**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.
Page 3
## **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
- Select suitable accounting policies and apply them consistently;
- Make judgements and estimates that are reasonable
- Follow applicable accounting standards and the Charities SORP, disclosing and explaining any departures in the financial statements; and
- 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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