COMPANY REGISTRATION NUMBER: N1654291
CHARITY REGISTrATION NUMBER: NIC108041
Equipping For Life Ltd
Company Limited by Guarantee
Unaudited Financial Statements
31 July 2023
Finegan Gibson Ltd
Chartered accountanls
Causeway Tower
9 James Street South
Belfast
BT2 8DN

Equipping For Llfe Ltd
Company Limlted by Guarantse
Flnanclal Statements
Year ended 31 July 2023
Page
Trustees, annual report (incorporatlng the directofs report)
Independent examinerf8 report to the trustee8
11
Statement of financial actlvltles (Including Income and
expenditure account)
13
Statement of financial position
14
Notes lo the financial statements
15

Equipping For Life Ltd
Company Limlted by Guarantee
Trustses. Annual Report (Incorporatlng the Dlrectorfs Report)
Year ended 31 July 2023
The trustees, who are also the directors for the purposes of company law, present their report and the
unaudited financlal statements of the charity for the year ended 31 July 2023.
Chalrfs report
This report covers our fifth year of operation.
Our ongoing partnership with local Primary Schools continues to grow and flourish with Equipping
Lrfe providing help with reading. tennis coaching and careers education (Inspire). We work in many
areas where deprivation has affected both achievement and aspiration and we partner with local
schools lo provide the best possible service lo the children the schools consider V￿uld benefit most
from the work. Equipping for Lrfe endeavours to provide as much support to the schools as possible
and our relationships with them are based on supportive and mutualty agreed objectiv&s. The children
we vnrk with in our Reading Programme benefft from development of their reading skills and also from
spending time on a one-to-one basls Nmth dedicated vOlunt￿r tutors. This year we provrded extensive
reading and play resources to each of our volunteer teams as well as appropriate training for using the
resources. Research shows that there are many benefrts for reading for children..
Are more likely to overcome disadvantage caused by inequalities.
Are more likely to be happier. heatthier and experience better mental wellbeing and self-esteern.
Are more likely to do better at school and make more progress across the curriculum.
Are more likely to develop empathy and creatlvity.
The qualty, experience and dedlcation of our volunteers are the main reasons why the work of
Equipping for Llfe Is valued by our partner schools. Our 130+ volunteers are recruited from churches
and. increasingly, from word of mouth through our volunteer communty and through the work of
Brother David. This year we have revamped our recruitment and training Pro￿dureS which has
improved Ihe induction experience of the new volunteers. During the year we were audited by
AccessNI and our procedures were commended as being not only fit for purpose, but being
exernplary. This is testament to the due diligence of Pat Hutchinson. Office Manager and Jennifer
I￿ryer, Volunteer Office Administrator.
We continue to expand into diffe￿nt areas and primary schools. During the year we increased the
number of partner schools to 23 and included one in North Belfast. ty￿ in East Belfast, four new
schools in South Antrim. two in Banbridge. three in Lisbum and one in Downpatrick. We have plans for
further partnerships in the corning year including in North Belfast, Lisburn, South Antrim. Mid-Antrim
and East Belfast.
The staffing contingent did not change throughout the year, arKI we continue to operate with 2.1 FTE.

Equipping For Life Ltd
Company Limitsd by Guarantse
Trustees. Annual Report (Incorporating the Directoffs Report) (conllnued)
Year ended 31 July 2023
Bro David, Equipping for Life's FourKler, continues to pray for and support the work of EfL through his
involvement as a Trustee. recruitmenl of volunteers donors. During the year Tommy Stewart
decided to resign from his role as a paid consultant for EquiDping for Lrfe and was elected as a new
Trustee. The Board of Trustees is very grateful for his considerable contr*•ution to the establishment
and subsequent success of EfL.
During Ihè ya8r we relaunched tyjr website www.
ui
forlrfe.or
.uk and social medB platfornis
(x. @Equipping4Lrfe & Faceboth, EquippingforLrfeNI). For the first four years of EfL's existence, Alan
Graham managed the website as a dedicated volunteer. We are indebted to Alan for his hard work
d creativity over the years which enabled the work of the volunteer5 to be publicised and celebrated.
Our fundraising actpiities continued su(£essfulty. require fmancial assistance to pay for staffing.
Offi￿ facilities, mini8tries and for general administralive overheads. We are indebted to a number of
individual donors and to trusts, who are ackncr*ledged later in this report. This year we atso
introduced a new donalion facilty. Stewardship, which provides a quick and uncomplicated online
platfomi for individuaL8 to give to the ￿)Ik of EIL.
The Readiro Programrre is the main outreach in Primary Schools and involves nearty 300 chiklren.
Over the last two years ¥￿ have also developed the Tennis prograrnme ￿ the Shankill Road which
involves introducing the children in eight Primary Schools to the sport of lennis. Our Tennis Coaches
and volunteers rotate around the schcM* throughout the year and provide basic tennis coaching. The
qualitative evaluation by the school Princyals remains 0ven*￿MilyJty positive.
Inspife. Equipping for Life's most recent innovative prcgramme. established in *tember 2022, has
the vision of inspiring the children of the Shankill to unlock their enormous Wential and help shape
their future wothng INes. For the 2022r23 programme we invofved over 850 children y￿th our
inaugural events at Wheaffield, Forth River and Glenwood Prirmy Schools. These events were only
possible bécause of the help and support of several businesses and individuals vtho gave so
generously of their ts'me and expertise. Our IK•pe is that a seed will be planted in the lives of these
young children. the next generation on the Shankill Road, and that these seeds will come to fruition as
the children progress in lrfe to achieve their full Wenlial.
Finally. I wish to Ihank our Board rnemt￿ for their Valuab￿ input arKI assistance. The Trustees
c￿ttInUe to erKleavour to provide good g0Veman￿ to the staff and volunteets of Equipping Llfe.
Gordon Bell
Chairperson
Equlpping for Life Ltd

Equipping For Life Ltd
Company Limited by Guarantee
Trustees. Annual Report (Incorporatlng the Dlrectovs Report) (conthiueo)
Year ended 31 July 2023
Reference and admlnlstrative details
Reglstered charlty name
Equipping For Life Ltd
Charlty registratlon number
NIC108041
Company reglstratlon number N1654291
Princlpal office and reglst•rod 9c Argyle Business Centre
offlca
North Howard Street
Belfast
BT13 2AP
The trustses
Patricia Hutchinson (Secretary)
Gordon Bell (Chairperson)
Dr Lavinia Boyce
Rev Colin James Duncan
Rev David Jardine (Founding
Director)
Suzanne Elizabeth Rebecca
McLean
Rachel Swift (Treasurer)
Thomas John Stewart
(Appointed 3 July 2023)
Independent examlner
Finegan Glbson Ltd
Causeway Towar
9 James Street South
Belfast
BT2 8DN

Equipping For Life Ltd
Company Limitsd by Guarantse
Trustees, Annual Report (Incorporating the Directorf8 Report) (￿n(In￿ed)
Year ended 31 July 2023
Structure, governance and management
Goveming document
The charity is a company limited by guarantee inco￿orated in the UK and ￿lStered in Northem
Ireland and governed by a Memorandum and Articles of Associats'on. The charitable company does
not have share capital. The liabilty of each member is limited to an amount not èxceeding £1 in the
event of a winding up. The charity's ￿gIstered office is given in the Referen￿ and Administrative
Details section of the Trustees, Report.
Govemance of th• eharftable company
During the period under rewew the trustees met 5 times, usualty at bi-monthly inteplals.
Trusteesldiractors are appointed by nominations, made in writing by any existing trustee. Nominated
trustees are appointed by election by existing trustees. The trustees have overall responsibility for the
organisation and for directing its activty. ensuring the charitable company is well run and delivering
the outcomes for which it has been set up. Rachel Swift has been Honorary Treasurer since 7
September 2021. Pat Hutchinson has been Honorary Secretary since 15 March 2022. Audrey Curry
was appointed Director of Equipping for Life on 1 October 2021. Audrey is responsible for the
management of the organisation, reporting to the Board at each meeting. Professional advice is
provided by Thomas Stewart.
Relatedpartles
All trustees and senior staff ￿mplete a conflict of interest register annually in respect of potential
transactions between Equipping for Life Ltd and its connected parties.
Paypollcy forsenlorstaff
The pay of senior staff is reviewed annually. In view of the nature of the charitable company. the
trustees benchmark agalnst pay levels in other communty organisalions working within the sector.
The trustees (who are also directors of Equipping for Life Ltd for the purposes of company law) are
responsible for preparing the Trustees, Report and the financial statemènts in accordance with
applicable law and United Kingdom Accounting Standards (UK GAAP).
Company law requires the directors to prepare financial Stat￿entS for each financial year which give
a true and fair view of the state of affairs of the charitable company and the incoming r&sources and
application of r&8ources. including the income and expendilure of the charitable company for that
period. In preparing these financial statements. the truslees are required to: 1. select suitable
accounting policies and then apply them consistently: 2. observe the methods and principlas in the
Charities SORP 2019 (FRS102); 3. make judgements and acc￿nting estimates that are reasonable
and prudent: 4. state whether applicable UK Accounting Standards have been followed, subject to any
material departures disclosed and explained in the financial statements. and 5. preparè the financral
statements on the going concern basis unless it is inappropriate to presume that the charitable
company wlll continue in operation.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and
explain the charitable company's transactions and disclose with reasonable accuracy at any time the
financial position of the charitable company and enable them to erisure that the financial statements

Equipping For Life Ltd
Company Limitsd by Guarantse
Trustees, Annual Report (Incorporatlng the Dlrectorfs Report) (¢onUn4n¢
Year ended 31 July 2023
compty with the Companies Act 2006. They are also responslble 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 Sntegrfty of the corporate and financial
Infom)ation included on the company's websrte.
Independent examlner
Finegan and Gibson vKre appointed as Accountants.
Small company pmvlslons
This report has been prepared In accordance with the 8peci81 provlslons of Part 15 of the Companies
Act 2006 relatSng to small companle8

Equipping For Life Ltd
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the DirectO￿S Report) (contlnuerf)
Year ended 31 July 2023
Objectives and activities
Vision: Young people and families equtpped and empowered., communities revitalised.
Mission: To equip people so they can futfii théir potentral.
Values: Faiih, Integrity, Equalty. Commitment and Hope.
The charitable company's legal objects as set out in its gov8ming document (Articles of Associatron)
are:
- The prevention or relief of povety;
- The advancement of education; arKI
- The advan￿ment of relvJion.
Its aims are:
1. To develop and refine w)lunleer enabled initiatives, that have measurable outputs and outcomes.
and are delivered, in partnership with schools, churches and communities in North and Vlest Belfast;
2. To explore the posslbllty and then expand into other areas. towns and cities through the application
of tried and tested volunteer enabled initiatives, in partnership with schools. churches and
communities.
3. To research and identify new opportunities, partnerships and initsatives through whtch volunteer
teams can assist young people. their families and their communities be equipped, empowered and
revitalised; and
4. To enable sound govemance, finance. administration and further development. Main Activities.
Projects. SeNtces:
- Promotion of EFL
- Recruitinent of volunteers
- Accéss Nl checking of volunteers
- Training of volunteers
- Placing volunteers in schools
- Volunt&r management
- Volunteer evaluation
Pilot employability support. in partnership with training organisations- Identify q)portunities to work in
partnership with communty cohesion initiatives- Governance of EFL
- Intemal and extemal communications
- Staff recruitment and training
- Financial rnanag￿nent of EFL
- Income generation
- Administration
Volunleers are sourced from local churches and other organisations, includlng schools and colleges
and through recruitment by existing volunteers.
Public benefft.
The trustees have complied with Ihe duty lo have due regard to Ihe Charity Commission for Northem

Equipping For Life Ltd
Company Limited by Guarantee
Truste8s' Annual Report (Incorporatlng the Dlrectorfs Report) (willnuedj
Year ended 31 July 2023
Ireland's statutory guidan￿ on the public benefit requirement issued under the Charities Act {Nl)
2008. The trustees believe that the charitable company provides a public benefft in a number of ways
through the undertaking of a range of projects.
s￿tegIC report
The following sections for achlevem8nts and performance and financlal reviaw fom the strategic
report of the charity.
A¢hievements and perforniance
In 202212023, the fifth year of operation:
1. 4 Meetings of Trustees during the year
2. 2 Meetings of Sub-committees during the year
3. Monthly Leadership meetings during the year
4. 5 Child Protection training sessions held for new volunteers.
5. 46 new volunleers recruited
6. 125 active volunteers working in schools end of Academic year 2023 with 12 more recruited in Juty
but not in schools
7. Number of partner schools incrnased to 23
8. Reading and play resources provided to each and existing Teams
9. 8 schools receiving free tennis coaching involving 2 tennis Coaches and 5 volunteers.
10. Regular contact maintained with all Head Teachers
11. Regular contact maintained with all Volunteer Tutors
12. 5 Training and r2lebration sessions hekl with Volunteers Tutors and Team Leaders, lunch
included
13. Contact made vEa weekly Zoorn prayer meetings
14. 5 Prayer events including 2 Prayer Weeks held during the year
15. Total number of supporting Prayer Partners 242 plus 125 Prawng Volunteer Tutors
16. Supported local 'Oasis Food Ban￿ w51h signfficant donatlons from tutors and Prayer Partners
17. Partnership with St Mathews in their Winter Coat appeal. excellent response
18. Website relaunched
19. Facebook and Twitter accounts relaunched with regular posts
20. 3 Inspire Days hosted in Greater Shankill Schools involving 850 child
21. Partnerships developed with over 30 businesses and indmduals who assisted at the Inspire Days

Equipping For Life Ltd
Company Limited by Guarantse
Trustses. Annual Report (Incorporating the Dlrectovs Report) (contknu
Year ended 31 July 2023
Financlal rnvléw
The results for the year are set ¢yJl on pages 12 to 13
The charitable company Incurred a dthit for tha year of £90,508 {2022: surplu8 £51.039). of which
£5,534 (2022:£12.132) was restricted.
R•saMs pollcy
The charitable companys ongoing pdicy is to retain a minimum level of reserves which matches the
needs of the organisation both at the current time and in the foreseeable futuro. The trustees wlll strive
to maintain reserves in the fuiure Suff￿lent lo rneet statutory obligations. committed expenditure. core
8alaries and running costs for a pwiod equivalent to 34 months annual expenditure.
The charitable corrpany wlll conlinuo io monitor cornplian¢8 w6th this pdicy on a regular basis and thè
Board will rewew the appropriateness of the poll¢y annually.
In addltlon to thls mlnlmum level of reserves, Equlpping for Lrfe Lld a8pire8 to build reserves for the
purposes of Strategic growth and developmenl in line with it8 Operational Plan as summarised under
"Plan8 for the future".
Free rewves are those unrestricted rese￿￿ n(rt designated. nor Kwested in r￿ed assets, which are
available for general use and which can be designated for the future developments. At 31 July 2023
their level was £24,936 (2022'.£203.531). Three to six monlhs, core salaries and running costs and
statutory
redundancy Ilabilities
would equats to
approxinHlely £28,858-£57,716
{2022.'£2O,31￿4O,6s8).

Equipping For Life Ltd
Company Llmited by Guarantee
Trustees, Annual Report (Incorporating the Directorfs Report) (eontknuets)
Year ended 31 July 2023
Plans for futurn perlods
Objectives:
1. Aim: To develop and refine voluntw enabbd iniliatsves. that have measurable outy)uts and
outcomes, and are delivered. in partnership ￿th schools, churches and communities in North and
West Belfast.
1.1 Greater Shankill collectlve apPr￿￿h to EFL volunteer led educatK)nal supwt
1.2 Further develop literacy support in prtmary schools
1.3 Explore further appropriate employabilty support for local primary schools
1.4 Pllot and develop a whole school partnership model
1.5 Explore and pilol communty education initiatsves in part￿rSh￿ Mth local groups and
organisatrons
2. Aim: To explore possibilty and then expand into other areas, t¢)wns and cities through the
application of tried and tested volunteer enabled inittatives, in partnership wilh schools, churches and
communities.
2.1 Continue to develop links with schools in Lksbum. East Belfast and Cwrickfwgus to enable
strong and stable partnerships to be establlstr￿d
2.2 Increase the nurnber of volunteer teams in dev•loprrtht ar￿$
2.3 Refine the recruilment, training and support procedures to enable new teams to provide more
effective mentoring in sclKM)Is
3. Aim: To research arKI identify opportunities. partnerships and inltiatives through which
volunteer teams can assist young peop￿. their fanilies and t￿1r communities be equipped,
empowered and revTlaiised.
3.1 Identify opportunities to Wofk in partnership with sctrmls, businesses and individuals to
empower Fximary aged children to develop irrto caring and effective adults
3.3 Build on the work done through the Inspire Days to enth schools to continue to devèlop their
careers provision and education
4. Aim: To enable Sound governance, finance. administration further develowient
4.1 Effective governance of EFL
4.2 Organisational handbook of required legal and owational related policies and procedures
4.3 Effective internal and external communications
4.4 Effective marketing IPRlmedia plan
4.5 Effective volunteer recruiiment and management
4.6 Effective staff and volunteer training plan
4.7 Effective financial management cfj EFL
4.8 Effective income generation strategy
4.9 EffectNe administration of EFL
4.10 Further development of EFL planr*d and modelled effectNely
4.11 Effective rnanage￿￿t of liaison with EFL centres

Equipping For Life Ltd
Company Limited by Guarantee
Trustses, Annual Report (Incorporating the Directorfs Report) {￿nI1￿ue
Year ended 31 July 2023
The trustees, annual report and the strategic report were approved on 27 February 2024 and signed
on behalf of the board of trustees by:
Rev David Jardine (Founding Director)
Trustee
Rathel Swfft (Treasurer)
Trustee
10

Equlpplng For Life Ltd
Company Limlted by Guarantee
Independent Examinerfs Report to the Trustees of Equlpplng For Llfa Ltd
Year ended 31 July 2023
I report to the trustees on my examination of the financial statements of Equlpplng For Llfe Ltd {Ihe
charity,) for the year ended 31 July 2023.
R88pon8lbl1ltl￿ and basls of report
A8 the trustees of the company (and also Its diractors for the purpo8e8 of company law) you are
responsible for the preparation of the financial statements In accordance with the requirements of
Charltles Act (Northem Ireland) 2008 (the '2008 Act,) and the Companies Act 2006 ('the 2006 Act,).
You are satisfied that the accounts of the company are not required by chanty or company law to be
audited and have chosen Instead to have an Independent examination.
Havlng satisfied ry88￿ that the accounts of the company are not requlred to be audited under Part 16
of the 2006 Act and are eligible for independent examination, I report In respect of my examlnatlon of
the charity's finanGbl Statements as carried out under Section 65 of the 2008 Act. In carying out my
examination I have followed the general Dlractlons glven by the Charity Commission for Northern
Ireland under sectlon 65{9)(b) of the 2008 A￿.
Independent examlnerf8 Statement
I have completed ry examination. I confirm that no matters have cwie to my attentbn In connection
with my examinatk)n glvlng me cau8e to belleve that In any materlal respe￿.
accounting re¢ord8 were not kept in re8pect of tha charty a8 requlred by sectlon 386 of the
2006 Act; or
the financial statements do not accord with those records; or
the financlal ststements do not comply with the accounttng requlrements of sectlon 396 of
the 2006 Act other than any requirement that the accounts give a 'tru8 and fairf view which
Is not a matter conskdered as part of an Independent examination; or
the financial 8tat8m8nt8 have not been prepared In accordance wilh the method8 and
principles of the Statement of Recommended Practlce for accounting and reporting by
charitles applicable to charlties preparlng their accounts in accordance with the Flnanclal
Reporting Standard applicable In the UK and Republic of Irel8fKI (FRS 102).

Equipping For Life Ltd
Company Llmltsd by Guarantee
Independent Examlnerfs Report to the Trustses of Equlpplng For Llfe Ltd
{￿ntInUe0?
Year ended 31 July 2023
I confirm that there are no other matters to which your attention shoutd be drawn lo enable a proper
understanding of the accounts to be reached.
Finegan Gibson Ltd
Independent Examiner
Causeway Tower
9 James Street Souih
Belfast
BT2 8DN
27 February 2024
12

Equipping For Life Ltd
Company Limited by Guarantse
Statement of Flnanclal Actlvltles
(including income and expenditure account)
Year onded 31 July 2023
2023
Restricted
funds Totsl funds Total funds
2022
Unrestricted
funds
In¢omo and ondowm•nts
Donatlons and legacies
Charitable activitles
Investment income
19,276
207
19,276
5,207
132,251
5,000
Total Income
19,483
5,000
24,483
132,295
Expondlture
Expenditure on charitable activitles
Total expondlture
{99,457)
(99,457)
(15,534) (114,991)
(15,534) (114.991)
(81,256)
(81.256)
Not {oxpendlturnVlncom• and nat
movement In funds
{79,974)
(10,534)
{90,508)
51,039
Reconclllatlon of fund8
Total funds brought forbvard
Total funds carrfed forward
206,430
126,456
13,040
2,506
219,470
128,962
168,431
219,470
The Stateme￿ of financlal actSvltle8 Include8 all galns and1088e8 recognised in the year.
All Income and expanditure derive from C¢)ntlnulng 8Ctivllies.
Tho noto8 on pages IS to 25 form part of the80 flnanclal statements.
13

Equipping For Life Ltd
Company Limited by Guarantee
Ststsment of Financlal Posltlon
31 July 2023
2023
2022
Flxed assets
Tangible fixed assets
15
1.520
2,839
Current assets
Debtors
Cash at bank and in hand
16
120
153,011
153.131
440
219,836
220,276
Creditors: amounts falling du• within one year
Net currnnt assets
17
25.689
3,645
127,442
128,962
128,962
216,631
219,470
Total assets1888 currnnt liabilitles
Net assets
219,470
Funds of the charlty
Restricted funds
Unrestrtcted funds
2.506
126,456
128,962
13.040
206,430
219.470
T¢)tsl charity fvnds
19
For the year ending 31 July 2023 the charity was entitled to exemption from audit under secllon 477 of
the Companies Act 2006 relating to small companies.
Diradors, responslbllitEs'.
The members have not required the company to obtain an audbt of ts financial statements for the
year in question in accordarrR with section 476;
The directors ackn￿￿edge their responsibllitles for complylng viith the requlrements of the Ad
with respect to accounting records and the preparakn'on of financial statements.
These financial statements have been prepared in accordan￿ wlth tha provisions applicable to
companies subject to the small companies, regime.
These finandal statements were approved by Ihe board of Iruslees and authorised for issue on 27
February 2024, and are signed on behalf of the board by:
Rev DavKI Jardine (Foundlng Dlrector)
Trustae
Rachel Swift (Treasurer)
Trustee
Tho notes on pages 15 to 25 forni part of the8e flnanclal 8tatsments.
14

Equipping For Life Ltd
Company Llmitsd by Guarantee
Notes to the Flnanclal Ststements
Year ended 31 July 2023
G•naral Infomiatlon
The charity Is a public benefft entty and a private cornpany limited by guarantee, registered In
Northern Ireland and a reglstered charity in Northem Ireland. The address of the registered office
1$ 9c Argyle Business Centre. North Howard Street. Belfast. BT13 2AP.
Statom•nt of compllance
These flnanclal Statements have been prepared In compllance wlth FRS 102, The Flnanclal
Reporting Standard appllcable In the UK and the Republ1¢ of Ireland,, the 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) (Charities
SORP (FRS 102)) and the Companies Act 2006.
Accourrtlng pollclefj
Ba818 of pr•paratlon
The financlal statements have been prepared on the hlstorical cost ba85s. as modified by the
revaluation of Certain financial assets and Ilabiliti88 and investment properties measured at fair
value through In¢om8 or expendfture.
The financSal Statements are prepared In starllng, whlch18 the functlonal currency of the entlty.
Golng concern
There are no materSal uncertalntle8 about the charlty8 abfllty to contlnue.
Judgom•nts and kay gourca8 of •8tlmatlon unc•rtalnty
Estlmates and judgements are conllnually evaluated and ere b888d on hSstorlcal experlence and
other factors. including expectation8 of future events that are believed to be reasonable under
the clrcumstances,
Critical judgements In applylng the entty's accountlng pollcles - There are no crltlcal ludgements
In applying the charitable company's accounting polrcies. Critical accounting estimates and
a88umptlons - There are no critical accountlng estlmates and assumptlons.
Fund accountlng
Unrestslcted funds are avaSlable for use at the discretion of the trustsas to further any of the
charlty's purposes.
Deslgnated funds are UnreStr￿ted fund8 earrnarked by the trustees for particular future prclect or
commitment.
Restricted funds are subjected to restrictions on thelr expenditure declared by the donor or
through the temis of an appeal. and fall into one of two sub-classes: restricted income funds or
endowment funds.
15

Equipping For Life Ltd
Company Llmlted by Guarantse
Notes to the Flnanclal Ststements {conthiued)
Year ended 31 July 2023
Accountlng pollcles (conthuedj
Incomlng resources
All incoming resources are included in the statement of financHI activities when entitlement has
passed to the chaiity; it is probable that the economic benefrts associated with the transaction
will flow to the charity and the amount can be reliably measured. The foll¢%iing specific policles
are applied to particular categories of income:
income from donations or grants is recognised when there is evidence of entitlement to the
gfft, receipt 5s probable and its amount can be measured reltably.
legacy income is recognised when receipt is probable and entitlement is eslablished.
income from donated goods is measured at the fair value of Ihe goods unless this is
impractical to measure reliably, In which case the value is derived from the cost to thè donor
or the estimated resale value. Donated facilities and services are recognised in the
accounts when received rf the value can be reliably measured. No amounts are included for
the contribution of general volunteers.
income from contracts for the supply of sep4ices is recognised with the delivery of the
contracted service. This is classffied as unrestricted funds unless there is a contractual
requirement for it to be spent on a particular purpose and returned rf unspent, in which case
It may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basts as a liability is incurred. Expenditure includes any
VAT which cannot be fully recovered. and is classified under headings of the statement of
financial activities to which it relates:
expenditure on raising funds indudes the costs of all fundraising actmties, events,
non-charitable trading activities, and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by a charity in undertaking
activities that further its charitable aims for the benefit of its beneficiaries. including those
support costs and costs relating to the governance of the charity apportioned to charitab
activtties.
other expenditure includes all expenditure that Is neither related to raising funds for the
charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories refiecting the use of the resource. Direct costs
attributable to a single activty are allocated directly to that activty. Shared costs are apportioned
between the actbvities they contribute to on a reasonable, justifiable and consistent basis.
Tanglble assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any
accumulated depreciation and impairnient losses. Any tangible assets carried at revalued
amounts are recorded at the fair value at the date of revaluation less any subsequent
accumulated depreciation and subsequent accumulated impalnnent k)sses.
16

Equipping For Life Ltd
Company Limlted by Guarantee
Notes to the Flnanclal Statsments (condnuedj
Year ended 31 July 2023
Accountlng pollcles {¢ontthueol
Tanglble assets (wthu¢dJ
An increase in the carrying amount of an asset as a result of a revaluatlon, Is recognlsed In other
recognised gains and losses, unless it reverses a charge for impainnent that has previously been
recognised as expenditure within the statemenl of financial activities. A decrease in the carrying
amount of an asset as a result of revaluation. is recognised in other recognised gains and losses,
except to which it offsets any previous revaluation gain, in which case the loss is slThvn within
0th6r recognised gains and losses on the statement of financial activities.
Depreclatlon
Depreciation is calculated so as to write off the cost or valuation of an assec less its residual
value, over the useful economic Ilfe of that asset as foll￿5.
Equipment
25% straight line
Impalmient of fixed assets
A review for indicators of impaimient is carried out at each reporting date, with the recoverable
amount being estimated where such indicators exist. Where the carrying value exceeds the
recoverable amount. the asset is impaired accordingly. Prior impairnienls are also reviewed for
possfole reversal at each reporting date.
For thè purpoges of impaimient testing. when It is not possible to ast￿nate the recovèrable
amount of an indNidual asset. an estimate is made of the recoverable amount of the
cash-generating unit to which the asset belongs. The cash-generating unit is the smallest
identifiable group of assets that includes the asset and generates cash inflows that largety
independent of the cash infiovK from other assets or groups of assets.
For irnpaimient testing of gooswill, the goodwill acquired in a busin&ss combination B, from the
acquisition date. allocated lo each of the cash-generating units that are expected to benefft frorn
the synergies of the combination, irrespective of whether other assets or liabilities of the charity
are assigned lo those units.
Flnanclal Instruments
A financial a&set or a financial liability is recogni8ed only when the Charity becomes a paty to the
contractual provistons of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including
any retated transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other
consideration expected to be paid or received and not discounted.
Debt fftstNments are subsequently measured at amortised cost.
17

Equipping For Life Ltd
Company Limited by Guarantee
Notes to the Financial Ststsments {¢onllnu
Year ended 31 July 2023
Accountlng pollclos {conllnued)
Flnanclal Instruments (conunued)
Whefe investments in shares are publicly traded or thèir fair value can otheThvise be measured
reliabty. the investment is subsequently measured at fair value wtth changes in fair value
recognised in income arKI expenditure. All other such investments are subsequently measured at
cost less impaimient.
Other financial instrumenls, including derivatives, are inttially recognised at fair value. unless
payment for an asset is deferred beyond nomial business temis or financed at a rate of interest
that is not a market rate, in which case the asset is measured at the present value of the future
payments discounted at a market rate of interest for a similar debt instrument.
Other financial instrument9 are subsequently measured at fair value. with any changes
recognised in the statement of financial activities, with the exception of hedging instnjménts in a
designated hedging relationshi).
Financial assèts that are measured at cost or amortised cost aré reviewed for objectiv& evidence
of impairment at the end of each reporting date. If there is objectNe evidence of impairment, an
impaimient loss is recognised under the appropriate heading in the statement of financial
activities in which the initial gain was recognised.
For all equty instruments regardless of Signif￿nce, and other financial assets that are
individually significant, these are assessed indi￿ldUallY for impaimient. Other financial assets are
either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impaiment are recognised immediately, to the extenl that the reversal does not
result in a carying amount of the financial asset that exceeds what the canying amount would
ha￿ been had the impaiment not previously been recognised.
Deflned contrfbutlon plans
Contributions to defined contribution plans are recognised as an expense in the period in which
the related servtce is provided. Prepaid contributions are recognised as an asset to the extent
that the prepayment will lead to a reduction in future payments or a cash ￿und.
When contributions are not expected lo be settled wholly wthin 12 months of Ihe end of the
reporting date in which the employees render the related service. the liabilty is measured on a
discounted present value basis. The unwinding of the discount is recognised as an expense in
the period in which it arises.
Limfted by guarantee
Equipping for Life is a company limited by guarantee and has no share capital. In the event of the
charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the
charity.
18

Equipping For Life Ltd
Company Llmited by Guarantse
Notes to the Flnanclal Statements (c¢7nthwdJ
Year ended 31 July 2023
Donations and lagacles
Unrestricted Restr￿ted Total Funds
Funds
Funds
2023
Donatlons
Donations
Ardbarron Trust
Donibristle Trust- Tennis
Ulster Garden Villages
10,276
10,276
9,000
19,276
19.276
Unrestrthd Restricted Total Funds
Furhts
Funds
2022
Donatlons
Donation8
Ardbarron Twst
Oonibrlstle Trust- Tennis
U18ter Garden Villages
7,151
1,100
8,251
9,000
105,000
10,000
132,251
85,000
10,000
111,151
20,000
21,100
Charltabl• actlvltlo8
Unre8trScted Restricted Tolal Fund8
Funds
Funds
2023
Ulster Gardon Village8
Sundry
5,000
5,000
207
207
207
5.000
5,207
Unrestrthd Restrkted Totsl Funds
Funds
Fund8
2022
Ulster Garden Willages
Sundry
Investment Incom•
UnreStiN￿ed Total Funds Unrestrlcted T¢Aal Funds
FurKIs
Funds
2022
Income from investments
19

Equipping For Life Ltd
Company Limited by Guarantee
Notss to the Flnancial Statements
Year ended 31 July 2023
Expenditure on charttable aGtlvftle¥ by fund type
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Charitable activities
Support costs
27.648
71.809
27.648
87,343
114.991
15,534
99,457
15,534
Unrestricted
Funds
Restricted Total Funds
Funds
2022
Charilable activitses
Support costs
2,539
69,749
72,288
11.507
69.749
8,968
81.256
Expendlture on charltable actlvltles by actlvfty type
undertaken
dire• Support costs
Total funds
2023
Tolal fund
2022
Charttable activitses
Govemance costs
27.648
85,531
1,812
113.179
1.812
80,056
1.200
27.648
87,343
114.991
81,256
10. Analysls of support costs
Anatysis of
support costs
activity 1 Total 2023 T￿al 2022
Staff costs
Premises
General ofte
Finance costs
69.780
4,984
69,780
4,984
5.846
1,364
5,861
87,835
51,684
4.822
4.680
1.363
7.200
69.749
5.861
87,835
11. Net (exp•ndfturnVlnc(xne
Net (expenditureyincome is stated after chargir￿1(credltlng).
2023
2022
Depreciati￿ of tsngible ￿ed assets
1.319
1.319

Equipping For Llfe Ltd
Company Llmlted by Guarantee
Notss to the Financlal Ststements
Year ended 31 July 2023
11 Independent examlnatlon fees
2023
2022
Fees payabb lo the 1rKIep￿d8nt examiner for.
Independent examination of the fir￿n¢la1 statements
1,200
13. Staff costs
The lotal staff costs and employee b￿efftS for the reporting per￿d are analysed as foll(Avs:
2023
2022
Wages and salaries
Employer contributions to pension plans
69.201
579
51,388
296
69.780
51.684
The avarage head count of employees duriNJ the year was 4 (2022: 3). The avera9e number of
employees during the year is anatysed as follm:
2023
No.
2022
No.
Part time equivalent
No employee received employee beneffts of more than £60.000 durirwJ ￿ year (2022: Nil).
Koy Management Polsonnel
Key management personnel include all persons that have authority and responsibility for
planning, directing and controlling the actrvitses of the charity. The total compensation paid to key
management personnel for Ser￿eS provided to the charity was £36.654 (2022:£34.632).
14. Tntstee remuneratkn and expenses
As a member of the ￿lety of Saint Franci5, Brother David Jardine (founder and trustee of
Equipping for Life Ltd) has taken a VI￿ of povety and is not in a receipt of a salary. He is paid
expenses by Equtpping for Life Ltd and in the year errfled 31 Juty 2023 received £139 {2022:£0},
£0 of which was from restri￿ received from this wrp05e (2022: £0).
th these exceptKins. there were no trustees, remuneratKJn, b￿erts or expenses for the year
ended 31 Juty 2023 and no tru81ee received paymènt for professional or other serVI￿S supplied
to the d￿ritable c(xnpany in the pericwj.

Equipping For Life Ltd
Company Llmitsd by Guarantee
Notss to the Flnancial Statements Ccothwd)
Year ended 31 July 2023
q5. Tangible fixed assets
Equlpment
Cost
At 1 August 2022 and 31 Juty 2023
Depreclatlon
At 1 August 2022
Charge for the year
At 31 Juty 2023
Carrylng amount
At 31 July 2023
At 31 July 2022
5,275
2.436
1,319
3,755
1,520
2,839
16. Debtors
2023
2022
120
Other debtors
120
17. Credltors: amounts falllng due wlthln one year
2023
2022
Accruals and deferred income
Social security and ¢ther Laxes
24.820
869
2.895
750
25.689
Pensions and other post retlrement beneffts
Dafined ¢ontrlbuti•)n plans
The amount recognised in income or expeThliture as an expense in ralation to defined
contribution plans vrds £579 {2022: £296).
22

Equipping For Life Ltd
Company Llmlted by Guarantee
Notes to the Flnanclal Ststements {Mnthiueal
Year ended 31 July 2023
19. Analysls of charltable funds
Unrestrlcted funds
At
1 August 202
At
Transfers 31 July 2023
In¢ome Expendlture
General funds
Designated Funds
156,430
50.000
206,430
19,483
(99,457)
{50,000)
50,000
26.456
100,000
126.456
19,483
(99,457>
At
1 AugU8t 202
Income Expandlture
Transfer8 31 July 2022
General funds
Deslgnated Funds
142,523
25,000
111,195
(72,288)
(25,000)
25.000
156.430
50.000
206,430
167,523
111,195
(72,288)
The Reading Programme is the core aspect of Equipping for LI￿'S worf( In the comrnunlty. Over
the past 18 months the number of schools partnering with EIL has almost trebled, wfth nearly 250
children per week havlng 30-minutes sessions with our Volunteer Tutors. These sessbns offer
invaluable opportunities for one-to￿ne reading and mentoring support to the children. £50,000
has been designated to enable the Reading Programme to continue th18 year.

Equipping For Life Ltd
Company Limited by Guarantee
Notss to the Flnanclal Statements {¢onthiu
Year ended 31 July 2023
19. Analy818 of charltable funds (Mn¢th4wdJ
Restrlcted funds
1 August 202
At
Tran8fer8 31 July 2023
Income Expenditure
Ardbarron Trust- books
Various- Parents, food
hampers
Dephne Hewitt- Tennis
Donibri8tle Trust- Tenn18
Ulster Garden Villages-
salarfe$ & rent
621
621
12.419
{10,534)
1,885
5,000
5.000
(5,000)
(15,534)
13.040
2,506
1 August 202
At
Transfers 31 July 2022
Incorne Expenditure
Ardbarron Trust- book8
Varlous- Parents, food
hamper8
Dephno Hewrtt- Tennis
Donlbrlstle Trust- Tenni8
U18ter Garden Village8-
salarles & rent
287
100
(387)
e21
621
1,000
20,000
(1,000)
(7,581)
12,419
21.100
(8,968)
13,040

Equipping For Life Ltd
Company Limlted by Guarantee
Notes to the Financial Ststsments
Year ended 31 July 2023
20. Anatysis of not assets between funds
Unrestri￿￿ Restricted Total Funds
Funds
Funds
2023
Tangible fixed assds
Current assets
Creditors less than 1 y&qr
Net assets
1.520
145.625
(25.689)
121.456
1.520
153.131
(25,689)
128.962
UnRstricled
FurKIs
Restricled Totsl Funds
Funds
2022
Tangible fixed assds
Current assets
Creditors less than 1 year
Net assets
2.839
207.236
(3,645)
206.430
2,839
220.276
{3,645)
219.470
13,040
13.040
The charitable company beneffts from the corrtribulion of unpaKI volunteers. including Volunteer
Tutors. Their contribution is not accounted for due to the lad( of a reliabb basis of measurement.
The tutors, training is provKled intemally. suppl￿￿nted by training provided free ol charge by
NICVA and churches.
The charitable c￿￿panY also benefts from the maintenance of ts website by Alan
Graham. a volunteer who has gained some eXPer￿ce in this area.
25

Equipping For Life Ltd
Company Limited by Guarantee
Management Infonnation
Year ended 31 July 2023
The following pages do not forni part of the financial statwnents.
26

Equipping For Life Ltd
Company Limited by Guarantee
Detailed Statement of Financial Activities
Year ended 31 July 2023
2023
2022
Income and endowments
Donatlons and legacles
Donations
Ardbarron Trusl
Donibristle Trust- Tennis
Ulster Garden Willages
10,276
8.251
9,000
105,0
10.000
19.276
132.251
Charltablè actlvltles
Ulster Garden Villages
Sundry
5.000
207
5.207
Investment Income
Income from investments
Total Income
24.483
132.295
27

Equipping For Life Ltd
Company Llmited by Guarantee
Notes to the Detalled Statement of Flnancial Activities
Year ended 31 July 2023
2023
2022
Expendlture on charStable actlviti08
Charftable acllvltles
Actlvitles undertaken dlrnctly
Activity costs - restricted lennis
Activity costs - restrtcted
Actlvlty costs - unrestricted
Brother David expenses
Marketlng, Publicity and Fundraising
Stsff expense8
10,459
8,581
1.008
1.918
11,445
139
5,253
352
27,648
11.507
Support Costs
S818des and penslon
Pension c08ts
Rent
Heat & Light
Subscrlptlons
Insurance
Prlnting and Statlonery
Postage
Office equSpment
General expenses
Govemance c08t8
Telephone
Bank charge8
Depreciation
Consultancy fee8
Training
Broadband
Repairs and Maintenance
69,201
579
3,570
51.388
296
3,570
469
190
803
810
624
851
215
1,502
573
1,512
45
1,319
4,000
43
1,319
6,000
233
240
330
85,531
68,549
Governanc• co8t8
Govemance costs - accountancy fees
1,812
1,200
Expendltur• on charltablo actlvltleg
114.991
81,256
29