Registered number: 06255300 Charity number: 1119983
THE LIGHTHOUSE, ATTLEBOROUGH
(A company limited by guarantee)
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
THE LIGHTHOUSE, ATTLEBOROUGH
(A company limited by guarantee)
CONTENTS
| Page | |
|---|---|
| Reference and administrative details of the Charity, its Trustees and advisers | 1 |
| Trustees' report | 2 - 4 |
| Independent examiner's report | 5 |
| Statement of financial activities | 6 |
| Balance sheet | 7 - 8 |
| Notes to the financial statements | 9 - 21 |
THE LIGHTHOUSE, ATTLEBOROUGH (A company limited by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2023
| Trustees | R Tervet |
|---|---|
| J Oyeniyi, Treasurer | |
| R Oyeniyi | |
| J Turner | |
| Company registered number 06255300 Charity registered number 1119983 Registered office 131 Hargham Road Attleborough NR17 2JP Company secretary S Fitzgerald Accountants MA Partners Audit LLP Chartered Accountants 7 The Close Norwich Norfolk NR1 4DJ |
Page 1
THE LIGHTHOUSE, ATTLEBOROUGH
(A company limited by guarantee)
TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2023
The Trustees present their annual report together with the financial statements of The Lighthouse, Attleborough ('the Charity') for the year 1 April 2022 to 31 March 2023. The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).
Since the Charity qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
Objectives and activities
a. Policies and objectives
The objectives of the 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.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
b. Activities undertaken to achieve objectives
At present, the Charity runs five 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. -’Ignite’ is our youth project and has run a drop-in centre since November 2008.
-‘Table Tennis’ is our intergenerational table tennis club; its purpose is to bring recreational and leisure activity to reduce the feeling of isolation and loneliness.
-‘Foodbank’ is a weekly drop-in for the citizens of Attleborough and surrounding villages who are in hardship to get free non-perishable foods.
-‘Treasures’, our outreach to senior citizens, launched in April 2011. Its purpose is to enable those who might be isolated to socialise with others.
c. Main activities undertaken to further the Charity's purposes for the public benefit
The Trustees have taken the time to consider guidance issued by the Charities Commision on public benefit when reviewing the activities as detailed above. Throughout all these activities there are opportunities to provide advice, pastoral care and support to local people.
Page 2
THE LIGHTHOUSE, ATTLEBOROUGH (A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023
Achievements and performance
a. Main achievements of the Charity
Our staff team has grown with a Director, Treasures project lead and a fundraiser to support future growth for the Charity and the communities we aim to reach. Treasures has added extra events into its calendar by hosting 2 coffee mornings a month, allowing consistent relationships and integration for our senior citizens. Ignite partnered with the local town council for a youth fire pit evening in the town square, supporting 49 young people. We are pleased to have been able to take on the running of the Foodbank in Attleborough as its previous venue was shut down.
One of the ways we measure the impact our projects have in the community is to look at our ‘reach’ – that is, just how many individuals are supported across the various projects. Our reach and support into the local town and surrounding villages have been 459 individuals throughout 2022/23, a 16% growth from 2021/22. We also take particular interest in feedback which we request from those we support and are pleased to report that it is overwhelmingly positive.
Excitingly we look forward to 2023/2024 as we have acquired access to a 6.2-acre site through our founding Charity Christ Community Church Attleborough, which has planning permission to refurbish and develop the site for community development.
Financial review
a. Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
b. Reserves policy
The total funds of the charity were £47,180 at 31 March 2023 (2022: £44,334) . Free reserves, being unrestricted funds not represented by fixed assets were £20,125 at 31 March 2023 (2022: £36,619) .
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 The Lighthouse, Attleborough’s core activity could continue during a period of unforeseen difficulty and has been set at £15,000 which would cover 3 months running costs. This is based on the Charity’s size and the level of financial commitments held. The Trustees aim to ensure the Charity can 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 Breckland Youth Advisory Board, The 29th May 1961 Charitable Trust, National Lottery, Norfolk Community Foundation, The Angela Gallagher Memorial Fund and the Aquarius Charitable Foundation, whose generous giving (along with other gifts) have contributed to the work of the Charity in the last financial year.
Page 3
THE LIGHTHOUSE, ATTLEBOROUGH (A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023
Structure, governance and management
a. Constitution
The Lighthouse, Attleborough is registered as a charitable company limited by guarantee and was set up by a Trust deed.
b. Methods of appointment or election of Trustees
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.
Statement of Trustees' responsibilities
The Trustees (who are also the directors of the Charity for the purposes of company law) are responsible for preparing the Trustees' report 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 . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles of the Charities SORP (FRS 102);
-
make judgments and accounting estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and 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 Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on their behalf by:
................................................ R Tervet Trustee Date:
Page 4
THE LIGHTHOUSE, ATTLEBOROUGH (A company limited by guarantee)
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2023
Independent examiner's report to the Trustees of The Lighthouse, Attleborough ('the Charity')
I report to the Charity Trustees on my examination of the accounts of the Charity for the year ended 31 March 2023.
Responsibilities and basis of report
As the Trustees of the Charity (and 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 Charity 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 the Charity's accounts 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:
-
accounting records were not kept in respect of the Charity as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
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
-
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.
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.
This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.
Signed:
Dated: 20 December 2023
Alice Lynch BSc ACA DChA
MA Partners LLP Chartered Accountants 7 The Close Norwich Norfolk NR1 4DJ
Page 5
THE LIGHTHOUSE, ATTLEBOROUGH
(A company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2023
| Note Income from: Donations and grants 3 Total income Expenditure on: Charitable activities 4 Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Restricted funds 2023 £ 36,000 36,000 15,503 15,503 20,497 - 20,497 20,497 |
Unrestricted funds 2023 £ 14,548 14,548 32,199 32,199 (17,651) 44,334 (17,651) 26,683 |
Total funds 2023 £ 50,548 50,548 47,702 47,702 2,846 44,334 2,846 47,180 |
Total funds 2022 £ 71,939 71,939 |
|---|---|---|---|---|
| 48,344 48,344 |
||||
| 23,595 | ||||
| 20,739 23,595 44,334 |
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 9 to 21 form part of these financial statements.
Page 6
THE LIGHTHOUSE, ATTLEBOROUGH (A company limited by guarantee) REGISTERED NUMBER: 06255300
BALANCE SHEET AS AT 31 MARCH 2023
| Note Fixed assets Tangible assets 9 Current assets Debtors 10 Cash at bank and in hand Creditors: amounts falling due within one year 11 Net current assets Total net assets Charity funds Restricted funds 12 Unrestricted funds 12 Total funds |
484 44,522 45,006 (4,384) |
2023 £ 6,558 6,558 40,622 47,180 20,497 26,683 47,180 |
2,352 39,419 41,771 (5,152) |
2022 £ 7,715 |
|---|---|---|---|---|
| 7,715 36,619 |
||||
| 44,334 | ||||
| - 44,334 |
||||
| 44,334 |
Page 7
THE LIGHTHOUSE, ATTLEBOROUGH (A company limited by guarantee) REGISTERED NUMBER: 06255300
BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2023
The Charity was entitled to exemption from audit under section 477 of the Companies Act 2006.
The Members have not required the Charity to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
................................................ R Tervet Trustee Date:
The notes on pages 9 to 21 form part of these financial statements.
Page 8
THE LIGHTHOUSE, ATTLEBOROUGH (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
1. General information
The Lighthouse, Attleborough is a registered charitable company limited by guarantee, incorporated in England and Wales, registration number 06255300.
The registered office is 131 Hargham Road, Attleborough, Norfolk, NR17 2JP.
2. Accounting policies
2.1 Basis of preparation of financial statements
The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
The Lighthouse, Attleborough meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
2.2 Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.
2.3 Income
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.
2.4 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
Page 9
THE LIGHTHOUSE, ATTLEBOROUGH (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
2. Accounting policies (continued)
2.5 Tangible fixed assets and depreciation
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives.
Depreciation is provided on the following basis:
Fixtures and fittings
15% reducing balance
2.6 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
2.7 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
2.8 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
2.9 Pensions
The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year.
2.10 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.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Page 10
THE LIGHTHOUSE, ATTLEBOROUGH (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
3. Income from donations and legacies
| Donations Grants Total 2023 Total 2022 |
Restricted funds 2023 £ 500 35,500 36,000 21,000 |
Unrestricted funds 2023 £ 13,948 600 14,548 50,939 |
Total funds 2023 £ 14,448 36,100 50,548 71,939 |
Total funds 2022 £ 39,809 32,130 71,939 |
|---|---|---|---|---|
4. Analysis of expenditure on charitable activities
Summary by fund type
| General Ignite Sparklers Treasures Total 2023 Total 2022 |
Restricted funds 2023 £ - 11,000 - 4,503 15,503 21,646 |
Unrestricted funds 2023 £ 21,577 9,030 288 1,304 32,199 26,698 |
Total 2023 £ 21,577 20,030 288 5,807 47,702 48,344 |
Total 2022 £ 16,004 25,774 418 6,148 48,344 |
|---|---|---|---|---|
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THE LIGHTHOUSE, ATTLEBOROUGH (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
5. Analysis of expenditure by activities
| General Ignite Sparklers Treasures Total 2023 Total 2022 |
Activities undertaken directly 2023 £ 13,900 20,030 288 5,807 40,025 39,339 |
Support costs 2023 £ 7,677 - - - 7,677 9,005 |
Total funds 2023 £ 21,577 20,030 288 5,807 47,702 48,344 |
Total funds 2022 £ 16,004 25,774 418 6,148 48,344 |
|---|---|---|---|---|
Analysis of direct costs
| Staff costs Training Toys, Equipment & Refreshments Sundries Specific Projects Total 2023 Total 2022 |
General 2023 £ 11,884 650 1,321 45 - 13,900 6,999 |
Ignite 2023 £ 17,188 3 997 - 1,842 20,030 25,774 |
Sparklers 2023 £ - - 288 - - 288 418 |
Treasures 2023 £ - - 744 - 5,063 5,807 6,148 |
Total funds 2023 £ 29,072 653 3,350 45 6,905 40,025 39,339 |
Total funds 2022 £ 24,486 1,094 2,531 73 11,155 39,339 |
|---|---|---|---|---|---|---|
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THE LIGHTHOUSE, ATTLEBOROUGH (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
5. Analysis of expenditure by activities (continued)
Analysis of support costs
| General 2023 £ Depreciation 1,157 Sundries 57 Insurance 360 Telephone 1,377 Governance 4,726 Total 2023 7,677 Total 2022 9,005 6. Independent examiner's remuneration Fees payable to the Charity's independent examiner for the independent examination of the Charity's annual accounts |
Total funds 2023 £ 1,157 57 360 1,377 4,726 7,677 9,005 2023 £ 2,394 |
Total funds 2022 £ 1,361 666 367 1,393 5,218 9,005 |
|---|---|---|
| 2022 £ 2,280 |
7. Staff costs
| 2023 £ Wages and salaries 28,439 Pension 633 29,072 The average number of persons employed by the Charity during the year was as follows: |
2022 £ 24,022 464 |
|---|---|
| 24,486 | |
| 2023 | 2022 | |
|---|---|---|
| No. | No. | |
| Employees | 3 | 3 |
Page 13
THE LIGHTHOUSE, ATTLEBOROUGH
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
7. Staff costs (continued)
No employee received remuneration amounting to more than £60,000 in either year.
The total remuneration for key management personnel (including employers national insurance contributions and employers pension contributions) was £15,269 (2022: £15,927) .
8. Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2022 - £NIL) .
During the year ended 31 March 2023, no Trustee expenses have been incurred (2022 - £NIL) .
Page 14
THE LIGHTHOUSE, ATTLEBOROUGH (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
| 9. Tangible fixed assets Cost or valuation At 1 April 2022 At 31 March 2023 Depreciation At 1 April 2022 Charge for the year At 31 March 2023 Net book value At 31 March 2023 At 31 March 2022 |
Fixtures and fittings £ 25,155 |
|---|---|
| 25,155 | |
| 17,440 1,157 |
|
| 18,597 | |
| 6,558 | |
| 7,715 |
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THE LIGHTHOUSE, ATTLEBOROUGH
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
10. Debtors
| Due within one year Other debtors Prepayments and accrued income |
2023 £ 141 343 484 |
2022 £ - 2,352 |
|---|---|---|
| 2,352 |
11. Creditors: Amounts falling due within one year
| Trade creditors Other taxation and social security Accruals and deferred income |
2023 £ 890 957 2,537 4,384 |
2022 £ 2,716 78 2,358 |
|---|---|---|
| 5,152 |
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THE LIGHTHOUSE, ATTLEBOROUGH
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
12. Statement of funds
Statement of funds - current year
| Unrestricted funds General Funds - all funds Restricted funds BBC Children in Need (Ignite) Youth Advisory Board (Ignite) National Lottery (Treasures) Connecting Older People (NCF) (Treasures) Norfolk Community Foundation (Treasures) Total of funds |
Balance at 1 April 2022 £ 44,334 - - - - - - 44,334 |
Income £ 14,548 10,500 500 10,000 10,000 5,000 36,000 50,548 |
Expenditure £ (32,199) (10,500) (500) - (4,503) - (15,503) (47,702) |
Balance at 31 March 2023 £ 26,683 |
|---|---|---|---|---|
| - - 10,000 5,497 5,000 20,497 |
||||
| 47,180 |
Page 17
THE LIGHTHOUSE, ATTLEBOROUGH
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
12. Statement of funds (continued)
Statement of funds - prior year
| Unrestricted funds General Fund Restricted funds BBC Children in Need (Ignite) Paul Bassham Arnold Clarke (Ignite) Norfolk Covid Recovery Fund (Ignite) Other Core Costs Total of funds |
Balance at 1 April 2021 £ 20,093 - 294 - - 352 646 20,739 |
Income £ 50,939 10,000 - 1,000 10,000 - 21,000 71,939 |
Expenditure £ (26,698) (10,000) (294) (1,000) (10,000) (352) (21,646) (48,344) |
Balance at 31 March 2022 £ 44,334 |
|---|---|---|---|---|
| - - - - - - |
||||
| 44,334 |
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THE LIGHTHOUSE, ATTLEBOROUGH
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
13. Summary of funds
Summary of funds - current year
| General funds Restricted funds Summary of funds - prior year General funds Restricted funds |
Balance at 1 April 2022 £ 44,334 - 44,334 Balance at 1 April 2021 £ 20,093 646 20,739 |
Income £ 14,548 36,000 50,548 Income £ 50,939 21,000 71,939 |
Expenditure £ (32,199) (15,503) (47,702) Expenditure £ (26,698) (21,646) (48,344) |
Balance at 31 March 2023 £ 26,683 20,497 47,180 |
|---|---|---|---|---|
| Balance at 31 March 2022 £ 44,334 - 44,334 |
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THE LIGHTHOUSE, ATTLEBOROUGH
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
14. Analysis of net assets between funds
Analysis of net assets between funds - current year
| Tangible fixed assets Current assets Creditors due within one year Total |
Restricted funds 2023 Unrestricted funds 2023 £ £ - 6,558 20,497 24,509 - (4,384) 20,497 26,683 |
Total funds 2023 £ 6,558 45,006 (4,384) 47,180 |
|---|---|---|
Analysis of net assets between funds - prior year
| Tangible fixed assets Current assets Creditors due within one year Total |
Unrestricted funds 2022 £ 7,715 41,771 (5,152) 44,334 |
Total funds 2022 £ 7,715 41,771 (5,152) 44,334 |
|---|---|---|
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THE LIGHTHOUSE, ATTLEBOROUGH (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
15. Pension commitments
The Charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Charity in an independently administered fund.
The pension cost charge represents contributions payable by the Charity to the fund and amounted to £633 ( 2022 - £464 ).
At the balance sheet date contributions in the amount of £143 ( 2022 - £7 8) were payable to the fund and are included in creditors.
16. Related party transactions
Christ Community Church, Attleborough is a charity in which R Tervet and J Oyeniyi are also Trustees.
During the year £11,784 (2022 - £6,000) was received from Christ Community Church, Attleborough for support services received.
During the year £1,044 ( 2022 - £2,417 ) was paid to Christ Community Church, Attleborough for hiring of facilities and line management services provided.
At the balance sheet date £Nil ( 2022 - £1,044) was payable to Christ Community Church, Attleborough for hiring of facilities and line management services provided during the year, and are included in creditors.
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