2022-03-31-accounts

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

Financial Activitie	s.
					2022	2021
Ex enditure on:
Charitable Activities					48,159	37,998
Governance					13,762	12,327
					61,921	50,325
Income from:
Voluntary income		- Donations			57,500	55,500
Investment income		-Dividends			11,985	10,558
		-Interest			5	32
					69,490	66,090
Surplus before transfers					7,569	15,765
Funds transferred	to	designated	funds re capitalised	assets
Surplus after transfers					7,569	15,765

Bankers
			Royal Bank ofScotland PLC
			City Office
			62/63 Threadneedle		Street
			London
			EC2R 8LA
Solicitors			Farrer &CoLLP
			66Lincoln's Inn	Fields
			London
			WC2A 3LH
Independent		examiner	Cara Turtington	FCA DChA
			Saffery Champness		LLP
			71Queen Victoria		St
			London
			EC4V4BE
Insurance	Advisers		Marsh Brokers Limited
			Education Practice
			Capital House
			1-5Perrymount	Road
			Haywards Heath
			West Sussex
			RH16 3DY

	O O O	V) 00							CD	00 00
	LQ								00	V) 00
									00
	O						O		00	00
		CV					CD	O	00
		O	O
	O		O
			CD							CDO
	lA
					O		CD	CD
					C
	O O	O	O Ch
	lA
									CV
									ccl
									cd	Cd
	O Ml		g			O	'6	O	~O	O
~ ~ ~5. Q O 4'	~ g cd M 0 cd g OQ	M g u P ch o	C cd P O o cd0	O Q O ccl OB Q		c0 0 cd 0G	C4	O8 z	00 0 VO cd CQ	Cd

						2022		2021
				Notes
Fixed assets
School buildings				9		1,334,663		1,376,433
Endowment Fund investments				10		291,356		278,991
Restricted	Fund investments			10		13,836		12,958
						1,639,855		1,668,382
Current	assets
Debtors				12	623		788
Cash at bank and in hand					72,262		71,117
					72,885		71,905
Liabilities
Amounts one year	falling due within			13	(10,379)		(11,127)
Net current assets						62,506		60,778
Amounts more than	falling one year	due	after	13		(35,532)		(42,312)
Net assets						1,666,829		1,686,848
Funds				14
Endowment Fund						291,356		278,991
Restricted	Fund —Prizes					16,553		14,974
Restricted	Fund —SKA					17,005		16,767
Designated	Fund —General					1,334,663		1,376,433
Undesignated Fund						7,252		(317)
						1,666,829		1,686,848

4	Resources expended for	year ended 31March 2022	year ended 31March 2022
	Charitable activities			Academy		Total
	Grants for depreciation ofproperty			41,770		41,770
	Grants to Skinners Primary		School		1,287	1,287
	Salaries, national insurance,		etc	45,972	58,647	104,619
	Office accommodation			6,900	8,910	15,810
	Independent Examination	fee		1,620		1,620
	Other professional fee			3,302	2,718	6,020
	Insurance			622	483	1,105
	Governors' meeting expenses, etc (note 6)			827	191	1,018
	Governors, training			1,359	1,716	3,075
	Stafftravel (note 6)			293	389	682
	Bank Charges			13		13
	Clerking expenses			563	510	1,073
	Printing and other office costs			450	411	861
	Total resources expended			103,691	75,262	178,953
	Comparative figures for resources expended for year			ended 31March	2021
				Academy		Total
	Grants for depreciation ofproperty			41,770		41,770
	Grants to Skinners Primary		School		9	9
	Salaries, national insurance,		etc	39,862	50,138	90,000
	Office accommodation			6,780	9,690	16,470
	Independent Examination	fee		1,600		1,600
	Other professional fee				7,137	7,137
	Insurance			481	606	1,087
	Governors' meeting expenses, etc (note 6)			255	235	490
	Staff travel (note 6)			7	15	22
	Bank Charges			18		18
	Clerking expenses			674	674	1,348
	Printing and other office costs			293	324	617
	Staff hospitality			355		355
				92,095	68,828	160,923
	Governance cost included	in	above		2022	2021
	Salaries, national insurance,		etc		10,462	9,000
	Independent Examination	fee			1,620	1,600
	Printing, postage and telephone				86	62
	Bank charges				13	18
	Office accommodation				1,581	1,647
					13,762	12,327

					Undesignated	Designated	Restricted	Restricted	Endowment	Total
					Funds	Fund	Fund	Fund	Fund
						General	SKA	Prizes
Income from:
Donations and legacies					55,500		70,500			126,000
Investments					10,590			895		11,485
Total income and endowments					66,090		70,500	895		137,485
Expenditure on:
Charitable activities					(50,325)	(41,770)	(68,828)			(160,923)
Net gains on investments								2,334	39,883	42,217
Net income/(expenditure)					15,765	(41,770)	1,672	3,229	39,883	18,779
Transfers between funds
Net movements in	funds				15,765	(41,770)	1,672	3,229	39,883	18,779
Balances brought forward		at	1	April	(16,082)	1,418,203	15,095	11,745	239,108	1,668,069
2020
Balances carried	forward			at 31	(317)	1,376,433	16,767	14,974	278,991	1,686,848
March 2021

Academy buildings
	Note	2022	2021
Cost	1.5
At 1 April 2021		2,088,499	2,088,499
Additions
At 31 March 2022		2,088,499	2,088,499
Depreciation	1.5
At 1 April 2021		712,066	670„296
Charge for the period		41,770	41,770
At 31March 2022		753,836	712,066
Net book value
At 31 March 2022		1,334,663	1,376,433
At 31March 2021		1,376,433	1,418,203

10	Investments and unrealised	gains	gains	gains
								2022	2021
	Endowment Fund
	Market Value brought forward							278,991	239,108
	Additions
	Disposals
	Unrealised gain in portfolio							12,365	39,883
	Market Value at 31March 2022							291,356	278,991
	Restricted Fund
	Market Value brought forward							12,958	10,624
	Additions
	Dispo sais
	Unrealised gain in portfolio							878	2,334
	Market Value at 31 March 2022							13,836	12,958
	Total Market Value ofInvestments				at31March	2022		305,192	291,949
	As at 31March 2022 the charity			held the following		material	investments:
								Market	%of
								value	portfolio
	Investment
	M&G Charibond Shares							65,423	21.4
	M&G Charifund Units							239,769	78.6
11	Restricted fund: Movements		in year
									Total
							Income	Capital	2022
	Balance at 31March 2021						2,016	12,958	14,974
	Net movement on Income and		Expenditure				701		701
	Unrealised gain on investments			for the	year (note 10)			878	878
	Balance at 31March 2022						2,717	13,836	16,553

Allocation	ofnet assets to	funds for year	ended 31M	arch 2022
		Unrestricted	Designated	Restricted	Restricted	Endowment	Total
		funds	fund	fund-	-SKA	fund
				prizesfund
Fixed assets
Academy buildings investments			1,334,663	13,836		291,356	1,334,663 305.192
Net current liabilities	assets less long term	7,252		2,717	17,005		26.974
Net assets		7,252	1,334,663	16,553	17,005	291,356	1.666,829

		Unrestricted	Designated	Restricted	Restricted	Endowment	Total
		funds	fund	fund-	-SKA	fund
				prizesfund
Fixed assets
Academy	buildings		1,376,433				1,376,433
investments				12,958		278,991	291,949
Net current	assets less long term	(317)		2,016	16,767		18,466
liabilities
Net (liabilities)/assets		(317)	1,376,433	14,974	16,767	278,991	1,686,848

		2022	2021
Quoted securities:
Restricted	Prize fund	7,826	6,948
Endowment	Fund	214,080	201,715
Total		221,906	208,663