Club Down (Cumann an Duin) Annual Report and Unaudited Financial Statements for the financial year ended 31 October 2023 Mccoy Hamill Chartered Accountants Old Gasworks Business Park 1st Floor Unit 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 the Financial Statements 9-12 Supplementary Information relating to the Financial Statements 14-15
Club Down {Cumann an Duin) REFERENCE AND ADMINISTRATIVE INFORMATION Trustees Bary Amistrong Sean Rooney Anna McDonald (Resigned 4 July 2023) Ross Carr (Resigned 4 July 2023) Lucy Connor (Resigned 4 July 2023) Diamuid Cahill Maureen O'Higgins Gabriel Mccoy (Appointed 4 July 2023) Paul Amistrong (Appointed 4 July 2023) Brendan Mccoy Chalrperson Paul Arrnstrong Charity Secretary Bary Am)strong Charity Number in Northern Ireland NIC106245 Independent Examlner Mccoy Hamill Chartered Accountants Old Gasworks Business Park 1 st Floor Unit 1 Kilmorey Street Newry Co.Down BT34 2DH Northem Ireland Principal Bankers First Trust Bank 4244 Hill Street BT34 1AU Northem Ireland
Club Down (Cumann an Duin) TRUSTEES, REPORT for the financial year ended 31 October 2023 The trustees present their Trustees, Report and the unaudited financial statements for the financial year ended 31 October 2023. The financial statements are prepared in accordance with the Charities Act {Northem Ireland) 2008, FRS 102 Yhe Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102}. The Trustees, Report contains the infonnation required to be pn)vided in the Trustees. Annual Report under the Statement of Recommended Practice {SORP) 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 Duin) present a summary of its purpose, governan, activities. achievements and finances for the financial year 31 October 2023. The charity is a registèred charity and atthough not obligad to cornp with the Statement of Recommended Praclice applicable in the UK and Republic of Ireland FRS 102. the organisation has implemented its recommendations where relevant in these financial statements. Financial Review The results for the financial year are set out on page and additional notes are providad showing incomé and expenditure in greater detail. Results and Dlvldends At the end of the financial year the charity has assets of £33.705 and liabilitss of £0.00. The net assets of the charity are £33,705 In accordance wtth the Constitution. the trustees retire by rotstion and. being eligible. offer themselves for re4election. Compllance with Sector-wide Legislation and Standards The charity engages pro-actively with legislation, standards and codes which are developed for the sector. Club Down (Cumann an Duin) subscribes to and is compliant with the following= The Charities SORP (FRS 102) Approved by the Board of Trustees on 11 July 2024 and signed on Its behalf by: Barry Armstrong Trustee
Club Down (Cumann an Duin) STATEMENT OF TRUSTEES. RESPONSIBILITIES for the finanal year ended 31 October 2023 The trustees are responsible for preparing the financial statements in accordance with applicable law and regulations. The law applicable to charities in Northem 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 position 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 {Northem Ireland) 2008. In preparing these financial statements. 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 accounting estimates that are reasonable and prudent; stste whether the financial ststements have been prepared in accordance with applicable accounting standards, identify those standards, and note the effect and the reasons for any material deparbjre from those standards; and prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charity will continue in operation. The trustees confim that they have complied vth the above requirements in preparing the financial ststements. The trustees are responsible for keeping adequate accountirKJ records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Chartties Act (Northem 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 iegUlarities. Approved by the Board of Trustees on 11 July 2024 and sSgned on Its behalf by: Barry Armstrong Trustee
Club Down (Cumann an Duin) STATEMENT OF FINANCIAL ACTIVITIES for the financial year ended 31 October 2023 Unrestricted Funds 2023 Total Funds 2023 Notes Income Donations and legacies Charitable activities - Grants from govemments and other ccFfunders 3,621 3,621 Total income 3,621 3,621 Expenditure Charttable activities Other expenditure 2,650 2,650 Total Expenditure 2,650 2,650 Net Incomel{expendlture) 971 971 Transfers betsveen funds Not movement In funds for the financial year 971 971 Reconclllatlon of funds: Totsl funds beginning of the year 32,734 32.734 Total funds at the end of the year 33,705 33,705 The Stslernent of Financial Activities includes all gains and losses recognised in the financial year. All incorne and expenditure relate to continuing activities. The rKltes on pages 9 10 12 forni part of the finanaal statements
Club Down (Cumann an Duin) BALANCE SHEET as at 31 October 2023 2023 Notes Current Assets Debtors Cash at bank and in hand 387 33,318 33,705 Net Current Assets 33,705 Total Assets less Current Liabilities 33.705 Funds General fund {unrestricied) 33,705 Total funds 33,705 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 Yhe Financial Reporting Standard applicable in the UK and Republic of Ireland" applying Section 1A of that Standard. Approved by the Board of Trustees and authorlsed for Issue on 11 July 2024 and slgned on Its behalf by Barry Armstrong Trustee The notes on pages 9 10 12 forni part ot the finanaal ststernents
Club Down {Cumann an Duin) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 October 2023 GENERAL INFORMATION Club Down (Cumann an Duin) is a charity incorpordted in Northem Ireland. The registered office of th8 company is Old Gasworks Business Parf(, Newry, Co.Down, BT34 2DH. Northem Ireland which is also the principal place of business of the charity- The financial statements have been presented in Pound Sterfing {£} which is also the functional currency of the charity. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following accounting policies have been applied consistently in dealing wth items which are considered material in relation to the charity's finanual statements. Basls of preparation The financial statements have been prepared on the going concem basis under the historical cost convention, modified to include certain items al fair value. The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP} '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. As pamitted by the Companies Act 2006. the charity has varied the standard fomats in that act for the Statement of Financial Activtties and the Balance Sheet. Departures from the standard formats are to comply with the requirements of the Charities SORP and are in compliance with section 4.7, 10.6 and 15.2 of that SORP. Statement of compliance The financial statements of the charity for the finanual year ended 31 December 2017 have been prepared on the going concern basis and in accordance with the Statement of Recommended Practice {SORP) 'Accounting and Reporbng by Charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102" applying Section 1A of that Standard. Fund accountlng The following are the categories of funds maintained.. Restricted funds Restricted funds represent income reiVed vthich can only be used for particular purposes, as specified by thè donors. Such purposes are wthin the overdll objectives of the charity. Unrestrlct8d funds Unrestricted funds consist of General 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 fvnds comprise unrestricted funds that the board has, at its discretion, set aside for particular purposes. These designations have an administrative purpose only. and do not legally restrict the board's discretion to apply the fijnd. Income Income is recognis8d by inclusion in the Ststement of Financial Activities only when the charity is legally entitled to the Income. perfom7ance conditions attached to the item(sl of incom8 have been met, the amounts involved can be measured with sufficient reliability and it is probable that the income will be received by the charity. Income from charltable activities Income from charitable activities include income eamed from the supply of seNices under contractual arrangements and from perforniance related grants vthich have conditions that specify the provision of particular services to be provided by the charity. Income from government and other CfTrfvnders is recognised when the charity is legally entitled to the income because it is fulfilling the conditions contsined in the related fvnding agreements. Where a grant is reiVed in advance, its recognition is deferred and included in creditors. Where entitlement occurs before income is received, it is accrued in debtors. Grants from govemments and other Covfunders typically include one of the following types of conditions: Performance based conditions.. vthereby the charity is contractually entitled to funding only to the extent that the core objectives of the grant agement are achieved. Where the charity is ffleeting the core objectives of a grant agreement. it recognises the related expenditure, to the extent that it is reimbursable by the donor, as
Club Down (Cumann an Duin) NOTES TO THE FINANCIAL STATEMENTS ontinued for the financial year ended 31 October 2023 income. -Time based conditions.- whereby the chaTity is contractually entitled to funding on the condition that il is utilised in a particular period. In these cases the charity recognises the income lo the exient 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 be reliably measured, grdnt income is recognised once the charity is notified of entitlement. Grants reiVed towards capital expendtture are credited lo the Statement of Financial Activities when received or receivable, whichever is earlier. Expenditure Expenditure is analysed between costs of charitable activities and raising funds. The costs of each activity are separately accumulated and disclosed. and analysed according to their major components. Exp8nditure is recognised when a legal or constructive obligation exists as a result of a past event, a transfer of economic benefits is required in settlement and the amount of the obligation can be reliably measured. Support costs are those fvnctions that assist the work of the charity but cannot be attributed to one activity. Such costs are allocated to activities in proportion to staff time spent or other suitable measure for each activity. Debtors Debtors are recognised at the settlement amount due after any discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Income recognised by the charity from govemment agencies and other c(Ffunders. but not yet received at financial year end, is included in debtors. Cash at bank and In hand Cash at bank and in hand comprises cash on deposit at banks requiring less than three months notice of withdrawal. Taxation and deferred taxation No current or defeed taxation arises as the charity has been granted charitable exemption. Irrecoverable valued added tax is expensed as incurred. Dèferred tax is CogniSed in respect of all timing differences that have originated but not reversed at the balan sheet date where transactions or events have oCcued at that date that will result in an obligation to pay more tax in the fvture, or a right to pay less tax in the future. Timing differences are temporary differances beeen the company's tsxable profits and its results as stated in the financial statements. Defeed tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing dtfferences are expected to reverse. based on tsx rates and laws that have been enacted or substantively enacted by the balance sheet date. INCOME DONATIONS AND LEGACIES unrestrict Restrlcted Funds Funds 2023 Donations CHARITABLE ACTIVITIES Unrestricted Restricted Funds Funds 2023 Grants from governments and other cfyfunders: Income from charitable activities 3,621 3,621 Down 1994 Dinner EXPENDITURE 10
Club Down (Cumann an Duin) NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 October 2023 CHARITABLE ACTIVITIES Direct Costs Other Costs Support Costs 2023 Charitable Activities DEBTORS 2023 Trade debtors 387 RESERVES 2023 At the beginning of the year Surplus for the financial year 32.734 971 At the end of the year 33,705 FUNDS RECONCILIATION OF MOVEMENT IN FUNDS Unrestrlcted Funds Total Funds At 1 November 2021 Movement during the financial year 28,353 4.381 28.353 4,381 At 31 October 2022 Movement during the financial year 32,734 971 32,734 971 At 31 October 2023 33,705 33,705 ANALYSIS OF MOVEMENTS ON FUNDS Balance 1 November 2022 Incomo Expenditure Transfers between funds Balance 31 October 2023 Unrestricted funds Unreslricted General 32,734 3.621 2.650 33,705 Total funds 32.734 3,621 2,650 33,705 ANALYSIS OF NET ASSETS BY FUND Current assets Total Unreslricted general funds 33,705 33.705 33.705 33,705 11
Club Down {Cumann an Duin) NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 October 2023 POST-BALANCE SHEET EVENTS There have been 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 2023 13
Club Down (Cumann an Duin) SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS OPERATING STATEMENT for the financial year ended 31 October 2023 2023 Schedule Income 3,621 Charitable activities and other expenses {2.6501 Net surplus 971 The supplementary infomiation does not form 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 2023 2023 Expenses Public Relations Advertising Computer costs Legal and professional Bank charges 720 114 1,668 148 2,650 The supplementary infomiation does not fom part of the financial statements 15