## Croft House Settlement
**(Registered Charity number 523910)**
## Financial statements
## For the year ended 31 December 2022
|**Contents**|**Page**|
|---|---|
|Legal and administrative information|2|
|Council of Management report|3-4|
|Examiner's report|5|
|Statement of financial activities|6|
|Balance sheet|7|
|Notes to the accounts|8-9|
## Croft House Settlement
## Legal and administrative information
**Hon Vice President** Mr John Boyington CBE **Chair** Mr Derek Newman **Hon. Secretary** Ms Emily Hart **Hon. Treasurer** Mr Glyn Boyington **Council of Management** Mr David Staniforth Mr David O'Mara Ms Nisha Lall Mr Ian Owers **Centre Manager** Mr Roger Steele MBE **Registered Charity Number** 523910 **Principal Address** Garden Street Sheffield S1 4BJ **Independent Examiner** Craig Williamson White Rose Accounting for Charities The Ghyll Threapland Aspatria CA7 2EL **Bank** National Westminster Bank plc 42 High Street Sheffield S1 1QG
2
Croft House Settlement
## Council of Management report
The Council of Management present their report and financial statements for the year ended 31 December 2022
## **Structure, governance and management**
Croft House Settlement was set up in 1902 for the purpose of educating the young and helping the elderly, so that their conditions of life may be improved. The declaration of trust is dated 7 October 1960. Croft House Settlement is governed by the constitution approved by the Council of Management on 1 November 1999, as amended by resolution dated 30 June 2004 and most recently amended September 2014, and was entered upon the register of charities on 11 September 1963.
The objective of the charity is, in the interest of social welfare, to improve the conditions of life of the inhabitants of the area of benefit without distinction of political, religious or other opinions by the provision of facilities for recreation and other leisure time occupation.
## **Activities and achievements**
2022 saw Croft House return to being an active base for many community activities as the Covid 19 restrictions were lifted. This is reflected in our income from lettings to user groups and club receipts.
A highlight of the year was “Celebration at the Crofts” which was entirely funded by a grant from the National Lottery. The event saw performances and workshops by several of our user groups and was provided free of charge to the public. Nisha Lall, a member of our Council of Management , was responsible for organising all aspects of this highly successful event.
As part of our continued commitment to the community we have worked in partnership with Yorkshire Ambulance Service NHS Trust to provide a publicly accessible defibrillator. Thanks to the generosity of neighbouring businesses, Sheffield Window Company and Hand Made Scissors Ltd, this project is underway and the defibrillator will be installed in the near future.
Unfortunately our main roof suffered storm damage which also caused damage to the newly installed ceiling in Croft Hall. Fortunately the costs of repair were largely covered by insurance. The final part of the improvements to Croft Hall and The Studio were were completed with the installation of new sound systems. Other planned renovation works were also carried out as we continue to work to ensure the long term viability of the Garden Street building
In addition to the grant from the National Lottery and donations towards the defibrillator project we were again fortunate to receive assistance from our long standing supporter The Dixon Pitchfork Charitable Trust. Such generosity enables Croft House to continue to serve the community in Sheffield.
Since Croft House was founded in 1902 our charity has seen many changes but we continue to try to respond and to provide for community and charitable activities for the benefit of wider society. The Council of Management hopes that our founders would approve of our continuing efforts.
Our thanks go to Craig Williamson of White Rose Accounting for Charities for his diligent work in examining these annual accounts.
3
## Croft House Settlement
## Council of Management report
## **Organisation**
Membership of the Settlement is open to all members of the community regardless of sex, ethnic origin, or religious creed, subject to compliance with the rules of the various sections operating within the Settlement.
The Council of Management comprises members from local businesses and the local community and up to four nominated by the Central United Reformed Church.
The Council of Management who has served the charity during the year and since the year end is listed under the legal and administrative information. The Council of Management has met 4 times during the year.
## **Reserves policy**
It is the policy of the Settlement to maintain unrestricted funds, which are the free reserves of the charity, at a level which equates to between 9 and 12 months unrestricted expenditure. At this level, the Council of Management feels that it would be able to continue the current activities of the Settlement in the event of a significant fall in income, whilst it considers how to address future funding.
## **Council of Management responsibilities for the financial statements**
Charity law requires the Council of Management to prepare financial statements for each financial period which show the state of affairs of the charity and of net income or expenditure of the charity for that period. In preparing those financial statements, the Council of Management are required to:
- q select suitable accounting policies and apply them consistently.
- q observe the methods and principles in the Charities SORP FRS (102).
- q make judgements and estimates that are reasonable and prudent.
- q prepare the financial statements on the going concern basis unless it
- is inappropriate to presume that the charity will continue in operation.
- q state whether applicable accounting standards of recommended
- practice have been followed subject to any departures disclosed and explained in the financial statements.
The Council of Management are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable the Council of Management to prepare financial statements. The Council of Management are responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention of fraud and other irregularities.
This report was approved by the Council of Management on ____________ and is signed on their behalf by:
Mr Derek Newman Chair
4
## Croft House Settlement
## Independent examiner’s report to the Council of Management of Croft House Settlement
I report on the accounts for the year ended 31 December 2022, which are set out on pages 6 to 9.
## **Respective responsibilities of trustees and examiner**
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
## It is my responsibility to:
q examine the accounts under section 145 of the 2011 Act;
q to follow the procedures laid down in the general Directions given by the Charity Commission under section 145 (5)(b) of the 2011 Act; and
q to state whether particular matters have come to my attention.
## **Basis of independent examiner’s report**
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
## **Independent examiner’s statement**
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that in any material respect the requirements:
q to keep accounting records in accordance with section 130 of the 2011 Act; and q to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act
have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signed:____________________________________
Craig Williamson White Rose Accounting for Charities
The Ghyll Threapland Aspatria CA7 2EL
Date:________________________
5
## Croft House Settlement
## Statement of financial activities for the year ended 31 December 2022
|**Unrestricted**
**fund**
**Notes**
**£**
**Incoming resources**
Grants and donations
**2**
3,550
Club receipts
4,086
Letting income
18,027
Other income
1,230
Investment income
104
**Total Incoming resources**
**26,997**
**Resources expended**
Staff salaries
9,294
Repairs and renewals
13,049
Light and heating
1,610
Rates and water
1,440
Celebration at the Crofts
-
Defibrillator Project
-
Insurance
3,684
Telephone
701
Management and adminstration
106
Accountancy
135
Other expenditure
-
**Total resources expended**
30,019
**Net (outgoing)/incoming resources**
(3,022)
**Total funds brought forward**
36,454
**Total funds carried forward**
33,432|**Restricted**
**fund**
**£**
6,149
-
-
-
-
**6,149**
-
-
750
-
4,300
999
-
-
-
-
-
6,049
100
-
100|**Total**
**2022**
**£**
9,699
4,086
18,027
1,230
104
**33,146**
9,294
13,049
2,360
1,440
4,300
999
3,684
701
106
135
-
**36,068**
(2,922)
36,454
**33,532**|Total
2021
£
35,802
2,772
7,060
-
1|
|---|---|---|---|
||||45,635|
||||9,152
22,092
1,479
499
4,133
634
750
125
-|
||||38,864|
|||||
||||6,770
29,683|
||||36,454|
6
## Croft House Settlement
## Balance sheet as at 31 December 2022
|**Notes**
**Current assets:**
Balance at bank and cash in hand
Debtors
**3**
**Creditors: amounts falling due**
**within one year**
**4**
**Net current assets/(liabilities)**
**Total assets less current liabilities**
**Total net assets**
**Represented By**
**FUNDS**
Unrestricted income fund
Restricted funds - Defibrillator Project
Building Development fund|**2022**
**£**
35,477
1,740
**37,217**
(3,685)
**33,532**
**33,532**
**33,532**
23,432
100
10,000
**33,532**|2021
£
37,687
2,442|
|---|---|---|
|||40,129
(3,675)|
|||36,454|
|||36,454|
|||36,454|
|||25,284
-
11,170|
|||36,454|
This report was approved by the Council of Management on ____________ and is signed on their behalf by:
Mr Glyn Boyington Hon. Treasurer
Ms Emily Hart Hon. Secretary
7
## Croft House Settlement
## Notes to the accounts
## for the year ended 31 December 2022
## **1 Accounting Policies**
## **(a) Basis of preparation**
The Financial Statements have been prepared in accordance with the the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102), and the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with FRS102 (effective from January 2015 and updated with effect from January 2016) - (the Charities SORP (FRS102)), as modified for smaller charities
The Charity meets the definition of a public benefit entity as defined under FRS102.
## **(b) Donations and fund accounting**
Donations received for the general purposes of the charity are included as unrestricted funds
## **(c) Resources expended**
Expenditure is included on an accruals basis.
- **2 Grants and donations**
|**2**
**Grants and donations**
**Restricted:**
Coop Local Fund
J G Graves Charitable Trust
Awards for All
Hand Scissors Ltd
Sheffield Window Company
**Unrestricted:**
Dixon Pitchfork Charitable Trust Fund
For Good
HMRC Job retention grant
Sheffield City Council
**3**
**Debtors**
Prepayments
**4**
**Creditors; amounts falling due within one year**
These are expenses that have been incurred but have not been billed
during the accounting period. They are in respect of:
Accruals
Accruals and deferred income|**2022**
**Total**
**£**
-
-
5,050
100
999
3,550
-
-
-
**9,699**
**2022**
**£**
1,740
**1,740**
or paid for
**2022**
**£**
135
3,550
3,685|2021
Total
**£**
4,836
5,000
-
-
-
3,550
1,000
887
20,529|
|---|---|---|
|||35,802
2021
£
2,442|
|||2,442|
|||2021
£
125
3,550|
|||3,675|
**8**
## Croft House Settlement
## Notes to the accounts
## for the year ended 31 December 2022
## **5 Council of Management expenses**
- No member of the Council of Management or volunteers received remuneration (2021: nil) and were not reimbursed for any expenses in the year (2021: nil)
**9**