GORT NA M NA SPORTS ASSOCIATION INAN ST TE EN FOR THE YEAR EI NDED 30 SEPTEMBER 202 ( A COMPANY LIMITED BY GUARANTEE AND NOT HAVING A SHARE CAPITAL) COMPANY REGISTRATION NUMBER N1033412 O'HAIU SHEARER CHAR TERED ACCOUNTANTSAND STA TUTOR Y AUDITORS 547 FALLS ROAD BELFAST BTII 9AB
GORT NA MONA SPORI"S ASSOCIATION FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SF.PTEtvlBER 2022 Page Officers and other infonnation Report of the Directoi's Statement of Directors Responsibilities (in respect of the financial statements) Independent &ccountants report on the unaudited accounts Incoinc and Expenditure Accoiint Balance Slieet Notes to the Financial Statements 8-10
GOR NAM NA SPORTS ASSOCIAT ON NANCIAL STATEMENTS FOR THE YEAR ENDED 30 EPTEMBER2022 ER Directors, Daniel OWei11 Seamus Corr Joseph French Robeit Mcmahon Hugh Green Secretary Daniel Oweill Regislered Office Avoca Upper Springfield Road Belfast BT12 7QX Independent accountant's O'Hara Shearer Ch8rtered Accountants & Statutory Aiiditors 547 Falls Road Belfast, BTI19AB B&nkers AIB NI 35 University Road Belfast BT7 INH Company Registrlltion Number Nl 033412 Ch&rity Registration Number XR 23962 Charity Commission for Northern Ireland Reglstration Number NIC 102589 Page I
GORT NA MONA SPORTS FINANCIAL STATEMENTS F RTHEYE SSOCIATION ENDED 30 EPTEMBER 2022 HE CTORS The directors pi'esent theii. report together Nvith the audited financial statements for the year ended 30th September 2022. The company was incorporated on the 16th December 1997. The pi'incipal activities of the organisation are to provide in community Sports facilities, Tlie company is a registered cliarity, limited by giiarantee and not having a share capital. The directors considei. the pei'formance of the company dLiring the period and its position at the year end to be satisfactory. ESUL The profit of the company for the yeai. ended 30th September 2022 was £11,878 and was all attributed to the pi'incipal activity. ACCOUNTANTS Tlie accountants, O'Hara Shearer have expressed their willingness to continue in office and a I'esolution, will be proposed at tlie Annual General Meeting in accordance with Section 485 of tlie Companies Aot 2006. NY EXEMPT This report has been pi'epared in accoi'dance with the special pi'ovisions for small companies under Part 15 of the Companies Act 2006. BY ORDER OF THE BOARD SEAMUS CORR DIRECTOR DATE: 28th June 2023 Page 2
GORT NA MONA SPORTS ASSOCIATION FINANCIAL STATEMENTS ND EPT Company Law reqiiires the directors to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing those financial statements, the directors are required to: select suitable accounting policies and apply them consistently; make judgements and estimates that are reasonable and prudent. state whether applicable accounting standai'ds Iiave b¢en followed, subject to any material departui'es disclosed and explained in the financial statements. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The dii'ectors al'e responsible for keeping proper records which disclose ivitli reasonable accuracy at any time the financial position of the company and to enable them to ensure that th¢ financial statements comply with the Companie5 Act 2006. They al'e also I'esponsible for safeguarding tlie assets of the company and hence for taking I'easonable steps for tlie prevention and detection of fraud and other iri'egu larities. SEAMUS CORR DJRECTOR HUGH GREEN DIRECTOR DATE 28th June 2023 DATE 28th June 2023 Page 3
NASP RTS ASSOCI TIO R THE YEAR ENDED 30 SEPT FINA TA NTSF BER2 22 In accoi'dance with the engagement letter and in order to assist you to fulfil your duties under tlie Companies Act 2006 we have compiled the financial information of Gort Na Mona Spoits Association which coinprises the Income and Expendittire Account, the Balance Slieet and tlie related notes from the accounting records and infomiation and explanations you have given to us. This report is made to tlie Company's Board of Directors, as a body, in accordance with tlie terms of our engagement. Our worl( ha5 been undertaken so that we might coinpile the financial stateinents tlie we have been engaged to coinpile, I'eport to the Company's Board of Dii'ectors that we have done so, and state those matters that we have agreed to state to tliem in this report aiid for no other piirpose. To tlie fullest extent perniitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's Board of Directors, as a body, for oiir work, oi, for this report. We have carried out this engagement in accordance with guidance issued by the Institute of Chartered Accountants in Ireland and have complied with the ethical guidance laid down by the Instite iElating to members undertakiiig tlie coinpilation of financial statements. You have acknowledged on the Balance Slieet for tlie year ended 30th Septembei. 2022 your diity to eiisiire tliat the coinpany has kept proper books of accoiint and to prepare financial statements that give a triie and fair view under the Companies Act 2006. You considei. the company is exempt froin tlie statiitory reqiiirement for an audit for tli¢ year. We liave not beeii instructed to carl'y OLIt ali audit of tlie fiiiancial stateinents, For this reason, we have not verified the accui'acy or completeness of tlie books of accoiint or iiiformation oi. explanations you have giveii to us and we do not, tlierefoi'e, expi'ess any opinioii on tlie financial stateinents. LAWRENCE SHEARER FCA O'HARA SHEARER CHARTERED ACCOUNTANTS AND STATUTORY AUDITORS 547 FALLS ROAD BELFAST BTII 9AB DATE: 28di Julie 2023 Page 4
GORT NA MONA SPORTS ASSOCIATION EXPENDITURE ACC 2022 2021 Note INCOME Grants receivable Fundraising and donations Bank interest received Othei, income 6,996 12,488 I7,702 3,490 3,884 Grants amortised 10,691 10.691 TOTAL INCOME EXPENDITURE Donations Player insurance and affiliation fees Light and heat Sports gear and eqliipment Sports expenses and prizes Repairs and maintenance Printing, postage and stationery Advertising Travel. transport & Slibsistence Pitch advertising costs Flindraising costs Coaching costs Amounts payable/(repayable) to Gort Na Mona GAC Hire of facilities Coaching fees Accolintancy fees Bank interest and fees Sundry expenses Depreciation (Profit)/loss on disposal of fixed assets 528 2.723 463 126 712 720 6,917 72 564 6,072 1,780 1,925 5,033 520 474 13,874 537 194 13,187 TOTAL EXPENDITURE 20,005 36,416 SURPLUS/(DEFICIT) FOR THE YEAR 11,878 57) Page 5
GORT NA MONA SPORTS ASSOCIATION BALANCE SHEET AS AT 30 SEPTEMBER 2022 2022 2021 Note FIXED ASSETS Tangible fixed assets 310,862 324,736 310,862 324 736 CURRENT ASSETS Debtors and prepayments Cash at bank 3.860 28,460 3,860 13,527 32.320 CURRENT LIABILITIES Bank overdraft Other creditors and accNals 128 128 TOTAL ASSETSI{LIABILITIES) 343,182 341,995 Defen'ed income 299,369 310,060 NET ASSETSI(LIABILITIES) 43,813 31,935 REPRESENTED BY: Reserves balance broiight forward as at l October 2021 Surplus/(deficit) for the year 31,935 11,878 34,292 2,357 Reseives balance carried foNard as at 30 September 2022 43,813 31,935 APPROVED BY THE DIRECTORS . kj (._ SEAMUS CORR DIRECTOR HUGH GREEN DIRECTOR DATE 28th June 2023 DATE 28th June 2023 Page 6
GORT NA MONA SPORTS ASSOCIATION FI,NANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022 NOTES TO THE FINANCIAL STATEMENTS STATEMENT OF ACCOUNTING POLICIII S 1.1 Accountlllg convention The financial statements have been prepared undei. the historical cost convention. 1.2 Basis of measurement and preparation of accounts The financial statements have been prepai'ed under the historical cost convention. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard which applies in the UK and Republic of 'e1alld (FRS 102) (effective l JluY 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2014. 1.3 Gr&nts Grants, incliiding grants for the purchase of fixed assets are amortised and ieleased to the income and expenditLire account at rates applicable to the associated assets depi'eciation. Page 7
GORT NA MONA PORTS ASSOCIATI OR THE YEAR ENDED 30 SEPTE FIN BER 202 l. Accounting Policies a) Accounting convention The Company prepares its financial statements on the historical cost basis of accounting. b) Accounting basis All income and expenditure is accounted for on the accrLials basis. 2. Grants received 2022 2021 Belfast City Council Big Lottery Fund Grant Main Grant Income Sport Nl Grant NIFIE Grant 2,000 4,996 6,996 Page 8
GORT NA MONA SPORTS ASSOCIATION TATE EN FI,NANCIA EMBE 3. Accruals and deferred income 2022 2021 Government grants As at 1st October 2021 Released to incoine and expenditui'e account during the year 310,060 320,751 (10,691) (10,691) As at 30th September 2022 299,369 310,060 4. Legyal status Gort Na Mona Sports Association is a recognised Charity ivithin the definition of Section 360{3) Income and Corporation Taxes Act 1970. Gort Na Mona Sports Association is a Company Limited by Guarantee. Each meinbei. has agreed to contribiite £ l in the event of a compulsory windiiig up. Page 9
GORT NA MONA SPORTS ASSOCIATION FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH TEST EPTEMBER 2022 S. FIXED ASSETS Long Plant Leasehold and Propeity Machinery Total COST As at 1st October 2021 529,517 21.896 551,413 Additions Disposals As at 30th September 2022 529 517 551,413 DEPRECIATION As at 1st October 2021 222,390 4,287 226,677 Cliai'ge for year Eliminated on disposal 10,590 3,284 l3,874 As at 30th September 2022 232 980 7,571 240 $51 Net book value 2022 296,537 14,325 310,862 Net book Vvélue 2021 307 127 324 736 6, CAPITAL COMMITMENTS The Company had no capital commitments at 30tlI September 2022. Page 10