## ## ## |Reference and Administrative
Details|Reference and Administrative
Details|| |---|---|---| |Trustees' Report||2 to 14| |Statement ofTrustees'|Responsibilities|| |Independent
Auditors'|Report|16to 18| |Statement ofFinancial|Activities|19to 20| |Balance Sheet||21| |Statement ofCash Flows||22| |Notes ofthe Financial|Statements|23 to 44| ||||South West Grid for|South West Grid for|South West Grid for|Learning Trust|Learning Trust|Learning Trust|Learning Trust| |---|---|---|---|---|---|---|---|---|---| ||||Reference and|Administrative
Details|||||| |Trustees|||R Bond||||||| ||||A C Coghlan||||||| ||||PFletcher (resigned|||1|December 2021)||| ||||C Mcdonald||||||| ||||S Smith||||||| ||||SP Taylor (resigned|||15June 2021)|||| ||||A EBrittan||||||| ||||JBriscombe||||||| ||||MEBlackman (appointed|||||15April 2021 and resigned 23 May 2022)|| ||||I Daniells (appointed|||6June 2022)|||| ||||H EPorter (appointed||||29|March 2022)|| ||||A D Phippen|(appointed 29March 2022)|||||| |Secretary|||RBond||||||| |Principal|Office||Belvedere House||||||| ||||Woodwater|Park|||||| ||||Pynes Hill||||||| ||||Exeter||||||| ||||EX25WS||||||| ||||The charity is incorporated|||||in England|and Wales.| |Company|Registration|Number|05589479||||||| |Charity Registration||Number|1120354||||||| |Scotland|Charity Registration||SC051351||||||| |Number|||||||||| |Solicitors|||Shoosmiths|LLP|||||| ||||West One||||||| ||||114Wellington
Street||||||| ||||Leeds||||||| ||||Lsl 1BA||||||| |Bankers|||Lloyds TSBBank Pic||||||| ||||234 High Street||||||| ||||Exeter||||||| ||||Devon||||||| ||||EX43ZB||||||| |Auditor|||Thompson
Jenner LLP||||||| ||||Statutory
Auditors||||||| ||||28 Alexandra|Terrace|||||| ||||Exmouth||||||| ||||Devon||||||| ||||EX8 1BD||||||| |||||Page|1||||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||and Los|ses)||| |---|---|---|---|---|---|---| |||||Unrestricted|Restricted|Total| ||||Note|fundsf|funds|2022| |Income and Endowments||from:||||| |Charitable
activities||||2,534,704|1,047,037|3,581,741| |Investment
income||||127||127| |Total income||||2,534,831|1,047,037|3,581,868| |Expenditure
on:||||||| |Charitable
activities||||(2,021,109)|(1,195,937)|(3,217,046)| |Total expenditure||||(2,021,109)|~(1,195,937|~3,217,046)| |Net income/(expenditure)||||513,722|(148,900)|364,822| |Transfers
between
funds||||(148,900)|148,900|| |Other recognised
gains|and losses|||||| |Actuarial
gains/(losses)|on|defined benefit||||| |pension
schemes||||315,000||315,000| |Net movement
in funds||||679,822||679,822| |Reconciliation
offunds||||||| |Total funds brought
forward||||960,502||960,502| |Total funds carried forward|||20|1,640,324||1,640,324| ## ## |Comparative|St|ate|ment ofFinanc|ial Act|ivities for the Y|ear Ended 31Ma|rch 2021| |---|---|---|---|---|---|---|---| ||||||Unrestricted|Restricted|Total| ||||||funds|funds|2021| |Income and Endowments|||from:||||| |Charitable
activities|||||3,950,798|325,999|4,276,797| |Investment
income|||||2,785||2,785| |Total income|||||3,953,583|325,999|4,279,582| |Expenditure
on:|||||||| |Charitable
activities|||||(3,499,125)|(609,855)|(4,108,980)| |Total expenditure|||||~(3,499,125|~(609,855|(4,108,980)| |Net income/(expenditure)|||||454,458|(283,856)|170,602| |Transfers
between|funds||||(283,856)|283,856|| |Other recognised|gains|and losses|||||| |Actuarial
gains/(losses)||on|defined benefit||||| |pension schemes|||||(254,000)||(254,000)| |Net movement
in funds|||||(83,398)||(83,398)| |Reconciliation
offunds|||||||| |Total funds brought|forward||||1,043,900||1,043,900| |Total funds carried|forward|||20|960,502||960,502| ## ## ||||Balance Sheet as at|31March 202|2|| |---|---|---|---|---|---|---| ||||||2022|2021| |||||Note||| |Fixed assets||||||| |Intangible
assets||||12|5,775|8,949| |Tangible assets||||13|20,646|8,208| |Investments||||14|1|1| ||||||26,422|17,158| |Current assets||||||| |Stocks||||15|16,354|106,590| |Debtors||||16|773,116|1,046,245| |Cash at bank|and in hand||||3,211,438|1,783,892| ||||||4,000,908|2,936,727| |Creditors: Amounts||falling|due within one year|17|(1,313,006)|(622,383)| |Net current|assets||||2,687,902|2,314,344| |Net assets excluding||pension|liability||2,714,324|2,331,502| |Pension scheme liability||||19|(1,074,000)|1,371,000)| |Net assets including||pension|liability||1,640,324|960,502| |Funds ofthe|charity:|||||| |Unrestricted|income|funds||||| |Unrestricted|||||1,640,324|960,502| |Total funds||||20|1,640,324|960,502| ## ## ||||||2022|2021| |---|---|---|---|---|---|---| |||||Note||| |Cash flows from operating
activities||||||| |Net cash income/(expenditure)|||||679,822|(83,398)| |Adjustments
to cash flows from non-cash||items||||| |Depreciation|||||9,240|6,768| |Amortisation|||||3,174|2,802| |Investment
income|||||(127)|(2,785)| ||||||692,109|(76,613)| |Working capital adjustments||||||| |Decrease in stocks||||15|90,236|16,488| |Decrease/(increase)
in debtors||||16|273,129|(119,959)| |Increase/(decrease)
in creditors||||17|469,884|(755,303)| |Increase/(decrease)
in retirement
benefit obligation|||net ofactuarial|||| |changes||||19|(297,000)|264,000| |Increase/(decrease)
in deferred|income||||220,739|(68,265)| |Net cash flows from operating|activities||||1,449,097|(739,652)| |Cash flows from investing
activities||||||| |Interest receivable
and similar|income|||4|127|2,785| |Purchase ofintangible
fixed assets||||12||(2,228)| |Purchase oftangible fixed assets||||13|(21,678)|(3,263)| |Net cash flows from investing|activities||||21,551|(2,706)| |Net increase/(decrease)
in cash|and cash equivalents||||1,427,546|(742,358)| |Cash and cash equivalents
at
1|April||||1,783,892|2,526,250| |Cash and cash equivalents
at 31 March|||||3,211,438|1,783,892| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |costs ofthe central function,
is apportione
the amount
attributable
to each activity.|d
on the following
basi|s which| |---|---|---| ||2022|2021| |E - Safety|42%|40%| |UK Safer Internet Centre|9%|11%| |Barefoot|21%|21%| |Licencing|5%|5%| |Schools Internet Service|23%|23%| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||Unrestricted|||| |---|---|---|---|---| ||funds|Restricted|Total|Total| ||General|funds|2022|2021| |E-Safety|772, 107|557,326|1,329,433|759,730| |UK Safer Internet Centre||489,711|489,711|322,717| |SELMA||||3,282| |Barefoot|193,992||193,992|380,054| |Licencing|122,300||122,300|220,854| |Schools Internet Service|1,446,305||1,446,305|2,590,160| ||2,534,704|1,047,037|3,581,741|4,276,797| ## ## ## ## ||Activity|||| |---|---|---|---|---| ||undertaken|Activity||| ||directly|support costs|2022|2021| |E-Safety|685,377|155,026|840,403|489,180| |UK Safer Internet Centre|604,052|34,559|638,611|609,855| |Barefoot|153,978|78,064|232,042|316,338| |Licencing|98,073|18,587|116,660|210,424| |Schools Internet Service|1,303,831|85,499|1,389,330|2,483,183| ||2,845,311|371,735|3,217,046|4,108,980| ||Unrestricted|||| |---|---|---|---|---| ||funds|Restricted|Total|Total| ||General|funds|2022|2021| |E-Safety|283,077|557,326|840,403|489,180| |UK Safer Internet Centre||638,611|638,611|609,855| |Barefoot|232,042||232,042|316,338| |Licencing|116,660||116,660|210,424| |Schools Internet Service|1,389,330||1,389,330|2,483,183| ||2,021,109|1,195,937|3,217,046|4,108,980| ||||Unrestricted|||| |---|---|---|---|---|---|---| ||||funds|||| |||||Restricted|Total|Total| ||||General|funds|2022|2021| |Employment||costs|166,158|17,057|183,215|217,587| |Establishment||costs|103,486|10,624|114,110|113,424| |Legal and|Professional||38,413|3,944|42,357|35,767| |Travel and|subsistence||335|35|370|898| |Computer|expenses||28,523|2,928|31,451|24,231| |Advertising||and promotion|204|21|225|| |Bad debt provision|||7||7|| ||||337,126|34,609|371,735|391,907| |||Unrestricted||| |---|---|---|---|---| |||funds|Total|Total| |||General|2022|2021| |Audit fees||||| |Audit ofthe financial|statements|11,100|11,100|11,200| |Other fees paid to auditors||3,980|3,980|3,186| |||15,080|15,080|14,386| |Net incoming|re|sources for the year include:||| |---|---|---|---|---| ||||2022|2021| |Operating
leases||- other assets|64,386|71,492| |Audit fees|||11,100|11,200| |Other non-audit||services|13,911|10,817| |Depreciation|of|fixed assets|11,664|7,311| |Amortisation|of|soAware|3,174|2,802| ## ## ## ## ## |9
Staff costs
The aggregate
payroll costs were as follows:||| |---|---|---| ||2022|2021| |Staffcosts during the year were:||| |Wages and salaries|854,936|886,351| |Social security costs|82,061|86,916| |Pension costs|77,290|70,195| ||1,014,287|1,043,462| ## |2022||2021|| |---|---|---|---| |No||No|| ||32||32| |2022|2021| |---|---| |No|No| ## ## |10 Auditors'
remuneration||| |---|---|---| ||2022|2021| |Audit ofthe financial
statements|11,100|11,200| |Other fees to auditors||| |All other non-audit
services|10,411|10,817| |11Taxation||| |The charity is a registered
charity and is therefore exempt from taxation.||| ## |12 Intangible
fixed assets||| |---|---|---| ||Software|Total| |Cost||| |At
1 April 2021|15,868|15,868| |At 31 March 2022|15,868|15,868| |Amortisation||| |At 1 April 2021|6,919|6,919| |Charge for the year|3,174|3,174| |At 31March 2022|10,093|10,093| |Net book value||| |At 31March 2022|5,775|5,775| |At 31March 2021|8,949|8,949| ## ## |13 Tangible fixed assets|||||| |---|---|---|---|---|---| |||||Furniture
and|| |||||equipment|Total| |Cost|||||| |At 1 April 2021||||115,085|115,085| |Additions||||21,678|21,678| |At 31March 2022||||136,763|136,763| |Depreciation|||||| |At 1 April 2021||||106,877|106,877| |Charge for the year||||9,240|9,240| |At 31 March 2022||||116,117|116,117| |Net book value|||||| |At 31March 2022||||20,646|20,646| |At 31March 2021||||8,208|8,208| |14 Fixed asset investments|||||| |||||2022|2021| |Shares in group undertakings|and participating|interests|||| |Shares in group undertakings|and participating||interests||| |Subsidiary|| |---|---| |undertakings|Total| ## ## ## |capital are a|s follows:|||| |---|---|---|---|---| ||||Proportion ofvoting|| ||||rights and shares|| |Undertaking||Holding|held|Principal activity| |Subsidiary|undertakings|||| |Edtesa Limited||Ordinary|100%|Dormant| ## ## |15 Stock||| |---|---|---| ||2022|2021| |Stocks|16,354|106,590| |16 Debtors||| ||2022|2021| |Trade debtors|146,287|183,886| |P repayments|115,438|360,548| |Accrued income|439,843|406,306| |VAT recoverable|44,473|85,423| |Other debtors|27,075|10,082| ||773,116|1,046,245| ## |17 Credi|tors: am|ounts
falling|due within
one year||| |---|---|---|---|---|---| |||||2022|2021| |Trade creditors||||475,014|32,513| |Other creditors||||165,178|150,731| |Accruals||||38,116|25,180| |Deferred|income|||634,698|413,959| |||||1,313,006|622,383| |||||2022|2021| |Deferred|income at 1 April 2021|||413,959|482,224| |Resources|deferred|in the period||388,715|180,421| |Amounts|released|from previous|periods|(167,976)|(248,686)| |Deferred|income at year end|||634,698|413,959| ## |Total future
minimum
lease payments
under non-cancell|able
operating
leases are as follows:|| |---|---|---| ||2022|2021| |Land and buildings||| |Within one year|58,900|58,900| |Between one and five years|9,817|68,717| ||68,717|127,617| |Other||| |Within one year|7,330|| |Between one and five years|12,216|| ||19,546|| ## ## ## ## ## ## ## |Reconciliation ofscheme assets and liabilities to assets and l
The amounts
recognised
in the statement offinancial
position|iabilities recognised
are as follows:|| |---|---|---| ||2022|2021| |Fair value ofscheme assets|2,941,000|2,736,000| |Present value ofdefined benefit obligation|(4,015,000)|(4,107,000)| |Defined benefit pension scheme deficit|(1,074,000)|(1,371,000)| ## ## ## |Changes
in th|e defined benefit obligation
are as follows:|| |---|---|---| |||2022| |Present value|at start ofyear|4,107,000| |Current service cost||27,000| |Interest cost||85,000| |Actuarial
gains and losses||(103,000)| |Benefits paid||(107,000)| |Contributions|by scheme participants|6,000| |Present value|at end ofyear|4,015,000| |Fair value ofsrheme assets
Changes
in the fair value ofscheme assets are as follows:|| |---|---| ||2022| |Fair value at start ofyear|2,736,000| |Interest income|57,000| |Actuarial
gains and losses|212,000| |Employer
contributions|37,000| |Contributions
by scheme participants|6,000| |Benefits paid|(107,000)| |Fair value at end ofyear|2,941,000| ## |The major ca|tegories ofscheme assets are as follows:||| |---|---|---|---| |||2022|2021| |Cash and cash equivalents||47,000|79,000| |Equity instruments||1,190,000|1,026,000| |Government|bonds|365,000|386,000| |Other Bonds||221,000|233,000| |Property||197,000|197,000| |Other||921,000|815,000| |||2,941,000|2,736,000| |Return on scheme assets|||| |||2022|2021| |Returnon scheme assets||269,000|405,000| ## ## ## |The principal
actuarial|as|sumptions|at the statement offinancial
p|osition date are as follows:|| |---|---|---|---|---|---| |||||2022|2021| |||||o/o|o/o| |Discount rate||||2.80|2.10| |Future salary increases||||4.80|4.20| |Future pension increases||||3.40|2.80| |Inflation||||3.30|2.70| |Post retirement
mortality||assumptions|||| |||||2022|2021| |||||Years|Years| |Current UK pensioners|at retirement||age - male|23.00|23.00| |Current UK pensioners|at retirement||age - female|25.00|25.00| |Future UK pensioners|at retirement||age - male|25.00|25.00| |Future UK pensioners|at retirement||age - female|27.00|27.00| ## ## |20 Funds||||||||||| |---|---|---|---|---|---|---|---|---|---|---| ||||||Balance at 1|Incoming|Resources||Other|Balance at 31| ||||||April 2021|resources|expended|Transfers|gains/(losses)|March 2022| |Unrestricted
funds||||||||||| |General||||||||||| |Unrestricted
income fund|||||2,331,502|2,534,831|(2,003,109)|(148,900)||2,714,324| |Designated||||||||||| |Defined|benefit pension|scheme|||(1,371,000)||(18,000)||315,000|(1,074,000)| |Total unrestricted
funds|||||960,502|2,534,831|(2,021,109)|(148,900)|315,000|1,640,324| |Restricted|funds|||||||||| |UKSIC||||||489,711|(638,611)|148,900||| |Support,|Hear, Hope - Comic Relief Grant|||||69,975|(69,975)|||| |Professional
Online Safety Helpline - TikTok Grant||||||33,155|(33,155)|||| |Revenge|Porn Helpline|- Tides Foundation||Grant||15,503|(15,503)|||| |Revenge|Porn Helpline|(Scotland) - Inspire||Scotland||||||| |Grant||||||24,656|(24,656)|||| |Harmful|Sexual Behaviour||Support Service|- Home||||||| |Office Grant||||||258,353|(258,353)|||| |Minerva|Project - Digital Culture Media and Sport Grant|||||155,684|(155,684)|||| |Total restricted
funds||||||1,047,037||148,900||| |Total funds|||||960,502|3,581,868|(3,217,046)||315,000|1,640,324| ## ## |||||Balance at 1|Incoming|Resources||Other|Balance at 31| |---|---|---|---|---|---|---|---|---|---| |||||April 2020|resources|expended|Transfers|gains/(losses)|March 2021| |Unrestricted|funds||||||||| |General|||||||||| |Unrestricted|income fund|||2,150,900|3,953,583|(3,489,125)|(283,856)||2,331,502| |Designated|||||||||| |Defined benefit||pension scheme||(1,107,000)||||(254,000)|(1,371,000)| |Total unrestricted|||funds|1,043,900|3,953,583|3,499,125)|283,856)||| |Restricted|||||||||| |UKSIC|||||322,717|(609,855)|287,138||| |SELMA|||||3,282||3,282)||| |Total restricted||funds|||325,999|(609,855)|283,856||| |Total funds||||1,043,900|4,279,582|4,108,980)||(254,000)|960,502| ## ## |21 Anal|ysis ofnet assets betwee|n
funds||||| |---|---|---|---|---|---|---| |||||||Total funds at| |||Unrestricted|funds|Restricted||31March| |||General|Designated|funds||2022| |Intangible
fixed assets||5,775||||5,775| |Tangible|fixed assets|20,646||||20,646| |Fixed asset investments||1||||1| |Current|assets|3,720,633||280,274||4,000,907| |Current|liabilities|(1,032,733)||(280,274)||(1,313,007)| |Pension|scheme liability||(1,074,000)|||(1,074,000)| |Total net assets||2,714,322|(1,074,000)|||1,640,322| |||||||Total funds at| |||Unrestricted|funds|Restricted||31March| |||General|Designated|funds||2021| |Intangible
fixed assets||8,949||||8,949| |Tangible|fixed assets|8,208||||8,208| |Fixed asset investments||1||||1| |Current|assets|2,624,187||312,540||2,936,727| |Current|liabilities|(309,843)||(312,540)||(622,383)| |Pension|scheme liability||(1,371,000)|||(1,371,000)| |Total net assets||2,331,502|(1,371,000)|||960,502| |22 Analysis ofnet funds||||||| ||||At 1 April|Financing|cash|At 31March| ||||2021|flows||2022| |Cash at|bank and in hand||1,783,892|1,427,546||3,211,438| |Net debt|||1,783,892|1,427,546||3,211,438| ||||At 1 April|Financing|cash|At 31March| ||||2020|flows||2021| |Cash at|bank and in hand||2,526,250|742,358)||1,783,892| |Net debt|||2,526,250|(742,358)||1,783,&92| ## ## ## ## ||2022|2021| |---|---|---| ||f,|| |Devon|112,193|112,193| |Gloucester|110,363|110,363| |Plymouth|3,403|3,403| |Swindon|12,447|12,447| |Torbay||| |Wiltshire|7,578|7,578|