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 S￿Cer 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 t￿hillg 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 Ch￿lty 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 fi￿dS), 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 tn￿teeS 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 MCCU￿1¢
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 C￿lty'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 f￿anCIal 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 ￿¢a￿t-rati￿gS assigned by international credit-rating agencies.
The charity has no si￿RfiCant 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 ￿t￿re
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 a￿ounting 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 le￿SlatiOn 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
ca￿1ng 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 n￿terS 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 fi￿dS 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 fi￿d8
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
Tr￿te¢
Mr Ian Turk
TTh￿te¢
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 f￿anCIal statsments have been PTepar¢d in a￿ordanCe 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 SI￿11ficant 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 Se￿1¢¢$
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 c￿led 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 Cu￿ent 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
Ch￿￿￿allOn
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 an￿gement 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 ba￿k 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 cOntrac￿al 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 V￿lle 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
FurnIt￿re 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: a￿oll￿ts falling due within one year
2023
2022
Other creditors
AC¢n￿lS
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
cU￿ent assets
Cll￿ent 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