REGISTERED CHARITY NUMBER: 280650
Report of the Trustees and Unaudited Financial Statements for the Year Ended 30 June 2024
for
MENORAH PRIMARY SCHOOL PARENT TEACHER ASSOCIATION
Melinek Fine LLP Chartered Accountants First Floor, Winston House 349 Regents Park Road London N3 1DH
MENORAH PRIMARY SCHOOL PARENT TEACHER ASSOCIATION
Contents of the Financial Statements FOR THE YEAR ENDED 30 JUNE 2024
| Page | |
|---|---|
| Report of the Trustees | 1 to 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6 to 7 |
MENORAH PRIMARY SCHOOL PARENT TEACHER ASSOCIATION
Report of the Trustees FOR THE YEAR ENDED 30 JUNE 2024
The trustees present their report with the financial statements of the charity for the year ended 30 June 2024. 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
The Charity is established to advance the education of the pupils of Menorah Primary School by assisting in providing facilities not normally provided by the Local Education Authority, and to foster good parent-teacher relationships.
The Trustee confirms his compliance with the duty to have due regard to the public benefit guidance published by the Charity Commission when reviewing the Charity's aims and objectives and in planning future activities.
Public benefit
The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Trust's aims and objectives and in planning future activities and setting the grantmaking policy.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The Charity received voluntary contributions and income from charitable activities totalling £28,256 (2023: £30,838) during the year and incurred costs on charitable activity totalling £23,743 (2023: £31,218).
FINANCIAL REVIEW
Financial position
The financial results of the Charity's activities for the year are fully reflected in the attached Financial Statements together with the notes thereon.
The Trustees consider the financial position of the Charity satisfactory.
Reserves policy
The Charity maintains sufficient reserves to meet its objectives on an annual basis. At the balance sheet date total unrestricted reserves were £52,522 (2023: £47,486), representing more than one year's expenditure.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Recruitment and appointment of new trustees
It is the intention of the Trustee of the Charity to appoint new Trustees. The Trustee will apply suitable recruitment training and induction procedures.
Organisational structure
The Trustee administers the day-to-day affairs of the Charity. The Trustee does not have any beneficial interest in the Charity.
Risk management
The Trustee has assessed the major risks to which the Charity is exposed particularly those relating to operations and finances. He is satisfied that systems are in place to mitigate its exposure to those risks.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
280650
Principal address
23 Kings Close London NW4 2JU
Page 1
MENORAH PRIMARY SCHOOL PARENT TEACHER ASSOCIATION
Report of the Trustees
FOR THE YEAR ENDED 30 JUNE 2024
Trustees
Mr B Feiner Mrs H M Smith Mr D E Klass
Independent Examiner
Aryeh Melinek, FCA Melinek Fine LLP Chartered Accountants First Floor, Winston House 349 Regents Park Road London N3 1DH
Approved by order of the board of trustees on 22 April 2025 and signed on its behalf by:
Mr B Feiner - Trustee
Page 2
Independent Examiner's Report to the Trustees of Menorah Primary School Parent Teacher Association
Independent examiner's report to the trustees of Menorah Primary School Parent Teacher Association
I report to the charity trustees on my examination of the accounts of Menorah Primary School Parent Teacher Association (the Trust) for the year ended 30 June 2024.
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 Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 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:
-
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
-
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.
Aryeh Melinek, FCA
Melinek Fine LLP Chartered Accountants First Floor, Winston House 349 Regents Park Road London N3 1DH
22 April 2025
Page 3
MENORAH PRIMARY SCHOOL PARENT TEACHER ASSOCIATION
Statement of Financial Activities
FOR THE YEAR ENDED 30 JUNE 2024
| 2024 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Charitable activities Activities from generating funds 28,256 Investment income 2 523 Total 28,779 EXPENDITURE ON Charitable activities Charitable activities 23,743 NET INCOME/(EXPENDITURE) 5,036 RECONCILIATION OF FUNDS Total funds brought forward 47,486 TOTAL FUNDS CARRIED FORWARD 52,522 |
2023 Total funds £ 30,838 143 30,981 31,218 (237) 47,723 47,486 |
|---|---|
The notes form part of these financial statements
Page 4
MENORAH PRIMARY SCHOOL PARENT TEACHER ASSOCIATION
Balance Sheet 30 JUNE 2024
| 2024 Unrestricted fund £ CURRENT ASSETS Cash at bank 52,522 NET CURRENT ASSETS 52,522 TOTAL ASSETS LESS CURRENT LIABILITIES 52,522 NET ASSETS 52,522 FUNDS Unrestricted funds 52,522 TOTAL FUNDS 52,522 |
2023 Total funds £ 47,486 47,486 47,486 47,486 47,486 47,486 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 22 April 2025 and were signed on its behalf by:
Mr B Feiner - Trustee
The notes form part of these financial statements
Page 5
MENORAH PRIMARY SCHOOL PARENT TEACHER ASSOCIATION
Notes to the Financial Statements
FOR THE YEAR ENDED 30 JUNE 2024
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.
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 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.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost unless they are classified as receivable within one year in which case they are measured at the undiscounted amount of the cash or other consideration expected to be received net of impairment.
Financial liabilities that are classified as payable within one year are subsequently measured at the undiscounted amount of the cash or other consideration expected to be paid.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset or settle the liability simultaneously.
continued...
Page 6
MENORAH PRIMARY SCHOOL PARENT TEACHER ASSOCIATION
Notes to the Financial Statements - continued FOR THE YEAR ENDED 30 JUNE 2024
2. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Deposit account interest | 523 | 143 |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 June 2024 nor for the year ended 30 June 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 June 2024 nor for the year ended 30 June 2023.
4. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 June 2024.
Page 7