Charity Numbor: 109335 First Management Services Annual Report and Unaudited Financial Statements for the financial year ended 31 March 2025
First Management Services CONTENTS Page Reference and Administrative Information Trustees, Report Independent Examiner's Report Financial Statements Notes to the Financial Statements 9-11 Supplementary Infomiation relating to the Financial Statements 13
First Management Services REFERENCE AND ADMINISTRATIVE INFORMATION Trustees Martin Mccolgan Peggy Colgan Nicola Carson Siobhan McDermott Philomena Cleary Charity Number In Northern Ireland 109335 Principal Addres$ Unit 5 Strathroy Enterprise Units Meelmore Drive Strathroy Omagh Co Tyrone BT79 7XL Northern Ireland Indèpendent Examln&r CP Accounts 8 Killins Wood Avenue, Mounffield, Omagh Co Tyrone BT79 7UT Prlncipal Bankers AIB Bank 24 East Bridge Street Enniskillen Co Fermanagh BT74 78T
First Management Services TRUSTEES. REPORT for the financial year ended 31 March 2025 The trustees present their Trustees, Report and the unaudlted financial slalements for the financial year ended 31 March 2025. The financial statements are prepared in accordance with the Charities Act {Northem Ireland} 2008. FRS 102 Yhe Financi81 Reporting Standard applicable in the UK and Republi¢ of Ireland" and A¢¢ounting and Reporting by Charities: Statement of Recommended Practice applicable lo charities preparing their financial slalements in accordance with the Financial Reporting Stsndard appli¢able in the UK and Republic of Ireland {FRS 102). The Trustees, Report contains the infomialion required to be provided in the Trustees, Annual Report under Ihe Slalement of Recommended Practice {SORPI guidelines. The trustees of the charity are also charity trustees for the purpose of charity law and under the charity's constitution are known as members of the board of trustees. In this report the Iruslees of First Managemenl Services present a summary of its purpose, governance. activities, achievements and finances for the financial year 31 March 2025. The Charity is a registered charity and although not obliged to comply with the Statement of Re¢ommended Practice applicable in the UK and Republic of Ireland FRS 102, the organisation has implemented ils recommendations where relevanl in Ihese financial statements. Mission, Objectives and Stratogy Mlsslon Stat•mont First Management Services provides projects offering parenting programmes to our inhabitants on menlal wellbeing. parenting, food and nutrition and physical activity. The organisation sources funding from different funding bodies to fund these programmes. ObJectlve$ The purpose of the ¢harity is lo promote play, health, education and social skills lo the inhabitants of Lisanelly, Killydogher, Drumragh. Camowen. Strule, Finlona and Carrickmoffj ward areas and Ihe district of Omagh and its environ$ wilhoul distinction of age. gender. race, political, religious or other opinions. by a$soGiating the statutory authorities, volun18ry organisalions and inhabilanls in a common effort lo advance education and lo provide facilities in the interest of social welfare for recreation or other leisure time occupations with the object of improving the conditions of lrfe for the said inhabitants. Stru¢turo. Govemance and Management Structure The trustees who served during Ihe year are as follows., Martin Mccolgan Siobhan McDermott Peggy Mccolgan Philomena Cl8ary Nicola Carson The organisaton is governed by ils Constitution. Rfjvigw of Activities, Achievements and PerfomianGe The organisalion continues to organise and provide various activities for all ages in the community providing relief of those in need by reason of youth. age, ilt-heallh. disability. financial hardship or other disadvantage. Activities organized during the year were., Good Relations moming., Outing to Glenpark Eslale., Smile Baby programme., Gardening- Poly lunnels- Cook It programme. Financlal Revlew The results for the financial year are set out on page 7 and additional notes are provided showing in¢ome and expenditure in greater detail Results and Dividends At the end of the financial year the charity has assets of £20,547 12024 £24,039) and liabilities of £O.0012024 £0.00). The net assets of the charity have decreased by £13,492}. Reference and Administrative detalls Reference and administrative details are as ststed on page 3 of the financtal statements.
First Management Servlces TRUSTEES. REPORT for the financial year ended 31 March 2025 In accordance with the Constitution, the trustees tIre by rotation and. being eligible. offer themselves for re-election. Compllan¢• with Sector-wide Loglslation and Standards The charity engages pro-actively with legislation, standards and codes which are developed for the sector. First Management Services subscribes to and is compliant with the following= The Charities SORP {FRS 102) Public Beneflt Statement The trustees have had regard to the Commissions Public Benefit requirement statutory guidance. The direct benefits flowing from the purposes of First Management Servi¢es is families are given knowledge so they can enhance their lives and the lives of their children. Approved by the Board of Trustees on 29 August 2025 and signed on Its behalf by: CcLf5of) Martin Mc Trustee olgan Nl ola Carson Trustee
First Management Services STATEMENT OF TRUSTEES. RESPONSIBILITIES for the financial year ended 31 March 2025 The trustees are responsible for preparing the financial stalemenls in accordance with applicable law and regulations. The law applicable to ¢h8ri1ies in Northem Ireland requires Ihe trustees to prepare financial statements for each financial year which give a true and fair view of the assets, liabilitie5 and financial position of the ch8rity as al the financial year end date and of the surplus or deficit of the charity and otherwise comply with the Charities Act (Northern Irelandl 2008. In preparing these ffinan¢lal ststements, the trustees are required to.. select suitable accounting policies and apply Ihem consislenlly., obseNe the methods and prlnciples in the Charities SORP make judgements and accounting estimates that a reasonable and prudent. State whether the financial statements have been prepared in accordance with applicable accounting standards, identfy those standards, and note the effect and the reasons for any material departure from Ihose standards,. and prepare the financial statements on the going concern basis unless it is inapproprsale to presume that the charity will continue in operation. The trustees confinn Ihat they have complied with the above requirements in preparing the flnancial statements. The trustees are responsible for keeping adequate accounting records that a sufficient lo show and explain the charity's transactions and disclose with reasonable a¢¢ura¢y at any lime the financial position of the charity and enable them to ensure that the financial ststements Comply with the Charities Act (Northem Ireland) 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detedion of fraud and other irregulaTities. Approved by the Board of Trnsteès on 29 August 2025 and signed on its behalf by: on Martin Trustee cco an 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 financial year ended 31 March 2025. which comprise the Financial Slalemen*s and the related notes. This report is made solely to the charity's members. as a body, in accordance with the Charities Act (Northern Ireland} 2008. My work has been undertaken so that I might compile the financial statements Ihal I have been engaged to compile. report to the Board of Trustees that I have done so, and state those matters that I have agreed to stale to them in this report and for no olher purpose. To the fullest extent permitted by law, I do not accept or assume responsibility lo anyone other than the charity and the tharily's members. as a body, for my work, or for this report. Respectlve sponSibl11t1eS of trustee$ and examiner The charity's trustees are responsible for the preparation of the financial slatemenls in accordance with the requirements of Ihe Charities Act {Northem Ireland) 2008. The charity's trustees consider thal an audit is not required for this financial year under the Charities Act (Northern Ireland) 2008 and that an independent 8xamination is required. It Is my responsibility to: examine the financial statements under s6Ction 65 of the Charities Act., follow the procedures laid down by the general Directions given by the Charity Commission for Northem Ireland under section 6519llbl of the Charities Act; and state whether p8rti¢ular matters have come to my attention. Basis of Independent oxaminerfs report I have examined your charity financial statements as required under section 65 of the Charities Act and my examination was carried out in accordanGe with Ihe general Directions given by the Charity Commission for Northern Ireland under section 6519)Ib} of the Charities Act. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with Ihose records. It also includes consideralion of any unusual itemg or disdosures in the financial statements and seeking explanations from the trustees ¢on¢erning any 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. In Connection with my examination, no maller has come to my attention which gives me cause to believe that in. any material re5pect- accounting records were not kept in accordance with section 63 of the Charities Act the financial slatemenls do not accord with those accounting records the financial statements have not been prepared in 2¢¢ordance with the Statement of Recommended Practice applicable lo charities preparing their accounts in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 the is further infomiation needed for a proper understsnding of the accounts to be reached. Independent examlnerfs ststoment I have no ¢on¢erns and have come across no other matters in connection with the examination to which allention should be drawn in this report in order lo enable a proper understanding of the financial slalemenls lo be reached. Conor Eannetta BA (Hon$} CP ACCOUNTS 8 Killins Wood Avenue, Mounffield, Om8gh Co Tyrone BT79 7UT Date: 29 August 2025
First Management Services FINANCIAL STATEMENTS for the financial year ended 31 March 2025 Unrestrlcted Rè$tri¢tgd Funds Funds 2025 2025 Total Total 2025 2024 Notes Racolpts and Payments Account Recelpts Donation$ and logacies Donations and legacies 600 Charltable actlvities: Income from charitable activities 24,244 24,244 11,168 Othor ro¢0ipts: Grants 5.541 5,541 24,666 Total recelpts 24,244 5.541 29,785 36,434 Payments Charitable activities: Events and workshops Admin expenses 7,069 6.681 19,527 26,596 6,681 19.847 4,431 13.750 19,527 33,277 24,278 Total payments 13.750 19,527 33.277 24,278 Not ro¢0ipt$llpayments) for the flnanclal year Balances brought forward al 1 April 2024 10.494 8.650 (13,9861 15.389 {3,492) 24,039 12,156 11,883 Balan¢es carried forward at 31 March 2025 19.144 1,403 20,547 24,039 statemènt of Assets and Liabilities Cash funds Bank and cash 19,144 1,403 20,547 24,039 Approved by the Board of Trustèès and authorised for issue on 29 August 2025 and signed on Its bèhalf by Martin Trustee olgan Nicola Carson Trustee
First Management Services NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2025 GENERAL INFORMATION First Management Services is a chariiy incorporated in Northem Ireland. The registered office of the charity is Unit 5 Strathroy Enterprise Units, Meelmore Drive, Strathroy. Omagh, Co Tyrone, BT79 7XL, Northern Ireland which is also the princlpal place of business of the charity. The financSal statements have been presented in Pound l£} which is also the functional curr8ncy of the ¢harity. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the ¢harily's financial statements. Basi$ of preparation The financl81 statements have been prepared on the going concern basls under the hIstora1 cost convenllon, modified to include certain items at fair value. The financial statements have been prepared in accordance with the Statement of Recommended Practice {SORP) 'Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102. applying Section 1A of that Standard. As permitted by the Companies Act 2006, the charity has varied the stsndard formats in that act for the Statement of Financial Activities and the Balance Sheet. Departures from the standard fonT)ats are to comply with the requirements of the Charities SORP and are in compliance with section 4.7, 10.6 and 15.2 of Ihat SORP. Ststem•nt of compliance The financial statemenls of the charity for the financial year ended 31 March 2025 have been prepared on the going concern basis and in a¢¢ordance with the Statement of Recommended Practice {SORPI "Accounting and Reporting by Charities preparing their accounts in accordance w41h the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102., apptying Section 1A of that Standard. Fund accounling The following are Ihe categories of funds maintained.. Restrlcted fvnds Restricted funds represent Income received which can only be used for particular purposes, as specified by the donors. Such purposes are wilhin the overall objedives of the charity. Unrestrl¢ted funds Unreslricled funds consist of General and Designated funds. General funds represent amounts which are expendable at the discretion of the board, in furtherance of the objectives of the charlty. Designated funds comprise unrestricted funds that the board has, al ils discretion, sel aside for particular purposes. These designations have an administrative purpose only, and do not legally restrict the board's discretion lo apply the fund. Incomè Income is recognised by inclusion in the Slalement of Financial Activits'es only when the charity is legally enlilled to the income, perfomiance conditions allached to the itemls) of income have been met, the amounts Involved can be measured with sufficient reliability and It is probable that the income will be received by the charity. Incom? from charitable actlvltlas Income from Gharitable activities include income earned from Ihe supply of services under contractual arrangements and from performance related grants which have conditions that specify Ihe provision of particular seiceS to be provided by the charity. Income from government and other CfunderS is recognised when the charity is legally entitled to the income because it is fulfilling the condilions contained in the related funding agreements. Where a grant is received in advance, its recognition is deferred and included in creditors. Where entitlement occurs before income is received, it is accrued in debtors. Grants from governments and other CfunderS typically include one of the following types of conditions.. Performance based conditions.. whereby the charity is contractually enlilled to funding only to the extent that the core objectives of the grant agreement are achieved. Where the charity is meeting the core objectives of a grant agreement, it re¢ognises the related expenditure, to the exlenl that it is reimbursable by the donor, as income. -TSme based conditions.. whereby-the charity is contractually entitled lo funding on the condition that It Is utilised in a particular period. In these cases Ihe charity recognises the income to the extent it is utilised within
continued First Management Services NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2025 the period specified in the agreement. In the absence of such conditions. assuming th8t receipt is probable and the amount can be reliably measured, grant income Is re¢ognised once the charity is notified of entitlement. Grants received towards capital expenditure are crediled to the Statement of Financial Activities when received or receivable, whichever is eadier. Expenditurfr Expenditu is analysed betsveen cosls of charitable activities and raising funds. The costs of each activity are separately accumulated and disclosed, and analysed according to their major ¢omponents. Expendilure is recognised when a legal or constructive obligation exists as a result of a past event, a transfer of economic benefils is r8quired in settlement and the amount of the obligation can be reliably measured. Support costs are those fvnclions that assist the work of the charity but cannot be attributed to one activity- Such costs are allocated lo activities in proportion to staff time spent or other suitable measure for each activity. Cash at bank and in hand Cash at bank and in hand comprises cash on deposit at banks requiring less than three months notice of withdrawal. Taxatlon and deferrèd taxation No current or deferred taxation arises 85 the charity has been granted charitsble exemption. Irrecoverable valued added tax is expensed as incurred. Deferred lax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred al that date that will result in an obligation lo pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the chariws taxable profits and its results as stated in th8 financial statements. Deferred tax is measured on an undiscounted basis at th8 tax rates that are anlicipated to apply in the periods in which the liming differences are expected to reverse, based on tax rates and laws Ihat hav8 been enacted or substantively enacted by the balance sheet date. ANALYSIS OF EXPENDrruRE AND RELATED INCOME FOR CHARABLE ACTIVITIES Events and Admin Total workshops expenses 2025 2025 Total 2025 2024 Charitable actlvltles: Direct and other paymenls Costs {26,5961 (6,6811 (33,277) (24,2781 SUPPORT PAYMENTS Support 2025 Total 2025 Total 2024 Events and workshops Admin expenses 7,069 6,681 7.069 6.681 4,800 4,431 Totals 13,750 13.750 9,231 RESERVES 2025 2024 At the beginning of the year {DeficitllSurplus for the financial year 24.039 (3.4921 11,883 12.156 At the end of the year 20.547 24.039
continued First Management Services NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2025 FUNDS ANALYSIS OF NET ASSETS BY FUND Current assets Total Restricted trust funds 1,403 1,403 Unrestricted general funds 19,144 19,144 20,547 20,547 POST-BALANCE SHEET EVENTS There have been no significant events affecting the Charity since the financial year-end. 11
FIRST MANAGEMENT SERVICES SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025 12
First Management Services SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS Operating Statement for the financial year ended 31 March 2025 202S 2024 Income Donations LAST Sure Start CLEAR Project Fermanagh Omagh District Council Community Foundalion Radius Housing - Good Relations Cash for kids Kind Little Minds WHSCT Miscellaneous income 600 10.857 6.000 1,126 2.000 3,190 11.750 600 16,500 2,416 2.125 7,744 311 29.785 36,434 Expenses Travellers programmes WaTm spaces expenses CLEAR project expenses Lottery funding expenses Femianagh Omagh District Counal expenses Radius Housing- Good Relations Parenling programmes Community Foundation expenses Cash for Kids expenses Training Insurance Repairs and maintenance Printing, postage and stationery Advertising Travel and subsislence Legal and professional Bank charges General expenses 910 1,155 381 5,021 5,770 301 2,419 1,491 250 250 450 2,127 1.124 14,416 3.208 1,106 2,607 1,045 16 37 139 903 5.358 333 702 3.134 236 33,277 24.278 Net {deflcltysvrplu$ 13.4921 12,156 The supplementary infomiation does nol fomi part of the financial statements 13