**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|
2
## **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
3
## **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.
4
## **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:
- Achievement of our aims and objectives; and
- 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:
- select suitable accounting policies and then apply them consistently;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting methods have been followed, subject to any material departures disclosed and explained in the financial statements
- 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
5
## **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:
- the accounting records were not kept in accordance with section 130 of the Charities Act; or
- the accounts did not accord with the accounting records; or
- 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
6
## **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**|
7
## **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
8
## **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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