Trustees’ Annual Report for the period
Period start date: 1[st] May 2023 Period start date: 30[th] April 2024
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 identified in the 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 70 children receiving support in English, maths & science with extra-curricular post 16 support 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 wraparound holistic 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 Performing Arts providers such as the Talawa Theatre, Museum Institutions such as Victoria & Albert Museum, Historical Societies in Cambridge, and continue to work with leading academics withintheir field of expertise. |
Additional information (optional) You may choose to include further statements where relevant about:
Achievements against Para 1.41 objectives set Para 1.41
Page | 2
| Performance of fundraising activities against objectives set |
||
|---|---|---|
| Investment performance against objectives |
Para 1.41 | |
| 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 and local government taxes. |
| 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 ongoing repairs due to previous year flood. |
| 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 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 | |
Page | 3
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 **willbe held. ** |
Additional information (optional) You may choose to include further statements where relevant about:
Policies and procedures adopted for the induction Para 1.51 and 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
Page | 4
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
| 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 | ||||
| Mr E Parris | ||||
Corporate trustees – names of the directors at the date the report was approved
Director name Mr O Bello Ms I James Ms A Lammy Mr E Parris
Page | 5
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
Funds held as custodian trustees on behalf of others
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
Page | 6
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 ~~a~~ Position (eg Secretary, Director Chair, etc) ~~es~~ Date 28th February 2024 ~~|~~
Page | 7
CROYDON SUPPLEMENTARY EDUCATION PROJECT
Registered charity number 1151850
Company number 08243226
FINANCIAL STATEMENTS For the year ending 30th April 2024
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 2024
| 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 £ £ £ 21,618 - 21,618 2,794 - 2,794 24,412 - 24,412 40,723 - 40,723 647 - 647 1,289 - 1,289 42,659 - 42,659 - - - 15,164 15,164 15,164 - 15,164 82,235 - 82,235 - - 1,343 1,343 16,385 1,212 17,596 68,710 - 68,710 10,987 10,987 97,425 1,212 98,636 15,190 - 1,212 - 16,401 - - - - 15,190 - 1,212 - 16,401 - - 26,795 - - 26,795 - 41,985 - 1,212 - 43,196 - |
Prior year funds £ 26,902 1,027 27,929 9,684 203 645 10,532 13,407 16,475 29,882 68,343 240 28,235 39,655 13 68,143 200 - 200 26,995 - 26,795 - |
|---|---|---|
2
CROYDON SUPPLEMENTARY EDUCATION PROJECT BALANCE SHEET at 30 April 2024
Notes
| Notes | |||||
|---|---|---|---|---|---|
| 2024 | 2023 | ||||
| £ | £ | £ | £ | ||
| Fixed Asset | |||||
| Tangible Assets | 7 | 4106 | 5132 | ||
| Current Assets | |||||
| Cash at Bank and in Hand | 833 | 6222 | |||
| Debtors | 10105 | 7184 | |||
| 10938 | 13406 | ||||
| Liabilities: amounts falling | |||||
| due within one year | |||||
| Creditors and accruals | 8 | 40871 | 27963 | ||
| Net Current Assets | -29933 | -14558 | |||
| Creditors falling due after one year | 8 | 17369 | 17369 | ||
| Net Assets | -43196 | -26795 | |||
| Funds | |||||
| Unrestricted | -43196 | -26795 | |||
| Restricted | 9 | 0 | |||
| 10 | -43196 | -26795 |
For the year ending 30 April 2024 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 28th February 2025 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 2024
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.
5
CROYDON SUPPLEMENTARY EDUCATION PROJECT NOTES to the FINANCIAL STATEMENTS For the year ended 30th April 2024
| 2. Incoming resources from Charitable | Unrestricted | Restricted | |||
|---|---|---|---|---|---|
| Activities: | funds | income funds | Total funds | Prior year | |
| 2024 | 2024 | 2024 | 2023 | ||
| £ | £ | £ | £ | ||
| Saturday School | 11,192 | - | 11,192 | 9,974 | |
| Day School | - | - | - | - | |
| Night School | - | - | - | - | |
| Holiday Provision | - | - | - | - | |
| Black History Courses | 680 | - | 680 | 5,637 | |
| Other Courses | 2,779 | 2,779 | 517 | ||
| Events Delivered - External | 1,891 | - | 1,891 | 347 | |
| Total | 16,542 | - | 16,542 | 16,475 | |
| Grants Received | - | - | - | 13,407 | |
| 2024 £ |
2024 £ |
2024 £ |
2023 £ |
||
| 3. Costs of generating voluntary income Charitable Activities Direct Costs Staff Costs Project Costs |
- 35,823 6,368 |
- - - |
- 35,823 6,368 |
240 33,167 4,863 |
|
| Total | 42,192 | - | 42,192 | 38,030 | |
| Support Costs Premises Administration Management |
33,727 10,536 - |
- - - |
33,727 10,536 - |
- 10,579 - |
|
| Total | 44,263 | - | 44,263 | 10,579 | |
| 4. Staff Costs Wages & Salaries Employer's NI Costs |
32,482 1,684 |
- - |
32,482 1,684 |
27,384 446 |
|
| Pension Costs | 1,656 | - | 1,656 | 187 | |
| Total | 35,823 | - | 35,823 | 28,018 |
5. Trustee Renumeration & Related Party Transactions
No members of the management committee received any renumeration during the year. (2024 £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. (2024 - Nil)
6. Net Incoming/(outgoing) Resources
This is stated after charging:
Depreciation Accounts and Filling Fees
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| - | - | |
| 10,987 | 13 |
6
CROYDON SUPPLEMENTARY EDUCATION PROJECT NOTES to the FINANCIAL STATEMENTS For the year ended 30th April 2024
| 7. Fixed Assets Grant Fund Computers Fix & Fitt Equip Cost 1,500 77,379 867 7,084 Additions As at 30 April 2024 1,500 77,379 867 7,084 Accumulated Deprec - 1,500 - 77,379 - 867 - 7,084 Charge As at 30 April 2024 - 1,500 - 77,379 - 867 - 7,084 Net Book Values As at 30 April 2023 - - - - As at 30 April 2024 - - - - 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 3,958 3,839 Payroll Control 16,385 5,027 Pension Control 571 571 Accruals - - PAYE an Social Security 3,982 2,552 Deposits Refundable - Recharge - Other creditors - Loan 15,975 15,975 17,369 17,369 Total 40,871 27,963 17,369 17,369 9. Restricted Funds Balance 01/05/2023 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 4,106 10,938 - 58,240 - 43,196 Total 4,106 10,938 - 58,240 - 43,196 Amounts falling due within one year Amounts falling due after more than one year |
Leasehold Property Total 25652 112,482 - 25,652 112,482 -20521 107,351 - -1026 1,026 - - 21,547 - 108,377 - 5,132 5,132 4,106 4,106 25 years Balance 30/04/2024 - |
|---|---|
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32-34 Sydenham Road Croydon CR0 2EF Office: +44 (0)20 3667 3396 Email: enquiries@teban.co.uk Website: www.teban.co.uk ~~oe~~
Taxation, Accounting & Payroll Services
The Trustees Croydon supplementary Education Project (CSEP) 32-34 Sydenham Road Croydon CR0 2EF
28[th] February 2025
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 2024.
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: +44 (0)20 3667 3396 Email: enquiries@teban.co.uk Website: www.teban.co.uk ~~oe~~
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: 28[th] February 2025
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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