Charity number: 1113134
LIGHTHOUSE CHRISTIAN MINISTRIES (UPC)
UNAUDITED
TRUSTEES REPORT AND FINANCIAL STATEMENTS
For the year ended 31 December 2022
LIGHTHOUSE CHRISTIAN MINISTRIES (UPC)
CONTENTS
| Page | |
|---|---|
| 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 2022
| Trustees | Rev Emile Austin (Chief Executive) |
|---|---|
| Rev Colin Dowdie | |
| Rev 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 2022
The trustees submit their annual report and the financial statements of Lighthouse Christian Ministries (UPC) (the charity) for the year ended 31 December 2022. 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 charitable according to the law of England and Wales and are connected 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 29 January 2024 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 2022
INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS
Report to the trustees/members for the year ended 31 December 2022 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 2022
| 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 depreciatio 8 Total funds at 1 January 2022 13 TOTAL FUNDS AT 31 DECEMBER 2022 |
Unrestricted Funds 2022 £ 88,169 88,169 63,432 1,981 65,414 22,755 19,320 208,172 230,927 |
Total Funds 2021 £ 75,357 |
|---|---|---|
| 75,357 | ||
| 58,431 1,328 |
||
| 59,760 | ||
| 15,597 11,400 208,172 |
||
| 223,769 |
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 2022
| 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 |
2022 2021 £ £ 502,505 504,871 44,465 35,953 86,163 77,011 130,628 112,964 (67,584) (71,606) 63,044 41,358 565,550 546,229 565,550 546,229 565,550 546,229 |
2022 2021 £ £ 502,505 504,871 44,465 35,953 86,163 77,011 130,628 112,964 (67,584) (71,606) 63,044 41,358 565,550 546,229 565,550 546,229 565,550 546,229 |
|---|---|---|
| 546,229 | ||
| 546,229 |
The financial statements were approved by the Trustees on 29 January 2024 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 2022
1. ACCOUNTING POLICIES
.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 standards.
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.
.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 2022
1. ACCOUNTING POLICIES (continued)
.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
| VOLUNTARY INCOME | ||
|---|---|---|
| Unrestricte | ||
| d Funds | Total | |
| 2022 | 2021 | |
| £ | £ | |
| Donations | 88,169 | 75,357 |
3. EXPENDITURE BY CHARITABLE ACTIVITY
| Staff & Other Support Costs Training & Conference Cost Subtotal charitable activities Rent & office expenses |
Unrestricte d Funds 2022 £ 57,301 6,132 63,432 1,981 65,414 |
Total 2021 £ 54,724 3,707 |
|---|---|---|
| 58,430 1,328 |
||
| 59,759 |
Page 7
LIGHTHOUSE CHRISTIAN MINISTRIES (UPC)
NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2022
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 2022 £ 25,337 - 25,337 - 25,337 |
Other Costs 2022 £ 31,963 6,132 38,095 1,981 40,076 |
Total 2022 £ 57,301 6,132 63,432 1,981 65,414 |
Total 2021 £ 54,724 3,707 |
|---|---|---|---|---|
| 58,431 1,328 |
||||
| 59,759 |
4. GOVERNANCE COST
| Rent Office cost & Service charge |
Unrestrict ed Funds 2022 £ 0 1,981 1,981 |
Total 2021 £ 0 1,328 |
|---|---|---|
| 1,328 |
5. SUPPORT COSTS
| Ministerial tithes & love offering & missions Subscription, printing & stationery Insurance Bank Charges Petrol Vehicle running cost Professional fees Youth, Homeless Project,Crusades,Sunday School Administrative expenses Wages & Salaries Loan Interest Paid Subtotal Other support costs |
Staff & other support cost 2022 £ 13,373 2,926 1,644 11 1,628 3,308 900 2,642 2,385 24,000 3,419 56,235 1,066 57,301 |
Total 2022 £ 13,373 2,926 1,644 11 1,628 3,308 900 2,642 2,385 24,000 3,419 56,235 1,066 57,301 |
Total 2021 £ 14,826 1,728 1,427 9 440 825 900 0 6,690 24,000 2,815 53,660 1,066 |
|---|---|---|---|
| 54,726 |
Page 8
LIGHTHOUSE CHRISTIAN MINISTRIES (UPC)
NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2022
6. ANALYSIS OF RESOURCES EXPENDED BY EXPENDITURE TYPE
| Staff & Other Support Costs Training & Conference Costs Sub-total charitable activities Depreciation Loss on Disposal of Fixed Asset Rent & office costs |
Staff costs 2022 £ 25,337 - 25,337 - 25,337 |
Office costs 2022 £ 31,963 6,132 38,095 3,435 0 1,981 43,511 |
Total 2022 £ 57,301 6,132 63,432 3,435 0 1,981 68,849 |
Total 2021 £ 54,724 3,707 |
|---|---|---|---|---|
| 58,430 4,197 0 1,328 |
||||
| 63,956 |
7. ANALYSIS OF RESOURCES EXPENDED BY ACTIVITIES
| Staff & Other Support Costs Training & Conference Costs Sub-total charitable activities |
Support costs 2022 £ 57,301 6,132 63,432 |
Total 2022 £ 57,301 6,132 63,432 |
Total 2021 £ 54,724 3,707 |
|---|---|---|---|
| 58,431 |
8. NET INCOMING RESOURCES/(RESOURCES EXPENDED)
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Depreciation of tangible Fixed assets | ||
| -owned by the charity | 3,435 | 4,197 |
| 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).
Page 9
LIGHTHOUSE CHRISTIAN MINISTRIES (UPC)
NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2022
9. STAFF COSTS
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 as follows: |
2022 £ 24,000 1,337 25,337 2022 No. 0 |
2021 £ 24,000 799 |
|---|---|---|
| 24,799 | ||
| 2021 No. |
||
| 0 |
No employee received remuneration amounting to more than £50,000 in either year.
10. TANGIBLE FIXED ASSETS
| COST At 1 January 2022 Additions Disposals As at 31 December 2022 DEPRECIATION At 1 January 2022 and 31 December 2022 Disposal Total Depreciation NET BOOK VALUE At 31 December 2022 At 31 December 2021 |
Land & building £ 491,886 0 0 491,886 - - - 0 491,886 491,886 |
Plant & machinery £ 15,362 1,069 0 16,431 13,235 799 0 14,034 2,397 2,127 |
Motor vehicles £ 6,000 0 0 6,000 4,427 315 0 4,742 1,258 1,573 |
Furniture, fittings & equipment £ 38,094 0 38,094 28,809 2,321 - 31,130 6,964 9,285 |
Other fixed assets £ 0 0 0 0 0 - 0 0 0 |
Total £ 551,342 1,069 0 |
|---|---|---|---|---|---|---|
| 552,411 | ||||||
| 46,471 3,435 0 |
||||||
| 49,906 502,505 |
||||||
| 504,871 |
Page 10
LIGHTHOUSE CHRISTIAN MINISTRIES (UPC)
NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2022
11. DEBTORS
| 11. DEBTORS | ||
|---|---|---|
| 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 |
2022 0 20,708 23,757 44,465 2022 £ 63,894 0 557 173 2,960 67,584 |
2021 0 20,308 15,645 |
| 35,953 2021 £ 68,574 0 799 0 2,233 71,606 |
13. STATEMENT OF FUNDS
| UNRESTRICTED FUNDS General Fund 2 General Reserve At 31 December 2022 |
Brought forward £ 208,172 338,062 546,234 Brought forward £ 546,234 |
Incoming resources £ 0 88,169 88,169 Incoming resources £ 88,169 |
Resources expended £ 0 68,849 68,849 Resources expended £ 68,849 |
Carried Forward £ 208,172 357,382 |
|---|---|---|---|---|
| 565,554 | ||||
| Carried Forward £ 565,554 |
14. PRIOR YEAR ADJUSTMENT
There were no prior year adjustment
Page 11