The Percy French Soclety Accounts For the year ended 30th September 2022 The Percy French Society Statement of Financial Activities For the year ended 30th September 2022 Unrestricted Funds 2022 Unre5trirted Funds 2021 Note Income Members Account Members Events Subscription5 Donations Bank Interest Received Notelets and Books Roscommon Trip Ukraine Concert 1,76D 918 60 960 105 910 2,400 Totsl Income 6.159 974 enditure Opening stock of commemorative items Members Events Ukraine Concert Charitable Donation to Ukraine Fund Lentenary cOn￿rt Printing- The Jarvey Postage and ststionary Independent Examination Fee Roscommon Trip Sundry Expenses Insuran￿. Public Liability Depreciation Bank fees 100 1,900 519 2,500 so 583 462 200 492 693 100 1,233 130 100 50 127 104 50 89 Total Expenditure 1.638 Net Deficit/Surplus in funds Reconciliatlon of funds Total funds brought fonward Total funds carried forward 21.981 20,296 22,645 21.981 The Percy Frenth Society Statement of Financial Positlon As at 30th September 2022 2022 2021 Piano and portable sound system Jarvey print master 50 378 428 378 378 Cash at bank 19.918 19.918 21,553 21553 cU￿entUabll1 Accrued Income 19.918 21.553 Long terni liobilities 20.296 21.981 Funds ofthe tharity Unrestricted funds 20,296 21.981 21.981 These accounts were approved at the committee meeting on= Signed by: Print Name= Date: The Percy French Society Notes to the Accounts For the year ended 30th September 2022 Policies Statement of compliar The financial statements have been prepared in accordance with the Accounting and Reporting by Charities= Ststement of Recommended Practice applicable to charities preparing their accounts in accordan￿ with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act (Northern Ireland) 21J)8. Basis of preparation The accounts are prepared under the historical costs ￿nventIOn on a receipts and payments basis. Exemption from preparing a cash flow statement The chartty opted to early adopt Bulletin I published on 2 February 2016 and have therefore not included a cash fiow ststernent in these financial ststements. Revenue FS recognised upon receipt and the main artivities of the society indude: Subscriptions. ticket sales for member's evening and book sales. Nature and purpose of Funds Unrestricted funds are available for general purpow in accordance with the the charitys purposes. There are no restricted funds or endowments. Tan ible Assets Fixed assets are stated at Cost less historical depreciation. The Piano and sound equipment have now been fully depreciated e Assets The Trustees of the Society are trustees of the Society's valuable collection of paintings. memorabilia and artefacts connected with the late Percy French. They have an agreement with the North Down Borough Council for the period endrng November 2022 to hold this collection in good order and condition in the North Down Museum and exhibit Ft to the public. Three ofthe Trustees sft on Joint Management Committee with the North Down Borough Council members to look agfter the collection in accordan￿ with the undertaktngs set out in the agreemenL The Trustees of the Society are In ￿Otiation with the council on what will happen after the current agreement ends in November 2022. This collection wa5 gifted to the Society many years ago and as suth there a￿ no costs associated with IL Due to the nature of the Society it was decided that the cost of obtsining a value would be unnecessarity high compared to the usefulness of the The Percy French Sodety Notes to the Accounts For the year ended 30th September 2022 Inventories are stated at the lower of cost and net realisable value. Cost is detemined using the first4n, first-out method. Going concern The Trust￿ consider that there are no material uncertaintles about the charity's ability to continue as a going concern. The charfty b a registered tharity and Is therefore exempt from taxation. . insurance Due to the pandemic and the resulting ￿ductIon in social events, it was deaded not to pl Public Liability InSUrdn￿ until acivities rtrcommence. Trustee remuneration, benefft5 and expenses No trug(ees are paid any remuneration or receive any other benefits from the tharity. Expenses are only paid to refund expenditu￿ in relation to charity business. Notes to the occounts l Ukfaine Concert The Society arranged a concert in aid of Ukraine. The income raised was £2.400. expenditure wa5 £519 and the Society donated £2500 to the Ukraine Fund. This created a deficlt of £619, which was dedutted from the unrestritrd fvnds. Income ricket Sales Donations- direct Totsl income 360 Expenditure Printlng Printing Printing Ukraine Bunting Gratuity to the caretaker Flowers x 3 Accompanist Meals for perfonners Donation to Ukraine Fund Totsl expendtture - tickets - posters - programmes 49 20 45 20 30 60 175 120 2,500 >0 The Percy French Soclety Independent Examinerfs Report For the year ended 30th September 2022 Indendent Examinees R to the Tntstees of The I report on the accounts of the Trust for the year ended 30th September 2022, whith are set out on pages I to 6. and examiner As the charity's trustees you are responsible for the preparation of the accounts in accordan￿ with the Charities Act (Northern Ireland) 2008. It is my responsibility to". examine the accounts under section 65 of the Charities Act follow the procedures laid down in the general directlons given by the Commission under section 65{9)Ib) of the Charities Art state WI￿ther particular matters have come to my attention. Basis of in ndent examiner's re I have examined your thaiity ac£ounts as required under section 65 of the Charlties Att and my 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 Art. My examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. tt also induded consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters. My role is to state whether any material matters have Come to my attention givire me cause to believe: l That accounting records were not kept in accordance with section 63 of the Charities Act 2 That the accounts do not accord wlth those accounting records 3 That the accounts do not comply with the accounting requirements of the Charities Act 4 That there is further information needed for a proper understanding of the accourts to be reached. Inde ndent examine￿$ statement I have completed my examination and have no concerns in respect of the matters (l) to (4) listed above and, in connettion with following the directions of the Charity Commission for Northern I￿land. I have found no matters that require drawing to your attention. Name: Qualification: Address: Elise Richardson Chartered Accountsnt (ACA) - Membership No. 09c0743 25 Ardvanagh Avenue, Conli& Newtownards. BT23 7XE