## **CROYDON ACRO**
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31[st] OCTOBER 2023
Charity Registration: 1109027
## CROYDON ACRO
## LEGAL AND ADMINISTRATION DETAILS YEAR ENDED 31[st] OCTOBER 2023
Executive Committee Mary Baldry - Chair Asha Fowells–Secretary Penny Guerrini – Treasurer (Trustee) Correspondence Address 23 Stanhope Road Carshalton Surrey SM5 4LH Principle Bankers NatWest Wallington Branch 27 Woodcote Road SM6 0LN
## **CROYDON ACRO ANNUAL REPORT YEAR ENDED 31[st] OCTOBER 2023**
The executive Committee have pleasure in presenting their report and financial statements of the Charity for the year ended 31st October 2020.
## **CHARITY OBJECTIVES**
- To promote community participation in sport, particularly gymnastics for people based in Croydon and the surrounding areas.
- Focusing on children and young people, so as to build their health, recreation & leisure opportunities leading to a better quality of life.
- The recreational and squad classes, for the ages ranging from 2 to 21+
## **GOVERNMENT**
The members act as the Executive Committee and have control of the charity and its funds.
## **EXECUTIVE COMMITTEE RESPONSIBILITIES**
The executive Committee are required to prepare a statement of accounts for each Financial Year that give a true and fair view of the state of affairs of the charity at the end of the Financial Year and of income resources and application of resources in the year. In preparing the statement, the Executive Committee are required to:
- Select suitable accounting policies and apply them consistently.
- Make judgements and estimates that are reasonable and prudent.
- State whether applicable accounting standards and statements of recommended practice have been adhered to.
- The Executive Committee are responsible for keeping proper accounting records which disclose with accuracy the Financial position of the Charity at all times.
- The Executive Committee are responsible for safeguarding the assets of the trust and hence for taking responsible steps for the prevention and detection of fraud and any other irregularities.
## **FINANCES**
Income and expenditure during the year amounted to £57,146 (£28,883) and £48,493 (£39,591) respectively. The income in the year being an unrecognised balance in Paypal. The attached financial statements show the current state of finances. The Charity’s bankers are NatWest, Wallington, Surrey.
## **CROYDON ACRO Notes to the accounts For the Year Ended 31[st] October 2023**
## **ACCOUNTING POLICIES**
## **Accounting Convention**
These financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities and applicable UK Accounting Standards. They have been drawn up on the historic cost accounting basis.
## **Depreciation**
Fixtures and Equipment are depreciated on a straight line basis using the estimated life of the asset.
## **Unrestricted Funds**
These are available for use at the discretion of the trustees in furtherance of the general objectives of the Charity.
## **Restricted Funds**
There are currently no restricted funds.
## **Current Assets**
Current assets include the bank balances at 31[st] October 2023
## **CROYDON ACRO**
## **CHAIR’S ANNUAL REPORT**
## **YEAR ENDED 31[ST] OCTOBER 2023**
## Fund Raising
This year was all about regrowing attendance at the club after the previous COVID affected years. The club has built the membership up during the year, but is still not at pre-pandemic numbers. The increase in fees has helped offset the drop in numbers, but this is still considered to be work in progress. The increase in hall hire (approx..25%), will mean the club will have to raise class prices once again and manage any drop in numbers that may cause.
Approved by the Executive Committee on the 2nd June, 2023
and signed on their behalf by
## _P. Guerrini_
Penny Guerrini (Acting chairperson)
**Independent examiner's report on the accounts**
**Report to the trustees/ members of**
Croydon ACRO
**On accounts for the year** 31[st] October 2023 **ended**
**Charity no** 1109027 **(if any)**
**Set out on pages** 1-2
**Respective** The charity's trustees are responsible for the preparation of the accounts in **responsibilities of** accordance with the requirements of the Charities Act 2011 (“the Act”). **trustees and examiner**
The charity’s trustees consider that an audit is not required for this year under section 144 of the Act and that an independent examination is needed. It is my responsibility to:
- examine the accounts under section 145 of the Charities Act,
- to follow the applicable Directions given by the Charity Commission (under section 145(5)(b) of the Act, and
- to state whether particular matters have come to my attention
**Basis of independent** My examination was carried out in accordance with general Directions given **examiner’s statement** by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
**Independent** In connection with my examination, no material matters have come to my **examiner's statement** attention which gives me cause to believe that in, any material respect:
- accounting records were not kept in accordance with section 130 of the Charities Act or
- the accounts do not accord with the accounting records
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
**Signed:** _Andrew Hicks_ **Date:** 20/08/23 **Name:** Andrew Hicks **Relevant professional** ACMA CGMA **qualification(s) or body Address:** Russetts, Church Lane Danehill East Sussex RH17 7EU
**Croydon ACROStatement of Financial ActivitiesFor the Year Ended 31st October 2023**
|**Incoming Resources**
**Receipts**
Fees
Membership Subscription inc. Tax Refund
BGA & Licences
Competitions
Fund Raising
T-shirts, leotards, bags etc
50/50 Club
Interest
Course Fees
Other Income
**Total Incoming Resources**
**Resources Expended**
**Expenditure**
_Charitable activities in furtherance of objectives_
Fees
Coaches Payments
BGA & Licences
Competitions
T-shirts, leotards, bags etc
_Support Costs_
Fund Raising Costs
Courses for Coaches
Hall Hire
Sundry Equipment
Depreciation
Office, Administration & Sundry Expenses
_Legal and Progessional_
Accountants Fees
Equipment Insurance
Trustees Honorariums
**Total Resources Expended**
**Net income/(outgoings) resources for the year**
**Fund Balances, 1 November 2022**
**Movement between funds**
**Fund Balances, 31 October 2023**|Unrestricted
45,780
-
4,108
1,754
-
2,856
130
606
190
1,723
57,146
-
15,072
6,058
3,168
475
24,773
-
120
15,360
173
-
3,957
19,610
350
1,010
-
1,360
45,743
11,403
70,056
81,459|Designated
-
-
-
-
-
-
-
-
-
-
-
_-_
-
-
2,750
-
2,750
-
-
-
-
-
-
-
-
-
-
-
2,750
2,750
-
2,750
-|2023
**Total**
£
45,780
-
4,108
1,754
-
2,856
130
606
190
1,723
57,146
-
15,072
6,058
5,918
475
27,523
-
120
15,360
173
-
3,957
19,610
350
1,010
-
1,360
48,493
8,653
72,806
-
81,459|2022
**Total**
£
21,681
-
1,344
3,102
-
2,007
190
59
-
500|
|---|---|---|---|---|
|||||28,883|
|||||-
15,806
4,064
1,582
914|
|||||22,366|
|||||-
43
12,288
7
-
3,625|
|||||15,962|
|||||350
913
-|
|||||1,263|
||||||
|||||39,591|
|||||10,708)
(
83,514
-
72,806|
We approve these accounts and confirm that we have made availability all records and **information necessary for their preparation.**
- Chair
For and on behalf of the Executive Members Committee
CROYDON ACROBALANCE SHEET AS AT 31ST OCTOBER 2023
|£
FIXED ASSETS
Equipment
28,343
Less Accumulated Depreciation
28,343
CURRENT ASSETS
Stock
Cash at Bank (as adjusted)
Cash Float
PREPAYMENTS
Less
CREDITORS:
Amounts falling due
within one year
TOTAL ASSETS LESS CURRENT LIABILITIES
FUNDS & RESERVES
Designated
Unrestricted|2023
£
-
0
575
53,592
67
54,234
27,470
245
81,459
-
81,459
81,459|2022
£
-
0
575
66,267
67
66,909
6,142
245|
|---|---|---|
|||72,806|
|||2,750
70,056|
|||72,806|
Approved by the board of Trustees on ……………………………………….. & signed on its behalf
…………………………………. ……………………………… TRUSTEE TRUSTEE
Page 2