REGISTERED COMPANY NUMBER." 00458404 (England and Wales) REGISTERED CHARITY NUPABER: 207312 Re ort of the Trustees an Financial tatemen for The Socie Of The Inner Ll ht Llmlted Guymer King Llmlted 4 Stono Street Court Stone Slreet Hadleigh Suttolk IP7 6HY
The Societ Of The Inner Li ht Limited Contents of the Financial Statemen lor the Year Ended 30 June 2023 Page Report of the Trustees Independent Examiners Report Statement of Financial Actlvllles Balance Sh881 Notes to Ihe Financial Statements 8 to 13 Detall8d Statement of Flnanclal Activttles 14 to 15
The Socie Of The Inn rLi Re ort of the Tnjstees for the Year Ended 23 Thg trustees who are also directors of the charity for the purposes of th8 Companies Act 2006, present their report with Ihe flnanclal statemenls of Ihe charity for Ihe year 8nd8d 30 June 2023. The trustQ8s have adopied the provisions ol A¢Unting and Reporting by Charities: Statement of Recommended Praclice applicable to charities preparing their accounts in accordan¢8 With the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 {elfective 1 January 20191. OBJECTIVES AND ACTIVITIES Objectlves and alm5 The objecls of the charity are to promote. Inculcate, propagate and carry on the study and teachlng of Iheology and mgtaphysical religion and do all things incidental to the advancgment Ihereof.The objects also enable the Society to hold devotlonal and public meetings, 18clures, exhibltlons and classes ol an educalional and splrltual character, to establish and carry on schools and colleges, to construct temples of worship and other Inslltutlons for religious s8tvic8s and to supervise, unify, promote and generally administer Ihe activlties of the members of the Soclety In tha fUlIMent of their religious off ices, duties and ideals. to ach18ve these oblects the charlty engages In a number of a¢tlvltle8. Slgnltlcanl actlvltleg The Society is run purely by voluntary help. No volunleers are paid for thelr work although expenses are covered but only in case of need. Volunteers continue to glve limg generously. Publlshlng The Soclety publlshes learned artlcle8 an(S books on theology and mystlclsm and esoterlc thought in both print and via eleclronic media. Redwheel Weiser Publishers contlnues to operate on our behalf for our readers in the United States and worldwlde in relation to the Socletys Estate. Courses The society continues to provlde a sUpeIsed oorrespondence course, Its length as a preliminary to admission b8ing on8 year. Courses Involve studies in mysticism, ethics, theology, as well as esotoric thought and practlce. Coursework is set and marked by a number ol sup8Nisors under the overall supeNision of the Diractor of Sludles. The Society Is keen to maintain hlgh academic and personal standards Irom its members and Its study courso students. Centre {"Th8 House") The Society continues to USO Its headquarters at 38 Steole's Road NW3 as an opgn centre lor the Society's members where Ihey can attend meellngs. lectures and talks organlsed by the Society. The centre is also open for prayers and meditation In an area specially set aslde. Overnight accommodation Is avallable to Society members and guests when necessary. The Trustees contlnue to spend funds carefully to keep the centre In good order. The Society recelved a settlement Irom thelr Insurers in the year whlch will be spent in 2023124 on various subsidence issues. Publlc beneflt The Trustees confirm that they have complied with the duty In section 17 of the Charities Act 2011 to have due regard to public benelit in determining the activities undertaken by ihe Charity. Page 1
The Socie Of The Inner Ll ht Limited ort of the Tnjslees for the Year Ended 30 June 2023 OBJECTIVES AND ACTIVITIES Grantmaklng Last year a grant was mad8 in respect of a Dion Fortune seminar. This year no grants were made. FINANCIAL REVIEW Investment pollcy and objactlves There are no reslrictlons on the Soclevs power lo Invest but the Soclety conllnues to be satlsfled that the most approprlale policy for investing their funds are the specialised unit trusts designed lor the charity sector. The Society continues to invest in Charibond Charities Narrower Range Common Fund and the Equities Investment Fund for Charities ICharibond}. Thelr portfolio continues to be managed by M&G Securities Limited. The Council consid8rs th8 SoGiely's Investments to b8 managed judiciously by M&G in Ihe face ol the conlinu8d 8conomic impact ol Geopolitical events in the world. It is anticipated that th8 Flxed Income will provide some stability, whilst It Is hoped that the Shar8s will continue to recover any losi ground over time. The Society does not intend to realise capital losses. R6serveg pollcy The Councll are in continuing discussSon wllh the m8mbership wlth regard to the current activitles of the Soclely and addFllonal means to carry out the oblects. A fundamenlal factor being a contlnuous review ot Ihe Society's res8Nes pollcy. 11 is being considered to S8t up a spgcifi¢ reserv8 lo meet luture buildings and maintenance GostB. STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng document The charity is controlled by its Memorandum and Articles of Association and constilules a limited Company, limited by guarant69, as defined by the Companias Act 2006. Organlsatlonal $truclur8 Th8 directors ol the company are members of the Council ol Management (the "Council'}, who are also ils trustees for the purposes ol charity law. Tha Council are self-appointing and must be members of the charity to be se18Cted for appointment. The Artlcles provide Ihal the Councll may choose to specify a term of office but, if no term is so speclfied, a Trustee shall remaln untll they cease to hold ollice due to disquallflcation, removal or death. The number of Trustees shall nol be less than three nor more than twelv8. REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Company number 00458404 (England and Wales) Reglstered Charlty number 207312 Reglstered offlce Providence Houso 141-145 PrInS Street Ipswlch Suffolk IP11QJ Page 2
The Socie 01 The Inner Li ht Limit d Re ort of the Trustees for the Year Ended 30 June 2023 Trustees Mrs P Arthy Relired A R Boyle Psychotherapist C P Gilson Teacher Professor S R Harrop Professor Emeritus J Paternoster Retired Dental Surgaon Company Secretary Birkgtts Secretaries Limited Indépendent Examlnor Guymer King Limited 4 Stone Street Court Slon8 Street Hadleigh Suffolk IP7 6HY Approvéd by order of Ihe board of trustees on behalf by.. and Signgd on ts A R Boyle - Trustee Page 3
Inde endent Examiner's Re The Socie 01 The Inner Li ort to the Trustees of ht Limited Independent examiner's report to the trustees of The Soclety Of The Inner Llght Limited {'the Company,) I report to the charity trustees on my examlnalion of th8 accounts of the Company lor the year ended 30 June 2023. Responslbllltles and basls of report As the charity's trustees of the Company {and also 115 directors for Ihé purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Acl 2006 Cth8 2006 ACVI. Having satisfied myself that the accounts of the Company ar8 not required lo be audited under Part 16 of the 2006 Act and are eliglble for Independenl examinatlon, I report in respect ol my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 AcV)- In carrying out my examination I have tollowed Iha Dlrectlons given by the Charity Commission under Section 14515} (b) ol the 2011 Act. Independent examlner's statement I have completed my examinalion. I confim that no matters have come lo my altentlon In connection with the examination giving me cause to believe: accounting records were not kept in respect of th8 Company as required by Section 386 of the 2006 Act; or the accounts do not accord wlth those records., or the accounts do not comply with the accountlng requlremenls ol Section 396 of the 2006 Act other than any requirement that the accounts give a tru8 and fair view which is not a matt8r considered as part of an Independent examination; or the accounts have not been prepared in accordance with the methods and principles of Ihe Statement of Recommended Practice for accounting and reporting by charltles (applicable lo charitles preparing thelr accounts in accordance wlth the Flnanclal Reporting Standard applicable in the UK and Republic of Ireland (FRS 102}). I have no concerns and have come across no other matters in connection with the examinallon to whlch attentlon should be drawn in this report in order to enable a proper understanding of the accounts to be reached. VIGty-* David Guymer King FCCA ATII Guymer Klng Limtted 4 Stone Slreet Court Stone Street Hadleigh Suffolk IP7 6HY LgLI Page 4
The Socie OfTh Inner Li ht Limite Statement ol Finan l Activities lor the Year Ended 30 June 2023 30.6.23 30.6.22 UnrestriGted Tolal fund lunds Notes INCOME AND ENDOWMENTS FROM Donatlons and legacies 7,728 7,627 Charltable actlvitles Publishing and other aclivities 12,214 22,581 Investment Income Total EXPENDITURE ON Charitable actlvltles Publishing and other activities Granls Centre Running costs 'House" Support costs and admlnistration 75 75 600 27,332 14.254 23,236 Total 42,261 Ngt gainslllosses) on investments 71202) 57 191) NET INCOMEI(EXPENDITURE) {42.946) {20.481) RECONCILIATION OF FUNDS Total funds brought forward 1,351,215 1,371,696 TOTAL FUNDS CARRIED FORWARD 1308269 1351215 The notes form part of these finanGial statements Page 5
The Socie Of The Inner Li ht Limited Balan Sheet 30 June 2023 30.6.23 30.6.22 Unrestrlcted Tolal fund funds Notes FIXED ASSETS Tangible assets Investments 46,527 47,202 1 101 136 1 172338 1,147,663 1.219,540 CURRENT ASSETS Debtors Cash al bank and In hand 10,902 178 609 12,462 124527 189,511 136,989 CREDITORS Amounts falling due within one year (28,9051 (5,314) NET CURRENT ASSErs 160,606 131,675 TOTAL ASSETS LESS CURRENT LIABILITIES 1,308,269 1,351,215 NET ASSETS 1308 269 1351215 FUNDS Unrestricted funds 10 1,308,269 1351 215 TOTAL FUNDS 1308 269 1,351 215 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 lor the year ended 30 June 2023. The members have not required the company to obtain an audit of its financial statem8nts lor the year ended 30 June 2023 In accordance with Section 476 01 the Companies Act 2006. Th8 trustees acknowledge their responslblllties for (a) ensuring that the charitable company keeps accounting records that comply with S8ctions 386 and 387 of the Companies Act 2006 and (b) preparlng flnanclal statements which give a true and falr vlew ol the slate ol affalrs of the charitable company as at the end of each financial year and of ils surplus or deficit lor each flnanclal year in accordance with the requirements ol Seclions 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to linancial statements, so far as applicable to the charitable company. The notes form part of these financial statements Page 6 continued...
The Socie Of The Inn rLi ht Litnited Balance Sheet- c June 2023 ed These financlal statements have been prepared in ac¢ordance with the provislons applicable to charitable ¢ompanies subject to the srnall companies regitne. The lin ial statemgnts were approved by the Board of Trustees and authorised for issue on i&L%,,,............... and were slgned on Its behalf by: A R Boyle - Trustee The notes form part of Ihese financlal statements Page 7
The Socie Of The Inner Li Limited Notes to the Financial Statements for h8Y8 rEnd June 2023 ACCOUNTING POLICIES Basls of preparlng the flnanclal 8talement8 The financial statgmenls of the charitable company, which is a public benefit entity under FRS 102, have been prepad in a¢¢ordance wilh the Charities SORP IFRS 102) 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts In accordance wlth the Financlal Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 (effective 1 January 2019),, Financial Reporting Standard 102 The Financial Reportlng Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under Ihe hlstorlcal cost convention, with the exceplion of inveslrnents which are included at market value. as modlfied by the revaluation of certain assets. Income All income Is recognised in the Slalemenl of Financial Activities once the charity has entitlement to th8 funds, it is probable that the income will be received and the amount can be measured reliably. Expendllure LiabilitSes are recognlsed a8 expendlture as soon as there is a legal or construclive obligation committing the charlty to Ihal expenditure, il is probable that a transfer of economic benefits wlll be requlred in settlement and the amounl of the obligation can b8 measured r81iably. Expendllure Is accounted for on an accruals basls and has been classlfled und8r headings that aggregate all cost related to the category. Where costs Cannot be dlr8¢tly attributed lo partlcular headings they hav8 been allocated to actlvities on a basis consistent with the use of resourc8S. Grants offèred subject to condlllons whlch have not been mat at the year end date are noted as a commitment but not accrued as expenditure. Tanglble flxed assets Depreciation is provided at th8 following annual rates In order to write off each asset Over its estlmaled useful lile. Plant and machinery Fixtures and fittings Freehold property 25Y. Reducing balan method 1 OY. Reducing balan melhod Not depreciated Taxatlon The charity is exempt from corporation tax on its charftable actwitie8. Fund accountlng Unreslricled funds can be used in accordance wlth the charttable objectives at the dlscretlon of the Irustees. Restrlcted funds can onty be used for partlcular restrfcted purposes wilhin the objects of the charlty. Restrictlons arise when specified by the donor or when funds are raised for particular r8Stricted purposes. Further èxplanation of the nature and Purpose of gach fund is included in the notes to the financlal statements. Page 8 ontinued...
The Societ Of The Inner Li ht Limited Notes to the Fin nclal Statements - lor thè Year Ended 3 INVESTMENT INCOME 30.6.23 30.6.22 Listed inveslmÈnts Deposit account interest 55,467 555 48,756 NET INCOMEI(EXPENDITURE) Net incomel(expenditur8) is stated after chaTgingl{crediting): 30.6.23 30.6.22 Depreclatlon - owned assets 979 829 TRUSTEES. REMUNERATION AND BENEFITS Ther8 were no trustees, remuneration or other benefits lor th8 year endad 30 June 2023 nor for Ihe year ended 30 June 2022. Trustees, expenses There were no trustees, expenses pald lor the year ended 30 June 2023 nor for the year ended 30 June 2022. The only expenses relmbursed are for specilic travel costs for Ihe Society and out of pocket expgnses. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund INCOME AND ENDOWMENTS FROM Donations and legacies 7,627 Charitable actlvltles Publishing and other actlvi1Ses 22,581 Investrnent income 48.763 Total 78.971 EXPENDITURE ON Charitable actlvltles Publishing and other activities Grants Centre running costs "House" Support costs and adminlstratlon 75 600 27,332 14,254 Page 9 continued...
The Socie 01 The Inner Li ht Limited Notes to the Financial Statements- continued for tha Year Ended 30 June 2023 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - conllnued Unrestricted fund Total Nat gainsl{losses) on investments 57.191 NET INCOMEI{EXPENDITURE) {20,4811 RECONCILIATION OF FUNDS Tolal funds brought folward 1,371,696 TOTAL FUNDS CARRIED FORWARD 1,351,215 TANGIBLE FIXED ASSETS Flxluras Freehold Plant and and property machlnery flttlngs Computer equlpment Tolals COST At 1 July 2022 Additions 37,052 20,171 SO,829 304 800 108,852 304 At 30 Juno 2023 51,133 800 109 156 DEPRECIATION At 1 July 2022 Charge lor year 20,074 24 41,576 955 61,650 979 At 30 June 2023 20.098 42.531 62.629 NET BOOK VALUE At 30 June 2023 73 8.602 800 46,527 At 30 June 2022 97 800 The headquarters at 38 Steele's Road NW3 Is not valued or induded at a value in the accounts on the basls that It was glfted lo the Soclety and there Is no Intention to realise the asset In the foreseeable future. Page 10 continued...
The Socie Of Th8 Inner Li ht Llmited Notes to th8 Financi I Statemenls - continued for the Year Ended 30 June 202 FIXED ASSET INVESTMENTS Llsted Investment8 MARKET VALUE At 1 July 2022 Revaluations 1,172,338 71202) At 30 Jung 2023 1,101,136 NET BOOKVALUE At 30 June 2023 1 101136 At 30 June 2022 1,172338 There were no Investment assets outside the UK. Th9 fixed ass8t investm8nts consist of a holding of M&G Charibond and Charllund income unlts whlch are adjusted each year to represent the open market value at thg year end as reported by M&G for 30 June each year, DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 30.6.23 30.6.22 Trade debtors 10,902 CREDITORS: Amoutrrrs FALLING DUE WITHIN ONE YEAR 30.6.23 30.6.22 Trade credltors Accruals and deferred inrne 4,807 2,114 28,905 5,314 10. MOVEMENT IN FUNDS Ngt rnovement In lunds Al 30.6.23 At 1.7.22 Unrestricted lunds General fund 1,351,215 (42,946) 1,308,289 TOTAL FUNDS 1351.215 42 946) 1308 269 Page11 conlinued...
The Socie Of The Inner Li ht Limited Notes to the Financial Statements - continued for Ihe Year Ended 30 June 2023 10. MOVEMENT IN FUNDS- conllnued Net movement in funds, included in the above are as follows: Incomlng Resources Galns and Movement resources expended losses In funds Unreslrlcted lunds General fund 75,964 {47,7081 (71,202> (42,946) TOTAL FUNDS Comparatlves lor rnovement In funds Net movernent In funds Al 30.6.22 Al 1.7.21 Unrestrlcted lunds General fund 1,371,696 {20,4811 1,351,215 TOTAL FUNDS 1371,696 20481} 1,351.215 Comparatlve net movement in funds, included In the above are as follows: Incomlng R83ourc88 Galn3 and Movement re8ource$ expended losses In funds Unrestrlded lund9 General fund 78,971 142.281) (57,1911 {20,481) TOTAL FUNDS 78,971 A current year 12 months and prior year 12 months comblned position is as follows.. Nel movernent in funds Al 30.6.23 At 1.7.21 Unreslrlcled funds General fund 1,371,696 (63,427) 1,308,269 TOTAL FUNDS 1371696 63,427) 1,308,269 Page 12 Gontinued...
The Socie Ol The Inner Li ht Llmited Note8 to the Financial Statements - contin for the Yèar Ended 30 June 2023 10. MOVEMENT IN FUNDS- contlnued A curr8nl year 12 months and prior year 12 months comblned nat mov8m8nt In funds. included in Ihe above are as follows: Incomlng Resources Galns and Movement rasour¢o$ oxp•nded 10$808 In fund8 Unrestricted funds General fund 154,935 (89,969) (128,393) (63,427) TOTAL FUNDS 154 935 La (128 393) 63,427) 11. RELATED PARTY DISCLOSURES There w9re no related party transactlons for the year ended 30 June 2023. Page 13
The Socie Of The Inner Li ht Limiled Detailed Statemenl of Financial Actwities for the Year Ended 30 June 2023 30.6.23 30.6.22 INCOME AND ENDOWMENTS Donatlons and legacles Donations 7.728 7.627 Investment Ineomo Lisled investments Deposit account interest 55.467 555 48.756 56,022 48,763 Charllable acllvltles Book sales and royalties Study course f@e 10,813 21,377 12,214 22,581 Total Ineomlng resourceg 75,964 78,971 EXPENDITURE Charltable actlvllles Rales and water Insurance Light and h6at Books and journals Repairs and malntenance Grants to institutions 11,821 9,975 7,396 11,164 9,209 3,915 75 3,044 600 4,219 33,211 28,007 Support C08ts Managemenl Telephone Postage and stationery Sundries Travelling Plant and machlnery Fixlures and flttings 1,706 105 263 3,255 24 955 1,839 97 158 3,535 32 797 6,308 6,458 Flnance Bank charges 184 178 This page does not fonn part of the statLrtory tinancial statements Page 14
The Socie Of The Inner Li ht Limited Detailed Stat8m8nt of Financial A lor the Year End8d 30 June 2023 30.623 30.6.22 Flnance Information technology Computer costs 416 402 Other Exchange (gainsl/losses Legal and professional Audlt and accountancy (1361 1,123 (3.904) 4,485 6.635 Total resources expended 42,261 Net Incorne This page does not form part of the statutory financial statements Page 15