LIGHTHOUSE NAVIGATION NE COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
13754080 (England and Wales)

Unaudited statutory accounts for the year ended 5 April 2024

Period of accounts

Start date: 6 April 2023

End date: 5 April 2024

LIGHTHOUSE NAVIGATION NE COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 5 April 2024

Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

LIGHTHOUSE NAVIGATION NE COMMUNITY INTEREST COMPANY

Profit And Loss Account

for the Period Ended 5 April 2024

2024 17 months to 5 April 2023


£

£
Turnover: 32,328 60,701
Gross profit(or loss): 32,328 60,701
Administrative expenses: ( 40,243 ) ( 46,176 )
Operating profit(or loss): (7,915) 14,525
Interest receivable and similar income: 85
Interest payable and similar charges: ( 959 )
Profit(or loss) before tax: (8,789) 14,525
Tax: ( 1,470 )
Profit(or loss) for the financial year: (10,259) 14,525

LIGHTHOUSE NAVIGATION NE COMMUNITY INTEREST COMPANY

Balance sheet

As at 5 April 2024

Notes 2024 17 months to 5 April 2023


£

£
Fixed assets
Tangible assets: 3 2,119 4,405
Total fixed assets: 2,119 4,405
Current assets
Cash at bank and in hand: 18,523 10,447
Total current assets: 18,523 10,447
Creditors: amounts falling due within one year: 4 ( 5,126 ) ( 327 )
Net current assets (liabilities): 13,397 10,120
Total assets less current liabilities: 15,516 14,525
Creditors: amounts falling due after more than one year: 5 ( 11,250 )
Total net assets (liabilities): 4,266 14,525
Members' funds
Profit and loss account: 4,266 14,525
Total members' funds: 4,266 14,525

The notes form part of these financial statements

LIGHTHOUSE NAVIGATION NE COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 5 April 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 2 January 2025
and signed on behalf of the board by:

Name: Deborah Robson
Status: Director

The notes form part of these financial statements

LIGHTHOUSE NAVIGATION NE COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 5 April 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Tangible fixed assets depreciation policy

    Tangible Fixed Assets are stated at historical cost less depreciation. Depreciation is charged over the following periods: Equipment: Computer equipment - 3 years Other equipment - 2 years

LIGHTHOUSE NAVIGATION NE COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 5 April 2024

  • 2. Employees

    2024 17 months to 5 April 2023
    Average number of employees during the period 2 2

LIGHTHOUSE NAVIGATION NE COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 5 April 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 6 April 2023 5,036 1,418 6,454
Additions 94 94
Disposals ( 96 ) ( 96 )
Revaluations
Transfers
At 5 April 2024 5,130 1,322 6,452
Depreciation
At 6 April 2023 1,616 433 2,049
Charge for year 1,843 441 2,284
On disposals
Other adjustments
At 5 April 2024 3,459 874 4,333
Net book value
At 5 April 2024 1,671 448 2,119
At 5 April 2023 3,420 985 4,405

LIGHTHOUSE NAVIGATION NE COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 5 April 2024

4. Creditors: amounts falling due within one year note

2024 17 months to 5 April 2023
£ £
Trade creditors 41 327
Other creditors 5,085
Total 5,126 327

Other 'creditors - amounts falling due within one year' includes £3000 of Directors' loans.

LIGHTHOUSE NAVIGATION NE COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 5 April 2024

5. Creditors: amounts falling due after more than one year note

2024
£
Other creditors 11,250
Total 11,250

Other 'creditors - amounts falling due after one year' represents the balance of Directors' loans due.

COMMUNITY INTEREST ANNUAL REPORT

LIGHTHOUSE NAVIGATION NE COMMUNITY INTEREST COMPANY

Company Number: 13754080 (England and Wales)

Year Ending: 5 April 2024

Company activities and impact

Lighthouse Navigation NE Community Interest Company (LNNE) was founded in 2021. The directors saw a need to provide support for people (students) who fall through the gaps due to mental health issues, disabilities, complex needs, trauma and anxiety, and for those students who have been unable to progress within normal educational environments. During 2023-2024, LNNE has offered a safe place where the students have been able to engage in a holistic approach to education and mental health awareness. The students have been encouraged to develop an understanding of their giftings, and to look at their belief systems which, in many cases, have affected them in a negative way. The students have begun to work as a team and explore their abilities through the courses on offer. One-to-one counselling has also been available to the students. Many of the students have become volunteers in the wider community, some are now in employment, and others have built up life skills, which are transferable. Several students, who have previously described themselves as lonely, have made friends and now work within LNNE community based at Westfield Farm, Dormanstown, Redcar. LNNE has also partnered with Beyond Housing to provide support to these students as they explore opportunities to reach their full potential. The Department of Work and Pensions (DWP) refer their clients to us, as do Redcar Borough Council. Funding by Awards for All has allowed us to deliver the following activities and courses: Natural Remedies Mental Health Awareness Functional Skills Menopause Awareness Dyslexia Awareness Counselling Food hygiene Seed to table Cooking healthy on a budget Holistic treatments All these activities have built confidence, self-worth and self-esteem in the students. The activities have encouraged the students to meet their goals, forge stronger friendships and develop connections with their local communities.

Consultation with stakeholders

The Company’s stakeholders are the students, the businesses that employ us to deliver courses, Beyond Housing, the grant funders and those who use LNNE for improvement of their mental health and their well-being and employability. The stakeholders are consulted on a regular basis. For example, students are asked at the end of each teaching session, through a series of questions and conversations, about what they have learnt, how they feel within each session, and how LNNE could change anything to improve their offering. The students are also asked to articulate what they have learned during their times of reflection, to ensure that they have a voice. This feedback is recorded in the students’ learning plans and detail their aims, objectives, progression and next steps. Business stakeholders are asked for feedback through a sequence of formal meetings. Grant funders are invited to visit at any time. They are invited to attend any of the regular open days at Westfield Farm. LNNE also provide detailed reports setting out exactly how the funding has been spent, the progress the students have made, and the continuous improvements made through the feedback received from both students and the grant funders.

Directors' remuneration

The total amount paid or receivable by directors in respect of qualifying services was £28,789.24. There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
19 December 2024

And signed on behalf of the board by:
Name: Deborah Robson
Status: Director