THE LIGifF MUSIC SOCIETY tNANCIAL S"I'ATEMEFll S FOR THF. YEAR F14DED 3 1ST DEcEMBR 2025 CoNTEs ANT) CHARrrY r4r.QRMATION CONTEME.. PAGE: Truslcu Report Independ¢uE Exrtminer6 Report Stateniettt of Financial A¢tivitie8 Balattce Sheet Notes to th¢ Fipancial Statements TRUSTEES.. Hilary Ashton Jao Menth Trncey Johtt80ll cfr¢agJrer) Howard kng¢TSon David Gr¢enbalgh Catherine Tackiey James Cooke Christopher Browne Paul Witkiewicz (CbaiT) Alldnw Petmy Timothy Parkiu {AppoiTrted June 2025) TiLnothy Isard (Appointed June 2025) CHARrrY OFFICES.. Vi¢totia Hall 37 KnoleY Street Bolton BLI 2AS 1158472 lau W Shipley FCCA For and on behalf of.. Pr¢nti8 & Co LEP Chartered Ac¢outLtallts & Independ¢otExuJnillers 115r Miiion R(trad Catnbrtdge CB4 IXE CTrOperntiv¢ B4Jk Pl¢ l Balloon Streoi MaTJbhest¢r M60 4£P Sknpton Building Society 99 Fisbergate Pres PRI 2AB United Trust Bank l Ropemak¢r S¢reet City oILottdon EC2Y 9AW
THE LIGHT MUSIC SOCIETY PAGE I FITNcIAL STAI'r,MFw. rs FOR"LHE YEAIi L.NDED 31ST DECEMBER 2025 TRUSTF.E8 REPORT The Tpjsiees present Iheir annual report and financial statcmcnts of the ¢hllri¢y fDr the Y ended 31st tkcembcr 2025. The financiAI staten)ents hBve been prepad in accordance with the accounijng policies set out ijt note I to the accourÈts and cott)ply with the charItS tsmst deed, the Charities Act 2011 and Accouniitig end ReporttD8 by by Clwi12es.' Statem¢ni of Recomwerlded Practice appli¢8ble ¢0 ¢hArsties preparing thelra0Unt5 in accordance in accordan witb t Fin&llcial Reportiug Sthnddrd #pptiGtible iu the UK and Kepublic of Ireland (FRS 102) 8eco1 ltiOn {effliVe 1st Jattuary 2019). STRUCTURE AND Govfm. NCE AND N(ANAGEMWNT OF TIiE CHAJirrY Tr clwity is a Charitttble 1ttc0rporad Organisation governed by its Consti0]L Truste 4re usually el•xted at the AGM although may be appointed al oth¢r tim¢s &s required. Ibe Tntee8 manage the day to day re8poL8ibiliti¢s of th¢ charity. Trus*¢8 also n)e¢t to n]ake policy d¢¢i8iofJS alld supeTr'ige the development of the clmrity. The TNstetJ eDdeavour to matntain their knowled8e of charityre8uiatsorJ8 by reading rnateriat &$ it becom6s avuilable. tn th¢ evcot of the appoillth]ent of new tnJ8t¢es, suiLqble steps a¥e t8knn ts ensure that they #re aw¢ of ibeir ObglOn8. OBJECTtVES AND ACTtvrrtES The cljarity was set w) to promote. develop and aItalti pllbiic tslucatioll aod appr¢¢i&tiott of light ttlltsic tILrougbtsut the world, irLParti¢ularbut Ilof exclusivelyby. . Supporting the wlleetioty maintenance and admini8tratioll of the ijlrnry of light-orchestTrl tsu1¢. . Publishing information pertaining to lighi n[0. . Encouwing the brOadwtij ¢onwition s[ perfomunce of light nwsic. The Truste¢s ve thrred to the guidance colltsiE)ed itt the Chdrity Conunisslongen¢I 8uidAnce onpublic bthefit nd Colliinue ¢0 do 80 revicwing our thture objtxtives. REVtEW OF THE YEAX Overn4ew Thc Light Musi¢ Society h8$ ]]ad arK)ther steadyye4r with a 8trotJg B08rd of Trnytees continuing towork effectively to ets8urc the success and long-t¢rnl 5UStaitiability ofthe Swiety. With tbe supptsrt of its outs(atiding team of v0luDiee. a 8igttificanl amount of activity been erta durtng 2025 to Colu&llY iojprove the So¢ietys Vdst lib and Brthive and to prollt¢ the 0ry2tiisation to a Tmder audience. A PK calllpaigttwas undertaknn ¢kning the year leail by a profwIoI cowuttaO4 with fimdiDg obtai[d fTOW th¢ Ida Carroll Trust and this acbieved a te&sonable level of su¢ce&8 with E4rticte4 ill Cla&sical Music kfagazine alld regional publications. To support the PR can]paAgn. a $ociat tnedia corysul&u¢ w eugaged to h¢lp d¢velop the Societys on-line PTes¢n¢e ftnd providc trailliThg to TJSt ood volunteers oll how bett to develop social media m¥s8ging and tnanageuiellt. To fiurher support the d¢v¢lopment of the Societys vast l£brgry and arehive, tiindiog was also obtained from th¢ National Archive to engage 8 profe8sionAI archiTri8t to wrÉt¢ 8 reporti provith8 a set of recon)methtii)n8 for the 13oard ()f 'rnt to G¢)tWsder. The following provide¥ detsi]8 of key areas of th¢ society durit)g 2025. Member8blp mellthe are al the Iart of our Society. and we havo be£rL imaking sigJifi¢ant ¢fft>rtq tr) devdop our con]Jllunity, using direct mark¢tit]g and,%wtal tnpdia ei)¥a8en)ent.
THL LIGFIT MUSIC SOCIETY PAGE 2 riNANCIAI, SI'AI'EMF.:NTS FOlI'f14B YEAR ENDf..D 3 1ST DECEMBLR 2025 TRUSI'LES IPOlIT .... ..ILONryINUED 2025 saw a slight decrease in iiiembership from 366 in January to 358 by Deccmbcr 2025. The main decrease wa3 individual Dicmber.% which saw a reductTQll of12. This WAS slightly offset with art increase in group membershtp by 5. Tl)is increase was due ¢0 Inusic groups joining* with more en5emble5 wanting to use our vast librdry of or¢he5tral and dance band Inu5ic, W¢ Continue to ¢ngag¢ witli people across th¢ world with members in Europ¢. North America and bcyoDd. We now have 2) overs¢as In¢mb¢rs. We ore constantly looking ai ways to increase memborship. Diirin#2025 wc ¢oDtinued io make direct contact with UK orchcstras and 8r¢ now actively working to creoi¢ ev9n with part]i¢r organisitionj includllis a ¢alk dnd 2 pl4y d8ys plonned for 2026. We have also be?n dire¢dy mork¢iing lo or¢hestras in Nutth Americ& Social media ¢ngagemenl is inere&siJi8, PArticiilarly on Febook with 2 posts i58ued most weeks. The sIety seon An increase in Facebook followers frtsm 761 to 839 ovcr ihe 12-JnoLTh period. SiDC¢ Starting to record social media slats in Noveinbcr 2023. our F8¢¢b(Trok followe17 hiv¢ incr¢ed fium 433 10 839. Likewisc, our ra8ular new4l¢rt¢r conliiiu to be an tmportant Communication ine¢hanism, and.8ubscribeT5 Currently sils llt 571. The chall¢n8e will a]ways be thou81i, to ¢onverl this good work into new members. Llbriry Oiie of the So¢idy'$ key assets 1$ its vast library and archive of light or¢hestral danc¢ band M[¢ now nunibering over 38,000 &¢ts of mwic and nccupyin8 3 rooms at the Victori&Hall in Bolton. The Ilbrftry conlinu¢s to be used by orche8trJ5 across the IIK and beyond and our export atjd mueh Illed volunteen ertsu iliai orders and infomi8tion requests ar¢ proc¢s5ed efficicntly. l.ibrary usa&¢ is $t¢&dy. but W¢ Are kcen to s¢¢ morc of this vast resource ¢d. We have Increas th¢ mtIng 8Ctivity to bettor rcflect wh41 wc hav¢, how il bc u5¢d and by whom with our social media end n¢wsl¢tt¢f8 providing id¢&s r¢eomm¢rtdAtion5 for r¢p¢rtoire, thcm¢s and coinpos¢r ¢holce. We hav¢ had several )C don10 requegts from 3rd partiw and our Librory/Acftdemlc sUb0uP conslder arcfully ihe b¢Defit of all such requ¢si8. These incliided the collections of Brian F&heY Neil Kicbardson and Ronnie Aldricl all well knowD ¢omposers and arraogers. Our d¢di¢ated and enthusi85tic team of volunt¢¢rs continu¢ ro att¢nd regularly ¢h week and have rnade huge 8tridcs to improve th¥ qulllily of infuJin&ion in uur calalugiie. Our volunl¢erN ar¢ working io raiionalise th¢ muJi¢, identifyii)8 duplicat¢s, incira5ing the 8mount of instNm¢ntArion iiifom)ation and helping croate new v¢rsions of our catalogu¢. ITh 2025 wc SUed 2 new versions of the ¢Ataloguc. A great achi¢v•m¢nt consldering wo ftro otsly at tbe library I day 8 we¢k. Acad¢inic use of our library is something w¢ are tylng to dtyv¢lop. The ¢halleJ)ge Is lo mak¢ Acad¢mia awar¢ of our library and what w¢ Iiave to offer. l.inks with the RNCM in Manclwter bava b¢¢n 8¢4rnd but have yet to creBte any lasting comections. Funding wa5 received from th¢ Nalional Archive for £3,000 10 ¢Th8ag¢ & profrssional archivim to report ON th¢ ststus of vur library and Archive and to provide rec02]unendation$ for developing opportunities for coniinual itnproven)ent and Ojnding opp01ti1l¢s. Th¢ report has been as5e5s¢d by the library subwup wid a set of a¢tion5 d¢v¢lop¢d to tske this to thc rkext Jta8¢. We havc Iwl sevei'al vi5itots to the libwy since movin8(o Bolton and these continue to be a valuabk way 10 raise the profile of the Society- FINANCIAL RBVIP.W The overall deficit of £2,241 {2024.. £4.0381 cotllprised a deficit on operatiDg actlviiies of £9.869 (2024.. £18,021), 1 a gain on investments of £7,628 (2024.. £13.983).
Tlll Ll(yiif MUSIC socillry PAG8 3 FIYANCblL SI'ATEMENTS FOR TEIE YEAR ENDED 31 ST DECEMBER 2025 TRUSTEES REPORT...................JcoKfiNUED Total i?come received from all sourc¢8 was £36.730 (2024.. £28,308). Restri¢ted income of £O,I I I was rettived in the fom of a gi'ani from the National Archive of £2,411 to fund the cost ora PTof¢53ional archiiqst to produce a report on the current %latus of ¢h¢ Society$ ar¢hiv¢ material, £3,000 from the Ida Cayroll Tnt to fund a maTk¢ting campaign social mcdio training and fijrther £700 from Ida Cattoll TDJ$I to fund the ¢051 of g profesxional Brchivist to &ssist witb the appliGalion for the forementioned fill)ditig from the National Archive. The Tiwstees Iwe cxtT¢mely grateful for the support from both fimdeTS. At the yC8T end all the b'ational Archive funding had been ¢xp¢nded £1,350 of tho Ida Carroll Trust grant was unspent but allocated to Soci n)edia troinin8 and markettng in 2026. Other 50ur¢es of incoine wcr¢ broadly ¢onsi5t¢nt with 2024 but with A small uplift in income from subscriplions and sales and Icnding of music, which was plcasing. Total expenditure was £46.59912024'. £46,329). £4,761 of this related to the re5tric*d 4LI referred ¢0 above. Unrestricted exp¢nditure fell w £41,838 (2024.. 46,329). 2025 w&$ the firsi yeAr in which no cxpcnditure wag inGurr¢d in connection with Magna Housc, our fomier home which v&cAt¢d in 2023. The reduction in exp¢ndilur¢ is largely rcloted to this and reflects the savings that have been mlde following the move. Details can be found on poge 9 of lh¢ fjccounts. 'rhAnks to inves¢m¢nt gains of £7.628 (2024.. £13.983) r¢serves w¢re only redu¢¢d by £2.241, ending the year at £204,003 <2024.. £206.244}. RESERVES Ai 31st December the Society held the followin8 reserve$ 8$ thown in Note 7: Il¢ytrieod fijnds - Ida Cjrrtsll Trust Unrestrlcied free resuves Designéied fund$'. Property fund 'rotsl reserves 1,350 47.010 155,643 204,1)03 RESTIUCTED RESF.RVES Durin8 the year r¢gtricted granLs wer¢ rettived from the Id4 CarToII Tnyt and Ihe N&tIOn Arcbivl u detailed above. A b81an¢¢ of £1,350 orth¢ Ida C8rroll IIw5l grant wag un5pEnl al the yellr ¢nd and alloeated to social meAia ts7iniug Rnd Marking in 2026. l¥REE IIESERVES Free reserves arc unre5trictod r¢scrv¢s Ihal ar¢ not dexlgnated for a Sp.1fiC purpose. TheTrustees have set a policy of Inaintaining 8 tninimum level of free reserves of £50,000. At 315t Denthr 2025 tho free rtscrves held were ma¢gitllY belowth¢ level $¢t by thc pollcy. DF.SIGNATBD RESERVES Designat¢d r¢s¢rve5 are UnTestri¢tcd r¢$erves that have been set asida for speclfic purpos¢5. ift lino with the Thtee5, s¢81¢ plan. rhe TnL4t¢¢s have to deslw the following fvnd%.' Property fwid to provide regular income from inve$tm¢nts to Fund ODgoin¥ rental Costs. RISK ASSFSSMENr Th¢ Trustees Iiav¢ ¢0rt5idered the major risks £ad by the charity and review ri5k5 regulRrly, sure systwns are in place to rnitig&k ibe5e. KEY MANAGLMENT AND PERSONNEL IIEMUNERATJON The charity considers the Board of Trustees to bB its key Mm¢MnI.
Tlll-. l.IlJl11- MIISIC. %OC'IF.-TY FIN4NC'I IIL %I"ATI.'MF.N"I"% Fl)X "I Ilk. I'P AR F."NDI."I) 31 %"[- l)I-.('F.MIIF.R 1025 1'RUSI'1.1.S RI-.I'OIIT . . CONIINufD STA'I-EII I'NI. {)[.' TIIUSI"I-:F.S' RESI)()N'%11411.1 I"ILS IAii' appliidblL lo ili4iriliL% itt fiig)l¢iDd aiid IVi11v riquire.4 ihL Tru4ieey to prepare ilsc financial sl0temLls for each riii.IniiAI r ii'hi¢h gii¢.I Irue aittl fair k'iew of IhL" incoininbJ rLOiiTLe% and applicalionN of the resouiccs ol. th¢ Cli4iriiN durillg ilie ¥iJr and ol. 115 iaii nf alyairs al Ihc end of IliL J'cdr. In preparing financial Slalcrnrnls givin8 a ITUL aiid tlIT .1¢. Ihc Trn%lLY$ %lioul(I l()Iltiw bes1 praiiice and prLpaTiiig ihL financtal slaiemLni% ihe"I"rnqiee.$ arc reqv2nxI I().' Scleci suiiablL aL¢ouiiling poliLy and then apply them ciin$i%ienily. (IbNeTr'L m¥ihL)d5 and principles of Ihe ChartiiLS SORP. Make judgemiTLts and e%iin)ateS Ihai are rea%oEL2bly p(1¢01. SiaiL' wIIL)Ih¢T 41pplicable JL¢ouniing 8iandurd% and siaiLmenis ofrL'¢ommended practice huve been folloThed. suhjwt io Sny depariur¢s disclosd ond cxplaincd in thc financial slaiunenis. PTLyare thc finan¢ial 5iaienwnLS on a xoin¥ conLem basi% unl¢ss it is inappfopriale to presume the chariEy il'ill coniinue in operatiori. liy) Thc Trusiccs are resp()nsiblL for ke¢ping aecouniing record4 whicli di8cl(i%e re&%onable accuracy ihe finanL ial posiiivn ofthe charitv and ivhi¢h enable them to ascenain the flnwl8J posiiion of th¢ chariiy and H,hiLh enable them io CTrSLtrC Ihai Ihc fJDancial 8taienienLs coniply 7th Ihe Charities Aci 2011. the Chariiy (Accoun1% and R¢p()n%l R¥gulations and (hc proi'i%iorL% nf the ¢on%iittition. They are also rcsponsible for safcguarding ihe as%LL% of chariiv and hence (or thkn'ng reasonable sieps for ihe prckeniion and detection of fraud and oth¢r Irre8ular(iies. APPROVAL Thjs report w approved by the TTU5ttts on L1 fi and signed on their behalf. 'I'KACEY JOHNSON. TRUSTEE
THE. LIG1 MbSIC SOCIErY PAGE S FTN'ANCIAL STATfMENfs FOR THE YEAR ENDED 31ST DECEMBER 2025 TNDEPENDFNT EXAMtNFsR'S REPORT TO THE TRUSTEES OF TEIE LIGHT MUSIC SOCLErY I report on the fiMnciAI sratern*ttl$ of Tlie l.isbt Music So¢i¢ty for the year ended 31 D¢cemb¢r 2025 which tre 8¢t out on page8 6 10 10. RESPONStBZLITIES AND BASIS OF REPORT As Charity'l'nlSt of ikne Soci¢ly you Ere responsible for the pr¢p8ration of the accouttts in a¢cordance with the T¢quiremcnL%' of tbe CharitiGs Aci 2011 Ct¥Le A¢e). I report in re5pEcI ofmy ex8nJinAtioD of the SociLty'$ Accounts crIed out uz)(kr 8.145 of the 2011 Act and in carrying out my eXamtiOn I bave followed all applicable directsOD8 givell by tho Charity Collullis3iott und¢r 8.145(5)ib) of the 2011 Act. tNDEPEKDThT EXAMINER'S STA1'EMENT I have compktrd my ¢X4D]inaurJn. l ¢onfinn no material thatte ve Con to my attention SD ¢onnectioo with lh¢ ¢x•miuatsott 8ivin8 llie use to believe thii in any material resp1,, aounting records wrre nDt kept ITr rPECt of the Soei•ty ao required by lection 130 of the Aci; or the accoun¢$ do ttot d¢¢ord witb thoye records; or thè accounts do not comply with ¢he applie8bl¢ nquiremen18 conc¢rnw ¢be fonn Ind c¢)ntrD¢ of sei oui in the Charitie• IA¢4ounts Jad R¢port8) Regullltions 2008 other than gtty requ1Ment that tbe aocounts give a true aad fair vi¢w wl¢h is uoi a watter consid¢d as part of an illd¢p¢ndellt CXAminEtion. I have no ¢ortcerns and have Con acros$ no matters in eornection with the ¢KamiJ)•tiOt) to irflich Attetttioti slwuld b¢ dr8wll iu i&is report io order ty enabl¢ a proper understanditig of the acwunts ¢0 b¢ IAN W SHIPLEY FCCA F()R AND ON BFIIALF OF.. pEtENllS & CO LLP CHARTERED ACCOUNfANrs & INDEPENDEKf EXAMINERS 115¢ Milton Road Caxnbrid8e CB4 IXB 2oEY) Fi 2oZE .
THE LIGHT MUSIC SOCIETY PAGE 6 FfNAY4CIAL STATEML ENTS FOR ThE YEAR ENDED 31ST DECEMBER2025 STATEF*ENT OF FINANCIAL ACTIVITIES ZW25 2025 21Y24 2024 2024 Voluntary incom¢ Subscripfions Dor110$ aDd legacies {iticIdIng Gift Aid) Grants [e1ved Charitsble activities Saies 8nd lending of music Playday Other income Miscellaneous income Invesrnent incom¢ 10.147 10.147 9,939 4.358 9.939 4.358 6.111 6.111 9.696 912 9.696 912 &6i2 1.332 8.632 lJ32 693 3,354 693 3354 6.032 6.032 TOTAL fNCOME 30.619 Iii 3&730 28J08 28J08 EXPENDTTLTRE: Cbaritable a¢ivities 41.838 4.761 46.599 46J29 46,329 TOTAL EXPENDITURE 41.838 4.761 46.5 46.329 46.329 NET INCOMEJ(EXPENDITi)IiE} BEFORE (11)SSEsyGAs ON nNVESTsUENTS NET GAINSI(U)SSES) ON tNVESTMENTS (11219) 7,628 1,350 (9.869) 7,628 (18.021) 13.9fJ (18.021) NET MOVEMENf IN FLYDS (3,591) 1,350 (2241) (4.038) (4.Oi8) RECONCILLATION OF FUNDS Total at 31st Dec¢mber 2024 206244 206.244 210.282 210282 Total funds at J 1st December2025 2.653 lJ50 204,003 206.244 206.244 The noies on pa8es S to 10 forni part of these fjnancial swemeDts.
TIIL I.l(Ill-I' NlUSlC' %i)('Ir.i'i' PAGE 7 FIN.4NC'lill. bl A 11-N41.'Nl'8 1.()R 'I'IIL YI-.AR ENI)F.D 31 ST t)LC'LMBI.'R 20?5 3 Isi Dccemb¢r 2025 31.4t l)ecember 2(>24 FIXI=.I) klSSEI'S 173,953 181.472 C'URKF.NI' AS%IT .binr amouiii% fallinb du¢ 'iihin i)ne veaT C&%li In bank and In hand TOTAL CURRI.'N'I' AS%F.TS 1.225 36,197 675 29,702 30,327 LI.41111.1-I IFS CrLdiiorN.' an)nunls falliny du¢ within one year 7.372 5.555 Nel CurrL'liI A4%eL '] OIAL NL.T ASSL-rs 30,050 24.772 206.244 'riir i.'UNI)s or Tiif s()ClETY RL%illcied inLome Unr¢.%ifiLIL.d iiiltsme fund 1.350 202.653 204.(KJ3 206.244 206.244 TUTAI. FUNDS The finanLial slalem¢nls Mere approved by lh¢ TnLq¢es o dnd %i¥rted on ¢lieir b¢halr. L9 fl IDJ i'RAcf.Y JOHNSON 'I'RUSTI..b. The iiote5 on pa¥cs I lo 10 fo pan i)f thesc finwKial 5taLem¢iits.
THE LIGHT MUSIC SOCIETY PAGE 8 FANA CIAL STATEMF.NTS FOR THE YEAR fNDf:D 31 ST DEC.FMBER 2025 NOTES TO THE FINANCIAL sTATEmErs ACCOIJNTtN'G POLICIES (a) BAStS OF PREPARATION OF FANCIAL STATEMENr8 I"he financial statcm¢uL8 have been prepared in accordan¢e with Accouu¢in8 aftd Reportin8 bYchItieS'. Staielnent ofRe£ommended Practi¢¢ applicable to chariiies prepaTitt8 their &CLounts in Iceordance wfftth the Fin8n¢ial Reponing Stond8rd applicablo in tb¢ UK and Republic of Irelond (FRS 102) Second edition {effective 1st January 2019)- Icbarities SORP (FRS 1021) and the Financial Reporting Standard applicable in the UK gnd Rcpubli¢ of Ireland (FRS 102) aud the Charities A¢t 2011. The charity Ills also taken Valltage of exemptions available for smatler entitie4 under Section IA of rRS 102 and the Charilies SORP IFRS 102) updated Biiuetin l Cffcrtive Jaouary 2019. bp8rtiaddr hav¢ taken advaDta8e of tbe exeD]ption to pr¢p8re a Statemejt of Ch Flom. Tbe finan¢iai stat¢Rnents have been prepared under the bistori¢ cost conven¢ioD with ite1 rOgni et ¢ost or transaction uttless otherwi5C Stated irt the releVt note$ to dThe fwnciaI stateroellts. The chAritys financial 8tatefftettt8 Jr¢ pr¢pared under the gou)g concern basis. Tbi8 is prOpriate and the ttustees aTe of the vicw tha¢ there are no t0[S that affect 8oin8 concern in thc following 12 moTrtlL8. (bl FUND ACCOUNTTNG The ch2fitym&intsins a generaL unrestrtc*d whith is expendable at the dÈs¢r¢tiott of the Ttee$ itt fiJrtheranc¢ of the objttts of rhe charity. (¢1 INCONIE AU iM¢oll]e is rewgnised in the Statement oEFinancial AdivitieJ whett the eonditioLg for rtteipt bave been met alld there is 83nable &x8urall¢e of teceipL Wh¢re a ¢iaim for repayment of itico]nc tsx b&¥ 01 will be made such in¢onw is gr0edp for the tsx rewverdbl¢. Tb¢ follov<lD8 poli¢ieo are applied to income. . NVESTMENT CoME tDvestment inwme is pccounta for when receivable. Th¢ tax recoverabk fflatiti8 lo AtivBsttnertt income is accounted for in th¢ satll¢ period &q the related income. - DONATIONS lttwmc is accounted for Twhoo reeeivable. knytsx ttcover&ble relaLiug tts th¢ donations is accoteA forwknn received. . MEMBERSHIP INL'OME MotDber3bip ig aL'eountcd for aod cov¢rB the periodof membership coxJMeiDg therefrom. (d) cFLErABLE EXPENDITURE Dire¢t ¢h8n'table ¢KFaiture io¢ludes eXdItie directly reiat&l to the obje¢ts of cbarity aad is a¢eouThted for vknen the Trtte8S have &¢cepted a legjl or morAI obligation tts meEt lh¢ oxpenth'¢uff. Support atO gov¢rn8nce co¥ts ar¢ ui¢luded within oharitable expeodittue. le) iiIVE,STMEKrs Fixed asset inve81ments Are included 14 the aoUntA at matknt 1c. Re81i8ed alld UnTlIs¢d 8aitL8 and losses on those illvesttnents ar¢ di8cluscd 6ep8rgtelyAa thB Stalettlt of FillanL'ial Act1.11.
THE I.IGHT ML'SIC SOCIETY PAGE 9 FINANCIAL sTATE's FOR THE YEAR ENDED 318T DECEMBER 2025 OTES TO THE. r[NNc. s.[ATENwrS CEL4RtTABLF. AcrtvrtlES DtREcf COSTS Library meinbeTrhip ad[n1Thtratioft Rcttt Other premises costs Pla>thy Maga¥inc &lld ncvtsletterproduciion hqarketitig Printing Postsge Professional fees Volutlieer travel exp¢nK8 2025 2024 16,353 7.500 537 50 10,410 L,650 1,000 1,403 3,502 370 15,714 11250 3,739 275 8,504 1.099 1,272 396 167 42.775 42,416 SUPPORT COSTS Computer ftnd telephone Siation¢ry Nliscellaneous Il5 313 630 I,756 2.814 iio 224 696 1,765 2.795 GOVEILNANCE COSTS tndepettdent F.%Ille$s Fee TOTAL cHArABLE COSTS I,oio 46599 1.118 46.329 TKIISTEE TRANsAcnoNS The following paynients Mrre made to the TtlJ5tees for the retmbutssmellt of expeEL8es paid onbehalf of the cbaTity. or for $ENiLes proiided bur rAol related to tbe office or work dojje in the mle OfTtre.. 2025 2024 HAshto £604 £288 . magazine at)d tra1 expooseg D Greenhalgb £126 £140 . volunte¢r cxp¢we4 travoL misc¢llan¢ow and stationery Any servi¢es tILe trustees and related parties re¢¢ive from the ¢harity are on tbe same basis otberm¢ntsers of the cIwity and membeTS of the public. tWESTMENrs 2025 2024 Market valu¢ at Ist Janyary Addiiion$ Disposals Re&tL8¢d {108se8ygaios Unreali8ed Gains 175,932 169,248 124950 ItKJ,554 (140,041} (107.853) (1,738) 1,781 9.366 12,202 168.469 175,932 Mark¥t Vd]ue 4¢ 318t Lkc¢mber Copital Accouttt TOTAL INVESTN(ENTS AT 31ST DECEMBER Historical eost at 31st December 5,484 173,953 146,415 5.540 181,472 156,723
THF, l.IGHT MLFSIC SOLIETY PAGC 10 FINANCIAL STAI'EMPNI'S FOR TEIE YEAR EED 31 ST DECEMBER 2025 NOI"ES I'O THE FINANCIAL STATEMENTS DEB TORS- DUE WITHIN ONE YEAR 2025 2024 PItP8>rynents Otlier dcbtors 625 600 625 1225 625 CREDITORS- DUE WITHIN ONE YEAR 2025 2024 AccTua]s and deferred incom¢ Other ¢Te4aitor5 6.331 1,041 5,555 5,555 STATEMENT OF FiJNDS- 2025 blfivd 1st January 2025 cIA¥d Gains on 3 Isi Deo¢mb¢r Incotne Exp¢nditure Investments 2025 Restrictsd . Eda Carroll Trust NAtiOllal Ar¢hiv¢ GCner unrestri¢r¢d Dcsigiiat¢d- Property limd lotal fid8 3,700 2,411 30.619 (2.350) {2,411) (41,838) 1,350 50,601 155,643 206,244 7.628 47.010 155,fi43 2D4,003 36.730 (46,599) 7.628 Ida C011 Thist- £3,000 to fund a mArketuJB ¢omp4ign #Jd social mcdia training Bnd a furtber £700 to fuDd the cost ula prof¢.g5ional OTLhivist to assist with the &pplication for fvnding froits the Nationul knhiv¢. National Archive - £2,411 to fijnd ihc cost of a PTofc33ional aTchivi5É kn produco a reporf on the current 8tatu$ of the So41¢ty8 Br¢hiYe material. . Prop¢rty fvDd- Fun&s invested ty provide income to fidS pmperty r¢nt41 costs, STATEMENT OF FUNDS- 2024 blfivd 1st Jwiuary 2024 fwd Gaimy on 31st December Bxpenditur¢ Inv&8tsnents 2024 Income GenerY41 unre8tricl D¢sign8ted- Property fimd Total fvnd8 54,639 155,643 210.282 28,308 (46,329) 13,983 50,601 155,643 206244 28,308 (46,329) l3,983 Ida Ca011 TNst- £3,000 to fid a n)arketillg ¢8mpaign and social mediA trainlng and & tknher £700 to fund thc co.st of & piofcssional archivist to 85SlSt with application for ndIng from th¢ National Archly National Archive- £2,411 to fund the cost of a profe5siona] wchivisl to produc¢ u t¢pDrt Oll the CUTrent ¥th¢US of tiie SocieWs **rchive mat¢riol. • Property fund- I,unds itkvested io provide In¢ lo fimds propety rental $ts. RELATED PARTY TRANSACTIONS No related paty transactions took plac¢ this year. 14ow¢v¢r. lastyear £50 way paid to C4mbrid8t Conctrl Orchestra for concert ¢xpellses. Jan Mentba who is one of th¢ The9 of the ¢b8rity is also Y4 In of Cambridge Con£¢rt Or¢he3ttN.