Inde endent examiners re ort on the accounts Respective responsibilities of trustees and examiner The charity's committee are responsible for the preparation of the accounts. The charity's committee consider that an audit is not required for this year under section 144 of the Cliarities Act 2011 ("the Charities Act") and that an independent examination is needed. It is my responsibility to: examine the accounts under section 145 of the Charities Act, to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and to state whether particular matters have come to my attention Basis of independent My examination was carried out in accordance with general Directions given Dy tne examinerfs statement Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair, view and the report is limited to those matters set out in the statement below. Independent examiner's In connection with my examination, no material matters have come to my attention statement which gives me cause to believe that in, any material respect: the accounting records were not kept in accordance with section 130 of the Charities Act; or the accounts did not accord with the accounting records. or the accounts did 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 fairf view which is not a matter considered as part of an independent examination. I 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. Signed: Date: i( [L12¥ Name: NLYL QOtr4 L L Address: L IrfNJ gCifL r
Statement of Financlal Activitles for Christ the Savlour CE Prlma School PTA for the ear ended 31 Au ust 2024 Year ended 31 August 2024 Year ended 31 August 2023 Note Incomin Resources Voluntary Income and Donations Fund raising events 56,486 50,913 Interest income 213 60 Total incoming resources 56 699 50 973 Resources Ex ended Fund raising costs (14,294) (12,611) Other expenses (294) (224) Total resources expended 14 587 12 835 Net income resources before donations to the school 42 112 38 138 Donations to the school 38 000 50 000 COVID-19 donations Net Incomin resources 4112 11862 Total funds brought forward 43,599 55,461 Net incoming resources 4,112 (11,862) Total funds carried forward 47 711 43 599
Statement of a55ets and liabilities for Christ tlie Saviour Cl Prlmar 31Au ust 2024 School PTA for the ear ended sets Note 31 AuRUSt 2024 31 AuRust 2023 tash at baiik 11,078 35,209 Cash deposits at bank 36,634 8,390 Debtors Total assets 47 711 43 599 Liabillties Net Assets 47 711 43 599 ital Accounts Retained earnings 47,711 43,599 Total capital 47 711 43 599 Signed: Date: io/oL/ti Jihan Sharma - Treasurer
Notes to the accounts Note l - Accounting pollcles The charity generates income tliroiigh fuiid ralsiiig e.veiits. Tliese are targeted at the children ano parents of tlie scliool witli teaclier siJiii)ort. Tlie cliarity will spend money to host these events and purchase stock to sell clt tlieiii. Tlie events are Iiosted by niembers of the PTA Committee, teachers and parents of the school wlio give tlieir time free of charge to assist. Basis of accounting: These accoijnts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and with the Charities Act 2011. There have been no changes to accounting policies or material errors identified in the accounting period. Going concern.. The accounts have been prepared on a going concern basis. The charity's expenditure is on fund raising events and it has minimal ongoing obligations or expenditure requirements. As such, the PTA Committee who oversee the charity are of the view that the charity has sufficient resources to meet its obligations for the next 12 months and will continue to operate as a going concern. Income Income is received by the charity from a number of sources which include: organising fund raising and sponsored events; receiving donations from parents and other sources; earning interest on its cash deposits. Income is recognised in the statement of financial activity when: the charity becomes entitled to the resources; it is more likely than not that the trustees will receive the resources; and the monetary value can be measured with sufficient reliability. There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102. Interest income is recognised in the statement of financial activity when it is received.
Notes to the accounts continued Note l - Accounting policies (contlnued) Income (continuedj Income from fuiid raisiiig events is recognised at the point in time at which the event takes place. ?ift Aid receivable is included within income when there is a valid declaration from the donor. Any Gift Aid aniouiit recovered on a donation is considered part of that gift and is treated as an addition to the iiiitial donation unless the donor or the terms of the appeal have specified otherwise. The charity did not receive any grants during the period (2021: nil). Donated goods and services received (included those for resale) are not included in the statement of financial activities due to the imDractical nature of measurinR them. Cash donations are recoRnised at the value of the cash received. Goods donated for on-going use by the charity are recognised as tangible fixed assets and included in the statement of financial activity as incoming resources when receivable. Goods donated which have a value of less than £1,000 are not recognised on the balance sheet. The Trustees assess any gifts donated over the value of £l.000 to determine whether the asset should be capitalised on balance sheet. Gifts in kind for use bv the charity are included in the statement of financial activity as income from donations when receivable. Sponsorship income is recognised in the statement of financial activity when the event has taken place and the obligation giving rise to the terms and conditions of the agreement have been met. The value of any voluntary help received is not included in the accounts but is described in the trustees, annual report. Expenditure Expenditure is recognised when it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty. Fund raising costs represent the costs associated with hosting events organised by the charity and attended by parents, teachers, children, friends and family from the school. They are accrued as and when the legal or constructive obligation to make a payment arises. Other expenses represent costs incurred by the charity that are not linked to fund raising activity. They include bank charRes, miscellaneous charRes and membership fees to Parentkind, a national UK PTA association.
Note l- Accountlng policies (continued) Expenditure (continued) Donations made by the charity to the school are recognised in the financial year in which an obligation to make a payment by the charity to the school arises. This is typically when they are approved at the annual qeneral meetinR (AGM) or have been approved bv parents from the school who are entitled to vote at an AGM. Assets The charity does not have any fixed assets. Fixed assets are recognised when they have an initial value of £1,000 or more and the capitalisation of them is considered appropriate by the trustees. Debtors are measured on initial recognition at the settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received. The Charity has cash at bank and cash deposits with a maturity date of less than one year. They are held for investment purposes and to meet short term cash commitments as they fall due. Liabilities The charity has minimal liabilities as at the balance sheet date. This is due to the charity paying for most of the services that it received up front. Also, the charity operates around the school year and there are minimal events organised or in place around the month of August due to school holidays. Capital accounts Capital accounts represent retained earnings for the charity. All funds are restricted in that they can only be used under the terms of the memorandum and articles of the charity, to make donations to the Christ the Saviour CE primary school. Employees The charity does not have any employees.
Notes to the accounts continued Note 2- Fund raisinR events income and expenditure Year ended 2024 ar ended 202. Expendlture (£} Teddy Bear5 Picnic Second Hand Unifom 511 1.765 1.397 fir•work5 craft event Quiz Nhl (November) replaced by PTA Xmas party Christmas Cards 430 (131 1,660 814 1,172 Santa Letters 455 651 Elfridges Stall Santa Dash 2,727 (2,418) 230) (1,864) 4,445 (1,866) (350) 1,013 951 Christingle fair Sweet sale 10,540 11,423 (2,859) 581 Give as you live / Mini mile Easy fundraising (New) PTA Xmas party (New) Book reading challenge (New) Recycling company clothes (New) Parent reception breakast Ecokids 795 571 788 4,271 (2,015) 2,528 148 90 (59) 172 Grove Discos 2,635 (30.0) 1,994 12 Pancake stall 225 (40) World book day stall Mothers day flowers Easter stall 151 101 19 1,371 199) 299 (Sa Quiz Night (May) Donation as cancelled event Book sale 400 536 199 Broadway Disco Summer Fair 4,701 12,241) (5,339) 3,573 (1,580) (3,968) (15) 16,765 16,033 Diamond Jubilee 992 Non-uniform day Amazon Smile Scheme 2,449 2,309 60 Year 6 production stall Gift Aid 1,239 35 533 29 Macmillan coffee morning crs Canvas bags with logo Valentines day stall 311 260 (259) (642) 30 256 56,486 114,294) 50,913 IIL,OAIi The table above sets out the income and expenditure for each of the fundraising events held over the course of the financial year.
¥ote 3- Donations to the sc.hool Tl)e charilv niade donalioiis to the scliool of £38.CXX) (2023: £50,CKX)) diiring the financial year which was approved at tl)e AGM tliat took Dlace on 4 October 2023. This donation is recogniseo In TrL accounts for the year ended 31 August 2024 being ttie Deriod in which it was aDDroved bv the A, Induded iii this aniount was a £3,000 (2023: £5,000) donation to the hardship fund operated OV I Khool. An AGM was held on 3 October 2024. At the meeting, a donation was approved to be made to the school of £42,(X)O. This included a donation of £3,0(X) to the hardship fund which was also approved at the same meeting. These donations are not reflected in the accounts for the year ended 31 August 2024 as no obligation to make the donation arose in the financial year. Note 4- Debtors There were no debtors at year end (2023: nil). Note 5- Liabilities There were no outstanding liabilities at the balance sheet date.