Presdales School Educational Trust Re8lstered Charity No. 1011452 Statement of Income and Ex enditure for the ear endin 31Ma 2023 Income Donations gift aid non - gift aid £10,270.04 £1,565.00 £11,835.04 Dtjffield Harrison transfer £28,106.16 £39,941.20 Expenditure Refunds to parents Transferred to Presdales General account £60.1)0 £60,128.00 £60,188.00 Excess expenditure over income (£20,246.80) Summa Balance Sheet as at 31st Ma 2023 Bank Balance Natwest £4,802.27 £551,898.02 £556,700.29 Lloyds Balance Blfwd as at 116122 Deficit for the year £576,947.09 1£20,246.801 £556,700.29 We certify that this Statement of Income and Expendlture and Summary Balance Sheet Is true and correct. Mr M Lwarren Headteacher Ig I I lis
The Pre5dales School Educatlonal Trust (Charlty Number: 10114521 Trustees, Report For the Year ended 31 May 2023 The trustees present their annLsal report together with the accounts and the independent examiner's report for the Presdales School Educational Trust Icharity Number- 10114521, whose registered office address is.. Presdales School, Hoe Lane, Ware, SG12 9NX. Structure, Governance and Management The Presdales School Educational Trust was set up in Aprll 1992 for the following objectives: Providing facilities for education not normally provided by ESFA Encouraging, through financial support, a wide range of out of class educational activities for Students, not normally provided by ESFA. Awarding prizes to students to promote the level of educational achievement in school. Providing for students in need of financial assistance of a kind not normally provided by ESFA. The trust is funded by donations by parents, most of which are gift-aided. Trustees The names of the trustees who seNed during this year are= Mrs J Harvey Mr H Freed Mr M Warren Mr P Dougherty The administration of the trust is the responsibility of the Trustees who are elected in èCCOfdance with the Constitution. Flnancial Review As at 31" May 2023, the Educational Trust had Assets in the form of Bank Balances of £556,700. During the year, expenditure of £60,188 was incurred, the majority of which related to a £60,128 contribution to the School account for the support of the CIF fund supported Fire Door replacement project. Income in the year was £39,941.. £11, 835 relates to Donations from Parents and £28,106 relates to the release of the final retention payment relating to the clarification of the usage of the fund with the Charities Commission.
Independent Examiner Although the increase in Income this year is likely to be temporary, the trustees acknowledge that this has resulted in the need for the accounts to be reviewed by an Independent Examiner. The trustee5 have appointed Fiona Jayne Richard50n IMA Cantab. ACA. ICAEW'.86358701 and she ha5 expressed her willingness to act in that capacity. W2S Approved by the trustees on 2Sd and signed on their behalf by- Name.. iACQkJc NJ £ 1310111018 Date
Independent Examlner's report to the trustee5 of Presdales S¢hool Edu&itlonal Trust I report to the trustees on my examination of the accounts of the Presdales School Educational Trust for the year ended 31" May 2023. Responsibllities and basi5 of the report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111"the Act). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under Section 1451511bl of the Act. Independent Examinerfs ststement I have completed my examination. I confirm that no material matters have come to my attention In connection with the examination giving me cause to believe that in any material respect.. l. Accounting records were not kept in respect of the Trust as required by sectlon 130 of the Act,. or 2. The accounts do not accord with those records. I have no concerns and have come acr055 no other matters In connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Signed: Name: Fiona Jayne Richardson MA (Cantabl ACA Relevant Professlonal Quallficatlon: Chartered Accountant- Institute of Chartered Accountant in England and Wales IICAEW- 8635870 Address: 40 Great Innings North, Watton at stone, Hertfordshire, SG14 3TD. Date: 2(}1 20