FRIENDS OF PARK STREET SCHOOL
Annual Accounts 1[st] November 2022 – 31[st] October 2023
and
Independer Examiners’s Report
P a g e | 1
FRIENDS OF PARK STREET SCHOOL
Business Informa�on
Proprietor Park Street Parents & Teachers Associa�on
Bankers BARCLAYS BANK UK PLC Newmarket Branch Leicester LE87 2BB
Business address Park Street Primary School Lower Park Street Cambridge CB5
Approval statement
Sheet and the related notes.
I acknowledge my responsibility for the accounts, including the appropriateness of the applicable financial repor�ng framework as set out in note 1, and for providing Viviana Andrea MORENO SOLER with all informa�on and explana�ons necessary for their compila�on.
Katrina Ann Thornely 17[th] August 2024
P a g e | 2
I report to the trustees on my examina�on of the accoun�ng records of Friends of Park Street School (the Charity) for the year ended 31 October 2023.
Responsibili�es and basis of report
As the charity trustees of the Trust you are responsible for the prepara�on of the accounts in accordance with the requirements of the Chari�es Act 2011 (‘the Act’). Charity law requires those chari�es with a gross income of more than £25,000 and less than £250,000 to have some form of external scru�ny of their accounts, as such Friends of Park Street requested this independent review.
The approach followed in this independent review followed the guidance on Independent Examina�on from the Charity Commission of England and Walles h�ps://www.gov.uk/government/publica�ons/independent-examina�on-of-charity-accounts-examinerscc32
I report in respect of my examina�on of the Trust’s accounts. In carrying out my examina�on I have followed the applicable Direc�ons given by the Charity Commission.
P a g e | 3
Independent examiner’s statement
connec�on with the examina�on giving me cause to believe that in any material respect:
(1)accoun�ng records were not kept in respect of the Trust as required by sec�on 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 Chari�es (Accounts and Reports) Regula�ons 2008 other than any requirement that the accounts give a ‘true and fair view which is not a ma�er considered as part of an independent examina�on.
The approach in this independent review followed the guidance on Independent Examina�on from the - Charity Commission of England and Walles h�ps://www.gov.uk/government/publica�ons/independent examina�on-of-charity-accounts-examiners-cc32
I have no concerns and have come across no other ma�ers in connec�on with the examina�on to which a�en�on should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Viviana Andrea MORENO SOLER
18th of August 2024
52 Alpha Road, Cambridge, CB4 3 DG
BEng. Industrial Engineering
Mcs Global Finance
P a g e | 4
PROFIT AND LOSS
FRIENDS OF PARK STREET SCHOOL Statement of financial activities for the year ended 31October 2023
| Revenue Sales Goods for sale Event HRMC GiftAid Donation Other Income Total Revenue Cost of sales Cost of goods sold Event Organising Costs Learning material Playground maintenance Donation Other Expenses Total Costs of sales Gross Profit Expenses Licences Subscriptions Total Expenses Profit or Loss |
2022 2023 3,215 3,269 25,007 1,709 625 |
|---|---|
| 114,024 33,823 (1,750) (3,662) (16,040) (12,328) (2,400) (792) |
|
| (43,537) (36,972) 70,487 (3,149) (1,872) (140) |
|
| (7,787) (2,012) 62,700 (5,161) |
P a g e | 5
Balance Sheet
FRIENDS OF PARK STREET SCHOOL Balance Sheet for the year ended 31October 2023
| Assets Current Assets Current account Liabilities Capital Balnce at the start of the period Net movement in funds |
2022 2023 |
|---|---|
| 66,210 61,049 - - 3510 66,210 62700 (5,161) |
|
| 66,210 61,049 |
Notes to the Accounts
1. Accoun�ng Basis
These accounts have been prepared on the basis of historic costs, accruals accounts (except that investments are shown at market value) in accordance with Accoun�ng and repor�ng by Chari�es - Statement of Recommended Prac�ce SORP (FRS 102). - Charity repor�ng and accoun�ng: the essen�als November 2016 GOV.UK (www.gov.uk)
P a g e | 6
FRIENDS OF PARK STREET SCHOOL
| 0 3 Revenue Sales 33,823 Goods for sale 3,215 Christmas Cards 1,783 Bag Sales 496 Bake Off / Uniform 427 Leavers Hoodies 260 PreLoved Uniform Sale 190 Bake Off 48 Unallocated 10 Event 3,269 Summer fair 1,316 Christmas Events 1,051 Summer Show 389 Disco 230 Xmas Disco 174 Author Event 108 HRMC GiftAid 25,007 HRMC GiftAid 25,007 Donation 1,709 Donation 873 Regular Donation 500 Coronation Event 335 Other income 625 Gift - Trish 615 Unallocated 10 |
Costs of Sales (36,972) Cost of goods sold (1,750) Bag Sales (758) Leavers Hoodies (319) Christmas Cards (673) Event Organising Costs (3,662) Xmas Disco (164) Summer Expenses (1,053) Easter Events (261) Christmas Events (1,458) Summer fair (162) Coronation Event (216) Author Event (48) Diversity Event (300) Learning material (16,040) 60 Chrome Books (9,968) Sandpit Cover (37) Portable PA (204) Amazon Wish List (2,472) Year 6 Books (129) Chromebook Storage (860) Classroom Supplies (2,370) Playground maintenance (12,328) KS2 Playground (12,328) Donation (2,400) Other expenses (792) Gift - Trish (615) Gift - Mrs Kingsford (177) Expenses (2,012) Licences (1,872) Chromebook Lisences (1,872) Subscriptions (140) Parentkind Membership (140) |
|
|---|---|---|
P a g e | 7