COMPANY REGISTRATION NUMBER: 10313561
CHARITY REGISTRATION NUMBER: 1169987
Okehampton Skills and Sports Trust
Company Limited by Guarantee
Unaudited Financial-statements
30 September 2023
WESTCOThS
Chartered Accountants
7C Cranmere Road
Exeter Road Industrial Esiate
Okehampton
Devon
EX20 1 UE
"ADC39URS*
2110912024
CCWANIES HOUSE
111

Okehampton Skills and Sports Trust
Company Limiled by Guarantee
Flnancial Slalements
Year ended 30 September 2023
Page
. Trustees, annual report {incorporaling the director's report}
Independent examinerfs report to the trustees
Slatement of financial activities (including income and
expendilure account)
Statement of financial position
Stalemenl of cash flows
Notes to the financial statements
10

Okehampton Skills and Sports Trust
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report)
Year ended 30 September 2023
The ITuslees. who are also the directors IOT the purposes ol company law. present their reFL)rt and the
unaudited financial slatemenls of Ihe charily for the year erKled 30 Seplember 2023.
Reference and administrative detai15
Regislered charity name
Okehampion Skills and Sr*Jts Trust
Charlly registratlon number
1169987
Company.registiation number 10313561
Principal otlice arml regislered Fairways
office
Tanners Hill
Okehamplon
EX20 4ND
The truslees
Mr A Ewen
Mr R Meiherell
Mr S Essex
Mr D Brett
Mrs C Marsh
Independent examiner
Mrs S L Watts FCCA DChA
Weslcotts (SWI LLP
Chartered Accounlanls
7C Cranmere Road
Okehampion
Devon
EX20 1 UE

Okehampton Skills and Sports Trust
Company Limited by Guarantee
Truslees. Annual Report. (Incorporallng the Director's Report) (contthtsedi
Year ended 30 Sepiember 2023
Slructure, governance and managemenl
Conslitulion
Okehamplon Skills and Sports Tiusl is registered as"a charitable company limited by guarantee and
was sel up by a Memorandum ol Association on 0410812016. Ils registered nurnber is 10313561 and ils
charity number is 1169987. The Charity is the ! 00% Shareholder ol Okeharnpton Sports and Skills
Trading Company Limrted. a private company limrted by shares and incorporated in England and Wales,
its company number is 11835225.
Methods of appointment of ele¢iion of trustees
The management of the company 15 the iesponsibilty ol the Truslees vtho are elected and co-opted
under the terms ol the Memorandum ol Assctialion_ The Charity recruitment policy tried 10 ensure all
required thlls are covered amongsl the Board of Trustees.
Truslee induction and trnining
New Iruslees are brieled on their legal obligations under charity law and receive a copy of the governing
document, Trust Policies and Procedures and recent financial slatemenls, minutes elc. Trustees are
encouraged to allend external training event5 where p055ible and to ensure they keep up lo dale with
charKJes in law etc by reading newslellers issued by the Charity Commission and any other guidance
notes that are relevant.
Organlsations structure and decision making.
The Boaid ol Trustees administers ihe Charity. The Board meets several limes a year and at each
meeting covers relevant matters including linance. The Trustees we also Te5wnsible lor the day lo day
operations of the Charity.
Objectives and activities
' Policies and objectives
The Principal objective of the company is to provi(Je affordable business premises for start-up
sinesses, vocational training opwrtunilies and sports facilities for Ihe loca] community.
The Charity's longer term aims are..
I l The advancement ol edvcatiorn, training and relfaining, by the provision of wort( space and bjildings.,
21 The provision for recreational facilities in the local area.
In setting objectives and planning lor aclivities, Ihe Trustees have given the consideration lo general
guidance published-by the Charty CommissKJn relaling.to Wb1￿ benefit. Includi￿ the guidance 'Public
8enelil'. runnirYJ a chwrty IPB21'.
Activities undertaken to achieve objectives
The Charity will develop land lo creale industrial unrts and SFOrts facilities.
Stralegic report
The following sections for achievemenls and performance and hnar￿ial review form the slralegic rewrt
of the charty.

Okehampton Skills and Sports Trust
Company Limited by Guarantee.
Trustees. Annual Report (Incorporating the Direclor's Report) {¢WfthuedJ
Year ended 30 Sepiember 2023
Achievemenls and perfomwi¢e
Review of activities
On the Industrial sile- A30BC_' Buikling 1 is proving lo be very successful. So far we have Tented 22
lout of 351 on the fi￿ fthr, and 9 loul 01161 on the ground floor, and sold 5 units on the ground Iloor.
We have recently enhanced the cenlral area on the first Ikx)r by converting il into 3 additional small
meeting rooms. to improve the facilities available lor IranirKJ and for use by the'offu occupants.
The second building.is neaily completed lo a ￿Ve1 Ihal will enable il lo be wt up lor sale -either as
separate units or as a whole.
The Trust is investigating the needs of the local bLJikJing community. ol what training facilities they
would like lo see in the Okehamplon aTea- and which we would be able to provide. A308C could use.
outside and inside areas lor practical and desk t¥)und training sessions.
Unlortunalely the Trust has had lo abandon &￿an5 for 3G sports pitches * Simmons Park in
Okehampton arKJ at Si James Primary School due lo planning issues. A grass pitch has been
provided al.sl Jame5 primary 5thyJ. Alternativeplans lor 5PQrts pitches are al present under review.
The Old Mill sile is also al a sland51ill. while we wail lor furthe( sutveys lo be done lor bals and nesting
birds. Only then can partial demolition of the dangerous buiklings tse carried out.
Investment policy
At present all funds are being invested in the crealKJn ol industrial unils and sports facilit￿s. Any
remaining funds are left in the current account.
Financial review
The charity has made an operating surplus in the period amounling lo £86,71912022.. £568.5421 and
has nel assets al Ihe balance sheet dale amounting lo £3.296.381 {2022.' £3,209,662).
Prior Year Adjustment
When prewing the 2023 accounts. il was idenlilied that sums previously analysed as donations from
the trustees. were actually a loan from one ol Ihe Iruslees. These lurids have provided working capital,
and fepaymenls are now being made as the Charity se115 the leases al the Sile.
For clarity we have restated all ol Ihe comparaiive ligures to give sensIt￿e comparative figures.
Going eoncem
After making appropriate enquiries, Ihe Trustees have a"reasonable expectation that the company has
adequate resources to continue in operational existence lor the foreseeabie lutuie.
The Tiuslees continue lo adopt the goiro concem basis in pweparing the financial slatemenls. Further
details regarding the adoplKsn of the going concem basis can be found in the accounting pjlicies.
Reswves policy
The charity does not hold any Iree reserves at the period end. All funds have been invested in core
developments ancl the charity does not expect lo build any reserves until such lime as the charity
commences operations, The Trustees consider that no free reseNes are required and that this is in line
with plans al present.

Okehampton Skills and Sports Trusl
Company Limited by Guarantee
Truslees. Annual Report (Incorporaling the Directorfs Report) (¢ortlnuedl
Year ended 30 September 2023
Principal risks a￿1 uncertaintles
The principal risk affecting the chartty is the risk ol further planning delays lo the timing ol the completion
of the Var￿￿S sporting projects planned by the chaTity- The TTU51ees are hopeful thai the relevant
planning mallers can be deatt with promptly as noted at(iiie.
Plans for future periods
We continue lo work hard lo achieve Ihe Trust's objectNes to help the Okehampton ¢chnmunrty.
Approved by tyder ol the members of the Board ol TrUSt￿S and svjned on their behaW:
Mr S Essex (Tfustee)

Okehamplon Skills and Sports Trust
Company Limiied by Guarantee
Independent Examiner's Report to the Trustees of Okehamwon Skills and
Sports Trust
Year ended 30 September 2023
I reFQrt lo Ihe Iruslees on my examirolion ot the financkql slatements of Okehampton Skills a￿1 Sports.
Trust I'the charity'l lor the year ended 30 September 2023.
Responslbilities and basls ol report
As the Iruslees of the company land ￿50 its direct￿5 for Ihe purposes of company lawl you are
responsible for the preparation ol the financial Slatemenls in accordance wtth the re(NJirements of the
Companies Act 20061'lhe 2006 P£l'l.
Having satisfied myself that Ihe accounts ol Ihe company are nol required lo be audited under Part 16
ol the 2006 Act arKI are e1￿ible lor independent examination. I report in respect of my examination of
the charty's accounts as carried out under section 145 01 the Charities Act 2011 I'the 2011 Acl'l. In
.carrying out my examination I have lollowed the Direct￿n5 given by Ihe Charity Commission under
section 1451Sllbl ol the 2011 Ath.
Independenl examlner's stalement
Since the charity's gross income excee(led £250.0(N) your examiner musl be aliiember of a trlxly listed
in section 145 01 the 2011 Act. I confim) that l am qualified lo undertake the examination because l am
a member ol the Institute ol Chartered Accryjnlants in EnglaThY Wales IICAEWI. which is one ol the
listed b¢xlies.
I have compleied my examinalion. l (x)nlirm that rt) matters have come lo my alleniion in connection
wrth.the examination giving me cause to believe=
accounting records were not kept in respect of the charity as requirecl by section 386 of ihe
2006 Act. or
Ihe financial siaiements do not aecord wr(h I￿se records" or
the financial slalemenls do nol compty with Ihe account￿￿ requirements ol section 396 01 the
2006 Act other than any requirement that the accounts give a Xrue and lairf view which is not
a matter considered as part ol an independent examination: or
the financial siatements have not been prepared in accordan￿ wlh.the methods and
principles of the Statement ot Recommended Praclice for accounting and reporting by
charities applicable lo charities preparing their accounis in accordance with the Financial
Flep￿Ing Siandard applicable in the UK and Rewjblic ol Ireland IFRS 1021-

Okehampton Skills and Sporls Trust
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of Okehampton Skills and
Sports Trust (¢ontIn4￿)
Year ended 30 September 2023
I have no concerns and have come across no Other matters in connection with the examination lo wh￿h
attention should be drawn rn this report in order io enable a proper understanding ol the accounts to be
reached.
Mrs S L Walls FCCA DChA
Independent Examiner
West¢oiis ISWI LLP
7¢ Cranmere Road
Okehampton
Devon
EX20 1UE
Oale:

Okehampton Skills and Sports Trust
Company Llmiied by Guarantee
Staiement of Financial Activilies
(including income and expenditure accounl)
Year ended 30 September 2023
2022 las
reslaledl
)23
Unrestricted
. fund5 Total.lund5 Total funds
Income and endowments
Donations and legacies
Charrtable aclwilies
Investment income
428.862
168.011
2,058
569.448
2,368
569,448
2.368
Total income
571.816
571.816
598.931
Expenditure
Expenditure on charitable actNlties
Tolal expenditure
485,097
485.097
485,097
485.097
30.389
30.389
Net income and net movement in funds
86,719
86,719
568,542
Reconciliation of lunds
Total funds brought IonhTard
Total funds carried foNard
3.209.662 . 3.209.662
2.641,120
3,296,381
3,296,381
3,209,662
The statement ol financial aclivilie5 includes all ￿n5 aThY1055es recognised in the period.
All income and expenditure derive from continuing actrvilies.
The nrA•s on pages 10 to 17 forrii part of these finan¢l•l st•tement&

Okehampton Skills and Sports Trust
Company Limiled by Guarantee
Statement of Financial Posftlon
30 September 2023
2022 las
reslaledl
2023
Noie
Fixed assets
Tangible fixed assets
Invesimenls
14 3,312,076
15
3,455.648
3,312,077
3,455.649
Currenl assets
Deblors
Cash at bank and in hand
16
228.860
141.272
158,821
163,928
322,749
370.132
Creditors: amounts falling due within one year
Net current assetsl(liabilities>
Tolal assets less current liabilities
17
385,828
568.736
115,6961
3,296.381
3,296,381
{245.9871
3,209,662
3,209,662
Net assets
Funds of the charity
Unreslricled luThJs'
3,296.381
18 3.296.381
3,209,662
3,209.662
Total charity funds
For the year ending 30 September 2023 the charity was entit￿1 to exemption Irom audil under section
477 of the Companies Act 2006 relaling to small companies.
Direclors, respJnsibilities=
The members have not required the company lo oblain.an audit of ils financial stalemenls lor the
period in question in accordance with section 476-.
. The directors acknowledge their responsitslrties lor complying v￿h the requirements ol the Act with
respect lo a¢xounling records and Ihe preparation ol financial slatemenls.
These financid statements have been prepared in aca)rdance with the provisions applicable lo
companie5 subj'ect lo the small companies. regime.
e li
anc
41.yjd
slalemenls were awoved by the Ixwd of Irustees and aulhoriseLI lor issue on
nd are signed on behall of the tr￿ard by..
r S Essex
Trustee
The statement of financial position
continues on the following page.
The notes on pagts 10 10 17 form part of thÈ5e tinancial slatwnfrnls

Okehamplon Skills and Sports Trust
Company Limited by Guarantee
Statement of Cash Flows
Year ended 30 Sepiember 2023
2023
2022
Cash flows Irom operating activities
Nel income
86,71.9
568,542
.Adjusiments lor..
Other inieresl receivable'arKJ similar income
12.3681
(2,0581
Changes in..
Trade and other debtors
Trade and olhei creditors
170.0391
1182,9081
231,404
{6,7451
187.578
Cash generaled from operations
747,317
Interest received
2.368
2.058
Net cash from operatiThJ activities
233,772
749,375
Cash flows from investing acliviiies
Purchase ol tangible assets
Nel cash used in investing actwities
143,572
1669,7181
1669.7181
143.572
Net increase in cash and cash equivalents
Cash and ¢a$h equivalents at beginning of period
Cash and cash equivalents at end ol period
122,656)
163.928
79,657
84.271
141,272
163,928
The nole$ on page$ 10 to 17 form part of these flnancial $tatement&

Okehampton Skills and Sports Trust
Company Limited by Guarantee
Notes lo the Financial Statements
Year ended 30 September 2023.
Genefal Infomiallon
The charity is a public benefit entity and a prNale company limited by guarantee, regislered in
England and Wales and a registered charity ill England and Wales. The address ol the registered
office is F"airways, Tanners Hill, OkehamplCHI, EX20 4ND.
Statement ol compliance
These financial statements have been wepared in compliance with FRS 102, The Financial
Reporting Standard ap￿ICable in the UK and the Republic of Ireland., the Slalement of
Recommended Practice applicable to charrties preparing their accoun15 in accordance with Ihe
Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021 (Charities
SORP IFRS 1021} and Ihe CompanEs Act 2006.
Accounting policies
Basis of preparation
The financial statements have been prepared on Ihe hislorical cost basis, as modified by the
revaluation ol certain linancial assets and liknlrties and inveslmeni properties measured ai fair
value Ihrough income or expenditure.
The financial statements we piepared in sterling. wh￿h is the lunclional currency of the enlty.
Going concern
The accounts have been prepared on the going concem basis. The Trusiees have reviewe(J the
circufflslance5 of the Charity and consider that adequate resources continue lo be available lo
lund the actwilies of the Charity lor Ihe foreseeable lulure. The Trustees have assessed thai ihe
Charrty has suflicienl cash balances to fflrtigale any potential impact arising.
Fund accounting
Unreslricled funds are available for use al discretion of the Iruslees to further any ol the
charity's wrposes.
DeswJnated funds are unrestricted funds earmarked by Ihe trustees foT a particular future project
of commitment.
Restricted funds are subjected to reslfidions on their expenditure declared by the donor or through
the terms of an appeal arKS lall into one ol tsvo sv￿Classes.. TeslrTrued income lunds or endowment
funds.
Incoming resources
All income is included in the slatement ol financid *Nities when entillemenl has passed lo the
charity. Il is probable that the economic benefits associated with the Iransaclion will flow lo the
charity arKJ the amount can be Teliably measured. The folk>wir¥J specific policies applied lo
particular categories of income-.
10

Okehampton Skills and Sports Trust
Company Llmlted by Guarantee
Noles to the Financial Statements (ciw
Year ended 30 September 2023
Accounting policles {¢ortllm*J
Incoming resources fcontinuedj
income from donaiions or granis is recoJnised when Ihere is evidence ol enlillement lo the gift.
re￿Ipl is probable arKI r(s amount can be measured reliably.
income Irom donaled goods is
measured at the lair value ol the goods unless this is impraclul lo measure ie14ably. in which case
the value is derNed from ihe cost to the donor or the esiimated resale value. Donated facilities and
services are recognised in the accounts when Te¢eived rf the value can be reliably measured. No
amounts are included lor the conlfitxilion ol general volunteers.
Resources expended
ExFenditure is recognised on an accruals basts as a liability is incurred. Expenditure incluoles any
VAT which cannol fully recoveied. and is dassilied under headir4Js of the statement ol financial
aetivilies lo which il relales..
expenditure on raising funds includes the costs of all fundraising activities, events, non-
charitable trading aclivilies. the sale ol donaled gC*JJs.
expenditure on charitable aciivilies includes all cos15 IrKurred by a charity in undertak.ing
activities Ihal luflher ils charitable aims lor the benefit of ils beneficiaries, including those
supwrt costs and costs relating to the governance of the charity apFOrtioned lo charitable
a¢iivities.
other expenditLJre includes all expendtlure that is neiiher related lo raising lund5 lorlhe tharily
nor part of ils expendilure on charitable activilies.
All costs are allccated lo expenditure categories relleclirYJ the use ol the resouT¢e. Direct costs
allribulable lo a single activity are allccaled direclly lo Ihat aclivily. Shared costs are apportioned
between the activtties they wntribute to on a reasonable, justifiable and consisleni basis.
Tangible assets
Tangible assets are inilially recorded al cost. and SUbs￿UentIY slated at cosl less any accumulated
depreciation and impairmenl losses. Any tangible assels carried al revalued amounts are recorded
al the fair value al the date of revaluaiion less any subsequent accumulated depreciation and
subsequent accumulated impairment losses.
Depreciation is charged so as to allocate the cost of lang￿e fixed assets less their residual value
over their estimaled uselul lives.
Deprecialion is provided on Ihe f(Alowing bases..
Freehold land- Noi depreciated
Assets under con5truclion- Nol depreciated until br￿ght in to use
Investments
Unlisted equity investments are inilially recorde(l al ￿￿1, and subsequently rneasureLI al lair value.
11 fair value cannot be reliably measured. assels a￿ measured al cost less impairment.
Listed inveslmenis are. measured at fair value wilh thahges in fair value being reccgni5ed in
income or expendrture.
11

Okehampton Skills and Sports Trusl
Company Limited by Guarantee
Notes lo the Financial Statemenls (¢0th1￿)
Year ended 30 September 2023
Accounting policies
Impalrnient of lixed'¥ssets
A review indicators ol impaimienl. is carried out at each reporting dale. with the recoverable
amount LEing estimaled where such indicalors exist. Where the carrying value exceeds the
recoverable amounl. the asset is impaired accordingly. Prior impairments are a150 reviewed for
possible reversal ai each retKJrting dale.
Financial instrurnents
A financial asset or a finartial liability is recognised only when the enlily becomes a party lo the
coniractual provisions of the inslrumenl.
Basic financial instruments are initially reeognised al the amourrt recewable or payable including
any related transaction costs, unless the arrangemenl conslilules a financing transaction, where it"
is recognised al the presenl value of the lulure payments diswunted al a market rale of inleresl
lor a'similar debt instrument.
Current assets and current liabilities are subsequently measured al the cash or other ￿nSideration
expected to be paid or received and nol discounle(l.
Debt inslruments are sub5equenlty measured at amrti5ed t￿.
Limited by guaranlee
Okehampton Skills arKI Sports Trust Is a company limited by guarantee and accordingly does not
have share capital.
Every memter of the company undertakes lo contribute such amount as may be required. not
exceeding £1. to the assets of the charitable company in the event ol it being wound up while he
or she is a member, or within one year after he or she ceases lo be a member.
12

Okehampton Skills and Sports Trust
Company Limited by Guarantee
Notes to the Financial Statements (conUmi¢
Year ended 30 September 2023
Donations and legacies
Unrestricted Total Funds . Unreslricled Total Funds
Fu￿lS
Funds
2022
Donations
Donations
Gift aid
325,000
103,862.
325.000
103,862
428,862
428,862
Charitable a¢tivities
Unreslrict&l Tolal Funds Unrestricted Total FurKJs
FuThJs
2023
Funds
2022
Sale ol. leases
Rental income
468,000
101,448
569.448
468,000
101,448
141,000
27,011
168,011
141,000
27-,011
168.011
569,448
Inve51menl incorne
Unreslricled Total Funds Unre51ricted Total Fvnds
Funds
2023 .
Funds
2022
Iniercompany k)an interest
2.368
2,368
2.058
2,058
Expenditure on charitable activities by fund type
Unrestricled Total Funds Unreslricled Total Funds
Funds
2023
Funds
2022
Charitable activities
Supwrt costs
483.504 483,504
1,593
1,593
485,097
26,913
3,476
26.913
3,476
30,389
485.097
30.389
13

Okehampton Skills and Sports Trusl
Company Limited by Guarantee
Notes to the Financial Slatemenls (eoniiftu
Year ended 30 September 2023
Expenditure on charitable activities
Unrestr￿e￿ Tolal 2023
Total 2022
Leasehokl costs released
Rates ar￿ water
L￿h1 and heat
Insurance
Cleaning and site amenities
Advertising and marketing
Flepairs and mainlenance
Letting agent lees
Other prolessiond services
Security
Subscriptions
Telephone
Bank charges
Sundry expenses
400,Oi
2.201
854
6,692
6.669
2.841
400.000
2.201
854
6.692
6,669
2.841
2.445
52,116
4,073
2.894
72
1,996
351
301
1,922
5.746
3,408
2,270
381
5,734
5,508
52,116
4.072
2,894
72
1.996
351
301
476
992
348
128
483,504
483,504
26,913
10. Analysls ol support costs
Unrestricted T.otal 2023 Total 2022
Governance costs
1.593
1,593
3,476
1.593
1,593
3.476
11. Indepe.ndent examination lees
2023
2022
Fees payable lo the irKleperKlenl examiner for..
Independent examination ol the linancial statements
1.000
.1,000
12. Staff costs
The average head count of employees duriw the perth was Nil12022.. Nill.
No employee receNed empbyee benefits of more than £60,(MX) during the period12022.. Nil).
13. Tiuslee remuAeratlon and expenses
During the period, no Twslee ieceived any reMuneral￿n or benefits12022-. £nill-
During the per*?d, no Trusiee expenses have been irturred12022: £nill.
14

Okehampton Skills and Sports Trust
Company Limited by Guarantee
Notes to the Financial Slatements f(¥%th￿l
Year ended 30 Seplember 2023
14. Tangible lixed assets
Freehold Assels under
property construction
Toial
Cost
Ai 1 October 2022
Additions
Transfers
DIS￿saI$
At 30 September 2023
Depreciation
At 1 October 2022 and 30 Seplember 2023
Carrying amount
AI 30 September 2023
AI 30 September 2022
156.779
3.298.869
256.428
3.555.297 13,555,297)
14C4).0001.
3,312.076
3.455,648
256,428
1400.0001
3.312,076
3,312,076
3,312.076
156.779
3.298,869
3.455,648
15. Investments
Shares in
group
undertakings
Cost or valuation
At 1 October 2022 and 30 September 2023
Impairrnenl
At 1 October 2022 and 30 September 2023
Carrying amount
At 30 September 2023
At 30 Sepiwiber 2022
All investments shown above ￿ heky al valuatw)n.
16. Oebtor5
2023
2022
Amounts owed by group urKlertakings
Prepayments
Oeblors
192,516
1,047
35,297
228,860
157,860
961
158,821
15

Okehampton Skills and Sports Trust
Company Limiled by Guarantee
Noles to the Financial Slatements {Coftdm￿
Year ended 30 September 2023
17. Creditors: amount5 falling due within one year
2023
2022
Trade crediiors
Accruals and deferred income
Social security arKI other laKes
Trustee loan
26.580
5,700
33,258
320,290
1,208
7,500
29.737
530,290
385.828
568,735
18. Analysis of charitable lunds
Unrestri¢ted funds
Al 1 Odober
2022 las
restated)
At30
Transfers September 2023
Income Expenditure
General funds
3,209,662
571.816
1485,0971
1485,0971 .
3.296,381
3,296,381
3.309,662
571,816
Al
1 September
2021 (as
restated)
At30
September
2022 las
reslatedl
Ir￿me Expenditure
Transfers
General funds
Development ol fixed
assets
168.011
(30,3891 3,072.040
j&,072,0401
3.209.662
2,641.120
430,920
2.941.410
598,931
(30,3891
3.209.662
All charity funds tlave been Iranslerred lo the general fvrKI upon the commencement of operation5
at the stle, with rents being received and leases being sokl.
19. Prior Year Adjustment
. When preparing the 2023 accounts, it was Kdenlified thai sums PTeviousty analysed as donations
from the Iruslees, were aclually a loan from one ol the Iruslees. These funds have provided working
capital, arKI repayments are now beiftg made as the Charity sells the lease's at the site.
For clarity we have reslaled ￿1 ot the comparalive Igures to gNe sensjble comparative loqures.
16

Okehampton Skills and Sports Trust
Company Limiied by Guarantee
Noles io.the Financial Slatemenls (¢oAtlnu6dJ
Year ended 30 September 2023
19. Analysis of nei assets between funds
Unresliicled Total Funds
FuThJs
2023
TangTI Jle fixed assets
Investments
Current assets
Creditors less Ihan one year
Net assets
3,312,076
3.312.076
370.132
370,132
1385,828} 1385,828)
3,296.381
3,296,381
Unrestricted Tolal Funds
Funds las
2022 {a5
reslaledl
reslaledl
Tangible fixed assets
Investments
Current assets
Crediiors less than one year
Nel assets
3.455,648
3.455..648
322,749
1568.7361
3,209,663
32,749
1568.7361.
3,209,663
20. Analysis of changes in debt
At 30 Sept
2023
Al 1 Oct 2022 Cash flows
Cash al bank and in hand
163.928
122,6561
141,272
21. Related parties
During the peric#J, thnalions amounling lo nil12022: £325.0001 were received from Mr S Essex, a
Irustee of the charity-
Al the yew end Mr S Essex, a Iruslee, had a kjan to the charity of £320.29012022: £530.2901. This
loan is la wovide short leim wothirKJ capital to the charity and ts being repaid as aThJ when funds
Fermit. No interest is t￿ing charged on this loan.
17