Registered Charity Number 1178274
Lighthouse Gospel Ministries Brentwood
for
The Year Ended 30 April 2021
Atlantic Accountancy Ltd 6 Wilson Court, 6 Union Road Romford, Essex RM7 0GR
Lighthouse Gospel Ministries Brentwood
| CONTENTS | ||
|---|---|---|
| Page | ||
| Report of the Trustees | 2 | |
| Examiner's Report | 3 | |
| Statement of Financial Activities | 4 | |
| Balance sheet | 5 | |
| Notes to the financial statements | 6 - 8 | |
| Detailed Statement of Financial Activities | 10 |
Lighthouse Gospel Ministries Brentwood
Report of the Trustees for the Year Ended 30 April 2021
The trustees present their report with the financial statements of the charity for the year ended 30 April 2021 The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity Number 1178274
Principal Address
37 Wellington Pl, Warley, Brentwood CM14 5XD
Trustees
Clifford Omorogie Deane Coe Blessing Uwede
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
Approved by order of the board of trustees on 23 February 2022 and signed on its behalf by:
Clifford Omorogie – Trustee
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Examiner's Report to the Trustees of
Lighthouse Gospel Ministries Brentwood
I report on the accounts for the year ended 30 April 2021 set out on pages four to eight.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under Section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is required.
It is my responsibility to:
-
examine the accounts under Section 145 of the 2011 Act
-
to follow the procedures laid down in the General Directions given by the Charity Commission (under Section 145(5) (b) of the 2011 Act); and
to state whether particular matters have come to my attention.
Basis of the independent examiner's report
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view ' and the report is limited to those matters set out in the statements below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that, in any material respect, the requirements
- to keep accounting records in accordance with Section 130 of the 2011 Act; and
to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Atlantic Accountancy Ltd
6 Wilson Court, 6 Union Road Romford, Essex RM7 0GR
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Lighthouse Gospel Ministries Brentwood
Statement of Financial Activities
for the Year Ended 30 April 2021
| 2021 Unrestricted Fund Notes INCOMING RESOURCES Incoming resources from generated Voluntary income 81,897 Investment income - Total Incoming resources 81,897 RESOURCES EXPENDED Costs of generating funds Costs of generating voluntary income 60,875 Fundraising trading: cost of goods sold and other cost - Governance costs 25,340 Other resources expended Support Management costs Finance cost - Total resources expended 86,215 NET INCOMING RESOURCES (4,318) RECONCILIATION OF FUNDS Total funds brought forward 10,639 TOTAL FUNDS CARRIED FORWARD 6,321 |
2020 Unrestricted Fund £ 18,384 - 18,384 27,798 - 2,906 8 30,712 (12,328) 22,967 10,639 |
|---|---|
The notes form part of these financial statements
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Lighthouse Gospel Ministries Brentwood
Balance Sheet
as at 30 April 2021
| 2021 Unrestricted Fund Note Fixed Assets Tangible assets 8 14,947 Current Assets Cash at bank and in hand 3 3,999 18,946 Creditors: amounts falling due within one year 12,941 Net current assets 6,005 Total assets less current liabilities Creditors: amounts falling due after more than one ye - Net assets 6,005 FUNDS Unrestricted funds 9 6,005 TOTAL FUNDS 6,005 |
2020 Unrestricted Fund £ 23,241 23 23,264 12,941 10,323 - 10,323 10,323 10,323 |
|---|---|
The financial statements were approved by the Board of Trustees on 24 February 2021 and were signed on its behalf by:
Clifford Omorogie – Trustee
The notes form part of these financial statements
5
Lighthouse Gospel Ministries Brentwood
Notes to the Financial Statements
For The Year Ended 30 April 2021
1 ACCOUNTING POLICIES
Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
Incoming resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Resources expended
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and equipment - 25% straight-line method Fixtures and fittings - 25% straight-line method
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives, at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. GRANT
| Grants 3. BANK Cash at hand Barclays |
2021 2020 £ £ 0 0 £ £ 30 10 3,969 13 3,999 23 |
|---|---|
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4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Accrual Other creditors |
400 400 12,541 12,541 12,941 12,941 |
|---|---|
5. INVESTMENT INCOME
Interest receivable - - Rents received - - -
6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees’ remuneration or other benefits for the year ended 30 April 2021
Trustees’ expenses
There were no trustees’ expenses paid for the year ended 30 April 2021.
7. STAFF COSTS
Wages and salaries
-
- - - -
The average monthly number of employees during the year was as follows:
No employees received emoluments in excess of £60,000.00
8. TANGIBLE FIXED ASSETS
| COST At 1 May 2020 Additions DEPRECIATION At 1 May 2020 Charged for the year At 30 April 2021 NET BOOK VALUE At 30 April 2020 At 30 April 2021 |
Freehold Plant & Fixtures & Totals Property Machinery Fittings £ £ £ £ - 46,481 - 46,481 4,435 4,435 - 50,916 - 50,916 - 23,241 - 23,241 - 12,729 - 12,729 - 35,970 - 35,970 - 23,241 - 23,241 - 14,947 - 14,947 |
|---|---|
9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
Loans
7
10. MOVEMENT IN FUNDS
| 10. MOVEMENT IN FUNDS | |||
|---|---|---|---|
| Net movement | |||
| 01.05.2020 | in funds | At 30.04.2021 | |
| Unrestricted funds | |||
| General fund | 10,323 | (4,318) | 6,005 |
| Total funds | 10,323 | (4,318) | 6,005 |
| Net movement in funds, included in the above are as follows: | |||
| Incoming Resources | Resources Expended | Movement in Funds | |
| Unrestricted funds | |||
| General fund | 81,897 | (86,215) | (4,318) |
| Total funds | 81,897 | (86,215) | (4,318) |
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Lighthouse Gospel Ministries Brentwood
Detailed Statement of Financial Activities
For The Year Ended 30 April 2021
| INCOMING RESOURCES Voluntary income Donations Misc Donations Investment income Interest receivable-trading Rents received Total incoming resources RESOURCE EXPENDED Costs of generating voluntary income Depreciation Acountancy fee Advertising and PR Equipment expensed Equipment hire Flyers, Banners and Brochure Hall Hire Legal and professional fees Musical and entertainment Outreach and Gospel Festival Postage and Couriers Purchases Software Stationery and printing Subscriptions Sundry Telephone, internet and fax Travel and subsistence Vehicle expense Fundraising trading: cost of goods sold and other costs Bank loan interest Finance cost |
2021 2020 £ £ 40,392 15,505 41,504 2,879 81,897 18,384 0 0 0 0 - - 81,897 18,384 12,729 11,620 400 400 8,681 1,007 7,154 4,041 5,749 0 113 465 880 3,120 3,840 0 4,050 2,710 11,402 2,936 - 7 3,039 456 527 0 74 0 583 778 250 117 1,299 0 105 34 - 108 60,875 27,798 - - - - - 8 - 8 |
|---|---|
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Governance costs Donations made
25,340 2,906
| Other resources expended Rent/Accommodation Total resources expended Net income |
- - 86,215 30,712 (4,318) (12,328) |
|---|---|
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