Portadown Phoenix Players Financial Statements for the year ended 31 March 2025
Portadown Phoenix Players CONTENTS Page Executive Committee and Other Information Executive Committee's Report Statement of Committee's Responsibilities Accountant's Report Profit and Loss Account Balance Sheet Accounting Policies Notes to the Financial Statements 10
Portadown Phoenix Players DIRECTORS AND OTHER INFORMATION Executive committee Mr. Brendan Magee (Chair) Mrs Vanessa Coulter {Secretary) Mr. Denis McKeever {Treasurerl Mrs. Sinead Morrow (Vice Chairl Accountant MG accountants {Portadown) 2&27 Cadeton Streel Portadown Co. Annagh BT62 3EP United Kingdom Banker Danske Bank PO Box 183 Donegall Square West Belfast Co. Antrim BT1 6JS United Kingdom Solicitor RM Cullen Solicitors 16-22 Edward Street Portadown BT62 3NA United Kingdom
Portadown Phoenix Players EXECUTIVE COMMIThEE'S REPORT forthe year ended 31 March 2025 The Executive committee psents their report and the audited financial statements for the year ended 31 March 2025. Principal Activity The objects of the Society are to educate the public in the dramatic and operatic arts. and to fvrther the development of the public appreciation and taste in the said arts. Results The profivloss for the year amounted to £1,409 (2024: £742). Committee Mernbership The Members who served on Ihe Executive Committee during the year is as follows: Mr. Brendan Magee {Chair) Mrs Vanessa Coulter (Secretary) Mr. Denis McKeever (Treasurer) Mrs. Sinead Morrow (VI Chair) This report Was approved by the Executive Committee and signed on it's behalf by: Mr. Brendan Magee (Chair) Date.. Mrs Vanessa Coulter {Secretaryl Date: Jr/)r
Portadown Phoenix Players STATEMENT OF EXECUTIVE COMMITTEE'S RESPONSIBILITIES for the year ended 31 March 2025 The constitution of the organisation requires the Executive committee to prepare financial statements 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 organisation for that year. In preparing those financial statements. the Committee of Management are required to: 11 select suitable accounting policies and apply them consistenUy- 21 make judgements and estimates that are reasonable and pnjdent", 31 prepare the financial statements on the going concem basis unless tt is inappropriate to presume that the organisatson will conb'nue in the futu. 41 Slate whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial slatements.. The Executive committeé are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the organisation. They are also responsible for safeguarding the assets of the organisation and hence for taking reasonable steps for the prevention and detection of fraud and other IegUlaeS This report was approved by the Executive Committee and signed on its behalf by: Mr. Brendan Magee {Chair) Date: Q ).iL. Mrs Vanessa Coulter {Secretary) Date: l/l/ir
Portadown Phoenix Players ACCOUNTANT'S REPORT to the Members of Portadown Phoenix Players FINANCIAL AND EXAMINER'S REPORT 2025 Independent Examiner's Report to the Executive Committee of Portadown of Phoenix Players I repcrt on the accounts of Portadown Phoenix Players for the 12 month period ended 31 March 2025, which are set out on pages 7 to 10. Respectlve responsibilities of the Executive committee The Executive committee are responsible for the preparation of accounts. The Executive committee consider that an audit is not required for this year (under section 43121 of the Charities Act 1993 and the Charities Act INI) 2008) and that an independent examination is needed. l am qualified to undertake the examination by being a qualffied member of Chartered Accountants Ireland. aving satisfied myself that the entity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to: Exarnine the Accounts. To follow the procedures laid down in the general directions given by the charity commission. To stale whether particular matters have come to my attention. Basis of independent Examiner's Report My examination was carried out in accordance WEth the general directions given by the Charity Commission. An examination includes 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 Commrttee conceming 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 Independent Examiner's SL*ement In connection with my examination, I conffm that no material matters have come to my attention in connection with the exarnination which gives me cause to believe that in. any material respect= The accounts'ng records were not kept in accordance with section 130 of the Charities Act,. or The accounts did not accord the accounting records., or The accounts did not comply wth the applicable requirements conceming the fomi and content of accounts set out in the Charities (Accounts and Reports} Regulations 2008 otherthan any requirement thatthe accounts give a Irue and fairf view which is not a matter considered as part of an independent examination I have no concems and have come across no other matte(s in connection with the examination to which attention should be drawn in this repart in order to enable a proper understanding of the accounts to be reached. MG accountants {Portadown} 25-27 Carleton Stre•t Portadown BT62 3EP
Portadown Phoenix Players PROFIT AND LOSS ACCOUNT For the period ended 31 March 2025 2025 2024 Notes Income 24,521 19,741 Fundraising expenses Performance costs 21 13.991 3,449 16,345 5,739 Rent of perforynance space 22.084 17,461 Gross surplus 2,437 2,280 General expenses Office stats'onery Adverbsing Insurance Sub%riptions Entertainment Bank charges Depreciation 130 762 350 145 257 89 57 335 215 125 57 Administrative expenses 1,028 1,538 Profitl{Deficitl for the financial year 1,409 742
Portadown Phoenix Players BALANCE SHEET For the period ended 31 March 2025 2025 2024 Notes Fixed Assets Tangible Fixed Assets 589 457 Current Assets Cash at bank and in hand 7.538 6,261 Net Current Assets .127 6,718 Total Assets less Current Liabilities 8,127 6.718 Reserves Fund account 8.127 6,718 Total funds 8,127 6,718 We approve these financial statements on behalfofthe management committee and confim that we have made available all relevant records and information for their preparation. Mrs Vanessa Coulter Isecretaryl Date: .11 r/ir
Portadown Phoenix Players ACCOUNTING POLICIES for the year ended 31 March 2025 Basis of preparation The ff nancial statements have been ppared underthe historical cost convention and the financial reporttng standards. The following accounting policies have been applied consislenuy in dealing with items which are considèrad material in relation lo the organisations financial statements. Income Income comprises the various income streams as detsiled in note 1 and is recognised when received. Government Grants Grant income is recognised in income when received. Tangible fixed assets and depreciation Depreciation is provided at rates calculated to write off the cost or valuation less residual value of each ass expected useful life, as follows: Fixtures, fittings and equipment- 10°/o Straight line
Portadown Phoenix Players NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2025 INCOME The income for the year has been derived from:_ 2025 2024 Grants received 880 Box office and fundraising Membership Sponsorship and donations Other income 16,644 3,510 4,367 11,606 2,770 2,375 2,110 24,521 19,741 TANGIBLE ASSErs Fixtures, fittings and equipment Total Cost At 1 April 2024 Additions 571 189 571 189 At 31 March 2025 760 760 Depreciatlon Al 1 April 2024 Charge for the financial year 114 57 114 57 At 31 March 2025 171 171 Net book value Al 31 March 2025 589 589 Al 31 March 2024 457 457 FUND ACCOUNT Z025 2024 At l March 2024 Profit (Deficit) for the financial year 6,718 1,409 5,976 742 At 31 March 2025 8,127 6,718 io