2024-03-31-accounts - Community Sports Network Ltd

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Company No: NI 062326 Charity No: 103693

Community Sports Network

Financial Statements

For the Year Ended 31/03/24

Page 1

	Community Sports Network
	Company Information
Chair	Tom Scott
Secretary	Emma Sheehy
Treasurer	Margaret Patterson- McMahon
Directors	Trevor Ringland
	Grainne O’Malley
	Martin Walls
	Paul Donnelly
	Melanie Willmore
Registered Ofce	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
	BT1 6JS

Page 2

Community Sports Network

	Page
Directors' Report	4
Accountant's Report	5
Statement of Financial Activities	6
Balance Sheet	7 – 8
Notes to the Financial Statements	9 – 11

Page 3

Community Sports Network

Directors' Report

For the Period Ended 31/03/24

The Directors present their report and financial statements for the period en 31/03/24

Incorporation and change of name

The company was incorporated on 10 October 2006 as Belfast Community S Development Network Limited. The company commenced trade on 10 Octo 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 promoting business, social and cross 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 Margaret Patterson-McMahon Trevor Ringland 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 13 June 2024 and signed on its b

Signature Tom Scott Name Tom Scott

Page 4

Independent Examiner's Report to the Members of Community Sports Network

I report on the accounts of the charity for the year 31/03/24 , which are set out on pages 6 - 11.

Respective responsibilities of Directors and examiner

As the charity trustees (and also the directors of the company for the purposes of company law) 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 65(9)(b) of the Charities Act
state whether particular matters have come to my attention.

Basis of independent examiner’s 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 Ireland under section 65(9)(b) of the Charities Act. The examination included a review of the accounting records kept by the charity and a comparison of the account 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 to my attention giving me cause to believe:

That accounting records were not kept in accordance with section 386 of the Companies Act 2006
That the accounts do not accord with those accounting records 3. That the accounts do not comply with the accounting requirements 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) 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.

D Browne

Derek Browne ACMA 53 Bernice Road Insight Business Services Newtownabbey, BT36 4QZ

Page 5


Community Sports Network


Statement of Financial Activities
for the period ended 31/03/24

2024
Restricted Unrestricted Total
Funds Funds
£ £ £
Incoming Resources
Grant 368,521.74 0.00 368,521.74
Generated Income	0.00 72,485.54 72,485.54
Other Income	0.00		0.00			0.00
Total Income 368,521.74 72,485.54 441,007.28

Expenditure
Charitable Activities 368,521.74 83,854.15 452,375.89
Administrative Expenses	0.00	4,636.77			4,636.77
Total Expenditure 368,521.74 88,490.92 457,012.66

Net Incoming/Outgoing Resources 0.00 -16,005.38				-16,005.38

Net Movement of Funds 0 -16,005 -16,005

1.4

Page 6

Community Sports Network	Community Sports Network	Community Sports Network	Community Sports Network


Balance Sheet
As at 31/03/24

		2024		2023
Notes		£	£
Fixed Assets
Tangible Assets			20,814.00	0

Current Assets
Debtors		93,504.74		68,635
Cash at bank and in hand		74,100.87		136,538

	167,605.61			205,173

Creditors: amounts falling due
within one year	12,755.47			13,504

Net Current Assets			154,850.14	191,669

Total Assets less current liabilities			175,664.14	191,669

Creditors: amounts falling due
after more than one year
Deferred grant income			0.00	0

Net Assets			175,664.14	191,669

Restricted Reserves			65,000.00	65,000
Unrestricted Reserves			126,669.52	184,156
Movement of Funds			-16,005.38	-57,487
Total Funds			175,664.14	191,669

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 31/03/24

In approving these financial statements as directors of the charity we hereby confirm:

For the year ending 31/03/24 the company was entitled to exemption from audit under Article 257A(1) of the Companies (Northern Ireland) Order 1986 ; and

That no notice has been deposited at the registered office of the company pursuant to Article 257B(2) requesting that an audit be conducted for the year ended 31/03/24

Director's responsibilities;

•The members have not required the company to obtain an audit of its accounts for the year in question,

•The directors acknowledge their responsibilities for complying with the requirements 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 subject to the small companies regime.

The financial statements were approved by the Board on 13 June 2024 and signed on its behalf by

signed on	its behalf by

Signature	Tom Scott

Name	Tom Scott

Page 8

Community Sports Network

Notes to the financial statements For the year ended 31/03/24

Accounting Policies

Accounting convention

The financial statements are prepared under the historical cost convention and follow the recommendations in 'Accounting and Reporting by Charities: Statement of Recommended Practice' issued in 2005

The charity has taken advantage of the exemption in FRS1 from the requirement to produce a cashflow statement because it is a small charity

Incoming resources

Voluntary income is received by way of donations and gifts and is included in full in the Statement of Financial Activities when receivable. Gifts donated for resale are included as income when they are sold. Donated assets are included at the value to the charity where this can be quantified and a third party is bearing the cost. The value of services provided by volunteers has not been included.

Grants, including grants for the purchase of fixed assets, are recognised in full in the Statement of Financial Activities in the year in which they are receivable.

Resources Expended

Resources expended are recognised in the year in which they are incurred.

Management and administration costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.

Tangible fixed assets and depreciation

Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Plant and machinery 25% straight line Fixtures, fittings and equipment 33% straight line Motor vehicles 25% straight line

Page 9

Community Sports Network

Notes to the financial statements For the year ended 31/03/24

	Notes to the fnancial For the year ended	statements 31/03/24

1.5	Pensions
	No pensions were payable by the charity during the year.
2.	Grant Income
		2024	2023
		£	£
	Government and other Grants	265,613	265,613
3.	Operating gain/(defcit)
		2024	2023
	Operating gain is stated after charging:	£	£
	Depreciation and other amounts written of	0	0
	Accountant's remuneration	2,100	1,980
4.	Employees
		2024	2023
	Number of employees
	The average monthly number of employees
	(excluding Directors) during the year were:	15	14
	Employment costs
		2024	2023
		£	£
	Wages and salaries	248,372	276,311
	Social security costs	68,401	75,655
	Other pension costs	21,787	21,820
		338,560	373,786

Page 10

Community Sports Network

Notes to the financial statements For the year ended 31/03/10

	For the year ended	For the year ended	31/03/10
5.	Tangible Fixed Assets		Fixtures,
		IT & Ofce	fttings and	Motor
		Equipment	equipment	vehicles	Total
		£	£	£	£
	Cost
	At 1 April 2023	1,207	0	0	0
	Additions	10,254	-	10,560	-
	At 31 March 2024	11,461	0	10,560	0
	Depreciation
	At 1 April 2023	1,207	0	0	1,207
	Charge for the year	0	0	0	0
	At 31 March 2024	1,207	0	0	1,207
	Net book values
	At 31 March 2024	10,254	0	10,560	20,814
	At 31 March 2023	0	0	0	0
6.	Debtors			2024	2023
				£	£
	Grant Debtors			56,384	0
	Other Debtors			37,121	68,635
	Prepayments and accrued income			1,181	0
				94,686	68,635
7.	Creditors: amounts falling due within one		year	2024	2023
				£	£
	Trade creditors			0	0
	Other Creditors			2,100	1,980
	Other taxes and social security costs			6,040	6,226
	Accruals and deferred	income		5,795	5,298
				13,935	13,504

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