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2002- Treasurer's report By Ruth Higham Scottish Parent Teacher Council

Directors’ Statement

The accounts for the year to 31st August 2002 set out above are a summary of information extracted from the full audited financial statements of the Council.

These summarised accounts may not contain sufficient information to allow for a full understanding of the financial affairs of the Council. For further information the full financial statements with the Auditors’ report and the report of the Directors should be consulted. These are available on request from the office of the Council.

Auditors’ Statement

To the Members of Scottish Parent Teacher Council

In our opinion the summarised accounts of Scottish Parent Teacher Council set out above are consistent with the full financial statements prepared under Section 226 of the Companies Act 1985 for the year ended 31st August 2002.

The respective responsibilities of the directors and auditors and the basis of our audit opinion on the financial statements are set out in full in those financial statements. The text of our unqualified opinion on the financial statements is as follows:

“In our opinion the financial statements give a true and fair view of the state of the company’s affairs as at 31st August 2002 and of its net incoming resources for the year then ended and have been properly prepared in accordance with the Companies Act 1985.”

Norman, Downie & Kerr Ltd

Chartered Accountants & Registered Auditors
The Courtyard
130 Constitution Street
Leith, Edinburgh.

Income & Expenditure Account    
For the Year Ended 31st August 2002
     

2002

 2001
     

£

 £
Incoming Resources      
         
Membership fees       60,068     57,540
         
Members' insurance       51,659     48,387
         
Grants receivable       13,133              -
         
Conference fees & other income          680          977
         
Bank interest         5,575       7,328
         
Total Incoming Resources     131,115   114,232
         
         
Resources Expended      
         
Advice & information   17,534 17,692
         
Policy development & publicity 13,342 11,305
         
Conferences & meetings   5,392 5,000
         
Members' insurance costs   38,652 36,554
         
Safer Use of Services on the Internet project 26,519 839
         
Members' support grants   180 1,377
         
Administrative support costs   11,388 9,353
         
Office occupancy costs   9,645 7,556
         
Management costs   4,839 3,821
         
Total Resources Expended   127,491 93,497
         
Net Incoming Resources for year 3,624 20,735

 
         
Balance Sheet      
At 31st August 2002      
         
     

 2002

 2001

     

 £

 £

Fixed Assets      
Tangible assets         7,304       5,130
Investment assets: Cash on deposit   140,000               -
        147,304       5,130
         
Current Assets      
         
Debtors       37,877       4,551
         
Cash at bank and in hand       34,905   204,041
         
          72,782   208,592
         
Current Liabilities      
         
Creditors - accruals         4,404       1,664
         
Net Current Assets       68,378   206,928
         
Net Assets      

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