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2023-07-31-accounts

Page
Report ofthe Trustees 1to17
Report ofthe Independent
Auditors		 18to 20
Statement
of Financial Activities		 21
Balance Sheet 22to 23
Cash Flow Statement 24
Notes to the Cash Flow Statement 25
Notes to the Financial Statements 26to 48

o The Milestone Club For children
aged between		 0 and 3years of age working alongside alongside
parents/guardians.
o The Red Boots Nursery For children aged between 3 and 5 years ofage.
o The Red Boots School For children aged between 5 and 11years of age following a primary
school curriculum.
o Intensive
movement		 For children
aged between		 7 and 14years ofage receiving 2 or 3week
training block placements.
o Mainstream
school		 For children
with developmental		 co-ordination
disorders.
sessions
o Adult Conductive Regular sessions for adults living with the effects of Parkinson' s, strokes,
rehabilitation multiple
sclerosis, cerebral		 palsy and other neurological movement disorders.
and treatment

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBER5 OF THE FOUNDATION FOR CONDucnvE EDUCAnoN IREfj15TERED NUMBER: 20837541 A further descrSption of our responslbllltle5 for the audlt of the financial statements Is located on the Financlal Reporting Counal's website www.frc.org-uk/Our-WorklAudiVAudlt-anO-assurancelStandard5-and- guidance/StaniJards-and-Ruidance-for-auditors/Auditors-responsibilities-for-auditlDesciiption-of-auditDf5- responsibllities-for-audit.aspx. This description forms part of our Report of the Independent Auditors. Use of oui report This report is rnade 501ely to the charitable company'5 member5, a5 a body, In accordance with Chapter 3 of Part 16 of the Companie5 Act 2006. Our audit work h35 been undertaken 50 that we mi8ht state to the charitable company'5 members those matters we are required to State to them in an auditors. report and for no other purpose. To the fullest extent permitted by law, WE do not accept or assume responsibillty to anyone othef than the charitable company and the charitable company's members as a body, for our audit work. for this report, or for the oplnlons we havE formed. Peter Smlth ACA Isenlor Statutory Audltorl for and on behalf of I W Hlnks LLP Charterod Accountants and Statutory Audltors 19 Highfièld Road Edgbaston 81rmlngham 815 38H Date.. 26 October 2023 Page 20

2023 2022
Unrestricted Restricted Total funds Total funds
fund funds
Note E f
INCOME AND ENDOWMENTS FROM
Donations and legacies 129,534 173,071 302,605 495,287
Charitable
activities
Children's
services		 243,539 243,539 250,601
Adult services 79,191 79,191 83,333
Training services 174,587 174,587 167,505
Other trading
activities		 88,617 88,617 25,831
Investment
income		 848 848
Total 716,316 173,071 889,387 1,022,557
EXPENDITURE ON
Raising funds 104,516 104,516 71,430
Charitable
activities
Children's
services		 365,243 126,698 491,941 507,444
Adult services 170,415 46,373 216,788 218,269
Training services 187,325 187,325 195,409
Total 827,499 173,071 1,000,570 992,552
Net movement
in funds		 (111,183) (111,183) 30,005
RECONCILIATION
OF FUNDS
Total funds brought forward 993,450 993,450 963,445
TOTAL FUNDS CARRIED FORWARD 882,267 882,267 993,450

2023 2022
Totalfunds Totalfunds
Note
FIXEDASSETS
Tangible assets 15 1,429,591 1,409,853
CURRENT ASSETS
Debtors 16 108,326 122,170
Cash at bank and in hand 484 226
108,810 122,396
CREDITORS
Amounts
falling due within one year		 17 (505,132) (343,009)
NET CURRENT ASSETS/(LIABILITIES) (396,322) (220,613)
TOTAL ASSETS LESSCURRENT LIABILITIES 1,033,269 1,189,240
CREDITORS
Amounts
falling due after more than one year		 18 (151,002) (195,790)
NET ASSETS 882,267 993,450
FUNDS 22
Unrestricted
funds		 882,267 993,450
Restricted funds
TOTAL FUNDS 882,267 993,450

2023 2022
Notes E E
Cash flows from operating activities:
Cash generated
from operations		 (89,931) (9,414)
Net cash provided
by (used in) operating		 activities (89,931) (9,414)
Cash flows from investing activities:
Purchase oftangible
fixed		 assets (24,718)
Disposal oftangible
fixed assets
Interest received 848
Net cash provided
by (used in) investing		 activities (23,870)
Cash flows from financing activities:
New loans in year
Bank loan repayments
in year		 (44,487) (43,412)
Capital repayments
in year		 (925)
Net cash provided
by (used in) financing		 activities (44,487) (44,337)
Change
in cash and cash equivalents		 in the
reporting
period		 (158,288) (53,751)
Cash and cash equivalents at the beginning ofthe
reporting
period		 2 (136,290) (82,539)
Cash and cash equivalents at the end of the
reporting
period		 (294,578) (136,290)

RECONCILIATION OF NET INCOME TO NET OF NET INCOME TO NET OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES ACTIVITIES
2023 2022
E E
Net (expenditure)/income
for the reporting		 period (as per the statement
offinancial activities) (111,183) 30,005
Adjustments
for:
Depreciation
charges		 4,980 3,238
Profit on disposal of tangible fixed assets
Interest received (848)
(Increase)/decrease in debtors 13,844 (43,189)
Increase/(decrease) in creditors 3,276 532
Net cash provided by (used in) operating activities (89,931) (9,414)
ANALYSIS OF CHANGES IN NET FUNDS
At 1.8.22 Cash flow At 31.7.23
E E E
Net cash
Cash in hand 75 254 329
Notice deposits (less than 3 months) 151 4 155
Overdrafts
included		 in bank loans and overdrafts
falling due within one year (~136,516 (1~58,546 (29~5,062
Total (136,290) (158,288) (294,578)

DONATIONS
AND LEGACIES
2023 2022
Unrestricted Restricted Total Total
funds funds funds Funds
E E E f
Gifts and donations 129,134 173,071 302,205 420,322
Legacies 400 400 74,965
129,534 173,071 302,605 495,287
2023 2022
E E
The Alison
Hillman
Charitable		 Trust 5,100 5,192
The Barbara Naylor Charitable Trust 15,000 39,835
The Blakemore
Foundation		 5,000 5,000
The D M F Ellis Charitable
Trust		 4,590
The D'Oyly Carte Charitable Trust 3,500
The Edward
Cadbury
Charitable		 Trust 5,000
The Edward
and Dorothy Cadbury		 Trust 5,000 5,000
The Edward Gostling
Foundation
The Eveson Charitable
Trust		 30,447 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 10,000
The Loppylugs
and Barbara		 Morrison Charitable Trust 5,300 4,800
The Lord Austin Trust 3,000
The Roger and Douglas Turner Charitable Trust 8,000 7,000
The Saintbury
Trust		 10,000 10,000
The Screwfix Foundation 3,796
The Sheldon Trust 4,000 4,000
The Souter Charitable
Trust		 3,000 3,000
The William
A Cadbury
Charitable		 Trust 20,000
The 29'" May 1961Charity 10,000
5Anisiobi 3,000
J Blundell 3,000
Foremost Hotels 5,000
Orlaith
Cycle Challenge		 32,333
Solihull Preparatory
School		 3,880
Balance carried forward 177,113 223,120

2023 2022
E E
Balance brought forward 177,113 223,120
StJames's Place Foundation 40,265
M Simmons 10,000 30,000
Balance —anonymous items and donations less than 63,000 in value 115,092 126,937
302,205 420,322

2023 2022
Unrestricted Restricted Total Tota
I
funds funds funds Funds
E E E E
Fundraising events 88,617 88,617 25,831
4. INVESTMENT INCOME
2023 2022
Unrestricted Restricted Total Tota
I
funds funds funds funds
E E 6 E
Deposit account interest 848 848
5. INCOME FROM CHARITABLE ACTIVITIES
2023 2023
Chgdren's Adult Training Total Total
services services seNlces activities Activities
E E E
Children's fees 240,427 240,427 244,036
Grants 4,304
Other income 3,112 3.111 3,111 9,334 15,391
Adult services 76,080 76,080 76,768
Training & consultancy fees 171,476 171,476 160,940
243,539 79,191 174,587 497,317
2022 250,601 83,333 167,505 501,439

Unrestricted Restricted
funds funds 2023 2022
E E F. E
HMRC
(Coronavirus Job Retention Scheme)—
General fund 4,304
4,304
6. RAISING FUNDS
Raising donations and legacies
2023 2022
Unrestricted Restricted Total Total
funds funds funds Funds
E E E
Staff costs 68,572 68,572 58,547
Insurance 1,114 1,114 1,050
Electricity, gas and water 1,603 1,603 1,582
Telephone 446 446 439
Postage and stationery 221 221 196
Sundry expenses 6,744 6,744 6,646
(Profit)/loss on disposal offixed assets
Depreciation 299 299 194
Fundraising event expenses 25,517 25,517 2,776
104,516 104,516 71,430

Direct costs Support costs Governance Totals
(Seenote 8) (See note 9) costs
(Seenote 9)
E E E E
Children's services 341,795 147,018 3,128 491,941
Adult services 146,308 69,012 1,468 216,788
Training services 119,914 66,007 1,404 187,325
608,017 282,037 6,000 895,604

2023 2023
Children' s Adult Training Total Tata I
services services Services Activities Activities
E f E E f
Staff costs 330,532 144,670 112,017 587,219 588,065
Travel expenses 243 294 537 163
Accommodation and catering 2,108 133 2,241 2,383
Staff training 2,708 64 6,991 9,763 5,652
Recruitment
Advertising 3,600 1,522 5,122 9,000
Sundry expenses 2,604 52 479 3,135 3,441
341,795 146,308 119,914 608,017 608,704

Support co st s
2023 2022
Total Total
activities activities
E E
Wages 105,221 125,447
Social security 9,918 12,287
Pensions 3,500 9,391
Postage and stationery 3,461 3,079
Insurance 17,458 16,454
Electricity, gas and water 25,122 24,787
Telephone 6,981 6,875
Professional fees 5,546 6,279
Sundry expenses 3,948 3,685
Maintenance expenses 23,886 28,064
Equipment rental charges 20,358 18,547
Motor and travel expenses 706 722
Staff training 365 1,250
Recruitment charges 890 5,729
ITsupport and
maintenance 17,963 15,285
Bank interest and charges 13,560 7,574
Bank loan interest 11,902 11,562
Payroll and other charges 6,571 5,115
Hire purchase interest
charges 282
(Profit)/loss on disposa Iof
fixed assets
Depreciation oftangible 4,681 3,044
fixed assets
282,037 305,458
Governance costs
2023 2023
Total Total
activities Activities
E f
Auditor's
remuneration		 6,000 6,960
6,960

2023 2022
E 6
Auditors' remuneration 6,000 6,960
Depreciation —owned assets 4,980 3,238

2023 2022
6 E
Wages and salaries 663,585 678,131
Social security costs 54,865 45,835
Other pension costs 55,980 69,771
774,430 793,737
2023 2022
Average monthly
number of employees		 during the year 34 32

COMPARATIVE
S		 TA TEMENT OF FINANCIAL ACTIVIT IES FOR THE YEAR ENDED 31J ULY2022
2022
Unrestricted Restricted Total
fund Funds Funds
E E E
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 257,572 237,715 495,287
Charitable
activities
Children's
services		 250,601 250,601
Adult services 83,333 83,333
Training services 167,505 167,505
Other trading
activities		 25,831 25,831
Investment
income
Total 784,842 237,715 1,022,557
EXPENDITURE ON
Raising funds 71,430 71,430
Charitable
activities
Children's
services		 353,232 154,212 507,444
Adult services 134,766 83,503 218,269
Training services 195,409 195,409
Total 754,837 237,715 992,552
NET INCOME 30,005 30,005
Transfers between funds
Net movement
in		 funds 30,005 30,005
RECONCILIATION OF FUNDS
Total funds brought forward 963,445 963,445
TOTAL FUNDS CARRIED FORWARD 993,450 993,450

Motor
vehicles,
Freehold computers
land and and fixtures
property and fittings Totals
E E E
COST
At 1August 2022 1,400,000 80,594 1,480,594
Additions 24,718 24,718
Disposals
At 31July 2023 1,400,000 105,312 1,505,312
DEPRECIATION
At 1August 2022 70,741 70,741
Charge for year 4,980 4,980
Eliminated
on disposal
At 31Iuly 2022 75,721 75,721
NET BOOK VALUE
At 31July 2023 1,400,000 29,591 1,429,591
At 31July 2022 1,400,000 9,853 1,409,853

2023 2022
E E
Other debtors 97,168 89,356
Prepayments
and accrued income		 11,158 32,814
108,326 122,170
17. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
E f
Bank loans and overdrafts
(see note 19)		 341,995 183,148
Trade creditors 21,036 26,742
Social security and other taxes 12,685 13,792
Other creditors 7,097 9,399
Deferred
income		 104,605 93,646
Accrued expenses 17,714 16,282
505,132 343,009
Deferred income
A summary
of movements		 in deferred income during the year is as follows.
2023 2022
f E
Beginning ofyear 93,646 100,774
Received during year 104,605 93,646
Released during year (93,646) (100,774)
End ofyear 104,605 93,646
18. CREDITORS'.AMOUNTS CREDITORS'.AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
E f
Bank loans (see note 19) 151,002 195,790
151,002 195,790
19. LOANS
An analysis ofthe maturity of loans is given below:
2023 2022
E E
Amounts
falling due within		 one year or on demand:
Bank overdraft 295,062 136,516
Bankloans 46,933 46,632
341,995 183,148
Amounts
falling between		 one and two years:
Bank loans —1-2years 50,166 48,104
Amounts
falling due between two and five years:
Bank loans —2-5 years 97,579 131,874
Amounts
falling due in more than five years'.
Repayable by instalments:
Bank loans —more than 5 years by instalments 3,257 15,812

Operating
leases
2023 2022
f f
Within one year 19,080 19,368
Between two and five years 73,140 48,420
In more than five years
62,226 67,7

2023 2022
6 f
Bank overdraft 296,062 136,516
Bank loans 197,936 242,422
492,997 378,938

Net Transfer
movement
in		 between
At 1.8.23 funds funds At 31.7.23
f E E E
Unrestricted funds
General fund 993,450 (111,183) 882,267
Restricted funds
Children's
Services fund
Rehabilitation fund
Fixtures, Fittings and Equipment fund
TOTALFUNDS 993,450 (111,183) 882&267
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 716,316 (827,499) (111,183)
Restricted funds
Children's
Services fund		 106,198 (106,198)
Rehabilitation fund 46,373 (46,373)
Fixtures, Fittings and Equipment fund 20,500 (20,500)
173,071 (173,071)
TOTALFUNDS 889,387 (1,000,570) (111,183)

Net Transfer
movement
in		 between
At 1.8.21 funds funds At 31.7.22
f f f
Unrestricted funds
General fund 963,445 30,005 993,450
Restricted funds
Children's
Services fund
Rehabilitation fund
Fixtures, Fittings and Equipment fund
963,445 30,005 993,450
Net movement in funds, included in the above are as follows:
Incoming Resources Movemant
Resources Expended In funds
E f E
Unrestricted funds
General fund 784,842 (754,837) 30,005
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)
1,022,557 (992+52) 30,005

Net Transfer
movement
in		 between
At 1.8.21 funds funds At 31.7.23
E E E
Unrestricted funds
General fund 963,445 (81,178) 882,267
Restricted funds
Children's
Services fund
Rehabilitation fund
Fixtures, Fittings and Equipment fund
963,465 (81,178) 882,267
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 1,501,158 (1,582,336) (81,178)
Restricted funds
Children's
Services fund		 220/575 (220' 575)
Rehabilitation fund 129,876 (129,876)
Fixtures, Fittings and Equipment fund 60,335 (60,335)
410,786 (410,786)
1,911p944 (Lp993,122) (81,178)

Analysis ofnet assets between
funds
unrestricted Restricted
Fundf Funds
E		 Total
E
Tangible fixed assets 1,429,591 1,429,591
Net current assets/(liabilities) (396,322) (396,322)
Creditors:
amounts falling due in more than one year (151,002) (151,002)
Total net assets BB2,267 862,267