Annual Report for the Year ending June 2023
Annual Report and Statement of Accounts
For the year 2022/2023 NI Charity Number: 104250
Friends of ST Teresa’s Primary School, Lurgan
36 Tarry Lane, Cornakinnegar, Lurgan BT67 9LQ Tel: 028 38323425
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Annual Report for the Year ending June 2023
The trustees of Friends of St. Teresa’s Primary School, Lurgan (FOST) are pleased to submit their report and accounts for the period July 01[st] 2022 to June 30[th] 2023 Achievements and Performance
The year in 5 numbers
8 3 3 196 £9,499.82 Year School & FOST pupils, their surplus for Supporting Community meetings families & friends the year St .Teresa’s Events by held served Primary FOST School
Financial Review
Financial performance in the year June 30[th] 2023 has been broadly consistent with the trustees’ forecasts and expectations; a surplus of income over expenditure of £9,499.82 was achieved for the year.
Income
Income receipts for the year totalled £6614.17 FOST’S income is generally healthy and was driven by fundraising initiatives; primarily a sponsored walk/run held in the school and supported by the school staff.
Expenditure
Expenditure for the year totalled £4885.67. Expenditure is well managed and controlled with all transactions fully accounted for within the records held by the charity Treasurer.
Stock
As of June 30[th] 2023, the FOST did not hold any stock.
Gifts and Support in Kind
In review of the finances and assets of FOST, it must be noted that many members and trustees give a great deal of support in kind. Many purchases are made and paid for by members such as prizes for raffles, snacks for FOST functions and decorative accessories for events and the cost not claimed despite such a claim being perfectly legitimate.
Members also give generously of their time in the planning, preparation, and delivery of events and in the business of running FOST without which FOST would not exist and strengthen.
The Chairperson and Trustees wish to place on record their recognition and gratitude for these contributions.
Funds Materially in Deficit
As at June 30[th ] 2023, FOST had no funds in material deficit.
Major Risks- As at June 30[th] 2023, FOST have no major risks to reports.
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Annual Report for the Year ending June 2023
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Annual Report for the Year ending June 2023
Approved and adopted by electronic issue to the executive committee and signed on their behalf.
Niamh Henderson- Chairperson- FOST
Notes to the Accounts
Restricted Funds
FOST does not operate within Restricted Funds.
Trustees’ Expenses
No expenses were paid to any of the Trustees during the year except to reimburse them for purchases made on behalf of FOST.
Trustees’ Indemnity Insurance
No charitable funds have been used to purchase insurance to indemnify the Trustees against the consequences of any neglect or default on their part.
Accounting Policies
Section 133 of the Charities Act 2011 permits a charity to prepare receipts and payments account and a statement of assets and liabilities where gross income in the financial year does not exceed £250,000, therefore receipts and payment accounts and a statement of assets and liabilities has been prepared and presented for the year ended June 30[th] 2023. All income is recorded when received and all expenditure is recorded when paid.
Independent Scrutiny
In the year ended June 30[th] 2023, gross income did not exceed £25,000 and therefore, in accordance with sections 144 & 145 of the Charities Act 2011 no audit or independent examination is required.
Approved and adopted by electronic copy sent to Executive Committee on 1[st] October 2023
Niamh Henderson
Chairperson
Reference and Administrative Details Charity Name
Friends of St Teresa’s Primary School, Lurgan which is also known as FOST.
Charity Number
Registered charity in Northern Ireland.
NIC104250
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Annual Report for the Year ending June 2023
Principal Address
36 Tarry Lane, Cornakinnegar Lurgan Co. Armagh BT67 9LQ
Charity Trustees as of June 30[th ] 2023
Ms Niamh Henderosn Chairperson Mrs Paula Magee Vice Chairperson Mrs Louise Hoy Treasurer Mrs Sinead Adams Secretary
Other Charity Trustees in the Year to June 30[th] 2023
None
Structure, Governance and Management
Governing document and Constitution
The Friends of St Teresa’s Primary School, Lurgan (FOST) is an unincorporated association and is governed by a constitution adopted in September 2015. (Copy submitted with Annual Report & Statement of Accounts to 30 th June 2017.)
FOST is run and managed entirely by the Trustees with assistance given from members of the school and the local wider community when running events.
Trustees Selection and Management
FOST is managed by the Trustees listed above. The Trustees meet formally typically once every three months. In the year to June 30[th] 2023, there were 3 formal meetings.
At each meeting the Treasurer presents the latest accounts, and these are reviewed against budgets and forecasts. Spending is discussed and approved. Officers may authorise some expenditure between meetings ensuring that such spending is reported at the next meeting. All payments are made by cheque and must be signed by two of the designated signatories for FOST.
The meetings also provide a forum to review recent activities and to plan forthcoming events. There is however additional ad hoc meetings convened to plan and prepare for special events.
The above annual report was emailed to executive committee members for acceptance and approval on 1st October 2023 with full confirmation of approval received.
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Annual Report for the Year ending June 2023
Objectives and Activities
Charitable Objectives
The objectives of FOST as set out in our constitution are to advance the education of pupils in the school in particular by;
Developing affective relationships between the staff, parents and others associated with the school; and
Engaging in activities or providing facilities or equipment which support the school and advance the education of the pupils
Public Benefit Statement
FOST has a number of key public benefits, and these are outlined below.
Purpose 1: Improved relatonships between home and school
The benefit which flows from this purpose includes funding for additional resources for the school and links built with the local community. This is demonstrated through having an active PTA that works in partnership with the school and engages parental support. This purpose does not lead to harm. The benefit is for children at St Teresa’s PS, Lurgan. Charity trustees (PTA committee members) are usually also parents at the school which their children attend and hence gain benefit in the same way as all other beneficiaries. This benefit is incidental and necessary to ensure the benefit is provided to all beneficiaries.
Purpose 2: Advancing the educaton of pupils in the school
The benefit which flows from this purpose includes increased educational progress and attainment of pupils in the school and links built with the local community. This is demonstrated through pupils having access to resources, events, activities and links with the local community which are not available through direct school funding. This purpose does not lead to harm. The benefit is for children at St Teresa’s PS, Lurgan. Charity trustees (PTA committee members) are usually also parents at the school which their children attend and hence gain benefit in the same way as all other beneficiaries. This benefit is incidental and necessary to ensure the benefit is provided to all beneficiaries.
The Trustees of FOST confirm that they have complied with their duty under section 17 (5) of the Charities Act 2011 to have regard to the Charity Commission’s guidance on public benefit and that the public benefit requirement has informed the activities of the Society in the year to June 30[th] , 2023.
In evaluating public benefit, the Trustees note that membership of the Friends of St Teresa’s PS, Lurgan is open to all who share an interest in the charitable objectives of FOST. All pupils at St Teresa’s PS are also able to benefit from the events provided and the funds raised by FOST.
Summary of Main Activities & Achievements Activities
FOST continue to support St Teresa’s primary school and all its pupils in numerous ways. For the July 2022 to June 2023 reporting period FOST ran numerous events with a key focus on The Bunny Run.
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Annual Report for the Year ending June 2023
FOST organised a sponsored 5k run within the school, which was undertook by the school staff and called it the Bunny Run. A school teacher participated by dressing up as a bunny and the children, followed him, by running or walking around the school. The money raised from the Bunny Run was held in provision for iPads, which was requested from the school principal, Mr Kearney, as a wish for the school year.
As well as directly supporting the school, FOST understand the vital role that we can play in our community, to this end FOST held a Christmas tree light switch on which included a choir performance by local choir Cantabile. The school secretary participated by dressing up as The Grinch, which the children thought was brilliant.
The traditional Christmas Tree purchase was made, and FOST supported Christmas celebrations by organising a visit from Santa to each Classroom and gift of an arts and crafts treat to each pupil.
Easter Eggs distributed 2023 to all children.
FOST also run an 80’s/90’s/00’s night out for parents of the school and wider community.
FOST contributed to the Primary 7 leavers event, by donating towards the running costs of a leavers party, organised by the p.7 parents.
FOST also held their first ever movie night which turned out to be a great success.
FOST provided puddle suits/wetsuits to the p.1 class, which will allow outdoor play for all the p.1 children each year.
FOST also contributed books to the p.7 class and a “teachers wishlist”, which replenished stationary, jigsaws and books.
Achievements
The main achievements for FOST in this reporting period include the ability to fund and fundraise by organising the Bunny run/sponsored walk, which seen a huge amount of £3109.91 being raised. These funds are a provision for iPads for the children.
The above annual report was emailed to executive committee members for acceptance and approval on 1[st] October 2023 with full confirmation of approval received.
Niamh Henderson
Chairperson
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