Company reglstration number,. 07222332 Charity reglstratlon number.. 1157412 COWRAN CARE LTD TRUSTEES. REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 APRIL 2025 Redhead Accountsncy Ltd
Cowran Care Ltd Contents Pag¢ Trustees, Report 1-4 Independent Examiner'5 Report statement of Financial Artlvltles Ilncludlng Income and Expenditure Account) Balan Sheet Notes to the Financial Statements 8-12
Cowran Care Ltd Company No. 07222332 Trustees. Report For The Year Ended 29 April 2025 The trustees present thelr report and the financial statements for the year ended 29 Apri5 2025. Objectlves and Actlvltles Aim$ and Objectlves l) To advance in life and relieve needs of children and young people through the provision of fami based artivities designed to advance education and develop their skills, capacities and capabilities to enable them to participate in society as mature and responsible individuals. 2} To relieve the needs of people who are experiencing long term unemployrnent or who are recavering from physical or mental illness by providing farm based activities designed to develop their skills and improve their conditions of life Slgnlflcant Activities AcrivrriES May 24 to April 25 Thi5 year the charity undertook a significant change in target groups. Recognising the greatly increasing number of disadvantaged young people who are NE (Not in Employment, Education or Training} the charity determined to prioritise this over work with schools, thus moving to an older age group. We still work with U16 who are, for whatever reason. out of school but our emphasis is now aimed at an older group. Discu55ions have started with Job Centre Plus as it is apparent that they have a number of clients who have considerable barrier5 to employment and need work experience, SUPPDrt and vocational trainlng A5 a result of this new strategy, the income from schools and EHCP ha5 declined and been replaced by Donatlons and Grant Fundlng. We believe that thi5 target group are so In need that offering them support is in line with our charitsble aims There are stlll three areas to our work l. The Underl6, We have worked with a srnall number of young people who are not currently in school b. They Struggle with the environment and academic work in a school atmosphere, and are most capable in an outdoor environment c. They may have mental health issues, or complicated home and social lives. d. Schools have increasing numbers of young people requlrlng aEternative curriculum, whlch we are able to offer. 2. Post 16 Education Young people wlth Hlgher Level needs a, When young people with Higher Level needs leave sch¢)ol they often do not have the ablllty or qualifications to go to Sixth Form or College. This leads to a lack of confidence and motivation and a loss of bellef in their self-worth. These are issue5 that Cowran Care has the environment and resources to addres5 b. Our aim is to allow these young people to progress and achieve their full potential both In their quality of life and direction towards employment, further training or volunteerlng c. As many of them are without qualifications, undertaklng Vocational Training is an ImpDrtant element. Animals and the outdoors are also beneficial. d. We celebrate the success of these young people, who have achieved up to Level 2 Diploma qualifications, as well as huge improvements in confldence and resilience 3. Development of Youth Work a. Thi5 is the third year of the Better Tomorrow funding progrdmme and so we have been worklng towards obtaining funding so that we can continue the programme. b. The farm environment and our resources of staff and animals, open air and land are exceptional tools in working with young people more Informally in Youth Work situations. c. BEFtER TOMORROW i. We received our third year grant from BEER TOMORROW in November, so this year needed to focus on sustainability, so the work could continue into the future ii. The goal of this initiative is to traSn a new generation of Youth Workers across Cumbria, increasing numbers and skills and extending the range of engagement of youth people. We are making progress with this iii. We have developed areas of youth work l. A Saturday morning club known as ACARE 2. A volunteer based (16-25} work preparation project 3. Holiday club on the farm As part of the requirement for change we also undertook l. Preparatory work with the DWP. This bore fruit in Sept 25 We began to work with the DWP Job Centre, forming a partnership in the Auturnn of 25 to tske 18-24+ young work placements to work and learn on the farm. b. We piloted this work with existing volunteers and beneficiaries of the SHOOTS Project from Sept 24. The outputs were positive and allowed us to both begin negotiation5 With DWP and stsrt seeking funding to take this work forward. 2. Work on expanding and renewing the community garden l orchard / wilding area 3. Work with Volunteers 4. Work with students aged 16+ who Came bèck to finish their qualifications. Unfunded a. 5 of these have now achleved there L2 1 L2 Dlploma qualifications 5, Work with sheep flocks, pigs. smèll animals, land management 6, Approached trusts and foundations for fundlng .CONTINUED Pdge I
Cowran Care Ltd Trustees, Report {¢ontinued) For The Year Ended 29 Aprll 2025 Slgnlflunt Actlvltles - ntInUed 7. Undertook further development of the SHOOTS PROJEcr to expand It Into the 18-26 age groups to help people to overcome their barriers to work. This enables them to benefit from a programme of work experience and practlce, learn vocational skills with qualifications and life skills 8. We CHANGED our key target group from school pupils (11-16) struggllng In Mainstream Education, to an older group (16-26) who are NEET a. These are often in long-tem unemployment, with complex higher level needs and consequently Ilttle motivatSon or aspiration to succeed b. Many have poor mental health, poverty, disability. frdgile home and peer relationships, poor 50clal and communication skills c. There are very high numbers of this group in the Barrow and Furness area. Nationally there are over a million NE young people 16-24 d. School students {11-16) can access help within the school system. but these older young people are "stuck and isolated" without support. Our resources and training readily matches their needs in work preparation and skllls training 9. We still work with a small group of students 14-16 who are privately funded Public Benefit The trustees confimi that they have complied with the requirements of Settion 17 of the Charfties Act 2011 to have due regard to the Charlty Cornmlsslon's guidan on public benefft. A¢hlevements and Perform¥n¢• Maln Achlevements The Trustees would like to express their gratitude to the following for funding asslstance to our work. Prlvate Benefactor £15,000 King Charles Charitable Fund £ 1.000 Better Tomorrow (Third Year) £15,000 Sir John Fisher Foundation £3.755 Keswick to Barrow Walk £ 800 AWARDS for ALL £18,000 Donibee Charitable Trust £ 2,500 REVIEW OF PROGRESS AND ACHIEVEMENT Skllls and Education Awards provided our natlonal accreditation and we had students progresslng through the year on varlety of qualification. We have now addeé Horticulture to our ColcUluM The Company provided work experience in a wlde range of land-ba5ed activities, includlng Anlmal Care, Agriculture, Hortlculture, Land Management. All students received support in thelr Ilfe skills which enabled them to overcome thelr barriers to leamlng so that they can become economically actlve In thelr home communities. Financial Revlew Flnanclal Posltlon REVIEW OF FINANCIAL AcrtVlTtES and AFFAIRS Our new emphasis on work preparation with NEET 16-24 year old5 ha5, in the short term, made it challenging for us in Financial temis. However, as we are now gaining funding from not just one source (ie the Education Authority) but a variety of purchasers, donors and charitable foundation Sources, this diversity will reduce the risk. Also, in the future there will be opportunitie5 for Central Government funding coming into Barrow-In-Fumess and aimed at reducing the NEET population. In 23124, our wor1( with school students and Higher Level Need5 individuals was paid for by the Education Authority who had become our major source of income. When we change our strategy in Spring 24 this had to be replaced by funds from Grant maklng Trusts and private Donatioris. These changes to our funding sources gave us a very demanding and challenging year which will we believe facilitate the growing strength of our financial base as our work produces good results and positive outcomes, getting more young people into work We continue to pay back the government supported Boun Bank Loan. RESERVES POLICY The Trustees had set a taryet of having a reserve of three months expendlture by 2026. We assess that COVED has put this back to 2030. RISK MANAGEMENT The Finance Manager maintain5 a Risk Register, and this Is revlewed by the Trustees annually Page 2
Cowran Care Ltd Trustees. Report (continued) For The Year Ended 29 April 2025 Reference and Administratlve Detslls Trustres Mr5 Vanda Brown Ms Jayne Brearley Miss Rachel Diss - Chalr Mr Mike Diss Mrs Alison Smith Other Personnel Mr5 Anne Diss MBE BL - Prlncipal Charlty Number 1157412 Company Number 07222332 Independent Examiner Redhead Accountancy Ltd Redhead Accountancy Ltd Chartered Accountants Bank House Grlffln Street 8roughton-In-Furness Cumbrla LA20 6HH Page 3
Cowran Care Ltd Trustees. Report (contlnued) For The Year Ended 29 April 2025 The trustees, report was approved by the board of trustees and slgned on its behalf by: Mr Mike Diss Trustee Date Page 4
Cowran Care Ltd Independent Examiner's Report to the Trustees of Cowran Care Ltd For The Year Ended 29 April 2025 I report to the charity trustees on my examination of the acctsunts of the Company for the year ended 29 Aprll 2025. Responsibilities and Basis of Report As the charity trustee5 of the Company (and also its director5 for the purposes of company law)1 you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 {"the 2006 Art?. Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Art and are eligible for independent examination. I report in respect of my examination of your charity s accounts as carried out under section 145 of the Charities Act 2011 Cthe 2011 Art.). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) {b) of the 2011 Act. Independent Examlner's 5tatem¢nt I have completed my examinatlon. I confimi that no matters have come to my attention in connectlon wlth the examlnatlon giving me cause to believe.. l. accounting records were not kept In respert of the Company as required by sectlon 386 of the 2006 Art: or 2. the accounts do not accord wlth those records,. or 3. the accounts do not comply wlth the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts glve a 'true and fair view, whlch is not a matter considered as part of an Independent examination,. or 4. the accounts have not been prepared in accordance wlth the methods and prlnciples of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing thelr accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Lreland IFRS 102). I have no concern5 and have come across no other matters in connection with the exarnination to whlch attention should be drawn in this report in order to enable a proper understsnding of the accounts to be reached. Redhead Accountancy Ltd Date Bank House Griffin Street Broughton-in-Furness Cumbrla LA20 6HH Page 5
Cowran Care Ltd Statement of Financlal Actlvlties (including Income and Expenditure Account) For The Year Ended 29 April 2025 2025 2024 Unrestrfrted Restricted funds funds Total fund$ Unrestrlcted funds Notes INCOME AND ENDOWMENTS FROM: Donations and legacies Inve5trnents 37,628 25.755 63,383 20.754 67 37,628 25.755 63,383 20,821 EXPENDrnIRE ON: Raising fund5 (49,325) {31,513) (80,838) (19,692) NEf (EXPENDrnIRE)IINCOME (11.697) (5,758) (17.455) 1,129 NET MOVEMENT IN FUNDS RECONCIUATION OF FUNDS: Total funds brought forward (11,697) (5,758) (17,455) 1.129 10,713 12,085 22,798 9.584 TOTAL FUNDS CARRIED FORWARD 16 (984) 6,327 5,343 10,713 The notes on page5 8 to 12 form part of these financial statements. Page 6
Cowran Care Ltd Balance Sheet As At 29 April 2025 2025 2024 Unr¢strlcted Restricted funds funds Total funds Total funds Notes FIXED ASSErs Tangible Assets io 550 550 CURRENT ASSETS Debtors Cash at bank and in hand li 48.000 20 48.000 20 59,815 48,020 48.020 59,819 Creditors: Amounts Falling Due Wlthln One Y•ar 12 (27.233) (2,916) (30,149) (24,764) NEf CURRENT ASSEfs (LIABILITXES) 20.787 (2,916) 17.871 35,055 TOTAL ASSEfs LESS CURRENT UABILITIES 20.787 (2,916) 17,871 35,605 Creditors: Amounts Falling Due After More Than One Year 13 (12.528) (12.528) (12,807) ASSErs 8,259 (2,916) 5.343 22,798 FUNDS OF THE CHARITY Restricted Funds Unrestricted Funds 6.327 (984) 10,713 TOTAL FUNDS 16 5,343 10,713 For the year ending 29 April 2025 the charitsble company was entitled to exemption from audit under 5ertion 477 of the Companles Act 2006 relating to small companies. The members have not required the charitsble company to obtain an audlt In accordance with sectlon 476 of the Companles Act 2006, The trustees acknowledge thelr responslbllltles for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared and delivered In accordance wlth the provisions applicable to companies subject to the small companies regime. On behalf of the board Miss Rachel Diss Date lJ*126 The notes on pages 8 to 12 fomi part of these financial statements. Page 7
Cowran Care Ltd Notes to the Flnanclal Statements For The Year Ended 29 Aprll 2025 l. General Inforniation Cowran Care Ltd is a company limited by guarantee. incorporated in England & Wales, registered number 07222332 and registered charity number 1157412. The registered office is . 2. Accounting Policies 2.1. Basis of Preparation of Nnanclal Statements The financial ststement5 have been prepared in attordance with the Charities SORP {FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice appllcable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102) {effective I January 2019). Financial Reporting Standard 102 Yhe Financlal Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Art 2006. The charitsble company is a Publlc Benefit Entity as defined by FRS 102. 2.2. TJnglbl• Flx•d AM•t$ and D¢pro¢iatlon Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provlded at rates calculated to write off the cost of the fixed assets, less their estimated residval value, over thelr expected useful Ilves on the followlng bases: 2.3. Cash and Cash Equlvalents Cash and cash equlvalents are basic financial assets and include cash in hand and deposits held at call wlth banks, other short-tem) highly liquid investments that mature in no more than th months from the date of acqulsltlon and are readlly convertlble to a known amount of cash with insignificant risk of change in value. and bank overdrafts. 3. Income from Donatlons and Logacles 2025 Unre$trlcted R•strirt•d Total funds funds funds Donation5 and gifts Gift aid Grants 27.553 10.075 25.755 53,308 10,075 37.628 25,755 63,383 2024 Unrestslcted Restricted Total funds funds funds Donatlons and glfts Glft ald Grants 13,209 13,209 7,545 7.545 20,754 20,754 4. Invment Income 2025 2024 Unr•$trirt•d Unrestrlrted funds funds Bank interest receivable 67 Page 8
Cowran Care Ltd Notes to the Financial Statements (continued) For The Year Ended 29 April 2025 5. Net Incomel(Expenditure} The net {expenditure)lincome is Stated after chargingl(crediting): 2025 2024 Depwlation of tangible fixed assets - owned 550 550 6. Analysls of Expendlture 2025 Artlvitles undertaken dlrectly Support {5ee note 7) Totsl Raising funds 22,782 58,056 80,838 2024 Actlvltl•s undertaken dlrectlv Support (see note 7) Total Raising fund5 8,000 11,692 19,692 7. Support Costs 2025 Ralsing funds Employee costs General administration Depreciation Interest payable 46,998 9,733 550 775 58,056 2024 Ralslng funds Employee costs General adminlstratlon Depreclatlon Interest payable 7.261 3.261 550 620 11.692 Page 9
Cowran Care Ltd Notes to the Financlal Statements (continued) For The Year Ended 29 April 2025 8. Staff Costs Stsff costs were as follows: 2025 2024 Wages and salaries other pension costs 42,683 1,085 3,802 3.179 43,768 6.981 No employees recelved employee benefrts {excluding employer pension costs) for the reportlng perlod of more than £60,000. 9. Av¢ra9e Number of Employees Average number of employees durlng the year was: 6 (2024.. ) 10. Tanglble Assets Plant & Machlnery Cost As at 30 April 2024 2,750 As at 29 Aprll 2025 2,750 Depr•dJtlon As at 30 April 2024 Provided during the period 2,200 550 As at 29 April 2025 2,750 Net Book Value As at 29 April 2025 As at 30 Aprll 2024 550 11. Debtors 2025 2024 Due wlthln one year Trade debto Other Ljebtors 20.000 28.000 31.060 28,755 48.000 59.815 12. Creditors: Arnounts Falling Due Within One Year 2025 2024 Trdde credltors Bank loans and overdrafts Other creditors 17,772 2,948 6,359 3,070 16,984 2,888 Taxation and social securfity 4,892 30,149 24,764 Page 10
Cowran Care Ltd Notes to the Financlal Statements (contlnued) For The Year Ended 29 April 2025 13. Creditors: Amounts Falling Due Aftèr Mora Than One Year 2025 2024 Other loans 12,528 12,807 14. Loans An analysis of the rnaturity of loans Is given below.. 2025 2024 Amounts falling due between one and five years: Other loons 12,528 12,807 15. Penslon Commitments The charltsble company operates a deflned contribution penslon scheme. The assets of the scheme are held separately from those of the charitable company In an Independently adminlstered fund. Durlng the year the charge to the statement of flnancial activities in respect of defined contrlbutlon schemes was £1,085 (2024: £3.179). At the balance sheet date contributions of £NIL were due to the fund and are included in creditors. 16. Movernent in Funds Asat30 Aprll 2024 Asat29 Expendlture April 2025 Income Unrestrlcted fund$ General: General unrestrltted fund Restricted funds Restricted 10,713 37,628 {49,325) (984) 12,085 25,755 (31,513) 6,327 Total funds 22,798 63,383 (80,8381 5,343 Asat30 Aprll 2023 Asat29 Expenditure April 2024 Income Unre$trirted funds General- General UnStriCted fund 9,584 20,821 (19.692) 10.713 Totsl funds 9,584 20,821 {19.692) 10.713 17. Transactlons with Trustees Durlng the year the expenses reimbursed to the trustees or paid directly to third parties were as follows: 2025 2024 Page 11
Cowran Care Ltd Notes to the Financial Statements (continued) For The Year Ended 29 April 2025 18. Related Party Dlsclosures 19. Company limlted by guarantee The company is Ilmlted by guarantee and ha5 no Sho capital. Every member of the company undertakes to contribute to the assets of the company, in the event r)f a wlnding up, such an amount as may be required not exceeding El. Page 12