Charity number: 1113134
LIGHTHOUSE CHRISTIAN MINISTRIES (UPC)
UNAUDITED
TRUSTEES REPORT AND FINANCIAL STATEMENTS
For the year ended 31 December 2020
LIGHTHOUSE CHRISTIAN MINISTRIES (UPC)
CONTENTS
| 1 | |
|---|---|
| Trustees' report | 2 |
| Accountant's report | 3 |
| Statement of financial activities | 4 |
| Balance sheet | 5 |
| Notes to the financial statement | 6-11 |
LIGHTHOUSE CHRISTIAN MINISTRIES (UPC)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, TRUSTEES AND ADVISERS
| For the year ended 31 December 2020 | |
|---|---|
| Trustees | Rev Emile Austin (Chief Executive) |
| Mr David James | |
| Rev Colin Dowdie | |
| Mrs Edesiri Maureen Eruenah | |
| Charity registered | |
| number | 1113134 |
| Principal office | 253 High Street |
| Stratford | |
| E15 2LS | |
| Secretary | Mrs Coral Cooper |
| Chief executive officer | Rev. E Austin |
| Accountants | M Messam |
Page 1
LIGHTHOUSE CHRISTIAN MINISTRIES (UPC)
TRUSTEES' REPORT
For the year ended 31 December 2020
The trustees submit their annual report and the financial statements of Lighthouse Christian Ministries (UPC) (the charity) for the year ended 31 December 2020. The trustees confirm that the annual report and financial statements of the charity comply with current statutory requirements, the requirements of the charity's governing document and provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" issued in March 2005.
STRUCTURE, GOVERNANCE AND MANAGEMENT
a. Constitution
The principal object of the charity is to (A) advance the christian faith in accordance with the statement of beliefs appearing in the schedule of the declaration of trust in London and in such other parts of the United Kingdom or the world as the trustees may from time to time think fit. To fulfil such other purposes which are exclusively cStratford
with the charitable work of the trust; (B) to relieve persons who are conditions of need or hardship or who aged or sick and to relieve the distress caused thereby in the said location and in such other parts of the United Kingdom or the world as the trustees may from time to time think fit.
PLANS FOR THE FUTURE
Trustees' responsibilities
The Trustees are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Practice applicable to smaller charities.
Law applicable to charities in England/Wales 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 charity and of the surplus or deficit of the charity for that period. In preparing those financial statements the Trustees have:
(a) selected suitable accounting policies and applied them consistently (b) made judgements and estimates that are reasonable and prudent © prepared the financial statements on the going concern basis (unless it is inappropriate to presume that the charity will continue in operation)
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 1993. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the detection and prevention of fraud and other irregularities.
This report was approved by the Trustees on 12th February 2022 and signed on its behalf by:
………………………………… Colin Dowdie
…………………………….. Edesiri Eruenah
Page 2
LIGHTHOUSE CHRISTIAN MINISTRIES (UPC)
INDEPENDENT EXAMINERS REPORT
For the year ended 31 December 2020
INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS
Report to the trustees/members for the year ended 31 December 2020 on the accounts set out on pages 4 to 11.
RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER
As described on page 2 The Trustees are responsible for the preparation of the accounts, and they consider that an audit is not required for this year (under section 43(2) of the Charities Act 1993 (the Act) and that an independent examination is needed. It is my responsibility to:
-
(a) examine the accounts (under section 43(3)(a) of the Act);
-
(b) follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 43(7)(b) of the Act); and
-
© state whethStratford
BASIS OF INDEPENDENT EXAMINER'S STATEMENT
My examination was carried out in accordance with General Directions given by
the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the accounts.
INDEPENDENT EXAMINER'S STATEMENT
In connection with my examination, no matter has come to my attention:
- (1) which gives me reasonable cause to believe that in any material respect the requirements :
to keep accounting records in accordance with section 41 of the 1993 Act; and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Act
have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signed:
Date:
Page 3
LIGHTHOUSE CHRISTIAN MINISTRIES (UPC)
STATEMENT OF FINANCIAL ACTIVITIES
For the year ended 31 December 2020
| Notes INCOMING RESOURCES Incoming resources from generated funds: Voluntary income 2 TOTAL INCOMING RESOURCES RESOURCES EXPENDED Charitable activities 3 Governance costs 4 TOTAL RESOURCES EXPENDED 6 MOVEMENT IN TOTAL FUNDS FOR THE YEAR - NET INCOME (EXPENDITURE) FOR THE YEAR NET INCOMING RESOURCES (less depreciation 8 Total funds at 1 January 2020 13 TOTAL FUNDS AT 31 DECEMBER 2020 |
Unrestricted Funds 2020 £ 66,537 66,537 52,453 1,102 53,556 12,980 8,742 208,172 221,152 |
Total Funds 2019 £ 80,314 |
|---|---|---|
| 80,314 | ||
| 60,127 1,577 |
||
| 61,706 | ||
| 18,609 13,952 208,172 |
||
| 226,781 |
The Statement of Financial Activities includes all gains and losses recognised in the year.
the notes on pages 6 to 11 form part of these financial statements.
Page 4
LIGHTHOUSE CHRISTIAN MINISTRIES (UPC)
BALANCE SHEET
As at 31 December 2020
| Notes FIXED ASSETS Tangible fixed assets 10 CURRENT ASSETS Debtors 11 Cash at bank and in hand CREDITORS:amounts falling due within one year 12 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CHARITY FUNDS Unrestricted funds 13 TOTAL FUNDS |
2020 2019 £ £ 505,091 506,466 28,563 38,528 77,329 60,971 105,892 99,500 (76,155) (79,880) 29,737 19,620 534,828 526,085 534,828 526,085 534,828 526,085 |
2020 2019 £ £ 505,091 506,466 28,563 38,528 77,329 60,971 105,892 99,500 (76,155) (79,880) 29,737 19,620 534,828 526,085 534,828 526,085 534,828 526,085 |
|---|---|---|
| 526,085 | ||
| 526,085 |
The financial statements were approved by the Trustees on 12th February 2022 and signed on their behalf, by:
………………………… …………………………….. C Dowdie E Eruenah
the notes on pages 6 to 11 form part of these financial statements.
Page 5
LIGHTHOUSE CHRISTIAN MINISTRIES (UPC)
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 December 2020
1 ACCOUNTING POLICIES
1.1 BASIS OF PREPARATION OF FINANCIAL STATEMENTS
The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2005). The Financial Statements have been prepared in accordance with the Statement of Recommended Practice (SORP),"Accounting and Reporting by Charities" published in March 2005 and applicable accounting.
1.2 FUND ACCOUNTING
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
1.3 INCOMING RESOURCES
All income resources are included in the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Gifts in kind donated for distribution are included at valuation and recognised as income when they are sold . Donated facilities are included at the value to the charity where this can be quantified and a third party is bearing the cost. No amounts are included in the financial statements for services donated by volunteers
Donated services or facilities, which comprise donated services, are included in income at a valuation which is an estimate of the financial cost borne by the donor where such a cost is quantifiable and measurable. No income is recognised where there is no financial cost borne by a third party.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
1.4 RESOURCES EXPENDED
All expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to particular activities they have been allocated on a basis consistent with the use of the resources.
Fund-raising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information is support of the charitable activities. Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management carried out at Headquarters. Management and administration costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.
Page 6
LIGHTHOUSE CHRISTIAN MINISTRIES (UPC)
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 December 2020
1 ACCOUNTING POLICIES (continued)
1.5 TANGIBLE FIXED ASSETS AND DEPRECIATION
All assets costing more than £xxx are capitalised
The policy with respect to impairment reviews of fixed assets is…
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Freehold property | - | 0% | |
|---|---|---|---|
| Plant & machinery | - | 25% | reducing balance |
| Motor vehicles | - | 20% | reducing balance |
| Computer equipment | - | 25% | reducing balance |
| Other fixed assets | - | 25% | reducing balance |
2. VOLUNTARY INCOME
| Donations EXPENDITURE BY CHARITABLE ACTIVITY SUMMARY BY FUND TYPE Staff & Other Support Costs Training & Conference Cost Subtotal charitable activities Rent & office expenses |
Unrestrict ed Funds 2020 £ 66,537 Unrestrict ed Funds 2020 £ 50,350 2,103 52,453 1,102 53,555 |
Total 2019 £ 80,314 |
|---|---|---|
| Total 2019 £ 50,903 9,224 |
||
| 60,127 1,577 |
||
| 61,705 |
3. EXPENDITURE BY CHARITABLE ACTIVITY
Page 7
LIGHTHOUSE CHRISTIAN MINISTRIES (UPC)
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 December 2020
3 EXPENDITURE BY CHARITABLE ACTIVITY (continued)
SUMMARY BY EXPENDITURE TYPE
| Staff & Other Support Costs Training & Conference Costs Subtotal charitable activities Rent & office costs |
Staff costs 2020 £ 26,008 - 26,008 - 26,008 |
Other Costs 2020 24,342 2,103 26,445 1,102 27,547 |
Total 2020 £ 50,350 2,103 52,453 1,102 53,555 |
Total 2019 £ 50,903 9,224 |
|---|---|---|---|---|
| 60,127 1,577 |
||||
| 61,705 |
4. GOVERNANCE COST
| Rent Office cost & Service charge |
Unrestrict ed Funds 2019 £ 0 1,102 1,102 |
Total 2019 £ 0 1,577 |
|---|---|---|
| 1,577 |
5. SUPPORT COSTS
| Ministerial tithes & love offering & missions Subscription, printing & stationery Insurance Bank charges Petrol Vehicle running cost Professional fees Hotel & Car Hire Administrative expenses Loan Interest Paid Wages & salaries Subtotal Other support costs |
Staff & other support cost 2020 £ 11,514 1,632 1,619 8 114 654 900 0 5,709 3,133 24,000 49,283 1,067 50,350 |
Total 2020 £ 11,514 1,632 1,619 8 114 654 900 0 5,709 3,133 24,000 49,283 1,067 50,350 |
Total 2019 £ 10,515 1,484 1,675 0 1,475 1,449 900 0 4,639 3,694 24,000 49,830 1,073 |
|---|---|---|---|
| 50,902 |
Page 8
LIGHTHOUSE CHRISTIAN MINISTRIES (UPC)
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 December 2020
6 ANALYSIS OF RESOURCES EXPENDED BY EXPENDITURE TYPE
| Staff & Other Support Costs Training & Conference Costs Sub-total charitable activities Depreciation Depreciation on Disposal of Asset Loss on Disposal of Asset Rent & office costs |
Staff costs 2020 £ 26,008 - 26,008 - 26,008 |
Office costs 2020 £ 24,342 2,103 26,445 4,238 0 0 1,102 31,785 |
Total 2020 £ 50,350 2,103 52,453 4,238 0 0 1,102 57,793 |
Total 2019 £ 50,903 9,224 |
|---|---|---|---|---|
| 60,127 4,657 0 0 1,577 |
||||
| 66,362 |
7. ANALYSIS OF RESOURCES EXPENDED BY ACTIVITIES
| Staff & Other Support Costs Training & Conference Costs Sub-total charitable activities |
Support costs 2020 £ 50,350 2,103 52,453 |
Total 2020 £ 50,350 2,103 52,453 |
Total 2019 £ 50,903 9,224 |
|---|---|---|---|
| 60,127 |
8. NET INCOMING RESOURCES/(RESOURCES EXPENDED)
| 2020 | 2019 | |
|---|---|---|
| £ | £ | |
| Depreciation of tangible Fixed assets | ||
| -owned by the charity | 4,238 | 4,657 |
| Governance internal audit costs | - | - |
During the year, no Trustees received any benefits in kind (2020- £NIL). During the year, no Trustees received any reimbursement of expenses (2020- £NIL).
Page 9
LIGHTHOUSE CHRISTIAN MINISTRIES (UPC)
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 December 2020
Staff costs were as follows:
| Wages and salaries Social security costs Sub-total charitable activities The average monthly number of employees during the year were |
2020 £ 24,000 2,008 26,008 as follows: 2020 No. 0 |
2019 £ 24,000 1,381 |
|---|---|---|
| 25,381 | ||
| 2019 No. |
||
| 0 |
No employee received remuneration amounting to more than £50,000 in either year.
10. TANGIBLE FIXED ASSETS
| COST At 1 January 2020 Additions Disposals As at 31 December 2020 DEPRECIATION At 1 January 2020 At 31 December 2020 Disposal NET BOOK VALUE At 31 December 2020 At 31 December 2019 |
Land & building £ 491,886 0 0 491,886 - - - 0 491,886 491,886 |
Plant & machinery £ 13,250 2,112 15,362 11,581 945 0 12,526 2,836 1,670 |
Motor vehicles £ 6,000 0 0 6,000 3,542 492 0 4,034 1,966 2,458 |
Furniture, fittings & equipment £ 33,367 750 34,117 22,913 2,801 - 25,714 8,403 10,454 |
Other fixed assets £ 0 0 0 0 0 - 0 0 0 |
Total £ 544,503 2,862 0 |
|---|---|---|---|---|---|---|
| 547,365 | ||||||
| 38,036 4,238 0 |
||||||
| 42,274 505,091 |
||||||
| 506,467 |
Page 10
LIGHTHOUSE CHRISTIAN MINISTRIES (UPC)
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 December 2020
| DUE AFTER MORE THAN ONE YEAR Trade debtors DUE WITHIN ONE YEAR Other debtors Prepayments and accrued income 12. CREDITORS AMOUNTS FALLING DUE WITHIN ONE YEAR Bank loans and overdrafts Trade creditors Social security and other taxes Other creditors Accruals and deferred income 13. STATEMENT OF FUNDS UNRESTRICTED FUNDS General Fund 2 General Reserve |
Brought forward £ 208,172 317,915 526,087 Brought forward £ 527,219 |
2020 0 20,308 8,255 28,563 2020 £ 72,690 0 2,008 0 1,457 76,155 Incoming resources £ 0 66,537 66,537 Incoming resources £ 66,537 |
2019 0 19,458 19,070 |
Carried Forward £ 208,172 326,658 |
|---|---|---|---|---|
| 38,528 | ||||
| 2019 £ 77,166 0 1,381 0 1,333 79,880 Resources expended £ 0 57,793 57,793 Resources expended £ 57,793 |
||||
| 534,828 | ||||
| Carried Forward £ 534,828 |
14. PRIOR YEAR ADJUSTMENT
There were no prior year adjustment
Page 11