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2021-08-31-accounts

REGISTERED COMPANY NUMBER: 05218144 (England and Wales) REGISTERED CHARITY NUMBER: 1110619

Report of the Trustees and

Audited Financial Statements for the Year Ended 31 August 2021

for

THE LIGHTHOUSE CHAPEL INTERNATIONAL

THE LIGHTHOUSE CHAPEL INTERNATIONAL

Contents of the Financial Statements for the Year Ended 31 August 2021

Page
Reference and Administrative Details 1
Report of the Trustees 2 to 6
Report of the Independent Auditors 7 to 10
Statement of Financial Activities 11
Balance Sheet 12
Cash Flow Statement 13
Notes to the Cash Flow Statement 14
Notes to the Financial Statements 15 to 23
Detailed Statement of Financial Activities 24 to 25

THE LIGHTHOUSE CHAPEL INTERNATIONAL

Reference and Administrative Details for the Year Ended 31 August 2021

TRUSTEES C Amaning
J Baiden
E Ansa - Asamoah
COMPANY SECRETARY J Hyde
REGISTERED OFFICE 2A Carden Road
Nunhead
London
SE15 3UD
REGISTERED COMPANY 05218144 (England and Wales)
NUMBER
REGISTERED CHARITY 1110619
NUMBER
SENIOR STATUTORY Muhammad Imran Ashraf
AUDITOR
INDEPENDENT AUDITORS Sigma Chartered Certified
Accountants &
Registered Auditors
Kelvin House
Kelvin Way
Crawley
West Sussex
R10 9WE

Page 1

THE LIGHTHOUSE CHAPEL INTERNATIONAL

Report of the Trustees for the Year Ended 31 August 2021

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 August 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The advancement of the Christian religion.

Page 2

THE LIGHTHOUSE CHAPEL INTERNATIONAL

Report of the Trustees for the Year Ended 31 August 2021

OBJECTIVES AND ACTIVITIES

Furthering the Objectives

The charity requires that all bone fide members must be born again Christians, who publicly and openly profess to have consciously and willingly accepted Jesus Christ as Lord and Saviour of their lives.

The charity shall be maintained and operated by means of contributions from members, private individuals, organisations or associations who share the objectives and aspirations of the charity and from revenues derived from its assets or business. All donations and contributions are non-refundable and shall be disbursed as the trustees see fit.

A member may be dismissed or excluded at any time if it is in the interest of the charity. On the dismissal or exclusion of a member, the latter cannot make claims to any of the charity's assets, possessions or funds no matter the extent or amount of donations and contributions ever made to the charity.

The charity requires that all members believe that all activities of their lives must be guided and directed aright by the Word of God, which is the Bible.

Every member of the charity shall be free to leave the charity at any time.

All Leaders of any kind or occupying whatsoever position shall have a higher requirement and responsibility and must fulfil the following five (5) rules for leadership within the charity. They must: -

  1. Be unambiguous bona fide born again Christians;

  2. Be filled with the Holy Ghost and speak in Tongues;

  3. Demonstrate a character above reproach;

  4. Believe in and adhere to the Founding Ideals, viz. the Vision, Doctrines, Principles, Philosophy, Practices, Standards, and Spirit of the Ministry of the charity, and

  5. Have unflinching loyalty to the charity.

The charity aims to achieve its objective of preaching the Word of God through regular Sunday church meetings as well as two mid-week services. This was not possible from 1 September 2020 until 31 March 2021 during which time the government required all places of worship to close due to the coronavirus pandemic.

Live in-person meetings and services recommenced from 1 April 2021. In accordance with government coronavirus guidelines these meetings were subject to pre-booking, limitations on numbers attending, special seating arrangements and stringent hygiene protocols.

Also in keeping with government guidelines there are special one-off programmes such as conventions where visiting ministers are invited to preach and minister the Word of God. Members are also trained to live morally upright lives and be good examples in the communities in which they live.

The charity serves to provide a means through which people can seek God and lead lives based on sound Christian doctrine.

The main church has a choir that spreads the Gospel of Jesus Christ through Gospel concerts and singing during regular Church services.

Page 3

THE LIGHTHOUSE CHAPEL INTERNATIONAL

Report of the Trustees for the Year Ended 31 August 2021

OBJECTIVES AND ACTIVITIES

Pastoral care coordinators continue to offer one-on-one support and counselling to members and non-members of the church. These range from marriage counselling to dealing with bereavement, finding life partners, issues of abandonment and abuse, depression, illnesses, old age, debt, children, spiritual guidance and prayer. The tele-pastoring team also provide immediate confidential prayer support to both members and non-members. This makes a huge difference in the lives of many of the most vulnerable members. During the pandemic tele-pastoring efforts have greatly increased to support members who have lost relatives and are caring for sick family members. Tele-pastors are on hand who have made calls on a daily basis throughout the pandemic.

During the period under review up until 31 March 2021, two services were held each week (Sundays and Wednesday) using zoom and Facebook Live with watch parties. During offering time, the bank details are projected and congregants give their offerings via online banking. We have maintained our on-line services alongside in-person services.

The Youth group continues to bring the life changing message of Jesus Christ to the young people in the various councils. The youth have set up 'Wacenters', which is a coined word for WhatsApp groups, which has continued to thrive.

The Remember The Poor ministry has now resumed. The ministry continues praying for the homeless in groups throughout the week.

STRATEGIC REPORT

Principal funding sources

The charity is maintained and operated by means of contributions from members, private individuals, organisations or associations that share the objectives and aspirations of the charity and from revenues derived from its assets or business. All donations and contributions are non-refundable and shall be disbursed as the trustees see fit.

Investment policy and objectives

The trustees are of the opinion that the performance of the charity from a financial standpoint is in line with their expectations and plans for the charity.

The trustees are pleased with the performance of the investment properties during the year under review.

The charity does not currently analyse its funds into different classes or categories. All the funds are maintained in a single general fund.

Page 4

THE LIGHTHOUSE CHAPEL INTERNATIONAL

Report of the Trustees for the Year Ended 31 August 2021

STRATEGIC REPORT

Future plans

The trustees plan to grow the membership from its present level and will continue to focus on refining and developing existing operations to the highest possible standards.

Regarding the financial position of the charity, the trustees are pleased both at the balance sheet date and at the date of the trustees' report. The outlook for the continued operations of the charity remains good.

The Trustees confirm that in their opinion: -

Adequate assets are available to fulfil the obligations of the charity, having regard to any likely delays or shortfalls in realising assets into cash.

No commitments or guarantees have been undertaken, other than those disclosed in the accounts.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The governing document of the charity is the Memorandum and Articles of Association of the company, limited by guarantee 'The Lighthouse Chapel International'.

Organisational structure

The charity is managed and controlled by the trustees, who are also members of the Council of Management as described in the governing document. Currently all trustees are also directors of the company limited by guarantee.

Trustees meet at least four times a year to make management and policy decisions.

Related parties

The trustees are of the opinion that no related party transactions took place during the year under review.

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of The Lighthouse Chapel International 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 Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

Page 5

THE LIGHTHOUSE CHAPEL INTERNATIONAL

Report of the Trustees for the Year Ended 31 August 2021

STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

AUDITORS

The auditors, Muhammad Imran Ashraf, will be proposed for re-appointment at the forthcoming Annual General Meeting.

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 11 May 2022 and signed on the board's behalf by:

J Baiden - Trustee

Page 6

Report of the Independent Auditors to the Members of The Lighthouse Chapel International

Opinion

We have audited the financial statements of The Lighthouse Chapel International (the 'charitable company') for the year ended 31 August 2021 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section 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 responsibilities 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 relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Page 7

Report of the Independent Auditors to the Members of The Lighthouse Chapel International

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify 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 information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

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 identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Page 8

Report of the Independent Auditors to the Members of The Lighthouse Chapel International

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from 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 economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We obtained an understanding of the legal and regulatory frameworks that are applicable to the charity and determined that the most significant are those that relate to:

Based on the results of our risk assessment we designed our audit procedures to identify non-compliance with such laws and regulations identified above.

We assessed the risks of material misstatement in respect of fraud by enquiry of:

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Page 9

Report of the Independent Auditors to the Members of The Lighthouse Chapel International

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 members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Muhammad Imran Ashraf (Senior Statutory Auditor) for and on behalf of Sigma Chartered Certified Registered Auditors Kelvin House Kelvin Way Crawley West Sussex R10 9WE

11 May 2022

Sigma Accountants Limited

Page 10

THE LIGHTHOUSE CHAPEL INTERNATIONAL

Statement of Financial Activities for the Year Ended 31 August 2021

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Investment income
3
Total
EXPENDITURE ON
Raising funds
4
Charitable activities
5
Kenya Church Building
Bogoso Church Building
Sefwi Essam Gable and Trusse Church
Building
Nkwanta Church Building
Anagkazo projects in Mampong
Healing Jesus Crusade
Caribbean Missions
First Love Church
Eldoret Tala and Ruaraka
United Denomination Originating from the
Lighthouse Group of Churches
Total
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 2021
Unrestricted
fund
£
1,136,037
69,129
1,205,166
706,630
112,044
-
-
-
-
-
19,121
300,000
91,310
22,862
1,251,967
(46,801)
4,697,388
4,650,587		 2020
Total
funds
£
1,918,352
94,349
2,012,701
1,026,642
-
10,277
7,401
13,085
1,045,001
787
13,899
5,000
-
-
2,122,092
(109,391)
4,806,779
4,697,388

The notes form part of these financial statements

Page 11

THE LIGHTHOUSE CHAPEL INTERNATIONAL

Balance Sheet 31 August 2021

Notes
FIXED ASSETS
Tangible assets
11
Investment property
12
CURRENT ASSETS
Debtors
13
Cash at bank
CREDITORS
Amounts falling due within one year
14
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
15
Unrestricted funds
TOTAL FUNDS		 2021
Unrestricted
fund
£
2,069,135
1,911,999
3,981,134
57,000
635,040
692,040
(22,587)
669,453
4,650,587
4,650,587
4,650,587
4,650,587		 2020
Total
funds
£
2,123,733
1,911,999
4,035,732
57,000
621,456
678,456
(16,800)
661,656
4,697,388
4,697,388
4,697,388
4,697,388

The financial statements were approved by the Board of Trustees and authorised for issue on 11 May 2022 and were signed on its behalf by:

J Baiden - Trustee

The notes form part of these financial statements

Page 12

THE LIGHTHOUSE CHAPEL INTERNATIONAL

Cash Flow Statement for the Year Ended 31 August 2021

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash provided by/(used in) operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Interest received
Net cash used in investing activities
Change in cash and cash equivalents
in the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end
of the reporting period		 2021
£
44,903
44,903
(31,323)
4
(31,319)
13,584
621,456
635,040		 2020
£
(31,978)
(31,978)
(41,083)
73
(41,010)
(72,988)
694,444
621,456

The notes form part of these financial statements

Page 13

THE LIGHTHOUSE CHAPEL INTERNATIONAL

Notes to the Cash Flow Statement for the Year Ended 31 August 2021

1. RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING
ACTIVITIES
2021 2020
£ £
Net expenditure for the reporting period (as per the Statement
of Financial Activities) (46,801) (109,391)
Adjustments for:
Depreciation charges 85,921 78,134
Interest received (4) (73)
Decrease in debtors - 871
Increase/(decrease) in creditors 5,787 (1,519)
Net cash provided by/(used in) operations 44,903 (31,978)

2. ANALYSIS OF CHANGES IN NET FUNDS

At 1.9.20 Cash flow At 31.8.21
£ £ £
Net cash
Cash at bank 621,456 13,584 635,040
621,456 13,584 635,040
Total 621,456 13,584 635,040

The notes form part of these financial statements

Page 14

THE LIGHTHOUSE CHAPEL INTERNATIONAL

Notes to the Financial Statements for the Year Ended 31 August 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Tangible fixed assets

Tangible fixed assets are stated at the lower of cost and net realisable value. Depreciation is normally provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life as follows:

Fixtures, fittings and equipment - 25% Reducing balance

Freehold land and buildings - Depreciated over a useful life not exceeding 50 years

Investment property

Investment property is shown at fair value.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Page 15

continued...

THE LIGHTHOUSE CHAPEL INTERNATIONAL

Notes to the Financial Statements - continued for the Year Ended 31 August 2021

1. ACCOUNTING POLICIES - continued

Fund accounting

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2. DONATIONS AND LEGACIES

Donations
3.
INVESTMENT INCOME
Rents received
Deposit account interest
4.
RAISING FUNDS
Raising donations and legacies
Support costs		 2021
£
1,136,037
2021
£
69,125
4
69,129
2021
£
706,630		 2020
£
1,918,352		 2020
£
1,918,352
2020
£
94,276
73
94,349
2020
£
1,026,642		 2020
£
94,276
73
94,349

Page 16

continued...

THE LIGHTHOUSE CHAPEL INTERNATIONAL

Notes to the Financial Statements - continued for the Year Ended 31 August 2021

5. CHARITABLE ACTIVITIES COSTS

CHARITABLE ACTIVITIES COSTS
Grant
funding of
activities
(see note
6)
£
Kenya Church Building 112,044
Caribbean Missions 19,121
First Love Church 300,000
Eldoret Tala and Ruaraka 91,310
United Denomination Originating
from the Lighthouse Group of
Churches 22,862
545,337

6. GRANTS PAYABLE

Kenya Church Building
Bogoso Church Building
Sefwi Essam Gable and Trusse Church Building
Nkwanta Church Building
Anagkazo projects in Mampong
Healing Jesus Crusade
Caribbean Missions
First Love Church
Eldoret Tala and Ruaraka
United Denomination Originating from the Lighthouse Group of
Churches		 2021
£
112,044
-
-
-
-
-
19,121
300,000
91,310
22,862
545,337		 2020
£
-
10,277
7,401
13,085
1,045,001
787
13,899
5,000
-
-
1,095,450

continued...

Page 17

THE LIGHTHOUSE CHAPEL INTERNATIONAL

Notes to the Financial Statements - continued for the Year Ended 31 August 2021

7. SUPPORT COSTS

SUPPORT COSTS
Management Finance Totals
£ £ £
Raising donations and legacies 705,842 788 706,630

8. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2021 2020
£ £
Depreciation - owned assets 85,921 78,134

9. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 August 2021 nor for the year ended 31 August 2020.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 August 2021 nor for the year ended 31 August 2020.

10. STAFF COSTS

Wages and salaries
Other pension costs		 2021
£
377,283
6,383
383,666		 2020
£
325,710
5,939
331,649

The average monthly number of employees during the year was as follows:

Ministry
Administrative		 2021
1
5
6		 2020
1
5
6

continued...

Page 18

THE LIGHTHOUSE CHAPEL INTERNATIONAL

Notes to the Financial Statements - continued for the Year Ended 31 August 2021

10. STAFF COSTS - continued

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

£60,001 - £70,000
£90,001 - £100,000
£100,000 - £110,000		 2021
2
-
1
3		 2020
-
1
-
1

11. TANGIBLE FIXED ASSETS

COST
At 1 September 2020
Additions
At 31 August 2021
DEPRECIATION
At 1 September 2020
Charge for year
At 31 August 2021
NET BOOK VALUE
At 31 August 2021
At 31 August 2020		 Freehold
property
£
1,461,895
-
1,461,895
87,714
29,823
117,537
1,344,358
1,374,181		 Improvements
to
Plant and
property
machinery
£
£
641,842
297,109
-
12,610
641,842
309,719
36,972
171,590
12,097
34,532
49,069
206,122
592,773
103,597
604,870
125,519

continued...

Page 19

THE LIGHTHOUSE CHAPEL INTERNATIONAL

Notes to the Financial Statements - continued for the Year Ended 31 August 2021

11. TANGIBLE FIXED ASSETS - continued

COST
At 1 September 2020
Additions
At 31 August 2021
DEPRECIATION
At 1 September 2020
Charge for year
At 31 August 2021
NET BOOK VALUE
At 31 August 2021
At 31 August 2020
12.
INVESTMENT PROPERTY
FAIR VALUE
At 1 September 2020
and 31 August 2021
NET BOOK VALUE
At 31 August 2021
At 31 August 2020		 Fixtures
and
fittings
£
20,718
18,713
39,431
15,782
5,912
21,694
17,737
4,936		 Motor
vehicles
£
18,970
-
18,970
4,743
3,557
8,300
10,670
14,227		 Totals
£
2,440,534
31,323
2,471,857
316,801
85,921
402,722
2,069,135
2,123,733
£
1,911,999
1,911,999
1,911,999

continued...

Page 20

THE LIGHTHOUSE CHAPEL INTERNATIONAL

Notes to the Financial Statements - continued for the Year Ended 31 August 2021

13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Prepayments
14.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Social security and other taxes
Pension contributions payable
Accrued expenses
15.
MOVEMENT IN FUNDS
At 1.9.20
£
Unrestricted funds
General fund
4,697,388
TOTAL FUNDS
4,697,388
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
1,205,166
TOTAL FUNDS
1,205,166		 2021
£
57,000
2021
£
11,134
1,468
9,985
22,587
Net
movement
in funds
£
(46,801)
(46,801)
Resources
expended
£
(1,251,967)
(1,251,967)		 2020
£
57,000
2020
£
8,242
-
8,558
16,800
At
31.8.21
£
4,650,587
4,650,587
Movement
in funds
£
(46,801)
(46,801)

continued...

Page 21

THE LIGHTHOUSE CHAPEL INTERNATIONAL

Notes to the Financial Statements - continued for the Year Ended 31 August 2021

15. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
TOTAL FUNDS
Comparative net movement in funds, included in the above
Unrestricted funds
General fund
TOTAL FUNDS		 At 1.9.19
£
4,806,779
4,806,779
are as follows:
Incoming
resources
£
2,012,701
2,012,701		 Net
movement
in funds
£
(109,391)
(109,391)

Resources
expended
£
(2,122,092)
(2,122,092)		 At
31.8.20
£
4,697,388
4,697,388
Movement
in funds
£
(109,391)
(109,391)

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
TOTAL FUNDS		 At 1.9.19
£
4,806,779
4,806,779		 Net
movement
in funds
£
(156,192)
(156,192)		 At
31.8.21
£
4,650,587
4,650,587

continued...

Page 22

THE LIGHTHOUSE CHAPEL INTERNATIONAL

Notes to the Financial Statements - continued for the Year Ended 31 August 2021

15. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
TOTAL FUNDS		 Incoming
resources
£
3,217,867
3,217,867		 Resources
expended
£
(3,374,059)
(3,374,059)		 Movement
in funds
£
(156,192)
(156,192)

16. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 August 2021.

17. ANALYSIS OF FUNDS

£

Realised funds 2,941,676 Revaluation reserve 44,000 ____

Total funds 2,985,676

Page 23

THE LIGHTHOUSE CHAPEL INTERNATIONAL

Detailed Statement of Financial Activities for the Year Ended 31 August 2021

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Investment income
Rents received
Deposit account interest
Total incoming resources
EXPENDITURE
Charitable activities
Grants to institutions
Support costs
Management
Wages and salaries including social
security
Pensions
Rates
Insurance
Light, heat and water
Postage and Telephone
Legal and professional
Sundry expenses
ICT
Audit fee
Accountancy fee
Ministry and evangelism
Repairs and maintenance
Rent
Freehold property
Improvements to property
Plant and machinery
Equipment
Carried forward		 2021
£
1,136,037
69,125
4
69,129
1,205,166
545,337
377,283
6,383
5,032
8,756
18,530
1,853
14,741
158
1,026
2,800
7,185
33,926
115,748
26,500
29,823
12,097
34,532
5,912
702,285		 2020
£
1,918,352
94,276
73
94,349
2,012,701
1,095,450
325,710
5,939
1,860
5,532
21,280
1,571
15,087
155
1,789
2,400
6,158
503,949
21,348
21,000
29,823
12,344
29,579
1,645
1,007,169

This page does not form part of the statutory financial statements

Page 24

THE LIGHTHOUSE CHAPEL INTERNATIONAL

Detailed Statement of Financial Activities for the Year Ended 31 August 2021

Management
Brought forward
Motor vehicles
Finance
Bank charges
Total resources expended
Net expenditure		 2021
£
702,285
3,557
705,842
788
1,251,967
(46,801)		 2020
£
1,007,169
4,743
1,011,912
14,730
2,122,092
(109,391)

This page does not form part of the statutory financial statements

Page 25