## **Hitherfield PTA Financial Highlights 2022/2023** The financial results for 2022/23 (financial year ended 31 March 2023) are presented at the AGM on 13 October 2022. Here are the key financial highlights: - Total income generated = £32.2k - Fundraising costs = £12k - Fundraising surplus = £20.2k This is a significant year-on-year increase in income. The total income generated shows an approx. £2k increase from the previous year. The fundraising costs have also increased reflecting the cost-ofliving crisis which has sharply picked up during the financial year being discussed in this report. The fundraising surplus still remains a significant and healthy figure of just over £20k. A huge thanks to everyone that supports the PTA and the volunteers who dedicate their time to help the committee members during events and fairs. It is hugely appreciated, and the financial support provided by the PTA is ever more important as schools such as Hitherfield face increasingly challenging funding gaps. The PTA provided just over £25k of funding to Hitherfield Primary School in 2022/2023 for the followings: - £1.8k Bookcase Y1-Y6 - £5k Books Y1-Y6 - £1k PE equipment - £3.4 Trim Trail equipment - £1.4 Xmas Cards This means the PTA will report an overall surplus of approx. £8k for the year, however the PTA has already been invoiced for - £5k Reading books Y1-Y6 - £3k Handwriting books Y1-Y6 - £3k Assessment materials - £2.9k Outdoor equipment Y1 The school has not cashed in the cheque yet; the above expenses remain a liability at the time of writing. As at 31 March 2023, the PTA continued to be in a strong financial position with reserves of £40k, £14.5k of which not cashed by the recipients by such date, and the capacity to accommodate future funding requests from Hitherfield Primary School. During the current financial year (2023-2024), the PTA has already provided and approved a further £13k of funding to Hitherfield Primary School for the following: - £13k – Canopy Y1 As of 11[th] September 2023 (last statement’s date), the level of reserves stood at approx. £49k with the above funding to be cashed by Hitherfield Primary School, along with a cheque for nearly £14k, within this current month; the PTA is in discussion with Hitherfield Primary School on how the remaining funding could be best utilised. The PTA has already committed to fund: - £2k – The Primary Shakespeare Company working with Y5 - £2.6k – The Christmas Pantos - New lino in Y6 classrooms (Cost to be confirmed) Due to the PTA exceeding the £25k Income threshold, the 2022-2023 accounts will require an independent examination. This process will be completed in the coming weeks before the accounts are filed with the Charity Commission. The statement of Income & Expenditure and the Balance Sheet for the Financial Year Ended 31 March 2023 are presented overleaf. **Income & Expenditure for the year ended 31 March 2023** |**Income & Expenditure for the year ended 31 March 2023**|**Income & Expenditure for the year ended 31 March 2023**|**Income & Expenditure for the year ended 31 March 2023**|**Income & Expenditure for the year ended 31 March 2023**|**Income & Expenditure for the year ended 31 March 2023**|**Income & Expenditure for the year ended 31 March 2023**|**Income & Expenditure for the year ended 31 March 2023**|**Income & Expenditure for the year ended 31 March 2023**|**Income & Expenditure for the year ended 31 March 2023**|**Income & Expenditure for the year ended 31 March 2023**| |---|---|---|---|---|---|---|---|---|---| ||||||**2022/23**||**2021/22**||| ||||||**£**||**£**||| ||||**Income**||||||| ||||Event Fundraising & Donations||31,625||25,309||| ||||||||||| ||||Easy fundraising||604||891||| ||||||||||| ||||Other income||-||3,917||| ||||||||||| ||||**Total Income**||**32,229**||**30,117**||| ||||||||||| ||||||||||| ||||**Expenditure**||||||| ||||||||||| ||||**Running Costs**||||||| ||||Event supplies||11,655||5,414||| ||||Insurance (Parentkind)||140||128||| ||||Charity Donation||26||26||| ||||||**11,822**||**5,568**||| ||||||||||| ||||**Charitable Expenditure - School Funding**||||||| ||||||||||| ||||Bookcase Y1-Y6||1,800||0||| ||||Books Y1-Y6||5,000||0||| ||||PE equipment||1,000||0||| ||||Trim Trail equipment||3,440||0||| ||||||||||| ||||Xmas Cards||1,382||0||| ||||||||||| ||||||||||| ||||Other||-||12,245||| ||||||||||| ||||||||||| ||||||**12,622**||**12,245**||| ||||||||||| ||||**Total Expenditure**||**24,444**||**17,813**||| ||||||||||| ||||**Net Surplus / (Deficit)**||**-**
**7,785**||**12,304**||| ||||||||||| |**Balance Sheet as at 31 March 2023**|| |---|---| ||**2023**
**2022**| ||**£**
**£**| |**Assets - Cash at Bank & In Hand**|| |Bank Statement balance on 31 March|40,118
19,093| |PayPal balance on 31 March|-
652| |**Total Assets at 31 March**|**40,118**
**19,745**| ||| |**Liabilities at 31 March**|**(14,453)**
**(357)**| ||| |**Net Assets at 31 March**|**25,665**
**19,388**| ||| |**Unrestricted Reserves as at 31 March**|**25,665**
**19,388**| ||| |**Income & Expenditure for the year ended 31 March 2023**|**Income & Expenditure for the year ended 31 March 2023**| |---|---| ||| ||**2022/23**
**2021/22**| ||**£**
**£**| |**Income**|| |Event Fundraising & Donations|31,625
25,309| ||| |Easy fundraising|604
891| ||| |Other income|-
3,917| ||| |**Total Income**|**32,229**
**30,117**| ||| ||| |**Expenditure**|| ||| |**Running Costs**|| |Event supplies|11,655
5,414| |Insurance (Parentkind)|140
128| |Charity Donation|26
26| ||**11,822**
**5,568**| ||| |**Charitable Expenditure - School Funding**|| ||| |Bookcase Y1-Y6|1,800
0| |Books Y1-Y6|5,000
0| |PE equipment|1,000
0| |Trim Trail equipment|3,440
0| |Xmas Cards|1,382
0| ||0| ||0| ||0| |Other|-
12,245| ||-| ||-| ||**12,622**
**12,245**| ||| |**Total Expenditure**|**24,444**
**17,813**| ||| |**Net Surplus / (Deficit)**|**7,785**
**12,304**| ||| ||||||||||| |---|---|---|---|---|---|---|---|---|---| ||||**Balance Sheet as at 31 March 2023**||||||| ||||||**2023**||**2022**||| ||||||**£**||**£**||| ||||**Assets - Cash at Bank & In Hand**||||||| ||||Bank Statement balance on 31 March||40,118||29,487||| ||||PayPal balance on 31 March||-||2,739||| ||||**Total Assets at 31 March**||**40,118**||**32,226**||| ||||||||||| ||||**Liabilities at 31 March**||**(14,453)**||**(534)**||| ||||||||||| ||||**Net Assets at 31 March**||**25,665**||**31,692**||| ||||||||||| ||||**Unrestricted Reserves as at 31 March**||**25,665**||**31,692**||| ||||||||||| CHARITY MMISSION Independent examiner's report on the accounts Report to the trusteesl members of On accounts for the year ended 31 /G&/i￿.L) Charity no (if any) [lo180& Set out on pages I report to the trustees on my examination of the accounts of the above charity ("the Trust") for the year ended Responsibilities and basls As the charity's trustees, you are responsible for the preparation of the 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 examiner's rrhe charity's gross income exceeded £250,000 and l am qualified to 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 Charibes (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: 29 Is/iLt Name: Relevant professional qualification(s) or body (if any): CIM IER Oct 2018 Address: 11 r)J&•JNpGfv Onty C￿nplete rf exaTiner [￿e(IS to h￿NIght materi81 matter3 of concem (see CC32. Irths￿dent examination of chanty acC￿nts. direCti￿S and gUMdan￿ f(x examwws). Glve here brlef details of arry items that the examiner wishes to disclose. IER Oct 2018