Docuslgn Envglopg ID., B47374DE-108140EE-86DF-A65027664E62 Downey House PTA Unaudlted Financlal Stataments 31 August 2024 Charlty Reglstratlon Number: 102084 DoGusign Envelope ID.. B47374DE-108140EE-86DF-A65027664E62 Downey House PTA Financlal Statements Year ended 31 August 2024 Page Trustees, annual report Independent examiner's report to the trustees Statement of financial activities Statement of financlal position Notes to the financlal statements Docuslgn En￿lOpe ID.. B47374DE-108140EE-86DF-A6S027664E62 Downey House PTA Trustees, Annual Report Year ended 31 August 2024 The trustees present their report and the unaudited financial statements of the charity for the year ended 31 August 2024. In July 2024 the Methodist College Board of Govemors announced that Downey House would close on 20th December 2024. The aim of the PTA since that date is to create fond memories of the school for all its remaining pupils and also fund an event on the last day of the school to celebrate its long history and the legacy it leaves. Reference and adminlstratlve details Reglstered charlty name Downey House PTA Charity reglstratlon number 102084 Prlncipal office Downey House School 9 Pirrie Park Gardens Belfast BT6 OAG The tru8ts88 Catherine Donnelly Sarah Gray Debra Stevenson Susan McNeill Sheila Nunn Kate Weir Nicola Smyth Lucy Mccutcheon Accountants William Imlson Chartered Accountants 25 Shore Road Holywood Co Down BT18 9HX Structur•• governance and management The charity'5 governing document 18 its constitution. The objects of the charity are detailed in the objectives and activities paragraph below. Objectlves and actlvltles 1. Charitable purposes The purpose of the Association I'the Purposes,) is to advance the education of pupils in the school in parts'cular by.. Developing effective relationships between the staff, parents and others associated with the school- Engaging in activities or providing facilities or equipment which support the school and advance the education of the pupils. Doojsign Envelopè ID: B47374DE_108140EE_88DF_A65027664E62 Downey House PTA Trustees. Annual Report (conlinuad) Year ended 31 August 2024 2. Charitable activities Plans and organises seasonal festivities and events for parents and children at the school, (eg Halloween Party, Christmas Fayre, Summer Fun Night) which are both an opportunity for fundraising and for fostering closer relations be￿een families and within the school. Supports school events eg by providing coffee shops at sports day and Christmas concert. Has set up and runs a second-hand uniform shop for parents. Supports the school in encouraging a safer environment for pupils e.g. by promoting Road Safety Week, arranges social events aimed at bringing parents closer together e.g. Parent's Quiz Nights, supplements fundraising efforts by hosting one-off events- e.g. non-uniform day. Provides vrtal equipment for school - in the past this has been interactive white boards, and playground equipment. Our recent proj8Ct5 include the refurbishment of the school library and compuler suite. Achlevements and performance During the year the committee organised a number of events Including events at Hallowe'en, Christmas and Easter. There was also a "Break the Rules Day", Sponsored Bounce, Colour Run. Prep Festival, Second Hand Uniform Sale, Quiz Night, Leavers Disco. The charity also contributed to after school sports clubs (with assistance from a Sport Nl grant) and contributed to school trips and workshops. Publlc Beneflt Purpose 1-. Improved relationships between home and school The benefit which flows from this purpose includes funding for additional resources for the school and links built with the local community. This is demonstrated through having an active PTA that works in partnership with the school and engages parental support. This purpose does not lead to harm. The benefit is for children at Downey House School. Charity trustees (PTA committee members) are usually also parents at the school which their children attend and hence gain benefit in the same way as all other beneficiaries. This benefit is incidental and necessary to ensure the benefit is provided to all beneficiaries. Purpose 2.. Advancing the education of pupils in the school The benefit which flows from this purpose includes increased educational progress and attainment of pupils in the school and links built with the local community. This is demonstrated through pupils having access to resources, events, activities and links with the local community which are not available through direct school funding. This purpose does not lead to harm. The benefit is for children at Downey House School. Charity trustees (PTA committee members) are usually also parents at the school which their children attend and hence gain benefit in the same way as all other beneficiaries. This benefit is incidental and necessary to ensure the benefit is provided to all beneficiaries. Appolntment of Charlty Trustees The charity shall actively promote a board of trustees which indude a range of skill, experience and knowledge in keeping with pursuance of its objects. Docusign Envelope ID.. B47374DE-108140EE-88DF-A6S027664E62 Downey House PTA Trustees. Annual Report (contsnueol Year ended 31 August 2024 Financial revlew As at 31 August 2024 the charity holds an amount of £11,959 in reserves. This is to ensure that there is adequate cover for any contingencles. The trustees, annual report was approved on 23 June 2025 and signed on behalf of the board oftrustees by.. $IHn•dty- Aa¢5A2919ECE498 Catherlne Donnelly Chair Downey House PTA Independent Examiner's Report to the Trustees of Downey House PTA Year ended 31 August 2024 Basis of Independent examinerfs report I conducted my examination in accordance with the Directions to Independent Examiners made by the Charity Commission in Northern Ireland, setting out the duties of an Independent Examiner in relation to the conducting of an Independent Examination. An Independent Examination includes a review of the accounting records kept by the charity and of the accounting systems employed by the charity and a comparison of the financial statements presented with those record5. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from, as Trustees, concerning such matters. The purpose of the examination is to establish as far as possible that there have been no breaches of charily legislation and that the financial statements comply wilh the SORP, on a test basis, of evidence relevant to the amount and disclosure in the financial statements. The procedures undertaken do not provide all the evidence that would be required in an audit, and information supplied by the Trustees in Ihe course of the examination is not subjected to audit tests or enquiries, and consequently I do not express an audit opinion on the view given by the financial statements, and in particular, l express no opinion as to whether the financial statements give a true and fair view of the affairs of the charrty, and my report 15 limited to the matters set out in the statement below. I planned and performed my examination so as to satisfy myself that the objectives of the Independent Examination are achieved and before finalising the report l obtained written assurances from the Trustees of all material matters. Independent Examlnerfs Statement, Report and Oplnion Subject to the limitations upon the scope of my work as detailed above, in connection with my examinalion, I can confirm that.. This is a report in respect of an examination carried out under 65{3) of the Act and in accordance with Directions to Independent Examiners made by the Charity Commission in Northern Ireland which may be applicable - No matter has come to my attention in connection with my examination which gives me reasonable cause to believe that in any material respect the requirements.. to keep accounting records in accordance with Section 63 of The Charltles (Northern Ireland) Act 2008, as amended, when preparing accounts on an accrual basis, to prepare financial statements which accord with the accounting records and comply with the accounting requirements of the Act and the Regulations setting out the form and content of charity accounts, have been prepared in accordance with the Charities (Northern Ireland) Act 2008, as amended, and with the methods and principles set out in the FRS 102 Statement of Recommended Practice- Accounting and Reporting by Charities (effective January 20161 I have completed my examination and have no concems in ￿spect of the matters listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have no matters that require drawing to your attention. William Wilson, FCA vtfilliam Wilson Chartered Accountants 25 Shore Road Holywood BT18 9HX 23 June 2025 Docu8ign Envelope ID.. B47374DE_108140EE.86DF_A65027664E62 Downey House PTA Statement of Flnancial Activities 31 August 2024 2024 2023 Income Sport Nl Funding 5,482 Events 12,069 21,274 Other in￿rne 470 34 Total Income 18.021 21,308 Expendlturo Sport Nl activities 15.668 Events 8.697 11,005 School tripslworkshops 2.401 2,651 Play equipment 1,247 Other expenses 1,355 450 Bank charges 42 Total expendlture 28.063 16.353 D•fi¢lt for the year {10.042) 5,966 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. Tho notss on pages 7 to 9 forni part of these flnanclal ststements. Docusign Envelope ID. B47374DE-1081-40EE-86DF-A65027664E62 Downey House PTA Statement of Flnancial Position 31 August 2024 2024 2023 Current assets Bank Cash Debtors 11,312 408 263 22.424 443 Current Ilabllltles Creditors 124 (1,105) Net assets 11.959 21,762 Reserves Unrestricted resepies 11,969 21,782 11,959 21,762 These financial statements were approved by the board of trustees and authorised for Issue on 23 June 2025, and are signed on behalf of the board by.. Slgn•dby' A4¢5A29fgECEditg. Catherlne Donnelly Chair The notss on pages 7 to 9 forni part of tho$• financial statements. Docusign Envelope ID.. B47374DE-108140EE_86DF.A65027664E62 Downey House PTA Notes to the Financial Ststements Year ended 31 August 2024 Generdl infomiation The charity is registered charity in Northem Ireland and is unincorporated. The address of the principal office is clo Downey House School, 9 Pirrie Park Gardens, Belfast, BT6 OAG. statement of compllance These financial statements have been prepared on the accruals basis, under the historical cost convention, and in accordance with the Financial Reporting Standard 102, {effective 151 January 2016) and FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in February 20181, published by the Charty Commission in Northern Ireland (CCNI), effective January 2016, and in accordance with all applicable law in the charity's jurisdiction of registration. Accountlng pollcles Basls of preparatlon The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. Going concern There are no material uncertainties about the charity's ability to continue. Fund accountlng Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the temis of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds. Docusign Envelope ID.. B47374DE-106140EE-86DF-A65027664E62 Downey House PTA Notes to the Financial Statements (continued) Year ended 30 June 2023 Accountlng policies fcontinuad) Incomlng resources All incoming resources are included in the statement of financial activities when entitlement has passed to the charity., it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income.. income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. income from donated goods is measured at tha fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donaled facilities and seNices are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of seNices is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. Resources expendod Expenditure is recognised on an accruals basis as a liability is incurred. Exp8nditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates.. expenditure on raising funds includes the costs of all fundraising activities, events, non- charitable trading activities, and the sale of donated goods. expenditure on chantable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned be￿een the activities they contribute to on a reasonable, justifiable and consistent basis. Flnancial Instruments A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Docusign Envelopa ID.. B47374DE-108140EE-86DF-A85027864E62 Downey House PTA Notes to the Financial Statements (continued) Year ended 30 June 2023 Accounting pollcies (continued) Flnanclal Instruments (contlnued) Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or re￿iVed and not discounted. Debt instruments are subsequently measured at amortised cost. ere investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatlves, are initially recognised at fair value, unless payment for an asset 15 deferred beyond normal business terms or financed at a rate of interest that is not a market rate. in which case the asset is measured at the present value of thé future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activrties, with the exception of hedging instrument5 in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the enrj of each reporting date. If there is objective evidence of impairment, an impainnent loss is recognised und8r the appropriate heading in the statement of financial activities in which the initial gain was recognised. For all equity instruments regardless of significance, and other fi'nancial assets that are individually significant, these are asse55ed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Staff cost• There were no staff employed during the year. Trustee remuneratlon and exponses No remuneralion or other benefits from employment with the charity or a related entty were received by the trustees