Club Aontroma Statement of Financial Activities Year ended 31 March 2023 2023 Unrestricted funds Total funds 2022 Total funds Note InGorne and endowments Donations and legacies Charitable activities Investment income 19,700 6,478 10 19,700 6,478 10 21,187 9,612 Total income 26,188 26,188 30,802 Expenditure Expenditure on charitable activities Total expenditure 18.535 18.535 40,091 18.535 18,535 40.091 Net incomel(expenditure) and net movement in funds 7,653 7,653 {9,289) Reconciliation of funds Total funds brought foNard Total funds carried forward 40.313 40,313 47,966 49.602 47.966 40,313 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 6 to 12 form part of these fEnancial statements. Club Aontroma Statement of Financial Position 31 March 2023 2023 2022 Note Current assets Debtors Gash at bank and in hand 15 5,124 44,642 5,524 38,979 49,766 44,503 Creditors: amounts falling due within one year Net current assets 16 1,800 4,190 47,966 47.966 40,313 Total assets less current liabilities 40,313 Net assets 47.966 40,313 Funds of the charity UnrestriGted funds 47,966 40,313 Total charity funds 17 47,966 40,313 These financial statements were approved by the board of trustees and authorised for issue on 9 January 2024, and are signed on behalf of the board by: Mr N Murphy Trustee Ms E Grieve Trustee Niffjtl LLb I The notes on pages 6 to 12 form part of these financial statements. Club Aontroma Notes to the Financial Statements Year ended 31 March 2023 General information The charity is a public benefit entity and a registered chartty in Northern Ireland and is unincorporated. The address of the principal office is 25 Mayfield Gardens, Newtownabbey, Co Antrim, BT36 7WB. Statement of compliance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland.. the 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 1021) and the Charities Act (Northern Ireland) 2008. Accounting policies Basi5 of preparation The financial statements have been prepared on the historical cost basis, as modified by the revaluation of cerlain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. Going conGern There are no material uncertainties about the charity's ability to continue. Fund accounting Unrestricted funds are available for use at Ihe discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal and fall into one of Iwo sub-classes.. restricted income funds or endowment funds. Club Aontroma Notes to the Financial Statements (continued) Year ended 31 March 2023 Accounting policies (Gonlinuedj Incoming resources All incoming resources are included in the statement of financial activilies when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when re￿Ipt is probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if Ihe value can be reliably measured. No amounts are incSuded for the contribution of general volunteers. income from contracts for the supply of services is recognised with the delivery of the contracted seNice. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned rf unspent, in which case it may be regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement offinancial activities to which it relates: expenditure on raising funds includes the costs of all fundraising activities. events, non- haritable trading activities, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charttable aims for the benefit of its beneficiaries. including those support costs and costs re12ting to the governance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned be￿een the activities they contribute to on a reasonable, justifiable and consistent basis. Tangible assets Tangible a55ets are initially reGorded at Gost. and subsequently stated at C05t sess any accumulated depreciation and impairment Sosse5. Any tangible a55ets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Club Aontroma Notes to the Financial Statements (continued) Year ended 31 March 2023 Accounting policies (continued) Tangibl8 assets (continu8dJ An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of finanGial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities. Depreciation Depreciation is calculated so as to write off the cost orvaluation of an asset, less its residual value, over the useful economic life of that asset as follows: Equipment 330/0 Straight line Impairment of fixed assets A review for indicators of impairment is carried out at each reporting date. with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount. the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-gènerating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assels. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generaling units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units. Financial instruments A financial asset or a financial liability is recognised on5y when the charity becomes a party to the contractual provisions of the instrument. Basi¢ financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are 5ubsequent5y measured at amortised cost. Where investments in shares are publicly traded or their fair value can olherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impaimienL Club Aontroma Notes to the Financial Statements (continued) Year ended 31 March 2023 Accounting policies (continued) Financial instruments (continued) Other finanGial instruments, including derivatives, are initially recognised at fair value. unless payment for an asset is deferred beyond normal business terms or financed at a rate of interesl that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Otherfinancial instruments are subsequently measured atfair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised Cost are reviewed for objective evidence of irnpairment at the end of each reporting date. If there is objective evidence of impairment. an impairment loss is recognised under the appropriate heading in the statement of financial activities in whiGh the initial gain was recognised. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a Garrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Donations and legacies Unrestricted Total Funds Unrestricted Total Funds Funds 2023 Funds 2022 Donations Donations 19,700 19,700 21.187 21,187 Charitable actlvities Unrestricted Total Funds Unrestricted Total Funds Funds 2023 Funds 2022 Sale of goodslservices as part of direct charilable activities 6,478 6.478 9,612 9.612 Investment income Unrestricted Total Funds Unrestricted Total Funds Funds 2023 Funds 2022 8ank interest receivable 10 10 Club Aontroma Notes to the Financial Statements (continued) Year ended 31 March 2023 Expenditure on charitable activities by fund type Unrestricted Total Funds Unrestricted Total Funds Funds 2023 Funds 2022 Donations Fundraising Support costs 13,450 3,869 1,216 13,450 3,869 1,216 31,000 7,810 1,281 31,000 7.810 1,281 18,535 18,535 40,091 40.091 Expenditure on charitable activities by activity type Activities undertaken directly Support Total funds costs 2023 Total fund 2022 Donations Fundraising 13,450 3,869 13,450 5.085 31,000 9.091 1,216 17,319 1,216 18,535 40.091 Analysis of support costs Analysis of support costs Total 2023 Total 2022 Bank Charges Accountancy Foreign exchange (gains>Aosses Depreciation 518 1.080 (382) 518 1,080 {382) 185 720 50 325 1,216 1,216 1,280 10. Net incomel{expenditure) Net incomel(expenditure) is stated after chargingl(crediting)- 2023 2022 Depreciation of tangible fixed assets 325 11. Independent examtnation fees 2023 2022 Fees payable lo the independent examiner for: Independent examination of the financial statements 900 10 Club Aontroma Notes to the Financial Statements (continued) Year ended 31 March 2023 12. Staff costs The total staff costs and employee benefits for the reporting period are analysed as follows: 2023 2022 NIL NIL The average head count of employees during the year was Nil (2022-. Nil)- No employee received employee benefits of more than £60,000 during the year (2022: Nil). 13. Trustee remuneration and expenses No remuneration or other benefits from employment with the charity or a related entity were received by the trustees. No trustee expenses have been incurred. 14. Tangible fixed assets Equipment Cost At 1 April 2022 and 31 March 2023 Depreciation At 1 April 2022 and 31 MarGh 2023 Carrying amount At 31 March 2023 g77 977 At 31 March 2022 15. Debtors 2023 2022 Trade debtors 5,124 5,524 16. Creditors: amounts falling due within one year 2023 2022 Accruals and deferred income 1,800 4,190 11 Club Aontroma Notes to the Financial Statements (continuedj Year ended 31 March 2023 17. Analysis of charitable funds Unrestricted funds At 1 April 2022 At Income Expenditure 31 Mar 2023 General funds 40,313 26,188 (18,535) 47,966 At 1 April 2021 At Income Expenditure 31 Mar 2022 General funds 49,602 30,802 (40,091) 40,313 18. Analysis of net assets between funds Unrestricted Total Funds Funds 2023 Current assets Creditors less than 1 year Net assets 49,766 (1,800) 47,966 49.766 (1,800) 47,966 UnrestriGted Total Funds Funds 2022 Tangible fixed assets Current assets Creditors less than 1 year Net assets 44,503 (4,190) 40,313 44.503 (4,190) 40,313 12