Company registration number.. N1646046 ChaTAty registration number: NIC107764 Shining Lights (A company limited by guarantee) Annual Report and Financial Statements for the Year Erjded 31 May 2023 Hopper & Co 6 Doagh Road Ballyclare Co Antrtm BT39 9BG
Shilling Lights Contents Refer¢n¢e and Administrative Details Trustees, Report 2to5 Independent Exarniner's R¢port Statement of Fitw]cial Activities Balance Sheet 8t09 Notes to the Financial Statements IOto20
Shining Lights Reference and Administrative Details Trustees Mr David Mccurrie Mr lan Turk Miss Carol Weatherall NIC107764 Charity Registration Number Company Registration Number N1646046 The charity is inrorporated in Northern Ireland. 105 Hillhead Road Balkyclare Co. Antrim BT39 9LN Registered Office Indep¢ndellt Examiner Hopper & Co 6 Doagh Road Ballyclare Co Antrirn BT39 9BG Page I
Shining Lights Trnstees, Report The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 May 2023, Objectives and actlvities Objects and aims Shining Lights run soccer training sessions in schools during s¢hool hours and after schook hows. Shining Lights SCer training sessions in the evenings and outdoor soccer matches on Saturdays from September to May in Ballyclare for children aged s¢ven and above. We train and encourage men and women (maitily young men and women) in all areas of soccer coachin building of Character and leadership skills. I)uring the sunllner months we run soccer, hockey and mixed sports surnmeT cau)ps. The content of our programme involves Bible tea¢hing> building of character, encouragement, wellbeing) fithtss training and te8mworL We annually distribute gospel literature to homes in and around the Ballyclare ar¢& Our primary objectAves are to share the Gospel of the Lord Jesus Christ to children and young people in the local community, provide consistent Bible teaching and sports coaching. The Trust¢es are ¥eatty appreciative of all the OTganisations fmancial supporters and the continued support of their members, without whose help th¢ ¢barity could not fulfil its charitable aims and objectives. Public benefil Shining Lights meets the public benefit requxrement as follows: The direct benefits which flow from th¢ purpos¢s include the development of sports b&8ed skills and Èmproved hcalth and fEtness' development of improved social skills and the ability to engage in teamwork and ability to show leadership. developlng an awareness to and an understsnding of the Gospel of the Lord Jesus Christ and the Bibke. development of chardcter - spiritually. mornlly, emotionally and relationalty, helping to live a more stabl¢ and fulfilled life. Sbinijig Lights provides training to voluntsers thereby increasing their ability to provide voluntary service and lead¢rship. The benefits resulting from the work of Shining Lights are improved health of partiripants. improvement in social emotional and physical wellbelng of participants. improved behaviouT in tern]s of tbeir ability to live a life that can positively contribute to society. There is no harni arising from the purposes. Open to all members of the public, but mainly Children aged seven and above. No one gains a private benefiL The trustees confm that they have complied with the requirements of section 4 of the Clwities Act 2008 to have due regard to the public benefit guidance published by The Charity Commission for Northern Ireland, Aehievenlents and perlormanee During the year we achieved our objectlves by provlding sports coaching and Bible thillg to children and young people in local schools and to those who att¢nd sessions in the evening and at weekend and by distribthing Gospel liternture in the local are& Page 2
Shining Lights Trustees, Report Financial review Pollcy on reserves The Trustees of the charity have ¢stablished a policy whereby the unrestiicted fimds not wmmitt¢d or invested in tangible fixed assets (kne free reserves,) held by the charity should amount to between 2 and 6 months worth of the resources expended which equates to between £3,042 and £9,127 in general funds. At this l¢v¢l, the Trustees feel that they would be able to continue the current artivities of the Chlty in the event of a si.onificant drop fLmding) however it would obviously be necessary to consider how the fimding would be repla¢ed or activities changed. At present the free reserves (which exclude designated fidS), amount to £15,746 and are above th6 Truste¢s' target range. The Trust¢¢s continue to work towards maintaining their free reserv¢s target. Going eoncern The trustees assess whether the use of going concern is appropriate i.e. whether there are any matsrial unc¢rtaintRes related to events or conditions that may cast significant doubt on the ability of the Charity to continue as a going ¢on¢eTn. The tnteeS make this assessment in respect of a p¢riod of one year from th¢ date of approval of the financial statements. The nature of funding is such that Truste¢s cannot be certain that projected tUre funding will mateiialise, At the txme of approving the accounts, despite financial challenges and following &8sessment the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of ac¢ounting in preparing th¢se fulancial statements. Trnstees and officers The trnstees and officers s¢rving during the year and since the year end were as follows- Mr David MCCU1¢ Trustees.. Mr Ian Turk Miss Carol Weatherall Structurey governance and management Nature ofgoverftlng docupnenl The charity is controlled by its governing document, a deed of trus4 and constitutes a limited company, limtted by guarantee, a8 defmed by the Companies A¢t 2006. Orgqnisailondl slructhre The organisation is primarily ttwiag¢d by the board of Trustees. There are no employees. Page 3
Shining Lights Trnstees, Report Financial instruments Objectives ¢indpolicles The charity's activities expose it to a number of financial risks including Credit risK cash flow risk and liquidity risk. The use of financial derivatlves is governed by the Clty'S policies approved by the boaTd of trustees, which provide written principles on the use of financial derivatives to manage these risks. The clwity does not use derivative fanCIal instrum¢Dts for speculative purposes. Cashflow risk The charity's activities expose it primarily to the financial Tisks of changes in foreign currency exchange rates and interest rates. The charity uses foreign exchange fonvard contracts and interest rats swap contracts to hedge these exposwes. InteT¢St bearing assets and liabilities are held at fixed rate to ensure certainty of ¢a8h flows. Credil risk The charity's principal financial assets are bank balances and cash, trade and other receivables, and investments. The clwty's dit risk is primarily attributrable to its trade receivables. The amounts presentsd in the balance sheet are net of allowances for doubtfill receivables. An allowance foi impairment is mad¢ Mthere there is an iaentified Eoss event which, based on previous experience. is evidence of a reduction in the recoverability of the cash flows. The credit risk on liquid fvnds and derivative financial instruments is limited because the counterparties are banks with high ¢at-ratigS assigned by international credit-rating agencies. The charity has no siRfiCant concentration of Credit risk, with exposure spread over a large number of counterparties and ¢ustotners. Llquldtiy risk In order to maintain Ilquidity to ensure that suffici¢nt fimds are available for ongoing operations and tre developments, the charity uses a mixture of long-tenn alld short-term debt fAnanc¢. Further detsils regarding liquidity risk Can b¢ found in the Statement of aounting policies in the financia] statements. Statement of trustees, responsibilities The truste¢s (who are also the directors of Shining Ligbts for the purposes of company law) are responsible for preparing the trustees, report and the financial statements in ar¢ordance with applicable law and United Kingdom Accounting Standards (Unitsd Kingdom Generally Accepted Accounting Practice), includirjg FRS 102 Tbe Financial Reporting Standard applicable in the UK and Republic of Ireland" The r¢port and accounts have been prepared a¢¢oTdance with the provisions in the Companies Act 2006 relating to smaEI compani¢s. Company law requires the trustees to prepare financial statements for each financiak year. Under company law the trustees must not approv¢ the financial statements unless they are satisfied that they give a true and fair vi¢w of the state of affairs of the charitable company and of the incoming resources and application of resourc¢4 including its income and ¢xpendittwe, of the charktable company for that period. In preparing these financial statements, the trustses are required to: select suitable accounting policies and apply them consistently. observe the methods and principles in the Charities SORP. make judgements and estimates that are reasonable and prudent. state whether applicable accounting standards, comprising FRS 102 have been followel subject to any material departures disclosed and explained in the financial statements. and Page 4
Shining Lights Trustees, Report prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitabl¢ company will continue in business. The trustees are responsible for keeping proper accounting re¢ords that can disclose with reasonable accuracy at any time the fll)ancial positiorl of the charitable company and enabl¢ them to ensure that the financial statements comply with the Companies Art 2006. They aTe also spOnsIble for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other itT¢gularities. The trustees ale ¥esponsible for the maintenance and integrity of the corporat¢ and fmancial infonnation included on the charitable company's website. Legislation governing the preparation and dissemination of fmancial statements may diff¢r from leSlatiOn in other jurisdictions. Small companRes provision statement This report has been prepared in accordance with the small companies regirrte under th¢ Companies Act 2006. The annual report was approved by the trustees of the charity on 28 February 2024 and signed on its behalf by: MT David Mccurrie Trustee Page 5
Shining Lights Independent Examiner's Report to the trustees of Shining Lights ('the Co]llpany') I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 May 2023. Responsibilities and basfis of report As the charity's trustees of Shining Lights (and also its directors for the purposes of company law) you are responsibl¢ for the preparation of the accounts in accordance with the requirements of the Comp&rAies Act 2006 ('the 2006 Act,). Having satisfi¢d myself that the a¢counts of Shining Lights are not r¢quired to be audited und¢r Part 16 of the 2006 Act and ar¢ eligAble for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 65{2) of the Charities Act (Y4orthern Ireland) 2008 ('the 2008 Act,). In ca1ng out my examination I have followed the Directions given by the Charity Conmnission under section 65(9)(b) of the 2008 A¢t. Independent examiner's ststemeut I have completsd my examination. I confirni that no nterS have ¢ome to my attention in connection with the examination giving me cause to believe: accounting re¢ords were not kept in respect of Shining Lights a5 required by section 386 of the 2006 Act. or 2. the accounts do not accord with those recoTds; or 3. the accounts do not comply with the accounting requÉrements of section 396 of the 2006 Act other than any requiTem¢nt that the accounts give a 'true and fair vieMI which is not a matter considered part of an independent examination; OT 4. the accounts have not been prepared in accordance with tILe methods and principles of the Statement of Recommended Prwtice for accounting and r¢porting by charities [appli¢able to charities preparing their accounts in a¢coraance with the Fillancial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)]. I hav¢ no con¢erns and have come across no other matters in connection with the examination to which attention should be dra in this report An order to enable a proper understanding of the accounts to be reached. Simon Hopper FCA Chartered Accountants Ireland 6 Doagh Road Ballyclare Co Antrim BT39 9BG 28 February 2024 Page 6
Shining Lights Statement of Finaneial Activities for the Year Ended 31 May 2023 (Including Income and Expenditure Account and Statement of Total Recoguiyed Gains and Losses) UDrestricted funds Restrlcted funds Total 2023 Note Income and Endowments from= Donations and legacies Other trading activlties Total incom¢ 5,765 3,329 5,765 3,329 9,094 9,094 Expenditure on: Charitable activities (11,688) (128) (11,8161 Total expenditur¢ (11,688 (128 (11,816) expenditure Net movement in funds (2.594) (128 (2,722) (2,594) (128) (2,722) Reconciliation of fwAds Total funds brought forward 21,544 511 22,055 Total fidS carri¢d forn¥ard 12 18,950 Unrestricted fiinds 383 Restricted funds 19,333 Total 2022 Note Income and Elldowments from= Donations and legacies 32,455 32,455 Total income 32,455 32.455 Exp¢ndfitur¢ on: CharKtable activities (18,254) (938) (19,192 (19,192) Total expenditUT¢ Net incomel(expenditur¢) Transfers between fisnds (18.254 (938) 14201 (437) (938) 437 13,263 Net movement in fimds 13.764 (501) 13,263 Re¢oneiliation of fund5 Total lldS brought forward Total funds carried fonvard 7.780 1,012 8,792 12 21,544 511 22,055 All of the charity's activkties derive from continuing operations duTing the above two periods. The ThdS breakdown for 2022 is shown An note 12. The notes on pages io to 20 folln an integral part of these fmancial statements. Page 7
Shining Lights (Registration number: N1646046) Balance Sheet as at 31 May 2023 2023 2022 Note Fixed assets Tangible assets 3,587 4,464 Current assets Cash at bank and in hand io 16,287 18,095 Creditor5: Amounts falling due within one year 11 (541 (504) Net Current Assets 15,746 19,333 17,591 Net assets 22,055 Funds of the charity: Restricted ineome funds Restricted fid8 383 511 Unrestricted Ineom¢ funds Unrestricted fund8 18,950 21,544 Total funds 12 19,333 22,055 For the financial year ending 31 May 2023 th¢ charity was entktled to exemption from audit under section 477 of the Compani¢s Act 2006 relating to small companies. Dir¢ctors' responsibAlities: The members have not required th¢ charity to obtain an audit of its accounts for the y&ar in question in accordance with sectlon 476. and The directors acknowledge their responsibilities for complying with the T¢quirements of the Act with regpect to accounting records and the preparation of accounts. These fman¢ial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies AGÉ 2006. The notes on pages 10 to 20 form an integral part of these fll]ancial statements. Page 8
Shining Lights (Registration number: NI646046) Balanee Sheet as at 31 May 2023 The financial statements on pages 7 to 20 were approved by the trustees, and authorised for issue on 28 February 2024 and signed on their behalf by: Mr David Mccurrie Trte¢ Mr Ian Turk TThte¢ Miss Carol Weatherall Trustse The notes on pages 10 to 20 forni an integral part of these financial statements. Page 9
Shilling Lights Notes to the Fillancial Statements for the Year Ended 31 May 2023 I Charity status The charity is limitsd by guarantee, incorporated in Northern Ireland, and consequently does not have share capital. Each of the trustees is liable to contributs an amount not exceeding £1 towards the a55ets of th¢ charity in the event of liquidation. The addr¢ss of its Tegistered office is- 105 Hillhead Road Bally¢laTe Co. Antrim BT39 9LN These financial statements were authorised for issue by the trustees on 28 Febnjary 2024. 2 Aceounting policies Summary of significant accountlng polieles and key accounting estimates The principal accounting policies applied in the preparation of these financi statsments are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. Statement of compliance The fanCIal statsments have been PTepar¢d in aordanCe with Accounting and Reporting by Charities.. Statement of R¢wmmended Practice applicable to charities preparing their accounts in ac¢ordanc¢ with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2015) - (Charities SORP (FRS 102)). the Financial Reporting Standard applicable in th¢ UK and Republic of Treland (FIiS 102). They also comply with the Companies Ad 2006 and Charities Act (North¢m Ireland) 2008. Basis of preparation Shining Lights meets the definition of a public benefit entlty under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in th¢ relevant accounting policy notes. Going concern The financial statements have been prepared on a going ¢oncem basis. The trnstees assess whether the use of going concern is appropriate K.e. whether there are any material uncertainties related to events or conditions that may cast SI11ficant doubt on th¢ ability of the charity t() continue as a going concern. The trustses make tllls &8sessrAent in respect of a period of one year from the date of approval of the financial statements. Income and endo)vinents All income is recognised once the charity has entitlement to the income, it JS PTobabl¢ that the income will be received and the amount of the income rereivable can be measured reliably. Page 10
Shining Lights Notes to the Financial Statements for the Year Ended 31 May 2023 Donallons (md legociÉs Donations are recognised when the charity has been notified in witing of both the amount 8nd settlement date. In the event tbat a donation is subject to conditions that require a level of perfornlance by the charity b¢foie the charity is entitled to the fi]nds, the income is defeTr¢d and not recognised until either those conditions are fully met, or the lfilMent of those conditions is wholly within the control of the charity and it is probabl¢ that these conditions will be lfilled in the reporting period. Expenditure All expenditure is recognised once there is a legal or constrn¢tive obligation to that expenditUTe, it is probable settlement is required and the amount can be measur¢d reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot b¢ directty attributed to partkcular headings they have been allocated on a basis consistent with the use of resour¢es. with central staff osts allocated on th¢ basis of time spent, and depreciation charge5 allocated on the portion of the asset's use. Other SUPPOrt costs are allocated based on the spread of staff costs. Charthible aclivili Charitable ¢xp¢nditure comprises those costs incurrcd by the charity in th¢ delivery of its activities and Se1¢¢$ for its beneficiaries. It includes both costs that can be allocated directly to such activities and thos¢ costs of a indirect nature nec¢ssary to support them. Support costs Support wsts include central fiinctions and have been allocated to artivity cost categories on a b&8is consistent with th¢ use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage. Governance costs These include the costs attributable to the charity's cotnpliance with constitirtional at statutory requirements, including audil strategic management and trustees m¢etings and reimbursed expenses. Taxation The chartty is considered to pass the tests set out in Paragraph I Sthedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from t&ution in Tespect of inwme OT capital gains received within categoTies covered by Chaptcr 3 Part I l of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income OT gains are applied exclusively to chaYitabl¢ puryoses. Tangiblt fixed assets Individual fixed assets costing £IOO,00 or rnore are initially reeorded at cosL Depreciation and amortisation Depreciation is provided on tangible fixed ass¢ts $0 as to write off the cost or valuation, less any estimated Tesidual value, over th¢ir expectsd us¢fiJR e¢onomi¢ life as follows.. Asset ¢lass Fixttjre and Fittings Depreeiatfion method and rate 200/0 Straight Line Pagell
Shining Lights Notes to the Financial Statements for the Year Ended 31 May 2023 Cash and cash equivalents Cash and cash equivalents comprise cash on hand and ¢all deposits, and other short-terni highly liquid investments that are leadily conv¢rtible to a known amount of cash and are subject to an insign2ficant risk of chang¢ in value. Borrowings Interest-bearing borrowings are initialty recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently cled at amortised cost, with the difference between the proceeds, net of transaction Costs, and the amount du¢ on redemption being recognised as a charg¢ to the Statement of Financial Activiti¢s over the period of the relevant borrowing. Interest expens¢ is recognised on the basis of the effective interest method and is included in interest payable and similar charges. Borrowings are classified as Cuent liabilities unless the charity has an unconditiona] right to d¢f¢r settlement of the liability for at le&st twelve months after the reporting date. Fllnd structure Unrestricted income fimds are general funds that are available for we at the trustees discretion in filltherance of the objectives of the charity. Reslricted income fimds are those donated for use in a particular area or for specific purposes, the use of which ks r¢stricted to that area or purpose. Financial in$trnments ChallOn Financial assets and financial liabilities are recognised when th¢ charlty becomes a party to the contractual provisions of the instsiuDent. Financial liab11tti and equity instruments are classified a¢c£)rding to the substance of the contractual arrangements entered into. An equity instrument is any contrdd that evidences a residual interest in the assets of the cbarity after deducting all of its liabilities. Page 12
Shining Lights Notes to the Finanelal Statements for the Year Ended 31 May 2023 Recognition andmgasuremenl All fintjncial assets and liabilities are inktially measured at transaction price (including transaction costs), except for thos¢ financial assets classified as at fair value throu profit or loss, which are initially measured at fair value (wf]i¢h is nornthlly the transaction price excluding transaction costs), unless the affangement constitutes a financing transaction. If an angement constitutes a financing transaction, the financial asset or financial kiability is measured at the present value of the futUTe payments discounted at a market rate of Ént¢rtst for a similar debt instnllnent. Financial assets and liabilities are only offset in the statsment of financial position when, and only when there exists a legally enforceable right to set off the rpxognised amounts and the Charty intends either to settle on a net basi4 01 to realise th¢ asset and settle the liability simultaneously. FÉnancial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charty transfers to another paty substantially all of the risks and rewards of ownership of the financial asse( or c) the charity, despite havillg retained some, but not all, significant risks and rewards of own¢Tship, has transferred control of the asset to another paty. Financial liabilities are derecognised only when the obligation sp¢cified in th¢ contract is discharged, canrKll¢d or expires. Page 13
Shining Lights Notes to the Fillancial Statements for the Year Ended 31 May 2023 Debt thstruments Debt instruments which meet the following conditions are subsequently measured at amortised ¢ost using the effertiv¢ interest method: (a) The Contractual return to the holder is (i) a fLxed atnount- (li) a positive fixed rate or a positive variable rate; or (iii) a combination of a positive or a negative fixed rate and a positive variable rate. (b) The contract may provid¢ for repayments of the princtpal or the return to the holder (but not both) to be IiDked to a single relevant observable index of geneTaI price inflation of the CUTrency in which the debt instrument is denominateil provided such links are not leveraged. (c) The ¢ontract may provide for a deterniinable variation of the return to the hold¢r during the life of the instrument, provided that (i) th¢ new rate satisfies condition (a) and the variation is not wntingent on future events other than (l) a change of & ¢ontracttial variabl¢ rate. (2) to protect the holder against cr¢dit deterioration of the issuer. (3) changes in levies applied by a central bank OT arising from changes in relevant taxatlon or law, or (li) the new rate is a mark¢t rate of interest and satisfies condition (a). {d) There is no contractual Pfovision that could, by its ternis, result in the holder losing the principal amount or any interest attributable to the current period or prior periods. (e) Contractual provisions that pern)it the issuer to prepay a d¢bt instrutnent or perniit the holder to put it back to the issuer before maturity are not contingent on future events. other than to protect the holder against the credit detsrioration of the issuer or a change in control of th¢ issuer, or to protect the holder or issuer against changes in levies applied by a central bak o¥ arising from charAges in relevant taxation or law. (fj Contractual provisions may permit the extension of th¢ term of the debt instrument, provided that the return to the holder and any other cOntracal provisions applicable during the extended tern) satisfy the conditions of paragrnphs (a) to (c). Debt instruments that are classifi¢d as payable or receivable within one year on initial recognition and which meet the above conditions are m¢asured at the undiscouttted amount of the cash or other consideralion expected to b¢ paid or receiveLL net of impairment. With the exception of some hedging instrum¢nts, other debt instruments not meeting these conditions are measured at fair value througb profit or loss. Commitments to make and receive loans which meet the conditions mentioned above are measur¢d at Cost (which may be nil) less Ampairn]ent. Investments in non-convertible preference shares and non-puttable ordinary or preference shares (wliere share$ are publicly traded or their fair value is reliably m¢asurable) measured at fair value through profit or loss. Where fair valu¢ cannot be measured r¢liably, inv¢stnwJts are rneasured at cost less impairn]ent. Investrnents in subsidiaries and associates are measured at cost less impairment For investments in subsidiaries acquired for consideration including the kssue of shares qualifying for merger relie£ cost is mwuTed by reference to the nominal v4lue of the shares issued plus f&ir va]ue of otheT consideratAon. Any pr¢rrtium is ignored. Page 14
Shining Lights Notes to the Financial Statements for the Year Ended 31 May 21)23 Derivathjefinimcial In$lruments The charity uses derivative fu]ancial instruments to reduce exposure to foreign exchange risk and interest rate movements. The charity does not hold or issue derivative financial instruments for speculative purposes. Derivatives are initially re¢ognised at fair Vlle at the date a derivative contract is entered into and are subsequently remeasured to their fair value at each reporting date. Th¢ resulting gain or Ioss is Tecognis¢d in statement of financial a¢tiviti¢s immediately unless the derivative is designated and effective as a hedging instrumenL in which ¢vent the timing of the recognition in statement of fmancial activities depends on the nattwe of the hedge relationship. Fair value measurement The best evidence of £aÈr value is a quotsd price for an identical asset in an active market. Wlken quoted prices are unavailable, the price of a recent transaction for an identical asset provides evidence of fair value as long as there has Dot been a significant change in economic circumstances or a sigrsifi¢ant lapse of time since the transa¢tion took place. If the market is not active and recent transactions of an identical asset on their own are not a good estinmte of fair value, the fair value is est&mated by using a valuation technique. 3 Income from donations and legacies Unrestri¢ted runds General Total unds Donations and legacies. Donations from individuals 5,765 5,765 Total for 2023 5,765 5,765 Totsl for 2022 32,455 32,455 4 Income from other tr2ding activities Unrestricted funds General Total funds Trading income. Sales of goods and services 3,329 3,329 Total for 2023 3,329 3,329 5 Expendtture on charitable activities Page 15
Shillmllg Lights Notes to the Financial Statements for the Year Ellded 31 May 2023 Unrestrietea funds General Restrieted funds Total 2023 Note Youth Sports Program (YSP) Allocated support Costs Governance costs 6,368 4,680 640 6,368 4,808 640 128 11,688 128 11,816 Unrestrieted fllnds General Restricted funds Total 2022 Note Youth Sports Progratn (YSP) AIIocAt¢d support costs Governance costs 1,392 15,652 1,210 810 128 2,202 15,780 1,210 18,254 938 19,192 2023 2022 In addition to the expenditure analysed above, there are also governance costs of £640 (2022 - £1,210) which relat¢ dtrecdy to charitable activities. Se¢ note 6 for further details. 6 Analysis of governance and support costs Governance cost$ Unrestricted funds Gener21 Total runds Independent examiner fees Examination of the financial statements Legal fees 576 576 Total for 2023 640 640 Totsl for 2022 1,210 1,210 Page 16
Shinlng Lights Notes to the Financial Statements for the Year Ended 31 May 2023 7 Independent examlner's remuneratio 2023 2022 Examination of the financial statements 576 528 Page 17
Shllliug Lights Notes to the Financial S*atements for the Year Ended 31 May 2023 8 Taxation The charity is a registered cbarAty and is therefore exempt from taxation. 9 Tangible fixed assets FurnItre and equipment Total Cost At l June 2022 Additions 5,580 299 5,580 299 At 3 1 May 2023 Depre¢iation At l June 2022 Charge for the year 5,879 5,879 1,116 1,176 1,116 1,176 At 31 May 2023 2292 2292 Net book value At 31 May 2023 3,587 3,587 At 31 May 2022 4,464 4,464 10 Cash and ¢ash equivalents 2023 2022 Cash at bank 16287 18.095 11 Creditors: aollts falling due within one year 2023 2022 Other creditors AC¢nlS 540 504 541 504 12 Funds Page 18
Shlning Lights Notes to the Financial Statemellts for the Year Euded 31 May 2023 Balance at 31 May 2023 Balance at I June 2022 Incomillg resources Resources expended Unrestriet¢d funds General 21,544 9,094 (11,688) (128) 18,950 Restrieted funds 511 383 Total funds 22,055 9,094 (11,816 19,333 Balance at 31 May 2022 Balance at I June 2021 Incoming resources Resoure¢s expended Transfers Unrtstricted funds General 7,780 32,455 {18254) (437) 21,544 Restrleted funds 1,012 (938 437 511 Total thnds 8,792 32,455 19,192 22,055 The specifi¢ purposes for which the funds are to be applied are as follows: Equipment & Resources funding - A legacy received to buy equipment and resou¢es to undertaken dire¢t activities of th¢ charity 13 Analysis of net assets between funds Unrestricted funds General Total £uuds at 31 May 2023 Restricted funds Tangible fixed assets cUent assets Cllent liabilities 3,204 16,287 {541) 383 3,587 16287 (541) Total net assets 18,950 383 19,333 UnresÉricted fullds General Totsl funds at 31 May 2022 Restricted funds Tangible ftxed assets Current assets Current liabiliti¢s 3,953 18,095 (504) 511 4,464 18,095 (504) Totsl net assets 21,544 511 22,055 Page 19
Shining Lights Notes to the Financaal Statements for the Year Ended 31 May 2023 14 Related party transactlons There w¢r¢ no related paty transactions in the year. Page 20