| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| Report of the Trustees and |
| Unaudited Financial Statements for the Year Ended 31 March 2025 |
| for |
| Cora Learning |
| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| Report of the Trustees and |
| Unaudited Financial Statements for the Year Ended 31 March 2025 |
| for |
| Cora Learning |
| Cora Learning |
| Contents of the Financial Statements |
| for the Year Ended 31 March 2025 |
| Page |
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6 | to | 7 |
| Cora Learning (Registered number: SC232208) |
| Report of the Trustees |
| for the Year Ended 31 March 2025 |
| The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). |
| OBJECTIVES AND ACTIVITIES |
| Objectives and aims |
| The objects of the charity are to promote and provide for the advancement of education and in connection therewith to arrange, conduct, carry on, acquire and develop a range of educational services to students, families and teachers. |
| The charity meets its objectives by: |
| (a) operating, organising, promoting and hosting training courses, day schools, lectures, seminars, classes and conferences to lecturers, teachers, tutors, students, schoolchildren and the general public. |
| (b) arranging, promoting and hosting examinations and assessments. |
| (c) recruiting, training and sending out trainers, skilled personnel and other staff to facilitate the operation of the projects and teach skills to the general public. |
| Significant activities |
| The charity did not trade during the year. Minor expenses incurred were paid by Cora Foundation. |
| STRUCTURE, GOVERNANCE AND MANAGEMENT |
| Governing document |
| The organisation is a charitable company limited by guarantee, incorporated on 30 May 2002. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1. |
| Recruitment and appointment of new trustees |
| In accordance with the Articles of Association the directors of the company shall be: |
| (a) The Board of Directors of Cora Foundation shall be entitled to appoint two persons as directors. |
| (b) The Board of Managers to the following schools; St. Philip's School, Plains, Good Shepherd Centre, Bishopton and St Mary's Kenmure shall be entitled to appoint one person as a director. |
| All appointments made pursuant to the provisions of paragraphs (a) and (b) above shall be by resolution of the Board in question. The appointing organisation may fill any vacancy arising amongst its appointees and may remove any of its appointees at any time in like manner. |
| Organisational structure |
| The Board of Directors administer the charity. |
| Cora Learning (Registered number: SC232208) |
| Report of the Trustees |
| for the Year Ended 31 March 2025 |
| STRUCTURE, GOVERNANCE AND MANAGEMENT |
| Induction and training of new trustees |
| New trustees attend a short induction and training session where they are briefed on the content of the Memorandum and Articles of Association, the decision making process, the business plan and recent financial performance of the charity. |
| Related parties |
| Cora Learning was established to provide education and training for the schools affiliated to Cora Foundation, a charity facilitating the provision of residential child care services in the West of Scotland. Currently these are St. Mary's Kenmure Secure Unit, Bishopbriggs, St. Philip's School, Plains and The Good Shepherd Centre, Bishopton. Some of these organisations have one or more common directors with Cora Learning. |
| REFERENCE AND ADMINISTRATIVE DETAILS |
| Registered Company number |
| Registered Charity number |
| Registered office |
| Trustees |
| Independent Examiner |
| Accountants Plus |
| Chartered Certified Accountants |
| Second Floor |
| Airbles House |
| 270 Airbles Road |
| Motherwell |
| ML1 3AT |
| Approved by order of the board of trustees on |
| Independent Examiner's Report to the Trustees of |
| Cora Learning |
| I report on the accounts for the year ended 31 March 2025 set out on pages four to seven. |
| Respective responsibilities of trustees and examiner |
| The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under Section 44(1)(c) of the Act and to state whether particular matters have come to my attention. |
| Basis of the independent examiner's report |
| My examination was carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts. |
| Independent examiner's statement |
| In connection with my examination, no matter has come to my attention : |
| (1) | which gives me reasonable cause to believe that, in any material respect, the requirements |
| - | to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and |
| - | to prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 Accounts Regulations |
| have not been met; or |
| (2) | to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. |
| Francis Duncan |
| The Association of International Accountants |
| Accountants Plus |
| Chartered Certified Accountants |
| Second Floor |
| Airbles House |
| 270 Airbles Road |
| Motherwell |
| ML1 3AT |
| 30 June 2025 |
| Cora Learning |
| Statement of Financial Activities |
| for the Year Ended 31 March 2025 |
| 31.3.25 | 31.3.24 |
| Total | Total |
| funds | funds |
| Notes | £ | £ |
| NET INCOME |
| RECONCILIATION OF FUNDS |
| Total funds brought forward |
| TOTAL FUNDS CARRIED FORWARD | - |
| Cora Learning (Registered number: SC232208) |
| Balance Sheet |
| 31 March 2025 |
| 31.3.25 | 31.3.24 |
| Total | Total |
| funds | funds |
| Notes | £ | £ |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| NET ASSETS |
| FUNDS |
| TOTAL FUNDS | - |
| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006. |
| The trustees acknowledge their responsibilities for |
| (a) | ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. |
| These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. |
| The financial statements were approved by the Board of Trustees and authorised for issue on |
| Cora Learning |
| Notes to the Financial Statements |
| for the Year Ended 31 March 2025 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
| Taxation |
| The charity is exempt from corporation tax on its charitable activities. |
| Fund accounting |
| Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. |
| Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. |
| Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. |
| 2. | TRUSTEES' REMUNERATION AND BENEFITS |
| There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024. |
| Trustees' expenses |
| There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024. |
| 3. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
| Total |
| funds |
| £ |
| NET INCOME |
| TOTAL FUNDS CARRIED FORWARD |
- |
| Cora Learning |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2025 |
| 4. | RELATED PARTY DISCLOSURES |