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2024-03-31-accounts

Coram Life Education

Annual Report and Financial Statements

31 March 2024

Company Limited by Guarantee Registration Number 02328941 (England and Wales) Charity Registration Number 800727

Contents

Reports

Reference and administrative information 1
Chair’s and National Director’s statement 3
Trustees’ report 4
Independent auditor’s report 16
Financial statements
Statement of financial activities 21
Balance sheet 22
Statement of cash flows 23
Principal accounting policies 24
Notes to the financial statements 29
Appendix
Comparative statement of
financial activities 37
Comparative notes to the
financial statements 38

Coram Life Education

Reference and administrative information

Patrons Her Majesty The Queen
Professor Sir Albert Aynsley-Green Kt
Trustees James Hadley (Chair)
Andre Bailey
Anthony Gamble
Andrew Lovell
Olivia Margo
John Pickett
Frances Soul
James Whittingham
National Director and Company Secretary Dr Carol Homden CBE
Senior Management Team
Managing Director Harriet Gill
Head of Education Jan Forshaw
Registered office Coram Campus
41 Brunswick Square
London
WC1N 1AZ
Charity registration number 800727
Company registration number 02328941 (England and Wales)
Website www.coramlifeeducation.org.uk
Auditor Buzzacott LLP
130 Wood Street
London
EC2V 6DL

Coram Life Education 1

Reference and administrative information

Bankers NatWest Bank Moorgate Branch Branch 94 Moorgate London EC2M 6UR Coutts & Co Strand Office 440 Strand London WC2R 0QS Solicitors Wilsons LLP Steynings House Fisherton Street Salisbury Wiltshire SP2 7RJ

Coram Life Education 2

Chair’s and National Director’s statement Year to 31 March 2024

In the last year, Coram Life Education and our network of delivery partners across the UK helped 588,000 children in 2,700 schools, providing both our SCARF digital curriculum and direct delivery of Personal, Social, Health and Economic education.

This is a growth of c.3% over the previous year. Both this growth and the loyalty of existing schools reflects the value they place upon the resources and support we provide to them. The consistent feedback is that we are their primary partners in developing the critical thinking and social & emotional skills for children and young people in the digital-first, post-Covid era.

There seems little doubt that this has never been more important. The number of children and young people intermittently absent from the classroom has doubled in the first few years after the pandemic. All too many are struggling with anxiety and learning engagement and, with so many pressures on families, addressing the wellbeing of the next generation must be a key national priority.

Coram Life Education has responded by developing a free Mental Health Toolkit, new workshops in self-regulation in the early years, and workshops in developing skills and strategies to support mental wellbeing. We have also developed additional Family SCARF resources, designed to show parents how Safety, Caring, Achievement, Resilience, and Friendship are gateways to wellbeing.

Partnership and collaboration with a wide range of organisations – including Newcastle University, Rights Respecting Schools-UNICEF UK, and the Natasha Allergy Research Foundation – is a key platform for joint action to support schools in the challenges they face and our strategy for the future.

Our thanks go to all of them, and all who make this vital work possible - our specialist educators, dedicated teachers, supporters including the Education Endowment Foundation, and the hundreds of volunteers across our network – all inspired by the infectious joy of children in learning the skills they need for their future.

James Hadley Chair

Dr Carol Homden CBE National Director

Coram Life Education 3

Trustees’ report Year to 31 March 2024

The Trustees, who are the directors for company law purposes, present their report and financial statements of Coram Life Education (CLE) for the year ended 31 March 2024.

The financial statements have been prepared in accordance with the accounting policies set out on pages 24 to 28 and comply with the charitable company’s Memorandum and Articles of Association, the Companies Act 2006 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102).

The report has been prepared in accordance with Part VIII of the Charities Act 2011.

Scope of the financial statements

The annual report and financial statements are in respect to Coram Life Education as a standalone charity only.

Coram Life Education is part of the Coram Group and its ultimate controlling party, The Thomas Coram Foundation for Children, Registered Charity No. 312278, (Coram), consolidates the financial statements of Coram Life Education. Coram is the majority member of Coram Life Education, holding 75% of the voting rights. The remaining 25% of the voting rights are held by Delivery Partners.

Objectives and activities

The objectives of the charity are to provide well researched, evidence-based health education and life-skills development programmes, including online resources, to engage and inspire children and support schools in fulfilling their spiritual, moral, social and cultural responsibilities, for health and drug education, and to encourage responsible behaviour and positive choices in relation to personal relationships and peer influence. The charity also supports schools to enhance the curriculum with online teaching resources and professional development of staff.

The principal activities are to:

Coram Life Education 4

Trustees’ report Year to 31 March 2024

Objectives and activities (continued)

Public benefit

The Trustees have taken the Charity Commission's public benefit guidance into account when reviewing the charity's aims and objectives and in planning future activities. The charitable purposes and activities set out above are largely focused on the provision of services to support schools in developing the emotional wellbeing and physical health of children in the UK.

Volunteers

As well as the CLE Board of Trustees, Coram Life Education is actively supported by a national network of over 125 volunteers, many of them Rotarians. This is particularly true of Delivery Partners and Branch support groups where, in addition to acting as local trustees, volunteers undertake administrative, supervisory and other tasks essential to developing the role and reputation of Life Education in the community.

These include engaging the interest and support of local people, managing staff, and fundraising. A monthly network-wide Zoom meeting is held with stakeholders from all areas, supplemented by an AGM and annual conference.

Achievements and performance

Programme development and delivery

Coram Life Education is the UK’s leading charity provider of Personal, Social, Health and Economic (PSHE) education and we have nearly 40 years’ experience delivering memorable, engaging wellbeing education programmes.

In the last academic year, we worked with 2,760 primary schools in local communities, reaching 588,295 children through our online resources called ‘SCARF’, and high quality, educator-led workshops delivered via ‘LifeSpace’ pop up classroom, in the school classroom or live online, an increase of 2.5% over the previous year.

Evidence shows that being educated in core life skills early on in life gives children the best chance of developing the resilience, confidence and practical skills to navigate life on and offline, empowering them to make changes to last a lifetime.

Coram Life Education 5

Trustees’ report Year to 31 March 2024

Achievements and performance (continued)

Programme development and delivery (continued)

Our vision is for children to acquire the life skills needed to thrive. Our values for children of Safety, Caring, Achievement, Resilience, Friendship are the basis of a whole-school approach to children’s health, their emotional wellbeing and their achievement. This is also a priority for schools, where academic achievement is a central purpose but cannot be developed effectively if children do not feel safe, cared for, resilient and have a sense of belonging that comes from friendships and relationships.

Our network of educators – via community-based, licensed delivery partners and CLEcontrolled branches deliver Personal, Social, Health and Economic (PSHE) education workshops, part of which includes Relationships, Sex and Health Education, We go way beyond the curriculum to help children understand, explain and regulate emotions, equip them to navigate risk, to stay safe on and off line, and to develop healthy relationships, in preparation for adolescence and adulthood.

CLE’s approach develops children’s knowledge, skills and attitudes, and is designed to give pupils a voice and for them to feel empowered. Harold, CLE’s healthy-living giraffe mascot, helps to convey these messages to children, within a magical learning environment.

"The children loved the workshop and learned so much with you. You are incredibly skilled and we are blessed to have you in our augmented team, helping us empower our children to love and look after themselves and others well…It is a shame you don’t see the magic you leave behind but I hope you know the difference you make to the schools you work with."

Head teacher, Gloucestershire.

Policy and practice

CLE produces comprehensive guidance and tools to help schools in their engagement with parents, particularly in relation to Relationships, Sex and Health Education (RSHE). During the year we commissioned research by Durham University to understand the needs of parents in regard to the RSHE that their children’s schools deliver, concluding that parents are overwhelmingly supportive of the curriculum and value opportunities to engage with schools to understand what is being taught and how learning can take place at home alongside school.

We responded to the government’s draft guidance for schools on Gender Questioning Children , highlighting the need for schools to promote inclusivity, challenge gender stereotypes, and address bullying, cross-referencing to safeguarding, the RSHE curriculum, and Ofsted judgement on Personal Development. Children and young people who seek support should feel safe and empowered to do so, to know that the school and wider services are equipped and confident to support them, involving parents with due consideration of safeguarding risks, and placing children’s best interests at the heart of process.

Coram Life Education 6

Trustees’ report Year to 31 March 2024

Achievements and performance (continued)

Policy and practice (continued)

During the year ahead it is expected that the government will review current RSHE guidance, and we will reinforce the value of the existing curriculum, and approaches that prepare children for adolescence, puberty, healthy relationships, and critical awareness of online behaviour and harms.

With 50,000 teacher subscribers to SCARF, teachers continue to take up our training offer with themes to support RSHE, working with parents, and growing & changing (puberty). Teacher training takes place online or in-person, helping them to develop greater confidence to teach the PSHE (of which RHSE is a subset) curriculum, putting children’s voices and empowerment at the centre of their teaching, and offering expert guidance to help ease their workloads. More than 21,000 teachers attended training, SCARF staff sessions, or observed our educator-led workshops (in which we model appropriate teaching and learning strategies).

Internal communication

We continue to meet online every month with the CLE network of chairs, trustees and managers, and to do the same with the educator network, in furtherance of their continuing professional development. Wider ad hoc training takes place to induct staff, offer more indepth training and support business development initiatives to help the charity grow.

Our national network conference is considering the theme of “the magic we leave behind” addressing the impact evidence and value to schools by our 120 delivery partner volunteers and trustees who support educator staff to deliver expert services in their communities.

With our new chair, James Hadley, our CLE trustees meet quarterly to consider the strategic opportunities and challenges ahead, and they play an active role in wider communication channels, at our conference and contributing their expertise as members of an expert Education Reference Group.

Development of the organisation

According to the NHS digital survey 2022, 18% of children aged 7 to 16 years had a probable mental disorder. These rates rose from 1 in 9 (12.1%) in 2017 to 1 in 6 (16.7%) in 2020. 11 to 16 year olds with a probable mental disorder were less likely to feel safe at school (61.2%) than those unlikely to have a mental disorder (89.2%). They were also less likely to report enjoyment of learning or having a friend they could turn to for support.

Coram Life Education, the UK’s leading primary PSHE education charity, exists to tackle this issue and prioritised children's mental health in primary school and nursery settings, with innovative workshops and measurement tools.

With the support of the Education Endowment Foundation, we completed a year-long pilot to improve emotional self-regulation for children in the early years, reaching 1,000 children in nurseries in the South West.

Coram Life Education 7

Trustees’ report Year to 31 March 2024

Achievements and performance (continued)

Development of the organisation (continued)

We also launched new Mental Wellbeing Workshops to equip children with the skills and positive mental attitudes they need to be resilient and bounce back from setbacks. Evidencebased and with practical strategies known to enhance mental health and wellbeing, our innovative workshops include in-depth learning about how the human brain works and how to translate this knowledge into positive action that supports mental wellbeing, giving pupils a voice, helping them feel empowered and enabling them to identify and articulate their needs and feelings. Harold, our puppet giraffe mascot, interacts with children to create a memorable experience.

“A huge thank you for adding something a little bit different to our term! Initially the children thought they would be going on a bouncy castle when they saw the tent but thankfully they weren’t disappointed that it wasn’t a bouncy castle as they loved being inside the tent, watching the engaging videos and lights and of course interacting with Harold!” PSHE Lead.

“A brilliant workshop. My children all enjoyed it and can confidently talk about what they had learnt. The workshop was very interactive so the children didn't lose focus. Thank you”. PSHE Lead .

Alongside these impactful new approaches aimed at giving children skills for the future, more than 7,000 children have completed our new Wellbeing Survey since its launch in September 2023, enabling schools to take a temperature check of primary pupil wellbeing, using the validated Stirling Children’s Wellbeing Survey.

Findings from this along with feedback from teachers and parents, enable us to adapt and develop resources to support schools in meeting the changing needs of children at a time when the increase in school non-attendance and on-line safety are high on the national agenda.

Risk management

The Trustees have assessed the major risks to which the charity is exposed, both operational and financial, and are satisfied that appropriate measures are in place to limit and manage those risks. A Business Continuity Plan and Risk Register have been reviewed by the Trustees and made available to all local partners for adaptation and implementation .

The key risks identified in the plan, along with the relevant mitigating actions, are:

1. People

Significant absence/poor retention of key staff and volunteers mitigated by regular training opportunities, appropriate terms and conditions, and wider HR procedures.

2. Finance

Inability to secure and sustain income through school fees and fundraising mitigated by robust plans for growth and product development relevant to schools.

Coram Life Education 8

Trustees’ report Year to 31 March 2024

Risk management (continued)

3. Data

IT, system or software failure; Loss/theft of sensitive, personal or confidential data mitigated by the data security support of the Coram group.

4. Reputation and relevance

CLE’s service offer no longer meeting customer need mitigated by constant development of the curriculum and online resources addressed to core learning requirements.

Financial review

Financial overview

Total income for the year ended 31 March 2024 was £798,835 (2023: £756,336). Total expenditure for the year ended 31 March 2024 was £782,626 (2023: £695,141).

The surplus for the year, therefore, was £16,209 (2023: £61,195). This included a surplus on unrestricted funds of £3,312 (2023: £48,328) and a surplus on restricted funds of £12,897 (2023: £12,867).

Reserves policy

Coram Life Education aims to hold a reserve of four months expenditure as its general reserve. This will:

At the end of the 2023/24 financial year our total funds stood at £16,251 which included restricted funds of £49,535 (2023: £36,638) and unrestricted funds totalling a deficit of £33,284 (2023: £36,596). With the exclusion of reserves represented by fixed assets, the free reserves of the charity at 31 March 2024 were at a deficit £43,364 (2023: £36,596) compared to a target of £260,875.

Progress continues to be made towards achieving the targeted level of reserves. This will be achieved by sale of online resource subscription, offering a diverse product range to build the capacity and income generation potential of licence fee paying Delivery Partners and branches together with diversification of income sources. The charity also continues to have the support of its parent entity, Coram, which has given an undertaking to provide financial support if and when needed.

Coram Life Education 9

Trustees’ report Year to 31 March 2024

Financial review (continued)

Reserves policy (continued)

Trustees recognise the need to regularly monitor reserves alongside financial performance to ensure an adequate level of reserves is maintained. This policy will be reviewed annually in the light of (i) any gap between target and actual reserves, (ii) progress with any actions, which may be required to ensure adequate reserves, are maintained and (iii) changing uncertainties in the external environment.

Future plans

As we prepare for our new 3-year business plan, Coram Life Education is committed to our strategic goal that all children can gain skills they need for life.

Growth in reach and impact

We will deliver campaigns and initiatives to demonstrate the value to schools of our combined, affordable educator-led workshops, online SCARF resources and teacher training. Our successful SCARF Tour & Trial will continue, along with initiatives with wider Coram experts to offer schools toolkits and training to enhance children’s wellbeing.

We will prioritise new areas of the country for growth of SCARF schools and will share case studies of our SCARF schools that take a whole-school approach to children’s wellbeing and pupil voice. Our CLE-controlled branches in Bristol, Essex & East Herts, Gloucestershire, and London & Surrey will continue to deliver a magical, memorable learning experience to children, reaching approximately 50,000 children a year and we will continue to support our network of delivery partners and their educators to maximise reach in their areas.

Resources for schools

We will produce impactful products and services for schools including new upper KS2 educator workshops reflecting digital citizenship and online impact, algorithmic literacy and drugs education.

Following the success of our Early Years pilot, funded by the Education Endowment Foundation, we will promote the resources to nursery settings to help tackle the challenges being faced by settings in addressing the developmental needs of infants.

We will further develop SCARF for children with Special Educational Needs and Disabilities, and update SCARF Live Online to enable more children to benefit from workshops, wherever they are. We will launch a new and updated LifeSpace to give children a sense of awe and wonder during their learning experience.

Partnerships

We will work with others who share our commitment to children’s wellbeing and are proud to have collaborated over the last year with Newcastle University, Natasha Allergy Research Foundation, the Church of England Archbishops’ Commission, Nip in the Bud, Neurequity teacher wellbeing, Daniel Spargo-Mabbs Foundation and MoreLife. We are members of the Sex Education Forum, PSHE Association, the Anti-Bullying Alliance and Drugs Education Forum.

Coram Life Education 10

Trustees’ report Year to 31 March 2024

Future plans (continued)

People

CLE will develop its staff and volunteers to build their confidence and skills, and further embed approaches that reinforce equality, diversity and inclusion (in education practice and employment). We will hold events, including our annual conference, to further strengthen our connections within and across the network, and will consider the long-term sustainability of the network and central team in our design of a central team that is fit for the future.

Structure, governance and management

Organisation

Coram Life Education is responsible for the design, promotion and overall effectiveness of its evidence-based health and wellbeing education programmes and online teaching resources called SCARF. These were delivered to 588,295 children throughout the United Kingdom across the academic year to September 2023.

Coram Life Education is led by a Managing Director, a Head of Education and a business development, curriculum design, training, administration and communications team. Our SCARF Co-ordinator roles support strategies to promote services in new areas and with multiacademy trusts.

Delivery partner network

Local Delivery Partners in England, Scotland and Finland are authorised under a licence agreement to use the charity’s ‘Life Education’ brand for the purposes of fundraising and local delivery of the approved programmes. They consist of 13 separately registered charities and two local authorities employing approximately 60 specialist educators and involving the expertise and active engagement of 120 volunteers.

Delivery Partners are independent of CLE and, therefore, their income and expenditure is not included in CLE’s Financial Statements, but their reach to children is gathered and reported to highlight our national impact. They operate in the UK, together with one international licensee in Finland.

In addition, CLE runs four branch operations reaching 250 schools in Bristol, Essex & East Hertfordshire Gloucestershire and London & Surrey, where seven local educators are supported by informal volunteer support groups to build relationships with schools, network and undertake fundraising activities.

Funding sources for local delivery partners are largely school fees, SCARF subscription income, local Rotary Clubs and local income generation and fundraising initiatives. CLE’s education and online programmes, website, training, marketing and policy are developed by central office functions funded by licence fees, SCARF subscription fee income, corporate sponsorship and small grants from Trusts and Foundations.

CLE has an informal networking relationship with Australia and continues to operate as part of a broader international network of Life Education Centres in New Zealand, Hong Kong, Macau and the USA.

Coram Life Education 11

Trustees’ report Year to 31 March 2024

Structure, Governance and management (continued)

Constitution

Coram Life Education is constituted as a company limited by guarantee, Company Registration No 02328941 (England and Wales), and is registered for charitable purposes with the Charity Commission, Charity Registration No 800727.

Liability of members

In the event of the charitable company being wound up, company members are each required to contribute an amount not exceeding £1.

Trustees

The Trustees constitute the directors of the charity for the purposes of the Companies Act 2006. During the period under review the maximum number of Trustees allowed was twelve, of whom six were “Appointed” and up to six may be “Elected”, in addition to the Chairman.

All Trustees have been subject to approval by the Board with tenure arrangements as set out in the Articles of Association.

All appointments to the Board have undergone a Disclosure and Barring Service check and all new candidates in the ‘Appointed Trustee’ category come via the Nominations & Governance Group and are interviewed by no fewer than two panel members prior to recommendation for appointment.

The following Trustees served throughout the year ended 31 March 2024, and up to the date of approval of this report, except where indicated.

Trustees Appointed/Resigned
Anthony D Gamble (Acting Chair June 2022-Sept 2023)
Andre Bailey
James Hadley (Chair) Appointed September 2023
Andrew Lovell
Steven Mackison Resigned September 2023
Olivia Margo
John Pickett
Frances Soul
James Whittingham

National Director and Company Secretary Dr Carol Homden CBE

Trustees’ Committees

The CLE Board of Trustees meets quarterly and is made up of those experienced in the education and commercial sector, and Trustees elected as representatives of the network of licensed delivery partners. CLE Trustees are represented on appropriate committees of the Coram Group.

Coram Life Education 12

Trustees’ report Year to 31 March 2024

Structure, Governance and management (continued)

Key management personnel

The Trustees consider that they, together with Group Chief Executive, the Managing Director of Education and Wellbeing and the Head of Education, comprise the key management of the charity in charge of directing and controlling, running and operating the charity on a day to day basis.

The Managing Director of Education and Wellbeing is also responsible for convening the cross-group Coram Education Division, and for the strategic oversight of Coram Beanstalk, supporting its Head of Service with the development and implementation of its business plan.

None of the Trustees received any remuneration in connection with their duties as Trustees or key management of the charity.

The remuneration of key management personnel is based on an internal assessment of the scope of the individual role and an individual’s performance within that role. Internal benchmarking is conducted to ensure that remuneration levels within the Coram Group are consistent for the level of responsibilities. Remuneration of other staff is agreed by the Coram Group Senior Management Team.

Staff

CLE’s Educators are employed by local Delivery Partners or by a CLE-controlled Branch. Their induction, ongoing training and continuing professional development is co-ordinated and led by the CLE central team. Educators are the essential link between the organisation as a whole and its customers at a local level - primary schools, staff and parents/carers. Therefore, their professional development is of paramount importance and is a priority for the CLE Management Team. In particular, the Education Services team run monthly Zoom training events and periodic full day training events to update and develop practice in education programmes, and school relationship management to ensure Educators are confident and competent to undertake their role across the network.

Selection criteria and procedures are reviewed periodically to ensure that individuals are selected, promoted and treated on the basis of their relevant merits and abilities. All those who work for Coram Life Education have equal opportunity and, where appropriate and possible, special training to enable them to progress both within and outside the organisation. Recruitment and terms and conditions guidance for all local areas has been updated to ensure good practice during the recruitment process and beyond, reflecting the charity’s evolving roles and its commitment to equality, diversity and inclusion.

Equality, Diversity and Inclusion (EDI)

We realise that being an organisation that is equal, diverse and inclusive is something to constantly work towards. The commitment to diversity was a strong characteristic in the results of the Investors in People reaccreditation which was awarded at Gold Award standard in 2023, recognising the high level of engagement of staff with strategy and the organisational values, and its leadership. EDI remains a key priority in our development.

Coram Life Education 13

Trustees’ report Year to 31 March 2024

Structure, Governance and management (continued)

Statement of Trustees’ responsibilities

The Trustees (who are also directors of Coram Life Education for the purposes of company law) are responsible for preparing the Trustees’ report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland.

Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the income and expenditure, of the charitable company for that period.

In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Each of the Trustees confirms that:

Coram Life Education 14

Trustees’ report Year to 31 March 2024

Statement of Trustees’ responsibilities (continued)

This confirmation is given and should be interpreted in accordance with the provisions of s418 of the Companies Act 2006.

The Trustees are responsible for the maintenance and integrity of financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Approved by and signed on behalf of the Trustees

James Hadley Chair

Approved by the Trustees on: 3[rd] October 2024

Coram Life Education 15

Independent auditor’s report 31 March 2024

Independent auditor’s report to the members of Coram Life Education

Opinion

We have audited the financial statements of Coram Life Education (the ‘charitable company’) for the year ended 31 March 2024 which comprise the statement of financial activities, the balance sheet, the statement of cash flows, the principal accounting policies and the notes to the financial statements. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the Annual Report and Financial Statements, other than the financial statements and our auditor’s report thereon. The Trustees are responsible for the other information contained within the Annual Report and Financial Statements.

Coram Life Education 16

Independent auditor’s report 31 March 2024

Other information (continued)

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees’ report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Coram Life Education 17

Independent auditor’s report 31 March 2024

Responsibilities of Trustees

As explained more fully in the statement of Trustees’ responsibilities, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

Coram Life Education 18

Independent auditor’s report 31 March 2024

Auditor’s responsibilities for the audit of the financial statements (continued)

We assessed the susceptibility of the charitable company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

To address the risk of fraud through management bias and override of controls, we:

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the Trustees and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities is available on the Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Coram Life Education 19

Independent auditor’s report 31 March 2024

Use of our report

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Gumayel Miah (Senior Statutory Auditor) For and on behalf of Buzzacott LLP, Statutory Auditor 130 Wood Street London EC2V 6DL

Date: 27 November 2024

Coram Life Education 20

Statement of financial activities Year to 31 March 2024

(including an income and expenditure account)

Notes Unrestricted
funds
£		 Restricted
funds
£		 2024
Total
funds
£		 2023
Total
funds
£
Income from:
Donations
1
Charitable activities:
. Services for health education
2
Merchandising
3
Interest receivable
Other sources
Total income
Expenditure on:
Raising funds
4
Charitable activities:
. Services for health education
5
Total expenditure
Net income and net movement in funds
6
Reconciliation of funds:
Total funds brought forward
at 1 April 2023
Total funds carried forward
at 31 March 2024		 31,909
673,806
4,843
953
—
87,324
—
—
31,909

761,130

4,843

953		 62,909
689,572
3,461
394
711,511 87,324
798,835		 756,336
27,563
680,636		 —
74,427
27,563

755,063		 20,944
674,197
708,199 74,427
782,626		 695,141
3,312
(36,596)		 12,897


36,638
16,209
42		 61,195
(61,153)
(33,284)
49,535		 16,251 42

All of the charity’s activities derived from continuing operations during the above two financial periods.

The charity has no recognised gains and losses other than those shown above and therefore no separate statement of total recognised gains and losses has been presented.

A full comparative statement of financial activities for the previous year is included in the appendix to these financial statements.

Coram Life Education 21

Balance sheet 31 March 2024

2024 2024 2023 2023
Notes £ £ £ £
Fixed assets
Tangible fixed assets 8 10,080 —
Current assets
Stocks 9 1,098 1,362
Debtors 10 70,365 59,934
Cash at bank and in hand 63,826 109,718
135,289 171,014
Current liabilities
Creditors: amounts falling due
within one year 11 (129,118) (170,972)
Net current assets 6,171 42
Total net assets 16,251 42
The funds of the charity:
Restricted funds 12 49,535 36,638
Unrestricted funds
. General fund (33,284) (36,596)
16,251 42

Approved by the Trustees of Coram Life Education, Company Registration Number 02328941 (England and Wales), and signed on their behalf by:

James Hadley Chair

Approved on:3[rd] October 2024

Coram Life Education 22

Statement of cash flows Year to 31 March 2024

Notes
2024
£		 2023
£
Cash flows from operating activities:
Net cash (used in) provided by operating activities
A
Cash flows from investing activities:
Interest received
Net cash provided by investing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at 1 April 2023
B
Cash and cash equivalents at 31 March 2024
B

**(46,845) **		 21,711


953		 394
953 394

(45,892)


109,718
 22,105
87,613

63,826		 109,718

Notes to the statement of cash flows for the year to 31 March 2024.

A Reconciliation of net income to net cash from operating activities

2024
£		 2023
£
Net income (as per the statement of financial activities)
Adjustments for:
Depreciation charge
Transfer of tangible fixed assets
Interest receivable
Decrease in stocks
Increase in debtors
Decrease in creditors
Net cash(used in) provided by operating activities		 16,209
672
(10,752)
(953)
264
(10,431)
(41,854)		 61,195
1,490
(1,490)
(394)
(14)
(5,248)
(33,828)
(46,845) 21,711

B Analysis of cash and cash equivalents

2024
£		 2023
£
Total cash and cash equivalents:Cash at bank and in hand 63,826 109,718

C Analysis of change in net debt

Analysis of change in net debt
At 1 April
2023
£
Cash flows
£
Other non-
cash
changes
£
At 31
March
2024
£
Cash at bank and in hand 109,718 45,892
—
63,826

Coram Life Education 23

Principal accounting policies 31 March 2024

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are laid out below.

Basis of preparation

These financial statements have been prepared for the year to 31 March 2024 with comparative information provided in respect to the year to 31 March 2023.

The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant accounting policies below or the notes to these financial statements.

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (Charities SORP FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Companies Act 2006 and the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102.

The financial statements are presented in sterling and are rounded to the nearest pound.

Critical accounting estimates and areas of judgement

Preparation of the financial statements requires the Trustees and management to make significant judgements and estimates. The key items in the financial statements where these judgements and estimates have been made comprise:

Assessment of going concern

The Trustees have assessed whether the use of the going concern assumption is appropriate in preparing these financial statements. The Trustees have made this assessment in respect to a period of at least one year from the date of approval of these financial statements. The charity has improved its financial performance in the past year and, whilst there may be future challenges as a result of school funding and pressures, the Trustees believe the charity will meet these. This will be done by the sale of affordable online resource subscriptions that help to relieve workload, a diverse product range to build the capacity and income generation potential of the Charity, licence fee paying Delivery Partners and branches, together with the diversification of income sources.

Coram Life Education 24

Principal accounting policies 31 March 2024

Assessment of going concern (continued)

The company also continues to have the support of its parent entity, Coram, which has given an undertaking to provide financial support if and when needed.

Consequently, the Trustees have concluded that there are no material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The Trustees are of the opinion that the charity will have sufficient resources to meet its liabilities as they fall due.

Basis of consolidation

Coram Life Education is part of a larger group and its ultimate controlling party, Coram, consolidates the financial statements of Coram Life Education and Coram Life Education’s 100% controlled subsidiary, Coram Life Education Trading Limited. Coram Life Education is not required to present consolidated financial statements.

Income recognition

Income is recognised in the period in which the charity is entitled to the income and the amount can be measured reliably and it is probable the income will be received. Income is deferred only when the charity has to fulfil conditions before becoming entitled to it or where the donor or funder has specified that the income is to be expended in a future accounting period.

Income comprises donations, grants, fees and contractual income, merchandising income, interest receivable and sundry other income.

Grants and donations are recognised when the charity has confirmation of both the amount and settlement date. In the event of donations and grants pledged but not received, the amount is accrued for where the receipt is considered probable. In the event that a donation is subject to conditions that require a level of performance before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that those conditions will be fulfilled in the reporting period.

Fee and contract income represents the amounts receivable for the services provided to clients, excluding value added tax, under contractual obligations, which are performed gradually over time. Incomplete contracts at the balance sheet date are accounted for by reference to the fair value of the work performed and amounts due but not received at the balance sheet date are described in the financial statements as contractual income debtors.

Merchandising income and other sundry income is recognised to the extent that it is probable that the economic benefits will flow to the charity and the revenue can be reliably measured.

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

Coram Life Education 25

Principal accounting policies 31 March 2024

Volunteers and donated services and facilities

The value of services provided by volunteers is not incorporated into these financial statements.

Where services are provided to the charity as a donation that would normally be purchased from suppliers, this contribution is included in the financial statements as both income and expenditure at its estimated fair value based on the value of the contribution to the charity. There were no such donations during the year.

Expenditure recognition

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to make a payment 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.

All expenditure is accounted for on an accruals basis. Expenditure comprises direct costs and support costs. All expenses, including support costs, are allocated or apportioned to the applicable expenditure headings. The classification between activities is as follows:

All expenditure is stated inclusive of irrecoverable VAT.

Allocation of support and governance costs

Support costs represent indirect charitable expenditure. In order to carry out the primary purposes of the charity it is necessary to provide support in the form of personnel development, financial procedures, provision of office services and equipment and a suitable working environment.

Governance costs comprise the costs involving the public accountability of the charity (including audit costs) and costs in respect to its compliance with regulation and good practice.

Support costs and governance costs are apportioned using percentages based on the direct expenditure incurred on the activities of the charity.

Operating leases

Rental charges are charged on a straight line basis over the term of the lease.

Coram Life Education 26

Principal accounting policies 31 March 2024

Tangible fixed assets

All assets costing more than £2,500 and with an expected useful life exceeding one year are capitalised. Items over £2,500 are capitalised and stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the assets, less their estimated residual value, over their expected useful lives on the following bases:

Stocks

Stocks are stated at the lower of cost and net realisable value. In general, cost is determined on a first in first out basis and includes transport and handling costs. Net realisable value is the price at which stocks can be sold in the normal course of business after allowing for the costs of realisation. Provision is made where necessary for obsolete, slow moving and defective stocks. Donated items of stock, held for distribution or resale, are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

Debtors

Debtors are recognised at their settlement amount, less any provision for non-recoverability. Prepayments are valued at the amount prepaid. They have been discounted to the present value of the future cash receipt where such discounting is material.

Cash at bank and in hand and short term deposits

Cash at bank and in hand represents such accounts and instruments that are available on demand or have a maturity of less than three months from the date of acquisition. Deposits for more than three months but less than one year have been disclosed as short term deposits. Cash placed on deposit for more than one year is disclosed as a fixed asset investment.

Creditors and provisions

Creditors and provisions 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. Creditors and provisions are recognised at the amount the charity anticipates it will pay to settle the debt. They have been discounted to the present value of the future cash payment where such discounting is material.

Fund accounting

Restricted funds are to be used for specified purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund, together with a fair allocation of management and support costs.

Unrestricted funds are donations and other income received or generated for the objects of the charity without further specified purpose and are available as general funds.

Coram Life Education 27

Principal accounting policies 31 March 2024

Fund accounting (continued)

Unrestricted funds are donations and other income received or generated for the objects of the charity without further specified purpose and are available as general funds.

Designated funds comprise monies set aside out of unrestricted general funds for specific future purposes or projects.

Pensions

Contributions to employees’ personal pension plans and defined contribution pension schemes are charged to the statement of financial activities when they are payable to the plan or scheme. The charity has no liability beyond making its contributions and paying across the deductions for the employees’ contributions.

Coram Life Education 28

Notes to the financial statements Year to 31 March 2024

1 Income from donations

Income from donations
Unrestricted
funds
£		 Restricted
funds
£		 2024
Total
funds
£		 2023
Total
funds
£
Donations 31,909 — 31,909 62,909

2 Income from services for health education

Unrestricted
funds
£		 Restricted
funds
£		 2024
Total
funds
£		 2023
Total
funds
£
Licence fees
Other fee income
Grant income
Education Fee - SCARF		 131,458
207,132
335,216		 —
—
87,324
—		 131,458
207,132
87,324
335,216		 134,071
175,925
58,770
320,806
673,806 87,324 761,130 689,572

3 Income from merchandising


Merchandisingsales		 Unrestricted
funds
£
4,843		 Restricted
funds
£
—		 2024
Total
funds
£
4,843		 2023
Total
funds
£
3,461

Merchandising income predominantly derives from the sale of teacher support packs and puppets.

4 Expenditure on raising funds

Expenditure on raising funds
Unrestricted
funds
£		 Restricted
funds
£		 2024
Total
funds
£		 2023
Total
funds
£
Staff costs (note 7)
Campaigns and promotions		 9,756
17,807		 —
—		 9,756
17,807		 7,214
13,730
27,563 — 27,563 20,944

5 Expenditure on charitable activities: Services for health education

Unrestricted
funds
£		 Restricted
funds
£		 2024
Total
funds
£		 2023
Total
funds
£
Staff costs (note 7)
Other direct costs
Allocated support costs (see below)		 409,281
190,647
80,708		 —
74,427
—		 408,942
265,074
80,708		 358,037
248,598
67,562
680,636 74,427 755,063 674,197

Coram Life Education 29

Notes to the financial statements Year to 31 March 2024

5 Expenditure on charitable activities: Services for health education (continued)

Support costs, all of which have been allocated to expenditure on services for health education comprise the following:

2024
Total
funds
£		 2023
Total
funds
£
Premises
Postage and stationary
Travel
Finance, HR and IT
Communications
Other operating costs
Depreciation (note 9)
Governance costs		 9,085
508
215
26,374
8,751
24,480
672
10,623		 11,131
3
664
24,002
8,387
13,673
1,489
8,213
80,708 67,562

6 Net income and net movement in funds

This is stated after charging:

2024
£		 2023
£
Staff costs (note 7)
Auditor’s remuneration
. Statutory audit
Depreciation(note 8)		 419,037
10,800
672		 365,251
6,458
1,489

7 Staff costs

Staff costs were as follows:

2024
£		 2023
£
Wages and salaries
Social security costs
Other pension costs		 363,994
36,535
18,508		 309,618
38,070
17,563
419,037 365,251

The average monthly number of employees during the year was as follows:

2024
Number		 2023
Number
Charitable activities
. Services for health education		 13 12
13 12

Coram Life Education 30

Notes to the financial statements Year to 31 March 2024

7 Staff costs (continued)

The number of employees whose remuneration was £60,000 per annum or more (excluding employer’s pension contributions but including taxable benefits) during the period was as follows:

2024
number		 2023
number
£60,001 - £70,000 1 1

None of the trustees received any remuneration in respect to their services as trustees during the year (2023 – none). None of the trustees were reimbursed for out of pocket expenses incurred in connection with the duties as trustees during the year (2023 – £nil).

The key management personnel are defined as the Trustees and two members of the Senior Management Team (the Managing Director and the Head of Education). The remuneration of key management personnel is based on an internal assessment of the scope of the individual role and an individual’s performance within that role. Internal benchmarking is conducted to ensure that remuneration levels within the Coram Group are consistent for the level of responsibilities. Remuneration is agreed by the Coram Group Senior Management Team consisting of the Chief Executive, Chief Finance Officer and the Director of Operations.

The aggregate employee benefits paid to key management personnel of the charity during the year were £108,714 (2023 – £125,794).

8 Tangible fixed assets

Tangible fixed assets
Fixtures,
fittings and
equipment
£		 Classroom
programmes
£		 Computer
equipment
and
software
£		 Total
£
23,817
—		 8,225
10,752		 1,176
—		 33,218
10,752
23,817 18,977 1,176 43,970
23,817
—		 8,225
672		 1,176
—		 33,218
672
23,817 8,897 1,176 33,890
— 10,080 — 10,080
— — —

9 Stocks

2024
£		 2023
£
Merchandisingand teacher resources 1,098 1,362

Coram Life Education 31

Notes to the financial statements Year to 31 March 2024

10 Debtors

Debtors
2024
£		 2023
£
Amounts receivable in respect to charitable activities
Other debtors and prepayments
Accrued income
Amount due from Coram Beanstalk
Amount due from Coram Life Education Trading Limited		 62,210
3,006
2,125
—
3,024		 52,755
1,030
3,650
2,499
—
70,365 59,934

11 Creditors: amounts falling due within one year

2024
£		 2023
£
Amounts due to parent undertaking
Expense creditors
Accruals and deferred income
Social security and other taxes
Other creditors		 31,579
8,936
49,703
35,769
3,131		 45,208
2,371
71,184
40,251
11,958
129,118 170,972

Deferred income relates to funding received which is subject to time related conditions. The movement on deferred income during the year was as follows:

£
Balance at 1 April 2023
Amounts released to income
Amounts deferred in the current period
Balance at 31 March 2024		 375
(375)
400
400

Coram Life Education 32

Notes to the financial statements Year to 31 March 2024

12 Movements in funds

Movements in funds
At
1 April
2023
£
(36,596)
8,567
2,000
335
4,810
14,228
6,698
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—		 Income
£		 Expenditure
£		 At
31 March
2024
£
Unrestricted funds
General fund
Restricted funds
CLE Gloucestershire
APCOA Parking (UK) Limited
The Greaves & Withey Foundation
The Rotary Club of Stort Valley
Helping Herts 2023
LEC Bristol
The Blair Foundation
The Bloss Family Foundation
The Dame Violet Wills Will Trust
The Susanna Peake Charitable Trust
The Rotary Club of Bristol
The Parivar Trust
Helping Herts 2024
CLE Cumbria
The Education Endowment Foundation
Dursley United Charity
The Florence Shute Millennium Trust
The Gilbert Lane Trust
The Phoenix Charitable Trust
The Notgrove Trust
The Essex Youth Trust
Total funds		 711,511 (708,199) (33,284)
—
—
—
—
—
21,272
1,000
1,000
1,500
5,000
150
1,000
14,500
10,702
22,000
500
1,800
1,000
400
2,500
3,000		 —
(2,000)
(335)
(4,810)
(14,228)
(6,463)
—
(1,000)
(1,500)
(5,000)
(150)
(1,000)
—
(10,702)
(22,000)
(500)
(1,400)
(100)
(400)
(2,100)
(739)		 8,567
—
—
—
—
21,507
1,000
—
—
—
—
—
14,500
—
—
—
400
900
—
400
2,261
36,638 87,324 (74,427) 49,535
42 798,835 (782,626) 16,251

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust to be applied for specific purposes:

CLE Gloucestershire

This fund represents monies received from Gloucestershire Life Education on transfer of its activities to Coram Life Education.

APCOA Parking (UK) Limited

This fund is towards provision of Life Education workshops in Lewisham schools.

The Greaves & Withey Foundation

This fund is towards equipment and materials to be used in Life Education workshops in schools across Gloucestershire.

Coram Life Education 33

Notes to the financial statements Year to 31 March 2024

12 Movements in funds (continued)

The Rotary Club of Stort Valley

This fund is towards provision of Life Education workshops in schools across Essex and East Herts.

Helping Herts 2023

This fund is towards recruiting an educator and SCARF co-ordinator for Hertfordshire (as part of Essex and East Herts branch).

LEC Bristol

Following the dissolution of Life Education Bristol, reserves were transferred to CLE and are restricted to support the delivery of the service across the Bristol and South Gloucestershire region.

The funds below relate to provision of Life Education workshops in schools within Bristol.

The Blair Foundation

The Bloss Family Foundation The Dame Violet Wills Will Trust The Susanna Peake Charitable Trust The Rotary Club of Bristol The Parivar Trust

The funds below relate to provision of Life Education workshops in schools within Gloucestershire.

Dursley United Charity The Florence Shute Millennium Trust The Gilbert Lane Trust The Phoenix Charitable Trust The Notgrove Trust

CLE Cumbria

This fund represents monies received from Cumbria Life Education on transfer of its activities to Coram Life Education.

The Education Endowment Foundation

This fund is to develop the SCARF Early Years offer consisting of educator workshops, SCARF resources and practitioner training.

The funds below relate to equipment and materials to be used in Life Education workshops within Essex & East Herts.

Helping Herts 2024 The Essex Youth Trust

Coram Life Education 34

Notes to the financial statements Year to 31 March 2024

13 Analysis of net assets between funds

Analysis of net assets between funds
Unrestricted
funds
£		 Restricted
funds
£		 Total
2024
£
Funds balances at 31 March 2024 are represented by:
Tangible fixed assets
Current assets
Creditors: amounts falling due within one year
Total net(liabilities)assets		 10,080
85,754
(129,118)		 —
49,535
—		 10,080
135,289
(129,118)
(33,284) 49,535 16,251

14 Liability of members

The charity is constituted as a company limited by guarantee. In the event of the charity being wound up members are required to contribute an amount not exceeding £1.

15 Subsidiary undertaking

Coram Life Education has one subsidiary undertaking, Coram Life Education Trading Limited. The subsidiary company was incorporated on 24 July 2014 and commenced trading on 1 September 2014. The subsidiary company is a company limited by guarantee of which Coram Life Education is the sole guarantor, guaranteeing in the event of the subsidiary being wound up to contribute an amount not exceeding £1. The principal activity of Coram Life Education Trading Limited is to support the activities of its parent charity to deliver professional training to teachers and education settings.

A summary of the results of Coram Life Education Trading Limited for the year is given below:

2024
£		 2023
£
Income
Educational fee income
Expenditure
Educational activities
Net income for the year before taxation
Taxation
Net income for theyear		 13,571 18,149
13,571 18,149
5,879 11,033
5,879 11,033
7,692
—		 7,116
—
7,692 7,116

At 31 March 2024, the accumulated deficit and hence the total funds and reserves of Coram Life Education Trading Limited were £90,129 (2023 - £97,821).

At 31 March 2024, the charity was owed £Nil (2023 – was owed £2,371) by Coram Life Education Trading Limited.

Coram Life Education 35

Notes to the financial statements Year to 31 March 2024

16 Related party transactions

At 31 March 2024, the charity owed £31,579 (2023 - £47,208) to Coram. Coram will continue to support the charity financially and enable it to pay its debts as they fall due.

During the year ended 31 March 2024, Coram charged Coram Life Education £70,831 (2023 – £61,107) for central services and fundraising.

Other than as disclosed above there were no other related party transactions during the period of report (2023: no other transactions).

19 Ultimate parent undertaking

The Thomas Coram Foundation for Children (‘Coram’), a registered charity (Charity Registration No. 312278), is a 75% member of Coram Life Education.

The charity is constituted as a company limited by guarantee. In the event of the charity being wound up each member is required to contribute an amount not exceeding £1.

20 Taxation

Coram Life Education is a registered charity and therefore is not liable to income tax or corporation tax on income derived from its charitable activities, as it falls within the various exemptions available to registered charities.

Coram Life Education 36

Appendix:

Comparative statement of financial activities Year to 31 March 2023

Appendix
Notes

Unrestricted
funds
£

62,909

641,534

3,461
394		 Restricted
funds
£		 2023
Total
funds
£
Income from:
Donations
1
Charitable activities:
. Services for health education
2
Merchandising
3
Interest receivable
Total income
Expenditure on:
Raising funds
4
Charitable activities:
. Services for health education
5
Total expenditure
Net income and net movement in funds
6
Reconciliation of funds:
Total funds brought forward
at 1 April 2022
Total funds carried forward
at 31 March 2023		 —
48,038
—
—		 62,909
689,572
3,461
394
708,298 48,038 756,336

20,944

639,026		 —
35,171		 20,944
674,197
659,970 35,171 695,141

48,328
(84,924)
(36,596)		 12,867
23,771		 61,195
(61,153)
36,638 42

Coram Life Education 37

Appendix

Comparative notes to the financial statements Year to 31 March 2023

1 Income from donations

1 Income from donations
2 Unrestricted
funds
£		 Restricted
funds
£		 2023
Total
funds
£
Donations 62,909 — 62,909
Income from services for health education Unrestricted
funds
£		 Restricted
funds
£		 2023
Total
funds
£
Licence fees
Other fee income
Grant income
Education Fee- SCARF		 134,071
175,925
10,732
320,806		 —
—
48,038
—		 134,071
175,925
58,770
320,806
641,534 48,038 689,572

3 Income from merchandising

Income from merchandising
Unrestricted
funds
£		 Restricted
funds
£		 2023
Total
funds
£
Merchandisingsales 3,461 — 3,461

Merchandising income predominantly derives from the sale of books, teacher support packs and puppets.

4 Expenditure on raising funds

Expenditure on raising funds
Unrestricted
funds
£		 Restricted
funds
£		 2023
Total
funds
£
Staff costs
Campaigns and promotions		 7,214
13,730		 —
—		 7,214
13,730
20,944 — 20,944

5 Expenditure on services for health education

Expenditure on services for health education
Unrestricted
funds
£		 Restricted
funds
£		 2023
Total
funds
£
Staff costs
Other direct costs
Allocated support costs (see below)		 358,037
213,427
67,562		 —
35,171
—		 358,037
248,598
67,562
639,026 35,171 674,197

Coram Life Education 38

Appendix

Comparative notes to the financial statements Year to 31 March 2023

6 Expenditure on services for health education (continued)

Support costs, all of which have been allocated to expenditure on services for health education comprise the following:

2023
£
Premises
Postage and stationary
Travel
Legal and consultancy costs
Finance, HR and IT
Communications
Other operating costs
Depreciation
Governance costs		 11,131
3
664
24,002
8,387
13,673
1,489
8,213
67,562
11,131

12 Movements in funds

Movements in funds
At
1 April
2022
£		 Income
£		 Expenditure
£		 At
31 March
2023
£
Unrestricted funds
General fund
Restricted funds
CLE Gloucestershire
SCARF development project
Northwest-SODEXO
APCOA Parking (UK) Limited
The Greaves & Withey Foundation
The Rotary Club of Stort Valley
Helping Herts
LEC Bristol
Total funds		 (84,924) 708,298 (659,970) (36,596)
8,567
4,204
11,000
—
—
—
—
—		 —
—
—
2,000
2,000
4,810
14,228
25,000		 —
(4,204)
(11,000)
-
(1,665)
—
—
(18,302)		 8,567
—
—
2,000
335
4,810
14,228
6,698
23,771 48,038 (35,171) 36,638
(61,153) 756,336 (695,141) 42

13 Analysis of net assets between funds

Analysis of net assets between funds
Unrestricted
funds
£		 Restricted
funds
£		 Total
2023
£
Funds balances at 31 March 2023 are represented by:
Tangible fixed assets
Current assets
Creditors: amounts falling due within one year
Total net(liabilities)assets		 —
134,376
(170,972)		 —
36,638
—		 —
171,014
(170,972)
(36,596) 36,638 42

Coram Life Education 39