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 2024 THE S.P.R.I.N.G. TRUST LTD ANNUAL REPORT AND UNAUDITED ACCOUNTS CONTENTS Page Company inf0mat￿n Directors. report Income statement ststement of financial postlion Notes to the accounts THE S.P.R.I.N.G. TRUST LTD COMPANY INFORMATION FOR THE YEAR ENDED 31 MARCH 2024 Dlrectors Rosemary Murray Gerard Gribbon Rev Brian Lennon Ann-marie McGuinnes$ Robert Windrum Company Number N1038180 (Northem Irdandl Reglstered Office 19A MULLACREEVIE PARK ARMAGH N IRFI.AND BT60 4BA Accountants O'connor & Co Unit 1 49 Keady Road Am)agh BT60 3NW THE S.P.R.I.N.G. TRUST LTD (COMPANY NO: N1038180 NORTHERN IRELAND) DIRECTORS. REPORT The diredors present their report and accounts for the year ended 31 March 2024. Directors The following directofs held office during the whole of the perK)d." Rosemary MLtrray Gerard Gribbon Rev Brian Lennon Ann-marie McGuinness Robert Windrum Statament of directors. responsibilities The directors are responsible for p￿paring the report and accounts in acc<)rdanc* with applicable law and regulations. Company law requires the directors to prepare accounts for each financbal year. Under that law, the directors have elected to prepare the accounts in accoruance with United Kingdom Generalty A¢￿pIed Acojunting Practice (United Kingdom Accounting Standards 8nd applic￿￿le lawl. Under company law the dir•etors must not approve the accounts unless they are satiafied that they give a true and fair view of the state of affairs of the ￿MpanY and ol the profit or loss of the company for that period. In preparing these accounts, the directors are required to: - select suitablc accounting polici¢¥ and then apply them consistenty. make judgements and eslimales that are reasonable and prudent- - prepare the accounts on thp going cfjncem basis unless it is inappropriate to p￿Sume that tho company will continue in busin886. The directors are ￿sponSible 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 position of the company and enable them to ensure thet the accounts comply with the Companies Act 2006. They are also fesponsible loi saleguaidiiiy ilie dbb¥ib" u( IIIE fx5rnpany and hence lor tsking ￿asOnable steps for the prevention and detection of fraud and other irregularities. Small company provlslons This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006. Signed on behalf of the board of directors Rosemary Murray Director Approved by the board on.. 6 November 2024 THE S.P.R.I.N.G. TRUST LTD INCOME STATEMENT FOR THE YEAR ENDED 31 MARCH 2024 2024 Tumover Cost of sales 52,509 14.4091 Gross profft 48,100 Administralive expenses 163.2921 OpeTatlng lo55 {15,192) Interest payatslè and similar charges Loss on ordinary activltles before taxation (15,191) Tax on loss on ordinary activit'ies Loss for the financial year (15.1911 THE S.P.R.I.N.G. TRUST LTD STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2024 2024 Notes Fixed assets Tangible assets 1,615 Current assets Cash at bank and in hand 22,190 Creditors: amounts falllng due within one year Net current assets 12.515) 10,675 Total assets less current Ilabilities 21.290 Credltors: amounts falling due after more than one year (12.0001 Net assets 9.290 Capltsl and reserves Profit and loss account 9.290 Shareholders. funds 9,290 For the year ending 31 March 2024 th8 company was entitl&l to exemption from audit under section 477 of the Companies Act 2006 relatin9 to small companies. The members have not required the company to obtain an audit in a0￿rdance with section 476 of the Companies Act 2(￿. The ¢Jirectors acknowledge their res￿nSibl1￿1eS fof complying wth the requirements of the Act with respect lo accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies, rogime and in aGGordanct wth the provisions of FRS 102 Section 1A- Small Entities. The financial statements were approved by the Board of Director5 and authorised for issue on 6 November 2024 and wefe signed on its behaw by Rosemary Murray Director Company Registrdtion No. N1038180 THE S.P.R.I.N.G. TRUST LTD NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 1 Ststutory Inforniatlon Thè S.P.R.l.N.G. Trust Itd is a private company, limited by shares. registered in Northern Ireland, registration number N1038180. The registered office is 19A MULLACREEVIE PARK. ARMAGH, N IRELAND, BT60 48A. 2 Compllance wlth accountlng stsndards The accounts have been prepared in accordance viith the provisions of FRS 102 Sectttin 1A Small Entities. There We￿ no material departures from that standard. 3 Accounting pollcies The principal accounting policies adopted in the preparation of the financial statsments are set out below and hav8 been consistently applied within the same accounts. Basis of preparation The accounts hav8 been preparÉd under th@ historical cost eonvenlion as modified by the revaluation of Certain fixed a38ets. Presentation curnency The accounts are presented in £ sterting. Tangible flxed assets and depreciatlon Tangible assets are included at cost less depreciation and impainnent. DepwatM)n has been provided at the following rates in order to write off the assets over their eslimaled useful lives.. Plant & machinèry Cuinputer equipment 20% RB 20% RB 4 Tangible flxed assets Plant & Computer machinery equipment Total Cost or valuation At 1 April 2023 Additions Al ￿5t 14.360 14,360 1,531 1,531 At 31 March 2024 14.360 1.531 15.891 Dèpreeiation Al 1 April 2023 Charge for the year 13,873 97 13.873 403 At 31 March 2024 13.970 14,278 Net book valu• At 31 March 2024 1.225 1,615 5 Creditors: amounts falling due wlthin one year 2024 Trad8 cr8ditors 2,515 THE S.P.R.I.N.G. TRUST LTD NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 6 Credltors: amounts falling due aft@r more than one year 2024 Other creditors 12,000 7 Average nutnber of Employees During the y8ar the average number of employees was O. Profit and Loss The SPRING Trust LTd Apr23- Paar 24 In￿rne ACB&CB Council £1,940.00 £45,354.00 £100.00 £150.IXI £1.525.26 £3.240.1)0 f_200.00 Donation DI)b￿ & Connor Hibemians YJA Youth ￿￿'on Nl Total Inco￿ £52,509.26 Expenses Employee Pension Evaluation £1,265.20 £300.00 £20.00 Membership Fees Overheads Accounting. Legal and Prtifewonal Services Depreryation and Loss Sale Employee Costs Finan￿ Cctsts Bank Fees Totel Finance Costs £600.00 £403.40 £54,928.16 £171.25 £171.25 General Idministr2tivÈ Expenses Postage and Slalionery Telephone and Intemet Totsl General hAlministrative Expenses Prernises Costs Electricity Property Insurance Water Rates £1.205.71 £550.30 £1.756.01 £2,040.35 £1.718.17 £331.34 Total Premises Costs £4,089.86 £60.40 Repairs Totsl C￿&￿d8 £62.009.08 £4.109.35 £67,703.63 ProJramme Costs Total Expens Net Income 16.194.37 Nov 06 13'.09.'39 2024 (GMT) P•Je1of1