## **Trustees’ Annual Report for the period** **Period start date: 1[st] May 2021 Period start date: 30[th] April 2022** **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.**| |||| Page | 1 |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 50**
**children receiving support in English,**
**maths & science and 40 children through**
**sports and the creative arts.**
**CSEP continues to move towards our**
**ambition to become a major centre for**
**Black and Minority Ethnic supplementary**
**education and a resource education hub**
**for both children and adults from the**
**local and wider communities.**
**CSEP has started to engage and explore**
**enhancing its heritage and cultural**
**provision.**| **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|| |Investment performance
against objectives|Para 1.41|| Page | 2 |||| |---|---|---| |Other||| |**Financial Review**||| |Review of the charity’s
financial position at the end
of the period|Para 1.21|**Our financial position remained difficult**
**still coming out of the COVID-19**
**pandemic which further exasperated this**
**position and the beneficiaries still**
**sceptical around COVID.**| |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 reduced 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**
**there was an increased burden on the**
**charity due to our principal activity being**
**face to face delivery and adapting to a**
**hybrid provison**
**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 22-23 academic year.**| ## **Additional information (optional)** You may choose to include further statements where relevant about: **.** The charity’s principal sources of funds (including Para 1.47 any fundraising) Investment policy and objectives including any Para 1.46 social investment policy adopted A description of the principal Para 1.46 Page | 3 risks facing the charity 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. In the event of more applications**
**than positions on the Board - a ballot will**
**be held. **| ## **Additional information (optional)** ## You may choose to include further statements where relevant about: |Policies and procedures
adopted for the induction and
training of trustees|Para 1.51|| |---|---|---| |The charity’s organisational
structure and any wider
network with which the
charity works|Para 1.51|| |Relationship with any related
parties|Para 1.51|| |||| Page | 4 Other ## **Reference and Administrative details** |Charityname|**Croydon Supplementary Education Project (CSEP)**| |---|---| |Other name the charity uses|| |Registered charitynumber|**1151850**| |Charity’s principal address|**32-34 Sydenham Road**
**Croydon**
**Surrey CR0 2EF**| ||| **Names of the charity trustees who manage the charity** |1
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20|**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**|||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |Corporate trustees–names of the directors at the date the report was approved|Corporate trustees–names of the directors at the date the report was approved|Corporate trustees–names of the directors at the date the report was approved| |---|---|---| |**Director name**||| |**Mr O Bello**||| |**Ms I James**||| |**Ms A Lammy**||| |**Ms S Meikle**|**Resigned 19th October**
**2022**|| Page | 5 |**Mr E Parris**||| |---|---|---| |**Mrs S Sutton**|**Resigned 4th September**
**2022**|| |||| |||| |||| 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 ## **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)** ## **Exemptions from disclosure** Reason for non-disclosure of key personnel details Page | 6 ## **Other optional information** ## **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)**
**Position (eg Secretary,**
**Chair, etc)**
**Date**||| |---|---|---| ||**Allison Lammy**|| ||

**Director**|| ||**27th February 2022**|| ||**27th February 2022**|| Page | 7 CROYDON SUPPLEMENTARY EDUCATION PROJECT Registered charity number 1151850 Company number 08243226 FINANCIAL STATEMENTS For the year ending 30th April 2022 Croydon Supplementary Education Project {C.S.E.P) 32-34 Sydenham Road Croydon CRO 2EF CROYDON SUPPLEMENTARY EDUCATION PROJECT STATEMENTof FINANCIAL ACTIVITIES For the year ended 30th April 2022 Restrictgd income funds Unrestricted funds Prior year nds Total funds Income and Endowments Incoming resources from generated funds: Voluntary Income.. Donations Fundraising 11,956 60 12,016 1.479 5.445 1,479 5.445 ActivIt￿S forgenerating fvnds.. Room hire Book Sales & royalties Other Income 8,380 2.080 8,380 2.080 29 5,715 523 6,267 10,459 10,459 Incomlng resources from ch81itabl8 aclivitse& Grant Income 30.259 37,098 70.091 Educational Courses 21.104 21.104 3,573 27.943 43.848 30,259 30,259 58,202 74,106 73.664 91,947 Total In¢oming rnsources Expenditure.. Costs of generating funds: Costs of generating voluntary income Fundraising Costs Charitable actlvltles Direct Gosts SupF)Ort costs GovgTnanc¢ tosts Total resourc￿ expended Net Incominglloutgoingl resources before transfers 240 240 67,549 13.529 363 81.681 1,026 68,575 13,529 363 82.707 90,192 9,930 663 100,785 1,026 37.833 29.233 8,601 8.839 Gross Transfvrs between funds Net movement in funds Reconclllation of funds.. Total funds brought forward Totsl funds earrled forward 37.833 29,233 8,601 8,839 132 17.504 55.205 132 17,504 25.972 8,666 17,504 29.233 CROYDON SUPPLEMENTARY EDUCATION PROJECT BALANCE SHEET at 30 2022 2022 2021 Flxed Asset Tangible Assets 6158 7184 Currènt Assets Cash at Bank and in Hand Debtors 6781 6451 7325 21317 Liabiliti•s.' amounts falling due within yèar Creditors at￿ accruals 21321 24825 Net Current Assets -13996 Creditors falling due afief one year 18134 21179 Net Assets -25972 -17504 Funds Unrestricted Restiicted -2S972 -17879 375 -17504 10 -25972 For the year ending 30 A￿"42021 the o)mpanyvMs enlilled lo eXem[￿On urwjet 5e(*on 477 of the Companies Act 2(XJ6 relats.ng to small companies. The rnembers have not required the company lo obtain an audit in aC(xxdar￿ *iih section 476 of the Companies Act 2r The directors ath￿￿edge their responsibilittes for wtnplwrMJ with the requiremenls of the ompanies Act 20(E wth respect to a¢￿￿)b"fig records and the p￿paration 0*aCt￿￿￿ts. These act>)unts have p￿pared in accordance the provisions apFdicable to companies subject to the small companEs' regime Approved by the Boa¥d of Tnjstees and signed on its behaw by naturè Allison Lammy Date 27th Fèbrua 2023 The notes on pages 4 to 7 fomi part of these finar￿1 stalements. CROYDON SUPPLEMENTARY EDUCATION PROJECT NOTES to th• FINANCIAL STATEMENTS For the year endod 30th April 2022 Ilote 1 ACCOUNTING POUCIES a) A¢¢ountlng Conventior The Financial Ststements have been prepared in a¢¢c*dance VAth applicable accounting standards under the historical cost convention and in accordance Trmth the med)ods and prin￿pIeS ol the Statement of Recommended Praclise.. Accounb"ng and Reporting by Chariknes bl Fund Accounting Restricted Funds are those received have be￿ eamiarked for a speaal purrx)se by the ttonor. Unrestri¢ted funds are aVaila￿e for the use at the dis(xetion of the trusleès In furtherance of the general Ob￿Ne5 of the charity. c) In¢oming Resour¢¢s l incoming resources are induded in the statement of finanoal activiiies when the tharrty is entiued lo the in¢ome and the amount (an be quantified reasona￿e accuracy. The follow7ng specifi policies are applied to partiCU￿r G*egories of income". Voluntary irtcome is received by way of donatM)ns and frjndraising a¢tiwties. This income is treated as un￿striCted fijnds for use by the Charity. Ath"vibe$ for generating funds consists of room hire. L¥J)k sales and royalties arKE is accounted for on a reC￿Vable basis. Surplus fijnds are invested in a bank dep￿ account to eam interest. Interest received is included when recetvable. Interest is credited to the unrestricted lund to offsel overheads. Incoming resources from charitable actNilies eonsists of grants. which are related to performance and are awunted for as the Chartty eams the right to consideration by its perfomance. Grants. where ent￿ement is not condib.onal on the delNery of a specffiG perfomiance by the Charity, are recognised when the Charity becomes unconditionally entrtled to the grant. other sources of inc£Jming resources from the (￿a￿rtab￿ ac*vibes consist of ¢￿tributIOnS towards the cost of Educabonal Classes and a￿oUnted for on a recwvable basi5. d} Resources Expended Expend[Lu￿ is recognised on an accrual ba￿$ a$ a lia￿1￿ Is incurred. Cost of generating fiJrKls el￿pn$es the costs associated wrth attracting future i￿Ome. Charitable expenditure comprises those costs inCu￿d by the Charity IA the delrvery of its activities and services for rts beneficiaries. It indudes both costs thal can be allocated diiectly to s￿h activities and those costs of an indirect nature ne￿ry to support them. G0Veman￿ costs indude those o)sts a$S￿ated wlh meebng the consb"tutional and slatLrtory requirements of the Charity arKI ir￿ude the Independent Examination fees and costs linked lo the strategic management of the Charity. Costs are allocated to charitable activthes and the Charty on the basis of usage. Costs ￿lating lo a particular activity are alIc￿￿ed direcdy. other overt*ads are appoEtoned on an appropriate basis. el Depreciation All fixed assets purchased over £500 are eapitalised arKI DeWwat1￿ is prowded on all capilalised assets on 8 slraigh14sne basis as below. Equipment Computer Equipment Fixtures and Fittings Assets from Grant Funds Lèasehold Propety Straight line over 3 years Straight line over 3 years Straight line over 3 years Straight line over 4 years Stsaight line over 25 years fj Rxognition of Llabllitlos Liabilities are recognised on an &crual basis. gl Taxat¥on As the Company is a registered Charity (Registration No: 1151850) earying out charitable purposes. it is exempt from Corporation tax. h) Transfer between funds Trustees have the authonty lo transfer am(MJnts out of the unrestricted funds into restricted funds when required. i} Pensions Defined Contrlbutlon Penslon Plan The Company operates a defined contributton plan for its employees. A defined contribution plan is a pension plan undei which the Company pays fixed ¢ontribubons to a separate entity. Once the contributi¢)ns have been paid the Company has no further payment obligations. The ¢))ntribution$ ar& recognis&J 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 independenuy admini*ered funds. CROYDON SUPPLEMÉNTARY EtWGAIION pR￿CT NOTES toth* FINANCIAL STATEAIENT3 ForthDyoar4n¢l•d Joth Awfjl 2022 2. Incoming re&Wr￿ from Charftsbl• A¢Wvltfjg8: 2022 2022 2022 2021 Saturday School Day School Night School Holhjay Provlsk)n 81ack History Cour886 Other Courses Events Deli￿rth￿- Extern81 15,405 15,405 2.523 4.744 4.744 955 210 Totsl 21.104 21.104 3.573 Grants R•¢•lv•d ).259 37.098 70.091 2022 2022 2022 2021 3. Co•t• of g•nora￿n9 Yoluntary Incom• 240 240 Charll•bl• Actlvllkn8 Dlro¢t Co•t• Staff Cost5 Pr4ect Costa 32.t43 5.039 37.182 30.869 82,811 19,$03 59.497 Totsl 30.e89 67.89) Support Co•ts Prornises Administration Managemenl 8,WS 16,716 Totsl 13.831 13.831 19. 4. St•ff ¢o•ts Wages & Salari88 Employers Nl Costs Pen8bn Costs 29,697 29.697 17.320 639 32.143 Totsl 32.143 19.503 5. Tru•ts• R•num•rallon & R•kntsd Party TrarAxdon• No M*m￿r$ el the rnanagen*nt ctffjmrtt•• r•ca￿d any tsnumer8th)n dunng the year.12022 EOI No trustee or other per50Tr relatsd to Ihe charty W any personal inierttl in any ¢onty•# or tr¥nsw¢*on entered into by the ch8rty during the year. 12022- Nil) 6. Not Incomlnglloutyolngl Resourco This is stated after charging". 2022 Depreciation Accounts and Frfling F¢ 375 cRoY￿)N SUPPLERIENTARY EDUCATION PRQIECT NOTESto th• FSNANCIAL3TATEMETrrs Forth• yoar•rMlert301hWI ZQ22 7. Fixed Assots Leasehold Property Ti)tsl 25652 112.482 Grnnt Fund Corryutern & Fitt 77.379 Equip 7.084 Athrtions A5 al 30 April 2022 Accumulaled DeprEc Charge As at 20 April 2022 7Z.379 - 7.084 .18469 - 1￿.299 -1026 - 1.026 .325 Net Values As at 30 April 2021 AS at 30 April 2022 7.184 7.184 Oepreriation straight line ov 4 years 3 years 3 years 25 ytars . Anatysis ot cr¢ditorn Arnounts falling du• Amunts f4￿n9 du• after within ont year more than one y•ar Trls Last year This yoar La8ty Trale Cr8dilors Payroll Control Pension Control Accrua15 PAYE an Scoal Security Deposits Refundable Recharye 0th8r ￿editorS- Lo8 2.473 12.1C 407 2.926 12.113 928 8.723 5,975 18.134 18.134 21.179 21,179 Total 21.321 24.825 9. Restri¢ted Fund$ Transfer Balance Resources ResoU￿e# from Other BalarKe 0110￿2021 In¢oml Outyolng Fund8 3010412022 Computer Depreaation Chafge Gfanl 10. Analys1$ of NgtA88ets Bokn¥een Funds Fixed Current Totsl Restricted FuThds Unrestricted Funds 6.158 6.158 13,996 13. 18.734 18.134 25.972 25.972 Total 32-34 Sydenham Road Croydon CR0 2EF Office: +44 (0)20 3667 3396 Email: enquiries@teban.co.uk Website: www.teban.co.uk ## Taxation, Accounting & Payroll Services The Trustees Croydon supplementary Education Project (CSEP) 32-34 Sydenham Road Croydon CR0 2EF 27[th] February 2023 Our Reference: TBL904 Dear Trustees Independent examiner’s report to the trustees of Croydon Supplementary Education Project (CSEP) I report to the trustees on my examination of the accounts of the above (the Trust) for the year ended 30[th] April 2022. 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. 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: +44 (0)20 3667 3396 Email: enquiries@teban.co.uk 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 which gives 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: Tracey Bankinson Name: Tracey Bankinson BA (Hons), MAAT (Fellow), AATQB Address: TE BAN & Co Ltd, 32-34 Sydenham Road, Croydon, CR0 2EF Date: 27[th] February 2023 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