2023-03-31-accounts

THE SKINNERS'	ACADEMY FOUNDATION	ACADEMY FOUNDATION
CONTENTS			Page
Report ofthe Trustee			1-4
Independent examiner's		report tothe trustee
Statement offinancial		activities
Balance sheet
Notes to the financial	statements		8-14

inancial A	ctivities (and accompanying notes):
		2023	2022
			8
Resources	expended
Charitable	Activities	63,168	67,671
Other
		63,168	67,671
Incoming	resources
Voluntary	income - Donations	72,500	32,500
Investment	income - Dividends	39,739	37,903
	-Interest	2,233	156
		114,472	70559
Surplus for the year		51,304	2,888

Bankers	and	professional	advisers
Bankers				Royal Bank of Scotland PLC
				City Office
				62/63 Threadneedle		Street
				London
				EC2R SLA
Solicitors				Farrer &CoLLP
				66 Lincoln's Inn	Fields
				London
				WC2A 3LH
Independent		examiner		Cars 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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				2023		2022
			Notes			g
Fixed assets
Academy Land k, Building					1,833,334		1,833,334
Endowment	fund investments				816,107		943,574
Endowment	investments	-Academy			2,900,700		3,095,867
Restricted fund investments					16,112		17,166
					5,566,253		5,889,941
Current assets
Debtors			10	18,315		20,234
Cash at bank				551,639		509,543
				569,954		529,777
Liabilities
Amounts falling due within
one year			11	(11,051)		(12,508)
Net current	assets				558,903		517,269
Amounts falling due aAer more than one year					(28,752)		(35,532)
Net assets					6,096,404		6,371,678
FUNDS
Endowment	Funds General				2,649,615		2,777,082
Endowment	Funds Academy				2,902,224		3,097,391
Restricted funds Academy					504,627		508,411
Restricted Prize Funds					29,217		29,377
Unrestricted	Funds				10,721		(40,583)
			12		6,096,404		6,371,678

2	Voluntary income				2023	2022
					8
	Donation from Lawrence Atwell Charity				12,500	12,500
	Donation from Skinners Malmesbury			Foundation	40 000	20 000
					72 500	32,500
3	Investment income
					2023	2022
						8
	Dividends				129,680	141,874
	Interest				9,293	397
					133973	142 271
4	Expenditure Charitable activities				2023	2022
					8	8
	Grants to Academy				90,500	189,268
	Salaries, national insurance,		etc		55,211	53,433
	Independent Examination				1,724	1,620
	Office accommodation				6,900	8,820
	Insurance				669	608
	School Governors' meeting		and training	expenses, etc (note 6)	1,831	2,544
	Travel (note 6) Printing, postage and Bank charges	telephone			582 496 23	463 26
	Legal and professional Prize giving expenses	fees			3,825 1,105 162,866	5,525 3 000 265,307
	Governance costs included		in above:
	Salaries, national insurance,		etc		8,282	8,015
	Independent Examination				1,724	1,620
	Printing, postage and Bank charges	telephone			74 23	69 26
	Office accommodation				1,035	1,323
					11,138	11,053

Academy land and buildings
	2023	2022
	g
At 1 April 2022	1,833,334	1,833,334
Addition —Academy
Disposal - Academy At 31March 2023	1 833,334	1,833,334
Depreciation
At 1 April 2022
Charge for the period
Disposal
At 31March 2023
Net book value
At 31March 2023	1,833,334	1,833,334

			Undesignated	Undesignated	Restricted	Restricted	Endowment	Eadowment	Total funds
				Funds	Funds	Funds	Funds	Funds
						Academy	General	Academy
							g
Income from:
Donations and legacies				32,500					32,500
Investments				38,059	694	103,518			142,271
Total income and endowments				70,559	694	103,518			174,771
Expenditure on:
Raising funds				1,039					1,039
Charitable activities				66,632		198,675			265,307
Total resources expended				67,671		198,675			266,346
Unrealised gain on	investments				1,114		110,224	280,934	392,272
Net income/(expenditure)				2,888	1,808	(95,157)	110,224	280,934	300,697
Transfers between funds
Net movements in	funds			2,888	1,808	(95,157)	110,224	280,934	300,697
Balances brought	forward	at	1	(43,472)	27,569	603,569	2,666,858	2,816,457	6,070,981
April 2021
Balances carried	forward	at	31	(40,583)	29,377	508,411	2,777,082	3,097,391	6,371,678
March 2022

Investments and unrealised gains				2023	2022
Endowment Fund - General
Market Value at brought forward				943,574	833,350
Additions
Disposals
Unrealised (loss)/gain in portfolio				(127,467)	110,224
Market Value at 31 March 2023				816,107	943,574
Endowment Fund - Academy
Market value brought forward				3,095,867	2,815,779
Additions
Disposals
Unrealised (loss)/gain in portfolio				(195,167)	280,088
Market Value at 31March 2023				2,900,700	3,095,867
Restricted Fund
Market Value brought forward				17,166	16,052
Additions
Disposals Unrealised (loss)/gain in portfolio				(1,054)	1,114
Market Value at 31 March 2023				16,112	17,166
Total Market Value ofInvestments	at31March	2023		3,732,919	4,056,607
As at 31March 2023 the charity held	the following	material	investments:	Market	%of
				value	portfolio
Investment
COIF Charities Investment Fund Units				1,350,622	36.2
Schroder Charity Multi-Asset Fund Patrizia Hanover Property Unit Trust MAG Charifund Units				902,010 648,068 284,603	24.2 17.4 7.6
Charities Property Fund Units Properties Income Trust for Charities	Units			279,002 268,614	7.5 7.2
Debtors
				2023	2022
Prepayments Accrued income				355 17,960	406 19,828
				18318	20234

II	Liabilities
			2023	2022
	Independent	examination	1,650	1,630
	Other creditors		2,621	4,098
	Long term	loan due within one year	6,780	6,780
	Total creditors due in less than one year		11,051	12,508
	Long term	loan due after more than one year	28,752	35,532
			39,803	40,040

				Endowment	Endowment	Restricted
		Unrestricted	Restricted	fund	fund	fund
		fund	prize fund	general	Academy	Academy	Total
		f.		8			8
Academy land k buildings Investments			16,112	1,833,334 816,107	2,900,700		1,833,334 3,732,919
Net current assets less		10,721	13,105	174	1,524	504,627	530,151
long term Net assets	liabilities	10,721	29,217	2,649,615	2,902,224	504,627	6,096,404

				Endowment	Endowment	Restricted
		Unrestricted	Restricted	fund	fund	fund
		fund	prize fuad	general	Academy	Academy	Total
		8
Academy land & buildings Investments			17,166	1,833,334 943,574	3,095,867		1,833,334 4,056,607
Net current assets less		(40,583)	12,211	174	1,524	508,411	481,737
long term Net assets	liabilities	~40503	29377	2777082	3097,391	508411	6371678

Revaluation reserves
Included within the funds in note 12are revaluation	reserves with the following	values:
			2023	2022
Endowment fund —Quoted securities			227,893	355,360
Endowment fund Academy —Quoted securities Restricted fund - Quoted securities			900,100 12,883	1,095,267 13,937