## ## ## ||||||||Page| |---|---|---|---|---|---|---|---| |Trustees'|annual
report (incorporating|||the|director's|report)|| |Independent||examiner's
report to the||trustees|||| |Statement||of financial activities|(including||income|and|| |expenditure||account)|||||| |Statement||of financial position|||||| |Statement||of cash flows|||||| ||||||||10| |Notes to the financial statements|||||||| ## ## ## ## |Reference|and administrative|and administrative|and administrative|and administrative|details|| |---|---|---|---|---|---|---| |Registered||charity|name||Okehampton
Skills and Sports Trust|| |Charity registration|||number||1169967|| |Company|registration|||number|10313561,|| |Principal office and
office|||registered||Fairways
Tanners
Hill|| ||||||Okehampton|| ||||||EX20 4ND|| |The trustees|||||Mr A Ewen|| ||||||Mr R Metherell|| ||||||Mr SEssex|| ||||||Mr D Brett|| ||||||Mrs C Marsh|| |Independent||examiner|||Mrs S L Watts FCCA DChA
Westcotts (SWi LLP|| ||||||Chartered
Accountants|| ||||||7C Cranmere|Road| ||||||Okehampton|| ||||||Devon|| ||||||EX20 1UE|| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Period ended 30Septembe|r 2022||||| |---|---|---|---|---|---| ||||2022||2021| ||||Unrestricted||| ||||funds|Total funds|Total funds| |||Note|2|2|| |Income and endowments
Donations
and legacies
Charitable
activities
Investment
income
Total income|||700,295
168,011
2,058
870,364|700,295
168,011
2,058
870,364|1 041 775
1,795
1,043,570| |Expenditure
Expenditure
on charitable
activities
Total expenditure||8|31,821
31,821|31,821
31,821|2,671
2,671| |Net income and net movement|in funds||838,543|838,543|1,040,899| |Reconciliation
offunds
Total funds brought
forward
Total funds carried foneard|||2,961,410
3,799,953|2,961,410
3,799,953|991,008
2,961,410| ## ## ## |30September 20|22|||| |---|---|---|---|---| ||||2022|2021| |||Note||| |Fixed assets
Tangible fixed assets||13
14|3,455,648
1|2,785,930
1| |Investments|||3,455,649|2,785,931| |Current assets||15|218,821|152,076| |Debtors
Cash at bank arid in hand|||163,928
382,749|84,271
236,347| |Creditors: amounts
falling due within one year
Net current assets
Total assets less current liabilities
Net assets||16|38,445
344,304
3,799,953
3,799,953|60,868
175,479
2,961,410
2,961,410| |Funds ofthe charity
Unrestricted
funds
Total charity funds||17|3,799,953
3,799,953|2,961,410
2,961,410| ## ## ## ## ## |Company
Limited by G
Statement of Cash Flo
Period ended 30 Septe|uarantee
ws
mber 2022|||| |---|---|---|---|---| ||||2022|2021| ||||2|| |Cash flows from operating
Net income|activities||838,543|1,040,899| |Adj ustmenfs
for;
Other Interest receivable
and|similar income||(2,058)|(1,795)| |Changes in:
Trade and other debtors
Trade and other creditors|||(66,745)
(22,423)|142,243
56,436| |Gash generated
from operations|||747,317|1,239,783| |Interest received|||2,058|1,795| |Net cash from operating
activities|||749,375|1,241,578| |Cash' flows from investing
Purchase
oftangible assets|activities||(669,718)|(1,163,734)| |Net cash used
in investing
activities|||(669,718)|(1,163,734)| |Net Increase In cash and cash equivalents
Cash and cash equivalents
at beginning||of period|79,657
84,270|77,843
6,427| |Cash and cash equivalents|at end of period||163,927|84,270| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Donations and legacies||||| |---|---|---|---|---| ||Unrestricted
Funds
P.|Total Funds
2022
2|Unrestduted
Funds|Total Funds
2021
2| |Donations
Donations
Gift aid|596,433
103,862
700,295|596,433
103,862
700,295|1,075,290
(33,515)
1,041,775|1,075,290
(33,515)
1,041,775| ## |Charitable a|ctivities||||||| |---|---|---|---|---|---|---|---| |||Unrestricted
Funds
2|Total Funds
2022
2|Unrestricted
Funds
'
2||Total Funds
2021
2|| |Sale of lease
Rental income||141,000
27,011|141,000
27,011||||| |||168,011|168,011||||| |Investment|income||||||| |||Unrestricted
Funds|Total Funds
2022
2|Unrestricted
Funds
2||Total Funds
2021
2|| |Intercompany|loan interest|2,058|2,058||2,671|2,671|| |Expenditure|on charitable|activities by fund type|||||| |||Unrestricted
Funds|Total Funds
2022
2|Unrestricted
Funds||Total Funds
2021
2|| |Charitable
activities
Support costs||28,345
3,476
31,821|28,345
3,476
31,821||1,821
850
2,671|1,821
850
2,671|r| ## ## ## ## ## ## ## |9.|Expenditure
on charitable|activ|ities|||| |---|---|---|---|---|---|---| |||||Unrestricted
8|Total 2022
8|Total 2021
8| ||Rates and water
Light and heat
Cleaning and site amenities
Advert)a)ng
and marketing
Repairs and maintenance
Letting agent fees
Other professional
services
Subscriptions
Telephone
Bank charges|||1,922
5,746
3,408
2,270
381
5,734
6,940
476
992
348
128|1,922
5,746
3,408
2,270
381
5,734
6,940
476
992
348
128|1,668
140
13| ||Sundry expenses|||28,345|28,345|1,821| |10.|Analysis of support costs|||||| |||||Unrestricted|Total 2022
8|Total 2021
6| ||Governance
costs|||3,476|3,476|850| |||||3,476|3,476|850| |11.|Independent
examination|fees||||| ||||||2022|2021| ||||||2|8| ||Fees payable to the independent
independent
examination
ofthe||examiner for:
financial statements||1,000|850| ## ## ## ## ## ## ## |14.|Tangible fixed as|sets||||| |---|---|---|---|---|---|---| |||||Freehold|Assets under|| |||||property|construction|Total
2| ||Cost
At 1 September 2021|||156,779|2,629,151
669,718|2,785,930
669,718| ||Additions|||||| ||Disposals
At 30September|2022||156,779|3,298,869|3,455,648| ||Depreciation
At 1 September 2021 and 30September||2022|||| ||Carrying
amount
At 30September 2022
At 31 August 2021|||156,779
156,779|3,298,869
2,629,151|3,455,648
2,785,930| |15.|Investments|||||| |||||||Shares in| |||||||gl'oup| ||||||undertakings|| |||||||6| ||Cost or valuation
At 1September|2021 and 30 September|2022|||| ||Impairment
At 1 September|2021 and 30 September|2022|||| ||Carrying
amount
At 30September|2022||||1| |||||||1| ||At 31 August 2021|||||| ||All investments
shown above are held at||valuation.|||| |16.|Debtors|||||| ||||||2022|2021| ||||||2|| ||Amounts
owed by group undertakings||||157,860
961|137,210| ||Prepayments
Other debtors||||60,000
218,821|14,866
152,076| ## ## ## ## ## ## ## |Unrestricted|funds|||||||| |---|---|---|---|---|---|---|---|---| ||||At|||||At 30| |||1|September
2021|' Income|Expenditure|Transfers September||2022| ||||||2|||| |General funds||||168,011|(31,821)|3,643,763|3,799,953|| |Development
assets|of fixed||2,941,410|702,353||(3,643,763)||| ||||2,941,410|870,364|(31,821)||3,799,953|| ||||At|||||At| |||1|September
2020|Income|Expenditure|Transfers 31|August|2021| ||||||2|||| |General funds||||1,043,570|(2,671)|(1,040,899)||| |Development
assets|of fixed||1,920,511|||1,040,899|2,961,410|| ||||1,920,511|1,043,570|(2,671)|.
—|2,961,410|| ## ## ## ## ## |19.|Analysis ofnet as|sets between funds|||| |---|---|---|---|---|---| |||||Unrestricted|Total Funds| |||||Funds|2022| |||||2|2| ||Tangible fixed assets|||3,455,648
1|3,455,648
1| ||Investments
Current assets
Creditors less than
Net assets|1 year||382,749
(38,445)
3,799,953|382,749
(38,445)
3,799,953| |||||Unrestricted|Total Funds| |||||Funds|2021| |||||2|| ||Tangible fixed assets|||2,785,930
1|2,785,930
1| ||Investments
Current assets
Creditors less than
Net assets|1 year||236,347
(60,868)
2,961,410|236,347
(60,868)
2961 410| |20.|Analysis ofchanges in net debt||||| ||||||At 30Sept| ||||At 1 Sep 2021
2|Cash flows|2022
2| ||Cash at bank and|in hand|84,271|79,657|163,928| ##