Objectives and Activities:
The objects of the charity are to preserve and protect the physical and mental health of children and young people who experience social care by improving the social care service they receive by advancing the education of the public and all those involved in and responsible for children’s social care and by promoting an evidence-based approach to the development of policy, practice and services in children’s social care.
The charity furthers its charitable purposes for the public benefit through:
-
Providing learning events online and in person
-
Developing practice approaches for children’s social care
-
Carry out research for providers of children’s social care
-
Making representations to policymakers to develop appropriate polices for children and families at risk of or receiving social care
Structure, governance and management
The Centre for Outcomes of Care is a company limited by guarantee governed by its Memorandum and Articles of Association dated 9[th] June 2020. The Centre for Outcomes of Care is registered as a charity with the Charity Commission since 10[th] June 2020.
Appointment of trustees
As set out in the Articles of Association the number of trustees shall not be less than 3. The recruitment of trustees is undertaken through advertisement in appropriate media, and the board makes final appointment decisions by vote and resolution. In the financial year 2022 to 2023 the Centre for Outcomes of Care temporarily ceased all operations due to the impact of Covid. Due to this the charity did not have 3 trustees from 22[nd] September 2022, with only the Charity founder, Dr Mark Kerr as the only trustee.
Organisation
The board of trustees administer the charity. The board meets at least once a year.
- Related parties and co operation with other organisations
None of the trustees receive remuneration or other benefit from their work with the charity. Any connection between a trustee or senior manager with any service providers must be disclosed to the full board of trustees in the same way as any other contractual relationship with a related party. In the current year no such related party transactions were reported.
Summary of achievements during the period
The year 2023 to 2024 was focused on ensuring early adopters of TCOM and the Child and Adolescent Needs and Strengths ((CANS) assessments had successful implementations.
Page 4
Work was also undertaken with stakeholders, including national and local governments, fostering and residential care providers, to prepare for the broader rollout of the CANS assessments planned for Autumn 2024.
The awareness and interest in the CANS assessments continued to grow over the year. This was demonstrated when the CANS was included in the Greater Manchester funding bid to become a DfE funded Regional Care Cooperative. We are currently awaiting the outcome of this government bid process. However, it is a significant achievement that the CANS assessment was chosen out of the various approaches available.
A key requirement for successfully implementing the CANS assessments is an appropriately qualified workforce. During this year, in partnership with local authorities piloting the CANS, the Centre for Outcomes of Care supported the development of new recruitment and staff training programs for CANS assessors.
Overall, following the set backs during Covid, the year 2023 – 2024 has successfully developed the foundation for growth and impact in the next financial year.
Financial review
Trustees are aware of the reliability of the charity on income from charitable activities. Opportunities are being identified to secure grant funding during the next financial year.
Investment powers and policy
The trustees have powers to make investment decisions for unrestricted charitable funds and / or to delegate these decisions to a financial expert subject to an investment policy passed by resolution. To date there are no funds available for investment or expected in the near future.
Reserves policy and going concern
The charity has a reserves policy always to maintain 3 months of operational costs. Due to the impact of the Covid pandemic, the charity could not adhere to this. The charity continued to meet the going concern criteria.
Risk management
Following the impact of Covid, risk mitigation was put in place by ceasing operations in 2022 – 2023. This financial year had limited operations in preparation for full operations to restart in 2024 – 2025.
Plans for future periods
The charity plans to continue focusing on the TCOM England program as well as working toward securing core grant funding.
Page 4
Centre For Outcomes Of Care
Charity No. 1189874
Company No. 10996449
Trustee's Report and Unaudited Accounts
31 March 2024
Centre For Outcomes Of Care Contents
| Pages | ||
|---|---|---|
| Trustee's Annual Report | 2 | |
| Independent Examiner's Report | 3 | |
| Statement of Financial Activities | 4 | |
| Summary Income and Expenditure Account | 5 | |
| Balance Sheet | 6 | |
| Statement of Cash flows | 7 | |
| Notes to the Accounts | 8 to | 13 |
| Detailed Statement of Financial Activities | 14 to | 15 |
Page 1
Centre For Outcomes Of Care Trustees Annual Report
The trustee, who is also a director of the charity for the purposes of the Companies Act 2006, presents their report with the unaudited financial statements of the charity for the year ended 31 March 2024.
REFERENCE AND ADMINISTRATIVE DETAILS
Company No. 10996449
Charity No. 1189874
Registered Office
Unit 1 Strands Barn Strands Barn Lane Hornby Lancaster LA1 8JF
Director and Trustee
The Director of the charitable company are its Trustee for the purposes of charity law. The following Director and Trustee served during the year:
M.E. Kerr
Accountants
Meiring & Co Unit 1 Strands Barn Strands Farm Lane Hornby Lancaster LA2 8JF
The Trustee is 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 Trustee is 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
M.E. Kerr Trustee 06 December 2024
Page 2
Centre For Outcomes Of Care
Independent Examiners Report
Independent Examiner's Report to the trustee of Centre For Outcomes Of Care
I report to the charity trustee on my examination of the financial statements of Centre For Outcomes Of Care for the year ended 31 March 2024.
Responsibilities and basis of report
As the charity's trustee (and also a director 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:
-
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 methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (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 06 December 2024
Page 3
Centre For Outcomes Of Care Statement of Financial Activities for the year ended 31 March 2024
| Notes Income and endowments from: Other trading activities 4 Total Expenditure on: Other 5 Total Net gains on investments Net income/(expenditure) 6 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 |
Unrestricted funds 2024 £ 38,581 |
Total funds 2024 £ 38,581 |
Total funds 2023 £ - |
|---|---|---|---|
| 38,581 5,619 |
38,581 5,619 |
- 1,996 |
|
| 5,619 - |
5,619 - |
1,996 - |
|
| 32,962 - |
32,962 - |
(1,996) - |
|
| 32,962 | 32,962 | (1,996) | |
| 32,962 (12,400) |
32,962 (12,400) |
(1,996) (10,404) |
|
| 20,562 | 20,562 | (12,400) |
Page 4
Centre For Outcomes Of Care Summary Income and Expenditure Account for the year ended 31 March 2024
| Income Gross income for the year Expenditure Depreciation and charges for impairment of fixed assets Total expenditure for the year Net income/(expenditure) before tax for the year Net income /(expenditure )for the year |
2024 £ 38,581 38,581 5,619 - 5,619 32,962 32,962 |
2023 £ - |
|---|---|---|
| - | ||
| 1,182 814 |
||
| 1,996 | ||
| (1,996) | ||
| (1,996) |
Page 5
Centre For Outcomes Of Care Balance Sheet at 31 March 2024
| at 31 March 2024 Centre For Outcomes Of Care Balance Sheet |
|
|---|---|
| Company No. 10996449 Notes 2024 £ Current assets Debtors 8 21,165 Cash at bank and in hand 15,569 36,734 Creditors:Amount falling due within one year 9 (16,172) Net current assets/(liabilities) 20,562 Total assets less current liabilities 20,562 Net assets/(liabilities) excluding pension asset or liability 20,562 Total net assets/(liabilities) 20,562 The funds of the charity Restricted funds 10 Unrestricted funds 10 General funds 20,562 20,562 Reserves 10 Total funds 20,562 |
2023 £ - 1,590 |
| 1,590 (13,990) |
|
| (12,400) (12,400) |
|
| (12,400) | |
| (12,400) | |
| (12,400) | |
| (12,400) | |
| (12,400) |
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 2024 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 06 December 2024
And signed on its behalf by:
M.E. Kerr Trustee
06 December 2024
Page 6
Centre For Outcomes Of Care Statement of Cash flows for the year ended 31 March 2024
| Cash flows from operating activities Net income/(expenditure) per Statement of Financial Activities Adjustments for: Loss on disposal of tangible fixed assets (Increase)/Decrease in trade and other receivables Increase in trade and other payables Net cash provided by operating activities Net cash from investing activities Net cash from financing activities Net increase 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 |
2024 £ 32,962 - (21,165) 2,182 13,979 - - 13,979 1,590 15,569 15,569 15,569 |
2023 £ (1,996) 554 2,450 742 |
|---|---|---|
| 2,010 | ||
| - | ||
| - | ||
| 2,010 | ||
| (6) | ||
| 2,004 | ||
| 1,590 | ||
| 1,590 |
Page 7
Centre For Outcomes Of Care Notes to the Accounts
for the year ended 31 March 2024
- 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
-
Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
-
Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
-
Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.
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. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
Page 8
Centre For Outcomes Of Care
Notes to the Accounts
Expenditure
-
Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
-
Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities 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 expenditure These are support costs not allocated to a particular activity.
Taxation
The charity is exempt from corporation tax on its charitable activities.
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.
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.
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.
Page 9
Centre For Outcomes Of Care
Notes to the Accounts
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.
Page 10
Centre For Outcomes Of Care
Notes to the Accounts
3 Statement of Financial Activities - prior year
| Expenditure on: Other Total Net income Net income before other gains/(losses) Other gains and losses: Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 4 Income from other trading activities Children's social care consultancy 5 Other expenditure Advertising Motor and travel costs Premises costs Amortisation, depreciation, impairment, profit/loss on disposal of fixed assets General administrative costs Legal and professional costs 6 Net income/(expenditure) before transfers This is stated after charging: Depreciation of owned fixed assets |
Unrestricted £ 38,581 38,581 Unrestricted £ - 2,265 1,040 - 1,269 1,045 5,619 2024 £ - |
Unrestricted funds 2023 1,996 1,996 (1,996) (1,996) (1,996) (10,404) (12,400) Total 2024 £ 38,581 38,581 Total 2024 £ - 2,265 1,040 - 1,269 1,045 5,619 |
Total funds 2023 1,996 |
|---|---|---|---|
| 1,996 | |||
| (1,996) | |||
| (1,996) | |||
| (1,996) (10,404) |
|||
| (12,400) | |||
| Total 2023 £ - |
|||
| - | |||
| Total 2023 £ 43 52 - 814 127 960 |
|||
| 1,996 | |||
| 2023 £ 260 |
Page 11
Centre For Outcomes Of Care
Notes to the Accounts
7 Staff costs
The average monthly number of full time equivalent employees during the year was as follows:
| Children's social care consultancy 8 Debtors Trade debtors Other debtors 9 Creditors: amounts falling due within one year Other loans Trade creditors Other creditors Accruals 10 Movement in funds Restricted funds: Unrestricted funds: General funds Total funds 11 Analysis of net assets between funds Net current assets |
At 1 April 2023 (12,400) (12,400) |
2024 Number - 2024 £ 16,000 5,165 21,165 2024 £ 1,250 - 13,960 962 16,172 Incoming resources (including other gains/losses ) £ 38,581 38,581 |
Resources expended £ (5,619) (5,619) Unrestricted funds £ 20,562 20,562 |
2023 Number - 2023 £ - - |
|---|---|---|---|---|
| - | ||||
| 2023 £ 1,250 1,518 10,260 962 |
||||
| 13,990 | ||||
| At 31 March 2024 £ 20,562 |
||||
| 20,562 | ||||
| Total £ 20,562 |
||||
| 20,562 |
Page 12
Centre For Outcomes Of Care Notes to the Accounts
12 Reconciliation of net debt
| Reconciliation of net debt ntre For Outcomes Of Care es to the Accounts |
|||
|---|---|---|---|
| Cash and cash equivalents Borrowings Net debt |
At 1 April 2023 £ |
Cash flows £ |
At 31 March 2024 £ |
| 1,590 | 13,979 | 15,569 | |
| 1,590 (1,250) (1,250) 340 |
13,979 - - 13,979 |
15,569 (1,250) |
|
| (1,250) | |||
| 14,319 |
13 Related party disclosures
Controlling party
The charitable company is controlled by the Director and Trustee M.E. Kerr.
Page 13
Centre For Outcomes Of Care
Detailed Statement of Financial Activities for the year ended 31 March 2024
| Income and endowments from: Other trading activities Children's social care consultancy Total income and endowments Expenditure on: Other expenditure Advertising Motor and travel costs Travel and subsistence Business mileage costs reimbursed Premises costs Other premises costs General administrative costs, including depreciation and amortisation Depreciation of Loss on disposal of tangible fixed assets Bank charges Software, IT support and related costs Stationery and printing Telephone, fax and broadband Legal and professional costs Accountancy and bookkeeping Other legal and professional costs Total of expenditure of other costs Total expenditure Net gains on investments Net income/(expenditure) |
Unrestricted funds 2024 £ 38,581 38,581 38,581 - - 15 2,250 2,265 1,040 1,040 - - 69 42 798 360 1,269 960 85 1,045 5,619 5,619 - 32,962 |
Total funds 2024 £ 38,581 38,581 38,581 - - 15 2,250 2,265 1,040 1,040 - - 69 42 798 360 1,269 960 85 1,045 5,619 5,619 - 32,962 |
Total funds 2023 £ - |
|---|---|---|---|
| - | |||
| - 43 |
|||
| 43 | |||
| 52 - |
|||
| 52 | |||
| - | |||
| - | |||
| 260 554 69 58 - - |
|||
| 941 | |||
| 960 - |
|||
| 960 | |||
| 1,996 | |||
| 1,996 - |
|||
| (1,996) |
Page 14
| Net income/(expenditure) before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward Centre For Outcomes Of Care Detailed Statement of Financial Activities |
32,962 - 32,962 (12,400) 20,562 |
32,962 - 32,962 (12,400) 20,562 |
|
|---|---|---|---|
| (1,996) - |
|||
| (1,996) | |||
| (10,404) | |||
| (12,400) |
Page 15
Centre For Outcomes Of Care
Charity No. 1189874
Company No. 10996449
Trustee's Report and Unaudited Accounts
31 March 2024
Centre For Outcomes Of Care Contents
| Pages | ||
|---|---|---|
| Trustee's Annual Report | 2 | |
| Independent Examiner's Report | 3 | |
| Statement of Financial Activities | 4 | |
| Summary Income and Expenditure Account | 5 | |
| Balance Sheet | 6 | |
| Statement of Cash flows | 7 | |
| Notes to the Accounts | 8 to | 13 |
| Detailed Statement of Financial Activities | 14 to | 15 |
Page 1
Centre For Outcomes Of Care Trustees Annual Report
The trustee, who is also a director of the charity for the purposes of the Companies Act 2006, presents their report with the unaudited financial statements of the charity for the year ended 31 March 2024.
REFERENCE AND ADMINISTRATIVE DETAILS
Company No. 10996449
Charity No. 1189874
Registered Office
Unit 1 Strands Barn Strands Barn Lane Hornby Lancaster LA1 8JF
Director and Trustee
The Director of the charitable company are its Trustee for the purposes of charity law. The following Director and Trustee served during the year:
M.E. Kerr
Accountants
Meiring & Co Unit 1 Strands Barn Strands Farm Lane Hornby Lancaster LA2 8JF
The Trustee is 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 Trustee is 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
M.E. Kerr Trustee 06 December 2024
Page 2
Centre For Outcomes Of Care
Independent Examiners Report
Independent Examiner's Report to the trustee of Centre For Outcomes Of Care
I report to the charity trustee on my examination of the financial statements of Centre For Outcomes Of Care for the year ended 31 March 2024.
Responsibilities and basis of report
As the charity's trustee (and also a director 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:
-
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 methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (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 06 December 2024
Page 3
Centre For Outcomes Of Care Statement of Financial Activities for the year ended 31 March 2024
| Notes Income and endowments from: Other trading activities 4 Total Expenditure on: Other 5 Total Net gains on investments Net income/(expenditure) 6 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 |
Unrestricted funds 2024 £ 38,581 |
Total funds 2024 £ 38,581 |
Total funds 2023 £ - |
|---|---|---|---|
| 38,581 5,619 |
38,581 5,619 |
- 1,996 |
|
| 5,619 - |
5,619 - |
1,996 - |
|
| 32,962 - |
32,962 - |
(1,996) - |
|
| 32,962 | 32,962 | (1,996) | |
| 32,962 (12,400) |
32,962 (12,400) |
(1,996) (10,404) |
|
| 20,562 | 20,562 | (12,400) |
Page 4
Centre For Outcomes Of Care Summary Income and Expenditure Account for the year ended 31 March 2024
| Income Gross income for the year Expenditure Depreciation and charges for impairment of fixed assets Total expenditure for the year Net income/(expenditure) before tax for the year Net income /(expenditure )for the year |
2024 £ 38,581 38,581 5,619 - 5,619 32,962 32,962 |
2023 £ - |
|---|---|---|
| - | ||
| 1,182 814 |
||
| 1,996 | ||
| (1,996) | ||
| (1,996) |
Page 5
Centre For Outcomes Of Care Balance Sheet at 31 March 2024
| at 31 March 2024 Centre For Outcomes Of Care Balance Sheet |
|
|---|---|
| Company No. 10996449 Notes 2024 £ Current assets Debtors 8 21,165 Cash at bank and in hand 15,569 36,734 Creditors:Amount falling due within one year 9 (16,172) Net current assets/(liabilities) 20,562 Total assets less current liabilities 20,562 Net assets/(liabilities) excluding pension asset or liability 20,562 Total net assets/(liabilities) 20,562 The funds of the charity Restricted funds 10 Unrestricted funds 10 General funds 20,562 20,562 Reserves 10 Total funds 20,562 |
2023 £ - 1,590 |
| 1,590 (13,990) |
|
| (12,400) (12,400) |
|
| (12,400) | |
| (12,400) | |
| (12,400) | |
| (12,400) | |
| (12,400) |
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 2024 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 06 December 2024
And signed on its behalf by:
M.E. Kerr Trustee
06 December 2024
Page 6
Centre For Outcomes Of Care Statement of Cash flows for the year ended 31 March 2024
| Cash flows from operating activities Net income/(expenditure) per Statement of Financial Activities Adjustments for: Loss on disposal of tangible fixed assets (Increase)/Decrease in trade and other receivables Increase in trade and other payables Net cash provided by operating activities Net cash from investing activities Net cash from financing activities Net increase 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 |
2024 £ 32,962 - (21,165) 2,182 13,979 - - 13,979 1,590 15,569 15,569 15,569 |
2023 £ (1,996) 554 2,450 742 |
|---|---|---|
| 2,010 | ||
| - | ||
| - | ||
| 2,010 | ||
| (6) | ||
| 2,004 | ||
| 1,590 | ||
| 1,590 |
Page 7
Centre For Outcomes Of Care Notes to the Accounts
for the year ended 31 March 2024
- 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
-
Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
-
Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
-
Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.
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. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
Page 8
Centre For Outcomes Of Care
Notes to the Accounts
Expenditure
-
Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
-
Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities 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 expenditure These are support costs not allocated to a particular activity.
Taxation
The charity is exempt from corporation tax on its charitable activities.
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.
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.
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.
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Centre For Outcomes Of Care
Notes to the Accounts
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.
Page 10
Centre For Outcomes Of Care
Notes to the Accounts
3 Statement of Financial Activities - prior year
| Expenditure on: Other Total Net income Net income before other gains/(losses) Other gains and losses: Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 4 Income from other trading activities Children's social care consultancy 5 Other expenditure Advertising Motor and travel costs Premises costs Amortisation, depreciation, impairment, profit/loss on disposal of fixed assets General administrative costs Legal and professional costs 6 Net income/(expenditure) before transfers This is stated after charging: Depreciation of owned fixed assets |
Unrestricted £ 38,581 38,581 Unrestricted £ - 2,265 1,040 - 1,269 1,045 5,619 2024 £ - |
Unrestricted funds 2023 1,996 1,996 (1,996) (1,996) (1,996) (10,404) (12,400) Total 2024 £ 38,581 38,581 Total 2024 £ - 2,265 1,040 - 1,269 1,045 5,619 |
Total funds 2023 1,996 |
|---|---|---|---|
| 1,996 | |||
| (1,996) | |||
| (1,996) | |||
| (1,996) (10,404) |
|||
| (12,400) | |||
| Total 2023 £ - |
|||
| - | |||
| Total 2023 £ 43 52 - 814 127 960 |
|||
| 1,996 | |||
| 2023 £ 260 |
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Centre For Outcomes Of Care
Notes to the Accounts
7 Staff costs
The average monthly number of full time equivalent employees during the year was as follows:
| Children's social care consultancy 8 Debtors Trade debtors Other debtors 9 Creditors: amounts falling due within one year Other loans Trade creditors Other creditors Accruals 10 Movement in funds Restricted funds: Unrestricted funds: General funds Total funds 11 Analysis of net assets between funds Net current assets |
At 1 April 2023 (12,400) (12,400) |
2024 Number - 2024 £ 16,000 5,165 21,165 2024 £ 1,250 - 13,960 962 16,172 Incoming resources (including other gains/losses ) £ 38,581 38,581 |
Resources expended £ (5,619) (5,619) Unrestricted funds £ 20,562 20,562 |
2023 Number - 2023 £ - - |
|---|---|---|---|---|
| - | ||||
| 2023 £ 1,250 1,518 10,260 962 |
||||
| 13,990 | ||||
| At 31 March 2024 £ 20,562 |
||||
| 20,562 | ||||
| Total £ 20,562 |
||||
| 20,562 |
Page 12
Centre For Outcomes Of Care Notes to the Accounts
12 Reconciliation of net debt
| Reconciliation of net debt ntre For Outcomes Of Care es to the Accounts |
|||
|---|---|---|---|
| Cash and cash equivalents Borrowings Net debt |
At 1 April 2023 £ |
Cash flows £ |
At 31 March 2024 £ |
| 1,590 | 13,979 | 15,569 | |
| 1,590 (1,250) (1,250) 340 |
13,979 - - 13,979 |
15,569 (1,250) |
|
| (1,250) | |||
| 14,319 |
13 Related party disclosures
Controlling party
The charitable company is controlled by the Director and Trustee M.E. Kerr.
Page 13
Centre For Outcomes Of Care
Detailed Statement of Financial Activities for the year ended 31 March 2024
| Income and endowments from: Other trading activities Children's social care consultancy Total income and endowments Expenditure on: Other expenditure Advertising Motor and travel costs Travel and subsistence Business mileage costs reimbursed Premises costs Other premises costs General administrative costs, including depreciation and amortisation Depreciation of Loss on disposal of tangible fixed assets Bank charges Software, IT support and related costs Stationery and printing Telephone, fax and broadband Legal and professional costs Accountancy and bookkeeping Other legal and professional costs Total of expenditure of other costs Total expenditure Net gains on investments Net income/(expenditure) |
Unrestricted funds 2024 £ 38,581 38,581 38,581 - - 15 2,250 2,265 1,040 1,040 - - 69 42 798 360 1,269 960 85 1,045 5,619 5,619 - 32,962 |
Total funds 2024 £ 38,581 38,581 38,581 - - 15 2,250 2,265 1,040 1,040 - - 69 42 798 360 1,269 960 85 1,045 5,619 5,619 - 32,962 |
Total funds 2023 £ - |
|---|---|---|---|
| - | |||
| - 43 |
|||
| 43 | |||
| 52 - |
|||
| 52 | |||
| - | |||
| - | |||
| 260 554 69 58 - - |
|||
| 941 | |||
| 960 - |
|||
| 960 | |||
| 1,996 | |||
| 1,996 - |
|||
| (1,996) |
Page 14
| Net income/(expenditure) before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward Centre For Outcomes Of Care Detailed Statement of Financial Activities |
32,962 - 32,962 (12,400) 20,562 |
32,962 - 32,962 (12,400) 20,562 |
|
|---|---|---|---|
| (1,996) - |
|||
| (1,996) | |||
| (10,404) | |||
| (12,400) |
Page 15