## **Friends of Hanover (Hanover School Association) Financial Report Year Ending 31[st] August 2022**
## **AGM - 9.15am Tuesday 4[th] October 2022**
This year we were able to resume our fundraising and community events following the lifting of the Covid-19 restrictions. This was very welcome by the school community.
We have continued to see an increased proportion of the money raised coming through online/ electronic payments and reduced cash transactions. This reflects increased use of electronic payment methods at our events and also online fundraising appeals.
We received a very generous corporate matched donation to help fund playground equipment.
We also received a grant for the school camping trip from the Van Neste Foundation.
## **Total Income 2021/22 £49,046.33 (Previous year £24,892.99)**
|Cake Sales|£2,098.78|
|---|---|
|Christmas Fair (inc Raffle)|£3,475.03|
|Wreath making|£920.00|
|Quiz Night|£677.00|
|Hackney Half Marathon & BBQ|£1,848.00|
|Hanovers Got Talent|£1,190.15|
|Sponsored Bounce|£1,646.71|
|Summer Fair|£1,822.07|
|Pelican Music Concert|£238.50|
|Year 6 Leavers Fundraising|£713.54|
|Year 5 Residential Fundraising|£2,160.14|
|Music for All Fundraising (Music lessons)|£8,405.00|
|Playground Equipment (Matched Donation &||
|Fundraising)|£15,120.00|
|Calendar|£488.00|
|Local Giving (event income, donations & gift aid)|£0.00|
|Gift Aid|£3,033.65|
|General Donations|£437.74|
|DVD drive|£15.85|
|Easy Fundraising & Amazon Smile|£756.17|
|Van Neste Foundation Camping Grant|£4,000.00|
## **Total Expenditure 2021/22 £46,744.72 (Previous year £25,308.50)**
|Donations to children||
|---|---|
|Playground Equipment|£16,000.00|
|Music For All (Music lessons)|£3,700.00|
|General Donation to school for activities/equipment|£16,000.00|
|Y6 Leavers Party (Yearbook & Hoody)|£1,174.23|
|Event Expenses||
|Christmas Fair (inc raffle)|£492.94|
|---|---|
|Wreath Making|£286.47|
|Quiz Night|£295.60|
|Hackney Half Marathon & BBQ|£547.73|
|Hanovers Got Talent|£492.09|
|Sponsored Bounce|£165.99|
|Summer Fair|£1,645.47|
|Pelican Music Concert|£40.35|
|HSA Expenses/Other expenses||
|Bank Fees|£64.87|
|Calendar|£468.07|
|HAS Equipment & Supplies/Subscriptions|£582.56|
|Music for All fundraising costs|£315.45|
|Year 5 Residential fundraising costs|£47.11|
|Other Costs (LocalGiving, PayPal, SumUp, Stripe)|£425.79|
|Grant Expenses (Restricted)||
|Van Neste Foundation Camping Grant|£4,000.00|
Copies of full accounts are available on request and will be displayed on the Friends of Hanover Notice Board.
The accounts have been independently reviewed and checked.
As always any financial queries to be directed to me via email friendsofhanovertreasurer@gmail.com
**Iona Akbar Khan (Treasurer)**
|**Hanover School Association**
**Accounts for year ending 31st August 2022**
**Receipts and Payments Account**
**Receipts**
Event Income
Cake Sales
Christmas Fair (inc Raffle)
Wreath making
Quiz Night
Hackney Half Marathon & BBQ
Hanovers Got Talent
Sponsored Bounce
Summer Fair
Pelican Music Concert
Total events 2021 (exc cakes & local giving payments)
Subtotal
Other Income
Year 6 Leavers Fundraising
Year 5 Residential Fundraising
Music for All Fundraising (Music lessons)
Playground Equipment Fundraising & Donations
Calendar
Local Giving (event income, donations&gift aid)
Gift Aid
General Donations
DVD drive
Easy Fundraising/Amazon Smile
Towpath Garden donation
Subtotal
Grant Income (Restricted)
Van Neste Foundation Camping Grant
Subtotal
**Total Receipts**|**2021-22**|**2020-21**|**Change**
£1,789.73
£3,475.03
£920.00
£677.00
£1,848.00
£1,190.15
£1,646.71
£1,822.07
£238.50
-£1,816.65
£11,790.54
£713.54
£2,160.14
£8,405.00
£15,120.00
£488.00
-£12,940.04
£3,033.65
-£1,002.26
£15.85
£368.92
-£8,000.00
£8,362.80
£4,000.00
£4,000.00
**£24,153.34**|
|---|---|---|---|
||£2,098.78
£3,475.03
£920.00
£677.00|£309.05
£0.00
£0.00
£0.00||
||£1,848.00
£1,190.15
£1,646.71
£1,822.07
£238.50
£0.00|£0.00
£0.00
£0.00
£0.00
£0.00
£1,816.65
£2,125.70
£0.00
£0.00
£0.00
£0.00
£0.00||
||£13,916.24
£713.54
£2,160.14
£8,405.00
£15,120.00|||
||£488.00|||
||£0.00
£3,033.65|£12,940.04
£0.00||
||£437.74
£15.85|£1,440.00
£0.00||
||£756.17|£387.25||
||£0.00
£31,130.09
£4,000.00
£4,000.00|£8,000.00
£22,767.29
£0.00
£0.00||
||**£49,046.33**|**£24,892.99**||
|||||
|**Payments**
Donations to children
Playground Equipment
Music For All (Music lessons)
General Donation to school for activities/equipment
Y6 Leavers Party (Yearbook & Hoody)
Purchases for Hanover
Subtotal
Event Expenses
Christmas Fair (inc raffle)
Wreath Making
Quiz Night
Hackney Half Marathon & BBQ
Hanovers Got Talent
Sponsored Bounce
Summer Fair
Pelican Music Concert
Towpath Garden
Event Expenses 2021|£16,000.00
£3,700.00
£16,000.00
£1,174.23
£36,874.23|£0.00
£0.00
£0.00
£1,072.31
£17,219.70
£18,292.01
£0.00
£0.00
£0.00
£0.00
£0.00
£0.00
£0.00
£0.00
£6,295.00
£721.49|£16,000.00
£3,700.00
£16,000.00
£101.92
-£17,219.70
£18,582.22
£492.94
£286.47
£295.60
£547.73
£492.09
£165.99
£1,645.47
£40.35
-£6,295.00
-£721.49|
||£492.94
£286.47
£295.60
£547.73
£492.09
£165.99
£1,645.47
£40.35
£0.00|||
|||||
|Subtotal
HSA Expenses/Other expenses
Bank Fees
Calendar
HSA Equipment & Supplies/ Subscriptions
Music for All Fundraising Costs
Year 5 Residential Fundraising Costs
Other Costs (Local Giving, PayPal, SumUp, Stripe)
Subtotal
Grant Expenses (Restricted)
Van Neste Foundation Camping Grant
Subtotal
**Total Payments**
**Surplus/(Deficit)**|£3,966.64
£64.87
£468.07|£7,016.49
-£3,049.85
£0.00
£64.87
£0.00
£468.07
£0.00
£582.56
£0.00
£425.79
£0.00
£1,541.29
£0.00
£4,000.00
£0.00
£4,000.00
**£25,308.50**
**£21,073.66**
**-£415.51**
**£3,079.68**|
|---|---|---|
||£582.56
£315.45
£47.11||
||£425.79
£1,903.85
£4,000.00
£4,000.00
**£46,744.72**
**£2,301.61**||
|**Balance Sheet**
**Current Assets**
Cash at Bank - Co-op
Cash at Bank - HSBC
Debtors (Local Giving/Hackney Half Marathon)
**Total Cash at Bank**
**Liabilities (Cash Owed to External Parties)**
Owed to School - Music Fund
Owed to Suzy Fogg for Towpath Garden
Issued cheques - Uncashed
Restricted (Hand-dryers) - owed to school
Unpaid H.S.A Volunteer Expenses 2014/15
Cake Sale Float
**Total Liabilities**
**Net Assets**
**Increase/(Decrease) in net assets**
**Breakdown of Net Assets**
Unrestricted
Restricted (Grants/Fundraising Appeals)
Year 5 Residential Fundraising
Music For All Fundraising (Music Lessons)
Islington Local Initiatives Fund (Towpath Garden)
Tesco Bags for Life Grant (Playground)
**Total Restricted (Grants)**
**Total Net Assets**|**2021/22**
**2020/21**
4.40
4.40
13132.28
10,830.67
**13,136.68**
**10,835.07**
0
0.00
-1,705.00
-1,705.00
(90.00)
(90.00)
(294.34)
(294.34)
(30.00)
(30.00)
**(2,119.34)**
**(2,119.34)**
**11,017.34**
**8,715.73**
**2,301.61**
**-2,120.51**
4,514.76
8,715.73
2113.03
0.00
4389.55
0.00
0.00
0.00
0.00
**6,502.58**
**0.00**
**11,017.34**
**8,715.73**|
|---|---|
**Independent examiner's report on the accounts**
## **Section A Independent Examiner’s Report**
**Report to the trustees**
Charity Name Hanover School Association
**On accounts for the year** 31[st] August 2022 **Charity no** 1056568 **ended (if any)**
**Set out on pages**
(remember to include the page numbers of additional sheets)
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/08/2022.
**Responsibilities and** As the charity's trustees, you are responsible for the preparation of the **basis of report** 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.
* _Please delete the words in the brackets if they do not apply._
**Signed: Date:** 02/06/2023 **Name:** Pablo RIvero **Relevant professional qualification(s) or body (if any): Address:** 20 Elia Street, London, N1 8DE
**Oct 2018**
1
**IER**
## **Section B Disclosure**
Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
**Give here brief details of any items that the examiner wishes to disclose** .
**Oct 2018**
2
**IER**