2023-12-31-accounts - The Parochial Church Council Of The Ecclesiastical Parish Of Holy Trinity Swiss Cottage, Hampstead

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I LIGHTHOUSE LONDON ( |qI_JI), IKNUAL

I LIGHTHOUSE LONDON CHURCH 12023 LErs TAKEA LOOK BACK Il /23

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CHURGfiI

				Page
Reference and administrative		details ofthe Charity, its PCC Members	and advisers	1
Trustees' report				2-6
Trustees' responsibilities statement
Independent auditors'	report	on the financial statements		8-11
Statement offinancial	activities			12
Balance sheet				13
Statement ofcash flows				14
Notes to the financial	statements

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				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
			Note	2023 6	2023 6	2023 6	2022f
Income from:
Donations and	legacies		3	775,530	438,449	1,213,979	553,659
Charitable activities			4	29,954		29,954	28,874
Investments			5	5,827	12,172	17,999	1,806
Other income			6	(2,077)		(2,077)	671
Total income				809,234	450,621	1,259,855	585,010
Expenditure on:
Charitable activities			8	564,882	96,933	661,815	661,592
Total expenditure				564,882	96,933	661,815	661,592
Net movement	in funds			244,352	353,688	598,040	(76,582)
Reconciliation	offunds:
Total funds brought		forward		35,405	197,862	233,267	309,849
Net movement	in funds			244,352	353,688	598,040	(76,582)
Total funds carried forward				279,757	551,550	831,307	233,267

				2023		2022
		Note		E		F
Fixed assets
Tangible assets		13		21,912		26,400
				21,912		26,400
Current assets
Debtors		14	34,718		8,365
Cash at bank and in hand			805,430		310,057
			840,148		316,422
Creditors: amounts year	falling due within one	15	(30,753)		(111,555)
Net current assets				809,395		206,867
Total assets less current liabilities				831,307		233,267
Total net assets				831,307		233,267
Charity funds Restricted funds		17		551,550		197,862
Unrestricted funds		17		279,757		35,405
Total funds				831,307		233,267

					2023	2022
					6
Cash flows from operating		activities
Net cash used in operating	activities				51?,949	109,661
Cash flows from investing		activities
Purchase oftangible fixed assets					(22,576)	(4,067)
Net cash used in investing		activities			(22,576)	(4,067)
Cash flows from financing		activities
Net cash provided by financing activities
Change in cash and cash		equivalents	in	the year	495,373	105,594
Cash and cash equivalents		at the beginning		ofthe year	310,057	204,463
Cash and cash equivalents		at the end of		the year	805,430	310,057
The notes on pages 15to 34form part ofthese financial statements

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				Unrestricted	Restricted	Total
				funds	funds	funds
				2023	2023	2023
				6	6	6
Donations	and collections	(including	Gift Aid)	356,982	32,549	389,631
Grants				313,626		313,626
Other collections and donations				104,922	405,900	510,822
Total 2023				775,530	438,449	1,213,979
				Unrestricted	Restricted	Total
				funds	funds	funds
				2022 6	2022f	2022 8
Donations	and collections	(including	Gift Aid)	247,973	16,271	264,244
Grants				160,938		160,938
Other collections and donations				122,187	6,290	128,477
Tl202				531,098	22,561	553,659

		Unrestricted	Total
		funds	funds
		2023	2023
		E	6
Income from church	activities	29,954	29,954
Total 2023		29,954	29,954
		Unrestricted	Total
		funds	funds
		2022	2022
		E	6
Income from church	activities	28,874	28,874
Total 2022		28,874	28,874

	Unrestricted	Restricted	Total
	funds	funds	funds
	2023	2023	2023
	F	8	8
Interest	5,827	12,172	17,999
Total 2023	5,827	12,172	17,999
	Unrestricted	Restricted	Total
	funds	funds	funds
	2022 6	2022f	2022 E
Interest	119	1,687	1,806
Total 2022	119	1,687	1,806

		Unrestricted	Total
		funds	funds
		2023 6	2023f
Sale	ofassets	(2,077)	(2,077)
		Unrestricted	Total
		funds	funds
		2022	2022
		6
Sale	ofassets	671	671

		Grants to	Grants to	Total
		Institutions	Individuals	funds
		2023	2023	2023
		6	6	6
Youth - XLP		10,000		10,000
Missions, Charities	and Dalt Education Project	13,713		13,713
Total2023		23,713		23,713

			Grants to	Grants to	Total
			Institutions	Individuals	funds
			2022	2022	2022
			6	6
Youth - XLP			10,000		10,000
Missions, Charities	and Dalt Education	Project	13,887	5,043	18,930
Total 2022			23,887	5,043	28,930

The Charity has m	a	de the following material grants to institutions	during the yean
			2023	2022
				5
Name of institution
Fusion			300	300
Global Awakening	(HTSC Vision Caster)		2,392	1,820
Youth for Christ			300	300
St Brendans Church			3,000
Individuals			1,950	2,622
YWAM Donation to		Ben Richards	600
Doorstep			665
Youth - XLP			10,000	10,000
Missions, Charities		and Dalt Education Project	180	180
Open Doors			655
Widfire Ministries	Donation		390
Alpha International		for Ukraine	2,202	5,575
Operation Mobilisation				1,545
Big Love Ukraine				1,545
Aiyoung Funeral			1,079
			23,713	23,887

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				Unrestricted	Restricted
				funds	funds	Total
				2022	2022	2022
				E	E
Diocesan parish share				109,538		109,538
Ministry costs				225,792	7,160	232,952
Building and maintenance		costs		27,614	9,626	37,240
Overheads	and administration		(incl. Governance)	154,630	14,094	168,724
Lighthouse	Project costs			9,360	103,778	113,138
Tl2022				526,934	134,658	661,592

				Activities	Grant
				undertaken	funding of	Support	Total
				directly 2023	activities 2023	costs 2023	funds 2023
					E	E	E
Diocesan parish share				92,575			92,575
Ministry costs				243,109	10,000		253,109
Building and	maintenance	costs		42,210			42,210
Overheads and administration Governance)			(incl.		13,713	176,700	190,413
Lighthouse	Project costs			83,508			83,508
Total 2023				461,402	23,713	176,700	861,815

				Activities	Grant	Grant
				undertaken	funding	of	Support	Total
				directly 2022f	activities 2022 F		costs 2022 f.	funds 2022 f.
Diocesan parish share				109,538				109,538
Ministry costs				222,952	10,000			232,952
Building and maintenance		costs		37,240				37,240
Overheads and administration Governance)			(incl.		18,930		149,794	168,724
Lighthouse Project	costs			113,138				113,138
Total 2022				482,888	28,930		149,794	661,592
Analysis of direct	costs
							Total	Total
							funds	funds
							2023	2022f
Staff costs							171,324	162,089
Depreciation							21,800	23,442
Services and Events							10,201	9,841
Worship Ministry Expenditure Children and Youth							7,384 26,183 3,800	5,513 17,555 3,658
Lighthouse London	Community		Trust				1O,OO0	10,000
Healing &Bozo Rates							2,277 20,897	214 16,376
Repairs and Maintenance ITand Equipment Hire							17,067 1,087	16,057 2,937
Kitchen and Cleaning							3,159	1,870
Lighthouse Consultancy Diocese Fund							73,668 92,675	103,778 109,538
							461,402	482,868

							Total	Total
							funds	funds
							2023	2022
							5	F
	Staff costs						112,796	106,842
	Publicity and literature Bank and credit card		charges				1,008 1,766	2,071 1,919
	Conferences	and training					2,911	2,997
	Vehicle expenses, travel and			subsistence			2,937	2,361
	Office supplies						847	(368)
	Telephone, internet and website						10,567	12,789
	Rent						35,750	16,500
	Professional	fees					1,012	1,013
	Miscellaneous	expenses					1,106	70
	Audit &Accountancy						6,000	3,600
							176,700	149,794
10.	Auditors' remuneration
							2023	2022
							K	5
	Fees payable 2022) of the	to the Charity's	Charity's annual	auditor for the audit (independent accounts		exam in	4,800	3,600
	Fees payable	to the	Charity's	auditor	in respect of:
	Other services						1,200

Staff costs
			2023f	2022f
Wages and	salaries		254,306	241,758
Social security costs			18,694	16,541
Contribution	to defined contribution	pension schemes	11,120	10,632
			284,120	268,931

Ministry
Buildings	and	maintenance
Administration

2023	2022
No.	No.
8	10

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	Fixtures and	Office	Computer	Other fixed
	fittings f	equipment 5	equipment 5	assets 5	Total
Cost or valuation
At 1 January 2023	29,342	3,567	28,972	149,945	211,826
Additions		385	3,888	16,885	21,158
Disposals			(1,779)	(54,352)	(56,131)
At 31 December 2023	29,342	3,952	31,081	112,478	176,853
Depreciation
At 1 January 2023	28,523	2,390	26,947	127,567	185,427
Charge for the year	273	587	2,256	18,684	21,800
On disposals			(1,779)	(50,507)	(52,286)
At 31 December 2023	28,796	2,977	27,424	95,744	154,941
Net book value
At 31 December 2023	546	975	3,657	16,734	21,912
At 31 December 2022	819	1,177	2,025	22,378	26,399
Debtors
				2023	2022
					F
Due within one year
Trade debtors				3,043
Amounts owed by group undertakings					372
Other debtors				15,300	197
Prepayments and accrued income				14,882	4,131
Tax recoverable				1,493	3,665
				34,718	8,365

	2023	2022
	E	E
Trade creditors	18,679	3,493
Other creditors	3,797	3,380
Accruals	8,277	104,882
	30,753	111,555

										2023	2022
										5	E
Financial	assets
Financial	assets	measured	at	fair	value	through	income	and	expenditure	805,430	310,057

Statement offunds	-current year
					Balance at
		Balance at 1			31
		January 2023	Income	Expenditure	December 2023
		E	E	F	E
Unrestricted funds
Designated funds
Hardship Fund		1,721	7,930	(2,795)	6,856
General funds
General Fund		33,684	801,304	(562,087)	272,901
Total Unrestricted	funds	35,405	809,234	(564,882)	279,757
Restricted funds
Lighthouse Project		197,609	442,996	(89,055)	551,550
SOSL Filming		253	7,625	(7,878)
		197,862	450,621	(96,933)	551,550
Total offunds		233,267	1,259,855	(661,815)	831,307

Statement offunds	- prior year
					Balance at
		Balance at			31
		1 January 2022 F	Income	Expendituref	December 2022
Unrestdicted funds
Designated funds
Hardship fund			2,700	(979)	1,721
General funds
General fund		1,577	558,062	(525,955)	33,684
Total Unrestricted	funds	1,577	560,762	(526,934)	35,405
Restricted funds
Lighthouse Project		308,272	16,798	(127,462)	197,608
SOSL Filming			7,450	(7,196)	254
		308,272	24,248	(134,658)	197,862
Total offunds		309,849	585,010	(661,592)	233,267

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Analysis	of n	et asse	ts	between funds -cur	rent year
					Unrestricted	Restricted	Total
					funds	funds	funds
					2023	2023	2023
					E	E	E
Tangible	fixed	assets			21,912		21,912
Current	assets				280,667	559,481	840,148
Creditors	due	within	one	year	(22,822)	(7,931)	(30,753)
Total					279,757	551,550	831,307

Reconcili	ati	on of	net	movem	ent	in fun	ds to	net	cash flow	from	operating	activities
												2023	2022
												E	E
Net income/expenditure				for	the	year	(as	per	Statement	of	Financial
Activities)												598,040	(76,582)
Adjustments		for:
Depreciation		charges										21,800	23,442
Increase	in	debtors										(26,353)	67,037
Decrease	in	creditors										(80,802)	95,764
Net cash	provided		by	operating		activities						512,685	109,661

		2023	2022
		E
Cash	in hand	605,430	310,057
Total	cash and cash equivalents	805,430	310,057

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