THE INSTITUTION OF LIGHTING PROFESSIONALS
Financial health, per its FY2024 accounts
The accounts state that total unrestricted funds increased to £1,619,687, up from £1,564,970 in the previous year, supported by a 24% rise in turnover to £1,065,768. The charity reported a net income of £54,717 and maintains a healthy cash reserve alongside a diversified investment portfolio that grew in value by 6.74%. The trustees and auditors confirmed the appropriateness of the going concern basis with no material uncertainties identified.
What the accounts disclose
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Emily Bolt
- Graham Neil Skinner
- James Duffin
- John Sutcliffe
- Jonathon David Ayers
- Kieron Jarvis
- Michala Medcalf
- Peter Raynham
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £1.1m | £1.1m |
| 31/12/2023 | £860k | £789k |
| 31/12/2022 | £786k | £716k |
| 31/12/2021 | £553k | £641k |
| 31/12/2020 | £490k | £635k |
Common questions
Is THE INSTITUTION OF LIGHTING PROFESSIONALS financially healthy?
The accounts state that total unrestricted funds increased to £1,619,687, up from £1,564,970 in the previous year, supported by a 24% rise in turnover to £1,065,768. The charity reported a net income of £54,717 and maintains a healthy cash reserve alongside a diversified investment portfolio that grew in value by 6.74%. The trustees and auditors confirmed the appropriateness of the going concern basis with no material uncertainties identified. Its FY2024 accounts were audited by Magma Audit LLP.