2022-08-31-accounts

	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