K MAGILL & COMPANY C'l lilll'fEKED ALCnUKI'Th [% Chari Number: 101852 Phoenix Parents. Council Annual Re ort and Unaudited Financial Statements for the financial ear ended 30 June 2024 Accounting foryourfvture" 11A1.I.YGAWLEY I DUNtsANNON I IIEI.FAsf i ¥ww.rn4%lllarrouni4nts.rn.uk CHAPTEIIEO ILA
Phoenix Parents. Council CONTENTS Page Reference and Administrative Irrfomiation Trustees, Report Statement of Trustees, Responsibilities Independent Examiner's Report statement of Financial Adivities Balance Sheet Notes to the Financial Statements 10-11 Supplementary Information relating to the Financial Statements 13
Phoenix Parents. Council REFERENCE AND ADMINISTRATIVE INFORMATION Tntstees Fiona Wylie Katrina Smith Carrie Brisbane Charlty Number In Northern Ireland 101852 Principal Address Phoenrx Integrated Primary School 80 Fountain Road Cookstovm Co Tyrone BT80 8QF Northem Ireland Independent Examiner K Magill and Company Chartered Acxountsnts 2 Churth Street BallygavAey Dungannon Co. Tyrone BT70 2HB Northem Ireland Banker5 Santander Jgness Banking Operations Sunderfand &143 4FW
Phoenix Parents. Council TRUSTEES. REPORT for the financial year ended 30 June 2024 The trustees present their Trustees, Report and the unaudited finanaal stalements for the financial year ended 30 June 2024. The financial statements are prepared in accordan with the Charities Acl {Northem Ireland) 2008, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities." Statement of Recommended Practi applicable to charibes preparing their financial statements in accordance with the Financial ReportiThJ Standard applicable in the UK and Republic of Ireland IFRS 102). The Trustees. Report ¢xsntains the infomation required to be provided in the Trustees, Annual Report under the Stslement of Recommended Practice ISORPI 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, g0veman, activities, achievements and finances for the financial year 30 June 2024. 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 aknosphere where they are all equally valued. At Phoentx Integrated differenr£s are respected and lebrated. The govemors. staff and parents work in partnership to ensure that pupils receive a high-qualily education wthin a caring and stimulating environment. We aim to deliver a broad, baland and creative curriculum, through which we can nurture the indivKlual talents and abiltties of each chikj, ensuring that they each reach their potential. The purpose ofthe Parents Counol is to alfvan the education of pupils by". Developing effective relationships between staff, parents, pupils and others associated with the school. Organising and Engaging in fvndraising activrties lo provide frdcilitiesl equipment which support the school and advan the education of the pupils. Our Parents council has a committee and ve.. Provide a link behveen the parents and the school in ten5 of helping parents understand school policies and procedures. Help parents to articulate and school to understand practical issues that are important to pants. Help to build relationships between the sthool 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 Servi to support the school and advan the education of the pupils. Manage the allocation of these funds approprialety. Engage in activities to support the school building ils sustainabilty in the temis of prospective enrolmenls. The parent's council members adopted a model constitution developed specifically for Northem Ireland by PTA-UK for Parent's counals and parent teather associations, effect from January 2016. Financial Review The results for the financial year are sel out on page 8 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 £12.382 (2023 £3,554) and liabilities of £0.00 12023 £0.00). The net assets of the charty have increased by £8,828.
Phoenix Parents. Council TRUSTEES. REPORT for the financial year ended 30 June 2024 Compliance with Sector-wide Legislation and Stsndards The charity engage5 pro-actively with legislation, standards and codes which are developed for the sector. Phoenix Parents, Council subscribes to and is compliant wtth the following- The Charities SORP IFRS 1021 Approved by the Board of Trustees on 16 October 2024 and signed on its behalf by: Katrina Smith Trustee Fiona Wylie Trustee
Phoenix Parents. Council STATEMENT OF TRUSTEES. RESPONSIBILITIES for the financial year ended 30 June 2024 The trustees are responsible for preparing the finanryal statements in accordan with applicable law and regulations. The law applicable to tharities in Northem Ireland requires the trustees to prepare financial statements for each financial year which give a true and fair view of the assels. liabilities and financial position of the charity as al the financial year end date and of the sufplus or defiot of the chanty and otherwise comply with the Charities Act (Northern Ireland) 2008. In preparing these finanryal statements, the trustees are required to= select suitable accounting poli¢ies and apply them consistently.. observe the methods and principles in the Chanties SORP make judgements and estimates that are reasonab and prudent., stste whether the financial statements have been prepared in accordan wrth the relevant financial reporting framewort, 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 c£*nrn basis unless rt is inappropriate to presume that the charity will continue in operation. The trustees confimi that they have complied wth the above requirements in preparing the financial statements. The trustees are responsible for keeping adequate accounting records that are suffiaent to show and explain the charity's transactions and disclose wth reasonab acojracy at any time the financial position of the charity and enable them to ensure that the financial statements comply wtth the CharitEs Act INorthem 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 irregularrties. Approved by the Board of TteeS on 16 October 2024 and signed on its behalf by: Katrina Smith Trustee Fiona Vvylie Trnstee
Phoenlx Par•nts' Council INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES OF PHOENIX PARENTS, COUNCIL We have examined the finan 8tatwn¢nts of the Gharity kn tho finan¢ial year 8ThJ8d 30 June 2024, whlth comprlse th¢ Statement of FanUal AclWts, the 8alonc• S?1 ana m8 rothted notss. This rnport is m•J• sowy to tho ¢hariV¥ Mbe, as a body. in accordance with th• ChAribes Act INorthom Irelandl 21KJ8. Our WO has en undortakèn #o that wo m¥ht tt)Mpl the finaneial #tat•m•nts that w• have boon engaged lo npl, wort lo the Board of Tnjstees that we have don8 so, aThJ state those matters that we have agrtcd lo stat• lo them in rtFort aThl for no other purpo. To thv fule5t extent pernltt8d Oy Lqw. we do not pt oi assLWn¥ Iwsblllty to anyone thr man tho charrty dmrtys nbOr¥. as a t, for our wort, or for thL% reporL Rosp•¢th• rnsponslbllltl• ol trust• •nd •xmln•r The charty's Irust8es are rèsponsiblo for the prepar•tw ol t financi•l slalaments in aC18n¢¢ with the requiremgnts of Ihe Ch•rib• AGt INothm Ireland) 2008. thanty's Iru51¥9• that an audll 1$ not require¢1 for this financial year uThJer Ihe Charitos h£t (Nothm Ireland) 2(N)8 and that an Independènl examination is wryuirEd. 11 is our responSl'ty lo.. examine the finanual statements ur#Jer $8dion 85 of the clrIt Att, fomow lh• proeedurgs lah1 ty tho 9gnernl Diro¢tiona given by Iho Charity Commk6ion foi Notttin IrpFdnd urh4èr section 6519llbl of ts Chan¢s AGI", and whetr rticular mknrs have come to our att8nMn. &•Ji3 of Ind•p•ndtrnt •xamln•f rwjort We havg gxamined your chanty financial statnts ¥$ roquir•J urthr lion 65 of th• Chantios kt and our examinabon was carritd tsut in aceordari¢6 with the ynerydl Dir¢tion$ gplen by trè Chority Commwjsion lor Ngrth•m Ireland undèr secbon 8Sl9llbl of the Charrtw Am examinatw indLKl8s a review T)r ts arwunting rEcoirls kgpl by th• Gharrtyy and a Gomparwn uf thp finand•l sOnts prè8•nt&J wth those record5. 11 akno Includes consideralKin of any unusual rtems or disdosures in financwl statements and seeking expkqna1fis from the tNstees concerning a)y such matters. The uTrYertaken do not tyove all th• •vdènc@ that woukl required in an audit and consaquÈnlty nts opInn is 9N•n 49 lo whothw lh• •ccoun¢s w•Mnt a 'true and lairf vi and the rwrt Iwnited to thc4e matt•rs t tyJt in t itstgment bèb3W. In conwvtion 1h our ¢xarn•iatM)n, no rnattef has ativntion whth 91 us cause to thai in, any Mateal te$perA. occounung 1g¢or05 were not kept ac10•n¢4 wth sectA 83 ofttNg char08 Act the financial statements do not accord wrth those accountiro records the finanaal stal8m8nts havo not b8on propar•J in •ccord4n¢• wrth thg Statamont of Roccffnmended Pr8¢t ¥pplIcab to ¢harthos prnp•rin9 Iheir accounts in •¢ae• ¥rith the FinancKqI ReporbrwJ Standard applicabkn In th¢ UK and RepuWK of Ireland IFRS102) there is fvrther infomialion needed for a Proper Undorstyrry of the accounts DO rnachett. Ind•wnd•nt •x•mln•f• *wn•nt We have no conc8ms and have ctyne across no other mattèrn m eonrbon with tho ¥xamination to which attenlvJn shoukl b8 dr&vn in thty r•port in ordw to enable a propw underntrnding of the finanrAal stat•m•nts to be reached. Kleran Magill Bsc (Econl FCA FCPA AFTA K MAGILL AND COMPANY Chartered Accountants 2 Church SIrt Baltygaw Dungannon Co. Tyrone BT70 2HB North•m Iroland Dat•: 16 OCtor 2024
Phoenix Parents. Council STATEMENT OF FINANCIAL ACTIVITIES for the financial year ended 30 June 2024 Unrestricted Funds 2024 Totsl Unrestricted Funds 2023 Total 2024 2023 Notes Income Other income 10.438 10,438 4,455 4,455 EXpendiVe Other expenditure 1.610 1.610 901 901 Net incomingloulgoing resources before transfers Gross transfers befften funds 8,828 8,828 3,554 3,554 Net movement in funds for the financial year 8,828 8,828 3,554 3,554 Reconciliation of funds BalanS brought forward at 1 July 2023 3.554 3,554 Balances carried forward at 30 June 2024 12.382 12,382 3,554 3,554 The Statement of Financial Activities indudes all gains arKI losses recognised in the finanaal year. All income and expendrture relate to continuing activilEs. The notes on pages 10 to 11 fomi part ofthe finan(ial statements
Phoenix Parents. Council BALANCE SHEET as at 30 June 2024 2024 2023 Notes Current Assets Cash at bank and in hand 12,382 3,554 Net Current Assets 12.382 3,554 Totsl Assets less Current Liabilities 12.382 3,554 Funds General fund lunrestrictedl 12,382 3,554 Total funds 12.382 3,554 Approved by the Board of Trustees and authorised for issue on 16 October 2024 and signed on its behalf by Katrina Srnith Trustee Fiona Wylie Trustee The notes on pages 10 to 11 fomi part ofthe finan(ial statements
Phoenix Parents. Council NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 30 June 2024 GENERAL INFORMATION Phoenix Parents, Council is a charrty ino)rporated in Northem Ireland. The registered Offi of the charity is Phoenix Integrated Primary School. 80 Fountain Road: Cookstown, Co Tyrone, BT80 8QF, Northem Ireland which is also the principal place of business of the tharity- The finanual statements have been presented in Pound Sterling (£1 which is also the functional currency of the tharity. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following accounting policies have been applEd consistently in dealing with items which are considered material in relation lo the charity's financial statements. Basis of preparation The financial stslements have been prepared under the historical cost convention and in accordan with Part 8 of the Charities Act (Northem Ireland) 2008. They also comply with the Statement of Recommended Practice {SORP 2005, as updated in 20081 and Vth the financial reporting standards. The following accounting poliryes have been applied consistently in dealing Imth items which are considered material in relation to the charty's finanaal statements. ststement of compliance The finanual statements of the charity for the year ended 30 June 2024 have been prepared on the going concern basis and in accordan wth the Statement of Recommended Practi ISORPI "Accounting and Reporting by Charib'es preparing their a(xounts in accordance wth the Finanaal Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 {effective 1 January 20151" and FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" applying Section 1A of that Standard. Incorne Voluntary income or capital is included in the Statement of Finanaal Activities when the charity is legally entitled to it, its financial value can be quants.fied wrth reasonable certainty and there is reasonable rtaInty of ils ultimate receipt. Grants for activities are recognised as income when the related conditions for legal entidement have been met. All other income is accounted for on an accruals basis Expenditure All reSoUrS expended are accounted for on an accruals basis. Charitable activrties include costs of services and grants, support costs and depreciation on related assets. Costs of generating fvnds similarly include fundraising acts'vities. Govemance 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 thdrawal. INCOME ACTIVITIES FOR GENERATING FUNDS Unrestricted Restricted Funds Funds 2024 2023 Fundraising 10.438 10.438 4,455 EXPENDITURE OTHER EXPENDITURE Direct Costs Other Costs Support Costs 2024 2023 Other expenditure 1.610 1.610 901 10
Phoenix Parents. Council NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 30 June 2024 RESERVES 2024 2023 At 1 July 2023 Surplus for the financial year 3,554 8.828 3,554 At 30 June 2024 12,382 3,554 POST4ALANCE SHEET EVENTS There have been no significant events affecting the Charity Sin the finan(aal yearend. 11
PHOENIX PARENTS. COUNCIL SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 JUNE 2024 12
Phoenix Parents. Council SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS Operating Statement for the financial year ended 30 June 2024 2024 2023 Income Halloween Disco Supper with Santa Speed Quiz & Raffle Sports Day Refreshment Stand Christrnas Log Fundraiser Easter Jar Fundraiser Scavenger Hunt Christmas Craft Fayre Mov* Night Bingo Night Easter Egg Decoration Competition Teacher Forfeit Fundraiser End ofyear Raffle 501 568 990 2,024 210 326 196 141 300 1,204 266 220 216 7.600 10,438 4,455 Cost of generating funds Supper with Santa Easter Eggs End of Year Ice£ream Sports Day Refreshments iTube Music Subscripb'on Easter Jar Sweets Christmas Decoration Logs Halloween Disco Christmas Craft Fayre Selection Boxes Easter Eggs Decoration Competition Bingo Night Teacher Forfeit End ofyear Raffle Bus Payment to School 238 231 270 21 29 280 98 122 229 128 11 247 500 1.546 901 Gross surplus 8.892 3,554 Expenses Accountancy Bank charges 60 Netsurplus 8,828 3,554 The supplementary infomiation does not fom part of the finanaal slalements 13