North West Lifelong Learning Ltd
Charity No. N1104592
Company No. N1603130
Directors, Report and Unaudited Accounts
31 March 2024
Vale
Accountants

North West Ufelong Leamln8 Llmlted
Contents
Pages
Trustees, Annual Report
Independent Examiner's Report
Statement of Financial Activities
2to5
Summary Income and Expenditure Account
Balance Sheet
Statement of Cash flows
10
Notes to the Accounts
Ilto18
Detailed Statement of Financial Activities
19to20
Page I

North West Ufelong Learnln8 Umlted
ststement of Flnandal Acuvltles
for the year ended 31 Marth 2024
Unrestrlcted
funds Total fionds Total fvnds
2024
2024
2023
Income and endowments
from:
Donations and legacies
Charitable activities
Other trading artivities
2,630
8,245
2,630
8,245
3,182
9,722
4,050
Totsl
13,875
13,875
16,954
Expendlture on:
Charitable activlties
Other
451
451
13,134
13,134
13,609
Totsl
13,585
13,585
13,609
Net gains on investments
Net Income
10
290
290
3,345
Transfers between funds
Net Income before other
8alnsl(losses)
290
290
3,345
Other galns and losses
Net movement In fund5
290
290
3,345
Recondllatlon of funds:
Total funds brought forward
(1.450)
{1,450)
(4,795
Totsi funds carrled forward
{1,1601
11,160)
11,450)
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North West Llfelong Learnlng Umlted
Summary Income and Expendlture Account
for the year ended 31 March 2024
2024
2023
Income
13,875
16.954
Gross Income for the year
Expenditure
13,875
16.954
13,585
13,414
Depreciation and charges for
impairment of fixed assets
195
Total expendlture for the year
Net income before tax for thè year
13,585
13,609
290
3,345
Net Income for the year
290
3,345
Page 8

North West Llfekng Learnlng Umlted
Balance Sheet
at 31 March 2024
Company No. N1603130
Notes
2024
2023
Axed assets
Tangible assets
Current assets
12
Debtor5
Cash at bank and in hand
13
300
362
2,342
2,342
13,792)
(1,450)
(1,450)
(1,450)
662
Credftors: Amount falling due wlthin one year
Net current Ilabllltles
14
(1,822)
(1,160)
(1,160}
(1,160)
Totsi assets less current Ilabllltles
Net Ilabllltles exdudlng penslon asset or Ilablllty
Totsi net Ilabllltles
11,160)
11,450)
The funds of the tharlty
Restricted funds
Unrestrlcted funds
General fund5
Designated funds
15
15
12,5001
1,340
(1,160)
{1,450)
11,450)
Reserves
15
Tot31 funds
(1,160)
(1,4501
These accounts have been prepared in accordance with the special provislons of Part 15 of the Companies
Act 2006 relating to small companies.
For the year ended 31 March 2024 the company was entitled to exemptlon under 5ectlon 477 of the
Companies Act 2006 relating to small companie5.
The members have not required the company to obtain an audit in accordance with section 476 of the
Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act
2006 with respect to accountlng records and the preparation of accounts.
Approved by the board on 31 March 2024
And signed on its behalf by:
rT-
Elizabeth Ferguson
Trustee
31 March 2024
Page 9

North West Ufelong Learnlng Umlted
ststement of Cash flows
for the year ended 31 Marth 2024
2024
2023
Cash flows from Operat1￿ acdvltles
Net Income per Statement of Flnandal Actlvltles
290
3,345
Adjustments for:
Other gains/losses
Increase in trade and other receivables
Decrease in trade and other payables
(300)
Net cash (used In)/provlded by operatlng artlvltles
(10)
3,156
Net cash from Investlnff acdvltles
Cash flows frorn financlnB attivltles
Repayment of borrowings
I2,0￿)
(1,509)
Net cash used In flnandng actlvltle5
(2,000)
11,509)
Net (decrease)/lncrease In cash and cash equlvalents
(2,010)
1.647
Cash and cash equfvalents at the be8lnnln8 of the year
2,342
695
Cash and Éash equlvalents ai the end of the year
332
2,342
Components of tash and cash equlvalents
Cash and bank balances
362
2,342
362
2,342
Page 10

North West Ufelon8 Learnln8 Umlted
Notes to the Accounts
for the year ended 31 March 2024
l Accountln8 polldes
Basls of preparadon
The financial ststements have been prepared in accordance with Accounting and Reporting by Charities:
ststement of Recommended Practice applicable to charities preparing their accounts in accordance with
the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102) (effective I
January 2015) - (Charities SORP {FRS 102)), the Financial Reporting Standard applicable in the UX and
Republic of Ireland (FRS 102) and the Companies Act 2006.
Change In basls of accountlng or to prevlous accounts
There has been no change to the acwunting policies Ivaluatlon rules and method of accounting) since
last year and no changes have been rnade to accounts for previous years.
Fund accountln8
Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the
general objects of the charity.
Designated funds These are unrestrirted funds earmarked by the trustees for particular purposes.
Revaluation fundg
These are unrestricted funds which include a revaluatlon reserve representlng the
restatement of investment assets at their market values.
These are avallable for use subject to restrictions imposed by the donor or through
terms of an appeal.
Restrlcted funds
Income
Recognition of
income
Income is included in the Statement of Financial Activities (SOFA) when the charity
becomes entitled to, and virtually certaln to receive, the income and the amount of
the income can be measured with sufficient reliability.
Income with related Where income has related expenditure the incorne and related expendlture is
expenditure
reported gross in the SOFA.
Donations and
legacies
Voluntsry income received by way of grants, donations and glfts Is included In the
the SOFA when receivdble and onty when the Charty has unconditional
•ntltl¢m?nt to the incom•.
Tax reclaims on
Income frorn tsx reclaims is included in the SOFA at the same time as the
donations and gifts gift/donation to which It relates.
Donated services
These are only included in income (with an equivalent arnount in expenditure)
and facilities
where the benefit to the Charity is reasonably quantifiable, measurable and
material.
Volunteer help
The value of any volunteer help recelved is not included in the accounts.
Investment income This is included in the accounts when receivable.
Gains/(losses) on
This includes any gain or loss resulting from revaluing investments to market value
revaluation of fixed at the end of the year.
a55ets
Gains/(losses) on
investment assets
This includes any gain or loss on the sale of investments.
Page 11

North West Ufelong Learnlng Umlted
Notes to the Accounts
Expwthture
Recognition of
expenditure
Expenditure is recognised on an accruals basi5. Expenditure includes any VAT which
cannot be fully recovered, and is reported as part of the expenditure to which it
relates.
Expenditure on
These comprise the costs as%)ciated with attracting voluntary Income, fundraising
raising funds
trading costs and investment management costs.
Expenditure on
These comprise the costs incurred by the Charty in the delivery of its activities and
charitable activities services in the furtherance of its objects, including the making of 8rants and
governance costs.
All grant expenditure is accounted for on an actual paid basis plus an accrual for
grants that have been approved by the trustees at the end of the year but not yet
paid.
These include those costs associated with meeting the constitutlonal and statutory
requirements of the Charity, including any audivindependent examination fees,
costs linked to the strategic management of the Charity, together with a share of
other administration costs.
Other expenditure These are support costs not allocated to a particular activity.
Grants payable
Governance costs
Taxatlon
The charlty Is exernpt from corporation tsx on Its charitable activlties.
Freehold Investment property
Investment properties are measured inltially at cost and subsequently at falr value at each balance Sheet
date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they
arise.
Stocks
Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair
value which is the amount the charity would have been willing to pay for the items on the open market.
Trade and other debttys
Trade and other debtors are recognised at the settlement amount due after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash and cash equlvalents
Cash and cash equivalents cornprlse cash at bank and on hand, demand deposits with banks and other
short-term highly liquid investments with original maturities of three months or less and bank overdrafts.
In the statement of financial positlon, bank overdrafts are shown within borrowings or current liabilities.
In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are
repayable on demand and form an integral part of the company's cash management.
Trade and other ttedltors
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised
where the charity has a present obligation resulting from a past event that will probably result in the
transfer of funds to a third party and the amount due to settle the obligation can be measured or
estimated reliably. Creditors and provisions are normalty recognised at their settlement amount after
allowing for any trade discounts due.
Page 12

North West Ufelong Learnlng Umlted
Notes to the Accounts
Researth and development
Expenditure on research and development is written off in the year in which it is incurred.
Forelgn currencjes
Monetary assets and liabilities denominated in currencies other than the functional currency of the
charity are translated at the rates of exchange prevailing at the end of the reporting period.
Transactions in currencies other than the functional currency of the charity are recorded at the rate of
exchange on the date that the transaction occurred.
All exchange differences are are tsken into account in arriving at net income/expenditure.
Leased assets
Where the charity enters into a lease which entails taking substsntially all the risks and rewards of
Dwnershlp of an asset, the lease Is treated as a flnance lease.
Leases which do not transfer substsntially all the risks and rewards of ownership to charity are classified
as operating leases.
Assets held under finance leases are initially recognised as assets of the charty at their fair value at the
Inception of the lease or. if lower, at the present value of the minimum lease payments. The
corresponding liability to the lessorls included in the balance sheet date as a finance lease obligation.
Lease payments are apportioned between finance expenses and reductlon of the lease obllgation so as to
achieve a constsnt rate of interest on the remainln8 balance of the Ilability, Finance expenses are
recognised immediately, unless they are directty attributable to qualifyin8 assets, In which case they are
¢apitali$•d In accordan¢o with tha charity's poIIGy on borrowing Gosts,
Assets held under finance leases are depreciated In the same way a5 owned assets.
Operating lease payments are recognised as an expense on a straight-line basis over the lease term.
In the event that lease incentives are received to enter into operatlng leases, such incentives are
recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental
expense on a straight-line basis,
Penslon costs
The charity operates a defined contributlon plan for Its employees. A defined contributlon plan is
pension plan under which the company pays fixed contributions into a separate entity. Once the
contrlbutions have been paid the company has no further payments obligations. The contributions are
recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet.
The assets of the plan are held separately from the company in independently administered funds.
Recelpt of donated 8oods. fadlltles and seThlces
All donated goods, facilities and services received are recognised within incoming resources and
expenditure at an estimate of the value to the charity.
2 Ccmnpany status
The company is a private company limited byguarantee and Consequently does not have share capital.
Page 13

North West Ufelon8 Learnlng Umlted
Notes to the Accounts
3 Statement of Flnandal Actlvltles - prlor year
Unrestricted
funds
funds Totsl funds
2023
2023
2023
Income and endowments from:
Donations and legacies
Charitable activities
Other trading actlvitles
Totsi
3,182
9,722
4,050
3,182
9,722
4,050
16,954
16,954
Expendltufe on:
Other
11,817
1.792
13,609
Total
11.817
1,792
13,609
Net Income
5,137
{1,792)
3,345
Net Income before other
8alns/(losses)
Other 8alns and losses:
Net movement In funds
5,137
(1,792)
3,345
5,137
(1,792)
3,345
Recondllatlon of funds:
Total funds brought forward
Totsi funds carrled forward
(4.795)
342
14,795)
{1,450)
(1.792)
4 Income from donatlons and legade5
Unrestritted
Totsi
Total
2024
2023
Grants & Oonatlons
Grants & Donations (Prlor Yrl
Loan Written Off
2,630
2,630
1,673
1,509
3.182
2,630
2,630
5 Income from charltable acuvltles
Unrestrlcted
Totsi
Total
2023
2024
Charity Shop Sales
Educational Support
4,045
4,200
8,245
4,045
4,200
8,245
4,956
4,766
9,722
Page 14

North West Llfelong Learnlng Llmlted
Notes to the Accounts
6 Income from other tradlng actlvltles
Unrestricted
Totsi
Totsi
2023
2024
Virtual Office & Support
SeNices
3.(X)O
4.050
3,lJ)O
4.050
7 Expendlture on charltable actlvftles
Unrestricted
Totsi
2024
Totsi
2023
Expenditure on choritable
octivities
Charlty Shop Sales
Educational SilPPOrt
Grants made
124
124
320
320
Govemonce costs
451
451
8 Anatysls of grants
Grants to
Indhrfduals
A(￿￿ty or pro8ramme
Total
2024
Total
2023
RVAR Membershlp
Festival of Learning
20
20
300
300
320
320
Grant
fundln8 of
actlvltles
Actlvlty or wo8rarnme
Total
2024
Totsi
2023
RVAR Mernbership
Festival of Learning
20
20
300
300
320
320
Page 15

North West Ufelong Learnlng Umlted
Notes to the Accounts
9 Other expendlture
Unrestrlcted
Totsi
2024
Totsi
2023
Employee costs
Premises costs
Amortisation, depreciation,
impairment, profit/loss on
disposal of fixed assets
General adrninistrative costs
652
652
10,727
10,727
11.561
195
I,ioo
655
1,100
635
764
Légal ahd professional costs
625
13.134
13,134
13,609
10 Net Income before transfers
2024
2023
This Is srated after Charging:
Depreciation of owned fixed assets
11 Stsff costs
No employee recelved emoluments in excess of £60,000.
12 Tan8lbl• flx•d ass•ts
195
Cost or revaluatlon
At l April 2023
At 31 March 2024
979
979
979
979
DepraJafjon and
Impaliment
At l Aprll 2023
At 31 March 2024
979
979
979
979
Net book values
At 31 March 2024
At 31 March 2023
13 Debtors
2024
2023
Prepayments and accrued income
300
300
14 Credltors:
amounts falling due within one year
2024
2023
Other loans
Loans from trustees
Accruals
2,LKIO
1,097
695
1,097
725
1,822
3,792
Page 16

North West Llfelon8 Learnlng Umlted
Notes to the Accounts
IS Movement In funds
Incomln8
resources
{Includlng
other
At l Aprll 8alnsllosses
2023
Resources
expended
At31
March
2024
Restritted funds:
Unrestrlcted funds:
General fvnds
(1,450)
12,375
(13,425)
(2,500)
Deslgnated funds:
Honorary Irish Society
Causeway Coast & Glens
Council
500
{160)
(1601
Total
1,51)0
1,340
Totsi funds
(1,450)
13,875
(13.585)
(1,160)
Purposes and restrictions in relation to the funds:
Designated funds:
Honorary Irish Society
Causeway Coast & Glens
Council
£1,000 Safe Guarding
£5(X) Social Connections
16 Analysls of net assets between lund$
Unrestrlrted
funds
Total
Net current ag3ets
(1,160
(1,160)
11,160)
11,160)
17 Reconclllatlon ol nèt debt
At31
March
2024
At l Aprll
2023
Cash flows
Cash and cash equivalents
2,342
2,342
{1,980)
(1,980
362
362
Borrowings
(2,000)
(2,000)
2,CK)O
Net debt
342
20
362
Page 17

North West Ufelong Learnlng Umlted
Notes to the Accounts
18 Related party dlsdosures
Controlllng party
The company is limited by guarantee and has no share capitsl. thus no single party controls the company.
Page 18

North West Ufelong Learnlng Umlted
Detsikd Statement of Flnandal Actlvltles
for the year ended 31 March 2024
Unrestrlcted
funds Totsi fvnds Totsi funds
2024
2024
2023
Income and endtr￿ents from:
Donations and legacies
Grants & Donations
Grants & Donations (Prior Yr)
Loan Written Off
2,630
2,630
1,673
1,509
3,182
2,630
2,630
Charitable activities
Charity Shop Sales
Educational Support
4,045
4,200
,245
4,045
4,200
8,245
4.956
4,766
9,722
Other tradlng actlvltles
Virtual Office & Support Services
3,(X)O
3,lY)O
4,050
4,050
Totsi Income and endowments
13,875
13,875
16,954
Expendlture on:
Charitable activlties
Charity Shop Sales
Educational Support
Grants made
124
124
320
451
320
451
Totsi of expendfture on charltable
artlvltles
451
451
Employee costs
Staff training
652
652
652
464
652
464
Premises costs
Rent
Rates
6,868
230
6.868
230
6,603
202
3,294
Light, heat and power
Premises repalrs and
maintenance
3,594
3,594
35
35
1,462
10.727
10,727
11,561
General administrative cogts,
including depreciation and
amortisation
Depreciation of
Bank charges
General insurances
195
140
102
102
336
336
381
Stationery and printing
50
50
Page 19

North West Llfelong Learnlng Umlted
Oetalled Statement of Flnandal Actlvltles
Subscriptions
Sundry expenses
191
421
1,100
191
421
1.100
174
69
959
Legal and professional costs
Accountsncy and bookkeeping
655
655
655
625
655
625
Total of •wndltura gf othw Gosts
Totsi expendlture
Net gains on investments
13,134
13,134
13,609
13,585
13,585
13,609
N•t Incom•
290
290
3,345
Net Income before other
8alns/(losses)
Other Gains
290
290
3,345
Net movemwt In funds
290
290
3,345
Recondllatlon of funds:
Total funds brought forward
(1,450)
11,450)
14,795)
Total funds cairlod luNard
(1.160)
(1,160)
(1,4501
Page 20