COMPANY REGISTRATION NUMBER: N1654291
CHARITY REGISTRATION NUMBER: NIC108041
Equipping For Life Ltd
Company Limited by Guarantee
Unaudited Financial Statements
31 July 2024
Finegan Gibson Ltd
Chartered accountants
Causeway Tower
9 James Street South
Belfast
BT2 8DN

Equipping For Life Ltd
Company Limited by Guarantee
Financial Statements
Year ended 31 July 2024
Page
Trustees, annual report (incorporating the directorfs report)
Independent examiner's report to the trustees
11
Statement of financial activities (including income and
expenditure account)
13
Statement of financial position
14
Notes to the financial statements
15

Equipping For Life Ltd
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report)
Year ended 31 July 2024
The trustees, who are also the directors for the purposes of company law, present their report and the
unaudited financial stalements of the charity for the year ended 31 July 2024.
Chair's report
This report covers our sixth year of operation.
Our partnerships with a growing number of local Primary Schools continues to increase and prosper
with Equipping for Life 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 to provide the best possible service to the children the schools consider
would benefit most from the work. Equipping for Life endeavours to provide as much support to the
schools as as possible and our relationships wilh them are based on supportive and mutually agreed
objectives. The children we work wilh in our Reading Programme benefit from development of their
reading skills and also from spending time on a one-to-one basis with dedicated volunteer tutors. We
continue to provide 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 benefits for
reading for children:
Are more likely to overcome disadvantage caused by inequalities.
Are more likely to be happier, healthier and experience better mental wellbeing and self-esteem.
Are more likely to do better at school and make more progress across the curriculum.
Are more likely to develop empathy and creativity.
The wisdom, experience and dedication of our volunteers are the main reasons why the work of
Equipping for Life is valued by our partner schools. Our 150+ volunteers are recruited from churches
and, increasingly, from word of mouth through our volunteer community. We continue to refine our
recruitment and training procedures to improve the induction experience of the new volunteers. EfL
follows the advice and guidance of AccessNI and keeps its procedures in line with recommended best
practice. We continue to expand into different areas and primary schools. During the year we
increased the number of partner schools to 27 including North Belfast, East Belfast and Lisburn. We
have plans to develop further partnerships in the coming year including in Lisburn, South Antrim.
East-Antrim. East Belfast and Armagh. The staffing conlingent did not change throughout the year.
and we continue to operate with 2.2 Full Time Equivalent staff. Bro David Jardine. Equipping for
Life's Founder, continues to pray for and support the work of EfL through his involvemenl as a
Trustee, recruitment of volunteers and donors. Mr Gordon Bell, who served as Chair of the Board of
Trustees for 5 years stood down at the start of 2024. The Trustees and staff are very grateful for his
wise and dedicated service. During the year Mrs Rosemary Wilson joined the Board as an advisor.
Our fundraising activities continued successfully with sustainability and strategic planning being key

Equipping For Life Ltd
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) fcontlnued)
Year ended 31 July 2024
issues for the Trustees. We require financial assistance to pay for staffing. office facilities, ministries
and for general administrative overheads. We are indebted to a number of individual donors and to
trusts, who are acknowledged later in this report. God has been very faithful to Equipping for Life and
we owe any success to Him. The Reading Programme continues to be the main outreach in Primary
Schools and involves over 300 children. Over the last four years we have also developed the Tennis
programme in North Belfast. This involved introducing Ihe children in eight Primary Schools to the
sport of tennis. Our Tennis Coach and volunteers rotate around the schools throughout the year and
provide basic tennis coaching. The qualitative evaluation by the school Principals remains
overwhelmingly positive.
The Inspire Programme, established in September 2022. has the vision of inspiring the children of the
Shankill to unlock their potential and help shape their future working lives. For the 2023124 programme
we involved aboul 400 children with events at Edenbrooke and Malvern Primary Schools. A5 was the
case in the previous year, these events were only possible because of the help and support of several
businesses and individuals (Inspire Facilitators) who gave so generously of their time and expertise.
Inspire Facilitators, pupil and staff evaluations were oveNhelmingly positive= 95% of the Inspire
Facilitators (who responded) strongly agreed that this was an excellent learning opportunity for the
children- almost 90 % of the pupils (who responded) indicated at the end of the Inspire Day, that they
had an idea of what they wanted to do when they grew up,. 100 % of the teachers (who responded)
agreed or strongly agreed that the pupils learned a lol about the world of work. During the year we we
also introduced follow-up activities with schools who had completed an Inspire Day. This included a
field trip to the Welcome Church to learn about the inspirational lrfe of Amy Carmichael and the
fascinating history of the textile mills and workers in North Belfast. Our hope is that a seed will be
planted in the lives of these young children, the next generation on the Shankill Road, and that this will
come to fruition as the children progress in life to achieve their full potential.
Finally, I wsh to thank our Board members for their valuable input and assistance. The Trustees
continue to endeavour to provide good govemance to the staff and volunteers of Equipping for Life.
Rev. Colin Duncan
Chairperson
Equipping for Life Ltd

Equipping For Life Ltd
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 July 2024
Reference and administrative details
Registered charity name
Equipping For Life Ltd
Charity registration number
NIC108041
Company registration number N1654291
Principal office and registered 9c Argyle Business Centre
office
North Howard Street
Belfast
BT13 2AP
The trustees
(Served from 4 June 2024 to 9
September 2024)
Rosemary Wilson
Patricia Hutchinson {Se¢retary)
Gordon Bell (Chairperson)
Dr Lavinia Boyce
Rev Colin James Duncan
(Chairperson from 27th February
20241
Rev David Jardine {Founding
Director)
Suzanne Elizabeth Rebecca
McLean
Rachel Swift (Treasurer)
Thomas John Stewarl
(Resigned 27 February 2024)
Independent examiner
Conor Dolan FCA (Senior Statutory Auditor)
For and on behalf of Finegan Gibson Ltd Chartered accountants &
statutory auditors

Equipping For Life Ltd
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 July 2024
Structure¥ governance and management
Governlng document
The charity is a company limited by guarantee incorporated in the UK and registered in Northern
Ireland and governed by a Memorandum and Articles of Association. The charitable company does
not have share capital. The liability of each member is limited to an amount not exceeding £1 in the
event of a winding up. The charity's registered office is given in the Reference and Administrative
Details section of the Trustees, Report.
Governance of the charitable company
During the period under review the trustees met 5 times, usually al bi-monthly intervals.
Trusteesldirectors are appointed by nominations, made in wrrting 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 activity, 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.
Related parties
All trustees and senior staff complete a conflict of interest register annually in respect of potential
transactions between Equipping for Life Ltd and its connected parties.
Pay policy ft)r senior staff
The pay of senior staff is reviewed annually. In view of the nature of the charitable company, the
trustees benchmark against pay levels in olher community organisations working within the sector.
The trustees (who are also directors of Equipping for Life Ltd for the purpose5 of ¢ompany law) are
responsible for preparing the Trustees, Report and the financial statements in accordance with
applicable law and United Kingdom Accounting Standards (UK GAAPI.
Company law requires the directors to prepare financial statements for each financial year which give
a true and fair view of the state of affairs of the charitable company and the incoming resources and
application of resources, including the income and expenditure of the charitable company for that
period. In preparing these financial statements, the trustees are required to- 1. select suitsble
accounting policies and then apply them consistently- 2. observe the methods and principles in the
Charities SORP 2019 (FRS102)- 3. make judgements and aocounting 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 ststements- and 5. prepare the financial
statements on the going concern basis unless it Is inappropriate to presume that the charFtable
company will continue in operation.
The trustee5 are responsible for keeping adequate accounting records that are sufficient to show and
explain the charitable company's Iransactions and 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 hen¢e for taking reasonable steps for the prevention and detection of fraud
and other irregularities.
The truslees are responsible for the maintenance and integrity of the corporate and financial

Equipping For Life Ltd
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 July 2024
information included on the company'5 website.
Independent examiner
Finegan and Gibson were appointed as Ac¢ountants.
Small company provisions
This report has been prepared in accordance with the special provisions of Part 15 of the Companies
Act 2006 relating to small companies

Equipping For Life Ltd
Company Limited by Guarantee
Trustees. Annual Report {Incorporating the Director's Report) (contlnued)
Year ended 31 July 2024
Objectives and activities
Vision: Young people and families equipped and empowered; communities revitalised. Mission- To
equip people so they can fulfil their potential.
Values- Faith, Integrity, Equalily, Commitment and Hope.
The charitable company's legal objects as set out in its governing document (Articles of Associalion)
are-
The prevention or relief of poverty.,
The advancement of education., and
The advancement of religion.
Its aims are:
1. To develop and refine volunteer enabled initiatives, that have measurable outputs and outcomes,
and are delivered, in partnership with schools, churches and communities in North and West Belfast;
2. To explore the possibility 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- and
3. To research and identrfy new opportunities, partnerships and initiatives through which volunteer
teams can assist young people, their families and their Communities be equipped, empowered and
revitalised., and
4. To enable sound governance. finanrE, administration and further development.
Main Activities, Projects, Services..
Promotion of EFL
Recruitmenl of volunteers
Access Nl checking of volunteers
Training of volunteers
Placing volunteers in schools
- Volunteer management
Volunteer evaluation
Pilot employability support, in partnership with training organisations
Identify opportunities to work in partnership with community cohesion initiatives
Governance of EFL
Internal and external communications
staff recruitment and training
Financial management of EFL
Income generation
Administration
Volunteers are sourced from local churches and other organisations. including schools and colleges
and through recruitment by existing volunteers.
Public benefit
The trustees have complied with the duty to have due regard to the Charity Commission for Northern
Ireland's statutory guidance on the public benefit requirement issued under the Charities Act (Nll
2008. The trustees believe that the charitable company provides a public benefit in a number of ways
through the undertaking of a range of projects.

Equipping For Life Ltd
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (ctintinued)
Year ended 31 July 2024
Strategic report
The following sections for achievements and performance and financial review form the strategic
report of the charity.
Achievements and performance
In 202312024, the sixth year of operation..
1. 5 Meetings of Trustees during the year.
2. 9 Meetings of Sub-committees during the year.
3. Monthly Leadership meetings during the year.
4. 8 Child Protection training sessions held for new volunteers.
5. 18 new volunteers recruited.
6. 150 aclive volunteers working in schools end of Academic year 2023 with 12 more recruited in July
but not in schools.
7. Number of partner schools increased to 27.
8. Reading and play resources provided to each new Team.
9. 8 schools receiving free tennis coaching involving 1 tennis coach and 2 volunteers.
10. Regular contact maintained with all Head Teachers.
11. Regular contact maintained with all Volunteer Tutors.
12. 5 Training and celebration sessions held with Volunteers Tutors and Team Leaders, lunch
included.
13. Contact made via weekly Zoom prayer meetings.
14. 43 Prayer events held during the year (including weekly Zoom prayer meetings).
15. Total number of supporting Prayer Partners 240 plus 505 Praying Volunteer Tutors.
16. 2 Inspire Days hosted in Greater Shankill Schools involving 400 children.
17. 2 Amy Carmichael Days in partnership with the Welcome Church, Cambrai Street, Belfast.
18. Partnerships developed with over 30 businesses and individuals who assisted at the Inspire Days.

Equipping For Life Ltd
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (contlnued)
Year ended 31 July 2024
Financial review
The results for the year are set out on pages 12 to 13.
The charitable company incurred a deficit for the year of £32.882 (2023- deficit £90,508), of which
£2,506 (2023:£5,534) was restricted.
Reserves policy
The charitable company's ongoing policy is to retain a minimum level of reserves which matches the
needs of the organisation both at the current time and in Ihe foreseeable future. The trustees will strive
to maintain reseNes in the future sufficient to meet statutory obligations, committed expenditure, core
salaries and running costs for a period equivalent to 3-6 months annual expenditure.
The charitable company will continue to monitor compliance with this policy on a regular basis and the
Board will review the appropriateness of Ihe policy annually.
In addition to Ihis minimum level of reserves, Equipping for Life Ltd aspires lo build reserves for the
purposes of strategic growth and development in line with its Operational Plan as summarised under
"Plans for the future"
Free reseNes are those unrestricted reserves not designated, nor invested in fixed assets, which are
available for general use and which can be designated for the future developments. At 31 July 2024
their level was £33,864 {2023-.£24,9361. Three to six months. core salaries and running costs and
statutory redundanoy liabilities would equate to approximately £21,396
£42,791
(2023:£28,858-£57,7161.
Going concern
The trustees have a reasonable expectation that Ihe charilable company has adequate resources to
continue in operational existence for the foreseeable fvture. For this reason, they adopt the going
concern basis in preparing the financial statements. Further details regarding the adoption of the
going concern basis can be found in the Accounting Policies.
Risk management
The principles of good governan¢e are embedded within all aspects of Equipping for Life Ltd.'s
operations with management and staff being keenly aware of the Board's responsibility of ensuring
that the organisation protects itself from financial exposure and reputational damage. A close working
relationship is maintained between the Board and management to ensure that operationally staff are
aware of the standards required of them by Ihe Board and that the Board is always in a position to
provide guidance and support to management in Ihe discharge of their duties. This ￿0-WaY
relationship is a key feature of Equipping for Life Ltd.'s governance arrangements and is a key
strength of the charitable company.

Equipping For Life Ltd
Company Limited by Guarantee
Trustees. Annual Report {Incorporating the Director's Report) (continuedj
Year ended 31 July 2024
Plans for future periods
Objectives..
1. Aim." To develop and refine volunteer enabled initiatives, that have measurable outputs and
outcomes, and are delivered, in partnership with schools, churches and communities in North
and West Belfast.
1.1 Greater Shankill collective approach to EFL volunteer led educational support
1.2 Further develop literacy support in primary schools
1.3 Explore further appropriate employability support for local primary schools
1.4 Pilol and develop a whole school partnership model
1.5 Explore and pilot communily education initiatives in partnership with local groups and
organisations
2. Aim.. To explore the possibility 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.
2.1 Continue to develop links with schools in Armagh, Lisburn, East Belfast and East Antrim to
enable strong and stable partnerships to be established
2.2 Increase the number of volunteer teams in the development areas
2.3 Refine the recruitment, training and support procedures to enable new teams to provide more
effective mentoring in schools
3. Aim.. To research and identify new opportunities, partnerships and initiatives through which
volunteer teams can assist young people. their families and their communities be equipped,
empowered and revitalised.
3.1 Identify opportunities to work in partnership with schools, businesses and individuals to
empower primary aged children to develop into caring and effective adults
3.3 Build on the work done through the Inspire Days to enable schools to ¢ontinue to develop their
careers provision and education
4. Aim." To enable sound governance, flnance. administration and further development
4.1 Effective governance of EFL
4.2 Organisational handbook of required legal and operational related policies and procedures
4.3 Effective internal and external communications
4.4 Effective marketing IPRlmedia plan
4.5 Effective volunteer recruitment and management
4.6 Effective staff and volunteer training plan
4.7 Effective financial management of EFL
4.8 Effective income generation strategy
4.9 Effective administration of EFL
4.10 Further development of EFL planned and modelled effectively
4.11 Effective management of liaison with EFL ¢entres

Equipping For Life Ltd
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (¢ontlnuèd)
Year ended 31 July 2024
The trustees, annual report and the strategic report were approved on 11 March 2025 and signed on
behalf of the board of trustees by-
Rev David Jardine (Founding Director)
Trustee
Rachel Swi
Trustee
Treasurer)
10

Equipping For Life Ltd
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of Equipping For Life Ltd
Year ended 31 July 2024
I report to the trustees on my examination of the financial statements of Equipping For Life Ltd ('the
charity'l for the year ended 31 July 2024.
Responsibilities and basis of report
As the trustees of the company (and also its directors for the purposes of company law) you are
responsible for the preparation of the financial statements in accordance with the requirements of
Charities Act (Northern 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 charity or company law to be
audited and have chosen instead to have an independent examination.
Having satisfied myself that the accounts of the company 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
the charity's financial statements as carried out under section 65 of the 2008 Act. In carrying out my
examination I have followed the general Directions given by the Charity Commission for Northern
Ireland 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 my examination giving me cause to believe that in any material respect..
accounting records were not kept in respect of the charity as required by section 386 of the
2006 Act. or
the financial statements do not accord with those records., or
the financial statements 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 fairf view which
is not a matter considered as part of an independent examination- or
the financial statements 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).
11

Equipping For Life Ltd
Company Limited by Guarantee
Independent Examiner's Report to the Trustses of Equipping For Life Ltd
(continued)
Year ended 31 July 2024
I confirm that there are no other matters to which your attention should be drawn to enable a proper
understsnding of the accounts to be reached.
Finegan Gibson Ltd
Chartered accountants & statutory auditors
Independent Examiner
Causeway Tower
9 James Street South
Belfast
BT2 8DN
27 February 2024
12

Equipping For Life Ltd
Company Limited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 31 July 2024
2024
Restricted
funds Total funds
2023
Unrestricted
funds
Total funds
Note
Income and endowments
Donations and legacies
Charitable activities
10,715
12,985
10,715
61,735
19,276
5.207
48,750
Total income
23.700
48,750
72,450
24,483
Expenditure
Expenditure on charitable activities
Total expenditure
131,5041
(31.5041
{54.078)
(54,078)
185,582) (114,991)
185,582) (114,991)
Net expenditure
(7,804)
{5,328)
(13,132)
(90,508)
Transfers between funds
{2,822)
2,822
Net movement in funds
(10.626)
{2,506}
(13,132)
{90,508)
Reconciliation of funds
Total funds brought forward
Total funds carried fonNard
126,456
2,506
128,962
219,470
115,830
115,830
128,962
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The note5 on pages 15 to 25 form part of these financlal statements.
13

Equipping For Life Ltd
Company Limited by Guarantee
Statement of Financial Position
31 July 2024
2024
2023
Note
Fixed assets
Tangible fixed assets
14
704
1,520
Current assets
Debtors
Cash at bank and in hand
15
120
153,011
153,131
126,227
126,227
Creditors: amounts falling due within one year
Net current assets
16
11,101
25,689
115,126
127,442
Total assets less current liabilities
115,830
128,962
Net assets
115,830
128.962
Funds of the charity
Restricted funds
Unrestricted funds
2,506
126,456
115,830
Total charity funds
18
115,830
128.962
For the year ending 31 July 2024 the charity was entitled to exemption from audit under section 477 of
the Companies Act 2006 relating to small companies.
Directors, responsibilities:
The members have not required the company to obtain an audit of its financial statements for the
year in question in accordance with section 476;
The directors acknowledge their responsibilities for complying with the requirements of the Act
with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to
companies subject to the small companies, regime.
These financial statements were approved by the board of trustees and authorised for issue on 11
March 2025. and are signed on behalf of the board by..
Rev David Jardine (Founding Director)
Truslee
Rachel Swift (Treasurer)
Trustee
The notes on pages 15 to 25 form part of these financlal statements.
14

Equipping For Life Ltd
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 July 2024
General information
The charity is a public benefit entity and a private company limited by guarantee, registered in
Northern Ireland and a registered charity in Northern Ireland. The address of the registered office
is 9c Argyle Business Centre, North Howard Street, Belfast, 8T13 2AP.
Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial
Reporting Standard applicable in the UK and Ihe Republic 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 IFRS 102) (Charities
SORP (FRS 10211 and the Companies Act 2006.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cosl basis, as modified by the
revaluation of certain financial assets and liabilities and investment properties measured at fair
value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
Estimates and judgements are continually evaluated and are based on historical experience and
other factors, including expectations of future events that are believed to be reasonable under
the circumstances.
Critical judgements in applying the entity's accounting policies There are no critical judgements
in applying the charitable company's accounting policies. Critical accounting estimates and
assumptions - There are no critical accounting estimates and assumptions.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the
charity's purposes.
Designated funds are unrestricted funds earmarked by Ihe trustees for particular future project or
commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or
through the terms of an appeal, and fall into one of sub-classes.. restricted income funds or
endowment funds.
15

Equipping For Life Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 July 2024
Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial a¢tivities when entitlement has
passed to the charity; it is probable that the economic benefits associated with the transaction
will flow to the charity and the amount can be reliably measured. The following specific policies
are applied to particular categories of income..
income from donations or grants is recognised when there is evidence of entitlement to the
gift, receipt is probable and its amount can be measured reliably.
legacy income is recognised when re¢eipt is probable and entitlement is established.
income from donated goods is measured at the fair value of the goods unless this is
impractical to measure reliably, in which case the value is derived from the cost to the donor
or the estimated resale value. Donated facilities and services are recognised in the
accounts when received if the value can be reliably measured. No amounts are included for
the contribution of general volunteers.
income from contracts for the supply of services is recognised with the delivery of the
contracted service. This is classified as unreslricted funds unless there is a contractual
requirement for it to be spent on a particular purpose and returned if unspent, in which case
it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis a5 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 includes the costs of all fundraising activities, 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 charitable
activities.
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 reflecting the use of the resource. Direct costs
attributable to a single activity are allocaled directly to that activity. Shared costs are apportioned
be￿een the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any
accumulated depreciation and impairment 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 impairment losses.
16

Equipping For Life Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 July 2024
Accounting policies (Continued)
Tangible assets (continued)
An increase in the carrying amount of an asset as a result of a revaluation. is recognised in other
reGognised gains and losses. unless it reverses a charge for impairment that has previously been
recognised as expenditure within the ststement 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 shown within
other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset. less its residual
value, over the useful economic life of that asset as follows:
Equipment
250/0 straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting dale, with the recoverable
amount being estimated where such indicators exist. Where the carrying value exceeds the
recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for
possible reversal at each reporting date.
For the purposes of impairment testing. when it is not possible to estimate the recoverable
amount of an individual asset, an estimate is made of the recoverable amount of the
cash-generating unit to which the asset belongs. The cash-generating unit 15 the smallest
idenlifiable group of assets that includes the asset and generates cash inflows that largely
independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the
acquisition date, allocated to each of the cash-generating unils that are expected to benefit from
the synergies of the combination, irrespective of whether other assets or liabilities of the charity
are assigned to those units.
Financial instruments
A financial asset or a financial liability is re¢ognised only when the charity becomes a party to the
contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including
any related transaction costs.
Current asset5 and current liabilities are subsequently measured at the cash or other
consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
17

Equipping For Life Ltd
Company Limited by Guarantee
Notes to the Financial Ststements (contlnued)
Year ended 31 July 2024
Accounting policies (continued)
Financial instruments (continuedj
Where investments in shares are publicly traded or their fair value can otherwise be measured
reliably, the investment is subsequently measured at fair value with changes in fair value
recognised in income and expenditure. All other such investments are subsequently measured at
cost less impaimient.
Other financial instruments. including derivatives, are initially recognised at fair value, unless
payment for an asset is deferred beyond normal business terms 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 Ihe future
payments discounted at a market rate of interesl for a similar debt instrument.
other financial instruments are subsequently measured at fair value, with any changes
recognised in Ihe statement of financial activities, with the exception of hedging ir7Struments in a
designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence
of impairment at the end of each reporting date. If there is objective evidence of impairment, an
impairment loss is recognised under the appropriate heading in the statement of financial
activities in which the initial gain was recognised.
For all equity instruments regardless of significance. and other financial assets that are
individually significant, these are assessed individually for impairment. Other financial assets are
either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not
result in a carrying amount of the financial asset that exceeds what the carrying amount would
have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined conlribution plans are recognised as an expense in the period in which
the related seNice 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 refund.
When contributions are not expected to be settled wholly wtthin 12 months of the end of the
reporting date in which the employees render the related service, the liability 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.
Limited 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 Limited by Guarantee
Notes to the Financial Statements (contlnued)
Year ended 31 July 2024
Donations and legacies
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Donations
Donations
Ardbarron Trust
Donations in Kind
10.615
10,615
10,276
9,000
10,276
9,000
100
100
10,715
10,715
19,276
19,276
Charitable activities
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Ardbarron Trust
Ulster Gardens Village
Sundry
Mason Glen
Benefact Trust
11,000
11.000
1.985
1,985
39,750
9,000
39,750
9,000
12,985
48,750
61,735
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Ardbarron Trust
Ulster Gardens Village
Sundry
Mason Glen
Benefact Trust
5.000
5,000
207
207
207
5,000
5,207
19

Equipping For Life Ltd
Company Limited by Guarantee
Notes to the Financial Statements (contlnuedj
Year ended 31 July 2024
Expenditure on charitable activities by fund type
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Charitable activities
Support costs
454
31,050
4,965
49,113
54,078
5,419
80,163
31,504
85,582
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Charitable activities
Support costs
27,648
71.809
27,648
87,343
15,534
99.457
15,534
114,991
Expenditure on charitable activities by activity type
Activities
undertaken
directly Support costs
Total funds
2024
Total fund
2023
Charitable activities
Governance costs
5,419
78.477
1,686
83,896
1,686
85.582
113,179
1,812
5,419
80,163
114,991
Analysis of support costs
Analysis of
support cost5 Total 2024 Total 2023
staff costs
Premises
General office
Finance costs
Governance costs
67,467
5,224
4,783
938
1,751
67,467
5,224
4,783
938
1,751
69.780
4,984
5,846
1,364
5,861
80,163
80,163
87,835
10. Net expenditure
Net expenditure is ststed after chargingl(crediting):
2024
2023
Depreciation of tangible fixed assets
916
1,319
20

Equipping For Life Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 July 2024
11. Independent examination fees
2024
2023
Fees payable to the independent examiner for:
Independent examination of the financial ststements
1,638
1,440
12. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
2024
2023
Wages and salaries
Social security costs
Employer contributions to pension plans
55,778
10,908
780
59,859
9,342
579
67,466
69.780
The average head count of employees during the year was 4 (2023: 4). The average number of
full-time equivalent employees during the year is analysed as follows..
2024
2023
Part time equivalent
No employee received employee benefits of more than £60,000 during the year (2023.. Nil).
Key Management Personnel
Key management personnel include all persons that have authority and responsibility for
planning, directing and controlling the activities of the charity. The total compensation paid to key
management personnel for services provided to the charity was £37,484 (2023:£36,654).
13. Trustee remuneration and expenses
As a member of the Society of Saint Francis. Brother David Jardine (founder and trustee of
Equipping for Life Ltd) has tsken a vow of poverty and is not in a receipt of a salary. He is paid
expenses by Equipping for Life Ltd and in the year ended 31 July 2024 received £Nil
(2023:£139), £Nil of which was from restricted received from this purpose12023.' £Nil).
With these exceptions, there were no trustees, remuneration, benefits or expenses for the year
ended 31 July 2024 and no trustee received payment for professional or other services supplied
to the charitable company in the period.
21

Equipping For Life Ltd
Company Limited by Guarantee
Notes to the Financial Statements (contlnued)
Year ended 31 July 2024
14. Tangible fixed assets
Equipment
Cost
At 1 August 2023
Additions
5,275
100
At 31 July 2024
Depreciation
At 1 August 2023
Charge for the year
At 31 July 2024
Carrying amount
At 31 July 2024
At 31 July 2023
5,375
3,755
916
4,671
704
1,520
15. Debtors
2024
2023
Prepayments and accrued income
120
16. Creditors: amounts falling due within one year
2024
2023
Accruals and deferred income
Social security and other taxes
9.981
1,120
24,820
869
11,101
25,689
17. Pensions and other post retirement benefits
Defined Contribution plans
The amount recognised in income or expenditure as an expense in relation to defined
Contribution plans was £780 {2023'. £5791.
22

Equipping For Life Ltd
Company Llmited by Guarantee
Notes to the Financial Statements (Continued)
Year ended 31 July 2024
18. Analysis of charitable funds
Unrestricted funds
At
1 August 202
At
Transfers 31 July 2024
Income Expenditure
General funds
Designated Funds
26,456
100,000
23,700
6.280
(37,784)
(31.504)
12,822)
53,614
62,216
126,456
23,700
(2,822)
115,830
At
1 August 202
At
Transfers 31 July 2023
Income Expendilure
General funds
Designated Funds
156,430
50,000
19,483
(99,457)
150,000)
50,000
26,456
100,000
206.430
19,483
(99,457)
126,456
Funds amounting to £25,000 had been earmarked to support the future development of regional
"approved centres" in 2021. A decision was made by the trustees to release this in 2022.
The Reading Programme is the core aspect of Equipping for Life's work in the community. Over
the past 18 months the number of schools partnering with EfL has almost trebled, with nearly 250
children per week having 30-minutes sessions with our Volunteer Tutors. These sessions offer
invaluable opportunities for one-to-one reading and mentoring support to the children. £50,000
has been designated to enable the Reading Programme to Gontinue this year.
23

Equipping For Life Ltd
Company Limited by Guarantee
Notes to the Financial Statements (contlnued)
Year ended 31 July 2024
18. Analysis of charitable funds feonflnued)
Restricted funds
At
1 August 202
At
Transfers 31 July 2024
Income Expenditure
Various- Parents, food
hampers
Donibristle Trust- Tennis
Ulster Garden Villages-
salaries & rent
Mason Glen Tennis
Reading
Inspire
621
1,885
(621)
(1,8851
10,000
26,750
12,000
(10,000)
126,750)
(14,822)
(54,078)
2,822
2,506
48,750
2,822
At
1 August 202
At
Transfers 31 July 2023
Income Expenditure
Various- Parents, food
hampers
Donibristle Trust- Tennis
Ulster Garden Villages-
salaries & rent
Mason Glen Tennis
Reading
Inspire
621
12,419
621
1,885
(10,534)
5,000
15,0001
13,040
5,000
(15,534)
2.506
24

Equipping For Life Ltd
Company Limited by Guarantee
Notes to the Financial Statements fcontinued)
Year ended 31 July 2024
19. Analysis of net assets between funds
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Tangible fixed assets
Current assets
Creditors less than 1 year
Net assets
704
126,227
(11,101)
115,830
704
126,227
(11,101)
115,830
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Tangible fixed assets
Current assets
Creditors less than 1 year
Net assets
1,520
145.625
{25,689)
121,456
1,520
153,131
{25,689)
128,962
7,506
7,506
20. Non-exchange transactions
The charitsble company benefits from the contribution of unpaid volunteers, including Volunteer
Tutors. Their contribution is not accounted for due to the lack of a reliable basis of measurement.
The tutors, training is provided internally, supplemented by training provided free of charge by
NICVA and churches.
The charitable company also benefits from the ongoing maintenance of its website by Alan
Graham, a volunteer who has gained some experience in this area.
25

Equipping For Life Ltd
Company Limited by Guarantee
Management Information
Year ended 31 July 2024
The following pages do not form part of the financial statements.
26

Equipping For Life Ltd
Company Limited by Guarantee
Detailed Statement of Financial Activities
Year ended 31 July 2024
2024
2023
Income and endowments
Donations and legacies
Donations
Ardbarron Trust
Donations in Kind
10,615
10,276
g,000
100
10,715
19,276
Charitable activities
Ardbarron Trust
Ulster Gardens Village
Sundry
Mason Glen
Benefact Trust
11.000
5.000
207
1.985
39,750
9,000
61.735
5,207
Total income
72,450
24,483
27

Equipping For Life Ltd
Company Limited by Guarantee
Notes to the Detailed Statement of Financial Activities
Year ended 31 July 2024
2024
2023
Expenditure on charitable activities
Charitable activities
Activities undertaken directly
Activity costs restricted tennis
Aclivity costs - restricted
Activity costs - unrestricted
Brother David expenses
Marketing, Publicity and Fundraising
Staff expenses
1,620
2,994
454
10,459
11,445
139
5,253
352
351
5,419
27,648
Support costs
Salaries and pension
PAYE
Pension costs
Rent
Heat & Light
Subscriptions
Insurance
Printing and Stationery
Postage
Office equipment
General expenses
Governance costs
Telephone
Bank charges
Depreciation
Consultancy fees
Broadband
Repairs and Maintenance
55,778
10,908
780
3,579
846
356
800
1,095
348
964
1,282
16
678
22
916
49
60
59,859
9,342
579
3,570
460
810
624
484
851
796
1,512
49
661
45
1,319
4,000
240
330
78.477
85,531
Governance costs
Governance costs - accountsn¢y fees
1,686
1,812
Expenditure on charitable activities
85,582
114,991
Net expenditure
113,132)
190.508)
28