## **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:
- accounting records were not kept in accordance with section 386 of the 2006 Act ; or
- the financial statements do not accord with those records; or
- the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination; or
- the financial statements have not been prepared in accordance with the Charities SORP (FRS 102).
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.
- Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
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
10**Debtors**
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
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