PORCHLIGHT

Company limited by guarantee

Company Registration Number:
01157482 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

PORCHLIGHT

Contents of the Financial Statements

for the Period Ended 31 March 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

PORCHLIGHT

Directors' report period ended 31 March 2024

The directors present their report with the financial statements of the company for the period ended 31 March 2024

Principal activities of the company

Porchlight is a Kent-based charity supporting people experiencing issues related to poverty, health and housing; with a focus on homelessness, mental health and community development through local delivery programmes.

Political and charitable donations

Porchlight does not make political or charitable donations.

Company policy on disabled employees

We continue to focus on employee wellbeing and introduced a new wellbeing pathway for our workforce ensuring consistent steps of support are offered to our workforce as well as staff development and equality, diversity and inclusion through the implementation of a new learning management system.

Additional information

For further information, please see Porchlight's Annual Report.



Directors

The directors shown below have held office during the whole of the period from
1 April 2023 to 31 March 2024

Hilary Edridge
Patrick Fuller
Timothy Child
Thomas Evans
Stephanie Goad
David Leah
Dr Jenny Robson
Dr Nicholas Ward


The director shown below has held office during the period of
1 April 2023 to 27 February 2024

Sue Baker


The director shown below has held office during the period of
1 April 2023 to 30 June 2023

Naomi Simcox


The director shown below has held office during the period of
1 April 2023 to 10 June 2023

Dominic Deeson


The director shown below has held office during the period of
1 February 2024 to 31 March 2024

Adam Lott


The directors shown below have held office during the period of
27 January 2024 to 31 March 2024

Thomas Abbott
Anne Chapman
Claire Ellis-Waghorn
Danica McLean
Neil Oldfield


The director shown below has held office during the period of
24 May 2023 to 3 July 2023

Simon Langworthy


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
26 March 2025

And signed on behalf of the board by:
Name: Patrick Fuller
Status: Director

PORCHLIGHT

Profit And Loss Account

for the Period Ended 31 March 2024

2024 2023


£

£
Turnover: 12,560,924 13,961,566
Cost of sales: ( 10,831,023 ) ( 12,006,706 )
Gross profit(or loss): 1,729,901 1,954,860
Distribution costs: 0 0
Administrative expenses: ( 2,240,587 ) ( 1,322,160 )
Other operating income: 0 0
Operating profit(or loss): (510,686) 632,700
Interest receivable and similar income: 40,956 17,658
Interest payable and similar charges: ( 75,000 ) 0
Profit(or loss) before tax: (544,730) 650,358
Tax: 0 0
Profit(or loss) for the financial year: (544,730) 650,358

PORCHLIGHT

Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 1,793,366 1,397,617
Investments: 4 400,000
Total fixed assets: 1,793,366 1,797,617
Current assets
Debtors: 5 1,953,726 2,080,053
Cash at bank and in hand: 1,622,696 2,258,638
Investments: 6 325,000
Total current assets: 3,901,422 4,338,691
Creditors: amounts falling due within one year: 7 ( 1,691,149 ) ( 1,587,939 )
Net current assets (liabilities): 2,210,273 2,750,752
Total assets less current liabilities: 4,003,639 4,548,369
Total net assets (liabilities): 4,003,639 4,548,369
Members' funds
Profit and loss account: 4,003,639 4,548,369
Total members' funds: 4,003,639 4,548,369

The notes form part of these financial statements

PORCHLIGHT

Balance sheet statements

For the year ending 31 March 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 26 March 2025
and signed on behalf of the board by:

Name: Patrick Fuller
Status: Director

The notes form part of these financial statements

PORCHLIGHT

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

    Turnover policy

    Income is recognised when the charity has legal entitlement to the funds, any performance conditions attached to the items are met, it is probable that the income will be received and it can be measured reliably.

    Tangible fixed assets depreciation policy

    Individual fixed assets costing £1,000 or more are capitalised at cost. 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: Freehold property - 2% on cost of the building Leasehold property - over the life of the lease Fixtures & fittings - 25% A full year of depreciation is charged in the year of acquisition, and none in the year of disposal.

    Other accounting policies

    The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are set out in the Directors' report.

PORCHLIGHT

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 199 219

PORCHLIGHT

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2023 1,490,087 731,333 2,221,420
Additions 295,242 268,523 563,765
Disposals ( 50,165 ) ( 50,165 )
Revaluations
Transfers
At 31 March 2024 1,785,329 949,691 2,735,020
Depreciation
At 1 April 2023 248,561 575,242 823,803
Charge for year 18,254 137,221 155,475
On disposals ( 37,624 ) ( 37,624 )
Other adjustments
At 31 March 2024 266,815 674,839 941,654
Net book value
At 31 March 2024 1,518,514 274,852 1,793,366
At 31 March 2023 1,241,526 156,091 1,397,617

PORCHLIGHT

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Fixed assets investments note

Investment properties are included in the balance sheet at their open market value. No depreciation is provided on the properties. Net gains and losses on disposal and revaluation of investments are charged or credited to the Statement of Financial Activity (SOFA).

PORCHLIGHT

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Debtors

2024 2023
£ £
Prepayments and accrued income 495,966 279,335
Other debtors 1,457,760 1,800,718
Total 1,953,726 2,080,053
Debtors due after more than one year: 0 0

PORCHLIGHT

Notes to the Financial Statements

for the Period Ended 31 March 2024

6. Current assets investments note

During the year, the Trustees made the decision to sell the Charity's investment property in Deal. As the sale is virtually certain, a transfer has been made between non-current assets and current assets at the value it has been listed for sale. The donor released the restriction attached to this property and therefore it has been transferred to unrestricted funds.

PORCHLIGHT

Notes to the Financial Statements

for the Period Ended 31 March 2024

7. Creditors: amounts falling due within one year note

2024 2023
£ £
Taxation and social security 121,084 116,550
Accruals and deferred income 773,815 852,462
Other creditors 796,250 618,927
Total 1,691,149 1,587,939

PORCHLIGHT

Notes to the Financial Statements

for the Period Ended 31 March 2024

8. Financial Commitments

The total future minimum lease payments under non-cancellable operating leases are stated in the annual report