CORAM LIFE EDUCATION WEST MERCIA
Company No. 04417035 Charity No. 1102580
FINANCIAL STATEMENTS
for the year ended
31 MARCH 2022
CORAM LIFE EDUCATION WEST MERCIA
CHARITY INFORMATION
| DIRECTORS | V M C Lyttle FCA |
|---|---|
| P D Dallimer | |
| S Cusak | |
| Mrs P Cusak | |
| PRINCIPLE OFFICE | 6 The Grove |
| Hampton in Arden | |
| Solihull | |
| B92 0HD | |
| REGISERED OFFICE | 13 Portland Road |
| Edgbaston | |
| Birmingham | |
| B16 9HN | |
| BANKERS | HSBC Plc |
| 148 High Street | |
| Harbourne | |
| Birmingham | |
| B17 9PN | |
| CHARITY REGISTRATION NUMBER | 102580 |
| COMPANY NUMBER | 04417035 |
| INDEPENDENT EXAMINER | Richard Gold FCA |
| Barnett Ravenscroft Limited | |
| Chartered Accountants | |
| 13 Portland Road | |
| Edgbaston | |
| Birmingham | |
| B16 9HN |
Page 1
(A company limited by guarantee and not having a share capital)
CORAM LIFE EDUCATION WEST MERCIA
DIRECTORS' REPORT
for the year ended 31 March 2022
The directors present their annual report and the financial statements for the year ended 31 March 2022.
OBJECTS OF THE COMPANY
The company is giverned by a Memorandum and Articles of Association.
The company's objects and principal activity is that of peripatetic health and drug prevention education to primary school children in Worcestershire.
ORGANISATION
The day to day activities of the company are organised by a manager. The manager reports to the directors at regular bimonthly meetings. Five educators and the manager, who are all qualified teachers, deliver the health education programme to children from a mobile classroom and in thr schools classrooms by arrangement with schools.
DIRECTORS
The directors who are also trustees who held office during the year are listed on page 1. Where a casual vacancy arises during the year , the members may appoint a person to fill the position until the next Annual General Meeting.
APPOINTMENT, INDUCTION AND TRAINING OF VEW TRUSTEES
New trustees are appointed from knowledge of existing trustees as to their experience either with other charites or in the field of operations of Life Education Centres (Worcestershire). The induction process for newly appointed trustees comprises an initial meeting with the Chairman of Trustees and on review of the charitable objectives of the company and powers of the Board of Trustees.
FINANCES
One charitable trust has pledged continuing support with quarterly donations and an interest free loan.
The financial statements for the year to 31 March 2022 are attached to this report. The total of funds raised and contributions received from schools, was £119,259 (2021 - £58,601). The total expenditure during the year was £105,497 (2021 - £56,960) leaving a surplus of £13,762 (2021 - £1,641).
INVESTMENT POWERS
Under the Memorandum and Articles of Association, the company has the power to make investments which the directors consider appropriate.
Page 2
CORAM LIFE EDUCATION WEST MERCIA
(A company limited by guarantee and not having a share capital)
DIRECTORS' REPORT
for the year ended 31 March 2022
PUBLIC BENEFIT
The directors confirm that they have paid due regard to the guidanace given by the Charity Commission on public benefit. The directors consider that all the charitable activities of the charity are for public benefit.
RESERVES POLICY
It is the intention of the directors to maintain the company's unrestricted reserves at a level sufficient for it to meet the costs of delivering the programme to schools and to meet the management, administration and support costs. This is being acheived with the support of the charitable trust refeered to above.
FIXED ASSETS
The movement in tangible fixed assets during the year are set out in the financial statements.
SMALL COMPANY PROVISIONS
The report has been repared in accordance with the statement of Recommended Practice '' Accounting and Reporting by Charities'' (SORP 2005) and in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006.
Ths report was approved by the directors on 30 November 2022 and signed on its behalf by :
V M C LYTTLE Director
Page 3
CORAM LIFE EDUCATION WEST MERCIA
(A company limited by guarantee and not having a share capital)
INDEPENDENT EXAMINER'S REPORT TO THE DIRECTORS ON THE UNAUDITED ACCOUNTS
for the year ended 31 March 2022
I report on the accounts for the year ended 31 March 2022 set out on pages 5 to 9.
Respective responsibilities of trustees and examiner
The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preperation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act (the 2011 Act) and that an independent examination is needed.
Having satisfied myself that the charity is not subject to an audit under company law and is eligible for independent examination, it is my responsibility to :
-
examine the accounts under section 145 of the 2011 Act;
-
follow the procedures laid down in the general directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act: and
-
state whether particular matters have come to my attention.
Basis of independent examiner's statement
My examination was carried out in accordance with general directions given by the Charity Commission. An examination includes review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ''true and fair view'' and the report is limited to those matters set out in the statement below.
Independent examiner's statement
I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving cause to believe that in any respect:
-
accounting records were not kept in accordance with section 386 of the Companies Act 2006; and
-
to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 386 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities (applicable to the charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS 102).
have not been met; or
to which in my opinion , attention should be drawn in order to enable a proper understanding of the accounts to be reached. I have no concerns and have come across no matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Richard Gold FCA Independent examiner For and behalf of Barnett Ravenscroft Limited Charterd Accountants
13 Portland Road Edgbaston Birmingham B16 9HN
30 November 2022
Page 4
CORAM LIFE EDUCATION WEST MERCIA
(A company limited by guarantee and not having a share capital)
STATEMENT OF FINANCIAL ACTIVITIES (including Income and Expenditure Account)
| for the year ended 31 March 2022 INCOMING RESOURCES Notes Incoming resources from generated funds : Voluntary Income Investment Income Grants and Donations Activities to Generate Funds : Contributions fron Schools Sundry Income Total incoming resources RESOURCES EXPENDED Cost of Generating Funds : Costs of voluntary income 3 Charitable Activities 4 Governnance Cost 5 Total resource expeneded NET INCOMING/(OUTGOING) RESOURCES FOR THE YEAR Funds brought forward Funds carried forward |
2022 £ 40,000 79,259 - 119,259 3,420 84,319 17,758 105,497 2022 General Fund 13,762 40,736) ( 26,974) ( |
2021 £ 40,266 18,335 - |
|---|---|---|
| 58,601 | ||
| 2,540 40,338 14,082 |
||
| 56,960 | ||
| 2021 General Fund 1,641 42,377) ( |
||
| 40,736) ( |
The accumulated fund above is all unrestricted
The notes on pages 7 to 9 form part of these accounts
Page 5
(A company limited by guarantee and not having a share capital)
CORAM LIFE EDUCATION WEST MERCIA
STATEMENT OF FINANCIAL POSITION
for the year ended 31 March 2022
| Notes FIXED ASSETS Tangible Assets 8 CURRENT ASSETS Stock Debtors 9 CREDITORS :Amounts falling due within one year 10 NET CURRENT LIABILITIES TOTAL ASSETS LESS CURRENT LIABILITIES FUNDS General Unresticted Fund |
£ £ 1,876 1,000 14,388 15,388 44,238) ( 28,850) ( 26,974) ( 26,974) ( 2022 |
£ £ 2,332 1,510 13,316 14,826 57,894) ( 43,068) ( 40,736) ( 40,736) ( 2021 |
£ £ 2,332 1,510 13,316 14,826 57,894) ( 43,068) ( 40,736) ( 40,736) ( 2021 |
|---|---|---|---|
| 15,388 | 14,826 | ||
| 44,238) ( |
57,894) ( |
||
| 40,736) ( |
|||
| 40,736) ( |
The directors are satisfied that the company is entitled to exemption from the provisions of the Companies Act 2006 (the Act) relating to the audit of the financial statements for the year by virtue of section 477, and that no member or members have requested an audit pursuant to section 476 of the Act.
The directors acknowledge their responsibility for :-
-
(i) ensuring the company keeps proper accounting records which comply with section 386 of the Act, and
-
(ii) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its surplus or deficit for the financial year in accordance with the requirements of section 393, and which otherwise comply with the requirments of the Act relating to financial statements, so far as applicable to the company.
These financial statements have been prepared in accordance with the special provisions for small companies under part 15 of the Companies Act 2006 and with Financial Reporting Standard for Smaller Entities (effective January 2015).
The financial statements were approved by the trustees on 30 November 2022 and signed on its behalf by
V M C LYTTLE Director
The notes on pages 7 to 9 form part of these financial statements
Page 6
CORAM LIFE EDUCATION WEST MERCIA
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2022
1. GENERAL INFORMATION AND BASIS OF PREPERATION
Coram Life Education Wesr Mercia is a private company limited by guarantee, registered in England and Wales. The address of the registered office is 13 Portland Road, Edgbaston, Birmingham, B16 9HN.
The charity constitutes a public benefit entity as defined by FRS102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Practice as it applies from 1 April 2015.
The charity has applied Update Bulletin 1 as published on 2 February 2019 and does not include a cash flow statement on the grounds that it is applying FRS 102 Section 1A.
The financial statements are prepared on a going concerm basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £1.
The significant accounting policies applied in the preperation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
2. ACCOUNTING POLICIES
-
a Incoming Resources
-
Incoming resources are included in the Statement of Financial Activities when the company is legally entitled to the income and the amount can be quantified with reasonable accuracy.
b Grants Received
Grants are credited to the Statement of Financial Activities as received.
-
c Resources Expended Expenditure is included on an accruals basis as a liability is incurred, and is allocated to the particular activity to which it relates. The resources expended comprise the following:-
-
(i) Cost of generating funds: which comprise the costs associated with attracting voluntary income.
-
(ii) Charitable activities expenditure: which comprise those costs incurred by the charity in delivery of its activities for its beneficiaries.
-
(iii) Governance costs: which comprise those costs associated with meeting the constitutional and statutory requirments of the charity.
-
(iv) All costs are allocated between the expenditure categories of the Statement of Financial Activities on a basis designed to reflect the use of the resource and costs relating to a particular activity are allocated directly to them.
d Fixed Assets
All fixed assets are intially recorded at cost or valuation.
Page 7
CORAM LIFE EDUCATION WEST MERCIA
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2022
2. ACCOUNTING POLICIES (continued)
e Depreciation
Depreciation is calculated so as to write off the cost of the asset, less its estimated residual value, over the useful economic life of that asset as follows :-
| Mobile classroom | - 10% straight line |
|---|---|
| Computer equipment | - 33 1/3% straight line |
| Motor vehicle | - 20% written down value |
| Office equipment | - 20% written down value |
3. COST OF GENERATING VOLUNTARY INCOME
| COST OF GENERATING VOLUNTARY INCOME Sundries Fund raising |
2022 £ 420 3,000 3,420 |
2021 £ 540 2,000 |
|---|---|---|
| 2,540 |
All the above are considered to be the support costs of the charity.
| 4. COSTS OF CHARITABLE ACTIVITIES Van Expenses Depreciation Promotional Literature Licence Salary and Sub Contract Training Courses Sundry Expenses Teaching Accessories 5. GOVERNANCE COSTS Administrartion and Finance Costs Reporting Accountants Fees Depreciation 6. NET INCOMING RESOURCES FOR THE YEAR This is stated after charging :- Depreciation of owned assets |
2022 £ 1,010 196 120 8,530 69,805 2,088 1,829 741 84,319 2022 £ 15,914 1,500 344 17,758 2022 £ 546 |
2021 £ 796 450 146 5,593 30,785 770 1,667 131 |
|---|---|---|
| 40,338 | ||
| 2021 £ 12,650 1,400 32 |
||
| 14,082 | ||
| 2021 £ 482 |
7. DIRECTORS AND STAFF COSTS
No remuneration was paid or is payable to the directors for the year (2021 : £Nil).
Expenses reimbursed to a director during the year £Nil (2021 : £Nil).
Page 8
CORAM LIFE EDUCATION WEST MERCIA
NOTES TO THE ACCOUNTS
for the year ended 31 March 2022
8. TANGIBLE FIXED ASSETS
| 8. TANGIBLE FIXED ASSETS |
||||||
|---|---|---|---|---|---|---|
| COST At 31 March 2021 Additions Disposals At 31 March 2022 DEPRECIATION At 31 March 2021 Charge for the year Disposals At 31 March 2022 NET BOOK VAUE At 31 March 2022 At 31 March 2021 9. DEBTORS Trade Debtors Other Debtors 10. CREDITORS: Amounts falling due within one year Bank Overdarft Trade Creditors Social Security Costs Accruals Loans |
( | Motor Vehicles 3,029 - 3,029) |
Mobile Classroom 2,021 - - |
Office and Computer Equipment |
Total 6,783 1,084 3,029) ( |
|
| 1,733 1,084.00 - |
||||||
| - | 2,021 | 2,817 | 4,838 | |||
| ( | 2,035 - 2,035) |
809 202 - |
1,607 344 - |
4,451 546 2,035) ( |
||
| - | 1,011 | 1,951 | 2,962 | |||
| - | 1,010 | 866 | 1,876 | |||
| 994 | 1,212 | 126 | 2,332 | |||
| 2022 £ 12,427 1,961 14,388 2022 £ 2,060 30,905 1,314 1,560 8,400 44,238 |
2021 £ 8,355 4,961 |
|||||
| 13,316 | ||||||
| 2021 £ 18,725 27,117 2,192 1,460 8,400 |
||||||
| 57,894 |
10. MEMBERS' LIABILITY
The liability of the members' is limited on a winding up to a sum not exceeding £1 each. (The company is limited by guarantee and therefore does not have a share capital).
Page 9