Company Registration No. N1038180 {Northem Ireland) THE S.P.R.I.N.G. TRUST LTD ANNUAL REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022 THE S.P.R.I.N.G. TRUST LTD ANNUAL REPORT AND UNAUDITED ACCOUNTS CONTENTS Page Company inforrnation Directors, report Accountants. report Income statement Statement of fin8ncial position Notes to the accounts Detailed profit and loss account 10 THE S.P.R.I.N.G. TRUST LTD COMPANY INFORMATION FOR THE YEAR ENDED 31 MARCH 2022 Directors Brian Lennon Anne-marie M¢Guinness Rosemary Murray Ropert Windrum G81aid Gribbon Company Numbgr N1038180 (Northem Ireland) Registered Office 19A MULLACREEVIE PARK ARMAGH N IRELAND BT60 48A Accountants O'connor & Co Unit 1 49 Keady Road Armagh BT60 3NW THE S.P.R.I.N.G. TRUST LTD (COMPANY NO: N1038180 NORTHERN IRELAND) DIRECTORS. REPORT The directors present their report and accounts for the year ended 31 March 2022. Directors The following directors held office during the whole of the period.. Brian Lennon Anne-marie McGuinness Rosemary Muriay Ropert Windrum Gerard Gribbon Statement of dlrectors. responsibilitles The directors are responsible for preparing the rep)rt and accounts in accordance with applicable law and regulations. Company law requires the d1￿clOr8 to prepare accounts for each finanrial year. Under that law. the directors have elected to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standaid5 and applicable lawl. Undei company law the directors must not approve the accounts unle55 they are satisfied that they giv8 a true and f8ir view of thg st8te of affairs of the company and of the profit or loss of the Company for that period. In preparing these accounts, the directors are required to.. Sg18ct suitable accounting poli¢i85 and th8n apply them consistenuy., make judgements and estimates that are reasonable and prudent., prepare the accounts on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial posits.on ol the company and enable them t() ensure that th8 accounts comply with the Cotnp8nies Act 2006. They are 8150 r85ponsibl8 for safegu8rding th8 as58ts of the cotnpany and hence for taking reasonable steps lor the prevention and detection of fraud and other irregularities. Small company provlslons This report has been prepared in accordan￿ with the special provisions relating to small companies within Part 15 of the Companies Act 2006. Signed on behalf of the board of directors Brian Lennon Director Approved by the board on. 21 December 2022 THE S.P.R.I.N.G. TRUST LTD ACCOUNTANTS. REPORT Accountants. report to the board of directors of The S.P.R.l.N.G. Trust Itd on the preparation of the unaudited statutory accounts for the year ended 31 March 2022 In order to assist you to lulfil your duties under the Companies Aet 2006, we have prepared ft)r your approval the accounts (>f The S.P.R.l.N.G. Trust Itd for the year ended 31 March 2022 as set out on pages 6 - 9 from the company's accounting records and from information and explanations you have given us. This report is made solely to the Board of Directots of The S.P.R.l.N.G. Trust Itd, as a body, In accordanee with the terms of our 8ng8gement. Our work has been undertaken solely to prepare for your approval the accounts of The S.P.R.l.N.G. Trust Itd and stale those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The S.P.R.l.N.G. Trust Itd and its Board tsf Directors as a body for our work or for this report. It is your duty to ensure that The S.P.R.l.N.G. Trust Itd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial rKJSition and loss of The S.P.R.l.N.G. Trust Itd. Y()LJ consider that The S.P.R.l.N.G. Trust 15 exempt frorn the ststulory audit requirement for the ye8r. We have not been instructed to carry out an audit or a review of the accounts of The S.P.R.l.N.G. Trusl Itd. For this reason. we have not verified the accuracy or completeness of the accounting records or information and explanations you have given tts us and we do not, th8r8for8, 8xpres5 any opinion on th8 Statutory accounts. O'connor & Co Unit 1 49 Keady Road Armagh BT60 3NW 21 De￿mber 2022 THE S.P.R.I.N.G. TRUST LTD INCOME STATEMENT FOR THE YEAR ENDED 31 MARCH 2022 2022 Turnovgr Cost of sale5 69,698 15,3541 Gross surplus 64,344 Administrative expenses 166,5841 Operating loss 12,2401 Loss on ordinary activitlgs before taxation 12,2401 Tax onloss on ordinary activities Loss for the financial year 12,2401 THE S.P.R.I.N.G. TRUST LTD STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2022 2022 Notgs Fixgd assets T8ngible assets 609 Current assets Cash at bank and in hand 46,999 Creditors: amounts falling due within one year 14,5051 Net current assets 42,494 Net assets 43,103 Reserves Piofit and loss accoLJnt 43,103 Members. funds 43,103 For the year ending 31 March 2022 the eompany was entiued to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Th8 fT18mb8rs have not required the cornpany to obtain an audit in accordanc8 Wlth s8Ction 476 of the Companies Act 2006. The directors acknowledge their responsibilities ft)r Complying with the requirements of the Act wrth respect to aectsLJnting reeords and the prep8r8tion of accounts. These accounts have been prepared in accordan￿ with the provisions applicable to companies subject to the small ci)mpanies' regime and in accordance with the provisions of FRS 102 Section 1A- Small Entities. The fin8n¢ial ststem8nts were approved by the Board of Directors and authorised for issue on 21 December 2022 and were signed on its behalf by Brian Lennon Director Company Registration No. N1038180 THE S.P.R.I.N.G. TRUST LTD NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022 1 Statutory information The S.P.R.l.N.G. Trust Itd is a private company, limited by guarantee, registered in Northem Ireland, registration number N1038180. Thg register8d office is 19A MULLACREEVIE PARK, ARMAGH, N IRELAND, BT60 4BA. 2 Compliance with accounting standards The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entiiies. There were no material departures from that standard. 3 Accounting policigs The prinap81 aeeounting polieies adopted in the preparation of the financial statements are set out below and have been consistently applied within the s8rn9 8wounts. Basis of preporation The accounts have be8n pr8par8d under th8 historical c05t convention as rnodifi8d by the revaluation of c8rtain fixed assets. Presentation currency The accounts are presented in £ sterling. Tangible fixed assets and depreciation Tangible assets are included at cost less depreciats.on and impairment. Depieaation has been provided at the followng lates in order to write off the assets over their estirnated useful lives.. Computer equipment 20°A R8 4 Tanglble flxed assets Computer equipment Cost or valuatlon At 1 April 2021 At cost 14.360 At 31 March 2022 14,360 Depreciation At 1 April 2021 Charge ft)r the year 13,599 152 At 31 March 2022 13,751 Net book valug At 31 March 2022 609 5 Credltors: amounts falllng due wlthln one year 2022 Trade creditors 4,505 THE S.P.R.I.N.G. TRUST LTD NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022 6 Company limited by guarantee The cotllpany 15 lirnited by guarantee and ha5 no share capital. Every member of the company undertakes to contribute to the asseis ol the company, in the event of a winding up, such an am()unt as may be required not exceeding £1. 7 Average number of employees During the year the average number of employees was 2. THE S.P.R.I.N.G. TRUST LTD DETAILED PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 MARCH 2022 This schedu18 does not form part of the statutory account5. 2022 Turnover Fees 69,698 Cost of sales Carriage Other direct ox)sts 2,400 2.954 5,354 Gross profit 64,344 Administrative expenses Wages and salaries Pensions Rates Light and heat Telephone and lax Bank charges Insurance Repair5 and maintenanee Depreciation Donations Sundry expenses Acwunt8ncy fees 58,474 1,645 275 2,580 837 293 1,306 132 152 11001 390 fjoo 66,584 Operating loss 12,2401 Loss on ordinary activities before taxation 12,2401 10-