Charlty reglstrdtlon number 1157412 Company registration number 07222332 (England and Wales) COWRAN CARE LTD ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 APRIL 2024
COWRAN CARE LTD LEGAL AND ADMINISTRATIVE INFORMATION Trustees Miss Rachel Diss Mr Mithael Diss Vanda Brown Jayne Brearley Mrs Alison Smith Secretary Mr Michael Diss Charity number 1157412 Company number 07222332 Indopendent oxamlner Redhead Accountsncy Ltd Bank Hous8 Griffin Street Broughton-in-Fumess Cumbria LA20 6HH
COWRAN CARE LTD CONTENTS Page TTUStees Rewt r8POrt Independent examinerfs report Statement of financaal actlvitles Balanc8 sheet Notes to the financia statements 7-14
COWRAN CARE LTD TRUSTEES REPORT REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 29 APRIL 2024 The Trustees presenl their annual report and financial statements for the year anded 29 April 2024. The financial ststements have been prepared in accordance with th8 accounting polides set out In note 1 to the finan¢ial statemonts and compty with charitys Igovernin9 documenti. the Companles Act 2006 and "A¢counts'ng and ReportiTrJ by Charities: Statement of Recommended Practice applicable to charities preparing their acUnts in aOrdanC8 with th& Firkan¢ial ReptIng Standard applicable in the UK and Republic of Ireland (FRS 102). (effethe 1 January 2019). Obiectlves and activlties The obiecls are :_ 1. To advan In lifo and relieve n8eds of thildren and young people through the provlsion of fann based activities designed to advanc educatlon and devdop their skllls. capacitle$ and capabilities to enabl& them lo participate in society as mature responsible individuals. 2. To relieve the needs of peopl& who are experiencing long term unomployment or who are recovering from physical or mental illness by provlding fam base(J activities designed to devebp their skills and Improve their condilions of life. The TnJees have paid due regard to guidance issued by the Chartty Commisslon in deciding what aclivities the chaiity should undertake. This year has been particularfy busy for Cowran Care as we have worked throughout in a number of areas. targeting differenl gTOUPS. 1. Primary and Secondary sch(K4s a. We have worked wllh a nIficent number of young pe from local primary and secondary schools ag8d 1Ck16. b. They are all either struggling in school hth academic work. or not 8ttendlng sthool at all because they cannot wpe with Ihe enVir(ment. Many have mental heahh issues, or complicated home and social live& d. Some are involved in antlsoc4d behaviour or with the Justice System. This area of work demands incTrasing use of our ser¥ices in providi vocational qualifications and WOTk practlo. e. Schools have increasing numbefs of young p&¥le requiring altem8tiV8 curriculum. to the po¥it that this coukl become all consuming relatlve to our other target groups f. This group is perhaps not most needy vthen it comes to allocaling our limited resources 2. Post 16 Education and Health Care Plan EHCP - Young people with Higher Level needs a. We have ten rès(xJrcd pkns wlth WesnlIand arKI Fumess Edurauonal Serwc85 to deliver vocati(1 trdining support to a grwp of young petyb experienciThJ th*nging needs in thelr progress to a¢hi8ving thelr fvll potential both in their qualty of lifè and directton towards 8mpk)yment, further training volunteering g. This area of work alMJns readily to our origlnal charftable goals and futurè dlrecfjon. h. We olebrate the success of these young people, WIM) have achieved up to Level 2 Diploma qualifications. as well as huge improvements in confidence and resillence
COWRAN CARE LTD TRUSTEES REPORT REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 29 APRIL 2024 3. DeVelolent of Youlh Worf( Holiday and FCKKI Programme HAF We have delivered successful programmes during Summer. Easter and Christmas holidays, for a number of years. These arè fijnded by Central Governnt to provide those enlitl&Y to Ftee School Meals with a mid-day meal during school holidays. This ts for those up to 16 and as v1 as the meal involves a programme of youth work. b. HAF has Jed us to recognise that the fann enVInMent arKI our resour of stsff and animals, open air and lar¥J are exceptional too* in workirvJ with yOLFng people more infonnally in Youth Work situations. BEThER TOMORROW We reiVed our second year grant from BEfTER TOMORROW in Drntser. this is administered by Cumbria Community Foundation and supported by Cumbria Youth ANianc8 and a team of fuThJers. The goal of this iniliative is to train a new generatlon of Youth WoTkers a¢x)ss Cumbrfa, increasing numbers and skills and extending the range of engagement of youth people We have developed areas of youth wcffk 1. A Saturday momlng dub krn as ACARE 1. A volunteer based (16-25) preparatton project 2. An "After School. club is in th8 planning stage Achlevements and perforniance ABC Awards provided our national accreditation and we had students progressing through th8 year on L2 Diploma in Anlmal Care L2 Cenlficate In Animal Care L1 C&tificate In Fami Animal Care 11 The Company woNlded work experien in a wide rdnge of larml-based activities, Including Anffimal Care. Agriculture, HtICultUre. Land Management. All students recEived support in their life skills which enabled them lo overcome their barriers to leaming so that they can become e(x)nomically actNe in their home {munItIes. Flnancial review Where appropriate. tt)e Company obtains fundirKJ from schcK)Is or Local Authority sources for the service provided to young pewe under their care. We continue to pay back the govemment supported Boun Bank Loan scheme. Grant funding is thll scarce folknving COVID. We are grateful lo . Better Tomorrow £18.LYJO and we continue to be well Supp by a Private Benefactor The Trustees had set a target of having a resewve of three months expenditur8 by 2026. COVID h8S Put this back lo 2030. We assess that
COWRAN CARE LTD TRUSTEES REPORT REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 29 APRIL 2024 The Finance Manag8r malntaln$ a Risk Reglster. and this is reviewed by the TNsts88 annually Structure, govemance and managemènl The charty is a company limited by guarantee. The Company is governed by the Mernrandum and Artlde5 of Association adopted at a general meeting on 30 May 2014. Trustees are appointed on the basls of the skills that they can bring to the Board of Trustees. Mrs AM Diss MBE DL (Principal) is responsible for the day to day running of the Company and reports to the Board. She is supported by the Chairman. Financ8 Manager and Company Secretary. The Board have appolnted Mrs Lynne Murray to oversee those issues where a conflict of interest mlght arise. NorE of the TnJste8s has any beneficial interest in the company. All of the Trustees are members of th8 company 8nd guarantee to contribute £1 in the event of a winding up. The Trnsteès report was approved by the Board of Twstees. Mlss Rachel Dlss Twstee
COWRAN CARE LTD INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF COWRAN CARE LTD I report to the Trustees c¥) my examination of the financial statements of Cowran Care Ltd (the charity) for the year ended 29 April 2024. Responsiblltties and basls of report As the Trustees of the tharlty (and also its directors for the Wfposes of company law) you are reswisible for the preparation of the financial statements in accordan with the requirements of th8 Companies Act 2006 (the 2006 Act). HavOr satisfied myself Ihat the financial statements of the chartty are not required to be audted under Part 16 of the 2)6 Acl and aro efigltk for InderK{ent examlnation, I report in reS¢t of my examination of the charity's financial statem8ftts Carried out urKler section 145 of the Charits Act 2011 (the 2011 Act). In carying out my examination I have followed all the applicable Directions given by the Chaiity Commission uThJer sectjon 145(5)(b) of the 2011 Act. Independenl examlnefs Stalement I have conted my examln8tion. l Confimi that r matters have com8 to my attentlon In conn8Ction with the exarnination giving me cause to believe that in any material r8specl.- accounting records were not kept in respect of the charity as requlred by section 386 of the 2006 Act", or the flnancial statements do not accord with those records" or the financial statents do not comply wlth the accounting requirements of section 396 of the 2006 Act olher than any QUIreMan1 that the ac(xiunts give a true and fair view which is not a matter considered as part of an independent examinaticn," or the financial statements have been prePad in aco)rdanc8 with the methods and principles of Statement of Recommended practi for accounting and reporting by charities applicabk to charlties pr8pariNJ their accounts in accordance with the Finandal Reporting Standard applicable in th8 UK and Repubjlc of Ireland (FRS 102). I confim? that we have recommended the contlnual review of the aljocatlon of wages between th8 Charity and iys trading subsKliary so that it is In proportion between tho grants received In th& year and the work done In th8 tradlng Company. no other rnatters in connection wilh the examination to which attention should be drawn in this report in order to enable a proper understanding of the flnandal statements to be r8ached. Redhead Accountancy Ltd Bank House Griffin Street Broughton4n-Fumess Cumbrla LA20 6HH Dated..
COWRAN CARE LTD STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 29 APRIL 2024 Unrestricted Restrict•d funds funds 2024 2024 Total Unrestricted funds 2023 Restricted funds 2023 Total 2024 2023 Note5 Income and endowments from: DiThtions and legacies Investments Other income 20.754 67 33.000 53,754 67 33.039 36,176 69.215 6.941 6,941 Total income 20,821 33,OCrfJ 53,821 39.983 36,176 76.159 endlture on: Service char98 8.000 8.000 29,090 29,090 Charitable ¥tfvities 11,692 39,329 51,021 9.882 20.562 30,444 Total rasour¢os expended 19.692 39,329 59.021 38.972 20.562 59.534 Net InComel(expendire) for the y9arl Net movement in fvnds 1.129 (6.329) (5.200) 1,011 15.614 16,625 Fund balances ai 30 April 2023 9.584 18,414 27,998 8,573 2,81)0 11.373 Fund balance$ at 29 Aprll 2024 10.713 12.085 22.798 9.584 18,414 27.998 The statement of financial activities includes alj gains and losses recognis8d in th8 year. The statement of ftnancial 8Ctivities includes all gains and k)SSeS Tecognlsed in the year. All income and expenditure derlve from continuing activities. The Statement of Ilnandal activities also complies wlth the requirements for an income and expenditure accL)unt under the Companies Act 2006.
COWRAN CARE LTD BALANCE SHEEr AS AT 29 APRIL 2024 2024 2023 Flxed as8ets Tangible assets Current assets Debtors Cash at bank and in harNI 11 550 1.100 12 59.060 28,855 24,502 Credltor8.' amounts falllng due wlthln ono year 59,064 53,357 14 (24.009) (10,012) Net current assets 35,055 Totsl assets less currenl Ilabilitles 43,345 35.605 Creditors: amout)ts falllng due after more than one year 44.445 15 (12,807) {16,447) Net assets 22,798 27,998 Income fundg Restrfoted funds Unrestricted funds 17 12.085 10,713 7,706 10.998 22,798 18,704 The company is enth to the exemption from the audit requlrem8nt wntain8d in section 477 of th8 Companles Act 2006, for the year ended 29 Apnl 2024. The director aCknogeS her resFrf)nsibifities for Comy1ng with the requirements of the Companles Act 2006 with resp8Ct to accounling re¢(dS and the preparation of financial statem8nts. The members have not required the rnPany lo obtain an audit of its financial statements for the year in question in aCrdance with section 476. Thgse financial stst8ments have teen prepared in acccrdance with the provrsions appfiGable to Companies subject to the small companies regime. The financi81 statements were approved by Trustees on . Mr Michael Diss Company Rogls lon No. 07222332
COWRAN CARE LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 APRIL 2024 Accounting p1¢18$ Charity inftymation Comffan Care Ltd is a private company limited by guarantee incorporated in Ergland and Wales. . 1.1 A¢countlng ¢onventlon The finandal statements have been prepared in aC0)rdan Mth the charivs tgov8ming d{mentI, the Companies Act 21Th, FRS 102 The Flnan¢ial Reporting Standard appllcabje in the UK and Republic of Ireland" ("FRS 102.) and the Charities SORP "Accountlng and Reporting by Charities: Statement of Recomm8nded Practice 8pplicable to charities pr8paAng their accounts in accordance with the Financial Reporfng 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. Th8 charity has taken advantage of Ihe provisions in the SORP for charities not to prepare a Stslem8nt of Cash Fh)ws. The finan¢ial statemants ar8 prepared In st8rling, which is th8 fijnctional currency of the charity. Mon8tary amounts in these financial statements are rounded to the nearest £. The finanoal statements have been prepared under the historical cost convention, Imodified to include the r8valuatiDn of fre8hold prop&rties and to indud8 investrnent properties arKY certain financial instrum8nts at fair value]. The principal accounting Folicles adopted ar& set out lOw. 12 Golng concem At the rne ol approving the financial statements, the Trustees have a reasonable expectation that the charity has adequaté reS0CeS to continue in operational existence for th8 foreseeable future. Thus the frustees continue to adopt th8 going concem basis of ac¢ounting in preparin9 the financial statements. 1.3 Charltable funds Unr8Stricted funds are available for use at the discretion of th8 Trust8es in furth8rance of théir charitable objectlves. Restricted funds are subject to speciflc conditions by donors or grantors as to how they may be used. The purpose8 and uses of the restrict8d funds are set out in the notes to the financial statements. Endowment furKls are subject to specific conditions by donors that the capital must be malntsined by the charity. 1.4 In¢ome Incorne is recognised when the charity Is legally entitled to it after any performance condltions have been met, the amounts can be measured ffjliably. and li is probable that income will be reived. Cash donations are recognised on receipt. Other donations are recognised On the charity has been notified of the donation, unless performance conditions require deferral of the amount. Incorne tax recoverable in relation to donations received under Gift Ald or deeds of covenant is renised at the timo of the donation. Legacies are rwnised on receipt or otherwise rf th8 charity has been notified of an imp8nding distribution, the amount is known. 8nd reIpt is axpected. If the amount Is not known, th8 legacy is treated as a contingenl asset.
COWRAN CARE LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 29 APRIL 2024 Axounung policles (Continued) Exp•nditure Expenditure is recognised On there Is a legal or constructive i)bllgation to transfer econom1¢ benerrt to a third party. It is probable thal a transfer of 8conomic benefits will be requiréd In settlemènt. and th8 amount of the obligation can b8 measured rellably. Expendlturè Is dassified by activity. The costs of each activEty are made up of the total of direct costs and shared Sts, including support costs involvéd 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 Gosts which are not attributsbfe to a single activity are apportioned between those activities on a basis nsislent 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. 1.5 Tangible fixed assets Tangible fixed a55ets are initlally measured at cost and subsequently m8asured at cost or ValuOn. net of depreciation and any Impairm8nt Ioss8S. Depreciation is r8cognlsed so as to writ8 off the cost or valuatlon of assets less th8ir resldual values ov8r th8ir useful liv85 on the following bases.. Plant arKI machinery 20% straight line The gain or loss arising on the disposal of an a8S8t is determined as the difference b8tween the sale prOe5 8nd the carrying vale of the asset. and is recognised in the statem8nt of financial activilies. 1.6 Impaim?ent of flxed assets At each reporting end dale, th8 tharlty revi8WS the carrying amounts of Its tangible assets to detenTtlne wheth8r there is any indi¢8tion that those assets hav8 suffered an impairment loss. If any Such indication exists. the recoverable amount of the asset is estimated in order to determine the extent of the impalmient loss (if any). 1.7 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-tem liquid investrnents wlth original maturllles of three months or less. and bank overdrafts. Bank overdrafts are shown wlthin borrowings in current Ilabillties. 1.8 Financial instruments The charity has elected to apply the provisions of Section 11 'Basic Financial In5trumenls' and Section 12 'Other Flnancial Instruments Issues, of FRS 102 to all of its finanoaj instruments. Finanaal instrum8nts are recognised in the chariys balance sheet when the charity becomes party to the contractual provisions of the instrument. Flnancial assets and liabilitles are offset, with the net amounts presented In the flnanclal statements. when there is a le9ally 8nforceab18 right to set off the recognis8d amounts and ther6 is 8n intention to Settle on a net basts or to realise the ssset and settle the Ilabilty simultaneously. Baslc financlal assets Basic financial assets, whlch Include debtors and cash and bank ba18nc&s, are initially measured at transactron induding transaction costs and are subsequently carried at amortised cost using the effectiv8 int&st method unl8SS the arrangement constitut8s a financing transaction, wh8re the transactM)n is m8asured at the present value of the future receipts discounted at a market rat8 of Interest. FlnancFal assets dassif*d as recelvable wrthin one year are not amortised.
COWRAN CARE LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 29 APRIL 2024 Accountlng pollcles (Continued) Bask flnanclal Ilablllti•s Basic financial Ilabilities. includlng creditors and bank loans are inttlally recogni8ed at transactlon prfce unless the arrangement constrtutes a financing transaction. where the debt instrument is m8asured at the present value of the future payments discounted at a market rate of inter8St. Financial liabilities dassified as payabl8 withln one year are not amortised. Debt instruments are subs8quently carrfed at amortised wst, using the 8ffective int8rest rate method. Trade credltors are obligaOnS to pay for gOS or services that have been acquired in the ordSnary course of operations from suppliers. Amounts payable ar8 dassffied as current liabilities rf payment is du8 Wlthin one year or 18s5. If not. they are psenIad as non-¢urrent liabilities. Trade cr8ditors are recognssed initially at transaction price 8nd subsequently measured at amortised cost using the effective Inter8St method. Derecognlllon of flnanclal Ilabllltles Financlal liabllities are derecogni88d vthen the charrtys Contradual obligatlons explrg or are discharged or (xncelled. 1.9 Employee beneflts The cost of any unused holiday 8ntitlemènt is recognised in the period in which th8 employ88'S servi are received. Temiination beneffts are recoonised immediately as an expense when the charfty is demonstrably committed to temiinate the employment of an employee or to provid8 tennination benefits. 1.10 Retlr•ment beneffts Payments to defined contribution retirement benefft schemes are d]arged as an expens8 as they fall due. Donations and legaci05 Unr8Strlcted Restrf¢tsd funds funds Tolal Unrestricted Restricted funds funds Totsl 2024 2024 2024 2023 2023 2023 Donations and gffts Grants recefved Other 10,795 7,545 2.414 10.795 40.545 2,414 20,015 12,706 318 33,iJ)O 20,015 48,882 318 36.176 20.754 33,000 53.754 33,039 36,176 69.215 Income from Investments Unrestricted Unrestricted funds funds 2024 2023 Interest receivab 67
COWRAN CARE LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 29 APRIL 2024 Other ineomo Unr8strlcted Unrestrlcted funds funds 2024 2023 Other income 6.941 Support costs Unrostrleted Unrestrict8d funds funds 2024 2D23 Support costs 8,000 29.090 8.000 29.090 10-
COWRAN CARE LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 29 APRIL 2024 Charltsble activities Charltable Charltable Expendtture Expendituro 2024 2023 Staff costs Depreciation and iMpalmnt R8pairs and renewas Postage, staii(Jnery Travelling Support costs Legal, professional Bank charges Acc(xsntancy fees Bank inter8St 44.608 550 2,301 1.115 280 8,000 48 105 1,392 620 17,163 550 9,176 330 699 29,090 48 107 1.680 691 59.021 59.534 59.021 59.534 AnalysFs by fund Unrestricted funds R8stricted funds 16,962 39,329 38.972 20.562 59,021 59.534 Net movement in funds 2024 2023 The net movemént in funds is ststed afler chargingl(crediting}: Depredation of own8d tangible fed assets 550 550 T(ee8 None of Trustees received any remuneratlon or beneffts from the charity during the year. 11
COWRAN CARE LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 29 APRIL 2024 Employees There were 8 employees durlng the year. Employment costs 2024 2023 Wages and salarEs Olhei p8nsion (x)sts 41,429 3,179 16,631 531 44,608 17,162 10 Taxation The chartty is exempt from taxation on ts actiVitS because all its income is apt4ied for charitatAe wrposes. 11 Tangible fixed a&%ets Plant and MachIry Cost At 30 April 2023 2.750 At 29 April 2024 2,750 Depreclation and Impalmignt At 30 April 2023 Deprociation charged in the year 1.650 550 At 29 April 2024 2,200 Carrying aniount At 29 April 2024 550 At 29 April 2023 1.100 12 Debtors 2024 Amounts falllng wfthln on8 year: 2023 Trade debtor5 59,060 28,855 12-
COWRAN CARE LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 29 APRIL 2024 13 Loans and overdrafts 2024 2023 Bank overflrafts 8ank loans Other bans 2,888 (755) 12.807 438 617 16,447 14,940 17,502 Payable wtthin one year Payable after one year 2,133 12,807 1.055 16,447 14 Credltors: amounts falling due wlthin on• year 2024 2023 Notes Bank loans and overdrafts other taxation and social security Trade ¢ditorS 13 2,133 4,892 16.984 1,055 955 8,Cw)2 24,009 10.012 1S Cr6dltors: amounts falling due aftér more than one year 2024 2023 BoTrovAngs 12.807 16.447 18 Retirement bwefft schemes 2024 2023 Defined contrilxrtion schames Charge to profit or loss In respect of defined ccfitribution s¢hem8S 3.179 531 The charity operdtes a defined contribution pensicm scheme for all qualrfying employees. The assets of the heme are held separately from those of the Charity in an independenty administer8d fund. 13-
COWRAN CARE LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 29 APRIL 2024 17 Rostrlcted funds The restrrcted funds of the charity comprise the unexpended balances of donatlons and grants held on trust subject to speufic condltions by donor5 as to how they may be used. At 30 April 2023 Incoming Resources resourcps expended At 29 April 2024 18.414 33,000 (39,329) 12,085 Provlous year. At 30 Aprll 2022 Incoming resources Resources expended At 29 Aprfl 2023 36,176 (20,562} 18,414 18 Unrestrlctsd funds The unrestricted ftjnds of the charity comprise the unexpended balances of donations and grants which are not subject to spectfic conditions by donors and grdntors as to how they may be used. These indude designated funds which have been set aside out of unrestricted funds by thé Irustees for specific purposes. At 30 Aprll 2023 Incoming rèsources Resources expended At 29 Aprfl 2024 General funds 9.584 20,821 {19,692) 10,713 Prevlous year: At 30 April 2022 Incoming r950urco3 Resources expendèd At 29 April 2023 General furKIs 8,573 39,983 {38,972) 9,584 20 Related party transactlons There were no disdosable related party transactions during the year12023 - non8). 14-