Charity registration number: 1180319
Lighthouse Church, Anglesey (Capel Goleudy Mon) A Charitable Incorporated Organisation
FINANCIAL STATEMENTS AND TRUSTEES REPORT FOR THE YEAR ENDED 31 AUGUST 2024
https://www.lighthousechurchanglesey.org/
https://www.capelgoleudymon.org/
Lighthouse Church, Anglesey
INDEX TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
| Page | |
|---|---|
| Legal and administrative information | 1 |
| Trustees' report | 2 - 7 |
| Independent examiner's report | 8 |
| Statement of financial activities | 9 |
| Balance sheet | 10 |
| Notes to the financial statements | 11 - 14 |
Lighthouse Church, Anglesey
LEGAL AND ADMINISTRATIVE INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024
| Trustees: Charity number: Charity Address: Charity Website: Independent Examiners: Bankers: |
J Gowers-Cromie (Chair) G Boyer P Morton S Percival - appointed 18 March 2024 1180319 Carreg Dwr Paradwys Bodorgan LL62 5PB https://www.lighthousechurchanglesey.org/ (English) https://www.capelgoleudymon.org/ (Welsh) Lifestyles Accountancy Limited 39 Kirklees Road Southport PR8 4RB HSBC 2 High Street Llangefni LL77 7LU |
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Page 1 of 14
Lighthouse Church, Anglesey
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 AUGUST 2024
The trustees submit their annual report and financial statements for the year ended 31 August 2024. The financial statements follow the requirements of the revised Charities Statement of Recommended Practice (FRS 102) (second edition - October 2019) – 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 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Lighthouse Church is a Charitable Incorporated Organisation which was registered on 15 October 2018. It is governed by its Constitution dated 4 December 2017 which is based on the Charity Commission's model governing document for foundation Charitable Incorporated Organisations.
Lighthouse Church is part of the Pioneer UK Network of churches and is a member of the Evangelical Alliance. Lighthouse church currently meets at: Llangefni Football Club, Talwrn Road, Cae Bob Parry, Llangefni, LL77 7RP.
Recruitment and appointment of the trustees
The board seeks to achieve a balance of skills and experience amongst the trustees. In order to maintain this, the board reviews its skill and experience mix each year and seeks to recruit new trustees as and when necessary.
There must be at least 3 charity trustees serving at any one time and the maximum number of trustees is 12.
In accordance with the Constitution, apart from the first charity trustees, every trustee must be appointed for a term of three years by a resolution passed at a properly convened meeting of the charity trustees.
Trustee induction and training
To support trustees existing competencies, we refer them to web based training materials appropriate to their role. The trustee team have worked well together during the year meeting approximately every other month. In the coming years we would anticipate adding to the team and specifically looking for people from Anglesey to join the board.
Ongoing training is provided by the board of trustees as and when the need arises.
Risk management
All major insurable risks are subject to normal churches and employers insurance. Annual reviews of risk, such as safeguarding, health and safety are undertaken by the trustees in conjunction with employees and volunteers.
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Lighthouse Church, Anglesey
TRUSTEES' REPORT (continued)
FOR THE YEAR ENDED 31 AUGUST 2024
OBJECTIVES AND ACTIVITIES
Objects of the charity
The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities.
The purpose of the charity is to advance the Christian faith for the benefit of the public in accordance with the essential doctrine and articles of belief of the Pioneer network of churches.
The objects of Lighthouse Church Anglesey are stated in the constitution dated 4 December 2017 and summarised is:
"The proclamation and furtherance of the christian gospel and the preaching and teaching of the word of God in accordance with the essential doctrine and articles of belief of the Pioneer network of churches."
The vision of Lighthouse Church, Anglesey is:
Following Jesus, Building Community and Loving Anglesey.
The values of Lighthouse Church, Anglesey are that:
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1) We are a Pioneering Community (Rural church planting, Challenging tradition, Bilingual, Young/female leaders);
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2) We are an Honouring Community (To God through worship and prayer, To each other through welcoming, serving one another and valuing highest forms of communication and being a catalyst for unity on Anglesey and beyond); and
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3) We are a Discipling Community (Valuing accountability, growth and transformation. Encouraging participation not consumption. Seeking a lifestyle of worship and hearing from God and living a missional lifestyle).
ACHIEVEMENTS AND PERFORMANCE
Church attendance
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= There were around 85 members (63 adults and 22 children) of Lighthouse church on 31 August 2024;
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= There have been many new faces during the year and some who have moved on from Lighthouse church. We also have a regular attendance from many guests who are visiting Anglesey either as a one-off or on a regular basis; and
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= About 80% of adults are engaged in a Small group.
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Lighthouse Church, Anglesey
TRUSTEES' REPORT (continued)
FOR THE YEAR ENDED 31 AUGUST 2024
REVIEW OF THE YEAR
Following Jesus
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= Gathered physically each Sunday for teaching, worship and community. 65-80 adults and children on average attending Sunday Gatherings each week;
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= Key teaching series on Roots in Spring 2024 has laid a clear identity for Lighthouse moving forward;
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= Vision Sunday and Giving Sunday January 2024 saw ~£12,000 one off gifts and additional standing orders (~ £5,000 increase incoming that finacial year). With further gifts coming in through the year;
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= Weekly prayer zoom continues as a place for intercession, praying over the Church Community, the island, Wales and global issues;
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= 6 guests on the Alpha Course;
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= 6 families went to the Urban Saints Family Camp for 4 days of worship, teaching and family fun;
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= Leadership team members attended the Pioneer Leaders Conference, NWC conference, Llanw and various Cant i Gymru events;
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= First Church weekend away organised with 40 adults and children to Quinta Hall, Shropshire for a weekend of teaching, worship and community fun with guest speaker Siân Rees from Bible Society Wales;
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= A number of worship and prayer nights are held through the year with an open invite to other churches to build unity;
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= Discipleship training evenings held to go deeper in specific issues with high quality teaching and practical advice;
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= The 12 week STEPS course ran with 8 participants to support and improve people's wellbeing and mental health; and
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= Kids Church has grown each Sunday with the average weekly attendance growing to 1215 on average 3 - 11 year olds.
Building Community
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= Staff team has grown in capacity and skill. Alan Radbourne co-team leader is now working 2 days a week;
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= Small Groups continued to be key to life in Lighthouse with 5 active Small Groups creating space for authentic faith community;
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= Summer Socials organised over the Summer holidays to create regular points of connection;
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= Môn Men grown and holding bi-monthly men breakfasts and space where men share their testimony;
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= Capel Go-Ladies grown planning several events, including pamper evening, Christmas quiz and breakfasts and other socials;
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= Dedication of a baby in the community a signal of multigenerational church community;
Page 4 of 14
Lighthouse Church, Anglesey
TRUSTEES' REPORT (continued)
FOR THE YEAR ENDED 31 AUGUST 2024
REVIEW OF THE YEAR (continued)
Building Community (continued)
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= Improved communications with updated weekly newsletter design, more active bilingual social media and website edits, helping people within and outside of Lighthouse know what’s going on; and
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= Welcome meals held 3 times in the year to welcome new people to the community.
Loving Anglesey
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= Ran 2 Alpha Courses; = Little Beacons parents and tots group grew with more volunteers and attendees. Engaged more with external providers, e.g. Council Library Services, Pwysau Iach Plant Yng Nghymru;
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= Make Lunch continued to develop with numbers growing to maximum capacity (capped registration numbers) with each event as word spread about a safe fun place for families each holiday. Make Lunch Team also grew to facilitate growth and training provided for the team;
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= The community fun day returned in a public park in Llangefni, with around 450 people attending for free food and activities. External services supported the event, building on connections in the local community;
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= Alongside the fun day, 7 short testimony videos were developed to share a story of hope into the local community and beyond;
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= Continued to use ACTS 435 and Transforming Lives for Good grants as a way to provide immediate need for families in need;
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= Mon FM local radio shows were produced in partnership with churches from across Anglesey and Gwynedd for Christmas Day and Easter Day;
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= Provided a morning assembly and activities for well-being in a local school where many of our children attend;
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= Ran the Care for the Family ‘Left to their own Devices’ course in a local school for parents to help them think about healthily managing technology in the home around children;
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= Christingle & Carols services were well attended at Christmas as very invitational events; and
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= Coffi Cymraeg launched in January as a space to encourage and support Welsh learners and bridge cultural gap within church community.
Volunteers
We would like to thank all the volunteers who have served and helped make Lighthouse Church Anglesey what it is. Diolch.
Page 5 of 14
Lighthouse Church, Anglesey
TRUSTEES' REPORT (continued)
FOR THE YEAR ENDED 31 AUGUST 2024
FINANCIAL REVIEW
Principal funding sources
The major source of income for the charity continues to be from individual donations by members of the church congregation.
Reserves policy
The Charity’s policy on reserves is to generate and maintain a balance which is sufficient:
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= to preserve the financial viability of the Charity in the event that unforeseen and/or unavoidable circumstance precipitate a short-term fall in its income; and
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= to enable the Charity, in the interests of meeting its objectives, to grow the activities it undertakes to maximise its impact on the benefit of the Anglesey community.
For these purposes the Charity trustees have agreed that they will endeavour to maintain reserves which would be sufficient to cover at least 3 months expenditure.
As at 31 August 2024, 3 months expenditure was calculated to be about £17,000, whilst the amount held in unrestricted reserves was £27,037. The trustees appreciate that this level is in excess of what is immediately needed but is deemed appropriate for this year since excess reserves are being sought with a view to plant other churches and purchase a building as a permanent base in the coming years. This is why a total of £65,000 has been designated as at the year end. The trustees continue to keep the balance held in reserves under review.
Remuneration of Trustees
All trustees act in a voluntary capacity and receive no remuneration or other material benefits from their services to the Charity.
Out-of-pocket expenses necessarily and reasonably incurred by trustees in promoting the purposes of the Charity are reimbursed at cost.
Financial review of the year
In the year to 31 August 2024 income of £89,285 was received (2023 - £62,832). Costs during the year totalled £68,508 (2023 - £50,563) which generated a surplus throughout the year of £20,777 (2023 - £12,269).
PLANS FOR FUTURE PERIODS
General plans
The charity will continue its operations throughout the year, with a view to further its objectives. The charity seeks to further the proclamation of the Christian Gospel and meet the practical needs of the community.
Page 6 of 14
Lighthouse Church, Anglesey
TRUSTEES' REPORT (continued)
FOR THE YEAR ENDED 31 AUGUST 2024
STATEMENT OF TRUSTEES' RESPONSIBILITIES
Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the charity's financial activities during the period and of its financial position at the end of the period. In preparing financial statements giving a true and fair view, the trustees should follow best practice and:
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a. select suitable accounting policies and apply them consistently;
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b. observe the methods and principals in the Charities SORP;
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c. make judgements and estimates that are reasonable and prudent;
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d. state whether applicable UK accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements; and
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e. prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping adequate accounting records that 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. 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.
This report was approved by the board of trustees on 11 November 2024 and signed on its behalf by:
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………………………………
J Gowers-Cromie - trustee
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Lighthouse Church, Anglesey
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LIGHTHOUSE CHURCH, ANGLESEY
FOR THE YEAR ENDED 31 AUGUST 2024
We report on the financial statements of the charity for the year ended 31 August 2024, which are set out on pages 9 to 14.
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 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is our responsibility to:
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(i) examine the accounts under section 145 of the Charities Act,
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(ii) to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
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(iii) to state whether particular matters have come to our attention.
Basis of independent examiner's statement
Our examination was carried out in accordance with 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 the 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 statement below.
Independent examiner's statement
In connection with our examination, no matter has come to our attention:
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a) which gives us reasonable cause to believe that in, any material respect, the requirements:
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to keep accounting records in accordance with section 130 of the Charities Act; and
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act
have not been met; or
- b) to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Daniel Styles FCA (Independent examiner)
Dated: 12 November 2024
for and on behalf of Lifestyles Accountancy Limited
Page 8 of 14
Lighthouse Church, Anglesey
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 AUGUST 2024
| Notes INCOME Income from generated funds: Voluntary income: Donations and gifts 2 Grant income 2 TOTAL INCOME EXPENDITURE Charitable activities 3 Governance 4 TOTAL EXPENDITURE Fund balances at 1 September 2023 Fund balances at 31 August 2024 NET INCOME FOR THE YEAR |
Unrestricted Restricted Total funds funds funds 2024 2024 2024 £ £ £ 85,222 - 85,222 402 3,661 4,063 85,624 3,661 89,285 64,747 3,661 68,408 100 - 100 64,847 3,661 68,508 20,777 - 20,777 71,260 - 71,260 92,037 - 92,037 |
Total funds 2023 £ 61,644 1,188 62,832 50,463 100 50,563 12,269 58,991 71,260 |
|---|---|---|
The notes on pages 11 - 14 form part of these financial statements.
Page 9 of 14
Lighthouse Church, Anglesey
BALANCE SHEET
AS AT 31 AUGUST 2024
| Total funds 2024 Notes £ CURRENT ASSETS Gift Aid tax owed 4,858 Cash at bank and in hand 88,038 92,896 CURRENT LIABILITIES Trade creditors - Accruals 370 PAYE owed 489 Pension owed - 859 NET CURRENT ASSETS 92,037 TOTAL NET ASSETS 92,037 FUNDS Restricted funds 8 - Designated funds 65,000 Unrestricted funds 27,037 TOTAL FUNDS 92,037 9 Approved and signed on behalf of the board on 11 November 2024 by: |
Total funds 2023 £ 2,419 69,844 72,263 70 690 202 41 1,003 71,260 71,260 - 860 70,400 71,260 |
|---|---|
………………………………
J Gowers-Cromie - trustee
The notes on pages 11 - 14 form part of these financial statements.
Page 10 of 14
Lighthouse Church, Anglesey
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
1 ACCOUNTING POLICIES
a Basis of preparation
The financial statements follow the requirements of the revised Charities Statement of Recommended Practice (FRS 102) (second edition - October 2019) – 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 2019).
The Charity has taken advantage of the provisions in the SORP for Charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
b Fund accounting
Unrestricted funds are funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Designated funds are funds which remain unrestricted but have been set aside for a particular future purpose by the trustees.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements where relevant.
c Incoming resources
All incoming resources are included in the SOFA when the charity is legally entitled to the income and can be quantified with reasonable accuracy. For legacies, entitlement is the earlier of the charity being notified of an impending distribution or the legacy being received. No amounts are included in the financial statements for services donated by volunteers.
d Resources expended
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs 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 the resources.
Fund raising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities. Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management costs. Management and administration costs are those incurred in connection with the administration of the charity and compliance with constitutional and statutory requirements.
e Fixed assets and depreciation
Tangible fixed assets costing more than £500 are capitalised and included at cost including and incidental expenses of acquisition.
Page 11 of 14
Lighthouse Church, Anglesey
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31 AUGUST 2024
2 VOLUNTARY INCOME
| Unrestricted Restricted Total funds funds funds 2024 2024 2024 £ £ £ Donations and gifts: Standing orders 55,142 - 55,142 Sunday collections 6,951 - 6,951 Gift aid reclaimed 11,242 - 11,242 Other 11,887 - 11,887 Grant income: Grants received 402 3,661 4,063 85,624 3,661 89,285 3 Unrestricted Restricted Total funds funds funds 2024 2024 2024 £ £ £ Administration costs: Bank charges 534 - 534 Bookkeeping costs 1,380 - 1,380 Community and outreach 2,400 3,661 6,061 Computer and software costs 1,271 - 1,271 Donations and gifts made 3,300 - 3,300 Insurance 295 - 295 Leadership development 3,975 - 3,975 Office and organisational costs 348 - 348 Pastoral and small group costs 880 - 880 Staff salaries 42,579 - 42,579 Sunday costs 2,748 - 2,748 Travelling costs 136 - 136 Venue hire 3,135 - 3,135 Other costs 1,766 - 1,766 64,747 3,661 68,408 COSTS OF CHARITABLE ACTIVITIES |
Total funds 2023 £ 44,414 6,086 8,954 2,190 1,188 62,832 Total funds 2023 £ 384 960 5,088 830 4,390 347 1,326 698 466 28,809 5,226 429 - 1,510 50,463 |
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Page 12 of 14
Lighthouse Church, Anglesey
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31 AUGUST 2024
4 GOVERNANCE COSTS
| Independent examination | Unrestricted Restricted Total funds funds funds 2024 2024 2024 £ £ £ 100 - 100 100 - 100 |
Total funds 2023 £ 100 100 |
|---|---|---|
5 TRUSTEES REMUNERATION
No trustee received any remuneration throughout the year.
6 EMPLOYEES
| Total staff costs recognised in the year Wages and salaries Pension costs |
2024 £ 42,156 423 42,579 |
2023 £ 28,809 - 28,809 |
|---|---|---|
No employees total employee benefits for the reporting period amounted to over £60,000 and the average monthly number of paid employees during the year was:
| Management and administration Unrestricted Restricted funds funds 2024 2024 £ £ Current assets 92,896 - Current liabilities (859) - 92,037 - ANALYSIS OF NET ASSETS BETWEEN FUNDS |
2024 Number 5 Total funds 2024 £ 92,896 (859) 92,037 |
2023 Number 5 Total funds 2023 £ 72,263 (70) 72,193 |
|---|---|---|
7 ANALYSIS OF NET ASSETS BETWEEN FUNDS
Page 13 of 14
Lighthouse Church, Anglesey
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31 AUGUST 2024
8 RESTRICTED FUNDS
| Blackmore Foundation Faith building works Ffrindiau Mon Medrwn Mon Transforming Lives |
Balance at Incoming Resources 1 Sep 23 Resources Expended £ £ £ - 80 (80) - 360 (360) - 75 (75) - 1,278 (1,278) - 1,868 (1,868) - 3,661 (3,661) |
Balance at 31 Aug 24 £ - - - - - |
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All restricted grants received as shown above are for the furtherance of the charitable activities of the charity and are to cover the cost of community activities as required by the individual grant funders.
9 UNRESTRICTED FUNDS
| Balance at Incoming Resources 1 Sep 23 Resources Expended Transfers £ £ £ £ Designated funds Future building development 860 - - 64,140 Unrestricted funds 70,400 85,624 (64,847) (64,140) 71,260 85,624 (64,847) - |
Balance at 31 Aug 24 £ 65,000 27,037 92,037 |
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During the year the trustees agreed to designate a total of £65,000 to be put toward a future building development project which would aim to secure a property from where the church can operate more freely.
10 RELATED PARTY TRANSACTIONS
The trustees confirm that throughout the year there were no known related party transactions (2023 - none).
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