B.C.W. TRAINING LIMITED STATEMENT OF COMPREHENSIVE INCOAIE FOR THE YEAR ENDED 31 MARCH 2022 Irwin Donaghey - Stockman Notes 2022 2021 Income aminislrative èxpenses er operating income 280.068 1266,427) 2.693 254,592 (225.601) 2,693 Operating surpl 78,334 kntwesE receNable and similar income hiterest payable and similar expenses 31,684 13 (1,6811 &J￿1￿8 before tax Taoion 14,866 31,691 &rplus for the flnan¢lal yèar 14,666 31,691 irwin ghey B.C.W. TRAINING LIMITED BALANCE SHEET ASAT31 MARCH 2022 - Stockman Notss 2022 2021 Flxed assets Tangible 8$8ets 10,212 Current assets Stocks Debtors C8sh at bank arKI in hand 12.147 1,250 20.200 27.798 1,250 24,860 13,786 Creditors.. amounts falllng due within one year 49.248 39,8 112,894) Net curr•nt assets (20.1431 36,354 Total assets les$ curr¥nt Ilabilltios 19.753 48,568 31,900 Capltsl and re$grve8 Call8d up shar& wttal Other re¥erve8 Income and èxp¢ndlknre account Total equlty 23 10,500 36,043 23 1 Ll,500 21.3n 31.900 The finanaal stslements were approved by management and aulhori¥erJ for issue on 24 Oc4obw 2022 are signed on its behalf b￿. J HIII (Secretary) Black IChalrp•rsonl R McNelll Icommltteg Mernb•r) Society Registrntion No. IP000249 B.C.W. TRAINING LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Irwin - Donaghey . Stockman Accountlng pollcles Soclety informatlon 8.C.W. Training Limited is a society domiclled and Incorporated in North¢rn Ireland. The registered office is Unil 18 Moyle Enterprise Park. BALLYCASTLE, CoAntrim. BT54 6EZ. 1.1 Ac¢ountlng conv&nt5on These financial statements have been p￿Pared in a¢cordance with FRS 102 "The Financial RepcKting Sl8nd8rd applicable in tho UK and Republi¢ of Ireland" I"FRS 102.1 and the requ1￿Ments of the Co-operative antj Community Benefit Socidies Act (Northem Ireland) 2014. The financial ststements are pTrpared in sterling, which is the ftrnctional currency of the soaety. Monetary amounts in Iheso financial statements are rounded to the nearest £. The financial slalements have been prepared under the historical c08t convention. Tha printspal accounting polr¢les 8dopted are set out below. 1.2 Turnover Income is reeognised to the extent that the soaety obtains the right to considerali¢)n In exchange for ils Services. Income is measured al the fair value of the consider8tion received or recelvable. 1.3 Tanglble flxed a$5ets Tangible fixed ass&ts are initially measured at Cost and subsequently measured at cost or valuation, nel of depredation and any impainnent losses. Depreciation is recognised 50 as to write off the cost or valuation of assets les5 their residual values over their usefijl liv85 on the following basg8.- Land and buildings Freehold Fixturos. fittlngs & equipment Computer equipment straight line over 20 years 25% reducing balance 12.5Yo reducing balance 1.4 Impalmient of fixed assgts Al each reporting period end dale, the society reviews the carrying amounts of ils tangible assets to detemiine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists. the recoverable amount of the asset is eslimaled in order lo determine the extent of tho impairment loss lif any). w)ere il is not possible to estimate the recoverable amount of an individual asset. the society eslimales the reeoverable amount of the ￿$h-generating unst lo whlch the asset belongs. 1.5 Sto¢ks Stocks are sla19d al the lower of cost and eslimaled selling pri￿ less costs to complete and 8ell. Cost comprlses direct materials and, where applicable, direct labour ¢osls and those overheads that have been incurred in brin5ing the stoGks lo their present location and condition. 1.6 Ca$h and cash equlvalents Cash and cash equivalents are baslc financial assets and indude cash in hand, deposlls 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 borrowngs in current liabilities. B.C.W. TRAINING LIMITED Irwin ' Donoghey . Stockman NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Accountlng policlas (Continued) 1.7 Flnan¢lal Instrumènts The $txiety he$ electsd to apply the prow$ions of Sedon 11 'BaBic Flnancial Instwmenls. and Secbon 12 'Olher Flnancial Instruments188ues' of FRS 102 to all of its financial instruments. Finoncial instruments are racognised in the society's ststement of financial position when the soaely becomes paty lo the contractual provisions of the Instrument. Financial ass&ls and liabilities are offset, wlh the nel amounts presented in tha financial statements, when there is a legally enforceable right to set off the recognised arnounls and there is an intention lo s&ttl8 on not basis 01 lo realise the asset and settle the liability simukaneously. Basic Ilnaneial asséts Basic finanoal assets, which indude debtors and cash and bank balanees, are initially measL*red at transaction priee inclu(fing transaction cos15 and are subsequently carried al amortised cost using the effective interest method unlass the arrangement constitutes a financing Iransacb'on. where the transaction is measured al the present value of the future receipts discounted at a market rale of interest. Financial assets classified as receivable Mlhin on& year ale not 8mortis8d. Classifi¢atlon of finanelal Ilabi11ti85 Financial liabilities and equity instruments are classffied according to the Substan￿ of the contractual arrangements entered into. An equity instrument Is any contrf that evidencès a rosidual inteT6St in the assets of the society after deductlng all ol it5 liabilitie5. Baslc flnancial liabllitios Basi¢ financial liabilits'es, including ¢redllors, bank loans, loans from fellow group companies and preference shares that are classthed as debt, are initially recognised al transaction price unless the arrangement constitutes a ftnan¢ing transaction, where the aebt instrument is measured al the present value of the future payments discounted al a market rale of interest, Financial liabilities classified as payable wlhin one year are not £morbs8d. Debt instruments are subsequently earried al amortised cost, using the effective interest rate methtsy. rrade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is dije within one year or less. If not. they are presented as non-currenl liabilities. Trade credllors are recognised initially at transaction Pri￿ and subsequendy measuied al amortised cost using the effechve interest method. 1.8 Equlty Instruments Equity instruments issued by the company are recorded at the proceeds r￿1ved. net of transaction ￿st5. Changes In the fair value of derivatives that are designated and qualfy as fair valu& hedges are recognised in profil or loss immediately, together with any changes in the fair valug of the hodged asset or liability that are attributsbl8 to the hedged risk. 1.9 Employee beneftts Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. 1.10 Retlt•ment b•noflts Payments to defined contribution retirement benefrt schem8s a￿ charged 8s an expense as they fall due. B.C.W. TRAINING LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Irwin Donaghe, - Siockman Accountlng pollclos 1.11 Government grants Govemment grants are recognised at the fair value of the asset ree&iv8d or recewable whgn there is reasonable assurance that the grant conditions will be mel and the grants will be re￿Ived. A grant that specifies performance conditions is recognised in Income when tha performance conditions are met. ￿ere a grant does not sp¢cIfy performance conditions il is rÈcognise(J in income when the proceeds 8re re￿Ived or re￿1¥able. A grant received before the rocognilion Lyileria aft satisfied is recognised as a liabillty. {Continued) Tanglble flxed assets Land and Plant and bulldlngs machinery gtc Total Cost At l April 2021 Addltion8 59.647 127,532 1,522 187.179 1.522 At 31 March 2022 59,647 129,054 Deprnclatlon and rmpalmi•nt Al 1 Aprfl 2021 Depreciation tharged in the year At 31 March 2022 188.701 59,647 115,385 3,456 175.033 3.456 59.647 Carrylng amount At 31 March 2022 118,841 178.489 At 31 March 2021 10,213 10,272 12,147 12.147 Debtors Amounts falllng due withln one year: Trade debtor5 2022 2021 20,200 24.860 CrodJtor8". amounts falllng du& wlthln one yèar 2022 2021 Taxation and.sodal *curify Other creditors 611 12,283 7.439 18,704 12,894 20,143 Li 10- B.C.W. TRAINING LIMITED - Donaghey . Stockmon NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Employeos The average monthly number of persons employed by the $ooety dutlng the year was 8 (2021- 8). 2022 Numbgr 2021 Number Total 11 B.C.W. TRAINING LIMITED Inmin . Donaghey . Stockman ADDITIONAL INFORMATION The additional information has been prepared from the accounting records of tho society. While it does not foTh part of the slalutory financaal ststemenls, it should be read in conjunctlon with them and the 8uditoVs report thereon. B.C.W. TRAINING LIMITED Irwin Donaghey - Stockman DETAILED INCOMEAND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2022 2022 2021 Incorng Training for Success Other income 267,330 12,738 252,260 2,332 280.068 254.592 Other operatlng Incon Govemment grants receiv4ble and relea$e(I 2,693 2.693 Admlnlstratlve expèn￿5 Direct wage5 Training for SUC￿58 Costs Trainee expenses Training fges Staff pension costs defined contnbutlon Rert payable Power. light and heat Propety repairs and maintenan Premises insurance CompLrter wnning costs Audit fees Bank ¢harge3 and interest Printing and stationery Advertising Telecommunications Sundry expenses Deprociation 131,181 5,217 46,885 33,861 1,921 12,149 5,733 4,988 116,472 5,930 41,133 29,354 1.438 12,149 2.594 4,123 1,078 1.256 2,580 399 718 1.161 811 970 3,435 2.481 2,760 189 6,187 1,250 1.187 6,038 3,456 (266,427) 1225,601) Operatlng surplus 16,334 31,684 Invostment revènues Bank Interest re¢eiv& 13 Intsrest payable and 81mllar oxp•nse5 Bank interest on loans and overdrafts (1.681) Surplus lor the flnanclal yaar 14,666- 31,691 12-