Annual Report for the year ended 31st August 2020
The association is a registered charity, and its registered number is 1054520. The charity is governed by a constitution and is an unincorporated association. The committee members who served during the year are as follows:
| Staf Representatives: | Tony Woodward (Head Teacher) |
|---|---|
| Richard Evans (Deputy Head) | |
| Michelle Moss (School Business Manager) | |
| Parent Representatives: | Mia Jenkins (Chair) |
| Dan Schonfeld (Treasurer) | |
| Laura Wilkinson (Secretary) | |
| Emma Leach | |
| Eve Webster | |
| Nick Howard | |
| Tommaso Gros-Pietro | |
| Reem El-Rashid | |
| Charlotte Iverson | |
| Catriona Delbridge | |
| Karine Barker | |
| Principle Ofce: | Tetherdown Primary School |
| Grand Avenue | |
| Muswell Hill | |
| London, N10 3BP | |
| Independent Examiner: | Jenny Hearn |
| Bankers: | Barclays Bank Plc, Muswell Hill Branch |
| PO Box 2764, London, N10 |
Annual Report for the year ended 31st August 2020
Objects and Policies
The object of the association is to advance the education of the pupils in the school.
The association’s policies include:
-
associated with the school.
-
Engaging in activities that support the school and advance the education of its pupils.
-
Providing and assisting in the provision of such facilities or items for education at the school (not provided from statutory funds) as the committee in consultation with the Governing Body shall from time to time determine.
There have been no material changes in the association's policies since the last report.
Development, Activities, and Achievement
Fundraising activities this year were severely curtailed by the limitation imposed due to the COVID-19 pandemic, beginning in early 2020. The event with the biggest net surplus was Winter Fair, with £8,082.73 in the year of these accounts. We were unfortunately unable to hold a Summer Fair around June/.July of 2020, as we customarily would, and had to cancel all events from February until the end of the school year.
Financial position
Despite the inability to stage events, and the concurrent negative impact on fundraising, the yearend financial position remains strong, with £28,173.68 of funds in cash at 31 August 2019 in the PSA’s bank accounts. During this year, the PSA contributed exactly £55,667.89 towards various educational and facilities-related needs raised by the school.
The PSA will continue to support the school with funds for the usual resources provided on an annual basis, which include various learning resources, such as IT and books, a bursary for children unable to afford school clubs, a budget for staff-related costs support, and a trips subsidy. The amount committed by the PSA for such support is £9,500 annually.
Responsibilities of the committee
Charity law requires the trustees to prepare financial statements for each financial year, which gives a true and fair view of the state of affairs of the charity at the end of the year and of the surplus, or deficiency for that year. In preparing those financial statements the trustees are required to select suitable accounting policies and then apply them on a consistent basis, making judgements and estimates that are prudent and reasonable. The members of the committee must also prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The Trustees are responsible for keeping accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with the Charities Act 2011. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregulars.
Signed on behalf of the association on August 31[st] , 2020.
Mia Jenkins, Chair
Tetherdown Primary School Parent Staff Association
(DBA “The Friends of Tetherdown”)
Tetherdown Primary School Parent Staff Association
Annual Report for the year ended 31 August 2020
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31 August 2020.
Responsibilities and basis of report
As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
-
the accounting records were not kept in accordance with section 130 of the Charities Act; or
-
the accounts did not accord with the accounting records; or
-
the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
…………………………………….
Jenny Hearn Chartered Accountant
54 Springcroft Avenue London N2 9JE
17 May 2020
Tetherdown Primary Parent and Staff Association Income and Expenditure Year ended 31 August 2020
| INCOMING RESOURCES Income from fundraising activities Bank Interest RESOURCES USED Fundraising/Community events Charitable Expenditure Net Movement in Funds for the Year Tetherdown Primary Parent and Staff Association Balance Sheet As at 31 August 2020 Current Assets Debtors Cash Creditors Net Assets Movement in Funds Net Assets at 1 September Removal of gift aid reclaim as balance sheet debtor Correction for realised debtors/creditors Movement in funds Net Assets at 31 August |
2020 2019 £ £ 41,652 51,529 12 24 |
|---|---|
| 41,663 51,553 |
|
| (5,760) (13,608) (55,668) (22,840) |
|
| (61,428) (36,448) |
|
| (19,765) 15,105 |
|
| 2020 2019 £ £ - - 28,174 47,939 - - |
|
| 28,174 47,939 |
|
| 47,939 32,834 - - - - (19,765) 15,105 |
|
| 28,174 47,939 |
Tetherdown Primary Parent and Staff Association Current Assets As at 31 August 2020
| Debtors Summer Fair Sponsorship Christmas Fair Sponsorship Gift Aid Reclaim Creditors Cash at Bank Cash at Hand Current Account Savings Account Donations Account |
2020 2019 £ £ - - - - - - |
|---|---|
| - - |
|
| 2020 2019 £ £ - - - - |
|
| - - |
|
| 2020 2019 £ £ 103 103 20,689 40,685 1,007 1,006 6,375 6,145 |
|
| 28,174 47,939 |
Tetherdown Primary Parent and Staff Association Income and Expenditure from Fundraising Activities Year Ended 31 August 2020
| Tetherdown Primary Parent and Staff Association Income and Expenditure from Fundraising Activities Year Ended 31 August 2020 |
|
|---|---|
FUNDRAISING/COMMUNITY ACTIVITIES |
2020 2019 INCOME COSTS NET INCOME COSTS NET £ £ £ £ £ £ |
| Donations from parents Gift Aid Book Bags Silent Disco Winter Fair Building Maintenance Fund Corporate Donations Amazon Smile Quiz Night Comedy Night Magic Show Tea Towels Summer Fair Lolly Fridays The Giving Machine Film Nights Regulatory Open Evening Film Competition Second Hand PE Kit Sales One World Sports Day Miscellaneous TOTAL INCOME/COSTS FROM FUNDRAISING OTHER INCOME/EXPENDITURE Bank Interest School site services for events Repayment to school for event expenditure Subscriptions Building Maintenance fund Tower and tower operation training Staff cost support Security upgrades Corporate contribution to SEND programme School Trips Subsidies Books ICT PE mats and benches |
720 - 720 270 - 270 81 - 81 172 - 172 170 170 204 204 2,521 (385) 2,136 2,138 - 2,138 9,763 (1,680) 8,083 10,454 (910) 9,544 13,183 - 13,183 2,076 - 2,076 3,666 - 3,666 2,088 - 2,088 472 - 472 98 - 98 3,343 (507) 2,835 1,683 (159) 1,524 2,919 (1,748) 1,172 5,555 (2,907) 2,649 - 2,768 (1,208) 1,559 1,132 1,132 - - - - 19,981 (4,580) 15,401 - (42) (42) 579 (266) 313 253 - 253 259 - 259 1,162 (32) 1,130 - - - (130) (130) - - 1,266 (206) 1,060 161 - 161 - (46) (46) 245 - 245 129 - 129 1,299 (786) 513 704 - 704 561 (450) 111 1,105 (3,326) (2,221) |
| 41,652 (5,760) 35,891 51,529 (13,608) 37,922 |
|
| INCOME COSTS NET INCOME COSTS NET £ £ £ £ £ £ 12 - 12 24 - 24 - - - (211) (211) - (695) (695) - (856) (856) - (1,000) (1,000) - (1,000) (1,000) - (14,500) (14,500) - - (2,457) (1,500) (8,262) (842) - (1,000) (1,000) - - - - - - - (1,000) (1,000) - (24,081) (24,081) - (9,620) (9,620) - - - - (1,787) (1,787) |
|
| Playground equipment 1st aid equipment Year-6 production funding Recurrent contributions/ Administrative TOTAL OTHER INCOME/EXPENDITURE TOTAL INCOME/EXPENDITURE |
- (331) (331) - (1,425) (1,425) - - - - (940) (940) - (1,000) (1,000) - (1,000) (1,000) - - - - (5,000) (5,000) |
| 12 (55,668) (42,595) 24 (22,840) (22,816) |
|
| 41,663 (61,428) (6,704) 51,553 (36,447) 15,106 |
Tetherdown Primary School Parent Staff Association
Annual Report for the year ended 31 August 2020
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31 August 2020.
Responsibilities and basis of report
As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
-
the accounting records were not kept in accordance with section 130 of the Charities Act; or
-
the accounts did not accord with the accounting records; or
-
the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
…………………………………….
Jenny Hearn Chartered Accountant
54 Springcroft Avenue London N2 9JE
17 May 2020
Tetherdown Primary Parent and Staff Association Income and Expenditure Year ended 31 August 2020
| INCOMING RESOURCES Income from fundraising activities Bank Interest RESOURCES USED Fundraising/Community events Charitable Expenditure Net Movement in Funds for the Year Tetherdown Primary Parent and Staff Association Balance Sheet As at 31 August 2020 Current Assets Debtors Cash Creditors Net Assets Movement in Funds Net Assets at 1 September Removal of gift aid reclaim as balance sheet debtor Correction for realised debtors/creditors Movement in funds Net Assets at 31 August |
2020 2019 £ £ 41,652 51,529 12 24 |
|---|---|
| 41,663 51,553 |
|
| (5,760) (13,608) (55,668) (22,840) |
|
| (61,428) (36,448) |
|
| (19,765) 15,105 |
|
| 2020 2019 £ £ - - 28,174 47,939 - - |
|
| 28,174 47,939 |
|
| 47,939 32,834 - - - - (19,765) 15,105 |
|
| 28,174 47,939 |
Tetherdown Primary Parent and Staff Association Current Assets As at 31 August 2020
| Debtors Summer Fair Sponsorship Christmas Fair Sponsorship Gift Aid Reclaim Creditors Cash at Bank Cash at Hand Current Account Savings Account Donations Account |
2020 2019 £ £ - - - - - - |
|---|---|
| - - |
|
| 2020 2019 £ £ - - - - |
|
| - - |
|
| 2020 2019 £ £ 103 103 20,689 40,685 1,007 1,006 6,375 6,145 |
|
| 28,174 47,939 |
Tetherdown Primary Parent and Staff Association Income and Expenditure from Fundraising Activities Year Ended 31 August 2020
| Tetherdown Primary Parent and Staff Association Income and Expenditure from Fundraising Activities Year Ended 31 August 2020 |
|
|---|---|
FUNDRAISING/COMMUNITY ACTIVITIES |
2020 2019 INCOME COSTS NET INCOME COSTS NET £ £ £ £ £ £ |
| Donations from parents Gift Aid Book Bags Silent Disco Winter Fair Building Maintenance Fund Corporate Donations Amazon Smile Quiz Night Comedy Night Magic Show Tea Towels Summer Fair Lolly Fridays The Giving Machine Film Nights Regulatory Open Evening Film Competition Second Hand PE Kit Sales One World Sports Day Miscellaneous TOTAL INCOME/COSTS FROM FUNDRAISING OTHER INCOME/EXPENDITURE Bank Interest School site services for events Repayment to school for event expenditure Subscriptions Building Maintenance fund Tower and tower operation training Staff cost support Security upgrades Corporate contribution to SEND programme School Trips Subsidies Books ICT PE mats and benches |
720 - 720 270 - 270 81 - 81 172 - 172 170 170 204 204 2,521 (385) 2,136 2,138 - 2,138 9,763 (1,680) 8,083 10,454 (910) 9,544 13,183 - 13,183 2,076 - 2,076 3,666 - 3,666 2,088 - 2,088 472 - 472 98 - 98 3,343 (507) 2,835 1,683 (159) 1,524 2,919 (1,748) 1,172 5,555 (2,907) 2,649 - 2,768 (1,208) 1,559 1,132 1,132 - - - - 19,981 (4,580) 15,401 - (42) (42) 579 (266) 313 253 - 253 259 - 259 1,162 (32) 1,130 - - - (130) (130) - - 1,266 (206) 1,060 161 - 161 - (46) (46) 245 - 245 129 - 129 1,299 (786) 513 704 - 704 561 (450) 111 1,105 (3,326) (2,221) |
| 41,652 (5,760) 35,891 51,529 (13,608) 37,922 |
|
| INCOME COSTS NET INCOME COSTS NET £ £ £ £ £ £ 12 - 12 24 - 24 - - - (211) (211) - (695) (695) - (856) (856) - (1,000) (1,000) - (1,000) (1,000) - (14,500) (14,500) - - (2,457) (1,500) (8,262) (842) - (1,000) (1,000) - - - - - - - (1,000) (1,000) - (24,081) (24,081) - (9,620) (9,620) - - - - (1,787) (1,787) |
|
| Playground equipment 1st aid equipment Year-6 production funding Recurrent contributions/ Administrative TOTAL OTHER INCOME/EXPENDITURE TOTAL INCOME/EXPENDITURE |
- (331) (331) - (1,425) (1,425) - - - - (940) (940) - (1,000) (1,000) - (1,000) (1,000) - - - - (5,000) (5,000) |
| 12 (55,668) (42,595) 24 (22,840) (22,816) |
|
| 41,663 (61,428) (6,704) 51,553 (36,447) 15,106 |