## **Trustees’ Annual Report for the period** **Period start date: 1[st] May 2022 Period start date: 30[th] April 2023** **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 60**
**children receiving support in English,**
**maths & science and 80 children through**
**heritage and cultural 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 increased and enhanced its**
**heritage and cultural provision and**
**collaborated with local leading and arts**
**providers such as the Talawa Theatre as**
**it begins its journey through Croydon**
**being the Borough of Culture**| **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|| |||| Page | 2 Investment performance Para 1.41 against objectives Other **Financial Review** |**Financial Review**||| |---|---|---| |Review of the charity’s
financial position at the end
of the period|Para 1.21|**Our financial position remained difficult**
**affected by the rise in utilities against a**
**slow increase in attendance which was**
**further exasperated by building flood.**| |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 reserves held|Para 1.22|**0**| |Reasons for holding zero
reserves|Para 1.22|**Due to a decline in funding this directly**
**reduced project income. We were also**
**affected by building flood and repairs.**| |Details of fund materially in
deficit|Para 1.24|| |Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|| |**Additional information (optional)**
You may choose to include further statements|**Additional information (optional)**
You may choose to include further statements|where relevant about:| |---|---|---| |The charity’s principal
sources of funds (including
any fundraising)|Para 1.47|**.**| |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|| |Other||| ## **Structure, Governance and Management** Description of charity’s trusts: Page | 3 |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|**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|| |Other||| ## **Reference and Administrative details** |Charity name|**Croydon Supplementary Education Project (CSEP)**| |---|---| |Other name the charity uses|| |Registered charitynumber|**1151850**| Page | 4 **32-34 Sydenham Road Croydon Surrey CR0 2EF** Charity’s principal address ## **Names of the charity trustees who manage the charity** |1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
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**|| |**Mr E Parris**||| |**Mrs S Sutton**|**Resigned 4th September**
**2022**|| |||| |||| |||| Name of trustees holding title to property belonging to the charity Page | 5 |**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 ## **Other optional information** ## **Declarations** Page | 6 **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 29th February 2023** Page | 7 ## **CROYDON SUPPLEMENTARY EDUCATION PROJECT** # **Registered charity number 1151850** **Company number 08243226** **FINANCIAL STATEMENTS For the year ending 30th April 2023** **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 2023** |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**
**£**
**£**
**£**
**£**
26,902
-
26,902
3,966
1,027
-
1,027
1,479
27,929
-
27,929
5,445
9,684
-
9,684
8,380
203
-
203
2,080
645
-
645
-
10,532
-
10,532
10,459
12,487
920
13,407
37,098
16,475
16,475
21,104
28,962
920
29,882
58,202
67,423
920
68,343
74,106
-
-
-
240
240
240
26,289
1,946
28,235
68,575
39,655
-
39,655
13,529
13
13
363
66,197
1,946
68,143
82,707
1,226
1,026
-
200
8,601
-
-
-
-
-
1,226
1,026
-
200
8,601
-
-
132
26,995
-
-
26,995
-
17,504
-
25,769
-
1,026
-
26,795
-
25,972
-| |---|---| 2 ## **CROYDON SUPPLEMENTARY EDUCATION PROJECT BALANCE SHEET at 30 April 2023** ## **Notes** |**Fixed Asset**
Tangible Assets
7
**Current Assets**
Cash at Bank and in Hand
Debtors
**Liabilities: amounts falling**
**due within one year**
Creditors and accruals
8
**Net Current Assets**
Creditors falling due after one year
8
**Net Assets**
**Funds**
Unrestricted
Restricted
9
10|**£**| |---|---| ||| For the year ending 30 April 2023 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 29th February 2024** Allison Lammy The notes on pages 4 to 7 form part of these financial statements. 3 ## **CROYDON SUPPLEMENTARY EDUCATION PROJECT NOTES to the FINANCIAL STATEMENTS For the year ended 30th April 2023** ## **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. 4 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. 5 ## **CROYDON SUPPLEMENTARY EDUCATION PROJECT NOTES to the FINANCIAL STATEMENTS** ## **For the year ended 30th April 2023** ## **2. Incoming resources from Charitable** |**Unrestricted**
**funds**
**Restricted**
**income funds**
**Total funds**
**Prior year**
**2023**
**£**
**2023**
**£**
**2023**
**£**
**2022**
**£**
Saturday School
9,974 - 9,974 15,405
Day School
- - - -
Night School
- - - -
Holiday Provision
- - - -
Black History Courses
5,637 - 5,637 4,744
Other Courses
12,076
12,076 955
Events Delivered - External
347 - 347 -
**Total** 28,034 - 28,034 21,104
**Grants Received**
12,487 920 13,407 37,098
**2023**
**£**
**2023**
**£**
**2023**
**£**
**2022**
**£**
**3. Costs of generating voluntary income**
240 - 240 240
**Charitable Activities**
**Direct Costs**
Staff Costs
33,167 - 33,167 62,811
Project Costs
4,863 920 5,783 5,039
**Total** 38,030 92038,950 67,850
**Support Costs**
Premises
18,615 - 18,615 8,905
Administration
10,579 - 10,579 4,926
Management
- - - -
**.**
**Activities:**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Total funds**
**Prior year**
**2023**
**£**
**2023**
**£**
**2023**
**£**
**2022**
**£**
9,974 - 9,974 15,405
- - - -
- - - -
- - - -
5,637 - 5,637 4,744
12,076
12,076 955
347 - 347 -| |---|---| ||18,615 - 18,615 8,905
10,579 - 10,579 4,926
- - - -| |
Premises
Administration
Management|| |**Total** 29,194- 29,194 13,831
**4. Staff Costs**
Wages & Salaries
27,384 - 27,384 29,697
Employer's NI Costs
446 - 446 1,806
Pension Costs
187 - 187 639
**Total** 28,018- 28,018 32,143|| ## **5. Trustee Renumeration & Related Party Transactions** No members of the management committee received any renumeration during the year. (2022 £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. (2022 - Nil) ## **6. Net Incoming/(outgoing) Resources** This is stated after charging: Depreciation Accounts and Filling Fees **2023 2022 £ £** - - 13 363 6 ## **CROYDON SUPPLEMENTARY EDUCATION PROJECT NOTES to the FINANCIAL STATEMENTS For the year ended 30th April 2023** |**7. Fixed Assets**
**Grant Fund Computers**
**Fix & Fitt**
**Equip**
Cost
1,500 77,379 867 7,084
Additions
As at 30 April 2023
1,500 77,379 867 7,084
Accumulated Deprec
- 1,500 - 77,379 - 867 - 7,084
Charge
As at 30 April 2023
- 1,500 - 77,379 - 867 - 7,084
Net Book Values
As at 30 April 2022
- - - -
**As at 30 April 2023**
**- - - -**
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
3,839 2,473
Payroll Control
5,027 12,106
Pension Control
571 407
Accruals
- 360
PAYE an Social Security
2,552 5,975
Other creditors - Loan
15,975 - 17,369 18,134
**Total** 27,963 21,321 17,369 18,134
**9. Restricted Funds**
**Balance**
**01/05/2022**
**Resources**
**Incoming**
**Resources**
**Outgoing**
**Transfer**
**from Other**
**Funds**
Computer Depreciation Charge
-
Grant
- - - -
**10. Analysis of Net Assets Between Funds**
**Fixed**
**Assets**
**Current**
**Assets**
**Creditors**
**Total**
Restricted Funds
- -
Unrestricted Funds
5,132 13,406 - 45,332 - 26,795
**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| ||- 1,500 - 77,379 - 867 - 7,084|
-19495
106,325
-
-1026
1,026
-| ||- 1,500 - 77,379 - 867 - 7,084|- 20,521 - 107,351| ||- - - -|-
6,158
6,158| ||**- - - -**|**5,132 5,132**| ||4 years
3 years
3 years
3 years
**This year**
**Last year**
**This year**
**Last year**
**£**
**£**
**£**
**£**
3,839 2,473
5,027 12,106
571 407
- 360
2,552 5,975
15,975 - 17,369 18,134
**Amounts falling due**
**within one year**
**Amounts falling due after**
**more than one year**|25 years


**Balance**
**30/04/2023**

-


| ||**Balance**
**01/05/2022**
**Resources**
**Incoming**
**Resources**
**Outgoing**
**Transfer**
**from Other**
**Funds**
-|| ||- - - -|| ||**Fixed**
**Assets**
**Current**
**Assets**
**Creditors**
**Total**
- -
5,132 13,406 - 45,332 - 26,795|| |Restricted Funds
Unrestricted Funds||| |**Total** 5,132 13,406-45,332- 26,795||| 7 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 29[th] February 2024 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 2023. 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: 29[th] February 2024 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