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2024-03-31-accounts

Company number: 02032711 Charity Number: 296404

Lighthouse Arts and Training Ltd

Report and financial statements

For the year ended 31 March 2024

Lighthouse Arts and Training Ltd

Contents

For the year ended 31 March 2024

Trustees' report .......................................................................................................................... 1 Independent examiner’s report ................................................................................................... 9 Statement of financial activities (incorporating an income and expenditure account) .................. 11 Balance sheet ........................................................................................................................... 12 Statement of cash flows ............................................................................................................ 13 Notes to the financial statements ............................................................................................... 14

Lighthouse Arts and Training Ltd

Trustees’ annual report

For the year ended 31 March 2024

Financial Review

For the financial year ending 31 March 2024 the charity’s total income was £477,183 (2023: £360,043). The total expenditure for the year was £531,793 (2023: £407,548) resulting in net expenditure of £54,610 (2023 expenditure: £47,505).

Net assets are £1,813,537 of which £1,779,891 represents unrestricted reserves. Current assets are £241,579 of which £208,638 is cash in the bank.

Trustee Report 2023-24

The Directors and Trustees present their report and accounts for the year ended 31 March 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 1 of the accounts and comply with the charity's Memorandum and Articles of Association, the Companies Act 2006, and "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 (FRS102) effective 1 January 2015.

Structure, Governance and Management

The charity is constituted as a company limited by guarantee, has no share capital and is therefore governed by a memorandum and articles of association. The directors of the company are also trustees for the purpose of charity law. The Charity is incorporated in England and Wales.

The trustees, who are also the directors for the purpose of company law, and who served during the year were:

1

Lighthouse Arts and Training Ltd

Trustees’ annual report

For the year ended 31 March 2024

Trustees are recruited either at the invitation of the board and Directors, or by selection through an open-call and application process. New appointments are based on an evaluation of current board needs, and made with a view to ensuring the board has the appropriate skills and experience relevant to Lighthouse’s mission and objectives. New trustees are given formal induction training and provided with an induction pack, which includes information on governance, good practice, legal obligations, the Memorandum and Articles of Association and current business plan. None of the trustees and directors has any beneficial interest in the company.

Organisational Structure

The Board of Trustees currently comprises nine members who meet quarterly. Coming from a range of professional backgrounds relevant to the work of the charity, they are responsible for the strategic direction and policy of the charity. They also ensure that the charity fulfils its objectives and complies with the requirements of the Charities Commission.

The day-to-day management is delegated to the Executive Team (Alli Beddoes: Artistic Director/CEO and Emma Wickham: Head of Operations & Special Projects), to ensure that the charity delivers the services of the charity, for fundraising, for the day-to-day operational management of the premises and the supervision of the staff team.

The Trustees are required by law to prepare financial statements for each financial year, which give a true and fair view of the financial activities of the charity and of its financial position at the end of that year. In preparing those financial statements the trustees are required to:

The Board of Trustees is responsible for maintaining proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Board of Trustees is also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention of fraud and other irregularities.

2

Lighthouse Arts and Training Ltd

Trustees’ annual report

For the year ended 31 March 2024

Pay and Remuneration of Key Management Personnel

The pay of the senior staff is reviewed annually, with salaries benchmarked against pay levels in other organisations of a similar nature and size.

Risk Management

Economic and political factors nationally and internationally continue to cause uncertainty and are incorporated into the Business Planning process on a regular basis. External risks to income are reviewed regularly as part of the development and updating of the annual budget, and contingency plans are in place to deal with funding changes.

Key in the management of financial risk is a regular review of available funds to settle debts as they fall due, regular liaison with the bank, and active management of trade debtor and creditor balances to ensure sufficient working capital by the charity. Internal control risks are minimised by the implementation of procedures for authorisation of all transactions and projects. Systems are in place to ensure compliance with the health and safety of employees, volunteers, clients, tenants and visitors, and all staff and volunteers are subject to CRB/DBS checks where necessary. Risks are managed by ensuring robust policies and procedures are in place, and by regular training for staff working in these operational areas.

Public Benefit Statement

We confirm that, under the terms of section 17(5) of The Charities Act 2011, we have complied with our duty to have due regard to the public benefit guidance as published by The Charity Commission.

All our charitable activities, highlighted in the report below, are undertaken in furtherance of our charitable objects and for the public benefit.

Objects of the charity, principal activities and organisation of our work

The charity's objective and principal activity is to promote and encourage art and media culture through training, education, production, exhibition, commissions and networking.

Lighthouse is a leading contemporary arts and digital culture organisation that works to create the best opportunities possible for artists, filmmakers and other creative practitioners to develop, innovate and create. Our commissions, development programmes, exhibitions and events aim to inspire and excite audiences, whilst creating opportunities for people to participate and connect with new ideas and one another.

Working with a wide range of partners from the creative industries, the public sector and education, we have established a strong reputation for designing and delivering high quality

3

Lighthouse Arts and Training Ltd

Trustees’ annual report

For the year ended 31 March 2024

initiatives for established and emerging professionals and young people. We aim to increase skills in, enjoyment of and engagement with, contemporary art, film and technology, and to provide pathways into further education and the creative industries.

Located in central Brighton, our current premises have been in operation since 2006, successfully providing exhibition and events space, training rooms, offices and hire-able facilities for private and public use.

Lighthouse has a significant asset in owning premises for its own use and for commercial income generation, providing increased self-sustainability. Since 2007 we have had full occupancy of the lettable units. We have long-term tenants and a loyal and growing client base, with excellent feedback regularly received regarding our venue and the service we provide. A successful programme of exhibitions, events, talks, screenings and workshops has been delivered within the venue across the year.

Arts Council England removed its legal charge over the building from the Land Registry in 2013, due to their satisfaction with our use of the Capital grant for the purchase of the premises in 2006. As such, there is no longer a restriction on the title for the premises. The Trustees recommend the building, which is presented in this document at cost in the financial statements, should be reevaluated to assess potential to release assets for future charitable work.

Core Programme:

In 2023/24, our core programme at Lighthouse delivered a dynamic range of free events aimed at fostering community engagement, artistic exploration, and meaningful dialogue. Highlighting Lighthouse’s commitment to inspiring dialogue, fostering creativity, and nurturing a more inclusive and sustainable world.

Morning Brew , our monthly meet-up session, offered a warm and informal space for participants to connect with Lighthouse team members over a cup of tea, exchange ideas, and seek guidance on creative opportunities. Our Artists in Conversation series launched with a compelling discussion featuring George Henry Longly, Eddie Peake, and Prem Sahib—the visionary team behind the renowned queer club night, Anal House Meltdown. Their journey, from hosting legendary events in London’s Vogue Fabrics basement to the top of an Italian volcano for the Fiorucci Volcano Extravaganza, highlighted the intersection of art, culture, and nightlife.

In October, film enthusiasts enjoyed Nights In , an intimate screening of Electric Malady (2022) followed by a Q&A with BAFTA-nominated director Marie Lidén, a past participant in our Guiding Lights Feature Focus programme. This emotional documentary explored the challenges of Electromagnetic Sensitivity, offering a poignant look at human resilience. Another Nights In event showcased Joseph Wilson’s powerful short film I Can See the Sun But I Can’t Feel It Yet

4

Lighthouse Arts and Training Ltd

Trustees’ annual report

For the year ended 31 March 2024

(2023), addressing the harrowing realities of conversion therapy. Wilson’s post-screening discussion underscored the importance of LGBTQ+ advocacy and storytelling in driving societal change. For Earth Day , we reflected on humanity’s impact on the environment through a curated selection of films that celebrated the interconnectedness of all living beings. These works served as a call to action for sustainability, justice, and a shared commitment to our planet’s future.

Talent & Professional Development:

In 2023/24, Lighthouse continued to champion education and talent development, fostering a more diverse and inclusive cultural landscape by equipping young people with the skills, confidence, and connections to excel in the creative industries. Our Lighthouse Young Creatives (LYC) programme, now in its third year, provided 16-25-year-olds with a six-month development scheme supported by the Henry Smith Foundation, Chalk Cliff, and sponsors including Storythings, Baxter & Bailey, and MPB. To build on this success, we piloted Future Creative Leaders (FCL) , a 12-month paid initiative led by Bobby Brown, aimed at reimagining cultural leadership and diversifying the sector. Supported by Art Fund’s Reimagine Grants and Chalk Cliff Trust, FCL participants from underrepresented backgrounds worked alongside Lighthouse’s leadership team, co-curating programmes, selecting residency participants, and engaging with innovative governance structures. The programme integrated Trustee Buddies mentorship, delivering vital finance and governance training, with participants creatively documenting their journey to inspire sector-wide change. Both programmes address systemic inequalities, ensuring Brighton & Hove’s thriving creative and digital sector becomes more accessible to young talent from diverse backgrounds, culminating in a showcase of FCL’s achievements

Learning & Participation:

In 2023/24, Lighthouse delivered an ambitious programme of commissions and Open Sessions, celebrating creativity, innovation, and community engagement. At Brighton Festival 2023, artist Amartey Golding debuted a new commission—a lively collaboration with comedian Charlie George and a house band to create a “frankenstein” national anthem in a single evening, blending musical genres and audience participation to humorously explore English identity. Lighthouse also unveiled Make the Ting 360 , a new iteration of DJ and producer Elijah’s creative practice. This one-night-only performance-lecture, developed in collaboration with Lighthouse Young Creatives, combined live music, storytelling, and art installation to inspire fresh approaches to production and creativity. Another notable commission was The Informals II 360 , a reimagined performance by artist duo Polina Medvedeva & Andreas Kühne, building on their earlier residency at Lighthouse. Presented as an immersive audiovisual experience, this new version documented Brighton’s subcultures through live-mixing documentary footage and sound art, featuring local musicians Phonetic, Marshall Mandiangu, and Bobbie Johnson.

5

Lighthouse Arts and Training Ltd

Trustees’ annual report

For the year ended 31 March 2024

Lighthouse’s Open Sessions continued to spotlight diverse creative voices, with panels on performance and cinematic storytelling, and the launch of Dreamy Place , an evolution of Brighton Digital Festival. This community-led programme showcased world-renowned and local artists, cutting-edge digital art, and interactive events, culminating in an immersive club night at Fabrica. With themes like the transformative power of failure and the resilience of creative careers, Lighthouse’s programming reinforced its commitment to supporting inclusive, forwardthinking cultural dialogue.

Principal Funding Sources

Lighthouse's funding comes from a diverse range of sources. In previous years we have relied on NPO for core funding. In November 2022 Arts Council announced that Lighthouse would no longer receive this funding. Since the loss of this, we have had to diversify the funding to ensure the longevity of Lighthouse. In 2023-24 the funding sources include:

Investment Policy

The Board of Trustees will continue to review opportunities available to generate interest on a regular basis.

Reserves Policy

The Board of Trustees has reviewed the charity's needs for reserves in line with the guidance issued by the Charity Commission and in light of the main risks to the organisation.

The Board of Trustees believe that the charity should hold financial reserves because it has no endowment funding and is largely dependent for income upon short-term project funding and rental and premises hire income, which are subject to fluctuation. The Trustees consider it prudent that unrestricted reserves should be sufficient to avoid the necessity for releasing fixed assets held for the charity's use.

6

Lighthouse Arts and Training Ltd

Trustees’ annual report

For the year ended 31 March 2024

The Board has established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets held by the charity should be no less than six months of expenditure, calculated and reviewed annually. Since 2013 the charity has set the reserves target for 6 months of 'operating' expenditure, to reflect the essential and unavoidable costs of maintaining core artistic and business activity for the organisation. Operating expenditure comprises budgeted costs business overheads and core salaries.

This level of reserve would ensure that the charity could run efficiently and meet the needs of beneficiaries in the event of delays in receipt of grants, shortfalls in rental or other unforeseen circumstances.

Going Concern Statement from the Board of Trustees

The Lighthouse Board of Trustees has resolved that preparing the accounts on a going-concern basis is appropriate. On signing these accounts, the Trustees remain confident that Lighthouse will maintain financial stability and long-term viability, allowing it to sustain its mission and impact within the community.

A financial forecast and cashflow projection has been completed. To mitigate the uncertainty of future grant income, the Board has approved obtaining a short-term loan finance secured on the Kensington Street building. The Board of Trustees will review the reserves policy following this development. Two banks have indicated securing finance is highly probable, and a loan application has been made.

Members of the Board of Trustees

Members of the Board of Trustees, who are directors for the purpose of company law and trustees for the purpose of charity law, who served during the year and up to the date of this report are set out on page 1.

In accordance with company law, as the company's directors, we certify that: So far as we are aware, there is no relevant audit information of which the company's auditors are unaware; and as the directors of the company we have taken all the steps that we ought to have taken in order to make ourselves aware of any relevant audit information and to establish that the charity's independent reviewers are aware of that information.

7

Lighthouse Arts and Training Ltd

Trustees’ annual report

For the year ended 31 March 2024

Independent Review

A resolution proposing Sayer Vincent LLP as Independent Reviewers was approved by the Trustees on 22 November 2024.

Approval

Approved by the board of Directors & Trustees signed on its behalf

Jennifer Lloyd (Chair) Lighthouse Arts & Training Ltd

Date: 18 December 2024

8

Independent examiner’s report

to the trustees of

Lighthouse Arts and Training Ltd

Independent examiner’s report to the trustees of Lighthouse Arts and Training Ltd

I report to the trustees on my examination of the accounts of Lighthouse Arts and Training Ltd for the year ended 31 March 2024.

This report is made solely to the trustees as a body, in accordance with the Charities Act 2011. My examination has been undertaken so that I might state to the trustees those matters I am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the trustees as a body, for my examination, for this report, or for the opinions I have formed.

Responsibilities and basis of report

As the charity trustees of the Company you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’) .

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Company’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011 (‘the 2011 Act’).

Independent examiner’s statement

Since the Company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of The Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

9

Independent examiner’s report

to the trustees of

Lighthouse Arts and Training Ltd

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Signed: Name: Judith Miller FCA Address: Sayer Vincent LLP, 110 Golden Lane, London, EC1Y 0TG Date: 19 December 2024

10

Lighthouse Arts and Training Ltd

Statement of financial activities (incorporating an income and expenditure account)

For the year ended 31 March 2024

Total income
Total expenditure
Transfers between funds
Total funds carried forward
Note
Income from:
Donations
2
Charitable activities
3
Other trading activities
4
Expenditure on:
Raising funds
5
Charitable activities
Talent & Professional Development
including talks, podcasts & showcase
events
5
Other trading activities
5
6
Net income / (expenditure) for the year
Net movement in funds
6
Reconciliation of funds:
16a
Total funds brought forward		 Unrestricted
£
20
-
251,985		 Restricted
£
145,308
79,870
-		 477,183
102,720

531,793

(54,610)

-

(54,610)

1,868,147

1,813,537
2024
Total
£





145,328
79,870
251,985


255,114
173,959		 Unrestricted
£
120,805
4,500
227,621		 Restricte
7,117
360,043
-
133,661

9,061
407,548
Re-stated 2023
d
Total
£
£





2,117
5,000
-
122,922
9,500
227,621
9,061
-
117,601
156,286
252,005 225,178 352,926 7,117 360,043
102,720
58,057
173,959		 -
197,058
-		 133,661
108,540
156,286		 -
9,061
-		 133,661


117,601
156,286
334,735 197,058 398,487
9,061
407,548
(5,012)
(82,730)		 28,120
5,012		 (45,561)
-
(1,944)

-
(47,505)

-
(87,742)
1,867,633		 33,132
514		 (45,561)
1,913,194
(1,944)

2,458
(47,505)

1,915,652
1,779,891 33,646 1,867,633
514
1,868,147

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in Note 16a to the financial statements.

11

Lighthouse Arts and Training Ltd

Company no. 02032711

Balance sheet

As at 31 March 2024

Fixed assets:
Tangible assets
Note
11
Net current assets
Total net assets
Total charity funds
Current assets:
Debtors
12
Cash at bank and in hand
Liabilities:
Creditors: amounts falling due within one year
13
The funds of the charity:
16a
Restricted income funds
Unrestricted income funds		 £
32,941
208,638		 1,658,484
1,639,065
1,658,484
1,639,065
310,394
(81,312)
155,053
229,082
1,813,537
1,868,147
1,813,537
1,868,147
23,848
286,546
33,646
1,779,891
514
1,867,633
2024
£
Re-stated 2023
£
£		 1,658,484
1,639,065
1,658,484
1,639,065
310,394
(81,312)
155,053
229,082
1,813,537
1,868,147
1,813,537
1,868,147
23,848
286,546
33,646
1,779,891
514
1,867,633
2024
£
Re-stated 2023
£
£
1,639,065
229,082
241,579
(86,526)
1,868,147
514
1,867,633
1,868,147

The opinion of the directors is that the company is entitled to the exemptions conferred by Section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge the following responsibilities:

Approved by the trustees on 18 December 2024 and signed on their behalf by

Jennifer Lloyd Chair

12

Lighthouse Arts and Training Ltd

Statement of cash flows

For the year ended 31 March 2024

Net cash provided by / (used in) operating activities
Net cash provided by / (used in) investing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the
year
Cash and cash equivalents at the end of the year
Cash flows from operating activities
Net income / (expenditure) for the reporting period
(as per the statement of financial activities)
Depreciation charges
(Increase)/decrease in debtors
Increase/(decrease) in creditors
Cash flows from investing activities:
Purchase of fixed assets		 2024
£
£
15,728
(9,093)
5,214
(54,610)
(35,147)
(42,761)
(35,147)
(77,908)
286,546
208,638		 Re-stated 2023
£
£
17,182
(11,523)
21,071
(47,505)
(20,775)
-
-
(20,775)
307,321
286,546
(35,147) -
208,638 286,546

13

Lighthouse Arts and Training Ltd

Notes to the financial statements

For the year ended 31 March 2024

a) Statutory information

The registered office address is 28 Kensington Street, Brighton, BN1 4AJ.

b) Basis of preparation

The financial statements have been prepared in accordance with 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) - (Charities SORP FRS 102), The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note.

In applying the financial reporting framework, the trustees have made a number of subjective judgements, for example in respect of significant accounting estimates. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The nature of the estimation means the actual outcomes could differ from those estimates. Any significant estimates and judgements affecting these financial statements are detailed within the relevant accounting policy below.

c) Public benefit entity

The charity meets the definition of a public benefit entity under FRS 102.

The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period.

d) Going concern

In consultation with the Financial Subcommittee, the trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

A financial forecast and cashflow projection has been completed. To mitigate the uncertainty of future grant income, the Board has approved two actions. To obtain short term loan finance secured on the Kensington Street building and engage sales agents to sell this building. The Board of Trustees will review the reserves policy following this development. Two banks have indicated securing finance is highly probable and a loan application has been made.

The Trustees remain confident that, through these actions, Lighthouse will maintain financial stability and long-term viability, allowing it to sustain its mission and impact within the community.

e) Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably.

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Income received in advance of the provision of a specified service is deferred until the criteria for income recognition are met.

14

Lighthouse Arts and Training Ltd

Notes to the financial statements

For the year ended 31 March 2024

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.

Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets Unrestricted funds are donations and other incoming resources received or generated for the charitable

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

j) Allocation of support costs

Resources expended are allocated to the particular activity where the cost relates directly to that activity. However, the cost of overall direction and administration of each activity, comprising the salary and overhead costs of the central function, is apportioned on the following basis which are an estimate, based on staff time, of the amount attributable to each activity.

Where information about the aims, objectives and projects of the charity is provided to potential beneficiaries, the costs associated with this publicity are allocated to charitable expenditure.

Governance costs are the costs associated with the governance arrangements of the charity. These costs are associated with constitutional and statutory requirements and include any costs associated with the strategic management of the charity’s activities.

15

Lighthouse Arts and Training Ltd

Notes to the financial statements

For the year ended 31 March 2024

1 Accounting policies (continued)

k) Tangible fixed assets

Items of equipment are capitalised where the purchase price exceeds £500. Depreciation costs are allocated to activities on the basis of the use of the related assets in those activities. Assets are reviewed for impairment if circumstances indicate their carrying value may exceed their net realisable value and value in use.

Where fixed assets have been revalued, any excess between the revalued amount and the historic cost of the asset will be shown as a revaluation reserve in the balance sheet.

Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:

Leasehold Property 0.8% straight line
Leasehold Improvements 10% straight line
Office Equipment 20% straight line
Furniture 20% straight line
Technical Equipment 25% straight line
Bar Equipment 20% straight line

l) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

m) Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

n) Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting 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 normally recognised at their settlement amount after allowing for any trade discounts due.

o) Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

16

Lighthouse Arts and Training Ltd

Notes to the financial statements

For the year ended 31 March 2024

For the year ended 31 March 2024 2024
20
-
Unrestricted
£
Room hire, catering
and bar income
Rental income
Consultancy income
Other income
251,985
2
Income from donations
Unrestricted
£
20
3
Income from charitable activities
-
4
Income from other trading activities
Unrestricted
£
Donations
Sponsorship
Grants receivable for
core activities:
ACE NPO Core Grant
Jonathan Ruffer
Curatorial Grant
DWO RM Main No.1
Core funding -
Grants to support
staff costs
Art Fund
-
-
-
-
-
-
-
-
-
-
-
47,136
200,639
1,000
3,211
Membership income
Brighton Festival
The Sussex
Community
Foundation
Grants receivable for
charitable activities:
Arts Council England
Chalk Cliff
Henry Smith		 20
-
Unrestricted
£
-
-
-
-
-		 -
29,815
Restricted
£
68,313
-
-
2,630
44,550		 20
29,815
2024

Total
£
68,313
-
-
2,630
44,550

269
-


Unrestricted

£



117,108
1,200
2,228
-
-

-
-

Restricted

£





-
-
-
2,117
-

269
-
2023

Total

£





117,108
1,200
2,228
2,117
-
20 145,308 145,328 120,805
Restricted

£
2,117
5,000



-
-
5,000
-
-
-

2023
Total
£
122,922
9,500



4,500
-
5,000



-
-
-
Restricted
£
-
11,000
-
21,870
5,000
42,000
2024
Total
£
-
11,000
-
21,870
5,000
42,000


Unrestricted
£

4,500
-
-



-
-
-
- 79,870 79,870 4,500
Restricted
£
-
-
-
-		 47,136
200,639
1,000
3,211
2024

Total
£





Unrestricted

£
48,981
173,867
2,550
2,223
Restricted

£




-
-
-
-		 48,981
173,867
2,550
2,223
2023

Total

£
251,985 - 251,985
227,621		 -
227,621

17

Lighthouse Arts and Training Ltd

Notes to the financial statements

For the year ended 31 March 2024

5a Analysis of expenditure (current year)

Staff costs (Note 7)
Programme costs
Room hire, catering and bar expenses
Building management costs
Marketing and communications
Professional fees
Depreciation
Office costs
Support costs
Governance costs
Total expenditure 2024
Total expenditure 2023		 64,421
32,005
6,293
102,720
133,661
Raising
funds
£
53,709
-
-
-
10,712
-
-
-		 Charitable activities Other trading
activities
173,959
-
-
173,959
156,286
63,443
-
14,331
96,185
-
-
-
-		 21,923
-
(21,923)
-
-
Governance
costs
£
-
-
-
-
-
21,822
-
101		 111,493
(111,493)
-
-
Support
costs
£
81,368
-
-
-
-
-
15,726
14,399		 531,793
-
-
531,793
2024
Total
£
286,243
72,274
14,331
96,185
10,712
21,822
15,726
14,500		 2023
Total
£
235,456
8,694
9,457
102,311
2,065
14,625
17,182
17,758
Talent & Professional
Development,
including Talks,
Podcasts & Showcase
events
£
87,723
72,274
-
-
-
-
-
-
159,997
79,488
15,630		 407,548
-
-
255,114 407,548
117,601

18

Lighthouse Arts and Training Ltd

Notes to the financial statements

For the year ended 31 March 2024

5b Analysis of expenditure (prior year)

Charitable activities

Charitable activities
Staff costs (Note 7)
Programme costs
Room hire, catering and bar expenses
Building management costs
Marketing and communications
Professional fees
Depreciation
Office costs
Support costs
Governance costs
Total expenditure 2023		 86,906
38,859
7,896
133,661
Raising
funds
£
84,919
-
-
-
1,987
-
-
-		 76,463
34,190
6,947
117,601
Talent & Professional
Development,
including Talks,
Podcasts & Showcase
events
£
67,691
8,694
-
-
78
-
-
-		 Other trading
activities
156,286
-
-
156,286
44,519
-
9,457
102,311
-
-
-
-		 14,843
-
(14,843)
-
Governance
costs
£
-
-
-
-
-
14,625
-
218		 73,049
(73,049)
-
-
Support
costs
£
38,327
-
-
-
-
-
17,182
17,540		 2023 Total
(restated)
£
235,456
8,694
9,457
102,311
2,065
14,625
17,182
17,758
407,548
-
-
407,548

19

Lighthouse Arts and Training Ltd

Notes to the financial statements

For the year ended 31 March 2024

This is stated after charging / (crediting):

This is stated after charging / (crediting):
2024 2023
£ £
Depreciation 15,726 17,182
Auditor's remuneration / Independent Examiner's Fee (excluding VAT):
Audit - 4,900
Independent Examination 3,500 -
Other services 1,500 -
Foreign exchange gains or losses 18 10

7 Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel

Staff costs were as follows:

Staff costs were as follows:
Salaries and wages
Social security costs
Employer’s contribution to defined contribution pension schemes
Freelance staff
Other forms of employee benefits		 2024
£
209,592
12,903
5,349
44,736
13,663		 2023
£
196,452
12,473
5,665
11,125
9,742
286,243 235,456

No employee earned more than £60,000 during the year (2023: nil).

The total employee benefits (including pension contributions and employer's national insurance) of the key management personnel were £47,906 (2023: £45,181).

The charity trustees were neither paid nor received any other benefits from employment with the charity in the year (2023: £nil). No charity trustee received payment for professional or other services supplied to the charity (2023: £nil).

Trustees' expenses represents the payment or reimbursement of travel and subsistence costs totalling £13 (2023: £nil) incurred by 1 (2023: none) member relating to attendance at meetings of the trustees.

8 Staff numbers

The average number of employees (head count based on number of staff employed) during the year was 10 (2023: 9).

Staff are split across the activities of the charity as follows (full time equivalent basis):

Staff are split across the activities of the charity as follows (full time equivalent basis):
Direct charitable work
Administrative		 2024
No.
9
1
2023
No.
8
1
10 9

There are no related party transactions to disclose for this financial year (2023: none).

There are no donations from related parties which are outside the normal course of business and no restricted donations from related parties.

10 Taxation

The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

20

Lighthouse Arts and Training Ltd

Notes to the financial statements

For the year ended 31 March 2024

Tangible fixed assets
Cost
At the start of the year
Additions in year
At the end of the year
Depreciation
At the start of the year
Charge for the year
At the end of the year
Net book value
At the end of the year
At the start of the year		 Leasehold
Property
£
1,883,122
-		 Leasehold
Improvements
£
-
31,500		 Office
equipment
£
146,838
-		 Furniture
£
20,309
-		 Technical
Equipment
£
58,356
3,647		 Bar
Equipment
£
3,590
-		 Total
£
2,112,215
35,147
1,883,122 31,500 146,838 20,309 62,003 3,590 2,147,362
249,040
13,809		 -
929		 146,837
-		 20,308
-		 53,378
988		 3,589
-		 473,151
15,726
262,849 929 146,837 20,308 54,366 3,589 488,878
1,620,273 30,571 1 1 7,637 1 1,658,484
1,634,082 - 1 1 4,978 2 1,639,065

All of the above assets are used for charitable purposes.

12 Debtors

Debtors
Creditors: amounts falling due within one year
Trade creditors
Taxation and social security
Tenants deposit monies
Accruals
Deferred income (note 21)
Trade debtors
Prepayments
Accrued income		 2024
2023
£
£
11,275
13,085
21,666
6,262
-
4,500
32,941
23,848
2024
2023
£
£
45,302
8,439
2,613
14,880
32,611
27,863
6,000
7,630
-
22,500
86,526
81,312

13 Creditors: amounts falling due within one year

14 Deferred income

Deferred income comprises funds from Sussex Community Foundation which was received in advance but related to following financial year for the Lighthouse Young Creatives Programme.

Balance at the beginning of the year
Amount released to income in the year
Amount deferred in the year
Balance at the end of the year		 2024
2023
£
£
22,500
-
(22,500)
-
-
22,500
-
22,500

21

Lighthouse Arts and Training Ltd

Notes to the financial statements

For the year ended 31 March 2024

15a Analysis of net assets between funds (current year)

Tangible fixed assets
Net current assets
Net assets at 31 March 2024
15b Analysis of net assets between funds (prior year)
Tangible fixed assets
Net current assets
Net assets at 31 March 2023		 Unrestricted
£
1,658,484
121,407		 Restricted
£
-
33,646		 Total funds
£
1,658,484
155,053
1,779,891 33,646 1,813,537
Unrestricted
£
1,639,065
228,568		 Restricted
£
-
514		 Total funds
£
1,639,065
229,082
1,867,633 514 1,868,147

16a Movements in funds (current year)

Restricted funds:
UoB internship
Kickstart
Access to work Grant
Art Fund
Henry Smith
Arts Council England
ACE Transition Fund
Make the Ting
Brighton Festival
Total restricted funds
General funds
Total unrestricted funds
Total funds		 At 1 April
2023
Income &
gains
Expenditure
& losses
Transfers
At 31 March
2024
£
£
£
£
£
244
-
-
-
244
21
-
-
-
21
249
-
-
249
-
44,550
(11,418)
-
33,132
-
71,730
(71,730)
-
-
-
23,819
(23,819)
-
-
-
68,313
(73,325)
5,012
-
-
5,766
(5,766)
-
-
-
11,000
(11,000)
-
-
514
225,178
(197,058)
5,012
33,646
1,867,633
252,005
(334,735)
(5,012)
1,779,891
1,867,633
252,005
(334,735)
(5,012)
1,779,891
1,868,147
477,183
(531,793)
-
1,813,537

The narrative to explain the purpose of each fund is given at the foot of the note below.

22

Lighthouse Arts and Training Ltd

Notes to the financial statements

For the year ended 31 March 2024

16b Movements in funds (prior year)

Restricted funds:
UoB internship
Kickstart
Artist Residencies
Access to work Grant
Total restricted funds
General funds
Total unrestricted funds
Total funds		 At 1 April
2022
Income &
gains
Expenditure
& losses
Transfers
At 1 April
2023
£
£
£
£
£
-
1,594
(1,350)
-
244
1,012
2,095
(3,086)
-
21
-
1,200
(1,200)
-
-
1,446
2,228
(3,425)
-
249
2,458
7,117
(9,061)
-
514
1,913,194
352,926
(398,487)
-
1,867,633
1,913,194
352,926
(398,487)
-
1,867,633
1,915,652
360,043
(407,548)
-
1,868,147

Purposes of restricted funds

UoB intership - The University of Brighton paid internship fund was restricted to covering the PAYE costs for a student member of staff employed within the Communications team. The fund's allocation remained static, with no transfers or significant movements recorded in the current or prior financial year.

Kickstart Scheme - The Kickstart Scheme, a government initiative, provided funding to create new employment opportunities for individuals aged 16 to 24 who are on Universal Credit and at risk of long-term unemployment. This restricted fund was allocated to support administrative functions within the organisation. Like the UoB Internship fund, no transfers or significant movements occurred during the current or prior financial year.

Artist Residencies - The Jonathan Ruffer Fund supported the development of Amartey Golding's project "Whose Anthem is it Anyway?", commissioned as part of the Brighton Festival 2023. The funding remained allocated exclusively to this project, with no significant transfers or movements noted in the current or previous financial years.

Access to work Grant - This grant was provided to facilitate practical workplace support, including adjustments to assist a staff member in managing their work-related responsibilities and mental health. The fund was fully utilised for its intended purpose, with no notable movements or transfers recorded in the current or prior year.

Art Fund: Reimagine Workforce Grant - The Art Fund's Reimagine Workforce Grant supported organisational development initiatives. There were no other transfers or notable changes in the use of this fund.

Henry Smith Foundation - The Henry Smith Foundation is funding three iterations of the Lighthouse Young Creatives programme. The funding was exclusively allocated to support the programme's activities & staffing.

Arts Council England - The When I Sound I Am Speaking project, funded by Arts Council England, was successfully delivered and completed in 2023. The funds were fully utilised for this purpose.

ACE Transition Fund - The Arts Council England Transition Programme was established to provide support during the 2022/23 period for National Portfolio Organisations and organisations previously supported through Business Plan funding that were unsuccessful in their applications to the 2023–26 Investment Programme. The fund helped transition towards a new operating model in a managed and orderly manner. No significant transfers or movements were recorded in either the current or prior financial year.

Make the Ting - The Make the Ting event was delivered in December 2023 as a collaborative partnership with The Old Market. Partnership fees and ticket revenue were allocated directly to Lighthouse. There were no significant transfers or movements for this fund in the current or previous financial year.

Brighton Festival - Brighton Festival funded two projects in our ongoing collaboration: Whose Anthem Is It Anyway? and Neolithic Cannibals for the 2023 and 2024 festival years. This fund supported both projects, and no significant transfers or movements were noted in either the current financial year or the previous year.

The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £1.

23