OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2023-08-31-accounts

Page
Reference and administrative
details ofthe Charity, its Trustees		 and advisers
Trustees'
report		 2-9
Independent
examiner's
report		 10-11
Statement offinancial activities 12
Balance sheet 13
Notes to the financial statements 14-29
REFERENCE AND ADMINISTRATIVE
DETAILS OF THE CHARITY,		 REFERENCE AND ADMINISTRATIVE
DETAILS OF THE CHARITY,		 REFERENCE AND ADMINISTRATIVE
DETAILS OF THE CHARITY,		 REFERENCE AND ADMINISTRATIVE
DETAILS OF THE CHARITY,		 REFERENCE AND ADMINISTRATIVE
DETAILS OF THE CHARITY,		 REFERENCE AND ADMINISTRATIVE
DETAILS OF THE CHARITY,		 REFERENCE AND ADMINISTRATIVE
DETAILS OF THE CHARITY,		 REFERENCE AND ADMINISTRATIVE
DETAILS OF THE CHARITY,		 ITSTRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31AUGUST 2023
Trustees A Fisher (resigned 29 November 2022)
K Hughes
R Coles (appointed 3October 2023)
T Briant-Evans
G Myles
J Bishop, Chair
M Shanks
S Parsons (resigned 12June 2023)
I Johnson (appointed 30 November 2022)
D Morrow
C Platt (appointed 30 November 2022, resigned 11July 2023)
M Bowler (appointed 29 November 2023)
J Hunter (appointed 29 November 2023)
Charity registered
number 1186756
Principal office Monkerton Community Primary School
Sestertius Road
Monkerton
Exeter
Devon
EX1 3WS
Key management C Coates (Business &Operations Manager)
personnel
Accountants Griffin
Chartered Accountants
Courtenay House
Pynes
Hill
Exeter
EX2 5AZ

Restricted Unrestricted Total Total
funds funds funds funds
Note 2023
6		 2023
6		 2023f 2022
Income from:
Charitable
activities		 4 216,415 60,845 277,260 276,385
Investments 5 3,196 3,196 320
Total income 216,415 64,041 280,456 276,705
Expenditure
on:
Charitable
activities		 6 187,948 72,086 260,034 247,886
Total expenditure 187,948 72,086 260,034 247,885
Net movement
in		 funds before other
recognised
gains		 28,467 (8,045) 20,422 28,819
Other recognised gains:
Actuarial
gains on		 defined benefit
pension schemes 16 16,000 16,000 137,000
Net movement
in		 funds 44,467 (8,045) 36,422 165,819
Reconciliation
of		 funds:
Total funds brought forward 99,348 128,271 227,619 61,800
Net movement
in funds		 44,467 (8,045) 36,422 165,819
Total funds carried forward 143,815 120,226 264,041 227,619

2023 2022
Note F F
Current assets
Debtors 11 5,086 14,100
Investments 12 100,663 118,269
Cash at bank and in hand 258„721 197,958
364,470 330,327
Creditors;
amounts		 falling due within one
year 13 (100,429) (85,7oe)
Net current assets 264,041 243,619
Total assets less current liabilities 264,041 243,619
Net assets excluding pension asset /
liability 264,041 243,519
Defined benefit pension scheme asset /
liability (15,00O)
Total net assets 264,041 227,619
Charity funds
Restricted funds:
Restricted funds excluding pension asset 14 143,815 115,348
Pension reserve 14 (16,000)
Total restricted funds 14 143,815 99,348
Unrestricted
funds		 14 120,226 128,271
Total funds 264,041 227,619

Restricted Unrestricted Total
funds funds funds
2023 2023 2023
E 6
Grant Income 216,415 216,415
Sales 60,845 60„845
216,415 60,845 277,260
Restricted Unn. stricted Total
funds funds funds
2022
5		 2022
f		 2022f
Grant income 226,000 226,000
Sales 50,385 50,385
226,000 50,385 276,385
5. Investment income
Unrestricted Total
funds funds
2023 2023
6
Investment income 3,196 3,196
Unrestricted Total
funds funds
2022 2022
Investment income 320 320

Total
Activities funds
2023 2023
6 F
Staff costs 92,357 92,357
General expenses 2,154 2,154
Venue costs 30,740 30,740
Rent 7,300 7,300
Insurance 312 312
Speaker fees 20,694 20,694
ITcosts 428 428
SLA reimbursements 87,694 87,694
Legal and professional 6,000 6,000
Audit and accountancy 2,887 2,887
Printing
and stationery		 3,117 3117
Subscriptions 3,094 3,094
Bank charge 84 84
Event AV Support 3,173 3,173
260,034 260,034

Analysis ofexpenditure
by activities (continued)
Analysis ofsupport costs (continued)
Total
Activities funds
2022 2022f
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
ITcosts 5,104 5,104
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
Event AV Support 6,765 6,765
247,886 247,886

Current asset inv es t ments
2023 2022
6 5
Cash on deposit 100,663 118,269
Creditors: Amounts falling due within one year
2023 2022
6 5
Trade creditors 5,249 19,279
Other taxation and social security 26,714
Other creditors 70 64
Accruals and deferred income 66,396 67,365
100,429 86,708
2023 2022
5
Deferred income at 1 September 2022 56,500 55,500
Resources deferred during the year 51,601 56,500
Amounts released from previous periods (56,600) (56,500)
51,601 58,500

Statement offunds
Statement offunds - current year
Balance at 1 Balance at
September Transfers Gains/ 31 August
2022
F		 Income
f		 Expenditure
6		 in/out
6		 (Losses)
6		 2023
F
Designated
funds
Pension
Bond		 70,000 70,000
Redundancy
Provision 24„500 5,500 30,000
24,500 75,500 100,000
General funds
Other Income 99,603 60,845 (70,254) (75,600) 14,694
Devon County
Council 3,560 (1,832) 1,728
Bank Interest 608 3„196 3,804
103,771 64,041 (72,086) (75,500) 20,226
Total
Unrestricted
funds 128,271 64,041 (72,086) 120,226
Restricted
funds
Devon County
Council 115,348 216,415 (187,948) 143,815
Pension reserve (16,000) 16,000
99,348 216,415 (187,948) 16,000 143,815
Total offunds 227,619 280,456 (260,034) 16,000 264,041

Statement offu nds - prior year
Balance at Balance at
1September
2021f		 Income
f		 Expenditure f Transfers
in/outf		 Gainer
(Losses)f		 31August
2022f
Unrestricted
funds
Designated
funds
Redundancy
Provision 22,810 1,690 24,500
General funds
Other Income 116,444 50,385 (65,536) (1,690) 99,603
Devon County
Council 5,433 (1,873) 3,560
Bank Interest 288 320 608
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) 115348
Pension reserve (138,000) (15,000) 137,000 (16,000)
(83,175) 226,000 (180,477) 137,000 99,348
Total offunds 61,800 276,705 (247,886) 137,000 227,619

At 31 At 31August
August 2023 2022
Rate of increase in salaries 3.90 3.95
Rate of increase for pensions in payment/inflation 2.90 2.95
Discount rate for scheme liabilities 5.30 4.25
Inflation assumption (CPI) 2.90 2.95
At 31 At 31August
August 2023 2022
Years Years
Retiring today
Males 21A 21.7
Females 22.6 22.9
Retiring in 20 years Males 22.7 23.0
Retiring in 20 years Females 24.0 24.3

At 31 At 31August
August 2023 2022
Discount rate +0.1%
Discount rate -0.1%
Mortality assumption		 -1 year increase (3,000)
3„000
4,000		 (4,000)
4,000
5,000
Mortality assumption - 1 year decrease (4,000) (5,000)
C PI rate +0.1%
CPI rate -0.1%		 3,000
(3,000)		 4,000
(3,000)

The Charity's
sha		 re ofthe a ssets
in the sc		 hem e was:
At 31 At 31August
August 2023 2022
6 8
Equities 93,000 80,000
Corporate bonds 37,000 30,000
Property 14,000 15,000
Cash and other liquid assets 2,000 2000
Other 26,000 25,000
Total fair value ofassets 172,000 f52,000
The actual
return		 on scheme assets was 84,000(2022- Z-5, 000).
The amounts
recognised		 in the Statement offinancial activities are as follows:
2023
E		 2022f
Current service cost 12,000 23,000
Interest income (7,000) (2,000)
Interest cost 7,000 5,000
Total amount recognised in the Statement offinancial activities 12,000 26,000
Movements
in the present		 value ofthe defined benefit obligation were as follows:
2023
6
Opening
defined		 benefit obligation 168,000
Interest cost 7,000
Contributions
by		 scheme participants 3,000
Actuarial
gains		 (18,000)
Current service cost 12,000
Closing defined benefit obligation 172,000

Movemen ts in th e fair value ofthe Charity's share ofscheme asset s were as follows:
2023
5
Opening fair value ofscheme assets 152,000
Expected return on assets 7,000
Actuarial losses (2,000)
Contributions by employer 12,000
Contributions by scheme participants 3,000
Closing fair value ofscheme assets 172,000