2021-04-30-accounts

Trustees’ Annual Report for the period

Period start date: 1[st] May 2020 Period start date: 30[th] April 2021

Charity name: Croydon Supplementary Education Project (CSEP)

Charity registration number: 1151850

Company number: 08243226

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	Our aim is to help and advance the education of people growing up in a multi-racial society so as to develop their physical, mental and spiritual capacities that they may reach full maturity as individuals and as members of society and that their condition in life may be **improved. **
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identifiedinthe accounts.	Para 1.17 and 1.19	Our main activities consist of Saturday School which operates for 32 weeks of the year and adult education classes. Additional projects are run for the benefit of the community subject to successful **funding applications. **
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	The Trustees have been mindful of the Charity Commission’s general guidance on public benefit in pursuing the aims and objectives of the charity and in planning future activities.

Additional information (optional)

You may choose to include further statements where relevant about:

	SORP reference
Policy on grant making	Para 1.38	CSEP is not a grant making organisation.
Policy on social investment including program related investment	Para 1.38	CSEP does not currently engage in social investments.

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Contribution made by volunteers	Para 1.38	Volunteers continue to make a significant contribution to the operation of the charity – providing admin support, assistance with maintenance, including IT, as well as professional advice and **expertise. **
Other

Achievements and Performance

	SORP reference
Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20	The mainstay of our work continues to be Saturday school with additional provision through weekday enrichment programmes – with approximately 80 children receiving support in English, maths, science and modern languages. CSEP continues to move towards our ambition to become a major centre for Black and Minority Ethnic supplementary education and a resource education hub. To this end planning began for a resource library with the support of a small grant from councillor’s representing the Croydon Fieldway ward. Unfortunately, due to the COVD-19 pandemic CSEP has not been able to progress with the completion of the resource library and collaborative work with the Black Culture Archives. However, student previously signed on to the BCCA were transferred to the Black History courses held at CSEP.

Additional information (optional) You may choose to include further statements where relevant about:

Achievements against objectives set	Para 1.41
Performance of fundraising activities against objectives set	Para 1.41

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Investment performance against objectives	Para 1.41
Other

Financial Review
Review of the charity’s financial position at the end of the period	Para 1.21	Our financial position remains difficult. The COVID-19 pandemic has further exasperated this position. The following have contributed to the deficit seen on year ending 2021 accounts: Income overall saw an increase of £10.1k Due to increase in - Restricted Grants > £51.3k - Unrestricted Grants > £18.7k - Unrestricted Donations > £9.1k but reduction in - Black History Classes <£5.9k - Room Hire <£30k - Saturday School < £23.5k - Night School < £3.9k - Fundraising Events <£4.5 - Other Courses <£1.1 Expenditure overall saw a decrease of £6.6k largely attributed to - Courses <£3k - Printing <£2.3k - Library <£1.5k
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	The charity aims to maintain reserves equivalent to 3 months operating costs. This figure has fluctuated during the year.
Amount of reservesheld	Para 1.22	0
Reasons for holding zero reserves	Para 1.22	Due to a decline in attendance this directly reduce project income. This led to an increase in expenditure that resulted in the charity drawing on funds held and borrowing £21k from a Government Bounce-back loan.
Details of fund materially in deficit	Para 1.24
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23	Due to the Covid-19 restrictions imposed during this period there was an increased burden on the charity due to our principal activity being face to face delivery.

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In addition, the profile of our service users who are in the majority from Black, Asian and Minority Ethnic communities may mean that the financial impact from the lockdown will be seen in terms of take-up of our services as we move into the 21-22 academic year.

Additional information (optional)

Additional information (optional)	Additional information (optional)
Youmay choose toincludefurtherstatements		whererelevant about:
The charity’s principal sources of funds (including any fundraising)	Para 1.47	The majority of the charity’s income was primarily derived from the Bounce-back Loan, Grants and Saturday School fees. Other income sources include online book sales and royalties and donations.
Investment policy and objectives including any social investment policy adopted	Para 1.46
A description of the principal risks facing the charity	Para 1.46	Financial deficit due to the impact of the COVID-19 Pandemic resulting in lockdowns.0
Other

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document trust deed, memorandum and articles of association etc	Para 1.25	Memorandum and articles of association
How is the charity constituted? for example limited company, unincorporated association, CIO)	Para 1.25	Company limited by guarantee
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Para 1.25	Potential trustees may self-nominate or may be co-opted onto the Board where specific skills gaps exist. Co-opted trustees must be nominated, that nomination seconded and subject to a vote. For self-nominated trustees - following a period of engagement with the charity, their appoint is subject to a vote which must be passed by the majority of the Board. Inthe event of more applications

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than positions on the Board - a ballot will
be held.
Additional information (optional)
You may choose to include further statements where relevant about:
2 trustees attended and completed
fundraising training course with
Policies and procedures Money4You through the Avocado+
adopted for the induction and Para 1.51 training.
training of trustees
The charity’s organisational
structure and any wider Para 1.51
network with which the
charity works
Relationship with any related Para 1.51
parties
Other
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Reference and Administrative details

Charity name	Croydon Supplementary Education Project (CSEP)
Other name the charity uses
Registered charity number	1151850
Charity’s principal address	32-34 Sydenham Road Croydon Surrey CR0 2EF

Names of the charity trustees who manage the charity

	Trustee name	Office (if any)	Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee(if any)
	Mr O Bello
	Ms I James
	Ms A Lammy
	Ms S Meikle
	Mr E Parris
	Mrs JA Owusu- Barnaby	Chair
	**Mr R Bridge **
	Mrs P Walkes		November 2020

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Corporate trustees – names of the directors at the date the report was approved

Director name

Director name
Mr O Bello
Ms I James
Ms A Lammy
Ms S Meikle
Mr E Parris
Mrs S Sutton	Joined 27th May 2021
Mrs JA Owusu-Barnaby	Resigned 31 March 2021
**Mr R Bridge **	Resigned 19th May 2021
Mrs P Walkes	Resigned 27th May 2021

Name of trustees holding title to property belonging to the charity

Trustee name	**Dates acted if not for whole year **
**N/A **

Funds held as custodian trustees on behalf of others

Description of the assets N/A held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects

Details of arrangements for safe custody and segregation of such assets from the charity’s own assets

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Additional information (optional)

Names and addresses of advisers (Optional information) Type of Name Address adviser Name of chief executive or names of senior staff members (Optional information) ~~a~~ Exemptions from disclosure Reason for non-disclosure of key personnel details

~~a~~ Other optional information ~~So~~ Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Allison Lammy Position (eg Secretary, Director Chair, etc) Date 26th February 2022

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CROYDON SUPPLEMENTARY EDUCATION PROJECT

Registered charity number 1151850

Company number 08243226

FINANCIAL STATEMENTS For the year ending 30th April 2021

Croydon Supplementary Education Project (C.S.E.P) 32-34 Sydenham Road Croydon CR0 2EF

CROYDON SUPPLEMENTARY EDUCATION PROJECT STATEMENTof FINANCIAL ACTIVITIES For the year ended 30th April 2021

Notes Income and Endowments Voluntary Income: Activities for generating funds: Incoming resources from charitable activities: 2 Expenditure: Costs of generating funds: 3 3 Charitable activities 3 3 6 Reconciliation of funds: Educational Courses Incoming resources from generated funds: Donations Fundraising Room hire Book Sales & royalties Other Income Grant Income Total funds carried forward Total Incoming resources Costs of generating voluntary income Fundraising costs Direct costs Support costs Governance costs Total resources expended Net incoming/(outgoing) resources before transfers Gross Transfers between funds Net movement in funds Total funds brought forward

Unrestricted funds Restricted income funds Total funds Prior year funds £ £ £ £ 11,956 - 11,956 2,868 60 - 60 4,849 12,016 - 12,016 7,717 29 - 29 26,827 5,715 - 5,715 60 523 - 523 - 6,267 - 6,267 26,887 18,745 51,346 70,091 4,500 3,573 - 3,573 42,770 22,318 51,346 73,664 47,270 40,601 51,346 91,947 81,874 - - - 750 - - - 350 39,454 50,739 90,192 64,636 9,930 - 9,930 30,562 663 - 663 888 50,047 50,739 100,785 97,186 9,446 - 607 8,839 - 15,313 - - - - - 9,446 - 607 8,839 - 15,313 - - - - 9,041 - 375 8,666 - 6,647 18,486 - 982 17,504 - 8,666 -

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CROYDON SUPPLEMENTARY EDUCATION PROJECT BALANCE SHEET at 30 April 2021

	Notes
		2021				2020
		£	£		£		£
Fixed Asset
Tangible Assets	7			7184				8585
Current Assets
Cash at Bank and in Hand		14866				-4589
Debtors		6451				5964
		21317				1375
Liabilities: amounts falling
due within one year
Creditors and accruals	8	24825				18125
Net Current Assets				-3509				-16750
Creditors falling due after one year	8			21179				500
Net Assets				-17504				-8666
Funds
Unrestricted				-17879				-9041
Restricted	9			375				375
	10			-17504				-8666

For the year ending 30 April 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime

Approved by the Board of Trustees and signed on its behalf by

Signature_____

Date 26th February 2022

Allison Lammy

The notes on pages 4 to 7 form part of these financial statements.

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CROYDON SUPPLEMENTARY EDUCATION PROJECT NOTES to the FINANCIAL STATEMENTS For the year ended 30th April 2021

Note 1� ACCOUNTING POLICIES

a) Accounting Conventions

The Financial Statements have been prepared in accordance with applicable accounting standards under the historical cost convention and in accordance with the methods and principles of the Statement of Recommended Practise: Accounting and Reporting by Charities

b) Fund Accounting

Restricted Funds are those received which have been earmarked for a special purpose by the donor.

Unrestricted funds are available for the use at the discretion of the trustees in furtherance of the general objectives of the Charity.

c) Incoming Resources

All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:

Voluntary income is received by way of donations and fundraising activities. This income is treated as unrestricted funds for use by the Charity.

Activities for generating funds consists of room hire, book sales and royalties and is accounted for on a receivable basis.

Surplus funds are invested in a bank deposit account to earn interest. Interest received is included when receivable. Interest is credited to the unrestricted fund to offset overheads.

Incoming resources from the charitable activities consists of grants, which are related to performance and are accounted for as the Charity earns the right to consideration by its performance. Grants, where entitlement is not conditional on the delivery of a specific performance by the Charity, are recognised when the Charity becomes unconditionally entitled to the grant.

Other sources of incoming resources from the charitable activities consist of contributions towards the cost of Educational Classes and accounted for on a receivable basis.

d) Resources Expended

Expenditure is recognised on an accrual basis as a liability is incurred.

Cost of generating funds comprises the costs associated with attracting future income.

Charitable expenditure comprises those costs incurred by the Charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

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Governance costs include those costs associated with meeting the constitutional and statutory requirements of the Charity and include the Independent Examination fees and costs linked to the strategic management of the Charity.

Costs are allocated to charitable activities and the Charity on the basis of usage. Costs relating to a particular activity are allocated directly, other overheads are apportioned on an appropriate basis.

e) Depreciation

All fixed assets purchased over £500 are capitalised and Depreciation is provided on all capitalised assets on a Straight-line basis as below:

Equipment Straight line over 3 years Computer Equipment Straight line over 3 years Fixtures and Fittings Straight line over 3 years Assets from Grant Funds Straight line over 4 years Leasehold Property Straight line over 25 years

f) Recognition of Liabilities

Liabilities are recognised on an accrual basis.

g) Taxation

As the Company is a registered Charity (Registration No: 1151850) carrying out charitable purposes, it is exempt from corporation tax.

h) Transfer between funds

Trustees have the authority to transfer amounts out of the unrestricted funds into restricted funds when required.

i) Pensions

Defined Contribution Pension Plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions to a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in the accounts when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

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CROYDON SUPPLEMENTARY EDUCATION PROJECT NOTES to the FINANCIAL STATEMENTS

For the year ended 30th April 2021

2. Incoming resources from Charitable

2 Incoming resources from Charitable
.	Unrestricted	Restricted
Activities:	funds	income funds	Total funds Prior year
	2021	2021	2021 2020
	£	£	£ £
Saturday School	2,523	-	2,523 26,002
Day School	-	-	- 3,600
Night School	80	-	80 3,986
Holiday Provision	-	-	- 460
Black History Courses	60	-	60 5,991
Other Courses	210		210 1,582
Events Delivered - External	700	-	700 1,150
Total	3,573	-	3,573 42,770
Grants Received	18,745	51,346	70,091 4,500
	2021	2021	2021 2020
	£	£	£ £
3. Costs of generating voluntary income	-	-	- 1,100

3. Costs of generating voluntary income

Charitable Activities

	28,636 50,36479,000 58,253
	16,716 - 16,716 18,887 3,006 - 3,006 17,008 - - - -
Premises Administration Management
Total 19,722 -19,722 35,895 4. Staff Costs Wages & Salaries 17,320 - 17,320 39,601 Employer's NI Costs 1,493 - 1,493 1,747 Pension Costs 690 - 690 1,361 Total 19,503-19,503 42,709

5. Trustee Renumeration & Related Party Transactions

No members of the management committee received any renumeration during the year. (2021 £0) No trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity during the year. (2021 - Nil)

6. Net Incoming/(outgoing) Resources

This is stated after charging:

Depreciation Accounts and Filling Fees

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2021 2020
£ £
375 375
663 888
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CROYDON SUPPLEMENTARY EDUCATION PROJECT NOTES to the FINANCIAL STATEMENTS For the year ended 30th April 2021

7. Fixed Assets Grant Fund Computers Fix & Fitt Equip Cost 1,500 77,379 867 7,084 Additions As at 30 April 2021 1,500 77,379 867 7,084 Accumulated Deprec 1,125 77,379 867 7,084 Charge 375 As at 30 April 2021 1,500 77,379 867 7,084 Net Book Values As at 30 April 2020 375 - - - As at 30 April 2021 0 - - - Depreciation straight line over 4 years 3 years 3 years 3 years 8. Analysis of creditors This year Last year This year Last year £ £ £ £ Trade Creditors 2,926 3,744 Payroll Control 12,113 10,585 Pension Control 135 298 Accruals 928 395 PAYE an Social Security 8,723 3,103 Deposits Refundable - - Recharge - - Other creditors - Loan - - 21,179 500 Total 24,825 18,125 21,179 500 9. Restricted Funds Balance 01/05/2020 Resources Incoming Resources Outgoing Transfer from Other Funds Computer Depreciation Charge 375 Grant 375 - 375 - 10. Analysis of Net Assets Between Funds Fixed Assets Current Assets Creditors Total Restricted Funds 0 - - 0 Unrestricted Funds 7,184 - 3,509 - 21,179 - 17,504 Amounts falling due within one year Amounts falling due after more than one year	Grant Fund Computers Fix & Fitt Equip 1,500 77,379 867 7,084	Leasehold Property Total 25652 112,482 -
	1,500 77,379 867 7,084	25,652 112,482
	1,125 77,379 867 7,084 375	18469 104,923 375
	1,500 77,379 867 7,084	18,469 105,298
	375 - - -	- 7,184 7,559
	0 - - -	7,184 7,184
	4 years 3 years 3 years 3 years This year Last year This year Last year £ £ £ £ 2,926 3,744 12,113 10,585 135 298 928 395 8,723 3,103 - - - - - - 21,179 500 Amounts falling due within one year Amounts falling due after more than one year	25 years Balance 30/04/2021 0
	Balance 01/05/2020 Resources Incoming Resources Outgoing Transfer from Other Funds 375
	375 - 375 -
	Fixed Assets Current Assets Creditors Total 0 - - 0 7,184 - 3,509 - 21,179 - 17,504
Restricted Funds Unrestricted Funds
Total 7,184 -3,509- 21,179 - 17,504

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32-34 Sydenham Road Croydon CR0 2EF Office: [phone] Email: [e-mail] Website: www.teban.co.uk ~~——~~

Taxation, Accounting & Payroll Services

Croydon Supplementary Education Project (CSEP) 32 - 34 Sydenham Road Croydon CR0 2EF

26[th] February 2022

Our Reference: TBL904

Dear Trustees

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF Croydon Supplementary Education Project (CSEP), CHARITY NUMBER 1151850, ACCOUNTS FOR YEAR END 2021

I report to the trustees on my examination of the accounts of the Croydon Supplementary Education Project (CSEP) (the trust) for the year ended 30[th] April 2021.

Responsibilities and basis of report

As the charity's trustees of the Company (who are also the Directors of the company for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”).

Having satisfied myself that the financial statements of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of the Charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

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Tracey Bankinson is licensed and regulated by TE BAN & CO LTD is registered in AAT under licence number 7428 England & Wales under company number 9572024 Registered Office 32-34 Sydenham Road, Croydon, CR0 2EF

32-34 Sydenham Road Croydon CR0 2EF Office: [phone] Email: [e-mail] Website: www.teban.co.uk ~~——~~

Taxation, Accounting & Payroll Services

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

• the accounting records were not kept in accordance with section 386 of the 2006 Act; or

• the accounts do not accord with such records; or

• the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.

• the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns 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.

Signed: T Bankinson Name: Tracey Bankinson BA (Hons), MAAT (Fellow), AATQB

Address: TE BAN & Co Ltd, 32-34 Sydenham Road, Croydon, CR0 2EF Date: 26[th] February 2022

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Tracey Bankinson is licensed and regulated by TE BAN & CO LTD is registered in AAT under licence number 7428 England & Wales under company number 9572024 Registered Office 32-34 Sydenham Road, Croydon, CR0 2EF