2023-06-30-accounts - Coram Intercountry Adoption Centre

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

Trustees				A K Ansell
				D H Gray
				P Hewitt
				BJ Hudson
				A Shaw
				J A P Mcdougall
				N D Sieve
Cotnpany	Secretary			Carol Homden
Registered		office		120 Cockfosters		Road
				Barnet
				EN4 ODZ
Registered		company	number	03344762 (England			and	Wales)
Registered		charity number		1067313
Auditors				Haines Watts
				Chartered Accountants				and Statutory	Auditor
				New Derwent	House
				69-73Theobalds		Road
				London
				WC1X STA
Bankers				CAF Bank Limited
				25 Kings Hill Avenue
				Kings Hill
				West Mailing
				Kent
				ME194JQ
Bankers				Metro Bank
				Borehamwood	Shopping			Park
				Unit 3E
				Borehamwood
				Hertfordshire
				WD6 4PR
				Tsesnabank
				Karagandinskiy		Branch
				7/4 Chkalova	St.
				Karaganda
				Kazakhstan

	Fo	r the Period 1	A il 2022 to30	June 2023
					2023	2022
			Unrestricted	Restricted	Total	Total
			fund	fund	funds	funds
		Notes	R	E
Income from
Donations and legacies			45,797		45,797	83,513
Charitable activities
Services io adopters			1,171,584		1,171,584	986,108
Fees and services to professionals			1,012,783		1,012,783	736,906
Charitable activities			490		490	2,555
Other income			11,733		11,733	45,734
Total			2,242,387		2,242,387	1,854,815
Expenditure on
Raising funds
Raising donations and legacies Other trading activities			9,736		9,736	15,276 ~54)
			9,736		9,736	15,222
Charitable activities
Charitable activities			2,430,843	22,500	2,453,343	2,001,741
Total			2,440,579	22,500	2,463,079	2,016,963
NET INCOME/(EXPENDITURE)			(198,192)	(22,500)	(220,692)	(162,148)
Reconciliation offunds
Total funds brought	forward		33,482	55,730	89,212	251,360
Total funds carried	forward		~164710)	33230	~13),480)	89,212

		2023	2022
	Notes
Fixed assets
Tangible assets		6,799	9,304
Current assets
Debtors	12	245,408	103,756
Cash at bank		340,025	743,459
		585,433	847,215
Creditors
Amounts falling due within one year		(694,648)	(692,837)
Net current assets		~)89,215)	154,378
Total assets less current liabilities		(102,416)	163,682
Creditors
Amounts falling due after more than one year	14	(29,064)	(74,470)
NET ASSETSI(LIABILITIES)
Funds	18
Unrestricted funds:
General fund		(164,710)	33,482
Restricted funds		33,230	55 73D
Total funds		~131,488)	89,212

Coram Intercountry	Coram Intercountry	Coram Intercountry	Adoption	Adoption	Centre	(formerly	intercountry Adoption	intercountry Adoption
					Cash Flow Statement
			For the Period 1 A			il 2022	to30	June 2023
									2022
				Notes
Cash flows from operating activities Cash generated from operations				1				)352.277)	$53.370)
Net cash (used in)/provided		by operating		activities				~352.277)	~53,370)
Cash flows from investing		activities
Purchase of tangible fixed	assets							5,219	5,922
Net cash used in investing		activities
Cash flows from financing		activities
New loans in year									140,129
Loan repayments in year								~45,938	~125,822
Net cash provided/(used)	by financing							(45,938)	14,307
Change in cash and cash		equivalents		in
the reporting period								(403,434)	(44,985)
Cash and cash equivalents		at the beginning
of the reporting period								743,459	788,444
Cash and cash equivalents		at the end	of	the
reporting period								340,025	743 459

1.	Reconciliation of net	Reconciliation of net	Reconciliation of net	(expenditure)/income	(expenditure)/income	(expenditure)/income	(expenditure)/income	to net cash flow from operating	activities
									2023	2022
	Net (expenditure)/income				for the reporting		period (as per the Statement of		(220,692)	(162,146)
	Financial Activities)
	Adjustments	for:
	Depreciation	charges							7,724	5,632
	(Increase)/Decrease Increase/(Decrease)		in in		debtors creditors				(141,652) 2,343	249,039 ~)45,893
	Net cash {used in)/provided					by operations			~352.277)	~53,370)
2.	Analysis of	changes		in net funds
								At 1/4/22	Cash flow	At 30/6/23
	Net cash
	Cash at bank							?43,459	~403,434)	340,025
								743459	~403434	34D 025
	Debt
	Debts falling	due within			1 year			(37,147)	530	(36,617)
	Debts falling	due after		1 year				~74,470	45 407	~29,083
								~I)1,617	45937	~65,68D
	Total							631,842	~357,497)	274,345

3.	Donations and legacies
							2023	2022
				Unrestricted		Restricted	Total	Total
					funds	funds	funds	funds
						R	E	F.
	Gifts and donations				45,797		45,797	83,513
	Income from charitable	activities
							2023	2022
			Activity
	Services to adopters Fees and services to		Services	to adopters			1,171,584	986,108
	professionals Services to adopters		Fees and Charitable	services to activities	professionals		1,012,783 490	736,906 2,555
							2 184857	1 725,568
5.	Other income
							2023	2022
				Unrestricted		Restricted	Total	Total
					funds	funds	funds	fundsf
	Interest received				3,617		3,617	129
	Other Income				8,116		8,116	45,605
					11,733		11,733	45,734
6.	Charitable activities costs
								Direct
								Costs
	Charitable activities							2 453,343
7.	Net income/(expenditure)
	Net income/(expenditure) is stated after charging/(crediting): Depreciation - owned assets Share of support costs						2023 7,724 83,763	2022 5,632 5'1,107'
	Trustees' remuneration	and	benefits


9.	Staff costs
									2023	2022
	Wages and salaries								1,912,623	1,594,504
	Social security costs								148,306	112,058
	Other pension costs								61,647	50,851
									2,122,575	1,757,413
	The average monthly	number		of employees		during the year was as follows:
									2023	2022
	Total								33	37
	The number ofemployees the period was:		whose		employee	benefits (excluding	employer	pension	costs) exceeded	260,000 during
									2023	2022
	R60,001 - F70,000									1
	270,001 - 880,000
	'Z80,001 - 690,000
	890,001 - 2100,000
	2110,000 - 8120,000
10.	Comparatives for the	statement			offinancial activities
							Unrestricted		Restricted	Total
								fund	fund	funds
	Income from
	Donations and legacies							83,513	66,730	83,513
	Charitable activities
	Services to adopters Fees and services to professionals						986,108 736,906			986,108 736,906
	Charitable Activities							2,555		2,555
	Other income						45,734			45 734
	Total						1,788,085		66,730	1,854,815
	Expenditure on
	Raising funds
	Raising donations and Other Trading Activities	legacies					15,276 ~54)			15,276 ~54)
							15,222			15,222
	Charitable activities
	Charitable activities						1,990741		11 000	2,001,741
	Total						2,005,963		11,000	2,016,963

10.	Comparatives	for	the statement	- continued
				Unrestricted	Restricted	Total
				fund	fund	funds
				Il.'	R
	NET INCOME			(217,878)	55,730	(162,148)
	Reconciliation	of funds
	Total funds brought		forward	251,360		251,360
	Total funds carried forward			33,482	55,730	89,212
11.	Tangible fixed	assets
						Fixtures
						and
						fittings
	Cost
	At 1 April 2022					32,547
	Additions					5,219
	At 30June 2023					37,766
	Depreciation
	At 1 April 2022					23,243
	Charge for year					7,724
	At 30June 2023					~30967
	Net book value
	At 30June 2023					6,799
	At 31 March 2022					9,304
12.	Debtors: amounts		falling due within one year
					2023	2022
						R
	Trade debtors				186,840	49,821
	Other debtors				22,520	12,441
	Prepayments and accrued income				36,048	41,494
					245 405	103755


13.	Creditors:	amounts	falling		due within one year
						2023	2022
	Bank loans	and overdrafts		(see note 15)		36,617	37,147
	Trade creditors					79,732	86,949
	VAT					36,086	20,114
	Other creditors					33,770	65,862
	Accruals and deferred		income			508,443	482,765
						694,648	692,837
14.	Creditors:	amounts	falling		due after more than one year
						2023	2022
	Bank loans	(see note	15)			29,064	74,470
15.	Loans
	An analysis	of the maturity		of	loans is given below:
						2023
	Amounts falling due within			one year on demand:
	Bank loans					36,617	37,147
	Amounts falling between one				and two years:
	Bank loans	- 1-2years				29,064	36,029
	Amounts falling due between				two and five years:
	Bank loans	- 2-5 years					38,441

	Minimum	lease payments under non-cancell	able operating lease	s fall due as fol	lows:
					2023	2022
					R
	Within one year				49,692	37,269
	Between	one and five years			24,846	111807
					74,638	149,076
17.	Analysis	of net assets between funds
					2023	2022
			Unrestricted	Restricted	Total	Total
			fund	fund	funds	funds
					R	R
	Fixed assets		6,799		6,799	9,304
	Current	assets	552,203	33,230	585,433	847,215
	Current liabilities Long term liabilities		(694,648) ~29064}		(694,648) ~29,064)	(692,837) ~74470)
			~1647)0	33,230	131,480	89,212

Movement in funds
					Net
					movement
				At 1/4/22	in funds	At	30/6/23
				R	E
Unrestricted funds
General fund				33,482	(198,192)	(164,710)
Restricted funds
Restricted fund				55,730	(22,500)		33,230
TOTAL FUNDS				89,212	~220, 692)	t131,480)
Net movement in funds, included			in the above	are as follows:
				Incoming	Resources	Movement
				resources	expended	in funds
				R
Unrestricted funds
General fund				2,242,387	(2,440,579)	(198,192)
Restricted funds
Restricted fund					(22,500)	(22,500)
TOTAL FUNDS				2,242,387	~2,463,079)	~220,692)
Comparatives for movement		in	funds
					Net
					movement
				At 1/4/21	in funds	At 31/3/22
							E
Unrestricted funds
General fund				251,360	(217,878)		33,482
Restricted Funds
Restricted Funds					55,730		55,730
TOTAL FUNDS				251,360	~I62,148)		89,212
Comparative net movement	in	funds, included		in the above are as follows:
				Incoming	Resources	Movement
				resources	expended	in	funds
Unrestricted funds
General fund				1,788,085	(2,005,963)	(217,878)
Restricted Funds
Restricted Funds				66,730	(11,000)		55,730
TOTAL FUNDS				1,854,815	~2,016,963)	~162,148)

A current period	15months	and prior	year 12 mo	nths combined	position is as	follows:
						Net
						movement
					At 1/4/22	in funds	At 30/6/23
					R	E
Unrestricted funds
General fund					251,360	(416,070)	(164,710)
Restricted funds
Restricted fund						33,230	33,230
TOTAL FUNDS					251,360	~382,840)	)131,480}
A current period 15months		and prior	year 12 months combined		net movement	in funds, included	in the above are
as follows:
					Incoming	Resources	Movement
					resources	expended	in funds
					R	E
Unrestricted funds
General fund					4,097,202	(4,513,272)	(416,070)
Restricted funds
Restricted fund					66,730	(33,500)	33,230
TOTAL FUNDS					4 163632	4,546,772	~382 840)
Related party disclosures
The remuneration	of key management		personnel	is as follows.
						2023
Aggregate compensation						259,596	255,151

	2023	2022
Income
Donations and legacies
Gifts and donations	45,797	83,513
Charitable activities
Services to adopters	1,171,584	986,108
Fees and services to professionals	1,012,783	736,905
Service to adopters CA	490	2,555
	2,184,857	1,725,568
Other income
Interest received	3,617	129
Other Income	8,116	45,605
Government grants
	11,733	45,734
Total incoming resources	2,242,387	1,854,815
Expenditure
Raising donations and legacies
Other fundraising costs	9,736	8,519
Other trading activities
Bad debts	10,519	(54)
Charitable activities
Staff costs	1,912,623	1,594,504
Social security	148,306	112,058
Pensions	61,647	50,851
Charitable direct expenditure	220,723	185,899
Share of support costs	83,763	51,107
Share ofgovernance costs	8,038	1,690
Depreciation and impairment	7724	6632
	2,442,824	2,001,741
Total resources expended	2,463 079	2 016963
Net (expenditure)/income	~220,692)	~162,148)

Coram		Intercountry	Adoption Centre (formerly Interc	Adoption Centre (formerly Interc	Adoption Centre (formerly Interc	ountry Adoption	ountry Adoption	Centre
			Reference and Administrative			Details
			For the	Period 1 April 2022to 30June			2023
Trustees				A K Ansell
				D H Gray
				P Hewitt
				BJ Hudson
				A Shaw
				J A P Mcdougall
				N D Sieve
Company	Secretary			Carol Homden
Registered		office		120Cockfosters	Road
				Barnet
				EN4 ODZ
Registered		company	number	03344?62 (England		and	Wales)
Registered		charity number		1067313
Auditors				Haines Watts
				Chartered Accountants			and Statutory	Auditor
				New Derwent House
				69-73Theobalds	Road
				London
				WC1X 8TA
Bankers				CAF Bank Limited
				25 Kings Hill Avenue
				Kings Hill
				West Mailing
				Kent
				ME194JQ
Bankers				Metro Bank
				Borehamwood Shopping			Park
				Unit 3E
				Borehamwood
				Hertfordshire
				WD6 4PR
				Tsesnabank
				Karagandinskiy	Branch
				7/4 Chkalova St.
				Karaganda
				Kazakhstan

Fo	r the Period 1	A ril 2022 to30	June 2023
				2023	2022
		Unrestricted	Restricted	Total	Total
	Notes	fundf	fund E	funds	funds
Income from
Donations and legacies		45,797		45,797	83,513
Charitable activities
Services to adopters		1,171,584		1,171,584	986,108
Fees and services to professionals		1,012,783		1,012,783	736,906
Charitable activities		490		490	2,555
Other income	5	11 733		11 733	45,734
Total		2,242,387		2,242,387	1,854,815
Expenditure on
Raising funds
Raising donations and legacies Other trading activities		9,736		9,736	15,276 ~54)
		9,736		9,736	15,222
Charitable activities	6
Charitable activities		2,430843	22,500	2,453343	2,001 741
Total		2,440,579	22,500	2,463,079	2,016,963
NET INCOME/(EXPENDITURE)		(198,192)	(22,500)	(220,692)	(162,148)
Reconciliation offunds
Total funds brought forward		33,482	55,730	89,212	251,360
Total funds carried fon)vard		~184710)	33,230	~131,480)	89,212

	Coram Intercountry	Centre (formerly	Centre)
		Balance Sheet
		30June 2023
			2023	2022
		Notes	E	E
Fixed assets
Tangible	assets		6,799	9,304
Current assets
Debtors		12	245,408	103,756
Cash at bank			340,025	743,459
			585,433	847,215
Creditors
Amounts	falling due within one year	13	(694,648)	(692,837)
Net current assets			~109,215)	154,378
Total assets less current liabilities			(102,416)	163,682
Creditors
Amounts	falling due after more than one year	14	(29,064)	(74,470)
NET ASSETS/(LIABILITIES)			~13)480)	89212
Funds		18
Unrestricted funds:
General	fund		(164,710)	33,482
Restricted	funds		33,230	55,730
Total funds

		Fo	r the Period 1 A ril 2	022 to 30June 2023
				2023	2022
			Notes
Cash flows from operating		activities
Cash generated from operations			1	)352,277)	~53,370)
Net cash (used in)/provided		by operating	activities	)352277)	~53,370)
Cash flows from investing		activities
Purchase oftangible fixed	assets			5,219	5,922
Net cash used in investing	activities
Cash flows from financing		activities
New loans in year					140,129
Loan repayments in year				~45 938	~125,822
Net cash provided/(used)	by financing			(45,938)	14,307
Change in cash and cash		equivalents	in
the reporting period				(403,434)	(44,985)
Cash and cash equivalents		at the beginning
ofthe reporting period				743,459	788,444
Cash and cash equivalents		at the end of	the
reporting period				340,025	743,459

1.	Reconciliation ofnet	Reconciliation ofnet	Reconciliation ofnet	(expenditure}/income	(expenditure}/income	(expenditure}/income	(expenditure}/income	to net cash flow from operating	activities
									2023	2022
	Net (expenditure)/income				for the reporting		period (as per the Statement of		(220,692)	(162,146)
	Financial Activities)
	Adjustments	for:
	Depreciation	charges							7,724	5,632
	(Increase)/Decrease Increase/(Decrease)		in in		debtors creditors				(141,652) 2,343	249,039 ~145,893
	Net cash (used in)/provided					by operations			~352,277)	~53370)
2.	Analysis of	changes		in net funds
								At 1/4/22	Cash flow	At 30/6/23
								R
	Net cash
	Cash at bank							743,459	403434	340,025
								743,459	403,434	340 025
	Debt
	Debts falling	due within			1 year			(37,147)	530	(36,617)
	Debts falling	due after		1 year				~74,470	45,407	~29,063)
								111617	45,937	~65,680
	Total							631,842	357,497	274,345


3.	Donations and legacies
							2023	2022
				Unrestricted		Restricted	Total	Total
					fundsf	fundsf	fundsf	fundsf
	Gifts and donations				45,797		45,797	83,513
	Income from charitable	activities
			Activity				2023f	2022f
	Services to adopters Fees and services to		Services	to adopters			1,171,584	986,108
	professionals		Fees and	services to	professionals		1,012,783	736,906
	Services to adopters		Charitable	activities			490	2 555
							2.184857	1 725,568
5.	Other income
							2023	2022
				Unrestricted		Restricted	Total	Total
					fundsf	funds	fundsf	fundsf
	Interest received				3,617		3,617	129
	Other Income				8 116		8,116	45605
					11,733		11,733	45,734
6.	Charitable activities costs
								Direct
								Costsf
	Charitable activities							2 453,343
7.	Net income/(expenditure)
	Net income/(expenditure)	is	stated after charging/(crediting):
							2023f	2022f
	Depreciation -owned assets						7,724	5,632
	Share ofsupport costs						83,763	51,107

9.	Staff costs
									2023	2022
	Wages and salaries								1,912,623	1,594,504
	Social security costs								148,306	112,058
	Other pension costs								61,647	50,851
									2 122576	1,757413
	The average monthly number			of employees		during the year was as follows:
									2023	2022
	Total								33	37
	The number ofemployees		whose		employee	benefits (excluding	employer	pension	costs) exceeded	f60,000during
	the period was:
									2023	2022
	R60,001 - F70,000									1
	f70,001 - f80,000
	F80,001 - 890,000
	290,001 - 8100,000
	2110,000 - 2120,000
10.	Comparatives for	the statement			of financial activities
							Unrestricted		Restricted	Total
								fund	fund	funds
	Income from
	Donations and legacies							83,513	66,730	83,513
	Charitable activities
	Services to adopters						986,108			986,108
	Fees and services	to professionals					736,906			736,906
	Charitable Activities							2,555		2,555
	Other income							45,734		45,734
	Total						1,788,085		66,730	1,854,815
	Expenditure on
	Raising funds
	Raising donations and legacies Other Trading Activities						15,276 ~54)			15,276 ~54)
								15,222		15,222
	Charitable activities
	Charitable activities						1,990,741		11,000	2,001,741
	Total						2,005,963		11,000	2,016,963

10.	Comparatives	for	the statement	- continued
				Unrestricted	Restricted	Total
				fundf	fund	fundsf
	NET INCOME			(217,878)	55,730	(162,148)
	Reconciliation	offunds
	Total funds brought		forward	251,360		251,360
	Total funds carried forward			33,482	65,730	88,212
11.	Tangible fixed	assets
						Fixtures
						and
						fittingsf
	Cost
	At 1 April 2022					32,547
	Additions					~5219
	At 30June 2023					37,766
	Depreciation
	At 1 April 2022					23,243
	Charge for year					7,724
	At 30June 2023					30,967
	Net book value
	At 30June 2023					~6799
	At 31 March 2022					9,304
12.	Debtors: amounts		falling due within one year
					2023	2022f
	Trade debtors				186,840	49,821
	Other debtors				22,520	12,441
	Prepayments and accrued income				35 048	41,494
					245,408	103,758


13.	Creditors: amounts	falling due within one year
					2023	2022
						F.
	Bank loans and overdrafts		(see note 15)		36,617	37,147
	Trade creditors				79,732	86,949
	VAT				36,086	20,114
	Other creditors				33,770	65,862
	Accruals and deferred	income			508,443	482,765
					694,648	692,837
14.	Creditors: amounts	falling due after more than one year
					2023	2022
	Bank loans (see note	15)			~29 064	~74 470
15.	Loans
	An analysis ofthe maturity		of	loans is given below:
					2023	2022
	Amounts falling due within		one year on demand:
	Bank loans				36,617	37,147
	Amounts falling between one			and two years:
	Bank loans - 1-2years				29,064	36,029
	Amounts falling due between			two and five years:
	Bank loans - 2-5 years					38,441

Movement in funds
						Net
						movement
					At 1/4/22 f.	in funds f	At 30/6/23 f
Unrestricted funds
General fund					33,482	(198,192)	(164,710)
Restricted funds
Restricted fund					55,730	(22,500)		33,230
TOTAL FUNDS					89,212	i220,692)	i)31,480)
Net movement in funds,	included			in the above	are as follows:
					Incoming	Resources	Movement
					resourcesf	expendedf	in fundsf
Unrestricted funds
General fund					2,242,387	(2,440,579)	(198,192)
Restricted funds
Restricted fund						(22,500)		(22,500)
TOTAL FUNDS					2 242,387	~2,463,079)	~220 692)
Comparatlves for movement			In	funds
						Net
						movement
					At 1/4/21f	In funds f	At	31/3/22 f
Unrestricted funds
General fund					251,360	(217,878)		33,482
Restricted Funds
Restricted Funds						55,730		55,730
TOTAL FUNDS					251,36D	~162 148)		89,212
Comparative nel movement		in	funds, induded		in the above are as follows:
					Incoming	Resources	Movement
					resourcesf	expendedf	in fundsf
Unrestricted funds
General fund					1,788,085	(2,005,963)	(217,878)
Restricted Funde
Restricted Funds					66,730	(11,000)		55,730
TOTAL FUNDS					1,854,815	~2,016,983)	~162,148)

A current period 15months and prior year 1	2 months combined position is as fol	lows:
		Net
		movement
	At 1/4/22	in funds	At 30/6/23f
Unrestricted funds
General fund	251,360	(416,070)	(164,710)
Restricted funds
Restricted fund		33,230	33,230
TOTAL FUNDS	251,360	~382,840)	~)31,460)

as follows:					,
				Incoming resources	Resources expended	Movement in funds
				R
Unrestricted funds
General fund				4,097,202	(4,513,272)	(416,070)
Restricted funds
Restricted fund				66,730	(33,500)	33,230
TOTAL FUNDS				,4, 163,932	4,548,772	~382,840)
Related party disclosures
The remuneration	of key management	personnel	is as follows.
					2023	2022
Aggregate compensation					259,596	255,151