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|**Contents**|**Page**|
|---|---|
|Reference and administration information|2|
|Trustees' report|3-5|
|Independent Examiner's report|6|
|Statementoffinancial activities|7|
|Balance sheet|8|
|Notestothe financial statements|9 - 12|





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|||||**2020**|**2019**|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total Funds|Total|
|||Funds|Funds||Funds|
||Note|£|£|£|£|
|**Incoming Resources**||||||
|Fundraising|||485|485|5,415|
|Voluntary income- donations||76,559|126,350|202,909|80,542|
|Giftaid received||23,896|37|23,933||
|Total incoming resources||100,455|126,872|227,327|85,957|
|**Resources Expended**||||||
|Cost ofgeneratingfunds|2|3,803|2|3,805|2,242|
|Governance costs|4|1,740||1,740|1,740|
|Grants|9||69,455|69,455|77,503|
|Total resources expended||5,543|69,457|75,000|81,485|
|Netgain/ (losses) on investment|5||(35,000)|(35,000)||
|Net (outgoing) incoming||94,912|22,415|117,327|4,472|
|resources fortheperiod||||||
|Funds balances broughtforward||||||
|at 1 September 2019|8|13,161|117,608|130,769|126,297|
|**Funds balances carried forward**||108,073|140,023|248,096|130,769|
|**at 31 August 2020**||||||






|**HELSEA ACADEMY FOUNDATION**||||
|---|---|---|---|
|||**2020**|**2019**|
|**Balance sheet at 31 August 2020**|Note|£|£|
|Investments|5||35,000|
|Cash at bank and on deposit||320,269|176,938|
|Debtors|||72|
|**Creditors: amounts falling due within one year**|6|(72,173)|(81,241)|
|**Net current assets**||248,096|130,769|
|**Creditors: amounts falling due after one year**||||
|**Total net assets**||248,096|130,769|
|Represented by:||||
|Funds and reserves||||
|- restricted funds|7|140,023|117,608|
|- unrestricted funds|8|108,073|13,161|
|**Total funds**||248,096|130,769|






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|**2**<br>**Cost of generating funds**|**2020**|**2019**|
|---|---|---|
||£|£|
|Professionalfees|740|420|
|ICT|1,069|964|
|Othercosts|1,996|858|
|Total costofgeneratingfunds|3,805|2,242|





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|**4**|**Governance costs**|**2020**|**2019**|
|---|---|---|---|
|||£|£|
|Independent examination||1,740|1,740|
|||1,740|1,740|



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|**6**<br>**Creditors: amounts falling due within one year**|**2020**|**2019**|
|---|---|---|
||£|£|
|Expense creditors and accruals|1,740|1,740|
|Grants owing to Chelsea Academy|70,433|79,501|
||72,173|81,241|





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||At 1|Incoming|Resources|At31 August|
|---|---|---|---|---|
||September|resources|expended|2020|
||2019||||
||£|£|£|£|
|Garfield Weston|31,855||(22,059)|9,796|
|John Armitage Charitable Trust|15,118|35,000|(21,243)|28,875|
|John Lyon's Charity|12,184|14,000|(8,803)|17,381|
|ArtAuction Fund|4,312|||4,312|
|ArtAuction Fund 2019|2,139|485||2,624|
|Anonymous|35,000||(35,000)|Nil|
|The Hedley Foundation|2,000||(2,000)|Nil|
|Sir John Cass's Foundation|15,000|15,000|(15,000)|15,000|
|South Kensington Estates|Nil|10,000||10,000|
|Sir Simon Robertson|Nil|50,000||50,000|





||At 1|Incoming|Resources|At31 August|
|---|---|---|---|---|
||September|resources|expended|2020|
||2019||||
||£|£|£|£|
|VarietyCapital|Nil|1,000||1,000|
|Russell Reynolds|Nil|1,000||1,000|
|Anonymous|Nil|187|(152)|35|
|St Luke's & ChristChurch|Nil|200|(200)|Nil|
||117,608|126,872|(104,457)|140,023|



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|||At 1|Incoming|Resources|At31 August|
|---|---|---|---|---|---|
|||September|resources|expended|2020|
|||2019||||
|||£|£|£|£|
|Unrestricted|funds|13,161|100,455|(5,543)|108,073|
|||13,161|100,455|(5,543)|108,073|



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