Company registration number: 09796589 Charity registration number: 1169300
Lighthouse Chapel International Birmingham
Annual Report and Financial Statements for the Year Ended 30 September 2025
Moracle Limited Chartered Certified Accountants and Registered Auditors 960 Capability Green Luton LU1 3PE
Lighthouse Chapel International Birmingham
Contents
| Reference and Administrative Details | 1 |
|---|---|
| Trustees' Report | 2 to 6 |
| Independent Auditors' Report | 7 to 9 |
| Statement of Financial Activities | 10 |
| Balance Sheet | 11 |
| Statement of Cash Flows | 12 |
| Notes to the Financial Statements | 13 to 21 |
Lighthouse Chapel International Birmingham
Reference and Administrative Details
Trustees Ms Sheila Hagan Mr Joseph Nyamekye-Adams Mr Tsidi Adagbe Secretary Mr Frederick Sydney Hammond Charity Registration Number 1169300 Company Registration Number 09796589 Registered Office 498 Stratford Road Birmingham B11 4AH Auditor Moracle Limited Chartered Certified Accountants and Registered Auditors 960 Capability Green Luton LU1 3PE Solicitors: Stone King 13 Queen Square Bath BA1 2HJ Bankers Barclays 1 Churchill Place London E14 5HP Santander Bridle Road Bootle Liverpool L30 4GB
Page 1
Lighthouse Chapel International Birmingham
Trustees' Report
The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 September 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP - FRS 102, Second Edition, October 2019).
Lighthouse Chapel International Birmingham is a private charitable company limited by guarantee. The directors of the charitable company are its Trustees for the purpose of charity law. None of the Trustees has any beneficial interest in the company. Members of the company (who are also the trustees) guarantee to contribute £5 in the event of a winding up.
OBJECTIVES, ACTIVITIES, ACHIEVEMENTS AND PERFORMANCE
The objects of the charity are for the public benefit:
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To promote the Christian religion.
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To support Healing Jesus Campaigns all over the world, especially in Africa, these being mass Christian
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evangelistic crusades.
• To provide spiritual growth to people of all races and colour through Church services and other Christian religious activities.
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The provision of missionary support and logistics such as Christian books, videos and cd.
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The use of its financial resources to accomplish the financial objects of the charity.
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To establish or support any Christian Charitable Trust, Christian Association or Christian Institution formed
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for all or any of the objects.
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To support the construct ion of Church buildings, the purchase of Church buildings and properties across the
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world to support Christian evangelism.
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To support needy Churches or Church projects throughout the world.
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To support Christian Radio, television and internet outreach programmes.
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To support the publishing and distribution of Christian books throughout the world.
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To support Christian conference, travel, evangelism and Church Planting throughout the world.
Achievements and Performance
• Setting up a number of church branches in the UK. These branches are run mainly from short term rented premises. One new branch was started this year in Court House Green in January 2022 and there has been an increase in the membership of the churches. There are also plans to start two new branches in the coming year in Telford and Luton Farley Hill.
• Training a number of volunteer pastors and shepherds to provide pastoral care and administer the church branches.
- Two new branches were also established during the year, located in Oldham and Heywood.
Events
The following key activities and initiatives were undertaken during the financial year,reflecting our strategic focus and commitments to achieve our organisational goals
Celebration Convention (4th - 6th December 2024 and 11th - 13th December 2024)
9 Lessons and Carols Service - 18th December 2024
Dioceses Christmas Parties - 28th December 2024
Together Forever Concert - 16th February 2025
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Lighthouse Chapel International Birmingham
Trustees' Report
Pastors Camp - 18th - 21st February 2025
Swollen Sunday Special Outreach Service and Celebrating Mothers - 30th March 2025
Easter Convention - 14th - 17th April 2025
Founders Day Week of Special Outreach Activities - 12th - 17th May 2025
Appointment of New Pastors - 25th May 2025
Celebrating of Fathers - 15th June 2025
Camp for Young People - 17th - 20th August 2025
Launch of Music School to Teach Young Members How to Play Instruments - 4th September 2025.
Vol unteers
None of our activities would have been achievable without the immense support of our volunteers. As a matter of fact, many of our activities are solely run by volunteers. Around 200 people volunteered to supportthe weekly activities carried out in the churches during the year, with a further 40 members helping with the Remember the poor and prison outreach programmes.The trustees would like to record their thanks for their indispensable support. Review of Activities Weekly attendance at the Sunday services has been increasing throughout the year. Demographically, our age’s continue to range from 0-70 years of age. To cater for the different ages and situations, we provide a range of activities where people can get involved in the life of the church and its missions.
Pastoral Care
Our pastoral care coordinators continue to offer one-on-one support and counselling members and non-members of the church. These range from marriage counselling to dealing with bereavement, finding life partners, issues of abandonment and abuse, depression, illnesses, old age, debt, children, spiritual guidance and prayer. The tele-pastoring team also provide immediate confidential prayer support to both members and non-members. This makes a huge difference in the lives of many of our most vulnerable members. During the pandemic we have greatly increased our tele-pastoring efforts to support members who have lost relatives and are caring for sick family members.
Youth
The Youth group have worked very hard, bringing the life changing message of Jesus Christ to the young people in the various councils. Gang members and drug users have had their lives changed as a result of hearing the good news of Salvation through Jesus Christ. Many have become leaders and are also giving pastoral care to their other young people. The youth have set up “Wacenters” which is a coined word for whatsapp groups where they share the word of God and encourage each other. They also have zoom services every Wednesday so they do not lose touch with the church members. In addition to this, all in person services have also resumed. There are youth services every Sunday and “basenta” services every Wednesday. “Basenta” is a coined word for smaller groups who arrive in church by bus. The youth have also started what they call “Seven Song Concerts” which are musical concerts in town centers and open spaces where they sing seven Christian songs and preach the word of God to passers-by.
Compassionate Ministries
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Lighthouse Chapel International Birmingham
Trustees' Report
The Remember the poor ministry has resumed all activities and go out twice a week to feed the poor. There are also plans to start a food bank once a week.
FINANCIAL REVIEW
The charity's income for the year was £1,599,056 (2024: £1,627,265) arising principally from donations and offerings received during church services. Expenditure was £999,556 (2024: £1,235,464) and consisted mainly of donations to fund church buildings in Ghana and other countries, costs of renting premises for church services and events. The funds carried forward in the year was £2,766,523 (2024: £2,167,023).
Reserves Policy
The balance of the General Unrestricted Fund at the year-end was £2,766,523 (2024: £2,167,023); there were no restricted or designated funds. The trustees consider that it would be prudent to maintain free reserves that are available to meet future demands on the charity's resources between three and six months of expenditure, which equates to approximately between £249,900 and £499,800 to meet the charitable activities of the Church. Further reserves are required to allow the charity to purchase premises for use as places of worship but no specific funds have been set aside for that purpose. At the end of the year, free reserves, (which are unrestricted funds less net book value of fixed assets) stood at £1,052,750 (2024: £524,883). The current level of free reserves is materially above the upper end of the trustees' target range, and the board of Trustees are considering setting aside a designated fund towards the future purchase of premises for use as places of worship.
Trustee Training
The Trustees are kept informed on charity sector issues by professional advisors and other resources provided by our accountants and legal advisors.
Governing Document
The charity is governed by Memorandum and Articles of Association dated 15 September 2015 as amended by a special resolution dated 25 February 2016. The charity was registered as a company limited by guarantee on 27 September 2015. It was also registered as a UK charity with the Charity Commission on 21 September 2016.
Organisation
The Charity, by the date of this report, has three Trustees. The power of appointing new Trustees rests with the present and retiring Trustees together. There are plans to appoint a new trustee in the coming year.
Management
The day to day running of the charity is by Joseph Nyamekye - Adams, who is a Trustee and provides his services on a voluntary basis.
Risk Review
The Trustees have undertaken a risk review to identify major risks to which the charity is exposed, in particular, those related to the operations and finances of the Charity and the Trustees are satisfied that systems are in place to mitigate the Charity’s exposure to the major risks. The Trustees will continue to review major risks on an annual basis.
Public Benefit
In setting the charity’s objectives, the trustees have given due consideration to the Charity Commission’s guidance on Public Benefit. The Objectives, Activities, Achievements and Performance section below reflect how the charity fulfils this obligation.
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Lighthouse Chapel International Birmingham
Trustees' Report
Connected Charities
Lighthouse Chapel International Birmingham is an independent church. However, it shares biblical teachings and doctrines in common with other Lighthouse churches in the UK that have arisen from Lighthouse Church International based in Ghana.
Fundraising statement
In accordance with section 13 of the Charities (Protection and Social Investment) Act 2016, the trustees confirm the following in respect of the charity's approach to fundraising:
• The charity does not engage commercial participators or professional fundraisers within the meaning of the Charities Act 1992. All fundraising activity is carried out directly by the charity's own members, volunteers and ministers.
• The charity is not subject to any voluntary scheme or standard for fundraising regulation, but the trustees have regard to the Code of Fundraising Practice published by the Fundraising Regulator in conducting their fundraising activities.
• The trustees monitor fundraising activities through regular review of donation income, internal financial reporting and pastoral oversight of those involved in fundraising on behalf of the charity.
• The charity did not receive any complaints about its fundraising activities during the year.
• The charity has policies and procedures in place to protect vulnerable people and members of the public from unreasonable intrusion, persistent approaches or undue pressure to give. All ministers and volunteers receive guidance on appropriate conduct when engaging with members and the public on financial matters.
FUTURE PLANS
The charity intends to continue developing and expanding its branch network in the UK and to support various local events. Plans are also in place to continue supporting international projects especially building projects in Ghana.
Structure, governance and management
Statement of trustees' responsibilities
The trustees (who are also the directors of Lighthouse Chapel International Birmingham for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including its income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards, comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
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Lighthouse Chapel International Birmingham
Trustees' Report
The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Disclosure of information to auditor
Each trustee has taken steps that they ought to have taken as a trustee in order to make themselves aware of any relevant audit information and to establish that the charity's auditor is aware of that information. The trustees confirm that there is no relevant information that they know of and of which they know the auditor is unaware.
The annual report was approved by the trustees of the charity on 5 June 2026 and signed on its behalf by:
......................................... MsSheilaHagan Trustee
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Lighthouse Chapel International Birmingham
Independent Auditor's Report to the Members of Lighthouse Chapel International Birmingham
Opinion
We have audited the financial statements of Lighthouse Chapel International Birmingham (the 'charity') for the year ended 30 September 2025, which comprise the Statement of Financial Activities, Balance Sheet, Statement of Cash Flows, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is United Kingdom Accounting Standards, comprising Charities SORP - FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and applicable law (United Kingdom Generally Accepted Accounting Practice).
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In our opinion the financial statements:
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give a true and fair view of the state of the charity's affairs as at 30 September 2025 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
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have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
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have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
Other information
The trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
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Lighthouse Chapel International Birmingham
Independent Auditor's Report to the Members of Lighthouse Chapel International Birmingham
Opinion on other matter prescribed by the Companies Act 2006
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In our opinion, based on the work undertaken in the course of the audit:
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the information given in the Trustees' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
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the Trustees' Report has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees' Report.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
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adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
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the financial statements are not in agreement with the accounting records and returns; or
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certain disclosures of trustees remuneration specified by law are not made; or
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we have not received all the information and explanations we require for our audit.
Responsibilities of trustees
As explained more fully in the Statement of trustees' responsibilities (set out on page 5 and 6), the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.
Auditor responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
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Lighthouse Chapel International Birmingham
Independent Auditor's Report to the Members of Lighthouse Chapel International Birmingham
- We considered the risk of fraud and non-compliance with laws and regulations in planning and performing our audit. We obtained an understanding of the legal and regulatory framework applicable to the charity, including the Companies Act 2006, Charities Act 2011, Charities SORP (FRS 102), UK tax legislation, and data protection requirements, through discussions with trustees and review of relevant documentation.
We assessed the risk of material misstatement due to fraud, focusing on the completeness of donation income, overseas charitable expenditure, and management override of controls. Our audit procedures included testing journal entries and significant transactions, verifying donation income and charitable expenditure against supporting records, reviewing correspondence with HMRC and the Charity Commission, and making enquiries of trustees regarding actual or suspected fraud and non-compliance.
As with any audit, there is an unavoidable risk that material misstatements may not be detected, particularly where fraud involves deliberate concealment, collusion, forgery, or management override of controls.
Use of our report
This report is made solely to the charitable company's trustees, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its trustees as a body, for our audit work, for this report, or for the opinions we have formed.
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(Senior Statutory Auditor) For and on behalf of Moracle Limited, Statutory Auditor
960 Capability Green Luton LU1 3PE
5 June 2026
Page 9
Lighthouse Chapel International Birmingham
Statement of Financial Activities for the Year Ended 30 September 2025 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)
| Unrestricted | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| funds | 2025 | 2024 | |||||||
| Note | £ | £ | £ | ||||||
| Income and Endowments from: | |||||||||
| Donations and legacies | 2 | 1,598,967 | 1,598,967 | 1,626,914 | |||||
| Investment income | 3 | 89 | 89 | 351 | |||||
| Total income | 1,599,056 | 1,599,056 | 1,627,265 | ||||||
| Expenditure on: | |||||||||
| Charitable activities | 4 | (999,556) | (999,556) | (1,235,464) | |||||
| Total expenditure | (999,556) | (999,556) | (1,235,464) | ||||||
| Net income | 599,500 | 599,500 | 391,801 | ||||||
| Net movement in funds | 599,500 | 599,500 | 391,801 | ||||||
| Reconciliation of funds | |||||||||
| Total funds brought forward | 2,167,023 | 2,167,023 | 1,775,222 | ||||||
| Total funds carried forward | 15 | 2,766,523 | 2,766,523 | 2,167,023 |
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2024 is shown in note 15.
The notes on pages 13 to 21 form an integral part of these financial statements. Page 10
Lighthouse Chapel International Birmingham
(Registration number: 09796589) Balance Sheet as at 30 September 2025
| 2025 | 2024 | |||||
|---|---|---|---|---|---|---|
| Note | £ | £ | ||||
| Fixed assets | ||||||
| Tangible assets | 10 | 1,713,773 | 1,642,140 | |||
| Current assets | ||||||
| Debtors | 11 | - | 970 | |||
| Cash at bank and in hand | 12 | 1,105,331 | 559,273 | |||
| 1,105,331 | 560,243 | |||||
| Creditors: Amounts falling due within one year | 13 | (52,581) | (35,360) | |||
| Net current assets | 1,052,750 | 524,883 | ||||
| Net assets | 2,766,523 | 2,167,023 | ||||
| Funds of the charity: | ||||||
| Unrestricted income funds | ||||||
| Unrestricted funds | 2,766,523 | 2,167,023 | ||||
| Total funds | 15 | 2,766,523 | 2,167,023 |
The financial statements on pages 10 to 21 were approved by the trustees, and authorised for issue on 5 June 2026 and signed on their behalf by:
......................................... MsSheilaHagan Trustee
The notes on pages 13 to 21 form an integral part of these financial statements. Page 11
Lighthouse Chapel International Birmingham
Statement of Cash Flows for the Year Ended 30 September 2025
| 2025 | 2024 | |||||
|---|---|---|---|---|---|---|
| Note | £ | £ | ||||
| Cash flows from operating activities | ||||||
| Net cash income | 599,500 | 391,801 | ||||
| Adjustments to cash flows from non-cash items | ||||||
| Depreciation | 66,673 | 52,805 | ||||
| Investment income | 3 | (89) | (351) | |||
| 666,084 | 444,255 | |||||
| Working capital adjustments | ||||||
| Decrease/(increase) in debtors | 11 | 970 | (970) | |||
| Increase in creditors | 13 | 17,221 | 35,360 | |||
| Net cash flows from operating activities | 684,275 | 478,645 | ||||
| Cash flows from investing activities | ||||||
| Interest receivable and similar income | 3 | 89 | 351 | |||
| Purchase of tangible fixed assets | 10 | (138,306) | (339,389) | |||
| Net cash flows from investing activities | (138,217) | (339,038) | ||||
| Net increase in cash and cash equivalents | 546,058 | 139,607 | ||||
| Cash and cash equivalents at 1 October | 559,273 | 419,666 | ||||
| Cash and cash equivalents at 30 September | 1,105,331 | 559,273 |
All of the cash flows are derived from continuing operations during the above two periods.
The notes on pages 13 to 21 form an integral part of these financial statements. Page 12
Lighthouse Chapel International Birmingham
Notes to the Financial Statements for the Year Ended 30 September 2025
1 Accounting policies
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Charities SORP (FRS 102) – Statement of Recommended Practice applicable to charities preparing their accounts in accordance with FRS 102, Second Edition (October 2019), as amended by Update Bulletin 2 (effective for periods beginning on or after 1 January 2024).
Basis of preparation
These financial statements have been prepared in compliance with FRS 102. The charity has applied FRS 102 in full, with no material departures.
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.
Income and endowments
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.
Donations and legacies
Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
The notes on pages 13 to 21 form an integral part of these financial statements. Page 13
Lighthouse Chapel International Birmingham
Notes to the Financial Statements for the Year Ended 30 September 2025
Governance costs
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees meetings and reimbursed expenses.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Tangible fixed assets
Individual fixed assets costing £500 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class Depreciation method and rate Furniture , fittings & equipment 25% Straight Line Land and Buildings 2% straight line
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
The notes on pages 13 to 21 form an integral part of these financial statements. Page 14
Lighthouse Chapel International Birmingham
Notes to the Financial Statements for the Year Ended 30 September 2025
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Foreign exchange
Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the balance sheet date are reported at the rates of exchange prevailing at that date.
The results of overseas operations are translated at the average rates of exchange during the period and their balance sheets at the rates ruling at the balance sheet date. Exchange differences arising on translation of the opening net assets and results of overseas operations are reported in other comprehensive income and accumulated in equity (attributed to non-controlling interests as appropriate).
Other exchange differences are recognised in the Statement of Financial Activities in the period in which they arise except for:
1) exchange differences on transactions entered into to hedge certain foreign currency risks (see above);
2) exchange differences arising on gains or losses on non-monetary items which are recognised in other comprehensive income; and
3) in the case of the consolidated financial statements, exchange differences on monetary items receivable from or payable to a foreign operation for which settlement is neither planned nor likely to occur (therefore forming part of the net investment in the foreign operation), which are recognised in other comprehensive income and reported under equity.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.
Judgements and key sources of estimation uncertainty
In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors including expectations of future events that are believed to be reasonable under the circumstances. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
The notes on pages 13 to 21 form an integral part of these financial statements. Page 15
Lighthouse Chapel International Birmingham
Notes to the Financial Statements for the Year Ended 30 September 2025
2 Income from donations and legacies
| 2 | Income from donations and legacies | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | |||||||||
| funds | |||||||||
| General | 2025 | 2024 | |||||||
| £ | £ | £ | |||||||
| Donations and legacies; | |||||||||
| Donations from individuals | 1,598,967 | 1,598,967 | 1,626,914 | ||||||
| 1,598,967 | 1,598,967 | 1,626,914 | |||||||
| 3 | Investment income | ||||||||
| Unrestricted | |||||||||
| funds | |||||||||
| General | 2025 | 2024 | |||||||
| £ | £ | £ | |||||||
| Other investment income | 89 | 89 | 351 |
The notes on pages 13 to 21 form an integral part of these financial statements. Page 16
Lighthouse Chapel International Birmingham
Notes to the Financial Statements for the Year Ended 30 September 2025
4 Expenditure on charitable activities
| Unrestricted | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| funds | |||||||||
| General | 2025 | 2024 | |||||||
| Note | £ | £ | £ | ||||||
| Church services and activities | 411,397 | 411,397 | 413,387 | ||||||
| Donations | 276,606 | 276,606 | 642,690 | ||||||
| Support - Other | 300,993 | 300,993 | 169,027 | ||||||
| Governance costs | 5 | 10,560 | 10,560 | 10,360 | |||||
| 999,556 | 999,556 | 1,235,464 |
The notes on pages 13 to 21 form an integral part of these financial statements. Page 17
Lighthouse Chapel International Birmingham
Notes to the Financial Statements for the Year Ended 30 September 2025
5 Analysis of governance and support costs
Support costs allocated to charitable activities
| Governance | Governance | Finance | Information | Information | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| costs | costs | technology | 2025 | |||||||
| Basis of allocation | £ | £ | £ | £ | ||||||
| Support | Costs | 66,984 | 38,695 | 195,314 | 300,993 | |||||
| 2024 | ||||||||||
| £ | ||||||||||
| Support | Costs | 169,027 |
Governance costs
| Unrestricted | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| funds | |||||||||
| General | 2025 | 2024 | |||||||
| £ | £ | £ | |||||||
| Audit fees | |||||||||
| Audit of the financial statements | 7,560 | 7,560 | 7,200 | ||||||
| Other fees paid to auditors | 3,000 | 3,000 | 3,000 | ||||||
| Other governance costs | - | - | 160 | ||||||
| 10,560 | 10,560 | 10,360 | |||||||
| 6 | Net incoming/outgoing resources |
Net incoming resources for the year include:
| 6 Net incoming/outgoing resources Net incoming resources for the year include: |
|||
|---|---|---|---|
| 2025 | 2024 | ||
| £ | £ | ||
| Audit fees | 7,560 | 7,200 | |
| Other non-audit services | 3,000 | 3,000 | |
| Depreciation of fixed assets | 66,673 | 52,805 |
7 Staff costs
The charity had no employees during the year (2025: nil) and incurred no staff costs (2024: £nil). No remuneration or other benefits were paid to trustees during the year.
No employee received emoluments of more than £60,000 during the year.
The total employee benefits of the key management personnel of the charity were £Nil (2024 - £Nil).
The notes on pages 13 to 21 form an integral part of these financial statements. Page 18
Lighthouse Chapel International Birmingham
Notes to the Financial Statements for the Year Ended 30 September 2025
8 Auditors' remuneration
| 8 Auditors' remuneration |
|||||
|---|---|---|---|---|---|
| 2025 | 2024 | ||||
| £ | £ | ||||
| Audit of the financial statements | 7,560 | 7,200 | |||
| Other fees to auditors | |||||
| All other non-audit services | 3,000 | 3,000 |
9 Taxation
The charity is a registered charity and is therefore exempt from taxation.
10 Tangible fixed assets
| Land and | Land and | Furniture and | Furniture and | ||||||
|---|---|---|---|---|---|---|---|---|---|
| buildings | equipment | Total | |||||||
| £ | £ | £ | |||||||
| Cost | |||||||||
| At 1 October 2024 | 1,633,936 | 248,368 | 1,882,304 | ||||||
| Additions | 114,883 | 23,423 | 138,306 | ||||||
| At 30 September 2025 | 1,748,819 | 271,791 | 2,020,610 | ||||||
| Depreciation | |||||||||
| At 1 October 2024 | 66,317 | 173,847 | 240,164 | ||||||
| Charge for the year | 32,679 | 33,994 | 66,673 | ||||||
| At 30 September 2025 | 98,996 | 207,841 | 306,837 | ||||||
| Net book value | |||||||||
| At 30 September 2025 | 1,649,823 | 63,950 | 1,713,773 | ||||||
| At 30 September 2024 | 1,567,619 | 74,521 | 1,642,140 | ||||||
| 11 Debtors | |||||||||
| 2025 | 2024 | ||||||||
| £ | £ | ||||||||
| Trade debtors | - | 970 | |||||||
| 12 Cash and cash equivalents | |||||||||
| 2025 | 2024 | ||||||||
| £ | £ | ||||||||
| Cash at bank | 1,105,331 | 559,273 |
The notes on pages 13 to 21 form an integral part of these financial statements. Page 19
Lighthouse Chapel International Birmingham
Notes to the Financial Statements for the Year Ended 30 September 2025
13 Creditors: amounts falling due within one year
| 2025 | 2024 | |||||
|---|---|---|---|---|---|---|
| £ | £ | |||||
| Trade | creditors | 42,021 | 25,160 | |||
| Other | creditors | 10,560 | 10,200 | |||
| 52,581 | 35,360 |
14 Pension and other schemes
Defined contribution pension scheme
The charity operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to £Nil (2024 - £Nil).
15 Funds
| 15 Funds | |||||||
|---|---|---|---|---|---|---|---|
| Balance at 30 | |||||||
| Balance at 1 | Incoming | Resources | September | ||||
| October 2024 | resources | expended | 2025 | ||||
| £ | £ | £ | £ | ||||
| Unrestricted funds | |||||||
| General | 2,167,023 | 1,599,056 | (999,556) | 2,766,523 | |||
| Balance at 30 | |||||||
| Balance at 1 | Incoming | Resources | September | ||||
| October 2023 | resources | expended | 2024 | ||||
| £ | £ | £ | £ | ||||
| Unrestricted funds | |||||||
| General | 1,775,222 | 1,627,265 | (1,235,464) | 2,167,023 |
16 Analysis of net assets between funds
| 16 Analysis of net assets between funds | |||||
|---|---|---|---|---|---|
| Unrestricted | Total funds at | ||||
| funds | 30 September | ||||
| General | 2025 | ||||
| £ | £ | ||||
| Tangible fixed assets | 1,713,773 | 1,713,773 | |||
| Current assets | 1,105,331 | 1,105,331 | |||
| Current liabilities | (52,581) | (52,581) | |||
| Total net assets | 2,766,523 | 2,766,523 |
The notes on pages 13 to 21 form an integral part of these financial statements. Page 20
Lighthouse Chapel International Birmingham
Notes to the Financial Statements for the Year Ended 30 September 2025
| Unrestricted | Total funds at | ||||
|---|---|---|---|---|---|
| funds | 30 September | ||||
| General | 2024 | ||||
| £ | £ | ||||
| Tangible fixed assets | 1,642,140 | 1,642,140 | |||
| Current assets | 560,243 | 560,243 | |||
| Current liabilities | (35,360) | (35,360) | |||
| Total net assets | 2,167,023 | 2,167,023 |
17 Related party transactions
There were no related party transactions in the year.
18 Non-adjusting events after the financial period
There have been no events between the balance sheet date and the date of approval of these financial statements which would require adjustment or disclosure in the financial statements.
The notes on pages 13 to 21 form an integral part of these financial statements. Page 21