Company Registration Number: N1644713 Charity Number: 106894 Northern Ireland Netball IA ¢ompary Ilmltod by guarants•. not having a shar• capltall Annual Report and Audited Financial Statements for the financial year ended 31 March 2025 DPtrcA Llmited Chartgred Accountants & Registered Auditorn and Statutory Audftor Omieau House 91-97 Ormaau Road Belfast Antrlm BT7 1SH
Northern Ireland Netball IA company limited by guarantee, not having a share capltal) CONTENTS Pago Trustees, and Other Information Trustees. Annual Report Statement of Trustees, Responsibilities Independent Auditorfs Report Statement of Financial Activities 10 Balance Sheet Statement of Cash Flows 12 Notes to the Financlal Statements 13-18
Northern Ireland Netball IA company Itmited by guarantee. not having a $hare capllall TRUSTEES. AND OTHER INFORMATION Trustees Helen Sb'rfing Lisa Venney FChard Joseph James Bullick (Reslgned 7 November 2024) Jade Blalr Shiiley Mccay Roisin Mary Murphy Steven Alexander Frederick Mills (Resigned 7 November 20241 Jasmin8 Moorehead Niwla Louis8 Mccarthy (Appoinled 9 January 2025) Michael Gibbs (Appointed 12 December 2024) Charlty Number in Northem Ireland 11A894 Company Reglstratlon Number N16M713 Reglsternd Offlce and Prlnclpal Address Playball, Stornonl Eslate, Upper Newtownards Road Belfast Down BT3 4TA Northem Ireland Audltors DNTCA Limlled Chartered Accountants & Registèred Audltors and ststutory Auditor Ormeau House 91-97 Om)eau Road Belfast Anlrim 8T7 1SH Prlnclpal Bankers AIB (NI) 11-15 Donegal Square North Belfast Antrim BT15G8 Northem Ireland
Northern Ireland Netball IA company limited by guarantse, not ha¥lng ? share capital) TRUSTEES, ANNUAL REPORT for the financial year ended 31 March 2025 The trustees present their Trustees. Amnual Report, combining the Directors. Report and Trustees, Report, and the audited financial statements for the finanual year ended 31 March 2025. The financial statements are prepared in accor(lance with the Companies Act 2006, FRS 102 Yhe Financial Reporting Stsndard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities.. Stalernent of Recornmended Practice applicable lo charities preparing their financial stalemenls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ir8Lqnd {FRS 102). The Trustees. Report contains the infonnation required to be provided in the Tnjstees. Annual Report under th& Statement of Recommended Practice ISORP) guidelines. The trustees of the charity are also charity Irust88s for the purpose of charity law and under the charity's constitution are known as members of the board of Iruslees. In this report the trustees of Northem Ireland Netball present a summary of its purpose, gov8mance. actNlties, 8¢hlevements and finances for the financial year 31 March 2025. The charity is a registered charity and hence the report and results are presented in a fomi which complies with the requirements of the Companies Act 2006 and, although not obliged to comply with the Slalemenl of Recommended Pra¢ti¢e aPiCable in the UK and Republic of Ireland FRS 102, th& organisation has implemented its recommendalions where relevant in these finanaal slalemenls. Mlsslon, ObJe¢tlv•s and Strategy ObJectlv8s The ¢harlty's obleclfves are specffically r8slrf¢ted to the promotion of the followlng purposes for the b8nefit of the public To advance. promote, manage. cordinat6, and develop netball in all ils forms and In doing $0 to act as the national governing b¢)dy for netball in Northem Ireland.. To advance community development in Northem Ireland by way of engagiro members of local communities throughout Northern Ireland of all ages and abilities wlh netbaS1 and related activities,. Northern Ireland. Netball is the gov8ming b¢xly for netball wthin Northom Ireland. Northem Ireland Netball is responslble for Ihe d8v8lopment of netball across Northem Ireland and as such facilitates the delivery of netball across 811 levels from social participation. school. domestic competitive lo inlemational. AJong$id& this Netball Northem Ireland facilitate and deliver educats'on courses for volunteers, coathes. officials and clubs to ensure delivery of safe, quality netball opportunilios. Revlew of Actlvttl•s, Achlevements and Perfornianc The direct beneftls whl¢h flow from the organisation's purposes indude grealer opportunlues for participation In the sport of netball. There a numerous benefits which come from this which Include., fun and enjoyment, health benefits, improvemènt of self*sleem, developmenl of communication skills, fitness developm8nt, meeting like-minded people. stress r&duction and skill development. Throughout the 24125 financial year we saw participation numbers stèadily increasing hawng focused on the promots'on and opportunities within junior competition sections. walklng and minis netball. Those new participants in netball have advised they f881 ffluth more empow8red to be doing something for themselves, taking time to meet new people while exercising in a safe environment. They are also leaming not only new physical skills, but also transferable skills around grouplclub volunteering, officiating and supporting the delivery of $e5sions. The success of the Warriors and underage squads has created a sense of sharing achievements wllhln the netball family and being part of something bigger. The Warriors have becoming eslablished role models to our domests'c and social members as well as inspiring the younger age group national and regional teaffl. Flnaneial Review Northern Ireland Nelball are aiming to achieve 3 months worth of serveS in line with the good govemance suggested by Sport Nothem Ireland. To dale we do not have this bul have finan¢ial planning in place lo gradually intrgase our reserves y8ar on year to allow financial confidence and sustainability in the landscape of reducing government funding. Our reserves are increasing year on year but we are mindful of ever increasing costs and the chlengeS of securing long4emi investrnent. Flnanclal Resutts At the end of the financial year the charity has assets of £225,87912024 - £207.017} and liabilities of £34,17912024 - £26,647). The net assets of the thafity have increased by £11.330.
Northern Ireland Netball IA company limited by guarantee. not having a Sra capital) TRUSTEES. ANNUAL REPORT for the financial year ended 31 March 2025 Trustees The trustees who served throughout the financial year, except as noted. were as follows.. Helen Stirting Lisa Venney Richard Joseph James Bullick (Resigned 7 November 2024) Jade Blair Shidey Mccay Roisin Mary Murphy Steven Alexander Frederid( Mills (Resigned 7 November 2024) Jasmine Moorehead Nicola Louise M¢Carihy {Appointed 9 January 2025) Michael Gibbs {Appoinled 12 December 2024) In arKordance with the Constitution, the trustees retire by rotation and, being eligible, offer themselves for rtreledlon. Compllance wlth Sector-wlde Legi$latSon and Stsndards The charity engages pro-actively with legislation, stsndards and codes which are developed for the sector. Northern Ireland Netball subscribes to and is compliant with the following.. The Companies Act 2006 The Charities SORP {FRS 102) Thé Audltors The auditors, DNTCA Llmlled, (Chartered A¢antants & Registered Auditors) have indi¢at8d thelr willingness to continue In office in accordance wilh the provi&ons of Section 485 of the Cornpanles Act 2006. Approv by the Board of Trusleos on and signed on It8 bèhalf by: H¢lon Stlrllng Trustee
Northern Ireland Netball IA company limited by guarantee. not havlng a shar• caplta STATEMENT OF TRUSTEES, RESPONSIBILITIES for the financial year ended 31 March 2025 The trustees, who are also dlrectors of Northem Ireland Nelball for Ihe purposes of company law, are responsible for ppann9 the financial statements in accordance with applicable law and regulations. Company law requires Ihe tnjstees as the directors to prepare financial statements for each financlal year. Under that law the trustees have elected to prepare the finanaal statements In accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accountsng Standards and applicable law) including FRS 102 "The Financial Reporting Slandard applicable in the UK and Republic of Ireland. Section 1A (Small Entities). Under Company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair vlew of the slale of affairs of the company and of the suwus or deficit of Ihe company for thal period. In preparing these financial slatements. the trustees are required to.. select suilable accounting poliaes and apply them consistently., observe the methods and principles in the Chariti8s SORP make judgements and ac¢ounting estimates that are reasonable and prudent,. slate whether the financial statements have been prepared in accordance with applicable accounting standards, identify those standards, and note the effect and the reasons for any material departure from those standards,. and prepare the financial Statements on the going con¢em basis unless it is inappropriate lo presume that the charity will continue in operation. As 8xplalned in note 3. stale Nthether Ihe applicable in th8 UK and Republlc of Ireland FRS 102 has been followed- The trustees are responsible for keeping 8d8qvate accounting records Ihat ar8 sufficient to show and explain the charrtvs transactions and disdose with reasonable accura¢y al any lima the financial posrtion of the charity and enable them to ensure that the financlal statements comply with Ihe Companies Act 2006 and. They are also responsible for safeguarding the assets of the chaty and hence for taking reasonable st&ps for the prevention and detection of fraud and other lffegularilles. In so far as the trustees are aware: there is no relèvant audit infomHtion (information nèeded by the d)arlVs audltor In connection wlth preparing the audilorfs report) of which the charivs auditor is unaware, and the Iru5tees have taken all the steps that they oughl to have taken as trustees in order lo make themselves aware of any levant audit infom)ation and lo establish that the chanW$ auditor is aware of that infomiation. Approved by tho Board of Trusts•$ on and slgned on Its bohalf by: Hol•n Stlrflng Trustee
INDEPENDENT AUDITOR'S REPORT to the Members of Northern Ireland Netball IA cornpany limited by guarantee. not having a shar• capital) Roport on Ihe audit of the financlal statements Opinlon We have audited the charity financtal statements of Northem Ireland Netball I'the charity,) for the financial year ended 31 March 2025 which comprise the Statement of Financial ActFvities {Incorporating an Income and Expenditur& Account). the Balance Sheel, the Statement of Cash Flows and notes lo the financial statements. including the summary of significant accounting policies set out in note 2. The financial reporting framework that has been applied in Iheir preparation is applicable law and United Kingdom Accounting Standards, induding FRS 102 'The Financi81 Reporbng Standard applicable in the UK and Republic of Iraland", applying Seth"on IA of that Standard and Accounting and Rewrting by Charities.. Statement of Re0)Mmered Prath"ce awicable to chartties preparing their accounts in accordance with FRS 102. In our opinion. when portIng in accordan wlth a fair pres&ntation framework the financial statements.. give a tnje and fair view of the state ol the ¢hariVs affairs as at 31 March 2025 and of its surplus for the financial year then ènded: have been properfy prepared in accordance with United Kingdom Generally A¢¢epted Accounting Practice,. and have been prepared in accordance wth the requirements of the Companies Act 2006 and the Charities Act (Northem Ireland) 2008. Ba518 for opinlon We conducted our audit in accordance with Intemalional Standards on Auditing (UK) IISAS (UK)) and applicable law. Our responsibilities under those standards ar8 further described in Ihe Auditorfs responslbllities for the audit of the financial slalements section of our report. We are independent of the charity in accordance with ethical requirements that are relevant to our audit of the financial statements in the UK. including the FRC'S Ethical Slandar¢y. and we have fulfilled our olheT ethical r&sponsibllitle$ In accordance with these requirements. We belleve Ihal the audit evidence we have obtained is sufficient and appropriate to provide 8 basis for our opinlon. Concluslon$ relating to golng concern In auditing the financial slalements. we have condudad that tha tru$le8s' use of the going concem basis of arKounting in the preparation of the finanal ststemenls is appropriate. Based on the work we have perfomed, we have not identified any material unc8rtaints.es r6latlng to events or conditions that, individually or collectively, may cast signfficanl doubt on the charivs ability to continue as a going concem for a period of at least e1ve months from the dale when the financial ststemenls are aulhorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concem ar& described in Ihe r8levant sections of this report. Othor Inforniatlon The other infomiation comprises th& infomiation induded In the annual report other than the financial statements and our Auditorfs Report thereon. The InJslees are responsible for the other information contained within the annual report. Our opinion on thè finanaal sialements does not cover Iha other infomation and, except to th8 8Xtenl otherwise explicitly staled in our report, we do nol express any foryn of assurance condusion thereon. Our responsibilty is to rèad the other infonnation and, in doing so. consider wheth8r the other infomation is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit. or otherwise appears to be materially misststed. If we id6ntfy such material inconsistencies or apparent material misslalemenls, we are required to determine whether this gives rise to a material misstatement in the financial ststements themselves. If, based on the work we have performed. we conclude that there is a material misstal8ment of this other information. we are required to report that fa. We have nothing to report in this regard. Opinlon on other matter prè$crlbed by the Companies Act 2006 In our opinion. based on the work undertaken in the course of the audit: the information given in the Trustees. Annual Report for the financial year for which the financial statements are prepared is consistent with the financial statements- and Ihe Trustees, Annual Report has been prepared in accordance with applicable legal requirements.
INDEPENDENT AUDITOR'S REPORT to the Members of Northern Ireland Netball IA company limited by guarantee. not havlng a share capital) Matters on which we are required to r9POrt by exception In the light of our knoedge and understanding of the charity and rts environment obtained in the course of the audit. we have nol identified material misstatements in the Trustees, Annual Report. We have nothing to report in respect of the following matters where the Cornpanies Act 2006 requires us to report lo you if. in our opinion-. adequate accounting records have not been kepl,. or the financial stat8ments are not in agreement the accounting records and retums.. or certain disdosur8s of trustees. remuneratlon specified by law are not made.. or the Iruslees were not entiled to prepare the finanal statements in accordance wrth the small companies reglme and lake advantage of the small companies, exemption in preparing the Tnjstees, Annual Report. Rosponsibilltle$ of trustees for Ihe flnanclal $tstements As explained more fully in the Statement of Trustees, Responsibilities set out on page 6, the trustees are responsible for the preparation of the financial stslements and for being satisfied thal they give a true and fair view. and for such internal control as they determine is necessary to enable the preparation of financial statements that are free from matérial misstatemenl. whether du6 to fraud or error. In preparing the financial statements. the trustees are responsible f¢y ass8ssing the charfty's ability to continue as a going concern, disclosing, as applicable. matters related lo going con¢em and using the going concem basis of accounting unless management either intends to Ilquidate the charity or to Cease op8rations, or has no realistic alternatsve bul lo do so. Audltorfs r8sponslbllltlas for tho audlt of the flnanclal statements Our objectives are to obtain reasonable assurance about whether the finan¢lal sta16rnents as a whole are frée from material misstalemenl, whether due lo fraud or error, and to issue an Audilorfs Report that includes our opinion. Reasonablo assurance is a high level of assuranco, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will alway$ delecl a material misstatement when rt exists. Misstslements can aris8 from fraud or error and are considered material if. individualty or in the aggregate. they could reasonably be expectèd to influence the economic decisions of users taken on the basis of thase finanaal statements. Irregularities. inclLKJing fraud, are instsncés of nonwcompliance Wth laws and regulations. We design pro¢6dures in Ilne wllh our r&sponsibiliti8s, oullined above, lo delect material misstatements in respect of egUlari.es. Including fraud. The extenl lo which our procedures are capable of detecting irregularities, Including fraud is detailed below.. Our approach to IdonllfySng and assessing the risks of materlal misstatement in ffjspect of irregularities, indudlng fraud and non compliance with laws and regulations. wa$ as follows.. The engagement partner ensured that the engagement team collèctively had the appropriatè competence, capabilitses and skills to identsfy or recognise non<ompliance with applicable laws and regulations., W8 identified the laws and regulatn$ applicable to the company through di$cLtsslons with directors and other managemont, We focused on speafic laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, To address the risk of fraud through management bias and override of controls, we: Perfomed analytical procedures to identy any unusual or unexpectèd relationships; Investigated the fdtionale behind significant or unusual transactions. In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included. but were not limited to.. Agreeing financial statement disclosures to undertying supporting documentation: Reading the minutes of meelings of those tharged with govemance.. Enquiring ol management as to aclual and potential litigation and daims: Reviewing correspJndence with HMRC. Companies House and the compan$ legal advisors. There aTr inherent limitations in our audit procedures described above. The more removed thal laws and regulations are from finanaal transactions. the sS likdy it is that we would become aware of non-compliance. Auditing standards
INDEPENDENT AUDITOR'S REPORT to the Members of Northern Ireland Netball IA Company Ilmited by guarantst. not having a shar• capital) also limtt the audit procedures required to identify non-compliance wlth laws and regulations to enquiry of the directors 8nd other management and trtre inspection of regulatory and legal correspondence. if any. Material misslalements that arise due to fraud can be harder lo detect than those that arise from error as they may involve deliberate concealrnent or collusion. A further descTiPtion of our responsibilities is available on the Financial Reporbng Council's website at- .frc.org.ukJauditorsresponsibilities. This description fonns part of our auditor's pOrt. Further Inforniation regardlng the scope of our responslbllltlos as audltor As part of an audit in accord8n¢e with ISAS {UKI, we exercise professional judgement and maintain professional scepticism throughout the audit. We also.. Identify and assess the risks of material misststement of the financial slalements, whether du8 lo fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate lo provide a basis for our opinion. The risk of not detecting a material misstatemenl resulting from fraud is higher than for one resulting from error. as fraud may involve llUsIOn, forgery. intentlonal omlsslons, misrepresentations. or the ovèrride of inlemal control. Obtain an understanding of intemal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for Ihe purpose of expressing an opinion on the effectiveness of the charity's intemal control. Evaluat8 the appropriateness of accounting pollcies used and the reasonableness of accountlng estimates and related disdosures made by trustees. Conclude on the appropriateness of the trustees, us8 of the going nCern basis of a¢¢ounling and, based on the audit evidence obtained, whether a material uncertalnty exists rel8ted lo events or condits'ons that may cast significant doubt on the chantys ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required lo draw attention in our Auditols Report to the related dlsclosures In the financial 8tslements or, rf such disclosures are inadequate, to modify our opinion. Our eondusions are based on the audit evidence obtained up to the dat8 of our Audllorfs Report. However, fijture events or conditions may cause the charity to cease to ¢ontiDue as a going ncen. Evaluat& the overall presentation. structure and content of the financi81 statements, including the disclosur&s, and whether the financial slatem8nts represent the und&dying transactions and events in a manner that achigves fair pres&ntation. Wg ¢ommunical8 with those chargèd with gov6manc8 regarding. among other matters, the planned seop8 8nd timing of the audll and signfficant audll findings. induding any Signifint d8ficlenci88 In inlemal rA)ntrol that w8 idenltfy dudng our audlt. The purpos8 of our audlt work and to whom we owe our responslbllltles This report is made solely lo the charity's members, as a body. in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity's members those matters we are required lo slate to them in an auditols report and for no other purposè. To the fullest extent pemiltted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's members as a body, for our audit work, for this reF)Ort. or for th8 opinions we have fomied. Mr Mlke Nangle (Senior Statutory Audltor) for and on behaff of DNTCA LIMITED Chartered Accountants & Regisler8d Audf(ors and Slatutory Auditor Offneau House 91-97 Ormeau Road Belfast Anlrim BT7 1SH
Northem Ireland Netball IA eoryany limitèd by guarantee, not having a Jhare caplta STATEMENT OF FINANCIAL ACTIVITIES Iln¢on)oratlng an Incomè and Expendlture Account) for the financial year ended 31 March 2025 Unrnstricted Rastricted Funds Funds 2025 2025 Total Unrestricted Restricted Funds Funds Funds 2025 2024 2024 Total Funds 2024 Notes In¢orno Donations and legacies Charltable activities Grants from govemments and other -funderS Other trading activities Other income 2,843 401,704 401,704 426,156 426,156 100.828 109,655 11)0.828 109,655 96.831 81,259 96,831 81,259 Total Income 210,483 404,547 615,030 178,090 426,156 604.246 Expenditure Charitable activities Other expenditure 150,571 48,582 404,547 555,118 48,582 105,662 30.371 426,156 62 531,818 30,371 Total Expendlturè 199.153 404,547 603.7IXI 136,033 426,156 562,189 Not Incomo1(oxpondlture) 11,330 11,330 42.057 42,057 Transfers b8twe8n fvnds Net movement In funds for the flnanclal y•or 11.330 11,330 42,057 42.057 Ro¢on¢lllatlon of funds". Total fvnds beginning of the year 13 160,370 20,000 180,370 118,313 20,000 138,313 Total funds at the end of the year 171,700 20.000 191,700 160,370 20,000 180,370 The Statement ol Financial Actlvtties indudes all gains and losses recognised in the financial y8ar, All Income and expenditure relate lo continuing activities. The no¢es on pages 13 to 18 forni part of the financtal slalements 10
Northern Ireland Netball IA cornpany Ilmited by guarantee. not having a sharè eapitsll Company Numbar: Nt644713 BALANCE SHEET as at 31 March 2025 2025 2024 Notes Current Assets Debtors Cash at bank and in hand 10 11 80,142 145.737 4,050 202,967 225.879 207,017 Crgditors: Amounts falling due wlthln one year 12 {34,1791 126,647) Net Cuent Assets 191.700 180,370 Total Assets less Current LSabllltlas 191,700 180.370 Funds Restricted trusl funds General fund lunre$lricted) 20.000 171,700 20,000 160,370 Total fund8 13 191.700 180.370 These financial statements have been prepared in accordance the special provislons r&latlng to sm811 compani88 within Part 15 of the Companies Act 2006. The financial statements have been prepared in accordance with the provisions applicable lo companies subject lo the small companies, regime and in aCrdance with FRS 102 "The Financlal Repo.ng Standard applicable in the UK and Republic of Ireland" applying Section 1A of that Slandard. Approved by the Board of Trnste•$ and authorlsed for Issuo on bohalf by and slgnod on Its Hal•n Stlrjlng Trustee The notes paw 13 to 18 fomi part ofthe financial statements 11
Northern Ireland Netball STATEMENT OF CASH FLOWS for the financial year ended 31 IAarth 2025 2025 2024 Notes Cash flows from operatlng activities Net movemenl in fijnds 11.330 42,057 11,330 42,057 Movements in working capital.. Movement in debtors Movement in ueditors {76.092) 7.532 87,662 147,577) Cash (used inygenerdted frorn operations {57.230) 82,142 Not {docroaso)nn¢r8as8 In cash and cash equlval•nts Cash and cash equlvalents at the beglnnlng of Iho yèar (57,230} 202,967 82,142 120.825 Cash and ca$h •qulvalents at the end of the year 11 145.737 202,967 12
Northern Ireland Netball IA company limited by guarantse. not having a share capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2025 GENERAL INFORMATION Northem Ireland Netball is a company limrted by guardntee IncoOrated in Northem Ireland. The registered office of th& charity is Playball. Stormont Estate. Upper Newtownards Road, Belfast. Down. BT3 4TA, Northern Ireland which is also the principal place of business of the charity. The financial stalgm8nts have been presented in Pound (£1 which is also the functional CyencY of the charity. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following ac(x)unting p)licies have been applied consistently in dealing with items which are considered material in relation to the charity's financial statements. Basls of preparatlon The financial slalements have been prepared under the historical cost conventlon, modified to include certain items at fair value. The financial statements have been prepared in accordance with the Statement of Recommended Practice {SORP} 'Accounting and Reporting by Charits'8s preparing their accounts In accordance with the Financial Reporbng Standard applicable in the UK and R8public of Ireland FRS 102", applwng Section 1A of thal Standard. As perrnitted by the Companies Act 2006. the charity has varied the standard fomiats in Ilat act for the Statement of Flnanclal Activities and the Balance SheeL Departures from the standard fomiats are lo comply with the requirements of the Charill&s SORP and s in compliance with section 4.7, 10.6 and 15.2 of that SORP. Statement of Compllance The flnancial slalemenls of the charity for tha financia year ended 31 March 2024 have been prepar&d on the going COnM basis and in accordance with the Slalement of Recommended Practice ISORPI 'A¢counting and Reporting by Charities preparing their account$ in a¢¢ordanc8 With the Financial Reporting Standard applicable In the UK and R8public of Ireland FRS 102.. applying Section 1A of that Stsndard. Fund a¢¢ountlng The following are the Categories of fd8 malntained: R•stri¢ted funds Reslricled funds represent income received which can only be used for particular purposes, as specified by the donors. Such purposes ar8 within the overall objectives of the charity. Unrestrlctad funds Unrestricted funds consist of General and Designated funds. General funds represent amounts which are expendable at th8 discretion of the board, in fvrtherance of thè objectives of the charity. Designated funds comprise UnstrICted funds that the board has, at its discretion. set aside for particular purposes. These deslgnations have an administrative purpose only, and do not legally restrict the board's discretion lo apply the fund. £20,000 of unrestricted fijnds has been allocat¢d to desi9nated funds in anticipation of recruiting an Administrator during the financial year ended 31 March 2024. Incom• Income is recognised by inclusion in the Statement of Financial Activities only when the charity is legally enlilled to the income, perfOnanCe condibons attached lo Ihe item{s) of income have been mel, the amounts nvolved can b8 measured with sufficient liability and il is probable that tho income will be received by the ¢harlty. Incomo frorn charltsble activltles Income from charitable activities include income eamed from the suppty of services under contractual arrangements and from perfomiance related grants which have conditions that specify the provision of particular services to be provided by the Charity. Income from government and other Cowfvnders is recognised when the charity is legally entitled to the income because it is fvlfilling the conditions conlainod In the related fvjnding agreements. Where a grant is received in advance. its recognition is deferred and included in creditors. Where entitlernent occurs before income is received, it is accrued in debtors. Grants from g¢)vemments and other ¢OThfunders typically indude one of the followng types of condition8: Perfomiance based ndion3'. whereby Ihe charity is contractually entided to funding only to the extent that 13
continued Northern Ireland Netball IA company Ilmlted by guarantsè. not having a shar8 captta4 NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2025 the core objectives of the grant agreement are achieved. Where the charity is meets'ng the core objectives of a grant agreemen( it recognises the related expendtture, to the exlent that it is reimbursable by the donor, as income. Time based condtbons.. whereby the Charity 15 contractually enlilled to funding on the condition that it is utilised in a pa.¢lar period. In these cases the tharity recognises the income to the extent it is ulilised within the period specified in the agreement. In the absence of such cg)nditions, assuming that receipt is probable and the amount can be reliably measured, grant income is recognised once the charity 1$ notified of entitlement. Grants recelved towards ¢apital expenditure aro credited to the Ststem8nt of Flnancial AcUvltS&s wh6n received or receivable, whichever is eadier. Expendltvr• Expenditure is an81ysed between costs of charitale activltle$ and raising fjjnds. The Costs of each actlvlty are separately accumulated and disclosed, and ar¢alyged according lo their major components. Expenditure 1$ recognised when a leg81 or constructive obligation exists as a result of a past event. a transfer of econornic benefits 1$ required in settlement and the amount of the obli9ation can be reliably measured. Support costs ar8 those functions that assist the work of lh8 charity but cannot be attributed lo one activity. Such costs ar8 allocated lo activitses in proportion lo slaff time spent or other suitable measure for each activity. Tanglble fixed assets and depreclatlon Tangible fixed assets a stated al cost or at valuation. less accumulated depreciallon. The charge to depreciation is calculated lo write off the original cost or valuation of tangible fixed assel$, less Ihoir eslimaléd rgsidual valu•, over their ex[cted usoful Irves as follows.. Plant and machinery Fixtures, fittings and equipment 15% Strai9ht line 15°h Straight line Debtors Debtors are recognised al the settlement amount due after any discount offered. Prepaymonts ar8 valued al the amount prepaid nel of any trade discounts due. In¢xJme r&cognised by the charity from gov&rnmenl agendes and other COvfund¢rs. Ixrt not yel received at finanrial year end, Is Included in debtors. Cash at bank and In hand Cash at bank and in hand compri$e$ cash on deposll al banks requiring less than three months notice of thdrawal. Taxation and deferred taxatlon No current or deferred taxation ad$e$ as the charfty ha$ been granted chadtable exemptlon. Irre¢overable valued added tax is expensed as incurred. Deferred tax is recognised In respect of all timing differences that have orlginated bul not r8versed at thè balance sheet date where transactions or events have occurr8d al that date that will result In an obligation to pay more tax in the future, or a right lo pay less lax in the future. Timing differences are t8mporary drfferences beeen the charity's taxable income and ils results as staled in the financial statements. Deferred tax is measured on an undiscounled basis at the tax rates that are anticipated lo apply in the perlods in which the timing differen$ a expected to reverse, based on tax rales and laws that have been enacted or subsiantivety enacted by the balare sheet date. GOING CONCERN Th8 Trustees have not identified any malerial UnrtaInti&8 related to events or ¢onditlons that may cast signrficant doubt about the ¢haritVs ability lo continue as a going concem. CRITICAL ACCOUNTING JUDGEMENT AND ESTIMATES The preparation of Ihe ffnan¢ial statements quireS management lo make judgements, estsmales and assumptsons that affect the amounts reF)Orted. These estimates and judgements are conlinualty reviewed and are based on experien and other f8cIofS, induding expectations of fvture events that are believed to be reasonable under arcumstances. 14
continued Northern Ireland Netball {A company limitèd by guarantee, not havlng a share capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2025 INCOME DONATIONS AND LEGACIES Unrestricted Restricted Funds Funds 2025 2024 Gtft Ald 2,843 CHARtrABLE ACTivrriES Unrestricted Restricted Funds Funds 2025 2024 Grants from governments and other co4undorn". Income from charitsble activities Athlete Aawards Here if you Need Rank Foundalionl Start Here Programme Lottery Communityl Doant Accounts Mary Peters Trust Sport Nl Sporting Systems 1,804 20,400 21,769 29.750 23.333 9,100 320,000 23.600 16.048 16,222 23,334 2,500 320,000 23,600 16.048 16,222 23,334 2,500 320,000 401,704 401,704 426,156 OTHER TRADING ACTMTIES Unrestrlcted Restrlcted Funds Funds 2025 2024 Schoov Club Affiliations & Player Regs Coaching Course Umpirin9 Courses Secondary School Programmos 80,221 3,455 4,862 12.290 80,221 3,455 4,862 12,290 86,395 6,871 3,565 100,828 100,828 96,831 OTHER INCOME Unrostrlcted Restrlcted Funds Funds 2025 2024 Squad Contributions Merchandlse Ticket Sales 20.156 20,156 23.694 227 3,885 5,161 42.027 2,435 3,830 8,615 7.500 11,254 8,615 7.500 11,254 Sponsorshipl Fundraising Primary Schools Programm&s Trials Squad Fundraising World Netball Events- Income 30.023 4.000 28,107 30.023 4.000 28,107 109.655 109.655 81,259 EXPENDITURE CHARITABLE ACTivrriES Direct Costs Other Costs Support Costs 2025 2024 Courses- Coaching & Umpiring HIYN G¢Jod Relations Athlete Awards Squads- pathways Squads- National 3.500 3,350 16.828 23.600 10,000 33.336 3,500 3.350 16.828 23.600 10,000 33.336 15.411 2,675 26,253 6.000 20,000 15
continued Northern Ireland Netball IA company limlted by guarants•. not having a sharè rApbtsll NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2025 Venue Hire Insurance- Clubs., Public & Employers liability Affiliations & Compelition Kiv Unrform Rank Foundats'onl Start He Programme Admin Salaries Retention & Growth- Clubs Workforce Panning Warriors Domianl Accounts Schools Competitionsl Medals Events- Home Toumamentl Gala Dinner Primary Sch(1 Events sendary School Events 26.069 7.755 26.069 7,755 20.654 7,356 11,549 14,905 1,084 10,709 10,709 229.251 12,578 7.803 122,166 13.882 229,251 12,578 7,803 122.166 13,882 253.080 8,500 9,586 98,646 31.725 4,394 24,337 24,337 4.973 4,981 4,973 4,981 555,118 555.118 531,818 OTHER EXPENDrruRE Dlrect Costs Othgr Costs Support Cost8 2025 2024 Legal & Professional Fees Gifts Stationary & Postage Software & Other R8sourc8S Adv8rtising & Promotion Renv mobiles Bank Fees Audit 2.430 2,430 148 797 16.123 1.824 24,852 1,088 1.320 3,342 661 851 7,078 797 16,123 1,824 24,852 17.238 1.201 1.088 1,320 43,744 3.518 1,320 48,582 30,371 SUPPORT COSTS othor Expendlturo 2025 2024 Support 1,320 1.320 3,342 ANALYSIS OF SUPPORT COSTS 2025 2024 Support 1,320 3,342 16
continued Northern Ireland Netball IA company limited by guarantee, not having a share capilall NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2025 EMPLOYEES AND REMUNERATION Number of employees The average number of persons employed (including exeujtive trustees) during the financial year was as follows: 12 2025 Number 2024 Number Operational Staff 10 12 The staff costs comprise: 2025 2024 Wages and salaries 229.251 253,080 No employees receive an excess of £60.000 TANGIBLE FIXED ASSETS Plant and Flxtures, machlnery fltt5ng$ and ¢qulpment Total Cost At 31 March 2025 2,962 52.693 55,655 Depreclallon Al 31 March 2025 2,962 52,693 55,655 N&t book value Al 31 March 2025 10. DEBTORS 2025 2024 Trade debtors PpaYMents and accrued income 50,596 29,546 4,050 80,142 4,050 11. CASH AND CASH EQUIVALENTS 2025 2024 Cash and bank balances 145.737 202,967 12. CREDITORS Amounts falling due wlthln one year 2025 2024 Trade creditots Accruals and deferred income 17.956 16.223 11,425 15,222 34,179 26.647 17
continued Northern Ireland Netball IA company Ilmlt8d by guarantee, not having a share capiiall NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2025 13. FUNDS 13.1 RECONCILIATION OF MOVEMENT IN FUNDS Unrestricted Réstrlcttd Funds Funds Total Funds Al 1 April 2023 Movement during the financial year 118.313 42,057 20.000 138,313 42.057 At 31 March 2024 Movement durlng the financial year 160.370 11,330 20.000 180,370 11,330 At 31 March 2025 171,700 20,000 191,700 13.2 ANALYSIS OF MOVEMENTS ON FUNDS Balance 1 Aprll 2024 Income Expenditure Transfers betWOon funds Balance 31 March 2025 Restrlcted funds Restricted Unrestrl¢t•d funds Unrestricted General 20.000 404.547 404.547 20,000 160.370 210,483 199,153 171,700 Total fund$ 180,370 615,030 603,700 191.700 13.3 ANALYSIS OF NET ASSETS BY FUND Current assets Current Ilabllltles Total Restricted trust funds 20.000 20,000 Unrestricted general funds 205,879 (34,179) 171.700 225,879 134,179> 191.700 14. STATUS The charlty is a rnPany limited by guarantée not having a share capital. The liability of the members is limited. Every member of the company undertakes lo contrtbute to the assets of the company in the event of its belng wound up while they are members, or within one finanaal year thereafter, for the payment of the debts and liabilities of the company conlracled befo they ceased to be members, and the costs. charges and expenses of winding up, and for the adjustment of the nghts of the Contributors arnong themselves, 5uGh amount as may be required. not exceeding £ 1. 15. TRUSTEES. REMUNERATION The Tnjslees. nor any person connected with them, have not receNed MuneratiOn or other benefits from employment with the charity or a related entsty. 16. POST-BALANCE SHEET EVENTS There have been no significant events affecting the Charity since the financial year-end. 18