## **ANNUAL REPORT** ## **2022/2023** ## Registered Address 62 Cromer Road Sheringham NR26 8RT Charity Registration Number 1146572 ## Leadership Team Rev I Savory (Minister) T Rev P Skivington (Youth Minister) Rev D Ward (Community Pastor ) Mr I Charsley (Secretary) T Mr C Harrison T ## Management Team Mr M Barr (Treasurer) T Mr I Kidger T Mr T Dawson T Mr A Frere-Smith T Mrs B Gabriel T T= Trustees ## Property Trustees The Baptist Union Corporation Limited Baptist House 129 Broadway Didcot Oxfordshire OX11 8RT Bankers Barclays Sheringham Branch Independent Examiner Timothy HIGNETT and Partners Ltd ## Annual Report for 2022/2023 The Trustees present their Annual Report and financial statements. ## Charitable Object The Charity is governed by an Approved Governing document known as our Constitution (adopted 29 February 2012) which states that the principal purpose of the charity is the advancement of biblical Christian faith and also to advance education and other charitable purposes in the UK and/or other parts of the world. Since September 2013, the Church occupies the new building at 62 Cromer Road which is held by Baptist Union Corporation Trusts entirely compatible with the above object. ## Organisational Structure and Decision making processes Covenant Partners (Members) of the Church are accepted in accordance with the Constitution which requires them to normally have been publicly baptised by immersion on their profession of faith in Jesus Christ. Partners’ Meetings take place during the year, one of which is the AGM. In accordance with the Constitution, Covenant Partners elect Trustees who together with the Leadership Team are responsible for the day to day running of the Church’s work and witness and the financial and legal aspects of the Charity. All partners are encouraged to take an appropriate part in the spiritual and practical tasks involved in the furtherance of the charitable objective. ## Objectives and Activities Central to the work and witness of the Church is the provision of a regular public service of Christian worship held each Sunday morning at 10.15am. There are also occasional services at other times which are advertised on the Church Notice Board, Facebook and the website www.lighthousesheringham.org. There is a full children and young people’s programme during the morning services. The Church seeks to be a friendly and welcoming community and anybody is free to attend any of these services. The Church is involved with community activities that benefit children and young people: - Little Ones – a parent/toddler group - Football - a number of teams for various age groups, playing in local leagues - Youth LifeGroups – youth discipleship - Family Food Friday - provision of a free meal for families (alternate weeks) Other church activities include: - Kaleidoscope – an informal fellowship meeting for older people - Prayer and fellowship Groups - Table Tennis Club, a number of teams playing in a local league. - Men’s Group The Church has a café for the use of the general public. This offers a relaxed meeting place for all ages, including a soft play area suitable for pre-school children. The Church operates systems to ensure that all people working with children and vulnerable adults are appropriately vetted with regard to the Disclosure and Barring Service and regular Safeguarding training is available and required for all workers. The Church has read the Charity Commission guidance on public benefit and is satisfied that the activities outlined above clearly demonstrate that the charity is providing a benefit to the public. ## Achievements and Performance Under the leadership of Rev Ian Savory, now in his 8th year with us, the church has grown and matured with regular term held groups having a spiritual emphasis as well as activities of a more practical nature. The spring term concentrates on Prayer. The Church has grown in numbers many who support the regular meetings held during the week. The Leadership meet every other week to pray, plan and explore the future and all the Trustees meet four times a year to carry out their legal obligations and plan and discuss Church life. The Partners (Members) continue to be involved in all the activities within the church and building bridges with the community, especially through the Cafe and weekly groups that use our building. The Church has a Partnership of 77 and many regular worshippers. The Church regularly runs a course for prospective church Partners. Attendance at Sunday worship services averages about 120. The midweek Little Ones group continues with good number of parents and toddlers. Our children/youth work involves contact with around a 100 youth of Primary and Secondary school age. Involvement in local schools has also continued and is greatly valued by them. ## Financial Review The majority of giving to the Church is now done by bank standing order which helps to budget the finances. Some are committed to regular giving at Sunday services. However since COVID our numbers have fallen and therefore so has the giving, We are grateful to be able to support a full time minister, a youth pastor and a Community Pastor who is also involved with the running of local 'Men's Shed'. We also have part time administrators to deal with the use of the building and church matters. The Church is heavily dependent on its membership working as volunteers in all aspects of the church’s activities, many of which run with little or no impact on the Church’s expenditure, but nevertheless contribute substantially to the achievement of the Church’s objectives. The current loans on the building are reducing steadily, by the generous giving of the worshippers and legacies which have enabled an extension to be added and the funding of other fabric needs. But looking to the future and finances needed , a decision has been taken by the Church to sell the Manse and pay off the outstanding amount of the Loan. This has now been done, the loans paid off allowing some of the giving to the Building Fund to be diverted to the General Fund. The financial results for the year, together with a summary of the accounting policies adopted are set out in the accompanying financial statements. Dated April 2023 **CHARITY NUMBER: 1146572** ## **LIGHTHOUSE COMMUNITY CHURCH** **STATEMENT OF ACCOUNTS YEAR ENDED 31 MARCH 2023** ## **LIGHTHOUSE COMMUNITY CHURCH** ## **YEAR ENDED 31 MARCH 2023** ## **CONTENTS** ||Page| |---|---| |ACCOUNTANTS REPORT|2| |GENERAL FUND INCOME AND EXPENDITURE ACCOUNT|3| |BUILDING FUND INCOME AND EXPENDITURE ACCOUNT|4| |GIVE AWAY INCOME AND EXPENDITURE ACCOUNT|4| |CAFÉ INCOME AND EXPENDITURE ACCOUNT|5| |BALANCE SHEET|6| |FIXED ASSET SCHEDULE|7| ## **LIGHTHOUSE COMMUNITY CHURCH** ## **ACCOUNTANTS REPORT YEAR ENDED 31 MARCH 2022** We hereby certify that the accounts for the year 31st March 2023 have been prepared, without carrying out an audit, from the Church's accounting records and information supplied by the treasurer. Our accounting procedures include examination, on a test basis, of evidence relevant to the amounts and disclosures in the accounts and an assessment of whether the accounting policies are appropriate to the Charity's circumstances, consistently applied and adequately disclosed. We have obtained all information and explanations which we considered necessary to enable us to give reasonable assurance that the accounts are free from material errors. In our opinion the accounts reasonably reflect the state of the Church's financial affairs as at 31st March 2023 and of its surpluses/deficits for the period then ended. ## **Timothy Hignett and Partners Limited** 7 High Street Cromer Norfolk NR27 9HG 14th September 2023 Approved on behalf of the leadership team and church trustees on 14th September 2023 M Barr, Treasurer 2 ## **LIGHTHOUSE COMMUNITY CHURCH** ## **GENERAL FUND INCOME AND EXPENDITURE ACCOUNT YEAR ENDED 31 MARCH 2023** |**£**
**£**
**INCOME**
Offerings:
Donations
Regular giving
93,665.00
One off / other
53,254.10
Non Gift Aid
Donations
-
Gift Aid:
Donations
-
146,919.10
Tax refunded
33,631.64
180,550.74
Rent
3,600.00
Sheringham Shed (Salaries)
21,531.39
CJRS
-
Donations
-
Interest received
-
Online income
-
Hardship fund
1,540.00
Sundry income
3,193.65
210,415.78
**EXPENDITURE:**
Remuneration
145,835.02
Housing expenses
19,399.76
Administration and staff expenses
6,811.43
Utilities
29,075.45
Telephone and IT
1,467.32
Maintenance
5,514.93
Insurance
3,200.34
Subscriptions and licences
4,669.86
Catering and housekeeping
2,977.91
Sundry expenses
356.50
Hardship fund
743.13
Mission
1,497.30
Training
3,941.00
Outreach
-
Personal
-
Legal fees on manse sale
1,146.00
Depreciation - Fixtures and fittings
5,378.14
232,014.09
(21,598.31)
Profit on sale of manse
60,749.98
**Excess of expenditure over income to General Fund**
39,151.67
**2023**|**£**
**£**
-
-
30,670.52
94,826.68
125,497.20
36,420.25
161,917.45
2,100.00
-
10,684.95
750.00
0.18
55.94
90.00
-
175,598.52
138,674.77
9,643.77
11,935.71
9,971.08
6,312.10
5,490.79
2,135.62
1,431.90
3,704.34
560.71
240.05
1,531.76
7,581.61
33.10
2,055.88
-
7,170.85
208,474.04
(32,875.52)
-
(32,875.52)
**2022**| |---|---| 3 ## **LIGHTHOUSE COMMUNITY CHURCH** ## **BUILDING FUND INCOME AND EXPENDITURE ACCOUNT YEAR ENDED 31 MARCH 2023** |**£**
**£**
**INCOME**
Offerings/gifts
23,371.00
Fund raising events
2,050.00
25,421.00
Tax refunds
-
25,421.00
Interest received
-
25,421.00
**EXPENDITURE:**
Interest payable
23,788.63
23,788.63
**Excess of income over expenditure to Building Fund**
1,632.37
**£**
**£**
**INCOME**
BMS birthday scheme
-
Easter offering
-
Sponsorship for B/F
-
Visiting worship band
-
Individual church partners
3,017.52
3,017.52
**EXPENDITURE:**
Donations made
2,615.00
2,615.00
**Excess of expenditure over income to General Fund**
402.52
**YEAR ENDED 31 MARCH 2023**
**2023**
**2023**
**GIVE AWAY INCOME AND EXPENDITURE ACCOUNT**|**£**
**£**
57,268.00
4,820.26
62,088.26
6,223.25
68,311.51
0.31
68,311.82
8,660.28
8,660.28
59,651.54
**£**
**£**
150.00
675.00
50.00
526.00
50.00
1,451.00
1,451.00
1,451.00
-
**2022**
**2022**| |---|---| 4 ## **LIGHTHOUSE COMMUNITY CHURCH** ## **CAFÉ INCOME AND EXPENDITURE ACCOUNT YEAR ENDED 31 MARCH 2023** |**£**
**£**
**INCOME**
Café income
25,211.80
25,211.80
**EXPENDITURE:**
Opening stock
1,849.00
Stock and sundries
10,624.08
Wages
10,826.71
Coffee machine rental
2,290.69
Closing stock
(800.00)
24,790.48
**Excess of expenditure over income to General Fund**
421.32
**2023**|**£**
**£**
12,136.11
12,136.11
1,215.00
3,429.41
9,091.39
-
(1,849.00)
11,886.80
249.31
**2022**| |---|---| 5 ## **LIGHTHOUSE COMMUNITY CHURCH** ## **BALANCE SHEET YEAR ENDED 31 MARCH 2023** |**FIXED ASSETS -**per schedule
**CURRENT ASSETS**
Barclays current account
Barclays saver account
Barclays building fund account
Petty cash account
Stock and work in progress
Gift Aid debtor
Prepayments
Less:
**CURRENT LIABILITIES**
Creditors
Baptist Union loans
BBF
Interest free loans
**NET CURRENT LIABILITIES**
**NET ASSETS**
**GENERAL FUND**
Balance b/fwd
Excess of expenditure over income
Café excess of expenditure over income
Give Away excess of expenditure over income
**BUILDING FUND**
Balance b/fwd
Excess of income over expenditure|**£**
**£**
1,642,212.13
54,231.56
70.62
6,679.38
25.00
800.00
8,224.64
1,523.39
71,554.59
6,939.90
-
-
24,000.00
(30,939.90)
40,614.69
1,682,826.82
536,776.62
39,151.67
421.32
402.52
576,752.13
1,104,442.32
1,632.37
1,106,074.69
1,682,826.82
**2023**|**£**
**£**
1,956,840.29
6,738.90
820.43
4,065.05
25.00
1,849.00
9,406.75
1,775.98
24,681.11
6,606.37
249,696.09
10,000.00
74,000.00
(340,302.46)
(315,621.35)
1,641,218.94
569,402.83
(32,875.52)
249.31
-
536,776.62
1,044,790.78
59,651.54
1,104,442.32
1,641,218.94
**2022**| |---|---|---| 6 ## **LIGHTHOUSE COMMUNITY CHURCH** ## **FIXED ASSETS YEAR ENDED 31 MARCH 2023** |**Cost**
At 31st March 2022
Additions
Disposals
At 31st March 2023
**Depreciation**
At 31st March 2022
Charge for the year
At 31st March 2023
**Net Book Value**
At 31st March 2022
At 31st March 2023|**TOTAL**
**MANSE**
**CROMER ROAD**
**FIXTURES AND**
**EQUIPMENT**
**£**
**£**
**£**
**£**
2,068,638.25
309,250.02
1,626,077.73
133,310.50
-
(309,250.02)
-
-
2,068,638.25
-
1,626,077.73
133,310.50
111,797.96
-
-
111,797.96
5,378.14
-
-
5,378.14
117,176.10
-
-
117,176.10
1,956,840.29
309,250.02
1,626,077.73
21,512.54
1,642,212.13
-
1,626,077.73
16,134.40| |---|---| 7 **CHARITY NUMBER: 1146572** ## **LIGHTHOUSE COMMUNITY CHURCH** **STATEMENT OF ACCOUNTS YEAR ENDED 31 MARCH 2023** ## **LIGHTHOUSE COMMUNITY CHURCH** ## **YEAR ENDED 31 MARCH 2023** ## **CONTENTS** ||Page| |---|---| |ACCOUNTANTS REPORT|2| |GENERAL FUND INCOME AND EXPENDITURE ACCOUNT|3| |BUILDING FUND INCOME AND EXPENDITURE ACCOUNT|4| |GIVE AWAY INCOME AND EXPENDITURE ACCOUNT|4| |CAFÉ INCOME AND EXPENDITURE ACCOUNT|5| |BALANCE SHEET|6| |FIXED ASSET SCHEDULE|7| ## **LIGHTHOUSE COMMUNITY CHURCH** ## **ACCOUNTANTS REPORT YEAR ENDED 31 MARCH 2022** We hereby certify that the accounts for the year 31st March 2023 have been prepared, without carrying out an audit, from the Church's accounting records and information supplied by the treasurer. Our accounting procedures include examination, on a test basis, of evidence relevant to the amounts and disclosures in the accounts and an assessment of whether the accounting policies are appropriate to the Charity's circumstances, consistently applied and adequately disclosed. We have obtained all information and explanations which we considered necessary to enable us to give reasonable assurance that the accounts are free from material errors. In our opinion the accounts reasonably reflect the state of the Church's financial affairs as at 31st March 2023 and of its surpluses/deficits for the period then ended. ## **Timothy Hignett and Partners Limited** 7 High Street Cromer Norfolk NR27 9HG 14th September 2023 Approved on behalf of the leadership team and church trustees on 14th September 2023 M Barr, Treasurer 2 ## **LIGHTHOUSE COMMUNITY CHURCH** ## **GENERAL FUND INCOME AND EXPENDITURE ACCOUNT YEAR ENDED 31 MARCH 2023** |**£**
**£**
**INCOME**
Offerings:
Donations
Regular giving
93,665.00
One off / other
53,254.10
Non Gift Aid
Donations
-
Gift Aid:
Donations
-
146,919.10
Tax refunded
33,631.64
180,550.74
Rent
3,600.00
Sheringham Shed (Salaries)
21,531.39
CJRS
-
Donations
-
Interest received
-
Online income
-
Hardship fund
1,540.00
Sundry income
3,193.65
210,415.78
**EXPENDITURE:**
Remuneration
145,835.02
Housing expenses
19,399.76
Administration and staff expenses
6,811.43
Utilities
29,075.45
Telephone and IT
1,467.32
Maintenance
5,514.93
Insurance
3,200.34
Subscriptions and licences
4,669.86
Catering and housekeeping
2,977.91
Sundry expenses
356.50
Hardship fund
743.13
Mission
1,497.30
Training
3,941.00
Outreach
-
Personal
-
Legal fees on manse sale
1,146.00
Depreciation - Fixtures and fittings
5,378.14
232,014.09
(21,598.31)
Profit on sale of manse
60,749.98
**Excess of expenditure over income to General Fund**
39,151.67
**2023**|**£**
**£**
-
-
30,670.52
94,826.68
125,497.20
36,420.25
161,917.45
2,100.00
-
10,684.95
750.00
0.18
55.94
90.00
-
175,598.52
138,674.77
9,643.77
11,935.71
9,971.08
6,312.10
5,490.79
2,135.62
1,431.90
3,704.34
560.71
240.05
1,531.76
7,581.61
33.10
2,055.88
-
7,170.85
208,474.04
(32,875.52)
-
(32,875.52)
**2022**| |---|---| 3 ## **LIGHTHOUSE COMMUNITY CHURCH** ## **BUILDING FUND INCOME AND EXPENDITURE ACCOUNT YEAR ENDED 31 MARCH 2023** |**£**
**£**
**INCOME**
Offerings/gifts
23,371.00
Fund raising events
2,050.00
25,421.00
Tax refunds
-
25,421.00
Interest received
-
25,421.00
**EXPENDITURE:**
Interest payable
23,788.63
23,788.63
**Excess of income over expenditure to Building Fund**
1,632.37
**£**
**£**
**INCOME**
BMS birthday scheme
-
Easter offering
-
Sponsorship for B/F
-
Visiting worship band
-
Individual church partners
3,017.52
3,017.52
**EXPENDITURE:**
Donations made
2,615.00
2,615.00
**Excess of expenditure over income to General Fund**
402.52
**YEAR ENDED 31 MARCH 2023**
**2023**
**2023**
**GIVE AWAY INCOME AND EXPENDITURE ACCOUNT**|**£**
**£**
57,268.00
4,820.26
62,088.26
6,223.25
68,311.51
0.31
68,311.82
8,660.28
8,660.28
59,651.54
**£**
**£**
150.00
675.00
50.00
526.00
50.00
1,451.00
1,451.00
1,451.00
-
**2022**
**2022**| |---|---| 4 ## **LIGHTHOUSE COMMUNITY CHURCH** ## **CAFÉ INCOME AND EXPENDITURE ACCOUNT YEAR ENDED 31 MARCH 2023** |**£**
**£**
**INCOME**
Café income
25,211.80
25,211.80
**EXPENDITURE:**
Opening stock
1,849.00
Stock and sundries
10,624.08
Wages
10,826.71
Coffee machine rental
2,290.69
Closing stock
(800.00)
24,790.48
**Excess of expenditure over income to General Fund**
421.32
**2023**|**£**
**£**
12,136.11
12,136.11
1,215.00
3,429.41
9,091.39
-
(1,849.00)
11,886.80
249.31
**2022**| |---|---| 5 ## **LIGHTHOUSE COMMUNITY CHURCH** ## **BALANCE SHEET YEAR ENDED 31 MARCH 2023** |**FIXED ASSETS -**per schedule
**CURRENT ASSETS**
Barclays current account
Barclays saver account
Barclays building fund account
Petty cash account
Stock and work in progress
Gift Aid debtor
Prepayments
Less:
**CURRENT LIABILITIES**
Creditors
Baptist Union loans
BBF
Interest free loans
**NET CURRENT LIABILITIES**
**NET ASSETS**
**GENERAL FUND**
Balance b/fwd
Excess of expenditure over income
Café excess of expenditure over income
Give Away excess of expenditure over income
**BUILDING FUND**
Balance b/fwd
Excess of income over expenditure|**£**
**£**
1,642,212.13
54,231.56
70.62
6,679.38
25.00
800.00
8,224.64
1,523.39
71,554.59
6,939.90
-
-
24,000.00
(30,939.90)
40,614.69
1,682,826.82
536,776.62
39,151.67
421.32
402.52
576,752.13
1,104,442.32
1,632.37
1,106,074.69
1,682,826.82
**2023**|**£**
**£**
1,956,840.29
6,738.90
820.43
4,065.05
25.00
1,849.00
9,406.75
1,775.98
24,681.11
6,606.37
249,696.09
10,000.00
74,000.00
(340,302.46)
(315,621.35)
1,641,218.94
569,402.83
(32,875.52)
249.31
-
536,776.62
1,044,790.78
59,651.54
1,104,442.32
1,641,218.94
**2022**| |---|---|---| 6 ## **LIGHTHOUSE COMMUNITY CHURCH** ## **FIXED ASSETS YEAR ENDED 31 MARCH 2023** |**Cost**
At 31st March 2022
Additions
Disposals
At 31st March 2023
**Depreciation**
At 31st March 2022
Charge for the year
At 31st March 2023
**Net Book Value**
At 31st March 2022
At 31st March 2023|**TOTAL**
**MANSE**
**CROMER ROAD**
**FIXTURES AND**
**EQUIPMENT**
**£**
**£**
**£**
**£**
2,068,638.25
309,250.02
1,626,077.73
133,310.50
-
(309,250.02)
-
-
2,068,638.25
-
1,626,077.73
133,310.50
111,797.96
-
-
111,797.96
5,378.14
-
-
5,378.14
117,176.10
-
-
117,176.10
1,956,840.29
309,250.02
1,626,077.73
21,512.54
1,642,212.13
-
1,626,077.73
16,134.40| |---|---| 7