Company Registration No. N1038180 (Northern Ireland) THE S.P.R.I.N.G. TRUST LTD ANNUAL REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023 THE S.P.R.I.N.G. TRUST LTD ANNUAL REPORT AND UNAUDITED ACCOUNTS CONTENTS Page Company information Directors, report Accountants. report Income ststement ststement of financial position Notes to the accounts THE S.P.R.I.N.G. TRUST LTD COMPANY INFORMATION FOR THE YEAR ENDED 31 MARCH 2023 Directors Gerard Gribbon Brian Lennovi Ann-marie McGuinness Rosemary Murray Robert Windtum Company Nutnber N1038180 (Northem Ireland) Registered Office 19A MULLACREEVIE PARK ARMAGH N IRELAND BT60 4BA 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 armjnts for the year ended 31 March 2023. Directors The following directors held Offi￿ during the vh￿te of the period: Gerard Gribbon Briaii Leiinoii Ann-marie McGuinness Rosemary Murray Rvbvrl Wiridrum statement of directors. responsibilities The directors a￿ responsible for preparing Ihe report and accounts in ac(x)rdance with applicable law and regulations. Company law requires the directors to prepare accounts for each financial year. Under that law. thé directorq hsjvp. p.Iprtèd to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards an(J dvvIiiAible lawl. Under company law the directors must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the company arNI of the profft or loss of the ujmpany for that period. In preparing these accounts. the directors are reqUI￿d to- select suitable accounting wlicies and Ihen apply them consislently. makg judgemonts and eslimales that a￿ rca44onablc and Pfudent., - prvpdre the 8ccounts on the golng concem basi5 unless ll is inappropnate to presume that the company will conts.nue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company'5 transactions and disclose with reasonable accuracy al any time Ihe financial postlion of the company and enable them to ensure that the accounls comply with the Companies Act 2006 ThÈy arp. Alqn rp.%￿n￿1hl9. fnr safpgiiarding the assets of the company and hcncc for taking reasonable steps for the preventFon and detection of fraud and other irregularities. Small company provlsions This report has been prepared in accordarkce with the special provistons rel*ing to small companies within Part 15 of the CompAnip.q Ar.12flnfi. Signed on behalf of the board of directors Brian Lennon Director Approved by the board on: 7 December 2023 THE S.P.R.I.N.G. TRUST LTD ACCOUNTANTS. REPORT Accountsnts. report to the board of directors of The S.P.R.l.N.G. Trust Itd on the preparatlon of the unaudited statutory accounts for the year ended 31 March 2023 In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of The S.P.R l.N.G. Trust Itd for the year ended 31 March 2023 as set out on pages 6 - 8 from the company's accounting records and from information and explanations you have given us. This report is made solely to Ili¥ Board of Directors of The S.P.R.l.N.G. Trust Itd. as a body. in accordance with the temis of our engagemenl. Our work has been undertaken solely lo prepare for your approval the accounts of The S.P.R.l.N.G. Trust Itd and slate those matters that we have agreed to stale lo them, as a bryjy. in this report. To the fullest extent permitted by law, we do not accept or assutne respoiibiijilily to anyone Oiner than The S.P.R.l.N.G. 1.wst Itd and its Board of Directors as a body for our work or for this report. It is your duty lo ensure that The S.P.R.l.N.G. Trust Itd has kept adequate ac(x)unling records and to prepare statutory accounts that give a true and fair view of the assets. liabilities, financial position and loss of The S.P.R.l.N.G. Trust Itd. You consider that The S.P.R.l.N.G. Trust Itd is exempl from the statutory audit reqLSiremenl for the year. We have riol b¥¥ii in5trutted to carry out an audii or a review ot the accounts of The S.P.R.l.N.G. Trust Itd. For this reason. we have not verified the accuracy or completeness of the accounting records or inf0m￿lon arKI explanations you have given to us and we do not, the￿fore, express any opinion on the ststutory accounts. O'connor & Co Unil 1 49 Keady Road Armagh BT60 3NW 7 Decwmber 2023 THE S.P.R.I.N.G. TRUST LTD INCOME STATEMENT FOR THE YEAR ENDED 31 MARCH 2023 2023 Turnover Cost of salg5 46.203 11.6831 Gross profit 44,520 Administrative expenses (63.1411 Operating loss (18,6211 Loss on ordinary activltlès before tsxation (18,621) Tax on loss on ordinary activities Loss foi the financlal year 118,6211 THE S.P.R.I.N.G. TRUST LTD STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2023 2023 Notes Flxed assets Tangible assets 487 Current assets Cash at bank and in hand 25.116 Creditors: amounts falling within one year Net Current a8sets (1,1211 23,995 Net asset5 £4,482 Capltal and reserves Profil and loss account 24,482 Shareholders. funds 24,482 For the year ending 31 March 2023 the company was entitlpd to exemption from aLbdit under section 477 of the Companies Act 2006 relating to small compafties. The members have not required the wmpany to obtain an audit irb acrxjrdance with section 476 of Ihe Gompanles Act 2006. The directors acknowledge their responsibilib'es for complying wth the requirements of the Act with respect to a¢¢ounting records and the preparation of accounts. These accounts have been prepared in Ar￿￿rdanc8 with provisions applie2ble to Compani￿ subiact to tha small companies, regime and in ac(x)rdance with the provisions of FRS 102 Section 1A- Small Entities. The financial statements were approved by the Board of Directors and authorised for issue on 7 December 2023 and were signed oli ils belidlf by Brian Lennon Director Company Ro9i8tration No. N1038180 THE S.P.R.I.N.G. TRUST LTD NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023 1 Ststutory infornlation The S P.R.l.N.G. Trust ttd is a private company, limited by shares. registered in Norlhern Ireland, registration number N1038180. The regislere(l Offi￿ 15 19A MULLACREEVIE PARK. ARMAGH. N IRELAND. BT60 4BA. 2 Compliance with accounting standards The accounts have been p￿pared in accordance with the provisions of FRS 102 Secb'on 1A Small Entib'es. There were no material departures from that standard. 3 Accounting policies The principal accounting FM)licies adopted in the prepara11￿ ol the financial statements a￿ sel out below and have boen consislenlly applied wilhin the same arxounts. Ba515 of preparation The accounLq havè been prepared undor tha htetorical cost Convention as modified by the revaluation of ￿lIal[l fixetj assets. Presentation currency The accounts are presented in £ sterfing. Tanglble flxed assets ana depreciatlon Tangible assets are included 81 cost less depreciation and impaiment. Depreciatton has been provided at the following rates in order lo write off the assets over their estimated useful lives.. Fixture8 & fittin93 20% RB 4 Tangible fixed assets Fixtures & fittings Gost or valuation At l April 2022 At cost 14.360 At 31 March 2023 14.360 Depreciation At 1 April 2022 Charge for the year 13,751 122 Al 31 March 2023 13,873 Net book value Al 31 March 2023 487 5 Creditors: amounts falling due wlthin one year 2023 Trade creditors 1.121 6 Average number of employees Ouring the year the average number of employees was O. The SPRING Trust Ltd Apr 22 - Mar 23 Income ACB&CB Council Big Lottery Youth Action Total Income £98.70 £45.304.16 £800.00 £46,202.86 Expenses Employee Pension Evaluation Overfieads Accounting, Legal and Professional Services Depreciation and Loss on Sale Employee Costs Finance Costs Bank Fees Total Finance Costs General Admlnlstrative Expenses General Office Costs Postage and Stationery Telephone and Intemet Total General Administrative Expenses Pietnises Gosts Electricity Property Insuran Water Rates Total Premises Costs Total Overheads Programme Costs Transport Total Expenses £1.518.25 £3,000.00 £700.00 £122.00 £53,727.52 P_123.05 £123.05 £281.42 £59.26 £900.53 £1,241.21 £835.30 £1,583.01 £291.44 £2,709.75 £58,623.53 £1.102.86 £580.00 £64,824.64 Net Income -£18 621.78