| Page | |
|---|---|
| Reference and administrative detailsofthe Charity, its Trustees and advisers | 1 |
| Trustees' report | 2-9 |
| Independent examiner's report | 10 - 11 |
| Statementoffinancial activities | 12 |
| Balance sheet | 13 |
| Notes to the financial statements | 14-28 |
| Trustees | A Fisher |
|---|---|
| K Hughes | |
| H Fox (resigned 6 April 2022) | |
| T Briant-Evans | |
| G Myles | |
| J Bishop, Chair | |
| M Shanks | |
| S Parsons | |
| D Morrow (appointed 26 January 2022) | |
| Charity registered | |
| number | 1186756 |
| Principal office | Monkerton Community Primary School |
| Sestertius Road | |
| Monkerton | |
| Exeter | |
| Devon | |
| EX13WS | |
| Key management | C Coates (Business&Operations Manager) |
| personnel | |
| Accountants | Griffin |
| Chartered Accountants | |
| Silverdown Office Park | |
| Exeter Airport Business Park | |
| Exeter | |
| EX52UX |
| Restricted | Unrestricted | Total | Total | ||
|---|---|---|---|---|---|
| funds | funds | funds | funds | ||
| 2022 | 2022 | 2022 | 2021 | ||
| Note | £ | £ | £ | £ | |
| Income from: | |||||
| Charitable activities | 4 | 226,000 | 50,385 | 276,385 | 299,287 |
| Investments | 5 | 320 | 320 | 287 | |
| Total income | 226,000 | 50,705 | 276,705 | 299,574 | |
| Expenditure on: | |||||
| Charitable activities | 6 | 180,477 | 67,409 | 247,886 | 220,774 |
| Total expenditure | 180,477 | 67,409 | 247,886 | 220,774 | |
| Net movementinfunds before other | |||||
| recognised gains/(losses) | 45,523 | (16,704) | 28,819 | 78,800 | |
| Other recognised gains/(losses): | |||||
| Actuarial gains/(losses) on defined | |||||
| benefit pension schemes | 16 | 137,000 | 137,000 | (17,000) | |
| Net movement in funds | 182,523 | (16,704) | 165,819 | 61,800 | |
| Reconciliationoffunds: | |||||
| Total funds brought forward | (83,175) | 144,975 | 61,800 | ||
| Net movementinfunds | 182,523 | (16,704) | 165,819 | 61,800 | |
| Total funds carried forward | 99,348 | 128,271 | 227,619 | 61,800 |
| Asrestated | |||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Note | £ | £ | |||
| Current assets | |||||
| Debtors | 11 | 14,100 | 3,839 | ||
| Investments | 12 | 118,269 | 118,002 | ||
| Cash at bank andinhand | 197,958 | 168,272 | |||
| 330,327 | 290,113 | ||||
| Creditors: amounts falling due within one | |||||
| year | 13 | (86,708) | (90,313) | ||
| Net current assets | 243,619 | 199,800 | |||
| Total assets less current liabilities | 243,619 | 199,800 | |||
| Net assets excluding pension liability | 243,619 | 199,800 | |||
| Defined benefit pension scheme liability | 16 | (16,000) | (138,000) | ||
| Total net assets | 227,619 | 61,800 | |||
| Charity funds | |||||
| Restricted funds: | |||||
| Restricted funds excluding pension asset | 14 | 115,348 | 54,825 | ||
| Pension reserve | 14 | (16,000) | (138,000) | ||
| Total restricted funds | 14 | 99,348 | (83,175) | ||
| Unrestricted funds | 14 | 128,271 | 144,975 | ||
| Total funds | 227,619 | 61,800 |
| Restricted | Unrestricted | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2022 | 2022 | 2022 | |
| £ | £ | £ | |
| Grant Income | 226,000 | 226,000 | |
| Sales | 50,385 | 50,385 | |
| Donations | |||
| 226,000 | 50,385 | 276,385 | |
| Restricted | Unrestricted | Total | |
| funds | funds | funds | |
| 2021 | 2021 | 2021 | |
| £ | £ | £ | |
| Grant Income | 140,620 | 10,000 | 150,620 |
| Donations | 148,667 | 148,667 | |
| 140,620 | 158,667 | 299,287 |
| Unrestricted | Total | |
|---|---|---|
| funds | funds | |
| 2022 | 2022 | |
| £ | £ | |
| Investment income | 320 | 320 |
| Unrestricted | Total | |
| funds | funds | |
| 2021 | 2021 | |
| £ | £ | |
| Investment income | 287 | 287 |
| Restricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | Total | |
| 2022 | 2022 | 2022 | |
| £ | £ | £ | |
| Support costs | 180,477 | 67,409 | 247,886 |
| Restricted | Unrestricted | ||
| funds | funds | Total | |
| 2021 | 2021 | 2021 | |
| £ | £ | £ | |
| Support costs | 206,795 | 13,979 | 220,774 |
| Support | Total | |
|---|---|---|
| costs | funds | |
| 2022 | 2022 | |
| £ | £ | |
| Support costs | 247,886 | 247,886 |
| Support | Total | |
| costs | funds | |
| 2021 | 2021 | |
| £ | £ | |
| Support costs | 220,774 | 220,774 |
| Total | ||
|---|---|---|
| Activities | funds | |
| 2022 | 2022 | |
| £ | £ | |
| Pension finance costs | 3,000 | 3,000 |
| Staff costs | 86,965 | 86,965 |
| General expenses | 3,223 | 3,223 |
| Venue costs | 35,036 | 35,036 |
| Rent | 4,457 | 4,457 |
| Insurance | 1,534 | 1,534 |
| Speaker fees | 10,617 | 10,617 |
| IT costs | 11,869 | 11,869 |
| SLA reimbursements | 80,396 | 80,396 |
| Audit and accountancy | 3,262 | 3,262 |
| Printing and stationery | 3,780 | 3,780 |
| Subscriptions | 3,747 | 3,747 |
| 247,886 | 247,886 |
| Total | ||
|---|---|---|
| Activities | funds | |
| 2021 | 2021 | |
| £ | £ | |
| 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 authorityonconversion | 117,000 | 117,000 |
| 220,774 | 220,774 |
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Wages and salaries | 58,403 | 37,893 |
| Social security costs | 5,159 | 3,494 |
| Pension costs | 23,403 | 10,596 |
| 86,965 | 51,983 | |
| The average number of persons employed by the Charity during the year was as follows: | ||
| 2022 | 2021 | |
| No. | No. | |
| Employees | 3 | 1 |
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Due within one year | ||
| Other debtors | 2,938 | 1,714 |
| Prepayments and accrued income | 11,162 | 2,125 |
| 14,100 | 3,839 |
| Asrestated | ||
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| Unlisted investments | 118,269 | 118,002 |
| Creditors: Amounts falling due within oneyear | ||
| 2022 | 2021 | |
| £ | £ | |
| Trade creditors | 19,279 | 13,079 |
| Other creditors | 64 | |
| Accruals and deferred income | 67,365 | 77,234 |
| 86,708 | 90,313 | |
| 2022 | 2021 | |
| £ | £ | |
| Deferred income at 1 September 2021 | 56,500 | |
| Resources deferred during the year | 56,500 | 56,500 |
| Amounts released from previous periods | (56,500) | |
| 56,500 | 56,500 |
| Statementoffunds | Statementoffunds | |||||
|---|---|---|---|---|---|---|
| Statementoffunds•currentyear | ||||||
| Balanceat1 | Balanceat | |||||
| September | Transfers | Gains/ | 31August | |||
| 2021 | Income | Expenditure | in/out | (Losses) | 2022 | |
| £ | £ | £ | £ | £ | £ | |
| Designated | ||||||
| funds | ||||||
| Redundancy | ||||||
| Provision | 22,810 | 1,690 | 24,500 | |||
| Generalfunds | ||||||
| Donation | 116,444 | (30,566) | (1,690) | 84,188 | ||
| Devon County | ||||||
| Council | 5,433 | (1,873) | 3,560 | |||
| Bank Interest | 288 | 320 | 608 | |||
| Sales | 50,385 | (34,970) | 15,415 | |||
| 122,165 | 50,705 | (67,409) | (1,690) | 103,771 | ||
| Total | ||||||
| Unrestricted | ||||||
| funds | 144,975 | 50,705 | (67,409) | 128,271 | ||
| Restricted | ||||||
| funds | ||||||
| Devon County | ||||||
| Council | 54,825 | 226,000 | (165,477) | 115,348 | ||
| Pension reserve | (138,000) | (15,000) | 137,000 | (16,000) | ||
| (83,175) | 226,000 | (180,477) | 137,000 | 99,348 | ||
| Totaloffunds | 61,800 | 276,705 | (247,886) | 137,000 | 227,619 |
| Balanceat | |||||
|---|---|---|---|---|---|
| Transfers | Gains/ | 31August | |||
| Income | Expenditure | in/out | (Losses) | 2021 | |
| £ | £ | £ | £ | £ | |
| Unrestricted funds | |||||
| 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) | ||
| Totaloffunds | 299,574 | (220,774) | (17,000) | 61,800 |
| Restricted | Unrestricted | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2022 | 2022 | 2022 | |
| £ | £ | £ | |
| Current assets | 115,348 | 214,979 | 330,327 |
| Creditors due within one year | (86,708) | (86,708) | |
| Provisions for liabilities and charges | (16,000) | (16,000) | |
| Total | 99,348 | 128,271 | 227,619 |
| At31 | At31 August | |
|---|---|---|
| August2022 | 2021 | |
| % | % | |
| Rateof increaseinsalaries | 3.95 | 3.90 |
| Rateof increase for pensionsinpayment/inflation | 2.95 | 2.90 |
| Discountratefor scheme liabilities | 4.25 | 1.65 |
| Inflation assumption (CPI) | 2.95 | 2.90 |
| At31 | At31 August | |
|---|---|---|
| August 2022 | 2021 | |
| Years | Years | |
| Retiring today | ||
| Males | 21.7 | 23.0 |
| Females | 22.9 | 24.2 |
| Retiringin20years | ||
| Males | 23.0 | 24.4 |
| Females | 24.3 | 25.6 |
| Sensitivity analysis | ||
|---|---|---|
| At31 | At31August | |
| August 2022 | 2021 | |
| £ | £ | |
| Discountrate+0.1% | {4,000) | (7,000) |
| Discountrate-0.1% | 4,000 | 7,000 |
| Mortality assumption - 1 year increase | 5,000 | 11,000 |
| Mortality assumption - 1 year decrease | (5,000) | (10,000) |
| CPIrate+0.1% | 4,000 | 6,000 |
| CPIrate-0.1% | (3,000) | (6,000) |
| At31 | At31August | |
|---|---|---|
| August 2022 | 2021 | |
| £ | £ | |
| Equities | 80,000 | 90,000 |
| Gilts | 18,000 | |
| Corporate bonds | 30,000 | 3,000 |
| Property | 15,000 | 11,000 |
| Cash and other liquid assets | 2,000 | 1,000 |
| Other | 25,000 | 20,000 |
| Total fair valueofassets | 152,000 | 143,000 |
| As_restated_ | ||
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| Current service cost | 23,000 | 8,000 |
| Interest income | (2,000) | (1,000) |
| Interest cost | 5,000 | 1,000 |
| Total amount recognised in the Statementoffinancial activities | 26,000 | 8,000 |
| 2022 | |
|---|---|
| £ | |
| Opening defined benefit obligation | 281,000 |
| Interest cost | 5,000 |
| Contributionsbyscheme participants | 3,000 |
| Actuarial (gains)/losses | (144,000) |
| Current service cost | 23,000 |
| Liabilities transferredinfrom Local Authority | |
| Closing defined benefit obligation | 168,000 |
| 2022 | |
|---|---|
| £ | |
| Opening fair value of scheme assets | 143,000 |
| Expected returnonassets | 2,000 |
| Actuarial (losses)/gains | (7,000) |
| Contributionsbyemployer | 11,000 |
| Contributionsbyscheme participants | 3,000 |
| Assets transferredinfrom Local Authority | |
| Closing fair value of scheme assets | 152,000 |