KIRTON PRIMARY SCHOOL
Report to the Resources Committee - 14[th] May 2024
School Fund Monitoring 2023/24
1.0 Introduction
1.1 This report updates Governors on the School Fund activities during the first half of the 2023/24 financial year. As a public fund, Governors should ensure appropriate standards of financial control are put in place for the School Fund and it is good practice to periodically monitor and report on activities.
2.0 Receipts and Payments
2.1 The School Fund’s financial year runs from 1[st] September to 31[st] August. The fund has received income of £13171.91 , made payments of £10364.64 and has a balance on 25[th] March 2024 of £17133.95 .
2.2 The School Fund is used to account for the charitable activities that the school carries out during the year. A collection at Christmas productions raised £338.02 for Pilgrim Hospital’s children’s ward.
2.3 Parental contributions for trips and swimming are transferred to LCC to offset against the charges for these activities. Sales of water bottles and book bags are also processed through the school fund account. Funds have been increased by commission on school photograph sales and sale of uniform.
2.4 From September 2022, it was agreed that educational visitors would be paid for through the school fund and this will be regularly reviewed to ensure that funds are available to cover.
2.5 The funds from the PTA have been used to finance a theatre production, Christmas activities and purchase stock and equipment for the Kirton Stores. Funds were boosted by the successful Christmas decoration sales in December. Further fund raising will take place in the summer term with the annual school walk and gala.
2.6 We will also be receiving payments for taking on apprentices. Four of our five apprentices are ‘aged 16 to 18 years old’ and we will receive £1000 for each paid as follows (https://www.gov.uk/guidance/incentive-payments-for-hiring-a-newapprentice)
The first payment of £500 should be paid to the employer by the training provider after 90 days of the apprenticeship training start date.
The final payment of £500 should be paid to the employer by the training provider after 365 days of the apprenticeship training start date.
These payments are paid to the school and not the local authority.
The report is for information.
CERTIFICATION SHEET CERTIFICATION OF HEADTEACHER BALANCES STATEMENT l effj thatthe above18 B ccffiplde mmary ofth8 Iran8acllons ofth8 School Fund for th8 year 8ndlrKJ: Bank Attn¥8) £0.00 Cash In Hand £14,251.30 Hffidther Totsl £14,251.30 z.2. ERTI TION OF C RN TATEIAENT I certlfy thattho otx)VO 18 a c4)mpléts mmary oflhe tranti(S oftho School for the year an(ng: Bank Accountls) £o.c(J Cash In Hand £14.251.30 Chairof i>)vwm Total £14,251.30 Ll Date AUDIT CERn I lve 8YAmlned the ave incom8 and expenrfrture Btalement ¥blth all thè books, v(Jchers and other a¢¢tyJnllng recordB r8latlng thereto Bnd have obtain8d all the Informalon and WApl8nalon8 I h8ve requlrwj. I ceth thot in my bellef the income and exdrture 8tat8mont givos a Injg and fairview of the incom8 and expgndNure the p8rfod endln x)rdlng to the best of rny Informal¢)n and to the explanatSons gfven to mè and by the bocks ofty School FUNI. $cP1 Fund Audilor Cerbkntion SCHFUND4.XLS 0511W2W23
NOTIFICATION OF AUDTfED ACCOUNTS OF THE SCHOOL FUND TYPE.. YEAR.. 2022-2023 I certrfy that the sc11 fund has been mainlalned in accordance vlth the adv1 instru¢tlons given by the Dlrector of Chiklren'5 S8Nces. A pY of th& audited statement of the fund h8s been passed lo the Chainian of the Govemors. A copywllAMII nor be displayed on the schod notlcelwd. The following Infomalron 1$ a c4)rrect sumrnary of the Iransactlons during the accounting p&rth.'. Balance trxoughl forward as * 0110912022 {date) £44.616.09 Add Recetpts during the accnting perlod Less Payments during the acethnting p8wd £35.266.54 £65,631.33 Baan rried forwaxd as at 3110812023 (date) £14,251.30 SIGNED DATE.. DECLPJIATIOM BY THE SCHOOL FUPID *IIDrroR I certfy that the statement of account for the school fvnd for the wod endlng has been audlted by me In xcordance Ythh the advice given by the Director of Children'$ Service4¥nd that Ihe informallon 8hovm above Is correcL SIGNED.. DATE: PROFESSION.. DECLARATION BY THE CHAIRMAN OF GOVERNORS I certfy that the statement of ac¢(xJnt referred to above, with the Certifate of the school fund auditor attached to it, has been received by the School Govern8 at their meetlng held on {date) SIGNED.. DATE: L When completedpl888e rgturn to.. S¢hools Finance Team, Educalw & Cultural Sgrvice8 Dffectorafe. knncoJnshir& County Councll, Newland. Llncoln, LN1 IYG. . Delete as appropriate