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The Registration of Clubs (Accounts) Regulations (Northern Ireland) 2022

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Annual Statement of Accounts

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4.—(1) Within 3 months of the end of its financial year –

(a)a club, other than a small or medium club, shall:

(i)prepare an accruals account as specified in Part 1 of Schedule 2; and

(ii)cause such accruals account to be audited by an auditor.

(b)a medium club, shall:

(i)prepare an accruals account as specified in Part 1 of Schedule 2; and

(ii)cause such accruals account to be audited by an auditor or examined by an independent examiner.

(c)a small club shall:

(i)prepare an accruals account as specified in Part 1 of Schedule 2 or a receipts and payments account as specified in Part 2 of Schedule 2; and

(ii)where it has prepared an accruals account, cause such account to be audited by an auditor or examined by an independent examiner; or

(iii)where it has prepared a receipts and payments account, cause such account to be examined by an independent auditor.

(2) In this Regulation –

“medium club” means a club which in any financial year has a gross income that exceeds £300,000 and is less than £500,000 and is not required by its governing document to have a formal audit of its annual statement of accounts;

“small club” means a club which in any financial year has a gross income that does not exceed £300,000 and is not required by law or its governing document to have a formal audit of its annual statement of accounts.

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