OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator. This document is also available as Markdown.

2025-03-31-accounts

_

°

~

~

North West Lifelong Learning Ltd

.

Charity No. NI104592

Company No. N1I603130

%

Directors’ Report and Unaudited Accounts

31 March 2025

Vale Accountants

;

North West Lifelong Learning Limited _ Contents

»

,

&

.

.

7

==> picture [402 x 158] intentionally omitted <==

----- Start of picture text -----
||||||||| |---|---|---|---|---|---|---|---| |*|Pages| |Trustees’|Annual|Report|2to4| |Independent|Examiner's|Report|5| |Statement of Financial|Activities|6| |Summary|Income and|Expenditure Account|7| |Balance Sheet|8| |Statement|of Cash|flows|9| |Notes|to|the|Accounts|10|to|17|°| |Detailed|Statement|of Financial|Activities|18|to|19|

----- End of picture text -----

Page 1

North West Lifelong Learning Limited

.

Statement of Financial Activities

_

e

_

~

_

~

_

~~

_

_

for the year ended 31 March 2025

==> picture [492 x 445] intentionally omitted <==

----- Start of picture text -----
||||||||| |---|---|---|---|---|---|---|---| |Unrestricted|Restricted| |funds|funds|Totalfunds|Total funds| |“2025|2025|2025|2024| |Notes|£|£|£|£| |Income and|endowments| |from:|.| |Donations|and|legacies|4|950|1,755|2,705|2,630| |Charitable|activities|5|6,715|-|6,715|8,245| |Other trading|activities|6|4,335|-|4,335|3,000| |Total|12,000|1,755|13,755|13,875| |Expenditure on:| |Charitable|activities|7|1,006|-|1,006|451| |Other|i)|9,969|401|10,370|13,134| |Total|10,975|401|11,376|13,585| |Net gains on|investments|-|-|-|-| |Net income|10|1,025|1,354|2,379|290| |Transfers|between|funds|-|-|-|-| |Nete|income|bebefore other| |1,025|1,354|2,379|290| |gains/(losses)|;| |Other gains and|losses| |Net movement|in funds|1,025|1,354|2,379|290| |Reconciliation|of funds:| |Total funds|brought forward|(1,160)|-|(1,160)|(1,450)| |Total|funds carried forward|(135)|1,354|||1,219|(1,160)|

----- End of picture text -----

7

Page 6

,

;

,

North West Lifelong Learning Limited - Summary Income and Expenditure Account for the year ended 31 March 2025

.

&

_

==> picture [492 x 225] intentionally omitted <==

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |2025|2024| |.|£|£| |Income|13,755|13,875| |Gross income for the year|13,755|13,875| |Expenditure|10,975|13,585| |Depreciation|and|charges for| |impairment of fixed|assets|401|%|-| |Total|expenditure for the year|11,376|13,585| |Net|income|before tax for the|year|2,379|290| |Net income|for the year|2,379|290|

----- End of picture text -----

Page 7

North West Lifelong Learning Limited Balance Sheet

.

°

_

_

7

wo

7

_ —

7

_

7

.

_

_

7

North West Lifelong LearningWest Lifelong LearningLifelong LearningLearning Limited
Balance Sheet
° .
&
at 31 March 2025
Company No.
Ni603130
Notes 2025 2024
£ £
Fixed assets
Tangible assets 12 1,604 -
1,604 -
Current assets .
Debtors 13 - 300
Cash atbankand in hand 2,421 362
2,421 662
Creditors:Amountfallingduewithin oneyear 14 (2,806) 4 (1,822)
Netcurrent liabilities (385) (1,160)
Total assets lesscurrent liabilities 1,219 (1,160)
Netassets/(liabilities) excludingpensionassetorliability 1,219 (1,160)
Total netassets/ (liabilities) 1,219 (1,160)
Thefunds ofthecharity
Restricted funds 15
Restricted incomefunds 1,354 -
1,354 -
Unrestricted funds 15 ,
Generalfunds 622 (1,160)
Designated funds (757) -
(135) (1,160)
Reserves 15
,
Total funds 1,219 (1,160)
Theseaccounts havebeen prepared in accordancewith the special provisionsofPart 15oftheCompanies
Act 2006 relating to smail companies.
Fortheyearended 31 March 2025thecompany companywas entitled toexemption undersection477ofthe
CompaniesAct2006 relating to small companies. .
Themembers have notrequiredthecompanytoobtain an audit inaccordancewith section476ofthe
CompaniesAct2006. .

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the board on 31 March 2025

And signed on its behalf by:

Elizabeth Ferguson

_

Trustee 31 March 2025

Page 8 ,

North West Lifelong Learning Limited

Statement of Cash flows

_

for the year ended 31 March 2025

&

7

_

7

_

7

_—

_

2025 2024
° £ £
Cashflowsfrom operating activities
Netincome perStatementof Financial Activities 2,379 290
Adjustments for:
Depreciationofproperty, plantand equipment 401 -
Decrease/(Increase) intradeand otherreceivables 300 (300)
Increase in tradeandotherpayables 984 : -
Netcash provided by/(usedin)operating activities 4,064 (10)
Cashflowsfrom investing activities
Payments forproperty, plantand equipment (2,005) -
Netcash used in investingactivities (2,005) -
Netcashused in financingactivities - (2,000)
Netincrease/(decrease) incashandcashequivalents 2,059 (2,010)
Cash and cash equivalentsatthebeginningoftheyear 362 2,342
Cashand cash equivalents attheendoftheyear 2,421 332
Componentsofcashandcashequivalents
Cashand bank balances
2,421 362
Fa 362

7

Page 9

,

,

North West Lifelong Learning Limited _ Notes to the Accounts for the year ended 31 March 2025 _ 1 Accounting policies

¢ .

_

~ ~

i

_

— —

_

~ _ .

_

Basis of preparation >

The financial statements have been prepared in accordance with 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) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of ireland (FRS 102) and the Companies Act 2006.

Change in basis of accounting or to previous accounts ‘ There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years. ‘ Fund accounting 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 unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds ‘These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal. Income Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain 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 income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax 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 amount in expenditure) - and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material. . Volunteer help The value of any volunteer help received 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. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

==> picture [2 x 1] intentionally omitted <==

----- Start of picture text -----
.
----- End of picture text -----

Page 10

,

_

.

~ .

_

Stocks Stock is included at the the lower of cost or cost or or net realisable value. value. Donated items of stock are stock are recognised at fair ~ value which which is the amount the charity would have been willing to pay for the items on the open the amount the charity would have been willing to pay for the items on the open amount the charity would have been willing to pay for the items on the open the charity would have been willing to pay for the items on the open charity would have been willing to pay for the items on the open would have been willing to pay for the items on the open have been willing to pay for the items on the open been willing to pay for the items on the open willing to pay for the items on the open to pay for the items on the open pay for the items on the open for the items on the open the items on the open on the open the open open market. — Trade and other debtors

~

—~

7

==> picture [501 x 754] intentionally omitted <==

----- Start of picture text -----
||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---| |North West|Lifelong|Learning Limited|*,| |Notes|to the Accounts|’| |Expenditure|°| |Recognition of|Expenditure|is|recognised on an|accruals|basis.|Expenditure|includes any VAT which| |expenditure|cannot be fully recovered,|and|is reported|as|part of the|expenditure to which|it| |relates.|>| |Expenditure on|These comprise the costs associated|with|attracting voluntary|income, fundraising| |raising|funds|trading costs and|investment management costs.| |Expenditure|on|These comprise the|costs|incurred|by the|Charity|in the|delivery of its|activities|and| |charitable|activities|services|in the furtherance|of its|objects,|including|the|making of grants and| |governance|costs.| |Grants|payable|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.|’| |Governance|costs|_—‘These|include those costs associated with|meeting the constitutional|and statutory| |requirements|of the|Charity,|including any audit/independent|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.| |Taxation| |The|charity|is exempt from|corporation|tax on|its|charitable|activities.| |Freehold|investment|property| |Investment|properties|are|measured|initially at cost and|subsequently|at|fair 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 the|lower|of cost or cost or or|net|realisable value. value.|Donated|items|of stock are stock are|recognised|at|fair| |value which which|is the amount the charity would have been willing to pay for the items on the open the amount the charity would have been willing to pay for the items on the open amount the charity would have been willing to pay for the items on the open the charity would have been willing to pay for the items on the open charity would have been willing to pay for the items on the open would have been willing to pay for the items on the open have been willing to pay for the items on the open been willing to pay for the items on the open willing to pay for the items on the open to pay for the items on the open pay for the items on the open for the items on the open the items on the open on the open the open open|market.| |Trade|and|other|debtors| |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 equivalents|.| |Cash|and|cash|equivalents|comprise|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|position,|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|creditors| |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 normally recognised|at their settlement amount after| |allowing|for any trade|discounts|due.|

----- End of picture text -----

— Governance costs

.

==> picture [2 x 2] intentionally omitted <==

----- Start of picture text -----
,
----- End of picture text -----

7

Page 11

North West Lifelong Learning Limited

Notes to the Accounts

_

°

_

—_

_

7

~

~


7”

_

_ ~

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

.

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 taken into account in arriving at net income/expenditure. Leased assets Where the charity enters into a lease which entails taking substantially all the risks and rewards of . ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially 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 charity 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 lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense ona straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised asa liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separaté entity. Once the contributions 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.

Receipt of donated goods, facilities and services

,

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

2 Company status

The company is a private company limited by guarantee and consequently does not have share capital.

,

Page 12

,

North West Lifelong Learning Limited

4

Notes to the Accounts

°

i”

_

_ _

_

_

i

_

;

_

7”

_

3 Statement of Financial Activities - prior year

7

==> picture [9 x 15] intentionally omitted <==

----- Start of picture text -----
-
----- End of picture text -----

Unrestricted Unrestricted
funds Total funds
° 2024 2024
£ £
Incomeandendowments from:
Donationsand legacies ._ 2,630 2,630
Charitable activities 8,245 8,245
Othertradingactivities 3,000 3,000
Total 13,875. «13,875. )
Expenditure on: 4
Charitable activities 451 451
Other 13,134 13,134
Total 13,585 «13,585
Netincome income 290 290
Netincome income before other
gains/(losses) 290 290
Othergainsand losses:
Netmovement movementin funds 290 290
Reconciliation offunds:
.
Total funds brought forward (1,450) (1,450)
Totalfundscarriedforward ~~ (1,160) (1,160)
4 Incomefrom donationsand legacies
Unrestricted Restricted Total Total
2025 2024
.
£ £ £ £
Grants& Donations 950 - 950 2,630
Grants& Donations (PriorYr) - 1,755 1,755 -
950 1,755 2,705 2,630
NNN rang
5 Income from charitable activities
Unrestricted Total Total
2025 2024
£ £ £
CharityShop Sales 3,565 3,565 4,045
Educationai Support 3,150 3,150 4,200
67156715 «8,245.

7

Page 13

,

,

North West Lifelong Learning Limited

.

Notes to the Accounts

2

.

.

_

7

~ .

~

a

.

;

~

_

6 Income from other trading activities

~

Unrestricted Total Total
2025 2024
,
£ £ £
Virtual Office& Support
Services
4,335 4,335 3,000
4,335 _ 4,335 3,000
7 Expenditureon charitable activities
Unrestricted Total Total
2025 2024
£ * £ £
Expenditureon charitable
activities
CharityShop Sales - - 7
Educational Support 796 796 124
Grants made 210 210 320
Governance costs
1006 100 451°
8 Analysis ofgrants
Grantsto
Activityorprogramme Individuals Total Total
2025 2024
£ £ £
RVAR Membership 60 60 20
Other Volunteers 150 150 300
. 210 210 320
Grant
fundingof
Activityorprogramme activities Total Total
2025 2024
£ £ £
RVARMembership 60 60 20
)
Other Volunteers 150 150 300
210 210 320

Page 14

,

North West Lifelong Learning Limited

_

7

a

_

_

_

_

;

_

7

Notes to the Accounts

.

9 Other expenditure

==> picture [9 x 17] intentionally omitted <==

----- Start of picture text -----
_
----- End of picture text -----

9 Other expenditureexpenditure
Unrestricted Restricted Total Total
2025 2024
"ss
¢€ £ £ £
Employee costs - - - 652
Premises costs 8,353 - 8,353 10,727
Amortisation, depreciation, ,
impairment, profit/loss on - 401 401 -
disposal offixed assets
General administrative costs 991 - 991 1,100
Legaland professional costs 625 - 3625 655
9,969 401 10,370 13,134
10 Netincome beforetransfers
2025 2024
This is stated after charging: £ £
Depreciation ofownedfixed assets 401 -
11 Staff costs
No employee received emoluments in excess of£60,000.
12 Tangiblefixed assets
£ £
Cost orrevaluation .
At 1 April 2024 979 979
Additions 2,005 2,005
At31 March2025 2,984 2,984
Depreciation and
impairment
At 1 April 2024 ; 979 979
Depreciation charge forthe
year
. 401 401
At31 March 2025 1,380 1,380
Netbook values
At31March2025 1,604 1,604
At 31 March 2024 - -
13 Debtors
2025 2024
£ £
Prepayments and accrued income - 300
- 300

7

Page 15

,

)

North West Lifelong Learning Limited

.

Notes to the Accounts

.

_

_

_

_

_

7

7

_

_

~

~~

_

14 Creditors: amounts falling due within one year

&

amounts falling due within one yearwithin one yearone year due within one yearwithin one yearone yearyear
2025 2024
> £ £
Loansfrom trustees 1,097 1,097
Other creditors 422 -
Accruals 1,287 725
2,806 , 1,822
15 Movement in funds
Incoming .
resources
At1April .
.
(including
other
—gains/losses
Resources
expended
At 31
March
2025
2024 )
£ £ £
Restricted funds:
Restricted income funds:
DAERA - 1,755 (401) 1,354
Total - 1,755 (401) 1,354
Unrestricted funds:
General funds (1,160) 11,650 (9,868) 622
Designatedfunds:
Honorary Irish Society - - (1,107) (1,107)
Causeway Coast& Glens
Council - 350 - 350
Total - 350 (1,107) (757)
Totalfunds (1,160) 13,755 (11,376) 1,219
Purposes and restrictions in relation tothefunds:
Restricted funds: :
DAERA £1755 Rural Micro CapitalGrant
Designated funds: ,
Honorary Irish Society £1,000SafeGuarding (Nov 2023)
Causeway Coast&Glens. £500 Festival of Learning
Council

7

Page 16

)

North West Lifelong Learning Limited

.

Notes to the Accounts

_

e

/

_

_

~

7

_

16 Analysis of net assets between funds

==> picture [501 x 273] intentionally omitted <==

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |Unrestricted|Total| |funds| |>|£|£| |Fixed|assets|1,604|1,604| |Net current assets|(385)|(385)| |1,219|1,219| |17|Reconciliation|of net|debt| |At|31| |At|1 April|March|°| |2024|Cash|flows|2025| |£|ar|3|£| |Cash|and|cash|equivalents|362|2,059|2,421| |362|2,059|2,421| |Net|debt|362|2,059|2,421| |18|Related|party disclosures| |Controlling party|

----- End of picture text -----

The company is limited by guarantee and has no share capital; thus no single party controls the company.

:

Page 17

)

North West Lifelong Learning Limited Detailed Statement of Financial Activities for the year ended 31 March 2025

oO

_

.

_

_

7

_

a

~~

_

7

os

,

i

_

_

==> picture [501 x 692] intentionally omitted <==

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |Unrestricte|Restricted| |d funds|funds|Totalfunds|Total funds| |2025|2025|2025|2024| |£|£|£|£| |Income|and|endowments from:| |Donations|and|legacies| |Grants &|Donations|950|-|950|2,630| |Grants &|Donations|(Prior Yr)|-|1,755|1,755|-| |950|1,755|2,705|2,630| |Charitable|activities|3| |Charity Shop|Sales|3,565|-|3,565|4,045| |Educational|Support|3,150|-|3,150|4,200| |6,715|-|6,715|8,245| |Other trading|activities| |Virtual|Office &|Support Services|4,335|-|4,335|3,000| |4,335|-|4,335|3,000| |Total income and endowments|12,000|1,755|13,755|13,875| |Expenditure|on:| |Charitable|activities| |Charity Shop|Sales|-|-|-|7| |Educational|Support|796|-|796|124| |Grants|made|210|-|210|320| |1,006|-|1,006|451| |Total of expenditure on charitable|1,006||1,006|451| |activities| |Staff training|.|-|-|-|652| |Premises costs| |Rent|6,670|-|6,670|6,868| |Rates|-|-|-|230| |Light,|heat and|power|1,683|-|1,683|3,594| |Premises|repairs|and|;|;||35| |maintenance| |8,353|—|-|8,353|10,727| |General|administrative|costs,| |including|depreciation|and|-| |amortisation| |Depreciation|of|-|401|401|-| |Bank charges|84|-|84|102| |General|insurances|343|-|343|336| |Stationery|and|printing|435|-|435|50| |Subscriptions|-|-|-|191| |Sundry expenses|129|-|129|421|||

----- End of picture text -----

Page 18

)

North West Lifelong Learning Limited

_

7

_

7

_

_

Detailed Statement of Financial Activities

==> picture [502 x 315] intentionally omitted <==

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |eee| |991|401|1,392|1,100| |Legal|and|professional|costs| |Accountancy|and|bookkeeping|625|-|625|655| |*|625|-|625|655| |Total|of expenditure of other costs|9,969|401|10,370|13,134| |Total|expenditure|10,975|401|11,376|13,585| |Net gains on|investments|-|-|-|-| |Net|.income|1,025|1,354|2,379|290| |;| |Net|income|before|other| |gains/(losses)|1,025|1,354|2,379|290| |Other|Gains|-|-|-|-| |Net movement|in funds|1,025|1,354|2,379|290| |Reconciliation|of funds:| |Total|funds|brought forward|(1,160)|-|(1,160)|(1,450)| |Total|funds carried forward|(135)|1,354|1,219|(1,160)|

----- End of picture text -----

7

Page 19

,