REGISTERED COMPANY NUMBER: 04996963 (England and Wales)

REGISTERED CHARITY NUMBER: 1108843

REPORT OF THE TRUSTEES AND

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

CROYDON BME FORUM

Page

Report of the Trustees

1

to

7

Report of the Independent Auditors

8

to

10

Statement of Financial Activities

11

Statement of Financial Position

12

Statement of Cash Flows

13

Notes to the Statement of Cash Flows

14

Notes to the Financial Statements

15

to

29

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The charity's purposes, as set out in its governing document, are to promote the benefit of the residents of the London Borough of Croydon, particularly those from minority ethnic communities. These purposes are fulfilled through activities designed to:

1. Relieve poverty, hardship, and distress.

2. Advance education.

3. Protect and preserve good health.

To achieve these objectives, Croydon BME Forum focuses on:

- Advocating for equality, inclusion, and representation in local decision-making processes.

- Supporting BME voluntary sector organisations in building capacity.

- Empowering communities to access culturally sensitive services and resources.

Core Services and Focus Areas

1. Equality and Cohesion:

- Building bridges within and between communities.

- Promoting good race relations, community cohesion, and equal opportunities.

2. Capacity Building:

- Supporting BME voluntary and community sector organisations to enhance their infrastructure and deliver quality services.

3. Community Empowerment:

- Ensuring BME voices are represented in policy development and service delivery.

Public benefit

We review our aims, objectives and activities each year and, in doing so, the Trustees have taken into account the general guidance on public benefit published by the Charity Commission. In reviewing our aims, and planning objectives and activities to meet them in the future, we consider and evaluate the outcomes of each activity and the impact of our work on our beneficiaries and stakeholders.

The Role of Our Volunteers

At Croydon BME Forum, volunteers are an integral part of our success. Their dedication and commitment play a crucial role in delivering our programmes, supporting our projects, and engaging with the community.

Our Volunteers' Contributions

Over the past year, our volunteers have contributed their time, skills, and energy to a wide range of activities, including:

- Supporting the organisation and delivery of events, such as the Black Mental Health Conference and Cancer Awareness Workshops and the Croydon IAG

- Assisting with administrative tasks and outreach programmes to expand the Forum's reach.

- Engaging directly with community members to provide guidance, signposting, and emotional support.

- Leading workshops and focus groups on health and wellbeing topics, including mental health, nutrition, and fitness.

- Raising awareness of key initiatives through social media campaigns, community events, and one-to-one engagement.

Volunteer Impact

In the past year, our volunteers have collectively contributed over 500 Hours of service, significantly enhancing the capacity of our organisation. Their efforts have directly supported projects such as:

- The Mobile Wellbeing Hubs, offering culturally sensitive mental health support.

- The Wellbeing Advisor Project, where volunteers facilitated workshops on bereavement, anxiety, and financial wellbeing.

- Community events like our Coffee Mornings and Games day, which create spaces for education and connection.

Volunteer Development

We are committed to nurturing and supporting our volunteers by:

- Providing training in areas such as mental health first aid, safeguarding, and community engagement.

- Offering opportunities to develop leadership and organisational skills.

- Recognising and celebrating their contributions at volunteer appreciation events.

A Heartfelt Thank You

We extend our deepest gratitude to all our volunteers for their unwavering support and enthusiasm. Their contributions not only enrich our projects but also strengthen our community.

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

The year has been marked by several notable achievements, reflecting our commitment to reducing inequality and improving the lives of BME communities:

1. Health and Wellbeing Programmes

Cancer Awareness:

- Delivered 40 cancer awareness talks and hosted 25 events in partnership with organisations such as Macmillan Cancer Trust.

- Reached over 70,000 individuals via social media campaigns and engaged 1473 people in one-to-one conversations.

- Organised monthly Coffee Mornings addressing cancer awareness, energy advice, and other community needs.

Ethnicity Mental Health Improvement Programme (EMHIP):

- Launched Mobile Wellbeing Hubs to provide culturally sensitive mental health support in community spaces.

- Recruited a multidisciplinary team, including psychologists and Support Workers, to deliver early-help interventions.

Wellbeing Advisor Project:

- Supported 634 individuals through workshops and one-to-one mental health support sessions.

- Facilitated 24 wellbeing workshops addressing issues such as bereavement, employment, and anxiety.

2. Community Engagement

Core20 Plus5 Initiative:

- Conducted 160 health checks and referred 200 individuals to relevant support services.

- Organised four in-person events and two workshops addressing health inequalities.

Black History Month:

- Collaborated with partners to celebrate and promote Black culture under the theme "Time for Change: Action, Not Words."

Community Hubs:

-Expanded services at the Socco Cheta Community Hub, providing a space for activities such as skill-sharing, health checks, and cultural events.

3. Advocacy and Representation

- Played a central role in the Patient Carer Race Equality Framework (PCREF), collaborating with South London and Maudsley NHS Trust to address racial disparities in mental health care.

- Organised the Black Mental Health Conference, focusing on racial disparities, neurodiversity, and mental health.

FINANCIAL REVIEW

Financial position

31/3/2025

31/3/2024

£

£

Income

1,555,030

1,553,798

(Deficit) / Surplus for the year

(53,368

)

249,024

Fixed Assets

337,348

614

Bank

515,812

749,601

Debtors

381,211

222,213

Current Liabilities

(238,207

)

(175,522

)

Creditors due after more than one year

(252,626

)

-

Net Assets

743,538

796,906

Principal funding sources

The Forum's activities are supported by grants from organisations including:

- Croydon Council

- GSK IMPACT Awards

- South London and Maudsley NHS Trust (SLaM)

- Macmillan Cancer Trust

- Integrated Care Board (ICB)

Reserves policy

The charity maintains reserves equivalent to 3-6 months of operational expenditure to ensure financial stability and the continuity of essential services.

Financial and risk management objectives and policies

We operate a risk management strategy covering all our operations, developed at Board level and cascaded through individual projects. This involves carrying out a detailed risk analysis of the organisation annually and compiling a Risk Register to identify key risks, assess their impact and likelihood, and establish measures to mitigate them.The Trustees review the Risk Register at each Board Meeting to address changing circumstances, ensure that planned mitigation measures have been implemented, and evaluate if the level of risk has changed.

The same approach is taken to risks affecting individual projects. Every project has its own Risk Register, generated through detailed risk analysis at the planning stage, and subject to regular review by the CEO and/or the Board, which covers the particular risks to the project, their impact and likelihood, and specific mitigating actions where available.

Principal risks and uncertainties

The Board of Trustees recognize the key risks that Croydon BME Forum faces which includes the financial risks of not getting funders to continue projects that are successfully piloted and the risk of maintaining a pool of staff that can deliver our projects. The Trustees maintain a risk register.

Key Risks Identified

- Funding Uncertainty: The reliance on NHS and other external funding streams poses a significant risk. With the evolving healthcare landscape and economic pressures, the potential reduction or cessation of NHS funding creates uncertainty for the continuation of key projects, including our mental health and wellbeing initiatives. To mitigate this risk, we actively engage with funders, diversify income streams, and seek additional grant opportunities.

- Staffing Retention: Maintaining a skilled and motivated workforce, including volunteers, is essential for delivering our projects effectively. We address this through robust recruitment, training, and retention strategies.

- Operational Risks: The complexities of delivering multiple community projects require strong governance and project management. We mitigate these risks through regular monitoring and reporting, ensuring that projects are delivered on time and within budget.

FUTURE PLANS

As we look ahead, a significant focus for the coming year will be the renewal of leases for our two key sites: the Wellness Centre, the Croydon Health and Wellbeing Space, These facilities remain integral to delivering our services and supporting the community.

A major development in our strategic vision is the planned acquisition of 56a Mitcham Road (Head Office). We are preparing to purchase the building from Croydon Council, which will allow us to secure this vital space for long-term use. This acquisition is a pivotal step in ensuring the sustainability and growth of our operations, and we aim to complete this process within the next year.

Through these efforts, we are committed to strengthening our infrastructure and enhancing our ability to serve the community effectively.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of new trustees

Trustees are elected at the AGM, after being nominated by a member in good standing of the Forum. During the year the Trustees can co-opt onto the Board in an advisory capacity additional Trustees with required specialist knowledge. Co-opted members serve until the following AGM and are then able to stand for election full members of the board.

Organisational structure

Croydon BME Forum is governed by a Board of six Trustees with expertise in various aspects of organisational management.

Decision making

The Trustees have overall responsibility for the organisation and provide overview, strategic direction and scrutiny for the organization's activities. They appoint and work with the CEO, who has day-to-day operational responsibility for the organisation, ensuring that the organisation delivers on the strategy they have set.

Induction and training of new trustees

New Trustees receive induction training on: their legal responsibilities as a charity trustee; the management and operational structure of the charity; and the key management issues, e.g. policy, personnel, finance, projects and funding matters.

Key management remuneration

The pay of the Chief Executive Officer is set by the Board of Trustees. The pay of the remaining Senior Management team, and staff is reviewed annually by the Chief Executive Officer, in line with market conditions and affordability of the charity, and a proposal is submitted to the Board of Trustees for their approval.

Wider network

Croydon BME Forum is the umbrella organisation for Croydon's Black and minority ethnic (BME) voluntary and community sector. It works to ensure local health and other public services meet the needs of this diverse community. It set up mental health and wellbeing 'hubs' in a shopping center in response to local people saying they had 'nowhere to go' when they had mental health and wellbeing needs. Two further Croydon hub spaces are planned to open in 2024 and 2025.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

04996963 (England and Wales)

Registered Charity number

1108843

Registered office

56a Mitcham Road

Croydon

CR0 3RG

Trustees

P Lewis

V Chandrababu

A Kumar

G Mirza

M Patel

V E Witter

B S Baleera (appointed 1/4/24)

D Smith (appointed 1/4/24)

M S Hayden (appointed 1/4/24)

Chief Executive Officer

Andrew Brown

Auditors

Hartley Fowler LLP

Statutory Auditors

Chartered Accountants

4th Floor Tuition House

27-37 St George's Road

Wimbledon

London

SW19 4EU

Bankers

National Westminster Bank plc

1 High Street

Croydon

CR9 1PD

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Croydon BME Forum for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

Company law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).

Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

-	select suitable accounting policies and then apply them consistently;

-	observe the methods and principles in the Charities SORP;

-	make judgements and estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

-	there is no relevant audit information of which the charitable company's auditors are unaware; and

-	the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.

AUDITORS

The auditors, Hartley Fowler LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

Approved by order of the board of trustees on 8 December 2025 and signed on its behalf by:

P Lewis - Trustee

Opinion

We have audited the financial statements of Croydon BME Forum (the 'charitable company') for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Statement of Financial Position, the Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In our opinion the financial statements:

-	give a true and fair view of the state of the charitable company's affairs as at 31 March 2025 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Report of the Trustees has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of trustees' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit; or

-	the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees.

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We identify and assess risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:

-the nature of the industry and sector, control environment and the charities activities;

-results of our enquiries of management about their own identification and assessment of the risks of irregularities;

-any matters we identified having obtained and reviewed the charitable company's documentation of their policies and procedures relating to:

- identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non -compliance;

- detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud;

- the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations;

- the matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.

As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud. In common with all audits we are also required to perform specific procedures to respond to the risk of management override.

We also obtained an understanding of the legal and regulatory framework that the charitable company operates in. The key laws and regulations we considered in this context included the Charities Act 2011, Charities and Trustee Investment (Scotland) Act 2005, Charities Accounts (Scotland) Regulations 2006, UK Companies Act and tax legislation.

In addition we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the charitable company's ability to operate or to avoid a material penalty.

As a result of performing the above, we did not identify any key matters related to the potential risk of fraud or non-compliance with laws and regulations.

Our procedures to respond to risks identified included the following:

- reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provision of relevant laws and regulations described as having a direct effect on the financial statements;

-enquiring of management concerning actual and potential litigation and claims;

-performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;

-reviewing minutes of meetings of those charged with governance, reviewing internal reports, and

-in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments, assessing whether the judgements made in making accounting estimates are indicative of a potential bias and evaluating the business rationale for any significant transactions that are unusual or outside the normal course of business.

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indication of fraud or non-compliance with laws and regulations throughout the audit.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Jonathan Askew FCA (Senior Statutory Auditor)

for and on behalf of Hartley Fowler LLP

Statutory Auditors

Chartered Accountants

4th Floor Tuition House

27-37 St George's Road

Wimbledon

London

SW19 4EU

10 December 2025

2025

2024

Unrestricted

Restricted

Total

Total

fund

funds

funds

funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Charitable activities

5

Empowering Communities

602,756

753,755

1,356,511

1,371,121

Equality and Cohesion

-

149,683

149,683

111,266

Building Capacity

7,154

-

7,154

46,462

Other trading activities

3

6,702

-

6,702

3,127

Investment income

4

34,980

-

34,980

21,822

Total

651,592

903,438

1,555,030

1,553,798

EXPENDITURE ON

Charitable activities

6

Empowering Communities

565,640

839,284

1,404,924

1,097,604

Equality and Cohesion

67,069

125,327

192,396

191,861

Building Capacity

11,078

-

11,078

15,309

Total

643,787

964,611

1,608,398

1,304,774

NET INCOME/(EXPENDITURE)

7,805

(61,173

)

(53,368

)

249,024

Transfers between funds

19

(86,182

)

86,182

-

-

Net movement in funds

(78,377

)

25,009

(53,368

)

249,024

RECONCILIATION OF FUNDS

Total funds brought forward

529,997

266,909

796,906

547,882

TOTAL FUNDS CARRIED FORWARD

451,620

291,918

743,538

796,906

2025

2024

Notes

£

£

FIXED ASSETS

Tangible assets

12

337,348

614

CURRENT ASSETS

Debtors

13

381,211

222,213

Cash at bank

515,812

749,601

897,023

971,814

CREDITORS

Amounts falling due within one year

14

(238,207

)

(175,522

)

NET CURRENT ASSETS

658,816

796,292

TOTAL ASSETS LESS CURRENT LIABILITIES

996,164

796,906

CREDITORS

Amounts falling due after more than one year

15

(252,626

)

-

NET ASSETS

743,538

796,906

FUNDS

19

Unrestricted funds

451,620

529,997

Restricted funds

291,918

266,909

TOTAL FUNDS

743,538

796,906

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 8 December 2025 and were signed on its behalf by:

P Lewis - Trustee

Cash flows from operating activities

Cash generated from operations

1

(155,103

)

(289,319

)

Interest paid

(1,372

)

-

Net cash used in operating activities

(156,475

)

(289,319

)

Cash flows from investing activities

Purchase of tangible fixed assets

(337,840

)

-

Interest received

1,639

1,374

Net cash (used in)/provided by investing activities

(336,201

)

1,374

Cash flows from financing activities

New loans in year

259,510

-

Loan repayments in year

(623

)

-

Net cash provided by financing activities

258,887

-

Change in cash and cash equivalents in the reporting period

(233,789

)

(287,945

)

Cash and cash equivalents at the beginning of the reporting period

749,601

1,037,546

Cash and cash equivalents at the end of the reporting period

515,812

749,601

1.	RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

2025

2024

£

£

Net (expenditure)/income for the reporting period (as per the Statement of Financial Activities)

(53,368

)

249,024

Adjustments for:

Depreciation charges

1,106

477

Interest received

(1,639

)

(1,374

)

Interest paid

1,372

-

Increase in debtors

(158,998

)

(128,744

)

Increase/(decrease) in creditors

56,424

(408,702

)

Net cash used in operations

(155,103

)

(289,319

)

2.	ANALYSIS OF CHANGES IN NET FUNDS

At 1/4/24

Cash flow

At 31/3/25

£

£

£

Net cash

Cash at bank

749,601

(233,789

)

515,812

749,601

(233,789

)

515,812

Debt

Debts falling due within 1 year

-

(6,261

)

(6,261

)

Debts falling due after 1 year

-

(252,626

)

(252,626

)

-

(258,887

)

(258,887

)

Total

749,601

(492,676

)

256,925

1.	GENERAL INFORMATION

The charitable company is incorporated and domiciled in England and Wales. The address of its registered office is 56a Mitcham Road, Croydon CRO 3RG.The registered number of the company is 04996963. The registered number of the charity is 11008843.

The financial information presented is for the year ended 31 March 2024 and 31 March 2023. The financial information is presented in sterling.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

a) Preparation of the accounts on a going concern basis

The financial statements have been prepared on the assumption that the charity is able to continue as a going concern, which the trustees consider appropriate having regard to the current level of unrestricted reserves, the financial position, future plans and the expected level of income and expenditure for 12 months from authorising these financial statements.The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

b) Significant judgements and estimates

Preparation of the financial statements requires management to make significant judgements and estimates. The items in the financial statements where these judgements and estimates have been made include:

(i) Deferred income. This represents grant income that relates to future accounting periods.

Income

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Income in respect of services provided is recognised when, and to the extent that, performance occurs and is measured at the fair value of the consideration receivable. The main source of contract income for the charity is contracts with the NHS Clinical Care Commissioners and the London Borough of Croydon.

Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant. Income from grants, where related to performance and specific deliverables, are accounted for as the charity earns the right to the consideration by its performance. Grant income relating to a later period is therefore deferred to that period and treated as deferred income in the balance sheet.

Rental income from hall and room hire is recognised when receivable.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Governance costs

Governance costs include those costs incurred in the governance of the charity and include the production of the statutory accounts and the audit of the charity.

Allocation and apportionment of costs

Support costs include all those overhead costs of office, utility services and other services and costs, which are in support of the activity. They have been allocated to activity cost categories on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Plant and machinery

-

20% on cost

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Leasing commitments

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership

remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Cash at bank

Cash at bank includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Debtors

Trade and other debtors are recognised at the settlement amount due. Prepayments are recognised at the invoiced cost prepaid. In relation to trade debtors, a provision for impairment is made when there is objective evidence that the charity will not be able to collect all the amounts due under the original terms of the invoice.

Creditors

Creditors are recognised when the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at the settlement amount.

Financial instruments

The charity only has financial instruments of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Volunteers

A certain amount of time is expended on the charitable company's activities which is donated free of charge. In accordance with Charities SORP (FRS 102), volunteer time is not recognised. Details of volunteer support and services are provided in the trustees' annual report.

3.	OTHER TRADING ACTIVITIES

2025

2024

£

£

Other income

6,702

3,127

4.	INVESTMENT INCOME

2025

2024

£

£

Rents received

33,341

20,448

Deposit account interest

1,639

1,374

34,980

21,822

5.	INCOME FROM CHARITABLE ACTIVITIES

Included in charitable activity income is the following income:

2025

2024

£

£

Contract income:

NHS South West London - MHW Hub

278,907

249,075

NHS South West London - MHPICs

161,272

160,314

NHS South West London - CDW Service

83,522

83,025

London Borough of Croydon - Large Ignite Fund

-

24,000

London Borough of Croydon - Core Infrastructure

-

-

London Borough of Croydon - Partnership Co-ordinator

-

-

London Borough of Croydon - Community Vaccine

-

-

London Borough of Croydon - other contracts

-

-

NHS South West London - Wellness Centre

-

-

NHS South West London - MPPICs - Project Manager and set up

-

-

NHS England and NHS Improvement -

-

-

Facilitating Black African uptake National plan for BABAC organisations

-

-

2,778

-

Total contract income

526,479

516,414

Grant income:

Restricted

NHS - The Ethnicity and Mental Health Improvement Project

280,714

507,166

NHS - Wellbeing Team

51,865

95,570

SLAM (South London and Maudsley)

-

-

NHS/Asian Resource - Long Term Conditions

54,635

38,137

Croydon University - Equality, Diversity and Inclusion Project

36,963

70,666

Croydon University - Maternity Project Grant

24,125

21,000

NHS/RMP Cancer Awareness Project

51,798

34,040

NHS Core 20 Plus

44,797

38,345

Macmillan Cancer Support

170,119

30,883

Kickstart

-

-

The Maudsley Charity Trust

88,595

10,000

Windrush Community

-

1,451

Energy Redress

45,967

41,400

Mayor of London - My Ends Project

-

25,000

NHS South West London Intergrated Care Board - Neurodevelopmental

53,860

9,200

Conditions in Black People in Croydon

903,438

922,858

Unrestricted

The Caribbean African Targeted Health Improvement Programme

-

5,000

GSK Core Funding Grant

-

40,000

AMRO Project Grant

-

8,500

Anti-racism practice learning hub Grant

-

6,025

Asylum Seekers Project Grant

22,500

7,000

Chronic Kidney Disease Grant

-

13,090

Stroke Project

21,183

-

Psychosis Project

22,484

-

Other Grants

17,264

9,962

83,431

89,577

Total grant income

986,869

1,012,435

Total contract and grant income

1,513,348

1,528,849