|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„|||||
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|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|
##