## THE COOKE e-LEARNING FOUNDATION
Unaudited Report and Financial Statements
For the year ended 30 June 2021
Charity No: 1111178
UK Registered Company Number: 5486162 (England and Wales)
THE COOKE e-LEARNING FOUNDATION
Contents of the Financial Statements for the Year Ended 30 June 2021
||Page|
|---|---|
|Charity Information|1|
|Report of the Trustees|2 - 3|
|Independent Examiner Report|4|
|Statement of Financial Activities|5|
|Balance Sheet|6|
|Notes to the Financial Statements|7 - 12|
THE COOKE e-LEARNING FOUNDATION
## Charity Information
for the Year Ended 30 June 2021
**TRUSTEES:** Mr David Paterson Marr Mr Peter Smith Mr David Darian Maksymiw Mr Vincent Moyo Mr Adam James Storey Mr Stuart Wilson Christine Anne McAulay Lang (appointed 18/10/21) Angela Bailey (appointed 18/10/21) **REGISTERED OFFICE:** THE COOKE E-LEARNING FOUNDATION E2 Training Centre 2 - 4 Home Farm Square Leicester Leicestershire LE4 0RU **CHARITY NUMBER:** 1111178 **BANKERS:** Lloyds Bank High Street Leicester Branch PO Box 1000 BX1 1LT **ACCOUNTANTS:** Trouble with your figures 73 Leicester Road Thurcaston Leicester LE7 7JH
Page 1
THE COOKE e-LEARNING FOUNDATION
## Report of the Trustees for the Year Ended 30 June 2021
The Trustees present their report with the financial statements of the charity for the year ended 30 June 2021.
## **OBJECTIVES AND ACTIVITIES**
The principal activity of the organisation in the period under review was the charitable advancement of education, in particular of those who have social or economic disadvantage or who have disability, through the provision or assistance in the provision of information, learning and communications technology.
## **ACHIEVEMENTS AND PERFORMANCE**
As a charity, we have made a real impact this year with our work for the benefit of people in Beaumont Leys, Leicester, and beyond. The Covid pandemic has defined our role in the communities we work in, and we now have a deeper understanding, along with more knowledge and experience to ensure we best meet our beneficiaries’ needs. During the pandemic, we carried out 11,700 doorstep deliveries of emergency food and visited 13,400 homes in our locale. We utilised our kitchen and the kitchen at Beaumont Lodge Neighbourhood Centre to create over 6000 meals with fresh ingredients. At the end of the pandemic, we re-mobilised our Emergency Food Distribution service to a new Food Pantry model which is now meeting the needs of a ‘hidden population’ of people that fall through the gaps of existing foodbank provision. Since Q3 2021, we have distributed 9 tons of surplus food through our Food Pantry service.
Our services are now more streamlined than ever and we have four distinct areas of work e.g. Strike Out - Alternative education provision, Afterschool and holiday provision for young people, community capacity building projects as well as our food redistribution services.
We have been fortunate to be supported by a wide range of organisations and businesses that are too extensive to list, however, a special mention has to be made to Demontfort University, The National Lottery Community Fund, Sports England, Violence Reduction Network, Leicester City Council, Samworth Brothers, as well as our local community partners. We owe a debt of gratitude to all our hard-working volunteers, staff, and Trustees who all go the extra mile to ensure we meet the expectation of our beneficiaries.
## **FINANCIAL REVIEW**
Our trading income has suffered a significant loss in Q1 - Q3 of 2021, due to a lack of student placements from mainstream schools and education partnerships. This has meant we utilised the Governments Job Retention Scheme to ensure we did not have to make redundancies. However, even with the use of this scheme, we had to make a few redundancies, because of restricted grant-funded projects that naturally came to an end once the Covid pandemic ended, and our Emergency Food Distribution service ended. This was of no surprise to the staff that were employed on this project, and they were supported to secure new employment, or were able to move sideways in our organisation.
During Q1 - Q3, restricted grant funding was significantly increased, mostly because of our response to the pandemic and the services we mobilised. Our youth services and community capacity-building work has continued to grow and expand which has provided the charity with significant restricted funds. Q3 2021 - Q1 2022 has seen our trading income increase and expand close to pre-pandemic levels. During this same period, our restricted grant funding has continued to grow with trusts, foundations and national initiatives starting to come back on stream for non-covid related projects.
I expect that we will increase our trading income by 25% in the next financial year and continue to receive restricted funds for specific charitable projects. This will mean that our income for the next financial year will exceed any previous years.
Page 2
THE COOKE e-LEARNING FOUNDATION
## Report of the Trustees (continued) for the Year Ended 30 June 2021
## **STATEMENT OF TRUSTEES RESPONSIBILITIES**
Charity law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the net surplus or deficit of the charity for that period. In preparing those financial statements, the Trustees are required to:-
- select suitable accounting policies and apply them consistently
- make judgements and estimates that are reasonable and prudent
- prepare the financial statements on the going concern basis unless it is appropriate to presume that the charity will not continue in operation
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charities SORP FRS 102. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The organisation has taken advantage of the small companies exemption in preparing the report above. The trustees declare that they have approved the trustees report above.
ON BEHALF OF THE COMMITTEE
Peter Smith
Date:
The Cooke e-Learning Foundation
Page 3
THE COOKE e-LEARNING FOUNDATION
## Independent Examiners Report to the Trustees for the Year Ended 30 June 2021
I report on the accounts of the Trust for the year ended 30 June 2021 which are set out on pages 5 to 12.
This report is made solely to the trustees, as a body, in accordance with the regulations made under Section 154 of the Charities Act 2011. My work has been undertaken so that I might state to the charity's trustees those matters I required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's trustees, as a body, for my work, for this report, or the opinions I have formed.
## **Respective responsibilities of trustees and examiner**
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under section 144 of the Charities Act 2011 (the Act)) and that an independent examination is needed.
It is my responsibility to:
- examine the accounts (under section 145 of the Act)
- to follow the procedures laid down in the General Directions given by the Charity Commissioners (under) section 145(5)(b) of the Act); and
- to state whether particular matters have come to my attention.
## **Basis of independent examiners report**
My examination is carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a 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 the seeking of 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, I do not express an audit opinion on the "true and fair" view given by the accounts, and the report is limited to those matters set out in the statement below.
## **Independent examiner's statement**
I confirm that no matters have come to my attention to indicate that:
- Accounting records have not been kept in accordance with section 386 of the Companies Act 2006.
- The accounts do not accord with such records.
- Where accounts are prepared on an accruals basis, whether they fail to comply with relevant accounting
requirements under section 396 of the Companies Act 2006, or are not consistent with the Charities SORP (FRS102).
- Any matter which the examiner believes should be drawn to the attention of the reader to gain a proper understanding of the accounts.
Linda Kimberley-Brooks (ACMA) Trouble with your figures
73 Leicester Road
Thurcaston Leicester. LE7 7JH. Date:
Page 4
THE COOKE e-LEARNING FOUNDATION
## Statement of Financial Activities
for the Year Ended 30 June 2021
|**Income**
Voluntary income from grants
Income from generated funds
Investment income and bank interest
Total
**Expenditure**
Generated Funds
Charitable Activities
Governance Costs
Total
**Net income/(expenditure)**
Total funds bought forward
**Total funds carried forward**|**2019/20**
**Notes**
**Restricted**
**Unrestricted**
**Total**
**Total**
**£**
**£**
**£**
**£**
3
4
199,088
126,493
325,581
264,900
-
86,318
86,318
120,135
-
16
16
59
199,088
212,827
411,915
385,094
5
-
162,689
162,689
180,563
260,160
11,357
271,516
149,707
6
-
638
638
915
260,160
174,684
434,844
331,185
(61,072)
38,143
(22,929)
53,910
118,528
14,930
133,458
79,548
57,456
53,073
110,529
133,458
**2020/21**|
|---|---|
Page 5
THE COOKE e-LEARNING FOUNDATION
## Balance Sheet
As at 30 June 2021
||**Notes**||**2020/21**|**2019/20**|
|---|---|---|---|---|
||||**£**|**£**|
|**FIXED ASSETS:**||7|163|223|
|**CURRENT ASSETS:**|||||
|Debtors||8|21,775|8,148|
|Bank Account||9|95,630|128,939|
|**Total Current Assets**|||117,406|137,086|
|**CREDITORS FALLING DUE**|||||
|**WITHIN ONE YEAR:**||10|7,040|3,852|
|**TOTAL NET ASSETS/(LIABILITIES)**|||110,529|133,458|
|**FUNDS OF THE CHARITY**||11|||
|Restricted Income Funds|||57,456|118,528|
|Unrestricted Funds|||53,073|14,930|
|**Total Funds**|||110,529|133,458|
The charity was entitled to exemption from audit under s477 of the Companies Act 2006 relating to small companies.
The members have not required the charity to obtain an audit in accordance with section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP.
Approved by the trustees and signed on their behalf by:
## **Mr David Maksymiw**
Trustee
Date:
## **Mr Peter Smith**
Treasurer/Trustee
Date:
Page 6
THE COOKE e-LEARNING FOUNDATION
## Notes to the Financial Statements For the year ended 30 June 2021
## **1) Basis of preparation**
## **Basis of accounting**
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
The accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014.
The charity constitutes a public benefit entitity as defined by FRS 102.
## **Going Concern**
These accounts are prepared on the going concern basis.
## **Change of accounting policy**
The accounts present a true and fair view and no changes have been made to the accounting policies adopted in note 2.
## **Changes to accounting estimates**
No changes to accounting estimates have occurred in the reporting period.
## **2) ACCOUNTING POLICIES**
## **2.1) Reconciliation with previous generally accepted accounting practice**
None required for this period.
## **2.2) Income**
**Recognition of income**
These are included in the Statement of Financial Activities (SOFA) when:
- the charity becomes entitled to the resources
- it is more likely than not that the trustees will receive the resources
- the monetary value can be measured with sufficient reliability
## **Offsetting**
There has been no offsetting of assets and liabilities, or income and expenses.
## **Grants and Donations**
Grants (including performance related grants) and donations are only included in the SOFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP).
## **Government grants**
The charity has received government grants in the reporting period.
Page 7
THE COOKE e-LEARNING FOUNDATION
## Notes to the Financial Statements For the year ended 30 June 2021
## **2.3) Expenditure and Liabilities**
## **Liability Recognition**
Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
## **Governance and support costs**
Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, eg allocating property costs by floor areas, or per capita, staff costs by time spent and other costs by their usage.
## **Grants with performance conditions**
Where the charity gives a grant for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output.
## **Grants payable without performance conditions**
Where there are no conditions attaching to the grant that enables the donor charity to realistically avoid the commitment, a liability for the full funding obligation must be recognised.
## **Redundancy cost**
The charity made no redundancy payments during the reporting period.
## **Deferred income**
No material item of deferred income has been included in the accounts.
## **Creditors**
The charity has creditors which are measured at settlement amounts less any trade discounts.
## **Provision for liabilities**
A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date.
## **Basic financial instruments**
The charity accounts for basic financial instruments on initial recognition as per paragraph 10.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19, FRS102 SORP.
## **2.4) Assets**
## **Debtors**
Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.
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THE COOKE e-LEARNING FOUNDATION
## Notes to the Financial Statements
## For the year ended 30 June 2021
## **3) Income**
|**Voluntary income from grants**
General grants provided by government/other
charities
Total
**Income from generated funds**
Community Café
Cooke Computers
Food bank
Education services
**4) Government Grants**
Abbey Ward Fund - Covid 19
Kickstart Scheme
AFE - Covid 19
Arts Council
Social Enterprise Support Fund
Beaumont Leys Ward Fund (2019)
BSBT
Coronavirus Job Retention Scheme
LCC Business Support Grant (Covid 19)
LCC Holiday Hunger Fund
LCC Jobs Fund
Leicester City Council
LCC Summer activities (2019)
LLRCF - Coronavirus Support Fund # 1
LLRCF - Coronavirus Support Fund # 2
NNYS (LLRCF)
Moneywise Plus
PCC - SM Ext (VRN)
PCC - Street Co-ordinators
PCC - Street Mediators
VRN-WPF
Holiday Hunger (Reaching People)
Holiday Hunger 21
Ward Fund (2019)||**Restricted**
**Unrestricted**
**£**
**£**
199,088
126,493
199,088
126,493
-
-
1,591
-
1,717
-
83,010
-
86,318
**2020/21**
**2019/20**
1,000
2,200
21,546
-
-
8,279
-
1,260
46,960
-
-
2,200
-
6,424
85,991
31,518
-
25,000
-
5,275
-
2,500
5,000
-
2,381
-
9,999
5,000
-
7,500
-
-
1,201
-
29,685
-
9,935
-
34
4,999
-
15,290
13,271
-
1,000
206,557
138,891
**2020/21**|**2019/20**
**Total**
**£**
325,581
264,900
325,581
264,900
-
333
1,591
-
-
-
83,010
112,087
84,601
112,419|
|---|---|---|---|
Page 9
THE COOKE e-LEARNING FOUNDATION
## Notes to the Financial Statements For the year ended 30 June 2021
## **5) Expenditure**
|**Expenditure Generating Funds:**
Community Cafe Expenses
Education Services Expenses
Total Expenditure on raising funds
**Expenditure on Charitable Activities:**
Office Expenses
Project Expenses
**6) Details of certain types of expenditure**
**6.1) Fees for examination of the accounts**
Independent examiner's fees
Accountancy services paid to independent examiner|**Restricted**
-
-
-
17,875
242,284
260,160|**Unrestricted**
-
162,689
162,689
2,490
8,867
11,357
**2020/21**
**£**
394
244
638
**2020/21**|**2019/20**
**Total**
-
-
162,689
180,563
162,689
180,563
20,365
21,515
251,152
128,192
271,516
149,707
**2019/20**
**£**
383
532
915|
|---|---|---|---|
## **7) Fixed Assets Schedule**
|**COST**
As at 1st July 2020
Additions
Disposals
As at 30th June 2021
**DEPRECIATION**
As at 1st July 2020
Additions
Disposals
As at 30th June 2021
**NET BOOK VALUE**
**As at 30th June 2021**
As at 30th June 2020|**Fix & Fittings**
£
10% straight line
1,914
1,914
1,693
58
1,751
**163**
221|**Office Equip**
£
33% straight line
29,094
-
29,094
29,092
2
29,094
**0**
2|**Total**
£
31,008
-
-
31,008
30,785
60
-
30,845
**163**
223|
|---|---|---|---|
Page 10
THE COOKE e-LEARNING FOUNDATION
## Notes to the Financial Statements
For the year ended 30 June 2021
## **8) Debtors**
## **8.1) Analysis of debtors**
|Trade Debtors
Other Debtors
Prepayments and accrued income
**9) Cash at bank and in hand**
Cash at bank and on hand
**10) Creditors**
**10.1) Analysis of creditors**
Trade Creditors
Tax and National Insurance
Payroll Liabilities
Accruals and deferred income|**2020/21**
**£**
183
-
21,593
21,775
**2020/21**
**£**
95,630
**2020/21**
**£**
-
4,430
1,044
1,565
7,040|**2019/20**
**£**
6,888
-
1,260
8,148
**2019/20**
**£**
128,939
**2019/20**
**£**
-
1,319
782
1,750
3,852|
|---|---|---|
Page 11
THE COOKE e-LEARNING FOUNDATION
## Notes to the Financial Statements
For the year ended 30 June 2021
## **11) MOVEMENTS IN FUNDS**
|Restricted/
Unrestricted
Abbey Ward Fund - Covid 21
Restricted
Access Reach Fund
Restricted
AFE - Covid 19
Restricted
B'Leys Partnership
Restricted
B'Leys Partnership (ext Covid 19 response)
Restricted
BLP-Ext2
Restricted
BSBT
Restricted
Catholic Church Fund
Restricted
DMU - T/Lodge
Restricted
EFP (Action Homeless)
Restricted
Good Things Foundation
Restricted
Kickstart Scheme
Restricted
LLRCF - Coronavirus Support Fund # 1
Restricted
LLRCF - Coronavirus Support Fund # 2
Restricted
NNYS (LLRCF)
Restricted
Oaktree Fund
Restricted
SESF
Restricted
PCC - Street Mediators
Restricted
PCC - Street Co-ordinators
Restricted
PCC - SM Ext (VRN)
Restricted
VRN-WPF
Restricted
Other funds
Unrestricted
Total Funds as per balance sheet|At 1 July 2020
Incoming
Resources
Outgoing
Resources
At 30 June
2021
-
1,000
1,000
-
0
8,000
8,000
0
796
796
-
26,109
45,113
48,310
22,913
49,037
49,037
-
-
51,435
22,479
28,956
126
126
-
9,727
9,727
-
7,750
7,750
-
-
1,494
1,494
-
-
5,240
5,240
-
-
21,546
15,960
5,587
9,999
9,999
-
-
5,000
5,000
-
-
7,500
7,500
-
3,000
3,000
-
-
46,960
46,960
-
2
2
-
225
225
-
11,756
11,756
0
-
4,999
4,999
-
14,930
212,827
174,684
53,073
133,458
411,115
434,044
110,529|
|---|---|
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