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← The Cooke E-Learning Foundation

2024-06-30-accounts

THE COOKE e-LEARNING FOUNDATION

Unaudited Report and Financial Statements

For the year ended 30 June 2024

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 2024

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 2024

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 2024

The Trustees present their report with the financial statements of the charity for the year ended 30 June 2024.

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 past year, our charity has continued to demonstrate resilience and adaptability in an ever-changing environment. A significant achievement was securing funding from the Youth Investment Fund to renovate our centre, positioning us for even greater impact in the coming years.

We are deeply grateful for the unwavering support of our dedicated users, volunteers, trustees, staff, and our community of sponsors, donors, and partners. Key supporters this year include the D’Oyly Carte Charitable Trust, Duke of Edinburgh Award Scheme, Garfield Weston, LCC Holiday Activities & Food Fund, National Grid Community Matters, and TNLCF (DCMS) Social Investment Business. Additionally, we acknowledge the generous backing from TNLCF's Cost of Living Fund, TNLCF Awards for All, and our Urban Garden project partners, including Trelleborg.

Your collective contributions have been instrumental in our success, and we look forward to continuing this vital work together.

FINANCIAL REVIEW

In the past year, our charity has received significant restricted income, which has been responsibly allocated, to enhance our community services. However, like many organisations, we have faced financial challenges due to rising service costs, which impacted our ability to maintain our £40k reserves policy. By the end of the financial year, our unrestricted reserves stood at £30.3k, reflecting a shortfall from our target. Despite this, we remain committed to strengthening our reserves and have implemented cost management strategies to ensure long-term sustainability.

Page 2

THE COOKE e-LEARNING FOUNDATION

Report of the Trustees (Continued) for the Year Ended 30 June 2024

FINANCIAL REVIEW (cont.)

While our Strike Out income stream continues to recover, we are in the process of introducing a new post-16 service delivery, which is expected to provide a crucial additional income stream. This initiative will not only support the diversification of our financial portfolio but also help mitigate future financial risks. Looking ahead, we are optimistic that these efforts will reinforce our financial stability and allow us to rebuild our reserves to the desired level.

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:-

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 The Cooke e-Learning Foundation

Date:

Page 3

THE COOKE e-LEARNING FOUNDATION

Independent Examiners Report to the Trustees for the Year Ended 30 June 2024

I report on the accounts of the Charity for the year ended 30 June 2024 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:

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:

requirements under section 396 of the Companies Act 2006, or are not consistent with the Charities SORP (FRS102).

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 2024

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		 2022/23
Notes
Restricted
Unrestricted
Total
Total
£
£
£
£
3
4
827,748
12,295
840,043
225,595
-
145,182
145,182
118,945
-
745
745
232
827,748
158,222
985,970
344,772
5
-
120,794
120,794
127,956
883,274
22,178
905,452
245,978
6
-
1,311
1,311
671
883,274
144,283
1,027,557
374,605
(55,526)
13,939
(41,587)
(29,833)
94,968
16,374
111,342
141,175
39,442
30,313
69,755
111,342
2023/24

Page 5

THE COOKE e-LEARNING FOUNDATION

Balance Sheet

As at 30 June 2024

==> picture [344 x 246] intentionally omitted <==

----- Start of picture text -----
||||| |---|---|---|---| |Notes|2023/24|2022/23| |£|£| |FIXED ASSETS:|7|0|47| |CURRENT ASSETS:| |Debtors|8|22,689|58,739| |Bank Account|9|53,667|54,533| |Total Current Assets|76,355|113,272| |CREDITORS FALLING DUE| |WITHIN ONE YEAR:|10|6,600|1,976| |TOTAL NET ASSETS/(LIABILITIES)|69,755|111,342| |FUNDS OF THE CHARITY|11| |Restricted Income Funds|12|39,442|94,968| |Unrestricted Funds|30,313|16,374| |Total Funds|69,755|111,342|

----- 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 2024

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

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 2024

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 2024

3) Income

Voluntary income from grants
General grants provided by government/other
charities
Total
Income from generated funds
Room Hire
We are digital
Urban Garden Project
Food Pantry
Education services
4) Government Grants
Kickstart Scheme
Leicester City Council Activities and Food - Easter 23
Leicester City Council Activities and Food - Summer 23
Leicester City Council Activities and Food - Winter 23
Leicester City Council Activities and Food - Easter 24
LRCF - Reaching People - Urban Garden Project
NHS Leicester/shire/Rutland - Urban Garden Project
Police & Crime Commissioner - Youth Led Intervention
Street Games Peer Action Collective Changemaker Project
Street Games Youth Justice Sport Fund
TNLCF - Cost of living fund
TNLCF (DCMS) Social Investment Business Youth
Investment Fund 2023
TNLCF Awards for All - Million Hours Project
TNLCF DCMS - Million Hours Fund - Strand 2
TNLCF Reaching Communities - Beaumont Leys Partnership		 Restricted
Unrestricted
£
£
827,748
12,295
827,748
12,295
-
-
3,273
-
-
-
20,435
-
121,474
-
145,182
2023/24
2022/23
-
7,111
-
18,816
7,068
30,821
16,846
7,960
15,342
-
-
4,999
-
678
-
20,000
-
101
-
19,430
74,859
-
591,189
-
10,000
-
36,857
-
24,532
-
776,692
109,915
2023/24		 2022/23
Total
£
840,043
225,595
840,043
225,595
-
425
3,273
-
-
300
20,435
25,281
121,474
92,939
145,182
118,945

Page 9

THE COOKE e-LEARNING FOUNDATION

Notes to the Financial Statements

For the year ended 30 June 2024

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
-
-
-
22,201
861,072
883,274		 Unrestricted
26,363
94,430
120,794
12,537
130,436
142,973
2023/24
£
430
881
1,311
2023/24		 2022/23
Total
26,363
26,363
94,430
101,593
120,794
127,956
34,738
13,928
991,508
220,926
1,026,246
234,854
2022/23
£
418
253
671

7) Fixed Assets Schedule

COST
As at 1st July 2023
Additions
Disposals
As at 30th June 2024
DEPRECIATION
As at 1st July 2023
Additions
Disposals
As at 30th June 2024
NET BOOK VALUE
As at 30th June 2024
As at 30th June 2023		 Fix & Fittings
£
10% straight line
1,914
-
1,914
1,867
47
1,914
0
-
47		 Office Equip
£
33% straight line
29,094
-
29,094
29,094
-
29,094
-
-		 Total
£
31,008
-
-
31,008
30,961
47
-
31,008
0
47

Page 10

THE COOKE e-LEARNING FOUNDATION

Notes to the Financial Statements

For the year ended 30 June 2024

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		 2023/24
£
22,670
19
-
22,689
2023/24
£
53,667
2023/24
£
-
4,295
894
1,411
6,600		 2022/23
£
53,755
3,884
1,100
58,739
2022/23
£
54,533
2022/23
£
-
-
-
1,976
1,976

Page 11

THE COOKE e-LEARNING FOUNDATION

Notes to the Financial Statements

For the year ended 30 June 2024

11) MOVEMENTS IN FUNDS

Restricted/
Unrestricted
Active Together Fund - Youth Sports
Restricted
DMU - Community Challenge Fund 2022
Restricted
D'Oyly Carte CT - Youth Music Project
Restricted
Duke of Edinburgh Scheme
Restricted
Garfield Weston 2024
Restricted
LCC - Holiday Activities & Food - Summer 23
Restricted
LCC - Holiday Activities & Food - Winter 23
Restricted
LCC - Holiday Activities & Food - Easter 24
Restricted
LCC - Holiday Activities & Food - Summer 24
Restricted
LCC UKSPF Digital Grant
Restricted
LCRF Reaching People - Urban Garden
Restricted
National Grid Community Matters
Restricted
Police & Crime Commissioner - Youth Led
Restricted
Social Action Grant
Restricted
TNLCF - Cost of living fund
Restricted
TNLCF - Million Hours Fund - Strand 2
Restricted
TNLCF - Million Hours Project
Restricted
TNLCF - Reaching Comms - B'Leys Ptrship
Restricted
TNLCF (DCMS) Social Investment Fund 2023
Restricted
TNLCF Awards For All - Coronation Project
Restricted
TNLCF Social Enterprise Support Fund
Restricted
Other funds
Unrestricted
Total Funds as per balance sheet		 At 1 July 2023
Incoming
Resources
Outgoing
Resources
At 30 June
2024
2,446
-
2,446
-
1,810
-
1,810
-
-
3,000
3,000
-
-
4,689
1,352
3,337
-
25,000
4,435
20,565
35,059
7,068
42,126
0
-
16,846
16,846
-
-
15,342
15,342
-
-
-
-
-
-
9,666
9,666
-
4,999
-
4,999
-
-
10,000
10,000
-
14,031
-
13,217
815
-
500
500
-
-
74,859
74,859
-
-
10,000
9,481
519
-
36,857
22,995
13,862
27,798
24,532
52,330
0
-
591,189
591,189
-
5,674
1,799
-
3,531
344
3,151
-
3,151
0
16,374
158,222
144,283
30,313
111,342
985,970
1,027,557
69,755

Page 12

THE COOKE e-LEARNING FOUNDATION

Notes to the Financial Statements For the year ended 30 June 2024

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

Garfield Weston Application

Community Digital Grant (UKSPF)

LCC Holiday Activities & Food - Summer 2023 LCC Holiday Activities & Food - Winter 2023 LCC Holiday Activities & Food - Easter 2024 LCC Holiday Activities & Food - Summer 2024 LRCF Reaching People - Urban Garden Project

Community Matters Fund (National Grid)

Police & Crime Commissioner - Youth-Led Intervention Project

StreetGames Social Action

TNLCF (DCMS) Social Investment Business Youth Investment Fund 2023

National Lottery Community Fund - Cost of Living Crisis

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.

To support E2’s core activities, targeting disadvantaged young people in Beaumont Leys with alternative education and community programmes.

For laptops, software, and equipment to enhance E2’s digital capabilities for remote service delivery and administrative efficiency. 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 deliver high-quality holiday activities and food. Enables us to employ a Project Manager to oversee the development of our Urban Garden.

The "Neighbour-to-Neighbour Energy Share" initiative, training Energy Ambassadors to combat fuel poverty through home visits and distribution of energy-saving kits.

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.

Youth-led social action projects designed to reduce inactivity and antisocial behaviour in disadvantaged communities, led by young people with support from E2.

(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.

Funding to sustain and expand E2’s essential services addressing food food insecurity, housing support, and financial advice amid the escalating cost of living in Beaumont Leys.

Page 13

THE COOKE e-LEARNING FOUNDATION

Notes to the Financial Statements

For the year ended 30 June 2024

12) DETAILS OF RESTRICTED FUNDS (cont.)

TNLCF Awards for All - Coronation Project Empowered us to host a community celebration for the King's Coronation and sustain ongoing youth activities. TNLCF Awards for All - Million Hours Project Instrumental in enabling us to offer vital youth outreach support and continuous youth activities. Million Hours Fund, Strand 2 To establish the GROW programme, engaging young people in Beaumont Leys through activities like dance, football, and cooking, along with Youth Ambassadors for peer-driven involvement. TNLCF Reaching Communities - Beaumont Leys With support from The National Lottery Community Fund, we've been Partnership 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. TNLCF Community Organisations Cost of Thanks to the Government and funding from the Community Living Fund 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 14