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2024-08-31-accounts

Docusign Envelope ID: 5ADEC1AA-D5E2-421F-8C73-4A2F3671D869

Charity number: 1194092

TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

COACHBRIGHT CHARITABLE TRUST

Docusign Envelope ID: 5ADEC1AA-D5E2-421F-8C73-4A2F3671D869

COACHBRIGHT CHARITABLE TRUST

CONTENTS

Page
Reference and administrative details of the Charity, its Trustees and advisers 1
Trustees' report 2 - 11
Independent examiner's report 12
Statement of financial activities 13
Balance sheet 14
Statement of cash flows 15
Notes to the financial statements 16 - 24

Docusign Envelope ID: 5ADEC1AA-D5E2-421F-8C73-4A2F3671D869

COACHBRIGHT CHARITABLE TRUST

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2024

Trustees

J Owen, Chair (appointed 26/03/24)

M Mahmood, Treasurer G Lane S Hardman K McAree N Osborne (appointed 26/03/24)

Charity registered number 1194092

Principal office Spaces Crossway Civic House 156 Great Charles Street Queensway Birmingham B3 3HN

Bankers Metro Bank 2, 24 Farnham Road Slough SL1 3TA Solicitors Stone King LLP Boundary House 91 Charterhouse Street London EC1M 6HR

Independent Examiner

Janice Matthews Menzies LLP Magna House 18-32 London Road Staines-Upon-Thames TW18 4BP

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Docusign Envelope ID: 5ADEC1AA-D5E2-421F-8C73-4A2F3671D869

COACHBRIGHT CHARITABLE TRUST

TRUSTEES' REPORT FOR THE YEAR ENDED 31 AUGUST 2024

Objectives and Activities

a. Governing document

CoachBright Charitable Trust is an independent registered charity working with young people to strengthen their educational attainment and life outcomes. The Charity is governed by a Constitution accepted upon incorporation on 15th April 2021.

b. Policies and objectives

CoachBright is a social mobility charity on a mission to support young people from disadvantaged backgrounds to become confident, independent and resilient learners so they can lead the lives they want.

We partner with Primary and Secondary schools in England to run face-to-face and virtual coaching programmes.

Through partnering pupils with relatable role models, we aim to raise their confidence, independence, resilience and attainment.

The charity's aims are to support people in education through:

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

c. Strategies for achieving objectives

CoachBright's programmes are run in collaboration with Primary & Secondary schools, universities, and employers, and typically span 12-15 weeks, with each session lasting an hour and led by an internally trained volunteer coach. The schools, universities, and employers are responsible for selecting eligible students to participate in the programme, so long as the pupil selection aligns with the charity's guidelines.

CoachBright recruits exceptional volunteer coaches who commit to a minimum of one hour per week for a block of coaching, either at one of the charity's partner schools or through an online programme.

All volunteers undergo an online training and induction session before they begin coaching and must pass a DBS check.

The volunteer coaches come from diverse backgrounds, but the vast majority are current university students studying for undergraduate degrees.

The Senior Management Team and Trustees review our aims, objectives, and activities at quarterly general board meetings. The reviews look at what we achieved and the outcomes of our work in the previous period.

These reviews also help us ensure our aims, objectives and activities remain focused on our stated purposes.

We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives they have set.

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Docusign Envelope ID: 5ADEC1AA-D5E2-421F-8C73-4A2F3671D869

COACHBRIGHT CHARITABLE TRUST

TRUSTEES' REPORT FOR THE YEAR ENDED 31 AUGUST 2024

d. Activities undertaken to achieve objectives

Our main activities for the year continued to be the promotion and running of coaching programmes for primary & secondaryage pupils of disadvantaged socio-economic backgrounds.

The activities we used to meet these objectives included:

e. Main activities undertaken to further the Charity's purposes for the public benefit

CoachBright offers small group coaching to disadvantaged young people to enhance their academic performance, study skills, and self-assurance.

Our goal is to equip pupils with the grades & confidence required to maximise their potential in school and to equip them with the skills & desire to pursue further education, employment, or training after leaving school.

This is intended to lift the pupil from their socio-economic background and enable them to contribute positively to society.

To ensure that the support reaches the most disadvantaged young people, CoachBright partners with schools that have a higher-than-average proportion of pupils eligible for Pupil Premium funding.

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Docusign Envelope ID: 5ADEC1AA-D5E2-421F-8C73-4A2F3671D869

COACHBRIGHT CHARITABLE TRUST

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

Achievements and performance

a. Main achievements of the Charity

We noted in our introduction to last year’s report that ‘our work has never been more needed’, and that ‘moving up the social ladder in Britain has become harder than at any point in over 50 years’. Well, make that 51. Unfortunately, but not unpredictably, there is compelling evidence that the challenges faced by young people from disadvantaged backgrounds continue to grow.

Let’s start with academic outcomes, often regarded as the main driver of social mobility in the UK, and the key that unlocks future opportunities. Well, between 2022-23 and 2023-24, the proportion of GCSE entries from Pupil Premium eligible students that achieved at least a Grade 4 (equivalent to a C) dropped from 75% to 70%. And for higher attainers it is the same story - Grade 7s (equivalent to an A) dropped from 27% to 24%.

These may seem like relatively small changes, but added to the fact that disadvantaged young people are already almost 50% less likely to achieve Maths and English passes, they really matter.

Grades aren’t everything, of course. So let’s look at those other essential elements that are often cited as unlocking opportunity: motivation, confidence, self-belief. Well, the picture isn’t encouraging here either. Children who grow up in low-income households consistently report significantly lower levels of these critical skills than their more privileged peers, at all stages of their childhood.

And what about later in life? What about once that young person becomes an adult and is then, in theory, judged on nothing but their own merits? Sadly, the complex socioeconomic factors that exist for that young person don’t disappear once they turn 18. For graduates, they will earn on average 8-11% less than their peers, and for non-graduates this gap is around 15-20%!

Admittedly, this is not the cheeriest note to open our annual report with, but it’s worth reminding ourselves at every opportunity of the challenge we face in addressing inequality in the UK, and why we work hard to do so. One of our core values at CoachBright is that we believe coaching is transformative, and we believe it can be transformative for anyone. This year we’re proud to have supported over 1,300 young people from as young as 5 years old, right up to undergraduates in their 30s changing careers, with our unique academic, pastoral, and executive coaching. This has been made possible by the dozens of school and university partners who see the impact of our work, the hundreds of volunteers who give up their time to support a younger peer, and, of course, to our small but mighty team, who work tirelessly to bring our coaching to those who need it. A heartfelt thank you to you all!

Supporting that work is our excellent board of trustees, to which we added two brilliant new members this year: Nick Osborne (CEO of Maritime Academy Trust) and Jo Owen (Teach First co-founder and leadership author extraordinaire). The value of trustees to civil society is vastly underappreciated, but we want to extend our thanks for their constant guidance and support.

2023-24 was a challenging year for many, and the education and charity sectors were no exception. But, as always, there were also some immensely powerful stories, and we’re excited to share a selection of them with you in this report. Improving social mobility is a complex task, but we’re proud to play our part.

We hope you enjoy reading about our work and impact, and thank you for supporting our mission.

Joe McGinn, CEO Jo Owen, Chair of Trustees

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Docusign Envelope ID: 5ADEC1AA-D5E2-421F-8C73-4A2F3671D869

COACHBRIGHT CHARITABLE TRUST

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

b. Review of activities

In 2023-24 we delivered 56 academic coaching programmes to 1,392 young people across four regions: London, South East, South West, and West Midlands. Participants gave our programmes an average feedback score of 8.5/10.

We are proud to focus our work on where the need is greatest. Whilst we have a strong presence in the capital, the majority of our programmes take place outside of London. We are also significantly overrepresented by young people who are eligible for the pupil premium, speak English as an additional language, and are from an ethnic minority background.

Outputs

Programmes Delivered 56
Schools Supported 33
Young People Helped 1,392
Volunteers trained and placed 413
University’s volunteers recruited from 40
Student leadership accreditations awarded 67
Number of ethnicities represented among our beneficiaries 26

Regional Breakdown

Region Pupils Supported
London 499
South East 150
South West 190
West Midlands 553
Total 1,392

Pupil Breakdown

Eligible for pupil premium 52% Male 42% Female 58% EAL (Pupils with English as additional language) 52%

Our school partners

We were fortunate to work with some brilliant school partners from across our four regions

London

South East

South West

West Midlands

Alperton Community School Aylward Academy Harris Lowe Academy Kingsley Academy Phoenix Academy The John Roan School Stoke Newington School Richmond Park Academy

Blessed Hugh Farringdon Bodmin College Catholic School Marine Academy Plymouth Brooklands Farm Primary Queen Elizabeth’s Kennet School Ryde Academy King’s Academy Prospect Tendring Technology College Rainham School for Girls Reading Girls’ School The John Warner School The Wren School Wellington Academy

DSLV E-ACT Academy Erdington Academy Greensward Academy Hodge Hill College E-ACT North Birmingham Perryfields Academy Queen Mary's High School Rockwood Academy West Walsall E-ACT Academy Walsall Academy West Coventry Academy

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Docusign Envelope ID: 5ADEC1AA-D5E2-421F-8C73-4A2F3671D869

COACHBRIGHT CHARITABLE TRUST

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

Our University Partners

We are proud of the support we receive from our University partners across England. Whether by formally supporting our programmes as part of their Access and Participation Plans, building us into their courses as placement opportunities, or simply signposting us to their students.

Over 2023/24 we are proud to have trained and placed 451 students from 40 universities

Universities recruited from and students placed:

University of Birmingham - 88 University of Westminster - 4 University of Reading - 83 Goldsmiths, University of London - 4 University of Exeter - 35 Strathclyde University - 3 King’s College London - 29 Leeds Trinity University - 2 University of Wolverhampton - 28 Imperial College London - 2 University of Greenwich - 27 University of Surrey - 2 London South Bank University - 17 Middlesex University - 3 University of Plymouth - 16 Aston University - 2 University of Warwick - 15 London Metropolitan University - 1 University of Leicester - 13 University of Roehampton - 1 University College London - 11 University of Central Lancashire - 1 Aston University - 11 University of Brighton - 1 Birmingham City University - 10 University College Birmingham - 1 Queen Mary University of London - 6 University of Khartoum - 1 Coventry University - 5 University of West England - 1 University of Bristol - 5 Plymouth Marjon University - 1 London School of Economics - 5 University of Bath - 1 City, University of London - 5 School of Oriental and African Studies - 1 Cambridge University - 4 Brunel University - 1 Kingston University - 4 University of Kent - 1

Our Impact

We are committed to robust, high quality impact evaluation. This is to ensure we understand the true effectiveness of our work, and assess what impact it is having, for whom, and under what conditions.

Our mission is to support young people from disadvantaged backgrounds to become confident, independent, and resilient.

Therefore, it is key that we are able to measure and evaluate these skills.

Method

To do this, we use academically validated self-report pre- and post- questionnaires. These are taken by our participants before and after the programme, and we observe the ‘distance travelled’ in that time both at individual and group level.

We have used a consistent impact evaluation framework for several years, created in collaboration with educational impact specialists ImpactEd. The technical skills we measure are metacognition, self-efficacy, and motivation, and the questionnaires used are the relevant sub-scales of the Motivated Strategies for Learning Questionnaire.

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Docusign Envelope ID: 5ADEC1AA-D5E2-421F-8C73-4A2F3671D869

COACHBRIGHT CHARITABLE TRUST

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

Impact Overview

We are proud that in 2023/24 there were statistically significant improvements in the metacognition, self-efficacy, and motivation of our beneficiaries. This is the fifth year in a row we have seen a statistically significant impact as a result of our work.

Metacognition(/7) Self-efficacy (/7) Motivation(/7)
Pre-programme 5.11 5.08 5.12
Post-programme 5.35 5.31 5.35
Percentage change +4.0% +3.83% +3.84%
P-value(2dp) 0.00 0.00 0.00

The measures we use are created and tested for stability, and a 3% change, in either direction, is regarded as a meaningful shift in that individual’s ability or state of mind.

We were also pleased to see that our programmes appeared to be more effective for young people eligible for the Pupil Premium, and who speak English as an additional language.

A particular highlight was the impact observed on motivation. Pupils from very low-income families and those who speak English as an additional language had increases in motivation that were 37% and 35% greater than their peers respectively.

Our Beneficiaries

On our programmes, young people in schools receive coaching from a university undergraduate or a senior pupil in the same school, whom we train and support as academic and pastoral coaches.

We’ve gathered a sample of reflections from the young people we’ve supported in 2023-24, both coaches and coaches;

“I felt proud of myself as a coach, and I hope my coachee feels more confident now too!”

“CoachBright have been extremely helpful. My understanding of maths has increased, and I find it much more enjoyable”

“CoachBright is a great way to spend your time and gain a better understanding in a subject you are struggling with”

“I loved bonding with my pupils and it's so rewarding watching them learn. They challenge my own knowledge on the topic and I love seeing how they think”

“Coaching a younger pupil really had a positive impact on my confidence”

“I feel as though I can think on my feet faster and simplify my thoughts quicker in order to be understood”

“My coachee and I became a brilliant team as we honed our listening and comprehension skills, and I really feel I’ve grown as a leader in the school now”

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Docusign Envelope ID: 5ADEC1AA-D5E2-421F-8C73-4A2F3671D869

COACHBRIGHT CHARITABLE TRUST

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

Advocacy

At CoachBright, we believe in the power of collaboration, and that organisations with similar missions and aims can achieve more together. That's why we teamed up with like-minded organisations to publish an ambitious piece of research entitled 'The Future of Tutoring'. This report explored the wider impact that coaching and tutoring provision like ours can have on the most disadvantaged young people in the country.

Authored by Public First, the report found that, when thinking about tutoring and coaching provision they had received, young people, in contrast to many other pastoral or academic interventions, liked it!

In addition, the young people:

Financial review

The total income for the year was £620,243. During the year, spending on charitable activities was £714,539 Net loss for the year was £94,296 and this amount was absorbed by Unrestricted Reserves.

a. Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to

continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

Further details regarding the adoption of the going concern basis can be found in the accounting policies.

b. Reserves policy CoachBright holds reserves to:

The level of reserves is reviewed periodically by the management team & Trustees.

Our reserves policy constitutes that the organisation's free reserves should not, if possible, fall below the equivalent of 4 months’ turnover ((current year budgeted turnover/12 months) X 4).

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Docusign Envelope ID: 5ADEC1AA-D5E2-421F-8C73-4A2F3671D869

COACHBRIGHT CHARITABLE TRUST

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

Structure, governance and management

a. Constitution

CoachBright is a registered CIO (Charitable Incorporated Organisation), number 1194092, incorporated and registered as a charity in April 2021. The CIO was established under a Constitution, which established the objects and powers of the CIO.

b. Methods of appointment or election of Trustees

Every charity trustee must be a natural person. Under no circumstances shall any of the following serve as Trustees;

Trustees during the year:

Jonathan Owen (Chair) (appointed 26/03/24) Muznah Mahmood (Treasurer) Sarah Hardman Kelly McAree Geoff Lane Nick Osborne (appointed 26/03/24) Qamar Riaz (resigned 26/03/2024)

One Trustee resigned during the year.

Appointment of Trustees

Apart from the first Trustees, every Trustee must be appointed for a term of three years by a resolution passed at a properly convened meeting of the Trustees.

In selecting individuals for appointment as Trustees, the Trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO.

c. Organisational structure and decision-making policies

The Board delegates responsibility for the day-to-day operation of the Charity to the Chief Executive & Senior Management Team.

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Docusign Envelope ID: 5ADEC1AA-D5E2-421F-8C73-4A2F3671D869

COACHBRIGHT CHARITABLE TRUST

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

Plans for future periods

2024/25 will be a very exciting year for the charity, as we begin the school recruitment for our Education Endowment Foundation trial, (with delivery in schools kicking off in September 2025).

This will be a very significant contract, and will likely represent around 50% of both our income and programme delivery in 25/26, so the school recruitment period of Feb-July 2025 will be critical.

Alongside this, we will be continuing to stabilise the charity as we enter our first year since the discontinuation of the government’s flagship educational Covid-recovery initiative, the National Tutoring Programme, which at one point represented over 75% of our income.

Organisational Development

To support this, we will look to diversify our income more evenly across our relative streams: schools, universities, trusts/foundations, local government, community fundraising, and corporates. In particular, we will be looking to build our corporate partnership stream by offering a unique combination of volunteering opportunities, executive coaching, and coach training for corporate employees.

In addition, we will be looking to work strategically with other charities and NGOs who share a similar mission. We have piloted a collaborative project with social mobility charity The Talent Tap, and will be looking to do similar, in either formal or informal ways, with others including The Sutton Trust, Universify, The Bridging Project, Teach First and The Access Project.

Lastly, after adding two new trustees to our board in 23/24, including a new chair, we will continue to add depth and experience where we can. In particular we will be looking to add specific experience related to corporate partnerships to support our growth aims in this area.

Impact

We expect our impact to remain strong and our programmes to retain their high quality reputation. After piloting a new primary phase Peer to Peer programme in 23/24, we will be looking to expand across a number of key primary specific Multi-Academy Trusts, starting in Greater London.

Our Lifecycle programme will expand to more universities, with a focus on London and the West Midlands.

Lastly, we will be exploring how our work can support young people facing particular vulnerabilities and challenges for the first time. We will be developing targeted programmes for care experienced young people, care leavers, and young carers.

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Docusign Envelope ID: 5ADEC1AA-D5E2-421F-8C73-4A2F3671D869

COACHBRIGHT CHARITABLE TRUST

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial period which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the members of the board of Trustees and signed on their behalf by:

X

M Mahmood Treasurer

Date

17-May-2025

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Docusign Envelope ID: 5ADEC1AA-D5E2-421F-8C73-4A2F3671D869

COACHBRIGHT CHARITABLE TRUST

INDEPENDENT EXAMINERS' REPORT

Independent Examiner's report to the Trustees of Coachbright Charitable Trust ('the Charity')

I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 August 2024.

Responsibilities and basis of report

As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').

I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the Charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.

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

  1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.

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 accounts to be reached.

This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.

Signed: Dated: 22-May-2025 Janice Matthews FCA

Menzies LLP Chartered Accountants Magna House 18-32 London Road Staines-Upon-Thames TW18 4BP

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Docusign Envelope ID: 5ADEC1AA-D5E2-421F-8C73-4A2F3671D869

COACHBRIGHT CHARITABLE TRUST

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2024

Note
Income from:
Donations and legacies
3
Charitable activities
4
Investment income
5
Total income
Expenditure on:
Charitable activities
6
Total expenditure
Transfers between funds
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2024
£
120,995
458,862
13,986
593,843
700,395
700,395
6,500
(100,052)
519,306
(100,052)
419,254		 Restricted
funds
2024
£
26,400
-
-
26,400
14,144
14,144
(6,500)
5,756
-
5,756
5,756		 Total
funds
2024
£
147,395
458,862
13,986
620,243
714,539
714,539
-
(94,296)
519,306
(94,296)
425,010		 Total
funds
2023
£
52,047
850,229
625
902,901
989,769
989,769
-
(86,868)
606,174
(86,868)
519,306

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 15 to 24 form part of these financial statements.

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Docusign Envelope ID: 5ADEC1AA-D5E2-421F-8C73-4A2F3671D869

COACHBRIGHT CHARITABLE TRUST

BALANCE SHEET FOR THE YEAR ENDED 31 AUGUST 2024

Fixed assets
Note
Tangible assets
10
Current assets
Debtors
11
Cash at bank and in hand
Creditors: amounts falling due within one year
12
Net current assets
Total assets less current liabilities
Total net assets
Charity funds
Unrestricted funds
Restricted funds
Total funds		 2024
2023
£
£
2,360
3,167
2,360
3,167
165,847
197,892
435,776
534,379
601,623
732,271
(178,973)
(216,132)
422,650
516,139
425,010
519,306
425,010
519,306
419,254
5,756
519,306
-
425,010
519,306		 2023
£
3,167
519,306
519,306
519,306
-
519,306

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

X X
M Mahmood J Owen
Treasurer Chair
Date: 17-May-2025 Date: 22-May-2025

The notes on pages 15 to 24 form part of these financial statements.

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Docusign Envelope ID: 5ADEC1AA-D5E2-421F-8C73-4A2F3671D869

COACHBRIGHT CHARITABLE TRUST

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2024

Note
Cash flows from operating activities
Net cash used in operating activities
15
Cash flows from investing activities
Purchase of tangible fixed assets
Net cash used in investing activities
Cash flows from financing activities
Net cash provided by financing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
16
The notes on pages 15 to 24 form part of these financial statements		 2024
£
(98,603)
-
-
(98,603)
534,379
435,776		 2023
£
14,327
(2,847)
(2,847)
11,480
522,899
534,379

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Docusign Envelope ID: 5ADEC1AA-D5E2-421F-8C73-4A2F3671D869

COACHBRIGHT CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

1. General Information

Coachbright Charitable Trust is a Charitable incorporated organisation that has been registered since 15 April 2021.

It provides educational programmes and tutoring to children and young people, their charity number and address can be found on page 1.

2. Accounting Policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. Coach bright Charitable Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 Going Concern

It is the Trustees opinion that based on available reserves and forecast income that the charity will remain a going concern for at least twelve months from the date of approval of these financial statements and the going concern basis of preparation of the accounts continues to be appropriate.

2.3 Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance Sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs. All expenditure is inclusive of irrecoverable VAT.

.

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Docusign Envelope ID: 5ADEC1AA-D5E2-421F-8C73-4A2F3671D869

COACHBRIGHT CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

2. Accounting Policies (continued)

2.5 Tangible fixed assets and depreciation

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office Equipment – 20% Computer Equipment – 20%

2.6 Debtors

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

2.7 Liabilities & Provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

2.8 Pensions

The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year.

2.9 Fund Accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

17

Docusign Envelope ID: 5ADEC1AA-D5E2-421F-8C73-4A2F3671D869

COACHBRIGHT CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

3. Income from donations and legacies

Donations
Grants
Legacies
Total 2023
4.
Income from charitable activities
Income from charitable activities
Total 2023
5.
Other incoming resources
Interest income		 Unrestricted
Restricted
Total
Total
funds
funds
funds
funds
£
£
2024
£
2023
£
2,241
-
2,241
29,897
49,154
26,400
75,554
22,150
69,600
-
69,600
-
120,995
26,400
147,395
52,047
52,047
-
52,047
Unrestricted
Restricted
Total
Total
funds
funds
funds
funds
£
£
2024
£
2023
£
458,862
-
458,862
850,229
850,229
-
850,229
Unrestricted
Restricted
Total
Total
funds
funds
funds
funds
2024
£
2023
£
13,986
-
13,986
625

18

Docusign Envelope ID: 5ADEC1AA-D5E2-421F-8C73-4A2F3671D869

COACHBRIGHT CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

6. Analysis of expenditure by activities

Unrestricted Costs
Restricted Costs
Total 2024
Total 2023		 Unrestricted
Direct
Costs
£
Unrestricted
Support
Costs
£
Restricted
Direct
Costs
£
Restricted
Support
Costs
£
Total
2024
£
Total
2023
£
447,523
252,872
-
-
700,395
989,769
-
-
9,900
4,244
14,144
-
447,523
252,872
9,900
4,244
714,539
989,769
598,302
391,467
-
-
989,769

Analysis of support costs

Staff costs
Depreciation
Insurance
Legal fees
Advertising
Rent
Staff training
Subscriptions
Telephone & internet
Meeting costs
Bank charges
General expenses
Printing, postage & stationery
Quality standards
Consulting
IT software & consumables
Governance costs
Total 2023		 Unrestricted
Support
Costs
£
180,741
807
3,067
3,354
12,518
23,173
-
10,638
4,307
799
1,064
77
354
6,490
120
-
5,363
252,872
391,467		 Restricted
Support
Costs
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
4,244
-
4,244
-		 Total
funds
Total
funds
2024
£
2023
£
180,741
272,722
807
655
3,067
2,621
3,354
29,103
12,518
1,127
23,173
23,918
-
3,475
10,638
16,038
4,307
10,041
799
3,859
1,064
479
77
762
354
701
6,490
12,486
120
882
4,244
180
5,363
12,418
257,116
391,467
391,467

19

Docusign Envelope ID: 5ADEC1AA-D5E2-421F-8C73-4A2F3671D869

COACHBRIGHT CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

7. Independent Examiners Remuneration

Fees payable to the Charity’s Independent Examiner
Staff Costs
Wages and salaries
Social Security Costs
Contribution to defined contribution pension schemes
The average number of persons employed by the Charity for the year was as
follows:		 2024
£
2023
£
5,363
3,025
2024
£
2023
£
512,972
713,082
44,717
62,016
11,361
15,232
569,050
790,330
2024
2023
17
25

8. Staff Costs

Employees

One employee received remuneration amounting to more than £60,000 during the year.

The remuneration of key management personnel was £162,599 (2023: £161,399)

9. Trustees’ remuneration and expenses

During the year, no Trustees received any remuneration or other expenses (2023 – NIL)

During the year ended 31[st] August 2024, no Trustee expenses have been incurred.

20

Docusign Envelope ID: 5ADEC1AA-D5E2-421F-8C73-4A2F3671D869

COACHBRIGHT CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

10. Tangible fixed assets

Cost or valuation
At 1 September 2023
Additions
At 31 August 2024
Depreciation
At 1 September 2023
Charge for the year
At 31 August 2024
Net book value
At 31 August 2024
At 31 August 2023
11.
Debtors
Due within one year
Trade debtors
Other debtors
Prepayments and accrued income		 Office
equipment
£
1,107
-
1,107
179
221
400
707
928		 Computer
equipment
£
2,923
-		 Total
£
4,030
-
2,923 4,030
684
586		 863
807
1,270 1,670
1,653 2,360
2,239 3,167
2024
£
89,543
-
76,304
165,847		 2023
£
190,119
-
7,773
197,892

21

Docusign Envelope ID: 5ADEC1AA-D5E2-421F-8C73-4A2F3671D869

COACHBRIGHT CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

12. Creditors: Amounts falling due within one year

Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income
Deferred income at 1 September 2023
Amounts released from previous periods
Resources deferred during the year


 2024
£
(271)
37,932
1,922
139,390
178,973
2024
£
171,492
(171,492)
135,550
135,550		 2023
£
2,232
33,520
2,684
177,696
216,132
2023
£
70,620
(70,620)
171,492
171,492

Deferred income relates to coaching and mentoring programmes that will take place throughout the 2024/25 academic year.

13. Summary of funds current year

Unrestricted funds
Total Unrestricted funds
Restricted Clothworkers Grant
Restricted Edward Cadbury Grant
Restricted GMSP Grant
Total Restricted Funds
Total Funds
Summary of funds - prior year
Unrestricted funds
Restricted funds
Total Funds		 Balance at 1
September
2023
Income
Expenditure
Transfers
in/out
Balance at
31 August
2024
£
£
£
£
£
519,306
593,843
(700,395)
6,500
419,254
519,306
593,843
(700,395)
6,500
419,254
-
10,000
(4,244)
-
5,756
-
4,000
-
(4,000)
-
-
12,400
(9,900)
(2,500)
-
-
26,400
(14,144)
(6,500)
5,756
519,306
620,243
(714,539)
-
425,010
Balance at 1
September
2022
£
Income
£
Expenditure
£
Transfers
in/out
£
Balance at
31 August
2023
£
606,174
902,901
(989,769)
-
519,306
-
-
-
-
-
606,174
902,901
(989,769)
-
519,306

22

Docusign Envelope ID: 5ADEC1AA-D5E2-421F-8C73-4A2F3671D869

COACHBRIGHT CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

14. Analysis of net assets between funds

Analysis of net assets between funds
– current year
Tangible fixed assets
Current assets
Creditors due within one year
Total		 Unrestricted funds
Restricted funds
Total
funds
2024
£
2024
£
2024
£
2,360
-
2,360
593,274
8,349
601,623
(176,380)
(2,593)
(178,973)
419,254
5,756
425,010

Analysis of net assets between funds - prior year

Unrestricted Total
funds funds
2023 2023
£ £
Tangible fixed assets 3,167 3,167
Current assets 732,271 732,271
Creditors due within one year (216,132) (216,132)
Total **519,306 ** 519,306

15. Reconciliation of net movement in funds to net cash flow from operating activities

Net income/expenditure for the year (as per Statement of Financial Activities)
Adjustments for:
Depreciation charges
Decrease in debtors
Decrease in creditors
Net cash provided by operating activities		 2024
£
2023
£
(94,296)
(86,868)
807
656
32,045
(7,836)
(37,159)
108,375
(98,603)
14,327

23

Docusign Envelope ID: 5ADEC1AA-D5E2-421F-8C73-4A2F3671D869

COACHBRIGHT CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

16. Analysis of cash and cash equivalents

Cashinhand
Total cash and cash equivalents		 2024
£
435,776
435,776		 2023
£
534,379
534,379

17. Analysis of changes in net debt

Cash at bank and in hand At 1
September
2023
Cash flows
£
534,379
£
(98,603)
534,379
(98,603)		 At 31 August
2024
£
435,776
435,776

18. Related party transactions

The Charity has not entered into any related party transactions during the year, nor are there any outstanding balances owing between related parties and the Charity as at 31 August 2024.

24