COMPANY REGISTRATION NUMBER: N1659180 CHARITY REGISTRATION NUMBER: NIC108193 Ballyvea Football Club Limited Company Limited by Guarantee Unaudited Financial Statements 30 June 2024 PURDY QUINN Chartered Accou ntants 42 Greencastle Street KILKEEL Co Down BT34 4BH
Ballyvea Football Club Limited Company Limited by Guarantee Financial Statements Year ended 30 June 2024 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 Lirnited by Guarantee Directors. Annual Report {Incorporating the Director's Report) Year ended 30 June 2024 The directors, who are also the directors for Ihe purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 30 June 2024. Reference and administrative details Registered charity narne 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 dlre¢tors 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 1AR 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) (continued) Year ended 30 June 2024 Structure. govemance and management (continued) Oryanisational structure and d8cision 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. In addition to the directors, the following individuals had served on the Committee during the financial year. Mark Haugh Geoff Beck (Resigned 5th November 2024) Harold McKibbin (Deceased 1 st February 20251 Wesley Haugh Mark Ballance Kenny Mcconnell Graeme McKibbin Mark Mcconnell Committee meelings were held monthly on the first Tuesday of the month. The average attendance is ten. The Annual General meeting was held 20th April 2024. 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 sali5fied 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, isability, political, religious or other opinion are to,. (i) advan amateur sport through provision of local football club in the Moume District Electoral Area (li) promole 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) (contlnuedj Year ended 30 June 2024 strategic report The following sections for achievements and performance and financial review form the strategic report of the charity Achievements and performance This has been a very posiknve year for the Club t)oth in terms of the running of OLsr Community Hub and in our core football activities. The range of activities happening in Ihe building week by week has increased, and our three senior teams along with around 130 youth players continue to represent the Club in local football leagues and oups. On the field, our First Team continued to consolidate their position in Mid Ulster League Division 1. Our Second team continued to settle in the Mid Ulster League, finishing fourth and earning promotion to Reserve Division 2 for the 2024-25 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 systsm. They also reached the final of the League Cup where they narrowly lost to Kilmore in the final. The Club conlinued to engage with the local community, hosting Brackenagh West Primary School Sports Day, a Christmas Football Fun Match and a Fun Day & Youth Toumament, 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 Chaimian level. This provides access to various training opportunities such as Coaching, Child Protection and First Aid. Senior teams The 2023-24 season saw our First team play at the highest Junior level in Mid Ulster League, Division One. The team, with new manager David Heaney. 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 ReseNes, was managed by Alan Graham and finished fourth in Reserve Division Three and thus gaining promotion to Division 2 for the 24-25 Season. The Thirds had a good league season and reached the final of the Kitrcom Plate. 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. Ladies football We were delighted to see Ladies football commence at the Club, with a group of around 20 ladies meeting each Wednesday evening for training, and playing a few friendly games.
Ballyvea Football Club Limited Company Limited by Guarantee Directors. Annual Report (Incorporating the Director's Report) (contlnued) Year ended 30 June 2024 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. Facllities development. Our Community Health & Wellbeing Hub continues to be a great community asset in the area. We have many bookings for birthday parties and family events, as well as 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 continues to be very well used, both for Club training and also bookings by groups for 5-a-side football. Brackenagh West PS also use the MUGA for football and hockey after-school clubs. 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 70 teams from across Co Down, Co Armagh and Co Antrim. This was a big club effort involving tlletnbers in car parking and food cooking duties, as well as the organi5ation of the tournament matches. Golf Classic This annual golf tournament took place at the end of August 2023 at Kilkeel Golf Club. Christmas Football Fun Day A game between Ballyvea Over 35s and Ballyvea Coaches provided great entertainment. £1,000 was raised to help local girl Bethany Pryce get neSSary disablement equipment. Brackenagh West PS Sports Day We were pleased to be able to offer oui facilities free of charge lo Brackenagh West PS for their 170 pupils to enjoy a sports day. Financial review The results for Ihe year are set out on page 8 of the accompanying financial statements. Ballyvea Football Club Limited's accounts for this year report a surplus of £11,979 12023 Deficit £3,205). This surplus is reported after depreciation for the year of £23,684 (2023 - £23,693), hence the surplus beft)re depreciation was £35,66312023- £2D,488}. During the year the club was able to make good progress on loan repayments. Capital of £4,612 was repaid to Community Finance Ireland. £4,010 was repaid on a supplier loan and £15.000 was repaid on the Club's supporter loans. As the monthly loan repayments to the supplier ended in June 2024, this allowed BFCL to increase the monthly payments to Community Finance Ireland to £1200 per month.
Ballyvea Football Club Limited Company Limited by Guarantee Directors. Annual Report (Incorporating the Director's Report) (continued) Year ended 30 June 2024 Financlal review (Continued) The Club ended the period with a balan of £3,123 (2023 - £3,674) in our Community Acccunt and £4,150 (2023 - £630) in our Deposit Account. The petty cash balan was £10D. Fundraisin Monthly standing orders reached £2,300 by end of the period. Fundraising events such as our Fun Day, and golf classic totalled around £8.000 We had around 30 sponsorship boards at our ground generating over £3.000. 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: Southern Health & Social Care £550 Development of Ladies football Newry Mourne & Down District Council £5,ClOO Purchases of SISIS Variseeder Going concern After making appropriate enquiries. the trustees have a reasonable expectation that the company has adequate resources to continue in operational exislence for the foreseeable future. For this reason they Continue to adopt the going concern basis in preparing the financial statements. Further details garding the adoption of the going conrn basis Can be lound in the Accounting Policies. Reserves policy The Trustees have estsblished a poliGy to designate funds for particular purposes, if decided necessary by the Board, and to restrict funds which are to be used ft)r 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 fvnds 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 on behalf of the board of trustees by. I-S-£ and signed Da Dir id Crutchle tor 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 2024 I report to the directors on my examination of the financial statements of Ballyvea Football Club Limited ('the charity.) for the year ended 30 June 2024. Responsibilities and basis of report As the directors of the company (and 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 accounls 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 65(9)(b) of the Charities Act, and state whether particular matters have come to me attention. Independent examinerfs 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 Charily Commission for Northern Ireland under section 65{9)Ib} 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 attenlion 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), Ihat 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 2024 I have completed my examination and have no concems in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no tnatters 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 stste 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. Dale Una Cunningham FCA Purdy Quinn Chartered Accountants Independent Examiner 42 Greencastle Street KILKEEL Co Down BT34 4BH
Ballyvea Football Club Limited Company Lirnited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 30 June 2024 2024 Restricted funds Total funds 2023 Unrestricted funds Total funds Note Income and endowments Donations and legacies Charitable activities Other trading activities Investment income Other income 37,280 27,058 9,485 43 1,075 5,000 42.280 27,058 9,485 43 2.260 46,747 21,859 10,855 22 1,280 1,185 6,185 Total incoffle 74,941 81,126 80,763 Expenditure Expenditure on charitable activities Total expenditure 9,10 47,661 21,486 21.486 69.147 83.968 47,661 69,147 83,968 Net Incomel(expenditure 26,280 (15,301) 11,979 (3,205) Transfers beeen funds {20.799) 20,799 Net movement in funds 6,481 5,498 11,979 (3,205) Reconciliation of funds Total funds brought fomard Total funds carried forward 3,604 541.723 545,327 548,532 10,085 547,221 557.306 545,327 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 21 fomi part of these financial statements.
Ballyvea Football Club Limited Company Limited by Guarantee statement of Financial Position 30 June 2024 2024 2023 Note Flxed assets Tangible fixed assets 17 660,820 679,165 Current assets Stocks Debtors Cash at bank and in hand 18 19 100 866 7,373 275 711 4,304 5,290 8,339 Creditors: amounts falling due within one year Net current liabilities 20 21,601 36,032 13,262 647,558 30,742 Total assets lep current liabilities 648,423 Creditors: amounts falling due after more than one year Net assets 21 90.252 103,096 557,306 545,327 Funds of the charity Restri¢ted funds Unrestricted funds 547,221 10,085 541,723 3,604 Total charity funds 23 557,306 545,327 For the year ending 30 June 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 20Q6 relating to small companies. D1CtOrS, responsibililies. The members have not required the company to obtain an audit of its financial ststements for the year in question in accordance with section 476., The direclors 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 21 form part of these financial statements.
Ballyvea Football Club Limited Company Limited by Guarantee Statement of Financial Position (contlnued) 30 June 2024 These financial statements were approved by the board of trustees and authorised for issue on ..g.).-.3 ..25., and are signed on behalf of the board by: vid Ciutchl Director Alan Blue Director Trevor Mcconnell Director The notes on pages 11 to 21 form part of these financial statsrnents. 10
Ballyvea Football Club Limited Company Limitsd by Guarantee Notes to the Financial Ststements Year ended 30 June 2024 General information The charity is a public benefit entity and a private company limited by guarantee, registered in Northem 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 complian with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland., the Statement of Recommended practi applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Acl 2006. Accounting policies 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 Ihe entity Going concern The Charity has invested significanl reserves 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 comtnitting funds to the Restricted resetves 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 lo the value of £33,000 in relation to the 'Hub' has been confirmed as having 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 performan, show that the Charity should be able to operate within the level of its currenl working capital. After making enquiries, the directors have a reasonable expectation that the Charity wi1 have adequate resources to continue in operational existence for the foreseeable future. For these reasons. they Continue to adopt the going conrn 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.
Ballyvea Football Club Limited Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 30 June 2024 Accounting policies (continu8d) 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 funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds. Incomlng resources All incoming reSoUrS are included in the statement of financial activities when entitlement has passed to the charity- it is probable that the economic benefrts associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: income from donations or grants is recognised when Ihere 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 trom 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 contracted seniice_ This is classified as unrestricted funds unless there is a Gontractual requirement for it to be spent on a parlicular 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 Statements (continued) Year ended 30 June 2024 Accounting policies (continued) 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 fLJndraising activrties, 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 further 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 expenditu that is neither related to raising funds for the charity nor part of its expenditure on charitable activilies. All costs are allocated to expenditure categories reflecting the use of the resour. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned beeen 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 2 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 cosl or valuation of an asset, less its residual value, ovei the useful economic life of that asset as follows.. Pitch Community Hub Plant and machinery EqLJipment Depreciated over the term of the lease 20/0 Straight line 200k straight line 200k straight line Financial instruments Basic financial instrutnents ale initially recognised at the amount receivable or payable including any related transaGtion costs. Currenl 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 (contlnued) Year ended 30 June 2024 Limiled by guarantee The CA)mpany is limited by guarantee of members and does not have a share capital. The liability of members is limited to £1. Donations and legacies Unrestricted Funds Restricted Totsl Funds Funds 2024 Donations Donations Gift aid 3,690 1,360 3,690 1,360 Grants Irish Football Association Halifax Barclays Community Football Fund Southem Health & Social Care Trust NMDDC Sustaining Sports Participation NMDDC Kickstart Fitness Project NMDDC Health Project 550 550 5,000 5,000 Sponsorship General sponsorship Kit sponsorship 375 1,180 375 1,180 Subscriptions Senior fees Youth Fees 10,690 19,435 10,690 19,435 37.280 5,000 42,280 14
Ballyvea Football Club Limited Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 30 June 2024 Donations and legacies (wntinued) Unrestricted Funds Restricted Total Funds Funds 2023 Donations Donations Gift aid 3,756 421 3,756 421 Grants I rish Football Association Halifax Barclays Community Football Fund Southem Health & Social Care Trust NMDDC Sustaining Sports Participation NMDDC Kickstart Fitness Project NMDDC Health Project 4,584 4,584 500 500 500 5DO 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 46,747 35,713 11,034 Charitable activities Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Youth Tournament Hall Hire Fees Pitch Hire Fees Fireside Quiz Five-a-side World Cup Competition Big Breakfast Christmas Market 9,490 14,448 1.445 515 9,490 14,448 1,445 515 6.520 9,051 3,108 6,520 9,051 3,108 300 560 1,000 1,320 300 560 1.000 1,320 1.160 1.160 27,058 27,058 21,859 21,859 15
Ballyvea Football Club Limited Company Limited by Guarantee Notes to the Financial Staternents (continued) Yearended 30 June 2024 Other trading activities Unrestricted Total Funds Unreslricted Total Funds Funds 2024 Funds 2023 Board income & advertising Golf Day Tuck Shop & Food sales Branded goods sale 3,800 4,390 1,295 3,800 4,390 1,295 4,150 3.100 1,395 2.210 4,150 3,100 1,395 2,210 9,485 9,485 10,855 10,855 Investment income U nrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Bank interest receivable 43 43 22 Expenditure on charitable activities by fund type Unrestricted Funds Restricted Total Funds Funds 2024 Advancement of Amateur Sport- Mourne Support costs 44,207 3,454 20,115 1,371 64,322 4,825 47,661 21,486 69,147 Unrestricted Funds Restricted Total Fundo Funds 2023 Advancement of Amateur Sport . Mourne Support costs 49,121 4.359 29,205 1,283 78,325 5,643 53,480 30,488 83,968 10. Expenditure on charitable activities by activity type Activities undertaken directly Support costs Total funds 2024 Total fund 2023 Advanment of Amateur Sport - Mourne Governance costs 64,322 2.092 2,733 66,414 2,733 81,443 2,525 64,322 4,825 69.147 83,968 16
Ballyvea Football Club Limited Company Limited by Guarantee Notes to the Financial Statements (continueclj Year ended 30 June 2024 11. Analysis of support costs Advancement of Amateur Sport - Mourne Total 2024 Totsl 2023 Governance costs Support costs - Consultancy Support costs - Bank fees Volunteer expenses 2,733 200 520 1,372 4,825 2,733 200 520 1,372 2,525 1,360 475 1,283 4,825 5.643 12. Net incomel{expenditure) Nel incomel{expenditure) is stated after chargingl(creditingl' 2024 2023 Depreciation of tangible fixed assets 23,684 23,693 13. Indepen(lent examination fees 2024 2023 Fees payable tc the independent examiner for: Independent examination of the financial statements other financial services 546 2.118 52D 1,970 2,664 2,490 14. Staff =asts The Charity had no staff during the period to 30 June 2024. All services provided to the charity were carried out on a voluntsry basis. 15. Trustee remuneration and expenses No remuneration or other benefits trom employment wilh the charity or a lated 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 the prior commitment of 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
Ballyvea Football Club Limited Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 30 June 2024 17. Tangible fixed assets Community Plant and Hub machinery Equipment Pitch Total Cost At 1 July 2023 Additions Disposals At 30 June 2024 181,649 519,452 27,947 6,330 18,554 747,602 6,330 (2,478) 751,454 (2,478) 16.076 181,649 519,452 34.277 Depreciation At 1 July 2023 Charge for the year Disposals At 30 June 2024 13,841 4,093 20,600 10,393 22,381 6,336 11,615 2,862 (1,487) 12,990 68,437 23,684 (1,487) 90.634 17.934 30,993 28.717 Carrying amount At 30 June 2024 163,715 488,459 5,560 3,086 66D,820 At 30 June 2023 167,808 498,852 5,56S 6,939 679,165 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. 18. Stocks 2024 2023 Raw materials and consumables 100 275 19. Debtors 2024 2023 Grant income receivable Other debtors 290 421 866 866 711 18
Ballyvea Football Club Limited Company Limited by Guarantee Notes to the Financial Statsrnents fcontinued) Year ended 30 June 2024 20. Creditors: amounts falling due within one year 2024 2023 UCIT loan Trade creditors Accruals and deferred income Other creditors 14,502 599 1,500 5,000 21,601 21,270 985 4,767 9,010 36,032 21. Creditors: amounts falling due after more than one year 2024 2023 UCIT loan Other creditors 57,252 33,000 55.096 48,000 90,252 103,096 22. Deferred income Grant income received in advance of the project costs have been recorded as deferred income. 23. Analysis of charitable funds Unrestricted funds Al 1 July 2023 At Transfers 30 June 2024 Income Expenditure General funds 3,604 74,941 <47,661) (20,799) 10,085 At 1 July 2022 At Transfers 30 June 2023 Income Expenditure General funds 7,864 68,669 {53.480} {19,449) 3,604 19
Ballyvea Football Club Limited Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 30 June 2024 23. Analysis of charitable funds fcontinuèd) Restricted funds At 1 July 2023 At Transfers 30 June 2024 Income Expenditure Pitch Fund Building Hub Fund Machinery Fund Grants Fund Annual Dinner 167,809 369,485 4,429 (4,093) {10,392) (5,629) 163,716 378,705 4,800 19,612 6.000 15,DOO) 187 5,000 1,185 (1,372) {21,486) 541,723 6,185 20,799 547,221 At l July 2022 At Transfers 30 June 2023 Income Expenditure Pitch Fund Building Hub Fund Machinery Fund Grants Fund Annual Dinner 161,475 370,152 9,041 (4,092) {10,300} (4,612) 110,201} (1,283) 130,488) 10,426 9.633 167,809 369.485 4.429 11,034 1,060 (8331 223 540,668 12,094 19,449 541,723 24. Analysis of net assets between funds Unrestricted Funds Restricted Total Funds Funds 2024 Tangible fixed assets Current assets Creditors less than 1 year Creditors greater than 1 year Net assets 3,845 8,339 (2,099) 656,975 660,820 8,339 (21,601) (90,252) 557,306 (19,5021 (90,2521 547.221 10,085 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 (36,032) (103,096) 545,327 (26,270) 1103,0961 541,723 3,604 20
Ballyvea Football Club Limited Company Limited by Guarantee Notes to the Financial Statements (continuod) Year ended 30 June 2024 25. Charges on assets The Department of Agriculture, Environment an(J Rural Affairs and Newry, Moume & 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 Gonditions as set out in the letter of offer. 27. Related parties The directors are the ultimate controlling party 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