Shining Lights Trustees, 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 actAvAties Objects ond ain Shining Lights run soccer training sessions in schools during school hours and after school hours. Shining Lights run soccer training sessions in the evenings and outdoor soccer matches on Saturdays from Septernber to May in Ballyclare for children aged seven and above. We train and encourage men and women (mainly young men arld women) in all areas of soccer coachin& building of character and leadership skills. Duriiig the sutntner months we run soccer, hockey and mixed sports summer camps. The contenl of our programine involves Bible tsaching, building of character, cn¢ouragetnenL wellbeing, fith¢ss truining ld teamwork. We annually distribute gospel literature to homes in and around the Ballyclare area. Our primary objertives are to share the Gospel of the Lord Jesus Christ to children and young people in the lo¢al community, provide consistent Bible teaching and sports COh1ng. The Trustees are gr¢atly appreciative of all the organisations financial supporters and the continued support of tlieir membcrs, without whose help the charity could not fulfil £ts charitable aims and objectives, Publlc benejlt Shining Lights meets the public beneflt requirement as follows: The direct benefits which flow from tlie purposes include the development of sports based skills and irnproved health and fitness. development of improved social skills and the ability to engage in teamwork and ability to show leadership; developing an awareness to and an understanding of the Gospel of the Lord Jesus Christ and the Bible- developrnent of character - spiritually, morally, emotionally and relationalty, helping to live a more stable and fulfilled life. Shining Lights Provides training to volunteers thereby increasing their ability to provide voluntary service and leadership. The benefits resulting from the work of Shining Lights are improved health of participants. improvement in social emotional and physical wellbeing ol participants. Amproved behaviour in tenns of their ability to live a life that can posltively 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 gatns a private benefit. The trustees confirni that they have complied with the r¢quirements of section 4 of the Charities Act 2008 to have due regard to the public benefit guidance published by The Charity Commission for Northern Ireland. Aehievements and performance During the year we achieved our objectives by providing sports coaching and Bible teaching to chAldreD and young peopl¢ in looal schools and to those who att¢nd sessions in the evening and at weekend and by distributing Gospel literature in th¢ local are& Page 2
Shining Lights Trustees, Report Financial review Polty on raerves The Trustees of the charity hav¢ established a policy whereby the unrestricted fimds not committed or invested in tangible fixed &8sets ('the free reserves,) held by the charity should amount to between 2 and 6 Months worth of the resour¢¢s 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 eontinue the Current activities of the charity in the event of a si.¢mificant drop in nding) bowever At would obviously be n¢cessary to Consider how the fimding would be replaced or aclivities challged. At present the free reserves (which exclude designated funds), amount to £15,746 and are above thè Trustees, target range. The Trustees continu¢ to work towards maintaining their free reserves target. Going coneern The trustees assess whethcr the use of going concern is appropriate i.e. whetlier there ar¢ any material uncertainties related to uvents or conditions that may cast significant doubt on th¢ abilily of the charity to continue as a going coniern. The trustees make this ass¢ssment itt respect of a period of one year from the date of approval of the financial statsments. Th¢ nature of ndIng is such that Trus*es cannot be certain that projected future funding will materialise. At the time of approving the accounts, despite financial challenges and following assessment the Trustees have a reasonable expectation that the charity h&8 adequate r¢sources to coiitinue in operational existence for the fore8¢eable future, Thus the Trustees Continue to adopt the going concern basis of accounting in preparing these financial statcmcnts. Trustees and offieers The trustees and officers serving during the year and since the year end w¢re as follows.. Mr David M¢Currie Mr Ian Turk Trnstees.. Miss Carol Weatherall Structure? governance and management Nature ofgovernthg document The charity is controlled by its governing document, a deed of trust, and constitutes a limited company> by guarantee, as defined by the Companies Act 2006, limited Orgqnisadonalslructure The OTganisatAon is prxmarily managed by the board of Trustees, There are no employees. Page 3
Shining Lights Trustees, Report Financial instruments Objeclivu andpolieles The charity's activities expose it to a number of financial risks including credit risk, cash flow risk and liquidity risk. Th¢ use of fancial derivatives is gov¢rned by the charity's policies approved by the board of trugtees, which provide written principles on the use of financial derivatives to manage these risks. The charity does not use derivative financial instruments for speculative purposes. Cashflow risk The charity's activities expose it primarily to the financial risks of changes in foreign currency exchange rates and interest rates. The charity uses foreign exchange forward contracts and interest rate swap contracts to hedge these exposures. Interest bearing assets and liabilities are held at fixed rate to ensure certainty of cash flows. Credlt rtsk The ch&rity'S principal financial asscts are bank b81ances and Cash, trade and other receivables, and inve8tmcnts, The cliarity's credit ri8k is primarily attributable to its trade receivab1¢5. The amounts presented in the balan¢¢ sheet are net of allowances for doubt1 receivables. kn allowtince for impairment is made wheTe thvrc is an identified loss ¢vent which, based on previous experience. is ¢vidcnce of a reduction in the recoverability of the cash flows. The credit risk on liquid funds and derivative financial instruments is limited because the counteryjarties are banks with high credit-ratings assigned by international credit-rating agencies. The charity has no signifiLant concentration of credit risk, with exposure spread over a large number of counterparties and customers. Llquldity risk In order to maintain liquidity to ensure that sufficient fimds are available for ongoing operations and future developnients, the charity uses a mixture of long-terni and short-tenn debt finance. Furtlier details regarding Ixquidity risk can be found in the Stal¢rnent of accounting policies in the fmancial statements. Statement of trustees, responsibilitles The trustees (who are also the directors of Shining Lights. for the purposes of company law) arc responsible for preparing the trustees, report and th¢ financial stateinents in accordance with applicable law and United Kingdom Accounting Standards (Unxted Kingdom Generally Acc¢pted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ir¢land" The report and Accounts have been prepared Rn accordance with the provisions in the Companies Act 2006 relating to small companies. Company law requires the trnstees to prepare fm8ncial statements for each financial year. Under company law the trustees niust not approv¢ the financial statements unless they are satisfied that they give a trne and fair view of the state of affairs of the ch&t'itable company and of the incoming resowces and application of resources, including its income and ¢xpenditure, of the charitable company for that period. In preparing these financial staternentg, the trustees are r¢quired to: seleot suitable awounting policies and apply them consistently. observe the n]ethods and principles in the Charities SORP. make judgements and estimates that are reasonable and PTudent" state whether applicable accounting standards, comprising FRS 102 have been followe(L subject to any mat¢rial departure3 dis¢losed and explained in the financial statements" and Pag¢ 4
Shining Lights Trustees, Report prcpare the financial statements on th¢ going concerrt basis unless it AS inappropriate to presume that the charitabke company will continuc in business, Th¢ trustees are responsible for keeping proper accounting records that can disclose with reasonabl¢ accuracy at any time the fmancial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for fegUarding the assets of the charitable ompany and h¢nce for taking reasonabke steps for the prevention and detection of fraud and other irregularities, The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website, Legislation goven]ing the preparation and dissemination of fjnancial statements may differ from legislation in other jurisdictions, Small companRes provision statenient This report has been prepared in accordance with th¢ sntsll companies regime uThder the Companies Act 2006. The annual report was approved by the trustees of the charity on 28 February 2024 and signed on its behalf by: Mr David Mccurrie Trustee Page 5