**Registered Charity Number 1178274**
## **Lighthouse Gospel Ministries Brentwood**
## **for**
## **The Year Ended 30 April 2022**
**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 2022**
The trustees present their report with the financial statements of the charity for the year ended 30 April 2022 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 06 February 2023 and signed on its behalf by:**
## Clifford Omorogie – Trustee
**2**
**Examiner's Report to the Trustees of**
## **Lighthouse Gospel Ministries Brentwood**
I report on the accounts for the year ended 30 April 2022 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
**3**
**Lighthouse Gospel Ministries Brentwood**
## **Statement of Financial Activities**
## **for the Year Ended 30 April 2022**
|**2022**
**Unrestricted Fund**
**Notes**
**INCOMING RESOURCES**
**Incoming resources from generated**
Voluntary income
99,259
Investment income
-
**Total Incoming resources**
**99,259**
**RESOURCES EXPENDED**
**Costs of generating funds**
Costs of generating voluntary income
77,814
Fundraising trading: cost of goods sold and other cost
-
Governance costs
36,646
Other resources expended
Support Management costs
Finance cost
-
**Total resources expended**
**114,460**
**NET INCOMING RESOURCES**
**(15,202)**
**RECONCILIATION OF FUNDS**
Total funds brought forward
6,321
**TOTAL FUNDS CARRIED FORWARD**
**-8,881**|**2021**
**Unrestricted Fund**
**£**
81,897
-
**81,897**
60,875
-
25,340
-
**86,215**
**(4,318)**
10,639
**6,321**|
|---|---|
The notes form part of these financial statements
**4**
**Lighthouse Gospel Ministries Brentwood**
## **Balance Sheet**
## **as at 30 April 2022**
|**2022**
**Unrestricted Fund**
**Note**
**Fixed Assets**
Tangible assets
**8**
2,218
**Current Assets**
Cash at bank and in hand
**3**
1,526
**3,744**
**Creditors: amounts falling due within one year**
12,941
Net current assets
9,197
-
Total assets less current liabilities
Creditors: amounts falling due after more than one ye
-
Net assets
**-9,197**
**FUNDS**
Unrestricted funds
9
-9,197
**TOTAL FUNDS**
**-9,197**|**2021**
**Unrestricted Fund**
£
14,947
3,999
**18,946**
12,941
6,005
-
**6,005**
6,005
**6,005**|
|---|---|
The financial statements were approved by the Board of Trustees on 06 February 2023 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 2022**
## **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|**2022**
**2021**
**£**
**£**
0
0
£
£
0
30
1,526
3,969
**1,526**
**3,999**|
|---|---|
6
|**4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|**4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||
|---|---|---|
|Accrual|400|400|
|Other creditors|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 2022
## **Trustees’ expenses**
There were no trustees’ expenses paid for the year ended 30 April 2022.
## **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 2021
Additions
**DEPRECIATION**
At 1 May 2021
Charged for the year
**At 30 April 2022**
**NET BOOK VALUE**
At 30 April 2021
At 30 April 2022|**Freehold**
**Plant & Fixtures &**
**Totals**
**Property**
**Machinery**
**Fittings**
**£**
**£**
**£**
**£**
-
50,916
-
50,916
-
-
**-**
**50,916**
**-**
**50,916**
-
35,970
-
35,970
-
12,729
-
12,729
**-**
**48,699**
**-**
48,699
**-**
**14,947**
**-**
**14,947**
**-**
**2,218**
**-**
**2,218**|
|---|---|
## **9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
Loans
- - - -
**7**
## **10. MOVEMENT IN FUNDS**
|||Net movement|||
|---|---|---|---|---|
||01.05.2021|in funds||At 30.04.2022|
|**Unrestricted funds**|||||
|General fund|6,005|(15,202)|-|9,197
|
|**Total funds**|**6,005**|**(15,202)**|**-**|**9,197**
|
|Net movement in funds, included in the above are as follows:|||||
||**Incoming Resources**|**Resources Expended**|**Movement in Funds**||
|**Unrestricted funds**|||||
|General fund|99,259|(114,460)||(15,202)|
|**Total funds**|**99,259**|**(114,460)**||**(15,202)**|
**8**
## **Lighthouse Gospel Ministries Brentwood**
## **Detailed Statement of Financial Activities**
## **For The Year Ended 30 April 2022**
|**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
Event hire, supplies & catering
Flyers, Banners and Brochure
Hall Hire
Insurance
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
**Fundraising trading: cost of goods sold and other costs**
Bank loan interest|**2022**
**2021**
**£**
**£**
35,453
40,392
63,806
41,504
**99,259**
**81,897**
0
0
0
0
**-**
**-**
**99,259**
**81,897**
12,729
12,729
400
400
28,136
8,681
2,359
7,154
17,580
5,749
3,093
0
-
113
-
880
727
0
3,654
3,840
6,000
4,050
-
11,402
-
0
2,744
3,039
392
527
-
74
-
583
-
250
-
1,299
-
105
**77,814**
**60,875**
**-**
**-**
**-**
**-**|
|---|---|
**9**
**Finance cost**
|**nance cos**
**Governance costs**
Donations made
**Other resources expended**
Rent/Accommodation
**Total resources expended**
**Net income**|**-**
**-**
**-**
**-**
**36,646**
**25,340**
**-**
**-**
**114,460**
**86,215**
**(15,202)**
**(4,318)**|
|---|---|
10