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2020-10-31-accounts

Trustees		Lord John Nash
		Lady Caroline Nash
		Mr Gilbert Chalk
		Mr John Putt		(Appointed	19February
				2020)
		Mr David Bloch		(APPointed	2 April 2022)
Charity	number	1114396
Principal	address	Future
		c/o Future Academies
		Chichester Street
		London
		SW1V 3AT
Auditor		Alexander James & Company	Limited
		Upper Deck
		Admirals Quarters
		Portsmouth Road
		Thames Ditton
		Surrey
		KT7 OXA

		Page
Trustees' report		t -5
Statement ofTrustees'	responsibilities
Independent auditor's	report	7-8
Statement offinancial	activities
Balance sheet		to
Statement ofcash flows
Notes to the financial	statements	12 - 18

					Unrestricted	Total	Unrestricted	Total
					funds		funds
				Notes	2020	2020	2019f	2019
Income from:
Donations and	legacies			3	252,482	252,482	6,262,360	6,262,360
Investments				4	37,729	37,729	38,728	38,728
Total income					290,211	290,211	6 301 088	6301 088
~di
Raising funds				5	24,888	24,888	8,629	8,629
Charitable activities				6	551,049	551,049	1,334,724	1,334,724
Total expenditure					575,937	575,937	1,343,353	1,343,353
Net gains/(losses)		on investments		10	(12,925)	(12,925)	(61,929)	(61,929)
Net (outgoing)/incoming			resources		(298,651)	(298,651)	4,895,806	4,895,806
Other recognised		gains	and losses
Other gains or	losses			12	(4,941)	(4,941)	(662)	(662)
Net movement	in	funds			(303,592)	(303,592)	4,895,144	4,895,144
Fund balances	at 1 November 2019				6,157,500	8,157,500	3,262,356	3,262,356
Fund balances	at	31 October 2020			7,S53,908	7,853,908	8,157,500	8,157,500

					2020		2019
				Notes	8		8
Fixed assets
Investments				13		6,788,356		8,248,306
Current assets
Debtors				14			75,000
Cash at bank	and	in	hand		1,087,832		1,850,664
					1,087,832		1,925,664
Creditors: amounts one year			falling due within	15	(22,080)		(16,470)
Net current assets						1,065,552		1.909,194
Total assets	lees	current gabilities				7,853,908		8,157 5PP
Income funds
Unrestricted	funds					7,853,908		8,157,500
						7,853,908		8,157,500

				2020		2019
			Notes	f		f
Cash flows from operating		activities
Cash (absorbed by)/generated		from	17
operations					(247,786)	4,978,234
Investing	activities
Purchase	of investments			4,260,478		(6,756,630)
Proceeds	from disposal of investments			(4,813,453)		1,858,409
Investment	income received			37,729		38,728
Net cash	used in investing	activities			(515,246)	(4,859,493)
Net cash	used in financing	activities
Net (decrease)/increase in		cash and	cash
equivalents					(763,032)	118,741
Cash and	cash equivalents at beginning		ofyear		1,850,664	1,731,923
Cash and	cash equivalents	at end of	year		1,087,632	1,850,664

Donations	and legacies
		Unrestricted	Unrestricted
		funds	funds
		2020	2019
Donations	and gifts	252,482	6,262,360
Investments
		Unrestricted	Unrestricted
		funds	funds
		2020	2019
		6	6
Income from listed investments		33,564	30,717
Interest receivable		4,165	8,011
		37,729	38,728

			Unrestricted	Unrestricted
			funds	funds
			2020	2019
				6
Investment	mana	ament	24,888	8,629
			24,888	8,629

		Grants to	Grants to	Total	Grants to	Grants to	Total
		Future	other	2020	Future	other	2019
		Academies	charities		Academies	charities
		2020	2020		2019	2019
			6			6
Grants made		223,366	316,591	539,957	1,153,596	169.500	1,323.096
Share of governance costs (see note 7)		11,092		11,092	11,628		11,628
		234,458	316,591	551,049	1,165,224	169,500	1,334,724
Support costs
				Support	Governance	2020	2019
				costs	costs
				5
Audit fees					5,760	5,760	5,760
Accountancy					4,950	4,950	5,100
Telephone	and general	expenses			15	15	308
Bank charges					367	367	460
					11,092	11,092	11,628
Analysed	between
Charitable	activities				11,092	11,092	11,628

Net gains/(	loss	es) on investments
			Unrestricted Unrestricted
			funds	funds
			2020	2019
			6
Revaluation	of	investments	(42,899)	(32,548)
Gain/(loss)	on	sale of investments	29,974	(29,381)
			(12,925)	(61,929)

			Unrestricted	Unrestricted
			funds	funds
			2020	2019
			6
Foreign	exchange	gains	4,941	662

Fixed asset investments
	Listed
	investmentsf
Cost or valuation
At 1 November 2019	6,248,306
Additions	(4,260,478)
Valuation changes	(42,899)
Disposals	4,843,427
At 31 October 2020	6,788,356
Carrying amount
At 31 October 2020	6,788,356
At 31 October 2019	6,248,306

14	Debtors
								2020	2019
	Amounts falling due		within one year:					E	E
	Other debtors								75,000
	Other debtors	represents		Gift Aid recoverable	on donations	received	by the Charity	by the balance	sheet
	date.
15	Creditors: amounts		falling due within one year
								2020	2019
								E	E
	Accruals and	deferred	income					22,080	16,470

17	Cash generated from operations	Cash generated from operations			2020f	2019 f
	(Deficit)/surpus for the year				(298,651)	4,895,806
	Adjustments far:
	Investment incame recognised	in statement	offinancial	activities	(37,729)	(38,728)
	Foreign exchange differences				(4,941)	(662)
	(Gain)/lass on disposal of investments				(29,974)	29,381
	Fair value gains and losses on	investments			42,899	32,548
	Movements in working capital:
	Decrease in debtors				75,000	62,500
	Increase/(decrease) in creditors				5,610	(2,611)
	Cash (absorbed by)/generated	from operations			(247,786)	4,978,234
18	Analysis of changes in net funds
	The Charity had no debt during	the year.