Cofflpany re8iStrdtion number.. 11651624 Clwity registration ntsmb6r'. 1181835 Luminary Limited (A eotDpany limiwi by guarantee) Annual Report and Financial Sraiemen for th¢ YeaT Ended 31 October2025 Comm)Jnity Accounti]]g Units 1 & 2 North West 41 T8lbot StTeet .Yottillgham ¥GI 5GL 'AF703GSH' 2410712026 COMPANIES HJSE 111 A21
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Luminry Limited Contents Reference and Admiu1st1ve Dethils Truses' Re)rt 2tolO Independeni Examine¢s Report Sta¢¢nxni of Financtal A¢tiTritits 12 to 13 Bala[¢ Shttt 14to15 settI of Casb Flows 16 Noies to tbe Financial StatemeDts 17to29
Luminary Limited Reference and Administratlve Details Trustees Diarte Feemy Cliona Forde Jacqueline Milton Rapbaela ThynThe TaDdekile PaaT]i Katherine Upton Maria Thakrar Caryl L¢)ogley Jiamin Wu Rosy Philbps . WalimuDi Wijes Diane Feeney Seertlary Senior Management Te A wilso CEO. ftom Jaouary 2025 R Oglesby. CEO, uniil January 2025 Chgrity R¢gistrAtion Number 1181835 Comptty Registrtion Nnmbtr 11651624 Reglstered Offlte 47 Chalk Farni Road NWI 8LI IndependeDt Examiner Eva steve5, eEnploye£ of Conununity Ac¢ountin¥ Ph ults l & 2 North Wev 41 Taitoi Stre Nottin£harn NGI 5GL B3nken Naiwest Stoke NewingroD (A? 198 Stoke NewingtoD HiÈh N167GA Paee I
Luminary Lijnited Trustees. Report Th¢ trnstees, who are directors for the Purposes of company law. pr¢s¢nt the annual report together with the financial ststemettts of the charitable company (OT the year ¢nded 31 (ktober 2025. Trustees aod o(fAcers The tryst¢¢5 and offic¢rs suving during th¢ yw aDd si¢ tbe yeaT end wu¢ as follows.. Trustees.. Cliona Forde Jac9[]¢ MRlion Rapbaela Thynnc TaDdekile Pilani Katherine Upton Anna Sheppard (rtsigned 17 Seprember 2025) Rachel Millar (re$igned 10 Jurte 2025) Maria Ththar (aPPOiDd 2 DeceJJLber 2025) Cwl LoBItY (appoiDted 2 De£ember 2025) Jiarnin Wu (appointcd 2 Dexetsjber 2025) Rosy Phr"Ilips {appoind 2 DMnber 2025) Walimuni Wijesinghe (appoinied 2 t)ecember 2025) Secretary: Stru¢tsr¢ gov¢rDxn¢¢ maDag¢ment NAmre ofgoverning d•cMmefti The charity is a comp8Dy bmited by guarantee and registered cbarity. li is opernted UDder the rnles of its memorandurll and articles of association dated 31 October 2018 and n)st reuitly amended 24 October 2025 . It has no share upital and th¢ liability ofwh Memb in ¢v¢nt of wirmling-up 18 limited ¢0 £1. Luminary Limiied {"Luminary Wornen-) was started in 2014 and initially in¢ubat¢d uth Kahaila Ltd, becoTning an independent entity. Luminary Lirni*4 on 31 May 2019. This is the sevenih independent rq)ort of accounts. Luminary Limited has a 2rd of trnstee4 and at year erxl the board consisted of stx trustees. During the reporting perio< one trustee rtsird and one trustee came io lh¢ of their tem). Our bo&Fd now consists or eleven Injstees, with five new mLsiee5 recruiied io the board. Tntee vacancies are advertised externally and applicants are 5hortlisted and interviewe4J by a panel of trustres. OTganisation leadehIp and a member of our Advisory Panel. Tnjstee appointrbMts e confLrn?ed at a board rneding of trustees. Tbe Trustee Board meets a minimum of four times a year. Agendas aDd inuteS are cixculated for th"scussio and when appropriate votes are takeD. Decisions caD be tskEn betweell meetings by ernaRI where appropriate. provided the 8roup Js quorate. Page 2
Luminary Limited Trustee5' Report Jtrdurtion tsnd tralning New tnTr5te are pmvided with an indvctiott covetiDg.' att overViV of the organi5atioD arml our Hvrk, safeguarding. trustees. governance respoDsibdilies. Trusfees are also required to arteDd safeguard8 uainin8. Trusiees are encouraged to make use of tsaining availabl¢ kn Luminary as an NCVO awmb¢r and a smau allocation of fuDds exist to support trusiecs ID apwprtstr development OT tr8itiing. Trnstres aTE COUraged to share their skills atsd to part1pate in ty2ining one a]M)ther for the trnefit of governance of the cbarity. Trustees are required to read alld abide by organisational policie4 alld th declare confiicts of illtertst on recrnitment aud at eaeb board meeting. The ITUStee board is wpon5ible for sethng and guiding the overall straiegic direction ol the orgÈnisation. including approvirts the strategy and annual budgei, recruiitog senior le4det5hip (CEO} and ensurjng ¢OTnpliance with our legal atid governanee requirements. Responsibility for operntional management decisions is delegatcd to the CEO, with a¢coulltsbility through quarterly board reports and meetings including: fillattc£ and SJndraising. safeguardin& programmes. stsffwg- Pay and relnuneration of key leadetship aDd mamagement personnel is reviewed eacb autumn by a staffll]g sub group of ihe Tnl¢es. tskiog into awount ao anoual benchmarkiDg exercise conducted to benchmark Luminary Limited a8aiost equivalent charitie5 of stmi]ar 5izc. The thision is subse4uendy approved by the Trustee Boaid. Obj¢ctives and activities Objects The objects for which th¢ charity w•s t51¥blish¢d aTe'. 'The Telief of womaj who are in rrted by re&8on of their social or ttortomic disadvantrge including homele55ness' or who have experiettced or are at Tisk of experiencing domestic OT other Forn of viol¢nee, by the PTovision of education, training and support incbJdinE dEvElopin8 thEir t8bilitIes. competencies and skil]s to be carried out in accordance with christia values aud pnn¢iples." To acht.eve this pwpose, Luminary Wolln provldes a two-year employability alld imkpendence programme. We work with some of the mom disadvantsged wom¢n TOsS london.. won have experienced geuder-based violeoce aod livc with 'multiple disadvan¢age'. Thi"5 tcrnj describes the intrTCOTJnected social and ecot]omic chaileJJ8es faced by women on the Lumioary PrOgran¢. where issu¢5 such as traurn4 pov¢rLy. homele&%nes4 p(M)r meutsl health and social isolarioo reiDfoTce one another, ereating acyck tsf de1vatiOn. Luminary Wornen ivorks aioD85ide these women th build ¢oDfideoLe. develop skills aod ¢T¢at¢ pathways into employmeni. By supporting wotrnen to acbieve financial independence. strengthen self<strem and build supportive social networks, we help them break thc cycle of th"sadvanlage attd create lasiiog. positive chat)qe in their lives. "Here oi Liimixtwv. Jfeel seen. hcord.for who l am. noiJor wh4t Ik been I10811. I'it &lill hetslin¥, und ihere dre. like, days when I'm reall loiv. bui now l]èel J hove some(hÈng whtch i knve before. whiih Iwpc. beliefandpeople b&side rne, conirnwitty bcside mc I con fju. beJ<ire Luminury. I surviving. yeuh. nuw I'm becoming. ' Luminary GTaduate (extract ftom LuTniTWy'S Impxt Rewt 2025)
Luminary Limited Trnstees, Report Objectives 5tréiteKies thndddivio To en8ure our PrOtt reaches tbe rnost maTgJnal in IA)DdoD, women referred to us from over 100 ieferral partoers: th¢ we chaTiiies. OTgani5ations and local authoritie5 that provi(k lS19 services. l)uring this TeportiDg period the top ten refetters were". Solace WonM)'s Aid Advance Charity Pau5¢ Women at the Well Si Mwigo's Turnin8 Point Ella's The Running Cbarity Refuge Beyond the Streets They Tefer wolneu to Luminary WouKn who bave received crisis supwrt and have the potential to start building their independence and find emplojincnt. Following a Selection pro¢ess. which includes an interview io 9$$¢$$ eligibility and detemiine wheiher the progrdmrne is the right fit at this stage in her life. she eTnbarks o Lwninary Wornen's four phw tTaurna inforTned PTograTnme: PHASE ONE: (6 rnonths)- Focuses on learning to bake and gaining transfewable life Skills, iluding ieamwork and lime manag¢Jn¢Dt. Women 3tteod %veekly sess&oDS during school hou. We genlly start prepatin YTrmeA for work expttrienig arwj they gairt a Ltvd 2 Food Safery & Hygiene for Catering qualifjcation. PHASE TWO: {6 mootbs) - Wonyn attend weekly interactive seminar& in addition 10 seein8 their Progression Support Worker, with the focus shifting io employabilLry skills. Topics in¢lude.' exploring caTeeT &SPir4tion$. identifying and overcoming barriers to work and building healthy relationships at work. PartneT orBanisaÉions deliver session5 for exan)ple.-Manag]ng Money" fatilifdted by CAP UK and"InteTview Skills", facilitated by Smart Works. Women will be offer&1 work experience opportUDitse5. PHASE THREE AfqD FOUR: MENfoRINC AND HOLISTIC SUPPORT {12 months) After graduating from our Stythred programme (with a adUation ceremony at the iconTrc Roundhouse iti Camden). we 5UPPOrt wotncD to CODtinue thearProgffssJon Supp)rt W0er. tAke part io ivork expeDen¢e and allend ¢ouDselling. if re(PLired. PFLASE THREE: We nDtch grnduaies with a vohmteer mentor for Six Structured Se551(5. Mentors are professional Wome coming frorn different fields of worL equipped by Lwlliuary to Challege and eDcourage graduates as they rake further Steps to devtlop their earttr goals and skills for fvbjre work This could include worknng on her CV. identifyin8 al applying for job4 or pradical support such as 8ailliD8 Confidence in using public transport. PHASE FOUR: GraduatGs take part ID woEk experience a1 apply foi])aid apprentiSlps OT employment. either with the IAJminary Bakery or with olour workplace partsicrs- providing women with further optrf)rtUDities to put into practice what they bave learnt io a tomwla1 eDvifoDmeDL However. our proAne goe5 faT twond job sknlls. We offtt 8ccess ¢0 two hi8hly-tr4ined couSellOTs. provsding up to 16 week5 of iheTOPy. aud throughoot the tWOYear programnK ¢ach woman works Closely with her dedicated LuTninary Women Progression Supwjrt Worker. who supports her moving towards employmen4 as well as providknE practical assistaKe around ho$Ing, money, relationships and health (all Entrinsically linked to ernployment Outcom}. Progression Support Workers assist women to grow in managing siruaiions ind¢p¢ndenily. and identify where they need spttialist syptorL "Lurnin&rydidn ljust leach me IMJW to ith. li iawghi me how beltevelcouldbw.ld o life iknifeeL¥ good, grounded, ¢Jndfull ofpurpose." LutniDary Womcn. Gr&thte {cxtsXt from LAmiinary"s impa¢r Repc*t 2025) Page 4
Luminary Limited Trustees, Report In financial". year 22¥215 tyjr kty activities and ouiputs included: . 56 woll)en eDrolled onto Pbase l oEthe prograD]n3¢. againsi a targd of 56. . 44 women Con]eted Phase l. 8 ¢oropletion rate of 7/•. target of 81Y/•. 41 women obtsithed a Ikvel 2 Food Safety al Hygiene for Cateriug qualificatLLm. 42 women starteAI Phase 2 of the plogrnb. and 30 COTnpleted IL a con4)le¢ion'rate of 71Y• 88ainst a target of 8/ts. 166 Èrdining days Btre delwvered. IOOO/o of Luminary graduales were matrhoj with a volunteer mentor. 74Yfy of women mel their mentor five times or more, againsi a tsr8et of 8/th. • 104 mentoring meetings were held with our volunieer mentOTS. 3,744 Iwurs of I to I support deltvettd by ow Pession Support Workers. • 20 women worked ivith our in- ho therdpis 14 wellbein¥ wotks'hops and communkty events wue de]iveteAI. Our valued voluttte¢rs Luminary W02llEn recoguises vitsl Contrib[10 volu[tte5 make to delivuin8 our pg[allDe. In panicular, our volunteer n2ettiots play a key role in supporting grdateS as they sei and work towards, personal goals related to erllploymeni. "There was o lot going ort in rny life oi the tima Havufftg (>me#w. Èhar helped.be¢4we wlf¢re I comefro#È-for me to back into the system - I needed a lot ojhelp. There were thSs I wanted to learn. We made uploii and J smck io il. I nvverfeli like J wasting my lime - J enjo)ed our ¢onWSaiio. She lfrIe1¥d1Y and ihal kelped me. li wLf allri of my developmertt. J didrt'i come he jtLft bdke. l ettme get o job and J did." Luminary Womeo. GTaduaie (rxtrart from kninary's bDpact Report 2025) Our Advisory P4mel, made up of LurninÉLry Women trainees. Bnduaies and alwnni. ollin valuable insight and gui.dance to our leadership ieam and Board of TTustres, ensuring thar the voices of LwDinary women Temain central to our planning and developm¢tht. 'Tkat i why I on the (VIEoryp(el. J other )fflen tsjly tso. Luminory helped me see the lighi ai ihe erd of ijie Iwinel. ond J io bt of helping othenf¢Md theirs." Advisory Pancl member (extract from Luminary'5 Impact Rep)rt 2025) ch Board of Trnstees is an all-ftrnale board of eleven women who bring a we<h of experience acr09s a range of areas including legal. HR. fvndrnising finance and safeguarding. In lotal, 38 volunt¢¢rs g¢nerously ¢ontributed their time gnd expertiK rnakg a mea010gfi impact on our work and the wtsmen we support Pttblic benef In setting our objectives and planning our activities ihe trUe¢S hav¢ giv¢n carefvl consideration io the Charitv ComTnission's publi¢ b&)efiL guthnce. The Iwsw CO81der how planned activttse5 will contribute to Ihe aims ano ObltiveS they have seL The trns*es confirn) that thev have complied the requir¢rnents of se¢ii¢)n 17 of the Ch8Titie5 Act 2011 to have due tegard to the wbli¢ bellefit guidantt published by the Clharity Commi&sion for Englalld and Wdts. Paee
Lurninary Limited Trnstees, Report Acbkvemeots •Dd p¢rformo¢e Our Impaet Our aim foT each womatl is that she Tcacbes "Independence" _ etDp)wetiDg ber to break the cycle of viol¢n¢e and disadvaotag¢ ID her Sift. W¢ Measu indepeDdenc¢ using fiv¢ categories.. work. hotLFing, money. relotionshw (d healih - all inirinsirally linked to employment oummes, and we have identified outcome indicators under eaeh categtsry. Together th¢ woman and her Pn)gTession Suppjrt WorkeT track ilependenCe outcknmes every six months usirtg Red. Amber. Green (RAG) lTrg. The independence OuOrneS are measured again a threshold of 700/0 in ¢a4b Lategory whith we define as Thcxhing independen¢¢-. In 2024-2025.. • 80Y• of womeD re&ched the independutt thttthold by the end of the (wfyyear progtarnme. #ItiSt a target or 8/0. In additton, of the Wome WIK) completed the [WYear prOThe in this year. 76/• were in Employment, Edu¢atioD. VoluDteering orTraining by the end of the prngraTDme. a8aiLst a target of 7/•. Continuous improverneoi is a ¢or¢ PriDciple at LumiDary WornED. Our kcy StrdtegiG wioritie5 for this fErkatIal y¢aT included.. Expanding work experlellc¢ opportUDt¢fies for women on tht LumiD4ry Progr2mu One of the key insigbts frorn developing our Theory Of Ch2uge in the last rwrtiDg period was that well-supported work ¢xp¢rience and apprentic¢sbip placernents are among the m05t cffective routes to sustsitthle c[DployuI. Th¢5e placeIents Dot only provide PJ3Uical skn.lls also boost confidence, build netWoS and help wornen navigat¢ the transiiion into the workforce. To support the gTOWth and quality of th¢se otqjortunities. especially with external work partn¢TS. we inveed in a new team role. OUT Employability Cothinator, in this reporting period. This Testhed in a total of 56 extern work pl8c¢m¢Dt Ilays over the year. represeming a si8DificaDi 1]Kre oll prEViOUS year5. We also ntinUed OUT parkn¢tsTrJip with our sister orgaDiS&tion. Lumlnary Bakery. offen.llg all women ill Plwe 2 olle41ay work experience placement. This ye2T. 25 wotw) took part in tbis opwtunity. In addition, tsvo women compled six-month apprenticeships with Luminary Bakery. one in the café and one in the bakery. A further two women undertk tWOTrmonth apprenticeships with an ¢xtemal corp)rare partner. marking an exciting new opportunity intr1ced this year. "I really ertjoyed my ivork ewriertie Dll. stsrftng io le4rn bar&r¢a sknllr & Lrperiencing lfitte. c. colloboralioA otso & leornirtg lo monoge thzfkf togeiher" Lumiw worne Graduate (extract from IA]mioary's ItDpact Rqx)rt 2025) '"The te¢1Ls are oma2in8, everyone ihere took cure of me so much. I have gfflnvd confidence hands-on experience. li heen a pri?1ege. Luminary Worn¢n, Apprentice. Trxorking with a corporaie pamer (extract from Luminary's Impact Report 225) Increasing tbe of women totnpleting the Lumikn&ry pro8rThme To support this prioriry, Progffssxon Supwrt Worker team Wds tnaintsned at 5.6 FTE, ellsuring that I11)dUal caseloads did not exceed 20 womeL Durnjg thi5 reportiog period. the ¢harity secured fvDdiog from Tbe National Lottery Crunity Fund to fid this tearn ovu thE xI three yea Jn additio w¢ strength¢D¢d our tyaining provision by recruiting a dedicated Trnining Coordinator. Tbese invesrtllents are auneAI at improvin8 ellg8gett)e*E oUw0n aod loog-lm impact for wortsett on the Lwninary Programtne. Pa8e 6
Luminary Limited Trustees, Report Ampjifyine women's voiw in Llary protramme devel•pment To enabl¢ deep¢r le8millg and grew¢r involvement from the women on the pmgrauJll*. we have contiDued to develop OUT Advisory Panel and adopt¢d a 5tyryt¢lliDg approach. SuOrryng womeo to Teflect and tell stories. on their tern)s and io their owll words. is central to our approach and learniDg. Finanei81 ree This h&8 been another •rong year for fundraising whue we have seen a very Ex)sitive retum on our investsn¢nl In fundraising, including a thre¢-y¢ar 8r4ni from Comic Reli¢f to support the recryitment of our firsi full-time Head of Fundraisin& Buildkng on last year we continu¢d secure a of r¢p¢ai and D¢w fwiders. providing restricted and trIcI¢d graDts. Our funding ptofile is balanced - where we were QDLe reliant on a single fundcr. wc now have a diverse group of supponers. tnany of whom provide rnulti-year commitments. LkIng ahead to 2025-2026, we aim to fvrtber 5trents ow fuwicial resilience. i11ng divetsifying OIN funding 9tre4ms. PoliLy on ruerves LumTrnary W(¥men d¢fin¢s reserves as "an all0vnl Orw)StrICd fithds which can be spent on any purpose of the chatity" At the eTxI of the lost portIng period the policy of th¢ ¢harity was reserves should bc maintaioed at a levd &4uivalelli to three Tth)llths' core expellth"ture. At the end of tbe reporting period. the charity held t(rtal reserves of £351.074. ]lUdIng reslricted nds. These comprised £100,860 its rtstri¢ted rtserve4 and £250.214 ID UDre5tricted (free) reserve5. Of the uurestrict¢4J reserves. £73.996 was held in a Sayin count. The charity's free of £250214 are equivalent 10 approximately 3.8 nM)nths of opernting expenditure. The TnL4teeg have reviewed aNI upjated the r¢5¢rv¢s 11¢Y and now aim to mainthin tsnresiricd (fre4) reseTves.ai a level between ihree and six months of n]nning costs. This will be achieved through r¢gu]ar monthly traSfer5 into tht designated 8avillgs accoutsi. alongside th¢ contu¢d gen¢rdtson of uDtC5tricted inrome. The Tnjsiees Consider thai unrestricted (fiee) reserv&s at thi.s level ivill ensure that LurniDary can CODtinue the charity's core activities in the evelli of 8 drop in filnding. whilst cOS]d¢tIOll LS given to ivays in wkn.ch additional fid% can be raised. In the UDlikely event of the charity having to be WoUj dowm the reserves would allow rhis io be done in an orderfy manner with the charity's obligations bein8 meL The TnJstee5 will rcvirw the allMMuJt of UDtrstrictcd (free) rescrves and the Reserves Policy on a quarterly basis as part of ibe charity's internal financial controls. Platts for f•ture periods Aims key objectivaFforfMthreperwds In the nexi reporting period. Ihe key OUWui and trnpa t2rg¢ts for the chariry are: • To recrnit up lo 56 women onto the two-year Luminary Pr()gramrn¢. • of women Complete ph l of our Programme. . of women who start Phase 2 of our Programme complete the tsaining. J300/0 of women who stsrt Phase 3 engage in our mentoring scheme for six months. as part of their progression support.
Luminary Limited Trustea, Report Impact largets • 70Q/g of womeD who cornplek our tWO- yeaT F84ll are in Employll)eDL Educatio Volunteering or Training. 8/) of wom¢D who compkne IMLr tw¢>year Progr Teach Itepende. measuTa througb our iDd¢pcttdence it)dicators. As part ofdevtloping Luminary's strategy. in the fimDtiil ytsr we plan to: Establish * braDd for Luminary Ltd- Luminxry WtstneD The charity will ado the name Lwninary Women to SUPTX)rt the development of & ¢lr, consistent and reLogDisable brand identity thar reflects its ViSiOT) and mission. This rebranJiog will aim to 6tren8tht As part of this process. the charity will dcvelop a dedic¥ted website aDd social media presen¢e to communicat¢ its work and impact to a range of audiences, including key st&keholder5. Continue to create financial stability for the ch¥rity Wyth a full-time Head of FuDthw5ing now in supportEd by Cornic Rclief, Luminary Wornen will focus o contithtJin8 to 5treDgthen its fiD3ncial p051tion. Key piiorities include builditig on swcess witb trusts and foundatLOllS, diversi.ng iticort]e streams and increa8 reserves. IdeTrtify 4nd bvild new strt¢gic partn¢rship5 We want to reAear¢h and actively engag¢ n¢w partrws.. r¢ferr81 organisations. other CtitieS. I(1 authorities alld cxtern81 WolIac¢ parttt¥rs to Strengtbeu aod cxpand our work and impa¢L A k¢y priority is to r¢s¢arcb #nd coJ)n¢ct WAth pattJKr5 that have training spaces OT kitchens whur we could Potrntially pilot our progra0¢ ID Souib London with a STnall cohort of seveo women Kn late 2026 orearly 2027. Going concern In this finaDcial year Si8Dificatsi progress has beeo made iti fimdraisin& Grants have b¢en secured for the Dext ftnancial year (YE 31 October 2026} with inco¢ on track against tsrgets. Multi-year funding bas also been secured towards tbe 2025-2026 6nsn¢i81 yeaT budge¢ aTrJ beyond, and a robust pip¢line of future funding applications 15 in plac¢. The Trustees have considered ihe levels of fijnding held and the expefftd level of income and expenditure for the 12 monihs frorn authorising. these fIn¢181 statements. The-budge*d income and expenditll is suffhcient for the charity io be able to ¢oniinue irs oppTriions for the next 12 Tnonths. On the basis of the above. the a¢¢ounts have heen pr¢par¢d on the going cortcem b&is. Page 8
Luminary Limited Trustees. Report Lumioary Bakery Ltd Luminary Limited has a sisr organisation. Lumittary Bakery Ltd. wbich is a wRal enterls¢ cr¢?ting employtnent and wo] experience opportunities for the tsainees and grnduates of the charity's pro8rarr]rne. During this reporting p¢riod 892 hours of apprwic¢ plac¢ments and 2866 bours of paid employment were hosted by Lumirtary Bakery for our graduates. The leadershTrp and governan of ea¢h organisation is parate, bui we have a joint Intercornpany ujmmitiee COTnprisin8 representatives from each entity, ro allow f£ crdinatiOn and joint StrateC thisions. Luminary Limited b&s a signifiLattt mi(Lority sharehold8 in Luminary Bakuy ix& At tbe year erf Lumioary Limited ovrned 39/0 of the tota] share capiral of Luminary Bakery Ltd. Addition3lly. IOO/o of the total shart apiral is held in a quasi-rreasury stnKbJre for fintrr illvestmettt in LumÉnary Bakery IAd. Luminllry Limited is a Cortrt)Tate Director of Luminary Bakery Lt4 wth this role tsken by k norninated trStee. From time to time Lurninary Limiied invites Lwninary Bakery Ltd to nomina a Director to join Luminary Limited tTWtee meetings &s an obs¢rv¢r. Smil eomp4nits provision ststtD)ent This report ba5 been PL"epared itl accordance with ibe small cOMpaleS tegitne ullder the Companies Act 2006. Statement of Responsibiliti The tntstees (who are also the dIrOrS of Luminary Limited for the purposes of company law) are responsible for pttparing the tnree$, rcport arKI the financtal statements in accordance with applicable law and Unittd Kingdom AoUnting Sthndar(Ls (unld Kingdom Genetally Acttpted Accounlino Praclice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Itelaod" The wort and a¢¢oulllS have been prepared io accordance with the provisiorL8 in the Companies Act 2006TelatiDg to small companies. Company laiv requires thc ttU5tecs io Ptepare finaocial stateolenrs for each f]nancial year. UThler ¢ompaLy law the wstees must Dot approv¢ the fuwDcial ststernents lesS they aTE 5atlsfLed that tbey give a Irue aDd fair vtew of The state of affaJ"TS of the th3ri18ble cornpany and of the incomijjg resources 2nd applicatsoj) of resources. iticludiog its iocome attd expendityre. of the charitsble compaDy for that p¢riod. In preparing thes¢ fit]cial statements, the tn]stees arc required to.. select suitable accouniing poiici¢s and apply tbem coD5iSt¢Thtly" observe the meihods and principl&8 In the ChaTities SORP; make judgemerLLS and estimates that are reasonable and pru%knL stste wbether appliuble accounting stsndards. comprising FRS 102 have been followed, subject to any material departurcs th"sdosed attd explained in Ibe fillaocial StrMents.. aod prepare the financial statements ou the goiug concern b&si5 unless it 15 inapwopriate io pre9ume th¥t tbe ¢haTitabl¢ compaDy will coDtiDu¢ in busine5S. The Irustrts are responsible for keepin8 proper accounting recor(Ls tbai can disclose with rEaSODable accurdcy at anv. tsme the financial position of ih¢ ¢haritable cornpany and enable them to ensure that the financial stateinents comply with the ComFdnies Act 2006. They are also responsible for safeguardin8 ihe of the charirable company aDd bencc for tskirtg reattable Steps for the prevention and detection of fraud ard otb¢r irr¢gulariti The trustees are responsible foT the Maintena and inleity of thc c4)ry)orate and financial mforn]aiioE it)cluded on the charithble companS website. Lw"slation governing the preparaiion and disseminaiion Oi sjnancial 5tat¢m¢DLS mav differ fro legislation itt other jurisdictions. Page 9
Luminary Limited Trustees, Report The annual report was a>yoved by the trustee5 of the ctrwi.ty on..271.07Ab and sig[d OTh its behalf bv". Katberin¢ Upto Trustee Page 10
Luminary Limited IndepeDdent Examiner's Report to the trustees of Luminary Limited ('the Company Independent exatlliner's report to the trujtees olLumimary iAmit¢rt ('Ihe Comp40y'} I repon to the chatiry s¢S on my examitiatiotL of the x¢ouLts of the cotnpany for the year ¢nded 31 October 2025. Re$ponsibili¢ies byuis of report As the ¢han'ty's wst¢es of th¢ Compaoy (and also its diT¢Ctors fTr- the purpos¢s of cOMpaY law) you are responsible for the prqwation of the accounts in accordallce with the requirements of the Compallies A¢t 2006 ('the 2006 Act.). Having satisfied myse]f that tbe accounts of the Company are llot required to be audited under Part 16 of the 2006 Act and are eligible for independent examin)0 I report in respect of my examination of yOLLr cbwity's accouots as Carried out wider scction 145 of the Charitics Act 2011 ('th¢ 2011 Act,). In out my ¢xamination I have followed ihe Directions given by the Cbarity Conunission under stttion 145{5Xb) of the 2011 Act. lttdependent examiner's stxtemnt Since the CoTnpany's gross illcome exceeded £250,0(M) your exarniner rn$t be a memTrr of a body listed in section 145 of tbe 2011 A¢1. I cotsfLrnI thar l am qualified to uodenakc the examination because l atn a mernFr of the Charterd Institure of Public Finance and Accountancy (CIPFA), whi¢h is Crfle of the lisied bodies. I have compkned my examiDation. I c<ynfirn) that no mattffl5 have come to my attention in cot]Dection with the examination vIng me cause to btheve that any matenal rttspect.. l. accounting records were not kept iti rweeLof tbe Cwany &trrtquire&by 8ectiOTJ J86 of the 2CMV) Ac( or 2. the aeeounts do not accord with those records: or 3. thc accounts do ttot comply with the accounting requiremcDts of section 396 of the 2006 Act other than any r¢quirell)ellr that the accounts give a 'tsw and fairf view which is not a ¢onsidered as part of an iDdepeDd£ot exan)ination" or 4. the aecounts have not been prepared in a¢wrdance with the methiKls and prirtrcsples of the Siatement of Recommended Pradice for accounting and reponillg by charities [ap.plicablt 10 chaTities preparin8 their accouots in a¢coTdan¢e th the FiDarKial Reporting Standard appli61¢ io th¢ UK 8Dd Republic of Ireland IFRS 102)]. I have no concerni and bave come across no other matters iti Con¢t10 with the examination to whicb atL¢ntio should be drawn in ihis report in order enable a proper underslanding of Uie accounts to be reached. Eva StevetLS, BSC, FA, employee of CoEtllnunity ACCtttg Plus meEnber of the Chartered IrJsLiWte of Public FinaD¢e arml AcrA)unlancy (CIPFA) Urjits l & 2 North Wtst 41 Talbot Stre¢t Nottingha NGI 5GL Date.. 22/07/2b Pagc 11
Luminary Limiled Statement of Financial Activities for tbe Year Ended 31 October 2025 ncluding Income and Expenditure Account and Ststement of Total RecogDised Gains and Losses) Unrestrirttd Restritttd fund$ Totsl 202S 2024 lTrcoffje #nd Elldowrtwits Irom." DonatioD$ and le8aci&% Investmeni iMe 508.804 1,529 301.958 810.762 1,529 731.737 979 Total inLome 510.333 301,958 812,291 732.716 EXPenditre ort: Raising fuods Cbariuble activities (4.407) {416.672 (25.875) 255.898 (30282) 672.570) (46,8181 613,734) Total expeoditure (421,0791 281.773) (702,8521 {660.552} Net incorne 89.254 20,185 109,439 Net movemenr in fvJ]ds 89.254 20,185 109,439 72.164 Recort¢iliatiOrt of fuDd$ Total funds brought forward 160960 80.675 241,635 169,471 Total ndS carried forward 15 250214 l(Xl,860. 351.074 241.635 All of the charity's acrivities derive from contirtuing operations during the ab)ve iwo periods. The funds breakdown foT the peri(¥J is showm in 15. The ttotes ots pag¢s 17 to 29 fomi an iotcyal part of thes¢ 6n8ncial slatements. Page 12
Luminary Limited Statement of Finrdncial Activities for the Year Ended 31 October 2025 (Including Income and Expenditsre Aecount and Statement of Total Recognised Gains and Losses) Tbese are the figures for the previous %co•ntiag period aod are included for etsmparxtive p4rposes Ullrestrici Restricted Total rynds funds 2024 Noie Income Endt)wments fr•m: Donations aod legacies lttvtstment io(x)oJr 384.058 979 347.679 731.737 979 Totsl 385.037 347,679 732.716 Expeoditur¢ on: Raising fiJJ)ds cIlbIe activities (46.765) 253.134 (53) (46.818) 613,714) Total expendiiure 299,899 360.653 Net incoinel(expellditure) Transfets bvtwceD fijllds 85,138 (7 {12.974) 72.164 Nel movelnellt in full(ts 85.131 (12.967) 72.164 R¢¢oTr¢iliation of funds Total funds brouohi foThvard 75.829 93.642 169.471 Total fid$ carried fonvard 15 160.960 80.675 241,635 The Lotes ott pages 17 tt) 29 form an iniegrdl part of th¢5¢ finan¢ial Ststemett. Page l-.
Luminary Limited (Registration number: 11651624) Balance Sheet as at 31 October 2025 2025 2024 Note rlled assets Tangible &ssets Itsvesents 32.204 30.001 40,204 30.001 70.205 21 62.205 Current assets Debtors Cash ai bank and in baDd 74,362 313,040 3,213 239,584 10 387,402 242,797 Creditorn: Amounts f1£ due Ivithin one yr 189.462) (59.274) Net current &%stts 291.9tl0 183,523 To¢81 &ssets less currtnt li8bilitits 360.145 253.728 Creditori: AoJDWDts falling due after mort ihan o#e yer 12 071) 12,093 Tr4et asset5 35 1.074 241,635 Fund5 of the chrity: Restritted iDcDn Restricted liu)ts 15 100.860 80,675 Unre$tricted iD¢ome fund5 Unrestricted fi]n&s 250.214 160,960 Total fuud5 15 351.074 241.635 For the financial year ending 31 (ktober 2025 the charity was entiiled to ¢xtmptTon from audit under section 477 of the Compallies Act 2(K16 relatsng th small Companies. Directors, reSnSIbIlITieS. The Membe have Dot required the cbarity to oaIn an audit of its a¢¢ounts tor the year in question ac¢ordance with section 476" and The direciors acknowledge their respoDsibilitLe5 lor complying with the requirements of the Act wilh respect to a¢countin¥ records and the PEeparniion of accounts. These fi]Jaocial s(xtetrL¢nts have been prepared in a¢¥ordJll¢e with the sp¢¢Jal provisioD5 relating ¢0 mpanieS 5ubje¢t to tbe small ¢ompauie5 regjme witbhn Part IS of the Companies A¢t 2(K)6. The fJnaDciai 5t2tern¢nts on pages 12 29 were approved by the trustees. attd authorised for issue OD ..2.21.07/2.b attd sigoed on tbeir behalf by". The notes OD pages 17 to 29 forni att inte8 part of tIe financial stments. Pag¢ 14
Luminarf Limited (Registration number: 11651624) Bal8n¢e Sheet as at 31 October 2025 Katherine UDton Tnjstee The notrs on pages 17 10 29 forni an intewdl part of these finall¢1 sthlet)n
Lumlnary Limited Statement of Cash Flows for the Year Ended 31 October 2025 2025 2024 Cash ftDws from operAting Activiti¢5 N¢t ¢ath in¢(rni¢ 109.439 72.164 .4djustmeDts to £5h flows from nDD4sh Iltn Depreciaiion Investment income 8.000 979 1.529 115,910 79,185 Working capitsl adjujtments Decrease in stocks (IncT¢ase}Idecr¢&s¢ in debtor5 Increase ¢reth"to Dxrease ill def¢Tred inc(Kne (71,149) 30.188 3,022 924 7,349 Net cash flows fTOrn operttirtg activities 71.927 88,227 Cash f]ows from iDVtsting activiti¢5 ITreSt receivable 8nd Simil income J,529 979 Net increase in cash ad cash ¢quiv21eors 73.456 89.206 C&8h and Cash equivalents at l November 2)9.584 150.378 Cash and cash ¢quivalents at 31 Cktober 313.040 239.584 R¢conciliatioD of net C•sh flow to m0veUt io net fuDd$ Increase in ush 73.456 89.206 Net fullds at l November 2024 239.584 150378 Net funds ai 31 October 2025 313,040 239,584 All of the cash flows are derived from coniinuin2 operations.duriDg the two PEri( The lloits on pag¢s 17 to 29 fonu an iDte8ral partof fjnancial statements. Pag¢ 16
Luminary Limited Notes to the Fiaan¢i21 Statemeots for the Year Ended 31 October 2025 l Aceov•tltsg pollties Sumin4ry of Signifi1 accounting polieies and key aeeowiting estiJwte8 Tbe principal accountsng policies applied in the pieparation of th¢5¢ financial ststernents are set out below. These policies bave beeo coosisteotly appiie4J to all the years presclltcd. un]ess otherwise stated. Statemeot of eompli#tice The financial ststelllents have been prqw¢d in accordaDce with Accouniing atsd Reporting by Clwities.. Sthtement of Recommeoded Ptsctscc (applicablc 10 cbaTities prq>aring their a¢counts in a¢cordan¢e with the FiDaD¢ial R¢wrtiDg Stsndard applicable in the UK and Republic of beland (FRS 102)) (issu¢d tn Octob¢r 2019) - {ChaTities SORP (FRS IfY2)), th¢ Finaocial Rwrting StaDdaTd applicable in the UK al Republic of ITeland (FRS 102) and the CompaDics Act 2C4)6. Balis (If preparatio Luminary Limited m¢ets th¢ definition of a public bUrit entity under FRS 102. Assct5 and liabili¢i¢s are Illllially recognised at historical cosi or traTLsactiOn value wile55 otherwise stated in the relevant accounting policy notes. Going concern The fithancial statements have bten prepared on a goin8 CODC¢rn basts. Th¢ tnJst¢es as$45s whethe.r tlt otxgotng wi¢ern i¥ appfopriate i.e. whether thert are any maierial uncertajnties related to evenls or conditions that may cast significant doubt on ihe abiliry ot- the chartty to continue.as a going concern. The tTUStees rnake this 3ssessrnent in Tespect of a period of on¢ y¢ar from the date of approval of tb¢ financial S¢ements. I¢0¢ •Md endowments Volunthry 5ncome including dotiations. 8iti8. legacies aThJ atsts that provide core fuDding or are of a general nawre is recogni5ed when the charity has eniiilement io.the income. it is 0babIe that the ineA)me will be rec¢ived and the amounL ¢an be m¢&5ured with sufficieni reliabilÉty. Donaiions are recognised when the charity has tttn notifd in writing of F*)th the amount and settlement date. In the event that a donatioD is subject io condj'tions that require a levtl of performaoce by the cJJariLy before the cbatity is entided to the fun&s. the iDcorne is deferred ar not recogwsed until either thos¢ ¢onth'tions ar¢ fully met or the fulfi]ment ofthose coThlitioos is whollv within the control of the charity and it is probable that these conditions will bc lfill¢d io th¢ r¢porting p¢riod. Gt4•is rrteiv4b Grants are reColS£d the charity b&5 an eDtitlerllErt to fillKLs aud any conditions lithd to the granL< have been tnet. Where perfornwLCe ¢ODdition5 are atta¢bed io the grdnt aud are vet to be met. the incorne 18 re¢ogoised as a b"ability and iD¢lu¢Jed on the balanc£ sbeet as defetred inctime to be relwed. Page 17
Luminary Limited Note5 to the FIDaDcial Statements for tbe Yegr Ended 31 October 2025 Deferred Deferred itlcome reprttellts atDxwts 1ved ftir fufutr petIS and is leased to in¢oming SOurceS in the iod for whi¢ it has beeD received. Such iticome is ooiy Ikferred when.. - The donor specifies that the grnit or don8ti00 must only be used in fuftwe accounting periods. or - The donor has irnposed condition5 wbith must be before the ¢barity bas Unconditional eDtitietllcnt. Jnveslmemt inLorne Dividends are recognised once the dividend h&5 been dctlaTed and notification h&$ been e1Ved of the dividend due. Expenditure All expendiftjre is reeognised once there is a legal or Constructive obligation to that expendinjtt. it ts probable settlement is required and ihe amount can be rneaswed reliably. All costs are allocated to the applic&ble expenditure heading that aggregate similar costs to that category. Wh¢re ¢osts ca1 b¢ diTe¢tly attributed io particvlar headings they have bee¥J allated on a blgis consisnt with the use of resources, with central srafrr costs allocaled the basys of time spen¢ aDd depre¢iation charges alloGatcd on tbe portion of the assEt's use. Other support Costs are aitocated based OD the spread of strff LXJSts. R4718fmAdS Tbese ktre eosts ittcurred iti attrxting voluntary iThxme, the gernt of inveBllDents and those iDcurreA i tradin8 aciiviti&% that raise fvn(L%. Chur¢table 1#y¥ll¢S Charitsble txpertditurE comprises ¢(XSts by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be diiecily io such activitye5 and those costs of an illdir¢¢t natur¢ nx¢ssary to Sup[ tb¢DL Support costs Support costs include central functions aod bave been aNOled to activity $t caregories on a basis cousisnt with rhe use of r¢sources. foi exatnple. allocating PTop¢ty costs by flotsT are4 or per capit4 stsff costs by the tirne spent and other costs by their usagc. Govern#Bet e•sts Tbese include th¢ costs attribytsble to the cbarity's compliatiLe with coTh%titutional and stalory requirements. including audii strategic mallagement aDd truses llffttings aod reimbursed ¢xpenses. Taxatioo The chaTity 15 CODsidered to the tests set out in PaTagraph I Schedule 6 of the Fill8n¢e Act 2010 and therefore it meets the definition of a ebariuble company for UK wrauorL tax purp05¢s. AccDThJiugly. the Charity is potentially exempl .from taxaiion in respect of income or capjtsl gains Yeceived within eaiegorie8 covered by Chapter 3 Part I l of the CoTporaiion Tax Act 2010 or Section 256 of the Taxation of Chargeable Gwns Act 1992, to the exteni that sh income or gains ar¢ applied exclusively to ¢han"thble purposes. T#DgSble fjxed ssets Individu red &ss¢ts costing £500.00 or nxJi¢ are initially recoTded at cosi less any subsequettt accumulated d¢prlation alld subsequent aCLW[nulad Ioss¢s. Page 18
Luminary Limited Notes to the Financial Statements for the Year Ended 31 October 2025 DeprecialioD amortisatioB Depreciation is provided on langible assets so as to write off the cost or valuatio4 Icss any estirnated resid.ual valu¢, over th¢ir ¢xpected useful ¢wnomi¢ lif¢ as follows.. Asset ¢1855 L£as¢hold improvements Other fixed &WLS Deprecla¢ion method and rte over the life of the lease over 10 ye4rs FAxed asset itivestmellts Fix¢d a$5ei Invest[n. oth¢r than ptogrw¢ r¢lat¢d iDvesttD¢Dts. ar¢ ilI¢d at nwkei value ai the baiance sheet date. Realised gains and losses on inv¢stmfflts are c#tcuiatcd as th¢ erence b¢tween sale6 probeeds and their rnarket value at the start of the year. or tbeir subsequent c¢). aod are cbaTged or credited to the Statemrnt of FithaD¢iaR A¢livitics the p¢riod of diSFWI. Unrealised gains and losses represent the movement in m8rket valu¢5 dwing the year and are crtdited or ch&rgcd to the Sratement of FinclaI Act?vities b&sed on the market value A( thc year ¢n(L Trgde debloffs Trade drbtors are amouuts due from custoll for tDeT¢baDdise sold OT services peTfoIlld irt the ordinary course of business. Trade debtors ar¢ 0glS¢d initially ai the transaction price. They ar¢ subwuently measutrd at amortjsed cost using the effective interest meth(ML Itss provision for impalmnI. A piovision for the impairmenl of ti debtors is estsbljshed when (here rs objeciive evidence ihat the charity wll not be able collect all amounts due a¢cording to th¢ QTiginal t¢rnis of th¢ rr£¢ivabl¢s. Cash lld ca5b equivalents C4sh and cash equivalenls cotDprise cash oo baDd and call deposits, and other short-t¢rm highly liquid invesrments ihat are readily convertlble io a ktr)wn anKWli of 5b and are subj[ to an i8181ficanf risk of change in value. Trade treditors Trade creditors are oblrgations to pay ftir goods or strvices that have been acquired in the Ordinary course of business froTn suppliers. Accounts pavable are classified as Currenr liabiltiies if ihe charity does not have ar. oconditionai righL ar the end of th¢ reponing peri. to defer sett]emeni of the CTeditor for at lea twelve moDths after the reportiag daic. If there 15 an un¢ooth"tional tigbi to defer settlement for at least tyvelve months after the ieportin¥ date. they at¢ psCOtcd as non-LUtrent liabilities. Trade creditorg are reeo¢tiised inilitilly ai the transaction price and subso4uently mwured ai wntirtised eosT using the Effective interesi metlth. Fvftd St¢Te Uurestticted income fijttds aJe getteral ore availabk for useat the DILSte¢s' dis¢retioll in fvrtherauce of the obltIVeS of the charitv. Restricted iocome fun(Ls are those grdnts for in a particular area or for specific puryoses, tbe use of wbicb is restricted to that arta or purpose. Pagc 19
Luminry Limited Notes lo tbe Financial Statements for the Year Ended 31 October 2025 Penlions and Dtber post retirement obligations Tbe cbarity operates a defined CODtributson PEnSiOD scheme which is a peDSiOtt plan under which fixed contrhbutions are paid into a petssioD fund aod the charity has no l¢gal or cothctive obligation to pay further contributions ¢y if the funé does Dot hold sufficieni a55ets to pay all .efftpioyees th¢ b¢ll¢fits ielatin8 10 ¢nJployee seTvice iD the current alld prior periods. Contributions to defmed contribution plaDS are reco8llis in the Stalerne of FAnallcial Activities wben they arc due. If Contribution patftts exceed the contributson du¢ for servt¢e. the excus is recogntsed &$ a pr¢paymenl. 2 Intome from dontio•s kgacies Unrthrided fund5 Geneul Restritted rund$ Totl 2025 Total 2024 Dollations lega¢i¢s: Donations from companies atsj similar pnKeeds Donations from individuals Gift aid rlair0ed Grdnts. includiug capital grants" GraDlS frorn otber than'ti 37,581 39,046 150 37.581 39.046 150 22,780 76,722 3,175 432.027 301,958 733,985 629,060 508,804 301958 810.762 731,737 3 Invegtment Unrestricte41 funds General Tot1 2025 Totsl 2024 Interest receivable and $irnilar income- Interest receivable on baJ)k deposits 1.529 1.529 979 4 Expendlture on r*islng funds
) Costs of generAtltsg dott*ti•ns and leg8¢ie5
UArestr5cted lunds Total 2025 Tolal 21J24 ruDd5 Fulldrdising & outreacb 4,407 25.875 30282 Page 20
Luminary Limited Notes to the Financial St21eo)ents for the Year Ended 31 October 2025 S Expendithre on eh#rht4blè etlvlties Uwre5trieted funds General Restricted Tot1 2025 Total 2024 Course (Pba5e l & 2 training) Ernployability Staff r¢¢witsn¢o( wtitbttng, training & surViSIO HR costs Staff costs (Salari&s. Nl & pension) Programme costs Progress100 SUPPQrt WomeD'S en8a8emtDt & ornn]unity leawng Rent, rates & utilitits Depreciation Governance & support costs Inore 2,582 9,983 625 12,565 2.621 13.481 99.602 4.581 11.871 322,134 14.557 9.615 148,499 11.629 11261 19.138 21.486 470.633 11.629 13.725 19.201 349,839 10,938 16.818 9.137 2,443 4,206 32.596 4.978 2.562 s.5 4.206 61.914 2,228 2.299 41.387 29.3 18 3.022 81 20,148 14.827 34.975 36.21 416,672 255,898 672.570 613,734 ItLcluded in ext)endityJre analvsed above. there 8r¢ also governance & SUprrt costs of £34,975 (2024- £36216) wbi¢b relate directly lo charitable activities. See note 7 for fitttrr ddail& Page 21
Luminary Limited Notes to the Financial Statements for the Year Ended 31 October 2025 6 Staff costs The aggregate p8vroll costs weTe 8$ follows: 2025 2024 Staff ¢05ts during the yer were: Wages and 5alaric5 sla1 SeLurity costs Pellsion costs 422.961 36,411 11.261 317,919 23,092 8,828 470.633 349.839 The rnonthly averdge nwDbEr of PETson5 {includiti8 senior t[wwg¢Me team) employcd by the charity during the year was as follows-. 282S No 2024 No Average nuTnber of attployees 25 16 (2024- 12) of thc above eryykJy¢¢5 Participated ID tbe Defined CJ)tittibutioD PensAOll Schemes. Contributions to the employ¢e Ftnsion schemts for the year thtslled£l 1.261 {2024- £8.8281. No employee r¢teived emoLuts of rnre than £60.IKKI during the year. Thioial employee benefits of the key mawement perso1 of thc cbaTity were £60.617 (2024- £51.305). 7 Anly$is •f govern8nce 9ppOrt Costs Support e05ts iJDrtstri¢¢ed funds Gener•1 Restri¢trd funds Tot1 2025 Total 2024 L¢gal & profr&siottal Insurance Geoeral office costs FiDaDCE costs 12.320 3.746 1.492 370 8209 20.529 7.155 4,559 521 21,194 5,309 7,057 436 3,058 151 17.928 14,827 32.755 33,996 Page 22
Luminary Limited Notès to the Financial Statements for the Year Ended 31 October 2025 Covern¥Dce costs UDre5trKted funds GerAernl Total 2025 Total 2024 Independeat examiner ftts Examination of the financial stat¢nxots 2,220 2220 2.220 2,220 2.220 8 Tallgible red Other fkxed Assets irnprovements Toul Cost Ai l November 2024 78,984 1,021 80,005 At 31 Ociober 2025 78,984 1.021 80,005 Depre¢ia¢lon At l Novernkr 2024 Cbarge for the year 39.4 7.898 311 102 39.801 Ai 31 October 2025 47.388 413 47,801 r4et book value Ai 31 Octob¢r 2025 31.596 608 32,204 At 31 (ktober 2024 39.494 7lO 40,204 9 Debtors 2025 2024 Prepayments A¢crneAI ittcome Other debtors 7,782 50.720 15.86ts 3.213 -1.213 10 Cash and c8sh 2025 2024 Cash on haDd Cash at bank 50tI 239,084 312.540 13.040 239.584 Pagc 23
Lum7nAry Limiled Notes to the ThaDcial Statements for Ihe Year Ended 31 October 2025 JI Creditors: IimoilDts failing due withio ome yur 2025 21)24 Trxde ereditois Due to group llndertakin8S Other ttIoN and social stturity AccTuals Defeed 7,646 2,632 18.751 57.41 3.022 6.343 1.851 11.541 36,517 89.4(Tr2 59.27a 12 Creditors: llollts falling due gfter ont yer 2025 2024 Defed iD¢on 9.071 12.093 13 OblSgtloDS under luses hire purthw traCts Oper2tlng k2se COJDmitrynts Total futllr¢ minimum le&ye paymits under nOn•ClIable opetaiiDg1¢&s¢s are as follows.. 2025 21124 LgDd and buildings Within one year Betw¢¢n one and five yEats 66.750 136.104 66,750 202 854 202.854 269.604 The clwity is the lessee of two pro]¢$ which it sbares wa8e and costs with its sister company LuTniu Bakery Ltd. 14 ChArity statss The charity is a cOmpY ]irnited by guaraTr) and ¢onwu¢ntly does not have sbare capital. Eath of th trustees is liabl¢ to ¢¢)ntribuie aD atwt not exceeding £1 towards the 8ssets of the ¢baTity ill the event of liquidlOn. Page 24
Lulninary Limited Notes to the Financial Statements for tbe Yr Ended 31 October 2025 IS Funds Balanee ¢ Balance at 31 October 2025 November 2024 r¢sollrt¢5 eXpeded Trgw$fer5 Unrestricted funds Genera] fiwds 160960 510J33 (421,079) 250,214 RestTiCt¢d fuDd5 Programme Costs {donaiions under £20k) Programme costs (donatio £20k and ovrr) Support Costs for Wory Lutninary LifrloDg Learning Fund Staff Volunteeriog Direci Programme Costs Progrcssion Suprrt>rt Wother Core and Direci Pramme Costs Counselling and Core C(ysts Fundraising Support REbIng communitipartnerShIPS (The National Lottery c0[ulty Fund) 24.334 (24.334) 56.341 (56.341) 207 8265 (7,016) 1,456 {487} 9,705 500 5.822 9.107 9,218 500 3,487 56,875 10.000 {59.210) (19,107) (16,395) (49,798) (8,WO) 16.395 15.308 8.000 50.fAKJ 15,510 78,325 {56,5621 (4,7201 (3.002) (21.587) 10,911 4,720 32.674 RerLovations Access to Work Grant Fundraksiug Senior Prosramme Manager & co]t costs Training Centre assel Training Centre Salaries Opportunities & Patffierships anager 50.(KKI 28,413 20,( 3.022 17.469 (20,0) (3.022, (7.867) 9,602 Total restricteil fund 80.675 301,958 {281,T13 100,860 To¢al fund5 241.635 812.291 (702.852) 351.07 Th¢ trdD5fers are ts) allocate the opening ba18Aes to fh¢ iliVIdUal Sjrs not listed separately ill prior year. Page 25
Luminary Limited Notes to the Financial Statements for the Year Ended 31 October 2025 Tbe sp]ri¢ pytposes for whi¢b the fvnds are be applied aTe &s follows.. Fuuding wmes from a vari¢ty of sources including grdnts and donatiOI]s. We axe tful to all our fund¢rs. ¢specially for the support of the Aesop Foulldation, The Caring Fan)ily Fovndation, City Bridge Trnst {the fuuditLg atTn of The City of London CortM)TatiOD's charity, Brid8¢ House Estates). Comic Relief. Th¢ Copy Club Limited. the Criseren Foundarion. Grfield Weston Foundation. The Henry Smith Foundation. Imagine Foundarion, Jntelligerw. Kering Fourthiion, LSEG Foundation, Lloyds Bartk Foundation for England & W81¢s, The Trdon Community FoundattoTr. Martamarina F¢wndation, Mercers, Charitable Foundation. The National Louery Community Fun(L Sian FAther, Two Magpies Fun¢ thc Worshipfvl Companv of Bakers. . Supporr Costs for Women: Small grdnts providin8 esscDknai itexyts for womett on the progran¢ (e.g. household applianct& fimiiture). . Luminary Lifelong Learning Fund: Small PIll8 further ethtiOn and traioing for programme alumni (e.g. laptops). . Staff Volunteering.. Covering the costs &wei8red with employee volunteer opportunities at Luminary Women. . Direct Progrdmme CosL8.. Contrtbution towards the Costs of delivering Lwninary Woff*n's twlj-year programme. . Progression SupEK)rt Worker". Contributioo iowards the salary of one Pro8ression Support Worker. . Core attd Dtre Prorn tsts.. Contribution towards1)oth COTe ¢osts and diTe¢t Ptogrnmme costs. Collnselliog alld Core Costs.. Fuuding foi m thetapists prov&diDg 16-iveeks of COUD5eUin8 sessions for wotnen tsn the piogrnmtne. phLS A contribution toivards core costs. . FuDdrai$ing Support: Covering costs related to fiwdrn"siDg activitics (e.& fund¢r r¢s¢aTth). . Tbe National L£sttery Community Fund: FuDdiDg foT our Progressioo Support WorkeT Team's Salari and associated costs. . Renovations". Futtdiog redecoration and maintenance. * Access to Work Grdnt.. Government grant funding supp)n an employtt. . FundraisTrn8.' Coveriti8 thc salary com for the Head of Fwthi5iT]g aDd a5sociaied fundraising eosts. . Set)ior ProamMe Manager aTKI core costs: Contributioll tOwaS tbe salary of ou¢ of our Sellior Progrdmmc Managers attd a contribution towards core cosls. Trainittg C¢ntre asset.. FuDding to iwve the traiDtDg cenue . Traillitig Centre Salaries: CoveriDg tb¢ salary costs lor the baking tC8chers and teacbing assistants. . Opportunities & PartiTr¢rships MaDaw: ContritNJtiOll toward tb¢ salary of our Opporiuniti¢s & Partn¢rthips Manager. Page 26
Luminary Limited Notes to tbe Financlal Statements for the Year Ended 31 Oetober 2025 These ure 1hefigure5fortheprevlo ucctNthtiMgperiod aHd4re inthidtdfv CO11PUry3es." Blattee at 31 October 2024 November 2f123 IDeoming resour¢e5 Resources expended Tr¥D5f¢rs Unrestricted Ggnernl General fiJnd6 75.829 385.037 (299,899) (7) 160,960 Restricted Prowamme costs (donations Ider £20k) PTogramm¢ costs Idonqtions £20k and over) 5,849 47,153 (28.669) 24,334 87,793 300.526 331,984) 56,341 Total restrtcted 93.642 347.679 360,653 80,675 T•¢81 funds 169.471 732,716 660,552 241.635 J6 Anxtysis of Det #ssets betwee• [d$ Unrestritied 202S Total funds Ge#erl Restr*¢ed Tangible fLxed assets Fixed asset iovestmeDts Current ass¢ts' Current liabililies Creditors over l ye4r 20.111 30.fK)I 286.542 .'(86,440) 12.093 32,204 30,001 387,402 {89,4621 (9.071) 351.074 100.860 (3.022) 19.071) Totsl n¢t &ss¢i$ 250.214 100.860 Unrostrlded ?024 Total IIiDds GeAeAI Re5trDcted Tangible fixed ets Fixed asset IDvrslJll¢nts Currtnl assets Iirreiit liabilities Creditors over I vear 25,089 30.(K)I 162.122 (56252) 15,115 40.204 30.001 242.79 1 (59.274) 12,093 80.675 (3.022) 112,093 Total net assets 160.960 80.675 241635 Paqe 27
Luminarv Limited Notes to tbe Financial Statements for the Year Ended 31 October 2025 17 Fees p4y8ble to kndepetsdent ei*mlDer During th¢ p¢riod. the fe&$ payable (excludwg VAD to the cbarity's independent ¢xamiD¢r are anaivs¢d a5 follows: 2025 2024 IndependeAt examitiatiott 1,850 1,850 1,850 1,850 18 Taxatio Tbe ch8rity is a registered charity arwj is th¢r¢fore ¢x¢mV frvm wratioll taxation. 19 Trustees remuneritioD xDd expense5 No trustees. rtor any persons conngcied with them. have received any Temwiernion from the charity during the y¢ar. No (r(te5 have received any reimtyjrsed expews or any other benefits from the charity during tbe yur. 20 Related party iransac¢Dort$ During tbe year the charity n)&4e thc followin8Telated party trattsa¢tiorts". . Luminary Bakery Ltd (Lvminary Limited has a sister OTgani5atsoD. LuTniw Bakery Ltd, wkn'cb is a social eniejprise creating employent and work expcricnce opp)ttuwti¢s for the trainees and waduates of the clwi'ty's progrdmme.) Ai the balan¢e sheet date the alnount due to Luminary Bakery Ltd Wds £2,632 (2024- £1.851). Page 28
Luminary Limited Notes to the Financial Statements for the Year Ended 31 October 21125 21 Filed Hsset InvestmeDI$ 21125 2024 Other investments 30.<K)I 30,001 Other inv¢strn¢hts Investment in assoei*tes Totsj Cojt or Valuatiott .4t l November 2024 30.1 30.001 At 31 October 2025 30.001 30,001 Net book value At 31 OLiober 2025 30.)1 30.001 At 31 (k'tober 2024 30.1 30,001 LuminaTV LitDited bas 8 signifi(1 minority sbarebolding ID Luminary Sak¢ry Lrd. At th¢ y¢4r ¢n(L LuJniDary Limited owlled 39% of the lotal sbare capitsl of i]nary Bakcry Ltd. Adth"tionally, IOYO of the total sbare capitsl is held in a quasi-tre&wry SIrlure.10[Cllded for furtlxet investrneni in Luminary Bakoy Ltd. Pag¢ 25