## 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
2
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.
**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**
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
**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 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:________________________
5
## 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|
6
## 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
7
## 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|
**8**
## 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)
**9**