2021-03-31-accounts - Croydon Voluntary Action

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

			Notes	Unrestricted	Desigriated	Restricted	Total	Funds	Restated	Restated
Income				Fui1ds	Funds	Funds	2021		2020
				6	9	E	8		8
Donations
Investmenl			2	328				328		1,555
incoming Resources from Cherilabis			Aciiviiies
Charitable activities				421,454		621,122	1.042,576			971.195
Olher trading activities			3	270,782				270,782		380,493
Total Income				692 584		621 122	I	313686	1	353243
Expenditure
Charitable activities			4,11	817,346		618,748	1,436,094		1,548,542
Total Expenditure			6	817346		618748	I	436 094	1	548 542
Gains/(fosses) on investments
Net Income I(expenditure)				(124,782)		2,374		(122,408)	(195,299)
Transters between funds			11,12	19.093	7972	11 121
Other recognised gains I(losses)
Remeasurement gain/(loss		on
defined benefit pension	plan			(535,000)				(535000)	(589.000)
Net movement in funds				(678,875)	7,972	13,495		(657,408)	(784,299)
Balances brought forward		at
1 April 2020
As previously reported				1.835,342	213,716	73,654	2,122,712		2,	106,011
Prior year so)ustment				801,000				801 000
As restated				1,034,342	213,716	73,654	1,321,712		2,	106,011
Balances carried forward at
31 March 2021				355,467	221 688	87,149		664.304	1,321,712

							Restated
			Notes		2021		2020
Fixed assets Tangible fixed assets				6	6 1 345340		6 1,381,712 1,381,712
Current assets
Debtors				69,951		133,704
Cash at bank and in hand				859,697		772,342
				929,648		906,046
Creditors - Amounts	faglng due
within one year				106884		165,046
Net current assets					822,964		741,000
Total assets less current		liabilities			2,168,304		2,122,712
Defined benefit pension		liability	10		(1,504,000)		(801,000)
Net assets					664,304		1,321,712
Funds:
Restricted Funds Designated Funds Unrestricted Reserves Funds			11 12 12		67,149 205,744 530,071		73,854 213,718 453,630
Pension reserve Fixed asset fund			12		(1,504,000) 1,345,340		(801,000) 1,381,712
Totalfunds			14		664,304		1,321,712

CASH FLOW STATEME	NT
			Restated
Cash Sores from	operating
activfties		2021	2020
		6	6
Net movement in funds		(122,408)	(195,299)
Arljusfmenrs for
Depreciation oftangible	tlxed assets	36,372	37,586
Net (gains)/losses on investments
proceeds from sale of investments
Other interest receivable income	and similar	(328)	(1,555)
Defined benefit costs		168,000	212,000
Changesin:
Trade and other debtors		63,753	(1,331)
Trade and other creditors		(58,362)	(91,137l
Cash generated from operations		87,027	(39,736)
Interest received		328	1,555
Net cash from operabng	activities	87,355	38,181
Net increase/(decrease) and cash equivalents	in cash	87,355	(36.181)
Cash and cash equivalents at beginning ofyear		772,342	810,523
Cash and cash equivalents at end of veer		859,697	772,342

NOTES TO THE FINANCIAL STATEMENTS (conEnued FOR THE YEAR ENDED 31 MARCH 2021	NOTES TO THE FINANCIAL STATEMENTS (conEnued FOR THE YEAR ENDED 31 MARCH 2021	NOTES TO THE FINANCIAL STATEMENTS (conEnued FOR THE YEAR ENDED 31 MARCH 2021	NOTES TO THE FINANCIAL STATEMENTS (conEnued FOR THE YEAR ENDED 31 MARCH 2021	i
7. TANGIBLE FIXEDASSETS				Freehold	Leasehold	Furniture &
				Property	Property	Equipment	Total
				2	6	2	6
Cost or valuation
AI I Aprp 2020 Additions				268,148	1,630,514	257,988		2,156,630
Al 31 March 2021				268 148	1.630514	257.908		2,156.630
Accumulated depreciation
At I Apdl 202D				101,278	422,239	251,401		774,018
Provided durinq Ihs vest				4604	31 TSS			36372
Al 31 hlarch 2021				105882	454.007	251 401		811290
Net book values
Al 31 March 2021				162266	I 176507	6.567		1,345 340
At I Apnl 2020				188.870	1,208.275	6.567		1.381 712
S.DEBTORS					2D21	202D
					2	2
OSier deblors and accrued		income			70,457	132,856
Bad Debt Proviaon					(4,424(	(8,249(
Prapayments					3918	9097
					89951	133704
9.CREDITORS - Amounts		falling due			2021	2020
wBhln one year					F.	2
Other creditors and accruais					72,667	109.890
Other levee and social	security		costs		4.337	15.253
blonies held ior third parties					14,540	14,540
Deferred income					15140	25.363
					106684	165046
AS defened income is released			in Ihe fohawing year
ID.PROVISIONS FOR LIABILITIES ANO
CHARGES					2021	2020
					6	2
Defined bensfil pension	DabTity
(see nate 16)					1504.DDD	801 000

The total cost	recognised	in th	e peri	od wa	s as follows:
						2021	2020
						f000	F000
Current service cost						(149)	(175)
Past service	cost						(9)
Plan introductions, changes,			curtailments		and settlements
Net interest	income Iexpense					(19)	(28)
Recognised	in profit or loss					(168)	(212)
Recognised	in other comprehensive			income		(535)	538
Total cost recognised						703	326
Amounts recognised in the balance				sheet	were as follows:
						2021	2020
						FOOO	f000
Present value offunded		obligations				(6,268)	(4,753)
Fair value of	plan assets					4,764	3,952
						(1,504)	(801)

Changes in the p	resent value ofthe defi	ned benefit obligations were as f	ollows:
			2021	2020
			E000	FOOO
Opening defined	benefit obligation		4,753	5,050
Current service	costs		149	175
Past service costs				9
Interest expense			110	122
Actuarial (gains)	/ losses		1,337	(500)
Contributions by scheme participants			30	29
Benefits paid			(111)	(132)
(Gains) / losses	on curtailment
Closing defined	benefit obligation		6,268	4,753
hanges in the fair value of the pension		plan assets were as follows:
			2021	2020
			f000	f000
Opening plan assets			3,952	3,923
Inlerest income			91	94
Actual return on	plan assets (excluding	interest income)	732	(76)
Assets distributed	on settlement
Contributions by	employer		70	114
Contributions by	scheme participants		30	29
Benefits paid			(111)	(132)
Closing plan assets			4,764	3,952

ncipal ac	tuarial	as	sumptio	ns used were as follows:
					2021	2020
Discount	rate				2.0%	2.3%
Expected Expected	rates rates	of of	salary pension	increases increases	2.85 /o 2.85%	1.9% 1.9%