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2022-07-31-accounts

Trustee's Report Page
Message from the Chair ....03
Chief Executive's
review .
We are Young Epilepsy
Voice and Support
Health and Research.
Specialist Education,
Fundraising
.		 21
Administrative
Details		 24
Structure,
Governance		 and Management 26
Financial
Review
~
Income and expenditure		 27
~
Reserves		 27
~
Funding		 28
~
Risks		 ........28
~
Going concern		 29
Executive pay increases
Statement ofTrustee responsibilities . 30
Independent
Auditor's		 Report
Financia
I Statements
~
Consolidated
statement		 offinancial activities......
~
Consolidated
balance sheet,
~
Charity balance		 sheet
~
Consolidated
statement		 ofcash flows. ....38
~
Notes to the Financial Statements„

GOAL01 Gain a better understanding ofthe medical causes ofepilepsy.
GOAL 02 Gain a better understanding of how epilepsy affects development and behaviour.
GOAL 03 Improve
diagnosis
and treatment
to determine
the benefits ofearly interventions		 in
improving
long-term
outcomes.
GOAL 04 Gain a better
understanding		 of barriers to learning
and determine		 the benefits of
educational
interventions.
GOAL. OS Make life better for children and families and make support systems more effective.
GOAL 06 Develop a network of multidisciplinary
professionals
to strengthen		 our research and
shape the education offuture practitioners.

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2022 2022 2021 2021
Note E000s EOOOs EOOOs EOOOs
Fixed assets
Tangible assets 22,051 21,459
22,051 21,459
Current assets
Debtors 10 2,349 1,907
Cash at bank and in hand 2,587 4,835
4,936 6,742
Creditors within 1year 11 (1,855) (2,090)
Net current assets 3,081 4,652
Total assets less current liabilities and
net assets excluding pension scheme
liability 25,132 26,111
Defined benefit pension scheme
liability (6,509) (8,888)
Net assets including pension scheme
liability 18,623 17,223
Funds
Restricted funds:
Revenue 13 596 530
596 530
Unrestricted funds:
Funds representing functional fixed
assets 14 22,051 21,459
Free reserves 14 2,485 4,122
Pension reserve 14 (6,509) (8,888)
18,027 16,693
Total funds 18,623 17,223
Charity Balance Sheet Charity Balance Sheet as at 31"July 2022
Charity number: 311877
2022 2021
Note f000s EOOOs OOOOs KOOOs
Fixed assets
Tangible assets 22,051 21,459
22,051 21,459
Current assets
Debtors 10 2,359 1,919
Cash at bank and in hand 2,582 4,829
4,941 6,748
Creditors within 1year 11 (1,850) (2,088)
Net Current assets 3,091 4,660
Total assets iess current liabilities and net assets
excluding pension scheme liability 25,142 26,119
Defined benefit pension scheme liability (6,509) (8,888)
Net assets including pension scheme liability 18,633 17,231
Funds
Restricted funds:
Revenue 530
596 530
Unrestricted
funds:
Funds representing functional fixed assets 14 22,063 21,472
Free reserves 14 2,483 4,117
Pension reserve 14 (6,509) (8,888)
18,037 16,701
Total funds 18,633 17231
2G22 2021
Note f'GGG E'000
Cash flows used in operating
activities:
Net cash used in operating
activities		 (725) (13)
Cash flows used in investment
activities:
Dividends
and interest received		 3
Purchase oftangible
fixed assets		 (1,524) (770)
Net cash flows from investment
activities		 (1,524) (767)
Cash flows from financing activities:
Loan repayment
Net cash flows from financing
activities
Change
in cash and cash equivalents
in the reporting		 period (2,247) (779)
Cash and cash equivalents
brought forward		 4,835 5,614
Cash and cash equivalents
carried forward		 2,587 4,835

Construction 100years
Roof 55years
Lift 50years
Bathroom 30years
Windows &Doors 30years
Heating 30years
Kitchen 20years
Air Conditioning 15years
Boiler 15years

Donations
and l		 ega cies
2022 2021
K'000 E'000
Donations:
Projects and residential house funds 217 85
Youth Development Funds 367 224
Unrestricted
Income		 444 380
Research Funds $03 371
EFA 194 228
1,525 1,288
Legacies:
Barbara Abbott 12
Kathleen
Margaret Abbott		 220
Leslie Callender 115
Other 2
232 117
Total Donations and Legacies 1,757 1,405

2022 2021
OOOO E'000
Interest form bank deposit account

Employees
2022 2021
f'000 f'000
Staff costs consist of:
Wages RSalaries 15,116 16,865
Social Security 1,344 1,348
Other pension 1,033 1,102
17,493 19,315
Employer's
pension		 costs comprise costs comprise the following: 2022 2021
f'000 f'000
Teachers' pension scheme 228 208
Defined contribution scheme 455 507
Defined benefit scheme (377) (244)
Deficit repayment
for defined benefit scheme		 720 637
1,026 1,108
The average
number		 of employees during the period was: 2022 2021
No.
Teaching and Education Support Staff 200 210
Residential
Care		 220 274
Medical and Clinical Staff 63 62
Other staff 95 92
578 638
Full time equivalent 397

2022 2021
No. No.
17

Education,
Medical and
Residential
Care Fundraising 2022 2021
f'000 f'000 f'000 f'000
Staff costs 13,964 328 14,292 16,230
Other direct expenditure 907 972 940
Support staff costs 3,201 3,201 3,079
Support costs 3,935 3,567
Auditors'
remuneration		 40 40
Depreciation 931 931 943
2022Total 22,978 23,371 24,794
2021Tota I 24,393 401 24,794

Freehold
Land Assets
and Plant 5 Computer Computer under
Group
Cost		 Buildings
f'000		 Machinery
f'000		 Software
f'000		 Equipment
f'000		 construction
f'000		 Vehicles
f'000		 Total
f'000
At 1August
2021 38,786 562 440 317 431 40,773
Additions 140 72 185 914 2,507
Disposa ls (9) (992)
Transfer to
Fixed Assets 983 (983)
At 31July
2022 39,909 776 612 501 167 422 42,287
Depreciation
At 1August
2021 18,128 531 253 316 19,317
Additions 720 57 85 35 932
Disposa Is (9) (9)
At 31July
2022 18,849 567 310 171 343 20,238
NBV Current
year 21,061 202 330 167 80 22,051
NBV last
year 20,658 31 187 230 237 114 21,458

Group Charity
2022 2021 2022 2021
f'000 E'000 f'000 E'000
Trade debtors 1,001 932 1,001 932
Amounts owed from
subsidiary undertaking 13 13
Other debtors 585 266 582 265
Loan 1 1
Accrued income 708 763 708
2,349 1,907 2,359 1,919

Group Charity
2022 2021 2022 2021
f'000 f'000 f'000 E'000
Operating Creditors 320 509 318 509
Accrua ls and deferred income 1,535 1,581 1,532 1,579
1,855 2,090 1,850 2,088

Year beginning 1"August Contributions
K'000
2020 500
2021 600
2022 625
2023 630
2024 645
2025 665
2026 685
2027 705
2028 730
2029 750
ension Schemes (continued)
2021
Si ni scant actuarial assum
tions:
Discount rate 3.4% 1.5olo
Inflation
(RPI)		 3.5% 3.4Yo
Inflation
(CPI)		 2.7% 2.5Yo
Other actuarial assum
tions:
Rate ofincrease in salaries 2.70% 2.00%
Rate ofincrease in pensions:
Non-Pensioners
—Pre 05 benefits		 3.20% 3.30%
Non-Pensioners
—Post 05 benefits		 2.50% 2.50%
Pensioners —Pre 05benefits 3.20% 3,30'Yo
Pensioners - Post 05 benefits 2.50% 2,50'Yo
Revaluation
ofdeferred
pensioners		 in excess ofGMP 2.70% 2.50%
2022 2021
Mortalit
assum		 tions:
Mortality S3PMA/S3PF 53PMA/53PFA
A CMI 2019 CMI 2019
1.25% 125%
Male currently age 45at 65 22.7years 22,6years
Female currently age 45 at 65 25.2 years 25.2years
Male currently age 65 21.3years 21.3years
Female currently age 65 23.8years 23.7years

assumed rate ofreturn on the Schem es assets was 3.4% p.a.(2021 —1.5 %).
Value at Vaiue at
2022 %of 2021 Yoof
Assets total assets total
f'000 Scheme E'000 Scheme
The fair value ofthe assets in the scheme were:
Bonds 1,072 9% 1,399 99o
6ilts 3213 26% 4,726 30'yo
Cash 163 1JIo 24 O'Yo
Annuities. 1,040 SoA 1,307 Bo/o
Other 7,063 56% 8,285 539o
Total market value of assets 12,551 15,741
Present value ofscheme liabilities (19,060) (24,629)
Net pension
liability		 (6,509) (8,888)
2022 2021
f'000 f'000
The actual return on assets over the period was (3,127) 572
interest income 236 199
Return on assets less interest income (3,363) 373
Total return ofassets (3,127)
2022 2021
f'000 E'000
Analysis ofchangesin the value ofthe scheme liabilities over the year:
Opening present value ofthe defined benefit obligation (24,629) (25,023)
Service cost (87) (100)
interest cost (365) (321)
Member contributions (18) (23)
Benefits paid 722 778
Actuarial gain 5,317 60
Closing present value ofthe defined benefit obligation (19,060) (24,629)
2022 2021
K'000 E'000
Analysis ofchanges in the value of the scheme assets over the year:
Opening market value ofScheme assets 15,741 15,398
Expected return on Scheme assets (excluding interest income) (3,363) 373
Interest income 236 199
Employer
Member		 contributions
contributions		 766
18		 680
23
Benefits paid (722) (778)
Administration
expenses		 (125) (154)
Closing market value ofScheme assets 12,551 15,741

2022 2021
f,'000 E'000 f'000
f'000
Analysis ofthe amounts charged toStatement
of Financial Activities:
Current service cost (87) (100)
Administration
expenses		 (125) (154)
Total service cost (212) (254)
Net finance charge (129) (122)
Total pension cost charged to Statement of Financial Activities (341) t376)
2022 2021
K'000 E'000
Analysis ofactuarial goin recognised in the Statement ofFinancial
Activities:
Actual return on assets less interest (3,363) 373
Actuarial
gains on defined		 benefit obligation 5,317 60
Total gain recognised
in the Statement of Financial Activities		 1,954
2022 2021
f'000 E'000
Movement
in deficil du~ing the year:
Deficit in scheme at the beginning
ofthe year		 (8,888) (9,625)
Movement
in year:
Current service cost (87) (100)
Administration
expenses		 (125) (154)
Net finance charge (129) (122)
Contributions 766 680
Return on assets excluding interest income (3,363) 373
Actuarial
gain		 5,317
(Deficit) in scheme at end ofyear (6,509) (8,888)

As at 31st As at 31st
July 2021 Income Expenditure Transfers July 2022
f'000 f'000 f'000 f'000 f'000
Group
Unrestricted funds
Undesignated funds
Funds representing functional
fixed assets 21,459 592 22,051
Free reserves 4,121 21,311 (22,712) (235) 2,485
Pension reserve (8,888) 2,379 (6,509)
Total unrestricted funds 16,692 23,690 -22,712 357 18,027
As at 31st As at31st
July 2021 Income Expenditure Transfers July 2022
f'000 f'000 f'000 f'000 f'000
Charity
Unrestricted funds
Undesignated funds
Funds representing functional
fixed assets 21,472 591 22,063
Free reserves 4,117 21,311 (22,710) (235) 2,483
Pension reserve (8,888) 2,379 (6,509)
Total unrestricted funds 16,701 23,690 -22,710 356 18,037

As at 31stJuly As at 31st
2020 Income Expenditure Transfers July 2021
f'000 f'000 f'000 f'000 f'000
Group
Unrestricted funds
Undesignated funds
Funds representing functional
fixed assets 21,632 -173 21,459
Free reserves 4,580 23,787 (24,692) 447 4,122
Pension reserve (9,625) 737 (8,888)
Total unrestricted funds 16,587 24,524 -24,865 447 16,693
As at 31stJuly As at31st
2020 Income Expenditure Transfers July 2021
f'000 f'000 f'000 f'000 f'000
Charity
Unrestricted funds
Undesignated funds
Funds representing functional
fixed assets 21,632 -160 21,472
Free reserves 4,587 23,309 (24,227) 447 4,117
Pension reserve (9,625) 737 (8,888)
Total unrestricted funds 16,594 24,046 -24,387 447 16,701

15
Analysis of net asse		 ts between
funds
2022
Unrestricted Restricted Total
Funds Funds Funds
f'000 f'000 f'000
Group
Tangible
Fixed Assets		 22,051 22,051
Net Current Assets 2,485 596 3,081
Total Assets Less Current Liabilities 24,536 596 25,132
Defined Benefit Pension Scheme Liability (6,509) (6,509)
Net Assets 18,027 596 18,623
Charity
Tangible
Fixed Assets		 22,051 22,051
Net Current Assets 2,495 3,091
Total Assets Less Current Liabilities 24,546 596 25,142
Defined Benefit Pension Scheme Liability (6,509) (6,509)
Net Assets 18,037 596 18,633
2021
Unrestricted Restricted Total
Funds Funds Funds
f000 f000 f000
Group
Tangible
Fixed Assets		 21,459 21,459
Net Current Assets 4,122 530 4,652
Total Assets Less Current Liabilities 25,581 530 26,111
Defined Benefit Pension Scheme Liability (8,888) (8,888)
Net Assets 16,693 530 17,223
Charity
Tangible
Fixed Assets		 21,459 21,459
Net Current Assets 4,130 530 4,660
Total Assets Less Current Liabilities 25,589 530 26,119
Defined Benefit Pension Scheme Liability (8,888) (8,888)
Net Assets 16,701 530 17231

2022 2021
f'000 f'000
Net expenditure for the reporting period (554) (272)
Adjustments
for:
Depreciation 931 943
Adjustment
for pension
funding		 (425) (304)
Dividends
and interest from investments		 (3)
increase
in debtors		 (442) (470)
(Decrease)/Increase in creditors (235) 94
Net cash usedin operating activities (725) (12)

Total minimum lease payments 2022 2021
f'000 f'000
Within one year 49 13
Within two to five years 111 2
160

The charity owns the whole of The charity owns the whole of The charity owns the whole of the issued ordinary the issued ordinary the issued ordinary the issued ordinary share capital of St Piers (Services) share capital of St Piers (Services) Limited, a
company registered in England. The subsidiary is used for non-primary
purpose		 trading activities,
namely to develop facilities for disabled children. All activities have been consolidated on a line
by line basis in the SOFA. The results below are for the period to 31July 2022.
Subsidiary
company		 2022 2021
f'000 f'000
Turnover
Cost ofsales/administrative expenses (3) (2)
Net loss (2)
2022 2021
The aggregate ofthe assets, liabilities and funds was: f'000 f'000
Assets 6 6
Liabilities (1,121) (1,121)
(1,115) (1,115)

2022 2021
E'000 E'000
Total income 22,819 24,522
Total expenditure (23,369) (24,793)
Actuarial
gain		 on defined benefit pension scheme 1,956 433
Net movement in funds 1,406 162