## 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:
- Regular bank reconciliations have been performed and signed off
- Receipts are recorded accurately
- 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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