Friends of the Mendip School PTA CIO Report and Accounts 31 August 2024 Charity number. 1190007 Friends of the Mendip SchotJ PTA CIO Report and accounts Contents Page Charity infom)*ion RepDrt of the trustees Statement ol financk41 ￿tivitieS Stalemenl of financial position Noles to the a¢￿unt$ Detsiled statement of financial actniiti&8 Tru$tees Natalie Hanna Beth M&one Abi 8rown PrinGipal address The Mendip S¢hool Friends of the Mendip Schod PTA CIO Report and accwnts Edmund Rack R08d P￿slIg19h Shepton Mallet BA4 4FZ Bankers Lloyds Bank pl¢ Butler Place Chdmsfor(J Legg st OSC 1 Lègg Street Essex CM1 1JS Charlty numbér 11 g)007 Respectlve responslbllides of trustees The charity's trusleesare reSp￿SiNe forthe preparat￿ of the acwun15. The charity's Iruslees consider that an audit is nol required for this year LtThJer section 144 {21 of Ihe Charities Act 2Q111 {Ihe 2011 Act) Friends of the Mendip School PTA CIO Report and accounts Trustees report For Ihe perlod ended 31 August 2024 ObJeelfve$ and Aetlvilies The ITuslees present their report and fin￿￿1￿1 statements for the p￿Dd ÈrKled 31 August 2024. The finanGial stateThpnts have been prepared in ￿)rdar￿e ￿th the acLX)unting wlicAes sel outin note 1 to tt financial statements and COM￿Y￿1h Ihe charitys govemin9 dogJmenC the Charities Ad2011 and "Account and Reporting by Charilies.. Statement of recommended Practice applicab￿ to charities preparing their acrounls in aoixjtdance with the Fin￿la1 Reporting Standard applrcable in t1￿ UK and Republic of Ireland IFRS 1021 leffectiV8 1 January 20191". Purpose All proceeds from events and adivilies Organis￿ by the PTA are used ID SUPPOrt Ynrk of the school. Decisions about expenditure priotilies are t*en by members of the PTA at meetings or thmugh Èmail cornmunications. in c¢)njunction bith the sthol's senior mawÈment learn. arnl in this respect the PTA has due regard to the guidanrs t¢ the Charity Comnisson on public bendil. The Charity benefits the sthool aged children attending The Mendip School. Trustees are nol pa￿. All activities are undertakan by volunteer5 ￿1th the support of SC￿01 staff. We work wtlh schoolslaf to applyfcf grants arKI trust fvrKJiryJ lo suptx¥t c¥vJc*r*J appeals and proi8ds that the school a￿ plannirKJ or have in place. This conbrvjes to swport enriching the opportunities for sludents ar their families. Achievements and Perfomianco We would like to thank all the parents and SC￿ staff as as fri￿d5 of the sdMx)I forlheiroroong suppo has remained a dillicult tinE tofundraise wth orwirYJ cost of IiMrwJ crisis in the comiunity 8nd the drffi￿ll in Organisiru events wth huge pressures on parents and carers. The focus remainsfor ourfundrai&ng to sutwl wth adcfthcmal resources. equiwnenl aThJ support. We are currently supporting the install*"on of I￿￿kil6 pots for addlional space foritNliwdu81 and small group support. Vvc are also suptN)rting StrKknt Coun(il in thwrfundrasing effcrts for new playground equipment which is fully inGlusive and wll to the itenE already furKtssed for. We are also focussing in developing sustainable areas lo support our horticulture. The trustee5 a￿ extremely grateful f￿the supsX)rt of parents and ftieThJs of the sd)od in cl¥)osiTrJ to fundraise for the PTFA through sponsored activities orMJoing donations ol tirne and funding. FINANCIAL REVIEW Financlal posldon We have raised small arn￿ntS thi5 year both from tnjsts. gTarht5 and indiwidual fundraisTng and are in a healthy position to support the O￿oing appeals from the school arKJ support neY4 ideas for fU￿raISing. Income for the period VBS £112.678. ExpeThJiture during the period was £136,316. Al 31 Augu512024 total funds wèrè £34.023. See fvll, detsiled. audiled accounts at the pnd of Ihis rEPOrt ReseNes policy We have our chariiable bank account arnj maintsin 8 reserye of £600 lo have a fk*al and expenses for any planned events. STRUCTURE, GOVERNANCE AND MANAGEMENT The charity is controlled by its constiknlK>n wFu"ch is bawJ on the PTA modd and alopted at the fomalion of the charity. Twstees are nominat&l and elected for 3 years at the AGM. STA TEMENT OF TRUSTEES'RESPONSIBIUTIES The trustees are responsible for preparing the Trustees. Repc¥t aThJ IhefinarKial s121enEnts in accordance ￿•th applicable law and United Kingdom A(rourhting StarKJards Iuniled Kingdom G￿erallY Accepted A¢¢ounling Praclicel. The law applicable to charities in England arKI Wales reqLires the Irustees to p￿pare linancial stalements for each financial year vthich give a true farvièwof thè slatè of affairs of the charity and of the incoming resources and applicaliorn of resources of the charity for Ihat year. In preparirvJ th85e fir)ancial statements, the Irustees are requir&J tD- - select suitable accounlirvJ policies and tlw) apply them consistwUy- - observe the rnelFKds and principles in the (*aribes SORP., - make judgements arKI estimates that are reasonable arKI pnjdent., - slate whetl*r applicable 8ccounlirwJ standards have been follos%Ed, subject to any material departures Friends of the Mendip Schoof PTA CIO Report and accounts disclosed and explained in the financial Stat￿￿ents.. - prepare the financial State￿EntS on Ihe going co￿eM basis unless it Is inappropriate lo presume that the charity will conlinue in operation. The trustees are responsible for keeping S￿l￿entac¢￿nting records Ihat disclose wlh reasonable accurdcy at any time the financial posts.on of the charity and enable them to ensure that the fnancial statements comply th the Charities Act 2011, Charity IAGGounls and Reports) Regulations 2￿)8 and the provisions of the constitution. They are also responsible for safeguarding assets of the charity and hence for taking reasonable steps for the prevenliorh and detection ol fraud and other irrpgularities. Approved bythe board oftrustees on". t) b. . and sijned on its beha by.. Friends of the Mendip School PTA CIO RetM)rt arKI accounts 11gf.Q4-. Rtreipts and payments accounts CC16a CHARITY COMMISSION ' FOQ IKGL4NOK4D WAES ForthÈ period from O i O.- -.fj?I To Section A Receipts and payments Unr¢stri¢ nds End¢*ineTht ufftd$ fvnds Total funds L4$t year tothè tr* lh• tr*th• nwMt£ toth• nq¥rq%t£ to th* n￿re A1 Recelpts Donations. legacies and grants Fundraising events. eg raffles. jumble sa18s,coffee momings etc 16240.5 91217.42 107A58 12445.95 5219.76 5220 3305.54 Interest on deposit account Sub total(Gross incorne forARJ 21A60 91217 112.678 15,751 A2 Asset and investment sales, (see table). Sub total Total receipls 21A60 91217 112,678 15.751 A3 Payment5 Cost of fundraising evenL8 £154.80 15S 24789.1 136061.3 Grants and donations paid Costs of charit2ble acbvities 136,061 £100.00 100 Sub total 2SS 136061 136J16 24.789 Friends of the Mendip School PTA CIO Report and accounts A4 Asset and invesknent purchases. (seè tablÈl Sub total Totalpaym•nts 2S5 136.061 136216 24,78 Netof re¢eiptslpaymentsJ A5 Transfers betsveen fvnds A6 Cash lunds last year 21205 23.638 9.038 Cash fvnds this year end 21205 44.844 23.638 9.038 Section B Statement of assets and liabilities at the end of the period Unrestricted Restricted Endowment funds Categories Details to neats$t £ to nearest to nearest £ B1 Cash funds Bank Account ILloyds Business) 34,023 Totsl cash funds 34.023 lagree tsalar￿eS with eipls and payments accountlsll OK Unreslricted frjnds Restricted funds End¢)wment funds to neare5t£ to nearest to nearest £ Details assets Fund to which Cost (optionall Current value loptionall Details bèlongs Friends of the Mendip School PTA CIO Rewrt and accounts B3 Investrnent assets Fund to which asset belongs Cost loptionall Current value loptionall Details 84 Assèts rètsrn•d for the charity's own Fund to which liabillty relates Amount due loptionall When due loptionall Details B5 Liabilities Signed by one or two trustees on behalf ol all the trustees Signalu Print Name Date of approval Natdie Hanrta 23.05 25 2Z.oS. Friends of the Mendip School PTA CIO Rewt and accounts The notes below form an int&Jrdl part of these xcounts NolFs ¢0 a¢￿tsnts I Prindple ac¢ounting policies Friends of Mendip School PTA ao is a thritable ￿0￿Orat￿l Organisation The principal accounlir¥J policies adopted in the prepardtion of the financial Stat￿￿ents are Sel out below- Basis of pwaratioft The financial slalements have b￿n prepared axordance ￿1th the c￿ty,5 goverryng document, the Charities Act 2011 a)d Accounting arKI Reporti￿ By Charities: Statement of R8comm8nded P￿ticÈ applicableto charitEs weparin9 Iheiracwjnls in accordancewith the FInar￿la1 Reporting Standard applic&)le in the UK Republic of IrdaThY IFRS1021 {effecb've 1 January 2019). The clwrity is a Public 8er*fit Entity as dèfined by FRS102. The charity has taken advantage ofthe provison5 inthe SORP forcharities apFlying FRS 102 Update Bulletin 1 not lo prepare a Statement of Cash Ftows. The financial statements are prepared in stertiThJ. vthich is the fLrtional currency of the charity. Monelary amounls in these financid statements are roundwj lo the nearest £ The financi￿ State￿ntS have been prepared under t1￿ h"sloiical cost convention. prirKipal accounting polici&4 adopted are set out bdow. Fund Accounting Unreslrictwj fun¢Js8fy 8vailaNeftruse at the discr9t1￿ of the Intsteesin fUrttr￿ran￿ ol the ger*ral obie&ives of the charity. Restricted FurKls are subpc*d to restriction50n theirexpEndiknre imposed bylhe donor or through the temis of an 8ppe81. In¢omlng Resources All incoming resources are i￿lud￿j in the ststernenl of financial acfivities ithen the charity is enlitled lo the income and the amountC8n be quantil￿d vAlh ￿8S0r1*￿eac¢)1Wy. Tr fdlt)vAng S￿￿11C rx)licies are applbed lo particular categories of income. Voluntary income is received byway of grdnts. donat￿￿ and gifts is InclUd￿j in full in Ihe Slalement of Financial Activib"es when receivabte. Grants, vthe￿ enlillementis r(Jtconch"tional on the delivery of a specific performarKe bylhe charity, are Tecognised when the ch￿ty becomes uncoryjilionalty enlilled lo the grant. Donated seNices and facilities are in¢lud8d at thg to the Charity whetg tr￿$ Can be quantified. The valuè of seNiix promded by vdmteers has not been included Èn these accounts. Inveslment income is included when receivable. Incoming reSoU￿eS from charitable trading aclbvity are accounted for vthen eamed. Incoming resources from grants, whwe related to perfOr￿￿r￿e and s￿￿1Cdel￿e￿dbIes, are accounted foT as the charity eams the riglrt to consideration by its pwform8nce. Resour￿$ expended Expendilure is reCOgn￿ed cffl an accwal bas5 as a liabilty is incuffed. Expenditure includes any VAT which cannot be fully recovered. Costs of generaliro furyjs C(Wnpri￿ those cosls 8ss0(yaleiJ wilh attrdcong vol￿* income and the costs of Irading for fundraising purpose5. Charitable expenditure Gompri5es Costs i￿￿rred by t1￿Char[ty IN the delNeryof its and servtc lor its bendioaries. It includes both costs Ihat can be allotstEd direclyto such actiwbes and those costs of an indirect nalure necessary to support Ihern. Governance costs i[￿lUde those costs ass¢xia￿ wlh meeting the conslitrrtiOTpI arKI 5tatsJlory requirements of the charity and include the examinefs fees and ¢osts linked to the strategic management of the charity. All costs arè allocated betr￿een the expeThfitre catwries of Rec*pts and Paymènts account on a basis desigr*d lo reflect the use ol the resource. Costs relatirwJ to a partiCLd& activity are allocated dire¢tly, othe are apportioned on an appropriate basis. Cash and equivalents Cash and Gash equivalents include cash in h￿d. deposits hdd at c811 wth banks. other short-lem liquid inv8slmenls wth original maturities of three montfrk8 orless, arKI bank ov￿draftS. Bank 0V￿d[afts are shown within bomwngs in currant liabilities. Employee Inforniatlon Avuage number of employees O No èmployees received remur*ralion exceeding £60.Cm. Friends of the Mendip Schcd PTA CIO Report and accounts Trustees inforniation Trnjslees remuneration and expenses £0 Related pty transactlon$ There We￿ Flo related party tr￿SactIonS during the period.