## ## |||||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| ##