LIGHT
Producing quality Christian music and educational resources. Live music bands, printed materials, the internet and multi-media are all used to communicate Christianity to young people in ways that are relevant to today?s youth culture and perspectives
Financial health, per its FY2024 accounts
The accounts state that the charity recorded a net deficit of £42,293 for the year, resulting in total unrestricted reserves of £8,239. The trustees acknowledge that free reserves of £3,601 are significantly below their stated policy target of £175,000, presenting a challenge to financial resilience. Despite this, the trustees consider the charity a going concern, citing an active supporter base, a match-funding agreement with the Souter Foundation, and cost-control measures.
What the accounts disclose
“One employee earned between £100,000 and £110,000” — page 26
“In 2024, two employees received total remuneration in excess of £60,000” — page 26
“At 31 December 2024, the charity’s total unrestricted reserves were £8,239, of which £3,601 were available as free reserves. This level of reserves is below the Trustees’ target”
“The Trustees consider the charity a going concern, based on forward funding prospects and strong donor engagement, but acknowledge the need to improve the reserves position in 2025.” — page 8
“£1,250 (2023 - £0.00). was received in donations from Trustees” — page 30
“At the end of the year the charity owed expenses of £75.34 to L West and £721.96 to N Milnes, both senior managers of the charity.” — page 30
“£1,250 (2023 - £0.00). was received in donations from Trustees” — page 30
“At the end of the year the charity owed expenses of £75.34 to L West and £721.96 to N Milnes, both senior managers of the charity.” — page 30
“The wholly owned trading subsidiary, Light Music Trading Limited, which is incorporated in the United Kingdom aims to pay all its profits to the charity by gift aid.” — page 22
Structured financials (annual return, FY ending 31/12/2024)
Register events
- Received assets from another charity (17/09/2024)
Trustees
- Timothy John Levellchair
- Akeel Sachak
- Alex Millington
- David Campbell Niblock
- Nathan cross
- Oladapo Oluwaseyi Badejo mr
- Ruth Joelle JACKSON
- faye de Pelet
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £612k | £654k |
| 31/12/2023 | £199k | £149k |
Common questions
Is LIGHT financially healthy?
Per its FY2024 accounts: The accounts state that the charity recorded a net deficit of £42,293 for the year, resulting in total unrestricted reserves of £8,239. The trustees acknowledge that free reserves of £3,601 are significantly below their stated policy target of £175,000, presenting a challenge to financial resilience. Despite this, the trustees consider the charity a going concern, citing an active supporter base, a match-funding agreement with the Souter Foundation, and cost-control measures. Its FY2024 accounts were independently examined.
What does the highest-paid employee of LIGHT earn?
Per its FY2024 accounts, the highest-paid employee was in the £100,001 - £110,000 band, and 2 employees earned over £60,000.