COMPANY REGISTRATION NUMBER: N1659180 CHARI REGISTRATION NUMBER.. NIC108193 Ballyvea Football Club Limited Company Limited by Guarantee Unaudited Financial Statements 30 June 2023 PURDY QUINN Chartered Accountants 42 Greencastle Street KILKEEL Co Down BT34 4BH
Ballyvea Football Club Limited Company Limited by Guarantee Financial Statements Year ended 30 June 2023 Page Directors, annual report (incorporating the director's report) Independent examiner's report to the directors Statement of financial activities (including income and expenditure account) Statement of financial position 9-10 Notes to the financial statements 11-21
Ballyvea Football Club Limited Company Limited by Guarantee Directors. Annual Report (Incorporating the Director's Report) Year ended 30 June 2023 The directors, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 30 June 2023. Reference and administrative details Registered charity name Ballyvea Football Club Limited Charity registration number NIC108193 Company registration number N1659180 Principal office and registered 51 Carrigenagh Road office Kilkeel Newry BT34 4PY The directors David Crutchley Alan Blue Ivan Mccavery Trevor Mcconnell The Charitable Company is registered with The Charity Commission for Northern Ireland, under registration number NIC 108193. The Directors have obtained official charitable status for the company from HMRC. The HMRC Charity Registration number is N100948. Bank Danske Bank 58 Hill Street Newry BT34 1 AR Independent examiner Una Cunningham FCA Purdy Quinn Chartered Accountants 42 Greencastle Street KILKEEL Co Down BT34 4BH Structure, governance and management Constitution The company is registered as a charitable company limited by guarantee and was set up under the Memorandum & Articles of Association on 20 February 2019.
Ballyvea Football Club Limited Company Limited by Guarantee Directors. Annual Report (Incorporating the Director's Report) f¢ontinuedJ Year ended 30 June 2023 Structure, govemance and management (contlnued) Organisational structure and decision making The company Directors continued to be.. Trevor Mcconnell Alan Blue Ivan Mccavery David Crutchley. The directors manage the Ballyvea Football Club Limited Committee in dealing with the day to day operations of the charity. At the period end, in addition to the directors, the following individuals had served on the Committee.. Mark Haugh Geoff Beck Harold McKibbin Wesley Haugh David Heaney Mark Burden Gary Agnew Mark Ballan Kenny Mcconnell Graeme McKibbin Mark Mcconnell (Resigned 23rd March 2023) {Resigned 23rd March 2023) {Resigned 23rd March 2023) (Appointed 23rd March 2023) (Appointed 23rd March 2023) Committee meetings were held monthly on the first Tuesday of the month. The average attendance is ten. An Annual General meeting was held 23rd March 2023. Risk management The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the company, and are satisfied that systems are in place to mitigate exposure to the major risks. Objectives and activities The objectives of the charity are for the public benefit and without distinction of age, sex, race, disability, political, religious or other opinion are to., (il advance amateur sport through provision of local football club in the Mourne District Electoral Area (ill promote the playing of association football by the provision of facilities, training and equipment in the Mourne District Electoral area (iii) advance amateur sport which promotes healthy lifestyles and mental wellbeing in the Mourne District Electoral area
Ballyvea Football Club Limited Company Limited by Guarantee Directors. Annual Report (Incorporating the Director's Report) (continued) Year ended 30 June 2023 Strategic report The following sections for achievements and performance and financial review form the strategic report of the charity. Achievements and performance After a very busy 2-3 years with the building and opening of our Community Hub, this year has been one of consolidation as we have overseen the running of the Community Hub in addition to our core football activities. We now have a range of activities happening in the building week by week, and our three senior teams along with around 130 youth players continue to represent the Club in local football leagues and cups. On the feld, our First Team had their first season in the highest Mid Ulster Junior Division 1 and consolidated their position in that Division. Our Second team also made the move to the Mid Ulster League, and finished third, gaining promotion to the Reserve 3 league for the 23-24 season. Our Third team continued to compete in the Newcastle and District Amateur Football League, providing a pathway to senior football for a number of young players graduating from our youth system. The Club continued to engage with the local community, hosting Brackenagh West Primary School Sports Day, a Christmas Football Fun Day and a Fun Day & Youth Tournament, as well as making our Hub facilities available to a number of local groups such as Homestart, Southern Health & Social Care, KD Dance studios and various individuals for parties and dinners. The Club continues to be represented on Newry, Mourne and Down Council Sports Development committee SANDSA at Deputy Chairman level. This provides access to various training opportunities such as Coaching, Child Protection and First Aid. Senior teams The 2022-23 season saw our First team play their first season at the highest Junior level in Mid Ulster League, Division 1. The team, managed by Gary Haugh, did well to secure their position in the Division for another season, in what is a very competitive and high-quality football environment. Our Second team, now known as the Reserves, was managed by Alan Graham and settled well into the Mid Ulster League, finishing third in Reserve Division Four and thus gaining promotion to Division 3 for the 23-24 Season. The Thirds had a difficult season as promotion to NADAFL Division 2 presented a difficult challenge, but they still managed introduce a number of youth players into senior football. Youth teams We continue to run youth teams from Under 7 to Under 16, and remain indebted to our dedicated coaches who invest much time and energy in the development of our young players. Youth teams continue to compete in the Mid Ulster Youth League, the Down Area Youth League and the Grassroots Development centre at Newry. We continue to see a steady flow of very young players joining the Club in our Under 7 group. Ground Maintenance Work is required on an ongoing basis to maintain our grounds, especially the grass pitches. Both pitches were reseeded at the end of the season, resulting in first-class surfaces for the resumption of football. We remain indebted to a willing team of volunteers who carry out this work.
Ballyvea Football Club Limited Company Limited by Guarantee Directors. Annual Report (Incorporating the Director's Report) (continued) Year ended 30 June 2023 Achievements and performance (continued) Covid-19 Thankfully most of the issues caused by Covid were left behind during this year, and it was good to be able to return to football and other activities in a more normal environment. Facilities development Our Community Health & Wellbeing Hub is now recognised a great community asset in the area. We have many bookings for birthday parties and family events, as wells hosting ballet classes, line dancing classes and Homestart meetings. All of these mean that the Hub is now a valuable source of income to the club. Our Multi Use Games Area (MUGA) which was completed in May 2022 is also very well used, both for Club training and also bookings by groups for 5-a-side football. This is tremendous asset to the Club, as it allows much of our youth training to be allocated to the MUGA, saving wear and tear on grass pitches. Community Activities Fun Day and Youth Tournament. This was held in June and attracted around 75 teams from across Co Down, Co Armagh and Co Antrim. This was a big club effort invo5ving members in car parking and food cooking duties, as well as the organisation of the tournament matches. Golf Classic. This annual golf tournament took place at the end of August 2022 at Kilkeel Golf Club. Christmas Football Fun Day. A game beeen Ballyvea Over 35s and Moneyslane over 35s provided great festive entertainment. Brackenagh West PS Sports Day. We were pleased to be able to offer our facilities free of charge to Brackenagh West PS for their 170 pupils to enjoy a sports day. Financial review The results for the year are set out on page 8 of the accompanying financial statements. Ballyvea Football Club Limited's accounts for this year report a deficit of £3,205 (2022 £55,115 surplus). This deficit is reported after depreciation for the year of £23,69312022 - £23,526}, hence the surplus before depreciation was £20,488 (2022- £78,641). During the year the club was able to make good progress on loan repayments. Capital of £20,059 was repaid to Community Finance Ireland. This included three unscheduled lump sum payments of £5,000 each. £4,020 was repaid on a supplier loan and £5,000 was repaid on the Club's supporter loans.
Ballyvea Football Club Limited Company Limited by Guarantee Directors. Annual Report (Incorporating the Director's Report) fcontlnued) Year ended 30 June 2023 Financial review (continued) The Club ended the period with a balance of £3,67412022 £3,116) in our Community Account and £630 {2022 - £5,896) in our Deposit Account. Fundraising. Monthly standing orders reached £2,300 by end of the period. The Club continued to apply for grants from Council and other bodies. During the period the Club obtained Letters of Offer for grant aid as follows.. £4,584 £500 £500 IFAJDCMS Halifax Foundation Barclays Sported -Floodlights -Covid recovery (unrestricted) -coach training Going concern After making appropriate enquiries, the trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies. Reserves policy The Trustees have established a policy to designate funds for particular purposes, if decided necessary by the Board, and to restrict funds which are to be used for specific purposes as laid down by the donor. Trustees have confirmed that the charity's assets are available and adequate to fulfil the obligations of the charity and that the funds are not excessive given the nature of funding, the assets, the commitments and size of the charity. The directors, annual report and the strategic report were approved on 20th March 2024 and signed on behalf of the board of trustees by: David Directo rutchley Trevor Mcconnell Director
Ballyvea Football Club Limited Company Limited by Guarantee Independent Examiner's Report to the Directors of Ballyvea Football Club Limited Year ended 30 June 2023 I report to the directors on my examination of the financial ststements of Ballyvea Football Club Limited ('the charity'l for the year ended 30 June 2023. Responsibilities and basis of report As the directors of the company land also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act (Northern Ireland} 2008 (the '2008 Act,) and the Companies Act 2006 ('the 2006 Act'}. You are satisfied that the accounts of the company are not required by charity or company law to be audited and have chosen instead to have an independent examination it is my responsibility to= examine the accounts under section 65 of the Charities Act (Northern Ireland) 2008., follow the procedures laid down in the general Directions given by the Commission under section $5{91(b) of the Charities Act., and state whether particular matters have come to me attention. Independent examiner's statement I have examined your company accounts as required under Section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65{9){b) of the Charities Act. My examination included a review of the accounting records kept by the company 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 company directors concerning any such matters. My role is to state whether any material matters have come to my attention giving me cause to believe- accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act., or the financial statements do not accord with those records., or that the financial statements do not comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the 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)., that there is further information needed for a proper understanding of the accounts to be reached.
Ballyvea Football Club Limited Company Limited by Guarantee Independent Examiner's Report to the Directors of Ballyvea Football Club Limited (continued) Year ended 30 June 2023 I have completed my examination and have no concerns in respect of the matters (1) to14) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention. This report is made solely to the company's Directors, as a body, in accordance with section 65(3)(al of the Charities Act (Northern Ireland) 2008 and regulations made under section 66 of that Act. My work has been undertaken so that I might state to the company's Directors those matters l am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and the company's Trustees as a body, for my work or for this report 20th March 2024 na Cunningham FCA Purdy Quinn Chartered Accountants Independent Examiner 42 Greencastle Street KILKEEL Co Down BT34 4BH
Ballyvea Football Club Limited Company Limited by Guarantee ststement of Financial Activities {including income and expenditure account) Year ended 30 June 2023 2023 Restricted funds Total funds Total funds 2022 Unrestricted funds Note Income and endowments Donations and legacies Charitable activities Other trading activities Investment income Other income 35,713 21,859 10,855 22 220 11,034 46,747 21,859 10,855 22 1,280 112,811 31,180 9,702 1,060 1,600 Total income 68,669 12,094 80,763 155,300 Expenditure Expenditure on charitable activities Total expenditure 9,10 53,480 30,488 83,968 100,185 53,480 30,488 83,968 100,185 Net {expenditure)lincome 15,189 (18,394) 13,205) 55,115 Transfers beeen funds (19,449) 19,449 Net movement in funds 14,260) 1,055 13,205) 55,115 Reconciliation of funds Total funds brought forward Total funds carried forward 7,864 540,668 541,723 548,532 545,327 493,417 3,804 548,532 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 11 to 22 fomi part of these financial staternents.
Ballyvea Football Club Limited Company Limited by Guarantee Statement of Financial Position 30 June 2023 2023 2022 Note Fixed assets Tangible fixed assets 17 679,165 702,024 Current assets Stocks Debtors Cash at bank and in hand 18 19 275 711 4,304 5,290 456 3,274 9,012 12,742 Credltors: amounts falling due wlthln one year Net current liabilities 20 36,032 30,742 33,143 20,401 681,623 Total assets less current liabilities 648,423 Creditors: amounts falling due after more than one year Net assets 21 103,096 133,091 545,327 548,532 Funds of the charity Restricted funds Unrestricted funds 541,723 3,604 540,668 7,864 Total charity funds 23 545,327 548,532 For the year ending 30 June 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities.. The members have not required the company to obtsin an audit of its financial statements for the year in question in accordance with section 476., The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. The statement of financial position continues on the following page. The notes on pages 11 to 22 forni part of these financial ststements.
Ballyvea Football Club Limited Company Limited by Guarantse Statement of Financial Position (continued) 30 June 2023 These financial statements were approved by the board of trustees and authorised for issue on 20th March 2024, and are signed on behalf of the board by.. Crutchle Director Alan Blue Director Trevor Mcconnell Director The notes on pages 11 to 22 form part of these financial statements. 10
Ballyvea Football Club Limited Company Limited by Guarantee Notes to the Financial Ststements Year ended 30 June 2023 General information The charity is a public benefit entity and a private company limited by guarantee, registered in Northern Ireland and a registered charity in Northern Ireland. The address of the registered office is 51 Carrigenagh Road, Kilkeel, Newry, BT34 4PY. Statement of compliance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the 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 IFRS 102) (Charities SORP IFRS 102)) and the Companies Act 2006. Accounting policles Basis of preparation The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. Going concem The Charity has invested significant reseNes in the infrastructure of the club, with a view to securing its long term future. As such expenditure is permanent in nature, the charity has been committing funds to the Restricted reserves of the Charity. The charity is financially supported by the directors and the local community generally. This is evident from the loans advanced to the charity from the local community. Loans to the value of £48,000 in relation to the 'Hub' has been confirmed as havin9 a five year term. The Charity has considered the financial performance and cash flow of the organisation. The Charity forecasts, taking account of reasonably possible changes in its operating performance, show that the Charity should be able to operate within the level of its current working capital. After making enquiries, the directors have a reasonable expectation that the Charity will have adequate resources to continue in operational existence for the foreseeable future. For these reasons, they continue to adopt the going concern basis in preparing the annual report and accounts. Judgements and key sources of estimation uncertainty The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. 11
Ballyvea Football Club Limited Company Limited by Guarantee Notes to the Financial Ststements (continued) Year ended 30 June 2023 Accounting policies (contlnued) Fund accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the directors for particular future project or commitment. Restricted fvnds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of sub-classes- restricted income fvnds or endowment funds. Incoming resources All incoming resources are included in the statement of financial activities when entitlement has passed to the charity., it is probable that the economic benefits associated with the transaction will flow to the charity and the arnount can be reliably measured. The following specific policies are applied to particular categories of income.. income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of services is recognised with the delivery of the ontracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. 12
Ballyvea Football Club Limited Company Limited by Guarantee Notes to the Financial Ststements (continued) Year ended 30 June 2023 Accounting policies {continu¢dJ Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates.. expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that fijrther its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are a15ocated directly to that activity. Shared costs are apportioned beteen the activities they contribute to on a reasonable, justifiable and consistent basis. Tangible assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows.. Pitch Community Hub Plant and machinery Equipment Depreciated over the term of the lease 2 % straight line 20 % straight line 20 % straight line Financial instruments Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. 13
Ballyvea Football Club Limited Company Limited by Guarantee Notes to the Financial Statements (contlnuedj Year ended 30 June 2023 Limited by guarantee The company is limited by guarantee of members and does not have a share capitsl. The liability of members is limited to £1. Donations and legacles Unrestricted Funds Restricted Total Funds Funds 2023 Donations Donations Gift aid 3,756 421 3,756 421 Grants DAERA Irish Football Association Halifax Sport Nl Barclays Community Football Fund Department of Communities NMDDC Everybody Active Award NMDDC Kickstart Fitness Project NMDDC Health Project CBILS interest refund scheme Education Authority 4,584 4,584 500 500 500 500 4,950 1,000 4,950 1,000 Sponsorship General sponsorship Kit sponsorship 1,730 650 1,730 650 Subscriptions Senior fees Youth fees 9,815 18,841 9,815 18,841 35,713 11,034 46,747 14
Ballyvea Football Club Limited Company Limited by Guarantee Notes to the Financial Statements feontinued) Year ended 30 June 2023 Donations and legacies (Continued) Unrestricted Funds Restricted Total Funds Funds 2022 Donations Donations Gift aid 12,171 3,562 12,171 3,562 Grants DAERA Irish Football Association Halifax Sport Nl Barclays Community Football Fund Department of Communities NMDDC Everybody Active Award NMDDC Kickstart Fitness Project NMDDC Health Project CBILS interest refund scheme Education Authority 1,495 30,000 4,044 1,495 30,000 4,044 14,615 14,615 987 3,975 987 3,975 2,000 2,000 728 9,500 728 9,500 Sponsorship General sponsorship Kit sponsorship 4,375 3,709 4,375 3,709 Subscriptions Senior fees Youth fees 5,g30 15,720 5,930 15,720 60,810 52,001 112,811 Charitable activities Unrestricted Funds Restricted Total Funds Funds 2023 Youth Tournament Hall Hire Fees Pitch Hire Fees Fireside Quiz Youth Trip Five-a-side World Cup Competition Big Breakfast Christmas Market 6,520 9,051 3,108 6,520 9,051 3,108 300 560 1,000 1,320 300 560 1,000 1,320 21,859 21,859 15
Ballyvea Football Club Limited Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 30 June 2023 Charitable activities (contlnued) Unrestricted Funds Restricted Total Funds Funds 2022 Youth Tournament Hall Hire Fees Pitch Hire Fees Fireside Quiz Youth Trip Five-a-side World Cup Competition Big Breakfast Christmas Market 9,415 7,245 1,755 160 9,415 7,245 1,755 160 12,265 340 12,265 340 18,915 12,265 31,180 Other trading activities Unrestricted Total Funds Unrestricted Total Funds Funds 2023 Funds 2022 Board income & advertising Golf Day Tuck Shop & food sales Branded goods sale 4,150 3,100 1,395 2,210 4,150 3,100 1,395 2,210 10,855 3,675 4,392 1,635 3,675 4,392 1,635 10,855 9,702 9,702 Investment income Unrestricted Total Funds Unrestricted Total Funds Funds 2023 Funds 2022 Bank interest receivable 22 22 16
Ballyvea Football Club Limited Company Limited by Guarantee Notes to the Financial Ststements {contlnued) Year ended 30 June 2023 Expenditure on charitable activities by fund type Unrestricted Funds Restricted Totsl Funds Funds 2023 Advancement of Amateur Sport- Mourne Support costs 49,121 4,359 29,204 1,284 30,488 78,325 5,643 83,968 53,480 Unrestricted Funds Restricted Total Funds Funds 2022 Advancement of Amateur Sport - Mourne Support costs 51,201 6,054 41,768 1,162 92,970 7,215 100,185 57,255 42,930 10. Expenditure on charitable activities by activity type Activities undertaken directly Support costs Total funds 2023 Total fund 2022 Advancement of Amateur Sport- Mourne Governance costs 78,325 3,118 2,525 81,443 2,525 97,500 2,685 78,325 5,643 83,968 100,185 11. Analysis of support costs Advancement of Amateur Sport- Mourne Total 2023 Total 2022 Governance costs Support costs - Consultancy Support costs - Bank fees Volunteer expenses 2,525 1,360 475 1,283 2,525 1,360 475 1,283 2,685 2,880 487 1,163 5,643 5,643 7,215 a2. Net (expenditurellincome Net {expenditure)lincome is stated after chargingl{crediting)'. 2023 2022 Depreciation of tangible fixed assets 23,693 23,526 17
Ballyvea Football Club Limited Company Limited by Guarantee Notes to the Financial Ststements (continued) Year ended 30 June 2023 13. Independent examination fees 2023 2022 Fees payable to the independent examiner for. Independent examination of the financial statements other financial services 510 1,980 500 2,138 2,638 2,490 14. Staff costs The Charity had no staff during the period to 30 June 2023. All services provided to the charity were carried out on a voluntary basis. 15. Trustee remuneration and expenses No remuneration or other benefits from employment with the charity or a related entity were received by the trustees. No trustee expenses have been incurred by the charity. 16. Transfers between funds During the year, in association with committing Club funds to the 'Hub' project and pitch facilities {restricted funds) in servicing the 'Hub' debt, there is a net transfer from unrestricted to restricted funds. 17. Tangible fixed assets Community Plant and Hub machinery Equipment Pitch Total Cost At 1 July 2022 Additions 181,649 519,452 27,113 834 18,554 746,768 834 At 30 June 2023 181,649 519,452 27,947 18,554 747,602 Depreciation At 1 July 2022 Charge for the year At 30 June 2023 9,749 4,092 13,841 10,300 10,300 16,791 5,590 7,904 3,711 11,615 44,744 23,693 20,600 22,381 68,437 Carrying amount At 30 June 2023 167,808 171,900 498,852 5,566 6,939 679,165 At 30 June 2022 509,152 10,322 10,650 702,024 The Department of Agriculture, Environment and Rural Affairs and Newry, Mourne & Down District CounGil have both registered separate Deeds of Charge, including negative pledge clauses, on all lands and premises comprised in folio DN198927L Co. Down and Carrigenagh Road, Kilkeel, Co.Down. 18
Ballyvea Football Club Limited Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 30 June 2023 18. Stocks 2023 2022 Raw materials and consumables 275 456 19. Debtors 2023 2022 Grant income receivable Other debtors 290 421 825 2,449 711 3,274 20. Creditors: amounts falling due within one year 2023 2022 UCIT loan Trade creditors Accruals and deferred income Other creditors 21,270 985 4,767 9,010 20,350 71 3,707 9,015 36,032 33,143 21. Creditors: amounts falling due after more than one year 2023 2022 UCIT loan Other loan other creditors 55,096 76,076 4,015 53,000 48,000 103,096 133,091 22. Deferred income Grant income received in advance of the project costs have been recorded as deferred income. 19
Ballyvea Football Club Limited Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 30 June 2023 23. Analysis of charitable funds Unrestricted funds At 1 July 2022 At 30 June 2023 Income Expenditure Transfers General funds 7,864 68,669 (53,480) (19,449) 3,604 At 1 July 2021 At 30 June 2022 Income Expenditure Transfers General funds 4,131 90,009 {57,255) (29,021) 7,864 Restrlcted funds At 1 July 2022 At 30 June 2023 Income Expenditure Transfers Pitch Fund Building Hub Fund Machinery Fund Grants Fund Youth Trip Annual Dinner 161,475 370,152 9,041 (4,092> {10,300) {4,612) (10,201) 10,426 9,633 167,809 369,485 4,429 11,034 {833) 1,06Q (1,283> (30,488} 223 540,668 12,094 19,449 541,723 At 1 July 2021 At 30 June 2022 Income Expenditure Transfers Pitch Fund Building Hub Fund Machinery Fund Grants Fund Youth Trip Annual Dinner 109,644 365,989 13,653 (3,510) (10,300) (4,612) 111,8141 (11,531) (1,163) (42,930) 55,341 14,463 161,475 370,152 9,041 52,001 12,265 1,025 (40,187) (734) 138 489,286 65,291 29,021 540,668 20
Ballyvea Football Club Limited Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 30 June 2023 24. Analysis of net assets between funds Unrestricted Funds Restricted Total Funds Funds 2023 Tangible fixed assets Current assets Creditors less than 1 year Creditors greater than 1 year Net assets 8,076 5,290 (9,762) 671,089 679,165 5,290 (26,270) {36,032) (103,096) (103,096) 541,723 545,327 3,604 Unrestricted Funds Restricted Totsl Funds Funds 2022 Tangible fixed assets Current assets Creditors less than 1 year Creditors greater than 1 year Net assets 11,931 702,024 12,742 12,742 (12,794) (20,349) {33,143) {4,015} 1129,076) (133,091) 7,864 540,668 548,532 690,093 25. Charges on assets The Department of Agriculture, Environment and Rural Affairs and Newry, Mourne & Down District Council have both registered separate Deeds of Charge, including negative pledge clauses, on all lands and premises comprised in folio DN198927L Co. Down and Carrigenagh Road, Kilkeel, Co.Down. 26. Contingencies The company has a liability to refund grant monies received by it, should it fail to comply with the relevant conditions as set out in the letter of offer. 27. Related partie5 The directors are the ultimate Controlling paty of the charity and the charity considers its, key management personnel to be the Committee. The total remuneration paid to key management personnel was £nil. 21