PYL RF.C'1S"ITr-.RFD C'II.4RITI' N I'NI BF.R; SCOS?095 Re rt ofih I"Tusiees an Fin4inci411 Siaiemenis for Ihe Year Endc ian l.ooiball flub Ili5tori sci() • ??
SL [() ?0?? lor IhL YL'ar EndLd i l Dcccinbcr )11)4 Report ol. the Trustees Indcp¢tid¢ni F.Naminer's Report StaleJnLiii of Financial Aciivilies B7 lance Slicct NulL's to the Financial Siaicinents
Ilibcrnian l.-ooiball Club Ili5torical SL"IO ?0?? ort ()l-IhL I ruslLI fi)r Ih YLar l.. nded i l December ?0?4 I'he irusiees prLseni Iheir rtport wilh ihe financial SI¢M¢tS of th¢ £harity' for the )'ear ended i l Decembek ?0?4. '1'he Iru5tLLs hale 4idvplLd the pru% i5)L)N5 of AcLoulllin!? and RLponint b% L hariiies. %iaiiJn¢ni 4)f RL¢oniniLn&.d Practice applicahli ti) ihariiils prcparinbi ihcir aicounis in accordance Mith the Financial Rcportiny Silindard applif iible in Ihe Ll K an(1 Republic ol. IrLland IFRS 10?1 ILtTeLll¥i l Januan )0191 ()1l.IF.C'TI'F. .4Pq'l) AC'TIVITIF.- ()hj¢¢iii es #lid aini 'I'hL 1iIMs of Ilibcrniatl l.ooibJll Club Ili510riLal %C'lO ?ni? I'lhe hi%iorical iru%l" -Ih¢ Irusi'i are Ic) PN'%LrvL and prn% id4 accL's% 10 ihL Accissioned L'oll¢ciion of rnLrnorabilia relatin¥p 10 Ilibernian P7¢ball C'lub I'lhe Llijb 'Ihe lii(iiball Llub'l. pl&l)'Lfs and supp(Trrters includin¥ ihL' gen<ral aciiiiiie% of Ihe club and il% conirihuiioii io sP()nin¥ and uliural life in Scoiland. Page I
I libLrnian I.(1ball Club I li510rical SL I() 10?? lur IliL' Tr'L-Lir l.1idLd 311)CL¢mber ?0?4 011,1 l.'C'-I'II'F% AI I) ACTII'IT)F. AC'II ITr'.I'F'.1ITr.'l. ..IND I>F".KF ()K%I.4IC'L Activities during ihc pi'riod libLrnian I'IK)Ibdll C'lub Ili%li)riLal J-rus11%415 LStahlilied b% HI"rnItsn F-ooil)all C-lub in TrlJ(M i4iih Ihe Jini of proieriinb prLsirvinui diiil ¢duL411iTlIl Iin the hLril4l¥VL IilihL ILHball cluh. In l)iioIKr ryu?? a lici¥ charil%' lia5 lom)cd und¢r I1 namc ()l- I libemiiin l iKiihall Club Ilisli)riLal %CII) ?0!) ISC 041091 I IliL' LihJLLIi%L% l)I' IhL IIL%¥l% Iiiniied ili.Iriii .ing Ihe sainL &s The original historical irusi a5 sthi¢d above. 8inie ihl la%t Iru51ee repon lan YounLP sto(wJ doTr as chairperson and was replac¢d I, As ihaiT I would M'ish to pla¢L on rtcord m% g¥ratcful ihank4 to lan Young for all ihai hi lor il)i Iru lears and all Ihal he ronistLU¢S Iv do in 5UPlX)rt ot. irusi as a InJ51¢¢ and acliNc CLimmillce Mem1r. LI¥Lr man}. The la41 12 monihs hab'e Seen the cluh refurbi8h ih¢ farnou5 5 siand Su111ftg in th¢ his11)rical IN%1 ha% inb 10 inllL¥lll)11 iiiid bk"inbT unabl¢ IL? tsLCLss il (Lir somc nine monihs. %incc rL¥ainin&Tr Kccs5 lil Ihc ¢(>llLLIii)ll knvL h&id 10 rLslart ()ur eil()rt% in iemis of caiJlcJbuin¥ iiems a_s M'e hav¢ relo¢at¢d io aliernaiiwe laciliiie5 M'iihin tho l.ainous 5 51#nd. Our LullgLliun rl'mdins ariiund 10.fX)O indii idual ti¢nis IA'e art coiilinuine lo Hork a¢iiKeli i¥iih Ihe toni en%ure kei, illms ol. memorJbilia arL' PilSSLd 10 ihe Irusl fL)r 5411LkLLpifiL. Thi lJ%l fiiur %LaT% Jri currLiiilK in %ignilicani artilaci% and m<'mornbilia and we continu¢ lo work y iih ihe Llub io addrL'%% ihi% i%%uL in IIIL Iii)po Ili.'Ll 11114¢ giiP% are ¢lo%¢d. L. liai'L rLi¢nil% LiIILfL.d iTllii an abpfLemcnl M Iih ihL Club wilh re&yards 10 Ihc receipi of certain l)'pr5 vf ni¢mokabiliJ as a IrddLiill' li)r %iipp)riiiib Ilii iluh i¢i LNLlll% and %hi)I4casc8 wbihin the stadium. Pv%1 ¥LJr ¢iid lie liJ%k SU¥¥L55fulli %LiufLd 41 bif<iiil Iriiiii Illi SiiTrllish F(MTrih&ill ¥fii%¢um which has .IlloMcd u8 purch,1se 5UPPLTrrtLrs Iii SLe. A kei part of (he irusis work is io proMC ihe Irusi to a M id¢r audienrL of 5UPlXlrter5 dnd IAhL'r intLriNILd Idniis. TI) Ihi8 knd s%c ha¢ undL?rtakL'tI 5ei.eral e%eni% 10 5hoMcase lh¢ m¢mordbilia we hd¥e and Ihis hd5 b¢Yn well r¢4¢fvLd bi ih¢ urii)u% ¥riiup8 i%'e ha%e .ell ITh01ed Iih. li 15 our inlcTriiun ihai lie cuniinue With Ihis inio Ihi nLM findiiLiA ) Ltsr. he irnsi 1% ¢urycnilN in negoriaiion w'ith Ihe tiK)tball club to support a ii%ili)r CLlliLr IL)caiLJ i%iihin ih l)igiu.ssinii8 arL tsl an earl! st3bJc bul it 15 an oppxTrfluniTh Me are kccn io explorc panicularty. as IhL club cnic ¢ar and there M'ill be larious cien15 to w'hich Ihe historical Ift¢ Mill be aiiLndin¥i and displJi in¥7 Jnd mcm()rdbilia. %iadiuin it5 1 suih hlIra$tn Thi Iruyl lias iio Pdiij ildll'and no rLLulaT 50urcc ot. incoinc out M Iih dnnallrpn and tiindraising M'hich ii underLikcs Ihe 4IFrk i?I' IIIL ItiJ%li<% and li1[77111¢¢ iii¥iiilK'r% 8hc)uld bc ribThtl% CO1ccd all thcir time is givcn illingls Ircc of LhdfgL tLTr IhL ik'nlfil lif IhL hi%l(TrrILl1 irn%l l(> en%ur¢' thill Tr% 4Tr111 1)ur rol¥ iiTr priilectin£ prLscr% Iri¥p and Lducalin¥ aboul ihL hi51or% and herilabic of Ilibemian fiKAball club. Finall} I wvuld lik¢ Iv plaie un rviord mi brnieful Ihanks io all ihose ¥ho ha&L diinated anifac15 and mcmora coIILclion oier thL lJsl l ? months withLiuI thes¢ dundlivns Mi. Mliuld iii>l hJii a ii>lliilii)tl Ic) di%5)IdV a sincerel) ¥?rnleful tor all ihL support that rccei&L from i)iir suppoflLrn 4ind uiht Th Miiliin Ilie Liinimullii¥ ia io our 'c are (iordon h1ackaTr - Chair FINA%C'141. RF.I'IF.II' l[i(iTrriiL Iiir Illi iior indid i I tk'i¢mb¢r )0?4 Mas £? 104 1?013 £1.4_181 and clnd1(UrC £771 i•Ot3. £6331 creatinu a 5urplu5 1)f £1.33417073 £80) l Thc Ivlal rcfieThcs hcld ai ihi Jcar cnd is £67.47fi (?O?i: £(1().119? Pag¢ ?
H Ibernian Foi)Ihall Club Ilisiorical %ci() )o?I F-l Tr.4NCIAI. RF.I'I'.W R¢s¥r% p(Iliii I'hc PLiIiL% lor rLsLf¥c5 14 10 mainiain suificieni resenLS io coniinui io protect. preser¥e and educaie ah)ui he hLriiage vf thi IlibL'rnian fo()tbo11 Club. lIh no minitnum Icicl 5cI C'u¥rcnili ihL ¢horLn has rcserncs in Thi Qtneral t'und leicluding hLriiaLJe ¥(5)1)1' I4.81H I ?0?3.. £ j.6)Oi. (Jilen Ihc IOH L)i'Lrhcad rosis M Ith no linancial c()mWitmentS OT ongoing oNerh¢ad commiimkn15. Ihe Irusi¢¢s find ihi5 5uflicheni 10 coniinui for al ILi%i ihc nkxi l ? monih%. "I"li¢ ch1r11%. aini% lo bLJild reserves to allo¥ li lo continue iheir 01. and will re1¢ the r¢s¢Th¢S Posilion cac vear. TRIIC'TIIRF.. I:ON'F.RNA%CF. MA%AC-F.fvIF.NT (JO%'crnln% ducumtnt Ilibiriiiaii F kll)Iball i lub Hisiorical SC10 10?? hs a re4isiered chariil in SLoiland ISCOS?04)S1 r¢¥iisii d from ?7 (Icli)bL'r 711)) I his LhJiii¥' L%iablished ILI replace I I1.M1)i1 l.o(Nball L-lub IlisloricJl 'lrust ISCOJ i68ih I libl'mian iTrLiiball C'lub Ilisiorical 'l'ru%l 1SC'03$68jl OUnd up on :¥ ilueu%i !U:i and its a55¢1s and Ibbiliii¢s lu liiK'rniaii l-'LMiiball Club Ili%liiriLal S(-l{) I%QOSlOQ41 which Is a %ii)Iii%h C'hariiable InLiirporaied organi110n ISCIOI I he Iharity. 15 cvnirolled bi 115 kOlernIng diKumeni. a dL¢d uf iwsl and ¢onsliluie4 a Scotlish ('hJriiablL I ()r&ini%ation. corp()r4iicd K¢¢ruitiii¢iit Mnd ¥PWbinlmenl of nL'W IrUs1 I'IIL iiTrTi%liliiliim i)I' IlihLrni.iii Piii)Ih411 C-lub Hi%ioriial %C'I( ) ?0?? alliiws UP ILTr ninv ihdrii¥ Irusiee% In¥nibLr5 ThirL j5 PTO%'lSiibn lor sUPP()fTLr mLmbL'r I hili Jr¢ cyrrliiili six Iru%l¢¢'S and neH IruslL% a Irom ihl lu<al ¢ummiinii! boih supp()nLrs of arbd ihusL I41th iniiil%'LillL'III in HihLniiJti F'IK)Iball ('luh. dre full rLL¥Ult¢d Iniiial appoinimcnl is lor a rIOd ofihrL¢ Near5 althoubTh irusic15 can b¢ apw)int¢d lor a further thrcc )"car5. FiFF'I.'RI.-NI'F'. ,IWI) 41)%1 I YI%'I'RA'I'II'F.' I)I-.'1.41L 'rift¢ipal #ddri%% LJiiibJr LIIIO 711R ru%lees OV C on51ilulion SireLI -.dinburLih F.H6 ()KK Honrtrrari Prcsidtnt Page 3
Ilibemian F-ootball Club Ilisiorical scio ?0?? R¢piirt nfiliL, TrustLL lor IhL YL411 1""IidLd i I tk'LLmber ?O•J ,IpprniLd hi i)rder ot'ihl h(bard Dt"Irusi¢¢s on and si¥Dned on ils behalf b).: Pa¥¢ 4
IndL Lndeni l.N4iminir.¥_Il. (Irl lu IhL I ru51LL5 111. I repxirf un Ihl <lLLIIIITll% l(?r Iht. ¥'eAr enLIL(131 t)vLeiiibvr ?O?J %LI I)ill i)ii pabies si¥ li) I1¢. Respcitll L, rL'¥pvn5ibilitits 0( IrusleL'5 und eiatniner hl Llidrirn % Iriisiees LifL' re%p(111sible l-i)[ Ihl PlI'PLifitliL)n of th¢ dLLoiinls in &ILLUrdin(g 14.iih iht lems uf i& c"hiirilies and I ru£iee Ini'e%imeni (Scoilandl Act ?1105 and Ihe ('hariiies Accounis l 4coilandi Kegulations l{IU6 las amthdedl. -I'he eharilN's trnstCC5 con5idL T rhtsi Ihe Judil rLquirenient ol- Ke?ulaiion 101 I Iial 10 Ic i of the Accounis Retiulatiotss di)es noi cILLounis 17% requirL'(l uiidlr Scciion 4411 K¢) nt. IliL Aci anLI in .%tllL Mlicther paniLuli£ r mc11ters hiLNL L(Inic l(I dllLiIIion. BJsis uf (he iiidL'pendeiit exaiiiiner's rf purt prL'sLnied i¥iili IhosL r£Lor(l%. 11 110 inL112dL5 cli5¥¢.[11tloft ol- uniisual ilLrJis vr LIi4Llo%iirL5 in IhL )LIx)unIS. and seckinil Lxplanalions Ir()In Nou a% tTU%ILCS coniirniii,. ani such nialteT5 j-he procLduTL5 undcrtakLn do not pr()i'tde all Ihc L%'idLncL Ihai i¥oul(I bL rL4UlfLd in <in audit. L(?n5L'qULnil) I do noi LKpfL55 an ldi) upiniun on ihL %IL Ihc accounis. Indcpcndenl Claler,.5 statcnaent I l ) whicli ¥iiNes ML rLd50riablL cauSL lo bL"IILWL thai. iii aiii, nialerial rLspL'cl, Ilit requirL'inenis to) kLYp accvuni rL'CLirds in accordance Miih Scciion 441 l yal of the ?005 Aci dnd R¢gTulation 4 0 Ilccounis Reoulaiions: and io prepare accounts which accord ii'ith the accountin¢ re¢ord5 Dnd to coinpl J with K¢gulation g rlrcouni% Keftulaiions Ihe 1006 rh¢ havc not becn nict.. Of {?) i(Tr I111clI. In Lipiniun. alleniiL)n shuuld bL drdi¥ri in L)rilLr lu enable a pri)p¢r undLfsidndinÉi uf IhL dLcOuni4 tc) , redLhLd. &. PannLpi l.IlYlll¢d F.dinbLJr¥h EH6 6RR DatL'. l)aee S
tor Ilil YL<ir FndL(l J I l)LLember ?0?4
lJnr¢'%iriciLd
lund
RLsiricied
lund
Total
rund5
funds
N'(Iles
INC'I)%I F. A1) F.N1)()Wl F.NT.% FRO%1 I
Don
scio ?o?I ilaldnLL' %IILei 31 1)e¢LnihLr 70?4 fund rund fund% FIXTr.I) A%.4Tr.T HeriiJLJL' :1S.%eis 6?.h?? ciiiIRr.NT ASSF.T4 Q ash al bank and In hand 5.?b6 5.?66 4.1164 c'HI.'I)I'I()H AmoLtllls Icilling due wiihiii lie Jcar 1444} NF.T C'IIRRf.NT .4SSF.TS 4,R04 4.X(H 67.4?6 (17.470 F'l Yl).S 66.Q9! T()TAI. FI'NTrS 60.1}()! TIIL finJiiiidl siaieincnis were Jpproved b). IhL Hoard of 'lru%lfes and 4uihorisLd InT on 11 ILLL. 1¢2.f. I'hc noics forrn P¢1rt ot. these finaCIal statcnicnts )a¥L 7
I libeThian l.()oibdll Club Hisinrical %(-10 :o?? liir Ilie YcÉlr l..ndLd i I l)CCLinhLr )l}?4 ACC'()L.'NI'I NG P()LIC IF. Basi4 ()r prepariiig tlje fijidncidl statenienis I IIL Iitl(IiILial siatLniLni4 ill- th¢ Lh<lrilN. MhiLh 15 public bL'nL'fil cniilN under l.'RS 10? hE7c becn rcp3r¢d aiid RipnniiiL b%. C'liariiies.. %&tlLIIILni ul- kLlC)iiiiiiciidLd Praciire appliiable to ih)riiies prlparing IhLir 'iLLounis in aLLIITdanLL %Triih l.-iniL ncial RLpcifiiiiLY Sianddrd dppIiL<ibl< In Ihe IIK and RL'public of IrLlii nd 11.-kS 10?) (Llliitii'i l Januar% l.'inaTicial RLponing Siaiidard 10? 'The Finaniili l Reponini. sicinil.lrd applicabl¢ in the LIK and Rcpublic of IrLI(In(I' and the ChiiriliL'% and Trustee Investrneni (Scoilandl Act ?00$. The fjnancial siatcmeni4 hai'e been preparcd under ihc hi%iorical co%1 convenii()n. I'hL <lLL()unl5 are pre5enlLd in 5tcrling iiliich is tlie charii) s fullLlional CUenCy. and rounded lii ihe nearest puund. CvoinR Caneern A4 41.?ILcl 111 Ilie resernL5 pulicN' on page ? the 'fruslees consider ihal there are no n)alerial uncertainiils aboui ihe charilies dbililN' to conlillue as a 4Toino concern. Aceuunlinx L5timatL5 and areas of judgemeiil hc prLpJraiii)n of IliL lin1n£la1 51aiemL'n15 ei)nft)mis ith th¢ requiremell15 01- the Ch1r]I1t5 SOkP Ind g7¢neral aicLpiLLI aiLoulliin! principles. The onli area in M hich il is considLrcd thai accouniing? ¢siim3iLs areas of jud<Trincnl ha%c bcen applied is depreciatiiln. Ihe policK on i4hich is outlined belom. Inc()me AII iiiii)IiiL is rccn¥Trni%id in ihL %iaiemeni ol- l.-in<inLldl ALliviliL% vnLL Ihv charil%' has Lnliilcnienl io thL funds. it is prvbablc thai the znLUtnc M ill be receivcd and thc arnounl can bc mcasured rclili blN. F.11)endiiur¢ LiibililiL5 arL' re¢ofynised a5 expendtture as soon as theTC is u Icoal or constrllcilc nhligjiion cothiiiin¥ the chaTIIN lo ihai expenditure. li is probable Ihai a iranslcr i)f economic biniliis 111 be required in seilctncnl and rhe anii)uni nt. Ihe obljiaiii¥n L(In bL' tneitsuiL'(I rL'liabl¥. ENpLndiluTL i% aLcounled lor on dn accrual% h&81% aiid lias been Llab%iliL.d undLI hLcidiiiiy% IhiL l a£gre4TalL all c05t relatLd to tlic catc&Jor)'. W'hLr¢ ci)%l% cannoi be dirL'LIIy altribuicd lo particular licadinlbs (hei haki been alli)caied 10 aLIi%TliLs on a ba.41s LilllS1Slent i¥iili the of rcsoyr¢es. Tynkiible fiicd a55Ct5 DLprcLiaiiotl Is provided ai (he lolloiiing annual raies in order ILI u'riie otT each a55ei over its e51iAicd uscful Fixliirc5 iind firtiniTS 330.0. on cost Hi'rilii¥L #ssL15 IlibLrnian l.'ootball Club ho¢ given Iheir memorabilia in irusi 10 the charit5. The trustees do not fe iicnis i¥ill fall in value and hale iherelore dmortlsed them. Lhai Ihesc TaiJtion -T IIL chiiritN 1% exempi from iaK on 115 Lharitable aLlivitie5. Fund accounting Unre%irici¥d funds can be iisLd in accordance with the charitable objectives al the discr¢iion ot-lhe iru*ee5. ReslriLIL'd liind5 can ()Iil} bc uscd for panicular rlslricted purposL% 1th1n ihe objL'Lts uf the charitv. RL8lriill£)ns arise specificd h} th< donor or when lund% are raised fL)r partilular reslritled putPU5es. '#1 HibLniian l.ooiball C lub Ilisiorical Trus1 is noi V A T reei51ered and therefore all expendirurc is sho of V A"I". inclusive cobtinucd
Ilibernidn l.noiball Club Hisiorical c-10 ?01? li)r Ihc YL,. ()TIIfr.R 'I'R.4DINI- AC-TII'ITIF.S FundrJi%ing> cvenis 500 IN%'F-.S"TP+1 FNT IYC'OM F.. Dcposil account iniere81 B<liik- Ll)nip¢nsaiion 166 C'IIARII'ABLF. AC.-TII'ITIF.S COST Dirtct Co%is (see nutt 51 Suppi)rt Liislblsee nolc 61 l oials Chariliible AciiN'ities 309 771 DIRF.'C'I' C-()ST4 C)Tr CIIAIIIT ABLF. ACTII'ITI F.5 Repairs &. displaN eipcnses F.¥"eni expenses OIIILL eApcTrse5 49 189 309 189 SliPPORT COSTS crnance ChariiablL' ALlivities 46? TRIISTF.F.S' RE%1 I IINER.4TION A) D lIF, F.FITS I licrc were no trusiee%' rimuneraiiun or uihL T b¢nefils for the vcar ended 31 Deccnibcr ?074 nor fir ihe )ear endLd 31 1)ccLmber ?0?3. Trustees. expenses ThLrL' 'ere no tru5tee5' expenses paid for Ihc N'ear ended 31 December ?074 nor for the i l Diceiiibcr ?O)- ar ended PagTe 9 co41inued...
I Iiblmian l00lbiill Club Ilisiorical i'io ?o?I liir Ihl Year l-.ndL'(l _Tr I l)LLcnibcr ?{1?4 COMPARAI'IV'FS FC)R THF. %TATF.MF.NT OF FINANC'IAL AC'TlVI'rib' Restritted lund fund INC()MF. AYI) F.NDOW".%lb'ST.4 TrR()11 Donc11ion5 and lebTacies 77? 77? Oihcr 11<1dinLTr acliviiies Inve%iinLni inLome 500 166 166 I'otal 1.4i8 EXI'F.N I)I'I I1R Tr". 63) 63) NET IliC'C)IM F. 805 SO_S RFC-I)N'C'I I.IA TION OF FU N'D Tuldl fund% bToughi ton¥ard TOTAL F-LIIDS C.4RRIF.D FC)RII.'ARD TANGIBLE FIXF.I) A.SSFTS iiiures Ind COST Ai l JanuLir% ?074 and 31 DeLetnbeT ?0?4 1.474 DF.PRFCIATIO Ai i JaiiLILln )11?4 Iqnd ) l DeLembeT ?0?4 1.474 F.T EIOOK VALUE Ai i l DLiL TiihLr 7114 Ai i l Deiember ?02 j 10 coiiinued...
Ll() )0?? HF.IIII'A(-F. A%STr.T Total r1klRKF.TVAI.IIF. Additions 150 At 31 Dlccniber ?0?4 Tr4F.T IJOOK VAI.11 F Ai i I l)LLLinbLr ?11?4 6?.6?7 Ai i l DeLembeT ?013 RF.I)ITI)R%: A%I()IINI TS F-ALLINI. I)L.E WI'I'IIIN ONE I'r.AR Other ircdiiors 46? 444 ION'FMFNT IN FIINDS TnovLmeni in lund5 Ai Unre5trictcd GcnL TLII fund 66.09? 1.334 TC)T AI. FIJ 66.09? 67.4?6 Nci Tl)ovenient in funds. included in ihe aboTre are as Ivlloms.. InLomin¥ resourccs Resi)urces expcnded )ement fund5 L nri'tri¢ied fund$ G<nL.[IS lund 17711 TOTAI. FUND l.ii4 Comparatiie5 for mu%'crnenl in (und5 Nel mokcinLnl in lunds Ai 1.1.23 L ttrc5triclcd Gcniral t'uiid 805 66.091 TOI"AL fr"UND. 805 66.09? Loolinucd...
liir lh¢ Y¢ar En(led .1 I l)¢cembeT ?074 m0vr1 F.NT IN FII ND%- continued Comparaiii'e nei movement in funds. included in ihe abo&e are a5 follows.. Resources e¥pciided moL]n¢ni n lunds rcsources L rhrestricted funds General fund 1,4i8 1633} 805 TOTAL F"L,IDS 1.438 16i3} 80.$ 13. RF.I.ATF.D I'ARTY DISCLOSURF.S 'I"here wer¢ no rclated pani Iransaciions for the N'ear ended i l December ?0?4 nor the lear ended i I l)cceiiiber Page l?