GIBSON PRIMARY SCHOOL PARENT TEACHER ASSOCIATION
FINANCIAL ACCOUNTS
FOR
31 JULY 2025
WATSON & COLHOUN
Chartered Accountants Unit B15 Omagh Enterprise Centre Great Northern Road OMAGH Co Tyrone BT78 5LU
2
GIBSON PRIMARY SCHOOL PARENT TEACHER ASSOCIATION
FINANCIAL ACCOUNTS
YEAR ENDED 31 JULY 2025
| CONTENTS | PAGES |
|---|---|
| Accountants’ Report | 1 |
| Income and Expenditure Account | 2 |
| Statement of Affairs | 3 |
| Notes to the financial statements | 4 |
1
GIBSON PRIMARY SCHOOL PARENT TEACHER ASSOCIATION
ACCOUNTANTS’ REPORT
YEAR ENDED 31 JULY 2025
We have reviewed the financial statements of Gibson Primary School Parent Teacher Association for year ended 31 July 2025 and confirm that they are in agreement with the books and records.
“This report is made solely to the members, as a body. Our work has been undertaken so that we might state to the members those matters we are required to state to them, in an accountants’ 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 members, for our work or for this report.”
We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given us and we do not, therefore, express any opinion on the financial statements.
…………………………………… Chartered Accountants
Unit B15 WATSON & COLHOUN
Omagh Enterprise Centre Great Northern Road OMAGH Co Tyrone BT78 5LU
16/06/2026 …………………………….2026
2
GIBSON PRIMARY SCHOOL PARENT TEACHER ASSOCIATION
STATEMENT OF RECEIPTS AND PAYMENTS - YEAR ENDED 31 JULY 2025
| Notes Unrestricted Funds £ Restricted Funds £ Total 2025 £ Total 2024 £ |
|
|---|---|
| Income Charitable Activities 1 13,251 - 13,251 7,576 |
|
| Total income 13,251 - 13,251 7,576 |
|
| Expenditure Expenditure on Charitable Activities 2 6,532 - 6,532 8,845 |
|
| Total expenditure 6,532 - 6,5312 8,845 |
|
| Net movement in funds 6,719 - 6,719 (1,269) |
|
| Reconciliation of funds Total funds brought forward 17,964 - 17,964 19,233 Net movements in funds 6,719 - 6,719 (1,269) |
|
| Total funds carried forward 24,683 - 24,683 17,964 |
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GIBSON PRIMARY SCHOOL PARENT TEACHER ASSOCIATION
STATEMENT OF ASSETS AND LIABILITIES – AS AT 31 JULY 2025
| Funds Reconciliation Bank and Cash at start of year Net movement in funds Bank and Cash at end of year |
Unrestricted Funds £ Restricted Funds £ Total 2025 £ Total 2024 £ |
|---|---|
| 17,964 - 17,964 19,233 6,719 - 6,719 (1,269) |
|
| 24,683 - 24,683 17,964 |
| Bank & Cash Balances Ulster Bank Santander Cash in Hand |
24,683 17,886 - 78 - - |
|---|---|
| 24,761 17,964 |
Approved by:
…………………....…………………… Kellie McGlinn PTA Officer
………………....………………………… Valerie Nevin PTA Officer
4
GIBSON PRIMARY SCHOOL PARENT TEACHER ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
1 Accounting Policies
Income
All income is recognised when it is received.
Expenditure
All expenditure is recognised when it is paid.
2 Income
| Unrestricted | Restricted | Total | Total | |
|---|---|---|---|---|
| Funds | Funds | 2025 | 2024 | |
| £ | £ | £ | £ | |
| From Charitable Activities | ||||
| Summer Fun Night | 4,092 | - | 4,092 | 4,044 |
| Halloween Disco | 1,022 | - | 1,022 | 657 |
| Movie Night Tickets | 1,018 | - | 1,018 | 300 |
| Raffle Tickets | 900 | - | 900 | 845 |
| Tuck Shop | 163 | - | 163 | 431 |
| Non-Uniform Day | - | - | - | 463 |
| Easter Raffle | 812 | - | 812 | 836 |
| ASDA Cash Pot | 1,069 | - | 1,069 | - |
| Family Contributions | 3,000 | - | 3,000 | - |
| Easter Disco | 1,175 | - | 1,175 | - |
| 13,251 | - | 13,251 | 7,576 |
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GIBSON PRIMARY SCHOOL PARENT TEACHER ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
3 Expenditure on charitable activities
| Unrestricted | Restricted | Total | Total | |
|---|---|---|---|---|
| Funds | Funds | 2025 | 2024 | |
| £ | £ | £ | £ | |
| Education Authority – smartboards | - | - | 6,246 | |
| Gas BBQ | 284 | 284 | - | |
| Halloween Disco | 214 | 214 | 135 | |
| Christmas | 330 | 330 | 325 | |
| Easter Expenses | 875 | 875 | 67 | |
| Summer Fun Night | 1,759 | 1,759 | 1,724 | |
| Gifts to Staff | - | - | 100 | |
| Bank Charges | 152 | 152 | 95 | |
| Parent kind PTA | 162 | 162 | 153 | |
| Movie Night | 225 | 225 | - | |
| Books | 2,265 | 2,265 | - | |
| Sundry | 266 | 266 | - | |
| 6,532 | - | 6,532 | 8,845 |