Company No.. Nl 062326 Charity No. 103693 Community Sports Network Financial Statements For the Year Ended 31103123 Page 1
Community Sports Network Company Information Chair Tom Scott Secretary Emma Sheehy Treasurer Margaret Patterson- Mcmahon Directors Trevor Ringland Tommy Mcveigh Grainne O'malley Martin Walls Paul Donnelly Melanie Willmore Registered Office Townsend Enterprise Park Townsend Street Belfast BT13 2ES Accountants Insight Business Services 53 Bernice Road Newtownabbey BT36 4QZ Business Address Townsend Enterprise Park Townsend Street Belfast BT13 2ES Bankers Danske Bank Donegal Sq East Belfast BTI 6JS Page 2
Community Sports Network Page Directors, Report Accountant's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 9- 11 Page 3
Community Sports Network Directors, Report For the Period Ended 31103123 The Directors present their report and financial statements for the period ei 31103123 Incorporation and change of name The company was incorporated on 10 October 2006 as Belfast Community '. Development Network Limited. The company commenced trade on 10 Octc The company name changed to Community Sports Network Ltd in February Principal activity The principal activity of the company is to provide sports based welfare and services and to maintain a building or buildings in order to make this availa those within the area of benefit and elsewhere for the purpose of promotin( business, social and cr055 community activity. A full report for the year is attached in the appendices Directors The directors who served during the period are as stated below.. Tom Scott Emma Sheehy Margaret Patterson-mcmahon Trevor Ringland Tommy Mcveigh Grainne O'malley Martin Walls Paul Donnelly Melanie Willmore This report is prepared in accordance with Part 15 of the Companies Act 20 This report was approved by the Board on and siqned on Siqnature Name Page 4
Independent Examiner's Report to the Members of Community Sports Network I report on the accounts of the charity for the year 3 1103123 which are set out on pages6- 11. Respective responsibilities of Directors and examiner As the charity trustees (and also the directors of the company for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the charity is not subject to audit under company law, and is eligible for independent examination, 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 Northern Ireland under section 6519)Ib) of the Charities Act state whether particular matters have come to my attention. Basis of independent examiner's report I have examined your chaflty accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by Ihe Charity Commission for Northern Ireland under section 65(91(b) of the Charities Act. The examination included a review of the accounting record5 kept by the charity and a comparison of the accoun presented with those records, It also included consideration of any unusual items or disclosures the accounts, and seeking explanations from you as charity trustees concerning any such matters. My role is to state whether any material matters have come ro my attention giving me cause to believe.. l. That accountlng records were not kept in accordance with section 386 of the Companies Act 2006 2. That the accounts do not accord with those accounting records 3. That the accounts do not comply with the accounting requirernents of section 396 of the Companies Act 2006 and with the methods and principles of the 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 4. That there is further information needed for a proper understanding of the accounts to be reached. Independent examiner's statement I have completed my examination and have no concerns in respect of the matters <1} to (4) lisiei above and, in connection with following the Directions of the Charity Commission for Northern Ireland, S have found no matters that require drawing to your attention. Derek Browne ACMA Insight Business Services 53 Bernice Road Newtownabbey, BT36 4QZ Page 5
Community Sports Network Statement of Financial Activities for the period ended 31103123 2023 Restricted Unrestricted Funds Funds 2022 Total Incoming Resources Grant Generated Income Other Income Total Income 265,613.15 0.00 265,613.15 324,899 0.00 104,558.20 104,558.20 113,380 71,416.80 71,416.80 32,290 265,613.15 175,975.00 441,588.15 470,569 Expenditure Charitable Activities Administrative Expenses Total Expenditure 265,613.15 231,312.36 496,925.5 1 430,402 0.00 2,150.00 2,150.00 1,680 265,613.15 233,462.36 499,075.5 1 432,082 Net Incomingloutgoing Resources 0.00 -57,487.36 -57,487.36 38,487 Net Movement of Funds -57,487 -57,487 38,487 There are no recognised gains or losses other than the profit or loss for the above financial year. All activities relate to continuing operations Page 6
Community Sports Network Balance Sheet As at 31103123 2023 2022 Notes Fixed Assets Tangible Assets 0.00 Current Assets Debtors 68,634.75 67,677 Cash at bank and in hand 205,173.19 272,279 Creditors: amounts falling due within one year 13,503.67 23,122 Net Current Assets Total Assets less current liabilities 191,669.52 249,157 Creditors: amounts falling due after more than one year Deferred grant income 0.00 Net Assets 191,669.52 249,157 Restricted Reserves Unrestricted Reserves Movement of Funds Total Funds 65,000.00 184,156.88 -57,487.36 191,669.52 65,000 145,669 249.157 The directors, statements are shown on the following page which forms part of this Balance Sheet Page 7
Community Sports Network Balance sheet (continued) Directors, statement for the year ended 31103123 In approvinq these financial statements as directors of the charitv we herebv confirm". For the year endinq 3 1103123 the company was entitled to exemption from audit under Article 257AII) of the Companies (Northern Ireland) Order 1986 and That no notice has been deposited at the reoistered office of the companv pursuant to Article 257B12) requestinq that an audit be conducted for the vear ended 31103123 Director's responsibilities., •The members have not required the companv to obtain an audit of its accounts for the year in question, •The directors acknowledqe their responsibilities for complvina with the reauirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts These accounts have been prepared in accordance with the provisions applicable to companies subiect to the small companies reqime. The financial statements were approved bv the Board on siqned on its behalf bv .,///i.-/ ? ? and Signature Name Page 8
Notes to the financial statements For the year ended 3 1103123 Accounting Policies 1.1 Accounting convention The fi'nancial statements are prepared under the historical cos and follow the recommendations in 'Accounting and Reportin( Statement of Recommended Practice, issued in 2005 The charity has taken advantage of the exemption in FRSI fro to produce a cashflow statement because it is a small charity 1.2 Incoming resources Voluntary income is received by way of donations and gifts an in full in the Statement of Financial Activities when receivable. for resale are included as income when they are sold. Donate included at the value to the charity where this can be quantifii party is bearing the cost. The value of services provided by vi not been included. Grants, including grants for the purchase of fixed assets, are full in the Statement of Financial Activities in the year in whicF receivable. 1.3 Resources Expended Resources expended are recognised in the year in which they Management and administration costs are those incurred in ci administration of the charity and compliance with constitutior requirements. 1.4 Tangible fixed assets and depreclatlon Depreciation is provided at rates calculated to write off the co value of each asset over its expected useful life, as follows: Plant and machinery Fixtures, fittings and equipment Motor vehicles 25% straight line 33% straight line 25% straight line Page 9
Community Sports Network Notes to the financial statements For the year ended 31103123 1.5 Pensions No pensions were payable by the charity during the year. Grant Income 2023 2022 Government and other Grants 265,613 324,899 Operating gain/(deficit) 2023 2022 Operating gain is stated after charging,. Depreciation and other amounts written off Accountant's remuneration 1,980 1,980 Employees 2023 2022 Number of employees The average monthly number of employees (excluding Directors) during the year were.. 14 12 Employment costs 2023 2022 Wages and salaries Social security costs Other pension costs 276,311 75,655 21,820 373,786 228,074 53,488 18,903 300,465 Page 10
Community Sports Network Notes to the financial statements For the year ended 31103110 5. Tangible Fixed Assets Fixtures, IT & Office fittings and Equipment equipment Motor vehicles Total Cost At l April 2021 Additions At 31 March 2022 1,207 1,207 Depreciation At l April 2021 Charge for the year At 31 March 2022 1,207 1,207 1,207 1,207 Net book values At 31 March 2022 At 31 March 2021 6. Debtors 2023 2022 Grant Debtors Other Debtors Prepayments and accrued income 68,635 67,677 68,635 67,677 7. Creditors: amounts falling due within one year 2023 2022 Trade creditors Other Creditors Other taxes and social security costs Accruals and deferred income 1,980 6,226 5,298 13,504 1,800 7,626 13,697 23,123 Page 11
Community Sports Network The following does not form part of the statutory accounts. Detailed Statement of Financial Activities For the year ended 31103123 2023 2022 Income Dfc Belfast City Council Uniting Communities Education Authority BHSCT NHSCT PHA Rank Foundation CGRU ARCS Sales Mid & East Antrim Council North Down & Arts Council National Lottery Community Fund Armagh, Banbridge & Craigavon Council Doj Prison Arts Foundation Clear Co Operation Ireland Clanmill Other Grants Other Income Total Income Expenditure Wages & Salaries Pension Travel & Expenses Rent Programmes Admin Equipment & Hire Printing & Stationery Training Telephone Insurance Accountancy & Consultancy Marketing Sundry Expenses Heat & Light Bank fees & charges 45,998 36,669 46,505 25,610 23,049 22,422 49,865 17,869 47,703 46,455 6,400 12,641 9,715 33,870 65,703 40,896 65,427 5,000 60,841 6,000 6,953 34,100 13,255 19,730 26,508 20,000 19,681 24,480 3,829 16,578 14,083 12,200 32,122 470,569 441,588 358,193 21,820 12,853 12,128 73,544 4,157 4,703 301,275 20,333 12,864 10,369 69,567 3,611 899 980 819 5,153 1,680 1,975 217 2,210 129 946 4,782 2,150 674 2,913 212 Total Expenditure 499,075 432,081 SurpluslDeficit -57,487 38,488 Page 12