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REGISTERED COMPANY NUMBER: 05218144 (England and Wales)
REGISTERED CHARITY NUMBER: 1110619














Report of the Trustees and

Audited Financial Statements for the Year Ended 31 August 2024

for

THE LIGHTHOUSE CHAPEL INTERNATIONAL

THE LIGHTHOUSE CHAPEL INTERNATIONAL

Contents of the Financial Statements
for the Year Ended 31 August 2024










Page

Reference and Administrative Details 1

Report of the Trustees 2 to 6

Report of the Independent Auditors 7 to 10

Statement of Financial Activities 11

Balance Sheet 12

Cash Flow Statement 13

Notes to the Cash Flow Statement 14

Notes to the Financial Statements 15 to 22

THE LIGHTHOUSE CHAPEL INTERNATIONAL

Reference and Administrative Details
for the Year Ended 31 August 2024



TRUSTEES J Baiden
E Ansa - Asamoah
Mrs A Rodman-Tay Director (appointed 21.9.23)


COMPANY SECRETARY J Hyde


REGISTERED OFFICE 2A Carden Road
Nunhead
London
SE15 3UD


REGISTERED COMPANY
NUMBER
05218144 (England and Wales)


REGISTERED CHARITY
NUMBER
1110619


SENIOR STATUTORY
AUDITOR
Muhammad Imran Ashraf


INDEPENDENT AUDITORS Sigma Chartered Certified
Accountants &
Registered Auditors
Kelvin House
Kelvin Way
Crawley
West Sussex
R10 9WE

THE LIGHTHOUSE CHAPEL INTERNATIONAL (REGISTERED NUMBER: 05218144)

Report of the Trustees
for the Year Ended 31 August 2024



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 August 2024. 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).

OBJECTIVES AND ACTIVITIES
Objectives and aims
The advancement of the Christian religion.


THE LIGHTHOUSE CHAPEL INTERNATIONAL (REGISTERED NUMBER: 05218144)

Report of the Trustees
for the Year Ended 31 August 2024


OBJECTIVES AND ACTIVITIES
Furthering the Objectives
The charity requires that all bone fide members must be born again Christians, who publicly and openly profess to have consciously and willingly accepted Jesus Christ as Lord and Saviour of their lives.

The charity shall be maintained and operated by means of contributions from members, private individuals, organisations or associations who share the objectives and aspirations of the charity and from revenues derived from its assets or business. All donations and contributions are non-refundable and shall be disbursed as the trustees see fit.

A member may be dismissed or excluded at any time if it is in the interest of the charity. On the dismissal or exclusion of a member, the latter cannot make claims to any of the charity's assets, possessions or funds no matter the extent or amount of donations and contributions ever made to the charity.

The charity requires that all members believe that all activities of their lives must be guided and directed aright by the Word of God, which is the Bible.

Every member of the charity shall be free to leave the charity at any time.

All Leaders of any kind or occupying whatsoever position shall have a higher requirement and responsibility and must fulfil the following five (5) rules for leadership within the charity. They must: -

1. Be unambiguous bona fide born again Christians;
2. Be filled with the Holy Ghost and speak in Tongues;
3. Demonstrate a character above reproach;
4. Believe in and adhere to the Founding Ideals, viz. the Vision, Doctrines, Principles, Philosophy, Practices, Standards, and Spirit of the Ministry of the charity, and
5. Have unflinching loyalty to the charity.

The charity aims to achieve its objective of preaching the Word of God through regular Sunday church meetings as well as two mid-week services.

There are special one-off programmes such as conventions where visiting ministers are invited to preach and minister the Word of God. Members are also trained to live morally upright lives and be good examples in the communities in which they live.

The charity serves to provide a means through which people can seek God and lead lives based on sound Christian doctrine.

The main church has a choir that spreads the Gospel of Jesus Christ through Gospel concerts and singing during regular Church services.

Pastoral care coordinators continue to offer one-on-one support and counselling to members and non-members of the church. These range from marriage counselling to dealing with bereavement, finding life partners, issues of abandonment and abuse, depression, illnesses, old age, debt, children, spiritual guidance and prayer. The tele-pastoring team also provide immediate confidential prayer support to both members and non-members. This makes a huge difference in the lives of many of the most vulnerable members.


THE LIGHTHOUSE CHAPEL INTERNATIONAL (REGISTERED NUMBER: 05218144)

Report of the Trustees
for the Year Ended 31 August 2024


OBJECTIVES AND ACTIVITIES
The Youth group continues to bring the life changing message of Jesus Christ to the young people in the various councils. 'Wacenters', which is a coined word for WhatsApp groups, which has continued to thrive.

The Remember The Poor ministry continues praying for the homeless in groups throughout the week.

The Prison Ministry makes weekly visits to prisons for preaching and fellowship.

STRATEGIC REPORT
Principal funding sources
The charity is maintained and operated by means of contributions from members, private individuals, organisations or associations that share the objectives and aspirations of the charity and from revenues derived from its assets or business. All donations and contributions are non-refundable and shall be disbursed as the trustees see fit.

Investment policy and objectives
The trustees are of the opinion that the performance of the charity from a financial standpoint is in line with their expectations and plans for the charity.

The trustees are pleased with the performance of the investment properties during the year under review.

The charity does not currently analyse its funds into different classes or categories. All the funds are maintained in a single general fund.

Future plans
The trustees plan to grow the membership from its present level and will continue to focus on refining and developing existing operations to the highest possible standards.

Regarding the financial position of the charity, the trustees are pleased both at the balance sheet date and at the date of the trustees' report. The outlook for the continued operations of the charity remains good.

The Trustees confirm that in their opinion: -

Adequate assets are available to fulfil the obligations of the charity, having regard to any likely delays or shortfalls in realising assets into cash.

No commitments or guarantees have been undertaken, other than those disclosed in the accounts.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The governing document of the charity is the Memorandum and Articles of Association of the company, limited by guarantee 'The Lighthouse Chapel International'.

Organisational structure
The charity is managed and controlled by the trustees, who are also members of the Council of Management as described in the governing document. Currently all trustees are also directors of the company limited by guarantee.

Trustees meet at least four times a year to make management and policy decisions.

THE LIGHTHOUSE CHAPEL INTERNATIONAL (REGISTERED NUMBER: 05218144)

Report of the Trustees
for the Year Ended 31 August 2024


STRUCTURE, GOVERNANCE AND MANAGEMENT
Related parties
The trustees are of the opinion that no related party transactions took place during the year under review.

Engagement with suppliers, customers and others
Using the original teachings of Jesus the charity seeks to enable relief from physical, mental and spiritual suffering. Complete and balanced development of mind body and soul resulting from Christian Fellowship and communion will ensure that members and the wider community will continue to benefit from the positive impact of the charity in their lives for the years to come.

Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The trustees continue to work closely with the auditors and accountants to ensure that the charity is well run and managed. The trustees are pleased with the organisation and management of the charity.

The trustees are pleased with the management and control of the charity; the management team has been in place for the last 21 years.

Sound management has enabled the charity to advance the Christian Religion and engage in humanitarian work that continues to have myriad positive impacts on many lives.

The beneficial effects of the charitable activities are far reaching - beyond the membership and the wider community and into the world at large.

Tried and tested methods based on sound traditional values continue to bear fruit.

STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees (who are also the directors of The Lighthouse Chapel International for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law 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 charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

-select suitable accounting policies and then apply them consistently;
-observe the methods and principles in the Charity SORP;
-make judgements and estimates that are reasonable and prudent;
-state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

THE LIGHTHOUSE CHAPEL INTERNATIONAL (REGISTERED NUMBER: 05218144)

Report of the Trustees
for the Year Ended 31 August 2024


STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued
In so far as the trustees are aware:

-there is no relevant audit information of which the charitable company's auditors are unaware; and
-the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.

AUDITORS
The auditors, Muhammad Imran Ashraf, will be proposed for re-appointment at the forthcoming Annual General Meeting.

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 26 May 2025 and signed on the board's behalf by:





J Baiden - Trustee

Report of the Independent Auditors to the Members of
The Lighthouse Chapel International


Opinion
We have audited the financial statements of The Lighthouse Chapel International (the 'charitable company') for the year ended 31 August 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the charitable company's affairs as at 31 August 2024 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information
The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Report of the Independent Auditors to the Members of
The Lighthouse Chapel International


Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Report of the Trustees has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of trustees' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of trustees
As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Report of the Independent Auditors to the Members of
The Lighthouse Chapel International


Our responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We obtained an understanding of the legal and regulatory frameworks that are applicable to the charity and
determined that the most significant are those that relate to:

- Companies Act 2006;
- Accounting and Reporting by Charities: Statement of Recommended Practice;
- Financial Reporting Standard 102;
- Data protection laws (including UK General Data Protection Regulation (GDPR)), and
- Fundraising regulations for charities.

Based on the results of our risk assessment we designed our audit procedures to identify non-compliance
with such laws and regulations identified above.

We assessed the risks of material misstatement in respect of fraud by enquiry of:

- Management;
- Those charged with governance, and
- Others responsible for risk or compliance procedures.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Report of the Independent Auditors to the Members of
The Lighthouse Chapel International


Use of our report
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Muhammad Imran Ashraf (Senior Statutory Auditor)
for and on behalf of Sigma Chartered Certified
Registered Auditors
Kelvin House
Kelvin Way
Crawley
West Sussex
R10 9WE

26 May 2025


Sigma Accountants Limited

THE LIGHTHOUSE CHAPEL INTERNATIONAL

Statement of Financial Activities
for the Year Ended 31 August 2024

2024 2023
Unrestricted Total
fund funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 1,279,045 1,131,178

Investment income 3 91,424 118,465
Other income 5,504 -
Total 1,375,973 1,249,643

EXPENDITURE ON
Raising funds 4 1,102,694 1,104,678

Charitable activities 5
Pentecostal World Fellowship Gift 2,003 2,052
Anagkazo Bible and Ministry Training Centre 176,392 134,907
Volta and Northern Missions and Evangelistic
Campaigns

100,000

-
Total 1,381,089 1,241,637

NET INCOME/(EXPENDITURE) (5,116 ) 8,006


RECONCILIATION OF FUNDS
Total funds brought forward 4,428,833 4,420,827

TOTAL FUNDS CARRIED FORWARD 4,423,717 4,428,833

THE LIGHTHOUSE CHAPEL INTERNATIONAL (REGISTERED NUMBER: 05218144)

Balance Sheet
31 August 2024

2024 2023
Unrestricted Total
fund funds
Notes £    £   
FIXED ASSETS
Tangible assets 11 1,957,723 2,042,545
Investment property 12 1,911,999 1,911,999
3,869,722 3,954,544

CURRENT ASSETS
Cash at bank 582,284 507,545

CREDITORS
Amounts falling due within one year 13 (28,289 ) (33,238 )

NET CURRENT ASSETS 553,995 474,307

TOTAL ASSETS LESS CURRENT
LIABILITIES

4,423,717

4,428,851

CREDITORS
Amounts falling due after more than one year 14 - (18 )

NET ASSETS 4,423,717 4,428,833
FUNDS 15
Unrestricted funds 4,423,717 4,428,833
TOTAL FUNDS 4,423,717 4,428,833


The financial statements were approved by the Board of Trustees and authorised for issue on 26 May 2025 and were signed on its behalf by:





J Baiden - Trustee

THE LIGHTHOUSE CHAPEL INTERNATIONAL

Cash Flow Statement
for the Year Ended 31 August 2024

2024 2023
Notes £    £   

Cash flows from operating activities
Cash generated from operations 1 77,059 113,259
Net cash provided by operating activities 77,059 113,259

Cash flows from investing activities
Purchase of tangible fixed assets (14,300 ) (21,308 )
Sale of tangible fixed assets 11,506 -
Interest received 474 388
Net cash used in investing activities (2,320 ) (20,920 )

Change in cash and cash equivalents in
the reporting period

74,739

92,339
Cash and cash equivalents at the
beginning of the reporting period

507,545

415,206
Cash and cash equivalents at the end of
the reporting period

582,284

507,545

THE LIGHTHOUSE CHAPEL INTERNATIONAL

Notes to the Cash Flow Statement
for the Year Ended 31 August 2024


1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM
OPERATING ACTIVITIES
2024 2023
£    £   
Net (expenditure)/income for the reporting period (as per the
Statement of Financial Activities)

(5,116

)

8,006
Adjustments for:
Depreciation charges 93,120 106,236
Profit on disposal of fixed assets (5,504 ) -
Interest received (474 ) (388 )
Decrease in creditors (4,967 ) (595 )
Net cash provided by operations 77,059 113,259


2. ANALYSIS OF CHANGES IN NET FUNDS

At 1.9.23 Cash flow At 31.8.24
£    £    £   
Net cash
Cash at bank 507,545 74,739 582,284
507,545 74,739 582,284
Total 507,545 74,739 582,284

THE LIGHTHOUSE CHAPEL INTERNATIONAL

Notes to the Financial Statements
for the Year Ended 31 August 2024


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.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Tangible fixed assets
Tangible fixed assets are stated at the lower of cost and net realisable value.
Depreciation is normally provided at rates calculated to write off the cost less
estimated residual value of each asset over its expected useful life as follows:

Fixtures, fittings and equipment - 25% Reducing balance

Freehold land and buildings - Depreciated over a useful life not exceeding 50 years

Investment property
Investment property is shown at fair value.

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.

THE LIGHTHOUSE CHAPEL INTERNATIONAL

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


1. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2. DONATIONS AND LEGACIES
2024 2023
£    £   
Donations 1,279,045 1,131,178

3. INVESTMENT INCOME
2024 2023
£    £   
Rents received 90,950 118,077
Deposit account interest 474 388
91,424 118,465

4. RAISING FUNDS

Raising donations and legacies
2024 2023
£    £   
Support costs 1,102,694 1,104,678

5. CHARITABLE ACTIVITIES COSTS
Grant
funding of
activities
(see note
6)
£   
Pentecostal World Fellowship Gift 2,003
Anagkazo Bible and Ministry Training
Centre

176,392
Volta and Northern Missions and
Evangelistic Campaigns

100,000
278,395

THE LIGHTHOUSE CHAPEL INTERNATIONAL

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


6. GRANTS PAYABLE
2024 2023
£    £   
Pentecostal World Fellowship Gift 2,003 2,052
Anagkazo Bible and Ministry Training Centre 176,392 134,907
Volta and Northern Missions and Evangelistic Campaigns 100,000 -
278,395 136,959


7. SUPPORT COSTS
Management Finance Totals
£    £    £   
Raising donations and legacies 1,102,053 641 1,102,694

8. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2024 2023
£    £   
Depreciation - owned assets 93,120 106,236
Surplus on disposal of fixed assets (5,504 ) -

9. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 August 2024 nor for the year ended 31 August 2023.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 August 2024 nor for the year ended 31 August 2023.



THE LIGHTHOUSE CHAPEL INTERNATIONAL

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


10. STAFF COSTS
2024 2023
£    £   
Wages and salaries 438,106 414,478
Other pension costs 7,154 6,799
445,260 421,277

The average monthly number of employees during the year was as follows:

2024 2023
Ministry 1 1
Administrative 5 5
6 6

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

2024 2023
£60,001 - £70,000 2 2
£100,000 - £110,000 1 1
3 3


THE LIGHTHOUSE CHAPEL INTERNATIONAL

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


11. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 September 2023 1,461,895 641,842 482,198
Additions - - 10,700
Disposals - - -
At 31 August 2024 1,461,895 641,842 492,898
DEPRECIATION
At 1 September 2023 177,183 74,741 326,508
Charge for year 29,238 12,837 42,885
Eliminated on disposal - - -
At 31 August 2024 206,421 87,578 369,393
NET BOOK VALUE
At 31 August 2024 1,255,474 554,264 123,505
At 31 August 2023 1,284,712 567,101 155,690

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 September 2023 73,320 18,970 2,678,225
Additions 3,600 - 14,300
Disposals - (18,970 ) (18,970 )
At 31 August 2024 76,920 - 2,673,555
DEPRECIATION
At 1 September 2023 44,280 12,968 635,680
Charge for year 8,160 - 93,120
Eliminated on disposal - (12,968 ) (12,968 )
At 31 August 2024 52,440 - 715,832
NET BOOK VALUE
At 31 August 2024 24,480 - 1,957,723
At 31 August 2023 29,040 6,002 2,042,545

THE LIGHTHOUSE CHAPEL INTERNATIONAL

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


12. INVESTMENT PROPERTY
£   
FAIR VALUE
At 1 September 2023
and 31 August 2024 1,911,999
NET BOOK VALUE
At 31 August 2024 1,911,999
At 31 August 2023 1,911,999

13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 5,468
Social security and other taxes 12,789 11,002
Pension contributions payable - 1,268
Accrued expenses 15,500 15,500
28,289 33,238

14. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors - 18

15. MOVEMENT IN FUNDS
Net
movement At
At 1.9.23 in funds 31.8.24
£    £    £   
Unrestricted funds
General fund 4,428,833 (5,116 ) 4,423,717

TOTAL FUNDS 4,428,833 (5,116 ) 4,423,717

THE LIGHTHOUSE CHAPEL INTERNATIONAL

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


15. 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 1,375,973 (1,381,089 ) (5,116 )

TOTAL FUNDS 1,375,973 (1,381,089 ) (5,116 )


Comparatives for movement in funds

Net
movement At
At 1.9.22 in funds 31.8.23
£    £    £   
Unrestricted funds
General fund 4,420,827 8,006 4,428,833

TOTAL FUNDS 4,420,827 8,006 4,428,833

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 1,249,643 (1,241,637 ) 8,006

TOTAL FUNDS 1,249,643 (1,241,637 ) 8,006

THE LIGHTHOUSE CHAPEL INTERNATIONAL

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


15. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1.9.22 in funds 31.8.24
£    £    £   
Unrestricted funds
General fund 4,420,827 2,890 4,423,717

TOTAL FUNDS 4,420,827 2,890 4,423,717

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 2,625,616 (2,622,726 ) 2,890

TOTAL FUNDS 2,625,616 (2,622,726 ) 2,890

16. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 August 2024.

17. ANALYSIS OF FUNDS

£


Realised funds 2,941,676

Revaluation reserve 44,000
__________

Total funds 2,985,676