Registered Charity Number : 802621
OAKLEIGH SCHOOL PARENT STAFF ASSOCIATION
TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
OAKLEIGH SCHOOL PARENT STAFF ASSOCIATION
LEGAL AND ADMINISTRATIVE INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Trustees Clare Power Charity Number 802621 Registered Office 280 Oakleigh Road North London N20 0DH
OAKLEIGH SCHOOL PARENT STAFF ASSOCIATION
CONTENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Trustees' Report
Statement of Finanical Activities
Balance Sheet
Notes to the Financial Statements
OAKLEIGH SCHOOL PARENT STAFF ASSOCIATION
TRUSTEES' REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2024
The trustees present their annual report and financial statements for the year ended 30 September 2024 .
OAKLEIGH SCHOOL PARENT STAFF ASSOCIATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 SEPTEMBER 2024
The trustees present their report with the financial statements of the charity for the year ended 30 September 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).
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 C Power Head Teacher
Approved by order of the board of trustees on 29 July 2025 and signed on its behalf by:
Ms C Power - Trustee
This report was approved by the trustee and signed on its behalf by:
---------------------------------------------------Clare Power Trustee Date : 29 July 2025
Page 1 of 7
OAKLEIGH SCHOOL PARENT STAFF ASSOCIATION
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 30 SEPTEMBER 2024
| Recommended categories by activity Notes Income and endowments from: Donations and legacies 2 Other trading activities 3 Investments 4 Total Expenditure on: Raising funds 5 Charitable activities 6 Other 8 Total Net income/(expenditure) Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricted funds £ 30,563 60,340 48 90,951 20,663 20,663 5,003 46,328 44,623 44,623 72,170 116,793 |
Restricted income funds £ 34,000 - - 34,000 - - - - 34,000 34,000 - 34,000 |
Total Funds 2024 £ 64,563 60,340 48 124,951 20,663 20,663 5,003 46,328 78,623 78,623 72,170 150,793 |
Total Funds 2023 £ 13,282 43,244 32 |
|---|---|---|---|---|
| 56,558 | ||||
| 19,293 19,261 2,522 |
||||
| 41,076 | ||||
| 15,482 | ||||
| 15,482 56,688 |
||||
| 72,170 |
Page 2 of 7
OAKLEIGH SCHOOL PARENT STAFF ASSOCIATION
BALANCE SHEET
FOR THE YEAR ENDED 30 SEPTEMBER 2024
| ALANCE SHEET OR THE YEAR ENDED 30 SEPTEMBER 2024 |
||
|---|---|---|
| Recommended categories by activity Notes Unrestricted funds £ Restricted income funds £ Current assets Debtors 9 35,232 - Cash at bank and in hand 10 109,615 - Total current assets 144,847 - Creditors: amounts falling due within one year 11 (5,833) - Net current assets/(liabilities) 150,680 - Total assets less current liabilities 150,680 - Provisions for liabilities 114 - Total net assets or liabilities 150,566 - Funds of the Charity Unrestricted funds 12 116,793 Restricted income funds 12 34,000 Endowment funds 12 Total funds 116,793 34,000 |
Total Funds 2024 £ 35,232 109,615 144,847 (5,833) 150,680 150,680 114 150,566 116,793 34,000 - 150,793 |
Total Funds 2023 £ - 65,475 65,475 (6,581) 72,056 |
| 72,056 | ||
| 114 | ||
| 71,942 | ||
| 72,170 - - |
||
| 72,170 |
The financial statements were approved by the trustees on 29 July 2025 and signed on its behalf by:
Clare Power Trustee Date : 29 July 2025
Page 3 of 7
OAKLEIGH SCHOOL PARENT STAFF ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
1. Accounting Policies
The principal accounting policies adopted by the Charity, which is a public benefit entity, in the preparation of the accounts are as follows.
1.1 Basis of preparation
These accounts have been prepared under the historical cost convention, as modified by the inclusion of charitable properties and fixed asset investments and investment properties at valuation.
These accounts have been prepared in accordance with “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) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
These accounts are presented in pounds sterling and rounded to the nearest pound.
1.2 Going concern
The Trustees have prepared financial projections, taking into consideration the current economic conditions and have, at the time of approving these accounts, a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the accounts.
1.3 Income from donations or grants
Income from donations and grants is recognised when the charity is entitled to the funds, the receipt is probable and the amount can be measured reliably. For donations, this is usually on receipt. For grants, this is usually when a formal o'er is made in writing. If a donation or grant contains terms and conditions outside of the charity’s control which must be met before the charity is entitled to the funds, or if the donor specifies that the funds must be used in future time periods, then the income is deferred.
1.4 Legacies
Legacies are included in the SOFA when receipt is probable, that is, when there has been grant of probate, the executors have established that there are sufficient assets in the estate and any conditions attached to the legacy are either within the control of the charity or have been met.
1.5 Tax reclaims on donations and gifts
Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.
1.6 Investment income
Dividends are included in the Statement of Financial Activities when they are declared at an amount which includes the tax credit recoverable from HM Revenue and Customs.
1.7 Critical accounting estimates and judgements
In the application of the charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
There are no estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities.
Page 4 of 7
2. Income from Donations and Legacies
| Analysis Unrestricted funds Restricted income funds £ £ Donation and gifts 30,563 34,000 30,563 34,000 3. Income from Other Trading Activities Analysis Unrestricted funds £ OOPS Income 60,340 60,340 4. Income from Investments Analysis Unrestricted funds £ Interest income 48 48 5. Expenditure on Raising Funds Analysis Sundries Support Costs 6. Expenditure on Charitable Activities Analysis Bank charges Support Costs 7. Support Costs Analysis Pension Payroll cost Wages and salaries 8. Other Expenditure Analysis Unrestricted funds £ School Fundraising 3,513 Minibus 1,490 5,003 |
Total funds 2024 £ 64,563 64,563 Total funds 2024 £ 60,340 60,340 Total funds 2024 £ 48 48 Total funds 2024 £ - 20,663 |
Total funds 2023 £ 13,282 13,282 Total funds 2023 £ 43,244 |
|
|---|---|---|---|
| 43,244 | |||
| Total funds 2023 £ 32 |
|||
| 32 | |||
| Total funds 2023 £ 44 19,249 |
|||
| 20,663 | 19,293 | ||
| Total funds 2024 £ - 20,663 |
Total funds 2023 £ 12 19,249 |
||
| 20,663 | 19,261 | ||
| Total funds 2024 £ 205 902 40,218 |
Total funds 2023 £ - 851 37,647 |
||
| 41,325 | 38,498 | ||
| Total funds 2024 £ 3,513 1,490 5,003 |
Total funds 2023 £ 1,440 1,082 |
||
| 2,522 |
Page 5 of 7
9. Debtors: Amounts falling due within one year
| Total funds 2024 Total funds 2023 £ £ Other debtors 35,232 - 35,232 - 10. Cash at bank and in hand Total funds 2024 Total funds 2023 £ £ Cash at bank and in hand 109,615 65,475 109,615 65,475 11. Creditors: Amounts falling due within one year Total funds 2024 Total funds 2023 £ £ Wages & Salaries (6,198) (6,947) Taxation and social security (2,061) (2,060) Other creditors 2,426 2,426 (5,833) (6,581) 12. Charity funds 12.1 Details of material funds held and movements during the CURRENT reporting period Fund names Fund balances brought forward Income Expenditure Transfers Gains and losses Fund balances carried forward £ £ £ £ £ £ Unrestricted funds 72,170 90,951 46,328 - - 116,793 Restricted income funds (34,000) 34,000 - - - - Total 38,170 124,951 46,328 - - 116,793 12.2 Details of material funds held and movements during the PREVIOUS reporting period Fund names Fund balances brought forward Income Expenditure Transfers Gains and losses Fund balances carried forward £ £ £ £ £ £ Unrestricted funds 56,688 56,559 41,076 - - 72,170 Total 56,688 56,559 41,076 - - 72,170 |
Total funds 2024 Total funds 2023 £ £ Other debtors 35,232 - 35,232 - 10. Cash at bank and in hand Total funds 2024 Total funds 2023 £ £ Cash at bank and in hand 109,615 65,475 109,615 65,475 11. Creditors: Amounts falling due within one year Total funds 2024 Total funds 2023 £ £ Wages & Salaries (6,198) (6,947) Taxation and social security (2,061) (2,060) Other creditors 2,426 2,426 (5,833) (6,581) 12. Charity funds 12.1 Details of material funds held and movements during the CURRENT reporting period Fund names Fund balances brought forward Income Expenditure Transfers Gains and losses Fund balances carried forward £ £ £ £ £ £ Unrestricted funds 72,170 90,951 46,328 - - 116,793 Restricted income funds (34,000) 34,000 - - - - Total 38,170 124,951 46,328 - - 116,793 12.2 Details of material funds held and movements during the PREVIOUS reporting period Fund names Fund balances brought forward Income Expenditure Transfers Gains and losses Fund balances carried forward £ £ £ £ £ £ Unrestricted funds 56,688 56,559 41,076 - - 72,170 Total 56,688 56,559 41,076 - - 72,170 |
Total funds 2024 Total funds 2023 £ £ Other debtors 35,232 - 35,232 - 10. Cash at bank and in hand Total funds 2024 Total funds 2023 £ £ Cash at bank and in hand 109,615 65,475 109,615 65,475 11. Creditors: Amounts falling due within one year Total funds 2024 Total funds 2023 £ £ Wages & Salaries (6,198) (6,947) Taxation and social security (2,061) (2,060) Other creditors 2,426 2,426 (5,833) (6,581) 12. Charity funds 12.1 Details of material funds held and movements during the CURRENT reporting period Fund names Fund balances brought forward Income Expenditure Transfers Gains and losses Fund balances carried forward £ £ £ £ £ £ Unrestricted funds 72,170 90,951 46,328 - - 116,793 Restricted income funds (34,000) 34,000 - - - - Total 38,170 124,951 46,328 - - 116,793 12.2 Details of material funds held and movements during the PREVIOUS reporting period Fund names Fund balances brought forward Income Expenditure Transfers Gains and losses Fund balances carried forward £ £ £ £ £ £ Unrestricted funds 56,688 56,559 41,076 - - 72,170 Total 56,688 56,559 41,076 - - 72,170 |
Total funds 2024 Total funds 2023 £ £ Other debtors 35,232 - 35,232 - 10. Cash at bank and in hand Total funds 2024 Total funds 2023 £ £ Cash at bank and in hand 109,615 65,475 109,615 65,475 11. Creditors: Amounts falling due within one year Total funds 2024 Total funds 2023 £ £ Wages & Salaries (6,198) (6,947) Taxation and social security (2,061) (2,060) Other creditors 2,426 2,426 (5,833) (6,581) 12. Charity funds 12.1 Details of material funds held and movements during the CURRENT reporting period Fund names Fund balances brought forward Income Expenditure Transfers Gains and losses Fund balances carried forward £ £ £ £ £ £ Unrestricted funds 72,170 90,951 46,328 - - 116,793 Restricted income funds (34,000) 34,000 - - - - Total 38,170 124,951 46,328 - - 116,793 12.2 Details of material funds held and movements during the PREVIOUS reporting period Fund names Fund balances brought forward Income Expenditure Transfers Gains and losses Fund balances carried forward £ £ £ £ £ £ Unrestricted funds 56,688 56,559 41,076 - - 72,170 Total 56,688 56,559 41,076 - - 72,170 |
Total funds 2023 £ - |
Total funds 2023 £ - |
|---|---|---|---|---|---|
| - | |||||
| Total funds 2023 £ 65,475 |
|||||
| 65,475 | |||||
| Total funds 2023 £ (6,947) (2,060) 2,426 |
|||||
| (6,581) | |||||
| 56,688 56,559 |
41,076 - |
- | 72,170 | ||
| 56,688 56,559 |
41,076 - |
- | 72,170 |
Page 6 of 7
12.3 Transfers between funds
This Year
| This Year | |
|---|---|
| Amount | |
| £ | |
| Between unrestricted and restricted funds | - |
| Between endowment and restricted funds | - |
| Between endowment and unrestricted funds | - |
| Last Year | |
| Amount | |
| £ | |
| Between unrestricted and restricted funds | - |
| Between endowment and restricted funds | - |
| Between endowment and unrestricted funds | - |
Page 7 of 7