Private School Fund

Publicly available information relating to the school’s finances.

Parkside Community School’s - Private School Fund is made up of individual ledgers, each have an agreed purpose eg. charity fundraising events, extra-curricular school trips.

Accounts are prepared to run from 1 September to 31 August each academic year.

The Private School Fund is held in a separate bank account to the school’s public funds and is reconciled regularly throughout the school year by the finance team, following strict accounting guidelines laid out by Derbyshire County Council’s Financial Regulations & Procedures and the School Financial Value Standard (SFVS).

An annual audit is carried out by an independent auditor in line with School Financial Value Standards (SFVS), ensuring that:

  • The fund is being correctly operated.
  • The financial statements produced are correct.
  • The review of accounting records represents a true and fair view of the transactions for the previous 12 month period.

Private School Fund accounts are available for review by any interested parties (e.g. parents or staff) on request – End of year balances detailed.

Financial/Academic Years

The auditor found all records to be a true and accurate representation of the following academic years.

 

Reducing balance due to donations to school for Projects and Activities and purchase of equipment for specialised areas.

Academic Year - 2016/2017

End of Year Balance £25,892.83

Audited by an Independent Accountant: Small Business Accountants Ltd

 

Approved at Governors Finance & Personnel Committee on 07 May 2019.

Minute Number 29/2018-19

 

Academic Year - 2017/2018

End of Year Balance £22,819.68

Audited by an Independent Accountant: Small Business Accountants Ltd

 

Approved at Governors Finance & Personnel Committee on 07 May 2019.

Minute Number 29/2018-19

 

Academic Year - 2018/2019

End of Year Balance £17,553.31

Audited by an Independent Accountant: Small Business Accountants Ltd

 

To be approved at Governors Managing & Organising Committee on 10 February 2020.

Minute Number TBC

  

 

H Burrows, Senior Finance Officer

G Parkes, Director of Resources