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