Moore
Thompson
CharteNI h£wJntants
THE LIGHTHOUSE PROJECT SPALDING
{ALSO KNOWN AS"KARIS HOUSE")
CHARITY COMMISSION REGISTERED NO. 1135706
FINANCIAL STATEMENTS
for the year ended
31 March 2024
>¢
HOVSC

THE LIGHTHOUSE PROJECT SPALDING
Index
for the year ended 31 March 2024
Summary of Trustees and Professional Advisers
2to4
Trustees. Annual Report
Independent Examinerfs Report
Statement of Financial Activities
Statement of Assets
8t013
Notes to the Financial Statements

THE LIGHTHOUSE PROJECT SPALDING
Summary of Trustees and Professional Advisers
for the year ended 31 March 2024
Trustees
Mrs J J Tedbury
Mrs M Sandhu
Mrs C Lovett
Registered Office
57 West Road
Pointon
Sleaford
NG34 ONA
Independent Examiner
Miss H Bright BA (Hons). FCA, CTA
Moore Thompson
Chartered Attountsnts
Bank House
Broad Street
Spalding
Lincs.
PE11 1TB
Page 1

THE LIGHTHOUSE PROJECT SPALDING
Trustees. Annual Report
for the year ended 31 March 2024
The Lighthouse Project Spalding was established by Mrs J J Tedbury in July 2007 and governed by
trust deed dated 1 January 2009. It was registered wrth the Charity Commission on 28 April 2010. Its
charity number is 1135706. The chanty is also known under the names" Yhe Lighthouse Project" and
'Karis House".
Objects
The objects of the charity are to advance in life and help young people through a) the provision of
recreational and leisure time activities provided in the interest of social welfare, designed to improve their
conditions of life: b) providing support and activities vthich develop their skills, capacities and capabilities
to enable them to participate in society as mature and responsible adults.
These aims are achieved by the charity promding the facilities and opportunity for the beneficiaries to
participate in work experience opportunities such as providing lunches and running mother and toddler
groups from the site of the Lighthouse PenteGostal Church.
The beneficiaries are encouraged to team the processes and the management of projects thus
developing working and communication skills. They also further develop as people which helps to
integrate them back into the communrty.
In April 2015. the charity opened a charity shop and café which is run by the beneficiaries to, once again,
help their integration back into the wider society. During February 2016, a second hand fumiture charity
shop was also opened to help raise further funds.
Trustee5
The trustees who served the charity during the period were as detsiled on Page 1.
New trustees are recruited from a group who have shown a keen interest in the work of the charity and
have abilities required on the goveming body. Training is provided to keep trustees up to date with new
legislation etc. on a regular basis.
Public benefit
The trustees have given due regard to the guidance published by the Charity Commission on public
benefit, with Ghariws objectives of enabling vulnerable people to integrate back into the community being
beneficial to themselves and the community as a whole.
The trustees consider that the full details of the public benefrt have been disclosed within the activities,
achievements and performance sections below.
Activities, achievements and perfomiance
The Lighthouse Project has grovm since it started as one home for homeless young people. It has added
five more activities, each of which is listed below. Every activity within the main project provides great
public benefit to both the young people it supports. by providing more than just a home and to the wider
community in several ways.
Firsly, the support and equipping of young people improves their self-esteem and helps them to
undersland why they have created negative coping strategies in the past, such as alcohol or drug abuse
and gets them into slable volunteering.
Page 2

THE LIGHTHOUSE PROJECT SPALDING
Trustees, Annual Report
for the year ended 31 March 2024
Activities, achievements and perforniance (continued)
Secondly, in helping the young people to acquire more daily living skills and offering work experience it
enables them to reintegrate back into society, either through gaining employment or entering further
education, thereby preventing them from being a drain on the benefit system. When the young people a
reintegrated back into society they are no longer "hanging about on the street". fomiing gangs or
committing crimes.
Finally, the cafe creates a safe community meeting space to relax in comfortable, welcoming
surroundings for local people. where they can buy low Cost drinks and snacks, whilst the furniture
recycling store provides a free pick up service for the local community wishing to donate furniture and
cheap second-hand furniture and other goods to those who cannot afford to pay a lot for their goods.
KARIS HOUSE- Karis House is a life changing home and programme that supports young women who
have a serious desire to recover from issues that are controlling their lives such as self-harm, eating
disorders, addictive behaviours, depression or the effects of abuse.
CAFÉ & SHOP- The Lighthouse Project Shop & Café provides a community hub in the market square. It
sells donated items, handmade Crafts as well as food and drinks. It gives unemployed young people
opportunity to experience a work environment and is a favourite local spot in the area.
RECYCLE STORE - The Lighthouse Project Fumiture Recycling Store upcycles donated fumiture and
resells it. It gives unemployed young people opportunty to experience a work environment and creates a
uniqua community hub.
SHINING STARS- Shining Stsrs is our lively parent and child group run by our qualrfied nursery nurse.
supported by volunteers providing experience for local young people. It brings together a diverse selection
of families from across our local area.
LIME HOUSE- Lime House gives teenage mums v￿th bumps or babies, vtho are homeless or at risk of
homelessness, a home for them and their little ones. We provide a home with a family feel, support and
teaching to help vulnerable women team how to run their own life and become part of the community.
HOME HOUSE - Home House provides supported accommodation for young people who are homeless
or at risk of becoming homeless. We provide a home rather than a house, along with helping residents
leam critical life skills to help them integrate into society.
Volunteers
The Lighthouse Project has no funding and relies heavily on donations to function. Volunteers donate their
valuable time in all areas of the Charity and are an essential part of the project. Staffing is an expensive
commodity but supporting young people and running several activities such as the shop, recycling store
and toddle group requires many people to be involved. This is vthere the volunteers are so essential, as
without them the project quite literalty could not function.
Related parties
During the period, the charity received a donation of £68,492 {2023 - £50,000) from The Lighthouse
Project Limited. The sole director and shareholder of this company is Mrs J J Tedbury. who is also a
trust88 of the charity.
Results
The results for the year and the chariws financial wsition at the end of the year are shown on pages 6 to
13.
Page 3

THE LIGHTHOUSE PROJECT SPALDING
Trustees. Annual Report
for the year ended 31 March 2024
Reserves
The trustees believe that an annual income of £175.000 will be required in order to fund the charitable
work they wish to do. This will mainly be funded by unrestn'cted donations, but specific grants will be
appliad for. if relevant. and thus shown as restn'cted funds. If sufficient excess cash is built up then the
trustees will make a investment to help generate funds.
For and on behalf of the trustees.
Date:
Mrs J J Tedbury
Trustee
Page 4

Independent Examiner's Report to the trustees of
THE LIGHTHOUSE PROJECT SPALDING
I report to the Charity tnJslees on my examination of the accounts of the charity for the year ended 31
March 2024, which are set out on pages 6 to 13
Responsibilities and basis of report
As the charitys trustees you are responsible for the preparation of the accounts in accordance with the
requirement of the Charibes Act 2011 ('the Acr).
I report in respect of my examination of the charitys accounts carried out under section 145 of the Act and
in carying out my examination I have followed all the applicable Directions given by the Charity
Commission under section 145{5)(b) of the Act.
Independent examinerfs statement
I have completed my examination. I confimi that no material matters have come to my attention in
connection with the examination giving me cause to believe that in any material respect=
accounting records were not kept in respect of the Charity as required by section 130 of the Act. or
2. the accounts do not accord with those records.
3. the accounts do not comply with the applicable requirements conceming the fomi and content of
accounts set out in the Charities {Accounts and Reports) Regulations 2008 other than any
requirement that the accounts give a Yrue and fair view, which is not a matter considered as part of
an independent examination.
I have no concems 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.
H Bright FCA, BA {Hons). CTA
Moore Thompson
Chartered Accountants
Spalding
21.1 ILI
Page 5

THE LIGHTHOUSE PROJECT SPALDING
Statement of Financial Activities
for the year ended 31 March 2024
2024
2023
Not•
Income from:
Donations and legacies
Charitable activities
77,329
119,464
66,919
108.256
Total Income
196,793
175,175
Expenditure from:
Charitable activities
193,349
154.561
Total expenditure
193.349
154,561
Net income
20,614
Fund balan¢es broughl forward
146,993
126,379
Fund balances carried foThiard
150,437
146,993
The charity has no recognised gains or losses other than the results for the year set out above.
All of the activities of the charity are classed as continuing activities.
All of the above income and expenditure is regarding unrestricted fvnds.
The notes on pages 8 10 13 forni a part of these accounts.
Page 6

THE LIGHTHOUSE PROJECT SPALDING
Statement of Assets
at 31 March 2024
2024
2023
Note
Fixed assets
Tangible assets
12,063
11,666
Current assets
Debtors
Stock
Cash at bank
69,123
69,015
72,486
67,500
Total current assets
141,609
136,515
Current liabilittes
Creditors
3,235
1.188
Total current liabilities
3,235
1,188
Net current assets
150,437
146,993
A¢cumulated Funds
Unrestricted funds
150.437
146.993
150,437
146,993
We approve these financial statements and confimi that we have made available all ￿levant records and
information for their preparation.
For and on behalf of the trustees=_
Date..
Mrs J J Tedbury
Trustee
The notes on pages 8 to 13 forn] a part of these accounts.
Page 7

THE LIGHTHOUSE PROJECT SPALDING
Notes to the Financial Statements
for the year ended 31 March 2024
1. Accounting policies
a) Basis of preparation of financial statements.
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements
have been prepared in accordance with Accounting and Reporting by Charities. Statement of
Recommended Practice applicable to charities preparing Iheir accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October
2019, the Financial Reporting Stsndard applicable in the United Kingdom and Republic of
Ireland (FRS 102). the Charities Act 2011 and UK Generally Accepted Accounting Practice.
The financial statements are prepared on a going ¢oncem basis and are presented in sterling
which is the functional currency of the charity.
b) Fixed Assets
Tangible fixed assets are stste at cost less accumulated depreciation and accumulated
impaimient losses. Cost indudes costs directly attributable to making the asset capable of
operating as intended.
c} Depreciation
Depreciation is provided on all tangible fixed assets. at rates calculated to write off the cost,
less estimated residual value. of each asset on a systematic basis over its expected economic
useful lrfe as follows:
Fixtures and fittings
Log cabin
Computer equipment
Motor vehicles
100A reducing balance
50/0 on cost
250/0 reducing balance
250/0 reducing balance
d) Debtors and creditors receivable I payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are
recorded at transaction price. Any losses arising from impainnenl are recognised in
expenditure.
e) Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements.
estimates and assumptions that affect the amounts reported. These estimates and
judgements are continually reviewed and are based on experience and other factors. including
expectations of future events Ihat are believed to be reasonable under the circumstances.
Revisions to accounting estimates are recognised in the period in which the estimate is revised
rf the revision affects only that period or in the period of the revision and future periods if the
revision affects both current and future periods.
The useful economic life used to depreciate tsngible fixed assets relates to the expected future
perfomiance of the assets acquired and management's estimate of the period over which
economic benefit wll be derived from the asset. The residual value of an asset is the
estimated fair value of that asset at the end of its useful economic life and therefore is also
dependent upon the estimation of that life span.
Cut-off is applied at the year end date. An estimation of income or expenditure applicable to
the relevant period must be applied when the receipt or payTnent relates to a different period to
the year end.
Taxation
The charity is an exempt charitywithin the meaning of schedule 3 of the Charities Act 2011.
Page 8

THE LIGHTHOUSE PROJECT SPALDING
Notes to the Financial Statements (continued)
for the year ended 31 March 2024
1. Accounting policies (continued)
gl Going concern
The financial statements have been prepared on a going concern basis as the trustees believe
that no material uncertainties exist. The trustees have considered the level of funds held and
the expected level of income and expenditure for 12 months from authorising these financial
statements. The budgeted income and expenditure is sufficient with the level of reseNes for
the charity to be able to continue as a going concem.
h) Income recognltlon
l incoming resources are included in the Statement of Financial Activities when the charity is
legally entitled to the income after any perfomiance conditions have been met, the amount can
be measured reliably and it is probable that the income will be received.
Income from govemment and other grants are recognised at fair value when the charity has
entitlement after any perfomiance conditions have been met, it is probable that the income will
be reGeived and the arnount can be measured reliably. If enlillement is not met then these
amounts are deferred.
For donations to be recognised the charity will have been notified of the amounts and the
settlement date in wriling. If there are conditions attached to the donation and this requires a
level of performance before entitlement can be obtained then income is deferred until those
conditions are fully met or the fulfilment of those conditions is within the control of the charity
and il is probable that Ihey wll be fulfilled.
Rentals receivable under operating leases are Charged to the Statement of Financial Activities
on a straight line basis over the period of the lease.
Gifts in kind donated for resale are included at fair value, being the expected proceeds from
sale less the expected costs of sale. Where it is impracticable to estimate fair value of the
items due to the volume of low value items Ihey are not recognised in the financial ststements
until they are sold.
i) Expenditure recognition
l expenditure is accounted for on an accruals basis and has been classified under headings
that aggregate all costs related to the category. Expenditure is recognised where there is a
legal or constructive obligation lo make payTnents to third parties. it is probable that the
settlement will be required and the amount of the obligation can be measured reliably. It is
categorised under the following headings:
Charitsble activities include the cost of the activities defined by the charitys aims for the benefit
of the persons detailed in the charitys objectives.
Support costs include those Gosts which do not directly link to the charitable activities of the
charity but are ne￿SSary running costs to enable the charity to generate funds and program
delivery.
Govemance costs include the costs that allow the charity to operate and lo generate the
infomiation required for public acwuntsbility.
The charity rents the Karis House leasehold property free of charge from the related company
The Lighthouse Project Limited. As such, no rental Costs are shovm in the accounts.
I￿eCOVerable VAT is tharged as an expense against the activty for which expenditure arose.
Page 9

THE LIGHTHOUSE PROJECT SPALDING
Notes to the Financial Statements {continued)
for the year ended 31 March 2024
1. Accounting policies (continued)
j) Funds
Unrestricted funds:
Unrestricted funds 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:
Restricted funds are funds which are to be used in accordance with specific restrictions
imposed by donors or which have been raised by the charty for particular purposes. The cost
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 ststements.
k) Employee benefits
The vRges cost represents wages for the hours worked for the charity by employees.
The pensions cost represents the employer payments in to a defined contribution pension
scheme for employees of the chartty.
2. Motor costs
The charity had full use of the followng asset from the related company, The Lighthouse Project
Limited, during the year, as well as its own vehicles.
- Caravan
In light of this, the charity has incurred the running costs of the above vehicle on behalf of The
Lighthouse Project Limtted.
Income
2024
2023
Donations and legacies
Govemment grants- Kickstsrt
Govemment grants- Shining Stars
Donations
8.495
995
76,334
58,424
Total voluntary income
77,329
66,919
Charitable activities
Rent receivable
Fundraising events
Shop sales
Fumiture sales
34.271
1,189
37,032
46,972
30,672
687
33,181
43.716
Total charitable income
119,464
108,256
Page 10

THE LIGHTHOUSE PROJECT SPALDING
Notes to the Financial Statements (continued)
for the year ended 31 March 2024
4. Cost of charitable actlvltles
2024
2023
Karis House
Wages
Pensions
Welfare costs
Staff training and expenses
Leasehold property rates
Food purchases etc.
Property repairs and renewals
Travel costs
Motor costs
Depreciation
66,913
948
85
557
7,709
5.580
5,830
59,338
706
85
807
7,426
6,637
8,629
4.225
1,823
3.733
1,887
95,155
89,248
Shop and related flats
Properties rent
Property insurance
Flat light and heat
Shop light and heat
Shop insurance
Shop repairs and renewals
Shop purchases
20,400
4,413
25,528
1,937
2,076
4,711
20,400
3,738
20,006
1,144
363
1,333
227
59,065
47,211
Fumiture shop
Properties rent
Shop light and heat
Shop insurance
Shop ￿paIrS and renewals
9,600
3,925
311
1.149
9,823
1,512
286
1,049
14,985
12,670
Support costs
Office costs
Computer costs
Telephone
Advertising
Legal and professional fees
Bank charges
Sundry costs
635
448
2.360
18.619
639
466
2,499
305
150
251
918
22,980
4,310
Governance costs
Independent examination fee
1,164
1,122
Total cost of charitable activities
193,349
154,561
Page11

THE LIGHTHOUSE PROJECT SPALDING
Notes to the Financial Statements (continued)
for the year ended 31 March 2024
5. Tanglble Fixed Assets
Fixtures and
fittings
Compuler
Equiprnent
Molor
Vehicles
Log Cabin
Total
Cost
At 1 April 2023
Additions
14.593
2,220
7.150
1.817
19,910
43.470
2,220
At 31 March 2024
16,813
7.150
1,817
19,910
45,690
Depreciation
At 1 April 2023
Charge for the year
8,797
801
3,934
358
1.672
37
17,401
627
31,804
1,823
At 31 March 2024
9.598
4.292
1.709
18,028
33,627
Net book value
At 31 March 2024
7.215
2,858
108
1,882
12,063
At 31 March 2023
5.796
3.216
145
2.509
11,666
6. Debtors
2024
2023
Amounts due from related parties..
The Lighthouse Project Limited
PAYE and NIC
Prepayments and accrued Income
55,771
4,257
9.095
61,475
743
6,797
69,123
69,015
7. Creditors
2024
2023
Trade creditors
Other creditors
Accruals
646
649
1.940
108
1,080
3,235
1.188
8. Wages and salaries
The average number of employees in the year was 6 {2023- 6>. No employees received total
employee benefits in excess of £60.000 in the current or prior year.
Page 12

THE LIGHTHOUSE PROJECT SPALDING
Notes to the Financial Statements
for the year ended 31 March 2024
g. Related party transactions
The Lighthouse Project Limited works closely with this charity and the company usually makes
donations out of profits each year and made a donab'on of £68,492 in the Gurrent financial period.
Mrs J J Tedbury. is the sole director of the company.
The company donates the cost of the chariws public liability insurance cover annually and thus the
insurance cost regarding this is not shown in the accounts of the chartty.
10. Trustees. remuneration and expenses
No remuneration or expenses. directly or indirectly out of the funds of the charity. was paid or
payable for the year to any trustee.
11. Control relationshlp
The charity is controlled by the trustees jointly and no individual can or does exert control over the
Page 13