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 th￿e 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 f￿anCIal 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 r￿ed 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
InV￿tment 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