2022-12-31-accounts - The Shoal Of Friends

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The Shoal of Friends Treasurer’s Annual Report 2022

This has been a very productive year for Shoal finances. Balance 31 December 2021: £5,501.39 Total income during the year: £33,826.39 Total monies paid out during the year: £31,926.63 Balance 31 December 2022: £7,401.15

Full details of Income are listed at the end of this report. Key points are:

i. The biggest source of income was from a generous donator who has donated a total of £22,000 during the year to specifically help the nursery in these difficult times. This money has been transferred promptly to the nursery. As these large donations have meant that Shoal’s income for the year has exceeded £25,000, we are required by the Charity Commission to provide accounts for them which are independently examined.
ii. Shoal has also had several successful bids on the Good Exchange Website. Monies received during the year have totalled £8543.84. During the year some bids were successfully completed, and the total monies received, these included bids in relation to outdoor play equipment and a new cooker for the nursery. In addition, we have so far received part of the bid money for two other bids which we have on the Good Exchange site. These relate to IT equipment and minibus costs. The monies for these two bids will be paid across to the nursery at the end of the bid period or before if required by the nursery.
iii. Shoal has successfully organised a number of fundraising events during the year. The largest of these was linked to the Jubilee celebrations and the celebrations of the nursery’s 80[th] birthday. The birthday celebration fundraising included a Fun Run and raffle. For finance purposes we have treated these as one event; a total £1692.87 being raised. We also had another very successful Christmas raffle. Money banked to date for the Christmas raffle totals £825.03, with some additional money still expected to add to the final total.
iv. Shoal also receives regular monthly payments from West Berkshire Lottery, plus occasional donations from Amazon Europe.
v. A small petty cash amount is now held apart from the monies in the bank account. The total of petty cash on 31 December 2022 is £108.48.

Full details of outgoings are listed at the end of this report. Key points are:

Donations from a generous donor totalling £22,000 have been paid to the nursery.
A total of £7,583.98 has been transferred to the nursery in respect of money received from Good Exchange bids.
Shoal has also donated an additional £1,600 to the nursery (£400 for each class to spend on equipment)
Expenses for the Jubilee and 80[th] birthday celebrations were quite large. This was mostly due to the fact the Fun Run was organised for the first time with a number of start-up costs.
No expenses yet finalised for the Christmas raffle; these are likely to be minimal.

Full breakdown of income and expenditure: 1 January 2022 to 31 December 2022

----- Start of picture text -----
Source of income Amount for 2022
West Berkshire Lottery £180.50
Amazon Europe (Prime) £79.29
Good Exchange £8543.84 This includes successful
(Greenham) completed bids plus part
payment of bids still
open.
Donations via CAF £22,000
Shoal fundraising World £402.04
Book Day
Shoal Easter colouring £34.59
competition
Shoal Jubilee and 80 [th] £1692.87
Birthday fundraising
events
Shoal Party on the Pitch £60.98
Shoal Christmas raffle £825.03
Misc £7.25
Total income for the £33,826.39
year
Payments 0ut Amount for 2022
Expenses for Jubilee and £512.21
80 [th] birthday fundraising
events
Parentkind (membership £72
and insurance)
Expenses for Party on £23.85
the Pitch
Transfer of donations to £22,000
the nursery
Transfer of funds to £7583.98 Completed Good
nursery raised via Good Exchange bids
Exchange
Money given to nursery £1,600
for class equipment
New parent packs for £34.59
distributing to parents at
nursery
Monies withdrawn for £100 See note above re Petty
float/petty cash Cash held
purposes
----- End of picture text -----

Total payments out Additional Notes

£31926.63

Hungerford Town Councill booking fee (£10) for Jubilee celebration was never cashed, so not included in figures.
We are still currently banking with Nat West.

Daphne Angell (Treasurer and Trustee) 4 January 2023

Full breakdown of income and expenditure: 1 January 2022 to 31 December 2022

Hungerford Town Councill booking fee (£10) for Jubilee celebration was never cashed, so not included in figures.
We are still currently banking with Nat West.

Daphne Angell (Treasurer and Trustee) 4 January 2023

The Shoal of Friends Contents Page Trustees. Report Independent Examiners Ststement Statement of Financial Acllvitles Balance sheet Nolos to the Financial Statements

The Shoal of Frlends Trustees Report The Trustees SLsbmit thelr annu31 report, together with the accounts for the Charity, for the yèar ended 31st 0mber 2022. The zt¢ounts have been prepared In accordante wlth the accounilng pollcles set out on page 5. Thi5 has been a very productlve year for Shoal finances. Balance 31 December 2021: Total income during the year.. E33,848 Total monie5 paid out during the year.. £31.840 Balance 31 December 2022.. £5.501.00 £7,510.00 Th15 Include5 both cash and bank and petty cash in hand. Summary of Income In the year.. The bi8gest source of Incomè was from a generous donator who has donated a total of £22,000 durln8the year to speclflcally help the nursery In these difficult tlmes. Thls money ha5 been transferred promptly to the nursery. Nsthese large donations havè meant that Shoal'5 income lor the year has exceeded £25,000, we are requlred by the Charlty Comm1551on to provide accounts for them whlch arè independently examlned. Shoal ha5 a150 had Several successful blds on the Good Exchan8e Webslte. Monies recelved durlng the year have totalled £8543.84. Durlng the yèar 50mÈ blds were successfully completed. and the total monles réceived, these included bid5 in relaiion to outdoor play equipment and a new cooker for the nursery. In addition, we have so far received part ol the bld money for two other blds whlch we have on the Good Exchange slte. Thèse rèlate to IT equlpment and mlnibus costs. The monies for these two blds will be pald across to the nursery at the end of the bld perlod or before If requlred by thè nursery. Shoal has successfully organbsèd a number of fundralsln8 events durlng the year. The largest of thesè was Ilnked to the Jubllee celebrations and the celebration5 01 thè nurserfs 80, birthday. The birthday celebration fundralsing included a Fun Run and raffle. For finance purposes we have treated these as one event., a total £1692.87 bein¥ raised. We also had another very successful Chrlstmas raffle. Money banked to date for the Chrlstmas raffle totals £825.03, with some additional money slill expected to add t¢ithe fSnal total. Iv. Shoal also receive5 regular monthly payments from West Berkshlre Lottery, plus octaslonal donatlons from Amazon A small petty cash amount is now held apart from the monies In the bank account. The total of petty cash on 31 Summary of Outgolngs In the ar. Donations trom a generous donor totalling £22,11)O have been pald to the nursery. A total of £7,583.98 has been transferred to the nursery In respect of money recelved from Good Exchange blds. Shoal has a150 donated an additional £1,600 to the nursery1£4(Kl for each class to spend on equipment) Expenses for the Jubilee and 80 birthday celebrations were quitp large. Thi5 was mostly due to the fact the Fun Run was organi5ed for the first time with a number of start-up costs. No expenses yet finalised for the Christmas raffle,. these are likely to be mSnlmal. Addltlonal Notes Hungerford Town Council bookin8 fee I£IOI for Jubilee celebration was never cashed, so not included figures. We are still currently banking with Nat West.

Independent Examiners Statement to Ihe Trustees of The Shoal of Friends We report on the accounts of the charity for the year ended 31st December 2022 as Sel out on pages 3 to 5. RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER The Charity's Iru5tees are responsible for the preparation of the accounts. The charitys trustees consider that an audit is not required for this year under section 14412) of the Charilles Act 2011 {the 2011 A¢tl and that en independent examination is needed. It is our responsibility lo.. examine the accounts under section 145 of the 2011 AGt'. to follow the procedures lald down In the General Dlr8¢tlon$ glven by the Charity Commi8skJners under section 145151{bl of the 2011 Act., 8nd to stale wh81h8r particular matters have Gome to our attention. BASIS OF INDEPENDANT EXAMINER'S STATEMENT Our examln81ion was carrigd out in accordanc8 th the General Directions gfv8n by the Charty Commlssioners. An 8xaminalion Includes the review of the accounting reeords k8Pt by the charity and a comparison of the accounts Presented wlh those records. 11 also includes consideration of any unusu81 items of dls¢losuros in the accounts, and seeking explanations from you as Iruslees conc8rnlng any such maller8. The procedures undertaken do not provlde all the evlden¢e that would be required in an audit. and consequ8nlly no opinion is given a9 to whether th8 accounts present a rue and fair view, and Ihe report is Ilmited lo those matters sèl out in the statement below. INDEPENDANT EXAMINERS STATEMENT In connacllon wllh my examlnation. no maller has com8 to our attents'on.. 1) whlch gives us r8asonabl8 cause to belleve that in any malerlal respect the requlremenls to keep accounllng records in accordance wlh section 130 of the 2011 Act., and to prèpare accounts which accord with the aceounling records and comply wtth the accountivd requirements of the 2011 Act. have not been mel.. or 21 to which, In my opinlon, attention should be drawn in order lo enable 8 proper under8t8nding ol the a¢Gount5 1¢ be reached. LJ Smlth Accountants Ltd Op•vell Housè 50 Hlgh Str••t Hungerford Berks RG17 ONE Datod".

The Shoal of Friènds Statement of Financlal Activities For the year ended 31 st December 2022 2022 2021 Notes Incomln resourc8S Incoming r•$ources from generated funds Fundralslng & Donations 33,84B 12,667 Total Incomlng resources 33.848 12,667 Rèsources ex nded Dlrect charltablo expendlturè Grants & equipment provided Fund ralslng costs & Admlnistratlon 31,184 656 31.840 9,374 437 9,812 Total R6$ourc6s expended Not In¢roa•o1{d1•ase) In fundB for th• yogr 2,008 2,855 Roconclllatlon of Funds Balanco of funds brought foard 5.501 2,646 Balance of funds ¢aTriod forward

The Shoal of Friends Statement of Assets & Liabilitles As at 31st December 2022 2022 2021 Notes Currant assets Natwest current account Petty Cash 7,401 108 5,501 7,510 5.501 Current Ilabllltl N•t current a•8at• 7,510 5,501 Funds Unrestricted fund8 7,510 5,501 7,510 5.501 Approvad on behalf of the Trustees on 15th March 2023 by: Daphne Angèll Treasurgr and Trustee

The Shoal of Frlgnds Notes to the accounts For the yoar ended 31st December 2022 1 ACCOUNTING POLICIES The followng arg Ihg main accounllng policies adopted by th8 charlty. a) Accountlng conventlon & Basls of preparatlon of the account8 The financlal statements hav8 been prepared as a golng concem under th8 historical cost convention and in accordance with the Charities SORP ond all other applicable accounting standards. The accounts have been drawn up in accordance wth the provisions of the Charities Act. by Donatlons The charity recehjed much of Its In¢omg from voluntary ¢ontrlbullons and fundmlslng. These are accounted for on a received basis. cl Allocatlon of costs Fund rnlslng ¢o$ts These are recognised on a payments ba518 2 TAXATION The Shoal of Friends 18 a registered charity and accordlngly Is exempt from taxation on Its In¢ome where they aro applled for charllabl8 purposes. 3 ANALYSIS OF RESOURCES USED 2022 2021 Grants & equipment donalgd for the benefrt of Hung8rford Nursery School 9,374 4 FUNDRAISING COSTS 2022 2021 Event & Fundralslng costs Insurance 368 69 72 656 437