## **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 Att￿n¥8)
£0.00
Cash In Hand
£14,251.30
Hffidt￿her
Totsl
£14,251.30
z*.2.
ERTI
TION OF C
RN
TATEIAENT
I certlfy thattho otx)VO 18 a c4)mpléts
mmary oflhe tran￿ti(￿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 l*ve 8YAmlned the a￿￿ve 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 ex￿￿drture 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.
$cP￿1 Fund Audilor
Cerbkntion
SCHFUND4.XLS
0511W2W23

NOTIFICATION OF AUDTfED ACCOUNTS OF THE SCHOOL FUND
TYPE..
YEAR..
2022-2023
I certrfy that the sc1￿1 fund has been mainlalned in accordance vlth the adv￿1
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 acc￿nting 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 Certif￿ate of the school
fund auditor attached to it, has been received by the School Govern￿8 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