ids.
Company Registration No. N1634638 (Northern Ireland)
chartered accountants
THE LIGHTHOUSE {MAGHERAFELT} LTD.
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
IDS Chartered Accountants LLP
23125 Queen Street
COLERAINE
Co Londonderry
BT52 1BG

THE LIGHTHOUSE (MAGHERAFELT) LTD.
ids.
chartered accountants
CONTENTS
Page
Legal and administrative information
Trustees, report
Independent examiner's report
Statement of financial activities
BalanGe sheel
Notes to the financial statements
7-10

THE LIGHTHOUSE (MAGHERAFELT) LTD.
ids.
chartered accountants
LEGALAND ADMINISTRATIVE INFORMATION
Trustees
MrA Campbell
Mr G Stewart
Secretary
MrACampbell
Charity number
106467
Company number
N1634638
Registered offlce
42 Luney Road
MAGHERAFELT
Co Londonderry
BT45 5JW
Independent examiner
IDS Chartered Accountant5 LLP
23125 Queen Street
COLERAINE
Co Londonderry
BT52 1 BG
Bankers
First Trust Bank
78 Wellington Street
BALLYMENA
Co Antrim
BT43 6AF

THE LIGHTHOUSE (MAGHERAFELT) LTD.
ids.
chartered accountants
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 30 NOVEMBER 2023
The trustees present their annual report and financial statements for the year ended 30 November 2023.
The financial statements have been prepared in accordance with the accounting policies Set out in note 1 to the
financial statements and comply with the charity's governing document, the Companies Ad 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 (FRS 102)" las
amended for accounting periods commencing from 1 January 2016)
Objectlves and actlvltles
1. To advance the Christian religion for the benefit of the public in the area of benefit.
2. Associating together the said inhabitants and the local authorities voluntary and other organisations in the area
of benefit in a common effort to relieve poverty and advance education and to provide facilities in the interests
of welfare with the object of improving the conditions of life for said inhabitants.
The Lighthouse is a fellowship of believers whose purpose is to know God through a personal relalDnship with
Jesus Christ. We equip believers through discipleship for works of service and strive to reach the unreached
community with the Saviour's love by offering support, friendship and love.
Achievements and performance
Mlnlstry
The Lighthouse Fellowship continues to meet twice a week, on Wednesday nights for bible study and in unity with
other believers on Friday mornings for prayer for our community and land. We also meet every 3-4 weeks on a
Sunday around the Word and to share a meal together. As in previous years we gathered together in unity with
believers from other fellowships on Good Friday morning on Slieve Gallion mountain to pray over the community.
Anyone is welcome to attend any of our gatherings.
Local Communlty Outreach
Communily'outreach is a large part of what we do and continues to be the heartbeat of our fellowship. We
continued to offer support and show love within the community throughout this financial year. Examples this year
include..
Over 100 food hampers were given out just prior to Christmas 2022 to those in need of extra support andl
or encouragement. This effort was supported by the Fellowship and we also received additional support
from local businesses and Council.
We continued our weekly ministry with the men in Maghaberry Prison. As a Fellowship we also collected
1,306 bags of mini eggs for all of the prisoners and staff in Maghaberry and had the opportunity to dislribute
them throughout the prison on Good Friday, when four men gave their lives to the Lord. We were blessed
with not only donations from our own fellowship but we also received donations from another fellowship
and organisation 10 5urJport this outreach within the prison.
We collaborated with Magherafelt Methodist Church to do a combined community BBQ, inviting the
residents ofwesleyan Mews.
We have practically offered assistance to people throughout the community by offering pastoral Care,
transportation to medical appointments, assistance with home appliances and furniture. In addition we also
provided assistance with grass cutting and yard clean up where needed.
Through our outreach in the community we continue to refer people to Christians Against Poverty (CAP) and local
food banks.

THE LIGHTHOUSE (MAGHERAFELT) LTD.
ids.
chartered accountonts
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
Overseas
We continue to actively support the ministry work in Dancu, Moldova. Two teams travelled to Dancu to offer spiritual
encouragement as well as offering training and practical help. We also provided a week of respite in Northern
Ireland lo two of the team members from Moldova. In addition. we received another generous donation of new
school clothing and were able to send out seven pallets to support the work in the community.
Ateam also went to Mongolia for three weeks in March 2023 to work alongside Mongolia VET Net.
Our Fellowship once again supported the Samaritan's Purse online shoe box appeal to provide Christsnas shoe box
gifts to children in communities overseas.
Financial review
The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in
place to mitigate exposure to the major risks.
Structure, governance and management
The charity is a company limited by guarantee not having any share capital.
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to
the dale of signature of the financial statements were..
MrA Campbell
Mr G Stewart
None of the trustees has any beneficial interest in the company. All of the trustees are members ofthe company and
guarantee to contribute £1 in the event of a winding up.
The Trustee
ort was approved by the Board of Trustees.
MrA
Trus
mpbell
Mr G Slewart
Trustee
ee
Dale..

THE LIGHTHOUSE (MAGHERAFELT) LTD.
ids.
chartered accountants
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE LIGHTHOUSE {MAGHERAFELT) LTD.
I report lo the trustees on our examination of the financial slalements of The Lighthouse (Magherafelt} Ltd. (the
charity) for the year ended 30 November 2023.
Responslbllltles and basls of report
As the charity trustees (and also the directors of the company for the purposes of company lawl you are responsible
for the preparation of the accounts in accordance with the requirements ofthe Companies Act 2006.
Having satisfied ourselves that the charity is not subject to audit under company law, and is eligible for independent
examination, it is my responsibility to..
examine the accounts under se¢lion 65 ofthe Charities Act (Northern Ireland) 2008.,
follow the procedures laid down in the general Directions given by the Charity Commission for Northern
Ireland under section 65(9)(b) of the Charities Act., and
state whether particular matters have come to my attention.
Independent examlner's statement
I have examined your charity accounts as required under section 65 of the Charities Act and our exarninalion was
carried out in accordance wilh the general Directions given by the Charity Commission for Northern Ireland under
section 65(9llb) of the Charities Act. The examination included a review of the accounting records kept by the
charity and a comparison of the accounts presented with those records. 11 also includes consideration of any
unusual items or disclosures in Ihe accounts, and seeking explanations from you as charity trustees concerning any
such matters.
My role is to state whether any matertal matters have come to our attention giving me cause to believe=
That accounting records were not kept in accordance with section 386 of the Companies Act 2006
That the accounts do not accord with those accounting records
That the accounts do not comply with the accounting requirements of section 396 of the Companies Act 2006
and with the methods and principles of the Charities Statement of Recommended Practice applicable to
Charities preparing their a¢count5 in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland
That there is further information needed for a proper understanding of the accounts to be reached.
I have completed our examination and have no concerns in respect of the matters (1) to14} listed above and, in
connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters
that require drawing to your attention.
Alison Wallace
Chartered Accountant
IDS Chartered Accountants LLP
23125 Queen Street
COLERAINE
Co Londonderry
BT52 1BG
Dated.. .I.-.fi.-.￿..

THE LIGHTHOUSE (MAGHERAFELT) LTD.
ids.
chartered accountants
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 NOVEMBER 2023
Unrestricted Restricted
funds
funds
2023
2023
Total Unrestricted Restricted
funds
funds
2022
2022
Tota I
2023
2022
Notes
Income from:
Donations and legacies
1,799
145
1,944
2,137
720
2,857
Total income
1,799
145
1,944
2,137
720
2,857
Expenditure on:
Charitable activities
2,213
145
2,358
2,224
720
2.944
Total expenditure
2,213
145
2.358
2,224
720
2,944
Net expenditure and
movement in funds
(414)
{414)
(871
(87)
Reconciliation of funds..
Fund balances at 1 December
2022
113
41
154
200
41
241
Fund balances at 30
November 2023
{301)
41
1260}
113
41
154
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure
derive from continuing activities.

THE LIGHTHOUSE (MAGHERAFELT) LTD.
ids.
chartered accountants
BALANCE SHEET
AS AT 30 NOVEMBER 2023
2023
2022
Notes
Current assets
Cash at bank and in hand
140
554
Creditors: amounts falling due within
one year
(4001
(400)
Net current Iliabilities)lassets
(260>
154
Net assets
(260}
154
The funds of the charity
Restricted income funds
Unre51ricted lunds
41
1301}
41
113
(2601
154
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act
2006, for the year ended 30 November 2023.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006
with respect to accounting records and the preparation of financial statements.
The members have not reqLrired the company to obtain an audit of its financial statements for the year in question in
accordan￿ with section 476.
These financial statements have been prepared in accordance with the pr
lothes
I companies regime.
ons applicable to companies subject
hef
I statements were approved by the tr
&tees on
Campbell
ustee
G Stewart
ee
Company registration number N1634638 (Northern Ireland)

THE LIGHTHOUSE {MAGHERAFELT) LTD.
ids.
chartered accountants
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
Accounting poll¢les
Charity information
The Lighthouse {Magherafell) Ltd. is a private company limited by guarantee incorporated in Northern Ireland.
The registered office is 42 Luney Road, MAGHERAFELT. Co Londonderry, BT45 5JW.
1.1 Accounting convention
The financial statements have been prepared in accordance with 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 applicab5e in the UK and Republic of Ireland
IFRS 102}. (as amended for accounting periods commencing from 1 January 2016). The charity is a Public
Benefit Entity as defined by FRS 102.
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.
The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary
amounts in these finanGial statements are rounded to the nearest £.
The financial stalements have been prepared under the historical cost convention.The principal accounting
policies adopted are set out below.
1.2 Going concern
At the lime of approving the financial statements. the trustees have a reasonable expectation that the charity
has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees
conlinue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable
objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The
purposes and uses of the restricted funds are set out in the notes to the financial slatements.
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met,
the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are reGognised on receipt. Other donations are recognised once the charity has been notified
of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in
relation to donations received under Gift Aid or deeds of covenant is recognised al the time of the donation.
1.5 Expenditure
All expenditure is accounted for on an accruals basis and had been classified under headings that aggregate
all cosls related lo the category.
1.6 Cash and cash equlvalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, Other short-term liquid
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.

THE LIGHTHOUSE (MAGHERAFELT) LTD.
ids.
chartered accountants
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
Accounting policies
(Continued}
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured al
transaction price including transaction costs and are subsequently carried at amortised cost using the effective
interest method unless the arrangement constilules a financing transaction, where the transaction is
measured at the present value of the future receipts discounted at a market rate of interest. Financial assets
classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless
the arrangement constitutes a financing transaction, where the debt instrument is measured at the present
value of the future payments discounted at a markel rate of interest. Financial liabilities classified as payable
within one year are not amortised.
Debt instruments are subsequently carried at amortised Cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
operations from suppliers. Amounls payable are classified as current liabilities if payment is due within one
year or less. If not, they are presented as non-currenl liabilities. Trade creditors are recognised initially at
transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or
cancelled.
Income from donations and legacles
Unrestricted Restricted
funds
funds
2023
2023
Total Unrestricted Restricted
funds
funds
2022
2022
Totsl
2023
2022
Donations and gifts
1,799
145
1,944
2.137
720
2,857
Support costs allocated to activitie5
2023
2022
Accountancy
396
436
Analysed between:
Accountancy
396
436
Trustees
None of the trustees (or any persons connected with them} received any remuneration during the year.

THE LIGHTHOUSE (MAGHERAFELT) LTD.
ids.
chartered accountants
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
Charitable activities
2023
2022
Insurance
Praise leaders
Food events
Donations to Prison Ministry
Gifts
Bank charges
272
270
228
80
984
854
510
56
1,160
56
1,962
2,508
Share of support Costs (see note 31
396
436
2,358
2,944
Analysis by fund
Unrestricted funds
Restricted funds
2,213
145
2,224
720
2,358
2,944
For the year ended 30 November 2022
Unrestricted funds
RestriGted funds
2,224
720
2.944
Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
Creditors: amounts falllng due withln one year
2023
2022
Accruals and deferred income
400
400

THE LIGHTHOUSE (MAGHERAFELT) LTD.
ids.
chartered accountants
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
Analysls of net assets between funds
Unrestrlcted
funds
2023
Restrlcted
funds
2023
Total
2023
At 30 November 2023:
Current assetsllliabilitiesl
13011
41
1260>
13011
41
1260}
Unrestricted
funds
2022
Restricted
funds
2022
Total
2022
At 30 November 2022:
Current assetsllliabilitiesl
113
41
154
113
41
154
Related party transactions
There were no disclosable related paty transactions during the year {2022 - none).
10-