Charity number: NIC103189 Company number: N1628205 Foylc Parents & Friends Association (A company limited by guarantee) Directors, report and flnan¢lal statomcnts for the year ended 31 March 2023
Foyle Parents & Friends Association (A company limited by guarantee) Contents Page Legal and admiiiistrative information Directors, report Auditors, report Statement of Financial Activities 10 Balance sheet 11 Statcment of Cash Flows 12 Notes to the Financial Statements 13-21
Foyle Parents & Friends Association (A company limited by guarantee) Legal and admlnistrative information Dir¢¢tors Mary Bell Colman Callan Jacqueline Garnon Seanna Lynch Yvonne McLaughlin Secrclary Seanna Lynch Reglstored offico 22 Bishop Street Deny BT48 6PP Compuny number N1628205 Charity number NIC103189 XR28820 Auditors McGroarty Mccaffety & Company AcGountants & Registered Auditors 2 Carlisle Terrace Derry BT48 6JX Bunkers Bank Of Ireland 27 Culmore Road Derry BT48 8JB AIB (NI) Meadowbank Strand Road Deny BT48 7TH Solicitors Hassan & Co Solicitors 3941 Clarendon Street Derry BT48 9XJ Page I
Foyle Parents & Friends Association (A company limited by guarantee) Directors Report for the y¢ar ended 31 Mar¢h 2023 The directors present their annual report and the audited financial statements for the year ended 31 March 2023. Dlrectors and thelr Intcrejts The directors of the cliarity for the purposes of charity law and who served during the year were as follows: Mary Bell Seanna Lynch Colman Callan Yvonne McLaughlin Jacqueline Garnon Structure? governance and management v¢rnin Documen Foyle Parents & Friends Association is a charitable companyg limited with guarantee with no share capital and its governing document is its Memorandum and Articles of Association. Its charitable statuse is recognised by HM Revenue & Customs and The Charities Commission of Northern Ireland. anisational Struc re/Recruitment an ointment of the Board f Direc Foyle Parents & Freinds Association was established in 1963 to provide service5 and support to people with physicavlcarning disabilities. The charitable company is managed by directors who meet regularly to review activities and plan for future projects. New directors and nominated by current trustees. All of the directors due to their oxperience and backgrounds are already familair with the work of the charity. k Mana ement The directors hav¢ a risk manageinent strategy which consists of establishing a system of identifying risks and mitigating such risks. Internal control risks are minimised by the implementation of procedures for authorisation of all transactions and projects. Financlal Review Budgetary controls and constant reviews of all expenditure continue to be implemented this period and have not hindered business of Foyle Parents & Friends Association in achieving their primary purpose. Controls taken at the management level will Continue to the coining financial year with continous monitoring throughout. The financial accounts show a surplus of £176,731 with reserves of £832,203. Tlie directors Iiave agreed that.a designated fund should be set up initally for the amount of £200,000. This designated fund will cover any future capital purchases or cover any operational costs in the event of withdrawal or gap in funding. Included in restricted funds is £22,000 set aside in the event of any redundancy payments liaving to be made. Tlie directors will review these amounts annually. Activity Report 2022123 - Achievements and Perforn]anc Through funding and donations, Foyle Parents & Friends Association have continued to provide activities and programmes, along witli assisting other groups to benefit the local community. The directiors are satisfied with the perfonnance and results of the charitable company during the ycar. Page 2,
Foyle Parents & Friends Association (A company limited by guarantee) - Summer Schemc Tlie suini]]er scheme ran for the weeks, five days a week from 18th July 2022 to 5th August 2022. The suminer scheme supported a total of 127 families and 127 children over its duration. The summer scheme provided 1500 hours of respite for parents and carers. l 00 % of parents rated the summer scheme from good to exceptional. - Tuned In Project The Association continues to provide day oppurtunities for adults with a learning disability who were identified througli the Weslern Health and SoGial Care Trust and has secured funding from the Trust direGtly and through self directcd payments.The focus of the programme is to provide adults with a learning disability the chance to grow and develop through digital and traditional arts, Inusic. media and person centred individual work. The programine operates five days a week with statTing to facilitate 40 person centred individual work. In 2022123 66 studeiits availed of the service, booking 193 of 200 places available p¢r week. The pi'oject holds a Thursday Night Club for 18 participants with the support of three staff and three volunteers. The project also hosts a Monday night bowling club, support¢d by staff, which provides social oppurtunities for 18 service users. Learning Disability Centres The Association continues to provide financial support to a number of Western Trust run learning disability facilities in Derry sucli &s Maybrook ATC, Oaktree Centre, Valley Centre, Sow and Grow. Evergreen Centres and Lilliput Tlieatre. Carersl Support Tlie Association organised a number of carers support events throughout the year, including group ineetings in tli¢ form of breakfastslluiiches and shopping trips to Belfast. The Association also provided signp05ting for welfare issues. Dlrectors Re$ponslbSlltles In Relation to The FlnanclAI Statements The directors are respoiisible for preparing the Annual Report and the financial statements in accordancg with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the diK¢tors to prepare fanCIal statements for eaoh finanGial year, Under compaiiy law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affuirs of the charitable company and of the incoming resources and application of resources, including the income and expcnditure. of the charitable company for that period. In preparing these rinancial statements, tlie directors are required to: Page 3
Foyle Parents & Friends Association (A company limited by guarantee) select suitable accouiiting policies and apply them consistently. obs¢rve tlie methods ]d principles in the Charities SORP 2019 (FRS 102). make judgements and estimates that are reasonable and prudent. state whether applicable UK and Accounting Standards have been followcd; subject to any material deparlures disclosed and explained in the financial statements. prepare tlie financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business, Tlie Board is responsible for Inaintaining proper accounting records that are sufficient to show and explain the cliarity's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with Companies Act 2006. The Board is also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for tlie prevention and detection of fraud and other irregularities, Statement of disclosurc of Informatlon to audltors We, the directors of the company who held office at the date of approval of these Financial Statements, as set out above, eacli confirm so far as we are aware, that: So far as we are aware. there is no relevant audit information of which the company's auditors are unaware: and as th¢ directors of th¢ coiiipany we have taken all steps we ought to have taken in order to mpAke ourselves aware of any relevant audit information and to ¢stablish that th¢ ¢harity's auditors are aware of that information, Auditor's- McGroariy Mccafferty & Company are deemed to be reappointed in accordance with Section 487 (2) of the Companies Act 2006. This report is prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. Tli¢ financial statements are approved and authorised for issue by the Board of Directors on 12 September 2023 and signed on it's belialf by; Dlrector Director Page 4
Foyle Parents & Friends Associatioll (A company limited by guarantee) Independent auditor's report to the directors of Foyle Parents & Friends AssociatlOD Opinion We have audited the finanoial statements of Foyle Parents & Friends Association for the year ended 31 March 2023 which Goinprise the Stateinent of Financial Activities, the Balance SheeL the Cashflow Statement and the related notes. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Stsndards (United Kingdom Generally Accepted Accounting Practice) including rRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland This report is made solely to the charitable Company's directors. as a body, in accordance with Chapter 3 of Part 16 of the Conipanies Act 2006. Our audit work has been undertaken so that we might stats to the charitable coinpany's directors those matters we are required to state to them in an auditor's report and for no other purpose. To tli¢ fullest extent pennitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the ¢liaritable company's directors &$ a body? for our audit work, for this report, or for the opinions we have formed. In our opinioii the financial statements: give a true and fair view of the state of the charitable company's affairs as at 31 March 2023. and of Its incoming resources and expenditure of resources. including its incomc and expenditure. for the year then ended. liave beeii properly prepared in accordance with Unit¢d Kingdom Gen¢rally Accepted Accounting Practic¢; and Iiave be¢n pr¢par¢d in accordance with the requirements of th¢ Companies Act 2006. Basls for opinion We conducted our audit iii accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities ror the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the etliical requirements that are relevant to our audit of the financial statements in the UK. inGluding the FRC'S Ethical Standard, and we have fulfilled our other ethical r¢sponsibilities in accordance with thes¢ requirements, We believe that the audit evidence we have obtained is sufficient and appropriats to provide a basis for our opinion, Concluslon5 relating to going ¢on¢ern In auditing the financial stateinents, we have concluded that the directors, use of the going concern basis of accounting in th¢ preparatioii of the financial statgm¢nts is appropriate. Based on the work we have perfornjed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are autliorised for issue. Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of tliis report. Page 5
oyle Parents & Friends Association (A company limited by guarantee) Otlier information The directors are responsible for the other inforniation. The other information comprises the infom]ation included in the dircotors, annual repoo other than the financial statements and our auditorfs report thereon. Our opinion on the financial statements does not cover other information and, except to the extent otherwise explicitly stated in our report. we do not express any form of assurance conclusion thereon. Iii connection with our audit of the financial statements, our responsibility is to read the other infonnation and, in doing so, consider wliether the other information is materially inconsistent with the financial ststements or our knowled8e obtained in the audit or otherwise appears to be materially misstated, If we identify such material inconsistencies or apparent material Inisstatements, we are required to detennine whether there is a material Inisstateinent in the financial statements or a material misstatement of the other information. If, based on the work we liave performed, we conclude that there is a material misstatement of this other infonnation, we are required to report that fact. We have notliing to report in Ihis regard. Opfinlon on other matters prescrlbed by the Companies Act 2006 Iii Our Opinion based on tho work undertaken in the course of the audit: the information given in the Directors, Annual Report for the financial year for which the financial statements are prepared is consistent with the financial statements. and the Directors Annual Report has been prepared in accordance with applicable legal requirements. Matters on whieb we arc required to report by exception In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of Ilie audit, we Iiave not identified material misstateinents in the Directors Annual Report. We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion: adequate accounting records have not been kept. or the financial statements are not in agreement with the accounting records and returns; or certain disclosures of directors, remuneration specified by law are not made. or we have not received all tlie information and explanations we require for our audit. or the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the sinall companies exemption from the requirement to prepare a strategic report. Page 6
Foyle Parents & Friends Association (A company limited by guarantee) Responsibilities of the directors As explain¢d more fully in the Directors, Responsibilities Statement set out on page 7, the directors (who are also tlie directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a truc and fair view. and for such internal control as tlie directors detemiine is necessary to ¢nabl¢ the preparation of financial statements that are free from material misstatement, wliether due to fraud or error. In preparing the financial statements, the direotors are responsible for assessing the charitable company's ability to continue as a going concern. disclosing) as applicable. matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the charitable company or to cease opei'ations, or have no realistic alternative but to do so, Auditor's responsibilities for the audit of the financial statements OLir objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material inisstateinent, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of &ssurance, but is not a guarantee that an audit conducted in accordance witll JSAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if. individually or in the aggregate, they could reasonably be expected to influence tlie economic decisions of users taken on the basis of these financial statements. Explanation as to what extent the audfit was consldercd capable of detectfing irregularities, Includlng IrKgularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. However, tlie primary responsibility for the prevention and detection of fraud lies With maiiageinent and the board of directors of the charitable company. Identifying and assessing potentlal risks rclated to irregularities In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and Iion-coinpliance with laws and regulations, we considered the following: tlie nature of the industy, sector and the specific control environment which it operates in: tlie cliarities own assessment of the risks that irregularities may occur, either as a Ksult of fraud or error. repr¢s¢ntations and results from our enquiries with management and the board of directors regarding tileir own identification and assessment of the risks of irregularities. enquirics of Inanagement relating to accounting estimates measurements, recognAtion criteria and justification of such amounts. any matters we have identified having obtained and reviewed the Charities policies and procedures relating to. * identifying and assessing if laws and regulations are compliant and whether they are aware of any instances of non-compliance. * detection and response to the risk of fraud and whether they are aware of any actual, suspected or alleged fraud instances. * the internal controls designed to mitigate risks or fraud or non-compliance with laws and regulations. and to minimise risk of management overrides of such controls. Page 7
Foyle Parents & Friends Association (A company limited by guaralltee) all matters discussed among the audit engagement team regarding how and where fraud could occur and the potential indicators of fraud. A5 a result of these procedures, we considered the opportunities and incentives tliat may exist within the charity for fraud. The audit included assessing the procedures and evaluating the measurement of estimations. In common witli all audits under ISAS (UK), we are also required to perform specifLC procedures to respond to the risk of Inanagement override. We also obtained an understanding of the legal and regulatory frameworks applicable to the charity and considered that the most significant are the UK Companies Act 2006, SORP 2019 (FRS 102) and Charities Act (Nortliern Ireland)2008. Audit responscs to rlsks identified Our procedures to respond to risks identified included the following: reviewing the financial statement disclosures, testing the relevant documentation to assess compliance with the significant laws and regulations - tliose described as having a direct effect on the financial statements: enquiring with management and obtaining third paty confirmation from the Charitie5 Solicitors regarding any a¢iual or potential litigation and claims. perforining analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud. reading minutes of board and management meetings. examine forecasting material in line with actual perforinance, identifying any potential fraud indicators or instances: reviewing Companies House and Charity Commission Northern Ireland correspondenG¢, identify any late submissions or omissions of mandatory inforination; review correspondence with HMRC, identifying non compliance of specific inforn]ation to be disclosed: iii addressing tlie risk of fraud through management override of controls, testing the appropriateness of data entries and adjustinents; assessing whetlier the judg¢m¢nts mad¢ in making accounting estimates are indicative of a potential bias; and evaluating the rationale of any significant transactions that are unusual or outside the normal course of the Cliarities obje¢tiv¢s. We also cominuni¢ated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or noncompliance with laws and regulations throughout tlie audit. As part of an audit in accordance with ISAS (UK), we exercise professional judgment and maintain professional scepticisin tliroughout the audit. W¢ also: Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. Tlie risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, Inisrepresentations, or tlie override of internal control. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the Circumstances, but not for the purpose of expressing an opinion on the effectiveness of the chai-itable company's internal control. Page 8
Foyle Parents & Friends Association (A company Ilmited by guarantee) Evaluatc the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by th¢ dir¢ctors. Coiiclude on the appropriateness of the directors, use of the going concern basis of accounting and, based on the audit evidence obtained. whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charitable company's ability to continue as a going concern. If we conclude that a Inaterial uncertainty exists, we are required to draw attention in our auditorfs report to the related disclosures in tlie financial statements or, if such disclosures are iiiadequate, to modify our opinion. Our conclusions are based on tlie audit evidence obtained up to the date of the auditor's report. However, future events or conditions may cause tlie charitable company to cease to continue as a going concern. -Evaluate the overall presentation, structure and content of the financial statements, inoluding the disclosures, and whetlier tlie financial ststements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charged witli governaiice regardingg among other matters, the planned scope and timiiig of the audit and significant audit findings, including any significant deficiencies in intsrnal control that w¢ identify during our audit. Patrxck McGroarty Senior Statutory Auditor for and on behalf of McGroArty Mccafferty & Company St&tutory Audllor 2 Carllslc Tcrraco Derry BT48 6JX Datod: 12 Soptembor 2023 Page 9
Foyle Parents & Friends Association (A company limited by guarantee) Statement of Financial Activities ror the yeydr ended 31 March 2023 Unrestrlcted Restrlcted Doslgnated Funds Funds. Funds 2023 2022 Income and Expendlture Incoming Resourcos Grants & Sundry Iiicoine Bank interest 15,550 44 742,449 757,999 44 718.474 15 Total Incoming Resources 15,594 742,449 758,043 718.489 Rosources Expended Management & Administration 22,275 559,037 581,312 529,267 Total Resources Ei xpendcd 22,275 559,037 581.312 529,267 Net Incoming l (Outgofing) Resourc¢s 12 (6,681) 183.412 176,731 189,222 Gains/(losses) on r¢valuation of fixed assets 45,933 (6,681) 183,412 176,731 235,155 Balances biDuglit forward l April 2022 389,171 266,301 655,472 420,317 382,490 449,713 832,203 655,472 Transfer between funds 51.379 (251.379) 200,000 Balances carried forward 31 March 2023 433,869 198,334 200,000 832,203 655,472 All of tlie above ainounts telate to continuing activities. There are no recognised gains and losses other than those included in the results above and therefore no separate statement of total recogniscd gains and losses h&5 been presented. There is no diff¢rence between the net incoming resources for the year stated above and their historical cost equivalents. Page 10
Foyle Parents & Friends Association (A company limited by guarantee) Balance sheet as at 31 Mar¢b 2023 2023 2022 Notes ri ixed assets Tangible assets Curront, assots Debtors Cash at baiik and in hand 289,034 309.125 65,284 499,496 45.710 325,961 564,780 371,671 Current IIAbllltles Bank loans and overdrafts Other crcditors Accruals 1.794 1,241 10,000 14,083 19,817 10 21.611 25,324 Net current assels 543,169 346.347 Total Assets less current liabilities 832,203 655.472 Flnanced By Unrestricted Funds R¢stricled Funds Designated fuiids 11 11 19 433,869 198,334 200,000 389,171 266,301 832,203 655,472 Tliese accounts have been prepared in accordance with tlie special provisions of Part 15 of the Companies Act 2006 and the Charities SORP 2019 (FRS 102). Tlie financial Statements were approved and authorised for issue by the board on 12 September 2023 and signed on its behalf by Director Director Company Number: 1¥11628205 Page 11
Foyle Parents & Friends Association (A company limited by guarantee) Statement of Cash flows as at 31 March 2023 Note 2023 2022 Operating Actlvlties Net incomiiig l (outgoing) resources for the year (In¢rease)I decrease debtors (Decrease) l increase in creditors Other interest and similar income Fair valu¢ adjustm¢nt of investment propety Depreciation and impairment 176,731 (19.574) (3,714) (44) 235,155 (12,383) 19,321 (15) (45,933) 24,268 30,042 Net casli inflow from oporatlng actlvltles 183,441 220,413 FinAnciiig Activities Capital expenditure Interest received (9,950) (122,910) 44 15 IncreAsc in cash In the year 173,535 97.518 Reconciliation of net cash flow to movement in net funds In¢r¢asL¥ in cash in tIAe year Iyet funds at l April 2022 173,535 325.961 97,518 228,443 Nct funds at 31 March 2023 13 499,496 325,961 Page 12
Foyle Parents & Friends Association Notes to the accounts for the year ended 31 March 2023 Gcnoral information The charity is a private limited coinpany by guarantee, registered in Northern Ireland and a registered charity in Northern Ireland. Tlie address of the registered office is 22 Bishop Streel Derry, BT48 6PP. Accountlng eonvention The principal accounting policies adopted in the preparation of the financial ststements are set out below and have remained unchanged from the pKvious year. and also have been consistently applied witliin the Same accounts. The charity constitutes a public benefit entity as defined by FR8102. The financial statements have been prepared in accordance with the accouiiting policies set out in notes to the accounts and comply with the charity's governing document, the Charities Act (Northern Ireland) 2008 and AcGountin8 and Reporting by Charities: 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 publislied in October 2019 (SORP 2019) and the Companies Act 2006. The financial statements are prepared on a going concem basis under the historical cost convention. modified to included ceriain items at fair value. The financial statements att presented in sterling which is the functional currency of the charity, 1.2. Incoming resources All iiicoiniiig resources are included in the SOFA when the charity is legally entitled to the income and tlie amount can be qualified with reasonable accuracy. Tlie following specific policies are applied to particular ¢ategori¢s of income: Voluntary income is received by way of grants, donations and gifts and is included in full in the statement of financial activities when receivable. Grants where entitlement is not conditional on the delivery of a specific perfonnance by the charity, are recognised when the charity becomes unconditionally entitled to the grant. Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included. Gifts donated for resale are included as incoming resources within activities for generating funds when they ar¢ sold. 1.3. Resoureos expondod All expenditure is accounted for on an accruals b&sis &8 a liability is incurred and h&$ b¢en classÈfied under lieadings that aggregate all costs related to the category. Charitable expenditure Comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of ali indirect nature necessary to support them. Page 13
Foyle Parents & Friends Association Notes to the accounts for the y¢ar ended 31 March 2023 1.4. Fund accounting Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designatsd for other purposes. Restricted funds are funds which are to be used Én accordance with specifio restrictions imposed by donors or which liave been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund, 1.5. Tangible red assets and depreclatlon Land and buildings are carried at a revalued amount, being its fair value at the date of revaluation less subsequent depreciation and iinpairmentg provided that fair value oan be measured reliably. Tangible fixed assets classified under the headings equipment and motor vehicles are valued at cost less d¢preciation. Depre¢iatioii is provided at rates calculated to write off the cost or valuation less residual value of each asset over its expected useful life. as follows: Investment property Leasehold properties rixtures, fittings and equipinent Motor vchi¢lcs 20/0 Straiglit Line Straiglit Line over the life of the le&ge 20% Straiglit Line 250/0 Straight Line 1.6. Cash at b8nk Cash at bank aiid cash equivalents are stated at cost at the financial year end. 1.7. Capital grants Capital grants are received in respect of purcliase of fixed assets a portion of which is released to tlie stat¢ment of financial activities in the year of receipt. 1.8. Debtors & creditors Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at traiisaction price. Any losses arising from impairnient are recognised in expenditure. 1.9. Compaiiy status The charity is a company limited by guarantee and does not have a share capital. 1.10. Penslon coyts Contributions to auto enrolment pension schemes are recognised as an expense in the period in which thc related service is provided. 1.11. Going concern The financial statements have been prepared on a going concern basis as the directors believe that no Inatcrial uncertainties exist. The directors have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income aiid expenditure is suffIcient witli the levcl of reserves for the charity to be ablc to continue as a going concern. Page 14
Foyle Parents & Friends Association Notes to the accounts for the year ended 31 March 2023 Grants & other income The total income of the company for the year h&8 been derived from its principal activity wholly undertaken in the UK. 2023 2022 Restricted Income - Charitable Activltles Co-operation Ireland - TIP Cominunity Fouiidation - TIP Jude Kuzinali - TIP Acorn - Maybrook North West Volunteer Centre- SS WHSCT BSO Day Opportuiiities Awards For All Fuiidraisingldonations restricted 2.000 1.000 1,000 900 1,500 500 500 4,463 692,926 10,000 34,560 632.947 51,693 742,449 691,540 Unrestrlcted Income - Charitable ActRvfitles Relit receivable Donations Fundraising unrestrict¢d Bank interest r¢G¢ived 11,500 1,050 3,000 44 8,625 4,562 13,747 15 15,594 26,949 Total Income 758,043 718,489 Page 15
Foyle Parents & Friends Association Notes to the accounts for the year ended 31 March 2023 2.1 Rosources Expended - Charitable Activities Unrestrictcd Funds Restricted Funds Total 2023 Total 2022 MAnagoment & Admlnlstratlon Wages & salaries Staff pension costs Secretarial support Staff training Volunteer Centre Insurance Heat & liglit Telephone & iiiternet Repairs & maiiitenance Postage) printing & stationery Day Oppurtunities Motor expenses Audit fees Legal & professional fees Day Centre Carers Support Bank charg¢s Marketing exp¢ns¢5 Cleaning and consumables Rent Computer costs Subscriptions Depreciation on investment property Depreciation of Short leasehold Depreciation Fix & Fittings Activities Suinin¢r sch¢m¢ Activities Donations Gifts Sundry 327,926 15,609 327.926 15.609 4,000 3.436 261.429 4,188 4,000 3,436 4,757 4,700 3.714 3.282 2,959 13,009 3,564 14,366 59,192 5,977 4,364 3,826 3,601 8,664 6,338 20,734 69,718 7,887 11,361 900 4,364 3,826 3,601 9,014 6,646 20,734 69,718 7,887 11,361 7,268 350 308 6,368 3,472 1.341 796 3,243 293 285 694 5,345 22,913 1,275 981 578 694 5.345 26,413 1,275 981 2,300 19,568 8,173 3,500 19,092 1,300 2,300 19,568 ,173 19.568 4,700 72.125 17,707 3,871 915 4,107 10,000 14,107 1,049 5,439 6,488 22,275 559,037 581.312 529,267 Net inconiel expenditure for the yeAr 2023 2022 Net iiicomel expenditure is stated after cliargingl (crediting): Depreciation and other amounts written off tangible assets Auditors, remuiieration 30,041 7,887 24,268 5,977 Page 16
Foyle Parents & Friends Association Notes to the accounts for the year endcd 31 March 2023 Auditor's remuneration The auditor's remuneration amounts to an audit fee of £7,887 (2022 - £5,977). Employees 2023 2022 Wages and Salaries Peiision costs 327.926 15,609 261,429 4,188 343,535 265,617 No employees received emoluments of more than £60,000 (2022: None). The directors, neither received nor waived any emoluments during the year (2022: None). Number of employees 2023 Number 2022 Number The average monthly numbers of employees during the year, calculated on the basis of full tiine equivalents, w&s as follows: 20 17 Taxation As a charity, Foyle Parents & Friends Association is exempt from tax on income and gains falling within section 505 of the Taxcs Act 1988 or s256 of the Taxation of Chargeable Gains Act 1992 to the extent that tliese are applied to its chargeable objects. Accordingly? no tsx charges have arisen in the charity. Page 17
Foyle Parents & Friends Association Notes to the accounts for the year ended 31 March 2023 Tangible assets Land and InVtment buildings property leasehold Equlpment Motor vehicles Total Cost At l April 2022 Additions 115,000 195.682 38,836 9,950 14,367 363,885 9,950 At 31 March 2023 115,000 195,682 48.786 14,367 373,835 Depreclatlon At l April 2022 Cliarge for the year 34,508 19,568 5,885 8,173 14.367 54,760 30.041 2.300 At 31 March 2023 2,300 54,076 14,058 14,367 84,801 Net book values At 31 March 2023 112.700 141,606 34,728 289.034 At 31 March 2022 115.000 161,174 32.951 309.125 Revaluation of Investment Property A revaluation of the inv¢stment property Riohmond Hall, Eden Terrace, Derry. BT48 ODH was arried out on die 15th Noveinber 2022. The net book of the property was £69,067, the revalued amount is £E15,000, this gives a revalued gain of £45,933 which was included in the financial statements for Year Ended 31 st March 2022. The revaluation was carried out by James O'Doherty & Compaiiy - Mr Eoin Doherty (RICS Registered Valuer 5615050), Debtors 2023 2022 Trade debtors Other debtors Pr¢payments 63,531 43.085 1,748 2,625 65,284 45,710 Page 18
Foyle Parents & Friends Association Notes to the accoullts for the year ended 31 March 2023 10. Creditors: amounts falling due within one year 2023 2022 Bank loaiis and overdrafts Deferred incoine Accruals 1,794 1,241 10,000 14,083 19.817 21,611 25,324 11. Analysis of net assets botween funds Unrestricted Restrieted Deslgnat¢d funds funds funds Total funds Fund balances at 31 Morch 2023 as represented by: Tangible fixed assets Current assets Current liabilities 112,700 176.334 321,197 43,584 (28) (21,584) 289,034 200.000 564,781 (21,612) Total funds 433.869 198,334 200.000 832,203 12. Movomonty in Funds At l Aprll Incoming Outgoing 2021 resources resources At 31 March 2023 Transfer Restrlctcd funds: Total restricted funds 266,301 742,449 (559,037) (251,379) 198,334 Unre$tri¢ted funds: General funds 389,171 15,594 (22,275) 51,379 433,869 Desigiiated funds 200.000 200,000 Tolal funds 655,472 758,043 (581,312) 832,203 Purposes ofRestrlcted Ftsnds Restricted grants awarded to the charily is provided to cover Ihe core objects as explained in directors report. 13. Cash and Cash Equivalents 2023 2022 Casli at bank and in hand 499,496 325,961 Page 19
oyle Parents & Friends Association Notes to the accounts for the year ended 31 March 2023 14. Related Party Transaetions There were no related paty transactions in the period under review. 15. Llmited by Guarantee The company is limited by guarantee and does not have a share capitsl. Every member of the company undertakes to contribute such amount as may be required not exceediiig £1 to the assets of the charitable company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member. 16. Controlling Interest Coiitrolliiig interest rests with the Board of Directors. 17. Post B#lllnce Slieet Events No significant events Iiave taken place since the year ¢nd that would result in adjustments to 2023 rinanci41 information or inclusion of a note thereto. 18. FinancelReserves Policy Foyle Parents & Friends Association is cominitted to organisational financial sustainability and tlie generation of financial reserves to ensure the future of the organisation. Reserves provide the organisation with adequate financial stability and the means for it to meet its objectives for the future. In addition, sufficient reserves are essential to enable Foyle Parents & Friends Association to Ineet it's short. Inedium and longer tenn strategic objectives. These strategic objectives also include any potential capital expansion plans, capital investment including ongoing refurbishment and strategic programm¢ d¢velopment. Foyl¢ Parents & Friends Association will use all of its financial resources for the work of the organisation as it seeks to fulfill its mission. The board recognise their responsibility for the control of the financial resources of the organisation, Thc project managcr manages th¢ approved budget on a daily basis and seeks direction from the board as required. The organisation will aim to hold an equivalent of six months operational costs in reserve. Page 20
Foyle Parents & Friends Association Notcs to the accounts for the year ended 31 March 2023 19. Dcsignatcd Funds The designated fund includes £200,000, this has been set up to ensure that there is adequate funds for potential capital expenditure or to cover operating costs of the company in the event there is a withdrawal or gap in funding in the future. Page 21