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2022-12-31-accounts

Charity Commission No. 1179394

LIGHTING EDUCATION TRUST

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

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LIGHTING EDUCATION TRUST

CONTENTS

Reference and administration information Page 2 Trustees' report Page 3 Statement of financial activities Page 6

REFERENCE AND ADMINISTRATION INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2022

Trustees:

Hugh J Ogus MBE Michael D Simpson Robert G Venning John W Aston (representing: the Chartered Institution of Building Services Engineers, CIBSE) Jeffrey Shaw lain Macrae

Registered Office:

c/o Chartered Institution of Building Services Engineers Delta House 222 Balham High Road London SW12 9BS

Charity Number:

1179394

Independent Examiner:

Harris & Trotter llp 64 New Cavendish Street London W1G 8TB

Principal Bankers:

National Westminster Bank Croydon & South London Commercial Business Centre 3rd Floor link House 4 Addiscombe Road Croydon CR0 5TT

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LIGHTING EDUCATION TRUST TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2022

The Trustees present the annual report of the Lighting Education Trust (the "Trust") for the period 1 January 2022 to 31 December 2022.

STRUCTURE, GOVERNANCE, AND MANAGEMENT

The Lighting Education Trust is a Charitable Incorporated Organisation (CIO), registered with the Charity Commission in England and Wales on 31 July 2018 with the registration number 1179394. It is governed by a Constitution. The CIO began operating on 1 January 2019 as the successor to the previous Lighting Education Trust Unincorporated Charity, registration number 1051939, that was subsequently closed and added to the Register of Mergers to be linked with the CIO.

The Trustees of the CIO since its inception are:

Hugh J Ogus MBE (Chairman) Re-appointed 13 April 2022 Michael D Simpson Eligible for re-appointment at Trustees’ meeting Spring 2023 Robert G Venning Re-appointed 13 April 2022

John W Aston Re-appointed 13 April 2022 (Mr Aston represents the Chartered Institution of Building Services Engineers, CIBSE)

New Trustees:

Iain Macrae Appointed 17 November 2021 Jeffrey Shaw Appointed 17 November 2021

The Trust is administered by a Management Board appointed by the Trustees. The Management Team consists of senior figures within the lighting profession and is chaired by Robert Venning who reports to the Trustees. During the year, the nominated members of the Management Board were:

Robert Venning (Chairman)

Jeff Shaw (responsible for technical aspect of LET Diploma Course)

Ian Stanton (Responsible for Public Relations) Pom Daniells (Administrator) New member: Richard Caple

OBJECTS AND ACTIVITIES

The object of the CIO is, for the public benefit, advancing education by funding, developing, administering, supporting or providing further and higher educational courses in lighting, lighting design and engineering, or related subjects. The CIO has power to do anything which is calculated to further its objects or is conducive or incidental to doing so.

PUBLIC BENEFIT

We have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing our aims and in planning our future activities.

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ACHIEVEMENTS, PERFORMANCE, AND FINANCIAL REVIEW

The Coronavirus (COVID-19) outbreak had no existential impact on the Trust in so far as LET has no employees so was not affected by the precautions in force for personnel. The Trust has no premises and no fixed overheads. The Trustees are satisfied that the reserve funds are sufficient to ensure no immediate or significant threat to continued operation.

The income of the Trust is variable from year to year. Income generated by the Diploma, which is delivered wholly online, is dependent on the number of students; Diploma expenditure is directly related and adjusted accordingly, without materially affecting the student experience

The anticipated resumption of a full Diploma course in 2022 was not found possible, activity being confined to reviewing and updating parts of the syllabus and supporting the relatively small number of students enrolled during 2021. Other activities that incur cost continue to be suspended.

Recruitment is underway for the Diploma course to restart in September 2023.

Grants to educational establishments remain paused until those establishments resume their own working. They are contingent on receipt of donations from sponsors and no grant is made ahead of the corresponding funds being in hand. Sponsorship funding has not been solicited during the year.

Going forward, there will be no change in LET support for college and university courses although that support, will for the time being, be non-financial. LET will continue to deliver and develop the internationally recognised distance learning course, the LET Diploma in Lighting Design, an area of lighting education that is not catered for elsewhere.

ACTIVITIES DURING THE PERIOD

During the year under review, the Charity made no grants.

No new students were enrolled to the Diploma course in 2022; 9 students admitted in 2021 continued their studies.

Jeff Shaw (a leading lighting designer) chairs the sub-committee responsible for operating the Diploma course, other members being Allan Tulla (a technical lighting consultant), John Waite (a retired lighting consultant), Bob Venning and Pom Daniells (Administrator). The committee met virtually during the year.

FUTURE PLANS

Despite the aftermath of the pandemic continuing to curtail a number of plans, the Trustees remain committed to providing the unique and highly regarded lighting design qualification, the LET Diploma in Lighting Design, and are promoting the course to a wider and international audience.

LET will continue to support and develop Lighting Education to maintain the reputation of the UK as a centre of excellence. The scope of further developments will be determined by the ability of our sponsors to resume their generosity in the future when there is a degree of normality in the market place.

The death of Liz Peck who was the assistant administrator (Technical) has left a hole in student support, which is being addressed and the post should be filled by the end of May 2023

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RISK MANAGEMENT

The Trustees have examined the major operational and business risks that they face and consider that they have established systems to manage the significant risks. The Trustees operate a comprehensive and active review of the major risks that might affect the Charity ensuring that these are minimised.

RESERVES POLICY

It is the policy of the Charity to maintain unrestricted funds, which are the free reserves of the Charity, at a level sufficient to meet its debts as they fall due. As at 31 December 2022 free reserves stood at £32,567. This reflects the constraints on activities during the past three years.

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

The Trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Trust and of the incoming resources and application of resources of the Trust for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity’s transactions and disclose with reasonable accuracy at any time the financial position of the Fund and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Report Regulations 2008 and the provisions of the charity’s trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

For and on behalf of the Trustees

Hugh J Ogus MBE

Trustee Date: _13 June____ 2023

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Given that the total movement of funds during the year amounted only to £4,070 of administrative Expenses, and no income was received, the Independent Examiner advised that a formal inspection and set of accounts is neither warranted or required. In the circumstances, the following figures are presented from the Management Accounts.

Lighting Education Trust

Statement of Income and Expenditure

For the Year ended 31 December 2022

Income:
Donations
LET Diploma
Investment Income
Total Income:
Expenditure:
Administrative Expenses
Grants Made
NatWest Bank Charges
Consultancy Fees
Independent Examiners
Fees
Meetings Costs
Total Expenditure:
Net Surplus/(Loss):		 DIP
SPO
£
£
-
-
-
-
-
-
-
-
179
- -
250 -
3,141 -
500 -
-
4,070 -		 2022
£
-
179
-
250
3,141
500
-
4,070
(4,070)		 2021
£
19,250
-
19,250
1,085
-
308
8,500
700
-
10,593
8,657		 Variance
Var
£
%
-
0.0
19,250
-100.0
-
0.0
19,250
-100.0
906
83.5
-
0.0
58
18.8
5,359
63.0
200
28.6
-
0.0
6,523
61.6
(25,773)
297.7
(4,070)

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Lighting Education Trust

Statement of Financial Position

As at 31 December 2022

Assets:
Current Assets:
Cash in Bank
Debtors
Total Assets:
Liabilities & General Fund:
Current Liabilities:
Creditors
Total Liabilities:
Net Assets:
General Fund:
Balance Brought Forward
This year's Surplus/(Loss)
General Fund - Diploma Fund C/F:
Total Fund Balance:
General Fund Balance:		 2022 £
33,167
600
32,567
32,567
32,567		 2021
£
£
33,167
-
600
36,637
(4,070)		 £
38,237
38,237
1,600
1,600
36,637
27,980
8,657
32,567 36,637
36,637
36,637

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