PARKGATE JUNIOR SCHOOL 2017/18 FINAL FINANCIAL POSITION

CFR CODE (this is the common financial reporting requirement used by all UK maintained schools

Budget Area

Budget     2017/18

Actual Spend      2017/18

Comments and Explanation

Expenditure

£

£

(E01-E11)+E26

Staff & Related

£852,500.00

£849,710.42

This is the cost of all teaching and non-teaching staff including staff development and training and in common with other schools is the largest area of expenditure.

(E12-E18)

Premises

£56,473.00

£59,919.23

Utilities, maintenance and repairs - whether planned or unplanned, cleaning caretaking and security costs.

E19

Department and Learning Resources

£31,218.00

£46,777.82

All resources to support the teaching of the curriculum plus the cost of any trips - including residentials, swimming costs not met by parent contributions

E20

ICT

£18,918.00

£18,504.84

Included are costs associated with providing and maintaining ICT provision and software licences.

(E21-E23)+(E27-E29)

Admin & Professional Services

£67,990.00

£67,683.87

The school purchases supplies and services to support both the provision of teaching and learning and specialist administration support.  Examples would include specialist education advisors and pupil support e.g. counselling, payroll finance and HR services and annual auditing of the school's safeguarding records.

E24

Enterprise & Specialist Schools

£0.00

£2,855.00

This is the amount by which the school subsidises clubs

E25

Catering

£10,633.00

£13,524.00

This is the balance of the cost of maintaining the kitchen that is not covered by payments for school meals and the cost of providing Free School meals to eligible pupils.

E30

Direct Revenue Financing

£0

£0

This is revenue income reallocated to capital funds in order to cover the cost of one off items or projects costing over £2,000.

E31-E32

Extended Schools/CCs

£0

£0

Not applicable to Parkgate Junior

CE01-CE04

Capital Expenditure

£6,666.00

£2,000.00

The new external community room conversion cost is included here

Total Expenditure

£1,044,398.00

£1,060,975.18

INCOME

The school receives a fixed income for each pupil.  In addition specific money is allocated for special educational needs, pupil premium, sports premium.  Donations and hiring income is also included here.

(I01-I08)+(I10-I11)+(I13-I15)+I18

Revenue Income

£975,527.00

£1,019,837.76

I09

Catering Income

£0

£494.42

Payments to the school (as opposed to Caterlink) for school meal costs

I12

Trips and Visits Income

£0

£18,092.50

Parent contributions to the cost of trips

I16-I17

Extended Schools/CCs

£0

£0

Not applicable to Parkgate Junior

CI01-CI04

Capital Income

£6,666.00

£6700.00

£6,711 was allocated by the DfE for capital work.  The balance is funding received from the PTA and transferred from revenue to fund capital projects

Total Income

£982,193.00

£1,045,124.68

BALANCES

Balance B/F

Carry Forward

Revenue Balances

B01-B02

£57,519.00

£36,969.43

This is the money not spent at the end of the financial year and is available to spend in future years.

Capital Balance

B03-B05

£0

£6,700.00

Extended Schools Balances

B06

£0

£0

£57,519.00

£43,669.43