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 H￿JSE 111 A21 #157 Lumin*ry Limited Contents Reference and Admiu1st￿1ve Dethils Trus*es' Re￿)rt 2tolO Independeni Examine¢s Report Sta¢¢nxni of Financtal A¢tiTritits 12 to 13 Bala[￿¢ Shttt 14to15 s￿￿ettI 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 Comp*tty Registr*tion Nnmbtr 11651624 Reglstered Offlte 47 Chalk Farni Road NWI 8LI IndependeDt Examiner Eva steve￿5, eEnploye£ of Conununity Ac¢ountin¥ Ph u￿lts 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 (aPPOiD*d 2 DeceJJLber 2025) Cwl Lo￿BItY (appoiDted 2 De£ember 2025) Jiarnin Wu (appointcd 2 Dexetsjber 2025) Rosy Phr"Ilips {appoin*d 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 rtsi￿rd 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. Tn￿tee vacancies are advertised externally and applicants are 5hortlisted and interviewe4J by a panel of trustres. OTganisation leade￿hIp 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 overVi￿V of the organi5atioD arml our Hvrk, safeguarding. trustees. governance respoDsibdilies. Trusfees are also required to arteDd safeguard￿8 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 part￿1pate in ty2ining one a]M)ther for the tr*nefit 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 Tn￿l¢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 t8￿bilitIes. competencies and skil]s to be carried out in accordance with christia￿ values aud pnn¢iples." To acht.eve this pwpose, Luminary Woll￿n 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 de￿1vatiOn. 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 selfme#w. Èhar helped.be¢4we wlf¢re I comefro#È-for me to back into the system - I needed a lot ojhelp. There were th￿Ss 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 l￿frIe1¥d1Y and ihal kelped me. li wLf all￿ri 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 (￿VIE￿oryp(￿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 rnak￿g a mea010gfi￿ impact on our work and the wtsmen we support Pttblic benef In setting our objectives and planning our activities ihe trU￿e¢S hav¢ giv¢n carefvl consideration io the Charitv ComTnission's publi¢ b&)efiL guthnce. The Iwsw CO￿81der how planned activttse5 will contribute to Ihe aims ano Obl￿tiveS 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¢rform*o¢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 i￿lependenCe outcknmes every six months usirtg Red. Amber. Green (RAG) ￿lTrg. The independence Ou￿OrneS 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 [W￿Year prO￿￿The 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 fErka￿tIal 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[Dployu￿I. Th¢5e place￿Ients Dot only provide PJ3Uical skn.lls also boost confidence, build netWo￿S 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 inve￿ed 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 comple*d six-month apprenticeships with Luminary Bakery. one in the café and one in the bakery. A further two women undert￿k tWOTrmonth apprenticeships with an ¢xtemal corp)rare partner. marking an exciting new opportunity intr￿1￿ced 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¢1￿Ls 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 2￿25) Increasing tbe of women totnpleting the Lumikn&ry pro8r*Thme To support this prioriry, Progffssxon Supwrt Worker team Wds tnaintsned at 5.6 FTE, ellsuring that I￿11￿)dUal caseloads did not exceed 20 womeL Durnjg thi5 reportiog period. the ¢harity secured fvDdiog from Tbe National Lottery Cr￿unity Fund to fi￿d 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 L￿￿l￿ary 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. Su￿Orryng womeo to Teflect and tell stories. on their tern)s and io their owll words. is central to our approach and learniDg. Finanei81 re￿e￿ 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. L￿kIng ahead to 2025-2026, we aim to fvrtber 5trents ow fuwicial resilience. i￿1￿1ng divetsifying OIN funding 9tre4ms. PoliLy on ruerves LumTrnary W(¥men d¢fin¢s reserves as "an all0vn￿l Orw)￿StrIC￿d 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 tsnresiric￿d (fre4) reseTves.ai a level between ihree and six months of n]nning costs. This will be achieved through r¢gu]ar monthly tra￿Sfer5 into tht designated 8avillgs accoutsi. alongside th¢ cont￿u¢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 cO￿S]d¢￿tIOll LS given to ivays in wkn.ch additional fi￿d% can be raised. In the UDlikely event of the charity having to be WoU￿j 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 F￿8￿4￿ll￿ are in Employll)eDL Educatio￿ Volunteering or Training. 8￿/) of wom¢D who compkne IMLr tw¢>year Progr￿ Teach It￿epend￿￿e. measuTa througb our iDd¢pcttdence it)dicators. As part ofdevtloping Luminary's strategy. in the fim*Dtiil 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 & ¢l￿r, 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 increa￿8 reserves. IdeTrtify 4nd bvild new str*t¢gic partn¢rship5 We want to reAear¢h and actively engag¢ n¢w partrws.. r¢ferr81 organisations. other C￿￿titieS. I(￿1 authorities alld cxtern81 Wo￿lIac¢ 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 fI￿n¢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 sis*r organisation. Lumittary Bakery Ltd. wbich is a wRal enter￿ls¢ 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£￿ c￿rdinatiOn and joint Strate￿C thisions. Luminary Limited b&s a signifiLattt mi(Lority sharehold￿8 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 tr￿Stee. 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. Sm*il eomp4nits provision ststtD)ent This report ba5 been PL"epared itl accordance with ibe small cOMpa￿leS tegitne ullder the Companies Act 2006. Statement of Responsibiliti The tntstees (who are also the dI￿rOrS of Luminary Limited for the purposes of company law) are responsible for pttparing the tn￿ree$, rcport arKI the financtal statements in accordance with applicable law and Unittd Kingdom A￿oUnting Sthndar(Ls (unl￿d 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 Str￿Ments.. 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 rea￿ttable Steps for the prevention and detection of fraud ard otb¢r irr¢gulariti The trustees are responsible foT the Maintena￿ and inle￿ity of thc c4)ry)orate and financial mforn]aiioE it)cluded on the charithble compan￿S 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$ponsibili¢ies byuis of report As the ¢han'ty's wst¢es of th¢ Compaoy (and also its diT¢Ctors fTr- the purpos¢s of cOMpa￿Y law) you are responsible for the prqwation of the accounts in accordallce with the requirements of the Compallies A¢t 2006 ('the 2006 Act.). Having satisfied myse]f that tbe accounts of the Company are llot required to be audited under Part 16 of the 2006 Act and are eligible for independent examin￿)0￿ I report in respect of my examination of yOLLr cbwity's accouots as Carried out wider scction 145 of the Charitics Act 2011 ('th¢ 2011 Act,). In out my ¢xamination I have followed ihe Directions given by the Cbarity Conunission under stttion 145{5Xb) of the 2011 Act. lttdependent examiner's stxtemnt Since the CoTnpany's gross illcome exceeded £250,0(M) your exarniner rn￿$t be a memTr*r 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 mernF*r of the Charterd Institure of Public Finance and Accountancy (CIPFA), whi¢h is Crfle of the lisied bodies. I have compkned my examiDation. I caring 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 bU￿rit 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 notif￿d 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 reCo￿lS£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 petI￿S 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 ca￿￿1 b¢ diTe¢tly attributed io particvlar headings they have bee¥J all￿ated on a blgis consis*nt 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. R47￿1￿8fmAdS Tbese ktre eosts ittcurred iti attrxting voluntary iThxme, the ￿￿￿gern￿t 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 aN￿Oled to activity ￿$t caregories on a basis cousis*nt 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 sta￿lory requirements. including audii strategic mallagement aDd trus*es 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 s￿h income or gains ar¢ applied exclusively to ¢han"thble purposes. T#DgSble fjxed *ssets Individu￿ r￿ed &ss¢ts costing £500.00 or nxJi¢ are initially recoTded at cosi less any subsequettt accumulated d¢pr￿lation alld subsequent aCLW[nula￿d 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 r*te 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¢ i￿lI￿¢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 Fin￿claI 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 peTfoIll￿d irt the ordinary course of business. Trade debtors ar¢ ￿0g￿lS¢d initially ai the transaction price. They ar¢ subwuently measutrd at amortjsed cost using the effective interest meth(ML Itss provision for impalm￿nI. 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 i￿818￿1ficanf 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¢ p￿sCOtcd 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 obl￿tIVeS 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 Lumin*ry 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 pa￿tftts exceed the contributson du¢ for servt¢e. the excus is recogntsed &$ a pr¢paymenl. 2 Intome from don*tio•s kgacies Unrthrided fund5 Geneul Restritted rund$ Tot*l 2025 Total 2024 Dollations lega¢i¢s: Donations from companies atsj similar pnKeeds Donations from individuals Gift aid r￿lair0ed 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 Tot*1 2025 Totsl 2024 Interest receivable and $irnilar income- Interest receivable on baJ)k deposits 1.529 1.529 979 4 Expendlture on r*islng funds #) Costs of generAtltsg dott*ti•ns and leg8¢ie5 UArestr5cted lunds Total 2025 Tolal 21J24 ruDd5 Fulldrdising & outreacb 4,407 25.875 30282 Page 20 Luminary Limited Notes to the Financial St21eo)ents for the Year Ended 31 October 2025 S Expendithre on eh#rht4blè *etlvlties Uwre5trieted funds General Restricted Tot*1 2025 Total 2024 Course (Pba5e l & 2 training) Ernployability Staff r¢¢witsn¢o( wtitbttng, training & su￿rViSIO HR costs Staff costs (Salari&s. Nl & pension) Programme costs Progress100 SUPPQrt WomeD'S en8a8emtDt & ornn]unity leawng Rent, rates & utilitits Depreciation Governance & support costs Inore 2,582 9,983 625 12,565 2.621 13.481 99.602 4.581 11.871 322,134 14.557 9.615 148,499 11.629 11261 19.138 21.486 470.633 11.629 13.725 19.201 349,839 10,938 16.818 9.137 2,443 4,206 32.596 4.978 2.562 s.￿5 4.206 61.914 2,228 2.299 41.387 29.3 18 3.022 81 20,148 14.827 34.975 36.21 416,672 255,898 672.570 613,734 ItLcluded in ext)endityJre analvsed above. there 8r¢ also governance & SUpr￿rt costs of £34,975 (2024- £36216) wbi¢b relate directly lo charitable activities. See note 7 for fitttrr ddail& Page 21 Luminary Limited Notes to the Financial Statements for the Year Ended 31 October 2025 6 Staff costs The aggregate p8vroll costs weTe 8$ follows: 2025 2024 Staff ¢05ts during the ye*r were: Wages and 5alaric5 s￿la1 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 emoLu￿￿￿ts of rnre than £60.IKKI during the year. Th*ioial employee benefits of the key mawement perso￿￿1 of thc cbaTity were £60.617 (2024- £51.305). 7 An*ly$is •f govern8nce 9￿ppOrt Costs Support e05ts iJDrtstri¢¢ed funds Gener•1 Restri¢trd funds Tot*1 2025 Total 2024 L¢gal & profr&siottal Insurance Geoeral office costs FiDaDCE costs 12.320 3.746 1.492 370 8209 20.529 7.155 4,559 521 21,194 5,309 7,057 436 3,058 151 17.928 14,827 32.755 33,996 Page 22 Luminary Limited Notès to the Financial Statements for the Year Ended 31 October 2025 Covern¥Dce costs UDre5trKted funds GerAernl Total 2025 Total 2024 Independeat examiner ftts Examination of the financial stat¢nxots 2,220 2220 2.220 2,220 2.220 8 Tallgible r￿ed Other fkxed Assets irnprovements Toul Cost Ai l November 2024 78,984 1,021 80,005 At 31 Ociober 2025 78,984 1.021 80,005 Depre¢ia¢lon At l Novernkr 2024 Cbarge for the year 39.4 7.898 311 102 39.801 Ai 31 October 2025 47.388 413 47,801 r4et book value Ai 31 Octob¢r 2025 31.596 608 32,204 At 31 (ktober 2024 39.494 7lO 40,204 9 Debtors 2025 2024 Prepayments A¢crneAI ittcome Other debtors 7,782 50.720 15.86ts 3.213 -1.213 10 Cash and c8sh 2025 2024 Cash on haDd Cash at bank 50tI 239,084 312.540 13.040 239.584 Pagc 23 Lum7nAry Limiled Notes to the ThaDcial Statements for Ihe Year Ended 31 October 2025 JI Creditors: IimoilDts failing due withio ome yur 2025 21)24 Trxde ereditois Due to group llndertakin8S Other t￿￿tIoN and social stturity AccTuals Defe￿ed 7,646 2,632 18.751 57.41 3.022 6.343 1.851 11.541 36,517 89.4(Tr2 59.27a 12 Creditors: llo￿ll￿ts falling due gfter ont ye*r 2025 2024 Defe￿d iD¢on 9.071 12.093 13 OblSg*tloDS under luses hire purthw ￿￿traCts Oper2tlng k2se COJDmitrynts Total futllr¢ minimum le&ye paymits under nOn•C￿lIable opetaiiDg1¢&s¢s are as follows.. 2025 21124 LgDd and buildings Within one year Betw¢¢n one and five yEats 66.750 136.104 66,750 202 854 202.854 269.604 The clwity is the lessee of two pro￿]¢$ which it sbares wa8e and costs with its sister company LuTniu Bakery Ltd. 14 ChArity statss The charity is a cOmp￿Y ]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 liquid￿lOn. Page 24 Lulninary Limited Notes to the Financial Statements for tbe Y￿r Ended 31 October 2025 IS Funds Balanee *¢ Balance at 31 October 2025 November 2024 r¢sollrt¢5 eXpe￿ded 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 P￿ramme Costs Counselling and Core C(ysts Fundraising Support R￿EbIng communiti￿partnerShIPS (The National Lottery c0￿[￿u￿lty 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 ba18A*es to fh¢ i￿liVIdUal Sjr￿s 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 ￿P￿Ill8 further eth￿tiOn 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 Pro￿amMe Manager aTKI core costs: Contributioll tOwa￿S 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 CO￿￿￿11￿PUry￿3es." B*lattee 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#er*l 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 employ￿ent 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.