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2024-03-31-accounts

Coram Family and Childcare Ltd

Annual Report and Financial Statements

31 March 2024

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 13
Financial statements
Statement of financial activities 18
Balance sheet 19
Statement of cash flows 20
Principal accounting policies 21
Notes to the financial statements 26
Appendix
Comparative statement of
financial activities 33
Comparative notes to the
financial statements 34

Coram Family and Childcare Ltd

Reference and administrative information

Patron Her Majesty The Queen
Trustees Paul Curran (Chair)
Dr Charlotte Faircloth
Sharon Harris
Ade Lubinjo
Sarah Rance
Elizabeth Roberts
Holly Robinson (Treasurer)
Dr Judith Trowell
Yolanda William
Company Secretary Dr Carol Homden CBE
Senior Management Team
Head of Coram Family and Childcare Lydia Hodges
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 Year to 31 March 2024

This year has been distinctive for the expansion by government of funded childcare for working parents and we have been working with partners to inform the realisation of this welcome progress on improving the affordability of childcare.

We are proud to partner for the first time with Mott Macdonald, Coram Hempsall’s and others in advancing the Childcare Works programme.

The challenges of workforce sufficiency has been a key factor in the process of achieving the sufficiency of places in most local authority areas and this continues particularly to affect disabled children whilst the disadvantaged children in non-working households are not able to benefit from the new funded childcare offer.

Our annual childcare surveys continue to inform and support policy makers and to stimulate wide spread media interest and are central to Coram Family and Childcare’s contribution to getting the voice of children and parents heard in the debate.

Our Parent Champions National Network provides practical support to local communities by training and supporting volunteers who help families to access the services and childcare that they are entitled to. We are proud to have seen their reach double in scale and that Parent Champions Norfolk have been shortlisted in the Children and Young People Now Awards for their work, as we pioneer new work to support parents in the development of children’s reading through Books Together, coproduced with our Parent Champions and delivered in partnership with Coram Beanstalk.

The National Association of Family Information Services (NAFIS) helps local authority teams to learn from each other and provide high quality information and support. The pressure on the childcare markets means their work has never been more vital and we will continue to work tirelessly to ensure that – despite the challenging timescales and demands locally – children and families get the best possible access to childcare no matter where they live.

Our thanks to all our partners, funders especially the Mercers’ Company and the Esmée Fairbairn Foundation, to our Parent Champions and staff, and to the Department for Education and all who support our work.

Paul Curran Chair

Coram Family and Childcare Ltd 2

Trustees’ report Year to 31 March 2024

The Trustees present their statutory report together with the financial statements of Coram Family and Childcare Ltd (CFC) for the year ended 31 March 2024.

The financial statements have been prepared in accordance with the accounting policies set out on 21 to 25 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).

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

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.

Objectives and activities

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.

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.

Coram Family and Childcare Ltd 3

Trustees’ report Year to 31 March 2024

Achievements and performance

This year, Coram Family and Childcare has made a significant contribution to national policy development in relation to childcare by the publication of its research reports on costs and sufficiency and secured new income that has enabled us to sustain and develop approaches to increase access to information and entitlements across the country.

Parent Champions

Parent Champions are parent volunteers who give a few hours a week to talk to other parents about the local services available to families. They help ensure marginalised or isolated parents don’t miss out on vital information or access to local family services. Each Parent Champions scheme is delivered by parents for parents, with the support of a local authority, children’s centre, school or local community organisation.

In 2023/24, our Parent Champions reached at least 50,000 families, double the number of the previous year. Our 43 schemes work across a range of areas and are all designed to meet the unique needs of the families in their area. Some choose to focus on reaching families who have children with SEND, who are most at risk of missing out on their right to an early education, and whose families can have multiple complex systems to navigate. The following quote is from a parent who received support from a local Parent Champion:

“I was new back to the UK with a child who had been diagnosed abroad but was not initially diagnosed in the UK. I was at my wits end on how to drive forward the support my child needed. Misha, without being asked to help, gracefully stepped in to help me navigate the UK system, help me feel heard, and understand the process (I had tried and failed, I had gone through the school and failed). She did not know me from Adam, yet helped my child, and my family, which I feel is a great example of a parent champion.”

The tailored nature of the model means that each scheme is able to adapt to changing local circumstances, like Parent Champions Norfolk, whose Ukraine support scheme of 17 parent volunteers is dedicated to supporting Ukrainian families who have fled the war, offering early intervention and support in their own language, and in their new community.

This innovative approach was recognised in the national parent champions awards for Best Scheme and there was recognition of the personal service and dedication of volunteers to their local communities and the personal progress and development they make as a result of the new skills achieved.

The following quote is from Svitlana who has been a Parent Champion in Norfolk since June 2023. She arrived in the UK in May 2022 with her two children after fleeing the war in Ukraine. Svitlana came to the UK as part of the Homes 4 Ukraine scheme and at the start of her journey was living with hosts. She is now living in her own accommodation and has successfully navigated the everyday processes within the UK, such as enrolling her children into school, accessing a GP and finding a job. She is using this knowledge that she has gained to support and empower other Ukrainian families who are/were in a similar situation to herself.

“The whole Parent Champion programme is one of the best resources for Ukrainian mums and children, because it helps them to settle and adapt well to avoid isolation and get support with anxiety and become more confident.”

Coram Family and Childcare Ltd 4

Trustees’ report Year to 31 March 2024

Achievements and performance (continued)

Parent Champions

New schemes this year in Family Hubs areas plan to link their programmes closely with their work on parent voice, utilising the Parent Champions model to provide insight from the community to inform the development and delivery of services.

National Association of Family Information Services (NAFIS)

The National Association of Family Information Services (NAFIS) is the only national membership organisation supporting essential FIS staff in local authorities to deliver high quality information and advice to families. It brings together expertise from across the country and facilitates a peer network, information sharing and a key link between government and what’s happening on the ground. The programme is led by a steering group of NAFIS members who set the programme of webinars, feed issues back from regional meetings and work to raise the profile of membership.

This year we had 70 members, with two new local authorities joining. The annual conference was well attended with over 200 sign-ups, and received 100% positive feedback from delegates. Speakers included the Department for Education on childcare expansion and Family Hubs, HMRC on tax-free childcare and Better Start Bradford on engaging fathers. Webinars have included a session on recruitment and retention from Professor Kate Hardy of Leeds University.

Grimsby Dads Collective

The Grimsby Dads Collective (GDC) supporting young fathers in Grimsby concluded its 4 year programme in December. The project, established in partnership with the University of Lincoln and YMCA Humber, recruited, trained and supported young fathers (aged 25 or under at the time of their child's birth) to share experiences with service providers, policymakers, and trainers.

By sharing their personal stories, young fathers aimed to influence practitioners' attitudes and professional practices, to foster a more inclusive and supportive environment for young dads, promoting better engagement with their children.

Peer support groups provided young fathers with a platform to share experiences and strengthen their parenting roles. The interactive training workshop developed by the group offered practitioners dedicated time and resources to reflect on their practice and identify improvements. As a result, the beginnings of system change were seen across the local area, with priority being given to father-inclusive practice.

Childcare Survey 2024

This year we published our 23rd annual Childcare Survey, the definitive information on childcare costs and availability in Great Britain. As in previous years, we found the cost of childcare had increased at above-inflation rates, leaving many families facing difficult decisions about work and family life.

Coram Family and Childcare Ltd 5

Trustees’ report Year to 31 March 2024

Achievements and performance (continued)

Childcare Survey 2024 (continued)

Whilst we have often reported on decreases in the number of childcare places available, this year’s report showed decreases across the board, in all categories of provision, and some with dramatic decreases since last year. Sufficiency for children with disabilities was found to be shockingly low, leaving children with some of the greatest needs at highest risk of missing out on the early education that can boost their outcomes.

Importantly, we reported on English local authorities’ confidence in their readiness to deliver the upcoming childcare expansions due to be rolled out in April and September 2024, and September 2025. This was published in an early release in January, and was updated in the full report in March. We found widespread concern about the early years workforce, including recruitment, retention and finding the right people with the right skills.

The report received significant media coverage at publication and for the remaining weeks of the financial year, particularly in the run-up to the first childcare expansion roll out. It remains the most cited and influential annual data survey in the sector.

Holiday Childcare Survey 2023

The Holiday Childcare Survey 2023 was published before schools broke up for the summer holidays and drew attention to the lack of childcare provision outside of school term time and the increasing costs. This year we focussed in detail on the accessibility of holiday childcare for children with SEND, and reported on the benefits of the Holiday Activities and Food (HAF) programme.

Books Together

We were successful in a bid to The Mercers’ Company as trustee of the Charity of Sir Richard Whittington, in partnership with Coram Beanstalk, to deliver sessions that help parents to read more with their children. The project works collaboratively with Parent Champions in local areas, and sessions focus on developing reading skills for both parents and children to create habitual reading activities in the home environment, increasing children’s literacy skills. Coproduction sessions were held with parents which influenced the design of the sessions, followed by a series of pilots in Redbridge before starting on delivery of sessions in local areas. We will continue to use the learnings from these sessions when delivering the project more widely in additional London boroughs.

Barnardo’s Parent Panels

We were commissioned by Barnardo’s to run a parent panel to advise them on developing a virtual family hub. This included recruiting parents from diverse backgrounds and cultures, including those who have different communication needs and children with SEND, providing training and support to parents to ensure they are able to effectively participate, and running regular meetings to improve the virtual family hub.

Barnardo’s staff have appreciated the input from the panel and feedback from the parent panel members has been very positive, commenting that they feel valued and their comments are met with positivity and kindness.

Coram Family and Childcare Ltd 6

Trustees’ report Year to 31 March 2024

Achievements and performance (continued)

Understanding the take-up of funded early education entitlements

We have continued our research study into the take-up of funded early education entitlements, in partnership with UCL, Centre for Evidence and Implementation and Ivana La Valle, funded by the Nuffield Foundation. It is the most comprehensive study to date on takeup of the 15 hours early education entitlements in England. A large survey of local authorities was carried out as well as focus groups and in-depth interviews with local authorities, parents and providers. Detailed analysis of secondary data further supported the investigation. Areas with higher-than-expected take-up were identified and their approaches explored in order to understand what works. The work has been led by a professional advisory group of expert stakeholders and a parent advisory group.

Key findings will be used to make recommendations in the final report, which will be published next year with a special launch event.

Local Government Association (LGA) wraparound childcare insight report

We were commissioned by the LGA to write an insight report on the local government role around delivering wraparound childcare, ahead of the Government funding to increase the supply of childcare. The work included an evidence review, expert interviews, local authority webinars and case studies of different local areas. We ran a webinar sharing the emerging findings at the end of November, with nearly 200 attendees.

Tackling Poverty Through Childcare

In May, we published Tackling Poverty Through Childcare, in partnership with Joseph Roundtree Foundation (JRF). This report focused on the changes that were needed to English childcare policy and we are now working with JRF and local partners to scope how these recommendations could be taken forward in Wales and Northern Ireland.

Foundation Years, on behalf of the DfE

In partnership with Coram Hempsall’s, we delivered the Foundation Years programme under contract by the DfE. We created and shared regular, relevant, topical information and sector news to early years professionals, supporting them in their role to the Early Years Foundation Stage framework. This included managing the website, social media accounts, newsletter and newsflashes and running events, where attendees heard directly from the DfE and sector experts throughout the year, up and down the country and online. Foundation Years reached thousands of early years professionals, facilitating a community of sharing, bringing together peers and colleagues who share a passion for giving children the best start in life; providing space and time to learn, share and reflect with others in their field and keeping busy professionals updated with evidence-informed best practice on child development, as well as events, updates and case studies from leading charities, providers and early years experts.

Coram Family and Childcare Ltd 7

Trustees’ report Year to 31 March 2024

Achievements and performance (continued)

Childcare Works – supporting the roll-out of the early years childcare expansion and wraparound childcare

We were appointed by the Department for Education to support the expansion of early years childcare and wraparound childcare, in a consortium made up of Coram, Mott MacDonald and Coram Hempsall’s, under the banner of ‘Childcare Works’. The contract is for 2 years, with work having started in January 2024.

As the Learning Partner in the consortium, we provide a microsite of information and resources for local authorities and providers, create best practice resources in response to emerging needs, provide the secretariat for an expert and stakeholder board, and work with Early Adopters of the wraparound childcare expansion.

Childcare Sufficiency Assessments

We completed Childcare Sufficiency Assessments for Swindon and Northumberland, helping to improve local understanding of how well the childcare market was meeting demand and action that could be taken to improve sufficiency. On the last day of the financial year we were contracted by the London Borough of Harrow to complete their assessment next year, and were also in conversation with London Borough of Bromley

Risk management

The Trustees have identified the major risks to which the charity may be exposed and consider that the systems in place are adequate to mitigate those risks. The Trustees have formalised procedures in place for reviewing risks each year. The key risks that the charity faces, along with the relevant mitigating actions, are:

Financial review

Financial overview

Coram Family and Childcare made an overall surplus for the year of £63,881 (2023: deficit of £9,276). This included a surplus on unrestricted funds of £74,322 (2023: £36,808) and a deficit on restricted funds of £10,441 (2023: deficit of £46,084).

Coram Family and Childcare Ltd 8

Trustees’ report Year to 31 March 2024

Financial review (continued)

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 2023/24 financial year our total funds stood at £453,453 which included restricted funds of £14,574 (2023: £25,015) and unrestricted funds totalling £438,879 (2023: £364,557). Unrestricted funds of £138,613 are held as designated funds to be used for the purpose of investment in specific projects which will increase our sustainability. With the exclusion of reserves represented by fixed assets, and designated funds, the free reserves of the charity at 31 March 2024 were £299,919 (2023: £196,480) compared to a target of £201,150. With the planned growth in activity, the target for reserves will increase in 2024/25 and the gap between actual and target free reserves is expected to decrease.

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.

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.

Future plans

Over the coming year we will continue to focus on the rollout of the expansion of funded childcare to ensure all children get the best possible early education and that children with SEND or from disadvantaged backgrounds are not negatively impacted by working with Government to keep childcare high on the agenda.

We will maintain our strong links with the early years sector and our support to the dedicated local authority teams providing Family Information Services through NAFIS. We plan to expand our Parent Champions work in the area of SEND and new focus areas, to increase breadth and depth of reach.

Coram Family and Childcare Ltd 9

Trustees’ report Year to 31 March 2024

Future plans (continued)

We will begin developing methods to increase parent voice across all relevant areas of our work, to ensure the needs and experiences of families remain central to our plans and embedded in delivery. We will continue to diversify our income streams and seek opportunities to deliver innovative projects and research studies, particularly in partnership with other parts of the Coram group or other expert organisations.

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 ‘Family and Childcare Trust’ became part of the Coram group and our name changed to ‘Coram Family and Childcare’.

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
Ade Lubinjo Appointed June 2024
Sarah Rance Appointed June 2024
Elizabeth Roberts Appointed June 2023
Holly Robinson (Treasurer)
Dr Judith Trowell
Yolanda William

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.

Coram Family and Childcare Ltd 10

Trustees’ report Year to 31 March 2024

Governance, structure and management (continued)

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.

Equality, Diversity and Inclusion (EDI)

We realise that being an organisation that is equal, diverse and inclusive is something to constantly work towards. The commitment to diversity was a strong characteristic in the results of the Investors in People reaccreditation, which was awarded at Gold Award standard in 2023, recognising the high level of engagement of staff with strategy and the organisational values, and its leadership. EDI remains a key priority in our development.

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.

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

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:

Coram Family and Childcare Ltd 11

Trustees’ report Year to 31 March 2024

Statement of Trustees’ responsibilities (continued)

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:

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 Chair

Approved by the Trustees on: 27[th] September 2024

Coram Family and Childcare Ltd 12

Independent auditor’s report 31 March 2024

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 2024 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 13

Independent auditor’s report 31 March 2024

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 14

Independent auditor’s report 31 March 2024

Responsibilities 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 15

Independent auditor’s report 31 March 2024

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 16

Independent auditor’s report 31 March 2024

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: 27 November 2024

Coram Family and Childcare Ltd 17

Statement of financial activities Year to 31 March 2024

(incorporating the income and expenditure account)

Notes
Un-
restricted
funds
£		 Restricted
funds
£		 Designated
Funds
£		 Total
funds
2024
£		 Total
funds
2023
£
Income from:
Donations
1
80,105
Charitable activities
. Advancement of the welfare of children
2
287,982
Interest receivable
4,934
Total income
373,021
Expenditure on:
Raising funds
22,173
Charitable activities
. Advancement of the welfare of children
276,526
Total expenditure
3
298,699
Net income (expenditure)
4
74,322
Transfer between funds
29,464
Net movement in funds
103,786
Reconciliation of funds:
Funds brought forward at 1 April 2023
270,803
Funds carried forward at 31 March
2024
300,267		 —
93,159
—
93,159
—
103,600
103,600
(10,441)
—
(10,441)
25,015
14,574		 —
—
—
—
—
—
—
—
(29,464)
(29,464)
168,077
138,613		 80,105
381,141
4,934		 100,952
207,771
1,518
466,180 375,800
22,173
380,126		 32,385
76,758
402,299 385,076
63,881
—		 (9,276)
—
63,881
389,572		 (9.276)
398,848
453,453 389,572

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 and therefore no separate statement of total recognised gains and losses has been presented.

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

Coram Family and Childcare Ltd 18

Balance Sheet 31 March 2024

2024 2024 2023 2023
Notes £ £ £ £
Fixed assets
Tangible fixed assets 6 347 942
Intangible fixed assets 7 — 3,000
347 3,942
Current assets
Debtors 8 137,929 112,498
Cash at bank and in hand 422,558 421,295
560,487 533,793
Liabilities
Creditors: amounts falling due
within one year 9 (107,381) (148,163)
Net current assets 453,106 385,630
Total net assets
453,453		 389,572
The funds of the charity
Unrestricted funds:
General funds 10 300,266 196,480
Designated funds 10 138,613 168,077
438,879 364,557
Restricted funds 10
14,574
 25,015
453,453 389,572

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: 27[th] September 2024

Coram Family and Childcare Ltd 19

Statement of cash flows Year to 31 March 2024

Notes
2024
£		 2023
£
16,521
1,518
1,518
18,039
403,256
421,295
Cash flows from operating activities:
Net cash (used in) / provided by 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 2023
B
Cash and cash equivalents at 31 March 2024
B
(3,131)


4,394
4,394

1,263


421,295

422,558

Notes to the statement of cash flows for the year to 31 March 2024

A Reconciliation of net income (expenditure) to net cash flows from operating activities

activities activities activities
B
C

 2024
£		 2023
£
(9,276)
3,595
(1,518)
43,805
(20,085)
Net income (expenditure) for the year (as per the statement of
financial activities)
Adjustments for:
Amortisation and depreciation charge
Interest receivable
(Increase)/ decrease in debtors
Decrease in creditors
Net cash provided by operating activities
Analysis of cash and cash equivalents		 63,881
3,595
(4,394)
(25,431)
(40,782)
(3,131) 16,521
2024
£
422,558

Other non-
cash
changes
£

—		 2023
£
421,295
At 31
March 2024
£
422,558
Total cash and cash equivalents:Cash at bank
Analysis of changes in net debt At 1 April
2023
£
Cash flows
£
Total cash and cash equivalents:Cash
at bank and in hand		 421,295
1,263

Coram Family and Childcare Ltd 20

Principal accounting policies 31 March 2024

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 2024 with comparative information provided in respect to the year to 31 March 2023.

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 financial statements 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), the Companies Act 2006 and the Charities Act 2011.

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 key 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 21

Principal accounting policies 31 March 2024

Assessment of going concern (continued)

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, fee and contractual income, and miscellaneous income.

Grants and donations are recognised when the charity has confirmation of both the amount and settlement date. In the event of donations and grants pledged but not received, the amount is accrued for where the receipt is considered probable. In the event that a donation is subject to conditions that require a level of performance before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that those conditions will be fulfilled in the reporting period.

Fee and contract income represents the amounts receivable for the services provided to clients, excluding value added tax, under contractual obligations, which are performed gradually over time. Incomplete contracts at the balance sheet date are accounted for by reference to the fair value of the work performed and amounts due but not received at the balance sheet date are described in the financial statements as contractual income debtors.

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.

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.

Volunteers and donated services and facilities

The value of services provided by volunteers is not incorporated into these financial statements.

Coram Family and Childcare Ltd 22

Principal accounting policies 31 March 2024

Where services are provided to the charity as a donation that would normally be purchased from suppliers, this contribution is included in the financial statements as both income and expenditure at its estimated fair value based on the value of the contribution to the charity. There were no such donations during the year.

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 and governance costs

Support costs represent indirect charitable expenditure. In order to carry out the primary purposes of the charity it is necessary to provide support in the form of personnel development, financial procedures, provision of office services and equipment and a suitable working environment.

Governance costs comprise the costs involving the public accountability of the charity (including audit costs) and costs in respect to its compliance with regulation and good practice.

Support costs and governance costs are apportioned using percentages based on the direct expenditure incurred on the activities of the charity.

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.

Operating leases

Rental charges are charged on a straight line basis over the term of the lease.

Coram Family and Childcare Ltd 23

Principal accounting policies 31 March 2024

Tangible fixed assets

Expenditure on the charity’s computer equipment of £2,500 per item or less is expended in the year of purchase. Items over £2,500 are capitalised and are stated at cost less depreciation. 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.

Debtors

Debtors are recognised at their settlement amount, less any provision for non-recoverability. Prepayments are valued at the amount prepaid. They have been discounted to the present value of the future cash receipt where such discounting is material.

Cash at bank and in hand and short term deposits

Cash at bank and in hand represents such accounts and instruments that are available on demand or have a maturity of less than three months from the date of acquisition. Deposits for more than three months but less than one year have been disclosed as short term deposits. Cash placed on deposit for more than one year is disclosed as a fixed asset investment.

Creditors and provisions

Creditors and provisions are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Creditors and provisions are recognised at the amount the charity anticipates it will pay to settle the debt. They have been discounted to the present value of the future cash payment where such discounting is material.

Coram Family and Childcare Ltd 24

Principal accounting policies 31 March 2024

Fund accounting

Restricted funds are to be used for specified 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.

Unrestricted funds are donations and other income received or generated for the objects of the charity without further specified purpose and are available as general funds.

Designated funds comprise monies set aside out of unrestricted general funds for specific future purposes or projects.

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 25

Notes to the financial statements 31 March 2024

1
2		 Income from donations Un-
restricted
fund
£
Restricted
funds
£
2024
Total
funds
£
2023
Total
funds
£
Donations £1,000 and over from trusts,
individuals and other organisations
-
Esmée Fairbairn Foundation
-
Better Childcare for disabled children
Donations under £1000 from trusts,
individuals and other organisations		 80,000
—
80,000
80,000
—
—
—
20,833
105
—
105
119
80,105
—
80,105
100,952
Income from charitable activities
Income from charitable activities
Un-
restricted
fund
£		 Restricted
funds
£		 2024
Total
funds
£		 2023
Total
funds
£
Trust for London – Parent Champions for
Advocacy
Young Dads Collective
Nottingham Small Steps Big Changes
Parent Champions Schemes
Parent Champions – National Network
Membership
Hempsall's DfE
Redbridge Co-production
Other Income
Joseph Rowntree Foundation
Nuffield
Nuffield Funded Early Education
Entitlement
NAFIS – Membership & others
DfE Early Years Engagement Partner
The Mercers’ Company Grant
Barnardos Virtual Family
Swindon CSA
Northumberland PPI
LGA
DfE EY WAC
Total income from charitable activities		 —
—
—
38,000
14,344
7,367
—
7,310
—
—
—
27,842
82,318
—
12,616
20,775
7,160
7,910
62,340		 —
36,389
—
—
—
—
—
—
—
—
26,452
—
—
30,318
—
—
—
—
—		 —
36,389
—
38,000
14,344
7,367
—
7,310
—
—
26,452
27,842
82,318
30,318
12,616
20,775
7,160
7,910
62,340		 33,000
31,126
38,093
34,240
16,629
50,683
4,000
—
6,575
2,000
5,316
20,366
31,302
—
—
—
—
—
—
287,982 93,159 381,141 273,330

Coram Family and Childcare Ltd 26

Notes to the financial statements 31 March 2024

3 Expenditure

Cost of
raising funds
£
Charitable
Activities
£
172,278
1,610
—
—
136,756
—
—
—
310,644
60,583
8,899
380,126
352,690		 Governance
£
Support
Costs
£
2024
Total
£		 2023
Total

£
Staff costs
Consultancy costs
Premises costs
Audit, accountancy
and professional
fees
Project costs
Finance, HR, and IT
Other staff costs
Amortisation
Support costs
Governance costs
Total expenditure
2024
Total expenditure
2023		 9,353
—
—
—
5,100
—
—
—		 —
—
—
9,888
—
—
—
—		 —
—
6,703

—
—
55,723
1,293
3,595
181,631

1,610

6,703

9,888

141,856

55,723

1,293

3,595		 186,568
17,889
7,661
9,485
116,000
42,714
1,164
3,595
14,453
6,731
989		 9,888
—
(9,888)
67,314
(67,314)
—
402,299

—

—		 385,076
—
—
22,173 — —
402,299		 385,076
32,385 — —
—		 385,076

Support and governance costs are allocated to each activity area in proportion with the income earned in each area.

4 Net income (expenditure) for the year and net movement in funds This is stated after charging:

Net income (expenditure) for the year and
This is stated after charging:		 net movement in funds
2024 2023
£ £
Staff costs (note 5) 184,534 204,458
Depreciation (note 6) 595 595
Amortisation (note 7) 3,000 3,000
Auditors' remuneration 9,475 9,483

Coram Family and Childcare Ltd 27

Notes to the financial statements 31 March 2024

5 Staff costs

Staff costs
2024
£		 2023
£
Salaries and wages
Social security costs
Other pension costs
Total salary costs per payroll
Other staffing costs
Total staff costs		 160,427
14,628
6,576		 163,204
15,968
7,397
181,631
2,903		 186,569
17,889
184,534 204,458

The average monthly number of employees during the year was as follows:

2024
Number		 2023
Number
Raising funds
Direct Charitable Activity
Support and governance

There were no employees who earned £60,000 or more (including taxable benefits but excluding employer pension costs and employer’s national insurance) during the year (2023 – no employees)

Key management personnel are defined as the Trustees and one member of the senior management team (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 an individual’s performance within that role. Internal benchmarking is conducted to ensure that remuneration levels within the Coram Group are consistent for the level of responsibilities. Remuneration is agreed by the Coram Group Senior Management Team consisting of the Chief Executive, Chief Finance Officer and the Director of Operations.

The total employee benefits (including taxable benefits, employer’s pension and employer's national insurance contributions) of the key management personnel were £46,285 (2023: £40,258).

No Trustee received any remuneration during the year (2023 - £nil). No Trustee (2023 - £nil) was reimbursed for travel expenses.

Coram Family and Childcare Ltd 28

Notes to the financial statements 31 March 2024

6 Tangible fixed assets

Computer
equipment
£
Cost
At 1 April 2023 and at 31 March 2024
Depreciation
At 1 April 2023
Charge for the year
At 31 March 2024
Net book value
At 31 March 2024
At 31 March 2023		 2,380
1,438
595
2,033
347
942

7 Intangible fixed assets

Database
development
£
Cost
At 1 April 2023 and at 31 March 2024
Amortisation
At 1 April 2023
Charge for the year
At 31 March 2024
Net book value
At 31 March 2024
At 31 March 2023		 15,000
12,000
3,000
15,000
—
3,000
Debtors 2024
£
2023
£
65,246
30,226
71,996
67,456
—
14,412
—
404
687
—
137,929
112,498
Accrued income
Fees receivable
Amounts due from parent undertaking – Coram
Amounts due from fellow subsidiaries – Coram Children’s Legal Centre
Prepayments

8 Debtors

Coram Family and Childcare Ltd 29

Notes to the financial statements 31 March 2024

9 Creditors: Amounts falling due within one year

Creditors: Amounts falling due within one year
2024
£
1,668
14,433
2,374
23,492
5,773
8,825
50,816
107,381		 2023
£
9,278
20,709
496
32,972
—
—
84,708
148,163
Trade Creditors
Social security, pension and other taxation
Other creditors
Accruals and other creditors
Amounts owed to parent undertaking – Coram
Amounts owed to fellow subsidiaries – Coram Hempsall’s
Deferred income and fees in advance
Total

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:

2024
£		 2023
£
At 1 April 2023
Released in the year
New deferrals
At 31 March 2024		 84,708
(84,708)
50,816
50,816		 75,204
(75,204)
84,708
84,708
Movements in funds
Restricted funds:
Young Dad’s Collective
Nuffield Funded Early Education
Entitlement
The Mercers’ Company Grant
Total restricted funds
Unrestricted funds:
General Funds
Designated Funds
Total unrestricted funds
Total funds		 At 1 April
2023
£		 Income
£		 Expenditure
£		 Transfers
£		 At 31 March
2024
£
—
2,544
12,030
14,574
300,266
138,613
438,879
453,453
25,015
—
—		 36,389
26,452
30,318		 (61,404)
(23,908)
(18,288)		 —
—
—
25,015 93,159 (103,600) —
196,480
168,077		 373,021
—		 (298,699)
—		 29,464
(29,464)
364,557 373,021 (298,699) —
389,572 466,180 (402,299) —

10 Movements in funds

Coram Family and Childcare Ltd 30

Notes to the financial statements 31 March 2024

10 Movements in funds (continued)

Restricted funds

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.

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.

The Mercers’ Company Grant

Funding to increase parental confidence to develop emergent literacy skills in the home environment.

Designated Funds

Funds to be used for the purpose of investment in additional staff and other resources for specific projects over the next 3 to 5 years, which will increase the sustainabilit y of the charity.

11 Analysis of net assets between funds

Unrestricted
funds
£
Restricted
funds
£
Total funds
2024
£
Fixed assets
Intangible fixed assets
Current assets
Current liabilities
Net assets at 31 March 2024		 347
—
545,913
(107,381)
—

—

14,574
—
347

—

560,487

(107,381)
438,879
14,574
453,453

12 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.

Other than as disclosed above (and within note 5) there were no other related party transactions during the period of report (2023: no other transactions).

Coram Family and Childcare Ltd 31

Notes to the financial statements 31 March 2024

13 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.

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.

14 Taxation

Coram Family and Childcare Ltd is a registered charity and, therefore, is not liable to income tax or corporation tax on income derived from its charitable activities, as it falls within the various exemptions available to registered charities.

Coram Family and Childcare Ltd 32

Appendix:

Comparative statement of financial activities Year to 31 March 2023

Notes Un-
restricted
funds
£		 Restricted
funds
£		 Total
funds
2023
£
Income from:
Donations
1
Charitable activities
2
. Programme & Delivery
. Research & Policy
Interest receivable
Total income
Expenditure on:
Raising funds
Charitable activities
. Programme & Delivery
. Research & Policy
Total expenditure
3
Net income (expenditure) 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
304,358 71,442 375,800
32,385
165,723
69,442		 —
110,210
7,316		 32,385
275,933
76,758
267,550 117,526 385,076
36,808
327,749		 (46,084)
71,099		 (9,276)
398,848
364,557 25,015 389,572

Coram Family and Childcare Ltd 33

Appendix:

Comparative notes to the financial statements Year to 31 March 2023

1 Donations

Un-restricted
fund
£
80,000
20,833
119
100,952		 Restricted
funds
£
—
—
—
—		 2023
Total
funds
£
80,000
20,833
119
100,952
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
Research & Policy
Joseph Rowntree Foundation
Greater London Authority
Nuffield
Nuffield Funded Early Education Entitlement
NAFIS – Membership & others
DfE Early Years Engagement Partner
Total income from charitable activities		 Un-restricted
fund
£
—
—
—
38,093
—
34,240
16,629
50,683
4,000
—
143,645
6,575
—
—
—
20,366
31,302
58,243
201,888		 Restricted
funds
£
—
33,000
31,126
—
—
—
—
—
—
—
64,126
—
—
2,000
5,316
—
—
7,316
71,442		 2023
Total
funds
£
—
33,000
31,126
38,093
—
34,240
16,629
50,683
4,000
—
207,771
6,575
—
2,000
5,316
20,366
31,302
65,559
273,330

Coram Family and Childcare Ltd 34

Appendix:

Comparative notes to the financial statements Year to 31 March 2023

3 Expenditure

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

Programme
& Delivery
£
Research &
Policy
£
Staff costs
Consultancy costs
Premises costs
Audit, accountancy
and professional fees
Project costs
Finance, HR, and IT
Other staff costs
Amortisation
Support costs
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
25,923
5,513
949		 233,284
36,389
6,260
61,250
13,232
2,276
9,485

—
(9,485)
55,134

(55,134)
—
385,076

—

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

Support and governance costs are allocated to each activity area in proportion with the income earned in each area.

10 Movements in funds

Movements in funds
Restricted funds:
Programme & Delivery
Trust for London
Young Dad’s Collective
Greater London Authority Grant
Subtotal - Programmes & Delivery
Research & Policy
Nuffield Foundation
Nuffield Funded Early Education
Entitlement
Subtotal - Research & Policy
Total restricted funds
General Funds
Designated Funds
Total unrestricted funds
Total funds		 At 1 April
2022
£		 Income
and gains
£		 Expenditure
and losses
£		 Transfers
£		 At 31 March
2023
£
7,959
62,640
500		 33,000
31,126
—		 (40,959)
(68,751)
(500)		 —
25,015
—
71,099 64,126 (110,210) 25,015
—
—		 2,000
5,316		 (2,000)
(5,316)		 —
—
— 7,316 (7,316) —
71,099 71,442 (117,526) 25,015
327,749
—		 304,358
—		 (267,550)
—		 (168,077)
168,077		 196,480
168,077
327,749 304,358 (267,550) — 364,557
398,848 375,800 (385,076) — 389,572

Coram Family and Childcare Ltd 35

Appendix:

Comparative notes to the financial statements Year to 31 March 2023

11 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

Coram Family and Childcare Ltd 36