Camlough Rovers Football Club IA company limited by guarantee, not having a share capital) STATEMENT OF FINANCIAL ACTIVITIES Ilncorporating an Incom• and Exponditure Account) for the financial year ended 2 February 2023 Unrostricled Funds 2023 Total Unrestricted Funds Funds 2023 2022 Total Funds 2022 Nots8 Incoming Resources Charitable activities Grants from govemments and other co-funders Investments Other income 27,742 27,742 16,718 8,002 25,581 16,718 8,002 25,581 2,290 2,290 Total incomlng resources 30,032 30,032 50,301 50,301 Rasources Expanded Charltable a¢llvllles Actlvltles for generating funds 22,838 600 22.838 18,425 19,065 18,425 19,065 Total Resources Expended 23,438 23,438 37,490 37,490 Net Incomlngloutgolng rosources bofore transfers 6,594 12.811 12,811 Gross transfers beeen funds Net movomont In funds for th8 flnanclal year 6,594 6.594 12.811 12,811 Reconclllatlon of funds: Total funds beglnnlng of th8 y8ar 12 249,261 249,261 238,450 236.450 Total funds at the and ol the year 255,855 255,855 249,261 249,261 The Slatement of Financial Activilles Includes all galns and losses recognlsed In the flnanclal year. All income and expenditure relate to continuing activities. The notes on pages 10 to 14 ft)rm part of the financial statements
Camlough Rovers Football Club (A Company limited by guarantee, not having a shara capitsll Company Number: N1629061 BALANCE SHEET as at 2 February 2023 2023 2022 Notss Flxed Assets Tangible assets 285,000 285,000 Current Assets Cash at bank and in hand 460 2.866 Creditors: Amounts falllng due wlthln one yoar 10 129.605) 138.605) Net Current L5abllltles 129,145) 135,739) Tolal Assets less Curront Llabllltles 255,855 249,261 Funds Gen8ral fund (unrestricted) 255,855 249,261 Total funds 12 255.855 249,261 These financial statement5 have been prepared In accordance with the speclal provisions relating to small companle8 within Part 15 of th8 Companies Act 2006. For the flnanclal year ended 2 February 2023 the company was entitléd to exemptlon from audit under s8ctlon 477 of th8 Companies Act 2006,. and no notice has bean deposited under section 476. The dlrectors conflmi that th6 m8mbers hav8 not required the company to obtaln an audit of its financial statements for the financlal year in questlon In accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilllies for ensurlng that the company keeps accountlng records whlch comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of Its profit and loss for the financial y8ar in accordance with the requirements of s6clions 394 and 395 and which otherwise comply with the raquirements of the Compani8s Act 2006 relating to financial statements, so far as applicable to the ¢ompany. The financial statements have been prepared in accordance wlth the provislons applicable to companles subject to Ihe small companies, regime and in accordance with FRS 102'The Financial Reporting Standard applicable in the UK and Republic of Ireland. applylng Section 1 A of that Stsndard. Approved by tho Board of Dlrectors and authorfsed for13sue on behalf by and slgned on Its n (Jack ctor ooney The notes on pages 10 to 14 form part of th8 financial statements
Camlough Rovers Football Club {A company limited by guarantoe, not having a sharfj capital) NOTES TO THE FINANCIAL STATEMENTS for Ihe financial year ended 2 February 2023 GENERAL INFORMATION Camlough Rovers Football Club is a company limited by guarantee incorporated in Northem Ireland. The registered office of the Company is Camlough Rovers F C Grounds, Newry Road, Camlough. Newry, Co. Down, BT35 6PE, North8rn Ireland which is also the principal place of business of the company Th8 financial statements have been presented in Pound (£) which is also the functional currency of th8 company. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following accounting policies have been applied consistently in dealing with it8ms which are consided material in relation to the Charity's financial siataments. Basls of preparatlon The financial siateménts have been prepared on th8 going concern basis under th8 historirAI Cost convontion, modified to include rtain items at fair value. The financial stat8ments have been prepared in accordance wilh the Statement of Recommended Practice ISORP) 'AGcounting and Reporting by Charities preparing thelr 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 permitted by the Companies Ad 2006, the company has varled tho standard formats In that act for the statement of Financial Actlvltles 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. Statoment of compllance The financial statements of th8 company for the financial year 8nd8d 31 December 2017 have been prepared on the going concern basis and In accordance with the Statemenl of Recommended Practlce (SORP> 'Accounling and Reporting by Charfties preparing thelr accounts in accordance with thé Flnancial R8POrting Standard applicable In Ihe UK and Republic of Ireland FRS 102" applying Secllon 1A of that Stsndard. Incomlng Resourc08 Voluntary income or capltal is included in the Statement of Flnancial Activities when the company is legally 8ntilled to It, Its financial value can be quantlfied with r8asonable certalnty and th8re is reasonable certainty of its ultimate receipt. Entitlemant to legacies Is considered established when the company has been notified of a distribution to be made by the executors. Income received In advance of due performance under a Contract is accounted for as deferred income until earrbed. Grants for activities are r8cognised as incoffle when the r8lated condltlons for legal entitlement have been mat. All other income is accounted for on an accruals basls. Resources Expended All resources expended are accounted for on an accruals basis. Charitable activitles includé costs of services and grants. support costs and dèpréciation on related assets. Costs of generating funds similarly include fundraising activits'es. Non-staff costs not attributed to one category of activity are allocated or apportioned pro-rata to the staffing of the relevant servic6. Finance, HR, IT and adminislrative staff costs are directly attributable to individual actlv111es by objective. Govern8n¢e cosls are th¢)se assoGiat8d with con6tltutional and statutory requlremonts. Tanglble fixed assets and depreclatlon Tangibla fixed ass8ts are stated at cost or at valuation, less accumulatod depreciation. The charge to depreciation is calculated to write off tha original cost or valuation of tangible fixed assets. less their estimated residual value. over their expected useful lives as follows: Land and buildings freehold 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 No current or deferred taxation arises as the Company has been granted charitable exemption. Irrecoverab18 valued added lax is expensed as incurred.
Camlough Rovers Football Club IA company limited by guarant•a, not having a shar8 capital) NOTES TO THE FINANCIAL STATEMENTS Continued for the financial year ended 2 February 2023 INCOME CHARITABLE ACTIVITIES Unrestricted Restricted Funds Funds 2023 2022 Grants from governments and other co-funders: Mambership Feas 27,742 27,742 16,718 INVESTMENTS Unrestricted Restrlcted Funds Funds 2023 2022 Insurance Clalm 8,002 OTHER INCOME Unrestrlctod Restrict•d Funds Fund8 2023 2022 other Income 2,290 2,290 25.581 EXPENDITURE CHARITABLE ACTIVITIES Dlrect Costs Other Costs Support Costs 2023 2022 IFA League fees Rent, rates & insurance Bank charges Referees, feas Prizes & awards Players klt Governance Costs (Note 4.3) 190 4,638 190 4.638 207 527 1,418 2.143 207 455 72 1h18 257 1,220 1,220 14,174 4.264 11.761 3,132 11.042 7,930 3,794 11,114 22.838 18.425 OTHER TRADING ACTIVITIES Dlrèct Costs other C051s Support Costs 2023 2022 Repairs & maintsnance 600 19,065 GOVERNANCE COSTS Dlrect Costs other Costs Support Costs 2023 2022 General Office Insurance Accountancy Light & heat Bank charges 587 587 3,132 905 9.550 783 3,226 1,390 5,799 563 3,132 905 9.550 3,132 11,IH2 14.174 11.761
Camlough Rovers Football Club IA company1Smlted by guarantee, not havlng a sharn capltal) NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 2 February 2023 SUPPORT COSTS Charitable Govemanco Activities Costs 2023 2022 Bank interest General Office Accounlancy 72 72 10,137 905 400 6,582 1.390 10,137 905 72 11,042 11,114 8,372 ANALYSIS OF SUPPORT COSTS Basis of Apportlonmènt 2023 2022 Bank interest General Offi¢8 Accountancy 72 10.137 905 400 6.582 1.390 Govemance Govemance 11.114 8,372 NET INCOMING RESOURCES 2023 2022 Net Incomlng Resources aro stated after chargingl{cr8dltlng): Grants receivable received {1,336> INVESTMENT AND OTHER INCOME 2023 2022 R8V8nue grants recelved Sundry income 1,336 11,202 12,538 INTEREST PAYABLE AND SIMILAR CHARGES 2023 2022 On bank loans and overdrafts 72 400 TANGIBLE FIXED ASSETS Land and bulldlngs freèhold Total Cost At 2 February 2023 285,000 285,000 Net book value At 2 February 2023 285.000 285,000 At 2 February 2022 285.000 285,000
Camlough Rovers Football Club {A company limited by guarantee, not having a Share capltal) NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 2 February 2023 10. CREDITORS Amounts falllng due wlthln one year 2023 2022 Bank Loans Directors, cuent accounts Aru915 and deferred income 5,055 31,800 1,750 27,000 2,605 29,605 38,605 11. RESERVES 2023 2022 At the beglnnlng ofthe year Surplus for th8 financial year 249,261 6,594 236,450 12,811 At the end of th8 year 255,855 249,261 12. FUNDS 12.1 RECONCILIATION OF MOVEMENT IN FUNDS Unrestrlcted Funds Total Funds At 3 February 2021 Mov8m8nt durlng the financial year 236,450 12,811 236,450 12,811 At 2 February 2022 Mov8m8nt durlng the flnanclal year 249,261 6,594 249.261 6,594 At 2 February 2023 255.855 255,855 12.2 ANALYSIS OF MOVEMENTS ON FUNDS Balance 3 February 2022 Income Expenditurn Transfer8 between funds Balan¢8 2 February 2023 Unrastrlcted funds Camlough Rovers Football Club 249.261 30,032 23,438 255,855 Total funds 249,261 30,032 23.438 255,855 12.3 ANALYSIS OF NET ASSETS BY FUND Flxed assets - charity uso Current assets Current liabllltles Total Unrestricted general funds 285,000 460 (29,605) 255,855 285,000 460 (29,605) 255,855 13
Camlough Rovers Football Club IA company1Smlted by guarantee, not havlng a share capltal) NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 2 February 2023 13. STATUS The company is limited by guarantee not having a share capital. The liability of the members Is Ilmlted. Every member of the company undertakes to contribute to the assets of the company in tha 8vent of its being wound up while they are members, or within on8 year thereafter, for the payrn8nt of the debts and liabilities of tha company contracted before they ceased to be members, and the costs, charges and expensès of winding up, and for the adjustment of the rights of the contributors among themselves. such amoltnt as may be requlred, not exceeding £ 1. 14. POST4ALANCE SHEET EVENTS There have been no signSficant events affecting the Charity $lnce the financlal y8ar-end.