2023-07-31-accounts - Burlington Schools Association

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Burlington Schools Association aka Burlington PTA

Financial report for AGM

Date tbc

This is the financial report for the Burlington Schools’ Association charity, for the financial year ended 31 July 2023

The cash fund brought forward from the 2021-2022 financial year, as at 1 August 2022 was: £48,093.37

[represented by £37,222.53 (current a/c), £3,078.84 (deposit a/c), £7,762 (BINS voluntary contribution account) and £30 (cash)]

£49,031.72 was raised overall last year: circulating is a breakdown of how much each event raised
£15,160.07 of expenses were paid overall last year: circulating is a breakdown of how much each event cost

Funds paid from the BSA Account in this financial year to each school comprises of the following:

£1,700 paid to Infants for classroom contributions
£7,762 paid to Infants from 2021-2022 voluntary contributions account
£1,836.63 paid to Infants from HMRC Gift Aid claim
£16.66 paid to Infants for LED Lights for BGT
£600 paid to Juniors for the Southsea school trip
£380 paid to Juniors for the Year 6 Leavers disco
£676.20 paid to Juniors towards the Authors Aloud visit
£1,140 paid to Juniors towards the ICT Suite refurbishment

The total payments made to the Schools therefore were: £14,111.49

The accounts will be independently examined as the charity’s income was in excess of £25,000; this is a requirement of the Charities Commission.
The cash fund carried forward to the current financial year as at 31 July 2023 is £66,715.91:
£56,982.69 current a/c
£3,103.22 deposit a/c
£6,600 BINS 2022-2023 voluntary contributions account
£30 cash

2022-2023 Financial Year – Outstanding Payments

There is a total of £521.16 in outstanding expenses from the colour run to be paid

2022-2023 Financial Year – Outstanding Deposits

£250 Ivy Gate sponsorship went into the account after the end of the financial year

Introduction of an Expenses Cap

The BSA Committee would like to introduce an expenses cap to better manage the costs of running events. We propose a requirement for committee agreement on any expenses likely to exceed £150 by an individual for a single event

Financial Position of each School at the end of 2022-2023 financial year

Burlington Infant & Nursery School (BINS)

Available funds as at 1 August 2023 was £15,941.01 plus 2021-2022 voluntary contributions
Funds paid to BINS as at 31 July 2023 was £1,716.66 plus 2021-2022 voluntary contributions and gift aid claim
Remaining balance as at 31 July 2023 is £14,224.35

Burlington Junior School (BJS)

Available funds as at 1 August 2023 was £17,509.01
Funds paid to BJS as at 31 July 2023 was £2,796.20
Remaining balance as at 31 July 2023 is £14,712.81

Funds available to spend 2023-2024

Current Account Balance £56,982.69 minus outstanding payments £521.16 minus buffer £2,000 = £54,461.53
Deduct 2022-2023 BINS remaining balance of £14,224.35 and BJS remaining balance of £14,712.81 = £25,524.37
This leaves £12,762.18 per school

Financial Position of each School at the start of the 2022-2023 financial year

----- Start of picture text -----
BINS BJS
2021-2022 balance carried forward £15,941.01 £17,509.01
2022-2023 spend £1,716.66 £2,796.20
Balance £14,224.35 £14,712.81
2023-2024 new funds £12,762.18 £12,762.18
Total £26,986.53 £27,474.99
----- End of picture text -----

Trustees: Philippa Utting Su Yay-Walker Sally Henderson Zoe McKinnon Amanda Ferebee

Bankers: NatWest plc 93 Central Road Worcester Park KT4 8DZ

Burlington Schools Associaton (BSA) PTA Accounts

Statement of Financial Actvites as at 31st July 2023

Income from: Donatons Fundraising Other (Gif Aid and interest) Total Expenditure on: Raising funds School projects and equipment Total Net movement in funds Total funds brought forward Total funds carried forward	Unrestricted Funds Restricted Funds £ £ 13,532 - 31,472 - 1,861 -
	46,864 - 14,130 - 14,111 -
	28,242 -
	£18,623 - 48,093 -
	66,716 -

Balance Sheet as at 31 July 2022 Cash at bank and in hand Petty cash Total Net Assets Total Charity Funds

These accounts were approved by the Committee on ______ and s

…………………………………………..

Chair of Burlington School PTA

………………………………………….. Treasurer of Burlington School PTA

Total Funds £ 13,532 31,472 1,861 46,864 14,130 14,111 28,242 £18,623 48,093 66,716 £ 66,686 30 66,716 66,716	2022 £ 12,585 27,282 1,566
	41,433 7,777 36,497
	44,274
	(£2,841) 50,934
	48,093
	£ 48,063 30
	48,093

	48,093

igned on its behalf by:

Independent examiner's report to the trustees of Burlington Schools Association I report to the trustees on my examination of the accounts of Burlington Schools Association for the year ended 31" July 2023. Responsibilities for the basis of the report As the charity trustees of Burlington Schools Association you are responsible for the preparation of the accounts in accordance with the requirements of the Charitr'es Act 20111"the Act"). I report in respect of my examination of the Trust's accountg carried out under sethon 145 of the 2011 Act and in carrying out my examination I have followed all of the applicable Directions given by the Charity Commission under section 14515llbl of the Act. Independent examiner's report I have completed my examination and I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. l. Accounting records were not kept in respect of the Trust as required by section 130 of the Act,. or 2. the accounts do not accord with those records,. or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities IAccounts 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. On the basis of the documentation and clarifying information provided by the Treasurer, l am happy to confirm that I consider that these P&L accounts show a true and fair view of the financial position at year end July 2023. 1 have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report to enable a proper understanding of the accounts to be reached. Signed.. Anna Ferguson-Rhodes ACA IICASI 28 Surbiton Hill Park Surbiton KT5 8ES 22. April 2024