## 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:-
- 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 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:
- 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 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.
Page 13