Company number: 07835798 Charity number 1145596 THE LIGHT FUND COMPANY (A Company limiied by guaranlee) Report and Financial statement3 For the year ended 31 January 2025 Howell Wade ChArtered Accountants 55 Church Rordd Wimbledon Village London SW19 5DQ
THE LIGHT FUND COMPANY (A Company limited by guaraiilee) Report and Financial Statements For the year ended 31 January 2025 Content Company Information Report of the Trustees Independent Examiner, s Report Statement of Financial activities (Income & expenditure account) Balance sheet Notes fonning part of the financial statements
THE LIGHT FUND COMPANY (A Company limiled by guaronlee) Report and FinaneiAI statements For the year ended 31 January 2025 Com an Information Charity Name: The Light Fund Company Charity Registration Number: 1145596 Company Registration Number: 07835798 Registered olee address: 55 Church Road Wimbjedon Village London SW19 5DQ Trustees (Direetors): Trevor Charles Jones - Chairn)an lan David Hyder Jacqueline Ann Brown David William Scott Ashley Anm Sidney Holman Caroline High Vicky Miller Sabrina Segalov Paul Hodgson lan Michael Downes Anne Bradford Nicola Webster Alexandra Salisbury Helena Stopher Graham Saltmarsh Mark Schofield Robyn Cowling Banker5: Barclays Bank PIC Accountants: Howell Wade Cliar¢eredAccounlants 55 Church Road W1nleo Vlllage london SW19 SDQ
THE LIGHT FUND COMPANY (A Company limiled by guarunlee) Report of the Trustees for year ended 31¥t January 2025 Registered Charity Number: 1145596 The Trustees present their annual report and financial statements of the charity for the year ended 31 January 2025. which are also prepared to meet the requir¢ments of a Directors, report and accounts for Companies Act purposes. The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Standard applicable in the UK (FRS102) (efTective 01 January 2015), The Light Fund was established in 2004 and became a registered charity in January 2012. Reference and Admlnlstrntlon details: ReBislered Company Number: 7835798 Registered Office: 55 Church Road, LONDON SW19 SDQ Correspondence Address: clo Max Publishing Ltd, Uniied House, North London N7 9DP Directors And Trustees The Directors of the charitable company (The Charity) are also it5 trustees for ihe purposes of the charity law. The trustees and officers serving during the year were as follows: TVOr Charles Jones - Chairnian lan David Hyder Jacqueline Ann Brown David William Scott Ashley Arun Sidney Holman Caroline High Vicky Miller Katherine Ball (resigned 51312024) Sabrina Segalov Paul Hodgson lan Michael Downes Ann Bradford Nicola Wcbster Alexandra Salisbury H¢l¢na Stopher Graham Saltmarsh Mark Schofield Robyn Cowling 'The Light Fund raises funds to be distributed to charitable projects. Its activities are centred within the UK Intellectual Property industry known more commonly a5 the Licensing Industry. The Light fund is an acronym ofLicensing Industry Giving Help Together.
THE LIGHT FUND COMPANY (A Company limiied by guaronlee) Report of the Trnstees for year ended 31yI JanuAry 2025 (Conlinued...) Registered Charity Number: 1145596 The charity is organised so that the Trustees communicate gUlarlY to manage its affairs. The Trustees work with and alongside a number of volunteers and meet at least once a quarter to review all matters related to the charity. The committee is made up of experienced business people drawn frorn the Licensing industy. New and prospective Trustees are usually fatniliar with the charity's objectives and its ongoing work. They are invited io attend meetings with the existing Trustees in order to further familiarise themselves with ihe charity and its operations. The Trustees are supported from time to time by a committee of volunteers drnwn from the Licensing industry who help identify fundrdising opportunities and help to deliver these events. Risk Management The Trustees review the risks that the charity faces on a regular basis and believe that their management approach, which minimises risk and authorises expenditure only when reserves are sufficient, provides an adequale framework to respond in the event of a problem arising. Achlevements? Performance and Future Plan5 The Light Fund devises, creates and manaBes a range of fundraising activities throughout the year. Most of these are industy-wide events whilst oihers are based on individual fundraising a¢iivilies. Our notable sources of funds this financial year have included: Northem Light Fund Quiz held in Manchester Comedy Nighi Held in London Treasure Hunt in London Southern Light Fund Quiz held at Lord's cricket ground Raffles at Awards event organised by Max Publishing Ltd Sample sales by companies within licensin& toy & card industries Donations from Individuals Each year The Light Fund makes donations to a small number of designated charities, who are guaranteed funds from us for a minimum of 3 year5 to enable them to plan ahead with some certainty over that period. The allocation of the balance of funds available, usually the vast majority of the sums raised, is decided by the vote of Trustees and key sUPPOrters who choose from those proposed io us by charities via our website portal. In line wilh our donations policy, all donations this financial year have been made to UK registered charities and the Light Fund is kept up to date by these charities with their progress on the projects outlined by them for the donations.
THE LIGHT FUND COMPANY (A Company limiled by guaranlee) Report of the Trustees for year ended 31" January 2025 (Conlinued...) Registered Charity Number: 1145596 In 2024, the beneficiaries of The Light Fund (all registered charities) were: New Life CALM Maggie's Shelter Box The Brain Tumour Charity Bowel Cancer UK Motor Neurone Disease Association Child Bereavement UK Pancreatic Cancer UK Greai Orniond Street Hospital Charity Brain Tumour Support Princess Alice Hospice Orchid Cancer Appeal Bone Cancer Research Trust PAPYRUS Crohn's & Colitis UK Boivl Cancer Shooting Star Children's Hospices Inspire Youth Zone Chorley Child Rescue Nepal From time io lime The Light Fund supports individuals from the Licensing or ancillary industries who need support due to illness, bereavement or hardship. We also make donations in memory of dear colleagues, or members of their families, who have passed away or suffered severe illness. These donations are approved by the Trustees and details of these are available if required but, for reasons of confidentiallyg are not included in thi5 report. The Light Fund has made two such memorial donations during the year in question. The Light Fund has a website which is publicly viewable and is updated regularly to reflect The Light Fund's activities FinAnciAI Review This has been a relatively 'nonnal' year of indusiry events and fund-raising events have been well attended and enjoyed by industry collea8ues. We are especially grateful to a number of generous individuals that have SUPPOrted us with donations and also those companies that have raised substantial sums for the Light Fund through raffles at Awards events and sample sales. In ihe forthcoming year, as well as canying out our regular events. we are planning a large event challen8e and encourdging the participation of a wide spread of industy colleagues. We hope this will be a positive contribution to our industry and generate a large sum of ffloney for us to distribute to worthy cause5 in due course. The Light Fund keeps its expenditure at very low levels. All Trustees and committee members & supporter5 provide their own time and Services free of charge. Reserves Policy Due to the minimal amounl of administrative expenditure deiailed above, our policy is to donate as much as possible at the cnd of each calendar year to good ¢aus4 leaving a prudent balance to cover contin8encies before fund-raising recommences the following year.
Fioant121 Sthtements Company law rul$ the Trustees to pr¢p8r¢ finAnci81 ststrrnents for each finllncilll year which gsve n true and faxr view of thc stste of affairs of the clwity at the end of the year and of the Surp1 or deficiency for th¢ year then ended. In pporAng those financial statements. the Trustees are r¢quired to: Select suilablc accounting policies and then apply thun co81St£ntly. MAke judgmcnts and estimates that are reasonable and prudcnl State wheth¢r the policies adopted we in accordancc with the Companie5 Art 2006 Rnd with applicable ccounting strndards and statcmcnts of recomnicnded practice, subject to any material departures disclosed and explained in thc financial stslcrnents. Prepare the financial statement5 on the soins concern Lwis unless it is inapprDpriate to presume that the charity will continue in oper*ion. The TnL8tees are re5ponsibl¢ for keeping prOr accounting Tecords which disclose with Tonab1C accurncy at any time the finan¢ial position of the charity and to enable thern to ensurE that th¢ financial stalcmcnts cornply wilh ih¢ Com¥wnies Act 21)06. The Trustees are responsible for 5afeguardin8 thc assets of the charity and hence for tsking reasonable sieps for the prevention and detection of fraud and other irre8ularities. Byo of the oard of Trustces David Willi DiTrdor ' cott Dale: .
THE LIGHT FUND COMPANY (A Company limited byguapantee) Financial statements For the year ended 31 January 2025 Independent Examiner's Report to the Trustees (Directors) of The Light Fund I report on ihe accounts of ihe company for the year ended 31 January 2025. Ivhich are set out on ihe annexed pages. Respective responsibilities of Trustees (Directors) and examiner Tlie tru5tecs (Ivlio are also ihe directors of the company for the purposes of company law) are responsible for the preparation of the accounts. Tlie Irustees consider iliat an audil is noi required for iliis year under s¢¢lion 144(2) of Ilie Charities Act ?0 I l (the ?0 I l Act) and that an independenl examination is needed. The charity's gross income exceeded £2i,000 and l am qualified io undertake the examination by being a qualified member of the Inslilule of Cliartered Accountants in England & Wales. Having salisfied myself that Ihe charity is not subject to audii under company Ir4W and is eligible for independent e.xamination, it is my responsibility lo: Examine the accounts under section 145 of the 2011 Act; To folloiv the procedures laid down in the general Directions given by the Charity Commission under 5¢Ction 145(5) (b) of the ?0 I l Act. and To stal¢ ivhether particular malters have come lo my atlention Basis of independent exominer's report My examination was carried out in accordance with the general Direclions given by the Charity Commission. An e.xamii)ation includes a review of the accounting records kept by the charity and a comparison of the accounts presenled with (hose records. 11 also includes consideralion ofany unusual iiems or disclosures in the accounls, aiid seeking explanalions from you as trustees concerning any such matters. The procedures undertaken do not provide all ihe evidence that ivould be required in an audit and consequently no opinion 15 given a5 to whether Ihe accounts preseni a 'lrue and fair view, and the report is limited to those maner5 set ou¢ in the stateinent below. Independent examiner's slatement In connection with my exominotion, no matter ho5 come to my atlenlion: vhich gives me reasonable cause lo believe ihat in any material respect the requirements: To Keep accounting records in accordance ivith section 386 of ilie Companies Acl ?006; and to prepare accounis which accord with the accounting records, comply with ihe accounting requirements of section 396 of the Companies Act 2006 and with tlie meihods and principles of Ihe Statemeni of Recommended Practice: Accounting and Reporting by Charities (FRS I O?) have not been met; or To ivhich, in my opinion, allenlion should be draivn in order to enable a proper understanding of tlie accounls to bc reaclicd. ANTHONY WARREN FCA, ATT. CTA Charlered Accountant 55 Church RoAd Winibledon SW19 5DQ Date:
THE LIGHT FUND COMPANY (A Company Ilmiied by guarantee) Financial statements For the year ended 31 January 2025 Statement of Financial Activities Note 2025 2024 Unrestricted Funds Unrestricted Funds INCOME Voluntary Ineome Donations 49,956 91.024 Other Income Events Portal Sponsored activitie5 Total Income 22,024 50,777 61,173 125 856 152 197 EXPENDITURE Expenditure on Raising Funds Cost of Organised events Charity collection costs - Just Giving fees 37,955 2,559 26,359 2,032 40,514 28.391 Expenditure on Charitable Activities Grants and Charitable donations 93.269 139,406 Olber Professional and accountancy fees Total expenditure 137 503 171097 Net Income I ex enditure Movement in funds for the and net
IIIE LIGr FUND COMPANY (A Company Ilmlted by guaranlee) Registered No: 07835798 FiDanclal 8tatemeDts For the year ellded 31 JaDuary 2025 Balan e Shttt at31 2025 Note 2025 2024 Current 85sets Cash at bank 8.611 16,538 Credltors: mouuts due wltbfin one Acmals 720 £4091 £ 6,638 Reserves Unrestricted Funds £ 4,891 £ 6,638 For the year ending 31 January 2025, the Company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company io obtain an audit in accordance with section 476 of the Companies Act 2006. The Directorsl Trusttts aeknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparalion of accounts. These accounts have been prepared in accordance wlth the provisions applicable to compunie5 subjeLt to the small company's regime and the Charities Act 2011. Approved by Ihe Board of Directors l Trusiees on.. . . . .. si nedo its behulf by.. Ddv Illiam Scoti Trustee (Director)
THE LIGHT FUND COIMPANY (A Compaiiy liiiiiied by guaraiilee) Notey to the Financial Statements for the year ended 3111 January 2025 ACCOUNTING POLICIES The principal accounting policies adopted, judgements and estimation in the preparation of the financial statements are as follows: Basis of preparation The Financial Statements have been prepared in accordance with Accounting and Reporting for Chorities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK (FRS 102) (effective 01 January 20I9) - Charities SORP (FRS 102) and the Companies Act 2006. Fund Accounting Unrestricted funds are available for use at the discretion of the trustees in furtherance of the 8cneral objectives of the charity. Restricted funds are subject to restrictions on their expenditure imposed by the donor or through tern of an appeal. Currently there are no restricted funds. Income All income is included on the Statement of Financial Activities when received. Expenditure Expenses directly relating lo the charity's activities are included in the statement or financial activities when paid. Extran¢ous expenditure, such as accounting fees, are charged in the period to which they relaie. Expenditure includes any V AT %N'hich cannot be recovered. Grants payable, are accounlcd for ivhere either the trustees have agreed to pav the grant witliout condition, or ivhen an), condition attached to the grant has been met. Costs of generating funds comprise costs associated iviih attractingy i'oluntary income inLluding fund raising costs associated ivith the organisation of fund- raisinbi ei'enls. Governance cost includes costs associated ii.ith meeting the constitutional and statutOP)' requirement5 of the charit}. and include costs link'ed li ith the siatuiorn requirements ot Ihe charitv
THE LIGHT FUND COMPANY A Company lijnited by guarantee) Notes to the Financial Statements (Conlinued...) for the year ended 3151 January 2025 TRUSTEES, REMUNEII4TION AND BENEFITS sl There were no Trustees, remuneration or other benefits for the year ended 31 January 2025. Trustees Expenses There were no Trustees, expenses paid for the year ended 3 1st January 2025. RELATED PARTY TRANSACTIONS There were no related party transactions in the period under review. STAFF COSTS There were no staff costs for the year ended 31 Sl January 2025. FUNDS MOVEMENT Unrestricted Funds 2025 2024 Bank Balance Brought forward Net incoming received / expenditure paid 16,538 (7,927) 32,138 (15,600) Bank Balance at 31 January 2025 8,611 16538 Accountancy Fees Provision (3.720) (9.900) 4,891 6.638 TAXATION As a charity, The Light Fund is exempt from taxation on income and gains falling within section 505 of the T&xes Act 1988 or section 206 of the taxation of charg¢abl¢ Gains Act 1992 to the extent that they are applied to charitable objects. No tax charge has arisen in this Charity.