COMPANY REGISTRATION NUMBER . 04147006 CHELMSFORD COUNSELLING FOUNDATION COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS 31 AUGUST 2024 Charlty Number . 1088283 dmund Carr CliaTter¢d AccounÈants Edmund Carr LLP Chartered Accountants 146 New London Road Chelmsford Essex CM2 OAW ADWCWZNV 1410212025 COMPANIES HOUSE
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CHELMSFORD COUNSELLING FOUNDATION COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS YEAR ENDED 31stAUGUST 2024 CONTENTS PAGE Trustees, Annual Report Independent examiner's report Statemenl of financial activities (incorporating the income and expenditure account) Balance sheet Notes to the financial statements io
CHELMSFORD COUNSELLING FOUNDATION COMPANY LIMITED BY GUARANTEE TRUSTEES. ANNUAL REPORT YEAR ENDED 31st AUGUST 2024 Th¢ busle¢s. who are also th¢ directors for Ihc PUTPOS¢S of ¢ompany law. prcsenl their report and th¢ unoudited findnci81 Stslements of the charity for the year ended 3 Isl Augu 2024. REFERENCE AND ADMINISTRATIVE DETAILS Regis¢¢red Charity nam¢ Cklmsford Counselling Foundalion Charily registration number 1088283 Compgny r¢gistr4tion numbèr 04147006 Reglltered offlte 42 Cedar Avenue Chelmsford. Essex CMI 2QH THE TRUSTEES Caroline Travis Alison Cow¢n Arvinder Mudhar jAett Panesar (Treasurer) Dimitra Theodoropoulou Rosalind Park Anna Mason Chair (Resigned (22.03.24) (Resigned 24.11.23) Compny Se¢re¢Ary Kellie Willis IAura Mar¢hinglon (Appointed 26.07.24) (Retired 26.07.24) Mn•gement Team Laura Marchin8lon Charlotte Usher Andrew Harvey Head of Centre Head of Training Head of Couns¢lling Advisory Councll Robert Cowlin Amanda Timcke Robert Aldrich Vakrie Potter Consult*ne Psychlatr15¢ Dr. Alex Lita
CHELMSFORD COUNSELLING FOUNDATION COMPANY LIMITED BY GUARANTEE TRUSTEES. ANNUAL REPORT (continued) YEAR ENDED 31st AUGUST 2024 REPORT OF CHAIR OF TRUSTEES (coverin8 period 0110912023 to 3110812024) It ha5 been a busy year with a number of changes takin8 place, the departure and arrival of new faces and some sisnificant WOTk pr¢parin8 the Foundation's staffing s¢ructUTe for the future. Objtttive$ gnd Aetivitits Foundation or CCF mean5 Chelmsford Counselling Foundation, CCF'S aclivities are govemcd by ils Memorandum and Articles of Associaiion dated 24th January 2001. Mission Statement: It is the purpose of the Foundation to offer a professi0ri81 and affordable psychodynamic counselling service and to train counsellors to nationally accredited standards. StatemeDtof Public Benefit The Trustees confimi that they have had regard to the Charity Commi$sion's guidance on public benefit during the year. The Foundation'$ purpose of existence. as outlined in our Mission Siatement. is to provide counsellin8 to the general public and to train psychodynamic counsellors. We achieve this through.. l ) Offering a counselling service to the general public or8anisations and to the NHS. 2) By providing trainins for prospective counsellors up lo a professional and Accredited standard. The British Association for Counselling and Psychoiherapy (BACP) ac¢rediiS our courses. The IAPT scheme has been 8¢¢ount¢d for separately as it 1$ 8 fixed ¢ontra¢l and nol part of CCF ¢or¢ work. Our ¢ounsellors are trained lo explore with clients how much they can afford depending on their inrne. The fee is regularly reviewed. Th¢ foundation offers 8 wi(k ran8¢ of ¢ounselling ¢ours¢s'. an introductory course in Counselling Skills, a Diploma in Counselling Skills and a Diploma in Psychodynamic Counselling. The latter is 8 Tecognised professional qualification thai leads to registration with the Brilish Association for Counselling and Psychotherapy (BACP) and a pathway to full BACP accreditation with addilional experience. To summarise, the public benefits of our work are.. l) To offer counselling to all mernbers of this community who we are qualified to help 2) To offer counselling lo clients who are unable to afford the full rccomrncndcd fee. 3) To offer iraining that leads to a professional qu#lifi¢ation tn psychodynamic counselling and registration with the BACP. It is important to state that no private benefits result from th¢ activities of our organisation, and to the best of our knowledge, no detriment or harn) arises in any way as a ¢onsequ¢n¢¢ of our work.
CHELMSFORD COUNSELLING FOUNDATION COMPANY LIMITED BY GUARANTEE TRUSTEES. ANNUAL REPORT (contlnuedj YEAR ENDED 31st AUGUST 2024 Structure, Governance and Man4gement To Carry out these roles the Foundation relies on ihe seryi¢¢ of paid and unpaid 51aff. They are.. Trustees The Board of Truslecs are those with legal and financial respoDsibililies for the Foundation. It is the role of the Trustees to plan and initiate strategic thinking and plans for the future which ensure that the Foundation will rernain a viable business. Trustees airn to support the Management team in their task of running the Foundation. They offer a considerable amount of unpaid time and cxpcrtisc lo achieve this, Potential Trustees are identified using advertising or recommendation from cUent members of the Foundatton. Any names put forward are first discussed by ihe Trustees and are then passed on lo the Head of Centre to esiablish any polential conflict of inlcrest or boundary issues. Suitability regarding expertise required at the given lime will be taken into ¢onsideration. We welcome applications on an ongoin8 basis. The Foundaiion has a regular bi-monthly Board meetin8 that in¢lud¢s Ihe Head of Centre, Head of Counselling and Head of Training, with other members of the management team joining on an adhoc basis. Tht Truslees meet separately most months in order to facilitate timely decision making. The Chair of Trustees and the Finance Trustee meet monthly with the Head of Centre, and the Managers and Head of Centre meet monthly. Management Team Our Management le*m are responsible for the day to dAy business and running of the Centre. They are rcsponsible for existing and new projects, appointing. line managing and appraising staff and ensuring Ihat our counselling and training run 5mooihly. We are fortunate lo have a strong team in place who are committed io their responsibililics and the Charity. Laura Marehington continued to hold the post of Head of Centre. however announced her attention to retire Bt the end of September 2024. Andrew Harvey was appointed as our new Head of Centre. a rol¢ he will perforni alongside his Head of Counselling role. becoming Head of Centre and Clinical Services. There was an overlap between Laura and Andrew to ensure a smooth transition and wc thank Laurd for hcr hard work to ensure ihat the handover of the many and varied tasks she undertook wa5 as seamless as possible. Thi5 included working with the Trustees to redesign the management stru¢iure to ensure the Foundation is well placed for future growth and able to maintain the standards expecied of il, and participating in a strategy session held in January to detennine Actions for the fvture whi¢h will b¢ further explored during the year 2024 to 2025. Whilst Laura left after the relevanl period of ihis report we would like to take the opporninity again to thank her for her significant contribution over the years and wish her all the very best for the future.
CHELMSFORD COUNSELLING FOUNDATION COMPANY LIMITED BY GUARANTEE TRUSTEES. ANNUAL REPORT (contlnued) YEAR ENDED 31st AUGUST 2024 As part of the work on ihe stru¢ture some existing roles were expanded and some new.roles recruited. ,Payroll was outsoiirced to our.accounlanls' Edrnid Carr.LLP, ensuring that we have a continuity of service. Claire O'connor joined'us as Business Development manager.to establish and build relationships with business and e"ducalion settings, discover new relilue streams arid review,h"ow we adapt to a ch"angin ihdusty. Cathy Platt joined us as Market?ng and Publi¢ Relations Manager to oversee promotion afid fundraisin8, 10 raise awareness of,CCF. lo increasè b-usiness income and 8enerale nelv client referral$ to CC.F ats¢ r¢gen¢rale our 30¢ial media presen¢¢. Kellie.Willis look on the role oÈCompany Sccretsry. additional HR duiies, and became the IT, lehd eor, the Foundatio ineludirig-developii]ent of the wébsite. Kirsty'cribb was ptomoled to the role'of.O!fi¢e Manager and wi'll continu¢ to liaise with'our outsourced payroll providér and other members of the adrinri and managemeiJt.teani to providé support lo'all at CCF. 'Julie Maxfield joined the tearn to provide additional *dministrAtion and financial administration support., Andrew Harvey, as Head of Counselling has made some significant changes lo the ways we report risk:, 'and in our safeguarding procedures..The risk registèr is noiv much clearer and our reporting is robust and up to date. Cnsis cards have been pnnied and mad¢ available in the room and online. Tbe NHS;took' tbe IAPT conlraci back in house. They stressed to us ibat they were very happy with the work. undertak'en by CCF on their.behalf and that this was a step taken in line with lheir.own coryioraic straiegy.'However, we have made Strides in redevéloping our relationship5 With GP surgeries and have noted an increase in Ihe number.of GP refeal$ to us. Members of the Managcmenl team attended thei ,Danbury He<h'Fair.' Sum up terniinals have been Introduced in the counsellin8 rooms cnab'lin8 paym.enl to be taken effioiently. Tbere are some challeDgcs around'client numbcIs and level of fees Ivith aciion plans being put in place to address these,
CHELMSFORD COUNSELLING FOUNDATION COMPANY LIMITED BY GUARANTEE TRUSTEES. ANNUAL REPORT (contlnued) YEAR ENDED 31stAUGUST 2024 Work has b¢¢n Carried out lo review markin8 and feedback procedures for our training to make them more ¢onsistenl. A new course has been developed to provide an iniroduction lo Coun5elling which will be launched in 2025. There is also ongoing work to in¢orporate neurodivcrsityldiversity into ih¢ lrnining. A patio area was constructed to ensure the noise levels from wurse attendees iaking breaks does not impa¢t wunselling sessions in progress. Staff The rest of our staff are those persons who provide services for the Foundation in any paid or unpaid c&pacity. This includes, but is not limited lo coun5ellors. seminar leaders, tutors, co-leaders, supervisors, experiential group leaders, volunteers and administraiive staff. Our staff are essential to the running of ihe Foundation. They support management in carrying out the business of the Foundation which is lo offer counselling and train ¢ounsellors. We could not do whai we do without their continued support And they have enabled us to carry out our business for 50 years. To celebrate this the Foundation held a party in July lo mark their 50th anniversary. This was extremely well attended with siaff. counsellors and Truslees both past and present in attendance. Sadly the weather was not with us bul the rain did little to dampen our spirits. On behalf of the Trustees I would like to recognise and thank all members of CCF in whalevcr capacity they support the Foundation, for Iheir Commitment, dedication, cnihusiasm and professionalism. you help ensure that ihe Foundalion continues lo provide a much valued service in what continue to be Challenging times. I would also like to take ihe opportunity to congratulate all team members in their new roles and wish them every success. Financial Review The foundation's total income in the year from all sources was £252.590 (2023 - £290,041) and expendilure was £281,951 (2023 £293,583), resulting in a defi¢il of £29.361 (2023 - £3,542). This has been a ¢hallenging yeor. The post Covid impact of increased demand for Ix>lh counselling services and counsellor training. coupled with ihe exponential growth of online services with low barriers to enty has resulied in fierce competilion in what had previously been a very slable environrnent. The new management team are implementing numerous inili•lives to improv¢ incorne generation and reinforce the Foundation's competiiive advantage. Trainin8 income was reduced due lo the absence of a clini¢al Year I cohort as a result of insuffirienl sludenl applications in this more competilive environment. On the counselling side our clienl numbers were lower Ihan previous years and our NHS contraci to provide ¢ounsellin8 under the IAPT. service has been iaken back in house by the NHS in line wRth their Currenl policy and Siralegy.
CHELMSFORD COUNSELLING FOUNDATION COMPANY LIMITED BY GUARANTEE TRUSTEES, ANNUAL REPORT (contlnuedj YEAR ENDED 31st AUGUST 2024 Expenditure during Ihe year included the usual ¢05ts for stsff salaries and foT maintaining the premi5¢5. Th¢ number of paid coun5ellors fell in the year resulting in a reduclion in staff costs. There were increases in lighting and heating costs and these will continue to rise in the coming The year's financial results mean that the balance sheei as at the end of August 2024 shows total funds of £871,681. Our principal asset is the propety in Cedar Avenue, which is Currently valued at £712,576. Cash Teserves in savings or deposit accounts were £268,3SS. For security, we limit the amount of funds held in each account. Re$¢rv¢$ Policy The Foundation's free reserves at 31 August 2024. being unrestricted funds not represented by fixed asseis or designated foT a particular purpose, totalled £66.315 (see note 16). This represents 2 to 3 months of annual expenditure (£50,000 to £75,000} which the Trusle¢s onsider lo be satisfactory. In addilion ihe Foundation has a designated operational ¢ontingen reserve of £90,675 to ensure the continuity of counselling servires, The finlncial statements hjve been prepared in accordance with the accounting policies set out in notes lo ihe accounts and comply with the charity's governing document, the ChaTities Act 2011 and A¢counlin8 and Reporting by Charities.. Ststemenl of Recommended Practice applicable to charities preparing their accounts in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland published on 16 July 2014. This report has been prcpared having taken advantage of the srnall companies exemption in the Companies Act 2006. This report was approved by the trustees on 31 January 2025 and signed on their behalf by.. Caroline Travis C Trgvls Trustee
CHELMSFORD COUNSELLING FOUNDATION COMPANY LIMITED BY GUARANTEE INDEPENDENT EXAMINER:S REPORT TO THE TRUSTEES YEAR ENDED 31st AUGUST 2024 I report lo the charity trustees on my cxamination of the accounts of ihc company for the year ended 31 Augusi 2024 which are set out on pag¢s 8 to 16. Responsibilities and basis of report As the charity trustees of the cornpany (and also its directors for the purposes of company law) you are responsible for ihe preparalion of the accounts in accordance with the requirements of the Companies A¢t 2006 ('the 2006 A¢l'). Having satisfJ¢d myself ihat the accounts of the Company are not rcquircd to be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of your Company's accounts as carried oul undcr section 145 of the Charitie5 Act 2011 ('the 2011 Act,). In canying out my examination I have followed Ihe Directions given by the Charity Commission under section 145(5Xb) of thc 201 l Act. Independent examiner's stAtemeTrt Sincc the company's gross income cx¢ccd¢d £250,000 your examiner musi be a member of a body listed in section 145 of the 2011 A¢t. l ¢onfirni that l arn qualified to undertake the examination be¢aus¢ J am a member of the Association of Chartered Certified Arxounlant$. I hav¢ ¢ompleted my examination. I confirni that no matiers have ¢ome to my attention in ¢onne¢lion with Ihe exarninaiion giving me cause to believe that in any material respect.. accountlll8 record5 were not kept in respe¢t of the company as required by section 386 of the 2006 Act. or the accounts do not accord with ihose r¢¢ords' or the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view, which is not a matter considered as part of an independent examination. or lh¢ a¢¢ounts hive not been prepared in i¢¢ordance with the m¢thi)ds and principles of the Sialement of Recommended Practice for accounting and reporting by chhrilies applicable to charities preparing Iheir accoun15 in accordance with the Financial Rcporting Standard applicable in the UK and R¢publi¢ of Ireland (FRS 102). I have no concerns and have come across no other matters in connection wilh the examination lo whi¢h attention should be drawn in ihis report in order to enable i proper underslanding of the accounts to bc reached. Sandra Morrell Sandra Morrell FCCA 146 New London Road Chelmsford CM2 OAW 12 February 2025
CHELMSFORD COUNSELLING FOUNDATION COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) YEAR ENDED 31st AUGUST 2024 Total Funds To1141 Funds 2024 2023 Note INCOME from: Donalions Invcslments Charilable activities Other 8,039 6,516 235,030 3,005 ,659 3,499 282,313 2,570 TOTAL INCOME 252.590 290,041 EXPENDITURE on: Charitable a¢tivitle5 281,951 293,583 TOTAL EXPENDITURE 281,951 293,583 NET INCOME I NET MOVEMENT IN FUNDS (29.361) (3,542) RECONCILIATION OF FUNDS Total funds brought forward 901,042 904,584 Total fvnds carried forward 871.681 901.042 All of the above amounts relate to continuing activilies All funds are unr¢stri¢ted. The notes on pages 10 to 16 fonn part of these fin*n¢i41 $titem¢Dt$.
CHELMSFORD COUNSELLING FOUNDATION COMPANY LIMITED BY GUARANTEE BALANCE SHEET AS AT 31st AUGUST 2024 2024 2023 Note FIXED ASSETS Tangible assets 12 714,691 718.798 CURRENT ASSETS Debiors Cash al bank and in hand 13 33,872 268,355 302,227 25.782 283,903 309,685 CREDITORS: Amounts f#llln¥ due within one yejr 14 (145,237) (127.441) NET CURRENT ASSETS 156.990 182.244 TOTAL ASSETS LESS CURRENT LIABILITIES 871,681 901,042 IYET ASSETS 871,681 901.042 FUNDS OF THE CHARITY Unreslricled funds Revaluation R¢Krve 15 617,776 253,905 647,137 253,905 TOTAL CHARITY FUNDS 871,681 901,042 For the year ending 31 August 2024 Ihe company was ¢nlitled 10 ¢J(emplion from audit under section 477 of the Companies Act 2006 relaling to small companies. Trustees, responsibililies: The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476. The trustees acknowledge their responsibilities for complying with the requiremen15 of ihe Act with respecl lo accounling records and ihc preparation of accounls. These financi&l $iaiemenl$ have been prepared in accordance with ihe 3p¢¢ial provisions for small ompani¢s under Part 15 of the Companies Acl 2006. Thes¢ financial statemenls were approved by the Irustees on 31 January 2025 and are signed on their behalt by: Carolir)G Travis C TRAVIS (TThst¢e) Company R¢gi5¢rdtion Number.. 04147006 The Tr01¢5 on pates 10 to 16 foTm part of these i4151atem¢nl
CHELMSFORD COUNSELLING FOUNDATION COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31$tAUGUST 2024 I. ACCOUNTING POLICIES Bsls of preparatlon of finanel•l stttmtnts The financial siaiements have b¢¢n prepared in a¢¢ordance with the Financial Reportin8 Standard applicable in ihe UK and Republic of Ireland (FRS 102). Accounting and Reporting by Charities: Statemcnl of Recommended Pra¢ti¢e appli¢abl¢ in the UK and Republic of Ireland (effective l January 2019) (Charities SORP FRS 102) and the Companies Act 2006. ixgal Status Chelmsford Counselling Foundaiion is a charitable company limil¢d by guarantee. li is incorporaled in England arid Wale5 and ils 813¢¢red address is 42 Cedar Avenue, Chelmsford, Essex CMI 2QH. The company meeis ihe definition of a public benefit enlity under FRS 102. Golng Coneern The financial stalemenls have been prepared on a going concern basis &8 the Irustees believe thai no material un¢ertainlies exist. The irusiees have ¢onsidered Ihe level of fvnds held and the expeclcd Icvcl of income and expcndilure for 12 monihs from auihorising these financial slalemenis. The budgeted in¢ome and expendilure is sufficieni wilh the level of reserves for Ihe charity to be able lo continue as a going concern. Fund aceounting Funds held by the Charity arc eiiher: Unrestricted general funds - these are funds which can be used in accordance wilh Ihe charitable obj¢¢ts ai th¢ discretion of the Irusl¢e5. Designaled funds - these are funds sel aside by the Irusiees out of unrestricied funds for specific future purposes or projeeis. Restricied funds- these are funds that can only be used for particular reslricied purposes within the obj¢cls of the charity. IDtom¢ All incoming resources are accounlcd for when the charily is l¢gally enliilcd io th¢ incorne. Fe¢$ and deposits received for wur5e5 commen¢ing after lh¢ period end are recognised as deferred income and included under creditors. Expendlture All expenditure is accounted for on an accruals basis and includes VAT as the ¢hariry is nol VAT registered. Support ¢05ts r¢lal¢ lo expenditu to support th¢ ¢h#ritable activities of the charity which cannol be directly attributed to eiiher counselling or training. Governance c0515 are Ihose costs incurred in conneclion with the administration olthe charity including compliance with consiitutional and statutory requirements. 10
CHELMSFORD COUNSELLING FOUNDATION COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31st AUGUST 2024 I. ACCOUNTING POLICIES (conrtiM4ed) Fixed assets All fixed L8sels are initially recorded cost or deemed cosl under FRSI 02. Tan8ible fixed &ssels coslin8 more ihan £250 are eppiialised in ihe a¢uunts. Depreeiation Depreciation is Galculaled so as to writc off the cost of an 5¢1. l¢ss its c51im8t¢d r¢sidu81 volu¢, over Ihe useful economic life of Ihal a5s¢I as follows.. Equipment 25•/0 slraighi line Fixlure5 and fitlings 25•/0 siraighi line The Iru$ie¢s do not wish to depr¢¢iate ihe fre¢hold prop¢ty as it is Tevalued regularly. Debtors Trade and other debiors arc rccognised at the 8eiilcmenl amouni duc. Creditor8 Cr¢diiof5 are re¢o8nised where the ¢horily h&% a pr¢$¢nt obligaiion Tesulting from a past eveni ihal will probably result in Ihc Iransfer of funds lo a Ihird party and the amouni due to seitl¢ ihe obligO1ion can be measured or eslimalcd reliably. Crcdilors arc norniglly r¢co8nis¢d at th¢ir $ettl¢ment amount, Tax stAtu$ The company is a re815t¢d charily and is not subject to cory)oration lax on 1¢$ ¢haritable aciivities.
CHELMSFORD COUNSELLING FOUNDATION COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31st AUGUST 2024 2. DONATIONS Total Funds Tot•1 Funds 2024 2023 General donations 8.039 8.039 ,659 1,659 3. JNVESTMENT INCOME Totsl Funds Total Funds 2024 2023 Bank intcrest receivable 6,516 3,499 4. INCOME FROM CHARtTABLE ACTIVITIES Total Funds Total Funds 2024 2023 Coun5¢11in8 income Trainin8 income 104,449 130,581 121,539 160.774 235,030 282,313 S. OTHER INCOME Totsl Funds TotAI Funds 2024 2023 Room hire 3.005 2.570 6. COSTS OF CHARJTABLE ACTIVITIES Totil Funds Total Fundg 2024 2023 Counselling- direct costs Training - direct ¢osts Support costs (note 7) Governance costs (note 8) 70.786 68,939 137,303 4,923 281,951 74,844 69.194 145,124 4,421 293,583 12
CHELMSFORD COUNSELLING FOUNDATION COMPANY, LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31st AUGUST 2024 7. SUPPORT COSTS Total Funds Total Funds 2024 2023 Staff wageslcosts Other 97,760 39,543 137,303 11.805 33,319 145.124 GOVERNANCE COSTS Totgl Funds Total Funds 2024 2023 Independeni Exmin8lion fee Accounts preparation and PayToII F¢es payable to Independeni Examiner Other fees and expenses Training and irav¢l 1,102 750 2.852 1,226 343 4,421 3,380 4.540 383 4,923 9. NET INCOME FOR THE YEAR Tot81 Funds Total Funds 2024 2023 This is stated after char8ing'. Deprccittiion 4,132 4.156 10. STAFF COSTS AND EMOLUMENTS TotAI Funds Total Fuhds 2024 2023 Totgl staff co3t were as follow$: Wages and salaries Soeial security Costs Employer pension conlribulions 213.774 3,771 4,280 226,553 3,384 4,660 221.825 234.597 Partltulars of employees: The av¢ra8e number of staff ¢mployed during the year (head ¢ount) was as follows.. 2024 2023 Number of administrative staff Number of management staff Number of couns¢llors 24 30 25 31 No employees r¢ceiv¢d remuneraiion of more than £60.000 durin8 th¢ year (2023 - None). Tolal key manag¢m¢nl p¢rsonnel remuneration benefits during lh¢ year amounted to £36.232. (2023 - £37,426). 13
CHELMSFORD COUNSELLING FOUNDATION COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 318t AUGUST 2024 I I. TRUSTEES, REMUNERATION No emoluments were received or waived by truste¢s during Ihe y¢ar. During the year one iruslee was reimbursed for trnv¢l ¢xpense$ of £46 (2023 - Nil). 12. TANGIBLE FIXED ASSETS Frethold property Fixture$ & Flttinis Equlpment Total COST OR VALUATION At I st Seplemlxr 2023 Additions Disposals At 31st Augusi 2024 712,576 27,414 26,417 766.407 712,576 27.414 26,417 766,407 DEPRECIATION Ai 151 S¢ptemb¢r 2023 Charge for the year On disposals 23.412 2.331 24,197 1,776 47.609 4.107 At 31st Augu$¢ 2024 25,743 25,973 51.716 NET BOOK VALUE At 31st August 2024 712,576 .671 444 714,691 At 31st August 2023 712.576 4.002 2,220 718,798 Th¢ fr¢ehold property (42 Cedar Avertue) was revalued al 28th April 2017 ai £700.000. The valuation was carried out on ihe basis ofvacant possession {comparalive and investment) market value. The valuation was carried oui by Chartered Surveyors. A review of the valuation in March 2023 by estate agents concluded there had been no significant ch8n8e in the valuation. 14
CHELMSFORD COUNSELLING FOUNDATION COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31st AUGUST 2024 13. DEBTORS 2024 2023 Trade debtors Accrued In¢ome IAPT Prcpayrncnts Sundry debtors 28,828 19,432 2.895 3,250 205 3,770 1,274 33.872 25,782 14. CREDITORS 2024 2023 Trade creditors PA YE and social security Deferred income Accruals Other creditors 3,258 4,829 106,447 23,830 6,873 2.702 2,424 91,341 25.066 5,908 145,237 127,441 Deferred 5ncome relates to f¢¢s and dcp051ts rcccived in 8dvan¢e for training courses ¢ommen¢ing in Sepiember 2024. Deferred in¢ome al 31 Augusi 2023 of £91.341 has been released in the year. Income of £106,447 relating to training fees has been deferred at 31 Augusi 2024. IS. UNRESTRICTED INCOME FUNDS Bal&Dce at OJ10912023 Incoming resources Ou¢golng resourtes Gainsnosses & transftrs Balance #t 3110812024 General unr¢gtri¢l¢d funds Designaledlunds.. Freehold propcty Revaluation resetve Operational contingency 97,791 252,590 (281,951) 68,430 458,671 253,905 90,675 458,671 253,905 90,675 901,042 252,590 (281.951) 871,681 The freehold property fund and revalu81ion reserve represent the valu¢ of the freehold property held by the charity but not immediately available as free fund5. The operational contingency reserve fund is allocated to ensure continuity of counselling services. 15
CHELMSFORD COUNSELLING FOUNDATION COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31st AUGUST 2024 16. ANALYSIS OF NET ASSETS (Ixlw¢¢n re$lrlcted and unrestrlcled funds) Tangible rixed assets Other net assets Total Unrestricted income funds: Designated funds General funds 712.576 2,115 90.675 66,315 803.251 68,430 Tot41 funds 714.691 156,990 871.681 17. COMPANY LIMITED BY GUARANTEE The company is a ¢ompany limtted by guarantee. The members of the Charity ar¢ the trustees. In the eveni of ihe charity being wound up, Ihe liability in respect of the guaraniee is limiied io £1 per mernber of the charity. 18. RELATED PARTIES There were no related party transactions that require disclosure during the year. 19. PRIOR YEAR FUNDS NOTE UNRESTRICTED INCOME FUNDS Bglance At Intoming oim9n022 resoure Outgoing resoure¢s Gainsllosses & Irgnsfer$ Bal#n¢¢ it 31108ll023 General unrestri¢ied funds Designaledfund*. Freehold property Revaluaiion r¢serve Operational contingency 101.333 290,041 {293,583) 97,791 458,671 253.905 90.675 458,671 253.905 90,675 904.584 290,041 293.583 901,042 The freehold property fund ond revaluation res¢rvc repre5eni ihc value of ihe freehold prop¢rty held by the charity but not immediately available as free funds. The operational contingency reserve fund is allocated to ensure continuity of counselling services. 16