E-sign ID= 6db47280-44bO-4677-a43d-3cd31aldd2bO Charity registration number.. 109149 Drumaness Mills FC Youth Football Financial Statements Period Ended 31 May 2024 KPS Chartered Accountants Chartered Tax Advisers Registered Auditors 35 Irish Street Downpatrick Co. Down BT30 6BW E-sign ID= 6db47280-44bO-4677-a43d-3cd31aldd2bO Drumaness Mills FC Youth Football Financial Ststements Period Ended 31 May 2024 Contents Page Charity Reference and Administrative Details Trustees, Annual Report Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 7-10 E-sign ID= 6db47280-44bO-4677-a43d-3cd31aldd2bO Drumaness Mills FC Youth Football Charity Reference and Administrative Details Period Ended 31 May 2024 Charity registration number 109149 Trustees Mr Eamonn Foley Mr Darran McQuoid Mr Gavin McEvoy Mrs Vicky McQuoid Mr Mark Kerr Accountsnts KPS Chartered Accountants Chartered Tax Advisers Registered Auditors 35 Irish Street Downpatrick Co Down BT30 6BW E-sign ID= 6db47280-44bO-4677-a43d-3cd31aldd2bO Drumaness Mills FC Youth Football Trustees Report Period Ended 31 May 2024 The Trustees present their annual report and the financial statements of the charity for the period ended 31 May 2024. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" {FRS 102) in preparing the annual report and financial statements of the charity. Trustees of the charity The trustees who have served during the period and since the period end were as follows: Eamonn Foley Darran McQuoid Gavin McEvoy Vicky McQuoid Mark Kerr Public benefit statement The charity has given careful consideration to the Charity Commission for Northern Ireland's guidan￿ on public benefit to ensure that the activities entered into during the period have helped to achieve the charity's objectives and activities as well as providing public benefit. Achievements and performance The charity did not carry out any activities during the accounting period. Financial review The results for the period are set out in detail on pages 5 to 10. Reserves policy The club's policy is to maintain sound financial control with a policy of charging sensible rates for membership, players dues and football gear to ensure healthy reserves to cope with any unforeseen costs that may arise. Plans for future periods Plans for the future include updating the club's business plan and seeking sources of funding to help finance the cost of the development of the club and its facilities with the aim of growing the club to provide more opportunities for young people to develop their skills and attain their full sporting potential. We also aim to provide a safe and positive alternative space to enable young people to develop their personal skills and gain confidence. Structure, governance and management Drumaness Mills FC Youth Football is managed by a small number of trustees. Many hours are given free of charge to ensure the smooth running of the club and we are committed to providing facilities for and to promote participation in the amateur sport of football in the Drumaness area and its environs in Co. Down. E-Sign ID: 6db47280-44b0-4677-a43d-3cd3fafdd2b0 G McEvoy Gavin McEvoy 06/05/2025 E-Sign ID: 6db47280-44b0-4677-a43d-3cd3fafdd2b0 Kps KPS 06/05/2025 E-sign ID= 6db47280-44bO-4677-a43d-3cd31aldd2bO Drumaness Mills FC Youth Football Statement of Financial Activities Period Ended 31 May 2024 Unrestricted Restricted funds funds 2024 Total Note Funds Donations Charitable activities Fundraising Expendlture on: Raising funds Charitable activities Total expenditure Net funds l (deficit) Transfer from restricted funds Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried fO￿ard 10 10 10 All income derives from continuing activities. The statement of financial activities includes all gains and losses recognised during the period. E-Sign ID: 6db47280-44b0-4677-a43d-3cd3fafdd2b0 G McEvoy Gavin McEvoy 06/05/2025 E-sign ID= 6db47280-44bO-4677-a43d-3cd31aldd2bO Drumaness Mills FC Youth Football Notes to Financial Ststements Period Ended 31 May 2024 1 Summary of significant accounting policies (a) General information and basis of preparation The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by 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) (Charities SORP {FRS 102)), Charities Act (Northern Ireland) 2008 and UK Generally Accepted Practice. The charity has applied Update Bulletin 1 as published on 2 February 2016 and does not include a cash flow statement on the grounds that it is applying FRS 102 Section 1A. The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. (b) Funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. (c) Income recognition All incoming resources are included in the Statement of Financial Activities {SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received. For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled. Donated facilities and donated professional services are recognised in income at their fair value when their economic benefit is probable, it can be measured reliably and the charity has control over the item. Fair value is determined on the basis of the value of the gift to the charity. For example, the amount the charity would be willing to pay in the open market for such facilities and services. A corresponding amount is recognised in expenditure. E-sign ID= 6db47280-44bO-4677-a43d-3cd31aldd2bO Drumaness Mills FC Youth Football Notes to Financial Statements Period Ended 31 May 2024 No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102). Further detail is given in the Trustees, Annual Report. (d) Expenditure recognition All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. It is categorised under the following headings.. Costs of raising funds includes of draw expenditure., Expenditure on charitable activities includes costs associated with running the club- and Other expenditure represents those items not falling into the categories above. Irrecoverable VAT is charged as an expense against the activity for which expenditure arose. (e) Administration costs allocation Administration costs are those that assist the work of the charity but do not directly represent charitable activities and include office costs and governance costs. They are incurred directly in administration of the objects of the charity. Where administration costs cannot be directly attributed to particular headings, they have been allocated to cost of raising funds and expenditure on charitable activities on a basis consistent with use of the resources. The analysis of these costs is included in note 5 and note 6. (f) Tangible fixed assets Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Costs in relation to land and buildings are being depreciated over a period of 5 years at a rate of 200h per annum on a straight-line basis. (g) Stocks Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate. (h) Debtors and creditors receivable I payable within one year Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure. E-sign ID= 6db47280-44bO-4677-a43d-3cd31aldd2bO Drumaness Mills FC Youth Football Notes to Financial Statements Period Ended 31 May 2024 (i) Going concern The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern. Income from donations 2024 Income from donations Income from charitable activities 2024 Income from charitable activities Fundraising 2024 Fundraising events Analysis of expenditure on raising funds 2024 Expenditure on raising funds Analysls of expenditure on charitable activities 2024 Administration costs Net incomel(expenditure) for the year Net income/(expenditure) is stated after charging l (crediting)-. 2024 Depreciation of tangible fixed assets E-sign ID= 6db47280-44bO-4677-a43d-3cd31aldd2bO Drumaness Mills FC Youth Football Notes to Financial Statements Period Ended 31 May 2024 Creditors: amounts falling due within one year 2024 Creditors Creditors: amounts falling due after one year 2024 Creditors 10 Fund reconcillation Unrestricted funds Balance at19 April 2023 Balance at Income Expenditure Transfers 31 May 2024 General funds Restricted funds Balance at 19 April 2023 Balance at Income Expenditure Transfers 31 May 2024 Santander Foundation 10 This Document has been Signed with a **secure electronic signature** via E-Sign. ## **Envelope Details** |**Title**|Drumaness Mills FC Youth Football| |---|---| |**Author**|KPS (info@kpsca.co.uk)| |**Envelope Created on**|Tue, 06 May 2025 11:12:36| |**Envelope ID**|6db47280-44b0-4677-a43d-3cd3fafdd2b0| ## **Document Details** |**Title**|Drumaness_Mills_FC_Youth_Football_-_Financial_Statements_-_Period_ended_31.05.2024.pdf.pdf| |---|---| |**Digital Fingerprint**|6ed70bab-ae5d-4042-8510-f2dfa9d393d3| **Document Signers** Scan/Click the QR Code to view signature information |**Document Signers**Sca|n/Click the QR Code to view signature information| |---|---| |**Name**|**Gavin McEvoy**
Gavin@gourmetfoodsni.com
**SIGNED**at Tue, 06 May 2025 18:20:59 BST(+0100)
7aa1a695-dab1-42a1-8c42-569e53bac7be
**Kyran Smyth**
ksmyth@kpsca.co.uk
**SIGNED**at Wed, 07 May 2025 11:28:30 BST(+0100)
31822d08-2ce3-4edd-a28b-7cde1c1176e7
**Kyran Smyth**Signed the Document (IP: 151.2.227.100)| |**Email**|| |**Status**|| |**Signature Fingerprint**|| |**Name**|| |**Email**|| |**Status**|| |**Signature Fingerprint**|| |**Document History**
**Wed, 07 May 2025 11:28:31**|| |**Tue, 06 May 2025 18:21:00**|**Gavin McEvoy**Signed the Document (IP: 217.41.19.116)|