## **St Michael’s Parents & Friends Association** ## **Treasurer’s Report** ## **to the Accounts for the year ended 31/08/2022** St Michael’s Parents & Friends Association experienced a productive year with the return to a more normalised level of fundraising, following the COVID19-pandemic which had hampered fundraising activity in the previous financial period. A number of fundraising activities were held, the most significant being the Spring Ball in May which was a huge financial success, generating £37,590.82 in profit allowing two charitable donations; £9,034.67 to NACCOA and £11,121.33 to Demelza and retaining £17,434.82 for the P&F. The P&F also organised the annual cricket memorial in memory of Ellis Andrews enabling a donation of £1,226.57 to the Emily Ash Trust. £590 was also raised and donated to Community Cupboard, a local foodbank in Sevenoaks. The activities generated the following net funds for the P&F: - £17,434.82 - Spring Ball - £2,752.43 - Christmas Bazar - £64.00 – Halloween Costumes - £651.50 - Panto - £203.97 - Ski-wear sale - £530.05 - Prep Sports Day - £208.59 - Pre-Prep Sports Day - £134.90 - Amazon Smile The charity’s events overall ran at a net surplus of £21,980.26 Income of £5,735 was received from subscriptions and £754 from other miscellaneous income and donations. This year the P & F have contributed in full or partially to the following items for use at school: - £5,000.00 – Drama Lighting - £2,865.60 – Library Furniture - £2,500.00 – Minibus Contribution - £786.00 – High Jump Topper Funds were also reserved for: - £1,500.00 – Pre-prep Mural - ● £1,500.00 - AEN Support In addition to distribution of funds to the school, contributions were also made towards Year 6 and 8 leavers’ gifts, Mrs Bridges leaving gift, Christmas Trees, and Easter Eggs. Distribution of funds and expenses incurred for fundraising events across the year totalled £84,133.94. £1,300.00 was also paid for expenditure approved and accounted for in the previous financial year for Pre-Prep tables. This activity resulted in a cash balance of £40,972.70 on 31 August 2022 an increase of £17,868.71 from the balance at 1 September 2021 of £23,103.99. Of the increase, £7,879.17 net is cash reserved for funding requests and £9.989.54 returned to P&F funds. The accounts for the financial year ending 31 August 2022 have been independently reviewed and will be filed with the Charity Commission by 30th June 2023. The core committee members of the P&F were unchanged from the previous financial year. The full committee is listed as follows: Kelly Downey and Kerri O’Dwyer (co-Chairs), Ben Taylor (Treasurer), Avril Gibbinson (Assistant Treasurer), Laura Andrews (Secretary), Daisy Gregson, Adam Law and Tracey Scott (Committee Members). For Kelly Downey, Kerri O’Dwyer, Ben Taylor, Adam Law and Tracey Scott, this will be their final term in office. We would like to take this opportunity to thank them for their hard work and commitment during their extremely challenging tenure. The new committee for the period from September 2022 will be Laura Andrews (co-Chair) and Kea Ashley (co-Chair) Victoria Abueita (Treasurer), Victoria Leithead (Assistant Treasurer), Daisy Gregson (Secretary), Merle Parrett and Avril Gibbinson (Committee Members). ## **Victoria Abueita** **Treasurer** **9th June 2023** ## **ST MICHAELS PARENTS AND FRIENDS ASSOCIATION** |**Receipts and Payments Accounts**
**For the year ended 31 August 2022**
**2021**
**2022**
**2022**
**£**
**£**
**£**
**RECEIPTS**
**Donations, Legacies and other**
**Similar receipts**
5,965.00
Subscriptions and Payments
5,735.00
916.08
Other
754.00
**6,881.08**
**Total Donated Income**
**6,489.00**
**Fundraising**
2,758.08
Events
88,934.48
**2,758.08**
**Total Fundraising Income**
**88,934.48**
**Investment Income**
0.00
Bank Interest Received
0.00
**0.00**
**Total Investment Income**
**0.00**
**9,639.16**
**TOTAL RECEIPTS**
**95,423.48**|**Receipts and Payments Accounts**
**For the year ended 31 August 2022**
**2021**
**2022**
**2022**
**£**
**£**
**£**
**RECEIPTS**
**Donations, Legacies and other**
**Similar receipts**
5,965.00
Subscriptions and Payments
5,735.00
916.08
Other
754.00
**6,881.08**
**Total Donated Income**
**6,489.00**
**Fundraising**
2,758.08
Events
88,934.48
**2,758.08**
**Total Fundraising Income**
**88,934.48**
**Investment Income**
0.00
Bank Interest Received
0.00
**0.00**
**Total Investment Income**
**0.00**
**9,639.16**
**TOTAL RECEIPTS**
**95,423.48**|**Receipts and Payments Accounts**
**For the year ended 31 August 2022**
**2021**
**2022**
**2022**
**£**
**£**
**£**
**RECEIPTS**
**Donations, Legacies and other**
**Similar receipts**
5,965.00
Subscriptions and Payments
5,735.00
916.08
Other
754.00
**6,881.08**
**Total Donated Income**
**6,489.00**
**Fundraising**
2,758.08
Events
88,934.48
**2,758.08**
**Total Fundraising Income**
**88,934.48**
**Investment Income**
0.00
Bank Interest Received
0.00
**0.00**
**Total Investment Income**
**0.00**
**9,639.16**
**TOTAL RECEIPTS**
**95,423.48**| |---|---|---| |||| |||**95,423.48**| ## **ST MICHAELS PARENTS AND FRIENDS ASSOCIATION** ## **Receipts and Payments Accounts For the year ended 31 August 2022** |**2021**
**2022**
**2022**
**£**
**£**
**£**
**PAYMENTS**
**Expenditure to generate funds**
-19,889.82
Events
-66,954.22
**-19,889.82**
**Total Expenditure to generate funds**
**-66,954.22**
**Distribution of funds**
-6,200.00
Laser Cutter
0.00
-2,034.00
Speed Trap
0.00
-1,345.00
Gazebo
0.00
-1,300.00
Pre Prep Outdoor Tables
-267.28
-1,066.00
Cross Country Tops
0.00
-588.00
Christmas Trees
-648.00
-480.00
Leavers Parties (Y6 + 8 )
-630.00
-468.79
Y2 Leavers Bottles
0.00
-360.00
Y6 Leavers Hoodies
0.00
-282.80
Gifts
-50.00
-123.00
PTA UK Subscription (Parentkind)
-128.00
-99.93
Easter Expenses
-67.21
0.00
Film Licence
-87.60
0.00
Meeting Expenses
-10.03
0.00
MiniBus Contribution
-2,500.00
0.00
Drama Lighting
-5,000.00
0.00
Community Cupboard Fundraising
-590.00
0.00
Mrs Bridges Leaving Gift Fund
-550.00
0.00
Library Furniture
-2,865.60
0.00
High Jump Topper
-786.00
0.00
AEN Support
-1,500.00
0.00
Pre-Prep Mural
-1,500.00
**-14,347.52**
**Total distribution of funds**
**-17,179.72**
**Adjustments Relating to Prior Periods**
-
(1,300)
**0**
**Total**
**-1,300**
**-34,237.34**
**TOTAL PAYMENTS**
**-85,433.94**|**2021**
**2022**
**2022**
**£**
**£**
**£**
**PAYMENTS**
**Expenditure to generate funds**
-19,889.82
Events
-66,954.22
**-19,889.82**
**Total Expenditure to generate funds**
**-66,954.22**
**Distribution of funds**
-6,200.00
Laser Cutter
0.00
-2,034.00
Speed Trap
0.00
-1,345.00
Gazebo
0.00
-1,300.00
Pre Prep Outdoor Tables
-267.28
-1,066.00
Cross Country Tops
0.00
-588.00
Christmas Trees
-648.00
-480.00
Leavers Parties (Y6 + 8 )
-630.00
-468.79
Y2 Leavers Bottles
0.00
-360.00
Y6 Leavers Hoodies
0.00
-282.80
Gifts
-50.00
-123.00
PTA UK Subscription (Parentkind)
-128.00
-99.93
Easter Expenses
-67.21
0.00
Film Licence
-87.60
0.00
Meeting Expenses
-10.03
0.00
MiniBus Contribution
-2,500.00
0.00
Drama Lighting
-5,000.00
0.00
Community Cupboard Fundraising
-590.00
0.00
Mrs Bridges Leaving Gift Fund
-550.00
0.00
Library Furniture
-2,865.60
0.00
High Jump Topper
-786.00
0.00
AEN Support
-1,500.00
0.00
Pre-Prep Mural
-1,500.00
**-14,347.52**
**Total distribution of funds**
**-17,179.72**
**Adjustments Relating to Prior Periods**
-
(1,300)
**0**
**Total**
**-1,300**
**-34,237.34**
**TOTAL PAYMENTS**
**-85,433.94**|**2021**
**2022**
**2022**
**£**
**£**
**£**
**PAYMENTS**
**Expenditure to generate funds**
-19,889.82
Events
-66,954.22
**-19,889.82**
**Total Expenditure to generate funds**
**-66,954.22**
**Distribution of funds**
-6,200.00
Laser Cutter
0.00
-2,034.00
Speed Trap
0.00
-1,345.00
Gazebo
0.00
-1,300.00
Pre Prep Outdoor Tables
-267.28
-1,066.00
Cross Country Tops
0.00
-588.00
Christmas Trees
-648.00
-480.00
Leavers Parties (Y6 + 8 )
-630.00
-468.79
Y2 Leavers Bottles
0.00
-360.00
Y6 Leavers Hoodies
0.00
-282.80
Gifts
-50.00
-123.00
PTA UK Subscription (Parentkind)
-128.00
-99.93
Easter Expenses
-67.21
0.00
Film Licence
-87.60
0.00
Meeting Expenses
-10.03
0.00
MiniBus Contribution
-2,500.00
0.00
Drama Lighting
-5,000.00
0.00
Community Cupboard Fundraising
-590.00
0.00
Mrs Bridges Leaving Gift Fund
-550.00
0.00
Library Furniture
-2,865.60
0.00
High Jump Topper
-786.00
0.00
AEN Support
-1,500.00
0.00
Pre-Prep Mural
-1,500.00
**-14,347.52**
**Total distribution of funds**
**-17,179.72**
**Adjustments Relating to Prior Periods**
-
(1,300)
**0**
**Total**
**-1,300**
**-34,237.34**
**TOTAL PAYMENTS**
**-85,433.94**| |---|---|---| |||| |||**-85,433.94**| ## **ST MICHAELS PARENTS AND FRIENDS ASSOCIATION** **Statement of Assets and Liabilities For the year ended 31 August 2022** |**2021**||**2022**|**2022**| |---|---|---|---| |**£**||**£**|**£**| |**9,639.16**|**RECEIPTS**||**95,423.48**| |**###**|**PAYMENTS**||**-85,433.94**| |**###**|**NET SURPLUS**||**9,989.54**| ||**ASSETS**||| ||**Cash at Bank and at Hand**||| ||New Current account|40,972.70|| |**23,103.99**|**Total Cash at Bank**||**40,972.70**| ||Adj for payments not yet cleared||**-7,879.17**| |**23,103.99**|**TOTAL ASSETS**||**33,093.53**| ||**ACCUMULATED FUND**||| |**47,702.17**|**Opening Balance - Unrestricted Funds**||23,103.99| |-24,598.18|**Surplus / (Defcit) for the year**||9,989.54| |**23,103.99**|**Closing Balance - Unrestricted Funds**||**33,093.53**| |Approved by the|Committee and signed on its behalf||| |Date|###||| |Laura Andrews (Co|||| |Chair)|Daisy Gregson (Secretary)|Victoria Turn|(Treasurer)| ## **ST MICHAELS PARENTS AND FRIENDS ASSOCIATION** ## **Net Surplus By Event For the year ended 31 August 2022** |**2021**
**2021**
**£**
**£**
0.00
Christmas Bazaar
Income
0.00
Expenditure
0.00
Surplus
104.68
Amazon Smile
Income
0.00
Expenditure
104.68
Surplus
360.00
Cooking Curry Night
Income
-315.00
Expenditure
45.00
Surplus
255.50
Halloween CompetitionIncome
-47.33
Expenditure
208.17
Surplus
0.00
Spring Ball
Income
-18,600.00
Expenditure
-18,600.00
Surplus
1,413.00
Winter Wonderland
Income
-580.99
Expenditure
832.01
Surplus
504.90
Christmas Cards
Income
0.00
Expenditure
504.90
Surplus
0.00
Panto
Income
-346.50
Expenditure
-346.50
Surplus
0.00
Movie Night
Income
0.00
Expenditure
0.00
Surplus
0.00
Cricket Memorial
Income
0.00
Expenditure
0.00
Surplus
0.00
Sports Day Prep
Income
0.00
Expenditure
0.00
Surplus
0.00
Sports Day Pre-Prep
Income
0.00
Expenditure
0.00
Surplus
0.00
Ski wear Sale
Income
0.00
Expenditure
0.00
Surplus
120.00
Yoga
Income
0.00
Expenditure
120.00
Surplus
-17,131.74
**2,758.08**
**TOTAL INCOME**
**-19,889.82**
**TOTAL EXPENDITURE**
-17,131.74
**Net Proft**|**2022**
**2022**
**£**
**£**
7,211.93
-4,459.50
2,752.43
134.90
0.00
134.90
0.00
0.00
0.00
64.00
0.00
64.00
73,011.58
-55,576.74
17,434.84
0.00
0.00
0.00
0.00
0.00
0.00
3,770.00
-3,118.50
651.50
0.00
0.00
0.00
1,721.78
-1,721.78
0.00
2,552.75
-2,022.70
530.05
263.59
-55.00
208.59
203.97
0.00
203.97
0.00
0.00
0.00
21,980.28
**88,934.50**
**###**
**21,980.28**|**2022**
**2022**
**£**
**£**
7,211.93
-4,459.50
2,752.43
134.90
0.00
134.90
0.00
0.00
0.00
64.00
0.00
64.00
73,011.58
-55,576.74
17,434.84
0.00
0.00
0.00
0.00
0.00
0.00
3,770.00
-3,118.50
651.50
0.00
0.00
0.00
1,721.78
-1,721.78
0.00
2,552.75
-2,022.70
530.05
263.59
-55.00
208.59
203.97
0.00
203.97
0.00
0.00
0.00
21,980.28
**88,934.50**
**###**
**21,980.28**| |---|---|---| |||| |||21,980.28| |||**88,934.50**
**###**
**21,980.28**| Mark Bin5kin 13 Thscketts Sevenooks Kent TN13 35Z PRIVATE AND CONRDENTWL Viclorsa Abueits C/0 St MTchael's Prep khool Parents and Friend5 Association Otford Court Row Dow Otford Kent TN14 5RY Iojune 2023 Dear Victoria INDEPENDEMt EXAMINATION ChaTltie5 Wlth a gross incorne of £lm OT les5 may choose to have an independent examination in place of an audit unless both their gross a55ets exceed £3.26m and their gr055 incorne exceeds £250,C(K>. As requested. I have rewewed the accounting records kept by the Parents and Friends Association for the 202V2022 year and ¢ompared the accounts presented with those records. Please be aware that I have not carried out a professional audit but durin8 my scrutiny of the records. I have not found any material mi55taternent or omi55ion. Should you have any querie5 in relatstin to the examination performed, please do not hesitate to contatt me. Kind legards Mark Binskin FCCA Chartered Certified Accountant Membership Number= 0636903