Charity number: NIC103189 Company number: N1628205 Foyle Paronts & Friends Assoclatlon (A company limited by guarantee) Diroetors, report and flnanclal statements for tho year ended 31 March 2025
Foyle Parents & Friends Association (A company limited by guarantee) Contents Page Legal and administrative information Directors, report Independent Auditors, report Statement of Financial Activities 10 Balance Sheet 11 Statement of Cashflows 12 Notes to the Financial Statements 13-21
Foyle Parents & Friends Association (A company limited by guarantee) Legal and administrative information Directors Mary Bell Colmaii Callan Jacqueline Garnon Seanna Lynch Yvonne McLaughlin Jillian Latimer (Appointed l 8th March 2025) Paul O'Hagan (Appointed 18th March 2025) Secretary Seanna Lynch Registered office 22 Bishop Street Derry BT48 6PP Company number N1628205 Charity numb¢r NIC103189 XR28820 Auditors McGroarty M¢Caffety & Company Accountants & Registered Auditors 2 Carlisle Terrace Derry BT48 6JX Bankers Bank Of Ireland 27 Culinore Road Derry BT48 8JB AIB (NI) Meadowbank Strand Road Derry BT48 7TH Solicitors Hassan & Co Solicitots 39-41 Clarendon Street Derry BT48 9XJ Page I
Foyle Parents & Friends Association (A company limited by guarantee) Directors Report for the year ended 31 March 2025 The directors present tlieir annual report and the audited financial statements for the year ended 31 March 2025. Objcctlvcs and activities Foyle Parents & Friends Association offers respite facilities for parentslcarers by means of providing activities and support for children aiid adults with physicalllearniiig disabilities. Foyle Parents & Friends Association aiin to promote an enhanced knowledge and understanding of the range of support services available and how to acces5 tliem. Foyle Parents and Friends Association aim for an improved quality of life for the family members/carers of people with a physical andlor leaming or sensory disability and a reduction in stress and a greater sense of hope. Directors And their interests The directors of the charity for the purposes of charity law and who served during the year were as follows: Mary Bell Seanna Lynch Paul O'Hagan (Appointed 18th March 2025) Colman Callan Yvonne McLaughlin Ja¢qu¢lin¢ Garnon Jillian Latimer (Appointed 18th March 2025) Structure¥ governance and management Govemin ent Foyle Parents & Friends Association is a charitable company, limited with guaraiitee with no share ¢apital and its governing document is its Meinorandum and Articles of Association. Its charitable statuse is recognised by HM R¢venue & Custoins and The Charities Commission of Nortliern Ir¢land. anisational ur¢/R¢cruitment and A f t e Board of Directors Foyle Parents & Friends Association was established in 1963 to provid¢ services and 5UPPOrt to people with physicallleaming 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 tlieir experience and backgrounds are already fainilair with the work of the charity. Risk Mana ement The directors have a risk management strategy which consists of establishing a system of identifying risks aiid mitigating such risks. Internal control risks are minimised by the implementation of procedures for authorisation of all transactions and projects. Financial Review Budgetary controls and constant reviews of all expenditure coiitinue to be iinplemented this period and have not liiiidered business of Foyle Parents & Friends Association in achieving their primary purpose. Controls taken at the Inanageincnt level will continue to tlie coining financial year with continous monitoring throughout. The financial accounts show a surplus of £280,667 with reserves of £1,293,983. The directors have agreed that a designated fund should reflect the amount in the Business Reserve Account. At the 31 st March 2025 tliis balance ivas £428,790. 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 £50,000 set aside in the event of any redundancy payments having to be made. The directors will review these amounts annually. Page 2
Foyle Parents & Friends Association (A company limited by guarantee) Activity Report 2024125 - A¢hiev¢ments and Performanees Tlirough funding and donations, Foyle Parents & Friends Association have continued to provide activities and programmes, along witli assisting other groups to benefit the local community. Tlie directors are satisfied with tlie performance and r¢sult5 of the charitable coinpany during the year. - Summer Scheme The summer sclieme ran for 3 weeks at 5 days a week from 15th July 2024 to 2nd August 2024. Tlie summer scheme received 151 aplications and supported a total of 120 families and averaged 40 children per day. Tlie suminer sclieme provided 2,440 liours of respite for parents and carers. Tliere was 24 staff and 19 volui)teers involved in the suiriner scheme. l 00% of parents rated the summer scheme five stars. Tuned In Project The Association continues to deliver day opportunities for adults with leaming disabilities, identified tlirough tlie Westem Health and Social Care Trust. Funding is secured both directly from the Trust and through self-directed payineiits. Tli¢ programine is designed to support personal growih and development tlirougli a wide range of activities, including digital and traditional arts, music, medi£4 sport, soeial events, cookery, and life skills. Operating five days a week, the service is staffed to accommodate over 40 placements daily. In 202412025, tlie project supported approximately 71 individuals, filling around 225 of the available 250 weekly placements. Iii addition, tlie project now runs a Monday and Thursday Night Social Club for participanls. These Social Clubs are supported by 3 staff members and 3 volunteers and include men's, women's, and Pride social group5. Monday evenings are open to all individuals with disabilities, while Thursday niglits are dedicated to current Tuned In Project students. Every two years, the project organis¢s a group trip. In 2024, 35 students ¢njoyed an unforgettable few days in Disneyland Paris and the city of Paris itself. Lcarning Di5%bility Centres The Association continues to provide financial support to several Western Trust run learning disability facilities in Derry such as Maybrook ATC, Oaktree Centre, Valley Centre, Sow and Grow, Evergreen Centres and Lilliput Tlieatre, Rossville Group and Berries Centre. The Association provided over last financial year support for Cliristmas, Easter gifts, Leaming Disability Week events, and provision of an outdoor Gazebo. - Carers, Support The Associatioii continue to provide welfare support, advice and infomiation for parent's and carers throughout tlie year, on 6 December 2024, we took parents and carers to Belfast on a shopping trip aiid Christmas Dinner in Walsli's Hotel, Magliera. Funding was partially funded by WHSCT, a grant of £500 was allocated to the Carers trip. Plans for Future Periods Foyle Parents & Friends Association plan to continue the activities outlined above in the coming years. Foyle Parents & Friends Association plan to purchase a site in the near future, aspiring to build a new Tuned in Project oivned by the Association in the next 3 to 5 years. Page 3
Foyle Parents & Friends Association (A company limited by guarantee) Dir¢ctors Responsibilities in Relation to The Financial Statements Tlie directors are responsible for preparing the Annual Report and the financial statements in accordan¢e with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the directors to prepare financial statemeiits for each financial year. Under coinpany law tlie directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resouKes, including the income and expenditure, of tlie charitable company for that period. In preparing these financial stateinents, the directors are required to: select suitable accounting policies and apply thein consistently; observe the methods and principles in ilie Charities SORP 2019 (FRS 102). make judgements and estimates that are reasonable and prudent; state whether applicable UK and Accounting Standards have been followed; subject to any material departure5 disclosed and explained in tlie financial statements. prepare the financial statements on tlie going concern basis unless it is inappropriate to presume tliat the charity will continu¢ in business. The Board is responsible for maintaining proper accounting records tliat are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the cliaritable coinpany aiid to enable them to ensure that the financial statements comply with Coinpanies Act 2006. The Board is also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregulariti¢s. Statement of dlsclosure of information to audltors We, the directors of the company who held office at the date of approval of these Financial Statements, as set out above, each confirin so far as we are aware, tliat: There is no relevant audit information of which the company's auditors are unaware; and as the directors of the compaiiy we have taken all steps we ought to have taken in order to make ourselves aware of any relevant audit information and to establish tliat tlie charity's auditors are aware of that infonnation. Auditor's- McGroaty Mccafferty & Company are deemed to be reappointed in accordance witli Section 487 (2) of the Companies Act 2006. Tliis report is prepared in accordance with tli¢ special provisions of Part 15 of the Companies Act 2006 relating to sinall companies. The financial statements are approved and authorised for issue by the Board of Directors on I l August 2025 and signed on it's belialf by. Director Director Page 4 LqNctl Ly ÉGLL
Foyle Parents & Friends Association {A company limited by guarantee) Independent auditor's report to the directors of Foyle Parents & Friends Association Opinion We have audited the financial statements of Foyle Parents & Friends Association for tli¢ year ended 31 March 2025 which comprise the Stateinent of Financial Activities, the Balance Sheet, tlie Cashflow Statement and the related notes. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including FRS 102 The Finaiicial Reporting Standard applicable in the UK and Republic of Ireland This report is made solely to the charitable coinpany's directors, as a bodyg in accordance with Cliapter 3 of Part 16 of tlie Companies Act 2006. Our audit work has been undertaken so that we might state to tlie cliaritable conipany's directors tliose matters we are required to state to them in an auditorfs report and for no other purpose. To tlie fullest extent pennitted by law, we do not accept or assume responsibility to anyone other than the charitable coinpany and tlie cliaritable coinpany's directors as a body> for our audit work, for this report, or for tlie opiiiions we liave formed. In our opinion tlie financial statements: give a true and fair view of the state of the charitable company's affairs as at 31 March 2025, and of its incoining resources and expenditure of resources, including its income and expenditure, for the year then ended. have been properly prepared in accordance witli United Kingdom Generally Accepted Accounting Practice. and have been prepared in accordanre with the requirements of the Companies Act 2006. Basls for opinion We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under tliose standards are further described in the Auditor's responsibilities for the audit of tlie financial statements section of our report. We are independent of tlie cliaritable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in tlie UK, including the FRC'S Etliical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evideijce we have obtained is sufficient and appropriate to provide a basis for our opinion. Concluslons relatlng to golng Concern In auditing the financial statements, we have concluded that the directors, use of tlie going concern basis of accounting in the preparation of the financial staleinents is appropriate. Based on the work we Iiave perfomied, we liave 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 authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report. Page 5
Foyle Parents & Friends Association (A company limited by guarantee) Other information Tlie directors are responsible for tlie other infonnation. Th¢ other inforniation compris¢s th¢ infomiation included in the directors, annual r¢port. otli¢r tlian ihe financial statements and our auditor's report th¢r¢on. Tlie directors are responsible for other infom)ation. Our opinion on the financial stateEnents does not cover other inforniation and, except to the extent otherwise explicitly stated in our report, we do not ¢xpress any fonn of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other infomiation and, in doing so, consider whether the otlier infonnation is materially inconsistent with the financial statements or our knowledge obtained in the audit or otlierwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstateinents, we are required to determine wlietlier there is a Inaterial misstateillent in tlie financial statements or a material misstatement of the other information. If, based on tlie work we liave perforined, we conclude tliat there is a material misstatement of tliis otlier information, we are required to report that fact. We Iiave notliing to report in this regard. Opinion on other matters preseribed by the CompAnles Act 2006 In our opinion based on the work undertaken in the course of the audit: the inforniation given in the Directors, Annual Report for tlie financial year for ivhich the financial stateinents are prepared is consistent with the finanfjial statements; and tlie Directors Aniiual Report lias been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception In the liglit of our knowledge and understanding of the cliaritable company and its environment obtained in the course of the audit, we have not identified material misstateinents in the Directors Annual Report. We have notliing 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 iii agreement with the accounting records and returns; or certaiii disclosuS of directors, remuneration specified by law are not made; or we have not received all the information and explanations we require for our audit; or the directors were not entitled to prepare tlie financial statements in accordance with the sinall companies regime and take advantage of the small companies exemption from the requirement to prepare a strategic report. Page 6
Foyle Parents & Friends Association (A company limited by guarantee) Responsibilities of the dire¢tors As explained more fully in the Directors, R¢sponsibiliti¢s Stat¢m¢nt s¢t out on pagc 4, the dir¢¢tors (wlio are also th¢ directors of the charitable company for the purpos¢$ of coinpany law) are r¢sponsible for the preparation of the financial stateinents and for being satisfied that they give a true and fair view, and for such internal control as the directors detemiine is necessary to enable the preparation of financial statements that are free from material misstateinent, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the charitable coinpany's ability to contiiiue as a going concern, disclosing, as applicable, matters related to going concern and using the going coiicern basis of accounting unless the directors either intend to liquidate the charitable company or to cease operations, or liave no realistic alternative but to do so. Auditor's responslbllltles for tbe audlt of the flDanclal statcmonts Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free froin material misstateinent, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of agsuran¢e, but is not a guarantee that an audit conducted in accordance witll ISAS (UK) will always detect a material misstatement wlien it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, tliey could reasonably be expected to influence the economic decisions of users taken on the basis of tliese financial statements. Explthnation xs to what extent the audit was considered ¢apable of detecting irregulllrities, Including Irr¢gularities, including fraud, are instanc¢s of non-compliance ivith laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities. including fraud. l-lowever, the primary responsibility for the pKvention and detection of fraud lies with management and the board of directors of the charitable company. Identifying and assessing potential risks related to irregularltles In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following: tlie nature of tlie industry, sector and the specific control environment which it operates in; the charities own assessinent of the risks that irregularities may occur, either as a result of fraud or error. representatioiis and results from our enquiries with munagement and the Board of Directors regarding their own identificatioii and assessment of tlie risks of irregularities. enquiries of management relating to accounting estimates measurements, recognition criteria and justification of such amounts; any matters we have identified Iiaving obtained and reviewed the Charities policies and procedures relating to; * identifying and assessing if laws and regulatioiis are coinpliant and whether tliey 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 & Frllends Association (A company Iimited by guarantee) all matters discussed among the audit engagement team regarding hoiv and where fraud could occur and the potential indicators of fraud. As a result of these procedures. we considered the opportunities and incentives that may exist within th¢ cliarity for fraud. The audit iiicluded assessing the procedures and evaluating the measurement of estimations. In common with all audits under ISAS (UK), we are also required to perforin specific procedures to respond to tlie risk of management override. We also obtained an understanding of the legal and regulatory frameworks applicable to the cliarity and considered that the Inost significant are the Companies Act 2006, SORP 2019 (FRS 102) and Charities Act (Nortlierii Ireland) 2008. Audit responses to rlsks Idcntified Our procedures to respond to risks identified included the following: reviewing the financial stateinent disc105ures, testing the relevant documentation to assess compliance witli tlie significant laws and regulations - tliose described as having a direct effect on the financial statements; enquiring with management and obtaining third party ¢onfim]ation from the Charitie5 Solicitors reglarding any actual or potential litigation aiid claims. performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstateinent due to fraud: r¢ading minutes of board and management meetings, examine forecasting material in line with actual performance, identifying any potential fraud indicators or instances; reviewing Coinpanies Hous¢ and Charity Commission Nortli¢rn Ir¢land correspondence, identify any late submissions or omissions of mandatory information; review ¢orr¢spondcnce witli HMRC, identifying non compliance of specific infonnation to be disclosed. in addressing tlie risk of fraud througli manageinent override of controls, testing tlie appropriateness of data entries and adjustments; assessing wli¢tli¢r tlie judgements made in making accounting estimates are indicative of a potential bias. and evaluating tlie rationale of any significant transactions that are unusual or outside tlie iiormal course of the charities objectives. We also cominunicated levant identified laws and regulations and potential fraud risks to all engagement team Ineinbers and remained alert to any indications of fraud or noncompliance with laws and regulations tliroughout tlie audit. As part of an audit in accordance witli ISAS (UK), we exercise professional judgment and maintain professional scepticisin tliroughout the audit. We also: Identify and assess tlie risks of material misstatement of the financial statements, whcther 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. The risk of not detecting a material Inisstatement resulting froin fraud is higher than for oiie resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the ovcrridt 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 charitable company's intemal control. Page 8
Foyle Parents & Friends Association (A company limitcd by guarantee) Evaluate the appropriateness of accounting policies used and tlie reasonableness of accounting estimates and related disclosures made by the directors. Conclude on the appropriateness of the directors, use of the going conceni basis of accounting and, based on tlie audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on tlie charitable company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to tlie related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on tlie audit evidence obtained up to tlie date of the auditorfs report. However, future events or conditions Inay cause the charitable company to cease to continue as a going concern. -Evaluate the overall presentation, Structure and conteiit of the financial statements, including the disclosures, and whetlier the financial stateinents represent the underlying transactions and events in a Inanner that acliieves fair presentation. We commuiiicate witli those charged with governance regarding, among other matters, the planned scope and timing of Ilie audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. Patrick Mc Senior Statutory Auditor for and on behAlf of McGro8rty McC#fferty & CompAny Statutory Audltor 2 Carlisle Torrace Derry BT48 6JX roar Date: 11 August 2025 Page 9
Foyle Parents & Friends Association (A company limited by guarantee) Statemcnt of Financial Activities for the yoar ended 31 Mar¢h 2025 Unrestricted Rcstrietcd Designated Funds Funds Funds 2025 2024 Income and Ei xpendlture Incoming Resources Grants & Sundry Income Bank interest 13,432 6,826 973,667 987,099 6,826 844,199 2,029 Total Incoming Resources 20,258 973,667 993,925 846,228 Rcsourees Expended Management & Administration Governance Costs 41,424 665,234 6,600 706,658 6,600 658,515 6,600 Total Resources li xpended 41,424 671.834 713,258 665,115 Net Incomlng l (Outgoing) Resources I I (21,166) 301,833 280,667 181 113 Balances brought forward l April 2024 596,712 194,570 222,034 1,013,316 832,203 575,546 496,403 222,034 1,293,983 1,013,316 Traiisfer between funds 102,743 (309,499) 206,756 Balances carried forward 31 Marcli 2025 678,289 186,904 428,790 1,293,983 1,013,316 All of the above amounts relate 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 recognised gains and losses has been presented. There is no differeiice between the net incoming resources for the year stated above and their liistorical cost equivalents. Page 10
Foyle Parents & Friends Association (A company limited by guarantee) Balance sheet as At 31 March 2025 2025 2024 Notes Fixod assets Taiigible assets 251,904 282,969 Current asscts Debtors Cash at bank and in haiid 89,899 978,034 93,991 667,369 1,067,933 761,360 Current liabllltles Bank loans and overdrafts Otlier creditors Accruals 2,786 10,000 13.068 1,204 5,226 24,583 25,854 31,013 Net current assets 1,042.079 730,347 Total thssels less current li&bilitios 1,293,983 1,013,316 Financed By Unrestricted Funds Restricted Funds Designated funds 10 10 12 678,289 186,904 428,790 596,712 194,570 222,034 1,293,983 1,013,316 These account5 liave been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 aiid tl)e Cliarities SORP 2019 (FRS 102). Tlie Financial Statements were approved and autliorised for issue by the board on I l August 2025 and signed on its behalf by Dircctor Direc L4 Nlkl MRL_4 ÉÉLL Company Number: N1628205 Page 11
Foyle Parents & Friends Association (A company limited by guarantee) Statement of Cash flows as at 31 March 2025 Note 2025 2024 Oporatlng Actlvltles Net incoming l (outgoing) resources for the year (Increase)/ decrease debtors (Decre&se) l increase in creditors Otlier interest and similar income Fair value adjustinent of investment propety Depreciation and impainnent 280,667 4,091 (5,157) (6.826) (4,600) 37,331 181,113 (28,706) 9,402 (2,029) 38,715 Nct cash Inflow from operating activities 305,506 198,495 Financing Aetiviti¢$ Capital expenditure Iiiterest received (1,667) 6,826 (32,650) 2,029 Increase in cash in the year 310,665 167,873 Reconciliation of net cash flow to movement In net funds Increase in cash in the year Net funds at l Aprll 2024 310,665 667,369 167,873 499,496 Net funds at 31 March 2025 978,034 667,369 Page 12
Foyle Parents & Friends Association Notes to the accounts for the year ended 31 March 2025 Gcneral information The charity is a private limited company by guarantee, registered in Northern Ireland and a registered ¢liarity in Northern Ireland. The address of the registered office is 22 Bishop Street, Derry, B T48 6PP. The coiiipany is a registered cliarity witli tlie Charity Commission Northern Ireland with effect froin 14th December 2015. Accounting convention The priiicipal accouiiting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts. The charity constitutes a public benefit entity as defined by FRSI 02. The financial statements have beeii prepared in accordance with the accounting policies set out in notes to the accounts aiid comply witli the cliarity's goveriiiiig docuinent, the Charities Act (Northern Ireland) 2008 and Accountiiig and Reporting by Charities: StateInent of Recommended Practice applicable to charities prepariiig their accounts in accordance with the Financial Reporting Standard applicable in tlie UK and Republic of Ireland published in October 2019 (SORP 2019) and the Companies Act 2006. The financial statements are prepared on a going concern basis under tlie Iiistorical cost convention, modified to included certain iteins at fair value. Tlie financial statements are presented in sterling wliich is tlie functioiial currency of the cliarity. Incoming resources All incoming resources are included in the SOFA when th¢ charity is legally entitled to the income aiid th¢ amount can b¢ qualifi¢d witli reasonable accuracy. Tlie following specific policies are applied to particular categories 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 wliere entitlement is not conditional on the delivery of a specific perfonnance by the charity, are recognised when the charity becoines 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 are sold. 1.3. Resources expended All expenditure is accounted for on an accruals basis as a liability IS incurred and has been classified under headings that aggregate all costs related to the category. Charitable expenditure coinprises those costs incurred by the cliarity in the delivery of its activities and services for its beneficiaries. It includes botli costs that can be allocated directly to such activities and tliose costs of an indirect nature necessary to support them. Page 13
Foyle Parents & Friends Association Notes to the accounts for the year ended 31 March 2025 1.4. Fund accounting Unrestricted funds are available for use at the discretion of the directors in furtherance of tlie general objectives of the charity and which have not been designated for other purposes. Restricted funds which are to be used in accordance with tlie specific restrictions iinposed by donors or wliich have been raised by the charity for particular purposes. The costs of raising and administering such funds are cliarged against the specific fund. Designated funds are uiirestricted funds eannarked by tlie Board of Directors for particular purposes. 1.5. Tangible fixed assets and dcpreciation Land and buildings are stated at cost less depreciation Investinent property is stated at the revalued amounL being its fair value at ilie dale of revaluation, provided that fair value can be nieasured reliably. Investment propety is not depreciated. Taiigible fixed assets classified under the headings equipment and motor vehicles are valued at cost less depreciation. Depreciation 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: Leasehold properties Fixtures, fittiiig5 and equipnient Motor vehicles Straiglit Line over the life of the lease 20 % Straight Line 250/0 straiglit Line 1.6. Cash at bank Cash at bank and Casli equivalents are stated at cost at the financial year end. 1.7. Taxation Tlie company is a charity and is recognised as such by HM Revenue & Customs under the charity reference XR28820. As a result, there is no liability to taxation on any of its income. 1.8. Debtors & creditors Debtors and creditors with no stated interest rate and receivable or payable witliin one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure. 1.9. Company status The charity is a company limited by guarantee and does not llave a share capital. 1.10. Pension costs Contributions to auto enrolment pension schemes are recognised as an expense in the period in wliich the related service is provided. 1.11. Cash and cash equivalents Cash and cash equivalents include cash at bank and deposits held in the company name. Page 14
Foyle Parents & Friends Association Notes to the accounts for the year ended 31 March 2025 1.12. Going concei'n The financial statements l)ave been prepared on a going concern basis as the directors believe that no material 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 and expeiiditure is sufficient with tlie level of reserves for the charity to be able to continue as a going concern. 1.13. Critical accounting estimates and Judgements In application of the charity's accounting policies, the directors are required to Inake judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent froin other sources. The estimates and associated assumptions are based on historical experience aiid otlier factors that are considered to be relevant. Actual results Inay differ from tliese estimates. The estiixates and uiiderlying assuinptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estiinate is revised where the revision affect on tliat period, or in tlie period of the revision and future periods where the revision affects both current and future periods. Crants & other Income 2025 2024 Restricted Income - Charitable Activfitfies WHSCT Day Opportunities Awards For All Department of Health Education Authority FundraiSind0nat1OnS restricted 500 903,910 10,000 744,669 i 0,000 4,049 755 54,069 59,257 973,667 813,542 Unrestrlcted Income- Charitable Activities Rent receivable Donations Fundraisii)g unrestricted Bank interest received 8,959 3,053 1,420 6,826 19,000 9,707 1,950 2,029 20,258 32,686 Total Income 993,925 846,228 Page IS
Foyle Parents & Friends Association Notes to the accounts for the year ended 31 March 2025 2.1 R¢sour¢¢s Expended - Charitable Activities Unre$trioted Funds Rcstrictcd Funds Total 2025 Total 2024 Management & Admlnlstratlon Wages & salaries Staff peiision costs Staff training Insurance Heat & light Teleplioiie & internet Repairs & maintenance Postage, printing, stationery & small office equip Day Opportunities Motor, travel & accommodation Legal & professional fees Day Cei)tre Carers Support Bank cliarges Marketing expenses Cleaning and consumables Rent Coinputer costs Subscriptions Depreciation on investment propety Depreciation of short l¢as¢hold Depreciation fixtures & fittings Depreciation motor vehicles Summer sclieme activities Gain on revalutaion Sundry 355,832 15,301 4,084 4,464 5,264 5,020 9,170 11,855 28,370 130,587 7,124 355,832 15,301 4,084 4,464 5,264 5,020 9,170 11,855 28,370 130,587 7,124 6,087 2,038 581 1,169 5,223 24,518 1,569 998 332,425 15,532 4,784 3,572 4,906 4,117 9,333 7,841 24,517 93,742 10,754 6,565 601 625 1,962 5,967 32,693 2,717 1,255 2,300 19,568 10,641 6,087 2,038 206 375 1,169 5,223 19,518 I,569 998 5,000 19,568 11,557 19,568 11,557 6,206 10,000 6,206 42,237 (4,600) 12,436 6,206 35,036 32,237 (4,600) 456 11,980 20,856 41,424 665,234 706,658 658,515 2.2 Governance Costs Unrestricted Funds Res*ricted Funds Totxl 2025 2024 Auditors remuneration 6,600 6,600 6,600 Page 16
Foyle Parents & Friends Association Notes to the accounts for the year ended 31 March 2025 Net incomel expenditure for the year 2025 2024 Net incomel expenditure is stated after chargingj (crediting): Revaluation gain on investment property Depreciation and other amounts written off tangible assets Auditors, remuneration (4,600) 37,331 6,600 38,715 6,600 Auditor's remuneration The auditor's remuiieration ainounts to an audit fee of £6,600 (2024 - £6,600). Employecs 2025 2024 Wage5 and Salaries Pension costs 355,832 15.301 332,425 15,532 371.133 347,957 No employees received emoluments of more than £60,000 (2024: None). Tlie directors, neither received nor waived any einoluinents during the year (2024: None). Number of employees 2025 Number 2024 Number The average monthly numbers of einployees during tlie year, calculated on the basis of full time equivalents, was as follows: 23 22 Taxation As a charity, Foyle Parents & Friends Association is exempt from tax on incoine and gains falling within section 505 of the Taxes Act 1988 or s256 of the Taxation of Chargeable Gains Act 1992 to tlie extent that these are applied to its chargeable objects. Accordingly, no charges have arisen in tlie charity. Page 17
oyle Parents & Friends Association Notes to the accounts for the year ended 31 March 2025 Tangible asscts Land and Investment buildings property loasehold EqulpmeDt Motor vehicles Total Cost At l April 2024 Additions 115,000 195,682 56,612 1,667 39,191 406,485 1,667 At 31 March 2025 115,000 195,682 58,279 39,191 408,152 Depreciation At l April 2024 Revaluation Charge for tlie year 4,600 (4,600) 73,645 24,699 20,573 123,517 (4,600) 37,331 19,568 11,557 6,206 At 31 Marcli 2025 93,213 36,256 26,779 156,248 Net book values At 31 March 2025 115,000 102,469 22,023 12,412 251,904 At 31 March 2024 110,400 122,037 31,913 18,618 282,969 Investment property includes premises at RichInond Hall. Eden Terrace, D¢ny, BT48 ODH. The charity received rental income of £8,959. This is included in note 2 as rental income. In August 2024 tlie property had becoine vacant. The Board of Directors are confident that a new tenant will be found in the near future. Investinent property is stated at fair value - tlie directors agreed a valuation of £115,000 at 31 March 2025. A revaluation gain of £4,600 is recognised in the Statement of Financial Activities. Debtors 2025 2024 Trade debtors Other debtors Prepayments 82,645 194 7,060 81.283 10,874 1,834 89,899 93,991 Page 18
Foyle Parents & Friends Association Notes to the accounts for the year ended 31 March 2025 Creditors: amounts falling due Ivithin one year 2025 2024 Taxes and social security creditor Bank loans and overdrafts Deferred income Accruals 5.226 1,204 2,786 10,000 13,068 24,583 25,854 31,013 10. Analysis of net assots between funds UDrestricted Restricted Designated funds funds funds Total funds Fund bnlAnces at 31 March 2025 as represented by: Tangible fixed assets Investment Property Current assets Current liabilities 136,904 136,904 115,000 428,790 1,067,933 (25,854) 115.000 586,129 (22,840) 53,014 (3,014) Total fund$ 678,289 186.904 428,790 1,293,983 11. Movements in Funds At l Aprfil Incomlng Outgolng 2024 resources resources At 31 Mxrch 2025 Transfer Restrictcd funds: Total restricted funds 194,570 973,667 (671,834) (309,499) 186,904 Unrostricted funds: General funds 596,712 20,258 (41,424) 102,743 678,289 Designated funds Total funds 222,034 206,756 428,790 1,013,316 993,925 (713,258) 1,293,983 Surplus generated from the WHSCT contract used to provide support and Day Opportunities is transferred to unrestricted funds at the end of each financial period. 12. Designated Funds The designated fund 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 fundiiig in the future. In the current financial year the designated funds total £428,790. Page 19
Foyle Parents & Friends Association Notes to the accounts for the year ended 31 March 2025 13. Cash and Cash Equivalcnts Opelllng balance Cashflows Closlng balance Cash at bank and in hand 667,369 167,873 978,034 14. Related Party Transactlons There were no related party transactions in the period under review. 15. Limited by Guarantee The coinpany is limited by guarantee and does not have a share capital. Every Inember of tlie coillpany undertakes to contribute such ainount as may be required not exceeding £1 to the assets of the charitable coinpany in the event of its being wound up while he or slie is a member, or within one year after he or sl)e ceases to be a member. 16. Controlling Interest Controlling interest rests with tlie Board of Directors. 17. Post Balance Sheet Events No significant events have taken place since the year end tliat would result in adjustinents to 2025 finaiicial information or inclusion of a note thereto. Page 20
Foyle Parents & Friends Association Notes to the accounts for the year ended 31 March 2025 18. FinancelReserves Policy Foyle Parents & Friends Association is committed to organisational financial sustainability and the generation of financial reserves to ensure the future of the organisation. Reserves provide tlie organisation with adequate financial stability and the means for it to meet its objectives for tlie future. In addition, sufficient reserves are essential to enable Foyle Parents & friends Association to meet it's short, medium and longer tem] strategic objectives. These strategic objectives also include any potential capital expansion plans, capital investment including ongoing refurbishment and strategic programme developinent. Foyle Parents & Friends Association will use all of its financial resources for the work of tlie organisation as it seeks to fulfill its mission. Tlie board recognise their responsibility for the control of tlie financial resources of the organisatioii. The project manager manage5 the approved budget on a daily basis and seeks direction froin the board as reiuired. Tlie organisation will aim to hold ali equivalent of six months operational costs in reserve. Page 21