SPORTS ASSOCIATION NEIVRY, DOWN AND SOUTH ARMAGH (A Company Limlted By Guarantee) REPORT AND FINANCIAL STATEMENTS YEAR ENDED 30TH JUNE 2023 Reoistered with Charities Commission for Northern Ireland NIC 106704 Company Number N147153 Charity Number XR605i9
SPORTS ASSOCIATION NEWRY, DOWN AND SOUTH ARMAGH YEAR ENDED 30TH JUNE 2023 REPORT AND FINANCIAL STATEMENTS CONTENTS PAGE Letral and Administrative Inforniation Trustees, Report Independent Examiner's Report Statement of Financial Activities 20?3 Statement of Financial Activities ?0?? Balance Sheet 10 Notes to the Financial Statements 19
SPORTS ASSOCIATION NEWRY, DOWN AND SOUTH ARMAGH YEAR ENDED 30TH JUNE 2023 TRUSTEES, REPORT (CONTINUED) Re(FiStered with Charities Commission for Northern Ireland NIC 106704 Charlty Number XR60559 Company Re(FiStration Number N1047153 Retsistered Offiee and Operational Address Downshire Civic Centre Downshire Estate Ardtrlass Road Downpatrick BT)0 6RA Chairperso Oonaoh Murray Honorary Secretary Lawrence MUhY Directors and Trustees: Oonatrh Murray Lawrence Murphy Declan McAteer Michael O'Neill Thomas Reilly Gareth Sharvin Accountants J H Mcshane & Co. Ulster Bank House, 9 Irish Street, Downpatrick, BTJO 6BN Principal Bankers Santander 41-45 Market Street, Downpatrick, B T30 9EA
SPORTS ASSOCIATION NEINRY, DOWN AND SOUTH ARMAGH YEAR ENDED 30TH JUNE 2023 TRUSTEES, REPORT The trustees, who are also the directors of the charity submit their annual report and the financial statements for the year ended Joth June ?0?" The charity is a charitable company limited by (yuarantee and was incorporated in July 200J. Reoistered with Charities Commission for Northern Ireland NIC 106704. Objectives To promote membership and re(ristration of SANDSA. To promote, process and administer applications for 'Recognition of Achievement for HiJtr ] Perfonnance Le.C1S in Sport., To promote and advance education of those workino or volunteerino with sportinu OraniSatIonS throutth the provision of trainino mentorinis Coachin resources and by any other charitable means as the directors shall consider appropriate. To promote the development of amateur sports and physical activity by the provision, or assistance in the provision, of facilities, trainino coachino forums and other opportunities for the playino of amateur sports includints amateur sports 2nd physical activity for disabled people in the area of benefit. To mak-e applications and procure fundin(r for sport and physical activity and by that, promote increased levels of health and wellbeino within the environs of NMDDC and further to ensure that on successful application, all terms of fundin(r are adhered to. To create a stron LT sportino community base to improve empowernient and develop capacity within the NMDDC area and in so doino make links with NMDDC and other aoencies in order to develop partnerships and collaborations. To promote the fa¢Èlities and services offered by NMDDC and encouraoe use by SANDSA members. To assist with the administration of the annual NMDDC/SANDSA Sports Awards Ceremony and to seek fundin¢y for same. To promote independent accreditation for Clubs throu(Th their GovernincT Body or Sport Northern Ireland (Clubmark N.I.) ¥? Achievements The followin(y courses were offered durino the year (twenty two in total) Strenoth &. Conditionintt in Sport, First Aid & Defibrillator Trainintr, Nutrition for Sport, Reachino Out Throu(Yh Sport "Mental Health Course" Safetruardino Children & Yountr People in Sport, Disability Sport Nl Inclusion Course, how to Recotrnise & Treat Concussion in Sport. A tot21 of ?07 people from various sports clubs attended this diverse ran(ye of oeneric traininu thrOUhoUt the year. Public Benefits The charity has uiven careful consideration to the Charity Commission for Northern Ireland's truidance on public benefit to ensure that the activities entered into durin(r the year have helped to achieTre the charity's objectives and activities as providin¢y public benefit. Membership Membership Guarantee In accordancL Wlth the Company's Memorandum of Association each member tsuarantees to contribute up to on¢ pound sterlin(y (£1) to the Charity's debts, liabilities and costs in the event of the Charity beintr wound up and for one year after ceasino to be a member.
SPORTS ASSOCIATION I¥EWRY, DOWN AI¥D SOUTH ARMAGH YEAR ENDED 30TH JUNE 2023 TRUSTEES, REPORT Board of Trustees Except as provided othenvise in the constitution the policy and (yeneral mana(Tement of the charity shall be directed by the Board which shall not be less than five but shall not be more than twelve (unless three further directors are co-opted under the provisions of article{ 68)). Appointment of Trustees As set out in the Articles of Association, the Charity may by ordinary resolution appoint a person who is willints to act to be a Trustee. Trustee Induction and Trainin New Trustees are invited to an induction meetintr to familiarise themselves with the Charity and the context within which it operates. These are facilitated by the Chairperson and Senior Manaoement Team and cover: The obllisations of the Board of Trustees. The content of the Articles of Association" The Committee and decision-makino ¥ processes. Current financial position- Future plans and objectives. Risk Manauement and Uncertainties The ultimate responsibility for the manaoement and control of the Charity resides with the Board of Trustees and as such their involvement in the key aspects of the risk mana¢yement process is essential, particularly in settin(r the parameters of the process and in the review and consideration of the results. This should not be interpreted as meanin(r that the Board must undertake each aspect of the process themselves. Reserve Policy The charity does not maintain a formal reserves policy however the Board of Trustees continue to monitor the level of reserves held by the charity and are satisfied that these are adequate to meet any unforseen expenditure incurred. Governance 2nd Manat7ement Sports Association Newry, Down and South Arma<Fh has appropriate governance structures and procedures in place to ensure correct decision-makin(r and the implementation of decisions. All or¢yanisational chanoe initiatives and projects are reoularly reviewed by senior manaoement. Operational The Board recotrT]ises that a sound internal control system that can respond to sitrnificant risks: is embedded in operational activities, is capable of reacting to external and internal chaniyes and will immediately report major control weaknesses, is a key and essential component of risk manatsement.
SPORTS ASSOCIATION NEWRY, DOWN AI¥D SOUTH ARMAGH YEAR ENDED 30TH JUNE 2023 TRUSTEES, REPORT (CONTINUED) Compliance and Reuulation Key controls used by the Charity include: Fonnal aoendas, minutes and action plans for staff and Board meetinus; Comprehensive strateIC plannin(y budcTetin(r and manaoement accountiniy" Established oruanisational structure, lines of reportino and deletration duties- Fomial written policies and protocols for Human Resources, Finance, Risk Manaoement, Health and Safety etc; Establishment and reoular reportin(y on Key Perfonnance Indicators and taroets. Clear authorisation and approval. GoinÉF Concern It is recoonised by the Board that the Charity is operatin(r in politically uncertain and financially challenoino times and that these conditions will remain for the foreseeable future. The Charity has an excellent mana¢yement team and very stron(y
people and oovernance protocols. The trustees are confident that the charity has adequate resources to continue in operational existence for the foreseeable future. Accordintruly, the Board believe there are no material uncertainties that cast sionificant doubt on the Charity's ability to contiT]ue as a tsoino concern and the financial accounts have have been prepared on that basis. Financial Review Unrestricted Restricted Funds Funds 2023 2023 Total Funds 2023 Total Funds 2022 Total Incomin(F Resources TotaI Resources Expended Net Incomino Resources for the Year Net {OutoointT) Resources for the Year Net Unrealised (Losses) on Investments Net Unrealised GairAS on Investments Transfer From Unrestricted to Restricted Balance of Funds At Start of Year Balance of Funds AÉ End of Year 2.090 346 (947) (947) (947) ?0,443 19,496 ?0,789 19,84? 19,496
SPORTS ASSOCIATION NEWRY, DOWN AND SOUTH ARMAGH YEAR ENDED 30TH JUNE 2023 TRUSTEES, REPORT (CONTINUED) Re(ristered with Charities Commission for Northern Ireland NIC 106704 Charity Number XR60559 Companv Re(ristration Number N1047153 Re(*istered Office and Operational Address Downshire Civic Centre Downshire Estate Ard(ylass Road Downpatrick BT)0 6RA Chairperson Oonaoh Murray Honorary Secretary Lawrence Murphy Directors 2nd Trustees: Oonaoh Murray Declan McAteer Lawrence Murphy Michael O'Neill Thomas Reilly Gareth Sharvin Chairperson Honorary Secretary Accountants J H Mcshane & Co, Ulster Bank House, 9 Irish StreeL Downpatrick: B T)0 6BN Principal Bankers Santander 41-45 Market StreeL Downpatrick, B TJO 9EA
SPORTS ASSOCIATION NEWRY, DOWN AND SOUTH ARIVL4GH YEAR ENDED 30TH JUNE 2023 TRUSTEES, REPORT (CONTINUED) Statement of Trustees, Responsibilities in Respect of the Financial Statements The trnstees (who are also directors of Sports Association Newry, Down and South Armauh for the purposes of company law) are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accountinu Standards (Generally Accepted Accountiniy Practice) Company law requires the trustees to prepare financial statements for each financial year, which (Five a true and fair view of the state of affairs of the charitable company and of the incomino resources and application of resources, includino the income and expenditure, of the charitable company for that period. In preparirJ45 these fInancial statements, the trustees are required to: I Select suitable accounting policies and apply them consistently- ? Observe the inethods and principles in the Charities SORP ?019 (FRS I O?) . 3 Make judgements and estimates that are reasonable and prndent" 4 State whether applicable UK Accountin(y Standards have been followed, subject to any material departures disclosed and explained in the financial statements. 5 Prepare the accounts on the ooing concern basis unless it is inappropriate to presume that the charitable company will continue in operation. The trustees are responsible for keepin(F adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act ?006. They are also responsible for safe.uuardinLY the assets of the ch2ritable company and hence for takintr reasonable steps for tlie prevention and detection of fraud and other irre.trularities. Small Companies Exemption This report has been prepared in accordance with the special provisions for small companies under part 15 of the companies Act ?006. By Order of the Board Date: l Oth June 20?4 Oonatsh Murray Chaizperson
SPORTS ASSOCIATION NEWRY, DOWN AND SOUTH ARMAGH INDEPENDENT EXAMINER'S REPORT YEAR ENDED 30TH JUNE 2023 Independent Examiner's Report to the Trustees of Sports Association Newry, Down and Soutb Arma(Fh. We report on the accounts of the charity for the year ended 30th June 202) which are set out on pages 8 to 19. Respective Responsibilities of Trustees and Examiners As the charity's trustees (and also the directors of the company for the purpose of company law) you are responsible for the preparation of the accounts in accordance with the Companies Act 2006. Having been satisfied that the charity is not subject to an audit under company law and is eligible for independent examination, it is my responsibility to: Examine the accounts under section 65 of the Charities Act: Follow the procedures laid down in the oeneral Directions tyiven by the Charity Commission for Northern Ireland under section 65(9)(b} of the Charities Act and State whether particular matiers have come to our attention. Basis of Independent ExanAiner's Report I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the iyeneral Directions oiven by the Charity Commissioner for Northern Ireland under section 65(9)(b) of the Charities Acr. My exaTnination included a review of the accountRncT records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seekin¢f explanations from you as charity directorgtrustees concerning such matters. My role is to state whether any material matters have come to our attention oiving us cause to believe: That accountino records were not kept in accordance with section 63 of the charities Act. That the accounts do not accord with those accountin(y records- That the accounts do not comply with the accounting requirements of the Charities Act" That there is further infomiation needed for a proper understandino of the accounts to be reached. Independent Examiner's Statement I have completed my examination and have no concerns in respect of the matters (l ) to (4) listed above and in connection with the followin<F directions of the Charity commission for Northem Ireland, we have found no Fnatters that require drawing to your attention. John H Mcshane Independent Examiner for and on behalf of J H Mcshane & Co Chartered Accountants 9 Irish Sireet Downpatrick Co Down BTJO 6BN Date 10th June ?0?4
SPORTS ASSOCIATION NEWRY, DOWN AND SOUTH ARMAGH YEAR ENDED 30TH JUNE 2023 STATEMENT OF FINANCIAL ACTIVITIES (Incorporatino Income and Expenditure Account) Unrestricted Restricted Funds Funds 202i 2023 Totsl Funds 2023 Total Funds 2022 NOTE INCOMING RESOURCES Donations and Leuacies Grants Membership Other Tr3din(¢ Activities Trainintt Fees Fund Raisinu Events ?.090 2,090 2.090 Income from Investments Bank- Interest Received TOTAL INCOME AND ENDOWMENTS EXPENDITURE ON Expenditure on Raisinu Funds Staff Costs Other Costs Expenditure on Charitable Activities Staff Costs Other Costs Governan¢e Costs: Staff Costs Govemance Costs; Other Costs ?.017 ?,017 I,o?o I,o?o TOTAL RESOURCES EXPENDED NET If4iCOME I ET (EXPENDITURE) NET REALISED INVESTMENT GAINS NET UNREALISED INVESTMEINT (LOSSES) GAINS TRANSFER FROM UNRESTRICTED TO RESTRICTED (947) (947) NET IVIOVEMENT IN FUNDS {947) {947) (346) RECONCILIATION OF FUNDS BALANCE OF FUNDS AT 1ST JULY 2022 20,789 BALANCE OF FUNDS AT 30TH JUNE 2023 19,496 19,496 TOTAL FUNDS 19,496 19,496
SPORTS ASSOCIATION NEWR Y, DOWN AND SOUTH ARMAGH YEAR ENDED 30TH JUNE 2023 STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 30TH JUNE 2022 (Incorporatino Incotne and Expenditure Account) Unrestrieted Funds 2022 Restricted Funds 2022 Total Funds 2022 NOTE INCOMING RESOURCES Donations 2nd Lea¢leS Grants Membership Other Tradin<F Activities Trainintr Fees Donations and Fund Raisin(y Events Income from Investments Bank Interest Received TOTAL INCOME AND ENDOWMENTS EXPENDITURE ON Expenditure on R2isinu FuJAds Staff Costs Other Costs Expenditure on Charitable Activities Staff Costs Other Costs Governance Costs; Staff Costs Governance Costs" Other Costs ?0 j?6 TOTAL RESOURCES EXPENDED NET INCOME NET (EXPENDITURE) NET REALISED INVESTMENT GAINS NET UNREALISED INVESTMENT GAINS TIL4NSFER FROM UNRESTRICTED TO RESTRICTED NET MOVEMENT IN FUNDS RECONCILIA TIOIN OF FUNDS BALANCE OF FUNDS AT 1ST JULY 2021 ?0,789 BALANCE OF FUNDS AT 30TH JUNE 2022 TOTAL FUNDS ?0.44i
SPORTS ASSOCIATION NEWRY, DOIIIN AND SOUTH ARMAGH BALANCE SHEET AS .4T 30TH JUNE 2023 202) 2022 NOTE FIXED .4SSETS Taniyible Fixed Assets 98 98 115 115 CURRENT ASSETS Debtors and PrepJJinents Bank AccoLints ??,418 ?1,014 CREDITORS. Amounts Fallino Dt Within One Year Creditors and Accruals 3,0?0 3,0?0 686 686 NET CURRENT ASSETS 19,398 ?0,3?8 TOTAL ASSETS LESS CURRENT LTABILITIES 19,496 CREDITORS. Amounts Fallints Due After One Year io NET ASSETS 19,496 FUNDS UNRESTRICTED FUNDS 12&13 19,496 RESTRICTED FUNDS TOTAL FUNDS 19,496 ?0,44) For tlie year endino ioth June 20?) the company was entitled to exemption from audit under section 477 of tlie Companies Act ?006 relalinG to small Companies. Trustees Directors, responsibilities-. The members have not required rhe company fo obtain an audit of its a¢counts for the year in question in accordance witli section 476,. The trustees directors acknowled(te their responsibilities for complyino with the requirements of the Act with respect to accountintr records and the preparation olaccounts. These financial statements have been prepared in accoTdance with the special provisions relatino to companies, subject to the sinall companies regime of the companies Act ?006. These Financial Stateinents were approved by the board of management on the l Oth June ?0?4 and are Sied on their behalf by: Date-. 10th JuDe ?0?4 urray Chairperson
SPORTS ASSOCIATIOTrI NEWRY, DOWN AND SOUTH ARMAGH YEAR ENDED 30TH JUNE 2023 NOTES TO THE FINANCIAL STATEMENTS ACCOUNTING POLICIES ACCOUNTING CONVENTION The principal accountino policies which have been adopted are set out below. The ChaTity prepares its accounts in accordance with A¢countin(* and Reportino by Charities- Statement of Recommended Practice applicable to charities preparincr their accounts in accordance with the Financial Reportinrj Standard applicable in the UK and Republic of Ireland (FRS I O?) the Financial Reportintr Standard applicable in the UK and Republic of Ireland {FRS 102) and the Companies Act ?006. Sports Asso¢iation Newry, Down and South Arn]agh meets the definition of a public benefit entity under FRS I O? Assets and liabilities are initially reColSed at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. GOING CONCERN In March ?O?O The World Health Or(Fanisation declared a olobal pandemic in relation to CovTd-19 and subsequently the UK Government imposed lockdown measures. This has had a si.(mificant impact on businesses and economic activity around the world. The directors have taken actions to miti(yate the financial impact of the loss of income durinu this time. It is reco.Tiised by the Board that the Charity is operatino in politically uncertain and financially challentrints times and that these conditions will remain for the foreseeable future. The Charity has an excellent manaoement team and very strong people and oovernance protocols. The trustees are confident that the charity has adequate resources to continue in operational existence for the foreseeable future. Accordino¥ly. the Board believe there are no material uncertainties that cast si.onifi¢ant doubt on the Charity's ability to continue &$ a ooing concern and the financial accounts have have been prepared on that basis. CASH FLOW STATEMENT The charitable coinpany does not include a cash flow statement on the orounds that it is applyincr FRSIO? Se¢tionlA. DONATIONS AND GRANTS Income from donations and orants, Tncludino capital trrants, is included in incomino resources when the charit! is leiyally entitled to the income and the amount can be quantified with reasonable accuracy. except as follows" When donors specify that donations and Lyants oiven to the charity must be used in future accountino periods, the income is deferred until those pertods. When donors impose conditions which have to be fulfilled before the charity becomes entitled to ust such income, the income is deferred and not included in incomin¢F resources until the pre-conditions for use have been met. When donors specify that donations and (vrants, Includinfj capital yants, are for particular restricted purposes which do not amount to pre-conditions regardino entitlement, this income is included in incomin(r resources of restricted funds when receivable. INTEREST RECEIVABLE Interest is included when receivable by the charity under investment income. REPORTING CURRENCY The financial statements are stated in GBP (sterling)
SPORTS ASSOCIATION NEWRY, DOWN AIND SOUTH ARMAGH YEAR ENDED 30TH JUNE 2023 NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) ACCOUNTING POLICIES (CONTINUED) RESOURCES EXPENDED Resources expended are included in the StateTnent of Financial Activities on an accruals basis, inclusive of any VAT which cannot be recovered. Certain expenditure is directly attributable to specific activities and has been included in those cost cateoories. Certain other costs. which are attributable to more than one activity. are apportioned across cost cateoories on a basis consistent with the use of resources. TANGIBLE FIXED ASSETS AND DEPRECIA TION Tanoible Fixed Assets are stated at cost whieh compTises the purchase price and any installation charges. Depreciation is calculated to v/rite off the cost of the assets within their useful lives. The methods adopted and rates used are= FIXTURE AND FITTtNGS 15 % REDUCtNG BALANCE JUDGEMENTS ESTIMATES In the application of the charity's accountino ¥ policies the trustees are required to make judtrements: estimates and assumptions about the carryino amounts of assets and liabilities that are not readily apparent from other sources. The estimates and SoCiated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and assumptions are reviewed on an onooino basis. The trustees do not consider there are any critical judcpements or sources of estimation requiring disclosure. FUND ACCOUNTING Funds held by the charity are either= UnTestricted General Funds - these are donations. <yrants and other incomino resources receivable or generated for the objects of the charity without specified purpose and are available as oeneral funds and are available to spend at the discretion of the trustees in furtherance of the charitable objectives of the charity- DeS1.nated Funds - these are unrestricted funds eamiaTked by the mana(rement committee for particular purposes. Restricted Funds - these are funds that can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Expenditure which meet these criteria is charoed to the fund: totsether with a fair allocation of manLtyement and support costs. TAXATION As a register¢d charity, the charity benefits from rates relief, and is exempt from direct tax on its charitable activities but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates.
SPORTS ASSOCJATION NEWRY, DOWN AND SOUTH ARMAGH YEAR ENDED 30TH JUNE 2023 NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) ACCOUNTING POLICIES (CONTINUED) LEGAL STATUS OF THE CHARITY The Charity "Sports Association Newry, Down and South AnnaJo is a Company Limited By Guarantee and does not have a share capital. Membership Guarantee In accordance with the Company's Memorandum of Association each member ouarantees to contribute up to one pound sterlino (£1 ) to the Charity's debts, liabilities and costs in the event of the Charity beinu wound up and for one year after ceasino to be a membeT. FINANCIAL INSTRUMENTS The ch&rity only has financial liabilities of a Lind that qualify &$ basic financial instruments. Basi¢ financial instruments are normally initially reco.<mised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently meagured at the carryiniF value plus accrued interest less Tepayments. STAFF COSTS AND EMPLOYEE BENEFITS The averL(re number of persons employed by the charitable company durino the year was NIL. (?0??: NIL) PENSION The charity does not CUentlY operate a pension scheme. TRUSTEES / DIRECTORS REMUNERATION The trustees directors did not receive any eynoluments duriT)4y the year ?0?) Nil {?0?? £ Nil) Trustees directors were reiTnbursed expenses durino the year ?0?) £ Nil (?0?? NIL) SUBSEQUENT EVENTS There has been no significant events affectino the company since the financial year end. FINANCIAL INSTRUMENTS The caryino value of the company's financial assets and liabilities are summarised by catecrory below- FINANCIAL ASSETS 2023 Measured at undiscounted amount receivable 2022 Trade Debtors Sundry Debtors and Prepayments FINANCIAL LIABILITIES Measured at undiscounted amount payable 2023 2022 Trade Creditors Sundry Creditors and Accruals 686 686 Reserve Policy The charity does not Tnaintain a fornial reserves policy however the Board of Trustees continue to monitor the level of reserves held by the charity and art satisfied that these are adequate to meet any unforeseen expenditure incurred.
SPORTS ASSOCIATION NEWRY, DOWN AND SOUTH ARMAGH YEAR ENDED 30TH JUNE 2023 NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) 2023 2022 2. UNsTRICTED FUNDS DONATIONS As a result of Covid-19, the (yovemment's imposed lockdoN1 and the economic uncertainty the charity had seen a substantial reduction in donations received in 2021 but thankfully donations have increased in ?0?? and ?0?" 2023 2022 3 TRAINING Trainino includes income from Clubs and Individuals. 4. UNRESTRtCTED FUNDS FUND IL4ISING EVENTS 14
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SPORTS ASSOCIATION NEWRY, DOWN AND SOUTH ARMAGH YEAR ENDED 30TH JUNE 20?3 NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) 6. FIXED ASSETS UNRESTRICTED RESTRICTED TOTAL F&F Premises F&F COST Balance at I st July ?0?? 2,814 ?,814 Additions Disposals Balance at Joth June ?O?- 2.814 DEPRECIATION Balance at 1st July 202? ?,699 Char(ye for the Period 17 17 Elimination on Disposals Balance at Joth June 2023 WRITTEN DOWN VALUE AT 30TH JUNE 2023 98 98 WRITTEN DOWN VALUE AT 30TH JUNE 2022 115 115
SPORTS ASSOCIATKON NEWRY, DOWN AND SOUTH ARMAGH YEAR ENDED 30TH JUNE ?023 NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) 2023 2022 7. DEBTORS Trade Debtors Sundry Debtors and Prepayments 8. BANK AND DEPOSIT ACCOUNTS UNRESTRICTED Bank Accounts 2?,418 ?1,014 22,418 21,014 RESTRICTED Bank TOTAL CASH AT BANK AND AT HAND 22,418 ?1,014 9. CREDITORS: Amounts Fallinq Due WithiD One Year Trade Creditors Sundry Creditors and Accruals 686 i,O?O 686 10. CREDITORS: Amounts Fallina Due After One Year Hire Purchase Creditor 11. ACCOUNTANTS, REMUNEIL4TION Fees i.o?0 1,020 17
SPORTS ASSOCIATION NEWRY, DOWN AND SOUTH ARMAGH YEAR ENDED 30TH JUNE 2023 NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) 12. THE NET ASSETS AT THE 30TH JUNE 2023 UNRESTRICTED RESTIUCTED FUNDING FUNDING TOTAL Note FIXED ASSETS 98 98 CURRETrIT ASSETS Debtors and Prepayments Owed by Inter Divisions Cash on Hand and at Bank ??.418 2?,418 ??,418 CREDITORS . Amounts FallinG Due Witbin ODe Year Owed to Inter Divisions Creditors and Accruals 3,0?0 CREDITORS . Amounts F211ints Due After One Year Creditors and Accruals 10 NET ASSETS 19,496 19,496 18
SPORTS ASSOCtATION NEWRY, DOWN AND SOUTH ARfvL4GH YE..XR ENDED 30TH JUINE 2023 YOTES TO THE FINANCIAL STATEMENTS (CONTINUED) 13. REC0Tr4CILIATION AND.4NALYSIS OF MOVEMENTS ON THE FUNDS FOR THE YEAR UNRESTIUCTED RESTRICTED FUNDING FUNDING TOTAL INCO.WING RESOURCES UYRESTRICTED RESTRICTED PROJECTS ?,090 RESOURCES EIPENDED UNRESTRICTED 3.037 RESTRICTED PROJECTS NET INCOME {EXPENDITURE} NET IINREilLISED INVESTMENT GAINS TIUNSFER FROM UNRESTIUCTED TO RESTIUCTED NET NIOVE.MENT IN, FUNDS (947) (947) (947> (947) BALANCE AT 1ST JULY 2022 B.ILANCE A T 30TH JUNE ?023 19.496 19.496 THE FUNDS OF RESTRICTED FU,Ds LFNRESTRICTED FUNDS General Desi£nat¢d Total Unrestricted Funds 19.496 19.496 TOT..IL FUNDS OF SPORTS ASSOCI.4TIOiN INEWRI., DOWN AND SOUTH ARIWL4GH 19.496