CORAM LIFE EDUCATION WEST MERCIA Company No. Charity No. 04417035 1102580 FINANCIAL STATEMENTS for the year ended 31 MARCH 2024
CORAM LIFE EDUCATION WEST MERCIA CHARITY INFORMATION DIREcfoRS V M C Lyttle FCA P D Dallimer S Cusak Mrs P Cusak Ms P J Lyitle TJC Lyttle PRINCIPLE OFFICE 6 The Grove Hampton in Arden Solihull B92 OHD REGISERED OFFICE 13 Portland Road Edgbaston Birmingham B16 9HN BANKERS HSBC PIC 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 I
CORAM LIFE EDUCATION WEST MERCIA (A company limited by guarantee and not havlng a share capltal) DIRECTORS, REPORT for the year ended 31 March 2024 The directors present their annual report and the financial statements for the year ended 31 March 2024. OWEcfs OF THE COMPANY The company is givemed by a Memorandum and Articles of Assoclation. The company's objects and principal activity is that of perlpatetic 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 dirertors at regular bi- monthly meetin8s. Five educators and the manager, who are all qualified teachers, deliver the health education programme to children from a mobile classroom and in the schoo15 classrooms by arrangement with schools. DIRECTORS The directors who are also trustee5 who held office during the year are listed on page l. Where a casual vacancy arises during the year. the members may appoint a person to fill the position until the next Annual General Meetin8. APPOINTMENT, INDUCTION AND TRAINING OF VEW TRusfEES 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 Iworcestershirel. The induction process for newly appointed trustees comprises an initial meeting with the Chairman of Trustees and on review of the charitable objectlves of the company and powers of the Board of Trustees. FINANCES One charitable trust ha5 pledged continuing SUPPOrt with quarterly donations and an interest free loan. The financial statements for the year to 31 March 2024 are attached to this report. The total of funds raised and contributions received from schools, wa5 £106.109 (2023- £101,897). The total expenditure during the year was £98,211 12023 - £88.3171 leavin8 a surplus of £7.89812023 - £13,580). INVESTMENT POWERS Under the Memorandum and Articles of Association, the company has the power to make investments which the direttors consider appropriate. Page 2
CORAM LIFE EDUCATION WEST MERCIA (A company Ilmlted by guarantee and not having a share capltal) DIREcfoRS' REPORT for the year ended 31 March 2024 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 benef it. RESERVES POLICY It is the intention of the dirertors to maintain the company's unre5tritted 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. Thi5 15 bein8 acheived with the support of the charitable trust referred 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" ISORP 20051 and in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006. Ths report was approved by the dirertors on 6 December 2024 and signed on its behalf by: V M C LYrrLE Dlrertor Page 3
CORAM LIFE EDUCATION WEST MERCIA (A company limited by guarantee and not havlng a share capital) INDEPENDENT EXAMINER'S REPORT TO THE DIRECTORS ON THE UNAUDITED ACCOUNTS for the year ended 31 March 2024 I report on the accounts for the year ended 31 March 2024 set out on pages 5 to 9. Respertive responslbilltles of trustees and examiner The trustees Iwho are also the directors of the company for the purposes of company lawl are responsible for the preperation of the accounts. The trustees consider that an audit is not required for this year under section 14412) of the Charities Act (the 2011 Act) and that an independent examination is needed. Havin8 satlsfied 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 Att; follow the procedures laid down in the general directions given by the Charity Commission lunder section 14515}Ibl of the 2011 Act: and state whether particular matters have come to my attention. B48is 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 comparlson 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 examlner's st*tement 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 record5 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 have not been meA' 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 connettion with the examination to which attention should be drawn in this rep order to enable a proper understanding of the accounts to be reached. Rlchard Gold FCA Independent examiner For and behalf of Barnett Ravenscroft Ilmlted Charterd Accountants 13 Portland Road Edgbaston Birmlngham B16 9HN 6 December 2024 Page 4
CORAM LIFE EDUCATION WEST MERCIA (A company limited by guarantee and not having a share capital) STATEMENT OF FINANCIAL AcrivmES (including Income and Expenditure Account) for the year ended 31 March 2024 INCOMIPIG RESOURCES Notes 2024 2023 Incomln8 resources from generated funds . Voluntary Income Investment Income Grants and Donations 35,000 40,000 Attivities to Generate Funds . Contributions fron Schools Sundry Income 71,109 61,897 Total intoming resources 106,109 101,897 RESOURCES EXPENDED Cost of Generating Funds . Costs of voluntary income Charitable Attivities Governnance Cost 3,527 75,053 19,631 3.610 65.688 19.019 Totsl resource expeneded 98,211 88,317 2024 General Fund 2023 General Fund NEf INCOMINGIIOUTGOINGI RESOURCES FOR THE YEAR 7,898 13,580 Funds brought forward 13,394} 1 26.9741 Funds carried forward 5,496) 13.3941 The accumulated fund above is all unrestritted The notes on pages 7 to 9 form part of these accounts Page 5
CORAM LIFE EDUCATION WEST MERCIA IA company limlted by guarantee and not having a share capital) STATEMENT OF FINANCIAL POSITION for the year ended 31 Mah 2024 Notes 2024 2023 FIXED ASSETS Tangible Assets 1,928 1,501 CURRENT ASSETS Stock Debtor5 1,000 13,888 14,888 10.544 11,544 CREDITORS . Amounts falling due within one yea io 1 22,3121 26.4391 NEf CURRE LIABILITIES 7,4241 14,895) TOTAL ASss LESS CURRENT LIABILMES 5,4961 13,3941 FUNDS General Unresticted Fund 5,4961 13,3941 The directors are satisfied that the company is entitled to exemption from the provisions of the Companies Att 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 acknowled8e their responsibility for lil ensuring the company keeps proper accounting records which comply with section 386 of the Act, and li1} preparing financial statements which give a true and fair view of the state of affairs of the company a5 at the end of the financial year and of its surplus or deficit for the financial year in accordance with the requirements of settion 393, and which otherwise comply wlth the requirments of the Att relating to financial statements, so far as applicable to the company. These financial statements have been prepared in accordance wlth the special provisions for small companies under part 15 of the Companies Act 2006 and with Financial Reporting Standard for Smaller Entities (effective January 20151. The financial statements were approved by the trustees on 6 December 2024 and signed on its beha5f by VMCL 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 2024 GENERAL INFORMATION AND BASIS OF PREPERATION Coram Life Education West Mercia is a private company limited by 8uarantee, registered in England and Wales. The address of the registered office is 13 Portland Road, Edgbaston, Bimiingham, 816 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 preparin8 their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102}, the Charities Att 2011, the Companies Act 2006 and UK Generally Accepted Practice as it applies from l April 2015. The charity has applied Update Bulletin l as published on 2 February 2019 and does not include a cash flow statement on the ground5 that it is applying FRS 102 Section IA. 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 signlflcant 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. ACCOUNTING POLICIES a Incomlng Resourtes Incomin8 resources are included in the Statement of Financial Attivities when the company is legallv 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 followin8-_ (il Cost of generating funds: which comprise the costs associated with attracting voluntary income. lil) Charitable activities expenditure: which comprise those costs incurred by the charity in delivery of its activities for its beneficiaries. {iiil Governance costs- which comprise those costs a55OClated with meeting the constitutional and statutory requirments of the charity. livl All costs are allocated between the expenditure categories of the Statement of Financial Artivities on a basis designed to reflect the use of the resource and costs relating to a particular attivity 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 2024 2. ACCOUNTING POUCIES {continued} e Depreciation Depreciation is calculated so as to wrlte off the cost of the asset, less its estimated residual value, over the useful economic life of that asset as follows Mobile classroom Computer equipment Motor vehicle Office equipment - IO% straight line 33 113% straight line - 20% written down value - 20% written down value COST OF GENERATING VOLUNTARY INCOME 2024 2023 Sundries Fund raising 527 3,000 3,527 610 3,000 3.610 All the above are considered to be the support costs of the charity. COSTS OF CHARITABLE AcnviTIES 2024 2023 Van Expenses Depreciation Promotional Literature Licence Salary and Sub Contract Training Courses Sundry Expenses Teachlng Acce550ries 202 202 8,416 59,711 1,641 4.945 138 75,053 8.296 52.456 680 4.032 22 65,688 GOVERNANCE COSTS 2024 2023 Administrartion and Finance Costs Reporting Accountants Fees Depreciation 17.270 1.838 523 19,631 17,346 1,500 173 19,019 NEf INCOMING RESOURCES FOR THE YEAR 2024 2023 This is stated after charging:_ Depreciation of owned assets 725 375 DIREcfoRS AND STAFF COSTS No remuneratlon was paid or is payable to the directors for the year {2023 . £Nil). Expenses reimbursed to a director durin8 the year £Nil12023 £Nil}. Page 8
CORAM LIFE EDUCATION WEST MERCIA NOTES TO THE ACCOUNTS for the year ended 31 March 2024 8. TANGIBLE FIXED ASSEts Office and Mobile Com Classroom E ul Total COST At 31 March 2023 2,021 2,817 4,838 Additions 1,152 1,152 Disposa15 At 31 March 2024 2,021 3,969 5,990 DEPRECIATION At 31 March 2023 1.213 2.124 3.337 Charge for the year 202 523 725 Disposals At 31 March 2024 1,415 2,647 4,062 NET BOOKVAUE At 31 March 2024 606 1,322 1,928 At 31 March 2023 808 693 1,501 DEBTORS 2024 2023 Trade Debtors Other Debtors 11.927 1,961 13,888 8,583 1,961 10,544 10. CREDITORS: Amounts falling due within one year 2024 2023 Bank Overdarft Trade Creditors Social Security Costs Accruals Loans 10,671 150 1,392 1,700 8,400 22,312 10.788 2,139 3,612 1.500 8,400 26,439 10. MEMBERS, LIABILiri The liability of the members, is limited on a winding up to a sum not exceedin8 £1 each. (The company is limited by guarantee and therefore does not have a share capitall. Page 9