ids.
Company Reglstratlon No. N1634638 (Northern Ireland)
chartered accountants
THE LIGHTHOUSE IMAGHERAFELT) LTD.
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
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
Balance sheet
Notes to the financial statements
7-10

THE LIGHTHOUSE (MAGHERAFELT) LTD.
ids.
chartered accountants
LEGALAND ADMINISTRATIVE INFORMATION
Trustees
MrA Campbell
Mr G Stewart
Secretary
MrA Campbell
Charity number
106467
Company number
N1634638
Reglstered office
42 Luney Road
MAGHERAFELT
Co Londonderry
BT45 5JW
Independent examlner
IDS Chartered Accountants 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 2024
The trustees present their annual report and financial statements for the year ended 30 November 2024.
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 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 {FRS 1021" (as
amended for accounting periods commencing from 1 January 2018)
Oblectives and activities
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 organisalions 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 lo know God through a personal relationship 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
Ministry
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 rlleet 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
believer5 from other fellowships on Good Friday morning on Slieve Gallion mountain to pray over the community.
Anyone is welcome to attend any of our gathenngs.
Local Community Outreach
Community 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 2023 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
1,504 bags of mini eggs for all of the prisoners and staff in Maghaberry and had the opportunity to distribute
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 organisalion lo support this outreach within the prison.
In June we collaborated with Magherafelt Methodist Church to host a worship night with the visiting worship
team from Tennessee.
Two teams travelled to Milllown, Co Kerry (August and September) to encourage the Milltown prayer group.
We have practically offered assistance lo 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 lo Christians Against Poverty (CAP)
and local food banks.

THE LIGHTHOUSE (MAGHERAFELT) LTD.
ids.
chartered accountants
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024
Overseas
We continue to actively support the ministry work in Dancu, Moldova. Two teams travelled to Dancu this year (May
and August 2024) to offer spiritual encouragement as well as offering training and practical help. We also hosted an
evening with Slavic in Ditty's Bakery in Caslledawson in October which was open to all to learn more about the work
being done in the Dancu community.
A team went to Khovd, Western Mongolia twi￿ (March and November 20241 lo work alongside Mongolia VET Net.
The team also had multiple opportunities to share about the work in Mongolia in our local Community.
Our Fellowship once again supported the Samaritan's Purse online shoe box appeal to provide Christmas shoe box
gifts to children in communities overseas.
Financial revlew
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 date 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 of the Company and
guarantee to contribute £1 in the event of a winding up.
The Trustees, report was approved by the Board of Trustees.
MrAC
Trustee
pb
Mr G Stewart
Trustee
16 June 2025

THE LIGHTHOUSE (MAGHERAFELT) LTD.
ids.
chartered accountants
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE LIGHTHOUSE (MAGHERAFELT) LTD.
I report to the trustees on our examination of the financial statements of The Lighthouse {Magherafelt) Lld (the
charity) for the year ended 30 November 2024.
Responslbilities and basis 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 of the Companies Act 2006.
Having satisfied ourselves that the charity is not subject to audit under company law, and is eligible for independent
exarllination, il is my responsibility to..
examine the accounts under section 65 of the Charities Act {Northern Ireland) 2008.,
follow the procedures laid down in the general Directions given by the Charity Commission for Northern
Ireland under section 6519)Ib) of the Charities Act., and
state whether particular matters have come to my attention.
Independent examiner's statement
I have examined your charity accounts as required under section 65 of the Charities Act and our examination was
carried out in accordance with the general Directions given by the Chanty Commission for Northern Ireland under
section 6519){b) 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. It also includes consideration of any
unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any
such matters.
My role is to state whether any material matter5 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 398 of the Companies Act 2006
and with the methods and principles of the 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
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} to (41 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 1 BG
Dated.. 16 June 2025

THE LIGHTHOUSE (MAGHERAFELT) LTD.
ids.
chartered accountants
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 NOVEMBER 2024
Unrestricted Restricted
funds
funds
2024
2024
Total Unrestricted Restricted
funds
funds
2023
2023
Total
2024
2023
Notes
Income from:
Donations and legacies
1,679
220
1,899
1,799
145
1,944
Total Income
1,679
220
1,899
1,799
145
1,944
Expenditure on..
Charitable activities
1,675
220
1,895
2,213
145
2,358
Total expenditure
1,675
220
1,895
2,213
145
2,358
Net incomellexpenditure) and
movement in funds
14141
14141
Reconciliation of funds:
Fund balances at 1 December
2023
13011
41
12601
113
41
154
Fund balances at 30
November 2024
{2971
41
1256)
13011
41
(2601
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 2024
2024
2023
Notes
Current assets
Cash at bank and in hand
144
140
Creditors: amounts falling due within
one year
14001
(4001
Net current liabilities
12561
(2601
Net assets
12561
(260)
The funds of the ¢harlty
Restricted income funds
Unrestricted funds
41
1297}
41
13011
1256)
12601
The company is entitled lo the exemption from the audit requirement contained in section 477 of the Companies Act
2006, for the year ended 30 November 2024.
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 required the company to obtain an audit of its financial statements for the y ear in question in
accordance with section 476.
These financial staternents have been prepared in accordance with the provisions applicable to companies subject
lo the small companies regime.
The financial statements were approved by the trustees on 16 June 20
pbell
Mr G Stewart
Trustee
Trustee
Company registration number N1634638 (Northern Ireland)

THE LIGHTHOUSE (MAGHERAFELT) LTD.
ids.
chartered accountants
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
Ac¢ounting policies
Charity Information
The Lighthouse {Magherafeltl 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 applicable in the UK and Republic of Ireland
(FRS 1021. {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 financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention.The principal accounting
policies adopted are sel out below.
1.2 Golng concern
The trustees have assessed the charity's financial position, including its current resources, income
expectations, and ongoing outreach opportunities. Based on this assessment, the trustees believe that the
charity has adequate resources to continue its activities for the foreseeable future, being at least 12 months
from the date of approval of the financial statements.
There are no uncertainties that cast significant doubl on the charity's ability to continue as a going concern.
The trustees are satisfied that the charity has reliable income streams to support its operations.
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 statements.
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 recognised 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 at 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 costs related lo the category.
1.6 Cash and cash equivalents
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 2024
Accountlng poll¢les
(Continuedl
1.7 Financlal Instruments
The charity has elected to apply the provisions of Section 11 '8asic Financial Instruments, and Section 12
'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes paty to the
contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when
there is a legally enforceable right lo set off the recognised amounts and there is an intention to settle on a net
basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried at amortised cost using the effective
interest method unless the arrangement constitutes a financing transaction, where the transaction is
measured al the present value of the future receipts discounted at a market rate of interest. Financial assets
classified as receivable within one year are not amortssed.
Baslc financial liabilitles
Basic financial liabilities, including creditors and bank loans are initially recognised al 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 market 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 meihod.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
operations from suppliers. Amounts 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 al amortised cost using the effective interest method.
Derecognition of financlal liabilities
Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or
cancelled
Income frorn donatlons and legacies
Unrestricted Restrlcted
funds
funds
2024
2024
Total Unrestrlcted Restrlcted
funds
funds
2023
2023
Total
2024
2023
Donations and gifts
1,679
220
1,899
1.799
145
1,944

THE LIGHTHOUSE (MAGHERAFELT) LTD.
ids.
chartered accountants
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024
Support costs allocated to activities
2024
2023
Accountancy
420
396
Analysed between..
Accountancy
420
396
Trustees
None ofthe trustees lor any persons connected with them) received any remuneration during the year.
Charitsble activities
2024
2023
Insurance
Praise leaders
Food events
Donations to Prison Ministry
Gifts
Bank charges
272
480
140
260
260
63
272
270
854
510
56
1,475
1,962
Share of support costs {see note 31
420
396
1,895
2,358
Analysls by fund
Unrestricted funds
Restricted funds
1,675
220
2,213
145
1,895
2,358
For the year ended 30 November 2023
Unrestricted funds
Restricted funds
2,213
145
2,358
Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

THE LIGHTHOUSE (MAGHERAFELT) LTD.
ids.
chartered accountants
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024
Creditors: amounts falllng due within one year
2024
2023
Accruals and deferred income
400
400
Analysls of net assets between funds
Unrestricted
funds
2024
Restricted
funds
2024
Total
2024
At 30 November 2024..
Current asselsllliabilitiesl
(2971
41
{256}
(2971
41
{256)
Unrestrl¢ted
funds
2023
Restricted
funds
2023
Total
2023
At 30 November 2023:
Current assetsllliabilities)
(3011
41
12601
(301)
41
12601
Related paty transactions
There were no disclosable related paty transactions during the year (2023 - none).
10-