Registered Charity No. NIC102938
Greenisland Football Club
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 June 2024
Greenisland Football Club
Financial statements for the year ended 30 June 2024
TABLE OF CONTENTS
| Page | ||
|---|---|---|
| Charity Information | 3 | |
| Report of the Management Board | 4.-5 | |
| Independent Examiners Report | 7 | |
| Statement of Financial Activities | 8 | |
| Balance Sheet | 9 | |
| Notes to the accounts | 10 |
Greenisland Football Club
Financial statements for the year ended 30 June 2024
CHARITY INFORMATION
| Management Board | ||
|---|---|---|
| Stuart McClean | (Chair) | |
| John McMinn | (Secretary) | |
| David Starrs | (Treasurer) | |
| Andrew Macleod | (Safeguarding) | |
| Robert Stranaghan | ||
| Robert Hadden | ||
| Niall McGovern | ||
| Stephen Gamble | ||
| Stephen Graham | ||
| Clarke Frampton | ||
| Independent Examiners | Catherine McRory FCMA CGMA, Chartered Management | |
| Accountant, for and | on behalf of Baxterworld Ltd | |
| Chartered Management Accountants | ||
| Unit 3 Dargan Industrial Park, Dargan Crescent | ||
| Belfast, BT3 9JP | ||
| Bankers | Ulster Bank Ltd | |
| High Street | ||
| Carrickfergus | ||
| BT38 7AN | ||
| Address | 100 Glenkeen Avenue | |
| Greenisland | ||
| BT38 8SU | ||
| Charity Number | NIC102938 | |
| Governing Document | Constitution | |
| Legal Status | Unincorporated Charity |
Greenisland Football Club
Financial statements for the year ended 30 June 2024
TRUSTEE'S REPORT
The Management Board (Trustees) present their report and financial statements for the year ended 30 June 2024
Structure, Governanace and Management
Greenisland Football Club is governed by a constitution and the day to day affairs are managed by a committee which is elected from the body of the floor at the AGM.
The Committee will ensure that Club members adhere to the aims and rules as described in the constitution.
The Committee will be responsilbe for the appointment of the Trustees. These individuals will only be appointed when the committee is clear that they fulfil the criteria of the Charities Commission:-
That they are eligible by:-
Having no unspent convictions
To promote the ethos of the Club and to be fully knowledgeable of the Constitution Take decisions made free from prejudice and in the Charity's best interests Make sure the Club's resources are managed responsibly Be accountable to the members
Objectives and activities
The Club has been established to promote fitness, advance education and facilitate social development, particularly in relation to 10 to 18 year olds through healthy participation in sports and Association Football, who reside in Greenisland and it environs of County Antrim without distinction of age, gender, disability, sexual orientation, nationality, ethnic identity, political or religious opinion, by associating the statutory authorities, community and voluntary organisations and the inhabitants in a common effort to advance education, and to provide facilities in the interests of social welfare for recreation or other leisure-time occupation, with the object of improving the conditions of life for the said inhabitants.
Achievements and performance
The last 12 months continued to see growth in our Community section. Various clubs and teams continued to expand and our contribution to the local community and area continued to develop. Thanks to the various very kind funding from the likes of The National Lottery and Children in Need, clubs and teams such as Cuppa Club, Visually Impaired Club, Community Football, Bears, Wee Bears and our physical and mental health programmes with local schools continued to flourish.
July 2023 seen x5 of our 2009 National League squad get selected for the County Antrim Super Cup NI squad, namely Caleb Sweeney, Ross Campbell, Harry Moore, Finlay Jackson and Max McGrillis.
August 2023 seen our Women’s First Team gain promotion from Division Two to Division One of the NIWFA, securing back to back promotions in doing so. The momentum of our Women’s team surging through the leagues also give us the ability to launch a Womens Second Team, which started training and playing friendlies in late summer of 2023 and this grew into the Women’s second team going into NIWFA Division Six in April 2024.
August 2023 also saw a number of teams take part in club trips. Our 2010 National League side enjoyed a very successful week as the first ever Greenisland FC team to take part in the Galway Cup. Our 2012, 2013 and 2014 squads enjoyed a long weekend in Liverpool at the LLS experience and then our 2009, 2010 and 2011 squads had the same experience at Halloween time.
Finally in a month of firsts for the club, as a result of winning the NIBFA Cup earlier in the year, our 2009 National League side represented Northern Ireland in the All Island 2009 Cup against the Republic of Ireland cup winners, Midleton FC. Despite losing the final, played in Armagh, it was a great day for the club.
September 2023 saw the beginning of our new Girls section. Ranging in ages from 5/6 years old to 14/15 years old this was the start of what is hoped can grow into the “conveyor belt” of players to supplement our Women’s squads in years to come.
November 2023 saw our GFC Bears take part in their first set of IFA Disability Programme game and this was a great success for all involved and our participation has continued ever since with this programme.
The last month of 2023 saw us give support to our club charity for the 2023/2024 season, namely Cancer Focus. A Club Day was held during a Saturday in December in which volunteers from Cancer Focus came and done a fundraising collection at all Greenisland Team games on that weekend, plus free cancer screen checks and advice were available to all club members. This was followed up with all donations from our Boxing Day charity game going to Cancer Focus as well.
Away from the pitch, the latter part of the year, into the early part of 2024 saw all club coaches sit the IFA Safeguarding Course at our clubhouse across x5 sessions and a number of club coaches also renewed their First Aid qualifications.
March 2024 saw us awarded the IFA’s Prestigious Clubs and People award, which was recognition to the club and the people who all contribute.
Back to the football aspect and in March and April 2024 members of our football section contributed to the IFA’s Youth Framework. This will see once in a generation changes occurring in football in Northern Ireland in the near future which whilst we were happy to contribute to, as a club we need to be aware of how this could affect our club.
Around Easter 2024, we had a number of positive developments in terms of facilities with us being approved for or making it to the next stages of applications for a Car Park extension facilitated by Mid and East Antrim Borough Council, receiving funding for conversion of our Bowling Green area into a small sided games pitch via the Grassroots Sports Club Capital Funding and making the next stage of the Renewable Energy NI fund via Sport NI for replacement of floodlights on our small 3G pitch.
The year ended with in May our 2009 National League side winning the NIBFA Plate final and to top the year of, our facilities were recommended to UEFA for a training base for the upcoming Uefa Under 19 Men’s Championships being held in Norther Ireland later in 2024.
Overall, a positive year with progression but also a desire to develop facilities in order to keep up with our growing onfield and community participation levels.
Future
We look forward to the future with optimism and plan to develop and improve the club for the benefit of our community.
Financial Review
Total income for the period under review was £304,780, and revenue expenditure was £287,439
Reserves totalled £772,495 (2023 £755,154) of which £467,499 was held in the form of fixed assets. There were £306,528 of unrestricted funds available at the balance sheet date for general use.
Stuart McClean Chair Person
28 April 2025
Greenisland Football Club
Financial statements for the year ended 30 June 2024
INDEPENDENT EXAMINERS REPORT ON THE ACCOUNTS
to the members of Greenisland Football Club
We report on the accounts of Greenisland Football Club for the year ended 30 June 2024 which comprise the statement of financial activities, the balance sheet and the related notes. These financial statements have been prepared under the historical cost convention and the accounting policies set out on page 11.
Respective responsibilities of the management board and the Independant Examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 65(2) of the Charities Act (Northern Ireland) 2008 (the 2008 Act) and that an independent examination is needed.
It is my reposnsibility to:
examine the accounts under section 65 of the 2008 Act;
to follow the procedures laid down in the general Directions given by the Charity Commission under section 65(9)(b) of the 2008 Act; and
to state whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the eveidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to thise matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that in any material respect the requirements:
to keep accounting records in accordance with section 63 of the 2008 Act; and
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2008 Act
have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable proper understanding of the accounts to be reached
Catherine McRory ACMA CGMA, Chartered Management Accountant, for and on behalf of Baxterworld Ltd Chartered Management Accountants Unit 3 Dargan Industrial Park, Dargan Crescent Belfast, BT3 9JP
28 April 2025
Greenisland Football Club
Financial statements for the year ended 30 June 2024
STATEMENT OF FINANCIAL ACTIVITIES
| Incoming resources Activities for generating funds Charitable activities Capital Grants Total incoming resources Resources Expended Charitable activities Governance Total resources expended Net (outgoing)/incoming resources before transfers Transfers between funds Net (expenditure)/Income for the year Reconciliation of funds Balance brought forward Movement in year Balance carried forward |
Un-restricted funds Restricted funds Restricted Capital funds Total Funds Total Funds |
Un-restricted funds Restricted funds Restricted Capital funds Total Funds Total Funds |
|---|---|---|
| 2024 2024 2024 2024 £ £ £ £ 81,818 - - 81,818 111,373 111,588 - 222,962 - - - - |
2023 £ 136,569 241,858 - |
|
| 193,191 111,588 - 304,780 |
378,427 | |
| 163,628 122,251 - 285,879 1,560 - - 1,560 |
320,233 1,512 |
|
| 165,188 122,251 - 287,439 |
321,745 | |
| 28,004 10,662 - - 17,341 23,264 15,285 - 7,979 - - |
56,682 - |
|
| 51,267 25,947 - 7,979 - 17,341 |
56,682 | |
| 435,376 72,815 246,963 755,154 51,267 25,947 - 7,979 - 17,341 |
698,471 56,682 |
|
| 486,643 46,868 238,984 772,495 |
755,154 |
Greenisland Football Club
Financial statements for the year ended 30 June 2024
BALANCE SHEET as at 30 June 2024
| Notes Fixed assets Clubhouse Building Car Equipment & Furnishings 6 New Stand Gym Equipment Current assets Debtors 7 Cash at bank and in hand Liabilities Amounts falling due within one year 8 Net current assets Total assets less current liabilities Liabilities Amounts falling due after more than one year 9 Net assets The funds of the charity: Restricted income funds 11 Restricted capital funds 12 Designated funds 13 Unrestricted income funds 14 Total Funds |
6,662 323,971 |
2024 £ 380,200 - 766 86,383 150 |
5,583 312,934 |
2023 £ 389,079 - 5,094 91,464 762 |
|---|---|---|---|---|
| 467,499 330,634 25,638 |
486,400 318,518 49,764 |
|||
| 46,868 238,984 |
72,815 246,963 |
|||
| 304,995 | 268,753 | |||
| 772,494 - |
755,153 - |
|||
| 772,494 | 755,153 | |||
| 285,852 486,643 |
319,778 435,376 |
|||
| 180,115 306,528 |
180,115 255,261 |
|||
| 772,495 | 755,154 |
Approved by the Management Board on 28 April 2025 and signed on its behalf by:
Stuart McClean
Greenisland Football Club
Financial statements for the year ended 30 June 2024
NOTES TO THE FINANCIAL STATEMENTS
1 Accounting policies
The financial statements are prepared on a going concern basis under the historical cost convention and in accordance with applicable accounting standards in the United Kingdom, the statement of Recommended Practice 2019 by the Charity Commission NI A summary of the main accounting policies which have been applied is set out below.
Income
Grants, including grants for the purchase of fixed assets, are recognised in full in the Statement of Financial Activities when receivable, except where the Donor's conditions specify the time period in which the expenditure can take place. In the latter case amounts relating to future periods are deferred and recognised as a liability.
Expenditure
Resources expended are accounted for on an accruals basis and include VAT which cannot be recovered.
i Expenditure on generating funds includes general advertising, publicity and fund raising activities.
ii Expenditure on charitable activities comprises those costs incurred by the charity in the delivery of its activities and services to its beneficiaries.
iii Governance costs are those costs associated with meeting the constitutional and statutory requirements of the charity including audit, the costs of strategic management and Trustee expenses.
iv All costs are allocated between the expenditure categories of the Statement of Financial Activities on a basis designed to refelect the use of that resource. Costs relating to a particular activity comprise both costs that can be allocated directly to such activities and indirect costs necessary to support them.
Tangible fixed assets
Payments received from funders to purchase fixed assets is treated as restricted income in the period.
Restricted funds
These represent income which is subject to conditions of use imposed by the Donor. Such income less qualifying expenditure is seperately accounted for within the funds.
Unrestricted funds
Donations received or other income generated for the general purposes of the Charity without further restriction is added to unrestricted funds.
| 2 Incoming Resources Activities for generating funds (Unrestricted) Astro Pitch Hire Coaching Badge Income Donations Events Income Facilities Income Fund Raising Gym Membership Hire of Clubhouse Interest Income Pool tables income Sale of Kit Sponsorship ROI Dept of Foreign Affairs Tuck Shop Income Trips Income GFC Lottery Income Charitable activities (Unrestricted) Sport NI MEA Council Membership & dues Players Compensation Charitable activities (Restricted) 3G Pitch Hire income Belfast Harbour Carnhill Children in Need CFNI-DOH Schools Programme Clear Project income Community Foundation Coaching Income Donations Events Income Halifax Foundation Ireland Fund Irish Football Association Mid & East Antrim BC Membership & dues National Lottery Public Health Agency Sport-Ed Sport NI ROI Dept of Foreign Affairs Capital Grants (Restricted) Irish FA Mid & East Antrim BC Whitemountain Fund Total incoming resources |
Carried Forward Received Deferred Total 2024 Total 2023 |
Carried Forward Received Deferred Total 2024 Total 2023 |
|---|---|---|
| - 1,261 - 1,261 - 160 - 160 - - - - - 2,240 - 2,240 - 5,091 5,091 - - - - - - - - - 875 - 875 - 2,692 - 2,692 - - - - - 5,701 - 5,701 - 7,090 - 7,090 - - - - - 10,206 - 10,206 - 33,973 - 33,973 - 12,529 - 12,529 |
1,512 - 300 324 1,926 140 2,165 490 1,275 67 60,623 5,975 - 9,359 41,758 10,656 |
|
| - 81,818 - 81,818 |
136,569 | |
| - 957 - 957 - - - - - 99,631 - 99,631 - 10,785 - 10,785 |
- 2,280 91,894 26,000 |
|
| - 111,373 - 111,373 |
120,173 | |
| - 22,212 - 22,212 - - - - - - - - - 8,800 - 8,800 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 8,007 - 8,007 - - - - - 71,569 - 71,569 - - - - - 1,000 - 1,000 - - - - - - - - |
14,550 3,000 - 500 27,115 4,916 - - 200 - - - - 900 - 63,725 - - - 6,779 |
|
| - 111,588 - 111,588 |
121,685 | |
| - - - - - - - - - - - - |
- - - |
|
| - - - - |
- | |
| - 304,780 - 304,780 |
378,427 |
| 3 Resources expended Charitable Activities Advertising Administration Expenses Affiliation & league fees Bank Charges Bank Interest Bin Collection Booking System Cleaning Coach Education Coaching expenses Community Activity Costs Community Programme costs Community Food Computer & Website expenses Consultancy Depreciation Donations Out Entertainments Licence Equipment & Kit Fines & Appeals Fundraising Expenses Gas General Expenses Gifts GFC Lottery payouts Health & Safety Heat & Light Hospitality & Entertainment Insurance Internet Expenses Kit Washes Medical Kit Physiotherapy Pitch & Sports hall hire Player Welfare Player's expenses Postage Prizes Promotional Expenses Referee's Fees Rents & Leases Repairs & Maintenance Stationery Telephone Television Expenses Training Costs Tuck shop expenses Trip & Travel expenses Wages Cost Reallocation (Central Costs) Total Governance Accountancy Total Resources expended |
Un-restricted Funds Restricted Funds Total Funds 2024 Total funds 2023 |
Un-restricted Funds Restricted Funds Total Funds 2024 Total funds 2023 |
|---|---|---|
| 255 - 255 - - - 15,916 - 15,916 486 8 494 - - - - - - - - - 2,239 1,320 3,559 1,694 - 1,694 780 11,168 11,948 - 1,089 1,089 - 15,043 15,043 - 25,063 25,063 2,730 - 2,730 6,234 - 6,234 18,901 - 18,901 1,388 - 1,388 - - - 13,865 1,313 15,178 - - - - - - 2,712 - 2,712 2,925 200 3,125 599 75 674 1,680 - 1,680 - - - 8,486 - 8,486 3,332 - 3,332 3,793 - 3,793 - - - 1,953 - 1,953 838 21 859 3,700 - 3,700 9,552 16,877 26,429 - - - - - - 9 - 9 3,585 - 3,585 - - - 13,652 - 13,652 6,500 - 6,500 11,340 - 11,340 375 270 645 - - - 159 - 159 - - - 6,222 53 6,274 29,231 1,851 31,082 - 36,399 36,399 11,503 - 11,503 - |
891 - 9,905 305 - - - 2,839 145 11,590 1,225 14,406 25,779 5,244 3,240 19,003 20 - 59,413 - - 1,852 4,921 427 590 - 4,854 3,679 4,118 - 952 579 2,775 22,928 2,775 - - 312 - 6,418 7,667 7,696 605 - 199 - 5,238 54,206 33,437 - |
|
| 163,628 122,251 285,879 |
320,233 | |
| 1,560 - 1,560 |
1,512 | |
| 165,188 122,251 287,439 |
321,745 |
4 Employees
There was one employee during the year.
The Trustees received no remunerations for their services during the year
5 Taxation
The charity is generally exempt from tax on income and chargeable gains. Accordingly, no tax charges have arisen during the year.
| 6 Fixed Assets Cost At 01/07/22 Additions At 30/06/23 Accumulated Depreciation At 01/07/22 Charged in year At 30/06/23 Net Book Value at 30/06/23 Net Book Value at 01/07/22 7 Current Assets Accrued Income Prepayments Trade Debtors 8 Liabilities - Amounts falling due within one year Accruals Credit Card Trade Creditors Deferred Income Payroll Liabilities Ulster Community Investment Trust 9 Liabilities - Amounts falling due in more than one year Ulster Community Investment Trust 10 Analysis of net assets between funds Fixed Assets Current assets Current liabilities Long Term liabilities |
Club House & Small Astro 443,864 - |
Car 1,500 - |
Equipment & Furnishings Gym Equip New Stand Total 25,618 10,543 101,627 583,152 - - - - |
|---|---|---|---|
| 443,864 | 1,500 | 25,618 10,543 101,627 583,152 |
|
| 54,785 8,879 |
1,500 - |
20,524 9,781 10,163 96,752 4,328 612 5,081 18,901 |
|
| 63,664 | 1,500 | 24,851 10,394 15,244 115,653 |
|
| 380,200 | - | 766 150 86,383 467,499 |
|
| 389,079 | - | 5,094 762 91,464 486,400 |
|
| Un-restricted Funds 228,515 283,766 25,638 - - |
2024 2023 - - 333 1,833 6,329 3,750 6,662 5,583 2024 2023 18,197 25,951 1,568 692 5,302 23,121 - - 571 - - - 25,638 49,764 2024 2023 - - - - Restricted Funds Total Funds 238,984 467,499 46,868 330,634 - 25,638 - - - 285,852 772,495 |
||
| 486,643 |
| Incoming | Outgoing | Balance at | |||||
|---|---|---|---|---|---|---|---|
| Opening balance | resources | resources | Fund | transfers | 30 06 24 | ||
| 11 | Restricted Income Funds | ||||||
| Belfast Harbour - Schools project | - | - | - | - | - | ||
| Community Foundation (Cuppa Club) | - | - | - | - | - | ||
| Community Foundation (Older & Vulnerable People | - | - | 1,550 | 1,550 | - | ||
| Community Projects | - | - | - | - | - | ||
| Community Projects (Other) * | 29,260 | 1,200 | 671 | - | 1,550 |
28,239 | |
| Children in Need | 7,249 | 8,800 | 8,902 | - | 7,147 |
- | |
| CFNI-DOH Schools Program | 21,221 | - | 21,251 | 31 | 0 | ||
| Halifax Foundation (Older & Vulnerable People) | - | - | - | - | - | ||
| Jobstart scheme | - | 8,007 | 4,966 | - | 3,041 |
- | |
| MEA Other Grants | - | - | - | - | - | ||
| MEA 3G Pitch | - | 22,012 | 16,885 | - | 5,127 |
- | |
| Sport NI | - | - | - | - | - | ||
| Trusthouse Foundation | - | - | - | - | - | ||
| National Lottery (Cuppa Club) | 15,085 | 71,569 | 68,025 | - | 18,629 | ||
| National Lottery (Older & Vulnerable People) | - | - | - | - | - | ||
| 72,815 | 111,588 | 122,251 | - | 15,285 |
46,868 |
| * Other community projects includes £200 of donations and £1000 from Sport-Ed | * Other community projects includes £200 of donations and £1000 from Sport-Ed | * Other community projects includes £200 of donations and £1000 from Sport-Ed | * Other community projects includes £200 of donations and £1000 from Sport-Ed | |||
|---|---|---|---|---|---|---|
| 12 Restricted capital Funds | ||||||
| Clubhouse | 60,245 | - | - | - | 1,339 |
58,906 |
| Biffa (Small Astro Pitch) | 81,983 | - | - | - | 1,822 |
80,161 |
| Irish FA | 28,800 | - | - | - | 600 |
28,200 |
| Mid & East Antrim BC | - | - | - | - | - | |
| Mid & East Antrim BC New Stand | 30,935 | - | - | - | 1,719 |
29,216 |
| White Mountain Funds New Stand | 45,000 | - | - | - | 2,500 |
42,500 |
| 246,963 | - | - | - | 7,979 |
238,984 | |
| 13 Designated Funds | ||||||
| Community Projects (Designated) | 26,644 | - | - | - | 26,644 | |
| Club Running Costs (Designated) | 70,000 | - | - | - | 70,000 | |
| Club Development (Designated) | 83,471 | - | - | - | 83,471 | |
| 180,115 | - | - | - | 180,115 | ||
| 14 Unrestricted income Funds | ||||||
| Core Funds | 255,261 | 193,191 | 165,188 | 23,264 | 306,528 | |
| 255,261 | 193,191 | 165,188 | 23,264 | 306,528 | ||
| Total Funds | 755,154 | 304,780 | 287,439 | - | 772,495 |