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2022-08-31-accounts

Trustees. Annual Report for the period From Prk¢ St9￿ da To Puriod d£lL, Charity name Shcen Mount Primary Schcol Pcircnt Staff Associ8llon IPSA> Othèr names charity is known by Registered charity number111 any) Charty's princlpal address 295212 [￿en MrASnl PrjTrpfY SLhool Ivasi fernP￿ Shoer. Eas", Sbpen LoTrJon Postcode SV1147RT Names of the charrty trustees who manage the charity D•tè6 4Gl•d il not IN wholè Cfficv rrf arry} year Headteather Namt ff pèrson IOT bottyl *rttlt typpolni trusthe any) Trust•• name 1 lan Hutchir,gs 2 Su£ann9 Male 10 11 1? 13 14 15 16 17 19 2022 TAR

Nwne5 Of the trustee5 for the charity, if any, {for example. any custodijn trustees) Name Dates acted if not for whole ear Names and addrt$5es Of advi￿[5 (Optional informati¢￿> of advis Namg Addrèss Nam• ol chlel executlve or ftamts Of sefiltsr staff members (Optlonal Informatlt)n} lan Hulehines IHe8é N4aslerl Descrlpllon of the charlty's trusts Conslilulj￿. Type of governing doojment IV4. Ifuiii How the charity is constituted Ass¢cialiOn. Trustee selection methods Truslees are elected by the ￿rent bcxjy of the school ITr an annual meeting in the AulunM temi of Ihe sctKK)I caksndar. I&L. dJPLMf.L￿￿ ijy, vreLIv' Additional governance issues {Optional infomiationl The PSA is a chafty.. w￿ch is by a committee elected each year at the Annual General MeeDIVJ {AGM You may Choose to ff7clude diliunal intormation. where relevanl. 8bouL policip.s and wocp.dLJres adopled for tlie induction 4rvJ trainirMJ of tru5tee5: the charity's orqanisational Struelu￿ anrt any wider nel%¥ork wilh which the charity vgrk5', relat￿nShip wrth any rclatcd ?artibs'. tnislees, consider81ion ol Inajor ribks and the system and procedlres to rnar￿qe thcm. The ?riontie5 Dt the PSA each year we driven by the o>jecb"ves and need5 of thc sctWXJl. Fundraising is important. but cqualy imp(￿lant is thc PSA role in tKinging togeiher ihe wider school commijnity. The key objectives can te sumrnarisee as: - To &Jvance the cducats'on and dcvcloprnent of the pupils at Sheen Mouni Prirnary Schr)ol by prc)viding a%sL%Dr¥J In thA provi.sinn Df facili1￿$ for edur41ion and developmenl iiot required to be v*rovided Inor funéedl by the local education authority - To foster. assist and develop the community in and around the schwl, enh¥￿ing communi￿tiOnS '.vithn rlnd bCfv.'eL￿ Students, parenlslguArdnns, school 8LAff. Ihe Board of Governots and exlernal or9anisatsons who work wilh Ihe schts)18nd 115 Students. Jodi Hunt and AThJrew Garfler￿r were C￿hairS of the PSA this year an they led a commrttec {alsD Votcd in thc AGMI to dolwor ag￿nst the abova ob Cctsvès. TAR

Our aim as a PSA Commrtlee 15 ￿.￿l01d - Comrn%Jnity: to holp aebeb? and sustain posrtive relab'c￿$hipS behveen all par&nts: aNI be￿1) the p8renTs an¢ staff bodi at thp. %thhDI. - Support: Through Org￿￿￿1 fundrdising everils. can Suptmyl the sthool financialli creatng tho t)ost loarnirvJ 0nwr0nw￿nt possible for our chiklren. Our objectives as d PSA is lo rdfae furids fof Ihe school lo aid wilh funding equiprnent sup¥ies for Sheen Mount schwl, Summxy of thè obj•cts of th• charlty Set oui In govÈrnlng dxument We also Say 8 role of ￿eating and iKlitsiv8 •)d w•koming communty and knk tD cre8te 8 diverse Ccilendar of events for everyone ro enjoy Events aTrJ XtIv￿e5 that tjxk plxe Jre as follow5: Parcnts paty for recoptK)n aThJ year 1 parents Aulvmn ball Chrthas fair Chftstrnas tree and Chnstrnas card sales Easrcf Egg hunt Smilp fnr fj monlal t.allh iritsatsv li evei)Ing Surrrner fair Childrcn s scknl discos Ea%￿LIn(Ir2IAl[1C And Amaz￿SMI￿ c￿ntrIbU￿.0nB Fun rui) 100 Club bttery. Summary of thè main activitiès undertakèn for the publ1¢ benefll In relation t¢F Ihese objects linclude wilhin this scction tho statutory dÈclaratlon that trustèÈs hav• had regard tp the guidance i55ued by the Charity Commission Dn public bonefit) Additional detsils ot obj'ectives and activities (Optional information) TAR 2022

We work with our ?arent and carer nework as volunteers to support the PSA comrrAttee running events and initiatives throughout the school talenJar. You fftay choose lo include further staiemenls. where relevant. about.. rK)liry on cJr8nlffBkiffj; policy prograrnie related Investrncnt,. C￿ntrIbl111on In*Je by volurileers. TAR

Summary ot the main achievements of the charity during thè yèar The biyye¥l lundr¢iiber¥ were: £31k Aulumn Ball £20k Surnmer Fair £20k far tho Chnstmas Fair arKi salo ol Christmas Trees £24k raised throl￿￿ 10 other events including ChrLthas Shows, Fun Run. Schwl DisGo, Easler Egg Hunt and qiJ17 niglit. TAR

'Ne keep a reseive of £20k per ca lendar year as a reserve pol The Brief statement of the current reserves sit at £70k. charity's policy on reserves

Details of any funds materially In deficit

furthor financial review details (Opti onal information)

Section F

Other optional information

The trustees declare that they have approved the trustees' report above.

Signed on behalf of the charity's trustees

Suzanne Mai le Full name(s) Ian Hutchings

Position {eg Secretary, Chair, etc) Co-Chair

O ate

TAR

6

NO\' 2022

Sheen Mount Primary School bbe51 TTrmple SIELr', I nncjn Sbb14 IAT .' Vé..) ¥87fi F.J94 frIX" SB78 &5b8 Parent Staff Association H*gistE￿￿ f.tr&)rii Numvp.r'. 29)212 To whom it may concern, Please tske this a5 formal notice that the previous two trustees of the Sheen Mount PSA Registered Charity, IAN ROBERT HUTCHING5 (Date of birth 1210311973, Appointed 1210312011, Resigned as trustee 1510712021) and SUZANNE MAILE (Date DI birth 2610411951, Appointed 1210312011. Resigned as trustce 1510712021), have ￿sIgnC￿ from the school and hence we have new newly appointed trustces. Mr T Holmes. the Head Teacher and Mrs O'Bricn, the Dcputy Head are both now ft)rmally recognised a5 such on the Charity commission Website as of 261091XXX2022. Kind Regards. Sophie Creamer

SiRnature: lan Hutching5 1711123 Signature: Suzanne Mailp Ill￿&￿....1￿1&aR..._.ID3te:...Ifsl, 123.) SIBnatU￿. Tom Holmes .{Date- L Signature.. Maria O'Brien Named contact at the Sheen Mount PSA Charity and Co-chair of Sheen Mount Primary School PSA.

Charity Registration No. 295212

SHEEN MOUNT PRIMARY SCHOOL PARENT STAFFASSOCIATION Annual report and unaudited financial statements For the year ended 31 August 2022

SHEEN MOUNT PRIMARY SCHOOL PARENT STAFF ASSOCIATION LEGAL AND ADMINISTRATIVE INFORMATION

Committee Members

(To be finalised on date of signing)

Jodie Hunt Yuting Jiang Dounia Gassa Andrew Gardener Calli Louis Alicia Hickman Tamsin Bryant Arabella Ferrer

Charity number

295212

Principal address

Sheen Mount Primary School West Temple Sheen East Sheen London SW147RT

Independent examiner

Gail Ledger

SHEEN MOUNT PRIMARY SCHOOL PARENT STAFF ASSOCIATION CONTENTS

Page

1 Committee report
2 Statement of Committee responsibilities
3 Independent examiners report
4 Statement of financial activities
5 Statement of financial position
6 to 11 Notes to the financial statements

SHEEN MOUNT PRIMARY SCHOOL PARENT STAFF ASSOCIATION INDEPENDENT EXAMINERS REPORT

TO THE COMMITTEE MEMBERS OF SHEEN MOUNT PRIMARY SCHOOL PARENT STAFF ASSOCIATION

I report to the Committee members on my examination of the financial statements of Sheen Mount Primary School Parent Staff Association (the Association) for the year ended 31st August 2022.

Responsibilities and basis of report

As the Committee members of the Association you are responsible for the preparation of the Financial Statements in Annual report and unaudited financial statements for the year ended 31 August 2022.

I report in respect of my examination of the Associations Financial Statements carried out under Section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable directions given by the Charity Commission given under section 145(5)(b) of the 2011 Act.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

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 financial statements to be reached.

Gail Ledger F.C.C.A

Dated: 27 November 2022

Page 3

SHEEN MOUNT PRIMARY SCHOOL PARENT STAFF ASSOCIATION STATEMENT OF FINANCIAL ACTVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT For the year ended 31 August 2022

Notes
Income and endowments from:
Donations
2
Fundraising activities
3
Investments
4
Total income
Expenditure on:
Raising funds
3
Charitable activities
5/6
Total resources expended
Net income for the year/
Fund balances at 1 September 2021		 Unrestricted
funds
£
-
93,642
13
93,655
(30,631)
(29,786)
(60,417)
33,238
36,150
69,388		 Restricted
funds
£
-
-
-
-
-
-
-
-
-		 Total
2022
-
93,642
13
93,655
(30,631)
(29,786)
(60,417)
33,238
36,150
69,388		 Total
2021
£
-
27,723
13
27,736
(5,758)
(16,395)
(22,153)
5,583
30,567
36,150

Page 4

SHEEN MOUNT PRIMARY SCHOOL PARENT STAFF ASSOCIATION STATEMENT OF FINANCIAL POSITION As at 31 August 2022

Notes
Current Assets
Trade and other receivables
9
Cash at bank and in hand
Current Liabilities
10
Net current assets
Income funds
Restricted funds
Unrestricted funds
11		 2022
2021
£
£
109
1,148
70,247
35,602
70,356
36,750
968
600
69,388
36,150
-
-
69,388
36,150
69,388
36,150

Page 5

SHEEN MOUNT PRIMARY SCHOOL PARENT STAFF ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 August 2022

l Accounting policies Charity information

Sheen Mount Primary School Parent Staff Association is an unincorporated charity. The registered office is Sheen Mount Primary School, West Temple Sheen, East Sheen London SWl4 7RT.

l .1 Accounting convention

The financial statements have been prepared in accordance with the Association's governing document, the Charities Act 2011 and '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)' (as amended for accounting periods commencing from I January 2016). The Association is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the Association. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the Committee members have a reasonable expectation that the Association has adequate resources to continue in operational existence for the foreseeable future. Thus the Committee members continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the Committee members in furtherance of their charitable objectives unless the funds have been designated for other purposes.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Incoming resources

Cash donations are recognised on receipt. Other donations are recognised once the Association has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

1.5 Resources expended

Resources expended are recognised in the year that they are incurred and they are classified under headings that aggregate all costs related to the category. Resources expended include attributable VAT which cannot be recovered.

Costs of generating funds includes all expenditure directly related to the fundraising activities.

Charitable expenditure includes all expenditure directly related to the objectives of the charity.

Governance costs includes all expenditure relating to constitutional and statutory requirements of the charity and includes administration costs and any costs associated with the strategic management of the charity's activities.

1.6 Cash and cash equivalents Cash and cash equivalents include cash in hand and deposits held at call with banks.

Page 6

SHEEN MOUNT PRIMARY SCHOOL PARENT STAFF ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) For the year ended 31 August 2022

Financial instruments

The Association has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the association's Balance Sheet when the association becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset. with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including amortisation costs and are subsequently carried at amortised cost using the effective interest method unless the management constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at the market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including trade and other payables are initially recognised at transaction price unless the management constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less.

Donations and gifts 2022
£
-		 2021
£
-

Page 7

SHEEN MOUNT PRIMARY SCHOOL PARENT STAFF ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) For the year ended 31 August 2022

3. Fundraising activities
Fundraising events
Fundraising activities
Unrestricted funds
Club lotto
Uniform sale
Easter egg hunt
Sponsored Class Cycle Ride
Tea towels, Bags and Mugs etc.
Smarties for Jobs
Smiles for Five Badges
Competition on the Fence
Group Cycle ride
Fun run
Quiz evening
PSA party
Summer fair
Christmas fair, trees & cards
Christmas show
Miscellaneous
Easy Fund raising
Disco
Autumn ball
One off Fund raisers		 Unrestricted
funds
£
93,642
93,642
Income
£
1,738
334
1,089
1,177
1,015
559
1,135
-
-
1,039
1,644
1,306
20,005
22,385
2,083
1,898
2,160
2,791
30,956
328
93,642		 Restricted
funds
£
-
-
Expenses
£
600
-
-
-
-
-
453
-
-
348
622
488
4,989
9,033
420
503
-
159
12,909
107
30,631		 Total
2022
£
93,642
93,642
2022
Net
£
1,138
334
1,089
1,177
1,015
559
682
-
-
691
1,022
818
15,016
13,352
1,663
1,395
2,160
2,632
18,047
221
63,011		 Total
2021
£
27,723
27,723
2021
Net
£
-
1,086
-
-
2,364
5,100
2,363
-
-
-
2,858
392
2,223
3,197
-
2,382
21,965
  1. Investments

Interest receivable

2022
£
13		 2021
£
13

Page 8

SHEEN MOUNT PRIMARY SCHOOL PARENT STAFF ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) For the year ended 31 August 2022

5. Charitable activities

Science bag
Classroom filters & air purifiers
Classroom Kit
Colour team shirts
Library & Library Cloud
Miscellaneous
Phonics
Chrome books
Water bottles
Outdoor play equipment
Share of support costs (see note 8)
Share of governance costs (see note 8)
Unrestricted funds
Unrestricted funds		 Donations
Other
£
£
165
2,953
4,200
-
544
-
1,138
-
55
-
10,318
3,734
-
115
-
5,000
-		 2022
£
165
2,953
4,200
544
1,138
55
10,318
3,734
115
5,000
28,222
964
600
29,786
29,786		 2021
£
-
-
4,200
-
1,158
666
-
8,845
153
-
28,222 15,022
773
600
16,395
16,395

Page 9

SHEEN MOUNT PRIMARY SCHOOL PARENT STAFF ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) For the year ended 31 August 2022

6. Support costs

Insurance
Sundry expenses
Independent examination 2022
Analysed between
Charitable activities		 Support
costs
128
836
-
964
964		 Governance
costs
-
-
600
600
600		 2022
£
128
836
600
1,564
1,564		 2021
£
149
624
600
1,373
1,373

7. Committee Members

None of the Committee members (or any person connected with them) received any remuneration.

8. Employees
9. Prepayments and accrued income
Insurance and Summer Fair income
10. Accruals and deferred income
Accountancy and Summer fair expenses		 2022
-
2022
£
110
2022
£
968		 2021
-
2021
£
1,148
2021
£
600

Page 10

SHEEN MOUNT PRIMARY SCHOOL PARENT STAFF ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) For the year ended 31 August 2022

11. Analysis of net assets between funds

Fund balances at 31st August
2022 are represented by:
Annual report andunaudited
financial statements For the year
ended 31 August 2022
Current assets/(Liabilities)		 Unrestricted funds
£
69,388
69,388		 Restricted funds
£
-
-		 Total
£
69,388
69,388

12. Related party transactions

There were no disclosable related party transactions during the year (2021- none).

Page 11

SHEEN MOUNT PRIMARY SCHOOL PARENT STAFF ASSOCIATION INDEPENDENT EXAMINERS REPORT

TO THE COMMITTEE MEMBERS OF SHEEN MOUNT PRIMARY SCHOOL PARENT STAFF ASSOCIATION

I report to the Committee members on my examination of the financial statements of Sheen Mount Primary School Parent Staff Association (the Association) for the year ended 31st August 2022.

Responsibilities and basis of report

As the Committee members of the Association you are responsible for the preparation of the Financial Statements in Annual report and unaudited financial statements for the year ended 31 August 2022.

I report in respect of my examination of the Associations Financial Statements carried out under Section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable directions given by the Charity Commission given under section 145(5)(b) of the 2011 Act.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

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 financial statements to be reached.

Gail Ledger F.C.C.A

Dated: 27 November 2022

Page 3