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||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|





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|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|





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|<br>for the financial year ended 3|<br>1 December 2024|<br>1 December 2024||||||
|---|---|---|---|---|---|---|---|
||Unrestricted<br>Funds<br>2024<br>Notes<br>€||Restricted<br>Funds<br>2024<br>¿|TotalUnrestricted<br>Funds<br>Funds<br>2024<br>2023<br>ÊÊ,||Restricted<br>Funds<br>2023<br>€|ïotal<br>Funds<br>2023t|
|lncome||||||||
|Donations and legacies|4.1|25,953|1,27A|<br>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<br>Net gains/(losses)on|||||192,833||'192,833|
|investments||||||||
|Net movementinfunds for<br>thefinancialyear||(20,327)||120,327)|223,212||223.212|
|Reconciliationof funds:<br>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||||||||





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|||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|





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|Land and buildings freehold|2% reducing balance|
|---|---|
|Long leasehold property||
|Plant and machinery|20% reducing balance|
|Fixtures, fittings and equipment|10% reducingba¡ance|



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||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|<br>I,270|27,223|36,836|
|4.2|CHARITABLEACTIVITIES|Unrestricted|Restricted|2024|2023|
|||Funds<br>€|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|





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|4.4|<br>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<br>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|<br>55,369|70,397|126,428|59,'150|
|5.3|OTHER TRADINGA.CTIVITIES|Direct|Other|Support|2024|2n)2.|
|||Costs<br>Ê|Costs<br>c|Costs<br>€||t|
||Bar expenses|32,584|||32,584|19,472|
|6.|ANALYSISOF SUPPORT COSTS||||||
||||||2024|2023|
||||||€|E|
||Depreciation||||29,241|15,696|
||Fundraising costs<br>Accountancy||||1,280<br>1,626|1.674<br>ÕoÃ|
||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<br>I|2023t|
||Bank interesi||||32|50|





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|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<br>f|property<br>L|â|equipment<br>Ê||Ê|
||Cost<br>At1January 2024|705.845|134,309 109,824|||<br>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<br>At1January 2024<br>Charge for the financíal year|65,154<br>12,885||JO,tt3<br>14.016||'13,592<br>2.340|115,525<br>,o)^1|
||At31December2024|78,039||50,795||15,932|144,766|
||Netbook value<br>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||





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|for the<br>15.|financial year ended 31 December20<br>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<br>2024||||between31 December<br>funds<br>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|



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