2025-03-31-accounts

LARNE FOOTBALL CLUB (NI) REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2025 Company R?gl8tratlon No: Nl 623433 Charlll•• Commlmlon Nl No.. 101698 TMD Accountan Practlce Chartered Accountants 35 Ballylough Road Donaghdoney BT66 7PQ

LARNE FOOTBALL CLUB (NI) FINANCIAL STATEMEKrs YEAR ENDED 31ST MARCH 2025 CONTENTS PAGES Officers arKI professional advisers DSrectors' report Accounlants. report statement of financial activitles Balance sheet Notss lo the finandal statements

LARNE FOOTBALL CLUB (NI) OFFICERS AND PROFESSIONAL ADVISERS Committee of ManagThnt- Dlrectors M Awilknnson RFShaw M McGuigan A Rcmjers Reglstsred office Inver Park Inver Road Larne Co Antrim BT40 38W Accountsnts Chartered A(￿untants 35 Ballylough Road Donaghthney BT66 7PQ

LARNE FOOTBALL CLUB (NI) DIRECTORS, REPORT YEAR ENDED 31ST MARCH 2025 The Dlre¢tors have pleasure in presentiThJ thelr report and the finarKial statements of the mpany for the year ended 31. Mwch 2025. PRINCIPAL ACTIVITIES AND BUSINESS REVIEW Our Alms and Objecdv Lame Football Club Nl prorn￿ communty parbcipation In healthy re¢Jeation as well as social dèvelopment of the players and their families by provKling fa(alities for lh8 playing of Association Football for the residents of Lame arKI its environs. Providè and assist In providing fwlities for st￿. recreatK>n cf th ￿￿re-time oCC￿patIOn of such persons who have need for such facilities by reason of their youth, age. infiThty or disablem8nt, POV8ty or social and economic circxjmstsn￿s or for the putrAic at large in the interests of social welfare. Public BenèfiL" We do thi5 through provmjing a range of actIv[t￿ whth meet the needs of local communities induding (xxhing aTrJ thing of amateur f￿tball, organisation of actiwties vthich health and wdlbwng arKJ k)sitNe mental health. We engage wlth people frcyn disadvantag8d communilies aThJ communities with highèr levels of poverty and encourage them to use our facilities at Inver Park. brI￿Ing together and tac￿[n9 sectarianism and raosm. confribubng to a strony i?wc s￿iety. The ben8fft of th8se objectives and activibes Is improved health and Wellbei￿ in people who participate. improved skills and kncwAedge and improved confidence and selfsteem. contributing towards a better qualty of life. The aclivtties also benefft thé wider ￿)Mmunity by bringing people together frcrfn dlfferent areas impacted on by povwty. promotrng better cx)mmunty relations and social (%Jhesion. Ham: Potential harn caused by our activibes would includ8 injury through participat¥ig in recrtstmyj acbwties such as amateur football C#)aching that were not properly (ffganised. Similarly. potential harni may ￿ from our premises and stsdium rf they are not properly maintained arKJ ￿U￿j injure mernbers of the public. H¢yiever. the risk of such hami arislng is rare and the risk of any hami wising i% outweighed by the over811 benefft to the pubfic. Purposes.. Advance the education of chihjren and young people through Such means as the Directcys think fft in ￿1rdan￿ with the law of chaiity. Public Benefft: We ath￿ve this purposes through defrvering eduth programmes su¢h as those invofving arts. trafts and music for disaokntsged thildren and young peoF4e. These brirKJ range of beneffts to L*lldren and young p￿pIe induding. improving participation In education, ImprovirKJ sknlls and kno￿8. ir￿astn9 participalon In 8oclety and improving nfidence and self esteem. Potential Hann: Potential hami from our 8Ctivits8s may come from using equipment that is unsaf8 or undertaking activities in prernis8S that are not fft for purpose or using tutors and vdunteers who are unskilled. H￿￿ever. the risk of such hami arislng is raffj and the of any hami artsuYJ is (wJlwelgh8d by the 0￿ra11 benefft to the public. This report has been prepared In actordance ￿ the speda provlsk)ns for small cornpanles under Part 15 of the Companies Acl 2CK)6. By order of the board Trusts• Date: V4ki•

INDEPENDENT ACCOUNTANTS' REPORT TO THE MEMBERS OF LARNE FOOTBALL CLUB (NI)

YEAR ENDED 31ST MARCH 2025

We report to the trustees on our examination of the accounts of Lame Football Club (NI) for the year ended 31 March 2025.

Respective responsibilities of charity directors and examiner;

As the charity directors you are responsible for the preparation of the 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 eligible 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 Northern Ireland under section 65(9)(b) of the Charities Act 2008.

• _[state whether particular matters have come to our attention. ]

Basis of independent examiner's 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 directions given by the Charity Commission for No1thern Ireland under Section 65(9)(b) of the Charities Act. The examination included 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 those accounting records;

• _ that the accounts do not comply with the accounting requirements of the Section 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 understanding.

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 Accountants 35 Ballylough Road Donaghcloney BT66 7PQ Date:

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LARNE FOOTBALL CLUB (NI) STATEMEKf OF FINANCIAL ACTivmES YEAR ENDED 31ST MARCH 2025 2025 2024 Total Total Incomlng Rosourcos Donations Rgnt Incorne R81ease of grant 33,622 44,193 13,106 33,622 44,193 13,11 39.206 (98,559) 9,643 SYl.921 go,￿21 (49.710) Resoure•s Expondod Running costs Office costs Legal and Fyofessional fees Donalions Upkeep aThJ maintenance DeF￿lation Loan interest 27,834 1193 3.977 15.605 27.834 2.193 3.977 15,605 489 6,350 27,392 2,731 81.695 744 84.1V2 1.091 84.162 1,091 142.407 142,407 119.401 Surplus (d￿￿t) forth? year (51.486) (51.486) {169.111) Balance Ixought fomrd 2.869.657 193.374 3,063,031 3.232,142 Balan¢8 crfed foThYard 2.818.171 193.374 3.011,545 3.063.031 AJI of th8 (¥)M￿￿8 &viti8s are (*sod as (x)ntiiuirvJ. Movements on reseN88 and all rwnised gths arKJ losses W8 shown abov8.

LARNE FOOTBALL CLUB (NI) BALANCE SHEEr AT 31ST MARCH 2025 2025 2024 Flxed assets 3.063.700 3.123.186 Current Assets Debtors Bank cash 7,768 56.322 7.733 53.112 60,845 Current Liabillilos (9.822) (25,957) Not CurrentA880ts 54.268 34.888 3.117.968 3.158,074 Long Temi Liabiltttes (106,423) (95.043) Total NotAss6ts 3.011,545 3,063.031 3.011,545 3,063,031 These financial statements have tjeen preparal fft accordanc8 wlth the special provisions for small companies under Part 15 of the Companles Act 2[￿ and in accordan￿ vlth the Flnandal ReE￿ng SlaNlard for Smaler EntrN88. These financial Stat￿nents were awoved by trustees on the signed on ￿1r b8haff ty. and are Trustee Trustee

LARNE FOOTBALL CLUB (NI) FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2025 AccouiillNG POLICIES (a) Bas1• of accountlng The ()arity ￿nS￿luteS a putlic berfft enbty as defined by FRS 102. The Itnanc181 statements are prepared on the golrvJ concwn basL8 and under tho hlstorlcal cost oxventlon. follow the r￿MmendatIOr￿ in Stst8mont of Re(￿￿end@d Practice: Aco)unting by Charities and in acc4xdance wilh FRS 102. The reportlng curr•ncy18 StertlrwJ. (b) In¢omlng resour¢o8 In¢x)me fn)m grants and donat￿818 Ind￿led In full In the Sxatsment of Financial Activities when ￿e1Vable. other Ina)m b ¢xodited to Incoming resources on an 0(Xn￿lS basis. (c) Tanglble fixed assets Th8 Cost of tanglble fixed 88s6ts18 thelr purcha80 (Y)8t together wlih any Incidental C¥)8ts of acquisitKJn. Depreciation is calculated to wrrte off the wst of tanglble Ilxed assets, th &llmat•J resklual vall￿. on a stralght Ilno basks over th8 expected useful e¢l¥￿M￿ IIv88 cl tho as8ets 0￿¢￿1￿d. Tho prlnclpal annual rate used fr th18 wrpo8e 18: Land BuMdlr#J8 and grounds Plant and flxtur85 Nil% YA p.a. 10% p.a. (d) Gr•nt• CapFtsI grants are recognised os a long tem <Yedltor and released to the Income and expendlture account over the same e8￿rna￿d useful life as the asset to which relats818 depreaated. The prlndpal annual rate us8d thls purpose Is: Plant and ilxture8 10% p.8.

LARNE FOOTBALL CLUB (NI) FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2025 2. TANGIBLE FIXED ASSETS Plant & Ilxtu Bulldlng• & ground L•nd Total Cosl At 1 April 2024 Additions 207.184 3.040.381 3,456,442 24.676 208.877 24.676 At 31 2025 233.553 207.184 3.040.381 3,481.118 Doweclatlon At 1 AprS12024 Chwge for year 51.IX>9 282,247 63.274 333,256 84,162 At 31 Marth 2025 71,897 345.521 417.418 Net book valu• At 31 March 2025 161.656 207.184 2.694.860 3.063,700 At 31 March 2024 157,868 207.184 2.758.134 3,123,186 DEBTOR8 2025 2024 Prepayments and a￿Ued Income Other debtorn 7,488 245 7.768 7,733

LARNE FOOTBALL CLUB (NI) FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2025 CREDrroRS 2025 2024 Amounts falling duo Within ono year. Accruals and deferred incoff 3.100 22.857 25.957 6,822 9,822 Amounts falllng after one year. Loan Grants ($98 bèlow) 13.955 92.468 106.423 24.103 70.940 95.043 Grant: Balance forniard Received durirvJ the y&qr Released 50.633 29.950 (9.643) 70.940 34,634 {13.1(￿) 92.468 Net book value ANALYSIS OF NEf ASSETS BEfwEEN FUND8 R08trIct￿ Unro8trlct•d Total Tangible r￿ed assèts Net c#Jrrent assets Long tern liabilitss Nat assets at 31 March 2025 3.(￿3.700 (139.106) (106,423) 2.818,171 3.063.700 54.268 (106,423) 3.011.545 193.374 193.374 RELATED PARTY TRANSACTIONS No transa¢tion8 with related parties were undertaken such as are requred to be disdosed under Financial RewtsrvJ Standard 8. LIABILrrY OF MEMBER8 Lame Fcotball Club (Nl) 18 a C￿panY limitad by guarante8 and does not have a share capital.