REGISTERED COMPANY NUMBER: 4595978 (England and Wales) REGISTERED CHARITY NUMBER: 1098987
Report of the Trustees, Independent Examiners Report and Unaudited Financial Statements for the Year Ended 30 June 2025
for
Light for Bulgaria Limited
Light for Bulgaria Limited
Contents of the Financial Statements for the Year Ended 30 June 2025
| Page | |
|---|---|
| Report of the Trustees | 1 |
| Statement of Financial Activities | 2 |
| Balance Sheet | 3 |
| Notes to the Financial Statements | 4 to 7 |
| Detailed Statement of Financial Activities | 8 |
Light for Bulgaria Limited
Report of the Trustees for the Year Ended 30 June 2025
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 30 June 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 with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Management
Michelle Lineros, who is a Trustee, works full time for the charity. She is responsible for fund raising, which includes meetings with various organisations, liaison with the teams in Bulgaria and claiming Gift Aid.
Light for Bulgaria Limited (LFB) has a sister charity, Svetlina Za Bulgaria, which is based in Bulgaria and oversees the work in Bulgaria. It also receives donations and aid from various European countries. Michelle Lineros is a trustee of the Bulgarian charity and as part of the aid to Bulgaria LFB pays her salary for work under taken for the Bulgarian charity. It is estimated that 70% of Michelle's salary is for this work, which includes online meetings with various team leaders, training and visits to the country.
Registered Company number 4595978 (England and Wales)
Registered Charity number 1098987 Charity Commission for England & Wales
Registered office
77 Strouden Road, Bournemouth, Dorset, BH9 1QN
Trustees
D James Mrs M N Lineros T R Cologne
Company Secretary
Mrs M N Lineros
Approved by order of the board of trustees on 12 March 2026 and signed on its behalf by:
D James - Trustee
Page 1
Light for Bulgaria Limited
Statement of Financial Activities for the year Ended 30 June 2025
| Notes Income and Endowments from Donations and legacies 5 Expenditure on charitable activities Funds to Bulgaia Other Total Net Income / (Expenditure) Reconciliation of Funds Total funds brought forward Total Funds carried forward |
30/06/2025 Total fund £ 46,186 (12,702) (19,800) (32,502) 13,684 24,353 38,037 |
30/06/2024 Total funds £ 24,584 (5,864) (19,558) (25,422) (838) 25,191 24,353 |
|---|---|---|
Page 2
Light for Bulgaria Limited
Balance Sheet as at 30/06/2025
| Notes Current Assets Cash at bank Net Current Assets Total Assets Less Total Liabilities Net Assets Funds Unrestricted funds 5 Restricted funds Total Funds |
30/06/2025 Total funds £ 38,037 38,037 38,037 38,037 13,208 24,829 38,037 |
30/06/2024 Total funds £ 24,353 24,353 24,353 24,353 11,932 12,421 24,353 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their 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 affairs 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.
These financial statements 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 authorised for issue on 12 March 2026 and were signed on its behalf by:
D James - Trustee
The notes form part of these financial statements
Page 3
Light for Bulgaria Limited
Notes to the Financial Statements for the Year Ended 30 June 2025
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.
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.
Page 4
Light for Bulgaria Limited
Notes to the Financial Statements for the Year Ended 30 June 2025 - continued
| 2 Trustees' Remuneration and Benefits 30/06/2025 £ Trustees' salaries 16,029 Trustees' expenses 0 3 Staffing 30/06/2025 The average monthly number of employees during the year was as follows: Trustee 1 No employees received emoluments in excess of £60,000. 4 Comparitive for the Statement of Financial Activities 30/06/2025 Restricted Funds £ Income and Endowments from Donations and legacies 20,574 Expenditure on charitable activities Other (11,110) Net Income 9,464 Total Funds brought forward 15,365 Total Funds carried forward 24,829 General Funds £ Income and Endowments from Donations and legacies 25,612 Expenditure on charitable activities Other (21,391) Net Income 4,221 Total Funds brought forward 8,987 Total Funds carried forward 13,208 |
30/06/2024 £ 15,990 0 30/06/2024 1 30/06/2024 £ 120 (60) 60 12,362 12,422 £ 24,464 (25,362) (898) 12,829 11,931 |
|---|---|
Page 5
Light for Bulgaria Limited
Notes to the Financial Statements for the Year Ended 30 June 2025 - continued
5 Movement in Funds
| Net As at movement 01/07/2024 in funds £ £ Restricted Funds 15,365 9,464 General Funds 8,987 4,221 Total Funds 24,352 13,685 Net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Restricted Funds 20,574 (11,110) General fund 25,612 (21,391) Total Funds 46,186 (32,501) Comparatives for movement in funds Net As at movement 01/07/2023 in funds £ £ Restricted Funds 12,362 60 General fund 12,829 (898) Total Funds 25,191 (838) |
As at 30/06/2025 £ 24,829 13,208 38,037 Movement in funds £ 9,464 4,221 13,685 As at 30/06/2024 £ 12,422 11,931 24,353 |
|---|---|
| Comparative net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Restricted Funds 120 (60) General fund 24,464 (25,362) Total Funds 24,584 (25,422) |
Movement in funds £ 60 (898) (838) |
|---|---|
Page 6
Light for Bulgaria Limited
Notes to the Financial Statements for the Year Ended 30 June 2025 - continued
6 Realted party disclosure
There were no related party transactions for the year ended 30 June 2025.
Page 7
Light for Bulgaria Limited
| Detailed Statement of Financial Activities for the Year Ended 30 June 2025 30/06/2025 £ Income and Endowments Donations and legacies Donations 46,127 Interest received 59 Total incoming resources 46,186 Expenditure Charitable activities Relief work in Bulgaria (12,702) Support costs Management Trustees' salaries & Pension contributions (16,029) Finance Sundries (1,452) Office (1,195) Training (929) Bank charges (195) (3,771) Total resources expended (32,502) Net income / (expenditure) 13,684 This page does not form part of the statutory financial statements |
30/06/2024 £ 24,554 30 24,584 (5,864) (15,990) (2,160) (1,263) - (145) (3,568) (25,422) (838) |
|---|---|
Page 8
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REGISTERED COMPANY NUMBER: 4595978 (England and Wales) REGISTERED CHARITY NUMBER: 1098987
Report of the Trustees, Independent Examiners Report and Unaudited Financial Statements for the Year Ended 30 June 2025
for
Light for Bulgaria Limited
Light for Bulgaria Limited
Contents of the Financial Statements for the Year Ended 30 June 2025
| Page | |
|---|---|
| Report of the Trustees | 1 |
| Statement of Financial Activities | 2 |
| Balance Sheet | 3 |
| Notes to the Financial Statements | 4 to 7 |
| Detailed Statement of Financial Activities | 8 |
Light for Bulgaria Limited
Report of the Trustees for the Year Ended 30 June 2025
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 30 June 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 with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Management
Michelle Lineros, who is a Trustee, works full time for the charity. She is responsible for fund raising, which includes meetings with various organisations, liaison with the teams in Bulgaria and claiming Gift Aid.
Light for Bulgaria Limited (LFB) has a sister charity, Svetlina Za Bulgaria, which is based in Bulgaria and oversees the work in Bulgaria. It also receives donations and aid from various European countries. Michelle Lineros is a trustee of the Bulgarian charity and as part of the aid to Bulgaria LFB pays her salary for work under taken for the Bulgarian charity. It is estimated that 70% of Michelle's salary is for this work, which includes online meetings with various team leaders, training and visits to the country.
Registered Company number 4595978 (England and Wales)
Registered Charity number 1098987 Charity Commission for England & Wales
Registered office
77 Strouden Road, Bournemouth, Dorset, BH9 1QN
Trustees
D James Mrs M N Lineros T R Cologne
Company Secretary
Mrs M N Lineros
Approved by order of the board of trustees on 12 March 2026 and signed on its behalf by:
D James - Trustee
Page 1
Light for Bulgaria Limited
Statement of Financial Activities for the year Ended 30 June 2025
| Notes Income and Endowments from Donations and legacies 5 Expenditure on charitable activities Funds to Bulgaia Other Total Net Income / (Expenditure) Reconciliation of Funds Total funds brought forward Total Funds carried forward |
30/06/2025 Total fund £ 46,186 (12,702) (19,800) (32,502) 13,684 24,353 38,037 |
30/06/2024 Total funds £ 24,584 (5,864) (19,558) (25,422) (838) 25,191 24,353 |
|---|---|---|
Page 2
Light for Bulgaria Limited
Balance Sheet as at 30/06/2025
| Notes Current Assets Cash at bank Net Current Assets Total Assets Less Total Liabilities Net Assets Funds Unrestricted funds 5 Restricted funds Total Funds |
30/06/2025 Total funds £ 38,037 38,037 38,037 38,037 13,208 24,829 38,037 |
30/06/2024 Total funds £ 24,353 24,353 24,353 24,353 11,932 12,421 24,353 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their 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 affairs 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.
These financial statements 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 authorised for issue on 12 March 2026 and were signed on its behalf by:
D James - Trustee
The notes form part of these financial statements
Page 3
Light for Bulgaria Limited
Notes to the Financial Statements for the Year Ended 30 June 2025
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.
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.
Page 4
Light for Bulgaria Limited
Notes to the Financial Statements for the Year Ended 30 June 2025 - continued
| 2 Trustees' Remuneration and Benefits 30/06/2025 £ Trustees' salaries 16,029 Trustees' expenses 0 3 Staffing 30/06/2025 The average monthly number of employees during the year was as follows: Trustee 1 No employees received emoluments in excess of £60,000. 4 Comparitive for the Statement of Financial Activities 30/06/2025 Restricted Funds £ Income and Endowments from Donations and legacies 20,574 Expenditure on charitable activities Other (11,110) Net Income 9,464 Total Funds brought forward 15,365 Total Funds carried forward 24,829 General Funds £ Income and Endowments from Donations and legacies 25,612 Expenditure on charitable activities Other (21,391) Net Income 4,221 Total Funds brought forward 8,987 Total Funds carried forward 13,208 |
30/06/2024 £ 15,990 0 30/06/2024 1 30/06/2024 £ 120 (60) 60 12,362 12,422 £ 24,464 (25,362) (898) 12,829 11,931 |
|---|---|
Page 5
Light for Bulgaria Limited
Notes to the Financial Statements for the Year Ended 30 June 2025 - continued
5 Movement in Funds
| Net As at movement 01/07/2024 in funds £ £ Restricted Funds 15,365 9,464 General Funds 8,987 4,221 Total Funds 24,352 13,685 Net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Restricted Funds 20,574 (11,110) General fund 25,612 (21,391) Total Funds 46,186 (32,501) Comparatives for movement in funds Net As at movement 01/07/2023 in funds £ £ Restricted Funds 12,362 60 General fund 12,829 (898) Total Funds 25,191 (838) |
As at 30/06/2025 £ 24,829 13,208 38,037 Movement in funds £ 9,464 4,221 13,685 As at 30/06/2024 £ 12,422 11,931 24,353 |
|---|---|
| Comparative net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Restricted Funds 120 (60) General fund 24,464 (25,362) Total Funds 24,584 (25,422) |
Movement in funds £ 60 (898) (838) |
|---|---|
Page 6
Light for Bulgaria Limited
Notes to the Financial Statements for the Year Ended 30 June 2025 - continued
6 Realted party disclosure
There were no related party transactions for the year ended 30 June 2025.
Page 7
Light for Bulgaria Limited
| Detailed Statement of Financial Activities for the Year Ended 30 June 2025 30/06/2025 £ Income and Endowments Donations and legacies Donations 46,127 Interest received 59 Total incoming resources 46,186 Expenditure Charitable activities Relief work in Bulgaria (12,702) Support costs Management Trustees' salaries & Pension contributions (16,029) Finance Sundries (1,452) Office (1,195) Training (929) Bank charges (195) (3,771) Total resources expended (32,502) Net income / (expenditure) 13,684 This page does not form part of the statutory financial statements |
30/06/2024 £ 24,554 30 24,584 (5,864) (15,990) (2,160) (1,263) - (145) (3,568) (25,422) (838) |
|---|---|
Page 8