2024-08-31-accounts - Oldcastle Primary School

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Minutes Finance Private Funds 19/6/24 and updated again on 20/11/2024 with year end data.

Present - Ceri Littlewood, Nerys Sales, Barrie Lewis, Lowri George, Janine Burr, Nia Vaughan, Jack Shaw, Martin Smidman, Sara Peters, Angela Minton, Heather Holder, Damian Faulkner, Page Baldwin.

Apologies - Lyn Walters, Ian Williams, Amanda Moore, Jack Shaw

2.Finance Update

2.Finance Update
●For Information	●To be Actioned
Private Funds Overview ●The accounts are currently with the auditors and when they are ready they will be given to the Headteacher and Chair of Governors for final sign off before submission to the Charities Commission. Governors were reminded that they can view the accounts at any time. ●An amount of £10,000 will be kept in reserve. Balances as at 1.11.24 ●Private Funds £56,731.61, this fund holds funds for all the terms trips and planned enrichment activities. These funds are then moved back to budget at the end of the financial year. ●Music Funds £5,491.07, this fund holds all funds for the year's music lessons and is transferred across to the budget at the end of the financial year. ●After School Club Funds £22,405.63, this fund holds all the years after school club funds, this is transferred across to budget at the end of the financial year, last year's costs totalled just under £49,000. Committee and Auditors for the school year 2024-2025 ●The Private Fund Committee for the forthcoming year will remain as this year. Suzanne Evans Sara Peters Addell Whiteley Headteacher DeputyHeadteacher	Private Funds £56,731.61, this fund holds funds for all the terms ●Noted ●Agreed

2.Finance Update

●For Information

●To be Actioned

Private Funds Overview
●The accounts are currently with the auditors and when they are
ready they will be given to the Headteacher and Chair of
Governors for final sign off before submission to the Charities
Commission. Governors were reminded that they can view the
accounts at any time.
●An amount of £10,000 will be kept in reserve.
Balances as at 1.11.24
●Private Funds £56,731.61, this fund holds funds for all the terms
trips and planned enrichment activities. These funds are then
moved back to budget at the end of the financial year.
●Music Funds £5,491.07, this fund holds all funds for the year's
music lessons and is transferred across to the budget at the end
of the financial year.
●After School Club Funds £22,405.63, this fund holds all the
years after school club funds, this is transferred across to
budget at the end of the financial year, last year's costs totalled
just under £49,000.
Committee and Auditors for the school year 2024-2025
●The Private Fund Committee for the forthcoming year will
remain as this year.
Suzanne Evans
Sara Peters
Addell Whiteley
Headteacher
DeputyHeadteacher

Private Funds £56,731.61, this fund holds funds for all the terms
●Noted
●Agreed

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Mrs Ceri Littlewood - Headteacher

South Street, Bridgend. CF31 3ED Telephone: 01656 815790 Email: admin@oldcastleps.bridgend.cymru / ask@oldcastleprimary.co.uk www.oldcastleprimary.co.uk

● Auditors for the year will be Katie Lincoln (Teacher) Rachel Evans (Teacher)

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Mrs Ceri Littlewood - Headteacher

South Street, Bridgend. CF31 3ED Telephone: 01656 815790 Email: admin@oldcastleps.bridgend.cymru / ask@oldcastleprimary.co.uk www.oldcastleprimary.co.uk

OLDCASTLE PRIMARY SCHOOL

PRIVATE SCHOOL FUND -SUMMARY OF ACCOUNTS FOR Year 23-24

ACTIVITY	RECEIPTS £	PAYMENTS £
Income Afterschool Club Music Other Private Funds Expenditure Afterschool Club Music Other Private Funds	41493.31 11393.16 23615.18	48957.44 11975.00 29958.40
Totals	76501.65	90890.84

SUMMARY

Balance in Hand 1/9/2023	81743.50
ADD Receipts during Year	76501.65
LESS Payments during Year	90890.84
Balance in Hand 31/8/2024	67354.31

Fully audited as per our guidance

BRIDGEND COUNTY BOROUGH COUNCIL SCHOOL PRIVATE FUNDS ANNUAL CERTIFICATE 202312024 Part I: SCHOOL NAME.......... .Oldcastle Primary School TLE OF FUND......Private Fund.......... BANKERS...... .Barclays...... COMMITtEE.' I hav8 read th8 Notes of Guidance for School Private Funds Chairnian.,,........... .Suzanne Evans............ Tfeasurer......... .Addell Whiteley.............. Secretary... .Sara Peters.... others......... Ceri Littlewood and Flnance Committee....... Auditofs {2).... .Ra¢hel Evans (Staff l and Katie Lincoln (staf f ) DATE OF LAST COmMfEE MEETING: ct and in accord8nce with the Notes of GuidanGe goveming School .1916124..... I certify that the abov Private Funds co Signed.. Date: Headteacher Slgned:.. Chalr of Governlng Body Date.. Part11: AUDITORS, CERTIFICATE I have re8d the Bridgend County Borough Council's School Private Fund Notes of Guldance, including the noles for Guidance for Auditors, dated December 2016. Wwe certify that I Iwe have examined the books and records relatlng lo the School Private Fund for the period from .. .1.9.23. to .3118124....-..-. . and the attached Summary of Accounts as at 31 August 2024 1 Iwe have checked the Recelpts and PayTnents and Confi that the attached Summary of Accounts is in accordance with the books and voucheTS and explanations given to me l us. The fund ha5 been operated in accordance with the School Private Fund Notes of Guidance. I Iwe att opy of the School Private Funds - Audltors. checklist. and a Summary of Accounts. SIGNE (Hon. Auditor) SIGNED: (Hon. Audltor) DATE.. 24lio.l2024.......... .. Z71.1 i/.z.{è If you are unable to sign this certif ioate, please contact the Corporate Director - Education and Family Support.