REGISTERED CHARITY NUMBER: 1097637
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2023
FOR
THE NORTH HALIFAX GRAMMAR SCHOOL PARENTS ASSOCIATION
Cresswells 12 Market Street Hebden Bridge West Yorkshire HX7 6AD
THE NORTH HALIFAX GRAMMAR SCHOOL PARENTS ASSOCIATION
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2023
| Page | Page | Page | |
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Statement of Financial Activities | 2 | ||
| Balance Sheet | 3 | ||
| Notes to the Financial Statements | 4 | to | 7 |
| Detailed Statement of Financial Activities | 8 |
THE NORTH HALIFAX GRAMMAR SCHOOL PARENTS ASSOCIATION
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2023
The trustees present their report with the financial statements of the charity for the year ended 31st August 2023. The trustees have adopted the provisions of 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 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1097637
Principal address
C/o North Halifax Grammar School Moor Bottom Road Illingworth Halifax West Yorkshire HX2 9SU
Trustees
S Duffy S Smith S Hatton Trustee
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
....................................................... S Hatton - Trustee
Page 1
THE NORTH HALIFAX GRAMMAR SCHOOL PARENTS ASSOCIATION
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST AUGUST 2023
| 2023 Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 21,161 Charitable activities General 5,880 Total 27,041 EXPENDITURE ON Charitable activities General 38,268 NET INCOME/(EXPENDITURE) (11,227) RECONCILIATION OF FUNDS Total funds brought forward 23,561 TOTAL FUNDS CARRIED FORWARD 12,334 |
2022 Total funds £ 9,223 4,785 14,008 6,133 7,875 15,686 23,561 |
|---|---|
The notes form part of these financial statements
Page 2
THE NORTH HALIFAX GRAMMAR SCHOOL PARENTS ASSOCIATION
BALANCE SHEET 31ST AUGUST 2023
| 2023 Unrestricted funds Notes £ CURRENT ASSETS Cash at bank and in hand 13,054 CREDITORS Amounts falling due within one year 4 (720) NET CURRENT ASSETS 12,334 TOTAL ASSETS LESS CURRENT LIABILITIES 12,334 NET ASSETS 12,334 FUNDS 5 Unrestricted funds 12,334 TOTAL FUNDS 12,334 |
2022 Total funds £ 24,101 (540) 23,561 23,561 23,561 23,561 23,561 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. S Hatton - Trustee
The notes form part of these financial statements
Page 3
THE NORTH HALIFAX GRAMMAR SCHOOL PARENTS ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31st August 2023 nor for the year ended 31st August 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31st August 2023 nor for the year ended 31st August 2022.
continued...
Page 4
THE NORTH HALIFAX GRAMMAR SCHOOL PARENTS ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2023
3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |||||
|---|---|---|---|---|---|
| funds | |||||
| £ | |||||
| INCOME AND ENDOWMENTS FROM | |||||
| Donations and legacies | 9,223 | ||||
| Charitable activities | |||||
| General | |||||
| 4,785 | |||||
| Total | 14,008 | ||||
| EXPENDITURE ON | |||||
| Charitable activities | |||||
| General | 6,133 | ||||
| NET INCOME | 7,875 | ||||
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 15,686 | ||||
| TOTAL FUNDS CARRIED FORWARD | 23,561 | ||||
| 4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| Other creditors | 2023 £ 720 |
2022 £ 540 |
|||
| 5. | MOVEMENT IN FUNDS | ||||
| Unrestricted funds | At 1.9.22 £ |
Net movement in funds £ |
At 31.8.23 £ |
||
| General fund | 23,561 | (12,251) | 11,310 | ||
| Prize Draw Account | - | 350 | 350 | ||
| Outside Space Campaign | - | 674 | 674 | ||
| 23,561 | (11,227) | 12,334 | |||
| TOTAL FUNDS | 23,561 | (11,227) | 12,334 | ||
continued...
Page 5
THE NORTH HALIFAX GRAMMAR SCHOOL PARENTS ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2023
5. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 24,210 | (36,461) | (12,251) |
| Prize Draw Account | 1,850 | (1,500) | 350 |
| Outside Space Campaign | 981 | (307) | 674 |
| 27,041 | (38,268) | (11,227) | |
| TOTAL FUNDS | 27,041 | (38,268) | (11,227) |
| Comparatives for movement in funds | |||
| Unrestricted funds | At 1.9.21 £ |
Net movement in funds £ |
At 31.8.22 £ |
| General fund | 15,686 | 7,875 | 23,561 |
| TOTAL FUNDS | 15,686 | 7,875 | 23,561 |
| Comparative net movement in funds, included in the | above are as follows: | ||
| Unrestricted funds | Incoming resources £ |
Resources expended £ |
Movement in funds £ |
| General fund | 14,008 | (6,133) | 7,875 |
| TOTAL FUNDS | 14,008 | (6,133) | 7,875 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Prize Draw Account Outside Space Campaign TOTAL FUNDS |
Net movement At 1.9.21 in funds £ £ 15,686 (4,376) - 350 - 674 15,686 (3,352) 15,686 (3,352) |
At 31.8.23 £ 11,310 350 674 12,334 12,334 |
|---|---|---|
continued...
Page 6
THE NORTH HALIFAX GRAMMAR SCHOOL PARENTS ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2023
5. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 38,218 | (42,594) | (4,376) |
| Prize Draw Account | 1,850 | (1,500) | 350 |
| Outside Space Campaign | 981 | (307) | 674 |
| 41,049 | (44,401) | (3,352) | |
| TOTAL FUNDS | 41,049 | (44,401) | (3,352) |
6. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31st August 2023.
Page 7
THE NORTH HALIFAX GRAMMAR SCHOOL PARENTS ASSOCIATION
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST AUGUST 2023
| INCOME AND ENDOWMENTS Donations and legacies Gifts Donations Charitable activities Prize draw income Total incoming resources EXPENDITURE Charitable activities Prize draw cost Catering and refreshments Subscriptions Grants to individuals Support costs Governance costs Accountancy and legal fees Total resources expended Net (expenditure)/income |
2023 £ 4,195 16,966 21,161 5,880 27,041 1,867 687 - 35,534 38,088 180 38,268 (11,227) |
2022 £ - 9,223 9,223 4,785 14,008 - 437 128 5,388 5,953 180 6,133 7,875 |
|---|---|---|
This page does not form part of the statutory financial statements
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