Charity registratlon number 1139517 Company registration number 07314767 (England and Wales) KOALA NORTH WEST LTD ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 KOALA Supporting children & their families • xeinadin
KOALA NORTH WEST LTD LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mrs S C Williams Mrs L Hough MBE Mr R W Keamey Dr F E White Mr P A Folwell Mrs C Owen (Appointed 5 October 2023) Secretary Mrs M Walsh Charlty number 1139517 Company number 07314767 Reglstered office Koala Hub Woodchurch Lane Birk8nh8ad Wirral Merseyside CH42 9PH Audltor Xeinadin Audit Limited 46 Hamilton Square Birkenhead Wlrral Merseyslde CH415AR
KOALA NORTH WEST LTD CONTENTS Page Trustees, report Statement of trustees. responsibilities 10 Independent auditor's report Statement of financial activities 14 Balance sheet 15 Statement of cash flows 16 Notes to the financial statements 17-32
KOALA NORTH WEST LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The trustees present their annual report and financial ststements for the year ended 31 March 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's memorandum and articles of association, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). (effective 1 January 2019). Objectives and activities Koala North West offers support, friendship and practical help to parents across Cheshire and Merseyside, with our main base and area for delivery being in Wirral. We provide a range of services for Early Years. Family Support and SEND, for families with children aged 0-11 years, to support them to meet one or more of the following 3 outcomes: Improved health and well-being (child and parentJ¢arer) Improved parenting (Confiden, positive behaviours) Improved School Readiness (parents engage with their children's early learning: and children are ready to separate, mmUnIcate, listen, socialise, learn, be active, and be independent) Our Mission: We exist to provide children and their families with tsilored practical and emotional support that improves wellbeing. reduces isolation and supports bolh chlldren and careglvers to thrlve. We Value: Ambition - We want our families to thrive. we believe in offering opportunities that help children and families realise their own ambitions and succeed. Tailoring Support- All families are different. Every family receiv8S SUPPOrt designed to be most beneficial to them. Nurturing Positive Well-being W8 ar8 committed to improving the emotional. mental and physical well-being of children and their car1VerS. Reducing Isolation - In an increasingly digital age, we want to be sure that our families still f881 part of a strong welcoming community who support one another and ensure they are all happy, resilient and thriving.
KOALA NORTH WEST LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 We have developed our servi$ over the past 24 years to meet Ihe needs of our community. Family Support Home visiting support Sleep Support Eariy Years Promotion of importance of first 1001 Days and services available for families Breastteeding Peer Support - through groups, home visits and telephone support - to help mums to initiate and breastFeed for as k)ng as possiblelthey want to. Bump, Baby & Beyond - our Parent Infant Mental Health Service home visits and groups - for women with mild to moderate mental health difficulties during the perinatal period. 0-2 Neonatal service Baby Incredible Years Parenting Course Dad's Reflective Parenting Programme Video Interaction Guidance video feedback intervention to enhance sensitivity in parents of children who are at risk of poor attachment outcomes due to a range of difficulties Early Learning home visiting support Little Lungs Baby & Me Full Circle, intergenerational groups Tiny Teeth SEND Seniice Groups for chlldren with complex needs - or children with physical disabilities & for children with social communication difficulties Empower Us - Outreach home visiting support for children with complex needs and their families Sleep Support Service for children who are neurodiverse Autism Incredible Years Parenting Programme Neurodiverse Drop-ins Community Hub bringing members of the Wirral Community together for lunch and activities Early Help Co-ordination and VCF Network facilitation We also have 2 charity shops Public benefit The twstees have paid due regard to guidan issued by the Charity Commission in deciding what activities the charity should undertake. Strategic report The description under the headings "Achievements and performance. and 'Financial revie meet the company law requirements for the trustees to present a strategic report.
KOALA NORTH WEST LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Achievements and performance Significant activities and achievements against objectives Charitable activities Staff, trustees. and our dedicated volunteers work tO9ether to ensure that we provida a quality service to families across Cheshire & Merseyside, providing help and support for families to improve wellbeing. reduce isolation and support both children and caregivers to thrive. We successfully delivered against every area of our strategy.. Supporting our People Sustaining our Impact Extending our Reach Diversifying our Income Beeen April 2023 and March 2024 we support8d 2,557 families. Of those supported: 1,261 were supported to breastfeèd, an increase of 130/0 families on the previous year 64t>/o breastfed for more than 6 weeks 1,296 received Family Support, an increase of 220/9 families on the previous year Feedback from families at 8nd of support.. 93)/o of parents reported improvement in health and wellbeing (paranuchild) 929/0 reported an improvement in parenting skills {confidencelbudgetinglhome conditions) 92°/0 reported improved school readiness (parents engagement with their children's early learning, and children are ready to separate. communicate, listen. learn, socialise. be active, and be independent) Volunteers Volunteers are at the very heart of our service delivery with 66 new volunteers joining us over the year. We had 189 active volunteers over the past 12 months. We saw an 86¥/0 retention rate, and of those who have left 270/0 went on to paid employment. Family Support Volunteers provided tailor-made, emotional and practical support to families in their own homes. Group Volunteers supported our Group Staff in our groups for children with complex needs. and Full Circle. Breastfeeding Peer Support Volunteers provided breastfeeding support, offering information and support around breastfeeding. None of which would be possible without our Charity Shop Volunteers who help raise much needed funds for our organisation.
KOALA NORTH WEST LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Review of funding The trustees recognise these are difficult economic times and are not at all complant about the challenges ahead. We recognise the importance of having a more diverse range of funding streams, and we are pleased to say that for 2023124 we secured funding from.. Grantsrrru5ts Beyond Transfomiation Fund Brabners Foundation Grant Cheshire and Wirral Partnership NHS Foundation Trust Cheshire Community Foundation Cheshire & Merseyside Integrated Care Board Cheshire West & Chester Early Help & InteentiOn Grant Cheshire West Voluntary Action Children in Need Cradle to Career Collaboration Fund Cre8ing Community Eric Wright Charitable Trust John Moores Foundation Magenta Living Mariory Boddy Charitable Trust Mersey Care NHS Foundation Trust SJP Charitable Foundation Steve Morgan Foundation The National Lottery Community Fund - RC North West Region Twsthouse Charitable Foundation Westminster Foundation Wirral Community NHS Foundation Trust Wirral Council
KOALA NORTH WEST LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Donors Amy Fowler Anna Kasha Beacon Café Charlotte Owen Cheshire Freemasons Dave Caswell Debbie Anderson Dermot Ferguson Diane Hastie Emma Lansdell Heather Folwell Heswall Wl Gardening Group In memory of Mr Gordon Alfred Chalton Gary Penketh Janet Johnson John Bateman Josephine Dunk Upton Hall Sixth Form Head Girls Team 2022-23 Laurie Hough Leverhulme Masonic Lodge Lindsey Doran Liz White Lorraine Singleton MGAdams Famlly McArthur Glen Cheshire Oaks Maggie Watson & Friends Michelle Winter Neston Village Fair Nicola Finlay Pat Carter Paul Massey Pensby Recreational Centre & Bowling Club Peter Folwell Polly McGregor Rachel Blackwood Rachel Summers Ron Kearney Rotary Club of Mid Wirral Seb Atherton Sue Williams Sydney Mercer Teresa Miller The Castle Singers Terry Sanderson Tracy Flynn
KOALA NORTH WEST LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Financial revlew The total income for 2024 was £1,317,423. whith shows a de¢rease ¢ompared to the 2023 total income of £1,712,668. This reduction in income is particularly noticeable in the unrestricted funds, which decreased from £573,955 in 2023 to £216,770 in 2024. This yearfs decline was due to a major Contract ending, which was renewed under new terms and is now recorded under restricted funds. Restricted income also saw a slight decline from £1.138,713 in 2023 to £1.100,653 in 2024, whid) consisted entirety of donations & grants. Total expenditure for 2024 increased to £1,564,277 compared to £1,343,517 in 2023. This increase is primarily due to higher spending on restricted funds, which rose significantly from £908,308 in 2023 to £1,364,345 in 2024. Unrestricted expenditure saw a decrease from £435.209 in 2023 to £199,932 in 2024. As noted above, one of the major projects is now expensed within the restricted funds. In 2024, we had a deficit of £246,854, Compared to a surplus of £369.151 in 2023. The main reason for the deficit is that we received a lot of income in 2023, but the related projects and spending actually occurred in 2024. This timing difference. where the income came in one year and the spending happened the next. led to higher costs in 2024, which were covered by the surplus received in 2023. The Charity reserves are detai18d in notes 22-23 in the financial statements R8S81V8s policy The Charity aims to provide an on-going support service to families it supports. Unrestricted reserves are needed: To provide continuity of service should there be an unanticipat8d shortfall of income To cover unanticipated increases in the costs of providing the service To cover the costs of providing cover for staff who take sick or maternity leave To cover the costs of downsizing or closure should the trustees be unable to obtain necessary funding Budgeted core expenditure for the Charity for 2024-25 is £1.358.433. INhilst the unrestricted reserves currently stand at £490,937, £108,008 is represented by the freehold property, £15,057 by fixtures and fittings. £21,257 by computers; these funds can only be realised upon the sale of these assets. £215,877 has also been designated, leaving £130,738 Current funds are in line with the reserves policy which has been approved by tnjstees. The twstees consider that a minimum of six months Core running costs to ensure continuity of service, or individual project redundancy costs, whichever is greater, are needed in reserves this would be in the region of £140,000. This would also cover a delay in obtaining funding for any particular year. The trustees and management recognise the need to build up reserves to provide greater securty for the Charity and its stakeholders and continue to seek ways in which additional funds can be raised and are keeping the reseNes policy and its implementation under regular review. Trustees appreciate the efforts of staff to reduce costs and continue to make economies wherever possible without reducing the quality of our service.
KOALA NORTH WEST LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Major risks Rlsk management The trustees have a duty to identify and review the risks to which the Charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance to manage those risks. These risks have been documented by the twstees and are reviewed on an annual basis or more frequently should circumstances change. The trustees re¢ognise that the major risk to providing servi¢es is the uncertainty of long temi funding from statutory bodies. However, we work hard to deliver high quality services and to maintain our good reputation with thè families we support and with colleagues in the statutory and voluntary sectors. The Charity has also proved our willingness to adapt in response to changes in expectations of those commissioning services, whilst remaining true to our core values. The Charity maintains a comprehensive range of policies and procedures for minimising financial and other risks and the trustees monitor these on a regular basis. Trustees are aware of the potential costs of redundancy if sufficient fvnding to maintain the current levels of activity is not obtained and are continuing to work to increase the level of the Charity's reserves. Other risks both physical and relating to professional indemnity are regularly revi8W8d and minimised by our policies and the training given to staff and volunteers. We are cover8d by our insurance policy. All staff and volunteers working with families have current DBS Enhanced Disclosures. Plans for future perlods Future plans We will continue to be open to new opportunities across Cheshire and Merseyside that will enable us to support more families. Structure. govemance and management Koala North West is a company limited by guarantee, as defin8d by the Companies Act 2006, and a registered charity and is govemed by its Memorandum and Articles of Association dated 14 July 2010. The trustees, who are also the directors for the purpose of company law, and who seNed during the year and up to the date of signature of the financial statements were: Mrs N Barnett (Resigned 5 October 2023) Mrs S C Williams Mrs L Hough MBE Mr J Jones Mr R W Kearney Dr F E White Mr P A Folwell Mr R P Wilcox Mrs R Summers Mrs C ow@n (Resigned 5 December 2023) (Resigned 17April 2023) (Resigned 26 May 2023) (Appointed 5 October 2023)
KOALA NORTH WEST LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Recmitment and appointment of trustees We recognise that an effective Board of Trustees is imp8rativ8 to ensure that the charty is to Su$$fullY achieve its objectives. The Board must seek trustees who represent the interests of the community in Cheshire & Merseyside and have available the knowledge and skills required to run the charity. Individual trustees must have sufficient knowledge of the role of a Charity trustee and of our organisational objectives and activities to enable them to fuffil their role. We aim to maintain a Board of Trustees delivering high standards of practice. through a carefully planned recruitment and selection procedure, in line with the Equality, Fairness and Diversity Policy. The recruitrnent and selection procedure has been developed to include safeguards for Ihe welfare of children. We aim to represent the community we serve, and therefore we aim to ensure trustees are recruited from as diverse backgrounds as possible. A diverse group of volunteers can broaden the range of opinions and ideas. They bring knowledge of the cultures and Circumstances of the population groups they come from, so that our organisation will have a better understanding of those groups, and be better able to relate to them. Furthermore, they enrich the organisation with their perspectives and the variety of their experiences and backgrounds. A diverse group of volunteers also makes possible heightened cultural sensitivity within the organisation, and allows for th8 kinds of interchanges that make it possible for people with very different backgrounds to understand, respect, and cherish one another's differences as well as their similarities. We shall have at least five and nol more than twelve individuals on the Board of Trustees. In addition advisers may also be appointed to the Board for the benefit of specialist expertise such as Safeguarding, but shall have no voting rights. The temi of office shall be three years before trustees must retire at an AGM. Retiring trustees may offer themselves for re-election at an AGM. When a need is identified to Co-opt a trustee onto the Board during Ihe year, that Trustee must retlre and be offered for election by the members at the next AGM. There is a Board of Trustees induction pack in place which sets out th8 procedure to be followed when inducting new trustees. Organisational struGtu Membership of the Charity is open to any individual or organisation interested in promoting the objects of who consents in writing to become a member and is approved by the Management Committee. The trustees delegate the responsibility of approving new members to the Chair and CEO with any issues being brought to the board. The trustees, when complete. consist of al least five and not more than twelve individuals. The trustees may at any time co-opt a person duly qualified to be appointed as trustee to fill a vacancy in their number or as an additional trustee, but a COwOPted twstee holds office only until Ihe next AGM. One third (or the number nearesl one Ihird) of trustees must retire at each AGM. those longest in office retiring first and the choice between any of equal service being made by drawing lots. A trustee retiring at AGM is eliglble for re-election but if not re-elected must retire upon conclusion of the mèèting. The trustees will elect their own offir$. The Charity is managed by lh8 Management Committee which consists of the trustees and me8ts at least four times a year. The truste8s set the policies to be followed and review the performance of the stsff. they also set the terms and remuneration of staff. Th8 Chief Executive Officer (CEO) is responsible for the op8rational and day-to-day running of the organisation with the staff support. The Management Committee is supported by an Intemal Audit and Risk Committee that m88ts as requir8d in a risk basis: this Comprises a maximum of three trustees and the CEO. Other specialist SucoMmItteeS of Trustees and senior staff are set up and m88t as required. The Charity will obtain advice from the Charity Commission periodically on matters of current importance.
KOALA NORTH WEST LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Remuneration policy Key management remuneration When determining the salaries for Key Personnel, trustees are mindful of their responsibilty to act in the best interests of the charity and the charitable objectives. Our overall goal for Key Personnel is to offer fair pay to attract and keep appropriately qualified staff to lead. manage and deliver the charity's aims. These arrangements Currently Cover the Chief Executive Officer. the Deputy Chief Executive OffIr and the Finance Officer. In detemiining the remuneration package for each post the trustees take the following matters into consideration The purposes, aims and values of the Charity and its beneficiaries, needs. How this impacts on overall pay policy for all employees. The types of skills, expariences and competencies that the charity needs from its senior staff, the specific scope of these roles and the link to pay. The charity's current business plan and how the implementation of this plan may affect the number of senior staff the charity needs to employ or recruit and the nature of these roles. The charity's ability to pay - this includes the cost to the charity of raising pay, and whether it is sustsinable, and how appropriate the level of pay, and any pay increase. is in the context of the charity. as measured against the needs of its charitable purposes and beneficiaries. Their assessment of the charity's performanc8 and the senior staff s p8rformanc8 against 8XP8Ctations. in the both short and long term. Appropriate available information on pay policies and practices in other organisations that Can infomi the decision on whether a level of pay is fair and reasonable. The charity's track record in attracting and retaining committed and motiiiated employees. The likely impact on, and views of. benefi'ciaries, donors, funders, volunteers and potential volunteers. The relationship beeen the policy and practice for the pay of senior staff and that of the charity's whole workforce. Key Personnel cannot be paid more than the top of their agreed pay range without full Board approval. Auditor In accordance with the company's articles, a resolution proposing that Xeinadin Audit Limited be reappointed as auditor of Ihe company will be put at a General Meeting. Disclosure of informatlon to auditor Each of the trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information. The trustees. report, including the strategic report. was approved by the Board of Trustees. Mr R W Kearney Trustee Date:..Yl.: io.:.2h....................
KOALA NORTH WEST LTD STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2024 The tTUStees, who are also the directors of Koala North West Ltd for the purpose of company law. are resF)onsible for preparing the Trustees. Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (Uniled Kingdom Generally Accepted Accounting Practice). Company 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 incoming resources and application of resources. including the income and expenditure. of the charitable company for that year. In preparing these financial statements. the trustees are required to: select suitable accounting policies and then apply them ¢onsistentty: obseNe the methods and principles in the Charities SORP: make judgements and estimates that are reasonable and prudent: state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements. and prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping adequate a¢¢ounting records that disclose with reasonable accuracy at any time the financial position of the Charity and enable them to 8nsur8 that the financial ststements comply wlth the Companies Act 2008. 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. 10-
KOALA NORTH WEST LTD INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF KOALA NORTH WEST LTD Opinion We have audited the financial statements of Koala North West Ltd (the 'charity') for the year ended 31 March 2024 which comprise the statement of financial activities, the balance sheet. the statement of cash flows and notes to the financial stalements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards. including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion. the financial statements= give a true and fair view of the state of the charitable company's affairs as at 31 March 2024 and of its incoming resources and application of resources, including its income and expenditure, fr)r the year then have been properly prepare(l in accordance with United Kingdom Generally Accepted Accounting Practice,. and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicabl8 law. Our responsibilities under those standards are further described in the Auditorfs responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are re18vant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard. and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going Concern In auditing the financial statements, we have concluded that the trustees. use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to ¢ontinue as a going con¢em for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. Other inforniatlon The other information comprises the information included in the annual report other than the financial statements and our auditorfs report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any fomi of assurance conclusion thereon. Our responsibilty is to read the other information and, in doing so, consider whether the other information is materially inconsistent wilh the financial statements or our knowledge obtained in the course of the audit. or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If. based on the work we have perfomied, we conclude that there is a material misstatement of this other information. we are required to report that fact. We have nothing to report in this regard. Opinions on other matters prescrlbed by the Companies Act 2006 In our opinion. based on the work undertaken in the course of our audit: the information given in the trustees. report for the financial year for which the financial ststements are ppared, which includes the dire¢tors' report and the strategic report prepared for the purposes of company law. is consistent with the financial statements- and the strategic report and the directors. report Included within the trustees, report have been prepared in accordance with applicable legal requirements. 11
KOALA NORTH WEST LTD INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF KOALA NORTH WEST LTD Matters on whlch we are raquirod to r•port by exception In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors, report included within the trustees, report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 r8quires us to report to you if, in our opinion: adequate accounting records have nol been kept. or returns adequate for our audit have not been received from branches not visited by us. or the financial ststements are not in agreement with the accounting records and returns., or certain disclosures of trustees, remuneration sp8cified by law are not made. or we have not received all the information and explanations we require for our audit. Responsibilities of trustoos As explained more fully in the statement of trustees, responsibilities, the trustees, who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial ststem8nts and for being satisfied that they give a true and fair view, and for such intemal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements. the trustees are responsible for assessing the charity's ability to continue as a going Concern, disclosing, as applicable, matlers lated to going concern and using the going concem basis of a¢counting unless the trustees either intend lo liquidate the charitable company or to ¢ease operations. or have no realistic alternative bul to do so. Auditorfs responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statemants as a whole are free from material misstatement, whether due to fraud or error. and to issue an audito¢s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misststements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below. Extent to which the audit was considered capable of delecting irregularities. including fraud Our approach to identifying and assessing the risks of material misstatement in respect of irregularities. induding fraud and non-compliance with laws and regulations, was as follows: the engagement partner ensured that the engagement team collectively had the appropriate competence, ¢apabillties and skills to identify or recognise non-compliance with applicable laws and regulations- we identified the laws and regulations applicable to the charity through discussions with trustees and olher management, and from our knowledge and experience of charity sector: we focused on specific laws and regulations which w8 considered may have a direct material effect on the financial statements or the operations of the charity, including the Companies Act 2006, Charities Act 2011, data protection, anti-brib8ry, and 8mploym8nt18gislation' and we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management team and insp8Cting legal correspondence. and identified laws and regulations were Communicated within the audit team regularly and the team remained alert to instances of non- compliance throughout the audit. We assessed the susceptibility of th8 charivs financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by: making enquiries of management team as to where they considered there was susceptibility to fraud. their knowledge of actual, suspected and alleged fraud: and considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations. 12-
KOALA NORTH WEST LTD INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF KOALA NORTH WEST LTD To address the risk of fraud through management bias and override of controls. we: performed analyiical procedures to identfy any unusual or unexpected relationships: tested joumal entries to identify unusual transactions. assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and investigated the rationale behind significant or unusual transactions. In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to: agreeing financial statement disclosures to underlying supporting documentation: and enquiring of management as to actual and potential litigation and claims. and reviewing correspondence with relevant regulators. There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence. if any. Material misststements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion. A further description of our responsibilities is available on the Financial Reporting Council's website at: htlps:11 www.frc.org.ukJauditorsresponsibilities. This description forms part of our auditorfs report. Uso of our report This report is made solely to the charitsble companls members, as a body, in a¢Gordan¢e with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable companWs members those matters we are required to state to them in an auditorfs report and for no other purpose. To the fullest extent pemitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed. Helen Furlong FCCA (Senior Statutory Auditor) for and on behalf of Xelnadln Audlt Llmlted Chartered A¢¢ountants ststutory Auditor 46 Hamilton Square Birkenhead Wirral Merseyside CH415AR 13-
KOALA NORTH WEST LTD STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unr•stri¢tod Restrictod funds funds 2024 2024 Total Unrestrlcted Restricted funds funds 2023 2023 Totsl 2024 2023 Notes Income and endowments from: Donations and legacies Charitable activities Other trading activities Investments Other income 41.802 150 41,952 1.100.503 1.100.503 161.088 11,500 2,400 93.416 311,601 152,084 2,914 13.940 93.416 1.138.713 1.450.314 152,084 2,914 13,940 161.068 11.500 2,400 Total income 216,770 1,100,653 1,317,423 573.955 1.138.713 1.712,668 Expenditure on: Raising funds Charitable activities Other expenditure 157.224 41,871 837 157.224 1,364,345 1,406.216 837 127.929 306.800 480 127,929 908.308 1.215.108 480 14 Total expenditure 199,932 1.364.345 1.564.277 435,209 908,308 1,343,517 Not Incom•lloxpenditure) 16,838 {263.692} (246,854} 138,746 230,405 369,151 Transfers between funds (59,752) 59,752 4,077 (4,077) Net movement in funds 11 (42.914) {203,940} (246,854) 142.823 226.328 369,151 Recon¢lllation of funds: Fund balances at 1 April 2023 533,851 474.941 1.008,792 391,028 248,613 639.641 Fund balances at 31 March 2024 490,937 271,001 761.938 533,851 474,941 1.008.792 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from Continuing activities. 14-
KOALA NORTH WEST LTD BALANCE SHEET ASAT 31 MARCH 2024 2024 2023 Notes Flxed assets Tangible assets Investments 16 17 144.322 340,528 137.432 484,850 137,432 Current asset$ Debtors Cash at bank and in hand 18 6,036 565,743 81,330 978,000 571,779 1,059.330 Creditors: amounts falling due within one year 19 (294,691) (187,970) Net current assets 277.088 871,360 Totsl assets less current Ilabllltles 761.938 1,008.792 Net assets excluding pension liability 761.938 1.008.792 The funds of the charlty R8Stricted income funds Unrestricted funds 22 271,001 490,937 474.941 533.851 761.938 1.008,792 The financial statements were approved by the trustees on . 11: !Q..:.14 Mr R W Kearney Trustee Company registration number 07314767 {England and Wales) 15-
KOALA NORTH WEST LTD STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Notes Cash flows from operating activities Cash (absorbed by)Igenerated from operations 26 (64.735) 459.337 Investing activities Purchase of tangible fixed assets Purchase of investments Investment income received {18.494) (340,528) 11,500 (6,197) 2,914 Net cash used in investing activities {347,522) (3,283) Net cash usad in financlng actlvftles Net (decrease)lincrease in cash and cash equivalents (412.257) 456,054 Cash and cash equivalents at beginning of year 978.000 521,946 Cash and cash equivalents at end of year 565,743 978,000 16-
KOALA NORTH WEST LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng policies Charlty infomiation Koala North West Ltd is a private company limited by guarantee incorporated in England and Wales. The registered office is Koala Hub, Woodchurch Lane, Birkenhead. Wirral, Merseyside. CH42 9PH. 1.1 Accounting convention The financial statements have been prepared in accordance with the charity's Memorandum and Articles of Association, the Companies Act 2006. FRS 102 °The Financial Reporting Standard applicable in the UK and Republic of Ireland" {"FRS 102") and the Charities SORP 'A¢counting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021. (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. 1.2 Golng concern At the time of approving the financial statements, the trustees have a reasonable expectation that the charty has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concem basis of accounling in preparing the financial statements. 1.3 Charltable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Restricted funds are subject to specifi¢ Conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. Endowmgnt funds are subject to specific conditions by donors that the capital must be maintained by the charity. 1.4 Income Income is recognis&d when the charity is legally entitled to it after any performance condltlons have been met. the amounts Can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation. unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwise if the tharity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known. the legacy is treated as a contingent asset. Gifts donated for resale are included as in¢ome when they are sold. Donated professional services and donated facilities are recognis8d as income when th8 charity has control over the item. any Gonditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be reliably measured. In accordance with the Charity SORP IFRS102). the valu8 of volunteers, time is not measured. 17-
KOALA NORTH WEST LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 A¢¢ounting policies (Continued) Income from Charitable activities includes income received under contract or where entitlement to the grant funding is subject to performance conditions. Income is recognised in Ihe Statement of Financial Activilies when the related services have been provided. income in advance of those seN]S being provided is deferred. Income from trading activities. includes income from fundraising events and trading activities to raise funds for the charty. InGome is recognised when eamed and the charity is entitled to the receipt. 1.5 Expendituro Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third paty, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of 8ach activty ar8 made up of the total of direct costs and shared costs, including support costs invofved in undertaking each activity. Direct costs attributable to a single activity are allocat8d directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activiti8s on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on th8 Portion of th8 asset's use. 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation. net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Freehold land and buildings Fixtures and fittings Computers Motor vehicles 20/0 on cost 109/0 on Cost 2510 on Cost The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset. and is recognised in the statement of financial activities. 1.7 Flxed asset Investments Fixed asset investments are initially measured at transaction price excluding transaction costs. and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net incomel(expenditure) for the year. Transaction o)sts are expensed as incurred. 1.8 Impairment of fixed assets At each reporting end date, the charity reviews the carrying amounts of its tangible assets to detem)ine whether there is any indication that thos8 assets have suffered an Impalm)ent loss. If any such indlcation exists, the recoverable amount of the asset is estimated in order to detemiine th8 extent of the impairment loss (rf any). 1.9 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, olher short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 18-
KOALA NORTH WEST LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (Contlnued) 1.10 Financial instruments The charity has elected to apply the provisions of Sectlon 11 'Basic Financial Instruments. and Section 12 'Other Financial Instruments Issu8s' of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to th8 contractual provisions of the inslrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipls discounted at a market rate of interest. Financial assets classified as reGeivable within one year are not amortised. Basic financlal Ilabilities Basi¢ financial liabilities, including Creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or seNices that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilitie5 if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Derecognition of financial liabilities Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled. 1.11 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognis8d immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide temiination benefits. 1.12 Retirement beneflts Payments to defined ¢ontribution retirement ben8fit schemes are charged as an expense as they fall due. 19-
KOALA NORTH WEST LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Critical a¢¢ountlng estimates and judgements In the application of th8 charity's accounting policies, the trustees are required to make judgements. 8Stimates and assumptions about the carying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. Income from donations and legacies Unrestri¢ted Restricted funds funds 2024 2024 Totsl Unrestrl¢tsd Rastricted funds funds 2023 2023 Total 2024 2023 Donations and gifts Grants receivable for core activities 16.802 150 16,952 37,534 37,534 25,000 25,000 55,882 55,882 41,802 150 41,952 93,416 93.416 Grants receivable for core activities Trusthouse Foundation 25,000 CDC Seed Fund Magenta Living Other 25.000 25,000 20,000 2,000 8,882 25,000 20.000 2,000 8,882 25,000 25,000 55,882 55.882 Income from charftable actlvltles Unrestricted Restricted funds funds 2024 2024 Total Unrestri¢ted Restrlctsd funds funds 2023 2023 Total 2024 2023 Family servlces Wirral Community Health and Care NHS Foundation Trust Performance related contracts and grants Group Subscriptions 31,850 31,850 76,436 76.436 1.068,653 1,068.653 233,984 1,138.713 1,372,697 1.181 1,181 1,100,503 1,100,503 311,601 1,138,713 1,450.314 -20-
KOALA NORTH WEST LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Income from charitable activities (Continued) Perfomiance related contracts and grants analysis Family services 2024 Famlly servlce$ 2023 Awards forAII Community Fund Beyond Transfom7ation Fund C2C Collaboration Fund Cheshire & Merseyside ICB Cheshire and Wirral Partnership NHS FT Cheshits Community Foundation Cheshire West & Chester Earty Help & Intervention Grant Cheshire West VA Chester Bluecoat Cha17ty ChildTrn in Need Crea8ing Community Dept of H&SC, Starting W911 Elizabeth Rathbone Erl¢ Wright Charitable Foundatlon Family Fund Foundations Years Tmst Gaffield Weston Foundation Health Education Engl8nd John Moores Foundation Magenta Living Legacy Fund Maryory Boddy Charitable Trust Merseycare NHS Foundation Trust Miscellenous grants National Lottery Community Fund/RC North West Region National Lottery Reaching Communities SJP Charitabla Foundation Tesco The Steve Morgan Foundation The Steve Morgan Foundation Award Westminster Foundation Wirral Counal contracts and granls 9.962 167.937 11.023 89.667 60,244 2,228 71,947 30,510 170.274 20,075 5,000 5,000 8,600 10,000 40,280 10,000 34.500 152.000 2,000 20,000 3,414 24,850 20.000 1,020 28.400 41,472 6,071 10,000 70,000 50,000 2, 500 95, 664 20.000 132,165 53.873 2,500 60,414 62,494 12,000 131,000 345,932 46,667 358,669 1,068,653 1,372.697 21
KOALA NORTH WEST LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Income from other trading activities Unrestricted Unrestricted funds funds 2024 2023 Fundraising events Shop income 7,875 153.193 2.899 149,185 Other trading activities 161,068 152,084 Income from Investments Unrostrictsd Unrestricted funds funds 2024 2023 Interest receivable 11.500 2.914 Other income Unrestricted Unrestricted funds funds 2024 2023 Other income Room hire 8,275 5,665 2,400 2.400 13,940
KOALA NORTH WEST LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Expenditure on raising funds Unrestri¢ted Unrestricted funds funds 2024 2023 Fundraislng and publl¢lty Seeking donations. grants and legacies 50 Trading costs Operating charity shops Staff costs Support costs 45,107 103,846 8,271 37.105 86,368 4,406 157.224 127.879 Total costs 157.224 127,929 Expenditure on charitable activities Family serviGe5 Family services 2023 2024 Direct costs Staff costs Depreciation and impairment Staff and volunteer Expenses General running costs Advertising & promotion Premises costs Training Family fund Group costs 975.160 10.767 59,095 79.453 4,449 63,880 19,121 54,481 13,613 816.535 9.419 34,879 70.120 5,320 60,205 18,908 53,165 20,693 1.280,019 1.089.244 Share of support and governance costs (see note 10) Support Governance 117,897 8.300 118.964 6.900 1,406,216 1.215.108 Analysis by fund Unrestricted funds Restricted funds 41,871 1,364,345 306.800 908,308 1,406,216 1.215,108 -23-
KOALA NORTH WEST LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 10 Support costs allocated to activities Fundraising Family seNl¢es 2024 Total Total 2024 2024 2023 Staff costs Professional fees and consultants Bank fee Governance 7,369 902 98,345 19,440 112 8,300 105,714 20.342 112 8.300 105,920 16,450 7,900 8,271 126,197 134,468 130,270 11 Net movement in funds 2024 2023 The net movement in funds is stated after chargingl{crediting): Fees payable for the audit of the charity's financial statements Depreciation of owned tangible fixed assets Loss on disposal of tangible fixed assets 5.750 10.767 837 5.600 9,419 480 12 Trustees None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year. Trustees claimed £1,162 in travel expenses (2023: £Nil ) 13 Employees The average monthly number of employees during the year was.. 2024 Number 2023 Number Family Support Staff Early Years Staff Trading Staff Management and Administrative Stsff 20 15 18 17 14 11 Total 55 53 -24-
KOALA NORTH WEST LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 13 Employees (Continued) Employment costs 2024 2023 Wages and salaries Social security costs Other pension costs 1,067.486 75,829 41,405 910.380 64,258 34,185 1,184,720 1,008,823 The number of employees whose annual remuneration was more than £60,000 is as follows.. 2024 Number 2023 Number £60.001 to £70.000 Remuneratlon of key management personnel The remuneration of key management personnel was as follows: 2024 2023 Aggregate compensation 157.381 98.336 The management personnel of the charity comprise the trustees, the Chief Executive OffiGer. the Deputy Chief Executive Officer and Finance Officer. 14 Othor expendlture Unrestricted Unrastricted funds funds 2024 2023 Net bss on disposal of tangible fixed assets 837 480 15 Taxatlon The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. -25-
KOALA NORTH WEST LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 16 Tangible fixed assets Freohold land Flxtyras and and bulldlngs flttlngs Computers Motor vehlcles Total Cost At 1 April 2023 Additions Disposals 129.008 33,390 3,560 {100} 21.052 14,934 (2,218) 1.500 184,950 18,494 {2.318) At 31 March 2024 129,008 36,850 33,768 1.500 201.126 Depreciation and Impaimient At 1 April 2023 Depreciation charged in the year Eliminated in respect of disposals 19,000 2,1)00 19,040 2,853 (100) 7,978 5,914 (1,381) 1,500 47,518 10.767 (1.481) At 31 March 2024 21.000 21,793 12.511 1.500 56.804 Carrying amount At 31 March 2024 108,008 15.057 21,257 144,322 At 31 March 2023 110,008 14,350 13,074 137,432 17 Fixed asset investments Flagston8 Deposit A¢¢ount Cost or valuation At 1 April 2023 Additions 340,528 At 31 March 2024 340,528 Carrylng amount At 31 March 2024 340.528 At 31 March 2023 -26-
KOALA NORTH WEST LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 18 Debtors 2024 2023 Amounts falling due within one year: Trade debtors Other debtors Prepayments and accrued income 77,013 1,299 3.018 1.574 4.462 6,036 81.330 19 Creditors: amounts falling due within one year 2024 2023 Notes Deferred income Trade creditors Other creditors Accruals and d8ferr8d income 20 260,240 8.801 9,456 16,194 77,012 88,243 11,073 11.642 294,691 187.970 20 Deferred income 2024 2023 Other deferred income 260.240 77,012 Deferred income is included in the financial statements as follows- 2024 2023 Deferred Income is indud8d within: Current liabilities 260,240 77,012 Movements in the y8ar: Deferred income at 1 April 2023 Released from previous periods Resources deferred in the year 77,012 (77,012) 260,240 77,012 Deferred income at 31 March 2024 260,240 77,012 21 Retlrament benefit schem•s 2024 2023 Deflned contribution schemes Charge to profit or loss in respect of defined contribution schemes 41,405 34.185 -27-
KOALA NORTH WEST LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 21 Retirement benefit schemes (Continued) The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independentiy administered fund. -28-
KOALA NORTH WEST LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 22 Restrlcted funds The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to speGifiG Gonditions by donors as to how they may be used. At 1 April 2023 Incoming resources Resources expended Transfers At 31 March 2024 Beyond Transfomiation Funding Cheshire & Merseyside Integrated Care Board Cheshire Community Foundation Cheshire West & Chester Council Cheshire West Household Fund Cheshire Wirral Partnership NHS Foundation Trust Chester Bluecoats Charity Children in Need Cradle to Career SEND Partnership Crea8ting Communities Elizabeth Rathbone Ellesmere Port & Neston Small Funders Eric Wright Family Fund Garfield Weston Foundation John Mi)ores Foundation Magenta Living Legacy Fund Mariory Boddy Charitable Trust Mersey Care NHS Foundation Trust Misc Reserves The Foundation Years Trust The National Lottery Community Fund -RC North West Region The Steve Morgan Foundation Weslminster Foundation Weslminster Foundation Adivity Fund Wirral Council Contracts and Grants 97.356 71.947 (151.646) (3.162) 14,495 22,041 170.274 (178,335) {2,400) 11.580 5,000 5,000 5,000 8,600 {5,026) {8,600) 26 56,929 1,932 16,698 20.075 (76.584) (1,932) (26,698) {420) 10,000 4,187 30.510 34.500 2,000 (11.592) (34,500) (2.000) 23,105 3,013 3.013 4.252 5,997 9,119 20.000 3,414 20,000 6,071 10.000 10.000 (15,048) (2,358) (10,881) (6.071) (3,752) {3.967) (700) 1,331 3,610 700 6.948 10.000 3.967 50,000 5,150 24,850 (40,172) (3,288) (24.850) (1.600) 8.228 5.045 3.183 74,095 25,547 95,361 95.664 60.413 41,667 (140,431) (69.990) (102,852> 29,328 15,970 34,176 13,972 5.000 (18.972) 53.050 390,517 (424,800) 65,977 84.744 474,941 1,100,653 (1,364,345) 59,752 271,001 -29-
KOALA NORTH WEST LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 22 Restricted funds (Continued) Previous year: At 1 Aprfl 2022 In¢omlng resources Resources expended Transfers At 31 March 2023 Beyond Transfomiation Big Lottery Reaching Communities Partnership Grant C2C Collaboration Fund Cheshire & Merseyside Integrated Care Board Cheshire Community Foundation Cheshire West Household Fund Cheshire Wirral Partnership NHS Foundation Trust Chest8r Bluecoats Charity Children in Ne8d CVA Improving Outcomes Dept H&SC (Starting Well) Ellesmere Port & neston Small Funders Misc Reserves Family Fund Foundation Years Trust Health Education England John Lewis Marjory Boddy Charitable Trust National Lottery Community Fund Tes¢0 The Steve Morgan Foundation Westminst8r Activity Fund Westminster Foundation Wirral Council Grants 167,937 {68,924) (1.657) 97,356 29,382 53.873 11,023 {83,255) (6,019) {817} 4,187 2,242 89,667 (69,291) {576) 22,041 2.228 9.000 {2,228) {9,000) 60,244 10,000 40,279 (2,835) {8,068) (48,310) (14,837) (152,000) {480) 56,929 1,932 16,698 24,729 14,837 152.000 4,346 57,983 4,172 {1,333) {54,800) {1,582) (28,400) <41,472) (644) (16,033) 3,013 3,183 3,610 1,019 28,400 41,472 644 20,000 3,967 52,224 142,127 1,01)0 74,494 25,OIXI 106,000 102,950 (120,257) (1,000) (70,254) (11,028) (10,639) (86,099) 74,095 22.459 (1.152) 25,547 13.972 95.361 53.050 35,595 605 248,613 1.138,713 (908,308) (4,077) 474,941 -30-
KOALA NORTH WEST LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 23 Unrestricted funds The unr8Stricted funds of the charity comprise the unexpended balances of donations and grants which ar8 not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. Incoming resources Resources expended Transfers At 31 March 2024 2023 Premises Contingency budget Maintenance Volunteer Fund General fvnds 110.008 78.290 4.052 422 341.079 (2.000) 108,008 205,515 10.01)O 362 167,052 127,225 5,948 {60) (192,865) 216.770 (197,932) 533,851 216.770 (199,932) (59,752) 490,937 Previous year: At 1 Aprll 2022 Incoming resources Resources expended Transfers At 31 March 2023 Premises Contingenw budget Maintenance Volunteer fund General funds 112.008 70.095 5.797 {2.000) 110.008 78.290 4,052 422 341,079 8.195 (1,745) 422 (2,795) 203.128 573,955 (433,209) 391.028 573.955 (435,209) 4,077 533,851 24 Analysis of net assets between funds Unrestrlcted funds 2024 Restrlcted funds 2024 Total 2024 At 31 March 2024: Tangible assets Investments Current assetsl(Ilabilities) 144,322 340,528 6.087 144,322 340,528 277,088 271,001 490,937 271,001 761,938 31
KOALA NORTH WEST LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 24 Analysis of net assets between funds (Continued) Unrestricted funds 2023 Restricted funds 2023 Total 2023 At 31 March 2023: Tangible assets Cuent assetsl(liabilities) 137.432 396.419 137,432 871,360 474.941 533,851 474,941 1,008,792 25 Related party transactions There were no disclosable related party transactions during the year (2023 - none). 26 Cash generated from operations 2024 2023 {Deficitysurpus for the year (246,854) 369,151 Adjustments for: Investment income recognised in statement of financial activities Loss on disposal of tangible fixed assets Depreciation and impairment of tangible fixed assets (11,500) 837 10,767 (2,914) 480 9,419 Movements in working capital: Decreasel{in¢rease) in debtors (Decreaseyincrease in creditors InGrease in deferred income 75,294 (76.507) 183.228 (75,931) 82.120 77.012 Cash (absorbed byllgenerated from operations (64,735) 459,337 27 Anatysls of changes in net funds Th8 charity had no material debt during th8 year. -32-