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