Charity Number: 109335 First Management Serrfices Annual Report and Unaudited Financial Statements for the financial year ended 31 March 2024
First Management Services CONTENTS Page Reference and Administrative Information Trustees, Report Independent Examinevs Report Financial Statements Notes to the Financial Statements Supplementary Information relating to the Financial Statements 11
First Management Services REFERENCE AND ADMINISTRATIVE INFORMATION Trustees Martin Mccolgan Peggy Colgan Nicola Carson Siobhan Mcoemioll Philomen8 Cleary Charity Number In Northern Iroland 1093354 Prlncipal Address Unit 5. Stralhroy Enterprise Units Meelmore Drive Stralhroy Omagh Co Tyrone 8T79 7XL Independonl Examiner Conor Eannetla BA (Honsl 8 Killins Wood Avenue Mounffield Omagh CD Tyrone BT79 7UT PrlnGlpal Bankers AIB Bank 24 East Bridge Street Enniskillen Co Fermanagh BT74 7BT
First Management Services TRUSTEES. REPORT for the financial year •nded 31 MarGh 2024 The trustees present thelr Tntstees, Report and the unaudited financial ststements forthe financial year ended 31 March 2024. The financial statements are prepared in accordan with the Charities Act (Northern Ireland) 2008. FRS 102 Yhe Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities.. Statement of Re¢ornmended Pra¢liee applicable lo charities preparing their financial statements in accordance with the Financial Reportlng Standard applicable in the UK and Republic of Irand {FRS 102)- In thls report the trustees of First Management Servi¢ps present a sumrnary of its purpose. govemance, 8clivilies. achievements and finanGes for the finan¢ial year 31 March 2024. Misslon, Objectives and Strategy Mlsslon Statement First Management SeNices provides projects offering parenting programmes ta our inhabitants on Mental wellbeing, parenting. food and nulribon and physical activity. The organisalion sources funding from different funding bodies lo fund these programmes. ObJectlve$ The purpose of the charity is to promote play. health, education and social skills to the inhabitants of Lisanelly. Killyclogher. Drumragh. Camowen, Strule, Fintona and Carrickmore ward areas and the dislricl of Omagh arsd ils environs without distinction of age, gender, race, political, religious or other opinions, by associating the stalulory aulhorilies, voluntary organlsations and inhabitants In a common effort lo advance education and lo provide lacililies in the interest of social welfare for recreation or other leisure lime occupations with the object of improving the conditions of Itfe for the said inhabitants. Structure, Governance and Management Structure The Iiustees who served during ihe year are as follows-, Martin Mccolgan Siobhan McDermott Peggy Mccolgan Philomf*na Cleary Nicola Carson The organisalon 15 governed by rts Conslilution. RevFew of Activiti8s, Achievements and Performance The organisalion continue5 to organise and provide various activities for all ages in the community providing relief of those in need by reason of youth, age. ill-heallh. disabillty, financial hardship or other disadvantage. Activities organized durtng the year were.. Good Relations morning.. Outing to GlenpaTk Estale- Smile Baby programme., Gardening-. Poly tunnels., Cook11 programme. Financial Review The results for the financial year are set out on page 7 and additional notes are provided showlng income and expenditure in greater detail. See Ihe annual report on income and expenditure. Flnances and funding continue to be reviewed regularly. Results and Dividends At the end of the financial year th9 charity has assets ot£24,039 {2023- £11.883} and liabilltie5 of £O.0012023 - £0.00). The nel assets ol the charity have increased by £12,156. Reference and Administralive details Reference and adminislralive details are as slated on page 3 of the financial slaternenls.
First Management Services TRUSTEES. REPORT for the financial year ended 31 MarGh 2024 Compliance with Sector-wlde Legislation and Standards The charity engages pro-actively with legi51alion, standards and codes which are doveloped for the sector. First Management Services subscribes lo and is compliant with the following.. The Charities SORP IFRS 1021 Publ1¢ Benefit ststemont The trustees have had regard lo the Commisslons Publi¢ Benefit requirement slalulory guidance. The direcl benefits tJowing from the pUoseS of First Management Setvicps Is families arÈ given knowledge so they can enhance their lives and the lives of their chlldren. Approved by tha Board of Trustees on 28 January 2025 and signed on Its bahalf by: Martiffmccolgan Trustee Nicola Carson Trustee
First Management Services INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES OF FIRST MANAGEMENT SERVICES I have examined the financial statements of the charity for the financral year ended 31 March 2024, which comprise the Financial Statements and the related notes. This report is made solely lo the charivs members, as a body. in accordance wilh the Charities Ad {Northern Ireland) 2008. My woth has been undertaken so that I might Compile the financial statements that I have been engaged to compile, report lo the Board of Trustees Ihal I have done so, and slate those matters that I have agreed lo slate to them in this report and lor no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility lo anyone olher than the charity and the charity's members, as a body. for my work, or for IhTrs report. Rospective responsibilities of trustees and éxaminer The charity's Iruslees are responsible for the preparation ofthg financial statements in ardance with the requirements of the Charities Act (Northem Ireland) 2008. The charity's Iruslees consider that an audit is nol required for this financial year under the Charities Act (Northem Ireland) 2008 and that an independent examinatlon is required. 11 is my responsibility lo.. examine the financi81 statements under section 65 of the Charilies Acl-, follow the procedu$ laid down by Ihe general Directions given by the Charity Comrnission for Northern Ireland under section 6519llb} of the Charities Act. and slate whether particular matters have come lo our attention. Basis of independent examiner's report I have examined your charity financial st8temenls as required under section 65 ofthe Charities Act and my examination was carried out in accordance with th8 general Dire¢lions given by the Charity Commission for Northern Ireland under secbon 65(9llbl of the Charities Act. An examination includes a review of the ac¢ounling records kept by the charity and 3 comparison of the financial statements presented with those records.11 also includes consideration of any unusual items or disclosures in the financial statements and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all Ihe evidence Ihal would be required in an audit and consequently no opinion is given as to whether the accounts present a 'lwe and fair, view and the report is limiled to those matters set out in the statement below. In connection with rny examination. no matter has come lo my attention which gives me Cause lo believe that in, any material respect.. accounling records were not kept in accordance with s¢dion 63 of the Charities Act the financial stalemenls do not accord with those accounting records the financial slalemenls have not been prepared in accordance with ihe Slalemenl of Recommended Practice applicable lo charities Preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 there is further information needed for a proper understanding of the accounts lo be reached. Independent examinorfs statement I have no concerns and have come acr055 no other matters in connection with the examinalion lo which attention should be drawn in this report in order to enable a proper understanding of the financi81 statements lo b8 reached. CONOR EANNEThA BAIHONSI 8 Killins Wood Avenue Mountfield Omagh Co Tyrone BT79 7UT Date: 28 January 2025
First Management Services FINANCIAL STATEMENTS for the financlal year ended 31 March 2024 Unrestricted Restricted Funds Funds 2024 2024 Total Total 2024 2023 Notes Receipts and Paym¢nt8 Account Recelpts Donations and lega¢lo$ Donations and legades 600 600 1,130 Charitable actlvitles: LAST Sure Start Miscellaneous incom8 10,857 311 10,857 311 12,172 766 Other receipts: Grants 24,666 24,666 25.907 Total receipts 11,768 24.666 36,434 39,975 Payments ChaTltable actlvities.. Events and workshops Admin expenses 4.800 4,431 15.047 19.847 4.431 22,695 8,167 9,231 15,047 24,278 30,862 Total payment$ 9,231 15.047 24,278 30,862 Net recelptsllpaymentsl for the financial year Balances broLJghl forward al 1 April 2023 2.537 8,113 9.619 5.770 12,156 11,883 9.113 2.770 Balances earrled fOard at 31 March 2024 3.650 15,389 24,039 17,883 Statement of Assets and Llabilities Cash funds Bank and cash 8.650 15.389 24,039 11,883 Approved by the Board of Trustees and authorised for i$suo on 28 January 2025 and slgned on its bahalfby Martln Mccolgan Trustee Nicola Carson TTUStee The notes on pages 8 to 9 loryn part of the financial 5tstements
First Management Services NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2024 GENERAL INFORMA710N First Management Servlces is a charty inGorporaled in Northem Ireland. The registered office of the company is Unil 5. Slralhroy Enterprise Units, Meelmore Drive. Slralhroy, Omagh. Co Tyrone, BT79 7XL which is also the prlncipal place of busine55 of the company The financial statements have been presented In Pound 1£) which is also the functional currency of the charity. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following accounting policles have been applied ¢onsistenlly in dealing with items whlch are considered material in r8lalion to the charity's financial slalemenls. Basis of preparation The financial Statements have b8&n prepared on the going concem basis under the historical cost convention. modified lo include certain items 21 fair value. The financial slalements have been prepared in accordance with the Slalement of Recommended Praclice ISORPI Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republ of Ireland FRS 102. applying Section 1A of that Stsndard. As permitted by the Companies Act 2006, the charity has varled the standard famiats in th3t act for the Slatement ol Financial Activities and the Balance Sheet. Departures from the standard formals are lo comply with the requirements of the Chartties SORP and are in compliance with section 4.7, 10.6 and 15.2 of that SQRP. Statemont of compllanGe The financial slalements of Ihe charity for the financial year ended 31 March 2024 have been prepared on the going concern basis and in accordance with the Statement of Recommended Practice {SORPI'Ac¢ounling and Reporting by Charities preparing their accounts in accordance with Ihe Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102- applying Section 1A of that Standard. Fund accounting The following are the calegorises of funds maintainod.. Restricted funds Restricted funds represent incomo received which can only be used for particular purposes. as specified by the donors. SLtGh purposes are within the overall objectives of the charity- Unrestricted funds UnreslriGled funds consist of General and Designated funds. General funds represent amounts which are expendable al the discretion of the board, in furtherance of Ihe obleGlives of the Charity. Deslgnated funds comprise unrestricted funds that the board has. al ils discretion. sel aside for particular purposes. These designallons have an admini51ralive purpose only, and do not legally restrict the board's discretion lo apply the fund. Incom Voluntary income or Gapilal is included in the Slalement of Finan¢i21 Aclivilies when the charity is legally entillpd to it. its financial value can be quantified with reasonable certainty and there is reasonable certainty ol 115 uliimale recgipl. Entillem8nl lo legacies is considered established when the Gharity has been nO"fied of a distribution to be made by the executors. Incorne received in advance of due performanGe under a Contract is a¢counled for as deferred income until eamed. Grants for aGlivilies a recogni5ed as income when Ihe related conditions for legal entitlement have been mel. All other income is acGounled for on an accruals basis. Expendlture All resources expended are accounted for on an accruals basis. Charitable activities inGlude costs of 5eNices and grants. support ¢osls and depreciation on related assets. Costs of generating fvnds similarfy include fundraising aclivilies. Non-siaff costs nol attributed to one Category of 8clivily are allocaled or apportioned pro- rala lo the staffing of the relevant service. Finance. HR. IT and administrative staff costs are dlreclly attributable lo indivldual activities by objective. Governance Gosls are those associated with conslitulional and stalulory requirements. Cash at bank and in hand Cash al bank and In hand comprlses cash on deposlt at banks requiring less than three months notice of wsthdrawal.
continued First Management Services NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2024 Taxation and deferred taxation No current or deferred taxation arises as Ihe charity has been granted charitable exemption. Irrecoverable valued added lax is expensed a5 incLJrred. ANALYSIS QF EXPENDITURE AND RELATED INCOME FOR CHARITABLE ACTIVITIES Events and Admin Total workshops expenses 2024 2024 Total 2024 2023 Charitable activities: Direct and other payments Costs 19,847 19,847 30.862 SUPPORT PAYMENTS Support 2024 Total 2024 Total 2023 Administrative costs 4.431 4,431 8,167 RESERVES 2024 2023 Al the beginning of Ihe year Surplus for the financial year 11,883 12.156 2,770 9.113 At the end of the year 24,039 11,883 FUNDS ANALYSIS OF NET ASSETS BY FUND Currènt assets Total Restsicled fund5 15.389 15.389 Unreslricled general funds 8.650 8.650 24.039 24,039 POST4ALANCE SHEET EVENTS There have been no significant events affecting the Charity since the financial year-8nd.
FIRST MANAGEMENT SERVICES SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 MARCH 2024 10
First Management SeNices SUPPLEMENTARY INFORfv7ATION RELATING TO THE FINANCIAL STATEMENTS Operating Statement for the financial year ended 31 March 2024 2024 2023 Income Donations LAST Sure Start WHSCT Lottery Funding CLEAR Piojecl Fennanagh Omagh DC Kind Little Minds Community Foundation Good Relations Cash For Kids Miscellaneous income 600 10.857 90 1,730 12,772 515 9,007 11.700 5.200 6.000 1,126 600 2,000 3,190 11,750 221 251 36.434 39.975 Cost of goher8ting funds Traveller5 progr8mme5 Wa Spaces CLEAR grant expenses Loltery fLJnd Fermanagh Omagh DC Good Relations 1,155 381 5,021 5.770 301 2,419 265 7,640 8,860 546 15.047 17,311 Gross surplus 21.387 22,664 Expenses Training courses Insurance Parenting programmes Travel and sub5islen¢e Legal and professional Bank charges General expenses 2.607 1,045 1.491 702 3,134 236 16 2.806 1.878 1.499 1,079 6,029 260 9,231 13,551 Net surplus 12,156 9,113 The supplementary informalion does not form part of the financial statements 11