FRIENDS OF FOLKESTONE ACADEMY LTD
Financial health, per its FY2022 accounts
The accounts state that the charity holds unrestricted reserves of £2,907,000 against a total fund value of £4,050,000, with no specific monetary reserves policy target set. The trustees confirm that resources are sufficient for current purposes and that there is no material uncertainty regarding the entity's ability to continue as a going concern.
What the accounts disclose
“The policy of the trustees is to maintain a growing level of reserves which underpins the long term grant-making strategy of the charity. At this stage, no specific monetary target has been set.” — page 4
“Grants of F9,000 (2021: 6124,000) were made to the Folkestone Academy in the year. Two of the trustees of the charity (M Pearce and T Luke MBE) are governors of Folkestone Academy.” — page 20
“The charity has a wholly owned subsidiary, FFMA Trading Limited t/a "The Marlowe Innovation Centre".” — page 4
Trustees
- Sir Roger De Haanchair
- Am'e Leigh Moris
- GRAHAM BADMAN CBE
- Louisa Hope Coppins
- MICHAEL PEARCE
- Tracy Luke MBE DL
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/01/2025 | £229k | £53k |
| 31/01/2024 | £205k | £275k |
| 31/01/2023 | £218k | £191k |
| 31/01/2022 | £219k | £40k |
| 31/01/2021 | £196k | £159k |
Common questions
Is FRIENDS OF FOLKESTONE ACADEMY LTD financially healthy?
The accounts state that the charity holds unrestricted reserves of £2,907,000 against a total fund value of £4,050,000, with no specific monetary reserves policy target set. The trustees confirm that resources are sufficient for current purposes and that there is no material uncertainty regarding the entity's ability to continue as a going concern. Its FY2022 accounts were audited by MHA Macintyre Hudson.