Charity number: 1113134
LIGHTHOUSE CHRISTIAN MINISTRIES (UPC)
UNAUDITED
TRUSTEES REPORT AND FINANCIAL STATEMENTS
For the year ended 31 December 2021
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 2021 Trustees Rev Emile Austin (Chief Executive) 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
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LIGHTHOUSE CHRISTIAN MINISTRIES (UPC)
TRUSTEES' REPORT
For the year ended 31 December 2021
The trustees submit their annual report and the financial statements of Lighthouse Christian Ministries (UPC) (the charity) for the year ended 31 December 2021. 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 10th February 2022 and signed on its behalf by:
………………………………… Colin Dowdie
…………………………….. Edesiri Eruenah
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LIGHTHOUSE CHRISTIAN MINISTRIES (UPC)
INDEPENDENT EXAMINERS REPORT
For the year ended 31 December 2021
INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS
Report to the trustees/members for the year ended 31 December 2021 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:
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LIGHTHOUSE CHRISTIAN MINISTRIES (UPC)
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 December 2021
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.
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LIGHTHOUSE CHRISTIAN MINISTRIES (UPC)
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 December 2021
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 2021 £ 75,357 Unrestrict ed Funds 2021 £ 54,724 3,707 58,431 1,328 59,759 |
Total 2020 £ 66,537 |
|---|---|---|
| Total 2020 £ 50,350 2,103 |
||
| 52,453 1,102 |
||
| 53,555 |
3. EXPENDITURE BY CHARITABLE ACTIVITY
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LIGHTHOUSE CHRISTIAN MINISTRIES (UPC)
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 December 2021
3 EXPENDITURE BY CHARITABLE ACTIVITY (continued)
SUMMARY BY EXPENDITURE TYPE
| Staff & Other Support Costs Training & Conference Costs Subtotal charitable activities Rent & office costs GOVERNANCE COST Rent Office cost & Service charge |
Staff costs 2021 £ 24,799 - 24,799 - 24,799 |
Other Costs 2021 29,925 3,707 33,632 1,328 34,960 |
Total 2021 £ 54,724 3,707 58,431 1,328 59,759 Unrestrict ed Funds 2021 £ 0 1,328 1,328 |
Total 2020 £ 50,350 2,103 |
|---|---|---|---|---|
| 52,453 1,102 |
||||
| 53,555 | ||||
| Total 2020 £ 0 1,577 |
||||
| 1,577 |
4. GOVERNANCE COST
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 2021 £ 14,826 1,728 1,427 9 440 825 900 0 6,690 2,815 24,000 53,659 1,066 54,724 |
Total 2021 £ 14,826 1,728 1,427 9 440 825 900 0 6,690 2,815 24,000 53,659 1,066 54,724 |
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 |
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LIGHTHOUSE CHRISTIAN MINISTRIES (UPC)
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 December 2021
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 2021 £ 24,799 - 24,799 - 24,799 |
Office costs 2021 £ 29,925 3,707 33,632 4,197 0 0 1,328 39,157 |
Total 2021 £ 54,724 3,707 58,431 4,197 0 0 1,328 63,956 |
Total 2020 £ 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 2021 £ 54,724 3,707 58,431 |
Total 2021 £ 54,724 3,707 58,431 |
Total 2020 £ 50,903 9,224 |
|---|---|---|---|
| 60,127 |
8. NET INCOMING RESOURCES/(RESOURCES EXPENDED)
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Depreciation of tangible Fixed assets | ||
| -owned by the charity | 4,197 | 4,657 |
| Governance internal audit costs | - | - |
During the year, no Trustees received any benefits in kind (2021- £NIL). During the year, no Trustees received any reimbursement of expenses (2021 - £NIL).
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LIGHTHOUSE CHRISTIAN MINISTRIES (UPC)
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 December 2021
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 |
2021 £ 24,000 799 24,799 as follows: 2021 No. 0 |
2020 £ 24,000 1,381 |
|---|---|---|
| 25,381 | ||
| 2020 No. |
||
| 0 |
No employee received remuneration amounting to more than £50,000 in either year.
10. TANGIBLE FIXED ASSETS
| COST At 1 January 2021 Additions Disposals As at 31 December 2021 DEPRECIATION At 1 January 2021 At 31 December 2021 Disposal NET BOOK VALUE At 31 December 2021 At 31 December 2020 |
Land & building £ 491,886 0 0 491,886 - - - 0 491,886 491,886 |
Plant & machinery £ 15,362 15,362 12,526 709 0 13,235 2,127 2,836 |
Motor vehicles £ 6,000 0 0 6,000 4,034 393 0 4,427 1,573 1,966 |
Furniture, fittings & equipment £ 34,117 3,977 38,094 25,714 3,095 - 28,809 9,285 8,403 |
Other fixed assets £ 0 0 0 0 0 - 0 0 0 |
Total £ 547,365 3,977 0 |
|---|---|---|---|---|---|---|
| 551,342 | ||||||
| 42,274 4,197 0 |
||||||
| 46,471 504,871 |
||||||
| 505,091 |
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LIGHTHOUSE CHRISTIAN MINISTRIES (UPC)
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 December 2021
| 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 £ 208,172 326,658 534,830 Brought forward £ 534,830 |
2021 0 20,308 15,645 35,953 2021 £ 68,574 0 799 0 2,233 71,606 Incoming resources £ 0 75,357 75,357 Incoming resources £ 75,357 |
2020 0 20,308 8,255 |
Carried Forward £ 208,172 338,059 |
|---|---|---|---|---|
| 28,563 | ||||
| 2020 £ 72,690 0 2,008 0 1,457 76,155 Resources expended £ 0 63,956 63,956 Resources expended £ 63,956 |
||||
| 546,229 | ||||
| Carried Forward £ 546,229 |
14. PRIOR YEAR ADJUSTMENT
There were no prior year adjustment
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