2023-03-31-accounts

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

Financial A	ctivifle	s.
						2023	2022
						f.
~86h0
Charitable	Activities					54,914	48,159
Governance						15,182	13,762
						70,096	61,921
Income from:
Voluntary	income		-Donations			67,500	57,500
Investment	income		-Dividends			13,353	11,985
			-Interest			196	5
						81049	69490
Surplus before transfers						10,953	7,569
Funds transferred		to	designated	funds re capitalised	assets
Surplus aft	er trans	fer	s			10,953	7,569

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					2023		2022
			Notes
Fixed assets
School buildings Endowment Fund investments			9 10		1,292,893 272,854		1334663 291,356
Restricted Fund investments			10		12,984		13,836
					1,578,731		1,639,855
Current assets
Debtors			12	651		623
Cash at bank and in	hand			69,087		72,262
				69,738		72,885
Liabilities
Amounts falling due	within			(11,444)		(10,379)
one year Net current assets					58,294		62,506
Amounts falling more than one year	due	after	13		(28,752)		(35,532)
Net assets					1,608,273		1,666,829
Funds			14
Endowment Fund					272,854		291,356
Restricted Fund —Prizes					16,491		16,553
Restricted Fund —SKA					7,830		17,005
Designated Fund —General Undesignated Fund					1,292,893 18,205		1,334,663 7,252
					1,608,273		1,666,829

Resources expended for ye	ar ended 31March	2023
Charitable activities		Academy		Total
				8
Grants for depreciation ofproperty		41,770		41,770
Grants to Skinners Primary	School		3,136	3,136
Salaries, national insurance,	etc	52,485	66,850	119,335
Office accommodation		6,060	7,710	13,770
Independent Examination fee		1,724		1,724
Other professional fee		2,826	2,644	5,470
Insurance		747	532	1,279
Governors' meeting expenses, etc (note 6)		2,368	1,476	3,844
Governors, training		516	516	1,032
Staffnavel (note 6) Bank Charges		546 13	584	1,130 13
Prizegiving expenses School improvement project		2,000	1,690 1,000	3,690 1,000
Printing and other office costs		811	537	1,348
Total resources expended		111,866	86,675	198,541
Comparative figures for resources expended for		year ended 31March	2022
		Academy	SKA	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) Bank Charges		293 13	389	682 13
Clerking expenses Printing and other office costs		563 450	510 411	1,073 861
		103,691	75,262	178,953
Governance cost included in	above		2023	2022
Salaries, national insurance,	etc		11,934	10,462
Independent Examination fee			1,724	1,620
Printing, postage and telephone			135	86
Bank charges			13	13
Office accommodation			1 377	1,581
			15,182	13,762

					Undesignated	Designated	Restricted	Restricted	Restricted	Restricted	Endowment	Total
					Funds	Fund	Fuad		Fund		Fund
						General	SKA		Prizes
Income from:
Donations and legacies					57,500		75,500					133,000
Investments					11,990					701		12,691
Total income and endowments					69,490		75,500			701		145,691
Expenditure on:
Charitable activities					(61,921)	(41,770)	(75,262)					(178,953)
Net gains on investments										878	12,365	13,243
Net income/(expenditure)					7,569	(41,770)		238	1,579		12,365	(20,019)
Transfers between funds
Net movements in	funds				7,569	(41,770)		238	1,579		12,365	(20,019)
Balances brought forward		at	1	April	(317)	1,376,433	16,767		14,974		278,991	1,686,848
2021
Balances carried	forward			at 31
March 2022					7 252	1 334663	17	685	16	553	291356	1666829

9	Academy buildings	Note	2023	2022
	Cost	1.5
	At 1 April 2022		2,088,499	2,088,499
	Additions
	At 31March 2023		2,088,499	2,088,499
	Depreciation At 1 April 2022 Charge for the period	1.5	753,836 41,770	712,066 41,770
	At 31March 2023		795,606	753,836
	Net book value
	At 31March 2023		1,292,893	1,334,663
	At 31March 2022		1,334,663	1,376,433

10	Investments and unrealised	gains
					2023	2022
	Endowment Fund
	Market Value brought forward				291,356	278,991
	Additions
	Disposals Unrealised (loss)/gain in portfolio				~18502	12,365
	Market Value at31March 2023				272,854	291,356
	Restricted Fund
	Market Value brought forward				13,836	12,958
	Additions
	Disposals Unrealised (loss)/gain in portfolio				~852	878
	Market Value at 31March 2023				12,984	13,836
	Total Market Value of Investments		at 31March 2023		285,838	305,192
	As at 31 March 2023 the charity held the following material			investments:
					Market	%of
					value	portfolio
	Investment
	M&G Charibond Shares				60,723	21.2
	M&G Charifund Units				225,115	78.8
11	Restricted fund: Movements	in year				Total
				Income	Capital	2023
						8
	Balance at 31March 2022			2,717	13,836	16,553
	Net movement on Income and	Expenditure		790		790
	Unrealised loss on investments	for the	year (note 10)		(852)	(852)
	Balance at 31March 2023			3,507	12,984	16,491

	Comparative	figures for Restricted fund: Movements	figures for Restricted fund: Movements	figures for Restricted fund: Movements	in year for year ended 31 March 2022	in year for year ended 31 March 2022
					Income	Capital	Total
	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
12	Debtors					2023	2022
	Prepayments					651	623
	Accrued income
	Total					651	623
13	Liabilities					2023	2022
	Independent examination Other creditors					1,650 3,014	1,620 1,979
	Long term	loan	due within one	year		6,780	6,780
	Total creditors		due in less than	one year		11,444	10,379
	Long term	loan	due atter more	than one year		28,752	35,532

		Unrestricted	Designated	Restricted	Restricted	Endowment	Total
		funds	fund	fund-	-SKA	fund
				prizesfund
				8
Fixed assets Academy buildings Investments			1,292,893	12,984		272,854	1,292,893 285,838
Net cunent	assets less Iong term	18,205		3,507	7,830		29,542
liabilities
Nct assets		18,205	1,292,893	16,491	7,830	272,854	1,608,273

	Unrestricted	Designated	Restricted	Restricted	Endowment	Tomt
	funds	fund	fund-	-SKA	fund
			priresfund
Fixed assets
Academy buildings Investments		1,334,663	13,836		291,356	1,334,663 305,192
Net current assets less long term	7,252		2,717	17,005		26,974
liabilities
Net piabilities)/assets	7,252	1,334,663	16,553	17,005	291,356	1,666,829

		2023	2022
Quoted securities:
Restricted	Prize fund	6,974	7,826
Endowment	Fund	195,578	214,080
Total		202,552	221,906