##
##
||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-guldancIOr-audltorS/AultorS-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|
##
##
##
##
##
##
##
##
##