FRIENDS OF FOLKESTONE ACADEMY LTD
The charity's principal activity is to advance for the public benefit, education in the United Kingdom, in particular, supporting the aims and objectives of Folkestone Academy.
Financial health, per its FY2025 accounts
The accounts state that the charity holds unrestricted reserves of £3,364,000, which the trustees consider sufficient for current purposes. The entity reported a net income of £553,000 for the year, driven by investment gains and income from its trading subsidiary. The trustees confirmed there is no material uncertainty regarding the charity's ability to continue as a going concern.
What the accounts disclose
“The charity received rent of £75,000 (2024: £75,000) in respect of a lease to its subsidiary for its premises located at the Marlowe Innovation Centre.” — page 17
“Additionally, the charity received a donation of £66,000 (2024: £48,000) from its subsidiary.”
“The charity received rent of £75,000 (2024: £75,000) in respect of a lease to its subsidiary for its premises located at the Marlowe Innovation Centre.” — page 17
“Additionally, the charity received a donation of £66,000 (2024: £48,000) from its subsidiary.”
“The charity received rent of £75,000 (2024: £75,000) in respect of a lease to its subsidiary for its premises located at the Marlowe Innovation Centre.” — page 17
“Additionally, the charity received a donation of £66,000 (2024: £48,000) from its subsidiary.”
“The charity has a wholly owned subsidiary, FFMA (Trading) Limited t/a “The Marlowe Innovation Centre”.” — page 4
Property (HM Land Registry)
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?
Per its FY2025 accounts: The accounts state that the charity holds unrestricted reserves of £3,364,000, which the trustees consider sufficient for current purposes. The entity reported a net income of £553,000 for the year, driven by investment gains and income from its trading subsidiary. The trustees confirmed there is no material uncertainty regarding the charity's ability to continue as a going concern. Its FY2025 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE APAX FOUNDATION | 1 | £45k |
Charities like this
- FOLKESTONE MUNICIPAL CHARITY
- THE FRIENDS OF QUEEN ELIZABETH'S SCHOOL
- FELSTED SCHOOL
- FOLKESTONE PARKS AND PLEASURE GROUNDS CHARITY
- THE UK FRIENDS OF THE UNIVERSITY OF AUCKLAND
- SEVENOAKS SCHOOL FOUNDATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| FRIENDS OF FOLKESTONE ACADEMY LTD | £229k | — | 0 | unclear | — | no doubt |
| FOLKESTONE MUNICIPAL CHARITY | £157k | — | 0 | unclear | — | no doubt |
| THE FRIENDS OF QUEEN ELIZABETH'S SCHOOL | £2.2m | — | 0 | above | — | no doubt |
| FELSTED SCHOOL | £31.6m | — | 0 | unclear | — | no doubt |
| FOLKESTONE PARKS AND PLEASURE GROUNDS CHARITY | £1.3m | — | 0 | unclear | — | no doubt |
| THE UK FRIENDS OF THE UNIVERSITY OF AUCKLAND | £136k | — | 0 | below | — | no doubt |