Charit). Rc8iMration No. 295212 SHEEN MOUNT PRIMAR Y SCHOOL PARENT STAFFASS(KIATION Annual rcport a[ unaudited financial stsi¢m¢nis For the year ersded 31 August 2024
SHEEN MOUNT PRIMARY SCHOOL PARENT ST AFF ASSOCIATION LEGAL AND ADMINISTRATIVE INfoRMATION Committee Mernbers Sophie Cr¢am¢r Amanda Raven Ratiie De Villiers iAura Fleming Kati¢ Simm Nord Nelson Amelia Fuggle Emma Robinson Charlene While Sarah Mountford Penny Robinson Tom Holmes Maria O Bri¢n ChArity numb¢r 295212 Prin¢ipg1 addnss Sheen Mount Primary SchrM)I We51 Temple Shee EASI Sheen London SW147RT Ind¢pendenl txAmlntr ail Lxdger
SHEEN MOUNT PRIMAR Y SCH(K)L PARENT STAFF AS5(lA TION CONTENTS Page I to2 Committ¢¢ poff Swement of Committee resw)n5ibilitie5 Independeni examiner5 reN)n Statcmcnt of financial acti%'ilics Siatement of finoncial sitIOn 71012 Notes to the financial sthiements
SHEEN MOUNT PIUMARY ScH()L PARENT STAFF ASSOCIATIO]Y TRUSTEES, ANNUAL REPORT l. Sheen Mount Primgry Sehool Pareni StAff Asweiation (PSA) The PSA is a charity. run by a committee elected each year at the Annual General Meetinb (AGM). The PTlOrities of the PSA exh year #re driven by the objeciives and needs of th¢ sch(KJl. Fundrnising i$ IM)rtant. bLrt eqw411y importanl is the PSA-S role in bringing togeiher t wider h(X)I communiiy.Tr key obje¢liv¢s be sumfflarised as: To advance the educaTion and development of the pupils at Sheen Mount Primary School byproviding and assisiing in provision of faciliiie5 for cducalion and development noi required to provided (r furKled) b>. l(Ka] education authority To foster, assi and develop the community in and arourKI the school, enhancing communicaikons within and between Stl¢s. iwentsl&uardian& school stsff. the Board of GovenN)rs 4txl exiernal organisaii(ms who work wilh the sch(x)l and ils students. 2. Looking back Following a bumper fundraisin¥ >ear for the PSA in ?0?2-23. and compleiion of the cenirnl fundraising project called"For¢si. Field, Fun" the committee WaMj io fius ?013.?4 fundraising on events designed to ¢nhoncc the community peCt. -Ihc School olso cclcbrai¢d its Platinum 70th Anniverwy in 2024 aThl ihe PSA wanted io rtto8ni7¢ and celebraie ik imw)nance of this. Wilh this irt mind theT¢ was w swnsored Cycle Ride or Aulumn Ball bul we ineluded an ¢xira pawnts. Quii F.vcning which along with Parcnis Summer Party. Kids Disco and Summcr Fair were Plaiinum ihemed and showcased the klKxTrl. Also irKlwl¢d in ihe usual calendar of ¢ventS, W85 the Reception Parents part>.. Chrisimas Fair. chriStrn Trtts and Cards aThJ I]Z ev¢ning. These ev¢nts rnised a total of £49.533 nrf of expense& We are fortunate lo have a wealth of willinki volunteer5 aFKI are able io run I1$t events thr()u¥h the parent and carer nelwork who voluntttr their time io supp)rt Committee running events and initiatives ihrw8lx) ihe hl edendar. 3. What we've funded At ihe beginnin8 of the Y school presents a wish li5110 Ihe PSA for items or auiviiie5 it would like the PSA to sup1. Further requests ore sutffn1tt throughoui the year Js the S¢h(x)I Management Team idenlify particular needs or iniliaiives. During ?0?3-24 the PSA PTovided over £157.000 of funding to the schwl. The bulk of this was in relation to th¢ Asiroturf(£l ?1.30614nd Ihe Forest Walk1£4,7811 thai made up the -ForesL Field. Fun proieth for ?022.23. Th¢ PSA a150 furnlcd Smartboar(b {19.15•1. ClaSSr(K Kit (£4 7(K)). Fo¢5 Weeks 1£? O(Xl}. R¢¢¢ption Rcsources (£3.458). Math5 Resources (£8gh Rcsideniial Trips1£7201. Plalinum Mugs1£69)) and Oiher small spend items1£467}. 4. Fin8n¢i*l Review The PSA ends the year in a very strong reserves position. with curreni assets and reserves of £78,328 even after having provided significant fuThling for c(Knpletion of th¢ -ForesL Field, Fun" Project. PSA Reserves Policy The PSA has a reserve policy. which rcquircs ihat a minimum of L?O.O(M) be held in an instantly acC51b1¢ bank account at all limes. Thi5 is ¢onfinned during the financial seciion of every PSA meeting, as well a5 Ing verified by ihe itttkpendent accounthnt at time of account PTep8rn1ion.
SHEEry MOUNT PRIMARY SCH(K)L PARENT STAFF ASSOCIATION Strueture• governance and mAttagement The Associaiilm was established by a charitable trust deed on ?4 April 1986 and amended on 30 Octokr 1996. The Associion'5 COli110n was revised in January. ?01 S. All of the trustees are mnrS of the Committtt. No nefiCial inier¢sT w&$ received b) any ofthe trus¢tts during ihe year. All Tr1(%$ are upjaid on public ben¢fii guidance issued by the Charily Commission. The Cornmittee memttT5 who served during the year were: Sophie Creamer Amelia Fuggle Nord Nelson Emma Robinson Penny Robingon Rania De Villers Tom Holme5 Maria O'Brien Sarnh Moufflford Amanda Raven Laura Flemin& K1¢ Simm Charlene White (ApTN)inicd s¢Nemr ?022) {Apwinied Seyember 2021 IApw>inted se¢mr ?0??) (Apwinied St¢M1r 20221 (Appointed Seprernr ?021 IApwinied Sey¢mber ?022) IApFointed January ?0?3) (Appoinied Janwy 2023) (Appointed Septemter ?031 (Appointed Semember 20?31 IApwTrinted Sepiemb¢r ?073) (Aproinied scem1r ?0?31 IAppoini¢d Sepiemtrer 20231 Retrultment sp1¢meI of iruiiees Commillec members are elected on an annual b9sis fT(Kn members of ihe P8r¢th Staff Ass(Kiaiion (the parent5 and guardians of Children attending Sheen Mouni Primary Schwl and the teachers. staff and Governors W(kin8 at the %hool>. Committee m¢mbers are elethed for a two y¢gr ierm. Where de¢u8iorts need io be made at PSA mIngS. sh decisions are agreed by a show of haThJs.Each PSA memttr in attendance has onc vole each. Th¢ Commine¢ rewt approved by the Board of Committee Memi*TS. Sigrted. Tom Holm¢s Tn1¢¢ Dated: . Maria O'Brien Trusttt Dated: ..1 8. g .25
STATEMENT OF COMMIThEE RESPOIYSIBILITIES The Committee memlw5 are resw>nsible for prepring the commit ReFX)rt and ihe financial statements in accordanee with applicable law atNI United Kingdcrfn Accounting S18rd$ (United Kingdom Genera]ly Accewcd Accouniing Prnthicel. The law applicable to chariiie5 in England aryj Wale5 requirES ihe Committtt memrS to prewe financial 5tatemenis for cach financial year which give a tn and f4ir view of the State of affairs of the Asso¢i81ion and of th¢ incoming resources a1 applicationof r¢sourcesof the AsKl&ll0n forthat year. In pr¢paring these flnancial smentS the C(Nnmilltt members are required io: - s¢lect suitable accounting lI¢le5 and t7 apply them wnsistently: - observe the mdlKyJs aThl p1p7CS in the Charities SORP; - moke judgemen15 and estimates that are rewnable and prLthnt: - state whether applible accounting stsThlarth have been followgl subje£t to any meria] departures disclosed and explained in the final]1 stytements. and - prepare the financial Stements (x) the going wncern iwis urtless li is iMppropria to presume th8t the charity will conlinue in opeTalion. The Committee membcrs are responsible for keepin8 sufficicni xcounling rttords thai disc105e with reasonable accurncy at any time lh¢ financial rA)siiion of th¢ AssLKialion and enable them lo ctLsure that ihe financial sts1emen comply with ihe Charities Act 2011. the Charity {A¢¢ounts and Reports) Rcgulaiions 2008 and the proNisions of ihe IrU deed. They art also restK)nshble for safeguardiT)b the assels of ihe AsxKiaiion hence for taking reasonable sieps for ihe weveniion and deieciion or frdud and other irrebiularili¢s.
SHEEN MOUNT PRIMARY SCHOOL PARENT STAFF ASWIATION INDEPENDENT ELIMTNF.RS RIRT TO THE COMMIThEE MEMBF.RS OF SIIEEN MOUNT PRJMARY SCH(K)L PARENT STAFF ASSOC'IATION I rert ¢0 the Commillee Th%mr5 on my exarnitN)th oftht financial $weOrShett Mouni Pn'nw Schwl PaTeni StstT Aw¢i4lion Itl thK)ror¢nd¢d 315¢ AU8ll 2024 li¢wrtsibilities and b&%is of rwn A5 thc Cornmittte M¥softh¢ A1Tht you th. 5Ibk for pr•Mlrtoftk Financial Stht¢nK'nts' Annual r¢wrt untsudik fInala} sw¢rrrus for thc >Lwended 31 Augu% 2024. 'ur th¢ J¢ar ended 31 August 2024 I r¢FK>rt in r¢¥#¢i ofm%"t%amination of th¢ A110$ Fina111 stsM¢ntswri utr seCn 145 ofth¢ 2011 ACL In win8 oui mvexaminatK>n J have folk>Mtd all 4¥1icabk dir¢th1o8]Yen b¥ the Charity Comis5K>th given und¢r s¢£tion 1431SXbl of the 201 I ACL I havc compkkd my ¢xaminaiion. T confm th•t M momcrs m)'attrniJTh [UrI10N with the examination giving ¢4u ts) 11¢¥¢ thal in pny material rt5.. l ac¢ouniin8 r(¥$ were kept in r¢5FKdoftr AsstKiNiTh $ wired by SeOn 130 orth¢ 2011 Ad: or 2 the finaneial 4w¢rrKnts do noi accord with lkne records: or 3 financial th) Mi cornplb with the appli¢abk r¢qUirefttsC0n(xTh7ll¥ fo wnni of ll¢cpunis Out in Ihc Ihan'ii¢s IAccountsd Rryrtsl R¢8yla1ns 21MJ8 1)theT Ihw an). requircnI that the accounts giv¢ and fair vivw whith is * m*rwnsid¢r¢d a5 pio(gn IndeFndnI e%gminaiKm. I hNv¢ no £onttrns Dnd hAve ¢onK ou055 no othcr mArtus ITh Con¢1 Mith the ewiin4iM)n kn which art¢nth)n slw)uld drawi in this Ttpjrl in trrd¢r enable 4 pTorKT un¢kT5widirsg of th¢ fLnIla1 T¢Kkd. Ciail L¢d8er F.C.C.A D$ttd..
SHEEN MOUNT PRIMAR Y SCHOOL P.4RENT STAFF ASSOCIATION STATEMENT OF FINANCIAL ACTI'ITIE5 INCLUDIN'G INCOME AND EXPENDITURE AccouKr For th¢ year endcd 31 Aug4Jsi 2024 Tothl 2024 Total 2023 Inc¢ and endowments from.. Donations Fund raising activities lrtvesth)enis 2.616 70.606 2,616 70.606 174.396 Totsl lrtcome 73.222 73,222 178.844 ExFndiiure on.. R4isin8 funds 121.053) (21,OJ31 145.7661 Chble aclivities 516 1159.1261 1159.1261 Totsl resourccs expended 1180.1791 1180.1791 162.9471 Net incom¢ for the v¢•r 1106.9571 11ffi.9571 115,897 Fund b81Rnces * I Semember 2023 185.285 69.388 1106.9571 78.328 185,285 P¥e5
SHEEN MOUNT PRIMARY SCHOOL PARENT STAFF AsKlATIoN ST ATEMENT OF FtN.4NCI.4L POSITION A$ ai 3 l AUS51 2024 2024 2023 Current Assels Trade and other Teeeivable$ Cash ai bank and in hand 3.148 l37.467 140,615 109 194.989 195.098 For ihe yeaT ended 31 Au8U5t 2023 Current Liabilities 10 62.287 9.813 Net eurrem assets 78.328 185,285 lrt¢om¢ funds Rc$irict¢d funds Unrestrieted funds 78J21 78.128 185.285 185,285 Page 6
SHF.EN MOUNT PRtMARY SCHOOL PARENT STAFF ASSOCIATION NofES TO THE Ft%thCl.4L ST.4TEMENTS Forth¢ ytar ¢nd¢d 31 August 2024 Accounting wlicie5 ChariD infom¥aiio Shc£n Mount Primary School Pertni Siaff.4ssociaty)n is •n unInrted chllrity. The rryislercd officc is SIen Mount PTimar) Sch[ West lempk Shetrn F.M Sh¢¢n l.onthn SW'14 7RT. A¢wuniinE ¢IMiV¢ntion The finHnc13151atcnnr5 hEve bten prt]wed in accordanc¢ With ihe A59Kwyi's lornIng thumcnL the Charilit$ Act 2011 and'A¢¢ouniin8 and R¢FA)runB b) Charitics.. SEatrmii of Re[nKded Prxti¢c applicable lo charitie5 PTepxring iheii a¢¢wnts In wilh the Finonci&l Rewxtin8 SthndaTd arolir4ble in the UK and Republic of lttland IFRS 1021, ios arnd¢d for a¢coumini pcrKth o)mmEIng frvm l jU9ry 20161. The A%50cl10Th is a Publii Il¢n¢fii l.-niii> 4 Lkfld by FRS 102. The firsRncial stai¢men15 arc P.rd in ¢knlin8. Mhi¢h lh¢ luTh¢tionAI CEnC> ofthe A550tiaiKbn. Morn'wy mounis I the fintheial ayt A)nd¢1 to th¢ are £. GoinA ¢onc¢rn Al Eh¢ iinje of approvin8 Iht finan¢iA) the L(Xhmblt¢¢ mtmkns h•ve a Teuinablr expe¢wioft thai the A$5nrJwion h&¥ èdequlie rewur¢¢s w conrinuE in orrtmional ex1cre fiyihe fo¥t%ee4bk fuiur¢. Thu5 Ihe Commiii¢¢ rrKmb¢rs conlinue lo Jopi th¢ 80in8 wncern basis of ¢¢OUDlin8 in prcpuin$ th¢ finla1 stht¢m¢nts. Chafiiahk tund UnTCStrici¢d funds Aft Av4illlblr fvv uge thth¢ Ji5LreEiun ofthE Comiie in ofthEir hariittbl¢ obj¢¢iiv¢s Un55 Ihc fw)d b•Y¢ b¢en dcyi8ftawd for4xIv PUTPS Restrici¢d funds are 5ubjekl w S¢if condilions by th)r5 how th¢> n¥y b¢ us¢d ThE pwN>ses uxs of the resiri¢d fund5 arc tieioui in th¢ TleS ro Ihe fin] ststen Incoming C&¥h donntsony UE rtewis¢dvD rt¢iO. kn¢r (knnatv)ns the Asso¢i•iKin no11fd of Ihc donthtio¢L unle55 p¢rforwAnLY condilions ftquire defeffoj of ihe EnMTruni. Iwme r¢¢o%ernblt in relation 10 donations Tecci%¢d und¢r (iih Aid OT 050rEnlnl is rewis¢d AL the iimg ofiht donlllH>n. R¢UrLeS %nded Kesourc¢s ¢xrKnd¢d are t¥COBnixd ith the Y that Ih¢y we •Dd ¢knified undEf h¢•lin85 Ih•t 888r¢Eatr 411 tosts ff lCd to the ¢48or). Re5QUTttS ¢Ypeth in¢lude 4tttlbk VAT wths¢h ¢1b¢ ¢ov¢r¢d. Cos of gcneratin8 fimds in¢ldeS all eX11t di11). the fumdt¥isingKtNstie Chari¢able cxpcrtd1lu inclu&J Ill exp¢1ti¢ dir¢¥xb 10 th¢ objeLl1$fthC chllri¢v. (K)Y¢rnon¢e costs includts all expej7$Y reiwinB fv 1ttiOnal SthiUEorv requireme15 vfihe charity and in¢luths admittistrat¥)ll Costs 8JKi costs &$9)¢iwd with th¢ strwc8ic miii¥8tjrt ofthe chwii) 5 &¢tL¥ilit Cagh ond ¢th equi%aknts C95h ènd ¢osh equivalents ivlude Lxsh in baDd #ttdd¢p)sits hEld ¢•ll V4ith I*
SHEEN MOLNT PRIMARY SCHOOL PARETrtr STAFF ASS(flATION NOTES TO THE FINANCIAL ST.4TEMENTS IcoYfiNL ED) For the year ended 31 Augull 2024 Accouniing poIiGi¢s (contin1) Financial instruments The Associaiion has el¢¢ied io apply the provi510n5 of Seaion I I 'Basi¢ Financial Instruments, and Seaion 12'0thcr FinaTh¢ial In5trumer)ts l&su¢s' of FRS 102 all of its financial instruments. Financial instruments are reco8ni5ed in ihc 855ofiation's Balirt¢¢ sh when &5Ciall0n becomes party FOT Ihe year ¢nd¢d 31 Au8llSt 2024 rinancial a55Ct5 and li&bilities are offsei. wilh th¢ net amounts presented in the financial $taiemeni& when there 15 a legally enforceable right to 5Ct off th¢ T¢¢0]Sed wnounis and thert is an intenlion to 5¢tt1¢ basis or to realise the assel and Settle the liability simultaneously. B&4ic financial assets Basic financial Sssets. which in¢lvde ir4d¢ and oiher receivgb1¢5 aJKI Cash And bank balances. are iniiially measured Bt transaction Price including amortisaiion ¢ods and are sub5CqWntly arri¢d ai amortised c051 using ihe effective inieTesi method the mang8emeni conMitul¢$ 8 fLnancin8 iransJclion, whwr the tran£110Th 15 measured 81 the pre5eni value of the future receiws di%ounied at the m8rkd r4 of intsrem. Financial asseL% classified as 1¥b]e within one yeAr ar¢ not Amortised. Basic finan¢ial liabilities Basi¢ finRncial IiAbili¢l¢S. including trade and other payables ar¢ initially rrt¢Jgnis¢J at trnnsaction price unle55 the management consiitutcs i fin8ncin¥ Iran¢110. M'here the debt inswumeni is meAsvr¢d ai the prcseni value of thc future payments discounied ai a mk¢1 rate of interesL Trndc payable5 are obl1On$ 10 Pgy for Bood5 or servitts thai have been Kquired in the ffdinary coutse of operations from supplieTS. Amounts PAyable are Classified current li*biliiies if pa>'ment 1$ due within one year OT less. 2 Donations 2024 Donation5 arml gift$ ?.616 4.448
SIIECN MOLWT PRIMARY SCII(X)L PAREYf STAFT. ASWIAI]ON NOT[.5 TO"ii Ir. riNANCIAL STATt-.klLNTS ICONTtNLI-"DI For the ycar erwjcd 31 AuKLL%t 2024 3. Fur¥Jrni$inK a¢iiviiies UnTtstrid¢d fuThL R¢uri¢Led Ti)wl 2024 2023 For the )t4r 31 Au8us¢ 2023 Fundraising ¢¥¢nis 70.6( 70.61 174.396 70.N 70,606 174.396 Unrestricied funds 2024 2023 Net In¢ome Club lono C1ts88 Killy Uniform s¢ Smanie5 lor jobs miles lor fis¢ b3dBe5 (iroup cycle Tid¢ Pro cycle ¢Yertl Quiz ei'enin8 Summer fair Chris1m fair. ue¢s & ¢8rds Mi%¢114nLWS E&¥y lund rdisill8 Di0 Autumn ball ProjeL1 Clwk R¢ccp¢ion & year I drit Summer pgrty Sm(x)ihic bik¢ Tide Smooihi¢ ride I shirts One off lund raisers 2.870 1.224 2.335 8(K) 1.20¥ 2.070 16 L26Y 1.380 2.U75 16 4X.I 57 177 2.443 12.439 16.993 559 1.897 4.801 15.921 26.834 546 2.445 4.262 6.910 715 3.356 11.659 19.Y24 11691 2J08 357 2.576 73 43 2.501 598 461 4.080 14.383 4.079 482 128.630 9.283 259 70.1rf16 258 49.553 21.053 4. Inv¢8Thents 2024 2023 Ini¢rcs1 rttui'able
SHEEN MOLWT PRINIARY SCH(K)L PARENT STAFF ASS(KIATION NOTES TO THE FINANCIAL sT.ITF.IF.NT$ IC.ONTINLEDI Forthe year ended 31 Augu 2024 5. Charitable activities Donal5 2024 2023 Asiro turf Smartboards Classroom Kir Colour tetsm shirt5 Libr &. LibTBry Cloud For¢st Walk Chrom¢ b(M)ks Water bottles Gard¢nin8 Focus weeks R¢¢eption decordlin8 & resowces 181hs r¢50urces Rc$id¢ntlAI irips Plaiinum myx ¢ontribuiion NlisccllBneous 121.306 19.152 4.21KI 467 ty1.306 19.152 4.200 467 4.200 1,287 4.781 4.781 7,B40 233 233 2.758 829 720 692 467 157.608 829 7?0 692 467 157.605 Share of 5UPPOrt ¢osi$ l%e ncle 61 771 748 Shart of governgnce ¢os¢s (stt Thote 61 750 750 Ilnr¢siricted fund8 159.126 Unr¢strickd fvnd5 159.126 P4t 10
SHEEN MOLNT PRIMARY SCHOOL PARENT STAFF ASSOCIA TION OTES TO THE FINANC.IAL STATF.MF.NTS IC.ONTNt,'EDI For th¢ year ended 31 Au8usI 2024 6. 5uppon costs 2024 2023 Support osts costs Insurance Sundry expense5 Accountancy 153 618 153 618 750 140 608 750 1,498 750 750 771 .AnAly$ed betwttn Charitable activities 771 750 1.321 1.498 7. Committee Members Non¢ of thE Committee membern {or any person winect¢d with thcml rc¢eiYed Mnunemion. 2024 2023 8. Employ¢e5 2024 2023 9. Prepllnts ttnd a¢¢Ned income 1,148 109 2024 2021 10. Aecn]a15 and dcfcrred income 6?.287 9.813 Page 11
SHEEN MouKf PRINIARY SCHIK)L PARE.NT STAFF ASS[IATION NOTES TO THE FINANCIAL STATENfENTS ICONTINLEDI For the yw ended 31 August 2024 I l. Analy$i$ of net 255ets betwecn fimds unrestric fvnds Rc5trida fuNJs Total FuDd balances lli 31st August 2024 ar¢ r¢prented by.. 78.328 78.328 Annual repon and unAudlttd financial stat¢¢17t5 For Ilie year ended 31 Augusl ?024 Current AsSeLiAbl]I11es 78.3?8 78.328 12. Relatd p*rty ¢iwi$g¢1ions There were no disciosable relaied p4ny nrwtions duringthe year{2023- Mne). Page 12