K MAGILL & COMPANY Chorlty Numb•r: 107013 Friends of Cabragh Annual Report and Unaudited Financial Statements for the financial year ended 31 August 2023 Accoiinting for yoiir futiire" 11A1.I.)'<TrAIVI.FY I l)L'NlIA,SYI)N ww. ma%lllac¢i)urttani.¢ii.uk CHARTEftED ACC¢XNTANIS
Friends of Cabragh CONTENTS Reference and Administrative Information Page Trustees, Report Statement of Trustees, Responsibilities Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 9-10 Supplementsry Information relating to the Financial Statements 12
Friends of Cabragh REFERENCE AND ADMINISTRATIVE INFORMATION Trusto•s Mrs. Linda Corrigan Mrs. Claire McKillion (Appointed 22 November 20221 Mr5. Nuala McKenna (Appointed 22 November 2022) Mrs. Catherine Corrigan (Resigned 22 November 2022} Mrs. Michelle Foster (Resigned 22 November 20221 Charlty Numbor In North•rn Iroland 107013 Prlnclpal Addras• 10 Whiles Road Dungannon Co. Tyrone B T70 3AN Northern Ir&land Indopendont Examlner K Magill and Company Chartered Accountants 2 Church Street Ballygawley Dungannon Co. Tyrone BT70 2H8 Northern Ireland Banker8 Danske Bank 5-6 Market Squarè, Dungannon Co Tyrona BT70 1AB Northern Ir6land
Friends of Cabragh TRUSTEES. REPORT for the financial year ended 31 August 2023 Thé trustees present their TnJsle8s' Report and the unaudited financial statements lor the financial year ended 31 August 2023. The financial slalemenls are prepared in accordance with FRS 102 Yhe Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in th6 UK and Republic of Ireland IFRS 1021. The TTuslees' Roport ¢ontains the information required to be provlded in the Trustees, Annual Report under the Statement of R6commendad Practice ISORPI guidelines. Th8 trust8es of the charity are also charity trustees for the purpose of charity law and under the charity 5 con51itulion are known as members of the board of Iruslee5. In this report the Iruslees of Friends of Cabragh present a summary of its purpose, govemance. aclivilies, achievements and finances for the financial financial year 31 August 2023. Mlsslon, ObJ•ctlv•s and Strategy MSs8lon Statement Objectives and Activities Friends of Cabragh are a grotsp of volunteers who come together lo support the local primary school of Sl Marys Cabragh and enhance the educational experience of the children attending. The Charity support th8 local school by meeting with the principal lo discuss if ther8 are additional educational voluntary support thal the Charity can provide. The Charity organise fundraising events lo enable them lo raise funds that are then used lo purchase educational resources or equipment for the children of the school. The benefits will be demonstrated by asse$5ing and evaluating the outcome of activities provided by Friends of Cabragh through queslionaires and fe&dback from pupils, Staff and parents. There is no hafm arising from our purposes The beneficiaries ar& the pupils, staff and families of St Marys CabTagh Primary School. There is no private benefit from our purposes. Flnanclal R•vlew During the year end8d 31 August 2023, Friends of Cabragh produced a surplus of £406.12022'. £2,554). Al the end of th8 financial year the charity had assets of £3,958 {2022'. £3.552) and liabilities of £0. 12022.. £0). 11 is the policy of Friends of Cabragh lo relain a level lo cover any unfOSeen expenditure and allow th8 chanly lo continue in opgralion. The trustees do not foreseé any financial issues in the foreseeable future. Compllance wlth Se¢tor.Wlde Loglslatlon and Standards The Charity engages pro-actively with legislation, standards and codes which are developed for the sector. Friends of Cabragh subscribes lo and is compliant with the following.. The Charities SORP IFRS 102) Approv•d by th• Board of Tru•toe• on 8 Nov•mb•r 2023 and slgned on Iti behalf by.. i;n.I Mrs. Clalre McKillion Trustee Inda Corrlgan Trustee
Friends of Cabragh STATEMENT OF TRUSTEES. RESPONSIBILITIES for the financial year ended 31 August 2023 Thè Iruslees are responsible for preparing the financial slalem8nts in accordance with applicable law and regulations. The law applicable lo charities in Northem Ireland requires the Iruslees lo prepare financial ststements for each financial year which give a true and fair vi8w of the assets, liabilities and financial position of the charity as at the financial year end dale and of the surplus or deficit of the company and otherwise comply with the Charities Act (Northern Ireland) 2008. In preparing these financial s1818menls. the Iruslees are required lo.. select suitable accounting policies and apply them consistently.. observe the m&lhods and principles in the Charilios SORP make judgements and estimates that are reasonable and prudenl.. slate whether the financial slalemenls have been prepared in accordance wilh the r818vant financial reporting framework, identify those standards, and nole th8 effect and the reasons for any material departure from those standards., and prepare the finanGial ststements on the g0Sng concern basis unless it Is inappropriate to presume that the company will continue in operation. The trustees confirm that they have complied with the above requirements in preparing Ihe financial statements. The Iruslees are responsible for keeping adequate accounting records that 8r6 sufficient lo show and explain the charity's transactions and disclose with reasonable aocuracy al any lime the financial position of the charity and enable them lo onsure that the Tinancial slalem6nts ¢omply with the Charities Act (Northgm 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 irregulariti8s. Approved by tho Board of Trust••• on 8 Nov•mber 2023 and *lgn•d on It• b•h4lf by., Mri. Clalr• McKllllon Trustee Mrs. Llnda Corrlgan Truste•
Friends of Cabragh INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES OF FRIENDS OF CABRAGH We have examined the financial statements of the charity for the financial year ended 31 August 2023, which comprise the Slalement of Financial Activities, the Balance Sheet and the relaled notes. This report is made solely to the charity's members, as a body, in accordance with the Charities Act (Northem Ireland) 2008. Our work has been undertaken so th81 we might compile the financial statements that we have been engaged lo compile, report lo the Board of Twslees that we have done so, and stale those mallers Ihal we have agreed to slate lo them in this report and for no olh&r purpose. To the fullest extent permilled by law, we do not accept or assume re$ponslbility to anyone other than the charity and the charity's members, as a b¢)dy, for our work, or for this report. R•3POCtlv• ro$ponslbllltlo8 of tf UStee$ and examlner The charity's Iruslees are responsible for the preparation of the flnancial statements in accordance with the requirements of the Charili8s Act (Northem Ireland) 2008. The charity's Iw51ees consider that an audit is not requir&d for this financial yéar under the Charities Act (Northern Ireland) 2008 and that an independent examination is required. It is our re$pon$ibility lo.. examine the financial statem6nls under section 65 01 th8 Charities Act. follow the procedures laid down by the gener81 Dir8clions given by the Charily Commission for Northern Ireland under section 65191{bl of the Charities Act, and slate whether particular rnalters have come lo our attention. Ba•ls of Ind•p•nd•nt •xarnln•r'• r•port We have examined your charity financial statements as required under secllon 65 of the Chartlies Act and our examination was carried out in accordance with the general Oirections given by the Charity Commission for Northern Ireland under section 6519llbl of the Chanlies Act. An examination includes a review of the accounting records kept by the charity and a comparison of the financial slalemenls presented with those r8cords. It also includes consideration of any unusual items or disclosures in the financial slalemenls and sèeking oxplanations from the Iruslees concerning any such mallers. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as lo whether the accounts present a 'true and fair. view and the roport is limited lo those mallors sel out in the $lalemenl below. In connection wllh our gxaminallon, no maller has com• lo our attention which giv6$ us cause lo believe that in, any material respe¢i'. accounting records were not kept in accordance with section 63 of the Charities Act the financial slalemenls do not accord with those accounting records the financial statements have not been prepared in a¢cordanee with the Sial8m8nl of R8commended Pracli¢e applicable lo charities preparing their accounts in accordance with the Financial Rewrtin9 Siandard applicable in the UK 8nd Republic ol Ireland IFRS1021 there is further information needed for a proper understanding of the accounts lo be reached. Indepond•nt oxamlner's stat•ment We hav8 no concerns and have come across no othèr matters in connection with the examination to which attention should b8 drawn in this report in order lo enable a prop8r understanding of the financial slalem8nls to r8ached. Kleran Mag Sc {Econl F K MAGILL AND COMPANY Chartered Accountants 2 Church Street Ballygawley Dungannon Co. Tyronè BT70 2H8 Northern Ireland TA Date: 8 Nov•mb•r 2023
Friends of Cabragh STATEMENT OF FINANCIAL ACTIVITIES for the financial year ended 31 August 2023 UnroStrScted Re$trlct•d Funds Fund• 2023 2023 Total Unreslricled Restricted Funds Funds 2022 2022 Total Not•$ 2023 2022 In¢oma Voluntary Income Activities for generating funds Investments 162 3,982 162 3.982 2,203 9.729 11,932 Total Incomlng resources Expondltura 4,144 4,144 2.204 9,729 11.933 Raising lund$ Other expenditure 130 935 130 3.608 2,673 2.323 7.056 9,379 Total Expendlturo 1,065 2.673 3.738 2.323 7,056 9,379 Net Incomlngloutgolng resources before tr•n8for• Gloss transfers betW8en funds 3,079 12.6731 406 11191 2,673 2,554 N•t movement In funds for tho flnancial year R•¢on¢lllatlon ol lunds Balances brought forward al 1 September 2022 3.079 {2,673} 406 {1191 2,673 2,554 879 2,673 3.552 998 998 alan¢•• carrl•d forward at 31 Augil•t 2023 3,958 3,958 879 2,673 3.552 The Slalemenl of Flnancial Activities includes all gains and losses recognised in the financial year. All income and expenditure relate lo continuing aclivilies. The notès on pages 9 10 10 fom) part of the Iinanaal statements
Friends of Cabragh BALANCE SHEET as al 31 August 2023 2023 2022 Current Assets Cash al bank and in hand Note$ 3,958 3,S52 N•t Current Assots 3,958 3,552 Total Asséts 108$ Current Llabllltl•$ 3.958 3.552 Funds Reslricled funds General fund {unreslricledl Total fund• 2,673 879 3,958 3,958 3,552 Approvod by th• Board ol Tru•te•s and authorl8•d for Is•u• on 8 November 2023 and slgned on Its bfrhalf by Mrs. Clalro M¢Kllllon Tru¥te• rs. Llnda Corrlgan Tru•t•• The notes on pages 9 10 10 form part of the finan¢ial statements
Friends of Cabragh NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 August 2023 GENERAL INFORMATION Friends of Cabragh is a charity incorporated in Northern Ir8land. The registered office of the charity is 10 Whites Road, Dvngannon, Co. Tyrone, BT70 3AN, Northem Ireland which is also the principal place of business of the charity. The financial slalemenls have been presented in Pound Sterling {£) which is also the functional currency of the charity. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following accounting policies have been applied consistently in dealing with itèms which are considered material in relation to the charity's financial statements. 8a•l¥ of pr•paratlon The financial slalemenls have been pr&pared on the going concern basis under the historical cost convention. modified lo include certain items at fair value. The financial slalemenls have been prepared in accordance with the Slalem8nl ol Recommended Practice ISORPI "Accounting and Reporting by Charities preparin9 Ih8ir accounts in accordance with the Financial Reporting Standard applicable in the UK and Rfrpublic of Ireland FRS 102" applying Section 1A of that Standard. As permitted by the Companies Act 2006, the charity has varied the standard formals in that act for the Slalemenl of Financial Activities and the Balance Sheet. Departures from the standard fomials are lo comply with the requir&ments of Ihe Charities SORP and ar8 In compliance with Saction 4.7, 10.6 and 15.2 of Ihal SORP. Statament of compllance The financial slalemenls of th8 charity for the financial year ènded 31 August 2023 have been prepared on the going concern b8$is and in accordance with the Sialemenl of Recommended Pra¢lice ISORPI 'Accounling and Reportino by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102. applying Section 1A of that Standard. In¢om• VolLJnlary incom& or capital is included in thé Sialement of Financial Activities when th& charity is legally enlilled lo it, its Tinancial value can be quanlifie¢J with reasonable certainty and there is reasonabl8 certainly of ils ultimate receipt. Grants for activities are recognised as income whan the related conditions for 18g81 enlillem8nl have been mel. All other Income is accounted for on an accruals basis. Exp•ndlturn All resources expended are accounted for on an aGcrual$ basls. Charilable activities include costs of seNices and grants, support costs and depreciation on related assets. Costs of generating funds similarty include fundraising aclivllies. Governance costs are those associated wllh conslltulional and statutory reqviremenls. Cash at bank and In hand Cash al bank and in hand comprisès cash on deposit al banks requiring 18ss than three months notice of withdrawal. INCOME DONATIONS Unr•strlct•d R•strlctod Funds Funds 2023 2022 Donations 162 162 ACTIVITIES FOR GENERATING FUBNOS Unr•strlct8d Rostrlctèd Funds Fund$ 2023 2022 Fundraising Grants 3,982 3.982 2,203 9,729 3.982 3,982 11,932
Friends of Cabragh NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 August 2023 INVESTMENTS continued Unrostrlcted Restrlctod Funds Funds 2023 2022 Investments EXPENDITURE RAISING FUNDS Dlroct Costs Other Cost$ Support Costs 2023 2022 Raising funds 130 130 OTHER EXPENDITURE Dlr•¢t Costs Other Costs Support Costs 2023 2022 Adminislralive expenses 3,608 3,608 9.379 INVESTMENT AND OTHER INCOME 2023 2022 Bank Interest RESERVES 2023 2022 Al 1 Sopl8mb6r 2022 Surplus for the financial y8ar Al 31 August 2023 3.552 406 998 2.554 3,958 3,552 POST4ALANCE SHEET EVENTS There have been no significant events affecting the Charity since the finanGial yearryend. 10
FRIENDS OF CABRAGH SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 AUGUST 2023 11
Friends of Cabragh SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS Operating Slalemenl for the financial year ended 31 August 2023 2023 2022 Income Donations Christmas Disco Sensory Garden opèning day Coffee morning Grants 162 810 3,172 2,203- 9,729 4.144 11,932 Cost of g•n8ratlng funds Christmas Disco 130 130 Gro81 8urplu8 4.014 11,932 Expen••• Educational equipment and resources Bank charge5 General expenses Subscripth'ons 3.423 40 9,156 27 80 116 145 3,608 9,379 Mi$cellaneou8 income Bank interest Net 8urplu• 406 2,554 The stspplemenlary infomialion does not fom part of the financial slalements 12