Charity number: 1156643 THE LIGHTHOUSE LONDON COMMUNITY TRUST UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Gsfd&co GriFfrif. St-ne Mosuop & Co 100 YEARS
Docuslgn Envelope ID: AA61A7744C88-4A80-AC36-E55AOCFB886B THE LIGHTHOUSE LONDON COMMUNITY TRUST UNAUDITED CONTENTS Page Roference and administrative details of the Charity, its Trustees and advlsers Trustees, report Indopendent examin8r's report Statement of financlal actlvltles Balance sheet Notes to the financlal ststements 10-25 Griffin Stone Moscrop & Co 44RIEPEDP£CCUFl[bNTS&RE(dStEDrnIS
Docusign Envelope ID.. AA61Ar14-4c8&4A8AC3G-ES5A0CFBB66B THE LIGHTHOUSE LONDON COMMUNITY TRUST UNAUDITED REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2024 Trustees Chi-Eun Lee, Chair Siji Adesemowo Celine Djibo Tchatchouano Zim. Treasurer Sharon Henry Song.En Sarah Tan Rev. Andrew Keighley Tess Oyediran Charlty r6glster8d number 1158643 Prlnclpal office clo HTSC C of E Church Finchley Road London NW3 5HT Accountants Griffin Stone Moscrop & Co Chartered Accountants 21-27 Lamb's Conduit St81 London WC1N 3GS Page 1 Grlffin Stone Moscrop & Co Cl.L4KER WAfm&PEGSTUIEDAUDtro
Do¢usign Envolope ID.. AA61A7744C88-4A80-AC36-E56AOCFB866B THE LIGHTHOUSE LONDON COMMUNITY TRUST UNAUDITED TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees present their annual report together with the financial slat8menls of The Lighthouse London Community Trust (Ih6 charily) for the period 1 January 2024 to 31 December 2024, The trustees confimi that the annual report and financial 51atemenls of the charily comply Nvlth the charily's governing document, the Charities Act 2011 and the provisions of the Statement of Recommended Practice (SORP) Accounling and Reporting by Charities applicable to charilies preparing their financial statements in accordan with the Financial Reporting standard applicable in the UK snd Republic of Ireland (FRS 102) published on 16 July 2014. Objectlves and actlvities a. Policies and obJectiv68 Acting within a Christian elhos, to act as 8 resource for young people between ages of 16 to 24 living in North London by providing advice and assistance and or9anising programmes of physical, educational, and other adivities as a means of achieving fhe principal objecl of the charity referenced below. The Lighthouse London Community Trust aims to ignile a vision of th8 Possible in the lives of disadvantaged young people through a one y8ar programme of support which starts with a 6-week intensive cours6 of training. There are six cohorts of the programme each with 10-15 young people. After the Six w8ek course the young people continue to get support with applying for jobs and ensuring they are s&ttled in work once they g@t a job for a one year period, Through the course, It 13 the aim of the Trust to inform, prepare, and support young people into sustained 8mployment, training, or further 8ducation. The specific aim Df th8 Trust is that 75 percent or more of young people who take the course should gain eMploent, or continue in education, or training and still be thera one year later. In addition, the Trust aims to unite local community, business, and individuals in the support and advancement of the ntr8, and through it, local disadvantaged young people. b. Strategies for achieving objectlves Our strategy for achieving these outcome5 is to raise suffici8nt funds to run a Centre, staffed by a Centre Manager, Lead Coach, and Graduate Coach. Funds are primarily raised through a fundraiser h8ld once a year. Members of the trust are also involved in connecting wilh businesses in th8 local community to gain their Suppori, as well as applying for grants from outside institutions. In addition lo fundraising, members of the trust actively promote tha Centre through personal relationships, connections with local business, and social media, c. Activities undertaken to achi8ve objectives In September 2021 the trustees increased the service provision by providing a mentoring support manager working with a younger age group run in partnership with XLP. Mentors are paired with young peopl&, meeting with them regularly to help them make good choices with the aim of empowering them to complete their education, avoid anti-social behaviour and ultimately become independent and confident contributors within their communities. This was a three year Commitment which came to an end in August 2024. Further, th6 charity runs a Spear Centrè to support 16 24 years who are not in 8ducation, employment or training to find meaningful employment. d. Volunteers 16 people were engaged in mentoring young people through XLP in 2024. 80 people supported the spear programme as volunteer mock intervi8wers, 12 p8ople have shared thsir career exp8riences with participants. We have also had a consistent number ofvolunteers from South Hampstead High School, assisting and supporting in sessions and Spear Celebrations. 10 volunteers w8r6 Involved in our fundraising event in addition to the 7 voluntary trust8es. Page 2 Grlffin Stone Moscrop & Co (HAR.R£CNTANTs.ts5IEREDUrns
Doou5ign Envelope ID.. AA61A774-4C88-4A8QI-AC36-E56AOCFB866B THE LIGHTHOUSE LONDON COMMUNITY TRUST UNAUDITED TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Objectlves and activitles (continued) e. Maln activities undertaken to furthar the Charity's purposes for the publlc benofit The Charity has furthered public benefit this year through the projects noted in this report. The trustees confirm that they have complied with the requirements of section 4 of the Charities Acl 2011 to have due regard to th8 public benefit guidance published by the Charity Commission for England and Wales. Achlevements and performance a. Revlew of activltles Six Spear programmes were completed in Ihe calendar year 2024 (all of which were in p8rson). The courses were facilitated by a full-time Centre Manager, Lead Coach and Graduate Coach. Figure l.. Recruitment and graduation flgures Course Number Enrolled Graduated 2024 60SC 61SC 62SC 63SC 64SC 65SC 14 17 15 17 16 15 13 13 11 12 10 12 As of the end of 2024, Spear Camden's av6rage 12 month EET stat was 670/D, which is a 6°/0 increase from the previous year. The 2024 May Fundraising went ahead, where donors were able to hear from 2 former trainees who completed the programme. Throughout the year the numbers of enrolled either hit or exeded the target of 15. This is due to increased strengthening of local referral networks, relationships with JCPS and diversifying our referral sources (Care Leaver teams, Council Career services, Youth Clubs etc). Social isolation and mental health issues continue to be a common barrier to employment for those attènding Spear, and there has a180 been an increase in care leav8rs as well. We are still maintaining a relationship with a local youth centre which specialises in Mental Health support, wher8 young people are introduced to the service as part of each prcgramme, as well as the youth centr8 referring young people to the programme. Both Centre Manager and Lead Coach have been in post sinc8 Summer 2022. We had a nw Graduate Coach in D6cember 2023. Mid 2024 was a significant marker for XLP North M&ntoring with Mentoring Manager, Roberta Fontaine concluding 3 years of pioneering the programme hare which in total saw an amazing 54 young people supported through year-long mentoring relationships. One young pgrson said °It's like have Ihe best parts of a fi70nd your age and the bGst parts of an adult in your ljfgl" and another commented "Il's mad8 ffte fe81 like things are possible.. A number of young people who were not engaged in school were able lo reintegrate, 80,/0 of participants staying in education. We give thanks for all these young lives, and the dedicated workers and volunteers devoted to seeing Iransformation in our community one child, one family at a time. Page 3 Griffin Stone Moscrop & Co CHAKrlEDu&vE511ED1ULyToR5
Docu81gn Envelope ID.. AAe1A774-4C88-4A80-AC36-E55AOCFB868B THE LIGHTHOUSE LONDON COMMUNITY TRUST UNAUDITED TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Achlevaments and performance (¢ontlnued) b. Fundraislng activitles and income generatlon The majority of funding for thé year was raised tlirough our annual Fundraiser held in May 2024. Other SDufc8S of funding include monthly donations from Individua58 and funding through the Big Give, Flnancial r6vlew a. Going concern After making appropriate 8nquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. b. R88oNes policy The Lighthouse London Community Trust plans to hold a Reserve equal to the cost of running the centre for a period of 6 months. This amount would act as a safeguard for years in which fundraising events perform poorly, or adequate fundiny is not achievad for ressons outside Ihe trusts. control. This figure is in eff8Ct an average as the focus on one main fundraising event per year means that reserves vary significantly throughout the year. We currently exc88d our reserve tsrget. c. Prlnclpal risks and uncertaintles The majority of ftjnding is gen8rated from an annual fundraising 8vent, without which funds would be severely depleted. Alternative sources of funding are being sought e.g. grant funding, to reduce the reliance on the annual fundraising event, and reserves are b8ing maintained as per policy above. Recruitmenl of participants for Ihe Spear programme continued to reach the target of 15 per cohort in 5 out of 6 Cohorts with the first cohort of the y8ar having 14 in it. The percentag8 of young people in employment, education or Iraining increased to 870/1 but is still below the targ&t of 750/. Achieving these two different targets which corrpete for leam lim8 continues to be a challenge with the risk is that if loo much focus is given to ene goal then performance Dn the other goal drops below target achievement. Good management of the team with equal focus on both targets is planned to increase the numb8r of train8es in employment, education and training whilst maintaininy the good levels of trainees recruited. Page 4 Grlffin Stone Moscrop & Co CHAKrEEEDACCNTw1[s8STERED
Docusign Envelope ID,, AA61A7744C88-4A80-AC36-E55AOCFB866B THE LIGHTHOUSE LONDON COMMUNITY TRUST UNAUDITED TRUSTEES, REPORT {CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024 structure, governanc& and management a. Constitution The Lighthouse London Community Trust is a charitable incorporated organisation governed by a constitution, according to the guidelines sef out by the Charity Commission. The constitution was officially registered with the Charily Commission on 11 April 2014. The principal object of the charity is to act as a resource for young pèople bebNeen the ages of 16 to 24 living in North London by providing advice and as81Stance and organising programmes of physical, educational, and other activities as a means of.. Advancing in life and helping young people by developing their skills, capacities and capabilities to enable them lo participate in society as independent, mature and responsible individuals,, Advancing educallon., Relieving unempSoyment', and Providing recreationa5 and leisure time activities provided in the interest of social welfare, designed to improve their conditions of life. b. Methods of appolntment or election of Trustees The manag8ment of the Charity is the responsibilty of the Trustees who are Nominated and co-opted under th8 terms of the Trust deed. Plans for future perlods The target for Sp8ar remains 15 participants per programme, 6 programmes per year and 75% of participants in work, education, or training 1 year afler graduating. Connections have been made with polential corpor8t6 partners, and our hope is that by the end of the year, we will have a new corporate partnership. The three yaars of funding agreed for the XLP Centre Manager came to an end in August 2024. Commitling to another three years of funding for the XLP Centre Manager was considered, however, due to a reduclion in funding it was agreed to focus solely on the Spear Centre in 2025 with a view to reviewing olher outlets for achieving the aims and objeclives of the Tru6t once income increases. Page 5 Griffin Stone Moscrop & Co cHA[EDOuRTfflEDDQRS
Docusign Envelope ID.. AA61A774-4C88.4A80-AC36-E55AOGFB868B THE LIGHTHOUSE LONDON COMMUNITY TRUST UNAUDITED TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Statement of Trustees, responslbllltles The Trusle8s are responsible for preparing the Trustees, r8POrt and the financial statement8 in accordance with applicab18 law and United Kingdom Accounting Stand8rds (United Kingdom Generally Accepted Accounting Pr8Ctice). The law applicable to charities in England & Wale8 requires the Trustees to prepare financial statements for each financial which give a true and fair view of the stale of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. preparing these financial statements, the Trustees are required to: select suitable accounting policies 2nd then apply them consistently, observe the methods and principles of the Charities SORP (FRS 1021,. make judgments and accounting estimates that are reasonable and prudent., stale whgther applicab16 UK Accounting Standards (FRS 102) have be8n followed, subject to any material departures disclosed and explained in the financial statements; prepare the financlal statements on the going concern basis unless it is insppropriafe to presume that the Charity will continu8 in business. The Truste&s ar6 responsible for keeping adequate accounting records that are sufficienl to show and explain the Charitys transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable th8m to ensure that the financial statements comply with th8 Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and th8 prov15i0ns of the Twst deed. 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 irr8gularities. Approved by ordgr of the m6mbers ofthe board of Trustees on 23 Jun8 2025 and signed on their behalf by: Chi-Eun Lee Page 6 Griffin Stone Moscrop & Co CHTED1[DUrITrN1rIsEDIuDlToks
Docusigt) Envelope ID.. AA61A774-4G884A80-AC36-E55AOCFB866B THE LIGHTHOUSE LONDON COMMUNITY TRUST UNAUDITED INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Independent examlner's report to the Trustees of The Llghthous8 London Communlty Trust ('the Charity.) I report to the charity Trust88s on my examination of the accounts of th8 Charty for the year ended 31 December 2024. Responslbilities and basls of report As Ihe Trustees of the Charity you are responsible for the preparation cf th8 accounts in accordance wfch the requirements of the Charities Act 2011 ('the 2011 Act,). I r8JPOrt in respect of my examination of the Charit8 accounts carried out under section 145 of the 2011 Acl and in carrying out my examinalion I have followed the applicable Directions given by the Charity Commission under section 145(5)(b} of the 2011 Act. Independent examlner's statement Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with Acccunling and Reporting by Chariti@s= Stat8ment of Recommended Practice appliGable to charitles preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in prefetrence to the Accounting and Reporting by Charities.. Statement of Recommended Practice issued on 1 April 2005 which is referred to in the 8xtant regulalicns but has been withdrawn. l understand that this has been done in order for the accounts to provide a tw8 and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods b6ginning on or after 1 January 2015. I have completed my examination. I confirm that no matters have come to my attention in connection with Ihe examination giving m8 cause to believe that in any material respect= accounting records were not kept in respect Df the Charity as required by section 130 of the 2011 Act,. or the accounts do not accord with those records. or the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports} Regulations 2008 cther than any requirement thal th8 accounts give a 'true and fail view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with th8 examination to which attention shculd be drawn in Ihis r8POrt in order to enable a proper understsnding ofthe accounts to be ieaGhed. Signed.. Robert Smith Dated.. 24 June 2025 FCA Griffin Stone Moscrop & Co Chartered Accountants 21-27 Lamb's Conduit Street London WC1N 3GS Page 7 Griffln Stone Moscrop & Co cHTE[.CCtyrr1Ts1EaST[REDIilTO
Docuslgn Envelgpe ID: AA61A774-4C88-4A80-AC36-E55AOCFB866B THE LIGHTHOUSE LONDON COMMUNITY TRUST UNAUDITED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 Rastrlcted Unrestricted funds funds 2024 2024 Total funds 2024 Total fund8 2023 Note Income from: Donations and legacies other trading activities Investm9nts 38,973 90,905 1,305 38,973 108,609 1,305 69.832 106,094 275 17,704 Total Incomè 17,704 131,183 148,887 176,001 ExpendSture on: Raising funds Charitable activities 4,889 146,326 4,889 164,022 6,215 211,489 17,696 Total expenditure 17,696 151,215 168.911 217,704 Net movement in funds (20,032) {20,024) (41,7031 Reconclllatlon of funds: Tot81 funds brought forward Net movement in funds 17,696 101,471 {20,032) 119,167 120,024) 160,870 (41,703} Total funds carrled forward 17,704 81,439 99,143 119,167 The Statemenl of financial activities includes all gains and losses recognised in the year. T.h8 notes on pages 10 to 25 form part of thes8 financial statements. Page 8 Griffin Stone Moscrop & Co CFlo.DC1wANJ&&E61sTl.RE0AIxXTcs
Docuslgn Envelope ID,, AA61A774.4C88.4Aeo-AC36-E55AOCFB866B THE LIGHTHOUSE LONDON COMMUNITY TRUST UNAUDITED BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Note Fixed assets Tangible assets 12 323 323 Current assets Debtors Cash at bank and in hand 13 33,966 73,588 21,427 126,465 107,554 147,892 Creditors: amounts falling due wtthin one year 14 (8,411) {29,048) Net current as88ts 99,143 118,844 Total assets less current liabllltles 99,143 119,167 Total net assets 99,143 119,167 Charity funds Restricted funds UnrestriGt8d funds 16 16 17,704 81,439 17,696 101,471 Total funds 99,143 119,167 The financial statements were approved and authorised for is¥ue by the Trustees on 23 Jun@ 2025 and signed on Iheir behalf by: Chi-Eun Lee Chair Th8 notes on pages 10 to 25 form part of th&se financial stat8ments. Page 9 Griffln Stone Moscrop & Co CH4k)r.ACcNTlNT&&RESrEDr[cfiS
Docusign Env8lop8 ID., AA6qA77MC88-4A80-AC36-E55AOCFB866B THE LIGHTHOUSE LONDON COMMUNITY TRUST UNAUDITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 General Informatlon The Lighthouse London Community Trust 1$ a registered CIO with the Charity Commission for England & Wales (charity number: 1156643). The principal pla of business can be found on the reference and administrativ8 details page. Accountlng policlas 2.1 Basls of preparatlon of financial statements The financial 8tatements have been prepared in accordance with the Charities SORP (FRS 102) Accounting and Reporting by Charities.. Statement of Recomm@nded Practice applicable to 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the CharitieE Act 2011. Th8 financial statements hav& been prepar&d to give a 'true and fair view and have d8P8rted from the Charities {Accounts and Reports) Regulations 2008 only to the extent required to provide a Yrue and fairf vi8w. This departure has involved following the Charities SORP IFRS 1021 published in Oclober 2019 rather than the Accounting and R6POrting by Charities., Statemant of Recomm8nd6d Practi effective from 1 April 2005 which has since been withdrawn. Th8 Lighthouse London Community Trust meets the definilion of a public benefit entity undar FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless othe1$e stated in the relevant accounting policy. 2.2 Income All income is recognised once the Charity has entitlement to the income, it is probab18 that the income will be received and th& amount of income receivable Can be measured reliably. Grants are inclLJded in the Statement of financial activiti8s on a receivable basis. The balance of income received for specrfic purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferr8d and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued. Income tax recoverable in relation to donations received under Gift Aid or deeds of ¢oven8nt is recognised at the time of the donation. Income tax recov8rable in relation to investment income is recognised at the time Ihe invostm6nt incom6 is receivable. Page10 Griffin Stone Moscrop & Co CHTE£.9CUNrPNrSE1EHEDMj[rfTO1S
DoGu5ign Envelope ID.. M61A77UC88-4A80-AC36.E55AOCFB866B THE LIGHTHOUSE LONDON COMMUNITY TRUST UNAUDITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies (contlnued) 2.3 Exp6ndlture Expenditure is recognis6d cnce there is a18gal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be r&quired in settlemenl and the amount of the obligation can be measured reliably. Expenditure is classifi8d by activity. The costs of each activity are made up of th8 total of direct costs and shared costs, incluoling support costs involved in undertaking each activity. Direct costs altribulable to 8 single activity ar8 allocat&d directly to that activity. Shared costs which contribule to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent. and depreciation charges allocated on the portion of the asset's use, Expenditure on raising funds includes all expenditure incurred by the Charty to raise funds for tts charitable purp0$8s and includes Costs of all fundraising activities events and non-charitable trading. Expenditure on charitabl8 activities is incurr8d on directly undertaking the activities which further the Charity's objeclives, as well as any associated support costs. All expendÉture is inclusive of irrecoverabl8 VAT. 2A Int8r8St receivable Interest on funds held on deposit is included when receivable and the amount can b8 m8asured reliably by the Ch8rity', this is normally upon notification of the interest paid Dr payable by Ihe institution with whom the funds are d8posiled. 2.5 Tangible fixed assets and depreclatlon Tangible fixed assets are initially r8cognised at cost. After recognition, under the c08t model, tangible fixed assets are measured al cost less accumulated depreciation and any accumulated impaimient losses. All cosls incurred to bring a tangible fixed ass8t into its intended working condition should be included in the measurem8nt of cost. Depreciation 15 charged so as to allocate the cost of tangible fixed assets less their residual value over their eslimated useful lives, using the straight-line method. Deprecialion is provided on the following basis.. Office equipm8nt 25°/¢ Straight line 2.6 Debtors Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trad8 discounts due. 2.7 Cash at bank and in hand Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of Ihe deposit or similar account. Page11 Grlffin Stone Noscrop & Co (lA1L.RlÈCOUl51D£.G13lEREAuDTr0*
Docuslgn Envelope ID.. AA61A7744C884A80-AC36-E55AOCFB866B THE LIGHTHOUSE LONDON COMMUNITY TRUST UNAUDITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng policies (contlnued) 2.8 Llabllitios and provisions Liabilities are recogni88d when ther8 is an obligation at the Balance sheet date a8 a result of a p8St event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at th8 amount that the Charity anticipates it will pay to s&ttle the debt or the amount it has received as advanced payments for th6 goods or s6rvices it must provide, Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of th6 time value of money is material, the provision 15 based on the present value of those amounts, discounted at the pre-tax discount rat8 that reflects the risks specific to th& liability. The unwinding of the discount is recognis8d in the Statement of financial activiti8s as a financ& cost. 2.9 Financial instruments The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial inslruments. Basic financial instruments are initially recognised at transaction value and subs8quently measured at their sattlem8nt value with the exception of bank loans which are subsequently measured at amortlS8d cost using the effective interest method. 2.10 Pensions Th8 Charity operates a defined contribution pension scheme and the pension charge represents the amounls payable by the Charily to the fund in respect of the year. 2.11 Fund accountlng General funds ar8 unrestricted funds which are available for use at th8 discretion of the Trustees in furtherance of th8 general objectives of the Charity and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular pUoSe$. The oosts of raising and administering such funds are charged against the specific fund. The aim and us8 of each restricted fijnd is set out in the notes lo the financial statements. Investment income, gains and Iossas are allocated to the appropriate fund. Page 12 Grlffln Stone Moscrop & Co
Docu8ign Envelope ID.. M61A774-4CBUA80-AC38-E55AOCFB866B THE LIGHTHOUSE LONDON COMMUNITY TRUST UNAUDITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Income from donations and legacles Unrestrlcted funds 2024 Total funds 2024 Donations Grants Gift Aid recoverable Donations in kind 17,005 6,025 5,943 10,000 17,005 6,025 5,943 10,000 Total 2024 38,973 38,973 Unr6Stricled funds 2023 Totsl funds 2023 Donsticns Grants Gift Aid rec(werable Donatlon8 in kind 27,920 27,947 3,765 10.000 27,920 27,947 3,765 10,000 Total 2023 69,632 69,632 Page 13 Grlffin Stone Moscrop & Co CI44RTBEDXCNTNT9&Fx.fjEsEJJEmT{S
Docusiun Envalope ID.. AA61A774-4C88-4A80.AC36-E55ADGFB866B THE LIGHTHOUSE LONDON COMMUNITY TRUST UNAUDITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Income from other tradlng actlvities Income from fundraising events Restrict8d Unrestricted funds funds 2024 2024 Total funds 2024 Donations 15,200 74,147 10,000 6,562 196 89,347 10,000 9,066 196 Grants Gift Aid recoverable Donalions in kind 2,504 Total 2024 17,704 90,905 108,609 Restricted Unrestricted funds funds 2023 2023 Total funds 2023 Donations Granls Gift Aid reGoverable 10,000 16,693 59,459 10,648 9,294 69,459 27,341 9,294 Total 2023 28,693 79,401 106,094 Investment income Unrestrlcted funds 2024 Total funds 2024 Bank interest 1,305 1,305 Unrestricted funds 2023 Total funds 2023 Bank interest 275 275 Pag8 14 Griffin Stone Moscrop & Co CWRTEP&OE0UPlAFlFS&TrVSvRAuDrro
Docusign Envèlope ID: AA81A7744C88-4A8AC3Es5AoCF8886B THE LIGHTHOUSE LONDON COMMUNITY TRUST UNAUDITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Expendlture on ralsing funds Costs of ralsing voluntary income Unrestricted funds 2024 Total funds 2024 Events - manag8ment Events - catering Events - Other costs 1,663 1,184 2,042 1,663 1,184 2,042 Total 2024 4,889 4,889 Unrestrict8d funds 2023 Total funds 2023 Events- management Events - catering Events - other costs 1,609 2,165 2,441 1,609 2,165 2,441 Total 2023 6,215 6,215 Page 15 Grfffln Stone Moscrop & Co CH14ThEDlollNrNTh&RETFDAuDM
Docusign Enwelope ID., AAo1A774-4C88-4A8AC3s5A0eFB866B THE LIGHTHOUSE LONDON COMMUNITY TRUST UNAUDITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Analysis of oxpenditure on charitable activ5tles Summary by fund type R8Stricted Unrestricted funds funds 2024 2024 Totsl 2024 Charitable activities 17,696 146,328 164,022 Total 2024 17,696 146,326 164,022 Restricted Unrestricted funds funds 2023 2023 Total 2Q23 Charitable activities 11,997 199,4S2 211,489 Total 2023 11,997 199,492 211,489 Page 16 Griffin Stone Moscrop & Co CwR1EActCuNT>Nl5REG1EREDAuD1[U
Docu8ign Envelope ID.. AA61A774-4C8&4A80-AC36-E55AOCFB866B THE LIGHTHOUSE LONDON COMMUNITY TRUST UNAUDITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Analysls of expenditure by activitles A¢tlvltles undertaken directly 2024 Support costs 2024 Total funds 2024 Charitable activities 126.420 37,602 164,022 Total 2024 126,420 37,602 164,022 Activities undertaken directly 2023 Support costs 2023 Total funds 2023 Charitable activities 116,802 94,887 211,489 Totsl 2023 116,602 94,887 211,489 Analysls of direct costs Total funds 2024 Total funds 2023 staff costs Course costs - resources XLP staff costs Course costs- gradualicn 93,480 2,570 30,000 370 83,863 2,070 30,017 652 126,420 116,602 Page 17 Griff in Stone Moscrop & Co
Do¢uslgn Envelope ID.. M61Af14-4C884A8(kAG38-E55AOCFB86fjB THE LIGHTHOUSE LONDON COMMUNITY TRUST UNAUDITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Analysls of expenditure by activitias (contlnued) Analysis of support costs Total funds 2024 Total funds 2023 Rent, service charge & management staff meetings, lunches & functions Printing & stationery Telephone costs Depreciation Website & databas8 CO8t8 Insurance Bank charges Payroll fees Leg81 & professional fees Governance costs 11,890 698 274 450 323 294 1,057 909 666 3,000 18,041 65,000 1,126 474 488 1,023 697 1,078 942 654 6,118 17,289 37,602 94,887 Renl, service charg8 & management. Of the total costs of £11,890 (2023 £65,000) shown above, £1,890 {2023 . £55,000) wa5 paid to Resurgo to cover edmin and IT plus a gift contribution towards central costs of managing the team and provision of the Spear Programm8. Independent oxamlner's romunoration 2024 2023 Fees payable lo the Charitls independent examiner for the independent examination of the Charity's annual 8ccounts 3,000 2,54Q Page18 Grlffln Stone M05crop & Co iARIEREDKCQUWAW&PEG5ThEOJDI[o
DDCU8ign Envelope ID., AA61A774-4C884A80-AC36-E55AOCFB866B THE LIGHTHOUSE LONDON COMMUNITY TRUST UNAUDITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 10. Staff costs 2024 2023 Wages and salaries Social security costs Conlribulion to defined contribLrtion pension scheme8 86,066 3,111 4,303 77,908 2,068 3,887 93,480 83,863 The av6rage number of persons employed by the Charity during the year was as follows, 2024 2023 Employees No gmployee receiv8d remunerstion amounting to more than £60,000 in either year. Key manag8ment personn81, consisting of the board of trustees, received no r&muneration during the period (2023- the same). 11. Trustees, remun&ration and expenses During the year, no Trustees received any remuneralion or other benefits {2023- £NIL). During the year ended 31 Dacember 2024, no Trustee expenses have been incurred {2023- £209}. Page 19 Gtlffln Stone Moscrop & Co CH14ThEDlCCOufltl$l.STRB)IUDSrQRs
Docuslgn Enveltspe ID.. PA81A774-4C88-4A8(kAC3&E65AOCFB866B THE LIGHTHOUSE LONDON COMMUNITY TRUST UNAUDITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 12. Tangible fixed assets Offlce equipm8nt Cost or valuation At 1 January 2024 Disposals 11,745 (2,168) At 31 Dec8mb6r 2024 9,577 Depreclalion At 1 January 2024 Charge for the year On disposals 11,422 323 {2,168) At 31 Decemb8r 2024 9,577 Net book value At 31 December 2024 At 31 D8C8mber 2023 323 13. Debtors 2024 2023 Due wlthln one year Trade debtors Amounts owed by connected parties Prepayments Tax recoverable 21,417 531 3,896 8,122 20,515 852 60 33,966 21,427 Page 20 Grlffln Stone Moscrop & Co [NRTEREDbMNN1s&PESYi.AuDRS
Docusign Envelope ID.. A461A77UC88-4A80-AC36-E55AOCFB866B THE LIGHTHOUSE LONDON COMMUNITY TRUST UNAUDITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDID 31 DECEMBER 2024 14. Credltors: Amounts falling due within one year 2024 2023 Trade creditors Amounts owed to connected parties other creditors Accruals and d6ferred incom& 13,75D 10,548 1,482 3,268 531 7,880 8,411 29,048 D8ferr6d income of £5,000 (2023 - nil) has been recognised in respect of restricted grant income for the Spear fund which is due lo be matched against expenditure in 2025. 15. Flnanclal Instruments 2024 2023 Financial ass8ts Financial assets m@asured at fair value through income and expenditure 73,588 126,465 Financial assets measurad at fair value through income and expenditure comprise cash at bank and in hand. Page 21 Griffin Stone MoscrDP & Co CHARfFRE0COLmS&RlEAuD5
Docu81gn Envelope ID.. AA61A7744C884A80-AC36-E55AOCFB8868 THE LIGHTHOUSE LONDON COMMUNITY TRUST UNAUDITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 16. Statement of funds Statement of funds - current year Balance at 31 December 2024 Balanc8 at 1 January 2024 Income Expenditurè Unrestrlcted funds General fund 101,471 131,183 1151,215) 81,439 Restricted funds Spear XLP fund 17,704 17,704 17.696 (17,696) 17,696 17,704 (17,696) 17,704 Total of funds 119,167 148,887 (168,911} 99,143 Fund aims Spear fund was set up to account for donation6 specifically received for the Spear Programme. In 2023 and 2024 this was the Big Give Children's Ch8mpion challenge. XLP fund was set up to account for donations ralVed specifically to fund th& XLP Mentoring Manager. In 2023 this was the Big Give Chrislmas Challenge. Page 22 Griffin Stone Moscrop & Co cFLWEREDpLCPffANtBE5[EIEl)ALT
Docusign Envelo ID.. AA61A774.4C8&4A8LLAC3&E55AOCFB866B THE LIGHTHOUSE LONDON COMMUNITY TRUST UNAUDITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 16. Statement of funds (contlnued) Statement of funds - prior year Balance at 31 December 2023 Balance at 1 January 2023 Income Expenditure Unrestrlcted funds Gen&ral fund 157,870 149,308 (205,707) 101,471 Balance at 31 ecember 2023 Balance at l January 2023 Income Expenditure Restrlcted funds Spear XLP fund 8,997 17,696 (8,997) (3,000) 3,000 17,696 3,000 2S,693 {11,9971 17,696 Total of funds 160,870 176,001 {217,7041 119,167 17. Summary of funds Summary of funds - current year Balance at 31 December 2024 Balance at 1 January 2024 Income Expendlture General funds Restricted funds 101N71 17,696 131,183 17,704 {151,215) 117,696) 81,439 17,704 119,167 148,887 (168,911) 99,143 Page 23 Griffin Stone Mosctup & Co CFWiTBEDACCCU4fNNTS®ETEREDAULH
DoGuslgn Envelope ID.. AA61A7744C88.4A80-AC36-E55AOCFB866B THE LIGHTHOUSE LONDON COMMUNITY TRUST UNAUDITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 17. Summary of funds {continued) Summary of funds . prior year Balance at 31 December 2023 B8lance at 1 January 2023 Income Expenditure General funds Restricted funds 157,870 3,000 149,308 26,693 (205,707) (11,997) 101,471 17,896 160,870 176,001 1217,704} 119,167 18. Analy51s of net assets between funds Analysis of net assets between funds - current perlod R8stricted Unrestrlcted funds funds 2024 2024 Total funds 2024 Current assets Creditors due within one year 22,704 (5,0001 84.850 {3.411) 107,554 (8,411) Total 17,704 81,439 99,143 Analysis of net assets between funds- prior poriod Restricl@d Unreslricted funds funds 2023 2023 Total funds 2023 Tangible fixed assets Current assets Creditors due within one year 323 130,196 {29,048) 323 147,892 (29,048) 17,698 Total 17,69S 101,471 119,167 Page 24 Grlffln Stone Moscrop & Co a.*RU)JLCthNTAMtS®srEPEDj
Docuslgn Envelope ID.. AA61A77Lk4C&8-4A80-AC36-E56AOCFB866B THE LIGHTHOUSE LONDON COMMUNITY TRUST UNAUDITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 19. Pension commitments The charity operates a defined contribution pension scheme. The assets of the scheme ar8 heSd separately from those of the charity in an Independently administered fund, The pension cost charge represents contributions payable by the charity to the fund and amountéd to £4,303 (2023 £3,887). Contributions totalling £531 were payable to the fund at the balance sheet date (2023- £1,482), 20. Related party transactlons During the period, some of the trustees of The Lighthouse London Community Trust were also trustees of Holy Trinity Swiss Cottage (HTSC} church, also now known as Lighthouse London Church, and the two organisations were administered and run from the same premises. Rental 8xpenses of £10,000 (2023 - same) were invoiced to The Lighthouse London Community Trust In the y8ar for use of HTSC'S facilities, however, HTSC did not seek payment of all of Ihe rent and accordingly a donation in kind of £10,000 (2023 - same) has been 3hown within these accoun15. At the balance sheet date £531 was owed by (2023 - £10,548 was OW to) HTSC in r8spect of advances made12023 - rechar9es due) for operational expenses. Total donations received from Trust6es during the year amounted to £1,397 (2023 - £4,438). Page 25 Grlffin Stone Moscrop & Co cHARTERED*COJuNf®STBlEDlUDQTrS