**THE FRIENDS OF OUR LADY OF VICTORIES** _**ANNUAL GENERAL MEETING 24 SEPTEMBER 2024**_
## **TREASURER’S REPORT (2023 - 2024) / SUMMARY OF ACCOUNTS**
FOLV’s total Opening Balance was £64,980.28 as at 1[st] of September 2023 and total Closing Balance was £51,313.54 as at 31[st] of August 2024.
- Income
FOLV raised a total of **£46,589.39** last year. This is £7,193.61 lower than the previous year and reflects a continued reduction in the amount of regular giving from parents.
**59% of FOLV** revenue came from **parental donations, employer matching and Gift Aid** (71% in 2022/2023). Parental donations have decreased by over £4,000 since last year and we are in urgent need of new regular donors.
**40%** of FOLV revenue came from events last year. The overall profit per event has remained relatively steady year on year; but this reflects the declining strength of donation.
The remaining **1%** of income came from Easy Fundraising and bank interest.
## **Profit per event:**
- The **Silent Auction** was the most profitable event (£4,268 raised last year), however the suite of **Christmas events** (the Secret Room, Christmas Cards and Christmas Goods) also raised £3,269 collectively.
- The **Summer Fair, Summer Party** and **Bingo Night** were also important sources of income (Profit of £1,601, £1,436 & £970 respectively). Last year we held our first ever **Art Exhibition** , which raised £780 on the night but was also a significant source of donations (over £500) on the night.
## Expenditure
The costs of running FOLV are minimal (other than expenses related to events included in the profit above) and comprise bank fees and insurance **.**
Following a small number of years where FOLV was not able to fund much expenditure for the school, this has changed and our reserves reduced by £13,667 as we funded a number of different areas of expenditure.
For the past few years, FOLV has been giving a grant of £30k to fund smaller items to support the running of the school. Funds for 2023/2024 have been paid and are allocated as follows:
|the running of the school. Funds for 2023/2024 have been paid and are allocated as|follows:|
|---|---|
|Classroom Enrichment
Books and Materials
Music Provision
Subscriptions
Yet to be allocated|**£**
4,138
8,010
8,448
9,245
158|
||30,000|
In addition, to the grant above, FOLV funded the following items and activities in the school year 2023/2024:
|Coaches
Thank you cake
School Discos
Recarpeting Areas affected by Wall
School Cinema trip
First Communion Ice Creams
Support for Y6 leavers party
Classroom enrichment funded by proceeds from Cake Sales|**£**
10,454
105
523
11,626
1,013
200
100
1,977|
|---|---|
||25,998|
The accounts have been independently examined by Marie-Laure Parker and, if approved by the Annual General Meeting, will be filed with the Charity Commission.
## **AGM OF FOLV /** _**TREASURER’S REPORT**_
## **PROFIT & LOSS ACCOUNT**
## **Friends of Our Lady of Victories**
## **Profit and Loss Account 1 September 2023 - 31 August 2024**
||**2023/2024**||**2022/2023**||
|---|---|---|---|---|
||£||£||
|**Income**|||||
|Donations|14,734||19,408||
|Employer Matching|3,502||7,539||
|Amazon Smile/Easy Fundraising|411||916||
|Gift Aid|9,286||11,501||
|Bank Interest|165||115||
|||28,098||39,479|
|**Profit from Events/Sales**|||||
|Cake Sales|1,984||2,020||
|Bingo Night|970||1,302||
|Christmas Cards|478||787||
|Christmas Goods|1,349||1,019||
|Secret Room|1,443||1,217||
|Art Exhibition/Challenge Night|780||260||
|Silent Auction|4,268||5,103||
|Summer Party|1,436||1,507||
|Summer Fair|1,601||1,099||
|Goods sales|245||(519)||
|Other events|||510||
|||14,552||14,304|
|**Expenses**|||||
|Bank Fees|(166)||(222)||
|Insurance|(153)||(140)||
|||(319)||(362)|
|**Net Income from Activities**||42,331||53,421|
|**Disbursements to School**||(55,998)||(49,810)|
|**Net increase in Funds**||(13,667)||3,611|
**AGM OF FOLV /** _**TREASURER’S REPORT**_
## **2) CHARITIES COMMISSION FILING**
## **SUMMARY OF ACCOUNTS 1st Sep 2023- 31st Aug 2024**
|**SUMMARY OF ACCOUNTS 1st Sep 2023- 31st Aug 2024p 2023- 31st Aug 2024 2023- 31st Aug 2024g 2024 2024**|**SUMMARY OF ACCOUNTS 1st Sep 2023- 31st Aug 2024p 2023- 31st Aug 2024 2023- 31st Aug 2024g 2024 2024**|
|---|---|
|||
|**FOLV Summary of Income and Expenditure**||
|**FOLV Summary of Income and Expenditure**||
|OpeningBalance CAF Bank|64,929.28|
||-|
|Cash in hand|51.00|
|**Total Opening Balance**|**64,980.28**|
|||
|**Income**|**2023/2024**|
|Merchandise/book sales|244.90|
|Bank Interest|165.01|
|Cake Sales|1,983.60|
|Christmas Cards|477.81|
|Christmas Products|1,348.80|
|Easyfundraising/Amazon Smile|411.33|
|Gift Aid|9,285.89|
|Parental Donations|14,733.64|
|Parental Donations - Employer Matchingonly|3,501.74|
|Bingo Night|1,272.01|
|Art Exhibition|1,384.50|
|Recipe Books||
|Secret Room|1,442.70|
|Silent Auction|4,345.00|
|Silent Auction Dinner|600.00|
|Summer Fair|2,391.46|
|Summer Party|3,001.00|
|**Total Income**|**46,589.39**|
|||
|**Expenses/Disbursements**|**2023/24**|
|CentenaryMerchandise||
|BankingExpenses|166.06|
|Christmas Products||
|FamilyFun Day/ Sponsored Walk Expenses/ School Disco||
|FOLV Insurance|153.00|
|OLV - Classroom Equipment & Enrichment|1,976.60|
|OLV - Securitysystem,Buildingwork,Fixtures & Fittings|11,625.90|
|OLV - Entertainment(Childrens' Disco/Parties Expenses/Coaches)|12,295.05|
|OLV - funds transferred notyet spent|30,000.00|
|Quiz Night/ Bingo Night|301.72|
|Art Exhibition|604.74|
|Recipe book costs||
|Silent Auction|177.28|
|Silent Auction Dinner|500.00|
|Summer Fair|790.74|
|Summer Party|1,565.04|
|Year 6 Leavers Subsidy|100.00|
|**Total Disbursements/Expenses**|**60,256.13**|
|||
|**Closing Balance**|**51,313.54**|
|||
**SUMMARY OF ACCOUNTS 1st Sep 2023- 31st Aug 2024**
**----- Start of picture text -----**
FOLV Summary of Income and Expenditure
FOLV Summary of Income and Expenditure
Opening Balance CAF Bank 64,929.28
Cash in hand 51.00
Total Opening Balance 64,980.28
Income 2023/2024
Merchandise/book sales 244.90
Bank Interest 165.01
Cake Sales 1,983.60
Christmas Cards 477.81
Christmas Products 1,348.80
Easyfundraising/Amazon Smile 411.33
Gift Aid 9,285.89
Parental Donations 14,733.64
Parental Donations - Employer Matching only 3,501.74
Bingo Night 1,272.01
Art Exhibition 1,384.50
Recipe Books
Secret Room 1,442.70
Silent Auction 4,345.00
Silent Auction Dinner 600.00
Summer Fair 2,391.46
Summer Party 3,001.00
Total Income 46,589.39
Expenses/Disbursements 2023/24
Centenary Merchandise
Banking Expenses 166.06
Christmas Products
Family Fun Day/ Sponsored Walk Expenses/ School Disco
FOLV Insurance 153.00
OLV - Classroom Equipment & Enrichment 1,976.60
OLV - Security system, Building work, Fixtures & Fittings 11,625.90
OLV - Entertainment (Childrens' Disco/Parties Expenses/Coaches) 12,295.05
OLV - funds transferred not yet spent 30,000.00
Quiz Night/ Bingo Night 301.72
Art Exhibition 604.74
Recipe book costs
Silent Auction 177.28
Silent Auction Dinner 500.00
Summer Fair 790.74
Summer Party 1,565.04
Year 6 Leavers Subsidy 100.00
Total Disbursements/Expenses 60,256.13
**----- End of picture text -----**
Closing Balance
51,313.54
CHARITY COMMISSION
FOR ENGLAND ANO WALES
Independent examiner's report on the
accounts
ectlon A
Independent Examlnef8 Report
Report to the trustees
THE F(Zi cwDS OF OLJ£ LAT)y of trlcTOEi&S
FOLV
On accounts for the year
ended
ijtr Sep
sk
2023_ 31 A
Zol4
Charlty no
(If any)
IILOOSS
Set out on pages
I report to the trustees on my examlnation of Ihe accounls of the above
charity {'the Trust") for the year ended 31108 / ZoZ4
As the charity's trustees, you are responslble for the preparation of the
accounts in accordance with the requirements of the Charilies Act 2011
('the Act.).
Responslbllltles and
basls of report
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 Direclions given by Ihe Charity Commlssion
under section 145(5){b) of the Act.
Independent tr
examlner's statement
I have completed my exarnination. I confirm Ihat no material matters have
come to my attenlion in connection with the examination (olher than that
disclosed below '} which gives me cause lo believe Ihat 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 wilh the accounting records: or
the accounts did not comply with the applicable requiremenls
concerning the form and content of accounts set out in the Charities
(Accounls and Reports) Regulations 2008 other than any requirement
Ihat the accounts give a 'true and fair, view which is not a matter
considered as part of an independent examinatlon.
I have no COnrnS and have come across no other matters in connectlon
with the examination lo which attention should be drawn in thls report in
order to enable a proper underslanding of the accounts to be reached.
Please delete the words in the brackets if they do not apply.
Signed:
Date:
20 109
Loz
Name:
MhRi c. LhURg Ppf£
Relevant professlonal
quallflcatlon{s) or body
FIr+JI4cE / h(cwl iKJ& MhSTEf< T)EG2E& ( UfvJlVEE% ITY ilhRi S
IER
Oct 2018
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(if any):
LX _ +OLV TlichsfCL
l 01 -HOLL)K@DS LAP&
swi
Address:
LOl)Dra
Sectlon BIIIIIIIWDlsclosura
Only complete rf the examiner needs to highlight malerial matters of concern
(see CC32, Independent examination of charity accounts: directions and
guidance for examiners).
Glve here brief detalls of
any Items that the
examlner wlshes to
dlsclose.
IER
Oct 2018
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