|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
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al|CO| ## ## |||||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| ## ##