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2023-03-31-accounts

CORAM LIFE EDUCATION HILLINGDON LIMITED (A Company limited by guarantee)

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REPORT AND FINANCIAL STATEMENTS
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FOR THE YEAR ENDED 31 MARCH 2023

CHARITY NO: 1068047

COMPANY REGISTERED IN ENGLAND NO: 3494207

CORAM LIFE EDUCATION HILLINGDON LIMITED

LEGAL AND ADMINISTRATIVE INFORMATION

Status

The organisation is a charitable company limited by guarantee, incorporated on 16th January 1998 and registered as a charity on 11th February 1998.

The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. Under the Articles, one-third of the trustees retire by rotation at the AGM and are able to offer themselves for re-election.

Directors and Trustees

The directors of the charitable company ("the charity") are its trustees for the purpose of charity law and throughout the report are collectably referred to as the trustees.

The trustees serving during the year were as follows:

Trustees

John Connolly Nicholas Smith (retired as Chair in November 2022 and became Vice Chair) Sue Johnson (Company Secretary - retired in November 2022) Derek Johnson (Treasurer) Kevin Mullally Gillian Pearce Liz Wakling Colin Turfus (became Company Secretary in November 2022) Susan Constant (joined in November 2022)

Chair

Kevin Dupree (Retired as Vice-Chair in November 2022 and became Chair)

Registered Office

Unit 301, Chimes Shopping Centre, Uxbridge, UB8 1GD

Accountants

Lewis Associates, Chartered Certified Accountants

75 Coniston Gardens London NW9 0BA

Bankers

Barclays Bank PLC, Building 315, Hatton Cross, Heathrow Airport, Hounslow, Middlesex TW6 2JJ

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CORAM LIFE EDUCATION HILLINGDON LIMITED

Report of the trustees for the year ended 31 March 2023

The trustees are pleased to present their report together with the financial statements of the charity for the year ended 31st March 2023

Legal and administrative information set out on page 2 forms part of this report. The financial statements comply with current statutory requirements, the Memorandum and Articles of Association and the Statement of Recommended Practice - Accounting and Reporting by Charities.

Objects of the Charity

The objects of the charity are to advance the education of children and young people particularly in respect of the damages of drugs and addictive materials and substances. Primarily teaching is provided by specially trained Educators, through skills development, interactive participation, with the assistance of a range of audio visual material and publications and by using any other means of dissemination and communication of educational material and information primarily in the London Borough of Hillingdon.

Organisation

A board of trustees currently of nine members, who meet quarterly, administers the charity.

Investment powers

Under the Memorandum and Articles of Association, the charity has the power to make any investment as the trustees see fit.

Review of Activities and Future Developments

We operated with one Educator until September 2022. In March 2022 we recruited two new Educators. One started delivering in September 2022 and the other in January 2023. Many schools have delayed booking us and some have withdrawn altogether. This caused a cash flow problem but some fund raising plus additional project work from Coram have ensured our solvency. We visited 34 schools and we started a marketing campaign to recruit more schools. The administration which was being done by trustees is now being carried out by an Educator.

Statement of Public Benefit

The aims of Coram Life Education Hillingdon Limited are to advance the education of children and young people, particularly in respect of the damaging effects of drugs and addictive materials and substances. Teaching is provided by specially trained Educators, using interactive teaching methods.

Ensuring our work delivers our aims

The aims and objectives for Coram Life Education Hillingdon Limited are set out above and are reviewed at the direction of the trustees, subject to our licence and when activities are changed. We refer to the guidance contained in the Charity Commission's documents on public benefit when reviewing our aims and objectives and in planning our future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives they have set.

How our activities deliver public benefit

Our service is available to all primary school children in the London borough of Hillingdon and in surrounding boroughs and adjoining educational authorities. We believe that by offering our service, Coram Life Education Hillingdon Limited gives young local people the chance to learn in a structured way so that they can make informed choices. This has had a positive effect locally and we continually evaluate the effectiveness of our service.

During the last financial year we have continued to extend our service to support parents and carers.

CORAM LIFE EDUCATION HILLINGDON LIMITED

Report of the trustees for the year ended 31 March 2023 (continued)

Trustee's responsibilities in relation to the financial statements

Company law requires the trustees to prepare financial statements that give a true and fair view of the state of affairs of the charity at the end of the financial year and of its surplus or deficit for the financial year. In doing so the trustees are required to:

The trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enables them to ensure that the financial statements comply with the Companies Act 2006. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

By order of the trustees:

Nicholas Smith

………………………….. Nicholas Smith Vice Chair of Trustees

10th July 2023

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ACCOUNTANTS REPORT TO THE DIRECTORS ON THE UNAUDITED ACCOUNTS

OF CORAM LIFE EDUCATION HILLINGDON LIMITED

You are responsible for the preparation of the accounts for the year ended 31 March 2023 set out on pages 5 to 8, and you consider that the company is exempt from an audit under the provisions of Section 477(1) of the Companies Act 2006. In accordance with your instructions, we have compiled these unaudited accounts to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Lewis associates

Lewis Associates Chartered Certified Accountants 75 Coniston Gardens London NW9 0BA

10th July 2023

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CORAM LIFE EDUCATION HILLINGDON LIMITED

STATEMENT OF FINANCIAL ACTIVITIES (including Income and Expenditure Account) for the year ended 31st March 2023

Unrestricted Restricted Total Total
Funds Funds Funds Funds
2022/23 2021/22
Incoming resources £ £ £ £
Hillingdon Community Trust 0 0 0 7,193
School fees 30,532 30,532 30,147
School Fees (Debtors being paid after 1/4/22) 2,455 2,455 9,770
Fundraising 2,345 2,345 2,500
Profit on sale Harold books 22 22 1,019
Bank Interest 32 32 3
donations 0 0 52
furlough 0 0 0 2,438
Income from Coram 231 0 231 0
insurance rebate 0 0 231
Total incoming resources 35,617 0 35,617 53,353
Resources expended
Salaries, tax and NI and pensions 38,590 0 38,590 32,694
Educator travel 143 143 210
DBS 61 61 0
Legal and professional fees 488 488 323
software 518 518 0
Life Education licence fee 8,597 8,597 11,021
Training expenses 6,074 0 6,074 0
Insurance 1,107 1,107 1,384
recruitment 476 476 0
IT sundries 316 0 316 0
Depreciation 0 860 860 600
carry bags 388 0 388 20
classroom expenses 533 533 0
printing 232 232 0
zoom 144 144 144
safeguarding training 0 0 25
conference 220 220 0
Job Advertisement 0 0 150
SCARF fee refund 0 0 238
Cover from Coram 538 538 172
Total resources expended 58,424 860 59,284 46,981
Net incoming resources for the year -22,807 -860 -23,667 6,372
Balance brought forward 1 April 2022 24,302 21,734 46,037 39,676
Funds balance carried forward
31-Mar-23 1,495 20,874 22,369 46,048
transfer of restricted reserves 20874 -20874
22369 22369

The statement of financial activities indicates all gains and losses recognised in the year. All incoming resources and resources expended derive from continuing activities.

CORAM LIFE EDUCATION HILLINGDON LIMITED BALANCE SHEET AS AT 31 MARCH 2023

Note
Fixed Assets
Tangible fixed assets
4
Current Assets
Current account 3490
BACS payments 8799
Stock
5
Debtors
7
Less Current Liabilities
Creditors
Net Assets
Funds
Unrestricted funds
General purpose funds
Restricted funds		 2022/23
£
2,419
2,083
15,092
320
2,455
-
22,369
2022/23
£
22,369
0
22,369		 2022/23
£
2,419
2,083
15,092
320
2,455
-
22,369
2022/23
£
22,369
0
22,369		 2021/22
£
1,663
2,154
32,129
320
9,770
-		 2021/22
£
1,663
2,154
32,129
320
9,770
-
320
2,455
-
22,369 46,036
2021/22
£
24,302
21,734
46,036		 46,036
2022/23
£
22,369
0
46,036
22,369

For the year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors ' responsibilities:

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS102.

Approved by the Board on 10th July 2023 and signed on its behalf by:-

Nicholas Smith

Nicholas Smith Vice-Chair of Trustees

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CORAM LIFE EDUCATION HILLINGDON LIMITED

NOTES FORMING PART OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

1 Accounting Policies

(a) Basis of preparation of accounts These accounts have been prepared under the historical cost convention with items recognised at cost or transactions value unless otherwise stated in relevant notes to these accounts.

The accounts have been prepared in accordance with:

The charity constitutes a pubic benfit entity as defined by FRS 102

(b) Grants are recognised in full in the Statement of Financial Activities in the year in which they are receivable.

(c) Resources expended are recognised in the period in which they are incurred. Resources expended include attributable VAT which cannot be recovered.

(d) Unrestricted funds are donations and other incoming resources receivable or generated for the objects of the charity without further specified purpose and are available as general funds.

(e) Designated funds are unrestricted funds earmarked by the management committee for particular purposes.

(f) Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund, together with a fair allocation of management and support costs.

2 Trustees' Remuneration

No remuneration directly or indirectly out of the charity was paid or payable for the period to any trustee or any person or persons known to be connected with any of them in attendance of meetings or functions.

3 Taxation

The charitable company is exempt from corporation tax on its charitable activities.

4 Tangible Fixed Assets Equipment
£ £
Cost
Balance Brought Forward 1 April 2022 1,663
New laptop and iPad in august 1,616
total 3,279
Depreciation
Charge for the year 860
Net Book Value
As at 31 March 2023 2,419

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CORAM LIFE EDUCATION HILLINGDON LIMITED

NOTES FORMING PART OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023 (continued)

5
Stock
Books		 2022/23
£
320		 2021/22
£
320

6 Reserves Policy

Coram Life Education Hillingdon aims to maintain a minimum level of reserves as required in order to ensure prudence in its financial management. The reserves policy aims to provide working capital to cover operational costs for six months. The reserves also cover salary costs for key staff members of staff, for a period of six months. The free reserves required to achieve this objective total is estimated to be £25,000. This figure acknowledges that income will continue to be generated during any period where a given contract is being reduced or discontinued. The total level of reserves may vary, dependent on Coram Life Education Hillingdon's operational budget. The current level of free reserves is just short of the reserve policy set out.

7 Debtors
Schools visited before 1st April 2023 but paid after
Chalfont £325.00
Heathrow £750.00
Robertswood £630.00
St George £750.00

total

£2,455.00

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