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|||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||||||||
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|||||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|
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|||||||||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|
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|||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|
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|||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|
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|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|
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|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|
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|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|
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|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|
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|||||||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)|
##
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|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|
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|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|
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