TI4E LIGHT MUSIC SOCIETY
FINANCIAL STA TEMENTS FOR TI-IE YEAR ENDED 31 ST DECEMBEK 2024
CONTEM'S AND CFIARITY ThFORMATION
CONTENTS,,
PAGE..
Trustees Report
Iiidependent Bxaniiners Report
Statement of F4inancial Activities
Balance Sheet
Notes to the Financial Statements
TRUSTEES
Hilary Ashton
Jan Mentha (Chair to November 2024)
Tracey Johnson (Treasurer)
14oward Rogerson
David CJr¢enhalgh
Catherine Tacliley
James Coolce
Christopher Browne
Paul Witkiewicz (Chair frorn Novembei. 2024)
Andrew P￿]nY
CHMUTY OFI"IICES:
Victoria I-lall
37 Knowsley Street
Bolton
BLI 2AS
CIIARI'fY RE,GISTRATION NUMBER:
1158472
INDFPENDENI. EXAMINLR:
Ian W Shipley FCCA
For alld on beha￿. of:
Prentis & Co LLP
Chartercd Accountants & lttdependellt Ex¢llllillers
115c Milton Road
Cambridge
CB4 IXE
BAN.IILRS:
Co-operalive B￿k PIC
l B&lloon Street
Manchester
M60 4EP
Skipton Building Society
99 F%ishergate
Preston
United Trust Bank
l Ropemalcer Street
City of London
EC2Y 9AW

TI4E LIGHf MUS'IC SOCIETY
PAGE I
FINANCIAL STATh.MENfS foR THE YE,AR ENDE,D 3 1ST DECEMBER 2024
TRUSTEES REPOIIT
The Trnstees present Iheir at]nual report and financial Statements of the charity for the year ended 31 st December
2024. The fmancial statements have been prepared in acCOrdE￿¢e with the accounting polici¢s set out in note I
to the accounts and co]nply wÉth the charitls trust deed, the Charilies Act 201 l at]d Accounting and Reporting by
by Charities,. Statement of Recommended Practioc applicable to Charities preparing their accounts in accordallce
in accordaiice with the Financial Reporting Standard applicable ill the UK and Republic of Ireland (FRS 102)
second edition (effective 1st January 2019).
STRUCTURE AND GOVERANCE AND MANAGEMENT Ob THE CHARITY
The charity is a Charilable Incorporatgd Organisation govorned by its constitulion.
Trustees are usually elerted at the AGM although may be appointed at other times as required.
Tlie Trustees manage the day to day responsibilities of the charity. Trustees also meei to malce policy decisions and
superyise the development of the charity.
The Trustees endeavour lo maintain their knowledge of charity regulations by readillg m<lterial as it becomes available.
In the event of the appointment of n¢w trustees, 8Ult&ble ￿epS are taken to ensure that they are aware of their
obligation5.
OBJECTIVES AND ACTIVITIES
The charity was set up to promote, devolop and JJaintiin public education and appieciation of light music throughout
the world, in particular but not exclusively by:
SupporLing the colleclion, Inaintenance and adminiEtratioii of Ihe library of light-orGhestral music.
Publishmg infOrn￿tIon pert&ining to light music.
Encouraging the broadcasting, composition attd perfornLance of I1￿1t music.
The Trustees have referred to the guidance contained ill the Charity ComLnission general guidanie on public benefit
and conlinue to do so when reviewillg our futur¢ objcctives.
IIEVtr.w OF 'I"FtE, YEAR
Mcmbership
Mernbers are at the heart of our Society, and we have been mal(itig significant eiforts to develop our musical con]mllllity.
using direcl marlceting alld social Media engagement.
2024 saw a inodesl incrca8e in mombership from 354 ID January to 366 in December 2024. Thc increase was due to
rniisic groups joining, with eiisembles wanting to use our vast library of orchestral and dance b￿d music. We continue
to engage with peoplg aci'oss the world witb inernbers in Eiwope, North America and beyond. We now I￿ve 25 overseas
metnbers.
We ar¢ Const￿tlY lool(ing at ways to increase mcinbership. During 2024 we rnade direGL colllact with 71 UK orchostras
alld are now actively worlcing to cTeF4te events with p￿Iner organisations including several t&]ks. We havc recently
commeiiced direct marketing in North America.
Social ￿edia engag¢m¢nt is increasing, particularly on 14acebook with 2 p08ls issued a week. The Society has s¢en an
illCTease in facebook Collowers from 633 to 756 over Ihe 12-month period.
Since starting to record social tnedÉa stats in November 2023, oiir Faceboolc followers liave inci'eased from 433 to 756.
Likewise, OUT regllliLr newsletter cDnlinues to be at] iinportant communical'ion rnechatLiStn alld subscribers currentSy sit
dt 543 subscribers.
The cliallenge will always be thougli, to conv¢rt this good worlc into new Lnembers and w¢ are extremely graleful to the
Ida Carroll'frust for a granl of £3,000, received iti J￿uarY 2025, to fund the cost of u PR Consultant to advise on
our marlieting strategy.

THE LIG￿￿ MUSIC SOCIETY
PAGB 2
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 ST DECEMBER 2024
TRUSTEESREPORT.. ............,...,ICONTfNUED
Library
One of tbe Society's key assets is its vast library of owhestral and dance band music now numbering over 35,000 sets
of music and occupying 3 rooms at the Victoria Hall in Bolton.
The library continues to be used by orchestras arross the UK and beyond and our expert and much valued volunteers
ensurc that orders and infonnation requests are processed efficiently. Library usage is steadyy but we are keen to see
more of this vast resowce used. We hav¢ increased the m8rkcttng activity to better reflect what we have, how it C8
be used and by whom with our social media and newsletters PToviding ideas and recommendations for repertoir¢,
tI￿lle8 and composer choices.
We have seen an increase in music donation requests from 3rd parties and OUT Lil)rarylAcademic Subgroup consider
arefidly the bell¢fit of such requests.
Our dedirated and enthusiastic team of volunteers continue to ￿EllIarly attend each week and have mad¢ huge strides
to improve the quality of infomiation in our catalogue. The entire collection is now catalogue¢ alld ow voluntee
are working to rationalise the music, identifying duplicates, increasing the atnoullt of instrumentation information and
helping create new ve￿lonS of our catalogue. In 2024 we issued 3 new versions of the catalogue. A great achievement
onsidering we are only at the library I day a week.
Acadernic use of our library is something wc are trying to develop. The challenge is to make Acadernia aware of o
library and what we have to offtr. L[tll￿ with Huddersfield University and the RNCM in Manchester have been started.
Discussions have taken place with the National Archive in London to see i£we can establish any benefits from their
expertise and link into their funding opportunities. Work in tbi8 orea is ongoing.
We have had sevoral visitors to the libTary since moving to Bolton, including Catherine Bott fron] the BBC &s part
of the production of a BBC Radio progr4Jnrne celebrating the lifo of Ernest Tomlinson.
These continue to be a valuable way to raise the profile of th¢ Society.
Otber eventsldevelopments
Visit from Dr Kate Romgro, soloisL broadcaster and producer
Membership of Bolton CVS Gommen¢¢d
First overseas volunteer from Montana, USA
Clint Correll from USA visited to volunteer for a week in July
Tim Parkin in Cambodia volunteered to produce scores
October Playday to celebrate the lives of Ernest Ton)linson, Trevor Duncan and An¥ela Morley
Visit from Head of Bury Music Service
FINANCIAL REVIEW
The overall deficit of £4,038 (2023,. £41,042) comprised a deficit on operating activities of £18,021 (2023: £53,751), less
a gain on inveslnlents of £13.983(2023: £12,709 gain).
Total incon]e received from all sources was £28,308 (2023: £52,501). Income in 2023 includcd a legacy of £20,000 and
donations of £1,559 towards the cost of moving premises. Other SQUTces of income ren]ained reasonably consistent.
Total expenditure was £46,239 (2023: £105,802). 2023 included the costs of moving pr¢mises and fitting out the
new premises at Victoria Hall, totalling £48,736. It also incurred a full yeavs cost relating to the old premis¢s at Magna
House. In 2024 we only incurred costs on Magna House for 3 months, and the ongoing costs at Victoria Hall are
onsiderably lower. Thanks to investment gain5 of £13,983 (2023: £12,709) OUT reserves were only reduced by £4,038
in 2024, ending the year at £206,244 (2023,. £210,282).

'I'I IF4.1.1(i11l' MUSIC SOL"Ii.:'rY
l)A&l.: 3
I".INANfiAL,S'I-A'l-I:' IMI::N'I'S I.'OR 'I"I11., YI:.AR I.:NI)I:.1) 31 Sl. I)I,-LI.-MIII.:R 2024
i'ku8'ri.:L% Kl.:P()R'l'
./('.ON'I'INIJI.:I)
Rl.:Sl;.l£VI".S
At J l $1 DcG¢mber Ilik. SI￿1￿ty Iield IhL folli)wli)8 K'xerw¢￿ lTrh(Mn 111 NiJl¢ 7:
Unrosti'l¢iod IL￿¢rV¢S
l)c%igiirtlLxI fund%'.
l)rc)perty fund
'I'oit41 r¢8¢rv¢s
50,6111
145.64J
I,IiI.'I.: REd,Sl.'RVI-'
V¥Eo rL*ErvL>S <lY¢ untcsiriLlod rc%crvc% thkil"6WC not do%1$na￿d for a.gpecific purpos¢. 'fhe'l'riL8IL'¢S bu￿, 5¢1 # poITCy
of Inhinlaining li miiiiinuni lev¢1 uf IFeo rLsLYVC& o(LSO,(MIO, At J l ¥t l)cc¢mber 1024 the frcv ￿'S￿r¥c& h¥ld in lin¢
wFih iiio p()licy.
Dl"..gicJNAI'I.-D RI.:SI-RVI-.S
Desiyut¢d r¢scrv¢5 ar¢ unrcsiricled r¢s¢rY¢$ Ihi¥ i ha¥¢ be¢n sei asid¢ for %pe¢ift¢ purposcs, in line witji thi "Irusto¢s'
strdtcgic plan. 'lThe 'l'YustCL% havc agrocd to dtsigii&t¢ t1￿ followiiig lunds:
Prop¢rty fund lo provid¢ rc8ular ir¢come from invvslmcnls lo IuJ7d 011&oini refti#l costs.
K15K Assfs8MI.:NT
I'hc'l-ru4tLeS hJv¢ £¢)ll5idercd ihc major risks fac¢d by th¢ ¢harily and r¢vi¢w risk% rc&ularly* mukins surl, systoms arc In
pl4cL' lo ¥niiig3t¢ Iliesc.
KI.:Y MANACJF:MI!NI' ANI) l>kRSONNI-.I, RCMUNfRA'I'ION
'I'tic ¢h8rily ¢ons4d¢rs ihi Bvhrd of 'fru5W¢Y lu b¢ ils k¢y MaD￿vemen1.
S'I'AI'F,MLThT ni." 'I'Kus"ii.'i.:s' Rl.-.SPC)NS11311.1'1'ILS
I,aw applicubl¢ Lrf) ¢liarilTeS in Lngland Wales r￿U1r￿S Il)c'friistec5 to preparLtr ili¢ financial $talcm¢i)ts for LA¥h
rittatwial year which giivi. a Iruc and falr vi¢w r)rilw iThcoming r¢souiLws and upplieations of IhL' rosour¢¢s of Ihe
C]iarity during th¢ y¢ar l￿d of ils slal¢ ofaffJirs & th¢ end of the yctw. In pr¢paring fEnanc?ul staicincnt% giving a
truc and flir view, lh# Tmst¢¢s should follow b¢sl prncliic in.prcp41ring ihc fiiithcial slutem¢rilg the I rusl¢cs
ar¢ rcquircd iu:
(t)
SclL%I gtiitablc acLoiinling poli¢y and Ihp.n apply ihem ¢onslsiontty.
Obsvrve the mLihods and principl¢& (Jftli¢ Charilivs SOKP.
Mak¢ judgcmciits #nd ¢&ithules i1141 arc rcasollably prudoMI,
Stal¢ wh¢ther ￿pplIcable HL¢ouniin& st#ndards Rnd $tatotncnis of recoinmcndd pra¢tico havc bcL
rollowcd, subjcLt ts) any d¢part(iY¢s dis¢ltsscd and ¢xplain¢d in tli¢ financial statoiKenls,
t>rLyarc tho fittaftcial stAt¢m¢nls on # going Concern basis unlcss it is in&ppropriate lo preswnL the charity
will ¢unÈin¢i¢ in operation.
(ni)
(IYJ
(Y)
The 'l'rusi¢¢s ar¢ r¢$ponsibl¢ kceping Jccouniing rccords iyhich disrlosc wlih r¢usor(abl¢ 4¢¢iira¢y th¢
Inanci¥l posilion ofthL ¢h4rity and whi¢l) ¢rtabl¢ ihem £0 aseerthin Ih¢ financ141 posiilun of th¥ charity and
which onablc ih¢iik io cnsur¢ ihat th¢ fmai)ciAI 61ateaionis ci)mply wilh the ChdfiLi¢S Acl 2011, the Chttriiy (Accounls
und R￿pOrts) R¢guSations #nd th¢ provisions ofihv eoiirflluiion. -I'hoy are also responsiblc for safeguarding Ih
Jsscts ofihe charity #nd I￿￿L¢ for taking rcasonable sicps for thc prc¥¢ntlon and dclc¢lion or rrdud and vlher
irregularilies.
API>II()V AL
"I'liis rcport wal approved by th¢ 'frusLe¢s un f L I f
and signvd on their beh¢ilf.
"I'RACI,:Y J014N8ON, I'kUS'fL:

THE LIGHT MUSIC SOCIETY
PAGE 4
FINANCIAL STATEME,NTS FOR THE, YEAR ENDED 31 ST DECEMBER 2024
INDE4PENDENf EXAMINER'S REPORT TO TIIB ThiUSTEES OF TFIE LIGHT MUSIC SOCIETY
I report on the fjnancial statements of The Light Music Society fDr the year ended 3 1st December 2024 which aTe set
out on pages 5 to 9.
RLSPONSIBILITIBS AND BASIS OF REPORT
As Charity I'TU5tees of the Society you are responsible for the preparation of the accounls in accordAnc¢ wxth the
requirements of the Charilies Act 2011 ('the Act?.
I report ill respect of my exainination of the Society's accounts ca￿led out under s.145 of the 20I l Act and in C41rrying
out my examination I have followed all applicable directions gtvell by the Charity Con]mission under s. l45(5)(b) of
the 2011 Act.
INDEPENDENT EXAMINF4R'S STATEMEFrr
I have completed my examination. I confirm that no material inatters have come to my attention in connection with
the eX￿￿]natIo1] giving Ine cause to believe that in any tllaterial respect..
accountiiig recurds were not kept in respect of the Society as required by section 13 0 of the Act. or
the accounl's do not accord with ihose records,. or
the accounts do iiot comply with the applicable requirements concerning the form and colllent of
accounts sel out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement
that the accounts give a true and fair view which is not a matter considered as part of an independent
exarnination.
I have no concerns and have come dcross no malters in coi]nectioii witli the examination to which at¢¢ntlOll Should
be drawn in this report ITh order to enable a proper und¢rstanding of the iiccounls to be reached.
IAN W S141PLEY fccA
FOR AND ON BEHALF OF..
PRLNTIS & CO LLP
CFIAKI'ERE,D ACCOUNTAKI-S &
INDEPENDENT EXAMtNERS
115c Milton Rodd
C¢unbridge
CB4 IXE

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'I'l11." l.l(il I'r MUSIC SUCII,-'I-Y
PACJ13 6
I."INAN(.'IAI, s'rAI"i.:Ml:Nl% l.'0111'111:. Yl.:All I:.Nl)l.;1) 31 S'I, I)F.LI:;MHI.;R 2024
11A1,ANCI.' SIII.:I.-'I'
sat
31st rx'c¢mbor 2023
3181 l)L'£¢inbcr 2Q24
Nijli's
FrylXI,:I) ASSI'I'S
1111,472
174.519
(.'IJIIRI.:NI' ASSI..:I'S
l)cbi¢)rs.'
inoiiiitg falling duc
Ivlihin otye >r&r
Cash iii buiik. And 111 hatsd
-I'()-I-AL. LIIRRI.'N I. ASSCI'S
625
29,702
1.01 I
40.150
I.IABII,I'I'II.-S
CrL.ditorK amounts fnlling due
Iviiliin on¢ y¢ar
5,39¥
Noi C¢intAt Ass¢ts'
11)'I'AI. Nl,:'r A%sri
24.772
35,763
210282
I'I11.- I.-UNI)S OF"fHL SOCIITY
Unrcsiric¢¢d ill￿￿¢ funds
'ro'i'AI. i."UNDS
206,244
210,282
210,282
Thc fiiianciul siaiem¢nts w¢r¢ approvod by ih¢'l'rust¢¢s on
nd slgn¢d on their behalf.
rJ
'I'IIACLY JOIINSON
-rKUS'I'E.:I.:
'lThe iWiLs oil pag¢s 7 lo 9 forni p4rl ofih¢sL. finunciul siulcm¢Thts.

THLI LIGIIT MUSIC SOCIE'rY
PAGE 7
FINANCIAL S'I'ATEMBNTS FOR THF. YEAR ENDED 31 ST DFLBfvIBER 2024
NOTBS TO THE FINANCIAL STATEMENTS
ACCOUNTING POLICIES
(a) BASIS OF PREPARATION OF FINANCIAL STATEMENTS
The financial slatements have been prepared in accordance with Accounting and Reporting by Charities..
St'al'ement of Recommended Practice applicable to chariti¢s preparing theii accounts in accordance with
the Financial R¢poiting Standard applicable in tho UIC and Republic of Ireland {FRS 102) second edition
(effective I gt January 2019) - (Charities SORP (FRS 102)) and the Financial Reporting StsTrdard
applicable in the UK and Republic of Ireland (FRS 102) and tbe Charities Act 2011.
'll]e charity has also taken advantage of exemptions available for Srndller cntities under section l A of
FRS 102 and the Charities SORP (FRS 102) updated Bullet￿ l effective January 2019, In particular have
taken advantage of the exemption to prepare a Statement of Cash Flows.
The financial statements have been prep&r¢d under the historical cost convention with items re¢ognised
at cost or trallsactioll value unless otherwise ststed in the relevant notes to Ihese financial staten]ents.
The charity's financial sldtements are prepared under ihe goiiig concerii basis. This is appropriate and
the trustees ￿'e of the view that there are no factois that affect going concern in the following 12 months.
(b) FUND ACCOUNIING
The charity tllaintaills a general unrestricted fund which is expendable at the discrdion of the TTUSt¢es
irt fuilh¢rance of the objects of the charily.
(c) INCOML
All income is recognised in the Sl'atement of Trinallcial Activities when thc condilions for receipi have
been met and there is r¢&8onable assurance of receipt. Where a claim for repayment of incomc tax h¢lS
ur will be mdde such income is grossed up 'lor the tax recoverable, The followLng policies are applied
to income.
- INVF:STMENF INCOM
InvestftLent income is accountcd for when rg¥eivable, 'fh¢ tax rc¢ov¢rable relatlllg to investment
income is a¢¢ounted for in thc san]e period as the rclai'ed income.
-.DONATIONS
InC0￿C is a¢coiint¢d for wben receivable. Any tax recoverable relating to the donations is accounted for when
reccived.
- MEMBERSHIP INCOME
Membership income is accounted for and covcrs the period of memb¢rship commencing therefi'om.
(d) CHARITABLLI ExpfNDITURE
Direcl cliariiablc cxpenditure includ¢s all expenditure directly related to the objects of the charity and
is accounted for wlien the Trustees have accepted a legal or moral obligation to mect the expenditure.
Suppoil and governance ro8ls are included within charitable expLndilur¢.
(¢) fNVESTMENTS
rixcd asset investments arc included in the accounts at marlcet value. Realised ¢iiid unjralised gains
and losscs on those investments are disclosed s¢paratcly in die Statement of Financial Activities.

TFLE LIGHT MUSIC SOCIETY
PAGE 8
F￿ANCIAL STATEMENTS FOR T14E YEARENDED 31ST DECEMBER 2024
NOI'ES TO TIIB FINANCIAL STATEMENrs
CHARITABLE ACTIVITtES
DIRECT COSTS
Library arAd membership admiThi5tration
Rent
Other preD]ises costs
Playday
Magazine and newsletter production
Printing
Postage
Professlonal fees
Volunt¢¢r travel expenses
2024
2023
15,714
11,250
3,739
275
8,504
1,099
1,272
396
167
14.412
18,125
54,785
210
8,635
1,459
1,401
1,236
283
42,416
100,546
SUPPORT COSTS
Computer and telephone
Stationery
Miscellaneous
Investment management fees
LIO
224
696
1,765
2,795
696
573
1,262
1,801
4,332
GOVERNANCE COSTS
Independent Ex￿nIllers Fee
TO'fAL CFIARITABLE COSTS
1,118
46,329
924
105,802
TRUSTEE TRANSACTJONS
The lollowing payments wcre nLade to the TTUStees for the reimbursement of expenses paid on behalf
of the charity, or fDr services provided but not related to the office or worl< done in the role ofTrllstee.'
2024
2023
H Asliton
£288
£558 - voluntccr ¢xpcns¢s, postag¢ and travel
D Greenhalgh
£140
£727 - volunteer expenses, traveE, miscellaneous and sLationeiy
J Mentha
£0
£477 - insurance and misccllaneous
Any services the trustees and related parties receive from the charity are on the game basis as
other members of the charity and members of the public.

THE LIGHT MUSIC SOCIETY
PAGE 9
FINANCIAL STATEMENfs FOR THE YEAR ENDED 3 1ST DECEMBER 2024
NOTES TO THE FINANCIAL sTATEM￿T8
tNVESTMENTS
2024
2023
Market valu¢ at 1st January 2024
Additions
Disposals
Realised Gains/(losses)
UnTealised Gains
169,248
176,688
100,554
221,551
(107,853) {241,700)
1,781
(1.447)
12,202
14,156
175,932
169,248
Markot value at 315t December 2024
Capital A￿OUnt
TOTAL INVESTMENTS AT 3 1ST DECEMBER 2024
Historical cost at 31st December 2024
5,540
181,472
156,723
5,271
174,5J9
161,322
DEB TORS - DUE WITHIN ONE YEAR
2024
2023
Prepayments
625
I,oii
CREDITORS . DUE WITHIN ONE YEAR
2024
2023
AG¢n￿lS and deferred income
5,555
5,398
STATEMENF OF FUNDS . 2024
bl]%vd
I st January
2024
clfwd
Gains on 3 1st December
Income Expenditure Investh)ents
2024
Ggneral uDrestricted
Desiguated- Prop¢ty fund
Total ￿ndS
54,639
155,643
210,282
28,308
(46,329)
13.983
50,601
155,643
206,244
28,308
(46,329)
13,983
Property knd - inve5ttnent to provide income to fund future rental costs.
STATEMENT OF FUNDS - 2023
b/fwd
1st January
2023
clfivd
Gains on 3 1st December
Jncome Expenditure Investments
2023
Restricted fullds
General unrestricted
DesigDated- Project fund
- Property fund
1,750
49,574
20,000
180,000
1,559
50,492
(3,309)
(58,136)
(20,000)
(24,357)
52,051 (105,802)
12,709
54,639
155,043
210,282
Total funds
251,324
12,709
Project development fund- £20,000 expended on rnove costs.
operty fi]nd - £24,357 expended on move costs and balance of £155,643 invested to
provide income to fimd future rental costs.
Restrirted fund - grants given foT Dloving premises wholty expended in the year.
RELATED PARTY TRANSACTIONS
During the year £50 was paid to Cambridge Concert Orchestra for conccrt expenses. Jan Mentha who is
one of the Trustees of the charity is also a trustee of Cambridge Conc¢rt Orchestra.