**Charity registration number NIC103603 (Northern Ireland) Company registration number NI014357**
**LEDLEY HALL BOYS' AND GIRLS' CLUB TRUST LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **LEDLEY HALL BOYS' AND GIRLS' CLUB TRUST LIMITED**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
**Trustees** Mr H Jacobs Mr G E Cinnamon Mr R Morrow **Secretary** Mr G E Cinnamon **Charity number (Northern Ireland)** NIC103603 **Company number** NI014357 **Registered office** 1 Ledley Hall Close Beersbridge Road Belfast BT5 4SW **Independent examiner** GMcG BELFAST Chartered Accountants & Statutory Auditor Alfred House 19 Alfred Street Belfast BT2 8EQ **Bankers** Danske Bank P.O. Box 183 Donegall Sq West Belfast BT1 6JS **Solicitors** Carson McDowell LLP Murray House 4 Murray Street Belfast BT1 6DN
## **LEDLEY HALL BOYS' AND GIRLS' CLUB TRUST LIMITED**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 5|
|Independent examiner's report|6 - 7|
|Statement of financial activities|8|
|Balance sheet|9|
|Notes to the financial statements|10 - 19|
## **LEDLEY HALL BOYS' AND GIRLS' CLUB TRUST LIMITED**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2025**
The trustees present their annual report and financial statements for the year ended 31 March 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)".
## **Objectives and activities**
## Principal activity
The principal activity of the charitable company during the year continued to be the promotion of the charitable objects of assisting in the social welfare, education and physical well-being of young people from areas of social deprivation.
Ledley Hall exists to help young people take control of their lives. We work in partnership with children and young people as they seek to meet their personal, social, emotional, cultural, political, and physical needs. We offer young people guidance and support and encourage them to excel. Leading by example we promote values such as trust, honesty and friendship and dare young people to dream. In working to achieve these aims we will strive to create a climate of mutual respect, understanding and equality.
## Vision Statement
Ledley Hall exists to help young people take control of their lives. We work in partnership with young people and provide opportunities for their development. We offer young people guidance and support and encourage them to excel. Leading by example, we promote values such as trust, honesty and friendship and dare young people to dream.
## Values Statement
- the dignity and worth of every young person
- individual differences
- the growing autonomy of every young person
- every young person’s right to be a voluntary participant in any helping process
- the potential of every young person
## _Strategies for achieving aims and objectives_
We achieve our strategic objective by operating a Youth Club in dedicated premises. We have done this since 1942. We deliver services to young people in the 5-25 age range. This centre operates full-time over 7 days and has over 300 registered members.
Much of what we have stated in previous trustees reports is still applicable. Our strategic objectives remain as before namely to assist young people in regard to taking control of their lives. Our aim is to provide a safe and secure environment for our young people, a home from home, a place where young people have opportunities for fun, making memories and learning in an informal way. We provide one-to-one support for young people and have an on-site counsellor.
- 1 -
## **LEDLEY HALL BOYS' AND GIRLS' CLUB TRUST LIMITED**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025**
## _Public benefit_
The Board of Ledley Hall Boys’ and Girls’ Club Trust Limited confirm that they have had due regard for the guidance produced on public benefit by the Charity Commission for Northern Ireland, and are pleased to report that during the year the charitable company has continued to provide public benefits through the programmes and services we offer. In particular, the directors consider how planned activities will contribute to the aims and objectives they have set out.
## _Volunteers_
Ledley Hall maintains excellent volunteer engagement. We have on average 55 volunteer hours per week. Over the 52 weeks of the year this equates to 2,860 hours per year. If this is conservatively valued at the average minimum wage for workers aged 21 years and older for the year of £11.44 an hour the volunteer effort amounts to over £32,718. Many of our programmes are reliant on volunteers and they are an essential part of what we do.
## **Achievements and performance**
## _Significant activities and achievements against objectives_
Ledley Hall continues to benefit from excellent volunteer engagement. Many of our programmes, including the Breakfast Club and our IABA affiliated boxing club, would not take place without the input of volunteers. We have high levels of volunteering, with at least 40 hours per week volunteered every week; this means that on average we receive over 2,000 volunteer hours every year.
During 2025, Ledley Hall Boys and Girls Club Trust Ltd continued to deliver a broad range of youth and community programmes, responding to local needs and supporting children, young people and families.
We were pleased to sustain the delivery of our IABA affiliated boxing club. This remains a strong and positive outlet for young people, promoting fitness, discipline, confidence and teamwork.
Our Children in Need funded Homework Club continued throughout the year, providing structured support for learning and helping to address educational underachievement. The club also provides a safe environment where young people can build positive study habits and receive encouragement from staff and volunteers.
We also continued to provide a Breakfast Club, ensuring children and young people have access to a nutritious start to the day and supporting families who may be experiencing financial pressures.
Our Kindness Crew remained a key strand of our work, providing food and provisions to local families and others within the community. This was supported by donations from Neighbourly, Mash Direct and the Hygiene Bank NI, alongside a weekly donation from Allied Bakeries of bread and pancakes. These donations support both the Kindness Crew and our Breakfast Club, and they also contribute to the availability of a night-time snack for young people attending evening sessions.
The Dolly Parton Imagination Library continued to run during 2025 with the support of the Shared Housing Programme. This programme provides books for 100 children aged 0-5 every month, helping to ensure books are reaching homes and supporting early literacy. As well as providing books at the right age and stage, each delivery includes information for parents and carers to help them make the most of the books and encourage shared reading.
Youth Voice continues to be central to our approach. Our Junior Members and Seniors Members Committees have remained effective in putting forward the views and opinions of other young people within the centre, and in taking the lead on events and activities. For example, the Junior Members Committee assists in the delivery of seasonal discos for their peers.
We continued to work in partnership with Andy Allen Veterans Support to provide a monthly veterans breakfast and to develop projects that bring young people and veterans together. This has proven to be valuable intergenerational work, building mutual understanding and strengthening community connections.
An important part of our work continues to be our preventative curriculum. This includes age-appropriate safeguarding and wellbeing inputs such as PANTOSAURUS and internet safety, helping children and young people recognise risk, build resilience and make informed choices.
- 2 -
## **LEDLEY HALL BOYS' AND GIRLS' CLUB TRUST LIMITED**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025**
Our primary objective is as always to address the needs of our young people. This is done through consultation with them, their parents and the wider community. We facilitate an annual assessment of need and create our programmes and opportunities around the needs expressed. We also work to the Education Authorities Local Assessment of Need and the Local area plan for East Belfast and take into consideration the NISRA statistics for the area. The challenge is to respond as quickly as possible to emerging needs. Funding and the availability of resources continue to be ongoing considerations. Evaluations from our young people indicate satisfaction with the programmes delivered.
There have been no significant financial developments. Our financial situation is dependent on the funding received. There are no new factors affecting the financial position of the trust.
Our plans for future periods are to continue to address the needs of the young people as set out in our mission and vision statements. We will continue to work to maintain an appropriate reserves policy where possible.
## **Financial review**
Total income for the year was £169,023 (2024 - £145,449). Income from donations and legacies amounted to £168,809 (2024 - £145,271) and income from investments amounted to £214 (2024 - £178).
Total expenditure on charitable activities in the year amounted to £172,890 (2024 - £142,201).
The net deficit for the year amounted to £3,867 (2024 surplus £3,248).
The balance sheet shows that the charitable company had total funds of £354,527 as at 31 March 2025 (2024 - £358,394). This includes restricted funds carried forward of £182,666 (2024 - £188,063) and unrestricted funds of £171,861 (2024 - £170,331). Unrestricted funds excluding fixed assets (free reserves) are £33,865 (2024 - £25,409).
The trustees will continue to monitor this position going forward and, as described in note 1.2, the financial statements have been prepared on a going concern basis.
The results for the financial year are set out fully in the financial statements.
## _Reserves policy_
It is the policy of the charity to maintain free reserves which matches the needs of the trust, both at the current time and in the foreseeable future. This provides sufficient funds to cover running costs which include management, administration and support costs. Free reserves are those unrestricted reserves not designated nor invested in fixed assets which are available for general use.
## _Principal funding sources_
The principal funding is from grants and donations.
## **Plans for future periods**
The Ledley Hall Boys' and Girls' Club will continue to promote the improvement of social welfare, the fostering of community harmony, the improvement of health and physical well-being and the advancement of education in Northern Ireland. In particular we will address the needs of young people as they arise. We consider flexibility to be a very important aspect of meeting the needs of the young people.
## **Structure, governance and management**
Ledley Hall Boys’ and Girls’ Club Trust Limited is a charitable company limited by guarantee and does not have a share capital. It is governed by a Memorandum and Articles of Association and the liability of each member is limited to an amount not exceeding £1.
- 3 -
## **LEDLEY HALL BOYS' AND GIRLS' CLUB TRUST LIMITED**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025**
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
Mr J Cross (Deceased 1 October 2025) Mr H Jacobs Mr G E Cinnamon Ms J Lindsay (Resigned 10 October 2025) Mr R Morrow
## _Recruitment and appointment of trustees_
Many of the present members have been involved in the charity for a number of years and so are familiar with its work. The members regularly review the requirements of the charity and the possibility of a need for additional members. Any new members would be appointed by applying in writing to the Council for admission and be proposed by a member. The Council may reject the application or if not the Council will submit the application to the next annual general meeting of the Trust or to an extraordinary general meeting convened at the direction of the Council. The applicant shall be approved by an extraordinary resolution of the members of the Trust passed by a majority of those present.
Michelle Fullerton carries out the day to day management of the charity and has delegated authority for operational matters including finance and staffing. The directors manage all other business decisions and meet on a quarterly basis.
## **Organisational structure and related parties**
The members and directors oversee the running of the charitable company. The related parties are the members, directors and their close family.
## **Risk management**
The directors have overall responsibility for ensuring that the charity has in place an appropriate system of controls, financial and otherwise, to provide reasonable assurance that;
- the charity is operating efficiently and effectively;
- its assets are safeguarded against unauthorised use or disposition;
- proper records are maintained and financial information used within the charity or for publication is reliable;
- the charity complies with relevant laws and regulations; and
- the charity’s systems of financial control are designed to provide reasonable, but not absolute assurance against material misstatement or loss.
The members and directors have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems are in place to mitigate any exposure to major risks. Where appropriate, systems or procedures have been established to mitigate the risks the charity faces. Internal control risks are minimised by the implementation of procedures for authorisation of all transactions and projects. Procedures are in place to ensure compliance with health and safety of staff, volunteers, clients and visitors to the premises. These procedures are periodically reviewed at least annually to ensure that they continue to meet the needs of the charitable company.
- 4 -
LEDLEY HALL BOYS. AND GIRLS. CLUB TRUST UMrrED
TRLISTEES, REPORT (INCLUDING DIRECTORS, REPORT) IcoKllNUED)
FOR THE YEAR ENDED 31 MARCH 2025
Small companles. ox¢mplion
Thts report has bean prepared in t[dance ¥Alh Ihe spe(4al wo¥isMJns relaling to smal o)mpani•s within Part 1S
of the Companig$Ad 2.
The trustees, was wroved by the &)8rd ofTrustees.
ac*Jb$
TfWt••
..)/112..6..........._............
HARTERED ACCOUMTAiirs
LEDLEY HALL BOYS. AND GIRLS. CLUB TRUST LIMITED
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF LEDLEY HALL BOYS, AND GIRLS. CLUB TRUST LIED
I repcrft on the financial statements of the chty for the year wvjed 31 klarth 2025. are sa out on page$ 8 10
19.
Respactive respongibiliti•s of charity trustees and examln•w
As the charity trustees ld also the directors of Ihg CoMpY for th8 pwposes of company lawl you are responsible
for the preparats'on of1he fjnancial st*ments in acc(Kdance wlh Ihe requirement$ of the COMpanS Act 20C6.
Havmg salisfred myself that the finano81 statements of the charity are not rewred to be audrtwj urkler Part 16 of
the Companies Act 2Q06 atvj are digible for lrnleF*enI examination. it ts my responsibility to.
• exane the finèr1 ststements under secb"M 65 of Ihe chtre$ACt (Northom Ireland) 2008,.
follow the prwdures laid down in the generaf Direct¥S given by the Commission under section 6q9}(b)
of the Charities Act (Northem Ireland) 2008.. and
stale whether pa'Cular matters ha¥0 CLYne lo my attenti(.
Basis ol indep•nd•nl •xaminerfs r•port
I have examined your charity financaal Stateme as required tmder Secti 65 of the Chanties Act {Northem
Ireland) 2008 and my examinatK*n vra$ carried OLrt in accorda[8 with the gera1 th'rections given by the Charity
Commission for Northem Ireland wder Secti 65(91(b) of Ihe Charities Act The examinab'on included a review of
Ihe accounting recCdS kept by the arKI a compariscffi of the finaneral stslemenls presenle(I those
records. It also irbduded considerakn.on of any unuwal items or dlDJ[e5 in the finarKial s&ementS ar seekirMJ
explanations from you a$ dwty trustees eor£eming Y such matte.
My role is to slate vthelher any materi* have ec*ne to my attention g¥iNJ me cause lo t*lieve.'
1. That accounting records were rnt kept n xo)rrkn V*ilh secticffl 63 of the ChariliesAct
2. That the acGounts do not accord wrth those rectrfds
3. That the accounts do not COM t**ith aCC¢)u reqwements of Ihe CharibesA
4. That there 1$ ftwther 10mlatIon needed for a wopgr of accowts to be Teathd,
Century Ho
40Crescent Blr Pork
IJSBURN
BT28 2GN
r/ M&rtdthrylleStstet
roitrAWN
(hig•voTh
Br623PB
X9 A]frtd street
DX3910 NR Betra 50
Tr1: +44 (0)g8 9031 JIX3
+44 {0)289031 07n
Tel: +44 (0)289260 TA&5
Fax: +44 (0128 9260 1656
+44 (oh83833 2801
Fax.. *44 (oh83835 02yJ
LEDLEY HALL BOYS. AND GIRLS. CLUB TRUST UMITED
INDEPENDENT EXAMINER'S REPORT (CONTINUED)
TO THE TRUSTEES OF LEDLEY HALL BOYS. AND GIRLS. CLUB TRUST UMtrED
depèndent examlner's statomwl
I have completed my examinab.on and I have no cOncW in respect of the matters11110 {41 listed above and, in
connection wth IlDwing the Directions of Ihe Cty Commission for Northern Ireland. I have found no matters
that drabwng to YOLW atte"On.
Mr Ne1
eFCA
Chartered Accountants Ireland
GMCG BELFAST
Chartered Accwntants & Sta1thyAurf
Ajfred House
19 ANied Street
B&Wast
BT2 8EQ
3 June 2026
## **LEDLEY HALL BOYS' AND GIRLS' CLUB TRUST LIMITED**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## **FOR THE YEAR ENDED 31 MARCH 2025**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2025**
**Notes**
**£**
**£**
**Income from:**
Donations and legacies
**2**
9,612
159,197
Investments
**3**
214
-
**Total income**
9,826
159,197
**Expenditure on:**
Charitable activities
**4**
12,906
159,984
**Total expenditure**
12,906
159,984
**Net income/(expenditure)**
(3,080)
(787)
Transfers between
funds
4,610
(4,610)
**Net movement in**
**funds**
**6**
1,530
(5,397)
**Reconciliation of funds:**
Fund balances at 1 April 2024
170,331
188,063
**Fund balances at 31 March**
**2025**
171,861
182,666|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2024**
**2024**
**£**
**£**
**£**
168,809
21,941
123,330
214
178
-
169,023
22,119
123,330
172,890
27,723
114,478
172,890
27,723
114,478
(3,867)
(5,604)
8,852
-
2,504
(2,504)
(3,867)
(3,100)
6,348
358,394
173,431
181,715
354,527
170,331
188,063|**Total**
**2024**
**£**
145,271
178|
|---|---|---|
|||145,449
142,201|
|||142,201|
|||3,248
-|
|||3,248
355,146|
|||358,394|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 10 to 19 form part of these financial statements.
- 8 -
LEDLEY HALL BOYS, AND GIRLS. CLUB TRUST UPAITED
BALANCE SHEET
AS AT 31 MARCH 2026
202S
2024
Flx•d as$¢ts
Tangible assets
10
281.11
Current assets
O•bteAs
Cash 81 bank and in hand
11
1.514
,827
98.341
Creditors: amounts faling within
one year
12
17.605)
121.0471
M•t cwv•nt
84.963
77.294
Tot*1 *s$ets lu8 urr•nt Ilabllltle•
354.527
358.394
The lund• of thv charity
ReStsled Incorm funds
unreStrted fvnds
14
15
182,666
171.861
188,063
170,331
354.527
358.394
The r15 on pages 10 to 19 fwi part dthese f1wla1 statements.
The company is erbts.tled lo the exempl•Jn Irom the autht requirement cjmtsined In sedion 477 of the Companies Act
2008, for the year ended 31 Marth 2025.
The directors *Th)wle(1y their re¥A91.&S for complw'r4J with the reqU¥eIS of Ihe Cornp¥ies Act 2006
with respect lo accountsng reGtyds and the preparatth of fin¥Kial stslements.
The members have nol required the company lo tit4ain a111 of its ststemenls for Ihe ye8r in question in
acc(wdance wth section 476.
These fThnc4al slalements have been prepared in acctydanco T*rilh the tmisions appIlts1e lo companies subject
to the small comparmes rege.
The financial $l*ements were approved by the trus¢ees on .
Company registration number N1014357 (Trthythem Irel
**LEDLEY HALL BOYS' AND GIRLS' CLUB TRUST LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **1 Accounting policies**
## **Charity information**
Ledley Hall Boys' and Girls' Club Trust Limited is a private company limited by guarantee incorporated in Northern Ireland. The registered office is 1 Ledley Hall Close, Beersbridge Road, Belfast, BT5 4SW.
## **1.1 Basis of preparation**
The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)". The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a statement of cash flows.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
The trustees consider that the financial statements should be prepared on a going concern basis on the grounds that current and future sources of funding will be more than adequate for the charitable company's needs.
In forming their opinion, the trustees have considered the level of funds held by the charity and the expected level of income and expenditure for the period of twelve months from authorising these financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. Expenditure which meets these criteria is charged to the fund, together with a fair allocation of overheads and support costs.
## **1.4 Income**
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
- 10 -
## **LEDLEY HALL BOYS' AND GIRLS' CLUB TRUST LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025**
## **1 Accounting policies (Continued)**
Donated facilities and donated professional services are recognised in income at their fair value when their economic benefit is probable, it can be measured reliably and the charity has control over the item. Fair value is determined on the basis of the value of the gift to the charity. For example the amount the charity would be willing to pay in the open market for such facilities and services. A corresponding amount is recognised in expenditure.
No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102). Further detail is given in the Trustees’ Annual Report.
Voluntary income received by way of donations and gift is credited to revenue on a receivable basis.
Income from government and other grants are recognised at fair value when the charity has entitlement after any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably.
Investment income is interest earned through holding cash at bank. Interest income is recognised when receivable.
Other income represents income that cannot be reported under the other analysis headings provided within the Statement of Financial Activities.
## **1.5 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
Fund-raising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities.
Expenditure on charitable activities comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries and includes salary costs and an apportionment of support costs;
Governance costs include the costs attributable to the charity's compliance with constitutional and statutory requirements, including audit, strategic management and trustee meetings and reimbursed expenses.
## **1.6 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Leasehold land and buildings 2% straight line Fixtures and fittings 15% reducing balance Computers 25% straight line Motor vehicles 25% reducing balance
- 11 -
**LEDLEY HALL BOYS' AND GIRLS' CLUB TRUST LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025**
## **1 Accounting policies (Continued)**
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
## **1.7 Impairment of fixed assets**
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
## **1.8 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## **1.9 Financial instruments**
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
## _**Basic financial assets**_
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## _**Derecognition of financial liabilities**_
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
## **1.10 Taxation**
The charitable company is exempt from income tax and capital gains tax to the extent that its income and gains are applied for charitable purposes. No tax charge has arisen in the year.
- 12 -
## **LEDLEY HALL BOYS' AND GIRLS' CLUB TRUST LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025**
## **1 Accounting policies (Continued)**
## **1.11 Employee benefits**
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
## **1.12 Retirement benefits**
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
## **2 Income from donations and legacies**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2025**
**£**
**£**
Donations and gifts
3,381
-
Grants
-
159,197
Membership fees
6,231
-
9,612
159,197
**Grants**
Education Authority
-
109,969
Hedley Foundation
-
-
Cloth Workers
-
-
Halifax
-
-
Belfast City Council
-
15,523
Apex Housing
-
6,308
Ground Work UK
-
-
Cash for Kids
-
4,631
Community Foundation
-
10,000
BBC CIN
-
11,368
Other
-
1,398
-
159,197|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2024**
**2024**
**£**
**£**
**£**
3,381
5,404
1,488
159,197
5,375
121,842
6,231
11,162
-
168,809
21,941
123,330
109,969
-
86,097
-
-
3,392
-
-
9,773
-
-
3,526
15,523
-
11,874
6,308
-
3,480
-
-
1,000
4,631
-
2,700
10,000
-
-
11,368
-
-
1,398
5,375
-
159,197
5,375
121,842|**Total**
**2024**
**£**
6,892
127,217
11,162|
|---|---|---|
|||145,271|
|||86,097
3,392
9,773
3,526
11,874
3,480
1,000
2,700
-
-
5,375|
|||127,217|
## **3 Income from investments**
||**Unrestricted**|**Unrestricted**|
|---|---|---|
||**funds**|**funds**|
||**2025**|**2024**|
||**£**|**£**|
|Interest receivable|214|178|
- 13 -
**LEDLEY HALL BOYS' AND GIRLS' CLUB TRUST LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025**
## **4 Expenditure on charitable activities**
||**Charitable**|**Charitable**|
|---|---|---|
||**Activities**|**Activities**|
||**2025**|**2024**|
||**£**|**£**|
|**Direct costs**|||
|Staff costs|67,730|71,803|
|Motor and travel expenses|1,776|1,009|
|80th Anniversary|-|2,681|
|Kings Coronation|-|525|
|TV|75|972|
|Food supplies|1,964|186|
|Grotto|-|775|
|Boxing|1,432|4,374|
|Light and heat|9,514|6,484|
|Cleaning|2,518|2,286|
|Club activities|44,754|10,439|
|Food for all|-|2,741|
|Other charitable expenditure|8,026|7,606|
||137,789|111,881|
|**Share of support and governance costs (see note 5)**|||
|Support|23,133|23,318|
|Governance|11,968|7,002|
||172,890|142,201|
|**Analysis by fund**|||
|Unrestricted funds|12,906|27,723|
|Restricted funds|159,984|114,478|
||172,890|142,201|
- 14 -
## **LEDLEY HALL BOYS' AND GIRLS' CLUB TRUST LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025**
|**5**
**Support costs allocated to activities**
Depreciation
Insurance
Licences
Repairs and renewals
Sundry expenses
Water charges
Copying machine expenses
Governance costs
**Analysed between:**
Charitable Activities
**Governance costs comprise:**
Accountancy
Legal and professional
Bank interest and fees
**6**
**Net movement in funds**
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial
statements
Depreciation of owned tangible fixed assets|**2025**
**£**
14,386
4,229
185
7,694
1,836
1,054
280
5,437
35,101
35,101
**2025**
**£**
3,500
1,757
180
5,437
**2025**
**£**
3,500
14,386|**2024**
**£**
14,590
3,913
567
1,745
50
1,864
589
7,002|
|---|---|---|
|||30,320|
|||30,320|
|||**2024**
**£**
6,600
221
181|
|||7,002|
|||**2024**
**£**
6,600
14,590|
## **7 Trustees**
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
- 15 -
## **LEDLEY HALL BOYS' AND GIRLS' CLUB TRUST LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025**
## **8 Employees**
The average monthly number of employees during the year was:
|Management
Supervising
Total
**Employment costs**
Wages and salaries
Other pension costs|**2025**
**Number**
1
6
7
**2025**
**£**
67,390
340
67,730|**2024**
**Number**
1
5|
|---|---|---|
|||6|
|||**2024**
**£**
70,639
1,164|
|||71,803|
There were no employees whose annual remuneration was more than £60,000.
## **9 Taxation**
The charity is exempt from income tax and capital gains tax to the extent that its income and gains are applied for charitable purposes. No tax charge has arisen in the year.
## **10 Tangible fixed assets**
|**Leasehold**
**land and**
**buildings**
**Fixtures and**
**fittings**
**Computers**
**£**
**£**
**£**
**Cost**
At 1 April 2024
413,437
99,700
11,141
Additions
-
1,700
1,150
At 31 March 2025
413,437
101,400
12,291
**Depreciation and impairment**
At 1 April 2024
155,309
79,554
8,406
Depreciation charged in the year
8,269
3,234
2,860
At 31 March 2025
163,578
82,788
11,266
**Carrying amount**
At 31 March 2025
249,859
18,612
1,025
At 31 March 2024
258,128
20,146
2,735|**Motor**
**vehicles**
**£**
9,000
-
9,000
8,909
23
8,932
68
91|**Total**
**£**
533,278
2,850|
|---|---|---|
|||536,128|
|||252,178
14,386|
|||266,564|
|||269,564|
|||281,100|
- 16 -
## **LEDLEY HALL BOYS' AND GIRLS' CLUB TRUST LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025**
|**11**
**Debtors**
**Amounts falling due within one year:**
Prepayments and accrued income
**12**
**Creditors: amounts falling due within one year**
Other taxation and social security
Other creditors
Accruals and deferred income
**13**
**Retirement benefit schemes**
**Defined contribution schemes**
Charge to profit or loss in respect of defined contribution schemes|**2025**
**£**
568
**2025**
**£**
1,119
2,986
3,500
7,605
**2025**
**£**
340|**2024**
**£**
1,514|
|---|---|---|
|||**2024**
**£**
2,022
2,986
16,039|
|||21,047|
|||**2024**
**£**
1,164|
The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.
## **14 Restricted funds**
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
||**At 1 April**|**Incoming**|**Resources**|**Transfers**|**At 31 March**|
|---|---|---|---|---|---|
||**2024**|**resources**|**expended**||**2025**|
||**£**|**£**|**£**|**£**|**£**|
||-|-|903|-|903|
|Capital|136,178|-|-|(4,610)|131,568|
|Education Authority|-|109,969|(109,969)|-|-|
|Other grants|51,885|49,228|(50,918)|-|50,195|
||188,063|159,197|(159,984)|(4,610)|182,666|
- 17 -
## **LEDLEY HALL BOYS' AND GIRLS' CLUB TRUST LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025**
## **14 Restricted funds (Continued)**
|**Previous year:**|**At 1 April**|**Incoming**|**Resources**|**Transfers**|**At 31 March**|
|---|---|---|---|---|---|
||**2023**|**resources**|**expended**||**2024**|
||**£**|**£**|**£**|**£**|**£**|
|Capital|138,682|-|-|(2,504)|136,178|
|Education Authority|-|86,097|(86,097)|-|-|
|Other grants|43,033|37,233|(28,381)|-|51,885|
||181,715|123,330|(114,478)|(2,504)|188,063|
## **15 Unrestricted funds**
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
||**At 1 April**|**Incoming**|**Resources**|**Transfers**|**At 31 March**|
|---|---|---|---|---|---|
||**2024**|**resources**|**expended**||**2025**|
||**£**|**£**|**£**|**£**|**£**|
|General funds|170,331|9,826|(12,906)|4,610|171,861|
|**Previous year:**|**At 1 April**|**Incoming**|**Resources**|**Transfers**|**At 31 March**|
||**2023**|**resources**|**expended**||**2024**|
||**£**|**£**|**£**|**£**|**£**|
|General funds|173,431|22,119|(27,723)|2,504|170,331|
The transfer of funds represents depreciation on restricted fixed assets transferred out of unrestricted funds to restricted funds and fixed assets transferred from unrestricted funds to restricted funds.
## **16 Analysis of net assets between funds**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2025**
**£**
**£**
**At 31 March 2025:**
Tangible assets
137,996
131,568
Current assets/(liabilities)
33,865
51,098
171,861
182,666|**Total**
**2025**
**£**
269,564
84,963|
|---|---|
||354,527|
- 18 -
## **LEDLEY HALL BOYS' AND GIRLS' CLUB TRUST LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025**
## **16 Analysis of net assets between funds (Continued)**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**£**
**£**
**At 31 March 2024:**
Tangible assets
144,922
136,178
Current assets/(liabilities)
25,409
51,885
170,331
188,063|**Total**
**2024**
**£**
281,100
77,294|
|---|---|
||358,394|
## **17 Financial commitments, guarantees and contingent liabilities**
A portion of grants received may become repayable if the charity fails to comply with the terms of the Letter of Offer.
## **18 Related party transactions**
## **Transactions with related parties**
During a prior year, a trustee made a non-interest bearing loan to the charitable company. The balance owing to the trustee at the year end was £2,513 and is included in other creditors.
- 19 -