Chatil No: 105167 St Patrick's Youth Club Donaghmore Annual Accounts FOR YL4 AR ENDLD 31 MARCII 2024 BR.IANROBINSONACCOUNTANCYL TD CH4RfF.RFD ACCOUNTANT 30 MAINSTRE4ET CA.STLECA ULFIELD DUNGANNON CO TFRO]VE B T70 3]VP 87767661
St Patrick's Youth Club, Donaghmore Accounts for the year ended 31 March 2024 Client's certificate We approve the annual accounts set out on pages 2 to 5 for the year ended 3 I March 2024. We confirni that we have made available all relevant records and information for their preparatioii. Malachy Mccullagh Chairperson 03-12-2024 Accountant's Re ort As described above, you have approved the accounts for the year ended 31 March 2024 set out on pages 2 to 5, In accordance with your instructions, we have compiled these unaudited accounts from the accounting records, inforination and explanations supplied to us, ian Robinson Accountancy Ltd Chartered Accountant 03-12-2024
St Patrlck's Youth Club Doiiaghmore Income and Li xpeiidltiii"e Accoiint for tlie yellr ended 31 Mvdrch 2024 2024 2023 Income Education Autliority Grants Sundry income Bank interest received 26,726 440 27,166 I xpenditure Wages InSurl¢e Liglit and heat Repairs aiid consuinables CoLnputer costs Events and outin&ys Accowitancy Bank charges Sundry expenses Depreciation on buildings Depreciation on Equipinent Capital grant amortisation 11,568 658 4,400 525 575 7,955 545 92 3,249 10,258 776 (11,022) 780 500 150 600 480 86 20 10,258 914 (11,153) (29,579) (2,635) 1¥4et Surplus l (Deficit) (2,413) (2,634) Page 2
St PRtricli's Yoiitli Clul) Donaghnioi'e Balance sheet as at 31 M&rch 2024 2024 2023 Notes xed assets Taiigible asscts 789,431 800,465 Current assets Casli at bank and in liand 406 537 Current Illlbllitles (note 3) Othei. creditors Accruals 43,958 40,708 980 43,958 41,688 Net eurrent IlabiEltie8 (43,552) (41,151) Total llssets le58 ciirrellt liabllities 745,879 759,314 tng-terM liabilities (289,739) {300,761) Net A8set8 456,140 458,553 Capltal Account Openllig reserves Surplus/(Deficit) for Llie year 458,553 (2,413) 461,187 (2,634) Closing reseives 456,140 458,553 Page 3
St Patricli's Yoiith Club Donaghmoi'e Notes to tlie aeeounts foi. the ye&r ellded 31 Maiih 2024 Accounting policles Accounting convelltlon Tlie accounts are prepared uiider tlie histoi'ical cost conventioii Inodifi wlien nccessary to include the revaluation ol. ccrtain tixed assels. Ineome InLuinc reprcsents revenue grants and donations received. T&Riglble fixed asset8 and deprecilltion Dcprcciation is provided at rates calculated ¢0 writc off the cost or valuation less residual value of each asset over its expected u8¢ful life, as follows,, Freehold Biiildings Fixtures, fittiiig8 Artd equLpmellt Straight Line over foity years 15 % Reducing Balance 1.4. Grant8 Grants are credited to deferr revenue. Grants towards capital expenditurc are released to die profit and loss account over the expected useful life of the assets, Grants towards revenue expenditure are released Lo tlie pi'ofit and loss accouiil as tlie related expenditure is incurred. Tanglble osset8 L4nd freeliold Buildings freeliold Equipment Total Cost At l April 2023 ** 500,000 410,317 40,700 951,017 At 31 Marcli 2024 500,000 410,317 40,700 951,017 Depreclatlon At l April 2023 Charge for the year At 31 Marcli 2024 115,028 10,258 35,524 776 150,552 11,034 125,286 36,300 161,586 Net booli vAlues At 31 March 2024 500,000 285,031 4,400 789,431 At 31 March 2023 500,000 295,289 5,176 800,465 ** NB . Land is included at valuation as per Youth Club Trustees Page 4
St Patricli's Yoiitli Club Donagliinore Notes to tIAe accounts for thc year elided 31 M&rch 2024 Ciirrent Ilablllties 2024 2023 Otliei. creditors Accruals and deferred income 43,958 40,708 980 43,958 41,688 Long-term Il&bllltles 2024 2023 Capital Grant 289,739 300,761 Page 5