Club Down {Cumann an Duin) Annual Report and Unaudited Financial Statements for the financial year ended 31 October 2022 Mccoy Hamill Chartered Accountants Old Gasworks Business Park 1st Floor Unlt 1 Kilmorey Street Newry Co.Down BT34 2DH Northern Ireland Charity Number.. NIC106245
Club Down (Cumann an Duin) CONTENTS Page Reference and Administrative Information Trustees. Report Statement of Trustees, Responsibilities Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to Ihe Financial Statements 9-12 Supplementary Information relaling to the Financial Statements 14-16
Club Down {Cumann an Duin) REFERENCE AND ADMINISTRATIVE INFORMATION Trustees Ciaran Rafferty IResign6d 20 June 20221 Feargal Mccormack (Resigned 20 June 20221 Sean Rooney Anna McDonald (Appointed 19 June 20221 Ross Carr (Appointed 19 June 20221 Lucy Connor {Appointed 19 June 2022) Diarmuid Cahill (Appointed 19 June 20221 Maureen O'Higgins {Appointed 19 June 20221 Bary Armstrong (Appointed 19 Jun8 2022) Brendan Mccoy (Appointed 19 June 20221 Charlty Numbor In Northern Ireland NIC106245 Ind8pènd8nt Examlner Mccoy Hamill Chartered Accountants Old Gasworks Business Park 1 st Floor Unit 1 Kilmorey Street Newry Co.Down BT34 2DH Northern Ir81and Bankers First Trust Bank 4244 Hill Street BT34 1AU Northern Ireland
Club Down (Cumann an Duin) TRUSTEES. REPORT for the financial year ended 31 October 2022 The trustees present their Trustees, Report and the unaudited financial statem6nts for the financial year ended 31 October 2022. The financial statements are prepared in accordanc8 Wlth the Charities Act (Northem Ireland) 2008, FRS 102 "The Financial Reporting Standard applicabl8 in the UK and Republic of Ireland" and Accounting and Reporting by Charities.. Statement of Recommend8d Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021. The Trustees, Report conlains the information requir8d to be provided in the Trustees, Annual Report under the Statement of Recommended Practice ISORP) guidelines. The trustees of the company are also charity trustees for the purpose of charity law and under the company's constitution are known as members of the board of trustees. In this report the trustees of Club Down (Cumann an Duinl present a summary of its PLifpos8, governanc&, activltl8S, achievements and finances for the financial year 31 October 2022. The charity is a registered charity and although not obliged to comply with the Stalement of Recommended Practice applicable in the UK and Rapublic of Iraland FRS 102, the organisation has implemented its recommendations where relevant in these financial slataments. FSnanclal Review The results for the financial year are set out on page and additSonal noles are provided showing income and expanditure in greater detail. Results and Dlvldends At the end of the financial ye8r the charity h8s assets of £32,734 and liabilit18s of £0.00. Th8 nat assets of the charity are £32,734 In accordance with the Conslitulion, the trustees retire by rotation and, being eligible, offer thems8lv8s for r8-818Ctlon. Compllance wlth Sector-Wld8 Legi81atlon and Standards Thè charity engages pro-actively with legislation, standards and codes whlch are developed for the sector. Club Down (Cumann an Duinl subscribes to and is compliant with the following.. The Chartties SORP IFRS 1021 Approved by th Board of Trustees on 14 August 2023 and slgned on It8 behalf by: arry ust trong Anna McDonald Trustee
Club Down (Cumann an Duin) INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES OF CLUB DOWN (CUMANN AN DUIN) We have examined the financial statements of the charity for the financial year ended 31 October 2022, which comprise thè Statemenl of Financial Activities, the Balance Sheet and the related notes. This report is made solely to the Gharity's members, as a body, in accordance with the Charities Act INorthem Ireland) 2008. Our work has been undertaken so that we might compile the financial statements that we have been engaged lo compile, report to the Board of Trustees that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest èxtent pem)itted by law, w8 do not accept or assume responsibility to anyone other than the charity and the chanty's mèmbers, as a body, for our work, or for this report. Rèspective responslbllltles of tru8t8es and examlner The charity's trustees are responsible for the preparation of the financial statements in accordance with the requirements of Ihe Charities Act (Northern Ireland} 2008. The charity's trust8es consider that an audit is not required for this financial year under the Charities Act {Northem Ireland) 2008 and that an independent examination is required. It is our responsibility to.. examine tha financial statements under section 65 of the Charities Act., follow the procedures laid down by the general Directions given by the Charity Commission for Northem Ireland under section 6519llb) of th6 Charities Act., and statè whèthèr particular matters have com8 to our attention. Basls of Independant examln8r's report We have examined your charity financial statements as required under section 65 of the Charities Act and our examination was carried out in accordancè with the general Directions given by the Charity Commission for Northern Ireland under section 6519llb} of th8 Charities Act. An 6xaminalion includes a review of the accounting records kept by the charity and a comparison of the financial ststements presented with those records. It also includes consideration of any unusual itéms or discloslsres in the financial slalemenls and seeking explanations from the trustees concerning any such mattérs. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is givan as to whether the accounts present a 'true and fair, view 8nd the report is limited lo those matters set out in the statèment below. In connection with our examination, no mattar has ¢ome to our att8ntion which gives us cause to believe that in, any material respect.. accounting records were not kept in accordance with section 63 of th6 Charities Act the financial statements do not accord with those accounting records the financial statements have not been prepared in accordance with the Statem8nt of Recommended Practice applicable to charities preparing their accounts in accordan¢e with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS1021 there is further information neèded for a proper understanding of the accounts to bé 8¢hed. Independent 8xamln8r's statement We have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper undèrstanding of the financial ststements lo be reached. MCCO HAMILL Chartered Accountants Old Gasworks Business Park 1 st Floor Unlt 1 Kilmorey Street Newry Co.Down BT34 2DH Northem Ireland Date: 30 June 2023
Club Down {Cumann an Duin) STATEMENT OF TRUSTEES, RESPONSIBILITIES for the financial year ended 31 October 2022 The trustees are responsible for preparing the financial stataments in accordanc6 with applicabl6 law and regulations. The law applicable to charities in Northern Ireland requires the trustees to prepare financial statements for each financial year which give a true and fair view of the assets, liabilities and financial posilion of the charity as at the financial year end date and of the surplus or deficit of the charity and otherwise comply with the Charities Act (Northern Ireland) 2008. In preparing these financial ststements, the trustees are required to.. select suitable accounting policies and apply them consistently., observe the methods and principles in the Charities SORP make judgements and 6stimates that are reasonable and prudent., state whether the financial slalemenls have been prepared in accordance with the relevant financial reporting framework, idenlify those standards, and note the effect and the reasons for any material departure from those standards,. and prepare the financial ststements on the going concern basis unless it is inappropriate to presume that the Charity will continue in operation. The trustees confirm that they have complied with th8 above requirements In pr8paring the financlal slatem8nts. The trustees are responsible for keeping adequate accounting records that are sufficienl to show and explain the charity's transactions and disclose with reasonable accuracy at any lime the financial position of the charity and enable them to &nsura that the financial statements comply with the Charities Act (Northern Ireland} 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the Board of Trustees on 14 August 2023 and $Sgned on Its behalf by: arry Trustee strong Anna McDonald Trustee
Club Down {Cumann an Duin) BALANCE SHEET as at 31 October 2022 2022 Notes Current Assets Debtors Cash at bank and in hand 387 32,347 32,734 Nat Currènt A8sats 32,734 Total Assets less Current Llabllltles 32,734 Funds General fund lunrestrictedl 32,734 Total funds 32.734 The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" applying Section 1 A of that Standard. Approved by the Board of Trustees and authorlsèd for Issue on 14 August 2023 and 81gned on Its behalf by arry Ar ste trong Anna McDonald Trustee The notes on pages 9 to 12 form part of the financial statements
Club Down (Cumann an Duin) STATEMENT OF FINANCIAL ACTIVITIES for the financial year 8nded 31 October 2022 Unrestricted Funds 2022 Total 2022 Notes Income Donations and legacies Other income 4,700 4,700 Total incomè 4,700 4,700 Expendlturo Charitablo activities Other expenditure 319 319 Total Expendlture 319 319 Net Incomel(expendlture) Transfers beeen funds 4,381 4,381 Net movement In fund8 for th8 flnanclal year 4,381 4,381 Recon¢Sllatlon of fund8 Balanc8s brought fomard at 1 November 2021 28,353 28,353 Balan¢e$ Carrled forward at 31 Octobar 2022 32,734 32,734 Th8 Stat8m8nt of Financial Activities includes all gains and losses recognised in the financial y8ar. All income and expenditure relate to continuing activities. The notes on pages 9 10 12 form part ol the financial slalemenls
Club Down {Cumann an Duin) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 October 2022 GENERAL INFORMATION Club Down (Cumann 8n Duinl is a charity incorporated in Northern Ireland. The registered office of the company is Old Gaswo8 Business Park, Newry, Co.Down, BT34 2DH, Northem Ireland which is also the principal place of business of th8 charity. The financial statements have been presented in Pound Sterling (£} which is also the functional currency of the charity. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Tha following accounting policies have been applied consistantly in dealing with items whlch ar6 considered material in relation to the charity's financial statements. Basls of preparatlon The financial statements have been prepared on the going concern basis under the historical cost convention, modified to includé certain items at fair value. The financial ststements have been prepar8d in accordance with the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charitie$ preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102" applying Section 1 A of that Standard. As pennitted by the Companies Act 2006, th6 charity has varied th8 standard formats In that act for the Statement of Financial Activities and the BalanGe Sheat. Departures from thè standard formats are lo comply with tho r8quirements of the Charities SORP and are in Gompliancè with section 4.7, 10.6 and 15.2 of that SORP. Statement of compliance The finanGial statements of the charity for the financial year ended 31 December 2017 have been prèparéd on the going concern basis and in accordance with the Statement of Recommended Practice {SORPI "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102" applying Section 1A of that Standard. Fund accountlng Th8 following are the categories of funds malntain8d: Restrlct8d funds Reslricled funds represent income received which can only be us8d for particular purpos6s, as sp8cifi8d by the donors. Such purposes are within the overall objeGlives of the charity. Unreslrlcted fund8 Unrestricted funds ¢onsisl of Ganeral and Designated funds. General funds represent amounts which are expendable at the discretion of the board, in furtherance of the objectives of the charity. Designated funds comprise Ljnrestricted funds that tho board has, at Its discretion, set aside for particular purposas. These designations have an administrative purpose only, and do not legally restrict the board's discretion to apply the fund.
Club Down (Cumann an Duin) NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 October 2022 Income Income is recognised by inclusion in the Statement of Financial Activities only when the charity is legally enlitled lo the income, performance conditions attached to the item{sl of income have been met, the amounts involved can be measured with sufficient reliability and it is probabl8 that the income will be received by the charity. Income from charitable activltles Income from charitable activities includé income eamed from the supply of SeIceS under contractual arrangemènts and from performanca rèlated grants which have conditions that specify the provision of particular s&rvices to bè provided by the charity. Income from government and other co-funders is recognised when the charity is legally entit18d to thè income because it is fulfilling the conditions contained in the related funding agrèements. Wheré a grant is received in advance, its recognition is deferred and included in creditors. Where entillament occurs bèforè income is received. it IS 8ccrued in debtors. Grants from governments and other ¢o-fund8rs typically include one of the following types of conditions.. Performance based conditions.. whereby th6 charity is conlraclually entitled to funding only to tho exlenl that the core obj8Ctives of the grant agreement ar8 achieved. Where the charity is meeting the core objectives of a grant agreement, it recognises the related expenditure, to the extent that il is reimbursable by the donor, as income. -Time based conditions: whereby the charity is contractually entitled to funding on th8 condition that 11 Is ulilised in a particular period. In these cases the charity recognises the income to the ext8nl it is utilised within the period specified in the agreement. In the absence of such conditions, assuming that receipt is probable and the amount can ba reliably measured, grant income is recognised once the charity is notified of entitlement. Grants received towards capital expenditure are credited to the Statement of Flnancial Activities when received or receivable, whichever is earlier. Expendlture Expenditure is analysed beeen costs of charitable activities and raising funds. The costs of each activity are separately accumulated and disclosed, and analysed according to their major components. Expènditure is recognised when a legal or constructive obligation exists as a result of a past event, a transfer of economi¢ benefits is required in selllement and the amount of the obligation can be roliably measured. Support costs are those functions that assist the work of the charity but cannot be attributed lo one activity. Such costs are allocated to activities in proportion to staff lime spent or other suitable m8asur8 for 8ach aclivily. D8btors Debtors are recognised at the settlement 8moLJnl due after any discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Income recognised by the charity from government agencies and other co-funders, but not yet received at financial year end, is included in debtors. Cash at bank and In hand Cash at bank and in hand comprfses cash on deposit at banks requiring less than three months notice of withdrawal. Taxatlon and deferred taxatlon No currant or deferred laxalion arlses as the charity has been granted charitable exemption. Irrecoverable valued addad tax is expensed as incurred. Deferred tax is recognised in respect of all timing differences that have originated but not r8v8rsed at the balance sheet dale where Ir8nsadions or events have occurred al that date that will result in an obligation to pay more tax in the future, or a right lo pay less lax in the future. Timing differoncas are temporary differences beeen the company's taxable profits and its results as staled in the financial statements. Deferred lax is measured on an undiscounted basis at the lax rates that are anticipated to apply in the periods in which the liming differences are expected lo reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date. 10
Club Down (Cumann an Duin) NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 October 2022 INCOME DONATIONS AND LEGACIES Unrestricted Restricted Funds Funds 2022 Donations and legacies 4,700 4,700 Donalions OTHER INCOME Unrestrlcted Restrlcted Funds Funds 2022 Covld 19 Grant Income EXPENDITURE CHARITABLE ACTIVITIES Dlrect Costs Other Costs Support Costs 2022 OTHER EXPENDITURE Dlr8ct Costs Oth8r Costs Support Costs 2022 oth8r Expendilure NET INCOME 2022 Net Income Is Stated after charglngl(credltlng): Grants receivable received INVESTMENT AND OTHER INCOME 2022 Revenue grants received (COVID-19} DEBTORS 2022 Trad8 debtors 387 RESERVES 2022 At 1 November 2021 Surplus for the financial year 28,353 4,381 At 31 October 2022 32,734 11
Club Down (Cumann an Duin) NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 October 2022 FUNDS RECONCILIATION OF MOVEMENT IN FUNDS Unrestricted Funds Total Funds At 1 November 2020 Movement during the financial year 69.596 141,243) 69,596 141,243} Al 31 October 2021 Movement during the financial year 28,353 4,381 28,353 4,381 At 31 October 2022 32,734 32,734 ANALYSIS OF MOVEMENTS ON FUNDS Balance 1 November 2021 Incom8 Exponditure Transfers between funds Balanc6 31 October 2022 Unrestrlcted funds Unrestricted General 28,353 4,700 319 32,734 Total funds 28,353 4,700 319 32,734 ANALYSIS OF NET ASSETS BY FUND Current assets Total Unrestricted general funds 32,734 32,734 32,734 32,734 10. POST-BALANCE SHEET EVENTS There have boen no significant events affecting the Charity since the financial year-end. 12
CLUB DOWN CUMANN AN DUIN SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 2022 13
Club Down (Cumann an Duin) SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS OPERATING STATEMENT for the financial year ended 31 October 2022 2022 Schedule Income 4,700 Charitsble activities and other expenses {319} 4,381 Miscellaneous income Net surplus 4,381 The supplementary information does not fom part of the financial statements 14
Club Down (Cumann an Duin) SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS SCHEDULE 1 . CHARITABLE ACTIVITIES AND OTHER EXPENSES for the financial year ended 31 October 2022 2022 Expenses Down GAA Fees Down GAA Clubs (Truly Nolan) Advertising Computer cosls Legal and professional Bank charges Down Women's Gaelic Down Camogie Feés 53 114 152 319 The supplementary information does not form part of the financial statements 15
Club Down {Cumann an Duin) SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS SCHEDULE 2: MISCELLANEOUS INCOME for the financial year ended 31 October 2022 2022 Miscellaneous Income Revenue grants received ICOVID-191 The supplementary informalion does not fom part of the financial statements 16