2024-07-31-accounts - Chestnuts Primary School Parents And School Association

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Trustees’ Annual Report for the period

From Period start date 1[st] Aug 2023 To Period end date: 31[st] July 2024

Charity name: Chestnuts PSA

Charity registration number: 1147386

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	Co-operation throughout the school community, put on events and activities which enhance learning, welfare and development of all pupils through fundraising, donations and sponsorship.
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	Summer and Winter Fairs, quizzes, various workshops run by outside companies and paid for by PSA, film night, treat sales, local business sponsorship and jumble sale.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	Our events are almost always at the school and as such risks and benefits to the public are regarded before each event.

Additional information (optional) You may choose to include further statements where relevant about:

	SORP reference
Policy on grant making	Para 1.38	We mainly focus on raising money for the school and as such we don’t donate money elsewhere.
Policy on social investment including program related investment	Para 1.38	No policy exists on social investment
Contribution made by volunteers	Para 1.38	All our events are run by volunteers and the charity trustees are all volunteers.
Other

Achievements and Performance

	SORP reference
Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20	The main achievement of the charity is to raise funds in order to pay for extra- curricular activities and events for all pupils - we have had a very successful year, raising almost £80K. We have continued to successfully invest in outside companies/people, asking them to run ‘workshops’ for the children and parents. We successfully ran a ‘Crowdfunder’ in order to raise money for a MUGA in the school playground, including receiving a grant/match funding from Sport England. We also continued to fund items for the school, which would previously have been covered by the school’s budget which has now shrunk. The school community has largely benefitted from the increase in funds but to an extent the wider community too, as a lot of our events are open to non- school people.

Additional information (optional) You may choose to include further statements where relevant about:

Achievements against objectives set	Para 1.41	Our objective last year was to start obtaining grants to increase our income so we could fund larger things around the school. We had a very successful fundraising effort, raising almost £42K for some new sporting equipment in one of the playgrounds.
Performance of fundraising activities against objectives set	Para 1.41
Investment performance against objectives	Para 1.41
Other

Financial Review

Financial Review
Review of the charity’s financial position at the end of the period	Para 1.21	Annual review performed by Holt Baker Ltd
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	N/A
Amount of reserves held	Para 1.22	N/A
Reasons for holding zero reserves	Para 1.22	Any money raised is paid either to cover event expenses or to the school.
Details of fund materially in deficit	Para 1.24
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23

Additional information (optional) You may choose to include further statements where relevant about:	Additional information (optional) You may choose to include further statements where relevant about:	Additional information (optional) You may choose to include further statements where relevant about:
The charity’s principal sources of funds (including any fundraising)	Para 1.47	Events but we are now looking at grants as a long-term form of funding income.
Investment policy and objectives including any social investment policy adopted	Para 1.46
A description of the principal risks facing the charity	Para 1.46
Other

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document (trust deed, royal charter)	Para 1.25	Constitution
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	2 co-chairs, treasurer and volunteer committee
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Para 1.25	Election at AGM

Additional information (optional)

You may choose to include further statements where relevant about:

Policies and procedures adopted for the induction and training of trustees	Para 1.51
The charity’s organisational structure and any wider network with which the charity works	Para 1.51
Relationship with any related parties	Para 1.51
Other

Reference and Administrative details

Charity name	Chestnuts Primary School Parents and Schoool Association
Other name the charity uses	Chestnuts PSA
Registered charity number	1147386
Charity’s principal address	Chestnuts Primary School, La Rose Lane, London N15 3AS

Names of the charity trustees who manage the charity

Trustee name	Office (if any)	Dates acted if not for whole year
Gavin Talbot	Co-chair	16thOctober 2024
Caroline Carter	Co-chair	24thJuly2024
Caitlin Curtis	Treasurer	11thJune 2024

– Corporate trustees names of the directors at the date the report was approved Director name n/a

Name of trustees holding title to property belonging to the charity

Trustee name	Dates acted if not for whole year
n/a

Funds held as custodian trustees on behalf of others

Description of the assets n/a held in this capacity Name and objects of the n/a charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for n/a safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of	Name	Address
adviser

Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

n/a

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Caitlin Curtis Full name(s) Caitlin Curtis

Position (eg Secretary, Treasurer Chair, etc)

Date

28[th] May 2025

`Chestnuts Primary School PSA Annual accounts 23/24`

`Income & expenditure statement period: 1Aug23 - 31Jul24`

`INCOME 2023/24` `EXPENDITURE 2023/24 (CASH AND BANK)` `Bank balance brought forward 1st Aug23:` `£19,968.98` `Cash balance brought forward 1st Aug23:` `£0.00` `BFWD sales outstanding` `£80.66` `BFWD exps outstanding` `£4,983.37` `£` `Easy Fundraising/Just Giving/Amazon/PayPal` `£1,766.55` `Artist Workshops` `£2,036.54` `Choir` `£0.00` `School Clubs (Drama/Forest School)` `£2,470.00` `Friday Treats` `£4,585.51` `Halloween` `£2,930.43` `Quiz Night1` `£1,178.50` `Christmas Fair` `£9,717.81` `One World Night` `£3,361.45` `Quiz Night2` `£379.50` `Jumble Trail` `£1,806.50` `Art Sale` `£858.00` `Yr6 disco` `£340.01` `Summer Fair` `£9,564.96` `Crowd Funder` `£37,331.96` `Total income to date` `£78,327.72` `Parents' Meetings/Salisbury` `£188.49` `Artist Workshops` `£809.94` `Choir` `£5,132.50` `School Clubs (Drama/Forest School)` `£1,766.96` `Friday Treats` `£1,072.68` `Halloween` `£1,015.72` `Quiz Night1` `£365.67` `Christmas Fair` `£3,057.48` `One World Night` `£951.43` `Quiz Night2` `£257.38` `Jumble Trail` `£127.52` `Summer Fair` `£3,636.89` `Yr6 disco` `£715.04` `General running costs` `£605.96` `PTA annual fee` `£153.00` `Crowdfunder` `£41,744.95` `School funding (murals/class funding)` `£19,116.02` `Total expenditure to date` `£80,717.63` `General school funding to pay out` `£0.00` `Available funds:` `£12,676.36` `CASH POSITION/RECONCILIATION` `££` `Cash book balance @ 31st Jul 2024` `£14,190.38` `Petty cash @ 31st Jul 2024` `£0.00`	`INCOME 2023/24` `EXPENDITURE 2023/24 (CASH AND BANK)` `Bank balance brought forward 1st Aug23:` `£19,968.98` `Cash balance brought forward 1st Aug23:` `£0.00` `BFWD sales outstanding` `£80.66` `BFWD exps outstanding` `£4,983.37` `£` `Easy Fundraising/Just Giving/Amazon/PayPal` `£1,766.55` `Artist Workshops` `£2,036.54` `Choir` `£0.00` `School Clubs (Drama/Forest School)` `£2,470.00` `Friday Treats` `£4,585.51` `Halloween` `£2,930.43` `Quiz Night1` `£1,178.50` `Christmas Fair` `£9,717.81` `One World Night` `£3,361.45` `Quiz Night2` `£379.50` `Jumble Trail` `£1,806.50` `Art Sale` `£858.00` `Yr6 disco` `£340.01` `Summer Fair` `£9,564.96` `Crowd Funder` `£37,331.96` `Total income to date` `£78,327.72` `Parents' Meetings/Salisbury` `£188.49` `Artist Workshops` `£809.94` `Choir` `£5,132.50` `School Clubs (Drama/Forest School)` `£1,766.96` `Friday Treats` `£1,072.68` `Halloween` `£1,015.72` `Quiz Night1` `£365.67` `Christmas Fair` `£3,057.48` `One World Night` `£951.43` `Quiz Night2` `£257.38` `Jumble Trail` `£127.52` `Summer Fair` `£3,636.89` `Yr6 disco` `£715.04` `General running costs` `£605.96` `PTA annual fee` `£153.00` `Crowdfunder` `£41,744.95` `School funding (murals/class funding)` `£19,116.02` `Total expenditure to date` `£80,717.63` `General school funding to pay out` `£0.00` `Available funds:` `£12,676.36` `CASH POSITION/RECONCILIATION` `££` `Cash book balance @ 31st Jul 2024` `£14,190.38` `Petty cash @ 31st Jul 2024` `£0.00`
`Total income to date` `£78,327.72`
`EXPENDITURE 2023/24 (CASH AND BANK)` `Parents' Meetings/Salisbury` `£188.49` `Artist Workshops` `£809.94` `Choir` `£5,132.50` `School Clubs (Drama/Forest School)` `£1,766.96` `Friday Treats` `£1,072.68` `Halloween` `£1,015.72` `Quiz Night1` `£365.67` `Christmas Fair` `£3,057.48` `One World Night` `£951.43` `Quiz Night2` `£257.38` `Jumble Trail` `£127.52` `Summer Fair` `£3,636.89` `Yr6 disco` `£715.04` `General running costs` `£605.96` `PTA annual fee` `£153.00` `Crowdfunder` `£41,744.95` `School funding (murals/class funding)` `£19,116.02`
`Total expenditure to date` `£80,717.63`
`General school funding to pay out` `£0.00` `Available funds:` `£12,676.36`
`CASH POSITION/RECONCILIATION` `££`
`Cash book balance @ 31st Jul 2024` `£14,190.38` `Petty cash @ 31st Jul 2024` `£0.00`
`Total available` `£14,190.38`
`Outstanding income:` `cash to be paid in` `£0.00`
`Plus total outstanding income` `£0.00`
`Costs still to pay:` `Expenses to pay out` `£1,514.02` `New funding requests` `£0.00`	`to pay to school`
`Less total unpaid costs` `£1,514.02`
`New available funds balance` `£12,676.36`

Our appointed auditor has unexpectedly become unavailable. Please could we request a month’s extension for submission of the verified accounts?

Please contact Caitlin on 07743949736 for further information.