Shining Lights Trnstees, Report The trustees, who are directors for the purposes of company law, present the annual Teport together with th¢ fJnan¢ial statements of the charitable company for the year ended 31 May 2024. Objectives and aetivities Obleds axdainLS Shining Lights rnn soccer training sessions in schools during school hours and after school hours. Shining Lights run soc¢er training sessions in the everrings and outdoor soccer matches on Saturdays from Sept¢mb¢r to May in Ballyclare for children aged seven and above. We train and ¢ncouiage men and women (nminty young men and women) in all aT¢as of sOtr coachin& building of chardcter and leadership 5kil]s. During the summer months wfft also ran soccer camps in Ireland and Spaio, In the Shining Lights C¢ntr¢, we run a Breal&ast Club on a weeldy basi4 a Commuoity Coffee morning monthly and a monthly Bibl¢ Study for thien- to sixteen-yearpolds. We have started a reconaect programme for the 16 plus age group on¢e a month. During the sumtner months we run soccer, hockey and mixed sports sun]m¢r CanS. The content of our programme involv¢s Bible teaching, buAlding of charact¢r, encourdgemenL wellbeing, fLthess training and teamwork. W¢ provide free Gospel literature available at the Shining Lights Centre and give out Gospel literatUTe to tbose who attend Shilimg Lights events. Our primary objectives are to slw¢ the Gospel of the Lord Jesus Cbrist to children'and young people in the local communty, provide Consistent Bible t¢achiDg and sports coathin Th¢ Truste¢s ar¢ greatjy appr¢¢i2tive of all the organisation's financial supporters and the ¢otrttnued support of d)eir members, without whos¢ help the dwity could not fulfil its charitable aims and objertAves. Public benefit Shining Lights m¢¢ts the public benefit r¢quir¢ment as follows: The direct benefits Mthich flow from the pUoSeS include the devekopm¢nt of sports based skills and improved health and fAtness; development of improved social skklls and the ability to engage in teamwork and ability to show l¢ad¢rship' developing an awarene to and an understanding of the Go5p¢I of th¢ Lord Jesus Christ and the B%i le. development of cjwacter - spiritually, morally, enwtionalKy and relationally, helping to live a more stable and fulfilled life. Shinlng Lights provides training to volunte¢rs thereby in¢re&sing their ability to provide voluntary servi¢e and leadership. Th¢ benefits resuFting from th¢ work of Shining Lights are improved health of participants; improvement An 80cial emotional and physi w¢llb¢ing of partAcipants' improved behaviour in tenns of their ability to Ilve a life that can posltively contribute to society. There is no harni arising from the purposes. Open to all mend)ers of the publi¢, but llminly ¢hildren aged sev¢n and above. No one gains a private benefit. The trustees confirn) that they have complied with the requirements of section 4 of the Charities Act 2008 to have due regard to the public benefit guidance published by Th¢ Charity Commission for Northern Ireland. Page 2
Shining Lights Trustees, Report Financial review Poliey on rLserves The Trustees of the charity have ¢stablished a poli whereby the unrestricted funds not wmmitted or investsd in tangible f¢d assets (kne free reserves,) held by the charity should amount to between 2 and 6 months worth of the resources expended which equatss to between £1.591 and £4,773 in general knds. At this level, the Trustees feel that they would be able to continue the Current activities of th¢ charity in the event of a significant drop in nding. however it would obviously be ne¢&ssary to consider how the fifftding would be replaced 01 activities changed. At present the free reserves (which exclude desigoat¢d fullds), amount to £23,243 and are above the Trustees, target range. The Thistees continue to work tow&rds maintsining thelr free reserves taTgeL Going Concern The trustees assess whether the use of going concern is appropriate i.e. whether there ar¢ aoy material uncertainties related to events or conditions that may cast significant doubt on the abilAty of the charity to continue as a going Concern. Th¢ trustees make this assessment in respect of a period of one year from the date of approval of the finau¢Aal statctnents. The nature of fimding is such that Trustees cannot be certain that Projected luTe fimding will nmterialise. At the time of approving the coUnts, despite financial challenges and following ass¢ssm¢nt th¢ Trustees have a r¢&sonabl¢ expectation that th¢ charity has adequale resources to continue in operational existsnce for th¢ foreseeable future. Thus the Trustees continue to adopt the going concern basis of acwunting in preparing tbese finall¢ial St&tsAts. Trustees and offieers The tteeS and officers serving during the year and since th¢ year end were as follows: Trust¢es: Miss Carol Weatherall Stephen Blair (appointed l November 2024) Mr lan Thrk Mr David Mccurrie (I¢si8ned l November 2024) Structure? governance and DnageMellt Natwe ofgoverning do¢ument The charity is ¢ontrolled by its governing docwnenL a deed of trus¢ and Constitlltes a limited company) limited by guarnntee, as defined by the Companies Act 2006. OTganisaÈionaistrncthre The organisatioll is primarity managed by the board of Tntst¢es. There are no employees. Page 3
Shining Lights Trustees, Report inan¢ial Instruments Objecllves andpollci The charity's activities expose it to a nullthr of fjnancial risks including credit risk cash flow risk and liquidty TAsk. The use of fancIal derivatives is governed by the charity's policies approved by the board of trustee whicb provid¢ written principIes on the use of financial derivatives to manag¢ these risks. The charÈty do¢s not use derivative financial instruments for speculative purposes. chj7OW rlsk The charity's artivities expose it PTimarity to th6 financial riski 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 ensuT¢ Certainty of fli)ws. Credti rlyk The charity's principal financial assets are bank balances and cash, trade and other receivables, and inveslments. The charity's credit risk is primarily attributable to its trade receivables. Tbe amouTLts preseTLtrd in the balance sheet are net of allowances for doubthl Teceivables. An allowance for in]pairnient is made where th¢re is an identified loss event whid4 based on previous experience, is evidence of a reduction in the recoverability of the cash flows. The credit risk on liquid funds and dffivative financial instruments is limited because the counterparties are banks with high credit-ratings assigned by international credit-rating agencies. Th¢ charity has no sibmificant concentratAon of Credit risk, with expos spread over a large number of ¢ountery)arti¢s aad ¢$tOmers. Liquidity ruk In ord¢r to maintain liquidity to ensure that sufficient fimds are available for ongoing operntions and futLW¢ d¢velopm¢nts, the charity us&$ a tiLixt of long-tenn and short-terni debÉ fUCe. Further detsils regarding liquidity r3sk can be found in the Statement of accounting policies in the fu1¢1a1 Statement of trustees, Mponsibijities The tntstees (who are also th¢ dire¢tors of Shining Llghts for the pwposes of company law) are responsibl¢ for preparing the trustees, rqKJrt aud th¢ financial statements in accordance with applicable law and Unitsd Kingdom Accounting Stand3rds (United Kingdom Generally Accepted Accounting Practic¢). including FRS 102 "The Finan¢iaL Reporting Standard applicable in th¢ UK and Republic of IreRalld°. The report and accounts have been prepared in accordance with the provisions in the Companies Act 2006 relating to small Companies. Company law requlres the trustees to prepar¢ fitwicial statements for each fJTLancial year. Under company law the trustees must not appTove the fiTrancia] statsments unlc&s they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources aud application of resources, including its income and expenditure, of the charAtable conwany for that period. Jn preparing these fu1claI statements, the trustees are required to: select suitabl¢ accounting policies and apply them consistent, observe the methods and principles in the Charlties SORP. make judgemcnts and estimates that are reasonable and prudent" state whether appIlble accounting standards, comprising FRS 102 have been followe(t subj¢¢t to any mat¢rial departures disclosed and explained in the fmancial staternents" and Page 4
Shillillg Lights Trnstses, Report prepare the fmancial statements on the going con¢¢m basis unless it As inappropriate to presutne that the charitable company will continue in business. The tntstees are responsibl¢ for keeping proper accounting records that can disclose with reallable accuTW at any time the financial Posktion of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable c(ytnpally and hence for taking reasonabje steps for the prevcntion and detsction of fraud and other i¢gUlarItieS. The truste£s are responsible for the maintenance and integrty of the coryorate and financial infonuation included on the charitable companls websits. IKgislation governing the preparation and diss¢mination of fmancial statements may differ from legislation in other jurisdictions. SRn&ll companies provision stat¢ment This report has been prepared in ac¢ordan¢e with the snrdll companies regime under the Compani¢5 Act 2006. The anllual report was approved by th¢ trustees of the charity on 24 February 2025 and signed on its behalf by. Stq)hen Blair Trustse Mr Ian Turk Trustee Page 5