**Charity number: 1183438** ## **EXETER CONSORTIUM CIO** ## **UNAUDITED** **TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024** ## **EXETER CONSORTIUM CIO** ## **CONTENTS** ||Page| |---|---| |**Reference and administrative details of the Charity, its Trustees and advisers**|1| |**Trustees' report**|2 - 7| |**Independent examiner's report**|8 - 9| |**Statement of financial activities**|10| |**Balance sheet**|11| |**Notes to the financial statements**|12 - 25| **EXETER CONSORTIUM CIO** ## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2024** **Trustees** Richard Satterly, Chair Kevin Martin, Trustee David Louis Solomides, Trustee Peter Cobbold, Trustee **Charity registered number** 1183438 **Principal office** Countess Wear Community School Glasshouse Lane Exeter EX2 7BS **Key management personnel** Mark Drew (Business Manager) **Accountants** Griffin Chartered Accountants Courtenay House Pynes Hill Exeter EX2 5AZ Page 1 **EXETER CONSORTIUM CIO** ## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 AUGUST 2024** The Trustees present their annual report together with the financial statements of the Exeter Consortium CIO for the year ended 31 August 2024. ## **Objectives and activities** ## **a. Policies and objectives** The objectives of Exeter Consortium, which are outlined in the Constitution of the CIO dated 15 May 2019 are: The advancement of education for public benefit by: - promoting the efficiency and effectiveness of educational institutions and the efficient and effective application of resources for such purposes including by promoting and disseminating models of good practice and by the delivery of support services generally to such institutions; - advancing the education of people who work or volunteer in, or govern, educational institutions in order to assist those persons to deliver a high quality education to the pupils and communities served by those institutions. In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'. ## **b. Main activities undertaken to further the Charity's purposes for the public benefit** The charity works with schools in and around Exeter to improve the quality of learning for their pupils. Working in partnership, Exeter Consortium are training the next generation of teachers and provide a comprehensive programme of professional development aimed at improving the quality of teaching and learning. Page 2 **EXETER CONSORTIUM CIO** ## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024** ## **Objectives and activities (continued)** ## **Training and development opportunities for staff at all levels.** This includes courses, programmes and networks for teachers, leaders, administrators and business managers, support staff, volunteers and governors. During the period of this report the charity hosted 52 CPD events which were attended by over 1200 delegates. The following courses and networks were provided free of charge: - Early Years Foundation Stage Subject Leader Briefings with Early Excellence - School Business Managers Professional Community - Primary SEND Professional Community - Equality & Diversity Professional Community - Personal, Social, Health and Economic Professional Community - Secondary SEND Professional Community - Religious Education Professional Community - Secondary Computing Professional Community - Estates Management Professional Community - Primary Art Professional Community All other programmes are delivered _at cost_ to enable more people to attend from our member schools. These programmes included: - Advanced Coaching for Senior Leaders - Passive Intervention and Prevention Strategies Training - Income Generation for Schools Programme - Teaching Assistants Training: Supporting Pupils with SEND - Lego Therapy - First Aid - Paediatric First Aid - Understanding Sensory Processing Difficulties - Teaching Assistants Training: Promoting Positive Interactions in the Primary Classroom - Effective School Marketing - Recruitment, Reputation and Revenue - Coaching for Leaders - Teaching Assistants Training: New _to_ the Role - Understanding 'schematic concepts' in provision and practice to enhance learning potential and reduce inequality in learning opportunities - Writing Moderations Year 1 to Year 6 - Moderations of Assessments in EYFS - Supporting Females on the Autistic Spectrum - Understanding self regulation skills & their development: the role of the educator in supporting inclusion, equity, transition and enhanced academic outcomes - School Leadership Conference Page 3 **EXETER CONSORTIUM CIO** ## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024** ## **Objectives and activities (continued)** ## **Initial Teacher Training including a Primary PGCE programme.** We work in partnership with over 100 schools across Devon to deliver an exceptional opportunity to learn to teach in local schools with outstanding providers. A total of 35 trainees on primary school based 3-7 programmes and primary school based 5-11 programmes during academic year 2023- 2024. 34 trainees attained Qualified Teacher Status in the Summer of 2024. 1 trainee deferred their training to the following academic year. The charity works very closely with the member schools to assess need and provide programmes that support those needs to improve outcomes for children. Feedback is received from course participants to continually improve the programmes we offer and we liaise regularly with senior leaders to ensure the programmes we provide meet the needs of the schools. The charity aims to continue to grow the range of programmes it offers for schools and work in partnership with a wide range of organisations to ensure schools have access to the best professional development and initial teacher training. ## **Achievements and performance** ## **a. Main achievements of the Charity** During the period of this report the charity organised 52 CPD events which were attended by over 1200 delegates. 30 free course sessions were delivered across the 12 month period. 35 trainees on primary school based 3-7 programmes and primary school based 5-11 programmes during academic year 2023-2024. 34 trainees attained Qualified Teacher Status in the Summer of 2024. ## **Financial review** ## **a. Going concern** After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies. Page 4 **EXETER CONSORTIUM CIO** ## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024** ## **b. Reserves policy** The charity aims to hold reserves to enable us to protect our ongoing core work ensuring we continue to provide a high quality Primary Initial Teacher Training (ITT) Programme and offer our wide ranging CPD programme. The reserves will be used to help manage uncertainty and to support new services and areas of work. Trustees consider it necessary to hold enough funding in reserve to be able to cover staff salaries and office costs for a period of 12 months, which is approximately £210,000. This will ensure that the chairty is sustainable should no income be achieved for that period of time. During the period, the charity received total income of £368,928 and had total costs of £365,205 giving a surplus of £3,723. Total funds carried forwards at the year end were £324,243 of which £2,875 was restricted. ## **c. Principal funding** The charity’s principal sources of funds are: - Initial Teacher Training income - Course fees Page 5 **EXETER CONSORTIUM CIO** ## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024** ## **Structure, governance and management** ## **a. Constitution** Exeter Consortium CIO is a registered charity, number 1183438, and is constituted under a Charity Commission Scheme. ## **b. Methods of appointment or election of Trustees** The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Charity Commission Scheme. ## **Plans for future periods** Charity plans for 2024-2025: ## **Initial Teacher Training** - Continue to improve and deliver high quality school based Primary ITT programmes - Improve the retention of teachers through high quality support and training in the early stages of their careers - Increase employment rates on completion of QTS and PGCE - Recruit high quality trainees - Develop and expand the programme, with a focus on the Plymouth hub and the North Devon hub - Support for trainee’s post programme completion Professional Development - Develop and deliver a high quality CPD programme to meet the needs of teachers and support staff across member schools - Work in partnership with SWIFT to expand the CPD offer for schools and enable access to an enhanced offer - Continue as a strategic partner of SWIFT to enable schools to access the full range of programmes Page 6 EXETER CONSORTIUM CIO TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2024 Statemant of Trusts•s' r•ipon¥lblllil•• The Trusteos arg r88ponslblg for preparing the Trustees, report and the financial stst8m8nls In accordance wlth appllcable and Unlled Klngdom Accounting Standard5 (Unlted Kingdom Ganefally Accepted Accounting Practice). The Igw applicable lo charllles In England & Wal08 requlres thè Tru8tee$ to prepare flnarthl 8tstements for oach financial whlch glve a true arKI fair vigw of Ihe state of affalr8 of the Charity and of Its Incomlng resources Ond Application of resources. hduding its Incomo and expendlturn, ftjr that perk#J. In preparlng th888 finandal 81otements. the Trustee$ are required lo.. select witsble accountlng p)licies and thon apply thgm con8181ently'. observe the method8 and prfnciples of the Charlll6s SORP IFRS 1021: makè Sudgmgnts 8nd aGcounling e811male8 that are reasonable and prudènl-, s1818 whether 8ppllc8ble UK Accounllng Stsndards IFRS 1021 h8ve been fdlrywed, 8uble¢t to any m8terial departures disdosed and exp18ined In th8 finand81 ststemenls; prepare the flnonclal 8talements on tho golw concern ba81$ unb8881118 Inappropdato to pr68ume that th8 Charity wlll conllnue In ￿siness. The Tru$le8s are r8spon81ble for keeping ad8qual8 accounllng records that are sufflcl8nl to ghow and explaln the Ch8rlVs tran88Ctlon3 and dlsclose w￿h reasonable 8ccur8cy al any Ilme the flnanclal posltlon of the Charlty and enable them to ensure that the flnanclal sla18menls compty wllh Ihe Chartues Act 2011, the Charlty IAcGounls and Reportsl Regulations 2008 8nd the provisions of thg Ch8flty Commisslon Schame. They are also responsible for safeguardlng the 88sels of the Cha￿ty and hence lor tsklNJ reasonable Steps for the preYenth)n and d6tection of fraud 8nd other *rngularlU8s. Approved by order of th6 member8 ofthe board of Tru8te88 1)n 17. 3,2 gand $igned on thelr b8h8lf ty. Rlchard S•ttorfy Ch81r of Trustee5 Page 7 EXETER CONSORTIUM CIO INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 AUGUST 2024 Independent examin¢T'S report to the Tru$tee¥ of Exeter Consortlum CIO I'the Charlty'l I report lo the charity Trustees on my examinatlon of the accounts of the Charity for the year ended 31 August 2024. Responslbllltles and basis of report As the Trustees of th8 Charity you are rèsponsible ft)r th8 prepar811on of the a￿Unts In accordance wlth th8 requirements of the Charltles Act 2011 Ilhe 2011 Acr). I report In respect of my examln8t6on of the Charity's accounts carded out und8r 88clion 145 of the 2011 Act and In ¢arrwng out my examinallon I hav8 followed thè applicable Direcllons glven by the Charlty Commlssion under secuon 145151{b) of th& 2011 Act. Independent examIn0￿$ statement Slnce the Charit￿S gross Income exceeded £250,000 your examiner must be a member of a body Ilsted In S8cllon 145 of the 2011 Act. I conflrm that l am qualmed to undertake the 8xamlnatlon b8cau501 am a momb8r of the ICAEW, whlch18 on8 of tho Ilsled bodles. Your attention Is drawn to the fact that the Ch8rfty has prepared th& acwunts In 8¢¢0rdance with Accounllng ond Reportlng by Charliies.. Slal8menl of Recommendod Practlce appllG8ble lo charitle$ prgparlng Ihelr accounts In aGcordance wllh th6 Flnancl81 Reportlng Standard appll¢ablo In th8 UK and Republlc of Irelan IFRS 1021 In preference to the Accountlng and Reportlng by Charlll8s'. Ststement of Recommgnded Practlc& Issued on 1 Aprll 2005 whlch Is raferred lo In the extant r8gulallon8 but has been wlthdrawn. l understsnd that this has been donè In order for the 8ccounts to provlde a Iwa and falr vlew In accordance wllh the Genèrally Acc&pted Accounllng Pracllca effectlve for reporting p8rlods beginning on or after 1 January 2015. I hav8 completed my 8xamin81ion. I confirm that no matters have wm& to my attentson In ￿nneCtIOn whh th8 examlnallon giving me cause lo bellgve that In any malofial respect: acGountlng records worg not kept In respect of the Chaiity as rgqulrod by sectlon 130 of the 2011 Art., or the accounts do not a¢cord with those records; or the accounts do not comply with th& appllcable rgquirements con¢erning the form and content of a¢¢ounts sel out in th8 CharitSes (Accounts and Reports) Regulations 2008 other than any requirement that thè acwunts give a 'true and falrf vlew whieh is not a matter consid8TOd as part of an independent exominallon. Page 8 EXEfER CONSORTIUM CIO INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 I have no concerns and have come across no other matters In connection with the examln8tion to which attenllon should be drawn In thls report in order to enable a proper understandlng of the accounts to bg reached. Thls report is madg solely lo the Charitys Trustees, as a body, in accordance with Part 4 of the Chari1188 IAGtt)unts and Reports) Regulatlons 2008. My work has been undertaken so that I mlght stsle to Ihg Charity'8 Trusteos those mattars l am required to 8tste to them in an Ind8p8ndenl examiner's report and for no other purpose. To the fullest extent permltted by law. I do not accept or assume responsSbility lo anyono other than the Charlly and the Charws Trustee5 88 8 body, for my work or for th58 report. SSgned'. Laur8 Waycott Qrlffln Ch8rt8red Accountants Courtenay House Pynes Hlll Exéter EX2 5AZ Dated: l¥lQ20zr FCA Page 9 EXETER CONSORTIUM CIO STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST2024 Restrlcted Vnrestrlcted funds funds 2024 2024 Total funds 2024 Totsl funds 2023 Note Income from: Charitable acllvilles other Income 367,388 1,540 367,388 362,6t2 1,514 Total incomè 368,928 388.928 364,126 Expendlturè on: Charitable aclivlU88 2,000 363.525 365,525 340. 797 Total expendlturè 2,000 363.525 365,525 340, 197 Net lexpondlturèlllncom• before net galns on Investments Nel gains on inve8tmenl8 (2,0001 5.403 4,531 3,403 4,531 23.929 Ngt movement In funds 12,000) 9.934 7,934 23,929 Roconclllatlon of funds: Total funds brought forward Nel movement in funds 4,876 (2,000) 311,114 9,934 315,989 7,934 292,060 23,929 Total lund8 ¢arrl•d lorward 2.875 321,048 323.923 315,989 The Slalamenl of financial activi11gs Includes all galns and108ses recognised in the year. Th8 notgs on pages 12 to 25 form part ol these financial slalemenls. Page 10 EXETER CONSORTIUM CIO BALANCE SHE FOR THE YEAR ENDED 31 AUGUST 2024 2024 2023 Note Flxed assets Tangibl8 assets 11 8,114 10,404 8,114 10,404 Currgnt a$86ts Debtors Investments Cash at bank and In hand 12 13 3,869 53.854 300.525 4,519 49,323 302.004 358.248 355.846 Crodilors.. amounts falling due within ono year 14 142,439) (50,261) Not Gurr•nt a8•0ts 315,809 305.585 Totsl a••ets 1088 currgnt Ilabllltles 323,923 315,989 Net aliets excludlng ￿nsIon as• 323,923 315,989 Total net a•8015 323,923 315,989 Charfty fund¥ RoslriGled funds Unreslricled fund$ 15 15 2.875 321,048 4,875 311,114 Tolal funds 323.923 315,989 The financlal 8tat8menls w9r8 approved and aulhorf8ed for issue by the Trustees on and signed on Ihgir behalf by.. Rlchard Satterly Chair of TN8tees The nole8 on pages 12 10 25 fomi part of these fln8ncial statements. Page11 EXETER CONSORTIUM CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Ganeral informatlon Exeter Consortium CIO 18 a Charitable Incorporated Organisalion registered In England & Wal95. Its reglstered offlcè address is Countess Wear Commmunity School, Glasshouse Lane, Exet8r, EX2 78S. AG¢ountlng policies 2.1 8asls of preparation ot Ilnanclal Statements The financlal ststemenls have been prepared in a￿ordanCe wlth the Charllles SORP IFRS 1021- Aceountlng and Reporting by ChariUes- Ststement of Recommended Practice applicable lo charitiès Prepa￿ng thelr 8ccounts in accordanc8 with the Flnancial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191, th8 Fin¥nGial Reportlng Standard applicabl8 In the UK and Republ1¢ of ITeland {FRS 1021 and the Chartties Act 2011. The fin8nci81 stst&ments have been prepared lo glve a 'true and fafj￿ vlow and have departed from the Charities (Accounts and Reports) Regulalions 2008 only lo the extent requir8d to provide a 'lrue and falrf vlew. This departure has involved following the Charities SORP IFRS 1021 publish•d in October 2019 r8lher than the Accounting 8nd Reportlng by Charftte8: Slat8ment of Recommendeé Practice eff6cUve from 1 April 2005 whlch ha8 8ince begn withdrawn. Exèter Consortlum CIO meets the definition of a publlc bèn8fll ontily und&r FRS 102. Assets and Ilabililles 8re Inlllally r8¢ognisgd at hl8lorlcal G031 or transactlon value unl6ss otherwlse slated In the relevant aocountlng pollcy. 2.2 Golng concgrn The Tru8tee8 have considèrèd the financlal posltlon of the Chadty lor a period of at least 12 months from th8 datè of signing the accounts, includlng f8clorlng the ￿ar end reserves posillon and post year end income and exp8ndllure, and oxpecl the Charity lo ¢onlinue as a goong concorn and have prepared the accounts on this basis. 2.3 Income l incom8 Is rgcognlsed once the Charlty has enllll8rnenl lo tho income, It Is probable that the income will bg receSved and the amount of income receivable can ba m8osured raliably. The recegnlllon of Income from legacies is dependent on establishlng enlitl&ment, the probablllty of receipt and the ability to estimate wllh sufficl&nt aGcuraGy the amoL¢nt receivable. Evidence of enlillement lo a legacy exists when the Charity has sufficlent evldènce thal a gift has been left lo Ihom Ilhrough knowledge of thg oxistence of a valid will and the death of the benefactorl and the executor is satisfied that the property In quesllon will not be required to salisty claims in the eslale. Recelpl of a18gacy must be recognised when il is probable that it wlll bè received and the fair value of the amount receivable. which will ggn8rally be th8 expeGted ¢ash amount to be dislribut¢d lo the Charty, can be reliably measured. Other incomg Is recognised In th8 poriod in which It is receivable and to the extent the g¢)od$ have been provided or on completlon of the seNice. Pagg 12 **EXETER CONSORTIUM CIO** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024** ## **2. Accounting policies (continued)** ## **2.4 Expenditure** Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs. All expenditure is inclusive of irrecoverable VAT. ## **2.5 Tangible fixed assets and depreciation** Tangible fixed assets costing £100 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost. Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis: - Plant and machinery 5 years straight line ## **2.6 Investments** Current asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of financial activities. ## **2.7 Debtors** Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. ## **2.8 Cash at bank and in hand** Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Page 13 **EXETER CONSORTIUM CIO** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024** ## **2. Accounting policies (continued)** ## **2.9 Liabilities and provisions** Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost. ## **2.10 Financial instruments** The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. ## **2.11 Pensions** The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year. ## **2.12 Fund accounting** General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Page 14 **EXETER CONSORTIUM CIO** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024** ## **3. Critical accounting estimates and areas of judgment** Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. ## Critical accounting estimates and assumptions: The Charity makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below. ## Critical areas of judgment: The Charity has provided estimates relating to depreciation of fixed assets. These assets are depreciated over their estimated useful life. ## **4. Income from charitable activities** |Teacher Training
_Restricted_
_funds_
_2023_
_£_
Teacher Training
_8,250_|**Unrestricted**
**funds**
**2024**
**£**
367,388
_Unrestricted_
_funds_
_2023_
_£_
_354,362_|**Total**
**funds**
**2024**
**£**
**367,388**| |---|---|---| |||_Total_
_funds_
_2023_
_£_
_362,612_| Page 15 **EXETER CONSORTIUM CIO** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024** ## **5. Other incoming resources** |Interest received
Dividend income from investments
Interest recieved
Dividend income from investments|**Unrestricted**
**funds**
**2024**
**£**
24
1,516
1,540
_Unrestricted_
_funds_
_2023_
_£_
_23_
_1,491_
_1,514_|**Total**
**funds**
**2024**
**£**
**24**
**1,516**
**1,540**
_Total_
_funds_
_2023_
_£_
_23_
_1,491_| |---|---|---| |||_1,514_| ## **6. Analysis of expenditure on charitable activities** ## **Summary by fund type** |Teacher training costs
Teacher training costs|**Restricted**
**funds**
**2024**
**£**
2,000
_Restricted_
_funds_
_2023_
_£_
_3,375_|**Unrestricted**
**funds**
**2024**
**£**
363,525
_Unrestricted_
_funds_
_2023_
_£_
_336,822_|**Total**
**2024**
**£**
**365,525**| |---|---|---|---| ||||_Total_
_2023_
_£_
_340,197_| Page 16 ## **EXETER CONSORTIUM CIO** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024** ## **7. Analysis of expenditure by activities** |Teacher training costs
Teacher training costs
**Analysis of direct costs**
Course Expenditure|**Activities**
**undertaken**
**directly**
**2024**
**£**
136,303
_Activities_
_undertaken_
_directly_
_2023_
_£_
_150,028_|**Support**
**costs**
**2024**
**£**
229,222
_Support_
_costs_
_2023_
_£_
_190,169_
**Total**
**funds**
**2024**
**£**
**136,303**|**Total**
**funds**
**2024**
**£**
**365,525**| |---|---|---|---| ||||_Total_
_funds_
_2023_
_£_
_340,197_| ||||_Total_
_funds_
_2023_
_£_
_150,028_| Page 17 **EXETER CONSORTIUM CIO** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024** ## **7. Analysis of expenditure by activities (continued)** ## **Analysis of support costs** |Staff costs
Office costs
Rent
Insurance
Telephone
IT costs
Printing, stationery and postage
Accountancy
Meeting expenses
Travel costs
Depreciation
Profit/loss on sale of assets
Advertising
Bad debt
Revaluation of investment|**Total**
**funds**
**2024**
**£**
**208,093**
**307**
**7,000**
**306**
**778**
**1,383**
**1,283**
**2,691**
**631**
**192**
**4,576**
**738**
**924**
**320**
**-**
**229,222**|_Total_
_funds_
_2023_
_£_
_171,289_
_323_
_3,667_
_709_
_882_
_1,730_
_1,003_
_2,038_
_611_
_23_
_4,259_
_-_
_2,958_
_-_
_677_| |---|---|---| |||_190,169_| ## **8. Independent examiner's remuneration** The independent examiner's remuneration amounts to an independent examiner fee of £708 _(2023 - £674)_ , and accounts preparation of £1,169 ( _2023_ - _£1,045_ ). ## **9. Staff costs** |Wages and salaries
Employers national insurance
Employers pension contributions|**2024**
**£**
**189,330**
**14,166**
**4,597**
**208,093**|_2023_
_£_
_156,285_
_11,158_
_3,846_| |---|---|---| |||| |||_171,289_| Page 18 **EXETER CONSORTIUM CIO** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024** ## **9. Staff costs (continued)** The average number of persons employed by the Charity during the year was as follows: |**2024**|_2023_| |---|---| |**No.**|_No._| |**6**|_5_| No employee received remuneration amounting to more than £60,000 in either year. The key management personnel of the charity is the Business Manager. The total employee benefits of the key management personnel of the charity is £48,049 (2023 - £49,129). ## **10. Trustees' remuneration and expenses** During the year, no Trustees received any remuneration or other benefits _(2023 - £NIL)_ . During the year ended 31 August 2024, expenses totalling _£_ 22 were reimbursed or paid directly to 1 Trustee _(2023 - 23_ ) Page 19 **EXETER CONSORTIUM CIO** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024** ## **11. Tangible fixed assets** |**Cost or valuation**
At 1 September 2023
Additions
Disposals
At 31 August 2024
**Depreciation**
At 1 September 2023
Charge for the year
On disposals
At 31 August 2024
**Net book value**
At 31 August 2024
_At 31 August 2023_
**12.**
**Debtors**
**Due within one year**
Trade debtors
Other debtors
**13.**
**Current asset investments**
Unlisted investments|**2024**
**£**
**915**
**2,954**||**Plant and**
**machinery**
**£**
**21,294**
**3,024**
**(1,441)**
**22,877**
**10,890**
**4,576**
**(703)**
**14,763**
**8,114**
_10,404_
_2023_
_£_
_1,565_
_2,954_| |---|---|---|---| ||||| ||||| ||||| ||||| ||||| ||||| ||||| ||**3,869**||_4,519_| ||**2024**
**£**
**53,854**||_2023_
_£_
_49,323_| Page 20 **EXETER CONSORTIUM CIO** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024** ## **14. Creditors: Amounts falling due within one year** |Trade creditors
Other creditors
Accruals and deferred income
Deferred income at 1 September 2023
Amounts released from previous periods|**2024**
**£**
**3,463**
**910**
**38,066**
**42,439**
**2024**
**£**
**44,443**
**(8,254)**
**36,189**|_2023_
_£_
_3,412_
_687_
_46,162_
_50,261_
_2023_
_£_
_45,397_
_(954)_
_44,443_| |---|---|---| At the balance sheet date the charity was holding funds received in advance of £36,189 from Devon County Council and Lloyds, for projects taking place in the next financial year. Page 21 **EXETER CONSORTIUM CIO** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024** ## **15. Statement of funds** ## **Statement of funds - current year** |**Unrestricted funds**
**Designated funds**
Learning Community/ Instead
Joint Action Research
School to School Support
Early Years Project
Inclusion Forum Funds
**General funds**
General funds
**Total Unrestricted funds**
**Restricted funds**
ITT Accreditation
**Total of funds**|**Balance at 1**
**September**
**2023**
**£**
**11,100**
**994**
**5,694**
**4,779**
**17,001**
**39,568**
**271,546**
**311,114**
**4,875**
**315,989**|**Income**
**£**
**-**
**-**
**-**
**-**
**478**
**478**
**368,450**
**368,928**
**-**
**368,928**|**Expenditure**
**£**
**(3,398)**
**(994)**
**(200)**
**-**
**(2,141)**
**(6,733)**
**(356,792)**
**(363,525)**
**(2,000)**
**(365,525)**|**Gains/**
**(Losses)**
**£**
**-**
**-**
**-**
**-**
**-**
**-**
**4,531**
**4,531**
**-**
**4,531**|**Balance at**
**31 August**
**2024**
**£**
**7,702**
**-**
**5,494**
**4,779**
**15,338**| |---|---|---|---|---|---| ||||||**33,313**| ||||||**287,735**| ||||||**321,048**| ||||||**2,875**| ||||||**323,923**| Page 22 **EXETER CONSORTIUM CIO** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024** ## **15. Statement of funds (continued)** ## **Statement of funds - prior year** |**Unrestricted funds**
**Designated funds**
Learning Community/ Instead
Joint Action Research
School to School Support
Early Years Project
Inclusion Forum Funds
**General funds**
General funds
**Total Unrestricted funds**
**Restricted funds**
ITT Accreditation
**Total of funds**|_Balance at_
_1 September_
_2022_
_£_
_14,058_
_2,374_
_5,694_
_4,779_
_18,492_
_45,397_
_246,663_
_292,060_
_-_
_292,060_|_Income_
_£_
_-_
_-_
_-_
_-_
_1,075_
_1,075_
_354,801_
_355,876_
_8,250_
_364,126_|_Expenditure_
_£_
_(2,958)_
_(1,380)_
_-_
_-_
_(2,566)_
_(6,904)_
_(329,918)_
_(336,822)_
_(3,375)_
_(340,197)_|_Balance at_
_31 August_
_2023_
_£_
_11,100_
_994_
_5,694_
_4,779_
_17,001_| |---|---|---|---|---| |||||_39,568_| |||||_271,546_| |||||_311,114_| |||||_4,875_| |||||_315,989_| Page 23 **EXETER CONSORTIUM CIO** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024** ## **15. Statement of funds (continued)** The specific purposes for which the funds are to be applied are as follows: ## **Learning Community/ Instead** Learning Community - Funding for school led projects identified by senior leaders across the 3 Exeter Learning Communities. Instead - Funds for schools to undertake reviews following the NAHT review programme. ## **Joint Action Research** Funding for projects which identify solutions to common issues affecting pupil progress. ## **School to School Support** Funds allocated to enable SLE’s, LLE’s and NLE’s to support schools in need of additional help to improve in identified areas. ## **Early Years Project** Learning Community Funds for a specific focus on EYFS. ## **Inclusion Forum Funds** Primary Support Partnership. Funds for schools to help with training and support for staff working with pupils with SEND. ## ITT Accreditation Funds for orgnasiations to help with resources, costs associated with extra administiration, education consultants or specialists, costs associated with new curriculum development and costs associated with partnership development in schools. ## **16. Analysis of net assets between funds** ## **Analysis of net assets between funds - current period** |Tangible fixed assets
Current assets
Creditors due within one year
**Total**|**Restricted**
**funds**
**2024**
**Unrestricted**
**funds**
**2024**
**£**
**£**
-
8,114
2,875
355,373
-
(42,439)
2,875
321,048|**Total**
**funds**
**2024**
**£**
**8,114**
**358,248**
**(42,439)**
**323,923**| |---|---|---| Page 24 **EXETER CONSORTIUM CIO** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024** ## **16. Analysis of net assets between funds (continued)** ## **Analysis of net assets between funds - prior period** |Tangible fixed assets
Current assets
Creditors due within one year
**Total**|_Restricted_
_funds_
_2023_
_£_
_-_
_4,875_
_-_
_4,875_|_Unrestricted_
_funds_
_2023_
_£_
_10,404_
_350,971_
_(50,261)_
_311,114_|_Total_
_funds_
_2023_
_£_
_10,404_
_355,846_
_(50,261)_
_315,989_| |---|---|---|---| ## **17. Pension commitments** The group operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the group in an independently administered fund. The pension cost charge represents contributions payable by the group to the fund and amounted to £4,597 (2023 - £3,846). £910 (2023 - £687) is payable to the fund at the balance sheet date. ## **18. Related party transactions** There were no related party transactions during the year, or in the prior year. Page 25