Charity number: 104250 Friends of St Teresa's (Lurgan) Annual Report and Unaudited Financial Statements th for the year ended 30 June 2024 Friends o St Teresa's Lurgan
Friends of St Teresa's {Lurgan) Trustees and other information Trustees Catherine McEvoy Joanne Smyth Maria Evans Charity number in Northern Ireland 104250 Principal Address 36 Tarry Lane Lurgan Co. Armagh BT67 9LQ Independent Examiner Clara Rooney, FCA 28 Foxgrove Lurgan Co Armagh BT66 6ND
Friends of St Teresa's (Lurgan) Trustees, Report forthe year ended 30th June 2024 The trustees present theirTrustees' Report and the unaudited financial statements for the financialyear ended 30th June 2024. The Trustees, Report contains the information required to be provided in the Trustees, Annual Report underthe Statement of Recommended Practice {SORP) guidelines. In this report the trustees of Friends of St Teresa's (Lurgan) present a summary of its purpose. governance. activities, achievements and finances for the financial year ended 30"June 2024. The charity is a registered charity and hence the report and results are presented in a form which complies with the requirements of the Charities Act (Nl) 2013. Overview of the charity Friends of St Teresa's (Lurgan) is a small charity, established in 2015. We are an active PTA which organises social fundraising events for the families and children of the school. We also activelyvoLunteerforthe school reguLarLy, such as helping at the school sports day, annuaL bookfair, refreshments for confirmation and first communion and organising and volunteering at the events held each yearto assist with fundraising throughout the school. We wilL also help with any other events or matters that support the school and the families of the pupiLs within the school. Structure. Governance and Management Friends of St Teresa's {Lurgan) is an unincorporated association and is governed bya constitution adopted in September2015. The charity is run and managed by the trustees with assistance given from other committee members and the wider schooL communitywhen running events. The trustees and members meet formally at least once everythree months. At each meetingthe financial position is reviewed. Spending is discussed and approved. Officers may authorise some expenditure between meetings ensuring that such spending is reported at the next meeting. ALI payments are made by cheque and must be signed by two of the designated signatories for Friends of St Teresa's (Lurgan). 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 fundraising events.
Public Benefit Statement The key public benefits of the charity are as folLows: Purpose l.. Improved relationships between home and school. The benefitwhich flows from this purpose incLudes fundingfor 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 Primary School Lurgan. Charitytrustees (PTA committee members) are usualLy also parents atthe 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 education of pupils in the school The benefitwhich 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 communitywhich are not available through direct schooLfunding. This purpose does not Lead to harm. The benefit is for children at StTeresa's Primary School Lurgan. Charitytrustees (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. Review of Activities, Achievements and Performance Total income for the yearwas £8,313, this included donations from individuals. donations from EasyFundraising, bank interest received and money raised from fundraising events. Fundraising events heLd throughout the school year included a Pumpkin Patch, Christmas Fayre and Raffle, Glo Disco, Ceili and the end of year Party on the Pitch. Total income from these fundraising activities was £7,901. The costs for runningthese activities totalled £2,669. The events were well attended and enjoyed by pupils, parents and the wider community. Total payments made in the year totalled £12,922. £9,837 of this was donations to the school or purchasing gifts forthe pupils. The charitywas able to donate £6,670 to the school to purchase ten new laptops. Other donations and gifts to the school included a Christmas and Easter giftfor each pupil, gifts forthe P7 Leavers, replenishing stationery and other classroom supplies, helping fund the school counseLlor and an ice cream van visit forthe pupils and staff. The results forthe financialyear are set out in the financial statements.
In review of the finances and assets of Friends of St Teresa's (Lurgan), 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 forfunctions and decorative accessories for events and the cost not claimed despite such a claim being perfectLy legitimate. Members also give generousLy of theirtime in the planning, preparation, and delivery of events and in the business of running the charitywithout which itwould not exist. The Chairperson and Trustees wish to place on record their recognition and gratitude for these contributions. Results At the end of the financial year the charity has assets of £4,752 and no liabilities. The net assets of the charity have decreased by £4,758 since 30th June 2023. Approved by the trustees on 3° October 2024 and signed on their behalf by: Catherine McEvoy Trustee Maria Evans Trustee
Friends of St Teresa's (Lurgan) Independent Examiner's Report to the Board of Trustees of Friends of St Teresa's {Lurgan) I have examined the financiaL statements of the charity forthe financial year ended 30th June 2024, which comprise the Financial Statements. Respective responsibilities of trustees and examiner The charity's trustees are responsible forthe preparation of the financial statements in accordance with the requirements of the Charities Act (Northern IreLand) 2008. The charity's trustees considerthat an audit is not required forthis financialyear underthe Charities Act (Northern IreLand) 2008 and that an independent examination is required. It is my responsibilityto:_ examine the financial statements under section 65 of the Charities Act; followthe procedures laid down bythe general Directions given bythe Charity Commission for Northern Ireland under section 6519){b) of the Charities Act; and state whether particular matters have come to our attention. Basis of independent examiner's report I have examined your charityfinancial statements as required under section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act. An examination incLudes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It aLso includes consideration of any unusual items or disclosures in the financial statements and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequentLy no opinion is given as to whetherthe accounts present a'true and fair, view and the report is limited to those matters set out in the statement below. In connection with my examination, no matter has come to my attention which gives me cause to believe that in, any material respect: accounting records were not kept in accordance with section 63 of the Charities Act the financial statements do not accord with those accounting records the financial statements have not been prepared in accordance with the accounting requirements of the Charities Act there is further information needed for a proper understanding of the accounts to be reached.
Independent examiner's statement I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in orderto enabLe a proper understanding of the financiaL statements to be reached. lara ooney, FCA 28 Foxgrove Lurgan Co Armagh BT66 6ND Date.. 3rd October 2024
Friends of St Teresas (Lurgan) Flnanclal Statements forthe yearended 30th June2024 Unrestricted Funds 2023 Unrestrlcted Funds 2022 Receipts and Payments Account Receipts Donations Grants Fundraising activities Bank interest 405 534 250 5.830 7.901 Total recelpts 8.313 6,622 Payments School donations Fundraising activities Parentkind subscription Bankfees Equipment purchased 9.837 2,669 140 57 3,230 1,448 116 53 92 369 Total recelpts 13.072 4,939 Net receiptsllpaymentsforth8 year Balance broughtforward at 1 July 2023 (4,758) 9.500 1.683 7,817 Balance carried forward at 30 June 2024 4.742 9,500 Statement of Assets and Liabilities Bankand Cash 4.742 9.500 Approved bythe Board ofTrustees and authorised for issue on 3rd October2024 and signed on its behalf by.. Catherine McEvoy Trustee Maria Evans Trustee