The Society Of The Inner Light Limited (A company limited by guarantee, not having a share capital)
Annual Report and Unaudited Financial Statements
for the financial year ended 30 June 2025
Guymer King Limited Chartered Certified Accountants 4 Stone Street Court Stone Street Hadleigh Suffolk IP7 6HY GB
Company Number: 00458404 Charity Number: 207312
The Society Of The Inner Light Limited (A company limited by guarantee, not having a share capital) CONTENTS
| Page | |
|---|---|
| Reference and Administrative Information | 3 |
| Directors' Annual Report | 4 |
| Statement of Directors' Responsibilities and Declaration on Unaudited | 5 |
| Financial Statements | |
| Independent Examiner's Report | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes to the Financial Statements | 9 - 14 |
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The Society Of The Inner Light Limited (A company limited by guarantee, not having a share capital) REFERENCE AND ADMINISTRATIVE INFORMATION
Directors Professor S R Harrop Mr J Paternoster Mrs P Arthy Mr C P Gilson Mr A R Boyle Company Secretary Birketts Secretaries Limited Charity Number in England and Wales 207312 Company Registration Number 00458404 Registered Office Providence House 141-145 Princes Street Ipswich Suffolk IP1 1QJ Principal Address 38 Steele's Road London NW3 4RG Independent Examiner Guymer King Limited Chartered Certified Accountants 4 Stone Street Court Stone Street Hadleigh Suffolk IP7 6HY GB
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The Society Of The Inner Light Limited (A company limited by guarantee, not having a share capital) DIRECTORS' ANNUAL REPORT
for the financial year ended 30 June 2025
The directors present their Directors' Annual Report, combining the Directors' Report and Trustees' Report, and the unaudited financial statements for the financial year ended 30 June 2025.
The financial statements are prepared in accordance with the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
The Directors' Report contains the information required to be provided in the Directors' Annual Report under the Statement of Recommended Practice (SORP) guidelines. The directors of the charity are also charity trustees for the purpose of charity law and under the charity's constitution are known as members of the board of trustees.
In this report the directors of The Society Of The Inner Light Limited present a summary of its purpose, governance, activities, achievements and finances for the financial year 30 June 2025.
The charity is a registered charity and hence the report and results are presented in a form which complies with the requirements of the Companies Act 2006 and, although not obliged to comply with the Statement of Recommended Practice applicable in the UK and Republic of Ireland FRS 102, the organisation has implemented its recommendations where relevant in these financial statements.
Principal Activity
To promote, inculcate, propagate and carry on the study and practice and teaching of Theology and Metaphysical Religion
Financial Review
The results for the financial year are set out on page 7 and additional notes are provided showing income and expenditure in greater detail.
Financial Results
At the end of the financial year the charity has assets of £1,460,557 (2024 - £1,409,953) and liabilities of £6,006 (2024 - £5,590). The net assets of the charity have increased by £50,188.
Directors
The directors who served throughout the financial year, except as noted, were as follows:
Professor S R Harrop Mr J Paternoster Mrs P Arthy Mr C P Gilson Mr A R Boyle
The secretary who served during the financial year was:
Birketts Secretaries Limited
Compliance with Sector-Wide Legislation and Standards
The charity engages pro-actively with legislation, standards and codes which are developed for the sector. The Society Of The Inner Light Limited subscribes to and is compliant with the following: The Companies Act 2006
The Charities SORP (FRS 102)
Approved by the Board of Directors on ________ and signed on its behalf by:
________Mr A R Boyle Trustee
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The Society Of The Inner Light Limited (A company limited by guarantee, not having a share capital) STATEMENT OF DIRECTORS' RESPONSIBILITIES
for the financial year ended 30 June 2025
General responsibilities
The directors are responsible for preparing the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A (Small Entities). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period.
In preparing these financial statements, the directors are required to:
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select suitable accounting policies and apply them consistently;
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make judgements and estimates that are reasonable and prudent;
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state whether the financial statements have been prepared in accordance with the relevant financial reporting framework, identify those standards, and note the effect and the reasons for any material departure from those standards; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The directors confirm that they have complied with the above requirements in preparing the financial statements.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Directors' declaration on unaudited financial statements
In relation to the financial statements comprising the Statement of Financial Activities (incorporating an Income and Expenditure Account), the Balance Sheet and the related notes:
The directors approve these financial statements and confirm that they are responsible for them, including selecting the appropriate accounting policies, applying them consistently and making, on a reasonable and prudent basis, the judgements underlying them. They have been prepared on the going concern basis on the grounds that the charity will continue in operation.
The directors confirm that they have made available to Guymer King Limited, Chartered Certified Accountants, all the charity's accounting records and provided all the information, books and documents necessary for the compilation of the financial statements.
The directors confirm that to the best of their knowledge and belief, the accounting records reflect all the transactions of the charity for the financial year ended 30 June 2025.
Approved by the Board of Directors on ________ and signed on its behalf by:
________Mr A R Boyle Trustee
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The Society Of The Inner Light Limited (A company limited by guarantee, not having a share capital) INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF DIRECTORS OF THE SOCIETY OF THE INNER LIGHT LIMITED
We have examined the financial statements of the charity for the financial year ended 30 June 2025, which comprise the Statement of Financial Activities (incorporating an Income and Expenditure Account), the Balance Sheet and the related notes.
This report is made solely to the charity's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the Board of Directors that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's members, as a body, for our work, or for this report.
Respective responsibilities of directors and examiner
The charity's trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006. The charity's directors consider that an audit is not required for this financial year under Chapter 3 of Part 16 of the Companies Act 2006 and that an independent examination is required.
- It is our responsibility to:
examine the financial statements under section 145 of the Act;
- follow the procedures laid down by the general Directions given by the Charity Commission under section 145(5) of the Charities Act 2011; and
state whether particular matters have come to our attention.
Basis of independent examiner's report
Our examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements and seeking explanations from the directors concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with our examination, no matter has come to our attention which gives us cause to believe that in, any material respect:
accounting records were not kept in accordance with section 386 of the Companies Act 2006 the financial statements do not accord with those accounting records
the financial statements do not comply with the accounting requirements of the Charities Act
- the financial statements have not been prepared in accordance with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of 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 (FRS102)
there is further information needed for a proper understanding of the accounts to be reached.
We 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 financial statements to be reached.
__________David G King FCCA ATII GUYMER KING LIMITED Chartered Certified Accountants 4 Stone Street Court Stone Street Hadleigh Suffolk IP7 6HY GB
Date: ...............................
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The Society Of The Inner Light Limited (A company limited by guarantee, not having a share capital) STATEMENT OF FINANCIAL ACTIVITIES
(Incorporating an Income and Expenditure Account)
for the financial year ended 30 June 2025
| Unrestricted Funds 2025 Notes £ Income Donations and legacies 3.1 9,858 Charitable activities Publishing and other activities 3.2 11,061 Investments 3.3 67,263 Total income 88,182 Expenditure Charitable activities 4.1 45,992 Other expenditure 4.2 20,261 Total Expenditure 66,253 Net gains/(losses) on investments 28,259 Net income/(expenditure) 50,188 Transfers between funds - Net movement in funds for the financial year 50,188 Reconciliation of funds: Total funds beginning of the year 13 1,404,363 Total funds at the end of the year 1,454,551 |
Total Funds 2025 £ 9,858 11,061 67,263 88,182 45,992 20,261 66,253 28,259 50,188 - 50,188 1,404,363 1,454,551 |
Unrestricted Funds 2024 £ 9,060 11,791 62,067 82,918 41,624 20,225 61,849 75,025 96,094 - 96,094 1,308,269 1,404,363 |
Total Funds 2024 £ 9,060 11,791 62,067 82,918 41,624 20,225 61,849 75,025 96,094 - 96,094 1,308,269 1,404,363 |
|---|---|---|---|
The Statement of Financial Activities includes all gains and losses recognised in the financial year. All income and expenditure relate to continuing activities.
The notes on pages 9 to 14 form part of the financial statements
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The Society Of The Inner Light Limited (A company limited by guarantee, not having a share capital) Company Number: 00458404 BALANCE SHEET
as at 30 June 2025
| Notes Fixed Assets Tangible assets 8 Investments 9 Current Assets Debtors 10 Cash at bank and in hand Creditors: Amounts falling due within one year 11 Net Current Assets Total Assets less Current Liabilities Funds General fund (unrestricted) Total funds 13 |
2025 £ 69,895 1,204,420 1,274,315 10,126 176,116 186,242 (6,006) 180,236 1,454,551 1,454,551 1,454,551 |
2024 £ 59,424 1,176,161 1,235,585 12,005 162,363 174,368 (5,590) 168,778 1,404,363 1,404,363 1,404,363 |
|---|---|---|
These financial statements have been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
For the financial year ended 30 June 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006; and no notice has been deposited under section 476.
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of its profit and loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charity.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", applying Section 1A of that Standard.
Approved by the Board of Directors and authorised for issue on ________ and signed on its behalf by
________Mr A R Boyle Trustee
The notes on pages 9 to 14 form part of the financial statements
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The Society Of The Inner Light Limited (A company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 30 June 2025
1. GENERAL INFORMATION
The Society Of The Inner Light Limited is a company limited by guarantee incorporated in the United Kingdom. The registered office of the charity is Providence House, 141-145 Princes Street, Ipswich, Suffolk, IP1 1QJ.
The principal place of business is 38 Steele's Road, London NW3 4RG.
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the charity’s financial statements.
Basis of preparation
The financial statements have been prepared on the going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102", applying Section 1A of that Standard.
As permitted by the Companies Act 2006, the charity has varied the standard formats in that act for the Statement of Financial Activities and the Balance Sheet. Departures from the standard formats are to comply with the requirements of the Charities SORP and are in compliance with section 4.7, 10.6 and 15.2 of that SORP.
Statement of compliance
The financial statements of the charity for the financial year ended 30 June 2025 have been prepared on the going concern basis and in accordance with the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102", applying Section 1A of that Standard.
Fund accounting
The following are the categories of funds maintained:
Restricted funds
Restricted funds represent income received which can only be used for particular purposes, as specified by the donors. Such purposes are within the overall objectives of the charity.
Unrestricted funds
Unrestricted funds consist of General and Designated funds.
General funds represent amounts which are expendable at the discretion of the board, in furtherance of the objectives of the charity.
Designated funds comprise unrestricted funds that the board has, at its discretion, set aside for particular purposes. These designations have an administrative purpose only, and do not legally restrict the board's discretion to apply the fund.
Income
Income is recognised by inclusion in the Statement of Financial Activities only when the charity is legally entitled to the income, performance conditions attached to the item(s) of income have been met, the amounts involved can be measured with sufficient reliability and it is probable that the income will be received by the charity.
Expenditure
Expenditure is analysed between costs of charitable activities and raising funds. The costs of each activity are separately accumulated and disclosed, and analysed according to their major components. Expenditure is recognised when a legal or constructive obligation exists as a result of a past event, a transfer of economic benefits is required in settlement and the amount of the obligation can be reliably measured. Support costs are those functions that assist the work of the charity but cannot be attributed to one activity. Such costs are allocated to activities in proportion to staff time spent or other suitable measure for each activity.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
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The Society Of The Inner Light Limited (A company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 30 June 2025
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible fixed assets, less their estimated residual value, over their expected useful lives as follows:
Land and buildings freehold 0% Plant and machinery 25% Reducing balance Fixtures, fittings and equipment 10% Reducing balance Computer equipment and library 10% Straight line
The Charity's freehold property is not depreciated and the only entries are in respect of capital improvements as the property was originally donated to the Charity on its formation and there is no current intention of disposal. Accordingly it is treated as a Heritage asset.
Investments
Investments held as fixed assets are stated at cost less provision for any permanent diminution in value. Income from other financial fixed asset investments together with any related tax credit is recognised in the income and expenditure account in the financial year in which it is receivable.
Debtors
Debtors are recognised at the settlement amount due after any discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Income recognised by the charity from government agencies and other co-funders, but not yet received at financial year end, is included in debtors.
Creditors
Creditors are recognised when the Charity first becomes liable for the expenditure and the amount is shown at the transaction price. Where no invoice has been produced suitable accruals are made in the financial statements.
Cash at bank and in hand
Cash at bank and in hand comprises cash on deposit at banks requiring less than three months notice of withdrawal.
Taxation
No current or deferred taxation arises as the charity has been granted charitable exemption. Irrecoverable valued added tax is expensed as incurred.
The charity is exempt from corporation tax on its charitable activities.
| 3. INCOME 3.1 DONATIONS AND LEGACIES Unrestricted Funds £ Donations and legacies 9,858 3.2 CHARITABLE ACTIVITIES Unrestricted Funds £ Publishing and other activities: Income from charitable activities 11,061 3.3 INVESTMENTS Unrestricted Funds £ Investments 67,263 4. EXPENDITURE |
Restricted Funds £ - Restricted Funds £ - Restricted Funds £ - |
2025 £ 9,858 2025 £ 11,061 2025 £ 67,263 |
2024 £ 9,060 2024 £ 11,791 2024 £ 62,067 |
|---|---|---|---|
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The Society Of The Inner Light Limited
| (A company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 30 June 2025 4.1 CHARITABLE ACTIVITIES Direct Other Support Costs Costs Costs £ £ £ Expenditure on charitable activites 34,797 - 11,195 4.2 OTHER EXPENDITURE Direct Other Support Costs Costs Costs £ £ £ Other expenditure - 9,214 11,047 4.3 SUPPORT COSTS Charitable Other Activities Expenditure £ £ Support 11,195 11,047 5. NET INCOME Net Income is stated after charging/(crediting): Depreciation of tangible assets Deficit on foreign currencies 6. INVESTMENT AND OTHER INCOME Bank interest Investment income 7. AMOUNT WRITTEN BACK ON INVESTMENTS Amounts written off investments in prior financial years written back: - current assets |
2025 £ 45,992 2025 £ 20,261 2025 £ 22,242 2025 £ 3,578 8,214 2025 £ 18,143 49,120 67,263 2025 £ (28,259) |
2024 £ 41,624 2024 £ 20,225 2024 £ 9,315 2024 £ 2,295 2,090 2024 £ 714 61,353 62,067 2024 £ (75,025) |
|---|---|---|
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The Society Of The Inner Light Limited (A company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 30 June 2025
| 8. TANGIBLE FIXED ASSETS Land and buildings freehold £ Cost At 1 July 2024 37,052 Additions - At 30 June 2025 37,052 Depreciation At 1 July 2024 - Charge for the financial year - At 30 June 2025 - Net book value At 30 June 2025 37,052 At 30 June 2024 37,052 9. INVESTMENTS Investments Cost At 1 July 2024 Revaluations At 30 June 2025 Net book value At 30 June 2025 At 30 June 2024 10. DEBTORS Trade debtors 11. CREDITORS Amounts falling due within one year Trade creditors Other creditors |
Plant and machinery £ 20,171 - 20,171 20,116 13 20,129 42 55 |
Fixtures, fittings and equipment £ 65,440 14,049 79,489 44,720 3,477 48,197 31,292 20,720 |
Computer equipment and library £ 1,685 - 1,685 88 88 176 1,509 1,597 Other investments £ 1,176,161 28,259 1,204,420 1,204,420 1,176,161 2025 £ 10,126 2025 £ 6,006 - 6,006 |
Total £ 124,348 14,049 138,397 64,924 3,578 68,502 69,895 59,424 Total £ 1,176,161 28,259 1,204,420 1,204,420 1,176,161 2024 £ 12,005 2024 £ 5,582 8 5,590 |
|---|---|---|---|---|
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The Society Of The Inner Light Limited (A company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 30 June 2025
12. RESERVES
| At the beginning of the year Surplus for the financial year At the end of the year 13. FUNDS 13.1 RECONCILIATION OF MOVEMENT IN FUNDS At 1 July 2023 Movement during the financial year At 30 June 2024 Movement during the financial year At 30 June 2025 13.2 ANALYSIS OF MOVEMENTS ON FUNDS Balance 1 July 2024 £ Unrestricted funds Unrestricted General 1,404,363 Total funds 1,404,363 13.3 ANALYSIS OF NET ASSETS BY FUND Fixed assets - charity use £ Unrestricted general funds 69,895 69,895 |
2025 £ 1,404,363 50,188 1,454,551 Unrestricted Funds £ 1,308,269 96,094 1,404,363 50,188 1,454,551 Income Expenditure Transfers between funds £ £ £ 88,182 37,994 - 88,182 37,994 - Financial Current Current fixed assets liabilities assets £ £ £ 1,204,420 186,242 (6,006) 1,204,420 186,242 (6,006) |
2024 £ 1,308,269 96,094 1,404,363 Total Funds £ 1,308,269 96,094 1,404,363 50,188 1,454,551 Balance 30 June 2025 £ 1,454,551 1,454,551 Total £ 1,454,551 1,454,551 |
|---|---|---|
14. STATUS
The charity is a company limited by guarantee not having a share capital.
The liability of the members is limited.
Every member of the company undertakes to contribute to the assets of the company in the event of its being wound up while they are members, or within one financial year thereafter, for the payment of the debts and liabilities of the company contracted before they ceased to be members, and the costs, charges and expenses of winding up, and for the adjustment of the rights of the contributors among themselves, such amount as may be required, not exceeding £ 1.
15. POST-BALANCE SHEET EVENTS
There have been no significant events affecting the Charity since the financial year-end.
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The Society Of The Inner Light Limited (A company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 30 June 2025
16. RELATED PARTY DISCLOSURES
There were no related party transactions other than reimbursement of legitimate expenses in the year ended 30 June 2025
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WORKIRO SIGNATURE CERTIFICATE Document Name S0017 Accounts_30thJune2025_27March2026.pdf Creator David King {david@guymer-king.co.uk) 27 March 2026 15:39:02 UTC Date Identifier a6c01 bbd-39654d77408e-70ab89db1071 Signers David King E-mail david@guymer4(ing.co.uk Signed IP address 27 March 2026 17:01:26 UTC 94.228.44.17 owlpost4alex@gmail.com E-mail owlpost4alex@gmall.com 30 March 2026 9:31:23 UTC Signed IP address 86.148.0.243