REGISTERED COMPANY NUMBER: NI693981 (Northern Ireland) REGISTERED CHARITY NUMBER: 109489
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 January 2025
for
Lighthouse Church Donaghadee LTD
MCA Accountants Skeoge Industrial Estate Beraghmore Rd Londonderry Co. Londonderry BT48 8SE
Lighthouse Church Donaghadee LTD
Report of the Trustees for the Year Ended 31 January 2025
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 January 2025. The trustees have adopted the provisions of 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) (effective 1 January 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
NI693981 (Northern Ireland)
Registered Charity number
109489
Registered office
22 ARDMINNAN ROAD PORTAFERRY Co. Down BT22 1QJ
Trustees
R Taylor Director (resigned 30.9.24) G Ireland Mrs J Ireland C Graham Homemaker (appointed 7.1.25) S Graham (appointed 7.1.25)
Company Secretary
Independent Examiner
Michael McAlister MCA Accountants Skeoge Industrial Estate Beraghmore Rd Londonderry Co. Londonderry BT48 8SE
Approved by order of the board of trustees on 1 June 2025 and signed on its behalf by:
G Ireland - Trustee
Page 1
Independent Examiner's Report to the Trustees of Lighthouse Church Donaghadee LTD
Independent examiner's report to the trustees of Lighthouse Church Donaghadee LTD ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 January 2025.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) 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 your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
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.
Michael McAlister The Institute of Chartered Accountants in Ireland
MCA Accountants Skeoge Industrial Estate Beraghmore Rd Londonderry Co. Londonderry BT48 8SE Date: .............................................
Page 2
Lighthouse Church Donaghadee LTD
Statement of Financial Activities for the Year Ended 31 January 2025
| Period | |||
|---|---|---|---|
| 25.1.23 | |||
| Year Ended | to | ||
| 31.1.25 | 31.1.24 | ||
| Unrestricted | Total | ||
| funds | funds | ||
| Notes | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 31,007 | 31,495 | |
| Investment income | 2 | 274 | 108 |
| Total | 31,281 | 31,603 | |
| EXPENDITURE ON | |||
| Raising funds | 3 | 10,797 | 10,218 |
| Other | 7,269 | 3,008 | |
| Total | 18,066 | 13,226 | |
| NET INCOME | 13,215 | 18,377 | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 18,377 | - | |
| TOTAL FUNDS CARRIED FORWARD | 31,592 | 18,377 |
The notes form part of these financial statements
Page 3
Lighthouse Church Donaghadee LTD
Balance Sheet 31 January 2025
| 2025 Unrestricted funds Notes £ FIXED ASSETS Tangible assets 7 2,289 CURRENT ASSETS Cash at bank and in hand 30,602 CREDITORS Amounts falling due within one year 8 (1,299) NET CURRENT ASSETS 29,303 TOTAL ASSETS LESS CURRENT LIABILITIES 31,592 NET ASSETS 31,592 FUNDS 9 Unrestricted funds 31,592 TOTAL FUNDS 31,592 |
2024 Total funds £ 1,984 17,532 (1,139) 16,393 18,377 18,377 18,377 18,377 |
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
Page 4
Lighthouse Church Donaghadee LTD
Balance Sheet - continued
31 January 2025
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 1 June 2025 and were signed on its behalf by:
G Ireland - Trustee
The notes form part of these financial statements
Page 5
Lighthouse Church Donaghadee LTD
Notes to the Financial Statements for the Year Ended 31 January 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
continued...
Page 6
Lighthouse Church Donaghadee LTD
Notes to the Financial Statements - continued for the Year Ended 31 January 2025
2. INVESTMENT INCOME
| 2. | INVESTMENT INCOME | |||
|---|---|---|---|---|
| Period | ||||
| 25.1.23 | ||||
| Year Ended | to | |||
| 31.1.25 | 31.1.24 | |||
| £ | £ | |||
| Deposit account interest | 274 | 108 | ||
| 3. | RAISING FUNDS | |||
| Raising donations and legacies | ||||
| Period | ||||
| 25.1.23 | ||||
| Year Ended | to | |||
| 31.1.25 | 31.1.24 | |||
| £ | £ | |||
| Insurance | 319 | 323 | ||
| Telephone & Internet Costs | 559 | 393 | ||
| Postage and stationery | - | 42 | ||
| Sundries | 65 | 20 | ||
| Support costs | 2,576 | 3,592 | ||
| 3,519 | 4,370 | |||
| Investment management costs | ||||
| Period | ||||
| 25.1.23 | ||||
| Year Ended | to | |||
| 31.1.25 | 31.1.24 | |||
| £ | £ | |||
| Depreciation | 983 | 661 | ||
| Aggregate amounts | 10,797 | 10,218 |
continued...
Page 7
Lighthouse Church Donaghadee LTD
Notes to the Financial Statements - continued for the Year Ended 31 January 2025
4. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| Period | ||
|---|---|---|
| 25.1.23 | ||
| Year Ended | to | |
| 31.1.25 | 31.1.24 | |
| £ | £ | |
| Depreciation - owned assets | 984 | 661 |
| Other operating leases | 3,497 | 3,008 |
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 January 2025 nor for the period ended 31 January 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 January 2025 nor for the period ended 31 January 2024.
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| funds | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 31,495 |
| Investment income | 108 |
| Total | 31,603 |
| EXPENDITURE ON | |
| Raising funds | 10,218 |
| Other | 3,008 |
| Total | 13,226 |
| NET INCOME | 18,377 |
| TOTAL FUNDS CARRIED FORWARD | 18,377 |
continued...
Page 8
Lighthouse Church Donaghadee LTD
Notes to the Financial Statements - continued for the Year Ended 31 January 2025
7. TANGIBLE FIXED ASSETS
| 7. | TANGIBLE FIXED ASSETS | |||
|---|---|---|---|---|
| Fixtures | ||||
| and | ||||
| fittings | ||||
| £ | ||||
| COST | ||||
| At 1 February 2024 | 2,645 | |||
| Additions | 1,289 | |||
| At 31 January 2025 | 3,934 | |||
| DEPRECIATION | ||||
| At 1 February 2024 | 661 | |||
| Charge for year | 984 | |||
| At 31 January 2025 | 1,645 | |||
| NET BOOK VALUE | ||||
| At 31 January 2025 | 2,289 | |||
| At 31 January 2024 | 1,984 | |||
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 2025 | 2024 | |||
| £ | £ | |||
| Trade creditors | (1) | (1) | ||
| Accrued expenses | 1,300 | 1,140 | ||
| 1,299 | 1,139 | |||
| 9. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| At 1.2.24 | in funds | 31.1.25 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 18,377 | 13,215 | 31,592 | |
| TOTAL FUNDS | 18,377 | 13,215 | 31,592 |
continued...
Page 9
Lighthouse Church Donaghadee LTD
Notes to the Financial Statements - continued for the Year Ended 31 January 2025
9. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 31,281 | (18,066) | 13,215 |
| TOTAL FUNDS | 31,281 | (18,066) | 13,215 |
| Comparatives for movement in funds | |||
| Net | |||
| movement | At | ||
| in funds | 31.1.24 | ||
| £ | £ | ||
| Unrestricted funds | |||
| General fund | 18,377 | 18,377 | |
| TOTAL FUNDS | 18,377 | 18,377 | |
| Comparative net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 31,603 | (13,226) | 18,377 |
| TOTAL FUNDS | 31,603 | (13,226) | 18,377 |
continued...
Page 10
Lighthouse Church Donaghadee LTD
Notes to the Financial Statements - continued for the Year Ended 31 January 2025
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 January 2025.
Page 11
Lighthouse Church Donaghadee LTD
Detailed Statement of Financial Activities for the Year Ended 31 January 2025
| Detailed Statement of Financial Activities for the Year Ended 31 January 2025 |
|||||
|---|---|---|---|---|---|
| Period | |||||
| 25.1.23 | |||||
| Year Ended | to | ||||
| 31.1.25 | 31.1.24 | ||||
| £ | £ | ||||
| INCOME AND ENDOWMENTS | |||||
| Donations and legacies | |||||
| Gifts | 31,007 | 31,495 | |||
| Investment income | |||||
| Deposit account interest | 274 | 108 | |||
| Total incoming resources | 31,281 | 31,603 | |||
| EXPENDITURE | |||||
| Raising donations and legacies | |||||
| Insurance | 319 | 323 | |||
| Telephone & Internet Costs | 559 | 393 | |||
| Postage and stationery | - | 42 | |||
| Sundries | 65 | 20 | |||
| 943 | 778 | ||||
| Other trading activities | |||||
| Purchases | 6,295 | 5,187 | |||
| Investment management costs | |||||
| Fixtures and fittings | 983 | 661 | |||
| Other | |||||
| Other operating leases | 3,497 | 3,008 | |||
| Charitable Donations | 2,136 | - | |||
| 5,633 | 3,008 | ||||
| Support costs | |||||
| Management | |||||
| Advertising | 2,576 | 2,271 | |||
| Finance | |||||
| Light and heat | - | 181 | |||
| Governance costs | |||||
| Accountancy and legal fees | 1,636 | 1,140 |
This page does not form part of the statutory financial statements
Page 12
Lighthouse Church Donaghadee LTD
Detailed Statement of Financial Activities for the Year Ended 31 January 2025
| Detailed Statement of Financial Activities for the Year Ended 31 January 2025 |
||
|---|---|---|
| Period | ||
| 25.1.23 | ||
| Year Ended | to | |
| 31.1.25 | 31.1.24 | |
| £ | £ | |
| Total resources expended | 18,066 | 13,226 |
| Net income | 13,215 | 18,377 |
This page does not form part of the statutory financial statements
Page 13
Lighthouse Church Donaghadee LTD
Contents of the Financial Statements for the Year Ended 31 January 2025
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Independent Examiner's Report | 2 | ||
| Statement of Financial Activities | 3 | ||
| Balance Sheet | 4 | to | 5 |
| Notes to the Financial Statements | 6 | to | 11 |
| Detailed Statement of Financial Activities | 12 | to | 13 |