Lighthouse Global Network Charity
Accounts and Trustees, Report for the
Period Ended 31 May 2025
Financial statement prepared in accordance with Charities Act
(England & Wales)
31 MAY 2025
Lighthouse Global Network
The Llghlhouse, Station Road. M8idstone, ME14 1QJ

Table of Contents
1 L•gal and Admlnlslratlvo Information................................................................................
2Trust8es' Annu81 Report................................,..............,,..............,....,,..........,........
3 Financial Review..........................................................................................................
4 Balance Sheetas at 31" May2025......................................................................................
S Rl8kMan8gement............................................................................................................
6 Reserve Polity.......-....-.................................................................................................
7 Statement of Trustees. Responslbllitias

1. Legal and Administrative Information
Charlty Name
Lighthous8 Global Ngtwork
Charity Registratlon
Number
1163804
ReO$lered Offl¢o The Lighthouse. Station Road. Maidstone. ME14 1QJ
Op•rationalAddrg88 The Lighthous8, Station Road, Maidstone. ME14 1QJ
Trusleos duringtho Mr Oluwasegun Julius Eniolu, Mr8 Mary Eniolu {Chair8nd
perlod
signatory), Mrs Martha Akhere Okojie, MrAbimbola Okubule
Bankers
Barclays Bank
Indopendont
Ex8minerlAuditor
MJB AVANTI TAX ACCOUNTANTS
2. Trustees, Annual Report
Objectives and Activities
Lighthouse Global Network is dedicated to supporting charitable initiatives. alleviatlng
poverty. and fostering ¢ommunity d8vèlopmentthrough grant making. outreach
actniities, and the provlslon of essential services. Duringthe perrod under revlew. the
organisation continued to deliveremergency relief. mentoring programmes, and to
strengthen its core charitable activities.
To advance the Chrlstian faith through preachlngthe Gospel in the UK and
globally. with the aim of liberating minds, tr8nsforming lives. and helping people
fulfill their dreams.
To reli8ve persons in need or hardship and to support Christian activities and
organizations eng8ged in worship. teaching, and care forthe needy.
To advance education based on Christian principles, including through the
establishment ofschools.
To support other charitable purposes as deemed necessary bythe trustees.

Review of Activities
Community Support: Weekly soup kitchen Serving homeless members of the
Maidstone community. offering hot me815 and companionship.
Women's Support Group. A continuing women's group supportingwomen of all
ages in m8tters such as parenting. loneliness, personal and prots88ional
development. Hybrid format maintainod afterthe pandemic. allowing
participation from locations as faras Baib8do8.
Slngies SemlnarA seminarforsingie adults aimed at community building.
sharing experiences. and providinEempowerinEteaching.
Falth and Worship: Delivery of in-person and online services, prayer meetings.
and supportgroups for both members and the wider community.
The organisation sustained its Operational resilience. ensuring continued access to its
programmes for beneficiaries, and preserved a stabLe financial position to underpin
future endeavours.
Public Benefit Statement
The trustees aff irm that Lighthouse Global Network has met the requirements set out in
applicable Charity legislation. with 8118Ctivities providing demonstrable public benelit
and serving the oiganisation's charitsble objectives.
Achievements and Performance
Forth8 period ended 31 M8y2025, Lighthouse Global Network maintained a consistent
level of service delivery. mirroring results from the previou$ financialyear.
3. Financial Review
FinanciaL Position Summary
OveralL Financial Position
The charity's income for the y8arlotaled £75,753.84 primarily from donations. Total
èxpenditurè forthe ye8r amounted to £78,062.65, resulting in 8 net deficitof £2,308.81
forthe period. Funds carried forward atthe end ofthefinancialyearwere £100.168.34.
reflecting the org8nization's financial position after accounting for income and
xpenses.

This table provides 8 detalled breakdown of income and expendlturefortheye8r ended
M8y31, 2025, offeringa clearcomparisonto the previous year. It highlightsthe sources
of income. total amounts, and the netfinancial position 8tye8r-end.
Ineome and Expandlturo
2025 (£)
2024 (£)
Donations
3,868.27
67.026.01
Sales
890.00
1.959.96
Rental Received
4.325.00
Building Funds
6.670.57
0.00
Investment
0.00
1.648.00
lft Alds
0.00
5.791.29
Interest
0.00
91.63
otal Income
75.753.84
76,516.89
otal Expendituro
78,062.65
103,098.70
Net Income I (Deficit)
12.308.81)
126,581.81)
Funds Brought Forward
102.477.15
129,058.96
Funds Carried Forward
100.168.34
102,4T7.15
otal funds carrled forward
100,168.34

4. Balance Sheet as at 31 May 2025
Balance Sheet Itoms
2025 {£}
2024 (£
Reststed
Notes
Fixed Assets- Freehold propety (At
Cost)
375,000
375,000
Depreciation
(11,100}
15,500)
2&3
Net BookV81ue INBVI
363,900
369.500
Cash at bank and in hand
1,339.42
4,092.38
Creditors." amounts falling due within
oney•ar
127,064.581 (27,064.58)
Net Current Assets (Llablllties)
338,174.84 346,527.80
Creditors: amounts fallingdue after one
year
1206.260.26) (233,324.84)
Total Not Assets {Liabilities)
131.914.58 113.202.96
Reserves
131.914.58 113,202.96
Notes
1 Financlal figures for the year ended 31 May 2025 are identical to those of 2024.
as per verified data from Lighthouse Global Network.
2 Fixed assets reflect the value of f reehold properties, recorded at historical cost.
Th8 assumption is th8tthe average value ofthe Land element is £100.000 based
onthe aver8ge land value in the postcode are8.
3 Depreciation is over 50 years
4 Prior year adjustments were made to depreciation 8nd error in the balance
she8t.

5 Cash at bank and In hand indicates liquid funds available to charity at year end.
6 Reservès represent net assets available to support the charity's ongoing and
future operations.
5. Risk Management
The trustees rèm8in aware of the risks the charity faces and continue to take measures
to minimisethese risks throughoutoperations. Regular reviews ofthe charitys risk
register are conducted to Identify potential threat8 and implement appropriate control
measures. This proactive approach ensures that both financial and operational ri8ks are
effectively managed, safeguarding the charlty's assets and reputation.
6. Reserve Policy
The trustees of Lighthouse Global Network recognlsethelr dutyto m8int8in an
appropriate level of financial reserves in 8ccordance with Charity Commission
guidance, which defin&s reseives as the portion of a charily's unrestrieted funds that
are freely avaliable lorthe furtherance of Its Qharltable purposes. This excludes
restricted funds, endowmentfunds, designated funds. and tsngible fixed assets held for
the charity's ongoing use.
In line with this definition, the charty's unrestricted reserves have been assessed by
adjusting the total unrestrlcted funds to exclude fixed assets and other non-liquid
balances. Tangible fixed assets. such as the ch8rty's freehold property. cannot be
treated a8 available reserves because they are essential for delivering se￿ie6S and
cannot be resdily converted to cash
Free Reserves- Total Reserves- Net Book Value of Fixed Assets = £131.914.58-
£363.900= -£231,985.42
2024125
Amount (£)
Reserves
-£231.985.42
This calculation shows that the charity does not currently hold positive free reserves.
The majority of its ass8ts are tied up in property, with limited liquid funds available tor
contingencles.
The trustees note that the ch8rity'$ b818n¢e sheet reflects substantial investment in
essential property used for charitable activlties, while cash levels remain low. Although
this results in negative free reserves, the trustees conslder the org8nis8tion to b8
tinancially stable due to:
Consistent donor support and incomegeneration
Secure operational premises

Effective management of liabilities and creditor obligations
The charity continues to meet its obligations and deliver its services without
interruption.
The twstees aim to build a mlnlmum posltlve free roserve targot of throe months of
core op•ratlng exp•ndltur•, to provide resilience against unexpected events 8nd
8hort-term income fluctuations. This approach reflects Charity Commission
expectations that charities should set a reserves level tailored to their operational risks
and fLrture plans
Based on current expenditure leveis1£78,062.65 perannum), three months, operating
costs equate approximatèly:
Target ReseNes- £78,062.65x 3112- £19,515.66
The trustees plan to strengthen reserves over the comingyears by:
Increasing regular givlng and encouraongpledged donations
Allocating surplus88 from future operalion81 periods
Reviewing operating costs to improve efficiency
Exploring grant opportunities that support core costs
Progress towards the target levelwill bo reviewed annuallyas part ofthe budgetand
fln8ncial planning process.
While free reserves are currently in d8ficit, the trustees ar8 satlsfied that the charity
remains a going concern and ¢ontinue8to operate responsiblywithin its m88ns. The
reserves policy will be reviewed each year to ensure it rem8ins 8ppropriate for the
¢harity'8 needs, financial risks, and strate￿¢ objectives.
7. Statement of Trustees, Responsibilities
Undgrthe Charities Act 1993, tru8tee8 are requiredto prepare accounts that provide 8
true and fair view of the charity's financial affairs. Their responsibilities include:
S81ecting suitable 8¢counting policies and applying them consistently.
Making reasonable and prudentjudgments and estimates.
Complyingwith 8pplicable accounting standards and recommended pr8Ctiee.
Preparing accounts on a going-concern basis unless it is inappropriate to do so.
In addition, the trustees are responslble for m8lntainlng adequate accountlng records
that accurately r8flect the charity's financial position.

8. Trustee Approval
Signed on behalf of the Trustges:
Mrs.
Enlolu (Chair and signatory)
Date: 3110312025

Lighthouse Global Network Charity
Accounts and Trustees, Report for the
Period Ended 31 May 2025
Financial statement prepared in accordance with Charities Act
(England & Wales)
31 MAY 2025
Lighthouse Global Network
The Llghlhouse, Station Road. M8idstone, ME14 1QJ

Table of Contents
1 L•gal and Admlnlslratlvo Information................................................................................
2Trust8es' Annu81 Report................................,..............,,..............,....,,..........,........
3 Financial Review..........................................................................................................
4 Balance Sheetas at 31" May2025......................................................................................
S Rl8kMan8gement............................................................................................................
6 Reserve Polity.......-....-.................................................................................................
7 Statement of Trustees. Responslbllitias

1. Legal and Administrative Information
Charlty Name
Lighthous8 Global Ngtwork
Charity Registratlon
Number
1163804
ReO$lered Offl¢o The Lighthouse. Station Road. Maidstone. ME14 1QJ
Op•rationalAddrg88 The Lighthous8, Station Road, Maidstone. ME14 1QJ
Trusleos duringtho Mr Oluwasegun Julius Eniolu, Mr8 Mary Eniolu {Chair8nd
perlod
signatory), Mrs Martha Akhere Okojie, MrAbimbola Okubule
Bankers
Barclays Bank
Indopendont
Ex8minerlAuditor
MJB AVANTI TAX ACCOUNTANTS
2. Trustees, Annual Report
Objectives and Activities
Lighthouse Global Network is dedicated to supporting charitable initiatives. alleviatlng
poverty. and fostering ¢ommunity d8vèlopmentthrough grant making. outreach
actniities, and the provlslon of essential services. Duringthe perrod under revlew. the
organisation continued to deliveremergency relief. mentoring programmes, and to
strengthen its core charitable activities.
To advance the Chrlstian faith through preachlngthe Gospel in the UK and
globally. with the aim of liberating minds, tr8nsforming lives. and helping people
fulfill their dreams.
To reli8ve persons in need or hardship and to support Christian activities and
organizations eng8ged in worship. teaching, and care forthe needy.
To advance education based on Christian principles, including through the
establishment ofschools.
To support other charitable purposes as deemed necessary bythe trustees.

Review of Activities
Community Support: Weekly soup kitchen Serving homeless members of the
Maidstone community. offering hot me815 and companionship.
Women's Support Group. A continuing women's group supportingwomen of all
ages in m8tters such as parenting. loneliness, personal and prots88ional
development. Hybrid format maintainod afterthe pandemic. allowing
participation from locations as faras Baib8do8.
Slngies SemlnarA seminarforsingie adults aimed at community building.
sharing experiences. and providinEempowerinEteaching.
Falth and Worship: Delivery of in-person and online services, prayer meetings.
and supportgroups for both members and the wider community.
The organisation sustained its Operational resilience. ensuring continued access to its
programmes for beneficiaries, and preserved a stabLe financial position to underpin
future endeavours.
Public Benefit Statement
The trustees aff irm that Lighthouse Global Network has met the requirements set out in
applicable Charity legislation. with 8118Ctivities providing demonstrable public benelit
and serving the oiganisation's charitsble objectives.
Achievements and Performance
Forth8 period ended 31 M8y2025, Lighthouse Global Network maintained a consistent
level of service delivery. mirroring results from the previou$ financialyear.
3. Financial Review
FinanciaL Position Summary
OveralL Financial Position
The charity's income for the y8arlotaled £75,753.84 primarily from donations. Total
èxpenditurè forthe ye8r amounted to £78,062.65, resulting in 8 net deficitof £2,308.81
forthe period. Funds carried forward atthe end ofthefinancialyearwere £100.168.34.
reflecting the org8nization's financial position after accounting for income and
xpenses.

This table provides 8 detalled breakdown of income and expendlturefortheye8r ended
M8y31, 2025, offeringa clearcomparisonto the previous year. It highlightsthe sources
of income. total amounts, and the netfinancial position 8tye8r-end.
Ineome and Expandlturo
2025 (£)
2024 (£)
Donations
3,868.27
67.026.01
Sales
890.00
1.959.96
Rental Received
4.325.00
Building Funds
6.670.57
0.00
Investment
0.00
1.648.00
lft Alds
0.00
5.791.29
Interest
0.00
91.63
otal Income
75.753.84
76,516.89
otal Expendituro
78,062.65
103,098.70
Net Income I (Deficit)
12.308.81)
126,581.81)
Funds Brought Forward
102.477.15
129,058.96
Funds Carried Forward
100.168.34
102,4T7.15
otal funds carrled forward
100,168.34

4. Balance Sheet as at 31 May 2025
Balance Sheet Itoms
2025 {£}
2024 (£
Reststed
Notes
Fixed Assets- Freehold propety (At
Cost)
375,000
375,000
Depreciation
(11,100}
15,500)
2&3
Net BookV81ue INBVI
363,900
369.500
Cash at bank and in hand
1,339.42
4,092.38
Creditors." amounts falling due within
oney•ar
127,064.581 (27,064.58)
Net Current Assets (Llablllties)
338,174.84 346,527.80
Creditors: amounts fallingdue after one
year
1206.260.26) (233,324.84)
Total Not Assets {Liabilities)
131.914.58 113.202.96
Reserves
131.914.58 113,202.96
Notes
1 Financlal figures for the year ended 31 May 2025 are identical to those of 2024.
as per verified data from Lighthouse Global Network.
2 Fixed assets reflect the value of f reehold properties, recorded at historical cost.
Th8 assumption is th8tthe average value ofthe Land element is £100.000 based
onthe aver8ge land value in the postcode are8.
3 Depreciation is over 50 years
4 Prior year adjustments were made to depreciation 8nd error in the balance
she8t.

5 Cash at bank and In hand indicates liquid funds available to charity at year end.
6 Reservès represent net assets available to support the charity's ongoing and
future operations.
5. Risk Management
The trustees rèm8in aware of the risks the charity faces and continue to take measures
to minimisethese risks throughoutoperations. Regular reviews ofthe charitys risk
register are conducted to Identify potential threat8 and implement appropriate control
measures. This proactive approach ensures that both financial and operational ri8ks are
effectively managed, safeguarding the charlty's assets and reputation.
6. Reserve Policy
The trustees of Lighthouse Global Network recognlsethelr dutyto m8int8in an
appropriate level of financial reserves in 8ccordance with Charity Commission
guidance, which defin&s reseives as the portion of a charily's unrestrieted funds that
are freely avaliable lorthe furtherance of Its Qharltable purposes. This excludes
restricted funds, endowmentfunds, designated funds. and tsngible fixed assets held for
the charity's ongoing use.
In line with this definition, the charty's unrestricted reserves have been assessed by
adjusting the total unrestrlcted funds to exclude fixed assets and other non-liquid
balances. Tangible fixed assets. such as the ch8rty's freehold property. cannot be
treated a8 available reserves because they are essential for delivering se￿ie6S and
cannot be resdily converted to cash
Free Reserves- Total Reserves- Net Book Value of Fixed Assets = £131.914.58-
£363.900= -£231,985.42
2024125
Amount (£)
Reserves
-£231.985.42
This calculation shows that the charity does not currently hold positive free reserves.
The majority of its ass8ts are tied up in property, with limited liquid funds available tor
contingencles.
The trustees note that the ch8rity'$ b818n¢e sheet reflects substantial investment in
essential property used for charitable activlties, while cash levels remain low. Although
this results in negative free reserves, the trustees conslder the org8nis8tion to b8
tinancially stable due to:
Consistent donor support and incomegeneration
Secure operational premises

Effective management of liabilities and creditor obligations
The charity continues to meet its obligations and deliver its services without
interruption.
The twstees aim to build a mlnlmum posltlve free roserve targot of throe months of
core op•ratlng exp•ndltur•, to provide resilience against unexpected events 8nd
8hort-term income fluctuations. This approach reflects Charity Commission
expectations that charities should set a reserves level tailored to their operational risks
and fLrture plans
Based on current expenditure leveis1£78,062.65 perannum), three months, operating
costs equate approximatèly:
Target ReseNes- £78,062.65x 3112- £19,515.66
The trustees plan to strengthen reserves over the comingyears by:
Increasing regular givlng and encouraongpledged donations
Allocating surplus88 from future operalion81 periods
Reviewing operating costs to improve efficiency
Exploring grant opportunities that support core costs
Progress towards the target levelwill bo reviewed annuallyas part ofthe budgetand
fln8ncial planning process.
While free reserves are currently in d8ficit, the trustees ar8 satlsfied that the charity
remains a going concern and ¢ontinue8to operate responsiblywithin its m88ns. The
reserves policy will be reviewed each year to ensure it rem8ins 8ppropriate for the
¢harity'8 needs, financial risks, and strate￿¢ objectives.
7. Statement of Trustees, Responsibilities
Undgrthe Charities Act 1993, tru8tee8 are requiredto prepare accounts that provide 8
true and fair view of the charity's financial affairs. Their responsibilities include:
S81ecting suitable 8¢counting policies and applying them consistently.
Making reasonable and prudentjudgments and estimates.
Complyingwith 8pplicable accounting standards and recommended pr8Ctiee.
Preparing accounts on a going-concern basis unless it is inappropriate to do so.
In addition, the trustees are responslble for m8lntainlng adequate accountlng records
that accurately r8flect the charity's financial position.

8. Trustee Approval
Signed on behalf of the Trustges:
Mrs.
Enlolu (Chair and signatory)
Date: 3110312025


## **INDEPENDENT EXAMINER’S REPORT TO** 

## **THE TRUSTEES OF LIGHTHOUSE GLOBAL NETWORK** 

I report to the trustees on my examination of the accounts of the Lighthouse Global Network for the year ended 31 May 2025. 

## **Responsibilities and basis of report** 

As the charity’s trustees of the Company (who are also the directors of the company for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”). 

Having satisfied myself that the accounts of the Company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Trust’s accounts carried out under s. 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under s. 145(5)(b) of the Act. 

## **Independent examiner’s statement** 

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 

- 1) accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 

- 2) the accounts do not accord with those records; or 

- 3) 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 other than any requirement that the accounts give a ‘true and fair 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 the examination to which attention should be drawn in this report to enable a proper understanding of the accounts to be reached. 

## _**Signed:**_ 

_**Name:** Olumide Abikoye_ 

_**Relevant Professional qualification or body:** FCCA (_ _**Fellow** of the Association of Chartered Certified Accountants)._ 

Suite FA7, The Old Library, St. Faith Street. Maidstone. ME14 1LH 

Tel: 01622 392203 

Email: enquiries@avantigroup.uk.com Web: www.avantigroup.uk.com 

MJB AVANTI TAX ACCOUNTANTS is regulated by the Association of Accounting Technicians in England and Wales Licence No: 1004940 



_**Address:** Suite FA7, The Old Library, St Faith Street, Maidstone, ME14 1LH_ 

_**Date:** 31/03/2026_ 


V12.2020 - Page **2** of **2**