J K Accountancy
Independent Review of
Highfields Primary School Fund Account
For the year ended 31 December 2021
Highfields Primary School Colchester Road Lawford MANNINGTREE CO11 2BN
School Fund Account for the period ended 31 December 2021
| Opening Balance Movement in the period Income 46,781.52 Expenditure (48,477.61) Closing Balance Net Income in advance Net Expenditure in advance Final Closing Balance Represented by: Cash in hand Barclays Current 7022 Barclays Deposit 7049 |
2021 £ 10,575.97 (1,696.09) 8,879.88 597.00 (750.00) 8,726.88 18.60 2,087.11 6,621.17 8,726.88 |
2020 £ 16,417.20 (5,841.23) |
|---|---|---|
| 10,575.97 (54.50) |
||
| 10,521.47 | ||
| 3.34 3,897.47 6,620.66 |
||
| 10,521.47 |
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J K Accountancy
Accountants Notes:
31 December 2021, to which I find all transactions in order.
It is lovely to see that the school fund has bounced back after the negative effects of COVID-19 in the previous year.
For income received, I have randomly picked a few transactions from differing accounts (CHTY, FIRL, PLAN & UNIF), to which I am fully satisfied these have been recorded correctly. There is a full audit trail for each transaction, and I can trace the receipts both through the bank and through SchoolComms, again, I am satisfied that this has been completed without any errors.
As in previous years, payments made have been signed off after a valid purchase invoice has been received and authorisation has been received by 2 signatories. A full audit trail of each transaction is recorded, traceable from the account through to the payments raised and subsequently, through the current account.
I refer to my point in last years review, that the number of cheques that remained unpresented to the bank at the year end 2020, I am pleased to see these have now been removed from the accounts, however, at year end 2021, there remain a few outstanding that are over 6 months old and could be removed, refunded by alternative methods or alternatively written off to donations in the year 2022.
Following my review of the 2020 accounts, I am again satisfied that after my independent review of the 2021 accounts, the following methods have been followed:
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Regular bank reconciliations have been performed and signed off
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Receipts are recorded accurately
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Payments are made after full authorisation sought, being signed and dated accordingly
I have not performed a full audit as only an independent review is required for the turnover stated. However, from the documents I have reviewed, I am fully satisfied that accounts represent a full and fair view of the income and expenditure of The School Fund for the year ended 31 December 2021.
Joanne Kent
Joanne Kent MAAT 26 April 2022
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