Charlty Numbar.. NIC10463B Rathfrlland Football Club Annual Report and Unaudited Flnanclal Statement5 for the financial year ended 6 June 2023 Daty Park & Company Ltd Chart¢red Accountants 4 Carnegle Strqet LurgHn Co. Armagh BT66 6AS NortheTn Ireland
Rathfrlland Football Club CONTENTS Paga Tru3le8s' and Other Information Trustees, Report Statement of Trustees, Responsibilltie8 Independent Examinerfs Report statement of Financial Acllvities Balance Sh8et 10 Notes lo the Flnanclal Statsments
Rathfriland Football Club TRUSTEES. AND OTHER INFORMATION Trustees Howard Newman Murray Llndsay Bronte Desrnond Davonport Mark Ingram Davld Gllmore Glen Bell Chalrp•r¥on Adrian M•gaw Charlty Numbar In Northern Ir•land NIC104638 Prlnclpal Addrnss Rathfrllond Football Club Iveagh Park Rathfrlland Co. Down BT34 5NQ Northem lffjland Ind8pgnd•nt Examlner Da Park & Company Ltd Charterod Accountants 4 Camegle Street Lurgan Co. Arrnagh Bf66 8AS Norlhern Ireland Princlpal Bank•r$ U151er Bank 22 Brrdge Street 8anbridge Co. Down BT32 3JT Northern Ireland Sollci¢ors Gordon Bell & Son 9-11 Newry SlreBI R8lhfrlland Co. Down BT34 SPY Nothern Ireland
Rathfriland Football Club TRUSTEES. REPORT for Ihe financial year ènded 6 June 2023 The trustees present Ihelr Trusleel Rgport and Ihe unaudited financlal statamgnis for Ihe financlal year 8ndgd 6 June 2023. The flnancial slalements are prepared In accordance wllh the Charitie5 Acl {Northern Ireland) 2008, FRS 102 'The FinancSal Rèporting Standard applicablg in Ihe UK and Republic of Ireland. and Ac¢ounliro and Reporting by Charftles.. Stalpmenl of Recomm6nded Pr8cUce applicable to chari118s pr8paring their financial statements In accordance with the Financial Reporting Standard applicable in Ihe UK and Republic of Ireland IFRS 1021. The Trustee$. Report contains the infomallon required to be provlded In the Trustees, Annual Report undèr the Statement of Recomrnended Practice ISORP) guidelines. The trustees of thè ¢ompany are also charily Iruglees for the purpo$o ¢f charity law and undor Ihg tijmpanls con5titutlon are known as mÉmber5 of the board of trustegs. In this report the trustees of Rafhfriland Football Club prasanl a surnmary of purpose, governanc8, activities, achi9Vgments and finances for thè financi81 financial year 8 Jun8 2023. Thè ¢h8rlty Is a registered charity and hence the report and results are pre¥?nted in a form whlch complies with the requirements of the Charities A¢1 (Northern Ireland) 2008 and, although not obliged to comply wilh the Slalernenl of Re¢ommended Practice applicable in the UK and Republic of Irèland FRS 102, lh8 organlsallon has ImpIemenled IIB reGommend¥lions where relevant ift thase financial staternenls. Mlsjlon, Obloctlv05 and SArat•gy Mls$lon Statamont The Chariiy has given careful consldaration lo Ihe Nl Charity Commisslon guidance on publi¢ bpnefil lo ensura Ihal the a¢livill?s entered in during the year have h?Iped to achiove the ¢harity's alm and objectives as well as providing a public benefit. Obloctlvos The Club has bean established to promote filnes5. advance education and facilliale SOGial development from tha age of 6 through healthy parUcip81ion in sports and Associ3tiun Football. To provide a cros$ ¢omrnunity social recreational facility with an emphasis on sporting and recreallonal activilles within A8C Coun¢ll Borough wthout disllnctlon of age. sex, race. pullllcal. rÈllglou5 or olher public opinlon. To work wllh local statutory agencies Provlde a rnodern. fit for purp058 &hargd fa¢illty wllh thg objective ol improving the condltions for lh8 sald Inh8bitsnts. Structur•. Gov•rnane• and Managtrnenl structure Ralhfriland Football Club is governed by a Conslilulion and a management committeè that Is elected from the body of the floor at the AGM. The Commlttee wlll ensure Ihat the club rnembers and volunteèrs adhere lo th8 alm5 and rule5 deSCITbed in the constitutlon. They are also re5ponslble for the day to day management ol Ihe club and facililrg5. on5uring lully cornplianl th all InsurancelL8c81FirelHea1Ih & Safety and Child Protection guidelines. The Comrnittee are responsibl8 for the appolntment of 7 Trustees. These indivlduols VAII only be appointed when the ccmmittee is clear that they fulfil the crileria of Ihe Nl Charity Comml$sion-. That they are ellgible by'.- havin9 no unspent convi¢lions promoling Ihe ethos of the Club and lo be fully knowledgeabl8 of the Const(lubon taktr dp¢i5ions made free frorn prejudice and in IhB Charity's best interest8 make sure the Club 55 5uslainabl8 and resour¢g$ are managed responslbty - bo aGcountsble lo the members adhere lo Nl Charity Commission guidancp and reporting requirements Brian Todd IPresldentl Adrian Megaw Ichalrpersonl & Bobby McDowell Ivlce Chairperson) Lindsay Bront8 ISe¢retaryl & Kathy Thornp50n {Assl Secr81aryl Paul Gibbon5 ITrea8ur8rl & Howard Murray (AsstTr8asur8rl Erfc Annett IPROI Gordon Wi150n (Facillties Manager) Alan Shaw IComrn8rclal Manager) & Mervyn GrDves (Asst Comrngral ManxgBrl David Gilmore (Youth Development Manager)
Rathfriland Football Club TRUSTEES, REPORT for the financial yearended 6 June 2023 Publie Bon?fit statement The Charity has given careful consideration lo tho Nl Charity Comrnis5iDn guidance on public ben8fl11o ensure that the adivllle5 entered In durlng the y8ar have helped ia 8chigve the charity's aim and obleefjves as well as providSng a public benefit. Revlew of Actlvltles, Aehlèvèmont$ and Perlormaneo Airn5 con Inues encourage an Pfomo nes5 ac or rom eageo an to devek)pm8nl of assoclation foolb811. 11 is thiough hÉallhy partlclpalion in our sporting a¢lSvldes and tho integral social inclusion programmes that will aid the developtnenl of our members and result in bèttèr Ilfe ndI.0nS and opportunities. The Club5, ethos 15 10 irnprove sportlng and social development of m&mbers of the rornmunity and lo foster good cmss comrnunity relations in the ABC Council Borough area. A kBy prlority Is lo see the 5ucce55ful development of youth football and unconditionally supporting other cornmunity and voluntary organi5alions and activities. The Club currently have 3 Senior learns. 210 junior rnembers and 40 waches. 'Tha elub i¥ established lo promote heJlh, fitness. advance education and facllltate social developrnenl. Ihrough participation in 5POrts and Assoclalion Foolball. who Teside In Ralhfriland and It's environs of ABC Councll without the dist1cli0n ol age, gender. disabllity. sexual orientation, nationallty. 8thnlc 5denlity, polillcal or religious oplnion. in a cornrnon effort lo advance educatian. and lo provide facilities In lh¢ Interests ol social welfare for recreation and or other leisure-lime occupation. wtlh thè objecllves of impmving health and well-being ol said people.. AchIemelliS The comrnirtee once agaln must be commended for thelr own parsonal don81ions, and efforts In securing sponsorship and helplng to organise ovenls and nights to ralse much needed revenue lo meet the costs of managing a successful club. Th8 pitches were again rnaintained at a high level with many games taking plac8 avèn with inclement weather. The club are indebted to GordonlDeslJohn and the chairman for the diligent WO and many hour5 SP¥lIt mainlainlng the plteh and thg facililies. A thanesS job and the club need to recognise the countless hours undertaken sometimes forgotten. htr¢ver the worl¢load takan on negds lo be spread as the club grow¥ the vworkload increases. Following 35 long and successful years in the Nl Arnaleur League. 2023 will be long remembered in the history of Rathfrfland FC and local community for all Ihg right reasons football. After wlnnlng the biggest doubla In the club'5 arnatour leagu8 history, Raihfriland FC &xc8118d again by winning (he Premier League and thèn going on lo beal fvjo bcal Elvals in Prornolion play-off. Th¢ Club, tgarn, supporters. and local community now l¢Jok forward lo the 2023124 5e8son 8nd the new challenges. Thè team 8150 reached Ihe later stages of the Border and Intermedi8te Cups, narr0wly1051ris in quarter finals. As always. Ralhlriland FC are a forward-lhinking club and ¢ontinue lo rnake improvements to their fadlilies. Work completed on the naw car park wlth a néw entrance created and tarmac surface to allow for approximately 60170 rars. Including a di58bilily section. In preparation for prornouon, works took place to ensure existln9 faalitle5 meet new NIFL criteria and the club were appreciated of the volunteer work provlded by Phll.Darby. The club were again aw8rd8d some monies from DCMS lo install some LED floodllyhling, with works now almost complete. Once a9aln, the club would like io thank Adrtan Megaw and David Gilmore for all the work and time Inv8sted in the project. Ralhfriland Football Secured various grants from dirrerent fund6rs. and WB are Ind$bled 10 811 our $pon50rs for their conlinued commitrnent and sUPPOrt. The Club strivo to grow its rn8mb8r5hip and modernise exi51ing facilities. all wlthin a slrlct financial regime, ensuilng we are able lo meBI 811 our flnanLY81 commitments and ensure 51151alnable of the club. The ¢lub ronts'nue lo make Ihelr facililias avallable lo the ¢crnmunity of Ralhfriland, with varlous schools, relwJi¢us organlsallons and communlty a5s0¢1allons uslng the club's faclllues and pltches. 11 is probably worth nrjtlng that 2022123 represented many challenges for th8 dub. particularfy the impact of rising costs and infialion. No businèsses over the last 18 month5 havp been irnmuna to Ihis. Tho Club aro again thankful for the endless number af volunteer hours put into by all cornmittee memb8rs and communily. bul a special thank you must be ¥150 be given to Alison Megaw. J9nnifvr Groves, Flo Shaw, Sh6lia Todd, Kathy and evgnts committee. R•sulls 4nd Divldends At th• ènd of Ihe financial year the charlty has assets of £673,642 {2022 - £642,902> and 118biliUg5 of £84012022 - £7eO). The nel assets ol the charity have incrgas8d by £30.680.
Rathfriland Football Club TRUSTEES, REPORT for th8 flnanci81 year ended 6 June 2023 Plan$ for th? Futurè The Club's main goal is to continue Ihg path followed over the last few yegts. m8int8ining the FDlicy af sound managemgnl, by rnonlloring all aspects of our finance5 and encouraglng communlty support for all aclivilles. Ralhlrfland Foolball Club ha Idenllfled several projects and have gngage in the sem8 of Richard For5yth8 to assist In the ntInUed developments of grounds and facllllies al IVgh Park to makè surè that Ihey remaln up lo dal and fil for 21st century. Wlth a growng youth section and 3 senior teams. il Is always Important to ensuro facllitl88 remain modern and can m8et the demands ofincrea5ing usa. In a¢cordance wih the Constilullon. the Irustse5 retire by rotalSon and. belng allgible. offgr Ihemsolves for trele¢tion. Compllance wlth S•ctor.Wlde Leylslatlon and Standards The charity engages pro-actively wlh legislation, standards and ¢odg$ which are developed for the sector. Rathfriland Football Club subscribès lo and Is compfianl wllh the followlng.. The Charities SORP IFRS 1021 Approved by th• Board of Trustees on 1 March 2024 and signèd on It$ behalf by: Howard Truslee wman Murra Dasrnond Davenport Truste•
Rathfriland Foolball Club STATEMENT OF TRUSTEES. RESPONSIBILITIES tor the finanual year ended 6 June 2023 Th8 trustees are responsiblo for pfBpAtlng the financlal stat$ments in accordance wlih appllcable law and regulatlons. The law applicable to charities in Northern Ireland r8qtslrès the Irugtees lo prepara flnancial ststefflenl$ for each financial year which glve a true and fair view of the assels. liabilities and financlal posbllon of the eharity as al the rinancial year end dale and of the surplus or deficlt of the charity And olherwse comply wilh the Charities AGI (Northern Ireland) 2008. select sultable accountlng policiès and apply them con515tenlly,' observe the melhods and principles in the Charftles SORP make}udgemenls and accounting estimates that ar8 r8asonab18 and prud8nt', stale whether the financial stslemen15 have been prepared in accordanctr wllh applicable acccunling $tsndards. 18nllfy those standards, and note the effect and the reasons lor any material departure from those Standards,. and prepare the financial slalemenls on the golng concern basis unless it Is in8ppropriate ta presume Ihal Ihe charily will wntinue In opèrat40n. The Iru31ees confirm Ihal they have comp118d with the above requiremgDl$ in ptsparing the financial statements, The trustee5 are responsible for keeping adaquate accounting records that are sufficient to show and explaln tha charfly's transactions and disclose Mlh reasonable accuracy at any timÉ the financial position of lh8 charity and enable them to ensuro that the financlal staiemènls comply wilh the Charities Act {Northern Ireland) 2008. They aro also responsiblo for safeguarding the assets of the charity and hence for tBkin9 reasonable steps for the prevgnllon and detection of fraud and olhgr irregularitl05. Approv•d by th8 Board of Trustees on 1 March 2024 and sl9n•d on its behalf by.. Howard.. Truste ewman M Desmond Davenport Trustee
Rathfrlland Football Club INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES OF RATHFRILAND FOOTBALL CLUB Wg have examJn8d th¢ flnancial statements of th8 charlty for the financial year gnded 6 June 2023, whlch compr15e the Sl8tement of Flnandal Acllvili85, the Balan Stteet and the related notes. Thls report ts made solèly to the charlty's mernbers, as a body. In accordance with the Charities Act (Northern Irèlandl 2008. Our work has been undertaken 50 that we rnighl cornpile the financial slaternents that we have been engaged lo compl18. rpport to IhB Baard of Trustees that we havg dona so. and slalp Ihose rnatters that we have agreed to state to them in Ihis rèport and for no other purpose. To Ihe fullosl extent pemiitted by law, we do not aw?pl or 8ssum8 r¢spon$lbility to 8nyone other than the charity and the charity* mernbers, as a body, for our wolK, or fttr th15 report. Respectiv8 rèsponslbllltias of tru$togs and ?xamlrter The tharity's Iruslees are responsible for the preparallon of the ffingnclal statements in accoidance wilh the requirements of the Charftles Act INorihern Ireland) 2008. The charlty's tru51èas consider that an audlt is not required for this llnancial year under the Charities Acl (Northem Ireland) 2008 and that an independent examination is requlred. 11 13 our responsibility lo- exBmin8 Ihg financial statements under sectlon 65 of the Charfllgs Acl-. ft>llow the procedures laid down by the general Directions given by Ihe Charlty Cornmisslon for Northern Iroland under 5e¢iion 65{9llbl of the Charities Actr, and statg whether particular matters have come to our attenuon. Basls of Indep•ndent exarnlner's report We have 8xarnin8d your charity financial statements as required under section 65 of the Charli ies Act and OUT 8xarnination w85 carried out In accordance with the general Directions given by rhe Charity Comm15siDn for North¢rn Irgland under Section 6519)Ibl of the Charitses Act. An examinalion includes a review of the acrounting records kept by the charily and o comparison of the financial slalements presented with those racords. It also includas conslderauon of any unusual Items OF d15closures In the financlal ststements and soeking explanatlons from the trustees concerning any SLtch matters. Th& procedures undèrtaken do not provld& all the evidence Ihal w%Jvld be required In an audlt and consequontly no opinion 5s glvgn as to whether lh¢ accounts present a 'lrug and lalrf view and the report is Ilmited lo those rnatters sel oul in the slal8ment below. In connection wilh our examlnation, no matter has come lo our attentlon which glves vs cause to bell¢ve Ihal In, any rnalerial rospecl.. accounting rBcDrds were not kept in accordance wllh seellon 83 of the Charille5 Act the financial stslemenls do riot accord with those accounting records the financial slalements have not been prepared In accordance w>th Ihe Stalemgnl ol R8¢0mm£nded Practlco applicab18 to charities preparing their accounts in attordancp with the Financial Reporbng Standard appYl¢8ble in the UK and Republic of Ireland IFRS1021 ther8 is furlher inforrnauon needed for a Proper understanding of the 8¢counts to be reaehed. Independent examlner's 5tatsment Weh enDcon and have ¢orne aemss no other matter5 In connection wlth the exarninalion to which attention uld 8dra tsrt In order lo enable a propér undètslanding of the finanrl81 statamants to be roachpd. Y PARK & COMPANY LTD rtered Accountants 4 Carnegle Street Lurgan Co. Armagh 8T66 6AS Northem Iwland Date: l March 2024
Rathfriland Football Club STATEMENT OF FINANCIAL ACTIVITIES for the flnanclal year ended 6 June 2023 Unre$lrlcted Restri¢led Fund5 Funds 2023 2023 Total UnSIr1Cted Reslrlded Funds Fund5 Funds 2023 2022 2022 Total Fund$ 2022 Notes Income Donallons and leg8cies Charilabl8 activities ees and spongors Other trading a¢lltIeS Investments 35,948 27.897 63,845 24,348 21,486 45,834 37,203 66.327 69 37,203 66,327 69 40,000 40,591 0.000 40.591 To141 income 139.547 27,897 167,444 104,942 21,486 126,428 Expendlbjre Raising funds Charitable aclivllies other Irading actSvilies 1,400 60.410 27.057 1.400 108,307 27.057 4,768 86,697 16.812 4.768 88,183 16,812 47,897 1,4B6 4.3 Total Expenditure 88.867 47,897 136.764 108,277 1,486 109.763 Net Incomelloxp•ndltur•) 50,680 {20.000) 30,680 13,3351 20,000 16.685 Transf8rs ba9&n funds 12.734 112.7341 Nel mov•mant In lund¥ for the flnanclal year 50,680 (20,000) 30,680 9,399 7.266 18.685 Rèeonclllatlon of funds: Total funds beginning of the year 13 622.122 20,000 642,122 612.723 12,734 625,457 Total funds al the end of tha yèar 672.802 672.802 622.122 20.000 642,122 The Stslemenl of Flnanaal Activltles Includès all gains and10sses recognised in the flnanclel year. All In¢ome and 8xpendltuie relata to conunuing aclivllies. The notes on pages 11 to 15 Icqm part ef Ihe financlal stat¢rnenl$
Rathfriland Football Club BALANCE SHEET as al 6 JLrne 2023 Z023 2022 Notes Fixed Assets Tanglble a58et5 659,734 585,937 Curr•nt Assets Stocks Debtors Cash al bank and In hand 689 2.23Q 10,989 633 10 56,332 13,908 56,965 Creditors: Amounts falling due within on• y•ar 11 18401 17801 Net Current Ass•t¥ 13.068 58,185 Total Assets lass Curr?nt Llabllltles 672,802 642,122 Funds R8slrkt8d funds General fund luniestrlctedl 20,000 622,122 672.802 Total funds 13 672.802 642,122 The finandal statamènts have been prepared In aceordance th the provlslons Applleabl• to ¢omp?nles sublecl lo Ihe small companies. regim8 and in aecordance with FRS 102'Thg Financial Reporting Standard applicablE in the UK and Republic of Ireland" applying Section 1A of that Staadard. Approved by the Board of Trust¢OS 4nd authorlsed for Issue on 1 March 2024 and signed on Its behall by Howaid Trustoo wman Murra Dèsmond Dav2nport Trust09 Tha notes on pg988 11 to 15 f¢mi partof thè ItnBncial stat8menls 10
Rathfriland Football Club NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 6 June 2023 GENEIi4L INFORMATION Rathfn'land Football Club 15 8 charity incorporaled in Northern Ireland. The registered orrice ofthe company 1$ Ralhfriland Football Club. Ivaagh Park, Ralhfrlland. Co. Down. BT34 5NQ, Northern Ireland which is also th8 principal place of business of th8 cornp8ny The Inancial statements have been PTe8ènled in Pound 1£) which 15 a150 the funclional curren¢y of the company. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following accounting policies have been applied consistently in deallng with items which are considered rnaterial in ielation lo the ¢harity'5 financial stalements. Bas1$ of pr•paratlon Thè finan¢ial 5ts1emenls have been prepared on Ihe guing ¢onrem basis under the historical cost convention. modified to Include certain Ilerns al falr value. The flnanclal statements have been prepared in accordance wllh the sialemenl of Recomrnended Pracllce {SoRPI.A9unlIng and Reporting by Charllles preparing their accounts in accordance with the Flnancial Reportlng Standard appIleaa In tho UK and RepublSc ol Ireland FRS 102" applying Sedion 1A of that Stsndard. As ppllnitted by the Companies Act 2006. the charlly has varied the standard fomials in that act for the Slaternenl of Financi81 Activities and the Balance Shegt. Dgparture5 from the stsndard foimats ao to comply wilh the requiiemenls of the Charilies SORP and ara In compllan¢è with section 4.7, 10.6 alld 152 of that SORP. Statement of compllanc• The financlal slalemènts of tha charity for tha financial year ended 31 0Écemb8r 2017 hav8 be8n pr8pared on the golng concern basls and In accordance wlltt Ihg Statement ul Recomrnendod Prnctice ISORPI 'Accounting and Reportlng by Charities pi8P8ring their accounts in accordance with Ihe Finandal Reportlng Standard applicable in the UK and Rapubllc of Ir8land FRS 102. applying Sèction 1A of that Standard. Fund accountlng The following are the catsgorfses of funds malnlalned.. Ro$trl¢tod funds R89trictad funds repr8sent incorng received whith can only be used for particular purposes. as 5peufied by the donor5. Such purposes are wllhin the overall objective5 of the charity. Unreglrlcted funds Unre51dcted fvnd5 consist of General and Designated funds. General fun(fs iepresent amounts whlch are expendable at Ihe dlscrelion of the board, In lurtheranre of the objectives of the charily. Designated fund5 ¢ornpri8e unre81ricled fund5 that the board has, al ils d15crelion, Set aside fcr particular PUiP05e5. These deslgnatlons have an admlnislralive purpose only. and do not legally re31ri¢t the board'5 di8cretion to apply the fulld. Income Voluntary Sncorne or ¢apS101 Is Included In the Staternenl of Flnanclal Activllles when the charfty L5 legally entitled to it, Its financlal value can be quanllfied with reasonable certalnty and there Is reasonable certalnty of 115 ultlmal8 recalpt. EnlitJ8ment lo lagaeles Is conslder8d 95tablish8d whtrn th8 charliy has be8n notlff8d ot a dlstribution ¢0 bg made by the exe¢ulors. Income r8celv8d In advancè Of due p#rformance under a contract Is ac¢ount8d for as deferrad income until eamBd. GTants lor aclivilies are r¥co9nised as Incom• when th& r8lal¢d condllions for legal enlillèmént have bÉ8n mel. All E)Iher inmme 18 accountsd for an accruaL4 b8sls. Expenditure All resouices expended are accounted for on an accruals basis. Charitable acliwlies include rosls of services and grants, support costs and depreciatton on related asset5. Costs of generafjng funds similarly include fundralsing acllvilies. Non-slafi c0515 not attributed to one category ol activity are allocated or apportioned Pfo-rala to th¢ stafflng of the rglevant service. Finance, HR, IT and adminlslralive staff costs are directly attrlbutable to Indlvldual actlvStiÈs by oblactive. Govgrnance costs are those associated with con51ilulional and 8t8lulory requlromonl5. 11
Rathfriland Football Club NOTES TO THE FINANCIAL STATEMENTS Contin8 for the financial yaar ended 6 June 2023 Tanglble flxed assets and depreclation Tangible fixed assets are stsled at cost or al valuatSon, le53 accumulated depredatlon. The ¢harge to depreciatn is calculated lo wrlle off the origlnal cost or valuallon of tangible fixed asse(s. less Ihdr e9timaled residual value, over their expaetad u¥8ful Ilves as follows.. Land ond buildings freehold Long leasehold property Plant and machinery Flxturas. fittings and oqulpmenl 2% reducing balance 20% reducing balance 10% reducing balance OuAng th15 finandal year th8 comm1tt8e made the decision to change Ihe depreciation on Ihe bulldings & stsnds to 2% reduclng balan¢0 rather than the prevlous 10Yo rate. They feol this chang8 In accounting policy Is rnore reifectivg of the 88sels useful life. The land owned by the ¢h8rity is not depreciated as it 1$ not expected to decrease in value. stock Stocks are staled al Ihe lower tsf cost and nel realisable value, after rnaklng dug allowance for obsolBte and $low moving items. C05t includ85 all CD8ts incurred in th8 norrnal course of business in bringing them lo (heir present localKJn and conrlilion. Stock8 comprfse fundraising materials. 11 is nol considered praclicable lo value Stork of unsold donaled good$ at the year end. Dobtors Debtors are recognlsed at thè settlémènt amount due aft6r any dlscounl offered. Prepayments are valuÉd al the amounl pr8paid net ol any tradè dlscounts du8. Income recognlsed by th8 charlty trom govemrnent agencies and oth¥r co-funder5. bul not yel received at year 8nd. is induded in debtors. Cash at bank and in hand Cash al bank and In hand eompri56s L¥sh on deposit al banks r¢quiring le55 than thre8 months notSce uf wjthdrawal. Taxatlon No current or d8f8rred ta¥alion arises as the charfty has been granted charitable exernpyon. Irrecoverable valued added tax Is oxpen5ed as incurred. INCOME DONATIONS AND LEGACIES Unréstrieted Restrlcted Funds Funds 2023 2022 Donations and legoclg$ Grant Income 30.651 5.297 30.8s1 33,194 17,143 28.691 27,897 35,948 27,897 63.84$ 45.834 CHARITABLE ACTIVITIES Unreslilctod Rastrlctèd Fund8 Fund$ 2023 2022 Grnnts from governments and other cfnd•r$.. Income from charilable aclivlties Football Income 35,278 1.925 35.278 1.925 34,623 5,377 37,203 37,203 40.000 OTHER TRADING ACTIVITIES Unrestrlded Restrlcted Fund• Funds 2023 2022 Bar Income 66,327 66.327 40,591 12
Rathfriland Football Club NOTES TO THE FINANCIAL STATEMENTS eontinued for the financial year ended 6 June 2023 INVESTMENTS Unrestrlctod Rostrlctsd Fund5 Funds 2023 2022 Investments 69 69 EXPENDITURE r¢c Costs er Costs upport Costs Ralsing funds 1,400 1,400 4,768 GHARITABLE ACTIVITIES Direct Costs Olh•r Co$1$ Support Co$ts 2023 2022 Football expenditure Expenditure on charitabl8 actSvitas 37.313 4,930 19,742 45,6e9 S7,055 51,252 47.044 41,139 633 65.431 10B.307 88.183 OTHER TRADlhlG ACTfviTIES Dir•Gt Costs Othèr Costs Support Costs 2023 2022 Sar expense5 27,057 27.057 16.812 SUPPORT COSTS Cost ot Charitablg Raising A¢liviti8s Funds 2023 2022 Oeprecialion Fundrai51ng costs Accountancy Subscrlplions Coaches & relerees Gear & gym expanses Prize5 Premises Costs 23.842 23,842 400 3,100 3.596 4.028 11,503 1.000 19,362 14,660 2,398 871 933 3,086 13.049 2,370 14,468 400 3,100 3.596 4.026 11,503 1.000 19.362 1.400 65.431 6fj,831 51.855 ANALYSIS OF SUPPORT COSTS 2023 2022 DepCjaIi0n Fundralsing costs Accountancy Subscripllons CoachBS & referees Gear & gyrn expen8es 23,842 400 3.100 3,596 4.028 11,503 1.000 19.362 14.680 2.398 871 933 3.086 13.049 2.370 14,466 Prem15es cos15 66,831 51,855 13
Rathfriland Football Club NOTES TO THE FINANCIAL STATEMENTS contlnued fur tha fin8ncial year ended 6 June 2023 NET INCOME 2023 2022 Nel Income Is statod aft•r rharglngllcredltlng}: Depreciation of tangible assets Grants re1vable recalved 23,842 14,680 110,iXJOI INVESTMENT AND OTHER INCOME 2023 2022 Revenue grants received Bank interest 10,000 69 69 10,003 TANGIBLE FIXED ASSETS Land and bullding$ frg•hold Long Plant and Fixtures. leasehold machlnery flltlngs and property oqu5pment Total Cost At 7 Jun& 2022 Additions 456.336 51,200 134,309 34,289 46,439 36,990 661.924 97.639 At 6 June 2023 507.536 734,309 80,728 36,990 759,563 Depreclatlon At 7 Jun8 2Q22 Chargè for thè financial yèar 51.478 8,661 15.127 12.420 9.382 2.761 75.987 23.842 At 6 June 2023 60,139 27,547 12.143 99,829 Net book valuo Al 6 June 2023 447,397 134.309 53.181 24847 659.734 At 6 June 2022 404.858 134.309 19.162 27.608 585,937 The trustees are CUTrenlly in the process of rgvalulng the properties held al Iveagh P8rk . R8lhfriland Co. Down. This up to dale valuation will be ineluded In th8 nèxt sét of financial statements. STOCKS 2023 2022 Finlshed goods and goads for rfj¥ale 689 633 10. DEBTORS 2023 2022 Pr8p8yments and a¢crued Incorne 2.230 CREDrroRS Amounts falling due withln one y•ar 2023 3022 Accru81s and deferred Income 780 14
Rathfriland Football Club NOTES TO THE FINANCIAL STATEMENTS Eonlinued for the financlal year ended 6 June 2023 12. RESERVES 2023 2022 At the beginnlng ol the year Surplus for the finsncial year 642.122 30,680 625,457 16.665 ear 13. FUNDS 13.1 RECONCILIATION OF MOVEMENT IN FUNDS Unrestrlct8d Restrlctpd Funds Funds Total Funds Al 7 June 2021 Movement during the 17n4neial year 612.723 9.399 12,734 7.266 625,457 16,665 Al 6 June 2022 Movement during the t7nancial year 622.122 50,680 20,000 120.0001 842,122 30.680 At 6 Junè 2023 672,802 672,802 13.2 ANALY815 OF MOVEMENTS ON FUNDS Balanc 7 June 2022 Income Expendllure Transfers b¢een funds Balanee 6 June 2023 ABC Council TADA Irish FA Barclays 1,700 1.499 24,198 500 1,700 1.499 44.198 500 20.000 20.000 27,897 47.897 Unrestrleted funds General Rasorve Land & 8uildln95 36.187 585.935 139,547 65,025 23,642 197,6391 97,639 13.070 859.732 622.122 139,547 188,8671 672.802 Total fund5 642,122 167.444 136,764 672,802 RELATED PARTY TRANSACTIONS We can conflrm there have b88n no Iransactions Involvlng Iruslees oulsldg thF normal course of bu5ineBS at thè year end 6th June 2023. 15. POST.BALANCE SHEET EVENTS There have been no significant &vants aff8ctlng thè Charfty 51nce the fln8n¢lal year.8nd. 15