Charity registration number 1153557 (England and Wales) Company registration number 08662809 THE WORSHIPFUL COMPANY OF LIGHTMONGERS CHARITABLE TRUST LIMITED (A COMPANY LIMITED BY GUARANTEE) ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
THE WORSHIPFUL COMPANY OF LIGHTMONGERS CHARITABLE TRUST LIMITED LEGALAND ADMINISTRATIVE INFORMATION Trustees Stephen Thomas Peter Harris Robert Kronman Michael Collell Stuart Carter Bruce Kirk John Rowsell (Appointed 25 November 2024) (Appointed 26 February 2025) (Appointed 26 February 20251 Charity numbor 1153557 Company number 08662809 Registered office S Robin Hood Lane Sutton Surrey SM12SW Independent examiner Miriam Hickson FCA CTA 5 Robin Hood Lane Sullon Surrey SM12SW
THE WORSHIPFUL COMPANY OF LIGHTMONGERS CHARITABLE TRUST LIMITED CONTENTS Page Trustees, report Independent examiner's report Statement of financial activities Balance sheet Notes lo the financial statements 8-13
THE WORSHIPFUL COMPANY OF LIGHTMONGERS CHARITABLE TRUST LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 JULY 2025 The trustees present their report and financial statements for the year ended 31 July 2025. The financial slalemenls have been prepared in accordance with the accounting policies sel out in note 1 to the financial slalemenls and comply with the charity's Memorandum & Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities.. Slalement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in th8 UK and Republic of Ireland {FRS 102) (effective 1 January 20191" Objectlves and activities The charity's aims are lo raise more funds in order lo conlintje to increase the level of donationslgranls the charity is able to make lo the causes we support such as helping those with sensory impairment of sight andlor hearing. supporting affiliated organisations and lo extend ils support lo encouraging lightin9 education. Public Benefit The trustees have paid due regard to guidance issued by the Charity Commission. including public benefit guidance, in deciding what a1ville$ the charity should undertake. A¢hlevements and perforniance Financial review During the period, donations lo charities of £26,600 {2024.' £24,160) and Education and Military Awards of £8,632 12024.. £8,805) were made. Total income as shown in Ihe statement of financial activities amounted to £52,322 (2024. £53,675). Reserves poli¢y 11 is the policy of the Charity lo progressively build up the capital fund of the Trust through legacies, specifi¢ one-off donations and some of the Investment income and to distribute annually a proportion of investment income, together with, as far as possible, all monies received by way of annual donations from members and specific fund- raising activities in pursuance of its obje¢lives. The trustees have assessed the risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to those risks. Structure, governance and management The charity is a company limited by guarantee, and its governing documenl is its Memorandum and Articles. All decisions concerning grants and investments of funds are made by the trustees as are those concefning the appointment of the trustees. Meetings are usually held three limes a year and additionally as appropriate. The general administration of the Charity is handled by the Company's Treasurer. Mr R Rawson and its Trustee Secrelary, Mr E Taylor, both of whom for these purposes are directors of The Worshipful Company of Lightmongers Charitable Trust. Those nominated as trustees, who are also directors for the purpose of company law. and who served during the year and up to the date of signature of the financial statements were.. Barbara Harding (Resigned 25 November 20241 Stephen Thomas John Harding Petei Harris Robert Kronman Michael Collett Stuart Carter Bruce Kirk John Rowsell (Resigned 25 November 20241 (Appointed 25 November 2024) (Appointed 26 February 2025) (Appointed 26 February 2025)
THE WORSHIPFUL COMPANY OF LIGHTMONGERS CHARITABLE TRUST LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025 The Iruslees may al any lime appoint an individLJal who is a member of the Lighlmongers Company lo be a trustee, up lo the maximum number allowed under the conslilulion of the Charity (currently 7). The Iruslees are not subiect lo retirement by rotation, bul serve fixed lerms of office of three years. Al the end of the first term of office a Iruslee may be re-appointed to one further term of office by the remaining trustees. None of the Iruslees has any beneficial interest in the company. All of the trustees are members of the company and guarantee lo conlribule £1 in the event of a winding up. Revlew l am grateful for the support of my fellow Trustees in providing their time, energy, and enthusiasm lo the work of the Trust and lo our Treasurer Roger Rawson and our Secretary, Pag1 Master Eddie Taylor for management of the administration of the Trust. Along with the Board of Trustees, I would like lo thank all those who have given so generously to the Trust in the last year and encourage any Liveryman or Freeman who does not already support the Trust lo do so. One-off donations are always welcome. The appropriate forms for annual contributions including Gift Aid are available from the Secretary or the Clerk. The trus approve0 y th eport was prepared in accordance with the special provisions relating lo small companies and Board of Trustees. Stephen Thomas Truste Date.. ADlk>
THE WORSHIPFUL COMPANY OF LIGHTMONGERS CHARITABLE TRUST LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE WORSHIPFUL COMPANY OF LIGHTMONGERS CHARITABLE TRUST LIMITED I report to the trustees on my examination of the financial slalemenls of The Worshipful Company of Lightmongers ChaTltable Trust Limited (the charity) for the year ended 31 July 2025. Responsibilities and basis of report As the trustees of the charity {and also its directors for the purposes of company law}, you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the ¢harily's financial statements carried out under section 145 of the Charities Acl 2011. In carrying out my examination I have followed the Oireclions given by the Charity Commission under section 14515)Ib) of the Charities Ad 2011. Independent examiner's statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were nol kept in respect of the charity as required by section 386 of the Companies Act 2006. the financial statements do not accord with Ih05e records., or the financial slalements do not comply with the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination., or the financial statements have nol been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounling and reporting by charities applicable lo charities preparing Iheir financial slalemenls in accordance wilh th8 Financial Reporting Standard applicable in Ihe UK and Republi¢ of Ireland {FRS 102). I have no concerns and have come across no other mallers in connection with the examination lo which allenlion should be drawn in this report in order lo enable a proper understanding of the financial statements to be reached. Miriam Hickson FCA CTA JCS Accountants Ltd S Robin Hood Lane Sutton Surrey SM1 2SW Dale.. 2026
THE WORSHIPFUL COMPANY OF LIGHTMONGERS CHARITABLE TRUST LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 JULY 2025 Unrestricted Restricted funds funds 2025 2025 Totsl Unrestricted Restricted funds funds 2024 2024 Totsl 2025 2024 Notè8 Income from: Donations and legacies Income from charitable activities Investments 18,146 5,000 23,146 19,458 5,000 24,458 12,575 16,601 12.575 16,601 10.940 18,277 10.940 18,277 Total Income 47,322 5,000 52,322 48,675 5,000 53.675 enditure on: Raising funds 13,430 13,430 12,247 12,247 Charitable activities 36,137 3,120 39,257 31,607 5,075 36,682 Total expandlture 49,567 3,120 52,687 43.854 5.075 48,929 Nel gainsl(losses) on investments 13 19,1161 {9,116) 21,215 21.215 Net movement In fund8 (11,361) 1,880 19,4811 26,036 {75) 25,961 Fund balances al 1 August 2024 594,404 14,070 608,474 568,368 14.145 582,513 Fund balances at 31 July 2025 583,043 15,950 598,993 594,404 14,070 608,474 The statement of financial aclivilies includes all gains and losses recognised in the year. The slalemenl of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing aclivilies. The statement of financial activities also complies with the requirements for an income and expenditure account under thè CompaniesAcl 2006.
THE WORSHIPFUL COMPANY OF LIGHTMONGERS CHARITABLE TRUST LIMITED BALANCE SHEET AS AT 31 JULY2025 2025 2024 Notes Fixed assets Investment5 Current assets Debtors Cash at bank and in hand 14 $47,839 556,869 15 23,883 32,350 18,210 39,559 56,233 57,769 Creditors: amounts falllng due withln one year 16 {5,079) (6.1641 Net current assets 51,154 51,605 Total assets les8 current liabilitles 598,993 608.474 Income fund8 Restricted funds Unreslric General unreslflcted funds Revaluation reseNe 17 15,950 14.070 538,065 44,978 545,250 49,154 583,043 594,404 598,993 608.474 The company is entitled to Ihe exemption from the audil requirement contained in section 477 of the Companies Act 2006. for the year ended 31 July 2025. The directors acknowledge their responsibilities for complying with the requilements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476. These financial slalements have been prepared in accordance with the provisions applicable to mmpanies subject to the small Companies regime. Th ial slatemenls were approved by the Trustees on enT as Trus Company Registration No. 08662809
THE WORSHIPFUL COMPANY OF LIGHTMONGERS CHARITABLE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY2025 Accounting policies Company Informatlon The Worshipful Company of Lightmongers Charitable Trust Limited is a regislered charity and a private company limited by guarantee incorporated in England and Wales. The registered office is 5 Robin Hood Lan8, Sutton. Surrey. SM12SW. 1.1 Accounting convention The financial slalements have been prepared in accordance with the charity's Memorandum & Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective 1 January 20191" The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Updale Bullelin 1 not to prepare a Statement of Cash Flows. The financial slalemenls are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded lo the nearest £. The financial slalements have been prepared under the historical cost convention, modified to include the revaluation of investments at fair value. The principal accounting policies adopted are set out below. 1.2 Going ¢on¢ern At the lime of approving the financial statements, the trustees have a reasonable expectation that the Charity has adequate rèsources lo continue in operational existence for the foreseeable future. Thus the trustees, continue lo adopt the going concern basis of accounling in preparing the financial statements. 1.3 Charitsble funds Unrestricted funds are available for use al the discretion of the trustees in furtheran of their charitable objectives. Unrestricted funds are income resources receivable without further specific purpose and are available for general purposes lo be used at the discretion of the Tfustees. Restricted funds have a restriction placed on them by the donor and musl be used in accordance with the terms of Ihal restriction. 1.4 Income Income is recognised when the charity is legally entitled lo il after any performance conditions have been mel, the amounts can be measured reliably, and il is probable that income will be received. Any income received for events that will lake place in future years is deferred. Cash donations are recognised on receipt. Other donalions are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income lax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the lime of the donation. Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent assel.
THE WORSHIPFUL COMPANY OF LIGHTMONGERS CHARITABLE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025 Accounting policies (Continued) 1.5 Expenditure Expenditure is recognised once there is a legal or Constructive obligation lo transfer economic benefit to a Ihifd party, il is probable that a transfer of economic benefits will be required in settlement. and the amount of the obligalion can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support Costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which ¢onlribule lo more than one activity and support costs which are not attributable lo a single aclivily are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocat8d on the basis of lime spent, and depr8ciation charges are allocated on the portion of the asset's use. Expenditure 15 re¢ognised on an accruals basis when a liability is incurred. Expenditure is inclusive of any VAT which cannot be recovered Donations payable are accounted for when the charity is committed lo paying them. 1.6 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held al call with banks, other short-lerm liquid investments with original matLtrilies of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in currenl liabilities. 1.7 Flnanclal Instruments The charity has elected lo apply the provisions of Se¢lion 11 'Basic Financial Instruments, and Se¢tion 12 'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the conlraclual provisions of the instrument. Financial assets and liabilities are offset. wilh the net amounts presented in the financial statements, when there is a legally ènforceable right to sel off the recognised amounts and there is an intention lo settle on a nel basis or lo realise the asset and settle the liability simultaneously. 1.8 Basic flnanclal assets Basic financial assets. which include debtors and cash and bank balances. are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constilules a financing transaction, where the transaction is measured al the present value of the future receipts discounted al a market rale of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities Basic financial liabilities. including creditors and bank loans are initially recognised at transaction Price unless the arrangement constilules a financing transaction, where Ihe debt instrument is measured al the present value of the ftjture receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Trade creditors are obligations to pay for goods or services that have been awuired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-currenl liabilities. Trade creditors are recognised initially al transaction price and subsequenlly measured at amortised cost using the effective interest method.
THE WORSHIPFUL COMPANY OF LIGHTMONGERS CHARITABLE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 JULY2025 Income from donations and legacles Unre8trtcted Restricted funds funds 2025 2025 Total Unrestricted Restricted funds funds 2024 2024 Total 2025 2024 Donalions and gifts Legacies 18.146 5,000 23.146 14,458 5,000 5,000 19,458 5,000 18,146 5.000 23.146 19,458 5,000 24.458 Income from charltable activltles 2025 2024 Events 12,575 10,940 Income from investments Unrestrlcted Unrestricted funds funds 2025 2024 Income from listed investments Interest e1Vable 15,867 734 17.366 911 16,601 18.277 Expenditure on raising funds 2025 2024 Expendilure on charitable activities Staging fundraising events 8,464 7,046 Investment management fees 4.966 5,201 13,430 12,247
THE WORSHIPFUL COMPANY OF LIGHTMONGERS CHARITABLE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY2025 Expenditure on Charitable activities 2025 2024 Education l MeritAwards Presented (see note 9) 8,632 8,805 Grant funding of activities (see note 12) 26,600 24,160 Support ¢osts (see note 7) Governance costs (see note 7> 905 3,120 857 3,060 39,257 36,682 Analysis by fund Unreslricled funds Restricted funds 36,137 3,120 39,257 For the year ended 31 July 2024 Unreslricled funds Restricted funds 31.607 5,075 36.682 Support costs Support Governance costs costs 2025 2024 8a818 of allocation Bank charges Travelling and 5ubsislence 86 819 86 819 80 Support 577 Support Independent exam fees A¢¢ounlancy 1,470 1,650 1,470 1,650 1,410 Governance 1,650 Govemance 905 3.120 4.025 3,717 Employees There were no employees during the year.
THE WORSHIPFUL COMPANY OF LIGHTMONGERS CHARITABLE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025 Education l Merit Awards Presented 2025 2024 Military Awards 56 Iwoolwich) Air Cadets Meals For Afmy and RAF 579 Squadron Merit Award . Bob Harris 606 Squadron Meril Award - Rod Bennion HMS Queen Elizabeth Merit Award Haringey Sea Cadels Challenge Coins 500 870 760 750 750 500 732 500 840 750 750 750 500 4,852 4,090 Education Awards The Bartlett School of Architecture Attendee Cosls for Award Winners Construction Liveries Group annual subscription and awards costs NCW & MH Head Boys and Girls & attendee costs ALD LIA HND Science prizes for Mary Hare and NCS 500 130 1,000 650 405 1.210 500 500 450 1,710 500 500 3.780 4.715 8,632 8,805 10 Trustees None of the trustees (or any persons connected with them) received any remuneration during the year. None of the trustees were reimbursed for expenses during the year. 11 Taxatlon The charity is exempt from taxation on ils activities because all ils income is applied for charitable purposes. 10-
THE WORSHIPFUL COMPANY OF LIGHTMONGERS CHARITABLE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025 12 Grants payable to the charitable causes supported 2025 2024 Charities su ortin Blind In Business Brit. Blind Sport Fight for Sight Extant work for the 81ind: 500 500 1,000 500 500 500 1,000 500 2,500 2,500 Charities Su Deaf Blind UK Treloars ortin work for DeaflBlind: 1.000 1,000 1,000 1,000 2,000 2,000 Charities Definitely Theatre 500 500 Affiliated Sch Is: Mary Hare School for the Deaf New College Worcester 7,650 7,650 7,000 7,000 15,300 14,000 Charitles: St. Bololph's Charity City Hackney Carriage Drivers Lord Mayor's Appeal Master's Discretionary Donation Royal British Legion Trustees of Ihe United Guilds ABF Soldiers Charity Livery Companies Skills Council Annual Subs British Red Cross Sl James Palace Tour Garden of Rememberance 500 1,500 1,000 500 1.500 1,000 500 500 200 500 100 500 200 600 100 1,SOO 300 200 360 6,300 5,160 26,600 24,160 13 Net gainslllossesl on invesbnents 2025 2024 Revaluation of investmenls Realised loss on sale of investments 24.843 133,959) 44,335 123,1201 {9,116) 21,215 11
THE WORSHIPFUL COMPANY OF LIGHTMONGERS CHARITABLE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED> FOR THE YEAR ENDED 31 JULY 2025 14 Fixed asset investments Listed investments Cost or valuation Al 1 August 2024 Additions Valuation changes Disposals 556,869 626,517 24,843 1560,3901 At 31 July 2025 547,839 At 31 July 2024 556,869 Flxed asset inveslments revalued The historical cost of investments included at valuation is £502,861 12024.. £507,715). 15 Debtor8 2025 2024 Amount8 falling due wSthin one year: Trade debtors Other debtors 6,475 17,408 640 17,570 23,883 18.210 16 Credltors: amounts falling due wlthln one year 202S 2024 Trade creditors Other creditors Accruals and deferred income 349 4SO 4,280 349 565 5,250 5,079 6,164 12-
THE WORSHIPFUL COMPANY OF LIGHTMONGERS CHARITABLE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025 17 Restricted funds The restricted funds of the Charity comprise the unexpended balances of donations and grants held on trust subject lo specific conditions by donors as lo how they may be Lssed. At 1 August 2024 Income Expendltu At 31 July 2025 Education awards Military awards 8,900 5,170 8.900 7,050 5,000 13,120) 14,070 5,000 13,120 15,950 Prevlou8 year: At 1 August 2023 Income Expendlturn At 31 July 2024 Education awards Military awards 11,500 2,645 {2,600) {2,475) 8.900 5,170 5,000 14,145 5,000 15,075) 14,070 18 Analysls of net assets between funds Unrestricted Restricted 2025 2025 Total Unrestricted 2025 2024 Reslricled 2024 Total 2024 Fund balances al 31 July are represented by.. Investrnenls Current asse1111ab1lltles> 547,839 35,204 547,839 51,154 556,869 37,535 556,869 51,605 15,950 14,070 583,043 15,9SO 598,993 594,404 14,070 608,474 19 Related party transactions There were no disclosable related party transactions during the yeai12024 - none). 13-