Charlty Number: 106212 st Conorfs Parents, Teachers and Friends Association Annual Report and Unaudited Financial Statements for the financial year ended 31 August 2022
St Conor's Parents, Teachers and Friends Association CONTENTS Page Trustees, and Other Information Trustees, Report Statement of Trustees, Responsibilities Independent Examinerfs Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 10-12 Supplementary Information relating to the Financial Statements 14
St Conor's Parents, Teachers and Friends Association TRUSTEES. AND OTHER INFORMATION Trustees Janette Mccrory (Treasurer) Donna Meehan {Resigned 31 August 2022} Vicky O'Hagan Yvonne Mcmillan Oliver McGale {Chairperson} (Appointed 1 September 2021) Sheena Goodwin {Appointed 1 September 2021) Danielle Quinn (Secretary) {Appointed 1 September 2021 } Julie Corry {Appointed 12 October 2022) Joanne Coleman (Appointed 12 October 2022) Rosaleen McNulty (Appointed 12 October 2022) Elaine Gallagher (Appointed 12 October 2022) Emma Marshall (Appointed 12 October 2022) Deborah Albuquerque {Appointed 12 October 20221 Katrina McGettigan Charity Number In Northem Ireland 106212 Prlnclpal Addres$ St Conorfs Primary School 109 Brookmount Road Omagh Co Tyrone BT78 5JQ Independent Examiner Niall McKenna FCA 30a Gorbn Road Omagh Co Tyrone BT79 7HX Principal Bankers Bank of Ireland 23-25 Campsie Road Omagh Co Tyrone BT79 OAE
St Conor's Parents, Teachers and Friends Association TRUSTEES. REPORT for the financial year ended 31 August 2022 The trustees present their Trustees, Report and the unaudited financial statements for the financial year ended 31 August 2022. Mission, Objectlves and Strategy Misslon Ststement St Conor's Parents. Teachers and Friends Association is run by a group of volunteer parents, staff and friends who organise social events lo strengthen home-school relationships as well as occasionally raising funds to purchase educational resources for Ihe children at St. Conor's School. The Asso¢iation also supports the school by providing hospitality at school events and volunteeTing for roles within the school. The purpose of the Association is to advance the education of pupils in the school in particular by: 1. Developing effective relationships beeen the staff. parents and others associated with the school., 2. Engaging in activities or providing facilities or equipment which support the school and advance the education of the pupils. Stru¢ture, Governance and Management Structure The board of trustees are as follows: Yvonne Mcmillan Vicky O'Hagan Janette Mccrory Donna Meehan Oliver McGale Sheena Goodwin Danielle Quinn Governance The Goveming document.. Constitution Tlustee Selection Methods.. Elected at Annual General Meeting Review of Activities, Achlevements and Performance During 2021-22 the Committee oversaw the following activities.. 1. Christmas Bazaar 2. Freddy Fitness Fun Day 3. Sponsored Family Fun Walk Financial Roview The Receipts and Payments account shows a deficit of £{641). The total reserves available to the association at 30 September 2022 is £22,012, made up of cash at bank. Results and Dividends At the end of the financial year the charity has assets of £22,012 (2021 £22,653) and liabilities of £0.00 (2021 £O.001- The net asset5 of the charity have decreased by £1641). Reference and Admlnlstratlve detalls Additional reference and administrative details ¢an be found on page 3 of the financial statements. In accordance with the Constitution, the trustees retire by rotation and. being eligible. offer themselves for re-election. Compliance with Sector-wide Legislation and Standards The charity engage5 pro-actively with legislation, standards and codes which are developed for the sector. Sl con0$ Parents, Teachers and Friends Association subscribes lo and is compliant with the following.. The Chanties SORP (FRS 1021 Publlc Benefit The Trustees have had regard to the Commissions Public benefft requirement statutory guidance Purpose 1.. Improved relationships between home and school The benefit which flows from this purpose includes funding for additional resource5 for Ihe school and Ilnks bulll wllh the local ry)mmunity. Purpose 1 is demonstrated through having an active PTA that WOTks in partnership with the school and engages
St Conorfs Parents, Teachers and Friends Association TRUSTEES. REPORT for the financial year ended 31 August 2022 parental support. Purpose 2.. Advancing the education 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 buill with the local communlty. Purpose 2 is demonstrated through puplls having access lo resources. events. activities and links with the local community which are not available through direct school funding. No harm arises from either purpose. The beneficiaries of this charity are the children of St. Cono¢s Primary School. 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. AppToved by the Board of Trustees on 8 February 2024 and slgned on its behalf by: Yvonne Mcmillan Trustee Janette Mccrory (Treasurer) Trustee
St Conor's Parents, Teachers and Friends Association STATEMENT OF TRUSTEES. RESPONSIBILITIES for the financial year ended 31 August 2022 The trustees are responsible for preparing the financial statements in accordance with applicable law and regulations. The law applicable to charities in Northern Ireland requires the trustees lo prepare financial statemenls for each financial year which give a true and falr view of the assets, liabilities and financial position of the charity as at the rinancial year end date and of the surplus or deficit of the charity and olheNise comply with the Charities Act INortheTn Ireland} 2008. In preparing these financial statements. the trustees are required to.. select suitable accounting policies and apply them consislently- observe the methods and principles in the Charities SORP make judgements and accounting estimates that are reasonable and prudent- state whether the financial statements have been prepared in accordance with applicable accounting standards, identify those standards. and note the effect and the reasons for any material departure from those standards-, and prepare the financial statements on the going concern basis unless tt is inappropriate to presume that the charity will continue in operation. The trustees confirm that they have complied wlh the above requirements in preparing the financial statem8nts. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charivs transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act (Northern Ireland} 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the Board of Trustees on 8 February 2024 and signed on its behalf by: Yvonne M¢Millan Trustee Janette Mccrory (Treasurer) Trustee
St Conor's Parents. Teachers and Friends Association INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES OF ST CONOR'S PARENTS, TEACHERS AND FRIENDS ASSOCIATION I have examined the financial statements of the charity for the financial year ended 31 August 2022, whlch comprise the Statement of Financial Activities. the Balance Sheet and the related notes. This report is made solely lo the charivs members, as a body, in accordance with the Charities Act (Northem Ireland) 2008. My work has been undertaken so that I might compile the financial statements that I have been engaged to compile, report to the Board of Trustees that I have done so, and state those matters that I have agreed lo slate lo Ihem in this report and for no other purpose. To the fullest extent pemiitted by law. I do not accept or assume responsibility to anyone other than the charity and the charity's members. as a body, for my work, or for this report. Respg¢tiVo responsibilities of trustees and examiner The charity's trustees are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act (Northern Ireland) 2008. The charity's trustees consider that an audit is not required for this financial year under the Charities Act (Northern Ireland) 2008 and that an independent examination is required. 11 is my responsibility to.. examine Ihe financial statements under section 65 of the Charities Act., follow the procedures laid down by the general Directions given by the Charity Commission for Northem Ireland under section 65{9){bl of the Charities Act: and state whether particular matters have come to my attention. Basis of independent examlner's report I have examined your charity financial stalements as required under section 65 of the Charities Act and my examination was carried out in accordance with the general Direction5 given by Ihe Charity Commission for Northem Ireland under seclion 65{9llb) of the Charities Act. An examination includes a review of the accounting records kept by the charily and a comparison of Ihe 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 conceming 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 whether the 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 nol kept in accordance with section 63 of the Charities Act the financial s18tements do not accord with those accounting COrdS the financial statements have not been prepared in accordance wilh the 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 IFRS1021 there is further infomialion 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 mallers in connection with the examination to which attention shobk(drawn in this report in order to enable a proper understanding of the financial statements to be reached. NIALL MCKENNA FCA 30a Gortin Road Omagh Co Tyrone BT79 7HX Date: 8 February 2024
St Conor's Parents, Teachers and Friends Association STATEMENT OF FINANCIAL ACTIVITIES for the financial year ended 31 August 2022 Unrestricted Restricted Funds Funds 2022 2022 Total Unreslricled Restricted Funds Funds Funds 2022 2021 2021 Total Funds 2021 Note$ ResouT¢e$ Expended Raising funds Other expenditure 460 181 460 181 21,200 175 21,200 175 Total Resources Expended 641 641 21.375 21.375 Net Incomlngloutgoing resources before transfers (641) (641) (21,375) (21.3761 Gross transfers beeen funds Not movèment in funds for the financial year {641) 1641) 121,375) 121,375) Reconciliation of funds: Total funds beginning of the year 22.264 389 22.653 43,639 389 44,028 Total funds at the end of thé year 21.623 389 22.012 22,264 389 22,653 The Statement of Financial Activities includes all gains and losses recognised in the financial year. All income and expenditure relate lo continuing activities. The notes on pages 10 10 12 form part of the financial slalements
St Conorfs Parents, Teachers and Friends Association BALANCE SHEET as at 31 August 2022 2022 2021 Notes Current Assets Cash al bank and in hand 22,012 22.653 Nel Current Assets 22,012 22,653 Total Assets less Current Liabilities 22.012 22.653 Funds Restricted twst funds Designated funds {Unrestricted} General fund (unrestricledl 389 12,301 9.322 389 12,512 9,752 Total funds 22,012 22.653 Approved by Ihe Board of Trustees and authorised for issue on 8 February 2024 and signed on its behalf by 13 Feb 2024 Yvonne M¢Millan Trustee Janette Mccrory (Treasurer) Trustee The notes on pages 10 10 12 form part of the financial stalemenis
St Conor's Parents, Teachers and Friends Association NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 August 2022 GENERAL INFORMATION Sl Conols Parents, TeacheTS and Friends Association is a charity incorporated in Northern Ireland. The registered office of the charity is St Conorfs Primary School. 109 Brookmounl Road. Omagh, Co Tyrone. BT78 5JQ which is also the principal place of activities of the charity The financial slalements have been presented in Pound Sterling 1£) which is also the functional currency of the charity. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following accounting policies have been applied consislenuy in dealing with items which are Considered material in relation to the chaiily's financial statements. Basis of preparation The financial statements have been prepared on the going concern basis under the historical cost convention, modified to include certain items al fair value. The financial statements have been prepared in accordance with the Statement of Recommended Practice {SORPI "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102.. As permitted by the Companies Act 2006, the charity has varied the Standard formats In that act for the statement of Financial Activities and the Balance Sheet. Departures from the standard formats are to comply with the requirements of the Charities SORP and are in compliance with section 4.7, 10.6 and 15.2 of that SORP. ststement of compliance The financial slatemenls of the charity for the financial year ended 31 December 2017 have been prepared on the going concern basis and in accordance with the Statement of Recommended Practice ISORPI "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102" Incoming Resources Voluntary income or capital is included in the Statement of Financial Activities when the charty is legally entitled to it, its financial value can be quantified with reasonable certainty and there is reasonable certainly of its ultimate receipt. Enlillement to legacies is considered established when the charity has been notified of a distribution lo be made by the executors. Income received in advance of due performance under a contract is accounted for as deferred income until eamed. Grants for activities are recognised as income when the related conditions tor legal entitlement have been met. All other income is accounted for on an accruals basis. Income from charitable activities Income from charitable activities include income eamed from the supply of seNices under contractual arrangements and from performance related grants which have eonditions that specify the provision of particular services to be provided by the charity. Income from government and other co-funders is recognised when the charity is legally entitled to the income because il is fvlfilling the condition5 Contained in the related funding agreements. Where a granl is received in advance, its recognition is deferred and included in creditors. Where entitlement occurs before income is received, il is accrued in debtors. Grants from governments and other co-funders typically include one of the following types of conditions.. Perfomiance based conditions.. whereby the charity is contractually entitled to funding only to the extent Ihat the core objectives of the grant agreement are achieved. Where the charity is rneeling the core objectives of a grant agreement. it recognises the related expenditure, lo the extent that rt is reirnbursable by the donor. as income. -Time based condition5- whereby the charity is contractually entitled to funding on the condition that it is utilised in a particular period. In these cases the charity recognises the income to the extent it is utilised within the period specified in the agreement. In the absence of such conditions. assuming that receipt is probable and the amount can be reliably measured. grant income is recognised once the charity is notified of entitlement. Grants received towards capital expenditure are credited to the Statement of Financial Aclivities when received or receivable, whichever is earlier. 10
St Conor's Parents, Teachers and Friends Association NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 August 2022 Resources Expended All resources expended are accounted for on an accruals basis. Charitable activities include costs of services and grants, support costs and depreciation on related assets. Costs of generating funds similarly include fundraising activities. Non-staff ¢osls nol attributed lo one category of activity are allocated or apportioned pro-rata to the staffing of the relevant service. Finance, HR, IT and administrative staff costs are directly attributable to individual activities by objective. Governance costs are those associated with constitutional and stalutory requirements. Cash al bank and in hand Cash al bank and in hand comprises cash on deposit at banks requiring less than three months notice of withdrawal. PROVISIONS AVAILABLE FOR AUDITS OF SMALL ENTITIES In common with many other charitsble companies of our size and nature, we use our auditors to assist with the preparation of the financial statements. EXPENDITURE RAISING FUNDS Direct Costs other Costs Support Costs 2022 2021 Annual Bazaar Fundraising Activities 1311 21.231 460 460 460 21.200 OTHER EXPENDITURE Direct Costs Other Costs Support Costs 2022 2021 Administration costs 128 53 181 175 SUPPORT COSTS Other Expenditure 2022 2021 Support Costs 53 53 52 ANALYSIS OF SUPPORT COSTS 2022 2021 Support Costs 53 52 RESERVES 2022 2021 Al the beginning of the year Deficit for the financial year 22,653 (641) 44.028 {21,375) At the end ofthe year 22,012 22.653
St Conor's Parents, Teachers and Friends Association NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 August 2022 FUNDS RECONCILIATION OF MOVEMENT IN FUNDS Unrestrlcted Restrlcted Funds Funds Total Funds At 1 September 2020 Movement during the financial year 43,639 121,375) 389 44,028 (21,3751 Al 31 August 2021 Movement during the financial year 22,264 (6411 389 22,653 1641) Al 31 August 2022 21,623 389 22,012 ANALYSIS OF MOVEMENTS ON FUNDS Balance 1 September 2021 Income Expendlture Transfers between funds Balance 31 August 2022 Restricted funds Aclive Awards Funding Unrestrieted funds Matilda Production Annual Bazaar Freddy Fitness Fundraising Activities 389 389 1189} 6,711 5.907 9,835 128 1317) 6,711 5,907 9,322 6.786 7.299 22.264 6,786 {7,4271 21,623 Total funds 22.653 6.786 7,427 22,012 ANALYSIS OF NET ASSETS BY FUND Current assets Total Restricted trust funds 389 389 Unrestricted designated funds Unrestricted general fvnds 12.429 9,194 12,429 9,194 21.623 21.623 22,012 22,012 12
ST CONOR'S PARENTS TEACHERS AND FRIENDS ASSOCIATION SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 AUGUST 2022 13
St Conor's Parents, Teachers and Friends Association SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS Operating Statement for the financial year ended 31 August 2022 2022 2021 Income Fundraising Activities 6,786 6,786 Cost of gènerating funds Leavers Gifts Annual Bazaar Leaming resources 1,605 131) 19.570 7,148 7,148 21,144 Gross deficit (362) (21.144) Expenses Bank charges General expenses Charitable donations 53 98 128 52 56 123 279 231 Net deficit (641) {21,3751 The supplementary information does not form part of the financial statements 14