Registered Charity Number: 286884
THE SKINNERS, SCHOOL DEVELOPMENT FUND
TRUSTEE'S REPORT AND ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2021

THE SKINY4ERS' SCHOOL DEVELOPMENT FUND
REPORT OF THE TRUSTEE
FOR THE YEAR ENDED 31 AUGUST 2021
Introduction
The Skinners, School Development Fund is registered as a charity under number 286884.
The address of the Trustee is Skinners, Hall, 8 Dowgate Hill. LA)ndon EC4R 2SP.
Constitution
The fund was established by a Trust Deed on 10 March 1983 to hold in trust gifts. devises
and b¢quests and to apply them to such charitable purw)ses connected with the Skinners,
School. Tunbridge Wclls, as the Trustee thinks fit. Grants arc made eithtr to the School
ilsclf, (The Skinners. School Academy Trus¢ which is a company limited by guarantee and
an cxcmpt ¢harity), or to its Endowment and Prize Funds, which are a separatc charity named
The Skinners, School Foundation (registered charity number: 307846).
Trustee
The Trustee is the Worshipful Company of SkIt￿ers. Each member of the Court of the
Trustee is selected with a view lo retaining a broad sp¢clruiD of expertise and receives an
induction into the responsibilities of trustccship and ongoing Iraining where required.
Committee
The Trust Deed empowers Ihc Trustee to appoint an Appeal Comrnittcc of not Ic5S than
twelve in number. It is envisaged that such a Committce will be appointed as and when
dccmed necessary.
Tbe Fund's Operations
Thc Devclopmcnt Fund has continued to support the general rcfurbishmcnt and maintenance
of thc school buildings.
Public Benefit
In setting the charity's obj¢¢tives. the trustee has given careful consideration to the Charity
Commission's general guidance on publÈc benefit. The trustee is satisfied that the charity's
activitics havc been for the public benefit.
Financial Review
The funds at the Trustee's disposal do not include any pernianent endowments.
As showfft in the attached accounis for the year cnded 31 August 2021, the receipts in the
period were £30,579 (2020- £103,319).
Grants of £102,510 (2020: £300,000} werc made to the School in respect of its Humanitics
Block project (Mitchcll Building). Total funds available at the period end werc £1,432
(2020: £73,424).
No investments are held. The trustee ¢onfinns thc assets, which are primarily cash, are
available and adequate to fulfil the Fund's obligations.
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THE SKtNNERS' SCHOOL DEVELOPMENf FUND
REPORT OF THE TRUSTEE
FOR THE YEAR ENDED 31 AUGUST 2021
(continued)
Reserves Policy
The Charity exists solely to support the School and all its funds are developed to Ihis purpose.
There is therefore no intention to hold reserves. From tirne to lime both rcstrictcd and
unrestricted funds may bc accumulated, bul this will be lo fund a major item of cxpcnditt]re
such as a new building.
Risk Management
The Trustec has sought to identify the major risks to which the Charity is cxposed and has
cstablished systcms to ensurc that these risks are reviewed and are rninimis¢d as far as
possible.
Responsibility of Trustee
Thc law applicable to charities in England and Walcs requires the Trustee to prepare financial
Stat￿￿entS for cach financial period which give a true and fair view of the state of affairs of
thc charity and of the incoming resources and application of resources of the ch3rity for that
period. In preparing those financial statements, the Trustee is required to=
select suitable accounting policies and thcn apply ihem consistenily;
make judgcments and estimates that are reasonable and prudent;
prepare Ihc financial statements on the going concern basis unless it is inappropriate to
presuine that the charity will continue to operate.
The Trustcc is rcsponsiblc for keeping proper accounting records which disclose with
rcasonable accuracy al any timc ihe financial position of the charity and io cnable thcm to
ensurc that the financial statements comply with the Charities Act 2011. the Charity
(Accounts and Reports) Regulations 2008 and the provisions of the Trust Dccd. Thc Trusiee
is also rcsponsible for safcguarding thc assets of the charity and hence for taking reasonable
steps for the prevention and dctcction of fraud and other irregularities.
The financial slaleinents are prepared on a receipts and payments basis.
Page 2

THE SKINIYERS, SCHOOL DEVELOPMENT FUND
REPORT OF THE TRUSTEE
FOR THE YEAR ENDED 31 AUGUST 2021
Bankers and Professional Advisers
Bankers
CAF Bank Lirnitcd
25 KiThgs Hill Avenue
Kings Hill
West Malling
ent, ME19 4JQ
Solicitors
Thomson. Snell & Passmore
3 Lonsdale Gardcns
Tunbridge Wells
Kent TNI INX
Independent Examiner
David John Walsh FCCA
Baxter & Co
Lynwood House
24 Crofton Road
Orpington
Kent BR6 8QE
Insuranee Advisers
Department for Education
Risk Protection Arrangement (RPA) Membership
Approved on behalf of the Worshipful Company of Skinncrs as Trustee on .
and signed on its bchalf by..
Clcr
Page 3

THE SKINNERS, SCHOOL DEVELOPMENT FUND
INDEPEF4DENT EXAMINER'S REPORT TO THE TRUSTEE OF
THE SKINNERS, SCHOOL DEVELOPMENT FUND
rcport to thc Trustee on iny examination of the accounts of The Skinners. School
Devclopment Fund {cb&rity number 286884) for the ycar endcd 31 August 2021 which arc set
out on pages 5 to 7.
Responsibilities of Trustee5 and Examiner
Thc charity's trustees are rcsponsible for Ihc prcparation of the accounts in accordance with
the requirements of the Charities Act 2011 ('kne Act").
The charity's trusfres consider that an audit is not required for this year under sertion 144 of
the Act and that an independcnt examination is nccded.
It is my responsibility lo..
cxamine the accounts under section 145 of the Charities Act,
to follow the applicable Directions given by the Charity Commission (under sectiot)
145{5}{b) of thc Act, and
lo slate whethcr particular marters havc come to my attention
Basis ofIndependent Ex8miner's Ststement
My examination was carried out in accordance with general Directions given by the Charity
Commission. An exainination includes a review of the accounting rccords kept by the charity
and a comparison of the accounts presented with those rccords. It also includes consideration
of any unusual items or disclosures in the accounts, and seeking explanations froin the
Irustees conccming any such matters. The procedures undertaken do not provide all the
cvidcnce that would be required in an audit, and consequently no opinion is given as to
whether the accounts present a 'ttue 8nd fair, view and the report is limited to those matters
set out in the statemcnt below.
Independent examiner's statement
In ¢onnecÉion with my examination. no material matters have come to my attention which
gives me cause to believe that in, any material respect..
accounting records were not kept in aecordan¢e with scction 130 of the Charities
Act or
2. the accounts do not a¢cord with the accounting records
I have no conccrns and have comc across no other mattcrs in connection with the
examination to which atteniion should bc drawn in ordcr to enable a proper understanding of
thc arcounts to be reached.
David John Walsh FCCA (Senior Statutory Auditorl
For and on behalf of Baxt8r & Co
Chartered Certified Aecountants
Lynwood House
Crofton Road
OrpitvJton Kent BR6 8QE
Page 4
27 May 2022

THE SKINNERS, SCHOOL DEVELOPMEN[ FUND
RECEIPTS AP4D PAYMENTS ACCOUNT
FOR THE YEAR ENDED 31 AUGUST 2021
Restricted Unrestricted Total
Funds
Funds
Funds
Total
Funds
2020
Notes
Receipts
Income from gencraled funds
Donations
Bank Interest
30,575
30,575
103,047
272
TotAI Receipts
£30,579
£30,579
£103,319
Payments
Grants
Other
102.510
19
102,510
19
300,000
964
Total payments
£102,529
£102,529
£300,964
(Deficit) of receipts over
pa}'ments
Bank balances brought forward
Transfer between funds
(71,950)
66,476
5.474
(71,950)
74,084
{197,645)
271.729
7.608
(5,474)
Bank balances carried forwArd
£2.134
£2,134
£74,084
STATEMENT OF ASSETS AND LIABILITIES AS AT 31 AUGUST 2021
2021
2020
Assets
Cash at Bank
2.134
74,084
Liabilities
Oth¢r Crcditors
702
660
Net Assets
£1.432
£73,424
Ap
ovcd on bchalf of the Worshipful Company of Skinner5 as Trustee on . J.u..IL.I.l..and
on its behalf by..
Clerk
Page 5

THE SKINNERS, SCHOOL DEVELOPMENT FUND
LYOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2021
Principal accounting policies
l. l Basis of preparation of accounts
The financial statCiT]ents have been prepared on a receipts and payments basis.
1.2 Value Added Tax
V A T on cxpcnditure incurred by thc charity is irrecoverablc. Expenditure is thcrefore
statcd in the financial statements inclusive of VA T, where applicablc.
Donations
2021
2020
New Building Appeal
£30,575
£218,877
The figures shown include tax recoverable on donation5 under Gift Aid or by Dced of
Covenant.
Grants paid
2021
2020
Donations to the School-.
Mitchell Building {formerly New Humanities Building)
102,510
300.000
£102.510
£300.000
Page 6

THE SKiNNERS' SCHOOL DEVELOPMENf FUND
NOTES TO THE Accouf4TS
FOR THE YEAR ENDED 31 AUGUST 2021
(continued)
Other Costs
2021
2020
Bank charges
Just Giving Subscription Fee
Skinners, Company- Fund raising Gala
19
34
930
£19
£964
Taxation
Thc Fund is a rcgistered charity and it5 income is not liable to direct taxation a5 il is
applied wholly for charitable purposes.
Page 7