B.C.W. TRAINING LIMITED - Donaghey Stockman STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 MARCH 2021 2021 2020 Notes Income Administrative expenses Other operating income 254.592 1225,601) 2,693 251,676 (227,413) Operatlng 8urplu$ 31.684 24,263 Int&rest recelvable and similar income Surplus beforo tax 31.691 24.263 Taxation Surplus for the flnancial year 31,691 24,263
Irwin . Donaghey . Siockman B.C.W. TRAINING LIMITED BALANCE SHEET ASAT31 MARCH2021 2021 Nolts 2020 Fixed assets Tangibla assets 12,147 4,809 Current a5s•ts stocks Debtors Cash at bank arKI In h8nd 1.250 24.860 13.786 1,250 28,751 31 Credltors: amounts falllng due wlthln on• year 39.896 28,032 (20,1431 (24,8061 Ilet current 45s8ts 19,753 3.226 Total assets l•s$ curr•nt liablliti 31,900 8,035 Credltors: amounts falllng due after mtve than one ar (7,8261 Net assets 31.900 209 Capltal and reserves Called up share capital- Other reserv85 Inrne and expenditure aCcjnI 23 10,500 21,377 23 10,500 {10,314) Total equlty 31,900 209 The fin8nual ststements were appFoved by management and aulhorised for issue on 19 October 2021 are signed on Its bèhaw by.. J Hill (Seeretsryl Blacklchalrpetson) Society Registratlon No. IP000249
Irwin - Donaghey Stockman B.C.W. TRAINING LIMITED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AIARCH 2021 2021 2020 Not•8 Ca$h flows from oporatlng a¢tlvltle8 Cash ganerated from operations 44.871 21,702 Invgstlng •¢tfvltles Purchase of tangible fixed assets Intere51 recaived {10.772) 11,560) Net cash us•d In Invostlng actlvlU•8 {10.7651 11.560) Flftancing a¢tivitl68 Repayment of borrowings {9.1¢)0) (18,1001 Net cash used In flnancing activitle8 {9,1001 118.100) Net increase In cash and ca¥h equlvalents 25.006 2.042 C•sh and cash equivalonts al beginning of year (11,220) (13,2621 Cash and equivalents at end of yoar 13,786 (11,220) Relatlnq to: Cash at bank and in hand Bank overdraftg included in creditors payable within one year 13.786 31 111.251}
B.C.W. TRAINING LIMITED Irwin Donaghey . Siockmon NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Accountlng pollcles Society InforynatFon B.C.W. Training Limited is a soaety domiciled and incorporated in Northem Ireland. The registered office is Untt 18 Moyle Enterprise Park. BALLYCASTLE, Co Antrim, BT54 6EZ. 1.1 Accountlng eonvontion These financial statements have been prepared In accordance with FRS 102 'The Financial Reporting Stsndard ?pplicable in the UK and Republic of Ireland" I'FRS 102.1 and the requirements of tho Co- operative and Community Benefit Societies Act (Northem Ireland} 1969. The financial statements are prepared in sleding, which is the functional currency of the society. Monetary amounts in these financial statements are rounded lo the nearest £. The financial ststem8nts have been prepared Ltnder the hisloTtcal cost COnntion. The prtncipal accounting policies adopted are sel out below. 1.2 Tumover Income is recognised to the èxtent that the society obtsins the right to consideration in exchangè for its services. Income is measured at the fair value of the consideration received or receivable. 1.3 Tanglble fixed assets Tangible fixed assets are initially measured al cost and subsequently measured al cost or valuation. nel of depreciation and any impaimient losses. Depreciation is r&cognised so as to write off the cost or valuation of assets less their residual values over their usefvl lives on the followng bases.. Land and buildings Freghold Fixtures, frttings & equipment Computer equipment Straight line ovgr 20 years 25% reducing balance 12.5¥0 reducing balance IA Impaliment of flxed assets Al each reporting period end dale, the society reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impaimienl loss. If any such indic81ion exists, the recoverable amount of the asset is estimated in order lo determine the extent of the impairmont lo¥$ lif any). Where il is not possible to estimate the recoverable amount of an individual asset, the so¢lety estimates the recoverable amount of the cash-generating unil lo which the asset belongs. 1.5 Stock Stock$ are slated al the lower of cost and esb'maled selling price less costs to complete and sell. Cost comprbes direct maleri81s and. where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks lo their present location and condition. 1.6 Cash and cash equivalgnts Cash and cash equivalents are basic financ4al as$6ls and include cash in hand, deposits held at call with b8nks, other short-lerm liquid investmen15 With original maturities of three mnlhs or less. and bank overdrafts. Bank overdrafts are Shown within borrowings in Current liabilits"es.
B.C.W. TRAINING LIMITED Irwin - Donaghey . Siockmon NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Accountlng pollcies {Contlnuodl 1.7 Financlal Instruments The society has electod to appty the provision$ of Section 11 'Basic Financial Instruments, and Section 12 'Other Financial In$truments Issues, of FRS 102 to all of its financial instruments. Financial instruments are reeognised in the society's 8tstemenl of financial position when the society becomes party to the contractual provisions of the instrument. Financlal ass&ts and Ilabilities are offset with th& nel amounts presented in the financial slalements when there is a legally enforceable right to sel off the recognised amounts and the is an intention to settie on a nel basis or to realise the asset and selue the liability simultaneously. B•slc flnanclal assets Basic financial assets, which include debtors and cash and bank balances. are initially measured al transaction price including transaction costs and are subsequently carried al amortised cost using the effective interest method unless the arrangement conslilules a financing Iransaclion, where the transaction is measured at the present value of the future receipts discounted al a market rate of interest. Financial assets cla53ified as receivable wRhin one year are not 2mortlsed. Classification offinanclal Ilabilitios Financial liabilities and equity iftstrumenls are classified according lo the Substan of the contractual arrangements entered into. An equity instrument is any contract that gvidences a residual interest in the assots of the society after deducting all of ils liabilities. Basic financial liabllltles Basic financial liabilitiés, including creditors, bank loan3, loans from fellow group companies and preference shares that are classified as debt, are initially recognised al transaction price unless the arrangement constitutes a financing transaction, where thè debt instrument is measured at the Psent value of the future payments discounted at a market rale of interest. Financial liabilities c18ssffied as payable within one year 2Te not amortised. Debt instnjments are subsequenlty carried at amortised cost. using the effective interest rate method. Trade creditors are obligations lo pay for goods or setvices that have been aryuired in the ordinary course of business from suppliers. Amounts payable afe dassified as curronl liabilities rf payment is due within one year or less. If not, they are presented as non-currenl liabilib"es. Trade creditors are re¢ognised initially al transaction pric8 and subsequently measured at amortised cost using the effective interest method. 1.8 Equity Instruments Equity instruments issued by the company are recorded at the proceeds received, nel of transaction costs. Changes in the fair value of derivatNaS that are designated and qualify as fair value hedges are recognised in profil or loss immediately, logelhgr with any changes in the fair value of the hedged asset or liqbility that are attributable lo the hedged risk. 1.9 Employee bonefits Payments to defined conlnbtltion retirement benefit schemes are tharged as an expense as they fall due. 1.10 Retiremgnt bpnoffts Payments to defined contribution r81irement benefit schemes are Charged as an expense as they fall du@. 10-
B.C.W. TRAINING LIMITED - Donaghey Stockman NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 A¢counting pollcles (Continued) 1.11 Government grants Government grants are recognised al the fair value of the asset received or receivable when there is reasonable assurance that the grant eondilkjns will be mel and the grants will be received. A grant that 5P8cifies perfonnance conditions is recogni8ed in income when the performance conditions are mel. Where a grant does not specify performance conditions il 15 recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is re¢ognised as a liabilty. Employee8 The average monthly number of peTsons employ¢d by the soryety during the year was 812020 - 81. 2021 Number 2020 Numbor Total Tanglble fixed assets Land and Plant and buildlngs machinery Total Cost At 1 Aprfl 2020 Additions 59.647 116,760 10,772 176.407 10.772 At 31 March 2021 59.647 127.532 187,179 Depreciatlon and Impairn1ont At 1 April 2020 Depreciation charged in lhe year 58,584 63 112,014 3.371 171,598 3.434 At 31 March 2021 59,647 115,385 175,032 Carrylng amount At 31 March 2021 12,147 12,147 Al 31 MarGh 2020 63 4.746 4,809 Debtorn Amount8 falling du• withln on8 yoar: 2021 2020 TTrdè d8btor8 24.860 26,751 11
B.C.W. TRAINING LIMITED Irwin - Donaghey . Stockman NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Creditr>r8'. amounts hlling due wllhln one year 2021 2020 Bank loans and overdrafts TtioTr and social security Other creditors 11,251 1.385 12,170 1.439 18.704 20,143 24,806 Credltofs: amounts falllng due after moro than one year 2021 2020 Other mdltor¥ 7,826 Cash generated from operatlon8 2021 2020 Prgfrt for the year aft8r tax 31,691 24.283 Adjustments for. Investment income Dopreaalion and impaim)ent of tangible fixed assets {7) 3.434 3,790 Mov•ments in worklng capital: D8creasel(increas8) In debtors De¢rea* in Creditors Invease In delerred Incomg 1.890 {2161 8,079 16,2401 Cash gengratod from operatio 44.871 21.702 An•tys18 of ehang•$ in not fund•l{dabtl 1 Aprll 2020 Cash flow 31 March 2021 Ca$h al bank and in hand Bank overdrafts 31 {11.2511 13,755 11,251 13,786 Borrowings excluding overdrafts (11,220) (12.926) 25,006 9,100 13.786 {3,826) (24,146) 34,108 9,960 12-
Irwin - Donaghey - Stockman B.C.W. TRAINING LIMITED ADDITIONAL INFORMATION Thg additronal infomation has been prepared from the accounting ret>Jfds ol the society. While il does not form part of the 8tslutory fln8nctal 8tat•ments, it should be read in conjunction with them and the auditorfs report thereon.
B.C.W. TRAINING LIMITED Irwin - Donaghey ' Stockma DETAILED INCOMEAND EXPENDITUREACCOUNT FOR THE YEAR ENDED 31 MARCH 2021 2021 2020 Ineomg Training for SuGcess Other Incomg 252,260 2.332 251,e76 254.592 251.676 Other operating Income Government grants recewable and rèleased 2,693 Administratlv8 oxpens08 Direct wages Training for Succes5 costs Trainee expenses Training fees Staff pension ¢osts defined contribution Ront payable Power, light and heat Property repairs and maintenance Premises insuranc8 Computer running eosls Professional subscription8 Audit fees Bank charges and interest Printing and slattonery Advertising Telecommunications Sundry 8xp8nse8 Depreciation 116.472 5,930 41.133 29,354 1,438 12, 149 2,594 4.123 1,078 1,256 114,187 9.227 49,250 18,222 1,370 11.952 4,440 7.411 971 592 253 2,580 870 1,275 299 663 61 3,790 2.S80 399 718 1.161 811 970 3.435 (225,6011 {227,413} Operatlng ourplus 31,684 24,263 Investment revgnu•s Bank interest received Surplus forthe financlal ygar 31.691 24,263 13-