## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||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||||||||||