Charity Number: NIC 101558 Clann Eireann Youth Club Annual Report and Audited Financial Statements for the financial year ended 30 September 2023 Daly Park & Company Ltd Chartered Accountants and Ststutory Auditors 4 Carnegie Street Lurgan Co. Armagh BT66 6AS Northern Ireland
Clann Eireann Youth Club CONTENTS Page Trustees, and Other Information Trustees, Report Statement of Trustees, Responsibilities Independent Auditorfs Report Statement of Financial Activities 10 Balance Sheet Statement of Cash Flows 12 Notes to the Financial Statements 13-17
Clann Eireann Youth Club TRUSTEES, AND OTHER INFORMATION Trustees Roisin Bell Mr Niall Fagan Michael Mulholland Dr TJ Lenehan Mr Roy Mcsherry Mr Gary Mccleary Mr Gery Fegan Mr Desmond Brady Charity Number in Northern Ireland NIC 101558 Principal Address 53 Lake Street Lurgan Craigavon Co. Armagh BT67 9DT Northern Ireland Auditors Daly Park & Company Ltd Chartered Accounlanls and Statutory Auditors 4 Camegie Street Lurgan Co. Amagh BT66 6AS Northern Ireland Bankers AIB 18-20 Scolch Street Dungannon Co Tyrone BT70 1AZ Northern Ireland
Clann Eireann Youth Club TRUSTEES, REPORT for the financial year ended 30 September 2023 The truslees present their Trustees, Report and the audited financial slatements for the financial year ended 30 September 2023. The financial statements are prepared in accordance with the Charities Act (Northern Ireland) 2008, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities.. Statement of Recommended Practi applicable to chartties preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102). The Trustees, Report contains the information required to be provided in the Trustees, Annual Report under the Statement of Recommended Practi {SORP) guidelines. The trustees of the company are also charity trustees for the purpose of charity law and under the company's constitution are known as members of the board of trustees. In Ihis report the trustees of Clann Eireann Youth Club present a summary of its purpose, governance, activities, achievements and finances for the financial financFal year 30 September 2023. The company is a registered charity and hence the report and results are presented in a form which complies with the requirements of the Charities Act (Northern Ireland) 2008 and. although not obliged to comply with the Statement of Recommended Practice applicable in the UK and Republic of Ireland FRS 102, the organisation has implemented its recommendations where relevant in these financial statements. Review of Activities, Achievements and Performance Clann Eireann Youth Club was founded in 1954 and continues to serve our community in North Lurgan. The 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 activities we provde for the community.These activities include, but are not limited, lo youth club summer scheme. junior club, drama group, extended youth club 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. Jeel Kune Do club, little dragons club, cycling club, gaelic for mums, netball, golf, couch to 5k, etc. Clann Eireann is heavily reliant on the volunteers who readily and willingly continue to assit wilh all of these activities and we would like to express our appreciation and gratitute lo each and every one. Financial Review The charity's financial results show an decrease for the year when compared to the past number of years with an overall net deficit of approximately £70k for the year. This deficit is after depreciation. before depreciation there is surplus of approximately £30k. This has mainly been achieved by a significant improvement in the fundraising efforts within the charity over the past twelve months and the trustees are pleased to confirm Ihat one of the club's bank loans had been completely repaid in the prior year which attributed to the increase in surplus for Ihis year and will significantly assist and help with the day lo day cashflow plans and future requirmenls of the charily. The trustees are continuing to work on updating their reseNes policy, and aim to creale free unrestricted reserves of £25,000. This is especially challenging in the current climate bul the trustees are hopeful Ihal this will improve in 2024 and the new Youth Club building will go a long way to increasing members and helping to raise funds. Results and Dividends At the end of the financial year the company has assets of 2,643,347 (2022 - 2,707,377) and liabilities of 113,650 (2022 - 107.924). The net assets of the company have decreased by (69,756). Compliance with Sector-wide Legislation and Stsndards The company engages pro-actively with legislation. standards and codes which are developed for the sector. Clann Eireann Youth Club subscribes to and is compliant with the following= The Charities SORP {FRS 102) Publi¢ Benefit In setting our objectives and planning our activities for the year the trustees have given carefvl consideration to the Charity Commission for Northern Ireland's ststutory guidance on public benefit to ensure that the activities have helped achieve the charity purposes and provide a benefit to the beneficiaries.
Clann Eireann Youth Club TRUSTEES, REPORT for the financial year ended 30 September 2023 Approved by the Board of Trustees on 15 November 2023 and signed on its behalf by: Roisin Bell Trustee Mlchael Mulholland Trustee
Clann Eireann Youth Club STATEMENT OF TRUSTEES, RESPONSIBILITIES for the financial year ended 30 September 2023 The Iruslees are responsible for preparing the financial statements in accordance with applicable law and regulations. The law applicable to charilies in Northern Ireland requires the trustees lo prepare financial statements for each financial year which give a true and fair view of the assets, liabilities and financial position of the company as at the financial year end dale and of the surplus or deficit of the company and olhetwise comply with the Charities Act (Northern Ireland) 2008. In preparing these financial statements. the trustees are required to.. select suitable accounting policies and apply them consistently- observe the methods and principles in the Charities SORP make judgements and estimates that are reasonable and prudent- state whether the financial statements have been prepared in accordance with the relevant financial reporting framework, identify those standards, and note the effect and the reasons for any material departure from those standards; and prepare the financial statements on the going concem basis unless it is inappropriate to presume that the company will continue in operation. The trustees confirm that they have complied wilh the above requirements in preparing the financial statements. The trustees are responsible for keeping adequate accounting records that are sufficienl to show and explain thé company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial slatements comply with the Charities Act (Northern Ireland) 2008. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Ap oved by the Board of Trustees on 15 November 2023 and signed on its behalf by: Roisin Bell Trustse Michael Mulholland Trustee
INDEPENDENT AUDITOR'S REPORT to the Members of Clann Eireann Youth Club Report on the audit of the financial ststements Opinion We have audited the company financial statements of Clann Eireann Youth Club (Ihe company,) for the financial year ended 30 September 2023 which comprise the Statement of Financial Activities. the Balance Sheet, the Statement of Cash Flows and notes lo the financial statements. including the summary of significant accounting policies set out in note 2. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards. including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities.. Statement of Recommended Practi applicable to charities preparing their accounts in accordance with FRS 102. In our opinion. when reporting in accordance with a fair presenlation framework the financial stalements.. give a true and fair view of the state of the company's affairs as at 30 September 2023 and of its deficit for the financial year then ended; have been properly prepared in accordance with Uniled Kingdom Generally Accepted Accounting Pradice. and have been prepared in accordance with the requirements of the Charities Act (Northern Ireland) 2008. Basis for opinion We conducted our audit in accordance with International Standards on Audiling (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with elhical requirements that are relevant lo our audit of the financial slatements in the UK. including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements. we have concluded that the trustees, use of the going conrn basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating lo events or conditions that. individually or collectively. may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from the date when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. Other Information The other information comprises the information included in the annual report other than the financial statements and our Auditols Report Ihereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and. except to the extent otherwise explicitly stated in our report. we do not express any form of assurance conclusion Ihereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent wilh the financial ststemenls or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identfy such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a malerial misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report thal fact. We have nolhing to report in this regard. Opinion on other matter prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the information given in the Trustees, Report for the financial year for which the financial statements are prepared is consistent with the financial statements., and the Trustees, Report has been prepared in accordance with applicable legal requirements.
INDEPENDENT AUDITOR'S REPORT to the Members of Clann Eireann Youth Club Matters on which we are required to report by exception In the light of our knowledge and understanding of the company and its environment obtained in the course of the audil, we have not identified material misstatements in the Trustees, Report. We have nothing to report in respect of the following matters where the Charities Act (Northern Ireland) 2008 requires us to report to you if, in our opinion- adequate accounting records have not been kept., or the financial statements are not in agreement with the accounting records and returns., or certain disclosures of trustees, remuneration specified by law are not made.. or the trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies, exemplion in preparing the Trustees, Annual Report. Responsibilities of trustees for the financial ststements As explained more fully in the Statement of Trustees, Responsibilities sel out on page 6. the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view. and for such internal control as they determine is necessary to enable the preparation of financial statements that are free from material misstatement. whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the company's ability to continue as a going concem, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the company or lo cease operations, or has no realistic alternative but to do so. Auditorfs responsibilities for the audit of the financial statements Our objectives are to oblain reasonable assurance about whether the financial statements as a whole are free from material misstatement. whether due to fraud or error. and to issue an Auditorfs Report Ihat includes our opinion. Reasonable assurance is a high level of assuran, bul is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if. individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud. are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities. including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.. Further information regarding the scope of our responsibilities as auditor As part of an audit in accordan with ISAS (UK), we exercise professional judgement and maintain professional sceplicism throughout the audit. We also: Identify and assess the risks of material misstatement of the financral statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and oblain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, frjrgery, intentional omissions, misrepresentations, or the override of intemal control. Obtain an understanding of internal control relevant to the audit in order lo design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company's internal control. Evaluate the appropriateness of accounting policies used and Ihe reasonableness of accounting estimates and related disclosures made by trustees. Conclude on the appropriateness of the tnjstees. use of the going concern basis of accounting and, based on the audit evidence obtained. whether a material uncertainty exists related to events or conditions Ihat may c85t significant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists. we are required to draw attention in our Auditorfs Report to the related disclosures in the financial statements or, if such disclosures are inadequale, to modify our opinion. Our conclusions are based on the audit eviden obtained up lo the date of our Auditor's Report. However, fijture events or conditions may cause the the company to cease to continue as a going concern. Evaluate the overall presentation, slruclure and conlenl of the financial statements. including the disclosures. and whether the financial statements represent the underlying Iransactions and events in a manner Ihat achieves fair presentation.
INDEPENDENT AUDITOR'S REPORT to the Members of Clann Eireann Youth Club We communicate with those charged with governance regarding, among other matlers, the planned scope and timing of the audit and significant audit findings, including any significanl deficiencies in internal control that we identify during our audit. The purpose of our audit work and to whom we owe our responsibilities This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might stale to the company's members those matters we are required to slate to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members a body, our audit work, for this report, or for the opinions we have formed. K & COMPANY LTD AcLounlants and Statutory Auditors gie Street Chart 4 Carn Lurgan Co. Armagh BT66 6AS Northern Ireland 15 November 2023
Clann Eireann Youth Club STATEMENT OF FINANCIAL ACTIVITIES for the financial year ended 30 September 2023 Unrestricted Restricted Funds Funds 2023 2023 Total Unrestricted Restricted Funds Funds 2022 2022 Total 2023 2022 Notes Incoming Resources Voluntary Income Activities for generating funds 99.961 99.961 179,812 28,272 162,761 87,573 115,845 162,761 179,812 Total Incoming resources 179.812 99.961 279,773 191.033 87.573 278,606 Resources Expended Charitable activities 242,989 106,540 349,529 238,765 78,097 316.862 Net incomingloutgoing resources before transfers Transfers beiween funds {63.177) (6,5791 (69,756) (47,732} 9,476 (38,256) Net movement in funds for the financial year (63,177) (6,579) 169,7561 147,732) 9,476 (38,256) Reconciliation of funds Balances brought forward at 1 October 2022 15 2,569,084 30,369 2.599.453 2,616,816 20,893 2.637,709 Balances carried forward at 30 September 2023 2,505,907 23,790 2.529.697 2.569,084 30,369 2.599,453 The Statement of Financial Activities includes all gains and losses recognised in the financial year. All income and expenditure relate to continuing aclivities. The notes on pages 13 10 17 form part of the financial slalements 10
Clann Eireann Youth Club BALANCE SHEET as at 30 September 2023 2023 2022 Notes Fixed Assets Tangible assets 2,613,302 2,664,318 Current Assets Stocks Debtors Cash at bank and in hand 10 11 50 14,053 15,942 50 32,250 10,759 30,045 43,059 Creditors". Amounts falling due within one year 12 (113,650) (107,924) Net Current Liabilities (83,605) (64,865) Total Assets less Current Liabilities 2,529,697 2.599,453 Funds Restricted trust funds Unrestricted designated funds General fund (unrestricted) 23,790 1,869,975 635,932 30,369 1.953.427 615,657 Total funds 15 2,529,697 2,599,453 Approved by the Board of Trustees and authorised for issue on 15 November 2023 and signed on its behalf by Roisin Bell Trustee Michael Mulholland Tnjstee The notes on pages 13 10 17 form part of the financial slalemenls 11
Clann Eireann Youth Club STATEMENT OF CASH FLOWS for the financial year ended 30 September 2023 2023 2022 Notes Cash flows from operating activities Net movement in funds Adjustments for.. Depreciation (69,756) (38.256) 100,479 93.550 30,723 55,294 Movements in working capital: Movement in debtors Movement in credilors 18.197 128,451 } 5,482 (25,007) Cash generated from operations 20.469 35,769 Cash flows from investing activities Payments to acquire tangible assets {49.463) (7,8951 Net increase in cash and cash equivalents Cash and cash equivalents at 1 October 2022 (28.994) 3,519 27,874 (24,355) Cash and cash equivalents at 30 September 2023 17 {25,4751 3,519 12
Clann Eireann Youth Club NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 30 September 2023 GENERAL INFORMATION Clann Eireann Youth Club is a charity incorporated in Northern Ireland. The registered office of the company is 53 Lake Street, Lurgan, Co. Armagh. BT67 9DT, Northem Ireland which is also the principal place of business of the company The financial statements have been presented in O which is also the functional currency of the company. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the charity's financial statements. Basis of preparation The financial statements have been prepared on the going concem basis under the historical oosl convention, modified to include certain items at fair value. The financial statements have been prepared in accordance with the Statement of Recommended Practice {SORP) "Accounting and Reporting by Charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102" As permitted by the Companies Act 2006, the company has varied the standard formats in that act for the Statement of Financial Activtties and the Balance Sheel. Departures from the standard formats are to comply with the requirements of the Charities SORP and are in compliance with section 4.7, 10.6 and 15.2 of that SORP. statement of compliance The financial stalements of the company for the financial year ended 31 December 2017 have been prepared on the going concern basis and in accordance with the Slatement of Recommended Practice (SORP) "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102" Incoming Resources Voluntary income or capital is included in the Statement of Financial Activilies when the company is legalty entitled to it, its financial value can be quantified with reasonable certainty and there is reasonable certainty of its ultimate receipt. Enlitlement to legacies is considered established when the company has been notified of a distribution to be made by the executors. Income received in advance of due performance under contract is accounted for as deferred income until earned. Grants for activities are recognised as income when the related conditions for legal entitlement have been met. All other income is accounted for on an accruals basis. Resources Expended All resources expended are accounted for on an accruals basis. Charitable activities include costs of services and grants, support costs and deprecialion on related assets. Costs of generating fvnds similarly include fundraising aclivilies. Non-slaff cosls nol attributed to one category of adivity are allocated or apportioned prcprata lo the staffing of the relevant service. Finance, HR, IT and administrative staff costs are directly attributable to individual activities by objective. Goveman¢e costs are those associated with constitutional and ststutory requirements. Tangible fixed assets and depreciation Tangible fixed assets are slated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible fixed assets, les5 their eslimated residual value, over their expected usefijl lives as follows.. Land and buildings freehold Fixtures, fittings and equipment 4% Reducing Balance 25% Reducing Balance Debtors Debtors are recognised at the settlement amount due after any discount offered. Prepayments are valued al the amount prepaid net of any trade discounts due. Income recognised by the company from government agencies and other co-funders, but not yet received at year end, is included in debtors. Cash at bank and in hand Cash at bank and in hand comprises cash on deposit at banks requiring less than three months noti of withdrawal. 13
Clann Eireann Youth Club NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 30 September 2023 Taxation and deferred taxation No current or deferred taxation arises as the company has been granted charitable exemplion. Irrecoverable valued added tax is expensed as incurred. INCOME DONATIONS AND LEGACIES Unrestricted Restricted Funds Funds 2023 2022 Grants ReiVed 99,961 99,961 115,845 OTHER TRADING ACTIVITIES Unrestricted Restricted Funds Funds 2023 2022 Youth Club & GAA Income 179,812 179,812 162,761 EXPENDITURE CHARITABLE ACTIVITIES Direct Costs Other Costs Support Costs 2023 2022 Charitable Expenditure 349,529 349.529 316.862 SUPPORT COSTS Charitable Activities 2023 2022 EA - IT Capacity EA - Period Poverty EA- Core Youth Club Expenses GAA Expenses Depreciation Other Grant Funding 11.740 557 65.800 5,092 139,123 93.550 1,000 288 82,871 288 82,871 142.510 100.479 23,381 142,510 100.479 23,381 349,529 349,529 316.862 ANALYSIS OF SUPPORT COSTS 2023 2022 EA- IT Capacity EA - Period Povety EA- Core Youth Club Expenses GAA Expenses Depreciation Other Grant Funding 11,740 557 65.800 5,092 164,956 93,550 1,000 288 82.871 142,510 100,479 23,381 349,529 342,695 14
Clann Eireann Youth Club NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 30 September 2023 NET INCOMING RESOURCES 2023 2022 Net Incoming Resources are stated after chargingl{crediting)". Depreciation of tangible assels Audrtor's remuneration.. audit services 100,479 93,550 5,440 4,174 EMPLOYEES AND REMUNERATION The staff costs comprise.. 2023 2022 Wages and salaries Pension costs 59,924 36,188 1,292 59,924 37,480 GRANTS 2023 2022 Movement on outstanding accrued grant commitments for the financial year.. Commitmenls brought fotward 20.925 TANGIBLE FIXED ASSETS Land and Fixtures, buildings fittings and freehold equipment Total Cost At 1 October 2022 Additions 3.249,452 62,375 49,463 3,311.827 49.463 At 30 September 2023 3,249,452 111,838 3,361.290 Depreciation At 1 October 2022 Charge for the financial year 603,778 83,452 43,731 17.027 647,509 100,479 At 30 September 2023 687,230 60.758 747,988 Net book value At 30 September 2023 2,562,222 51,080 2,613,302 At 30 September 2022 2,645,674 18,644 2,664,318 10. STOCKS 2023 2022 Stock (non trading) 50 50 15
Clann Eireann Youth Club NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 30 September 2023 11. DEBTORS 2023 2022 Other debtors Prepayments and accrued income 9,053 5,000 15,688 16,562 14,053 32,250 12. CREDITORS Amounts falling due within one year 2023 2022 Bank overdrafts Trade credilors Taxation and social security costs {Note 13) other creditors Accruals and deferred income 41.417 3,507 526 64,400 3.800 7,240 3,827 184 73,248 23.425 113.650 107.924 13. TAXATION AND SOCIAL SECURITY 2023 2022 Creditors: PAYEI NI 526 184 14. RESERVES 2023 2022 At 1 October 2022 Deficit for the financial year 2.599.453 (69.756) 2.637,709 {38.256) At 30 September 2023 2,529.697 2,599.453 15. FUNDS 15.1 RECONCILIATION OF MOVEMENT IN FUNDS Unrestricted Restricted Funds Funds Total Funds At 1 October 2021 Movement during the financial year 2.616.816 (47,732) 20.893 9,476 2,637.709 (38.256) At 30 September 2022 Movement during the financial year 2,569,084 (63,177) 30,369 {6,579) 2.599.453 (69.756) At 30 September 2023 2.505.907 23,790 2,529,697 16
Clann Eireann Youth Club NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 30 September 2023 15.2 ANALYSIS OF MOVEMENTS ON FUNDS Balance 1 October 2022 Income Expenditure Transfers Balance between 30 September funds 2023 Restricted funds Education Authority Other Grants 18,761 11,608 66,264 33,697 83,159 23,381 1.866 21,924 30,369 99,961 106,540 23.790 Unrestricted funds Capital General 1,953,427 615.657 83,452 159,537 1,869.975 635,932 179,812 2,569,084 179,812 (242.989) 2.505,907 Total funds 2,599,453 279,773 349,529 2.529.697 16. RELATED PARTY TRANSACTIONS The trustees consider Clann Eireann Social Club lo be a related party. During Ihe course of the year an amount of £9,127 was received from the social Club, no monies are owed al the year end. There were no other were related paty transactions and there were no transactions to or from any Trustees during the year. 17. CASH AND CASH EQUIVALENTS 2023 2022 Cash and bank balances Bank overdrafts 15,942 (41.4171 10.759 (7,240) (25,475) 3,519 17