2021-03-31-accounts

CONTENTS			Page
Report ofthe	Trustee		1-4
Independent	examiner's	report to the trustee
Statement offinancial		activities
Balance sheet
Notes to the	financial statements		8-15

The undesignated funds a	The undesignated funds a	re the funds avai	re the funds avai	lable to the Trustee	lable to the Trustee	for the	general pu	rposes ofthe Charit	y.
The following summary		of movements		in the undesignated		funds	is drawn	&om the attached	Statement of
Financial Activities.								2021	2020
Ex enditure on:
Charitable Activities								37,998	45,172
Governance								12,327	11,854
								50,325	57,026
Income &om:
Voluntary income	—Donations							55,500	66,500
Investment income	-Dividends							10,558	13,469
	—Interest							32	160
								66,090	80,129
Surplus before transfers								15,765	23,103
Funds transferred to	designated		funds re	capitalised	assets
Surplus after transfers								15,765	23,103

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					2021		2020
			Notes
Fixed assets
School buildings			9		1,376,433		1,418,203
Endowment Fund investments			10		278,991		239,108
Restricted Fund investments			11		12,958		10,624
					1,668,382		1,667,935
Current assets
Debtors			12	788		3,107
Cash at bank and in	hand			71,117		59,710
				71,905		62,817
Liabilities
Amounts falling due one year	within		13	(11,127)		(13,591)
Net current assets					60,778		49,226
Amounts falling more than one year	due	after	13		(42,312)		(49,092)
Net assets					1,686,848		1,668,069
Funds			14
Endowment Fund					278,991		239,108
Restricted Fund —Prizes					14,974		11,745
Restricted Fund —SKA					16,767		15,095
Designated Fund —General					1,376,433		1,418,203
Undesignated Fund					(317)		(16,082)
					1,686,848		1,668,069

						2021	2020
	Donations	—Lawrence	Atwell's	Charity		25,000	25,000
	Donations	—Skinners	Malmesbury		Foundation	101,000	104,000
						126,000	129,000
3	Investment	income				2021	2020
	Dividends					11,453	14,226
	Interest					32	160
						11,485	14,386

Charitable activities
	Academy		Total
	K
Grants for depreciation of property Grants to Skinners Primary School	41,770	9	41,770 9
Salaries, national insurance, etc Office accommodation	39,862 6,780	50,138 9,690	90,000 16,470
Independent Examination fee Other professional fee Insurance	1,600 481	7,137 606	1,600 7,137 1,087
Governors' meeting expenses, etc (note 6)	255	235	490
Stafftravel (note 6) Bank Charges Clerking expenses Printing and other office costs Staffhospitality	7 18 674 293 355	15 674 324	22 18 1,348 617 355
Total resources expended	92,095	68,828	160,923

omparative figure	s for res	ources expended fory	ear ended 31March	2020
			Academy		Total
Grants for depreciation ofproperty			41,770		41,770
Grants to Skinners	Primary	School		1,469	1,469
Salaries, national	insurance,	etc	42,784	51,597	94,381
Office accommodation			6,900	8,490	15,390
Independent Examination fee			1,552		1,552
Other professional	fee			3,688	3,688
Insurance			574	521	1,095
Governors' meeting expenses, etc (note 6)			488	1,922	2,410
Stafftravel (note	6)		172	378	550
Bank Charges			49		49
Clerking expenses			957	836	1,793
Printing and other	office costs		518	382	900
Staffhospitality			3,032	32	3,064
			98,796	69,315	168,111

Governance cost included	in	above	2021	2020
Salaries, national insurance,		etc	9,000	9,438
Independent Examination	fee		1,600	1,552
Printing, postage and telephone			62	84
Bank charges			18	49
Office accommodation			1,647	1,539
			12,327	12,662

				Undesignated	Undesignated	Designated	Restricted	Restricted	Endowment	Total
					Funds	Fund	Fund	Fund	Fund
						General	SEA	Prizes
Income from:
Donations and legacies					66,500		62,500			129,000
Investments					13,629			757		14,386
Total income and endowments					80,129		62,500	757		143,386
Expenditure on:
Charitable activities					(57,026)	(41,770)	(69,315)			(168,111)
Net (loss)/gains on	investments							(2,893)	(49,325)	(52,218)
Net income/(expenditure)					23,103	(41,770)	(6,815)	(2,136)	(49,325)	(76,943)
Transfers between	funds
Net movements in	funds				23,103	(41,770)	(6,815)	(2,136)	(49,325)	(76,943)
Balances brought forward		at	1	April	(39,185)	1,459,973	21,910	13,881	288,433	1,745,012
2019
Balances carried	forward			at 31	(16,082)	1,418,203	15,095	11,745	239,108	1,668,069
March 2020

9	Academy buildings
		Note	2021	2020
	Cost	1.5
	At 1 April 2020		2,088,499	2,088,499
	Additions
	At 31March 2021		2,088,499	2,088,499
	Depreciation	1.5
	At 1 April 2020		670,296	628,526
	Charge for the period		41,770	41,770
	At 31March 2021		712,066	670,296
	Net book value
	At 31March 2021		1,376,433	1,418,203
	At 31March 2020		1,418,203	1,459,973

10	Investments	and unrealised gains	and unrealised gains	and unrealised gains
								2021	2020
	Endowment	Fund
	Market Value brought forward							239,108	288,433
	Additions
	Disposals Unrealised	gain/(loss) in portfolio						39883	49325
	Market Value at 31 March 2021							278,991	239,108
	Restricted	Fund
	Market Value brought forward							10,624	13,517
	Additions
	Disposals Unrealised	gain/(loss) in portfolio						2,334	2,893
	Market Value at 31March 2021							12,958	10,624
	Total Market Value ofInvestments				at31March	2021		291,949	249,732
	As at 31March 2021 the charity			held the following		material	investments:
								Market	%of
								value	portfolio
	Investment
	M&G Charibond Shares							68,466	23.45
	M&G Charifund Units							223,483	76.55
11	Restricted	fund: Movements	in year
									Total
							Income	Capital	2021
	Balance at	31March 2020					521	10,624	11,145
	Net movement on Income and		Expenditure				895		895
	Unrealised	gain on investments		for the year (note		10)		2,334	2,334
	Balance at	31March 2021					1,416	12,958	14,374

				Income	Capital	Total
	Balance at	31March 2019		364	13,517	13,881
	Net movement on Income and		Expenditure	157		157
	Unrealised	lossf on investments	for the year (note 10)		(2,893)	(2,893)
	Balance at	31March 2020		521	10,624	11,145
12	Debtors				2021	2020
	Prep ayments				788	890
	Accrued income					2,217
	Total				788	3,107
13	Liabilities
					2021	2020
	Independent	examination			1,600	1,560
	Other creditors				2,747	5,251
	Long term	loan due within one	year		6,780	6,780
	Total creditors due in less than		one year		11,127	13,591
	Long term	loan due after more	than one year		42,213	49,092

llocation	ofnet assets to	funds for year	ended 31M	arch 2021
		Unrestricted	Designated	Restricted	Restricted	Endowment	Total
		funds	fund	fund-	-SKA	fund
				prizesfund
				s
Fixed assets
Academy	buildings		1,376,433				1,376,433
Investments				12,958		278,991	291,949
Net current	assets less long term	(317)		1,416	16,767		17,866
liabilities
Net assets		(317)	1,376,433	14,374	16,767	278,991	1,686,248

	Unrestricted	Designated	Restricted	Restricted	Endowment	Total
	funds	fund	fund-	-SKA	fund
			prizesfund
Fixed assets Academy buildings Investments		1,418,203	10,624		239,108	1,418,203 249,732
Net current assets less long term	(16,082)		1,121	15,095		134
liabilities
Net (uabilities)/assets	(16,082)	1,418,203	11,745	15,095	239,108	1,668,069

		2021	2020
Quoted securities:
Restricted	Prize fund	6,948	4,614
Endowment	Fund	201,715	161,832
Total		208,663	166,446