George Abbot Parent Teacher Association Trustees, Annual Report and Accounts For the year ended 31 July 2024 Reglstered Churlty No. 1124156 George Abbot School, Woodruff Avenue. Guildford, GUI IXX
George Abbot Parent Teacher Association (Registered Charity No. 11241561 Trustee5' Annual Report for the year ended 31 July 2024 Administrative Infomiation The principal address of the George Abbot Parent Teacher Association I'the PTA") is given on the front page of the Annual Report. Officers of the PTA are elected by the members of the PTA at the AGM or otherwise in accordance with the constitution. During the year the following served as officers of the PTA, positions are those held at 31 July 2024 and at the date of signing these accounts. Name Position Chair Date Joining October 2021 Date Leaving July 2024 Audrey Bean Elected Philip H3rris Chair Joined August 2024 Dusty Weaver Leila Mirshahi Vice Chair Elected October 2021 July 2024 Vice Chair Joined August 2024 October 2Q22 Laura Richards Secretary Elected Tony M3inee Treasurer Elected March 2020 Structurej governance and management The PTA is governed by a constitution modelled primarily on the Charities Commission model. The PTA is administered on a day to day basis by committee "the PTA Committee" The committee is comprised of the officers of the PTA plus other volunteers. All mefflbers of the PTA are eligible and encouraiJed to join the committee. The officers of the PTA are elected at the AGM. If an officer of the PTA resigns during a year then another person may be appointed to the position by the PTA committee to serve until the next AGM. Objective5 and activities To advance the education of pupils in the school in particular by= Developing effective relationships between the staff. parents and others associated with the school and, Engaging in activities or providing facilities/equipment which supports the school and the pupils. Achievements and performance The PTA has met online regularly over the year and held fewer than normal the number of fund-raising events. The PTA has been able to provide sUPPOrt at school events where it was physically possible to do so whilst maintaining the safety of parents and children alike. The financial highlights are given below. George Abbot School, Woodruff Avenue, GuildfoTd, GUI IXX
George Abbot Parent Teacher Association (Reglsteyed Charity No. 1124156} Trustees, Annual Report forthe year ended 31July 2024 Icontinued} Financial Review We are pleased to be able to report another reasonably successful year, generating a net income for the year of £ 11,764 (2023= £ 11,327) before Charitable activities of £ 6,889 (2023: £ 17,0331. Projects: During 2023-24. the PTA agreed to provide funding this year of £ 6.889 for school activities including the amount of £ 6,430 for furniture for the Sixth form common room. Trustee5 During the year the following served as Trustees of the PTA: Philip Grainger Christina Kantartsi Marion Lewis David Clarke Reserve5 All reserves are maintained to support the objectives of the PTA. All reserves are unrestricted. It is the policy of the PTA to niaintain sufficient funds to continue operating - for example it is necessary to be able to Purchase certain items ahead of fund-raising events. This level of reserves is kept under constant review. Declaration The trustees declare that they have approved the trustees, report above. Signed on behalf of the charity's trustees: Phlllp Grainger October 2024 David Clarke 1 Ik October 2024 George Abbot School, Woodruff Avenue. Guildford, GUI IXX
George Abbot Parent Teacher Association (Reglstered Charity No. 1124156) Statement of Financial Activities {"SOFA"} For the year ended 31 July 2024 2024 2023 [¥nrestricted funds] Note Income from: Donations and legacies Charitable actiiiities Othei income 1.564 76,872 423 140 9a,229 199 Total income 78,859 90,568 Expenditure on: Raising funds Charitable activittes Othor expenditure 166,649) {6,889) 1446} (78,9401 117,0331 13011 Total 173.984> 196,2741 Net income/ldeficit) 4.875 15,7061 Transfers between funds Net movement in funds 4,875 £ 15,706) Rec nciliation of funds Total funds brought forward 4,875 25,141 Total funds carrled fonvard £ 24,310 £ 19,435
George Abbot Parent Teacher Association (Registered Charity No. 1124156) Balance sheet As at31 July 2024 2024 2023 Note [unrestricted funds] Current assets Debtors Cash at bank and in hand 265 20,694 24.310 24,310 20,959 Current liabilitles Creditors: amounts falling due within one year (o} (1,5241 Net current assets 24,310 19,435 NET ASSETS £ 24,310 £ 19,435 FUNDS unre.stricted 24,310 19,435 £ 24.310 £ 19,435 Approved by the Trustee5 and signed on their behalf bv: Philip Grainger 11& October 2024 David Clarke October 2024
George Abbot Parent Teacher Association (Registered Charity No. 1124156) Cash flow statement Forthe year ended 31 July 2024 2024 2023 Note Cash flows from operating activities". Net cash from operating activities 1,629 14.458) Net cash from o eratin activities 1.629 (4.458) Cash flow from inyesting activities: Interest received 423 Net cash rovided b investin activities 423 198 Cash flow from financing activities: Receipt from donation5 140 Net cash rovided b financin activtties 1.564 140 Net increase in cash and cash equivalents 3,616 14,120) Cash and Cash equivalents at the beginning of the year 20,694 24.814 Cash and Cash equivalents at the end of the year 24.310 20,694
George Abbot Parent Teacher Association (Registered Charity No. 1124156) Notes to the accounts For the year ended 31 July 2024 Accounting policies rhe Account5 have been prepared in accordance with applicable accounting standards and the Charities SORP IFRS 102}. There have been no changesto the accounting policies since last year. No changes have been madeto the accounts for the previous year. The Accounts have been prepared under the historical cost convention and on a going concern basis. There are no Inaterial uncertainties about the charittys ability to continue. Funds The PTA records income and expenditure by activity, each is trdcked as a separate fund. None of these funds are for a designated purpose or restricted in any way and so are shown here a5 a single fund. An analysis of the funds is shown for information onlv. The accounts include all transattions, assets and liabilities for which the PTA is responsible. Incoming resources I ncome from fund raising activitie5 is reco8nised on an accruals basis. Income received in advance of a fund-raising event is only recognised after the event has happened. Donatio ns are recognised when there is an unconditional entitlement to the resources. Incornin8 resources from tax claims are included in the SOFA at the same time as the gift to which they relate. Sainsbury scheme The PTA is a customer of Argos Busine55 Solutions Limited which allows the PTA to enable scheme members to utilise their Sainsbury gift card by funding the PTA on a monthly basis and then expendin8 the funds available on their respective gift card. The PTA earn an income of 4% of the gross funds from this scheme. The PTA account5 &r055 UP the amounts tur)ded by the scheme members and the invoices settled by the PTA in Income and Expenditure respectively in the Statemerlt of Financial Activities. Other income I ntÈrest income is recosniced when it i* reccivablc. Cash at bank represents amounts held in the PTA bank accounts at the bank. Liability recognttion Liabilitie5 are recognised as 500n as there is a legal or constructive obligation committing the charity to pay out the resources. They are measured as the settlement amount due after any discounts. Debtor measurement Debtor5 are measured at the settlement amount due after any discounts.
George Abbot Parent Teacher Association (Registered Charity No. 1124156) Notes to the accounts For the year ended 31 July 2024 2024 2023 Debtors Other debtors 265 Creditors: amounts falltng due within one year 2024 2023 T3K and social security (HMRCI Other creditors 1,524 1,524 All creditors are paid after the year end. Analysis Qf fund5 Opening Balance l August 2023 Closing Balance 31 July Z024 Net movement Transfers/ Donations Ur*.restricted funds 19.435 4,875 101 24,310 None of these funds are held for any specific purpose. Related party transactions No amounts were paid to the independent examinerof these financial statements. NoDe of thetrustees have been paid any remuneration oi. receÈved any benefits from an employment with the charity. No trustee expenses have been incurred. There were no related party transactions in the reporting period that require disclosure. Net cash from opèrating actlvltlÈs 2024 2023 Net revenue for the reporting period Adjustments for: Donations received Inierest receivea (Increaselldecrease in debtors Increase/ldecreasel in creditors 4,875 15,7061 {1,564) 1423) 265 {1.5241 (140) {1981 474 1,112 Net cash from operating activities 1,629 14.4581
George Abbot Parent Teacher Association {Regtstered Charity No. 1124156) Account5 for the year ended 31 July 2024 Independent Exominer'5 report to the Trustees of George Abbot Parent Teacher Association I report on the accounts of the George Abbot PTA for the year ended 31 July 2024, which are set out on pages 4 to 8. Respertive Re5ponslbilitles ol the Trustees and the Examiner The charity's trustees are responsible for the preparation of the accounts, The charity's trustees consider that an audit is not required for this year under section 144121 of Ihe Charlties Act 20111"the 2011 Act") and that an independent examination is required. It is my responsibility to- examiiie the accounts under section 145 of the 2011 Act, to follow the procedure5 laid down in the general Directions given by the Charity Commission under section 145151{b) of the 2011 Act. and to state whether particular matters have come to my attention. My examination was carried out in accordance v41th general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disc105ures in the a-counts and seeking explanations from the trustoes concerninE any such matters. The procedures underiaken do not provide all the evidence that would be required in an audit, and consequently no opinioii is giveii as to whetlier the accounts present a 'true and fairf view 4nd the report is lim,ted to those matters Set out in the statement below. Independent Examiners Statement In connection with my examination, no matter h35 come to my attention: l. which gives me reasonable cause to believe th3t in, any materi31 respect, the requirements= • to keep accoLtntlnE records in accordance with section 130 of the 2011 Act. ond to prepare accounts which accord with the accouiitino records and comply with the accounting requirements of the 2011 Act have not been met: or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accc>unts to be reached. October 2024 V E Cazalet, FCA, 53 Matlock Lane, Ealing, London W13 9LA George Abbot School, WoodNff Avenue, Guildford, GUI IXX