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2022-08-31-accounts

LVS PTA Annual report and financial statements for the year ended 31 August 2022

LVS Ascot PTA

Charity number: 1095778

Annual Report and Financial Statements for the year ended 31 August 2022

LVS PTA Annual report and financial statements for the year ended 31 August 2022

Contents
Page
Legal and Administrative Information 1
Trustees’ Report 2
Statement of Financial Activities 4
Balance Sheet 5
Notes to the Accounts 6

LVS PTA Annual report and financial statements for the year ended 31 August 2022

Legal and Administrative Information

Trustees: Sarah Sealey Chair Sarah Aris Vice Chair Ruchi Pankhania Secretary Zoe Stewart Treasurer Stuart Beattie Trustee Lindi Norgate Trustee Registered charity no: 1095778 Registered date: 3[rd] February 2003 Address of Principal Office: LVS Ascot, London Road, Ascot, Berkshire, SL5 8DR Governing document: Constitution adopted 24th September 2002 Bankers: Barclays Bank, 19 High Street, Ascot, Berkshire SL5 7JG

1

Charity number: 1095778 Registered address: LVS Ascot, London Road, Ascot, Berkshire, SL5 8DR

LVS PTA Annual report and financial statements for the year ended 31 August 2022

Trustees’ Report for the year ended 31 August 2022

The trustees of LVS Ascot PTA (the “PTA” or “charity”) have pleasure in presenting their Annual Report for the year ended 31 August 2021/22.

Objectives and Activities

The objective of the PTA is to advance the education of pupils in the school, in particular by:

  1. Developing effective relationships between the staff, parents and others associated with the school;

  2. Engaging in activities or providing facilities or equipment which support the school and advance the education of the pupils.

Activities and achievement of objectives

Fundraising Events: Members of the PTA have organised and volunteered at a number of predominantly fundraising events throughout the school year. These raised a total of £14,762, which will be used to support the schools in line with the PTA’s objectives. Fundraising activities included:

Funding : We have provided a wide range of grants to the school this year totalling £30,939, including:

Corporate Donors and Volunteers

We would like to thank everyone who has supported us this year, in particular those members who organise and/or help out at events. These events are fun for everyone but take a great deal of work behind the scenes, and would not happen if it wasn’t for the dedicated staff and parents who give up their time to ensure that we raise money and community spirit for the school. If you would like to get involved, even in a small capacity, please let a member of the committee know. We can be contacted through either school office, or via the LVS Ascot PTA Facebook page.

We are also grateful to Microsoft, Vodaphone and HSBC for their very generous matched funding initiatives. If any other parents work for a company which offers matched funding, please contact the treasurer as this is an excellent and efficient way of raising funds.

2

Charity number: 1095778 Registered address: LVS Ascot, London Road, Ascot, Berkshire, SL5 8DR

LVS PTA Annual report and financial statements for the year ended 31 August 2022

Financial Review

The trustees are very grateful to all those who have donated funds to the PTA. If readers wish to donate to the activities of the PTA, please contact the treasurer at the registered address.

The academic year 2021-22 was a challenging one, due to the ongoing nature of covid restrictions which meant there were times we were restricted in what events we could hold. We managed to get our longdelayed Gothic Ball in during October before covid numbers began to rise again, and this proved to be a very successful event raising a record amount. We also held our first School Fayre in a while, including bouncy castles, a visit from Miller’s Ark farm, and many fundraising stalls. This was an unexpected hit with all age groups despite the torrential downpours!

We continued with second hand uniform sales online, which has proved successful. We had expected a drop in income due to the new school uniform & PE kit, and are now building up a stock of PE kit and have started receiving donations of new uniform too. We have found a home for most of our old uniform stock, with donations going to the PTAs of Owlsmoor Primary School (summer dresses, pinafores, junior blouses), Edgbarrow School (senior blouses), and Farnham Heath End School (kilts).

Our Summer Ball was not a financial success; the early finish time required by BFBC Environmental Health (11pm) meant that we were unable to recoup our usual profit through bar sales and we ended up making a loss. It was a fun evening, with a live band and excellent food, and we could potentially run it again as an ‘end of year party’ rather than a ball, with a pay bar.

Reserves policy and Reserves

The policy of the charity is to maintain unrestricted reserves, which is cash available at a level which equals the amount of capital needed to set up and organise a fundraising event (approx. £4,000).

The funds in excess of those held in line with the reserves policy, which totalled £ 11,061 at 31 August 2022, are expected to be utilised to support the charity’s objectives during the next year.

Structure, Governance and Management

Trustees and organisation

The governing document of the PTA is a constitution adopted on 24[th] September 2002. A board of trustees administers the charity, which carries out its activities as the PTA. The day to day management of the charity has been delegated to the Chairman, Secretary and Treasurer.

The trustees who have served during the year and since year end are set out on page 1. Trustees are elected at an Annual General Meeting. For continuity, they should be elected from the committee although this does not debar others from nomination. Alternatively, to fill a casual vacancy, existing trustees may co-opt trustees to serve until the subsequent annual general meeting, at which they may be reappointed by the members.

The Chair, Vice Chair, and Secretary have notified their intention to stand down at the AGM.

The Treasurer has notified her intention to stand again at the AGM.

This report has been prepared in accordance with the Charity Commission’s Statement of Recommended Practice (revised 2005), “Accounting and Reporting by Charities”. The annual report and financial statements are awaiting independent financial review.

Approved by the trustees on 10[th] October 2022 and signed on their behalf by:

Zoe Stewart

Treasurer

Charity number: 1095778 Registered address: LVS Ascot, London Road, Ascot, Berkshire, SL5 8DR

3

LVS PTA Annual report and financial statements for the year ended 31 August 2022

Statement of Financial Activities for the year ended 31 August 2022

Notes
Incoming Resources:
Incoming resources from generated funds:
Voluntary income
2
Activities for generating funds
3
Incoming resources from charitable activities
4
Total incoming resources
Resources Expended
Cost of generating funds:
Cost of generating voluntary income
2
Fundraising trading: cost of goods sold and
other costs
3
Charitable activities
4
Total resources expended
Net (outgoing) / incoming resources
Total funds brought forward from 2017/8
Total funds carried forward
2021-22
£
1505
41985
0
43490
(1005)
(27724)
(30939)
(59667)
(16177)
36451
20274

The notes on pages 6 to 9 form part of these accounts.

4

Charity number: 1095778 Registered address: LVS Ascot, London Road, Ascot, Berkshire, SL5 8DR

LVS PTA Annual report and financial statements for the year ended 31 August 2022

Balance Sheet as at 31 August 2022

Notes
Current assets
Stock
6
Debtors
7
Cash at bank and in hand
Creditors:amounts due within one year
8
Fund balances
Unrestricted Funds
9
2021-22
£
406
1505
19590
21500
(1227)
20274
20274
2020-21
£
20
2025
41546
43590
(7140)
36450
36451

The notes on pages 6 to 9 form part of these accounts.

The balance sheet was approved by the trustees on 10[th] October 2022 and signed on their behalf by:-

Zoe Stewart (Treasurer)

Sarah Sealey (Chairman)

5

Charity number: 1095778 Registered address: LVS Ascot, London Road, Ascot, Berkshire, SL5 8DR

LVS PTA Annual report and financial statements for the year ended 31 August 2022

1 Accounting policies

(a) Accounting convention

(b) Resources expended

Expenditure is included on an accruals basis.

(c) Fund accounting

(d) Stock

Stock is valued at the lower of i) cost, on a current purchase price basis, and ii) net realisable value.

2 Voluntary income and associated costs

Individual school fundraising

2021-22

Junior Disco
Junior Teatowel Fundraiser
2020-21
N/A
Income
£
599
906
1505
Income
£
0
0
Expenditure
£
(237)
(768)
(1005)
Expenditure
£
(0)
(0)
Net
£
362
138
500
Net
£
0
0

6

Charity number: 1095778 Registered address: LVS Ascot, London Road, Ascot, Berkshire, SL5 8DR

LVS PTA Annual report and financial statements for the year ended 31 August 2022

3 Activities for generating funds and associated costs

2021-22
October ball
Matched funding
SHU
Easter fete
Halloween day
Christmas cards
Bag2School
Easyfundraising
Lottery
Amazon Smile
Administration costs
Summer ball
2020-21
Christmas raffle
Second Hand Uniform sales
Matched funding
Summer raffle
Halloween event
Bag2School
Christmas cards
November quiz night
Lottery
EasyFundraising
Christmas tree sale donations
Amazon Smile
Christmas decoration sale donations
Stamptastic
Boat hire refund (incorrect 19/20)
Income
£
19593
3920
1426
2850
897
1839
622
271
194
58
0
10315
41985
Income
£
2555
2652
1768
1216
833
785
1958
510
259
250
70
41
17
3
0
12915
Expenditure
£
12483
0
0
1711
140
1181
0
0
0
0
323
11885
27724
Expenditure
£
114
280
0
114
18
0
1435
35
0
0
0
0
0
0
332
2328
Net
£
7110
3920
1426
1139
757
658
622
271
194
58
-323
-1570
14262
Net
£
2441
2372
1768
1102
815
785
523
475
259
250
70
41
17
3
(332)
10587

4 Charitable activities and associated Income

7

Charity number: 1095778 Registered address: LVS Ascot, London Road, Ascot, Berkshire, SL5 8DR

LVS PTA Annual report and financial statements for the year ended 31 August 2022

Expenditure on charitable activities:

Theatre spotlights x 6
Performing arts
Teqball x 5 tables
Sports
Kiln
Arts
Outdoor kitchen
Juniors
High play table set
Juniors
Thermal camera x 2
Science
Netball posts
Sports
Outdoor play equipment
Juniors
Costumes
Performing arts
Tricycle x 2
Juniors
Junior bench
Juniors
Science (outstanding)
Science
Juniors (outstanding)
Juniors
Outdoor strategy games
Juniors
Jubilee coins
Juniors
Portable PA system
Juniors
Model rollercoaster
Science
Santa gifts
Juniors
Storage shed
Juniors
Infant buddy bench
Juniors
Sixth Form Centre Pool Tables
Water Pump (Juniors)
Administration Costs
Junior School Santa Presents
Boarding House Projectors (parts)
2021-22
£
8546
5399
4908
2502
1488
1414
1116
861
600
588
535
520
518
401
352
339
337
214
170
130
30224
2020-21
£
798
500
163
106
56
1623

5 Staff Costs

No staff are employed by the charity and hence no staff costs have been expended.

6. Stock

Wine
Fete Prizes
2021-22
£
406
0
406
2020-21
£
0
(20)
(20)

8

Charity number: 1095778 Registered address: LVS Ascot, London Road, Ascot, Berkshire, SL5 8DR

LVS PTA Annual report and financial statements for the year ended 31 August 2022

7. Debtors

.Debtors
LVS Ascot: Junior disco
LVS Ascot: Junior tea towels
Gothic Ball Deposit 2021
Gothic Ball Rose Wall Deposit 2021
2021-22
2020-21
£
£
(599)
0
(906)
0
0
(2000)
0
(25)
(1505)
(2025)

8. Creditors: amounts due within one year

Laithwaites wine (summer ball)
Science (crystal
Juniors (sports equipment)
Gothic Ball Tickets (2021)
2021-22
£
189
520
518
0
1277
2020-21
£
0
0
0
7140
7140

9. Funds

Unrestricted
General
Junior
Total Funds
At
1 Sept
2021
£
31,194
44
31,238
Income
£
14,262
500
14,762
Expenditure
£
(30,895)
(44)
**(30,939) **
At
31 Aug
2022
Reserves
Policy
Available
Funds
14,561
4,000
10,561
500
0
500
35,238
4,000
11,061

9 Related Party Transactions

Lindi Norgate is employed by the school and is a trustee of the charity. Transactions with the schools are disclosed in notes 4 and 8. None of the Trustees received any remuneration from the charity during the year.

9

Charity number: 1095778 Registered address: LVS Ascot, London Road, Ascot, Berkshire, SL5 8DR

LVS PTA Annual report and financial statements for the year ended 31 August 2022

LVS Ascot PTA

Charity number: 1095778

Annual Report and Financial Statements for the year ended 31 August 2022

LVS PTA Annual report and financial statements for the year ended 31 August 2022

Contents
Page
Legal and Administrative Information 1
Trustees’ Report 2
Statement of Financial Activities 4
Balance Sheet 5
Notes to the Accounts 6

LVS PTA Annual report and financial statements for the year ended 31 August 2022

Legal and Administrative Information

Trustees: Sarah Sealey Chair Sarah Aris Vice Chair Ruchi Pankhania Secretary Zoe Stewart Treasurer Stuart Beattie Trustee Lindi Norgate Trustee Registered charity no: 1095778 Registered date: 3[rd] February 2003 Address of Principal Office: LVS Ascot, London Road, Ascot, Berkshire, SL5 8DR Governing document: Constitution adopted 24th September 2002 Bankers: Barclays Bank, 19 High Street, Ascot, Berkshire SL5 7JG

1

Charity number: 1095778 Registered address: LVS Ascot, London Road, Ascot, Berkshire, SL5 8DR

LVS PTA Annual report and financial statements for the year ended 31 August 2022

Trustees’ Report for the year ended 31 August 2022

The trustees of LVS Ascot PTA (the “PTA” or “charity”) have pleasure in presenting their Annual Report for the year ended 31 August 2021/22.

Objectives and Activities

The objective of the PTA is to advance the education of pupils in the school, in particular by:

  1. Developing effective relationships between the staff, parents and others associated with the school;

  2. Engaging in activities or providing facilities or equipment which support the school and advance the education of the pupils.

Activities and achievement of objectives

Fundraising Events: Members of the PTA have organised and volunteered at a number of predominantly fundraising events throughout the school year. These raised a total of £14,762, which will be used to support the schools in line with the PTA’s objectives. Fundraising activities included:

Funding : We have provided a wide range of grants to the school this year totalling £30,939, including:

Corporate Donors and Volunteers

We would like to thank everyone who has supported us this year, in particular those members who organise and/or help out at events. These events are fun for everyone but take a great deal of work behind the scenes, and would not happen if it wasn’t for the dedicated staff and parents who give up their time to ensure that we raise money and community spirit for the school. If you would like to get involved, even in a small capacity, please let a member of the committee know. We can be contacted through either school office, or via the LVS Ascot PTA Facebook page.

We are also grateful to Microsoft, Vodaphone and HSBC for their very generous matched funding initiatives. If any other parents work for a company which offers matched funding, please contact the treasurer as this is an excellent and efficient way of raising funds.

2

Charity number: 1095778 Registered address: LVS Ascot, London Road, Ascot, Berkshire, SL5 8DR

LVS PTA Annual report and financial statements for the year ended 31 August 2022

Financial Review

The trustees are very grateful to all those who have donated funds to the PTA. If readers wish to donate to the activities of the PTA, please contact the treasurer at the registered address.

The academic year 2021-22 was a challenging one, due to the ongoing nature of covid restrictions which meant there were times we were restricted in what events we could hold. We managed to get our longdelayed Gothic Ball in during October before covid numbers began to rise again, and this proved to be a very successful event raising a record amount. We also held our first School Fayre in a while, including bouncy castles, a visit from Miller’s Ark farm, and many fundraising stalls. This was an unexpected hit with all age groups despite the torrential downpours!

We continued with second hand uniform sales online, which has proved successful. We had expected a drop in income due to the new school uniform & PE kit, and are now building up a stock of PE kit and have started receiving donations of new uniform too. We have found a home for most of our old uniform stock, with donations going to the PTAs of Owlsmoor Primary School (summer dresses, pinafores, junior blouses), Edgbarrow School (senior blouses), and Farnham Heath End School (kilts).

Our Summer Ball was not a financial success; the early finish time required by BFBC Environmental Health (11pm) meant that we were unable to recoup our usual profit through bar sales and we ended up making a loss. It was a fun evening, with a live band and excellent food, and we could potentially run it again as an ‘end of year party’ rather than a ball, with a pay bar.

Reserves policy and Reserves

The policy of the charity is to maintain unrestricted reserves, which is cash available at a level which equals the amount of capital needed to set up and organise a fundraising event (approx. £4,000).

The funds in excess of those held in line with the reserves policy, which totalled £ 11,061 at 31 August 2022, are expected to be utilised to support the charity’s objectives during the next year.

Structure, Governance and Management

Trustees and organisation

The governing document of the PTA is a constitution adopted on 24[th] September 2002. A board of trustees administers the charity, which carries out its activities as the PTA. The day to day management of the charity has been delegated to the Chairman, Secretary and Treasurer.

The trustees who have served during the year and since year end are set out on page 1. Trustees are elected at an Annual General Meeting. For continuity, they should be elected from the committee although this does not debar others from nomination. Alternatively, to fill a casual vacancy, existing trustees may co-opt trustees to serve until the subsequent annual general meeting, at which they may be reappointed by the members.

The Chair, Vice Chair, and Secretary have notified their intention to stand down at the AGM.

The Treasurer has notified her intention to stand again at the AGM.

This report has been prepared in accordance with the Charity Commission’s Statement of Recommended Practice (revised 2005), “Accounting and Reporting by Charities”. The annual report and financial statements are awaiting independent financial review.

Approved by the trustees on 10[th] October 2022 and signed on their behalf by:

Zoe Stewart

Treasurer

Charity number: 1095778 Registered address: LVS Ascot, London Road, Ascot, Berkshire, SL5 8DR

3

LVS PTA Annual report and financial statements for the year ended 31 August 2022

Statement of Financial Activities for the year ended 31 August 2022

Notes
Incoming Resources:
Incoming resources from generated funds:
Voluntary income
2
Activities for generating funds
3
Incoming resources from charitable activities
4
Total incoming resources
Resources Expended
Cost of generating funds:
Cost of generating voluntary income
2
Fundraising trading: cost of goods sold and
other costs
3
Charitable activities
4
Total resources expended
Net (outgoing) / incoming resources
Total funds brought forward from 2017/8
Total funds carried forward
2021-22
£
1505
41985
0
43490
(1005)
(27724)
(30939)
(59667)
(16177)
36451
20274

The notes on pages 6 to 9 form part of these accounts.

4

Charity number: 1095778 Registered address: LVS Ascot, London Road, Ascot, Berkshire, SL5 8DR

LVS PTA Annual report and financial statements for the year ended 31 August 2022

Balance Sheet as at 31 August 2022

Notes
Current assets
Stock
6
Debtors
7
Cash at bank and in hand
Creditors:amounts due within one year
8
Fund balances
Unrestricted Funds
9
2021-22
£
406
1505
19590
21500
(1227)
20274
20274
2020-21
£
20
2025
41546
43590
(7140)
36450
36451

The notes on pages 6 to 9 form part of these accounts.

The balance sheet was approved by the trustees on 10[th] October 2022 and signed on their behalf by:-

Zoe Stewart (Treasurer)

Sarah Sealey (Chairman)

5

Charity number: 1095778 Registered address: LVS Ascot, London Road, Ascot, Berkshire, SL5 8DR

LVS PTA Annual report and financial statements for the year ended 31 August 2022

1 Accounting policies

(a) Accounting convention

(b) Resources expended

Expenditure is included on an accruals basis.

(c) Fund accounting

(d) Stock

Stock is valued at the lower of i) cost, on a current purchase price basis, and ii) net realisable value.

2 Voluntary income and associated costs

Individual school fundraising

2021-22

Junior Disco
Junior Teatowel Fundraiser
2020-21
N/A
Income
£
599
906
1505
Income
£
0
0
Expenditure
£
(237)
(768)
(1005)
Expenditure
£
(0)
(0)
Net
£
362
138
500
Net
£
0
0

6

Charity number: 1095778 Registered address: LVS Ascot, London Road, Ascot, Berkshire, SL5 8DR

LVS PTA Annual report and financial statements for the year ended 31 August 2022

3 Activities for generating funds and associated costs

2021-22
October ball
Matched funding
SHU
Easter fete
Halloween day
Christmas cards
Bag2School
Easyfundraising
Lottery
Amazon Smile
Administration costs
Summer ball
2020-21
Christmas raffle
Second Hand Uniform sales
Matched funding
Summer raffle
Halloween event
Bag2School
Christmas cards
November quiz night
Lottery
EasyFundraising
Christmas tree sale donations
Amazon Smile
Christmas decoration sale donations
Stamptastic
Boat hire refund (incorrect 19/20)
Income
£
19593
3920
1426
2850
897
1839
622
271
194
58
0
10315
41985
Income
£
2555
2652
1768
1216
833
785
1958
510
259
250
70
41
17
3
0
12915
Expenditure
£
12483
0
0
1711
140
1181
0
0
0
0
323
11885
27724
Expenditure
£
114
280
0
114
18
0
1435
35
0
0
0
0
0
0
332
2328
Net
£
7110
3920
1426
1139
757
658
622
271
194
58
-323
-1570
14262
Net
£
2441
2372
1768
1102
815
785
523
475
259
250
70
41
17
3
(332)
10587

4 Charitable activities and associated Income

7

Charity number: 1095778 Registered address: LVS Ascot, London Road, Ascot, Berkshire, SL5 8DR

LVS PTA Annual report and financial statements for the year ended 31 August 2022

Expenditure on charitable activities:

Theatre spotlights x 6
Performing arts
Teqball x 5 tables
Sports
Kiln
Arts
Outdoor kitchen
Juniors
High play table set
Juniors
Thermal camera x 2
Science
Netball posts
Sports
Outdoor play equipment
Juniors
Costumes
Performing arts
Tricycle x 2
Juniors
Junior bench
Juniors
Science (outstanding)
Science
Juniors (outstanding)
Juniors
Outdoor strategy games
Juniors
Jubilee coins
Juniors
Portable PA system
Juniors
Model rollercoaster
Science
Santa gifts
Juniors
Storage shed
Juniors
Infant buddy bench
Juniors
Sixth Form Centre Pool Tables
Water Pump (Juniors)
Administration Costs
Junior School Santa Presents
Boarding House Projectors (parts)
2021-22
£
8546
5399
4908
2502
1488
1414
1116
861
600
588
535
520
518
401
352
339
337
214
170
130
30224
2020-21
£
798
500
163
106
56
1623

5 Staff Costs

No staff are employed by the charity and hence no staff costs have been expended.

6. Stock

Wine
Fete Prizes
2021-22
£
406
0
406
2020-21
£
0
(20)
(20)

8

Charity number: 1095778 Registered address: LVS Ascot, London Road, Ascot, Berkshire, SL5 8DR

LVS PTA Annual report and financial statements for the year ended 31 August 2022

7. Debtors

.Debtors
LVS Ascot: Junior disco
LVS Ascot: Junior tea towels
Gothic Ball Deposit 2021
Gothic Ball Rose Wall Deposit 2021
2021-22
2020-21
£
£
(599)
0
(906)
0
0
(2000)
0
(25)
(1505)
(2025)

8. Creditors: amounts due within one year

Laithwaites wine (summer ball)
Science (crystal
Juniors (sports equipment)
Gothic Ball Tickets (2021)
2021-22
£
189
520
518
0
1277
2020-21
£
0
0
0
7140
7140

9. Funds

Unrestricted
General
Junior
Total Funds
At
1 Sept
2021
£
31,194
44
31,238
Income
£
14,262
500
14,762
Expenditure
£
(30,895)
(44)
**(30,939) **
At
31 Aug
2022
Reserves
Policy
Available
Funds
14,561
4,000
10,561
500
0
500
35,238
4,000
11,061

9 Related Party Transactions

Lindi Norgate is employed by the school and is a trustee of the charity. Transactions with the schools are disclosed in notes 4 and 8. None of the Trustees received any remuneration from the charity during the year.

9

Charity number: 1095778 Registered address: LVS Ascot, London Road, Ascot, Berkshire, SL5 8DR

11 Foxglove Close Winkfield Row Berkshire RG42 7NW Saturday. 27 May 2023 LVS Ascot PTA LVS Ascot London Road Ascot SL5 8DR I report to the trustees on my examination of the accounts of the above charity l.the Trusff I for the year ended 31 August 2022. As the charity's trustees. you are responsible for the preparation of the accounts in accordance with the requirements of the Chartt*s Art 2011 ("the Acff). I have cornpleted my examinatlon. I confiTh 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.. the accounting records were not kept in accordante with section130 of the Charrties Att: or the accounts did not accord with the accounting records- or the accounts did not compty with the applicable requirements concerning the form and content of accounts set out in the Charities {Accounts and Reports) Regulations 2CK18 other than anv requirement that the accounts give a ttrue and fairf view wh￿h 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. Laura Delderfield FCCA