ids. Charlty number 102348 chartered accountants PIIAIDEN CITY SOCCER ACAOEMY ANNUAL REPORT ANO UNAUDITED FINANCIAL STATEMEiirs FOR TrIE YEAR ENDED 31 MARCH 2022 IDS Chartgr8d Accountants LLP 23125 Quggn Stre•t COLERAINE Co Londondery 8T52 18G
MAIDEN CITY SOCCERACADEMY ids. chartered accountants CONTENTS Legal and admlnislrallva Infomiatlon Tru81e6s' report Independ•nt 8xamlnerf8 report Statement of flnancl818dlvill88 Balance 6he81 Not0510 tho financlal 8tatements 7-12
MAIDEN CITY SOCCER ACADEMY ids, ¢hartered accountants LEGAL AND ADMINISTRATIVE INFORMATION Trustee8 Mr J Crilly Mr D Logan M8JKee Mr M Kirkwood Mrs R Barber Charlty number 102348 R•g18tergd offlce 68 Crescent Link Road W8terside BT47 SAF Indopendenl examlnor IDS Chartered Accountsnts LLP 23125 Queen Slre&t COLERAINE Co Londondery BT52 1 BG Bankern Oan8ke Bank 27 Gl8nshane Road LONDONDERRY BT47 2LN
MAIDEN CITY SOCCER ACADEMY ids, chartered accountants TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2022 The trustee8 pre¥ent theSr annu81 r8POrt and financial statements for the year anded 31 March 2022. The financial Slalemenls have been preparod in accord8nce vAlh the accountfjng polides 881 out In notè 1 to the financi81 statements and comply with the chèrily's goveming documgnl, the Charities Act (Northern Ireland) 2008 and "Accounllng and Reporting by Charities.. Statement of Recommended Practic& applicablo lo charfties preparing their accounts in a¢¢ordance with the Financlal Reporting Stsndard appllcable in thè UK and Republic of Ireland IFRS 1021" leffectlve 1 January 2019). Objectlvès and ictlvStlfjs The charity was established for the piomollon of ¢ommunily p8rtlClP8tSon Sn healthy recreation by the provlslon ol f8cililies for football and mullisport for youn9 people In Derry City and Ils surrounding envlrons in the North Wesl ot Ireland %ththoul dlslindlon or disability. sexual orienlalion, nationallly. elhnlc identity, political or religious opinion. with the object of Improvlng the condition of lifè for the beneficiaries. In partlcular 10 8ducale and assist ben8ficlarig$ ages 5-17 lallhough thls has expanded) through recr981ional actlvitl88 wth an aim of developing skllls and Improvlng Ihélr athletic and football performance lo augmgnl thelr phy81¢81 fllno88, mgntal and emollonal capacttle thus engendering maturity, social and soclelal growth. The Iruslees have p8ld due regard lo guldance Issued by the Charity Commi88ion in decidln9 what actlvilies the charity shoLtld undertake. Achlov8mont8 and performance The benefits whlch flow from this Include Improved phy81c81 filn088 and mentsl health. Sncrea88d 8kllls In varfou8 81hletsc aTeas alded by 8UPPOrt of the family, communlty and schools. The benefits have been demonslraled through feedback from participants, parent's 8taff and stskeholders th addttional valldalion belng provided by evaluallon from Independent governlng bodles. Although r8re, the 18cilitalion of physlcal Irainlng can reBull in injury for partlcip8nls, yel the long term b8nef118 greatly oU1gh any lempor8ry bodily impedlmenls. The mI59ion statement of the charity was lo predominantly provlde the previously OLrtllned servlce lo young people betwoon the ages ol S - 17 years, bul this, Sn additlon. Is exlendgd lo aged 3, through Nursery School provl$ion through our fiJnd8m8nlal$ progrBmme, 18-24 year olds through our seniors pro9ramme, people with disabilili&s and the young people's familles 8nd schools. Thus, the overarching Impetus, and ulllm818 benefit, has a community wlde effect from th$ grassroots. Maiden Cty Soccer Academy runs a number of programme8 for childr&n and teonagers In the field ol football. Th8 organl8allon'8 core 8clivillo$ and $ervi¢es relate lo the Pfovislon ol facili11gs for children and young people lo enablè particSp8llon In 8POrt. Ouring the 2021-22 finanGlal y•8r, our organlsallon w88 r&pre$enled by 220 chlldren among 14 academy leam8', including 4 In the North Wesl and Coleraine DI81rlcl Youth Leaguo IU8 to U111 a8 well as an addiliorAI 8 teorns In the NIBFA Subway Nation Youth League {U12 to U171. Furthermore, Ihase 18?ms partlclpaled In the Foyle Cup and Foyle Game8 tournamènts. Throughout the year, the Academy regularfy delivered high qualily. structured coaching al 28 school8 throughout the North Wesl,. from larger Inner¢ity instilulions, SLth as LlsnagelvSn Prfmary school with an enrolmenl of nearly 700 pupi15 to smaller wral schools as in ATbgarvan Primary School wllh an rOlment of 142 students. Ih over 1,200 unique chlldren. aged 412 years, att¢ndlng our communlty hubs throughout the year, the Academy continues lo deliver sessions and events In a range of mulll-sport 8cllvSlle8. These incIe weekly 60 minute sessions during the school t&rm and se880nal coaching camps durtng the holiday pèriod. Flnanclal revlew The defiryt lor the year amounted to £35,848 {2021 - surplus È63,3751. The commlttee members are sallsfied with the progress made and will continue into the next firn¢la1 yeai. Structure. governan¢e and managemont The charity is an unincorporated entity govemed by ivs Constitution.
MAIDEN CITY SOCCER ACADEMY ids, Chartered accountants TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 The trustees who Served durlng the year and up to the dale of 8lgnalure of the financial statemerts were.. Mr J Cdlly Mr D Logan M8JKee Mr M Kirkwood Mrs R Barber Th8 lru8lee8' report wa$ approved by the Board of Tru8t868. Mr J Crflly Tru8ts0 20 January 2023
MAIDEN CITY SOCCER ACADEMY ids chartered occountants INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MAIDEN CITY SOCCER ACADEMY I report to the tsu5tees on my examination of the financial statements of Maidon City Soccer Academy {the charity) for the year ended 31 March 2022. Rospon$lbllitie5 and basls of report As the charity trustee$ you are rgsponslble lor the preparallon of the occounls In accordance with the requirem8nls of the Charities Act (Northern Ireland) 2008. 11 is my sPonsIbl1Y to.. • ex8mine the account$ under section 65 of the Charlties Act (Northern Irglandl 2008-, follow the procedures laid down In the general Directions given by the Charity Commi585on for Northem Ireland under section 65(9llbl of the Charltie8Acl,' and stale wheth8r partlcular mallers have come to my attention. I have examined your charfly accounts as required under section 65 of the Charllle8 Act ana my examination w85 carrlgd out In 8ccordance wrth the general Dlrections glven by the Charity Commls81on for Northern Irel8nd under sectlon 65191{bl of the Charitie8 Act. My examln8llon included a revl$w of the accounllng r8eords kept by the charity and a comparlson of the 8¢¢ounls pre8enl8d with those racords. 11 also Includes conBider8llon of any unusual items or di8c108ure8 in the account8, and seeking explonallons from you as ¢harily trusloe8 concerning any such matters. My role18 to $tsle whether any malerfal maller8 have come to my •ttenlion glvlng mè ¢$uso to belleve.. 1. That accountlng recoTd8 were not kept In ¥rxordance wllh 88don 63 of the Charllie8 Act 2. Thal the account8 do not accord wlth tho88 accounllng recortJB 3. That the accounlo do not comply th the 8ccountsng requlremen18 of the Charities Act 4. Th81 tho10 Is fvrther Informalon needed for a proper under3tsndlng of the accounts lo be r08¢hed. Ind&p•nd•nt examlner'$ •tstsmgnt I have completed my examination and have no conc8ms In re&pe¢l of the m8tters111 to {41118ted above and, In connecllon with following thè Directions of the Charity Commi58lon for Northern Ireland. I have found no matters that requlro drawlng to your attentlon. IDS Chartered Accountants LLP 23125 Queen Slr¢o1 COLERAINE Co Londonderry BT52 1 BG Dated.. 20 January 2023
MAIDEN CITY SOCCER ACADEMY ids charternd accountants STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITUREACCOUNT FOR THE YEAR ENDED 31 MARCH 2022 Unrnstricted Unrostrlctod lunds fun(ts 2022 2021 Nots# DOnatn$, grants & 8pon8or5hip 212,380 241.724 Support cos18 248,228 178,349 Total •xpondltur• 248,228 178,349 Not l•xp•ndlturglllncome lor tho yfjarl Net movement In tund8 (35,848) 83,37S Fund bal8nGO3 at 1 Aprll 2021 81,518 18,143 Fund balance8 at 31 March 2022 45,870 81,518 The 8talam&nl of flnandal actlvrtles Include8 all 981n8 and losse8 recognl8ed In the year. I Income and expènditure derive from conllnulng actlvllies.
MAIDEN CITY SOCCER ACADEMY ids. ¢harter•d accountants BALANCE SHEET ASAT 31 MARCH 2022 2022 2021 Nota8 Flxgd a888ts Tangible a88ets 43,294 53,332 Current a$88ts Cash at bank and in hand 55,947 86,202 Crndltor¥: amount8 falllng due wlthSn ono year {10.9781 19,868) Net Gvrr•nl 8s$et8 44.989 78,334 Totsl assots le88 curr•nt Ilabllltl•s 88,283 129,686 Crodltorn: amounts falllng du• after moro than one year 10 142,593) 148.1481 N•t as••ts 45,670 81,518 Income fund• Unr8slrl¢l¢d fvrKI8 45,870 81,518 45,670 81,S18 The finandal slalemen18 were approved by the Trustees on 20 January 2023 Mr J Crilty Trustse
MAIDEN CITY SOCCER ACADEMY ids, chartered accountants NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Accountlng pollclos Charity inlormatlon Malden City SoccerAcademy Ss an unincorporated ch8rf1y govemed by it's Con8Ututlon. 1.1 Accountlng convontlon The financial slalements have been prepared In accordance wllh the charlty'8 gov&ming docurngnl, the Charities Aet (Northèrn Irelarbdl 2008, FRS 102 'The Financ181 Reporting Standard appllcable in the UK and Republic of Ireland. I'FRS 102.1 and the Charitses SORP "Accounllng and Reporting by Charib'es.. St81ement of Recotnmended Practice 8pplicable to ch8rflle8 preparing theSr accounts In accordan wth the Finanual Reportlng Slandard appllGable in the UK and Republlc of Ire18nd IFRS 102)" leffe¢tiv¢ 1 January 20191, The ¢harity is a Public Benefit Entlty as defined by FRS 102. The charity h05 tsken 8dvonlage of the provlslon8 In thè SORP for ch8rftle8 not to pr&por¢ a statnent of C4$h Fl¢)WS. The financlal statements are prepared In slerllng, whlch Is the funcllonol Currenw of the charlly. Monetary amoun18 in these finoncial 81atement8 are rounded to the near881 £. Th8 financlal statemen18 have been prepared under the hi810rf¢o1 ¢o$t ¢onvenllon. Th8 prindpal accounting pollcles adopted are set out bebw. 1.2 Golng concern At the Ilme of approvlng the flnandal 8tstements, the trustees have g ieasonable axpectauon that the charfty has adequate resources to Continue in operallonal exlstence lor the foreseeable future. Thus the tru6le86 onllnue lo adopt the going concem basi8 of accounting In preparlng the financlal 81alements. 1.3 Charltsblo fund• Unrèstricted funds ar8 avaIlae for u8• at the dlscrelbn of the Iru81ges in furtherance of thdr charttable objoctiVa8. Restrlclèd fiJnd8 bre sublect to Speclflc condSllon5 by donors a5 to how they may be u$•d. The purpo8eJ and uses of th$ re$lri¢ted funds are $el out In the r19$ lo the fin8nclal 618temenl8. 1.4 Income Income 58 recognl8ed when Ine chadty Is legally entllled lo It after any perfomiance condltkJn8 have been mel, the amounts Can be measured reliably. and11 is probable that income will be r¢¢oiv&d. Cash donations are recognised on recgipl. Other donaUon8 are recognl8ed oncg the chgrfty has been nOfled of Ihg donation, unle$$ pgrlorlnance conditions requlre deferf81 of the amount. Income lax recoverable in relation lo donotlons recelved under Glft Aid or deeds of coven8nt18 recognised on recelpt from HM Revenue & Cuslomy. 1.5 Expgndlture ExpendiluTe is recognised once there 18 a legal or conslructlve obligallon to transfor economic benefit to 8 third party. il 18 probable that a transfer of economk benefits wlll be requlred in Settlement. and the amount of the obligallon can measured rellably. Expendlture is classfled by activity. Tho c05ts of each activity arg made up of the total of dir1 cost¥ and shared costs. including support eo¥ts involved in undertaking each actsvily. Direct Costs attribu0 lo a single a¢tlvity are allocated 1cl1Y to Ihat acuvty. Shared c08ts whlch contribute to more than one activrty and support COSt5 which are not attribLrtable to a slngle activity are apportloned betsveen those activities on a ba818 consistent wTrth the use of resourc88. Central staff eosls are alloealed on the basI8 of lime spent. and depreciation tharge5 are allocated on the portion of the asset's use.
MAIDEN CITY SOCCER ACADEMY ids chartered accountonts NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 ACCOUnn9 pollcles (Contlnu•dl 1.6 Tanglble flx&d a88èts Tangible fixed a55ets a inllially measured al cost and subsequently measured at cost or valuation, nel of tJeprecialion and any imp8lrmenl10s588. Dgpreciation is recognised so as to wrlle off the cost or v81uat6on of assets less their re8idual values over their useful liv8s on the following ba8e$.' Lea6ohold improvements Office & sports equipment Motor vehldèg 10% 8traighl1Sna 25% stTalghl Ilne 25% Blraight line The galn or loss arfslng on the dlsPO8al of an as8el18 del&mSned as the difference be98n the 8818 proceeds and the carrying value of the asset, and18 recognlsed In the 518lem8nl ol fin8ncial actlvilles. 1.7 Impalrm8nt of flX a$$ots Al each feportlng end dale, tho ¢hadly revlew8 the cArrylng amounts of118 tanglble a88ets lo delermlne whether therè 18 any indication that those 8ssels have suffered 8n Impairment 1056. 118ny 8uch Indlcalion exi818, the recoverable amount of the asset 18 eslimat•d in order lo delermino the extent of the Imp81rmenl 1088 Ilf 8nyl. 1.8 Cash and cash equlvalents Cosh ond cash equivalents indud8 cash In hand, dgp08118 held at call wlth bAnk8. other Bhort-tem liquld Inve3lrnenl8 wY(h orfginal malurilie8 of three month$ or lejs, and bgnk overdrafts. Bank overdraft8 are shown Ihln boffowSng$ in currgnt Ilabllilles. 8aslc Iln•ncl81 •ssets Basle financlal a$se¢s, whlth Include debtor8 8nd cash and bank balanc88, 8r• Inlllally mea8ur•d at transaction price including tranGIon costs and are subsequently ¢aTrled al amortised cost u6Sng the effecilve Interest meth¢)d unless the arrangement constilules a finanang IransaGUon. wherg the transaction 18 measured at the presgnl value of the futu recèipts di$Gounled at a market ia19 01 interest. Financi81 a88e18 classlfied a8 reGelvoble wbthln one year are not amortl$¢d. Baslc Ilnanclal Ilabllltl•$ Ba81c fjnanc181 Ilabllilles. Including creditors and bank108ns are Inlllally Tecognised at Iran5adion priGe unles8 Ihe arr8ngement con81ilules 8 financlng transaction. whère the debt Instrument Is measured al the pr85ent value of the future payments discounted at a market rate of Interest. Financial liabllilies dassifled 85 payable within one year are not amortisgd. Trade creditors are obligations to pay for good¥ or services that have been acquired in the ordin*y course of operations from suppliers. Amounts payable are cla8¥ified 8s current liabilities if payment is due withln one year or less. If not, they are presented as non-current liabilities. Trade credSlors ale recognl8ed Inttlally al transaciion price and 8ubsequenlly measured al amorti8ed co81 uslng the effective Interest method.
MAIDEN CITY SOCCER ACADEMY ids chartered accountonts NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Crltlcal ac¢ountlng e¥tlrn•tes and lud9ements In the applicatiorb of the charity's accounllng policies, the Iru81888 #re requlrad lo make ludgemenls. e¥tim8188 and asSUmpDn3 about the carrying 8mount of assets and liabllities that arg not readily apparent from other sources. The esllmates and associ8ted assumptions are based on hi81odcal experi8nce and other factors that are consldered lo be relevant. Actual resu118 may differ from th08e e8tlmate5. The &sllmate8 and undertying assumptions are revlewed on an ongolng basio. Revlslons lo accountlng eslimale8 are. recognised in the period In whlch the estimate is r6vlsed where tha r&vision affects cnly that period, or In th& peri¢>J of the revi81c and future periods where the revislon offeds both current and fijlure periods. Donatlonsb grants & SponrShIp Unrtr¥trlcted Unr•8trlcted funds fund8 2022 2021 Glft ald Grant Mèmbership f888 Spon80rshlp l FurKlr¥lslng 22,189 39,553 146,372 4,286 22,269 114.646 74,078 30,731 212,380 241,724 Support co•ts Unre•trlct•d Unrestrlcted funds fund8 2022 2021 Support costs 248,228 178,349 248,228 178,349
MAIDEN CITY SOCCER ACADEMY ids chartered accountants NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Support CO8ts Support Governance costs costs 2022 Support Govemanc• costs cost8 2021 Facllities hire Coaches exponses, travel & subsistence Admln waggs & office costs Telephone & Int$mel Equipment & clolhlng Insuranca Football related co818 Gener81 expenses Fundraising, advert & promotional expenses Sub8crfplionB Profe881onal fees Staff training & welfar8 Depreclallon R&pairs & m8lnten8n¢e Bank ch8rges Llghl & heal Piinllng & 8tallonery Accountancy Credlt card Gharg98 5,041 5,041 1,739 1,739 38.697 38,897 63.458 63.458 113,981 2.771 10.785 785 18,710 39 113.981 2.771 10,765 785 18,710 39 51,831 1,168 5,730 742 1.128 672 51.831 1.168 5,730 742 1,128 672 11,809 1.817 4.980 4,877 20,772 4,731 1,284 1.155 3,933 934 1,347 11,809 1,617 4,980 4,877 20,772 4,731 1,284 1,155 3,933 934 1,347 3,900 1,874 4,343 8,404 16,927 16,391 3,900 1.874 4,343 8,404 16,927 16.391 248,228 248.228 178,349 178,349 Trn$t•g3 None of tho Iruslee8 lor any p8r8on8 conne¢lod vllh Ihom) rec8lvgd any remuneraflon or beneflls from the charrty durin9 the year. 10-
MAIDEN CITY SOCCER ACADEMY ids chartered accountants NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Tanglblo flxed assets ONlc•& L•aOId knpmvem•nt¥ Motor v•hlclos oquipm•nt Co•t Al 1 Apdl 2021 Addllions 21,825 59,775 10.734 3,850 85.450 10,734 Al 31 March 2022 21.825 70,509 3,850 96.184 D&pr•clatlon and Impalmi•nt Al 1 Aprll 2021 D8preclalion charged in tho year 2,866 2,182 27,654 17,627 1,598 963 32,118 20,772 At 31 March 2022 5,048 45,281 2,561 52,690 Carrylng amount Al 31 March 2022 16,777 26,228 1,289 43,294 At 31 March 2021 18,959 32,121 2.252 53.332 Loans and ov•rdraft• 2022 2021 Bank loan$ Other loan8 48,148 5,423 50,000 8,016 53,571 58,016 Payable wllhln ono y•&r Payable after one year 10,978 42.593 9,868 48,148 Credltor8: •mounts f•lllng due wllhln one y•ar 2022 2021 Note8 Bank loans Other borrowlngs 5,555 5,423 1,852 8,016 10,978 9.868 11
MAIDEN CITY SOCCER ACADEMY ids. chartered accountonts NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 10 credIto.. amounts falllng duè aftèr mor• than ono ye•r 2022 2021 Notèi Bank loans 42,593 48.148 11 Relatsd party transactlon8 There were rK> disc105ablg related party Iransoctlons durlng the year12021- none). 12-