K MAGILL & COMPANY Charl Number: 107013 Friends of Cabra Annual Re ort and Unaudited Financial Statements for the flnancial ear ended 31 Au ust 2024 'Accountingfor your fvture" BALLYGAWLEY I DUNGANNON I BELFAST I www.magillaccountanis.co.uk CHARTERED COVNTAI4T5
Friends of Cabragh CONTENTS Pag• Reference and Administrative Information Trustees, Report Statement of Trustees, Re8ponsibilrties Independent Examinerfs Réport Statement of Financial Activities Balance Sheet Notes to the Financial Stalement3 9-10 Supplementary Information relating to the Financial Statements 12
Friends of Cabragh REFERENCE AND ADMINISTRATIVE INFORMATION Trustees Mrs Claire McKillion Mrs. Linda Corrigan Mrs. Nuala McK6nna Charlty Numbor In Northern Ireland 107013 Prlnclpal Addr••• 10 Whites Road Dungannon Co. Tyrone BT70 3AN Northem Ireland Indopondonl Eximln•r K Magill and Company Chartered Accountants 2 Church Street Ballygawley Dungannon Co. TYr¢e BT70 2HB Northern Ireland B•nker• Danske Bank 54 Market Square, Dungannon Co Tyrone BT70 1AB Northern Ireland
Frlonds of Cabragh TRUSTEES, REPORT for tha financial yèar gnded 31 August 2024 The trustees present thelr Trusl8es' R8POrt and the unaudlled flnandal stat8ments for th8 flnanclal year ended 31 August 2024. Th8 financial Statements are prepared In accordanc8 wlth FRS 102 Th8 Flnandal Reportlng Standard applicable in th8 UK and R8publi¢ of Ireland. and Accounllng and Repon9 by Charities: Statemenl of Recommended Pr8di¢e applicab18 to charities preparing their finanrial stat8m8nts In a¢A)rdance the Financial Reporting Stsnd8rd applicable in th8 UK and Republic of Ire5and IFRS 102). Th6 Trustees, R8POrt contains the infomalion required to be provided in Ihe Trustees, Annual Report under the Statement of Recommended Praclice (SORPI guidelin8s. The trustees of the charity are also charity truslees for the purpose of charity law and under th• charlty's constitution are known 88 m8mb8rs of the board of Iruslees. In th18 report the trustees ol Friend8 of Cabragh present a Summary of its purpose. gov•m8n¢6, a¢tlvlUo8, achiavoments and financ85 for the financial financial year 31 August 2024. Mliglon, Obloctlv•s and Strat•gy Mls8lon Stat•m•nt Obj8CtIV8s and Activitles Friends of Cabragh are a group of volun18ers who come together to support the Iccal prfmary school of St Marys Cabragh and 8nhanco the oducational oxporienco of the childr8n att•nding. Tho Charity support the local school by me8tlng wlth tho principal to dlscuss 11 there are additlonal 8ducatlonal voluntary support that tho Charlty can provide. Ttho Charity organise fundrai3in9 ovonls to an80 them to ralso funds that aro then used to wrchaso 6ducatlonal resourc8s or equlpm8nt for the chlldren of the school. Th• ben6ltts wlll b8 demonstrated by 8SS8S81ng and evaluallng the out¢ome of 8clivltl85 provlded by Frlends of Cabragh through quoswonalres and fvedback from pupils, staff and p8rents. Th8r8 18 no hami arlslng from our purpogos The ben8flciarie8 arn the pupll8, 8taff and families of Si Marys Cabr8gh Pdmary School. Thore is no pdvat8 bonofit from our purposes. Flnanclal R•vl•w Durfng the year ended 31 August 2024, FrlerKls of Cabragh produ¢•d a surplus of £12,524.12023'. £406). At the and of the financial year the ch8rlly had assot8 of £16,48212023- £3,958) and 1lablli11o8 of £O12023- £01. It is tho policy of Friends of Cabragh to retain a level to covor any unforo$0on expenditure and allow the chartty to ¢onllnue Sn operation. Th• tru$t808 do not forasae any flnanclal Is$ue8 In the fore88éabl• futuro. R•iutt• and Dlvld•nd• Tho not assots of the Gharity have increased by £12,524. Compllanc• wlth S•ctor-Wld• Logl•latlon and Standards The Charfty angag8s prop8Gtlvely with leglslatlon. standards and ¢odo8 whkh arn developed for tho 8tOr. Frl•nd8 of Cabragh subscdbes lo and Is compllant wllh the followlng.. Tho Charltlo8 SORP {FRS 102) Approv•d by lh• Board of Tru•t••• on 18 Nov•rnb•r 2024 and •1gn•d on It• b•half by: alr• McKllllon Trus1•• rs. Llnda Corrlgan Tru•t
Frlends of Cabragh STATEMENT OF TRUSTEES. RESPONSIBILITIES for the financial year ended 31 August 2024 The trusle6s aro responsible lor prepariThJ tt16 financial statements In accordance wSth applkable law and ragulations. Th8 law applIcae to charities In Nothem Iréland requlres the trustees to prepare financial statemenls for 6ach financial year which give a true and fair view of the assets, Ilabililigs and financial F)osition of th8 charity as al the financial year end dalè and of thè surplus or dellclt of Ihe charityy and otherwiso comply wlth the chariti Act INorth•m Ireland) 2008. In preparing th8s8 financial slatemants, the trusl&o$ are required to- select sull8ble accounltng pollcles and apply th8m consist8ntly- observe the methods and principles in the Chari1I6s SORP makè judgements and 8stimat8S that are reasonable and prudent., stale whether the financial slal&ments have been prepared in accordance wllh th8 rdov8nt flnan¢481 feporting framewoth. idenlfy those standards, and not8 the èffect and the r&a$ons for any material d&partur8 from those 8landards', and prepare the flnancial stst8ments on th8 going concem basis unles811 Is Inapproprfat8 lo pr8sum8 that the charlty will continuo In operallon. Tho trust888 confimi that they hava compllgd wllh tha above r8qulrem8nt8 In preparlng the financi81 stalemonts. The trustees are responsible for ke8ping adeqLtate accounllng records that are SLrffi¢lent to show and explaln lh8 charity8 transactions and disclose with roasonabl8 accuracy at any Ilmo the flnanclal po$ltlon of the charity and 8n8ble them to ensure that the financial statgmonts eompty w+th lh8 Ch8ritl88 Act (Northern Ireland) 2008. Thay ar• also rosponsible for safeguardlng the assets of th• charfty and h6nco for taklng roasonablo steps for the proventlon and dalocllon of fraud and other Irregulartll88. Approv•d by th• BHrd of TNt••• on 18 Novemb•r 2024 and ¥lgn•d on Its b•h•lf by: Mrn Clalr• McKllllon Truit Llnda CorrSgn Tru•l••
Friends of Cabragh INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES OF FRIENDS OF CABRAGH We hav8 examined the finanal $tstemenls of the charity for the financial year ended 31 August 2024, whith comprise the Statemenl of Financial Activitl8S, the Balance Shèet and the related notes. This report is made solely to the chanty's members. as a body, in accordance wth th8 Charities Act (Northèm Ireland) 2008. Our work has been undertaken so that we might compile the financial statements that we have been 8nga98d to compile, report to the Board ol Trustees that we have done so. and slate those matters Ihal we have agreed lo state to them in this report and for no other purpose. To the fullest extent permitted by law. we do not acG8pI or assume responsibility lo anyone other than the charity and the charity's members, as a body, for our work, or for this report. Re8PeCtlv8 r08ponslbllltlM of tru8t608 and examln•r The charity's trustees are responsible for the preparation of the financtal staleménls in accordance with the requirements of the Charities Act (Northern Ireland) 2008. The charity's trustees consider thal an audit is not requif8d for this financial year under the Charities Act (Northern Ireland) 2008 and that an independenl examination 18 required. It is our responsibility lo.. examine the finanoal statements under section 65 of the Charities Act., follow the procedures laid down by the general Direcbons given by the Charity Commission for Northem Ireland under secliorn 6519llbl of the Charities Act". and stale whether particulaf matters have come to our attention. Ba$S8 of Indendent ox•mlnof• report We have examined your charity financial statements a8 required under secb'on 85 of the Charities Act and our examination was carried out in accordance with the general Directions given by the Charity Commission for Northem Ireland under section 65(9}Ibl of the Charities Act. An examination indudes a review of the accounting records kept by the tharity and a comparison of the finanaal statements presented wth those records. It also Indudes consideration ol any unusual items or di10$UreS in the financial slalements and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as lo whether the accounts present 8 'tru6 and fairf view and the report 1$ limited to th08e matters sel out in the statement below. In connection with our examination, no matter has ¢om8 to our attentr'on whi¢h gives us cause to believe that in, any material re8P8Ct'. accountsng cordS were not kept in accordance with section 63 of thé Charities Act the financial statements do not accord with those accounting records the financial statements have not been prepar8d in accordance with the Slalement of Recommended Practice applie2ble to charities preparing their accounts in accordance with the Finan&al ReFKJrting Standard applicable in the UK and Republic of Ireland IFRS1021 there is furthef infomation naelaed for a proper understanding of the accounts to be reached. Independent examlnerfi •tstem•nt We have no concems and have come across no other matters in connection with the examination to which attenbon should be drawn in this report in order to enable a proper understanding of the finanaal statements lo be reached. Kl¢r•n IAag BS¢ (Econ) FCA FCPA AFTA K MAGILL AND COMPANY Chartered AOUntantS 2 Church Street Ballygawley Dungannon Co. Tyrone BT70 2HB Northern Ireland Dato: 18 Novembor 2024
Friends of Cabragh STATEMENT OF FINANCIAL ACTIVITIES for the financial year ended 31 August 2024 Unro¥trlctod Reslrlctgd Fund• Funds 2024 2024 Total Unrestricte(l Restricted Funds Funds 2023 2023 Total 2024 2023 Note• Income Voluntsry Inc£)me Activities for genératsng funds 500 63,367 500 55,357 162 3,982 162 3,982 1.990 Total In¢omlng ro•ourc•s 53,887 1,990 65,857 4,144 4,144 Expendltur• Raising fund8 Other expenditure 3,604 37,739 3,604 39.729 130 935 130 3,608 1,990 2,873 Total Exp•ndltur• 41.343 1,990 43,333 1,065 2,873 3,738 Net Incomlngloutgolng r••ourc•8 befor¢ trnn•f•r• Gross transfers be88n funds 12,524 12,524 3,079 12,673) N•t movem•nt In lund• for the flnanclal y•ar 12,524 12,524 3,079 12.873) R•eoncSllatlon of fund• Balances brought forward at 1 September 2023 3,958 3,958 879 2,873 3,552 8alanco• ¢arrl•d forward •t 31 Augu•t 2024 18,482 18,482 3,958 3,958 The Statement of Financial Activitie8 includes all gains and1088es recogni8ed in the finanoal year. AJI income and expenditure relate to continuing adivities. The notes on pa9e8 9 10 10 fom part of the finanaal 8lalement8
Friends of Cabragh BALANCE SHEET as at 31 August 2024 2024 2023 Curr•nt A$••ts Cash at bank and in hand 16,482 3,958 N•t Curr•nt Ass•ts 16.482 3,958 Total Ass•ts l••• Curr•nt Llabllltlos 16,482 3,958 Fund8 General fvnd lunreslrlctsd) 16.482 3,958 Totsl funds 16,482 3,958 Approv•d by th• Board ol Trn•t••• and •uthorlMd for l••u• on 18 Nov•mb•r 2024 •nd 8lgn•d on Its b•h•lf by Mrn Clalr• McKllllon Tru•t•• Mrs. Llnda Corrlg•n Trust•• Th• notas on pag•s 9 to 10 lomi part of finandal $tatem•nts
Friends of Cabragh NOTES TO THE FINANCIAL STATEMENTS for the finanoal year ended 31 August 2024 GENERAL INFORMA TION Friends of Cabragh is a charity incorporated in Northern Ireland. The registered office of the chanty is 10 Whites Road, Dungannon, Co. Tyron8, BT70 3AN, Northern Ireland which is also the principal place of business of the chanty The financial statements hav8 been presented in Pound Stefling (£1 which is also the functional currency of Ihe Charity. SUIAMARY OF SIGNIFICANT ACCOUNTING POLICIES The following accounting polioes havé been appliéd consistentty in dealing items which are considered material in relation to the charity's finanaal statements. Ba•18 ol preparntlon The financial statements have been prepared on the going concern basis under the historical cost conventson, modified to include certain items 8t fair value. Th8 fin8noal $tat8menls hav8 been prepared in accordance with the Ststemenl ol Recommended Practice ISORP} "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporb"ng Standard applicable in the UK and Republic of Ireland FRS 102" applying Section 1A of that Slandard. As pemitted by the Companies Act 20C6, the charity has varied the standard formats in that act for the Statement of Financial Activities and the Balance Sheet. Departures from the standard fornats are to CA)mpty with the requirements of the Chantses SORP and are in complnCe wrth section 4.7, 10.6 and 15.2 of that SORP. Statom•nt of eompllance The financial ststemènts of the charity Yor the finanaal year ended 31 August 2024 have been prepared on the going concern basis and in accordance with the Statement of Recommended Practice ISORPI "Accounkn'ng and Reporting by Charities preparing their accounts in accordance wrth the Finanri81 Reports'ng Slandard applicable in the UK and Republic of Ireland FRS 102" applying Section 1A of that Standard. Incom• Voluntary in¢om6 or capital 18 induded in the Statement of Finanaal Atxivilies vthen the Chanty is legalty entitled lo it, its financial value can be quantified with reasonable certainty and there is re8sonable txrtainty of its ultimate receipt. Grants lor activitie$ are recognised as income when the related conditions for legal enlillemeni have been mel. All other income ia acnted for on an accruals ba818. Expendlturn All resources éxpended are accounted lor on an accruals basis. Charitable activities indude cost8 of gérwces and grants, support costs and depreciation on related assets. Costs of generating lunds similarly indude fundraising activities. Govemance o)sts are those asSl3ted with constitutional and statutory requirements. Ca•h at b•nk Ind In hand Cash at bank and in hand comprises cash on deposit at banks requiring less than three months notice of withdrawal. INCOME DONATIONS AND LEGACIES Unr•$trlctod Rmtrlclod Fund• Fund• 2024 2023 Donations soo 500 162 OTHER TRADING ACTMTIES Unr••trlcted Ré8trl¢ted Funds Funds 2024 2023 Fundraising Grants 53,367 63.367 1,990 3,982 1.990 53.367 1.990 55,357 3.982
Friends of Cabragh NOTES TO THE FINANCIAL STATEMENTS continued for Ihe financial year ended 31 August 2024 EXPENDITURE RAISING FUNDS Dlre¢t Costs Other Costs Support Cost• 2024 2023 Raising funds 3,604 130 OTHER EXPENDITURE Dlr•ct Co•ts Othér Co8t• Support Co•t• 2024 2023 Administrative expenses 39,729 39.729 3.608 RESERVES 2024 2023 At 1 September 2023 Surplus for the financ$81 year 3,958 12,524 3,552 At 31 Au9usI 2024 16.482 3,958 POST.BALANCE SHEET EVENTS There have been no 8ignificanl events affecting the Charity since thé finanryal yèar-end. 10
FRIENDS F CABRAGH UPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL TATEMENT R TH FINANCIAL YEAR ENDED 1 AUGU T 2024 11
Friends of Cabragh SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS Operating Statement for the financial year ended 31 August 2024 2024 2023 Incorn• Oonalions Family Fortunes Hall¢)ween Disco Christmas Disco Sensory Garden opening day Grants 500 52.629 738 162 810 3,172 1,990 55,857 4.144 Cost of g•n•ratlng fund• FaMlY Fortunes Christrias Disco 3,604 130 3,604 130 Gro•• •urplu• 52.253 4.014 Exp•n••s Educational equipment and SoUrceS 8ank charges General expenses Subscriptsons 39,566 3,423 40 99 145 39,729 3,808 N•t •urplu• 12.$24 The supplementary informalion does not fom part of Ihe finanoal statements 12