Docusign Envelope ID: 3A11091F-34DE-460C-B122-3276FED2E7E4
Scottish Charity No. SC032471
Lighthouse Community Church (Scottish Charitable Incorporated Organisation) (Previously known as Lighthouse Central)
Trustees’ Report and Financial Statements For the year ended 31 July 2024
Docusign Envelope ID: 3A11091F-34DE-460C-B122-3276FED2E7E4
Li hthouse Communit Church g y
Contents of the Financial Statements for the year ended 31 July 2024
| Page | |
|---|---|
| Report of the Trustees | 1 - 3 |
| Report of the Independent Examiner | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes to the Financial Statements | 7 - 13 |
Erhvw ID." l4111F4DE4fAl22a27oFED/E4 hthouse Communi Report of the Trusteesfor ihe vear ended 51 Julfv ?0?4 Church The Trustees ePleasedt0presellt their reporttogeiherwjththe fillancial statements of the Ch]ty forthe year ended 31 July 2024. Principal offire and registered office West tA)a Prestonpans EH32 9Nr BkerS Royal BaDk of Scotlatul 12 Brid2e Srreer Musselbur2h EH216AIi Stalus of Charih" and Governing Documents Lighthous¢ Conmiunity Church is a SCIO (Scottish Clwitablc Iucowatcd Orgallisatson) T¢ystct¢d with OSCR (SC032471). The chariry was previously known as Li?bthouse Central which was a cojnpany limired by guarantee (Number SC335205) but the constinjtion was converted to a SCIO on 31 Decen]ber 2024. Alms and afflllatlon The objective of Ihe Charity is the furtherance of the Chn'stian reli?ion in accordance with the bibb'cal teachmg of J¢sus Clllist. Thc outworkg of thi.s will iuclu(k a cl¢at pteseJ)tation of thc t¢aclu"ng of srripturc. acts of service for the kllefii of others. local and inienMtion21 communiry development 2nd networknng with the wider Christiall Con]muniry. The TIStee$ The Tnistess ivho srn'ed the charin. (hirino the !'VaT 2nd iw to the date of ii'ere £ follows" Reci'uitmtDt aDd appoiDttneDt of Tirnstees The Tnlee% may at any t]e aptK)iDi a new nlember. or at Vdch annual genetal meeting the membets may elect any member to be a Trusiee. Ttee5 are given £elleral control and sw)ervision of the activiries of Lighthouse Con]n]uwty Church. In particular they will be responsible for n]onitonng tbe fmancial posjtion. Ai each atjnual genetal meeiing. all the TnteeS shall reiite fronl office. bui SI1 tben be elipble for re- appointnlent. Related pai*ies Foi. tlie Sclll)e enod ois rbar noted above (or throu£bour the year if no period is noiedl. wete also TTUSt¢es of Li?hthouse Con]munity Projecis L10. Siottly laiiry ianN' sei iw io allow ihem to apply for fidIng thai did not sw>pon projecis that are based on religion. allowill? the church to fiwther supp)n the needs of the community. Further details can I found in note 7 of the accounts. lis is a i Achlevements and perforniance Thc Church has continu¢d to ?ath¢r T¢?ularly on Sundays and also in snullcr ?roup scttiiigs throughout the weeklmonth in 'missional colllmunities". The Chutch has colliinued in their mission to follow Jesus. build commllllity and llke a difference in East Lothian. The Church supikns the activity of the Ligbihouse Conullunity Proj¢cts wkn'ch ain]s to nukc a th"ff¢r¢ncc in thc l(Kal aa. ihrough voluntccting ]d paslorally supponillg those who come inio conthci wilh the Fo(thanL Cafe and Toddler grow). The Church has developed links with local schools in Preslonpans. providing reli£ious assemblies as well as Classroo sessions working in paTlnetslu"p with other l(Kal chuTch¢5 and Scripture Union Scotland. Voluntee Thc Trustccs wish to T¢coTd th¢ir appr¢ciation of th¢ T¢nd¢rcd by th¢ volunt¢us who the n]any and varied aciivities of the cbllrclL Pdge I
Docusign Envelope ID: 3A11091F-34DE-460C-B122-3276FED2E7E4
Li hthouse Communit Church g y
Report of the Trustees for the year ended 31 July 2024
Financial review
Principal sources of funding
The charity mainly receives income from donations from members of the congregation.
Results for the year
The financial statements for the year are set out on pages 5 to 13. The Statement of Financial Activities on page 5 reflects a surplus of £7,220 (2023: surplus of £265).
Reserves
It is the policy of the charity to maintain unrestricted funds, ie funds not committed or invested in fixed assets, at a level which equates to approximately six months of unrestricted expenditure, around £41,800. The General Fund on page 5 at 31 July 2024 amounted to £19,127 (2023: £14,700) which is significantly below the required target. The Trustees are monitoring the situation and although the reserves fall below the desired target they are confident they can continue as a going concern and expect the reserves to increase over the coming years. Total reserves, including the net book value of fixed assets and balances on designated funds amounted to £63,145 (2023: £55,925).
Statement on risk
The Trustees have conducted their own review of the major risks to which the charity is exposed, systems have been established to mitigate those risks. Internal risks are minimised by the implementation of procedures for authorisation of all transactions and projects. These procedures are periodically reviewed to ensure that they still meet the needs of the charity.
Plans for the future
Our plans for the future are to continue to grow as a community of disciples following Jesus in East Lothian. We remain committed to the local community through the wider work of the church, and will continue to encourage developing partnerships with local charities.
Trustees’ responsibilities in relation to the financial statements
The charity trustees are responsible for preparing a trustees’ annual report and financial statements in accordance with law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice.)
The law applicable to charities in Scotland requires the charity trustees to prepare financial statements for each year which show a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, of the charity for that period. In preparing the financial statements, the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the method and principles in the applicable Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operational existence.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended) They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the charity and financial information on the congregation’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Page 2
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Li hthouse Communit Church g y
Report of the Trustees for the year ended 31 July 2024
Approved by the Board on 29 April 2025 and signed on its behalf by:
Page 3
Docusign Envelope ID: 3A11091F-34DE-460C-B122-3276FED2E7E4
Li hthouse Communit Church g y
Independent Examiners Report for the year ended 31 July 2024
I report on the accounts of the charity for the year ended 31 July 2024 which are set out on pages 5 to 13.
Respective responsibilities of trustees and examiner
The charity’s trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity’s trustees consider that the audit requirement of Regulation 10(1) (a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44(1) (c) of the Act and to state whether particular matters have come to my attention.
Basis of independent examiner’s statement
My examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes 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 seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given in the accounts.
Independent examiner’s statement
In the course of my examination, no matter has come to my attention:
-
which gives me reasonable cause to believe that in any material respect the requirements:-
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to keep accounting records in accordance with section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations (as amended) and
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to prepare accounts which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations (as amended) have not been met, or
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to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Innes & Partners Limited Chartered Certified Accountants
Innes House 18 Shairps Business Park Houstoun Road Livingston EH54 5FD
Date: 29 April 2025
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Docusign Envelope ID: 3A11091F-34DE-460C-B122-3276FED2E7E4
Lighthouse Community Church
| Statement of Financial Activities For the year ended 31 July 2024 before transfers Represented by: Unrestricted fund General Designated fund Designated assets Restricted fund Memorial Bench fund Total funds Notes Income Donations and legacies 2 Other trading activities 3 Other income 4 Total income Expenditure Charitable activities 5 Total expenditure Net income/(expenditure) Transfers between funds 14 Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
General fund £ 89,073 3,775 53 |
Designated fund £ - - - |
Restricted fund £ - - - |
2024 Total £ 89,073 3,775 53 |
General fund £ 77,406 1,256 48 |
Designated fund £ - - - |
Restricted fund £ - - - |
2023 Total £ 77,406 1,256 48 |
|---|---|---|---|---|---|---|---|---|
| 92,901 | - | - | 92,901 | 78,710 | - | - | 78,710 | |
| 83,641 | 1,900 | 140 | 85,681 | 76,545 | 1,900 | - | 78,445 | |
| 83,641 | 1,900 | 140 | 85,681 | 76,545 | 1,900 | - | 78,445 | |
| 9,260 (4,833) |
(1,900) 4,833 |
(140) - |
7,220 - |
2,165 (4,818) |
(1,900) 4,818 |
- - |
265 - |
|
| 4,427 14,700 |
2,933 41,080 |
(140) 145 |
7,220 55,925 |
(2,653) 17,353 |
2,918 38,162 |
- 145 |
265 55,660 |
|
| 19,127 | 44,013 | 5 | 63,145 | 14,700 | 41,080 | 145 | 55,925 | |
| (Note 14) 19,127 - - |
(Note 14) - 44,013 - |
(Note 15) - - 5 |
19,127 44,013 5 |
14,700 - - |
- 41,080 - |
- - 145 |
14,700 41,080 145 |
|
| 19,127 | 44,013 | 5 | 63,145 | 14,700 | 41,080 | 145 | 55,925 |
All income and expenditure derive from continuing activities.
The notes on pages 7 to 13 form part of these financial statements.
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Docusign Envelope ID: 3A11091F-34DE-460C-B122-3276FED2E7E4
Li hthouse Communit Church g y
Balance sheet As at 31 July 2024
| Notes Fixed assets Tangible assets 10 Total fixed assets Current assets Debtors 11 Cash at bank and in hand Total current assets Liabilities Creditors: falling due within one year 12 Net current assets/(liabilities) Total assets less current liabilities Creditors: falling due after more than one year 13 Total net assets The funds of the charity General fund 14 Designated assets fund 14 Restricted funds 15 Total charity funds |
General fund £ - |
Designated fund £ 77,900 |
Restricted fund £ - |
2024 Total £ 77,900 |
2023 Total £ 79,800 |
|---|---|---|---|---|---|
| - | 77,900 | - | 77,900 | 79,800 | |
| 1,527 21,536 |
- - |
- 5 |
1,527 21,541 |
10,577 7,235 |
|
| 23,063 | - | 5 | 23,068 | 17,812 | |
| (3,936) | (5,035) | - | (8,971) | (7,788) | |
| 19,127 | (5,035) | 5 | 14,097 | 10,024 | |
| 19,127 - |
72,865 (28,852) |
5 - |
91,997 (28,852) |
89,824 (33,899) |
|
| 19,127 | 44,013 | 5 | 63,145 | 55,925 | |
| 19,127 - - |
- 44,013 - |
- - 5 |
19,127 44,013 5 |
14,700 41,080 145 |
|
| 19,127 | 44,013 | 5 | 63,145 | 55,925 |
The financial statements were approved by the Board on 29 April 2025 and signed on their behalf by:
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.
l
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The notes on pages 7 to 13 form part of these financial statements.
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Li hthouse Communit Church g y
Notes to the Financial Statements for the year ended 31 July 2024
1. Accounting policies
Accounting convention
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 issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended)and UK Generally Accepted Accounting Practice.
The accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note to these accounts. The accounts are prepared on a going concern basis as the Trustees consider that there are no material uncertainties about the Church’s ability to continue as a going concern. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £1.
The Charity has taken advantage of the provisions in the SORP for charities applying FRS102 Update Bulletin 1 as published on 2 February 2016 and does not prepare a Statement of Cash Flows.
The Charity meets the definition of a public benefit entity under FRS 102.
Basis of financial statements
The financial statements have been prepared on an accruals basis.
Fund accounting
Funds are classified as either restricted funds or unrestricted funds, defined as follows.
Unrestricted funds are expendable at the discretion of the trustees in furtherance of the objects of the charity. If parts of the unrestricted funds are earmarked at the discretion of the trustees for a particular purpose, they are designated as a separate fund. This designation has an administrative purpose only and does not legally restrict the trustees’ discretion to apply the fund.
Restricted funds are funds subject to specific requirements as to their use which may be declared by the donor or with their authority or created through legal processes, but still within the wider objects of the charity.
Income recognition
All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.
For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled.
For legacies, entitlement is the earlier of the charity being notified of an impending distribution or the legacy being received. At this point income is recognised. On occasion legacies will be notified to the charity however it is not possible to measure the amount expected to be distributed. On these occasions, the legacy is treated as a contingent asset and disclosed.
Income from trading activities includes income earned from fundraising events and trading activities to raise funds for the charity. Income is received in exchange for supplying goods and services in order to raise funds and is recognised when entitlement has occurred.
Interest receivable
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.
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Li hthouse Communit Church g y
Notes to the Financial Statements for the year ended 31 July 2024
Expenditure recognition
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 settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis.
Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.
Charitable Activities
The expenditure on charitable activities includes grants made, governance costs and support costs as shown in the notes.
Donated services and facilities
Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS102) the general volunteer time of congregation members is not recognised.
Fixed assets
Tangible fixed assets
Fixed assets are included at cost. Depreciation is provided at a rate in order to write off each asset over its estimated useful life:
Church building 2% straight line Equipment 25% straight line
Taxation
Lighthouse Community Church is recognised as a charity for the purposes of applicable taxation legislation and is therefore not subject to taxation on its charitable activities. The charity is not registered for VAT and resources expended therefore include irrecoverable input VAT.
Financial instruments
Financial instruments are recognised in the Institute’s balance sheet when it becomes party to the contractual provisions of the instrument.
Basic financial assets , which include debtors 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 at the present value of the future receipts discounted at a market value rate of interest. Financial assets classified as receivable within one year are not amortised.
Cash at bank and in hand includes short term highly liquid bank accounts with a short maturity of three months or less.
Basic financial liabilities , which include creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Pensions
The charity operates a defined contribution scheme. The amount charged to the Statement of Financial Activities in respect of pension costs is the contributions payable in the year.
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Li hthouse Communit Church g y
Notes to the financial statements for the year ended 31 July 2024
| 2. Donations and legacies Tithes Offerings Gift Aid reclaimed Other income Donations and legacies (comparatives) Tithes Offerings Gift Aid reclaimed Other income 3. Other trading activities Rental income Other trading activities (comparatives) Rental income 4. Other income Bank Interest Other income (comparatives) Bank Interest |
General fund £ 47,253 8,004 9,764 24,052 |
Designated fund £ - - - - |
Restricted fund £ - - - - |
2024 2023 Total Total £ £ 47,253 44,247 8,004 2,774 9,764 8,901 24,052 21,484 |
|---|---|---|---|---|
| 89,073 | - | - | 89,073 77,406 |
|
| General fund £ 3,775 |
General fund £ 44,247 2,774 8,901 21,484 |
Designated fund £ - - - - |
Restricted 2023 fund Total £ £ - 44,247 - 2,774 - 8,901 - 21,484 |
|
| 77,406 | - | - 77,406 |
||
| Designated fund £ - |
Restricted fund £ - |
2024 2023 Total Total £ £ 3,775 1,256 |
||
| 3,775 | - | - | 3,775 1,256 |
|
| General fund £ 53 |
General fund £ 1,256 |
Designated fund £ - |
Restricted 2023 fund Total £ £ - 1,256 |
|
| 1,256 | - | - 1,256 |
||
| Designated fund £ - |
Restricted fund £ - |
2024 Total £ 53 2023 Total £ 48 |
||
| 53 | - | - | 53 48 |
|
| General fund £ 48 |
Designated fund £ - |
Restricted fund £ - 2023 Total £ 48 |
||
| 48 | - | - 48 |
Page 9
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Li hthouse Communit Church g y
Notes to the financial statements for the year ended 31 July 2024
| 5. Charitable activities Activity Charitable activities Of which: Relating to unrestricted general funds Relating to unrestricted designated funds Relating to restricted funds 6. Staff costs and numbers Gross salaries Employer's pension |
Staff costs £ 48,512 |
Other direct costs £ 12,863 |
Support costs £ 24,306 |
2024 Total £ 85,681 |
2023 Total £ 78,445 |
|---|---|---|---|---|---|
| 48,512 | 12,863 | 24,306 (Note 9) 22,266 1,900 140 |
85,681 83,641 1,900 140 |
78,445 76,545 1,900 - |
|
| (Note 6) 48,512 - - |
(Note 8) 12,863 - - |
||||
| 48,512 | 12,863 | 24,306 | 85,681 | 78,445 | |
| 2024 £ 47,240 1,272 |
2023 £ 47,413 1,170 |
||||
| 48,512 | 48,583 |
The average number of employees during the year was 3 (2023: 4). No employees received emoluments of more than £60,000.
7. Transactions with Trustees and related parties
There were no transactions with related parties during the year. The Trustees have no financial interest in the charity's surplus or assets and received no remuneration for acting in that capacity. The aggregate value of donations made by Trustees was £20,368 (2023: £25,427).
, is an employee of Lighthouse Community Church. Salary
contributions for Hannah's position as Senior Leader are £21,375 (2023: £21,000).
Throughout the year,
were also Trustees of Lighthouse Community
Projects SCIO, Scottish Charity SC046332. Lighthouse Community Church owns the building that Lighthouse Community Projects operates from. Lighthouse Community Church employs the staff of Lighthouse Community Projects and accounts to HMRC for all PAYE and NI liabilities. Lighthouse Community Projects pays staff directly in line with the payroll records supplied by Lighthouse Community Church.
| 8. Other direct costs Other direct costs: Repairs and maintenance Insurance Loan interest, Prestonpans Equipment costs Youth Support for others Institutional donations: Ghana Adopt a Child Light and Life Scripture Union |
General fund £ 2,472 1,836 2,793 373 1,543 792 2,382 252 300 120 |
Designated fund £ - - - - - - - - - - |
Restricted fund £ - - - - - - - - - - |
2024 Total £ 2,472 1,836 2,793 373 1,543 792 2,382 252 300 120 |
2023 Total £ 1,994 1,152 2,252 2,158 55 - 1,583 432 300 120 |
|---|---|---|---|---|---|
| 12,863 | - | - | 12,863 | 10,046 |
Page 10
Docusign Envelope ID: 3A11091F-34DE-460C-B122-3276FED2E7E4
Li hthouse Communit Church g y
Notes to the financial statements for the year ended 31 July 2024
| 8. Other direct costs (comparatives) Other direct costs: Repairs and maintenance Insurance Loan interest, Prestonpans Equipment costs Youth Institutional donations: Ghana Adopt a Child Light and Life Scripture Union 9. Support costs Utilities Other office expenses Hospitality Other staff costs Training Independent examination Professional fees Depreciation Miscellaneous expenditure Support costs (comparatives) Utilities Other office expenses Hospitality Other staff costs Training Independent examination Professional fees Depreciation Miscellaneous expenditure |
General fund £ 10,958 427 446 159 918 2,178 5,579 - 1,601 22,266 |
General fund £ 1,994 1,152 2,252 2,158 55 1,583 432 300 120 |
Designated fund £ - - - - - - - - - |
Restricted fund £ - - - - - - - - - |
2023 Total £ 1,994 1,152 2,252 2,158 55 1,583 432 300 120 |
|---|---|---|---|---|---|
| 10,046 | - | - | 10,046 | ||
| Designated fund £ - - - - - - - 1,900 - |
Restricted fund £ - - - - - - - - 140 |
2024 Total £ 10,958 427 446 159 918 2,178 5,579 1,900 1,741 |
2023 Total £ 5,600 181 657 266 886 2,178 6,484 1,900 1,664 |
||
| 1,900 | 140 | 24,306 | 19,816 | ||
| General fund £ 5,600 181 657 266 886 2,178 6,484 - 1,664 |
Designated fund £ - - - - - - - 1,900 - |
Restricted fund £ - - - - - - - - - |
2023 Total £ 5,600 181 657 266 886 2,178 6,484 1,900 1,664 |
||
| 17,916 | 1,900 | - | 19,816 |
Page 11
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Li hthouse Communit Church g y
Notes to the financial statements for the year ended 31 July 2024
10. Tangible fixed assets
| Tangible fixed assets | |||
|---|---|---|---|
| Cost At 1 August 2023 At 31 July 2024 Depreciation At 1 August 2023 Charge for year At 31 July 2024 Net book value At 31 July 2024 At 31 July 2023 |
Church property £ 95,000 |
Equipment £ 29,962 |
Total £ 124,962 |
| 95,000 | 29,962 | 124,962 | |
| 15,200 1,900 |
29,962 - |
45,162 1,900 |
|
| 17,100 | 29,962 | 47,062 | |
| 77,900 | - | 77,900 | |
| 79,800 | - | 79,800 |
11. Debtors: amounts falling due within one year
| ebtors: amounts falling due within one year | ebtors: amounts falling due within one year | ebtors: amounts falling due within one year | ebtors: amounts falling due within one year | ||
|---|---|---|---|---|---|
| General Designated Restricted fund fund fund £ £ £ Gift aid recoverable 1,452 - - Other debtors 75 - - 1,527 - - ebtors: amounts falling due within one year (comparatives) General Designated fund fund £ £ Gift aid recoverable 8,899 - Other debtors 1,678 - 10,577 - reditors: falling due within one year General Designated Restricted fund fund fund £ £ £ Church loan - Stewardship - 5,035 - PAYE and social security 604 - - Other creditors 3,332 - - 3,936 5,035 - reditors: falling due within one year (comparatives) General Designated fund fund £ £ Church loan - Stewardship - 4,821 PAYE and social security 541 - Other creditors 2,426 - 2,967 4,821 |
2024 Total £ 1,452 75 |
2023 Total £ 8,899 1,678 |
|||
| 1,527 | 10,577 | ||||
| Restricted fund £ - - |
2023 Total £ 8,899 1,678 |
||||
| 10,577 | - | - | 10,577 | ||
| Designated fund £ 5,035 - - |
Restricted fund £ - - - |
2024 Total £ 5,035 604 3,332 |
2023 Total £ 4,821 541 2,426 |
||
| 3,936 | 5,035 | - | 8,971 | 7,788 | |
| Designated fund £ 4,821 - - |
Restricted fund £ - - - |
2023 Total £ 4,821 541 2,426 |
|||
| 2,967 | 4,821 | - | 7,788 |
Debtors: amounts falling due within one year (comparatives)
12. Creditors: falling due within one year
Creditors: falling due within one year (comparatives)
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Li hthouse Communit Church g y
Notes to the financial statements for the year ended 31 July 2024
13. Creditors: falling due after more than one year
| General Designated fund fund £ £ Church loan - Stewardship - 28,852 - 28,852 Creditors: falling due after more than one year (comparatives) General fund £ Church loan - Stewardship - - |
Restricted fund £ - - Designated fund £ 33,899 33,899 |
2024 Total £ 28,852 28,852 Restricted fund £ - - |
2023 Total £ 33,899 |
|---|---|---|---|
| 33,899 | |||
| 2023 Total £ 33,899 |
|||
| 33,899 |
The church took out a 15 year loan with Stewardship on the 30 April 2015 amounting to £73,500 repayable on the 25th day of each month commencing from 15 May 2015. Interest was charged at 4.25% per annum reduced to 4% per annum from 27 September 2016.
| 14. Unrestricted funds General fund Designated fund Designated assets Total unrestricted funds General fund Designated fund Designated assets Total unrestricted funds |
Balance at 01.08.23 £ 14,700 41,080 55,780 Balance at 01.08.22 £ 17,353 38,162 55,515 |
Income £ 92,901 - 92,901 Income £ 78,710 - 78,710 |
Expenditure £ (83,641) (1,900) (85,541) Expenditure £ (76,545) (1,900) (78,445) |
Transfers £ (4,833) 4,833 - Transfers £ (4,818) 4,818 - |
Balance at 31.07.24 £ 19,127 44,013 |
|---|---|---|---|---|---|
| 63,140 | |||||
| Balance at 31.07.23 £ 14,700 41,080 |
|||||
| 55,780 |
Explanation of funds
The General fund represents all income and expenditure relating to the primary focus activities of the charity, other than those funds held in the designated fund.
The Designated asset fund represents the net book value of the fixed assets owned by the charity less the loan repayable.
| 15. Restricted funds Memorial Bench fund Total restricted funds Memorial Bench fund Total restricted funds |
Balance at 01.08.23 £ 145 145 Balance at 01.08.22 £ 145 145 |
Income £ - - Income £ - - |
Expenditure £ (140) (140) Expenditure £ - - |
Transfers £ - - Transfers £ - - |
Balance at 31.07.24 £ 5 |
|---|---|---|---|---|---|
| 5 | |||||
| Balance at 31.07.23 £ 145 |
|||||
| 145 |
Explanation of funds
The Memorial Bench fund represents income received from offerings towards purchasing a memorial bench for Jacquie Henderson.
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