2025-03-31-accounts

The Inlight Trust TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Charity Number: 236782

Contents Page Legal and admlnistralive Infomiation Trustsas annual rnport Independent aUdfto￿* report Stat•ment of financlal actlvltles Statemont ol flnanclal p081tlon 10 Notes to tha accounts

THE INLIGHT TRUST LEGALAND ADMINISTRATIVE INFORMATION Trustsos 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 SoLrth Street Farnham Surrey GU9 7QU Prlnclpal rng18tered addre88 Clare Pegden Administrator POBox2 Liss Hampshir8 GU33 6YP Charlty Reglstratlon Numb•r 236782 Bankers Cazanove Capital Management (Schroders) 1 London Wall Place London EC2Y SAU Sollcltor• Moore Barlow The Oriel Sydenham Rd Guildford GU13SR Investment Advisors Cazenove Capital Management (Schroders) 1 London Wall Place London EC2Y SAU

THE INLIGHT TRUST ANNUAL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 The Trustees present their Report and Accounts of the Charity forthe year ended 31 March 2025. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's trust deed ,the Charities Act 2016 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ir8land published on 17 July 2014. 1. STRUCTURE, GOVERNANCE AND PIIANAGEMENT The Inlight Trust is an unincorporated Trust created by a Trust Deed dated 12th Jun& 1957. It is 8 Registered Charity, number 236782. The Trustees who served the Charity during the year were as follows: Mrs J Hayward. Senior Trustee Mrs S Knight, Honorary TreaSU￿r Ms J Dunham Mrs S Vening Mr S Collins Mr P Summerfield The Inlight Trust's Trustees are elected by a majortty 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 seven cases. In general, our policy 1$ to seek potential Trustees who" a) come highly recommended by more than one referee already known to the Trustees, or b) are known already to one or more Trustees to be lik&minded in terms of our obiectNes and activities (see 2 below) and who at the same b.me 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 the potential trustee to be fitst interviewed by the senior trustee and the treasurer and then. after discussion of the issues and accountabilities relating to our part of the tharity worfd. he or she will be invited - subject to mutual agreement - to attend our next three or four quarterly meetings as our guest. The Trustees will then discuss the appointment and vote on it. Provided the majority are in favour the Senior Trustee will then invite our guest to fomially attend our next meeting and complete the necessary documentation as a new Trustee. In terms of training and getting familiar with 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 Charty Commission's website at www.char commission. ov.uk from time to time to acquaint themselves with the guidelines for Trustees. the public Character of charity, the emergence of new charitable purposes, charities for the relief of sickness, etc. In addition, we try to make opportunities for a new trustee to -shad￿ 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 MANAGEMENT AND RESPONSIBILITIES The Trust's purpose is the fvrtherance of charitable religious activities and organisations on an undenominational basis.

The￿ has been no material change in the Trust's grant making policy. It contrnues to be directed towards Charities concemed with relig￿US and spiritual development, healing and growth on an undenominational basts. The routine busin￿68 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 Auditor has also agreed to assist in an advisory capacÉiy. A part-time Administrator assists them. There are currently six Trustees in total. Decisions on Grants and the management of the Trust's assets continue to be made by the Board of Truste88 as a whole at regular meetings. As Trustees of The Inlight Trust we are dLty bound to demonstrate not only competence. challenge. and knowledge of charity affairs, but to make ourselves aware of any significant risks which the Charty 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 resour￿ to deal wf(h any advers& conditions. As to any fresh and signtficant risks and responsibiltties which the Charty may face in the future, we have been Con￿rned that °digital continuty. of documents (that is the ability to use our information in the way we need, for as k)ng as we need) and Ihe availabilty of two signatures re cheques and Other legal documents can both be put at risk by death, accident, changes in organisation. managemen( processes, technology, holidays. or travel. In praclical tenns, our infomiation 1$ only usable if we can find IL open it. WOTk with it, understand it and trust it. In order therefore for us to maintain information ¢ontinuty and the ability to do our business. we ensure that our Administrator acts as a hub for all information, and in case of accident that her infomation system will be understood and accessible 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 activities undertaken in order to Garry out the charity's aims for the public benefrt. When planning the Charity's activities, the Trustees have given regard to the Charity Commissions guidan￿ on public benefit. 3. ACHIEVEMENTS AND PERFORMANCE In the year ending 31 March 2025, The Inlight Trust made.. 23-grants totaling £176,500 giving an average of £7,674 per grant (compared to the year ending 31 March 2024: 22 grants totaling £174,500 giving an average of £7,932 per grant). A detsiled list of grants made in year is induded in note 5 of the attached accounts. Historically the Trustees met quarterly but more regular meetings have taken p]ac8 Sin￿ the Covid 19 Pandemic to ènsure a swffter distribution of fvnds and there are no plans for this to change. The Trustees feel that their objectives have been adequately met this year. However, the Trustees are aware that there are external factor5 which could affect the achievements of their objectives. In respect of investm8nts these are dependent on the general perfomiance of the UK markets. In order to minimize this, the Trustees have set prud8nt investment policies and place reliance on the technical expertise and foresight of the investment managers to monitor and advise on ne￿SSary investrnent changes and suitable asset allocations. There are no restridions on the Charity's power to invest. The investment strategy is set by the Trustees and takes into account incotne requirements, the risk profile and the investment managers view of the market prospects in the medium tem. The overall investment policy is to maximize totai retum.

The investments market value as at 31 March 2025 £780,549 (2024 '. £371,879). Overall the investment portfolio has maintained perfomiancè and after the above reorganisation the investments are being made in accordance with the Trust888' investment policy set out above. The Truste8s are satisfied with th& overall perforniance of the investrnents and remain satisfied that their investment objective5 ar8 being met and their policy is being achi8V8d. 4. FINANCIAL REVIEW The Trust's strategic income policy is to increase both the capital value wherever possible and the income of its assets and to achieve the maximum distribution of income consistent with prudent management. As an endowed Charity, the Trust has never made an appeal for funds. The Trust's income continues to derive from residential properties, from Charitable common investment funds and from bank interest. In re￿nt years the government reduced our dividend income by taxation and introduced leglslatlon that has steadily added to our residential property Costs over and above inflation, and thus to the level of reserves required to maintain the Properties both to a 8atisfaGtory standard and to ensure that they meet current regulatory requirements. Accordingly, we continue to carefully review the p8rfomiance of our residential properties (see 5 below), and whilst we keep infomied about our Investment Fund Manager8, poIiGieS we continue to be satisfiéd with their overall performance. The Trustee8 confimi that all the Trust's investments are in line with the original deed, being in ethical common investment funds, and the Trustees have been advised by their Fund Managers that our Indlrect exposure is less than 5% in areas of concem e.g. tobacco, armaments et thi18t the Trustees work hard to en8ure they act in accordarKe wrth all current rule8 and regulations, the decision was rnade as the world become8 generally more litigious, that it would b8 prudent to reduce the Trustees personal exposure and an appropriate insurance package was purchas8d from Zurich in 2023 and this has been renewed annually. 6. PLANS FOR FUTURE PERIODS During the year under review. in conjunction with our respective managers, we have continued our previously 8Stablished strategic apwoach to the individual and collective Strengths, W8aknes8e8, Opportunities and Threats, in respect of all our investment fund8 and residential properti8S. Working closely wth the Trust's legal advisors consideration is being given to e5tsblishing a CIO for Inlight as a replacement for The Inlight Trust. This would allow the incorporated body to enter into contracts in its own name rather than requiring the Trustees to do this in their individual capacity on behaff ofthe Charity We have continued with our more attentive approach to residential properties., we continue to dispose of selected older properties in which there are no longer Regulated Tenants. in favor of acquiring mor8 modem properties. As alluded to in last year's report consideration to forniing a naw CIO was high on this yearfs Agenda and after much discussion, research and support from the Trust's Legal and Financial Advisors the Trustees are delighted to confimi that the Inlight Trust and The TruemarkTrust will merge into a newly forrned CIO called the Truelight Twst with effect from 1st April 2025. This will therefore be the last Annual R8POrt for The Inlight Trust. Considerable thought was given to the new CIO and in particular the need to continue with the etho8 of the original Trust to ensu￿ the Founders wishes remain at the forefront of how th8 new CIO will function and areas they wish to supporL Ail parties connected with tha newty created CIO are very

happy that this has bean achieved . STATEMENT OF TRUSTEES, RESPONSIBIUTIES The charitls Trustees are responsible for preparing the Trustees Annual Report and the financial statements in accordance with applicable law and UK accounting standards (UK Generally AC￿pted 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 Ihe charity and of the incoming resources and application of resources for the charity for that period. In preparing these fi'nancial statements, the Trustees are required to: select Subtable accounting policies and then apply them consistsntly; observe the methods and principles of the Charities Statement of Recommended Practice (SORP)., make judgments and estimates that are reasonable and prudent; state whether applicable accounting standards have been follow6d, subject to any material d8partures disdos8d and explained in the financial statements and prepare the financial statemerts on the going concem basis unless it is inappropriate to presume that the charity will continue in operation. The Trustees are responsible for keeping proper accountng records that disclose wth reasonable accuracy at the time thè financial position of the chariiy and enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. The Trustees 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. 7. DISCLOSURE OF INFORMATION TO AUDITORS In so far as the Trust88s are aware: there is no relevaTrt audit information of which the charity's auditors are unaware,. and the Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that infomiation. . INCORPORATION OF THE CHARrrY Subsequent to the year end. on 31 March 2025, The Inlight Trust (Charity Number 236782) transferred its assets, liabilities. and ongoing activities to a newly established Charttable Incorporated Organisation (CIO). The Truelight Trust (CIO Number CE037216). The transfer was made in accordance with the goveming document of The Inlight Trust and relevant Charity Commission guidance. The purpose, charitable objectives, and activities of the charty continue through the CIO. The Trustees of the new CIO are substantially the same as those of The Inlight Trust, ensuring continuity of governan￿ and managemenL The Inlight Trust will be fomally removed from the Register of Charities following completion of the necessary statutory procedures. Signed on behaff of the Trustees of The In1￿ht Trust by

MrsJ

Independent Audltorfs report to the Trustees of The Inllght Trust for tha year ended 31 March 2026 Vve have aLKlited the financial statements of The Inlight Trust for the year ended 31 March 2025 set out on pages 8 to 14 which have been prepared on the basis of the accounting policies set out on page 10. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom accounting standards {United Kingdom Generally Accepted Accounting Practice). This report is made solety to the charity's Trustees as a body, in accordance wlth Section 144 of th8 Charities Ad 2016 and the regulations made und&r Section 174 of that Act . Our audit work has b8en undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditorfs report and for no other purp¢)se. To the fullest extent perrnitted by law, we do not accept or assum8 responsibility to anyone other than the charity and the charity's Truste88 as a body. for our audit work, for this report, or for the opinion8 we have fomed. Respectlve respon8lbllltlo8 of Trustees and Audltor As explained more fully in the statement of Trust8es' Responsibilities, the Truste88 are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view. Wè have been appointed as auditor under Section 144 of th8 Charities Act 2016 and report in accordan¢8 Wrth regulations made under section 174 of that Act. Our responsibilty is to audit and express an opinion on the financial statements in accordan￿ with applicable law and International Standards on Auditing (UK and Ireland). Tho80 Standards require us to Comply with the Auditing Practices Board's ethical standards for auditors. Scope of the audlt of the financlal stataments An audit involve8 obtaining evidence about the amounts and disc108ures in the financial statements sufficient to give reasonable assurance that the financial statements are free from material misstatement, whether caused by fraud or error. This includes an assessment of: whether the accounting policie8 are appropriate to the group's circurnstanc8s and have been con3i5tently applied and adequately disclosed,. the rea80nableness of 8ignific8nt accounting estimates made by the Trustees,. and the overall presentation of the financial slatements. We read all the information in the report of Trustees to identify material inconsistencies with the audited financial statements. If we become aware of any apparent material misstatements or inconsistencies we consider the implications for our report. Oplnlon on financlal 8tstsments In our oplnion the financial statements.. gtve a true and fair view of the state of the Charity's affairs as at 31 March 2025 and of the Charity's incoming reSoU￿S and application of resources, for the year then ended: have been propedy prepared in accordance with United Kingdom Generalty Accepted Accounting Practlce and have been prepared in accordance with the requirements of the Charities Act 2016. Matters on whlch we are requlred to report by exception We havè nothing to report in resp8Ct of the following matters where the Charities Act 2016 reqUI￿S us to report to you if, in our opinion..

the infomation given in the report of Trustees is inconsistent in any material respect with the financtal statements- sufficient accounting records have not been kept", the financial statements are not in agreement with the accounting records and returns and we have not re￿iVed all the infomiation and explanations we require for our audtt. Emphasis of matter- Subsoquont Incorporatlon We draw attention to Note 16 & 17 of these financial statements, which describes, that subsequent to the year end, The Inlight Trust transferred tts undertaking, including all assets and liabilities, to a newly incorporated Charitable Incorporated Organisation, The Truelight Trust (CIO Number CE037216) on 5 April 2025. Our opinion is not modified in re8P8Ct of this matter. Paul Branston Adam8 (Senlor Statutory Audltor) For and on Behalf of Branston Adams Statutory Audltors and Chartered Certlfied Accountants South Street Farnham Surrey GU9 7QU 7 January 2026 Date

The Inllght Trust ,Statement of Flnanclal P£tlvlties For the ypar endod 31 March 2025 2025 2024 Not• ' INCOldllNG RESOURCES Investment income .Interest Recervable Rental Income 24,877 . 42.759 6,735 321,873 355,112 TOT￿ INCOMING RESOURCES 379,989 371,367 RESOURCES EXPÉNDÉD Costs of generatirvJ funds: Rental expenses Charitable activities Govemance costs IAnagement and admintsration 109,298 i 176.500 94,909 174,500 101,330 i 52,778 .TOTAL RESOURCES EXPENDED 387,128 322,187 NET RESOURCES EXPENDED BEFORE A8SET DISPOSPL (7,139). 49,180 Gainsl(Loss) on disposals of property assets ,Gainsl(Loss) on dispo_sals of irNestrnent assets 'NET RESOURCES ÉXPENDED BEFORE REVALUATIONS (124,801). (131,940). 49,180 Gainsl(Loss).on revaluations of prope_rty assets .,Gainsl(Loss) on revaluations of investment assets 9,937 '.NET MOVEMENT IN FUNDS FOR THE YEAR 1 (123,666) 59,117 Total funds at 1 April 2024 8,543.432 8,484,315 ,TOTPi FUNDS AT 31 MARCH 2025 . 8,419.766 8,543,432

The Inllght Trust Statement of Flnanclal Position at 31 March 2025 2024 FIXED PSSErs TaTvJible assets investrnents 6.645.OC(I 780.549 7.425,549 8.057,5 371.879 8,429.379 10 CURRENT ￿SErs Debtors Cash 11 6,0 112,853 118,853 993,217 999.017 CREDITORS: amounts fallirvj due within one year 12 (4,8LK)) (4.8￿) NEf CURRENT ASSErs 994,217 114,053 TOT￿ ASSETS LESS CURRENT UNBILrriES 8.419.766 8,543.432 THE FUNDS OF THE CHARrrY Unrestricted ¥Kome fun(ts 13 8.419.766 8.543.432 TOT￿ FUNDS 8.419,766 8,543,432 The financial statemerrt5 were approved by the Twstees on ........ ........ and were signed on their behalf by: ayward io

Not88 to tho flnanclal statements For tho year onded 31 March 2025 1. ACCOUNTING POLICIES a) Basls of preparatlon and Going concem The financial stat8m8nts have been prepared in accordance with the Statement of Recommended Practice.. Accounting and Reporting by Charities preparing their accounts in a¢cordan¢e with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 17 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2016. The twstees consid8r that there are no materlal uncertaintiés about the Trust's ability to continue as a going GOn￿rn. b) Incomlng resource8 Income comprises gross investment incom8, deposit interest and property revenu8. All incoming resources are included in the Statem8nt of Financial Activities when the charity has entiliement to the funds, certainty of receipt and the amount can be measured with 8Lffici6nt reliability. c) Resour￿ expended Resources expended are included in the Statement of Financial Adlvtties on an accruals basis, inclusive of any VAT which cannot be recovered. All expendituffj has been classified under headings that aggregate all costg related to the category. Costs that cannot ba dir8CtIy attributed to particular headings have baen allocated to activities on a basis consistent with use of ￿sOurCes. Grants payable are only recognised in the accounts when a commitment has been made and there are no condrtions to be mat relating to the grant which remain in the control of the charity. d) Fundaccountlng Funds hehj by the charity are unrestricted general funds, which are available for use in accordance with the charitable objects at the discretion of the Trustees. o) Tanglble fixed assets and deprnclatlon Freehold investment properties are professionally valued every five years, which is in accordance with recommended practice. In intervening periods. irwestment propertie8 are shown at market value based on the trustee's review. The last professional valuation took pla¢e during March 2024. Leasehold properttes are shown at market values allowing for the length of temi remaining on the lease and are professionally valued every five years. The last valuation took place during March 2024. No depreciation Is provided on freehold or leasehold properties as they are held as investment properties and recorded at market value.

fj Fixed asset invoslments Investments are a fomi of basic financial instrument and are initially recognised at their transaction value and subsequendy measured at their fair value as at the balance sheet date using the closing quoted market pri￿. The statement of financial activities indudes the net gains and losses arising on revaluation and disposals throughout the year. The Trust does not acquire put optÈons, derivatives or other complex financial instruments. The main fom of financial risk faced by the charity is that of volatility in equty markets and investment markets due to wider economic conditions, the attitud8 of investors to investment risk, and changes in sentiment COn￿rning &quities and within particular sectors or sub sector8. g) Reallsed galns and108ses All 9ains and losses are taken to the Statement of Financial Activrties as they arise. Realised gains and losses on investments are calculated as the difference between sales proceeds and their opening carrying value or their purchase value if acquired subsequènt to th8 first day of the financial year. Unrealised gains and1088es are calculated as the difference between the fair value al the year end and their carying value. Realised and unr8ali8ed investment gain8 and losses are combined in the Ststement of Financial Activities. h) A88ets and Ilablllllos Current a88ets are included at the lower of c08t and net realisable value. Liabilities are generally recogni86d as soon as there 18 a legal or constructive obligation committlng the charrty to the experKliture. Lbabiliti88 are included at their sett18ment value. I INVESTMENT INCOME 2025 2024 UK quoted inve8tments 3. INTEREST RECEIVABLE 2025 2024 Interest receivable 4. RENTAL EXPENDrruRE 2025 2024 Communty charges and general rates Agent's fees Repairs and malntenance Service charges Light & heat and insurance 6,621 45,538 37,695 9,654 493 39,695 30.220 10,346 109,298 94 909 12

1. GRANTS PAYABLE 2025 2024 Grants 176 500 174 500 Grants made as follows in the year ended 31 March 2025: 2025 22105r2024 Phyllls Tuckwell Hospice 1210612024 South West Communrty Chapliancy 1210612024 Wells Cathedral Choir Trust 0710812024 Chichester Cathedral Restoration & Development Trust 0710812024 St Clare Wesse8x Hospice 0710812024 H08PiC8 of St Francls 0710812024 Corby & District Cancer Care 0111112024 St Thomas Crosscrake Communty Fund 0111112024 Rowcroft House Foundation Ltd 0111112024 South Bucks Hospice 0111112024 st Wilfrid's H08pice 0111112024 Bury Hospice 2011212024 Martin House Hospice 2011212024 Lin8day Lodge Ltd 2011212024 St Helena's Hospice 2011212024 Alexander Devine Children's Hospice 2011212024 st John's Folkestone 2810112025 Briiain Yearly Meeting - Quakers (The) 0510312025 Isobel Hospice 0510312025 All Saints Church 0510312025 St Richard's H08pice 0510312025 Christian Family Concem 10.000 5,000 5,000 5,000 12,000 12.000 12,000 6,000 10.000 4,000 10,000 10,000 5,(NJO 5,000 10,000 8,000 5,000 2,500 5,000 5,000 20,000 10,000 176500 13

2. GOVERNANCE COSTS 2025 2024 Management and admlnlstration costs Professional and legal fees Accountancy fees Audit fees Staff salaries Pension Insurance Travel, stationery. postage and offTh expenses 71,691 2.628 2,940 21.665 382 257 1,767 101,330 23.786 2.616 2,880 16,688 241

3. TRUSTEES None of the Trustees or any persons connected with them received any remuneration during the period. Six Trustees and one employee were reimbursed a total of £1.767 {2024- £6,587) for travel, stationery, postage and office expenses. STAFF The average number of person's employed during the year was 1 (2024-1) 2025 2024 Staff costs wore as follows: Staff salaries Social security costs 20,003 1,662 21,665 15.689 979 16,668 No Employee or Trustee recetved emoluments above £60.000.

4. TANGIBLE FIXED ASSETS 2025 2024 Freehold and leasehold investment property As at 1 April 2024 8,057,500 7.057,500 Additions Disposals Revaluations 287.500 1.700,000 1,000,000 Balan￿ as at 31 March 2025 6 645.000 8 057 500 Properties are freehold and leasehold and were last professionally valued during MarGh 2024 on an open market value basis subject to the tenanaes subsisting at the valuation date and the leasehold terms remaining. Trustees have confimied that the value shown accuratety refi6cts the proFerties at market value, in accordance with the Charity's accounting policy. 14

5. INVESTMENTS 2025 2024 Investmonts Valuation Market value as at 1 April 2024 371,879 987,408 Additions Disposals Revaluations 400,396 (625,466) 9.937 8.274 Market value as at 31 March 2025 780,549 371879 The Charity held the following material UK investm8nt portfolios as at 31 March 2025.. 2025 Materlal UK Inv8slments Cazenove Sustainab18 Multi-Asset Fund Cazenove Charity Multi-A88et Fund 306,842 473,707 Market value 88 at 31 March 2025

6. DEBTORS 2025 2024 Trade debtor8 Other debtors 5,800 8,000 5,800 6,000
7. CREDITORS: Amounts falllng due wlthln one year 2025 2024 Pension Accruals 4,800 4.800 4,800

8. FINANCIAL COMMrrMENTS At 31 March 2025 the charity had no financial commitments (2024 - £Nil) 15

9. RELATED PARTY TRANSACTIONS There were no related party transactsons in the year. (2024 - £Nil)

10. TAXATION The Inlight Twst is a registered charity and therefore is not liable to income tax or corporation tax on income derNed from its charitable activities, as it falls within the various exemptions available to registered charf(ies.
11. GOING CONCERN The financial statements have been prepared on a going concem basis. The Trustees have assvssed the chartty's abilty to continue as a going concern and are satisfied that this basis remains appropriate. With effect from 1 April 2025, the adivities. assets and liabilities of The Inlight Trust wll be transferred, together with those of its sister charity The Truemark Trust, into a n6wly incorporated charitsble company, The Truelight TN5t Limited (company number CE037216). The Trustees have considered the resources available to the newly incorporated chartty and are satisfied that there are no material uncertainties that cast significant doubt on the ability of the charitsble aciivities to continue. On this basis, the Trustees consider it appropriate to prepare the financial statements on a going concern basis.
12. SUBSEQUENT EVENTS On 1 April 2025, the activities, assets and liabilities of The Inlight Trust were transferred to The Truelight Trust Limtied (company number CE037216), a newly incorporated char(table company. At the same time, The Truemark Trust. sister charity, was also incorporated into the new entity. Following this transfer, The Inlight Trust has ceased to operate as an unincorporated tharity, With all futu￿ activities tEing undertaken by The Truelight Trust Limited. 16