LIGHTHOUSE CHURCH OF GOD APOSTOLIC Charity Registration No 1140633 REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
LIGHTHOUSE CHURCH OF GOD APOSTOLIC Contsnts Page Trustees, Report Accountants, Report Income and Expenditure Account Balan Sheet Notes to the Financial Ststements
Page I LIGHTHOUSE CHURCH OF GOD APOSTOLIC TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024 The trustees present the financial statements of the charity for the year ended 31 March 2024. The financial statements have been prepared in accordance with the Financial Reporting Standards for Smaller Entities, Part 15 the Companies Act 2006 and follow the recommendations in Accounting and Reporting by Chartties: Statement of Recommended Practice. Objectives Of The Charity The object of the charity is to advance the Christian Religion. promote religious activities, provide teaching and all associated operations including publishing and sale of literature in order to raise funds and to invite and re1ve contributions in furtheran of it's objeGtives. Trustees The following were trustees of the charity throughout the year unless otherwise stated: C Patterson E Abioye M Edwards A Pearson This report was approved on behalf of the Board on the 23 January 2025 C Patterson Trustee
Page 2 ACCOUNTANTS, REPORT TO THE TRUSTEES ON THE UNAUDITED ACCOUNTS OF LIGHTHOUSE CHURCH OF GOD APOSTOLIC FOR THE YEAR ENDED 31 MARCH 2024 As described on the balance sheet you are responsible for the preparation of the accounts for the year ended 31 March 2024. set out on pages 3 to 5 and you consider that the company is exempt from an audit. In accordance with your instructions. I have compiled these unaudited accounts in order to explanations supplied to us. WSManlz&Co Chartered Accountants 90 Brixton Hill London SW2 1QN Date: 23 January 2025
Page 3 LIGHTHOUSE CHURCH OF GOD APOSTOLIC INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Incoming Resoures Tithes & Offerings Other Income Gifts Aid Interest Received 68,932 193 77,032 261 72 69,197 62 77,355 Resources Expended Cost of generating funds Premises cost CharitylEvangelism Speakers 57.736 21,477 1,086 80,299 26,905 17,071 1,000 44.976 Charitsble Expenditure Staff costs Professional Fees Depreciation Administration expenses Total Resources Expended 12,248 2,692 10,546 2,779 1,400 7,294 22,019 5,961 20.901 Net Movement In Funds 32,003) 10,361 Total funds at 31 March 21,358 53,361 All income and expenditure on ordinary activities are attributable to continuing operations. The company has no recognised gains or losses other than the income for the year.
Page 4 LIGHTHOUSE CHURCH OF GOD APOSTOLIC BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Fixed Assets Equipment NBV BIFwd Additions Depreciation Equipment NBV CIFwd 4,465 4,465} Current Assets Loans Receivable Bank & Cash 6,000 50,168 56,168 24,049 24,049 Current Liabilities Creditors.. Amounts falling due within one year 2,691 2,807 Net Current Liabilities 21,358 53,381 Net Assets 21,358 53,361 Unrestricted Funds Accumulated Fund EX$S Income l (Expenditure) For The Year 53,361 (32,003) 43.000 10,361 21,358 53,361 In preparing th¢se financial slatements". For the year ¢nded 31 March 2024 the ¢harity was entitled to exwption from audit under section 477 of the Companies Act 2006 r¢lating to small companies. The Tn[¢¢$ responsibilities. The members have not required th¢ company to obtsin an audit of its xcounts for the yw in qu¢5tiott in accordance with section 476. The Trustees a¢knowledge their re5wnsibilities for complying with the wutr¢m¢nts of the Act with res to accounting records and the preparation of accounts. These accounts have been prepared tn ¥cordan¢e with the provisions appltcable to cowi¢s subject to the small ¢ompanie5 re8ime. Th¢ aounts were approved by the board on th¢ 23 January 2025 and signed i)D its beIlf. C Patterson
Page 5 LIGHTHOUSE CHURCH OF GOD APOSTOLIC NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting Pollcles Basls Of Preparation Of Accounts The acGounts have been prepared under the historical cost convention using the following accounting policies. Income Resources and Expendlture Sncome and expenditure is included on an accruals basis and 15 allocated to the different categories of the Statement of Financial Activities on a basis which reflects the day to day operations ofthe charity. Depreclation Depreciation is calculated to vlte off the cost of the fixed assets over their useful lives, using the following rates and methods: Category Rate Method Equipment 25¥0 Straight Line Depreciation is increased if the net book value, as calculated using the above rates, is higher than Ihe expected residual value. Cashflow The company has taken advantage of the exemption in Financial Reporting Stsnd8rd No 1 from the requirement to produ a cash flow statement on the grounds that ti is a small company.