Charity registration number.. 103186 Downpatrick Football Club Financial Statements Year Ended 31 May 2023 KPS Chartered Accountants Chartered Tax Advisers Registered Auditors 35 Irish Street Downpatrick Co. Down BT30 6BW
Downpatrick Football Club Financial Statements Year Ended 31 May 2023 Contents Page Charity Reference and Administrative Details Trustees. Annual Report Independent Examinerfs Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 8-13
Downpatrick Football Club Charity Reference and Administrative Details Year Ended 31 May 2023 Charity registration number 103186 Trustees Mr Paul Moore (Chairman) Mr Tony Mcshane (Treasurer) Mr Jonathan Holland (Secretary) Mr Mark Murphy Mr Mark Mccann Mr Andrew Healey Mr Barry McDowell Mr Conal Gardner Mr David Sharvin Mr Liam Toner Mr Marty McGarry Mr Nigel Peacock Mr Paul Keown Mr Ryan Madine Accountants KPS Chartered Accountants Chartered Tax Advisers Registered Auditors 35 Irish Street Downpatrick Co Down BT30 6BW Solicitor Scullion & Green Solicitors 50 St Patrick's Avenue Downpatrick Co. Down BT30 6DW Bankers Ulster Bank 218 Market Street Downpatrick Co. Down BT30 6BU
Downpatrick Football Club Trustees, Annual Report Year Ended 31 May 2023 The Trustees present their annual report and the financial statements of the charity for the year ended 31 May 2023. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities. (FRS 102) in preparing the annual report and financial statements of the charity. Trustees of the charity The trustees who have served during the year and since the year end were as follows: Mr Paul Moore (Chairman) Mr Tony Mcshane (Treasurer) Mr Jonathan Holland (Secretary) Mr Mark Murphy Mr Mark Mccann Mr Andrew Healey Mr Barry McDowell Mr Conal Gardner Mr David Sharvin Mr Liam Toner Mr Marty McGarry Mr Nigel Peacock Mr Paul Keown Mr Ryan Madine Objectives and activities Downpatrick Football Club has been established to further the advancement of Amateur Soccer in the broader Downpatrick Area. Currently Downpatrick FC has one senior men's team competing in the Nl Amateur Football League, one senior women's team competing in the Nl Women's Football League. The football club also has a number of teams completing in the South Belfast Youth Football League (SBYFL) our u19's, 16's, 15's and 14's. Our under 11's, 12's, 13's and mini soccer section {u7's, u8's, u9's and u10's} also compete in the DYFL. Downpatrick Football Club provides the opportunity for people from the Downpatrick Area to participate in organised sport for the purposes of health and wellbeing. The main purposes of the Club are to provide facilities for and to promote participation in the amateur sport of football in the Downpatrick area and its environs in Co. Down without distinction of age, gender, nationality, ethnic minority, religious beliefs, or disability. In pursuit of these objectives, the club will also seek to promote peace and reconciliation. Public benefit statement The charity has given careful consideration to the Charity Commission for Northern Ireland's guidance on public benefit to ensure that the activities entered into during the year have helped to achieve the charity's objectives and activities as well as providing public benefit. Achievements and performance The football club continue to liaise with the South Eastern Health Trust in trying to secure the land identified as a potential site to build a much needed facility for the football club and the
Downpatrick Football Club Trustees, Annual Report Year Ended 31 May 2023 wider community. We are doing this in partnership with Development Trusts Nl, Newry Mourne and Down District Council, local Gouncillors, and the local MLA'S. On the pitch all teams within the football club are continuing to play in their respective leagues - the football club made the decision to return the senior team to the local league to try and encourage players back to the club. In the first season they won their league, gaining promotion and the league cup. Each age group nearing maximum numbers in terms of membership and capacity with our u14's fielding two teams. The club continues to explore the possibilities of increasing teams at the various age groups. Financial review The results for the year are set out in detail on pages 6 to 13. The club had a net deficit in the year of (£4,348) (2022: net deficit £5,410). At 31 May 2023, the total funds of the charity amounted to (£6,688) (2022. (£2,340)) comprising of restricted funds of £1,265 (2022.. £1,915) and unrestricted funds of (£7,953) (2022.. (£4,255). Reserves policy The clubs policy is to maintain sound financial control with a policy of charging sensible rates for membership, players dues, football gear and gate reiptS to ensure healthy reserves to cope with any unforeseen costs that may arise. Plans for future periods Plans for the future include identifying a site on which to construct football playing facilities, update the club's business plan and seek new sources of funding to help finance the cost of developing the aforementioned facilities. Structure, governance and management Downpatrick Football Club is managed a small number of trustees. Many hours are given free of charge to ensure the smooth running of the club and we are committed to providing facilities for and to promote participation in the amateur sport of football in the Downpatrick area and its environs in Co. Down. Trustees, responsibilities statement The trustees are responsible for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The 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 the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to: select suitable accounting policies and then apply them consistently., observe the methods and principles in the Charities SORP 2019 (FRS 102). make judgements and estimates that are reasonable and prudent., state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements.,
Downpatrick Football Club Trustees, Annual Report Year Ended 31 May 2023 prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act (Northern Ireland) 2008, the Charities (Accounts and Reports) Regulations (Northern Ireland) 2015 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hen for taking reasonable steps for the prevention and detection of fraud and other irregularities. Signed on behalf of the board of trustees on Mr Paul Moore Trustee
Downpatrick Football Club Independent Examiners Report Year Ended 31 May 2023 Independent Examiner's Report to the Trustees of Downpatrick Football Club I report on the accounts of the charity for the year ended 31 May 2023 which are set out on pages 1 to 13. Respectlve responsibilities of trustees and examiner As the charity's trustees you are responsible for the preparation of the accounts in accordance with the Charities Act (Northern Ireland) 2008. It is my responsibility to,. examine the accounts under section 65 of the Charities Act., follow the procedures laid down in the general Directions given by the Charity Commission for Northem Ireland under section 65(9)(b) of the Charities Act., and state whether particular matters have come to my attention. Basis of independent examinerfs report I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern 5reland under section 65(9)(b) of the Charities Act. My 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 as charity trustees conceming any such matters. My role is to state whether any material matters have come to my attention giving me cause to believe: 1 . That accounting records were not kept in accordance with section 63 of the Charities Act 2. That the accounts do not accord with those accounting records 3. That the accounts do not comply with the accounting requirements of the Charities Act 4. That there is further information needed for a proper understanding of the accounts to brJ reached. Independent examiner's statement I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention. KPS Cha ed Accountants Chartered ax Advisers Registered Auditors 35 Irish Street Downpatrick BT30 6BW Date:
Downpatrick Football Club Statement of Financial Activities Year Ended 31 May 2023 2023 2022 UnrestrScted Restricted funds funds Total Total Note Funds Donations Charitable activities Fundraising Total income 6,450 15,910 10,332 32,692 19,450 11,854 31,304 19,450 11,854 31,304 Expenditure on: Raising funds Charitable activities Total expenditure 6,300 28,702 35.002 6,300 29,352 35,652 6,000 32,102 38,102 650 650 Net funds l (deficit) (3.698) (650) (4,348) (5,410) Transfer from restricted funds Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 12 (3,698) (650) (4,348) (5.410) 12 12 (4,255) (7.953) 1,915 1,265 (2,340) 3,070 16,688) (2,340) All income derives from continuing activities. The statement of financial activities includes all gains and losses recognised during the year.
Downpatrick Football Club Balance Sheet Year Ended 31 May 2023 2023 2022 Note Fixed assets Tangible assets Current assets Stock Debtors Cash at bank and in hand 1,466 100 100 4,950 781 5,831 670 770 Creditors: amounts falling due within one year Creditors 10 5,375 5,375 4,605 (4,605) 2,083 6,688 6,554 6,554 723 743 3,083 2,340 Net current assets Total assets less current liabilities Creditors: amounts falling due after more than one year Net assets Charity Funds Restricted funds Unrestricted funds Total charity funds 12 12 1,265 7,953 6,688 1,915 4,255 2,340 Signed on behalf of the board of trustees on Mr Tony Mcshane Trustee
Downpatrick Football Club Notes to Financlal Statements Year Ended 31 May 2023 Summary of significant accounting policies (a) General information and basis of preparation The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordan with Accounting and Reporting by 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 (FRS 102) (Charities SORP (FRS 102)), Charities Act (Northern Ireland) 2008 and UK Generally Accepted Practi. The charity has applied Update Bulletin 1 as published on 2 February 2016 and does not include a cash flow statement on the grounds that it is applying FRS 102 Section 1A. The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £. The significant accounting policies applied in the preparation of these financial statements a set out below. These policies have been consistently applied to all years presented unless otherwise stated. (b) Funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. (c) Income recognition All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity is legally entitled to the income after any perfomiance conditions have been met, the amount can be measured reliably and it is probable that the income will be received. For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled. Donated facilities and donated professional services are recognised in income at their fair value when their economic benefit is probable, it can be measured reliably and the charity has control over the item. Fair value is determined on the basis of the value of the gift to the charity. For example the amount the charity would be willing to pay in the open market for such facilities and services. A corresponding amount is recognised in expenditure. No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102). Further detail is given in the Trustees, Annual Report.
Downpatrick Football Club Notes to Financial Statements Year Ended 31 May 2023 (d) Expenditure recognition All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. It is categorised under the following headings: Costs of raising funds includes of draw expenditure. Expenditure on charitable activities includes costs associated with running the club. and Other expenditure represents those items not falling into the categories above. Irrecoverable VAT is charged as an expense against the activity for which expenditure arose. (e) Administration costs allocation Administration costs are those that assist the work of the Charity but do not directly represent charitable activities and include office costs and governance costs. They are incurred directly in administration of the objects of the charity. Vvhere administration costs cannot be directly attributed to particular headings they have been allocated to cost of raising funds and expenditure on charitable activities on a basis consistent with use of the resources. The analysis of these costs is included in note 5 and note 6. (fj Tangible fixed assets Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Costs in relation to land and buildings are being depreciated over a period of 5 years at a rate of 201>/0 per annum on a straight-line basis. (g) Stocks Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged. obsolete and slow-moving stock where appropriate. (h) Debtors and creditors receivable I payable within one year Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure. (i) Going concern The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.
Downpatrick Football Club Notes to Financial Ststements Year Ended 31 May 2023 Income from donations 2023 2022 Grants 6,450 6,450 Income from grants was £NIL (2022: £6,450) of which £Nil (2022.. £1,500) was attributable to unrestricted funds and £Nil (2022: £4,950) was attributable to restricted funds. Income from charitable activities 2023 2022 Sponsorship Players Dues Membership Gate Receipts Other Income 2,090 380 17,360 15,530 15,910 Income from charitable activities was £19,450 (2022.. £15,910) of which £19,450 (2022: £15.910) was attributable to unrestricted funds and £Nil (2022: £Nil) was attributable to restricted funds. Fundraising 2023 2022 Fundraising events 11,854 11,854 10,332 10,332 Income from fundraising activities was attributable unrestricted funds. Analysis of expenditure on ralsing funds 2023 2022 Cost of prizes 6,300 6,300 6,000 6,000 £NIL (2022.. £NIL) of the above costs were attributable to restricted funds. £6,300 (2022.. £6,000) of the above costs were attributable to unrestricted funds. 10
Downpatrick Football Club Notes to Financial Statements Year Ended 31 May 2023 Analysis of expenditure on charitable activities 2023 Total 2022 Total Administration costs Entry Fees & Fines Pitch Hire Costs Cleaning Costs Transport Costs Referee Costs Sports Gear & Equipment Donations Medical Fees Rent Legal & Professional Fees Staff Training Printing Postage & Stationery Sundry Expenses Accountancy Fees Insurance Fundraising Costs Bank Fees Website Costs Bank loan interest Depreciation Charge 1,592 13,974 1,592 13,974 1,288 12,502 6,432 2,267 6,432 2,267 4,180 5,195 508 508 31 4,950 650 650 516 730 600 552 650 516 730 600 552 837 600 261 40 43 59 1,466 32,102 65 1,466 29,352 65 1,466 29,352 £650 (2021: £5,600) of the above costs were attributable to restricted funds. £28,702 (2022 £26,502) of the above costs were attributable to unrestricted funds. Net incomel(expenditure) for the year Net incomel(expenditure) is stated after charging l (crediting): 2023 2022 Depreciation of tangible fixed assets 1,466 1,466 Independent examinerfs remuneration The independent examiner's remuneration amounts to £600 (2022.. £600).
Downpatrick Football Club Notes to Financial Statements Year Ended 31 May 2023 Tangible fixed assets Land and buildings Totsl Cost or valuation: At 1 June 2022 Additions Disposals At 31 May 2023 Depreciation: At 1 June 2022 Depreciation Charge At 31 May 2023 Net book value: At 31 May 2023 At 31 May 2022 7,330 7,330 7,330 7,330 5,864 1,466 7,330 5,864 1,466 7,330 1,466 1,466 10 Creditors: amounts falling due wlthin one year 2023 2022 Bank Loan Trade Creditors Accruals 1,000 3,275 1,100 5,375 1,000 4,955 600 6,555 11 Creditors: amounts falling due after one year 2023 2022 Bank Loan 2,083 2,083 3,083 3,083 12 Fund reconciliation Unrestricted funds Balance at 1 June 2022 Balance at Income Expenditure Transfers 31 May 2023 General funds (4,255) 31,304 (35.002) (7,953) 12
Downpatrick Football Club Notes to Financial Statements Year Ended 31 May 2023 Restricted funds Balance at 1 June 2022 Balance at Income Expenditure Transfers 31 May 2023 Santander Foundation 1,915 650 1,265 Unrestricted funds Comprise funds that the trustees are free to use in accordan with the charity's objectives. Restricted funds: Santander Foundation- This is a specific grant award to fund coaching courses for disadvantaged excluded young people. The club has been unable to expend all of the funds reiVed in respect of this grant within the stipulated 12-month time period. The Trustee's have advised this issue has been discussed with the Santander Foundation. It is the club's intention to expend these funds for the purpose provided going forward. 13