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2021-08-31-accounts
| Contents |
Page |
| Reference and administration information |
2 |
| Trustees' report |
3-5 |
| Independent Examiner's report |
6 |
| Statementoffinancial activities |
7 |
| Balance sheet |
8 |
| Notesto the financial statements |
9 - 12 |
| Trustees |
Ms Susan Harris, (Chair) |
Appointed 6 March 2017 |
|
|
Appointed Chair 5 March 2019 |
|
Ms Simone Brych-Nourry |
Appointed 25 November 2014 |
|
Mr Niccolo Caderni |
Appointed 25 November 2014 |
|
Mr David Rosa Casado |
Appointed 27 January 2021 |
|
Mr Filippo Lanza |
Appointed 15 August 2021 |
|
Ms Astrid Nellemann |
Appointed 2 March 2020 |
|
Mr Julian Simmonds |
Appointed 25 November 2014 |
|
|
Resigned 22 June 2021 |
|
Ms Serena Snell |
Appointed 2 March 2020 |
|
Ms Lindsey Tethal Wright |
Appointed 1 June 2020 |
|
|
Resigned 14 June 2021 |
| Secretary |
Mr Lucian Boyd Harte |
Appointed 1 April 2016 |
| Charity address |
Lots Road |
|
|
London |
|
|
SW10 0AB |
|
| Charity Registration No |
1120784 |
|
| Bankers |
National Westminster Bank PLC |
|
|
Kensington, Royal Garden Branch |
|
|
PO Box 2341 |
|
|
55 Kensington High Street |
|
|
London W8 5ZG |
|
| Independent Examiner |
Brendan Sharkey FCA |
|
|
MHA MacIntyre Hudson |
|
|
Chartered Accountants |
|
|
6" Floor |
|
|
2 London Wall Place |
|
|
London |
|
|
EC2Y 5AU |
|
|
|
|
|
2021 |
2020 |
|
|
Unrestricted |
Restricted |
Total Funds |
Total |
|
|
Funds |
Funds |
|
Funds |
|
Note |
£ |
£ |
£ |
£ |
| Incoming Resources |
|
|
|
|
|
| Fundraising |
|
|
|
|
485 |
| Voluntary income- donations |
|
115,111 |
63,394 |
178,505 |
202,909 |
| Giftaid received |
|
29,918 |
|
29,918 |
23,933 |
| Tatal incoming resources |
|
145,029 |
63,394 |
208,423 |
227,327 |
| Resources Expended |
|
|
|
|
|
| Cost ofgeneratingfunds |
2 |
2.609 |
|
2,609 |
3,805 |
| Governance costs |
4 |
1,740 |
|
1,740 |
1,740 |
| Grants |
9 |
22,437 |
87,833 |
110,270 |
69,455 |
| Total resources expended |
|
26,786 |
87,833 |
114,619 |
75,000 |
| Netgain/ (losses) on investment |
|
11,062 |
|
11,062 |
(35,000) |
| Net (outgoing) incoming |
|
129,305 |
(24,439) |
104.866 |
117,327 |
| resources for the period |
|
|
|
|
|
| Funds balances broughtforward |
|
|
|
|
|
| at 1 September 2020 |
|
108,073 |
140,023 |
248,096 |
130,769 |
| Funds balances carried forward |
|
237,378 |
115,584 |
352,962 |
248,096 |
| at 31 August 2021 |
|
|
|
|
|
| CHELSEA ACADEMY FOUNDATION |
|
|
|
|
|
2021 |
2020 |
| Balance sheet at 31 August 2021 |
Note |
£ |
£ |
| Investments |
5 |
|
|
| Cash at bank and on deposit |
|
399,924 |
320,269 |
| Debtors |
|
|
|
| Creditors: amounts falling due within one year |
6 |
(46,962) |
(72,173) |
| Net current assets |
|
352,962 |
248,096 |
| Creditors: amounts falling due after one year |
|
|
|
| Total net assets |
|
352,962 |
248,096 |
| Represented by: |
|
|
|
| Funds and reserves |
|
|
|
| - restrictedfunds |
7 |
115,584 |
140,023 |
| - unrestrictedfunds |
8 |
237,378 |
108,073 |
| Total funds |
|
352,962 |
248,096 |
2
Cost of generating funds |
2021 |
2020 |
|
£ |
£ |
| Professionalfees |
420 |
740 |
| ICT |
1,426 |
1,069 |
| Other costs |
763 |
1,996 |
| Total costofgenerating funds |
2,609 |
3,805 |
| 4 |
Governance costs |
2021 |
2020 |
|
|
£ |
£ |
| Independent examination |
|
1,740 |
1,740 |
|
|
1,740 |
1,740 |
6
Creditors: amounts falling due within one year |
2021 |
2020 |
|
£ |
£ |
| Expense creditors and accruals |
1,740 |
1,740 |
| Grants owing to Chelsea Academy |
45,222 |
70,433 |
|
46,962 |
72,173 |
|
At 1 |
Incoming |
Resources |
At31 August |
|
September |
resources |
expended |
2021 |
|
2020 |
|
|
|
|
£ |
£ |
£ |
£ |
| Garfield Weston |
9,796 |
|
(9,796) |
Nil |
| John Armitage Charitable Trust |
28,875 |
35,000 |
(28,875) |
35,000 |
| John Lyon's Charity |
17,381 |
|
(13,288) |
4,093 |
| ArtAuction Fund |
4,312 |
|
(2,157) |
2,155 |
| ArtAuction Fund 2019 |
2,624 |
|
(1,312) |
1,312 |
| Sir Simon Robertson |
50,000 |
|
(10,000) |
40,000 |
| The Feathers Association |
Nil |
9,000 |
|
9,000 |
| Sir John Cass's Foundation |
15,000 |
|
(15,000) |
Nil |
| South Kensington Estates |
10,000 |
10,000 |
|
20,000 |
| Weinstock Fund |
Nil |
5,000 |
(5,000) |
Nil |
| The Hedley Foundation |
Nil |
2,000 |
|
2,000 |
| Russell Reynolds |
1,000 |
1,000 |
(2,000) |
Nil |
| Variety Capital |
1,000 |
|
|
1,000 |
| Anonymous |
35 |
|
(35) |
Nil |
| Kellogg |
Nil |
1,000 |
|
1,000 |
|
140,023 |
63,394 |
(87,833) |
115,584 |
|
At 1 |
Incoming |
Resources |
At31 August |
|
September |
resources |
expended |
2021 |
|
2020 |
|
|
|
|
£ |
£ |
£ |
£ |
| Unrestrictedfunds |
108,073 |
145,029 |
(15,724) |
237,378 |
|
108,073 |
145,029 |
(15,724) |
237,378 |