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: - 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: 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** - **1.5 Pensions** 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