LEDLEY HALL BOYS, AND GIRLS, CLUB TRUST LIMITED COMPANY LIMrrED BY GUARANTEE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Charlly R•gl$tratlon Numb•r: NIC 103603 cOmpY R•glstratlon Number: Nl 0143Fr
LEDLEY HALL BOYS, AND GIRLS, CLUB TRUST LIMITED COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2023 CONTENTS PAGE Charity reference number and administrative details Report of the Members and Directors Independent auditor's report lo the members Ststernent of financial activities (including income and expenditure account) 14 Balance sheet 16 Statement of cash flows 16 Notes to the financial statements 17to31
Pag• 1 LEDLEY HALL BOYS, AND GIRLS. CLUB TRUST LIMITED COMPANY LIMITED BY GUARANTEE CHARITY REFERENCE AND ADMINISTRATIVE DETAILS YEAR ENDED 31 MARCH 2023 Registered charity name Ledley Hall Boys. and Girls. Club Trusi Lifflited Chariiy Regislralion Number NIC 103603 Company Regisiration Number Nl 014357 Directors John Cross Harold Jacobs George Cinnamon Jill Lindsay Reggie Morn)w Mctnbers Harold Jxobs (Chaimun) John Cross (Honorary Treasurer) Geor8e Cinnamon (Honorary Secrelary) Michelle Fullerton {Youih Worker in Charge ') • Day lo day management Secretary George Cinnamort R¢8lSt¢r¢d OtTice l Ledley Hall Close Beersbridge Road Belfasl BT5 4SW Auditor GMCG BELFAST Chartered Accounianls and Slalutory Auditors Alfred House 19 Alfr¢d Str¢el Belfast BT2 8EQ Solicilor Carson McDowell Murray House Murray Stie¢t Bclfast BTI 6HS Bankets Danske Bank Donegall Square West Belfast BTI 6JS
Page 2 LEDLEY HALL BOYS. AND GIRLS, CLUB TRUST LIMITED COMPANY LIMrrED BY GUARANTEE REPORT OF THE MEMBERS AND DIRECTORS YEAR ENDED 31 MARCH 2023 The members and directors present their report and the audited financial slatements of the charity for Ihe year ended 31" March 2023. The truste have adoptd th¢ provi5i0rLs of ihe St8lemenl of Recomm¢nd¢d Practice {SORP) "Accounting and Rcporting by Charities" (FRS 102) in prq)arin8 Ihe annual report and financial siaiements of Ihe charity. The financial statements have been prepared in accordance with the accounting policie5 set oul in notes to the financial statements and applicable accounling slandards, AcUnting and Reporting by Charities: Statement of R0Mmended Prnctice applicable to charili¢s preparin8 their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in Ortob¢r 2019. the Financial Reporting Standard applicable in ih¢ Uniled Kingdom and Republic of Ireland {FRS 102), Ihe Charities A¢1 (Northern Ireland) 2008, Charilies Act (Northern Ireland) 2013, Thc Charities (Accounts and Rcports) Rcgulations (Northern Iland) 201 S, Companies Act 2006 and UK Generally Ac¢¢pted Pra¢ti¢¢, Th¢y have also had regard for any other infomwlion required by the charily's governing document. REFERENCE AND ADMINISTRATIVE DETAILS Regliltred ehirity name Ledley Hall Boys. Ind Girls. Club Tn1 Limiled CbArlty re8ls¢ratlon number NIC103603 Company n#mber Reglitered offite Company eretarY Audltor Nl 014357 l Ledky Hall Clo8¢. BeeTsbrid8¢ Ro, Belf¢, BT5 4SW George Cinnam¢)n GMCG Belfast, Chartercd Accounlanls and slal0ry Auditor, Alfred House, 19 Alfred Sifeel, B¢lfasl. Bf2 8EQ DaNke Bank, Don¢8all Square Wem. Belf1, BTI 6JS C•r80n McDowell, Murray House, MuTry Street, B¢lfisi, BTI 6HS Bankers Soll¢ltor• TRUSTEES OF THE CHARITY The direciors of the ¢harilabl¢ compjny are its Irustees (or the purposes of charity law. The lerm$ "diTCCtor" and '%rustce" are usd inl¢rchangeably Ihroughoui Ihe financial stalcments. The Iruslees who have served during the year were as follows: John Cro$$ Harold Jawbs George Cinnamon Jill Lindsay Reggie Morrow PUBLIC BENEFIT STATEMENT The Board of Ledley Hall Boys, and Girls. Club Tntst Limited confirni Ihai Ih¢y hav¢ had due regard for the guidance produced on public benefii by Ihe Chariiy Commission for Northern IrelaThJ. and are pleased lo rcport thai during thc y[ the charitable company has continued to provide public benefits thmugh ihe programmes and services we offer. In particular, the directors consider kK)w planned activities will contribute lo the aims and objectives they have set out. PUBLIC BENEFITS, OWECTIVES AND ACTIVITIES The principal activity of the charitable company durin¥ the year conlinued to bc the promotion of ihe charitable obj¢cts of assisting in th¢ social w¢lfar¢. ¢dution and physical well-being of young people
Page 3 LEDLEY HALL BOYS, AND GIRLS, CLUB TRUST LIMITED COMPANY LIMITED BY GUARANTEE REPORT OF THE MEMBERS AND DIRECTORS (condnuéd) YEAR ENDED 31 MARCH 2023 PUBLIC BENEFITS, OWECTIVES AND ACTJVITJES from areas of soGial deprivation. Ledley Hall's strategic objective is to help young people take conirol of iheir lives. We work in partnership with children and young people as Ihey seek io me& iheir persoThal. social. emotional. cultural, political and physical needs. We offer young people guidance and support and encourage Ihem lo excel. Leading by example, we promote value5 5u¢h as Irust, honesty and friendship and darc young ppIe to dream. In working lo achieve these aims we will Slrive to creale a climate of mutual respecl, undersianding and Uali1y. We ackn.eve this strategic objeclive by operating a Youth Club in dedicated premises. We have done this si¢ 1942. Wc dcliver scrviccs lo young pcople in the 5-25 age range. This cenire opernles full- lim¢ over 7 days and has over 300 re8iSt¢red m¢mb¢rs. Much of whal we have staled in previous Iru$tee$ reports is slill applicable. Our $trategi¢ objectives remain as before namely io assisi young people in regard io taking control of their Iiv¢è•. Our airn is to provide a safe and secure environmeni for our youn8 people, a home from home, a place where young people have opportunities for fun. making memories and Irning in an infomial way. We provide one-lo-one suppon for youn8 people and ha an on-sit¢ counsellor. In participalion with businesses for example the Co-op, Allied bakeries Mash Direci Greggs and ihrough the Neighbourly, Fareshare program from Marks & Spencer Tesco and Sainsbury we offer meals 10 our young people every day. If we have lefl anyone out from our ben¢faclors PlSe forgive Us but rest assured thai the Contribution is mu¢h apprKial¢d. There is always meals available free of charge and w¢ hav¢ noted an increased demand for Ihis type or provision. Poverty is a very real concern 10 us in ihe area Wh w¢ op¢rat¢. We hav¢ started a program called 'Yake whai you need and give what you can" This progrdm provides fre¢ food, sanilary producls lo young people, free haircuts for young men, pre-loved school unifomis collected and re-dislributed. We work with funders to provide support in relalion to gas and elec¢ri¢. Social deprivation unfortunately conlinues lo focus our effort. Our activities includ¢ breakfast club, dinner club and communtly 8ivin8 tables. We offer young people the opportunity to participale in a rnnge of personal and 50cial d¢velopm¢nl opportunities, infonnal educational opportuTrities and accreditations. We facilitate a range of sportin8 Opportunities including (wr IABA (Irish amateur boxing A8s0¢iation) affilial¢d boxing club, We ¢onlinue to receive significani feedback of a positive nature in relalion to our homework club. W¢ would be the firs1 to say ihai w¢ ar¢ not perf1 and always look io Icam. We work closely with ¢hc Education Authority and appreciate at all times the help ihai they give us and we endeavour to comply fully with iheir advice and recommendaiions. We believe in embedding emotional health and well-bein8 in a framework thal Anvolves a con5iderabl¢ emphasis being placed on ¢hese issues leadin8 to an early support through a range of targeted programs including in particular an in-house counselling service, referrals lo family Support hub or oiher sp¢cialisl agencies. We conlinually self-evaluale,
Page 4 LEDLEY HALL BOYS. AND GIRLS, CLUB TRUST LIMITED COMPANY LIMITED BY GUARANTEE REPORT OF THE MEMBERS AND DIRECTORS (conllnu•d) YEAR ENDED 31 MARCH 2023 PUBLIC BENEFITS, oBJEIVEs AND ACTIVITIES fe•MIMu•dJ Direct b¢n¢ficiaries of wurs¢ ar¢ our m¢mb¢rship. Indir¢¢ily. for instanc¢, parents are SUPPYirted through thcir ¢hildr¢n availing of additional support mechanisms within ihe community, The wider ConnunitY benefits when young people are equipped to play their part in ihe community and we would respectfully submit that we assist young people so lo do. We have regard to public benefil and endeavour to be guided by the Charity commission from Northern Ireland. There is no private profit or benefit derived from our operations. All is done for lh¢ Public Benefii. Volunteers Th¢ chariiy is gralefvl for th¢ unstinting ¢fforfs of its volunteers who are involved in s¢rvlce provision and fvnd-raising. It is estimated thal over 4,992 volunteer hours were provided during the year. Ir ihis is ¢onservatively valued at the average mlnlmum wage for work¢rs ag¢d 21 years and older for ihe year of £9.34 an hour the volun¢¢ effort amounts to over £46,625. W¢ reco8nis¢ the ¢ontributions has been made over Ihe la& 80 years by innumerable people in our Communily. We would conclude by Ihanking all those who have work¢d with us io help us achieve our objectives and our young p¢opI¢. ACIIIEVEMENTS AND PERFORMANCE Total income for the year wa$ £141,595 (2022 - £234,667). Income from donalions and 1¢8acies amount¢d lo £141,422 (2022 - £234.551) and income from inveslm¢nls Amounted to £173 (2022 £116). Total ¢xpenditure for the year amoumed to £137,685 (2022 £191,767). The cosi of charilable aclivities amounted to £137,685 (2022 - £191.767). The net income for ihe year amouni¢d to £3,910 (2022 - £42.900 n¢t income) and has been traferred lo accumulated funds. Th¢ re5ulis (or the financial year are sel out fully in the financial statements. The dirtOrS considLY the company's financial position at ihe dale of the balance sheet to be salisfaclory and ihat the charity 18 in a satisfuclory position lo cany on ils Charilable activilies, To parapluase a famous advertising slo8an we w¢r¢ born 1942 and ar¢ still going strong. We were eonc£ived on the battlefields of Ilaly. Our founder Bob Yarr fighting his way up through lialy with ihe Allies conceived a time of peace. He de¢enKined if he got back hom¢ that h¢ would devole himself to working with young people. He was Join by his good friend Bill Robson also fought in the sam¢ war. Ironically we have existed through violenl and p¢ful limes since ihen. This therefore has been a significant year for us and we marked the occasion in various ways culminating in a banquth in the City Hall as the 8uests of lh¢ High Sheriff of Belfasl Dr. Jolm Kyl4 al which we celebratd evehing gr¢al abo Ledley Hall. especially its people, our young people and volunt¢ers and their commilment to our youn8 pwl¢ ov¢r dad¢S of servic¢. w¢ also lebrated our
Pagé 5 LEDLEY HALL BOYS, AND GIRLS. CLUB TRUST LIMITED COMPANY LIMITED BY GUARANTEE REPORT OF THE MEMBERS AND DIRECTORS (C>nllnu•d) YEAR ENDED 31 MARCH 2023 ACHIEVEMENTS AND PERFORMANCE le•diitsedJ sporting excellence ai this ¢v¢nt with a boxing lournarnent, only the second planned boxing tournanient ever to lake place in Belfast City Hall. Another significant event cUrred. You will no doubt appTwiatc how plcas¢d wc w¢r¢ to bc awarded Ihe Kings Award for Voluntary Service, one of only 7 organisalions in Northern Ireland to Te1Ve this prestigious award, in ihe firsi of HM King Charles KAVS. This is a significant award recognising all the effort that went in to develop Ihc club over the years through volunlary effort. The award will be presented locally by the Lord-Lieut¢nant early next year and rresentativeS of the organisalion will also attend a Royal Garden party. The year was also marked when we received the Silver Award for Makaton, currenily the highesl award 8iven by the Makaton Charily for communication excellence. We are ihe only youth club in Northern Ireland to knld the Makalon award and the only organisation lo hold the award al Silv¢r. This is a programme which enables communicalion lo lake place with young people who have additional commuThi¢ation n¢¢ds. FINANCIAL REVJEW Funding The principal funding is from 8rant$ and donalions. Reserves policy It is the policy of the charily (o maintain free r¢s¢rrfes which malches the needs of the INSI, both ai Ihe current time and in Ihe foresecablc future. This provides sufficient ndS lo cover running costs which includc managcmenl, adminislralion and supwfl cosls. Fr¢¢ r¢serv¢s are those unrestricled reserrfes not dc5ignaied nor invesled in fixed assels which are available for g¢n¢Tal use. Our reserv¢s in lernv of ¢onlingency fvnds have been depl since Ihe year end due lo a large redundancy payment lo three members of slaff, Unfortunalelyi when a particular program we were nning for the Education Auihorily came to an end, a lar8e redundancy payment fell due. Redundartcy payrnenis are noi met by lh¢ Education AuilK)riIy. STRUCTURE, GOVERNANCE AND MANAGEMENT GovernlD% document Ledley Hall Boys, and Girls. Club Trust Limited is a charitable Company limited by guarantee and does not have a share capital. li is governed by a Memorandum and Articles of ASsl110n and the liabiliiy of each member is limi(ed io an amount not ¢x¢¢¢din8 £1. RecruitmeDI, appolMtmeDt, Induetlon *lld trAlnlnR Many of Ihe present members have been involved in the charity for a number of years and w are familiar with ils work. The members regularly review the requirements of ihe charity and ihe possibility of 8 need for additional members, ikny new membeT5 would be appoinied by applying in wriling to Ihe Council for admission and b¢ proposed by a mcmbw. The Council may rejea Ihe applicalion or if not the Council will submit the application lo the next annual g¢n¢ral meeting of the Trus1 or to an exlraordinary general meeling wnvened at the direction of th¢ Council. Thc applicant shall be approved by an extraordinary resolulion of the members of the Trust passed by a majority of those present.
Page O LEDLEY HALL BOYS, AND GIRLS, CLUB TRUST LIMITED COMPANY LIMITED BY GUARANTEE REPORT OF THE MEMBERS AND DIRECTORS {conUnd) YEAR ENDED 31 MARCH 2023 sTRUuRE GOVERNANCE AND MANAGEMENT Recrnltment, appolotmeDt, IDdu¢lloD and trAlnlDg Michelle Fullerton carri&s out the day lo day managemenl of ihe charity and has delegated auihorily for operalional mallers includin8 fingnc¢ and slaffing. Th¢ dirKlors manage all oiher bUneSS decisions and meel on a quarterly basis. OrgaDlsatlonal stricture and related partles The members and directors oversee the rnnning of ¢h3rity. The related parti¢$ are the members. directors and their clos¢ family. Rlsk management Thc dirKtors have overall rponsIbIlItY for ensurin8 thai the chariiy has in place an appropriate system of controls, financial and othenvise, to provide reasonable assuratkce ihat. the charity is operating efflciently and effectlvely; its assets are safeguarded againsi uttauihorlsed use or disp)si(ion: proper records are maintained and financial infoTTnalion uscd within ihe charity or for publication is reliable: Ihc chariiy complies wilh r¢l¢vani laws and r¢gulalions: and the charity's Systems of financial control are designed io provide reasonabl4 but not absolute assuraftce agai81 material misstatemenl or loss. The members and directors have assessed the major risks lo which the charity is expos, in particular thos¢ r¢lai¢d to th¢ operations and finances of the charity* and satisfied Ihal systems are in plac¢ to mitigale any exposure to major risks. Where appropriate, sysiems or pro¢edures have been ¢51ablish¢d to mili8ate the risks ihe charity face#. Inlernal conlrol risks are minimised by ihc implementation of procedures for authorisation of all iransaclions and projects. Procedures arc in place lo ensure Compliance wilh heaiih safety of staff, volunteers, clients and visitors lo ihe premises. These procedures are periodically reviewed at I$1 annually to ¢nsur¢ ihat ihey continu¢ lo me¢t the needs of the chariiy. PLANS FOR FUTURE PERIODS The Ledley H811 Boys, and Girls, Club will continu¢ to promote the improvement of social welfare, the fostering of communiiy hamwny, Ihe improvement of hcalih and physical w¢ll-b¢in8 and the advancemenl of educalion in Northern Ireland. In particular we will address the needs of young peopl¢ as they arise. We consider flexibility io be a very important aspect of meelin8 the needs of the young people. STATEMENT OF DIRECTORS. RESPONSIBILITIES Th¢ Irustees (who are also the directors of Ledley Hall Boys, and Girls, Club Twst LimiteAI for the purposes of company law) are responsible for preparing ihe Dire¢tors' Report and ihe financial slal¢m¢nts in ar¢ordance with applicable law and Uniied Kingdom Accounling Standards (United Kingdom Generally Accepted Accounting Pracllce). Company law requires ihe direciors 10 prepare financial stalan¢nls for ¢ath financial year which give a true and fair view of the slale of affairs of the charilable company and of the incoming resourccs and application of resources. includin8 the Iorne and expenditure, of ihe charitable company for that period, In pr¢parin8 thes¢ finan¢ial statwients, the directors are required to:
Page 7 LEDLEY HALL BOYS, AND GIRLS, CLUB TRUST LIMITED COMPANY LIMITED BY GUARANTEE REPORT OF THE MEMBERS AND DIRECTORS (¢onllnued) YEAR ENDED 31 MARCH 2023 STATEMENT OF DIRECTORS, RESPONSIBILITIES selecl suitable accounting poli¢i¢s and ihen apply them consi$t¢ntly; observe th¢ mcthod$ and principles in the Charities SORP 2019 (FRS 102). make judgements and a¢untIng estimates that are reasonable and prudent: stale whdh¢r appIlble UK Accounling Siandards have been followed, subjecl to any material departures disclosed and explained in the financial staiemenls; and prepare the financial statements on the goin8 concern basis unless il is inappropriate lo presume that the charitable company will continue in business. The directors are responsible for keeping adequate a¢¢ountin8 records ihai disclose with reasonable accuraey at any time the financial position of the charitable company and enable them to ensure that Ihe financial sial¢m¢nls comply wilh the Companies Acl 2(K16, Chariiies Aci (Northern Ireland) 28 and Chari(ies Acl (Northern Ireland) 2013 and The Charities (Ac¢ounls and Reports) R¢8ulations (North¢m Ireland) 2015. They are also r¢sponsibl¢ for saf¢guarding the assets of the charitable company and hence for taking reasonable sleps for the prevenliort and detection of fraud and oihcr ine8ularilies. SMAII companle$' txemptlon This report has been prepad in accordance wilh the sp¢cial provisions r¢laling io smaEI companies within Part I S of ihe Companies Act 2006, DiKlosure of InformAlion to Auditors So far as each of the directors in otrice Bl the dale of approval of these financial $tal¢ments is aware: there is no relevanl audil Infoml10n of which Ihe charitable company's audilors are unaware. and they Fiave taken all the steps th&t they ought to have taken as directors in order lo make ihemselves aware of any relevant audit infomialion and 10 esiablish thai the dritable company's audilors ar¢ aware of ihat inforniation INDEPENDENT AUDITOR GMCG Belfasi have indicated their willingness lo remain in office and a resolution for their re-election will bc proposed at ihc forthcoming Annual General Meelin8. Register¢d Offlce: l Ledley Hall Close Beersbridge Road Belfa8t BT5 4SW Signed by order of the board Harold Jacobs Chairman Approved by the dirKXtors on ......
LEDLEY HALL BOYS, AND GIRLS, CLUB TRUST LIMITED COMPANY LIMITED BY GUARANTEE INOEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF LEDLEY HALL BOYS, AND GIRLS, TRUST LIMITED (COMPANY UMrrED BY GUARANTEE) YEAR ENDED 31 MARCH 2023 Oplnlon W¢ have audited the financial statemenls of Ledley Hall Boys. and Girls. Club Trust Limiled (the 'charitable company,) for the year ended 3161 March 2023 which comprise ihe Siaiement of Financial Activities (including income and expenditure account). the Balance Sheet, the Stalemenl of Cash Flows and noles lo the financial slalemenls, including a summary of $ignificanl aceounling policies. The financial rq)orting framework that has been applied in iheir preparation is applicable law and Unit Kingdom Accounting Standards, including Financial R¢poning Standard 102 The Financial Repurling Siandard applicable in ihe UK and Repiiblic of Ireland (Uniied Kingdom Generally Accepted Accounlin8 Practic¢). In our opinion the financial stalements: giv¢ a twe and fair view of the stale of ihe charitable Company's affairs as at 31M March 2023, and of its incoming resources artd application of resources, includin8 its income and expendilure, for the year ihen ended; have bttn properly prepared in a¢¢d0n¢C with United Kingdom Generally Aeeepied Attounlin8 Prxli¢¢; and have been prepared in accordance with th¢ requirem¢nls of ihe Companie5 Act 26. Balls for oplnlon We conducted OUT audil in accorda¢ with Inlernalional Siandard$ on Audiling (UK){ISAs(UK)) and applicable law. Our rcsponsibilities undcr ihosc 8tandatd5 arc fvrth¢r dGscribd in ihe Auditor's responsibilities for audil of the financial stalemenls section of our repon. We are independeni of the charitable Company in acrdanCe wilh the ethical r¢quiremenls thal are r¢levanl lo our audil of the rinancial statements in the UK, including ihc FRC'S Ethical Standard, and we have lfIlled our other ¢ihi¢al responsibililies in accordance with th¢se rwuirments. We believe thai the audi¢ evidertce we have obiained is sufficient and appropriate lo provide a basis for our opinion. Alfr Howc 19 AWr¢d *ro¢t BEUIAtsT BT? IIFAa DXJ9ioNR BEI3Asf SQ LeDl¥ry Housc 40 Bwlm¢w Park USBURN rz8 ZGN 17 maD&IleStr PORTADOWN Crniyvoo BTh23PB Ttl: +44(0)2890311113 Fu.. +44(0)28 903107n T¢l.' +44(0)28w26oTJ55 Fw: •44Cob8926tr 1636 Tel.. +441ola8 3833 2801 •44(0303$ 0993
LEDLEY HALL BOYS, AND GIRLS, CLUB TRUST LIMITED COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF LEDLEY HALL BOYS, AND GIRLS, TRUST LIMITED (COMPANY LIMITED BY GUARANTEE) (Conund) YEAR ENDEO 31 MARCH 2023 Con¢lM$lons relallng to golng concer In auditing the financial slatements, we have eoncluded that the ttt$. use of the going concern basis of accountin8 111 the preparation of the financial slal¢menls is appropriate. Based on the work we have performed, we have not id¢nlifi¢d 4ny material uncertainties relating io events or cortdilions Ihai, individually or collectively, may casl significant doubt on the charitablc company's ability to continue as a going Concern for a period of al Icast twelve monihs from when the rinancial stalemenls are authorised for issue. Our responsibtlili¢s and Ihe responsibilities of the tNslees with respeci to 80in8 concMI ar¢ described in the relevant sections of ihis report. Other informalion The other inforniaiion comprises the infornialion inolud¢d in th¢ annual report h¢r than Ihe financial statements and our audilor's report therein. The trustees are responsible for Ihe oiher infomaiion contained wiihin the annual re)rt. Our opinion on the financial 5talemenls does not ¢over ihe oiher information and, exrxpl to the exlent othenvise explicitly staled in our report, we do nol express any form of assurance conclusion Ihereon. Our responsibility is to read the oiher infornialion and, in doing so, consider whelr the other inf0mtion is maierially inconsislenl with the financial slalemenls or our knowledge obiained in ihe course of the audit, or oiherwise appears lo be materially mi$stai¢d. If we identify such material irtconsisierteits or apparent malerial misslalem¢nt$, we are required io d¢t¢nnine wheth¢T ihis 8iv¢s lo a material missla¢¢ment in th¢ finala1 statemenls ih¢mselves. Ir based on the work we have perfornied, we conclude thal there is a material misstalement of Ihis other infomiation, we are r4uired to rq)ort thai faei. We have nothing lo report in this regard. Oplnlons on otber matters preserlbed by the CompanSes Act 2006 In our opinbon. based on the work undertaken in lh¢ course of lh¢ audil: the infonnaiion given in th¢ Iruslees, report (incory>oratin8 the directors. report) for ihe financial year for which the financial slatemenls are prepared is consistenl wilh ihe financiAI atemen1S. and Ihc directors, report has been prepared in accordance with applic4ble legal Tequirements.
LEDLEY HALL BOYS, AND GIRLS, CLUB TRUST UMITED COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITOR'S REPORT TO THE MEM8ERS OF LEDLEY HALL BOYS, AND GIRLS, TRUST LIMITED ICOMPANY UMITED BY GUARANTEE) (conthldI YEAR ENDED 31 MARCH 2023 Matters on wbl¢h we are requlred lo report by ex¢eplioD In th¢ li¥hi of our knowledge and understanding of ihe charilable company and it5 environment obtained in the course of the audit, we have nol identified malerial mlssiatements in the dir¢¢tors' We have nothing to report in respKI of the followin8 malt¢rs in r¢lation lo whi¢h the Companies Aci 2006 requires us lo report lo you if, in our opinion: adequate acc¢)untin8 records have not been kept. or rdurns adequ•te for our audit have not been r¢cxived from branch¢s not visited by us; or Ihc financial stalemenis are n¢X In agreement wilh the accounling records and returns; or certain disclosures of dire¢lors' remuneralion specified by law are not made; or we have not received all the infonnation and explanations we require for our audit. or the Iruslees were Thol ¢ntiiled to prepare th¢ financial slatements in 8¢cordanc¢ with the small companies. K8ime and take advania8e of the small companies. exemptions in preparin8 ihe dir¢¢tors' r¢port and from lh¢ r¢quir¢m¢nt to pr¢par¢ a slrat¢8ic r¢port. Respoo$ibllltleg of trustees As explained more fully in Ihe statement of directors, r¢5ponsibilili¢s sel out OTh page 6, th¢ Iruslees (who also ¢h¢ dIrlOr$ of ihe charitable company for the purpose of Company law) are responsible for the preparaiion of ihe financiv41 statemenls and for being salisfi¢d ihat they give and iNe and fair view, and for such internal control as the (ruslees determine is necessary to enable the preparation of financial siatemenls thai are free from material misstal¢m¢nt, wh¢th¢r du¢ to fraud or error. In preparing the financial slatemenls, the INslees are resp)nsible for assessin8 ihe Charitable company's ability lo conlinuc as a going concern, disclosing, as applicable, matiers relaied to going concern and using Ihe 80ing concern basis of a¢counlin8 unless ih¢ INslees wither int¢nd io liquidaie lh¢ ¢harilabl¢ company or lo cease operations, or have no realistic alternative lo do so. Audltor'¥ r¢$poa$lblllties for the Audll of Ihe IlnAnelAI slAtem¢Dts Our objectives are to obtain reasonable assurance aboul wheih¢r Ihe financial statements as 2 whole are free from material misstatement, whether due to fraud or error, and to ISS an audilor's report that includes our opinion. Reasonable assurance is a hi8h level of assurance, but is not a guaranlee Ihat an audit conducted in accordance with ISAS (UK) will always deteci a material misslal¢m¢nt when it exists. Misstaiements can arise from fraud or error and are considered material if, individually or in thc aggrcgate. thcy could rcasonably be expected to influence the 0M1¢ decisions of users taken on ¢he basis of these finan¢ial stalements. Jrregularilies, including fraud. are Instanc of non-wmpliancc with law$ and re8ulations. We design procedures in line wilh our responsibilities, outlined above. to detttl material misstatements in respect of irregularilies. including fraud. The specific procedures for Ihis engagement al the ¢xlent lo whbch thC arc capable of dclcctin8 irre8ularilies, includin8 fraud is delailed below:
LEDLEY HALL BOYS, AND GIRLS, CLUB TRUST LIMITED COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF LEDLEY HALL BOYS, AND GIRLS, TRUST LIMITED (COMPANY LIMITED BY GUARANTEE) (conthiwd) YEAR ENDED 31 MARCH 2023 Extent to whl¢h tb¢ ludlt IVA$ Condered capable •f detecting irregularilie& io¢luding fraud W¢ idcnlify and asscss th¢ risks of matuial misslalcmcnl of ihe financial statements, wh¢ih¢r due to fraud or error, and then design and perfom the audii procedures responsive to those risks, including obtaining audil evidence that is sufficicnl and appropriate to provide a basis for our opinion. In identifying and assessing risks of material misslatemenl in r¢5pecl of irregularities, including fraud and nOn•mpli8nCe wilh laws fdnd regulations, we Considered the followin8'. The nature of the industry and sector, control environment and charity's financial r¢suli$ and position. Results of our enquiries of management aboul their own id¢nlifAcalion and a8$$ent of lh¢ risks of irregularities; Any mallers w¢ id¢nlifII having obiained and reviewed the Charity's documenlation of their policies and procedures relating to.. Identifying, evaluaiing and complying with laws and regulations and wheiher they were aware of any inslances of non-compliance; Detectin8 and responding to the risks of fraud and whether they have knowl¢d8e of any actual, suspected or alleged fraud,. and The internal conlrols established to miligaie risks of fraud or non-compliance wilh laws and regulations; The mallers discussed among the audit engagemeni l¢am regarding how and where fraud might occur in Ihe financial statements and polenlial indi¢alors of fr8ud. As a result of Ih¢s¢ proc¢dures, we considered Ihe opporlunities and incentives Ihat may ¢xist wiihin the charity for fraud and ideniified Ihe gTealesl potential for fraud in revenue recognition. In common with all audits und¢r ISAS {UK), we arc also rcquircd to perforni specific procedures lo respond to ihe risk of managemeiil ovetride. We also obtained an Unde13nding of the legal and Tegulatory frameworks that Ihe Charity operates in, focusing on provisions of those laws and regulations ihat had a direct eff1 on ihe daemiination of materi81 amounts and disclogures in ihe financial slalements. The key laws and regulations we consid¢r¢d in this conlexl included Charity legislation applicable to Northern Ireland, Charity's goveming document and local lax legi51alion. In addition, we considered provisions of other laws and regulalions ihal do not have a direa effect on the financial statem¢nls but complianc¢ with which may b¢ fvndamenlal to Ihe Charily's abilily Io operate or lo avoid a malerial penalty.
LEDLEY HALL BOYS. AND GIRLS, CLUB TRUST LIMITED COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF LEDLEY HALL BOYS. AND GIRLS. TRUST LIMrrED (COMPANY LIMITED BY GUARANTEE) (¢ontlnu•dJ YEAR ENDED 31 MARCH 2023 Audlt reiponse lo rlsks Identlfied Our PToGedur¢s lo respN)nd to risks Idtir1ed Include the following: R¢vi¢wing the financial statements disclosur¢s and testing 10 supporting docum¢ntalion to assess compliance with provision5 Of rclevant law$ and regulations described as having a direct effect on ihe financial s(alemenls' Enquiring of management concernin8 actual and potential Iltlgation and claims; Pcrfomiin8 analytical Pr(dur¢S to identify any unusual or unexp¢ed relationships that rnay indicare risk of material missiaiHnents due to fraud; Reading minutes of meetings of ihose char8ed with 8overnan¢e and reviewing corresponden¢¢ wilh lax au¢horili¢s; and In addr¢s$ing th¢ risk of fraud through managemeni override of conlrols, testing the appropriateness of journal entries and other adju$¢menls including those relaling 10 revenue re¢ognilion,' ass¢ssin8 wheiher the judgemenls made in making accountin8 ¢slimal¢s gr¢ indicative of potential bias- and evaluating the rationale of any Signifint Iransactions that ar¢ large. unusual or oulside the nornial course of ih¢ charily's activities. We also Cofflmunicated relevanl idenlified laws and r¢gulalions and pot¢nliJl fraud risks to all ¢n8a8emenl teams members and remained alert to any indieaiions of fraud or non-compliance with laws and regularions Ihroughout lh¢ audit. Owiftg to the inhereni limitations of an audit. Ihcrc is an unavoidable risk thai we may have delecied some malerial misslal¢rnent in ihe financial $tatement$ ¢v¢n ihou8h we have properly planned and perfonned our audil in aordanCe with audilin8 slandards. In addition, as wilh any audil, there remains a higher risk of non-deteciioA of irreguloriiies. as they may involve collusion, forgery intenlional omissi0Th8, misrepreseniations, or ihe override of inlernal ¢onlrols. We are noi responsible for preventing non-complian¢e and cannoi be expecled io ddect non-compliance wilh all laws and regulations. A further description of our responsibilities is available on the Financial Reponing Council's website at ww. it ililies. This descripiion fomis part of our auditor's report.
LEDLEY HALL BOYS, AND GIRLS, CLUB TRUST LIMITED COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF LEDLEY HALL BOYS. AND GIRLS. TRUST LIMITED (COMPANY LIMITED BY GUARANTEEI (¢onllnued) YEAR ENDED 31 MARCH 2023 U$e of our report This r¢pon is made sol¢ly io th¢ charilable company's members, as a body, in accordance with Chapter 3 of Pam 16 of ihe Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members ihose mall¢rs we rUIred to slate to them in an auditor's report and for no ¢xh¢r purpose, To the fullesl exient pennitied by law, we do not aLL'cpi or assume responsibility to anyone oiher ihan the charilable company and the charitable company's members as a body. for our audil work, for this rq)ort, or for the opinions we have fonned, Nl8el Moore FCA (Senlor Statutory Audltor) for and on bebalf of GMeG Belfast Cbartered Ae¢ountanti Statutory Audltor Chartered Ac¢ounlanls & Siatutory Audilor Alfred House 19 Alfred Strcel Belfasl BT2 8EQ Dal¢d: 26 lanuary 2024
Page 14 LEDLEY HALL BOYS, AND GIRLS, CLUB TRUST LIMITED COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL A[VITIEs (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED31 MARCH 2023 Unreslricied Fund5 Reslricted Funds Tot41 20Z3 Total 2022 Note Ineome from: Donations and l¢wies Investments 18,497 173 122,925 14l,422 173 234,551 TotAI Intome 122,925 141,595 234,667 Expendlture ob: Charilablc Aclivilies 516 (21.346) (21,346) (2,676) 6,740 (116,339) (116,339) 6,586 (137,685) (137,685) 3,9JO (191,767) (191.767) 42,900 Total expeDditure Net Ineomel (expeDditur¢) Tr4nsf¢r between fundi (6,740) Net movemellt In funds 4.064 3.910 42.900 ReeonclllAlloD of fufjdg: Total funds brought fonvard Toial funds elrrled forward 169.367 18J.869 351236 308.336 173.431 181,715 355,146 351.236 All incom¢ and ¢xp¢ndilur¢ derive from continuing aetivilles. The statement of findla1 a¢iivities includes all gains and losses r08n1$¢d during the year. Th• not•s on pap$ 17 to 31 fomi pwt of th•80 flnanclal •talement•
Page 15 LEDLEY HALL BOYS, AND GIRLS, CLUB TRUST LIMITED COMPANY LIMITED BY GUARANTEE BALANCE SHEET YEAR ENDED 31 MARCH 2023 2023 2022 Note Flxed Assets Tangible Assels 13 290054 290,854 305,229 305,229 Currenl Assets Debtors Cash ai bank and in hand 14 3,657 74.758 15,709 46,732 78,415 (l4,123) 64,292 62.441 Credltors; amounts falllDg due wllhln one year Net current •s$ets 15 (16,434) 46,007 Net Assets 20 355,146 351.236 Charlty Funds Restricted funds Unrestricted funds 18 18 18l,715 173,431 181,869 169.367 Total ¢haTlty funds 3SS,146 351,236 These finarteial sialements have been prepared in accordance with ihe special provisions for small companies under Part 15 of ehe Companie5 Act 2006. The financial iat Dir¢clors on enls on pages 14 to 31 were approved and auihorised (or issue by the Board of ..and w¢r¢ signed on behalf of ihe Board of Direclors by: Harold Jacobs Dlrector Dale.. John Cross Dlreetor Dale., The notes on pages 17 to 31 forni part of th¢5¢ financial 5talem¢nls. Company Registration Number: Nl 014357
Pag• 16 LEDLEY HALL BOYS, AND GIRLS, CLUB TRUST LIMITED COMPANY LIMITED BY GUARANTEE STATEMENT OF CASH FLOWS YEAR ENDED 31 MARCH 2023 2023 2022 Nole Cash flow from operatlng a¢tlvllAes Net eash fl•)w from op¢ratln8 Artlvltle$ Casb Ilow from IDvestlng a¢tlvltle$ Intere from inv¢slmenls Payments to acquire tangible fixed assels N¢t casb llow from Investing A¢dvltl¢s 21 2753 44.702 44.702 173 (10.946) {10,830j 173 Net Incre4Je lu cash and eisb equlvAlents 28,028 33.872 Cisb and casb equlvaleDts al l Aprll 2022 Ca8b and Cash ¢qulvl¢nt$ 1131 Mar¢h 2023 46,732 12.860 74,758 46,732 Cash and eajh equlvalents conslits of. Cash at bank and in hand 74,758 74,7S8 46,732 46,732 Cash and Clsh eqglvalellts at 31 Mreh 2023
Page 17 LEDLEY HALL BOYS, AND GIRLS. CLUB TRUST LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2023 PrlDclpal accouDtlng polkles General laformillon and basls of preparatloll Ledley Hall Boys, and Girls, Club Trusi Limited is a charitable company limited by 8uarante¢ and not having a share capiial and is regisl¢red in Northeni Ireland. The address of the registered offic¢ is given in ih¢ charity infonnalion on page l of these financial stalemenls. The company was established under a Memorandum of Asso¢ialion which establbsh¢d the objecls and powers of the charitable company and is governed under ils Articles of Association. The charitable company conslitules a public benefit entity as defined by FRS 102, Statement of compllanee The financial slatemenls have been prepared An accordance with applicable accounting standards, Accounting and Reportin8 by Charities: Slalcmcnl of Rccommended Praclice applicable lo charilies prq)aring Iheir accounts in accordance with Ihe Financial Reporfing Siandard applicable in Ihe UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in th¢ United Kingdom and Republic of Ireland (FRS 102), the Chariiies Acl (Northem Ireland) 2008, chariti Acr (Northem Ireland) 2013, Th¢ Charities (Accounls and Reports) Re8ulations (Northern Ireland) 2015, Companies Aet 2006 and UK Generally A¢¢¢pted Practice. The financial slatements are prepared on a going concern basis under the historical cosl convention. The financial statements are presented in sterling which is the funclional currency or the chariiy and rounded io ihe nearest £1. The significant Accounting policies applied in the preparation of these financial slat¢in¢nls Are sel Qui b¢low. Thes¢ policies have been ¢onsis(ently applied io all years presenled unless othen¥ise staled. Fund accountlng The charity has various types of funds for which it is responsible and which require separale di10$Ure. A definition ofihe various iyyes of funds is as follows: Unrestricted funds The charitable company's unrestricled fvnds con3isI of a Ggneral Fund which is expendable al the discretion of Ihe direclors and members in furthcranc¢ of the charilable objects of the company. The directors and mejnbers may al their dis¢retion designate funds for splfIC purposes but the d45ignation does noi legally reslrict th¢ dir¢clors and mcmbers, discretion lo apply Ihosc funds. Restrltted Restricted fvnds are to be used for specified purtK)5¢5 as laid down by thc donor. Exp¢nditurc which meets these Criteria is dwrged to the fund, together with a fair allocation of oveth¢ads and support cosls.
Pago 18 LEDLEY HALL BOYS, AND GIRLS, CLUB TRUST LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (contlnued) YEAR ENDED 31 MARCH 2023 Principal aeeountlng pollcleg (couilM4edJ Incom¢ rrfognltlon All incoming resources are in¢luded in th¢ Statement of Financial Activities (SOFA) when Ihe ¢harity is legally enliiled to the income after any perforniance conditions have been met, Ihe amount can be measured reliably and it is probable that the income will be received. For donalions lo be ¢0iSed the chariiy will have been notified of the amounts and the setilement dale in wriling. If there are conditions laChed to the donation and ihis requires a l¢vel of perforniance before entitlement Can bc obiained then incorne is defeffed unlil ihose conditions are fully met or the fuifilment of Ihose conditions is wiihin the control of the charily and it is probable that they will be fulfilled. Donated facilities and donated professional services are recognised in Incon]e al their fair valu¢ when Iheir economic benefit is probable, n Can b¢ measured reliably and the charity has control over Ihe item. Fair value is dderniined on the basis of ihe value of the gift to the charity. For example the amount the chariiy would willing lo pay in the open market for such facililies and services. A ¢offespondin8 amount is recognised in expendiiur¢. No amounl is included in the financial slalements for voluntttr time in linc with Ihe SORP (FRS 102). Furth¢r ddail is given in ihe Trustees, Annual Report. Where pracli¢ablA gifts in kind donated for dislribution to the beneficiaries of ihe charity are included in stock and donalions in ihe financial statements upon receipt. If il is impraclicable lo assess the fair value at receipt or if ihe cosls to undertake such a valualion oulw¢i8h any b¢n¢fils, then the fair value is rOls¢d as a Componenl of donalions when il is dislribuied and an equivalenl amounl r¢¢ognised as charilable expenditure. Voluntary income rtrxived by way of donations and gift 13 ¢r¢dit¢d to r¢v¢nu¢ (m A r¢ceivable basis. Gifts in kind donaied for resal¢ are included ai fair value, being the expecied proce$ from sal¢ l¢ss lh¢ expected costs of sale. Where eslimaling Ihe fair value is praclicable up)n receipt il is rccognised in stock and 'lncome from other ir8din8 activili¢s'. Upon sale, the value of ihe stock is dr8ed againsl 'Income from h¢r Irading a¢livilies' and ihe proceeds are recognised as 'ln¢ome from olher Irading aclivities,. Where it is impTacti¢ablc to fair valuc thc ilcms duc to th¢ volume of low value items thcy ar¢ nol recognised in ihe financial slatemenis ll11 they are sold. Thi5 inwme is recognised within 'Income from other Irading aclivities,. Fixed asset gifts in kind are recognised when receivable and are included at fair value. Th¢y ar¢ nol defeffed over Ihe life of the asse¢. For legacies, entitlement is the earlier of ihe charity being notified of an impending disiribution or Ihe legacy being received. At this poinl income is recOlS¢d. On oa$Lon legacies will be nolificd lo Ihe charity however it is noi possible to measure the amount expected to be distribuied. On these occasions, lh¢ l¢ga¢y is treated as a conting¢nt assel and disclos¢d,
Page 19 LEDLEY HALL BOYS, AND GIRLS, CLUB TRUST LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (Continu) YEAR ENDED 31 MARCH 2023 Prlnclpal aecountlng polleies i¢è#ilh4edJ In¢ome re¢ognlllon (¢ontinued) Income from iradin8 aciivities includes income earned from fimdraising evenls lo raise funds for the charily, Income is rcceivcd in exchange for supplying goods and services in order to raise funds and is recognised when enlitlcmcnt has occurrcd. Incorne from government and other granls are reco8nised at fair value when the charity has entitlement after any perforn)ance condiiions have been met, it is probable thai the income will b¢ received and the amount Can be measured r¢liably. If enlitlement is not met ihen these amounts are deferred. Revenue granls are credited lo incoming resources on the earlier dale of when fh¢y are received or when Ihey are receivable. unless ihey relate10 a specified future period. Grants which conlribule towards specific expenditure on fixed assels ar¢ credit¢d to ihe SofA in fvll upon rec¢ipi. Investment income is inleresl earned ihrou8h holding cash ai bank. Interesl income is recognised when receivable. Cxher income represenls in¢om¢ ihjl cannot reported under th¢ oih¢T analysis h¢adin8s provided within ihe SOFA. Expendlture re¢ognltlon All expendiiure is accounted for on an accruals basis and has been Classifi under headings Ihai aggr¢ga(¢ 411 wsts lated ¢0 ihe calegory, Exp¢nditur¢ Is recognised where Ihere is a legal or conslructive obligaiiort 10 make paymenls lo Ihird parties. it is probable Ihal the seltlem¢nl will be requir and th¢ amounl of Ihc obligalion can bc measured reliably. It 1$ categoris¢d under ihe followin8 headAngs: Expendilure on charitable activilies comprlses Ihoae colts incurred by ihe charity in Ihe delivery of ils aclivili¢s and Servic for its b¢neficiaries and includes salary cos1$ and an apportiorunent of support cosls; her ¢xpendilur¢ r¢presenls those ilems noi falling inlo the cate8ories abov¢. Support Costs allocation Support costs are those that assist the work of the chariiy bui do not directly represent ¢haritable activilies, for example, governance cosis. The analysis of ihese costs is included in not¢ 6. They are incurred dirttily in support of expenditure &n the objects of the charity. Where support cosls cannot b¢ dirtlY attributed to particular h¢adin8S th¢y have been allocaled to expendilure on charitable activities on a basis consislenl wilh use of the resources. Siaff costs and ovcrhcad expenses are allocatd io aclivities on ihe basis of staff tim¢ speni on ihose activities. Fund-raising costs are those inCUd irk seeking volunlary contributions and do not tnclude the costs of disserninatin8 infornvdlion in support of the charitable aclivities.
Page 20 LEDLEY HALL BOYS, AND GIRLS, CLUB TRUST LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS {contlnu•d) YEAR ENDED 31 MARCH 2023 Prlncipal a¢¢ounting polkle9 (£omilAUtd) Employee benefits When ¢mploy¢es have r¢ndcr¢d s¢rvic¢ to th¢ Charity, short-terni employee bencfiis to which the employees are enii(led are recognised ai Ihe undiscounied amount expectd io be paid in ¢x¢hange for that service. The chariiy operate$ a defincd contribulion pctL4ion plan for the benefil of its employees. The assets of ik s¢h¢m¢ ar¢ h¢ld separately from those of the charily. Conlributions are char8ed to the SOFA as they become payable. Valyt Addtd Tax The charity is noi re8islered for VAT purposes, therefore expenditur¢ is shown gross of VAT. TAD8ible flxed assets and deprttlatlon The Cost of tan8ible fixed assets is their purchax Cost. tog¢lh¢r wilh any incidental costs of acquisition. Deprecialion is calculated so as to write off the cost of tangible fixed assets. less their ¢slimat¢d r¢sidual values over Ihe expected usefvl economic lives of ihc assels ¢on¢¢rned. The prirKipal armual ral¢s used are as follows: Leasehold property Motor vehicles Fixtures and fillings Cups and equipmenl 20/0 Slraighi line 251)/• reducing balan¢¢ 15.10 r¢ducing bAlae 250/0 Straighi lin¢ Wh¢r¢ th¢ r¢wverable amount of a fixed assel 1$ fouMI lo Ix below ils net Ik value, the asset is wrillen down to the recoverabl¢ figure aml ih¢ loss on impairm¢nt is r¢co8nis¢d in ihe SOFA. Debtor8 and eredltors recelvabl¢ I payable wlthln one year Debtors and creditors with no siaied interest rale and receivable or payable within onc year are rOrd at Iransxtion pri¢¢. Any Ios8¢5 arising from impairnienl are recognised in expendiiure. Tax As a charity, the company benefits from various exemptions afforded by tsx1¢8151alion. li is therefore nol liable to corporation tax on incom¢ or 8ains falling due within Ihose exempiions. Goini ton¢ern The irustees have considered the level of fijnds held and the expected level of income and expenditure for 12 monih$ from authorising thcse financial statcmcnls. Thc budgdcd incomc and cxpenditure is sufficient wilh the level of reserves for the eharily to be able lo continue as a 80ing concern. We bclicvc thal thc company's financial slatun¢nls should be prepared on a going concem basis on t groun¢ls thai current and tUre sources of fvnding or support from ihe Education Authority. other funders and bat will b¢ mor¢ than ad¢quale for the company's needs. We believe that Ao furth¢r disclosures relating to the company's abilily to continue as a going concern need io be made in the rinancial stalema)Is.
Pay 21 LEDLEY HALL BOYS, AND GIRLS, CLUB TRUST LIMITED COMPANY LIMITED BY GUARAwfEE NOTES TO THE FINANCIAL STATEMEKfs (contlnu•d) YEAR ENDED 31 MARCH 2023 PrIn¢l1 ie¢•untlDg pollcles (¢Ohlin#edJ Judgenwits And key iour¢es of estimation un¢ert*lnty The following jud8ements including those irtvolving eslimales have been made in the pr¢S5 of applying the above accounling policies ihal have had the most significani effect on the amounts recogniscd in the financial slatemcnts and ihat have a significant risk of causing a material adjusimenl to ih¢ carrying amounls of assets and liabilili¢s within ihe nexl financial year: (i) depreeialion mdhod. assel usefvl lives and residual value8 The estimates and assumoions are reviewed on an on80in8 basis consideriTh8 the currenl and fvture market condilions. Stalui Th¢ company has been granl¢d charilablc slalus for lax purposes by HM Revenue & Cusloms, regislration number XN S8471, and is a company limited by 8uarantee not havin8 a share Capiial. Ineome from donatlon$ and l¢gi¢les Unrestrieted Re$lri¢led Funds Funds Total Unrestricted Restricted Fund¥ Funds Funds 2023 Totsl Funds 2022 Donations Grants Subscriptions and activilies Legacy Job Relenlion Scheme (Covid-19) 4,728 2,149 6,877 120.776 120,776 2.741 6.2(J) 191,557 8,941 191,557 13,769 13,769 15.627 I,(K)O J5,627 1,000 17,426 17,426 234,SSI 18,497 122.925 141,422 19,368 215,183
Page 22 LEDLEY HALL BOYS, AND GIRLS, CLUB TRUST LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (contlnued) YEAR ENDED 31 MARCH 2023 InconK from donations and legicies (comilnued) Grants Unrestricted Reslrlcled Funth Funds Totil Funds 2023 Unrestricted Resiricled Funds Funds To] Funds 2022 ARC Departmenl of Ju$tirx Belfasi Cily Council Active Communili¢s Henry Smith Children In Ne Community fund East Belfast Area Edu¢ation Authority Granls in year underspend Keep Nl Beauliful Live Here Lov¢ Here M & S Progrnmm¢ Neighbourly Virgin Media Other small 8rants 1,338 lJ38 7,500 7,500 11,220 11220 3,850 3,850 2,150 13,1)00 2,150 13,000 10,000 10,720 1,243 lo,0 10.720 1,243 97,126 97,126 154,863 (3,303) 120 154.863 (3,303) 120 480 480 1.000 1,000 I,(M)O 26 1.000 26 120,776 I20,776 191,557 191.557 4. Jn¢om¢ from Inv¢5trneDts Uar¢strl¢ted Reslrlcted Total Fund$ Untricted R¢siricl¢d Total Funds Funds Funds 2023 Funds Funds 2022 Bank interest 173 173 173 173
Page 23 LEDLEY HALL BOYS, AND GIRLS, CLUB TRUST LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (contlnued) YEAR ENDED 31 MARCH 2023 S. Charltable acllvllles - Youth Club Unrestrleted Restricted Totil Fund8 Unrestricled Restricted Tolal Funds Fundi Funds 2023 Funds Funds 2022 Cost directly allocaied io aclivities (note 6) Support costs (note 6) 2,260 IOSJ99 107,639 1232 1 $3,997 155,229 19,086 21J46 10,940 116J39 30,026 137.685 22,745 13,793 36,538 191,767 23,977 167,7 Analysls of lotil expenditure Charltable let1lIeS Restrleied Unrestrlcted Youth Youth Club Club Ralslng funds Total 2023 Basls of allocation Costi dlreelly Allocated to Wag¢s and national insurance Cleanin8 Lighi and heal Telephon¢ Molor I travel expenses Club adivities Direct Direct Dlrect Dir1 57,440 S7,440 2,260 2,260 6,566 1,031 1,031 Direcl Direcl 2,230 38,132 2,230 38,132 105,399 2,260 107,659 Support Costs Gov¢rnan¢e (not¢ 7) Tim¢ Spent Depreciation Floor area Repairs and rencwals Insurance and rates CompLtter costs Sundries 5,365 756 14,375 6,121 14,375 Nature Floor space Time spent Staff iimelfloor space 1,584 1,$84 4,701 4,701 874 2,371 3,245 10,940 19,086 30.026 116,339 2l,346 137,685
Page 24 LEDLEY HALL BOYS, AND GIRLS, CLUB TRUST LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (condnu•d) YEAR ENDED 31 MARCH 2023 6. Analysis Qf lotAI ¢xp¢ndlture (conlinued) Charitable activities Restricied Unresiri¢led Youth Youth lub Club Raising funds Total 2022 Basis of all(Kalion Costs directly allocated io a¢tivili¢s Wagts and naiional insurance Cleanin8 Lighi and h Telephon¢ Motor / travel expenses Club aclivities Direcl Direct Direcl Direct 90,157 90.137 1,232 3.397 1,232 3,397 Direcl Direcl 1,375 57,927 1.375 57.927 153,997 1,232 155,229 Support Costs Govemance (nole 7> Time spenl Deprecialion liloor area Repairs and renewals Insurance arml raies Compul¢r costs Sundrics 1,738 3,060 14.975 4,798 14,975 Nature Floor space Time spent Staff tirneifloor space 1,762 1,762 4,455 4,455 7,600 2,948 2,948 13,793 22,745 36,538 167,790 23,977 191.767
Pag• 25 LEDLEY HALL BOYS, AND GIRLS, CLUB TRUST LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (¢ontlnued) YEAR ENDEO 31 MARCH 2023 Goveroanee efy81s 2023 2022 Noie Auditor's remutieraiion (itteluding expense5 and benefils in kind) Directors, remuneration Directors, expenses Legal and professional fees Bank interest and fees s,100 I,soo 10 10 252 265 3.060 238 5,617 4,798 Iyet Ineomel (expendllur¢) for Ib¢ year 2023 2022 Thls Is stited After cbarytn8 Fees payable lo the ¢ompany's auditor for audil ofthe accounls Deprecialion of tangible fixed a55¢t5 - own¢d 45Kts s,100 14.375 1,5Crf) 14,975 Audltor's ttmuneratlon The audilor's r¢mun¢ralion amounts lo an audii f of £2,550 (2022: £750) and accountan¢y f$ or £2,550 (2022: £750). 10. Dlreetors, and key manAgemeDt personnel remunerallon and expenses The directors neither e1Ved nor waived any remuneralion during the year (2022: £Nil). The iolal amounl of employee benefils received by key management pcr50nn¢l is £Nil {2022: £Nil), Th¢ chariiy ¢onsid¢rs ils k¢y mana8ement personnel compromise the Board of Direclors. Nil (2022: Nil) tNstees are ac¢Ning pension arrang¢menls. The truste¢$ did noi have any expenses reimbursed during ihe year (2022; £Nil),
Pago 26 LEDLEY HALL BOYS, AND GIRLS. CLUB TRUST LIMrrED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMEMfs (contlnu YEAR ENDED 31 MARCH 2023 I l. Staff ¢0s1s and ¢mplrf)yee beDellt$ The average monihly number of employees during the year was as follows: 2023 Number 2022 Number Charilable aclivities: Managemenl Supervising The ioial staff costs and employee5. benefit5 was as follows: 2023 2022 Wages and salaries Social securily Pension Redundancy $6,778 84.057 1,208 1,281 3,611 662 37,440 90,157 No employees received total employee benefils {ex¢ludin8 ¢mpLoyer p¢nsion costs) of more than £60.000. 2023 2022 Allo¢aled io.. Charitable activities 57,440 S7,440 90,157 90,157 11 TAxalioA The charity is a registered chariiy and such is entiiled 10 ¢¢rtain lax exempiiotss on Iome and profi15 from invlMen1$ aryj surplus¢s on any Irading activities carried out in the fvrtherance of the charily's primary objKtives, if ihese profits and suluse5 are applied soldy for ¢hariiable Purposes. The charily 15 not re8lStered for VAT and, accordingly, all their expendilure is inclusive of any VAT incurred.
Page 27 LEDLEY HALL BOYS, AND GIRLS, CLUB TRUST LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (¢onllnu•d) YEAR ENDED 31 MARCH 2023 13. Tangible flxed assets Leisebold property Equlpment Flxtures & Flttlngs Motor Vehl¢lei Total COST At I ApTiI 2022 and al 31 MArtb 2023 413A37 11,141 94.864 9.000 528,442 DEPRECIATION Ai i April 2022 Charge for the year At 31 Marcb 2023 138,771 8369 147,040 2,932 2,737 5,669 72.671 3J29 76,000 8,839 223,213 14J75 8079 23788 NET BOOK VALUE At 31 Marcb 2023 266J97 274,666 &472 8.209 18,864 22,193 290J54 305,229 At 31 Mah 2022 161 14. Debtors 2023 2022 Pr¢paymenis and accNed income 3,657 15,709 IS. Credttors: amounts falllng due wlthln ooe year 2023 2022 PAYE and social swurily Accruals Oiher Greditors 2,186 11,832 ios 2,328 13,995 14,123 16.434 16. P¢n$loni The ch8riiy operales a defined Contribution pension sch¢m¢ for employees. Th¢ assels of Ihe scheme are held separalely from iFK)se of the charity. The coniribuiions paid by ihe charily durin8 ihc year amounted to £662 (2022: £1,281). At the balance sheet dale outstsndins payments to ihe nd totalled £105 (2022,. £111).
Page 28 LEDLEY HALL BOYS, AND GIRLS, CLUB TRUST LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (contlnu•d) YEAR ENDED 31 MARCH 2023 17. C•nllngent IIAblllties The charitable company has a contingeni liabilily lo repay grants re¢eived if ih¢ company fails to mply with certain ¢ondilions stipulated in the letier of off¢r and ternis and conditions of contract under which ih¢ granls were paid. The directors do expect any cjaims to be ma(k in this spccl. The Department of Education for North¢m Ireland agreed to make a grani to the company of a sum not exceeding £300,000 towards expcnditur¢ Iu1r¢d by the company subject to ternis and condilions conlained in an Indenture dated 31 V December 1987. If within 50 years from Ihis date the conditions of the grnnt no longer apply, Ihere shall be payable lo ihe Departmeni by lh¢ company a sum which ihe Department cotL8iders equitable bul which docs not cxceed the sum del¢rmined by Ihe ¢al¢ulation set forth in Articles I1{5) of the Order. The Childhood Fund Support Serrfice, under the EU Special Support Progranune for Peace atkl Reconcilialion Childhood Fund, a8reed to mak¢ a granl of £32,000 io the company towards ih¢ e5tAbli$hmenl of a playcare group for children of primAry school age subjrxt to temis and conditions contained in an agrttment daied 181h July 1997. If the company defaults on ¢crtain conditions specified in the agreemertl il 1$ required to repay such part of ih¢ projexi fvnds as is in its ssession al the da¢e of default. The Dartmen1 of Education for Northern Ireland agrttd io mak¢ a grant to the company of a sum nol ex¢¢¢ding £166,747 (owards ¢xpenditure incurred by th¢ company subject lo iernis 8rMI condblions contained in an Inden¢ure daled 71h (kiober 2013. If wiihin 22 years from this dale the conditions of the granl no longer apply, Ihere shall be payable to the Department by the company a sum which ih¢ Departmenl considers equitable bul which does noi ¢x¢¢ed the sum detemiined by Ihe calculation sd forth in Articles 8(3) of th¢ Ord¢r and it 15 hercby declared lh any sum payable lo the Departmenl under ihe provisions of the eovenants shall be in addition lo and not in subslilulion for any olhcr sum payable lo ihe Department under th¢ provisions of these pr¢s¢nls,
Pagè 29 LEDLEY HALL BOYS, AND GIRLS, CLUB TRUST LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (continu) YEAR ENDED 31 MARCH 2023 18. Fuad r¢¢onclllatloA Unrestrlrted fund$ Balance at April 2022 Balance It 31 March 2023 Income Expcnditurc Transfcrs Unresiri¢¢ed., General 169,367 18,670 (21,346) 6.740 173,431 169,367 18,670 (21,436) 6,739 17J,431 Balan¢e 1¢ BAlanLe al 31 M8r¢h 2022 Income Expenditure Transfers 2021 Unrcslriclcd.. General 166,975 19,484 (23,977) 6,885 169,367 166,975 19,484 (23,977) 6,885 169,J67 ReslYl¢t¢d funds BalanGc al April 2022 Balance at 31 MAreh 2013 Income Expenditure Transfer$ Re4lricled.. Capital Revenue 14S,422 36,447 (6.740) 138,682 43,033 122.925 (116.339) 181,869 122,925 {116,339) (6,740) 181.7AS Balance at l April 2021 Balance at 31 March 2022 Income ExpendiNr¢ TraTh8f¢rs Resiri¢ied: C•pital Revenue 141.361 10,946 204,237 (6.885) 145,422 36,447 (167,790) (167,790) (6,885) 141,361 215,183 181.869 The transfer of funds repr&sents deprecialion on restricl¢d fixed asseis transferred out of unrestricted to reslricled funds, and funds from unrestricied funds lo restricied fvnds to cover shortfalls in reslricted funding.
Pagé 30 LEDLEY HALL BOYS. AND GIRLS, CLUB TRUST LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (contlnued) YEAR ENDED 31 MARCH 2023 19. Fund de$¢rlptloDS a) untrIcted funds Furkls which are exp¢ndabl¢ at th¢ discretion of the ChilY in fihcranCe of ils objecliv&s. In addilion to expendiNre on activilies su¢h funds may be h¢ld in order lo funce pital investment and workn.ng capilal. b) Restricted funds Resiricled fvnds are to bc used for specifid purposes as IAid down by the donor. Expenditure which meets Ihese criteria is charged ¢0 the fund, logeiher wilh a fair allo¢alion of ov¢rh¢ad3 and support costs. 20. ADAlysli of net agsets behyeen fvnds Unrestricied funds Restricted funds Total 2023 Fix¢d assds current assets 152,172 21.258 138,682 43,034 290054 64392 Tolal 173,430 181,716 353,146 UnreslriGied funds Restricied funds Tolal 2022 Fixed assels Net cuTr¢nl assets 159.807 9,560 145,422 36.447 305,229 46,007 Tolal 169,367 181,869 351,236 21. Reeonelll•tlon of Det ID¢ome to Del cash llow from operallng aellvltles 2023 2022 Nel iome for th¢ y¢ar 3,910 42,900 Depreciation and impairnien( of tsn8ible fixed assels Interest received from inveslments D¢cr¢asd(increase) in debiors {De¢rease) in creditors Net cash flow from Opting activities 14J75 (173) 12,052 (zjii) 27,8S3 14.97S (116) (13,033) (24> 44,702
Page 31 LEDLEY HALL BOYS, AND GIRLS, CLUB TRUST LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (contlnu•dJ YEAR ENDED 31 MARCH 2023 22. ADAIysis of cbanges ID net debt Bal•nce at l April 2022 Cash flows Bilance at 31 M4r¢h 2(123 Cash at bank 46,732 28.026 74,7S8 Cash and cash equivalents 46.732 28,026 74,758 Net debi 46.732 28.026 74,7S8 FlnAn£l*l ¢ommltment No contracts had been pla¢¢d for fiUre Capital exp¢ndilure ai the balance sheet date. 24. Llab611ty of memberg Ledley Hall Boys, and Girl$. Club Tnjst Limited is a Company limiied by guarantee and does not have a share capilal. It is governed by a Memorandum and Articles of Association and thc liability of memlxrs is limited io an amounl not exceeding £ I 25, R¢lat¢d parti¢$ There were no related party trdnsaciions during the year (2022: £Nil).