Registered number: 03719101 Charity number: 1084124 COMMUNITY FOSTER CARE (A company limited by guarantee) TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
COMMUNITY FOSTER CARE IA company limited by guarantee) CONTENTS Page Reference and admlnlstratlve detalls of the Company, Its Trustees and advlsers Chairman's statement Trustees. report Independent auditor's report on thg financial ststomonts Statement of financial activities 4-12 13-17 18 Balance sheet Statement of cash flows 20 Notes to the financial ststomgnts 21-40
COMMUNITY FOSTER CARE IA company limited by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2022 Trustees M Slralon J Jansen C Wade J Dwight, Chair, as of July 2022 D Con8ty Is1gned 28 February 20221 S Malone Mcox Company registered number 03719101 Charity registered number 1084124 Registered office and principal address Unil A, 76 Kingsholm Road, Gloucester, GIOUStershIre, GL1 3BD Company secretary J Dwight Chief executive officer M Kingston Registered manager E Weaver Senior leadership team M Kingston E Weaver SHart D Whilson-Jones Independent auditor Crowe U.K. LLP, Fourth Floor, St James House, St James Square, Cheltenham, GL50 3PR Bankers Nalwest, 2nd Floor, The Quadrangle, The Promenade, Cheltenham, Gloucestershire, GL50 1 PX Page 1
COMMUNITY FOSTER CARE IA company limited by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2022 Solicitors BPE, St James, House, Sl James, Square, Cheltenham, Gloucestershire, GL50 3PR Page 2
COMMUNITY FOSTER CARE IA company limited by guarantee) CHAIRMAN'S STATEMENT FOR THE YEAR ENDED 31 MARCH 2022 The COVID-19 pandemic continued to have an adverse effect on Community Foster Care ICFCI this year in terms of additional pressures on stsff and carers. Despite this the community continued lo utilise new technology and ensured that young people, staff, and carers remained as safe as possible in this period. Financially the charity finished the year in positive terms and trustees were able to commit to a development fund lo be carried foNard into next year. The aim of this is to promote innovation and ulilise as many resources as possible for the benefit of Young People in the next few years. We are aware that marketing our services is an essential part of retsining and growing our team of carers, the mainstay of our business. We have, therefore, invested in marketing and are ulilising media sources to continue this work. Strategically our Iherapeulic approach was further developed and has resulted in exlIent progress in enabling Community Foster Care to thrive as a trauma informed organisation. None of this would be possible without the drive and commitment of our C.E.O and the Senior Leadership Team, along with our dedicated and talented staff team. Our amazing carers have also worked tirelessly to ensure that the aims of our organisation are achieved and that Young People within our care flourish. Thank you to all involved. l am excited lo embark on my tenure as Chair of Trustees al CFC. The oryanisation is in a strong position to grow through the implementation of ils new strategy. This would not have been possible without the stewardship of Charles Wade, the previous Chair, who has guided the organisalion with passion and vigour through some challenging times. I would like to extend my thanks, and those of the wider organisalion lo Charles for all that he has done, and l am grateful he has agreed lo remain a valued member of the board of trustees. Name.. Jennie Dwight Chair of the Board of Directors and Trustees Dale.. Page 3
COMMUNITY FOSTER CARE IA company limited by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDEO 31 MARCH 2022 The Trustees present their report and audited financial statements for the year ended 31 st March 2022. The Board of Trustees Jennie Dwight Ichairl Joanna Jansen (Trusteel Mariana Slralon (Trusteel Charles Wade (Trusleel Stephenie Malone (Trusteel Mary Cox (Trusleel Jane Comerford (Trusleel Structure, Governance and Management Governin Document The organisation is a charitable company limited by guarantee, incorporated on 24 February 1999 Iregistralion number 037191011 and registered as a Charity on 15 December 2000 (Charity number 10841241. The Charity was estsblished under a Memorandum of Association, as amended by Special Resolutions dated 25 November 2009, 1 February 2012, and 30 May 2012, which established the objectives and powers of the charitable company and is governed under its Articles of Association. On the 30 July 2018 these articles were extended lo Incorporate the work undertaken by Community Famity Care and to enable this work to be continued by Community Foster Care. Recruitment and A ointment of Trustees The Directors of the Charity are also Trustees for the purposes of Charity law. During the year, one new Trustee has been appointed and one Trustee resigned. After the year end (July 20221 Jennie Dwight was appointed Chair, taking over from Chades Wade, who remains a Iruslee. The board continues to be made up of seven Trustees. In addition lo the Trustees there are Foster Carers Inon-votingl who regularly attend the Board meetings. One from the service in the north and one from the service In the south. Their role is primarily lo represent the views of the foster carers. All of the Charity's work focuses upon children, young people and their families and the Board of Trustees has sought to ensure that the needs of this group are appropriately reflected on the Board. For example, we have Trustees with professional backgrounds In family law, education, fostering, complian, and employment law. The Board Is always seeking to ensure it has the appropriate skill sets required to further develop the Charity. Community Foster Care ensures that any new Trustee is selected and recruited safely in line with expected practice and regulations. Trustee Trainin All Trustees are required lo undertake an induction, along with prospective Trustees, lo familiarise themselves with all aspects of the Charity and the context within which il operates. We ensure Tru51ees are provided with information regarding.. The obligations of Trustees Irules of engagemenll The main documents which set out the operational framework for the Charity including the Memorandum and Articles and the Fostering Service (England) Regulations 2011 The Charity's business strategy. Page 4
COMMUNITY FOSTER CARE IA company limited by guarantee) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDEO 31 MARCH 2022 The Trustees & SLT continue to operate within the Scheme of Delegation that was revised In 20-21 year. This Scheme of Delegation sel out Terms of Reference for three subgroups, each of which report to the Trustees. Each of these groups has responsibility for, and consideration of areas of the organisation's strategy. The three Sub-Groups are.. The Fostering Quality Assurance Group Promoting Good Outcomes, People & Safeguarding Group Finan and Resources Group Each of these groups and the Board of Trustees meet three times a year. Therefore, there is formal board involvement with the charity on a monthly basis. There is also provision for an extraordinary Trustee's meeting to be called if it is required. There were no extraordinary Trustees meets'ngs held in the period. Risk Mana emenl The organisations Risk Register was reviewed in the year with oversight from our Accountants, Crowe. This was presented lo and adopted by the board in June 2020. Regular reviews of the Risk Register have been embedded in the organisalions governance structure and is a standing item on the agenda of each subgroup with each subgroup taking ownership of appropriate identified risks. The Charity's policies are regularly reviewed in light of new guidance andlor legislation received from the Government. CFC strives for excellence in all ils work and is commilled to ensuring the appropriate regulations are adhered to which protect the child in plaMent, the Foster Carers, the staff team and the Board of Trustees. Furthermore, the organisalion works with Tri.X to ensure policies are reviewed externally to ensure they are held lo the highest standard and in line with changes in legislation or recommended best practice. A key risk area is the reduction of income from our foster pl8mentS. Significant work has been taking place lo mitigate this risk, including enhanced financial procedures, a crUItMent strategy, ensuring purchasers meet additional ongoing costs identified within placements and routine robust financial monitoring. Community Foster Care continues to comply with GDPR and engages with the ICO regularfy to ensure ils guidan is up lo date, all staff are appropriately trsined and any data breaches or near misses are reported appropriately. The organisalion commissioned a gap analysis of its compliance with GDPR legislats'on which identified some areas of improvement. An action plan is being developed to implement these changes. The health and safety of employees is constantly under review and procedures are in place to ensure compliance with the heah and safety of stsff, volunteers, Foster Carers and visitors. The health and safety of children and Foster Carers is given the highest priority and the governance for this is dictated under the Fostering Service (Englandl Regulations 2011. Covid-19 Although COVID-19 is having less impact on day-to-day life, il is still being fell at Community Foster Care. Learning and impact from the pandemic, has led to developments in how the organisalion works, including an evolution of our working style. However, we also ensure face lo face meetings lake pla, where these are seen lo be beneficial. The organisation wasn't immune from the 'greal resignation, la phenomenon, that saw people change roles globally). We experienced higher than normal resignations from stsff and Foster Carers. Despite the challenges this created, CFC now has a full complement of staff, and is strategically over staffed in the social work team to allow greater focus on carer recruitment, assessment and in turn approval. The Trustees and management team monitor this closely and have reviewed contingency processes should they Page 5
COMMUNITY FOSTER CARE IA company limited by guarantee) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDEO 31 MARCH 2022 be required. anisational Structure Community Foster Care has a Board of Trustees which is responsible for the strategic direction of the charity and meets as a full Board three times a year. Recruitment of new Trustees is ongoing and continually kept under review by the Board. The day-to-day responsibility for the provision of the service rests with the Chief Executive, who is responsible for ensuring that the charity delivers the services specified and that key performan Indicators are mel. The Chief Executive Is supported by a Senior Leadership Team which is made up of a Registered Manager, a Service Manager and a Business Development Manager. In line with the business plan, our fostering service moved from holding Ofsted regislralions lo one. This transition was managed in close discussion with Otsled. This means the organisalion operates with one Registered Manager who is overseeing the whole of Community Foster Care's Fostering serViS. After the end of the financial reporting year, we were visited by Ofsted (June 20221. The outcome of the Inspection was a good rating in all areas. The inspection report can be found here. In particular Ofsled noted that the organisalion is working well under one registration. The Business Support Team has continued lo grow in line with the organisalion's business plan. Most significantly the prO$S of recruiting an internal Finan Manager and FinanTr Business Support Officer. This has been a sucTrssful venture and has significantly increased the financial reporting and analysis capability within the organisalion. In addition, the organisalion continues to invest In Marketing & Recruitment, HR and Adminislralion functions. The organisalion awarded all stsff and Foster Carers a cost-of-living increment in year and continues lo monitor the competitiveness of Ils salaries. Pay Scales are also currendy under review. This is being conducted by the HR officer who is bench marking against similar organisations seeking to ensure salaries, including those of the senior leadership team are in line with the market. This will continue lo include a clear, consistent, incremental pay scale across the organisalion. Public Benefit and Social Im act A significant public benefit of Community Foster Care is providing opportunities for members of the local community lo foster. Community Foster Care believes that good foster carers come from all communities and backgrounds. We acb.vely seek carers from all communities lo strengthen our ability to meet the diverse needs of the children in the care population. The work Community Foster Care undertakes is in line with ils Memorandum and Articles of Association, the geographical restriction was amended In 2004. The Trustees amended the Memorandum and Articles of Association in May 2017 to bring them in line with recent guidance. The Trustees also noted in early 2018, that the revised Memorandum and Articles of Association should be widened to allow for the wider activities of our parent charity, Community Family Care lo be undertaken within Community Foster Care. These revisions were rectified in the special resolution on the 30 July 2018 by the Trustees. This enabled the Trustees to dissolve the parent charity, Community Family Care on171h May 20191, but the important work of this Charity continues within Community Foster Care. The Board of Trustees confirms that they have complied with their duty in Section 17 of the Charities Act 2011 to have due regard to public benefit guidan published by the Charity Commission for England and Wales. The social impact of the work of the charity Is deemed significant. Community Foster Care looks after some of the most disadvantaged children and young people in society. The majority will have experienced some form of abuse and neglect, experienced difficulties with educational attainment and are commonly isolated from their Page 6
COMMUNITY FOSTER CARE IA company limited by guarantee) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDEO 31 MARCH 2022 peer groups. Through our work, we provide security of family life, encouragement and guidan in education and develop self-esleem lo play a more active and conslruclive role in society- At the end of March 2022, we cared for 36 12021.. 431 children and young people on behalf of Local Authorities and, during the year 2021-2022, over 41 12020-2021., 741 children and young people benefitted from our care. Although the number of young people In our care was reduced at the end of March, we are encouraged that a number of those young people reached Independence in the last quarter of the year, and we continue to see growth of young people in our Care since the year end. Fundraising The Charity has no fundraising activities requiring disclosure under S162A of the Charities Act 2011. Objectives and Activities The objects of the Charity as amended on 30 July 2018 are.. OBJECTS The Charity's objects, restricted specifically for the public benefit, are.. al To operate a foster care agency in the United Kingdom regarding training and approving Foster Carers in particular but not exclusively from social and economically deprived areas. bl To provide relief to children and young people in need and in particular those in the care of, or accommodated by, a local authority by.. Ill providing them with, or otherwise assisting in the provision of, a placement or placements in suitable accommodation and providing them with, or assisting in the provision of, appropriate carers with the aim of providing them with a stsble family life,. and Iiil providing for their education and estsblishmenl in life. cl To promote and protect the good health of children, young people, adults, and their families who are in need or who are socially and economically disadvantaged In any way and in particular those who have been in the care of, or accommodated by, a Local Authority by.. Ill providing training, support and guidance., Iiil providing them with, or otherwise assisting in the provision of, a placement or placements in suitable accommodation and providing them with, or assisting in the provision of, appropriate carers with the aim of improving family life.. and Iiiil providing for their education and estsblishmenl in life. dl The relief of povety and in particular the assistance of children and adults who have as children been in Local Authority care and their families. A key strand of the Community Foster Care approach is to develop longstanding relationships with communities often disadvantaged communities. Potential foster carers are largeled from all areas of the community including socially and economically disadvantsged areas. Community Foster Care's approach has been to develop the skills and social capitsl within these specific neighbourhoods, with a view lo enabling families within these communities lo provide warm stable homes to children in need of them. This approach sees our Interventions building the knowledge and resources within these communibes. We have introduced an Innovative approach lo the recruitment of foster carers. Community Foster Care aims lo provide.. A commitment lo a child cenlred approach High quality foster care in a family setting for children and young people Respect for racial, cultural and religious backgrounds of all the children and young people Care for the disability, gender and sexuality of foster children during the matching prO$S 24-hour support for foster carers Page 7
COMMUNITY FOSTER CARE IA company limited by guarantee) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDEO 31 MARCH 2022 Carers who will respect the children's rights in their homes under the UN Convention on Children's Rights and not administer corporal punishment lo any child A commitment to the on-going learning and training of foster carers A commitment to the on-going learning and training of all Plament Support Workers and Social Workers employed by Community Foster Care and all other support staff. Business Planning After considerable progress on our previous strategy 12019-20221, SLT, supported by the trustees and wider staff team reviewed and began lo implement a new strategy that was based on the success and learning of the previous one. Our new strategy continues lo consider six threads. These are.. Fostering Better Outcomes Talented Inspired People Empowering Efficient Systems Connecting Children with Families Effective Use of Resources Charity Viability. Senior Managers have worked closely with the Trustees to develop this ambitious plan for this period. This strategy has built a firm foundation underpinned by our values and purpose, which were reviewed with staff, foster carers and children in 2018. Based on a deep understanding of these we have created a plan that further develops our ability to achieve our purpose. Achlevements and Perfomianee durlng 2021-22 The table below details the number of children placed with our carers at the end of each fiscal year. Planned breaks and stsying pul arrangements are not included. Numbers of Children livin with CFC ¢arers 2014 2015 2016 2017 2018 14 10 13 13 17 30 34 31 35 33 44 44 48 50 2019 10 31 41 2020 20 31 51 2021 19 24 2022 18 20 38 North South Total There is a reduction in the numbers of children living with CFC carers, which the management team have viewed and implemented plans to grow these numbers. Most notsbly the main reason for the drop in placements has been that a significant number of young people have moved on for planned and positive aSOnS i.e. moving into independence. This is something the agency celebrates and is proud of. Similarly, the table below illuslrales the number of approved fostering households al the end of each year. Numbers of Fosterin 2014 2015 15 30 45 Households 2016 2017 13 11 35 36 48 47 2018 13 34 47 2019 14 37 51 2020 15 31 46 2021 14 28 42 2022 15 26 41 North South Total 28 37 The recruilmenl of carers remains a key issue for Community Foster Care, as il does for all agencies across the country. We continue to invest in a marketing and recruitment officer which has started to show dividends. Financial performance as detsiled in this report shows the Charity making a surplus of £15,932 for the year. This Page 8
COMMUNITY FOSTER CARE IA company limited by guarantee) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDEO 31 MARCH 2022 performance is a slight improvement on the budget agreed by the board pre year. The main reasons for this Increase are.. Improved income on forecast. Underspend in areas restricted by the pandemic During 202112022 the Charity continued to make use of social media and is continuing to develop its strategy of online recruitment. Our 'organic' following has grown over the year. However, as part of our recruitment strategy we are focusing more heavily on reaching more people who may not be awa of Community Foster Care through 'p8id forf advertising on Fabook and Go(4le Adwords. We have reF)Orted on page likes and followers in previous annual reports, however, as our understanding and use of online marketing tools becomes more sophisliealed, we are focusing more on our 're8ch' to people who don't organically follow us. Our p8id-for and organic posts have reached an estimated 1,487,688 people120-21". est 2,000,000 people) in the reporting period. This reduction is because we implemented better targeting of paid for adverts lo reach more appropriate people. As we leam more, refine our approach and utilise our new branding and website we hope lo see further benefit. We have offices in Royal Wootton Basset, Lancaster and Workington which meet the needs of our carers in these 1oc81ilies. A Social Worker and 8 Placement Support Worker operate from these offices, which is 81so 8 base for training. As we continue lo adopt a 'one organis8tion' appr08ch other key roles are based in these offices. Our registered office is in Gloucester. Although this office provides for the organisalions core functionality, we are intasInglY distributing functionality across our footprint and using technology to enable succinct working. The organisalion has worked h8rd to ensure our office spaces are used more effectively, by staff, carers and young people, having moved away from periods of lock downs. It is still a vital part of Community Foster Care's approach lo be embedded in our community and as such there a no plans to reduce our office provision. Community Foster Care is committed to providing a range of activities and support lo our children and young people. Although numerous outings and one to one support aclivib'es were planned in both our regions during the year many have had to be cancelled or rearranged. The team has been really creative in using technology to continue to support young people during lockdown, but this does mean there has been an underspend on activities in the year. We were able lo reinstate our annual Carer Aw8rd events in both regions after they didn't go ahead last year. They were held in recognition of the work our carers undertake and to reward their commitment lo the children and young people in their care. The were also several activities al Christmas for all our children. Community Family Care Our Family Care section has eontinued ils work in the following areas.. FamilylPlacement Support Work Support Workers support f8milies through family support work al an 'e8rly help, level. Main SUPF)Ort themes are supporting with morninglevening routines, managing challenging behaviour in the home, and improving parental confidence in implementing parenting slralegies. Support Workers are also providing regu18r support to looked after young people living in our foster families in order to support placement stability. This has continued throughout COVID-19 with most interventions being conducted digit811y. However, where f8ce-to-faee contact has been deemed critical to 8 CYPS safety andlor placement stability a risk assessment has Page 9
COMMUNITY FOSTER CARE IA company limited by guarantee) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDEO 31 MARCH 2022 been conducted. Art Journal Project Support Workers are currently supporting young people on a 1..1 or group basis through the Art Journal project. The sessions are either being completed al school or in a confidential space within the community. Community Family Care continues to deliver on Iwo block contracts awarded in 18119.. Bradford on Avon Youth Services A 3.5 year contract to deliver a youth service for Bradford on Avon consisting of Centre Based Provision Detsched work 1..1 work Participation This is a continuation of an initial contract that ran from 2018-2021. The current contract runs through until March 2025. Famlly Group Conferences- North Somerset Family Group Conference IFGCI service covering North Somerset. The service launched on 1st January 2019 and CFC is commissioned to provide a minimum of 24 completed FGCS per year. FGCS are an effective tool for supporting families lo problem solve for themselves. Referrals are reiVed from Social Workers who have identifi'ed families.. On the verge of family breakdown. With a Child who is al risk of becoming Looked After. With a Child needing a Child Prolecb"on Plan. With a Child in Pre-ProTredings. With a Child subject to Care Proceedings. The family must be in agreement with being put forward for an FGC and must consent to a referral. A Co- ordinalor is allocated lo the family and arranges the FGC, which is a meeting. The meeting is split into different parts. Professionals are present for the initial information giving part, the family are then given lime alone to talk and come LJP With a plan for addressing the issues raised by professionals in the first part of the meeting. The plan needs to be agreed by professionals and is then reviewed after 3 months. This service was referred to favourably in the North Somersel Council's Ofsted report. This contract was for an initial period of 3 years with an optional extension of 2 years. North Somerset CoLJncil enacted this extension. and the current arrangement continues lo December 2023. We are currently in discussions with the Local Authority about their recommissioning intentions. Financial Review 2021-2022 The continued financial pressLJre on Local Authorities is having a major impact upon the Independent Fostering Sector. The level of turnover in many of the larger foster care agencies is declining. Despite this Community Foster Care has made a surplus in 2021-2022. There was a Surplus of £15,932 in 202112210.67°A of lurnoverl. Page 10
COMMUNITY FOSTER CARE IA company limited by guarantee) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDEO 31 MARCH 2022 Turnover for the year was £2,335,874, a 4. 16°k decrease from the previous year. Community Foster Care's principal funding source is the income from Local Authority contracts. This has decreased from c.£2.33M in 20- 21 to c.£2.23M In 21-22. The funds available as at 31st March 2022 are £725, 175 of which £0 is restricted. It is vital that the Charity increases the number of Foster Carers to offer more choice to authorities when making placements and lo ensure that Community Foster Care maintains its strong ethical matching of children policy, whilst Increasing ils turnover. The Charity would not be fulfilling Ils purpose, if pursuing increased turnover compromised the needs of children. Investment Policy The organisation doesn't currently have reserves capital lo invest for the purposes of capital gain. The Trustees, position is that if there is an excess of reserves this will be invested in furthering the charity's mission. Reserves Policy The Trustees continue to examine the Charity's requirements for reserves considering the main risks to the Charity on a yeady basis. We calculate for a combination of adverse events plus the funds needed for a managed close down. These reserves are needed to meet the working capitsl requirements of the Charity and the Trustees are confident that at this level they would be able lo continue the current activities of the Charity in the event of a significant drop in funding. Additionally, in the event that Community Foster Care ceases to operate. the additional reserves will ensure that children and young people enjoy a lengthy transition period into their new pl8mentS. This position is currently reviewed annually and was last reviewed in September 2022. At the end of the year, the reserves available lo the Charity were c.£725k which Is 40.2°k higher than the funds required by the reserves poli. Ordinarily the Trustees and Senior Management Team would be exploring the best ways lo invest these additional funds lo benefit CYP and families. However, In light of the concern about significant reduction In carer numbers Il is felt prudent lo hold an enhanced level of reserves for at least the short term. Plans for the Future Periods The charity ha5 been operating within Ils strategic plan lo drive the charity forward over the last three years. Underpinned by a renewed belief in the charity's purpose and values this strategy will guide the charity into a period of measured growth. Over the coming three years the charity will priorilise.. Carer recruitment Developing the plament offer Ensuring the website, marketing and communication strategy remain live and active Securing block purchase contracts for Family Care service developments where available and aligned with our strategic intent. Responsibilities of the Trustees The Trustees (who are also directors of Community Foster Care for purposes of Company lawl are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and the United Kingdom Generally Accepted Accounting Practi (United Kingdom Accounting Slandardsl. Company law requires the Trustees to prepare financial slalements for each financial year. Under company law, the Trustees musl not approve the financial statements unless they are satisfied that they give a true and fair view of the stale of affairs of the charitable company and of the incoming resources and application of reSoUrs, Page11
COMMUNITY FOSTER CARE IA company limited by guarantee) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDEO 31 MARCH 2022 including the Income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to., select suitsble accounting policies and then apply them consistently", observe the methods and principles in the Charities SORP., make judgements and estimates that are reasonable and prudent., slate whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements,. and prepare the financial statements on the going concern basis unless Il is inappropriate to presume that the charitable company will continue in business. The Trustees are responsible for ensuring that adequate accounting records are maintained that are sufficient lo show and explain the Charity's transactions and disclose, with reasonable accuracy al any time, the financial position of the Charity 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 Charity and ensuring their proper application in accordanTr with Charity law and hence for taking reasonable steps for the prevention and detection of traud and other irregularities. Members of the Board of Trustees Members of the Board of Trustees, who are Directors for the purposes of company law and Trustees for the purposes of Charity law, who served during the year and up to the date of this report are sel out on page one of this report. In accordance with company law, as the Company's Directors, we certify Ihal.. So far as we are aware, there is no relevant audit information of which the Company's auditors are unaware., and As the directors of the Company, we have taken all the steps that we ought to have taken in order to make ourselves aware of any relevant audit information and to establish that the Charity's auditors are aware of this information. Audltor Crowe U.K. LLP have expressed their willingness lo continue in office as auditor. This report has been prepared in accordance with the Statement of Recommended Practice., Accounting and Reporting by Charities and in accordance with the special provisions of Section 415A of the Companies Act 2006 relating to small entities. Approved by order of the members of the board of Trustees and signed on their behalf by.. J Dwight Chair Page 12
COMMUNITY FOSTER CARE IA company limited by guarantee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF COMMUNITY FOSTER CARE Oplnlon We have audited the financial statements of Community Foster Care (the 'charitable company'l for the year ended 31 March 2022 which comprise the Statement of financial activities, the Balance sheet, the Slalement of cash flows and the related notes, including a summary of significant accounting policies. 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 Stsndard applicable in the UK and Republic of Ireland, (United Kingdom Generally Accepted Accounting Practi1. In our opinion the financial statements.. give a true and fair view of the slate of the charitable company's affairs as at 31 March 2022 and of ils incoming resources and application of resources, including its income and expenditure for the year then ended., have been properfy prepared in accordance with United Kingdom Generally Accepted Accounting Practice., and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordan with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Audilorfs 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 lo our audit of the financial statements in the United Kingdom, including the Financial Reporting Council'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 lo provide a basis for our opinion. Conclusions relating to going concern In auditing the financial slalements, 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 lo continue as a going concern for a period of al least e1ve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the Trustees with respect lo going conrn are described in the relevant sections of this report. Page 13
COMMUNITY FOSTER CARE IA company limited by guarantee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF COMMUNITY FOSTER CARE ICONTINUEDI Other Informatlon The other infomialion comprises the information included in the Annual report other than the financial statements and our Auditor's report thereon. The Trustees are responsible for the other information contsined within the Annual report. Our opinion on the financial statements does not cover the other information and, except lo the extent otherwise explicitly slated in our report, we do not express any form of assurance conclusion Ihereon. Our responsibility is lo 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 misststemenl 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. Oplnlon on other matters prescrlbed by the Companles Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the informab'on given in the Trustees, Report for the financial year for which the financial stslemenls are prepared is consistent with the financial ststements. the Trustees, Report has been prepared in accordance with applicable legal requirements. Matters on whlch we are requlred to report by exceptlon In the light of our knowledge and understanding of the charitsble company and its environment obtsined in the course of the audit, we have not identified material misstalemenls in the Trustees, Report. We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires us to report to you if, in our opinion". 8dequ8te accounting records have not been kept, or retums adequate for our audit have not been ceived from branches not visited by us", or the financial statements are not in agreement with the accounting records and returns,. or certain disclosures of Trustees, remuneration specified by law are not made., or we have not received all the information and explanations we require for our audit., or the Trustees were not enlilled lo prepare the financial statements in accordance with the small companies regime and take advantsge of the small companies. exemptions in preparing the Trustees, Report and from the requirement to prepare a Strategic ReFlOrt. Page 14
COMMUNITY FOSTER CARE IA company limited by guarantee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF COMMUNITY FOSTER CARE ICONTINUEDI Responslbllltles of trustees As explained more fully in the Trustees, responsibilities statement, the Trustees (who are also the directors of the charitable company for the purposes of company lawl 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 neSSary lo enable the preparation of financial statements that are free from material misstatement, whether due lo fraud or error. In preparing the financial slatemenls, the Trustees are responsible for assessing the charitable company's ability lo continue as a going concern, disclosing, as applicable, mallers 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 lo do so. Page 15
COMMUNITY FOSTER CARE IA company limited by guarantee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF COMMUNITY FOSTER CARE ICONTINUEDI Audltorfs responslbllltles for the audlt of the flnanclal statements Our objectives are to obtain reasonable assurance about whether the financial ststemenls as a whole are free from material misstatement, whether due to fraud or error, and to issue an Audilovs 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 IUKI will always detect a material misststemenl 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 lo influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are InStanS of non-compliance with laws and regulations. We design procedures in line with our responsibilities, oudined above, lo delect material misstalemenls in respect of irregularities, including fraud. The extent to which our procedures are capable of delecling irregularities, including fraud is detailed below.. We obtsined an understanding of the legal and regulatory frameworks within which the charity and group operates, focusing on those laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements. The laws and regulations we considered in this context were the Companies Act 2006, the Charities Act 2011 together with the Charities SORP IFRS1021. We assessed the required compliance with these laws and regulations as part of our audit prOdureS on the related financial statement items. In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which might be fundamentsl to the charity's ability to operate or lo avoid a material penalty. We also considered the opportunities and incentives that may exist within the charity and the group for fraud. The laws and regulations we considered in this context for the UK operations were Ofsted, General Dats Protection Regulation and health and safety legislation. We identified the greatest risk of material impact on the financial statements from irregularities, including fraud, lo be within the override of controls by management. Our audit procedures to respond lo these risks included enquiries of management about their own identification and assessment of the risks of irregularities, sample lesling on the posting of journals, reviewing accounting estimates for biases, reviewing regulatory correspondence with the Charity Commission and Ofsled, and reading minutes of meetings of those charged with governance. In accordance with International Auditing Stsndards, we planned our audit so that we have a reasonable expectation of detecting material misslalements in the financial statements or accounting records including any material misstalemenls resulting from fraud, error or non-compliance with law or regulations. However, owing to the inherent limitstions of an audit, there is an unavoidable risk that some material misstatements of the financial statements may not be detected even though the audit is properly planned and performed in accordan with the ISAS IUKI. No internal control structure, no matter how effective, can eliminate the possibility that errors or irregularities may occur and remain undetected. In addition, because we use selective lesling in our audit, we cannot guarantee that errors or irregularities, if present, will be detected. Accordingly, our audit should not be relied upon to disclose all such misstatements or frauds, errors or instances of non-compliance as may exist. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website al.. www.frc.or .uklauditorsres onsibilities. This description forms part of our Auditor's report. Page 16
COMMUNITY FOSTER CARE IA company limited by guarantee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF COMMUNITY FOSTER CARE ICONTINUEDI 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 slate to the charitsble company's members those matters we are required to stale lo them in an Audilovs 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 ils members, as a body, for our audit work, for this report, or for the opinions we have formed. Guy Biggln Isenior statutory audltor) for and on behalf of Crowe U.K. LLP Statutory Auditor Fourth Floor St James House St James Square Cheltenham GL50 3PR Dale.. 23 December 2022 Page 17
COMMUNITY FOSTER CARE IA company limited by guarantee) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2022 Unrestricted funds 2022 Total funds 2022 Total funds 2021 Note Income from: Donations Charitsble activities.. Placement income Early Intervention Services Investments Other income 116 116 70 2,229,968 107,685 205 17,900 2,229,968 107,685 205 17,900 2,334, 783 115,371 12 7,940 Total income 2,355,874 2,355,874 2,458, 3 76 Exponditure on: Charitable activities 2.339,942 2.339,942 2,270,838 Total expenditure 2,339,942 2,339,942 2,270,838 Net movement in funds 15,932 15,932 187,338 Reconciliation of funds.. Totsl funds brought forward Nel movement in funds 709,243 15,932 709,243 15,932 521,905 187,338 Total funds carried forward 16 725,175 725,175 709,243 The Statement of Financial Activities includes all gains and losses recognised in the year. The notes on pages 21 to 40 form part of these financial statements. Page 18
COMMUNITY FOSTER CARE IA company limited by guarantee) REGISTERED NUMBER: 03719101 BALANCE SHEET AS AT 31 MARCH 2022 2022 2021 Note Fixed assets Tangible assets Investments 12 13 14,288 5,000 20,881 5,000 19,288 25,881 Current assets Debtors Cash al bank and in hand 14 261,300 589,833 240,562 599,283 851,133 839.845 Creditors.. amounts falling due within one year 15 1145,246} (156,483J Net current assets 705,887 683,362 Total assets less current liabilities 725,175 709,243 Total net assets 725.175 709,243 Charity fund$ Unrestricted fvjnds 16 725.175 709,243 Totsl funds 725,175 709,243 The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to 8ecounling records and preparation of financial statements. The financi81 statements have been prepared in accordance with the provisions applicable to enlilies subject to the small companies regime. The financial statements were approved and 8Uthorised for issue by the Trustees on and signed on their behalf by". J Dwight Chair of the Board of Directors and Trustees The notes on pages 21 to 40 form part of these fin8nci81 statements. Page 19
COMMUNITY FOSTER CARE IA company limited by guarantee) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2022 2022 2021 Cash flows from operating activities Nel cash used in operating activities 15.054} 258,928 Cash flovts from investing activities Dividends, interests and rents from investments Purchase of tangible fixed assets 205 14,580} 12 (7,908) Net cash used in investing activities 14,375) 17,8961 Change in cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year 19,429) 599,283 251,032 348,251 Cash and cash equivalents at the end of the year 589,854 599,283 The notes on pages 21 to 40 form part of these financial statements Page 20
COMMUNITY FOSTER CARE IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 General Infomiatlon Community Foster Care is registered with the Charity Commission for England and Wales Iregislered number 10841241. The Charity is also a company limited by guarantee Iregislered number 037191011. Its registered and principal office is Unit A, 76 .ngsho1M Road, Gloucester, GL13BD. Accountlng pollcles 2.1 Basis of preparation of financial statements The financial slalements have been prepared in accordan with the Charities SORP IFRS 1021 Accounting and Reporting by Charities.. Slalement of Recommended Practice applicable lo charities preparing their accounts In accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191, the Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. Community Foster Care meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise slated in the relevant accounting policy. 2.2 Going concern The Charity has cash resources and no requirement for external funding. The Trustees have a reasonable expectation that the Charity has adequate reSoUrS lo continue in operational existence for the foreseeable future. The Trustees have assessed the impact of Covid-19 on the Charity's operations and have implemented measures lo miligale the risk to the Charity. The Trustees continue lo monitor the impact of Covid-19 on a regular basis and they continue lo believe the going concern basis of accounting appropriate in preparing the annual financial statements. 2.3 Income Income from donations and fundraising are accounted for on a receipts basis unless the income will be received and its value can be measured with sufficient reliability. Those funds provided for specific purposes are taken to the relevant reslricled fund. Investment income Is recognised on a re1vable basis. Charitable activities and other income such as grants is accounted for when the Charity is enlilled lo the income, il Is probable the income will be reiVed and the amount can be quantified with reasonable accuracy. Page 21
COMMUNITY FOSTER CARE IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Accountlng pollcles Icontlnuedl 2.4 Expenditure Expenditure on charitable activities comprises those costs incurred by the Charity in the delivery of ils aclivilies. 11 includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary lo support them. Charitable activities expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated lo activib'es on a basis consislenl with the use of the resources. Support costs are those costs incurred directly in support of expenditure on the objects of the Charity. Governance costs are those incurred in connection with the compliance of conslitulional and ststulory requirements and are included within support costs. 2.5 Tanglble flxed assets and depreclatlon Tangible fixed assets costing £1,000 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured al cost less accumulated depreciation and any accumulated impairment losses. All costs incurred lo bring a tsngible fixed asset into its intended working condition should be included in the measurement of cost. Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives. Depreciation is provided on the following basis.. Office equipment 250/0 - 33OA on cost 2.6 Investments Fixed asset investments are a form of financial instrument and are initially recognised al their transaction cost and subsequently measured al fair value al the Balance sheet date, unless the value cannot be measured reliably in which case it is measured al cost less impairment. 2.7 Debtors Trade debtors, other debtors and accrued income are recognised at the settlement amount after impairments. Prepayments are valued at the amount prepaid. 2.8 Cash at bank and In hand Cash at bank and in hand is represented by cash in hand and deposits with financial inslitulions. Page 22
COMMUNITY FOSTER CARE IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Accountlng pollcles Icontlnuedl 2.9 Creditors Creditors 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 paty and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised al their settlement amount after allowing for any trade discounts due. 2.10 Flnanclal Instruments The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments, these being investments, debtors, creditors and cash al bank. Basic financial instruments are initially recognised al transaction value and subsequently measured at settlement value. 2.11 Taxatlon As a registered Charity, Community Foster Care is generally exempt from Income Tax and Capital Gains Tax so far as it relates to its main charitsble objective bul not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates. 2.12 Operatlng leases Rentsls paid under operating leases are charged to the Statement of financial activities on a straight- line basis over the lease temi. 2.13 Penslons The Charity operates a defined contribution pension scheme and makes regular contributions to the individual pension plans on behalf of certain staff. These are a direct charge in the Statement of Financial Activities in the year that the contributions are due. 2.14 Fund accountlng General funds are unreslricled funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes lo the financial ststemenls. Page 23
COMMUNITY FOSTER CARE IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Crltlcal accountlng estlmates and areas of judgment Preparation of the financial statements requires management to make significant judgements and estimates. The items in the financial statements where these judgements and estimates have been made include.. Useful economic lives of tangible fixed assets The annual depreciation charge for the tangible fixed assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are amended when necessary to reflect current estimates, economic utilisation and the physical condition of the assets. See Note 13 for the carying amount of tsngible assets and Note 2.5 for the useful lives for each class of asset. Rebate accruals The Charity has arrangements with local authorities whereby rebates are awarded based on turnover exceeding certain thresholds. The accrual for these rebates are calculated based on turnover using rebate percentsges outlined within the contract. Income from donatlons Unrestrlcted funds 2022 Total funds 2022 Donations 116 unstricted funds 2021 Total funds 2021 Donations 70 70 Investment income Unrestricted funds 2022 Total funds 2022 Bank interest 205 205 Page 24
COMMUNITY FOSTER CARE IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Investment Income Icontlnuedl UnTrstricted funds 2021 Total funds 2021 Bank interest 12 12 other incoming resources Unrestricted funds 2022 Total funds 2022 Other income 17,900 17.900 Unrestricted funds 2021 Total funds 2021 Other income 7,940 7,940 Analysis of gxpenditure on charitable activitiOS Summary by fund typg Unrestricted funds 2022 Total funds 2022 Provision of foster care Eady Intervention Services 2,233,423 106,519 2.233,423 106,519 2,339,942 2,339.942 Page 25
COMMUNITY FOSTER CARE IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Analysls of expendlture on charltable actlvltles Icontlnuedl Summary by fund type Icontlnuedl UnStricted funds 2021 Total funds 2021 Provision of foster eare 2, 109,384 161,454 2, 109,384 161,454 Eady Intervention Services 2,270,838 2,270,838 Summary by expenditure type Total funds 2022 Staff costs Depreciation Other costs 2022 2022 2022 Provision of foster care Eady Intervention servIs 852,854 11,173 1,369,396 106,519 2.233,423 106,519 852,854 11,173 1,475,915 2,339,942 Total funds 2021 staff costs Depreciation Olh8r costs 2021 2021 2021 Provision of foster care Eady Intervention Services 777,925 12,360 1,319,099 167,454 2, 109,384 161,454 777,925 12,360 1,480,553 2,270,838 Page 26
COMMUNITY FOSTER CARE IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Analysls of expendlture by actlvltles Activities undertaken directly 2022 Support costs 2022 Total funds 2022 Provision of foster eare 1,646,765 106,519 586,658 2,233,423 106.519 Eady Intervention Services 1,753,284 586,658 2,339,942 Activities undertaken directly 2021 Support osts 2021 Total funds 2021 Provision of foster care Eady Intervention servIs 1,559,614 161,454 549, 770 2, 109,384 161,454 1, 721.068 549. 770 2.270.838 Page 27
COMMUNITY FOSTER CARE IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Analysls of expendlture by actlvltles Icontlnuedl Analysls of dlrect costs Early Provision of Intervention foster care Services 2022 2022 Total funds 2022 Staff costs 385,190 5,046 1,077,011 11,988 23,660 9,077 13,088 1,691 25,179 2,451 8,012 12,983 5,697 6,407 3,557 16,095 15,425 24,208 385,190 5,046 1.173,667 11,988 28,488 10,847 14,696 1,691 25,179 2,506 8,072 12,983 5,747 7,069 3,557 16,095 15,425 25.038 Depreciation Foster carers, costs Insuran Children's care and 8Ctivities Travel & subsistence staff training Cleaning Premises expenses Printing. postage & stationery Telephone Legal, professional & accountancy Social worker MislIaneOUS Subscriptions Equipment maintenance Recruitment Advertising & promotion 96,656 4,828 1,770 1,608 55 60 50 830 1,646,765 106,519 1,753,284 Page 28
COMMUNITY FOSTER CARE IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Analysls of expendlture by actlvltles Icontlnuedl Analysls of dlrect costs {contlnued} Earty Provision of InteentiOn foster care Setvices 2021 2021 Total funds 2021 Staff costs 351,349 5.582 1,046,059 11,686 5,817 1.548 351,349 5.582 1,201,444 11,686 7,564 2.139 Depreciation Foster carers, costs Insuran Children's care & activities Travel and subsistence staff training Cleaning Premises expenses Printing, postage and stslionery Telephone Legal, professional & accountancy Miscellaneous 155,385 1,747 591 78,754 1,634 24,670 4. 743 3,292 22,046 1,634 24,670 4.854 111 7,536 22,526 5,834 4.046 200 7,736 22,526 5,962 4.046 128 Subscriptions Equipment maintenance Recruitment Advertising & promotion 75,095 4,637 28,098 75,095 4,637 28,098 1,559,614 161,454 1, 721,068 Page 29
COMMUNITY FOSTER CARE IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Analysls of expendlture by actlvltles Icontlnuedl Analysls of support costs Provlslon of foster care 2022 Total funds 2022 Staff costs 467,684 6,127 13,169 2,053 30,%9 275 467,664 6,127 13,169 2,053 30,569 275 Depreciation Travel and subsistence Cleaning Premises expenses Printing. postage & stationery Telephone Legal, professional & accountancy Accountancy & audit MislIaneOUS Subscriptions Equipment maintenance 9,801 12,328 10,200 10,613 4,318 19,541 9,801 12,328 10,200 10,613 4,318 19,541 586,658 586,658 Page 30
COMMUNITY FOSTER CARE IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Analysls of expendlture by actlvltles Icontlnuedl Analysls of support costs Icontlnuedl Provision of foster care 2021 Total funds 2021 Staff costs 426,576 6, 778 2,596 1,983 29,958 159 9,392 20,231 10,226 13,633 4,912 18,326 5,000 426,576 6.778 2,596 1,983 29,958 159 9,392 20,231 10,226 13.833 4,912 18,326 5,000 Depreciation Travel and subsistence Cleaning Premises expenses Printing, postage & stationery Telephone Legal, professional & accountancy Accountancy & audit MislIaneOUS Subscriptions Equipment maintenance Imp8irmenl of Joint Venture 549, 770 549, 770 Included within support costs above a governance costs of £14,031 (2021." £76, 620), which includes £10,200 (2021. £10,226) for audit and accountancy and other support costs of £3,831 (2021. £6,394). Auditorfs remuneration The auditorfs remuneration amounts to an auditor fee of £6,900 (2021 £6,600J, and accounts preparation fee of £1,4451202f £1,375). Page 31
COMMUNITY FOSTER CARE IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 10. Staff costs 2022 2021 Wages and salaries Social security costs Contribution lo defined contribution pension schemes 756.575 64,900 31,379 688, 7 78 59,886 29,861 852.854 777.925 The average number of persons employed by the Charity during the year was as follows.. 2022 No. 2021 No. Senior staff other stsff members 27 26 31 30 The number of employees whose employee benefits (excluding employer pension costs) exTreded £60,000 was.. 2022 No. 2021 No. In the band £70,001 £80,000 In the band £80,001 - £90,000 The remuneration of the key management personnel amounted to £271,147 12021.. £262,747). Key management personnel are defined as the Chief Executive, Registered Manager, Service Manager, and Buisness Development Manager. 11. Trustees. remuneration and expensos During the year, no Trustees reiVed any remuneration or other benefits (2021- £NIL). During the year ended 31 March 2022, no Trustee expenses have been incurred (2021 £NILJ. Page 32
COMMUNITY FOSTER CARE IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 12. Tanglble flxed assets Office equipment Cost or valuation At 1 April 2021 Additions 47,345 4,580 At 31 March 2022 51,925 Depreclatlon At 1 April 2021 Charge for the year 26,464 11.173 At 31 March 2022 37.637 Net book value At 31 March 2022 14,288 At31 Ma 2021 20,881 Page 33
COMMUNITY FOSTER CARE IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 13. Flxed asset Investments Investment participating interests Cost At 1 April 2021 10.000 At 31 March 2022 10,000 Impaimient At 1 April 2021 5,000 At 31 March 2022 5,000 Net book value At 31 March 2022 s,000 At31 March 2021 5,000 During 2018 the Charity invested £10,000 in Sky Rocket Partnership. This is a joint venture arrangement bul equity accounting has not occurred on the basis that the Charity's share of the net income is immaterial. This will be reviewed annually. During the prior year an impairment loss of £5,000 was recognised in the Statement of Financial Activities. This was recognised within support costs, see note 8. Prlnclpal lolnt ventures The following was a joint venture of the Company.. Page 34
COMMUNITY FOSTER CARE IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 14. Debtors 2022 2021 Due within one year Trade debtors Other debtors 218,826 4,334 38.140 210,979 4,334 25.249 Prepayments and accrued income 261.300 240,562 Page 35
COMMUNITY FOSTER CARE IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 15. Credltors: Amounts falllng due wlthln one year 2022 2021 Trade creditors Other laxalion and social security Pension fund108n payable Other creditors Accruals and deferred income 33.296 18,050 5,131 30,830 57.939 53,626 16,919 10,709 13.717 61,512 145,246 156,483 2022 2021 Deferred income analysis Deferred income at 1 April ReSoUS deferred during the year Amounts released from previous periods 3,940 3,940 (3,940) 13,940) Deferred income at 31 March 3,940 Page 36
COMMUNITY FOSTER CARE IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 16. Statement of funds Statement of funds - current year Balance at 31 March 2022 Balance at 1 Aprll 2021 Transfers Inlout Income Expenditure Unrestricted funds Designated funds Savings Fund 800 {800) General funds General Funds 708,443 2,355,874 2,339,942) 800 725,175 Total Unrestricted funds 709,243 2,355.874 12,339.9421 725,175 Statement of funds - prior year B818nce 8t 31 March 2021 B818nce 8t l Apnl 2020 Transfers in/oul Income Expenditure Unrestricted funds Designated funds Savings Fund 800 800 General funds General Funds 521,905 2,458,176 f2,270,838) (800) 708,443 Total Unrestrlcted funds 521,905 2,458, 176 (2,270,838) 709,243 Designated funds relates lo arnounts held as a savings fund for a child currently in placement. Page 37
COMMUNITY FOSTER CARE IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 17. Analysls of net assets between funds Analysls of net assets between funds - current year Unrestrlcted funds 2022 Total funds 2022 Tangible fixed assets Fixed asset investments Current assets Creditors due within one year 14,288 5,000 838,882 1132,9951 14,288 5,000 838,882 {132.9951 Total 725,175 725,175 Analysis of net assets between funds - prior year unStricted funds 2021 Total funds 2021 Tangible fixed assets Fixed asset investments Current assets Creditors due within one year 20,881 5,000 839,845 (156,483) 20,881 5,000 839,845 {156,483) Total 709.243 709,243 Page 38
COMMUNITY FOSTER CARE IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 18. Reconclllatlon of net movement In funds to net cash flow from operatlng actlvltles 2022 2021 Nel income for the year las per Stslemenl of Financial Acliviliesl 15.932 187,338 Adjustments for: Depreciation charges Dividends, interests and rents from investments Decreasellincreasel in debtors Increaselldecreasel in creditors Impairment of Joint Venture 11,173 {205} 18.487} {23,467} 12,360 (12) 35,941 18,301 5,000 Net cash provided byllused inl operating activities 15,054) 258.928 19. Analysis of cash and cash equivalents 2022 2021 Cash in hand 589,854 599,283 Total cash and cash equivalents 589.854 599,283 20. Analysls of changes In net debt At 1 April 2021 Cash flows At 31 March 2022 Cash al bank and in hand 599,283 110,7091 19.450} 5,578 589,833 15,1311 Debt due within 1 year 588,574 13,872) 584,702 Page 39
COMMUNITY FOSTER CARE IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 21. Penslon commltments The pension cost charge for the period represents contributions payable lo the defined contribution scheme amd amounted lo £31,379 (2021.. £29,861). Contributions tolalling £5,131 (2021.. £10,709) were payable to the scheme at the year end and are induded within creditors. 22. Operatlng lease commltments At 31 March 2022 the Company had commitments lo make future minimum lease payments under non- CanlIable operating leases as follows.. 2022 2021 Not later than 1 year Later than 1 year and not later than 5 years 11.729 12.009 13.137 23,738 23,738 36,875 The following lease payments have been recognised as an expense in the Statement of financial activities.. 2022 2021 Operating lease rentals 13,138 15,676 23. Related party transactions During the year, Trustee, M Straton, was paid £5,530 (2021.. £5,373) in relation lo her work as Agency Decision Maker. £nil remained payable at year end (2021.. £39). During the year, Trustee J Jansen, was paid £669 (2021.. £1,050) in relation to her work as an Independent Panel Member. £nil remained payable at year end {2021.' £nilJ. During the prior year, payments tolalling £925 were made lo L Jones, a related party via D Whilson- Jones, the Business Development Manager, In her capacity as a contractor. £nil remained payable at the prior year end. There was no transactions during 2022. During 2018 the Charity Invested £10,000 in Sky Rocket Partnership. This is a joint venture arrangement bul equity accounting has not occurred on the basis that the Charity's share of nel income Is immaterial. An impairment charge of £5,000 was recognised in the prior year. This will continue to be reviewed annually. Page 40