2022-12-31-accounts - Sceptre Education

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Reference and Administrative Details	Reference and Administrative Details
Trustees' Report			2to 6
Independent Auditors'	Report		Zto 10
Consolidated Statement ofFinancial		Activities	11 to 12
Consolidated Balance	Sheet		13
Balance Sheet			14
Consolidated Statement	ofCash Flows		15
Notes to the Financial	Statements		16to 28

						Unrestricted	Total
						fullds	2022
					Note
Income and Endowments		from:
Donations and legacies						1,183,400	1,183,400
Charitable activities						3,333	3,333
Investment income						3	3
Other income						3,061,184	3,061,184
Total income						4,247,920	4,247,920
Expenditure on:
Raising funds Charitable activities						(2,840,824) (358,590)	(2,840,824) ~(358,590
Total expenditure						(3,199,414)	~3,)99,414)
Net income						1,048,506	1,048,506
Net movement in funds						1,048,506	1,048,506
Reconciliation offunds
Total funds brought	forward					1,412,834	1,412,834
Total funds carried	forward				17	2,461,340	2,461,340
				Unrestricted		Restricted	Total
				funds		funds	2021
			Note
Income and Endowments		from:
Donations and legacies				1,203			1,203
Charitable activities				1,185			1,185
Investment income					11		11
Other income				3,047,424			3,047„424
Total income				3,049,&23			3,049,823
Expenditure on."
Raising funds Charitable activities			6 2	(2,738,978) ~290,550			(2,738,978) (290,550)
Total expenditure				~3,029,528)			~3,029,528)
Net income Transfers between funds				20,295		(135,092)	20,295 ~(35,092)

		R	ecognised Gains	and Losses)
				Unrestricted	Restricted	Total
				funds	funds	2021
			Note
Net movement	in funds			20,295	(135,092)	(114,797)
Reconciliation	offunds
Total funds brought		forward		1,392,539	135,092	1,527,631
Total funds carried		forward		1,412,834		1,412,834

			Consolidated Balance Sheet as a	t 31Decem	ber 2022
					2022	2021
				Note
Fixed assets
Tangible assets				12	1,196,130	1,239,069
Current assets
Stocks				14	234,257	228,946
Debtors				15	258,642	196,255
Cash at bank	and in	hand			1,344,974	386,527
					1,837,873	811,728
Creditors: Amounts		falling due within one year			~441,621	~690,667
Net current	assets				1,396,252	221,161
Total assets	less current		liabilities		2,592,382	1,460,230
Creditors: Amounts		falling due after more than one year			(131,042)	(44,980)
Provisions						(2,416)
Net assets					2,461,340	1,412,834
Funds ofthe	group:
Unrestricted	income	funds
Unrestricted	funds				2,461,340	1,412,834
Total funds					2,461,340	1,412,834

				2022	2021
			Note
Fixed assets
Tangible assets			12	1,062,473	1,102,273
Investments				2	2
				1,062,475	1,102,275
Current assets
Debtors			15	117,129	16,253
Cash at bank	and in hand			1,003,946	40,873
				1,121,075	57,126
Creditors: Amounts		falling due within one year	16	(9,892)	(20,476)
Net current	assets			1,111,183	36,650
Net assets				2,173,658	1,138,925
Funds ofthe	charity;
Unrestricted	income	funds
Unrestricted	funds			2,173,658	1,138,925
Total funds			17	2,173,658	1,138,925

Consolidated St	atement of	Cash Flows for the	Year En	ded 31Decembe	r 2022
				2022	2021
			Note	g
Cash flows from operating	activities
Net cash income				1,048,506	20,295
Adjustments to cash flows from non-cash Depreciation Investment income		items	6 5	108,630 ~3	129,839 ~11)
				1,157,133	150,123
Working capital adjustments
Increase in stocks			14	(5,311)	(34,160)
Increase in debtors			15	(62,387)	(49,506)
Increase in creditors			16	58,198	23,562
Decrease in provisions				(2,416)	(15,680)
Increase in deferred income				62,743
Net cash flows from operating	activities			1,207,960	74,339
Cash flows from investing activities
Interest receivable and similar	income		5	3	11
Purchase oftangible fixed assets			12	(78,760)	(154,551)
Saleoftangible fixed assets				13,069
Net cash flows from investing	activities			(65,688)	~(154,540
Cash flows from financing activities
Repayment ofloans and borrowings			16	(180,000)	(3,958)
Repayment ofcapital element	offinance leases and HP contracts			(3,825)	18,806
Net cash flows from financing	activities			183,825	14,848
Net increase/(decrease) in cash and cash equivalents				958,447	(65,353)
Cash and cash equivalents at I January				386,527	451,880
Cash and cash equivalents at 31December				1,344,974	386,527

	Unrestricted
	funds	Total
	General	funds
GiAs and donations	1,183,400	1,183,400
Total for 2022	1,183,400	1„183,400
Total for2021	1,203	1,203

	Unrestricted
	funds	Total
	General	funds
Trading Income - Pinnacle (EU) Ltd	3,061,184	3,061,184
Total for 2022	3,061,184	3,061,184
Total for2021	3,047,424	3,047,424

	Unrestricted
	funds	Total
	General	funds
Bank Interest
Total for2022
Total for2021

Unrestricted
funds	Total
General	funds
2,840,824	2,840,824
2,840,824	2,840,824
2,738,978	2,738,978

Charitable	activities
Total for	2021

	Unrestricted
	funds	Total
	General	funds
Note
8	358,590	358,590
	290,550	290,550

Support	costs allocated to ch	aritable activities
				Premises
				costs	Other
		Governance	Administration	including	support	Total
		costs	costs	depreciation	costs	2022
Charitable	Activities	(204)	54,333	79,361	225,100	358,590
				Premises
				costs	Other
		Governance	Administration	including	support	Total
		costs	costs	depreciation	costs	2021
Charitable	Activities	22,908	24,962	82,067	160,613	290,550

	2022	2021
	No	No
Staff			13

11 Auditors' remuneration
	2022	2021
Other fees to auditors
The auditing ofaccounts ofany associate ofthe charity	6,000	5,000
All other non-audit services		2,250
	6,000	7,250

Group
	Land and	Furniture and
	buildings	equipment	Motor vehicles	Total
Cost
At 1 January 2022	2,393,601	244,415	22,650	2,660„666
Additions Disposals	45,071 ~19,426	33,689 ~406		78,760 (19,832)
At 31December 2022	2,419,246	277,698	22,650	2,719,594
Depreciation
At 1 January 2022	1,253,498	162,436	5,663	1,421,597
Charge for the year	65,995	38,389	4,246	108,630
Eliminated on disposals	(6,763)			(6,763)
At 31December 2022	1,312,730	200,825	9,909	1,523,464
Net book value
At 31December 2022	1,106,516	76,873	12,741	1,196,130
At 31December 2021	1,140,103	81,979	16,987	1,239,069
Charity
		Land and	Furniture and
		buildings	equipment	Total
Cost
At I January 2022		2,301,447	33,077	2,334,524
Additions Disposals		15,370 ~19,426)		15,370 (19,426)
At 31December 2022		2,297,391	33,077	2,330,468
Depreciation
At 1 January 2022		1,200,800	31,451	1,232,251
Charge for the year Eliminated on disposals		40,881 ~6,763	1,626	42,507 (6,763)
At 31December 2022		1,234,918	33,077	1,267,995
Net book value

		Land and	Furniture	and
		buildings	equipment		Total
At	31December 2022	1,062,473			1,062,673
At	31December 2021	1,100,647		1,626	1,102,273
13	Fixed asset investments

Subsidiary
undertakings	Total
g

		Country of		Proportion ofvoting rights	Proportion ofvoting rights	Principal
Undertaking		incorporation	Holding	and shares held		activity
				2022	2021
Subsidiary	undertakings
Pinnacle (EU) Ltd
Beta House, Borough Road, Brackley, Northamptonshire,		United Kingdom		100%	100%	Sale of retail goods
NN13 7BE

14 Stock
				Group		Charity
				2022	2021	2022
Stocks				234,257	228,946
15 Debtors
			Group		Charity
			2022	2021	2022	2021
Trade debtors			147,604	161,938	8,876	8,876
Prepay ments			4,868	2,083	2,083	2,083
Other debtors			106,170	32,234	106,170	5,294
			258,642	196,255	117,129	16,253
16 Creditors:	amounts	falling due within one year
			Group		Charity
			2022	2021	2022	2021
Bank loans				281,042
Trade creditors			156,806	74,201	4,184	13,284
Hire purchase	and finance	leases	14,981	3,825
Other taxation	and social	security	29,576
VAT grant repayable			6,153	23,338	(3,149)
Other creditors			34,041	47,094	1,584	2,192
Accruals			137,321	161,067	7,273	5,000
Deferred income			62,743
			441,621	590,567	9,892	20,476

Group
						Balance at31
		Balance at 1		Incoming	Resources	December
		January	2022	resources	expended	2022
				g	g
Unrestricted	funds
General		1,412,834		4,247,920	(3,199,414)	2,461,340
						Balance at 31
		Balance	at I	Incoming	Resources	December
		January	2021	resources	expended	2021
Unrestricted	funds
General		1,392,539		3„049,823	(3,029,528)	1,412,834
Restricted funds		135,092			(135,092)
Total funds		1,527,631		3,049,S23	(3,164,620)	1,412,834
Charity
						Balance at31
		Balance	at 1	Incoming	Resources	December
		January	2022	resources	expended	2022
		K
Unrestricted	funds
General		1,138,926		1,393,323	(358,591)	2,173,658
						Balance at 31
		Balance	at 1	Incoming	Resources	December
		January	2021	resources	expended	202]
Unrestricted	funds
General		1,247,475		182,000	(290,550)	1,138,925
Restricted funds		135,092			(135,092)
Total funds		1,382,567		182,000	(425,642)	1,138,925

Group
		Unrestricted	Total funds at
		funds	31December
		General	2022
Tangible fixed assets		1,196,130	1,196,130
Current	assets	1,837,873	1,837,873
Current liabilities Creditors over 1year		(441,621) 131,042	(441,621) ~131.042
Total net assets		2,461,340	2,461,340
		Unrestricted	Total funds at
		funds	31December
		General	2021
			K
Tangible	fixed assets	1,239,069	1,239,069
Current	assets	811,728	811,728
Current	liabilities	(590,567)	(590,567)
Creditors over 1 year Provisions		(44,980) (2,416)	(44,980) ~2,416)
Total net assets		1,412,834	1,412,834

Charity
	Unrestricted	Total funds at
	funds	31December
	General	2022
Tangible fixed assets	1,062,473	1,062,473
Fixed asset investments	2	2
Current assets Current liabilities	1,121,075 9,892)	1,121,075 ~(9,892
Total net assets	2,173,658	2,173,658
	Unrestricted	Total funds at
	funds	31December
	General	2021
Tangible fixed assets	1,102,273	1,102,273
Fixed asset investments	2	2
Current assets Current liabilities	57,126 (20,476	57,126 ~20,476)
Total net assets	1,138,925	1,138,925