Charity number: 1187776 Company number: CE020576
Codebar
Trustee's report and financial statements
for the year ended 30 April 2021
Codebar
Contents
| Page | |
|---|---|
| Legal and administrative information | 1 |
| Trustee's report | 2 - 4 |
| Independent examiners' report | 5 |
| Statement of financial activities | 6 |
| Balance sheet | 7 - 8 |
| Notes to the financial statements | 9 - 11 |
Codebar
Legal and administrative information
Charity number 1187776 Company registration number CE020576 Business address International House 24 Holborn Viaduct London EC1A 2BN Registered office International House 24 Holborn Viaduct London EC1A 2BN Trustee Kimberley Dawn Cook Krisztina Matyi Despo Pentara Gale Priyadarshini Krishnaji Patil Kara Christine de Young de la Marck Duoyi Zhao Jarkyn Soltobaeva Accountants Lohur & Co Ltd Ground Floor 35 New England Road Brighton East Sussex BN1 4GG
Page 1
Codebar
Report of the trustee (incorporating the director's report) for the year ended 30 April 2021
The trustee presents her report and the financial statements for the year ended 30 April 2021. The trustees, who are also directors of Codebar for the purposes of company law and who served during the year and up to the date of this report are set out on page 1.
Structure, governance and management
The Company was incorporated on 26th May 2017 and is limited by guarantee. Charitable status was granted on 4th February 2020.
The trustees, who are also the directors for the purpose of company law, and who served during the period were:
Ms Kimberley Dawn Cook Ms Krisztina Matyi (Appointed DATE) Ms Kara Christine De Young De La Marck Ms Priyadarshini Krishnaji Patil Ms Despo Pentara Gale Ms Jarkyn Soltobaeva Ms Duoyi (Charlotte) Zhao
All of the above trustees were appointed on the 4th February 2020.
The power of appointing new or additional trustees is vested in the trustees.
None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.
Trustees are expected to identify their training needs and to take measures to ensure these needs are met.
The trustees are responsible for the day-to-day matters and the management of the Company.
The trustees have assessed the major risks to which the Company is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
Objectives and activities
To create a safe space for minority group members to learn to program for free. They do this by running free programming workshops and events. As a result community members go on to start a new career in the technology industry.
Our mission is give women and minorities access to free programming education to further their career prospects.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Company should undertake. The trustees consider that the activities satisfy the public benefit requirements.
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Report of the trustee (incorporating the director's report) for the year ended 30 April 2021
Achievements and performance
2020/21 was a significant year for codebar. The major achievements/ milestones were:
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215 free workshops and events for our community
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2600 - total number of attendances from our free events
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215 free workshops and events for our community
2020/21 saw codebar run more one-off events than any year previously. Running events virtually meant that we did not need to find space, we ran them on Zoom and then opened them up to all community members.
2. 2600 - total number of attendances from our free events
Due to all events and workshops being online this year, we were able to open them up to all community members, rather than a specific location, which resulted in bigger attendance numbers, and more people getting access to free resources. Some feedback includes:
I found the codebar workshop looking for initiatives that help women code. I think it was an amazing experience! Thank you very much for the organization and I really thank my coach Max for the help and the tips.
Traction to date and where we are going:
Our charity has proven a great success with minority group members looking for a safe and inclusive environment to learn to code. As of 21 October 2021, 13,221 minority group members have had access to our free workshops and events.
By December 2021 we are aiming to have helped 20,000 minority group members learn to code.
Financial review
Most of our income in 2020/21 came from corporate partnerships and donations that amounted to £70,028
The balance sheet set out on page 5 of the financial statements shows the financial position of the Company at 31 May 2019.
As of 30 April 2021, current assets are represented by cash at bank of £29,014.
On behalf of the board of trustees Trustee's name : Kimberley Cook Trustee Dated: 21/10/21
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Report of the trustee (incorporating the director's report) for the year ended 30 April 2021
Statement of trustees' responsibilities
The trustees (who are also directors of Codebar for the purpose of company law) are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and which enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Small company provisions
This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006.
On behalf of the board
Kimberley Dawn Cook
Director
21 October 2021
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Independent examiner's report to the trustees on the unaudited financial statements of Codebar.
I report on the accounts of Codebar for the year ended 30 April 2021 set out on pages 2 to 11.
Respective responsibilities of trustees and independent examiner
The charity's trustees (who are also the directors of the company for purposes of company law) are responsible for the preparation of the accounts in accordance witht the requirements of the Companies Act 2006 ("the 2006 Act").
Having satisfied myself that the accounts of Codebar are not required to be audited under Part 16 of the 2006 Act and are eligible for the 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 ("the 2011 Act"). In carrying out my examination I have followed the directions given by the Charity Commission under Section 145(5)(b) of the 2011 Act.
Basis of independent examiner's statement
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
(i) which gives me reasonable cause to believe that in any material respect the requirements:
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to keep proper accounting records in accordance with section 386 of the Companies Act 2006; and
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to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities
have not been met; or
- (ii) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
...........................................................
Deepak Lohur
Association of Chartered Certified Accountants
Independent examiner
Lohur & Co Ltd 35 New England Road Brighton East Sussex BN1 4GG
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Statement of financial activities (incorporating the income and expenditure account)
For the year ended 30 April 2021
| Unrestricted funds Notes £ Incoming resources Incoming resources from generating funds: Voluntary income 2 70,028 Total incoming resources 70,028 Resources expended Purchases 40,989 Accountancy fees 600 Activity1 - Support - bank charges 25 Total resources expended 41,614 Net incoming/(outgoing) resources for the year / Net income/(expense) for the year 28,414 Total funds brought forward - Total funds carried forward 28,414 |
2021 Total £ 70,028 |
|---|---|
| 70,028 | |
| 40,989 600 25 |
|
| 41,614 | |
| 28,414 - |
|
| 28,414 |
The statement of financial activities includes all gains and losses in the year and therefore a separate statement of total recognised gains and losses has not been prepared.
All of the above amounts relate to continuing activities.
The notes on pages 9 to 11 form an integral part of these financial statements.
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Balance sheet as at 30 April 2021
| Notes Current assets Cash at bank and in hand Creditors: amounts falling due within one year 5 Net current assets Net assets Funds 6 Unrestricted income funds Total funds |
2021 £ £ 29,014 29,014 ) (600 28,414 28,414 28,414 28,414 |
2021 £ £ 29,014 29,014 ) (600 28,414 28,414 28,414 28,414 |
|---|---|---|
| 28,414 | ||
| 28,414 | ||
| 28,414 |
The Balance Sheet continues on the following page.
The notes on pages 9 to 11 form an integral part of these financial statements.
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Balance sheet (continued)
Trustee statements required by the Companies Act 2006 for the year ended 30 April 2021
In approving these financial statements as trustee of the company I hereby confirm:
(a) that for the year stated above the company was entitled to the exemption conferred by section 477 of the Companies Act 2006 ;
(b) that no notice has been deposited at the registered office of the company pursuant to section 476 of the Companies Act 2006 requesting that an audit be conducted for the year ended 30 April 2021.
(c) that I acknowledge my responsibilities for:
(1) ensuring that the company keeps proper accounting records which comply with section 386 of the Companies Act 2006, and
(2) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit or loss for the year then ended in accordance with the requirements of sections 394 and 395, and which otherwise comply with the provisions of the Companies Act relating to financial statements, so far as applicable to the company.
These financial statements are prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies .
The financial statements were approved by the board on 21 October 2021 and signed on its behalf by
Kimberley Dawn Cook Director
The notes on pages 9 to 11 form an integral part of these financial statements.
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Notes to financial statements for the year ended 30 April 2021
1. Accounting policies
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year.
1.1. Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Statement of Recommended Practice 'Accounting and Reporting by Charities' issued in March 2005 (SORP 2005) and the Companies Act 2006.
1.2. Cashflow
The charity has taken advantage of the exemption in FRS1 from the requirement to produce a cashflow statement because it is a small charity.
1.3. Incoming resources
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
Voluntary income is received by way of grants, donations and gifts and is included in full in the statement of financial activities when receivable. Grants where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.
Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included.
Gifts donated for resale are included as incoming resources within activities for generating funds when they are sold.
1.4. Resources expended
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes including the charity's shop.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management.
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Notes to financial statements for the year ended 30 April 2021
2. Voluntary income
| Unrestricted funds £ Donations 70,028 70,028 |
2021 Total £ 70,028 |
|---|---|
| 70,028 |
3. Employees
Employment costs
No salaries or wages have been paid to employees, including the trustee, during the year.
Number of employees
The average monthly numbers of employees (including the trustee) during the year, calculated on the basis of full time equivalents, was as follows:
| time equivalents, was as follows: | |
|---|---|
| 2021 | |
| Number | |
| Trustees | 7 |
4. Taxation
The charity's activities fall within the exemptions afforded by the provisions of the Income and Corporation Taxes Act 1988. Accordingly, there is no taxation charge in these accounts.
| 5. | Creditors: amounts falling due | |
|---|---|---|
| within one year | 2021 | |
| £ | ||
| Accruals and deferred income | 600 |
6. Analysis of net assets between funds
| Unrestricted funds £ Fund balances at 30 April 2021 as represented by: Current assets 29,013 Current liabilities ) (600 28,413 |
Total funds £ 29,013 ) (600 28,413 |
|---|---|
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Notes to financial statements for the year ended 30 April 2021
| 7. | Unrestricted funds | At | At | |||
|---|---|---|---|---|---|---|
| 05 February 2020 | Incoming | **Outgoing ** | 30 April 2021 | |||
| 2020 | resources | resources | 2021 | |||
| £ | £ | £ | £ | |||
| General purpose | - | 70,028 | (41,614 | ) | 28,414 |
8. Controlling interest
There are no controlling parties.
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The following pages do not form part of the statutory accounts.
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Detailed statement of financial activities
For the year ended 30 April 2021
| Incoming resources Incoming resources from generating funds: Voluntary income Donations Total incoming resources from generating funds Total incoming resources Resources expended Costs of generating funds: Cost of generating voluntary income Donations Donations - Festival costs Donations - Other charitable costs Total cost of generating voluntary income Fundraising trading: cost of goods sold and other costs Total costs of generating funds |
2021 £ £ 70,028 70,028 70,028 70,028 13,389 27,600 40,989 40,989 40,989 |
2021 £ £ 70,028 70,028 70,028 70,028 13,389 27,600 40,989 40,989 40,989 |
|---|---|---|
| 70,028 | ||
| 70,028 | ||
| 70,028 | ||
| 40,989 | ||
| 40,989 | ||
| 40,989 |
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Detailed statement of financial activities
For the year ended 30 April 2021
| Charitable activities Activity 1 Support costs Activity1 - Support - Professional - Accountancy Activity1 - Support - bank charges Activity 1 total expenditure Total charitable activity expenditure Net incoming/(outgoing) resources for the year |
2021 £ 600 25 625 625 625 28,414 |
2021 £ 600 25 625 625 625 28,414 |
|---|---|---|
| 625 | ||
| 625 | ||
| 28,414 |
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