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 POli￿eS
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 Mam￿rShIp
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 di￿tionS 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 r￿t
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 S￿l0n 130 of the Charities Act" or
The accounts did not accord with the accounting records. or
The accounts did not comply with the ap￿ICable 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 perfo￿ar￿ts 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 tr￿se 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 r￿te 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