2020-08-31-accounts - Lighthouse Futures Trust

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Report ofthe Trustees
Report of the Chief Executive Officer
Independent examiners	report
Statement of Financial	Activities
Balance Sheet
Notes to the Finandal	Statements

				Restricted Funds	Unrestricted Funds	Total 2020	Tote I 2019
Income snd endowments		from:	Note
DonsUons end legacies					2,032	2,032	10,512
Charitable activities				424,233		424,233	440,789
Other trading adivlUes					74,510	74,510	91,701
Investment income					53	53	146
Total				424,233	76,595	500,828	543,148
Expenditure on:
Raising funds			9	4,978	548	5,526	9,028
Charitable activities			10,11	382,950	91,686	474,636	527,196
Total				387,928	92,234	480,162	536,224
Net Income				36,305	(16,639)	20,666	6,924
Reconclgatlon offunda
Total funds brought	forward		19	37,849	74,040	111,689	104,765
Total funds carried	forward		19	73,954	58,401	132,355	111,689

				2020	2019
			Note
Fixed assets
Tangible assets			16	6,165	11,986
Current assets
Stock				1,376	3,352
Debtors			17	69,093	19,384
Cash at bank end in		hand		169,196	134,903
				239,665	157,639
Creditors: Amounts		falling due within one year	18	(113,475)	(57,936)
Net current	assets			126,190	99,703
Total assets	lese current liabilities			132,355	111,689
Net assets				132,355	111,689
Funds
Restricted income fund			19	73,954	37,649
Unrestricted	income	funds	19	58,401	74,040
Total funds				132,365	111,689

				Restricted	Unrestricted	Total	Total
				Funds	Funds	2020	2019
	Donations				2,032	2,032	10,512
					2,032	2,032	10,512
6	Charitable	activities
				Restricted	Unrestricted	Total	Total
				Funds	Funds	2020	2019
	Grant Income			240,169		240,169	261,352
	Government		grant income	184,064		184,064	179,437
							440,789
7	Other trading		activities
				Restricted	Unrestricted	Total	Total
				Funds	Funds	2020	2019
	Csffr income						90,816
	Gardening						885
	Government	grant Income			19,862	19,862
							91,701
8	Investment	Income
				Restricted	Unrestricted	Total	Total
				Funds	Funds	2020	2019
	Bank Interest		receivable		53	63	146
					53	53	146
9	Expenditure		on raising funds
					Restricted	Unrestricted	Total
					Funds	Funds	2020
	Internshlps				4,978		5,526
					4,978		5,526
					Restricted	Unrestricted	Total
					Funds	Funds	2019
						6
	Intemships				7,523	1,505	9,028
					7,523	1,505	9,028

10	Expenditu	re	on charitable	activities	by fund type
						Restricted	Unrestricted	Total
						Fortes	Funds	2020
	Donations	/ core				108,707		108,707
	Intsmshlps					265,273		265,273
	Micro businesses						90,689	90,689
	Supporl costs					8,970	997	9,967
						382,950	91,686	474,636
						Restricted	Unrestricted	Total
						Funds	Funds	2019
	Donations	/ core				141,431		141,431
	Intemships					282,042		282,042
	Micro businesses						99,843	99,843
	Support costs					3,104	776	3,880
						426,577	100,619	527,196
11	Expenditure		on charitable	activities	by activity type
						Activities		Total
						Undertaken	Support
						Directly	Costs	2020
	Donations	/ core				108,707	4,485	113,192
	Intemships					265,273	4,485	269,758
	Micro businesses					90,689	997	91,686
							9,967	474,636
						Activities		Total
						Undenaken	Support
						Directly	Costs	2019
	Donations	/ core				141,431	1,548	142,979
	Intemshlps					282,042	1,556	283,598
	Micro businesses					99,843	776	100,619
						523,316	3,880	527,196

Analysis of	support costs	support costs
					Donagons		/			Micro	Total
						core		Intemships		businesses	2020
Governance	costs					4,485			4,485	997	9,967
						4,485			4,485	997	9,967
					Donations/					Micro	Total
						core		Intemships		businesses	2019
Governance	costs					1,548			1,556	776	3,880
						1,548			1,556	776	3,880
Net Income
Net income for Ihe period indudes:
										2020	2019
Depreciation										6,557	12,972
Operating lease rentals										25,812	22,982
Fees payable		to the Independent		examiner	for.
- Independent		examination	ofthe	flnandal	statements					2,400	1,880
Staff costs
The total staff		costs and employee		benefits	for the reporgng	period ere anslysed			belovr.
										Total	Total
										2020	2019
Wages and salaries										335,706	348,532
Social security		costs								19,475	19,029
Employer pension costs										3,843	4,063
										359,024	371,624

16	Tangible Fixed Assets	Tangible Fixed Assets
									Rxtures	and	Furniture	and	Computer	Total
									flulngs		Equipment		Equipment
										E		E	E
	Cost
	At 1 September 2019								40,277			7,141	1,920	49,338
	Additions											769		769
	At 31 August 2020											7910	1 920	50107
	Depreciation
	At 1 September 2019								31,647			4,955	750	37,352
	Charged In year												307	6590
	At 31 August 2020												1 057	43 942
	Net book values
	At 31 August 2020												863	6165
	At 31August 2019													11986
17	Debtors
													2020	2019
													E	E
	Trade debtors												54,455	17,010
	Prepayments and accrued			Income									7,373	2,374
	Other debtors
18	Creditors: Amounts	falgng due			whhln	one year
													2020	2019
													E	E
	Trade creditors												4,040	9,113
	Other creditors induding		deferred		income								103,861	46,354
	Other taxation and social		security
19	Funds
									Balance al	I				Balance at
									September					31 August
									2019		Income		Expenditure	2020
										E		E		E
	Restricted funds
	Grant - Anonymous Grant - Co-op Grant - Esmee Falrbalm										14,634 4,875 20,003		(14,634) (4,875) (20,003)
	Grant - Esmee Falrbalm		COVID								10,000		(10,000)
	Grant - Lowell											3,600	(3,600)
	Grant - Mazars											1,739	(1,739)
	Grant - National Lottery Connedions											1,855	(1,855)
	Grant —Sodexo											4,798	(4,798)
	Grant - The Archer Trust											3,000	(3,000)
	Grant - yor4good Access to Work Job Coach			Support							800 85,663		(800) (85,663)
	Talent City Sponsorship for National Provision of intemshlps		SEND forum						37,649		27,692 2,750 58,760		(27,692) (2,750) (22,455)	73,954
	Coronavlrus Job Retention			Scheme Grants							22,605		(22,605)
	Leeds City Council funding			for Inclusion		SEND					18,720		(18,720)
	Leeds City Council properly North York Council			grant							10,000 3,130		(10,000) (3,130)
	Wekegeld Council - Funding			for Inclusion								7,070	(7,070)
	Bradford City Council	- Employer engagement						partnership				7,710	(7,710)
	ESFA High needs places										114629		387928	73954
	Unrestricted funds
	Donations /core								53,390			2,032	(548)	54,874
	Micro businesses								20,650		54,648		(71,824)	3,474
	Coronsvlrus Job Retention			Scheme Grants			—Cafs				19,862		(19,862)
	Investment income											53		53
											76,595		92 234	58,401
	Total funds								111	689	500828

Funds (continued)	Funds (continued)
						Balance at 1			Balance st 31
						April 2018 f.	Incomef	Expenditure f.	March 2019
Restricted funds
Donations / core						4,870		(4,870)
Grant	- ESFCommunity/Groundwork			UK			1,695	(1,695)
Grant	- Esmee Fairbaim						13,333	(13,333)
Grant	- Lloyds Foundagon						12,000	(12,000)
Grant	- Leeds Community		Foundation	(micro-businesses)			2,183	(2,183)
Grant	—Leeds Communiiy		Foundation	(recruitmsnt	service)		3,850	(3,850)
Grant	- Lowell						4,592	(4,592)
Grant	- Preparation	for Employment					10,290	(10,290)
Provision of intemships						18,301	392,846	(373,498)	37,649
Micro	businesses
						30,960			37,649
Unrestricted funds
Donations / core						71,197	8,023	(25,830)	53,390
Micro	businesses								20,650
									74,040
Total	funds								111,689

20	Analysis	of n	et a	ssets between fu	nds
							Restricted	Unrestricted	Total
							Funds	Funds	2020
							E	E	E
	Tangible Current	fixed assets	assets				6,165 181,264	68,401	6,165 239,665
	Current	gabgltles
	Net assets
							Restrkted	Unrestricted	Total
							Funds	Funds	2019
							E	E	E
	Tangible Current	gxed assets	Besets				11,986 83,699	74,040	11,986 157,639
	Current	gabgltles
	Net assets
21	Opsrettng lease			commitments
	The total	minimum		lease payments	under non-cancellable	operating	leases ere as fogows:	2020	2019
								E	E
	Notlaterthan		1 year					16,866	27,728
	Later than 1 year			and not later than	5 yearn			16,866	32,876