g e d e Ss xeinaain
Charity Number: 107013
Friends of Cabragh
Annual Report and Unaudited Financial Statements for the financial year ended 31 August 2025
Office | Registered Office | 5-7 Irish Street | | 2Church Street | t. 028 8799 0099 DungannonCountyBT70 lJW Tyrone || BallygawleyCountyDungannon Tyrone ||| e. dungannon@xeinadin.com; | \G CHARTEREDACCOUNTANTSIRELAND BT70 2HB |; w www.xeinadin.com |
Friends of Cabragh CONTENTS
| Page | |
|---|---|
| Reference and Administrative Information | 3 |
| Trustees' Report | 4 |
| Statement of Trustees' Responsibilities | 5 |
| Independent Examiner's Report | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes to the Financial Statements | 9-10 |
| SupplementaryInformationrelatingtotheFinancialStatements | 12 |
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Friends of Cabragh REFERENCE AND ADMINISTRATIVE INFORMATION
| Trustees | Mrs Claire McKillion |
|---|---|
| Mrs. Linda Corrigan | |
| Mrs. Nuala McKenna | |
| Charity Number in Northern Ireland | 107013 |
| Principal Address | 10 Whites Road |
| Dungannon | |
| Co. Tyrone | |
| BT70 3AN | |
| Northern Ireland | |
| Independent Examiner | Mr. Kieran Magill |
| Xeinadin NI Ltd | |
| 2 Church Street | |
| Ballygawley | |
| Co. Tyrone | |
| BT70 2HB | |
| Northern Ireland | |
| Principal Bankers | Danske Bank |
| 5-6 Market Square, | |
| Dungannon | |
| Co Tyrone | |
| BT70 1AB | |
| NorthernIreland |
3
Friends of Cabragh TRUSTEES' REPORT
for the financial year ended 31 August 2025
The trustees present their Trustees' Report and the unaudited financial statements for the financial year ended 31 August 2025.
The financial statements are prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
The Trustees’ Report contains the information required to be provided in the Trustees’ Annual Report under the Statement of Recommended Practice (SORP) guidelines. The trustees of the charity are also charity trustees for the purpose of charity law and under the charity's constitution are known as members ofthe board of trustees. In this report the trustees of Friends of Cabragh present a summary of its purpose, governance, activities, achievements and finances for the financial financial year 31 August 2025.
Mission, Objectives and Strategy
Mission Statement
Objectives and Activities
Friends of Cabragh are a group of volunteers who come together to support the local primary school of St Marys Cabragh and enhance the educational experience of the children attending. The Charity support the local school by meeting with the principal to discuss if there are additional educational voluntary support that the Charity can provide. Tthe Charity organise fundraising events to enable them to raise funds that are then used to purchase educational resources or equipment for the children of the school. The benefits will be demonstrated by assessing and evaluating the outcome of activities provided by Friends of Cabragh through questionaires and feedback from pupils, staff and parents. There is no harm arising from our purposes The beneficiaries are the pupils, staff and families of St Marys Cabragh Primary School. There is no private benefit from our purposes.
Financial Review
The results for the financial year are set out on page 7 and additional notes are provided showing income and expenditure in greater detail.
Results and Dividends
At the end of the financial year the charity has assets of £3,133 (2024 - £16,482) and liabilities of £0 (2024 - £0). The net assets of the charity have decreased by £(13,349).
Compliance with Sector-Wide Legislation and Standards
The Charity engages pro-actively with legislation, standards and codes which are developed for the sector. Friends of Cabragh subscribes to and is compliant with the following: m= The Charities SORP (FRS 102)
Approved by the Board of Trustees on 31 October 2025 and signed on its behalf by:
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: a / . \
Mrs Claire McKillion Mrs. Linda Corrigan « 3}
Trustee Trustee
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Friends of Cabragh STATEMENT OF TRUSTEES' RESPONSIBILITIES
for the financial year ended 31 August 2025
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 to prepare financial statements for each financial year which give a true and fair view of the assets, liabilities and financial position of the charity as at the financial year end date and of the surplus or deficit of the charity and otherwise comply with the Charities Act (Northern Ireland) 2008.
In preparing these financial statements, the trustees are required to:
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= select suitable accounting policies and apply them consistently;
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m 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
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= prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees confirm that they have complied with the above requirements in preparing the financial statements.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's 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 31 October 2025 and signed on its behalf by:
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< A/ lL H \
Nave Me ill o>
Mrs Claire McKillion rs. Linda Corrigan
Trustee Trustee
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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 2025, which comprise the Statement of Financial Activities, the Balance Sheet and the related notes.
This report is made solely to the charity's members, as a body, in accordance with the Charities Act (Northern Ireland) 2008. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the Board of Trustees that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's members, as a body, for our work, or for this report.
Respective 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.
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It is our responsibility to: m examine the financial statements under section 65 of the Charities Act; = follow the procedures laid down by the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act; and
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m state whether particular matters have come to our attention.
Basis of independent examiner's report
We have examined your charity financial statements as required under section 65 of the Charities Act and our 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 whether the accounts present a ‘true and fair view and the report is limited to those matters set out in the statement below.
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In connection with our examination, no matter has come to our attention which gives us cause to believe that in, any material respect:
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™ accounting records were not kept in accordance with section 63 of the Charities Act a the financial statements do not accord with those accounting records
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m_ the financial statements have not been prepared in accordance with 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 (FRS102)
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m_ there is further information needed for a proper understanding of the accounts to be reached.
Independent examiner's statement
We 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 order to enable a proper understanding of the financial statements to be reached.
fe TG | Mr. Kieran Magill Bsc (Econ) FCA FCPA AFTA XEINADIN NILTD 2 Church Street Ballygawley Co. Tyrone BT70 2HB Northern Ireland
Date: 31 October 2025
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Friends of Cabragh
STATEMENT OF FINANCIAL ACTIVITIES
for the financial year ended 31 August 2025
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | ||
|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | Funds | Funds | ||
| 2025 | 2025 | 2025 | 2024 | 2024 | 2024 | ||
| Notes | £ | £ | £ | £ | £ | £ | |
| Income | |||||||
| Voluntary Income | 3.1 | - | - | - | 500 | - | 500 |
| Activities forgenerating funds |
3.2 | 902 | 13,338 | 14,240 | 53,367 | 1,990 | 55,357 |
| Total incoming resources | 902 | 13,338 | 14,240 | 53,867 | 1,990 | 55,857 | |
| Expenditure | |||||||
| Raising funds Other expenditure |
41 4.2 |
- 14,251 |
- 13,338 |
- 27,589 |
3,604 37,739 |
- 1,990 |
3,604 39,729 |
| Total Expenditure | 14,251 | 13,338 | 27,589 | 41,343 | 1,990 | 43,333 | |
| Net incoming/outgoing | (13,349) | - | (13,349) | 12,524 | - | 12,524 | |
| resources before transfers | |||||||
| Gross transfers between | - | - | - | - | - | - | |
| funds | |||||||
| Net movement in funds for | (13,349) | - | (13,349) | 12,524 | - | 12,524 | |
| the financial year | |||||||
| Reconciliation of funds: | |||||||
| Total funds beginning ofthe | 16,482 | - | 16,482 | 3,958 | - | 3,958 | |
| year | |||||||
| Total funds attheend of | 3,133 | - | 3,133 | 16,482 | - | 16,482 | |
| the year | |||||||
| The Statement of Financial Activities Allincomeandexpenditurerelateto |
includes all gains and losses continuingactivities. |
recognised | in the financial | year. |
The notes on pages 9 to 10 form part of the financial statements
t
Friends of Cabragh BALANCE SHEET
as at 31 August 2025
| 2025 | 2024 | ||
|---|---|---|---|
| Notes | £ | £ | |
| Current Assets | |||
| Cash at bank and in hand | 3,133 | 16,482 | |
| Net CurrentAssets | 3,133 | 16,482 | |
| Total Assets less Current Liabilities | 3,133 | 16,482 | |
| Funds | |||
| General fund (unrestricted) | 3,133 | 16,482 | |
| Totalfunds | 3,133 | 16,482 |
Approved by the Board of Trustees and authorised for issue on 31 October 2025 and signed on its behalf by
nN; } (Aor I biblys rs Claire McKillion Trustee
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| :
Mrs. Linda Corrigan :
Trustee
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The notes on pages 9 to 10 form part ofthe financial statements
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Friends of Cabragh NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 August 2025
1; GENERAL INFORMATION
Friends of Cabragh is a charity incorporated in Northern Ireland. The registered office of the charity is 10 Whites Road, Dungannon, Co. Tyrone, BT70 3AN, Northern Ireland which is also the principal place of business of the charity The financial statements have been presented in Pound (£) 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 items which are considered material in relation to the charity'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 at fair value. The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP) "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", applying Section 1A of that Standard.
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.
Statement of compliance The financial statements 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 (SORP) "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", applying Section 1A of that Standard.
Income
Voluntary income or capital is included in the Statement of Financial Activities when the charity is legally entitled to it, its financial value can be quantified with reasonable certainty and there is reasonable certainty of its ultimate receipt. Grants for activities are recognised as income when the related conditions for legal entitlement have been met. All other income is accounted for on an accruals basis.
Expenditure
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. Governance costs are those associated with constitutional and statutory requirements.
Cash at bank and in hand
Cash at bank and in hand comprises cash on deposit at banks requiring less than three months notice of withdrawal.
| 3. | INCOME | ||||
|---|---|---|---|---|---|
| 3.1 | DONATIONS | Unrestricted | Restricted | 2025 | 2024 |
| Funds | Funds | ||||
| £ | £ | £ | £ | ||
| Donations | - | - | - | 500 | |
| 3.2 | OTHER TRADING ACTIVITIES | Unrestricted | Restricted | 2025 | 2024 |
| Funds | Funds | ||||
| £ | £ | £ | £ | ||
| Fundraising Grants |
902 . |
- 13,338 |
902 13,338 |
53,367 1,990 |
|
| 902 | 13,338 | 14,240 | 55,357 |
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continued
Friends of Cabragh
NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 August 2025
| 4. | EXPENDITURE | |||||
|---|---|---|---|---|---|---|
| 4.1 | RAISING FUNDS | Direct Costs |
Other Costs |
Support Costs |
2025 | 2024 |
| £ | £ | £ | £ | £ | ||
| Raising funds | - | - | - | - | 3,604 | |
| 4.2 | OTHEREXPENDITURE | Direct Costs £ |
Other Costs £ |
Support Costs £ |
2025 £ |
2024 £ |
| Admin expenses | 27,589 | - | - | 27,589 | 39,729 | |
| 5. | RESERVES | |||||
| 2025 | 2024 | |||||
| £ | £ | |||||
| At the beginning ofthe year (Deficit)/Surplus for the financial year |
16,482 (13,349) |
3,958 12,524 |
||||
| At the end ofthe year | 3,133 | 16,482 | ||||
| 6. | POST-BALANCE SHEET EVENTS | |||||
| Therehavebeennosignificantevents | affectingtheCharity | sincethe | financialyear-end. |
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FRIENDS OF CABRAGH
SUPPLEMENTARY INFORMATION
RELATING TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 AUGUST 2025
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Friends of Cabragh
SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS Operating Statement for the financial year ended 31 August 2025
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Income | ||
| Coffee morning Donations Family Fortunes Halloween Disco Grants |
902 - - - 13,338 |
- 500 52,629 738 1,990 |
| 14,240 | 55,857 | |
| Cost ofgenerating funds | ||
| Family Fortunes | - | 3,604 |
| - | 3,604 | |
| Gross surplus | 14,240 | 52,253 |
| Expenses | ||
| Educational equipment and resources Bank charges Generalexpenses |
27,429 43 117 |
39,566 64 99 |
| 27,589 | 39,729 | |
| Net(deficit)/surplus | (13,349) | 12,524 |
The supplementary information does not form part of the financial statements
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