The Truelight Trust TRUSTEES, REPORT AND FINANCIAL STATEMENTS DORMANT ACCOUNTS FOR THE PERIOD 1 April 2025 to S April 2025 A CHARITABLE INCORPORATED ORGANISATION Charlty Number: 1209622 Contents Page Legal and administrative information Trustees annual report Accounlant's report Statement of financlal posltlon Notes to the accounts THE TRUELIGHf TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mrs J Hayward. Senior Trustee Mrs S Knight, Honorary Treasurer Ms J Dunham Mrs S Vening Mr S Collins Mr P Summerfield Audltors Branston Adams Chartered Certified Accountants Suite 2 Victoria House Soijth Street Farnham Surrey GU9 7QU Prlnclpal regl$tered addre88 Clare Pegden Adrninislrator POBox2 Liss Hampshire GU33 6YP Charlty Reglstratlon Number 1209622 THE TRUELIGHT TRUST ANNUAL REPORT OF THE TRUSTEES FOR THE PERIOD ENDED 5 Aprll 2025 The Trustees present their Report and Accounts of Ihe Charity for the period ended 5 April 2025. The charity remained dormant during the financial year and undertook no charitable activities. There was no income or expenditure during the period. The Iruslees are reviewing the future plans and activities of the charity. The financial statements have been prepared in accordance with the accounting policies sel out in note 1 to the accounts and comply with the charity's trust deed, Ihe Charrties Act 2016 and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Slandard applicable in the UK and Republic of Ireland published on 16 July 2014. 1. STRUCTURE, GOVERNANCE AND MANAGEMENT The Truelight Trust is a Charitable Incorporated Organisalion (CIO) unincorporated Trust created by Trust Deed dated 9th April 1973. It is a Registered Charrty, number 265855. The Trustees who served the Charity during the period were as follows: Mrs J Hayward, Senior Twstee Mrs S Knight, Honorary Treasurer Ms J Dunham Mrs S Vening Mr S Collins Mr P Summerfield The Truelight Trust's Trustees are elected by a majority vote of all the Trustees. In the past ten years our policies and procedures for induction and training of our Trustees have been called into play in six cases. In general, our policy is to seek potenlial Truslees who,. al come highly recommended by more than one referee already known to the Truslees, or b) are known already to one or more Trustees to be lik minded in temis of our objectives and activities {see 2 below) and who at the same time are able to contribute their knowledge and experience of the areas from where our income is derived (see 4 below). The pro￿dure is for Ihe potential trustee to be first interv￿ed by the senior trustee and the treasltrer and then, after discussion of the issues and accountabilrties relating to our part of the charity world, he or she will be invrted - subjecl to mutual agreement- lo attend our next three or four quarterly meetings as our guest. The Trustees will then discuss the appointment and vote on it. Provided the majorrty are in favour the Senior Trustee will then invite our guest to fomally attend our next meeting and complete the necessary documentation as a new Trustee. In terms of Iraining and getting familiar wrth our work, they are referred to the Trust Deed, we have developed a "Trustee's questions" letter.and we recommend that all Trustees should visit the Charity Commission's website at www.char commission. ov.uk from time to time to acquaint themselves with the gu¥Jelines for Trustees, the public character of charity, Ihe emergence of new charitable purposes, charrties for the relief of sickness, etc. In addition, we try to make opportunities for a new trustee lo "shadow. a more experienced trustee, possibly alongside our professional advisors, as we are constantly seeking to optimise particular aspects of our operations (see 2, 3. 4 and 5 below) 2. OBJECTIVES. ACTIVITIES, RISK MANAGEMEMf AND RESPONSIBILITIES The Charity purpose is lo make grants to other charitable bodies for the relief of all kinds of social distress and disadvantage. There has been no matenal change in the Trust's policy of making donations to mostly small local Charities dealing with all kinds of disadvantage, with preferences to neighborhood-based community projects and for innovatory work with less popular groups. The routine business of the Trust continues to be carried out on a voluntary basis by the Senior Trustee, the Honorary Treasurer and four further Trustees. During this year the Trust's Audilor has also agreed to assist in an advisory capacity. A part-time Administrator assists them. There are currently six Trustees in tolal. Decisions on Grants and the management of the Trust's assets continue to be made by the Board of Truslees as a whole at regular meetings. As Trustees of The Truelight Trust we are duty bound to demonstrate nol only competence, challenge, and knowledge of charity affairs, but lo make ourselves aware of any significant risks which Ihe Charrty may face on a regular basis and to ensure that the annual review of our financial and operational affairs carried out through our internal discussions and audit programme will provide sufficient resources to deal wrth any adverse conditions. As to any fresh and significant risks and responsibilities which the Charity may face in the future, we have been concerned that 'digital continurty" of documents {that is the ability to Ltse our information in the way we need, for as long as we needl and the availability of signatures re cheques and other legal documents can both be pul at risk by death, accident, changes in organisation. management. processes, technology, holidays, or travel. In practical terms, our information is only usable if we can find it, open it, work with it, understand it and trust rt. In order therefore for us lo maintain information continuity and the ability to do our business, we ensure that our Administrator acts as a hub for all information, and in case of accidenl that her information system will be understood and a¢￿ssible to at least one named Trustee. The Trustees have assessed the disclosures made in the Trustee's report and consider that these sufficiently detail the significant activrties undertaken in order to carry out the charity's aims for the public benefit. When planning the Charity's activitses, the Trustees have given regard to the Charity Commissions guidan￿ on public benefit. 3. ACHIEVEMENTS AND PERFORMANCE In the perii)d 1st April 2025 to 5th April 2025 the charty has remained dormant. 4. FINANCIAL REVIEW No transactions took place during this period. 5. PLANS FOR FUTURE PERIODS From the 6 April 2025 the charity will start to trade. The charity through its investments in propety and investment portfolios will generate income which it will then use to pay expenses, distribute to other charities and maintain the charity. 6. STATEMENT OF TRUSTEES, RESPONSIBILITIES The charity's Trustees are responsible for preparing the Trustees Annual Report and the financial statements in accordance wrth applicable law and UK accounting slandards (UK Generally Accepted Principles). The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charty and of the incoming resources and application of resources for the charity for that pefiod. In preparing these financial statements, the Trustees are required to.. select suitable accounting policies and then appty them Consistently., obseryè the methods ar¥J principlos of the Charitm Statthnert of Recomm￿d￿j Practice ISORP); make judgments arKI est#nates that are feasonabkn and PnKleni', state whfjt￿ applKabiè accountkng starKlardJ have been folkY•thl, subjwl to any mat*lal departurns disdowj 8nd oxploinod in th8 financial statoff￿ arKI proparo the fjnoncial 8tAtemerts on tho gotsw conwn b8si8 unlo89 it i• n0PFYopriat• to presum• that tho charity will contilue Kl OFwatron. Th8 trust￿ are rnsponsbble for keeping proper accounting re￿8 that di8¢lose wrth reasonable a¢¢￿a¢Y at any tlme the thanC1￿ p0s￿on of the charity and to enable them to ensure that the financial statements comply with the Chanbes Ad 2016, thè applicabkn Charities (Accounts and Repofts) Regulations, and the Provi￿On8 of thé TnAt de￿1. They ar• also responsible for safeguarding the awts of ts charity and tsking ￿a￿nable steps lor the wevention and detoction of fraud and oth•r bTTeguIarit￿$. Tho trustees are responsib￿ foi th8 maintenarte and inbJrfty of thé and financial informatK>n included on the charfvs website in accwd8nc8 wbth bgislabon in tho United Kinodom govwning th preparation ar)d dissominat￿n of financial stat￿nents. 7. D18CL08URE OF INFORMATION TO AUDITOR8 In so fw as the Tn￿te88 are aw8r•.' ttw• 18 no f*rfant a￿lIt *if(xmation of whKh the charity's auditors arn unwarn: and Iho Trust￿8 h8ve taken all stops that they ought to h8ve tak￿ to make themselves awarn of any relevant atKlit infonmatK)n and to ￿tablIsh that ts audltorn we of that infomiation. Signed on bthaff of tho Trustoos ol Tho Tru6light Tnmt by MrnJ 11 March 2026 Accountant's report to the Trustees of The Truelight Trust for the Period Ended S Aprll 2025 We have prepared the attached financial statements of The Truelight Trusl for the period ended 5 April 2025 from the accounting records and information and explanations supplied by the trustees. This report is made to the charity's trustees, as a body, in accordance with our engagement. Our work has been undertaken solely to prepare the financial statements in accordance with the requirements of the Charty Commission for England and Wales and applicable accounting standards. The financial statements have been prepared on the basis that the charty was domiant throughout the year, and accordingly there were no income or expenditure transactions dunng the period. Our work has not been carried out in accordance with auditing or independent examination standards and therefore no assurance is expressed on the financial statements. Paul Branston Adams For and on Behalf of Branston Adams Chartered Certified Ac¢ountants Suite 2 Victoria House South Street Farnham Surrey GU9 7QU 12 March 2026 Date Th• Twu•mark Trust Slat•nwnt of Flnanolal Poslllon A8 at 6 Aprfl 2025 FIXED *28ET8 T￿￿148 a880ts CURRENT ￿sEr3 Cash CREDrroR8: ET CURRENf PSSErs TOTPL A88Ef3 LE88 CURREKr LIPBILrriE8 THE FUND8 OF THE CHP411TY TOTPL FUN08 Th• fmanc*l Slatth)￿ *•rn •pwMd by tho Tr￿t00• Im ...11 ..H.:. :& Zoz6 and wwe syned on ther bthall by". J*/* Wir• Judy Hayw*rd Notes to the financial statements For the Period Ended 5 April 2025 1. ACCOUNTING POLICIES a) Basis of preparation and Going concern The financial statements have been prepared in accordance with the Statement of Recommended Practice.. Accounting and Reporting by Charities Preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102} issued on 16 July 2014 and the Financial Reporting Slandard applicable in the United Kingdom and Republic of Ireland {FRS 1021 and the Charities Act 2016. The financial statements have been prepared on a going concern basis. The Truslees have assessed the charity's ability to continue as a going concern and are satisfied that Ihis basis is appropriate. The trustees consider that Ihere are no material uncertainties about the Trust's ability to continue as a going concern. From the 6 April 2025 the charity will start to trade, see below section 5. The charity through its investments in property and investment portfolios will generate income which it will then use to pay expenses, distribute to other charities and maintain the charty- b) Incoming resources All incoming reSoUr￿S are included in the Ststement of Financial Aclivities when the charity has entitlemenl to the funds, certainty of receipt and the amount can be measured with sufficient reliabilty. c) Resources expended Resources expended are included in Ihe Statement of Financial Activities on an accruals basis. inclusive of any VAT which cannot be recovered. All expenditure has been classffied under headings that aggregate all costs related to the category. Costs that cannot be directty attributed to particular headings have been allocated to activrties on a basis consistent with use of resources. d) Member liablllties The members of the CIO have no liability to contribute to its assets and no personal responsibility for settling its debts and liabilities. 2. FINANCIAL COMMITMENTS At 5 April 2025 the charity had no financial commitmenls. 3. RELATED PARTY TRANSACTIONS There were no related party transactions in the year. 4. TAXATION The Truelight Trust is a registered charity and therefore is not liable to income tax or corporation tax on income derived from rts chaTrtable activities, as it falls within the vanous exemptions available to registered charities. 5. SUBSEQUENT EVENTS On 6 April 2025. the activities, assets and liabilrties of The Truelight Trusl and The Inlight Trust were transferred to The Truelight Trust Limited {company number CE0372161. an incorporated charitable company. Following this Iransfer, both The Truelight Trust and The Inlight Trust have ceased to operate as an unincorporated charity, with all future activities being undertaken by The Truelight Trust Limited. From 6 April 2025 The Truelight Trust commenced trading.