Clann Eireann Youth Club TRUSTEES, REPORT for the financial year ended 30 September 2022 The trustees present Iheir Trustees. Report and the audited fancial ststements for Ihe finanual year ended 30 September 2022. The financial statements are prepared in aCCordare with the ChaTities Act (Northem Ireland) 2008, FRS 102 'The Financial Reporting Standard aPlble in the UK and RepubliG of Ireland. and Acwunting and Reportirig by Charits'es.. Statement of Recommended Pra(#1 applicable to charities preparing their financial statements in accordan with the Financial Repong Standard applicable in the UK and Republic of Ireland IFRS 102)- The Trustees, Report contains the information required to b8 provided in the Trustees. Annual Report under the Statement of Recommended Pra1 ISORPI guidelines. The trustees of Ihe Company are also charity trustees for the purpose of charity law and under the companls LL¥nsttLution ate known as members of the board of trustees. In this report the trustees of Clann Eireann Youth Club present a summary of its purpose. g0veman, activities, achievements and finances for the finanaal finanaal yoar 30 Soplember 2022. The Company is a registered charity and hence the report and results are presenled in a forni which ¢omplies with the requirements of the Charities Act (Northem Ireland) 2008 and, although not obliged to comply with the Staternent of Recommended Practice applicable in the UK and Republic of Ireland FRS 102. the organisation has implemented its recommendations wh•r• rolovant in finanual $tat•ment$. Review of Activitie5. Achievernents and Perforniance Clann Eireann Youth Club was foundod in 1954 and continuas to sorve our community in North Lurgan. Tho charity has a very strong Gaelic Games ethos with a current membership of over 1,500 and we pride ourselves on the significant of sporting and leisure activiiies we provde for the community.These activities include, bui are not limited, lo youth Club summer stheme. junior dub. drama group. extended youth dub project. community relations youth club project, handball. girls gaelic football {U8 to Minor>. ladies gaelic football. boys gaelic football {U8 to minor). mens gaelic football. Jeet Kune Do club, little dragons club. cycling club. gaelic for mum8. netball. golf. couch to Sk, etc. Clann Eireann Is heavlly reliant on the volunteers who readily and willingly contlnue lo assit wlth all of these actlvitles and we would like to express our appreciation and gralitule to each and every one. Financial Review The Gharity's financAal results show an decrease for the year when compared to the past number of years with an overall nei deficlt of approximately £38k for the year. This has malnty been achleveo by a signlflcant Improvement In the fijndraising efforts within the charity over the past twelve months and the Injstees are pleased lo confimi that one of the club's bank loans had bogn completèty repaid in th• prior y•ar which attributed to the increase in surplus for thi8 year and will 8ignthcantly a33i3t and help with the day to day ca3hllow plan? and future requirments of the charity. The trustee5 are continuing to wotk on updating Iheir reserves policy. and aim to ueale free UnstrIcted reserves of £25,0¢]Q. This is espeoally challenging in Ihe Cuent climate but the trustees are hopeful that this will improve in 2023 and Ihe new Youth Club building will go a long way to increasing members and helping to raise funds. Results and Dlvldends At the end of the financial year the company has assets of 2.707.377 {2021 2.815.310) and liabilities of 107,924 {2021- 177.601). The net assets of the company have decreased by {38.256). Complian¢e with Sector-wide Legislation and Standards The company engages pro-actively wi*h legislation. standards and cc¥Jes which are developed for the sector. Clann Eireann Youth Club subscribes to and is rA)mpliant with the follcbwng= The Charibes SORP {FRS 102) Publlc Benefit In setting our objectives and planning our adivities for the year the trustees have given careful consideration to the Charity Commission for Northem Ireland's ststutory guidance on public benefft to ensure that Ihe aLlivities have helped achieve the thanty Putposes and provide a benefft to the benefrcianes.
Clann Eireann Youth Club TRUSTEES, REPORT for the ffinanGial year ended 30 September 2022 Approved by the Board of Trustees on 15 November 2022 and signed on its behalf by: Donal Mccarthy Chalrperson Michael Mulholland Trustee
Clann Eireann Youth Club STATEMENT OF TRUSTEES, RESPONSIBILITIES foi Ihe finan¢ig1 year ewKled 30 SeptemLEr 2022 The trustees are responsibte for preparing the ffinanaal stsletrents in accnrdance with applicable law and regulations. The law applicable to charlS in Northern Ireland requires the trustees to prepare financial statements for eath finanryal year which give a true and fair view of the assets. liabilities and financial positson of the company as at the finan(ial year end date and of the surplus or deficil of the company and other%vise comply with the Charrties Act (Northem Ireland) 2008. In preparing these financial statements. Ihe trustees are required to.. seled suitable accounting poliaes and apply them consistenUy- observe the methods and principles in the Charities SORP m8ke judgements and estimates that are reasonable and prudent.. slate whether the financral statements have been prepared in accordance with the relevant financial reporting framework. identfy those standards. and note the effecl and the aSOnS for any material departure from thosè standards: and prepare the financial sNemerns on the going c(mcem basis unless it is inapproprtate io presume Inai the company will continue in operation. The trustees confim Ihat Ihey have wnplied with the above requirements in preparing the financial stalèmenls. The trustees are responsible for keeping adequate ac¢ounting records that are suffiaenl lo show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financAal statements comply with the Charitie8 Act (Northem Ireland) 2008. They are also responslble for safeguardlng the assets of the company and hence foi taking reasonable 51ep5 for the prevention and detectlon of fraud and other irregularities. Approved by the Board of Trustees on 15 November 2022 and Sign on its behalf by: Donal Mccartny Chairperson Michael Mulholland Trustee