2022-10-30-accounts

FRIENDS OF PARK STREET SCHOOL Accounts 31 October 2022

FRIENDS OF PARK STREET SCHOOL Contents

	Page
Charityinformation	1
Approval statement	2
Independent examiner’s unqualified report	3
Statement of Financial Activities	4
Balance sheet	5
Notes to the accounts	6

FRIENDS OF PARK STREET SCHOOL Business Information

Proprietor

Park Street Parents & Teachers Association

Bankers

BARCLAYS BANK UK PLC Newmarket Branch Leicester LE87 2BB

Business address

Park Street Primary School Lower Park Street Cambridge CB5 8AR

1

FRIENDS OF PARK STREET SCHOOL

Approval statement

I approve the accounts which comprise of the Profit and Loss Account, the Balance Sheet and the related notes. I acknowledge my responsibility for the accounts, including the appropriateness of the applicable financial reporting framework as set out in note 1, and for providing Banner & Associates Ltd with all information and explanations necessary for their compilation.

Katrina Ann Thornely

13 July 2023

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FRIENDS OF PARK STREET SCHOOL

Independent examiner’s unqualified report to FRIENDS OF PARK STREET SCHOOL

I report to the trustees on my examination of the accounts of Friends of Park Street School (the Charity) for the year ended 31 October 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 s. 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under s. 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:

(1)accounting records were not kept in respect of the Trust as required by section 130 of the Act; or

(2)the accounts do not accord with those records; or

(3)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.

Banner & Associates Ltd Chartered Accountants

13 July 2023

3

FRIENDS OF PARK STREET SCHOOL Statement of financial acitivities for the year ended 31 October 2022

Sales Cost of sales Gross profit Expenses Rent, rates, power and insurance costs Telephone, fax, stationery and other office costs Other business expenses Profit	2022 £ 114,024 43,537 70,487 4,394 2,642 751 7,787 62,700

4

FRIENDS OF PARK STREET SCHOOL Balance Sheet as at 31 October 2022

Notes Current assets Current account Net current assets Net assets Capital account Balance at start of period Net movement in funds	66,210	2022 £ 66,210 66,210 3,510 62,700 66,210

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FRIENDS OF PARK STREET SCHOOL Notes to the Accounts for the year ended 31 October 2022

1 Accounting basis

These accounts have been prepared on the basis of historic cost (except that investments are shown at market value) in accordance with:

• Accounting and Reporting by Charities – Statement of Recommended Practice (SORP

• 2005);

• and with Financial Reporting Standards for Smaller Enterprises (FRSSE);

2 Profit and loss account analysis

Sales Donations Cost of sales Sports equipment Learning material Event organising costs Sponsorship Books and magazines Rent, rates, power and insurance costs Hall hire Telephone, fax, stationery and other office costs Stationery and printing Other business expenses Subscriptions Other expenses	2022 £ 114,024 35,264 4,224 1,729 1,590 730 43,537 4,394 2,642 634 117 751

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