Charity nuEnber: NIC101699 Company number: N1624215 Soccer Indoors Ltd. (A eompany limited by guarantee) Dir¢ctors' report and unaudited financial statements ror tbe year ended 31 December 2022
Soccer Indoors Ltd. (A company limited by guarantee) Contents Page Legal and administrative infomiation Directors, Teport Independent examiners, report Statement of financial activities Balance sheet Notes to the financial statements 8-13
Soccer llldoors Ltd. (A company limited by guarantee) Legal and administrative inforn]atio Charity number NIC101699 Company registration number N1624215 Registered office 7 Lisnisky Lane Portadovm Co Arn)agh BT63 5RB Directors Jamie Brown Sandra Rae Scott Rae Alan Hynes Accountants SD Brown & Company 25-27 Edward Street Portadown Co Arniagh BT62 3NE Bankers Barclays Bank 17 C&8tle Place Belfast BTI IEL Page I
Soccer Indoors Ltd. (A company li]nited by guarantee) Report of the directors for the year ended 31 December 2022 The directors present their report and the financial statements for the year ended 31 December 2022. The directors of Soccer Indoors Limited who served during the year and up to the date of this report are set out on page l. Structurey governance and management The company is constitued by it's Memorandum and Articles of Association. and limited by Guarantee, having no ShaTe Capitsl. Only persons who subscribe to the objecls expressed in the Memorandum of Association of the Company, and appointed by the company in a General Meeting can be admitted as Directors RISKS The Executive Con]mittee has conducted its own review of the major risks to which the company is exposed, and systems have been established to mitigate those risks. In order to rninimize internal risks, and to ensure the consistent quality of delivery for all operational aspects of the company procedures for authorization of all transactions, and projects have been implemented. Objecttves and activities The objectives and activities of the company are those of promotion of recreation and physical education and provide support to Ripples Special Olympics Sports Club. Financial review The results of the company for the year are detailed on pag¢s 5 to 13. Plans for fulure periods We aim to continue the objectives and activities set out ID the above paragraph. Funds held as custodian trustee on behalf of others No funds are held as Custodian on behalf of others. Statement of directors, responsibilities The director5 are responsible for preparing the Directors, Am]ual Repaort and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Law applicable to charities in Northern Ireland requires the trustees to prepare financial statements for each financial year which give a true and fair view of charity and of the incoming resources and application of resources of the charity for that year. In preparing these financial statements the directors are required to: select suitable accounting policies and then apply them consistently- observe the methods and principles in the Charities SORP. make judgements and estimates that are reasonable and pdent. state whether applicable UK Accounting Standards have been followe¢ subject to any material deparNres disclosed and explained in the financial statements" and prepare the financial statements on the going concern basis unless it Is inappropriate to presume that the charity will continue in operation. Page 2
Soccer Indoors Ltd. (A company limited by guarantee) Report of the directors for tbe year ended 31 December 2022 The directors aTe responsli )le for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with the Companie5 Act 2006. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Small company provisions This report has been prepared in accordance with the provisioDS applicable to companies subject to the small companies, regime. On behalf of the board Scott Rae Director 20 September 2023 Page 3
Soccer Indoors Ltd. (A company limited by guarantee) IndependeDt examiner's report to the trustees on the unaudited financial statements of Soccer Indoors Ltd.. I report on the accounts of Soccer Indoors Ltd. for the year ended 31 December 2022 set out on pages 2 to I l. Respective responsibilities of trnstees and independent eLqminer As the charity trustees (and also the directors of the companv for the pury)oses of company law) you are responsible for the Preparation of the accounts in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the charity is not subject to audit under company law, and is eligible for independent examination, it is my respon5ibilty to= l) examine the accounts under section 65 of the Charities Act 2) follow the procedures laid down in the tseneral Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act 3) state whether particular matters have come to my attention. Basis of independent examiner's statement I have examined your charity accounts as required under section 65 of the Charities Act and my examination was cTled out in accordance with the tseneral Directions given by the Charity Commission for Northern 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 Consideration of any unusual items or disclosures in the accounts and seeking explanations from you charity tnteeS concerning any such matters. My role is to state whether any material matters have come to my attention giving me cause to believe: a) that accounting records were not kept in accordance M'ith section 386 of the Companies Act 2006 b) that the accounts do not accord with those accounting records c) that the accounts do not comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principle5 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 d) that there is further inforniation needed for a proper understanding of the accounts to be reached Independent examiner's statemeDI I have completed m} examination and have no concerns in respect of the matters (a) to (d) listed above and in connection with following the Directions of the Charity Commission for Northern treland. i have found Tho matters that require drawing to your attention. Independent examiner Samuel David Brown Chartered Certified Accountant Carnegie Building 25-27 Edward Street Portadown Co. Armagh BT62 3NE 20 September 2023 Page 4
Soccer Indoors Ltd. (A company limited by guarantee) Statement of fmancial activities (incorporating the income and expenditure account) For the year ended 31 December 2022 Unrestricted funds 2022 Total 2021 Total Notes Incoming resources Incoming resources from generating fill)ds: Activities for generating funds Bank tnterest Receivable 18,712 13 18.712 13 41,365 Total incoming resources 18,725 18,725 41374 Resources expended Establishment costs Accountancy fees Computer Costs Telephone DepTeciation General expenses Sports Clothinglfootballslsundries 22,726 1,903 299 397 245 1,114 22,726 1,903 299 397 245 1,114 28,591 2,197 155 326 194 Totsl resources expended 26,684 26,684 31,654 Net incomingl(outgoAng) resources for the year I Net incomel(expense) for the year (7,959) (7,959) 9,720 Total fimds brougbt forward Total funds carried fonyard 32,255 32255 22,535 24,296 24,296 32,255 The statement of financial activities includes all gains and losses in the year and therefore a separate statement of total recognised gains and losses has not been prepared. All of the above amounts relate to continuing activities. The notes on pages 8 to 11 forni an integral part of these financial statements. Page 5
Soccer Indoors Ltd. (A Company limited by guarantee) Balance sheet as at 31 December 2022 2022 2021 Notes Fixed assets Tangible assets Current assets Cash at bank and in hand 734 979 33,209 38,360 33209 38,360 Creditors: amounts falling due within one year (9,647) (7,084) Net current assets 23,562 31,276 Net assets 24.296 32,255 Funds Unrestricted income funds 24,296 32,254 Total funds 24,296 32,255 The Balance Sheet continues on the following page. The notes on pages 8 to I I fom an integral part of these financial statements. Page 6
Soccer Illdoors Ltd. (A company limited by guarantee) Balance sheet (continued) Trustees statements required by the Companies Act 2006 for the year ended 31 December 2022 In approving these financial statements as trustees of the company we hereby confirni that: (a) for the year the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. (b) the members have not required the company to obtain an audit of its accounts fior the year in question in accordance with section 476. (c) the directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. (d) these accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies. regime. The fmancial statements were approved by the board on 20 September 2023 and signed on its behalf by Scott Rae Director Alan Hynes Director The notes on pages 8 to 11 form an illtegraI part of these financial statements. Page 7
Soccer Indoors Ltd. (A company limited by guarantee) Notes to financial statements for the year ended 31 December 2022 Accounting policies The principal ac¢ountin<r policies are summarised below. The accounting policies have been applied consistently throughout the year and the preceding year. Basis of accounting The ffftancial statements are prepared under the historical cost convention and in accordance with the Statement of Recommended Practice 'Accounting and Reporting by Charities, issued in March 2005 (SORP 2005) and the Companies Act 2006. 1.2. Cashflow The charity has taken advantage of the exemption in FRSI from the requirement to produce a cashflow statement because it is a small charity. 1.3. Incoming resources All incoming resources are included in the statement of financial activities when tbe charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular cateoories of income: Income from the charity shop is included in the year in which it is receivable. Income from investments is included in the year in which it 15 receivable. 1.4. Resources expended Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and És reported as part of the expenditure to which it relates. Costs of generating funds comprise the costs associated with attracting voluntary income and tbe costs of trading for fimdraising purposes including the charitys shop. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and servi¢es for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating inforniation in support of the charitable activities. 1.5. Tangible red assets and depreciation Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected use1 life, as follows". Fixtures, fittings and equipment 250/0 straight line Page 8
Soccer Indoors Ltd. (A company limited by guarantee) Notes to financial statements for the year ended 31 December 2022 Activities for generating funds Unrestricted funds 2022 Total 2021 Total Pitch fees CJRS GRANTS DOF- LOCALISED RESTIUCTIONS GRANTS 18,712 18.712 11,185 2,067 28,113 18,712 18,712 41,365 Investment ineome 2022 Total 2021 Total Bank interest receivable 13 13 Employees Employment costs There was one employee during the year ended 31 December 2020. All other labour was by way of volunteers. Taxation The charity's activities fall within the exemptions afforded by the provisions of the Income and Corporation Taxes Act 1988. Accordingly, there is no taxation charge in these accounts. Page 9
Soccer Indoors Ltd. (A company limited by guarantee) Notes to financial statements for the year ended 31 December 2022 Fixtures, rittings and equipment Tangible fixed assets Total Cost At l January 2022 and At 31 December 2022 5,462 5,462 Depreciation At l January 2022 Charge for the year 4,483 245 4,483 245 At 31 December 2022 4,728 4,728 Net book values At 31 December 2022 734 734 At 31 December 2021 979 979 Creditors: amounts falling due within one year 2022 2021 Trustees, current accounts Accruals and deferred income 8,272 1,375 5.884 1,200 9,647 7,084 Analysis of net assets between funds Unrestricted funds Total funds Fund balances at 31 December 2022 as represented by: Tangible fixed assets Cuent assets Current liabilities 734 33,209 (9,647) 734 33,209 (9,647) 24,296 24,296 Page 10
Soccer Indoors Ltd. (A company limited by guarantee) Notes to financial statements for the year ended 31 December 2022 Unrestrieted funds At At l January Incoming Outgoing 31 December 2022 resources resources 2022 UnreslTiCted Funds 32255 18,725 (26,684) 24,296 10. Capital commitments The Company bad no Capitsl Commilments at 31 December 2022 11. Controlling interest The controlling party of the company is considered to be the Board of Trustees. 12. Company limited by guarantee Soccer Indoors Ltd. is a company limited by guarantee and accordingly does not have a share wiital. Every member of the company undertakes to contribute such amount &$ may be required not exceeding £1 to the assets of the charitable company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a rnember. Page 11
Soccer Indoors Ltd. (A company limited by guarantee) The following pages do not forni part of the statutory accounts.
Soccer Indoors Ltd. (A company limited by guarantee) Detailed statement of financial activities For the year ended 31 December 2022 2022 2021 ActivitifOr generalingfvnds Pitch fees CJRS GRANTS DOF- LOCALISED RESTRICTIONS GRANTS 18,712 11,185 2,067 28,113 18,712 41,365 Imyestment income Bank interest receivable 13 13 Total illcoming resources from generating funds 18,725 41,374 Totsl incoming resources 18,725 41,374 Shop costs Pitch costs- Rent Pitch costs - Establishment- Ratrs & water Pitch costs - light and heat Pitch costs - repairs and maintenance Bank Interest & Fees Pitch costs - Wages Accountancy fres Depreciation 10,400 136 2,350 3.371 228 6,241 1,903 245 10,400 128 1,256 10,396 171 6,240 2,197 326 24,874 31,114 Total fundraising trading cost of goods sold and other costs 24,874 31,114 Total costs of generating funds 24,874 31,114 Page 13
Soccer Indoors Ltd. (A company limited by guarantee) Detailed statement of fmancial activities For the year ended 31 December 2022 2022 2021 Charitable activities Activity I Activities zinderlaken directly Telephone Computer Costs General expenses Sports Clothingifootballslsundries 397 299 1,114 155 194 191 1,810 540 Activity I total expenditure 1,810 540 Total charitable activity expenditure 1,810 540 Net incomingl(outgoing) resources for the year (7,959) 9,720 Page 14