| Page | |
|---|---|
| Trustees' and Otherlnformation | aJ |
| Trustees'Report | 4-6 |
| StatementofTrustees'Responsibilities | 7 |
| lndependent Examiner's Report | I |
| Statement of Financial Activities | I |
| BalanceSheet | 10 |
| Notes tothe FinancialStatements | 11-15 |
| Trustees | Howard Newman Murray |
|---|---|
| Trevor Weir | |
| John Annett | |
| LindsayBronte | |
| Desmond Davenport | |
| Mark lngram | |
| David Gilmore | |
| Charity Number in Northern lretand | Ntc104638 |
| Principal Address | Rathfriland Football Club |
| lveaghPark | |
| Rathfriland | |
| Co-Down | |
| BT34 sNQ | |
| Northern lreland | |
| lndependent Examiner | Daly Park & CompanyLtd |
| Chartered Accountants | |
| 4 Carnegie Street | |
| Lurgan | |
| Co. Armagh | |
| 8T66 6A5 | |
| Northern lreland | |
| PrincipalBankers | UlsterBank |
| 22 Bridge Skeet | |
| Banbridge | |
| Co. Down | |
| BT32 3JT | |
| Northern lreland | |
| Solicitors | Gordon Bell&Son |
| 9-11Newry Street | |
| Rathfriland | |
| Co.Down | |
| BT34 5PY | |
| Northern lreland |
for the financial year ended 3 |
1 December 2024 |
1 December 2024 |
|||||
|---|---|---|---|---|---|---|---|
| Unrestricted Funds 2024 Notes € |
Restricted Funds 2024 ¿ |
TotalUnrestricted Funds Funds 2024 2023 ÊÊ, |
Restricted Funds 2023 € |
ïotal Funds 2023t |
|||
| lncome | |||||||
| Donations and legacies | 4.1 | 25,953 | 1,27A | 27,223 |
'12063 | 24,773 | 36.836 |
| Charitable activities | |||||||
| Fees and sponsorship | 4.2 | 50,983 | 50,983 | 34,125 | 34,125 | ||
| Otherkadingactivitìes | 4.3 | 61,727 | 61,727 | 40,164 | 40.164 | ||
| lnvestments | 4.4 | 32 | 32 | 50 | 50 | ||
| Totalincome | 138,695 1,270 | 139,965 | 86,402 | 24,773 | 111,175 | ||
| Expenditure | |||||||
| Raising funds | 5.'1 | 1,280 | 1,280 | 2,174 | 2,174 | ||
| Charitable activities | tt | 125,158 | 1,270 | 126,428 | 34,377 | 24,773 | 59,1 50 |
| Othertrad¡ng activities | 5.3 | 32,584 | 32,584 | 19 472 | 19,472 | ||
| TotalExpenditure | 159,022 1,270 | 160,292 | 56,023 | 24,773 | 80,796 | ||
| Net income/(expenditure) | (2o,327| | \20,327) | 30,379 | 30,379 | |||
| Transfers between funds | |||||||
| Otherrecognisedgains/(losses) | |||||||
| Surplus/(deficit) for lhe | (20,327) | (20,327) | 30,379 | 30,379 | |||
| f¡nanc¡alyear Net gains/(losses)on |
192,833 | '192,833 | |||||
| investments | |||||||
| Net movementinfunds for thefinancialyear |
(20,327) | 120,327) | 223,212 | 223.212 | |||
| Reconciliationof funds: Total funds beginning ofthe |
't6 | 896,014 | 896,014 | 672,802 | 672.802 | ||
| year | |||||||
| Total fundsatthe endof | 875,687 | 875,687 | 896,014 | 896,014 | |||
| the year |
| 2024 | 2023 | ||
|---|---|---|---|
| Notes | f | E | |
| FixedAssets | |||
| Tangible assets | 10 | 868,782 | 871,443 |
| CurrentAssets | |||
| Stocks | 11 | 896 | obz |
| Debtors | 12 | 2,230 | |
| Cashat bank andinhand | 10,906 | 23,359 | |
| 11,802 | 26,251 | ||
| Creditors: Amounts fallingduewithinoneyear | 13 | (4,8e7) | (1,680) |
| NetCurrent Assets | 6,905 | 24,571 | |
| TotalAssets less Current Liabilities | 875,687 | 896,014 | |
| Funds | |||
| Generalfund(unrestricted) | 875,687 | 836.014 | |
| Totalfunds | 16 | 875,687 | 896,014 |
| Land and buildings freehold | 2% reducing balance |
|---|---|
| Long leasehold property | |
| Plant and machinery | 20% reducing balance |
| Fixtures, fittings and equipment | 10% reducingba¡ance |
| The comparative figures relate to the7rno | nth period ended31'tDece | mber 2023 | |||
|---|---|---|---|---|---|
| 4. | INCOME | ||||
| 4.1 | DONATIONS AND LEGACIES | Unrestricted | Restricted | 2024 | 2023 |
| Funds | Funds | ||||
| € | ¿ | f. | f | ||
| Donations and legacies | 24,855 | 24,8s5 | 12,063 | ||
| Grant lncome | 1,098 | 1,270 | 2,368 | 24773 | |
| 2s,953 | I,270 |
27,223 | 36,836 | ||
| 4.2 | CHARITABLEACTIVITIES | Unrestricted | Restricted | 2024 | 2023 |
| Funds € |
Fundsf | ç | Ê | ||
| lncome from charitable activities | 45,747 | 45,747 | 32,815 | ||
| Football lncome | 5,236 | 5,236 | 1,310 | ||
| 50,983 | 50,983 | 34,125 | |||
| 4.3 | OTHER TRADING ACTIVITIES | Unrestricted | Restricted | 2024 | 2023 |
| Funds | Funds | ||||
| â | € | Ê | t | ||
| Bar lncome | 61,727 | 61,727 | 40,164 |
| 4.4 | INVESTMENTS |
Unrestricted | Restricted | 2024 | 2023 | |
|---|---|---|---|---|---|---|
| Funds | Funds | |||||
| f | L | L | Ê | |||
| lnvestments | 32 | 32 | 50 | |||
| 5. | EXPENDITURE | |||||
| 5.1 | RAISING FUNDS | Direct | Other | Support | 2024 | 2023 |
| Costs¡ | Costsf | Costs E |
€ | |||
| Raising funds | 1,280 | 1,280 | 2.174 | |||
| 5.2 | CHARITABLEACTIVITIES | Direct | Other | Support | 2024 | 2023 |
| Costs | Costs | Costs | ||||
| c | t | E | t | €. | ||
| Expenditure on charitableactivrtes | þbz | 6,341 | 40,240 | 47,243 | 26,813 | |
| Football expendiiure | 49,028 | 30,157 | 79,185 | 32,337 | ||
| 662 | 55,369 |
70,397 | 126,428 | 59,'150 | ||
| 5.3 | OTHER TRADINGA.CTIVITIES | Direct | Other | Support | 2024 | 2n)2. |
| Costs Ê |
Costs c |
Costs € |
t | |||
| Bar expenses | 32,584 | 32,584 | 19,472 | |||
| 6. | ANALYSISOF SUPPORT COSTS | |||||
| 2024 | 2023 | |||||
| € | E | |||||
| Depreciation | 29,241 | 15,696 | ||||
| Fundraising costs Accountancy |
1,280 1,626 |
1.674 Õoà |
||||
| Subscriptions | 2,486 | 656 | ||||
| Coaches&referees | 5,948 | 3,353 | ||||
| Gear & gym expenses | 20,65'1 | 2,869 | ||||
| Prizes | 500 | |||||
| Premises costs | 10,445 | 8,704 | ||||
| 71,677 | 34,447 | |||||
| 7. | NET INCOME | 2024 | 2023 | |||
| I | ||||||
| Netlncome is stated after charging/(crediting): | ||||||
| Depreciation of tangíble assels | 29,241 | 15,696 | ||||
| 8. | INVESTMENTANDOTHER INCOME | 2024 I |
2023t | |||
| Bank interesi | 32 | 50 |
| forthe | financial year ended 31 December 2024 | ||||||
|---|---|---|---|---|---|---|---|
| 9, | EMPLOYEESANDREMUNERATION | ||||||
| The staff costs comprise: | 2024 | 2023 | |||||
| ¿ | Ê | ||||||
| Wages and salaries | 4,040 | ||||||
| 10. | TANGIBLE FIXED ASSETS | ||||||
| Landand | Long | Plant and | Fixtures, | Total | |||
| buildings | leasehold | machinery | fitt¡ngsand | ||||
| freehold f |
property L |
â | equipment Ê |
Ê | |||
| Cost At1January 2024 |
705.845 | 134,309 109,824 | 36,990 |
986,968 | |||
| Additions | 26.580 | 26,580 | |||||
| At 31 December 2024 | 732,425 | 134,309 | 109.824 | 36,990 | 1,013,548 | ||
| Depreciation At1January 2024 Charge for the financíal year |
65,154 12,885 |
JO,tt3 14.016 |
'13,592 2.340 |
115,525 ,o)^1 |
|||
| At31December2024 | 78,039 | 50,795 | 15,932 | 144,766 | |||
| Netbook value At 31 December 2024 |
654,386 | 134,309 59,029 | 21,058 | 868,782 | |||
| At 31 Decernber 2023 | 640,691 | 134,309 73,045 | 23,398 | 871,443 | |||
| 11. | STOCKS | 2024 | 2023 | ||||
| E | |||||||
| Finished goods and goods for resale | 896 | 662 | |||||
| 12. | DEBTORS | 2024 | 2023 | ||||
| L | Ê | ||||||
| Prepayments and accrued income | 2.230 | ||||||
| 13 | CREDfTORS | 2024 | 2023 | ||||
| Amountsfallingduewithinoneyear | Ê | Ê | |||||
| Taxat¡onand social security costs(Note14) | 3,389 | ||||||
| Accruals and deferred income | 1,508 | 1,680 | |||||
| 4,897 | 1,680 | ||||||
| 14. | TAXATIONANDSOCIAL SECURITY | 2024 | 2023 | ||||
| € | |||||||
| Creditors: | |||||||
| VAT | 3,389 |
| for the 15. |
financial year ended 31 December20 RESERVES |
24 | |||||
|---|---|---|---|---|---|---|---|
| Revaluation | Funds | Total | |||||
| reserve | |||||||
| I | € | c | |||||
| Atthe beginning of theyear | lotQ?e | 703.181 | 896,014 | ||||
| (Deficit)/Surplus for the financialyear | Q4,327) | (20,327) | |||||
| At the endofthe year | 192,833 682,854 | 875,687 | |||||
| 16. | FUNDS | ||||||
| 16.1 | RECONCILIATION OF MOVEMENT | IN FUNDS | Unrestricted | Total | |||
| Funds | Funds | ||||||
| L | |||||||
| At 6 June 2023 | 672.802 | 672,802 | |||||
| Movement during the financialyear | 223,212 | 223,212 | |||||
| At31 December2023 | 896,014 | 896.014 | |||||
| Movement duringthefinancial year | (20.327) | (20,327) | |||||
| At 31 December2024 | 875,687 | 875,687 | |||||
| 16.2 | AN,ALYSIS OF MOVEMENTS ON FUNDS | ||||||
| Balarrce | lncomeExpenditure | Transfers | Balance | ||||
| 1January 2024 |
between31 December funds 2024 |
||||||
| ç | c | L | € | L | |||
| ABC Council | 1,270 | 1.270 | |||||
| Unrestricted funds | |||||||
| General Reserve | 24,573 | 138,695 | 129,781 | (26,580) | 6,907 | ||
| Land & Buildings | 871 | ,441 | 29,241 | 26.580 | B6B,78O | ||
| 896.014 | 138,695(159.022) | 875,687 | |||||
| Total funds | 896,014 | 139,965160,292 | 875,687 |