THE LIGHTHOUSE LONDON COMMUNITY TRUST
The Camden Spear Course is a 6-week employment training programme for young people aged 16-24 who are not in employment, education or training (NEET). It addresses the prevailing issues that undermine their potential to succeed in the mainstream economy.
Financial health, per its FY2024 accounts
The accounts state that the charity's unrestricted reserves are £81,439, which exceeds the stated policy target of holding reserves equal to six months of running costs. The charity is dependent on an annual fundraising event for the majority of its funding, a risk the trustees acknowledge by seeking alternative grant funding.
What the accounts disclose
“Total income 17,704 131,183 148,887 176,001” — page 10
“The Lighthouse London Community Trust plans to hold a Reserve equal to the cost of running the centre for a period of 6 months.” — page 6
“Rental expenses of £10,000 (2023 - same) were invoiced to The Lighthouse London Community Trust in the year for use of HTSC's facilities, however, HTSC did not seek payment of all of the rent and accordingly a donation in kind of £10,000 (2023 - same) has been shown within these accounts.” — page 27
“At the balance sheet date £531 was owed by (2023 - £10,548 was owed to) HTSC in respect of advances made (2023 - recharges due) for operational expenses.” — page 27
“Rental expenses of £10,000 (2023 - same) were invoiced to The Lighthouse London Community Trust in the year for use of HTSC's facilities, however, HTSC did not seek payment of all of the rent and accordingly a donation in kind of £10,000 (2023 - same) has been shown within these accounts.” — page 27
“At the balance sheet date £531 was owed by (2023 - £10,548 was owed to) HTSC in respect of advances made (2023 - recharges due) for operational expenses.” — page 27
Trustees
- Chi-Eun Leechair
- Celine DJIBO TCHATCHOUANG ZIM
- Rev Andrew Keighley
- Sharon Amanda Henry
- Siji Adesemowo
- Song-En Sarah Tan
- Tess Emily Oyediran
- Tosin Otubanjo
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £149k | £169k |
| 31/12/2023 | £176k | £218k |
| 31/12/2022 | £210k | £217k |
| 31/12/2021 | £183k | £167k |
| 31/12/2020 | £140k | £123k |
Common questions
Is THE LIGHTHOUSE LONDON COMMUNITY TRUST financially healthy?
Per its FY2024 accounts: The accounts state that the charity's unrestricted reserves are £81,439, which exceeds the stated policy target of holding reserves equal to six months of running costs. The charity is dependent on an annual fundraising event for the majority of its funding, a risk the trustees acknowledge by seeking alternative grant funding. Its FY2024 accounts were independently examined.
Who funds THE LIGHTHOUSE LONDON COMMUNITY TRUST?
Funders whose own accounts filings name THE LIGHTHOUSE LONDON COMMUNITY TRUST as a grant recipient include The Ethos Foundation, THE CHILDHOOD TRUST.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| The Ethos Foundation | FY2024 | £5k | Smaller grant |
| THE CHILDHOOD TRUST | FY2025 | £5k | |
| THE CHILDHOOD TRUST | FY2024 | £4k |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| UK government | 13/08/2020 | £8k | Coronavirus Community Support Fund |
| Camden Giving | 08/06/2020 | £3k | The Lighthouse London Community Trust |