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← The Lighthouse Chapel International

2024-08-31-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 2024

for

THE LIGHTHOUSE CHAPEL INTERNATIONAL

THE LIGHTHOUSE CHAPEL INTERNATIONAL

Contents of the Financial Statements for the Year Ended 31 August 2024

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 22
Detailed Statement of Financial Activities 23 to 24

THE LIGHTHOUSE CHAPEL INTERNATIONAL

Reference and Administrative Details for the Year Ended 31 August 2024

TRUSTEES

J Baiden

E Ansa - Asamoah Mrs A Rodman-Tay Director (appointed 21.9.23)

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 2024

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 2024. 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 2024

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.

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.

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.

Page 3

THE LIGHTHOUSE CHAPEL INTERNATIONAL

Report of the Trustees for the Year Ended 31 August 2024

OBJECTIVES AND ACTIVITIES

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

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

The Prison Ministry makes weekly visits to prisons for preaching and fellowship.

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.

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.

Page 4

THE LIGHTHOUSE CHAPEL INTERNATIONAL

Report of the Trustees for the Year Ended 31 August 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT

Related parties

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

Engagement with suppliers, customers and others

Using the original teachings of Jesus the charity seeks to enable relief from physical, mental and spiritual suffering. Complete and balanced development of mind body and soul resulting from Christian Fellowship and communion will ensure that members and the wider community will continue to benefit from the positive impact of the charity in their lives for the years to come.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The trustees continue to work closely with the auditors and accountants to ensure that the charity is well run and managed. The trustees are pleased with the organisation and management of the charity.

The trustees are pleased with the management and control of the charity; the management team has been in place for the last 21 years.

Sound management has enabled the charity to advance the Christian Religion and engage in humanitarian work that continues to have myriad positive impacts on many lives.

The beneficial effects of the charitable activities are far reaching - beyond the membership and the wider community and into the world at large.

Tried and tested methods based on sound traditional values continue to bear fruit.

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

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.

Page 5

THE LIGHTHOUSE CHAPEL INTERNATIONAL

Report of the Trustees for the Year Ended 31 August 2024

STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued

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 26 May 2025 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 2024 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.

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.

Page 7

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

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

26 May 2025

Sigma Accountants Limited

Page 10

THE LIGHTHOUSE CHAPEL INTERNATIONAL

Statement of Financial Activities for the Year Ended 31 August 2024

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Investment income
3
Other income
Total
EXPENDITURE ON
Raising funds
4
Charitable activities
5
Pentecostal World Fellowship Gift
Anagkazo Bible and Ministry Training Centre
Volta and Northern Missions and Evangelistic
Campaigns
Total
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 2024
Unrestricted
fund
£
1,279,045
91,424
5,504
1,375,973
1,102,694
2,003
176,392
100,000
1,381,089
(5,116)
4,428,833
4,423,717		 2023
Total
funds
£
1,131,178
118,465
-
1,249,643
1,104,678
2,052
134,907
-
1,241,637
8,006
4,420,827
4,428,833

The notes form part of these financial statements

Page 11

THE LIGHTHOUSE CHAPEL INTERNATIONAL

Balance Sheet 31 August 2024

Notes
FIXED ASSETS
Tangible assets
11
Investment property
12
CURRENT ASSETS
Cash at bank
CREDITORS
Amounts falling due within one year
13
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
CREDITORS
Amounts falling due after more than one year
14
NET ASSETS
FUNDS
15
Unrestricted funds
TOTAL FUNDS		 2024
Unrestricted
fund
£
1,957,723
1,911,999
3,869,722
582,284
(28,289)
553,995
4,423,717
-
4,423,717
4,423,717
4,423,717		 2023
Total
funds
£
2,042,545
1,911,999
3,954,544
507,545
(33,238)
474,307
4,428,851
(18)
4,428,833
4,428,833
4,428,833

The financial statements were approved by the Board of Trustees and authorised for issue on 26 May 2025 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 2024

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Sale 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		 2024
£
77,059
77,059
(14,300)
11,506
474
(2,320)
74,739
507,545
582,284		 2023
£
113,259
113,259
(21,308)
-
388
(20,920)
92,339
415,206
507,545

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 2024

1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

OPERATING ACTIVITIES
Net (expenditure)/income for the reporting period (as per the
Statement of Financial Activities)
Adjustments for:
Depreciation charges
Profit on disposal of fixed assets
Interest received
Decrease in creditors
Net cash provided by operations		 2024
£
(5,116)
93,120
(5,504)
(474)
(4,967)
77,059		 2023
£
8,006
106,236
-
(388)
(595)
113,259

2.

ANALYSIS OF CHANGES IN NET FUNDS

At 1.9.23 Cash flow At 31.8.24
£ £ £
Net cash
Cash at bank 507,545 74,739 582,284
507,545 74,739 582,284
Total 507,545 74,739 582,284

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 2024

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.

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

Page 15

continued...

THE LIGHTHOUSE CHAPEL INTERNATIONAL

Notes to the Financial Statements - continued for the Year Ended 31 August 2024

1. ACCOUNTING POLICIES - continued

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
5.
CHARITABLE ACTIVITIES COSTS
Pentecostal World Fellowship Gift
Anagkazo Bible and Ministry Training
Centre
Volta and Northern Missions and
Evangelistic Campaigns		 2024
£
1,279,045
2024
£
90,950
474
91,424
2024
£
1,102,694		 2023
£
1,131,178
2023
£
118,077
388
118,465
2023
£
1,104,678
Grant
funding of
activities
(see note
6)
£
2,003
176,392
100,000
278,395

Page 16

continued...

THE LIGHTHOUSE CHAPEL INTERNATIONAL

Notes to the Financial Statements - continued for the Year Ended 31 August 2024

6. GRANTS PAYABLE

GRANTS PAYABLE
Pentecostal World Fellowship Gift
Anagkazo Bible and Ministry Training Centre
Volta and Northern Missions and Evangelistic Campaigns		 2024
£
2,003
176,392
100,000
278,395		 2023
£
2,052
134,907
-
136,959

7. SUPPORT COSTS

Management Finance Totals
£ £ £
Raising donations and legacies 1,102,053 641 1,102,694

8. NET INCOME/(EXPENDITURE)

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

2024 2023
£ £
Depreciation - owned assets 93,120 106,236
Surplus on disposal of fixed assets (5,504) -

9. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 August 2024 nor for the year ended 31 August 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 August 2024 nor for the year ended 31 August 2023.

continued...

Page 17

THE LIGHTHOUSE CHAPEL INTERNATIONAL

Notes to the Financial Statements - continued for the Year Ended 31 August 2024

10. STAFF COSTS

STAFF COSTS
Wages and salaries
Other pension costs		 2024
£
438,106
7,154
445,260		 2023
£
414,478
6,799
421,277

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

Ministry
Administrative		 2024
1
5
6		 2023
1
5
6

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

£60,001 - £70,000
£100,000 - £110,000		 2024
2
1
3		 2023
2
1
3

continued...

Page 18

THE LIGHTHOUSE CHAPEL INTERNATIONAL

Notes to the Financial Statements - continued for the Year Ended 31 August 2024

11. TANGIBLE FIXED ASSETS

COST
At 1 September 2023
Additions
Disposals
At 31 August 2024
DEPRECIATION
At 1 September 2023
Charge for year
Eliminated on disposal
At 31 August 2024
NET BOOK VALUE
At 31 August 2024
At 31 August 2023
COST
At 1 September 2023
Additions
Disposals
At 31 August 2024
DEPRECIATION
At 1 September 2023
Charge for year
Eliminated on disposal
At 31 August 2024
NET BOOK VALUE
At 31 August 2024
At 31 August 2023		 Freehold
property
£
1,461,895
-
-
1,461,895
177,183
29,238
-
206,421
1,255,474
1,284,712
Fixtures
and
fittings
£
73,320
3,600
-
76,920
44,280
8,160
-
52,440
24,480
29,040		 Improvements
to
property
£
641,842
-
-
641,842
74,741
12,837
-
87,578
554,264
567,101
Motor
vehicles
£
18,970
-
(18,970)
-
12,968
-
(12,968)
-
-
6,002		 Plant and
machinery
£
482,198
10,700
-
492,898
326,508
42,885
-
369,393
123,505
155,690
Totals
£
2,678,225
14,300
(18,970)
2,673,555
635,680
93,120
(12,968)
715,832
1,957,723
2,042,545

continued...

Page 19

THE LIGHTHOUSE CHAPEL INTERNATIONAL

Notes to the Financial Statements - continued for the Year Ended 31 August 2024

12. INVESTMENT PROPERTY

12.
INVESTMENT PROPERTY
FAIR VALUE
At 1 September 2023
and 31 August 2024
NET BOOK VALUE
At 31 August 2024
At 31 August 2023
13.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
£
Trade creditors
-
Social security and other taxes
12,789
Pension contributions payable
-
Accrued expenses
15,500
28,289
14.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024
£
Other creditors
-
15.
MOVEMENT IN FUNDS
Net
movement
At 1.9.23
in funds
£
£
Unrestricted funds
General fund
4,428,833
(5,116)
TOTAL FUNDS
4,428,833
(5,116)		 £
1,911,999
1,911,999
1,911,999
2023
£
5,468
11,002
1,268
15,500
33,238
2023
£
18
At
31.8.24
£
4,423,717		 2023
£
5,468
11,002
1,268
15,500
33,238
2023
£
18
4,423,717

continued...

Page 20

THE LIGHTHOUSE CHAPEL INTERNATIONAL

Notes to the Financial Statements - continued for the Year Ended 31 August 2024

15. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
TOTAL FUNDS
Comparative net movement in funds, included in the above are
Unrestricted funds
General fund
TOTAL FUNDS		 Incoming
resources
£
1,375,973
1,375,973
At 1.9.22
£
4,420,827
4,420,827
as follows:
Incoming
resources
£
1,249,643
1,249,643		 Resources
expended
£
(1,381,089)
(1,381,089)
Net
movement
in funds
£
8,006
8,006
Resources
expended
£
(1,241,637)
(1,241,637)		 Movement
in funds
£
(5,116)
(5,116)
At
31.8.23
£
4,428,833
4,428,833
Movement
in funds
£
8,006
8,006

continued...

Page 21

THE LIGHTHOUSE CHAPEL INTERNATIONAL

Notes to the Financial Statements - continued for the Year Ended 31 August 2024

15. MOVEMENT IN FUNDS - continued

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

Unrestricted funds
General fund
TOTAL FUNDS
A current year 12 months and prior year 12 months combined
are as follows:
Unrestricted funds
General fund
TOTAL FUNDS		 Net
movement
At
At 1.9.22
in funds
31.8.24
£
£
£
4,420,827
2,890
4,423,717
4,420,827
2,890
4,423,717
net movement in funds, included in the abo
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
2,625,616
(2,622,726)
2,890
2,625,616
(2,622,726)
2,890

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

16. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 August 2024.

17. ANALYSIS OF FUNDS

£

Realised funds 2,941,676 Revaluation reserve 44,000 ____ Total funds 2,985,676

Page 22

THE LIGHTHOUSE CHAPEL INTERNATIONAL

Detailed Statement of Financial Activities for the Year Ended 31 August 2024

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Investment income
Rents received
Deposit account interest
Other income
Gain on sale of tangible fixed assets
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
ICT
Audit fee
Accountancy fee
Ministry and evangelism
Repairs and maintenance
Rent
Freehold property
Improvements to property
Plant and machinery
Carried forward		 2024
£
1,279,045
90,950
474
91,424
5,504
1,375,973
278,395
438,106
7,154
7,281
6,703
22,524
2,154
61,033
3,564
4,500
11,000
230,254
178,720
35,940
29,238
12,837
42,885
1,093,893		 2023
£
1,131,178
118,077
388
118,465
-
1,249,643
136,959
414,478
6,799
6,051
7,908
33,103
3,564
37,550
3,353
4,500
11,000
168,425
272,600
28,474
29,823
12,836
51,896
1,092,360

This page does not form part of the statutory financial statements

Page 23

THE LIGHTHOUSE CHAPEL INTERNATIONAL

Detailed Statement of Financial Activities for the Year Ended 31 August 2024

Management
Brought forward
Equipment
Motor vehicles
Finance
Bank charges
Total resources expended
Net (expenditure)/income		 2024
£
1,093,893
8,160
-
1,102,053
641
1,381,089
(5,116)		 2023
£
1,092,360
9,680
2,001
1,104,041
637
1,241,637
8,006

This page does not form part of the statutory financial statements

Page 24