Charily Registration Number: NIC109458 PARENTS AND FRIENDS OF PORTADOWN COLLEGE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
PARENTS AND FRIENDS OF PORTADOWN COLLEGE Unaudited Financial Statements Table of Contents Forthe year ended 31 March 2024 Page Report of the Trustees Report of the Independent Examiner Statement of Financial Activities Statement of Assets and Liabilities Note5 to the financial statements Page I
PARENTSAND FRIENDS OF PORTAOOWN COLLEGE REPORT OF THETRUSTEES YEAR ENOED 31 MARCH 2024 Parents and Friends of Portadown College Portadown College, 4 Killycornain Road. Port3down. BT63 58U Charity Regisiration Number.. NC1109458 Date Registered.. 21 February 2023 Annual Report l April 2023 to 31 March Z024 rrustees ol the Association during the Reportin8 Year.. Arrdrea Herron Oureen SpeEf5 Gladys MontgomeTV Frances McDonald Caroline McGuinness Ichairpersonl Isecretdryl Sharon Vennèrd Tim Meill 5itnon Neill Alison Syrnington Diane Kane Karen Henderson Kerrie Weir Susan Rankin IResiEned 10 May 20231 IResiÈned 10 May 20231 ITrea5urerl (Appointed 10 May 20231 (Appointed 7 September 20231 Constitution Parents and Friends of Portadown College is governed in accordance with its Constirution which was 13St approved at the AGM. Trusteesl Officer 8earer5 are selected by person5 artendance at Annual General Meetings in accordance with ftsles a5 set out in the Constitution Purpose Purpose I Advancing the education of pupils in the school. The benefit which flows from this purpose inrludes incre35ed educational progress and 2ttainrnent ol pupils in the school and links bttilt with the local cornrnunity. This is dcrnon5trated through pupils having access to resource5, event5. activitie5 and links Wlth the local comtnuniiy whith are not available throlagh direct school funding. This purpose doe5 not lead to h3rm. The beneflt 15 for rhe children 8t Portadown College_ Chafity trustèes IParents and Friends of Portadown CollÈge committee membersl are usually also parent5 01 current or past children at the school which their children atiend and hence gain benefit Iri the same WBV as all other beneliciarie5. This benefit is intidental and necessary to ensure the benefit is provided to all ben2ficiaries. Page 2
PARENTS ANO FRIENDS OF PORTADOWN COLLEGE REPORT OF THE TRUSTEES YEAR ENOED 31 MARCH 2024 Purpose 2 Improved relationships belween home and school. The benefit which flows from this purpose Include5 funding Iof additional resource5 for the School and links built with the local communitv. This is demonstrared through having an active Parents and Friends Group that work5 in partnership with the school and engage5 parental support. This purpose dDe5 not lead to harm. The benefit is for children èt Portadown College. Charity trustee5 (parents and Friends of Port41duwn College committee rrembersl are usually also parents ol current or pasi children at thE school which their children anend and hence gain benefit in the same way as all Dther bènefi¢i3ries. This benefit is incidental and necessary to ensure the benefit is provided to all beneficiaries. Adherence to Charitles Commlssion Nl Statutory Guidance In the conduci ol activities. Parent and Friends of Portadown College have regard for the public benefit requirements as set out in the Charities Commission Stalutory guidance. Annual Accounts and Financial Revlew Parents and Friends ol Portadown College has chosen to presenr annual actount5 in Receipts and Payment Format as permitted by Charities Commission regulations. A draft set ol accounts were presented to the CDmmittee before being presented to the members at the AGM for lorrnal approval. The Accounts demonstratè the funds ol Parent5 and Friends of Portadown College to be sufficiently In surplus to allow lor the activities ol Parents and Friends of Portadown College to continue without disruption. At the end of the fiftancial year the total assets less liabilitie5 of Parents and Friends OF Porradown College stood al £3430. Page 3
PARENTS AND FRIENDS OF PORTADOWN COLLEGE REPORTOF THE TRUSTEES YEAR ENDED 31 MARCH 20Z4 Events Followlng the Year End Parents and Friends of Portadown College have approved the following contributitsn5 of £1.490 to Student Societies at the year end and these wlll be paid out OF funds post year end.. Coding Club Hockey Volleyball Iter8ct E250 £250 E150 £90 £250 £250 £250 PC Dance Football Debatin81Litera¢y Team Parent5 and Friends ol Portadown College have 0150 held an 'Order in the House" event on 25th April 2024 ro raise funds whlch will be reflected in the Financial Statements for the year ended 31 March 2024. sign ndrea Herron rrustee Dat&.. Doreen Speers Trustee Date., Page 4
Parents and Friends of Portadown Collegè Independent Examiner's Report To The Trustees Year Ended 31 Mar¢h 2024 I report on the aciount5 of the charity for the year ended 31 March 2024 which are set out on P3ge5 7 to 8. RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EKAMINER The tiusteES are re5pon5ible for the piepafètion ol the accounls. The charity 5 trustees consider that an èudit is rtot required lor this year under section 65111 of the Cha". ities Act (Northern Irelandl 2008 and that an independent ex3mltTration 15 needed. laving Satisfied myself that the charity is not subject to audit under charity law. and 15 eligible for Independent exèmination, it is ffly resporsibility to- examine the accout5 under Section 65 of the Ch3ritie5 Act.. follow the procedure5 laid down in the Eeneral OirectlOn5 given by the Charity Cofflmi5siuii lor Northern Ireland under section 6519llbl Df the Charities Acr,. to srate whether Pdrticu13r matter5 have corTie tD my attention. 8A515 OF INOEPENDENT EXAMINER'S REPORT My examination wa5 carried out in accordance with the general Directions given by the Cha¢ity Comm155ioll. An exarnination include5 a review of the accounting reLords kept by Ehe charity and a cottiparison ol the accounts Pfesented with thogp. records. It alscj includes consideration ol anv unusu31 items Of disclosre5 In the accounts, and seekirig explanation5 from you as trustees concèrning any such matters. The procedure5 undertaken do not provide all the evidÈnce that would be required in an audit and consequently no opinion is given 35 to whether the account5 present a 'true and fair view, and the report Is limited to those matter> Set out in the statement below. have examined yovr charity accounts 85 required under section 65 of the Charitle5 ALt aThd my examination was carried out in accordance wiih the gelleral Directinn5 given by the Charity Commi%sion f¢Jr Northern Ireland undp.r section 6519llbl ol the Charities Act. Tho examination included a review ol rhe accounting records kept by the charity and a compari50n ol the accounts presents with those records. It a150 Included a consideration of any unusijal items or disclosure5 Ill the accout5, and 5eekin8 explanations Ifom VOLJ 35 charity trustees concerning any such matters. Page 5
Parents and Friend5 of Portadown College Independent Examiner's Report To The Trustees Year Ended 31 March 2024 My role is to State whether any material matters have come to my attention giving me cause to believe.. That accounting records were not kept in accordante with section 63 of the Charities Act INorthern Ireland) 2008,. That the account5 do not accord with those accounting records,. That the accounts do not comply with the accoursting requirements of section 68 of the Charities Act INorthern Irelandl 2008 and with the methods and principles of the Charities Statement of Recomniended Practice applicable to charities preparin8 their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland,. That there is further information needed for a proper understandin8 of the accounts to be reached. INDEPENDENT EXAMINER'S STATEMENT I can confirm that l am qualified to underta ke the examination because l am a registered member of the Institute of Chartered Accountants. which is one of the listed bodies I have completed my examination and have no concerns in respect of the matters111 to 141 listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention. Teresa Campbell, FCA For, and on beholf of FPM Accountants Ltd Independent Examiners Dromolane Mill The Quays Newry 8T35 8QS Date.. 2 July 2024 Poge 6
Receipts and payments accounts For th8 period from To Recelpts and payments Unioglrlctod lurtds Ae8lriclBd fulld$ Endowment lundy Tolal funds Last year tolhg ne•rA9f tolho Mar4st È thg npltasl £ ID thÈ ne011 £ Receip18 From Charitable A¢tivili89 520 1.724 574 20 1.122 1.202 5T4 Qui2 Ni 392 810 4,W2 TotBlrecelpts .022 ,022 m8nl8 1,W7 1,600 1,035 1,SLbJ Total Payments 3,48r 3,437 1,ts36 Net re¢eipt$ Ipaymenis Transfers between lunds un 8St year en Is yearen 2.845 3.450 2,845 ¥.430 un 2.$48
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PARENT5 AND FRIENDS OF PORTADOWN COLLEGE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 l Related Party Transactions The charity W25 under the contToI of the board of trustees throughout the year. rhe ch3rlty Trustees were not paid nar received any benefits from employment with the charity in the year, neither were they feimbursed eKpense5 during the year. During the period the Parents and Friends of Portadown College did not enter into any transactions with related parties. 2 Grants pald out Grants paid out during the year of El,600 related to the followÉng'. ftugby Grant Dance Grant Football Grant Hockey Grant Politics Grant Medallion Grant Music Giant £250 £20D £250 E200 £200 £250 £250 Page 9