LIGHTHOUSE GLOBAL NETWORK
CIIARITY NO 1163804
TRUSTEES REPORT AND FINANCIAL STATEMENT
FOR THE PEIUOD ENDED
31 MAY 2024

LIGFTHOUSE GLOBAL NETWORK
FOR THE PERIOD ENDED 31 MAY 2024
CONTEFtrs
Page
Legal & Administrdtive details
Tntstee's report
45
Income & Expenditure
Balance sh¢¢t

LIGHTHOUSE GLOBAL NETWORK
LEGAL AND ADMINISTRATIVE DETAILS
FOR THE PERIOD ENDED 31 MAY 2024
Mr Oluwasegun Julius Eniolu
Mrs Mary Eniolu
Mrs Martha Akhere Okojie
Mr Abimbola Oknbule
Mr Samuel TsauTai Katanda
Trnsteeg:
Correspondence Address:
The Lighthouse
Station Road
Maidstone
ME14 IQJ
Charity Regtstr8tion No:
1163804

LIGHTHOUSE GLOBAL NETWORK
TRUSTEES, REPORT
FOR THE PERIOD ENDED 31 MAY 2024
The Trusiees present theiT Annual Report and Accounts of the Charity for the period 3191 May 2024
Prln¢fipal Actlvlty
The main objects of the charity are as follows.
A) To advance the Cknistian Faith by means of preaching the Gospel in the United Kingdom and other
parts of the world with a view to liberating minds, transforn]ing lives and helping to fvlfil dreams.
{B) To relieve persons who are in conditions of ne&1 or hardship and support Christian activiti¢s and
Christian organisations whose primary objectives arc to cngage in the conduct of Cl)ristian worship fait
teaching and helping the needy,
(C) To advance education in accordance with Christian PTin¢ipl¢s in the United Kingdom and other parts
of the world by establishing schools.
{D) To promote and fijlfil such other charitable purposes beneficial to the communities &8 deem￿ necessary
by the trustees frorn time to time
Financial Review
The charitys balance sheel as detailed on page 6, shows a net fi]nds p)sition of £102,447.15
(2023 - £129,058.96)
Revlew of A¢thiltles
Serving the homeless community in Maidstone with a weekly soup kilchen where the homeless come in for
a hot meal and a friendly chat.
The Charity (￿tInUeS to run a women's wup that supports wom¢n of all ag¢s addressing issues like
parenting, loneliness, Career, personal and pmfessional development. Following the pandemic, we have kept
the online meetings to cater for women that are not local to Maidston4 but now also meet in person once a
quarter. We have women from as far as Bart)ados joining us at these meetings.
This year we also ran a singles seminar creating space for single p￿pIe to come together, make new friends,
Shat¢ experiences and receive relevant teachings to ¢m￿Wff and equip them in this season of their lives.
The Charity Continu￿ to run in person and onlin¢ services, prayer rneetings and supwrt groups for both
its rnembet3 and members of the community.
The major 50urcc of income this year was from donations.
Totsl income for the year under review was £74,868.89 (2023 - £65,715.(H), Investment Income £1,648.(X)
and total ¢xp¢nditure was £103,098.70 (2023 - £45.808.54}
Rlsk Management
The tnLStees are aware of the risks which the charity faces and are continually taking steps to minirnise
such risks.

Reserves
It is the policy of the Charity to maintain fimds to meet with emergencie4 athninistration cost and
support in oiheT ar¢as.
Investments Policy
There are no restrictions on tbe trustees, power to invest. There wu¢ no investments during th¢ p￿1[
Trustees Responsibilities
Under the Chariti¢s Act 1993, the In￿te￿ are required to prq)are a statement of accounts for each
financial year which gives a true and fair view of the state of affairs of the charity at the end of the
financial year and of the incoming resources and:
Select suitable accounting p)li¢ies and apply them consistently,
Make judgements and estimates that are reasonable and prudent,
Stat¢ wh¢th¢r appIl￿bI¢ a￿OllOtIng standards and ststements of r¢comm¢nd¢d practic¢ hav¢ b¢cn
followed, subject to 8ny material departures disclosed explained in the statemcnt of accounts.
Prepare the financial statements on the going concern b&8is ullle￿ it is inappropriate to presume
that the chaTity will continue its operations.
The trustees are responsible for keeping proper accounting records which disclose with reasonable
accuracy at any time the financial position of the charity at that time and to enable the trnstees to ensure
that any slatement of account prep￿ed by them
sign￿ on behalf of the tnjstees of Lighthouse Global Network
Mary Eniolu
Date.. 30 March 2024

LIGirfHOUSE GLOBAL NETWORK
INCOME & EXPENDITURE FOR THE YEAR ENDED 31 MAY 2024
Notss
2024
2023
tncome in Period from donations
Investsnent Income
Sales
Gift Aid
Int¢r¢st
67,026.01
1,648.(X)
1.959.96
5,791.29
91.63
65,715.04
3025.46
TOTAL INCOME IN PERIOD
76,516.89
68,740.50
Tota] Expenditure
(103,098.70) {45,808.54)
Net incomo l(expendlture)
128.581.81) 22,931.96
Total funds brought fornard
129.058.96 106,127.00
Totsl fund8 ¢arrigd forward
102,477.15 129,058.96

LIGirrHOUSE GLOBAL NETWORK
BALANCE SHEET AS AT 31 MAY 2024
Notes
2024
2023
Fixa Assets - Fre¢hold prop¢ty
At Cost
Dq)reciation
375,(KK)
375,000
(7.500)
(7,500)
Accumulated Depreciation
NBV
375,000
360,IKK)
Cash at bank and in hand
4092.38
25,244.47
Creditors 8mount falling thie wtthin one year
(266,121.40) (256,185.51)
NET CURREiYf ASSETS (LIABILITIES)
102.477.15
129,058.96
TOTAL ASSETS less current Ilabllltles
102.477.15 129,058.96
TOTAL NET ASSETS (LIABILTTIES)
102.477.15
129,058.96
RESERVES
102.477.15 £129,058.96
Approved and Signed on behalf of the Trustees by:
Mrs Mary Eniolu
Trnstee
Date: 31 March 2025
PAYMENTS TO TRUSTEES
No payments were made to any Trustees in the period