Clann Eireann Youth Club STATEMENT OF FINANCIAL ACTIVITIES for the financial year ended 30 September 2024 Unrestricted Restrictsd Fund¥ Fund5 2024 2024 Total Unrestricted Restiicted Funds Funds Funds 2024 2023 2023 Total Funds 2023 Notes Incomlng Resources Voluntary Income Activities for generating funds 17.895 244.991 118.1n 136,06B 244991 99.961 99.961 179,812 179.812 Totsl In¢ornlng resources 262,886 118.173 381.059 179.812 99,961 279.773 Resourc•s Exp•nd•d Charitable actmtses 320.390 116.041 436.431 242.989 106.540 349.529 Net incomingloutgoing r•sourc•s b•for• transf•rs 157.5041 2.132 155.3721 (63.177) 16.5791 {69.756) Transfe betsveen frjnds Net movement in fund5 for the financial year 157.5041 2.132 (55.372> 163.177) 16.5791 (69.7561 Reconciliation ot fund$: Totsl fvnds beginning of the year 15 2.505.907 23.790 2.529.697 2.569.084 30,369 2,599,453 Total funds at the end of th• y94r 2.448.403 25.922 2.474.325 2.505,907 23,790 2.529,697 The Statement of Financial Activiii85 indLKles all g8in5 and kJsse5 recogni59J In the fnarKial year. All income and expènditur& relate to continuing athilies. The note8 on pages 13 to 17 of Iha flnarthl stalgrnwts 10
Clann Eireann Youth Club BALANCE SHEET as at 30 September 2024 2024 2023 Notes F5xed Assèts Tangible assets 1537.946 2,613,302 Curr•nt Auats Stocks Debto Cash at bank and in hand 10 11 37,945 31A62 14,053 15,992 fj9.45T 30,095 Credltivs: Amounts falllng due wlthin one year 12 1133,078) {113.7001 Net Current Uabllftlès (63,6211 183.605) Total Assets less Current Liabilities 2.474.325 2,529,697 Funds Reslrtcled twst funds Designated fvrKls {Unreslricted) Gtrneral fund lunreslricted) 25,922 1.807,39Q 641.013 23.790 1.869,975 635.932 Total funds 15 2A74.325 2,529,697 Approv•d by thè Bo•rd of Trustees and authorisod for Issue on 27 November 2024 and slgn•d ¢)n Its behalf Roisln Bell Trust Mlehaèl PAulholland Trustee The ge8 13 to 17 ytoftho f481 statemwis 11
Clann Eireann Youth Club STATEMENT OF CASH FLOWS for the financial year ended 30 September 2024 2024 2023 Cash flows from operating actlvltles Net movement In lund5 Adjustments for: Depwiaknn {$5J721 169.7561 93.251 100,479 37,879 30,723 Movements in Wolrg caphal: Movement in debt$ Movemgnt in cre<lltors {23.8921 19.060 18.197 {28.4511 Cash generated from operalions 33.047 20,469 Ca$h Ilows from Investing activities PayTnerts to acquire tangible assets {17,8951 149.4631 Met inereasèl{deereasel in cash and cash equivalènts Cash and ¢a$h equivalents at the boginnlng of the ye¥ 15.152 125.475) {28,9941 3.519 Cash and cash equivalents at the end of the year 11 {10,3231 125,475} 12
Clann Eireann Youth Club NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 30 Septetnber 2024 GENEFIAL INFORMATION Clann Eir8ann Youth Club is a charity i)rpOrated in Northem Ireland. The rwS1e Offi of ltr company is 53 Lake Street. Lurgan, Co. Amiagh. BT67 9DT, Northem Ireland vthich is also th8 prinopal place of busines5 of the company The finanoal stslements have been presented in Pound 1£) whith 1$ also the function currency of the ¢ompany. SUMMARY OF SIGNIFICANT ACCOUNTING POUCIES The followng accoLmting policies have been apptied cmsistenuy in dealing wrth items ar8 considered material in rolation to the chariws financaal slatennts. Basis of PparatIon The financial ststements have iEen prepared the going (rtem basis under the historical cost convention, modffied lo indude certain itèms at fwr value. The financia siatements havè been prepared in accordance vlith the Statement of Recommended Practi ISORPI "A¢¢tIng and Reporting by Charities preparing their ac£ounts In aC{y)rth with the Financi RepcKbng standa applicable in the UK and Republic of Ireland FRS 102". As permtiled by the Companies Act 2006, the company has Ved the Standard fomiats in that act for the Statement of Financid AdltieS and the Balance Sheet. Departuies from the standard formals are to comply with the reQreMeftts of Ihe Charides SORP and are in ccrfnpliance th sedlon 4.7. 10.6 and 15.2 of that SORP. ststement of compllanee The financial Statements of company the finandal year ended 31 December 2017 have been prepare on the going concern basis and in accijrdance wilh the Statement of Recommen¢Jed Pffddi ISORPI -Accounting and Rewting by Charilies preparing their accounts in accordance with the Finanoal Rewrting standard applkatAe in the UK and Repubh'c of Ireland FRS 102". Ineoming Rg¥ources Voluntary incowne or capital is incfuded in the Stalemenl of Financial Activities when the company is legally gntitled lo it. it5 financial valu8 can b& quantified Vth reasonabk thnty and there is raasonablè (%rtarnty of its ultimate receipt. Enb"Uemenl to legarAes is conSided established when the rx)mpany has been notified of a distribution to be made by the executors. IncoTh received in a0ance of thje performance undar a contract is accounted for as deferred income until eamed. Grants for activits85 are recognised as incorne when the relat8d Qdit)nS for legal entitlement have m&L other wKome 15 accour¢ied for on an aciyuals basis. Resourc•s Expended AJI resour$ expended are acrnunted for on an acuuals Lvsis. Charitable acbvibes include costs of seNi and grants, support costs ar depreciation on related assels. Casts of gen8rating funds similarfy include fvndraising a¢tiw"lies. Non-staff costs not attributed to category of activity are allocated or apportroned pr(Trrala to the staffing of the relevant service. Finance. HR. IT and administratlve staff cx)sts are directly attributable io indlwdual activ83 ty objeclive. Govomance costs are those assooated wlth eonsbtutsonal and ststlrtory requirements. Tangible flxed assets and depreuation Tangible fixed assets are stated at cost or at vJuation. less atxJJmulated depreciation. The charge to depreciation is calojlated to write off the or31al cost or valuatirmj of tangitAe fixed assets. less their estimated rÈsidual value, over their expeetèd usèful lives as folk)ws_' Land aNJ bulldiThJs freehc4d Fixtures. fittings arKI equlprnent 4% Reducing Balan 25% Reducing BanCe Debtors Debtors are recoynised at tt)e setuefflent amount due after any discount offered. Prepayments are valued al the amount prepaid nel of any tradé discounts duè. In¢ome recognised by the company from goverrdnent agencies and other Tr>fvnders. but not yet rly&1 at year end. is included in debtors. Cash at bank and in hand Cash al bank and in hand comprises cash deposrt al bank5 requirng less than three months rK)tice of thdrawal. 13
continued Clann Eireann Youth Club NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 30 Seplembef 2024 Taxation and deferred taxation No current or deferred taxation arises as the Lx)mpany has been granted charrtable exemption. Irrecoverable valued added tax is expensed as incurred. INCOME DONATIONS AND LEGACIES Unrestricted Restrlcted Funds Funds 2024 2023 Grants Received 17,895 118,1n 136.068 99,961 OTHER TRADING ACTivrriES Unrnstrieted Restricted Funds Funds 2024 2023 Youth Club & GAA Income 244.991 244.991 179,812 EXPENDITURE CHARITABLE ACTIVMES Direct Costs Other Support Costs Costs 2024 2023 Charitable Expen(rrture 436.431 436.431 349,529 SUPPORT COSTS Charitable Activhles 2024 2023 &4- Period Povgty Depreciah"on GAA Expenses Other Grant FuNling EA-Crye 312 93.251 228.841 16,397 97.630 312 932S1 228.841 16.397 97.630 288 100.479 142.510 23,381 82.871 436.431 436,431 349.529 ANALYSIS OF SUPPORT COSTS 2024 2023 EA- Period Poverty DePalK)n Expenses Other Grant Funding E4- Core 312 93.251 228.841 16.397 97.630 288 100.479 142.>1U 23.381 82,871 436.431 349.529 INCOMING RESOURces 2024 2023 Net Incomlng Resour¢es are stated after charglngl(cre¢llUngl: Depreciation of tsngible assets Audilorfs remunerati¢)n.' - audit seryices 93.251 100.479 5,408 5.440 14
continued Clann Eireann Youth Club NOTES TO THE FINANCIAL STATEMENTS for the financAal yeai etmled 30 S8plember 2024 EMPLOYEES AND REMUNERATION The staff costs wnprise: 2024 2023 Wages and salaries 71.649 59,924 TANGIBLE FIXED ASSETS Land and Fixtures, building5 flttlngs and freghold equlpment Total Cost At 1 October 2023 Additsons 3.249.452 17.895 111.838 3,361,290 17.895 At 30 September 2024 3267,347 111.838 3.379,185 D8preciatlon At 1 October 2023 ChaffJè lor the financial year 687.230 80,480 60.758 12,771 747.988 93.251 At 30 September 2024 767.710 73.529 841,239 Not book value At 30 September 2024 2.499,637 38.309 2.537.946 Al 2n 23 2.562.222 51,080 2,613,302 STOCKS 2024 2023 Stock (non trading) 50 10. DEBTORS 2024 2023 Other debtors Prepayments arKJ ac£rued inojme 32.945 5.000 9,053 5.000 37,945 14.053 11. CASH AND CASH EQUIVALENTa 2024 2023 Cash and bank balances Bank overdrafls 31.462 141.785) 15.992 {41.4671 {10,323) 125.475} 15
o)ntinued Clann Eireann Youth Club NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 30 September 2024 CREDITORS Amounts falllng due wlthln one year 2024 2023 Bank overdr4ft8 Trade credr(ors Taxation and 5Unty o)sts (Note 13) Olher creditors Accruals arttl deferred incc*ne 41.785 1.760 41.467 3,507 526 64,400 55200 33,667 133,078 113.700 13. TAXATION AND SOCIAL SECURITY 2024 2023 Credltors: PAYE I NI 666 526 14. RESERVES 2024 2023 Al the beginning of the year Defiot for the finarKial year 2.529.697 155.3721 2,599,453 169,7561 At the end of the year 2A74,325 2.529,697 15. FUNDS 15.1 RECONCIUATION OF MOVEMENT IN FUNDS Unrestricted Rostricted Fund5 Fund5 Total Funds At 1 Octobor 2022 Movement during the financaal ye 2.569.084 {63,17n 30.369 {6.5791 2.599.453 {69.756} AI 30 September 20fJ Mov8mènl during the fin¢la1 year 2.505.907 157,5041 23,790 2.132 2.529,697 155.3721 At 30 September 2024 2.448,403 25.922 l474325 1&2 ANALYSIS OF MOVEMENTS ON FUNDS Balance 1 Octobèr 2023 come ExPditu Transfèrs Balance betsyccn 30 Septembcr funds 2024 Restricted funds Education Authority Otr Gr8nls 1,866 21.924 94.687 23.486 13,091} 29,013 16,397 23.790 118.173 116,041 25.922 Unrèstricted funds Capital General 1.869.975 635,932 17,895 252,2 80.480 247.199 1,807,390 641.013 2.505.gJ7 270.175 (327.6791 2.448.403 Total funds 2.529.697 388.348 443,720 2,474.325 16
continued Clann Eireann Youth Club NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 30 Sepiember 2024 16. RELATED PARTY TRANSACTIONS The trustees consider Clann Elan SoriJ Club to be a related paty. During the course ol the year an amcwnl of £7.259 was received from the Sla1 club. no moThes art owed al the year end. There were no olher were related party transadions and there were rw) Iransactions to OT from any Trustees during the year. 17