**CHARITY REGISTRATION NUMBER: 1202287** ## **ILLUMINE US** ## **Unaudited Financial Statements** ## **31 March 2025** ## **WHITESIDE AND DAVIES** Chartered Certified Accountants 158 Cromwell Road Salford M6 6DE ## **ILLUMINE US** ## **Financial Statements** ## **Year ended 31 March 2025** ||**Page**| |---|---| |Trustees' annual report|**1**| |Independent examiner's report to the trustees|**3**| |Statement of financial activities|**4**| |Statement of financial position|**5**| |Notes to the financial statements|**6**| ## **ILLUMINE US** ## **Trustees' Annual Report** _**(continued)**_ ## **Year ended 31 March 2025** The trustees present their report and the unaudited financial statements of the charity for the year ended 31 March 2025. ## **Reference and administrative details** |**Registered charity name**|ILLUMINE US| |---|---| |**Charity registration number**|1202287| |**Principal office**|66 Cranwich Road| ||London| ||N16 5JF| |**The trustees**|| ||Mr M Margulies| ||Mr S Brunner| ||Mr Y Y Gluzman| |**Independent examiner**|David Pollak| ||158 Cromwell Road| ||Salford| ||M6 6DE| ## **Structure, governance and management** Illumine Us is constituted under a Foundation dated 13 March 2023. It is a registered charity with a charity number being 1202287. Trustees in year were Mr M Margulies, Mrs S Brunner & Mr Y Y Gluzman. Recruitment and appointment of new trustees would be in line with the Trust Deed and with the consent of the trustees. The criteria set for the suitable candidate would be someone who is sensitive to the needs and demands of the organisation. All major decisions are taken collectively by the trustees and all the trustees give of their time freely. The trustees are unpaid and details of any related party transactions are disclosed as applicable in the notes to the accounts. The arrangements for setting the pay of the charity's employees are the sole domain of the trustees. ## **Objectives and activities** The objects of the charity are: To relieve the needs of individuals experiencing disadvantage by reason of their youth, age, infirmity or disability and isolation by the provision of a social group to deliver recreational and leisure time activities in the interest of social welfare designed to improve their conditions of life. ## **Public benefit** The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit and in particular to its supplementary public benefit guidance on advancing education when reviewing the charity's aims and objectives and in planning future activities and setting grant making policy for the year. **1** ## **ILLUMINE US** ## **Trustees' Annual Report** _**(continued)**_ ## **Year ended 31 March 2025** ## **Achievements and performance** The trustees are pleased to report that the charity was able to further its charitable objectives by relieving the needs of disadvantaged young people through the provision of grants, meals, and emotional support. Considering that this was the charity’s first year of operation, the trustees regard it as a successful year and expect the charity to grow in the coming year. ## **Financial review** During the year, the charity received £17,610 in donations, with £14,693 applied directly to charitable activities. All remaining expenditure, including support costs, was carefully controlled and kept to the minimum necessary to ensure that the maximum possible resources were directed towards fulfilling the charity’s charitable purposes. ## **Reserves policy** The trustees retain reserves as necessary and where appropriate, consolidate funds in order to make more substantial grants which they feel to be appropriate. The free reserves of the charity, being the net current assets of the charity, amounted to £1,387 all of which are unrestricted. The trustees' annual report was approved on 19 January 2026 and signed on behalf of the board of trustees by: Mr Y Y Gluzman Trustee **2** ## **ILLUMINE US** ## **Independent Examiner's Report to the Trustees of ILLUMINE US** ## **Year ended 31 March 2025** I report to the trustees on my examination of the financial statements of ILLUMINE US ('the charity') for the year ended 31 March 2025. ## **Responsibilities and basis of report** As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’). I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or 2. the financial statements do not accord with those records; or 3. the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. D Pollak Independent Examiner 158 Cromwell Road Salford M6 6DE **Whiteside and Davies Ltd** **3** ## **ILLUMINE US** ## **Statement of Financial Activities** ## **Year ended 31 March 2025** |||**2025**|**2025**| |---|---|---|---| |||Unrestricted|| |||funds|**Total funds**| ||**Note**|**£**|**£**| |**Income and endowments**|||| |Donations and legacies|**4**|17,612|17,612| |||----------------------------|----------------------------| |**Total income**||17,612|17,612| |||============================|============================| |**Expenditure**|||| |Expenditure on charitable activities|**5,6**|16,226|16,226| |||----------------------------|----------------------------| |**Total expenditure**||16,226|16,226| |||============================|============================| |||----------------------------|----------------------------| |**Net income and net movement in funds**||1,386|1,386| |||============================|============================| |**Reconciliation of funds**|||| |Total funds brought forward||–|–| |||----------------------------|----------------------------| |**Total funds carried forward**||1,386|1,386| |||============================|============================| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. **The notes on pages 6 to 10 form part of these financial statements.** **Whiteside and Davies Ltd** **4** ## **ILLUMINE US** ## **Statement of Financial Position** ## **31 March 2025** |||**2025**| |---|---|---| ||**Note**|**£**| |**Current assets**||| |Cash at bank and in hand||8,196| |**Creditors: amounts falling due within one year**|**12**|6,810| |||-----------------------| |**Net current assets**||1,386| |||-----------------------| |**Total assets less current liabilities**||1,386| |||-----------------------| |**Net assets**||1,386| |||=======================| |**Funds of the charity**||| |Unrestricted funds||1,386| |||-----------------------| |**Total charity funds**|**13**|1,386| |||=======================| These financial statements were approved by the board of trustees and authorised for issue on 19 January 2026, and are signed on behalf of the board by: Mr Y Y Gluzman Trustee **The notes on pages 6 to 10 form part of these financial statements.** **Whiteside and Davies Ltd** **5** ## **ILLUMINE US** ## **Notes to the Financial Statements** ## **Year ended 31 March 2025** ## **1. General information** The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 66 Cranwich Road, London, N16 5JF. ## **2. Statement of compliance** These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011. ## **3. Accounting policies** ## **Basis of preparation** The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. ## **Going concern** There are no material uncertainties about the charity's ability to continue. ## **Judgements and key sources of estimation uncertainty** The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. ## **Fund accounting** Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds. **Whiteside and Davies Ltd** **6** ## **ILLUMINE US** ## **Notes to the Financial Statements** _**(continued)**_ ## **Year ended 31 March 2025** ## **3. Accounting policies** _**(continued)**_ ## **Incoming resources** All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: - income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. - legacy income is recognised when receipt is probable and entitlement is established. - income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. - income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. ## **Resources expended** Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: - expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. - expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. - other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. ## **Financial instruments** A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. **Whiteside and Davies Ltd** **7** ## **ILLUMINE US** ## **Notes to the Financial Statements** _**(continued)**_ ## **Year ended 31 March 2025** ## **3. Accounting policies** _**(continued)**_ ## **Financial instruments** _**(continued)**_ Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. ## **4. Donations and legacies** ||Unrestricted|**Total Funds**| |---|---|---| ||Funds|**2025**| ||£|**£**| |**Donations**||| |Donations|17,612|17,612| ||============================|============================| ## **5. Expenditure on charitable activities by fund type** ||Unrestricted|**Total Funds**| |---|---|---| ||Funds|**2025**| ||£|**£**| |Charitable activity|14,963|14,963| |Support costs|1,263|1,263| ||----------------------------|----------------------------| ||16,226|16,226| ||============================|============================| **Whiteside and Davies Ltd** **8** ## **ILLUMINE US** ## **Notes to the Financial Statements** _**(continued)**_ ## **Year ended 31 March 2025** ## **6. Expenditure on charitable activities by activity type** ||Activities|||| |---|---|---|---|---| ||undertaken|
Grant funding|Support|**Total funds**| ||directly|of activities|costs|**2025**| ||£|£|£|**£**| |Charitable activity|12,861|2,102|183|15,146| |Governance costs|–|–|1,080|1,080| ||----------------------------|-----------------------|-----------------------|----------------------------| ||12,861|2,102|1,263|16,226| ||============================|=======================|=======================|============================| ## **7. Analysis of support costs** ||Analysis of|| |---|---|---| ||support costs|**Total 2025**| ||£|**£**| |General office|183|183| |Governance costs|1,080|1,080| ||-----------------------|-----------------------| ||1,263|1,263| ||=======================|=======================| |**Analysis of grants**||| |||**2025**| |||**£**| |**Grants to individuals**||| |Grants to individuals||2,102| |||-----------------------| |Total grants||2,102| |||=======================| ## **8. Analysis of grants** ## **9. Independent examination fees** ||**2025**| |---|---| ||**£**| |Fees payable to the independent examiner for:|| |Independent examination of the financial statements|1,080| ||=======================| ## **10. Staff costs** The average head count of employees during the year was Nil. No employee received employee benefits of more than £60,000 during the year (2024: Nil). ## **11. Trustee remuneration and expenses** No remuneration or other benefits from employment with the charity or a related entity were received by the trustees. **Whiteside and Davies Ltd** **9** ## **ILLUMINE US** ## **Notes to the Financial Statements** _**(continued)**_ ## **Year ended 31 March 2025** ## **12. Creditors: amounts falling due within one year** ||**2025**| |---|---| ||**£**| |Trade creditors|2,430| |Accruals and deferred income|1,080| |Other creditors|3,300| ||-----------------------| ||6,810| ||=======================| ## **13. Analysis of charitable funds** ## **Unrestricted funds** |**Unrestricted funds**||||| |---|---|---|---|---| ||At|||**At**| ||1 April 2024|Income|Expenditure|**31 March 25**| ||£|£|£|£| |General funds|–|17,612|(16,226)|1,386| ||==============|============================|============================|=======================| |**Analysis of net assets between funds**||||| ||||Unrestricted|**Total Funds**| ||||Funds|**2025**| ||||£|**£**| |Current assets|||8,196|8,196| |Creditors less than 1 year|||(6,810)|(6,810)| ||||-----------------------|-----------------------| |**Net assets**|||1,386|1,386| ||||=======================|=======================| ## **14. Analysis of net assets between funds** **Whiteside and Davies Ltd** **10**