2024-08-31-accounts

ARK BYRON PRIMARY ASSOCIATION

Parents and Carers supporting Ark Byron Primary Academy Registration number 1179961

COMPANY REGISTRATION NUMBER 1179961

FINANCIAL

STATEMENTS AND

ANNUAL REPORT

YEAR ENDED 31[st] August 2024

C/- Ark Byron Primary Academy, The Vale,

Page 1 ABPA Charity: 1179961 London W3 7TJ [e-mail]

Page 2 ABPA Charity: 1179961 C/- Ark Byron Primary Academy, The Vale, London W3 7TJ [e-mail]

MEMBERS OF THE BOARD AND PROFESSIONAL ADVISERS

Registered name Ark Byron Primary Association Charity registration number - 1179961 Registered office - C/- Ark Byron Primary Academy The Vale, London W3 7TJ THE TRUSTEES Tim Cunningham Marie Louise Paiser Accountant (Review) Diane Beecham County House Conway Mews London W1T 6AA BANKERS HSBC 46 The Broadway Ealing London W5 5JR

C/- Ark Byron Primary Academy, The Vale,

Page 3 ABPA Charity: 1179961 London W3 7TJ [e-mail]

Contents of the Financial Statements ARK BYRON PRIMARY ASSOCIATION for the Year Ended 31 August 2024

		Pag
		e
Cover page and Index	1	to	3
Report to the Trustees	4	to	6
Statement of Financial Activities		7
Notes to the Financial Statements	8	to	10

C/- Ark Byron Primary Academy, The Vale,

Page 4 ABPA Charity: 1179961 London W3 7TJ [e-mail]

ANNUAL REPORT ARK BYRON PRIMARY ASSOCIATION YEAR ENDED 31 AUGUST 2024

The trustees present their report and the financial statements of the charity for the year ended 31[st] August 2024.

THE TRUSTEES

The trustees who served the charity during the period were as follows:

Marie Louise Paiser Tia Muhumed

ORGANISATIONAL DETAILS

Ark Byron Primary Association (ABPA) was set up as a charity on 18 September 2018.

PUBLIC BENEFIT STATEMENT

We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities.

ABPA supports Ark Byron Primary Academy, working with parents and local businesses to arrange events to foster our community and to fundraise, for example fairs, quiz night and bake sales. We use these funds to subsidise enrichment activities for the children at our school and to provide additional equipment.

MEMBERSHIP AND ORGANISATIONAL STRUCTURE

Our membership consists of parents and carers involved with the Ark Byron Primary Academy. The Charity is managed by Trustees who form the Trustee Board. Trustees are elected annually by the members at the Annual General Meeting or are co-opted until the following AGM.

The ABPA Committee is made up of volunteers who are keen to give something extra back to the school community.

Each class has Class Reps (ideally 2 per class) - this role includes keeping parents/carers up to date about activities and getting everyone involved to make our fundraising and events as successful as possible.

The committee is made up of a Chair, Secretary and two Treasurers.

C/- Ark Byron Primary Academy, The Vale,

Page 5 ABPA Charity: 1179961 London W3 7TJ [e-mail]

Currently these positions are held by: Chair: Tia Muhumed

Secretary: Alexandra Foster Treasurers: Marie Paiser & Joanne Cham

BACKGROUND

Ark Byron Primary Academy opened in September 2015 as part of the Ark Schools network. The school is neither selective nor fee paying and welcomes pupils from all backgrounds. As of September 2021, it now has full seven-year groups ranging from Reception to Year 6, and a total of nearly 420 pupils.

In 2018, the school moved into a purpose-built building on the edge of Acton Park and in the same year the charity Ark Byron Primary Association was formed to support the school through fundraising and enrichment projects.

.

A SNAPSHOT OF OUR YEAR

This year has been about continuing to build the community, commitment and support needed to support the school in enriching the lives of the children. We wanted to focus on spending much more of our raised funds to reduce the amount in the account and ensure funds raised are spent on children in the school.

This year we repeated the success of our previous Winter and Summer Fairs. We also facilitated another Charity Fundraiser in Albie’s name by offering our platform to sell tickets to a karaoke night organised by the teachers. Funds raised (minus costs) will be sent to a Cancer Research together with additional funds that are still being raised.

We continued the success of our Theatre Fund to ringfence the profit from ticket sales at school productions to purchase props and costumes for the shows. We spent on multiple workshops and school trips as well as new equipment for school clubs.

We successfully paid for new lighting in the MUGA

STRATEGIC DEVELOPMENT

We are planning to purchase new role play items for Reception and cover the cost of more interactive learning for the children. We want to continue our support of the library and enhance the areas of school dedicated to children with additional needs.

GOVERNANCE

Our trustees, chair and Treasurers communicate regularly and meet every other month and we hold an AGM at the start of the school year and again in January.

THANKS TO OUR SUPPORTERS AND FUNDERS

Thank you to all the children, parents and carers for supporting ABPA during the year. Thank you also to our regular donors and to our main event sponsor CityDeal.

GOVERNING DOCUMENT

Page 6 ABPA Charity: 1179961 C/- Ark Byron Primary Academy, The Vale, London W3 7TJ [e-mail]

The Society is governed by its Governing Document which established its objects and powers. In the event of the charity being wound up all assets would revert to the school.

PUBLIC BENEFIT STATEMENT

We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities.

FINANCIAL REVIEW

Full details of the charity’s finances are given in the Statement of Financial Affairs.

TANGIBLE FIXED ASSETS AND DEPRECIATION

All assets costing more than £1000 are capitalised and valued at historic cost. Depreciation is charged on IT equipment which is written off on a straight-line basis over their estimated life of three years

RESERVES POLICY

The Trustees are committed to a fundraising strategy aimed at maintaining the unrestricted reserves to at least three months of core operating costs. We strive to ensure that funds raised are spent promptly by the school to ensure the children and families that raise the money, reap the benefit.

Signed on behalf of the trustees.

---

_________ XXXXXXXX Trustee (date)

C/- Ark Byron Primary Academy, The Vale,

ABPA Charity: 1179961

Page 7 London W3 7TJ [e-mail]

Ark Byron Primary Association

Statement of Financial Activities for the Year Ended 31 August 2024

	Notes	Unrestricted Funds	Unrestricted Funds	Restricted	Funds	Total Funds	Total Funds	Total Funds
		£		£		£
INCOME AND EXPENDITURE
INCOME AND ENDOWMENTS FROM
Donations, Gift Aid and legacies			1813					1813
Fundraising for School Related Causes					1,500			1,500
General Fundraising			26,694					26,694
Total			28,507		1,500			30,007
EXPENDITURE
Cost of General Fundraising			13,022					13,022
Enrichment payments on behalf of School			28,506					28,506
Payments towards Librarian			4,000					4,000
General Committee Expenses			801					801
Bank Charges			78					78
Insurance			140					140
Total			46,547					46,547
NET INCOME/(EXPENDITURE)			-16,540		0		-16,540
CASH FUNDS FROM LAST YEAR			32,367					32,367
CASH FUNDS THIS YEAR END			15,827		0			15,827
STATEMENT OF ASSETS AND LIABILITIES AT THE END OF THE PERIOD
CASH FUNDS
Bank			15,827					15,827
TOTAL CASH FUNDS			15,827					15,827

The financial statements were approved by the Board of Trustees and authorised for issue on

Date: …………………………….

And were signed on its behalf by:

____ ____ Trustee Trustee

C/- Ark Byron Primary Academy, The Vale,

Page 8 ABPA Charity: 1179961 London W3 7TJ [e-mail]

Ark Byron Primary Association

Notes to the Financial Statements

for the Year End ed 31 August 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

Liabilities are recognised as expenditure 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 corporation 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.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees’ remuneration or other benefits for the year ended 31 August 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 August 2024.

3. Charitable fundraising

Details of the main fundraising events during the year are as follows:

	Income	Income	Expenditure	Expenditure	Expenditure	Net Fundraising	Net Fundraising
	£		£			£
Restricted Funds
Teacher Karaoke (Charity Fundraiser)		1,500			0		1500
Unrestricted Funds
Summer Fair		5,692			-1,943		3,749
Winter Fair		3,804			-824		2,980
Xmas Merchandise		2,105			-1663		442
Readathon		693			-332		361
Movie Night		316			-166		150
Ark 21		30			0		30
Eid Event		728			0		728
Theatre Production Support		703			-705		-2
ABPA Sitters		140			-73		67
Mother’s Day		501			-359		142
Ark Byron Book		2,192			-1,779		413
Author Visits		1,081			-965		116
Uniform Sales		1,354			0		1354
World Book Day		1,615			-528		1087
Other Fundraising		2,717			0		2,717
Arts Week		506			-110		396
Staff Collections		3,285			-3,575		-290
		27,462		-13,022			14,440
Donations and legacies		1813
Total Income		30,775
EXPENDITURE
Cost of General Fundraising (as above)				-13,022			-13,022
Payments towards Librarian				-4,000			-4,000
General Committee Expenses				-801			-801
Payments on behalf of School				-28,506			-28,506
Bank Charges				-78			-78
Insurance				-140			-140
Total				-46,547			-46,547
NET INCOME/(EXPENDITURE)				-16,540			-16,540

CASH FUNDS FROM LAST YEAR			32,367		32,367
CASH FUNDS THIS YEAR END			15,827		15,827
STATEMENT OF ASSETS AND LIABILITIES AT THE END OF THE PERIOD
CASH FUNDS
Bank			15,827		15,827
TOTAL CASH FUNDS			15,827		15,827