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