REGISTERED CHARITY NUMBER: 1144668
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2022
for
WIMBLEDON PARK PRIMARY SCHOOL PTFA
Ark Accountancy Chartered Certified Accountant 31 Cheam Road Epsom Surrey KT17 1QX
WIMBLEDON PARK PRIMARY SCHOOL PTFA
Contents of the Financial Statements for the Year Ended 31 March 2022
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | ||
| Notes to the Financial Statements | 7 | to | 10 |
| Detailed Statement of Financial Activities | 11 |
WIMBLEDON PARK PRIMARY SCHOOL PTFA
Report of the Trustees
for the Year Ended 31 March 2022
The trustees present their report with the financial statements of the charity for the year ended 31 March 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
To generate income by organising and running events at WPPS with the purpose of raising additional funds for the school to enhance the educational life of the children that attend the school.
Significant activities Summary of events during 2021/2022
School donations and fundraising netted = £1,869.36
Events resulted in £5,538.16 net income - with various events held e.g. Monster Disco Oct'21; Quiz night in Nov'21; annual Christmas fair 5th Dec'21; a Bingo night Feb'22. This amount includes £1,800 that is thanks to the sponsorship of petras properties that pay for each estate agent board that advertises the WPPS fairs.
The Year 6 leavers merchandise like hoodies and yearbooks brought in around £1,370.84
The 2nd hand school uniform sale is very popular and profitable - along with tuck shop, lolly and book sales this generated £3,337.67
Small Business Hub was established and held it's first meeting on 04th Mar'22.
The PTFA AGM was held on 25th Mar'22 and a cheque donation of £15,000 was handed over to the school [not yet cashed, will be in next years' accounts]. "
Volunteers
The trustees run WPPS PTFA with help from other parents and teachers at the school. All trustees and volunteers give their time voluntarily and received no remuneration or other benefits.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
Caution around socialising indoors and ongoing lockdowns continued to impact fundraising activities, however an emphasis was placed on holding events outdoors where possible.
Jumble Trail - Summer 21
This was held across the catchment area of the school in people's front gardens, with a participation fee charged and a map to sales locations provided - it created a nice social buzz!
Monster Disco - October 21
By October, restrictions had eased enough to enable us to hold the Monster Disco once again! The children were thrilled to be able to be back in the school hall enjoying the dance skills of the DJ!
Parent Quiz - November 21
Always a very popular evening, it was great for everybody to be able to socialise again… albeit in a competitive way!
Christmas Fair - December 21
As we approached another period of restricted socialising, the decision was made to hold a Christmas Fair entirely outdoors. Despite the chilly weather it was a great success and the addition of live music proved hugely popular.
Valentine's Trail - February 22
To keep the children entertained during half term, a trail was put up across front windows throughout the local area.
Tuck sales and second hand uniform sales ran throughout this period either in the playground or in front gardens to enable some steady income.
Page 1
WIMBLEDON PARK PRIMARY SCHOOL PTFA
for the Year Ended 31 March 2022
Report of the Trustees
FINANCIAL REVIEW
Principal funding sources
The charity's principal source of funds is income from our fundraising events (as detailed above). Our main costs are the donations that we give to the school each year £nil but £15,000 paid after the year end (2021 £35,000). Our expenditure for the fundraising events includes the cost of entertainment, food, drink and licenses.
Reserves policy
We release cash to WPPS on an annual basis; this is usually in line with our target fundraising amounts. In this accounting period no donation was released but £15,000 was released after the year end (2021 £35,000) to the school. We aim to hold approximately £3,000 in reserves at the year-end to meet any unforeseen expenditure
FUTURE PLANS
The usual fundraising events will hopefully continue to raise significant amounts of money to further enhance the education of the children at the school.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
The Constitution was adopted on 15 November 2011. The Association consists of approximately 50 members
Charity constitution
The charity is constituted by an Association consisting of approximately 50 members
Recruitment and appointment of new trustees
Trustees are appointed or reappointed annually at the Annual General Meeting held in April
Organisational structure
WPPS PTFA is a members of the PTA UK association that provides the charity with annual insurance
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1144668
Principal address
370 Durnsford Road London SW19 8DY
Trustees
Mrs L Spence Ms A E Jones Chair (appointed 25.3.22) A Jones (appointed 4.1.23)
Independent Examiner
Mary E Ryan FCCA Ark Accountancy Chartered Certified Accountant 31 Cheam Road Epsom Surrey KT17 1QX
Secretary
Taliah Walklett
Page 2
WIMBLEDON PARK PRIMARY SCHOOL PTFA
for the Year Ended 31 March 2022
Report of the Trustees
REFERENCE AND ADMINISTRATIVE DETAILS
Bankers
Barclays plc 16-18 Replingham Road Southfields London SW18 5LS
Approved by order of the board of trustees on 31 January 2023 and signed on its behalf by:
Mrs L Spence - Trustee
Page 3
Independent Examiner's Report to the Trustees of WIMBLEDON PARK PRIMARY SCHOOL PTFA
Independent examiner's report to the trustees of WIMBLEDON PARK PRIMARY SCHOOL PTFA
I report to the charity trustees on my examination of the accounts of WIMBLEDON PARK PRIMARY SCHOOL PTFA (the Trust) for the year ended 31 March 2022.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. 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:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts 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.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Mary E Ryan FCCA Ark Accountancy Chartered Certified Accountant 31 Cheam Road Epsom Surrey KT17 1QX
31 January 2023
Page 4
WIMBLEDON PARK PRIMARY SCHOOL PTFA
Statement of Financial Activities for the Year Ended 31 March 2022
| 31.3.22 | 31.3.21 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| funds | funds | ||
| Notes | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Other trading activities | 2 | 27,378 | 17,116 |
| EXPENDITURE ON | |||
| Charitable activities | |||
| Christmas Events | - | 2,985 | |
| Easter Events | - | 1,080 | |
| Year 6 leavers gifts | 1,371 | - | |
| General | 60 | 40,214 | |
| Other events | 10,298 | - | |
| Total | 11,729 | 44,279 | |
| NET INCOME/(EXPENDITURE) | 15,649 | (27,163) | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 11,432 | 38,595 | |
| TOTAL FUNDS CARRIED FORWARD | 27,081 | 11,432 |
The notes form part of these financial statements
Page 5
WIMBLEDON PARK PRIMARY SCHOOL PTFA
Balance Sheet
31 March 2022
| 31.3.22 | 31.3.21 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| funds | funds | ||
| Notes | £ | £ | |
| CURRENT ASSETS | |||
| Cash at bank and in hand | 27,581 | 12,332 | |
| CREDITORS | |||
| Amounts falling due within one year | 5 | (500) | (900) |
| NET CURRENT ASSETS | 27,081 | 11,432 | |
| TOTAL ASSETS LESS CURRENT | |||
| LIABILITIES | 27,081 | 11,432 | |
| NET ASSETS | 27,081 | 11,432 | |
| FUNDS | 6 | ||
| Unrestricted funds | 27,081 | 11,432 | |
| TOTAL FUNDS | 27,081 | 11,432 |
The financial statements were approved by the Board of Trustees and authorised for issue on 31 January 2023 and were signed on its behalf by:
L Spence - Trustee
The notes form part of these financial statements
Page 6
WIMBLEDON PARK PRIMARY SCHOOL PTFA
Notes to the Financial Statements for the Year Ended 31 March 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the 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.
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.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. OTHER TRADING ACTIVITIES
| OTHER TRADING ACTIVITIES | ||
|---|---|---|
| 31.3.22 | 31.3.21 | |
| £ | £ | |
| Fundraising events | 27,378 | 17,116 |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.
continued...
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WIMBLEDON PARK PRIMARY SCHOOL PTFA
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | ||||||
|---|---|---|---|---|---|---|
| funds | ||||||
| £ | ||||||
| INCOME AND ENDOWMENTS FROM | ||||||
| Other trading activities | 17,116 | |||||
| EXPENDITURE ON | ||||||
| Charitable activities | ||||||
| Christmas Events | 2,985 | |||||
| Easter Events | 1,080 | |||||
| General | 40,214 | |||||
| Total | 44,279 | |||||
| NET INCOME/(EXPENDITURE) | (27,163) | |||||
| RECONCILIATION OF FUNDS | ||||||
| Total funds brought forward | 38,595 | |||||
| TOTAL FUNDS CARRIED FORWARD | 11,432 | |||||
| 5. | CREDITORS: AMOUNTS FALLING DUE | WITHIN | ONE | YEAR | ||
| 31.3.22 | 31.3.21 | |||||
| £ | £ | |||||
| Other creditors | 500 | 900 | ||||
| 6. | MOVEMENT IN FUNDS | |||||
| Net | Transfers | |||||
| movement | between | At | ||||
| At 1.4.21 | in funds | funds | 31.3.22 | |||
| £ | £ | £ | £ | |||
| Unrestricted funds | ||||||
| General fund | 11,432 | 5,148 | (3,663) | 12,917 | ||
| Christmas Events | - | 9,260 | - | 9,260 | ||
| Year 6 leavers gifts | - | 4,904 | - | 4,904 | ||
| Other events | - | (3,663) | 3,663 | - | ||
| 11,432 | 15,649 | - | 27,081 | |||
| TOTAL FUNDS | 11,432 | 15,649 | - | 27,081 |
continued...
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WIMBLEDON PARK PRIMARY SCHOOL PTFA
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
6. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | ||
|---|---|---|---|---|
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 5,808 | (660) | 5,148 | |
| Christmas Events | 9,260 | - | 9,260 | |
| Year 6 leavers gifts | 6,275 | (1,371) | 4,904 | |
| Other events | 6,035 | (9,698) | (3,663) | |
| 27,378 | (11,729) | 15,649 | ||
| TOTAL FUNDS | 27,378 | (11,729) | 15,649 | |
| Comparatives for movement in funds | ||||
| Net | Transfers | |||
| movement | between | At | ||
| At 1.4.20 | in funds | funds | 31.3.21 | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 38,595 | (33,508) | 6,345 | 11,432 |
| Christmas Events | - | 5,092 | (5,092) | - |
| Easter Events | - | 1,092 | (1,092) | - |
| Year 6 leavers gifts | - | 161 | (161) | - |
| 38,595 | (27,163) | - | 11,432 | |
| TOTAL FUNDS | 38,595 | (27,163) | - | 11,432 |
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 10,771 | (44,279) | (33,508) |
| Christmas Events | 5,092 | - | 5,092 |
| Easter Events | 1,092 | - | 1,092 |
| Year 6 leavers gifts | 161 | - | 161 |
| 17,116 | (44,279) | (27,163) | |
| TOTAL FUNDS | 17,116 | (44,279) | (27,163) |
continued...
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WIMBLEDON PARK PRIMARY SCHOOL PTFA
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
6.
MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Net | Transfers | |||
|---|---|---|---|---|
| movement | between | At | ||
| At 1.4.20 | in funds | funds | 31.3.22 | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 38,595 | (28,360) | 2,682 | 12,917 |
| Christmas Events | - | 14,352 | (5,092) | 9,260 |
| Easter Events | - | 1,092 | (1,092) | - |
| Year 6 leavers gifts | - | 5,065 | (161) | 4,904 |
| Other events | - | (3,663) | 3,663 | - |
| 38,595 | (11,514) | - | 27,081 | |
| TOTAL FUNDS | 38,595 | (11,514) | - | 27,081 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 16,579 | (44,939) | (28,360) |
| Christmas Events | 14,352 | - | 14,352 |
| Easter Events | 1,092 | - | 1,092 |
| Year 6 leavers gifts | 6,436 | (1,371) | 5,065 |
| Other events | 6,035 | (9,698) | (3,663) |
| 44,494 | (56,008) | (11,514) | |
| TOTAL FUNDS | 44,494 | (56,008) | (11,514) |
7. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2022.
Page 10
WIMBLEDON PARK PRIMARY SCHOOL PTFA
| Detailed Statement of Financial Activities | ||
|---|---|---|
| for the Year Ended 31 March 2022 | ||
| 31.3.22 | 31.3.21 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Other trading activities | ||
| Fundraising events | 27,378 | 17,116 |
| Total incoming resources | 27,378 | 17,116 |
| EXPENDITURE | ||
| Support costs | ||
| Management | ||
| Donation to WPPS | - | 35,000 |
| General expenditure | 1,431 | 2,158 |
| Fundraising events | 9,698 | 6,721 |
| 11,129 | 43,879 | |
| Governance costs | ||
| Accountancy and legal fees | 600 | 400 |
| Total resources expended | 11,729 | 44,279 |
| Net income/(expenditure) | 15,649 | (27,163) |
This page does not form part of the statutory financial statements
Page 11