## **Earlsfield Primary School PTA**
## **Report and Financial Statements**
**31 August 2023**
## **Earlsfield Primary School PTA**
## **Report and Financial Statements 31 August 2023**
||**Contents**
**Page**
Legal and administrative details
3
Report of the Trustees
4
Report of the Independent Examiner
6
Statement of financial activities
7
Balance sheet
8
Notes to the financial statements
9|
|---|---|
2
**31 August 2023**
## **Earlsfield Primary School PTA**
## **Legal and Administrative Details**
## **Status**
Earlsfield Primary School PTA is a non-incorporated charitable entity.
## **Trustees**
Nicola Saker (Honorary Treasurer) Emily Witter (appointed 20 September 2023)
## **Charity Secretaries / Committee Co-Chair Persons**
Lucy Holbrook Molly Horsburgh Iraj Tahir
## **Bankers**
Barclays Bank plc 83 Wandsworth High Street Wandsworth London
## **Independent Examiner**
Peter Selley Peter F. Selley & Co. 84 Belleville Road London SW11 6PP
## **Registered Office**
Tranmere Road Earlsfield London SW18 3QQ
## **Charity Number**
1155639
3
## **Earlsfield Primary School PTA**
## **31 August 2023**
## **Report of the Trustees**
The Trustees present their report and financial statements for Earlsfield Primary School PTA for the year ended 31 August 2023.
## **Organisational structure**
The charity functions as an independent charitable entity.
## **Trustees**
The Trustees who held office during the year and subsequently are shown on page 3. The Trustees have no beneficial interests in the charity.
## **Objectives, activities and performance to date**
The objective of the PTA is to advance and support the education of the pupils at Earlsfield Primary School, by developing effective relationships between the staff, parents and others associated with the school and engaging in activities or providing facilities and equipment which support the school and advance the education of the pupils. We raise funds for the school that are used directly to benefit the pupils.
## **Structure, governance and management**
The committee consists of parent volunteers who coordinate and run the charitable events we undertake.
## **Public benefit statement**
The Trustees have given consideration to the Charities Commission's guidance on public benefit, and consider that the charity provides public benefit through its support of a state funded school.
4
## **Earlsfield Primary School PTA**
## **31 August 2023**
## **Report of the Trustees (continued)**
## **Independent examiner**
Peter Selley of Peter F. Selley & Co. was appointed by the Trustees to carry out an independent examination of the charity’s accounts.
By order of the Board
Nicola Saker Trustee
Tranmere Road Earlsfield London SW18 3QQ
27 June 2024
5
## **Report of the Independent Examiner**
## To the Trustees of Earlsfield Primary School PTA
I report on the charity’s financial statements for the year ended 31 August 2023, which comprise the Statement of Financial Activities, the Balance Sheet and the related notes 1 to 8. These financial statements have been prepared under the accounting policies set out therein.
To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's members as a body, for this report.
## **Respective responsibilities of Trustees and Examiner**
The charity’s Trustees are responsible for the preparation of the financial statements in accordance with applicable United Kingdom law. They also consider that the charity is exempt from an audit. My responsibility is to carry out procedures designed to enable me to report on the matters set out in the statement below.
## **Basis of the Independent Examiner’s Report**
My work was conducted in accordance with the Statements of Standards for Reporting Accountants, and so my procedures consisted of comparing the accounts with the accounting records kept by the charity, and making such limited enquiries of the officers of the charity as I considered necessary for the purposes of this report. These procedures provide only the assurance expressed in my statement.
## **Independent Examiner’s Statement**
In connection with my examination, no matter has come to my attention:
- (1) which gives me reasonable cause to believe that in any material respect the requirements
- a) to keep accounting records; and
- b) to prepare accounts which accord with the accounting records, comply with the methods and principles of Accounting and Reporting by Charities: Statement of Recommended Practise (October 2019) and Financial Reporting Standard 102
have not been met; and
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.
Peter Selley Peter F. Selley & Co. 84 Belleville Road London SW11 6PP
27 June 2024
6
## **Earlsfield Primary School PTA**
## **Statement of Financial Activities**
|**Year ended 31 August 2023**
_Note_
**Incoming resources**
Donations
Charitable activities
_2_
Investment income
Other income
**Resources expended**
Direct charitable expenditure
_3_
Management and administration
_4_
**Net movement in funds**
Other recognised gains or losses
**Fund balances brought forward**
**Fund balances carried forward**
**Unrestricted fund balances**
|**£**
**3,820**
**23,570**
**-**
**-**
**27,390**
**2,664**
**1,039**
**3,703**
**23,687**
**-**
**29,245**
**52,932 **
**52,932**
||Year ended|
|---|---|---|---|
||||31 August
2022
£
7,604
23,456
-
-
31,060
29,340
826
30,166
894
-
28,351
29,245
29,245|
|||||
|||||
|||||
|||||
|||||
|||||
7
**Earlsfield Primary School PTA**
## **Balance Sheet**
## **31 August 2023**
|**_Note_**
**Fixed assets**
Tangible assets
**Current assets**
Stock
Debtors
_7_
Cash at bank and in hand
**Creditors:**
**Amounts falling due within one year**
_8_
**Net current assets**
**Total assets less current liabilities**
**Funds**
Unrestricted funds
Restricted funds
**Total funds**
|**£**
**-**
**206**
**47**
**53,159**
**53,412**
**(480)**
**52,932**
**52,932 **
**52,932**
**-**
**52,932 **
|31 August
2022
£
-|
|---|---|---|
|||50
43
29,512|
|||29,605
(360)|
|||29,245|
|||29,245|
|||29,245
-|
|||29,245|
These accounts have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practise (October 2019) and Financial Reporting Standard 102.
These financial statements were approved by the Board of Trustees on 27 June 2024 and signed on its behalf by:-
Nicola Saker Trustee
8
## **Earlsfield Primary School PTA**
## **Notes to the Financial Statements**
## **Year ended 31 August 2023**
## **1 Accounting policies**
The financial statements are prepared under the historical cost convention and in accordance with Accounting and Reporting by Charities: Statement of Recommended Practise (October 2019) and Financial Reporting Standard 102. The particular accounting policies adopted are described below.
## **(i) Income**
Voluntary income is received by way of donations and gifts and is included in income in full when received.
Donations in kind are valued and included in income to the extent that they represent goods or services that would otherwise be purchased.
A Restricted Fund is a fund that is to be used for a specific use, as laid down by the donor. Expenditure that meets the specific criteria is identified to that fund.
## **(ii) Management and administrative costs**
Management and administrative costs relate to all costs incurred in the general administration of the charity, which cannot be directly attributed to the provision of a specific requirement. These include all the costs of statutory compliance.
## **(iii) Depreciation**
Tangible fixed assets are only recognised where there is an expectation that they will be used for more than one year and they cost more than £500. They are written off over their estimated useful lives. They are depreciated over their estimated useful lives on a straight line basis, principally as follows:
Toys and equipment 4 years Furniture and fittings 4 years
9
## **Earlsfield Primary School PTA**
## **Notes to the Financial Statements (continued)**
## **Year ended 31 August 2023**
|**2**
**Charitable activities**
Fund raising activities
**3**
**Direct charitable expenditure**
World Book Day
Outdoor Library
School Trips
Work & Play Scrap Scheme
Books Contribution
Sensory Room Contribution
Interactive Screens Contribution
Year 6 Leavers Hoodies
Year 6 Leavers’ Party
Sensory Box
Books for Africa
Transition Room
Sayers Croft PTA Contribution
Other
Staff Lunch|**£**
**23,570**
**154**
**340**
**800**
**250**
-
-
-
**1,102**
-
-
-
-
-
**18**
**-**
**2,664 **|2022
£
23,456|
|---|---|---|
|||-
-
-
-
8,000
8,000
9,000
945
200
273
120
1,552
1,250
-
-|
|||29,340|
|**4**
**Management and administration**
General expenses
Accountancy|**£**
**919**
**120**
**1,039**|2022
£
706
120|
|---|---|---|
|||826|
10
## **Earlsfield Primary School PTA**
## **Notes to the Financial Statements (continued)**
## **Year ended 31 August 2023**
## **5 Trustees Emoluments**
In the year the trustees received £Nil (2022: £Nil) as salary and received no other benefits (2022: £Nil) with regard to their roles as trustees.
## **6 Related party transactions**
There were no related party transactions in either the year ended 31 August 2022 or in the year ended 31 August 2023.
**7 Debtors** Sundry debtors **-** - Prepayments **47** 43 **47** 43
**8 Creditors - amounts falling due within one year** Accruals **480** 360
11