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2022-07-31-accounts

Page
Report ofthe Trustees 1to17
Report ofthe Independent
Auditors		 18to 20
Statemen't of Financial Activities 21
Balance Sheet 22 to 23
Cash Flow Statement
Notes to the Cash Flow Statement 25
Notes to the Financial Statements 26to 48

RÉPORT OF THE INDEPENDENT AUDITORS TO THE MEMBER5 OF THE FOUNDATION FOR CONDUCTIVE EDUCATION IRE615fERED NUMBER.. 20837541 A further description of our responsibilities for the 6vdit of the finan£ial statement5 15 located on the Financial Reporting Council's web51te at www.frc.or8.uklOur-Work/Audit/Audit-and-a55urancelStandard5-and- guidancelstandards-and-guldanc￿IOr-audltorS/Au￿ltorS-responSibilitieS-for-auditlDeScrlptlon-0I-auditur$- responslbilltle5-for-audit.a5px. Thi5 dwcription forms part Df our Report of the Independent Au¢itors. Use of our report This report Is made solely to the charitable company's member5, a5 a bodyp in accordance with Chapter 3 01 Part 16 of the Companles Act 2006. Our audit work has been undertaken 50 that we might state to the charitable company'5 members those matters we are required to state to them in an auditor5, report and far no other purpose. To the fullest extent permltted by law. we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a bodyi for our audit work, for this report. or for the opinions we have formed. Peter Srnith AfA (Senior Statutory Aud5torl for and on behalf ol J W Hinks LLP Chartered Accountants and Statutory Audltors 19 Highfield Road Edgbaston 8irrnin8ham BIS 3BPt Date.. 20 Ottober 2022 Page 20

2022 2021
Unrestricted Restricted Totalfunds Totalfunds
fund funds
Note E F.
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 257,572 237,715 495,287 425,746
Charitable
activities
Children's
services		 250,601 250,601 261,352
Adult services 83,333 83,333 105,622
Training
services		 167,505 167,505 164,377
Other trading
activities		 25,831 25,831 17,548
Investment
income
Total 784,842 237,715 1,022,557 974,645
EXPENDITURE ON
Raising funds 71,430 71,430 57,702
Charitable
activities
Children's
services		 353,232 154,212 507,444 483,158
Adult services 134,766 83,503 218,269 225,658
Training
services		 195,409 195,409 201,612
Total 754,837 237,715 992,552 968,130
Net movement
in funds		 30,005 30,005 6,515
RECONCILIATION
OF		 FUNDS
Total funds brought forward 963.445 963,445 956,930
TOTAL FUNDS CARRIED FORWARD 993,450 993,450 963,445
CONTINUING
OPERATIONS
All income and expenditure has arisen from continuing activities.

2022 2021
Total funds Total funds
Note
FIXEDASSETS
Tangible assets 15 1,409,853 1,413,091
CURRENTASSETS
Debtors 16 122,170 78,981
Cash at bank and in hand 226 350
122,396 79,331
CREDITORS'
Amounts
falling due within one year		 17 (343,009) (288,068)
NET CURRENT ASSETS/(LIABILITIES) (220,613) (208,737)
TOTAL ASSETS LESSCURRENT LIABILITIES 1,189,240 1,204,354
CREDITORS
Amounts
falling due after more than one year		 18 (195,790) (240,909)
NET ASSETS 993,450 963,445
FUNDS 22
Unrestricted
funds		 993,450 963,445
Restricted funds
TOTAL FUNDS 993,450 963,445

2022 2021
Notes E E
Cash flows from operating activities:
Cash generated
from operations		 (9314) (30,725)
Net cash provided
by (used in) operating		 activities (9,414) (30,725)
Cash flows from investing activities:
Purchase oftangible
fixed		 assets (5,520)
Disposal oftangible
fixed assets		 6,500
Interest received
Net cash provided
by (used in) investing		 activities 980
Cash flows from financing activities:
New loans
in year
Rank loan repayments
in year		 (43,412) (25,672)
Capital repayments
in year		 (925) (1,224)
Net cash provided
by (used in) financing		 activities (44,337) (26,896)
Change
in cash and cash equivalents		 in the
reporting
period		 (53,751) (56,641)
Cash and cash equivalerlts at the beginning ofthe
reporting
period		 2 (82,539) (25,898)
Cash and cash equivalents at the end of the
reporting
period		 (136,290) (82,539)

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING OF NET INCOME TO NET CASH FLOW FROM OPERATING OF NET INCOME TO NET CASH FLOW FROM OPERATING OF NET INCOME TO NET CASH FLOW FROM OPERATING OF NET INCOME TO NET CASH FLOW FROM OPERATING OF NET INCOME TO NET CASH FLOW FROM OPERATING OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES ACTIVITIES
2022 2021
6 f
Net income for the reporting period (as per the statement offinancial
activities) 30,005 6,515
Adjustments
for:
Depreciation
charges		 3,238 3,128
Profit on disposal of tangible fixed assets (6,500)
Interest received
(Increase)/decrease in debtors (43,189) (3,315)
Increase/(decrease) in creditors 532 (30,553)
Net cash provided by (used in) operating activities (9,414) (30,725)
2. ANALYSIS OF CHANGES IN NET FUNDS
At 1.8.21 Cash flow At 31.7.22
6 E 6
Net cash
Cash in hand 200 (125) 75
Notice deposits (less than 3 months) 150 1 151
Overdrafts
included		 in bank loans and overdrafts
falling due within one year (82,889) (53p627) (136,516)
Total (82,539) (53,751) (136,290)

DONATIONS
AND LEGACIES
2022 2021
Unrestricted Restricted Total Total
funds funds funds Funds
E E E E
Gifts and donations 182,607 237,715 420,322 424,746
Legacies 74,965 74,965 1,000
257,572 237,715 495,287 425,746
2022 2021
E E
The Alison
Hillman
Charitable		 Trust 5,192 5,000
The Barbara Naylor Charitable Trust 39,835 15,000
The Blakemore
Foundation		 5,000 7,500
The Cadent Foundation 4,548
The D M F Ellis Charitable
Trust		 5,000
The D'Oyly Carte Charitable Trust 3,500 3,000
The Edward
and Dorothy Cadbury		 Trust 5,000
The Edward
Gostling Foundation		 4,309
The Eveson Charitable
Trust		 34,460
The Foyle Foundation 20,000
The G J W Turner Trust 3,000 3,000
The Garfield Weston Foundation 25,000
The George Perkins Charitable Trust 5,000 5,000
The Inman
Charity		 5,000
The James and Grace Anderson Trust 8,000
The Keith Coombs Trust 10,000 20,000
The Loppylugs
and Barbara		 Morrison Charitable Trust 4,800 4,800
The Peter Sowerby Foundation 9,721
The Roger and Douglas Turner Charitable Trust 7,000 7,000
The Saintbury
Trust		 10,000 6,000
The Sheldon Trust 4,000
The Souter Charitable
Trust		 3,000 3,000
The 29'" May 1961Charity 10,000 10,000
Baron Davenport's
Charity		 3,250
BBCChildren
in Need		 8,186
J Blundell 3,000
M Blundell 3,000
CAF Resilience
Fund		 75,125
Cheshire Community
Foundation		 4,781
Global's Make Some Noise 24,592
Oakley Charitable
Trust		 4,000
Orlaith
Cycle Challenge		 32333
Balance carried forward 223,120 255,812

2022 2021
E 6
Balance brought forward 223,120 255,812
StJames's Place Foundation 40,263 40,266
M Simmons 30,000 10,000
Veolia 4,380
Balance —anonymous items and donations less than 63,000 in value 126,937 114,288
420,322 424,746

3. OTHER TRADING ACTIVITIES OTHER TRADING ACTIVITIES OTHER TRADING ACTIVITIES
2022 2021
Unrestricted Restricted Total Total
funds funds funds Funds
E E E E
Fundraising events 25,831 25,831 17,548
4. INVESTMENT INCOME
2022 2021
Unrestricted Restricted Total Total
funds funds funds funds
E E E E
Deposit account interest
5. INCOME FROM CHARITABLE ACTIVITIES
2022 2021
Children' s Adult Training Total Tota I
services services services activities Activities
6 E E E E
Children's fees 244,036 244,036 248,490
Grants 1,435 1,435 1,434 4,304 58,811
Other income 5,130 5,130 5,131 15p391 3,881
Adult services 76,768 76,768 68,651
Training & consultancy fees 160,940 160,940 151,518
250,601 83,333 167,505 501,439
2021 261,352 105,622 164,377 531,351

Unrestricted Restricted
funds funds 2022 2021
F. F. f
Big Lottery Fund-
Rehabilitation
fund		 24,112
HMRC
(Coronavirus Job Retention Scheme)—
Generalfund 4,304 34,699
4,334 4,304 58,811
RAISING FUNDS
Raising donations and legacies
2022 2021
Unrestricted Restricted Total Total
funds funds funds Funds
f f f f
Staff costs 58,547 58,547 43,350
Insurance 1,050 1,050 1,118
Electricity, gas and water 1,582 1,582 1,667
Telephone 439 439 414
Postage and stationery 196 196 130
Sundry expenses 6,646 6,646 6,558
(Profit)/loss on disposal of fixed assets (390)
Depreciation 194 194 187
Fundraising event expenses 2,776 2,776 4,668
71,430 71,430 57,702

Direct costs Support costs Governance Totals
(Seenote 8) (Seenote 9) costs
f E (See note 9)
E		 f
Children's services 344,589 159,227 3,628 507,444
Adult services 141,826 74,740 1,703 218,269
Training services 122,289 71,491 1,629 195,409
608,704 305,458 6,960 921,122

2022 2021
Children' s Adult Training Total Total
services
f		 services
E		 Servicesf Activities
f		 Activities
f
Staff costs 331,169 138,689 118,207 588,065 574,182
Travel expenses 99 64 163 115
Accommodation and catering 2,383 2,383 2,694
Staff training 1,999 64 3,589 5,652 8,757
Recruitment
Advertising 6,000 3,000 9,000 10,875
Sundry expenses 2,939 73 429 3,441 2,048
344,589 141,826 122,289 608,704 598,671

Support c ost s
2022 2021
Total Total
activities activities
E E
Wages 125,447 130,984
Social security 12,287 12,363
Pensions 9,391 9,739
Postage and stationery 3,079 2,036
Insurance 16,454 17,512
Electricity, gas and water 24,787 26,110
Telephone 6,875 6,483
Professional fees 6,279 7,641
Sundry expenses 3,685 4,246
Maintenance expenses 28,064 17,810
Equipment rental charges 18,547 23,214
Motor and travel expenses 722 741
Staff training 1,250 937
Recruitment charges 5,729 2,312
ITsupport and
maintenance 15,285 22,535
Bank interest and charges 7,574 5,055
Bank loan interest 11,562 13,018
Payroll and other charges 5,115 4,858
Hire purchase interest
charges 282 372
(Profit)/loss on disposal of (6,110)
fixed assets
Depreciation oftangible 3,044 2,941
fixed assets
305,458 304,797
Governance costs
2022 2021
Total Total
activities Activities
E E
Auditor's
remuneration		 6,960 6,960
6,960 6,960

2022 2021
E E
Auditors'
remuneration		 6,960 6,960
Depreciation -owned assets 3,238 1,325
Depreciation -assets on hire purchase contracts and finance leases 1,825

2022 2021
E E
Wages and salaries 678,131 645,197
Social security costs 45,835 54,005
Other pension costs 69,771 71,416
793,737 770,618
2022 2021
Average monthly
number of employees		 during the year 32 30

2021
Unrestricted Restricted Total
fund Funds Funds
E E E
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 182,535 243,211 425,746
Charitable
activities
Children's
services		 261,352 261,352
Adult services 81,510 24,112 105,622
Training services 164,377 164,377
Other trading activities 17,548 17,548
Investment
income
Total 707,322 267,323 974,645
EXPENDITURE ON
Raising funds 57,702 57,702
Charitable
activities
Children's
services		 320,204 162,954 483,158
Adult services 69,193 156,465 225,658
Training
services		 201,612 201,612
Total 648,711 319,419 968,130
NET INCOME 58,611 (52,096) 6,515
Transfers between funds
Net movement
in		 funds 58,611 (52,096) 6,515
RECONCILIATION OF FUNDS
Total funds brought forward 904,834 52,096 956,930
TOTAL FUNDS CARRIED FORWARD 963r445 963,44S

Motor
vehicles,
Freehold computers
land and and fixtures
property and fittings Totals
6 6 6
COST
At 1August 2021 1,400,000 80,594 1,480,594
Additions
Disposals
At 31July 2022 1,400,000 80,594 1,480,594
DEPRECIATION
At 1August 2021 67,503 67,503
Charge for year 3,238 3,238
Eliminated
on disposal
At 31July 2022 70,741 70,741
NET BOOK VALUE
At 31July 2022 1,400,000 9,853 1,409,853
At 31July 2021 1,400,000 13,091 1,413,091

2022 2021
E
Other debtors 89p356 74,629
Prepayments
and accrued income		 32,814 4,352
122,170 78,981
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2020
E E
Bank loans and overdrafts
(see note 19)		 183,148 127,814
Hire purchase (see note 20) 925
Trade creditors 26,742 937
Social security and other taxes 13,792 11,781
0th er creditors 9,399 6,713
Deferred income 93,646 100,774
Accrued expenses 16,282 39,124
343,009 288,068

2022 2021
E E
Beginning ofyear 100,774 127,713
Received during year 93,646 97,750
Released during year (100,774) (124,689)
End ofyear 93,646 100,774
18. CREDITORS: AMOUNTS CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
6 f
Bank loans (see note 19) 195,790 240,909
Hire purchase (see note 20)
195,790 240,909
19. LOANS
An analysis of the maturity of loans is given below:
2022 2021
6 f
Amounts
falling due within one year or on demand:
Bank overdraft 136,516 82,889
Bankloans 46,632 44,925
183,148 127,814
Amounts
falling between		 one and two years:
Bank loans -1-2years 48,104 46,308
Amounts
falling due between two and five years.
Bank loans -2-5years 131,874 142,532
Amounts
falling due in more than five years:
Repayable by instalments:
Bank loans —more than 5 years by instalments 15,812 52,069

Hire purchase contracts
2022 2021
E
Net obligations repayable:
Within one year 925
Between one and five years
925
Operating
leases
2022 2021
E f
Within one year 19,388 19,368
Between two and five years 48,420 67,788
In more than five years
61. 88 81,
SECURED DEBTS
The following secured debts are included within creditors:
2022 2021
E E
Bank overdraft 136,516 82,889
Bankloans 242,422 285,834
Hire purchase contracts 925
378,938 369,648

Net Transfer
movement
in		 between
At 1.8.21 funds funds At31.7.22
E E E E
Unrestricted
funds
General fund 963,445 30,005 993,450
Restricted funds
Children's
Services fund
Rehabilitation
fund
Fixtures,
Fittings		 and Equipment fund
TOTAL FUNDS 963,445 30,005 - 993,450
Net movement in funds, included in the above are as follows:
Incoming Resources Movement in
resources expended funds
E E E
Unrestricted
funds
General
fund		 784,842 (754837) 30r005
Restricted funds
Children's
Services fund		 114,377 (114,377)
Rehabilitation
fund		 83,503 (83,503)
Fixtures,
Fittings		 and Equipment fund 39,835 (39,835)
237,715 (237,715) 30,005
TOTAL FUNDS 1,022,557 (992,552) 30,005

Ns't Transfer
movement
in		 between
At 1.8.20 funds funds At 31.7.21
E E
Unrestricted funds
General fund 904,834 58,611 963,445
Restricted funds
Children's
Services fund		 3,156 (3,156)
Rehabilitation fund 48,940 (48,940)
Fixtures, Fittings and Equipment fund
52,096 (52,096)
956,930 6,515 963,445
Net movement in funds, included in the above are as follows:
Incoming Resources Movement
Resources Expended in funds
E f E
Unrestricted funds
General fund 707,322 (648,711) 35,312
Restricted funds
Children's
Services fund		 144,798 (147,954) (3,156)
Rehabilitation fund 107,525 (156p465) (48,940)
Fixtures,
Fittings		 and Equipment fund 15,000 (15,000)
267,323 (319,419) (52,096)
974,645 (968,130) 6,515

Net Transfer
movement
In		 between
At 1.8.20 funds funds At 31.7.22
E E E
Unrestricted funds
General fund 904,834 88,616 993,450
Restricted funds
Children's
Services fund		 3,156 (3,156)
Rehabilitation fund 48,940 (48,940)
Fixtures,
Fittings		 and Equipment fund
52,096 (52,096)
956,930 36,520 993,450
Net movement in funds, included in the above are as follows:
Incoming Resources Movement
Resources Expended in funds
E E E
Unrestricted funds
General fund 1,492,164 (1,403,548) 88,616
Restricted funds
Children's
Services fund		 259,175 (262,331) (3,156)
Rehabilitation fund 191,028 (239,968) (48,940)
Fixtures,
Fittings		 and Equipment fund 54,835 (54,835)
505,038 (557,134) (52,096)
1,997,202 (1,960,682) 36,520

Analysis ofnet assets between
funds
Unrestricted Restricted
Fund Funds Total
E E E
Tangible fixed assets 1,409,853 1,409,853
Net current assets/(liabilities) (220,613) (220,613)
Creditors:
amounts falling due in more than one year (195,790) (195,790)
Total net assets 993,450 993,450