OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator. This document is also available as Markdown.

← Lighthouse Community Church (Sheringham)

2024-03-31-accounts

ANNUAL REPORT

2023/2024

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 2023/2024

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:

Other church activities include:

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 9th 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 and summer term has activities inside and out where people can sign up to join. The Church has grown in numbers with many supporting 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 but also building bridges with the community, especially through the Cafe and weekly groups that use our building.

The Church has a Partnership of 86 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 about 15-20 parents with their 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.

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.

Now that the loans for the Building have all been paid off with the funds from the sale of the Manse, it has enabled the finances to be stabilised, and a buffer to help with Salaries and rising utilitiy bills

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 2024

CHARITY NUMBER: 1146572

LIGHTHOUSE COMMUNITY CHURCH

STATEMENT OF ACCOUNTS YEAR ENDED 31 MARCH 2024

LIGHTHOUSE COMMUNITY CHURCH

YEAR ENDED 31 MARCH 2024

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

1

LIGHTHOUSE COMMUNITY CHURCH

ACCOUNTANTS REPORT YEAR ENDED 31 MARCH 2024

We hereby certify that the accounts for the year 31st March 2024 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 2024 and of its surpluses/deficits for the period then ended.

Timothy Hignett and Partners Limited

7 High Street Cromer Norfolk NR27 9HG

27th November 2024

Approved on behalf of the leadership team and church trustees on 27th November 2024

M Barr, Treasurer

2

LIGHTHOUSE COMMUNITY CHURCH

GENERAL FUND INCOME AND EXPENDITURE ACCOUNT YEAR ENDED 31 MARCH 2024

INCOME
Offerings:
Donations
Regular giving
One off / other
Tax refunded
Rent
Sheringham Shed (Salaries)
Hardship fund
Sundry income
EXPENDITURE:
Remuneration
Housing expenses
Administration and staff expenses
Utilities
Telephone and IT
Maintenance
Insurance
Subscriptions and licences
Catering and housekeeping
Sundry expenses
Hardship fund
Mission
Training
Legal fees on manse sale
Depreciation - Fixtures and fittings
Profit on sale of manse
Excess of expenditure over income to General Fund		 £
£
101,266.70
60,053.06
161,319.76
26,375.72
187,695.48
7,400.00
9,721.32
1,476.00
9,366.59
215,659.39
138,716.04
18,221.73
6,006.45
24,561.23
1,882.24
7,882.33
2,496.17
3,391.31
3,516.72
775.00
1,873.97
8,139.60
2,862.00
-
4,421.20
224,745.99
(9,086.60)
-
(9,086.60)
2024		 £
£
93,665.00
53,254.10
146,919.10
33,631.64
180,550.74
3,600.00
21,531.39
1,540.00
3,813.35
211,035.48
145,835.02
19,399.76
6,811.43
29,075.45
1,467.32
5,514.93
3,200.34
4,669.86
5,268.60
356.50
743.13
1,497.30
3,941.00
1,146.00
5,378.14
234,304.78
(23,269.30)
60,749.98
37,480.68
2023

3

LIGHTHOUSE COMMUNITY CHURCH

BUILDING FUND INCOME AND EXPENDITURE ACCOUNT YEAR ENDED 31 MARCH 2024

INCOME
Offerings/gifts
Fund raising events
EXPENDITURE:
Interest payable
Excess of income over expenditure to Building Fund		 £
£
7,555.00
-
7,555.00
-
-
7,555.00
2024		 £
£
23,371.00
2,050.00
25,421.00
23,788.63
23,788.63
1,632.37
2023

GIVE AWAY INCOME AND EXPENDITURE ACCOUNT YEAR ENDED 31 MARCH 2024

INCOME
Individual church partners
EXPENDITURE:
Donations made
Excess of expenditure over income to General Fund		 £
£
1,611.60
1,611.60
1,700.00
1,700.00
(88.40)
2024		 £
£
3,017.52
3,017.52
2,615.00
2,615.00
402.52
2023

4

LIGHTHOUSE COMMUNITY CHURCH

CAFÉ INCOME AND EXPENDITURE ACCOUNT YEAR ENDED 31 MARCH 2024

INCOME
Café income
EXPENDITURE:
Opening stock
Stock and sundries
Wages
Closing stock
Excess of income over expenditure to General Fund		 2024
£
£
29,433.98
29,433.98
800.00
11,410.18
10,510.92
(800.00)
21,921.10
7,512.88		 2023
£
£
24,592.10
24,592.10
1,849.00
10,624.08
10,826.71
(800.00)
22,499.79
2,092.31

5

LIGHTHOUSE COMMUNITY CHURCH

BALANCE SHEET YEAR ENDED 31 MARCH 2024

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
Interest free loans
NET CURRENT ASSETS
NET ASSETS
GENERAL FUND
Balance b/fwd
Excess of expenditure over income
Café excess of income over expenditure
Give Away excess of expenditure over income
BUILDING FUND
Balance b/fwd
Excess of income over expenditure		 £
£
1,639,341.33
14,312.43
30,050.63
16,558.90
25.00
800.00
8,276.81
656.71
70,680.48
7,302.11
14,000.00
(21,302.11)
49,378.37
1,688,719.70
576,752.13
(9,086.60)
7,512.88
(88.40)
575,090.01
1,106,074.69
7,555.00
1,113,629.69
1,688,719.70
2024		 £
£
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
37,480.68
2,092.31
402.52
576,752.13
1,104,442.32
1,632.37
1,106,074.69
1,682,826.82
2023

6

LIGHTHOUSE COMMUNITY CHURCH

FIXED ASSETS YEAR ENDED 31 MARCH 2024

Cost
At 31st March 2023
Additions
Disposals
At 31st March 2024
Depreciation
At 31st March 2023
Charge for the year
At 31st March 2024
Net Book Value
At 31st March 2023
At 31st March 2024		 TOTAL
CROMER ROAD
FIXTURES AND
EQUIPMENT
£
£
£
1,759,388.23
1,626,077.73
133,310.50
1,550.40
-
1,550.40
-
-
-
1,760,938.63
1,626,077.73
134,860.90
117,176.10
-
117,176.10
4,421.20
-
4,421.20
121,597.30
-
121,597.30
1,642,212.13
1,626,077.73
16,134.40
1,639,341.33
1,626,077.73
13,263.60

7

CHARITY NUMBER: 1146572

LIGHTHOUSE COMMUNITY CHURCH

STATEMENT OF ACCOUNTS YEAR ENDED 31 MARCH 2024

LIGHTHOUSE COMMUNITY CHURCH

YEAR ENDED 31 MARCH 2024

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

1

LIGHTHOUSE COMMUNITY CHURCH

ACCOUNTANTS REPORT YEAR ENDED 31 MARCH 2024

We hereby certify that the accounts for the year 31st March 2024 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 2024 and of its surpluses/deficits for the period then ended.

Timothy Hignett and Partners Limited

7 High Street Cromer Norfolk NR27 9HG

27th November 2024

Approved on behalf of the leadership team and church trustees on 27th November 2024

M Barr, Treasurer

2

LIGHTHOUSE COMMUNITY CHURCH

GENERAL FUND INCOME AND EXPENDITURE ACCOUNT YEAR ENDED 31 MARCH 2024

INCOME
Offerings:
Donations
Regular giving
One off / other
Tax refunded
Rent
Sheringham Shed (Salaries)
Hardship fund
Sundry income
EXPENDITURE:
Remuneration
Housing expenses
Administration and staff expenses
Utilities
Telephone and IT
Maintenance
Insurance
Subscriptions and licences
Catering and housekeeping
Sundry expenses
Hardship fund
Mission
Training
Legal fees on manse sale
Depreciation - Fixtures and fittings
Profit on sale of manse
Excess of expenditure over income to General Fund		 £
£
101,266.70
60,053.06
161,319.76
26,375.72
187,695.48
7,400.00
9,721.32
1,476.00
9,366.59
215,659.39
138,716.04
18,221.73
6,006.45
24,561.23
1,882.24
7,882.33
2,496.17
3,391.31
3,516.72
775.00
1,873.97
8,139.60
2,862.00
-
4,421.20
224,745.99
(9,086.60)
-
(9,086.60)
2024		 £
£
93,665.00
53,254.10
146,919.10
33,631.64
180,550.74
3,600.00
21,531.39
1,540.00
3,813.35
211,035.48
145,835.02
19,399.76
6,811.43
29,075.45
1,467.32
5,514.93
3,200.34
4,669.86
5,268.60
356.50
743.13
1,497.30
3,941.00
1,146.00
5,378.14
234,304.78
(23,269.30)
60,749.98
37,480.68
2023

3

LIGHTHOUSE COMMUNITY CHURCH

BUILDING FUND INCOME AND EXPENDITURE ACCOUNT YEAR ENDED 31 MARCH 2024

INCOME
Offerings/gifts
Fund raising events
EXPENDITURE:
Interest payable
Excess of income over expenditure to Building Fund		 £
£
7,555.00
-
7,555.00
-
-
7,555.00
2024		 £
£
23,371.00
2,050.00
25,421.00
23,788.63
23,788.63
1,632.37
2023

GIVE AWAY INCOME AND EXPENDITURE ACCOUNT YEAR ENDED 31 MARCH 2024

INCOME
Individual church partners
EXPENDITURE:
Donations made
Excess of expenditure over income to General Fund		 £
£
1,611.60
1,611.60
1,700.00
1,700.00
(88.40)
2024		 £
£
3,017.52
3,017.52
2,615.00
2,615.00
402.52
2023

4

LIGHTHOUSE COMMUNITY CHURCH

CAFÉ INCOME AND EXPENDITURE ACCOUNT YEAR ENDED 31 MARCH 2024

INCOME
Café income
EXPENDITURE:
Opening stock
Stock and sundries
Wages
Closing stock
Excess of income over expenditure to General Fund		 2024
£
£
29,433.98
29,433.98
800.00
11,410.18
10,510.92
(800.00)
21,921.10
7,512.88		 2023
£
£
24,592.10
24,592.10
1,849.00
10,624.08
10,826.71
(800.00)
22,499.79
2,092.31

5

LIGHTHOUSE COMMUNITY CHURCH

BALANCE SHEET YEAR ENDED 31 MARCH 2024

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
Interest free loans
NET CURRENT ASSETS
NET ASSETS
GENERAL FUND
Balance b/fwd
Excess of expenditure over income
Café excess of income over expenditure
Give Away excess of expenditure over income
BUILDING FUND
Balance b/fwd
Excess of income over expenditure		 £
£
1,639,341.33
14,312.43
30,050.63
16,558.90
25.00
800.00
8,276.81
656.71
70,680.48
7,302.11
14,000.00
(21,302.11)
49,378.37
1,688,719.70
576,752.13
(9,086.60)
7,512.88
(88.40)
575,090.01
1,106,074.69
7,555.00
1,113,629.69
1,688,719.70
2024		 £
£
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
37,480.68
2,092.31
402.52
576,752.13
1,104,442.32
1,632.37
1,106,074.69
1,682,826.82
2023

6

LIGHTHOUSE COMMUNITY CHURCH

FIXED ASSETS YEAR ENDED 31 MARCH 2024

Cost
At 31st March 2023
Additions
Disposals
At 31st March 2024
Depreciation
At 31st March 2023
Charge for the year
At 31st March 2024
Net Book Value
At 31st March 2023
At 31st March 2024		 TOTAL
CROMER ROAD
FIXTURES AND
EQUIPMENT
£
£
£
1,759,388.23
1,626,077.73
133,310.50
1,550.40
-
1,550.40
-
-
-
1,760,938.63
1,626,077.73
134,860.90
117,176.10
-
117,176.10
4,421.20
-
4,421.20
121,597.30
-
121,597.30
1,642,212.13
1,626,077.73
16,134.40
1,639,341.33
1,626,077.73
13,263.60

7