2021-12-31-accounts

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Annual Réport and Financial Statement 2021

President’s Foreword

The ILP has helped and supported many of our members through the difficult times of the Covid pandemic. We have all shown great resilience personally, and as an Institution.

We have welcomed a new Chief Executive Officer in Justin Blades, and we have thanked his predecessor Tracey White for all her work with us. Justin brings experience of a major professional membership organisation, running his own business, and has a background in learned society leadership and management. He also has a passion for digital development which will help us to grow the ILP and share our knowledge and expertise effectively.

Over the last year we have promoted our core values based on excellence in lighting. We have demonstrated many membership benefits, and we have worked hard to return to face-to-face events. We have also developed digital platforms to allow hybrid events, which include those members not able to attend events physically.

We continue to use the professional skills of our members to produce new guidance documents which share knowledge and promote best practice.

Our training has now resumed face to face with the ELD but remains online for other courses where needed along with CPD. This allows us to deliver seminars and more formalised training throughout the year and reach a larger number of members across the UK, Ireland, and beyond.

With Justin, the executive team, and volunteers working together on a new strategy document for the ILP, I find myself looking to the future with optimism. We hope for the membership growth and to reach out to even more people with a passion for lighting.

Our success is based on the drive and creative spirit of our dedicated staff and skilled volunteer professionals. I am very grateful to them all.

As the first person to have been Chair of the Young Lighting Professionals (YLP) to become President of the ILP, I feel passionate about the importance of encouraging young people in our industry and in roles where they can inspire the next generation. Our current executive board holds 5 ex-YLP members, highlighting the success of this initiative, and the progressive nature of our membership organisation.

The Institution of Lighting Professionals along with the Young Lighting Professionals is a dynamic and creative organisation at the forefront of lighting. Membership participation is fundamental to our success and is even more important in this ever-changing world.

I hope the information within this report will encourage a new generation to understand that getting involved gives you a voice and allows you to be part of an organisation at the forefront of lighting.

Together we can influence a sustainable lighting industry and have a positive impact on society as a whole.

Fiona Horgan ILP President

Our mission

To provide leadership promoting best practice for all aspects of lighting for the benefit of everyone.

By providing membership support, CPD, training, education, and events for those in the lighting profession and related fields to develop their knowledge, competencies, and skills, we achieve public benefit.

Our vision

Better lighting for all.

In setting and establishing standards for good practice, the Institution seeks to ensure that its members attain and develop the professional knowledge, education, and skills to meet necessary competencies, and to enhance their careers.

Working on exterior and interior projects, in public spaces, workplace, leisure, retail and residential applications, members of the Institution of Lighting Professionals deliver excellence in light and lighting.

Our objectives

The Institution was formed to promote, encourage, and improve the science and art of lighting for the benefit of the public and for this purpose to facilitate the exchange of information and ideas on the subject among members of the Institution and otherwise and in furtherance thereof.

Structure, governance, and management

The Institution of Lighting Professionals has previously been known as: The Institution of Lighting Engineers

The Institution of Public Lighting Engineers The Association of Public Lighting Engineers Limited

The organisation was incorporated on January 21[st] , 1928. It is registered as a charity 268547 with the Charity Commission and company 227499 with Companies House in England. The Institution’s present governing document is its Articles of Association 2010, as amended by Special Resolution on September 23[rd] , 2015. This document is available at www.theilp.org.uk and printed copies on are available on request.

The Trustees of the Charity are also Directors of the Company. They make up the ILP Executive Board: the governing body of the Institution.

This team is responsible for the regulatory and financial functions with the Chief Executive Officer holding the position of Company Secretary.

During the year, the Trustees of the Institution had due regard to the Charity Commission’s public benefit guidance when exercising their powers and duties. The Executive Board considers that the Institution’s objectives and activities are for the public benefit. This consideration underpins the projects and decisions made by the organisation.

At the start of 2021, the members of the Executive Board were:

President Anthony Smith Senior Vice President Fiona Horgan Immediate Past President Colin Fish Junior Vice President Vacant Honorary Treasurer John Sutcliffe Honorary Treasurer James Duffin Co-opted Board member Kevin Grigg Co-opted Board member Alan Jaques Chief Executive Officer (non-voting) Tracey White

At the instigation of the Chief Executive, a request for expression of interest in serving on the Executive Board is sent to the two serving Honorary Treasurers and every Vice President serving at the commencement of each calendar year.

Expressions of interest are considered at a joint meeting of the Executive Board and the previous five Past Presidents, as defined in the Articles.

We held our Annual General Meeting on June 16[th] , 2021. The Executive Board confirmed at the meeting comprised:

President Fiona Horgan Senior Vice President Rebecca Hatch Junior Vice President Perry Hazell Immediate Past President Anthony Smith Honorary Treasurer James Duffin Honorary Treasurer John Sutcliffe Co-opted Board member Colin Fish Chief Executive Officer (non-voting) Tracey White (until 31[st] October 2021) Chief Executive Officer (non-voting) Justin Blades (from 1[st] November 2021)

The posts of Junior Vice President, Senior Vice President and Honorary Treasurer and Assistant Honorary Treasurer are subject to annual appointment in line with the requirements of the Institution’s Articles of Association.

Volunteers

The ILP Council comprising Regional Representatives, Vice-Presidents, YLP and the Executive Board, meet regularly to discuss and co-ordinate ILP activities and initiatives.

Young Lighting Professionals (YLP) is a section of the ILP focussing on how best to serve members aged 35 or under, or in the first few years of their lighting career, supported by a volunteer YLP committee.

Vice Presidents take responsibility for key areas within the Institution, supported by committees, working groups and other volunteers.

At the start of 2021, the following Vice Presidents were in post:

Membership Development	Glen Warner
Architectural	Graham Festenstein
Local Authority	Michala Medcalf
Technical	Haydn Yeo
Education	Kimberly Bartlett
Government & Policy	Alistair Scott
Contracting	Steve Biggs
Products	Scott Pengelly
Engineering Council	Guy Harding

More options to keep connected and grow your knowledge

The ILP team have continued to offer additional opportunities for our community to communicate and engage with each other, building on some of the lessons learned during the Covid-19 pandemic whilst taking a sensible path back to face-to-face physical training and events as and when the public health situation allowed.

Hi Lights

ILP’s Hi Lights, an online session for everyone in lighting, continues to help connect our community. The 2-hour drop-in sessions offer networking opportunities and provide access to speedy advice from lighting peers, peer-to-peer support with projects and specifications and the chance to virtually connect with a group of lighting colleagues.

Now established as a monthly event, Hi Lights has connected hundreds of professionals from all over the globe, from India to Ireland, from student to Fellows, from manufacturers to designers.

ILP’s 2021 Online AGM

Once again in 2021, ILP’s AGM was transformed into a digitally delivered event that allowed our community to come together to provide the important oversight and governance, which the ILP requires as a charitable organisation. The event was also an opportunity to find out more about our activities and opportunities that members can participate in to develop the knowledge, networks, and skills.

ILP Webinar programme

Working alongside our staff team at Rugby, Lighting Delivery Centre committee members delivered several CPD webinars throughout the year. Topics included:

The Role of Public Lighting in Designing Safer Places
Technological Challenges in Smart Public Lighting
Relighting spaces in the Built Environment
The Fascination of Colour
Dark Skies or Safer Streets – Are We Taking a Holistic Approach?

Sustainability CPD event

On 11[th] November we returned to face-to-face CPD delivery with our Sustainability CPD afternoon event held in London. The event was timed to coincide with the COP26 conference in Glasgow and our speakers covered topics as varied as creating the circular economy in the lighting industry to reuse of lighting equipment to a vision for the built environment and practical solutions to help Local Authorities to achieve net zero.

The Lighting Journal

The Lighting Journal is distributed to lighting professionals including lighting designers, consultants, and engineers. The Lighting Journal delivers information on all aspects of the lighting profession including technical coverage and development, new products and services, and professional news. ILP members receive every issue of the Lighting Journal by post or digitally and can also access back issues in the library at Regent House.

The Lighting Column Technical Forum (LCTF)

The Forum is an independent section of the ILP. The group was formed to provide a source of knowledge, expertise, and information on all aspects of lighting column specification, design, manufacture, supply, storage, and installation together with many of the associated products, materials and treatments.

Our website continues to provide advice and information to everyone through our free-to-read content and content restricted to members-only.

Our online member portal allows members to record CPD, access ILP documents, change personal details, pay subscription fees, and check membership grades and numbers.

CPD Training and Education

ILP continues to deliver quality technical CPD training in lighting and we were delighted to be able to restart our programme of face-to-face residential and one-day courses in 2021 with stringent Covid-19 safety protocols in place to keep everybody safe:

Two courses were delivered in conjunction with Engineers Ireland, building on our Memorandum of Understanding with them: Understanding Lighting Assets & Understanding Lighting Design. Each course has 8 hours of recorded content and concludes with a half-day student/tutor tutorial. 3 sessions of each have been delivered so far
Our well-respected Exterior Lighting Diploma (ELD) Modules A & B were delivered in autumn 2021
ELD modules A, B & C were also delivered in spring 2022 with another series planned for September, October & November later in the year
Two onsite ATOMS courses have been delivered, one in November 2021 and the other in March 2022

ILP Online Training Portal

Our online training portal continues to provide online access to our courses and education in a format that makes it easy for members to learn and address their CPD needs at their own pace, when and where they like.

The platform offers online versions of ILP’s most popular one-day courses: Asset Management Toolkit: Minor Structures (ATOMS) Fundamentals and the Fundamental Lighting course.

Online Application of GN01 Obtrusive Light

Developed to offer information about the causes of obtrusive light and sky glow as well as practical advice about how to assess lighting installations. The course is seen as a valuable resource for lighting professionals, designers, planning officers and environmental health officers engaged in enforcement.

Technical Knowledge and Assistance

During 2021, the Technical Committee, led by their Vice President, worked on the development of several publications. This year saw the publication of the following documents:

PLG26 Corrosion Protection of Minor Structures

This document updated technical report 26 Painting of Lighting Columns, published in 2003. The new document has information about the latest thinking regarding protective systems for minor structures (lighting columns, signposts, and the like). The document also incorporates and updates previous advice about column root protection and galvanising. Both previous documents are, therefore withdrawn.

Guidance Note 1 for the Reduction of Obtrusive Light 2021

The 2020 version of GN01 was a much-amended update aligning with the latest thinking from CIE. However, readers found some of the new metrics difficult to understand and apply so a 2021 version was produced that contains further explanations and worked examples.

Guidance Note 12 The Smart Lighting Column

Published to offer practical advice to those thinking of using lighting columns for telecoms apparatus, mobile 5G mini cells or smart cities infrastructure. It offers practical advice to both the asset owner and the apparatus applicant suggesting a process that aligns with good industry practice.

Response to report on the decline of insect populations and artificial light

ILP also responded to the “Street lighting has detrimental impacts on local insect populations” report by Science Advances that was published in August 2021.

The Institution continues to provide evidence-based input into important scientific research and, as in this case, balance the need to provide technical guidance on fit-for-purpose lighting solutions with the equally important need to preserve and protect our planet and wildlife. We provide the capability to issue timely responses on behalf of the membership to reports likely to be of concern to lighting professionals, thereby ensuring a unified approach for the industry.

Representing the Lighting Community

The Institution has also been represented by either our Technical Director or appropriately experienced and qualified members on the following bodies:

Lighting Liaison Group
UK Lighting and Technology Board
ADEPT (ILP acts as secretariat)
BSI
CiE
NHSS 6 & 8

House of Lords Afternoon Tea

The Institution held an Afternoon Tea at the House of Lords on 28[th] September to highlight lighting’s role in promoting the circular economy, sustainability and society’s need to achieve Net Zero. ILP President Fiona Horgan, David Newman, a former executive director of Greenpeace and Baroness Barker all delivered passionate speeches on the topics ahead of November’s United Nations Climate Change Conference (COP26) in Glasgow.

Financial Report 2021

The Financial Report is presented in a summarised form on pages 19 and 20 to make the Institution’s financial affairs more readily understood. For those who wish to have sight of the full financial statements, these are available upon request at the Annual General Meeting or from the Institution’s Rugby office. The trustees, who are also directors of the ILP for the purposes of the Companies Act 2006, have adopted the provisions of 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 Ireland (FRS 102) (effective 1 January 2015). The accounts have been audited by Magma Audit LLP, Chartered Accountants, and approved and signed by the Institution’s Executive Board on 5[th] May 2022.

The Statement of Financial Activities shows turnover in 2021 of £552,622. The net movement in funds which includes gains and losses on investments was a decline of £12,077. The Balance Sheet at 31[st] December 2021 shows total funds of £1,452,534 compared with £1,464,611 on 31[st] December 2020.

Whilst there has been some easing of restrictions in response to the Covid-19 pandemic in 2021, staff have remained working from home for most of the year. ILP continued to deliver online CPD webinars, training courses and events. The first in person event of the year took place in September 2021 with a walking tour along the Thames and an ILP Sustainability CPD afternoon followed in November. The Exterior Lighting Diploma Modules returned in October.

The reduced programme of face-to-face events and training as a result of the pandemic continued to impact on ILP’s finances. Two budgets were set in 2021 to reflect different conditions and the accounts were closely monitored against these budgets. A full set of ILP accounts were prepared each quarter, presented to Executive Board by the treasurers for discussion and approval. A year end forecast was calculated and monthly valuations on investments were requested from 121-Advice Ltd (ILP’s investment managers).

Investment policy and objectives

The day-to-day management of the charity’s investments is carried out by the investments managers under instruction from the trustees. The managers are responsible for selecting appropriate investments to provide both income and capital growth.

There were no changes in the investment policies of the fund which continue to be the pursuit of real growth through a wide range of investments coupled with a low risk, high return on certain cash investment and Government stocks.

Statement from 121-Advice Ltd (ILP’s Investment Managers) Economic backdrop

“2021 continued to be dominated by the Covid-19 global pandemic with excellent developments made throughout the year in terms of treatment and suppression of the health impact of contracting the virus”.

The development of a range of vaccines throughout 2020 and their implementation from December 2020 onwards began to show very positive benefits in reducing the effects of the virus, and the roll out of vaccination programmes across the globe was much welcomed.

The impact of the pandemic continued to have wide-spread effects on the global economy during 2021 with both suppressed demand for goods and services, due to various lockdowns, and reduced supply due to the effects of reducing workforce and production capacity, increased delivery times and the ripple effect this had across the globe.

Inflation concerns started to become evident towards the end of the year in respect of the effect that the injection of $trillions into the global economy by all major central banks would have in increasing the money supply. It became clear that central banks would need to consider the implementation of a number of interest rate rises over the coming years, together with other forms of monetary policy and fiscal tightening. Any increase in interest rates would have an impact on tech/growth stocks as these are typically priced by the market on a net present value/discounted cashflow basis.

As the world began the slow exit from the pandemic, the sharp upturn in demand for goods and services was met with supply-side limitations. The world continued to suffer with restrictions in capacity to increase production and the weakness of extended supply chains became evident.

Having crashed to minus $38 per barrel due to an oil glut at the height of the pandemic, the price of oil recovered to $50 per barrel at the beginning of 2021, strengthening throughout the year and averaging around $70 per barrel in the latter part of the year.

In addition to the impact of Covid on global markets, concerns were raised towards the end of the year as Russia continued to build up military forces on the Ukrainian border.

Investment Portfolio

During the 12 months to 31st December 2021, the portfolio performed well, gaining 7.98% over the 12-month period. This represents a positive result given the economic backdrop and volatile market conditions. The portfolio benefitted from its allocation to the UK stock market in the order of 30% of overall holdings. The FTSE100 returned 14.3% during 2021 and this added to the performance of the portfolio, with UK equities having under-performed other markets since the Brexit vote back in 2016.

A healthy allocation to cash as well as a globally diversified portfolio with exposure to a range of forward-looking industrial sectors helped bolster returns in 2021 with the portfolio having proved very resilient throughout the pandemic during the previous year. The investment risk of the ILP portfolio is reduced due to diversification across global equity markets and other asset classes, such as Gilts, fixed interest instruments and some commercial property.

The move to invest some of the portfolio into funds specialising in technology, infrastructure and other diversifying asset classes has provided excellent returns since February 2016, with notable performances from Allianz Technology Trust (359% total gain), Scottish Mortgage Investment Trust (378% total gain) and First Sentier Global Listed Infrastructure (85% total gain).

The portfolio continues to be maintained with a view to future growth and continues to be monitored on an ongoing basis.”

Simon Knott BA (Hons) CertPFS

Managing Director

121-Advice Limited, Exchange House, 12-14 The Crescent, Taunton, TA1 4EB

The process for budget setting of events, training courses and exhibitions continues to be reviewed and the processes put in place ensure that these are accurately set, monitored, and reviewed after the event has taken place. The ILP continues a rolling programme of market-testing for the provision of goods and services. A full set of ILP accounts is prepared each quarter and these are compared to the budget. The accounts are discussed and approved by the Executive Board.

The ILP’s Executive Board remains committed to providing value for money services and benefits to the members and account should be taken of the wide range of activities and initiatives carried out by the President, Vice Presidents, the Chief Executive, and staff, and by members themselves. All these people are to be congratulated on the excellent work which has been done during the year, in difficult circumstances, and it must not be forgotten that a lot of this is carried out by members in their own time, unpaid and with the generous support of their companies for which we are very grateful.

As Honorary Treasurers, our thanks are due to the Executive Board, the various Committees, the President, Vice Presidents, the Chief Executive, staff at Rugby and to you, the members, for your continuing support of the Institution.

James Duffin and John Sutcliffe - Honorary Treasurers

Statement by the Institution’s Trustees

The financial information presented on pages 19 and 20 is only a summary of information shown in the Institution’s statutory financial statements.

The Institution’s financial statements for the year ended 31 December 2021 have been audited. The auditor issued an unqualified opinion on the annual accounts and reported that the information given in the Report of the Executive Board Members was consistent with the financial statements.

A copy of the statutory audit report is included on pages 15 to 18. The full financial statements have been filed at Companies House.

The Trustees

Independent Auditors Statement

We have examined the summarised Financial Statements of the Institution of Lighting Professionals for the year ended 31 December 2021, set out on pages 19 and 20, and can confirm that the summarised Financial Statements are correctly extracted from the Statutory Financial Statements as filed at Companies House and the Charities Commission.

We have attached below an extract of the Statutory Audit Report from the Financial Statements for the year ended 31 December 2021 as filed at Companies House.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF THE INSTITUTION OF LIGHTING PROFESSIONALS

Opinion

We have audited the financial statements of The Institution of Lighting Professionals (the 'charitable company') for the year ended 31 December 2021 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. 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).

In our opinion the financial statements:

give a true and fair view of the state of the charitable company's affairs as at 31 December 2021 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements, or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Report of the Trustees has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of trustees' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit; or
the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees.

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Based on our understanding of the company and industry, we identified the principal risks of non-compliance with laws and regulations, and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the financial statements such as the Companies Act 2006. We evaluated management’s incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to posting inappropriate journal entries and management bias in accounting estimates. Audit procedures performed included:

discussions with management including consideration of known or suspected instances of non-compliance with laws and regulation and fraud;
challenging assumptions made by management in their significant accounting estimates, in particular in relation to the values of the freehold property, investment property and investment portfolio and the judgements formed;
identifying and testing journal entries, in particular any journal entries posted with unusual account combinations, journal entries crediting cash and journal entries with specific defined descriptions.

There are inherent limitations in the audit procedures described above. We are less likely to become aware of instances of non-compliance with laws and regulations that are not closely related to events and transactions reflected in the financial statements. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' 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 charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Richard Lodder (Senior Statutory Auditor) for and on behalf of Magma Audit LLP Chartered Accountants Statutory Auditor Magma House, 16 Davy Court Castle Mound Way Rugby CV23 0UZ

Date 6 May 2022

The Institution of Lighting Professionals Summarised Financial Statements Statement of Financial Activities for the year ended 31 December 2021 INCOME AND ENDOWMENTS FROM Charitable activities Other trading activities Investment income Total EXPENDITURE ON Raising funds Charitable activities Other Total Net gains/(losses) on investments NET EXPENDITURE RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD	2021 Unrestricted fund £ 512,897 17,586 22,139 552,622 12,737 572,998 54,833 640,568 75,869 (12,077) 1,464,611 1,452,534	2020 Total funds £ 443,591 17,128 29,270
		489,989 18,405 555,213 61,811
		635,429 (2,884)
		(148,324) 1,612,935
		1,464,611

The Institution of Lighting Professionals Summarised Financial Statements Balance Sheet At 31 December 2021 FIXED ASSETS Tangible assets Investments Investments Investment property CURRENT ASSETS Stocks Debtors Cash at bank CREDITORS Amounts falling due within one year NET CURRENT LIABILITIES TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS Unrestricted funds TOTAL FUNDS	2021 Total funds £ 378,915 865,480 215,000 1,459,395 3,311 53,090 87,913 144,314 (151,175) (6,861) 1,452,534 1,452,534 1,452,534 1,452,534	2020 Total funds £ 382,620 893,839 215,000
		1,491,459 3,951 12,931 89,728
		106,610 (133,458)
		(26,848) 1,464,611
		1,464,611
		1,464,611
		1,464,611

Institution of Lighting Professionals Registered office: Regent House, Regent Place, Rugby, CV21 2PN 01788 576492 www.theilp.org.uk Registered in England No. 227499 Registered Charity No. 268547

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REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF THE INSTITUTION OF LIGHTING PROFESSIONALS Oplnlon We have audited the financial statements of The Institution of Lighting Professionals (the 'charitable company'l for the year ended 31 December 2021 which comprise the Statement ol Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary ol significant accounting policies. 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). In our opinion the financial statements.. give a true and fair view ol the state of the charitable company's affairs as at 31 Decernber 2021 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended., have been property prepared in accordance with United Kingdorn Generally Accepted Accounting Practice., and have been prepared in accordance with the requirements of the Cornpanies Act 2006. Basis for opinion We conducted our 8udit in accordance with Inlemation81 Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the financial statements section of our report. We ale independent of the ch8ritable MpanY in awrdance with the ethical requirements that are relevant to our audit of the financial slalements in the UK, including the FRC'S Ethical Standard. and we have fulfilled our other ethical responsibilities in accordan with these requirements. We believe that the audit evidence we have obtsined is sufficient and appropii8le lo provide 8 basis for our opinion. Conclusions relating to going concern In auditing the financial ststements, we have concluded that the Iiuslees, use of the going ¢on¢ein basis of 8cGounling in the preparation of the financial staternent5 is appropriate. Based on th8 work we have p8rfotm8d, w8 h8V8 not identifi8d any tnaterial uncert8inties ielating to 8vents or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concem for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going cOnM are described in the relevant sections of this report. Other InfomiatSon The trustees are responsible for the other information. The other information comprises the information induded in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon. Our opinion on the finanaal statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any fomi of assurance condusion thereon. In connection with our audit of the financial statements, our responsibilrty is to read the other information and. in doing so, consider whether the other information is materially inconsistent with the financial staternents or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstaternents, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. 11, based on the work we have performed, we conclude that there is a material misstalemenl of this other information. we are required lo report that fact. We have nothing to report in this regard. Opinions on other matters prescribed by the Companies Act 2006 In our opinion, b8sed on the work undertaken in the course of the 8udit.' the inform8tion given in the Report of the Tiuslees for the financial year for which the financial slalernenls ale prep8ied is consistent wth the financi81 statements.. and the Report of the Trustees has been prepared in accordance with applicable legal requirements. Matter8 on which we are required to report by exception In the light of the knowledge and understanding of the charitable company and it5 environment obtained in the course of the audit. we have not Identified material misstatements In the Report of the Trustees. We have nothing to report in iespect of the ft>llowing matters where the Companies Ad 2(KJ6 requires us to report to you if, in our opinion-. adequate accounting records have not been kept or ieturns adequate for our audit have not been received from branches not visited by us", or the financial statements are not in agreement with the accounting records and retums., or certain disclosures of trustees, remuneration speafied by law are not made,. or we have not received all the infomation and explanations we require for our audit," or the trustees were not entitled to take advantage ol the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees. Page 8

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF THE INSTITUTION OF LIGHTING PROFESSIONALS Responsibilitles of trustees As explained more lully in the Statement of Trustees, Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company lawl are responsible for the preparation of the financial statements and for being satisfied that they give a true and lair view, and for such internal control as the trustees detemine is necessary to enable the preparation ol financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disdosing, as applicable. matters related to going conrn and using the going concem basis of accounting unless the trustees either intend to liquidate the charitable company or lo cease operations, or have no realistic alternative but to do so. Our ponsIbIlitieS for the audit of the financial statements Our objectives are lo obl8in reasonable assur8nce about whether the financial statements as a whole are free frorn material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, bul is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material misstatement when il exists. Misstalemenls can arise frorn fraud or error and are wnsideied material if. individually or in the 3ggregale. they Uld reasonably be expected to influence the economic decisions of users tsken on the basis of these financial slalerllents. The extent lo whith our proTrduies are ¢3pable of delecling irregularities, including fraud is detailed below.. Based on our understanding of the company and industry. we identified the piincipal risks of non-wmpliance with laws and regulations. and we considered the extent to which non-compliance might have a m8teri81 effect on the financial statements. We a150 considered those law5 and regulations that have a direct impact on the financial statement5 such as the Companies Act 2006. We evaluated management's inn(iveS and opportunities ft>r fraudulent manipulation of the rinancial staternent5 (including the risk of overiide of controlsl, and detemiined that the principal risks were ielated to P05ting inappropriate itsurnal entiies and management bias in accounting estimates. Audit procedures performed included". discussions with management including consideration of known or suspected InStanS of non-complian wrth laws and regulation and fraud", challenging assumptions made by management in their significant accounting estimates, in particular in relation to the values of the freehold property, investment property and investment portfolio and the judgements fomed., identifying and testing journal entries, in particular any joumal entries posted with unusual account combinations, journal entries crediting cash and journal entries with specffic defined descriptions. There are inherent limitations in the audit procedures described above. We are less likely to become aware of instances of non-compliance with laws and regulations that are not dosely related to events and transactions reflected in the financial statements. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion. A further description of our responsibilities for the audit of the finanaal staternenls is located on the Finanaal Reporting Council's website at www.frc.org.uklauditorsrespon3ibilities. This description forrns part of our Report of the Auditors. A further description of our responsibilities for the audit of the financi81 slalernents is located on the Finanry81 Reporting Council's website at www.frc.org.uklaudilorsresponsibilities. This description forms part of our Report of the Independent Auditors. Page 9

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF THE INSTITUTION OF LIGHTING PROFESSIONALS Use of our report This report is made solely tr) the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 20C6. Our audit work has been undertaken so that we might state to the Charitab company's members those matters we are required to state to them in an auditors. report and for no other purpose. To the fullest extent pemitled by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed. . Aa;+ UP Richard Lodder (Senior Statutory Auditor) for and on behalf of Magma Audit LLP Chartered Ac£ountants Statutory Auditor Magma House. 16 Davy Court C8sUe Mound Way Rugby CV23 OUZ Dale.. .6.th..May.2022................ Page 10

President’s Foreword

Our mission

Our vision

Our objectives

Structure, governance, and management

Volunteers

More options to keep connected and grow your knowledge

Hi Lights

ILP’s 2021 Online AGM

ILP Webinar programme

Sustainability CPD event

The Lighting Journal

The Lighting Column Technical Forum (LCTF)

CPD Training and Education

ILP Online Training Portal

Online Application of GN01 Obtrusive Light

Technical Knowledge and Assistance

PLG26 Corrosion Protection of Minor Structures

Guidance Note 1 for the Reduction of Obtrusive Light 2021

Guidance Note 12 The Smart Lighting Column

Response to report on the decline of insect populations and artificial light

Representing the Lighting Community

House of Lords Afternoon Tea

Financial Report 2021

Investment policy and objectives

Statement from 121-Advice Ltd (ILP’s Investment Managers) Economic backdrop

Investment Portfolio

Simon Knott BA (Hons) CertPFS

Managing Director

121-Advice Limited, Exchange House, 12-14 The Crescent, Taunton, TA1 4EB

James Duffin and John Sutcliffe - Honorary Treasurers

Statement by the Institution’s Trustees

Independent Auditors Statement

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF THE INSTITUTION OF LIGHTING PROFESSIONALS

Opinion

Basis for opinion

Conclusions relating to going concern

Other information

Opinions on other matters prescribed by the Companies Act 2006

Matters on which we are required to report by exception

Responsibilities of trustees

Our responsibilities for the audit of the financial statements

Use of our report

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