109367
CCNI No.
Ethnic Minority Sports Organisation Northern Ireland (EMSONI)
Financial Statements
For the Year Ended 31/03/25
Page 1
||Ethnic Minority Sports Organisation Northern Ireland|
|---|---|
||Information|
|Ofce|Townsend Enterprise Park|
||Belfast|
||BT13 2ES|
|Accountants|Insight Business Services|
||53 Bernice Road|
||Newtownabbey|
||BT36 4QZ|
|Bankers|HSBC|
||25-29 Royal Avenue|
||Belfast|
||BT1 1FB|
Page 2
## Ethnic Minority Sports Organisation Northern Ireland
||Page|
|---|---|
|Examiner's Report|4|
|Statement of Financial Activities|5|
|Balance Sheet|6|
|Notes to the Financial Statements|7 – 8|
Page 3
## **Ethnic Minority Sports Organisation Northern Ireland**
## **Independent Examiner's Report to the Members of Ethnic Minority Sports Organisation Northern Ireland**
Ethnic Minority Sports Organisation Northern Ireland (EMSONI) is a registered charity. I report on the accounts of EMSONI for the year ended 31/03/25 , which are set out on pages 6 - 9.
## **Respective responsibilities of Trustees and examiner**
EMSONI’s committee members are responsible for the preparation of the accounts. The members consider that an audit is not required for this year. As a charity, good Practice as set out in the Charities Act (NI) 2008) suggests that an independent examination is needed. EMSONI’s gross income exceeded £25,000 and I am qualified to undertake the examination by being a qualified member of the Chartered Institute of Management Accountants
Having satisfied myself that EMSONI is not subject to audit and is suitable for independent examination, it is my responsibility to:
- examine the Accounts
- to follow the procedures laid down in the general Directions given by the Charity Commission
- to state whether particular matters have come to my attention.
## **Basis of independent examiner’s report**
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by EMSONI 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 the Committee concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a “true and fair view” and the report is limited to those matters set out in the statement below.
## **Independent Examiner's Statement**
- In connection with my examination, no matter has come to my attention: (1) which gives me reasonable cause to believe that in any material respect the requirements: - to keep accounting records in accordance with section 386 of the Companies Act 2006; and - to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Derek Browne ACMA Insight Business Services
53 Bernice Road Newtownabbey, BT36 4QZ
Page 4
## **Ethnic Minority Sports Organisation Northern Ireland**
**Statement of Financial Activities for the period ended 31/03/25**
|**Statement of Financial Activities**
**for the period ended**
**31/03/25**|**Statement of Financial Activities**
**for the period ended**
**31/03/25**|
|---|---|
|**2025**
**2024**
Restricted
Unrestricted
Total
Funds
Funds
Notes
£
£
£||
|Income
Grant
98,648.20
27,031.75 125,679.95
65,922
Other Income
0.00
4,648.40
4,648.40
1,605
Total Income
**98,648.20**
**31,680.15 130,328.35**
**67,527**||
|||
|Charitable Expenses
98,648.20
19,992.51 118,640.71
63,009
Administrative Expenses
0.00
1,250.00
1,250.00
500
Total Expenses
**98,648.20**
**21,242.51 119,890.71**
**63,509**||
|||
|Net Incoming/(Outgoing) Resources
**0.00**
**10,437.64**
**10,437.64**|4,018|
|||
|Net Movement of Funds in the Period
**0.00**
**10,437.64**
**10,437.64**|**4,018**|
|||
|||
There are no recognised gains or losses other than the profit or loss for the above financial year.
The notes on page 7 and 8 form an integral part of these financial statements
Page 5
## **Ethnic Minority Sports Organisation Northern Ireland**
**Balance Sheet As at 31/03/25**
||£|**2025**
£
|**2025**
£
|**2025**
£
||**2024**
£|
|---|---|---|---|---|---|---|
|Notes|||||||
||||||||
|Fixed Assets||0.00||||0|
||||||||
|Current Assets
Debtors
Cash at bank and in hand|||||||
|||0.00
11,006.24
11,006.24||||0
5,882|
|||||||5,882|
|Creditors: amounts falling due
within one year|||||||
||||2,250.00|||2,564|
||||||||
|Net Current Assets|||**8,756.24**|||3,318|
||||||||
|Total Assets less current liabilities|||8,756.24|||3,318|
||||||||
|Creditors: amounts falling due
after more than one year
Loan|||||||
||||||||
|||||0.00||5,000|
||||||||
|Net Assets|||**8,756.24**||-1,682||
||||||||
|Capital and Reserves
Reserve Fund
Proft and Loss Account
Total Funds|||||||
||-1,681.40
10,437.64||**8,756.24**||-5,700
4,018
-1,682||
||||||||
||||||||
||||||||
The financial statements were approved by the Committee on ................................ signed on its behalf by:
Signed
Name
................................................................................................ ................................................................................................
Page 6
## **Ethnic Minority Sports Organisation Northern Ireland**
## **Notes to the financial statements For the year ended 31/03/25**
## **1. Accounting Policies**
## **1.1 Accounting convention**
The financial statements are prepared under the historical cost convention and follow the recommendations in 'Accounting and Reporting by Charities: Statement of Recommended Practice'
## **1.2 Incoming resources**
Voluntary income is received by way of donations and gifts and is included in full in the Statement of Financial Activities when receivable. Gifts donated for resale are included as income when they are sold. Donated assets are included at the value to the charity where this can be quantified and a third party is bearing the cost. The value of services provided by volunteers has not been included.
Grants, including grants for the purchase of fixed assets, are recognised in full in the Statement of Financial Activities in the year in which they are receivable.
## **1.3 Resources Expended**
Resources expended are recognised in the year in which they are incurred.
## **1.4 Tangible fixed assets and depreciation**
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Plant and machinery 25% straight line Fixtures, fittings and equipment 25% straight line Motor vehicles 33% straight line
Page 7
## **Ethnic Minority Sports Organisation Northern Ireland**
## **Notes to the financial statements For the year ended 31/03/25**
|**Notes to the fnancial statements**
**For the year ended**
**31/03/25**|**Notes to the fnancial statements**
**For the year ended**
**31/03/25**|
|---|---|
|**2. Grant Income**
**2025**
**2024**
£
£
Government Grants
125,680
54,568||
|||
|**3. Operating gain/(defcit)**||
|
**2025**
Operating gain is stated after charging:
£
Depreciation and other amounts written of
0
Accountant's remuneration
1,250|**2024**
£
0
500|
|||
|**6. Debtors**
**2025**
£
Trade Debtors
0|**2024**
£
0|
|||
|||
|**7. Creditors: amounts falling due within one ye**
**2025**
£
Trade creditors
0
Other Creditors
2,250
Accruals and deferred income
0
**2,250**|**2024**
£
0
500
4,842|
||5,342|
|||
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