##
||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|
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|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||||||||
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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)|
##
##
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##
##
##
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##
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##
##
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##
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##
##
##
##
##
##
|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)|
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|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|
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