## **FIRST ACADEMY FOUNDATION INCOME STATEMENT FOR THE YEAR ENDED 31 OCTOBER 2020** |Turnover
Other income
Staff cost
Other charges
Profit|**2020**
**£**
7,357
26,743
(6,982)
(25,713)| |---|---| ||1,405| - 1 - **FIRST ACADEMY FOUNDATION STATEMENT OF FINANCIAL POSITION AS AT 31 OCTOBER 2020** |Current assets
Creditors: amounts falling due within one year
**Net current assets**
**Total assets less current liabilities**
**Net assets**
**Capital and reserves**|1,406
(1)|**2020**
**£**
1,405| |---|---|---| |||1,405| |||1,405| |||| |||1,405| ## **NOTES TO THE ACCOUNTS** ## **1 Statutory information** FIRST ACADEMY FOUNDATION is a private company, limited by shares, registered in England and Wales, registration number 08754050. The registered office is 62 - 64 CRANBROOK ROAD, IFLORD, IG1 4NH, UK. ## **2 Average number of employees** During the year the average number of employees was 8. For the year ending 31 October 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and FRS 105, The Financial Reporting Standard applicable to the Micro-entities Regime. Approved by the board on 4 February 2022 Kenadid OSMAN Director Company Registration No. 08754050 - 2 - ## **FIRST ACADEMY FOUNDATION DETAILED INCOME STATEMENT FOR THE YEAR ENDED 31 OCTOBER 2020** This schedule does not form part of the statutory accounts. |**Turnover**
Fees
Reimbursed expenses
**Other income**
Other operating income
Government grants
**Staff costs**
Wages and salaries
Directors' salaries
**Other**
Rent
Rates
Service charges
Internet
Stationery and printing
Courier services
Bank charges
Management fees
Other legal and professional
Commissions payable
**Profit on ordinary activities before taxation**|**2020**
**£**
12,351
(4,994)| |---|---| ||7,357| ||1
26,742| ||26,743| ||8,054
(1,072)| ||6,982| ||8,166
100
195
225
1,800
205
5
13,622
1,336
59| ||25,713| ||1,405| - 3 -