LARNE FOOTBALL CLUB (NI) REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2024 Company Reglstration No: Nl 623433 Charitles Commlsslon Nl No: 101698 TMCD Accountsnc Practice Chartered Accountants 35 Ballylough Road Donaghcloney BT66 7PQ
LARNE FOOTBALL CLUB (NI) FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2024 CONTENTS PAGES Officers and professional advisers Directors, report Accountants, report ststement of financial activities Balan sheet Notes to the financial statements
LARNE FOOTBALL CLUB (NI) OFFICERS AND PROFESSIONAL ADVISERS Commlttee of Management - Directors G Humphrey JB Mccammon B McRandall J McKinsty D Neil MA Wilkinson Registered offica Inver Park Inver Road Larne Co Antrim BT40 3BW Accountants TMCD Accountancy Practice Chartered Accountants 35 Ballylough Road Donaghcloney BT66 7PQ
LARNE FOOTBALL CLUB (NI) DIRECTORS, REPORT YEAR ENDED 31ST MARCH 2024 The Directors have pleasure in presenting their report and the financial statements of the company for the year ended 31st March 2024. PRINCIPAL ACTniiTIES AND BUSINESS REVIEW Our Aims and Objectives Larne Football Club Nl promotes community participation in healthy recreation as well as social development of the players and their families by providing facilities for the playing of Association Football for the residents of Lame and its environs. Provide and assist in providing facilities for sport, recreation or other leisure-time occupation of such persons who have need for such facilities by reason of their youth. age, infimity or disablement, poverty or social and economic circumstances or for the public at large in the interests of social welfare. Public Benefit: We do this through providing a range of activities which meet the needs of local communities including coaching and playing of amateur football, organisation of activities which promote health and wellbeing and positive mentsl health. We engage with people from disadvantaged communities and communities with higher levels of poverty and encourage them to use our facilities at Inver Park, bringing people together and tackling sectarianism and racism. contributing to a stronger civic society. The benefit of these objectives and activities is improved health and wellbeing in people who participate, improved skills and knowledge and Improved confidence and self-esteem, contributing towards a better quality of lrfe. The activities also benefit the wider community by bringing people together from different areas impacted on by povety, promoting better community relations and social cohesion. Harm: Potential harm caused by our activities would include injury through participating in recreation activities such as amateur football coaching that were not properly organised. Similarly, potential harm may come from our premises and stadium if they are not properly maintalned and could injure members of the public. However, the risk of such ham arising is rare and the risk of any hami arising is outweighed by the overall benefit to the public. Purposes: Advance the education of children and young people through such means as the Directors think fit in accordance with the law of charity. Public Benefit: We achieve this purposes through delivering education programmes such as those involving arts, crafts and music for disadvantaged children and young people. These bring a range of benefits to children and young people including, improving participation in education. improving skills and knowledge. increasing participation in society and improving confidence and self esteem. Potential Ham: Potential harm from our activities may come from using equipment that Is unsafe or undertaking activities in premises that are not fit for purpose or using tutors and volunteers who are unskilled. However, the risk of such harm arising is rare and the risk of any harm arising is Ouelghed by the overall benefit to the public. This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006. By order of the board Trustee Date:
INDEPENDENT ACCOUNTANTS, REPORT TO THE MEMBERS OF LARNE FOOTBALL CLUB (NI) YEAR ENDED 31ST MARCH 2024 We report to the trustees on our examination of the accounts of Lame Football Club (Nl) for the year ended 31 March 2024. Respective responsibilltles of charity directors and examinar: As the charity directors you are responsible for the preparation of th8 accounts in accordance with the requirements of the Companies Act 2006. Having satisfied ourselves that the charity is not subject to audit under company law, and is eligi ble for independent examination, it is our responsibility to; examine the accounts under section 65 of the Charities Act 2008", follow the procedures laid down in the general directions given by the Charity Commission for Northem Ireland under section 65(9}(b) of the Charities Act 2008. state whether particular matters have come to our attention. Basls of Independent examinerfs report We have examined your charity accounts as required under section 65 of the Charities Act and our examination was carried out in accordance with the general d irections given by the Charity Commission for No1thern Ireland under Section 65(9)(b) of the Charities Act. The examination induded a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included a consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity directors concerning any such matters. Our role is to state whether any material matters have come to our attention giving us cause to believe: - that accounting records were not kept in accordance with section 386 of the Companies Act 2006" - that the accounts do not accord with thos8 accounting records" that the accounts do not comply with the accounting requirements of the Sedion 396 of the Companies Act 2006 and the methods and principles of the Charities 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. - that there is further information needed for proper understsnding. Independent examiner's statement We have completed our examination and have no concerns In respect of the matters listed above and, in connection with following the directions of the Charity Commission for Northern Ireland, we have found no matters that require drawing to your attention. TMCD Accountancy Practice Chartered Accountsnts 35 Ballylough Road Donaghcloney BT66 7PQ Date:
LARNE FOOTBALL CLUB (NI) STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31ST MARCH 2024 2024 Restricted 2023 Total Unrestrlcted Total Incomlng Resources Donations Rent Income Release of grant 39.206 (98,559) 9,643 39,206 (98.559) 9,643 445.551 54,390 6.648 (49,710) (49,710) 506,588 Resources Expended Office costs Legal and professional fees Donations Upkeep and maintenan Depreciation Loan interest 489 6,350 27,392 2.731 81,695 744 489 6,350 27,392 2,731 81,695 744 4,307 13,647 21,512 495 75,304 1,743 119,401 119,401 117,008 Surplus (deflclt) for the year (169,111) {169,111) 389,581 Balance brought forward 3,038,768 193,374 3,232,142 2,842,561 Balance carried forward 2,869,657 193,374 3,063,031 3,232,142 All of the company's activities are classed as continuing. Movements on reserves and all recognised gains and losses are shown above.
LARNE FOOTBALL CLUB (NI) BALANCE SHEET AT 31ST MARCH 2024 2024 2023 Notss FIXED ASSETS Tangible fixed assets 3,123,186 3,123,186 CURRENT ASSETS Debtors Bank and cash balances 7,733 53,112 148,695 43,491 60.845 192,186 CURRENT LIABIUTIES Creditors 25,957 30,419 NET CURRENT ASSErs 34.888 161,767 3,158,074 3,316.778 LONG TERM LIABILITIES 95.043 84.636 TOTAL ASSETS LESS LIABILITIES 3,063,031 3,232,142 RESERVES Unrestricted reserves Restricted reserves 2,869,657 193,374 3,038,768 193,374 Reserves 3,063,031 3,232,142 Th8se financial statements have be8n prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006 and in accordance with the Financial Reporting Standard for Smaller Entities. These f nancial statements were approved by the trustees on the signed on their behalf by: and are Trustee < Trustee
LARNE FOOTBALL CLUB (NI) FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2024 ACCOUNTING POLICIES (a) Basls of accounting The charity constitutes a public benefit entty as defined by FRS 102. The financial statements are prepared on the going conrn basis and under the historical cost convention, follow the recommendations in Statement of Recommended Practice: Accounting by Charities and in accordance with FRS 102. The reporting currency is Sterling. (b) Incoming resources Income from grants and donations is included in full in the Statement of Financial Activities when receivable. Other income is credited to incoming resour on an accruals basis. (c) Tanglble fixed assets The cost of tangible fixed assets is their purchase cost together with any incidental costs of acquisition. Depreciation is calculated to write off the cost of tangible fixed assets, less their estimated residual values, on a straight line basis over the expected useful economic lives of the assets concemed. The principal annual rate used for this purpose is: Land Buildings and grounds Plant and fixtures Nil°/o 29/0 p-a. 100A p.a. (d) Grants Capitsl grants are recognised as a long temi creditor and released to the income and expenditure account over the same estimated useful life as the asset to which it relates is depreciated. The principal annual rate used for this purpose is.. Plant and fixtures 10Yo p.a.
LARNE FOOTBALL CLUB (NI) FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2024 2. TANGIBLE FIXED ASSETS Plant & fixtures Buildings & grounds Land Total Cost At 1 April 2023 Additions 208.877 207,184 2.990.511 49,870 3,406,572 49,870 At 31 March 2024 208,877 207,184 3,040,381 3,456,442 Depreciatlon At 1 April 2023 Charge for year 30,121 20,888 221 ,440 60,807 251,561 81.695 At 31 March 2024 51,009 282,247 333,256 Net book valuo At 31 March 2024 157,868 207.184 2,758,134 3,123,186 At 31 March 2023 178,756 207,184 2,769,071 3,155.011 DEBTORS 2024 2023 Prepayments and accrued income Other debtors 7,488 245 145.000 3,695 148.695 148,695
LARNE FOOTBALL CLUB (NI) FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2024 CREDITORS 2024 2023 Amounts falling due within one year: Accruals and deferred income Other creditors 3,100 22,857 25,957 25.500 4,919 30,419 Amounts falling due after one year: Loan Grants (see below) 24,103 70,940 95,043 34,003 50,633 84,636 Grant: Balance forward Received during the year Released 50.633 29,950 (9,643) 70,940 30,266 27,015 {6,648} 50.633 Net book value ANALYSIS OF NET ASSETS BEfwEEN FUNDS Restricted Unrestricted Total Tangible fixed assets Net current assets Long tenn liabilities Net assets at 31 March 2024 3,123,186 (158,486) (95.043} 2,869,657 3,123,186 34.888 (95,043) 3,063,031 193,374 193,374 RELATED PARTY TRANSACTIONS No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Stsndard 8. 7. LIABILITY OF MEMBERS Larne Football Club (Nl) is a company limited by guarantee and does not have a share capital.