DOCU EnOpe ID.. 09A6B194-76AD4D5A-8559-B3ABC8CA8F1B Charlty reqlstratlon number 1149176 IEngland and Wwlasl Company regl¥tratlon numhr 8218625 THE LIGHTHOUSE CHURCH NEW MALDEN ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Caladine Chartered Certified Accountonts
DoW9n En¥8iope DgA6819¥76AfHD&4-B659-83ABC8CA8F1B THE LIGHTHOUSE CHURCH NEW MALDEN LEGAL AND ADMINISTRATIVE INFORMATION Th1gtee¥J MT R Mullins MT C Hud(l• Mr S J C088tlck *4ppolnted 8 February 20251 8ecrèt•ry Mrs R Huckle Ch¥rlty nurnber (England and Wal•g1 1149176 Cornpany numb•r 821S825 R•gl•ter8d offl 27 Seaforth Av8nu8 Malden Suffey la3 Ind•p•nd•nt •ximln•r John C818dlne FCCA CTA FCIE CA18dine Llmiled Ch8ntry House 22 Upperton Ro•d Easlboume Ea8t Sussex 8N211 BF
Dogn En¥dw ID.. DgAeBl976ADsA-BsSB3Ac8CA8F1B THE LIGHTHOUSE CHURCH NEW MALDEN CONTENTS Pag• Tw8teos' report Indep•ndent ex&nne¢S report Stalèmnt of financlal 8¢tivltl88 stat•m8nt of Ilnancl•l p0sOn Note8 to th• flnand•l statem8nl8 8-13
DOCU9 Env81ope ID.. 09A6B1g4-76Afk4D5A-B55&AB¢eGAsF18 THE LIGHTHOUSE CHURCH NEW MALDEN TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 The twslees Present thelr annual report and financial statements the year ended 31 December 2024. Thè fin8naal statements have been prepared in accordance wth the accounting policies sel out In note 1 to the fflngnclal statern8nts and compty with the charity'5 Memorandum and ArUcl8s of ASS11&0n. the Companies Act 2006 and "Accounting and Reporting by charles.. Statern8ht of Recommended Practlce apFllcable to chariuets preparing their Bccounts in accordance with the Financial Repctrting Slandgrd appllc8blo kn the UK Bnd Repub¢ ol Ireland IFRS 1021 leffectlve 1 J8nuary 20191.. ObJectlv•s and •ctivltl¢ The purpose ol this th8ritAble company IB to advgnca the Chrfstlan fahh for the public benefft In accordance wth the ststement of 8eliets ouuined in our Artic18s of Association in such parts ollhe UK or the worfd as the Trustee8 deem fit. Below 18 9 list of our princlpal activitie8'. l. The provlsion of ChTl8llan 8vent8 and tduc8Jon 11. Communlty lrnpact 111. Finanaal Support Public benefit Tho trustee8 have pald due regard to guldance 188u•d by the Charlty Commlsslon in decldlng what a¢llvlU•s the tharlty Should und8rtak¢. Achlevern•nts And performanc• Signiflc8nl activities gnd achi8vemenls ogainsl Objectives The vi31on ol the charity Is to 'E4ulp people for life through fath In Je$u8 Chrfsf. Thls 18 done prlmarfty Ihrough Chr181ian ovenls and educatlon. Teaching on the Chd8lAn 18tth 18 done both through regular Sundoy meOng$ and Connp¢t Groups. These aCtrtIes are On to all. Our repeated involvement in Ihe New Melden Chrfstmas Ilghls 8wStch-on •ngbled us lo meet the communlty a8 our volunteers gav¥ out around 400 bags of pick and mix swei%t$ for free. Our y•arty ¢ontrIbuon$ of groc4rte$ to support lo1 vulnerable famllleB In need alBO conllnued vla ongoing ¢onn•etlon8 with Sau¢d Heart School. Our Iranian rninislry continues lo grow. In Ihe lighi of new govomment systèms lo process asylum applIcaons, Ihe dyn8mics of our Iranlan communlty ha5 chang¢d rapidly. Whèreas belNe a large numb¢r of our asylum seekers remained in Ilmbo lor a lon9 tlme. awaiting an Interview, now many seem to be reclving inlerview$ and re801ulion8 to their asylum claim3 wlthln a matter of monlhs, rf not fjkS. As Suth, we have had the prlvbltrge of supportlng wlder range of indlvidu8ls, coupleB, 8nd farnilies on both 8 6hort- and long-lerm ba81s. From our Irani8n mlnlslry, we hav• b•en able to teach, traln. 8nd baptlse 17 candldates Ihls year. Furth•rmore, we are partnering wlth the org8nl$alion Elam to b¢tter resoure¢. pastorally $upport. and dlsclple Iranians online in thelr natlve language, Indudlng those vtho have moved away 8nd no longer 8ttend Ouf Sunday service$. Our reach gnd lrnpact contlnues to grow. Onè such story 18 Ihol of a family of 8 f8ther and hls 80n8, as well as a famlly Iriend. The elder Son was sepoiated from Ihem 89 they fted porsecution for Ihelr fath. Th? four of them were able to reunrte at our church and were bapt15ed together as a group. They told rne thot this eyperfence was wry healing and encouraglng for them. This year we have seen a number of I1 lamllies Vhth chlldTen become regular congregants, growing our kldi programrne. We have b able to assisl them pB5tor8lly In navigating the sometimes difficult dynamic5 of r8islng 8 family In London and are currenlty trI8lllng a midweek Connect Group tailored towards parents wlth young ¢hlldren. Thls year we also relaunched regular mi(h¥¥8k prayer me*tlngs, whith hove now grovm to occur lce a mortlh. These sp3ces allow Congregants to gather in-person midweek lin addllion to our thrfving midweek Connect Groups) lo pray together, enurage one another, and soclolise. Many congregants who attend h8v& found thom greauy encouraging. and often reporl back the following meehn9 aboul significant changes in their lives and their loved ones.
Do9n Envdw8 ID. 09A6B194-76AtHD5A-855>B3ABC6CA8F1B THE LIGHTHOUSE CHURCH NEW MALDEN TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024 Al the end of 2024 we were joined by Pastor8 Stuart and Ann-maree CoBSti¢k who prewouS led Equippers Brentford. They have been a constsnt source DI p88loral and splrtual support for Pastors Chris and Ra¢hel Huckie, as well as IndIdual$ vAthln the church. It Was agreed Ihal our formBI Involvefflenl whh Equlpper8 and ACTS Chur¢h&$ had run Its course and thal the needs of our congregants, cttmmunity. 8nd vision ol our cha¥ty would be better seNed with the Pioneer Churche8 org8nisalion. It was fèll Ihat 8 greater Sons8 of connection, ¥¢countability, resourrAng. and strategic cooperation would be achieved alongside Ploneer, and the church has begun its Iranslts'on to loln the netsrk by lorglng relationships wilh key leaders, glving and receing support in areas of ministry, attendlng conferences, and p8rticip8llng in local ¢omunity ev8nts with other Pioneer churche8. The purpose of Pioneer is 'TAking Ihe Gospel lo new places and spaces,, which the church feels ready to do 81 this stage. VAII conllnue to SUPPOrt local tsmilles and asylum 8a¢keis whlst also seeking to expond oui pr¥¢ttcal outreach to new art8s, betler resourced by 8nd able lo partKate Sn somethlng greater thanjust our bcgtlon. Flnanclal rgvl•w Ther• was a deffidt of £325 durlng the year (2023.. 8urpluJ of £3,402). Total fund¥ at th¢ year end amounled lo £746,03412023'. fund8 of £746,3S91. Res&The$ policy 11 Is th¢ polty of the charity that unrfjstrfcted fvnds whh have not been d88ignated lor A 8perAfic use should bè malnlalned 81 a le¥81 equiv8lenl to b&een three and slx Inonth's expendllure. The Irusl¢es consider thal feseNes at thls level will ensure Ihat, in the event of a slgnlflcAnt drop funding, they wll bts able to conllntse the Chaty8 current act111•S %thlle ¢onsideratlon 1$ glvon to ways In whlch addltlon81 lund8 may be r8lBed. Th[8 level of r•$•rvo6 has begn maintained throughout the year. M8Jor risks The Iru¥le88 have aBses•ed Iho malor rlsks lo whlch the charfty 18 exposed, and are saU$flad that oysl¥m$ are in pl8¢ to mltigale exposure to the major rtBks. Structur•. govem•ne• and m•nag•m•ni The charty 18 a company Ilmrted by gu8ranlee182158251 and 18 a Charlty raglÈlered wlth th• Charlty CommlB8lon 11149176> and haB no Income subject to Corporation Tax. The iruslees, Svho are also tho dlrectors for th• purpo8e ol ¢ompany law, and who seryed durfng the year and up to the date of ilgnatur8 of the financlal stal¢m•nts were.. Mr R Mullins Mr P Prothero Mr C Hu¢ Mr S J Cos8tick (Rasigned 7 February 20251 (Appointed 8 February 20251 None ofthe Irusle¢s has any b8n•fiaAI Interest In the company. All of the tru$tees are members ofth• company Dnd guarantee lo contribute £1 In the &Yent of 8 wlndlng up. Th• trustee6' report was appTov¢d by the Board of Trustees. Mr C Huckle Trustee 91T12025 Date- ....
Doajslgn Envdupe ID.. CQA6B194-76AfHDSA-B559-B3ABCBCA8F1B THE LIGHTHOUSE CHURCH NEW MALDEN INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE LIGHTHOUSE CHURCH NEW MALDEN I report to th¢ trustees on my examinatbn of the fln8na81 slBtements of The Lighthous8 Church New M8lden (the charity) for the year ended 31 Oecember 2024. R•sponslbllltles and basis of report As the Iruslees of the ¢h8Jty land al80 dlrectors foT th8 purposes of company lawl, you ar8 respongibbe for the preparalSon of the financial stalemen15 accordonce wbth the requlrements of the Companies Aci 2006. Havlng 88tiBfled ryself that th• Ilnanual 51olements of the tharity are not required to be audr(¢d under P8rt 16 of the Companies Act 2008 and are ellgible lor Independ*nt exomination, I roport in respect of my examination of the chorfty's fin8n¢Sal stalements carried oul under section 145 of the Charilles Act 2011. In carrylng out my ex8mlnatlon I have follow¥d the Direcllons given by tho Charity Commi6¥1on undeT sectlon 14515llbl ol the chae3 Ad 2011. Ind•p•ndènt ex•mln•rf• •t•t•m•nt I have cumpl8led my examlnation. I cvnfiThn Ihat no matters have come lo my gttantlon In connecllon vAth the examIn8on giving me ¢auGe to belleve thal In gny rnaterfAI respect.. accounllng rerL)rd$ ware not k8Pt In respect of the charfty a8 requiT•d by sedon 388 of tho Companle8 Act 2006. the flnando18tatemenls do not •ccord %lh thoBe r•coTd8', or the financjal 8tsternents do not CoMY wlth the accounllng requlremenls of ¥e¢tlon 398 of the Companle6 Acl 2006 olher than any requlremenl that the financial slalemenls glvfj a true gnd fair vlew, which 1$ not a matter considered as part of an Independent 8xamln8Uon', or tho financial st8tement5 hpve not been prepared accordanu th the methods 8nd prfndpl&s of the Stalamnt of Recommended Practi for accounting and reporting by charities applicable to charltle preparlng th•lr ffinanci81 slalement8 In gccordanco wSlh the Fln•rt¢ial Reportlng Slandgrd appIlble In the UK and Republlc ol IrelBnd IFRS 1021. I have no ¢oncerns and have com¢ across no other mattern In connectlon wfth axarnlnallon to which 8tt8ntlon 8hould be drawn in th18 report in ordef to enable a proper under5tandlng of the fin¥ndal statern8nls to be reached. John Coladlno FCCA CTA FCIE Caladlne Llmlted Chantry House 22 Upperton R08d Ea81bouTnt East Sussex BN21 18F Dale..
Doculgn ErNelLye ID.. 09A6B194-78AEF4D5A-BSB5ABcbGA8FIB THE LIGHTHOUSE CHURCH NEW MALDEN STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unre•trbctod funds 2024 unrtrICId fund• 2023 Restrfcted funds 2023 Tot•1 2023 Not•• Incom• and •ndoTh•nt• from: Donations and lepad8B Inves1rn8nts Other income 44,308 34,204 55.952 36.717 713 717 56,669 36,717 713 Total Incom• 78,512 93,382 717 94.099 Expendlturn on: Charitable activrtl•s 78,837 89,980 717 90,697 Total •xp•ndltur• 78,837 88,960 717 90.697 N•t Incom•ll•xp•ndltur•l •nd mov•m•nt In lund• 1325> 3,402 3,402 Reconelllatlon ol fund•: Fund balances 911 January 2024 746,359 742.957 742,9S7 Fund bAl•n¢e• at 31 O•¢•mb•r 2024 746,034 746,359 746.359 The Btaloment of financlal actlvttleB indudes 811 galni and IosBes r•cogn18ed In the yaar. Al Income and expendhur• derive from continulng 8thftleB.
DO¢9n En¥lope ID.. O9A6Bl94-76AND5A-B5B3ABcBcA8F16 THE LIGHTHOUSE CHURCH NEW MALDEN STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2024 2024 2023 Note• Flxed A•ets Property, plant and equipment Investment property 10 12,551 675.000 18,959 675.000 687,551 693,959 Curr•nt aHets Trade aftd other recelvabbe8 Cash Al bank and In hand 12 7,070 84,169 9.334 61,903 71,239 112,7561 71.237 118,6371 Curr•nt Il•blllil•• 13 Not Current ••••ts 58.483 52.400 Tt)tsl a•Mt• curr•nt Il•bllltl•• 748,034 748,359 Th• fund• of the ch•rlty Unreltrtctsd lund$ 14 746,034 746,359 748,034 746,359 The company18 entltled lo the exemptlon from the audlt requlr8fflent contalned In 8ectlJn 477 of the Compgnle8 Act 2006. for Ihe yèar ended 31 Dec•mber 2024. rha dlreclors 8cknowl•dge their re5pon$lbillUe3 lor cornptylng wth the requlramenls of Ihè Compunles Act 2008 wlth Tesped to accoUnng re¢ords and the preparatlon of ffinan¢l81 slatements. The members have not requlred the cornpDny to obtAin an audrt of It8 flnandal 8latemenl$ for the ye8r In que8tlon In accordance $6ction 476. These flnanclal stalemtrnls hav• been pr¢pared In accordance with the PTovl8lon8 appMcBbl• to mpAnIe1 subject lo the sm811 companles regim•. The finandal stalem•nts were approvad by the truBtee$ on . 9n12025 EOLvliefywD¢FC" "YA¥8$2¥t¢¢¥ci)v" Mr C Huckle Twstee Mr R Mulllns Company regi5tr9tlon number 8215625 IEn9land and Wales)
DouJ¥gn Erwelcye ID.. D9A6B194-76ACHD5A-B559414BC8CA8F18 THE LIGHTHOUSE CHURCH NEW MALDEN NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng pollcl•8 Company Inforniatlon The Llghthouse Churd) New Malden is a private Company limSted by guarantee Incorporal•d In England and Walès. The registered office 18 27 Seaforth Avenug, New Malden, SurTey, KT3 fjJR. 1.1 Accounllng conv•ntlon The finpnual statements hove been prepared in accordance wlth the charlty'8 Memorandum and Aiticle6 01 Assoclation the Companie5 Act 2006 and "Accounllng and Reportlng by Charitles.. sialement of Recommended Practice 8ppllcable to charitles preparlng their accounts in accordance with Ihe Financ181 Reporting Standard applicable in the UK 8nd Republlc of l¥eland IFRS 1021 leffe¢t5ve 1 January 20191" Th• charlty Is a Publlc 8•nefit Entsty as defin$d by FRS 102. The charty haB taken advantage of Ihe provlslon8 in tha SORP for thrrtIe9 applylng FRS 102 Update Bulletln 1 not lo PPare a Ststement of CBSh Flow$. The Inandal slal?m•nts are prepAred in sterflng. vthlch Is thè functlonBI currnncy ol th• charity. Mon•tary mounts In these flnancl81 statements are rounded to the near•st £. The financlal ststements hav• been prapaied under th• hl8loTkJl ¢o$l conventjon. modlfled to Include InveBtmenl propertleB al IAlr v81ue. The pdncipal accountlng pollrAe8 adopted ar• out below. 1.2 Golno ¢onc•rn At the tlma ol OPPTovlng Ihe fin8nual statsments, the tru$tee8 have 8 r•a6onabl8 8xpectation th81 the charfty has adequate resource$ lo continue In op8rotlonal ?xl$tence foT the loreseeablè future. Thu$ the Iru5tee$ confjnue to adopt the golng concern basls of accounllng in preparfng the finandal 8tstements. 1.3 Ch•rttsbl• fund• Llnrestricted fvnds are 8vo118ble for UB8 al the dlscrelion of th& truoleei In furtheronce of thelr chorliable oblectlves. Rèstricled lunds are subject lo spedfic conditions by donors or grantor8 as to how they rnay be us•d. The purposes and Ibs of the reslrlcled lund8 are s•t out In the nots8 to Ihe ftnanaal statements. 1.4 ID¢om• Income 16 racogniBed when the charity Is legalty enfjllod to It after any performance condtti0rt8 have been mel, the amounts can be measured reliabty. and11 Is probabl8 that Incom& 11 be rec•lved. Ca8h donallon8 are Tecognls•d on recelpt. Other donallons are recognisad once the charity has been noliffied of the don8tlon, unless pèrformance ¢ondltions requlre deferral of the emounl. Income lax recoverab in relation to donations re¢eived under Gift Aid or deeds of covenant Is recogn18ed at the iirne of the donation. Legacles are recognlsèd on receipt or otherwS8e if the chgrity has been notffled of An Impending d15trlbulion. the amount is known. and receipt 13 expected. If the amount l& not known, the legacy IB treated a$ a conllngent 8S6et. 1.6 Expenditure Liabilities are recognised o eonstrucUv8 obllgatiDn exlsts, the paymEnl 13 probable and the 0[gatiOn can be measured or estlm8ttsd reliabty. Resources expend¢d afe allocated to the parbcular cost centr¢ lo which they relate and include irrecovorable VAT.
DouJ5ign EnlOPe ID.. 0946B194-76AD4DSA-B5594WC8CA8F1B THE LIGHTHOUSE CHURCH NEW MALDEN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng policiej Icontlnuedl 1.6 Property, plant ond equlpment Tangible fixed a8seiS lor use by the Charity. these are caprtalised if they ¢8n be used for more than one year, and cost at ie881 £1,000. They are valued 8t cost or. If glfted. 01 the value to the charity on rtrc•lpt. DepredAtlon 59 Tecognlsed so as to write off the cost or v8lu8tlon of assets1888 their r88idual values over thelr useful lives on the following bBsis'. Back h811 Flxtures and equlpm¢nt Moior v•hldes Fully depreclaled 25V) strBlght line 25% stralght Ilne The galn or loss arlslng on the dSBpo$al of an 8s8el Is dalermined as th• dTh7erence between the 8ale proc8ads and the ryIng value of the •88el, and 18 recognlsed In the 81glèmant of flnanclal ¥thitle8. 1.7 Inve•tm•nt prop•rty Investment property, whlch is proptrty held lo earn rentals andlor lor capttal Jppr•cl8tlon, Is In1allY recognised Bt co¥1, which Indude8 the purchase cost and Any dlreclly attrfbutable expenditure. Subsequenlty 1118 mea8ured gt falr value al th• r•poth'ng end d•le. The 8urplu8 or delldt on r&valu8tlon 18 recognlBed In profil or1085. 1.8 Impalrrnont of non-curr•nt ••i•t• Ai oach reporb'ng end d8te, Ihe charity revlews the ¢erykng amounts of rt$ tsnglble ass•l$ to determln• whether there 1$ any Indlc8tlon th61 Ihoi¢ gssets hav* suff8red an Smpairmenl loss. 11 any such indi110n exlsls, Ihe recovarable amount of the assel Is e8th'm8ted In order lo detemiine the e81 ol the Impairm8nt 1055 lif Bnyl. 1.9 Cash and c••h •qulval•nt• C8$h and cash equN?lents Indude ca8h In h8nd, depostt¥ held at call wllh banks, other short-term liquid Investment8 wbth orlglnol maturtties of Ihre8 month6 or 188s, and bank overdrafts. Bank overdfAfts are 8hown wlthln borrowings in eurrent Ilabililies. 1.10 Flninclal In•trum•nt• The charty has ele¢t•d to opply the provl$lons ol Sectlon 11 'Basic Finandal Instrurnent8' and Secuon 12 'Other Finandal Instruments Issues, of FRS 102 to all of Ot8 financial InalnJmenlB. Flnancibl in$lruments are recognlsed In ihe chartty'$ balance ¥h••t when the charlty becomes party to the contractual Pfovlslon6 of thè instrumenL Flnanclal assets and Ilabllrtles are offset, whh the nel amounts presented in the fin8nual statements. when thère 15 a18galSy enfor¢8able Tight10 5Pt off Ihe recognised 8mounts and thore Is 8n Inl8ntion to settle on a net b8sis or to reallse the asset and 8ettle the liabilty simultaneously. Basic fin•nri•l assots Basic finanaal 38set5, which indude trade and other récelvable8 and cash and bank b8lAnces, are initialty measured al transaction price includlng transaction costs and are subsequenuy rried at amortised cost Using th¢ eff8Ctive intefesl rn8thod unless the arrangement ConstuteS a finandng transaction. vjhere the transactlon is measured at th8 present value of the future r?ceipt5 discounted at a rnAet Tale of Interest. Financial assets dassified as re1VebIe wtthln one year are not amortised.
DorAkslgn ETrvely ID.. O9A68194-76At>4A-B&B3AC8cA8FlB THE LIGHTHOUSE CHURCH NEW MALDEN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Ac¢ountlng pollel•s Icontlnued) 8asic fin•nel•l Il•billtles Bas1¢ financial liabllitie$, includlng rrade and other payables and bonk loans are initialty re¢ognised al Iran$8Ction price unless the arrangement constilutes a financing Iron$8cUon. where the debt instrument Is mèasured at the present value ol the lulure payments di5cwnted al a moikel rate of inl&rest. Flnancial liabilitjes classified 85 payablg thIn one y83r are not amortised. Debt Instrument8 are ¥ubsequenlty CaTrled ot amorbs•d cost, U8ing th• *ffective intewst rate method. Tr•de payables are obligations to pay lor goods or seNlce6 that have been acquired in Ihe or(Ilnary COUT5e of operatlon8 liom 8upplier$. Amounts pay8ble are dassified Bs current Ilabllitles If payment 18 due wfthln one year or le8$. If not, they are piesented 88 n¢n-currenl 118blllt18s. Trade payables are ro¢ognlsed Initlalby al transactlon prlce and subs8quently measured al amortistd cost using the effective Inlerest method. Dgrecognition of Iln•nel•l Il•bllltle$ Financial Ilabilities are derecognlsed whon the charlty's ¢ontractu81 oblloations expire or are dlBchgrg8d or cancAled. 1.11 Employ•• b•n•lbt• The cost of any unused hollday enllUefflenl18 fecognlstrd In the pertod In whlch the employee's Bervlces are recelved. T¢rnilnallon btrn•fit8 8Te recogni8ed Imrnedialety as an eXptsn when the chyrty 18 demon$trAbly comwnltted to temilnalt the employment of an employe& or lo provlde tèmilnatlon benoffts. Crltlc•l •c¢ountSng e•tlmat•• Ind ludg•m•nts In the appllcallon of the charlty'y a¢counlSng pollcSe8, the trustees afg requlred to moke judgement$. estimate and as8umptlons about (he carylng amount of 8ssets and Ilabllllies that Bre Ttot readlly appgr¢nt frorn olhèf soiirc86. The esumates and a$$o&ated 8ssurnptlon3 are based on hlstorfc•l axperience and other factors that are con8Ideied to be relevant. Actual results may differ Irom these estim81&s. The 08tlmgtes and underfylng asBumpUon6 are rèvl8w6d on an ongolng ba$l$. Revlslons to aGcountlng ¢$t6mates are recognised In the pèriod in whlch the estimate 15 revlsad where Ihe rev161on affécts oniv that p¢riod, or in Ih? perfod of ihe rev151on and future periods whero the vIsion gffects both ¢urTent and futu perlods. Income Irom don•tlon• and l•g•cl Unr•strf¢t•d R••trlctod funds fund• 2024 3024 Total Unmtrlcted Re9tr1cted fund• funds 2023 2023 Total 2024 2023 Don•lons and gifts Grants 44,308 44,308 48,952 7,000 717 49.669 7,000 44,308 44,308 55.952 717 56,689
Dowlgn EnTrDpe ID.. 09A6B19<76Af&4DSA-B$59-B3ABC8CA8F1B THE LIGHTHOUSE CHURCH NEW MALDEN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Income from don•tion• and leg•¢leg Unr•*tricted Regtrict•d lund• fundth 2024 2024 Total Unmtrlet•d RBstrlet•d funds funds 2023 2023 Total 1024 2023 IContlnued} Don•tlon• •nd glft• Grfls. tithes and donations Gift Ald tax recoverable 36.932 7,376 38,932 7,378 42,461 6,491 717 43.178 6,491 44.308 44.308 48,952 717 48.889 Incofflo from InvMtm•nt• Unr••trf¢t•d Unr••trlet•d lund• furtd• 2024 2023 Rental Income Interest Te¢elv8ble 33,201 1,003 35,825 892 34,204 38,717 Other Ineom• Unr••tri¢tsd Unr••trlcted lund• fund8 2024 2023 Sundry In¢e 713
DOCJJ8Tr Er10.. 09A6B194-76AtHo5A-B5B3A8C8GABFlB THE LIGHTHOUSE CHURCH NEW MALDEN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Exp•ndltuT• on charfl•ble actlvitiea Ch¥rltabl• *ctl¥ttle• Charrtable activlties 2024 2023 Dlf•Ct ¢o•ts Stsff co8t8 Depre¢laon and Impairment Conference and trainlng cour88s Equlpment Honorarlum Mlision and event C08ts Moior èxpense Travel and hospital Youlh And chlldren's church Venue hir• lover acwal £6,250 In 20231 Asylum 8eekef$ support 3,831 8,408 3,730 2.424 597 4,945 2.683 7,475 1,024 16,508 13,139 6,408 2,780 657 3,738 2,490 5.876 257 13,750 15,168 51.102 82,784 Sh•r• of •upport and gov•rn•n¢e Go•t• (••• not• 71 Support Govtmance 21.878 6,059 20,409 7,524 78,837 90.697 An•ly•ls by fund Unregtrlctad funds Restrlcted fund• 78,637 89,960 717 78,837 90,897 10-
Docusign En¥ekye ID.. ogA6B194-76AD4DSA4553ABC8QA8F1B THE LIGHTHOUSE CHURCH NEW MALDEN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Support COBt• ¥llocat•d lo a¢tiviti•• 2024 2023 Insurance Office expenses Telephone Bulldlng exp8ns88 lutIle8, rates and mlnor repo) Bank chBrges Sutyscripts'onB l So9T¢ lieRnce8 AdvertO$lng Govemance lti 1.994 363 2.155 11.663 370 3.010 854 7,524 217 2.898 13,039 365 2,998 618 6,059 27.735 27.933 Chafltable actlvlli¢s 27,735 27,933 2024 2023 Gov•vnan¢• co•t• compr1••: Account8ncy IndepentJ8nt examlnjllon Professional fees And lettlng costs Bookkeepln9 1,240 500 3,432 887 1,240 3,706 2,138 6.059 7.S24 Tru•tM• Trustee, Chrivloph¢r Huckle, and hll vlle Rachel. ha U8e of the thurch flat a8 lIn9 accommodafjon to enable them to Carry out IhelT dull88 88 church p88tors effectlvety. Durlng Ihe year, thèy contslbut•d £2.040 toward6 thi812023.' £2,040). The Church pald for th• cost of some adlvrtle8 undertaken durfng the year by th¢ churth pa8tor8. for example Irainkng courses and conferences. The total cost In 2024 was £2,75812023., £3,344). DonalionB re¢•lved from the Iru8tee$ and thelr wlat8d partl85 durfng the year arrK)unt•d to £6,26S 12023.. £8.4291. Employe•9 2024 Numb•r 2023 Numb•r 11
D$[gn Enyebjpe ID.. o8A6B176hD4osA-B55&B3ABCs¢A8F1B THE LIGHTHOUSE CHURCH NEW MALDEN NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Employee# Icontlnuedl Employmerrt co•18 2024 2023 Wages and sllaries 3,831 Ther• were no •mployee$ whose annual remunero1Son wa8 more than £80.000. 10 Prop•rty, pl•nt and •qulpm•nt 8•¢k hall Flthrtt Ind •qulpmnl Co•t Al 1 January 2024 58.916 11,499 24,692 95,107 At 31 Dacember 2024 58,816 11,499 24,892 95.107 D•pr•clatlon •nd SMlTM•nl At 1 J8nu8ry 2024 Depreaats'on ¢horged in th• y¢gr 58,916 11,059 235 8,173 6.173 78,148 8,408 At 31 December 2024 58,916 11,294 12,348 82,556 Carrylng amount Al 31 Decernber 2024 20S 12.348 12,551 At 31 Decembw 2023 440 18,519 18.959 Cfvureh olto The thureh slte has not bean Includad 86 It18 Impractical to a3cert#ln Its COBI or to Indude a calculalon at falr mgrket V8lu8. The lo the church slle indudlng the back hell and the thur¢h nal, are r8glsteTed In ihe nam• of Ihe Church. 8ack hall The back hall 18 a moblle bulldlng with gn expe¢led Ilfe of 25 years. Completion took place lrt Novembei 1994 at a tol81 cost of £58,918. This cost of the bulldlng was wrltten off on a 8liaight line b881$ over 25 years at a r8te of £2.356 peryear, comrnencing wth the y¢ar end 31 St March 1995. Th18 Is now fvty depreclated. 11 Inve•lment property 2024 Falr valu• At 1 January 2024 and 31 Oe¢ember 2024 675,000 Investment property compTi$es 78 Claremont Avenue, New Malden, KT3 6QN. The lalr value of the nvestment property has been orrived At on the basls of a d6skiop voluation Caled out by Dexiers, who are not connected with the charty. The valuation, dated August 2023, was made on an open market value b1$ by reference tts transaction prlces for slmilar prop8rUes and is not believed Its have changed signtficantly. 12-
Do¢gn envelope ID.. o9A68194-76AtHD5A-B55B3ABcacA8F18 THE LIGHTHOUSE CHURCH NEW MALDEN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 12 TTad• •nd oth•r rec•lvabl•s 2024 2023 Amounts falllng dug ¥Athln one yoar. Trade receNabltsg Other recefjvables Pr¢paymenls and accrued Incom& 3,195 155 3,720 8,078 1,389 1,889 7,070 9.334 13 Currènt Ilahllltle• 2024 2033 Tfade pay8bl8$ Olher pay8ble6 Accru81$ and defefftd Income 6,918 3,714 2,124 694 3,011 15.132 12,758 18,837 14 Unr••trl¢lod fund• Th• unre8tricled fvnds ol the charfty comprf8e the unexp•nded balan¢e$ of donellon$ and grants vthlch are not subleci specilk conditions by donors and gTanlor8 as to how they may b* used. Thèse Include daslgnated lund8 whh hove been sel aslde out of unrestrfctetj funds by the trustees for sperific purpose8. Ineomlng At31 r•$ource• Oecomber 2024 At 1 J•nu•ry 2024 R••ource• •xpendod General fund8 746,3S9 78,512 178,8371 748,034 Prevlou• yMr: At 1 Janu#ry 2023 In¢omlng r••ource• Ra•ourc•• •xpend At31 December 2023 G•neral fvnds 742,957 93,3B2 189.9801 748,359 10 Rel¥tsd rtY trAn•aellon• There were no di8cbsable rel8ted party tran90Ctlon6 durtng the porfod except Ihose mentioned In Tmstees note12023'. nlll. 13-