2023-06-30-accounts - Phoenix Parents' Council

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Charity Number: 101852

Phoenix Parents' Council

Annual Report and Unaudited Financial Statements for the financial year ended 30 June 2023

Phoenix Parents' Council CONTENTS

Page Reference and Administrative Information 3 Trustees' Report 4 Statement of Trustees' Responsibilities 5 Independent Examiner's Report 6 Statement of Financial Activities 7 Balance Sheet 8 Notes to the Financial Statements 9 - 10 Supplementary Information relating to the Financial Statements 12

Phoenix Parents' Council REFERENCE AND ADMINISTRATIVE INFORMATION

Trustees

Katrina Smith Fiona Wylie Carrie Brisbane

Charity Number in Northern Ireland

101852

Principal Address

Phoenix Integrated Primary School 80 Fountain Road Cookstown Co Tyrone BT80 8QF Northern Ireland

Independent Examiner

K Magill and Company Chartered Accountants 2 Church Street Ballygawley Dungannon Co. Tyrone BT70 2HB Northern Ireland

Phoenix Parents' Council TRUSTEES' REPORT

for the financial year ended 30 June 2023

The trustees present their Trustees' Report and the unaudited financial statements for the financial year ended 30 June 2023.

The financial statements are prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

The Trustees' Report contains the information required to be provided in the Trustees' Annual Report under the Statement of Recommended Practice (SORP) guidelines. The trustees of the charity are also charity trustees for the purpose of charity law and under the charity’s constitution are known as members of the board of trustees.

In this report the trustees of Phoenix Parents' Council present a summary of its purpose, governance, activities, achievements and finances for the financial year 30 June 2023.

Mission, Objectives and Strategy

Mission Statement

We provide an opportunity for children of all faiths and none, from different cultural and social backgrounds to be educated together in an atmosphere where they are all equally valued. At Phoenix Integrated differences are respected and celebrated. The governors, staff and parents work in partnership to ensure that pupils receive a high-quality education within a caring and stimulating environment. We aim to deliver a broad, balanced and creative curriculum, through which we can nurture the individual talents and abilities of each child, ensuring that they each reach their potential.

The purpose of the Parents Council is to advance the education of pupils by:

Developing effective relationships between staff, parents, pupils and others associated with the school.
Organising and Engaging in fundraising activities to provide facilities/ equipment which support the school and advance the education of the pupils.

Our Parents council has a committee of 5 members (Trustee’s) as the committee we:

Provide a link between the parents and the school in terms of helping parents understand school policies and procedures.
Help parents to articulate and school to understand practical issues that are important to parents.
Help to build relationships between the school and the local community and help the school to play its role in the community.
Pursue and support social opportunities for staff and parents to meet.
Raise funds for equipment and services to support the school and advance the education of the pupils.
Manage the allocation of these funds appropriately.
Engage in activities to support the school building its sustainability in the terms of prospective enrolments.

The parent’s council members adopted a model constitution developed specifically for Northern Ireland by PTA-UK[for Parent’s councils and parent teacher associations, effect from January 2018. ]

Financial Review

The results for the financial year are set out on page 7 and additional notes are provided showing income and[expenditure in greater detail. ]

Results and Dividends

[At the end of the financial year the charity has assets of £3,554 (2022 - £0.00) and liabilities of £0.00 (2022 - £0.00). ]

Compliance with Sector-Wide Legislation and Standards

The charity engages pro-actively with legislation, standards and codes which are developed for the sector. Phoenix Parents' Council subscribes to and is compliant with the following:

[- ] The Charities SORP (FRS 102)

Approved by the Board of Trustees on 20th March 2024 and signed on its behalf by:

fiona wylie ________Katrina Smith Katrina (Mar 21, 2024 16:32 GMT) ________Fiona Wylie fiona wylie (Mar 25, 2024 11:25 GMT) Trustee Trustee

Phoenix Parents' Council STATEMENT OF TRUSTEES' RESPONSIBILITIES

for the financial year ended 30 June 2023

The trustees are responsible for preparing the financial statements in accordance with applicable law and regulations.

The law applicable to charities in Northern Ireland requires the trustees to prepare financial statements for each financial year which give a true and fair view of the assets, liabilities and financial position of the charity as at the financial year end date and of the surplus or deficit of the charity and otherwise comply with the Charities Act (Northern Ireland) 2008.

In preparing these financial statements, the trustees are required to:

select suitable accounting policies and apply them consistently;
observe the methods and principles in the Charities SORP
make judgements and estimates that are reasonable and prudent;
state whether the financial statements have been prepared in accordance with the relevant financial reporting framework, identify those standards, and note the effect and the reasons for any material departure from those standards; and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The trustees confirm that they have complied with the above requirements in preparing the financial statements.

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act (Northern Ireland) 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention[and detection of fraud and other irregularities. ]

Approved by the Board of Trustees on 20th March 2024 and signed on its behalf by:

________Katrina Smith KSmith ________Fiona Wylie Fiona Wylie Trustee Trustee

Phoenix Parents' Council INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES OF PHOENIX PARENTS' COUNCIL

We have examined the financial statements of the charity for the financial year ended 30 June 2023, which comprise the Statement of Financial Activities, the Balance Sheet and the related notes.

This report is made solely to the charity's members, as a body, in accordance with the Charities Act (Northern Ireland) 2008. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the Board of Trustees that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's members, as a body, for our work, or for this report.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act (Northern Ireland) 2008. The charity's trustees consider that an audit is not required for this financial year under the Charities Act (Northern Ireland) 2008 and that an independent examination is required.

It is our responsibility to:
examine the financial statements under section 65 of the Charities Act;
follow the procedures laid down by the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act; and
state whether particular matters have come to our attention.

Basis of independent examiner's report

We have examined your charity financial statements as required under section 65 of the Charities Act and our examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements and seeking explanations from the 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 matters set out in the statement below.

In connection with our examination, no matter has come to our attention which gives us cause to believe that in, any material respect:

accounting records were not kept in accordance with section 63 of the Charities Act
the financial statements do not accord with those accounting records
the financial statements have not been prepared in accordance with the 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 (FRS102)
there is further information needed for a proper understanding of the accounts to be reached.

Independent examiner's statement

We have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

__________Kieran Magill BSc (Econ) FCA FCPA AFTA K MAGILL AND COMPANY

Chartered Accountants 2 Church Street Ballygawley Dungannon Co. Tyrone BT70 2HB Northern Ireland

[Date: ][20th March 2024]

Phoenix Parents' Council STATEMENT OF FINANCIAL ACTIVITIES

for the financial year ended 30 June 2023

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |Unrestricted|Total|Unrestricted|Total| |Funds|Funds| |2023|2023|2022|2022| |Notes|£|£|£|£| |Income| |Activities for generating funds|3.1|4,455|4,455|-|-| |─────── ─────── ─────── ───────| |Expenditure| |Other expenditure|4.1|901|901|456|456| |─────── ─────── ─────── ───────| |Net incoming/outgoing resources before transfers|3,554|3,554|(456)|(456)| |Gross transfers between funds|-|-|-|-| |─────── ─────── ─────── ───────| |Net movement in funds for the financial year|3,554|3,554|(456)|(456)| |Reconciliation of funds| |Balances brought forward at 1 July 2022|-|-|456|456| |─────── ─────── ─────── ───────| |Balances carried forward at 30 June 2023|3,554|3,554|-|-| |═══════ ═══════ ═══════ ═══════|

----- End of picture text -----

The Statement of Financial Activities includes all gains and losses recognised in the financial year. All income and expenditure relate to continuing activities.

The notes on pages 9 to 10 form part of the financial statements

Phoenix Parents' Council BALANCE SHEET

as at 30 June 2023

		2023	2022
	Notes	£	£
Current Assets
Cash at bank and in hand		3,554	-
		───────	───────
Net Current Assets/(Liabilities)		3,554	-
		───────	───────
Total Assets less Current Liabilities		3,554	-
		═══════	═══════
Funds
General fund (unrestricted)		3,554	-
		───────	───────
Total funds		3,554	-
		═══════	═══════

Approved by the Board of Trustees and authorised for issue on 20th March 2024 and signed on its behalf by

________Katrina Smith KSmith ________Fiona Wylie Fiona Wylie Trustee Trustee

The notes on pages 9 to 10 form part of the financial statements

Phoenix Parents' Council NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 30 June 2023

1. GENERAL INFORMATION

Phoenix Parents' Council is a charity incorporated in Northern Ireland. The registered office of the charity is Phoenix Integrated Primary School, 80 Fountain Road, Cookstown, Co Tyrone, BT80 8QF, Northern Ireland which is also the principal place of business of the charity. The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the charity.

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the charity’s financial statements.

Basis of preparation

The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102", applying Section 1A of that Standard.

As permitted by the Companies Act 2006, the charity has varied the standard formats in that act for the Statement of Financial Activities and the Balance Sheet. Departures from the standard formats are to comply with the requirements of the Charities SORP and are in compliance with section 4.7, 10.6 and 15.2 of that SORP.

Statement of compliance

The financial statements of the charity for the year ended 30 June 2023 have been prepared on the going concern basis and in accordance with the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) applying Section 1A of that Standard.

Income

Voluntary income or capital is included in the Statement of Financial Activities when the charity is legally entitled to it, its financial value can be quantified with reasonable certainty and there is reasonable certainty of its ultimate receipt. Grants for activities are recognised as income when the related conditions for legal entitlement have been met. All other income is accounted for on an accruals basis

Expenditure

All resources expended are accounted for on an accruals basis. Charitable activities include costs of services and grants, support costs and depreciation on related assets. Costs of generating funds similarly include fundraising activities. Governance costs are those associated with constitutional and statutory requirements.

Cash at bank and in hand

Cash at bank and in hand comprises cash on deposit at banks requiring less than three months notice of withdrawal.

3.	INCOME
3.1	ACTIVITIES FOR GENERATING FUNDS	Unrestricted	Restricted		2023	2022
		Funds		Funds
		£		£	£	£
	Fundraising	4,455		-	4,455	-
		═══════	═══════		═══════	═══════
4.	EXPENDITURE
4.1	OTHER EXPENDITURE	Direct			2023	2022
		Costs
			£		£	£
	Admin expenditure		901		901	456
		═══════		═══════		═══════

continued

Phoenix Parents' Council NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 30 June 2023

5. RESERVES

	2023	2022
	£	£
At 1 July 2022	-	456
Surplus/(Deficit) for the financial year	3,554	(456)
	───────	───────
At 30 June 2023	3,554	-
	═══════	═══════

6. POST-BALANCE SHEET EVENTS

There have been no significant events affecting the Charity since the financial year-end.

PHOENIX PARENTS' COUNCIL

SUPPLEMENTARY INFORMATION

RELATING TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 JUNE 2023

Phoenix Parents' Council

SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS

Operating Statement for the financial year ended 30 June 2023

	2023	2022
	£	£
Income	4,455	-
	───────	───────
Cost of generating funds
Supper with Santa	238	-
Easter Eggs	231	-
End of Year Ice-Cream	270	200
Donation to School	-	123
Sports Day Refreshments	21	-
iTube Music Subscription	29	-
Easter Jar Sweets	14	-
Christmas Decoration Logs	98	-
	───────	───────
	901	323
	───────	───────
Gross surplus/(deficit)	3,554	(323)
	───────	───────
Expenses
Accountancy	-	120
Bank charges	-	13
	───────	───────
	-	133
	───────	───────
Net surplus/(deficit)	3,554	(456)
	═══════	═══════

The supplementary information does not form part of the financial statements

Final Accounts 30 June 2023

Final Audit Report

2024-03-25

Created: 2024-03-21 By: Kieran Magill (K Magill & Company Ltd) (deborah.magill@magillaccountants.co.uk) Status: Signed Transaction ID: CBJCHBCAABAA8HW2chZZjRuziX1WQikfZghMQCaFO5PY

"Final Accounts 30 June 2023" History

Document created by Kieran Magill (K Magill & Company Ltd) (deborah.magill@magillaccountants.co.uk) 2024-03-21 - 12:53:42 PM GMT

Document emailed to Katrina (smith-k1@hotmail.co.uk) for signature 2024-03-21 - 12:53:59 PM GMT

Document emailed to fiona (fionawylie83@gmail.com) for signature 2024-03-21 - 12:54:00 PM GMT

Email viewed by Katrina (smith-k1@hotmail.co.uk)

2024-03-21 - 4:28:56 PM GMT

Signer Katrina (smith-k1@hotmail.co.uk) entered name at signing as Katrina 2024-03-21 - 4:32:42 PM GMT

Document e-signed by Katrina (smith-k1@hotmail.co.uk)

Signature Date: 2024-03-21 - 4:32:44 PM GMT - Time Source: server

Email viewed by fiona (fionawylie83@gmail.com)

2024-03-25 - 11:23:19 AM GMT

Signer fiona (fionawylie83@gmail.com) entered name at signing as fiona wylie 2024-03-25 - 11:25:23 AM GMT

Document e-signed by fiona wylie (fionawylie83@gmail.com) Signature Date: 2024-03-25 - 11:25:25 AM GMT - Time Source: server

Agreement completed.

2024-03-25 - 11:25:25 AM GMT