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||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|





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|**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|





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|||**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_|





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||||||_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_|





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||**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_|



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||**Unrestricted**|**Total**|
|---|---|---|
||**funds**|**funds**|
||**2022**|**2022**|
||£|£|
|Investment income|320|**320**|
||_Unrestricted_|_Total_|
||_funds_|_funds_|
||_2021_|_2021_|
||£|£|
|Investment income|_287_|_287_|





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||**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_|



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||**Support**|**Total**|
|---|---|---|
||**costs**|**funds**|
||**2022**|**2022**|
||£|£|
|Support costs|247,886|**247,886**|
||_Support_|_Total_|
||_costs_|_funds_|
||_2021_|_2021_|
||£|£|
|Support costs|_220,774_|_220,774_|





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|||**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_|





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||**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_|



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||**2022**|_2021_|
|---|---|---|
||£|£|
|**Due within one year**|||
|Other debtors|**2,938**|_1,714_|
|Prepayments and accrued income|**11,162**|_2,125_|
||**14,100**|_3,839_|





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|||_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_|



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|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|





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||||||_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_|





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||**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**|



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||**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_|



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|**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)_|





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||**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**|





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||**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**|



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