LEDLEY HALL BOYS, AND GIRLS, CLUB TRUST LIMITED COIVIPANY LIMITED BY GUARANTEE STATE4 MENT or ri INANCIAL AcfIviTIES (INCLVDING INCOME AND CXPENDITURE ACCOUNT) Paye 14 IOR THE YEIAR ENDED31 MARCH 2022 Unteslricted Fund5 Re5tri¢lEd Funds Note Total 2022 Totsl ?021 Income from: Donatio] and l¢ga¢ie5 Invesimeiits Total lTrcom¢ 19,368 215,183 234551 116 164.139 19.484 215,IS3 234,667 Expenditui'e on: Clial'itable Aetsvitieg Total expendltllrc Net Incom¢1 lexpeodituirl 516 123,9771 {23.9771 (4,493) (167.790> {167.7901 47,393 (191,7671 (19J,767) 42,900 (211,903) (211,9Q3j (47.681) Trstnsfei. betii'een funds Net movement In funds 6.88) 16,8851 40.508 2,J9? 42,900 (47,68 l) R¢conclliatÉotk Of funds., Total funds brougl)t forward Total funds caj'ried foiward 166.975 169367 141.361 308,336 351.236 3)6,017 308,3i6 181,869 All income and expenditure derive froni CODtiRuii)8 activities. The stateme1 of financial a¢tivities iiicludcs all gains aiid losses recognised dui'ing die y¢ar. The nutes on pages 17 to 31 fomi part of these fillaCIal smeThts
LEDLEY HALL BOYS, AND GIRLS, CLUB TRUST LIMITED COMPANY LifviiTED BY GUARANTEE J3ALANCE SHEET YEAR ENDED 31 MARCH 2022 Page 15 2022 2021 Fixod Assets TaiJ8ible Assets Notc 305,229 309 ?58 Current Aets Debtor5 Cash at b2Dk and in hand 305,229 309,258 14 1&709 46,732 62.441 2.676 18,885 21,561 Crcdltors: 8mount5 falling due iyitliitt one ye#r Net turrent assetsl Olabilities) Net assets 15 (16.434) 46,007 (21483) 192?) 20 3>1,236 30[336 Charity Futhds Restricted funds URiestrioted funds Total eh#rity funds 181,869 169.367 18 141,361 IN.975 308J36 351336 Tliese fii?ancial staiements l)ave been ppared io accordance with the special PTovision5 fv $inall coinpaiiies under Palt 15 of the Companies Act 2006. Th¢ fLnan¢lal at¢mei Directors on ....frH,) t5 on ages 14 to 30 APPToved and authorisd for issue by the BoaNt of . and were sied on behalf of the Board of DiTectots by-. Harold Jacobs Dtredor Dal¢'. John Cr05S te: The note5 on page5 17 to 30 form pArt of t[se fjnancial statements. Cornpany Regisn7tiorÈ Number= Nl 0143)7
LEDLEY HALL BOYS, AND GIRLS, CLUB TRUST LIMITED COMPANY LIMITED BY GUARANTEE STATEMENT or CASH FLOWS YEAR ENDED 31 MAIiCH 2022 Page 16 2022 2091 Note Ca51J floiv from 01)eratÈng actlwitie5 Net c%slJ lloiv from opcratittg actlvktics C*511 fioiv froni investlng actlvlties Interest ftx>in investitten15 Paymeiirs to acquire iangibl¢ fixed assets Net Cash floiv from tnvesting 4ctiv&t1¢5 21 44.702 44,702 (?8.3J)I (2&335) 116 {10,940 (10.830) 83 14,490) (4,4071 Net 5ller¢ase l (decreAse) iii rash atid cash cqulvalents 33.872 (32,742) Cash 8nd ca$li equivalenf$ at l Api'Èl 2021 C&$li and cash cquivalcnts at 31 Morch 2022 12,&60 46,732 45,602 Casli #nd c?$li equivalents conslsts or- Cash at bank- and in hand Bank overdi7ft 46,732 18,88) (6,0251 12,860 Ca51L gnd Cgsh equavaleEtts at 31 Marelt 2022 46,732
LEDLEY HALL BOYS, AND GIRLS, CLUB TRUST LIMITED COMPANY LifullTED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2022 Page 17 PTÈlltip41 #ccountig polEeies G¢neral Ènformatlon b251$ of prq)arntion Ledley H1 Boys, and Gii'15' Club Trust Limsted 15 a charitable Company Itmited by 8uaNn¢ee and not Iv*n8 a share ¢APital and i5 registered in Noi#liern Ireland. 11ie address of tk regirred office is given in thE chartty infomiation on pag¢ l of these financial Statements. The company was e51ablislkd urmlei. e MernoTandum of As50cia¢ioll whicl) established the objects and pow¢r5 of the clmritsble compaiiy aiid is govenied uiider its Articles of Assoeialion. The clmritable company coiistittites a publi¢ beiiefit thitity as defined by FRS 10? Statement ofcompliance Tjie fiiMncial statemthits have been pitpared in accordance witli appli¢able accoLtnting 51andzrd4 Accountiijg and Repoiting by Charitics.. Statement of Recominended Pizctice applicab to charities prepaTing tlieir accounts in a¢wrdance witli tl)e Financial Reporting Standard applitdble in the UK and RepblIC of Iirland issued in October 2019, the FinaiJ¢ial Reportins Si8rd&rd applicable iii th¢ United Kingdom and Republic of Ireland (FRS 1021. die Cliarities Act (Nomheiii IIEland) 2008, Charities Act (Norihem Ireland) 2013, The Chw'itics IA¢counis and R¢pK5) Regulations (Nortliem Ireland) 2015. Comwies Act 2006 Aiid UK Genernlly Accepted Practice. The financiaj stat¢ments are Prepa on a gtsins ¢oncein basis under th¢ liistorÈcal eost cortvea)tion. Tlie fJnan¢ial staiemei)ts are present¢d in sterling which is the runtolI ¢uyrency of the eliarity and rowided to the neurest £1. The signifirtt accounting policie5 applied in the PreratIon of diese financial stateine]its are set out below. These policies have been Co$1st¢ntlY applied to all Yea we5eiiled LTnless otlienvise stated. Fund #ccountln£ The cliarily has Vou5 tyw of fiJnd5 fol. whi¢h It t5 w¢Jnsible alld which r¢quire sewate disclosu A definition of tlw vaTiOl typE5 Off1 is as follow%. UDrostriete(t funff5 Thecharitable ¢ompat)y's unL¥tricted funds cor6i5t ofa Oenerdl Fuiid whicli is Gxpa)dable aithe discretion of tlie dtwlors and Inembei3 in furthernnct of t11¢ charitable JeCts of the comwy. The directotE and meTnEers may at dieir discretioi) dcsignate funds for 5tRcific purro5es bth Ihe de5i8nation doe5 not Iwly re5trictihe dirxtors and menibe15.discreiioii to apply those R¢strict¢d fltnds Restricted funds are to be LL8ed for Specified purposes as laid dowii by tlie donor. Expenditure which Jileets these ¢riteri2 is ch8rged to ttie fui)d: logetlier willi a fasr allocation of ovethead5 And support ¢osts.
LEDLEY HALL BOYS, AND GIRLS, CLUB TRUST LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (¢ontlnued) YEAR ENDED 31 fv7ARCH 2022 Page 18 PrintÉpal acrountÈJ]g i>oli¢ies (eOljllirIi) ltycome recognitio All incomiiig resoLirces are iEi¢luded in iliE Siatemeiii of Financial Activilie5 (SOFA) wl)en Ihe cliarity 1$ egdly entitl¢d to the incoine after ally peFfonnaLice ¢oiiditSoS 1i8v¢ been Ine( tlie noU17t cai) be rt3e85uRd reliably and it IS Probable that Ilje iiicome will be tr¥ed. For donatioiis to be recogni5ed tlie charity will h2ve beeii notified of Ilie ainouiits and Ilw settlement date in wi'itii)g. If there are coiiditions attacl)ed to il)¢ doiiatioii and this requiies a level of w-fomiaftce befoje cntitlemei?t Can be tsbt&ined Ilieii iiicome is deferred Lii?til Il)05e eonditions are fEilly Inei or the fLiifilmeiit of Iliose coiidiiions is within tl)e eoniToI of tlie cl)arily and li is probable that tlRy will be ruifilled. Donated fAcilities a17d doiiated professional services are recognised in income at their fair value when tlJeir econoinic bei)efit is probable, it eai) be 1neasied reliably and tlie chti'ily 112$ control ol- di¢ ilem. Fair value ts deteiJni51ed on tlie basi5 of IIK valEie of Ili¢ gift io the ¢hai'ity. For example IIR Rll)ount the cliartty would be wi115J38 to pay iii the open ma-¢I foi. sh facilities and services. A coSpOndIng amoutrt is re¢owi2sed in ¢xpeiiditUTe. No amount is iiicluded iii the finaiicial statenients for voliiiiteer tisne iii line with the SORP IFRS 1021. Further detail is given in the Trustees, Aiinllal Report. Wliere PTacticabl< gifts in kind dtsiia*d for dists'ibution io ihe bertefjciaftes of the ehèrity 8re in¢lLided in stock ajid donatitsns in th¢ fin2nciel statements upoii receipt. Ir li is itnpractic&bl¢ ro a55 Ilie fair value at receipt or if the Cost5 to uiidertakc such a valuaiioii outiveigh aiiy benefi14 Iliei) Il)e fair value is recognised 85 a coinpoJieii¢ of donatÉons whEn it is dist17buted a¥ an equivalent atnount trrogjiised a5 charitable expenditure. Volunw in¢oine received by way ofdonations and gift is ¢irdit¢d to revenue on a re¢eivabltbasis. Gifts in ktiid doJi8ted for r¢sale are included at faiT value. being rhe expected proceeds fron] 5I1e less tlie expected e05ts of sale. WIre estiinating the fair valiie is practtcable upon rxeipt it is reeogiiised tJJ stock and 'lncoftie from oiliei. trading aaivitie5'. Upc>n Sale. the value of the slock is ¢liarged al$t 'Income froin othcr trading activities. aiid ilie proceeds are recogni5ed as 'lncoine fiDiu oiher Irdding aciiviti¢s'. Wher¢ it is impracticable 10 frdir value the itetns due to the volwnt of Imv valiie iieirs tliey al'e not recognised in Uie financial siatemenis until 11)ey are sold. This inGomc ts recognised within '1JThe from otlier trading a¢tivities'. Fixed asset gifts in kiRd are recognised wlien receivable and are inclluled at fair velue. They are noi deferred over the life of the a55et. For Icga¢ie5. entilleiiieiil is the eai'lier of the charity bettig iiotified of wi itnpending distritwiion or Il legacy bein(r received. At this point incoine 15 recogiii5ed. On ottasioii legacies will be i?otified ro tlie chai'ity liowevei. it is iiot possible to li?easiC tlie ainoiint expected to distributed. On tlTre5e o¢¢asioiis, tlie legacy is as o ¢ontiiigeDI assei and disclosed.
LEDLEY HALL BOYS, AND GIRLS, CLUB TRUST LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (contlnued) YEAR ENDED 31 MARCH 2022 Page 19 Princtpal Ac¢oMnting ptslicRes I11111[¢ lTh¢ome recognition (continued) Incoine frorn irading aclivitEes in¢ludes iii¢omE earned from fUnd1$1ng events to rèise funds for Ihe cIMrity. Income is receiv¢d iii exchange for supplying goods and serviees in order to rnise fvrtd5 and ts recognised when entiilcment ha5 occurred. liicome from goveinment and otlier graiits are iEcognised at fair vallle when tlie chai'iiy ha5etttt1lThent after &iy perfomiance ¢ottdilions have been met, il is probable thar the income will be received alld tlie amount can be measured reliably. If entitlement is not mei then these amounts aiE deftrred. Revenue grants are credited to iiieomiiig resoutces on the earlter date of wlien they are received oi. when they are l?ceivable, uiile55 Uy relate to a specified future period. Grants wliieli contribiite towards specifi¢ &xpenditur¢ on fixed assets are cjtdited to tlie SOFA in fi]11 upon Telp& Invesiment incom¢ is inierest earned through holdijig ¢a51i at banL. Interest iiicoine is it¢O8nised wh receivable. Other ii)come IrpRsents income that cannot be pOrted uithr ilw other ai)aly5is htsdii18s provided thln die SOFA. Expenditure reeognition All expendiÉure is accounted f(x on &n accruals basis al lias beeli classified undei. lieadings tliai aggregate all costs related to Ilie categoiy. Expenditln? IS IEcogn15ed where tlwE 15 a leg1 or CottrUctIVe obligation to Inake payments to tl)ird partie4 it is probable that the settlenient will br required and the atnount of the obligation can be measured r¢li8bly. It is ca*gorised under the following lie4diiigs.' Expeiiditur¢ on cliaritable a¢iivities ¢oinpi'ise5 those eosts incued by the charity in the delivery of its a¢tivitie5 and savices foi. ils beneficiaries and iiicludes salary eosts and an apportiorllnent of 5UPPOIt costs; Oil)¢r expenditure r¢pLEseJits those iteiiis not falling into die categories above. S¥pport costs alloc8tlo Siipport Costs are tl)ose that assist il)e wK of tlie charity but do not dire¢¢ly represeni ¢l)aiitable activitie& for ¢mplI goveriiance ¢osts. The ènalysis of tlkse costs is uicluded in note 6. They are incurred directly in siipport of expendilure on the objects of the ch8Tity. Whert support CQSIS carnioi be diiEetly attributed to paiticular lie&din8s Iliey l)ave bEeii a110¢ed io exrenditure oil charitable activitie5 on a ba515 coiTrsisient wilh use of th¢ resoiiires. Staff costs and overt)ead expenses are &llocated io Rctivtties on tlie basT5 of staff tiine 5peiii oli those activities. Fund-raisiiig eosts are tliose in¢(IlTed in seeking voliintary coniributl0115 and do Iwl iii¢lude Ilie costs of disseiiiinaiing inf0TatIOn iii support of the chai'iiable aciivilltt.
LEDLEY HALL BOYS, AND GIRLS, CLUB TRUST LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (eontlnued) YEAR ENDED 31 MARCH 2022 Page 20 Pi'iiicipAI JccouDtiEE policÈes (coiJrtJisieiQ Etnployee b¢nefits Wlitn ¢fftployees l?ave reijdered seivi¢e to the ¢liarity, sliort-ierni employee benefils to whicli ilie employees ei)titled are recognised ai the Liiidiscounted amowii ¢xpectEd to be paid IR ¢x¢l?ange for that s&'vtc¢. The chaiity 0rateS a defined contribution peilon plan for the benefii of ils einployees. Tlie awt5 of the sclieme ar¢ held separately froin tliose of the cliaiiiy. Coniribiitions are cliarged ro Ihe SOFA a% tliey be¢oine payable. Value Added Tax The charity is not r¢gislered foi. VAT Nii'poses. tl)eirfore expeliditure Is sliowii gros8 of VAT. Tangtbl¢ fixed assets And dcpi'etiation The cost of t8Dgibl¢ fixed assets ts ilieir PLtirhase cosi. togetlier with any incidental costs of acquisition. DEpIE¢iation is ¢alculated so a5 to wriie off the cosl of tai)gible fixed assew less Ilieir estimated residiial vtlues ovei. Ilie expected useful economic live5 of tli¢ assets conccnied. The principal aiJJiual rates used aiE as follows.. Leasehold property Motor veliicles Fixtures and fittiiigs Cups and equiptnent 2°h straiglit line 25/4 redll¢ing balance 15% redi1¢ii balance 250A straight line Where tli¢ recoverable amount of a fixed asset 1$ found io be below i15 net book value, asset 55 WTitten dowtt to ihe Tecoverable figuir and tlie loss on impainneiii is recogni5ed in the SOFA. Dcbtors *nd creditors receivablc I payable iyithin one year Debto and ¢rediioi? with iio stated iiii¢resi rai¢ aiid receivable or payable wiihiji year are recol'dcd at InsaCtiO1) price. Ai)y losges ai'ising frnm impaiiinetjt al'e re¢ognised in Expendilure. Tax As a cliai'ity, IIIE company benefiis froin varioL15 exeinpiioiis affoided by lax legislatioii. It is tlicrcfore not IIRble to corpoixtitsn tax oil ii)¢oi)ie orgaiiis fallii?g due ivithin those ¢Nemptions. Golllg COEteerti The tnistees have eonsideitd Ihe level of fi]nds held and rhe ckpecied level ofinconie and expendilui'e for l? tnoiiihs from aitihorisiiig Iliese fiiiaiicial stataneiiis. The budgetcd inconie and eiyciidiluiE is sufficiei)t witli tlie level of reservcs foi. tlie ¢liai'ity to be able to conttiiiie as a gointt coTr¢em. We believe that tlie coiiipaiiy's finaiicial sraieinenls sliould be prepai'ed 01) a goiiig ¢oiKeiii iwis oil the gi'ounds tIiat ¢Lirreiit and fLItLire souires of ft111ding or 5UPPOlt fi'om ilie Educatio Authority. olliei. fundeis aiid bL M'ill bc rn0 iliaii adeqiiate foi. tlie companys iieeds. W¢ believe iliat no furtliei. disc105llL'es ielating to ilie t017)paiiy's ability to c}11n¢ as a goin(T coneeiii iieed 10 be nMd¢ iii ilie rin<ll)cial 5111 ietnents.
LEDLEY HALL BOYS, AND GIRLS, CLUB TRUST LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (conllnued) YEAR ENDED 31 MARCH 2022 Page 21 Prin¢ipal accounti4g pollcl¢s (cwirfiiriao Judgements And l(ey Soree5 of e5tim8tion Lriicert#inty Tli¢ following jud8einents in¢lLTding tliose iVolVil}g esijmates h2v¢ been made in thc proce5$ of applying the above 2¢¢0uniing policie8 dial have liad tlie most significant effect on the Ounts recognised in the financial statements and that have a sigi)ificant risk of c8usiJ)g a material èdjustmcnt to the caTryiJig an)ouiits of assets and liabilitie5 ivitliin the next financial year.. (i) depreeiaiion metlTrod and oSSCt Useful lives Ti?e estimaies And assumptions are iyvtewed on an ongoing basis COTtsidering the current and fiiture i?iarket ¢oiiditions. ststus The company lia5 been gixnted charitable status for ILY purposes by HM Revenue & Custoni& registroiion nuLnbEr 58471. ai)d is a coinpany limited by guanntee not having a share rjpital. Income from donAtions and Icgattes Unrc5triet¢d Restricted Fund5 Funds Tot¥LI Funds 2022 Ulmtstricled Restricted Fmds Total Fund5 2021 Donation5 Gtants Subscripiioi and activities Lega¢y Job Retention S¢l*me (Covid-19) 741 6,200 941 191,557 191A57 1,985 1,985 161,886 161,886 IS627 1.000 IS.627 1,000 268 268 17,426 17.426 19a68 215.183 234551 2.253 161,886 164,139
LEDLEY HALL BOYS, AND GIRLS, CLUB TRUST LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (C¥t1ed) YEAR ENDED 31 MARCH 2022 Page 22 In¢om¢ from dtsNalion$ and legaeies (Ulllilxiiy Grgnts unltIlC1ed Re5tri¢led Total FuDds 2022 unrIcted Re511'icied Total Funds 2021 ARC- D¢partment of Ju51ice Belfast City Coiintil Aciive Corninuntties Chai'ities Aid Foundation Childi'en In Need choi Housing Cominiiiiiiy fund East Belfast Area Education ALltliority Graiits in year tindeispend Halifax K¢¢p Nl Beautiful Live HeTe Love HeTe 1,338 la38 11.220 11,220 350 3,8SO 10,000 5,000 13,500 5,500 14,759 3.100 5,000 13,500 5.500 14.759 3.100 10,000 10,720 1.243 10.720 1,243 154,863 134,863 (3,3031 {3J03) 118,927 118.927 1.000 120 1,000 480 480 Trll Art5 & EveJ)ts 100 00 Virgiii Media Oiher small 1.0 26 1,000 26 191.5S7 191.557 161,886 161,886 Income from Investments Unrestrlcte(l Resti'icted Total Futils UniEsti"i¢ted Restrscted Totul Funds ruJ)ds FuLI(Is 2022 Funds Bank interest 116 83 116 116 83
LEDLEY HALL BOYS, AND GIRLS, CLUB TRUST LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (¢ontlnuedJ YEAR ENDED 31 IVIARCH 2022 Pago 23 S. Cliorit&ble actSVittes- Youth Club Unrestricted Rtstrltted Totkl Funds UrnEStri¢ied Re51rictcd Total Funds Fynds Funds 2022 Fili Funds ?021 Cost directly alloc2ted to activities (note O) Support ¢osts {note 6} 1.232 153,997 155329 1,894 185,022 186.916 22,745 23.977 13,793 167.790 36,538 15,78S 17.679 24,987 211,903 191,767 194,224 & AngIE5 ortotsl expelldlture ChArrtable gctl*ities Restrirtcd Unre5trlcted YoiEth Youtli Clvb Club Raislttg fund$ BasFs of allocAtIo Totll 2022 Costs dlTectly alloc%tted to Activitles Wag¢5 and natiotrdl Insurance Cleaning Ligl)É and heat Telephone Motor ltravel expenses Club Èctivitie5 Direct Direct Direct Direcr 90.IS7 9D.157 1.232 3.397 1,141 1,232 3,397 Direct Direct 1.375 57.927 1375 57,927 15J,997 Support Costs Governtnce (iiote 7) Tim¢ spent DeptEciation Floor area Kepaiis and renewals la5ufdnce aTrd rdies Computer cosis Sundries 1,232 li5.229 1.738 3.060 14,975 14975 Natu¥e rioors Tiine sp¢nl Staff timelfloorspace 1,762 1,762 4,4S5 7,600 4948 4.455 7,600 2.948 22,745 J6,538 167,790 23.977 191,767
LEDLEY HALL BOYS, AND GIRLS, CLUB TRUST LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS {eontltFued) YEAR ENDED 31 MARCH 2022 6. AnaJysJs of totil cxp¢ndÉture (coiiliiiiieél) Page 24 ClIArttable #etlvltics Restjicted Uknrestrltted Youtli Youtli CILtb Club Blsis of allocation Rai5illg funds Totsl 20?1 Costs dlrtctly Ilocdlted to
ctii'itie5
Wages aiid nationaj insuixnce Cleaning Liglit &nd lieat Teleplione Motorl travel exp¢ns¢s Club activities Dimt Dil Direci DtTect 118.409 118,409 1,894 S.881 886 1.894 8,881 886 Direct 270 56076 ?70 56.576 Support Costs Governance (note 7) fErne spent Depr¢ciation FlooraiEa R¢pairs and ienewals Insui2ft¢e and i*les Stsff ti'aiR2ng Sundiics 185,02? 1,894 186,916 1,876 1.800 12,)64 i.676 12,564 Narure Flooi" space Time spent Staff tialt]00r space 1,421 1.421 5.155 24 2.147 i,155 24 9,202 15.785 24.987 194.??4 17,679 211,903 Covei'nAnee costs 2022 2021 Auditor's reinLlI)eiatioii (in¢ludiii8 expenses and benefits iii kiiid) Directors, TeniuneTation Dii'ectors, &XpeseS Legal and feSsIO17al fees Baijk iiJtirst aiid fces Note 1,500 1.500 io io 3.060 238 1,800 376 4,798 i,676
LEDLEY HALL BOYS, AND GIRLS, CLUB TRUST LlllllTED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEIVIENTS (contlnuedj YEAR ENDED 31 MARCH 2022 Pago 25 & Not iRcomel (expcttdlture) for thc yeAr 2022 2021 This is st#t¢d after eharging rees payable to the comparty'5 8LKiitor for atiditof th¢ accounts Depretlation of tangible fixed usets- owned assets LAIJO 14,97S I,soo 12,)64 AudÈtor'$ r¢mutLCrntio The 8uditor's remuneration &mollnts to an 8udit fee of £750 (?071: £750) and a¢couniarty fee5 of £750 (2021.. £750). 10. Dlrector5' And key manigerncTht peOne1 remurt¢rntion ttnd expenses ie directors nettl*r rcceived nor waived ally remui1etioft during the year {2021-. £Nil). Tli¢ total amount of employee benefits received by key 111gn8gemenl peisoimel 15 £Nil (2021- £Nil). ie cl)arity cotssid&s its key tnanageineni PEf5011nel Compromise (he Board of Directors. Nil P021-Nil) trustees are ac¢wing pe110n arrdn8einents. The trustees did Llot have any expeiises Teirnbursed during tiR year120? I - £Nil). 11. Staff cost5 and en)ployee ben¢fLts The average monthly number of employees during the year &s follows.. 2022 Number 2021 Number Clwitable activitt¢s'. Managerneryt Supervising The total 5t&ff costs and employees, benefits was as follows= 2022 2021 Wages and salaries Social see.ity Pension RedUlal)cY 84057 109,564 1.208 6,987 1,281 1,858 3.611 9157 118,409 No employce5 Yeceived totsl employee benefits {exeluding employer pei)sion costs) of Inwe Ihan £60,000.
LEDLEY HALL BOYS, AND GIRLS, CLUB TRUST LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 MARCH 2022 Page 26 I l. Staff costs emi)IDye¢ hen¢fits (c•nliFttieilJ 202) 2021 Allocoredio.. Chariiable activities 90,157 118.409 90,157 118,409 12. Tayatlon The chaTity is a rcgisiered cliartty ai?d as sucli is entitled lo certn cxemptions oil lioI11t and profits froin iiivestmen15 ai)d sui'pluse5 oji aiiy rrading aciivilies carried out ii) the fiirtl1tre of the charity'5 Pl'itnary Objlives. if these profits 81)d surpluses aiE applied solely f. cl)ariiable pllrwes. The cliarity is not gIstered for VAT ii)d. accordingly. all ilwir eipenditiiir is inclusive olany VAT in¢urred. 13. Tangible t7xod assets Leasehold propei'(y fqulpment FtxtllLYS & Filtings Motor Vehieles TotAI cosr At l Apiil 2021 Additions 413337 195 10,946 94864 9.000 517.496 10,946 At31 March 2022 413,437 ii,J41 94,864 9,000 ,Th,442 DCPRECIATLON At l Apri12021 Charge for the yeai. At 31 March 2022 130502 8,269 138.771 195 2,737 68,755 3,916 72.671 8,786 108.238 14.97i 2,932 8.839 223.213 NET LIOOK VALUE At 31 M&rtli 2022 At 31 Marcl) ?0? I 274.666 282.9J5 8,209 22,193 161 305229 309.258 2Q109 214 14. Debtors 2022 2021 Prepayinents a#d *ccrLied incoine 15709 2.676
LEDLEY HALL BOYS, AND GIRLS, CLUB TRUST LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (eontlnued) YEAR ENDED 31 MARCH 2022 Page 27 15. CredEtoi's'. amounts fslllng due wlthin one year 2022 2021 Bank oveTdtaft PAYE and social security Aecruals Othercredito 6,025 3,598 11.984 876 2a28 13,995 16.434 22.483 16. Pensions The Charity owttes a d¢fIned contributioii pension s¢lieine for einployee5. Tlie assets of Ihe sclieme are held sep2ralely from Il)ose of the ¢harity. The contt'ibutions paid by tlie cliartty rfuriiig the year amounted to £1281 {?021.. £1,858). At the iknlance 51ieet date oiilstandin" payinents to the fvnd tolalled £1 11 (2021.. £876). 17. Contingent li2bilitl¢s Tiie ClrItable ¢ompany ha5 a contingeni littbilty to repay 8T2nts receiv if ihe company fails to ¢oinply witli ttrtrdiii condition5 Stipulated in the letter of offer and tenns and conditions of contwl ut)der which the grnnts were paid. The ditectots do not expe¢t any claims io b¢ made in this re$pect. Tlie Department of Education for Nort1m Ire1]d agreed to rnake a grant to th¢ company ora sum not exceeding £300,000 towards expenditure in¢vrred by the toInllY subject to terms aiid ¢onditions contaiiied in an Indenture d21ed 31 Deeeniber 1987. If witliin 50 yeats from Iliis dale the eollditloiis of the grant no longer apply. diere slTrall be payable to die DepaneD[ by the coinpLiy a sum wliich the Departrnent coiisidets equitable but whicli d¢)es not exceed tl)e siun detenTrin¢d by the cal¢u]ation set fonh in Articl¥ I l(5} Df tlie Older. The Childhood Fund Support Seivic< under t1 EU Special Support PlgraMMe for Peace oiid iieconciliation Childl)ood Fuiid, agrced io make a grnnt of ODO to tlie company towards Ilie establislunent of a playeare group foi. childrel) of primary School age subject lo teEJn5 and condstions contaiiied iii an agreeineiit dated IV July 1997. If the ¢ompaiiy defaults Dn certain conditions specified iTt tlie agreement Lt is requiitd to repay such part ofthe projea funds as is in its posseson at the date of default. The Deparbnent of Education for NorthErn Ireland agrecd to make a grant ro the Company of a sum iiot exceediftg £166.747 ioward5 expenditure incUrd by the company subject to teims aiid ¢oiiditioiis contained in an liideniure dated 7th Oclobei. 2013. If within 22 years fiom Il)is date tl)¢ condiiions of tlie grani no longer apply tliere sliall be payable 10 the Departineiit by Il)e coinpany a sum ivhicli tlie Depaitnent coJTr$ider5 eqiiitable bLtI whicli does not ex¢eed Il)e sum detrmiiied by the c21¢iil&tion set [.(17 iii A11icles 8P) of tlie OTdcr and it is hereby declared lIt ally SLitn payable to tlie Department un£fer tlie provisions of the ¢ovenants sliall be in addiiion to 2nd i)ot ill 511b5tiluiion for an), otlier siiin pay&ble IL> the Depai1inent under tlie provision5 of tliese preseiits.
LEDLEY HALL BOYS, AND GIRLS, CLUB TRUST LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEiVtENTS (continue YEAR ENDED 31 MARCH 2022 18. Fund Yeconeiliation Unrestricted fLEnds Page 28 Balaiice at Incoinc ?o?I Expeiidiiure TTansfers 31 M#rch 2022 Unr¢stri¢i¢d.. Gtnernl 166.975 19.484 {2J:9771 6,885 16YJ67 66,975 9.484 123,9771 6.885 169J67 BalaAc¢ ai l Aprtl Income Balanc¢ &1 J l Mirch Expendiiurc Transfers Unrestricted: General 190.546 2.336 117,6791 182281 166.97) 190.546 117.6791 18.2281 166.97) R¢5ti'i¢ted funds Balance l April ?021 Income Bllanco at 31 MArtli 2022 ExPid1¢11re Transfer Reslricied-. Capital R¢vtDU¢ 10,946 204,237 16,8851 145,422 36,447 1167.7901 141.361 ?15.183 1167.7901 16.8851 181,869 Balan¢¢ at Income Balanceat 31 Mardi 2020 &¥penditure Trnn5fers R¢sitict¢d.. 140.808 24.663 Revenue 4,490 157096 13:9J71 1194:??41 165.471 161.886 1194.?241 The Iransfer of ftinds represeiits depi'eciation on JEstI'icted filed *sseis li}Sferred out of iiniEslricied to restricted fLiiids, and funds from LltiiEstricted fuiid5 to restricted fiiiids 10 cover SIlfallS in restricied fLiiidiiig.
LEDLEY HALL BOYS, AND GIRLS, CLUB TRUST LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (¢tsnlinuedJ YEAR ENDED 31 MARCH 2022 Page 29 19. Fun(1 de5crtption5 a) unstrIcted funds Fund5 whtch ate &xpEnd2ble at die discretion of the Charity in fLtstherance of its objectives. In2ddilton EO ¢xpenditUTe on 8ctivilie5 5ucli knds may be held in order to finance capitdl inve5tinent aMI worknn8 capital. b) Resiricted fun(ts Restt'icted funds are to be used for spetified purposes as laid down by tlie donor. EA-peiidiluiE which Tneets lliese cri¢eiia i5 el4rged lo th¢ fund. together witli a fOlT allocation of ov¢rhea(ts support costs. Analysis ofn¢t assets b¢hvettL funds Uni?51ricted funds Re51ricied funds Totsl 2022 Fixed assets Net cunynt assets 159,807 9,560 145,422 36.447 30i229 4&007 Total 169J67 181,869 351236 Uiirestrided funds Restri¢¢ed funds Total 2021 Fixed &8sets Net ¢iirrent liabilities 167,897 (922) 166,975 309,2S8 If221 308J36 Total 141J61 21. R¢eoncilÉation of net incomel (¢xpendl¢ure) to net c now ThM opcrRtihg activitiÈ5 2022 2021 Net it*ome/(expendiiure} for tlie year 41900 {47,681) DepJt¢iatioii aiid iinpainnent of taVible fixed assets Interest reeeived fri>m invesiiiiei)ts Iln¢rea5ey decrease in debioFS {DecrezseyincTEa5e in ¢lEditors Nei ca511 flow fi'oin operntii)g a¢tivitie5 14,975 Iijo (13.033) 67,307 160.44?) 128,)35} 44,702
LEDLEY HALL BOYS, AND GIRLS, CLUB TRUST LIMITED cowtPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS {conllnu8dJ YEAR ENDED 31 MARCH 2022 22. Analysis ofchAiige$ in J]et d¢bt Page 30 Balance Al l Apr¢1 ?021 Cash fiows 2U12 Cash at bank. B&ttk overdraft 18,885 (6,0251 27.847 6.025 46,732 Casji and casli eqiiivalents NeÉ dcbt 12.S60 33,872 46,732 12.860 33,872 23. FiEtsncial commitmcnt No coiirrac15 had been placed for futu capital expendiiuLE at the balaiice slic¢t date. 24. Liability of m¢mb¢rs Ledley H811 Boys, and Girls. Cliib Trust Limited is a ¢ompany litniled by guarantee and dfjcg iioi liave a sliare eapilal. It is governed by B MeinoTrtiiduin End ArtÉcles of knso¢ialioii aiid tlie liability of iJembers is limited io an amouTrt iiot exceeding £1. 25. Ethl¢#l Stsitd$rds In coinmon with many other organis&ioiis of our size aT nature, we use ourauditgrs to PtrpaiE aiid assist in the preparation of the finaii¢ial ststeinents. 26. Relat¢d pgrtics Tliere were no related pany Irdnsactions durtng I1 year (9021.. £Nil).