REGISTERED CHARITY NUMBER: 1172372
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 August 2021
for
Wilson's Parents and Friends Association "PFA"
Wilson's Parents and Friends Association "PFA"
Contents of the Financial Statements for the Year Ended 31 August 2021
| Page | |
|---|---|
| Report of the Trustees | 1 to 3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 to 6 |
| Balance Sheet | 7 |
| Notes to the Financial Statements | 8 to 13 |
| Detailed Statement of Financial Activities | 14 to 15 |
Wilson's Parents and Friends Association "PFA"
Report of the Trustees for the Year Ended 31 August 2021
The trustees present their report with the financial statements of the charity for the year ended 31 August 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
Our Objectives are:
To engage in activities that support the school and thereby advance the education of the pupils. Provide and assist in the provision of such facilities or items for education at the school as the Committee in consultation with the Head shall from time to time determine.
Our aim is to continue supporting Wilson's School and to be resourced predominantly by Wilsonian Parent volunteers. We seek to attract sufficient funds to meet our objectives and our financial reserves target.
Significant activities
General charitable purpose Education / Training / Research Secondary education
Public benefit
The activities that we carry out are described above. These activities are undertaken to meet our objectives and aims and to further our charitable purposes for the public benefit. In setting and reviewing our objectives and aims, and in planning and carrying out our activities, we have due regard to the public benefit guidance published by the Charity Commission.
Grantmaking
The main and most important criteria are to support the educational and social needs of the Wilson's pupils by making grants to Wilson's School.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
Contribution towards the 'Thank you Wilson's!' campaign and ice-cream on Sports day for boys and Staff.
Fundraising activities
Swimathon Book Café Online Quiz Matched Funding Familiarisation Test Sunflower Competition 'Thank you Wilson's!' campaign.
Page 1
Wilson's Parents and Friends Association "PFA"
Report of the Trustees for the Year Ended 31 August 2021
FINANCIAL REVIEW
Reserves policy
The PFA retains circa £5,000 every financial year to cover expenses for the following year. The Reserves policy is reviewed annually after the end of the financial year and may be changed if appropriate. The current Policy was agreed by the PFA Committee at its meeting on the 7th of September 2018.
THANKS
All of the work of the PFA is supported by Mr. Nathan Cole, Head of Wilson's School. The PFA Team is thankful for his sterling leadership qualities, enthusiasm and good humour which inspires us each day.
Further support is provided by the Parents, Staff and Alumni of Wilson's School. This enables the PFA Team to continue to fulfil its aims.
FUTURE PLANS
The PFA would like to continue supporting Wilson's School and carry on raising funds for the educational and social needs of the Wilson's pupils.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document and constitutes a charitable incorporated organisation (CIO).
Appointment of new trustees
The current trustees are as set out below. The Trustees shall retire from office at the AGM and are eligible for reappointment. All elected charity trustees must be a parent/legal guardian of a current student or an ex-student at Wilson's School at the time of the annual general meeting.
(i) The limit specified in clause 12 (3)(c) on the number of elected charity trustees would not as a result be exceeded, and
(ii) The charity trustees may only appoint a member of the CIO as an elected charity trustee who is parent/legal guardian of a current student or an ex-student at Wilson's School at the time of the appointment; and
(iii) An elected charity trustee so appointed by the charity trustees shall retire in accordance with the provisions of sub-clause (a) at the start of the next annual general meeting.
Decision making
Any decision may be taken at a meeting of charity trustees by majority vote of those present provided that;
(a) no disbursement of CIO funds to the School shall be authorised; and
(b) no expenditure of sums totalling greater than £750 for the organisation and facilitating of CIO events shall be authorised.
Induction and training of new trustees
All newly appointed Trustees undergo an induction programme and are encouraged to attend training with the FSI (The Foundation for Social Improvement) to familiarise them of the roles and responsibilities of Trusteeship.
Page 2
ilson's Parents and Friends Association "PFA" Report of the Trustees for thè Year Ended 31 August 2021 STRUCTURE, GOVERNANCE AND IAANAGEMENT Key management romuneration None of the Trustees received any remuneration or b8nefrts. Related partl•• We currently have no direct or indirect financial links with any other organisation. Rlsk managemènt The trustees have a duty lo identrfy and review the risks to which the charrty is exposed and to 8nsur8 appropriate controls are in place to provide reasonable assurance against fraud and error. GDPR Vvilson's PFA conts'nues to adhere to a robust dala protedton p)licy to ensure GDPR compliance. REFERENCE AND ADMINISTRATIVE DETAILS Regl8t•red Charlty number 1172372 Prlnclpal address Wilson's School Mollison Drive Wallington Surrey SM6 9JW Trusts•s D Chinnam P Jain N Guha Y Nagara PYTam V Brajesh Indepond•nt Examlner Pawley & Malyon 14 Auslin Friars London EC2N 2HE Approved by order of the board of tru*ees on behalf by: and signed on its N Guha- Trustee Page 3
Independent Examinerfs Report to the Trustees of Wilson's Parents and Friends Association "PFA" Indopendent examinorfs report kn the trustees of Wll8on's Parents and Frlends Assoclatlon -PFA" I report to the charity trustees on my examination of the accounts of Wilson's Parents and Friends Association "PFA" (the Trust) for Ihe year ended 31 August 2021. Responsibilltles and basis of report As the charity trustees of the Trust you are responsible for the preparation of th8 accounts in 8ccordance with the requirements of the Charrties Act 2011 {Ihe Act,). I report in respect of my examination of the Trusys accounts carried out under section 145 of the Act and in carying out my examination I have followed all applicable Directions given by Ihe Charity Commission under 8eclion 145(5)Ib) of the Act. Independenl •xamln•rfs statement I have completed my examination. l ¢onfiryn that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: accountiThJ records were not kept in respec* of the Trust as required by Section 130 of t Act., or the accounts do not accord with those records; or the accounts do nol comply with the apF4icable requirements conceming the forni and content of a¢Gounts set out in the CharTties (Accounts and Reports} Regulations 2(J)8 other than any requirement that the a¢¢ounts give a true and fair view which is not a matter considered as part of an independent 8xamination. I have no eoncems and have come across no other matters in connection with the éxamination to which attention should dravm in this report in order to enable a proper understanding of the accounts to be reached. D Malyon Pawley & Malyon 14 Austin Fnars London EC2N 2HE Date.. Page 4
Wilson's Parents and Friends Association "PFA"
Statement of Financial Activities for the Year Ended 31 August 2021
| 31/8/21 | 31/8/20 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 15,763 | 275 | |
| Charitable activities | |||
| Senior production | - | 479 | |
| Winter concert | - | 270 | |
| Swimathon | - | 846 | |
| 'Wilson's to Paris' bike ride | - | 435 | |
| London Marathon | - | 878 | |
| Book Café | 1,037 | - | |
| Lower school cake sale | - | 1,087 | |
| Sale of masks | - | 2,204 | |
| Sunflower Competition | 4,913 | - | |
| Online quiz | 1,609 | 1,440 | |
| Matched funding | - | 2,100 | |
| Miscellaneous activities | - | 30 | |
| Other activities | 2 | - | 370 |
| Total | 23,322 | 10,414 | |
| EXPENDITURE ON | |||
| Raising funds | 569 | 1,415 | |
| Charitable activities | |||
| Familiarisation tests | - | 733 | |
| Swimathon | - | 23 | |
| Book Café | 7 | - | |
| Lower school cake sale | - | 23 | |
| Sunflower Competition | 4 | - | |
| Lottery | - | 26 | |
| Online quiz | - | 147 | |
| Miscellaneous activities | 559 | 547 | |
| Ice cream for students and staff | 578 | - | |
| Grants | 11,868 | 30,000 | |
| Total | 13,585 | 32,914 | |
| NET INCOME/(EXPENDITURE) | 9,737 | (22,500) |
The notes form part of these financial statements
Page 5
Wilson's Parents and Friends Association "PFA"
Statement of Financial Activities for the Year Ended 31 August 2021
| 31/8/21 | 31/8/20 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 48,549 | 71,049 | |
| TOTAL FUNDS CARRIED FORWARD | 58,286 | 48,549 |
The notes form part of these financial statements
Page 6
Wilson's Parents and Friends Assoclatlon "PFA" Balance Sheet 31 August 2021 3118121 3118120 Unrestrlctsd Total fund funds Notes CURRENT ASSETS Debtors Cash at bank and in hand 455 58,288 49,467 CREDITORS Amounts falling due wthin one year (918) NET CURRENT ASSETS 58,286 TOTAL ASSETS LESS CURRENT LIABILITIES 58,286 48,549 NET ASSETS FUNDS Unrestricted funds 58,288 48.549 TOTAL FUNDS 58,286 The anCIal s atements Vre approved by the Board of Trust8e8 and authorised for issue on . and were signed on rt8 behalf by.. N Guha- Twslee PJ8in- Stee The notes fonn part of these financial statements Page 7
Wilson's Parents and Friends Association "PFA"
Notes to the Financial Statements for the Year Ended 31 August 2021
1. Accounting policies
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Financial reporting standard 102 - reduced disclosure exemptions
The charity has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
-
the requirements of Section 7 Statement of Cash Flows;
-
the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);
-
the requirements of paragraphs 12.26, 12.27, 12.29(a), 12.29(b) and 12.29A;
-
the requirement of paragraph 33.7.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds; it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Expenses are recognised as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
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continued...
Wilson's Parents and Friends Association "PFA"
Notes to the Financial Statements - continued for the Year Ended 31 August 2021
1. Accounting policies - continued
Fund accounting
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. Other activities
| Other activities | ||
|---|---|---|
| 31/8/21 | 31/8/20 |
|
| £ | £ | |
| Lottery | - | 370 |
3. Trustees' remuneration and benefits
There were no trustees' remuneration or other benefits for the year ended 31 August 2021 nor for the year ended 31 August 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 August 2021 nor for the year ended 31 August 2020.
4. Comparatives for the statement of financial activities
| Comparatives for the statement of financial activities | |
|---|---|
| Unrestricted | |
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 275 |
| Charitable activities | |
| Senior production | 479 |
| Winter concert | 270 |
| Swimathon | 846 |
| 'Wilson's to Paris' bike ride | 435 |
| London Marathon | 878 |
| Lower school cake sale | 1,087 |
| Sale of masks | 2,204 |
| Online quiz | 1,440 |
| Matched funding | 2,100 |
| Miscellaneous activities | 30 |
| Other activities | 370 |
| Total | 10,414 |
| EXPENDITURE ON | |
| Raising funds | 1,415 |
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continued...
Wilson's Parents and Friends Association "PFA"
Notes to the Financial Statements - continued for the Year Ended 31 August 2021
4. Comparatives for the statement of financial activities - continued
| 4. | Comparatives for the statement of financial activities - | continued | |
|---|---|---|---|
| Unrestricted | |||
| fund | |||
| £ | |||
| Charitable activities | |||
| Familiarisation tests | 733 | ||
| Swimathon | 23 | ||
| Lower school cake sale | 23 | ||
| Lottery | 26 | ||
| Online quiz | 147 | ||
| Miscellaneous activities | 547 | ||
| Grants | 30,000 | ||
| Total | 32,914 | ||
| NET INCOME/(EXPENDITURE) | (22,500) | ||
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 71,049 | ||
| TOTAL FUNDS CARRIED | |||
| FORWARD | 48,549 | ||
| 5. | Debtors: amounts falling due within one year | ||
| 31/8/21 | 31/8/20 |
||
| £ | £ | ||
| Other debtors | - | 345 | |
| Prepayments | - | 110 | |
| - | 455 |
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continued...
Wilson's Parents and Friends Association "PFA"
Notes to the Financial Statements - continued for the Year Ended 31 August 2021
| 6. | Creditors: amounts falling due within one year | ||
|---|---|---|---|
| 31/8/21 | 31/8/20 | ||
| £ | £ | ||
| Other creditors | - | 918 | |
| 7. | Movement in funds | ||
| Net | |||
| movement | At | ||
| At 1/9/20 | in funds | 31/8/21 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund 48,549 |
9,737 | 58,286 | |
| TOTAL FUNDS 48,549 |
9,737 | 58,286 | |
| Net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund 23,322 |
(13,585) | 9,737 | |
| TOTAL FUNDS 23,322 |
(13,585) | 9,737 | |
| Comparatives for movement in funds | |||
| Net | |||
| movement | At | ||
| At 1/9/19 | in funds | 31/8/20 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund 71,049 |
(22,500) | 48,549 | |
| TOTAL FUNDS 71,049 |
(22,500) | 48,549 |
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continued...
Wilson's Parents and Friends Association "PFA"
Notes to the Financial Statements - continued for the Year Ended 31 August 2021
7. Movement in funds - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 10,414 | (32,914) | (22,500) |
| TOTAL FUNDS | 10,414 | (32,914) | (22,500) |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Net movement At 1/9/19 in funds £ £ 71,049 (12,763) 71,049 (12,763) |
At 31/8/21 £ 58,286 58,286 |
|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 33,736 | (46,499) | (12,763) |
| TOTAL FUNDS | 33,736 | (46,499) | (12,763) |
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continued...
Wilson's Parents and Friends Association "PFA"
Notes to the Financial Statements - continued for the Year Ended 31 August 2021
8. Related party disclosures
There were no related party transactions for the year ended 31 August 2021.
Page 13
Wilson's Parents and Friends Association "PFA"
Detailed Statement of Financial Activities for the Year Ended 31 August 2021
| 31/8/21 | 31/8/20 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 15,763 | 275 |
| Other activities | ||
| Lottery | - | 370 |
| Charitable activities | ||
| Fundraising events | 7,559 | 9,769 |
| Total incoming resources | 23,322 | 10,414 |
| EXPENDITURE | ||
| Other activities | ||
| Purchases | 519 | 1,084 |
| Licensing | - | 20 |
| Lottery prizes | - | 211 |
| Other prizes | 50 | 100 |
| 569 | 1,415 | |
| Charitable activities | ||
| Computer expenses | - | 402 |
| Communications | - | 34 |
| Advertising | 129 | 62 |
| DBS checks | - | 428 |
| 129 | 926 | |
| Grants | ||
| Donations to Wilson's School | 11,868 | 30,000 |
| Support costs | ||
| Management | ||
| Bank charges | 13 | 89 |
| Insurance | 128 | 127 |
| Carried forward | 141 | 216 |
This page does not form part of the statutory financial statements
Page 14
Wilson's Parents and Friends Association "PFA"
Detailed Statement of Financial Activities for the Year Ended 31 August 2021
| 31/8/21 | 31/8/20 | |
|---|---|---|
| £ | £ | |
| Management | ||
| Brought forward | 141 | 216 |
| Postage and stationery | 6 | 13 |
| Consumables | - | 27 |
| Refreshments | 759 | 143 |
| Gifts | 113 | 174 |
| 1,019 | 573 | |
| Total resources expended | 13,585 | 32,914 |
| Net income/(expenditure) | 9,737 | (22,500) |
This page does not form part of the statutory financial statements
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