000000Confidential# ## **CHURCHFIELDS PARENT TEACHER ASSOCIATION** ## **REPORT OF THE TRUSTEES** ## **for the year ended 31 July 2024** The trustees present their report with the financial statements of the charity for the year ended 31 July 2024. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005. ## **REFERENCE AND ADMINISTRATIVE DETAILS** ## **Registered Charity number** 1104032 ## **Principal address** CHURCHFIELDS INFANT SCHOOL CHURCHFIELDS LONDON E18 2RB ## **Trustees** Mitra Webster Sharonjeet Matharu ## **Independent Examiner** To be appointed ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity. ## **Organisational structure** The day to day operation of the charity is controlled and managed by the trustees. The trustees allocate funds to the school as and when requested. ## **Risk management** The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. OOOOOOConfidential# 000000Confidential# ## **CHURCHFIELDS SCHOOL PTA** ## **REPORT OF THE TRUSTEES** ## **for the year ended 31 July 2024** ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** The object of the charity is to provide financial support to Churchfields Infants School and Churchfields Junior School, to advance the education of the pupils in the school, in particular by: 1. Developing effective relationships between staff, parents and others associated with the school; and 2. Engaging in activities or providing facilities or equipment which supports the school and advances the education of the pupils. ## **ACHIEVEMENT AND PERFORMANCE** ## **Charitable activities** The period proved to be very challenging in terms of money raised, as well as donations paid. ## **FINANCIAL REVIEW** ## **Reserves policy** The trustees have established the level of reserves (that is those funds that are freely available) that the charity ought to have. Reserves are needed to bridge the funding gaps between spending on charitable activities and receiving resources through fund raising activities and donations. The trustees consider that the ideal level of reserves as at 31 July 2024 should be £10,000. The actual reserves as at 31 July 2023 were £44,879.72 which is £34,879 above target. These reserves are available for distribution to the schools in the preceding period as and when required. ## **FUTURE DEVELOPMENTS** The charity will continue to increase reserves through fund raising events. ## **PUBLIC BENEFIT REPORT** The board have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the aim and objectives and in planning the charity's future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives set. ## **ON BEHALF OF THE BOARD:** Mitra Webster - Treasurer OOOOOOConfidential# 000000Confidential# ## **CHURCHFIELDS PARENT TEACHER ASSOCIATION** ## **STATEMENT OF FINANCIAL ACTIVITIES** ## **for the year ended 31 July 2024** |2024
Unrestricted
funds
Notes
£
**INCOMING RESOURCES**
**Incoming resources from generated funds**
Activities for generating funds
27,597
Investment income
-
**Total incoming resources**
27,597
**RESOURCES EXPENDED**
**Charitable activities**
Miscelleneous expenses
838
Provide financial support to Churchfields Infant School and Churchf
12,674
**Governance costs**
-
**Total resources expended**
13,512
**NET INCOMING / (OUTGOING) RESOURCES**
14,085
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
30,795
**TOTAL FUNDS CARRIED FORWARD**
44,880|2023
Unrestricted
funds
£
9,132
-| |---|---| ||9,132
29,718
-| ||29,718| ||(20,586)
51,381| ||30,795| Result of year's fundraising Gifts to schools & other outgoinngs income minus outgoings Total balance we started the year with End position for the year |Bank balance on 01/08/23|29070.69| |---|---| |Cash at home on 01/08/23|1,724| ||**30795.15**| |Income|| |Net income from fundraising events|**27582**| |Outgoings|| |Gifts to Juniors|-5875| |Gifts to Infants|-6799| |Miscellaneous expenses|-838| ||**-13512**| |Additional £15 unaccounted for|15| ||**44880.15**| The notes form part of these financial statements 000000Confidential# ## **CHURCHFIELDS PARENT TEACHER ASSOCIATION** ## **NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 July 2024** ## **1. ACCOUNTING POLICIES** ## **Accounting convention** The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standards for Smaller Entities (effective April 2008), the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities. ## **Incoming resources** All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. ## **Resources expended** Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs relating to each 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. ## **Charitable activities** The cost of charitable activities confirm those incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. ## **Governance costs** Governance costs comprise those costs associated with meeting the constitutional and strategic requirements of the charity and costs linked to the strategic management of the charity. ## **Allocation and apportionment of costs** Overhead and support costs have been allocated first between charitable activity and governance. ## **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. OOOOOOConfidential#