REGISTERED COMPANY NUMBER: 03590949 (England and Wales) REGISTERED CHARITY NUMBER: 1074480
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS FOR THE YEAR ENDED 315T MAY 2025
FOR
LIGHT ON THE MOUNT
Green & Co Accountants and Tax Advisors Pembroke House Llantarnar Park Way Cwmbran Torfoen NP44 SAU
LIGHT ON THE MOUNT
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 318T MAY 2025
| Page | |||
|---|---|---|---|
| Reportof theTrustees | 1 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 3 | ||
| Balance Sheet | é | to | 7? |
| Notes to the Financial Statements | 8 | to | 13 |
| DetailedStatementofFinancialActivities | 14 |
LIGHT ON THE MOUNT
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 318T MAY 2025
The trustees who are abe 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 31st May 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance wilh 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 charity's object and principal activity continues to be the advancement of the Christian faith with particular emphasis on the provision of literature and other forms of communication. This object is met through the operation of Christian bookshops trading under the name BOOKS Plus in the concourses of hospitals. The charity is organised so that the trustees meet regularly to manage its affairs. All staff are employed in direct charitable activities.
Public benefit
The trustees can confirm that they have complied with the duty in Section17 of the Charities Act 2011 to have due regard to public benefit quidance published by the commission. Significant activities that we undertook during the period that demonstrate public benefit, are set out below.
Activities
The charity operates through supporting and resourcing bookshops known as BOOKS Plus. It has wholly owned subsidiaries in Cardiff, Gloucester and (previously) Norwich.
The performance at BOOKS Plus Cardiff has continued to meet the charity's objective of enhancing the caring environment of the University Hospital of Wales through the provision of Christian literature as well as related goods which are encouraging to visitors in a hospital environment. Considerable and much apprecioted effort has gone into adjusting the stock on offer by staff at Cardiff to ensure the shop remains on attractive, caring and relevant outlet whist also addressing current financial imperatives.
During the period of this report 1 June 2024 to 31 May 2025, there has been an ongoing need for Light on the Mount to support the activity with charitable fundraising activities. The year commenced with the appointment of two job-share co-managers and events to celebrate 25 years of service through BOOKS Plus Cardiff. By the end of the period of this report it becare clear that BOOKS Plus Cardiff needed to open for trading to coincide with staff and outpatients arriving early for work or hospital appointments. This initiative has been provisioned with volunteer staff time and the feedback from staff and outpatients has been very positive. The increased activity is clearly enhancing the caring environment provided by BOOKS Plus for the University of Wales Hospital. The wholly owned subsidiary, BOOKS Plus Gloucester Limited has traded successfully during the year meeting the charity's objective of enhancing the caring environment of the Gloucestershire Royal Hospital through the provision of Christian literature and related goods. The management staff have settled into an effective mode of operation following the appointment of a new manager during 2023-2024. The shop operation in Gloucester is supportive and effective. The shop is continuing to trade more profitably than in Cardiff because of lower rents and other charges. With new co-managers taking up post in Cardiff, there has been useful knowledge transfer from the team in Gloucester and efforts aré continuing to maintain this kind of exchange. BOOKS Plus Norwich Limited remained dormant during the period. However, because of the increase overhead of managing this dormant entity, the process to strike of the company took place a month before submission of this report and has completed.
Page 1
LIGHT ON THE MOUNT
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 318T MAY 2025
FINANCIAL REVIEW
Reserves policy
The results for the year are summarised in the Statement of Financial Activities. At 31 May 2025 the charity ts reporting net assets and unrestricted reserves amounting to £50,023. Sufficient reserves are held to support the continuation of the activity in the short to medium-term as individuals and churches continue to support the werk. Fundraising and increasing support for the work remains a priority for the future of ight on the Mount as the overarching charity with new activities being considered, particularly while the financial climate remains challenging. Reserves are held to ensure the charity is well placed to meet future demands on ils resources. The trustees consider the level of reserves fo be adequate.
Going concern
As at 31 May 2025 the trustees are satisfied that if § appropriate for the chartable company's financial statements to be prepared on a going concern basis, they have concluded that no adjustments or additional disclosures are required to the financial statements at the tirne.
FUTURE PLANS
Light on the Mount is focusing primarily on promotional and fundrasing activities fo support the operation at Cardiff as rent levels remain much higher than elsewhere for the privilege of trading within the main entrance and concourse of the University Hospital of Wales. The trustees expect to continue to support BOOKS Plus activity at the University Hospital of Wales and the Gloucestershire Royal Hospital with all shop operational staff ernployed centrally by Light on the Mount as charity workers. The ability to demonstrate both in Cardiff and Gloucester that the trading model is sustainable, remains a key element of the charity's strategy. In Cardiff the focus now is on what to stock to sustain the operation ina high rent high footfall unit. The charity remains interested in working closely with additional supporting churches to establish BOOKS Plus satellite outlets and provision therm from the BOOKS Plus Cardiff shop. Two outlets are currently running successfully. The charity will continue to review how to fake this initiative forward in a sustainable manner either from Light on the Mount or its subsidiaries.
The trustees remain open to explore, with key supporters, ways to expand this work into hospitals in South Wales, England and elsewhere within the UK.
SUCCESSION PLANNING
The trustees seek fo maintain a balance of expertise on the board of the charity. The primary method used ta recruit and appoint new trustees is via personal networks of individual positively dspased to and in agreement with the aims and objectives of the charity and its subsidiares. Individual with the required expertise are approached and given sufficient time to process the invitation and speak with existing trustees.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity § controlled by its governing document, a deed of trust, and constitutes a irmited company, limited by guarantee, as defined by the Companies Act 2006.
Light on the Mount & a company limited by guarantee and a registered charity. The charity is controlled by Its Memorandum and Articles of Association.
Page 2
LIGHT ON THE MOUNT
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 318T MAY 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
Recruitment and appointment of new trustees The forrnal method of appointing trustees & contained within the constitution of the charity. New trustees are appointed by formal resolution of existing trustees. New trustees are trained by other trustees and the charity's management staff to become familiar wilh the charity's objectives, constitution, memoranda and articles of incerporation, their legal duties as trustees, business, finance and other related operational matters.
Related parties
At the 31 May 2025 the company was owed £71,172 (2024: £63,341) from Books Plus Cardiff Limited.
At the 31 May 2025 the company was owed £7,354 (2024: £2,224) from Books Plus Gloucester Limited.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number 03590949 (England and Wales)
Registered Charity number 1074480
Registered office 1? Franklen Road Cardiff CF14 1HR
Trustees
|P Doenala - Hospital Consultant Physician AS Dublevic - Crown Prosecutor C J Graves - IT Consultant
Company Secretary A$ Dublevic
Independent Examiner Edwin Gooderham Green & Co Accountants and Tax Advisors Pembroke House Llantarnarn Park Way Cwmbran Torfaen NP44 3AU
Approved by order of the board of trustees on 26th February 2024 and signed on ils behalf by:
PRE C J Graves - Trustee
Page 3
INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF LIGHT ON THE MOUNT
Independent examiner's report to the trustees of Light On The Mount (‘the Company’)
| report to the charity trustees on my examination of the accounts of the Company for the year ended Sst May 2025.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you ore responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 20064 [the 2004 Act). Having satisied myself that the accounts of the Company are not required to be audited under Part lé of the 2006 Act and are eligible for independent examination, | repert in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination | have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
| have completed my examination. | confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept inrespect of the Company as required by Section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and far view which & neta matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
| have no concerns and have come across no other matters in connection with the examination ta which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Oo, a C6 Cole Korn.
Edwin Gooderham
Green & Co
Accountants and Tax Advisors Pembroke House Llantarnam Park Way Cwmbran Torfaen NP44 3AU
26th February 2026
Page 4
LIGHT ON THE MOUNT
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MAY 2025
| 2025 | 2024 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | furnnds | ||
| Notes | Fa | £ | |
| INCOMEAND ENDOWMENTS FROM | |||
| Donations and legacies | 2 | 36,403 | 13,346 |
| Investment incame | 3 | & | i? |
| Total | 36,411 | 13,385 | |
| EXPENDITURE ON | |||
| Charitable activities | 4 | ||
| Advancement of the Christian faith | 27,576 | 13,040 | |
| NET INCOME | 13,635 | 345 | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 36,188 | 35,643 | |
| TOTALFUNDSCARRIEDFORWARD | 50,023 | 34,188 |
The notes form part of these financial statements
Page 5
LIGHT ON THE MOUNT
BALANCE SHEET 318T MAY 2025
| 2025 | 2024 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | Fa | x | |
| FIXED ASSETS | |||
| Tangible assets | 10 | 62,284 | 71,968 |
| CURRENT ASSETS | |||
| Debtors | 1] | 70,5463 | 66,657 |
| Investments | 12 | 13 | 13 |
| Cash at bank and in hand | 2,018 | 1,831 | |
| 2,094 | 68,501 | ||
| CREDITORS | |||
| Amounts faling due within one year | 13 | (104,855) | (104,281) |
| NETCURRENT ASSETS | (12.241) | (35.780) | |
| TOTAL ASSETS LESS CURRENT LIABILITIES | 50,023 | 34,188 | |
| NETASSETS/(LIABILITIES) | 50,023 | 34,188 | |
| FUNDS | i4 | ||
| Unrestricted funds: | |||
| General fund | 50,023 | 36,188 | |
| TOTALFUNDS | 50,023 | 36,188 |
The charitable company ts entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2025.
The members have not required the company to obtain an audit of its financial staternents for the year ended 3ist May 2025 in accerdance with Section 476 of the Campanies Act 2004.
-
The trustees acknowledge ther responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of offairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
Page 6
continued...
LIGHT ON THE MOUNT
BALANCE SHEET - continued 31ST MAY 2025
These financial stalernents have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authored for issue on 24th February 2026 and were signed on its behalf by:
==> picture [92 x 57] intentionally omitted <==
----- Start of picture text -----
Aue’‘Cine
C J Graves- Trustee
----- End of picture text -----
The notes form part of these financial statements
Page?
LIGHT ON THE MOUNT
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 318T MAY 2025
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, itis probable that the income wil be receved and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there i§ 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 aecounted 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 ta activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off cach asset over ifs estimated useful life.
Improvements to property - 10% on cost Fixtures and fittings - 25% on cost and 10% on cast
Taxation
The charity § 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 arse when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpese of each fund & included in the notes to the financial statements.
Page é
continued...
LIGHT ON THE MOUNT
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 318T MAY 2025
| 2. | DONATIONSAND LEGACIES | |||||
|---|---|---|---|---|---|---|
| 2025 | 2024 | |||||
| Fa | z | |||||
| Donations | 36,403 | 13,346 | ||||
| 3. | INVESTMENT INCOME | |||||
| 2025 | 2024 | |||||
| z | i | |||||
| Deposit account interest | 8 | 1? | ||||
| 4, | CHARITABLE ACTIVITIES COSTS | |||||
| Direct | Support | |||||
| Costs | (see | costs (see | ||||
| note | 5) | note 4] | Totals | |||
| Fs | z | i | ||||
| Advancement of the Christian faith | 19,169 | 3,407 | 22,576 | |||
| 5. | DIRECT COSTS OF CHARITABLE ACTIVITIES | |||||
| 2025 | 2024 | |||||
| i | i | |||||
| subseriptions | 325 | 279 | ||||
| Sundries | 260 | - | ||||
| Donations | 8,900 | . | ||||
| Depreciation | 9,664 | 9,604 | ||||
| 19,16? | 7,983 | |||||
| é. | SUPPORT COSTS | |||||
| Governance | ||||||
| Management | Finance | coasts | Totals | |||
| i | z | i | i | |||
| AdvancementoftheChristianfaith | 878 | 60 | 2,469 | 3,407 |
Page ?
continued...
-
NET INCOME/(EXPENDITURE)
LIGHT ON THE MOUNT
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 318T MAY 2025
Netincome,/ (expenditure) stated after charging/ (crediting):
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| = | Fs | ||||
| Depreciation | - | owned | assets | 7,684 | 7,664 |
TRUSTEES’ REMUNERATION AND BENEFITS
There were no trustees’ remuneration or other benefits for the year ended 31st May 2025 nor for the year ended 31st May 2024.
Trustees' expenses
There were no trustees’ expenses paid for the year ended 3lst May 2025 nor for the year ended 3lst May 2024.
?.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | |
|---|---|
| Unrestricted | |
| fund | |
| i | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 13,346 |
| Investment income | 1? |
| Total | 13,385 |
| EXPENDITURE ON | |
| Charitable activities | |
| Advancement of the Christian faith | 13,040 |
| NET INCOME | 345 |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 35,643 |
| TOTALFUNDSCARRIEDFORWARD | 34,188 |
Page 10
continued...
LIGHT ON THE MOUNT
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 318T MAY 2025
12.
| TANGIBLE FIXED ASSETS | |||
|---|---|---|---|
| Improvements | Fixtures | ||
| to | and | ||
| property | fittings | Totals | |
| z | x | i | |
| COST | |||
| At Ist June 2024 and 3ist May 2025 | 89,723 | 10,565 | 100,288 |
| DEPRECIATION | |||
| At ist June 2024 | 22,885 | 5,435 | 28,320 |
| Charge for year | 8.972 | 712 | 9,604 |
| At alst May 2025 | 31,857 | 6,147 | 38,004 |
| NETBOOK VALUE | |||
| At 3lst May 2025 | 57,866 | 4,418 | 62,284 |
| At 3lstMay 2024 | 66,838 | 5,130 | 71,968 |
| DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 2025 | 2024 | ||
| i | i | ||
| Other debtors | 76,926 | 65,825 | |
| WAT | L119 | 832 | |
| Prepayments and accrued income | 10,718 | . | |
| 90,563 | 46,457 | ||
| CURRENT ASSET INVESTMENTS | |||
| 2025 | 2024 | ||
| = | Fs | ||
| sharesingroupundertakings | 13 | 13 |
Page 11
continued...
- CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
LIGHT ON THE MOUNT
NOTES TO THE FINAN CIAL STATEMENTS - continued FOR THE YEAR ENDED 315T MAY 2025
14.
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
|---|---|---|---|
| 2025 | 2024 | ||
| £ | £ | ||
| Trade creditors | 4,037 | Zar | |
| Other creditors | 99, | 49 | |
| Accruals and deferred income | 1,449 | 2,740 | |
| 104,855 | 104,281 | ||
| MOVEMENT IN FUNDS | |||
| Net | |||
| movement | At | ||
| At 1.4.24 | in funds | 31.5.25 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 34,188 | 13,835 | 50,023 |
| TOTAL FUNDS | 34,188 | 13,835 | 50,023 |
| Net movement in funds, included in the above are as follows: | |||
| Inceming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 36,411 | (22,576) | 13,835 |
| TOTAL FUNDS | 36,41 1 | (22,57 4) | 13,835 |
| Compoaratives for movementinfunds | |||
| Net | |||
| movement | At | ||
| At 1.6.23 | in furnes | 3) .5.24 | |
| Fa | £ | £ | |
| Unrestricted funds | |||
| General fund | 35,843 | 345 | 346,188 |
| TOTALFUNDS | 35,843 | 345 | 34,188 |
Page I2
continued...
LIGHT ON THE MOUNT
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MAY 2025
14. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 13,385 | (13,040) | 345 |
| TOTALFUNDS | 13,385 | (13,040) | 345 |
15. RELATED PARTY DISCLOSURES
During the year, aggregate donations of £nil (2024: Enil) were received from trustees.
At 31 May 2025, included within Creditors is a total of £99,143 (2024 - £101,000) due to trustees. No interest has been charged on these loans.
Page 13