| Page | ||||
|---|---|---|---|---|
| Reference and administrative | details ofthe Charity, | its Trustees and advisers | ||
| Trustees' report |
2-8 | |||
| Independent examiner's report |
9-10 | |||
| Statement offinancial | activities | |||
| Balance sheet | 12 | |||
| Notes to the financial | statements | 13-23 |
| Trustees | A Fisher (appointed 30June 2020) |
A Fisher (appointed 30June 2020) |
A Fisher (appointed 30June 2020) |
|---|---|---|---|
| K Hughes | (appointed | 20 January 2021) | |
| H Fox (appointed 17 |
November 2020) |
||
| T Briant-Evans (appointed 17October 2019) |
|||
| G Myles (appointed 20 April 2021) |
|||
| J Bishop, | Chair (appointed 17October 2019) |
||
| M Shanks | (appointed | 17October 2019) | |
| S Parsons | (appointed | 13July 2021) | |
| M Boxall (resigned 20 January 2021) | |||
| D Chapman (resigned |
14 September 2020) | ||
| P Barretto | (resigned | 16 November 2020) |
|
| J Johnson | (resigned | 31 July 2021) | |
| R Haring | (resigned 5 |
May 2021) | |
| Charity registered | |||
| number | 1186756 | ||
| Principal office | Venture House |
||
| One Capital Court | |||
| Bittern Road, Sowton | Industrial Estate |
||
| Exeter | |||
| Devon | |||
| EX2 7Fyv | |||
| Key management | C Coates | (Business 8 Operations Manager) |
|
| personnel | |||
| Accountants | Griffin | ||
| Chartered | Accountants | ||
| Silverdown | Office Park | ||
| Exeter Airport Business Park | |||
| Exeter | |||
| EX5 2UX |
| Restricted | Unrestricted | Total | |||||
|---|---|---|---|---|---|---|---|
| funds | funds | funds | |||||
| 2021 | 2021 | 2021 | |||||
| Note | 6 | 6 | 6 | ||||
| Income from: | |||||||
| Charitable activities |
140,620 | 158,667 | 299,287 | ||||
| Investments | 287 | 6,287 | |||||
| Total income | 140,620 | 158,954 | 299,574 | ||||
| Expenditure on: |
|||||||
| Charitable activities |
206,795 | 13,979 | 220,774 | ||||
| Total expenditure | 206,795 | 13,979 | 220,774 | ||||
| Net movement | in funds before other recognised | ||||||
| gains/(losses) | (66,175) | 144,975 | 78,800 | ||||
| Other recognised | gains/(losses): | ||||||
| Actuarial losses |
on | defined | benefit pension schemes | 14 | (17,000) | (17,000) | |
| Net movement | in funds | (83,175) | 144,975 | 61,800 | |||
| Reconciliation | offunds: | ||||||
| Net movement | in funds | (83,175) | 144,975 | 61,800 | |||
| Total funds carried forward | (83,175) | 144,975 | 61,800 |
| Restricted | Unrestricted | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2021 | 2021 | 2021 | ||
| 6 | 6 | F | ||
| Grant Income | 140,620 | 10,000 | 150,620 | |
| Donations | 148,667 | 148,667 | ||
| 140,620 | 158,667 | 299,287 | ||
| investment | income | |||
| Unrestricted | Total | |||
| funds | funds | |||
| 2021 | 2021 | |||
| 6 | 6 | |||
| Investment | income | 287 | 287 |
| Restricted | Unrestricted | Total |
|---|---|---|
| funds | funds | funds |
| 2021 | 2021 | 2021 |
| 6 | 6 | |
| 206,795 | 13,979 | 220,774 |
| Support | Total | ||
|---|---|---|---|
| costs | funds | ||
| 2021 | 2021 | ||
| F | 6 | ||
| Support | costs | 220,774 | 220,774 |
| Total | |||
|---|---|---|---|
| Activities | funds | ||
| 2021 6 |
2021f | ||
| Staff costs | 51,983 | 51,983 | |
| General expenses | 123 | 123 | |
| Venue costs | 1,382 | 1,382 | |
| Rent | 2,750 | 2,750 | |
| Insurance | 1,359 | 1,359 | |
| Speaker fees | 1,000 | 1,000 | |
| IT costs | 502 | 502 | |
| SLA reimbursements | 40,910 | 40,910 | |
| Legal and professional | 625 | 625 | |
| Audit and accountancy | 3,140 | 3,140 | |
| Transfer from local authority |
on conversion | 117,000 | 117,000 |
| 220,774 | 220,774 |
| The independent examiner's remuneration amounts to an i Staff costs |
ndependent examiner fee of61,500. |
|---|---|
| 2021 | |
| F | |
| Wages and salaries | 37,893 |
| Social security costs | 3,494 |
| Pension costs | 10,596 |
| 51,983 |
| 2021 | ||
|---|---|---|
| F | ||
| Due within one year | ||
| Other debtors | 1,714 | |
| Prepayments | and accrued income | 2,125 |
| 3,839 |
| 11. | Creditors: Amounts | falling | due within one year | ||
|---|---|---|---|---|---|
| 2021 | |||||
| 8 | |||||
| Trade creditors | 13,079 | ||||
| Accruals and deferred | income | 77,234 | |||
| 90,313 | |||||
| 2021 | |||||
| F | |||||
| Resources deferred | during | the year | 56,500 |
| NOTES TO THE FINANCIAL STATEII/IENTS |
NOTES TO THE FINANCIAL STATEII/IENTS |
NOTES TO THE FINANCIAL STATEII/IENTS |
||||
|---|---|---|---|---|---|---|
| FOR THE YEAR ENDED 31 AUGUST 2021 | ||||||
| Statement offunds | ||||||
| Statement offunds | - current year | |||||
| Balance at | ||||||
| Transfers | Gains/ | 31August | ||||
| Income | Expenditure | in/out | (Losses) | 2021 | ||
| F | F | 6 | 6 | |||
| Designated funds |
||||||
| Redundancy Provision |
22,810 | 22,810 | ||||
| General funds | ||||||
| Donation | 148,666 | (9,412) | (22,810) | 116,444 | ||
| Devon County Council |
10,000 | (4,567) | 5,433 | |||
| Bank Interest | 288 | 288 | ||||
| 158,954 | (13,979) | (22,810) | 122,165 | |||
| Total Unrestricted | funds | 158,954 | (13,979) | 144,975 | ||
| Restricted funds | ||||||
| Devon County Council | 140,620 | (85,795) | 54,825 | |||
| Pension reserve | (121,000) | (17,000) | (138,000) | |||
| 140,620 | (206,795) | (17„000) | (83,175) | |||
| T'otal offunds | 299,574 | (220,774) | (17,000) | 61,800 |
| At 31 | ||||||
|---|---|---|---|---|---|---|
| August 2021 | ||||||
| '/0 | ||||||
| Rate of | increase | in salaries | 3.90 | |||
| Rate of | increase | for | pensions | in payment/inflation | 2.90 | |
| Discount | rate for | scheme | liabilities | 1.65 | ||
| Inflation | assumption | (CPI) | 2.90 | |||
| At 31 | ||||||
| August 2021 | ||||||
| Years | ||||||
| Retiring | today | |||||
| Males | 23.0 | |||||
| Females | 24.2 | |||||
| Retiring | in 20 years | |||||
| Males | 24A | |||||
| Females | 25.6 | |||||
| Sensitivity analysis |
||||||
| At 31 | ||||||
| August 2021 | ||||||
| 6 | ||||||
| Discount | rate +0.1'/o | (7,000) | ||||
| Discount | rate -0.1'/0 | 7,000 | ||||
| Mortality | assumption | —1 year | increase | 11,000 | ||
| Mortality | assumption | - 1 year | decrease | (10,000) | ||
| CPI rate | +0.1'/o | 6,000 | ||||
| CPI rate | -0.1'/o | (6,000) |
| The Charity's share of |
the | assets in the sch |
em | e was: | |||
|---|---|---|---|---|---|---|---|
| At. 31 | |||||||
| August 2021 | |||||||
| F | |||||||
| Equities | ea,aoo | ||||||
| Gilts | 18,000 | ||||||
| Corporate bonds |
3,000 | ||||||
| Property | 11,000 | ||||||
| Cash and other liquid | assets | 1,000 | |||||
| Other | 20,000 | ||||||
| Total fair value ofassets | 143,000 | ||||||
| The actual return on scheme assets was F7,000. |
|||||||
| The amounts recognised |
in the Statement | offinancial | activities | are as follows: | |||
| 2021 | |||||||
| F | |||||||
| Current service cost | 8,000 | ||||||
| Movements in the present |
value of the defined | benefit | obligation | were as follows: | |||
| 2021 | |||||||
| F | |||||||
| Interest cost | 1,000 | ||||||
| Contributions by scheme |
participants | 1,000 | |||||
| Actuarial losses/(gains) |
23,000 | ||||||
| Current service cost | 8,000 | ||||||
| Liabilities transferred | in from Local Authority | 248,000 | |||||
| Closing defined benefit |
obligation | 281,000 |
| Movements in th |
e fair value ofthe Charity's share ofscheme assets |
were as follows: |
|---|---|---|
| 2021 | ||
| F | ||
| Expected return | on assets | 1,000 |
| Actuarial gains |
6,000 | |
| Contributions by |
employer | 4,000 |
| Contributions by |
scheme participants | 1,000 |
| Assets transferred in from Local Authority |
131,000 | |
| Closing fair value ofscheme assets | 143,000 |