Honeywell Schools Parent Teacher and Friends Association
Registered Charity Number: 1087950
Trustee Annual Report and Financial Statements
Year ended 31 July 2024
Honeywell Schools Parent Teacher and Friends Association Annual report of the Trustees for the year ended 31 July 2024
Registered Charity Number: 1087950
Registered address:
Honeywell Schools PTFA Honeywell Junior & Infant School Honeywell Road London SW11 6EF
Trustees during 2023/24
Andrew N Mason ( Co-Chair) Anthony Hackin (Chair) Larissa D Exalto (Treasurer) Jatinder van den Berg ( Treasurer ) Olesia Jezova Guefif (Lead fundraiser)
Appointed at AGM on 20 September 2023 Appointed at AGM on 22 September 2022 Appointed at AGM on 20 September 2023 Appointed at AGM 20 September 2023 Appointed at AGM on 22 September 2022
Advisors to the Committee 2023/24
Angel Tan (Lead fundraiser)
Introduction
This report provides a summary of the activities in 2023/24 of the Honeywell Schools PTFA. It also covers the key legal elements of the governance and management of the charity.
Objects
The objects are to advance the education of the pupils attending Honeywell Infant & Junior Schools. In furtherance of this object the Association may:
-
foster more extended relationships between the staff, parents and others associated with the Schools,
-
engage in activities which support the Schools and advance the education of the pupils attending them,
-
provide and assist in the provision of such facilities or items for the education and welfare of the children at the schools not normally provided by statutory funds, as the committee shall from time to time determine.
Governance
The Honeywell Schools PTFA (referred to as “the PTFA” for the remainder of the document) operates according to a constitution adopted on 9 October 2018. All parents automatically become members of the PTFA when their children join either of the Schools.
The PTFA has a timetable of meetings as part of its governance of the charity. PTFA meeting schedule is published on the PTFA website https://www.honeywellptfa.org.uk/. These include an AGM in September, weekly/bi-weekly PTFA Management Committee meetings and termly finance review meeting with the school Business Manager (both not shown in the website), and five PTFA Class Reps Committee meetings (at least one per term) with the school Headteachers and head of Governors present. At the AGM the Chair and new trustees are appointed in line with the constitution. If there is more than one candidate for any given post, an election will take place at the AGM.
1
The role of the Management Committee is to consider matters of policy and to consider proposals for funding needs from the Heads. In addition to these meetings the PTFA works closely with the Heads of Schools to ensure that fundraising activities clearly deliver the charitable objectives, are aligned with the ethos of the schools and that PTFA activities enable a positive fostering of relationships within the school and the wider community. Furthermore, the PTFA Management Committee has a critical governance role to ensure proper management of PTFA funds and has ultimate responsibility for the delivery of all PTFA activities.
The role of the Class Reps Committee is to consider and give feedback on proposals for funding, to discuss upcoming events and new initiatives. The Class Reps Committee meeting is also an important forum for feedback from other parents.
Reserves
The PTFA aims to transfer all surpluses to the Schools through its main account. The School Crossing Patrol is held as a restricted fund and monies held in this fund cannot be used for other purposes.
During 2023/24 we worked with the School Heads to deploy PTFA reserves and donations totaling to the amount of £124,031. This left PFTAs reserves at the end of financial year 2023/24 at £133,291 ( vs £128,207 previous year ). This is mainly due to incredible success of our major biennial fundraising event Promises Action , which took place in 2024 and contributed net of £86,108 .
During 2024/25 the PTFA will continue to work with the Schools to continue to deploy resources to support the PTFAs objectives.
Key highlights in the year ended 31 July 2024
-
The PTFA contributed £81,574 to the Infant and £42,457 to Junior Schools (£124,031 in total) ;
-
Reserves of £125,787 in unrestricted funds and £7,504 in the restricted fund for School Crossing Patrol
Events and activities
Large fundraisers this year have been :
-
The Promises Auction (net contribution £86,108)
-
Summer fete (net contribution £10,353)
-
Winter bazaar including tree sale (net contribution £9,245)
-
Quiz night ( net contribution £4,100 )
-
Shopping evening (net contribution £5,472)
2
The Shopping commissions and local Businesses charitable donations together contributed to PTFA £9,436 in 2023/24. The recently opened saving account generated £1,120 interest receivable for this year alone. Various merchandise projects like school calendars, tea towels and Christmas cards have raised in total a net contribution of £4,822.
Every class has also contributed by organising smaller fundraisers, that are small in both, revenue and expenditure, compared to the large events, but are the key to create that community spirit that is at the heart of the PTFA and make Honeywell schools such a special place. Total contribution from the rest of fundraising events this year was an impressive £6,641 net .
We’ve continued to use Honey Money as methods of payments for every fundraiser. The use of Honey Money together with digital forms of payments allow us to minimise the amount of cash we have to handle, and keep payment processing fees from the card payments at bay. We will keep using it as a form of payment for future events.
PTFA Charitable activities
The PTFA retains a focus on its charitable purpose and utilises funds (in addition to the school donations) to enable various initiatives like the Sting magazine (currently on hold) and year 6 leavers activities. Activities such as these are shown under PTFA charitable activities in the accounts.
The School Crossing Patrol (SCP)
This reserve is treated as restricted funds and are assigned solely to pay for the SCP. These are not part of the distributable profits to the Schools. We will complete fundraising activities for the School Crossing Patrol in 2024/25.
Our partners and sponsors
The PTFA is fortunate to have several corporate sponsors that support different events. We would like to thank our sponsors for their generous support in 2023/24 including Savills, John Thorogood, Marsh and Parsons, Chelwood Partners and a number of local organisations.
How the funds raised are distributed
The PTFA seeks proposals for funding from the heads of schools at the PTFA management meetings. We have also started a closer relationship with school governors, and we are looking to further foster this relationship to ensure our efforts are aligned and we can maximise value to the Schools.
In 2023/24 the PTFA donated £124,031 to the Schools. The main donations were £ 30,000 towards the Infant school garden renovations, and £32,620 towards refurbishment and development of Library , Sunshine Room and Infant Hall. With the help of PTFA , Junior school had IT/AV equipment upgrade for the total of £ 19,147 , which included investment in 30 new Surface go 4 tablets for children to use.
The rest of PTFA donations this year have funded consultancy support to enrich the curriculum, staff trainings, gradual refurbishment of classrooms, new reading books , annual subscription to online Library MyOn and sound proofing for the Middle and Top Halls .
3
Looking forward to 2024/25 and beyond
The PTFA remains well placed financially after several successful years of fundraising, and we already have agreed with the Schools our support for 2024/25, but we will be looking for even more opportunities during the year.
There is plenty of work for the PTFA to do in the year ahead and there will be a focus on continuing to build community spirit, improve school premises, and support children in their learning and teachers in their professional development .
4
Honeywell Schools PTFA Statement of Financial Activity for the years ended 31 July 2024 and 31 July 2023
| Section A | Statement | of financial activities | of financial activities | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total £ ) 86,108 ) 10,353 ) 8,212 ) (449) ) 4,380 ) 1,033 ) 5,336 ) 4,099 ) 5,472 ) (566) - 5,955 ) 81 - 1,008 ) 1 ) 1,224 - 108 - - ) 132,355 ) (8,352) - - - 3,481 ) (124,031) ) (128,902) - 280 ) 1,968 - - ) (1,905) (3,745) 1,120 ) (2,282) - - ) 1,171 2 CHECK - 133,386 |
||||||||||||
| Trading activities | Unrestricted | Restricted | Total | Prioryear 2023 | ||||||||
| Income | Expenditure | Total | Income | Expenditure | Total | Income | Expenditure | Total | Income | Expenditure | Total | |
| £ | £ | £ | £ | £ | £ | £ | £ | £ | £ | £ | £ | |
| Promises auction | 95,262 | (9,154) | 86,108 | - | - | - | 95,262 | (9,154 | ) 86,108 |
- | ||
| Summer fete | 19,396 | (9,043) | 10,353 | - | - | - | 19,396 | (9,043 | ) 10,353 |
13,352 | (8,661) | 4,691 |
| Christmas bazaar and raffle | 12,781 | (4,569) | 8,212 | - | - | - | 12,781 | (4,569 | ) 8,212 |
10,815 | (3,817) | 6,998 |
| International Day | - | (449) | (449) | - | - | - | - | (449 | ) (449) |
8,654 | (2,445) | 6,209 |
| School and class calendar | 8,433 | (4,053) | 4,380 | - | - | - | 8,433 | (4,053 | ) 4,380 |
7,890 | (2,690) | 5,200 |
| Christmas trees sale | 5,355 | (4,322) | 1,033 | - | - | - | 5,355 | (4,322 | ) 1,033 |
7,239 | (4,710) | 2,529 |
| Other Class fundraisers | 5,446 | (110) | 5,336 | - | - | - | 5,446 | (110 | ) 5,336 |
6,315 | (1,550) | 4,765 |
| Quiz night | 5,863 | (1,764) | 4,099 | - | - | - | 5,863 | (1,764 | ) 4,099 |
4,488 | (1,698) | 2,790 |
| Christmas shoppingevening | 6,216 | (744) | 5,472 | - | - | - | 6,216 | (744 | ) 5,472 |
4,318 | (1,096) | 3,222 |
| Merchandiseproject(tea towels etc) | 3,467 | (4,033) | (566) | - | - | - | 3,467 | (4,033 | ) (566) |
3,955 | (2,496) | 1,459 |
| Shoppingcommission | 5,955 | - | 5,955 | - | - | - | 5,955 | - 5,955 |
1,722 | 1,722 | ||
| Halloween fundraiser | 534 | (453) | 81 | - | - | - | 534 | (453 | ) 81 |
1,437 | (9) | 1,428 |
| Christmas Cards | 1,008 | - | 1,008 | - | - | - | 1,008 | - 1,008 |
1,350 | 1,350 | ||
| Y6 Leavers hoodies | 1,335 | (1,334) | 1 | - | - | - | 1,335 | (1,334 | ) 1 |
1,212 | (1,411) | (199) |
| Fun run | 2,706 | (1,482) | 1,224 | - | - | - | 2,706 | (1,482 | ) 1,224 |
766 | (219) | 547 |
| Honeywell cookbook | 108 | - | 108 | - | - | - | 108 | - 108 |
285 | 285 | ||
| Other | - | - | - | - | - | - - |
1,787 | 1,787 | ||||
| Estate agent boards | ||||||||||||
| Chistmas fun day | ||||||||||||
| Total trading activities | 173,865 | (41,510) | 132,355 | - | - | - | 173,865 | (41,510 | 75,585 | (30,802) | 44,783 | |
| Donations, legacies and sponsorship School Crossing Patrol School Crossing Sponsorship income Other donations Funds donated to schools Total donations, legacies and sponsorship Charitable activities Sting Leavers' year book & BBQ Matilda programme PTFA expenses Bank/Zettle/Stripe Charges Interest Received Total Charitable Activities Adjustments to last year Net incoming / (outgoing) resources Reconciliation of Funds: Total Funds brought forward Total Funds carried forward |
||||||||||||
| - - 3,481 |
- - - (124,031) |
- - 3,481 (124,031) |
- - - |
(8,352) - - - |
(8,352) - - - |
- - 3,481 - |
(8,352 (124,031 |
- - - - |
(11,719) (91) (135,690) |
(11,719) - (91) (135,690) |
||
| 3,481 | (124,031) | (120,550) | - | (8,352) | (8,352) | 3,481 | (132,383 | - | (147,500) | (147,500) | ||
| 280 2,443 - 1,120 |
(475) (1,905) |
280 1,968 - (1,905) (3,745) 1,120 |
- - - - |
- - - - |
- - - - - - - |
280 2,443 - - |
(475 (1,905 |
1,955 3,149 - - - |
(4,742) (5,370) (1,711) (201) |
(2,787) (2,221) - (1,711) (201) - |
||
| (3,745) | ||||||||||||
| 3,843 | (6,125) | (2,282) | - | - | 2,723 | (2,380 | 5,104 (12,024) |
(6,920) | ||||
| Honeymoney Bad debt w/off |
||||||||||||
| - | 4,010 | 4,010 | - | 1,249 | (800) | 449 | ||||||
| 181,189 | (171,666) | 9,523 | - | (4,342) | (4,342) | 180,069 | (176,273 | 81,938 | (191,126) | (109,188) | ||
| 116,359 125,882 |
11,846 | - - |
(1) - |
|||||||||
| 7,504 | 128,205 |
| Section B | Balance sheet | |||
|---|---|---|---|---|
| Unrestricted funds | Restricted fundsTotal Current | year 23/24 | ||
| £ | ||||
| Current assets | ||||
| Stock (note 4) | 0 | 0 | 0 | |
| Debtors (note 5) | 9,743 | 0 | 9,743 | |
| Cash at bank and in hand (note 6) | 116,044 | 7,504 | 123,548 | |
| Total current assets | 125,787 | 7,504 | 133,291 | |
| Creditors falling due within one year (note 7) | 0 | 0 | 0 | |
| Total current liabilities | 0 | 0 | 0 | |
| NET ASSETS | 125,787 | 7,504 | 133,291 | |
| FUNDS OF THE CHARITY | ||||
| Restricted (note 8) | 0 | 7,504 | 7,504 | |
| Unrestricted (note 8) | 125,882 | 0 | 125,882 | |
| TOTAL FUNDS | 125,882 | 7,504 | 133,386 | 0 |
| 0 | 95 |
These financial statements were approved by the Board of Trustees and the AGM 2024.
They were signed on its behalf by
Trustee
Notes to the financial statements
Section C
Note 1: Basis of preparation
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise s note(s) to these accounts.
The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Ch accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 20 Charities Act 2011.
1.2 Going concern
The accounts have been prepared on a going concern basis.
1.3 Change of accounting policy
No changes to accounting Policies have occurred in the reporting period.
1.4 Changes to accounting estimates
No changes to accounting estimates have occurred in the reporting period.
1.5 Material accounting errors
No material prior year errors have been identified in the reporting period.
1.6 Cash Flow Statement
The Trustees have taken advantage of the exemption in the Charities SORP (FRS 102) from including a cash flow statement in the financial charity is small.
Note 2: Accounting policies
2.1 Income
| 2.1 Income | |
|---|---|
| Recognition of income | These are included in the Statement of Financial Activities (SoFA) when: |
| - the charity becomes entitled to the resources | |
| - it is more likely than not that the trustees will receive the resources | |
| - the monetary value can be measured with sufficient reliability. | |
| Tax reclaims on donations and gifts | |
| Gift aid receivable is included in income where there is a valid declaration from the don | |
| amount recovered on a donation is considered to be part of that gift and is treated as an | |
| fund as the initial donation, unless the donor or terms of the appeal have specified other | |
| Volunteer help | The value of any voluntary help received is not included in the accounts but is describe |
| annual report. | |
| 2.2 Expenses and liabilities | |
| Liability recognition | Liabilities are recognised where it is more likely than not that there is a legal or constru |
| committing the charity to pay out resources and the amount of the obligation can be me | |
| reasonable certainty. | |
| 2.3 Assets | |
| Stocks and work in progress | |
| Stocks held for sale as part of non-charitable trade are measured at the lower of cost or | |
| Debtors | |
| Debtors are measured on initial recognition at settlement amount after any trade discoun | |
| advanced by the charity. Subsequently, they are measured at the cash or other considera | |
| received. |
Note 3: Details of certain items of expenditure
In 2023/24 the PTFA donated £124,031 to the Honeywell Infant and Junior Schools (last year £135,960 ).
No fees were paid for the independent examination of the accounts, tax advisory or other accountancy or audit services for the year (last yea
Total year 22/23 £ 0 5,383 132,131 137,514
(9,307) (9,307) 128,207
11,846 116,359 128,205
stated in the relevant
arities preparing their 014 and with the
l statements as the
nor. Any gift aid addition to the same rwise.
d in the trustees
uctive obligation easured with
net realisable value. nt or amount ation expected to be
ar nil).
Note 4: Stocks
| Type | Thisyear(£)Lastyear(£) |
|---|---|
| Honeywell Gear and House T-Shirts Cards, totes and tea towels Eco cups Total |
0 0 0 0 0 0 |
| 0 0 |
No material stock is held.
Note 5: Debtors and prepayments
| Analysis of debtors | Thisyear(£)Lastyear(£) |
|---|---|
| Trade debtors Prepayments and accrued income Other debtors Total |
9,743 5,383 0 0 |
| 9,743 5,383 |
Note 6: Cash at bank and in-hand
| Type | Thisyear(£)Lastyear(£) |
|---|---|
| Short term deposits Cash at bank Petty cash Total |
0 20,965 123,545 109,783 3 1,383 |
| 123,548 132,131 |
Short term deposits consists of money held in the Stripe and Zettle accounts, which was transferred into the Charity's current account after year-end.
Note 7: Analysis of creditors
| Type | Thisyear(£)Lastyear(£) |
|---|---|
| Accrual for School Crossing Patrol Trade creditors Deferred income Honeymoney Total |
0 4,010 0 5,017 0 280 0 0 |
| 0 9,307 |
Note 8: Fund statement
| Name Type |
Balance b/f Income Expenditure Transfers Balance c/f |
|---|---|
| Unrestricted reserves Unrestricted SCP reserves Restricted |
116,359 181,189 -171,666 -95 125,787 11,846 0 -4,342 7,504 |
| 128,205 181,189 -176,008 -95 133,291 |
Honeywell Schools PTFA - Accounting Year 2023/24
201 School Donations
Infant School :
Inv # GEN00267 GEN00268 GEN00245 GEN00242 GEN00271 GEN00272 C Goymer GEN00273 GEN00274 BOOKS GEN00280/ Education consultancy GEN00281/ Maths consultancy GEN00283/ JA Creative Consultancy GEN00284/JA Creatvive Consult Sunshine room phase 1 GEN00285 C Goymer GEN00289/ Maths consultancy GEN00291 C Goymer GEN00291 C Goymer GEN00292/JA Creatvive Consult Sunshine room phase2 GEN00296 Math consult L Hartley TOTAL SPENT ON INFANT SCHOOL
Junior School :
JUN00075 - 22/23 BIDS JUN00081 / New carpet 6H JUN00082 / charging trolley JUN00083/ Lab coats JUN00084/ Englishsupport/books JUN00085/ Englishsupport/books JUN00086/ MYON online library JUN00087/ IT various items JUN00088/ Englishsupport/books JUN00081 / New carpet 5L+Lobby JUN00091/ Englishsupport/books JUN00095/ Library Furniture JUN00087/ IT various items JUN00087/ IT various items TOTAL SPENT ON JUNIOR SCHOOL
CHECK
FREEAGENT EXPORT Nominal 201
Honeywell Schools PTFA - Accounting Year 2023/24
201 School Donation Date
29-Sep-23 29-Sep-23 3-Oct-23 3-Oct-23 20-Oct-23 31-Oct-23 6-Nov-23 6-Nov-23 9-Nov-23 28-Nov-23 11-Dec-23 11-Dec-23 18-Dec-23 18-Dec-23 18-Jan-24 18-Jan-24 18-Jan-24 21-Feb-24 4-Mar-24 4-Mar-24 4-Mar-24 7-May-24 7-May-24 24-May-24 5-Jun-24 20-Jun-24 20-Jun-24 20-Jun-24 2-Jul-24 31-Jul-24
Total
Amount 2,042.3 904.9 4,508.5 770.0 187.3 112.5 30,000.0 6,539.6 3,465.0 1,050.0 1,980.0 12,000.0 213.7 1,050.0 149.8 180.0 14,320.0 2,100.0
81,573.9 gen00208
Description
Honeywell Infant S 300000000915333619 Gen00208 161918 10 29Sep23 11:00 School Donation Honeywell Infant S 300000000915333619 Gen00208 161918 10 29Sep23 11:00 School Donation Honeywell Infant S 300000000915333619 Gen00208 161918 10 03Oct23 11:00 School Donation Honeywell Infant S 300000000915333619 Gen00208 161918 10 03Oct23 11:00 School Donation Honeywell Infant S 300000001226864690 Gen00271 Miscel 161918 10 20 Oct23 14:01 School Don Honeywell Junior S 200000001225877306 Jun00081/23/24/B4 161918 10 31 Oct23 07:30 School D Honeywell Infant S 600000001233890586 Gen00273 Garden 161918 10 06 Nov23 10:42 School D
Honeywell Junior S 100000001361819067 Jun00095/23/24/B3 161918 10 20 Jun24 09:29 School D
Bid # / Title 2022/23 bids , Garden refurb b 9 + quality and diversity books b5 2022/23 bids , sunshine room refurb b8 +Ipads and startup costs b11 2022/23 bids , Harper Collins books for Reading scheme 2022/23 bids relating - mural Infants staircases Xmas crackers Computing Development Work Maintenance of Garden LWLS books Enrichment of the history Curriculum / developing a Honeywell lesson model (Ofsted objective) English, Literacy Support , annual subscription , sets of 30 books Enrichment of the history Curriculum / developing a Honeywell lesson model (Ofsted objective) Development of the Library, Sunshine Room and Infant Hall Computing Development Work English, Literacy Support , annual subscription , sets of 30 books Computing Development Work Computing Development Work Development of the Library, Sunshine Room and Infant Hall English, Literacy Support , annual subscription , sets of 30 books
IT/AV Equipment upgrade and installation middle + top halls General classroom upgrade , 5-10 rooms, £ 1,944 per room Lapbank security charging trolley for up to 32 devices, £ 1,509 per unit 5k pot - Lab coats English, Literacy Support , annual subscription , sets of 30 books English, Literacy Support , annual subscription , sets of 30 books Accelerated Reading Programme MYonPrimary Literacy Subscription IT Investment 30 Surface go4 , £ 529 per unit English, Literacy Support , annual subscription , sets of 30 books General classroom upgrade , 5-10 rooms, £ 1,944 per room English, Literacy Support , annual subscription , sets of 30 books Library Corner refurbishment , 3 year groups , £ 8,058.50 per 1 group IT Investment 30 Surface cover black ( Keyboard) £ 75 per unit Lapbank security charging trolley for up to 32 devices, £ 1,509 per unit
Debit 12
Credit
Honeywell Schools PTFA - Profit & Loss: Accounting Year 2023/24
| Debit | Credit |
||
|---|---|---|---|
| Turnover | |||
| Sales | 755.00 | ||
| Christmas Tree Sale | 5,355.00 | ||
| Christmas Bazaar & Rafe | 12,781.00 | ||
| Christmas Shopping Evening | 6,216.00 | ||
| Calendars | 8,433.00 | ||
| Tea Towels | 2,985.00 | ||
| Sting | 280.00 | ||
| Other merchandise (House T-Shirts, PE Kit, Cofee cups, tote ba | 482.00 | ||
| Y6 Year Book | 960.00 | ||
| Y6 Party | 1,483.00 | ||
| Y6 Leavers Hoodies | 1,335.00 | ||
| Summer Fete | 19,396.00 | ||
| Honeywell Cookbook | 108.00 | ||
| Sales Commission | 5,200.00 | ||
| Halloween Bake Sale & Fundraiser | 534.00 | ||
| Other Class Fundraisers | 5,096.00 | ||
| Quiz Night | 5,863.00 | ||
| Easter Bake Sale | 350.00 | ||
| Promises Auction | 95,262.00 | ||
| Other Donations | 3,481.00 | ||
| Christmas Cards | 1,008.00 | ||
| Fun run | 2,706.00 | ||
| add Other Income | 1,120.00 | ||
| Interest Received | 1,120.00 | ||
| less Tax-Disallowable Cost of Sales | |||
| Lollipop Expenses | 8,352.00 | ||
| Christmas Fun Day expenses | 917.00 | ||
| Christmas Shopping Evening expenses | 744.00 | ||
| Christmas Bazaar & Rafe expenses | 3,652.00 | ||
| Tea Towels expenses | 2,038.00 | ||
| Christmas Tree expenses | 4,322.00 | ||
| Other Merchandise expenses | 1,995.00 | ||
| Calendar expenses | 4,053.00 | ||
| Other Class Fundraiser expenses | 110.00 | ||
| Y6 Leavers expenses | 475.00 | ||
| Summer Fete expenses | 9,043.00 | ||
| Halloween Bake Sale & Fundraiser expenses | 453.00 | ||
| Y6 Hoodies expenses | 1,334.00 | ||
| Quiz Night expenses | 1,764.00 | ||
| Promises Auction expenses | 9,154.00 | ||
| International Day expenses | 449.00 | ||
| Fun run expenses | 1,482.00 |
| Gross Proft | 130,849.00 | |
|---|---|---|
| less Administration Expenses | 3,745.00 | |
| Bank/Finance Charges | 3,745.00 | |
| less Tax-Disallowable Admin Expenses | 125,935.00 | |
| PTFA Expenses | 1,905.00 | |
| School Donation | 124,031.00 | |
| Operating Proft | 1,169.00 | |
| less Drawings | 4,342.00 | |
| less Proft & Loss journal entries | - 8,352.00 | |
| Retained Proft this period: | 9,522.00 | |
| Retained Proft brought forward: | - 95.00 | |
| Distributable Reserves / Retained Proft carried forward: | 9,427.00 |
180,068.00
1,120.00 50,338.00 1,169.00 180,019.00
3,745.00 1,905.00 124,031.00
Honeywell Schools PTFA - Profit & Loss: Accounting Year 2022/23
Debit
Turnover Christmas Tree Sale Christmas Bazaar & Raffle Christmas Shopping Evening Calendars Tea Towels Other merchandise (House T-Shirts, PE Kit, Coffee cups, tote bags etc)
| Sting | |
|---|---|
| Y6 Party | |
| Y6 Leavers Hoodies | |
| Summer Fete | |
| Honeywell Cookbook | |
| Sales Commission | |
| Halloween Bake Sale & Fundraiser | |
| Other Class Fundraisers | |
| Quiz Night | |
| Other Donations | |
| Christmas Cards | |
| Fun run | |
| International Day | |
| Honeymoney Sold | |
| Other | |
| less Tax-Disallowable Cost of Sales | 52,633.00 |
| Lollipop Expenses | 11,719.00 |
| Christmas Shopping Evening expenses | 1,096.00 |
| Christmas Bazaar & Rafe expenses | 3,817.00 |
| Tea Towels expenses | 2,496.00 |
| Christmas Tree expenses | 4,710.00 |
| Calendar expenses | 2,690.00 |
| Other Class Fundraiser expenses | 1,550.00 |
| Sting expenses | 4,742.00 |
| Y6 Leavers expenses | 5,370.00 |
| Summer Fete expenses | 8,661.00 |
| Halloween Bake Sale & Fundraiser expenses | 9.00 |
| Y6 Hoodies expenses | 1,411.00 |
| Quiz Night expenses | 1,698.00 |
| International Day expenses | 2,445.00 |
| Fun run expenses | 219.00 |
| Gross Proft | |
| less Administration Expenses | 201.00 |
| Bank/Finance Charges | 201.00 |
| less Bad Debts | 800.00 |
|---|---|
| Bad Debts Written Of | 800.00 |
| less Tax-Disallowable Admin Expenses | 137,491.00 |
| PTFA Expenses | 1,711.00 |
| School Donation | 135,690.00 |
| Charitable Donations | 91.00 |
| Operating Proft | |
| less Drawings | |
| less Proft & Loss journal entries | |
| Retained Proft this period: | |
| Retained Proft brought forward: | |
| Distributable Reserves / Retained Proft carried forward: |
Credit
81,938.00
7,239.00 10,815.00 4,318.00 7,890.00 3,582.00 372.00 1,955.00 3,149.00 1,212.00 13,352.00 285.00 1,722.00 1,437.00 6,315.00 4,488.00 833.00 1,350.00 766.00 8,654.00 1,249.00 954.00
29,305.00
191,126.00
-
109,187.00 109,092.00 - 109,092.00 - 95.00
-
- 95.00
Capital Assets Net Book Value 0
Honeywell Schools PTFA - As at 31 July 2024 BALANCE SHEET
| Current Assets | 133,291.00 | |
|---|---|---|
| Trade Debtors | 9,743.00 | |
| Bank Account: Treasurer Account(Lloyds) | 52,460.00 | |
| Bank Account: PettyCash | 3.00 | |
| Bank Account: Lloyds savings account | 71,085.00 | |
| Suspense Account | - | |
| less Current Liabilities | - | |
| Stock Adjustment | - | |
| Unpresented Items | - | |
| Net Current Assets | 133,291.00 | |
| Total Assets | 133,291.00 | |
| Owner's Equity | ||
| Unrestricted Reserves | 125,787.00 | |
| Restricted Reserves | 7,504.00 | |
| Retained Proft | - | |
| Total Owner's Equity | 133,291.00 |
BANK ACCOUNTS 2024
| O/B 01/08/23 | C/B 31/07/24 | |
|---|---|---|
| LLOYDS CA | 77,468.57 | 52,460.26 |
| LLOYDS SAVINGS | 0 | 71,084.98 |
Event P&L 28,689
| Shopping Evening 2019 | 5012.75 | Gin 2019/2010 | 734.83 | |||
|---|---|---|---|---|---|---|
| confrmed estimated | total | confrmed estimated | total | |||
| Stall subs (jun19 to nov19) | 2845.00 | 2845.00 | Sales shop eve 46 bottles | 1610.00 | 1610.00 | 46.00 |
| Entrance fee cash + france stall | 290.00 | 290.00 | honey money xmas baz | 35.00 | 35.00 | 1.00 |
| Entrance fee paypal | 455.81 | 455.81 | izettle xmas baz | 1330.00 | 1330.00 | 38.00 |
| Entrance fee izettle | 803.00 | 803.00 | 12 bottles cash | 420.00 | 420.00 | 35.00 |
| Bar takings izettle | 285.00 | 285.00 | ptfa 6 bottles | 137.40 | 137.40 | 6.00 |
| Custom (unknown) izettle | 40.00 | 40.00 | thomas gygax | 70.00 | 70.00 | 2.00 |
| Hamptons boards | 1245.00 | 1245.00 | Shutterstock images | -34.80 | -34.80 | |
| sue prisk stall pymt 15/5/19 | 65.00 | 65.00 | Ben's gin cost 50 bottles | -1140.00 | -1140.00 | |
| bar costs | -343.10 | -343.10 | Labels | -213.43 | -213.43 | |
| decorations cost | -174.93 | -174.93 | 5 samples papermill gin | -174.00 | -174.00 | |
| table cost | -468.03 | -468.03 | sundries | -20.44 | -20.44 | |
| refund table size amy tyrell | -30.00 | -30.00 | Papermill gin cost 50 btls | -1078.80 | -1078.80 | |
| Ben's gin cost 9 extra bottle | -206.10 | -206.10 |
| FINAL | |||||||
|---|---|---|---|---|---|---|---|
| Tea Towels, totes, cards 2019/20 | -1915.64 | Calendars | 2503.79 | ||||
| confrmed | estimated | total | confrmed estimated | total | |||
| Sales shopping evening - izettle | 1070.00 | 1070.00 | Sales shopping evening | 710.00 | 710.00 | Sales shopping evening | |
| cash sales shopping eve | 235.00 | 235.00 | cash shop eve | 120.00 | 120.00 | ||
| honey money xmas | 597.00 | 597.00 | izettle sales xmas baz | 1942.00 | 1942.00 | ||
| sales xmas bazaar - izettle | 1802.00 | 1802.00 | classlist up to 20/01/20 | 1848.50 | 1848.50 | ||
| cash & hmoney recd 6/7/20 | 179.00 | 179.00 | cash cherry class 19/12/19 | 10.00 | 10.00 | ||
| Printing tea towels | -2242.20 | -2242.20 | cash palm class 19/12/19 | 40.00 | 40.00 | ||
| printing tote | -778.80 | -778.80 | 0.00 | ||||
| printing cards | -447.00 | -447.00 | Photographer expense | -600.00 | -600.00 | ||
| printing tote | -2330.64 | -2330.64 | Calendar printing | -1566.71 | -1566.71 |
| Honeywell gear | 36.00 | Tough Mudder | 2251.84 | |
|---|---|---|---|---|
| confrmed estimated | total | confrmed estimated | total | |
| 36.00 | 36.00 | Donations | 2251.84 | 2251.84 |
| 0.00 | 0.00 | |||
| 0.00 | 0.00 | |||
| 0.00 | 0.00 | |||
| 0.00 | 0.00 | |||
| 0.00 | 0.00 |
Independent examiner's report on the accounts
Section A Independent Examiner’s Report
Report to the trustees Charity Name Honeywell Schools PTFA ~~pd~~ On accounts for the year 31 July 2024 Charity no 1087950 ended (if any) ~~eeee eee~~ Set out on pages 1 to 7 (remember to include the page numbers of additional sheets) ~~pO~~ I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/07/ 2024 .
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 [The charity’s gross income exceeded £250,000 and I am qualified to examiner's statement undertake the examination by being a qualified member of [insert name of applicable listed body]]. Delete [ ] if not applicable.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below *) 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: 21/5/25 Name: Katherine Blyth ~~————————~~ Relevant professional Chartered accountant ICAEW qualification(s) or body ~~ee~~
Oct 2018
1
IER
(if any):
Address: 12 Blenkarne Road London SW11 6JD
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