REGISTERED COMPANY NUMBER: 04488807 (England and Wales) REGISTERED CHARITY NUMBER: 1100256
Report of the Trustees and
Financial Statements for the Year Ended 31 March 2025
for
Lighthouse Homes
Lighthouse Homes
Contents of the Financial Statements for the Year Ended 31 March 2025
| Page | |
|---|---|
| Reference and Administra�ve Details | 1 |
| Report of the Trustees | 2 to 7 |
| Report of the Independent Auditors | 8 to 10 |
| Statement of Financial Ac�vi�es | 11 |
| Balance Sheet | 12 |
| Cash Flow Statement | 13 |
| Notes to the Cash Flow Statement | 14 |
| Notes to the Financial Statements | 15 to 25 |
Lighthouse Homes
Reference and Administra�ve Details for the Year Ended 31 March 2025
| TRUSTEES | J S Bradwell |
|---|---|
| P Sherrington | |
| J Hampshire | |
| N Harland | |
| Rev A M Fox (appointed 6/3/2025) | |
| D Jenkinson (appointed 6/11/2025) | |
| REGISTERED OFFICE | The Lighthouse |
| 71 Westgate | |
| Rotherham | |
| South Yorkshire | |
| S60 1BQ | |
| REGISTERED COMPANY NUMBER | 04488807 (England and Wales) |
| REGISTERED CHARITY NUMBER | 1100256 |
| AUDITORS | SMH Group Audit |
| Statutory Auditors | |
| 5 Westbrook Court | |
| Sharrowvale Road | |
| Shefeld | |
| South Yorkshire | |
| S11 8YZ | |
| SOLICITORS | Wake Smith Solicitors |
| 2 Tenter Street | |
| Shefeld | |
| S1 4BY | |
| BANKERS | Unity Trust Bank |
| Four Brindleyplace | |
| Oozells Square | |
| Birmingham | |
| B1 2JB |
Page 1
Lighthouse Homes
Report of the Trustees
for the Year Ended 31 March 2025
statements for the year ending 31 March 2025. The charity is registered with the Charity Commission under registra�on number 1100256. We are also a company limited by guarantee, registra�on number 04488807.
statements and comply with the Charity's Memorandum and Ar�cles of Associa�on, the Companies Act 2006 and "Accoun�ng and Repor�ng by Chari�es: Statement of Recommended Prac�ce applicable to chari�es preparing their accounts in accordance with the Financial Repor�ng Standard applicable in the UK and Republic of Ireland (FRS 102) (effec�ve 1 January 2019)".
OBJECTIVES AND ACTIVITIES
Objec�ves and aims
reviewing our aims and objec�ves and in planning our future ac�vi�es. In par�cular the trustees consider how planned ac�vi�es will contribute to the aims and objec�ves they have set. We are very sa�sfied that all we do is for the public
Charitable Objects
Lighthouse Homes seeks to relieve poverty and advance the educa�on of persons, par�cularly those who are homeless, with the provision of accommoda�on, facili�es for preparing and ea�ng meals, clothing, advice, support and educa�onal courses, and other services calculated to relieve their needs, within a faith inspired framework.
and values and seeks to advance the Chris�an Faith.
Values
Our aims and objec�ves can be summarised as helping to create a safe place called home by providing stability, dignity, friendship, purpose and a plan. We are commi�ed to providing a place of change and this requires our residents to demonstrate how they are making progress against agreed goals. We seek to provide a place of safety and respect, which is at the heart of the community and linked to local opportuni�es, including those provided by faith communi�es.
Lighthouse Homes strives to be an equal opportuni�es organisa�on in all aspects of our work. We do not tolerate fear, violence, abuse, bullying, discrimina�on or exploita�on and adhere to a clear safeguarding policy guiding our prac�ce. Our staff are trained in safeguarding prac�ce and are all DBS checked. We welcome residents from all backgrounds regardless of race, religion, culture or sexual orienta�on.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what ac�vi�es the charity should undertake.
STRATEGIC REPORT
Using our accommoda�on, Lighthouse Homes works with men and women who have experienced homelessness from a variety of backgrounds who need a safe place to call home. Many of our residents have lived lives of chaos and addic�on. At Lighthouse Homes we aim to address the root causes of these addic�ons and connect our residents with the provision they need to aid recovery. We have a zero-tolerance policy towards drugs and alcohol, where residents commit themselves to change and growth when they are with us. Our work makes a major contribu�on to homelessness, addic�on, and crime preven�on in the areas in which we operate. We are con�nually working to improve the quality of our provision across the four projects, raising standards, moving to single room accommoda�on with ensuite facili�es where possible.
Page 2
Lighthouse Homes
Report of the Trustees for the Year Ended 31 March 2025
All our projects are a place of stability, safety, hope and change, a place in which those caught up in the storms of life can find acceptance, healing, and restora�on.
We provide in-house support groups, pastoral care sessions, recrea�onal ac�vi�es and other key areas of support that deal with the o�en complex and deep-rooted issues at the heart of homelessness. Our aim is to see all residents engaged in purposeful day�me ac�vity, through our 10 hours plus programme. We have a structure in Lighthouse that enables residents to turn their lives around. The outcome is a posi�ve impact on the local community with less crime, rough sleeping, and hopelessness.
Connec�ons with many community services allows us to provide a broad range of training/volunteering opportuni�es open to the residents, such as cooking sessions, computer skills, guitar lessons, crea�ve wri�ng classes, gardening and singing.
support them in demonstra�ng and prac�sing skills which will help them secure future employment. Interns also play a valuable role in suppor�ng staff to set a posi�ve and engaged culture within each house. Many of our residents describe Lighthouse as their "family" and we are delighted to have employed a number of former residents on temporary and permanent contracts.
We con�nue to be open to those of all faiths and none, and we encourage an environment where people feel free to talk about what they do or don't believe. However, at the heart of all that Lighthouse Homes does remains our Chris�an faith, with a commitment to show the love of God to every resident in a real and prac�cal way.
We have supported and guided several residents to discover, or rediscover their own faith at the Lighthouse, contribu�ng to their wellbeing and growth. Op�onal devo�ons are a part of our daily life and weekly services help to link with the local community and projects with similar purposes and appropriate church groups.
independence and stability. We see high numbers of residents move on to a range of posi�ve housing op�ons, some back to partners and family, others into independent living and employment. We work to maximise our posi�ve outcomes through move-on partnerships with other housing providers, public and private and rehabilita�on units.
Achievements and performance
We have a total of four projects, two in the Rotherham area, accommoda�ng both men and women, one in Shirebrook Derbyshire and one in Brimington Chesterfield. We offer 116 beds across our projects to men and women in need of accommoda�on, also offering care, support, and supervision within a 24/7 supervised environment. During the year we provided a home for 279 men and women.
rela�onships between our project staff and referral partners. However, we are also mindful that the cost of living crisis is pushing more people into homelessness, and the strain on the network of services which need to work together to support people with complex and individual needs.
taken two key steps to strengthen this. We have launched a training sabba�cal programme for our Managers and Senior Support Workers, giving them periodic �me away from day to day responsibili�es to undertake individualised learning. We have also refreshed and standardised our core training programme for all staff roles, making use of technology to improve the training experience and ease of record keeping.
Page 3
Lighthouse Homes
Report of the Trustees for the Year Ended 31 March 2025
STRATEGIC REPORT
Derbyshire, with a large room previously occupied by seven men into single rooms, providing dignity and privacy. We are grateful to both our staff and residents for maintaining a posi�ve atmosphere in the project during the extended disrup�on caused by the building works.
residents and staff, and a quieter space for administra�ve work.
In January, we strengthened our board of trustees with the addi�on of Rev Andrew Fox, who brings experience of developing drug and alcohol support in Shetland through the Food for Thought ini�a�ve.
Financial review
Figures are rounded to the nearest £000.
amounted to £179,000 (2024 - £141,000), dona�ons of £31,000 (2024 - £27,000), sundry income of £52,000 (2024 - £49,000), bank interest of £3,000 (2024 - £2,000), which gave a total unrestricted income of £1,474,000 (2024 - £1,314,000).There was £15,000 restricted grant income received in the year (2024 - £nil restricted grants), giving total income of £1,489,000 (2024 - £1,314,000).
Total expenditure was £1,389,000 (2024 - 1,296,000), of which £1,379,000 (2024 - £1,288,000) is unrestricted.
£380,000 (2024 - £280,000). As at 31 March 2025, unrestricted funds totalled £370,000 and restricted funds totalled £10,000.
Reserves Policy
that is deemed appropriate is £250,000 of unrestricted net current assets, which represents three months commi�ed unrestricted expenditure plus an es�mate of termina�on costs. Unrestricted net current assets increased to £232,000 at 31 March 2025 (£128,000 at 31 March 2024). The trustees are commi�ed to se�ng aside reserves each month to reach the targeted level of reserves, subject to the need to maintain high standards of care and respond to short no�ce cost and income pressures.
Liabili�es payable outside of one year are loans to purchase move on houses or improve main project sites. The trustees are sa�sfied that the value of these long term liabili�es of £91,000 at 31 March 2025 is less than the market value of owned proper�es.
£26,000 nega�ve reserves).
Page 4
Lighthouse Homes
Report of the Trustees for the Year Ended 31 March 2025
STRATEGIC REPORT
Future plans
The trustees review the strategic plan and direc�on for Lighthouse Homes on an annual basis. Over the coming year our key areas of focus will be to con�nue with the incremental improvements to the life protec�ng and life changing support we provide for our residents through the robustness of our opera�ng model and strong rela�onships with key stakeholders, including staff, local authori�es, landlords and other charitable organisa�on. As we prepare to enter our 20th year of opera�on, we an�cipate securing some key improvements to the facili�es in our main project sites.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is a charitable company limited by guarantee and was incorporated on 17 July 2002 as amended by a special resolu�on dated 24 September 2003. It is governed by a Memorandum and Ar�cles of Associa�on.
Structure, governance and management
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements except as described below were:
J Bradwell P Sherrington J Hampshire N Harland A Fox (appointed 9 January 2025) D Jenkinson (appointed 6 November 2025)
Lighthouse Homes Board governs the charity. The trustees are appointed by the Lighthouse Homes Board.
The Board considers the skills and abili�es of trustees. New trustees are sought according to organisa�onal needs. Poten�al trustees are selected to enhance the exper�se and experience available to Lighthouse Homes, taking account of their alignment with organisa�onal values. The selec�on process includes mee�ngs with senior staff and the trustee board, and taking up of references where necessary. New Trustees are inducted through mee�ng a�endance, project a�endance and discussion with managers and staff. Our new training programme will allow for more systema�c training for new and exis�ng trustees.
The trustees provide leadership and direc�on for the charity, se�ng the strategic direc�on, which is delivered by the CEO and their team.
account of comparable charitable organisa�ons and available funding.
We are also grateful to our teams of regular and occasional volunteers who provide invaluable support across our projects.
Page 5
Lighthouse Homes
Report of the Trustees for the Year Ended 31 March 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
Risk and Internal Control
-
Reviewed the major risks facing Lighthouse Homes
-
Put in place procedures to mi�gate these risks
The Trustees consider the following to be the key risks facing the Organisa�on:
and this is subject to the vagaries of the poli�cal and economic environment. We con�nue to monitor the funding changes in the external housing/benefits environment.
support services in a context of high employment.
- Lighthouse Homes recognises the importance of safeguarding its residents in all areas of the work of the organisa�on. We have a safeguarding policy, supported by relevant training.
REFERENCE AND ADMINISTRATIVE DETAILS
The company number is 04488807 and the charity registra�on number is 1100256.
Details of the trustees that served during the year and the delega�on of day to day management of the charity are provided under the heading 'Structure, governance and management' above.
Page 6
Lighthouse Homes
Report of the Trustees for the Year Ended 31 March 2025
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees (who are also the directors of Lighthouse Homes for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United
statements, the trustees are required to
-
observe the methods and principles in the Charity SORP;
with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and
In so far as the trustees are aware:
- the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit
AUDITORS
directors, on ............................................. and signed on the board's behalf by:
........................................................................ N Harland - Trustee
Page 7
Report of the Independent Auditors to the Members of Lighthouse Homes
Opinion
31 March 2025 which comprise the Statement of Financial Ac�vi�es, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accoun�ng policies. The financial repor�ng framework that has been applied in their prepara�on is applicable law and United Kingdom Accoun�ng Standards (United Kingdom Generally Accepted Accoun�ng Prac�ce).
-
resources and applica�on of resources, including its income and expenditure, for the year then ended;
-
have been properly prepared in accordance with United Kingdom Generally Accepted Accoun�ng Prac�ce; and
-
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with Interna�onal Standards on Audi�ng (UK) (ISAs (UK)) and applicable law. Our responsibili�es under those standards are further described in the Auditors' responsibili�es for the audit of the financial statements sec�on of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibili�es in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions rela�ng to going concern
in the prepara�on of the financial statements is appropriate.
that, individually or collec�vely, may cast significant doubt on the charitable company's ability to con�nue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibili�es and the responsibili�es of the trustees with respect to going concern are described in the relevant sec�ons of this report.
Other informa�on
The trustees are responsible for the other informa�on. The other informa�on comprises the informa�on included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.
explicitly stated in our report, we do not express any form of assurance conclusion thereon.
so, consider whether the other informa�on is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we iden�fy such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other informa�on, we are required to report that fact. We have nothing to report in this regard.
Opinions on other ma�ers prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
-
prepared is consistent with the financial statements; and
-
the Report of the Trustees has been prepared in accordance with applicable legal requirements.
Page 8
Report of the Independent Auditors to the Members of Lighthouse Homes
Ma�ers on which we are required to report by excep�on
In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not iden�fied material misstatements in the Report of the Trustees.
We have nothing to report in respect of the following ma�ers where the Companies Act 2006 requires us to report to you if, in our opinion:
-
adequate accoun�ng records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or
-
we have not received all the informa�on and explana�ons we require for our audit.
Responsibili�es of trustees
As explained more fully in the Statement of Trustees' Responsibili�es, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the prepara�on of the financial statements and for being sa�sfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the prepara�on of financial statements that are free from material misstatement, whether due to fraud or error.
con�nue as a going concern, disclosing, as applicable, ma�ers related to going concern and using the going concern basis of accoun�ng unless the trustees either intend to liquidate the charitable company or to cease opera�ons, or have no realis�c alterna�ve but to do so.
material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence
The extent to which our procedures are capable of detec�ng irregulari�es, including fraud is detailed below:
Our assessment of the suscep�bility to material misstatement, whether by fraud or error, is made in a risk based approach.
In this approach, laws and regula�ons applicable to the en�ty, such as the Companies Act 2006, United Kingdom Generally Accepted Accoun�ng Prac�ce including Financial Repor�ng Standard 102, Accoun�ng and Repor�ng by Chari�es: Statement of Recommended Prac�ce applicable to chari�es, the relevant tax compliance regula�ons within the UK, employment law, and Health and Safety law is considered, and the policies and controls the en�ty has in place to comply with these laws are reviewed, by discussion, reviews of correspondence and registra�ons monitored by external bodies. The engagement team remained alert to any indica�ons of fraud or non-compliance with laws and regula�ons throughout the audit.
Policies and controls rela�ng to the risk of material misstatement as a result of fraud are also considered. These are assessed by obtaining an understanding of the charity's opera�ons and control environment. The policies and controls have been reviewed by discussion, review and sample tes�ng of accoun�ng entries, challenging assump�ons and judgements, reviewing and evalua�ng related par�es transac�ons, and wider background searches.
monitor these risks and carry out work relevant to our assessment of each risk, including considera�on of the industry the charity operates in and its size and complexity.
Council's website at www.frc.org.uk/auditorsresponsibili�es. This descrip�on forms part of our Report of the Independent Auditors.
Page 9
Report of the Independent Auditors to the Members of Lighthouse Homes
Use of our report
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's
the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.
James Salim FCCA (Senior Statutory Auditor) for and on behalf of SMH Group Audit Statutory Auditors 5 Westbrook Court Sharrowvale Road Sheffield South Yorkshire S11 8YZ 15/12/2025 Date: .............................................
Page 10
Lighthouse Homes
Statement of Financial Ac�vi�es (Incorpora�ng an Income and Expenditure Account) for the Year Ended 31 March 2025
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| fund | funds | funds | funds | ||
| Notes | £'000 | £'000 | £'000 | £'000 | |
| INCOME AND ENDOWMENTS FROM | |||||
| Dona�ons and legacies | 3 | 31 | - | 31 | 27 |
| Charitable ac�vi�es | 5 | ||||
| Charitable ac�vi�es | 1,440 | 15 | 1,455 | 1,285 | |
| Investment income | 4 | 3 | - | 3 | 2 |
| Total | 1,474 | 15 | 1,489 | 1,314 | |
| EXPENDITURE ON | |||||
| Charitable ac�vi�es | 6 | ||||
| Staf costs | 701 | - | 701 | 642 | |
| Premises and service running costs | 208 | 9 | 217 | 182 | |
| Repairs & Refurbishment of lighthouse | |||||
| proper�es | 96 | 1 | 97 | 76 | |
| Deprecia�on | 5 | - | 5 | 6 | |
| Telephone and u�li�es | 84 | - | 84 | 99 | |
| Training | 2 | - | 2 | 4 | |
| Lease payments | 254 | - | 254 | 257 | |
| Loan interest | 9 | - | 9 | 10 | |
| Proft/Loss on disposal of assets | (9) | - | (9) | - | |
| Other | 29 | - | 29 | 20 | |
| Total | 1,379 | 10 | 1,389 | 1,296 | |
| NET INCOME | 95 | 5 | 100 | 18 | |
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 275 | 5 | 280 | 262 | |
| TOTAL FUNDS CARRIED FORWARD | 370 | 10 | 380 | 280 |
CONTINUING OPERATIONS
All income and expenditure derive from con�nuing ac�vi�es.
the Companies Act 2006.
Page 11
Lighthouse Homes
| Balance Sheet | |||
|---|---|---|---|
| 31 March 2025 | |||
| 2025 | 2024 | ||
| Notes | £'000 | £'000 | |
| FIXED ASSETS | |||
| Tangible assets | 11 | 229 | 299 |
| CURRENT ASSETS | |||
| Debtors | 12 | 51 | 51 |
| Cash at bank | 283 | 200 | |
| 334 | 251 | ||
| CREDITORS | |||
| Amounts falling due within one year | 13 | (92) | (118) |
| NET CURRENT ASSETS | 242 | 133 | |
| TOTAL ASSETS LESS CURRENT LIABILITIES | 471 | 432 | |
| CREDITORS | |||
| Amounts falling due after more than one year | 14 | (91) | (152) |
| NET ASSETS | 380 | 280 | |
| FUNDS | 19 | ||
| Unrestricted funds | 370 | 275 | |
| Restricted funds | 10 | 5 | |
| TOTAL FUNDS | 380 | 280 |
............................................. and were signed on its behalf by: 15 December 2025
............................................. Mal Lobeli ™ N Harland - Trustee
Page 12
Lighthouse Homes
Cash Flow Statement
for the Year Ended 31 March 2025
| 2025 | 2024 | ||
|---|---|---|---|
| Notes | £'000 | £'000 | |
| Cash fows from opera�ng ac�vi�es | |||
| Cash generated from opera�ons | 1 | 74 | 62 |
| Interest paid | (9) | (10) | |
| Net cash provided by opera�ng ac�vi�es | 65 | 52 | |
| Cash fows from inves�ng ac�vi�es | |||
| Sale of tangible fxed assets | 75 | - | |
| Interest received | 3 | 2 | |
| Net cash provided by inves�ng ac�vi�es | 78 | 2 | |
| Cash fows from fnancing ac�vi�es | |||
| Repayment of bank loans | (60) | (19) | |
| Net cash used in fnancing ac�vi�es | (60) | (19) | |
| Change in cash and cash equivalents in the | |||
| repor�ng period | 83 | 35 | |
| Cash and cash equivalents at the beginning | |||
| of the repor�ng period | 200 | 165 | |
| Cash and cash equivalents at the end of | |||
| the repor�ng period | 283 | 200 |
Page 13
Lighthouse Homes
Notes to the Cash Flow Statement for the Year Ended 31 March 2025
| 1. | RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING | ACTIVITIES | ||
|---|---|---|---|---|
| 2025 | 2024 | |||
| £'000 | £'000 | |||
| Net income for the repor�ng period (as per the Statement of Financial | ||||
| Ac�vi�es) | 100 | 18 | ||
| Adjustments for: | ||||
| Deprecia�on charges | 5 | 6 | ||
| Proft on disposal of fxed assets | (9) | - | ||
| Interest received | (3) | (2) | ||
| Interest paid | 9 | 10 | ||
| Loan repayments forgone as dona�ons | (10) | (10) | ||
| Donated vehicle | (2) | - | ||
| Increase in debtors | - | (11) | ||
| (Decrease)/increase in creditors | (16) | 51 | ||
| Net cash provided by opera�ons | 74 | 62 | ||
| 2. | ANALYSIS OF CHANGES IN NET FUNDS |
| At 1/4/24 | Cash fow | At 31/3/25 | |
|---|---|---|---|
| £'000 | £'000 | £'000 | |
| Net cash | |||
| Cash at bank | 200 | 83 | 283 |
| 200 | 83 | 283 | |
| Debt | |||
| Debts falling due within 1 year | (37) | 10 | (27) |
| Debts falling due a�er 1 year | (152) | 61 | (91) |
| (189) | 71 | (118) | |
| Total | 11 | 154 | 165 |
Page 14
Lighthouse Homes
Notes to the Financial Statements for the Year Ended 31 March 2025
1. CHARITY INFORMATION
Lighthouse Homes is a private company limited by guarantee incorporated in England and Wales. The registered office is The Lighthouse, 71 Westgate, Rotherham, S60 1BQ.
2. ACCOUNTING POLICIES
prepared in accordance with the Chari�es SORP (FRS 102) 'Accoun�ng and Repor�ng by Chari�es: Statement of Recommended Prac�ce applicable to chari�es preparing their accounts in accordance with the Financial Repor�ng Standard applicable in the UK and Republic of Ireland (FRS 102) (effec�ve 1 January 2019)', Financial Repor�ng Standard 102 'The Financial Repor�ng Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost conven�on.
Going Concern
has adequate resources to con�nue in opera�onal existence for the foreseeable future. Thus the trustees con�nue to adopt the going concern basis of accoun�ng in preparing the financial statements. The expected future income and expenditure, together with current reserves allows the charity to con�nue as a going concern.
Cri�cal accoun�ng judgements and key sources of es�ma�on uncertainty
In the applica�on of the charity's accoun�ng policies, the trustees are required to make judgements, es�mates and assump�ons about the carrying amount of assets and liabili�es that are not readily apparent from other sources. The es�mates and associated assump�ons are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these es�mates.
The es�mates and underlying assump�ons are reviewed on an ongoing basis. Revisions to accoun�ng es�mates are recognised in the period in which the es�mate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods
Income
Income is recognised when the charity is legally en�tled to it a�er any performance condi�ons have been met, the amounts can be measured reliably, and it is probable that income will be received. No income is shown net of expenditure.
the dona�on, unless performance condi�ons require deferral of the amount. Income tax recoverable in rela�on to dona�ons received under Gi� Aid or deeds of covenant is recognised at the �me of the dona�on.
Goods, facili�es and services donated to the charity are recognised as income when the charity is legally en�tled to it, the amounts can be measured reliably, and it is probable that income will be received.
Grants are credited to revenue when receivable. They are considered receivable when the condi�ons for the receipt of the grant are deemed, by the trustees, to have been met.
interest paid or payable by the bank.
con�nued...
Page 15
Lighthouse Homes
Notes to the Financial Statements - con�nued
for the Year Ended 31 March 2025
2. ACCOUNTING POLICIES - con�nued
Income
Rental income is recognised once the charity has en�tlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
All expenditure is accounted for on an accruals basis.
Costs rela�ng directly to the objects of the charity, or support costs, are treated as costs in the furtherance of the company's objects.
Governance costs include expenditure for compliance and management of the company.
deprecia�on and any impairment losses.
useful lives on the following bases:
Land and buildings property - 2% on cost and land 0% on cost Fixtures, fi�ngs & equipment - 33% on cost Computers - 33% on cost Motor vehicles - 33% on cost
and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.
The policy is not to capitalise items below a cost of £1,000.
Taxa�on
Lighthouse Homes is a registered charity and its primary ac�vi�es are not subject to Corpora�on Tax. Value added tax is not recoverable by the charity and as such is included in the relevant costs in the Statement of Financial Ac�vi�es.
Fund accoun�ng
Unrestricted funds can be used in accordance with the charitable objec�ves at the discre�on of the trustees.
Restricted funds can only be used for par�cular restricted purposes within the objects of the charity. Restric�ons arise when specified by the donor or when funds are raised for par�cular restricted purposes.
Hire purchase and leasing commitments
Rentals payable under opera�ng leases, including any lease incen�ves received, are charged as an expense on a straight line basis over the term of the relevant lease.
The cost of any unused holiday en�tlement is recognised in the period in which the employee's services are received.
terminate the employment of an employee or to provide termina�on benefits.
con�nued...
Page 16
Lighthouse Homes
Notes to the Financial Statements - con�nued for the Year Ended 31 March 2025
2. ACCOUNTING POLICIES - con�nued
Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturi�es of three months or less, and bank overdra�s. Bank overdra�s are shown within borrowings in current liabili�es.
3. DONATIONS AND LEGACIES
| DONATIONS AND LEGACIES | ||||
|---|---|---|---|---|
| 2025 | 2024 | |||
| Unrestricted | Restricted | Total | Total | |
| funds | funds | funds | funds | |
| £'000 | £'000 | £'000 | £'000 | |
| Dona�ons and gi�s | 31 | - | 31 | 27 |
For the prior year, restricted dona�ons totalled £NIL and unrestricted dona�ons totalled £27,000.
4. INVESTMENT INCOME
5.
| INVESTMENT INCOME | INVESTMENT INCOME | INVESTMENT INCOME | ||
|---|---|---|---|---|
| 2025 Unrestricted Restricted Total funds funds funds £'000 £'000 £'000 Other interest receivable 3 - 3 INCOME FROM CHARITABLE ACTIVITIES 2025 Ac�vity £'000 Rental income Charitable ac�vi�es 52 Housing beneft and service charges Charitable ac�vi�es 1,388 Grants Charitable ac�vi�es 15 1,455 2025 £'000 Analysis by fund: Unrestricted funds 1,440 Restricted funds 15 1,455 |
2024 Total funds £'000 2 |
|||
| 2025 £'000 52 1,388 15 1,455 2025 £'000 1,440 15 1,455 |
2024 £'000 49 1,236 - 1,285 2024 £'000 1,285 - |
|||
| 1,285 | ||||
| 2024 £'000 1,285 - |
||||
| 1,285 |
During the year, £225,736 (2024 - £358,906) of income has been generated from proper�es of which the use/asset has been donated to the charity.
con�nued...
Page 17
Lighthouse Homes
Notes to the Financial Statements - con�nued
for the Year Ended 31 March 2025
6. CHARITABLE ACTIVITIES COSTS
| Staf costs Premises and service running costs Repairs & Refurbishment of lighthouse proper�es Deprecia�on Telephone and u�li�es Training Lease payments Loan interest Proft/Loss on disposal of assets Analysis by fund: Unrestricted funds Restricted funds SUPPORT COSTS Other resources expended |
2025 £'000 1,350 10 1,360 |
Direct Costs £'000 701 217 97 5 84 2 254 9 (9) 1,360 2024 £'000 1,267 9 1,276 Governance costs £'000 29 |
|---|---|---|
7. SUPPORT COSTS
Governance costs includes payments to the auditor of £8,965 (2024 - £8,430).
Support costs, included in the above, are as follows:
| Support costs, included in the above, are as follows: | ||
|---|---|---|
| 2025 | 2024 | |
| Other | ||
| resources | Total | |
| expended | ac�vi�es | |
| £'000 | £'000 | |
| Auditors' remunera�on | 9 | 8 |
| Insurance | 17 | 12 |
| Legal fees | 3 | - |
| 29 | 20 |
con�nued...
Page 18
Lighthouse Homes
Notes to the Financial Statements - con�nued
for the Year Ended 31 March 2025
8. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated a�er charging/(credi�ng):
| 2025 | 2024 | |
|---|---|---|
| £'000 | £'000 | |
| Auditors' remunera�on | 9 | 8 |
| Deprecia�on - owned assets | 5 | 6 |
| Opera�ng leases other than telephone/photocopier | 254 | 257 |
| Surplus on disposal of fxed assets | (9) | - |
9. TRUSTEES' REMUNERATION AND BENEFITS
ended 31 March 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.
10. STAFF COSTS
| STAFF COSTS | ||
|---|---|---|
| 2025 | 2024 | |
| £'000 | £'000 | |
| Wages and salaries | 646 | 593 |
| Social security costs | 47 | 42 |
| Other pension costs | 8 | 7 |
| 701 | 642 |
The average monthly number of employees during the year was as follows:
| 2025 | 2024 | |
|---|---|---|
| Charitable ac�vi�es | 34 | 35 |
No employees received emoluments in excess of £60,000.
�me staff).
con�nued...
Page 19
Lighthouse Homes
Notes to the Financial Statements - con�nued
for the Year Ended 31 March 2025
11. TANGIBLE FIXED ASSETS
| 11. | TANGIBLE FIXED ASSETS | ||||||
|---|---|---|---|---|---|---|---|
| Fixtures | |||||||
| Freehold | and | Motor | Computer | ||||
| property | f�ngs | vehicles | equipment | Totals | |||
| £'000 | £'000 | £'000 | £'000 | £'000 | |||
| COST | |||||||
| At 1 April 2024 | 316 | 55 | 15 | 19 | 405 | ||
| Addi�ons | - | - | 1 | - | 1 | ||
| Disposals | (70) | (2) | - | - | (72) | ||
| At 31 March 2025 | 246 | 53 | 16 | 19 | 334 | ||
| DEPRECIATION | |||||||
| At 1 April 2024 | 18 | 55 | 15 | 18 | 106 | ||
| Charge for year | 4 | - | - | 1 | 5 | ||
| Eliminated on disposal | (4) | (2) | - | - | (6) | ||
| At 31 March 2025 | 18 | 53 | 15 | 19 | 105 | ||
| NET BOOK VALUE | |||||||
| At 31 March 2025 | 228 | - | 1 | - | 229 | ||
| At 31 March 2024 | 298 | - | - | 1 | 299 | ||
| 12. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||
| 2025 | 2024 | ||||||
| £'000 | £'000 | ||||||
| Accrued income - housing beneft | 35 | 37 | |||||
| Other debtors | 2 | 4 | |||||
| Prepayments | 14 | 10 | |||||
| 51 | 51 | ||||||
| 13. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||
| 2025 | 2024 | ||||||
| £'000 | £'000 | ||||||
| Bank loans and overdra�s (see note 15) | 16 | 26 | |||||
| Other loans (see note 15) | 11 | 11 | |||||
| Trade creditors | 37 | 47 | |||||
| Social security and other taxes | 13 | 11 | |||||
| Wages creditor | - | 3 | |||||
| Other creditors | 5 | 2 | |||||
| Accruals and deferred income | 10 | 18 | |||||
| 92 | 118 |
con�nued...
Page 20
Lighthouse Homes
Notes to the Financial Statements - con�nued
for the Year Ended 31 March 2025
14. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
| Bank loans (see note 15) Other loans (see note 15) LOANS An analysis of the maturity of loans is given below: Amounts falling due within one year on demand: Bank loans < 1yr Other loans < 1yr Amounts falling between one and two years: Bank loans > 1 yr Other loans > 1yr Amounts falling due in more than fve years: Repayable by instalments: Bank loans more 5 yr by instal |
2025 £'000 67 24 91 2025 £'000 16 11 27 64 24 88 3 3 |
2024 £'000 117 35 |
2024 £'000 117 35 |
|---|---|---|---|
| 152 | |||
| 2024 £'000 26 11 |
|||
| 37 | |||
| 103 35 |
|||
| 138 | |||
| 14 |
|||
| 14 |
15. LOANS
The bank loans are secured by way of a legal charge over the property at 39 Norton Road, Rotherham.
The other loan is repayable over ten years from 30 November 2017 and interest is charged on the loan at 5%.
The bank loan is repayable over ten years from 2 December 2021 and interest is charged on the loan at 2.9%.
16. LEASING AGREEMENTS
Minimum lease payments under non-cancellable opera�ng leases fall due as follows:
| Within one year Between one and fve years In more than fve years |
2025 £'000 281 347 399 1,027 |
2024 £'000 284 434 304 |
|---|---|---|
| 1,022 |
con�nued...
Page 21
Lighthouse Homes
Notes to the Financial Statements - con�nued for the Year Ended 31 March 2025
17. SECURED DEBTS
The following secured debts are included within creditors:
| 2025 | 2024 | |
|---|---|---|
| £'000 | £'000 | |
| Bank loans | 83 | 143 |
Bank loans are mortgages secured against the proper�es that they relate to.
18. ANALYSIS OF NET ASSETS BETWEEN FUNDS
| Unrestricted Restricted fund funds £'000 £'000 Fixed assets 229 - Current assets 324 10 Current liabili�es (92) - Long term liabili�es (91) - 370 10 |
2025 Total funds £'000 229 334 (92) (91) 380 |
2024 Total funds £'000 299 251 (118) (152) 280 |
|---|---|---|
Analysis of net assets between funds - previous year
| Unrestricted | Restricted | ||
|---|---|---|---|
| fund | funds | Totalfunds | |
| £'000 | £'000 | £'000 | |
| Fixed Assets | 299 | 299 | |
| Current assets | 246 | 5 | 251 |
| Current liabili�es | (118) | - | (118) |
| Long term liabili�es | (152) | - | (152) |
| 275 | 5 | 280 |
con�nued...
Page 22
Lighthouse Homes
Notes to the Financial Statements - con�nued
for the Year Ended 31 March 2025
19. MOVEMENT IN FUNDS
| MOVEMENT IN FUNDS | ||||
|---|---|---|---|---|
| Net | ||||
| movement | At | |||
| At 1/4/24 | in funds | 31/3/25 | ||
| £'000 | £'000 | £'000 | ||
| Unrestricted funds | ||||
| General fund | 275 | 95 | 370 | |
| Restricted funds | ||||
| Derbyshire Community - Counsellor | ||||
| VAR | - | 2 | 2 | |
| Beatrice Lang Founda�on - works LHS | 5 | - | 5 | |
| Lo�ery Fund - Sport England | - | 3 | 3 | |
| Derbyshire Voluntary | - | - | - | |
| Derbyshire Community – Jeford Weller | - | - | - | |
| Benefract Trust – Post Covid Mental Health Grant | - | - | - | |
| 5 | 5 | 10 | ||
| TOTAL FUNDS | 280 | 100 | 380 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £'000 | £'000 | £'000 | ||
| Unrestricted funds | ||||
| General fund | 1,474 | (1,379) | 95 | |
| Restricted funds | ||||
| Derbyshire Community- Counsellor | 2 | (2) | - | |
| VAR | 3 | (1) | 2 | |
| Lo�ery Fund - Sport England | 10 | (7) | 3 | |
| Derbyshire Voluntary | - | - | - | |
| Derbyshire Community- Jeford Weller | - | - | - | |
| Benefract Trust- Post Covid Mental Health Grant | - | - | - | |
| 15 | (10) | 5 | ||
| TOTAL FUNDS | 1,489 | (1,389) | 100 |
con�nued...
Page 23
Lighthouse Homes
Notes to the Financial Statements - con�nued
for the Year Ended 31 March 2025
19. MOVEMENT IN FUNDS - con�nued
Compara�ves for movement in funds
| Net | |||||
|---|---|---|---|---|---|
| movement | At | ||||
| At 1/4/23 | in funds | 31/3/24 | |||
| £'000 | £'000 | £'000 | |||
| Unrestricted funds | |||||
| General fund | 249 | 26 | 275 | ||
| Restricted funds | |||||
| Derbyshire community counselling | 2 | (2) | - | ||
| HSBC - Community Kitchen Project LHC | 1 | (1) | - | ||
| Benefract Trust - Post Covid Mental Health | |||||
| Grant |
5 | (5) | - | ||
| Beatrice Lang Founda�on | 5 | - | 5 | ||
| 13 | (8) | 5 | |||
| TOTAL FUNDS | 262 | 18 | 280 | ||
| Compara�ve net movement in funds, included in the above are as follows: | |||||
| Incoming | Resources | Movement | |||
| resources | expended | in funds | |||
| £'000 | £'000 | £'000 | |||
| Unrestricted funds | |||||
| General fund | 1,314 | (1,288) | 26 | ||
| Restricted funds | |||||
| Derbyshire community counselling | - | (2) | (2) | ||
| HSBC - Community Kitchen Project LHC | - | (1) | (1) | ||
| Benefract Trust - Post Covid Mental Health | |||||
| Grant | - | (5) | (5) | ||
| - | (8) | (8) | |||
| TOTAL FUNDS | 1,314 | (1,296) | 18 |
con�nued...
Page 24
Lighthouse Homes
Notes to the Financial Statements - con�nued
for the Year Ended 31 March 2025
19. MOVEMENT IN FUNDS - con�nued
HSBC Grant
regular social events.
Benefract Trust
Post COVID mental health grant provided residents with the opportunity to par�cipate in organised ac�vi�es including meals out.
Derbyshire County Council – Counselling
Grant enabled residents access to professional mental health counselling.
Provided a grant to take residents out for a Christmas meal.
Beatrice Lang Founda�on
Enabled the purchase of furniture for the newly refurbished en-suite bedrooms and the purchase of new sofas for the communal area at the Shirebrook project.
Lo�ery Fund- Sports England
This grant was to pay for a yoga and gym instructor, together with gym equipment for the residents.
VAR
This grant was to pay to take residents on climbing ac�vi�es.
Derbyshire Voluntary
Grant to pay for the residents' pool table to be recovered.
Derbyshire Community- Counsellor
To pay for a counsellor and their travel expenses for the residents.
20. RELATED PARTY DISCLOSURES
During the year the charity entered into the following transac�ons with related par�es:
Dona�ons totalling £840 (2024 - £1,090) were received from the trustees and related companies during the year.
Donated goods with a value of £1,500 (2024- £nil) were received from the trustees during the year.