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2022-08-31-accounts

Nightingale Primary School PTA – Chair’s Report

It’s been a successful year for the Nightingale Primary School PTA in terms of fundraising and impact. We have been thrilled to have been able to ‘re-open’ for in person events this year, and as such were able to run our socially distanced Santa’s Grotto and bring back the summer fete after a three year absence.

Like other charities, we have been conscious of the rising costs of living and the impact on the families in our community. As such, we have worked hard to maximise sponsorship opportunities and provide value for money for the events we deliver. We are so grateful for the support of our local business without whom we would not be able to deliver at the scale and quality we aspire to. In particular, we would like to thank Petty Son & Prestwich, North London Loft Rooms, Gotto & the Lock Inn, and Oakland Construction. These are organisations who have been great partners to us and with whom we hope to continue to work with in the future.

An initial £10,000 has been spent on the new Sensory Garden, a space which will add long-term value to the school and enhance the educational experience off the children. We were happy to be able to provide a panto experience for the children and will look to fund more extra-curricular activities in the future. We have continued to provide support to families experiencing financial strain and look to scale this work in 2022/2023.

As a new Committee we have used this year to identify models for success and ways of working that are sustainable in the long-term. We move into 2022/2023 with a much clearer picture of what we can achieve, what we want to achieve, and how to achieve it.

Nadia Binkuweir 11 May 2023

NIGHTINGALE PRIMARY SCHOOL PARENT TEACHER Charity No ASSOCIATION (if any) 1061850 Annual accounts for the period Period start date To Sep 1, 21 Period end date Aug 31, 22

Section A Statement
Recommended categories by
activity		 of
Guidance Notes		 fnancial
Unrestricted
funds		 activities
Total funds

Prior year
funds		 activities
Total funds

Prior year
funds
£ £ £
Incoming resources (Note 3) F01 F04 F05
Income and endowments from:
Donations S01 42,342 42,342 9,374
Other S06 - - -
Total S07 42,342 42,342 9,374
Resources expended (Note 6)
Expenditure on:
Raising funds S08 11,701 11,701 9,140
Charitable activities S09 10,000 10,000 -
Administrative expenses S10 522 522 -
Other S11 - -
Total S12 22,223 22,223 9,140
Net income/(expenditure) before investment
gains/(losses) S13 20,119 20,119 234
Net gains/(losses) on investments S14 - - -
Net income/(expenditure) S15 20,119 20,119 234
Extraordinary items S16 - - -
Transfers between funds S17 - - -
Other recognised gains/(losses):
Gains and losses on revaluation of fxed assets for the charity’s own use S18 - - -
Other gains/(losses) S19 - - -
Net movement in funds S20 20,119 20,119 234
Reconciliation of funds:
Total funds brought forward S21 16,387 16,387 16,460
Total funds carried forward S22 36,506 36,506 16,694

Section B Balance sheet

Section B Balance sheet Section B Balance sheet Section B Balance sheet
Guidance Notes
£
£
£
Current assets
Debtors (Note 19)
B07
- - -
Cash at bank and in hand (Note 24)
B09
36,506 - 36,506
Total current assets
B10
36,506 - 36,506
B11
- - -
Net current assets/(liabilities)
B12
36,506 - 36,506
Total assets less current liabilities
B13
36,506 - 36,506
B14
- - -
Provisions for liabilities
B15
- - -
Total net assets or liabilities
B16
36,506 - 36,506
Funds of the Charity
B18
- - -
Unrestricted funds
B19
35,506
35,506
Total funds
B21
35,506 - 35,506
Signature
Nadia Binkuweir
Claire Baker
Unrestricted
funds
Restricted
income
funds
Total this
year
Creditors: amounts falling due
within one year (Note 20)
Creditors: amounts falling due after
one year (Note 20)
Restricted income funds (Note 27)
Signed by one or two trustees on behalf of all
the trustees
Signature
Nadia Binkuweir
Claire Baker

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Total last year

£

16,964 16,964

16,964

Date of approval dd/mm/yyyy 05/11/2023 05/11/2023

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Section C Notes to the accounts

Note 1 Basis of preparation

This section should be completed by all charities .

1.1 Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with:

the Statement of Recommended Practice: Accounting and Reporting by Charities ü preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014

• and with* ü the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102)

The charity constitutes a public benefit entity as defined by FRS 102.*

1.2 Going concern

If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:

An explanation as to those factors that support n/a the conclusion that the charity is a going concern;

Disclosure of any uncertainties that make the going concern assumption doubtful;

Where accounts are not prepared on a going concern basis, please disclose this fact together with the basis on which the trustees prepared the accounts and the reason why the charity is not regarded as a going concern.

1.3 Change of accounting policy

The accounts present a true and fair view and the accounting policies adopted are those outlined in note { }.

Yes*

Please disclose:

(i) the nature of the change in accounting policy;

(ii) the reasons why applying the new accounting policy provides more reliable and more relevant information; and

(iii) the amount of the adjustment for each line affected in the current period, each prior period presented and the aggregate amount of the adjustment relating to periods before those presented, 3.44 FRS 102 SORP.

1.4 Changes to accounting estimates

No changes to accounting estimates have occurred in the reporting period (3.46 FRS 102 SORP). Yes No ü * -Tick as appropriate

Please disclose:

(i) the nature of any changes;

(ii) the effect of the change on income and expense or assets and liabilities for the current period; and

(iii) where practicable, the effect of the change in one or more future periods.

1.5 Material prior year errors

No material prior year error have been identified in the reporting period (3.47 FRS 102 SORP).

Yes No ü * -Tick as appropriate

Please disclose:

(i) the nature of the prior period error;

(ii) for each prior period presented in the accounts, the amount of the correction for each account line item affected; and

(iii) the amount of the correction at the beginning of the earliest prior period presented in the accounts.

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Section C

Note 2 Accounting policies

Please complete this note when first reporting under FRS2102. presented, if all are applicable.

2.1 RECONCILIATION WITH PREVIOUS GE PRACTICE

Please provide a description of the nature of each change n/a in accounting policy

Reconcilation of funds per previous GAAP to funds deter

Start of End of period period £ £ Fund balances as previously stated Adjustments: Fund balance as restated Reconcilation of net income/(net expenditure) per previo 102 End of period £ Net income/(expenditure) as previously stated Adjustments:

Reconcilation of net income/(net expenditure) per previo 102

Previous period net income/(expenditure) as restated

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Notes to the accounts

Section 35 of FRS102, requires 3 reconciliations to be

ENERALLY ACCEPTED ACCOUNTING

rmined under FRS 102

ous GAAP to net income/(net expenditure) under FRS

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Section C Not

Note 2 Accounting policies 2.2 INCOME

This standard list of accounting policies has been applied by different or additional policy has been adopted then this is

Recognition of income These are included in the Stat
· the charity becomes ent
· it is more likely than not
· the monetary value can
There has been no ofsetting o
Ofsetting permitted by the FRS 102 SOR
Grants and donations are only
Grants and donations criteria are met (5.10 to 5.12
In the case of performance re
that the charity has provided t
only occurs when the perform
Legacies Legacies are included in the S
grant of probate, the executor
estate and any conditions atta
charity or have been met.
Government grants The charity has received gove
Gift Aid receivable is included
Tax reclaims on Any Gift Aid amount recovered
donations and gifts treated as an addition to the s
terms of the appeal have spec
Contractual income and This is only included in the So
performance related services or met the performan
grants
Donated goods Donated goods are measured
exchanged) unless impractica
The cost of any stock of goods
the fair value of those gifts at
receipt. In the reporting perio
as an expense at the carrying
Donated goods for resale are
expected proceeds from sale l
from other trading activities' w
sheet. On its sale the value o
activities' and the proceeds fr
activities'.

Goods donated for on-going u and included in the SoFA as in

Gifts in kind for use by the cha
when receivable.
Donated services and Donated services and facilities
facilities gift to the charity provided the
Donated services and facilities
with an equivalent amount rec
the SOFA.
Support costs The charity has incurred expe
Volunteer help The value of any voluntary he
in the trustees’ annual report.
Income from interest, This is included in the account
royalties and dividends be measured reliably.
Income from membership
Membership subscriptions rec
subscriptions Legacies.
Membership subscriptions wh
benefts are recognised as inc
income from charitable activit
Settlement of insurance
claims		 Insurance claims are only incl
criteria are met (5.10 to 5.12
in the SoFA.
Investment gains and
losses		 This includes any realised or u
any gain or loss resulting from
year.
2.3 EXPENDITURE AND LIABILITIES
Liability recognition Liabilities are recognised whe
constructive obligation comm
the obligation can be measure
Governance and support
costs
Support costs have been alloc
Governance costs comprise al
compliance with regulation an
Support costs include central
categories on a basis consiste
foor areas, or per capita, staf
Grants with performance
conditions
Where the charity gives a gra
service or output to be provid
recipient of the grant has prov
Grants payable without
performance conditions		 Where there are no conditions
realistically avoid the commitm
recognised.
Redundancy cost The charity made no redundan

Deferred income No material item of deferred i The charity has creditors whic Creditors discounts A liability is measured on reco Provisions for liabilities measured at the best estimate reporting date The charity accounts for basic Basic financial paragraph 11.7 FRS102 SORP. instruments 11.19, FRS102 SORP. 2.4 ASSETS Tangible fixed assets for These are capitalised if they c use by charity They are valued at cost. The depreciation rates and me Intangible fixed assets The charity has intangible fixe physical substance but are ide or legal rights. The amortisat They are valued at cost. Heritage assets The charity has heritage asset scientific, technological, geop maintained principally for thei rates and methods used as dis They are valued at cost. Investments Fixed asset investments in quo valued at initially at cost and end. The same treatment is a measured reliably in which ca Investments held for resale or maturity date of less than 1 ye Stocks and work in Stocks held for sale as part of progress realisable value. Goods or services provided as based on the service potentia Work in progress is valued at c Debtors (including trade debto Debtors settlement amount after any t they are measured at the cash The charity has has investmen Current asset equivalents with a maturity da

Current asset investments

equivalents with a maturity da equivalents with a maturity da to meet short term cash comm

They are valued at fair value e

POLICIES ADOPTED ADDITIONAL TO OR DIFFERENT FROM THOSE ABOVE

tes to the accounts (cont)

y the charity except for those ticked "No" or "N/a". Where a detailed in the box below.

tement of Financial Activities (SoFA) when: itled to the resources;

that the trustees will receive the resources; and be measured with sufficient reliability.

of assets and liabilities, or income and expenses, unless required or RP or FRS 102.

y included in the SoFA when the general income recognition FRS102 SORP).

lated grants, income must only be recognised to the extent the specified goods or services as entitlement to the grant ance related conditions are met (5.16 FRS 102 SORP).

SOFA when receipt is probable, that is, when there has been rs have established that there are sufficient assets in the ached to the legacy are either within the control of the

ernment grants in the reporting period

in income when there is a valid declaration from the donor. d on a donation is considered to be part of that gift and is same fund as the initial donation unless the donor or the cified otherwise.

FA once the charity has provided the related goods or nce related conditions.

at fair value (the amount for which the asset could be l to do so.

s donated for distribution to beneficiaries is deemed to be the time of their receipt and they are recognised on od in which the stocks are distributed, they are recognised amount of the stocks at distribution.

measured at fair value on initial recognition, which is the less the expected costs of sale, and recognised in 'Income with the corresponding stock recognised in the balance f stock is charged against 'Income from other trading om sale are also recognised as 'Income from other trading

se by the charity are recognised as tangible fixed assets ncoming resources when receivable.

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Yes No N/a
ü
Yes No N/a
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Yes No N/a
ü
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ü
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ü
Yes No N/a
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arity are included in the SoFA as income from donations

s are included in the SOFA when received at the value of the e value of the gift can be measured reliably.

s that are consumed immediately are recognised as income cognised as an expense under the appropriate heading in

nditure on support costs.

lp received is not included in the accounts but is described

ts when receipt is probable and the amount receivable can

eived in the nature of a gift are recognised in Donations and

ich gives a member the right to buy services or other come earned from the provision of goods and services as ties.

uded in the SoFA when the general income recognition FRS102 SORP) and are included as an item of other income

unrealised gains or losses on the sale of investments and m revaluing investments to market value at the end of the

re it is more likely than not that there is a legal or itting the charity to pay out resources and the amount of ed with reasonable certainty.

cated between governance costs and other support. ll costs involving public accountability of the charity and its nd good practice.

functions and have been allocated to activity cost ent with the use of resources, eg allocating property costs by ff costs by the time spent and other costs by their usage.

nt with conditions for its payment being a specific level of ed, such grants are only recognised in the SoFA once the vided the specified service or output.

s attaching to the grant that enables the donor charity to ment, a liability for the full funding obligation must be

ncy payments during the reporting period.

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Yes No N/a
ü
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ü
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ü
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ü
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ü
Yes No N/a
ü
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ü
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ü
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ü
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ü
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Yes No N/a
ncome has been included in the accounts.
ü
Yes No N/a
ch are measured at settlement amounts less any trade
ü
ognition at its historical cost and then subsequently Yes No N/a
e of the amount required to settle the obligation at the
ü
c financial instruments on initial recognition as per Yes No N/a
. Subsequent measurement is as per paragraphs 11.17 to
ü
can be used for more than one year, and cost at least
Yes No N/a
ü
ethods used are disclosed in note 9.2.
ed assets, that is, non-monetary assets that do not have Yes No N/a
entifiable and are controlled by the charity through custody
ion rates and methods used are disclosed in note 9.5
ü
Yes No N/a
ü
ts, that is, non-monetary assets with historic, artistic,
Yes No N/a
hysical or environmental qualities that are held and
ir contribution to knowledge and culture. The depreciation
ü
sclosed in note 9.6.1.4.
Yes No N/a
ü
oted shares, traded bonds and similar investments are
subsequently at fair value (their market value) at the year Yes No N/a
applied to unlisted investments unless fair value cannot be
ü
se it is measured at cost less impairment.
Yes No N/a
r pending their sale and cash and cash equivalents with a
ear are treated as current asset investments ü
Yes No N/a
non-charitable trade are measured at the lower or cost or net
ü
Yes No N/a
s part of a charitable activity are measured at net realisable value
l provided by items of stock. ü
Yes No N/a
cost less any foreseeable loss that is likely to occur on the contract.
ü
ors and loans receivable) are measured on initial recognition at Yes No N/a
trade discounts or amount advanced by the charity. Subsequently,
ü
h or other consideration expected to be received.
nts which it holds for resale or pending their sale and cash and cash Yes No N/a
ate less than one year These include cash on deposit and cash
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ü
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except where they qualify as basic financial instruments.

Yes No N/a ü

CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Indèpéndent Exainlnèr'8 Report Report to the trusteesldirectorsl members of Chanlv N8n )[ 4HIFJ4 A-LE PoiMAL4 5 C+Ioo ( eAcfv4 A£SOC14tIOThJ On accounts for the year ended Charity no.: 10&1 850 Company no.: fKJI h Set out on pages as eu &(cs I report to the charity trUSt￿S on my examination of the accounts of the Company for the year ended 3 1 O& 10 21 (ren.iember lo e page ni ers of addrtional sheels, Responsibilities and basis of report As the charity's trustees of the Company (who are also the directors of the company for the purposes of company law), you are responsible for the preparatson of the accounts in accordan￿ with the requirements of the Companies Act 2006 ('the 2006 Act.). Having satisfied myself that the accounts of the Company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 (°the 2011 Act.). In carrying out my examination, I have followed the Directions given by the Charity Commission (under section 145(5)(b) of the 2011 ACL Independent examinerfs statement underte￿tftati0 appl IA I have completed my examination. I confirm that no material matters have come to my attention (other than that disclosed below ") which gives me cause to believe that: . accounting records were not kept in accordance with section 386 of the Companies Act 2006; or . the accounts do not accord with such records; or the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 other than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examination; or .the accounts have not been prepared in accordance with the Charities SORP (FRS102). IER October 2018

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 understandlng of the accounts to be reached. Please lete the wortls in the b￿CketS if they do not apply. Slgned: Date: Name: a(4 1 Relevant professional qualification(s) or body (if any): (chCoJ Address: D( KQf4 e(? 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. IER October 2018