| Notes | Unrestricted | Designated | Restricted | Total | Funds | Funds | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income | Funds | Funds | Funds | 2022 | 2021 | |||||||
| 6 | 6 | 8 | 8 | 6 | ||||||||
| Donations | ||||||||||||
| Investment | 2 | 96 | 328 | |||||||||
| Incoming Resources from Charitable |
Activriies | |||||||||||
| Charitable activities |
203,363 | 1,015,179 | 1,218,542 | 1,042,576 | ||||||||
| Other trading activities |
3 | 342,527 | 342,527 | 270,782 | ||||||||
| Total Income | 545,986 | 1 015179 | I | 561,185 | 1,313686 | |||||||
| Expenditure | ||||||||||||
| Charitable activities |
4,11 | 772,633 | 926,142 | 1,698,775 | 1,436,094 | |||||||
| Total Expenditure | 6 | 772,633 | g26 142 | 1,698,775 | 1 | 436,094 | ||||||
| Gains/(losses) on investments |
||||||||||||
| Net Income I(expenditure) | (228,847) | 89,037 | (137,610) | (122,408) | ||||||||
| Transfers between |
funds | 11,12 | 41 895 | 34256 | 7639 | |||||||
| Other recognised | gains I(losses) | |||||||||||
| Remeasurement gain/(loss |
on | |||||||||||
| defined benefit pension |
plan | 1,015,000 | 1,015,000 | (535,000) | ||||||||
| Net movement in funds |
746,458 | 34,256 | 96,678 | 877,390 | (657,408) | |||||||
| Balances brought | forward | at | ||||||||||
| 1 April 2021 | 371,411 | 205,744 | 87,149 | 664,304 | 1,321,712 | |||||||
| Balances carried forward | at | |||||||||||
| 31 March 2022 | 1,117,869 | 240,000 | 183,825 | 1 | 541,694 | 664,304 |
| Cash flows from |
operating | operating | ||
|---|---|---|---|---|
| activities | 2022 | 2021 | ||
| E | 6 | |||
| Net movement in funds |
(137,610) | (122,408) | ||
| Adjustments for. |
||||
| Depreciation of tangible fixed assets |
37,847 | 36,372 | ||
| Purchase offixed assets | (5,000) | |||
| Other Interest receivable income |
snd similar | (96) | (328) | |
| Defined benefit costs | 247,000 | Ies,ooo | ||
| Changesin: | ||||
| Trade and other debtors | (314,858) | 83,753 | ||
| Trade and other creditors | 295,222 | (58,362) | ||
| Cash generated from operations |
122,705 | 87,027 | ||
| Interest received | 328 | |||
| Net cash from operating | activities | 12 801 | 87,355 | |
| Net Increase/(decrease) and cash equivalents |
In | cash | 122,801 | 87,355 |
| Cash and cash equivalents beginning ofyear |
at | seg,e97 | 772,342 | |
| Cash and cash equivalents ofveer |
at end | 982,498 | 859,697 | |
| 20 |
| CROYDON VOLUNTARY ACTION | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NOTES TO THE FINANCIAL STATEMENTS |
|||||||||||||||||
| FOR THE YEAR ENDED 31 MARCH 2022 | |||||||||||||||||
| 1. ACCOUNTING POLICIES |
|||||||||||||||||
| a) General Information and baste ofpreparation |
|||||||||||||||||
| Ths charity ls a private company limited by guarantee, registemd in England and Wales |
and | a registered | charity in Engfand |
and Wales | The | address of | |||||||||||
| the registered office is82 London Road, Croydon, Surrey, CRO 2TB The financial statements |
have been | prepared | on a going | consem | basis under the | ||||||||||||
| historical cost convention, modified to include |
certain items at fair value. | ||||||||||||||||
| The financial statemerlts have been prepared |
in accordance with Accounting and Reporting by Charities. |
Statemsnl | ofRecommended | Practice applicable | |||||||||||||
| to charities pmparing their accounts in accordance with the Financial Reporiing Standard |
applicable in the UK |
and Republic | of | ireland (FRS | 102)effective | ||||||||||||
| I January 2015 —(Charities SORP FRS102),the Financial Reporting Standard applicable in |
the United | Kingdom and |
Republic | of Ireland (FRS 102),the | |||||||||||||
| Charities Am 2011,the Companies Act 2006. |
|||||||||||||||||
| The charity constitutes a public benefi entity. | |||||||||||||||||
| Ths financial statements have been prepared |
on the historical cost basis, as modified by the |
revaluafron | of | certain financial | assets and | liabilities and | |||||||||||
| investments measured at fair value thmugh income or expenditure. |
|||||||||||||||||
| The financial statements are prepared in sterling, which is the functional currency ofthe |
entity | and rounded | to | the nearest 2 | |||||||||||||
| Going concern | |||||||||||||||||
| There are no matenal uncertainties regarding |
the ability ofthe charity to continue. The trustees therefore |
continua to | adopt | the | going | concern | basis in | ||||||||||
| preparing the financial statements. |
|||||||||||||||||
| 0) Fixed assets | |||||||||||||||||
| Fixed assets are recorded at cost Any item under 22,500 is expensed tothe SOFA the year | in which it is |
purchased. | |||||||||||||||
| c) lfepreclstlon | |||||||||||||||||
| Depreciation is pmvided on sg tangible fixed |
assets, otlter than freehold land, at rates calculated towrite |
down the cost or valuation, | less estimated | ||||||||||||||
| residual value, ofafi tangible fixed assets evenly aver their expected useful economic fives as follows: |
|||||||||||||||||
| Computer equipment |
.3years | ||||||||||||||||
| Equipment | -Between 3and 10years | ||||||||||||||||
| Leasehold land and buildings |
|||||||||||||||||
| and improvements fess than 50 years) |
-Over the lease term | ||||||||||||||||
| Freehold properly and leases over 50years |
-50years | ||||||||||||||||
| d) Investmsnts | |||||||||||||||||
| Investments held as fixed assets are slated at their fair value. Any gsirr/(loss) forthe |
period istakerr to | the | Statement of | Financial | Activities | as | |||||||||||
| unrealised gainsl(losses). |
|||||||||||||||||
| e) Resources Expended | |||||||||||||||||
| Expenditure is recognised on arl accruals |
basis as a liability is incuned. Expenditure |
includes any VAT | which cannot bs | fully | recovered, and is |
||||||||||||
| classified under headings ofthe statement |
ofhnancial activities to which it relates: |
||||||||||||||||
| expenditure on charitable activities includes sf costs incurred by a charity in undertaking |
activities that | further its | charitable | aims | forthe | benefit of its | |||||||||||
| beneficiaries, including those support costs and costs relating to the governance ofthe charity apportioned |
to charitable | activities. | |||||||||||||||
| ~other expenditure Includes afi expenditure |
that is rwither related to raising funds for | the charity nor part | of | its expenditure | on charitable activities. |
||||||||||||
| Afi costs are allocated to expenditure categories reflecting the use ofthe resource. Direct |
costs attributable | to a | sfngle activity are allocated | directly to | |||||||||||||
| that activity. Shared costs are apportioned | between the activities they contribute to on a reasonable, justifiable and consistent basis. |
||||||||||||||||
| I) Incoming Resources | |||||||||||||||||
| All incoming resources are included rn the statement offinancial activities when entitlement has passed |
to the | chartty: it is |
pmbsbls | that the | economic | ||||||||||||
| benetlts associated with the transaction will flow to the charity and the amount can be refiably |
measured | The | fofiowing spedfic | polbies | are | applied to | |||||||||||
| parbcul sr categories ofincome: | |||||||||||||||||
| ~ income from donatrons orgrants is recognised when there is evidence ofentitlement to the |
gilt, receipt | is probable | and its | amount | can be measured | ||||||||||||
| reliably | |||||||||||||||||
| ~ legacy income is recognised when receipt is probable and entitlement is estabfishsd. |
|||||||||||||||||
| ~ inconte from donated goods is measured at |
the fair value ofthe goods unless this Is impractical to measure |
reliably, | in which | case | the value | is derived | |||||||||||
| from the cast tothe donor orthe estimated resale value Donated facilities and services |
are recognised | in | the | accounts when received | ifthe | value can be | |||||||||||
| reliably measured No amounts sre included |
for the contribution ofgeneral volunteers. |
||||||||||||||||
| income from contracts forthe supply ofservices Is recognised with the delivwy ofthe contracted service |
This is classified | as unrestricted | funds unless | ||||||||||||||
| there is a contractual requirement for itto ba |
spent on a particular purpose and returned |
ifunspent, in which |
case it | may be | regarded | as restricted. | |||||||||||
| g) Debtors and creditors | |||||||||||||||||
| Trade and other debtom ars recognised at the settlemsnt amount due after and trade discounts. |
Prspayments | are valued at | the amount prepaid | net ofany | |||||||||||||
| discourrts, | |||||||||||||||||
| Creditors and provisions are recognised where |
the charity has a present obligation rewrifing from a past event |
tlwt wtg | probably result |
in the transfer offunds | |||||||||||||
| to a third party and the amount to settle the obltgatlon | can be measured orestimated reliably. |
||||||||||||||||
| 21 |
| FOR THE YEAR ENDE | D 31 MARCH 2022 | D 31 MARCH 2022 | D 31 MARCH 2022 | ||||||
|---|---|---|---|---|---|---|---|---|---|
| 7. TANGIBLE FIXED | ASSETS | Freehold | Leasehold | Furniture & |
|||||
| Property | Property | Equipment | Total | ||||||
| E | E | 6 | 8 | ||||||
| Cost orvaluation | |||||||||
| At I April 2021 | 268,148 | 1.63D,514 | 257,968 | 2,156,630 | |||||
| Additions | 5 DDD | 5000 | |||||||
| At31 March 2022 | 268.148 | I 630514 | 262,968 | 2,161,630 | |||||
| Accumulated depreciation |
|||||||||
| At I Aprif 2021 | 105,682 | 454,007 | 251,401 | 811,290 | |||||
| Provided durinq ths year |
4604 | 31756 | 1 487 | 37847 | |||||
| At 31 March 2022 | 110486 | 485763 | 252,888 | 849137 | |||||
| Net book values | |||||||||
| At 31 March 2022 | 157.662 | I 144751 | ID,QSQ | I312,493 | |||||
| At 1 Apr0 2021 | 162,266 | 1 176507 | 6,567 | I 345 340 | |||||
| 8.DEBTORS | 2022 | 2021 | |||||||
| E | |||||||||
| Other debtors and accrued income | 377,275 | 7D,457 | |||||||
| Bad Debt Provision | (4,424) | (4,424) | |||||||
| Prepayments | 11758 | 3,918 | |||||||
| 384609 | 69951 | ||||||||
| 9.CREDITORS ~Amounts |
falling due | 2022 | 2021 | ||||||
| within one year | E | E | |||||||
| Other creditors and accruafs | 134,813 | 72,667 | |||||||
| Other taxes and social | securhy | costs | 7,542 | 4,337 | |||||
| Monies held for third parties | 14,540 | 14,540 | |||||||
| Deferred income | 245 011 | 15140 | |||||||
| 401,906 | 1D6664 | ||||||||
| AD deferred income is released |
fn the following | year. | |||||||
| 10.PROVIStONS FOR | LIABILITIES ANO | ||||||||
| CHARGES | 2022 | 2021 | |||||||
| 8 | 6 | ||||||||
| Desned bene6t pension | liability | ||||||||
| (see note 16) | 736000 | 1 504000 |
| The total cost recogni | sed | in th | e peri | od wa | s as follows: | ||
|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||
| 6000 | 5000 | ||||||
| Current service cost | (215) | (149) | |||||
| Past service cost | |||||||
| Plan introductions, changes, |
curtailments | and settlements | |||||
| Net interest income | Iexpense | (32) | (19) | ||||
| Recognised in profit |
or loss | (247) | (168) | ||||
| Recognised in other |
comprehensive | income | 1,015 | (535) | |||
| Total cost recognised | 768 | (703) | |||||
| Amounts recognised |
in the balance | sheet | were as follows: | ||||
| 2022 | 2021 | ||||||
| f000 | f000 | ||||||
| Present value offunded | obligations | (6,069) | (6,268) | ||||
| Fair value of plan assets | 5,333 | 4,764 | |||||
| (736) | (1,504) |
| Changes | in the p | resent value ofthe defi | ned benefit obligations were as fo |
llows: | |
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| f000 | OOOO | ||||
| Opening | defined | benefit obligation | 6,268 | 4,753 | |
| Current | service costs | 215 | 149 | ||
| Past service costs | |||||
| Interest | expense | 127 | 110 | ||
| Actuarial | (gains) | / losses | (457) | 1,337 | |
| Contributions by |
scheme participants | 29 | 30 | ||
| Benefits | paid | (113) | (111) | ||
| (Gains) | / losses | on curtailment | |||
| Closing | defined | benefit obligation | 6,069 | 6,268 | |
| hanges | in the fair value ofthe pension | plan assets were as follows: | |||
| 2022 | 2021 | ||||
| f000 | EOOO | ||||
| Opening | plan assets | 4,764 | 3,952 | ||
| Interest | income | 95 | 91 | ||
| Actual return on | plan assets (excluding | interest income) | 490 | 732 | |
| Assets distributed | on settlement | ||||
| Contributions by |
employer | 68 | 70 | ||
| Contributions by |
scheme participants | 29 | 30 | ||
| Benefits | paid | (113) | (111) | ||
| Closing | plan assets | 5,333 | 4,764 |
| lan assets was as | follows: |
||
|---|---|---|---|
| 2022 | 2021 | ||
| Equity instruments | 68 | 65 | |
| Debt instruments | (bonds) | 16 | 20 |
| Property | 13 | 13 | |
| Cash | 3 | 2 | |
| 100 | 100 |
| ncipal actuarial assumption |
s used were as fo |
llows: | ||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Discount rate | 2.7% | 20% | ||
| Expected rates ofsalary increases | 3.2% | 2.85% | ||
| Expected rates ofpension | increases | 32% | 2.85% | |
| The mortality assumptions |
used for longevity | (in years) on retirement | at age 65are: | |
| Males | Females | |||
| Current pensioners | 21.9years | 24.1years | ||
| Future pensioners | 22.7years | 25.8years |
| Change in |
assumptions | assumptions | at | 31 | March | Approximate | % increase | to | Approximate |
|---|---|---|---|---|---|---|---|---|---|
| 2022: | Defined Benefit Obligation | monetary amount |
|||||||
| f000 | |||||||||
| 0.1%decrease | in Real Discount Rate | 2% | 120 | ||||||
| 1 year |
increase in |
member | life | 4% | 243 | ||||
| es ectanc | |||||||||
| 0.1%increase | in the Sala | Increase rate | 0% | ||||||
| 0.1% increase | in the Pension | Increase | 2% | 108 | |||||
| Rate CPI |