## **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**<br>**Unrestricted**<br>**Funds**<br>**£**<br>**Restricted**<br>**Funds**<br>**£**<br>**Total**<br>**2025**<br>**£**<br>**Total**<br>**2024**<br>**£**|
|---|---|
||**Income**<br>Charitable Activities<br>**1**<br>13,251<br>-<br>**13,251**<br>7,576|
||**Total income**<br>13,251<br>-<br>**13,251**<br>7,576|
||**Expenditure**<br>Expenditure on Charitable Activities<br>**2**<br>6,532<br>-<br>**6,532**<br>8,845|
||**Total expenditure**<br>6,532<br>**-**<br>**6,5312**<br>8,845|
|||
||**Net movement in funds**<br>6,719<br>-<br>**6,719**<br>(1,269)|
||**Reconciliation of funds**<br>Total funds brought forward<br>17,964<br>-<br>**17,964**<br>19,233<br>Net movements in funds<br>6,719<br>-<br>**6,719**<br>(1,269)|
||Total funds carried forward<br>24,683<br>-<br>**24,683**<br>17,964|





3 

## **GIBSON PRIMARY SCHOOL PARENT TEACHER ASSOCIATION** 

## **STATEMENT OF ASSETS AND LIABILITIES – AS AT 31 JULY 2025** 

|**Funds Reconciliation**<br>Bank and Cash at start of year<br>Net movement in funds<br>Bank and Cash at end of year|**Unrestricted**<br>**Funds**<br>**£**<br>**Restricted**<br>**Funds**<br>**£**<br>**Total**<br>**2025**<br>**£**<br>**Total**<br>**2024**<br>**£**|
|---|---|
||17,964<br>-<br>**17,964**<br>19,233<br>6,719<br>-<br>**6,719**<br>(1,269)|
||24,683<br>-<br>**24,683**<br>17,964|



|**Bank & Cash Balances**<br>Ulster Bank<br>Santander<br>Cash in Hand|**24,683**<br>17,886<br>**-**<br>78<br>**-**<br>**-**|
|---|---|
||**24,761**<br>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|





5 

## **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|