CROYDON REFUGEE COMMUNITY REPORT AND ACCOUNTS
PERIOD ENDED 31 MARCH 2024
ACCMAN & CO ACCOUNTANTS LONDON
CROYDON REFUGEE COMMUNITY
REPORT AND ACCOUNTS 2024
CONTENTS
| Page | |
|---|---|
| CRC's Information | 3 |
| Report of the Trustees/Directors | 4-5 |
| Independent Examiners' Report | 6 |
| Statement of financial activities | 7 |
| Balance Sheet | 8 |
| Notes to the Accounts | 9-11 |
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CROYDON REFUGEE COMMUNITY
REPORT AND ACCOUNTS 2024
CROYDON REFUGEE COMMUNITY’S INFORMATION
OLD NAME: CROYDON REFUGEE CENTRE
REGISTERED CHARITY NO: 1187224 REGISTERED COMPANY NO: 12332442
TRUSTEES: Zeinab NUH Chairperson Hortense MATOKO-M' FOUD Nickesia Melesia MEDLEY Appointed 24 December 2023 CORRESPONDENT: 3 SADDLE MEWS CROYDON CR0 2FZ TELEPHONE: 07592943155 EMAIL: znuh@hotmail.com BANKS: BARCLAYS BANK PLC INDEPENDENT MAROOF ADEOYE MBA DChA FCIE MInstF EXAMINER: Registered Charity Independent Examiner ACCMAN & CO ACCOUNTANTS MAROOF SUITE, 30 UNION ROAD, CR0 2XU
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CROYDON REFUGEE COMMUNITY
REPORT OF THE CHARITABLE COMPANY DIRECTORS/TRUSTEES
The directors/trustees present their report for the period ended 31 March 2024.
Governing document
The charity is operated under the rules of its memorandum and articles incorporated 25 November 2019 as amended by certificate of incorporation on change of name dated 23 December 2019
Overall management of the charity is the responsibility of the trustees who are elected and co-opted under the terms of the memorandum and articles of association. Day to day project activity is managed and carried out by the trustees.
Charitable objects
The charity was established to benefit the public by advancing education and training; relief of sickness, unemployment and financial hardship amongst those seeking asylum and those granted refugee status particularly and their dependants living (temporarily or permanently) in the London borough of Croydon and the surrounding area, by the provision of vocational and skills training, advice and support, and facilities that will facilitate integration and understanding within the wider community and improve their conditions of life.
Summary of the main achievements during the period
During the period, demands for the charity’s services continued to grow in response to growth in public awareness of its aims and objectives and activities is carrying out for the benefit of the community.
Future Plan
The charity will continue to build on the progresses it has made so far and for the foreseeable future.
The Charity’s Policy on Reserves
Our trustees aim to maintain free reserves in unrestricted funds and have approved a policy of raising reserves to the level needed to cover three months operating expenditure, equivalent to £1,964 in 2024 (2023: £187). Our policy is, therefore, to continue building up our free reserves to the ideal level by means of annual operating unrestricted funds surpluses and supplemented by general-purpose appeals from time to time.
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Risk Management
Our trustees have considered the major risks to which the charity is exposed and have reviewed those risks and established systems and procedures to manage those risks.
The trustees annually review the risks that the charity faces. To date these have mainly related to:
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Achievement of our aims and objectives; and
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Meeting the expectations of our beneficiaries and supporters.
The trustees review these risks on an ongoing basis and satisfy themselves that adequate systems and procedures are in place to manage the risks identified.
Responsibilities of the Trustees
The Trustees is required to prepare financial statements for each financial period which give a true and fair view of the state of affairs of the Croydon refugee community as at the balance sheet date of its incoming resources and resources for the period ended. In preparing those financial statements, the Trustees is required to:
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select suitable accounting policies and then apply them consistently;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting methods have been followed, subject to any material departures disclosed and explained in the financial statements
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prepare the financial statements on the going concern basis unless it is inappropriate to assume that the Croydon refugee community will continue on that basis.
The Trustees is responsible for keeping proper books of account such as are necessary to give a true and fair view of the Croydon refugee community’s state of affairs and to explain its financial transactions. The Croydon refugee community must also establish and maintain a satisfactory system of control of its book of account, its cash holdings and all its receipts and remittances, and hence is responsible for safeguarding the assets and taking reasonable steps for the prevention and detection of fraud and other irregularities.
Trustees Beneficial Interest
The members of the Trustees have no beneficial interest in the Croydon refugee community and are not remunerated. The members of the Trustees on the date this report was approved were as stated in the information page above.
Financial Statements
The financial statements for the period ended 31 March 2024 are presented in accordance with the Statement of Recommended Practice (SORP): “Accounting by Charities”. The overall financial performance recorded a net surplus in funds of £40,798 in the year ended 2024 (2023: £3,696).
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees:
Zeinab NUH
Chairperson 12 June 2024
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Independent examiner’s report to the trustees of CROYDON REFUGEE COMMUNITY for the period ended 31 March 2024
I report to the charity trustees on my examination of the accounts of the Association for the year ended 31 March 2024, which are set out on pages 7 to 11.
Responsibilities and basis of report
As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’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 Act.
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:
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the accounting records were not kept in accordance with section 130 of the Charities Act; or
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the accounts did not accord with the accounting records; or
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the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
Maroof Adeoye MBA DChA FCIE MInstF Registered Charity Independent Examiner Accman & Co Accountants Maroof Suite, 30 Union Road Croydon, Surrey. CR0 2XU
Date: 12 June 2024
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CROYDON REFUGEE COMMUNITY Statement of financial activities for the period ended 31 March 2024
| Unrestricted Funds Note £ Incoming resources Grants 2 25716 Donations 212 Other Income Bank interest Total incoming resources 25928 Resources expended Staff Costs 3360 Rent 900 Volunteer Expenses 1350 Mobile Data (online classes) Liability Insurance Activities Delivery Costs Transportation & Subsistence Publicity & Evaluation Legal & professional fees 1950 Depreciation 298 Sundries Total resources expended 7858 Net incoming/(outgoing) resources 18070 Total funds brought forward 190 Total funds carried forward 18260 |
Restricted Funds £ 74654 0 0 0 74654 33989 4860 8055 522 0 6648 1048 500 0 0 55622 19032 3506 22538 |
2024 Total Funds £ 100370 212 - - 100582 37349 5760 9405 522 - 6648 1048 500 1950 298 - 63480 37102 3696 40798 |
2023 Total Funds £ 53880 937 - - |
|---|---|---|---|
| 54817 23000 3400 4600 - 750 17551 1404 1030 500 397 450 |
|||
| 53082 1735 1961 |
|||
| 3696 |
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CROYDON REFUGEE COMMUNITY Balance sheet at 31 March 2024
| Note Fixed assets Tangible assets 3 Current assets Debtors Cash at bank and in hand 4 total current assets Liabilities Creditors: amounts falling due within one year 5 Net current assets Total Net Assets The funds of the charity Unrestricted income funds 6 Restricted income funds Total funds |
0 41155 41155 1250 |
2024 £ 893 39905 40798 18260 22538 40798 |
2023 £ 1191 0 3005 |
|---|---|---|---|
| 3005 500 |
|||
| 2505 3696 |
|||
| 190 3506 |
|||
| 3696 |
The trustees declare that they have approved the accounts above.
Signed on behalf of the charity’s trustees:
Zeinab NUH Chairperson 12 June 2024
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CROYDON REFUGEE COMMUNITY Notes to the accounts for the period ended 31 March 2024
1. Accounting policies
Basis of the preparation of the accounts
These financial statements have been prepared under the historical cost convention and in accordance with Accounting and Reporting by Charities - Statement of Recommended Practice (SORP revised 2005), and applicable accounting standards.
Incoming resources
All material incoming resources have been included on a receivable basis – i.e. they are included if the date receivable falls within the period covered by these accounts.
Resources expended
These have been analysed using a natural classification.
Fixed assets and depreciation
Tangible fixed assets costing more than £100 are capitalised and included at cost including any incidental expenses of acquisition.
Depreciation of furniture and equipment is written down using reducing balance method of depreciation over their estimated useful economic lives.
2. Grants
| Unrestricted Funds Note £ Community Organisation 24716 Croydon Relief AP Croydon 0 Croydon Council Awards for All Local Giving Community Fund 500 Neighbourly Community Fund 500 The Lottery Fund London Youth 25716 |
Restricted Funds £ 50284 5000 7000 12370 74654 |
2024 2023 Total Total Funds Funds £ £ 75000 5000 7000 12370 4000 0 10000 500 500 500 1000 0 37630 0 750 100370 53880 |
|---|---|---|
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3. Tangible Assets
| IT equipment Cost £ At 1 pril 2023 1950 Additions - Disposals - At 31 March 2024 1950 Depreciation At 1 pril 2023 759 Disposals - Charge this period 298 At 31 March 2024 1057 Net book value At 31 March 2024 893 At 31 March 2023 1191 4. Cash at Bank and in hand Bank and Cash in hand Barclays Bank Cash in hand 5. Creditors Current liabilities Accountancy |
Furnitures £ 0 - - - 0 - 0 - - 0 |
2024 Total £ 1950 - - |
2023 Total £ 1450 500 - |
|||
|---|---|---|---|---|---|---|
| 1950 759 - 298 |
1950 363 - 396 |
|||||
| 1057 | 759 | |||||
| 893 1191 2024 £ 41155 0 41155 2024 £ 1250 0 1250 |
1191 1088 2023 £ 2311 0 2311 2023 £ 500 0 500 |
|||||
6. Analysis of net assets by fund
| Unrestricted funds £ Net current assets 18260 18260 |
Restricted funds £ 22538 22538 |
2024 Total funds £ 40798 40798 |
2023 Total funds £ 3696 |
|---|---|---|---|
| 3696 |
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7. Staff costs and numbers
| Staff costs and numbers | ||
|---|---|---|
| Wages & NI Pension |
2024 £ 37349 37349 |
2023 £ 23000 |
| 23000 |
No employee received emoluments of more than £10,000. The highest paid employee earned £7,200 (2023: £7,200). The average weekly number of employees during the period was 4 (2023: 2) and 6 (2023:6) volunteers.
8. Taxation
CRC is a registered charity and accordingly is exempt from taxation on its income and gains where they are applied for charitable purposes.
9. Trustees’ remuneration, benefits and expenses
Trustees received no expenses or remuneration.
10. Related party transactions
No related party transactions
11. Independent examination and accountancy services
During the period, the cost of the examination and accountancy services was £1,250 (2023: £500).
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