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← The Lighthouse for Perth

2024-12-31-accounts

Charity registration number SC046186 (Scotland)

THE LIGHTHOUSE FOR PERTH SCIO

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

THE LIGHTHOUSE FOR PERTH SCIO

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees

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(Appointed 20 August 2025)

Charity number (Scotland) SC046186 Principal address The Neuk 18 St Paul's Square PERTH PH1 5QW Independent examiner MMG Archbold Ltd Chapelshade House 78-84 Bell Street Dundee Angus DD1 1RQ Bankers TSB PO Box 373 Leeds LS14 9GQ

THE LIGHTHOUSE FOR PERTH SCIO

CONTENTS

Page
Trustees' report 1 - 4
Statement of trustees' responsibilities 5
Independent examiner's report 6
Statement of financial activities 7
Balance sheet 8
Notes to the financial statements 9 - 19

THE LIGHTHOUSE FOR PERTH SCIO

TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

The trustees present their annual report and financial statements for the year ended 31 December 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 constitution, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) 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)" (effective 1 January 2019).

Objectives and activities

The organisation is established for charitable purposes only and in particular the objectives are:

Beneficiaries

Accommodating a person who is at crisis point will not only benefit the individual but will reduce demand on other agencies e.g. CAMHS, Police, Social Services, Scottish Fire and Rescue, Accident and Emergency departments. We will then, in turn, signpost them to other agencies where appropriate but will be available as a support should they enter crisis again.

By being a service for people in crisis we aim to reduce anxiety caused, this should also minimise the attendance of emergency services which can escalate situations where a person is at crisis point. The area within which the organisation shall operate is Perth and Kinross.

Summary of the main activities

The Lighthouse Perth charity has evolved from an awareness and fundraising movement and in January 2020, was officially established as an operational safe space in Kinnoull Street by manager Sharon Thomas. Kinnoull Street allowed volunteers to provide a support line and had hoped to develop into a drop-in centre. The demand for The Lighthouse services grew quickly and in March 2020 we worked in collaboration with Anchor House to secure new premises and moved into the joint premises of The Neuk in June 2020.

Services have developed rapidly driven by the rapid increase in the identification of youth mental health needs, particularly in the younger age bracket. The Lighthouse Perth accepts referrals for children aged 12+ but can take younger children with parental consent and involvement. Adherence to the principles and values of GIRFEC (getting it right for every child) are at the forefront of everything we do and protective factors are always of paramount consideration with all our service users.

Schools Support and Community Outreach Support

The Lighthouse is uniquely placed to provide crisis support for young adults. Currently support is provided at 5 city centre and 6 rural secondary schools across Perth and Kinross.

The Lighthouse are also delivering preventative training for young people through the Mental Health Ambassador Programme.

Schools, Social Services, Police Scotland, youth workers, families and other relevant agencies also refer young people in crisis either to the local school outreach support, or directly to The Lighthouse.

THE LIGHTHOUSE FOR PERTH SCIO

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

Achievements and performance

Significant activities and achievements against objectives

It has been a very busy year and the Board of 7 trustees and management have achieved a lot in the last year.

Manager Sharon Thomas reports every quarter to the Board to give information on referrals, trends and outcomes.

Most referrals came from schools (64%) with 14% from family or carers and 12% from other professional such as GP and health professionals. 68% were female. 30% male and 2% non-binary or preferred not to say.

The 4 most common presenting issues were self-harm, suicidal thoughts, depression/low mood and anxiety. Other issues of note are self-esteem/confidence, exam stress/school issues, social interaction/peer relationship and family relationship, home issues and sleep..

All rapid response calls were responded to on the same day. All parents are supported when a rapid response is triggered.

It is important to ensure work is focused and achieving outcomes to enable spaces for new referrals.

Risk groups - issues identified:

The vast majority of family members receiving support closed and reported positive outcomes.

Challenges:

Successes:

The Lighthouse for Perth has evidenced the organisation is very flexible and responsive to needs and changing situations.

THE LIGHTHOUSE FOR PERTH SCIO TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Flnanclal revlew Results for the year ended 31 December 2024 are given in the Ststemenl of Financial Activitie5. The assets and liabilities are detailed on the Balance Sheet. Th8 Stst8m8nt of Financial Acts"viti8s shows a nèt infiow of funds for th8 y•ar of £52,83312023 £216,257). This, addad to tha funds brought for￿ard of £468,739 givès a surplus to carry foThvard of £521,572. Th• closing r8sèNès arè mada up of rèstrictèd rèsarvas of £25,845 and unrastrictad rasèrvès of £495,727. Full détails of incomè and •xp¢ndilur• ar• sol out in th¢ not•$ lo financial $tst¢m¢nl$. The financial slalemenls summarise the charity's IransaclKJns for the year and its financial posf(ion al the end of that year and demonstrate how expenditure in th8 year has supported th8 kèy obiectivos of the charity. In the opinion of th8 managamènt commrttae tho charity is in a sufficiantly strong financial position to continu8 its oparations And plan$ for tho lores￿•blO fvture. Thg main source of fvnding for 2024 h45 con51519d of PKC Education & Children's Sgrvices contract lendèr, fundraising, donations and grant income received. During th8 year, th8 charity'5 monager, Sharon Thomas, has excelled in bringing in grant incom8. As lo be 8xpeclod, the growth of the charity has r8sullod in increased monthly &xp8nditur8 and an increas8 in staffing lo meet d•mand. The charity's budget includes wovision for staffing, sèssional staff wag•$, training, m•tèrial$ for adv•rtiying, social modia ot¢. Reseples Pollcy We ar8 in a position whare we aro not a commissioned service bul fvlfilling tha rol8 of ono within statutory education across Porth & Kinross. PKC Education are facing signrficanl budgat cuts at pres8nl and for at least the next fv40 yèars this is axycttd to ￿ th8 sama. Having rèc8ivad a significant sum of funding from tham in 2023, wa are now rèlying on thosè fvnd$ to $00 us through tho noxt 213 yèars whoro funding will bè signrficandy rostrict&d. R•c¢iving Ih¢se fvnd$ allowed us to ¢xpand our $¢rvi¢¢$, more than doubling our client ba$• which ha$ $ignifi¢•nl ¢ost implications for u5, $0 lo continuo to moel this demand and growth will roly heavily on the fr90 reserves we currendy hold. We also continuo 10 grow within our provonlion work as wo11 as maintain our inlorvonlion strategy and this also incurred additional costs which we are ablo to fvnd from our fr88 r888rves. We do. how8vor, look fopNard lo p8riod in the fiJtur8 where economical stabilty will allow us to work within a mor• r￿sonabl0 r8s•rv8s but until that timè, ￿ have alrèady revi8w8d and updatèd our pdicy in May 2024 to indicato tho néèd for • minimum of 12 months res¢rvo$ to b¢ held due lo tho ¢rili¢al naluw ol the work wo ¢arry out. Th• ¢lo$ing unr•slrict•d fvnd$ at 31 D•c•mb•r 2024 amountsd to £495,72712023 - £446,304). Th• ros•rv•g policy ha5 boon met. Plan$ lor future perlod$ After anothor y￿r of rapid growth the charity will look to consolidate its current S8rvic8s. In collaboration with an extemal consultant and service usèr fèedback, Tha Lighthousè has reviewed and updatèd its crisès management plan, safèty planning, rèferral form$ and other area$ of the servi¢e$ it provides. Structure, governance and management The Lighlhou5e for Perth was incorrKraled on 8 Decemker 2015 and registered with the Office of the Scottish Charty Regulator a5 an SCIO Iscottish Charitable Incorp)raled Organisalionl under charity number SC046186 on that date. Tho charty has a singla tier structure and as such the trustegs are thg membors of tho charty. The trustees ivho served durin the year up lo the date of signatu￿ of the financial $latements were: IResignod 21 August 20241 (Resigned 21 August 20241 (Appoint￿ 20 August 20251

THE LIGHTHOUSE FOR PERTH SCIO

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

Trustee Recruitment and Training

A combination of advertising/interviewing and by invitation based on knowledge skills needed/recognised is used to recruit new trustees for Lighthouse. They are then invited to a Trustee board meeting and a vote of election is completed by the current serving trustees. All Trustee related matters are taken by the board by the way of representation vote where as all day to day operational running of the charity decisions are taken by the Operations Manager and supported by the Trustees when appropriate. All new Trustees are provided with our trustee handbook, a copy of our constitution and are also offered a day’s shadowing with our Operations Manager, Sharon to get a feel for how we operate on a day to day basis. Our Operations Manager also provides all trustees with quarterly reports / stats detailing the work carried out within each quarter.

AGM

The AGM was held on 21 August 2024.

It has been a very busy year and the Board of 7 trustees and management have achieved a lot in the last year.

Manager Sharon Thomas reports every quarter to the Board to give information on referrals, trends and outcomes.

The trustees' report was approved by the Board of Trustees.

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20 August 2025

THE LIGHTHOUSE FOR PERTH SCIO

STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 31 DECEMBER 2024

The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in Scotland requires the trustees to prepare financial statements for each financial year which give 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 year.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 and the provisions of the trust deed. 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 LIGHTHOUSE FOR PERTH SCIO

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF THE LIGHTHOUSE FOR PERTH SCIO

I report on the financial statements of the charity for the year ended 31 December 2024, which are set out on pages 7 to 19.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the financial statements in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. The charity trustees consider that the audit requirement of Regulation 10(1)(a)-(c) of the Charities Accounts (Scotland) Regulations 2006 does not apply.

It is my responsibility to examine the financial statements as required under section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005 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 financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking 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 by the financial statements.

Independent examiner's statement

In the course of my examination, no matter has come to my attention

  1. which gives me reasonable cause to believe that in any material respect the requirements:

  2. to keep accounting records in accordance with Section 44(1)(a) of the Charities and Trustee Investment (Scotland) Act 2005 and Regulation 4 of the Charities Accounts (Scotland) Regulations 2006, and

  3. to prepare financial statements which accord with the accounting records and comply with Regulation 8 of the Charities Accounts (Scotland) Regulations 2006

have not been met, or

  1. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.

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MMG Archbold Ltd Chapelshade House 78-84 Bell Street Dundee Angus DD1 1RQ 21 August 2025

THE LIGHTHOUSE FOR PERTH SCIO

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2024

Unrestricted
Restricted
funds
funds
2024
2024
Notes
£
£
Income from:
Donations and legacies
3
234,519
33,400
Other trading activities
4
8,600
-
Total income
243,119
33,400
Expenditure on:
Charitable activities
5
193,696
29,990
Total expenditure
193,696
29,990
Net income and movement in
funds
49,423
3,410
Reconciliation of funds:
Fund balances at 1 January
2024
446,304
22,435
Fund balances at 31
December 2024
495,727
25,845		 Total
Unrestricted
Restricted
funds
funds
2024
2023
2023
£
£
£
267,919
325,184
85,824
8,600
-
-
276,519
325,184
85,824
223,686
119,497
75,254
223,686
119,497
75,254
52,833
205,687
10,570
468,739
240,617
11,865
521,572
446,304
22,435		 Total
2023
£
411,008
-
411,008
194,751
194,751
216,257
252,482
468,739

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

THE LIGHTHOUSE FOR PERTH SCIO

BALANCE SHEET

AS AT 31 DECEMBER 2024

Notes
Fixed assets
Tangible assets
10
Current assets
Debtors
11
Cash at bank and in hand
Creditors: amounts falling due within
one year
12
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after
more than one year
13
Net assets
The funds of the charity
Restricted income funds
15
Unrestricted funds
16		 2024
£
2,348
529,288
531,636
(20,928)		 £
10,864
510,708
521,572
-
521,572
25,845
495,727
521,572		 2023
£
1,830
472,734
474,564
(8,724)		 £
18,131
465,840
483,971
(15,232)
468,739
22,435
446,304
468,739

The financial statements were approved by the trustees on 20 August 2025

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THE LIGHTHOUSE FOR PERTH SCIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

1 Accounting policies

Charity information

The Lighthouse for Perth SCIO is a Scottish Charitable Incorporated Organisation (SCIO) governed by its constitution. The principal address of the charity is 18 St Paul's Square Perth, PH1 5QW.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's constitution, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended), FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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). 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 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 set out below.

1.2 Going concern

At the time 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 continue 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 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.

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

THE LIGHTHOUSE FOR PERTH SCIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

1 Accounting policies

(Continued)

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings 33% straight line basis per annum Motor vehicles 20% straight line basis per annum

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 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.

1.9 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic 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 party 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 to 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 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.

THE LIGHTHOUSE FOR PERTH SCIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

1 Accounting policies

(Continued)

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 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 method.

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-current 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.

1.10 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.12 Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to net income/(expenditure) for the year so as to produce a constant periodic rate of interest on the remaining balance of the liability.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

THE LIGHTHOUSE FOR PERTH SCIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

2 Critical accounting estimates and judgements

(Continued)

Critical judgements

Accruals

Accruals are applied at the year end based upon financial costs received post year end and the experience of the Trustees.

Depreciation

Depreciation is calculated to write off the assets over their estimated useful lives.

3 Income from donations and legacies

Unrestricted
Restricted
funds
funds
2024
2024
£
£
Donations and gifts
65,450
-
Grants
169,069
33,400
234,519
33,400
Grants
Perth and Kinross Council
169,069
-
Corra Foundation
-
-
PKAVS
-
-
The Wood Foundation
-
-
Dance Project
-
20,000
Mental Health
Ambassadors
-
13,400
169,069
33,400		 Total
Unrestricted
Restricted
funds
funds
2024
2023
2023
£
£
£
65,450
65,053
-
202,469
260,131
85,824
267,919
325,184
85,824
169,069
252,431
40,000
-
2,700
4,000
-
-
41,824
-
5,000
-
20,000
-
-
13,400
-
-
202,469
260,131
85,824		 Total
2023
£
65,053
345,955
411,008
292,431
6,700
41,824
5,000
-
-
345,955

4 Income from other trading activities

Unrestricted Unrestricted
funds funds
2024 2023
£ £
Fundraising events 8,600 -

THE LIGHTHOUSE FOR PERTH SCIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

5 Expenditure on charitable activities

Direct costs
Staff costs
Depreciation and impairment
Marketing
Running costs
Property lease
Volunteer costs
Business consultancy
Client support costs
Bank charges
Interest on hire purchase
Postage, stationery and delivery costs
Sundry expenses
Insurance
Telephone
Repairs and renewals
Motor expenses
Share of support and governance costs (see note 6)
Governance
Analysis by fund
Unrestricted funds
Restricted funds		 Young
people
support
2024
£
170,886
8,105
5,810
6,752
10,008
3,888
894
648
-
1,702
2,059
2,109
1,826
2,091
130
1,832
218,740
4,946
223,686
193,696
29,990
223,686		 Young
people
support
2023
£
150,815
7,825
3,347
4,389
10,008
3,718
1,683
608
4
1,440
425
636
222
1,709
527
2,007
189,363
5,388
194,751
119,497
75,254
194,751
6 Support costs allocated to activities
Young people Total
support
2024 2023
£ £
Governance 4,946 5,388

THE LIGHTHOUSE FOR PERTH SCIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

6
Support costs allocated to activities
Governance costs comprise:
Audit fees
Accountancy		 (Continued)
2024
2023
£
£
2,250
2,766
2,696
2,622
4,946
5,388		 (Continued)
2024
2023
£
£
2,250
2,766
2,696
2,622
4,946
5,388
5,388

7 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year (2023 - £nil).

8 Employees

The average monthly number of employees during the year was:

Employment costs
Wages and salaries
Social security costs
Other pension costs
There were no employees whose annual remuneration was more than £60,000.
Remuneration of key management personnel
The remuneration of key management personnel was as follows:
Aggregate compensation		 2024
2023
Number
Number
5
5
2024
2023
as restated
£
£
159,406
141,925
8,722
6,698
2,758
2,192
170,886
150,815
2024
2023
£
£
55,678
52,539		 2023
Number
5
150,815
2023
£
52,539

9 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

THE LIGHTHOUSE FOR PERTH SCIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

10
Tangible fixed assets
Fixtures and
fittings
£
Cost
At 1 January 2024
9,019
Additions
838
At 31 December 2024
9,857
Depreciation and impairment
At 1 January 2024
5,345
Depreciation charged in the year
3,286
At 31 December 2024
8,631
Carrying amount
At 31 December 2024
1,226
At 31 December 2023
3,674
11
Debtors
Amounts falling due within one year:
Prepayments and accrued income
12
Creditors: amounts falling due within one year
Notes
Obligations under finance leases
Other taxation and social security
Accruals and deferred income
13
Creditors: amounts falling due after more than one year
Notes
Obligations under finance leases		 Motor
vehicles
£
24,095
-
24,095
9,638
4,819
14,457
9,638
14,457
2024
£
2,348
2024
£
14,809
3,207
2,912
20,928
2024
£
-		 Total
£
33,114
838
33,952
14,983
8,105
23,088
10,864
18,131
2023
£
1,830
2023
£
2,326
3,025
3,373
8,724
2023
£
15,232

THE LIGHTHOUSE FOR PERTH SCIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

14 Retirement benefit schemes
2024 2023
Defined contribution schemes £ £
Charge to profit or loss in respect of defined contribution schemes 2,758 2,192

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

15 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 January Incoming Resources At 31
2024 resources expended December
2024
£ £ £ £
Perth and Kinross Council 611 - (611) -
PKAVS 21,824 - (21,824) -
Dance Project - 20,000 (2,262) 17,738
Mental Health Ambassadors - 13,400 (5,293) 8,107
22,435 33,400 (29,990) 25,845
Previous year: At 1 January Incoming Resources At 31
2023 resources expended December
2023
£ £ £ £
Perth and Kinross Council 11,865 40,000 (51,254) 611
Corra Foundation - 4,000 (4,000) -
PKAVS - 41,824 (20,000) 21,824
11,865 85,824 (75,254) 22,435

Restricted Funds

The grant received from Perth and Kinross Council is restricted for the purpose of the Manager's salary, volunteer upskilling and other volunteer costs.

The Corra Foundation award is restricted to salaries, training and resources.

The grant received from PKAVS is restricted for salaries.

The Dance Project was funded to promote mental health by way of non competitive dance.

Mental Health awareness is a pilot project in two Perthshire secondary schools (Breadalbane Academy and Blairgowrie High School).

THE LIGHTHOUSE FOR PERTH SCIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

16 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1
General funds
Previous year:
At 1
General funds
Analysis of net assets between funds
At 31 December 2024:
Tangible assets
Current assets/(liabilities)
At 31 December 2023:
Tangible assets
Current assets/(liabilities)
Long term liabilities		 January
2024
Incoming
resources
Resources
expended
At 31
December
2024
£
£
£
£
446,304
243,119
(193,696)
495,727
January
2023
Incoming
resources
Resources
expended
At 31
December
2023
£
£
£
£
240,617
325,184
(119,497)
446,304
Unrestricted
Restricted
Total
funds
funds
2024
2024
2024
£
£
£
10,864
-
10,864
484,863
25,845
510,708
495,727
25,845
521,572
Unrestricted
Restricted
Total
funds
funds
2023
2023
2023
£
£
£
18,131
-
18,131
443,405
22,435
465,840
(15,232)
-
(15,232)
446,304
22,435
468,739

17 Analysis of net assets between funds

THE LIGHTHOUSE FOR PERTH SCIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

18 Operating lease commitments

Lessee

The operating lease represent lease of office to third parties. The lease is on a month to month basis, with a 3 month notice period. There are no options in place for either party to extend the lease terms.

At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

2024 2023
£ £
Within one year 2,502 2,502

THE LIGHTHOUSE FOR PERTH SCIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2024

19 Related party transactions

Transactions with related parties

During the year the charity rented it's premises from Anchor House Cyrenians, a charity which one of the trustees, Derek Given, has day to day operational control. The amount of rent paid was £10,008 (2023 - £10,008)