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2022-03-31-accounts

Centre For Outcomes Of Care

Charity No. 1189874

Company No. 10996449

Trustees' Report and Unaudited

Accounts

31 March 2022

Centre For Outcomes Of Care

Pages
Trustees' Annual Report 2
3
Statement of Financial Activities 4
Summary Income and Expenditure Account 5
BalanceSheet 6
Statement of Cash fows 7
Notes to the Accounts 8 to 14
Detailed Statement of Financial Activities 15 to 16

Page 1

Centre For Outcomes Of Care

The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 March 2022.

REFERENCE AND ADMINISTRATIVE DETAILS

Company No. 10996449

Charity No.

1189874

Registered

Office

Unit 1 Strands Barn Strands Barn Lane Hornby Lancaster LA1 8JF

Directors and Trustees

The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:

H. Gallagher (Resigned 20 September 2022) J. Kendal (Resigned 20 September 2022) J. Stanley (Resigned 15 December 2021)

Accountants

Meiring & Co Unit 1 Strands Barn Strands Farm Lane Hornby Lancaster LA2 8JF

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).

Signed on behalf of the board

Page 2

Centre For Outcomes Of Care

H. Gallagher Trustee

22 March 2023

Page 3

Centre For Outcomes Of Care

Independent Examiner's Report to the trustees of Centre For Outcomes Of Care

I report to the charity trustees on my examination of the financial statements of Centre For Outcomes Of Care for the year ended 31 March 2022 which comprise the Statement of Financial Activities, the Summary Income and Expenditure Account, the Balance Sheet, the Statement of Cash Flows and the related notes.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's financial statements 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.

Independent examiner's statement

I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that:

I have no concerns and have come across 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.

Andrew Meiring FCCA Meiring & Co Unit 1 Strands Barn Strands Farm Lane Hornby Lancaster LA2 8JF 22 March 2023

Page 3

Centre For Outcomes Of Care Statement of Financial Activities

Notes
Income and
endowments
from:
Other trading activities
4
Other
5
Total
Expenditure on:
Other
6
Total
Net gains on investments
Net income/
(expenditure)
7
Transfers between funds
Net income/
(expenditure)
before other gains/(losses)
Other gains and losses
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestrict
ed
fund
s
202
2
£
24,566
11,364		 Total
funds
2022
£
24,566
11,364		 Total
funds
2021
£
16,713
22,764
35,930
34,805		 35,930
34,805		 39,477
71,994
34,805
-		 34,805
-		 71,994
-
1,125
-		 1,125
-		 (32,517)
-
1,125 1,125 (32,517)
1,125
(11,529)		 1,125
(11,529)		 (32,517)
20,988
(10,404) (10,404) (11,529)

Page 4

Centre For Outcomes Of Care Summary Income and Expenditure Account

Income
Gross income for the year
Expenditure
Depreciation and charges for
impairment of fxed assets
Total expenditure for the year
Net income/(expenditure) before
taxfor the year
Net income /(expenditure )for the year		 202
2
35,930
35,930
34,223
582
34,805
1,125
1,125		 202
1
39,477
39,477
71,412
582
71,994
(32,517)
(32,517)

Page 5

Centre For Outcomes Of Care Balance Sheet

at 31 March 2022

Company
109964
Note
Fixed assets
Tangibleassets
9
Current assets
Debtors
10
Cash at bank and in hand
Creditors: Amount falling due within one year
11
Net current liabilities
Total assets less current liabilities
Net liabilities excluding pension asset or
liability
Total net liabilities
The funds of the charity
Restricted funds
12
Unrestricted funds
General funds
12
Reserves
12
Total funds		 202
2
814
814
144
-
144
(11,362)
(11,218)
(10,404)
(10,404)
(10,404)
(10,404)
(10,404)
(10,404)		 202
1
1,396
1,396
144
5,585
5,729
(18,654)
(12,925)
(11,529)
(11,529)
(11,529)
(11,529)
(11,529)
(11,529)

These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

For the year ended 31 March 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the board on 22 March

2023 And signed on its behalf by:

H. Gallagher Trustee

22 March 2023

Page 6

Centre For Outcomes Of Care

for the year ended 31 March 2022

Cash fows from operating activities
Net income/(expenditure) per Statement of Financial
Activities
Adjustments for:
Depreciation of property, plant and equipment
Dividends, interest and rents from investments
Decrease in trade and other receivables
Decrease in trade and other payables
Net cash used in operating activities
Cash fows from investing activities
Dividends, interest and rents from investments
Net cash from investing activities
Net cash from fnancing activities
Net decrease in cash and cash equivalents
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
Components of cash and cash equivalents
Cash and bank balances
Bankoverdrafts		 2022
£
1,125
582
(11,364)
-
(7,299)
(16,956)
11,364
11,364
-
(5,592)
5,585
(7)
-
(6)
(6)		 2021
£
(32,517)
582
(22,764)
25,416
(8,493)
(37,776)
22,764
21,119
-
(16,657)
22,242
5,585
5,585
-
5,585

Page 7

Centre For Outcomes Of Care

for the year ended 31 March 2022

1 Accounting

policies Basis of

preparation

The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. Designated funds These are unrestricted funds earmarked by the trustees for particular purposes.

Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.

Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.

Income

Income is included in the Statement of Financial Activities (SoFA) when the Recognition charity becomes entitled to, and virtually certain to receive, the income of income and the amount of the income can be measured with sufficient reliability.

Income with Where income has related expenditure the income and related expenditure related is reported gross in the SoFA. expenditure

Donations and Voluntary income received by way of grants, donations and gifts is legacies included in the the SoFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims Income from tax reclaims is included in the SoFA at the same time as the on donations gift/donation to which it relates. and gifts These are only included in income (with an equivalent amount in Donated expenditure) where the benefit to the Charity is reasonably services and quantifiable, measurable and material. facilities Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable.

Page 8

Centre For Outcomes Of Care

Gains/(losses) This includes any gain or loss resulting from revaluing investments to on revaluation market value at the end of the year. of fixed assets Gains/(losses) This includes any gain or loss on the sale of investments. on investment assets

Expenditure

Recognition of expenditure

Expenditure on raising funds Expenditure on charitable activities

Expenditure is recognised on an accruals basis. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.

These comprise the costs associated with attracting voluntary income, fundraising trading costs and investment management costs. These comprise the costs incurred by the Charity in the delivery of its activities and services in the furtherance of its objects, including the making of grants and governance costs.

Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.

Other expenditureThese are support costs not allocated to a particular activity.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life: Fixtures, fittings 33% Straight line and equipment

Freehold investment property

Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are

recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Page 9

Centre For Outcomes Of Care Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Page 10

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period.

Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.

All exchange differences are are taken into account in arriving at net income/expenditure.

Leased assets

Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

2 Company status

The company is a private company limited by guarantee and consequently does not have share capital.

3 Statement of Financial Activities - prior year

Income and endowments from:
Other trading activities
Other
Total
Expenditure on:
Other
Total
Net income
Net income before
othergains/
(losses)
Other gains and losses:
Net movement in
fundsReconciliation
of funds:
Total funds brought forward
Total funds carried forward
4
Income from other trading activities
Children's social
careconsultancy
5
Otherincome
Government Covid-19
support		 Unrestrict
ed
£
24,566
24,566
Unrestrict
ed
£		 Unrestrict
ed
funds
2021
£
16,713
22,764
39,477
71,994
71,994
(32,517)
(32,517)
(32,517)
20,988
(11,529)
Total
202
2
£
24,566
24,566
Total
202
2
£		 Total
funds
2021
£
16,71
3
22,76
4
39,47
7
71,99
4
71,99
4
(32,517)
(32,517)
(32,517)
20,98
8
(11,529)
Total
202
1
£
16,71
3
16,71
3
Total
202
1
£

6 Other expenditure

6 Otherexpenditure
Unrestrict Tota Tota
ed l l
202 202
£ 2 1
£ £
Subcontractorcosts - - 10,80
0
Advertising 115 115 142
Employeecosts 26,897 26,897 37,33
9
Motor and travel costs 167 167 3,070
Premises costs - - 1,040
Amortisation,
depreciation, 582 582 582
impairment, proft/loss
on
disposal of fxed assets
General administrative costs 4,428 4,428 5,464
Legal and professional costs 2,616 2,616 13,55
7
34,805 34,805 71,99
4
7 Net income/(expenditure) before transfers
2022 2021
This is stated after charging: £ £
Depreciation of owned fxed assets 582 582
8 Staf costs
2022 2021
Salaries and wages 26,250 35,00
0
Social security costs 647 647
26,897 35,64
7

The average monthly number of full time equivalent employees during the year was as follows:

Children's social care
consultancy		 2022
Number
1
1		 2021
Number
1
1

9 Tangible fixed assets

9
Tangible fxed assets
Cost or revaluation
At 1 April 2021
At 31 March 2022
Depreciation and
impairment
At 1 April 2021
Depreciation charge for
theyear
At 31 March 2022
Net book values
At 31 March 2022
At 31 March 2021
10Debtors
Prepayments and accrued income
11 Creditors:
amounts falling due within one year
Bank loans and overdrafts
Tradecreditors
Other taxes and social security
Othercreditors
Accruals
12 Movement in funds
At 1 April
2021		 2022
£
144
144
2022
£
6
656
10,380
(1,056)
1,376
11,362
Incomin
g
resourc
es
(includi
ng
other
gains/loss
es
)
£		 Fixtures,
fttings
and
equipme
nt
£
2,020
2,020
624
582
1,206
814
1,396
Resource
s
expende
d
£		 Total
£
2,020
2,020
624
582
1,206
814
1,396
2021
£
144
144
2021
£
-
2,478
8,779
6,022
1,375
18,65
4
At
31
Marc
h
202
2
£

Restricted funds:

Unrestricted funds:
General funds
Total funds		 (11,529)
(11,529)		 35,930
35,930		 (34,805)
(34,805)		 (10,404)
(10,404)

13 Analysis of net assets between funds

Unrestrict
ed
funds
£
Fixed assets
814
Net current assets
(11,218)
(10,404)
Reconciliation of net debt
At 1 April
2021
Cash fows
£
£
Cash and cash equivalents
5,585
(5,585)
Bankoverdrafts
-
(6)
5,585
(5,591)
Net debt
5,585
(5,591)
Related party disclosures
2022
Transactions with related parties
£
Name of related party
MarkKerr
Description of
relationshipbetween
the parties
Description of
transactionand
general amounts
involved
Employee of the charity
The charity maintains a loan account for
expenses to be reimbursed incurred by the
employee on the charity's behalf.
Amount due from/(to) the related party
-
Controlling party		 Total
£
814
(11,218)
(10,404)
At31
March
2022
£
-
(6)
(6)
(6)
2021
£
(5,800)

14 Reconciliation of net debt

15 Related party disclosures

Centre For Outcomes Of Care Detailed Statement of Financial

for the year ended 31 March 2022

Income and endowments from:
Other trading activities
Children's social care consultancy
Other
Government Covid-19 support
Total income and endowments
Expenditure on:
Other expenditure
Subcontractor costs
Advertising
Employeecosts
Salaries/wages
Employer'sNIC
Staf training
Motor and travel costs
Travel and subsistence
Business mileage costs
reimbursed
Other premises costs
General administrative costs,
including depreciation and
amortisation
Depreciation of Fixtures, fttings
andequipment
Bank charges
Equipment repairs and
maintenance
Generalinsurances
Software, IT support and related
costs
Stationery and printing
Subscriptions
Sundryexpenses		 Unrestrict
ed
funds
2022
£
24,566
24,566
11,364
11,364
35,930
-
115
115
26,250
647
-
26,897
167
~~-~~
167
-
-
582
122
29
-
781
652
216
2,265		 Total
funds
2022
£
24,566
24,566
11,364
11,364
35,930
-
115
115
26,250
647
-
26,897
167
~~-~~
167
-
-
582
122
29
-
781
652
216
2,26
5		 Total
funds
2021
£
16,713
16,713
22,764
22,764
39,477
10,800
142
10,942
35,000
647
1,692
37,339
316
~~2,75~~
~~4~~
3,070
1,040
1,040
582
83
312
1,02
4
2,43
1
199
144
303

Page 17

Legal and professional costs
Accountancy and bookkeeping
Consultancyfees
Other legal and professional
costs
Total of expenditure of other costs
Total expenditure
Net gains on investments
Net income/(expenditure)
Net income/(expenditure) before
other gains/(losses)
OtherGains
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 5,010
1,465
1,116
35
2,616
34,805
34,805
-
1,125
(11,529)
(10,404)
1,12
5
1,125
-		 5,010
1,46
5
1,11
6
35
2,616
34,805
34,805
-
1,125
(11,529)
(10,404)
1,12
5
1,125
-		 6,046
1,14
0
1,27
1
11,14
6
13,557
71,994
71,994
-
(32,51
7)
(32,517)
-
(32,517)
20,988
(11,529)

Centre For Outcomes Of Care Limited's 2021-22 Accounts

Final Audit Report

2023-04-14

Created: 2023-03-29 By: Status: Mark Kerr (mark@outcomesofcare.com) Signed Transaction ID: CBJCHBCAABAA-bmkcp5WJOE6VwP3ZXFt_86OPb3qiC0l

"Centre For Outcomes Of Care Limited's 2021-22 Accounts" His tory

Document created by Mark Kerr (mark@outcomesofcare.com) 2023-03-29 - 3:15:57 PM GMT- IP address: 149.86.178.221

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