Charity number: NICIOJ699 Company number: N1624215 Soccer Indoors Ltd. (A eompany limited by guarantee) Dir¢ctor5' report and unaudited fan£]l statements for the year ended 31 December 2023
Soccer Indoors Ltd. (A company limited by guarantee) Contents Page Legal and administrdtive InforntiOn Directors, report Independent examiners, report Statement of financial activities Balance sheet Notes to the financÈaI statements 8-13
Soccer Indoors Ltd. (A company limited by guarantee) Legal and administrative inforniation Charity number NtClOl699 Company registration number N1624215 Registered office 7 Lisnisky Lane Portadown Co Arn)agh BT63 5RB Directors Jamie Brnwn Sandra Rae Scott Rae Alan Hynes Accountants SD Brown & Company 25-27 Edward Street Portadown Co Annagh BT62 3NE Bankers Barclays Bank 17 Castle Place Belfast BTI IEL Pvdge I
Soccer Indoors Ltd. (A company limited by guarantee) Report of the directors for tbe year ended 31 December 2023 The directors present their report and the fllwicial statements for the year ended 31 December 2023. 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. Structure? governance and management The company is constithed by ivs Memorandum and Articles of Association, and limited by Guarantee, having no Share Capital. Only persons who subscrlbe to the objects expressed in the Memorandum of Assoctatton of the Company, and appointed by the company in a General Meetino can be admitted as Directors RISKS The Executive Committee h&s conducted its own review of the major risks to which the company is expose¢ and systems have been established to mitioate those risks. In order to minitnize internal risks, and to ensure the consistent quality of delivery for all operational aspects of the company procedures for authori7Ation of all transactions, and projects have been implemented. Objectives and activities The objectives and activities of the company are those of promotion of recreation and physical education and provide support to Ripples Special OlJTnpics Sports Club. Financial review The results of the company for the year are detailed on pages 5 to 13. Plans for future periods We aim to continue the objectives and tiVItieS set out in the above paragrdph. Funds held as custodian trustee on bebalf of otbers No funds are held as Custodian on behalf of others. ststement of directors, responsibilities The directors are responsible for preparing the Directors, Annual Repaort and the fmancial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generalty 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 prePing 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 prndent: state whether applicable UK Accounting Standards have been followed. subject to any material departures disclosed and explained in the fU]Cial statements. and prepare the financial stafrments on the going concern basis unless it is inappropriate to presume that the charity will continue in operdtion. Page 2
Soccer Indoors Ltd. (A company limited by guarantee) Report of the directors for the year ended 31 December 2023 The directors are responsible for keeping proper accounting records which dIlOSe with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the fmancial statements comply with the Compankes Act 2006. They are also responsible for safeguarding the &ssets of the charlty 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 wkth the provisions applicable to companies subject to the small companies, regime. On behalf of the board Scott Rae Director 9 September 2024 Page 3
Soccer Indoors Ltd. (A compaDy limited by guarantee) IndependeDt examiner's report to the trnstees on the unaudited fancial statements of Soccer Indoors Ltd.. I report on the accounts of Soccer llldoors LtsL for the year ended 31 December 2023 set out on pages 2 to I l. Respective responsibilities of trustees and independent examiner As the charity tsustees (and also the directors of the company for the purposes 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 responsibilty to: l) examine the accounts under section 65 of the Charities Act 2) 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 3) state whether particular matter5 have come to my attention. Basis of independent examiner's statement I hav¢ examined your charity accounts as required under section 65 of the Ch1teS Act and my examination wa5 Cled out in accordance the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities ACL 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 item5 or disclosures in tbe accounts and seeking explanations from you as charity tsustees 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 reconjs were not kept in accordance with section 386 of the Companies Act 2006 b) that the accounts do not accord with thos¢ accounting records ¢) that the accounts do not comply with the accounting requirements of section 396 of the Companies Act 2006 and with tbe methods and principles of the Charities Ststement of Recommended Practice applicable to charities preparing their accounts in accordance with tbe 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 ststsment I have completed my examination and have no concern5 in respect of the matters (a) to (d) listed above and in connection with following the Directions of the Charity Conimission for Northern IrelaD(t i have found no matters that require drdwing to your attention. Independent examiner Samuel David Brown Chartered Certified Accountant Carnegie Building 25-27 Edward Street Portadown Co. Armagh BT62 3NE 9 September 2024 Page 4
Soccer Indoors Ltd. (A company ]imited by guarantee) Statement or rinancial activities (incorporating the income and expenditure account) For the year ended 31 December 2023 Unrestricted funds 2023 Total 2022 Total Not Incoming resources Incoming resources from generating fimds: Activities for generating fijnds Bank Interest Receivable 15,595 io 15,595 io 18,712 13 rN TotaI incoming resources 15,605 15,605 18,725 Resollrees expended Establishment costs Motor & Travel Expenses tnsurance Accountancy fees Computer costs Telephone Depreciation General expenses 26.246 694 908 1,735 26,246 694 908 1,735 22,726 1,903 299 397 245 1,114 443 1.058 1,663 443 1,058 1,663 Total resources expended 32,747 32,747 26,684 Net incomingl(outgoing} resources for the year I Net incomel(expense) for the year (17.142) (17,142) (7,959) Total funds brought forivard 24,296 24,296 32,255 Total funds carried forward 7,154 7.154 24,296 The statement of flnancial 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 activtties. The notes on pag£$ 8 to 11 form an integral part of these financial statements. Page 5
Soccer Indoors Ltd. (A company limited by guarantee) Balance sheet as at 31 December 2023 2023 2022 Notes Fixed assets Tangible assets Current assets Cash at bank and in hand 5,676 734 15,319 33,209 15,319 33,209 Creditors.. amounts falling due within one year (13,841) (9,647) Net current assets 1,478 23,562 Net assets 7,154 24.296 Funds Unrestricted income funds 7,154 24,295 Totsl funds 7,154 24.296 The Balance Sheet continues on the following page. The notes on pages 8 to 11 form an inteEf21 part of these falleal ststements. Page 6
Soccer Indoors Ltd. (A company ]i]nited by guarantee) Balance sheet {contiDued) Trustees statements required by the Companies Act 2006 for the year ended 31 December 2023 In approving these fanCIal statements as trustees of the company we hereby confitm 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 bave not required the company to obtain an audÉt of its accounts fior the year in question in accordance with section 476. (c) the directors acknowledge their responsibilities for COEllplying with the requirements of the Act with respect to accounting records and the prepardtion of accounts. (d) these accounts have been prepared in accordance with the provisions applicable to companies subject to the Sn11 companies, regime. The fu]ancial statements were approved by the board on 9 September 2024 and signed on its behalf by .Jko Scott Rae Director Alan Hynes Director The notu on pages 8 to 11 forni an integral part of these financial statements. Page 7
Soccer Indoors Ltd. (A company limited by guarantee) Notes to fjnancial statements for the year ended 31 December 2023 Accounting policies The principal accounting policies are Sum5¢d below. The accounting policies have been applied consistently throughout the year and the preceding year. 1.1. Basis of accounting The f]CIal statements are prepared under the historical cost convention and in accordallce with the Statement of Recommended Practice 'AccouThtin8 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 ststement because it is a small clwity. 1.3. Incoming resources All incoming resources aTe included in the statrrnent of financial activities when the ckwity is entitled to the income and tbe amount can be quantified with re&sonable accuracy. The following specific policies are applied to particular categories of income: Income from the charlty shop is included in the y&qr in which it is receivable. Income from investments is included in the year in which it is Teceivable. Resources expended Expenditure is recognised on an ac¢nl basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovere and is reported &8 part of th¢ expendite to which it relates. Costs of generating fimds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purpose5 including the Cbaritys shop. Charitsble expenditure comprises those costs incued by the cbartty in the delivery of its activities and services 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 rued assets and depreciation Tangible fixed assets are stated at cost less accumulated depreciatioL Depreciation is provided at rates Calculated to write off the cost less residual value of each &sset over its expected life, follows: Fixttjres, fittings and equipment Motor vehicles 250/0 strdight line 250/0 redu¢iug balance Page 8
Soccer Indoors Ltd. (A company limited by guarantee) Notes to financial statements for the year ended 31 December 2023 Activities for generating funds Unrestricted runds 2023 Total 2022 Totsl Pitch ftes 15,595 15,595 18,712 15,595 15,595 18,712 Investment income 2023 Total 2022 Total Bank interest receivable io 13 io 13 Employees Employment costs There was one employe¢ during the year ended 31 December 2023. All other labour was by way of volunteers. Taxation The charity's activities fall within the exemptions afforded by the pmvisions of the Income and Corporation Taxes Act 1988. Accordingly. there is no t&xation che in these accounts. Page 9
Soccer Indoors Ltd. (A company limited by guarantee) Notes to fillancial statements for the year ended 31 December 2023 Fixtures, rittings and equipment Tangible rued assets Motor vehicles Total Cost At l January 2023 Additions 5,462 5,462 6,000 6,000 At 31 December 2023 5,462 6,000 11,462 Depreciation At l January 2023 Charge for the year 4,728 183 4,728 1,058 875 At 31 December 2023 4,911 875 5,786 Net book values At 31 December 2023 551 5,125 5,676 At 31 December 2022 734 734 Creditors: amounts falling due within one yep4r 2023 2022 Tntstees, current accounts Accruals and defeThd income 11,441 2,400 8,272 1,375 13.841 9,647 Analysis of net assets between funds Unrestricted funds Total funds Fund balances at 31 December 2023 as represented by: Tangible fixed assets Current assets Cuent liabilities 5,676 15,319 (13,841) 5,676 15,319 (13,841) 7,154 7.154 Page 10
Soccer Indoors Ltd. (A company limited by guarantee) Notes to r]nancial statements for the year ended 31 December 2023 Unrestricted funds At At l January Incoming Outgoing 31 December 2023 resources resources 2023 Unrestricted Funds 24,296 15,605 (32,747) 7,154 10. Capital commitments The company had no capital commFlmeDts as at 31 Dernber 2023 11. Controlling interest The controlling paty of the company is considered to be the Board of Trustees. 12. Company limited by guarantee Soccer Indoors Ltd. is a company lirnited by guarantee and accordingly doe5 not have a share capital. Every member of the company UDdertakes to Contribute such amount as 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 member. Page 11
Soccer Indoors Ltd. (A company Jimited by guarantee) The following pages do not form part of the statutory accounts.
Soccer Indoors Ltd. (A company limited by guarantee) Detailed statement of fmanclal activities For the year ended 31 December 2023 2023 2022 Aclivitiesfor generatingfvnds Pitch fees 15,595 18,712 15,595 18,712 IAvEslment income Bank interest receivable io 13 io 13 Total incoming resources from generating funds 15,605 18,725 Total Ancoming resources 15,605 18,725 Shop costs Pitch costs - Rent Pitch costs - Establishment- Rafrs & water Pitch costs - light and heat Pitch costs - repairs and maintenance Bank Interest & Fees Pitch c05ts - Wages Public Liability Insurance Accountallcy fees Depreciation 11.400 154 1,599 5,489 194 7,410 908 1,735 1,058 10,400 136 2,350 3,371 228 6241 1,903 245 29,947 24,874 Total fundraising trading cost of goods sold and other costs 29,947 24,874 Total costs of generating funds 29,947 24,874 Page 13
Soccer Indoors Ltd. (A company limited by guarantee) Detailed statement of fmancial activlties For the year ended 31 December 2023 2023 2022 Charitable activities Activity I Activities undertaken direcity Motor and travel expenses Telephone Computer Costs General expenses 694 443 397 299 1,114 1,663 2,800 1,810 Activity I total expenditsre 2.800 1,810 Total charitable activity expenditure 2,800 1,810 Net incomingl(outgoing) resources for the year {17,142) (7,959) PAge 14