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← Serendip Children's Home

2024-03-31-accounts

CHARITY REGISTERED NUMBER: 1133461 COMPANY REGISTERED NUMBER: 6995954

SERENDIP CHILDREN'S HOME

TRUSTEE’S REPORT AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

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Serendip Children's Home

Trustee’s Report and Financial Statements

For The Year Ended 31 March 2024

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Contents
Page
Company Information 1
Independent Examiner’s Report 2
Trustee’s Report 3-4
Statement of Financial Activities 5
Balance Sheet 6
NotestotheAccounts 7-11

Serendip Children's Home

Company Information

For The Year Ended 31 March 2024

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Trustees Mr Peter Carroll
Mrs Trisha T Williamson
Mr Niresh Rajah
Mrs Vanathy Niranjan
Dr Edwin Selvaratnam
Secretary Yvonne Schofield
CompanyNumber 6995954
CharityNumber 1133461
Registered Office Serendip Children's Home
34 Brightling Road
Brockley
London
SE4 1SQ
Accountants KSTAccountants
244 Melton Road
Leicester
LE47PG

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Section A Independent Examiner’s Report
Report to the trustees/members of | {hanty vain Ly
Sereud 1p Childve us nae
On accounts for the year ended lah [ola lo] uy Charity no (if any) ly las [4le hi
Set out on pages (remember fo include the page numbers of additional sheets)
Respective; responsibilitiesa of trustees The charity'sa trustees are responsibleF for the preparation of the ;accounts itearity’s y
and examiner _ trustees consider that an audit 1s not required for this year under section aed
Charities Act 2011 (the Charities 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 procedures laid down in the general Directions given by the Charity
. Commission (under section 145(5)(b) of the Charities Act), and
 to state whether particular matters have come to my attention
Basis of independent examiner’s — My examination was carried out in accordance with general Directions given by the
Statement = 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 examiner's statement —_ li connection with my examination, no matter has come to my attention (other than
that disclosed below )
(1) wiich gives me reasonable cause to believe that in, any material respect, the
requirements
to keep accounting records in accordance with section 130 of the
Charities Act;
 to prepare accounts which accord with the accounting records and comply
with the accounting requirements of the Charities Act have not been met: or
(2) to which, in my opinion, attention should be drawn in order to enable a proper
understanding of the accounts to be reached.
Please delete the words in the brackets if they do not apply.
Signed Y Date} 2 6(07 bwYG
Relevant professional qualification(s)
of body (if any) Kerth
Address Kimae Buirnese Ane Tas Crane Hanlt
AMASS BTC 2X Pectadule Aveuu
CHARTERED MANAGEMENT ACCOUNTANTS
5 HORSE SHOE ROAD COVENTRY, CV6 6JY yicu
T: 02476683849 F: 02476705743 -
E: info@amassbtc co.uk Cve IAG.
IER 1 March 2012
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Trustees’ Report for the Year Ended 31 March 2024 Statement of Trustees’ Responsibilities The trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable laws and regulations. Under company law, the trustees are required to prepare financial statements for each financial year. The trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). The financial statements must provide a true and fair view of the state of affairs of the charity and of its incoming resources and application of resources for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for maintaining adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy the financial position of the charity at any time. This ensures that the financial statements comply with 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.

Statement of Disclosure of Information to Auditors

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At the time this report is approved, the trustees confirm that:

Principal Activity

The trustees present their report and the financial statements for the year ending 31 March 2024. The financial statements have been prepared in accordance with the accounting policies set out on page 5 and comply with the trust deed, the Companies Act 2006, and applicable law.

Aims & Objectives

Serendip’s mission is to support vulnerable children, including those with developmental delays, while empowering widows and marginalized communities, and caring for elders. Our goal is to create lasting, positive change in their lives.

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Looking ahead, Serendip plans to expand its Better Homes Project by replacing additional roofs for families living in poor conditions, while continuing to enhance the Autism & Developmental Delay initiatives to provide essential support to children and families. We also aim to strengthen our Elder Care and Educational Programs, ensuring that vulnerable communities receive the care and resources they need. Additionally, we will further develop the Water for Life project, focusing on providing access to clean water in underserved areas, improving health and well-being. Serendip is committed to continuing all of its existing programs in the coming year, while striving to reach more communities and improve the lives of those we serve.

Trustees

The trustees who served during the year are as follows:

Small Company Rules

This report is prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006.

On behalf of the board,

Mrs. Trisha T Williamson

Chairperson

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||||||||||| |---|---|---|---|---|---|---|---|---|---| |3|Serendip|Childrens|Home| |a|ua|4|.|Annual accounts|for the|period(if any)Period|end|1133461|CC17a| |eee|Petioelntar ee|01/04/2023| |Section|A|Statement|of|financial|activities| |Restricted| |Recommended|Details|of own|@|Unrestricted|income|Endowment|Total this|Total|last| |categories|by|activity|analysis|2|funds|funds|funds|year|year| |£|£|£|£|£| |Incoming|resources|(Note|3|FO1|F02|F03|F04|FOS| |Donations and legacies|40,647|12,281 [||52,928|57,660| |Charities|Trust|so||45840]|-|||~—-|_—||45,840]|25,473| |Money box collection|S04|6853[|-|||-|||6,853|8,409| |Gitaid|1840;|||+.|_11,840||15,289"| |sponsorship|soo[-|||=~|80,033]|S|90,033]|20,029|| |Total incoming resources|06|107,123|42,314|tees|||149,437|136,155| |Resources|expended|(Notes|4-8| |Costs of Generating|Funds|1945[|-|||-|||1,945|2,219| |Charitable activities|$07|83,537|42,314]|= -|||125,851]|110,693| |Other|$12|1245;|-|||-|||1,245|2,/15| |Total resources expended|s13|86,727|42,314 fe|Te|129,041|115,627| |Net incoming/(outgoing)|resources|before| |transfers|$14|20,396|20,396|20,528| |Gross transfers between funds|I|es|es|ee|ee|ee| |Net|incoming/(outgoing)other recognised resources gains/(losses) before|S16|el20,396|20,396|20,528| |Other recognised|gains/(losses)| |forGains the andcharity's lossesown on revaluationuse|of fixed assets|S17i| |Net movement in funds|sio||20,398||-|||—-|||20,306]|20,528| |Total funds brought forward|so{|-|||[|---|]| |Total funds carried forward|s2i||20,396]|-|||~~|-|||20,396]|20,528|

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|||||||||| |---|---|---|---|---|---|---|---|---| |Section|B|Balance|sheet| |Nestricted| |.| |o®|Unrestricted|income|Endowment|Total this|Totale last| |z|funds|funds|funds|year|y| |£|01/04/2023|£|£|31/03/2024| |Fixed|assets|FO!|Fo2|FO3|F04|FOS| |Tangible assets|(Note 9)|of|-||-||-|—|=]| |2 eees oe|a| |Current|assets|Total fixed assets|soa|[7|TST|SE| |Stock and work|in|progress|i|a|es|Se|eee| |(Short term) investments|i|es|es|ne|ee| |Cash at bank and|in hand|oe|[3780S|[106,280||=|138,083|||117,687| |Total current assets|09|["3T.BUS [106,280 [||TS|UBS|717.687||| |Creditors:one|year|amounts(Note falling12)|due within|B10|at|i| |Net current assets(liabilities)|11|[ST80S]|TSZB0|TTBUBS]|T1787||| |Total assets less current|liabilities|82|[3ST|BUS]|TeZ0|iY —SCSTSB UBS|T1787]| |Creditors:|amounts|falling|due|after| |one|year|(Note|12)|B13| |Provisions for liabilities and charges|514|[||-|||- ||- || |Netassets|ei|[STROSS| |Funds|of the|Charity|ZOO|eas|BT| |Unrestricted|funds|B16|31,803|31,803|[|=| |7 |||PS| |Restricted|income funds|(Note|13)|B18|106,280|106,280| -i| |Endowment funds|(Note|13)|B19|RS| |Fotalfunds|620|||S105|Te|z0 yes,”| |Signed by one|or two trustees on|behalf of all|Signature|Print Name|Date of| |the trustees|PD|approval|

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Section C

Notes to the accounts

Note 1 _ Basis of preparation

This section should be completed by all charities.

1.1 Basis of accounting

These accounts have been prepared on the basis of historic cost (except that investments are shown at market value) in accordance with:

Interest received

** except for the following].

Give details in this box if a different standard has been followed.

e if all relevant disclosures shown in the pack have been given then please tick “Accounting Standards”;

® if disclosures completed in these accounts have been restricted to those required by the FRSSE, then please tick “Financial Reporting Standards for Smaller Enterprises (FRSSE)”. *™ - If no departures from the chosen standards have been made then delete these words; otherwise give details of any changes in the boxes.

1.2 Change in basis of accounting

There has been no change to the accounting policies (valuation rules and methods of accounting) since last year (§ except for the following).

Give details in this box of any material changes that have been made.

§ if no changes have been made to accounting policies then delete these words.

1.3 Changes to previous accounts

No changes have been made to accounts for previous years (§§ except for the following).

Give details in this box of any material changes that have been made.

§§ if no changes have been made to accounts for previous periods then delete these words.

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Section C Notes to the accounts
cont)
Note 2 Accounting policies
This standardlistofaccountingpolicieshasbeenappliedbythe charityexceptforthosedeleted. Whereadifferent
oradditionalpolicyhasbeenadopted adoptedthen this is detailedin theboxbelow.
INCOMING RESOURCES
Recognition ofincoming These are included in the Statement of Financial Activities (SoFA) when:
resources e
the charity becomes entitled to the resources;
e
the trustees are virtually certain they will receive the resources; and
e
the monetary value can be measured with sufficient reliability.
Incomingresources with Whereincomingresourceshaverelatedexpenditure(aswithfundraisingorcontractincome)
related expenditure the incoming resources and related expenditure are reported gross in theSoFA.
Interest received Grants and donations are only included in theSoFAwhen the charity has unconditional
entitlement to the resources,
Tax reclaimson donations —_Incoming resourcesfrom taxreclaims are included in theSoFA at thesametimeas the giftto
and gifts
which they relate.
Contractual income and This is only included in the SoFAonce the related goods orservices have been delivered.
performance related grants
Gifts in kind Gifts in kind are accounted forat a reasonableestimate oftheirvalue to thecharityorthe
amount actually realised.
Gifts in kind for sale or distribution are included in the accounts as gifts onlywhen sold or
distributed by the charity.
Gifts in kind for use by the charity are included in the SoFAas incoming resourceswhen
receivable.
Donated services and These are only included in incoming resources (with an equivalent amount in resources
facilities expended) where the benefit to the charity is reasonably quantifiable, measurable and
material.
The value placed on these resources is the estimated value to the charity of the
service or facility received.
Volunteerhelp Thevalueofanyvoluntary help received isnotincluded in theaccounts but isdescribed in the
trustees’ annual report.
Investment income This is included in the accounts when receivable.
Investment gains and losses This includes any gain or loss on the sale ofinvestments and any gain or loss resulting from
revaluing investments to market value at the end of the year.
EXPENDITUREAND LIABILITIES
Liability recognition Liabilities are recognised as soon as there is a legal orconstructive obligation committing the
charity to pay out resources.
Governance costs Include costs ofthe preparation and examination ofstatutory accounts, the costs of trustee
meetings and cost ofany legal advice to trustees on governance or constitutional matters.
Grants with performance Where the charity gives a grant with conditions for its paymentbeing a specific level ofservice
conditions oroutput to be provided, such grants are only recognised in theSoFAonce the recipient ofthe
grant has provided the specified service or output.
Grants payablewithout These are only recognised in the accountswhen a commitment has been made and there are
performance conditions no conditions to bemet relating to the grantwhich remain in the control ofthe charity.
SupportCosts Supportcosts include central functionsand have been allocated to activity costcategories on
a basis consistent with the useofresources, eg allocating property costs by floor areas, orper
capita, staff costs by the time spentand other costs by theirusage.
ASSETS
Tangible fixed assets foruse These are capitalised iftheycan be used formore than one year, and cost atleast£500.
by charity They are valued atcostora reasonable value on receipt.
Investments Investments quoted on a recognised stockexchange are valued atmarketvalue atthe year
end. Other investment assets are included at trustees’ bestestimate ofmarketvalue.
Stocks andwork in progress These are valued at the lowerof cost ormarket value.
POLICIESADOPTED
ADDITIONALTOOR
DIFFERENT FROM THOSE
ABOVE

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Section C

Notes to the accounts

(cont)

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Note 3 Analysis of incoming resources

Incoming resources may be further analysed if this would help the reader of the accounts.

Incoming resources may beresources may bemay bebe further analysedanalysed if thisthis would helphelp the reader of thereader of theof thethe accounts.
This year
Lastyear
Analysis
£
£
Voluntary income Donations and gifts
52,928
66,660
Charities Trust
45,840
25,473
Money Box Collection
6,853
8,409
[Sponsorship
30,033]20,029
Total
135,654
120,571
Activitiesforgeneratingfunds** **ey
8 2
en
ed
SE
basFee
ee
Ses[Pees
Total[m
en 25>"[Seeman
sr
Investmentincome Interest received
1,943]295]
aS
ees
Incoming resources from GiftAid
11,840
15,289
charitable activities a
i
es
eS
ey
rr
es
es
a
eS
Total
11,840
15,289

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Notes to the accounts

(cont)

Section C

Note 4 Analysis of resources expended Resources expended may be further analysed if this would help the reader of the accounts.

This year Last year Analysis £ £ SC—C—C—CSCSCSCSCSCSCSSCSCSCC; 2,219 Costs ofgenerating [— voluntary income a(Ey aee) SNES eee(eer) SF Totall_____1,945) 2219 Fundraisingtrading {|C“‘(C;CS™™™C™C;~sSSOC‘(NNNNS costs eeNCYSCN‘§$NNNNWCN= aRO) esee) ee) pgaapres cppeageceseeegeen sl empemamsesnma Lt TotalseeSoe. te ea managementcostsInvestment aed [[SSSSSOSCSCSCSCSOSOCOTCSYT] SCS YY CY aTotal Eeees Charitable activities |C—“‘“‘(‘(C;;CC(‘z 125,851 110,693 aes eeeeee eee aes ns a Total 125,851 110,693 Governance costs CO 1,245 2,715 a ————eeeET ee) Total ees1,245 eee25745

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(cont)

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Section C

Notes to the accounts

Note 13 Endowment and restricted income funds Please complete this section if the charity has any endowment or restricted income funds.

13.1 Funds held

Please give a brief description of any of the following type of funds held by the charity: e permanent endowment funds (PE); ¢ expendable endowment funds (EE); and e restricted income funds, including special trusts, of the charity (R). Fund Name Rerr EE Purpose and Restrictions Interest received These projects must continue regardless of any shortfall in funding. Our policy is to maintain at least one year’s running costs for these centre-based projects.

13.2 Movements of major funds

Please give details of the movements of the major funds summarised in the restricted and endowment columns of the Statement of Financial Activities.

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||||||||| |---|---|---|---|---|---|---|---| |una|una| |balances|balances| |brought|Incoming|||Outgoing|Gains and|carried| |forward|resources|||resources|||Transfers|losses|forward| |£|£|£|£|£|£| |Total|Funds|iai|anni | Sone|||es||||S|Sica|

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13.3 Transfers between funds

Please give details of any transfers between funds.

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From Fund (Name) ToFund(Name)[—~—~—=«Reason——~‘|_
Amount
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