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2025-08-31-accounts

Charity number: 1183438

EXETER CONSORTIUM CIO

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

EXETER CONSORTIUM CIO

CONTENTS

Page
Reference and administrative details of the Charity, its Trustees and advisers 1
Trustees' report 2 - 6
Independent examiner's report 7 - 8
Statement of financial activities 9
Balance sheet 10
Notes to the financial statements 11 - 24

EXETER CONSORTIUM CIO

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2025

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 2025

The Trustees present their annual report together with the financial statements of the Charity for the year ended 31 August 2025.

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:

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 across Devon to improve the quality of learning for their pupils. Working in partnership, Exeter Consortium train the next generation of teachers and provide a comprehensive programme of professional development aimed at improving the quality of teaching and learning.

Training and development opportunities for staff at all levels.

This includes courses, programmes and networks for teachers, leaders, administrators, business managers, support staff, volunteers and governors.

During the period of this report the charity hosted 43 CPD events which were attended by over 900 delegates.

The following courses and networks were provided free of charge:

All other programmes are delivered at cost to enable more people to attend from our member schools. These programmes included:

Page 2

EXETER CONSORTIUM CIO

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

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.

39 trainees on the following primary school centred teacher training programmes during the year 2024-2025:

One trainee withdrew from the programme. A total of 38 trainees attained Qualified Teacher Status in the Summer of 2025. 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.

Exeter Consortium provide a ‘School Staff Thank You Scheme’ which aims to recognise the contribution staff make to school life and supporting pupils. Awards are made each term and vouchers are presented to staff chosen from the nominations by Exeter Consortium Trustees. The funds for the vouchers come from the interest provided by the Exeter Consortium investment account. During 2024-2025 a total of £944 was awarded to 9 nominees.

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.

Page 3

EXETER CONSORTIUM CIO

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

Objectives and activities (continued)

Achievements and performance

a. Main achievements of the Charity

During the period of this report the charity organised 43 CPD events which were attended by over 900 delegates.

19 free course sessions were delivered across the 12 month period.

39 trainees on primary school based 3-7 programmes and primary school based 5-11 programmes during academic year 2024-2025. 38 trainees attained Qualified Teacher Status in the Summer of 2025.

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.

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. This will ensure the charity is sustainable should no income be achieved for that period of time.

During the period, the charity received total income of £390,124 and had total costs of £356,716, less net loss on investment £2,165 and taxation £2,504 giving a surplus of £28,739. Total funds carried forwards at the year end were £352,662, all of which was unrestricted.

c. Principal funding

The charity’s principal sources of funds are:

Page 4

EXETER CONSORTIUM CIO

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

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 2025-2026

Initial Teacher Training

Professional Development

Page 5

EXETER CONSORTIUM CIO

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

Statement of Trustees' responsibilities

The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Charity Commission Scheme. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the members of the board of Trustees on and signed on their behalf by: 06/03/2026

Richard Satterly (Chair of Trustees)

Page 6

EXETER CONSORTIUM CIO

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 AUGUST 2025

Independent examiner's report to the Trustees of Exeter Consortium CIO ('the Charity')

I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 August 2025.

Responsibilities and basis of report

As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').

I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the Charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the ICAEW, which is one of the listed bodies.

Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.

Page 7

EXETER CONSORTIUM CIO

INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.

Signed: Dated: 9/3/26

Laura Waycott

FCA

Griffin

Chartered Accountants Courtenay House Pynes Hill Exeter EX2 5AZ

Page 8

EXETER CONSORTIUM CIO

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2025

Note
Income from:
Charitable activities
4
Other income
5
Total income
Expenditure on:
Charitable activities
6
Total expenditure
Net income before net (losses)/gains
on investments
Net (losses)/gains on investments
Net income before taxation
Taxation
Net income after taxation
Transfers between funds
15
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Restricted
funds
2025
£
-
-
-
-
-
-
-
-
-
-
(2,875)
(2,875)
2,875
(2,875)
-		 Unrestricted
funds
2025
£
388,575
1,549
390,124
356,716
356,716
33,408
(2,165)
31,243
(2,504)
28,739
2,875
31,614
321,048
31,614
352,662		 Total
funds
2025
£
388,575
1,549
390,124
356,716
356,716
33,408
(2,165)
31,243
(2,504)
28,739
-
28,739
323,923
28,739
352,662		 Total
funds
2024
£
367,388
1,540
368,928
365,525
365,525
3,403
4,531
7,934
-
7,934
-
7,934
315,989
7,934
323,923

The Statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 11 to 24 form part of these financial statements.

Page 9

EXETER CONSORTIUM CIO

BALANCE SHEET FOR THE YEAR ENDED 31 AUGUST 2025

2025
Note
£
Fixed assets
Tangible assets
11
4,455
4,455
Current assets
Debtors
12
4,300
3,869
Investments
13
51,689
53,854
Cash at bank and in hand
328,971
300,525
384,960
358,248
Current liabilities
Creditors: amounts falling due within one
year
14
(36,753)
(42,439)
Net current assets
348,207
Total assets less current liabilities
352,662
Net assets excluding pension asset
352,662
Total net assets
352,662
Charity funds
Restricted funds
15
-
Unrestricted funds
15
352,662
Total funds
352,662
The
financial
statements
were
approved
and
authorised
for
issue
by
the
_______and signed on their behalf by:		 2024
£
8,114
8,114
315,809
323,923
323,923
323,923
2,875
321,048
323,923
Trustees
on		 
06/03/2026

Richard Satterly

(Chair of Trustees)

The notes on pages 11 to 24 form part of these financial statements.

Page 10

EXETER CONSORTIUM CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

1. General information

Exeter Consortium CIO is a Charitable Incorporated Organisation registered in England & Wales. Its registered office address is Countess Wear Commmunity School, Glasshouse Lane, Exeter, EX2 7BS.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

Exeter Consortium CIO meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 Going concern

The Trustees have considered the financial position of the Charity for a period of at least 12 months from the date of signing the accounts, including factoring the year end reserves position and post year end income and expenditure, and expect the Charity to continue as a going concern and have prepared the accounts on this basis.

2.3 Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the Charity has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the Charity, can be reliably measured.

Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.

Page 11

EXETER CONSORTIUM CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

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 Taxation

The Charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

2.6 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:

2.7 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.

Page 12

EXETER CONSORTIUM CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

2. Accounting policies (continued)

2.8 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.

2.9 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.

2.10 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.

2.11 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.

2.12 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.

2.13 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 13

EXETER CONSORTIUM CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

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

Unrestricted
funds
2025
£
Teacher Training
388,575
Unrestricted
funds
2024
£
Teacher Training
367,388		 Total
funds
2025
£
388,575
Total
funds
2024
£
367,388

Page 14

EXETER CONSORTIUM CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

5. Other incoming resources

Interest received
Dividend income from investments
Interest recieved
Dividend income from investments		 Unrestricted
funds
2025
£
25
1,524
1,549
Unrestricted
funds
2024
£
24
1,516
1,540		 Total
funds
2025
£
25
1,524
1,549
Total
funds
2024
£
24
1,516
1,540

6. Analysis of expenditure on charitable activities Summary by fund type

Unrestricted
funds
2025
£
Teacher training costs
356,716
Restricted
funds
2024
Unrestricted
funds
2024
£
£
Teacher training costs
2,000
363,525		 Total
2025
£
356,716
Total
2024
£
365,525

Page 15

EXETER CONSORTIUM CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

7. Analysis of expenditure by activities

Teacher training costs
Teacher training costs
Analysis of direct costs
Course Expenditure		 Activities
undertaken
directly
2025
£
140,595
Activities
undertaken
directly
2024
£
136,303		 Support
costs
2025
£
216,121
Support
costs
2024
£
229,222
Total
funds
2025
£
140,595		 Total
funds
2025
£
356,716
Total
funds
2024
£
365,525
Total
funds
2024
£
136,303

Page 16

EXETER CONSORTIUM CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

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
Interest on overdue tax		 Total
funds
2025
£
194,910
224
7,000
718
756
3,322
430
2,709
814
71
3,226
433
945
-
563
216,121		 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

8. Independent examiner's remuneration

The independent examiner's remuneration amounts to an independent examiner fee of £735 (2024 - £708) , and accounts preparation of £1,215 ( 2024 - £1,169 ).

Page 17

EXETER CONSORTIUM CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

9. Staff costs

Wages and salaries
Employers national insurance
Employers pension contributions		 2025
£
179,790
10,749
4,371
194,910		 2024
£
189,330
14,166
4,597
208,093

The average number of persons employed by the Charity during the year was as follows:

2025 2024
No. No.
5 6

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 £50,053 (2024 - £48,049).

10. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2024 - £NIL) .

During the year ended 31 August 2025, expenses totalling £ 20 were reimbursed or paid directly to 1 Trustee (2024 - £22 to 1 Trustee).

Page 18

EXETER CONSORTIUM CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

11. Tangible fixed assets

Cost or valuation
At 1 September 2024
Disposals
At 31 August 2025
Depreciation
At 1 September 2024
Charge for the year
On disposals
At 31 August 2025
Net book value
At 31 August 2025
At 31 August 2024
Debtors
Due within one year
Trade debtors
Other debtors		 2025
£
4,300
-
4,300		 Plant and
machinery
£
22,877
(3,527)
19,350
14,763
3,226
(3,094)
14,895
4,455
8,114
2024
£
915
2,954
3,869

12. Debtors

Page 19

EXETER CONSORTIUM CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

13. Current asset investments

Unlisted investments

2025 2024
£ £
51,689 53,854

14. Creditors: Amounts falling due within one year

Trade creditors
Other creditors
Accruals and deferred income
Deferred income at 1 September 2024
Amounts released from previous periods		 2025
£
2,050
826
33,877
36,753
2025
£
36,189
(4,262)
31,927		 2024
£
3,463
910
38,066
42,439
2024
£
44,443
(8,254)
36,189

At the balance sheet date the charity was holding funds received in advance of £31,927 from Devon County Council and Lloyds, for projects taking place in the next financial year.

Page 20

EXETER CONSORTIUM CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

15. Statement of funds

Statement of funds Statement of funds
Statement of funds - current year
Balance at 1
September
2024
£
Income
£
Unrestricted
funds
Designated
funds
Learning
Community/
Instead
7,702
-
School to School
Support
5,494
-
Early Years
Project
4,779
-
Inclusion Forum
Funds
15,338
-
33,313
-
General funds
General funds
287,735
390,124
Total
Unrestricted
funds
321,048
390,124
Restricted
funds
ITT Accreditation
2,875
-
Total of funds
323,923
390,124		 Expenditure
£
-
-
-
-
-
(359,220)
(359,220)
-
(359,220)		 Transfers
in/out
£
(7,702)
(5,494)
(4,779)
(15,338)
(33,313)
36,188
2,875
(2,875)
-		 Gains/
(Losses)
£
-
-
-
-
-
(2,165)
(2,165)
-
(2,165)		 Balance at
31 August
2025
£
-
-
-
-
Unrestricted
funds
Designated
funds
Learning
Community/
Instead
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
2024
£
7,702
5,494
4,779
15,338
33,313
287,735
321,048
2,875
323,923
-
352,662
352,662
-
352,662

Page 21

EXETER CONSORTIUM CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

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
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 2025

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.

ExCo Projects

The name stated above represents the updated designation for the project activity. This change has been implemented to streamline project tracking and ensure alignment with the revised objectives. Consequently, all the above funds previously allocated to the earlier projects have been transferred to this newly designated project.

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 year

Unrestricted
funds
2025
£
Tangible fixed assets
4,455
Current assets
384,960
Creditors due within one year
(36,753)
Total
352,662		 Total
funds
2025
£
4,455
384,960
(36,753)
352,662

Page 23

EXETER CONSORTIUM CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

16. Analysis of net assets between funds (continued)

Analysis of net assets between funds - prior year

Tangible fixed assets
Current assets
Creditors due within one year
Total		 Restricted
funds
2024
£
-
2,875
-
2,875		 Unrestricted
funds
2024
£
8,114
355,373
(42,439)
321,048		 Total
funds
2024
£
8,114
358,248
(42,439)
323,923

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 £4,371 (2024 - £4,597). £826 (2024 - £910) is payable to the fund at the balance sheet date.

18. Related party transactions

The Charity has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the Charity at 31 August 2025.

Page 24

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AUDIT

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