Company registration number: NI646046 Charity registration number: NIC107764
Shining Lights
(A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 May 2025
Hopper & Co 6 Doagh Road Ballyclare Co Antrim BT39 9BG
Shining Lights
Contents
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|---|---|---|---|---|
|Reference|and Administrative|Details|j|
|Trustees’|Report|2 to5|
|Independent Examiner's|Report|6|
|Statement|of|Financial|Activities|7|
|Balance|Sheet|8|to|9|
|Notes to the Financial|Statements|10 to|19|
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Shining Lights
Reference and Administrative Details
Trustees Miss Carol Weatherall Stephen Blair Mr fan Turk Charity Registration Number NIC107764 Company Registration Number NI646046 The charity is incorporated in Northern Ireland. Registered Office 105 Hillhead Road Ballyclare Co. Antrim BT39 9LN Independent Examiner Hopper & Co 6 Doagh Road Ballyclare Co Antrim BT39 9BG
Page 1
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 2025.
Objectives and activities
Objects and aims
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 September to May in Ballyclare for children aged seven and above.
We train and encourage men and women (mainly young men and women) in all areas of soccer coaching, building of character and leadership skills.
During the summer months we also ran soccer camps in Ireland and Spain.
In the Shining Lights Centre, we run a Breakfast Club on a weekly basis, a Community Coffee moming monthly and a monthly Bible Study for thirteen- to sixteen-year-olds. We have started a reconnect programme for the 16 plus age group once a month.
During the summer months we man soccer, hockey and mixed sports summer camps. The content of our programme involves Bible teaching, building of character, encouragement, wellbeing, fitness training and teamwork.
We provide free Gospel literature available at the Shining Lights Centre and give out Gospel literature to those who attend Shining Lights events.
Our primary objectives 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 Trustees are greatly appreciative of all the organisation’s financial supporters and the continued support of their members, without whose help the charity could not fulfil its charitable aims and objectives.
Public benefit
Shining Lights meets the public benefit requirement as follows: The direct benefits which flow from the purposes include the development of sports based skills and improved 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; development of character ~ spiritually, morally, emotionally and relationally, 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 of participants; improved behaviour in terms of their ability to live a life that can positively contribute to society.
There is no harm arising from the purposes. Open to all members of the public, but mainly children aged seven and above. No one gains a private benefit.
The trustees confirm 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 The Charity Commission for Northern Ireland.
Page 2
Shining Lights
Trustees’ Report
Financial review
Policy on reserves
The Trustees of the charity have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets (‘the free reserves’) held by the charity should amount to between 2 and 6 months worth of the resources expended which equates to between £1,591 and £4,773 in general funds. At this level, the Trustees feel that they would be able to continue the current activities of the charity in the event of a significant drop in funding; however it would obviously be necessary to consider how the funding would be replaced or activities changed. At present the free reserves (which exclude designated funds), amount to £23,243 and are above the Trustees’ target range. The Trustees continue to work towards maintaining their free reserves target.
Going concern The trustees assess whether the use of going concern is appropriate ie. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees make this assessment in respect of a period of one year from the date of approval of the financial statements.
The nature of funding is such that Trustees 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 has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing these financial statements.
Trustees and officers
The trustees and officers serving during the year and since the year end were as follows:
Trustees: Miss Carol Weatherall Stephen Blair (appointed 1 November 2024) Mr Tan Turk Mr David McCurrie (resigned 1 November 2024)
Structure, governance and management
Nature ofgoverning document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Organisational structure
The organisation is primarily managed by the board of Trustees.
There are no employees.
Page 3
Shining Lights
Trustees' Report
Financial instruments
Objectives andpolicies
The group's activities expose it to a number of financial risks including credit risk, cash flow risk and liquidity risk. The use of financial derivatives is governed by the group’s policies approved by the board of trustees, which provide written principles on the use of financial derivatives to manage these risks. The group does not use derivative financial instruments for speculative purposes.
Cash flow risk
The group’s activities expose it primarily to the financial risks of changes in foreign currency exchange rates and interest rates. The group 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.
Credit risk
The group’s principal financial assets are bank balances and cash, trade and other receivables, and investments. The group’s credit risk is primarily attributable to its trade receivables. The amounts presented in the balance sheet are net of allowances for doubtful receivables. An allowance for impairment is made where there is an identified loss event which, based on previous experience, is evidence of a reduction in the recoverability of the cash flows. The credit risk on liquid funds and derivative financial instruments is limited because the counterparties are banks with high credit-ratings assigned by international credit-rating agencies. The group has no significant concentration of credit risk, with exposure spread over a large number of counterparties and customers.
Liquidity risk
In order to maintain liquidity to ensure that sufficient funds are available for ongoing operations and future developments, the group uses a mixture of long-term and short-term debt finance. Further details regarding liquidity risk can be found in the Statement of accounting policies in the financial statements.
Statement of trustees’ responsibilities
The trustees (who are also the directors of Shining Lights for the purposes of company law) are responsible for preparing the trustees’ report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". The report and accounts have been prepared in accordance with the provisions in the Companies Act 2006 relating to small companies.
Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless 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 and application of resources, including its income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:
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° select suitable accounting policies and apply them consistently;
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¢ observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards, comprising FRS 102 have been followed, 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 charitable company will continue in business.
The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial 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 safeguarding the assets of the charitable company and hence for taking reasonable 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 governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small companies provision statement This report has been prepared in accordance with the small companies regime under the Companies Act 2006.
The annual report was approved by the trustees of the charity on 13 February 2026 and signed on its behalf by:
Miss Carol Weatherall Trustee
Ste phen Glare Stephen Blair Trustee
Mr Jan Turk Trustee
Page 5
Shining Lights
Independent Examiner's Report to the trustees of Shining Lights (‘the Company’)
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 May 2025.
Responsibilities and basis of report
As the charity’s trustees of Shining Lights (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of Shining Lights are not required to be audited under Part 16 of the 2006 Act and are eligible 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 (Northern Ireland) 2008 (‘the 2008 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 65(9)(b) of the 2008 Act.
Independent examiner’s statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of Shining Lights as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or
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4, the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)}].
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
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<S) FCA
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Chartered Accountants Ireland
6 Doagh Road Ballyclare Co Antrim BT39 9BG
13 February 2026
Page 6
Shining Lights
Statement of Financial Activities for the Year Ended 31 May 2025 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)
| Unrestricted funds |
Restricted funds |
Restricted funds |
Total 2025 |
|||
|---|---|---|---|---|---|---|
| Note | £ | £ | £ | |||
| Income and Endowments from: | ||||||
| Donations andlegacies | 3 | 22,507 | - | . | 22,507 | |
| Othertradingactivities | 4 | 2,212 | - | 2,212 | ||
| Totalincome | 24,719 | - | 24,719 | |||
| Expenditure on: Charitable activities |
5 | (13,840) | (128) | (13,968) | ||
| Total expenditure | (13,840) | (128) | (13,968) | |||
| Netincome/(expenditure) | 10,879 | (128) | 10,751 | |||
| Netmovement in funds | 10,879 | (128) | 10,751 | |||
| Reconciliation offunds | ||||||
| Total funds broughtforward | 26,044 | 255 | 26,299 | |||
| Total funds carried forward | 13 | 36,923 | 127 | 37,050 | ||
| Unrestricted funds |
Restricted funds |
Total 2024 |
||||
| Note. | £ | £ | £ | |||
| Income andEndowments from: | ||||||
| Donations and legacies | 3 | 16,243 | - | 16,243 | ||
| Othertrading activities | 4 | 397 | - | 397 | ||
| Total income | 16,640 | “ | 16,640 | |||
| Expenditure on: Charitable activities |
5 | (9,546) | (128) | (9,674) | ||
| Total expenditure | (9,546) | (128) | (9,674) | |||
| Netincome/(expenditure) | 7,094 | (128) | 6,966 | |||
| Netmovement in funds | 7,094 | (128) | 6,966 | |||
| Reconciliation offunds | ||||||
| Total funds brought forward | 18,950 | 383 | 19,333 | |||
| Totalfundscarriedforward | 13 | 26,044 | 255 | 26,299 |
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2024 is shown in note 13.
The notes on pages 10 to 19 form an integral part of these financial statements. Page 7
Shining Lights
(Registration number: NI646046) Balance Sheet as at 31 May 2025
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|---|---|---|---|---|---|
|2025|2024|
|Note|£|£|
|Fixed|assets|
|Tangible|assets|9|1,236|2,411|
|Current|assets|
|Debtors|10|2,756|644|
|Cash|at bank|and in hand|ll|33,598|23,784|
|36,354|24,428|
|Creditors: Amounts|falling due within one year|12|(540)|(540)|
|Net current|assets|35,814|23,888|
|Net|assets|37,050|26,299|
|Funds|of the|charity:|
|Restricted|income|funds|
|Restricted|funds|127|255|
|Unrestricted|income|funds|
|Unrestricted|funds|36,923|26,044|
|Total funds|13|37,050|26,299|
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For the financial year ending 31 May 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to sraall companies.
Directors’ responsibilities:
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The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These financial 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 Act 2006.
The notes on pages 10 to 19 form an integral part of these financial statements. Page 8
Shining Lights
(Registration number: NI646046) Balance Sheet as at 31 May 2025
The financial statements on pages 7 to 19 were approved by the trustees, and authorised for issue on 13 February 2026 and signed on their behalf by:
Miss Carol Weatherall Trustee
Stephen Yaie Stephen Blair Trustee
Me Ian Turk Trustee
The notes on pages 10 to 19 form an integral part of these financial statements. Page 9
Shining Lights
Notes to the Financial Statements for the Year Ended 31 May 2025
1 Charity status The charity is limited by guarantee, incorporated in Northern Ireland, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation. The address of its registered office is: 105 Hillhead Road Ballyclare Co. Antrim BT39 9LN These financial statements were authorised for issue by the trustees on 13 February 2026.
2 Accounting policies
Summary of significant accounting policies and key accounting estimates The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). They also comply with the Companies Act 2006 and Charities Act (Northern Ireland) 2008.
Basis of preparation
Shining Lights meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
Going concern
The financial statements have been prepared on a going concern basis.
The trustees assess whether the use of going concern is appropriate ie. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees make this assessment in respect of a period of one year from the date of approval of the financial statemenis.
xemption from preparing a cash flow statement
The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.
,
Income and endowments
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.
Page 10
Shining Lights Notes to the Financial Statements for the Year Ended 31 May 2025
Donations and legacies
Donations are recognised when the charity has been notified in writing of both the amount and setilement date. In the event that a donation is subject to conditions that require a Jevel of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.
Expenditure Ali expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Support costs
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the 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 compliance with constitutional and statutory requirements, including audit, strategic management and trustees meetings and reimbursed expenses.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 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 taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Tangible fixed assets
Individual fixed assets costing £100.00 or more are initially recorded at cost.
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class Depreciation method and rate Fixture and Fittings 20% Straight Line
Page 11
Shining Lights Notes to the Financial Statements for the Year Ended 31 May 2025
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Fund structure
Unrestricted income funds are genera! funds that are available for use at the trustees discretion in furtherance of the objectives of the group.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
Financial instruments
Classification
Financial assets and financial liabilities are recognised when the group becomes a party to the contractual provisions of the instrument. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the group after deducting all of its liabilities.
Page 12
Shining Lights
Notes to the Financial Statements for the Year Ended 31 May 2025
Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the group intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Financial 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 group transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the group, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.
Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.
Page 13
Shining Lights
Notes to the Financial Statements for the Year Ended 31 May 2025
Debt instruments
Debt instruments which meet the following conditions are subsequently measured at amortised cost using the effective interest method:
(a) The contractual return to the holder is (i) a fixed amount; (ii) 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 provide for repayments of the principal or the return to the holder (but not both) to be linked to a single relevant observable index of general price inflation of the currency in which the debt instrument is denominated, provided such links are not leveraged.
(c) The contract may provide for a determinable variation of the return to the holder during the life of the instrument, provided that (i) the new rate satisfies condition (a) and the variation is not contingent on future events other than (1) a change of a contractual variable rate; (2) to protect the holder against credit deterioration of the issuer; (3) changes in levies applied by a central bank or arising from changes in relevant taxation or law, or (ii) the new rate is a market rate of interest and satisfies condition (a).
(4) There is no contractual provision that could, by its terms, result in the holder losing the principal amount or any interest attributable to the current period or prior periods.
(e) Contractual provisions that permit the issuer to prepay a debt instrument or permit 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 deterioration of the issuer or a change in control of the issuer, or to protect the holder or issuer against changes in levies applied by a central bank or arising from changes in relevant taxation or law.
(f) Contractual provisions may permit the extension of the term of the debt instrument, provided that the return to the holder and any other contractual provisions applicable during the extended term satisfy the conditions of paragraphs (a) to (c).
Debt instruments that are classified as payable or receivable within one year on initial recognition and which meet the above conditions are measured at the undiscounted amount of the cash or other consideration expected to be paid or received, net of impairment.
.
With the exception of some hedging instruments, other debt instruments not meeting these conditions are measured at fair value through profit or loss.
Commitments to make and receive loans which meet the conditions mentioned above are measured at cost (which may be nil) less impairment.
Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through profit or loss, Where fair value cannot be measured reliably, investments are measured at cost less impairment.
Investments in subsidiaries and associates are measured at cost less impairment. For investments in subsidiaries acquired for consideration including the issue of shares qualifying for merger relief, cost is measured by reference to the nominal value of the shares issued plus fair value of other consideration. Any premium is ignored.
Page 14
Shining Lights
Notes to the Financial Statements for the Year Ended 31 May 2025
Derivative financial instruments
The group uses derivative financial instruments to reduce exposure to foreign exchange risk and interest rate movements. The group does not hold or issue derivative financial instruments for speculative purposes.
Derivatives are initially recognised at fair value at the date a derivative contract is entered into and are subsequently remeasured to their fair value at each reporting date. The resulting gain or loss is recognised in statement of financial activities immediately unless the derivative is designated and effective as a hedging instrument, in which event the timing of the recognition in statement of financial activities depends on the nature of the hedge relationship.
Fair value measurement
The best evidence of fair value is a quoted price for an identical asset in an active market. When quoted prices are unavailable, the price of a recent transaction for an identical asset provides evidence of fair value as long as there has not been a significant change in economic circumstances or a significant lapse of time since the transaction took place. If the market is not active and recent transactions of an identical asset on their own are not a good estimate of fair value, the fair value is estimated by using a valuation technique.
3 Income from donations and legacies
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||||||
|---|---|---|---|---|
|Unrestricted|
|funds|Total|
|General|funds|
|£|£|
|Donations|and|legacies;|
|Donations|from|individuals|20,395|20,395|
|Gift aid reclaimed|2,112|2,112|
|Total for 2025|22,507|22,507|
|Total for 2024|16,243|16,243|
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4 Income from other trading activities
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|||||
|---|---|---|---|
|Unrestricted|
|fands|Total|
|General|funds|
|£|£|
|Trading|income;|
|Sales of goods and|services|2,212|2,212|
|Total for 2025|2,212|2,212|
|Total for 2024|397|397|
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Page 15
Shining Lights
Notes to the Financial Statements for the Year Ended 31 May 2025
5 Expenditure on charitable activities
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|||||||
|---|---|---|---|---|---|
|Unrestricted|
|funds|Restricted|Total|
|General|funds|2025|
|Note|£|£|£|
|Youth|Sports Program (YSP)|8,771|-|8,771|
|Allocated|support costs|6|4,495|128|4,623|
|Governance|costs|6|574|-|574|
|13,840|128|13,968|
|Unrestricted|
|funds|Restricted|Total|
|General|fands|2024|
|Note|£|£|£|
|Youth|Sports Program (YSP)|6,025|-|6,025|
|Allocated|support costs|6|2,959|128|3,087|
|Governance|costs|6|562|-|562|
|9,546|128|9,674|
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2025 £ 2024 £
In addition to the expenditure analysed above, there are also governance costs of £574 (2024 - £562) which relate directly to charitable activities. See note 6 for further details.
6 Analysis of governance and support costs
Governance costs
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|||||||
|---|---|---|---|---|---|
|Unrestricted|
|funds|Total|
|General|funds|
|£|£|
|Independent|examiner|fees|
|Examination|of the|financial|statements|540|540|
|Legal|fees|34|34|
|Total|for 2025|574|574|
|Total|for 2024|562|562|
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Page 16
Shining Lights
Notes to the Financial Statements for the Year Ended 31 May 2025
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7 Independent examiner's remuneration
Examination of the financial statements
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2025 2024
£ £
540 540
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Page 17
Shining Lights
Notes to the Financial Statements for the Year Ended 31 May 2025
8 Taxation
The charity is a registered charity and is therefore exempt from taxation.
§ Tangible fixed assets
| § Tangible fixedfixed assets |
||
|---|---|---|
| Furniture and | ||
| equipment | Total | |
| £ | £ | |
| Cost | ||
| At 1 June 2024 | 5,879 | 5,879 |
| At 31May2025 | 5,879 | =i879 |
| Depreciation | ||
| At 1 June 2024 | 2,292 | 2,292 |
| Charge fortheyear | 2,351 | 2,351 |
| At 31 May 2025 | 4,643 | 4,643 |
| Net bookvalue | ||
| At31May2025 | 1,236 | 1,236 |
| At31May2024 | 3,587 | 3,587 |
| 10 Debtors | ||
| 2025 | 2024 | |
| £ | £ | |
| Other debtors | 2,756 | 644 |
| 11 Cash andcash equivalents | ||
| 2025 | 2924 | |
| £ | £ | |
| Cash at bank | 33,598 | 3,784 |
| 12 Creditors: amounts falling duewithinoneyear | ||
| 2025 | 2024 | |
| £ | £ | |
| Accruals | 540 | $40 |
| 13Funds |
Page 18
Shining Lights
Notes to the Financial Statements for the Year Ended 31 May 2025
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|||||||
|---|---|---|---|---|---|
|Balance|at|1|Incoming|Resources|Balance at 31|
|June 2024|resources|expended.|May 2025|
|£|£|£|£|
|Unrestricted|funds|
|General|26,044|24,719|(13,840)|36,923|
|Restricted|funds|255|-|(128)|]27|
|Total funds|26,299|24,719|(13,968)|37,050|
|Balance|at 1|Incoming|Resources|Balance at 31|
|June|2023|resources|expended|May 2024|
|£|£|£|£|
|Unrestricted|funds|
|General|18,950|16,640|(9,546)|26,044|
|Restricted|funds|383|~|(128)|255|
|.|
|Total funds|19,333|16,640|(9,674)|26,299|
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The specific purposes for which the funds are to be applied are as follows:
Equipment & Resources funding - A legacy received to buy equipment and resouces to undertaken direct activities of the charity
14 Analysis of net assets between funds
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|||||||
|---|---|---|---|---|---|
|Unrestricted|Total funds at|
|funds|Restricted|31 May|
|General|funds|2025|
|£|£|£|
|Tangible|fixed|assets|1,108|128|1,236|
|Current assets|33,598|-|33,598|
|Current|liabilities|(540)|-|(540)|
|Total|net|assets|34,166|128|34,294|
|Unrestricted|Total funds|at|
|funds|Restricted|31 May|
|General|funds|2024|
|£|£|£|
|Tangible|fixed|assets|2,156|255|2,411|
|Current assets|23,784|-|23,784|
|Current|liabilities|(541)|-|(541)|
|Total|net assets|25,399|255|25,654|
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15 Related party transactions
Page 19