Scottish Parent Teacher Council

2003- Treasurer's report By Ruth Higham
Scottish Parent Teacher Council

Directors’ Statement

The accounts for the year to 31st August 2003 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 on the two previous pages, are consistent with the full financial statements prepared under Section 226 of the Companies Act 1985 for the year ended 31st August 2003.

The respective responsibilities of the directors and auditors for the accounts, the limitation of our reporting responsibilities as being solely to the company and its members, 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 affairs of the charitable company as at 31st August 2003 and of its incoming resources and application of resources, including its income and expenditure, 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 2003
	2003	2002
	Ł	Ł
Incoming Resources

Membership fees	61,723	60,068

Members' insurance	65,034	51,659

Grants & Donation	2,248	13,133

Conference fees & other income	395	680

Bank interest	6,453	5,575

Total Incoming Resources	135,853	131,115


Resources Expended

Advice & information	16,299	17,534

Policy development & publicity	10,757	13,342

Conferences & meetings	4,039	5,392

Members' insurance costs	49,765	38,652

Safer Use of Services on the Internet project	1,821	26,519

Members' support grants	275	180

Administrative support costs	11,592	11,388

Office occupancy costs	10,596	9,645

Management costs	4,680	4,839

Total Resources Expended	109,824	127,491

Net Incoming Resources for year	26,029	3,624


Balance Sheet
At 31st August 2003

	2003	2002
	Ł	Ł
Fixed Assets
Tangible assets	4,950	7,304
Investment assets: Cash on deposit	140,000	140,000
	144,950	147,304

Current Assets

Debtors	33,131	37,877

Cash at bank and in hand	66,740	34,905

	99,871	72,782

Current Liabilities

Creditors - accruals	3,110	4,404

Net Current Assets	96,761	68,378

Net Assets	241,711	215,682

Return to previous page