FERMANAGH TALKING NEWSPAPER AssoaATION FINANaALSTATEMENTS FOR YEAR ENDED 31 MARCH 2025
FERMANAGH TALKING NEWSPAPER ASSOCIATION Independent examlner's report to the trustee5 of Fermanagh Talking Newspaper Assoclation We report on the Accounts of the Assoclation for the year ended 31 March 2025, which are set out on pages 2 to 4. Respective responslbilitles of trustees and examiner The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year and that an independent examination is needed. It is our rep50nsibility to.. examine the accounts to follow the procedures laid down in SORP 2005 to state whether particular matters have come to my attention Bas15 of independent examiner's report Our examination was carried out in accordance with the guidance issued under The Statement of Recommended Practice- Accounting and Reporting by Charities issued in March 2005. An examination includes a review of the accountinE records kept by the charity 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 explanation5 from you as trustees 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 matter5 set out in the statement below. Independent examlner's statement In connection with our examination, no matter has come to our attention- 111 which gives us reasonable cause to believe that in any material respect the requirements: to keep accounting record5 to prepare accounts which accord with the accounting records and comply with SORP 2005 have not been met; or 121 to which, in our opinion, attention should be drawn in order to enable a proper understanding of the account to be reached. ,,L,ill,c Ll MacNeary Rasdale & Co Ltd Chartered Accountants and Reglstered Audltors Wellington House 30 Darling Street Enniskillen Co. Fermanagh BT74 7EW 13th May 2025
FERMANAGH TALKING NEWSPAPER ASSOQATION statement of trustee¢ resp(#IbIlses & Statement of dSsclosure of Informatlon to reportlr Accountants Statement of trustees. responslbllllles The trustees are responslble for preparlng the Trustees, Report and the financial statements in accordance with applicable law and regulation SORWS requires the trustees lo prepare financial statements for each financial year which give a true and fair view of the state of affairs of Ihe charltable association as at balan sheet date and of Its incomlng resources and appllcatlon of resources. Indudln8 Income and expermalture. for the financlal vear. In preparlng those finandal statements, the trustees are required to: - Select suitable accountlng pohcies and ath them consistentlv: - Make judgements and estlmates that are reasonable and prudent; - State whether applicable attounting standards have been followed, subject to any material departures disdosed and expla#1 in the financial statements - Prepare the flnancial statements on the golng concern basts unless it is inappropriate to presume that the company wlll continue in business. They are also responslble for safeguarthng the assets of the company and hen for taking reasonable steps for the preventlon and deteCn of fraud and other Irregularities. ststement of dls¢losure of Infonnatkm to reportlng accountants So far as each of the trustees in offe at the date of approval of these financlal statements are aware: - There ts no relevant accounting Inforniatlon of which the associations accountants are unaware; and - They have taken all the steps that they ought to have taken as trustees in order to make themselves aware of any relevant accounting information and to establish that the assoclatlon's accountants are aware of that infomiation. By Order of the Board of Trustees 13th May 2025
FERMANAGH TALKING NEWSPAPER ASSOCIATION Statement of FlnancSal Actlvltles Ilncludlng Income and Expendlture Account) For the Year ended 31st March 2025 Unrestrlcted Funds Unrestrlcted Funds 2024 2025 Incomlng resources Incoming resources from generated funds: Voluntory income Donations Western Health and Social Care Trust Bank Interest RCD 405.00 1,197.50 3,574.68 252.02 25.00 3,885.25 285.87 Total Incomlng Re50urce5 from charltable actlvltles 4,576.12 5,049.20 Resources expended Costs of generated fund5: Charltable Actlvltles: Insurances Postage and Stationery Advertising Travel costs Bank Fees Telephone Sundry Office expenses Membership Subscriptlons Repairs and Maintenance USB Sticks, cables and player Training AGM Expenses 689.37 60.13 98.90 1,031.05 63.77 846.12 190.39 62,00 107.48 639.86 50.00 381.50 876.60 64.16 742.36 287.98 62.00 120,77 238.03 220.00 3,369,21 3,463.26 Net movement In funds for the year:. Net gain on resources for the year 1,206.91 1,585.94 Reconciliation offund5 Total of funds as at 31st March 2024 24,044.08 23,218.14 25,250.99 24,804.08 Less: Depreclatlon 1516.00) (760.001 Total of funds as at 31st March 2025 24,734.99 24,044.08 All incoming resources and resources expended derive from continuing activities
FERMAPIAGH TAU(ING NEWSPAPER ASSOCIATION Balance Sheet as at 31st Marth 2025 2025 2024 Flxed Assets Net 8ook Value 1st April 2024 2.579.00 3,339.00 Less Oepreclatlon wrltten off S16.00 760.IXI 1063.00 2.S79.00 Current Assets Cash at bank and in hand: Ulster Bank Ltd Current Account Ulster 8ank Umited 8usiness Reserve Account Cash In hand 1.314.38 21,308.23 49.38 22.671.99 1,496.75 19,932.36 3S.97 21,465.08 Net Current Assets 22,671.99 21.465.08 Total Net Assets 24.734.99 24.044.08 resented b :. Accumulated Fund 8alance at l April 2024 Surplus for year 24.044.08 690.91 23.218.14 825.94 8alance at 31 March 2025 24,734.99 24,044A)8 Approved and authorlsed on behalf of the trustees on 13th May 2025 Ms Marlon McLau8hlin Mrs Pauline FlanaBan