Strabane A YE
Statement of Financial Activities
Year ended 31 July 2025
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Donations and legacies | 4 | 1,710 | 83,577 | 85,287 | 77,327 |
| Other trading activities | 5 | 1,313 | |||
| -- | |||||
| Total income | 1,710 | 83,577 | 85,287 | 78,640 | |
| Expenditure | |||||
| Expenditure on charitable activities | 6,7 | 2,400 | 83,577 | 85,978 | 77,524 |
| Total expenditure | - 2,400 |
-- 83,577 |
-- 85,978 |
- 77,524 |
|
| Net (expenditure)/income and net | |||||
| movement in funds | (690) | (691) | 1,116 | ||
| Reconciliation of funds | |||||
| Total funds brought forward | (453) | (453) | (1,569) | ||
| Total funds carried forward | (1,144) | (1,144) | (453) |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 7 to 11 form part of these financial statements.
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Strabane A YE
Statement of Financial Position
31 July 2025
| 2025 | 2024 | |||
|---|---|---|---|---|
| Note | £ | £ | £ | |
| Current assets | ||||
| Cash at bank and in hand | 10,649 | 1,297 | ||
| Creditors: amounts falling due within one year | 11 | 11,793 | 1,750 | |
| Net current liabilities | 1,144 | 453 | ||
| Total assets less current liabilities | (1,144) | (453) | ||
| Funds of the charity | ||||
| Unrestricted funds | (1,144) | (453) | ||
| Total charity funds | (1,144) | (453) |
These financial statements were approved by the board of trustees and authorised for issue on 11 November 2025, and are signed on behalf of the board by:
MO Neill Member
The notes on pages 7 to 11 form part of these financial statements.
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Strabane A YE ere
Vale Notes to the Financial Statements git oo iene! oferta
Year ended 31 July 2025 ert oe “9! eT
* 1. ee General information |
The charity is a public benefit entity and a registered charity in Northern Ireland and is se =k Wale Se”Ss. ter eT ae Sh et ore 4 unincorporated. The address of the principal office is 39 Bowling Green, Strabane, BT82 88W, om A OF ALa et es Fe ee, eee ee —* Co Tyrone. ii a
+. 2. Statement of compliance owe See. oe
These financial statements have been prepared in compliance with FRS 102, 'The Financial cy Fie peepie: x cet oe Ss ear ee, et Sp ee
Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of hg tn he, mn yee8 PS AR ek gS) Te? ls ae Se Recommended Practice applicable to charities preparing their accounts in accordance with the dt B pe teeth = aD qeart § fa Su Re Ap ma 1 a a ef
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities ‘=.= of rsh fed ete A Sons ot yee Be EE a Bae moses SORP (FRS 102)) and the Charities Act (Northern Ireland) 2008. Ps Ue te tore ns et Si.
< 3. Accounting policies washe
Basis of preparation a.
The financial statements have been prepared on the historical cost basis, as modified by the “Fe §> om ar Sate pa es ee” we= &. Fie it hy ; revaluation of certain financial assets and liabilities and investment properties measured at fair Syv *' << OF Sk oe et ee ee ee. Mee og value through income or expenditure. re a hy SF eg ao
The financial statements are prepared in sterling, which is the functional currency of the entity. eee eI HE DME Boe 4drroid Pasa ee
Going concern ae La
There are no material uncertainties about the charity's ability to continue. em tee a en ge eet Pe ee ER: as ar.
Fund accounting meson gilt? Ae
Unrestricted funds are available for use at the discretion of the trustees to further any of the Sy | ee er ee Ths ee Be b= SEP charity's purposes. Ny ose
Designated funds are unrestricted funds earmarked by the members for particular future project eeejoul: or rose OG Soi Sea; Sere ee Or 1 Mi, or commitment. rr, ec Mel
lea Restricted funds are subjected to restrictions on their expenditure declared by the donor or A So 2 See ee ee a | bet hr through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or alaJer t e eSSE SA ee ee See ee ie Le) i= endowment funds. a '
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Strabane A YE
Ayiey Notes to the Financial Statements §) =.) tp mart - ‘— 3 eyes ier (continued) “5
Year ended 31 July 2025
3. S Jert Accounting policies = nie were (continued)
Incoming resources iOL o_o.
All incoming resources are included in the statement of financial activities when entitlement has ie tes POS
passed to the charity; it is probable that the economic benefits associated with the transaction Bs a a) #. M0 LToe ae)Ee YG eekpaar FRG PUR© tet watlsME
will flow to the charity and the amount can be reliably measured. The following specific policies on Te 2X ae ott Fe PMS Tie Be BA! WSs. OS eee. Se
are applied to particular categories of income: BetA i PET
-
‘ income from donations or grants is recognised when there is evidence of entitlement to the mem Pe SES Le dee! Se” De. ee a Sr gift, receipt is probable and its amount can be measured reliably. ho ee a ae Pit aAA a A ie
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legacy income is recognised when receipt is probable and entitlement is established. See SP EI ee Lee egie ee! Ree ee
-
• income from donated goods is measured at the fair value of the goods unless this is Herts Ae Ee pe Se Ee ve et a ep peFO es ge or the estimated resale value. Donated facilities and services are recognised in theimpractical to measure reliably, in which case the value is derived from the cost to the donor +pi ete. SA a, ee eeSP er Spe det tp. gee, *) Skee Se SS, " ae ee | PS wets... Se cee
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the contribution of general volunteers.accounts when received if the value can be reliably measured. No amounts are included for OEPP a a aet eSea,FOraae. atee eeSg ae 4 em ee oe es Se
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• Satay income from contracts for the supply of services is recognised with the delivery of the SMe Dg AES Se Se ee) see Ge requirement for it to be spent on a particular purpose and returned if unspent, in which casecontracted service. This is classified as unrestricted funds unless there is a contractual hscall Ct aae es i ee eeGe eeice oeeeeeieaeeeMS Seteea real. 2 it may be regarded as restricted. oh ae ee ee
Resources expended ers Sa
SSer Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any eee SESE ws 2 Foe le Ss ee NA, pee = at) ay t VAT which cannot be fully recovered, and is classified under headings of the statement of 25s eS A ee a Ot oe OCA Sc C A Year trae financial activities to which it relates: Seeoe Fo
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expenditure on raising funds includes the costs of all fundraising activities, events,
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5 ‘Fefalise So eos Godt Ie te ere S 2 Whee SO? Se non-charitable trading activities, and the sale of donated goods. oya ae hh oe aetle BN eS lA SS
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. • expenditure on charitable activities includes all costs incurred by a charity in undertaking Pe ee RP ve ed Kem IO oy Sah wee=~ y eke activities that further its charitable aims for the benefit of its beneficiaries, including those SeRe oe tee ee RTO ew ee ae Pe a support costs and costs relating to the governance of the charity apportioned to charitable A te eS5 ey A ne ae Oe A Se Se activities. a -
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• / other expenditure includes all expenditure that is neither related to raising funds for the SARA PS 2s eo MS Be SA charity nor part of its expenditure on charitable activities. ee "CEES RO es ee “wh i TAs ae ee
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs Tapeh GRR} Reet ket eae Se eye lore, a en ey ye EY attributable to a single activity are allocated directly to that activity. Shared costs are apportioned EC Ed eer A peget et gp mCi el ea eg By ee a Te Meeese between the activities they contribute to on a reasonable, justifiable and consistent basis. 2 ee J fe Cry gee oil” Ua Poa
Financial instruments ee ae
A financial asset or a financial liability is recognised only when the charity becomes a party to the Ard ie GOAT LE BS aolON Ses ee! ee See As ES
contractual provisions of the instrument. Sw SSS he ee
any related transaction costs. Basic financial instruments are initially recognised at the amount receivable or payable including Sg FarePoePtpratereake on eteta a Be Syie ee ad peg, mio Current assets and current liabilities are subsequently measured at the cash or other § a i ie ee ee ge fe dim4a consideration expected to be paid or received and not discounted. Tih Yipee ete ttl Ss led! et OO
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Strabane A YE
Notes to the Financial Statements (continued)
Year ended 31 July 2025
3. Accounting policies (continued)
Financial instruments (continued)
Debt instruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Donations and legacies
| Donations and legacies | ||||
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | Total Funds | |
| Funds | Funds | 2025 | ||
| £ | £ | £ | ||
| Donations | ||||
| Donations | 1,710 | 1,710 | ||
| Grants | ||||
| International Fund for Ireland- Personal Youth | ||||
| Development Programme | 77,369 | 77,369 | ||
| D.F.C | 500 | 500 | ||
| Peace Plus | 4,903 | 4,903 | ||
| John Moore Foundation | 805 | 805 | ||
| 1,710 | 83,577 | 85,287 | ||
| Un restricted | Restricted | Total Funds | Total Funds | |
| Funds | Funds | 2024 | ||
| £ | £ | £ | ||
| Donations | ||||
| Donations | 3,317 | 3,317 |
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Strabane A YE
Notes to the Financial Statements (continued)
Year ended 31 July 2025
| Year ended 31 July 2025 | Year ended 31 July 2025 | |||
|---|---|---|---|---|
| 4. | Donations and legacies(continued) | |||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2024 | ||
| £ | £ | £ | ||
| Grants | ||||
| International Fund for Ireland- Personal Youth | ||||
| Development Programme | 74,010 | 74,010 | ||
| D.F.C | ||||
| Peace Plus | ||||
| John Moore Foundation | ||||
| 3,317 | 74,010 | 77,327 | ||
| 5. | Other trading activities | |||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
| Funds | 2025 | Funds | 2024 | |
| £ | £ | £ | £ | |
| Fundraising events | 1,313 | 1,313 | ||
| 6. | Expenditure on charitable activities by fund type | |||
| Un restricted | Restricted | Total Funds | ||
| Funds | Funds | 2025 | ||
| £ | £ | £ | ||
| Expenditure Re; Peace Plus | 4,903 | 4,903 | ||
| Expenditure Re; PYPD | 77,369 | 77,369 | ||
| Expenditure Re; John Moores Foundation | 805 | 805 | ||
| General | 2,400 | 500 | 2,901 | |
| 2,400 | 83,577 | 85,978 | ||
| Un restricted | Restricted | Total Funds | ||
| Funds | Funds | 2024 | ||
| £ | £ | £ | ||
| Expenditure Re; Peace Plus | ||||
| Expenditure Re; PYPD | 74,010 | 74,009 | ||
| Expenditure Re; John Moores Foundation | ||||
| General | 3,514 | 3,515 | ||
| 3,514 | 74,010 | 77,524 | ||
| 7. | Expenditure on charitable activities by activity type | |||
| Activities | ||||
| undertaken | Total funds | Total fund | ||
| directly | 2025 | 2024 | ||
| £ | £ | £ | ||
| Expenditure Re; Peace Plus | 4,903 | 4,903 | ||
| Expenditure Re; PYPD | 77,369 | 77,369 | 74,009 | |
| Expenditure Re; John Moores Foundation | 805 | 805 | ||
| General | 2,901 | 2,901 | 3,515 | |
| 85,978 | 85,978 | 77,524 |
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Strabane A YE
Notes to the Financial Statements (continued)
Year ended 31 July 2025
8. Independent examination fees
| Independent examination fees | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Fees payable to the independent examiner for: | ||
| Independent examination of the financial statements | 780 | 750 |
9. Staff costs
| Staff costs | Staff costs | |
|---|---|---|
| The total staff costs and employee benefits for the reporting period are analysed as follows: | The total staff costs and employee benefits for the reporting period are analysed as follows: | |
| 2025 | 2024 | |
| £ | £ | |
| Wages and salaries | 58,31O | 53,177 |
| The average head count of employees during the year was Nil (2024: 2). |
No employee received employee benefits of more than £60,000 during the year (2024: Nil).
10. Trustee remuneration and expenses
No trustee received any remuneration or other benefits
11. Creditors: amounts falling due within one year
| Creditors: amounts falling due within one year | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Bank loans and overdrafts | 250 | |
| Trade creditors | 780 | 750 |
| Grants in advance | 11,013 | 750 |
| 11,793 | 1,750 |
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