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2025-03-31-accounts

Company No: NI 062326 Charity No: 103693

Community Sports Network

Financial Statements

For the Year Ended 31/03/25

Page 1

Community Sports Network
Company Information
Chair Margaret Patterson- McMahon
Secretary Emma Sheehy
Treasurer Tom Scott
Directors Trevor Ringland
Grainne O’Malley
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 31/03/25

The Directors present their report and financial statements for the period en 31/03/25

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:

Margaret Patterson-McMahon Tom Scott Trevor Ringland Grainne O’Malley 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 signed on

Signature

Name Margaret Patterson-McMahon

Page 4

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

I report on the accounts of the charity for the year 31/03/25 , 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:

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:

  1. That accounting 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 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.

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
31/03/25
2025
Restricted
Unrestricted
Total
Funds
Funds
£
£
£
Incoming Resources

Grant
418,575.52
0.00
418,575.52
Generated Income 0.00
81,240.36
81,240.36
Other Income 0.00 0.00
0.00
Total Income
418,575.52
81,240.36 499,815.88
Expenditure
Charitable Activities
418,575.52
74,172.65
492,748.17
Administrative Expenses 0.00 6,404.00 6,404.00
Total Expenditure
418,575.52
80,576.65 499,152.17
Net Incoming/Outgoing Resources
0.00
663.71
663.71
Net Movement of Funds
0
664
664

There are no recognised gains or losses other than the profit or loss for the above financial year. All activities relate to continuing operations

1.4

Page 6

Community Sports Network Community Sports Network Community Sports Network
Balance Sheet
As at 31/03/25
2025 2024
Notes
£		 £
Fixed Assets
Tangible Assets 15,309.00 20,814
Current Assets
Debtors 65,327.37 93,505
Cash at bank and in hand 102,658.95 74,101
167,986.32 167,606
Creditors: amounts falling due

within one year		 9,676.52 12,755
Net Current Assets 158,309.80 154,851
Total Assets less current liabilities 173,618.80 175,665
Creditors: amounts falling due
after more than one year
Deferred grant income 0.00 0
Net Assets 173,618.80 175,665
Restricted Reserves 65,000.00 65,000
Unrestricted Reserves 107,955.09 126,671
Movement of Funds 663.71 -16,006
Total Funds 173,618.80 175,665

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 31/03/25

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

For the year ending 31/03/25 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 31/03/25

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

Signature

Name Margaret Patterson-McMahon

Page 8

Community Sports Network

Notes to the financial statements For the year ended 31/03/25

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 20% straight line Fixtures, fittings and equipment 20% straight line Motor vehicles 20% straight line

Page 9

Community Sports Network

Notes to the financial statements For the year ended 31/03/25

CSN offers staff a pension scheme through NEST pensions and is registered with the Pension Regulator. During the year, payments totalling £23,148 were made to the pension scheme in full accordance with the required contribution.

1.5 Pensions
CSN ofers staf a pension scheme through NEST pensions and is registered
with the Pension Regulator. During the year, payments totalling £23,148 were
made to the pension scheme in full accordance with the required contribution.		 1.5 Pensions
CSN ofers staf a pension scheme through NEST pensions and is registered
with the Pension Regulator. During the year, payments totalling £23,148 were
made to the pension scheme in full accordance with the required contribution.		 1.5 Pensions
CSN ofers staf a pension scheme through NEST pensions and is registered
with the Pension Regulator. During the year, payments totalling £23,148 were
made to the pension scheme in full accordance with the required contribution.
2.
Grant Income
2025
2024
£
£
Government and other Grants
375,015
265,613
3.
Operating gain/(defcit)

2025
2024
Operating gain is stated after charging:
£
£
Depreciation and other amounts written of
0
0

Accountant's remuneration
2,100
2,100
4.
Employees
2025
2024
Number of employees
The average monthly number of employees
(excluding Directors) during the year were:
15
15
Employment costs
2025
2024
£
£
Wages and salaries
273,789
248,372
Social security costs 63,647 68,401
Other pension costs 23,148 21,787



360,584
338,560

Page 10

Community Sports Network

Notes to the financial statements For the year ended 31/03/25

Notes to the fnancial statements
For the year ended
31/03/25		 Notes to the fnancial statements
For the year ended
31/03/25
5. Tangible Fixed Assets
Fixtures,
IT & Ofce
fttings and
Motor


Equipment
equipment
vehicles
Total
£
£
£
£
Cost
At 1 April 2024
11,461
0
10,560
0
Additions
0
-
0
-
At 31 March 2025
11,461
0
10,560
0
Depreciation
At 1 April 2024
1,207
0
0
1,207
Charge for the year
2,292
0
2,112
4,404
At 31 March 2025
3,499
0
2,112
5,611
Net book values
At 31 March 2025
7,962
0
8,448
16,410
At 31 March 2024
10,254
0
10,560
20,814
6. Debtors 2025
2024
£
£
Grant Debtors 42,218
56,384
Other Debtors 23,109
37,121
Prepayments and accrued income 0
1,181
65,327
94,686
7. Creditors: amounts falling due within one year 2025
2024
£
£
Trade creditors 0
0
Other Creditors 2,100
2,100
Other taxes and social security costs 0
6,040
Accruals and deferred income 7,577
5,795
9,677
13,935

Page 11

Community Sports Network

The following does not form part of the statutory accounts. Detailed Statement of Financial Activities

The following does not form part of the statutory accounts.
Detailed Statement of Financial Activities		 The following does not form part of the statutory accounts.
Detailed Statement of Financial Activities		 The following does not form part of the statutory accounts.
Detailed Statement of Financial Activities
For the year ended 31/03/25
2025 2024
£ £ £
Income
DfC 42,732 67,791
Belfast City Council 2,630 11,685
Education Authority 0 15,555
BHSCT 15,766 47,830
NHSCT 5,350 0
Rank Foundation 28,000 29,615
ARCS 0 12,000
Union Jax 14,430 0
Sales 80,470 65,286
Ireland Funds 4,000 0
Councils 40,000 0
Youth Action 97,942 0
National Lottery Community Fund 35,610 34,600
Antrim & Newtownabbey Council 0 11,160
DoJ 67,086 60,013
Prison Arts Foundation 41,439 34,913
Halifax 4,360 0
Clanmill 20,000 26,960
Other Grants 0 23,600
Total Income 499,815 441,008
Expenditure
Wages & Salaries 337,436
23,148
19,209
13,875
61,019
6,380
1,561
81
18,171
1,160
4,608
2,200
0
4,304
0
5,797
202		 316,607
21,787
17,987
14,235
58,709
2,417
10,480
0
0
1,090
4,094
2,220
910
0
220
6,059
197
Pension
Travel & Expenses
Rent
Programmes
Admin
Equipment & Hire
Printing & Stationery
Ofce costs

Telephone
Insurance
Accountancy & Consultancy
Marketing
Depreciation
Sundry Expenses
Heat & Light
Bank fees & charges
Total Expenditure 499,151 457,012
Surplus/Defcit 664 -16,004

Page 12