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2021-03-31-accounts

THE LIGHTHOUSE, ATTLEBOROUGH CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

Page
Report of the Trustees 1 to 2
Independent Examiner’s Report 3
Statement of Financial Activities 4
Balance Sheet 5 to 6
Notes to the Financial Statements 7 to 9
Detailed Statement of Financial Activities 10

THE LIGHTHOUSE, ATTLEBOROUGH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 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 March 2021. The trustees have adopted the provisions of Accounting & 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 2015).

OBJECTIVES & ACTIVITIES

Objectives & Aims

The objectives of the Lighthouse Charity are to relieve sickness and financial hardship, to promote and preserve good healthy provisions of funds, goods or services of any kind, including the provision of counselling and support; to advance education in accordance with Christian principles by such means as the trustees may consider appropriate by means of establishing and operating any educational establishment(s); to provide community facilities for recreational and other leisure time occupation in the interests of social welfare for persons who have need by reason of their youth, poverty or social and economic circumstances with the object of improving their conditions of life in Attleborough, Norfolk and in such parts of the UK or world as the trustees may from time to time see fit and 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 Charity.

At present the Lighthouse runs three main projects in the community; always looking to meet clearly identified needs and working in partnership with other groups. We run a weekly group for parents with young children called ‘Sparklers’ that continues to thrive in our new community venue. ’Ignite’ is our youth project and has run a drop-in centre since November 2008. The project reaches 100 local young people. ‘Treasures’, our outreach to senior citizens, launched in April 2011. Its purpose is to enable those who might be isolated to socialise with others.

The Trustees have taken the time to consider the guidance issued by the Charity Commission on public benefit when reviewing these activities. Throughout all these activities there are opportunities to provide advice, pastoral care and support to local people.

ACHIEVEMENT & PERFORMANCE

Charitable Activities

When the Covid-19 pandemic resulted in the first ‘lockdown” in the UK it seemed that all our social action projects would, necessarily, be paused but our staff and volunteers rose to the challenge. We are truly grateful for their inspired creativity, dedication and hard work which has enabled most of the projects under the ‘Ignite’ project to continue in modified format using the latest technology and for the ‘Treasures’ project, supporting and befriending senior citizens, to provide significant emotional and practical support to some of our community who were even more isolated and concerned as a result of the various restrictions we all were required to follow. ‘Sparklers’ had to be paused but at the time of writing has been restarted, to the delight of the many young families who attend.

We are very pleased with the way our staff and volunteers have responded to the difficult times we have all experienced and we look forward to being able to provide more services and increased support to our community as we move forward.

FINANCIAL REVIEW

Reserves Policy

The Trustees have considered the level of reserves they wish to retain, appropriate to the charity’s needs. A formal policy on reserves has been agreed which states that the reserves be maintained at a level which ensures that Lighthouse, Attleborough’s core activity could continue during a period of unforeseen difficulty and has been set at £6,000 which would cover 6 month’s running costs. This is based on the charity’s size and the level of financial commitments held. The Trustees aim to ensure the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The Trustees will endeavour not to set aside funds unnecessarily.

We are grateful to the Attleborough Town Lands Charity, Paul Bassam Trust, The Bank of England, Norfolk Covid Response, Anne French Trust and the Arnold Clark Trust whose generous giving (along with other gifts) has contributed to the work of the Lighthouse in the last financial year.

Page 1

THE LIGHTHOUSE, ATTLEBOROUGH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

STRUCTURE, GOVERNANCE & MANAGEMENT

Governing Document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006

Recruitment and appointment of new trustees

Trustees are selected by appointment.

REFERENCE & ADMINISTRATIVE DETAILS Registered Company Number

06255300 (England & Wales)

Registered Charity Number

1119983

Registered Office

131 Hargham Road Attleborough Norfolk NR17 2JP

Trustees

Mr J Oyeniyi (Treasurer) Trustee Mr R J Tervet Church Minister Mr J Turner Trustee Mrs R Oyeniyi Trustee

Independent Examiner

InnCount Ltd 5 Worcester Road Norwich Norfolk NR5 0UJ

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by the board of trustees on 25th October and signed on its behalf by:

Mr R J Tervet - Trustee

Page 2

THE LIGHTHOUSE, ATTLEBOROUGH INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES

Independent examiner’s report to the Trustees of The Lighthouse, Attleborough (‘the Company’)

I report to the charity trustees on my examination of the accounts of the company for the year ended 31 March 2021.

Responsibilities and basis of report

As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the Company are not required to be audited under part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner’s statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Laura Van Wyk MICB InnCount Ltd 5 Worcester Road Norwich Norfolk NR5 0UJ

Date: …………………………………………..

Page 3

THE LIGHTHOUSE, ATTLEBOROUGH STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021

Note
s
INCOME & ENDOWMENTS
FROM
Donations & legacies
Total
EXPENDITURE ON
Charitable Activities
Ignite
Sparklers
Treasures
General
Depreciation
Total
NET INCOME/
(EXPENDITURE)
RECONCILIATION OF
FUNDS
Total funds brought
forwards
TOTAL FUNDS CARRIED
FORWARDS		 Unrestricte
d fund
Restricte
d funds
2021
Total
funds
2020
Total
funds
£
£
£
£
12,374
14,500
26,874
29,824
12,374
14,500
26,874
29,824
-
13,873
13,873
21,094
-
-
-
212
-
4,206
4,206
1,337
12,138
-
12,138
4,001
1,602
-
1,602
1,884
13,740
18,079
31,819
28,528
(1,366)
(3,579)
(4,945)
1,296
21,459
4,225
25,684
24,388
20,093
(646)
20,739
25,684

The notes form part of these financial statements

Page 4 THE LIGHTHOUSE, ATTLEBOROUGH BALANCE SHEET AT 31 MARCH 2021

Note
s
FIXED ASSETS
Tangible Assets
6
CURRENT ASSETS
Debtors
8
Cash at bank
CREDITORS
Amounts falling due within
one year
9
NET CURRENT ASSETS
TOTAL ASSETS LESS
CURRENT
LIABILITIES
NET ASSETS
FUNDS		 Unrestricte
d fund
Restricte
d funds
£
£
9,076
-
378
-
4,165
8,126		 2021
Total
funds
2020
Total
funds
£
£
9,076
10,678
378
706
12,291
14,300
(1,006)
-		 25,684
(1,006)
-
3,537
8,126		 11,663
15,006
12,613
8,126		 20,739
25,684
12,613
8,126		 20,739
25,684
12,613
17,060
8,126
8,624
20,739
25,684

The notes form part of these financial statements

Page 5 THE LIGHTHOUSE, ATTLEBOROUGH BALANCE SHEET – CONTINUED AT 31 MARCH 2021

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

These financial statements have been prepared in accordance with the special provisions of part 15 of the Companies Act 2006 relating to charitable small companies.

The financial statements were approved by the Board of Trustees on 25th October and were signed on its behalf by:

Mr R J Tervet – Trustee

The notes form part of these financial statements

Page 6 THE LIGHTHOUSE, ATTLEBOROUGH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 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 & 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 2015)’, Financial Reporting Standard 102 ‘The Financial reporting Standard applicable in in the UK and Republic of Ireland’ and the Companies Act 2006. The financial statements have been prepared under 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 accrual 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.

Tangible Fixed Assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life

Equipment & Furniture - 15% on reducing balance

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 the particular restricted purpose 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.

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. NET INCOME/(EXPENDITURE

Net income/(expenditure) is stated after charging/(crediting): 2021 2020

£ £ Depreciation – owned assets 1,602 1,884

Page 7 THE LIGHTHOUSE, ATTLEBOROUGH NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2021

3. TRUSTEES’ REMUNAERATION AND BENEFITS

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

Trustees’ Expenses

There were no trustees’ expenses for the year ended 31 March 2021 nor for the year ended 31 March 2020.

4. STAFF COSTS

The average monthly number of employees during the year was 3, this was more than at year ended 31 March 2020.

No employees received emoluments in excess of £60,000.

5. COMPARITIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Note
s
INCOME & ENDOWMENTS
FROM
Donations & legacies
Total
EXPENDITURE ON
Charitable Activities
Ignite
Sparklers
Treasures
General
Depreciation
Total
NET INCOME/
(EXPENDITURE)
RECONCILIATION OF
FUNDS
Total funds brought
forwards
TOTAL FUNDS CARRIED
FORWARDS		 Unrestricte
d fund
Restricte
d funds
2020
Total
funds
£
£
£
5,641
24,183
29,824
5,641
24,183
29,824
-
21,094
21,094
-
212
212
-
1,337
1,337
4,001
-
4,001
1,884
-
1,884
5,885
22,643
28,528
(244)
1,540
1,296
21,703
2,685
24,388
21,459
4,225
25,684

Page 8

THE LIGHTHOUSE, ATTLEBOROUGH NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2021

Equipment & Furniture
COST £
At 1 April 2020 & 31 March 2021 25,155
DEPRECIATION
At 1 April 2020 14,477
Charge for year 1,602
At 31 March 2021 16,079
NET BOOK VALUE
At 31 March 2021 9,076
At 31 March 2020 10,678
6. TANGIBLE FIXED ASSETS

7.

RESTRICTED FUNDS

Unrestricted Funds
General Fund
Total
Restricted Funds
BBC Children in Need (Ignite)
Paul Bassham
Attleborough Town & Lands
Red House Youth Project (NCF)
(Ignite)
Connecting Older People (NCF)
(Treasures)
#Iwill Youth Social Action (NCF)
(Ignite)
Total Funds		 Incoming
Resources
Resourc
es
Expend
ed
£
£
12,374
(13,740
)
12,374
(13,740
)
10,000
(7,737)
1,000
(1,000)
2,500
1,000
-
-
(1,013)
(940)
(4,206)
(3,183)
14,500
(18,079
)
26,874
(31,819
)

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Overpayment to HMRC

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Expenses claimed but still to be paid

10. RELATED PARTY DISCLOSURES

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

Page 9 THE LIGHTHOUSE, ATTLEBOROUGH DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021

INCOME & ENDOWMENTS
Donations
Grants
Total incoming resources
EXPENDITURE
Charitable Activities
Wages & NI
Pensions
Training
Toys, Equipment & Refreshments
Sundries
Specifc Projects
SUPPORT COSTS
Other
Insurance
Telephone
Depreciation of tangible fxed assets
Governance Costs
Accountancy & legal
Total resources expended
Net (expenditure)/income		 2021
£
14,87
4
12,00
0
26,87
4
17,87
4
906
46
492
83
6,883
26,28
4
671
1,224
1,602
3,497
2,038
31,81
9
(4,94
5)		 2020
£
5,641
24,183
29,824
15,294
906
139
1,390
272
4,978
22,979
641
1,110
1,884
3,635
1,914
28,528
1,296

This page does not form part of the statutory financial statements

Page 10