## Lighthouse Futures Trust
Charity number 1145829
A company limited by guarantee number 07810498
## Annual Report and Financial Statements
for the year ended 31 August 2022
## Lighthouse Futures Trust
Annual Report and Financial Statements for the year ended 31 August 2022
|**Contents**|**Page**|
|---|---|
|Trustees' report|2 to 6|
|Examiner's report|7|
|Statement of financial activities|8|
|Balance sheet|9|
|Statement of cashflows|10|
|Notes to the accounts|11 to 18|
**Prepared by West Yorkshire Community Accountancy Service CIO**
1
## Lighthouse Futures Trust
## Trustees' report for the year ended 31 August 2022
## **Reference and administrative details of the charity, its trustees and advisors**
The trustees during the financial year and up to and including the date the report was approved were: **Name Position Dates**
**Name Position Dates** David Lewis Chairman Ian Campbell Tony Cuthbertson David Inglis Jean Senglow Navtej Singh Chohan Paul Staniland **Charity number** 1145829 **Company number** 07810498 **Registered and principal address Bankers** Moorfield House Lloyds Bank plc Alma Road 6-7 Park Row Leeds LS6 2AH Leeds LS1 1NX
Resigned 31 May 2022
Resigned 28 October 2021 Registered in England and Wales Registered in England and Wales
## **Independent examiner**
Simon Bostrom FCIE **West Yorkshire Community Accountancy Service CIO** Stringer House 34 Lupton Street Leeds LS10 2QW
## **Structure, governance and management**
The charity is a company limited by guarantee and was formed on 14 October 2011. It is governed by a memorandum and articles of association as amended by special resolution on 10 January 2012. The liability of the members in the event of the company being wound up is limited to a sum not exceeding £10.
## **Method of recruitment and appointment of trustees**
The trustees of the charity are also the directors for the purposes of company law and are appointed by the trustees at a properly convened meeting of the trustees.
2
## Lighthouse Futures Trust
## Trustees' report (continued) for the year ended 31 August 2022
## **Objectives and activities**
## **The charity's objects**
The charity's objects are specifically restricted, to advance education and relieve those in need by reason of youth, age, ill health, disability, financial hardship or other disadvantage for the public benefit, and in particular, but without prejudice to the generality of the foregoing by raising funds or providing resources and facilities to the Lighthouse School, developing out of school activities and offering guidance and support to parents of children with autistic spectrum disorder and the wider autism community.
## **The charity's main activities**
Our aim is to support young adults, aged 16-25, who are autistic, have a Learning Difficulty or other support need, to develop the social and employability skills they need to secure paid employment or meaningful volunteering.
Pre-covid statistics revealed that just 6% of young adults with a learning disability and 16% of those with autism are in employment. These figures will have worsened due to the global pandemic, particularly in areas such as hospitality and retail, two areas where people with learning disabilities have previously been successful in finding jobs.
We know that many more young people want to be in work but lack access to specialist support to help overcome the barriers they may face in seeking paid work. Our activities are designed to help address these and other issues through a series of tailor-made programmes that range from one-off support preparing for a job interview, through to a full 10-month internship.
We use a range of teaching and learning methods with a focus on “experiential learning” and learning by doing as we find that this approach helps our students develop the skills and self-confidence they need to succeed.
## **Public benefit statement**
In setting our objectives and planning our activities our Trustees have given careful consideration to the Charity Commission’s public benefit guidance.
Our charitable objective is to enhance the employability prospects (and to relieve those in need) by providing resources, employment opportunities and facilities to young people with autistic condition and learning difficulties in the wider community.
We have detailed below what we have done to carry out these purposes for the public benefit by working with young people with additional needs, their families & carers and local employers.
## **Achievements and performance**
Lighthouse Futures Trust has been a Specialist Post 16 Institution since 2018. We have seen our numbers grow from 3 in September 2018 to 27 in September 2021 (and 53 in September 2022).
2021-22 was an exciting year for us as we were able to re-launch our core activities, many of which had been curtailed due to the pandemic, as well as introducing a range of new and innovative programmes.
- l **World of Work:** a new initiative for 2020-21 aimed at younger students, from local specialist schools, who were able to experience an employability programme for 1 day a week. We welcomed over 30 students from four different schools during the year.
- l **PAES:** stands for Practical Assessment Exploration System. The programme was developed in the USA and is being piloted by us in the UK. This focuses on helping students learn 100+ different practical skills in a range of sectors such as Consumer, Retail, Business & Marketing.
- l **Pre-internship:** another innovation for 2021, designed for students aged 16-18 or who are not ready for the world of work. We supported 7 students on a 10-month programme focusing on employment and liveability.
3
## Lighthouse Futures Trust
## Trustees' report (continued) for the year ended 31 August 2022
## **Achievements and performance continued**
- l **Supported Internship:** a 10-month programme which typically involves 3 days a week on a work placement and up to 2 days studying English, Maths and Employability. This year we had 20 interns who worked on site with our longer-term partners such as the John Lewis Partnership and Johnson and Johnson as well as new employers including HMRC and a new partnership with NHS Leeds and Project Search.
- l **Branching Out:** a practical programme providing work experience in gardening and grounds maintenance. This year we were able to expand our programme with Leeds City Council by working in Roundhay Park as well as at Lotherton Hall. Four interns took part in the programme for 3 days a week and we also welcomed a team of 8 students from Lighthouse School for one day a week.
- l **Talent Recruitment:** our specialist service that provides tailor-made support to adults who need support to access paid work who are not on one of our formal programmes has also been busy and has achieved some great results.
We continue to achieve excellent results which we attribute to our talented staff and committed employers and to the amazing students who we are privileged to support. This year 16 of our Supported Interns graduated from the programme with 12 moving into paid employment and 1 moving onto a College Course. These results mean we have supported 81% of our graduating interns into paid employment/further education which is an outstanding result. And we continue to work with the remaining 3 interns to help them secure a positive outcome.
We have been active, in Leeds, with the Leeds Learning Disability Employment Task Group which is a crosssector collaborative partnership designed to improve outcomes for jobseekers with learning disabilities. The employer sub-group is chaired by our CEO and was launched, in June 2022, with over 100 people from 80+ different employers in attendance. The group now meets quarterly and is called the Leeds Inclusive Employers Network (LIEN).
We continue to support the development of the National Send Employment Forum (NSEF) that our CEO founded in 2019. This group meets virtually, every two months, and consists of 50+ different providers who share ideas and experience on a regular basis.
We have also been one of the lead partners in a citywide project called Healthier Working Futures, funded by the UK government through the UK Community Renewal Fund. This involved us working with the Leeds Health & Care Academy, third sector partners and a range of other health and social care initiatives to enable more young people to secure paid employment within the wider health and care sector. The initiative was a great success, and we were able to exceed all our targets.
## **Fundraising**
Our core funding comes from the Education & Skills Funding Agency and the local Councils in Leeds, Bradford and North Yorkshire and underpins the work we do with our interns.
Thanks to our charitable status, we can access other funding to enable us to run an enhanced programme which, in 2021-22 included:
- l **Be Your Own Boss** programme, run by the Realistic Business Consortium and funded by Children in Need and the Youth Futures Foundation which enabled students to learn how to set up and run your own business. This resulted in a business plan being prepared for a social gardening business, and the launch of a new range of candles under the Blossom & Light range.
- l An anonymous private donor funded the expansion of our **Wellbeing and Resilience** programme for both students and staff. This has made a significant difference to our students who were able to develop invaluable soft skills including: self-confidence; team working; using initiative; and effective communications.
Thanks to all our funders: Co-op Local Community Fund; Leeds Community Foundation; Screwfix Foundation; the Social Enterprise Support Fund; Bam Nuttall; and Leeds City Council.
4
## Lighthouse Futures Trust
## Trustees' report (continued) for the year ended 31 August 2022
## **Plans for 2022-23**
We continue to experience considerable growth and are preparing to welcome 24 pre-interns and 29 Supported Interns in September 2022, an increase from 7 and 20 respectively in 2021. Our plans for the year include:
- l Expand the work we do in our newly refurbished PAES lab by introducing more modules including construction, processing and IT.
- l Increase staff numbers to c. 30 employees, to support the growth in our student numbers.
- l Secure a longer-term physical base for the College.
- l Introduce a new Counselling and Wellbeing service for students and staff.
- l Pilot our new pre-internship programme.
- l Continue to work with current employer partners (NHS Leeds, Johnson & Johnson, the John Lewis Partnership and HMRC) as well as launching internships with Michael Page and NHS Shared Business Services.
- l Continue to engage with organisations across the city to support them to become more inclusive and diverse employers.
- l Expand our board of trustees.
We are very proud of our tremendous achievements in 2021-22. We simply couldn’t do this without an extremely talented and dedicated team of staff and volunteers who, every day, work tirelessly to help deliver our objectives and put the interns at the very heart of what we do. They are supported by a very engaged board of trustees, whose oversight and support is vital. We are very fortunate to work with a team of inclusive employers who are flexible and understanding and, so often, go out of their way to support their interns. The last word goes to our interns who, every day, make us very proud to be associated with Lighthouse Futures Trust with their resilience, positive attitude and incredible achievements.
## **Financial review**
The net income for the year was £59,319, including net income of £78,462 on unrestricted funds and net expenditure of £19,143 on restricted funds.
## **Reserves policy**
The charity's free reserves, excluding fixed assets, at the year end were £227,353.
The trustees have determined that an appropriate level of unrestricted reserves is to be held by the charity to cover its commitments, enable the smooth running of the charity and allow for an orderly winding up should the charity need to close. The policy is that the reserves should be at least 3 month's running costs and not more than 6 month's running costs. This would equate to between £275k and £550k based on forecast expenditure of £1.1m. The forecast expenditure includes significant expansion which necessarily comes before any increase in reserves. The trustees have undertaken a review of the level of reserves and are satisfied that the charity is solvent and given the nature of the forecast expenditure the charity could be wound up in an orderly manner incurring less than the level of reserves at the year-end.
David Lewis (Chair) Katie Parlett (CEO)
5
## Lighthouse Futures Trust
## Trustees' report (continued) for the year ended 31 August 2022
## **Statement of trustees' responsibilities**
The trustees (who are also the directors for the purposes of company law) are responsible for preparing the Trustees report and the financial statements in accordance with the applicable law and UK Accounting Standards.
Company law requires the trustees to prepare financial accounts for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for the year. In preparing these financial statements, the trustees are required to:
select suitable accounting policies and apply them consistently;
observe the methods and principles in the Charities SORP;
make judgements and estimates that are reasonable and prudent;
state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
prepare the accounts on a going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial accounts 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.
This report has been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (Charities SORP (FRS102)), and in accordance with the special provisions of the Companies Act 2006 relating to small companies.
Approved by the board of trustees on 1 March 2023
David Lewis (Trustee)
6
## Lighthouse Futures Trust
## Independent examiner's report to the trustees of Lighthouse Futures Trust
I report to the charity trustees on my examination of the accounts of the charitable company for the year ended 31 August 2022, which are set out on pages 8 to 18.
## **Responsibilities and basis of report**
As the charity's trustees of the charitable company (and also 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 charitable company 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 your charity's accounts as carried out under section 145 of the Charities Act ('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**
Since the charitable company's gross income exceeded £250,000 your examiner must be a fellow of a body listed in section 145 of the 2011 Act.
I confirm that I am qualified to undertake the examination because I am a fellow of ACIE which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- 1 accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or 2 the accounts do not accord with those records; or
- 3 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
- 4 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 [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
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.
Simon Bostrom FCIE
6 March 2023
## **West Yorkshire Community Accountancy Service CIO**
Stringer House 34 Lupton Street Leeds LS10 2QW
7
## Lighthouse Futures Trust
## Statement of Financial Activities
## (including summary income and expenditure account) for the year ended 31 August 2022
|Notes
2022
Unrestricted
funds
£
**Income from:**
Donations and legacies
(2)
10,415
Charitable activities
(3)
519,846
Other trading activities
(4)
1,173
Bank interest
34
**Total income**
531,468
**Expenditure on:**
Raising funds
(5)
398
Charitable activities
(6)
452,608
**Total expenditure**
453,006
**Net income / (expenditure)**
78,462
**Fund balances brought forward**
203,811
**Fund balances carried forward**
(7)
282,273|2022
Restricted
funds
£
-
258,645
-
-
258,645
-
277,788
277,788
(19,143)
120,657
101,514|2022
Total
funds
£
10,415
778,491
1,173
34
790,113
398
730,396
730,794
59,319
324,468
383,787|2021
Total
funds
£
2,889
560,380
3,259
18
566,546
-
474,249
474,249
92,297
232,171
324,468|
|---|---|---|---|
All incoming resources and resources expended derive from continuing activities.
8
## Lighthouse Futures Trust
## Balance sheet
|as at 31 August 2022
2022
Unrestricted
£
**Fixed assets**
Tangible assets
(8)
69,150
**Total fixed assets**
69,150
**Current assets**
Stock
2,162
Debtors and prepayments
(9)
55,136
Cash at bank and in hand
(10)
259,320
**Total current assets**
316,618
**Current liabilities:**
**amounts falling due within one year**
Creditors and accruals
(11)
89,265
**Total current liabilities**
89,265
**Net current assets / (liabilities)**
227,353
**Total assets less current liabilities**
296,503
**Creditors: amounts falling due after one year**
(12)
14,230
**Net assets**
282,273
**Funds**
Unrestricted funds
282,273
Restricted funds
-
**Total funds**
282,273|2022
Restricted
£
-
-
-
-
101,514
101,514
-
-
101,514
101,514
-
101,514
-
101,514
101,514|2022
Total
£
69,150
69,150
2,162
55,136
360,834
418,132
89,265
89,265
328,867
398,017
14,230
383,787
282,273
101,514
383,787|2021
Total
£
30,486
30,486
575
52,711
308,916
362,202
68,220
68,220
293,982
324,468
-
324,468
203,811
120,657
324,468|
|---|---|---|---|
For the year ending 31 August 2022 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the charitable company to obtain an audit of its accounts for the year in question in accordance with section 476. The trustees (who also the directors for the purposes of company law) acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime and with FRS 102 (effective January 2019).
The financial statements were approved by the board of trustees on 1 March 2023
David Lewis (Trustee)
9
## Lighthouse Futures Trust
## Statement of cash flows
## as at 31 August 2022
|**Cash flows from operating activities:**
**Net cash provided by (used in) operating activities**
**Cash flows from investing activities:**
Dividends and interest
Proceeds from the sale of tangible fixed assets
Purchase of tangible fixed assets
**Net cash provided by (used in) investing activities**
**Cash flows from financing activities:**
Repayments on borrowing
Cash inflows from new borrowing
**Net cash provided by (used in) financing activities**
Change in cash and cash equivalents in the reporting period
Cash and cash equivalents at the beginning of the reporting period
**Cash and cash equivalents at the end of the reporting period**
Adjustments for:
Depreciation charges
Dividends and interest from investments
Interest payable on loan finance
(Increase) / decrease in stocks
(Increase) / decrease in debtors
Increase / (decrease) in creditors
**Net cash provided by (used in) operating activities**
**Analysis of cash and cash equivalents**
Notice deposits (less than 30 days)
**Total cash and cash equivalents**
**Reconciliation of net movement in funds to net cash flow**
**from operating activities**
Net movement in funds for the reporting period (as per the
statement of financial activities)
Cash in hand|2022
£
94,574
34
-
(60,160)
(60,126)
(5,605)
23,075
17,470
51,918
308,916
360,834
2022
£
59,319
21,496
(34)
1,375
(1,587)
(2,425)
16,430
94,574
2022
£
118
360,716
360,834|2021
£
176,616
18
1,265
(38,179)
(36,896)
-
-
-
139,720
169,196
308,916
2021
£
92,297
12,593
(18)
-
801
16,382
54,561
176,616
2021
£
166
308,750
308,916|
|---|---|---|
10
## Lighthouse Futures Trust
## Notes to the accounts
for the year ended 31 August 2022
## **1 Accounting policies**
## **Basis of accounting**
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by 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) and with the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102. There has been no change to the accounting policies since last year.
No changes have been made to the accounts for previous years.
## **Going concern**
The trustees are satisfied that there are no material uncertainties about the charity's ability to continue.
## **Incoming resources**
All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity becomes entitled to the resources, it is more likely than not that the trustees will receive the resources and the monetary value can be measured with sufficient reliability.
## **Grants and donations**
Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources.
Where grants are related to performance and specific deliverables, they are accounted for as the charity earns the right to consideration by its performance.
## **Expenditure and liabilities**
Expenditure is recognised on an accrual basis as a liability is incurred. Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out the resources and the amount of the obligation can be measured with reasonable certainty.
## **Taxation**
As a charity the organisation benefits from rates relief and is generally exempt from income tax and capital gains tax but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates.
## **Tangible fixed assets**
Tangible fixed assets are capitalised and included at cost including any incidental expenses of acquisition. Gifted assets are shown at the value to the charity on receipt.
Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost on a straight line basis over their expected useful economic lives as follows: Furniture and equipment: over 5 years Fixtures and fittings: over 5 years Computer and IT equipment: over 4 years Leasehold property improvements: over the life of the lease
11
## Lighthouse Futures Trust
## Notes to the accounts
for the year ended 31 August 2022
## **1 Accounting policies continued**
## **Pensions**
The charity operates a defined contribution scheme for the benefit of its employees. The costs of contributions are recognised in the year they are payable.
## **Fund accounting**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.
Further explanation of the nature and purpose of each fund is included in the notes to the accounts.
## **Leases**
Rents under operating leases are charged on a straight line basis over the lease term or to an earlier date if the lease can be determined without financial penalty.
12
## Lighthouse Futures Trust
## Notes to the accounts continued
## for the year ended 31 August 2022
|**2 Donations and legacies**
General donations
**3 Charitable activities**
**Grant income**
Children in Need Youth Futures Foundation
Co-op Local Community Fund
Department for Education (DfE)
DfE 16-19 Bursary Fund
Department for Work and Pensions (DWP)
Key Fund Investments Limited
Leeds Community Foundation
Leeds Health and Care Academy
Screwfix Foundation
Social Enterprise Support Fund
Volition Leeds
HMRC Job Retention Scheme (JRS)
Sodexo Foundation
West Yorkshire Combined Authority (WYCA)
YORhub
Other funding
**Contracts and Service Level Agreements**
Broomfield SILC
Department of Work and Pensions
East Specialist Inclusive Learning Centre
Education & Skills Funding Agency (ESFA)
ESFA bursary and tuition funds
Leeds City Council Funding for Inclusion
Lighthouse School
North Yorkshire County Council
West Specialist Inclusive Learning Centre
City of Bradford Met. District Council
Shipley College|2022
Unrestricted
funds
£
10,415
10,415
2022
Unrestricted
funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
12,090
102,436
15,146
285,930
-
82,550
16,250
854
4,590
-
-
519,846|2022
Restricted
funds
£
-
-
2022
Restricted
funds
£
15,250
303
18,933
4,800
1,500
6,925
9,635
126,821
4,500
35,645
4,740
-
-
-
-
25,000
-
-
-
-
4,593
-
-
-
-
-
-
258,645|2022
Total
funds
£
10,415
10,415
2022
Total
funds
£
15,250
303
18,933
4,800
1,500
6,925
9,635
126,821
4,500
35,645
4,740
-
-
-
-
25,000
12,090
102,436
15,146
285,930
4,593
82,550
16,250
854
4,590
-
-
778,491|2021
Total
funds
£
2,889
2,889
2021
Total
funds
£
15,250
-
10,716
-
-
-
-
-
-
-
-
8,810
5,000
7,000
1,740
65,000
-
188,335
3,150
177,421
-
57,092
-
2,889
-
7,977
10,000
560,380|
|---|---|---|---|---|
13
## Lighthouse Futures Trust
## Notes to the accounts continued
## for the year ended 31 August 2022
|**4 Other trading activities**
Café income
Sales of goods
**5 Expenditure on raising funds**
Internships
**6 Expenditure on charitable activities**
Internships
**Analysis of support costs**
Finance
Office costs - IT
Professional fees - HR
Payroll admin
Independent examination
Professional fees - accountancy and legal|2022
Unrestricted
funds
£
-
1,173
1,173
2022
Unrestricted
funds
£
398
398
2022
Undertaken
directly
£
669,400
669,400|2022
Restricted
funds
£
-
-
-
2022
Restricted
funds
£
-
-
2022
Support
costs
£
60,996
60,996|2022
Total
funds
£
-
1,173
1,173
2022
Total
funds
£
398
398
2022
Total
£
730,396
730,396
2022
Total
funds
£
29,758
14,673
2,551
1,865
3,000
9,149
60,996|2021
Total
funds
£
469
2,790
3,259
2021
Total
funds
£
-
-
2021
Total
£
474,249
474,249
2021
Total
funds
£
20,210
8,228
226
1,753
3,000
6,967
40,384|
|---|---|---|---|---|
14
## Lighthouse Futures Trust
## Notes to the accounts continued
## for the year ended 31 August 2022
|**7 Restricted funds**
Lowell
National Lottery Connections
Sodexo
Anonymous donor
DfE cap 20/21
ESF/ Groundwork UK
CIN Youth Futures Foundation
WYCA
BAM Nuttall
Leeds Health & Care Academy
Anonymous donor
Social Enterprise fund
Keyfund
Volition
Leeds Community Foundation
DWP Kickstart fund
Co-op Community Fund
ESFA Bursary Fund
DfE 16-19 Bursary Fund
Screwfix Foundation|Balance b/f
£
8,060
5,735
3,193
74,819
10,485
7,810
4,860
4,000
1,695
-
-
-
-
-
-
-
-
-
-
-
120,657|Incoming
£
-
-
-
-
18,933
-
15,250
-
-
126,821
25,000
35,645
6,925
4,740
9,635
1,500
303
4,593
4,800
4,500
258,645|Outgoing
£
8,060
5,735
1,938
74,819
29,418
-
20,110
4,000
1,695
92,234
15,170
3,929
6,925
920
3,600
1,500
-
-
3,235
4,500
277,788|Transfers
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|Balance c/f
£
-
-
1,255
-
-
7,810
-
-
-
34,587
9,830
31,716
-
3,820
6,035
-
303
4,593
1,565
-
101,514|
|---|---|---|---|---|---|
**Fund name** Lowell
National Lottery Connections
## **Purpose of restriction**
To provide support for young people with learning disabilities, aged 16-25, to help develop employability skills through attending seminars and going on visits to employers.
To fund the Connections club, a monthly social event for young adults aged 18-30.
Sodexo To provide mental health services for students. Anonymous donor To provide Talent City recruitment and Beacon Cities project. DfE cap 20/21 To do capital works/refurbishment on building. ESF/ Groundwork UK To provide an employability programme. CIN Youth Futures Foundation To provide a self-employment project. WYCA Creating educational resources for special schools. BAM Nuttall Funds raised from sponsored cycle to be used against PAES Construction lab.
Leeds Health & Care Academy
Anonymous donor Social Enterprise fund Keyfund Volition Leeds Community Foundation DWP Kickstart fund Co-op Community Fund ESFA Bursary Fund DfE 16-19 Bursary Fund
Screwfix Foundation
To provide support for young adults 16-25 who are interested in a career in the Health & Care Sector.
Towards the costs of the wellness project.
To help to increase trading income, employability & job coach training. Towards office refurbishment costs. For the employment task group. For the Job Coach project. To fund the employment of a young person. Towards the cost of wellness resources.
To form a bursary and tuition fees fund for students.
To provide a bursary for students in certain vulnerable groups who meet particular criteria with costs towards attending college. To kit out the PAES room.
15
## Lighthouse Futures Trust
## Notes to the accounts continued
## for the year ended 31 August 2022
|**8 **
**9 **
**10 **
**11 **|**Tangible assets**
**Cost**
At 1 September 2021
Additions
At 31 August 2022
**Depreciation**
At 1 September 2021
Charge for year
At 31 August 2022
**Net book value**
At 31 August 2022
At 31 August 2021
**Debtors and prepayments**
Debtors
Prepayments
Accrued income
Provision for doubtful debts
**Cash at bank and in hand**
Cash at bank
Cash in hand
**Creditors and accruals**
Bank loans and overdrafts
Creditors
Accruals
Taxation and social security
Other creditors|£
22,591
45,426
68,017
4,519
13,605
18,124
49,893
18,072
Leasehold
property
i|£
16,020
13,645
29,665
4,574
7,420
11,994
17,671
11,446
Computers
and IT
i
t|£
3,393
1,089
4,482
2,425
471
2,896
1,586
968
2022
£
14,175
40,222
739
-
55,136
2022
£
360,716
118
360,834
2022
£
4,615
62,485
13,948
7,022
1,195
89,265
Furniture
and
i
t|Total
£
42,004
60,160
102,164
11,518
21,496
33,014
69,150
30,486
2021
£
32,391
31,303
2,911
(13,894)
52,711
2021
£
308,750
166
308,916
2021
£
-
28,825
33,654
4,866
875
68,220|
|---|---|---|---|---|---|
16
## Lighthouse Futures Trust
## Notes to the accounts continued
## for the year ended 31 August 2022
|**12 Creditors: amounts falling due after one year**
Bank loans
**13 Staff costs and numbers**
Gross salaries
Social security costs
Pensions|2022
£
14,230
14,230
2022
£
339,144
23,607
11,211
373,962|2021
£
-
-
2021
£
261,642
20,367
4,323
286,332|
|---|---|---|
The average number of employees during the year was 17.2, being an average of 14 full time equivalent (2021: 13.9, 9.5 FTE). There were no employees with emoluments above £60,000.
|**Defined contribution pension scheme**|2022
2021|
|---|---|
|Costs of the scheme to the charity for the year|£
£
11,211
4,323|
|Amount of any contributions outstanding at the year end|1,195
876|
## **Related party transactions**
## **Trustee expenses**
No trustee received any expenses during this year or the previous year.
## **Trustee remuneration and benefits**
No trustee received any remuneration or benefits during this or the previous year.
## **Remuneration and benefits received by key management personnel**
The total employee benefits received by key management personnel were £110,707 (previous year: £110,744).
No trustee received any remuneration or benefit in this capacity during this or the previous year.
## **Other related party transactions**
During the year the charity engaged Weightmans Solicitors. David Lewis, (Chair of the trustees) is a partner in that firm. Total fees paid to the firm during the year were £6,193 (2021: £1,200).
## **14 Operating leases**
|Within one year
In the second to fifth years inclusive
Over five years from the balance sheet date
Expected future minimum lease payments over the remaining life of the
lease, analysed into the period in which the commitment falls due:|2022
£
105,255
413,940
-
519,195|2021
£
65,255
519,195
-
584,450|
|---|---|---|
17
## Lighthouse Futures Trust
## Statement of Financial Activities including comparatives for all funds (including summary income and expenditure account) for the year ended 31 August 2022
|2022
2021
Unrestricted Unrestricted
funds
funds
£
£
**Income**
Donations and legacies
10,415
1,194
Charitable activities
519,846
269,443
Other trading activities
1,173
3,259
Bank interest
34
18
**Total income**
531,468
273,914
**Expenditure**
Raising funds
398
-
Charitable activities
452,608
142,682
**Total expenditure**
453,006
142,682
**Net income / (expenditure)**
78,462
131,232
**Transfers between funds**
-
14,178
**Net movement in funds**
78,462
145,410
**Fund balances brought forward**
203,811
58,401
**Fund balances carried forward**
282,273
203,811|2022
Restricted
funds
£
-
258,645
-
-
258,645
-
277,788
277,788
(19,143)
-
(19,143)
120,657
101,514|2021
Restricted
funds
£
1,695
290,937
-
-
292,632
-
331,567
331,567
(38,935)
(14,178)
(53,113)
173,770
120,657|2022
Total
funds
£
10,415
778,491
1,173
34
790,113
398
730,396
730,794
59,319
-
59,319
324,468
383,787|2021
Total
funds
£
2,889
560,380
3,259
18
566,546
-
474,249
474,249
92,297
-
92,297
232,171
324,468|
|---|---|---|---|---|
18