Registered Charity Number 1190570
Lighthouse Pedagogy Trust (CIO)
Trustees Report and Annual Accounts
For The Year Ended
31 August 2022
Lighthouse Pedagogy Trust (CIO) Report and accounts Contents
| Page | |
|---|---|
| Trustees' Report | 1 |
| Statement of Trustees' responsibilities | 5 |
| Independent Examiners report | 6 |
| Summary of Receipts and Payments | 8 |
| Statement of Assets & Liabilities | 9 |
| Notes to the accounts | 11 |
| Detailed Analysis of Receipts and Payments | 12 |
| Analysis of Funds | 12 |
Lighthouse Pedagogy Trust (CIO) Charity Information
Trustees
Jacob Curtis Naomi Hulston Eva Sprecher Edward Davison
Accountants
Birchtree Sullivan 58 Marsh Wall Canary Wharf London E14 9TP
Bankers
Natwest Bank PLC
Registered office
Lighthouse Pedagogy Trust (CIO) 27 Pear Tree Street London EC1V 3AG
Registered number
1190570
1
Lighthouse Pedagogy Trust (CIO)
The report of the trustees for the year ended 31 August 2022
Introduction
The trustees present their annual report and accounts for the year ended 31st August 2022.
The board of trustees are satisfied with the performance of the charity during the year and the position at 31st August 2022 and consider that the charity is in a strong position to continue its activities during the coming year, and that the charity's assets are adequate to fulfil its obligations.
Name, registered office and constitution of the charity
The legal registration details are :
Date of formation 27/07/2020 The Principal Office is 27 Pear Tree Street, London EC1V 3AG Charity Registration Number 1190570 - The telephone number is
Objectives and Activities of the Charity
A summary of the objectives of the charity as set out in its governing document.
Objectives
To relieve the needs of children who are in or leaving the care system by providing support to charities, or other organisations working to relieve the needs of such children.
Public benefit that is provided by the charity
We confirm that the Trustees have had regard to the guidance issued by the Charity Commission on public benefit, in deciding on the activities of the CIO.
2
Lighthouse Pedagogy Trust (CIO)
The report of the trustees for the year ended 31 August 2022
Achievements and Performance of the Charity
A review of charitable activities undertaken by the charity
The CIO monitors and supports, in accordance with a collaboration agreement between it and Catch22 Charity Limited, the progress and operations of a children’s care home project. That project is housed within Catch22’s corporate structure and by agreement uses the Lighthouse Pedagogy Trust name.
The CIO earnt £76,198 in income from grants and donations in the reporting year. The CIO used these funds to pay for part of the refurbishment of the first children’s home opened by the project and expenditure to cover administrative costs of the CIO.
Summary of the main achievements of the charity during the year
Opening of the First Children’s Home
In February 2022, with the support of grants and funds raised by the CIO, Lighthouse Pedagogy Trust were able to open their first children’s home in Sutton. This marks a significant milestone in the mission of the organisation to be able to change the lives of children in care. The first home is a platform on which to demonstrate the model of care and will act as the basis for future homes. Learnings from this home and how the space is used will inform future children’s home projects.
Fundraising
Lighthouse Pedagogy Trust organised a group to participate in the 55-mile bike ride from London to Brighton to raise money to support the organisation. The bike ride will take place in September 2023, and to date several thousand pounds in donations have been collected in support of this event.
Monitoring and Advisory
The CIO provided regular monitoring and advisory support for the development, opening and operations of the first children’s home.
.
Structure, Governance and Management
Nature of the Governing Document and constitution of the charity
The Charity is incorporated and governed by its own Foundation constitiution. The trustees have overall control and responsibility for policy and major decision making.
3
Lighthouse Pedagogy Trust (CIO)
The report of the trustees for the year ended 31 August 2022
The methods adopted for the recruitment and appointment of new trustees
Other than the Trustees and those persons connected with them there are no individuals who are related parties.
Details of transactions with related parties are shown in the notes to the accounts. This includes remuneration and expenses paid to Trustees.
Apart from the first charity trustees, every trustee appointment must be by resolution passed at a properly convened meeting of the charity trustees. In selecting individuals for appointment as appointed charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of Lighthouse Pedagogy Trust (CIO).
No third party has a right to appoint a Trustee.
Financial Review
Policies on reserves
The trustees have resolved to establish reserves to provide for future activities, and to provide funding for the expected expenditure for six months ahead in the sum of £10,026.
The members of the Board of Trustees of the Charity during the year ended 31st August 2022 were:
Jacob Curtis Naomi Hulston - From 22nd Aug’ 22 Eva Sprecher Edward Davison Christopher Wright - 1st Sep’ 21 to 20th Jun’ 22
The members of the Board of Trustees of the Charity at the date the report and accounts were approved were:-
Jacob Curtis Naomi Hulston Eva Sprecher Edward Davison
Independent Examiner
MD Dilwar Hussain -FCCA Chartered Certified Accountant Birchtree Sullivan 58 Marsh Wall Canary Wharf London E14 9TP
4
Lighthouse Pedagogy Trust (CIO)
The report of the trustees for the year ended 31 August 2022
Statement of Trustees' Responsibilities
The Charities Act and the Companies Act require the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Board is required to:-
-
select suitable accounting policies and then apply them consistently;
-
make judgements and estimates that are reasonable and prudent; and
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
-
state whether applicable accounting standards and statements of recommended practice have been followed , subject to any material departures disclosed and explained in the financial statements;
The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with the Companies Act 2006 and comply with regulations made under the Charities Act. 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.
The trustees are also responsible for the contents of the trustees' report, and the responsibility of the independent examiner in relation to the trustees' report is limited to examining the report and ensuring that, on the face of the report, there are no inconsistencies with the figures disclosed in the financial statements.
This report was approved by the board of trustees on 29 June 2023.
Jacob Curtis Trustee
5
Lighthouse Pedagogy Trust (CIO) Independent Examiner's Report to the trustees of the charity
Report of the Independent Examiner to the trustees
on the accounts of the Charity for the year ended 31 August 2022
I report on the financial statements of the Charity on pages 7 to 11 for the year ended 31st August 2022 which have been prepared on a Receipts and Payments basis. A Receipts and Payments basis does not account for debtors, creditors, accruals and prepayments, but such a presentation is permitted by law for smaller charities.
Respective responsibilities of trustees and examiner
As described on page 5 , the Charity's trustees are responsible for the preparation of the accounts. The trustees are satisfied that the audit requirement of Section 144(1)) of the Charities Act 2011 (the Act) does not apply, and that there is no requirement in the governing document or constitution of the Charity for the conducting of an audit. As a consequence, the trustees have elected that the accounts be subject to independent examination.
Having satisfied myself that the charity is not subject to audit, and is eligible for independent examination, it is my responsibility to:-
a) examine the accounts under section 145 of the Act;
b) to follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5))(b) of the Act; and;
c) to state whether particular matters have come to my attention.
Basis of opinion and scope of work undertaken
I conducted my examination in accordance with the General Directions given by the Charity Commissioners for England & Wales in relation to the conducting of an independent examination, referred to above. An independent 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 such matters.
The procedures undertaken do not provide all the evidence that would be required in an audit, and information supplied by the trustees in the course of the examination is not subjected to audit tests or enquiries, and consequently I do not express an audit opinion on the view given by the accounts, and in particular, I express no opinion as to whether the accounts give a true and fair view of the affairs of the charity, and my report is limited to the matters set out in the statement below.
I planned and performed my examination so as to satisfy myself that the objectives of the independent examination are achieved and before finalising the report I obtain written assurances from the trustees of all material matters.
10
Independent Examiner's Statement, report and opinion
Subject to the limitations upon the scope of my work as detailed above, in connection with my examination, I can confirm that this is a report in respect of an examination carried out under section 145 of the Act and in accordance with any directions given by the Commission under subsection (5)(b) of that section which are applicable;
and that, no matter has come to my attention in connection with my examination which gives me reasonable cause to believe that in any material respect the requirements
(i) to keep accounting records in accordance with section 130 of the Act;
(ii) to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Act;
have not been met; or
to which, in my opinion, attention should be drawn in my report in order to enable a proper understanding of the accounts to be reached;
The Examiner's relevant professional qualification or body: Chartered Certified Accountant
MD Dilwar Hussain -FCCA Chartered Certified Accountant Birchtree Sullivan 58 Marsh Wall Canary Wharf London E14 9TP
The date upon which my opinion is expressed is: 20/06/2023
MD Hussain
11
Lighthouse Pedagogy Trust (CIO) Statement of Receipts and payments for the year ended 31 August 2022
| Revenue Receipts Donations received Total Revenue Receipts A1 Payments Total Revenue Payments A3 Total Payments Net Receipts Net Surplus Payments relating directly to charitable activities Total Receipts from all sources |
Unrestricted Restricted Total Last Year Funds Funds Funds Total Funds 2022 2022 2022 2021 £ £ £ £ 4,948 71,250 76,198 - 4,948 71,250 76,198 - 4,948 71,250 76,198 - 1,148 65,023 66,171 - 1,148 65,023 66,171 - 1,148 65,023 66,171 - 3,800 6,227 10,027 - 3,800 6,227 10,027 - |
|---|---|
14
Lighthouse Pedagogy Trust (CIO) Statement of Assets and Liabilities as at 31 August 2022
| Unrestricted | Restricted | Total | Last Year | ||
|---|---|---|---|---|---|
| Funds | Funds | Funds | Total Funds | ||
| 2022 | 2022 | 2022 | 2021 | ||
| £ | £ | £ | £ | ||
| Cash funds | |||||
| Cash and bank balances at start of year | - | - | - | - | |
| Surplus on Receipts and Payments Account | 3,800 | 6,227 | 10,027 | - | |
| Cash and bank balances at the end | |||||
| of the year | B1 | 3,800 | 6,227 | 10,027 | - |
Jacob Curtis Chairman Approved by the board of trustees on 29 June 2023
The notes on pages 11-12 form an integral part of these accounts.
15
Lighthouse Pedagogy Trust (CIO) Notes to the Accounts for the year ended 31 August 2022
1 The nature and purpose of each fund
The funds have been separated in accordance to the projects carried out by Lighthouse Pedagogy Trust (CIO).
LandAid Charitable Trust has awarded a grant of £75,000 to Lighthouse for the final piece of funding needed for the refurbishment of the Children's home which is in restricted funds.
2 Statement that no remuneration was paid to a trustee or any persons connected with them
No remuneration was paid to any trustee or any person connected with a trustee.
17
Lighthouse Pedagogy Trust (CIO) Analysis of Receipts and Payments for the year ended 31 August 2022
| Lighthouse Pedagogy Trust (CIO) Analysis of Receipts and Payments for the year ended 31 August 2022 |
||||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | Prior Period | |
| Funds | Funds | Funds | Total Funds | |
| 2022 | 2022 | 2022 | 2021 | |
| £ | £ | £ | £ | |
| Receipts | ||||
| Donations | 4,948 | 71,250 | 76,198 | 0 |
| Payments | ||||
| Payments relating directly to charitable activities | ||||
| Support costs of charitable activities | ||||
| Direct support costs | ||||
| Childrens Home | - | 65,023 | 65,023 | - |
| - | 65,023 | 65,023 | - | |
| Management and administration costs | ||||
| in support of charitable activities | ||||
| - | - | - | - | |
| Premises Costs | ||||
| Insurance | 1,148 | - | 1,148 | - |
| 1,148 | - | 1,148 | - | |
| Total Support costs | 1,148 | 65,023 | 66,171 | - |
| Governance costs that are not direct management functions | inherent in | generating | ||
| funds, service delivery and programme or project work | ||||
| Independent Examiner's Fees | - | - | - | - |
| Total governance costs | - | - | - | - |
18
Lighthouse Pedagogy Trust (CIO)
Analysis of funds for the year ended 31 August 2022
3 Analysis of unrestricted funds
| Donations Received Total unrestricted receipts Unrestricted Payments Payments relating directly to charitable activities Governance costs: Audit / independent examination Sub total Total unrestricted payments Net receipts / (payments) Transfers to / (from) funds Surplus / (deficit) for year |
General Donations 4,948 4,948 Insurance 1,148 1,148 1,148 3,800 - 3,800 |
- - - - - - - |
- - - - - - - - |
- - - - - - - - |
Total £ 4,948 4,948 Total £ 1,148 - - - 1,148 1,148 3,800 - 3,800 |
Total last period £ - Total last period £ - - - - - |
|---|---|---|---|---|---|---|
1
Lighthouse Pedagogy Trust (CIO)
Analysis of funds for the year ended 31 August 2022
4 Analysis of restricted funds
| Restricted Receipts Donations Received Total restricted receipts Restricted Payments Payments relating directly to charitable activities Total restricted payments Net receipts / (payments) Transfers to / (from) funds |
LandAid Charitable Trust 71,250 71,250 Childrens Home 65,023 65,023 6,227 - |
- - - - - - |
- - - - - - |
- - - - - - - |
Total £ 71,250 71,250 Total £ 65,023 - 65,023 6,227 - |
Total last period £ - Total last period £ - - - |
|---|---|---|---|---|---|---|
2