Charlty Number: 107950 Glenavon FC Academy Flnanclal Statements and Trustees, Report for the year ended 31 May 2023 Glenavon FC Academy Flnanclal Statements and Trustees, Report for the year ended 31 May 2023 Charlty Number: 107950 Table of Contents Page Trustee Committee and other Charity Information Trustees, Annual Report Independent Examiner's Report Financial Statement Financial Statement Approval Glenavon FC Academy Financial Statements and Trustees, Report for the year ended 31 May 2023 Charity Number: 107950 Trustee Commlttee and other Charlty Informatlon Trustee Commlttee Jason Kin8 (Chairman) Paul Mccrum Isecretsryl Ken Cardwell (Treasurer) Jeff Magee Chris Chambers Adam Topping Mark Cromie John Sinnamon Charlty Number 107950 Governln8 Document ConstStutlon Legal Status Unincorporated Charity Re8lstered Address Mourneview Park Mourneview Avenue Lurgan County Armagh BT66 8EW Banker Danske Bank 45-48 High Street Portadown County Armagh BT62 ILB Independent Examlner Simon Black clo 14 Castlewellan Road BanbrSdge County Down BT32 4AX Pa8e I Glenavon FC Academv Flnanclal Statements and Trustees, Report for the year ended 31 May 2023 Charity Number: 107950 Trustees, Annual Report The Management Committee ITrusteesl present their report and the financial statements for the year ended 31 May 2023. The Trustees who served during the year and up to the date of this report are set out on page l. The accounts have been prepared on the receipts and payments basis. Oblertlves The objective of the CharSty Is to advance the amateur sport of Association Football amongst children and youn8 people within the Armagh, Banbridge & Craigavon Borough Council Area Actlvltles Glenavon Youth Academy facilitate sporting and community activity for youn8 people from across N. Ireland, particularly across Arma8h, Banbrid8e & Craigavon. In pSanning our actSvltles for the year we kept in mind the CharSty Commlsslon's 8uidance on public beneflt at our management committee (Trusteel meetln8S. The focus of our activities remalns providin8 development specific football coaching and to develop social responsibility of the young people via community development initiatives. We continue to build the capacity and capability of our coaches to ultimately maximize the effectivene55 of the service provided to our members. Our membership is open to people from all back8rounds regardless of faith, gender or personal circumstances. Achlevements We have teams over 11 age groups playln8 football each week wlth a total membership now in excess of 170 lead by a 40 person volunteer team. Slgniflcant progress was made over the last year with 3 of our older teams making national cup finals and l of them wlnnln8 the National Lea8ue Cup. Flnanclal Revlew Total receipts were £103.4k and payments were £102.8k 8ivin8 a surplus of £0.6k for the year under review. It is encouragin8 to see fundraisin8 receipts being progressed. but there is concern at the significant increase in facility hire- highlightlng the need for our own facility This report was approved by the Trustees and 518ned below on its behalf by.. n King (Chairman) 7 November 2023 Pale 2 Glenavon FC Academy Flnancial Statements and Trustees, Report for the year ended 31 May 2023 Charlty Number: 107950 Independent Examlner's Report to the Charlty Trustees of Glenavon FC Academy I report on the accounts of Glenavon FC Academy for the year ended 31 May 2023, which are set out on page 4. Respectlve Responslblllties of Charlty Trustees and Examlner As the charity's trustees you are responsible for the preparation of the accounts in accordance with the Charities Act (Northern Ireland) 2008. 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 Commission under Section 6519llbl of the Charities Act state whether particular matters have come to my attentS0n, Basls of Independent Examlner's Report I have examined your charity accounts as required under Section 65 of the Charities Act and my examination w35 carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under Section 6519llbl of the Charities Act. My examination included a review of the accounting records kept by the charity and a comparSson of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seekin8 explanations from you as charity trustees concerning any such matters. My role is to state whether any material matters have come to my attention giving me cause to believe.. l. That accountin8 records were not kept In accordance wlth Section 63 of the Charities Act 2. That the accounts do not accord wlth those accountin8 records 3. That the accounts do not comply with the accounting requirements of the Charities Act 4. That there Is further information needed for a proper understandin8 of the accounts to be reached. Independent Examlners Statement I have completed my examination and have no concern5 in respect of the matters111 to141 listed above and, in connectlon with followin8 the Directions of the Charity Commission for Northern Ireland. I have found no matters that require drawing to your attention. Simon Black clo 14 Castlewellan Road Banbridge County Down BT32 4AX 7 November 2023 Paee 3 Glenavon FC Academy Financlal Statements and Trustees, Report for the year ended 31 May 2023 Charity Number: 107950 Flnanclal Statement 2022123 2021122 2020121 RECEIPTS Fees Tournaments Grants Sponsorship Awards Ni8ht Kits / Training Gear Transfers Soccer Camps Fundraising Bank Interest Miscellaneous £53,491.46 £21,330.CM) £8,890.00 £9,832.34 £0.00 £7,230.00 £0.00 £0.00 £2,600.00 £18.78 £0.00 £103,392.58 £51,774.46 £20,760.00 £60,758.20 £0.00 £0.00 £4,643.00 £0.00 £0.00 £0.00 £0.60 £1,000.00 £138,936.26 £36,196.56 £2,725.00 £9,581.47 £50.00 £0.00 £8,202.50 £0.00 £0.00 £0.00 £0.60 £0.00 £56,756.13 PAYMENTS Facility Hire Tournaments / Trlps League Fees Projects Klts / Training Gear Equipment / Software Coach Education £18,216.24 £32,831.43 £7,617.50 £4,548.60 £14,338.60 £3,511.35 £4.060.00 £12,171.02 £6,545.00 £8,317.50 £53,443.20 £5,972.16 £3,480.77 £2,972.50 £10,425,85 £700.00 £1,175.00 £2,395.00 £12,306.15 £3,039.28 £1,335.00 I iji Staff Expenses Referee Fees Awards Ni8ht Professional Fees Account Fees Travel Expenses Consumable5 IP&S, Advertisin81 Misc (Refunds, Gifts, Medical} £2,920.00 £4,707.1)0 £1,560.01 £2.075.CNJ £545.04 £3,519.20 £50.59 £2,297.39 £102,797.95 £2,878.53 £5,642.00 £0.00 £2,880.00 £495.74 £0.00 £11.99 £5,410.15 £110,220.56 £2,610.00 £550.00 £342.00 £2,880.00 £412.34 £0.00 £42.00 £1,622.17 £39,834.79 Surplus / DeficSt fi>r year £594.63 £28,715.70 £16,921.34 Openin8 Balance Surplus / Deficit for year Closlng Balance £55,074.85 £594.63 £55,669.48 £26,359.15 £28,715.70 £55.074.85 £9,437.81 £16,921.34 £26,359.15 Bank & Cash Balances Bank Account Cash in Hand £55,669.48 £0.00 £55,669.48 £55,074.85 £0.00 £55,074.85 £26.359.15 £0.00 £26,359.15 p￿e4 Glenavon FC Academv Financlal Statements and Trustees. Report foi the year ended 31 May 2023 Charity Number: 107950 Approved bythe T stees on 7 November 2023 and Signed on their half bv.. n King Ichairmanl Paul Mccrum (Secretary) Pale S 00 i o rt ffi %8888 8&8-8&8% WWW44f44WWWWWWWW 888= 88888X 8: 40 m ¢n 4ry fri Ln m Ln ffi pl r4 * ro O 8 8- 8 8 8 088 C) Oi 4ri (D o r rri ¢ CL£ w