**REGISTERED CHARITY NUMBER: 802621**
## **REPORT OF THE TRUSTEES AND**
## **UNAUDITED FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 30 SEPTEMBER 2022**
## **FOR**
## **OAKLEIGH SCHOOL PARENT STAFF ASSOCIATION**
Versa Accountants Ltd Chartered Certified Accountants Unit 2 99-101 Kingsland Road London E2 8AG
**OAKLEIGH SCHOOL PARENT STAFF ASSOCIATION**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**||1||
|**Statement of Financial Activities**||2||
|**Balance Sheet**||3||
|**Notes to the Financial Statements**|4|to|9|
|**Detailed Statement of Financial Activities**||10||
**OAKLEIGH SCHOOL PARENT STAFF ASSOCIATION**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2022**
The trustees present their report with the financial statements of the charity for the year ended 30 September 2022. 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).
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Charity number**
802621
## **Principal address**
Oakleigh Road North Whetstone London N20 0DH
## **Trustees**
Ms R Harding Head Teacher
Approved by order of the board of trustees on 27 July 2023 and signed on its behalf by:
Ms R Harding - Trustee
Page 1
**OAKLEIGH SCHOOL PARENT STAFF ASSOCIATION**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2022**
|Unrestricted
Restricted
funds
funds
Notes
£
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2,408
-
Other trading activities
2
59,997
-
Investment income
3
2
-
**Total**
62,407
-
**EXPENDITURE ON**
Raising funds
5,450
-
Other
29,495
-
**Total**
34,945
-
**NET INCOME**
27,462
-
**RECONCILIATION OF FUNDS**
Total funds brought forward
26,039
3,187
**TOTAL FUNDS CARRIED FORWARD**
53,501
3,187|2022
Total
funds
£
2,408
59,997
2
62,407
5,450
29,495
34,945
27,462
29,226
56,688|2021
Total
funds
£
3,259
34,123
-|
|---|---|---|
|||37,382|
|||605
31,062|
|||31,667|
|||5,715
23,511|
|||29,226|
The notes form part of these financial statements
Page 2
**OAKLEIGH SCHOOL PARENT STAFF ASSOCIATION**
## **BALANCE SHEET 30 SEPTEMBER 2022**
|Unrestricted
Restricted
funds
funds
Notes
£
£
**CURRENT ASSETS**
Cash at bank and in hand
57,936
3,186
**CREDITORS**
Amounts falling due within one year
6
(4,435)
1
**NET CURRENT ASSETS**
53,501
3,187
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
53,501
3,187
**NET ASSETS**
53,501
3,187
**FUNDS**
7
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|2022
Total
funds
£
61,122
(4,434)
56,688
56,688
56,688
53,501
3,187
56,688|2021
Total
funds
£
31,652
(2,426)
29,226
29,226
29,226
26,039
3,187
29,226|
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 27 July 2023 and were signed on its behalf by:
R Harding - Trustee
The notes form part of these financial statements
Page 3
**OAKLEIGH SCHOOL PARENT STAFF ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022**
## **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.
## **Foreign currencies**
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.
## **Pension costs and other post-retirement benefits**
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
## **2. OTHER TRADING ACTIVITIES**
||2022|2021|
|---|---|---|
||£|£|
|OOPS income|59,997|34,123|
continued...
Page 4
**OAKLEIGH SCHOOL PARENT STAFF ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2022**
## **3. INVESTMENT INCOME**
|**INVESTMENT INCOME**|||||
|---|---|---|---|---|
||2022||2021||
||£||£||
|Deposit account interest||2||-|
## **4. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 30 September 2022 nor for the year ended 30 September 2021.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 30 September 2022 nor for the year ended 30 September 2021.
## **5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|Unrestricted
Restricted
funds
funds
£
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
3,259
-
Other trading activities
34,123
-
**Total**
37,382
-
**EXPENDITURE ON**
Raising funds
605
-
Other
31,062
-
**Total**
31,667
-
**NET INCOME**
5,715
-
**Transfers between funds**
18,244
(18,244)
**Net movement in funds**
23,959
(18,244)
**RECONCILIATION OF FUNDS**
Total funds brought forward
2,080
21,431
**TOTAL FUNDS CARRIED FORWARD**
26,039
3,187|Total
funds
£
3,259
34,123|
|---|---|
||37,382|
||605
31,062|
||31,667|
||5,715
-|
||5,715
23,511|
||29,226|
Page 5
continued...
**OAKLEIGH SCHOOL PARENT STAFF ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2022**
## **6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
||||2022|2021|
|---|---|---|---|---|
||||£|£|
||Taxation and social security||2,008|-|
||Other creditors||2,426|2,426|
||||4,434|2,426|
|**7.**|**MOVEMENT IN FUNDS**||||
||||Net||
|||At|movement|At|
|||1.10.21|in funds|30.9.22|
|||£|£|£|
||**Unrestricted funds**||||
||General fund|20,512|1,200|21,712|
||Oakleigh Opportunities For The Play||||
||(OOPS)||||
|||5,527|26,262|31,789|
|||26,039|27,462|53,501|
||**Restricted funds**||||
||Sensory Room/Equipment|3,187|-|3,187|
||**TOTAL FUNDS**|29,226|27,462|56,688|
||Net movement in funds, included in the above are as follows:||||
|||Incoming|Resources|Movement|
|||resources|expended|in funds|
|||£|£|£|
||**Unrestricted funds**||||
||General fund|2,410|(1,210)|1,200|
||Oakleigh Opportunities For The Play||||
||(OOPS)||||
|||59,997|(33,735)|26,262|
|||62,407|(34,945)|27,462|
||**TOTAL FUNDS**|62,407|(34,945)|27,462|
Page 6
continued...
**OAKLEIGH SCHOOL PARENT STAFF ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2022**
## **7. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|**Unrestricted funds**
General fund
Oakleigh Opportunities For The Play
(OOPS)
**Restricted funds**
Hydro Pool
Sensory Room/Equipment
**TOTAL FUNDS**|Net
Transfers
At
movement
between
At
1.10.20
in funds
funds
30.9.21
£
£
£
£
2,080
188
18,244
20,512
-
5,527
-
5,527
2,080
5,715
18,244
26,039
18,244
-
(18,244)
-
3,187
-
-
3,187
21,431
-
(18,244)
3,187
23,511
5,715
-
29,226|Net
Transfers
At
movement
between
At
1.10.20
in funds
funds
30.9.21
£
£
£
£
2,080
188
18,244
20,512
-
5,527
-
5,527
2,080
5,715
18,244
26,039
18,244
-
(18,244)
-
3,187
-
-
3,187
21,431
-
(18,244)
3,187
23,511
5,715
-
29,226|
|---|---|---|
|||26,039
-
3,187|
|||3,187|
|||29,226|
Comparative net movement in funds, included in the above are as follows:
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|718|(530)|188|
|Oakleigh Opportunities For The Play||||
|(OOPS)||||
||36,664|(31,137)|5,527|
||37,382|(31,667)|5,715|
|**TOTAL FUNDS**|37,382|(31,667)|5,715|
continued...
Page 7
**OAKLEIGH SCHOOL PARENT STAFF ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2022**
## **7. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
Oakleigh Opportunities For The Play
(OOPS)
**Restricted funds**
Hydro Pool
Sensory Room/Equipment
**TOTAL FUNDS**|Net
Transfers
At
movement
between
At
1.10.20
in funds
funds
30.9.22
£
£
£
£
2,080
1,388
18,244
21,712
-
31,789
-
31,789
2,080
33,177
18,244
53,501
18,244
-
(18,244)
-
3,187
-
-
3,187
21,431
-
(18,244)
3,187
23,511
33,177
-
56,688|Net
Transfers
At
movement
between
At
1.10.20
in funds
funds
30.9.22
£
£
£
£
2,080
1,388
18,244
21,712
-
31,789
-
31,789
2,080
33,177
18,244
53,501
18,244
-
(18,244)
-
3,187
-
-
3,187
21,431
-
(18,244)
3,187
23,511
33,177
-
56,688|
|---|---|---|
|||53,501
-
3,187|
|||3,187|
|||56,688|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|3,128|(1,740)|1,388|
|Oakleigh Opportunities For The Play||||
|(OOPS)||||
||96,661|(64,872)|31,789|
||99,789|(66,612)|33,177|
|**TOTAL FUNDS**|99,789|(66,612)|33,177|
In the AGM dated 12 July 2021, it was decided to move the PSA restricted funds for the Hydrotherapy Pool to Unrestricted funds as Ruth Harding shared that the refurbishment will hopefully be paid for by the Local authority and therefore asked for the Committee's agreement to remove the restriction to this fund. Ruth contacted each of the donors to advise of the proposed re-allocation of funds to the unrestrictive immersive sensory playroom fund and there were no objections raised.
continued...
Page 8
**OAKLEIGH SCHOOL PARENT STAFF ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2022**
## **8. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 30 September 2022.
Page 9
**OAKLEIGH SCHOOL PARENT STAFF ASSOCIATION**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2022**
|**DETAILED STATEMENT OF FINANCIAL ACTIVITIES**
**FOR THE YEAR ENDED 30 SEPTEMBER 2022**|||
|---|---|---|
||2022|2021|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Donations and legacies**|||
|Donations|2,408|3,259|
|**Other trading activities**|||
|OOPS income|59,997|34,123|
|**Investment income**|||
|Deposit account interest|2|-|
|**Total incoming resources**|62,407|37,382|
|**EXPENDITURE**|||
|**Raising donations and legacies**|||
|Sundries|74|75|
|**Other trading activities**|||
|School Fundraising|4,166|-|
|Minibus|1,210|530|
||5,376|530|
|**Other**|||
|Wages|28,504|23,546|
|Social security|384|5,984|
|Pensions|118|133|
|Payroll cost|489|464|
|Bus trip|-|935|
||29,495|31,062|
|Total resources expended|34,945|31,667|
|**Net income**|27,462|5,715|
This page does not form part of the statutory financial statements
Page 10