2021-12-31-accounts

				Page
Trustee's	report
Independent Examiner's			Report to the members
Statement	offinancial	activities
Balance sheet
Notes to	the financial	statements

			Notes	2021	2020
				g	g
Grants	and Donations			256,876	213,585
Administrative expenses				(306,485)	(264,232)
Other operating income		(HMRC JRS Grant)		71,060	66,443
Operating profit			2	21,451	15,796
Interest	payable		3	(14,785)	(15,681)
Surplus	on ordinary activities before taxation			6,666	115
Tax on	profit on ordinary	activities
Surplus	for the financial year			6,666	115

Lighthouse Educat Balance Sheet as at 31December	ional So 2021	ciety
		Notes		2021		2020
						F
Fixed assets
Tangible assets				854,118		872,323
Current assets
Debtors		5	22,041		21,830
Cash at bank and in hand			46,130		36,549
			68,171		58,379
Creditors: Wages &	Salaries		(755)		(1,470)
Net current assets				67,416		56,909
Total assets less current
liabilities				921,534		929,232
Creditors: amounts	falling due
after more than one	year			(462,042)		(476,406)
Net assets				459,492		452,826
Capital and reserves
Total Funds Account				459,492		452,826
Shareholder's funds				459,492		452,826

2	Operating profit	2021	2020
		K
	This is stated after charging:
	Depreciation of owned fixed assets	22,340	21,503
3	Interest payable	2021	2020
		F
	Interest payable	14,785	15,681

Tangible fixed assets
		Plant and
	Land and	machinery
	buildings	etc	Total
	6	6
Cost
At 1 January 2021	1,055,099	82,707	1,137,806
Additions		4,135	4,135
At 31 December 2021	1,055,099	86,842	1,141,941
Depreciation
At 1 January 2021	184,039	81,444	265,483
Charge for the year	21,102	1,238	22,340
At 31 December 2021	205,141	82,682	287,823
Net book value
At 31 December 2021	849,958	4,160	854,118
At 31 December 2020	871,060	1,263	872,323

5	Debtors		2021	2020
	Trade debtors		22,041	21,830
6	Creditors: amounts	falling due after one year	2021	2020
			6
	Bank loans		462,042	476,406
7	Total Funds Account		2021	2020
			F	6
	At 1 January 2021		452,826	452,711
	Surplus for the year		6,666	115
	At 31 December 2021		459,492	452,826

Lighthouse Educational Society Statement ofFinancial Activities for the year ended 31 December 2021 for the information ofthe director only
	2021	2020
	6
Grants and Donations	256,876	213,585
Administrative expenses	(306,485)	(264,232)
Other operating income	71,060	66,443
Operating surplus	21,451	15,796
Interest payable	(14,785)	(15,681)
Surplus before tax	6,666	115

				Dec 21		Dec	20
Code	Description			Current		Comp.		Variance
				2		2		2
Profit 6loss account
Sales
001	Donation				112,178		76,725	35,453
002	Students fees				36,875		55,257	(18,382)
003	Restricted Funding				86,265		73,313	12,952
004	Unrestricted Funding				17,020			17,020
011	Classroom let				2,841		7,187	(4,346)
013	Donation box				1,697		1,103	594
					256,876		213,585
Cost ofsalas
112	Tutorial expenses				52,271		39,409	12,862
					52,271		39,409	12,862
Gross	profit				204,605 +79.65%		174,176 +81.55%	30,429 -1 90%
Administration expenses
301	Wages and salaries				152,036		130,102	21,934
305	Staff pension costs - defined		contribution		512		1,260	(748)
320	Volunteer expenses				21,792		11,466	10,326
321	Rent				17,938		16,441	1,497
323	Rates				3,703		7,088	(3,385)
326	Insurance				4,244		2,707	1,537
331	Light and heat				8,164		7,069	1,095
332	Cleaning				451		1,605	(1,154)
334	Repairs and maintenance				5,733		1,579	4,154
341	Printing, postage	and stationery			4,386		5,116	(730)
345	Telephone				1,553		1,669	(116)
347	Hire of equipment				383		592	(209)
365	Legal and professional				4,107		2,958	1,149
366	Solicitor expenses				100		5,967	(5,867)
367	Consultancy fees				3,133		5,382	(2,249)
368	Accountancy fees				600		600
371	Bank charges						56	10
381	General expenses				1,674			1,674
386	Subscriptions				1,299		1,663	(364)
394	Depreciation of tangible assets				22,340		21,503	837
					254,214		224,823	29,391
Other operating Income
408	HMRC JRSGrant				71,060		66,443	4,617
					71,060		66,443	4,617
Interest (receivable)/paid		and similar	(Income)/charges
471	Bank Interest payable accrued				14,785		15,681	(896)

		Dec 21		Dec	20
Cods	Descrlptlon	Current		Comp.		Variance
				2
			14,785		15,681	(896)
Profit	before taxatlon		8,888		115	6,551
			+2.60%		+0.05'Yo	+2.55%
Profit	after taxatlon		6,666		115	6,551
					115	6,551

Dec 21	Dec 20
Current	Comp.	Variance
2	6	2

Balance	sheet
Fixed assets
621	Land & Building	-	cost	b/fwd					1,055,099	1,055,099
625	Land & Building	-	accumulated		depreciation			b/fwd	(184,039)	(162,947)	(21,092)
626	Land & Building	-	depreciation		charge				(21,102)	(21,092)	(10)
651	Plant & machinery		-cost b/fwd						82,707	81,601	1,106
652	Plant & machinery		- additions						4,135	1,106	3,029
655	Plant & machinery		—accumulated			depn	b/fwd		(81,444)	(81,033)	(411)
656	Plant & machinery		-depreciation			charge			(1,238)	(411)	(827)
									654,116	872,323	(18,205)
Current	assets
712	Rent deposit								1,700	1,700
732	Other debtors								9,614	9,614
736A	PAVE recoverable								10,727	7,016	3,711
751	Prepayments									3,500	(3,500)
771	HSBC Community		Bank a/c no. 01799460						32,610	17,554	15,056
772	Barclays bank	a/c	no.	13608964					13,520	18,995	(5,475)
									68,171	58,379	9,792
Current	liabilities
890	Pension contributions								155	870	(715)
881	Accruals								600	600
									755	1,470	(715)
Net current assets									67,416	56,909	10,507
Long term liabilities/provisions/deferred						income
903	Barclays loan a/c		no. 10019216						462,042	476,406	(14,364)
									462,042	476,406	(14,364)
Net assets									459,492	452,826	6,666
Share capital & reserves
990	Profit and loss	account		b/fwd					452,826	452,711	115
Retained	profit								6,666	115	6,551
Shareholders funds									459,492	452,826	6,666