Dorjjslgn En%tlope Itr. 812A150&18A44C6fh920C-E32495478D84 Charlty reglstratlon number 1149176 Comp•ny r•gl*tratlon number 8215626 (England •nd Wal) THE LIGHTHOUSE CHURCH NEW MALDEN ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Caladine Chartered Certified Accountants
DrAxan Envelope ID.. 812AI50&18A44C6920C.E32495478o84 THE LIGHTHOUSE CHURCH NEW MALDEN LEGAL AND ADMINISTRATIVE INFORMATION Tru¥tee• Mr R Mullins Mr P Prothero Mr C Huckle S•¢r•t•ry Mrs R Hud(le Ch•rtty number 1149176 Comp•ny numb•r 8215825 Regl¥t•rnd offlce 27 Seaforth Avenua New Maldan Surrey KT3 6JR Ind•p•nd•nt •MInOr John CalBdlne FCCA CTA FCIE Calgdlne Llrnlted Chantry House 22 Upparton Road E88tboumg East Su8sex BN21 18F
DD Eri%*lopa ID.. 812A15C618AUCOD-920C-E32495478D6¢ THE LIGHTHOUSE CHURCH NEW MALDEN CONTENTS Paq• Tru8tee6 rep¢yt Independent •xAmIn•5 r•port stalemgnt olflngndal actW8 stst•m8nt of lknanclal poimlon Not•B to the Ilnandal 8talem•nli 8-14
Oocu5tyJn En¥eh)pe ID.. 612A1506-18A44C6D-920C-E32495478D84 THE LIGHTHOUSE CHURCH NEW MALDEN TRUSTEES REPORT (INCLUDING DIRECTOR'S REPORD FOR THE YEAR ENDED 31 DECEMBER 2023 The Trustaes present Ih8lr annual report and financi81 statements for the year ended 31 December 2023. The flnanclal 6tsttrm8nts have been prepared in accordan¢e wilh the acCounn9 pdicies 8et ovt In note 1 to the financial statements and comply wlth the Charty's Memorgndum and Articles of Assoaation. th8 Companies Act 20l and 'Accountlng and Reportlng by Charities.. Statement ol Recommended Practice appllcable to Char85 preparing theli accounts in accordance with the Flnandgl Reporting Stsndard appllcable In th• UK and Republic of Ireland {FRS 1021 (effective 1 January 20191". ObJ•ctlves and actl¥ltl¥¥ The purpose of this charitable comp8ny18 to advanctr th• Chrfstian faith for Ihe publlc benefit In accordance wlth the Statement of 8811efs outlined in ourArticl85 of As$o¢l81ion in such parts of Ihe UK or the workl os the TTUStees deem fil. The Trustees have regard to the Charfty CommlsBlon's guldBnce on public benefit when exerrising any powers or dulles to which the guldancels felev8nl. Th• ¢hurch 15 Part of thè Acts Churche8 UK movement. Below18 g Ilst of our princlpal activltie¥'. PrlncSpal A¢tlvltl•• l. The provlsion ol Ch8119n avants and educatlon 11. Communlty Impact 111. Fln8ncial Support Public benefil The TrusteeB have pald due regard to gUIdan Is8ued by the Charfty CommlB61on In dedding wh81 •¢tivrfles the Charfty 8hould und?rt8ke. Achlev•m•nt• •nd pèrfornianc• Styniftcgnt activille8 8nd 8¢hiev6m8nls 8981nst objectives The vlslon of the charbty Is lo 'Equlp people for Ilfe through lailh In J•$u$ Chrlsf. Th18 1$ don• prlmartly through Chrfstian 8venls and educ8tlun. Teaching on thè Chrfstlan tsith Is done both through regular Sunday me•ting8 8nd Conn•ct Group8. TheBe activltles 8re opon to all. At the 8tart of 2023 we had thrèè vlslon Btatemenls Ih•t we were Intendlng to athleve-. 1. Movkn9 to a blgg8r venuè to facllitate our growth In gttendee8 2. L•unching our own régulgr Ilve band 3. In¢reased lorAI communlty outreach and Impact I Ihree of these wer& achleved. After outgrowlng the hall al Sa¢rod Heart School, w8 planned and launthed a trlurnphant first Sunday 8eNice 81 Burtington Junlor School, Teachlng 100 attendees lor thè first li. For In-person pra15e and VrshIp, we re¢eiv•d tralnlng and practlcal support from volunteers from Equlppers Essex and Zurich, plu6 8 dedicated evening for $inget5 and muslcians from the worship p88tors at Equippers SUy'. John and Faith Metls. Furtherrnore, we hosted an iniern from Swltzertand, Elias Eggenberg, who wai instrvment81 in 8ellSng up our producilon gear arhd tralnlng others in ils ongolng use. For ovr local community outrèach and Impact, we rounded off the yeor with a 3tall at the Chrf$bn85 Mawket In N8w Malden, glving out free sweets to the local communlty whilst 8ng8glng ¥wth people's interests and ne¢ds. Alongslde this. we advert15ed our regulAr Sunday setvices as well as special Chilstma5 events.. Church at the Movies and our ¢8rol service. From thi5. we continue to receive regulai congregants from tho locAI community who have opened doors for outreach to additlonal demo9r8phics 6vch as Ihg Korean community. the s Lankans, young famille5, and unlversity students. Our yearly contributions of grocer¥ to support local vulnerable fomllies in need also continu$d vla ongolng connections wth Saered Heart School.
DocusvJn Enope ID.. 812A1506-1eA44C6D.920C-E32495478D84 THE LIGHTHOUSE CHURCH NEW MALDEN TRUSTEES REPORT {INCLUDING DIRECTOR'S REPORT) ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Our ministry lo Farsi asylum seekers has continued, indvdlng top-ups for thelr Oyster colds lo enable them io travel lon9 distances to and from thur¢h. Amongst these, many slgnlflcant positive stories have emerged such as physic81 allments and chronic conditions being healed. mental health problems beln9 addressed and impToveil. 9nd more. Despite Some being transferred to ajtemalwe accommodatlon further afjeld, wé have malntslned r•yular contact wlth them, induding via our mldweek Connect Groups lor soci81ising, prayer, and Bible 8tuoy. Throughout thls period we also ¥&w 21 IndNiduals baptSsed and 95 visilors lo OUT Sunday services. Fln8n¢lal rovl•w There was g surplus of £3,402 durlng Iho year12022.' surplus of £19,916)- Total funds al the yo•r end omounted lo £748,35912022'. funds of £742,957). R&seryes policy It16 the polley of the Charty that unreBlrl¢tèd funds vthich have not been designaied for a speclfic vse Should be malntslned at a level equlvalenl lo b¢e¢n three and 51x mDnth's axpendlture. The Trustees con6lder that reserv•s
l thls level wlll ensure that, In the event of a significant drop In funding, they wll be able to conts'nve the CharfV8
¢uNent 8cINities whlle con8lderatson is given lo way8 in which addllonal funds may be ral$ed. Thi6 level of reserves been maintsinad throughout the year. M8jorJYsks The Trustees have ¥s8•É8ed the major rf8ks to whlch tha Char(ty IB exw•d, and a Sallsfied Ihal fyystems are in place lo rnillgale exposure to the major rfsks. structur•. oo¥•manc• and m•n•g•m•nl The Charity Is a company Ilmlted by guaranleè1821 S8251 and is a Charity rogl$lered wtth the Chadty Comml8slon (11491761 and h88 no Income subject lo Corporatlon Tax. The Tw$le68, who are also the dlrnctor8 for the purpose of ¢ompany law. and who 8eN•d durtng the year and up to th• do1¢ of Slgnature of th• flnandg18tstsmenls were.. Mr R Mullin$ Mr P Prothero Mr C Huckle None of the TTuBlee$ hag any beneficlal Interest in th¢ company. hjl of thg Trust••s are rnembarn of th• ¢gmpony and guar8nt•¢ to contribute £1 In the event of a wlndlng up. The Trustee8 report Was approved by the Board of TrusteeB. ¥lllnvdbV.' 'Uli4éb44 Mr C Huck Tru8teo 9/24/2024 01¥{.
Docuslyn Enlope ID.. 812A15o&18A44CegZ0C_E324gS478D&4 THE LIGHTHOUSE CHURCH NEW MALDEN INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE UGHTHOUSE CHURCH NEW MALDEN I report to Ihe Trustees on my examination of the finan¢l81818lern8nt8 of The Llghthous¢ Churth New IAAlden Ithe Charity) lorthe year ended 31 December 2023. Re¥ponslbllitieg and basls of report As the Trustees of the Charlty land Blso dlrectors for the purpose8 of company lawl you are responslbl• for the preparation of the fin8nclBI slalements In accord¥nce wh the requiremtnls ol the Cornpenles Act 2006 (the 2006 Act}. Havlng satisfied myself that the ffinancial $18lements of Ihe Chadty gre not requlred to be audited under Part 16 of the 2006 Act and are eligib for indepèndent ex8mlnation, I report in re$ped of my examlnptlon of the Charity'$ flnanclal stalernents carried out under section 145 01 the Ch8ritles Act 2011 (the 2011 Act). In carrying out my •xarnination I have followed all the applicable Dlrection8 gl¥8n by the Charrty Commisslon under secllon 14Sl5llb of Ihe 2011 Act. Indep•nd•nt •x•rnln•e• •t•t•mont I have completed my examlnetlon. I confjrm Ihat no matttrrs have com• lo my attenOn In connectlon wlth ihe xamlnallon glvlng me Cau to believe that In any rnaterf81 re8pect'. accountlng recordB wera not kept In respect of the Charity as requlr•d by iedon 386 of the 2006 Act., or the financlal s18lements do not accord with those recordB', or the financial stalements do not comrAy wllh the aOuntIng requirments of section 398 of the 2006 Act other Ih8n any requirem•nl that Iho $aunts gNe a Iw and folr vlew whlch18 not a matter con6kl¢red as part tsf an Independent examination.. or tho financlal Blaternent$ have not been prep8rèd In accordance th the m¥thods and prinuples of the Statement of Recommended Prn¢tlce for 8ccouriting and reportlng by ¢h8rllies appllrable to charltt88 preparing treil accoun15 in accordance wllh the Fln8n¢lal Roportlng Stsndard appllcable kn the UK and Republ1¢ of Ireland IFRS 102). I have no concem3 and have conw across no other matt•fs in connectlon vAth the exgmlnatlon to vA)Ich attenuon should be nlhi report In order lo enable o proper understandlng of the financl81 $talemenl$ lo be reacheLI. John C•lqdln• F CTAFCIE CalBdln• Llmrted Chantry House 22 Upperton Road Eastboum¢ Ea$1 Sussex BN21 18F Dale
Douj0n En¥eiDpe ID.. 812Al-l3A44C60-92OfrE32495I78D84 THE LIGHTHOUSE CHURCH NEW MALDEN STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 UnM•trlcted Re•trlct•d fun lund• 2023 2013 Tot•1 Unr••trlcted R•gtrictgd funds lund8 2022 2022 Totsl 1023 2022 Not•• InGom• and •ndowmgnts from: Donat¢ons and lègacles Inve8tment8 Other Income 55,952 38,717 713 717 56,669 38,717 713 42.253 31,815 178 S54 42,807 31,815 183 Total Incom• 93,382 717 94.099 74,048 S59 74.805 Exp•ndIre on.. Raising funds Cherlt8ble activ11608 2.885 78,245 2,88S 78,804 B9,980 717 J,697 559 Total exp•ndltu 89,980 717 90.697 79,130 559 79.689 Not galnBIIIossè81 on Investment8 11 25.000 25.000 N•t Income and mov•ment In fund• 3,402 3,402 19,918 19,918 R•¢onclllatlon of fund•: Fund balances al 1 January 2023 742,gS7 742,957 723,041 723,041 Fund balance• *t 31 D•c•mb•r 2023 746,359 746,359 742,957 742,957 The staternent of financlal 8Ctivltie8 In¢lude8 011 galns #nd losse8 rt¢ognl$ed In the year. All Income and •xpendhure dErlve from conllnulng AC¥86.
DD¢gn En¥*Jpe ID.. 812A1SO8-18A44C6D-92OC-E32495478D84 THE LIGHTHOUSE CHURCH NEW MALDEN STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2023 2023 2022 Notsi Flx•d •$•et• Propety, planl 8nd equlpmenl Investment property 12 13 18,959 67S.000 875 678.000 093.959 675,675 Current •gaets Trade and other r&ceiv8ble8 Cath at bonk and In hand 14 9,334 81,903 2,842 71,418 71,237 118,8371 74,280 {8,978) Currnnt Il•bllltl•• 15 Nat curr•nt a•••t• 52.400 67.282 N•t a•••t• 746.359 742,9S7 Th• fund• ol th• Charlty Unre6trfd•d fund8 746,359 742.957 746.359 742,957 The company is entllled lo the exemptlon from tho audll requlr•mant conthlntrd In Section 477 gf th• Companles Act 2006. for the year •ndad 31 December 2023. The dlrector ackno¢d9es h1$ Tespongibllrti8s lor comptylng wtth the requlr•ments of th• Companles Act 20Cé vAth ro$pect to a¢counlng record8 and Ihe preparatlon of fln8ndal 8tatem•nts. The mernbers have not rtsquir•d the compary lo obtaln Bn audlt of Ili tlnandal 618tamentB for the year In que8Uon In accordance wlth secuon 478. These financ181 stat8menl8 have been prepared In accordance th the PTovislons Bppllcobl• to companle¥ wblect to the small companles regime. 912412024 The flnand81 stgtsments wère ypproved by the Tru$laa8 on ....... ... 81gfi•d by.. I•d by.. EOCF17goFV4O47e.. Mr R Mulllns Tru•tse "O¥AaU59BOI)W¥FI': Mr C Huckle Tru•t•• Company reglslrats'on number 8215625 (England And leS>
uGO Envek4)& ID.. 8l2A15Q&18A44C6920G-E32196478DB4 THE LIGHTHOUSE CHURCH NEW MALDEN NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 A¢countlng pollcie* Company informatlon The Lighthouse Church New Malden is a private company limtted by guarantee Incorporated In England and Wales. The registered office 18 27 Seaforih Avenue, New Mald8n. Surr8y, KT3 6JR. 1.1 Aceounting conv•ntlon The financlal statement8 h&ve been prepargd In accordance with lh• Charlty's Mamorandum and Art¢des of Association the Companies Act 2006 and "Accountlng and Reporting by Chorilles.. St81oment of Recommended Practlce appllcable lo charilles preparing their attounls in accordance with th¢ Financjal Reportin9 Standard applicable In the UK 8nd Republic of Ireland IFRS 1021 leffedive 1 January 20191" The Charlty 1$ g Publlc Benefft Entlty as dofln•d by FRS 102. The Charlty has taken advantage of the pn)vlslon8 In the SORP for tharKle6 applylng FRS 102 Upd8t• Bulletin 1 not to prepare 8 Statement of Cash Flows. The flnanaal statements are prep8r•d In 8terflng. whlch IB the functional ¢urrenry of the Charfty. Mon•tsry amounts In theB¥ ffinanclal ststem8ntS are rounded to the nearest £. The flnan¢l81 statemerts h?v• been pr•p8red under lh¢ hlslorfcal cost convenUon. Mod)d to Indud• InveBlmenl PTopertieB 81 foir value. The prlnclp81 accounllng pollcl?s adop(ed are let oul below. 1.2 Golng concern At the Ilm& of 8pprovlng Ihv flnancAo1 slBt¥ments, the Truste86 have a T8ason8ble axpectallon thfyt Ihe Charlty has adequate re8ource8 lo contlnue In op&ration81 •xlstence for the loreseeBble future. Thus the TnJ$lees conllnu8 to adopt the golng concern basis of accountlng in PTep¥rlng the Iln?ndal statemtrnts. 1.3 Ch4rlt•bl• fund• Unreslrlcted funds ore avallAt4e for ule ?1 th8 discrellon of the Tru61•88 In furtherance of thdr Gharitsble oblectives. Restricted fund$ ore subject lo specAfic condrtions by donor8 or grantors as to how they rnay be u8ed. The purp08es and use& of the re¥lricted lunds are $91 out in the note3 to thè fin8nclal 8tst8ment8. 1.4 Income Income Is recognlsed wh&n the Chaty 58 legalty •ntIed to it aft¢r 8ry perfom8nce CondOn8 have been rnel, th• amoun18 ¢an b8 measured reli8bly. and il Is probable Ih8t Income wlll be recelved. Cash donoUon8 sre reeognlsed on receipt. Other don8tlon8 are recognlsed once Ihe Charfty has been nolified of the dOnaon, unle55 performance condition5 Tequlre deferral of the amount. Income lax fe¢oveT8ble in relatlon to donBllons recelved unéÉr GrfiAid or deeds of cov¢nant Is recognised at the tlme ollhe donation. Legacies 8re recogn15ed on receipt OT Oth8Se W th• Chartty ha$ been notified irf 8n impendlng dlslributlon. e amount Is known, and ceIpt 1$ expeded. If the amount Is not known. the legacy Is treated 8$ a c¢nUngent asset. 1.5 Expgndltur• LIabIle3 ar# recognised when a constructe obligation ax15ts. the pgyment is probable and the obligation can be measured or estim8ted reliably. Resources expendèd Bre allo¢8t8d to the parb'culaT Cost Cen lo which they relate and Indude trrÉeoverable VAT.
Docusign En¥•e ID.. 812A150&16AuC6Eg20C-EJ2495478D84 THE LIGHTHOUSE CHURCH NEW MALDEN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Aeeountlng pol1cl Icontlnuedl 1.6 Property, plant and equlpment Tangible fixed 8ss8ts for use by the Charity, these are capitalised if they Can be used for mor• than one year, and cost at leB81 £1,000. They are Valu at cost or,11 glrtèd. at Ihe value lo the charity on re¢elpt. Depreciation 16 recognlsed so as io wrrte off the cost or valuooon of asset8 les8 thèir resldual values over thelr useful lives on the followng basis. Back hall Fixtures and equlpment MotOT Vehicles Fully depreci8tad 25% Etralght Ilne 25% 8tralght Iln• The galn or loss arising on tho dl$poBal of an ag$et18 dateIned 88 th8 dlffeTence btheen the sale proceed5 and thè carrylng value of the 9888t. and IB re¢ognl8ed In th• 8t•tsm8nt ol finanthl e¢tlvltie8. 1.7 Inve•trnvnt prop•rty Investment propety, whlch Is property hald to earn rentals andlor fof caprtal appreclation. 18 InStlal recognlsed ?1 ¢o$t, which indud•s tha purchase co¥1 and any dlredy 8ttrlbutgble expendlture, Sub8equ¢nUy 19 me8$ured at f8lT Val at the raportlng end date. The 8UTplv$ or deflclt on r•v81uoOn IJ recognl8ed In profil or loss. 1.8 Imp•lrment ol nonwcurren¢ •••t• At eoch reportlng end date. the Charlty revlew8 th• c8rrylng amount8 of 6t8 tsnglble 8$3•ts to delamlne whether Ihere is any indicBlion IhBt those a53el8 h8ve suflered an lrnpalmient 1055. If any such Indicatiort exi8t8, th• rècoverable amount ol the asset is estimated in order lo delemiine the extent of the Impalrment loss Ilf any). 1.9 CA•h ind ¢a•h •qulvalonts Cash and cash eoulvalents Indude cash In hand, depo$rt$ held al CBII wlth banks, other short-lerrn liquld investments wlth origlnal rn8lurftlè8 ol three months or las8, and bank 0rdraft6. Bank overdrafts are shown wlthSn b0DWIngS in current liabili1185. 1.10 Flnancl•l In•trum•nts The Ch8rfty ha8 elected lo apply thè provlslons of Secllon 11 'Basic Financlal Inslwments. and Sedon 12 'Other Finan¢l81 Instruments I¥$ua8' of FRS 102 10 411 of118 financlal instruments. Financial instnjments arv r¢cognlsed in thtr Charty'8 balance ?h¢¢t ¥then the Charty becomes paity to the contr8Ctual provlsion8 of th& Instrurnent. Fingnci81 assets and Ilabllitles are offset. with the amounts presented in the finanrAo18t8ternents, when there IB a leg8lly enforceable right lo Set off the recognised omounts and there Is an Intentlon to S8tUe on a net baBi$ or to realise the a5sel and setde the liabllty 6imullaneovsty. 805ic financial •ss•ts Basic financial assets, %thich indude trade and olhor recelvoble8 and cash and bank balances, are In1#11Y measuretl at transoction price Including transadion costs and are sub5equenUy carried Bl amorused cost U8ing the effective interest method unless the arrangement eonstStutes a financlng Iransadwjn, where the transActlon Is measured at the psent valoe of the ftjlure reIPts discounted at a market rate of InteresL Financial assets dasstfied as ceIVable within one year are not 8m¢Jrt16ed.
DoLwslgn EnlOP10.. 812AlS18A+4c6D-92c-E32495478D8l THE LIGHTHOUSE CHURCH NEW MALDEN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accountln9 pollcle• (connUed1 Bo¥1¢ fln•nci•l Il•bllltlo¥ Basic financial Ilabillties, includlng trade and olher payables and bank loans are ini118lly recognlsed at transacllon price unless the Brrangemenl constltutes a financlng transaction, where the debt instrument is measured al the present value ol the future payments discounlod al a m¥thet rate of interest. Flnandal ilabllitlfrs clas51fied as payable thIn one ytrgr 8re not amortised. Debt In8truments are 8ub6equently carrivd at amorbsed ¢ost, using the effecuve inleresl rat8 method. Tr8de payables are obll9ab.ons to P8y for goods ur service$ Ihat have been acqulred In the ordlnary ¢ourse of operatlons from $uppller$. Amtsunts payable are cl855ified as current liabllllies If paymènt is due thIn one year OT less. If not. they are pr8sented as non-curreiil liabilities. Trade payable5 are r¢cogni5ed inlllauy al Ir8ft88don prlce Jnd sub$*quenUy rne•svred at omortl8èd COBI uslng the effg¢tsve interest method. Darocognltlon of flnancl•l Il•blliti Fin8npJal Ilabllltlgs are derecognised whtn the Chartty'8 eCtfaCtual obllgallons explre or are dlsch•rged or canullèd. 1.11 Employe• b•n•llts The ¢ost of any unused holSday entltIerrnts recAignlB•d In Ihe In whlch the employee's NICe8 are Tecelv•d. Terminallon benefits 8T• recognls8d Immedlalely as an exp•n$e when tha Chaity 1$ demonBtrabty commlttgd to terrnlnate the employment ol an employee or to provide temiln8lon benefrt$. Crltl¢•l •ecountlng ••tlm•t•• •nd ludg•m•nts In the appllcatlon of Ihe Charity's 8c¢ounting pollcle5, thè Trustees are requlr¥d to make judgement8, •stlmate8 and as8vrnpllon8 about the carying amount of assets and li8bllilies Ihat are not re8dlly apparent from other source5. Tha estlrnales and a550ci8led assumptlons are based on hlslorlcal expadence and olher factors thot are considered lo bè relevant. Actual results may dmfer from these ¢stlmate$. Th8 estimate8 and undetylng assumptlons Bre re¥Aewed on an ongryng basis. Revl$lon8 10 occovnlbng eslimates 8re recogni5gd In Ihe ptrfod in which the estimate Is revlsed where the revislon affe¢t$ only that perlod, or In the period of the revl8lon and fvt periodB whare the revislon affe5 both rrent and fulure periods. Incom• from doMtloll• and legael Unrn9trfcted RMtrlctod fund4 funds 2023 2023 Tol•l Unr¢•trlcted Rogtrfcted funds funds 2022 2022 Totsl 2023 2022 Donatlons and g1ft6 Govèmment gran18 IULE2 scrapp8ge B¢hernel 48,952 717 49.668 42.253 554 42,807 7,000 7.000 55,952 717 56.669 42,253 554 42,807
DoGuwgn En%%lcye ID.. 812A15C6-18AHG6D420C&32495478D84 THE LIGHTHOUSE CHURCH NEW MALDEN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Incom• from donatlons and legacles Unr•trleted Rmtrfcted lund8 fundg 2023 2023 Total Unmtrfctsd Reitrfcted funds funds 2022 2022 Tothl 2023 2022 Icontlnuedl Donatloni ind glfts Gifts, ttthes and donatlon8 GIftAld tax recoverabl• 42.461 6.491 717 43,178 6,491 38.410 5.843 474 BO 36,884 5.923 48,952 717 49,889 42,253 554 42,807 In¢ome frorn InvMtm•nt• Unrgvtrbeted Unr••trlct•d lund• fund• 2023 2022 Renlol Income InieTe81 receabl 35.825 892 31,539 76 38,717 31,815 Oth•r Incom• Unr••trlct•d RtrIct funds fundB 2023 2023 Total Unr••trfct•d R•8trlct•d fund5 fvnd• 2022 2022 Totsl 2023 2022 Sundry Inoime 713 713 17B 163 Expvndlture on rnl¥lrtg fund* Unre•trlcted Unr•8trfctsd fund• funds 2023 2022 Inveslmenl praperty malnlenance and repalT 2,885
EnvdOpeI. 812A1506-18A44C8LWOGE32495478D84 THE LIGHTHOUSE CHURCH NEW MALDEN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Expenditure on ¢h•rltsble actlvltl•• Charttabl• •cdvltleg Charitable 8CtMtle$ 2023 2022 Dlr•¢t Slaff co815 Depreaotson and imp8irmenl Conlerence and tralnlng courBes Equlpmenl Honorartum Mission and •vent cost• Motor exp8n8es Rep8lrB and malntanance Travel and hospitality Youth and ehlldr•n's church Venue hlre Asylum seekers support 3,831 6,408 3,730 2,424 597 4,945 2.683 2,109 7.475 1,024 16,508 13,139 2,831 895 8,931 389 8,055 1,700 4,188 8,220 1.049 9,843 12.524 64,873 54,989 Shar• of •upport and gov•rn•nc• ¢o•ts l••• not• 81 Support G¢)vèrn8np 18.300 7,524 14,494 7.341 90,697 78.804 An•ty•l• by fund Unrestricted fvnds R¢stricted fund8 89,980 717 78,245 559 90,697 76,804 10-
t>)uoign EnveloFe ID.. 812A150&18A44C6D-gZOC-E32495478084 THE LIGHTHOUSE CHURCH NEW MALDEN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Support costs allocat•d to activiti0• 2023 2022 Insurance Office expen8e8 Rale¥ Telephone 1,994 363 1,675 2.155 8,079 370 3,010 654 7,524 2,055 1,376 1,653 2.074 4,170 276 2,239 651 7.341 B8nk ch&rges Subsexlptlons I software Ilcence¥ Advertlsing Govemonce ¢o$ts 25,824 21.835 Charltable act11&*6 25,824 21,835 2023 2022 Gov•rn•n¢e co•t• compr1••: Aceountan Independent examlnauon Management, lègAI and profe6slonal Bookkeeplng 1.240 440 3,708 2,138 1.240 440 3,888 1,973 7,524 7.341 Tru•¢• The Church Pa$lor8. ChrlstopheT and Rachel Huckle have tho uje of the Church fiat a8 livlng accammod8tlon to enable Iham lo ¢arry out thelr dull•8 effectlvely. Dun9 the year, they ¢ontrlbuled £2,040 towa$ ihls 12022.. £2.0401. Trustees land persona cont)ected lo them) were rnlmbuTsed the CD8t Df some 8ct4vltie¥ undertoken durlng lh• year, for example tr8lning and travel lo eonfèrences. The totsl cost In 2023 was £3,34412022'. Tw8leéA re raimbursed £17,782 Including various thur¢h maintenance cosls Initlalty paid by them). Donallons racelved from the Tru8tses and their related partias during the y88r amounted to £8,429 {2022= £8,389). 10 Employ••s 2023 NuMr 2022 Numb•r
DSIgn En%tknpe1Tr. 812Al5l8A44c6D-920c-EJ2495478Dll4 THE LIGHTHOUSE CHURCH NEW MALDEN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 10 Employ••• IContlnued} Employm•nt cost• 2023 2022 Wayes gnd $aries 3,831 2.831 Therts were no employees whose annual reUnratlOn was rrnTe than £80.000. 11 G•ln •nd109gu on 111•nts Unre•trfct•d Unr••trbct•d lurtda fund• 2023 2022 Galn8lllossesl arfBlng on: Revalvation of Inv•$tm•nt prope88 25.OOD 12 Prawrtyl pl•nt and •qulpm•nt e•¢ h•il Flxturn• and •qulpm• ¢thr v•hlcl• T*Jt•l Co•t AI 1 JAnugry 2023 Addillons Dlspos818 58,916 11.499 73.915 24,692 13,5001 24,692 13,5001 At 31 December 2023 58.918 11,499 24,692 95.107 D•preclatlon •nd Impalrni•nt Al 1 January 2023 Depreciallon ¢h8rg¢d In the year Ellminated In respect of di$p0881$ 58,916 10,824 235 3.500 6,173 13,5001 73,240 8,408 13,51XI) At 31 December 2023 58.918 11.059 6,173 76.148 Carrylng •mount At 31 December 2023 440 18.519 18.959 At 31 December 2022 875 675 Church glte The Church Site has not been Induded as it 18 impractical to ascertaln its cost orto Indude a calculatjon * falr market value. The te lo the Church Indudlng the back hall and the church flat, a regl$lered In the n8mo of the Church. Back hall The back h811 is a mobile bvilding with an expected 16fe of 25 years. Completlon took place in Novomber 1994 at a total cost of £58,916. This is belng wrrtten off on a sITaight line basls over 25 years at 8 rate of £2,356 per yeaf, commenang the year end 31 st March 1995. This Is now fully depreciatsd. 12
DoLxJgn Envdope ID.. 812A1Sf-l8A44C8920Ej2495478O84 THE LIGHTHOUSE CHURCH NEW MALDEN NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 13 InveBtm•nt property 2023 F•lr value At 1 January 2023 and 31 Oecembèr 2023 675,000 Investment property comprf8e8 78 Claremont Avenue, N8w Malden, l(r3 8QN. The fair valve of the Investment property ha5 been arrived 81 on the basis of a desktop valuBtlon carried out ty D8yter8. who are not connected wtth the Charity. The valuallon, d81ed August 2023, wa$ made on an open mark•t value ba81$ by reference to mark8t e7thdence of tran58Ction prices for simllar propertles. 14 Trad• #nd olhar r•c•lvable• 2023 2022 Arnounts l•lllng du• wlthln on• y•Ar: Trade recdvabl?8 Olher r9r%9bles Prepayments and ac¢nJed Incorne 8.078 1,389 1,889 675 2,187 9.334 2.842 16 Curmnt Il#bllltl•• 2023 2022 Trade payable Olher poyablos Accruals and def•rr•d Income 694 3,011 1S,132 1,751 2,401 2.826 18,837 8.978 18 Unre•trlctsd fvnd• The unrestricted ndS of the charlty comprfse the un8xp8nd8d bolances of donations and gr8nlB whlch are not sublect to speclfic condillons by donors and grantors 8s lo how they may be used. These Indude deslgnated fvndg which have been set aslde out of unrestrfcted funds by lh• trustees for sperTThc purposes. At 1 January 202J Incomlng r••ourc R•8oufG•8 •xp•nd•d G•lnA and At31 Decernber 2023 General fvnd$ 742,9S7 93.382 (89.9801 748.359 13-
DocAJYAgn En¥dope ID.. 812A15(&18A44C6tk920c32I8sI78Ds4 THE LIGHTHOUSE CHURCH NEW MALDEN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 16 Unre•trictsd fund• (Continued) PTrvlov• yur. At 1 January 2022 Incomlng reBouvc•• R•sourc expendvd G•lns and 10•8•8 At31 D•¢ernb•r 2022 General nd 723,041 74.Ct48 179,1301 25,000 742.957 17 Relatfrd rty trnn••¢tlon• There were no dlsdosable related paty trans8don8 durtng the perlod expt th088 mentloned In th• Trustees note12022'. non•l. 14-