Reglsterèd number: 07700933 Charlty number,. 1146590 LIGHT PROJECT PRO INTERNATIONAL (A company Ilmlted by guarantee) UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
LIGHT PROJECT PRO INTERNATIONAL (A company Ilmlted by guaraiite81 CONTENTS Page R6f8rence and admlnlstratlve datalls of th8 charltabl8 company, Its Trustees and advlsers Trustees, ieporl Trusteos, respon8lb115tles statement Ind8pendanl examlner's report statement of flnan¢lal actlvltlos 3alaiic8 sh861 Notes to tho f Inanclal stat6ments 10-19
LIGHT PROJECT PRO INTERNATIONAL (A coinpany Ilmlted hy guarantee) REFERENCE AND AOMINISTRATIVE DETAILS OF THE CHARITABLE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2024 Trustee5 Mlchellne Ngongo, Chalrperson Helen Paterson K81wyn Wllllams J8remy CoTbyn Ulrike Schmldl Valenlln Mollsho Yombo Dl8ma Cyfllle Danipare Coinpaiiy reglslered numhor 07700933 Charlty reglsteréd number 1146590 Règlstered off Ic8 16 Greal Queen Slreet Covonl Garden London WC28 SAH Accountants Bll¢k Rolhenb8rg Llnilled Chart8red Accounlanl$ 16 Great Queen Slreet Covenl Garden London WC28 SAH Bankers Nallon81 Weslmlnslér Bank PIC PO Box 12258 I Prlnces Stre8l London C2R 88P Page 1
LIGHT PROJECT PRO INTERNATIONAL (A company Ilmited by guaraiitee) TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Trustees pr&sent Ih8lr annual r6porl log8th8r wllh the flnanclal slatenienls of tha ¢harllabl8 company for Ihe 1 April 2023 10 31 Marcli 2024, The Annual Report serves Ihe purposes of both a Iruslees, r6porl and a dlreclor8' report linder conipany law. Tho trustees confirm Ihat lh8 Annual Report and Ilnancl81 slalemenls ol Ihe charllable company comply wilh the current slalulory requlremenls, Ihe requlr8menls of Ihe charilable conipany's goveinlng docun)enl and the provislons of the Slalemenl of Reconimend8d Pracllce (SORP) appllcable lo charllles Preparing Iheir accoLtnls In accordance wlth tho Flnanclal Reportlng Standard appllc?bl8 In the UK and Rapubllc of Ireland {FRS102)'(effecllve 1 January 2019). Slnce the charllable company quallfles as small und8r secllon 382 of Ihe Companles Acl 2008, the slraleglo reporl requlred of medluni and large companles UFid8r the Companles Act 2006 (Slralaglc R6pori and Dlr8clors' Report) Regulallons 2013 has b8èn omltled. Objectlvès and actlvltles Pollcles and objectlves The charilabl8 companls obleclives are lo brlng logelher famllles and volunle8rs lo Improve the educallonal opportunllles of local communllles, partlcularly In r8lallon lo people al rlsk of balng soclally marglnallsgd, We alm lo promole soclal Incluslon and Ihus evoryone Is wglcome lo lake parf In our projects. In selllng obl8cllv8s and plannlng for ar,Ilvltles, lh8 Trustees have glven dua conslderallon lo general guldance publlshed by the Charlly Comnilsslon ralallng lo publlc ben8fl1, Ineludlng Ihè guldanc8 'Publlc ben8111,' runnlng a ¢harlly IP82)'. Page 2
LIGHT PROJECT PRO INTERNATIONAL (A company limited by guarantee) T.RUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Objectlves and actlvltles {contlnuodl b). Maln aGtlvl(les undaytaken to further the charltable company's purposes for the publlc borieflt Here al Llghl Project Pro Inlernallonal wa alm lo promote soclal Incluslon and thus everyon8 Is welcome to lak8 parl In our prolecls. Our vlslon Is lo help 11)e deprlved commun1118s largaled by offatlng educallon, skllls and Iralnlng to glve Ih8m the mean510 Increase Ihelr lifo chanceg. We conllnuo lo placo young people al1118 for8ffOtIl of our actlvllles lo try and cr@ala a Strong and lasllng foundallon Ihal wlll setva Ihen7 Inlo adulll)ood, Not lusl by equlpplng Ihem wllh the knowledg8 and skllls bul also Ihe personal, sotslal and physlcal developm8nl Ihoy wlll need lo succeed In Ilfa. As a cons8qU8nce of Ihls wé have been Instrument81 In helplng many lo aehlove baller exam Fesulls Ihan evÉr balore and In dolng 80 set thÈm on the patl) lo, furlher and hlgher eduGallon and by dolng Ihls w6 wlden thèlr soclal horlzons and hugely Improve Ihalr lob opporiunllles. 2023124 was unforlunalely yel anolher dilficull year for many. Th8 conllnulng cosl of Ilvlng crlsls has meant a large Increase In people seeklng advlce or guldance on Issues regardlng houslngi b8n6flls and ulllllles blS1s, Wa woiild Ilk8 lo thank all the volunteers Ihal helped during th8 year, who provlded InvalLiable support lo the prolecls and th9 slaff team al LPPI freelng up Ihelr.Ilme and allowlng them lo provlde the advlc8 and support for th8 local re51denls. We conllnued to dlslrlbule surplus food donated by some fanlasllc partneis Includlng the F611x Prolecl, Falishare, TesGo, Wall¥os& and Gall's bakery. However, wilh sev8ral nearby foodb8nks closlng wè saw an Increaso In peop18 Ilocklng lo our Wednesday sesslon. W6 have b8en Incr8dlbly fortunale lo parlner wllh Food Bank Ald, who provlde an amazlng sgrvlc@ to 32 food banks In London. Thay have b88n helplng provldlng us wllh slaplo foods such as nillk, eggs. olls and Ilen7s Ihal very rarely come from surplus sourc8s, Thls has meanl we hav8 b88n abl& lo In8t the Increas6 demand and provlda a more nutrlllous offering lo those allendlng, We conllnued our parlnershlp wllh lh8 D.WP and dellvered our 21c8nlury skllls prolecl whl¢h works on8-1o-on wllh young people (18 to 24) to Improve Ihelr employablllly, lallor lob searches and In18rvlew skllls. 11 halped 50 young people Into work, We also conllnued the Youlh Employmenl Hub wllh Ihe DWP; provldlng a more relaxed envlronmenl foi Ihe young people lo meel wllh the DWP, so Ihey can slt down wllh Ihelr advlsor wilhoul lh8 rush and Iha nolse of Some of Ihe local Job Cenlres, We hav& lound Ihal In dolng Ihls, some of the young p&ople have op8ned up moro gnd we h8ve16arned niore aboul somo of Eh8 challeng8s Ihey (ace, whlch we are then able lo h81p address, or slgn p051 them lo those that can provlde Ihe more spe¢lfl¢ halp. would also Ilke lo Ihank L81's Adult Communlly Lear171ng team. Who hav8 conllnued lo pul on Incredlbly valuable clas898 In ESOL, Engllsli, Maths & ICT lo Ihe local communlly. Th8 Mlsslon Slalomenl of Llght Project Pro Internallonal (LPPI) Is to work In parln8rshlp wllh other key ag&neles and malnslream provlders lo offer a lang8 ol servlces lo resldenls of Islinglon and surroundlng boroughs. For Eixampl8, some of Ih8se key agencles wlth wliom we have been worklng are., Local schools, Congo18se Refugee groups, Arsenal Communlly,, Race Equallly Foundallon, Caniden & Islinglon Unlled, Hyde Houslng Assoclallon, DWP, OclopLFS Communlly Nelwork, Help on Your Doorslep, Voluntary Acllon Isllnglon, Manor Gardens, London Communlly Trust. Mother Tonguo Supplernenlary School SeNice & Islington Councll. We would Ilk8 to Ihank al of Ih68e for Ihelr supporl. Pagè 3
LIGHT PROJECT PRO INTERNATIONAL (A company Ilmlt6d by guarantee) TRUSTEES, REPORT {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 Achlevemenls and performance Flnanclal raview a. Golng concarn Slnce 31 Marcli 2024 addlllonal funds have been secured and the posltlon on Ihe slateillonl of finanGlal poslllon has L)f3en Improv8d. TNstees hav8 r8v18W8d the fin8nclal posllion and slralagy of th8 chaTily whlch reco9nlsed Ihe need for addlllonal revenue sourc6s and hav8 slnca slarlod lo ullllse tha bulldlngs spac8 lo Incre8s8 the room aiid hall hlia Inconia that can b8 rals8d. A full revlew of th8 charllles r8voiiu8 Is lo b& conduoled In whlch alt8rnallv8 or n6w revonuo slreanis are lo b6 sought wllh the oblecllvo lo further Iniprove lh8 flnanclal poslllon and sustalnably rebulld r8serves that wer8 usod durlng the cost of Ilvlng crl81s. Trustees hov8 revlewed a delalled cash flow for6casl lo March 2026 showlng sufflcl8nl fvnds lo provlde a reasonab18 expeclallon Ihat Ihe charllable company has adequate resources lo conllnue In operallonal exl¥lvnce for the (oreseeable lutur8, For thls reason, they conllnue Io 8dopl the golng concern basls In pr6parfng Ihe financlal slale1118nls. b. Flnanclal revlow Durlng the p8rlod, the ch8rllabl8 conipany conllnued lo rely upon donallons and grants for Ils In¢onie, wllh lolal Incomlng resoL(rcos of £133,901 (2023,, £112,972). Governance costs lola118d £7,729 and Included Indop8nd8nl examlners fees and legal aiid prof8sslonol f68s. The charllable company recordod a net d8flclt of £7,187 {2023: £27,563) ¥vhlch rayulled In ruserv8s al Ihe year end of.<] negallve £5,056 (2023: £2,131 >. 11 Is th8 pollcy of the charllable company that resgrves whlch have nol been deslgnaled for a speclflc use should be malntalned al a level equlval8nl lo belw96n thre6 and slx monlh'8 expendllure. Th8 Iruslees conslders that reserves al Ihls18V81 wlll 8nsur8 that, In Ihe event of a slgnlflcanl drop In fundlng, 1118y will b8 able lo conllnue the charllabl8 company's curfenl acllvllles whlle conslderallon Is glvon lo ways In whlch addlllonal funds may be ralsed. Thls16vel of reserves was nol malnlalned duiliig the year and, as m&nlloned elsewhere In Ihls reporl, In&asure8 taken In tha post balan¢e sh8BI perlod have resulled In a subsequ8nl Increase In reserves, The prlnolpal lundlng sources for Ihè charllable company are currently by way. of gr&nls from varlous organlsallons. We would Ilke to thank the followlng for Iholr support through tho year., Crlpplagala Foundallon. t)WP, Isllnglon Unlled Charllles, London Borougli of Islliiglon, Octopus Comniunlly Nelwork. We would also Ilke lo thank Food Bank Aid. The Fe51x Project, Edlble London & Falrshare for Ihelr amazlng food & household |143m donallons. c, R13k management Tha Iruslees have assossed all Iho major rlsks lo whlch the charllable conipany Is exposed, and are sallsfled that systems are In place to reduce exposure lo the major risks. d, Plans for thè future Thg truste88 are golng lo revlew Ihe recent buslness plan lo conllnuo movlng Llghl Prol6cI Pro Inlernallonal fomard lo beller sgivo the peoplg of our communlly. Thls lakes Inlo accounl suslalnablllly plannlng for the bulldlng's ullllly wllh the mind Ihal there ar8 lols of groups aftor spaces bul lacklng a budget, thoro are also dlff6renl groups that could po18nllally use Ihe bullding oul of houis as prlvale hlresi provldlng Ih8y allgn wllh the harlllos oF)18cls and ethos. Careful cash plannlng will occur lo ensure Ihal Ihe charity reduc6S It's liabllilles and contlnues to move back towards a posillon where by It Is able lo bulld back reserves. Page 4
LIGHT PROJECT PRO INTERNATIONAL (A company Ilinlted by guaranleel TRUSTEES, REPORT ICONTINUEO) FOR THE YEAR ENDED 31 MARCH 2024 structure, governance and management a. Constitullon The charflable company Is a company Ilmiled by guarante8 governed by Ils rules set oul In Ils Memoranduni and Artlcles of Assoolalion.11 was reglstered wilh tlie Charlly Commlsslon 01126 March 2012. The Iruslees, who ar8 also the dlreclors for Ihe purpose of company law, and who served during Ihe year and up to the dal6 ol slgnalure of Ihe financlal slatements wera: Mlchellna S Ngongo (Chalrperson) The Rl. Hon. Joreniy Corbyn Ulrlke Schmldl Valenlln Mollsh Yombo Dl6ma Cyilll8 Dampare Kelwyn Wllllams Helen Pallèrson b. Methods of appolntmènt or electlon of Trustees The Iruslees ar8 appolnted In accordance wllh th8 t8rms ol the governlng document. The Iruslees meal ragularly, as ne8d8d, lo conslder thé charllls recrullnient needs. None of Ihe Irust88s has aiiy b8iieflclal Inlerest In the company. All of the trustees are niembers of Ihe company and gu8ranle8 lo conlrlbule £1 In Ihe ev8nt of a wlndlng up. c. Indu¢tloii and tralnlng Inducllon and Iralnlng of Ih8 Irusteas Is undertaken on an Informal basls. All Irus168s ar6 kepl Inform8d al meelliigs ol Ih61r dullos and obllgallons under the law In addlllon lo thelr proper conduct. Approved by order of th8 member8 of the board of Trust88s aiid 819ned on Iholr behalf by.. Ml¢hellno Ngongo Trusteg Dale., LI-13 I b)'I,(- Page 5
LIGHT PROJECT PRO INTERNATIONAL IA company Ilmlted by guarantee) STATEMENT OF TRUSTEES, RESPONISIBILITIES FOR THE YEAR ENDED 31 MARCH 2024 Th8 Trusle8s (who are also (he dlreclors of. the charttable company for the purposes of company law) aro responslble for preparlng the Trusle8s' report and tho financlal slalemenls In.8ccordanc8 with applicable law and Unlled Klngdom Accounllng Standards {Unilad Klngdom Generally Accep18d Accounllng Pracllc8). Conipany law requlres the Tru51ee5 to prepare flnanclal slalemenls for each flnanclal , Uiider company law, the Trustees musl not approve the Ilnanclal slalements unl8ss they are sallsfled Ihal Ihey glve a Irue and falr vlew of the stale Df affalrs of the charllable company and of Ils Incomlng resoLFrces and appllcallon ol resourGes, Includlng118 Income and expendlturo, for Ihal p6riod. In preparlng those llnanclal sla18menls. Ihe Trustees are rgqulred lo.. selecl sullab16 accounllng polleles and Ih8n apply Ihem conslstenlly; observe the n)81hods and princlples of tho Char1116s SORP {FRS 1021, make ludgmenls and accounllng esllmales that are reasonable and prudent; slate wh81her appllcabl8 UK Accounting Standards IFRS 102) hav8 been followed, sublecl to any ma18rlal d8partur&s dlsclosed and axplalned In th8 Ilnanclal slalemeiils; prepare the Ilnanclal slaleménls on the golng coiicgrn basls unless11 Is Inapproprlala lo pr8sumo (hal (he charllabl8 company wlll conllnue In buslness. The Trustees ar6 responslble for kcoplng adequ8te accounllng records Ihal are sufflcl8iit lo show and explaln thè chgrllable company's Iransacllons and dlsclose wllh roasonable accuracy al any Ilme the Ilnancl81 poslllon of tho charilab58 company and enable them lo ensure that Ilie linanclal slalemenls coniply wllh thè Conipanles Act 2008. They 8r8 also respons5bl8 for safeguardlng Ihe assets of th8 charitable conipany and hence. for taklng reasonabl8 slaps lor tha prevenllon and del8clloii of fraud and other Irr8gularllles. Page 6
LIGHT PROJECT PRO INTERNATIONAL (A company Ilmltèd by guaranleol INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2024 Indepèndent examlner's repurt to the Trustees of Llght Prol8Ct Pro Inlernatlonal {'tho charltable company'l I report to the charlly trustoes on my examlnallon of the accounts of lh8 charllable cornpany lor the year endad 31 March 2024. Rosponslbllltles and basls of report As Ihe Iruslees of Ihe charllable company (and Ils dlrectors for Iho purposes of company lawl you are responslble for the propar811on of the accounts In accordancè wllh the r8qulr8ments of the Conipanles Act 2006 ('Ih8 2006 Act,), Havlng sallslled mys811 thal Iha a¢¢oun(s ol. the Gharilablè company are not requlred lo b8 audlled under Parl 16 ol Ihè 2006 Acl and are ellgibla for Independent exarnlnallon, I reporl In respecl of my 8xamlnallon .o(111o charilab16 company's accounls cairled oul under secllon 145 of Iho Charlllas Acl 2011 ('Ihe 2011 AGI,), In carrying oul Iny exanilnallon I havo followed th8 Dlrecllons glven by the Charlly C(iinmlsslon undor secllon 145151(b) of Ihe 2011 Act. Independènt oxamlner'8 Statement I have compl8led my exanilnallon. I conflrni that no mallers have com8 to my atlenllon In connecllon wllh the xamlnallon gSvlng me caus8 lo bellevè., accounllng r8Gofds were nol kepl In respecl of the charilable company as r8qulred by s8cllon 386 of Ihe 2006 Act,. or the accounls do nol accord wllh Ihose rècords. or lh8 accounls do nol comply wllh the accounllng requlremonls of Secllon 396 of the 2008 Acl other Ihan any requlremenl Ihal (he a¢coun18 glva a 'lru8. and falr. view whlch 1$ nol a nialler consldèrad 88 Part of an Ind8pendenl examlnallon,, or Iho accounls have not been prepared in accordance wllh the methods and prlnclp185 of the Slalemenl of Recommendéd Pracllcè lor accounllng and r8porllng by ¢harillos lappllcablo lo charllles preparlng Ihalr accounts In accordancg wilh the Flnanclal Reportlng Standard appllcable In Ihe UK aiid Republlc of Ir8land (FRS 102)1, I hava no concerns 8nd.have come across no olh8r mallers In conngcllon wllh Ihe examlnallon to whlch atl8nllon should be drawn In Ihls reporl In ordor to enable a proper understandlng of Ihe accoun181o be reached. Thls report 16 mad8 so181y to the charltable Gompanys trust8es, as a body, In accordance wllh Parl 4 of the Gharllles (ALcounls and Reports) R8gulallons 2008. My work has bean undertakon so Ihal I mlghl Slate lo the charllable company's Iruslees those m¢ltlgrs l am requlrad lo stale lo them In an Ind8p9ndenl éxamlner's report and for nD other purpose. To tho fullest exlent peTmltled by law, I do nol accopl or assunie responslblllly to anyone other than the chaFllablo company and Ihe charltable companls Irusle8s as a body, for my woik or for Ihls report. Slgned,. f SLq)LJ Dated: 2 |,{Lfj¥4 Chrlsloph8r Shepherd FCA Bllck RolhenboTg Llmlled Charlered Accounlanls 16 Great Queen Slreat Cov8nl Garden London WC2B SAH Page 7
LIGHT PROJECT PRO INTERNATIONAL IA company Ilmlted by guarantee) STATEMENT OF FINANCIAL ACTIVITSES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024 Reslrlcled lunds 2024 Unreslrlcled funds 2024 Total funds 2024 Tolal funds 2023 Nole Income from: Donallons and legacles Charllable acllvllles 116.111 17,790 116,111 17,790 110,555 2,417 Total Incom8 133,901 133,901 112,972 Expèndllure on: Charllabl8 aollvlll8s 141,088 141,088 140,535 Net movement In funds (7,187) (7,1871 (27,563) Re¢on¢lllallon of fui7d8', Total funds brought fomard Nel movement In funds 1869) (7,187) 3,000 2,131 (7,1871 29,694 (27,563) Total funds Garrl8d forward <8,056> 3,000 (5,056) 2,131 Th8 Slalfjmenl of flnanc5al acllvllles (IncoTporallng Income and Expendlluré Accounl) Includes all galns and losses recognlsed In tho year. The noles on pages 1010 19 form parl of these flnanclal 8lalem8nl8. Page 8
LIGHT PROJECT PRO INTERNATIONAL (A company Ilmlted by guarantee) BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Note Flxed assets Tanglble assets 10 2,946 3,928 2,946 3,928 Curr6nt assets Debtors Cash al bank and In hand 11 15,942 6,044 12,829 12,806 20,988 25,635 Credllors,. amounts fa511ng du8 wllhln one y9ar 12 {28.988} 127,432) Net curreiit Ilabllltles (8,002) 11,7971 rotal assets less Gurrant Ilabllllles {5,056) 2,131 Total nel asselsllllabllltles} {5,0561 2,131 Charlty funds Reslrlo18d fuiid8 Unreslrlclèd.funds 13 13 (8,056) 3,000 {8691 3,000 Total fund8 {5,056) 2,131 Tli8 charilablo company was en1I118d to ÈX8mpllon Irom audll under secllon 477 of the Compaiiles Act 2006. Thg mBmb8f8 have riol requlred th8 company lo oblaln an audll for the year In que511on In accordance with secllon 476 of Compan189 Acl 2006. The Truslees acknowledge Ih81r responslbllllles for cOmplng wilh Ihe requlremanls of th& Act with resp8cI Io accounling rerords and preparallon of fli)anclal slalemenls. The ITn8nclal 818lemenls have been prepared In accordance wllh the provlslons appllcable lo enlllles sublecl lo the small companles reglme. Tha flnancJaltslat8m&nls war6_approv8d and aulhoTlsed for Issue by tha Trusloes and slgned on thelr behalf by., Trtfsleo Dato.. The notes on pages 10 to 19 fomi parl of these flnanGlal slalemenls. Page 9
LIGHT PROJECT PRO INTERNATIONAL IA conipany limlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 General Informallon Llghl Project Pro Inlern8llonal Is a pilvate company Ilmllod by guarantee Incorpoialed In England and Walas. The regls18red offlce Is 16 Greal Queen Street, Covent Garden, London, WC2B 5AH. The Ilnanclal statements ara presented In Slerllng 1£). Accounllng pollcles 2.1 Bas Is of preparatloh of Ilnanclal statements The Ilnanelal slalemenls have b88n prepared In accordaiice wllh th8 Charllles SORP (FRS'1021 Accounllng and R8POrtliig by Chcir1118s'. Slalemenl of Reconinigiided Pracllcg appllcable lo chaillles preparlng Ihelr accounls In accordance with the Flnancial Reporllng Slandard appllcable In the UK and RepbE1C of Ireland (FRS 102) (offecllve 1 January 2019), Ihe Flnanclal Repoillng Standard appllcable In Ihe UK and Republlc of Ireland (FRS 102) and Ihg Conipanlas Acl 2006, Llghl Projocl Pro Inlornallonal meets Ihe deflnltlon of a publlc benelll enllly undgr FRS 102. Assets and Ilabllllles are illlllally recognlsed al hlslorlcal c081 or Iransacllom value unless othe189 slated In 1116 relovanl accounllng pollcy. 2.2 Golng ¢oneèrrt Slnc8 31 March 2024 addlllonal funds havo been secured and 1118 poslllon on Ihe slaler¢ienl of flnanclal poslllon has been Improv8d. Trustees have r8vlewed the flnanclal poslllon and strategy ef th8 charlty whlch recognlsed tho need for addlllonal revenue source8 and have slnce started lo ullllse Ihe L)ulldlngs space to Increase Ihe room and hall hlr8 Income Ihal c8n bg ralsgd. A full revlew of Ihe char1118s revenue Is lo be conducled In whlch allernallve or new r8venu9 streams are lo be souglil wllh the oblecllve lo furlher Iniprove Ihe flnancial posltlon and suslalnably rebulld reservos Ihal were used durlng the cosl of Itvlng crlsls. TrLt8tees have rèvl6w6d a delalled cash flow forec8sI to March 2026 8howlng sufflclenl funds lo provlde 8 reasonable oxpeclallon that the charitable company ha8 adequale resources lo conllnue In OP8rallonal oxlslence lor Ihe f()rose9abl8 futur8. For thls reason, they conllnue lo adopl Iho golng concern basls In préparliig Iha tinanclal statemeiils, 2.3 Income All Income Is reoognls8d once the charllable company has an11118menl to the Incanie,11 Is probable that tho Income will b8 recelved and Ihe 8mounl ol Income recelvable can b8 m8asured rellably. Grants are Included In Ihe slalement ol Itnandal acllvlllas on a recelvable basls. The balance of Incom& recelved for sp&clllc purposes bul nol expended during the perlod 15 shown In the relevanl funds on (ho balance sheet. Whgro Income Is recolved in advance of enllllemenl of recelpl, Ils recognlllon Is deferred and Included In Credl01$ as dGferred Income. Whera 6nllllemenl occurs before Incomè Is recalvod, th8 Income is accrued. Page 10
LIGHT PROJECT PRO INTERNATIONAL (A company Ilmlted by guaraiitee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcles (contlnued) 2.4 Expei7dlture Expendlturo Is recognlsed once Ihorè Is a legal or conslrucllve obllgallon lo IransfBr economlc b8n8111 lo a Ihlrd party, 11 Is probable Ihal a transfer of economlc benefits wlll bo requlred In selll@ni6nl and the amounl of the obllgallaii can be measured r8llably. Expendllure Is Glassllled by acllvlly. The Costs of éach acllvlty are niade up of Ihe lolal of dlrect cosls and shared cosls, Includlng support costs Involved In ijnderlaklng each acllvlly. Dlrecl costs allrlbulable lo a slngle acllvlty ay6 allocated dlroclly to (hal acllvlly, Shared costs whlch conlrlbule to mor8 Ihan on8 actlvlly and suppoil costs whlch are not allrlbulabl8 lo a slng16 acllvily are apporlloned belween Ihos& acllvltles on a basis conslslent wllh th8 US8 of resources. Central staff costs are altocated on Ihe basls ol Ilm8 spant, and deprecléllon charges allocated on th8 Portlon of lh8 assal's use. Expendllure on charllable acllvllles Is incurfed on dlieclly undertaklng the acllvlll6s whlch f(frrther the charllable company's oblectlves, as well as any assoclated supporl costs, All 6xpendllure Is Incluslve of Irr8COV8rabl8 VAT. 2,5 Tanglble flxed assets and depreclatlon Tonglble flxed assets cosllng £NIL or more are capllallsed and recognls8d whén lulure economlc b8nefll$ are probable and lh8 cosl or value of th8 assel ean be measured rellably. Tanglble fixed assels are Inlllally recognlsod al cost, Afler recognlllon, under Ilie cost Inod61, langlble rixed 8SSOts are measured at cosl less accumulaled depreclallon and any accumulated Impalrmanl losses. All costs Incurfed lo brlng a langlbl8 flxed asset Into Ils Inlended woiklng condlllon should bè Included In the measurement of cosl. Depreclallon Is charg8d so as lo allocale th8 Cost of tanglbla IIx8d. ass818 18ss Ihelr resldual valuè OV8r Ih81r esllniated useful Ilves, on 8 reduclng balanc8 bas18. 08preclallon Is provlded 01) Ihe followliig b8sls: 250/• reduclng balance Flxlures and fltllngs 2.6 Casli at bank aiid In hand Cash al baiik and In hand Includes cash and shoil-lerffl hlghly Ilquld Investments wllh a short malurlly of threa months or less (rom Ihe dale of acquisillon or openliig of the deposll or slmllar aG¢ounl, 2.7 Flnanclal Instruments The charllable Company only has flnanclal assels and Ilnaii¢lal118bllltlas of a kli)d11)al qua151y as baslc flnanclal Inslrunionls. Baslc flnanclal Inslrumenls are Inlllally re¢ognls8d al Iransacilon valu6 and subsoquènlly measiired al Ihelr selllemenl value wllh tho excepllon of bank loans whlch are subsequently mgasured al amorllsed cosl uslng the effecllve Inleresl m8lhod. Page 11
LIGHT PROJECT PRO INTERNATIONAL (A cotnpany Ilmltad by guarant&e} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcles {¢ontlnued) 2.8 Fund accounlli)g Gon8ral funds are unreslrlclad funds whlch ara avallable lor us8 al Ihe discrellon of the Irusle8s In lurlherance of the general oblocllv8s of tha charllabla conipany and whlch have not b8811 daslgnaled lor olhor purposos. Rostrlcled funds are funds whlch 8r8 lo be used In accordance wllh speclflc reslrlcllons Imposed by. donors or whlch havé been ralsed by (he charllable company for partl¢ular puiposes, The cosls of ralslng and admlnlslgrlng sucli funds ar8 charged agalnsl Ihe ¥peGlflL fund. Th8 alm and uso ol each reslrlcted lund Is sel out In lh6 notes to the financlal slatemgnls, Income from donatlons and lega¢les Reslrlcled funds 2024 Total fuiids 2024 Donallons Grants 480 116,631 480 115,831 116,111 116,111 Reslrlcled funds 2023 Total funds 2023 Donallons Grants 220 110,335 220 110,335 110,555 110,555 Page 12
LIGHT PROJECT PRO INTERNATIONAL (A company Ilmited by guarantaè> NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 NJARCH 2024 Inconie from charltable actlvltl88 Reslrlcled funds 2024 Total funds 2024 Us8r fe88 and room hlre 17,790 17,790 Reslrlcled funds 2023 Total fund8 2023 User f88s and room hlre 2,417 2,417 Analysis of exp8ndlturé on cliarltablè actlvltles Summary by fuiid type Reslrlc18d funds 2024 Total 2024 Dlrecl costs 141,088 141,088 Reslrl¢l8d funds 2023 Tol81 2023 Dlrecl cosls 140,535 140,635 Page 13
LIGHT PROJECT PRO INTERNATIONAL {A company Ilmited by guarant8é) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Analysls of expendllure by actlvltlfrs Acllv1118S undertakon dlreclly 2024 Support cosls 2024 Total funds 2024 Dlrect Costs 133,359 7,729 141,088 Acllvllles undertaken dlreclly. 2023 Support cos18 2023 Total lunds .2023 Dlrecl costs 134,384 6,161 140,535 Page 14
LIGHT PROJECT PRO INTERNATIONAL IA company Ilmlted by guarantea) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Analysls of expendlture by actlvltle5 (Contlnuod) AnaSysls of dlrèct costs Tolal funds 2024 Total funds 2023 Dlrect cos18 2024 Staff ¢ost$ Depreclatlon Rènl and rate8 Cl8anlng Repalrs and malntenance Prlnllng, poslag8 and stallonery Telephone Compuler Costs Travel Evenls Acllvllles rnalerSals Calerlng Bank charges . Advertlslrig and promollons Subconlraclors Gènerfjl office exp8nses InsuranG8S Staff Iralnlng Equlpmenl purchase 90,193 982 90,193 982 15,000 1,000 120 3,987 85,657 1,310 21,570 941 35 15,000 1,000 120 3,987 2,410 456 2,885 1,439 3,863 1,830 121 409 6,295 A,185 885 S2 1,247 7,087 1,899 19 2,051 1,360 3,181 795 108 219 5,170 1,356 899 82 645 456 2,885 1,439 3,8e3 1,830 121 409 6,295 1,185 885 52 1,247 133,359 133,359 134,384 Analy815 of 5upporl costs Total funds 2024 Tota5 funds 2023 Dlrecl costs . 2024 A¢counlanoy Legal and profeSsn81 2,556 5,173 2,566 5,173 2,088 4,063 7,729 7,729 6,151 Page 15
LIGHT PROJECT PRO INTERNATIONAL IA company Ilmited by guarante81 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENIDED 31 MARGH 2024 Indep6ndenf examln8Y's remuneratlon The Independenl examiner's ramunarallon aniounts lo an Indapendénl èxamln8r le8 of £2,160 (2023 £2,160). staff costs 2024 2023 Wages and salarlas Soclal securlly cosls Conlrlbullon lo dellned conlrlbullon p8nslon sch8m8s 86,878 1,998 1,517 81,839 1,713 2,105 90,193 85,657 The average number of persons employed by Ihg chailtable company durlng Ihe year was as follows., 2024 2023 Employees No employee rec8lved reniiinerallon amounllng lo more than £60,000 In elther year. Page 16
LIGHT PROJECT PRO INTERNATIONAL (A coinpany Ilmltod by guaranteÈ> NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Trustegs. remunerallon and exp8ns&s Durlng the year, no trustoe recelved any ramunerallon or other benefils (2023 £NIL). Durlng th8 year, no Irustea Oxpanses h8V8 been Incurred {2023 - £NIL>, l O. Tanglble f Ixèd assets Flxluros and fllllngs Cost or valuatlon Al 1 Aprll 2023 19,500 Al 31 March 2024 19,500 Depreclatlon Al 1 Aprll 2023 Charge lor Ihe year 15,572 982 Al 31 March 2024 16,564 Nel book value Al 31 March 2024 2,946 Al 31 March 2023 3,928 1q, Dabtors 2024 2023 Due wlthln one year Trade deblors Other deblors Prepayments and aGcru8d Incomè 4,153 1,442 10,347 11,042 254 1,533 15,942 12,829 Page 17
LIGHT PROJECT PRO INTERNATIONAL (A coirpany Ilmlted by guaraiitee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 12. Credltors: Amount5 falllng due wlthln one yèar 2024 2023 Olher laxallon and soolal securlly Olher credllors Accruals and def8ired Incom8 12,638 14,428 1,922 11,855 13,857 1,920 28,988. 27,432 13. Statement of fund8 Slateiment of funds . current year al8noe al 31 March 2024 Balance al 1 Aprll 2023 Income Exp&ndllur6 Uhreslrlcted funds Gener81 Funds all funds 3,000 3,000 Restrlcted funds Reslflcled Funds 811 lunds {869) 133,901 (141,088> {8,056) Total of funds 2.131 133.901 1141,088) 15,05SI statoment of funds . prlor ygar Balance al 31 March 2023 Balaiic8 at 1 Aprll 2022 Income Exp&ndlture Unre6trlct6d funds G8n8ral Funds - all funds 3,000 3,UOO Restrlcled funds R8slrlcled Funds - all funds 26,694 112,972 (140,535) {869) Total of funds 29.694 112,972 (140,535} 2,131 Page 18
LIGHT PROJECT PRO INTERNATIONAL IA Company Ilmlted by guayanteèl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 14. Relatad par(y transactions Tho charllable company has nol enlered Into any relal8d party Iransacllons during Ihe year, nor are Ihare any oulslandlng balances owlng belwe8n related pailies aiid the charltabla company al 31 March 2024. Page 19