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|||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|
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||||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|
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|||||||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|
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|||||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|
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|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|
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|||||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|
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||||||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|
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|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|
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|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|
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|||||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|
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|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)|