2023-03-31-accounts

		Page
Trustees' report		1-13
Statement ofTrustees'	responsibilities	14
Independent auditor's	report	16-18
Statement offinancial	activities	15
Balance sheet		20- 21
Statement ofcash flows
Notes to the financial	statements	22- 33

			Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
			funds	funds		funds	funds
			2023	2023	2023	2022	2022	2022
		Notes			F	6		8
Income from:
Donations and
legacies		3	528,362	449,345	977,707	410,273	313,131	723,404
Charitable activities		5	975,956		975,956	833,267		833,267
Investments		4	472		472	37		37
Total income			1,504,790	449,345	1,954,135	1,243,577	313,131	1,556,708
~E* st
Charitable activities		6	1,443,611	469,759	1,913,370	1,225,570	303,742	1,529,312
Net incoming/(outgoing)
resources before
transfers			61,179	(20,414)	40,765	18,007	9,389	27,396
Gross transfers
between funds			(4,371)	4,371
Net income/(expenditure)
for the year/
Net movement	in funds		56,808	(16,043)	40,765	18,007	9,389	27,396
Fund balances	at 1 April
2022			1,565,249	16,043	1,581,292	1,547,242	6,654	1,553,896
Fund balances	at 31
March 2023			1,622,057		1,622,057	1,565,249	16,043	1,581,292

						2023	2022
					Notes		f
Cash flows from operating			activities
Cash (absorbed by)/generated			from		20
operations						(2,711)		291,140
Investing	activities
Purchase	of investment properly					(1,638,144)
Investment	income received					472	37
Net cash (used in)/generated				from
investing	activities					(1,637,672)		37
Financing	activities
Repayment	of bank loans					2,013,266	(45,397)
Net cash generated from/(used				in)
financing	activities					2,013,266		(45,397)
Net increase in cash and cash equivalents						372,883		245,780
Cash and	cash equivalents	at beginning			ofyear	715,060		469,280
Cash and	cash equivalents		at	end of	year	1,087,943		715,060

				2023	2022
			Notes	8	8
Fixed assets
Tangible assets			10	1,341,617		1,381,016
Investment	properties		11	1,638,144
				2,979,761		1,381,016
Current assets
Debtors			12	309,639	116,979
Cash at bank and in		hand		1,087,943	715,060
				1,397,582	832,039
Creditors:	amounts	falling due within
one year			14	(324,014)	(213,757)
Net current	assets			1,073,568		618,282
Total assets less current liabilities				4,053,329		1,999,298
Creditors:	amounts	falling due after
more than	one year		15	(2,396,272)		(383,006)
Provisions	for liabilities			(35,000)		(35,000)
Net assets				1,622,057		1,581,292
Income funds
Restricted	funds		18			16,043
Unrestricted	funds			1,622,057		1,565,249
				1,622,057		1,581,292

Freehold land and buildings	4% and 10%on a straight line basis	4% and 10%on a straight line basis
Plant and equipment	20% on a straight	line basis
Fixtures and fittings	25% on a straight	line basis
Motor vehicles	25% on a straight	line basis

				Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
				funds	funds		funds	funds
				2023	2023	2023	2022	2022	2022
				8	6		6	5
Donations		and	gifts	528,362	449,345	977,707	410,273	313,131	723,404
Donations		and gifts
Croydon	DASA			148,951		148,951	141,721		141,721
BBCChildren			in Need		39,709	39,709		39,709	39,709
Big Lottery					106,197	106,197		83,185	83,185
Innovation		Fund			18,720	18,720
GLArDASA					192,517	192,517
LHA					20,000	20,000
Iris					42,208	42,208		68,000	68,000
Other				379,411	29,994	409,405	268,552	122,237	390,789
				528,362	449,345	977,707	410,273	313,131	723,404

		Unrestricted	Unrestricted
		funds	funds
		2023	2022
			F
Interest	receivable	472	37

					Charitable	Charitable
					Expenditure	Expenditure
					2023	2022
					K	F
Staff costs					1,056,689	919,336
Depreciation	and		impairment		39,399	41,006
Housing management				and maintenance	478,330	346,089
Subcontracts					20,921	17,052
Staff Training					50,125	27,777
Staff Welfare					11,694	8,497
Recruitment					16,156	3,148
Other Housing		Services			5,427	4,658
Travel and Subsistence					2,474	3,024
Advertising,	Printing			and Stationery	15,762	15,449
Audit Fees					4,380	4,680
Voluntary Expenses					2,820	562
Bank Charges		and Interest			233	16,867
Legal &Professional					74,312	27,303
Other charitable			expenditure		120,326	85,892
					1,899,048	1,521,340
Bad Debt					14,322	7,972
					1,913,370	1,529,312
Analysis by	fund
Unrestricted	funds				1,443,611	1,225,570
Restricted funds					469,759	303,742
					1,913,370	1,529,312

The average	monthly number ofemployees during the ye	ar was:
		2023	2022
		Number	Number
Service delivery		33	27
Management	and administation	8	8
Total		41	35
Employment	costs	2023	2022
			6
Wages and	salaries	911,602	805,574
Social security costs		100,276	80,633
Other pension costs		44,811	33,129
		1,056,689	919,336

Tangible fix	ed asset	s
			Freehold land	Plant and	Fixtures and Motor vehicles		Total
			and buildings	equipment	fittings
			6	6	6
Cost
At 1 April 2022			1,643,274	52,107	15,087	1,715	1,712,183
At 31 March	2023		1,643,274	52,107	15,087	1,715	1,712,183
Depreciation	and impairment
At 1 April 2022			262,259	52,106	15,087	1,715	331,167
Depreciation	charged	in the year	39,399				39,399
At 31 March	2023		301,658	52,106	15,087	1,715	370,566
Carrying amount
At 31 March	2023		1,341,616				1,341,617
At 31 March	2022		1,381,015				1,381,016

				2023
				E
Fair value
At 1 April 2022
Additions	through	external	acquisition	1,638,144
At 31 March 2023				1,638,144

			2023	2022
			E	E
	Freehold		1,638,144
	Long leasehold
	Shortleasehold
12	Debtors
			2023	2022
	Amounts falling due within one year:		E	F
	Trade debtors		254,147	51,446
	Other debtors		29,792	7,564
	Prepayments	and accrued income	25,700	57,969
			309,639	116,979
13	Loans and overdrafts
			2023	2022
			E	E
	Bank loans		2,432,288	419,022
	Payable within	one year	36,016	36,016
	Payable after one year		2,396,272	383,006

Creditors:	amounts	falling due within one year
				2023	2022
			Notes		6
Bank loans			13	36,016	36,016
Other taxation and social security				33,369	21,829
Trade creditors				74,344	48,347
Accruals and deferred		income		180,285	107,565
				324,014	213,757
Creditors:	amounts	falling due after more than one year
				2023	2022
			Notes	'E	6
Bank loans			13	2,396,272	383,006
Provisions	for liabilities			2023	2022
				6	8
				35,000	35,000

	At 1 April 2022 and 31 March 2023						35,000
17	Analysis ofnet assets	between funds
		Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		funds	funds		funds	funds
		2023	2023	2023	2022	2022	2022
		6	f	6	f		8
	Fund balances at 31
	March 2023 are
	represented by:
	Tangible assets	1,341,617		1,341,617	1,381,016		1,381,016
	Investment properties	1,638,144		1,638,144
	Current assets/(liabilities)	1,073,568		1,073,568	602,239	16,043	618,282
	Long term liabilities	(2,396,272)		(2,396,272)	(383,006)		(383,006)
	Provisions	(35,000)		(35,000)	(35,000)		(35,000)
		1,622,057		1,622,057	1,565,249	16,043	1,581,292

						td	N Cd	CII
						dlV	VI Cd
						ld	V
				N NN0		dl IO	ld
				CL Q.0 I0	N	dl dlV N	'0 4I'00 tda	Itd	CD CO 0	CD O I Ol CV	f Ol 01 CD Cd	CO O Ctl Ctl N	0 O O O Ctl	CV 0 CO	I IA CD	0 IO	CO CO IA CO
				dl CL	4-	ld CC	dt
				dl
				0 M C0'0	0 0	CD0 E0VC	N dlV00 ld N	CII	CD CO O	01 O CD CV	01 CD 01 CV	CO 0 Ctl Ctl	O 0 O 0 Cd		IA Ctl 01	O CLI CO	IA CD Od
				ID
				N td		ld dtV	Cd td0 IN	Dd
				Ol '130		dl III IS	a
				td
				NC0 ID 00 0 N	N 0 4- C	V Id dl a	0 4I0C dlO. X		Ol CO	CDO I CD CD	Ctl IA CD Ctt	IA O Od 01 CO	I CO CO IO	0 Cl00 IA			CD Cl
				N0C N td 0 dl0	C dl E 0Z	Cd 'E	NdlV 0 dl dl		IA CO CO	CD O 01 Ctd	I Ctl IA 01 Ctl	O 0 0 CO CO	I CO CO CO Ctl	O O O CI IA	CV O IO		CQ
				ID
				CL dd dtC		dl 4IV0	Cd VI	Vd	Ol	'	'	IA CI 01
				AlC		td Id	a
						CD
Ci				00
LLJI-	CI			Cl
Z CL	UJDZI-Z0			Ol0 dl CL E00
M	O			N 't30
	V)I-
LLJZ0	UJX UJ			dl0 M N
z0	(0	LJ		ID 43 0
CI
0KO Ci cZ	OZ Z UJ	Cl Ci UJ	dl C	N 0 ID 0 N T3						N dlZ C C				dl		43
Z0	I- I-0 II) UJI-0	UJ 0	'0 N0 Ih ID CL'	ID E00 N					dl dl 0 O ~o CD CO IS IS		IU CO		N Al0 &O			CL C0 td 0

19	Related party transactions	Related party transactions
	There were no disclosable related		party	transactions		during		the	year (2022 - none).
20	Cash generated from	operations								2023	2022
										E	E
	Surplus for the year									40,765	27,396
	Adjustments for:
	Investment income recognised in		statement		offinancial		activities			(472)	(37)
	Depreciation and impairment oftangible			fixed assets						39,399	41,006
	Movements in working	capital:
	(Increase)/decrease in	debtors								(192,660)	122,165
	Increase in creditors									110,257	100,610
	Cash (absorbed by)/generated		from	operations						(2,711)	291,140
21	Analysis ofchanges	in net debt
									At 1 April 2022	Cash nowsAt 31 March 2023
									E	E	E
	Cash at bank and in hand								715,060	372,883	1,087,943
	Loans falling due within	one year							(36,016)		(36,016)
	Loans falling due after	more than	one year						(383,006)	(2,013,266)	(2,396,272)
									296,038	(1,640,383)	(1,344,345)