2023-03-31-accounts - Serendip Children's Home

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Company Information
Trustee's Report
Statement of Financial Activities
Balance Sheet
Notes tothe Accounts

		Serendip Children's Home	Serendip Children's Home
		Company Information
		ForThe Year Ended 31March	2023
Trustees		Mr Peter Carroll
		Mrs Trisha T Williamson
		Mr Niresh Rajah
		Mrs Vanathy Niranjan
		Dr Edwin Selvaratnam
Secretary		Dr Edwin Selvaratnam
Company	Number	6995954
Charity Number		1133461
Registered	ONce	Serendip Children's	Home
		34 Brightling Road
		Brockley
		London
		SE4 1SQ
Accountants		KSTAccountants
		4 Locke Avenue
		Leicester
		LE4 7RZ

e ~ ~ ~		4		~
					0Z
					8		Restricted
Recommended categories			by activity		tg	Unrestricted fut1ds	Income funds	Endowment funds	Total funds	Prior year funds
									E
Income (Note 3)						F01	F02	F03	F04	F05
income and endowments		from:
Donations and legacies					S01	57,660			57,660	34,218
Charitable activities					S02	9,000			9,000	5,843
Other trading activities					S03	295			295
Charities Trust					S04	25,473			25,473	30,109
Money box collection						8,409			8,409	50,267
Giftaid					so6	15289			15,289	1,028
sponsorship					so6	20,029			20,029	2,169
Total					so7	136,155			136,155	123,634
Expenditure (Notes 6)
Expenditure on:
Raising funds					s08	2,219			2,219	1,354
Charitable activities					sog	110,693			110,693	74,797
Separate material expense	item				S10
Other					s11	2715			2,715	1,065
Total					s12	115,627			115,627	77,216
Net income/(expenditure)				before tax for
the reporting period					S13	20,528			20,528	46,418
Tax payable					S14
Net income/(expenditure)			after tax
before investment	gains/(losses)				S15	20,528			20,528	46,418
Net gains/(tosses) on
investments					S16
Net income/(expenditure)					Stj	20528			20,528	46,418
Extraordinary items					S18
Transfers bettNfeen	funds				S19
Other recognised	gains/(losses):
Gains and losses on revaluation		offixed		assets for the
charity's own use					S20
Other gains/(losses)					S21
Net movementin funds					s22	20 528			20,528	46,418
Reconciliation of
funds:
Total funds brought forward					S23
Total funds carried	forward				s24	20,528			20,528	46,418

	Charity	Name		Charily No Company No
~ s
			Restricted
		Unrestricted	Income	Endowment	Total this	Total last
Fixed assets intangible assets Tangible assets (Note 15) (Note 14)	801 802	funds E F01	funds F02	funds K F03	year f F04	year K F05
Heritage assets (Note 18)	802
Investments (Note 17)	804
Total fixed assets	805
Current assets
Stocks (Note 18)	809
Debtors (Note 19)	Bm
Investments (Note 17.4) Cash at bank and in hand (Note 24) Total current assets	809 809 810					97,160 97,160
Creditors: amounts falling due within
one year (Note 20)	811
Net current assetsl(liabiVVes)	812					97,160
Total assets less current liabilities	812					97,160
CreditoW: amounts falling due after
one year (Note 20)	814
Provisions for liabilities	815
Total net assets orliabilities Funds ofthe Charity	819	85,187	32,500		117,687	g7,160
Endowment funds (Note 27)	817
Restricted income funds (Note 27)	818		32,500		32,500
Unrestricted funds	819	85,187			85,187
Revaluation reserve	820
Fair value reserve	821
Total funds	822					97,160

NOte 2				Accounting policies
2.2 INCOME
Rscounltlon		ofIncome		These are included in the Statement of Financial Activities (SoFA) when:
				~ the charily becomes entitled to the resources; ~ lt is more likely than not that the trustees wig receive the resources',	y si	No'	N/a'
				~ the monetary value can be measured with sufficient reliability.
Offsetting				There has been no olfsetting ofassets and Ilabfilties, or income and expenses, unless required or permitted by the FRS 102SORp or FRS 102.	Yes'	No'	N/s
				Grants and donations are only indudsd in the SoFA when the general	Yes'	No'	N/s'
				Income recognitlon criteria srs met (5.10to 6.12 FRS102SORP).
				In the case of performance related gents, income must only be recognised to the extent that the charity has provided the specified goods orservices as	Yes'	No'	N/a'
				entifiemsnt to the grant only occurs when the performance related conditions
				are mst (5.18FRS 102SORP).
				Legacies are included In the SOFA when receipt is probable, that is, when
Legacies				there has been grant of probate, the executors have established that there are sufficient assets in the estate and any conditions attached tothe legacy	Yes'	No'	N/a
				are either within the control ofthe charity or have been met.
					Yes'	No'	N/a'
Government		grants		The charity has received government grants in the rsporiing period
Tax reclaims			on	Gift Aid receivable is included In income when there is a vafid deciarafion from the donor. Any Gilt Aid amount recovered on a donation is considered	Yes'	No'	N/a'
donations	and gifts			to be part of that gift and is treated as an addition to the same fund as the
				initial donafion unless the donor orthe terms ofthe appeal have specified
Contractual		Income snd		This is only included in the SoFAonce the charity has provided the related	Yes'	No'	N/a
performance			related	goods or services or met the performance related conditions.
grants
					Yes	No	N/a'
Donated	goods			Donated goods are measured at fair value (the amount for which the asset could be exchanged) unless impractical to do so.
				The cost of any stock ofgoods donated for distribution to beneficiaries is deemed to be the fair value ofthose gifts atthe time oftheir receipt and they	Yes'	No'	N/a'
				are recognised on receipt In the reporting period in which the stocks are
				distributed, they are recognised as an expense at the carrying amount ofthe
				which is the expected proceeds from sale less the expected costs ofsale,
				and recognised in 'Income from other trading activities' with the corresponding stock recognised in the balance sheet. On its sale the value	Yes	No	N/a
				ofstock is charged against 'Income from other trading activiTies' and ths
				proceeds from sale are also recognised as 'Income from other trading
				activifiss'.
				Goods donated for ongoing use by the charity are recognised as tangible	Yes'	No	N/a'
				fixed assets snd included in the SoFA as Incoming resources when
				receivable.
				Gifts in kind foruse by the charity are included In the SoFAas income from	Yes'	No'	N/a'
				donations when receivable.
Donated facllitlss	services and			Donated services and facilities are included in the SOFA when received at the value ofthe gift to the charity provided the value ofthe giftcan be measured reliably.	Yes'	No'	N/s'
				Donated services and facllitlss that are consumed immediately are	Yes'	No'	N/s'
				recognised as income with an equivalent amount recognised as an expense
				under the appropriate heading in ths SOFA.
					Yes'	No'	N/a"
Support costs				The charity has incurred expenditure on support costs.
Volunteer	help			The value ofany voluntary help received ls not included in the accounts but is described in the trustees' annual report.	Yes'	No'	N/a'
Income from		Interest,		This is Included In the accounts when receipt is probable and the amount	Yes'	No"	N/a'
roysiges and		dividends		receivable can be measured reliably.
Income from		membership		Meinbershlp subscripfions received In the nature ofs gift are recognised In	Yes'	No	N/a'

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Se¢tion C Notes to the accounls ¢ont Mot• 6 Expondlturo ThIF y•ar L•#t&r Analy¥l8 ondStur• on raisln fund*: Incurred seaking defiots"on$ Incuntd ¥eeking tegaei In¢urred seèking grants Operating memtership and sla1 lotleries Staging fundraising ents Fw3raising agents Qperatirg charity shops OpErabng a tr8din9 cornpany undertakin9 Advertisiro. rnark•ting, direct mail and Total lurnl• lub fvnd Totsiiund¥ 2.219 2.219 Start UP Costs incuTTed in generating r source of future incLYne Dalabase developrnoni costs Other trading activiti8$ Investment management Msts.. Porttolio rnan&3ement costs C051 of ¢)btaining inv•strnent alvica Inveslment adTriStration Costs Intelleciual property I1ng co$ts Rent ¢olk¢tion. property r8paws and maint•nanc• cha Totsl expondliur• on ral•ing funds EXpendIre on eharltable acll¥ltl••: 2.219 110,893 110.693 74.797 74 797 T¢tsi •xp•ndilur• on ¢harltabl• a¢llvili 110.693 t• materfal il•m of •x Totsi Oth•r 2.715 2.715 1.065 Totsl Othgr expendlbJr• TOTAL EXPENDITURE 115.627 11S.627 1,065 77,218 77.216 CC178 (Exrtfj 0710Va023

Analysis of	Analysis of	expenditure	expenditure	on	charitable activities	charitable activities	charitable activities	charitable activities
										This	ear				Last	ear
	Activity		or programme				Activities undertaken dlrectl		Grant fundIng of activities		Support Costs	Total this year	Activities undertaken dlrectl	Grant funding of activities		Support Costs	Total last year
Activi	1
Activi	2
Other
Total
This year. Where sums originally						denominated	in foreign currency have
been	Included	In expenditure,			explain the basis		on which those			sums
have	been trans/ated		Into	sterling		(orthe currency		In which	the
accounts are		drawn	up).