Reglstered Number: 6468130 Charlty Number. 1141243 UGHT EDUCATION DEVELOPMENT (a company Ilmlted by guarantsel TRUSTEES REPORT AND UNAUDITED FINANCIAL STATEMEPITS FOR THE YEAR ENDED JI JANUARY 2025
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY AND ITS TRUSTEES FOR THE YEAR ENDED 31 JANUARY 2024 TRUSTEES GJ Buchan FWTChlu' S Cocker M Loosemore MJ Smlth 'Fwf Chiu resi8ned as a trustee on 10 Aprll 20?.4 COMPANY REGISTERED NUMBER 6468130 CHARITY REGISTERED NUMBER 1141243 REGISTERED OFFICE 29 Asmuns Hlll London NWII 6ES COMPANY SECRETARY GJ Buchan
TRUSTEES, REPORT FOR THE YEAR ENDED 31 JANUARY 2025 The Trustees (who are the directors of the company for the purpose5 of the Companles .4ct 20061 pre5enl their annual report together with the unaudited financial statements of Llght Educatlon Development (the "company") for the year ended 31 January 2025. The Trustees conflrm that the Annual Report and financial statements of the company comply with the current statutory requlrements. the requirement5 of the company's governing document and the Statement of Recommended Practice applicable to charities preparing their accounts in accordance wlth the Financial Reporting Standard applicable in the UK and the Republic of Ireland IFRS 1021. STRucfuRE. GOVERNANCE AND MANAGEMENT CONSTITUTION The company is registered as a charitable company limlted by guarantee Icompany number 64681301. The company 15 incorporated under the Companies Act 2CK16 and Is a registered charlty nurnber 1141243: The principal object of the company Is tu promote sustainable development for the beneflt of the publlc In Peru, Nepal and elsewhere in the world. METHOD OF APPOINTMENT OR EIEcfioN OF TRUSTEES The mana8ement of the Company is the responsibillty of the Trustees who are elected and co-opted under the terms of the Memorandum and Articles of Association of the company. POUCIE5 ADOPTED FOR THE INDUCTION ANO TRAINING OF TRUSTEES On appolntment, the Trustees are provlded with a copy of the Memorandum and Articles of AssocSatlon of the company and a copy of the Charlty Commissioii'5 Guldance Yhe E55entlal Trustee: What You Need to Kno. They are then thoroughly brlefed on the aims and activities of the charlty. ORGANISATIONAL STRucfuRE AND DECISION MAKING The activities of the charity are managed by the Trustees. There are at least two formal annual meetin85 tO8ether with contact as requlred between the Trustees and those performing operatlons In the field. RELATED PARfi RELATIONSHIPS During this financial year, the company contributed to The Partners Nepal for two project5.. funding for the Elderly Care Centre in Bung and the "One Day One Tree" Reforestation Programme. The company also provide funds to the Himalayan Trust to fund emergency relief in and around Thame in Nepal following the flood cause by the bursting of two glacial lakes above Thame.
RISK MANAGEMENT The Trustees have assessed the major risks to whlch the company Is exposed, In partlcular. those related to the operations and finances of the company and are satlsfled that systems and procedures are in place to mitigate exposure to the major rSsks. We carry Public & Products Liability Insurance and Employers, Liabillty, Professional Liability & Management Liability Insurance. OBJEcfivES AND ACTIVITIES POLICIES AND OBJECTIVES LED is a charlty to support the philanthropic activities of Val Pitkethly In remote mountaln communitles in South America and the Himalayas. It is not affiliated to any other group, religlous or otheThvise, and Is funded malnly through the donations of those associated with Val's trekking work. Admlnistered by veterans of Val's expedltions, the aim of the charity is to provlde low-tech solutlons to 3 baslc needs; cheap affordable li8liting, basic education and healthcare leadin8 to economii developrnent for the poorest people In these regions. VOLUNTEERS Volunteers are mostly people who have partlcipated in treks run by Val Pitkethly and have seen at first hand the benefits of the work she l)as done In the past. In additlon, Ithreel medical students from Cambridge UnlversSty carried out thelr overseas elective programme at the health post funded by the company in Quishuar, Peru in the summer of 2024. ACMIEVEMENT5 AND PERFORMANCE REVIEW OF AcfiviTIES In the year to 31 January 2025, we comblned core projects- solar light distribution. education and health development in the remote communities in Nepal and Peru- with dlsaster relief following the Thame glacial lake outburst flood in Nepal. NEPAL As well as providin8 school supplies in Thame {Solukhumbul and Manaslu (Gorkha districtl, we continued to provide funding to the local school in Thame which enabled them to continue engaging the Services of a full time teacher at the school for another year. Following the Thame Flood. all the children and staff are now based at the School in Khumjung.
In August 2024 two glacial lakes above Thame village burst and water, mud. l)oulders and debris flooded down the valley. The flood destroyed many of the homes and bu5ines5es in Thame, the health post and School. autumn crop5 and winter stores, the hydro electric plant and trails to and from the village. Working through the Himalayan Trust and local contacts we focused on providing fundlng for initial food supplies and ensuring the education for the children of Thame. LED partners with Ang Rita Sherpa of The Partners Nepal on their'one Day One Tree" project which focuses on planting natlve tree specles, siich as rhododendrons, Junipers, birch, and fir, in key areas of Solukhumbu, including Khunde, Khumjung, and Pangboche. This not only enhances forest cover but a150 delivers critical ecolo8ical benefits, suth as stabilizin8 soil, improvin8 watershed health, and creatin8 habitats for local wildlife. Rooted in it5 collaborative approach, the program has also ralsed awareness among communities about the vltal role forests play in mitigating the effects of climate change. We also support The Partners Nepal with the running COSt5 of the Elderly Care Center old people's home in 8ung. Followin8 the floods that hit the Kathmandu Valley In September 2024. Mingmi and Tenzi Sherpa distributed LED solar lights to outlying areas. l % day's walk from Kathmandu. PERU We continued to fund the nurse and medical 5upplie5 at Quishuar Health Post. We distrlbuted LED 501ar Ilghts to 4 new villa8e communities in the Cordlllera Blanca, startin8 a project orlginally planned In 2019. We provlded school supplles to Quishuar primary school. In May 2024, the Wonky Wombats jolned Val on a trek in the Cordillera Blanca, bringing eye glasses with them all the way from Australla and helplng to conduct eye clinics. We also funded repairs at Quishuar Health Post and worked with the village committee to reorgani5e the water Supply for the village, including the supply fur the health post. FUNDRAISING ACTIVITIES AND INCOME GENERATION Our Just Glv5ng account has been a successful route for donations and we continue to encourage potential donors to enter sponsored events such a5 marathons etc.
LED is re8lStered with easyfundraisin8.org.uk whlch allows us to fundraise when participants shop online. In September 2024. we held a sponsored walk in the Bassenthwaite and Skiddaw area of the Lake Dlstrict followed by a dinner ralsing over £9,c0. INVESTMENT POLICY AND PERFORll*lANCE Funds are kept in an interest-bearing bank account. FINANCIAL REVIEW RESERVES POLICY Activities are based on the funds avallable. so it Is not the Intent to retain re5eryes. PLANS FOR THE FUTURE NEPAL Thame Flood Relief.. Over the course of 2025 we expect to fund further flood relief projects in Thame and to SL4pport the communities of Tliame Teng (where many families have now moved tol and Khumlung (where Thame 5cliool now operates). Solar li8hts.' During her spring trek in Manaslu and Nar Phu, Val wlll be dlstrlbutlng Ilghts to more folks from remote communltles in those areas. We also plan to distribute li8htS to more of the outlying area5 Of Kathmandii Valley that remain without road acce55 followln8 Septembpr 2024's flood. Mobile medical clinics, eye clinlcs & glasses distribution.. The spring trek in Mana51u and Nar Phu will provlde Val and the group with the opportunity to run mobile medical cllnlcs and eye clinics and to distribute more of the reading and long dlstance glasses provlded by Pat ènd Dave Booth. Khumbu re8ion now ha5 an optician but vie plan to run a mobile eye clinic there too. Thame & Samdo schools: LED will continue sUPPOrt the Thame teacher and provlde school supplies for Thame and Samdo schools for another year. Bung Old People's Home.. LED will continue partnering with The Partner5 Nepal to support the runnlng costs of Bung old people's home. Solukhumbu reforestation.. LED will continue partnering with The Partners Nepal to support thelr "One Day One Tree" project.
PERU Solar lights: We wlll continue with our project to distribute LED solar li8hts to four new village communities in the Cordillera Blanca. Quishuar primary school: We will continue to provide school supplies each year. Quishuar Health Post: We will continue to fund the nurse and medical supplies, and on8oing maintenance of the building itself. Quishuar Health Post Volunteers: Three medlcal students are already confirmed for summer 2025. Val's planning mobile medical clinics during their time in the Cordillera Blanca which forms their elective placement. Greenhouses.. LED is fvnding the cost of replaclng three polytunnel greenhouses that were stolen from the health p05t during autumn 2024. The thieve5 also stole the four greenhouses the vlllagers constructed havin8 seen the benefits brou8ht by fresh vegetables grown In the health post 8reenhouses. GJ Buchan Company Secretary
Light Education Development Charifv No Com anv No 1141243 6468130 Annual accounts for the period eri en date Period start date 01-Feb-24 To 31-Jan-25 Section A Statement of financial activities (including summary income and expenditure account) Restrlct Income lund$ Unrestrlcted funds endowment funds Prlor year funds R¢¢ommend&d ¢atsgorlM by actlvlty Totsl fund$ Income (Note 3 Income and ondowmonts from: Dooallon8 8nd legacl88 Ch8ri1abl8 actiwllea F01 F02 F03 F04 F05 39,964 39,964 15,835 S02 or tr•dknB Inveslfflenl¥ S03 S04 Sop•rale matort11 It•m ol Incomo sos SO8 Ulhei Total ExpendSture (Note8 6) Exp•ndltyr• on.. Ralsing funds Chiri18bb aCthillOS S07 39,964 39,964 15,836 S09 24,909 24.909 14,848 S•parnle matsrfel ¢xpena• hom Oiher Total 510 S12 24,9)9 24,909 14, Net Incomel{expendlturel before tax for the reporting porlod T•x p•ypb S13 15,055 15,055 S14 Net Incomel(èxpenditure) after tax before Inve8tmeni galnsl(lossesl N8108ln8111088881 on Invejlrnents S15 15,055 15,055 988 516 Net iricomel{expendlturo1 Extraordinary iterns Transfern between fund8 Other recognised galn81{1088es): S17 Sl8 15,055 15,055 988 S19 Gains and10&se&on valUatIOn of fixed a%Eets for Ihtt charKy'B own use Other galnslllo818¥1 Net movement In fvnds S20 S21 S22 15,055 15,055 988 Reconclllatlon of funds., Totsi br0wJhl forw¥d Total funds carried forward S23 20,821 35,876 20.821 35.876 19,833 20,821 S24
Llghl Edu¢atlDn Development Charity No CnTnDallv No 1141243 6468130 Section 8 Balance sheet RKtrlcted Unrnstrleted Inccffie fund• funds Endowm•n¢ Totsl ¢hl$ funds year Tolal la•t yaar Fixed a880ts Intsnglble Tanglblo a¥8ets H•rStago a68•ts Invo•tm•nt• F01 F02 F03 F04 F05 (Nots 151 (Nots 141 INot• 161 (Noto 171 Total fix4d •8SOts 02 8rAI Current a880ts 8tock• INots 181 .O•btorn (Noto 191 In¥o•tm•nts INot• 17.41 C••h at bank and In h•nd INot• 241 rotal curr•nt •s8•ts eio B07 8C4 19,833 Credltorn: •mount• Iglllng du• wlthln ono yr (Nots 201 N•t¢urr•n¢ M¥•lrfll•b11tt10J B12 Tol•l •ss•ts loss ¢ume IlabMltI•¥ B13 Credltor8: •mount• lalllng du• after on• year (Note 201 Provl•lon• lor Ib•b151tl 16 rotal n•tau•ts orll•bllltl••' Fund8 of the Charlty Endowrn•nt lund8 (Not• 271 RtrICt•d Income lund• (Mot• 271 Unf••trlct•d fund• 35,878 3S,878. 19.833 817 B18 Big 35,878 35,878 19.833 R•v•lu4tlon T•1¥• Falr volufr rnMr B20 Totsl lunds 822 19,833 Tho ¢omp•ny w•s •ntlllod to •x•mptlon frnm audltund•rs47T of th• compan1 A¢t 2fM r•ladnB to sm•ll ¢omyni•¥. The rnemb•r4 not rgqulrvd the comp•ny to obtoln •n •udlt In •¢¢ordan¢• wllh $Ktlon 470 of (h• Comyniej Act 2006. Th• dlr•¢tors Jcknowledgo.th•lrrnsponslbllhl•s for eomplylng wlth the rwulr•monts ofth• Companlol Act wth re¥p•ct to occountlng rncords andtho pr•paradon of8¢¢ouni$, Thes• accounts •h PI•P•f¢d In •¢¢ord•nc• wlth th• pmvlslons appllcebh to sm•ll compahi sublect to th• small companl•s r•oim• ndin •¢¢ord8nce with FRS102 SORP. Signed by on• or tru5teesldirectors on behalf of all the tru8teesldlr8¢*ors Oate of approval ddlmm Print Narne Michael John Sm¢th SvJnaiur8 of dlrector aulhenll(xting ac<xunt$ b•ing Mnt lo Compan$ Htsu$• 22102r2025 174 (Exc811 1810912025
Section C Notes lo the a¢coLints Note 1 Ba818 of preparatk>n Thts s•¢tlon shouldbo complefed by all charltles. 1.18asis of accounting These accounts have b8èn prepared under the hlslorlcal cost Convention with items reco9nisad at cost or transaction value unless otherwise stated in the relevant notelsl to these accc4Jnts. The accounts have beon ropar¢d in accordance wrth". the Stslemenl ol R8comm8nded PraGtke.' Accounlng and Repr)rting by Chariiles preparing treir 8ccounls Iri 8ccordance wilh tre Financial Reporting Standard applicable in the UK and RÈpublic of Irèland IFRS 1021 issuèd on 16 July 2014 and with. and with. Iho Financial Rèporting Standard applicab In tha Unitad Kingdr)m and Republic ol Ireland IFRS 1021 and wth the Charitses Act 2011. Thè charity con81I1ules a publlc benéfit ents'ty 88 definéd by FRS 102. -TU 89 8ppropriat• 1,2 Go5ng concom Mth•rn aro materlal un¢•rt4lntl•s rnl•fvd to or ¢ondKlons th•t ¢•$t ¥lgnlfi¢*nt doubt on th• ¢harty's &blllty lo conllnu• •s o qolng ¢onc•m, plea¥•provld• th• followlnq d•t•lls or•t•te 'Noi •ppll¢aOl•". M •pproprl•t•.' An explanatson 86 to th08e 1gCtors that support the Conclusion that the charity 18 a going concern., Not Appllc•bl• Di8¢108uffj ol any uncertainties trat make the going t)eeM assumption doubtful,. NotAppllc•bl• Where accounts are not prepared on a going coneem basis, please disclose this lact logelhgr vllh the b8618 on whlch the trustees prepared the accounts and the eSOn why lh6 charity is not r¢9grde¢J 8$ 8 golng con¢em, Ilo¢Appll¢•bl• 1.3 Changg of accountlng pollcy The aOunts pr88enl a true and lair view 8ntJ no changeB have been rn8de lo the ac¢ounth'ng policies adcsjted in note l }. Yos. -T 06 appropriat• No" Pl•aso dlsclos•." (i) th• natur• of th• chang• In •¢¢ountlng poII¢y,' (Ilj tho rnasons whyapplylng lh• newKcountlftgpoll¢y pmvldos morg rnllable and mor• r•l•vant Infomiatlon.. CC17a (Excell 1810912025
(111) th• amount of Iho •dlu¥tmenl for each Ilne affected In th• currgntp•rlod, each prlorpertodprnSt0dand th• aggr•gat• amount of th• adjuslment relatlng to p•rlods b¢for• tho$e presented. 3.44 FRS102 SQRP. 1.4 Chang88 to accountlng estlmates No changè5 lo accounkn'ng e5tirn8tes have oCJrred in the r8POrting period13.46 FRS102 SORPI. Ye8. No" -TK 08 approprle Pl•as• dl¥cloM.' (i) th• naturn of anychang•8.' Not applible (Ilj th• •ff•ct of the change on Incomo •nd •xp•n8• or &s$•i$ and Il•blllllos lor th• currentporlod.. and flll) wh•r•practlcablo, th• •ff•et of th• changé In on• or morn futurn pwlods. 1.6 Mat•rlo1 prfor yr •rror• No matèrial rior ear error have been identified in the re Yes. ortin eriod 3.47 FRS102 SORP . No. -Tkk •• •pproprknt8 Pl8ase dlsclo¥•." (l) th• nrn of tho prlorp•rlod •rror Not Apocoblo (io ror •8¢h prlorp•rfodpresentodln th• accounts. th• amount of Iho COTr•cdon for•ach account Iln• It•m Jff•ct•d.' nd (Ill) th• amount of th• ¢orrw¢tlon •1 th• b•glnnlng of th• varthstprforportodprnsenl•d in the Jccounts. CC17a IExc411 1810912025
Svclioii C Noto 2 Accountin9 poll¢le• lar•ntorddlllon•lpolltyhs b•4ftadopMdthon thd•tslWln th¢•oxb•low. 2.1 RECONCILIATION WITH PREVIOUS GENEPALLY ACCEPTED ACCOUNTING PRACTICE Pl•41• provkle a desthplton ofth• n•tuv• o1o•¢h ¢hang• ounlng pc41Gy PiIA Il•¢vn¢lH•llon of luntspvw•vlow ¢JAAPto 102 91•rt ol End of p•rlod Fund b•l•n¢4 11 y•vbAty Att¥d A¢Ift¥•.' Fund lIn¢• nr••t•t•d 102 End ol Not In¢om•ll•xp•ndlbJr•li• y•vlou •t4t•d AtyJu•mwrf•.' PfvvI0I pwlDd nlt kncoThl•xp•nthr•l •• rvt•l•d CC17• lEor}
SÈLlion C Ntsies to tho ,1tcoiJiil% Note 2 2.2 INCOME Account4ng policlfrs R¥gnI olln¢on The6e 8 t Statement of FinanoalAcbvi15 (SOFA) Ythw. Ihe torneS lolhe reeour¢eJ', it ia moots'kttythan notlh8t ihè tru8teos ¥11 rec& the re8our¢e8,' the nnetw¥s1è be measured with Suffic1 rèlialIty Yes. No" Nl4' ' kngre has been no olT5ethng ol aYlletB and lidlie$, orincome and ew88s. un rwuYs¢ or pormffled Oy FRS 102 SORP or FRS 102. No. P41•" GF•nt• and dnn4boro we ¢Jity Induded in the SOFA wh8n Int gènÈrnl inwme recognrfn cr148 ale meli6 10 to S 12 FRS102 SORPI. Yes. No. Nla. lth use ol yerforrnarK• MlatodgrantB, Intomtr muai be rwnlaeo b Iheextenl t11ty hès pded t gor8 or alenthuamoni toih&ornni occurn pèrform•nco cOndOn •r• m8115.16 FRS 102 SORP). Yes. No. Nl4' L•oaclvJ oi• Ind80 In the SOFA when elp1 18 proDae, Ihal 18, whBn there hEi b6tr1l grani ol WOb8tè. tho otorS thavt •tsitii$hoa Ih•l Ihwear8 8Utfi(aem ••iolBin the e$t8te 8nd any ¢llTr att•c b the gaty wo eiih•r tho >ir01¢O L•O•d•• Yes. Wo. Nl•' No. Th• thvlty r•G•W 9ts¥ornmllnlqrinlD In tho rnwNrvJ Ohl reulv4b i In lllCGme whfin ihèi• it • Valld from Ihe don. Any GIft 4mounl rttov•ThJ on a don4tk)n 10 conoideTed to ba partol ihal gift •thJ 18 treaied as in 8ddKi¢n t4 lh8 J•me luila 8Jlh• Inillol don¥lion unle¥$ I donor u Ih t•rrnsaltM appeal h•ve iPBdfknd ouioThIM. Ye8. No. NIA. don•llon• •nd glft• Cothtrxtual In¢om• and Th1• wly Indu h IS¢FA orrt•lMcMrfty lias lh• ffjlat•d or (Yrn•t lh• PIrr4 r•ted rdItIon grints Y¢s" No. a. Dongied fv8 8rn ff•a•uF•d 91 r•lF ¥•• Ithe arnouTrt coUj b •xching8dl Un Impr4di¢ai to¢ 80. lair val9 olthNo 9hfts Kl the Ilffleof thr rvctripilnd Ihw¥refetrJanis•d on fec•pl In reporuno twiod In Wnlch IM BIDck•4re dIRbib1ed. Ihy•r• recooniithj 414n Ye$. Nla. Don8d gor110[ rn8•1o are rne•sur¢d •1folrv0 on InltsAI T4OlIn. thlch i• expeL2 procwdi ItDm la171q¥JtxPtad co6th ol 88, •nd fecowlgBd 'Inl ftom othgr wadlng aCfvvil&'Wrth the coireyndlnB BtoEk recognl88d In thè balance Rho81 On 88le the of •loth lo chsrged aWns1'lnrAJrne from olherir4dlng adivhieB' ana tho Ifom 4100 rwnlued ••'lrKomTrfrom oth•rb7dl acfyvils, Ye$. No. Nl4' GOO uon&tsd forwomg u88 by the ¢adty r0ftgnad a• t4nglt4• flxgd abt•ts d Ided 8DFA all InE4mlry m0urt4yj•Tr rac8k4ab. Yes. No. Nl8' Glfti In klnd lorulp bytrftchjrity ar• th• SOFA •$lrurne frorn whon ¥•b Ye$. No. Donthd •orvlcg• •n l•clNtI•J aeThic88 and ra11e9 are I10 In Ihe SOFAthan rnceNed 41 the valL¥tot tothe chantypro¥wj1 the valueol iha grftcan teme8wJred Yes. No. Nl8' rbnated laL¥ithe8ihitat8 r¥)n8uNd lrnnxdl•letyBr8 recA)llni&ed aneryivrAenl amcuntrowwised ao thKlerthe¥ppropriat• dlng In the SOFA Yes. No. Nla. Yes. No. Nl8" SwportGO The chty has lnujrd exwdthjoTh 5UPWrtco8t8. Tnè yu9 ofany¥duntsry h•lp rOknd l& not IndLthd u) the 8¢CQUnt8 but1•d0Bbsd Yes. No. 14" CC17 FRS 102 SORP 18109r2025
vvi¥iiw I1 in the trultees'ann1 rewt. orn Imm ithr myiltl•i aThd ald9dI i Inddad kn Ifth4CcUt5 ¥Jhen r•Lpt th•4rnouni •¥&1 (¥n b• me89tsred rd No. Nla" Incr¢ fraffl mBmb•r¥hlp mbalIp 8ub8cWon8 In the natyjre 018 gfft •[? recc4n&gd In DaMIknI bBrrfptlon• Legxles. No. Nlll. mbu1Oubu¢piTh8Wknam1h8 u(other b8MIt8 are récotyni88d 8¥1rtsThearwl from th8 pvIsIon of gouo? and Rerwc8B Irthmtr from thantsb athv51h8S. No. sni1Mn01nAllr Iroyrarrt ¢JaimJ are on1n¢ld¢d In the SoFAwhenthO irt1 mcognlon ¢kn• we mel15.10 10 S.12 FRS102 SORPI are Induded an ofoth¢r Int4)me In SOFA. Yes. Na. Nl&' Th h¢lLe8 any re81iW orunrt81wd o•in$ty lo¢$ on the InVe•tLI and 8nyqainor wulbw from raVa1ftg M•rk61¥8l 81 tho ond ol the Ye$" Nu. Nla. 2.3 EXPENDITURE AND LIA81LITIES Lk9biliti•& 818 rtcooniud thr•1118 mole Ikely th•n rnotlh vd • Iw•l r GonBtrucMobIigllli wrnffl1tt1ng the chaiity P4yOUt rqwurc88 and tha aMLnI of the Obligthi can te m6a8ur80 4¥ilh rea80n8bCprtointy. Yej. No. Nla. Llablllty Mcognwon Go¥•m•R Ind •¥pport suOn¢tI been alkvted boTh¥othi gov•manc•wgti •1 oth•r•upp>¢ CO51¥n1se al co4t5 In¥e4viw wbwc Ktsxfflts1ltyOf the Choty4 I mpllanal wilh ro9ulalKn 4nd gaod PTadcq. Support Indud•centr81 lUnctnI and ha bwn •llocaied 10 cVY cost c•1egod è b••15 conjblenl wllh Ihe w 0frwurj, E9 alltir¥ byfvoraru$, or p•r C•1•. ILgff coii•ty the Ilnx $penl¥nd olh•r¢oJlb ty IheK u419•. No. Nll. No. Grant• w#b WrfOrnMn Wher8 th6 th•1ty91¥88 4 or•ni WbtD oI0n101 I p8ym•nl Wroa •pecll l•velof ondllbon Bc9 oi oulput to b• provided, &Kh granlj arelY In Ihw SOFA onco tho Tr•Jty•nlot ihe 9r8nl lh• ¥•dfi£d oi oulpul. Yea. N¢. Nl•' @rn th•r• no condrt10 AitHching to Eh• Ih•l eMDIE8 ih? p•rfomillfi¢•condltloM wli$lc811y8¥oKI ihe erfflmibM•nl, • 14qtsHtyfor thè fuii runthr4 obiigatson rnu•i bg fetognld. Ye8. No. Nla. YeB' NL>' Th•¢harhy maoe M mdwd•nw pa>rnt5 dn0 th• r•FryUno pfrrtod. D•l•rr•d Inrorn• Y88. No. Wo rn•twl It•m of dof8iMd Irme hus t•en IrJ00¢ In the arwunts. ¢r•dttor¥ The chaihy h81 endlrn whlth arn mea8urnd al kMen1•MOu0 Imo •rrylr8d• dlwJunts No. A liibility its moatsuTed on rteL¥nilwJn ai hilto LTht aNI In auoJoqu8nly rneoBured •llhÈ be¢leJiim•l¢ ollhe¥ffoJntrequlrod to4ettlOlhtr ov¥bOn rewrbno oat• Thè Ghllrtty icc4uth8 for InStrurn¥Dts on iniik91 f•eoonilion $8 F4r pira9r4ph 10 7 FRS102 SORP Subi•4u•nl Ll •5 wr•ui•phs it.17 10 11 IP. FRSIQ2 SORP ProYthlon• lor IlllblMtknA Yes" No. No. la. 2.4 ASSETS Tirylbl•fflA•d •M•t• lor Thoè•e ¢aprftiN8eJ ilthay can b• u84d for m(0 ihen C•V08r. aTrJ colt al le86t • by ch•rfty No. Nla. Thoyare valued aicotst. ThEdEpr¥bVon rth melhrl# used •reiN¥aoJed hi Dole 14. charitytto& intsngStrAe Ixed Dsyets. thDtlJ. rthi.monetya88ettsthatdotiot hw• phyBuI Sub&lance kknlifi8blfr dnd are con1rled bythe Gh3ritylhroUgMcuodY orleo81 nohts. The amoth8abon r8188 and meimds u8eo ared18c8 In wto 15. irt•nglbl•flx4d aB••ts Ye5" No. a" Try are vue# gtco¥¢. Yes" No. Nta" The th*ilty ha$tt6ntsoea$8ets, thai 15, nrTrmonet8ry 8##eLltr hi#tonq ArbBI techDDical geophy5Kal 0reDwMvntal quglib8S th8twe held and maintained Pri1pallY forrtribthK> k) knLv4ledge Thè fflethod¥ ujed a¥dbc1W in 18. Nla" Heryoye M•ets Thvrfar8 valued alt CC17 FRS 102 SORP 1WO912025
FedaYs&t Inv8$¢nt$ kn qd 8hara&. trad6a mIlarinve5no[ are valued alinra1t ts)si subFequDntty atfrv41ufr (t11 ffwrketv8luo1 •t the 8nd. ThtrsarneI4tfflentls4PpIl0d to unliAtod IntmO Lf10 tairv81 M01t na5ured rBlAblylnwh 8ico81 88 ryaiTment Yes" Nl8" In¥estfflents hdd for ro•A¢¥plrath0S&18 and caeh and caEh fflltttydlto1[elhan l sw8r8 tftated as (¥JiMI wbMtkivelltmMtB Yes. Nla. sto¢k• •rnl )rk In Sk¢ks tsld for8ale aspart crfnoJritIb tradearnj al th8 orcoBI nel r8al88tié walL. Ye$. 140" Gar¥Js or yovllod ks p•n ol aehanwble activtyare mèwjreo atnDtr81saLI vak b08ed ibe 88rvke wtonbal by ol Sto. Wtr in ¥aad alcost •nYf•bl•lO¥¥ that Vd Ilkely tottgJi onth• caitract Ye$. DobiN8 onclud9 tsade deblord roans [1vablI are rn•owred on kni11 couniUoTr &1 ttle•ThI amount éfter4ny tradIsCOun •mntgd¥•rthd tyth• tharty. Subwuenlty, th•y4re weuiJ 41 th8 c•bhor Otnefeon6 ttxpetltd io be reulvea The chaity has hohY$ tr It10 N p8noino thdr 8•10 8ndtstshd cash equlvaknnL wlh • d•ie than year TheBe on dEpot ano ca8h oquivawtivlih a malulltyof8B Ihan yqai kn¥•Blmnl wipwe$ 111hEr1 lo rne•l ¥h-1•1M wfflm1tmts •1 th•y lall thjo. O•btor• No. No. Nl•' Currffit •BMt In¥••tM•nts Yel" Nla. POLICIES ADOPTED ADOlfONAL TO OR OIFFERENT FROM Th03E ABOVE CC17 FRS 102 SORP 18IOW2025
Section C Notes to the accounts (contl Note 24 Cash at bank and In hand This year Last year Short t•mi ca•h Inv•8tmont8 (less than 3 months maturlty date) Short temi d8po•lt8 Cash at bwnk and on hand Other Total 35,876 20,8 CC17a (Excell 1810912025
Seitior Notes to the accounts (conti Note 28 Transactlons wlth truste and related parties Utho charlty has any transactlon5 wlth r•l&t•dpartl•s {oth•rlhan th• Int0• •XP•n5 explainedln guidance not•s) details of8ueh transJctions should bg pmvided in this note. If ther• •re no trnnactions to please ont•r"Twè" In the box or-False" rfthere are transactlons to report 28.1 Trustee remuneratlon and beneflts Thls year Nono ol the tru8te•• have b•on pald any r•mun•rnilon or r•e•l¥•d any oth•r b•n•fits from an •mploym•nt wlth tholr charfty or a related entlty ITru• or Fal••l TRUE In th• porlod tho chwlty ha8 pald trust••8 Inunar•I1On andb•n•ffts. Pl•as• olv• th• amount of, and l•galauthorfty lor, any r•mun•ratlon oroth•rb•neffts pald to • trust•• by th• ch•rty or any Instltutlon orcompany conn•ct•d wllh IL Arnounts pald or benefit valu• Legal authorlty l•g ordor, govtrmlng do¢umantl Romun•rntlon P•n•lon ¢ontdbullon R•dundan¢y Iln¢ludln9 lo•• ol officoV•x ratl• oth•r TOTAL N•m• oftru•ts• PI•M• glv• d•tsll• ofwhy r•mun•r•tlon or oth•r •mploym•nt R•ffts w•r•pald h•r• an •x grntla paym•nt has bo•n m•d• to • trustfy•. provld• an •xplanarfon ofth• naturn 01th•mOrtL If• thlrdparty hes b••n r•lmbur¥•d forprovldlng on• or more tru$teS. 5t•te the nature of th• p•ynient and amount ofth• r•lmbuTsemèn£ Stat• the numb8r of trustoos to whom r•tlr•m•ntb•n•ftts arn accrulng und•r • d•flMdcontrlbutlon p•ft¥lon sch•me. CC17A IExt*ll 1810912025
La¥t year None Of the tru•tseJ havo boen pald any r•muneratlon or rncelved any other bets from an •mploymènt wlth thoir charity or ¥ relatsd enuty ITrug or Fo1•91 TRUE In th• p•rtod Iho charfty has pald Irusto08 remunernuon and 0ffts. Pl•ase glve th• amountof, and 1wlahorfty for, •ny rgmuh¢rniTon orolh•rb•n•fits p•id to • trusts• by the charl.Or•nY.ln$1ltUtl0n or comp•ny ¢onnecte<l wlth it . Amounts pald or belleflt value R•munoratlon Penslon contrlbutlon Redundancy Ilnclvdlng loss of offiVeX grati Oihor TOTAL Lagal thuthorlty l•g ord•r. governlng document) Name of tru•teo Ple•$¢ glv• datall$ olwhy remun•rntlon or o¢h•r •mploym•nl l)•nvflts r•p•1. Whem On ex yr•fi• wym•nt h48 b••n m•d• to • tru•t••. provlde •n •xpl•naflon of the naturn of th• paynmnt. Ma thlrdparty has bn f•lmbursod forprovlding on• or mor• Irustws. slat• th• natur• 01th8 paymént •nd mount orth• r•lmburn•m¢nt. St•t• th• numb•roltrust•e# to whom rntlrnmontb•n•fft8 •r• •¢¢rulnq undva (l•fln•d ¢onirlbullon p•nslon ¢h•m•. 28.2 Trust8os' oxp8nseJ Ilthe charlty has ld truslg•s •xp•nses lorfulfflling th•lrdvtlo5, d•talls ofsuch tr•nsartlons should bgpmvld9d In Ihls noto. Irthor• aro no traft$•etion$ to report. pleas• ni•r"Trno" In th• box b•low. Mthgre are trnnsactlons to r•port, pl••so •nlor"Fals•". No trustee expens h•ve been Incurred (True or Falle TRUE Typo ofoxpen8es rnlmburtyod Thlo year Last yoar Trnl Sub•lst•nc• Accommodatlon Oth•r Ipleue speclfyl: TOTAL CC178 (Excall 1810912025
Pl• provld th• number of trustee8 relmbur8ed for expengeg or who had expen8•8 pald by thè charlty 28.3 Tran•a¢tion{¥l wlth related partles Ploasg glvg d•tall$ of any tr#n$a¢tlon undertaken by (or on behaKofj the charlty In whkh a rolatpartY hag a materlal In¢•r•s¢ Includlng whwe fvn(ts hav• bo•n h•lda8 ag•nt for relat•dpartl•s. If ther• ar• no $uch trantIons. Pl$0 4ntor Ynm. In th• box provid•d. Th18 year Th•r• h•v• b9•n no r•latsd party lrnn•actlon• In th• rnportlng perlod ITru? or Fal••l TRUE Amounts wrltt&n off durlng reportlng rlod Namè of th• tru•t•• or r•latsd party Rglatl¢Jn•hlp to ch•dty D••crlpt5on ol th• tran•actlonl•l Pmvl•lon lor bad d•bl• t porlod ond Amount Balanc• At rlod •nd In rnlatlon to thg n$tIOnS abov•. pl•as•provld• th• t•rni8 and condltl¢)ni, Includlng any s•curlly •nd th• n•ture olanyp•ym•nt fcon8ld•r•tlon) lo b• pmvlded In ¥ettl•menL Forany r•l•todparty. pl••• provld• d•t4lls ol•nv guarnntM• Wv•n 0rrnc•l. Last year Th•f• hav• b••n no r•l8t•d paty tr•ii•o¢UonA In th& r•portlng yrlod (True or F•l••l TRUE Amountg wrlttèn off durSng rnportlng rlod Nam• of th• Iru•ts• or f•lat•d party Relatlon•hlp to ch¥rlty D••crlpllon ol th• tranBactlonl•l Arnount Balanco at perlod end Provl•lon ftr b•d dobt• at porlod •nd In rnlatlon to tho transactlons 8bov4 pleas• provld• th• temis and¢ondltlons. Includlng any $ocurfty and the ft•tur• olanyp•ymgnt (cgn¥id•FUtlon) lo IM PTovldodln setll•menL Forany rela1•drty, pl8as• pmvkl• d•tails olany guarantees given Orr•Cv•d. CC178 (Exrkll 1P40912025
Reglstered Number: 6468130 Charlty Number. 1141243 UGHT EDUCATION DEVELOPMENT (a company Ilmlted by guarantsel TRUSTEES REPORT AND UNAUDITED FINANCIAL STATEMEPITS FOR THE YEAR ENDED JI JANUARY 2025
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY AND ITS TRUSTEES FOR THE YEAR ENDED 31 JANUARY 2024 TRUSTEES GJ Buchan FWTChlu' S Cocker M Loosemore MJ Smlth 'Fwf Chiu resi8ned as a trustee on 10 Aprll 20?.4 COMPANY REGISTERED NUMBER 6468130 CHARITY REGISTERED NUMBER 1141243 REGISTERED OFFICE 29 Asmuns Hlll London NWII 6ES COMPANY SECRETARY GJ Buchan
TRUSTEES, REPORT FOR THE YEAR ENDED 31 JANUARY 2025 The Trustees (who are the directors of the company for the purpose5 of the Companles .4ct 20061 pre5enl their annual report together with the unaudited financial statements of Llght Educatlon Development (the "company") for the year ended 31 January 2025. The Trustees conflrm that the Annual Report and financial statements of the company comply with the current statutory requlrements. the requirement5 of the company's governing document and the Statement of Recommended Practice applicable to charities preparing their accounts in accordance wlth the Financial Reporting Standard applicable in the UK and the Republic of Ireland IFRS 1021. STRucfuRE. GOVERNANCE AND MANAGEMENT CONSTITUTION The company is registered as a charitable company limlted by guarantee Icompany number 64681301. The company 15 incorporated under the Companies Act 2CK16 and Is a registered charlty nurnber 1141243: The principal object of the company Is tu promote sustainable development for the beneflt of the publlc In Peru, Nepal and elsewhere in the world. METHOD OF APPOINTMENT OR EIEcfioN OF TRUSTEES The mana8ement of the Company is the responsibillty of the Trustees who are elected and co-opted under the terms of the Memorandum and Articles of Association of the company. POUCIE5 ADOPTED FOR THE INDUCTION ANO TRAINING OF TRUSTEES On appolntment, the Trustees are provlded with a copy of the Memorandum and Articles of AssocSatlon of the company and a copy of the Charlty Commissioii'5 Guldance Yhe E55entlal Trustee: What You Need to Kno. They are then thoroughly brlefed on the aims and activities of the charlty. ORGANISATIONAL STRucfuRE AND DECISION MAKING The activities of the charity are managed by the Trustees. There are at least two formal annual meetin85 tO8ether with contact as requlred between the Trustees and those performing operatlons In the field. RELATED PARfi RELATIONSHIPS During this financial year, the company contributed to The Partners Nepal for two project5.. funding for the Elderly Care Centre in Bung and the "One Day One Tree" Reforestation Programme. The company also provide funds to the Himalayan Trust to fund emergency relief in and around Thame in Nepal following the flood cause by the bursting of two glacial lakes above Thame.
RISK MANAGEMENT The Trustees have assessed the major risks to whlch the company Is exposed, In partlcular. those related to the operations and finances of the company and are satlsfled that systems and procedures are in place to mitigate exposure to the major rSsks. We carry Public & Products Liability Insurance and Employers, Liabillty, Professional Liability & Management Liability Insurance. OBJEcfivES AND ACTIVITIES POLICIES AND OBJECTIVES LED is a charlty to support the philanthropic activities of Val Pitkethly In remote mountaln communitles in South America and the Himalayas. It is not affiliated to any other group, religlous or otheThvise, and Is funded malnly through the donations of those associated with Val's trekking work. Admlnistered by veterans of Val's expedltions, the aim of the charity is to provlde low-tech solutlons to 3 baslc needs; cheap affordable li8liting, basic education and healthcare leadin8 to economii developrnent for the poorest people In these regions. VOLUNTEERS Volunteers are mostly people who have partlcipated in treks run by Val Pitkethly and have seen at first hand the benefits of the work she l)as done In the past. In additlon, Ithreel medical students from Cambridge UnlversSty carried out thelr overseas elective programme at the health post funded by the company in Quishuar, Peru in the summer of 2024. ACMIEVEMENT5 AND PERFORMANCE REVIEW OF AcfiviTIES In the year to 31 January 2025, we comblned core projects- solar light distribution. education and health development in the remote communities in Nepal and Peru- with dlsaster relief following the Thame glacial lake outburst flood in Nepal. NEPAL As well as providin8 school supplies in Thame {Solukhumbul and Manaslu (Gorkha districtl, we continued to provide funding to the local school in Thame which enabled them to continue engaging the Services of a full time teacher at the school for another year. Following the Thame Flood. all the children and staff are now based at the School in Khumjung.
In August 2024 two glacial lakes above Thame village burst and water, mud. l)oulders and debris flooded down the valley. The flood destroyed many of the homes and bu5ines5es in Thame, the health post and School. autumn crop5 and winter stores, the hydro electric plant and trails to and from the village. Working through the Himalayan Trust and local contacts we focused on providing fundlng for initial food supplies and ensuring the education for the children of Thame. LED partners with Ang Rita Sherpa of The Partners Nepal on their'one Day One Tree" project which focuses on planting natlve tree specles, siich as rhododendrons, Junipers, birch, and fir, in key areas of Solukhumbu, including Khunde, Khumjung, and Pangboche. This not only enhances forest cover but a150 delivers critical ecolo8ical benefits, suth as stabilizin8 soil, improvin8 watershed health, and creatin8 habitats for local wildlife. Rooted in it5 collaborative approach, the program has also ralsed awareness among communities about the vltal role forests play in mitigating the effects of climate change. We also support The Partners Nepal with the running COSt5 of the Elderly Care Center old people's home in 8ung. Followin8 the floods that hit the Kathmandu Valley In September 2024. Mingmi and Tenzi Sherpa distributed LED solar lights to outlying areas. l % day's walk from Kathmandu. PERU We continued to fund the nurse and medical 5upplie5 at Quishuar Health Post. We distrlbuted LED 501ar Ilghts to 4 new villa8e communities in the Cordlllera Blanca, startin8 a project orlginally planned In 2019. We provlded school supplles to Quishuar primary school. In May 2024, the Wonky Wombats jolned Val on a trek in the Cordillera Blanca, bringing eye glasses with them all the way from Australla and helplng to conduct eye clinics. We also funded repairs at Quishuar Health Post and worked with the village committee to reorgani5e the water Supply for the village, including the supply fur the health post. FUNDRAISING ACTIVITIES AND INCOME GENERATION Our Just Glv5ng account has been a successful route for donations and we continue to encourage potential donors to enter sponsored events such a5 marathons etc.
LED is re8lStered with easyfundraisin8.org.uk whlch allows us to fundraise when participants shop online. In September 2024. we held a sponsored walk in the Bassenthwaite and Skiddaw area of the Lake Dlstrict followed by a dinner ralsing over £9,c0. INVESTMENT POLICY AND PERFORll*lANCE Funds are kept in an interest-bearing bank account. FINANCIAL REVIEW RESERVES POLICY Activities are based on the funds avallable. so it Is not the Intent to retain re5eryes. PLANS FOR THE FUTURE NEPAL Thame Flood Relief.. Over the course of 2025 we expect to fund further flood relief projects in Thame and to SL4pport the communities of Tliame Teng (where many families have now moved tol and Khumlung (where Thame 5cliool now operates). Solar li8hts.' During her spring trek in Manaslu and Nar Phu, Val wlll be dlstrlbutlng Ilghts to more folks from remote communltles in those areas. We also plan to distribute li8htS to more of the outlying area5 Of Kathmandii Valley that remain without road acce55 followln8 Septembpr 2024's flood. Mobile medical clinics, eye clinlcs & glasses distribution.. The spring trek in Mana51u and Nar Phu will provlde Val and the group with the opportunity to run mobile medical cllnlcs and eye clinics and to distribute more of the reading and long dlstance glasses provlded by Pat ènd Dave Booth. Khumbu re8ion now ha5 an optician but vie plan to run a mobile eye clinic there too. Thame & Samdo schools: LED will continue sUPPOrt the Thame teacher and provlde school supplies for Thame and Samdo schools for another year. Bung Old People's Home.. LED will continue partnering with The Partner5 Nepal to support the runnlng costs of Bung old people's home. Solukhumbu reforestation.. LED will continue partnering with The Partners Nepal to support thelr "One Day One Tree" project.
PERU Solar lights: We wlll continue with our project to distribute LED solar li8hts to four new village communities in the Cordillera Blanca. Quishuar primary school: We will continue to provide school supplies each year. Quishuar Health Post: We will continue to fund the nurse and medical supplies, and on8oing maintenance of the building itself. Quishuar Health Post Volunteers: Three medlcal students are already confirmed for summer 2025. Val's planning mobile medical clinics during their time in the Cordillera Blanca which forms their elective placement. Greenhouses.. LED is fvnding the cost of replaclng three polytunnel greenhouses that were stolen from the health p05t during autumn 2024. The thieve5 also stole the four greenhouses the vlllagers constructed havin8 seen the benefits brou8ht by fresh vegetables grown In the health post 8reenhouses. GJ Buchan Company Secretary
Light Education Development Charifv No Com anv No 1141243 6468130 Annual accounts for the period eri en date Period start date 01-Feb-24 To 31-Jan-25 Section A Statement of financial activities (including summary income and expenditure account) Restrlct Income lund$ Unrestrlcted funds endowment funds Prlor year funds R¢¢ommend&d ¢atsgorlM by actlvlty Totsl fund$ Income (Note 3 Income and ondowmonts from: Dooallon8 8nd legacl88 Ch8ri1abl8 actiwllea F01 F02 F03 F04 F05 39,964 39,964 15,835 S02 or tr•dknB Inveslfflenl¥ S03 S04 Sop•rale matort11 It•m ol Incomo sos SO8 Ulhei Total ExpendSture (Note8 6) Exp•ndltyr• on.. Ralsing funds Chiri18bb aCthillOS S07 39,964 39,964 15,836 S09 24,909 24.909 14,848 S•parnle matsrfel ¢xpena• hom Oiher Total 510 S12 24,9)9 24,909 14, Net Incomel{expendlturel before tax for the reporting porlod T•x p•ypb S13 15,055 15,055 S14 Net Incomel(èxpenditure) after tax before Inve8tmeni galnsl(lossesl N8108ln8111088881 on Invejlrnents S15 15,055 15,055 988 516 Net iricomel{expendlturo1 Extraordinary iterns Transfern between fund8 Other recognised galn81{1088es): S17 Sl8 15,055 15,055 988 S19 Gains and10&se&on valUatIOn of fixed a%Eets for Ihtt charKy'B own use Other galnslllo818¥1 Net movement In fvnds S20 S21 S22 15,055 15,055 988 Reconclllatlon of funds., Totsi br0wJhl forw¥d Total funds carried forward S23 20,821 35,876 20.821 35.876 19,833 20,821 S24
Llghl Edu¢atlDn Development Charity No CnTnDallv No 1141243 6468130 Section 8 Balance sheet RKtrlcted Unrnstrleted Inccffie fund• funds Endowm•n¢ Totsl ¢hl$ funds year Tolal la•t yaar Fixed a880ts Intsnglble Tanglblo a¥8ets H•rStago a68•ts Invo•tm•nt• F01 F02 F03 F04 F05 (Nots 151 (Nots 141 INot• 161 (Noto 171 Total fix4d •8SOts 02 8rAI Current a880ts 8tock• INots 181 .O•btorn (Noto 191 In¥o•tm•nts INot• 17.41 C••h at bank and In h•nd INot• 241 rotal curr•nt •s8•ts eio B07 8C4 19,833 Credltorn: •mount• Iglllng du• wlthln ono yr (Nots 201 N•t¢urr•n¢ M¥•lrfll•b11tt10J B12 Tol•l •ss•ts loss ¢ume IlabMltI•¥ B13 Credltor8: •mount• lalllng du• after on• year (Note 201 Provl•lon• lor Ib•b151tl 16 rotal n•tau•ts orll•bllltl••' Fund8 of the Charlty Endowrn•nt lund8 (Not• 271 RtrICt•d Income lund• (Mot• 271 Unf••trlct•d fund• 35,878 3S,878. 19.833 817 B18 Big 35,878 35,878 19.833 R•v•lu4tlon T•1¥• Falr volufr rnMr B20 Totsl lunds 822 19,833 Tho ¢omp•ny w•s •ntlllod to •x•mptlon frnm audltund•rs47T of th• compan1 A¢t 2fM r•ladnB to sm•ll ¢omyni•¥. The rnemb•r4 not rgqulrvd the comp•ny to obtoln •n •udlt In •¢¢ordan¢• wllh $Ktlon 470 of (h• Comyniej Act 2006. Th• dlr•¢tors Jcknowledgo.th•lrrnsponslbllhl•s for eomplylng wlth the rwulr•monts ofth• Companlol Act wth re¥p•ct to occountlng rncords andtho pr•paradon of8¢¢ouni$, Thes• accounts •h PI•P•f¢d In •¢¢ord•nc• wlth th• pmvlslons appllcebh to sm•ll compahi sublect to th• small companl•s r•oim• ndin •¢¢ord8nce with FRS102 SORP. Signed by on• or tru5teesldirectors on behalf of all the tru8teesldlr8¢*ors Oate of approval ddlmm Print Narne Michael John Sm¢th SvJnaiur8 of dlrector aulhenll(xting ac<xunt$ b•ing Mnt lo Compan$ Htsu$• 22102r2025 174 (Exc811 1810912025
Section C Notes lo the a¢coLints Note 1 Ba818 of preparatk>n Thts s•¢tlon shouldbo complefed by all charltles. 1.18asis of accounting These accounts have b8èn prepared under the hlslorlcal cost Convention with items reco9nisad at cost or transaction value unless otherwise stated in the relevant notelsl to these accc4Jnts. The accounts have beon ropar¢d in accordance wrth". the Stslemenl ol R8comm8nded PraGtke.' Accounlng and Repr)rting by Chariiles preparing treir 8ccounls Iri 8ccordance wilh tre Financial Reporting Standard applicable in the UK and RÈpublic of Irèland IFRS 1021 issuèd on 16 July 2014 and with. and with. Iho Financial Rèporting Standard applicab In tha Unitad Kingdr)m and Republic ol Ireland IFRS 1021 and wth the Charitses Act 2011. Thè charity con81I1ules a publlc benéfit ents'ty 88 definéd by FRS 102. -TU 89 8ppropriat• 1,2 Go5ng concom Mth•rn aro materlal un¢•rt4lntl•s rnl•fvd to or ¢ondKlons th•t ¢•$t ¥lgnlfi¢*nt doubt on th• ¢harty's &blllty lo conllnu• •s o qolng ¢onc•m, plea¥•provld• th• followlnq d•t•lls or•t•te 'Noi •ppll¢aOl•". M •pproprl•t•.' An explanatson 86 to th08e 1gCtors that support the Conclusion that the charity 18 a going concern., Not Appllc•bl• Di8¢108uffj ol any uncertainties trat make the going t)eeM assumption doubtful,. NotAppllc•bl• Where accounts are not prepared on a going coneem basis, please disclose this lact logelhgr vllh the b8618 on whlch the trustees prepared the accounts and the eSOn why lh6 charity is not r¢9grde¢J 8$ 8 golng con¢em, Ilo¢Appll¢•bl• 1.3 Changg of accountlng pollcy The aOunts pr88enl a true and lair view 8ntJ no changeB have been rn8de lo the ac¢ounth'ng policies adcsjted in note l }. Yos. -T 06 appropriat• No" Pl•aso dlsclos•." (i) th• natur• of th• chang• In •¢¢ountlng poII¢y,' (Ilj tho rnasons whyapplylng lh• newKcountlftgpoll¢y pmvldos morg rnllable and mor• r•l•vant Infomiatlon.. CC17a (Excell 1810912025
(111) th• amount of Iho •dlu¥tmenl for each Ilne affected In th• currgntp•rlod, each prlorpertodprnSt0dand th• aggr•gat• amount of th• adjuslment relatlng to p•rlods b¢for• tho$e presented. 3.44 FRS102 SQRP. 1.4 Chang88 to accountlng estlmates No changè5 lo accounkn'ng e5tirn8tes have oCJrred in the r8POrting period13.46 FRS102 SORPI. Ye8. No" -TK 08 approprle Pl•as• dl¥cloM.' (i) th• naturn of anychang•8.' Not applible (Ilj th• •ff•ct of the change on Incomo •nd •xp•n8• or &s$•i$ and Il•blllllos lor th• currentporlod.. and flll) wh•r•practlcablo, th• •ff•et of th• changé In on• or morn futurn pwlods. 1.6 Mat•rlo1 prfor yr •rror• No matèrial rior ear error have been identified in the re Yes. ortin eriod 3.47 FRS102 SORP . No. -Tkk •• •pproprknt8 Pl8ase dlsclo¥•." (l) th• nrn of tho prlorp•rlod •rror Not Apocoblo (io ror •8¢h prlorp•rfodpresentodln th• accounts. th• amount of Iho COTr•cdon for•ach account Iln• It•m Jff•ct•d.' nd (Ill) th• amount of th• ¢orrw¢tlon •1 th• b•glnnlng of th• varthstprforportodprnsenl•d in the Jccounts. CC17a IExc411 1810912025
Svclioii C Noto 2 Accountin9 poll¢le• lar•ntorddlllon•lpolltyhs b•4ftadopMdthon thd•tslWln th¢•oxb•low. 2.1 RECONCILIATION WITH PREVIOUS GENEPALLY ACCEPTED ACCOUNTING PRACTICE Pl•41• provkle a desthplton ofth• n•tuv• o1o•¢h ¢hang• ounlng pc41Gy PiIA Il•¢vn¢lH•llon of luntspvw•vlow ¢JAAPto 102 91•rt ol End of p•rlod Fund b•l•n¢4 11 y•vbAty Att¥d A¢Ift¥•.' Fund lIn¢• nr••t•t•d 102 End ol Not In¢om•ll•xp•ndlbJr•li• y•vlou •t4t•d AtyJu•mwrf•.' PfvvI0I pwlDd nlt kncoThl•xp•nthr•l •• rvt•l•d CC17• lEor}
SÈLlion C Ntsies to tho ,1tcoiJiil% Note 2 2.2 INCOME Account4ng policlfrs R¥gnI olln¢on The6e 8 t Statement of FinanoalAcbvi15 (SOFA) Ythw. Ihe torneS lolhe reeour¢eJ', it ia moots'kttythan notlh8t ihè tru8teos ¥11 rec& the re8our¢e8,' the nnetw¥s1è be measured with Suffic1 rèlialIty Yes. No" Nl4' ' kngre has been no olT5ethng ol aYlletB and lidlie$, orincome and ew88s. un rwuYs¢ or pormffled Oy FRS 102 SORP or FRS 102. No. P41•" GF•nt• and dnn4boro we ¢Jity Induded in the SOFA wh8n Int gènÈrnl inwme recognrfn cr148 ale meli6 10 to S 12 FRS102 SORPI. Yes. No. Nla. lth use ol yerforrnarK• MlatodgrantB, Intomtr muai be rwnlaeo b Iheextenl t11ty hès pded t gor8 or alenthuamoni toih&ornni occurn pèrform•nco cOndOn •r• m8115.16 FRS 102 SORP). Yes. No. Nl4' L•oaclvJ oi• Ind80 In the SOFA when elp1 18 proDae, Ihal 18, whBn there hEi b6tr1l grani ol WOb8tè. tho otorS thavt •tsitii$hoa Ih•l Ihwear8 8Utfi(aem ••iolBin the e$t8te 8nd any ¢llTr att•c b the gaty wo eiih•r tho >ir01¢O L•O•d•• Yes. Wo. Nl•' No. Th• thvlty r•G•W 9ts¥ornmllnlqrinlD In tho rnwNrvJ Ohl reulv4b i In lllCGme whfin ihèi• it • Valld from Ihe don. Any GIft 4mounl rttov•ThJ on a don4tk)n 10 conoideTed to ba partol ihal gift •thJ 18 treaied as in 8ddKi¢n t4 lh8 J•me luila 8Jlh• Inillol don¥lion unle¥$ I donor u Ih t•rrnsaltM appeal h•ve iPBdfknd ouioThIM. Ye8. No. NIA. don•llon• •nd glft• Cothtrxtual In¢om• and Th1• wly Indu h IS¢FA orrt•lMcMrfty lias lh• ffjlat•d or (Yrn•t lh• PIrr4 r•ted rdItIon grints Y¢s" No. a. Dongied fv8 8rn ff•a•uF•d 91 r•lF ¥•• Ithe arnouTrt coUj b •xching8dl Un Impr4di¢ai to¢ 80. lair val9 olthNo 9hfts Kl the Ilffleof thr rvctripilnd Ihw¥refetrJanis•d on fec•pl In reporuno twiod In Wnlch IM BIDck•4re dIRbib1ed. Ihy•r• recooniithj 414n Ye$. Nla. Don8d gor110[ rn8•1o are rne•sur¢d •1folrv0 on InltsAI T4OlIn. thlch i• expeL2 procwdi ItDm la171q¥JtxPtad co6th ol 88, •nd fecowlgBd 'Inl ftom othgr wadlng aCfvvil&'Wrth the coireyndlnB BtoEk recognl88d In thè balance Rho81 On 88le the of •loth lo chsrged aWns1'lnrAJrne from olherir4dlng adivhieB' ana tho Ifom 4100 rwnlued ••'lrKomTrfrom oth•rb7dl acfyvils, Ye$. No. Nl4' GOO uon&tsd forwomg u88 by the ¢adty r0ftgnad a• t4nglt4• flxgd abt•ts d Ided 8DFA all InE4mlry m0urt4yj•Tr rac8k4ab. Yes. No. Nl8' Glfti In klnd lorulp bytrftchjrity ar• th• SOFA •$lrurne frorn whon ¥•b Ye$. No. Donthd •orvlcg• •n l•clNtI•J aeThic88 and ra11e9 are I10 In Ihe SOFAthan rnceNed 41 the valL¥tot tothe chantypro¥wj1 the valueol iha grftcan teme8wJred Yes. No. Nl8' rbnated laL¥ithe8ihitat8 r¥)n8uNd lrnnxdl•letyBr8 recA)llni&ed aneryivrAenl amcuntrowwised ao thKlerthe¥ppropriat• dlng In the SOFA Yes. No. Nla. Yes. No. Nl8" SwportGO The chty has lnujrd exwdthjoTh 5UPWrtco8t8. Tnè yu9 ofany¥duntsry h•lp rOknd l& not IndLthd u) the 8¢CQUnt8 but1•d0Bbsd Yes. No. 14" CC17 FRS 102 SORP 18109r2025
vvi¥iiw I1 in the trultees'ann1 rewt. orn Imm ithr myiltl•i aThd ald9dI i Inddad kn Ifth4CcUt5 ¥Jhen r•Lpt th•4rnouni •¥&1 (¥n b• me89tsred rd No. Nla" Incr¢ fraffl mBmb•r¥hlp mbalIp 8ub8cWon8 In the natyjre 018 gfft •[? recc4n&gd In DaMIknI bBrrfptlon• Legxles. No. Nlll. mbu1Oubu¢piTh8Wknam1h8 u(other b8MIt8 are récotyni88d 8¥1rtsThearwl from th8 pvIsIon of gouo? and Rerwc8B Irthmtr from thantsb athv51h8S. No. sni1Mn01nAllr Iroyrarrt ¢JaimJ are on1n¢ld¢d In the SoFAwhenthO irt1 mcognlon ¢kn• we mel15.10 10 S.12 FRS102 SORPI are Induded an ofoth¢r Int4)me In SOFA. Yes. Na. Nl&' Th h¢lLe8 any re81iW orunrt81wd o•in$ty lo¢$ on the InVe•tLI and 8nyqainor wulbw from raVa1ftg M•rk61¥8l 81 tho ond ol the Ye$" Nu. Nla. 2.3 EXPENDITURE AND LIA81LITIES Lk9biliti•& 818 rtcooniud thr•1118 mole Ikely th•n rnotlh vd • Iw•l r GonBtrucMobIigllli wrnffl1tt1ng the chaiity P4yOUt rqwurc88 and tha aMLnI of the Obligthi can te m6a8ur80 4¥ilh rea80n8bCprtointy. Yej. No. Nla. Llablllty Mcognwon Go¥•m•R Ind •¥pport suOn¢tI been alkvted boTh¥othi gov•manc•wgti •1 oth•r•upp>¢ CO51¥n1se al co4t5 In¥e4viw wbwc Ktsxfflts1ltyOf the Choty4 I mpllanal wilh ro9ulalKn 4nd gaod PTadcq. Support Indud•centr81 lUnctnI and ha bwn •llocaied 10 cVY cost c•1egod è b••15 conjblenl wllh Ihe w 0frwurj, E9 alltir¥ byfvoraru$, or p•r C•1•. ILgff coii•ty the Ilnx $penl¥nd olh•r¢oJlb ty IheK u419•. No. Nll. No. Grant• w#b WrfOrnMn Wher8 th6 th•1ty91¥88 4 or•ni WbtD oI0n101 I p8ym•nl Wroa •pecll l•velof ondllbon Bc9 oi oulput to b• provided, &Kh granlj arelY In Ihw SOFA onco tho Tr•Jty•nlot ihe 9r8nl lh• ¥•dfi£d oi oulpul. Yea. N¢. Nl•' @rn th•r• no condrt10 AitHching to Eh• Ih•l eMDIE8 ih? p•rfomillfi¢•condltloM wli$lc811y8¥oKI ihe erfflmibM•nl, • 14qtsHtyfor thè fuii runthr4 obiigatson rnu•i bg fetognld. Ye8. No. Nla. YeB' NL>' Th•¢harhy maoe M mdwd•nw pa>rnt5 dn0 th• r•FryUno pfrrtod. D•l•rr•d Inrorn• Y88. No. Wo rn•twl It•m of dof8iMd Irme hus t•en IrJ00¢ In the arwunts. ¢r•dttor¥ The chaihy h81 endlrn whlth arn mea8urnd al kMen1•MOu0 Imo •rrylr8d• dlwJunts No. A liibility its moatsuTed on rteL¥nilwJn ai hilto LTht aNI In auoJoqu8nly rneoBured •llhÈ be¢leJiim•l¢ ollhe¥ffoJntrequlrod to4ettlOlhtr ov¥bOn rewrbno oat• Thè Ghllrtty icc4uth8 for InStrurn¥Dts on iniik91 f•eoonilion $8 F4r pira9r4ph 10 7 FRS102 SORP Subi•4u•nl Ll •5 wr•ui•phs it.17 10 11 IP. FRSIQ2 SORP ProYthlon• lor IlllblMtknA Yes" No. No. la. 2.4 ASSETS Tirylbl•fflA•d •M•t• lor Thoè•e ¢aprftiN8eJ ilthay can b• u84d for m(0 ihen C•V08r. aTrJ colt al le86t • by ch•rfty No. Nla. Thoyare valued aicotst. ThEdEpr¥bVon rth melhrl# used •reiN¥aoJed hi Dole 14. charitytto& intsngStrAe Ixed Dsyets. thDtlJ. rthi.monetya88ettsthatdotiot hw• phyBuI Sub&lance kknlifi8blfr dnd are con1rled bythe Gh3ritylhroUgMcuodY orleo81 nohts. The amoth8abon r8188 and meimds u8eo ared18c8 In wto 15. irt•nglbl•flx4d aB••ts Ye5" No. a" Try are vue# gtco¥¢. Yes" No. Nta" The th*ilty ha$tt6ntsoea$8ets, thai 15, nrTrmonet8ry 8##eLltr hi#tonq ArbBI techDDical geophy5Kal 0reDwMvntal quglib8S th8twe held and maintained Pri1pallY forrtribthK> k) knLv4ledge Thè fflethod¥ ujed a¥dbc1W in 18. Nla" Heryoye M•ets Thvrfar8 valued alt CC17 FRS 102 SORP 1WO912025
FedaYs&t Inv8$¢nt$ kn qd 8hara&. trad6a mIlarinve5no[ are valued alinra1t ts)si subFequDntty atfrv41ufr (t11 ffwrketv8luo1 •t the 8nd. ThtrsarneI4tfflentls4PpIl0d to unliAtod IntmO Lf10 tairv81 M01t na5ured rBlAblylnwh 8ico81 88 ryaiTment Yes" Nl8" In¥estfflents hdd for ro•A¢¥plrath0S&18 and caeh and caEh fflltttydlto1[elhan l sw8r8 tftated as (¥JiMI wbMtkivelltmMtB Yes. Nla. sto¢k• •rnl )rk In Sk¢ks tsld for8ale aspart crfnoJritIb tradearnj al th8 orcoBI nel r8al88tié walL. Ye$. 140" Gar¥Js or yovllod ks p•n ol aehanwble activtyare mèwjreo atnDtr81saLI vak b08ed ibe 88rvke wtonbal by ol Sto. Wtr in ¥aad alcost •nYf•bl•lO¥¥ that Vd Ilkely tottgJi onth• caitract Ye$. DobiN8 onclud9 tsade deblord roans [1vablI are rn•owred on kni11 couniUoTr &1 ttle•ThI amount éfter4ny tradIsCOun •mntgd¥•rthd tyth• tharty. Subwuenlty, th•y4re weuiJ 41 th8 c•bhor Otnefeon6 ttxpetltd io be reulvea The chaity has hohY$ tr It10 N p8noino thdr 8•10 8ndtstshd cash equlvaknnL wlh • d•ie than year TheBe on dEpot ano ca8h oquivawtivlih a malulltyof8B Ihan yqai kn¥•Blmnl wipwe$ 111hEr1 lo rne•l ¥h-1•1M wfflm1tmts •1 th•y lall thjo. O•btor• No. No. Nl•' Currffit •BMt In¥••tM•nts Yel" Nla. POLICIES ADOPTED ADOlfONAL TO OR OIFFERENT FROM Th03E ABOVE CC17 FRS 102 SORP 18IOW2025
Section C Notes to the accounts (contl Note 24 Cash at bank and In hand This year Last year Short t•mi ca•h Inv•8tmont8 (less than 3 months maturlty date) Short temi d8po•lt8 Cash at bwnk and on hand Other Total 35,876 20,8 CC17a (Excell 1810912025
Seitior Notes to the accounts (conti Note 28 Transactlons wlth truste and related parties Utho charlty has any transactlon5 wlth r•l&t•dpartl•s {oth•rlhan th• Int0• •XP•n5 explainedln guidance not•s) details of8ueh transJctions should bg pmvided in this note. If ther• •re no trnnactions to please ont•r"Twè" In the box or-False" rfthere are transactlons to report 28.1 Trustee remuneratlon and beneflts Thls year Nono ol the tru8te•• have b•on pald any r•mun•rnilon or r•e•l¥•d any oth•r b•n•fits from an •mploym•nt wlth tholr charfty or a related entlty ITru• or Fal••l TRUE In th• porlod tho chwlty ha8 pald trust••8 Inunar•I1On andb•n•ffts. Pl•as• olv• th• amount of, and l•galauthorfty lor, any r•mun•ratlon oroth•rb•neffts pald to • trust•• by th• ch•rty or any Instltutlon orcompany conn•ct•d wllh IL Arnounts pald or benefit valu• Legal authorlty l•g ordor, govtrmlng do¢umantl Romun•rntlon P•n•lon ¢ontdbullon R•dundan¢y Iln¢ludln9 lo•• ol officoV•x ratl• oth•r TOTAL N•m• oftru•ts• PI•M• glv• d•tsll• ofwhy r•mun•r•tlon or oth•r •mploym•nt R•ffts w•r•pald h•r• an •x grntla paym•nt has bo•n m•d• to • trustfy•. provld• an •xplanarfon ofth• naturn 01th•mOrtL If• thlrdparty hes b••n r•lmbur¥•d forprovldlng on• or more tru$teS. 5t•te the nature of th• p•ynient and amount ofth• r•lmbuTsemèn£ Stat• the numb8r of trustoos to whom r•tlr•m•ntb•n•ftts arn accrulng und•r • d•flMdcontrlbutlon p•ft¥lon sch•me. CC17A IExt*ll 1810912025
La¥t year None Of the tru•tseJ havo boen pald any r•muneratlon or rncelved any other bets from an •mploymènt wlth thoir charity or ¥ relatsd enuty ITrug or Fo1•91 TRUE In th• p•rtod Iho charfty has pald Irusto08 remunernuon and 0ffts. Pl•ase glve th• amountof, and 1wlahorfty for, •ny rgmuh¢rniTon orolh•rb•n•fits p•id to • trusts• by the charl.Or•nY.ln$1ltUtl0n or comp•ny ¢onnecte<l wlth it . Amounts pald or belleflt value R•munoratlon Penslon contrlbutlon Redundancy Ilnclvdlng loss of offiVeX grati Oihor TOTAL Lagal thuthorlty l•g ord•r. governlng document) Name of tru•teo Ple•$¢ glv• datall$ olwhy remun•rntlon or o¢h•r •mploym•nl l)•nvflts r•p•1. Whem On ex yr•fi• wym•nt h48 b••n m•d• to • tru•t••. provlde •n •xpl•naflon of the naturn of th• paynmnt. Ma thlrdparty has bn f•lmbursod forprovlding on• or mor• Irustws. slat• th• natur• 01th8 paymént •nd mount orth• r•lmburn•m¢nt. St•t• th• numb•roltrust•e# to whom rntlrnmontb•n•fft8 •r• •¢¢rulnq undva (l•fln•d ¢onirlbullon p•nslon ¢h•m•. 28.2 Trust8os' oxp8nseJ Ilthe charlty has ld truslg•s •xp•nses lorfulfflling th•lrdvtlo5, d•talls ofsuch tr•nsartlons should bgpmvld9d In Ihls noto. Irthor• aro no traft$•etion$ to report. pleas• ni•r"Trno" In th• box b•low. Mthgre are trnnsactlons to r•port, pl••so •nlor"Fals•". No trustee expens h•ve been Incurred (True or Falle TRUE Typo ofoxpen8es rnlmburtyod Thlo year Last yoar Trnl Sub•lst•nc• Accommodatlon Oth•r Ipleue speclfyl: TOTAL CC178 (Excall 1810912025
Pl• provld th• number of trustee8 relmbur8ed for expengeg or who had expen8•8 pald by thè charlty 28.3 Tran•a¢tion{¥l wlth related partles Ploasg glvg d•tall$ of any tr#n$a¢tlon undertaken by (or on behaKofj the charlty In whkh a rolatpartY hag a materlal In¢•r•s¢ Includlng whwe fvn(ts hav• bo•n h•lda8 ag•nt for relat•dpartl•s. If ther• ar• no $uch trantIons. Pl$0 4ntor Ynm. In th• box provid•d. Th18 year Th•r• h•v• b9•n no r•latsd party lrnn•actlon• In th• rnportlng perlod ITru? or Fal••l TRUE Amounts wrltt&n off durlng reportlng rlod Namè of th• tru•t•• or r•latsd party Rglatl¢Jn•hlp to ch•dty D••crlpt5on ol th• tran•actlonl•l Pmvl•lon lor bad d•bl• t porlod ond Amount Balanc• At rlod •nd In rnlatlon to thg n$tIOnS abov•. pl•as•provld• th• t•rni8 and condltl¢)ni, Includlng any s•curlly •nd th• n•ture olanyp•ym•nt fcon8ld•r•tlon) lo b• pmvlded In ¥ettl•menL Forany r•l•todparty. pl••• provld• d•t4lls ol•nv guarnntM• Wv•n 0rrnc•l. Last year Th•f• hav• b••n no r•l8t•d paty tr•ii•o¢UonA In th& r•portlng yrlod (True or F•l••l TRUE Amountg wrlttèn off durSng rnportlng rlod Nam• of th• Iru•ts• or f•lat•d party Relatlon•hlp to ch¥rlty D••crlpllon ol th• tranBactlonl•l Arnount Balanco at perlod end Provl•lon ftr b•d dobt• at porlod •nd In rnlatlon to tho transactlons 8bov4 pleas• provld• th• temis and¢ondltlons. Includlng any $ocurfty and the ft•tur• olanyp•ymgnt (cgn¥id•FUtlon) lo IM PTovldodln setll•menL Forany rela1•drty, pl8as• pmvkl• d•tails olany guarantees given Orr•Cv•d. CC178 (Exrkll 1P40912025
CHARITY COMMISSION FOR ENGLAND AND WALES Independent Examiners Report to the Trustees of Light Education Development Charity Number 1141243 Examinerfs unqualified rew)rt {for a norKompany charity weparing ripts and payments accounts) with a gross income of £250,000 or less in the relevant financial year I rewt to the trustees on my examination of the accounts of the Lht Edu¢3tion Development . (the TnJst} for the year ended 31 January 2025. Responsibilfties and basis of report As the charity trustees of the TnEt you are responsible for the preparatFon of the accounts in accordan with the rg]uirements of the Charities Act 2011 (Ihe Acr). I report in respect of my examinatron of the Trusys accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the appIlble Directions given by the Charity Commission under section 145{5)(b) of the Act. Independent examinevs statement I have completed my examination. l ¢onfimi that there are no matters of material signfficance or otherwise that have come to my attention in connection wilh the examination gtving me cause to believe that in any respect 1. a¢counting records Ere not kept in respX of the Tnjst as required by section 130 of the 2. the accounts do not accord with those recofds. I have no concems or reservations with the aoUnts artd the manner in which they have been prepared and disclosed. I have come attoss no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accourts to be reached. Signed: Date: 11.3.2025 Name: Paula Heath FCMA Chartered Institute of Management Accountants. The Helicon. One South Pla. London EC2M 2RB