Company Number.. 4114552 Charity Number 1084451 Croydon Neighbourhood Care Association A REGISTERED CHARITY AND A COMPANY LIMITED BY GUARANTEE REPORT AND FINANCIAL STATEMENTS For the year ended 31 March 2024
Croydon Neighbourhood Care Association Company Number: 4114552 Charity Number 1084451 CONTENTS Page Reference and administrative information Trustees, report Independent Examiner's Report Statement of financial activities Balance sheet Notes forming part of the financial statements 10-13
Croydon Neighbourhood Care Association Company Number., 4114552 Charity Number 1084451 Reference and Administrative Inlormation Directors and Trustee5 The directors and trustees in office from 1 April 2023 to 31 March 2024 were.. Geraldine Ozah Alan Mills Norman Till Christine Waring Brian Longman Richard Wragg Angela Green Ray Hardy Registered Office & Principal Office Central Hall Davidson Lodge Freemasons Road Croydon CRO 6PD Banker5 CAF Bank Ltd 25 King5 Hill Avenue, Kings Hill, West Malling, Kenc ME19 4JQ Independent Examiner Adrian Beckett Charity Number 10844S1 Company Registration Number 4114552
Croydon Neighbourhood Care AssocSation Company Number,. 4114552 Charity Number 1084451 Trusteès, Annual Report For the year period 1 April 2023 to 31 March 2024 The Trustees present their annual report on the affairs of the Charity, together with the financial statements for the period 1 April 2023 to 31 March 2024. The financial statements have been prepared in accordance with the Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities in preparing their accounts in accordance with FR5102 and the requirements of the Companies Act 2006 and the Charities Act2011. Principal Activity The charity is constituted as a company limited by guarantee ("CNCA'), and is therefore governed by a Memorandum and Articles of Association. The objects of the Association, as set out in the Memorandum of Association of CNCA, are "to act for the relief of persons in need and for such other charitable purposes for the benefit of the inhabitants of the London Borough of Croydon as the charity shall from time to time decide and to do all such things as are incidental or conducive to the attainment of that object., Public Beneflts Core activity The principal object of CNCA is to promote, support and develop local neighbourhood care schemes within the London Borough of Croydon for the relief of isolated and vulnerable adults, supporting our Member Groups to continue to provide preventative seNices to the community, through best practice, training and development. CNCA also provides various related services for the same Member groups. Other Services CNCA has now for several years ur)dertaken a Complex Befriending Service, This service complements the Neighbourhood Care schemes by provision of support to those unable to attend clubs due to age, frailty or illness. CNCA has provided the Befriending Service which is a hybrid service of home visits and telephone calls. These are for older people who are generally 80 years plus. This extends beyond clients to family members as well, many of the clients are at End of Life and we support them throughout this period. We work closely with many other VCS partners and across the Statutory services. Since CNCA lost the commission from London Borough of Croydon at the end of March 2023 we have relied on our reserves to provide the seNices mentioned. The withdrawal of funding by London Borough of Croydon was entirely due their financial cut backs and no fault of CNCA. The Council continues to value the work that CNCA does.
Croydon Neighbourhood Care Assoaation Company Number: 4114552 Charity Number 1084451 Trustees. Annual Report For the year period 1 April 2023 to 31 March 2024 We are currently about to embark on distribution of the Government's Hardship fund which has been filtered down to us via the London Borough of Croydon. As this project is in its infancy more will become clear next year. CNCA have decided to involve our partner groups in this exercise and will recruit an additional member of staff on a short term contract to assist with administration. This fund will be shown in our accounts as a restricted fund. We are members of the Local Community partnerships and attend and encourage our members to also become involved. This community initiative is part of the Healthy Communities Together project, and involves setting community plans for each of the 6 Localities across Croydon. Alongside this we produce and circulate across the Borough a popular fortnightly Bulletin and Directory of our members and their services which is complemented on our website. We have Facebook, Instagram and Twitter accounts. We have a number of volunteer5 who provide many hours of support each month. This is a value added support for the London Borough of Croydon, and complements the relatively small amount of funded work we undertake. We support groups with Policies and procedure5, funding news and grants, writing bids for small grants and to be part of larger partnership pieces of work. We are assisted with funding to do this work by a grant from an anonymous donor through The Communities Aid Foundation. We also undertake smaller pieces of work; outings and parties for clients and Christmas bags and presents and small gifts and birthday cards, which are funded by grants from a variety of donors such as Relief In Need, The Frances Winham Trust, John Lewis and Waitrose and others. Operational Performance CNCA has had a major setback since withdrawal of funding by London Borough of Croydon. The Trustees and staff have drawn up plans to approach a number of Charities in order to supplement our income but we are currently challenged by our financial circumstances. The Trustees are constantly monitoring our financial plans but attempts to find a major source of funding have so far proved fruitless. The Trustees and staff of CNCA are committed to continuing their work. The main achievements are; Actively supporting all the member organisations, including supporting trustees, providing Information and advice, funding support and guidance as well as working on new initiatives and projects. Communication is key and with this in mind members have been regularly contacted by phone, email and the fortnightly information bulletin5. We support groups with information, advice, funding applications and resources.
Croydon Neighbourhood Care Association Company Number.. 4114552 Charlty Number 1084451 Trustees. Annual Report For the year period 1 April 2023 to 31 March 2024 Developing and extending its services in line with the changing needs of the older population of Croydon, especially in response to post Covid. Continually reviewing our services and conducting the necessary preparatory work to diversify the activities to meet changing need5. Hosting various multidisciplinary meetings and fostering partnership working within the third sector Providing information and training courses Going Concern Review The Trustees continue to assess the viability of CNCA and to ensure staff roles are regularly reviewed and amended to reflect the current needs of the Charity. They have reviewed the business plan, budget for the current year and the level of reserves as at the end of the previous financial year. Given all of these elements, they are satisfied that the Charity is a going concern for the coming year but beyond that the future is uncertain. The Trustees and staff are continually seeking additional sources of funding and other activities to seek to ensure that CNCA continues in the long term and its funding sources are diversified. If this is not successful, the trustees will take appropriate measures. Financial Performance CNCA has shown a surplus for the year of £71,612 {2023- surplus of £32,792). In particular, the restricted activities showed a surplus of £69,687 (2023 - surplus of £32,564) and the unrestricted activities showed a surplus of £1,925 {2023 - surplus £228). The designated reserves are detailed in the notes to the accounts and include a contingency reserve to cover core running costs for one month and a reserve to cover current statutory redundancy and notice costs of all staff. The trustees consider the current level to be adequate to support the continuation of the current activities of CNCA. Risk Management The Trustees have actively examined all major financial risks and other operational and business risks faced by the charity, seeking to broaden its funding base for the future. As future funding is uncertain, the Trustees believe that they have established systems to mitigate the significant risks as far as possible. Statement of Public Benefit The trustees have paid due regard to the guidance on public benefit produced by the Charity Commission and are confident that the work of the Charity meets all the criteria for public benefit.
Croydon Neighbourhood Care Association Company Number: 4114552 Charity Number 1084451 Trustees. Annual Report For the year period 1 April 2023 to 31 March 2024 Trustees Responsibilities in relation to the f inancial statements The Trustees are required by company law to prepare financial statements for each financial year, which g ive a true and fair view of the financial activities of the charity and its financial position at the end of the year. In preparing those statements the Trustees are required to: a) select suitable accounting policies and apply them consistently b) make judgments and estimates that are reasonable and prudent c) state whether the policies adopted are in accordance with the Companies Act 2006 and with applicable accounting standards and statements of recommended practice, subject to any material departures disclosed and explained in the financial statements. d) Prepare the financial statements on a going concern basis unless it is inappropriate to assume that the charity will continue in operation. The Trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time, the financial position of the charity and enable them to ensure that the financial statements comply with S419(2) of the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approval This report was approved by the Board and signed on its behalf by. Signed for and on behalf of the Trustees and Directors Gerrle Ozah (Chair) Date: 10 December 2024
Croydon Neighbourhood Care Association Company Number: 4114552 Charity Number 1084451 TNDEI PENDII NT F,XAMINER'S Rf,PORT TO THE TRUSTEES OF CROYDON NEIGHBOURHOOI) CARI ASSOCIATION I report to the charity trustees on my examination of the accounts of the Company for the year ended 31sI March 2024.1 have undertaken a full review ofthe Balance Sheet, Profit and Loss, Cash flow, Bank Reconciliations and the Invoice and Expenses processes of CNCA. As the charity's trustees of the Company (who are also the directors of the company for the purposes of company lawl, you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 20061.the 2006 Act"). Having satisfied myself that the accounts of the Company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respert of my examination of your charity's accounts as carried out under section 145of the Charities Act 2011 ("the 2011 Act"), l am confident that the reports are a full and fair reflection of the activities undertaken by CNCA for the period 1st April 2023- 31st March 2024. In carrying out my examination, I have followed the Directions given by the Charity Commission (under section 145(5llb) of the 2011Act. I have completed my examination. I confirm that no material matters have come to my attention which gives me cause to believe that.. accounting records were not kept in accordance with section 386 of the Companies Act 2006,. or the accounts do not accord with such records,. or• the accounts do not comply with relevant accounting requirements undersedion 396 of the Companies Act 2006 other than any requirement that the accounts give a 'tNe and fair, view which is not a matter considered as part of an independent examination,. or. the accounts have not been prepared in accordance with the Charities SORP {FRS102), I have reviewed the fixed assets of which at the period end these have been fully written down within the balance sheet. The bank reconciliations were reviewed as of the year end and there were no outstanding items to cause any concern - there were a150 a number of random checks perfomied on other periods of the year with a similar result. The invoices and expenses were randomly checked for adherence to the policies and processes and I can report no issues of concern, Accruals and prepayments were reviewed and again no cause for concem was noted. The reserves held I believe to be both prudent and proportional. I have no concern5 and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Adrian Beckett 26th October 2024
Croydon Neighbourhood Care A550ciation Company Number,. 4114552 Charlty Number 1084451 Statement of Financial Activities (incorporating Income and Expenditure Account) For the year period 1 April 2023 to 31 March 2024 Unrestricted Restricted Funds Funds 2024 2024 Total Funds 2024 Total Funds 2023 Note Income from: Donations 1,723 5,525 7,248 2,260 Charitable Activities 209,211 209.211 260,083 Investments 2,566 2,566 887 Other Income 1,606 3,693 5,299 1,007 Total 5,895 218,429 224.324 264,238 Expenditure on: Raising funds Charitable Activities 3,970 148,742 152,712 231,445 Tota I 3,970 148,742 152.712 231,445 Net Income / (expenditure) 1.925 69.687 71,612 32,792 Transfers between funds Net movement in funds 1,925 69,687 71,612 32,792 Total Funds brought forward 109,676 170,537 280.214 247,421 Total Funds carried fonvard 111.601 240.224 351,827 280,214
Croydon Neighbourhood Care Association Company Number: 4114552 Charity Number 1084451 Balance Sheet As at 31 March 2024 2024 2023 Note FIXED ASSETS Tangible A55ets= CURRENT ASSETS: Cash at bank and in hand 10 351,827 280,214 Debtors 351,827 280,214 CREDITORS: Amounts falling due within one year 12 NET CURRENT ASSETS.. TOTAL ASSETS LESS CURRENT LIABILITIES 351.827 280,214 351.827 280.214 THE FUNDS OF THE CHARITY Restricted Funds 240,224 170,537 Unrestricted Funds 111,601 109,676 TOTAL CHARITY FUNDS 351,827 280,214 The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022. No members have required the company to obtain an audit of its accounts for the year in question. under Section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject the small company's regime. Gerrie Ozah (Chair) Date.. 10 December 2024
Croydon Neighbourhood Care Association Company Number.. 4114552 Charity Number 1084451 NOTES TO THE FINANCIAL STATEMENTS Year Ended 31 March 2024 ACCOUNTING POLICIES Basis of preparation of Accounts The financial statements have been prepared under the historical cost convention. The financial statements have been prepared in accordance with FRS102 Statement of Recommended Practice (SORP) 2015 and applicable accounting standards to a non-larger charity. The charity is dependent on continuing grant aid and as a consequence the going concern basis is also dependent on the continuing grant aid. Company Status The charity is a company limited by guarantee. The members of the company include Trustees named on page 1. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. Expend itu re Resources expended are included in the Statement of Financial Activities on an accrual basis, inclusive of any VAT which cannot be recovered. Income All incorning resources are included in the SOFA when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. No amounts are included in the financial statements for services donated by volunteers. Deferred Income In accordance with the SORP, grants received in advance and specified by the donor as relating to specific accounting periods or alternatively which are subject to conditions which are still to be met as deferred on an accruals basis to the period to which they relate. Such deferrals are shown in the notes to the accounts. Fund Accounting General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. These funds are held to finance both working capital and capital investment, Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements. Restricted funds are funds which are to be used in accordance with Specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. Investment income and gains are allocated to the appropriate fund.
Croydon Nelghbourhood Care Association Company Number.. 4114552 Charlty Number 1084451 NOTES TO THE FINANCIAL ATEmENTs Year Ended 31 March 2024 Tangible Fixed Assets Individual fixed assets costing £200 01 more are capitalised at cost. Depreciation is provided on all tangible fixed assets at rates calculated to write off the expected useful economic lives as follows: Office Equipment 33% straight line basis Finance and operating leases Rentals applicable to operating leases are charged to the SOFA over the period in which the cost is incurred. Assets purchased under finance leases are capitalised as fixed assets. Obligations under such agreements are included in the creditors. The difference between the capitalised cost and the total obligation under the lease represents the finance charge. Finance charges are written off to the SOFA over the period of the lease so as to produce a constant periodic rate of charge. Taxation A5 a registered charity, the company is exempt from income and corporation tax to the extent that its income and gains are applicable to charitable purposes only. Value added tax is not recoverable by the charity, and as such is r)ot included in the relevant costs in the Statement of Financial Activities. DONATIONS AND GIFrs 2024 2023 Restricted Donations 5,525 1,798 Unrestricted Small Donations 1,723 7.248 462 2.260 3. INVESTMENT INCOME 2024 2023 Interest Receivable 2,566 887 4. CHARITABLE ACTIVITIES- GRANTS AND CONTRACTS 2024 2023 London Borough of Croydon- Core Funding National Lottery Large Anonymous Donor via CAF (LAD) 153.000 5.711 50.500 209,211 111,699 98,384 50,000 260,083 io
Croydon Neighbourhood Care Association Company Number.. 4114552 Charity Number 1084451 NOTES TO THE FINANCIAL STATEMENTS Year Ended 31 March 2024 5. EXPENDITURE ON CHARITABLE ACTIVITIES Total 2024 Total 2023 Unrestricted Restricted Staff Costs (note 8) Premises Costs Office Expenses Depreciation other Costs 3,087 308 393 116,909 11,103 14,165 119.996 11.411 14,558 111,149 16,202 15,128 182 3.970 6,565 148,742 6,747 152,712 88,966 231,445 6. RESOURCES EXPENDED 2024 2023 Total resources expended include: Independent Examination Mains Services (gas / electricity I water) Operating Lease - Land & Buildings Office Expenses - IT Systems and new equipment Office Expen5es- Telephone systems Operating Lease- Photocopier Other Costs- HR and H&S Consultancy Other Costs - Insurance 525 3,711 7.700 4,492 3,014 1,996 734 743 6,270 9,265 5,735 3,910 1,960 910 1,847 7. TRUSTEE REMUNERATION No out of pocket expenses were reimbursed to Trustees (2024.. Nil). 8. STAFF COSTS (see Note 5 above) 2024 2023 Salaries National Insurance 101,298 16,283 734 99,783 8,959 566 Agency Fees staff Recruitment, Travel & Welfare Training 1,681 1,841 119,996 111,149 No employee received emolumerlts in excess of £60,000 (2024.. Nil). Totals exclude Employers Allowance: £4,000 {2024: £4,000) The average number of employees in the year, analysed by functions was 2024 2023 Charitable Activities Management and Administration li
Croydon NeiEhbourhood Care Association Company Number: 4114552 Charity Number 1084451 NOTES TO THE FINANCIAL STATEMENTS Year Ended 31 March 2024 9. TANGIBLE FIXED ASSETS Office Equipment Cost At 1st April 2023 Additions Disposals At 31st March 2024 23,459 23.459 Accumulated Depreciation- At 1st April 2023 Charge for the year Disposals At 31st March 2024 23,459 23.459 Net book values At 31st March 2024 At 31st March 2023 10. CASH AT BANKAND IN HAND 2024 2023 Petty Cash CAF Cash Current account CAF Gold Deposit account CAF Trust account so 58,206 253,547 40,013 351,827 27 62,896 98,235 119,056 280.214 11. DEBTORS 2024 2023 Debtors 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Accruals Creditors 13. FINANCIAL COMMITMENTS 2024 Land and Buildings 2023 Land and Buildings Other Other Expiry Date Less than one year Two to five years 7,700 1,965 7,700 1,965 7,700 12 1,965 7,700 1,965
Croydon Neighbourhood Care Assoclatlon Company Number: 4114552 Charity Number 1084451 NOTES TO THE FINANCIAL STATEMENTS Year Ended 31 March 2024 14. CAPITAL COMMITMENTS There are no capital commitments as at 31 March 2024 (2023- Nil). 15. STATEMENT OF FUNDS. 1 April 2023 31 March 2024 Income Expenditure Transfers Unrestricted Funds Payroll Severance Reserve General Contingency Fund Total designated funds General Reserve Total unrestricted funds 19,500 15,000 34,500 75,176 109.676 (4,500) 15,000 15,000 30,000 81.601 111.601 (4,500> 4,500 5,895 5,895 3,970 3,970 Restricted fund5: LB Croydon - Core Funding Carers (5,359) 153,000 105,064 5,711 65,173 50,500 5.659 9,218 170,537 218.429 69,408 52,059 18,057 9,218 148,742 78,233 58,716 97,616 5,659 240.224 LAD (CAF) DBS & Other funding Total restricted f unds The reason for each of the designated reserves is as follows: Payroll Severance Reserve- the cost of any potential redundancy of staff, by reserving the redundancy pay and notice pay cost of all staff. Contingency Fund - this reserve ensures that there are funds for one month of ongoing operating Costs. 16. ANALYSIS OF GROUP NET ASSETS BETWEEN FUNDS Unrestricted Designated Funds Unrestricted General Funds Restricted Funds Total Funds 31st March 2024 Funds are represented by Fixed Assets Current Assets Current Liabilities Total Funds 240,224 30,000 81,601 351,827 240,224 30,000 81.601 351.827 17. CONTINGENT LIABILITIES The Directors do not consider that there are any contingent liabilities. 18, ULTIMATE CONTROLLING PARTY CNCA does not consider that it has any ultimate controlling party. 13