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 - 14

Financial A		ctivities (and accompanying notes):
			2022	2021
Resources		expended
Charitable		Activities	67,671	72,252
Other
			67,671	72,252
Incoming	resources
Voluntary	income - Donations		32,500	50,500
Investment		income - Dividends	37,903	33,836
		- Interest	156	213
			70,559	84,549
Surplus for		the year	2,888	12,297

Bankers	and	professional	advisers
Bankers				Royal Bank ofScotland PLC
				City Office
				62/63 Threadneedle		Street
				London
				EC2R 8LA
Solicitors				Farrer4CoLLP
				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

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				2022		2021
			Notes
Fixed assets
Academy Land &Building					1,833,334		1,833,334
Endowment	fund investments				943,574		833,350
Endowment	investments	—Academy			3,095,867		2,815,779
Restricted fund investments					17,166		16,052
					5,889,941		5,498,515
Current assets
Debtors			10	20,234		21,759
Cash at bank				509,543		603,050
				529,777		624,809
Liabilities
Amounts falling due within
one year				(12,508)		(10,031)
Net current	assets				517,269		614,778
Amounts falling due after more than one year					(35,532)		(42,312)
Net assets					6,371,678		6,070,981
FUNDS
Endowment	Funds General				2,777,082		2,666,858
Endowment	Funds Academy				3,097,391		2,816,457
Restricted funds Academy					508,411		603,569
Restricted Prize Funds					29,377		27,569
Unrestricted	Funds				(40,583)		(43,472)
			12		6,371,678		6,070,981

2	Voluntary income
						2022	2021
	Donation from Lawrence			Atwell Charity		12,500	12,500
	Donation &om Skinners		Malmesbury		Foundation	20,000	38,000
						32,500	50,500
3	Investment income
						2022	2021
	Dividends					141,874	141,486
	Interest					397	420
						142,271	141,906
4	Expenditure
	Charitable activities					2022	2021
	Grants to Academy					189,268
	Salaries, national insurance,			etc		53,433	63,749
	Independent Examination					1,620	1,600
	Office accommodation					8,820	8,700
	Insurance					608	590
	School Governors' meeting			and training	expenses, etc (note 6)	2,544	5,671
	Travel (note 6)						56
	Printing, postage and	telephone				463	526
	Bank charges					26	33
	Legal and professional	fees				5,525
	Prize giving expenses					3,000
						265,307	80,925
	Governance costs included			in above:
	Salaries, national insurance,			etc		8,015	9,562
	Independent Examination					1,620	1,600
	Printing, postage and	telephone				69	79
	Bank charges					26	33
	Office accommodation					1,323	1,305
						11,053	12,579

Academy land and buildings
	2022	2021
At 1 April 2021	1,833,334	1,833,334
Addition —Academy
Disposal - Academy
At 31 March 2022	1,833,334	1,833,334
Depreciation
At 1 April 2021
Charge for the period
Disposal
At 31 March 2022
Net book value
At 31 March 2022	1,833,334	1,833,334

					Undesignated	Restricted	Restricted	Endowment	Endowment	Total funds
					Funds	Funds	Funds	Funds	Funds
							Academy	General	Academy
Income from:
Donations and	legacies				50,500					50,500
Investments					34,049	694	107,163			141,906
Total income and endowments					84,549	694	107,163			192,406
Expenditure on:
Raising funds					2,273					2,273
Charitable activities					69,979		10,946			80,925
Total resources	expended				72,252		10,946			83,198
Unrealised gain	on	investments				2,931		20,808	337,531	361,270
Net income					12,297	3,625	96,217	20,808	337,531	470,478
Transfers between funds
Net movements	in	funds			12,297	3,625	96,217	20,808	337,531	470,478
Balances brought		forward	at	1	(55,769)	23,944	507,352	2,646,050	2,478,926	5,600,503
April 2020
Balances carried		forward	at	31	(43,472)	27,569	603,569	2,666,858	2,816,457	6,070,981
March 2021

9	Investments and	unrealised gains	unrealised gains
							2022	2021
	Endowment Fund - General
	Market Value at	brought forward					833,350	812,542
	Additions
	Disposals
	Unrealised gain	in portfolio					110,224	20,808
	Market Value at	31 March 2022					943,574	833,350
	Endowment Fund - Academy
	Market value brought forward						2,815,779	2,480,329
	Additions
	Disposals
	Unrealised gain	in portfolio					280,088	335,450
	Market Value at	31March 2022					3,095,867	2,815,779
	Restricted Fund
	Market Value brought forward						16,052	13,121
	Additions
	Dispo sais
	Unrealised gain in portfolio						1,114	2,931
	Market Value at	31March 2022					17,166	16,052
	Total Market Value ofInvestments			at31March	2022		4,056,607	3,665,181
	As at 31March	2022 the charity held		the following	material	investments
							Market	%of
							value	portfolio
	Investment
	COIF Charities	Investment Fund Units					1,403,222	34.6
	Schroder Charity Multi-Asset		Fund				947,670	23.4
	Patrizia Hanover Property Unit Trust						744,975	18.4
	Properties Income Trust for Charities			Units			303,855	7.5
	Charities Property Fund Units						334,636	8.2
	M&G Charifund	Units					322,249	7.9
10	Debtors
							2022	2021
	Prepayments						406	391
	Accrued income						19,828	21,368
							20,234	21,759

Liabilities
		2022	2021
Independent	examination	1,630	1,600
Other creditors		4,098	1,651
Long term	loan due within one year	6,780	6,780
Total creditors due in less than one year		12,508	10,031
Long term	loan due after more than one year	35,532	42,312
		48,040	52,343

			Endowment	Endowment	Restricted
	Unrestricted	Restricted	fund	fund	fund
	fund	prize fund	general	Academy	Academy	Total
Academy land &
buildings			1,833,334			1,833,334
Investments		17,166	943,574	3,095,867		4,056,607
Net current assets less	(40,583)	12,211	174	1,524	508,411	481,737
long term liabilities
Net assets	40,583)	29,377	2,777,082	3,097,391	508,411	6,371,678

omparati	ve figures	for allocation	ofnet assets	to funds for y	ear ended 31	March 2021
				Endowment	Endowment	Restricted
		Unrestricted	Restricted	fund	fund	fund
		fund	prize fund	general	Academy	Academy	Total
Academy	land &
buildings				1,833,334			1,833,334
Investments			16,052	833,350	2,815,779		3,665,181
Net current assets less		(43,472)	11,517	174	678	603,569	572,466
long term	liabilities
Net assets		43,472	27,569	2,666,858	2,816,457	603,569	6,070,981

Revaluation reserves	Revaluation reserves
Included within the funds in note 12 are revaluation		reserves with the following values:
			2022	2021
Endowment	fund —Quoted securities		355,360	245,136
Endowment	fund Academy —Quoted securities		1,095,267	814,333
Restricted	fund - Quoted securities		13,937	12,823