The Friends of the Vineyard School (FoV) fund Report to Parents 2023-24
Many thanks to all those families who have donated funds to the Friends of The Vineyard School fund (FoV fund) over the last year. Many schools ask their families for extra help with financing school plans and The Vineyard would not be the school it is without your help.
Last year the FoV fund received income of over £25,000, including £8,500 from HMRC from gift aid.
We have used part of our funds to buy iPads for our IT lessons and to provide staff cover so that as many of our pupils as possible get the chance to take part in sports tournaments. We have supported a staff member to gain a qualification in Social Therapeutic Horticulture and she is now delivering weekly nurture interventions across the school. She has also ensured that her knowledge has been shared with her colleagues and we will be able to support individual children with new ideas and resources. Other funds have been used to purchase the additional resources for lessons and sport that the school always needs.
Staff wellbeing is important for the school and all our staff appreciated the donation towards their wellbeing. This donation provides the tea and coffee (with occasional biscuits on INSET days) which keep our staff going!
We have carried over £9,800 to 2024-25. Some of this money is already committed to providing additional sport sessions and at the moment we are putting aside a little money to help contribute towards the development of the school field. This amount will grow as the project continues to take shape. The school is very fortunate to have the space that it does and we need to make sure that we maximise the use of our facilities to benefit all our pupils. We can only consider such a project if we can get funding from external grants, as well as the PTA and FoV.
As you may know, the Friends of The Vineyard School was set up as a charity in 1999 to advance the education of the pupils of The Vineyard. Funds raised are deployed to support the objectives outlined in the annual School Development Plan and the strategic objectives of the school as determined by the Board of Governors.
We thank all our families for supporting this important fund to benefit all our pupils.
Receipts and Payment Account 1st April 2023 to 31 March 2024
| Cash Carried Forward Receipts: Numbe r Monthl y Regular Parental Donations 7 CaF Uniform/Other Commissions HMRC RPLC Total income Payments: Indemity Insurance Main a/n payment Bank/Commission charges Net Receipts / payments Bank Statement Reconcilled to 31 March 2024 Liabilities: Commitments: JA Sport sessions (budgeting 23/24) FoV 10% contribution to PTA Available funds in 2024/25: |
£2,890.00 £12,214.5 7 £1,918.29 £8,556.19 £0.00 |
£32,023.96 |
|---|---|---|
| £25,579.0 5 |
||
| £0.00 £47,704.3 1 £85.00 |
||
| £47,789.3 1 |
||
| - £22,210.2 6 |
||
| £9,813.70 | ||
| £2,160.00 £1,148.46 |
||
| £6,505.24 |
SMS School3 Manfjgemenl Suppart The Vineyard School Independent Review of School Fund Accounts Financial Year 2023/24. The independent review of interim financial information consists principally of applying analytical procedures to financial data and makin£ enquiries of persons responsible forfinancial and accounting matters. It is substantially less in scope than a formal audit. The outcome sought is to give assurance that there has been reasonable management of the Fund and that the Accounts are a true representation of the Fund objectives. Background The school uses a spreadsheet to records all income and expenditure relating to the school. The school fund has a number of budget headings for Income. Apart from service charges the expenditure relates to reimbursements by cheque to main school budget for purchases made from the school budget account. Checks Undertaken As part of the review the following checks were made O Agreed Opening Balances to Bank Accounts rf Agreed Closing Balances to Bank Accounts rf Checked Debit Entries Against the Bank Statement O Checked Credit Entries Against the Bank Statement O Followed the audit trail of transfers between the School Fund Bank Account to the School Budget Bank Account. O Reviewed all supporting documents relating to the transfers. Schools Management Support Ltd. Registered Offlce: Turnbull House, 226 MulErave Road, Cheam, Surrey SM2 6JT Company Number- 10239738 VAT Registration Number- 247 7932 66 Tel Number: 07960 158 741 Email- accounts@smsmail.co.uk
2023124 Final Accounts R•c•lpts and Paym•nt Aeeounl 1st Aprll 2023 to 31 Mareh 2024 Cash Carrled Forward £32.023.96 Receipts.. Number Monthly 'Regular Parental Donations to date Funaraisingparelal One off Oonations Unrfomvother Commisslons HMRC CAF RPLC i Total incom• £2.890.00 £000 £1.918.29 £8.556.19 £12.214 57 £0.00 £25.579.05 Paymont5: Indemty Insurance Main aln paymenl ' BanKICommission charges £000 £47 704 31 £8 00 £47.789.31 Net Receipts I payments -£22.210.26 Bank Statem•nt Roconellled to 31 March 2024 £9.813.70 Liobilittes: Commitmefits". 'JA Sport ses5ion5 IbudgetinE 231241 Fov IO% cotttributson to PTA £2.160.00 £1.1 48.46 A¥ail•ble funds in 2024125: £6.505.24 Findings As part of the review, l identified small discrepancies with the cheque payment 100023 and the school provided additional evidence which confirmed that the transfer included a small1£34) amount of VATwhich will be corrected in next transfer. Within the accounts the transfers are shown as one amount but made up of numerous different payments and this should be addressed in future accounts as per the recommendation below. Schools Management Support Ltd. Registered Office.. Turnbu51 House. 226 Mulgrave Road. Cheam. Surrey SM2 6JT Company Number: 10239738 VAT Registration Number.. 247 7932 66 Tel Number.. 07960 158 741 Email- accounts@smsmail.to.uk
Summary I can confirm that the School Fund accounts represent a true account of the income and expenditure for the financial year 2023/24. Recommendations At present the expenditure entries are just shown as a transfer to the school budget but supporting documentation details what the expenditure relates to. It would be clearer if the individu31 transactions that make up the balance transfer were detailed on the accounting spreadsheet so this could be shared with the Governors to Show how the monies had been used plus making it easier to reconcile the transaction to the supporting documentation. Barry Walder Schoo15 Management Support Ltd Dated: 21" May 2024 Schools Management Support Ltd. Registered Office.. Turnbull House, 226 Mulgrave Road, Cheam, Surrey SM2 6JT Company Number: 10239738 VAT Registration Number.. 247 7932 66 Tel Number: 07960 158 741 Email- accounts@smsmail.co.uk