Charity Registration Number: 1188625
HACKNEY LIGHTHOUSE CIO Report of the Trustees and Unaudited Financial Statements For the year ended 31 December 2023
Hackney Lighthouse CIO Annual Report for Year Ended 2023
Objectives and Activities
Hackney Lighthouse CIO was registered as a charitable organisation on 18 March 2020. The objective of the CIO is for the public benefit in relation to the prevention or relief of poverty in Hackney and such other parts of London as the Charity Trustees may from time to time decide. The charity aims to provide services and access to support for individuals in need and signposting them to other charities or organisations working to prevent or relieve poverty.
REFERENCE AND ADMINISTRATIVE INFORMATION CHARITY NAME Hackney Lighthouse CIO CHARITABLE INCORPORATED 1188625 ORGANISATION NUMBER REGISTRATION DATE 18[th] March 2021 START OF FINANCIAL YEAR 1[st] January 2023 END OF FINANCIAL YEAR 31[st] December 2023 CORRESPONDENCE ADDRESS Hackney Church House 1 Spiller House Prodigal Square London, E8 1FX TRUSTEES Trustees who have served from 18 March 2020 until the date this report was approved are: Rev’d Al Gordon John Parmiter Christopher Reeves Jack Follett BANKERS Reliance Bank
Approved by the Trustees of Hackney Lighthouse CIO on and signed on their behalf by Mr. John Parmiter:
Hackney Lighthouse CIO Financial Statements for Year Ended 2023
| STATEMENT OF FINANCIAL ACTIVITY Total Income from Charitable Donations Total Expenditures NET INCOME/(EXPENDITURE) STATEMENT OF ASSETS AND LIABILITIES CURRENT ASSETS Cash in Bank LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR NET CURRENT ASSETS LIABILITIES: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR NET ASSETS UNRESTRICTED RESERVES Approved by the Trustees of Hackney Lighthouse CIO on Mr. John Parmiter: |
YEAR ENDED 2023 £ 3,823 |
YEAR ENDED 2022 £ - |
|---|---|---|
| - | - | |
| 3,823 | - | |
| YEAR ENDED 2023 YEAR ENDED 2022 £ £ 3,873 50 3,873 50 - - 3,873 50 - - 3,873 50 3,873 50 and signed on their behalf by |
YEAR ENDED 2022 £ 50 |
|
| 50 | ||
| - | ||
| 50 | ||
- |
||
| 50 | ||
| 50 |
HACKNEY LIGHTHOUSE CIO Notes to the Financial Statements for Year Ended 2023
1. ACCOUNTING POLICIES
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:
Basis of accounting
The financial statements have been prepared under the Charities Act 2011 and in accordance with the Charities Statement of Recommended Practice (Charities SORP (FRS 102)). The financial statements are drawn up on the historical cost basis of accounting except for the revaluation of freehold land and buildings which are shown at market value.
The financial statements include all transactions, assets and liabilities for which the trustees are responsible in law.
Going Concern
There are no material uncertainties about the charity’s ability to continue as a going concern and accordingly the accounts have been drawn up on a going concern basis.
Income recognition
Trading income and voluntary income and donations are accounted for once the charity has entitlement to the income, it is probable the income will be received, and the amount of income receivable can be reliably measured. Income from the recovery of tax on gift aided donations is accounted for in the period to which the relevant donation is received. Grant income is recognised on a receivable basis.
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.
Expenditure recognition
Expenditure is accrued as soon as a liability is considered probable, and the amount of obligation can be measured reliably. Longer term liabilities are discounted to present value. The charity is not registered for VAT and accordingly expenditure includes VAT where appropriate.
Charitable expenditure includes those costs in fulfilling the charity’s principal objects, as outlined in the Annual Report. These include governance costs and support costs. Governance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice. These costs include costs related to the independent examination and legal fees.
Debtors
Debtors are included at the settlement amount due. Prepayments are valued at the amount prepaid.
Cash at bank and in hand
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of opening of the deposit.
Hackney Lighthouse CIO Notes to the Financial Statements for Year Ended 2023
Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation arising 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 recognised at their settlement amount.
2. RELATED PARTY TRANSACTIONS
The Trustees made no donations to the Trust during the year.