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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 to the financial||statements||8 - 14|
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|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|
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|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|
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|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|
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|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|
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||||||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|||||||||||
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|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|
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|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|
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|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|
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|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|
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