THE LIGifF MUSIC SOCIETY tNANCIAL S"I'ATEMEFll S FOR THF. YEAR F14DED 3 1ST DEcEMB￿R 2025 CoNTE￿s 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 Kno￿leY 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 FI￿T￿NcIAL 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 prepa￿d in accordance with the accounijng policies set out ijt note I to the accourÈts and cott)ply with the charIt￿S tsmst deed, the Charities Act 2011 and Accouniitig end ReporttD8 by by Clwi12es.' Statem¢ni of Recomwerlded Practice appli¢8ble ¢0 ¢hArsties preparing thelra￿0Unt5 in accordance in accordan￿ witb t￿￿ Fin&llcial Reportiug Sthnddrd #pptiGtible iu the UK and Kepublic of Ireland (FRS 102) 8eco1￿ ￿ltiOn {eff￿liVe 1st Jattuary 2019). STRUCTURE AND Govfm. NCE AND N(ANAGEMWNT OF TIiE CHAJirrY Tr clwity is a Charitttble 1ttc0rpora￿d Organisation governed by its Consti￿￿0]L Truste￿ 4re usually el•xted at the AGM although may be appointed al oth¢r tim¢s &s required. Ibe Tn￿tee8 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 Ob￿g￿lOn8. OBJECTtVES AND ACTtvrrtES The cljarity was set w) to promote. develop and ￿aIt￿alti 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 tsu￿1¢. . 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 Co￿l￿u&llY iojprove the So¢ietys Vdst lib and Brthive and to proll￿t¢ the 0ry2tiisation to a Tmder audience. A PK calllpaigttwas undertaknn ¢kning the year leail by a profwIo￿￿I 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 T￿JSt￿ 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 'rn￿t￿ to G¢)tWsder. The following provide¥ detsi]8 of key areas of th¢ society durit)g 2025. Member8blp mellthe￿ are al the I￿art 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 I￿POlIT .... ..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 F￿ebook with 2 posts i58ued most weeks. The s￿Iety 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 $t¢&dy. but W¢ Are kcen to s¢¢ morc of this vast resource ￿¢d. We have Increas￿ th¢ m￿￿tIng 8Ctivity to bettor rcflect wh41 wc hav¢, how il bc u5¢d and by whom with our social media end n¢wsl¢tt¢f8 providing id¢&s r¢eomm¢rtdAtion5 for r¢p¢rtoire, thcm¢s and coinpos¢r ¢holce. We hav¢ had several ￿)￿￿C don￿10￿ requegts from 3rd partiw and our Librory/Acftdemlc sUb￿0uP conslder arcfully ihe b¢Defit of all such requ¢si8. These incliided the collections of Brian F&heY￿ Neil Kicbardson and Ronnie Aldricl all well knowD ¢omposers and arraogers. Our d¢di¢ated and enthusi85tic team of volunt¢¢rs continu¢ ro att¢nd regularly ¢￿h week and have rnade huge 8tridcs to improve th¥ qulllily of infuJin&ion in uur calalugiie. Our volunl¢erN ar¢ working io raiionalise th¢ muJi¢, identifyii)8 duplicat¢s, incira5ing the 8mount of instNm¢ntArion iiifom)ation and helping croate new v¢rsions of our catalogu¢. ITh 2025 wc ￿SUed 2 new versions of the ¢Ataloguc. A great achi¢v•m¢nt consldering wo ftro otsly at tbe library I day 8 we¢k. Acad¢inic use of our library is something w¢ are tylng to dtyv¢lop. The ¢halleJ)ge Is lo mak¢ Acad¢mia awar¢ of our library and what w¢ Iiave to offer. l.inks with the RNCM in Manclwter bava b¢¢n 8¢4rnd but have yet to creBte any lasting comections. Funding wa5 received from th¢ Nalional Archive for £3,000 10 ¢Th8ag¢ & profrssional archivim to report ON th¢ ststus of vur library and Archive and to provide rec02]unendation$ for developing opportunities for coniinual itnproven)ent and Ojnding opp01t￿i1l¢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 Tn￿t to fund a maTk¢ting campaign social mcdio training and fijrther £700 from Ida Cattoll TDJ$I to fund the ¢051 of g profesxional Brchivist to &ssist witb the appliGalion for the forementioned fill)ditig from the National Archive. The Tiwstees Iwe cxtT¢mely grateful for the support from both fimdeTS. At the yC8T end all the b'ational Archive funding had been ¢xp¢nded £1,350 of tho Ida Carroll Trust grant was unspent but allocated to Soci￿ n)edia troinin8 and markettng in 2026. Other 50ur¢es of incoine wcr¢ broadly ¢onsi5t¢nt with 2024 but with A small uplift in income from subscriplions and sales and Icnding of music, which was plcasing. Total expenditure was £46.59912024'. £46,329). £4,761 of this related to the re5tric*d ￿4￿LI referred ¢0 above. Unrestricted exp¢nditure fell w £41,838 (2024.. 46,329). 2025 w&$ 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 Mark￿ing 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 D￿enthr 2025 tho free rtscrves held were ma¢git￿llY 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 Th￿tee5, s￿¢81¢ plan. rhe TnL4t¢¢s have to deslw the following fvnd%.' Property fwid to provide regular income from inve$tm¢nts to Fund ODgoin¥ rental Costs. RISK ASSFSSMENr Th¢ Trustees Iiav¢ ¢0rt5idered the major risks £a￿d by the charity and review ri5k5 regulRrly, sure systwns are in place to rnitig&k ibe5e. KEY MANAGLMENT AND PERSONNEL IIEMUNERATJON The charity considers the Board of Trustees to bB its key Mm￿¢M￿nI. Tlll-. l.IlJl11- MIISIC. %OC'IF.-TY FIN4NC'I IIL %I"ATI.'MF.N"I"% Fl)X "I Ilk. I'P AR F."NDI."I) 31 %"[- l)I-.('F.MIIF.R 1025 1'RUSI'1.1.S RI-.I'OIIT . . CONIINufD STA'I-EII I'NI. {)[.' TIIUSI"I-:F.S' RESI)()N'%11411.1 I"ILS IAii' appliidblL lo ili4iriliL% itt fiig)l¢iDd aiid IVi11v* riquire.4 ihL Tru4ieey to prepare ilsc financial sl0temL￿ls for each riii.IniiAI r ii'hi¢h gii¢.I Irue aittl fair k'iew of IhL" incoininbJ rL*OiiTLe% and applicalionN of the resouiccs ol. th¢ Cli4iriiN durillg ilie ¥iJr and ol. 115 *iaii nf alyairs al Ihc end of IliL J'cdr. In preparing financial Slalcrnrnls givin8 a ITUL aiid t￿lIT ￿.1¢￿. Ihc Trn%lLY$ %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$i%ienily. (IbNeTr'L m¥ihL)d5 and principles of Ihe ChartiiLS SORP. Make judgemiTLts and e%iin)ateS Ihai are rea%oEL2bly p￿(1¢01. SiaiL' wIIL)Ih¢T 41pplicable JL¢ouniing 8iandurd% and siaiLmenis ofrL'¢ommended practice huve been folloThed. suhjwt io Sny depariur¢s disclosd ond cxplaincd in thc financial slaiunenis. PTLyare thc finan¢ial 5iaienwnLS on a xoin¥ conLem basi% unl¢ss it is inappfopriale to presume the chariEy il'ill coniinue in operatiori. liy) Thc Trusiccs are resp()nsiblL for ke¢ping aecouniing record4 whicli di8cl(i%e re&%onable accuracy ihe finanL ial posiiivn ofthe charitv and ivhi¢h enable them to ascenain the flnw￿l8J posiiion of th¢ chariiy and H,hiLh enable them io CTrSLtrC Ihai Ihc fJDancial 8taienienLs coniply ￿7th Ihe Charities Aci 2011. the Chariiy (Accoun1% and R¢p()n%l R¥gulations and (hc proi'i%iorL% nf the ¢on%iittition. They are also rcsponsible for safcguarding ihe as%LL% of chariiv and hence (or thkn'ng reasonable sieps for ihe prckeniion and detection of fraud and oth¢r Irre8ular(iies. APPROVAL Thjs report w approved by the TTU5ttts on L1 fi* and signed on their behalf. 'I'KACEY JOHNSON. TRUSTEE THE. LIG1￿ MbSIC SOCIErY PAGE S FTN'ANCIAL STATfMENfs FOR THE YEAR ENDED 31ST DECEMBER 2025 TNDEPENDFNT EXAMtNFsR'S REPORT TO THE TRUSTEES OF TEIE LIGHT MUSIC SOCLErY I report on the fiMnciAI sratern*ttl$ 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 c￿rIed out uz)(kr 8.145 of the 2011 Act and in carrying out my eXam￿tiOn 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 resp￿1,, a￿ounting records wrre nDt kept ITr r￿PECt 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 requ1￿Ment that tbe aocounts give a true aad fair vi¢w w￿l¢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 Dor￿110￿$ aDd legacies {iticI￿dIng 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)SSEsyGA￿s 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 F￿ANA CIAL STATEMF.NTS FOR THE YEAR fNDf:D 31 ST DEC.FMBER 2025 NOTES TO THE FINANCIAL sTATEmE￿rs ACCOIJNTtN'G POLICIES (a) BAStS OF PREPARATION OF F￿ANCIAL STATEMENr8 I"he financial statcm¢uL8 have been prepared in accordan¢e with Accouu¢in8 aftd Reportin8 bYch￿ItieS'. 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 C￿h Flom. Tbe finan¢iai stat¢Rnents have been prepared under the bistori¢￿ cost conven¢ioD with ite1￿ r￿Ogni￿ et ¢ost or transaction uttless otherwi5C Stated irt the releV￿t 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 T￿￿tee$ 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 ￿83￿nable &x8urall¢e of teceipL Wh¢re a ¢iaim for repayment of itico]nc tsx b&¥ 01 will be made such in¢onw is gr0￿ed￿p for the tsx rewverdbl¢. Tb¢ follovthy 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 cHA￿rABLE 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 $ENiLes proiided bur rAol related to tbe office or work dojje in the mle OfT￿￿tre.. 2025 2024 HAshto £604 £288 . magazine at)d tra￿1 expooseg D Greenhalgb £126 £140 . volunte¢r cxp¢we4 travoL misc¢llan¢ow and stationery Any servi¢es tILe trustees and related parties re¢¢ive from the ¢harity are on tbe same basis otberm¢ntsers of the cIwity and membeTS of the public. tWESTMENrs 2025 2024 Market valu¢ at Ist Janyary Addiiion$ 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 E￿￿ED 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 fi￿d8 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 C￿011 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 fi￿dS 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 Ca￿011 TNst- £3,000 to fi￿d 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¢ Th￿e9 of the ¢b8rity is also Y4 In of Cambridge Con£¢rt Or¢he3ttN.