CHARITY REGISTRATION NUMBER: 11008% The Lighthouse Foundation Unaudited Financial Statements 31 December 2022 JENNIONS MACKEN Institute of Financial Accountants Suite 1. Foundry House Widnes Business Park Waterside Lane Widnes Cheshire WA8 8GT
Page Tnjstees, annual report Independent examinerfs report to the trustees statement of financial activities Statement of financial position Notes to the financial statements The following pages do not form part of the financial statements Detailed statement of financial activities 14 Notes to the detailed slatement of financial activlties 15 Final Accounts
The Lighthouse Foundation Trustees. Annual Report Year ended 31 December 2022 The tmslees present their report and the unaudited financial statement8 of the charlly for the year ended 31 December 2022. Reference and adminlslratlvè datalls Rfjgisted charlty name The Llghthouse Foundation Charity règlstratlon numbar 1100896 Prlnclpal offlce 71 Lugsdale Road Widnes Cheshire WA8 6BP The tru$tee$ Mr A Hewitt Mr P Holland Mr l Allken Mrssmith {Retired 2 October 2022) Indendant examlner Mr l Jennions BA {Honsl FFA FIPA FFTA Suite 1, Foundry House Walerslde Lane Widnes Buslness Park Widnes Cheshire Structures governancè and management The organisatlon was registered as a Charity on 26 November 2003 INO. 11008961 under a governlng inslrumer¢l dated 10 August 2003. The Chalrman of the Management Council is Ihe leader of The Foundry Church and the majority of thè remaining trustees are appointed by the overslghl of The Foundry Church. The day lo day management of the charity Is carried out by Mr lan Ailken. Objedlves and actlvltles Th¢ Trustees must apply the Irwme of the charlty furlherlng the followlng objects I't oblecls I.. The objects of The Llghlhouse Foundation are to offer rahabllltallon and educatlonal detached work in school$ and the local community. The Lighthouse L Centre is a residenllal rehabllltalion fitre for recovering drug users. Thls offers a support structure to the clients and thair families through mentoring and training in all aspects of an IndividLJal's Sife. The educ8tion81 aspect of the foundallon Is lo ralse the awareness of the many dangers surroundir)g a life of substsnce misuse and abuse. This Is achieved through a positive and effeclive detached work within the local community ie schools, voluntary groups and other organisations with the use of many multi funcllonal facllilie5. Final Accounts
The Lighthouse Foundation Trustees. Annual Report fcontlnuod) Year ended 31 December 2022 Oblectlves and actlvltle6 (Gontlnuwlj INVESTMENT POLICY The Trustees have the power lo invest in such as5els as they See fil subject neverlhele8S to such condllions and oonsents as may for the time being be imposed or required by law. Surplus funds aro invested with variou5 institutions. RESERVES POLICY The Charity carries out a variety of both long term and short term projects. The Trustees have examined the reqLtlrement for free reserves, which are those unrestricted funds not invested in fixed assets, designated for specifi¢ purposes or otheNise committed. The Trustees conslder that currently, gDien the nature of our work, thls should be approxlmalely £60,000, which gives flexibillly to cover shorl term liming dlfferences for grant claims and adequate working capital for our core costs. However the Trustees keep this under regular review as circumstance5 Ghange. The free cash reserves at 31 December 2022 includa a general reserve of £27,106 RISK MANAGEMENT The Trustees actively revlew the major risk8 which the Charity faces on a regular basis and belleve that maintaining ourfree reserv6s at the levels slated above, combined with our annual review of the controls over key financial sy8t6ms, will PTovlde sufflent resoLJrces in the event of adverse conditions. The Trustees have also examined other operational and business risks whlch we face and confirm that they have eslabllshed 8yslems lo miligale the significant risks. Achievgmants and performanc¢ The charity has agaln had a good year,. again this is due to the enthusiasm, commitment, hard work and molivalion of our staff team and volunteers. Grateful thanks is also extended to our friends and partngrs for their continued financial support and prayers. We provided resldenlial support for tW8nly men during 2022, elght of whom moved on to independent living and selling up their own accommodation. One service user, upon completion of his residential recovery. was employed by the charlty In a support worker role. Several of our resld6nts have benefitled from the provisioll of professlonallspeclalised counselling servi08s from an external agenGy. We have redesigned the SL¢pporl Illnerary Ihls year lo include the proven and ground-breaking recovery programme Celebrate Recovery. The charily financers have performed salisfaclorily this year & despite a cosl-of-livlng crlsls recorded a £5k operating surplus. Our fr¢ends of liohthouse" scheme has had a good year & we wlll look lo recruit some new sponsors during 2023. We had Ihree successful grant applicallons. One enabled us lo provSde a former servlce user & now employee to access on8 lo one coachlng Iralning from an external agency relevant lo Ihe role. Another grant was obtalned to refurbish our recreation room lo be completed by the end of June 2023 We conllnue lo have a lot of interest in our service via our website with many referrals coming from family members, churches, other agencies, and direct Teferrals. W8 would like lo express our thanks lo all our partners for their prayers, goodwlll. and flnanclal support and specÉal thanks lo our volunteers who hav8 generously given Ihelr time and skills. Final Accounts
The Lighthouse Foundation Trustees. Annual Report (COndn) Year ended 31 December 2022 Financial revlew The charity finances have perfomied reasonably well, resulting in a small surplus for the year, which has been in Ilne with trustees, expectations. Plans for future perlods 1. One of our volunteers will be providing floating support for residents who have moved on & into Ihelr own accommodation. 2. The new recreation room will be ¢ompleted by June 2023, a £1 k grant has been obtalned to partly fund this. 3. Redesign & landscaplng of the Ilghthouse gardens & grounds. This will be done by our fanlasltc residents. 4. Continue to explora new income streams & grant appll¢alions lo raise funding for operating costs & new computer equlpmenl for our residents, CoMpter suite. 5. A support workeT wlll receive training In one to one coaohing and development from an exlernal training provider. BENEFITS TO THE PUBLIC The charity offers a residential rehabilitation facility for recovering drug users offerlr¢g a support slruGture lo the clients and their families through mentoring and Irainirkg in all aspects of an Individual's lifo. The charity also offers an edu¢allonal aspect lo raise the awareness of the many dangers surrounding a life of substance misuse and abuse. This is achieved through a positive and effective detached work within the local community 5¢ schools, voluntary groups other organisalions wth the use of many mulli functional facilities. The trustees, annual report was approved on trustees by.. and signed on behalf of Ihe board of Mr l Ailken Trustee Mr S Smllh Trustee Ilk Final Accounts
The Lighthouse Foundation Independenl Examiner's Report to the Trustees of The Lighthouse Foundation Year ended 31 December 2022 I report to the trustees on my examlnalion of the finanGlal statements of The Llghlhouse Foundation I'lhe charilv) for the year ended 31 D8rnber 2022. ResponsibIlltl and basis of report As the Iruslees of the charity you are responslble for the preparallon of the financlal ststements in accordance with the requirements of the Chariti&8 Aot 20111'the Act,). I report in respect of my examinatlon of the charfly's financial statements carried out und6r section 145 of the 2011 Act and in carrying out my examlnalion I have folbowed all the appllcable DireGtions given by the Charity Commission under se¢llon 145{5)Ib) of th& Act. Independént examlnor's statement I have completed my examination. I confirm that no malerlal matters have ¢ome to my attention in connection with the examination glving me cause to bellève that In any materlal re8pect'. accounting re¢ord8 were not kept in respect of the charity as required by 8ecllon 130 of Ihe A¢t-, or the financial statements do not accord with those re¢ords', or the financial slatemenls do not comply with the applicable requirements concèrning the form and content of accounts set out in the Charities {Accounls and Reports} Regulations 2(X)8 other than any requlremenl that the accounts give a 'true and fair, view which Is not a maller considered as part of an independent ex8minalKbn. I have no Goncerns and have ¢ome across no other mallers in ¢onnectlon with the examinatlon lo which attention should be drawn in this report in order to enable a prop&r underslandlng of the ac¢ounls lo be reached Mr l Jennions BA {HotssJ FFA FIPA FFTA Independent Examiner Sullo 1, Foundry House Waterside Lane Widnes Business Park Widn8S Cheshire WA8 8GT Final Accounts
The Lighthouse Foundation Statement of Financial Activities Year endad 31 December 2022 2022 Unrestricted funds Total funds Total funds 2021 Nots Income and endowments Donations and legacies 148,177 148,177 148,177 149,525 149,525 Total Income 148,177 EKpfrndlture Expendilure on charitable acllvilies Total ?xpendSturo 142,888 142,888 142,888 154.275 142,888 154.275 Nat Incomel{expondlturel and net movemen* In funds 5,289 5,289 (4,750) Roconcillatlon of funds Total funds brought forward Total funds carrlod forward 305,638 305.638 310,388 305,638 310,927 310.927 The slalemenl of finan¢lal activities indudes all gains and losses recognised In the year. All Income and expenditure derive froFn continuing a¢tlvllies. Final Accounts
The Lighthouse Foundation Statement of Financial Position 31 December 2022 2022 2021 Note Flxed assets Tangible fixed assets 12 283,924 284,202 Current assets Debtors Cash al bank and In hand 13 3,921 27,106 31,027 3,444 22,305 25,749 Creditors: amounts falling due wlthln one year N¢t current assets 14 4,024 4,313 27,003 21,436 Total as80ts less current Ilabililies 310,927 305.638 Net assats 310.927 305.638 Funds of the ¢harlty Unreslricled funds 310,927 310,927 305,638 Total charity funds 16 305,838 The e fi anclal slaloments Were approved by the board of trustees and aulhorised f¢x issue on -.V.)., and are slgned on behaK of the board by.. Mr l Allken Trustee Mr S Smllh Trustee Final A¢counts
The Lighthouse Foundatlon Notes to the Financlal Statements Year ended 31 Decembar 2022 Genaral information The charity is a publSc benefit entity and a registered ¢h2rily in England and Wal8s and is unincorporated. The address of th8 principal ofllce is 71 Lugsdale Road, Widnes, Cheshire, WA8 6BP. Statement of compllance These financial statements have been prepared in compliance wllh FRS 102, The Financial Reporling Standard applicable In the UK and the Republlc of Ireland,, the Statement of Recomtnanded Practice applicabl@ lo charities preparing Ihelr accounts in accordance with the Financial Reporting Slandard aptAlcable in the UK arbd Republic of Ireland IFRS 102) (Charilies SORP IFRS 102)) and the Charities Act 2011. AOUntIng poll¢ie$ Basls of preparation The financial slalements have been prepared on the historical cost basls, as modifled by the revaluallon of c8rlain financial assets and liabillties and investment properties measured at fair value through income or expenditure. The financial slalements ar8 prepared in sterling, which is the functional currency of the entity. Going concern There are no material urrtaInt1e8 about the charlty's ability to continue. Dtsclosuro exèmptions The enlily salislies the criteria of being a qualifying entlly as defined in FRS 102. As such, advantage has been taken of the following dlsclosure exemptions available under paragraph 1.12 of FRS 102- (a) No cash flow slalemenl has been presented for the company. (b) Disclosures in respect of financial insl¥umenl$ have not been presented. Judgoments and key sources of estlmatlon uncèrtalnty The preparation of the financial statements requlres management to make judgements, estimates and a88umplions that affect the amounts pOrted. These estlmales and judgements are continually reviewed and are based on experlenc8 and other factors, Including expectations of future events that are believed to be reasonable under the circumslan¢es. Fund accountlng Unreslrlcled fur¢ds are available for use al the dlscretion of the trustees lo further any of the charity's purposes. Oesignaled funds are unrestricted funds earmarked by the trustees for partlujlar future project or commllment. Reslrlcted funds are subjected to reslriclions or) their expenditure declaréd by Ihe donor or through the terms of an appeal, and fall into one of iwo sub-classes.. reslricled Income funds or endowment funds. Final Accounts
The Lighthouse Foundation Notes to the Financlal Statements (conllnued) Year ended 31 December 2022 Accountlng pollclas (coTrtlnued) In¢omlng resources I Incoming resources are included In the slatemenl of flnancial aclivilles when enlillement has passed to the charity; il is probable that the economic benefi'ts associaled with the transaction will Ilow lo the eharlly and the amounl Can be reliably measured. The following specific pollcles are applied lo parttcular calègorles of income.. Income from donations or grants 18 recognised when there is evidence of entitlement lo the gift, receipt is probable and Its amount can be measured rellably. legacy Income is recognised when receipt is probabl6 and entitlement Is established. income from donated goods Is measured al the fair valua of the goods unless this is impractlcal to measure reliabiy. in which Gase the value is derived from the cosl to the donor or the 8Stlmaled resale value. Donated facilities and ServIS are recognised in the accounts when received rf the value can be reliably m8asur6d. No amounts are included for the conlributlon of general volunteers. Income from contracts for the sUpY of services Is recognised with the delNery of the contracted servlce. This is classified as unreslricled funds unless there Is a contractual requirement for il lo be spent on a partlcular purpose and returned if unspent, in which case il may be regarded as restrlcled. Resources axpended Expenditure 15 recognised on an accruals basis as a liability Is Incurred. Expendlture Includes any VAT which cannot be fully recovered, and is classified Ljnder headinos of the slalemenl of financial aclivit68s lo whlch it relates.. expenditure on raising funds Includes the costs of all fulldralsing activities, events, non- ¢harilable trading aclivilies, and the sale of donated goods. expendilure or¢ charitable aclivilies includes all costs incurred by a charlly in undertaking activities that further ils charitable aims for the benefit of it8 beneficiaries, Including those support costs and costs relating lo the governance of the charity apportioned to charitable aclivilies. other expenditure includes all expenditure that18 neilher related lo raisin9 funds for the charlty nor part of ils experllure on charitable aclivilles. All costs are allocated to expenditure categories reftecling the use of the resource. Direct oosls allribulab10 lo a single acllvity are allocated dlreclly lo Ihal acts'vily. Shared costs are apportioned b6iween the activities they contribute to on a reasonable, lusllfiable and consisler)I basis, Tanglble as$ets All fixed assets are initially recorded al cost. Final Accounts
The Lighthouse Foundation Notes to the Financlal Statements {conllou•dJ Year ended 31 December 2022 Accountlng pollcles {¢on¢lnuad) Dopreclation Depreciation is calculated so as lo write off the cost or valuation of an asset, less ils residual value, over the us8ful economic life of that asset as follow5: Building Improvements Motor Vehicles Equipment 25 /0 reducing balance 25Yo reducing balance 25¥0 reducing balance Impairment of flxèd 8$Sat$ A review for indicators of impairment is carrled out al each reporting dale, with the recoverable amount being eslimaled where such indlcalors exist. Where the carrylng value exceeds the recoverable amount, the asset is impalred accordingly. Prior impairments are also revlewed for possible reversal al each reporting date. For the purpDses of impairment lestlng. when it Is not possible to aslimale the recoverable amount of an indwidual asset, an estimate Is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generaling unit Is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely Independent of the cash inflows from other assets or groups of assets. For Impairment testing of gooowill, the goodwill acqulred in a buslness combination Is, from the acquisition dale, allooaled to each of the cash-generallThJ units that are expected lo benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units. Government grants Government grant8 are recognised at lh8 falr value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the charity will compty wllh the conditions allachlng to them and the grants will be recefved. Where the grant does nol Impo88 speclfl8d future performance-relaled condltions on the recipient, il is recognised in Income when the grant proceeds are received or receivable. Where the grant does impose specified lulure performance-relaled conditions on the reclpienl, it is reoognised in Income only when the performance-rel8led conditions have been met. Where grants received are prlor lo satisfying the revenue recognillon criteria, they are recognised as a liability. Flnancial Instruments Basic financial Instruments are initially recognised at the amount reGelvable or payable includlng any related transaction Gosts, unless the arrangement constllules a financlng transactlon, where11 is recognised al the present value of the future payments dlscounled at a market rale of Interest for a similar debt Instrument. Final Accounts
The Lighthouse Foundation Notes to the Financial Statements Iconilrtu Year ended 31 Decembèr 2022 Donations and lega¢ie8 Unreslricled Total Funds Unrestricted Total Funds Funds 2022 Funds 2021 Donatlons Housing Benefit Ground8 Maintenance Income Other donations Rent Income Glft Aid Tax Received 96,230 24,976 12,334 2,940 709 96,230 24,976 12,334 2,940 709 104,111 23,837 7,065 3,900 104,111 23,837 7,065 3,900 Grants Liverpool Charity & Voluntary Services National Lollery Government grant incorne 1,000 9,988 1.000 9.988 10,612 10,612 148,177 148,177 149,525 149,525 Expendlture on charftable actlvlties by fund type Unrestrlcled Total Funds Unreslricled Total Funds Funds 2022 Funds 2021 DiTecl charllab58 aGtivilles Support costs 141.172 1.716 141,172 1,716 142,888 152,439 1,836 154,276 152,439 1,836 142,888 154,275 Expenditurtr on chorltable actlvities by actlvlty type Activilies undertaken directly Support Total lunds costs 2022 Total fund 2021 Dlrecl charitable aclivilie$ Goveman¢e costs 141,172 141,172 1,716 152,439 1,836 1,716 1,716 141,172 142.888 154,275 Net Incom¢l(expendlturel Nel incomel{expendilure) 18 Staled after chargingl{credilingl: 2022 2021 Depreciallon of tangible fixed assets 278 375 Indopend8nt examlnatlon fee$ 2022 2021 Fe6s payablo lo the ind8p8ndenl 8xaminer for.. Independent examinallon of the financia1 slalemenls 1,300 1,300 Final Accounts 10
The Lighthouse Foundation Notes to tha Financial Statements (contlTru8d) Year ended 31 December 2022 Staff costs The average head count of employees durlng the year was 412021.. 4). No employee recelved employee benefits of more than £60,000 during the year12021.' NII). 10. Trustee remunoration and expenses During the year one of Ihg trustees received remuneration in his capacity as an employe& of the charity In the amount of £27,929. 11. Tfansfers betw¢en funds The fund transfers represent the replacement of monies prevlously paid from unreslrlcled funds but relating to reslricled &xpendilure. 12. Tanglble fixèd assets Land and FlxtLEres and bL¢ildings fittings Motor vehicles Equipment Total Cost Al 1 January 2022 and 31 De¢8mber 2022 283,082 15,470 345 61,343 360,240 Depreciatlon Al 1 January 2022 Charge for the year At 31 DeGember 2022 15,253 151 60,634 175 76,038 278 15,307 200 60,809 76,316 Carrylng amount At 31 December 2022 283,082 283,082 163 145 534 283,924 At 31 December 2021 217 194 709 284,202 13. Debtors 2022 2021 Trade debtors Other debtors 3,265 656 3,444 3,921 3,444 14. Crèdltors: amounts falling due wlthln one yèar 2022 2021 Accruals and deferred income Soclal securlly and other taxes 2,430 1,594 4,024 2,791 1,522 4,313 Final Accounts 11
The Lighthouse Foundation Notes to the Financlal Statements (conlthuod) Year ended 31 December 2022 15. Government grant$ The amounts recognised in the financial slalements for government grarbts are as follows.. 2022 2021 ReCniSed in income from donallons and legacles.. Government grants income 10,612 16. Analy818 of charltable funds Unrostrlctgd funds Al 1 January 20 22 At 31 Decembe r 2022 Income Expenditur8 General funds 305,638 148,177 (142,888} 310,927 Al 1 January 20 21 Al 31 December 2021 Income Expenditure General funds 310,388 149,525 1154,275) 305,638 17. Analysis of net assets between funds Unre81rlcled Total Funds Funds 2022 Tangible flxed assets Current assets Creditor$ less than 1 year Net assets 283,924 31,027 (4,0241 310,927 283,924 31,027 14,0241 310,927 Unrestred Total Fund8 Funds 2021 Tangible fixed assets Current assets Creditors less than 1 year Net a8Sets 284.202 25,749 {4.313) 305,638 284,202 25,749 (4,313) 305.638 18. Flnancial instruments The charity currently holds no financlal instruments. 19. Related partles The Charlly is effectively controlled by The Foundry Church (charity no. 11742101 which also corslro15 Pentacoslal Re51d6nces Charity (charity no. 10023961. Ronlal costs of £21,600 were pald lo Penlecostal ResidenGes Charity for the use of a bungalow and income of £24,976 was received from Penlacoslal Residences Charity in respect of ground maintenance. Final Accounts 12
The Lighthouse Foundation Management Infomiation Year ended 31 December 2022 Tha followSng pages do not form part of the flnan¢lal statements. Final Accounts
The Llghthouse Foundation Detalled Statement of Financial Activities Year ended 31 December 2022 2022 2021 Incomo and endowments Donatlons and legacies Houslng Beneflt Grounds Maintenance Income Other donations R8nt Income Gift Ald Tax Recelved Llverpool Charlly & Voluntary Services National Lottery Government grant income 96,230 24,976 42,334 2,940 709 1,000 9.988 104,111 23,837 7,065 3,900 10.612 148,177 149,525 Total Income 148,177 149,525 Expgndlture Expendlture on charitable activltlas Wages and salaries Employer's NIC Renl Rates and water Light and heat Repairs and maintenance Insurance Other eslablishmenl Motor vehicle expenses Other motorltravel costs Legal and professional fees Telephone Other offth costs Depreciation other interest payable and slmilar oharges Donations and Missionary 77,275 6,099 21.600 6.934 9,101 2,410 2,614 6,205 1,958 1,024 3,776 1,393 1,059 278 78 1,084 142,888 77,451 5,873 21,600 7,630 6,750 4,709 2,445 5,570 2,267 7,673 7,449 1,249 1,389 376 1,846 154,275 Total expendlture 142,888 154,275 Net incomel{gxpanditure) 5.289 {4.750) Final Accounts 14
The Lighthouse Foundation Notes to the Detailed Statement of Flnancial Activities Year ended 31 December 2022 2022 2021 Expefidituro on charltable a¢tivltloS Dlrect charltable a¢tivltles Activltie5 undertaken dlrectly Wages and salaries Employer's NIC Rent Rates and water Light and heat Repairs and maintenance 77,27S 6,099 21,600 6,934 9,101 2,410 77,451 5,873 21,600 7,630 6,750 4,709 E li Insurance Other eslablishmenl Motor vehicle expenses Other motorllravel costs Legal and professional fees Telephone Other office costs Depreciation Other interest payable and similar charges Donations and misslonary 2,614 6,205 1,958 1,024 2,060 1,393 1.059 278 78 1,084 141,172 2,445 5,570 2,267 7,673 5.613 1,249 1,389 375 1.845 152.439 Govarnance $t8 Accountancy fees 1,716 1,836 Expendlture on charitable actlvities 142.888 154,275 Final Accounts 15