Camlough Rovers Football Club IA company limited by guarantee. not having a share capital) STATEMENT OF FINANCIAL ACTIVITIES IlncoTporating an In¢omo and Exponditure Account) for th8 financial yaar ended 2 February 2024 Unrestricted Funds 2024 Total Unrestrithd Funds Fund5 2024 2023 Totsl Funds 2023 Notes Incoming Resources Charitable aGtNities - Grants from govemments and other cTrfunders Other incom8 25,026 5,942 25,026 5.942 27,742 2,290 27,742 2.290 Total Incomlng resources 30,968 30,968 30,032 30.032 Ro8ourcé$ Exp•ndod Charitable activitie$ Actlvlties for generallng funds 22,567 96 22,567 98 22,838 600 22,838 600 Total Resou08 Exp•nded 22,663 22,663 23,438 23,438 Net Sncomlngloutgolng resources before transfers 8.305 8,305 6,594 6,594 Gross transfers between funds Not movement In funds for the flnanGlal year 8,305 8.305 6,594 6,594 Reconclllatlon of funds: Total fund8 beglnnlng of the year 10 255,855 255.855 249,281 249.261 Tolal funds at tho end of tho year 264,160 264.160 255,855 255,855 Thg Statement of Flnan¢ial Aclivilles includes all galns and losses r8cognisod in tho financlal year. All in¢orne and expgndituro rglate to ¢ontlnuing 8Glivitle8. The notes on pages 10 to 13 fo part of the finanoal staternenls
Camlough Rovers Football Club IA company limlted by guarantee. not having a share eapltall Company Number- N1629061 BALANCE SHEET as at 2 FebTuary 2024 2024 2023 Noles Flxed Assets Tanglble asse15 336,81M 285,000 Current Assets Cash at bank and In hand 705 460 Creditors: Amounts falllng dua wlthin on8 yèar (73,349) {29,6051 Net Current LIabili•s (72,644) (29,1451 Total Assets less Curront Llabllltlos 264,160 255,855 Fund• General fund (unreslrictedl 264.160 255,855 Total funds 10 264,160 255,855 These flnanclal statements have been prepared In accordance wllh the speclal prov155on5 rolatlng to small companies within Part 15 of the Compani88 Act 2006. For lh8 financial year ended 2 February 2024 the company was entitled to exemption from audit under $e¢tlon 477 of the Companles Act 2006,. and no notice has been deposlted under section 476. Th8 directors confirm that the members have not required th6 company to oblaln an audit of its financlal statements for the finan¢ial year in quesllon In accordance wllh section 476 of the Companies Act 2006, The dlreclors acknowledge thelr sponsIbIlItIeS for en3urfng that the ¢ompany keeps accounllng records which Comply with Section 386 and for preparfng flnanclal statements whlch glvo a true and fair view of the slale of affairs of the Gompany as al thg end of the financial year and of Ils profit and loss for the financlal year In accordance wlth the requirements of seGtions 394 and 395 and which otherwise comply wllh the requirement$ of the Companies Act 2006 relallng to finandal 5tstements, so far as applicable to the company. Tha finan¢ial ststements have begn prepared in accordance with the provlsions appli¢abl8 to MPanieS subject to th8 small companies, regime and in accordanc& with FRS 102 Yhe Financial Reporting Standard applicable In the UK and Republlc of Ireland" applying S8Ctlon IA of that Standard. Approved by th• Board of Dlroctors and authorlsed for Issuo on 25 Octobgr 2024 and slgngd on Its bohalf by (Jacklg) Moon Dlre Tha not85 on pa5 10 to 13 fgrm part ofth8 firnal 5tatemgnts
Camlough Rovers Football Club IA company limited by guarantee. not havlng a 5har8 capltal) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 2 February 2024 GENERAL INFORMATION Camlough Rovers Football Club is a company limited by guarantse incorporated In Northern Ireland. The registered office of the company is Camlough Rovers F C Ground$, Newry Road, Camlough, Newry, Co. Down, BT35 6PE, Northern Ireland which is also the principal plaGe of buslness of the company The finan¢ial statements hav8 been presented in Pound {£) which is also the functional currency of the company. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The followlng accounting pollcles have been applled nsiStenY in deallng wllh items whlch are consldered material in relation to th8 charlS financial statements. Basls of proparation The financlal statements have been prepared on the going concern basis under the hlstorfeal ¢ost convention, modlfled lo Includ8 certaln Items al falr valué. Tha financlal Statements have been prepared In accordanc8 wilh the Statement of Recommended Practice {SORPI 'AcunIng and Reporting by Charities preparing Ihelr accounts in accordanc8 wlth the Financial Reporting Standard applicable In the UK and Republlc of Ireland FRS 102. applying Secllon 1A of that Standard. As perrnltted by the Companlos Act 2006, the company has varfed the standard foats In that act for the statement of FinanGial Activities and the BalanGe Sheet. Departures from the standard formats are to comply with the requirements of the Charitles SORP and are In compllance with sectlon 4.7, 10.6 and 15.2 of that SORP. statement of compllanca The financial statements of the Company for the financial year ended 31 Decamber 2017 have b8en prepared on the going concom bas18 and In accordance with the Statsmont of Recommended PraGlice ISORPI "Accounllng and Reportlng by Charftles preparing thalr accounts In accordance wlth th& Flnanclal Repordng Stsndard applicable in the UK and RepubllG of lieland FRS 102., applylng Section 1A of thal Stsndard. Incomlng R•sour¢•• Voluntary Income or capltal 18 Included In the Slalemenl of Finan¢lal A¢tlvlllgs when the company 1$ legally enlitled lo11, its financial value can be quantified with reasonablo certainty and there is reasonable Certainty of it8 ultimate receipt. Entitlement to legacios is considgred e51ablish8d when the company has been notifi8d of dlstrlbullon to be made by the exeGulors. Income received In advance of due perfomi8nc8 under a contract Is accounted for a5 deferred income unt61 earned. Grants for aclivitles are recogn18ed as Income when the rolated conditions for legal enlitlemenl have begn met. Al othar income is accounted for on an accruals basis. Ré8ourc•8 Expond All resources expended are accounted for on an accruals basis. Charllable activities Include w$ts of seNice8 and grants, support costs and depreciatSon on related assets. Costs of generating fvnds similarly Include fundraising activities. Non-slaff costs not attrlbuled to on8 ealegory of acllvlty are allocated or apportloned pro-rata to the Slafflng of the relevant service. Flnance. HR, IT and admlnlslralive 8taff costs are dlrectly 81butab1e to Individual a¢tivitles by objective. Governance costs are those a$$o¢ialed wllh constitutional and statutory requirements. Tanglble Ilxad assets and deprnclatlon Tanglble flxed assets are Slated at cost or at valuatlon, les5 accumulated dopreclatlon. The charge to depreclallon18 calculatsd to wdte off the odginal cost or valuatlon of tsnglble fixed asse15, less Ihelr estlmated residual valu&, over their expected usgful lives as follows: Land and bulldlng5 freehold Cash at bank and In hand Cash al bank and in hand comprises ca8h on deposit at banks requiring less than three months notlce of wlthdrawal. Taxallon No current or deferred taxation arises as the company has been granted charitable exemption. Irrecoverable valued added tax is expens8d as incurred. 10
continued Camlough Rovers Football Club IA company limited by guarantee. not having a sharo capita NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 2 February 2024 INCOME CHARITABLE ACTIVITIES Unrestrlcted Rgstrlded Funds Funds 2024 2023 Grant5 from governments and other co4unders: Membership Fees 25.026 25,026 27.742 32 OTHER INCOME Unrestrlcted Re6trlcted Funds Funds 2024 2023 Other Income 5,942 5,942 2,290 EXPENDITURE CHARrrABLE ACTIVITIES DlraGt Co¥ts Oth•r Costs Support Costs 2024 2023 Rent, rates & Insurance Bank charges IFA Players Referees, lees League f8e8 Prizes & awards Govemance Costs (Note 4.3) 426 426 207 527 190 1,220 1,418 4,638 464 14,174 130 1.514 2,108 530 4,$04 2,108 530 4.504 13,355 13,355 7.568 130 14,869 22,567 22,838 OTHER TRADING ACTIVITIES Dlrect Cosls Oth•r Costs Support Costs 2024 2023 Repairs & maintenance 96 600 GOVERNANCE COST8 Dlr¢¢t Co#ts Other Costs Support Costs 2024 2023 G8n8ral Offle Llght & heat Insurance Accountancy 1,462 7.752 3,286 855 1.402 7.752 3,286 855 587 9,550 3,132 905 13.355 13.355 14.174 4A SUPPORT COSTS Charitsblè Governance ActSvltles C05ts 2024 2023 Bank int8rost General Office Accounlancy 1,514 1,514 12,500 855 72 10,137 905 12,500 855 1,514 13,355 14,869 11.114 11
continued Camlough Rovers Football Club IA Company limited by guarant•e. not having a shar• capltall NOTES TO THE FINANCIAL STATEMENTS for th8 financlal ar ended 2 February 2024 ANALYSIS OF SUPPORT COSTS Basls of Apportionmenl 2024 2023 Bank interest General Office Accountancy 1.514 12.500 855 72 10,137 905 Govemance Govemance 14.869 11,114 INTEREST PAYABLE AND SIMILAR CHARGES 2024 2023 On bank loan8 and overdrafts 1.514 72 TANGIBLE FIXED ASSETS Land and bulldSngs freehold Total Cost At 3 February 2023 Addltlons 285,000 51.804 285,000 51,804 At 2 February 2024 336,804 336,804 Not book value At 2 February 2024 336,804 336,804 At 2 February 2023 285,000 285,000 CREDITORS Amounts falllng due wlthln ong year 2024 2023 Bank Loan8 Directors, GuThent accounts AcGruals and deferred Income 18,544 22.200 32.605 27,000 2,605 73,349 29,605 RESERVES 2024 2023 At the beglnnlng of the year Surplus for the flnanclal year 255.855 8.305 249,261 6,594 At the end of the year 264,160 255,855 12
continued Camlough Rovers Football Club IA company limited by guarantee. not having a shar• capital) NOTES TO THE FINANCIAL STATEMENTS for th8 financial year ended 2 February 2024 10. FUNDS 10.1 RECONCILIATION OF MOVEMENT IN FUNDS Unrgstrlrted Funds Total Funds At 3 February 2022 Mov&ment during the )Inanclal year 249.261 6.594 249,261 6,594 Al 2 February 2023 Movement durlng th8 financial year 255,855 8,305 255,855 8,305 At 2 February 2024 264,160 264,160 10.2 ANALYSIS OF MOVEMENTS ON FUNDS Balanco 3 F•bruary 2023 InGom• Expondltur• Transfers between funds Balan¢• 2 Fobruary 2024 Unrostrfctsd funds Camlough Rovers Football Club 255,855 30,968 22,663 264,160 Total funds 255,855 30,968 22,663 264,180 10.3 ANALYSIS OF NET ASSETS BY FUND Flxèd asset8 - charity us8 Curront 4ss0ts Cuffènt Ilabllltles Total Unrestrlcted general fund8 336,804 705 (73,349) 264,160 336,804 705 (73,349) 264,160 11. STATUS The company is limited by guarantee not having 8 Share capital. The liability of the members Is Ilmrted. Every member of the Gompany undertakes to contrlbute to the assets of the company In the event of Its belng wound up whlle thay ar8 members, or wllhin one year thereafter, for the payTnenl of the debts and liabilities of Ihe company contraclod beforo they cgased to bè mernbers, and the costs, charges and expenses of wlndlng up, and for Ihe adjustrnenl of the rights of tho ¢Qlltributorn among themselves, such amount as may be requlred. not exceedlng £ 1. 12. POST-BALANCE SHEET EVENT8 There have been no Slgnlflcant events affectlng the Charfty slnce the financlal year-end. 13