THE COOKE e-LEARNING FOUNDATION
Unaudited Report and Financial Statements
For the year ended 30 June 2022
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 2022
| 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 2022
| TRUSTEES: | Ms Angela Bailey |
|---|---|
| Mr Peter Smith | |
| Mr David Darian Maksymiw | |
| Mr Vincent Moyo | |
| Ms Christine Anne McAulay Lang | |
| Mr Stuart Wilson | |
| Mr Jay Suresh Thobhani (appointed 16/05/22) | |
| Mr Harsh Panchal (appointed 05/09/22) | |
| 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 2022
The Trustees present their report with the financial statements of the charity for the year ended 30 June 2022.
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
During the last financial year we have outperformed our previous year and carried out more communityrelated activities than ever before. We have only been able to do that with the support of our funders for example The National Lottery Community Fund, Social Enterprise Support Fund, Key Fund, Leicester City Council, The Office for the Police & Crime Commissioner to name a few. We have had more of an impact this year because of the trustees, staff and volunteers that assist us to make a real difference in the lives of many 100s of disadvantaged people. Our positive impact is continuously growing and as the Chief Executive Officer I am proud of what we have achieved this financial year and I have high expectations for the year going forward.
FINANCIAL REVIEW
We have been working especially hard this last financial year to try and recoup some of our lost momentum caused by the Covid-19 pandemic. Our trading activities are still underachieving, and we have taken action to remediate this. Ideally, we want our trading activities to be on par with our fundraising activities. We are looking at all the options to increase our trading activities as this is more sustainable in the long-term and gives us more freedom to meet the challenges that volatility and rising costs in the energy, food and services markets present. Our fundraising activities have been significantly improved with the help of our partner The Social Economist. We have been able to secure restricted funding for larger projects and programmes which helps to ensure we meet and exceed our charitable objectives.
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THE COOKE e-LEARNING FOUNDATION
Report of the Trustees (Continued) for the Year Ended 30 June 2022
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:-
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select suitable accounting policies and apply them consistently
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make judgements and estimates that are reasonable and prudent
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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 2022
I report on the accounts of the Charity for the year ended 30 June 2022 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:
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examine the accounts (under section 145 of the Act)
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to follow the procedures laid down in the General Directions given by the Charity Commissioners (under) section 145(5)(b) of the Act); and
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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:
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Accounting records have not been kept in accordance with section 386 of the Companies Act 2006.
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The accounts do not accord with such records.
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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 2022
| 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 |
2020/21 Notes Restricted Unrestricted Total Total £ £ £ £ 3 4 259,854 65,891 325,745 325,581 255 71,722 71,977 86,318 - 16 16 16 260,109 137,629 397,738 411,915 5 - 119,822 119,822 162,689 200,474 46,075 246,548 271,516 6 - 721 721 638 200,474 166,618 367,091 434,844 59,635 (28,989) 30,647 (22,929) 57,456 53,073 110,529 133,458 117,091 24,084 141,175 110,529 2021/22 |
|---|---|
Page 5
THE COOKE e-LEARNING FOUNDATION
Balance Sheet
As at 30 June 2022
| Notes | 2021/22 | 2020/21 | ||
|---|---|---|---|---|
| £ | £ | |||
| FIXED ASSETS: | 7 | 105 | 163 | |
| CURRENT ASSETS: | ||||
| Debtors | 8 | 17,694 | 21,775 | |
| Bank Account | 9 | 128,673 | 95,630 | |
| Total Current Assets | 146,368 | 117,406 | ||
| CREDITORS FALLING DUE | ||||
| WITHIN ONE YEAR: | 10 | 5,297 | 7,040 | |
| TOTAL NET ASSETS/(LIABILITIES) | 141,175 | 110,529 | ||
| FUNDS OF THE CHARITY | 11 | |||
| Restricted Income Funds | 117,091 | 57,456 | ||
| Unrestricted Funds | 24,084 | 53,073 | ||
| Total Funds | 141,175 | 110,529 |
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 2022
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:
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the charity becomes entitled to the resources
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it is more likely than not that the trustees will receive the resources
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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.
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THE COOKE e-LEARNING FOUNDATION
Notes to the Financial Statements For the year ended 30 June 2022
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 2022
3) Income
| Voluntary income from grants General grants provided by government/other charities Total Income from generated funds Room Hire Cooke Computers Education services 4) Government Grants Abbey Ward Fund - Covid 19 Coronavirus Job Retention Scheme HAF2 - Summer 21 HAF4 - Xmas 21 HAF5 - Easter 22 HAF6 - Summer 22 Holiday Hunger (Reaching People) Holiday Hunger 21 Kickstart Scheme Leicester City Council Leicester city Council - Urban Bees Leicestershire Police - Youth Voice LLRCF - Coronavirus Support Fund # 2 NNYS (LLRCF) Social Enterprise Support Fund Sport England Urban Garden (LCC-CCG) VRN-WPF |
Restricted Unrestricted £ £ 259,854 65,891 259,854 65,891 - 1,950 - - 255 69,772 255 71,722 2021/22 2020/21 - 1,000 - 85,991 51,169 - 9,000 - 21,647 53,577 - 15,290 - 13,271 27,030 21,546 - 5,000 1,160 - 7,078 - - 5,000 - 7,500 44,000 46,960 6,939 - 3,525 - - 4,999 225,126 206,557 2021/22 |
2020/21 Total £ 325,745 325,581 325,745 325,581 1,950 - - 1,591 70,027 83,010 71,977 84,601 |
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Page 9
THE COOKE e-LEARNING FOUNDATION
Notes to the Financial Statements For the year ended 30 June 2022
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 7) Fixed Assets Schedule COST As at 1st July 2021 Additions Disposals As at 30th June 2022 DEPRECIATION As at 1st July 2021 Additions Disposals As at 30th June 2022 NET BOOK VALUE As at 30th June 2022 As at 30th June 2021 |
Restricted - - - 13,616 186,857 200,474 Fix & Fittings £ 10% straight line 1,914 1,914 1,751 58 1,809 105 163 |
Unrestricted - 119,822 119,822 3,142 42,933 46,075 2021/22 £ 406 315 721 Office Equip £ 33% straight line 29,094 - 29,094 29,094 29,094 - - 2021/22 |
2020/21 Total - - 119,822 162,689 119,822 162,689 16,758 20,365 229,790 251,152 246,548 271,516 2020/21 £ 394 244 638 Total £ 31,008 - - 31,008 30,845 58 - 30,903 105 163 |
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Page 10
THE COOKE e-LEARNING FOUNDATION
Notes to the Financial Statements
For the year ended 30 June 2022
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 |
2021/22 £ 5,020 3,043 9,631 17,694 2021/22 £ 128,673 2021/22 £ - - - 5,297 5,297 |
2020/21 £ 183 - 21,593 21,775 2020/21 £ 95,630 2020/21 £ - 4,430 1,044 1,565 7,040 |
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Page 11
THE COOKE e-LEARNING FOUNDATION
Notes to the Financial Statements
For the year ended 30 June 2022
11) MOVEMENTS IN FUNDS
| Restricted/ Unrestricted Awards for all (Jubilee) Restricted Access Reach Fund Restricted CYC22 Restricted B'Leys Partnership Restricted HAF2 - Summer 21 Restricted BLP-Ext2 Restricted HAF4 - Xmas 21 Restricted HAF5 - Easter 22 Restricted HAF6 - Summer 22 Restricted Sport England Restricted Urban Garden (LCC-CCG) Restricted Kickstart Scheme Restricted Youth Voice Restricted SESF 22 Restricted Other funds Unrestricted Total Funds as per balance sheet |
At 1 July 2021 Incoming Resources Outgoing Resources At 30 June 2022 - 10,000 4,315 5,685 0 6,000 5,901 100 - 1,775 1,775 - 22,913 45,113 35,885 32,140 - 24,169 24,169 - 28,956 - 28,956 - - 9,000 9,000 - - 21,727 20,548 1,179 - 53,577 5,082 48,496 - 6,939 6,850 89 - 3,525 1,941 1,584 5,587 27,205 32,792 - - 7,078 5,278 1,800 - 44,000 17,982 26,018 53,073 137,629 166,618 24,084 110,529 397,738 367,091 141,175 |
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