Charity registration number 1122878 

Company registration number 06269709 (England and Wales) 

## CROYDON COMMITMENT LIMITED 

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 



## **CROYDON COMMITMENT LIMITED** 

## **LEGAL AND ADMINISTRATIVE INFORMATION** 

Directors Mrs K Glass Mrs K D Chillman Mr I J Palmer A H Biley (appointed on 13 January 2025) S Carroll (appointed on 13 January 2025) L C Jackson (appointed on 28 November 2024) A Khan (appointed on 28 November 2024) J P Goodridge (appointed on 17 September 2024) 

Charity number Company number Principal address 

## 1122878 

06269709 

c/o Croydon Commitment Mott Macdonald Renaissance House 9-16 Dingwall Road Croydon Surrey CR0 2EE 

Registered office Tbxh Sunley House 4 Bedford ParkCroydon Croydon Surrey CR02AP Independent examiner DSK Partners LLP, Chartered Accountants 306 High Street Croydon Surrey CR0 1NG 



## **CROYDON COMMITMENT LIMITED** 

## **CONTENTS** 

||**Page**|
|---|---|
|Trustees' report|1 - 2|
|Independent examiner's report|4|
|Statement of financial activities|5|
|Balance sheet|6|
|Notes to the financial statements|7 -14|





## **CROYDON COMMITMENT** LIMITED 

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) 

_FOR THE YEAR ENDED 31 DECEMBER 2024_ 

The Directors present their report on the affairs of the charitable company together with the accounts for the above year. 

The following report is prepared in accordance with the small company regime (Section 419(2) of the Companies Act 2006). 

The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. 

## **Objectives and activities** 

The objects of the charity are to bring the business and voluntary sectors together for the benefit of Croydon residents and the local environment. The voluntary sector refers to charities and voluntary organizations and does not refer to local government or other statutory authorities. 

The main activities undertaken are local community projects around the themes of education, employment, environment, health & wellbeing and Social Inclusion, the majority of these projects are supported by volunteer staff from companies in Croydon and local charities. 

The trustees confirm that they have referred to the Charity Commission's general guidance on public benefit when reviewing the Trust's aims and objectives and in planning future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives they have set. The have paid due regard to guidance issued by the Charity Commission in deciding what activities they should undertake. 

## _Public benefit_ 

The Directors have paid due regard to guidance issued by the Charity Commission in deciding what activities the charitable company should undertake. 

## **Achievements and performance** 

_Significant activities and achievements against objectives_ 

The Directors feel that the overall standing of the charity has reflected the successful implementation of a new funding strategy. Performance has exceeded expectations, particularly in light of the economic downturn and the uncertainties of both political and financial stability. As we move into 2024, our continued careful monitoring and management of the financial resources available ensure that the Charity will operate within the acceptable parameters whilst supporting our stakeholders. The Directors feel that the report and accounts are a true reflection of the charity's receipts for the financial year and the income generated has met with our previous cautious financial forecasts. 

Following on from the successful bid to John Lewis in 2020 to run the Ways2Work Employability Programme, the Directors and management team worked together on a new programme and funding strategy. A decision was made to focus almost exclusively on employability programmes which made best use of our business partnerships and their employee volunteers as well as having continuing relevance to the socio-economic framework of Croydon. The business community is still feeling the effects of Covid and Brexit and so we have had to look at multiple funding streams - these include grants, sponsorships, consultancy work, business trusts as well as donations and some membership fees. 

Ways2Work has continued to deliver events and engagements reaching nearly 3,000 participants and careful resource management means that we can extend the programme well into 2024. There is potential to further develop the programme to support younger job seekers via a new Steps2Work initiative, subject to additional grant funding. In May the charity held its 4th Veterans Lunch to celebrate the Jubilee and in November was successful in being awarded funding from the Metropolitan Police to help them recruit from under-represented groups. This programme will be delivered in 2024. The charity also helped to support the launch of Our Future Health. 

The charity will continue to work on its employability programme and has some new primary school activities and events in the pipeline. Whilst the focus will rem in on employment, the charity will maintain some interest and involvement in education, social inclusion and sustainability projects. 

- 4 - 



CROYDON COMMITMENT LIMITED
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2024
Flnanclal f•vlew
R•sety6s pdicy
Croydon C¢Mrnilrnenl has a policy regardin9 the levgl of ￿$&￿VeS held al any on8 time in the bank. arnd this is Ihal I
arnounl ol rnoney held on reserve 5$ a minimurn of more than one year of th8 ch8ritys running COSt5. Thls in real terms
currtnlly a￿ount5 to £75,000 being held In Ihe bank accgunl and guaranle85 thal the ch8fily may still operate for 81 least Ihat
period If financial difficulties 8nsue This requirernenl w8s satisfied a5 ai the year end. We feel thi$ is a Yesponsible acllon on
our part anil Is accordance with guidglines laid down by Ihe Charllles CoTnmis5ion.
ajorrisks
The Oirectors have 8sse$$ed the major risks lo the cP14ritable company 1$ oxposed and art satisfv4d that sysitms aro
In place io mitwate 8xposur¢ lo tho major ri$k5.
Structure, governance and manag8ment
¢haril8ble company Ss a cornpany limited by guarantee.
Thè 9ovwning do¢ument i8 the m•morèndurn and artlcles ol ass￿lat￿)n.
Thg methods adopted for the r•cruilmgnl and appoinlmfjnt of new directors is by Invllatlon onty Infull agreement of the boar(t.
The Iru$lee$, who were also directors lor Ihe purpos• of cornpany18w, and who $efy•d during th? year and up io the dale of
5ignalur8 01 th8 financ181 $tstemani$ wer8..
Mrs K. Glass
Mr5 K D Chi11rn8
Mr l J Pglmer
A H 8iley
S CArroll
lapp0lnt￿ on 13ffi Janvary 20251
l¥ppolnled on 13* January 2025
lappoinled on 28° Novembèr 20241
lappoinled on 28th Novèmber 20241
LC Jackson
A Khan
J P Goodrldge
18ppolnled ￿ 17kn Seplgmber 20241
Rècruilrn?nl 8nd 8ppoinlmenl of truslee¥
one ol the Director5 has any bengficial inlèrèsi In th8 ¢ompany. Al of th• DiMctor$ Bro membfrrs of thè company and
gu8rantee to contnbulo £1 in the event ol a winding up.
The Tru
ee$, report was opprov•d by the 8oard ol Dlroelors.
Mrs K Glass
Diredor
12 December 2025

CROYDON COMMITMENT LIMITED
STATEMENT OF TRUSTEES, RESPONSIBILITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
The director$, who also act as trustees for the charitable aclivfties ol Croydon Cornmitmenl Llmlled, are ro$pon$ible lor
prepafing the Direclots. Report gnd the 8ccounis in accordance with applic8ble law 8nd United Klngdom Accounting
Stsnéard5 IUni18d thadom Generally Accept¥d Accounting Pracli¢o1.
Company Law ￿qUireS the Dwectols lo prepare accounts for each financial year which give a true and fair viow of Ihe stat8 of
affairs of the ch81ilabl8 company and ol the ineomiNJ re$ource5 and applration of resources. including the income and
expond*lure. ol thè eharilablg ¢¢mpany lor Ihal year.
In prepartng the58 a¢c¢xJnls, Iht Directors a￿ requlred to..
. 8elect $uftabl• oeeountlng pollcles and than apply them tonslslenty..
. ob$eNe the meth￿$ 8n(t prlnclples In the Chanll•$ SORP..
- rna8 judgernenls and •Slthaie¥ that are reasonablg and prudenl.,
Slate whelher applicable UK kcounting $18ndards have been follt)Wod, subject Ic* any material departures di$clo$ed and
eXp￿[nId in the accounts,, and
prepare the a￿oUnts on th• g￿ng concern bo$i$ unlès$ ￿ 1$ In8pproprlal• to pr•8urne that the charllable ￿MPanY wlll
conllnue In operalicfi.
The Dlreclor$ art respon$lble for kètrping ad8qU8le accounllng records th81 di$ck)se with reasonabl8 ac¢ur8ey al any limg
the fin8n¢i81 posllion ol the ch8rllable company and enable them to ensure that the accounts Comply with th8 Compan1•$ Act
2006. They are also responsSbl8 for 5afeguardlng the a55el$ of the chari18ble company and hence for laklng reason8ble st6p$
for the prwfrnllon and delecllon ol fraud ond other Irrogularitre5.

CROYDON COMMITMENT LIMITED
INDEPENDENT EXAMINER'S REPORT
TO THE DIRECTORS OF CROYDON COMMITMENT LIMITED
I r¢port on financial slalemonts ol the Charitab￿ company for Ihe ye8r ended 31 December 2024. which are Set out on
pages 5 to 14.
R¢spg¢tlve r•5ponslbllltl08 of Dlr•¢tors and •xamlnor
The ¢harllable cornpany's directors, who also acl as trustees the charitable activities of Croydon Commltmenl Limited,
are ￿sponsible IOT the preparali¢)n ol the financial slatemenls. The Diiec¢ors consider Ihat an audit 1$ not requirod for Ibls
year unL1¢r section 144121 of Ihe Ch8nlles Acl 2011 (the 2011 Acll and that an Independent examination Is needed.
Havillg $8lisfie%t mysem Ihal Ihe Charity is not sublaei to 4udil under company law and is el*ibl• lor IrKlep8nd8nt
examination. il is my responsibility to..
èxamine the financial Slalemenls undef Section 14S oflhe 2011 Id.,
lo follc*w th? procedures laSd down in th? gener81 Directbns ￿ven by the Charity Comml$sion uniler s￿l0n
1451Sllbl of the 2011 Acl, and
liiil Io Slate whether p8rticular matt•r5 have come lo my attenllon.
Bas1• ol Indepond•nt •x•mln•r'o r•p<>rt
My examination wa$ carried oul In accordan¢e wlth the general Oireclion5 9iv?n by tho Charlty ¢ommissSon. An
examination Includ￿ 8 reviw ol tho accoun1￿ng re¢ord$ kept by Ihè charity and a comparlson of the fin8nci81 $18lemenis
presenltd wllh those record5. 11 also Indud85 CoTr5id¢ral￿an ol any unusual i10rn5 or dis¢lo$ures in Ihe financial
sl8lemenl$ and seeking èxplanations Irom you as Iru$tees conc8ming any such m￿terS Th• procgdures undertaken do
nol provide 811 the evidence ihai would be requlred In an audlt arnd consequently no opinion Ls given as lo wheihw Ihe
nnancial slatem¢nls pT85enl 8.true and fair view. and the roPQrt 1$ limited lo Ihose rnzNers sel gul In the noxl sta18menl.
Ind•p•nd•nl examln•rf• •t•l•m•nt
In connection wlth my oxaminalicn. no rnatter h8s come tomy attenllon..
lal whi¢h gives me ￿8$onable cau59 to belleve Ihol In any rnaièr*l re$pe¢l the requlrements..
lo keep 8ccounlmg records In aeetsrdan¢e wjlh section 386 01 lib Companiès Aei 2006". aNJ
lo prèparo financial $1818monls which accord with Ihe a¢counling reeord5. comply wlth tho •ccounling
requiyèmenls ol $o¢lion 396 01 Iho Companies A¢1 2006 8nd with Iho mélhods And principles ol lh• Slalemenl
of Rèe¢)mmende(I Praclice. Accounllng and Reporting by Charities.
have not bean met or
Ibl lo which, in my opinion, attention Should be drawn In order to on8ble • proper und•rslandsng of Ihe finaneièl
slaièm8nls lo be reached.
Dhir81181 Shth IFCAI
DSK Partn•rs LLP
Chart•r•d Accounlanl$
306 High Slroèt
Croytjon
Surrey
CRO ING
Dai•d..
12 December 2025

CROYDON COMMITMENT LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
UnYe$trlcted
Unre8trlcted
lund8
fund$
2024
2023
Note$
Incomè from..
Volunt8ry Incomè
Investments
84,083
68,422
300
58
Total IncLYne
84.383
Expendllure on..
Support Costs
20,414
23.261
Charll8bl• aelivilie¥
34.51S
Totol r•stsur¢è$ gxpended
54.929
54.745
Not Incomellexpendllurel for Ihg yoarl
Nei movemonl in fun¢s
Fund balance$ 811 January 2024
Fund balances 8131 Dectrmber 2024
29.454
13.73S
106.737
77.283
The Slalemènl of financial actlvitws includes all g•ln$ ènd10¥3e$ recogni$éd in the year. All irtorne and exp•nditure denva from contiNe
aclrvilie$
Thg Stalernenl of finan¢ial actlvlth'¢$ also cornplles with thè requirernenls for on income an¢J èxpenditvre account und¢r the
Cgmpanle$ Act 2006.

CROYDON COMMITMENT LIMITED
{Registralion number= 06269709)
BALANCE SHEET
AS AT 31 DECEMBER 2024
2024
2023
Note5
Fixed assets
Inv8$lmenls
100
100
CUr￿n1 ossets
Debtors
19.140
488
Cash ai ballk and In hand
117,499
100222
138.639
100.710
Credllor8.' amounts falling due wllhin ono y?)r
Not curr•ni os$819
12
130,0021
123.5271
106,637
77,183
Total assets less ¢urrent Iwblliligs
106,737
77.283
Income funds
106,737
77.283
Unreglricled funds
106.737
Tho compgny Is entlll?d lo Ihe exempllon Irom lh• •udll rtguirernènl ¢onlalned in $eclk)n 477 01 the Comp8nies Act 2006. for
th• year 8nde(131 Oecember 2024.
The Dlr•clors aeknowlèdge thgir reJpon8lbililies for 8nsurlng that thè charity keeps accounting r•cord$ which compty wlth
section 386 of thè Aei And for pr¢pariThJ account$ wh￿h givo a true and lalr view of the stale o10ffairs of the company a$ at
the end of Ihe fin8n¢ial yoar and of ils incoming rgsourcg$ an¢ applicalits) of r•sourc85. In¢ludin9 11$ Incomè and expenditure,
for Ihg financial ye81 In accorilanco wilh Ihè roquirern?nls ol $e¢lions 394 and 395 and which olle￿iSe comply wilh Ihe
rèquirements ol Ihe Companles Act 2006 rdaiing tg ?¢¢ounls. $0 far as applicabl• 10 tha company.
Th• m•mbér$ hov¢ nol loquired the company to obtain an audil ¢f its financial stat￿ent$ lor Ihe year In quèsllon In
￿￿OrdanCe with s•elknn 476.
These financial sialèmént$ have b88n piep8red In acco￿anCe wrth thè provi8i¢xs 8pplicabl• to companieJ subject lo th•
srnall comp8n18s' regim•.
The financi81
tslem•nts wero approvèd by the Oirgclors on ,
i21Jéc 20£
Mrs K Glass
D￿r*ClOr

CROYDON COMMITMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEM8ER 2024
l Accounting poli¢i$s
Charity informatio
Cioydon C(xNmilrnent Ltrniled 18 a private comp8ny limited by guar8nlpe incorpDrated Jn England and Wale$. The
reglslered office is Tbxh Sunley House. 4 Bedford Park, Croydon, Surrey, CRO 2AP.
Accounting convonlion
Th¥ financi￿ Sbl&m8ni$ h8V0 bF8n prepared In acc<>rdanc8 wlh th8 charila￿e company's governin9 dotumènl, the
Cornpanies Act 2006, FRS 102 'The Fln8ncial Reporting Standard applicable tn the UK and Republic ctf Irelan￿ I"FRS
102.1 and the Charities SORP 'Ac¢ounting and Repgrting by Charrties.. Statement ol Ratommendsd Practice
applicable lo charllles weparing their a¢counts in 8ccoriJan(* wilh the Financial Res>orting Standard applicable in the
UK and Republk ol Ire18nd IFRS 1021" leffeclive l January 20191. The Chantable company is a Public Benofil Entity as
defined by FRS 102.
Thg ch81118ble tompany ha$ taken advantsge ol the prov181ons In the SORP lor ch8rilles not lo pr?p8re a $1818rn¢nt ol
Cash Flw$,
The financial staloment$ are prepared In Sterling. whlch 1$ ihe functional curr•ncy ollh? charitsble company. ￿￿etary
8mounl3 In thesè fin8n¢i8181aiornenlJ ara rwnd•d 10 lh• n•ar•61 £.
The accounts have bgon pr•parèd under the hlsknrKal cg51 ¢onvtsnli¢)n. The p￿Tr¢1paI accounllng pdldes adopted are
sel out below.
Charitable funds
Unreslricled lun(J$ ar8 available for use al the dls¢relion ol the Dir•ctor8 in furtherAnco of Iheir¢hari18ble obje¢lfves.
Restricted funds are subi•et lo spoclflc condrtlons by donors or granlfrrs #s lo how they may bè usèd The purp05•9
and usès of the reslnclod funds ar• let out in the nol•J lo Ihe financlal st81omenl$.
Endwment funds arè subj8cI to $pecific ¢ondition$ by d?nofS Ihal the ￿pItal musl be mainlained by thè ¢haril8ble
eomp#ny.
Ineoming reBource8
Income is reGognised whèn lh• charilawe company Is legolly enlill8d lo N after any perfom)anc• eondilions have been
rnet. the emounls can be rne8&ured reliably, and il is probable Ihal incorne will be re¢eived.
Cash donatlon$ are retognisèd on receipl. Othèr donations are recogni58d once tho charitable company has been
noirfied of the donallon. unless performance conditions require deforr81 of the amount. In￿me lax recov•Table in
r•18t￿n lo donations received undèr Gift Ald or dfrods of covenant Is rfjco)ni$8d al the lime ol tho donation,
L8gÈcies are recognisèd on roeaipt or othe￿1$& ￿1 the charitable company has been notifièd of an Impending
distribution, the amount is known. &nd receipl Is ex￿¢18d. If the amount is not known, the legacy is Ireatad as a
contlngenl ass•t.
R•v•nue is measured al the fair valuè of the consid•rtttion receNed or receiv8￿? 8nd repres8nt$ amounis rec•ivabl•
for seNi¢es providèd in the n¢Ymal ¢ours• of business. net of tliseounl8 and other sa1•54elaled 18xes.
10

CROYDON COMMITMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies
Icontinuedl
1,4 Resource5 expanded
ExpendilLtre is recognised once there is a legal or¢onstruclive obligation to transfer econornic b8nefit lo a third party, il
is probable that 8 Iran$for ol economic benefits will be required in setllemenl. and Ihe arnounl of the obligaiion can be
m8a5ur8d reliably.
Expen¢ilure Ss classlfied by activity. The ¢0515 of each aclivlty are up of the 10181 of t1irecl costs ond sh8red costs.
4n¢ludlng support costs involved In untlertaklng 88ch Sctivity. Direcl costs allfibul8ble lo a slnglè activily are allocaltsy
dlreclly to Ihal aclivity. Sh8red costs which contribute lo More than one activity and supporl cosi$ which are nol
attribuiable lo a single activity are apportioned between Ihose aclivi118s on a b8s1s conslstenl with th8 ￿$8 of re$ource5.
Cenlral 51aff costs are allocaiod on Iho ba$1$ of time spent, and deprecuillon chargès ar8 allogalo(l on the portion of the
asset's use.
Expendilura 15 recogn188(l on an accrual's basi$.
The CL•$t of gengraling funds 1$ lundral¥ing ?xpgndiltsr• Incurrgd by lh8 charly In r•$pecl of voluntary Income and
ncom• Ifom fundroislng activhle$. The exp8ndllure In¢lud&s dlrKI $laff cos18 and support costs.
Ch8rilable acllvllies expendilure includes actlvttle$ idenlKiabl• as wholty or malnly In support of Iht objectives ol the
Charity. Gr8DI8 8r? recogn1s￿ as cornmilted.
Governance costs ar¥ Ih05e co$t$ rdaling 10 COM￿18n¢￿ with constilulion81 and slalulory requlr8m8nl$ and tho
Structure and govern8nce review.
1.5 Flx•d asset investments
Flxèd asset invgslmenl5 are Inlllally rnea8urg1181 transacllon price excluding Iransaelbn ¢o$ts and are subsequently
measured at fair value al each reporting dale. Chang•9 in lalr value are recognisèd In nèi in¢(¥ne le¥penilltur81 for Ihe
yéar. Tran$aclion ¢osts are expèns8(l as Incurred.
1.6 Cash and cash equlvalents
Cash on(1 cash eouivalenls includè cash In hand. deposils hgld at call with banks. Othèr SIK•rt.le￿ liquid invè51m8nl5
with origir*al rn8liJrilies of Ihroo month$ or18s8, an¢Y bank overdrafts. B8nk overdralts arè shown within borr¢)wings in
1.7 Finan¢ial instruments
The ch8rilablè company has elecled loapply thè provision$ ol SeciK>n 11 'Basic Fin8nclg41 Inslrum•ni$' and Section 12
'OIMr Finènaal Instruments Issues. ol FRS 102 10 811 of rt$ financial inslrum8nls
FinancAal Inslrum•nls arè rèeognlsed In tho Chariièble company's balanc• $he•i wh8n the chantabjo company
bècomes partty lo the ¢onlra¢tual provision$ of Ihe Insirumenl
8•slc Iln•nel•l •$$*ts
Financial asse15 classified as other financial ass8tS are $lato¢J al lair value with any gains or losses 8rising on
remeasurement recognized in prolit and loss. The net gain or Ios5 re¢ognized In profil or105s inclu(Jes any
dividend or interesl eamed on the financi818s$el.

CROYDON COMMITMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 3 7 DECEMBER 2024
Accountlng poliC￿S
(Continuodl
Olhor flnan¢l•l as••t¥
Finantial assels with fixed or deterrninable p8ymenis and fLxed m8turily dales that the tharilabl8 company has the
posillv¢ intent and ability to hold to malurlty are cLqssrfi8d as heKI lo malurily Inv8stmenls.
Held lo maturity inveslments are rneasured Bl amort156d c05t u¥ing tho effecllve inleresl method less any impaimient.
with r•Yonu6 recognisgd on an offective yidd b8$18.
The effectNe Interest method 15 a ￿*thOd of caleulaling Ihe amorti$ed wsl ol a debl In51rurnenl anLI of allocating the
Iniere51 income ovei the relevgnl perlod The effective in18r851 rale is the rate Ihat exactty discounts e$tirnated future
ash receipts Ihrou9h the expec18d lrfe of the debt kn5trument to the nel carrying amount on initial rec¢gnllS0n.
Imp•lrm•ntof fln¥n¢l•l¥¥set•
Financial as5els. other than Ihose hel¢J al fair Val￿ through incorne an(t expenditure. are as$g$¥ed for Sndicalors of
Impainnenl al each reporting d81e. Finan¢ial as5el$ are Impaired where Ihere Is objective e¥￿enCe Ihai. 8$ a result of
one or more events thai occurred after the Inlllal recognilion ol th? financial 8ss•1. the estirnaled luluie cash fltyv$ have
been affected.
If sn as￿1 Is Impalred, thg irnpairrnonl loss15 Ihe *Jifforence be￿ets￿ lh• carrying amount and Ihe pr•sent value ol th•
eslimaled cash Ilows discounted ai thè as58t's original 6ffectiv• Ini•rest role. The Imp81m)enl loss Is r8cognis&d in net
In¢om6 lexptsndlturel lor tho y•ar.
11 Ihère is a decrease In th• lfflpainn8nl 195$ 8rlsing from an ovenl 0¢￿[rIng after the Impaifrnent was recognised, Ihg
irnP8inngnl 5$ reversed. The reversal is such Ihal the currgnl carrying amwnl does not exceed whal lh8 carryiro
omoJnl would have been. hod Ihe lrnpairnonl nol previousty b88n recoGnised The impairmenl revor$al Is recognlsed
in nèi income lexpendllurèl lor th8 year.
Dwtrcognilion of fJnanci&l a8seil&
Flnaneial asset$ are ijorecognisod only when the coniroclu81 ilghtj to the cash flows from the 98$el •xpSre or are
settl•d. or when the charblab￿ company Iransfers the flnaneial and $ubsl8nlially all the r15kB and rswafds gr
ownership lo another entity, or Il some significanl nsk$ and rewards of own8rship are relained bul control ol assat
ha$ Iranslerred lo anoth¢r party that Is abl• 10 $911 the 8$set In 11$ •niirèty lo an unrg18led third perty.
8•slc Iln•n¢l*l Il•bllltl•s
Basie financial liabililies. including credilors •nd bank 198n$ are inllially rèeognised 8t Ir8n$adion price unle$$ the
alrangemenl con$liltsles a financing Irans8¢1ion. whèrè the debl instrument is megsurèd al the present value ol the
future payrnonts discounted at B market r•t• of inlgre$l. Financlal Ilabilill•$ cl#s$rfted As p8ygbl8 wllhin one year are not
8rn0rt188d.
Olh•r Iln•n¢l•l Il*bllltl•s
Deri¥aliv•5. including Inlerosl rate Swaps and forward lorevan oxchange conlra¢ts, are not basic financtal in$lrum•nti.
Derivauves are initially recognised al fair value on the data a deriv•tnie contract is entered Inlo 8nd 8re subse9uoniiy
re￿￿asu￿d al thelr lair value. Changes in ihe lair value of derivatives ar• rècognised in or in finance Costs or finance
income 88 appropriat&. unl•ss hedge accounllng Is •ppliod and the hed9e 4$ a eash flow hèdge.
1.8 Employ•e benoflt*
The co$1 of any unused holid8y enlillem•ni is recogns$ed in the period inwhich th8 employee$. s•ryices are re¢e4v•d.
T•rminalion benefits are recognisod irnmedialely as an exp8nse when the charilablt cunpany is demonstrably
committed 10 tèrminate the employmeni of an employee or to provide terninalion be￿rit$.
12-

CROYDON COMMITMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 37 DECEMBER 2024
A¢¢ountlng pollcJe¥
Icontlnuedl
1.9 Retlrern•nt benoflts
Payfflenls lo defined contrlbution reliremenl benent schemes are charged B5 an 8xpen$? 89 Ih8y fall due.
1.10 For•lgn ¢xchang•
Transactions in tU￿en￿o$ other than pounds Slerfing are rec4)rLled al Ihe r81è5 of exchang8 prevaihn9 al the dates of
the 118nsociions. Al each reportirvj ènd dale, morelary assels and 118bililies Ih81 are d&nominaied In foreign currgn¢ie$
are relranslaled al Ihe rale5 prevailiThJ on thg reporting end (lal•. Galns an(J ltsssos ansing on Iran$lation In thtr p8riod
are included in profil or loss
roydon Cornmitmenl Llmiled Is 8 regl$i8r8d charity. Ng. 1122878, and 18 gxempt Irom Ineorne and c8pllal gains tax
under the provi$ion$ of Sectk)n 505 01 the Incorne and Corporation T8xe$ Act 1988 an¢J Sèction 145111 of the Capltal
Gains Tax A¢1 1979.
1.12 Fund J¢counllng
Reslricièd lund5 comprise unexpended balances ol dOnal￿an* and grants ￿ld on trust to bo hppli9d for specillc
wrpo8e&.
D•slgnal•d lund5 cornpri$e funds whlch have been sel aside al th8 dis¢retion of Ihe dlrectors lor specrfic PUfPO$e$.
Gener81 funds comprls8 the accumulalgd ng1 movemenl In lund$ on Incomo and expendrturg. They are av#ilabl8 for
se 41 the disc¥&llon of th• dlrectors in furtherance ol the ￿￿ra1 obleclNes ol Ihe charity.
In¢om• from Inv•*thi•nts
Unr•¥trlct•d
Unr•$trl¢t•d
fund•
lund
2024
2023
Inieresl wcaiva
300
58
Volunlary In¢om•
Unr•strl¢t•d
Unr••trlc¢•d
lund•
lund•
2024
2023
Oon81ions and gifts
18,577
1,463
Granl Incom•
,997
50.9S9
Membotship f*•s
5,140
16,000
8rokera9e
264
Olhw Revenuo
3,105
Total
84,083
68.422
13

CROYDON COMMITMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 37 DECEMBER 2024
Trust¢e Expenses
None of the Iru$le•81ty any ￿r$on8 connected wilh Ih8ml r8cei¥ad any benefit or rmr*knduring the year.
Employ•••
The averagè monlhty number of employa•s during the y¢gr was..
2024
2023
Numb
Numb•r
Total
Employffl•nt co•¢$
2024
2023
Wage5 and Jalathes
33,772
30,887
Ot￿r p¢n$lon COSIS
743
597
There was no •rnployee whose onnual romunoraiion w?$ rnore Ih8n £60000
harltabl• •¢tlvltl••
2024
2023
Staff ¢osl•
34,515
31,484
7. Support co•t•
2024
2023
ov•m•n¢• cos
Independonl 8xgmin8r'3 fee
1,20D
1.040
Oth•r Su
co
Marketin9 and othèr exper¢$es
18.074
21.081
Accounl8n¢y fees
1.140
1,140
Total
20.414
23,261
14

CROYDON COMMITMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Fl¥¢d a$••t Inv•$tm¢nt$
Unlistod
Investm•nt
Cost or valuatlon
Al 1 January 2024
100
C•rrylng afflount
Al 310ecernber 2024
10
Al 3108cember 2023
100
D•b¢gr•
2024
2023
Amwnt$ fallin9 due witttln one year..
Trade debtor$
Pr?paymenls and o¢¢rugd Income
19,140
488
19,140
488
10 D•l•rr•d In¢om•
2024
2023
Arfskng from Grant income
24.362
Del•rrod Incom• is includ8d In th• finAndal
$18lem6nl9 8$ tollows..
2024
2023
Delerred inccvne is included wllhin..
Current IiabilitlOS
Movements in the year..
Oeferred incorne 811 January 2024
Rèl•asèd from pr•viou$ period$
Resources deferred In the year
Dèforred Income al 31 De¢embor 2024
20.018
120,0181
18000
116.0001
24.382
20,018
15-

CROYDON COMMITMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
11 R•tirem•nt ben•llt schern•$
Defin8d contribution schernes
2024
2023
Chargo lo profil or loss In rtrsp8cI gf defined conlrlbulion
sch&mos
743
S97
12 ¢r•dl¢or$ •mounts falllng du• wlthln on• y••r
2024
2023
Not•5
Other lax91￿n and social Socurlty
1.516
Oefeired Incorne
10
24,362
20.018
Trade credrtor$
481
Amouni due lo group un¢ert8klngs
100
100
other cr•dilor$
183
118
Accruals
3,380
2.180
30.002
23.527
13 Vnre•trl¢t•d fvndl
Th• unréslri¢led ILtnd$ of the ch8rty comprisa the unexpend•d ba18nces of donations and graftts which are not
subject lo sp8¢ific tonditions by donors and granlers as lo how they may b¢ used. These Include designated lund$
which have been set aside out of unre51ricted funds by the tru$leo$ lor 5pecrfic purposes.
Atl
January
2024
Incomlng
re•ouK••
R•$ouf¢
•xp•nd•d
31it D•c•mb•r
2024
G¢noral funds
54 929
Pr•vlou• y•ar'.
January
2023
Incomlng
r•8our¢•8
R•sourc•i
•xp•ndo
31st D•c•mb•r
2023
Gen8rn1 funds
63.548
68,480
54.745
16.

CROYDON COMMITMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 31 DECEM8ER 2024
14 R•lated party lrnns&tions
ICwYnu•dl
Included in credhors is an amount of £10012023." £1001 owed tocroydon Cornmilmènt Evenis Lld, a subshliary ol the
company.
Included in stspport cosls are amount$ paid lo White L8bel Publishing Lt¥. a ccrnpany COnne￿*d lo K Glass of £67212023..90281 for
Marketing 5UPPOrt seNi¢e$ and IT & Sofh*are and Sub5cripllon.
17-