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2023-03-31-accounts

Coram Family and Childcare Ltd

Annual Report and Financial Statements

31 March 2023

Company Limited by Guarantee Registration Number 03753345 (England and Wales) Charity Registration Number 1077444

Contents

Reports

Reports
Reference and administrative information 1
Chair’s statement 2
Trustees’ report 3
Independent auditor’s report 12
Financial statements
Statement of financial activities 17
Balance sheet 18
Statement of cash flows 19
Principal accounting policies 20
Notes to the financial statements 25
Appendix
Comparative statement of
financial activities 32
Comparative notes to the
financial statements 33

Coram Family and Childcare Ltd

Reference and administrative information

Trustees Paul Curran (Chair)
Dr Charlotte Faircloth
Sharon Harris
Elizabeth Roberts
Holly Robinson (Treasurer)
Dr Judith Trowell
Yolanda William
Senior Management Team Megan Jarvie – Head of Coram Family and Childcare
Secretary Dr Carol Homden CBE
Company registration number 03753345 (England and Wales)
Charity registration number 1077444
Registered office Coram Campus
41 Brunswick Square
London
WC1N 1AZ
Auditor Buzzacott LLP
130 Wood Street
London
EC2V 6DL
Bankers National Westminster Bank plc
38 Strand
London
WC2N 5JB

Coram Family and Childcare Ltd 1

Chair’s statement 31 March 2023

Chair’s statement

This year has seen increased attention on childcare policy, culminating in the announcement of a £4 billion investment in expanding funded childcare for working parents. Coram Family and Childcare’s work to shine a light on the unmanageable costs of childcare, particularly through our Childcare Surveys, played a significant role in securing this investment.

However, as well as marking an achievement, this announcement marks the need for our ongoing work. The welcome progress on the improving the affordability of childcare for working parents does nothing for the most disadvantaged children who stand to benefit the most from high quality childcare.

We will continue to work to raise their voices in the debate around childcare policy to make sure their needs are met whilst also providing practical support to local communities through our Parent Champions National Network which helps families to access the services and childcare that they are entitled to. We are proud to see that the activity of the network has bounced back, reaching 25,000 families, higher than before the pandemic and to have been found to be Investors in People Gold Award organisation as part of the Coram group.

The National Association of Family Information Services (NAFIS) also helps local authority teams to learn from each other and provide high quality information and support to families. The pressures on the childcare markets has meant that their work is ever more vital and that the peer support has been ever more beneficial.

We have also been pleased to conduct childcare sufficiency assessments in local areas and work with academic partners on research projects aimed to make a real difference to improve practice. We completed a project on the impact of Covid-19 on the early childhood education and care system, highlighting the effective work local authorities did and can do in future to support the local early education system.

The further research project, in partnership with UCL, Centre for Evidence and Implementation and independent researcher, Ivana La Valle, will build understanding in what facilitates and hinders use of early education entitlements. This work will be crucially important given the expansion of free childcare for working parents in understanding how to support disadvantaged children to be able to access early education.

Whilst much remains unknown about the change to childcare policy, we can be sure that it will be filled with challenges and opportunities. We look forward to meeting these head on.

Paul Curran Chair

Coram Family and Childcare Ltd 2

Trustees’ report 31 March 2023

The Trustees present their statutory report together with the financial statements of Coram Family and Childcare Ltd (CFC) for the year ended 31 March 2023.

This report has been prepared in accordance with Part VIII of the Charities Act 2011.

The financial statements have been prepared in accordance with the accounting policies set out on 20 to 24 and comply with the charitable company’s Memorandum and Articles of Association, applicable law and Accounting and Reporting by Charities: Statement of Recommended Practice (the Charities SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102).

Scope of the financial statements

The annual report and financial statements are in respect to Coram Family and Childcare as a stand-alone charity only.

Coram Family and Childcare is part of the Coram group and its ultimate controlling party, The Thomas Coram Foundation for Children (Coram), Registered Charity No. 312278, consolidates the financial statements of Coram Family and Childcare with its own and those of other group members. Coram is the sole member of Coram Family and Childcare.

Governance, structure and management

Coram Family and Childcare is a company limited by guarantee and a registered charity. It was founded as ‘Family and Childcare Trust’. On 1 August 2018, we adopted a new governing instrument in the form of revised Memorandum and Articles of Association. On this date, ‘Family and Childcare Trust’ became part of the Coram group and our name changed to ‘Coram Family and Childcare’.

Governance

The day-to-day management of the organisation has been delegated to the Head of Coram Family and Childcare, reporting to the Coram CEO. The Coram Family and Childcare staff team deliver the key charitable activities of the organisation, including our programmes, policy, research and membership offers. The Coram central team, including on HR, finance and fundraising, supports the team.

Trustees are also directors for the purposes of company law. The Trustees who served during the year and up to the date on which this report was approved were as follows:

Trustee Appointed/Resigned
Rebecca Asher Resigned June 2023
Paul Curran (Chair)
Dr Charlotte Faircloth
Sharon Harris
Elizabeth Roberts Appointed June 2023
Holly Robinson (Treasurer)
Dr Judith Trowell
Yolanda William

The trustees met four times in the 2022/23 financial year.

Coram Family and Childcare Ltd 3

Trustees’ report 31 March 2023

Governance, structure and management (continued)

Key management personnel

Key management personnel are defined as the Trustees, Group Chief Executive and the Head of Coram Family and Childcare.

The remuneration of key management personnel is based on an internal assessment of the scope of the individual role and (within the charity) an individual’s performance against specific targets. Internal benchmarking is conducted to ensure that remuneration levels within the Coram Group are consistent for the level of responsibilities. Remuneration of other staff is agreed by the Coram Group Directors consisting of the Chief Executive Officer, Chief Finance Officer and the Director of People and Compliance.

Recruitment and appointment of trustees

As set out in the Articles of Association, Coram appoints the Chair of the Trustees after consultation with the Board. The Nominations and Governance Committee first nominate all candidates for appointment as Trustees. The appointment (or reappointment) of any person nominated by the Nominations and Governance Committee as a Trustee shall require the approval of the Coram Board prior to that of the Coram Family and Childcare Board.

Risk management

The Trustees have undertaken a full risk assessment and kept this under review at the Trustee Board via a formal annual review of the risk register. The management team have reviewed the risk register and updated it regularly outside of Board meetings.

Areas covered include recruitment of skilled staff, governance, legislation, compliance, delivery of contracted projects, and diversity of funding, business continuity, IT data storage and appropriate levels of insurance. Decisions were taken, and processes put in place to mitigate risks identified in these areas and more generally.

The most significant risk has been the charity’s longer-term financial sustainability, which has been addressed through the group membership and is commented on further in the section below on plans.

Fundraising policy

Coram Family and Childcare is part of the Coram charitable group, and fundraising activities are undertaken and assured by the central fundraising department. As the parent charity, Coram is registered with the Fundraising Regulator and adheres to the Fundraising Code of Practice. Our Privacy Policy can be found on our website at www.coram.org.uk/privacy-policy. There were no fundraising complaints made to Coram Family and Childcare in the year. If you have any comments or concerns, please contact fundraising@coram.org.uk

Objectives, activities and relevant policies

Objectives

Many parents in the UK today are frozen out of work by the cost of childcare and disadvantaged children fall behind their peers before they even start school. Coram Family and Childcare Ltd works to change this and to make the UK a better place for families.

Coram Family and Childcare Ltd 4

Trustees’ report 31 March 2023

Objectives, activities and relevant policies (continued)

Objectives (continued)

We focus on childcare and the early years to make a difference to families’ lives now and in the long term. We work to make sure that every child has access to high quality childcare and every parent is better off working once they have paid for childcare.

Families who face disadvantage, social exclusion and poverty are at the heart of our work and this year we achieved our goal to deliver parent-led programmes to support families to achieve their potential and services to find solutions that meet families’ needs.

Our research provides definitive data on the issues families face, and our Childcare Survey remains the most widely used source of information on the costs and availability of childcare in the UK.

Bringing together what we learn from our on the ground work with families and our research, we make change happen by informing and developing solutions that families want and need and this remains our focus for the future, working in partnership with the National Association of Family Information Services, which we are proud to support.

Public benefit

In considering how Coram Family and Childcare fulfils its aims and objectives, the Trustees have had regard to the Charity Commission guidance on public benefit. The descriptions of Coram Family and Childcare's charitable activities and plans in the remainder of this report are drafted with this guidance in mind. The services and advice, which the charity provides, are available to a wide range of beneficiaries at no cost to them.

Investment powers and policy

The Memorandum of Association authorises the Trustees to make and hold investments using the general funds of the charity. The Trustees have the power to invest in any way that they see fit.

Achievements and performance

This year, Coram Family and Childcare has exceeded pre pandemic levels in delivery and contributed to a substantial shift in public policy in respect to the costs of childcare and its impacts on families and children with only a modest variation from the planned budget, despite the cost pressures facing all charities.

Parent Champions

Parent Champions are volunteers who work in marginalised communities and in partnership with local authorities to support other parents in getting the childcare and early years access, to which they are entitled or to access other services that can help meet their need.

In 2022/23, our Parent Champions reached at least 25,000 families to pass on information and enable them to access vital services.

Coram Family and Childcare Ltd 5

Trustees’ report 31 March 2023

Objectives, activities and relevant policies (continued)

Parent Champions (continued)

Antoinette is a family support worker and mum to a little girls aged 3 and a 17 year old son with autism. She currently works 21 hours a week and feels that the cost of childcare locks her out of full-time work. She knows that losing out on entitlements has a particularly negative impact on children’s school readiness and widens the attainment gap so she is one of 299 people volunteering locally in 43 local authorities as a Parent Champion, doing vital outreach work to promote the take up of the twoyear-old free early education entitlements for disadvantaged families.

We year has seen the restoration of face to face engagement and continued vibrant learning and recognition opportunities delivered remotely as well as appointment of two Parent Champions to the board of CFC.

Parent Champions are not only experts at reaching families who services typically struggle to reach, but they also are experts at listening to and understanding families’ wants, needs and strengths. As part of our Family Hubs model, we will train the parent volunteers to use this insight to improve services through sitting on Parent Panels.

This year we have been supporting Parent Champions to use their knowledge to bring about systemic change through our Parent Champions for Better Childcare project, where we have supported Parent Champions to set up local campaign groups to bring about change on the issues that matter to them.

Our Parent Champions awards recognise the achievement of local groups and Parent Champions, celebrating the support to communities from Carmarthenshire and Camden, from Coventry to Croydon, and the personal development in skills and confidence they achieve. Here are some quotes from the nominations:

‘I think that even Becky would say she is amazed by what she has achieved in such a short space of time.’

‘I have watched Ruby grow and fly and if I could clone her I would!’

We now have four Welsh schemes and in the coming year hope to establish more Parent Champions group further to help meet, the needs of disadvantaged children and communities in Wales as well as expanding further in England.

Young Dads Collective (YDC)

We have continued our work with YMCA Humber and University of Lincoln on the Grimsby Dads Collective. After significant challenges recruiting young fathers to act as collective members, we are now running a peer support group for local fathers, a model which better meets their needs and is working well.

Coram Family and Childcare Ltd 6

Trustees’ report 31 March 2023

Objectives, activities and relevant policies (continued)

National Association of Family Information Services (NAFIS)

NAFIS supports local Family Information Services to share best practice and to have a united voice. There are 68 members and the annual conference and monthly webinars have been well attended, with positive engagement and feedback. Objectives, activities and relevant policies

Childcare Survey 2023

The Childcare Survey 2023 was our 22[nd] annual survey providing the definitive information on childcare costs and availability in Great Britain. Once again this year it showed that childcare is unaffordable for many families, particularly between the end of maternity leave and when a child turns three and becomes eligible for free childcare.

It also showed concerning gaps in availability, particularly for disabled children, and that these gaps are growing, including for the free early education entitlements, which can help to narrow the achievement gap between disadvantaged children and their peers.

The Childcare Survey 2023 launched the week before the Spring Budget and achieved significant media and political attention, including running as the top story on the BBC through the day and remains the most cited and influential annual data survey in the sector.

Holiday Childcare Survey 2022

The Holiday Childcare Survey 2022 launched the week before schools broke up for the summer holidays and helped draw attention to the issues facing families in accessing school age childcare and access continuing to be particularly challenging for disabled children and in London.

Childcare sufficiency assessments

We competed a Birmingham City Council’s Childcare Sufficiency Assessment helping to improve local understanding of how well the childcare market was meeting demand and action that could be taken to improve sufficiency. We have also started work on Swindon’s Childcare Sufficiency Assessment, with the assessments with local authorities set to be a growing part of our work for the future.

DfE EYFS Engagement Partner contract

In partnership with Hempsall’s, we have been contracted to act as the Department for Education’s Early Years Foundation Stage Engagement Partner. This involves running the Foundation Years platform, including managing the website, social media accounts, newsletter and newsflashes and running face to face and online events.

DfE Early years Covid recovery training evaluation

CFC were subcontracted by Hempsall’s to support the delivery of their Early Years Covid Recovery Programme Experts and Mentors programme. CFC’s role has focused on evaluation of the training offered by Hempsall’s to allow ongoing improvements to be made.

Coram Family and Childcare Ltd 7

Trustees’ report 31 March 2023

Objectives, activities and relevant policies (continued)

Childcare and Covid study

CFC were partners in a study funded by the Nuffield Foundation with Frontier Economics, Centre for Evidence and Implementation, University of East London and Institute for Fiscal Studies. This research helped to shine a light on how the sector responded to the pandemic and the lessons for the future on building a resilient sector.

Understanding take up of early education entitlements

In partnership with UCL, Centre for Evidence and Implementation and independent researcher, Ivana La Valle, and funded by Nuffield Foundation, CFC are part of a study building understanding of take up of early education entitlements. This study will include a large survey of local authorities as well as analysis of existing data sources to understand which areas have higher and lower than expected take up. We will combine this information with in depth local case studies to help build understanding of how best to support parents to make informed choices about whether or not to use early education entitlements.

Education Committee inquiry into childcare

We provided written and oral evidence to the Education Committee’s inquiry into childcare. This provided an important opportunity to highlight our evidence on how the childcare system could be improved to better meet families’ needs.

Future plans

Over the coming year, we expect to see significant change to the policy landscape with the expansion of the free childcare offer and the roll out of Family Hubs. We plan to continue to work to make sure that these changes bring benefits to all families, particularly those facing the greatest disadvantage.

We will to continue to develop and adapt the Parent Champions model in order to meet emerging needs and build local capacity, including through expansion in Wales and in areas setting up Family Hubs.

Equality, Diversity and Inclusion

Over the past year, the staff team has worked to continue to evolve and develop our equality, diversity and inclusion work. We have established an EDI steering group made up of staff from across the organisation, which meets regularly to review, assess and plan our work in this area. Some of our work has included:

We realise that being an organisation that is equal, diverse and inclusive is something to constantly work towards. EDI remains a key priority for the next year including publishing our EDI plan and a guide to how we use language.

Coram Family and Childcare Ltd 8

Trustees’ report 31 March 2023

Equality, Diversity and Inclusion (continued)

The commitment to diversity was a strong characteristic in the results of the Investors in people reaccreditation which was this year again awarded at Gold Award standard, recognising the high level of engagement of staff with strategy and the organisational values, and its leadership.

Financial review

Financial overview

Coram Family and Childcare made an overall deficit for the year of £9,276 (2022: deficit of £6,265). This included a surplus on unrestricted funds of £36,808 (2022: £4,175) and a deficit on restricted funds of £46,084 (2022: deficit of £10,440).

The charity is grateful to have received a number of grants from organisations supporting its activities. We thank the following organisations for their support: Trust for London and The Esmée Fairbairn Foundation.

Reserves policy

Coram Family and Childcare aims to hold a reserve of six months expenditure as its general reserve. This will:

At the end of the 2022/23 financial year our total funds stood at £389,572 which included restricted funds of £25,015 (2022: £71,099) and unrestricted funds totalling £364,557 (2022: £327,749).

With the exclusion of reserves represented by fixed assets, the free reserves of the charity at 31 March 2023 were £360,615 (2022: £320,212) compared to a target of £192,537. We exceeded the target this year due to an increase in fundraising income and by reducing fixed costs. General reserves of £168,077 has been transferred to Designated Funds to be used for the purpose of investment in specific projects, which will increase our sustainability.

Trustees recognise the need to regularly monitor reserves alongside financial performance to ensure an adequate level of reserves is maintained. This policy will be reviewed annually in the light of (i) any gap between target and actual reserves, (ii) progress with any actions, which may be required to ensure adequate reserves, are maintained and (iii) changing uncertainties in the external environment.

Coram Family and Childcare Ltd 9

Trustees’ report 31 March 2023

Reserves Policy (continued)

The trustees are satisfied with the free reserves position at the balance sheet date in the context of the volatile operating environment and consider that the risks facing the organisation lie principally in scale and dependency on key staff, which is addressed by membership of the Coram group and access to its multi-disciplinary expertise and functions.

Statement of Trustees’ responsibilities

The Trustees (who are also directors of Coram Family and Childcare Ltd for the purposes of company law) are responsible for preparing the Trustees’ Report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charitable company and of the income and expenditure of the charitable company for that period.

In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Each of the Trustees confirms that:

Coram Family and Childcare Ltd 10

Trustees’ report 31 March 2023

Statement of Trustees’ responsibilities (continued)

The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

This confirmation is given and should be interpreted in accordance with the provisions of s418 of the Companies Act 2006.

Approved and signed on behalf of the Trustees

Paul Curran Trustee

Approved by the Trustees on: 8[th] December 2023

Coram Family and Childcare Ltd 11

Independent auditor’s report 31 March 2023

Independent auditor’s report to the members of Coram Family and Childcare Ltd

Opinion

We have audited the financial statements of Coram Family and Childcare Ltd (the ‘charitable company’) for the year ended 31 March 2023 which comprise the statement of financial activities, the balance sheet, the statement of cash flows, the principal accounting policies and the notes to the financial statements. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

Coram Family and Childcare Ltd 12

Independent auditor’s report 31 March 2023

Other information

The other information comprises the information included in the Annual Report and Financial Statements, other than the financial statements and our auditor’s report thereon. The Trustees are responsible for the other information contained within the Annual Report and Financial Statements. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees’ report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Coram Family and Childcare Ltd 13

Independent auditor’s report 31 March 2023

Reponsibilities of Trustees

As explained more fully in the statement of Trustees’ responsibilities, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

Coram Family and Childcare Ltd 14

Independent auditor’s report 31 March 2023

Auditor’s responsibilities for the audit of the financial statements (continued)

We assessed the susceptibility of the charitable company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

To address the risk of fraud through management bias and override of controls, we:

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the Trustees and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities is available on the Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Coram Family and Childcare Ltd 15

Independent auditor’s report 31 March 2023

Use of our report

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Gumayel Miah (Senior Statutory Auditor) For and on behalf of Buzzacott LLP, Statutory Auditor 130 Wood Street London EC2V 6DL

Date: 14 December 2023

Coram Family and Childcare Ltd 16

Statement of financial activities Year to 31 March 2023

(incorporating the income and expenditure account)

Notes Un-
restricted
funds
£		 Restricted
funds
£		 Total
funds
2023
£		 Total
funds
2022
£
Income from:
Donations
1
Charitable activities
2
. Programme & Delivery
. Research & Policy
Interest receivable
Other
Total income
Expenditure on:
Raising funds
Charitable activities
. Programme & Delivery
. Research & Policy
Total expenditure
3
Net (expenditure) income for the
year and net movement in funds
4
Reconciliation of funds:
Total funds brought forward at 1
April 2022
Total funds carried forward at 31
March 2023		 100,952
143,645
58,243
1,518		 —
64,126
7,316
—		 100,952
207,771
65,559
1,518		 46,503
318,495
51,152
43
304,358 71,442 375,800 416,193
32,385
165,723
69,442		 —
110,210
7,316		 32,385
275,933
76,758		 33,837
308,308
80,313
267,550 117,526 385,076 422,458
36,808
327,749		 (46,084)
71,099		 (9,276)
398,848		 (6,265)
405,113
364,557 25,015 389,572 398,848

All of the charity’s activities derived from continuing operations during the above two financial years.

The charity has no recognised gains or losses other than those that are shown above.

A full comparative statement of financial activities is included in the appendix to these financial statements.

Coram Family and Childcare Ltd 17

Balance Sheet 31 March 2023

Notes 2023
£
2023
£		 2022
£
2022
£
Fixed assets
Tangible fixed assets
8
Intangible fixed assets
9
Current assets
Debtors
10
Cash at bank and in hand
Liabilities
Creditors: amounts falling due
within one year
11
Net current assets
Total net assets
The funds of the charity
Unrestricted funds:
General funds
12
Designated funds
12
Restricted funds
12		 112,498
421,295
942
3,000		 156,303
403,256		 1,537
6,000
3,942










385,630		 7,537



391,311
533,793
(148,163)		 559,559
(168,248)

389,572		 398,848



196,480
168,077
25,015		 327,749
-
71,099
389,572 398,848

Approved and authorised by the Trustees of Coram Family and Childcare Ltd, Company Registration Number 03753345 (England and Wales), and signed on their behalf by:

Paul Curran Trustees

Date of approval: 8[th] December 2023

Coram Family and Childcare Ltd 18

Statement of cash flows Year to 31 March 2023

A
B
C

 Notes Notes Notes
2023
£		 2022
£
(98,490)
43
43
(98,447)
501,703
403,256
Cash flows from operating activities:
Net cash provided by (used in) operating activities
A
Cash flows from investing activities:
Interest received
Net cash provided by investing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at 1 April 2022
B
Cash and cash equivalents at 31 March 2023
B
16,521


1,518
1,518

18,039


403,256

421,295
Notes to the statement of cash flows for the year to 31 March 2023
Reconciliation of net income to net cash provided by operating activities
2023
£
Net expenditure for the year (as per the statement of financial
activities)
(9,276)
Adjustments for:
Amortisation and depreciation charge
3,595
Interest receivable
(1,518)
Decrease (Increase) in debtors
43,805
(Decrease) in creditors
(20,085)
Net cashprovided by (used in) operating activities
16,521
Analysis of cash and cash equivalents
2023
£
Total cash and cash equivalents:Cash at bank
421,295
Analysis of changes in net debt
At 1 April
2022
£
Cash flows
£
Other non-
cash
changes
£
Total cash and cash equivalents:Cash
at bank and in hand
403,256
18,039
—
2022
£
(6,265)
3,595
(43)
(64,438)
(31,339)
(98,490)
Net expenditure for the year (as per the statement of financial
activities)
Adjustments for:
Amortisation and depreciation charge
Interest receivable
Decrease (Increase) in debtors
(Decrease) in creditors
Net cashprovided by (used in) operating activities		 (9,276)
3,595
(1,518)
43,805
(20,085)
16,521
Analysis of cash and cash equivalents
Total cash and cash equivalents:Cash at bank		 2023
£
421,295

Other non-
cash
changes
£

—		 2022
£
403,256
At 31
March 2023
£
421,295
Analysis of changes in net debt At 1 April
2022
£
Cash flows
£
Total cash and cash equivalents:Cash
at bank and in hand		 403,256
18,039

Coram Family and Childcare Ltd 19

Principal accounting policies 31 March 2023

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are laid out below.

Basis of preparation

These financial statements have been prepared for the year to 31 March 2023 with comparative information provided in respect to the year to 31 March 2022.

The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant accounting policies below or the notes to these financial statements.

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (Charities SORP FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The charity constitutes a public benefit entity as defined by FRS 102.

The financial statements are presented in sterling and are rounded to the nearest pound.

Critical accounting estimates and areas of judgement

Preparation of the financial statements requires the Trustees and management to make significant judgements and estimates.

The items in the financial statements where these judgements and estimates have been made include:

Assessment of going concern

The Trustees have assessed whether the use of the going concern assumption is appropriate in preparing these financial statements. The Trustees have made this assessment in respect to a period of at least one year from the date of approval of these financial statements.

Coram Family and Childcare Ltd 20

Principal accounting policies 31 March 2023

Assessment of going concern (continued)

The charity continues to diversify its income streams as part of a sustainable model without statutory funding and will continue to keep both income and expenditure under review.

Therefore, the Trustees of the charity have concluded that there are no material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The Trustees are of the opinion that the charity will have sufficient resources to meet its liabilities as they fall due.

Basis of consolidation

Coram Family and Childcare is part of a larger group, its ultimate controlling party, Coram, consolidates the financial statements of Coram Family and Childcare with its own, and those of other group members.

Income recognition

Income is recognised in the period in which the charity has entitlement to the income and the amount can be measured reliably and it is probable that the income will be received. Income is deferred only when the charity has to fulfil conditions before becoming entitled to it or where the donor or funder has specified that the income is to be expended in a future accounting period.

Income comprises donations and legacies, grants, interest receivable and investment income, income from fundraising, contractual income, and miscellaneous income.

Donations are included in full in the statement of financial activities in the period in which the charity has entitlement to the income and the amount of income can be measured reliably and it is probable the income will be received.

Gifts and services received in kind are included within donations and charged to the respective expenditure heading within the statement of financial activities at their fair value being the best estimate of their value to the charity or they are capitalised at this value as a fixed asset if appropriate.

In accordance with the Charities SORP FRS 102 volunteer time is not recognised.

Grants are recognised in full in the statement of financial activities in the year in which they are receivable, and conditions for receipt have been met. Income is deferred only when the charity has to fulfil certain conditions before becoming entitled to it or where the donor or funder has specified that the income is to be expended in a future accounting period.

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

Contractual income is recognised to the extent that it is probable that the economic benefits will flow to the charity and the revenue can be measured reliably. Income is measured at the fair value of the consideration received or receivable.

Coram Family and Childcare Ltd 21

Principal accounting policies 31 March 2023

Income recognition (continued)

Other income, including income from fundraising, is recognised to the extent that it is probable that the economic benefits will flow to the charity and the revenue can be reliably measured.

Income from the Coronavirus Job Retention Scheme is credited to the statement of financial activities once the charity is entitled to the funding and when the amount receivable has been quantified.

Expenditure recognition

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to make a payment to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.

All expenditure is accounted for on an accruals basis. Expenditure comprises direct costs and support costs. All expenses, including support costs, are allocated or apportioned to the applicable expenditure headings. The classification between activities is as follows:

All expenditure is stated inclusive of irrecoverable VAT.

Allocation of support costs

Resources expended are allocated to the particular activity where the cost relates directly to that activity. However, the cost of overall direction and administration of each activity, comprising the salary and overhead costs of the central function, is apportioned on the following basis which are an estimate, based on staff time, of the amount attributable to each activity.

Where information about the aims, objectives and projects of the charity is provided to potential beneficiaries, the costs associated with this publicity are allocated to charitable expenditure.

Where such information about the aims, objectives and projects of the charity is also provided to potential donors, activity costs are apportioned between fundraising and charitable activities on the basis of area of literature occupied by each activity.

Coram Family and Childcare Ltd 22

Principal accounting policies 31 March 2023

Allocation of support costs (continued)

Support and governance costs are re-allocated to each of the activities on the following basis which is an estimate, based on staff time, of the amount attributable to each activity

2023 2022
% %
Cost of raising funds 10 10
Charitable activities: Programme & Delivery 66 66
Charitable activities: Research & Policy 24 24

Governance costs

Governance costs are the costs associated with the governance arrangements of the charity. These costs are associated with constitutional and statutory requirements and include any costs associated with the strategic management of the charity’s activities.

Tangible fixed assets

Expenditure on the charity’s computer equipment of £1,000 per item or less is expended in the year of purchase. Items over £1,000 are capitalised and are stated at cost less depreciation. Assets are retired at the end of their useful economic life.

Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Intangible fixed assets

Intangible fixed assets comprise internally developed software and database. Costs that are directly associated with the production of identifiable software products controlled by the group are recognised as intangible assets. Direct costs include software development staff costs and directly attributable overheads. An internally developed intangible asset is recognised only if all of the following conditions are met:

The intangible assets are stated at cost less accumulated amortisation. Amortisation is charged over a five-year period on a straight-line basis, from the date the asset is available for use.

Coram Family and Childcare Ltd 23

Principal accounting policies 31 March 2023

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or opening of the deposit or similar account.

Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Fund accounting

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.

Unrestricted funds comprise those monies which may be used towards meeting the charitable objectives of the charity and applied at the discretion of trustees.

Pensions

Contributions to employees’ personal pension plans and defined contribution pension schemes are charged to the statement of financial activities when they are payable to the plan or scheme. The charity has no liability beyond making its contributions and paying across the deductions for the employees’ contributions.

Coram Family and Childcare Ltd 24

Notes to the financial statements 31 March 2023

1 Income from donations

Income from donations
Un-
restricted
fund
£
Restricted
funds
£
2023
Total
funds
£
2022
Total
funds
£
80,000
—
80,000
—
20,833
—
20,833
46,167
119
—
119
336
100,952
—
100,952
46,503
Donations £1,000 and over from trusts,
individuals and other organisations
-
Esmée Fairbairn Foundation
-
Esmée Fairbairn Foundation
Donations under £1000 from trusts,
individuals and other organisations

2 Income from charitable activities

Income from charitable activities
Programme & Delivery
The National Lottery Community Fund
Trust for London – Parent Champions for
Advocacy
Young Dads Collective
Nottingham Small Steps Big Changes
Brent VRU Parent Champions Scheme
Parent Champions Schemes
Parent Champions – National Network
Membership
Hempsall's DfE
Redbridge Co-production
Childcare sufficiency Assessment
Subtotal for Programme & Delivery		 Un-
restricted
fund
£
—
—
—
38,093
—
34,240
16,629
50,683
4,000
—
143,645		 Restricted
funds
£		 2023
Total
funds
£		 2022
Total
funds
£
—
33,000
31,126
—
—
—
—
—
—
—		 —
33,000
31,126
38,093
—
34,240
16,629
50,683
4,000
—		 13,081
53,833
20,557
127,605
19,000
23,943
12,486
18,000
—
29,990
64,126 207,771 318,495
2023
Total
funds
£
6,575
—
2,000
5,316
20,366
31,302
65,559
273,330		 2022
Total
funds
£
—
10,000
18,000
—
23,152
—
51,152
369,647
Unrestricted
funds
£		 Restricted
funds
£
Research & Policy
Joseph Rowntree Foundation
Greater London Authority
Nuffield
Nuffield Funded Early Education Entitlement
NAFIS – Membership & others
DfE Early Years Engagement Partner
Subtotal for Research & Policy
Total income from charitable activities		 6,575
—
—
—
20,366
31,302		 —
—
2,000
5,316
—
—
58,243 7,316
201,888 71,442

Coram Family and Childcare Ltd 25

Notes to the financial statements 31 March 2023

2 Income from charitable activities (continued)

Restricted funds includes grants totalling £71,442 (2022: £115,471) received mainly from the Young Dad’s Collective and Trust for London. The terms of these grants requires Coram Family and Childcare Ltd to submit regular monitoring reports.

3 Analysis of expenditure

Cost of
raising funds
£		 Charitable activities Charitable activities
Governance
£		 Support
Costs
£
2023
Total
£		 2022
Total

£

Programme
& Delivery
£
Research &
Policy
£
Staff costs
Consultancy costs
Premises costs
Communication
costs
Audit, accountancy
and professional
fees
Project costs
Finance, HR, and IT
Other staff costs
Amortisation
Support costs
allocated on basis of
income received for
each activity area
Governance costs
Total expenditure
2023
Total expenditure
2022		 13,923
—
—
—
—
12,000
—
—
—		 129,374
17,889
—
—
—
86,021
—
—
—		 43,271
—
—
—
—
17,979
—
—
—
—

—

—

—

9,485

—

—

—

—		 —
—
7,661
—
—
—
42,714
1,164
3,595		 186,568
17,889
7,661
—
9,485
116,000
42,714
1,164
**3,595 **
180,662

43,250

12,515

2,729

12,383

105,825

60,113

1,299

3,682
25,923 233,284
61,250		 9,485 55,134 **385,076 **
422,458
5,513
949		 36,389
6,260		 13,232
2,276
—
(9,485)		 (55,134)
—		 —
—
—

—
32,385 275,933 76,758
—		 — 385,076
422,458
33,837 308,308 80,313
—		 — —
422,458

4 Net income for the year and net movement in funds

This is stated after charging:

2023
£		 2022
£
Staff costs (note 5)
Amortisation and impairment (note 9)
Depreciation (note 8)
Auditors' remuneration		 204,458
3,000
595
9,483		 223,912
3,000
595
12,383

Coram Family and Childcare Ltd 26

Notes to the financial statements 31 March 2023

5 Staff costs

Staff costs
2023
£
2022
£
163,204
160,069
15,968
14,386
7,397
6,207
186,569
180,662
17,889
43,250
204,458
223,912
Salaries and wages
Social security costs
Other pension costs
Total salary costs per payroll
Other staffing costs
Total staff costs

The average monthly number of employees on a full-time equivalent basis during the year was as follows:

was as follows:
2023
No.
2022
No.
0.4
0.6
1.5
2.0
4.0
4.0
0.4
0.4
6.3
7.0		 2022
No.
Raising funds
Research & Campaigns
Programme & Delivery
Support and governance

(2022: 7).

The number of employees whose remuneration was £60,000 per annum or more (excluding employer pension costs and employer's national insurance but including taxable benefits) during the year was nil (2022: nil)

Key management personnel are defined as the Trustees and one member of the senior management team (The Head of Coram Family and Childcare). The total employee benefits (including taxable benefits, employer’s pension and employer's national insurance contributions) of the key management personnel were £40,258 (2022: £32,698).

The Trustees were not paid and did not receive any other benefits from the charity in the year (2022: £nil). No Trustee received payment for professional or other services supplied to the charity (2022: £nil). No Trustee was reimbursed expenses during the year (2022: £nil).

6 Related party transactions

The financial statements do not include disclosure of transactions between Coram Family and Childcare Ltd and Coram or any fellow subsidiary entities. As a 100% controlled subsidiary undertaking, Coram Family and Childcare Ltd is exempt from the requirement to disclose such transactions under Financial Reporting Standard 102 Section 33.

During the period of report, there were no other transactions with related parties (2022: none).

Coram Family and Childcare Ltd 27

Notes to the financial statements 31 March 2023

7 Taxation

The charitable company is exempt from corporation tax as all its income is applied for charitable purposes.

8 Fixed Assets

Computer
equipment
£
Cost
At 1 April 2022 and at 31 March 2023
Depreciation
At 1 April 2022
Charge for the year
At 31 March 2023
Net book value
At 31 March 2023
At 31 March 2022		 2,380
843
595
1,438
942
1,537

9 Intangible fixed assets

Database
development
£
Cost
At 1 April 2022 and at 31 March 2023
Amortisation
At 1 April 2022
Charge for the year
At 31 March 2023
Net book value
At 31 March 2023
At 31 March 2022		 15,000
9,000
3,000
12,000
3,000
6,000
Debtors 2023
£
2022
£
30,226
74,714
67,456
79,641
14,412
—
404
—
—
1,731
—
217
112,498
156,303
Accrued income
Fees receivable
Amounts due from parent undertaking – Coram
Amounts due from fellow subsidiaries – Coram Children’s Legal Centre
Amounts due from fellow subsidiaries – VAT
Prepayments

10 Debtors

Coram Family and Childcare Ltd 28

Notes to the financial statements 31 March 2023

11 Creditors: Amounts falling due within one year

Creditors: Amounts falling due within one year
2023
£
9,278
20,709
496
32,972
—
—
84,708
148,163		 2022
£
Expense Creditors
Social security, pension and other taxation
Other creditors
Accruals and other creditors
Amounts due to parent undertaking – Coram
Amount owed to fellow subsidiaries – Coram BAAF
Deferred income and fees in advance
Total		 21,196
3,756
884
24,462
41,077
1,669
75,204
168,248

Deferred income relates to subscriptions income paid in advance and other funding received which is subject to time related conditions. Movements on deferred income during the year were as follows:

2023
£
75,204
(75,204)
84,708
84,708		 2022
£
At 1 April 2022
Released in the year
New deferrals
At 31 March 2023		 74,923
(74,923)
75,204
75,204

12 Movements in funds

At 1 April
2022
£
Income
and gains
£
Expenditure
and losses
£
Transfers
£
7,959
33,000
(40,959)
62,640
31,126
(68,751)
500
—
(500)
71,099
64,126
(110,210)
—
2,000
(2,000)
—
5,316
(5,316)
—
7,316
(7,316)
71,099
71,442
(117,526)
327,749
304,358
(267,550)
(168,077)
—
—
—
168,077
327,749
304,358
(267,550)
—
398,848
375,800
(385,076)
—		 At 31 March
2023
£
—
25,015
—
25,015
—
—
—
25,015
196,480
168,077
364,557
389,572

Coram Family and Childcare Ltd 29

Notes to the financial statements 31 March 2023

12 Movements in funds (continued)

Purpose of restricted funds

National Lottery Community Fund

We received two separate grants from the National Lottery Community Fund. The first was a two year grant to develop a Parent Champions for Community Connections model which will adapt the Parent Champions model to tackle loneliness and isolation among parents with young children. The second was a six month grant to support the Parent Champions National Network to adapt to social distancing restrictions and the additional demands resulting from the Covid-19 pandemic.

Trust for London

This grant contributed towards the production of the national report looking at how family friendly the UK is. It examined how effective both national and local governments are in supporting family life, and this year the report card focussed in detail on local areas.

Young Dad’s Collective

The funding is to support the development of a Young Dads Collective Hub in Grimsby using learning from our delivery elsewhere and to evaluate the training and workshops integral to the model.

Greater London Authority (GLA) Grant

The GLA funded us to produce a toolkit for employers to share childcare and early education information with their employees. This was supported with a series of webinars to support employers to make use of the toolkit.

Nuffield Foundation

We were funded as part of a consortium with the Centre for Evidence and Impact, University of East London, UCL, Institute for Fiscal Studies and Frontier Economics to study the impact of Covid on the early years education and care system in England. It highlighted lessons for improvements at both the national and local levels to support a sustainable, high quality system for the longer term

Nuffield Funded Early Education Entitlement

CFC led on implementation of the Local Authority survey, parent recruitment, parent engagement, workshops and dissemination, and contributed to project management.

Purpose of Designated Funds

Funds to be used for the purpose of investment in specific projects, which will increase the sustainabilit y of the charity.

Coram Family and Childcare Ltd 30

Notes to the financial statements 31 March 2023

13 Analysis of net assets between funds

Unrestricted
funds
£
Restricted
funds
£
Total funds
2023
£
Fixed assets
Intangible fixed assets
Current assets
Current liabilities
Net assets at 31 March 2023		 942
3,000
508,778
(148,163)
—

—

25,015
—
942

3,000

533,793

(148,163)
364,557
25,015
389,572

14 Ultimate parent undertaking

The Thomas Coram Foundation for Children (Coram), a registered charity (Charity Registration Number 312278) is the sole member and ultimate parent taking of Coram Family and Childcare Ltd.

15 Liability of member

The charity is constituted as a company limited by guarantee. In the event of the charity being wound up, its member is required to contribute an amount not exceeding £1.

Coram Family and Childcare Ltd 31

Appendix:

Comparative statement of financial activities Year to 31 March 2022

Notes Un-
restricted
funds
£		 Restricted
funds
£		 Total
funds
2022
£
Income from:
Donations
1
Charitable activities
2
. Programme & Delivery
. Research & Policy
Interest receivable
Other
Total income
Expenditure on:
Raising funds
Charitable activities
. Programme & Delivery
. Research & Policy
Total expenditure
3
Net (expenditure) income for the year and net
movement in funds
4
Reconciliation of funds:
Total funds brought forward at 1 April 2021
Total funds carried forward at 31 March 2022		 46,503
231,024
23,152
43		 —
87,471
28,000
—		 46,503
318,495
51,152
43
300,722 115,471 416,193
33,837
227,314
35,396		 —
80,994
44,917		 33,837
308,308
80,313
296,547 125,911 422,458
4,175
323,574		 (10,440)
81,539		 (6,265)
405,113
327,749 71,099 398,848

Coram Family and Childcare Ltd 32

Appendix:

Comparative notes to the financial statements Year to 31 March 2022

1 Donations

Donations
Un-
restricted
fund
£		 Restricted
funds
£		 2022
Total
funds
£
Donations £1,000 and over from trusts, individuals and
other organisations
-
Esmée Fairbairn
Donations under £1000 from trusts, individuals and other
organisations		 —
46,167
336		 —
—
—		 —
46,167
336
46,503 — 46,503

2 Income from charitable activities

Income from charitable activities
Un-
restricted
fund
£		 Restricted
funds
£		 2022
Total
funds
£
Programme & Delivery
The National Lottery Community Fund
Trust for London Parent Champions for Advocacy
Young Dads Collective
Nottingham Small Steps Big Changes
Brent VRU Parent Champions Scheme
Parent Champions Schemes
Parent Champions – National Network Membership
Hempsall's DfE
Childcare sufficiency Assessment
Subtotal for Programme & Delivery		 —
—
—
127,605
19,000
23,943
12,486
18,000
29,990		 13,081
53,833
20,557
—
—
—
—
—
—		 13,081
53,833
20,557
127,605
19,000
23,943
12,486
18,000
29,990
231,024 87,471 318,495
2022
Total
funds
£
Unrestricted
funds
£		 Restricted
funds
£
Research & Policy
Trust for London
Greater London Authority-Grant
Nuffield
NAFIS – Membership & others
Subtotal for Research & Policy
Total income from charitable activities		 —
—
23,152		 —
10,000
18,000
—		 —
10,000
18,000
23,152
23,152 28,000 51,152
254,176 115,471 369,647

Restricted funds include grants totalling £115,471 (2021: £261,109) received from the Young Dad’s Collective and National Lottery Community Fund (formerly known as Big Lottery). The terms of these grants requires Coram Family and Childcare Limited to submit regular monitoring reports to the Department. The funds were fully spent by 31 March 2022 and the year-end monitoring information was submitted in June 2022 in accordance with the terms of the grants.

Coram Family and Childcare Ltd 33

Appendix:

Comparative notes to the financial statements Year to 31 March 2022

3 Analysis of expenditure

Cost of
raising funds
£		 Charitable activities Charitable activities Governance
£		 Support
Costs
£
2022
Total
£

Programme
& Delivery
£		 Research &
Policy

£
Staff costs
Consultancy costs
Premises costs
Communication costs
Audit, accountancy and
professional fees
Project costs
Travel and subsistence
Finance, HR, and IT
Other staff costs
Amortisation
Support costs allocated on
basis of income received
for each activity area
Governance costs
Total expenditure 2022		 14,065
—
—
—
—
10,500
—
—
—
—		 136,342
43,250
—
—
—
67,520
—
—
—
30,255

—

—

—

—

27,805

—

—

—
—		 —
—
—
—
12,383
—
—
—
—
—		 —
—
12,515
2,729
—
—
—
60,113
1,299
3,682		 180,662
43,250
12,515
2,729
12,383
105,825
—
60,113
1,299
3,682
24,565 247,112
58,060		 12,383 80,338 422,458
8,034
1,238		 53,024
8,172
19,280

2,973		 —
(12,383)		 (80,338)
—		 —
—
33,837 308,308
80,313		 — — 422,458

12 Movements in funds

Movements in funds
At 1 April
2021
£		 Income
and gains
£		 Expenditure
and losses
£		 At 31 March
2022
£
Restricted funds:
Programme & Delivery
The National Lottery Community Fund
Trust for London
Young Dad’s Collective
Greater London Authority Grant
Subtotal - Programmes & Delivery
Research & Policy
Nuffield Foundation
Subtotal - Research & Policy
Total restricted funds
Total unrestricted funds
Total funds		 —
—
81,539		 13,081
53,833
20,557
10,000		 (13,081)
(45,874)
(39,456)
(9,500)		 —
7,959
62,640
500
81,539 97,471 (107,911) 71,099
18,000 (18,000) —
18,000 (18,000) -
81,539 115,471 (125,911) 71,099
323,574 300,722 (296,547) 327,749
405,113 416,193 (422,458) 398,848

Coram Family and Childcare Ltd 34

Appendix:

Comparative notes to the financial statements Year to 31 March 2022

13 Analysis of net assets between funds

Unrestricted
funds
£
Restricted
funds
£
Total funds
2022
£
Fixed assets
Intangible fixed assets
Current assets
Current liabilities
Net assets at 31 March 2022		 1,537
6,000
488,460
(168,248)
—

—

71,099
—
1,537

6,000

559,559

(168,248)
327,749
71,099
398,848

Coram Family and Childcare Ltd 35