Lighthouse Church Sidmouth
(Registered charity, number 1201103)
Financial statements
For the year ended 31[st] December 2023
Page Contents
2 Trustees’ annual report 5 Independent examiner’s report 6 Receipts & payments account 7 Statement of assets & liabilities 8 Notes to the accounts
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Lighthouse Church Sidmouth
Trustees’ annual report for the year ended 31[st] December 2023
Full name Lighthouse Church Sidmouth
Organisation type Charitable incorporated organisation
Registered charity number 1201103
Principle address
1, West Park Road, Sidmouth, Devon. EX10 9DH
Trustees
Stephen Monk, Howard Maidman, Heike Wolfe (all elected 17[th] November 2022) Jackie Stammers (elected 17[th] November 2022, resigned 1[st] November 2023) Simon Bates (elected 11[th] November 2023)
Independent examiner
Dean Barrow
Governance and management
The charity is operated under the rules of its constitution adopted 17th November 2022.
New trustees are recruited and appointed by a majority of existing trustees for a term of three years.
Objectives and activities
The advancement of the Christian faith primarily but not exclusively within the county of Devon in accordance with the Statement of Faith for the public benefit mainly but not exclusively through the holding of prayer meetings, religious education, conducting religious ceremonies and to provide outreach and pastoral care for the local community.
Public benefit statement
Lighthouse Church Sidmouth meet for Sunday morning services and monthly prayer meetings as well as mid-week meetings in small groups for fellowship, prayer and support.
Lighthouse Church partner with a small number of other charities both locally and further afield to provide financial and prayer support to their own work.
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Lighthouse Church Sidmouth
Summary of main activities undertaken for the public benefit
Lighthouse Church Sidmouth meet for Sunday morning services in a local school at the heart of our community. We welcome visitors and make specific provision for children.
We hold monthly prayer meetings focused on intercession for individual personal needs, local community issues, national and global concerns.
Regular attendees meet mid-week in small groups for fellowship, prayer and support.
Lighthouse Church partner with a small number of other charities both locally and further afield to provide financial and prayer support to their own work.
All of our funds to cover administration costs and giving outside the church are met by discretionary donations from regular attendees, many of whom also give their time volunteering for other local charities working in the community.
Summary of the main achievements during the period
In line with our mission to promote the Christian faith, the church meets for services each Sunday where, typically, we have 30-40 adults and children in attendance on Sundays at our morning service.
There have been special services to focus on local needs and encouragement toward charitable giving.
Members are also encouraged to take part in community activities.
Staffing
Lighthouse Church Sidmouth does not currently (and during the accounting period) have any paid staff and operates entirely with volunteers.
Community, Ministry & Mission
The trustees believe the benefit to the community charities are in line with the stated objectives and our chosen charities align with the objectives.
Lighthouse Church Sidmouth is supporting 3 primary causes and organisations:
Gateway Sidmouth; Offering advice, support and practical help for people facing homelessness or indeed those that are already homeless.
The Lighthouse Community (Poland); a fellowship of friends and pioneers, committed to preaching the Gospel of the Kingdom and making disciples of Jesus across Central and Eastern Europe. YMCA Sidmouth; supporting the local community.
Financial Review
During the year ended 31[st] December 2023 the church made an accounting surplus of £49581
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Lighthouse Church Sidmouth The Chafft5 pollcy on reseThes Currently and durin8 the ac¢ount period, L58hthouse Church Sldmouth do not operate a reserve policy, however the tfU5tees have recognised there may be a future need and this will be revlewed during the next accounting period. CurrÈntly we believe thè risks are low with respect to this a5 the charity is run entirely by volunteers, no employèes at present. $Ied ¢)n beh• oithè charltys trurtee&' Slgned Date 2S
Lighthouse Church Sidmouth Independent examlner's rewt to the trustees of Ll8hthouse Church Sidmouth for the year ended 315t December 2023 I report to the tru5tee5 on my examlnatlon of the accounts of LÈhthouse Church Sldmouth (the charrtyl for the yearended 315t December 2023. Responslbllltles baslsof rnport As trustees of the charlty you are responslble for the preparatlon of the accounts in accordance wlth the requlrements of the Charttles Art 20111.the Act'l. Independent examlnerfs siatement I report In respect of my examlnatlon of the charl5 accounts carried out under secth)n 145 of the 2011 Act and In caryln8 Out my examlnatlon giving me caiJs> to bgli•v• that In any material respect.. l. AccountlnB records were not kept In respect of the charity a5 requlrtd ty sectlon 130 of the Act; or 2. The accounts do not accord wlth those records. I have no concerns and have come acro55 no other matters in connectlon wlth the examlnatlon to which attention should be drawn in thls report in order to enable a proper under*and1d of the accounts to be reached. Slgned Date Dean Barrow Slmon A Martin Accountants
Lighthouse Church Sidmouth
Receipts & payments account
for the year ended 31[st] December 2023
| 2022 | 2023 | 2023 | ||
|---|---|---|---|---|
| Total | Total | |||
| Funds | Funds | |||
| £ | Note | £ | ||
| Receipts | ||||
| Grants & | ||||
| 0 | donations | 1 | 63966.89 | |
| 0 | Gift Aid due | 6251.25 | ||
| 0 | Total receipts | 70218.14 | ||
| Payments | ||||
| 0 | Activities & trips | 21.00 | ||
| 0 | Bank charges | 45.00 | ||
| 0 | Books, training & resources | 109.61 | ||
| 0 | Donations paid | 2 | 8867.00 | |
| 0 | Equipment, repairs & renewals | |||
| 0 | Fundraising & publicity | |||
| 0 | Gifts | 3 | 3150.00 | |
| 0 | Hospitality | 267.01 | ||
| 0 | Independent examination | |||
| 0 | Insurance | 264.42 | ||
| 0 | IT costs | 528.52 | ||
| 0 | Legal & professional | |||
| 0 | Payroll service | |||
| 0 | Printing & stationary | 786.50 | ||
| 0 | Rent & room hire | 3710.00 | ||
| 0 | Staff & volunteer expenses | |||
| 0 | Subscriptions & licences | 631.07 | ||
| 0 | Kids work | 931.40 | ||
| 0 | Safeguarding/ThirtyOneEight | 551.14 | ||
| 0 | Website & Social media | 440.00 | ||
| 0 | Auditor fee | 240.00 | ||
| 0 | Sundry payments | 94.04 | ||
| 0 | Total Payments | 20636.71 | ||
| Net receipts/payments | 49581.43 | |||
| Cash funds at start of this period | ||||
| Cash funds at end of this period | 49581.43 |
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Lighthouse Church Sidmouth
Statement of assets and liabilities
at 31[st] December 2023
----- Start of picture text -----
2022 2023
£ Note £
Cash assets
Stewardship Account 860.00
0 CAF Bank account 4 48961.43
0 49821.43
Other monetary assets
0 Debtors & prepayments 5
0
Assets retained for charities own use
IT equipment £528.52
Liabilities
0 Creditors 6 -240.00
0 -240.00
Total 49581.43
----- End of picture text -----
These financial statements are accepted on behalf of the charity by:
30th June 2024 Signed ______ Date _____
Vincent Wolfe Treasurer, Lighthouse Church Sidmouth
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Lighthouse Church Sidmouth
Notes to the accounts For the year ended 31[st] December 2023
1. Receipts & payments accounts
The account period included two substantial discretionary payments/gifts from Honiton Community Church (of £23078.52 and £5835), which are not expected in future years. Before being incorporated as a charity, many of the church congregation had a connection to Honiton Community Church.
The income has been entirely voluntary gifts from the congregation (and visitors to Sunday morning services). There has been no explicit external fund raising for the church.
2. Grants and donations
Lighthouse Church Sidmouth is supporting 3 primary causes and organisations:
-
Gateway Sidmouth; Offering advice, support and practical help for people facing homelessness or indeed those that are already homeless.
-
The Lighthouse Community (Poland); a fellowship of friends and pioneers, committed to preaching the Gospel of the Kingdom and making disciples of Jesus across Central and Eastern Europe.
-
YMCA Sidmouth; supporting the local community.
There was a further one off gift of £700 to Commission Apostolic Trust.
Note : Both The Lighthouse Community Poland and Commission Apostolic Trust are paid via a thirdparty Stewardship Giving Account. £3000 was transferred to the Lighthouse Church Sidmouth Stewardship account on 29[th] December 2023 (due to new year and bank holiday, the funds did not appear in the Stewardship account until 2[nd] January 2024.
Lighthouse Church Sidmouth has no specific investment policy.
3. Gifts
The church organised special “gift day” requests to help to support both people in need and affected by loss and also to thank some who supported the church during this period.
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Lighthouse Church Sidmouth
Other Notes:
Unrestricted funds
The church did not receive any donations which were restricted in the year.
4. Grants & donations paid
| Turkey Earthquake appeal Gateway Sidmouth Lighthouse Community Poland Commission Apostolic Trust YMCA Sidmouth Steward ship transaction fees Total |
£1377 £2350 £2350 £700 £2000 £90 £8867 |
|---|---|
5. Debtors & prepayments
Gift Aid for period ending 31[st] December 2023 totals £6251.25 (to be claimed in 2024)
6. Creditors
Financial statement Audit £200 + VAT
Glossary of terms
Creditors: These are amounts owed by the charity but not paid during the accounting period.
Debtors: These are the amounts owed to the charity, but not received in the accounting period.
Prepayments: These are services that the charity has paid for in advance but not used during the accounting period.
Restricted funds: these are the funds given to the charity, subject to the specific restrictions set by the donor but still within the general objects of the charity.
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