REGISTERED COMPANY NUMBER: 004S8404 (England and Wales) REGISTERED CHARITY NUMBER: 207312 ort ofth T and udiled Financial Statements for h6 Yéar Ended 30 June 2024 for The Societ Of The Inner Li htLi Guymer King Limited 4 Stone Stre6t Court Stone Street Hadleigh Suffolk IP7 8HY ADZB8F2R* 2810312025 COMPANIES HOUSE A14
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The Societ Of The Inner Li hl Limited Contents of the Financial Statements for the Year Ended 30 June 2024 Page Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 6 to 12 D6tailed Statement of Financial Activities 13 to 14
Societ Of The Inner Li ht Limited ort of the Trustees rthe ear 24 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 June 2024. The trustees have adopted the provisions of Accounting and Reportin9 by Charities.. Slatement 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) (effective 1 January 2019). STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its goveming document, a deed of trust, and constitutes a limtted company, limited by guarantee, as d8fined by the Companies Act 2006. REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Company number 00458404 (England and Wales) Reglstered Charlty numbar 207312 Registered office Providence House 141-145 Princes Street Ipswich Suffolk IP1 1QJ Trustees Mrs P Arthy Retlred A R Boyle Psychotherapist C P Gilson Teacher Professor S R Harrop Professor Emeritus J Paternoster Retired Dental Surgeon Company seCtary Birketts Secretaries Limited Independent Examiner Guymer King Limited 4 Stone Street Court Stone Street Hadleigh Suffolk IP7 6HY Approved by order of the board of trustees on behalf by.. 271L and signed on its Twst88 &4L Page 1
Inde endent Examinels Re The Societ Of The Inner Li ort to the Trustees of Independent examiner's report to the trust808 of The Socloty Of Tho Innor Llght Llmlted I'the Company'l I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 Juno 2024. Responslblllties and bagis of report As the charity's trustees of the Company (and also its directors for the purposes of Gompany law} you are responsible for the preparation of thé accounts in acGordanc6 with the requirement$ of the Companies Act 2006 ('the 2006 Ad'l. Having satlsfied myself that the accounts of the Company are not required to be audrted under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 I'th8 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145{5} (bl of the 2011 Act. Independent examiner's statement I have completed my examinalion. I confirm that no matter8 have come to my attention in conneclion with the examination giving me Cause to believe.. accounting records were not kept in resp6Ct of the Company as required by Section 386 of the 2006 Act., or the accounts do not accord with those records., or the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a Irue and fair view which is not a matter considered as part of an independent examination., or the accounts have not been prepared in accordance Wlth the methods and principles of the Statement of Recommended Practi for accounting and reporting by charities {appliGable to charities preparing their accounts in accordan with the Financial 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 &xaminalion to which attention should be drawn in this report in order to enable a prOr understanding of the aGcount8 to be reached. David Guymer King FCCA ATII Guym8r King Limited 4 Stone Street Court stone Street Hadleigh Suffolk IP7 6HY Date.. Page 2
r Li Limited statement of Financial Activities for the Year Ended 30 une 2024 30.6.24 30.6.23 Unrestrictod Total fund funds Nots8 INCOME AND ENDOWMENTS FROM Donations and legacies 9,060 7,728 Charltable actlvities Publishing and other activities 11,791 12,214 Investment inwme Total EXPENDITURE ON Charitable actlvltles Publishlng and other activlties Grants Centre running costs °House° Support costs and administration 235 1,429 32,752 75 23,236 24,397 Total Net gainsl(1088es} on investments 71202) NET INCOMEI(EXPENDITUREI 96,094 142,946) RECONCILIATION OF FUNDS Total funds brought fOard 1,308,269 1,351,215 TOTAL FUNDS CARRIED FORWARD 1,404,363 1308 269 The notes fomi part of these financial statements Page 3
The Societ Of The Inner Li ht Limited Balance Sheet 30 Jun& 2024 30.6.24 30.6.23 Unrestricted Totsl fund funds Notes FIXED ASSETS Tangible assets Investments 59,424 1,176,161 46,527 1 101,138 1,235,585 1,147,663 CURRENT ASSETS Debtors Cash at bank and in hand 12,005 162 363 10,902 178 609 174,368 189,511 CREDITORS Amounts falling due within one year (5,590) (28,905) NET CURRENT ASSETS 168 778 160,606 TOTAL ASSETS LESS CURRENT LIABILITIES 1,404,363 1,308,269 NET ASSETS 1404 363 1308 269 FUNDS Unrestricted funds 10 1404 363 1,308 269 TOTAL FUNDS 1404 363 1308 269 The charitable company is entit16d to exemption from audit und8r Sedion 477 of the Companies Act 2006 for the year ended 30 June 2024. The members have not required the company to obtain an aLtdit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006. The trustees a¢knowledge their responsibilities for {a} ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and {b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at th8 end of each financial year and of its surplus or deficit for each financial year in accordan with the requirements of Sections 394 and 395 and which otheNis8 comply with the requirements of the Companles Act 2006 relating to financial statements. so far as applicable to the charttable company. The notes form part of these financial statements Page 4 continued..
The Societ Of The Inner Li hl Limited Balance Sheet- continued 3Q June 2024 These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies r8gime. Thefi anci I statements were approved by the Board of Trustees and authorised for issue on Trustee A -v 4Lt The notes fomi part of these financlal statements Page 5
The So¢iet Of The Inner Li ht Limited Notes to the Financial Statements fort e Year Ended 30 June 2024 ACCOUNTING POLICIES Basls of preparlng the flnanclal statements The financial statements of Ihe charitable company, whiGh is a public benefit entity under FRS 102, have bèen prepared in accordance with the Charities SORP (FRS 102} 'Accounting and Reporting by Charities.. Statement of Recommended Pralce applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 (effective 1 January 20191,, Finan¢ial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Compani6s Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at markel value, as modified by the revaluation of rtain assets, Incoma All income is reGognised in the Slalement of Financial Activities once the charity has enlitlement to the funds, it is probable that the incom6 will be received and the amount can be measured reliably. Expendlture Liabilities are re¢ogni$ed as expenditure as soon as there is a legal or Gonstructive obligation committing the charsty to that expenditure, it is probable that a transfer of èconomic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is aGcounted for on an 8GGruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings Ihey have been allo¢ated to activities on a basi8 Consistent with Ihe use of resources. Grants offered subject lo conditions which have not been met at th8 year end date are noted as a commitment but not accrued as expenditure. Tanglble fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Taxation The charity is exempt from corporation tax on it$ charitable activities. Fund accounting Unrestncted funds can be used in accordance with the charilable objectives at Iha discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular re$tri¢ted purposes. Further explanation of the nature and purpose of each fund is included in the notas to th8 financial statements. Page 6 continued...
Th Societ Of The Inner Li ht Limitè Notes to the Financial Statements - continued for the Year Ended 30 June 2024 INVESTMENT INCOME 30.6.24 30.6.23 Listed investments Dep¢)sil account interest 61,353 714 55,467 555 NET INCOMEI(EXPENDITURE Net incomel{expenditu) is stated after chargingllcrediting).. 30.6.24 30.6.23 Depr@ciation - owned assets 979 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefit8 for the year ended 30 June 2024 nor for the year ended 30 June 2023. Trustees, expenses There We no trustees, expenses paid for the year ended 30 June 2024 nor for the year ended 30 June 2023. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unre8trlcted fund INCOME AND ENDOWMENTS FROM Donalions and legaGies 7,728 Charltable actSvities Publishing and olher activities 12,214 Investment income Total EXPENDITURE ON Charitable activities Publishing and other activities Centre running costs - "House. Support cosls and administralion 75 23,236 Tolal Net gainslllosses) on investments (71,202) Page 7 continued...
The Societ Of The Inner Li ht Limited Notes to the Financial Statements - continued forthe Year Ended 30 J ne 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- contlnuad Unrè$trlGted fund NET INCOMEI(EXPENDITURE (42,946) RECONCILIATION OF FUNDS Total funds brought forward 1,351,215 TOTAL FUNDS CARRIED FORWARD 1308 269 TANGIBLE FIXED ASSETS Flxtures Fre6hold Plant and and property machlnery fittings Computer equlpment Totals COST At 1 July 2023 Additions 37,052 20,171 51,133 109,156 15,192 885 At 30 June 2024 37,052 124,348 DEPRECIATION At 1 July 2023 Charge for year 20,098 18 42,531 62,629 88 At 30 June 2024 88 NET BOOK VALUE AI 30 June 2024 55 20,720 AI 30 June 2023 37,052 73 800 Page 8 Continued...
The Societ Of The Inner Li ht Limit Notes to the Financial Stat ments - continued forlhe Year Ended 30 June 2024 FIXED ASSET INVESTMENTS Llst&d Investmènts MARKET VALUE At 1 July 2023 Revaluations 1,101,136 75,025 At 30 June 2024 1,176,161 NET BOOK VALUE At 30 June 2024 1 176,181 AI 30 June 2023 1 101,136 There were no investment assets outslde the UK. Cost or valuation at 30 June 2024 is represented by.. Llsted Invostm8nts Valualion in 2019 Valualion in 2020 Valualion in 2021 Valuation in 2022 Valuation in 2023 Valuation in 2024 1,280,903 {181,029) 129,656 {57,1911 {71,203) 1176 161 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 30.6.24 30.6.23 Trade debtors 12,005 Page 9 continued...
The Societ Of The Inn8r Li ht Limited Notes to the Financial Statements- continued for arE un CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 30.6.24 30.6.23 Trade creditors other creditors AcGruals and deferred income 5,582 4,807 10. MOVEMENT IN FUNDS Net movement In funds At 30.6.24 At 1.7.23 Unrestrlcted funds General fund 1,308,269 96,094 1,404,363 TOTAL FUNDS 1308 269 96 094 1404 363 Net movement in funds, included in th8 above are as follow8- Incoming Resources Galn8 and Movement r88ourcès expended losses In funds Unrastricted funds General ftjnd 82,918 (61,849) 75,025 96,094 TOTAL FUNDS 61849) Comparatives for movement In ftinds Net movement in funds At 30.6.23 At 1.7.22 Unrestricted funds General fund 1,351,215 (42,946) 1,308,269 TOTAL FUNDS 1351215 42 946) 1308,269 Page 10 contlnued...
The Socie Of The Inner Li ht Limited Notes to the Financial Statement$ - for the Year Endèd 30 June 2024 inued 10. MOVEMENT IN FUNDS - contlnued Comparative net movement in funds, included in the above are as follows: Incoming Resources Gains and Mov8mont resources expended losses In funds Unrèstricted funds General fund 75,964 147,708) {71,202) 142,9461 TOTAL FUNDS A current year 12 months and prior year 12 months combined position is as follows.. Nèt movement In funds At 30.6.24 At 1.7.22 UnrestriGted funds General fund 1,351,215 53,148 1,404,363 TOTAL FUNDS 1 351215 53 148 1,404 363 A currènt yèar 12 months and prior year 12 months combined net movement in funds, included in the above arg as follows.. Incoming Resources Gains and Movement resources expended losses In funds Unrnstrict8d funds General fund 158,882 (109,557> 3,823 53,148 TOTAL FUNDS 158,882 {109 557) 3.823 Page11 continued...
The Societ Of The Inner Li ht Limited Notes to he Financial Statement8 - continued or the Year Ended 30 June 2024 11. RELATED PARTY DISCLOSURES There were no related party transactions for thÈ year 8nded 30 Jun8 2024. Page 12
The Societ Of The Inner Li ht Limite Detailed Statement of Financial Activities for the Year Ended 30 June 2024 30.6.24 30.6.23 INCOME AND ENDOWMENTS Donatlons and18gacles Donations 9,060 7,728 Investment Income Listed investrnents Deposit account interest 61,353 714 55,467 555 62,067 56,022 Charitable activities Book sales and royamies study course fee 10,265 10,813 1,401 12,214 Total Incorning resources 82,918 75,964 EXPENDITURE Charitable activitles Rates and water InsuranGe Light and heat Repairs and maintenance Grants to institutions 13,239 9,738 5,292 11,926 11,621 9,975 7,396 4,219 41,624 33,211 Support costs Management Telephone Postage and stationery Sundrie$ Travelling Depreciation of tangible and heritage assets 1,627 235 1,706 105 263 3,255 4,394 979 8,551 6,308 Finance Bank charges 192 Thi8 page doe8 not form part of the statutory financlal statements Page 13
Theso let Of The Inner Li ht Limited Detailed Statement of Financial Activities for th& Year Ended 30 J 30.6.24 30.6.23 Finance Information technology Computer costs 572 416 Other Exchange (gains}Ilosse$ Legal and prof6ssional Audit and accountancy 2,090 1,049 (136) 1,123 10,910 Total resources expended N8t Income 28,256 Thls page does not form part of the statutory financial statements Page 14