Club Down (Cumann an Duin) Annual Report and Unaudited Financial Statements for the financial year ended 31 October 2024 Mccoy Hamill Chartered A¢¢ountants 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 9-11 Supplementary Information relating to the Financial Statements 13-14
Club Down (Cumann an Duin) REFERENCE AND ADMINISTRATIVE INFORMATION Trustees Barry Amistrong Sean Rooney {Resigned 30 October 20241 Diarmuid Cahill Maureen O'Higgins Gabriel Mccoy Paul Amislrong (Resigned 30 October 2024} Brendan Mccoy Chairperson Maureen O'Higgins Charity Secretary Barry Armstrong Charity Number in Northern Ireland NIC106245 Independent Examiner Mccoy Hamill Charlered Accountants Old Gasworks Business Pa 1s1 Floor Unit 1 Kilmorey Streel Newry Co.Down BT34 2DH Northem Ireland Principal Bankers First Trust Bank 4244 Hill Street BT34 1AU Northem Ireland
Club Down (Cumann an Duin) STATEMENT OF TRUSTEES. RESPONSIBILITIES for the financial year ended 31 October 2024 The trustees are responsible for preparing the financial statements in accordance with applicable 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 position of the charily as at the financial year end date and of the surplus or deficit of the chanty and otheiSe comply with the Charitses Act (Northern Ireland) 2008. In preparing these financial slatemenls. the truslees are required to.. select suitable accounling policies and apply them consistenuy; observe the methods and principles in the Charities SORP make judgements and accounting estimates that are reasonable and prudent., stale whether the financial stalements have been prepared in accordance with applicable accounling standards, identify those standards, and note the effect and the reasons for any material departure from those standards., and prepare the financial statements on the going cOnM basis unless il is inappropriate to presume that the charity will continue in operation. The trustees confirm that they have complied with the above requirements in preparing the financial statements. The trustees are responsible for keeping adequale accounting 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 Ihat the financial slalemenls 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 20 August 2025 and signed on its behalf by: Barry Armstrong Trustee
Club Down (Cumann an Duin) STATEMENT OF FINANCIAL ACTIVITIES for the finanGial year ended 31 October 2024 Unrestricted Funds 2024 Total Funds 2024 Notes Income Donalions and legacies Charitable activities Grants from governmenls and other oFfunders 3.087 3.087 Total income 3.087 3.087 Expenditure Other expenditure 146 146 Net incomel{expenditure) 2,941 2,941 Transfers between funds Nel movement in funds for the financial year 2,941 2,941 Reconciliation of funds: Tolal funds beginning of the year 33,705 33,705 Total funds at the end of the year 36,646 36,646 The Slatemenl of Financial Activities includes all gains and losses recognised in the financial year. All income and expenditure relate to continuing adivities. The rteS on pages 9 to 11 fomi part of the financial statements
Club Down (Cumann an Duin) BALANCE SHEET as at 31 October 2024 2024 Current Assets Debtors Cash at bank and in hand 387 36259 36,646 Net Cuffent Assets 36,646 Total Assets less Cufrent Liabilities 36.646 Funds General fund (unrestrided) 36,646 Totsl funds 36,646 The financial statements have been prepared tn accordance with the provtsions applicable lo companies subject to the small companies. regime and in accordance wilh FRS 102 7he Financsal Reporting Standaid applicable in the UK and Republic of Ireland" apptying Section 1A of that Standard. Approved by the Board of Trustees on 20 August 2025 and signed on its behalf by.. Ba A Tmstrong Trustee
Club Down (Cumann an Duin) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 October 2024 GENERAL INFORMATION Club Down {Cumann an Duin) is a charity incorporated in Northem Ireland. The regislered office of the company is Old Gasworks 8LJsiness Park. 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 1£) which is also the funclional currency of the charity. SUMMARY OF SIGNIFICANT ACCOUNTING POUCIES The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the charity's financial statements. Basis of preparation The financial statements have been prepared on the going concern basis under the historical cost convenlion, modified to include certain items al fair value. The financial statements have been prepared 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 ofthat Standard. As pemiitted by the Companies Act 2006, the charity has varied the standard fomiats in that act for the Statement of Financial Aclivilies and the Balan Sheet. Departures from the slandard formats are to comply with Ihe 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 financial 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 Reporting by Charrties preparing Iheir accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102" applying Section 1A of that Stsndard. Fund accounting The following are the categories of funds maintained-. Restricted funds Restricted funds represent income reiVed which can only be used for particular purposes, as specified by the donors. Such purposes are within the overall objectives of the charity. Unrestrided 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 funds comprise unrestricted funds that the board has, at its discretion, set aside for particular purposes. These designations have an adminislralive purpose only. and do not legally restrict the board's discretion to apply the fund. Income Income is recognised by indusion in the Statement of Financial Activities only when the charity is legally entitled to the income. performance conditions attached to the item(s) of income 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 charitable activities Income from charitable activities include incorne eamed from the supply of services under contractual arrangements and from performance related grants which have conditions that specify the provision of particular services to be provided by the charity- Income from govemment and other co-funders is recognised when the charity is legally entitled to the income because it is fulfilling the conditions contsined in the related funding agreements. Where a grant is received in advance. its recognition is deferred and included in creditors. Where entitlement occurs before income is reived, it 15 accrued in debtors. Grants from govemments and other co-funders typically include one of the following types of conditions.. Performan based conditions.. whereby the charity is contractually entitled lo funding only to the extent that the core objectives of the grant agreement are achieved. Where the charity is meeting the core objectives of a grant agreement, it recognises the related expenditure. to the extent that it is reimbursable by
continued Club Down (Cumann an Duin) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 October 2024 the donor. as income. Time based conditions= whereby the charity is contractually ents.tled to funding on the condition that it is ulilised in a particular period. In Ihese cases the charity recognises the income to the extent 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. grant income is recognised On the charity is notified of entitlement. Grants received towards capital expenditure are credited to the Statement of Financial Activities when received or receivable, whichever is earlier. Expenditure Expenditure is analysed between costs of Charitate aclivilies and raising funds. The costs of each activity are separately accumulated and disclosed. and analysed according to their major components. Expenditure is recognised when a legal or constructive obligation exists as a result of a past evenl, a transfer of economic benefits is required in settlement and the amount of the obligation can be reliably measured. Support costs are those functions 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 setuement 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 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 comprises cash on deposit at banks quiring less than three months notice of withdrawal. Taxation and deferred taxation No current or deferred taxation arises as the charity has been granled charitable exemption. Irrecoverable valued added tax is expensed as incurred. Defeed tax is recognised in respect of all timing dIfferenS that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more lax in the future, or a right to pay less lax in the future. Timing differences are temporary differences between the company's taxable proffts and its results as stated in the financial statemenls. Deferred tax is measured on an undiscounted basis at the tax rates Ihat are anticipaled to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacled by the balan sheet date. INCOME DONATIONS AND LEGACIES Unrestricted Restricted Funds Funds 2024 Donations and legacies 3.087 3.087 Donations CHARITABLE AcTIVlEs Unrestricted Restricted Funds Funds 2024 Grants from governments and other co4unders: Down 1994 Dinner EXPENDITURE CHARITABLE ACTIVITIES Direct Costs Other Costs Support Costs 2024 10
continued Club Down (Cumann an Duin) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 October 2024 OTHER EXPENDITURE Direct Costs Other Costs Support Costs 2024 Other expenditure 146 146 Other Expenditure DEBTORS 2024 Trade deblors 387 RESERVES 2024 At the beginning of the year Surplus for the financial year 33,705 2,941 At the end ofthe year 36,646 FUNDS RECONCILIATION OF MOVEMENT IN FUNDS Unrestricted Funds Total Funds At 1 November 2022 Movement during the financial year 32,734 971 32,734 971 At 31 October 2023 Movemenl during the financial year 33.705 2,941 33,705 2,941 At 31 October 2024 36,646 36,646 ANALYSIS OF MOVEMENTS ON FUNDS Balance 1 November 2023 Income Expenditure Transfers belween funds Balance 31 October 2024 Unrestricted funds Unrestricted General 33.705 3,087 146 36,646 Total funds 33,705 3,087 146 36,646 ANALYSIS OF NET ASSETS BY FUND Current assets Total Unrestricted general funds 36,646 36,646 36,646 36,646 POST-BALANCE SHEET EVENTS There have been no significant events affecting the Charity since the financial year-end. 11
CLUB DOWN CUMANN AN DUIN SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 2024 12
Club Down (Cumann an Duin) SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS OPERATING STATEMENT for the financial year ended 31 October 2024 2024 Schedule Income 3,087 Charitable activities and olher expenses (146) Nel surplus 2.941 The supplementary infomiation does not form part of the financial statements 13
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 2024 2024 Expenses Public Relalions Computer costs Legal and professional Bank charges 146 146 The supplementary infomiation does not form part of the financial statements 14