2023-12-31-accounts - Croft House Settlement

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Croft House Settlement

(Registered Charity number 523910)

Financial statements

For the year ended 31 December 2023

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 Settlement 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

Croft House Settlement

Council of Management report

The Council of Management present their report and financial statements for the year ended 31 December 2023

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

2023 has been a successful year for Croft House with increased usage for community activity which is reflected in the income from lettings and club receipts.

Work has been undertaken to maintain the Garden Street building in a safe, usable condition including replacing the fire alarm systems. The Council of Management has set aside a further £10,000 from this year’s excess of income over expenditure towards future building works .

In common with others we have seen increases in the costs of energy but have been fortunate to negotiate contracts that have help to mitigate the increases. We were also fortunate to continue to receive additional relief of our business rates under the Government scheme for Covid 19 recovery in the hospitality and leisure sector.

The Council of Management and all those who use Croft House are again grateful to The Dixon Pitchfork Charitable Trust for their continued financial support . 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.

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

Charit y law re q uires the Council of Mana g ement to p re p are 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

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 2023, 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:______

Croft House Settlement

Statement of financial activities for the year ended 31 December 2023

Unrestricted fund Notes £ Incoming resources Grants and donations 2 3,650 Club receipts 3,780 Letting income 28,420 Other income 300 Investment income 471 Total Incoming resources 36,621 Resources expended Staff costs 9,685 Repairs and renewals 5,972 Light and heating 3,229 Rates and water 1,086 Celebration at the Crofts - Defibrillator Project 899 Insurance 2,928 Telephone 634 Management and adminstration 78 Accountancy 140 Total resources expended 24,651 Net (outgoing)/incoming resources 11,970 Total funds brought forward 33,432 Total funds carried forward 45,402	Restricted fund £ - - - - 0 - - - - - 100 - - - - 100 (100) 100 -	Total 2023 £ 3,650 3,780 28,420 300 471 36,621 9,685 5,972 3,229 1,086 - 999 2,928 634 78 140 24,751 11,870 33,532 45,402	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
			36,069

			(2,923) 36,455
			33,532

Croft House Settlement

Balance sheet as at 31 December 2023

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	2023 £ 43,880 1,662 45,542 (140) 45,402 45,402 45,402 25,402 - 20,000 45,402	2022 £ 35,477 1,740
		37,217 (3,685)
		33,532
		33,532
		33,532
		23,432 100 10,000
		33,532

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

Croft House Settlement

Notes to the accounts

for the year ended 31 December 2023

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 Restricted: Awards for All Hand Scissors Ltd Sheffield Window Company Unrestricted: Dixon Pitchfork Charitable Trust Fund Individual donations 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	2023 Total £ - - - 3,550 100 3,650 2023 £ 1,662 1,662 or paid for 2023 £ 140 - 140	2022 Total £ 5,050 100 999 3,550 -
		9,699 2022 £ 1,740
		1,740
		2022 £ 125 3,550
		3,675

Croft House Settlement

Notes to the accounts

for the year ended 31 December 2023

5 Council of Management expenses

No member of the Council of Management or volunteers received remuneration (2022: nil) and were not reimbursed for any expenses in the year (2022: nil)