Portadown Phoenix Players Financial Statements for the year ended 31 March 2024
Portadown Phoenix Players CONTENTS Page Executive Committee and Other Infomiation Executive Committee's Report Statement of Committee's Responsibilities Accountant's Report Profit and Loss Account Balance Sheet Accounting POlieS 10 Notes to the Financial Statements
Portadown Phoenix Players DIRECTORS AND OTHER INFORMATION Executive commlttee Mr. Brendan Magee (Chair) Mrs Vanessa Coulter (Secretary) Mr. Denis McKeever (Treasurer) Mrs. Sinead Morrow (Vlce Chair) Accountsnt MG acGountants (Portadown) 2>27 Carleton Street Portadown Co. Arniagh BT62 3EP United lQngdom Banker Danske Bank PO Box 183 Donegall Square West Belfast Co. Antsim BT16JS United Kingdom Solicitor RM Cullen Solicitors 16-22 Edward Street Portadown BT62 3NA United lQngdom
Portadown Phoenix Players EXECUTIVE COMMirrEE'S REPORT for the year ended 31 MarGh 2024 The Executive committee presents their report and the audited financaal statements for the year ended 31 MarGh 2024. Princlpal Activlty The objects of the Society are to educate the public in the dramatic and operatic arts, and to further the development of the public appreclation and tsste in the said arts. Results The profitlloss for the year amounted to £742 (2023: £953). Committee MamrShIp The Members who served on the Exewtive Committee duriTVJ the year is as follows: Mr. Brendan Magee (Chair) Mrs Vanessa Coulter (Secretsry) Mr. Denis McKeever (Treasurer) Mrs. Sinead Morrow (Vice Chair) This report was approved by the Executive Commth and signed on iys behalf by: Mr. Brendan Magee (Chair) Date: c-/ Mrs Vangssa Coulter {Secretary) Date:
Portadown Phoenlx Players STATEMENT OF EXECUTIVE COMMITTEE'S RESPONSIBILITIES for the year ended 31 Mar¢h 2024 The constitution ofthe organisatlon requires the ExeGutive committee to prepare ffinancial ststements for each financial year which give a true and fair view of the state of affairs of the organisation and of the profit or loss of the organisatlon for that year. In preparing those ffinancial statements, the Committee of Management are required to: 1) select suitable accounting policies and apply them consistenty: 2) make judgements and estimates that are reasonable and prudent. 3) prepare the financial statem8nts on the goirvJ concem basis unless it is inappropriate to presume that the organisation will continue in the future. 4) state whether applicable accounting standards have been followed. subject to any material departures disdosed and explained In the financial ststements; The Executive committee are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the organisation. They are also reswjnsible for safeguarding the assets of the organisation and hence for tsking reasonab steps for the prevention and detection of fraud and other irregularities This report was approved by the Executive Committee and signed on ts behalf by". Mr. Bre (Chair) dan Magee Date: . c-LLE1 Mrs Vanessa Coulter (Secretary) Date:
Portadown Phoenix Players ACCOUNTANT'S REPORT to the Members of Portadown Phoenix Players FINANCIAL AND EXAMINER'S REPORT 2024 Independent Examln8rfs Report to the Executlvo Committee of Portadown of Phoonlx Players I report on the accounts of Portadown Phoentx Players for the 12 month period ended 31 Marth 2024, which are set outon pages 7 to 10. Respective responslbillties of the Executlve commiliee The Executive commtitee are responsible for the preparntion of accounts. Tha Executive committee consider that an audit is not required for this year (under section 43(2) of the Gharities Act 1993 and the Charities Act {Nl) 2008) and that an independent examination is needed. l am qualified to undertake the examination by being a qualffied member of Chartered Accountants Ireland. Having satisfied myself that the entity is not subject to audit under company law and is eligible for independent examination. it is my responsibilty to.. Examine the A(xounts. To follow the procedures laid down in the general directions given by the charity commission. To state whether particular matters have come to my attention. Basis of independent Examinerfs Report My examination was carried out in accordance wtih the general ditionS grven by the Charity Commission. examination indudes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the Management Committee conceming such matters. The procedures undertaken do rt provide all the evidence that would be required in an audti and consequently no opinion is given as to whether the accounts present a 'true and fair Vie and the report is limited to those matters set out in the statement below Indepgndent Examinefs SL*ment In connection with my examination. I confimi that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect.. The accounting records were not kept in accordan V4fjth Sl0n 130 of the Charities Act" or The accounts did not accord with the accounting records. or The accounts did not comply with the apICable requirements concerning the fomi and content of accounts set out in the Char5ties (Accounts and Reports) Regulations 2008 otherthan any requirement that the accounts give a knie and faiff view which is not a matter considered as part of an independent examination I have no concerns and have come across no other matters in connection with the examination to whid) attention should be drawn in Ihis report in order to enable a proper understanding of the accounts to be reached. MG accountsnts (Portadown) 25-27 Carleton Street Portadown BT62 3EP
Portadown Phoenlx Players PROFIT AND LOSS ACCOUNT For the period ended 31 March 2024 2024 2023 14.507 Income 19,741 19 9,765 1,722 Fundraising expenses Performance costs Rent of perfoarts space 21 13,991 17N61 11.506 2,280 3,001 Gross surplus 45 754 General expenses Office stationery Advertising Insurance Subscriptions Entertainment Bank charges Depreciation 762 208 335 336 156 393 215 125 57 57 2,048 Administrative expenses 1,538 Profitl(Deficit) for the flnancial year 742 953
Portadown Phoenix Players BALANCE SHEET For the period ended 31 March 2024 2024 2023 Fixed Assets Tangible Fixed Assets 457 514 Current Assets Cash at bank and in hand 6,261 5.462 Net Current Assets 6.718 5,462 Total Assets less Currnnt Liabilities 6,718 5,976 Reserves Fund w)unt 6,718 5,976 Totsl funds 6,718 5,976 We approve trse ffinancial statements on behalfof the management committee and confirn thatwe have made available all relevant records and infomiation for their preparalion. Mrs Vanessa Coulter {Secretary) Date:
Portadown Phoenix Players ACCOUNTING POLICIES for the year endad 31 March 2024 Basi$ of preparation Th8 financial statements have been prepared underthe historical cost Gonvention and the financial reporbng stsndards. The followlng accounting policies have been applied consistenty in dealing with itams which are considered material In relation to the organisations financial statements. Income Income Comprises the various income streams as detailgd in rte 1 and is recogni when received. Government Grants Grant income is recognisèd in income when received. Tanglble fixed assets and depreciatlon Depreciation is provided at rates calculated to write off the cost or valuation less residual value of each asse expected useful lrfe. as follows: Fixtures, fittings and equipment. 100h Straight line
Portadown Phoenix Players NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2024 INCOME The income for the year has been derived from:_ 2024 2023 2,000 7,320 2,220 2,351 616 Grants received Box office and fundraising Membership Sponsorship and donations Other income 11,606 2,770 2,375 2110 19,741 14,507 TANGIBLE ASSETS Flxtures, fftiings and equipment Total Cost At 1 April 2023 Additions 571 571 571 571 At 31 March 2024 Depreciation At 1 April 2023 Charge for the finanual year 57 57 57 57 At 31 March 2024 114 114 Net book value At 31 March 2024 457 457 At 31 March 2023 514 514 3 FUND ACCOUNT 2024 2023 At l March 2023 Profit {Oeficit) for the financial year 5,976 742 5,023 953 At 31 March 2024 6,718 5,976 io