2025-06-30-annual-report - Sports Association Newry, Down and South Armagh

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SPORTS ASSOCIATION NEWRY, DOWN AND SOUTH ARMAGH

(& Company Limited By Guarantee)

REPORT AND FINANCIAL STATEMENTS

YEAR ENDED 30TH JUNE 2025

Registered with Charities Commission for Northern Ireland NIC 106704

Company Number NI 47153 Charity Number XR60559

SPORTS ASSOCIATION NEWRY, DOWN AND SOUTH ARMAGH

YEAR ENDED 30TH JUNE 2025

REPORT AND FINANCIAL STATEMENTS

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|||||| |---|---|---|---|---| |PAGE| |CONTENTS| |Legal and Administrative|Information|1| |2-7| |Trustees’|Report| |Independent Examiner's Report|g| |Statement of Financial Activities 2025|9| |Comparative|Statement of|Financial Activities 2024|10|—| |11| |Balance|Sheet| |Notes to the Financial Statements|12|-|20|

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SPORTS ASSOCIATION NEWRY, DOWN AND SOUTH ARMAGH YEAR ENDED 30TH JUNE 2025 TRUSTEES’ REPORT

Registered with Charities Commission for Northern Ireland NIC 106704 Charity Number XR60559 Company Registration Number NI 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 O'Neill Thomas Declan Reilly Gareth Sharvin James Kirk Elena Martin Tierna Howie Michael Rice Jonathan Jackson

Accountants JW McShane & Co, Ulster Bank House, 9 Irish Street, Downpatrick, BT30 6BN Principal Bankers Santander 41-45 Market Street, Downpatrick, BT30 9EA

SPORTS ASSOCIATION NEWRY, DOWN AND SOUTH ARMAGH YEAR ENDED 30TH JUNE 2025 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 2025. The charity is a charitable company limited by guarantee and was incorporated in July 2003. Registered with Charities Commission for Northern Ireland NIC 106704.

Objectives To promote membership and registration of SANDSA. To promote, process and administer applications for “Recognition of Achievement for High Performance LevelsTo promote andin Sport.’ advance education of those working or volunteering with sporting organisations through the provision of training, mentoring, coaching, resources and by any other charitable means as the directors shall consider appropriate. To promote the development ofamateur sports and physical activity by the provision, Or assistance in the provision, of facilities, training, coaching, 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 funding for sport and physical activity and by that, promote increased levels of health and wellbeing within the environs ofNMDDC and further to ensure that on successful application, all terms of funding are adhered to. To create a strong sporting community base to improve empowerment and develop capacity within the NMDDC area and in so doing, make links with NMDDC and other agencies in order to develop partnerships and collaborations. To promote the facilities and services offered by NMDDC and encourage use by SANDSA members. To assist with the administration of the annual NMDDC/SANDSA Sports Awards Ceremony and to Toseek promotefunding independentfor same. accreditation for Clubs through their Goveming Body or Sport Northern Ireland (Clubmark N.1.)

Newry,Achievements Moume and Down District Council, in partnership with the Sports Association Newry, Down and South Armagh (SANDSA), proudly welcomed over 200 guests to the Canal Court Hotel, Newry, on Friday, March 14th for the NMD Sports Awards. This special event recognised the outstanding achievements of athletes, teams and individuals who have made a significant impact on sport across the district in 2024. It also celebrated the dedication of coaches, volunteers and mentors who play a vital role in supporting our local sports community and promoting an active, healthy lifestyle in the Newry, Mourne and Down Council area. Awards were presented across both Junior and Senior categories, including Team of the Year, Sports Volunteer of the Year, Club Coach of the Year and Sportsperson of the Year. Additional awards included Sportsperson/Team of the Year with a Disability and the Lifetime Services to Sport award. With countless outstanding sporting achievements across the district in 2024, the competition for this year's award categories was exceptionally strong. The awards ceremony was hosted by renowned sports presenter Thomas Niblock, adding to the excitement of the evening. Former Northern Ireland international soccer legend Gerry Armstrong also attended as a special guest, taking part in an engaging Q&A session with Thomas, where he shared insights from his remarkable career and experiences in the world of sport.

SPORTS ASSOCIATION NEWRY, DOWN AND SOUTH ARMAGH YEAR ENDED 30TH JUNE 2025 TRUSTEES' REPORT

SANDSA Chairperson, Oonagh Murray, added, "It is an honour to be part of these awards and to celebrate those who are truly committed to sport in our district. Each nominee has demonstrated remarkable dedication and their achievements deserve to be recognised. We wish them continued success as they inspire others through their passion and commitment."

The Review of SANDSA Under the then Council’s draft “A Sport and Physical Activity Strategy” Theme 2, Strategic Actions, Point 3, the Council were requested to review its role, structure, and operation with SANDSA. Consequently, the Council felt they needed to give the SANDSA Executive an insight to what’s provisionally planned ahead. As a result, a meeting was to proposed to review SANDSA and the Councils involvement. During the SANDSA meeting on Tuesday 1 October 2024, in the Canal Court, Newry, the SANDSA committee debated and discussed the following three options: 1. Let the ‘existing state’ remain 2. Decide on a new structure (Executive & DEA’s representation) 3. SANDSA dissolution (‘striking off) removing it from the registrar of companies (Companies House)

The committee decided on option 2 (highlighted above).

Unfortunately, the decision taken to decide on a new structure didn’t develop within SANDSA. Asa result, the SANDSA Executive will be recalled before the end of 2025 to decide on the future of SANDSA and the way forward. PublicThe charityBenefits has given careful 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 providing public benefit. Membership MembershipIn accordanceGuarantee. with the Company's Memorandum of Association each member guarantees to contribute; up to one pound sterling (£1) to the Charity's debts, liabilities and costs in the event of the Charity being wound up and for one year after ceasing to be a member.

TRUSTEES' REPORT

SPORTS ASSOCIATION NEWRY, DOWN AND SOUTH ARMAGH

YEAR ENDED 30TH JUNE 2025

Board of Trustees

Except as provided otherwise in the constitution the policy and general management 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 willing to act to be a Trustee.

Trustee Induction and Training 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 obligations of the Board of Trustees; - The content of the Articles of Association; - The Committee and decision-making processes, - Current financial position; - Future plans and objectives.

Risk Management and Uncertainties The ultimate responsibility for the management and control of the Charity resides with the Board of Trustees and as such their involvement in the key aspects of the risk management process is essential, particularly in setting the parameters of the process and in the review and consideration of the results. This should not be interpreted as meaning that the Board must undertake each aspect of the process themselves.

ReserveThe charityPolicydoes 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.

GovernanceSports Associationand Management Newry, Down and South Armagh has appropriate governance structures and procedures in place to ensure correct decision-making and the implementation of decisions. All organisational change initiatives and projects are regularly reviewed by senior management.

TheOperational Board recognises that a sound internal control system that can respond to significant risks, is embedded in operational activities, is capable of reacting to external and internal changes and will immediately report major control weaknesses, is a key and essential component of risk management.

SPORTS ASSOCIATION NEWRY, DOWN AND SOUTH ARMAGH YEAR ENDED 30TH JUNE 2625

TRUSTEES' REPORT

Compliance and Regulation

Key controls used by the Charity include:

Formal agendas, minutes and action plans for staff and Board meetings;
- Comprehensive strategic planning, budgeting and management accounting; - Established organisational structure, lines of reporting and delegation duties; - Formal written policies and protocols for Human Resources, Finance, Risk Management, Health and Safety etc;
- Establishment and regular reporting on Key Performance Indicators and targets; - Clear authorisation and approval.

Going Concern

It is recognised by the Board that the Charity is operating in politically uncertain and financially challenging 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 has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the Board believe there are no material uncertainties that cast significant doubt on the Charity’s ability to continue as a going concern and the financial accounts have have been prepared on that basis.

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||||||||| |---|---|---|---|---|---|---|---| |Financial|Review| |Unrestricted|Restricted|Total|Total| |Funds|Funds|Funds|Funds| |2025|2025|2025|2024| |£|£|£|£| |Total|Incoming Resources|-|-|-|-| |TotalNet Incoming ResourcesResources Expendedfor the Year|5914-|-|STA-|8290-| |Net (Outgoing) Resources for the Year|(5,914)|-|(5,914)-|(3,290-| |NetNetTransfer UnrealisedUnrealised From|GLosses)GainsUnrestrictedononInvestmentsInvestmentsto|Restricted|--|-|---|--|--| |Balance of|Funds At Start of|Year|16206|16206|NE| |Balance of|Funds At End of|Year|10,292|10,292|NE|

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SPORTS ASSOCIATION NEWRY, DOWN AND SOUTH ARMAGH YEAR ENDED 30TH JUNE 2025 TRUSTEES' REPORT

Registeredwith CharitiesCommission forNorthern IrelandNIC 106704 CharityNumber XR60559 CompanyRegistrationNumber NI047153	Registeredwith CharitiesCommission forNorthern IrelandNIC 106704 CharityNumber XR60559 CompanyRegistrationNumber NI047153	Registeredwith CharitiesCommission forNorthern IrelandNIC 106704 CharityNumber XR60559 CompanyRegistrationNumber NI047153
Registered Officeand OperationalAddress Newry Leisure Centre
	60 Cecil Street
	Newry
	BT35 6AU
Chairperson	OonaghMurray
Honorary Secretary	Lawrence Murphy
Directors and Trustees:	OonaghMurray Lawrence Murphy	Chairperson Honorary Secretary
	Declan McAteer
	Michael O'Neill
	Thomas Declan Reilly
	Gareth Sharvin
	James Kirk
	Elena Martin
	Tiema Howie
	Michael Rice
	Jonathan Jackson
Accountants	JHMcShane& Co,	UlsterBankHouse, 9 Irish Street,
	Downpatrick, BT30	6BN
PrincipalBankers	Santander 41-45MarketStreet,Downpatrick,BT309EA

;

SPORTS ASSOCIATION NEWRY, DOWN AND SOUTH ARMAGH YEAR ENDED 30TH JUNE 2025 TRUSTEES' REPORT

Statement of Trustees' Responsibilities in Respect of the Financial Statements

The trustees (who are also directors of Sports Association Newry, Down and South Armagh 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 Accounting Standards (Generally Accepted Accounting Practice)

Company law requires the trustees 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, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

1 Select suitable accounting policies and apply them consistently;
2 Observe the methods and principles in the Charities SORP (RS 102) ;
3 Make judgements and estimates that are reasonable and prudent; 4 State whether applicable UK. Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
5 Prepare the accounts on the going 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 financial 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 safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Smali 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

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Oonagh Murray Chairperson

SPORTS ASSOCIATION NEWRY, DOWN AND SOUTH ARMAGH

INDEPENDENT EXAMINER'S REPORT

YEAR ENDED 30TH JUNE 2025

Independent Examiner's Report to the Trustees of SpOrts Association Newry, Down and South Armagh. We report on the accounts of the charity for the year ended 30th June 2025 which are set out on pages 9 to 20.

'Respective Responsibilities of Trustees and Examiners As the charity's trustees (and also the directors of the company for the purpose of company Jaw) 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 general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act and State whether particular matters have come to our attention.

BasisI have examinedof Independent your charity Examiner's accountsReportas required under section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commissioner for Northen Ireland under section 65(9)(b) of the Charities Act. My examination included a review of the accounting 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 seeking explanations from you as charity directors/trustees 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 with section 63 of the charities Act; That the accounts do not accord with those accounting records; That the accounts do not comply with the accounting requirements of the Charities Act; That there is further information needed for a proper understanding of the accounts to be reached.

Independent Examiner's Statement Ihave completed my examination and have no concerns in respect of the matters (1) 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 drawing to your attention.

) John H McShane Independent Examiner for and on behalf of J H McShane & Co Chartered Accountants 9 Irish Street Downpatrick Co Down BT30 6BN ate: / Date: FFAykowJe—zo2=——

SPORTS ASSOCIATION NEWRY, DOWN AND SOUTH ARMAGH YEAR ENDED 30TH JUNE 2025

STATEMENT OF FINANCIAL ACTIVITIES (Incorporating Income and Expenditure Income and Expenditure and Expenditure Expenditure Account)

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||||||||| |---|---|---|---|---|---|---|---| |(Incorporating Income and Expenditure Income and Expenditure and Expenditure Expenditure|Account)|Unrestricted|Restricted|Total|Total| |Funds|Funds|Funds|Funds| |2025|2025|2025|2024| |NOTE|£|é|£|£| |INCOMING|RESOURCES| |DonationsGrantsMembershipand|Legacies|--|-|--|--| |Other Trading|Activities|-|-|-| |FundTrainingRaisingFees|Events|--|-|-|=| |Income|from|Investments|=|| |=|| |Bank|Interest|Received|=| |TOTAL INCOME AND ENDOWMENTS|~|-|a| |EXPENDITURE ON|5| |ExpenditureStaff Costs|on|Raising|Funds|-|-|-|-| |=|-|oe| |Other|Costs| |Expenditure.onStaff Costs|Charitable|Activities|-|-|-|-| |OtherGovernanceGovernance Costs|Costs;Costs;|StaffOther Costs Costs|5,104810-|---|5,104810-|2,690600-| |5,914|-|5,914|3,290| |TOTAL RESOURCES EXPENDED|5,914|>|5,914|3290| |NET|INCOME|-|-|-|.| |NET (EXPENDITURE)|(5,914)|--|(5,914)-|(3,290)-| |NET REALISED|INVESTMENT|GAINS|-|-|-| |NET UNREALISED INVESTMENT|(LOSSES) GAINS|-|-|-|-| |TRANSFER FROM UNRESTRICTED TO RESTRICTED|-|-| |NET MOVEMENT IN FUNDS|(5,914)|-|(5,914)|(3,290)| |RECONCILIATIONBALANCE OF FUNDSOF AT FUNDS 1ST JULY 2024|16,206|-|16,206|19,496| |BALANCE OF FUNDS AT 30TH JUNE 2025|~|[10,2920]|_|___10,292| 16,206 _| |TOTAL FUNDS|552.|1292|_16,208|

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SPORTS ASSOCIATION NEWRY, DOWN AND SOUTH ARMAGH YEAR ENDED 30TH JUNE 2025

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|||||||| |---|---|---|---|---|---|---| |STATEMENT|OF FINANCIAL ACTIVITIES| |COMPARATIVE YEAR ENDED 30TH JUNE 2024|Unrestricted|Restricted|Total| |(Incorporating Income and Expenditure Account)|Funds|Funds|Funds| |2024|2024|2024| |NOTE|£|£|£| |INCOMING|RESOURCES| |DonationsMembershipGrantsand|Legacies|--|--|--| |Other|Trading|Activities|-|-|-| |TrainingDonationsFeesand Fund|Raising|Events|=|-|-| |IncomeBankfromInterestInvestmentsReceived|-|-|>| |TOTAL INCOME AND ENDOWMENTS|-|-|-| |EXPENDITURE ON|5| |ExpenditureStaffOther CostsCosts|on|Raising Funds|--|--|--| |-| |ExpenditureStaff Costs|on|Charitable|Activities|-|-|-| |OtherGovernance Costs|Costs;|Staff Costs|2,690-|--|2,690-| |Governance Costs;|Other Costs|600|-|600| |3,290|-|3,290| |TOTAL RESOURCES EXPENDED|3,290|-|3,290| |NET|INCOME|-|-|-| |NET (EXPENDITURE)|(3,290)|-|(3,290)-| |NETNET REALISED UNREALISEDINVESTMENT INVESTMENTGAINSGAINS|--|--|-| |TRANSFER FROM UNRESTRICTED TO RESTRICTED|-|-|-| |NET MOVEMENT IN FUNDS|(3,290)|-|(3,290)| |RECONCILIATION|OF FUNDS| |BALANCE OF FUNDS AT IST JULY 2023|19,496|-|19,496| |BALANCE OF FUNDS AT 30TH JUNE 2024|16,206|-|16,206| |TOTAL FUNDS|16,206|-|16,206|

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SPORTS ASSOCIATION NEWRY, DOWN AND SOUTH ARMAGH

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|||||||| |---|---|---|---|---|---|---| |BALANCE|SHEET| |AS AT 30TH JUNE 2025|2025|2024| |NOTE|£|£| |FIXED|ASSETS| |Tangible Fixed Assets|6|71|83| |71|83| |CURRENT|ASSETS| |Debtors|and Prepayments|7|-|-| |Bank Accounts|8|13,341|18,318| |CREDITORS;|Amounts|Falling Due Within|One Year| |Creditors|and|Accruals|9|3,120|2,195| |3,120|2,195| |NET CURRENT ASSETS|10,221|16,123| |TOTAL ASSETS|LESS CURRENT|LIABILITIES|10,292|16,206| |CREDITORS;|Amounts|Falling Due After|One Year|10|-|-| |NET ASSETS|10,292|16,206| |FUNDS|€|£| |UNRESTRICTED|FUNDS|12 &13|10,292|16,206| |RESTRICTED|FUNDS|12 &|13|-|-| |TOTAL FUNDS|10,292|16,206|

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For the year ending 30th June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Trustees Directors’ responsibilities: ° The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; : The trustees directors acknowledge their responsibilities for complying with 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 relating to companies’ subject to the small companies regime of the companies Act 2006. a These Financial Statements were approved by the board of management on ne iLoA 20 are signed on their behalf by: Oonagh( lon 3Metray:m {A VY.Me a J Date: 7 &tAtA Lo eerLe-[[ZL]] Chairperson 11

Date: 7 &tAtA Lo eerLe-[[ZL]]

SPORTS ASSOCIATION NEWRY, DOWN AND SOUTH ARMAGH YEAR ENDED 30TH JUNE 2025 NOTES TO THE FINANCIAL STATEMENTS

1. ACCOUNTING POLICIES

ACCOUNTING CONVENTION

The principal accounting policies which have been adopted are set out below.

The Charity prepares its accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Sports Association Newry, Down and South Armagh meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

GOING CONCERN

CASH FLOW STATEMENT

The charitable company does not include a cash flow statement on the grounds that it is applying FRS102 SectionlA.

DONATIONS AND GRANTS

Income from donations and grants, including capital grants, is included in incoming resources when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy, except as follows;

When donors specify that donations and grants given to the charity must be used in future accounting periods, the income is deferred until those periods. When donors impose conditions which have to be fulfilled before the charity becomes entitled to use such income, the income is deferred and not included in incoming resources until the pre-conditions for use have been met. When donors specify that donations and grants, including capital grants, are for particular restricted purposes which do not amount to pre-conditions regarding entitlement, this income is included in incoming 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 AND SOUTH ARMAGH YEAR ENDED 30TH JUNE 2025 NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

ACCOUNTING POLICIES (CONTINUED)

RESOURCES EXPENDED Resources expended are included in the Statement 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 categories. Certain other costs, which are attributable to 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 charges.

Depreciation is calculated to write off the cost of the assets within their useful lives. The methods adopted and rates used are:

FIXTURE AND FITTINGS

15% REDUCING BALANCE

JUDGEMENTS ESTIMATES

In the application of the charity's accounting policies the trustees are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated 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 ongoing basis. The trustees do not consider there are any critical judgements or sources of estimation requiring disclosure.

FUND ACCOUNTING

Funds held by the charity are either:

Unrestricted General Funds - these are donations, grants and other incoming resources receivable or generated for the objects of the charity without specified purpose and are available as general funds and are available to spend at the discretion of the trustees in furtherance of the charitable objectives of the charity.

Designated Funds - these are unrestricted funds earmarked by the management 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 charged to the fund, together with a fair allocation of management and support costs.

TAXATION As a registered 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 iterns to which it relates.

SPORTS ASSOCIATION NEWRY, DOWN AND SOUTH ARMAGH YEAR ENDED 30TH JUNE 2025 NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

ACCOUNTING POLICIES (CONTINUED)

LEGAL STATUS OF THE CHARITY The Charity "Sports Association Newry, Down and South Armagh" 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 guarantees to contribute up to one pound sterling (£1) to the Charity's debts, liabilities and costs in the event of the Charity being wound up and for one year after ceasing to be a member.

FINANCIAL INSTRUMENTS

The charity only has financial liabilities ofa kind that qualify as basic financial instruments. Basic financial instruments are normally initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at the carrying value plus accrued interest less repayments.

STAFF COSTS AND EMPLOYEE BENEFITS The average number of persons employed by the charitable company during the year was NIL. (2024: NIL)

PENSION

The charity does not currently operate a pension scheme.

TRUSTEES / DIRECTORS REMUNERATION

The trustees directors did not receive any emoluments during the year 2025 Nil (2024 £Nil) Trustees directors were reimbursed expenses during the year 2025 £ Nil (2024 NIL)

SUBSEQUENT EVENTS

There has been no significant 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 category below;

FINANCIAL ASSETS Measured atundiscountedamountrecetvable	2025 €	2024 £
		-
Trade Debtors	-	-
Sundry Debtors and Prepayments	“
FINANCIALLIABILITIES Measured atundiscountedamountpayable	2025 £	2024 £
		-
Trade Creditors SundryCreditorsandAccruals	- 3,120	2,195
	3,120	2,195

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 unforeseen expenditure incurred.

SPORTS ASSOCIATION NEWRY, DOWN AND SOUTH ARMAGH YEAR ENDED 30TH JUNE 2025 NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

			£	£
			2025	2024
			£	£
2.		UNRESTRICTED FUNDS
		DONATIONS	cee
			£	£
			2025	2024
	3	TRAINING	eee
		TrainingincludesincomefromClubsandIndividuals.

UNRESTRICTED FUNDS FUND RAISING EVENTS

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SPORTS ASSOCIATION NEWRY, DOWN AND SOUTH ARMAGH YEAR ENDED 30TH JUNE 2025 NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

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|||||||| |---|---|---|---|---|---|---| |6.|FIXED ASSETS|UNRESTRICTED|RESTRICTED|TOTAL| |F&F|Premises|F&F| |£|£|£|£| |COST| |Balance|at|Ist July 2024|2,814|-|-|2,814| |Additions|-|-|-|-| |Disposals|-|-|-|-| |Balance|at 30th June 2025|2,814|-|-|2,814| |DEPRECIATION| |Balance|at|Ist July 2024|2,731|-|-|2,731| |Charge|for the Period|12|-|-|12| |Elimination|on|Disposals|-|-|-|-| |Balance|at 30th June 2025|2,743|-|-|2,743| |WRITTEN DOWN VALUE| |AT 30TH JUNE 2025|71|-|-|71| |WRITTEN|DOWN VALUE| |AT 30TH JUNE 2025|83|-|-|83|

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SPORTS ASSOCIATION NEWRY, DOWN AND SOUTH ARMAGH YEAR ENDED 30TH JUNE 2025 NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

		2025	2024
7. DEBTORS		£	£
		-	-
	Trade Debtors	-	-
	Sundry Debtors and Prepayments
8. BANKANDDEPOSITACCOUNTS		£	£
	UNRESTRICTED BankAccounts	13,341	18,318
		13,341	18,318
	RESTRICTED	-	-
	Bank
	TOTALCASH ATBANKANDATHAND	13,341	18,318
9.	CREDITORS: AmountsFallingDueWithinOneYear	g	£
		-	-
	Trade Creditors SundryCreditors andAccruals	3,120	2,195
		3,120	2,195
10.	CREDITORS: Amounts FallingDueAfterOneYear	-	-
	Hire Purchase Creditor
		£	£
11.	ACCOUNTANTS' REMUNERATION Fees	810	600
		810	600

SPORTS ASSOCIATION NEWRY, DOWN AND SOUTH ARMAGH YEAR ENDED 30TH JUNE 2025 NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

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||||||||||| |---|---|---|---|---|---|---|---|---|---| |12.| |THE NET|ASSETS AT THE 30TH JUNE|2025| |UNRESTRICTED|RESTRICTED|TOTAL| |Note|FUNDING|FUNDING| |£|£|£| |FIXED ASSETS|6|7)|-|71| |CURRENTDebtors|and|PrepaymentsASSETS|7|-|-|-| |Owed by|Inter Divisions|-|7|a| |Cash on Hand and|at Bank|8|13,341|-|13,341| |13,341|-|13,341| |CREDITORSOwed|to|Inter|Divisions;|Amounts|Falling Due Within|One Year|-|-|-| |Creditors|and Accruals|9|3,120|-|3,120| |3,120|-|3,120| |CreditorsCREDITORSand|Accruals;|Amounts|Falling Due|After|One Year10|-|-|-| |NET ASSETS|10,292|-|10,292|

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SPORTS ASSOCIATION NEWRY,> DOWN AND SOUTH ARMAGH YEAR ENDED 30TH JUNE 2025 NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

13. RECONCILIATION AND ANALYSIS OF MOVEMENTS ON THE FUNDS FOR THE YEAR

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|||||| |---|---|---|---|---| |UNRESTRICTED|RESTRICTED|TOTAL| |FUNDING|FUNDING| |£|£|£| |INCOMING|RESOURCES| |UNRESTRICTED|-|-|-| |RESTRICTED PROJECTS|-|~|-| |RESOURCES|EXPENDED| |UNRESTRICTED|5,914|-|5,914| |RESTRICTED|PROJECTS|-|-|-| |5,914|-|5.914 || |NET INCOME (EXPENDITURE)|(5,914)|-|(5,914)-| |NET UNREALISED INVESTMENT|GAINS|-|-| |TRANSFER FROM UNRESTRICTED TO RESTRICTED|-|-|=| |NET MOVEMENT IN FUNDS|(5,914)|-|(5,914)| |BALANCE AT 1ST JULY 2024|16,206|-|16,206| |BALANCE AT 30TH JUNE 2025|10,292|-|10,292 | |£| |THE|FUNDS|OF| |-| |RESTRICTED|FUNDS| |UNRESTRICTED|FUNDS| |General|10,292=| |TotalDesignated Unrestricted.|Funds|10,292| |TOTAL FUNDS OF SPORTS ASSOCIATION NEWRY, DOWN AND SOUTH ARMAGH|40.292|

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