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 ne￿SSary 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 con￿rn 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 be￿een 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.
D1￿CtOrS, 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 wi￿1 have
adequate resources to continue in operational existence for the foreseeable future. For these
reasons. they Continue to adopt the going con￿rn 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 reSoUr￿S 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
be￿een 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
Advan￿ment 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