SPORTS ASSOCIATION NEWRY, DOWN AND SOUTH ARMAGH (A Company Limited By Guarantee) REPORT AND FINANCIAL STATEMENTS YEAR ENDED 30TH JUNE 2024 Registered with Charities Commission for Northern Ireland NIC 106704 Company Number Nl 47153 Charity Number XR60559
SPORTS ASSOCIATION NEWRY, DOWTh AND SOUTH ARMAGH YEAR ENDED 30TH JUNE 2024 REPORT AND FINANCIAL STATEMENTS CONTENTS PAGE Le(yal and Administrative Inforn]ation Trustees, Report Independent Examiner's Report Stat¢ment of Financial ActRvities 2024 Comparative Statement of Financial Activities 20?3 Balance Sheet 10 Notes to the Financial Statements 19
SPORTS ASSOCIATION IYEWRY, DOWN AND SOUTH ARMAGH YEAR ENDED 30TH JUNE 2024 TRUSTEES, REPORT (CONTINUED) Registered with Charities Commission for Northern Ireland NIC 106704 Charity Number XR60559 Company Registration Number Nl 047153 Registered Office and Operational Address Newry Leisure Centre 60 Cecil Street Newry BT35 6AU Chairperson Oonagh Murray Honorary Secretary Lawrence Murphy Directors and Trustees: Oonagh Murray Lawrence Murphy Declan McAteer Michael Oweill Thomas Declan Reilly Gareth Sharvin Accountants J H Mcshane & Co, Ulster Bank House, 9 Irish StreeL DownpatricK BT30 6BN Principal Bankers Santander 41-45 Market Street, Downpatrick, BT30 9EA
SPORTS ASSOCIATION NEWRY, DOWN AND SOUTH ARMAGH YEAR ENDED 30TH JUNE 2024 TRUSTEES, REPORT The trustees, who are also the directors of the charity submit their annual report and the financial statements for the year ended 30th June 2024. The charity is a charitable company limited by guarantee and was incorporated in July ?003. Retsistered with Charities Cornmission for Northern treland NIC 106704. Objectives To promote membership and reoistration of SANDSA. To promote, process and administer applications for 'Reco.onition of Achievement for HIJO ] PerfoTmance Levels in Sport., To promote and advance education of those working or volunteerin(T with sportino organisations throuuh the provision of tra7nino mentorino coachin(y resources and by any other charitable means as the directors shall consider appropriate. To Promote the development of amateur Sports and physical actLVIty by the provision, or assistance in the provision. of facilities, training, coachino, forums and other opportunities for the playing of amateur sports incLuding amateur sports and physical activity for disabled people in the area of benefit. To make applications and procure fundincv for sport 2nd physical activity and by that, promote increased levels of health and wellbeintr within the environs of NMDDC and further to ensure that on successful application. all ternis of ndin(Y are adhered to. To create a Strono sportin(Y community base to improve empowement and develop capacity within the NMDDC area and in so doincy make links with NMDDC and other a(Yencies in order to develop partnerships and collaborations. To promote the facilities and services offered by NNfDDC and encouraoe use by SATrfDSA rnembers. To assist with the administration of the annual NMDDCISANDSA Sports Awards Ceremony and to seek fimdincr for same. To promote independent accreditation for Clubs throuoh their Governing Body or Sport Northern Ireland (Clubmark N.1.) Achievements The followin(y courses were offered during the year (twenty tsvo in total) stren.oth & Conditionints in Spor¢ First Aid & Defibrillator Trainino, Nutrition for Sport. Reachin(T Out TIoU{h Sport "Mental Health Course" Safeguardintr Children & Young People in Sport. Disability Sport NI InclusRon Course, how to RecognRse & Treat Concussion in Sport. A total of ?07 people from various sports clubs attended this divers¢ range of generic trainino throu(Fhout the year. Public Benefits The charity has oiven care1 consideration to the Charity Commission for Northern Ireland's guidance on public benefit to ensure that the activities entered into during the year have helped to achieve the charity's objectives and activities as providina public benefit. Membership Membership Guarantee In accordance with the Company's Memorandum of Association each member .uuarantees to contribute up to one pound sterlino (£1 ) to the Charity's debts, liabilities and costs in the event of the Charity beincT wound up and for onc year after ccasino to be a member.
SPORTS ASSOCIATION NEWRY, DOWN AND SOUTH ARMAGH YEAR ENDED 30TH JUNE 2024 TRUSTEES, REPORT Board of Trustees Except as provided othcnvise in the constitution the policy and oeneral manaoement of the charity shall be directed by the Board which shall not be less than five but shall Dot 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 willing to act to be a Trustee. Trustee Induction and Trainino New Trustees are invited to an induction meeting to familiarise themselves with the Charity and the context within which it operates. These are facilitated by the Chairperson and Senior Management Team and cover: The obli(yations of the Board of Trustees" The content of the Articles of Asgociation- The Committee and decisxon-makin(y Current fmancial position. processes- Future plans and objectives. Risk Manaoement and Uneertainties The ultimate responsibility for the manatrement and control of the Charity resides with the Board of Trustees and as such their involvement in the key aspects of the risk manatrement process is essential. particularly Én settino the parameters of the process and in the review and consideration of the results. This should not be interpreted as meanincy that th¢ Board must undertake each aspect of the process themselves. Reserve Policy The charity does not maintain a forn]al reserves policy however the Board of Trustees continue to monitor the level of reserv¢s held by the charity and are satisfied that these are adequate to meet any unforseen expenditure incurred. Governance and Mana<Fement Sports Association Newry, Down and South Arn]agh has appropriate Crovernance sirnctures and procedures in place to ensure correct decision-makiT)g and the implementation of decisions. All or(yanisational chantse initlatives and projects are retsularly reviewed by senior mana(Yement. Operational The Board reco.onises that a sound internal control system that can respond to si.(mificant risks. is embedded in operational aotivitics, is capable of rcactin¢T to external and internal chang¢s and will immediately report major control weaknesses, is a key and essential component of risk manaoement.
SPORTS ASSOCIATION NEWRY, DOWN AND SOUTH ARMAGH YEAR ENDED 30TH JUNE 2024 TRUSTEES, REPORT (CONTINUED) Compliance 2nd Regulation Key controls used by the Charity include: Fonnal a(rendas, minutes and action plans for staff and Board meetings; Comprehensive strate<ric plannin¢y, budcvetints and management accountin<F" Established oroanisational structure, lines of reportino and delecyation duties" Formal written policies and protocols for Human Resources, Finance, Risk Management, Health and Safety etc" Establishment and regular reporting on Key Perfonnance Indicators and tar(yets' Clear authorisation and approval. Goino Concern It is recognised by the Board that the Charity is operating in politically uncertain and flnancially challenointr times and that these conditions will remain for the foreseeable future. The Charity has an excellent management team and very strong people and governance protocols. The trustees are confident that the charity ELas adequate resources to continue in operational existence for the foreseeable future. Accordin¥oly, the Board believe there are no material uncertainties that cast significant doubt on ihe Charity's ability to continue as a goino concern and the financial accounts have have been prepared on that basis. Finantial Review Unrestricted Restricted Funds Funds 2024 2024 Tot21 Funds 2024 Total Funds 2023 Total IncomAno Resources T(ytal Resources Expended Net Incomintr Resources for the Ye2r Net (Outooints) Resources for the Year Net Unrealised (Losses) on Investments Net Unrealised Gains on Investments Transfer From Unrestricted to Restrieted Balance of Funds At Start of Year Balance of Funds At End of Year ?,090 3.037 3,290 3,290 (3,290) (),290) (947) 19.496 16,206 19,496 16,206 ?0,443 19,496
SPORTS ASSOCIATION NEWRY, DOWN AND SOUTH ARMAGH YEAR ENDED 30TH JUNE 2024 TRUSTEES, REPORT (CONTINUED) Retsistered with Charities Commission for Northern Ireland NIC 106704 Charity Number ]I60559 Company Re(Fistration Number N1047153 Re(FiStered Office and Operational Address Newry Leisure Centre 60 Cecil Street Newry BTJ5 6AU Chairperson Oonatrh Murray Honorary Secretary Lawrence Murphy Directors and Trustees: OonaiTh Murray Declan McAteer Lawrence MUhY Michael OTrJeill Thomas Declan Reilly Gareth Sharvin cha1crson Honorary Secretary Account2Jlts J H Mcshane & Co, Ulster Bank House, 9 Irish StreeL Downpatrick, B TJO 6BN Princlpal Bankers Santander 41-45 Market Street, DownpatricL B TJO 9EA
SPORTS ASSOCIATION NEWRY, DONVN AND SOUTH ARMAGH YEAR ENDED 30TH JUNE 2024 TRUSTEES, REPORT (CONTINUED) Statement of Trustees, Responsibilities in Respect of the Financi21 Statements The trnstees (who are also directors of Sports Association Newry, Down and South ATmaoh for the purposes of company law) are responsiblt for preparino the Trustees, Report and the fmancial statements in accordance with applicable law and United Kingdom AccoLmtino Standards {Generally Accepted Accountintr Practice) Company law requires the inLStees to prepare financial statements for each financial year. which give a true and fair view of the state of affairs of the Charitable company and of the incoming resources and application of resources, includincr the income and expenditure, of the charitable Company for that period. In preparintr these fmancial statements, the trustees are required to: I Select suitable accountiTLtr policies and apply them consistently- ? Observe the methods and principles in the Charities SORP 2019 (FRS E O?) . 3 Make judcyements and estimates that are reasonable and prudent" 4 State whether applicable UK Accounting Standards have been followed, subject to any matcrial departures disclosed and explained in the financial statements" 5 Prepare the accounts on the ooino concern basis unless it is inappropriate to presume that the charitable company will continue in operation. The trustees are responsible for keeping adequate accountinG records that disclose with reasonable accuracy at any time the fancIal position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safe.ttuarding the assets of the charitable company and hence for takino reasonable steps for the prevention and detection of fraud and other Irre.(latIes. SmaIl Companies Exemption This report has been prepared in accordance with the special provisions for small companies under part 15 of the companies Act 2006. By Order of the Board Date: li 3 13 Oona(Th Murray Chairperson
SPORTS ASSOCIATION NEWRY, DOWN AND SOUTH ARMAGH INDEPENDENT EXAMINER'S REPORT YEAR ENDED 30TH JUNE 2024 Independent Examiner's Report to the Trustees of Sports Association Newry, Down and Sollth ArJn2gh. We Teport on the accounts of the charity for the year ended 30th June 20?4 which aTe set out on pages 8 to 19. Respective Responsibilities of Trustees 2nd Examiners As the charity's tteeS (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. Havino been satisfied that the charity is not subject to an audit under company law and is elioible 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 general Directions given by the Charity Commission for Northern Lreland under sectIon 65(9)(b) of the Charities Act and State whether particular matters have come to our attention. Basis of Independent Examiner'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 Thith the <veneral Directions uiven by the Charity Commissioner for Nortbern Ireland under section 65(9){b) of the Charities Act. My examination included a review of the accountin(r records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual lten or disclosures in the accounts and seekin¢r explanations from you as charity directorsltrustees concerning such matters. My role is to state whether any material matters have come to our attention giving us cause to believe.. That accounting records were not kept in accordance ThTth section 63 of the chltieS Act; That the accounts do not accord NTrith those accounting records- That the accounts do not comply with the accountin r¢quir¢ments of the Charities Act" That there is further infonnation needed for a proper underst2ndino of the accounts to be reached. Independent Examiner's St2tement I have completed my examination and have no concerns IT) respect of the matters { l ) to (4) listed above and in connection with the following directions of the Charity commission for Northern Ireland. we have found no matters that require drawincF to your attention. John H Mcshane Independent Examiner for and on behalf of J H Mcshane & Co Chartered Accountants 9 Irish Street DOpatrIck Co BT)0 6BN Date:
SPORTS ASSOCIATION NEWRY, DOWIY AND SOUTH ARMAGH YEAR ENDED 30TH JUNE 2024 STATE.MENT OF FINANCL4L ACTIVITIES (Incorporaiing Income and Expenditure Account) Unrestricted Restricted Funds Funds 2024 2024 Total Funds 2024 Total FuDds 2023 NOTE INCOMING RESOURCES DonatlOll5 and Levacies Grants M¢mbership Other Tradinu Activities Trainin(p Fees Fund Raising Events 2,090 Income from Investments Bank Interest Received TOTAL ILNCOME AND ENDOWMELYTS 2,090 EXPENDITURE ON Expenditure on Raisin<v Funds Staff Costs Other Costs Expenditure on Charitable Activities Sraff Costs Other Costs Governance Costs,. Staff Costs Governance Costs. Other Costs 2.690 2,017 600 600 ,020 TOTAL RESOURCES EXPEINDED 3,?90 3,290 3,Oi7 NET INCOME NET (EXPENDITURE) NET REALISED INVESTMENT GAINS NET u,REALISED INVESTMELNT ILOSSES) GAINS TRANSFER FROM UNRESTRICTED TO RESTRICTED NET MOVEMEINT IN FUNDS (3,?90) (3.?90) (947) (J.?90) (3,?90) (947) RECONCILfA TIOII OF FUNDS BALANCE OF FUNDS AT IST JULY 2023 BALANCE OF FUNDS AT 30TH JUNE 2024 19,496 19,496 16,?06 19,496 TOTAL FUNDS 16,?06 19.496
SPORTS ASSOCIATIOTrI NEWRY, DOWN AND SOUTH ARMAGH YEAR ENDED 30TH JUNE 2024 STATEMELNT OF FINANCIAL ACTIVITIES COMPAIUTtVE YEAR ENDED 30TH JUNE 2023 (TncoTpor2tincF Income and Expendirnre Account) Unrestricted Funds 2023 Restricted Funds 2023 Total Funds 2023 NOTE INCOMING RESOURCES Donations and Leoaeies Grdnts Membership Other Tradinv Activities Trainino Fees Donations and Fund Raisincw Events 2,090 2,090 ?,090 2,090 Income from Investments Bank Interest Received TOTAL INCOME ENDOWMENTS EXPENDITURE ON ExpendAture on Rai5ino Funds Staff Costs Other Costs Expenditure on Charitable Activities Staff Costs Othcr Costs GoveTnancc Costs. Staff Costs Governance Costs. Othtr Costs ?,017 2,017 1,020 3,037 TOTAL RESOURCES EXPENDED 3.037 3,037 NET INCOME NET XPENDITURE) NET REALISED INVESTMENT GAINS ,NET UNREALISED INVESTMENT GAINS TRANSFER FROM UNRESTRICTED TO RESTRICTED NET MOVEMENT IN FUNDS (947) (947) (947) (947) RECONCILIATION OF FUNDS BALANCE OF FUNDS AT 1ST JULY 2021 20,443 BALMCE OF FUNDS AT 30TH JUNE 2022 19,496 19,496 TOTAL FUNDS 19.496 19.496
SPORTS ASSOCIATION NEWRY, DOINTh AND SOUTH ARMAGH BALANCE SHEET AS AT 30TH JUNE 2024 2024 2023 NOTE FIXED ASSETS Tanoible Fixed Assets 83 98 98 CURRENT ASSETS Debtors and Prepawients Bank Accounts 18,318 18,i18 22,418 ??,418 CREDITORS- AEDounts Fallinv Due Within One Year Creditors and Accruals 3,020 3,020 2,195 NET CURRENT ASSETS 16,1?3 TOTAL ASSETS LESS CURRENT LIABILITIES 16,206 19,496 CREDITORS; Amounts Fallino Due After One Year io NET ASSETS 16,206 19,496 FUNDS UI¥JRESTRICTED FUNDS 2&13 16,206 19,496 RESTRICTED FUNDS 1?&13 TOTAL FUNDS 19,496 For the year endino )Oth June 2024 the company was entitled to exemption from audit under section 477 of the Companies A¢t 2006 relatincr to small companies. Trustees DirectOTS' responsibilities: The Tnembers have not required the company to obtain an audit of its accounts for the year in question in accordance Trth section 476; The trustees directors acknowledoe rheir responsibilities for compljuno ryth the requirements of the Act with respect to accounting records and the preparation of accounts. These financial statements have been prepared in accordance with the special provisions relatino to companies, subject to the small companies retsime of the companies Act ?006. These Financial Statements were approved by the board of management on the are si.oned on their behalf by= Oonatsh Murray Chairperson Date: al 3 15 io
SPORTS ASSOCIATION NEWRY, DOWN AND SOUTH ARTrUGH YEAR ETr4DED 30TH JUNE 2024 NOTES TO THE FINANCIAL STATEMENTS ACCOUNTING POLICIES ACCOUNTING CONVENTION The principal ac¢ounting policies which have been adopted are set out below. The Charity prepares its accounts in a¢¢ordance with A¢¢ounting and Reportino by Charities= Statement of Re¢omEncnded Praciice applicable lo charities preparin(v their accounts in accordance with the Financial Report?ng Standard applicable in the UK and Republic of Ireland (FRS 10?) the Financial Reporting Standard applicable in the t)K and Republic of Ireland (FRS 102) and the Companies Act 2006. Sports Association Newry, Down and South ArniaJ(F meets the definition of a public benefit entity under FRS I O? Assets and liabilities aTe initially recO.lSed at historical cost or transaction value unlcss othenvise stated in the relevant accountin¥Cr policy notes. GOING CONCERN In March 2020 Tho World Health Organisation declared a global pandemic in relation to Covid-19 and subsequently the UK Governrnent imposed lockdo1 measures. This has had a si.(Tnificant impact on businesses and economic activity around the world. The directors have taken actions lo mitigate the financial impact of the loss of income durtn(T this time. Et is recognised by the Board that tbe Charity is operating in politically uncertain and financially challenoin? times and that these conditions will remain for the foreseeable ture. The Charity bas an cK¢elleni managetnent ieaTn and very stronir people and. overnance protocols. The trustees are confidcnt that the charsty has adequate resources to continue in operational existence for ihe foreseeable future. Accordincrly, the Board believe there are llo material uncertainties thai east si.trnificant doubt on the Charity's ability to continue as a going concern and the financial accounts have have been prepared on that basis. CASH FLOW STATEMENT The charitable company does not include a cash flow statement on the grounds that it is applyin<y FRS102 ScctionlA. DONA TIONS AND GILINTS Income from dotsations and grants. including capital grdnts, is included in in¢orning resources when the charity is le.trally entitled to the income and the amount can be quantified with reasonable accuracy. except as follows. When donors specify thai donations and .mnts [Ven to the charity must be used Tn fucure accountino periods, the income is deferred until those periods. When donors impose conditions which have to be fijlfilled before the charity becomes entitled to use such income, the income is deferred and not included in incomincr resources until the pre-conditions for use have been met. When donors specify that donations and .Thnts, including capital grants, are for particular resirieted purposes which do not amount to pre-conditions reuarding entitlement, this income is included in incoming resources of restricted fvnds when receivable. INTEREST RECEIVABLE Interest is included when receivable by the Charity under investment incotne. REPORTXING CURRENCY The fLnancial statements are stated in GBP (sterlino)
SPORTS ASSOCIATION NEWRY, DOWTr4 AND SOUTH ARMAGH YEAR ENDED 30TH JUNE 2024 NOTES TO THE FINANCIAL STATEMENTS (COINTINUED) ACCOUNTYNC POLICIES (CONTINUED) RESOURCES EXPENDED Rcsources expended are included in the Statement of Financial Actiwities on an accruals basis, inclusive of any VAT which cannot be recovered. Certain expenditure is directly attributablc to specific activities and has been included in those cost ¢atccYories. Certain other costs, which are attributable Lo More than one activity.. are apportioned across cost categories on a basis consistent with the use of resources. TANGIBLE FIXED ASSETS AND DEPRECIATION Tangible Fixed Assets are stated at Cost which comprises the purchase price and any installation char<yes. Depreciation is calculated to write off the cosi of the assets within their useful lives. The methods adopted and rates used are- FIXTURE AND FirrTNGS 15% REDucfNG BALANCE JUDGEMENTS ESTIMATES In the application of the charity's accountinir ? policies the trustees are required to make jud(vements, estimates and assumptions about the carryin(Tr amounts of assets arAd liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that aTe considered to be relevant. Actual results may differ from these estimates. The estimates and assumptions are reviewed on an ongoing basis. The trustees do not consider there are any eritical judoements or source5 of estimation requirintr disclosure. FUND ACCOUNTINC Funds held by the charity are eithcr Unrestricted Generdl Funds_ these are donations, .mnts aTJd other incoming resources receivable or treneTated for the objects of the charity withoui specified puTrose and are available as (Feneral funds and are available to spend at the discretion of the trustees in furtherance of the charitable objectives of the charity. Desi.(mated Funds- these are unrestricted funds earn)arked by the mana(y¢ment conllnittee for particular purposes. Restricted Funds - these are funds that can only be used for particular restricted purposes within the objects of the chartty. Restrictions arise when specified by the donor or when funds are raised for particular restricted puOseS. Expenditu which meet these criteria is charged to the fund. iooethcr with a fair allocation of manaoemeni and support costs. TAL4TION As a re¢pisteFed Charity. the charity benefits from rates ielief. and is exempt from direct tax on its charitable activities but not from VAT. Irecoverable VAT ts irLcluded in the cost of those iterns to which it relates. i?
SPORTS ASSOCIAT10Tr4 NEWRY, DOWN AND SOUTH ARMAGH YEAR ETr4DED 30TH JUNE 20?4 NOTES TO THE FINANCIAL ST A TEMENTS (CONTINUED) ACCOUNTING POLICIES (CONTtNUED) LEGAL STATUS OF THE CHARJTY Thc Charity "Sports Association Newry. DOWTA and South Armagh" is a Company Limited By Guarantee and does not have a share capital. Membership Guaraniee In accordancc with the Company's Memorandum of Association each member wuarantees to contribute up to one pound sterlincF (£1 ) to the Charity's debts, liabilitTes and costs in the event of the Charity beiniy wound up and for one year after ceasing to be a member. FINANCIAL INSTRUMENTS The charity only has financial liabilitie5 of a kind that qualify as basie financial instrurnents. Basic financial instrLunents are nonnally initially reCo.Ased at transaction value and subsequently measured at their settlcment value with the exception of bank loans which are subsequentIy measured at the carryinu value plus accrued inter¢st less repa)Thents. STAFF COSTS AND EMPLOYEE BENEFrrs The average number of persons employed by the eharitable cornpany during the year was NtL. (20?2: NIL) PENSION The charity does not currently opente a pension scbeme. TRUSTEES / DIRECTORS REMU.NE114TION The trustees direetors did not receive any ernoluments during the year ?0?4 Nil (2023 £ Nil) Trustees directors were reimbursed expenses durin(y the year ?0?4 £ Nil (2023 NIL) SUBSEQUENT EVENTS There has been no si.qiificant events affecting the company since the financial year end. FINANCIAL INSTRUMENTS The carrying value of the company's financial assets and liabilities are summarised by catetrory below. FINANCIAL ASSETS Measured at undiscounted amount receivable 2024 2023 Trade Debtors Sundry Debior5 and Prepayments FINANCL4L LL4BILITIES Measured at undiscounted amount payable 2024 2023 Trade Creditors Sundry Creditors and Accruals 3,0?0 2,195 3,0?0 Reserve Policy The chariiy does noi mainiain a fonnal reserves policy however the Board of Trnstees continue to monitor the level of reserves held by che charity and are satisficd that these are adequate to meei any unforescen expenditu Incued. 13
SPORTS ASSOCIA TION NEWRY, DOIKN AND SOUTH ARMAGH YEAR ENDED 30TH JUNE 2024 NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) 2024 2023 2. UNRESTRICTED FUNDS DONATIONS 2024 2023 3 TRAINING 2,090 Training includes income froTn Clubs and Individuals. 4. UNRESTRICTED FUNDS FUND 1141SING EVENTS 14
SPORTS ASSOCIATIOIN NEWRY, Domry AND SOUTH ARMAGH YEAR ENDED 30TH JUNE 2024 NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) 6. FIXED ASSETS UNRESTRICTED RESTRICTED TOTAL F&F Premises F&F COST Balance at 1st July 2023 2.814 2.814 Additions Disposals Balance at 30th June 2024 DEPRECIAT10Tr4 Balance at I st July ?0?3 2.716 2,716 Chare for the Period 15 15 Elimination on Disp05als Balance at 30th June ?024 2,731 2,731 WIUTTEN DOWN VALUE AT 30TH JUNE 2024 83 83 WRIThEN DOWN VALUE AT 30TH JUNE 2024 98 98 16
SPORTS ASSOCIATION NEWRY, DOIVN AND SOUTH ARMAGH YEAR ENDED 30TH JUNE 2024 NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) 2024 2023 7. DEBTORS Trade Debtors Sundry Debtors and PTepaynents 8. BANK AND DEPOSIT AccoifNTS UNRESTRICTED Bank Accounts 18,318 RESTRICTED Bank 18.318 2?,418 TOTAL CASH AT BANK AND AT HAND 18,318 22.418 9. CREDITORS: Amounts Fallino Due Within One Year Trade Creditors Sundry Creditors and Accrnals 2.195 3,020 2.195 3,020 10. CREDITORS: Amounts Fallino Due After One Year Hire Purchase Creditor I I. ACCOUNTANTS, REMUTr4ERATION Fees 600 1,020 600 1.020 17
SPORTS ASSOCIATION NEWRY, DOWN AND SOUTH ARMAGH YEAR ENDED 30TH JiiNE 2024 NOTES TO THE FtNANCIAL STATEMENTS (CONTINUED) 13. RECONCJLIATION AND ANALYSIS OF MOVEMENTS ON THE FUNDS FOR THE YEAR UNRESTRICTED FUNDING RESTRICTED FUNDING TOTAL fNCOM1Tr4G RESOURCES UNRESTRICTED RESTRICTED PROJECTS RESOURCES EXPENDED UNRESTRICTED 3.290 3.290 RESTRICTED PROJECTS NET NCOME (EXPENDITURE) NET ULNREALISED INVESTMENT CAINS TIWNSFER FROM UNRESTIUCTED TO RESTRICTED NET MOVEIIqENT IN FUNDS 3.?90 (3 )90) {) ?90) (3 ?90) (),290) BALANCE AT 1ST JULY 2023 19.496 19,496 BALANCE AT 30TH JUNE 2024 16.?06 16.206 THE FUNDS OF RESTRICTED FUNDS UNRESTRICTED FUNDS Genepal Dt5iyaied Total Unrestrictcd Funds 16206 TOTAL FUNDS OF SPORTS ASSOCIATION NEIVRY, DOIVN AND SOUTH ARMAGH 16.?06