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2024-12-31-accounts

Lighthouse Community Church Carmarthen Bay

Annual Report and Accounts

For the Period 1 January 2024 to 31 December 2024

Lighthouse Community Church Carmarthen Bay – Annual Report and Accounts for the Period 1 January 2024 to 31 December 2024

Contents

Legal and administrative information 2
Report of the Trustees 3 - 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Accounts 8 – 15
Appendix A 16

1

Lighthouse Community Church Carmarthen Bay – Annual Report and Accounts for the period 1 January 2024 to 31 December 2024

Legal and Administrative Information

Charity Name: Lighthouse Community Church Carmarthen Bay
Working Name: Lighthouse Community Church
Charity Number: 1172124
Charity address: 57 Pencoed Road
Burry Port
Carmarthenshire
SA16 0PN
Trustees: Mr Malcolm P Williams (Chairman)
Mr Ivan F Stewart
Mr William G Pettiford
Miss Patricia Kelly (Appointed 24thApril 2024)
Leadership Team Mr Malcolm P Williams (Retired 31stMarch 2025)
Mrs Isis Y Williams (Retired 31stMarch 2025)
Mr Andrew A James
Mrs Louise James
Mrs Louise Bowley (Appointed 1stApril 2025)
Bankers: Lloyds Bank plc
21 Stepney Street
Llanelli
Carmarthenshire
SA15 3YD

2

Lighthouse Community Church Carmarthen Bay – Annual Report and Accounts for the period 1 January 2024 to 31 December 2024

Report of the Trustees For the Period 1 January 2024 to 31 December 2024

The trustees present their report and financial statements for the period 1 January 2024 to 31 December 2024. The trustees who served during the period and up to the date of this report are set out on page 2.

The financial statements comply with the Charities Act 2011, the Charitable Incorporated Organisations (General) Regulations 2012 and 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) (effective 1 January 2015).

Objectives and Activities

The object of the charity is, for the public benefit, the advancement of the Christian faith in accordance with the Statement of Faith (Appendix A) in such ways as the charity trustees may from time to time decide.

The charity’s activities include:

The trustees, along with the leadership team, have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charitable aims and objectives and in planning future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives they have set.

Achievements and Performance

The church seeks to be a family of God in Burry Port, modelling Christian community and demonstrating God’s acceptance of and committed transforming love for all people, especially the poor and the disadvantaged. Activities that took place during the year included:

As a church, we have continued to work with Burry Port Council to help meet the physical and spiritual needs of the community. Examples of this are our assistance at the Pembrey & Burry Port Community Shop, litter picking, providing a Nativity Scene in the Memorial Garden and leading the outdoor carols in Burry Port.

3

Lighthouse Community Church Carmarthen Bay – Annual Report and Accounts for the period 1 January 2024 to 31 December 2024

Plans for Future Periods

The church is committed to a programme of development through a mixture of online and face-to-face activities. During 2025 the church will:

As a church charity based in Carmarthenshire we are committed to this part of Wales, but we are also keen to understand our place in God’s Kingdom worldwide.

Structure, Governance and Management

Governing Document

The church is a Charitable Incorporated Organisation (CIO), incorporated at the Charity Commission (England and Wales) on 17[th] March 2017. The CIO’s governing document is its ‘Constitution of a Charitable Incorporated Organisation whose only voting members are its Charity Trustees’ established under the Charitable Incorporated Organisation’s (General) Regulations 2012.

Recruitment and Appointment of the Board of Trustees

The first trustees of the church are the subscribers to the constitution and their terms of office are set out in the governing document. Future trustees are appointed for an initial term of three years by existing trustees and must subscribe and adhere to, in belief and lifestyle, the Statement of Faith (Appendix A). Care is taken to ensure that the board of trustees has the appropriate skills, knowledge and experience needed for the effective administration of the CIO.

Induction and Training of Trustees

New trustees, if they do not already participate in the activities of the church, are introduced to the work of the church by the existing trustees and leadership team. Trustees are kept informed through regular internal reports (including financial reports) and are strongly encouraged to participate in the activities of the church. On appointment trustees are informed of their obligations in law as a trustee of a charity and are encouraged to acquaint themselves with the publications and guidance available from the Charity Commission.

Organisational Structure

The trustees hold at least four meetings each calendar year and oversee finances, the present work and the future development of the charity. At these meetings the trustees make full and proper regard to the Spiritual Leadership of the church provided always that they shall not act outside their powers as conferred by the constitution or by general law.

4

Lighthouse Community Church Carmarthen Bay – Annual Report and Accounts for the period 1 January 2024 to 31 December 2024

Structure, Governance and Management (Continued)

Risk Management

The trustees recognise that they have overall responsibility for ensuring that they implement an appropriate system for the management of risks, whether financial or otherwise, to which the charity may be exposed. For this reason, the trustees have charged the leadership team with the task of ensuring that internal controls and the exposure to risk is reviewed on a regular basis. Risk reviews are conducted regularly, and the trustees consider that there are no major risks to the charity's continued operations in the foreseeable future.

Financial Review

Net outgoing resources for the period amounted to £2,434 (2023: £1,379 outgoing). Total funds held at the end of the period were £34,587 (2023: £37,021) of which £200 (2023: £345) were held as restricted funds and £34,387 (2023: £36,676) were held as unrestricted funds. The trustees have also set aside £3,729 (2023: £6,846) of the unrestricted funds for designated purposes (see note 9).

Reserves Policy

The trustees consider a sum equivalent to three months expenditure to be sufficient to hold in reserve. Based on this policy a reserve of £4,743 (2023: £4,910) would be required. The current level of reserves, not including funds set aside by the trustees for designated purposes, is £30,194 (2023: £29,023).

Responsibilities of the Trustees

The trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial period which give a true and fair view of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the trustees on 15[th] June 2025 and signed on their behalf by:

Malcolm P Williams Trustee

William G Pettiford Trustee

5

Lighthouse Community Church Carmarthen Bay – Annual Report and Accounts for the period 1 January 2024 to 31 December 2024

Statement of Financial Activities For the Period 1 January 2024 to 31 December 2024

Unrestricted Restricted
Notes
funds
funds
£
£
Income from:
Donations and legacies
2
15,406
-
Charitable Activities
3
1,131
-
Total income
16,537
-
Expenditure on:
Charitable activities
4
18,826
145
Total expenditure
18,826
145
Net movement in funds
(2,289)
(145)
Reconciliation of funds
Total funds brought forward
36,676
345
Total funds carried forward
9,10
34,387
200
2024
Total
funds
£
15,406
1,131
16,537
18,971
18,971
(2,434)
37,021
34,587
2023
Total
funds
£
18,259
-
18,259

19,638
19,638
(1,379)
38,400
37,021

The statement of financial activities includes all gains and losses in the year and therefore a separate statement of total recognised gains and losses has not been prepared.

All the above amounts relate to continuing activities.

The notes on pages 8 to 15 form part of these financial statements.

6

Lighthouse Community Church Carmarthen Bay – Annual Report and Accounts for the period 1 January 2024 to 31 December 2024

Balance Sheet at 31 December 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 6 464 807
Total fixed assets 464 807
Current assets
Lloyds Bank current account 34,276 37,349
Debtors 7 362 81
34,638 37,430
Creditors: Amounts falling due
within one year 8 (515) (1,216)
Net current assets 34,123 36,214
Net assets 11 34,587 37,021
Represented by:
Unrestricted funds 9 34,387 36,676
Restricted funds 10 200 345
Total funds 34,587 37,021

These financial statements were approved by the trustees on 15[th] June 2025 and signed on their behalf by:

Malcolm P Williams Trustee

William G Pettiford Trustee

7

Lighthouse Community Church Carmarthen Bay – Annual Report and Accounts for the period 1 January 2024 to 31 December 2024

Notes to the Accounts for the period 1 January 2024 to 31 December 2024

1. Church information

Lighthouse Community Church is a Christian church which regularly meets publicly on Sundays in The Memorial Hall, Parc-Y-Minos, Burry Port, Carmarthenshire SA16 0BN. The registered church office address is 57 Pencoed Road, Burry Port, Carmarthenshire SA16 0PN.

1.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with 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 (FRS102) (effective January 2015) – (Charities SORP (FRS102)).

Lighthouse Community Church meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.

The trustees continue to pursue strategies to increase the number of grants and donations needed to fund the work, and hence these accounts have been prepared on a Going Concern basis.

The financial statements are prepared in sterling (£) and rounded to the nearest pound.

1.2 Income

All income is included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy.

Donations are accounted for gross when received. The charity utilises the services of Stewardship Services (UKET) Ltd for administering Gift-Aid receipts, who recover the tax on relevant donations and transfer the gross amount, less a small administration charge, to the charity in the form of a grant.

1.3 Expenditure

Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered and is reported as part of the expenditure to which it relates.

1.4 Fund accounting

Unrestricted general funds - these are funds which can be used in accordance with the charity's objectives, at the discretion of the trustees.

Unrestricted designated funds – these are unrestricted general funds that have been set aside at the discretion of the trustees for specific purposes.

Restricted funds - these are funds that can only be used for restricted purposes within the governing document of the charity. Restrictions arise when specified by the donor or when funds are raised for specific purposes.

8

Lighthouse Community Church Carmarthen Bay – Annual Report and Accounts for the period 1 January 2024 to 31 December 2024

Notes to the Accounts for the period 1 January 2024 to 31 December 2024

1.4 Pension costs

The charity does not operate its own scheme. Contributions are made to a group personal pension scheme provided by NEST. The amount charged to the Statement of Financial Activities represents the contributions payable to such schemes in respect of the accounting period and amounted to £Nil (2023: £58).

1.6 Fixed assets and depreciation

Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Fixtures fittings and equipment - 20% straight line

1.5 Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the statement of financial activities.

9

Lighthouse Community Church Carmarthen Bay – Annual Report and Accounts for the period 1 January 2024 to 31 December 2024

Notes to the Accounts for the period 1 January 2024 to 31 December 2024

2 Donations and legacies

Unrestricted
funds
£
Regular giving
4,501
Sunday offerings
4,255
Ad-hoc donations
6,650
15,406
3
Income from charitable activities
Unrestricted
funds
£
Residential events
1,131
1,131
4
Cost of charitable activities
Unrestricted
funds
£
Residential events
2,182
Salaries
-
Venue costs
4,300
Equipment depreciation
343
Equipment purchase
-
Hospitality
175
Administration and governance
2,058
Insurance
362
Publicity
-
Resources
499
Youth work
-
Outreach
1,806
Ministry
784
Safeguarding
215
Bank charges
4
Other costs
-
Grants – Outreach
4,223
Grants – Social
1,875
Grants to other charities
-
18,826
Unrestricted
funds
£
Regular giving
4,501
Sunday offerings
4,255
Ad-hoc donations
6,650
15,406
3
Income from charitable activities
Unrestricted
funds
£
Residential events
1,131
1,131
4
Cost of charitable activities
Unrestricted
funds
£
Residential events
2,182
Salaries
-
Venue costs
4,300
Equipment depreciation
343
Equipment purchase
-
Hospitality
175
Administration and governance
2,058
Insurance
362
Publicity
-
Resources
499
Youth work
-
Outreach
1,806
Ministry
784
Safeguarding
215
Bank charges
4
Other costs
-
Grants – Outreach
4,223
Grants – Social
1,875
Grants to other charities
-
18,826
Restricted
funds
£
-
-
-
2024
Total
funds
£
4,501
4,255
6,650
2023
Total
funds
£
5,290
5,927
7,042
15,406 - 15,406 18,259
Restricted
funds
£
-
-
2024
Total
funds
£
1,131
1,131
2023
Total
funds
£
-
-
Restricted
funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
145
145
2024
Total
funds
£
2,182
-
4,300
343
-
175
2,058
362
-
499
-
1,806
784
215
4
-
4,223
1,875
145
18,971
2023
Total
funds
£
-
4,074
3,042
343
80
213
1,930
362
30
243
367
1,419
483
170
18
250
2,550
4,064
-
19,638

Lighthouse Community Church Carmarthen Bay – Annual Report and Accounts for the period 1 January 2024 to 31 December 2024

Notes to the Accounts for the period 1 January 2024 to 31 December 2024

5 Staff numbers and cost

Employment costs

Employment costs
Wages and salaries
Social security costs
Employers pension contributions
2024
-
-
-
-
2023
£
4,016
-
58
4,074

No staff were employed during the year (2023: one part-time staff member was paid a total of £4,074). No pension contributions were paid during the year (2023: £58).

The full-time equivalent number of staff during the year was nil (2023: 0.16).

No staff member was paid more than £60,000 during this accounting period.

The total employment benefits, including employer pension contributions, of the key management personnel of the charity were £Nil (2023: £Nil).

No trustee received any remuneration or payment of expenses during the year.

11

Lighthouse Community Church Carmarthen Bay – Annual Report and Accounts for the period 1 January 2024 to 31 December 2024

Notes to the Accounts for the period 1 January 2024 to 31 December 2024

6 Fixed assets - Tangible

Cost
At 1 January
Additions
At 31 December
Depreciation
At 1 January
Charge for the year
At 31 December
Net Book Value
At 31 December
2024
Equipment
£
1,716
-
1,716
2023
Equipment
£
1,716
-
1,716
909
343
1,252
464
566
343
909
807

7 Debtors

Unrestricted
Restricted
Funds
Funds
£
£
Prepayments – Venue Costs
362
-
362
-
2024
Total
Funds
£
362
362
2023
Total
Funds
£
81
81

8 Creditors: Amounts falling due within one year

Unrestricted
Restricted
Funds
Funds
£
£
Trade creditors – Bookkeeping
-
-
Accruals – Venue costs
-
-
Accruals – Bookkeeping
435
-
Sundry creditors
80
-
515
-
2024
Total
Funds
£
-
-
435
80
515
2023
Total
Funds
£
240
26
370
580
1,216

12

Lighthouse Community Church Carmarthen Bay – Annual Report and Accounts for the period 1 January 2024 to 31 December 2024

Notes to the Accounts for the period 1 January 2024 to 31 December 2024

9 Unrestricted funds

Balance at
31 Dec 2023
£
General funds
29,830
Designated funds – Outreach
4,971
Designated funds – Social
1,875
Designated funds
6,846
36,676
Balance at
Income
Expenditure
Transfers
31 Dec 2024
£
£
£
£
16,537
(12,728)
(2,981)
30,658
-
(4,223)
1,491
2,239
-
(1,875)
1,490
1,490
-
(6,098)
2,981
3,729
16,537
(18,826)
-
34,387

Outreach fund

A fund established to support efforts to communicate the message of Jesus Christ to those who are currently outside the Kingdom of God, in the United Kingdom and beyond.

Social fund

A fund established to support efforts to meet the practical needs of those outside the Kingdom of God, in the United Kingdom and beyond.

10 Restricted funds

Balance at Incoming Outgoing Balance at
31 Dec 2023 resources resources Transfers 31 Dec 2024
£ £ £ £ £
Syria fund 145 - (145) - -
Ukraine refugee fund 200 - - - 200
345 - (145) - 200

Syria fund

A fund established to help meet the needs of Syrian refugees currently in the United Kingdom, particularly those in the immediate vicinity of Burry Port and Llanelli.

Ukraine refugee fund

A fund established to help meet the needs of Ukrainian refugees currently in the United Kingdom, particularly those in the immediate vicinity of Burry Port and Llanelli.

13

Lighthouse Community Church Carmarthen Bay – Annual Report and Accounts for the period 1 January 2024 to 31 December 2024

Notes to the Accounts for the period 1 January 2024 to 31 December 2024

11 Analysis of net assets between funds

Unrestricted Unrestricted
Restricted
Funds
Funds
funds
£
£
£
Fund balances at 31 December 2024
as represented by:
Tangible Assets
464
-
Current assets
28,056
34,438
200
Current liabilities
(2,890)
(515)
-

25,166
34,387
200
Total
funds
£
464
34,638
(515)
34,587

12 Taxation

As a charity, Lighthouse Community Church is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity.

13 Related parties

Mrs Isis Y Williams was a member of the leadership team of the church and is the wife of Mr Malcolm P Williams, who was also a member of the leadership team and is still a member of the board of trustees. Care was taken to ensure that Isis did not have undue influence over the decisions made by the board of trustees. Both Malcolm and Isis retired from the leadership team on 31[st] March 2025.

14 Controlling parties

In the opinion of the trustees there is no single ultimate controlling party of the charity.

14

Lighthouse Community Church Carmarthen Bay – Annual Report and Accounts for the period 1 January 2024 to 31 December 2024

Notes to the Accounts for the period 1 January 2024 to 31 December 2024

15

Statement of Financial Activities For the period 1 January 2023 to 31 December 2023

Unrestricted Restricted
funds
funds
£
£
Income from:
Donations and legacies
18,259
-
Total income
18,259
-
Expenditure on:
Charitable activities

19,638
-
Total expenditure
19,638
-
Net movement in funds
(1,379)
-
Reconciliation of funds
Total funds brought forward
38,055
345
Total funds carried forward
36,676
345
2023
Total
£
18,259
18,259

19,638
19,638
(1,379)
38,400
37,021

15

Lighthouse Community Church Carmarthen Bay – Annual Report and Accounts for the period 1 January 2024 to 31 December 2024

Appendix A

Statement of Faith

We believe in...

  1. The one true God who lives eternally in three persons—the Father, the Son and the Holy Spirit.

  2. The love, grace and sovereignty of God in creating, sustaining, ruling, redeeming and judging the world.

  3. The divine inspiration and supreme authority of the Old and New Testament Scriptures, which are the written Word of God—fully trustworthy for faith and conduct.

  4. The dignity of all people, made male and female in God's image to love, be holy and care for creation, yet corrupted by sin, which incurs divine wrath and judgement.

  5. The incarnation of God’s eternal Son, the Lord Jesus Christ—born of the virgin Mary; truly divine and truly human, yet without sin.

  6. The atoning sacrifice of Christ on the cross: dying in our place, paying the price of sin and defeating evil, so reconciling us with God.

  7. The bodily resurrection of Christ, the first fruits of our resurrection; his ascension to the Father, and his reign and mediation as the only Saviour of the world.

  8. The justification of sinners solely by the grace of God through faith in Christ.

  9. The ministry of God the Holy Spirit, who leads us to repentance, unites us with Christ through new birth, empowers our discipleship and enables our witness.

  10. The Church, the body of Christ both local and universal, the priesthood of all believers—given life by the Spirit and endowed with the Spirit's gifts to worship God and proclaim the gospel, promoting justice and love.

  11. The personal and visible return of Jesus Christ to fulfil the purposes of God, who will raise all people to judgement, bring eternal life to the redeemed and eternal condemnation to the lost, and establish a new heaven and new earth.

16