FRIENDS OF FOLKESTONE ACADEMY LTD
(a company limited by guarantee)
TRUSTEES? REPORT AND ACCOUNTS
YEAR ENDED 31 JANUARY 2025
*AED3U8YG*
1311012025
COMPANIES HOUSE
A05
#232
Company Limited by Guarantee
Company Registration Number 5017884 (England and Wales)
Charity Registration Number 1103352

FRIENDS OF FOLKESTONE ACADEMY LTD
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Sir Roger De Haan CBE DL (Chaim]an)
Graham Badman CBE
Michael Pearce
Tracy Luke MBE
Louisa Coppins
Am'e Moris
Secretary Paula Hall
Registered and Principal Office
Strand House
Pilgrims Way
Monks Horton
Ashford TN25 6DR
Solicitors
Withers LLP
20 Old Bailey
London EC4M 7AN
BAnkers
National Westminster Bank plc
37 Old Dover Road
Canterbury CTI 3JB
Kndependent Examiner
Jonathan Spurling FCCA
Spurling Cannon
Chartered Certified Accountants
424 Margate Road
Westwood
Ramsgate
Kent CT12 6SJ
Investment Manager
Sarasin & Partners LLP
Juxon House
100 St Paul's Churchyard
London EC4M 8BU

FIUENDS OF FOLKESTONE ACADEMY LTD
REPORT OF THE TRUSTEES
The trustees of the Friends of Folkestone Academy Ltd, who are also the directors of the
company, present their report together with the audited financial statements for the year
ended 31 January 2025. The trustees confinn that the annual report and financial
statements of the charity comply.with current statutory requirements, the requirements of
the governing document and the provisions of the Statement of Recommended Practice
(SORP) "Accounting and Reporting by Charities" applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS 102).
Constitution and Principal Objectives
The Friends of Folkestone Academy Ltd, a company limited by guarantee and a registered
charity, was established on 16 January 2004 (company number 5017884, charity number
1103352). The Friends of Folkestone Academy Ltd is hereafter referred to as'the charity"
in these independently examined financial statements.
The charity's Articles of
Association are the primary governing documents. The trustees meet as often as is required
to take decisions affecting the operation of the charity. As the charity has no staff, all
decisions related to the operation of thc charity are taken by the trustees.
The objects of the charity are to advance for the public benefit, education in the United
Kingdom including support of the aims and objectives of the primary and secondary phases
of Folkestone Academy, the relief of unemployinent, the provision of facilities in the
interest of social welfare, for recreation and other leisure time occupation.
Trustees
Trustees are appointed by the recommendation of the existing trustees, subject to the
approval of a member of the charity. New trustees, when appointed, will be provided with
an inforniation pack including the latest accounts and the Articles of Association and will
be afforded the opportunity to undertake a site visit to the premises of Folkestone Academy.
The following are the trustees of the charity:
Sir Roger De Haan
Graham Badman CBE
Michael Pearce
Tracy Luke MBE
Louisa Coppins
Am'e Moris
Roger De Haan and Tracy Luke retire by rotation and both being eligible, a resolution
proposing their re-appointment will be submitted at the Annual General Meeting.
All of the trustees are also members of the charity but they hold no beneficial interest
therein.
Although no specific trustee training programme.exists, trustees continue to have exposure
to educational and charitable matters either through their principal occupation and/or
involvement in other charitable institutions.

FRIENDS OF FOLKESTONE ACADEMY LTD
REPORT OF THE TRUSTEES (CONTINUED)
Members, LiAbility
Each member of the charitable company undertakes to contribute to the assets of the charity
in the event of it being wound up while he/she is a member, or within one year after helshe
ceases to be a member, such amount as may be required, not exceeding £ I, for the debts
and liabilities contracted before helshe ceases to be a member.
Reserves Policy
The policy of the trustees is to maintain a growing level of reserves which underpins the
long tenn grant-making strategy of the charity. At this stage, no specific monetary target
has been set. The trustees are satisfied that the charity's reserves are sufficient for its
current purposes. The reserves as at 31 January 2025 amounted to £4,471,000 {2024:
£3,918,000) of which £1,107,000 comprises fixed asset funds.
Investment Policy
The trustees have appointed Sarasin & Partners LLP to manage the investment portfolio.
Monies are invested in one of Sarasin's Charity Authorised Investrncnt Funds which is
designed specifically for charities. The investment objective is to provide long tern] capital
and income growth thTough a broadly diversified global portfolio.
Grant Making Policy
The charity's grant making activity is presently focussed on supporting the primary and
secondary phases of two schools comprising Folkestone Academy.
Operating and Financial Review
The net gain for th¢ year before investment gains amounted to £176,000 (2024.. net loss
£70,000), The 2025 result, compared to 2024, arose as only one relatively small donation
was expensed in the year. The charity received a £66,000 (2024: £48,000) donation from
its trading subsidiary and continued to benefit from rental income arising from its
subsidiary's occupation of the Marlowe Innovation Centre.
The investment portfolio increased by £500,000 during the year, mainly due to an increase
in the market value of the charity's investments, as well as the reinvestment of income.
Investment gains amounted to £375,000 (2024: gains £46,000), reflecting a 12.70/0 rise in
unit prices in the year (2024: rise 1.6% ).
The charity has a wholly owned subsidiary, FFMA (Trading) Limited tla "The Marlowe
Innovation Centre"
The subsidiary operates an "Innovation Centre" from prernises on a
site adjacent to the Royal Harbour Academy in Ramsgate, Kent. The objective is to attract
young, innovative businesses to the Marlowe Innovation Centre and to build a close
working relationship between the school and tenant businesses, with the aim of assisting
in the education of students and creating employment opportunities in the area. Surpluses
generated are paid to the parent charity.

FRIENDS OF FOLKESTONE AcADE1￿y LTD
REPORT OF THE TRUSTEES (CONTINUED)
Operating and Financial Review {Continued)
The Marlowe Innovation Centre (MIC) continues with offering versatile accommodation
for new and growing businesses in Thanet and surrounding areas. This year the center has
continued to maintain its high levels of occupancy with an average occupancy rate
between 940/0 and l 00 % ihroughout the year. Movements of businesses from the center
has been largely due to expansion and requiring larger premises, with some internal
moves of this similar nature.
Virtual tenants (VT'S) continue to grow with an increase of15 since last year. This is a
significant increase on the previous year, this is partly due to a local competitor going
into administration as well as word of mouth referrals.
Back offices services are available and offered to all tenants, this is still a well utilised
service with some tenants making regular use of this service.
Boardroom and Meeting room bookings took a slight decline this year, this is mainly due
lo companies finding free alternatives or not renewing training contracts, The MIC
continues to promote this via social media platfornis, however work of mouth referrals
are often the source of any new business.
Marketing of all the facilities available is primarily done through social media platfonns
and word of mouth. This is at minimal cost and is most effective. Online Agents are used
from time to time as well when required.
The MIC continues to benefit from the solar panels on the roof, with substantial savings
being made on their energy bills. The EV charging points are used regularly? generating a
steady income for the centre. The boilers that have recently been replaced are also
providing cost-saving and energy saving benefits to the centre.
The Marlowe Innovation Centre continues to build on and establish relationships with local
schools in the wider community and offer work experience opportunities to students from
various schools, including the nearby Royal Harbour Academy. This opportunity to
students is provided by both the center itself and businesses within the center.
Publlc Beneflt
The charity's grant making activity has been focused on supporting the aims and objectives
of the Folkestone Academy. The principal way in which this has been accomplished has
been through payment of direct charitable grants to fund initiatives not funded by the
school's mainstream government grants. The trustees have considered the impact of the
public benefit requirement including the guidance issued by the Charity Commission.

FRIENDS OF FOLKESTONE ACADEMY LTD
REPORT OF THE TRUSTEES (CONTINUED)
Risk Managen]ent
The trustees have examined the major strategic, business and operational risks which the
charity faces and have put in place systems, policies, procedures and controls in order to
manage and mitigate these risks. Where appropriate, the trustees will act only after taking
appropriate professional advice. The main risk faced by the charity relates to investment
risk on its portfolio. This risk is mitigated by investing all the charity's surplus Eunds in a
reputable diversified investment fund designed exclusively for charities.
Statement of Trustees, Responsibilities
The trustees (who are also directors of Friends of Folkestone Academy Ltd for the purposes
of company law) are responsible for preparing the trustees, report and financial statemenls
in accordance with applicable law and United Kingdom Accounting Standards (United
Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year
which give a tnie and fair view of the state of affairs of the charity and of the incoming
resources and application of resources, including the income and expenditure, of the charity
for that period. In preparing these financial statements, the trustees are required to:
select suitable accounting poli¢ies and then apply them consistently;
observe the methods and principles in the Charities, SORP;
make judgements and estimates that are reasonable and prudent;
state whether applicable United Kingdom Accounting Standards have been followed,
subject to any material departures disclosed and explained in the financial statements"
and
prepare the financial statements on the going concern basis unless it is inappropriate to
presume that the charitable company will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with
reasonable accuracy at any time the financial position of the charitable Company and enable
them to ensure that the financial statements comply with the Companies Act 2006. They
are also responsible for safeguarding the assets of the charitable company and hence for
taking reasonable steps for the prevention and detection of fraud and other irregularities.
Each of the trustees confinT]S that:
$0 far as the trustee is aware, there is no relevant inforniation of which the charitable
company's independent examiner is unaware; and
the tnistee has taken all the steps that ought to have taken as a trustee in order to be
aware of any relevant inforniation and to establish that the charitable company's
independent examiner is aware of that infomiation.

FIUENDS OF FOLKESTONE ACADEMY LTD
REPORT OF THE TRUSTEES (CONTINUED)
In preparing this report the trustees have taken advantage of the small companies
exemptions provided by section 415A of Part 15 of the Companies Act 2006.
The report of the trustees was approved by the trustees on
on their behalf by:
29- 09- 1016 and signed
Sir Roger De Haan
Trustee
Registered and Principal O￿lCe
Strand House
Pilgrims Way
Monks Horton
Ashford TrJ25 6DR

FRIENDS OF FOLKESTONE ACADElWtY LTD
Independent examiner's report to the trustees of Friends of Folkestone Academy Ltd
('the Company,)
I report to the charity Trustees on my examination of the accounts of the Company for the
year ended 31 January 2025.
Responsibilities and basis of report
As the Trustees of the Company (and its directors for the purposes of company law) you
are responsible for the preparation of the accounts in accordance with the requirements of
the Companies Act 2006 ('the 2006 Act,).
Having satisfied myself that the accounts of the Company are not required to be audited
under Part 16 of the 2006 Act and are eligible for independent examination, I report in
respect of my examination of the Company's accounts carried out under section 145 of the
Charities Act 201 I ('the 2011 Act,). Ln carrying out my examination I have followed the
Directions given by the Charity Commission under section 145(5)(b) of the 201 l Act.
Independent examlner's statement
I have completed my examination. I confirm that no maners have come to my attention in
connection with the examination giving me cause to believe:
accounting records were not kept in respect of the Company as required by section 386
of the 2006 Act. or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006
Act other than any requirement that the accounts give a 'true and fair, view which is not a
matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of
the Statement of Recommended Practice for accounting and reporting by charities
[applicable to charities preparing their accounts in accordance with the Financial Reportin8
Standard applicable in the UK and Republic of Ireland (FRS I02)].
I have no concems and have come across no other matters in connection with the
examination to which attention should be drawn in this report in order to enable a proper
understanding of the accounts to be reached.
This report is made solely to the Company's Trustees, as a body, in accordance with Part 4
of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken
so that I might state to the Company's Trustees those matters l am required to state to them
in an Independent examiner's report and for no other purpose. To the fullest extent
perniitted by law, I do not accept or assume responsibility to anyone other than the
Cornpany
d the Com
y's Ttustees as a body, for my work or for this report.
Signed:
Jonathan Spurling FC
Spurling Cannon, Chartered Certified Accountants
424 Margate Road, Westwood
Ramsgate. Kent, CTI 2 6SJ
United Kingdom
Dated:

FRIENDS OF FOLKESTONE ACADEMY LTD
STATEMEINT OF FINANCIAL ACTIVITIES
FOR THE YEAR TO 31 JANUARY 2025
Janu&ry
2024
2025
202S
2025
Restricted
FuDd
Fixed
Asset
£iooo
Unrestrieted Funds
Fixed
Asstt
£'ooo
Total
Funds
£'ooo
Total
Fund$
£'ooo
General
Note £'OOO
Income and endowments from:
Other income
Bank interest
Investment income
Total income
75
75
75
152
229
152
229
127
205
Expendlture on:
Raising funds
Charitable activities
Support costs
Total expenditure
22
30
52
272
23
30
53
275
Net Income before Investment
galns/(losses)
206
(30)
176
(70)
Gains/(losses) on investments
12
377
377
46
Net Income
583
(30)
553
(24)
Transfer between funds
(5)
Funds brought forward
2,786
1,132
3,918
3,942
Total funds carrled forward
16
3,364
1,107
4,471
3,918
Th¢ notes on pages 9 to 16 forn) part of these financial statements.

FRIENDS OF FOLKESTONE ACADEMY LTD
(A company limfited by guarantee) Regi$t¢red Number: 05017884
BALANCE SEtEET
31 JANUARY 2025
Note
31 January 31 January
2025
2024
£'ooo
£'ooo
Flxed Assets
Tangible fixed assets
InvestmeDIS
Investment in subsidiary undertaking
io
12
1.107
3,357
1,132
2,829
4,464
3.961
Current assets
Cash held by Investment Manager
Cash at bank and in hand
13
39
170
209
133
133
Creditors; amounts falling due within one year
14
(126)
(252)
Nel current assets
(43)
3,918
Tot21 Assets less current liabllities
4,471
Charity Funds
Restricted Funds
Fixed Asset Fund
16
1,107
1,132
Unre$tric¢ed funds
Genernl Fund
FiJ(cd Asset Fund
16
3,364
2,786
16
4,471
3.918
The trustees consider that the company is entitled lo exemption from the requirement to have an audit under the
provisions of section 477 of Ihe Companies Act 2006 ("the Acl") and members have not required the company to
obtain an audit for the year in question in accordance with section 476 of the Act. In accordance with section 145 of
the Charities Act 20 I l an independeni examination is required.
The trustees acknowledge their responsibilities for complying with the ￿quIrernents of the Act with respect to
accounting records and for preparing financial statements which give a true and fair view of the slate of affairs of thc
company as at 31 January 2025 and of its net incoming resources for Ihe year in accordancc with the requiremen15 of
sections 394 and 395 of the Act and which othen¥ise comply wilh the requirements of (he Act r¢l81in8 to financial
Sthlements, so far as applicable to the company.
The financial statements have been prepared in accordance with the provisions applicablc to Companies subject to
the small companies regirrie and in accordance with the provision5 of FRS 102 Section l A - small entilies.
The financial slalements were approved by the trustees on 29 &pteMbef 2025 and signed on their behalf by:
Sir Roger Dc Haan (Trustee)
The notes on pages 9 to 16 forni part of these financial statcmcnts.

FRIENDS OF FOLKESTONE ACADEMY LTD
NOTES TO THE FINANCIAL sTATEl￿ENTs
FOR THE YEAR ENDED 31 JANUARY 2025
l Accounting Policies
1.1 Basis of Preparation of Financial Statements
Friends of Folkestone Academy Ltd is a registered Charity and a Company limited by
guarantee, incory)orated in England and Wales. Its registered office and principal place of
business is disclosed in the Legal and Administrative Infomiation.
The financial statements have been prepared under the historical cost convention, except
for the valuation of investments which are included at market value, and 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)- (Charities SORP (FRS
I02)), the Charities Act 2011 and the Companies Act 2006.
Friends of Folkestone Academy Ltd meets the definition of a public benefit entity under
FRS 102.
The financial statements have been presented in GBP and rounded to £'OOO.
1.2 Rental Income and Rents Receivable
Rental income and rents receivable are included in the statement of financial activities on
an accrnals basis.
1.3 Grants Receivable and Payable
Grants receivable and payable are included in the statement of financial activities on an
accruals basis.
1.4 Investment Income and Interest Receivable
Investment income and interest receivable are included in the statement of financial
activities on an accruals basis.
1.5 Expenditure
Expenditure is accounted for on an accruals basis and has been classified under expense
categories that aggregate all costs relating to that category. Where cosls cannot be directly
attributed to particular activities they have been allocated on a basis consistent with the use
of resources.
1.6 Unrestricted Funds
All funds except the Marlowe Innovation Centre (MIC) fixed asset fund are unrestricted.
The MIC property has restrictions on its use for a period of time which expires in 2028.

FIUENDS OF FOLKESTONE ACADEMY LTD
NOTES TO THE FINANCIAL sTATE1￿IENTs
FOR THE YEAR ENDED 31 JANUARY 2025
l Accounting policies (continued)
1.7 Support Costs
Support costs comprise of expenditure incurred in connection with the administration of
the charity and compliance with constitutional and statutory requirements.
1.8 Tangible fixed assets
Tangible fixed assets are included in the balance sheet at cost and are depreciated over their
useful economic lives in accordance with the depreciation policy. Related grants are
credited to a fixed asset fund in the statement of financial activities and carried forward in
the balance sheet.
Assets are reviewed annually for impairment. Assets costing less than £1,000 are written
off in the year of acquisition, unless they are part of a greater amount.
1.9 Depreciation
Depreciation is provided on a straight line basis on the cost of tangible flxed assets, to write
them down to their estimated residual values over their expected useful lives. The annual
rates used are:
Leasehold buildings 20/0
Energy saving equipment 5 %
Fixtures and equipment 200/0
1.10 Investments
Investments are included in the financial statements at their market value at the balance
sheet date, Realised and unrealised gains (or losses) are credited (or debited) to the
statement of financial activities in the year in which they arise,
Investments are a form of financial instrument and are initially recognised at their
transaction cost and subsequently measured at fair value at the Balance Sheet date, unless
the value cannot be measured reliably in which case it is measured at cost less impairnient.
Investment gains and losses, whether realised or unrealised, are combined and presented
as 'Gains/(Losses) on investments, in the Statement of Financial Activities.
1.11 Going concern
The charity has prudently built up its reserves over the past few years and its general fund
as at 31 January 2025 was £3.4 million. There are no restrictions on trustees, ability to use
.these funds if necessary to enable it to continue to fulfil its charitable objects.
Based on the above and having regard to the resources available to the entity, the Trustees
have concluded that there is no material uncertainty and that they can continue to adopt the
going concern basis in preparing the annual report and accounts.
10

FRIENDS OF FOLKESTONE ACADEMY LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
1.12 Financial Instruments
The Charity only enters into basic financial instrument transactions that result in the
recognition of financial assets and liabilities such as trade and other debtors and creditors,
loans from banks and other third parties. loans to related parties and investments in ordinary
shares.
2 Taxation
The Friends of Folkestone Academy Ltd is a registered charity and as such its income and
gains are exempt from income tax and co￿OratIon tax to the extent that they are applied to
its charitable activities under the provisions of the Income and Corporation Taxes Act
1988.
3 Other Income
2025
£'ooo
75
2024
£'ooo
75
Rent received
4 Bank Interest
2025
£'ooo
2024
£'ooo
Bank interest received
5 Investment Income
2025
£'ooo
66
86
152
2024
£'ooo
48
79
127
Donation from subsidiary
Other investment income
6 Charitable Actlvlties
2025
2024
£'ooo £'ooo
241
31
272
Donations
Depreciation
30
30
Costs of charitable activities totalling £30,000 (2024: £272,000) were attributable as
follows: £nil from general unrestricted funds (2024: £241,000)" £niL from fixed asset
unrestricted funds (2024: £nil) and £30,000 from restricted funds (2024: £31,000).
11

FRIENDS OF FOLKESTONE ACADEMY LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
7 Support Costs
2025
£'ooo
2024
£'ooo
Legal and professional services
Assurance services
Support costs of £1,000 (2024: £3,000) were attributable to general unrestricted ￿ndS and
all relate to governance costs.
8 Staff Costs
No staff were employed during the year and no trustee received remuneration or expenses
(2024: none).
9 Tangible fixed assets
Buildings Equipment Total
£'ooo
£'ooo
£'ooo
1,455
19
1,474
Cost
At l February 2024
Additions
Written off
At 3 1 January 2025
(i)
23
(i)
1.478
1.455
Depreciation
At l February 2024
Charge
Written off
At 3 l January 2025
323
30
19
342
30
(i)
371
(i)
18
353
Net Book Values
At 3 1 January 2025
1,102
1,107
At 31 January 2024
1.132
1,132
12

FRIENDS OF FOLKESTONE AcADE1￿y LTD
NOTES TO THE FtNANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
At 31 January 2023 the charity had agreed to spending £65,000 (2022: £nil) in capital
equipment at the Marlowe Innovation Centre, though no contracts had been entered into.
As at 31 January 2025 this commitment had been ￿lfIlled.
The land and buildings relate to the Marlowe Innovation Centre, The building is leased
from Kent County Council at a peppercorn rent over a lease of 75 years from July 2009.
No value has been placed on the land in the financial statements due to the restrictive
covenants attaching to the asset. The charity has an option to acquire the land at the end of
the lease temi.
Included within tangible fixed assets are land and buildings with a carying value of
£1,102,000 {2024,, £1,132,000) that are rented to the charity's wholly owned subsidiary,
FFMA (Trading) Limited.
10 Investment in subsldlary undertaklng
2025
2024
£'ooo £'ooo
FFMA (Trading) Limited
The investment comprises l ordinary share of £1 which is 100% of the issued share capital
of the company. The company, which is registered in England and Wales, is the tradin8
ann of the charity. Its results for the year were as follows:
2025
£'ooo
314
(268)
22
2024
£'ooo
312
(254)
Turnover
Expenditure
Other operating income
Interest received
Profit for th¢ year before tax
Distribution to the charity
Retained (loss)/profit
69
66
58
47
11
Assets
Liabilities
Shareholders, funds
102
68
34
98
67
31
13

FRIENDS OF FOLKESTONE ACADEMY LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
11 Listed investments
2025
£'ooo
2,031
126
2024
£'ooo
1,953
78
At Cost:
Opening balance
Additions
Disposals
Total investments at cost
2,157
2,031
At Market Value:
Charity Authorised tnvestment Fund
Total Investments at market value
3,329
3,329
2,829
2,829
Movements in investments at market value
Market value as at l February 2023
Additions at cost less equalisation
Disposals
Unrealised investment gainsl(losses)
Total investments At market value
2,829
l26
2,704
79
374
3,329
46
2,829
The investments are held in a Sarasin & Partners Charity Authorised Investment Fund.
Income received on the investment portfolio during the year comprised of bank interest
amounting to £1,406 (2024: £1,553) and dividend income of £84,958 (2024: £77,600).
The fixed asset investments in the Sarasin fund are invested in a wide variety of sectors
with a significant geographical spread.
12 Current asset investment
2025
£iooo
2024
£'ooo
39
39
Cash held by S&P LLP
13 Creditors - amounts falling due within one year
2025
£'ooo
125
2024
£'ooo
250
Trade creditors
Accruals and deferred income
126
252
14

FIUENDS OF FOLKESTONE ACADEMY LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
14 Transactions Wlth Related Partles
The charity received rent of £75,000 (2024: £75,000) in respect of a lease to its subsidiary
for its premises located at the Marlowe Innovation Centr¢. Additionally, the charity
received a donation of £66,000 (2024: £48,0(Kl) from its subsidiary. During the year the
charity donated £22,000 to the subsidiary to purchase new boilers.
Grants of £nil (2024: £250,000) were made to the Folkestone Academy in the year. Two
of the trustees of the charity (M Pearce and T Luke MBE) are govemors of Folkestone
Academy. L Coppins is the attendance consultant based at Folkestone Academy and A
Moris is headteacher of Morehall Primary School which comes under the Turner Schools
banner along with Folkestone Academy.
IS Statement of Funds
At 1st
At 31st
February Incoming Outgolng Transfers Gains & January
2024 Resources Resources
Losses
2025
£'ooo
£'ooo
£'ooo
£'ooo
£'ooo
£'ooo
Restrlcted Funds
Fixed Asset Fund
1,132
(30)
1,107
Unrestricted funds
General Fund
2,786
2,786
229
229
23
(23)
377
377
3,364
3,364
(5)
Total Funds
3,918
229
(53)
377
4,471
Of the restricted fixed asset fund, £266,000 (2023: £273,000) relates to grant funding
provided by Coastal Communities Fund.
At 1st
At 31st
February Incomlng Outgoing Transfers Galns & January
2023 Resources Resources
Losses
2024
£iooo
£'ooo
£'ooo
£iooo
£'ooo
£'ooo
Restricted Funds
Fixed Asset Fund
1,115
(31)
48
1,132
Unrestricted funds
General Fund
205
205
244
(244)
48
46
46
2,827
2,786
Total Funds
205
275
46
3,918
15

FRIENDS OF FOLKESTONE ACADEMY LTD
NOTES TO THE FINANCIAL STATElklENTS
FOR THE YEAR ENDED 31 JANUARY 2025
16 Analysis of Net Assets Between Funds
The funds of the charity comprise of the following assets:
Unrestricted Restricted
Funds
Funds
2025
202S
£'ooo
£'ooo
1,107
Total
Funds
2025
£'ooo
1,107
3,357
133
(126)
Total
Funds
2024
£'ooo
1,132
2,829
209
(252)
Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
3,357
133
(126)
3,364
1,107
4,471
3.918
Unrestricted Restricted
Funds
Funds
2024
2024
£'ooo
£'ooo
1,132
Total
Funds
2024
£'ooo
1,132
2,829
209
(252)
Total
Funds
2023
£'ooo
1,115
2704
296
(173)
Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
2,829
209
(252)
16