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← Cumbria Development Education Centre

2024-03-31-accounts

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Charity registration number 1156649

CUMBRIA DEVELOPMENT EDUCATION CENTRE

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

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CUMBRIA DEVELOPMENT EDUCATION CENTRE

LEGAL AND ADMINISTRATIVE INFORMATION

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Trustees MrPBatty
MrsJJackson
MrM Minnitt
MrsA Myers
Mr G Newman
MrC Riches
MrM Saunders
Mrs } J Whitley
MrJ Connolly
MrsM Barker
Charitynumber 1156649
Principal address Low Nook
Rydal Road
Ambleside
Cumbria
LA22 9BB
Independentexaminer Darren Little FCA
Saint& Co Chartered Accountants
The Old Police Station
Church Street
Ambleside
Cumbria
LA22OBT

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CUMBRIA DEVELOPMENT EDUCATION CENTRE

CONTENTS

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CUMBRIA DEVELOPMENT EDUCATION CENTRE

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2024

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The trustees present their annual report and financial statements 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 governing document, the Charities Act 2011 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

Charity's aims

The object of Cumbria Development Education Centre (CDEC) is to advance the awareness and education of the public in the subject of world development matters. in particular, our aim is to provide resources and services to secondary and primary schools in Cumbria, as well as to our wider public of beneficiaries, relating to the historical, social, geographical, economic, environmental and other aspects of global citizenship.

Vision and priorities

Our vision is for young people and those in the wider Cumbrian community to have the skills and confidence to be able to face the challenges of today, to develop understanding and respect for other people and places, and to make informed choices that have a positive impact on society and the world around them. Our aspiration is to support Cumbria in becoming a beacon of global citizenship.

To this end we have three strategic priorities or objectives — for CDEC to

summary of the main activities in relation to these objects

In pursuance of these aims and this vision, CDEC:

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CUMBRIA DEVELOPMENT EDUCATION CENTRE

TRUSTEES’ REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

Public benefit

;

Our organisation is for the benefit of the general public and, more specifically, for educators and learners in formal and nonformal educational settings, but with no restrictions on who can benefit from our services. In line with the Charity Commission's general guidance on public benefit, the purpose of the summary below of CDEC's main achievements during the past year is to demonstrate the difference that our work is making to the beneficiaries we serve. Given the nature of our work, this is not always easily measurable; however, the trustees believe that it is through the application of our values to our aims as a charity, with due attention to risk assessment and management, that we are able to make a deep and lasting impact on the awareness and education of the public in world development matters.

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CUMBRIA DEVELOPMENT EDUCATION CENTRE TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 eee Achievements and performance Significant activities and achievements against objectives

Main achievements in 2023/24

A key vehicle for achieving our strategic objectives is project delivery and we have much to be proud of in our work in this area over the last twelve months. This period saw the completion of a number of key programmes, including STORYsilience, PLACE and Green PLACE as well as Virtual Voices in RE — all documented in last year’s report. Work has continued in other areas, including

Major new projects started over the past twelve months include:

Ultimately, however, CDEC can be of no public benefit at all if we do not nurture our sustainability as an organization. To this end, in addition to diversifying and consolidating our funding streams, we have worked to:

Our work needs to be underpinned by robust governance and over the past year we have taken important steps to strengthen this. In particular we have

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. CUMBRIA DEVELOPMENT EDUCATION CENTRE

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

The difference that our work has made for its beneficiaries during the year

CDEC's ‘public’, as referred to in its charitable object, constitute its main beneficiaries. These are:

In addition to the summaries which follow, benefit and impact from our work is carefully evaluated and reported in project reviews and quarterly reports on an open and regular basis, which need no repetition in detail here.

Children and young people

Schools remain our primary constituency, and children and young people continue to benefit from our work in a range of ways including:

Examples of this in 2023-24 are our continued collaboration with Cumbria Action for Sustainability (CAfS} and others to facilitate the Youth Climate Summit, as weli as PLACE, (Paths to Leadership: Active Community Engagement), our youth climate action project with Westmorland and Furness Council.

Teachers and school communities

Our emphasis in working with teachers continues to be not just on how global citizenship matters but also on how it can be integrated into the mainstream business of the classroom and the school's wider curriculum. The positive difference we have continued to make is in four main ways:

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CUMBRIA DEVELOPMENT EDUCATION CENTRE

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 eee Students in higher education

We have links with the HE sector, for example through Lancaster University and the University of Cumbria.

In the past year we have delivered training courses within Initial Teacher Education at the University of Cumbria. We are still seeking ways to give undergraduate and postgraduate students the opportunity to contribute their voice to the development of our practice.

Other local organisations and groups

Investing in building wider alliances and partnerships with organisations across the spectrum of the business community, the voluntary sector and other areas of public life continues to be central to our strategic thinking. We have a longstanding partnership with the Cumbria Fair Trade Network and our connections with the diverse third sector in the region have strengthened through active engagement with Anti-Racist Cumbria, Carlisle One World Centre, Furness Multicultural Community Forum, CAfS and others, We are working with the Office of the Lord Lieutenant of Cumbria and the University of Cumbria on ways to strengthen civil society and with Cumbria CVS in co-facilitating the South Lakes Poverty Truth Commission.

The difference we are able to make is broadly threefold:

The impact of partnership working in this way is potentially great in helping to build Cumbria as a beacon of global citizenship.

The wider national and international network of global educators

CDEC's primary remit is to serve the people of Cumbria and an important aspect of the benefit we contribute is to locate our approach in the wider national and international context and community of global educators. We continue to play an influential role in relevant national networks such as The Global Learning Network (formerly the Consortium of Development Education Centres) and the Our Shared World Consortium —- for example in contributing to writing The Case for Global Learning as well as helping to organise events and conferences. This brings benefit:

Conclusion

in the current political and funding climate, many third sector organisations are facing enormous challenges simply to survive. As this report seeks to demonstrate, CDEC has come through another demanding year not simply surviving but thriving — and the outlook going forward is very encouraging. We believe that our work in playing a leading role in the development of global citizenship as central to educational thinking in Cumbria is of great importance and of high value to the people of Cumbria, especially its young people. It has never mattered more.

It only remains for me to express my sincere gratitude and appreciation for the hard work and commitment shownby all staff, trustees, associates, volunteers and Vice Presidents to CDEC's work.

Peter Batty, Chair 16Oy2024 |

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; CUMBRIA DEVELOPMENT EDUCATION CENTRE

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

Fundraising practices

In line with recent Charity Commission recommendations CDEC has adopted a fundraising policy. In addition to the Trustees setting the criteria and monitoring any fundraising activities it also ensures that CDEC's reputation and assets are protected and that the impact of any such fundraising on donors, supporters and the public are fully considered. Any fundraising carried out on behalf of CDEC will be within a system which ensures that it remains in CDEC's best interests and in line with its ethical policy. In addition, CDEC has started to implement the policy through a rolling three year fundraising strategy and plan.

Financial review

Review of financial position of the charity

Although there has been some improvement in the financial situation of the charity sector over the last twelve months, funding sources have remained tight and difficult to access. The Trustees consider that given this CDEC has been successful in acquiring new funding sources. The post-Covid effects on schools and other organisations has severely restricted CDEC’s ability to raise unrestricted funds which very largely arise from CDEC activities. It is the view of the Trustees that the present Director and her staff have done all in their powers to try and access these funds.

At the end of the year 2023-24 we had an unrestricted deficit of £3,989, which shows improvement on the previous year deficit of £7,293. The current deficit would have been a surplus if all the due payments had been received by the end of the financial year. We are cautiously optimistic that the measures implemented by the Trustees to reverse the deficit have been effective. The Trustees, however, will continue to work hard to build up reserves to the minimum level.

This situation concerning unrestricted funding has been very carefully monitored by the Trustees to prevent a negative cashflow developing. As stated in our reserves policy, this has caused the Trustees to continue to focus clearly on the need for increased fundraising. While there have been a number of successful bids for projects yielding restricted income, which does contribute to the salaries of staff involved and contributes to overheads, unrestricted funds have still been much more difficult to procure although the total raised increased compared to the previous year. Schools have been reluctant to take out membership and/or purchase training. The Trustees are keen to increase membership, and thus subscriptions, and considerable effort will be put into achieving this once the education sector is operating normally. A number of tempting ideas are being put together to facilitate this and initial responses from schools have been very favourabie. in addition, a Friends of CDEC scheme has been launched and this, together with an offer of free wills linked to legacy donations, is seen by the Trustees as another way of raising unrestricted funds. The importance of increasing unrestricted funds is clearly recognised by the Trustees. Both they and the staff are actively seeking these both locally and nationally.

During the year CDEC has been affected by rising costs, as has the whole economy, without being able easily to increase its charges to customers. Successful fundraising and careful monitoring of costs has lead to overall income being greater than expenditure. Although income fell slightly from £385,257 in 2022-23 to £362,391, expenditure fell considerably from £401,219 to £301,122. This gave a surplus of £61,269 as against a deficit in 2022-23 of £15,962.

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CUMBRIA DEVELOPMENT EDUCATION CENTRE TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 eee

Going concern

As mentioned above, the Trustees and staff are actively seeking ways of increasing unrestricted income. This includes attracting more schools to become members by offering a more attractive package of benefits and by providing new programmes for both children and teachers. Funds have been/are being raised to enable a number of new projects to be rolled out during the year. The Trustees are intending, also, to place more emphasis on the ‘Friends of CDEC’ campaign and its legacy funding.

The Trustees continue to monitor income and expenditure on a regular basis. With new project funding coming on stream the need to keep a careful watch on the workload of staff and the way tasks are allocated is something the trustees are conscious of and are actively monitoring.

Although restricted income does not strictly ‘belong’ to CDEC it does contribute to the employment of staff and the renting of premises. The Trustees, therefore, intend to strongly pursue the search for funding for new projects, while at the same time applying for grants for unrestricted use. We are confident that a considerable sum of money will be raised in this way during the year.

Over the last three years the Trustees have implemented a number of strategies to try and strengthen CDEC, although this has been hampered by the fallout from the pandemic. The Trustees have instituted a rolling long-term financial plan and budgeting is now done not only on an annual basis, but also in the context of this financial plan. In conjunction with this is a three year fundraising strategy which informs planning and which is under regular review. The Trustees and staff, also, have been growing CDEC’s social capital by developing relationships and working with a range of different individuals and organisations across sectors. The purpose of this partnering approach is partly to support the work of others by bringing to it our expertise and partly to make a wider resource available to our own public, as outlined. The Trustees believe this strategic approach is critical to ensuring CDEC’s long term future. While it takes time to show results, the Trustees are confident that it will not only ensure CDEC’s short term survival but will also enable CDEC to become a more resilient and sustainable organisation over time.

Reserves policy

CDEC's Reserves Policy has been reviewed on the basis that it is important that CDEC is able to maintain its staff and core work. CDEC thus seeks to achieve unrestricted reserves to an amount sufficient to pay the existing staff team for three months. The reserves level will be increased through the accumulation of unspent service income where possible. If a funding shortfall occurs, the trustees shall identify the core staff from the existing team, and direct attention to fundraising. If the reserves level exceeds that which the Trustees deem to maintain staffing and cover future redundancy commitments, then the reserves will be used to promote the development of CDEC's work. This policy was included within the CDEC Finance Policy and was given renewed approval at the Trustee meeting in March 2023.

Principal funding sources

Major funders:

Paul Hamlyn Foundation

European Commission Cumbria Community Foundation

Together with:

Subscriptions

Donations Service Income

Smaller sums continue to be important to CDEC in providing unrestricted funds to support those aspects of our work which are not covered by major grants.

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. CUMBRIA DEVELOPMENT EDUCATION CENTRE TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Principalfinancial management policies adopted

The financial position is reported regularly by both the Treasurer and the Director to the Executive Committee and to the Trustees at Full Board meetings. In addition, we carried out the Charity Commissions ‘Internal Financial Controls Checklist’ to ensure that our procedures and systems were compliant. The Trustees were reassured to see that this was the situation.

The financial systems are managed by our director, with support from a freelance finance manager and CDEC’s admin and finance officer. Saint & Co continue to act as independent examiners for our accounts, preparing the accounts for the AGM, including all paperwork relating to registering the annual return with the Charity Commission.

In addition, Saint & Co has operated the payroll system on CDEC's behalf, calculating payments, tax and other deductions at a cost of £144 per quarter. CDEC's Director sets up the salary payment to staff and HMRC via BACS transfer. A file is kept in the CDEC office which the treasurer monitors and signs regularly. Other small payments can be made from within the centre using a debit card, statements for which are monitored and signed by the treasurer as required by our financial policy.

Plans for future periods

Looking ahead to the 2024-25 Budget

We have a full budget set out for the year ahead, with a total allocated to each spending category under each project line. We have updated our accounting system and now use QuickBooks software where all income and expenditure is budgeted. This means that we can track spending against budgets on a quarterly basis. In addition, cashflow is updated on a monthly basis so it can be linked clearly with budget expectations. The Trustees and all the staff are aware of the need to focus attention on attracting extra funding and grants both restricted and unrestricted, as detailed in the three year financial overview and fundraising strategy. This will be closely monitored throughout the year by the Executive Committee and proposals taken to the full Board of Trustees. The question of whether or not CDEC is likely to remain a going concern has been carefully considered by the Trustees. Although the last few years have been extremely challenging, recent funding promises and the development of new projects means that the Trustees are cautiously optimistic that CDEC will continue to operate successfully. The Trustees are aware, also, of the current economic situation and will continue to consider carefully how this could affect CDEC’s activities and income.

Structure, governance and management

Governing document

This is the Foundation model constitution of a Charitable Incorporated Organisation (whose only voting members are its charity trustees). It was approved by the Board of Trustees on 27 January 2014 to take effect when CDEC became a Charitable Incorporated Organisation on 11th Aprit 2015.

The trustees who served during the year and up to the date of signature of the financial statements were:

MrP Batty MrsJ Jackson

Mr M Minnitt

Mrs A Myers Mr G Newman Mr C Riches Mr M Saunders Mrs J J Whitley Mr J Connolly Mrs M Barker

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CUMBRIA DEVELOPMENT EDUCATION CENTRE

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

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Recruitment and appointment of trustees

In selecting individuals for appointment as charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the ClO.

As recommended by the Charity Commission, (CC-F4 CC30) potential Trustees will have the opportunity, within the boundaries of confidentiality pertaining to such communication and documentation, to

e hold informal meeting/s with key trustees and the Director of CDEC

and to receive:

Apart from the first charity trustees, every trustee must be nominated by members and appointed for a term of three years at a properly convened Board meeting.

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CUMBRIA DEVELOPMENT EDUCATION CENTRE

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Organisational structure

The ultimate responsibility for every aspect of the Charity's operation lies with the Trustees.

All powers and decision making will be exercised by the full Board at a quorate meeting through resolution by a proposer and a seconder and by a simple majority of members present and voting. In the event of an equal number of votes being cast for and against a resolution, the Chair of the meeting will have one casting vote, even if the Chair has already voted on the resolution.

The Board may appoint standing committees.

The Board may, from time to time, form committees or other working groups which, when they are formed, must be:

The Board may delegate specific powers and authority variously to the Chair and to the Director and others as decided. These delegated powers will be reviewed annually by the Board.

Powers delegated to the Chair

Powers delegated to Director

In addition, an Executive Committee shall meet as necessary to make decisions and to consider the running of the organisation between meetings of the Board of Trustees. The quorum for a meeting shall be 3.

The membership of the Executive Committee shall be the officers of the Board of Trustees, namely the Chair, Vice Chair, Treasurer, Secretary. The Director shall attend as a non-voting member.

The Board of Trustees empowers an Executive Committee to take decisions, to be ratified as soon as is reasonably practicable by the Board regarding the general running of the charity. The Executive Committee may make recommendations to the Board regarding all other matters.

The Executive Committee may invite other members of the Board of Trustees to attend as co-opted members for specific items: co-opted members shall not have a vote.

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CUMBRIA DEVELOPMENT EDUCATION CENTRE

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

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induction and training of trustees

As recommended by the Charity Commission, (CC-F4 CC30), newly appointed/elected Trustees will

Other matters

Development

Beyond induction and the requirements of the Board Rules (section 1.6), Trustee development is grounded largely in self-led learning activities, complemented when appropriate by externally facilitated training or development events. These could include:

¢ training in areas of specific Trustee responsibility such as charity and employment law, health and safety, finance etc

Major risks to which the charity is exposed

The major risks to which the charity is exposed are fixed term project funding and foreign exchange rate fluctuation.

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The trustees’ Jn was approved by the Board ofTrustees.
Mr P Batty —
Trustee
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Date: 16 July 2024

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CUMBRIA DEVELOPMENT EDUCATION CENTRE

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF CUMBRIA DEVELOPMENT EDUCATION CENTRE

| report to the trustees on my examination of the financial statements of Cumbria Development Education Centre (the charity} for the year ended 31 March 2024.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).

} report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement - matter of concern identified

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body fisted in section 145 of the 2011 Act. | confirm that | am qualified to undertake the examination because | am a member of ICAEW, which is one of the listed bodies.

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

| understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

{ have completed my examination. | have identified a matter of concern in my report because | have concerns that the charity has negative free reserves.

The charity has a deficit on their general unrestricted reserves of £8,285 (2023: £19,151). For clarity the reserves are the charity's unrestricted funds that is freely available to spend on any of the charity's purposes.

The charity was solvent at the year-end as there are unspent designated and restricted fund balances at the year end in excess of the unrestricted funds deficit. The trustees make their assessment of going concern looking at least 12 months ahead from the date that they will approve the accounts, and this shows in their opinion that they are a going concern. We have been provided with a cashflow forecast that shows a solvent position 12 months ahead and the charities plans to reverse the current deficit on their year end reserves.

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CUMBRIA DEVELOPMENT EDUCATION CENTRE

INDEPENDENT EXAMINER'S REPORT (CONTINUED) TO THE TRUSTEES OF CUMBRIA DEVELOPMENT EDUCATION CENTRE

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| confirm that no other matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

| confirm that there are no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Darren Little FCA

& Co Chartered Accountants

Old Police Station

Church Street

Ambleside

Cumbria

LA22 OBT

Dated: fleet Lory

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CUMBRIA DEVELOPMENT EDUCATION CENTRE

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2024

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2024 2024 2024 2023 2023 2023
Notes £ £ £ £ £ £
Incomefrom:
Donations and legacies 3 6,673 - 6,673 9,259 - 9,259
Charitable activities 4 51,500 304,218 355,718 42,213 333,785 375,998
Totalincome 58,173 304,218 362,391 51,472 333,785 385,257
Expenditure on:
Charitable activities 5 54,869 246,253 301,122 37,137 364,082 401,219
Totalexpenditure 54,869 246,253 301,122 37,137 364,082 401,219
Netincome/(expenditure) and
movementinfunds 3,304 57,965 61,269 14,335 (30,297) (15,962)
Reconciliation offunds:
Fund balances at 1 Apri} 2023 (7,293) 56,880 49,587 (21,628) 87,177 65,549
Fundbalancesat31March2024 (3,989) 114,845 110,856 (7,293) 56,880 49,587

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

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CUMBRIA DEVELOPMENT EDUCATION CENTRE

BALANCE SHEET

AS AT 31 MARCH 2024

2024 2023
Notes £ £ £ £
Current assets
Debtors 12 14,087 18,197
Cash atbankand in hand 101,866 33,156
115,953 51,353
Creditors:amounts fallingduewithinoneyear 13 (5,097) (1,766)
Netcurrent assets 110,856 49,587
Netassetsexcluding pension liability 110,856 43,587
Thefunds ofthe charity
Restricted incomefunds 15 114,845 56,880
Unrestricted funds (3,989) (7,293)
110,856 49,587

The financial statements were approved by the trustees on 16 July 2024 MrP Batty (4 Trustee

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CUMBRIA DEVELOPMENT EDUCATION CENTRE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

Charity information

Cumbria Development Education Centre is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is Low Nook, Rydal Road, Ambleside, Cumbria, LA22 9BB.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's [governing document], the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Iretand” (“FRS 102”) and the Charities SORP "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). The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

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.

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

The Trustees and all the staff are aware of the need to focus attention on attracting extra funding and grants both restricted and unrestricted, as detailed in the three year financial overview and fundraising strategy. This will be closely monitored throughout the year by the Executive Committee and proposals taken to the full Board of Trustees. The question of whether or not CDEC is likely to remain a going concern has been carefully considered by the Trustees. Although the last three years have been extremely challenging, recent funding promises and the development of new projects means that the Trustees are cautiously optimistic that CDEC will continue to operate successfully.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific 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.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

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CUMBRIA DEVELOPMENT EDUCATION CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

(Continued)

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 charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the iegacy is treated as a contingent asset.

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated 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 activities 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 the portion of the asset’s use.

1.6 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ 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 the contractual provisions of the instrument. —

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.

Basicfinancial 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 receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

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CUMBRIA DEVELOPMENT EDUCATION CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

(Continued)

Basic financial liabilities

Basic 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 services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities 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 offinancial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.8 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying 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.

3 Income from donations and legacies

Unrestricted Unrestricted
funds funds
2024 2023
£ £
Donations and gifts 3,565 4,134
Service and membership income 3,108 5,125
6,673 9,259
Donationsand gifts
Carlisle Diocese 1,170 886
Otherdonations 2,395 3,248
3,565 4,134

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4 Income from charitable activities

CUMBRIA DEVELOPMENT EDUCATION CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2024 2024 2024 2023 2023 2023
£ £ £ £ £ £
Projectincome
Services provided under
contract - 5,980 5,980 - 3,564 3,564
Charitablegrants - 298,238 298,238 - 330,221 330,221
Contract and service income
Saleofgoods 243 - 243 185 - 185
Services provided under
contract 51,257 - 51,257 14,028 - 14,028
Charitablegrants - - - 28,000 - 28,000
51,500 304,218 355,718 42,213 333,785 375,998

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CUMBRIA DEVELOPMENT EDUCATION CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

Incomefromcharitable activities Incomefromcharitable activities (Continued)
Performancerelatedgrants analysis
Projectincome Contractand Total Projectincome Contractand Total
service income service income
2024 2024 2024 2023 2023 2023
£ £ £ £ £ £
British Council
(Erasmus+ PLACE} 38,466 - 38,466 78,090 - 78,090
Westmortand & Furness
Council (PLACE-climate
action) 99,657 - 99,657 - - -
The National Lottery
Heritage Fund—Green
PLACE - - - 149,200 - 149,200
DD McPhail Charitable
Settlement (Care
Leavers) 17,205 - 17,205 19,816 - 19,816
CCC(Nature based
learningcontract) - - - - 28,000 28,000
PaulHamlyn Foundation
(Welcomingthe
Stranger) 88,000 - 88,000 - - -
London Borough of
Tower Hamlets
(Erasmus+ Storysilience) 1,448 - 1,448 16,000 - 16,000
Cumbria CF (Welcoming
and Resilient
Communities/Climate :
Leaders) 15,000 - 15,000 27,166 - 27,166
Global Link(Migration
StoriesNW) 3,760 - 3,760 8,760 - 8,760
Othergrants 34,702 - 34,702 31,189 - 31,189
Other - - - - - -
298,238 - 298,238 330,221 28,000 358,221

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5 Expenditure on charitable activities

CUMBRIA DEVELOPMENT EDUCATION CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Project Contractsand Project Contractsand Project Contractsand Total Project Contractsand Total
expenditure service costs expenditure service costs
2024 2024 2024 2023 2023 2023
£ £ £ £ £ £
Direct costs
Staff costs 77,249 26,208 103,457 113,958 17,016 130,974
Rentand rates 3,087 - 3,087 5,346 - 5,346
Transfer to partners 109,153 3,073 112,226 128,100 - 128,100
FreelanceAssociate Fees 3,606 4,275 7,881 11,865 1,000 12,365
Computer Hardware,
Software & Licences 499 - 499 703 - 703
Consumables and supplies 23 28 51 1,416 - 1,416
HR costs - - - 771 - 771
Insurance 1,572 - 1,572 1,113 - 1,113
Marketing - - - 384 - 384
Stafftraining and staff
expenses 3,638 476 4,114 1,260 763 2,023
Printing, postage, stationery
&telephone - - - 1,280 25 1,305
Travel &Transportcosts 1,762 203 1,965 12,162 426 12,588
Project Activities 29,507 20,306 49,813 74,591 16,127 90,718
Purchases - - - 266 - 266
Other costs 12,543 - 12,543 8,858 - 8,858
242,639 54,569 297,208 362,073 35,357 397,430
Shareofsupportandgovernancecosts(seenote 6)
Governance 3,614 300 3,914 2,009 1,780 3,789
246,253 54,869 301,122 364,082 37,137 401,219
Analysis byfund
Unrestricted funds - 54,869 54,869 - 37,137 37,137
Restricted funds 246,253 - 246,253 364,082 - 364,082
246,253 54,869 301,122 364,082 37,137 401,219

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CUMBRIA DEVELOPMENT EDUCATION CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

6 Support costs allocated to activities

----- Start of picture text -----
||||||||||| |---|---|---|---|---|---|---|---|---|---| |2024|2023| |£|£| |Governance|costs|3,914|3,789| |Analysed|between:| |Project|expenditure|3,614|2,009| |Contracts|and|service|costs|300|1,780| |3,914|3,789| |2024|2023| |Governance|costs|comprise:|£|£| |Audit fees|1,592|1,392| |Legal|and|professional|2,299|617| |Trustees|expenses|23|1,780| |3,914|3,789| |7|Net movement|in funds|2024|2023| |£|£| |The|net|movement|in|funds|is stated|after charging/(crediting):| |Fees|payable|for the|independent examination|of the|charity's|financial|statements|1,592|1,392|

----- End of picture text -----

8 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

During the current year one trustee was reimbursed for travel expenses totalling £23 (2023: Six trustees were reimbursed for travel expenses totalling £1,780 }

9 Employees

The average monthly number of employees during the year was:

----- Start of picture text -----
2024 2023
Number Number
4 6
----- End of picture text -----

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CUMBRIA DEVELOPMENT EDUCATION CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

----- Start of picture text -----
|||||| |---|---|---|---|---| |9|Employees|(Continued)| |Employment|costs|2024|2023| |£|£| |Wages and|salaries|97,923|122,844| |Social|security|costs|3,502|5,494| |Other pension|costs|2,032|2,636| |103,457|130,974|

----- End of picture text -----

There were no employees whose annual remuneration was more than £60,000.

10 = Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

11 ~—s Transfers

The only transfers made in the year were between designated funds and general unrestricted funds when the designation was no longer required.

----- Start of picture text -----
||||||||||| |---|---|---|---|---|---|---|---|---|---| |12.|Debtors| |2024|2023| |Amounts falling due within one|year:|£|£| |Trade|debtors|1,172|372| |Prepayments|and|accrued|income|12,915|17,825| |14,087|18,197| |13|= Creditors:|amounts falling due|within one year| |2024|2023| |£|£| |Accruals and|deferred|income|5,097|1,766| |14|~—— Retirement|benefit schemes| |2024|2023| |Defined|contribution|schemes|£|£| |Charge to|profit or|joss|in|respect|of defined|contribution|schemes|2,032|2,636|

----- End of picture text -----

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CUMBRIA DEVELOPMENT EDUCATION CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

14 ~——-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 independently administered fund.

15 _—s&Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At1 April2023 Incoming Resources At31March
resources expended 2024
£ £ £ £
Erasmus +PLACE 614 40,032 (40,646) -
Erasmus +Storysilience - 1,448 (1,448) -
Care Leavers Project 12,771 17,205 (27,619) 2,357
Climate Leaders Project 29,629 15,000 (29,537) 15,092
Migration Stories NW - 6,741 (6,741) -
Welcomingand ResilientCommunities 5,768 - (5,768) -
ConnectingCommunities (UKRI} 8,098 14,702 (14,921) 7,879
Blue Influencers - 20,233 (5,068) 15,165
Welcomingthe Stranger - 89,200 (78,485) 10,715
WEC PLACE - 99,657 (36,020) 63,637
56,880 304,218 (246,253) 114,845
Previousyear: At1April2022 Incoming Resources At31March
resources expended 2023
£ £ £ £
Discovered StoriesSharedCommunities 8,497 - (8,497) -
Erasmus + PLACE 911 78,091 (78,388) 614
Erasmus+ Storysilience 16,578 19,564 (36,142) -
Virtual Voice RE 3,889 - (3,889) -
Care Leavers Project 7,894 19,816 (14,939) 12,771
Climate LeadersProject 8,500 27,866 (6,737) 29,629
Holidayand Food Programme - 13,020 (13,020) -
Migration StoriesNW - 8,760 (8,760) -
PLACE - Green recoveryFund 31,614 149,200 (180,814) -
Welcomingand ResilientCommunities 9,294 9,300 (12,826) 5,768
ConnectingCommunities (UKRI} - 8,168 (70) 8,098
87,177 333,785 (364,082) 56,880

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CUMBRIA DEVELOPMENT EDUCATION CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

15 _— Restricted funds

(Continued)

The specific purposes for which funds are to be are applied are as follows:

Erasmus+ (PLACE - Paths to Learning- Active Community Engagement): PLACE is an EU project and involves CDEC working with partners in the Czech Republic, Slovakia and Dorset. Our project will enable pupils and young people to explore their communities through place based learning in order to better connect them to their communities- the place they are in and the support networks around them. Core to this project are the themes of emotional health and wellbeing, sustainability and climate action and building sustainable communities and cities.

Erasmus+ (STORYsilience): STORYsilience works with young people and arts based organisations. Young people are supported to gather stories of experiences of the pandemic and work with creative experts to turn those stories into performance.

Care Leavers Project: Working specifically with young people with care experience to develop their agency, community connections and build skills that give them greater confidence to engage with further education and employment.

Climate Leaders Project: Develop a network of young people across Cumbria who can share their ideas and projects with others as they work to address climate change. The aim is to create a series of resources that young people can access to support them to take action at a local level.

Migration Stories NW: Researching and documenting 100 stories of migration to and from the Northwest of England since the Romans. These stories will be hosted on a custom built website.

PLACE - Green recovery Fund: The aim of Green PLACE is to develop agency in young people by encouraging exploration of their locality. Identifying the green spaces it contains, assessing the quality of the green space and exploring the opportunities to improve and enhance the space for the benefit of people and wildlife. The project also aims to strengthen relationships within their immediate community and help participants engage with the wider community through nature-based activities. We hope the project activities will give them a sense of how they can take local action to improve their community as well as supporting their mental health and wellbeing.

Welcoming and Resilient Communities: Developing training and workshops for teachers, community members and young people that support greater understanding of people who are refugees, seeking asylum and how, through this greater empathy we can build more welcoming communities.

Welcoming the Stranger: A 3 year project working with 12 schools in West Cumbria. The purpose is to support the schools to develop their creative approaches to teaching and learning to better support pupil’s aspirations, globai mindsets and mental health.

PLACE- climate and nature youth led action: The project will primarily focus on how youth-led behaviour change can lead to sustainable, locally informed and agreed actions. Through the PLACE - youth-ied climate and nature action project and the wider work of our partners and partnership, young people will be at the centre — leading the change, developing the solutions that work best for their community.

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CUMBRIA DEVELOPMENT EDUCATION CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

16 ~=—_-Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are 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.

At1April2023 Incoming Resources Transfers At31March
resources expended 2024
£ £ £ £ £
Nature based learning contract 11,858 - (11,858) - -
CivicSociety Research - 7,000 (4,992) - 2,008
Learning Naturally - 1,920 (1,920) - -
MerryMaker Fair - 5,150 (3,225) (1,925) -
Natural England - 25,428 (20,029) (5,399) -
Poverty truth Commission - 3,300 {1,012) - 2,288
Generalifunds (19,151) 15,375 (11,833) 7,324 (8,285)
(7,293) 58,173 (54,869) - (3,989)
Previousyear: At1April 2022 Incoming Resources Transfers At31March
resources expended 2023
£ £ £ £ £
Greener schools - 2,121 {1,594) (527} -
Nature based learningcontract - 28,000 (16,142) - 11,858
General funds (21,628) 21,351 (19,401) $27 {19,151}
(21,628) 51,472 (37,137) - (7,293)

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CUMBRIA DEVELOPMENT EDUCATION CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

16 Unrestricted funds

(Continued)

The specific purposes for which funds are to be are applied are as follows:

Nature based learning contract: CDEC was contracted by Cumbria County Council to research barriers and enablers to schools engaging in nature based learning

Civic Society Research: A Knowledge exchange project, led by the Office of the Lord Lieutenant and University of Cumbria to develop understanding of what is needed to strengthen civic society

Learning Naturally: A Natural England contract to develop educational resources for Earnse Bay

Merry Maker Fair: A community event celebrating the legacy and impact of Charlotte Mason

Natural England: A contract to scope a framework of support that would encourage schools across England to develop more teaching and learning outdoors

Poverty truth Commission: supporting the facilitation of working groups- focused on amplifying the voices of people with lived experience of poverty and influencing services to better support them

17s Analysis of net assets between funds

Unrestricted Restricted Total
funds funds
2024 2024 2024
£ £ £
At31 March 2024:
Current assets/(liabilities) (3,989) 114,845 110,856
(3,989) 114,845 110,856
Unrestricted Restricted Total
funds funds
2023 2023 2023
£ £ £
At 31 March 2023:
Current assets/(liabilities) (7,293} 56,880 49,587
(7,293) 56,880 49,587

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CUMBRIA DEVELOPMENT EDUCATION CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

18 ~—-Funds in deficit

Funds in deficit at the year end are as follows:

Unrestricted funds / services

The general unrestricted funds are in deficit at the year end by £8,285 (2023: £19,151 / 2022: £21,627)

The trustees are aware of this situation and are taking the following steps to return the free reserves to a positive position:

« Increasing efforts to generate unrestricted income through diversifying training and membership income and seeking out appropriate contracts

19 _—*Related party transactions

There were no disclosable related party transactions during the year (2023 - none).