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← The Lighthouse Chapel International Milton Keynes

2023-09-30-accounts

LIGHTHOUSE CHAPEL INTERNATIONAL MILTON KEYNES

(A company limited by guarantee)

TRUSTEES’ REPORT AND ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

(Registered Company Number: 09796232) (Registered Charity Number: 1171294)

LIGHTHOUSE CHAPEL INTERNATIONAL MILTON KEYNES

REFERENCE AND ADMINISTRATIVE DETAILS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

The trustees present their report along with the financial statements of the charity for the year ended 30 September 2023.

TRADING NAME Pleasant Surprise Church International
TRUSTEES Mr Marvin Appiah
Mr Daniel Nabudere
Dr Reuben Tagoe
PRINCIPAL OFFICE Castle House
Dawson Road
Bletchley
Milton Keynes
MK1 1QY
COMPANY REGISTRATION NUMBER 09796232
CHARITY REGISTRATION NUMBER 1171294
GOVERNING INSTRUMENT Memorandum and Articles dated 26 September 2015
SOLICITORS Keystone Law
48 Chancery Lane
Bath
WC2A 1JF
INDEPENDENT EXAMINER Olayinka Tomori ACA DChA
Longmeade Consult Ltd
Regus House
Victory Way, Admirals Park
Crossways, Dartford
DA2 6QD
PRINCIPAL BANKERS HSBC
19 Midsummer Place
P O Box 1888
Milton Keynes
Buckinghamshire
MK9 3GB

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LIGHTHOUSE CHAPEL INTERNATIONAL MILTON KEYNES

TRUSTEES’ ANNUAL REPORT

FOR THE YEAR ENDED 30 SEPTEMBER 2023

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 2023. 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) (Second edition effective 1 January 2019).

Lighthouse Chapel International Milton Keynes 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.

TRADING NAME

Under a resolution dated 1 December 2021, the charity adopted the trading name – Pleasant Surprise Church International.

OBJECTIVES, ACTIVITIES, ACHIEVEMENTS AND PERFORMANCE

The objects of the charity are for the public benefit:

Achievements and Performance

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 telepastoring 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. After the pandemic we have continued our telepastoring efforts to support members.

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LIGHTHOUSE CHAPEL INTERNATIONAL MILTON KEYNES

TRUSTEES’ ANNUAL REPORT (continued)

FOR THE YEAR ENDED 30 SEPTEMBER 2023

Achievements and Performance (continued)

Church services

We have completely resumed our in-person services twice a week on a Sunday and Wednesday and all our members have started attending church at the venues we rent. We have also maintained our online services and continue to have Sunday services on Facebook for those who prefer to attend virtual services.

Youth

The Youth group continues to work 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 also continued with their online activities even though they have fully resumed in-person youth services.

Remember the poor ministry

The Remember the poor ministry have also resumed their outreaches now that the threat of covid has greatly reduced. They are very happy to be able to help the helpless again.

Camp meeting

We had one camp meeting from the 23rd to the 25th of July 2023 at the Heart of England Conference Centre in Coventry. There were 700 delegates from all over the UK.

Other notable events:

Volunteers

The charity would like to thank all the volunteers for their hard work in ensuring that the objectives of the charity are met. The charity had approximately hundred volunteers over the year. The charity has returned to it’s full capacity of in person service.

Staff

The charity has one employee who is mainly involved with providing internet support for the charity’s activities.

FINANCIAL REVIEW

The charity’s income for the year was £127,692 (2022: £146,651) arising solely from donations in the form of tithes and offerings received during church services. The increase is attributable to normal services being restored post-Covid.

Expenditure was £192,523 (2022: £126,418) and consisted mainly of costs of renting premises for church services, hosting a conference, purchase of books for distribution and staff costs. No donations were made to church building projects as the charity focussed on local outreach programs and providing Christian literature for general distribution. These expenses resulted in the charity having a net deficit for the year of £64,831 (2022: £20,233 net income).

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LIGHTHOUSE CHAPEL INTERNATIONAL MILTON KEYNES

TRUSTEES’ ANNUAL REPORT (Continued)

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FINANCIAL REVIEW (continued)

Reserves Policy

The balance of the General Unrestricted Fund at the year-end was £42,020 (2022: £106,851); there were no restricted or designated funds. Free reserves (unrestricted general funds less net book value of fixed assets) at the year-end were £42,019 (2022: £106,850).

The trustees have considered their reserves policy and given the nature of the charity’s activities, have set a target level of free reserves equivalent to six months of recurring expenditure which is approximately between £70,000 and £75,000. Although free reserves fall short of the desired level, the trustees plan to build free reserves to the target level in the near future.

In setting the reserves policy, the Trustees have assessed the impact of local and global economic conditions on the future activities of the charity, and they believe available funds are sufficient to ensure the charity continues to provide its services to members and support projects in various communities to which the charity has pledged its commitment.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Lighthouse Chapel International Milton Keynes is a Christian organization.

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 7 September 2015 and was registered as a company limited by guarantee on 26 September 2015. It was also registered as a UK charity with the Charity Commission on 25 January 2017.

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.

Management

The day to day running of the charity is by Daniel Nabudere. Mr Nabudere 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 MILTON KEYNES

TRUSTEES’ ANNUAL REPORT (continued)

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FUTURE PLANS

The charity intends to continue developing and expanding its branch network in the Buckinghamshire area. We will continue to support international projects in the future especially for projects in Ghana, subject to available financial resources.

STATEMENT OF TRUSTEE’S RESPONSIBILITIES

The trustees (who are also directors of Lighthouse Chapel International Milton Keynes 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).

Company law requires the trustees to prepare financial statements for each financial year which 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 the income and expenditure, of the charitable for that year. In preparing these financial statements, the trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company’s transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and to 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.

Approved by the Trustees on 18 March 2024 and signed on their behalf by:

……………………………………..

Dr Reuben Tagoe Trustee

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INDEPENDENT EXAMINER’S REPORT

TO THE TRUSTEES’ OF LIGHTHOUSE CHAPEL INTERNATIONAL MILTON KEYNES

I report to the charity trustees on my examination of the accounts of Lighthouse International Chapel Milton Keynes for the year ended 30 September 2023.

Responsibilities and basis of report

As the charity’s trustees of the charitable company (and also its directors 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 charitable company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

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

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or

  2. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or

  3. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

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 in order to enable a proper understanding of the accounts to be reached.

……………………………… Olayinka Tomori ACA DChA Longmeade Consult Ltd

Regus House Victory Way Admirals Park Dartford, DA2 6QD

19 March 2024

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LIGHTHOUSE CHAPEL INTERNATIONAL MILTON KEYNES

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 30 SEPTEMBER 2023

Total Total
Unrestricted Unrestricted
2023 2022
Notes £ £
Income and Endowments from:
Donations and Legacies 1 127,692 146,651
----------------- -----------------
Total Income and Endowments 127,692 146,651
----------------- -----------------
Expenditure on:
Charitable Activities 2 192,523 126,418
------------------ ------------------
Total Expenditure 192,523 126,418
------------------ ------------------
Net (Expenditure)/Income (64,831) 20,233
Reconciliation of funds:
Total fund brought forward 106,851 86,618
------------------- -------------------
Total funds carried forward 42,020 106,851
========== ==========

All amounts arise from continuing activities and there are no recognised gains or losses other than those shown above in the Statement of Financial Activities.

The accompanying notes form part of these financial statements.

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Company Number: 09796232

BALANCE SHEET

LIGHTHOUSE CHAPEL INTERNATIONAL MILTON KEYNES

AS AT 30 SEPTEMBER 2023

2023 2022
Notes £ £
FIXED ASSETS
Tangible fixed assets 5 1 1
---------------- ----------------
CURRENT ASSETS
Cash at bank and in hand 51,311 109,084
CURRENT LIABILITIES
CREDITORS: Amounts falling due within one year 6 (9,292) (2,234)
---------------- ----------------
NET CURRENT ASSETS 42,019 106,850
---------------- ----------------
TOTAL ASSETS LESS CURRENT LIABILITIES 42,020 106,851
---------------- ----------------
TOTAL ASSETS 42,020 106,851
========= =========
FUNDS
Unrestricted Funds:
General 42,020 106,851
========= =========

The directors consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act. The directors acknowledge their responsibility for ensuring that the company keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at 30 September 2023 and of its result for the year then ended in accordance with the requirements of sections 394 and 395 of the Act and which otherwise comply with the requirements of the Companies Act 2006 relating to the financial statements so far as applicable to the company.

The financial statements were approved by the board an authorised for issue on 18 March 2024 and signed on its behalf by:

………………………………… Dr Reuben Tagoe Trustee

The accompanying notes form part of these financial statements.

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LIGHTHOUSE CHAPEL INTERNATIONAL MILTON KEYNES

ACCOUNTING POLICIES

FOR THE YEAR ENDED 30 SEPTEMBER 2023

The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Second edition effective 1 January 2019), Charities SORP FRS 102, and Companies Act 2006 and with the Charities Act 2011.

The charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

The trustees consider there are no material uncertainties about the Charity’s ability to continue as a going concern.

Donations and Legacies

Donations and legacies are recognised when receivable or when the charity becomes legally entitled to them. Receipts of property, investments or other gifts in kind are included at market value.

Expenditure

Charitable expenditure consists of all expenditure relating to the objects of the Charity. All costs are directly attributable to the activities under which they have been analysed.

Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.

Irrecoverable VAT is included with the category of expense to which it relates.

Tangible Fixed Assets

Depreciation is calculated by the straight line method to write off the cost/value, less anticipated residual value, over the expected useful lives of assets as follows:

Equipment 3 years

Debtors

Other debtors are recognised at the settlement amount due. Prepayments are valued at the amount prepaid.

Creditors

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Fund Accounting

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.

Statement of Cash Flows

The charity is exempt from the requirement to produce a Statement of Cash Flows as it qualifies as a small charity under the requirements of the Charities SORP.

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LIGHTHOUSE CHAPEL INTERNATIONAL MILTON KEYNES

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. DONATIONS AND LEGACIES Total Total
2023 2022
£ £
Church offerings and donations 127,692 146,651
========= =========
2. EXPENDITURE Total Total
Staff Premises Governance Other 2023 2022
costs costs
£ £ £ £ £ £
Charitable Activities
Church activities 24,589 104,792 - 58,634 188,015 77,584
Donations and gifts (see below) - - - - - 45,730
Support costs 2,732 - 1,590 186 4,508 3,104
--------------- --------------- --------------- --------------- --------------- ---------------
27,321 104,792 1,590 58,820 192,523 126,418
======== ======== ======== ======== ========= =========
£ £
Net income/(expenditure) is stated after charging:
Independent Examiner’s fees 1,590 1,470
======= =======
The donations above were made to the following charitable organisations: 2023 2022
£ £
Mission Internationale Jesus Que Guerit - Chad - 41,340
Anagkazo Assemblies, Yopougon - Ivory Coast - 4,390
--------------- ----------------
- 45,730
========= =========

No donations were made in the year ended 30 September 2023.

2022 Comparatives Total
Staff Premises Governance Other 2022
costs costs
£ £ £ £ £
Charitable Activities
Church activities 8,541 62,994 - 6,049 77,584
Donations and gifts (see below) - - - 45,730 45,730
Support costs 949 - 1,902 253 3,104
--------------- --------------- --------------- --------------- ---------------
9,490 62,994 1,902 52,032 126,418
======== ======== ======== ======== =========

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LIGHTHOUSE CHAPEL INTERNATIONAL MILTON KEYNES

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

3. STAFF COSTS
2023 2022
£ £
Gross salaries 26,707 9,388
Employer’s Social Security costs - -
Employer’s Pension costs 614 102
------------- --------------
27,321 9,490
======== ========

The charity had one employee in the year (2022: One). Due to the small size of the charity, the Trustees, who do not receive any benefits for their work, constitute the key management of the charity.

4. TRANSACTIONS WITH TRUSTEES

No trustees received any remuneration in the year either for their work as trustees or for providing other services. No expenses were reimbursed to trustees in the year.

5. TANGIBLE FIXED ASSETS

5. TANGIBLE FIXED ASSETS
Music 2023
Equipment Total
£ £
VALUATION
At 1 October 2022 43,120 43,120
Additions - -
--------------- ------------------
At 30 September 2023 43,120 43,120
--------------- ------------------
DEPRECIATION
At 1 October 2022 43,119 43,119
Charge for the year - -
--------------- ------------------
At 30 September 2023 43,119 43,119
========= =========
NET BOOK VALUE
At 30 September 2023 1 1
========= =========
At 30 September 2022 1 1
========= =========
6. CREDITORS: Amounts falling due within one year 2023 2022
£ £
Other taxes and Social Security 335 525
Other Creditors and Accruals 8,957 1,709
--------------- --------------
9,292 2,234
======= =======

Other creditors and accruals consist mainly of rent payable on premises used for church services.

7. COMPARATIVE STATEMENT OF FINANCIAL ACTIVITIES (2022)

A comparative Statement of Financial Activities (SOFA) is not required as all the charities fund in the previous financial year are unrestricted and hence, have been reproduced as a comparative in the main SOFA.

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