Independent examiner's report on the accounts
Section A Independent Examiner’s Report
Report to the trustees/ Charity Name members of Ivydale League of Friends On accounts for the year 31 August 2023 Charity no 1084343 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 31/08/2023
- Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report 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 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:
-
accounting records were not kept in accordance with section 130 of the Act or
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the accounts do not accord with the accounting records
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signed: Date: 19 July 2024 ~~| Ses |~~ Name: Laura Burns ~~Ps~~ Relevant professional ACCA qualification(s) or body (if any):
Address: Flat 4, 171b Gipsy Road London
SE27 9QT
Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
Section B Disclosure ~~ee~~
October 2018
1
IER
Give here brief details of any items that the examiner wishes to disclose .
October 2018
2
IER
IVYDALE LEAGUE OF FRIENDS Registered Charity Number: 1084343
Report and Unaudited Financial Statements For the Year Ended 31[st] August 2023
IVYDALE LEAGUE OF FRIENDS Year Ended 31[st] August 2023
Reference and Administration Details
| Registration number | 1084343 |
|---|---|
| Charity name | IVYDALE LEAGUE OF FRIENDS |
| Governing document | CONSTITUTION ADOPTED 15TH NOVEMBER 2000 |
List of Trustees:
| Name and Role | Dates Acted (if not full year) |
|---|---|
| Oliver Simpson (Digital Trustee) | |
| Helen Ingham (Head Teacher) | |
| Pippa Noble (Co-Chair) | Resigned 05/09/2022 |
| Sarah Whitty (Co-Chair) | Resigned 05/09/2022 |
| Hannah Mashford (Secretary) | |
| Sophie Gilchriest (Treasurer) | |
| Laura Bird (Co-Chair) | Appointed 11/11/2022 |
| Anna Saggerson (Co-Chair) | Appointed 05/09/2022 |
IVYDALE LEAGUE OF FRIENDS Year Ended 31[st] August 2023
Purpose and Activities
Ivydale League of Friends (“ILOF”) raise money for extra resources for the school, and to promote a friendly and inclusive social community for children, parents, carers, and teachers at Ivydale.
The money raised from our events helps fund, amongst other things; school trips, play equipment, learning resources, sport, music, art and technology facilities and visits by performance groups, authors and workshops. The events also open up the school to the wider community, ensuring it's firmly rooted in the heart of the local area.
The total net income from all fundraising activities for the financial period amounted to £42,486. This impressive figure reflects the dedication and hard work of the PTA members, the generosity of the local community, and the successful execution of various fundraising events throughout the year. The funds raised will significantly contribute to the enhancement of school facilities, resources, and support for student activities.
The diverse range of events, from social gatherings to active pursuits, illustrates the PTA’s commitment to creating inclusive and engaging opportunities for fundraising. The substantial corporate donations also indicate strong community relations and external support.
Overall, the financial year has been a remarkable success, showcasing the collaborative effort of the PTA, school, and broader community in supporting the educational environment and enriching student experiences.
IVYDALE LEAGUE OF FRIENDS Year Ended 31[st] August 2023
Statement of Financial Activities
Ivydale League of Friends For the year ended 31 August 2023
| Account | 2023 | 2022 |
|---|---|---|
| Raising Funds | ||
| Donations Received from Events | 32,046 | 22,504 |
| Donations Received from Corporate Sources | 11,726 | 18,851 |
| Parental Donations Scheme | 4,358 | 0 |
| Year 6 Fund Raising | 5,804 | 2,191 |
| Gift Aid Reclaimed | 1,649 | 3,420 |
| Total Raising Funds | 55,583 | 46,966 |
| Less Transaction Costs | ||
| Transaction Fees on Donations | (193) | (91) |
| Total Less Transaction Costs | (193) | (91) |
| Charitable Activities - Direct Expenditure | ||
| Ivydale Readathon | (277) | (121) |
| Fun Run | (497) | (614) |
| Visits from Theatre Groups | 0 | (320) |
| Ivydale Library | 0 | (904) |
| Year 6 Leavers(Hoodies,Class Trips and Events) | (6,042) | (1,772) |
| Christmas Fair and Hampers | (540) | (371) |
| Christmas Trees | (150) | 0 |
| Winter Walk Event | 0 | (76) |
| Ivydale Summer Fair | (2,870) | (2,384) |
| School Disco | (1,367) | 0 |
| ILOFQuiz | (1,324) | 0 |
| School Equipment Donation | (1,311) | (1,391) |
| Music Equipment | (400) | 0 |
| Cake Sales | (75) | 0 |
| Total Charitable Activities - Direct Expenditure | (14,853) | (7,952) |
| Charitable Activities -Support Costs | ||
| Membershipand Insurance | (140) | (128) |
| Website Subscription | (197) | 0 |
| AccountingSoftware | (198) | (107) |
| Legal and Licence Expenses | (20) | (80) |
| Charitable Activities - Support Costs | (20) | 0 |
| Depreciation Expense | (63) | 0 |
| Total Charitable Activities - Support Costs | (638) | (315) |
| Transfer of Direct Donations to School | ||
| Transfer of Direct Donations | 48,981 | 30,087 |
| Total Transfer of Direct Donations to School | 48,981 | 30,087 |
| Net Movement in Funds | 39,899 | 38,608 |
IVYDALE LEAGUE OF FRIENDS Year Ended 31[st] August 2023
Balance Sheet
Ivydale League of Friends As at 31 August 2023
| Account | 31 Aug 2023 | 31 Aug 2022 | |
|---|---|---|---|
| Fixed Assets | |||
| Tangible Assets | |||
| ILOF Equipment | 464 | 364 | |
| Less ILOF Equipment Depreciation | (282) | (155) | |
| Total Tangible Assets | 182 | 209 | |
| Total Fixed Assets | 182 | 209 | |
| Current Assets | |||
| Cash at bank and in hand | |||
| Cash Takings Not Yet Banked | 4,719 | 1,418 | |
| Ivydale HSBC Account | 10,644 | 23,649 | |
| Soldo Cards | 560 | 0 | |
| Total Cash at bank and in hand | 15,924 | 25,066 | |
| Accounts Receivable | 200 | 550 | |
| Total Current Assets | 16,124 | 25,616 | |
| Creditors: amounts falling due within | one year | ||
| Accounts Payable | 0 | 45 | |
| Accruals | 0 | 392 | |
| Total Creditors: amounts falling due withi | 0 | 437 | |
| Net Current Assets(Liabilities) | 16,124 | 25,179 | |
| Total Assets less Current Liabilities | 16,305 | 25,388 | |
| Net Assets | 16,305 | 25,388 | |
| The Funds of the Charity | |||
| Unrestricted Funds | 16,305 | 25,388 | |
| Total The Funds of the Charity | 16,305 | 25,388 |
IVYDALE LEAGUE OF FRIENDS Year Ended 31[st] August 2023
Notes to Financial Statements
1. Accounting Policies
Basis of Preparation of the accounts
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Update Bulletin to the Charities SORP (FRS 102).
The Charity constitutes a public benefit entity as defined by FRS 102.
The Trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern.
The charity has taken advantage of the exemption in the Update Bulletin amending the Charities SORP (FRS 102) from the requirement to produce a cash flow statement on the grounds it does not qualify as a large company.
Accounting Convention
The financial statements are prepared on a going concern basis, under historical cost convention.
Income
All incoming resources are included in the Statement of Financial Activities when the Charily is legally entitled to the income, it is probable that the income will be received, and the amount can be quantified with reasonable accuracy.
Expenditure
Charitable Expenditure
This comprises all expenditure directly relating to the objectives of the charity.
Debtors
Debtors are recognised at the settlement amount due. Prepayments are valued at the amount prepaid.
Creditors
Creditors and provisions are recognised where there is a present obligation from a past event that will probably result in the transfer of funds to a third party and the amount due can be measured or estimated reliably. They are recognised at the settlement amount due.
Cash
Cash at bank and in hand includes cash and short term highly liquid investments with a maturity of three months or less from the date of acquisition of opening of the deposit or similar account.
Currency of financial statements
The financial statements are prepared in sterling which is the functional currency of the charity and rounded to the nearest pound.
Taxation
As a registered charity, the company is exempt from income and corporation tax to the extent that its income and gains are applicable to charitable purposes only, Value Added Tax is not recoverable by the charity and is therefore included in the relevant costs in the Statement of Financial Activities.
IVYDALE LEAGUE OF FRIENDS Year Ended 31[st] August 2023
Notes to Financial Statements
2. Fundraising Activities
Ivydale League of Friends (ILOF) experienced increased activity this year, bolstered by substantial donations through corporate matching schemes, resulting in a healthy income for the year.
2023 marked the return of the ILOF Big Quiz, which was a great success. The Fun Run performed exceptionally well, with fantastic attendance, and the ILOF Discos not only raised funds but were also a hit with the children.
The funds were donated to the school to purchase sports equipment, general school additions, and to support extracurricular activities.
Summary of Fund Raising As of 31st August 2023
| Summary of Fund Raising As of 31st August 2023 |
|
|---|---|
| Corporate Donations Parental Voluntary Donations Gift Aid Reclaim Christmas Events 2022 Fun Run Readathon Summer Fair Cake Sale ILOF Quiz ILOF Discos Year 6 Leavers* Uniform Sale OtherSchool RelatedExpenses |
Income Expense Net Movement 11,726 193 11,533 4,358 0 4,358 1,649 0 1,649 3,234 690 2,544 5,906 497 5,409 2,532 277 2,255 10,514 2,870 7,644 1,112 75 1,037 3,957 1,324 2,633 4,695 1,367 3,327 5,804 6,042 (238) 97 0 97 0 1,711 (1,711) |
| 55,584 15,047 40,537 * Expense includes payment from prior year BMX |
3. Assets
| Cost | Depreciation | NBV | |
|---|---|---|---|
| Snow Machine | 100 | 100 | 0 |
| Water Boiler | 100 | 100 | 0 |
| Coin Counter | 164 | 77 | 88 |
| Water Igloos | 100 | 6 | 94 |
| 464 | 283 | 182 |
4. Creditors
| 31 | August | 2023 | 31 | August | 2022 | |
|---|---|---|---|---|---|---|
| £ | £ | |||||
| Accruals | 0 | 834 | ||||
| Accounts Payable | 0 | 45 | ||||
| 0 | 879 |
5. Trustee expenses and remuneration
No trustee expenses or remuneration have been paid during the year ended 31 August 2023 (2023: nil).
6. Related Party Transactions
There have been no related party transactions during the year ended 31 August 2023 (2022: none).
IVYDALE LEAGUE OF FRIENDS Year Ended 31[st] August 2023
7. Employees
There are no paid employees in the charity during the year ended 31 August 2023 (2022: none).
IVYDALE LEAGUE OF FRIENDS Year Ended 31[st] August 2023
IVYDALE LEAGUE OF FRIENDS Year Ended 31st August 2023