REGISTERED CHARITY NUMBER.. 1070419 Report of the Trustees and Unaudited Financial S¢Atements for the Year Ended 31 March 2025 for Cro)'don Ac&demy of Eastern Arts BBli Partn¢r5hip Chartered Accounlanls & Siaiutory Auditors l Beauchamp Court 10 Victors Way Barnet Hertfordshire EN5 5TZ Croydon Academy of EAStern Arts Contents of the FinanLi*l Statement for the Year Ended 31 March 202.$ Page Report of the Truslees Independent Examiner's Report Statement of Financial Activities Sl*¢ement of FinAnei&l Position Notes to the Financial Slilements 6 to 10 DetAiled Statement of FinAnciAI A¢¢ivlties Croydon Academy of Eastern Arts Report of the Trustees for the Year Ended 31 MArch 21125 The Iruslees present their report iviih the financial slalements of the charily for the year ended 31 March 20?5. The trustees httve adopted the provisions of Accounting and Reporting by Charities.. Sialement of Recommended Practice appl icable to charities preparing iheir accounts in accordaii¢e with Ihe Financial Reporting Standard applicable in the UK and Republi ¢ of Ireland {FRS 10?) (effective l January 2019). OBJECTIVES AND ACTIVITIES Objectives The objectives of the CAEA are lo provid¢ or a5SISt in the provision of facilities to advance educaiion, cultural herilagye. and ihe funherance of social inclusion and wellb¢inb'. primarily within the Tamil community in the London Borough of Croydon and surrounding areas, lo proinole similar objectives which are deemed by law lo be chariiable and to provide or assist in the provisions of facilities for r¢creaiion and leisure linie activities benefiting the community. Achievements &nd Performance The Irustees are satisfied wilh Ihe progress made during 11)e year. The charity organised a number of events and activities incorporating all age groups and has successfully traii)ed numerous students in perforniaiice arts. ACHIEVEMENT AND PERFORMANCE Ch#ri¢Able 4clivilies l-he charity's achievemen15 for the year are coniained in Ihe Annual Report and ilie INslees are satisfied witl) the progres5 made during the year. FINANCIAL REVIEW FinanciAI i)osition Teachers, .salaries And rent comprise the large recurrin&F expenses of the charity. The board also monitors the Charity's reserves to ensure that they are neither excessive nor in defi¢il. Similarly lo last year. the Charity generated a satisfa¢iory financial outcome wilh net increase in funds. This was achieved with the support of ils members, slaff and volunieers, together with efficienl financial managpement. The tru51ees continue to review the adminislralive controls and systems to ensure that all sources of incoine are enhanced sufficiently lo enable Ihe future developmeni of the Academy. STRIICTIIRE, GOI'ERNANCE AND MANAGEMEIYT Governiiig document The cl)arily is controlled by ils gToverning docuinenl, a deed of Irusl and constitutes an unincorporaled charity. OrganisAtional structure The charity has a board of trustees Ihal meet regularly and are responsible for the slrdlegic direction and policy of the trust's work. Related parties There were no significant related party Iransaclions during the accounting period ended 31 March 2025.. Risk m*n8gement The Itwstees have a duly to identify and review the risks lo which the charity is exposed and to ensure appropriaie controls are in pla¢e lo provide reasonable a55Liran¢e against fraud and error. REFEREIYCE AND ADMINISTRATIVE DETAILS Registered Charity number 1070419 Prinf ipal 8ddress 65. Shirley Road, Croydon Surrey CRO 7ES Pagel I Croydon Academy of Eastern Arts Report of the Trustees for the Year Ended 31 March 2025 Trustees Mr S RaiMaling?am Head of Finance {resigned 5.1 ? 24) Mr K Subramaniatn Head of Community (resigned S.12.24} Mr C A Kailaya-vasai) President (resigned 5.1 ?.24) Mrs U I Prasanna Ilead of Education Iresi¥i)ed 5.1 ?.24) Mr K Arasaratnani Head of l)rojects (resigned 5.12.24) Mr S Bharaneeiharan Seerelary IresigTned 5.1 ? ?4) Mrs R Rag?ulan President lappoinled S.12.24) Mrs R Thiraviyathasan Se¢relary {appoinled .$. l ? ?4) Mrs T Kirubagaran Head of F.ducalion {appoinled 5.12.24) Mr K Logarydjah Head of Finance {appoinled 5.12.241 Mr L Achuihan Head of Community (appointed 5.12.24) Mr P Sivanaihan Head of Projects (appointed 5.12.24) Independent Examiner BBK Partnersl)ip Chartered Accountants & Sialulory Audilors l Beauchamp Court l O Victors Way Barnel Hertfordshire EN5 5TZ Approved by order of the board of Iruslees on 221711 aiid signed on ils behalf by: Mr K LogJaraj(I 'rrusl¢e Page12 I n(lependeni F.AAniiner'_4 Report lo ilie I'rusltes of C roi Acad¥mi' ol. Emslern .4rt5 Inilepcnllenl rinminer's report lo the iTiisltes of Crol'don .4¢adim!' of Eastern .4rt5 I r¢pon 10 tlie cliaril¥' triigieeR Dn iiTrK' eNen(lenl exAmincr's st#iemtni I have coiiipleled n)). examinaiion. l ¢0i)firn) Iliai 110 niaieridl mallers have come lo n)y ftii¢ntion in conneclion iviih Ilie 'X4rriinalioii gJji'iiib> Ille CllUSL to beliei'e Ilidl iii ali J. ii)iiierial resp¢il'. aLLoiiiiliiiLI ￿'¢ordS were 1101 k-LpI iii respeci of Il)e I'rusl as re4uired bv Seciion 1.30 of Ilie Act.. or Ihe accounis do nol accord iviili those records: or the accounis do noi con)pl)' Ivi111 the applicable requir¢men15 concernin&T the lorm and conienl of accounis sel oui iii ilie Chariiics IALcoiin15 RL'POrtsl RL'iiulati()ns ?008 c?Iher than any requiT¢'n7ciil thai Ihe aL¢oiiiils &>ive a irnr and fair vie ¥lii¢h is nLN a mattLr considered S PaTI of iiidepLndenl examination. I ha¥'e no concerns and have come across no oilier m8llcrs in conneclion wilh the examinalion lo ivhi¢h ollciilioii should be drawn iii illi5 r¢p011 in order lo eiiahle a proper iii)dersiaiidiiig ofilie acLoiinls lo be reaclied. S S ,4niold B IJK P(Innership C"liart¢i'cd ilceDIii)liini% &. %iiilulor)' ..liidilors l Beau( Iiaiiip Colit1 Bdl'llL'I DaiL: Croydon Academy of Eastern Arts StA¢ement of Financial Actii'ities for the Year Ended 31 Nlarch 2025 31.3.25 Unrestricted fund 31.3.24 Tolal funds Noles INCOME AND ENDOWMENTS FROM Donations and legacies 1,464 1.039 Other trading activities Investment income 53,207 22,?02 33,679 Tot41 76,873 66,990 EXPENDITIIRE ON Books 420 518 Cliaritoble activities Resource expended 6A 47,282 40,285 Other 10.485 9,822 Total 58,187 50,625 ET INCOME 18,686 16.365 RECONCILIATION OF FIINDS Total fuiids brouglil forward ?62,046 245.543 TOTAL FIINDS C.ARRIED FORWARD 280.732 261,(A)x Page14 Croydon Academy of Eastern Arts S¢a¢ement of Financial Posi¢ion 31 March 2025 31.3.25 Unrestricted fund 31.3.24 Tolal funds Notes FIXF.D ASSETS Tangible assets 340.917 341,158 CIIRREIYT ASSETS Debto Cash al bank and in hand 6,472 31,090 1,290 18,329 37.562 19,619 CRF.DITORS Amounls falling, due within one year 10 (18,024) (8,.184) IYET CIIRRF.NT ASSL'I'S 19,538 11,235 TOTAL ASSETS LESS CURRENT LIABILITIES 360,455 352.393 CRF.DITORS Amounis falling due after more than one year 179,723) 190,4851 NET ASSETS ?80,7.12 261.908 FIIiYDS Unrestricted funds 280,732 261,908 TOTAL FIINDS 280,732 261.908 The fii)ancial 51alemenls were approved by Ilie Board of Trustee5 and auihorised for issue on signed on its behall. by.. z21112 . and were Mr K Logaraja Trustee Page15 Croydon Academy of Eastern Arts Notes to the Fiiiancial Statements for the I'eAr Ended 31 M8rcl) 2025 ACCOUNTING POI,ICIES Basis of prepArin% the finAneiAI statements The financial stalemei)Is of ihe charity. which is a public benefit enlity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 10?) 'Accounling and Reporting by Charities.. Statement of Recommended Practice fApplicable to charities preparing their accounts in accordance with the Financial ReporlingJ Sillndard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive l January ?019}'. Financial Reporting Siandard 102 'The FiiianLial Reporting Siandard applicable in tlie UK and Republic of Ireland, and ihe Cliarities Act ?0 I l. The financihl stalements have been prepared under the historical cost convention, as modified by the revaluation of certain assets. Income All income is recognised in the Siaiemenl of Finai)cial Activities once Ihe charity has entitlement lo the funds, il is probable that the income will be received and the amount can be measured reliably. Expenditure Liabiliiics are recobyi)ised as expendilure a5 soon as there is a legTral or conslruclive obligalion coinmiiiing7 the charity lo thai expenditure, il is probablc Ihat a trnnsfer of economi¢ bcnefils will be required in setileinenl and Ilie amount of ihe obligFalion can be measured reliably. Expenditu￿ is accounted for on an accruals basis and has been classified under headings Ihat ag&Fregale all cost relaled lo the categyory. Where ¢051s cannot be directly allribut¢d lo particular heading)s they have been allocated to activities on a basis con5islent with Ihe use of resources. Tangible fixed assets Depreciation is provided al the following annual rates in order to write off each asset over ils estimated useful life. Fixtures and fittings ?OO/o on reducing balance T#xfition Tlie chariiy is exempl from tax on ils charitable activities. Fund accounting Unreslricled funds can be used in accordance with Ihe charitable objectives ai Ilie discretion of Ihe Iruslees. Reslricied funds can only be used for particular restricted puryioses wiihin the obje¢is of the charity. Restrictions arise when specified by ihe donor or when funds are raised for particular re51ricled purposes. Further explanalion of the nature and purpose of each fund is iiicluded in Ihe notes lo the financial slaleinent5. Land #nd building No depreci<11ion l)as been charged on the freehold properly as the trustees considers that the policy of maintaining properties to a high standard would cause any depreciation potentially charged lo be immaterial. As a resu It of the Iruslees, view regarding freehold property values, a tull annual impairment review is carried oui. Donations and legFacies 31.03.2025 31.03.2024 Gifts Donations Subscriplions 6.119 4,410 740 725 1,465 11.0.39 Page16 Croydon Academv of Easlern Arts Notes to the Financial Stotements conlinued for the Year Ended 31 ￿tarCh 2025 OTHER TRADING ACTIVITIES 31.3.25 31.3.24 Rental income Fee income Community Activities thei. iiicoi)ie Events- Annual and Christmas program 10,997 19,108 5.736 15.875 9,090 2,978 511 7.719 53.207 33,679 INVESTMENT INCOME 31.3.25 Rent In¢oine Inleresl receivable 22.200 22,270 22,20? 22,272 TRIISTEES, REMUNERATION AND BENEFITS There were no Iruslees, remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024. Trustees, expenses There were no trustees, eApenses paid for the year ended .1 l March 2025 nor for ihe year ended 31 March 2024. STAFF COSTS The average monihly number of employees durinsF the year was as follows., 31.3.25 21 31..3.24 16 Staff No employees received emoluments in excess of £60,000. 6A Resource expended Wages Rent Rates & Water Insurance LigFht & Heat Fixtures & fittingys IT Cost5 Sundries Bank charge 31.3.24 17,158 13.495 4,445 604 3.008 301 21,184 17,212 3,147 948 2.030 241 554 961 205 47,282 40.285 Page17 Croydon Aeademy o(Eastern Arts Notes to the FinAncig1 Statements - continued for ihe l'ear Ended 31 Nlarch 2025 7. Other Repairs and maintenance F.venls- Annual and Christmas expenses Accolli)lancy fee Bank interesi 31.03.25 -340 4,822 450 4.873 31.03.24 4,100 400 5.3?2 10,485 9.8?? COMPARATIVF.S F'OR THF STATF.MENT nF FINANCIAL ACTIVITIES Unrestri¢ied fund INCOME AND ENDOWMENTS FROM Donations and legacies 11.039 Other trading activities Investment income 22.272 Total 66,990 EXPENDITIIRE ON Books 518 Ch&rit*ble activities resoui'ce expended 40.285 Other 9,822 Total 50,625 NET INCOME 16,365 REC'ONCILIATION OF FIINDS Total funds broug,ht forward 245,543 TOTAL FIINDS CARRIED FORWARD 261.908 TANGIBLE FIXED ASSETS Fixtures and fittings F reehold property Totals COST At l April 2024 and 31 March 2025 339.952 14,976 354.928 DEPRECIATION At l April 20?4 Charge for year 13.770 241 241 At 31 March 2025 14,011 14.011 NET BOOK" VALUE Ai 31 March 2025 339,952 965 340,917 At 31 March 2024 339,952 341.1$8 The estimaied fair value of the freehold property as of the year end M'as £544000. Page18 DEBTORS: AMOUNTS FALLINC DUE IVITHIN ONE YEAR 31.3.25 31.3.24 Trade debtors Other debiors 5,787 685 ,290 6,472 1.290 10. CREDITORS: A￿l01)NTs FALLING DIJE WITHIIY ON'E YEAR 31.3.25 31.3.24 Taxaiion and social security Other credilors 1.884 16.140 7,241 18.024 8..384 CREDITORS: AMOIINTS FALLING DIIE AFTER MORE THAN ONE YEAR 31.3.?4 Bank loans (see note I l ) 79.723 90.485 LOANS An analysis ol'ihe malurily of loans is given below.. 31.3.25 31..1.24 Amouiils fallingTr due between two and five years: Naiwesl Loaii 6195 Naiwesl Loan- BBL Members Loan 68.?95 6,928 4,500 75.076 10,909 4,500 79.7?3 90.485 12. MOVEMENT IN FIINDS Nct moveinei)I in funds Ai .1113125 Ai 114124 Uiireslricled funds General fund 262,046 18,686 280,732 TOTAL FUNDS 262,046 18,686 280,732 Page19 Croydon AcAdemy of Eastern Arts Notes to the FinAneiAI Siatements - continued for ihe l'ear Ended 31 ￿tarCh 202$ MOVEMENT IN FIINDS- Continued Nel movemenl in fiinds, included in the above are as follows-. Incoming resources Resources expended Movement in funds Unrestricted funds General lund 76,873 (58,187) 18.686 TOTAL FLINDS 76,873 .$8,187) 18,686 Comparatives (or movement in funds Nei movement in funds At 311.3125 Al 114124 Ilnrestricted funds General fund 245,543 16,365 261.908 TOTAL FIINDS 245,543 16,365 261,908 Comparative nei movemeni in funds, included in the above are as follows.. Incoining resources Resources expended Movemeni in funds IIDrestrieled funds General fuiid 66,990 50,6251 16.365 TOTAL FIINDS 66.990 150,625) 16,365 RELATED PARTY DISCLOSIIRES There were no significanl related party transactions during the accounting period ended 31 March 2025. Page | 10 Croydon Academy of Ellstern Arts Detailed Statement of Financial Activities for the I, ear Lnded J l ￿larch 2025 31.3.25 31.3.24 INC.OME AND ENDOWMENTS Donations 4nd legacies Gifts tX)iialions Subscriplions 740 725 4.410 1.464 11,039 Other trading activities Rental income Fee income Community Activilies Other income Events- Annual and Christmas program 10.997 19.108 14.803 .$80 7,719 5.736 15,875 9.090 2,978 53,207 33.679 Investment income Rent Income Inleresl receiv8ble 22.200 22,270 22,?02 TotAI incomtng resources 76.873 66,990 EXPF.NDJTIIRE Other trading *etivities Books 420 518 Charitable 4etivities 21.984 17,?12 3,147 948 2.0.10 ?41 17.158 Renl Expense Rales and Water Insurance Li&,ht aiid heal Fixtures and fittings 604 3.008 -io1 45,562 38,981 Other Repairs and mainlenance Evenls-Aiinual and Cliristmas program Accountancy fees Bank interest 340 4.822 450 4,873 4,100 400 5,322 10,485 9,822 Pagel 11 Croydon Academ), of Eastern Arts Det#iled Statement of Financial Activities for the Year Ended Jl March 202$ 31.3.25 31.3.24 Support costs ManAgetnent IT Cost 554 1,133 Finance Sundrie5 Ilank charges 961 205 171 1.166 Total resources expended 58,187 50,625 Net income 18.6x6 16.-165 Pagel 12