THE COOKE e-LEARNING FOUNDATION
Unaudited Report and Financial Statements
For the year ended 30 June 2023
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 2023
| 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 - 13 |
THE COOKE e-LEARNING FOUNDATION
Charity Information
for the Year Ended 30 June 2023
| 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 | |
| Mr Harsh Panchal | |
| 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 2023
The Trustees present their report with the financial statements of the charity for the year ended 30 June 2023.
GOVERNING DOCUMENT
The Charity is governed by it's memorandum and articles of association incorporated 21 June 2005, as amended on 03 January 2023.
RECRUITMENT AND APPOINTMENT OF TRUSTEES
New Trustees are appointed by existing Trustees based on the experience and skills they will offer, and the requirements of the current Trustees Board and needs of the Charity.
TRUSTEES' INDUCTION
New Trustees are informed about the objectives and running practices of the organisation as well as their duties, responsibilities and role within the Trustees Board and the Charity.
ORGANISATION STRUCTURE
All major policy and spending decisions are subject to approval by the majority of the Trustees. After that, all expenses and spending decisions must be approved according to the framework laid out in section 5, "Levels of Expenditure Authorisation", of the Charities own Financial Controls Policy.
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
Over the last year, our charity has demonstrated remarkable resilience and adaptability. One notable achievement is securing funding from the Youth Investment Fund to renovate our centre, positioning us for greater impact in the coming years. We extend our heartfelt gratitude to our dedicated users, volunteers, trustees, and staff, as well as our valued sponsors, donors, partners, and supporters, including the Active Together Together Fund, D'Oyly Carte CT, DMU Community Challenge Fund 2022, and many others who have played a pivotal role in our success over the past year.
FINANCIAL REVIEW
In the past year, our charity has received substantial restricted income, which we have conscientiously allocated, to provide our users with exceptional community services. While our reserves have faced some challenges due to rising service costs, we have implemented effective strategies to address these cost increases and ensure a sustainable financial future.
In the wake of the pandemic, our Strike Out income stream experienced a significant downturn, impacting our ability to maintain our £40k reserves policy, with the unrestricted reserve dropping to £16k. However, we've seen a robust recovery in the subsequent financial year. To further strengthen our financial stability and mitigate future risks, we are introducing an innovative post-16 service delivery, which promises to add a vital new income stream and diversify our financial portfolio.
Page 2
THE COOKE e-LEARNING FOUNDATION
Report of the Trustees (Continued) for the Year Ended 30 June 2023
RESERVE POLICY
A minimum reserve level of £40,000, representing approximately three months of our average running costs. This serves as a financial buffer for short-term operational needs. Our strategic goal is to increase the reserve level to £80,000, which equates to six months of running costs, as financial viability permits. This enhancement will bolster our ability to manage longer-term financial uncertainties.
RISK MANAGEMENT POLICY
The Trustees examine the major risks that the charity faces each financial year when preparing and updating the strategic plan. The Charity has developed systems to monitor and control these risks to mitigate any impact that they may have on the charity in the future.
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 2023
I report on the accounts of the Charity for the year ended 30 June 2023 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 2023
| 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 |
2021/22 Notes Restricted Unrestricted Total Total £ £ £ £ 3 4 189,176 36,419 225,595 325,745 300 118,645 118,945 71,977 - 232 232 16 189,476 155,296 344,772 397,738 5 - 127,956 127,956 119,822 211,599 34,380 245,978 246,548 6 - 671 671 721 211,599 163,006 374,605 367,091 (22,123) (7,710) (29,833) 30,647 117,091 24,084 141,175 110,529 94,968 16,374 111,342 141,175 2022/23 |
|---|---|
Page 5
THE COOKE e-LEARNING FOUNDATION
Balance Sheet
As at 30 June 2023
----- Start of picture text -----
|||||
|---|---|---|---|
|Notes|2022/23|2021/22|
|£|£|
|FIXED ASSETS:|7|47|105|
|CURRENT ASSETS:|
|Debtors|8|58,739|17,694|
|Bank Account|9|54,533|128,673|
|Total Current Assets|113,272|146,368|
|CREDITORS FALLING DUE|
|WITHIN ONE YEAR:|10|1,976|5,297|
|TOTAL NET ASSETS/(LIABILITIES)|111,342|141,175|
|FUNDS OF THE CHARITY|11|
|Restricted Income Funds|12|94,968|117,091|
|Unrestricted Funds|16,374|24,084|
|Total Funds|111,342|141,175|
----- End of picture text -----
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 2023
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 entity 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 2023
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.
Page 8
THE COOKE e-LEARNING FOUNDATION
Notes to the Financial Statements
For the year ended 30 June 2023
3) Income
| Voluntary income from grants General grants provided by government/other charities Total Income from generated funds Room Hire Urban Garden Project Food Pantry Education services 4) Government Grants Leicester City Council Activities and Food - Summer 21 Leicester City Council Activities and Food - Xmas 21 Leicester City Council Activities and Food - Easter 22 Leicester City Council Activities and Food - Summer 22 Leicester City Council Activities and Food - Winter 23 Leicester City Council Activities and Food - Summer 23 Leicester City Council Activities and Food - Easter 23 Police & Crime Commissioner - Youth Led Intervention Street Games Peer Action Collective Changemaker Project Street Games Youth Justice Sport Fund Kickstart Scheme Leicester city Council - Urban Bees Leicestershire Police - Youth Voice LRCF - Reaching People - Urban Garden Project NHS Leicester/shire/Rutland - Urban Garden Project Social Enterprise Support Fund Sport England Urban Garden (LCC-CCG) |
Restricted Unrestricted £ £ 189,176 36,419 189,176 36,419 - 425 300 - - 25,281 - 92,939 300 118,645 2022/23 2021/22 - 51,169 - 9,000 - 21,647 - 53,577 7,960 30,821 - 18,816 - 20,000 - 101 - 19,430 7,111 27,030 - 1,160 - 7,078 4,999 - 678 - - 44,000 - 6,939 - 3,525 109,915 225,126 2022/23 |
2021/22 Total £ 225,595 325,745 225,595 325,745 425 1,950 300 - 25,281 - 92,939 70,027 118,945 71,977 |
|---|---|---|
Page 9
THE COOKE e-LEARNING FOUNDATION
Notes to the Financial Statements
For the year ended 30 June 2023
5) Expenditure
| Expenditure Generating Funds: Food Pantry 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 - - - 13,616 186,857 200,474 |
Unrestricted 26,363 101,593 127,956 311 34,069 34,380 2022/23 £ 418 253 671 2022/23 |
2021/22 Total 26,363 - 101,593 119,822 127,956 119,822 13,928 16,758 220,926 229,790 234,854 246,548 2021/22 £ 406 315 721 |
|---|---|---|---|
7) Fixed Assets Schedule
| COST As at 1st July 2022 Additions Disposals As at 30th June 2023 DEPRECIATION As at 1st July 2022 Additions Disposals As at 30th June 2023 NET BOOK VALUE As at 30th June 2023 As at 30th June 2022 |
Fix & Fittings £ 10% straight line 1,914 - 1,914 1,809 58 1,867 47 105 |
Office Equip £ 33% straight line 29,094 - 29,094 29,094 29,094 - - |
Total £ 31,008 - - 31,008 30,903 58 - 30,961 47 105 |
|---|---|---|---|
Page 10
THE COOKE e-LEARNING FOUNDATION
Notes to the Financial Statements
For the year ended 30 June 2023
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 |
2022/23 £ 53,755 3,884 1,100 58,739 2022/23 £ 54,533 2022/23 £ - - - 1,976 1,976 |
2021/22 £ 5,020 3,043 9,631 17,694 2021/22 £ 128,673 2021/22 £ - - - 5,297 5,297 |
|---|---|---|
Page 11
THE COOKE e-LEARNING FOUNDATION
Notes to the Financial Statements
For the year ended 30 June 2023
11) MOVEMENTS IN FUNDS
| Restricted/ Unrestricted Access Reach Fund Restricted Active Together Fund - Youth Sports Restricted DMU - Community Challenge Fund 2022 Restricted Duke of Edinburgh Scheme Restricted LCC - Holiday Activities & Food - Easter 22 Restricted LCC - Holiday Activities & Food - Easter 23 Restricted LCC - Holiday Activities & Food - Summer 22 Restricted LCC - Holiday Activities & Food - Summer 23 Restricted LCC - Holiday Activities & Food - Winter 22 Restricted LCC - Kickstart Scheme Restricted LCRF Reaching People - Urban Garden Restricted NHS Leics/shire/Rutland - Urban Garden Restricted Police & Crime Commissioner - Youth Led Restricted Sport England Restricted Street Games Peer Action Changemaker Restricted Street Games Youth Justice Sport Fund Restricted The Julia & Hans Rausing Project - Food Bank Restricted TNLCF - Reaching Comms - B'Leys Ptrship Restricted TNLCF Awards For All - Coronation Project Restricted TNLCF Awards for all - Jubilee Project Restricted TNLCF Social Enterprise Support Fund Restricted Violence Reduction Network - Youth Voice Restricted Other funds Unrestricted Total Funds as per balance sheet |
At 1 July 2022 Incoming Resources Outgoing Resources At 30 June 2023 100 - 100 - - 6,270 3,824 2,446 - 2,000 190 1,810 - 3,966 3,966 - 1,179 - 1,179 - - 13,765 13,765 - 48,496 - 48,496 - - 35,871 813 35,059 - 7,960 7,960 - - 7,111 7,111 - - 4,999 - 4,999 1,584 978 2,562 - - 20,000 5,969 14,031 89 - 89 - - 101 101 - - 19,430 19,430 - - 7,960 7,960 - 32,140 47,088 51,430 27,798 - 10,000 4,326 5,674 5,685 - 5,685 - 26,018 1,977 24,845 3,151 1,800 - 1,800 - 24,084 155,296 163,006 16,374 141,175 344,772 374,604 111,342 |
|---|---|
Page 12
THE COOKE e-LEARNING FOUNDATION
7
Notes to the Financial Statements For the year ended 30 June 2023
12) DETAILS OF RESTRICTED FUNDS
Active Together Together Fund - Youth Sports D'Oyly Carte CT - Youth Music Project DMU - Community Challenge Fund 2022
Duke of Edinburgh Scheme
LCC Holiday Activities & Food - Easter 2023 LCC Holiday Activities & Food - Summer 2023 LCC Holiday Activities & Food - Winter 2023 LRCF Reaching People - Urban Garden Project
NHS Leicester Leicestershire and Rutland ICB - Make the Change Happen Project Urban Garden
Police & Crime Commissioner - Youth-Led Intervention Project
TNLCF (DCMS) Social Investment Business Youth Investment Fund 2024
TNLCF Awards for All - Coronation Project
TNLCF Awards for All - Million Hours Project
TNLCF Reaching Communities - Beaumont Leys Partnership
TNLCF Community Organisations Cost of Living Fund
To deliver sports-related activities for young people.
To deliver music-related activities for young people .
To provide sessions that focus on the mental health and well-being of children and young people.
Helps us to develop our DofE award scheme.
Enables us to deliver high-quality holiday activities and food.
Enables us to deliver high-quality holiday activities and food. Enables us to deliver high-quality holiday activities and food.
Enables us to employ a Project Manager to oversee the development of our Urban Garden.
Enables us to develop aspects of our Urban Garden.
Helps us to reduce anti-social behaviour and provide early intervention e.g. F.U.N.K.I. Cafe: Cooking and socialising. Teenfluencers: Positive social media. Live the Game: Football for skills.
(Phase 2), in partnership with Social Investment Business, NYA, Key Fund, and Resonance, supports youth projects, including our youth centre renovation, to enhance the well-being and skills, securing our centre for 25 years.
Empowered us to host a community celebration for the King's Coronation and sustain ongoing youth activities.
Instrumental in enabling us to offer vital youth outreach support and continuous youth activities.
With support from The National Lottery Community Fund, we've been able to boost our community capacity, assisting grassroots community start-ups and expanding our youth-related activities while also developing our Urban Garden, all contributing to positive changes in our community.
Thanks to the Government and funding from the Community Organisations Cost of Living Fund, delivered by The National Lottery Community Fund, we've been able to sustain and expand critical food and community services.
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