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|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|
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|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|
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|||||||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|
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|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|
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|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|
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|||||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|||||||||||
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|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|
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|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|
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