Friends of Newnham Infant and Nursery School Association (F.O.N.I.S.A.)
Report and Financial Statements Year Ended 31 August 2023
Charity No: 1101999
Newnham Avenue Eastcote, Ruislip Middlesex HA4 9RW
Page 1
| Contents | Contents | |
|---|---|---|
| Page | ||
| ● | Report of the trustees | 3 |
| ● | Statement of Financial Activities | 6 |
| ● | Balance Sheet | 7 |
| ● | Notes forming part of the financial statements | 8 |
Page 2
Report of the trustees for the year ended 31 August 2023
The trustees have pleasure in presenting their report for the year ended 31 August 2023
Status and administration
The Friends of Newnham Infant and Nursery School Association (F.O.N.I.S.A.) became a registered charity on 10 February 2004 under the constitution adopted 27 November 2003 as amended 26 January 2004. F.O.N.I.S.A. is a charitable unincorporated organisation.
Trustees
The Trustees who have served during the year and the period up to the date of this report are as follows:
Mr J Browne (Chairperson) Appointed 08/10/2019 Mrs P Marathe (Vice Chair) Appointed 08/10/2019 Mrs A Ciba (Treasurer) Appointed 01/09/2023 Ms S Aitken (Secretary) Appointed 08/10/2019 Mrs A Curtin (Trustee) Appointed 08/10/2019
The Charity is managed by the Executive Committee whose members are trustees. All of the members of the executive committee retire from office at the end of the annual general meeting but may offer themselves for re-election and re-appointment.
Objects
The objects of the Charity are to advance the education of the pupils of Newnham Infant and Nursery School by providing and assisting in the provision of facilities (not required to be provided by the Local Education Authority) for education at the school.
Review of activities and achievements
The principal activities of F.O.N.I.S.A. are to generate funds to donate to Newnham Infant and Nursery School for specific projects. These funds are generated by selling uniform and by holding various fundraising events during the year.
The trustees and the school are very pleased with the level of support and the funds that have been generated in the year. All events have been well supported by parents, children and staff.
Public Benefit
The trustees have followed guidance issued by the Charity Commission on public benefit.
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Report of the trustees for the year ended 31 August 2023 cont.
The results for each of these fundraising activities during the year were as follows:
| Uniform Lottery Club Frost Fair Christmas Disco Halloween Treat Bags Quiz/Curry Night Elvis Night Mother’s Day Gift Easter Disco Father’s Day Gift Summer Carnival Summer Disco Movie Night Sports Day / Ice Lollies sale Amazon Smile Round Table Collection |
Income Costs Net Funds Raised £ £ £ 5,351.00 4,460.48 890.52 1,412.00 570.00 842.00 5,939.43 1,437.35 4,502.08 2,772.28 416.95 2,355.33 585.00 309.28 275.72 973.66 256.20 717.46 1,237.76 347.18 890.58 950.00 155.54 794.46 3,436.07 713.90 2,722.17 1,365.00 947.50 417.50 5,665.60 1,562.74 4,102.86 3,602.01 588.60 3,013.41 835.00 101.12 733.88 134.13 81.89 52.24 226.02 - 226.02 400.00 - 400.00 |
|---|---|
| 34,884.96 11,948.73 22,936.23 |
Reserves
The trustees consider that the appropriate level of free reserves the charity will require is to have sufficient funds to cover the costs to set-up one of the fund-raising events and maintain a stock of uniform.
A reserve of £9,348.36 is held in a savings account as contingency to ensure that if the charity was to not run for a year it would still be able to provide certain funds to the school if the trustees chose to do so.
The trustees are satisfied with the current level of cash in the current accounts which stands at £42,998.05. This level of cash will reduce once the liabilities are paid, in particular the voluntary contributions balance and donation to the school for the purchase of 30 Ipads which was agreed in the academic year, however will still be sufficient to meet any further uniform orders and fundraising costs.
Grant-making Policy
The Executive Committee assess the requests for donations from Newnham Infant and Nursery School at the regular meetings of F.O.N.I.S.A. to help in the provision of facilities at the school. These donations are given to the school at a later date when payment is requested for items that have previously been agreed to.
Page 4
Accounting and Reporting Responsibilities
The Charities Act 1993 require the Trustees to prepare financial statements for each financial year which give a true and fair view of the Charity’s financial activities during the year and its financial position at the end of the year.
In preparing the financial statements the Trustees should follow best practice and
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Select suitable accounting policies and apply them consistently;
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Make judgements and estimates that are reasonable
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Follow applicable accounting standards and the Charities SORP, disclosing and explaining any departures in the financial statements; and
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Prepare the financial statement on the going concern basis unless it is inappropriate to assume that the Charity will continue in operation.
The Trustees are responsible for keeping accounting records, which are such as to disclose, with reasonable accuracy, the financial position of the Charity at any time, and enable them as trustees to ensure that the financial statements comply with charity law. The Trustees are also responsible for safeguarding the Charity’s assets, and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the Trustees and signed on their behalf by:
Mr V Ladhani
Newnham Infant and Nursery School Newnham Avenue Eastcote Ruislip Middlesex HA4 9RW
Date:
10.08.24
Page 5
Statement of Financial Activities for the year ended 31 August 2023
| Note INCOMING RESOURCES Income from donations Voluntary Income current year Gift Aid Claim Voluntary Income for next year Other donations received (match funding) Income from charitable activities Operating activities to generate funds Investment income Savings interest RESOURCES EXPENDED Costs of generating funds Payments for generating funds Charitable activities Distributions to Newnham Infant and Nursery School Voluntary Contributions for current year Gift Aid for current year Charity Contributions Governance Costs Other Total resources expended Net movement in funds Total funds brought forward Total funds carried forward |
Unrestricted Funds 2023 1,112 - - 2,352 34,885 32 |
Unrestricted Funds 2022 1,318 - - - 30,830 1 |
|---|---|---|
| 38,381 | 32,149 | |
| 11,949 15,000 1,112 - 874 140 563 |
11,396 20,000 1,318 - - 116 635 |
|
| 29,638 8,743 23,803 32,546 |
33,465 | |
| -1,316 25,120 |
||
| 23,803 |
Page 6
| Balance Sheet as at 31 August 2023 | Balance Sheet as at 31 August 2023 | ||||||
|---|---|---|---|---|---|---|---|
| Note | 2023 | 2023 | 2022 | 2022 | |||
| CURRENT ASSETS | |||||||
| Debtors | 400 | - | |||||
| Bank - Barclays | 1,827 | 1,967 | |||||
| Bank – HSBC | 41,171 | 13,882 | |||||
| Savings | 9,348 | 9,315 | |||||
| Receivables | - | - | |||||
| Stock | - | - | |||||
| 52,746 | 52,746 | 25,164 | 25,164 | ||||
| CURRENT LIABILITIES | |||||||
| Creditors | 20,200 | 20,200 | 1,361 | ||||
| TOTAL NET ASSETS | 32,546 | 23,803 | |||||
| UNRESTRICTED FUNDS | |||||||
| General Funds | 32,546 | 32,546 | 23,803 | 23,803 | |||
| TOTAL FUNDS | 32,546 | 23,803 |
Approved by the Board of Trustees of the Friends of Newnham Infant and Nursery School Association and signed on its behalf by:
Mrs Julie Browne / Sophie Aitken Mr Vishal Ladhani Chair Date: Date: 10.08.24 10.08.24 10.08.24
Page 7
Notes forming part of the financial statements for the year ended 31 August 2023
1. Principal accounting policies
Basis of Accounting
These accounts have been prepared on the basis of Historic cost in accordance with Accounting and Reporting by Charities – statement of recommended practice (SORP 2015) and with the Charities Act 1993.
INCOMING RESOURCES
Recognition of Incoming Resources
These are included in the Statement of Financial Activities (SoFA) when the charity is entitled to receive the resources and the monetary value can be measured with sufficient reliability.
Incoming Resources with Related Expenditure
Where incoming resources have related expenditure (as with fund raising income) the incoming resources and related expenditure are reported gross in the SoFA.
Investment Income
This is included in the accounts when receivable.
EXPENDITURE AND LIABILITIES
Liability Recognition
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.
Governance Costs
Includes costs of preparing and examination of the statutory accounts, the costs of Trustee meetings and cost of any legal advice to Trustees on governance or constitutional matters.
Stock
Stock consists of uniform held for sale and is measured at the lower of the cost and net realisable value
FUND ACCOUNTING
Donations received for the general purposes of the Charity are included as unrestricted funds. Donations for activities restricted by the wishes of the donor are taken to ‘restricted funds’ where these wishes are legally binding on the Trustees.
Page 8
Notes forming part of the financial statements for the year ended 31 August 2023
1. Governance Costs
| Insurance 2. Creditors Expenses (JB) Expenses (AC) Expenses (RR) Voluntary Contributions (22/23 & 21/22) Donation to school Charity Contributions Creditors adjustment (21/22) Lottery winnings unclaimed Uniform invoices |
2023 £ 140 140 2023 £ 59.07 23.70 84.00 1,112.00 15,000.00 874.00 522.00 150.00 2,375.03 20,199.80 |
2022 £ 116 116 2022 £ 42.98 1,318.00 1,390.98 |
|---|---|---|
| 3. Debtors Round Table Collection 4. Other Expenses Bank Charges Car Reader Stationery / Laminating / Tokens Gazebo Gateway Fees Alcohol License |
2023 £ 400.00 2023 £ 163.75 79.99 - - 236.70 83.00 563.44 |
2022 £ - 2022 £ 103.63 68.40 33.98 171.19 200.00 |
|---|---|---|
| 577.20 |
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