2023-07-31-accounts

Friends of Saint Nicholas School (Old Harlow) Annual Report for the 2022-23 Fiscal & Academic Year

1 Objectives & Activities

The Friends of Saint Nicholas School (The Friends) aim to raise funds to supplement and advance the education of pupils at Saint Nicholas School, Old Harlow (the School), both in terms of (i) non-essential but beneficial facilities and/or equipment that might otherwise not be accommodated by the School’s budget in that year and (ii) fostering a greater sense of community amongst students, staff, and parents through engaging experiences that bring everyone together in an extracurricular, recreational environment.

Throughout the year, The Friends host a variety of fundraising activities primarily around UK holidays including Halloween, Bonfire Night, Christmas, Mothers Day and Fathers Day. The Friends also provide food and refreshments at the School’s Sports Day and ISA sporting events as well as hosting a Summer Fayre. The Friends largest event is a Summer Ball that is held annually to celebrate the year’s achievements and mark the end of School with Parents and that year’s Y11 Leavers. Throughout the school year The Friends also run a Uniform Resale Shop that provides gently used uniforms and sports kit at highly discounted prices. General fundraising is passively undertaken via EasyFundraising.

The trustees affirm that they have complied with the duty in section 4 of the 2006 Act to have due regard to guidance on public benefit published by the Commission

2 Achievements & Performance

Over the course of the 2022-23 academic year, The Friends raised a total of £14,725 from 10 events as well as their Uniform Shop and general fundraising efforts. One of the most anticipated and enjoyed School and broader community events hosted by The Friends is their annual Bonfire and Fireworks Night that takes place near the start of the school year. This year’s event was no exception. It was very well attended and generated £2,600. The Friends flagship event takes place at the close of the year, their annual Summer Balll. This was also a resounding success and generated almost £4,500.

The organisations’ one significant disappointed surrounded the annual Christmas Fayre. The inflatables vendor cancelled unexpectedly which resulted in all ticket sale monies needing to be refunded back to parents. The organisation was relieved to have still turned a profit from its food sales despite this setback.

The Friends introduced a new and highly profitable Film Night that was very much enjoyed by the Lower School. Given the success of this event and the sizeable donation of a new, very large, flat screen TV to the School, it is anticipated that this will be the first of many such evenings for the children to enjoy.

This was also the first full year of operation for the Uniform Resale Shop. It has proven to be very popular with parents and has generated over £2,900, surpassing all individual event contributions with the exception of the Summer Ball.

For more details on all of The Friends achievements, please see the Statement of Financial Activity and accompanying Notes.

3 Financial Review

The Friends hold no statutory level of reserves, no material funds have been designated or set aside for future expenditure and there are no fund deficits. All funds are unrestricted.

Friends of Saint Nicholas School (Old Harlow)

Trading Activities: Income Halloween Disco 1,015 Bonfire Night 4,310 Christmas Sale 1,877 Christmas Fayre 3,735 Mothers Day Sale 1,636 Fathers Day Sale 1,713 Film Night 788 Sports Day 2,188 Summer Fayre 3,276 Summer Ball 19,880 Uniform Shop 3,033 General Fundraising 1,742 Total from Raising Funds 45,191 Expenditure on Charitable Activies: Donations to St Nicks Other Charitable Donations Student/ Staff Support Total from Charitable Activites Net Income/ Expenditure 45,191	Expenditure (204) (1,703) (858) (3,513) (627) (1,245) (118) (586) (2,362) (15,423) (129) (3,699) (30,466) (16,114) (558) (522) (17,193) (47,659)	Profit/ (Loss) 811 2,607 1,020 222 1,009 468 669 1,602 914 4,457 2,904 (1,958) 14,725 (16,114) (558) (522) (17,193) (2,468)	Notes:
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Notes:

The Friends host a variety of fundraising events to support the school and foster a greater sense of community amongst the students, parents and staff. Any charitable donations to the school are made at the request and with the approval of the Board of Governors.

1. The organisation was disappointed by a vendor not arriving with the agreed entertainment which resulted in a refund of all ticket amounts to parents.

2. All purchases were expensed in year resulting in a lower than customary net profit but will be sold in subsequent years

3. All sales are generated from donated/ used uniforms, PE kit, school bags and other related items

4. Income from Easy Fundraising. Expenses for dedicated mobile phone, accounting software, other equipment & multi-use supplies to support events

5. Sizeable donation of a large screen TV and playground equipment for the lower school

6. Donation of £500 made to Parenting Mental Health in addition to other smaller donations

7. Staff gifts, Christmas crackers, Easter Eggs, snacks and drinks at ISA sporting events, theatre outings, etc. A donation of chocolate eggs was made in this year resulting in a much lower than usual expenditure at Easter.

Statement of Financial Activity

Friends of Saint Nicholas School (Old Harlow)

Changes in Cash Flow Halloween Disco Bonfire Night Christmas Sale Christmas Fayre Easter Mothers Day Sale Fathers Day Sale Film Night Sports Day Summer Fayre Summer Ball Uniform Shop Changes to Cash/ Float Donations to St Nicks Charitable Donations Student/ Staff Support General & Admin Expenses Total Assets: Opening Balance Change from Current Activities Increase in Prepaids/ Deposits Notes: Year End Balance Total Assets as at 31/07/23	Bank 811 447 (752) (1,471) (63) (617) (1,175) (20) 237 840 3,077 2,300 13,283 (16,114) (558) (459) (1,949) (2,182) Bank 25,134 (2,182) (1,699) 21,253	Cash Float 2,160 1,772 1,693 1,626 1,643 690 1,365 74 1,380 605 (13,283) (8) (286) Cash 582 (286) - 296	Profit/ (Loss) 811 2,607 1,020 222 (63) 1,009 468 669 1,602 914 4,457 2,904 - (16,114) (558) (459) (1,958) (2,468) Prepaids 570 1,699 2,269 23,818	Notes:
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1. Amount in cash expense is unexplained variances to cash

2. Deposits made to reserve venues and entertainment for events

Cash Flow and Assets

Independent Examiner's Report on the Accounts Friends of Saint Nicholas School (Old Harlow) For the 2022-23 Fiscal & Academic Year Responsibilities and basis of rèport I report to the trustees on my examination of the accounts of The Friends of Saint Nicholas School Iold Harlow), Charity Number 112670, for the year ended 3110712023. As the charity's trustees, you are responsible for the preparation of the accounts in a¢¢ordan¢e with the requirements of the Charities Act 2011 I'lhe Acfl. I report in respect of my examination of the accounts carried out under section 145 of the 2011 Act and in carrying Dut my examination. I have followecl all the applicable Directions givan by the Charity Commission under section 14515llbl of thè Act to the best of my knowledge and ability. Indèpendent examinerfs statement The charity's gross income DOES NOT exceed £250,000 and, as such, l am qualified to Ljndertake the examination. I have completed my examination. I confirm that no material matters have come to my attention in ¢onne¢tion with the examination which gives me ¢ause to believe that in, any material respect.. the accounting records were not kept in accordance with section 130 of the Char(ties 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 sel out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'lrue and fail view which is not a matter conside￿d as part of an independent examination. I have no concerns and have come across no other matters in connection with the ex8min8tion lo which attention should be drawn in this report in order lo enable 8 proper understanding of the accounts lo be reached. Signed: Date: Name.. Yvette Mardel Bursar. Saint Nicholas School Rèlevant professional qualificationl51 or body lif any): Saint Nicholas School (Old Hadowl Hobb5 Cross Road Old Harlow Essex CM17 ONJ Address: