Charity registration number 1011513 Company registration nurnber 02710775 (England and Wales) CARE AND RELIEF FOR THE YOUNG (TRADING AS CRY) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
CARE AND RELIEF FOR THE YOUNG (TRADING AS CRY) LEGALAND ADMINISTRATIVE INFORMATION Trustees lan Chiddle Katrina Brown Olanike Bamodu Craig Bousfield Mark Scott Secretary lan Chiddle Charity number 1011513 Company number 02710775 Principal address Kings Community Churth Upper Northam Road Hedge End Hampshire Southampton S030 4BZ Registered office Kings Community Church Upper Northam Road Hedge End Hampshire Southampton S030 4BZ Auditor SumerAudit Piper House 4 DLtkes Court Bognor Road Chichester West Sussex P019 8FX Bankers Bardays Business Banking Solenl and Dorset Team PO Box 739 Portsmouth P019AZ Solicitors Gunner Cooke Solicitor5 1 Comhill London EC3V 3ND
CARE AND RELIEF FOR THEYOUNG {TRADING AS CRY) CONTENTS Page Trustees, report Statement of Trustees. responsibilitses 12 Independent aUdit0S report 13-15 statement of financial activities 16 Balance sheet 17 Ststement of cash flows 18 Notes to the financial statements 19-34
CAREAND RELIEF FOR THE YOUNG (TRADING AS CRY) TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023 The Trustees present their report and finanual statemerrts for the year ended 31 December 2023. The financial 5tatemenls have been prepared in accordance with the accounting policÈes set out in note 1 to Ihe financial slalements and comply wilh the charity's Memorandum and Articles of Assouation, the Companies Act 2006 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance wth the Financial Reporttng Standard applicable in the UK and Republic of Ireland {FRS 102)" (effective 1 January 2019). Chairman'3 Review Our endeavours in 2023 to enable education, provide aid. empower girls, support refugees, and improve mental health, continue to see effective oulcomes in 38 nations across the globe. Of the more than £370,000 given to the projects, almost 500/0 was resourcing education. 14Q/o for mental health, and over 10 % to refugee relief. Twenly-four of those nations are across Africa. Southeast Asia, and South America. Seven are Middle Eastern countries and the remainder are in Eastern or Souihem Europe. Local workers and partner organi5ati¢Jns in all these projects work diligently lo offer practical solutions for chitdren and young people. whether poverty stricken or victims ol war and devastation. As in previous years new projects In other nations were accepted on to the CRY portfolio. Additionally, lo combat the inflationary pressures and growing demands, some projects are being given increased amounts and Dur inlenlion is to continue this trend where il is justrfied and effedive. Our commitment lo the mission God has put on our hearts is key lo the favour CRY has experienced over decades now. In Matthew 25'.3440, Jesus says. For I was hungry, 8nd you gave Me food, I was thity, and you gave Me drink, I was 8 slr8nger, arnl you took Me in. I was naked and you clothed Me, I w8s k, and you vi&ted Me. I w8s in prison, and you came to Me. Truly I s8y to you, as you have done it for one of the least of these brothers of Mine, you have done it for Me. We continue to be amazed and thankful for the support base, sponsors, volunteers and staff, that make$ it possible for CRY lo serve vulnerable children. It 15 a mission of faith and hope. The outworking of faith of those called by Christ lo reach out to the lives of everyone loved by God. li is even more a relian on the God who pours out His love and faithful supply, lo birth a hope for a prosperous future in a world struggling lo cope and maintain peace in life. lan H. Chiddle Chaimian July 2024
CARE AND RELIEF FOR THE YOUNG (TRADING AS CRY) TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023 Objectives and activities CRY believes in a world where all children and young people can fuffil their God-given potential. The main activities of the charity in relation to its objects currently indude: Ensbling Education Providing Aid Empowering Girls Supporting Refugees Improving Mental Heafth Public benefit'.- The Trustees have paid due regard to guidance issued by the Charity Commission in deuding what activities the charity should undertake. The trustees of CRY are very aware of the aims of the charty and the mechanisms by which the activilies employed to achieve those aims are operated. This report highlights the aims, the mechanisms, and th8 activities. Apart from the necessary costs of charity Staff, the sole beneficiaries of the work of CRY are children, youn9 people, and their immediate families. who do not have the capability or the resources available lo them in the nomal course of their daily living or situalion. They benefft through the sacrificial giving of Otr$ who do not need the same level of assistsnce to relieve what might be a desperate existence. The beneffts a totslty free to those who receive them. The trustees strongly support the notion that any individual or organisation should not profit from CRY activities or projects, if they have a(5equate reSoUS of their own. Equally, the trustees are not aware of any detriment occurring because of the activities performed, and in all situations where CRY has involvement, the beneficiaries benefit within their social and cultural context. CRY adively works children, young people and their families and especialty through loc31 churches, encouraging them to take responsibility for the care programmes in their own community. CRY enwurages liaison wilh local govemment and other NGOS, invotves and seeks to enhan local communities as well as planning appropriate fijnding strategies for each programme which will encourage self-sufficÈenGy and discourage long temi dependency. Special attention is being gtven to those groups of people wtthin the wider ccfflmunity which are marginalised or discriminated againsL
CARE AND RELIEF FOR THE YOUNG (TRADING AS CRY> TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023 CRY is currently {2023) working in. Afghanistan Albania Armenia Bolivia Bulgaria Burkina Faso Cambodia Egypt Greece Guatemala Guinea Haili Iraq Kurdislan Israel Kenya Laos Lebanon Liber(a Madagascar Myanmar Nepal Nigeria Pakistan Peru Philippines Romania Serbia Sierra Leone South Sudan Syria Tanzania Togo Turkey Uganda Ukraine Vietnam Zlmbabwe Care and Relief for the Young are an intemational Christian children's charity with the mission lo empower children in the wodd's most disadvantaged nations lo rise beyond poverty under Ihe leadership of I[al champions. The particular way in which these objective5 and activities are achieved are detailed below.'- - To provide clothing. food, accommodation, education, medical care and any oiher needs. To provide a safe and secure environment where children and young people can find assistance and develop matUTIty, social skills and education with particular care for the gr0h in the love of God. The relief of children and young people suffering from povety. The charity slrives to empower, and the future focus will continue to be on assisting in the creation of financially selFsupporting rnmmunities by advice, resource and vocational training. We work in 30+ nations to meet the practical, emotional and spiritual needs of the most vulneraue and marginalised children, lo help them grow up in safety. and with the support and resources they need to Survive and thrive.
CARE AND RELIEF FOR THE YOUNG {TRADING AS CRY) TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023 The Trustees have paid due regard to guidan issued by the Charity Commissi¢)n in deodin9 what activities the charity should undertake. Significant activities in 2023 included- Providing practical solthions for children in need (prevention, inter4ention and reintegration). - Expanding and influencing the provision of thildcxre. - Encouraging and supporting families to care for their own children. - Supporting residential childcare programmes where appropriate. Resourcing and supporting sthools, preschools. homework dubs etc. vthich provide education for deprived children and young people. Providing life skills and sexual health education. - Providing and encouraging access to vocational training. - Providin9 appropriate medical assistan to deprived thildren and young people. Resourcing and supporting rehabilitation programmes for children and young people wtth addictions. Supporting children, young people and their families vhlo have disabilities and speual needs. Providing 'Day Centre. type actsvities for thildren and young peoFle induding those wtth disabilities and speaal needs. - Supporting refugees across Europe and the Middle East with shefter, food and medical care. Supporting the development of small business ventures wtih. for example. 'seed funding,, specialist skills etc. whith provided employment for young people and generated income {inrx)me generation will help achieve self- sufficiency of the various care programmes). The charty achieves its objectives by reviewing grant applications from charities and non-govemmental organisations (NGOS) in the relevant county. The management team may accept or Teject the application subject to condrtions. The reupients are selecled with great care and ihe application of the funds is monitored closely by the charity to ensure the optimum achievement of the objectives. An analysis of grants by area is induded in the notes to the Statement of Financial Activilies.
CARE AND RELIEF FOR THE YOUNG (TRADING AS CRY) TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023 Achievements and perforniance We collaborate with native iniliatives to empower children to rise beyond poverty in over 30 nations, mostly across the Global South. These partnerships encompass a wide arTay of organi5ations, inctuding children's homes, schoo15, churches, children's centres, paediatric ctinics. and beyond. In 2023 we held an Education Forum with our partnefs in west Africa all whom are educator5. This was found lo be uselLtI and impacted their work greatly. We plan on broadening this in 2024 for our educational partners across the African continent as a whole and if successful we Mll consider making this a biennial event. We have 5 areas of work we support- Empower Girls Across the world, girls are frequently overlooked and denied the same opportunities as boys. CRY, in collaboration with tts partners. 15 dedicated lo combating gender inequality by providing avenues for higher 8ducation, vocational training, and apprenticeships. alongside offering essential aid and hygiene provisions. Through these inilialives, we strive lo ernpower young women and enable thern to realize their full potential and rise beyond poverty- In 2023 CRY gave a total of £24.3101o partners working in Laos. Guatemala, Bolivia and Liberia to empower girls. Enable Education We understand the importance of education in helping elevate people from poverty. We work with schools lo help with building classrooms, providing fumilure and textbooks, paying teachers and providing hol meals for students who can't afford to pay. With our partners, we empower children and adults with life skills and practical skills such as cooking, sewing, music. and motorbikes lo improve their chanGes of finding employment and increasing their confidence. Through our ne01 of partners, we empower the mosl vulnerable to acces5 education they might otheise be deprived of, while also ensuring they receive essential aid and all the basic necessities every ¢hild deserves. In 2023 CRY gave a total of £178,805 to partners vlorking in Albania. Cambodia. Guinea. Kurdistan, Lao$, Romania, South Sudan, Togo, Ukraine. Zimbabwe. Pakistan, Vietnam, Uganda, Hatti. Kenya, Sierra Leone. Nepal, Afghanistan and Tanzania to enable education. Improve Mental Health Through our partners, we Improve children's mental health by helping them process and overcome trauma caused by their personal armStanCes, war, nalural disasters. or their history. Our efforts indude healthy mind-relaled CQUTses, a discipleship programme that incorporate5 counselling and Irauma-informed therapies, and providing access to sporting, educational, and recreational activities. Additionally. we improve mental health by facilitating access to profes%onals such as social workers, doctors. psychologigts, lawyer5, and trained religious leader5. In 2023 CRY gave a total of £51,769 lo partners working in Albania, Bulgaria, Egypt, Serbia, Madagascar, Peru and Kenya to improve menlal health. Support Refugees en children become refugees. they frequently lack the physical and emotional support necessary lo shield them from harm. Through a variety of partner inrtiatives worldwide, we offer safe spaces for rest. nourishment, clothing, and play. These projects also provide educational opportunities, life skills training, and spiritual and emotional care for refugee children. helping them rebuild their lives with dignity, and hope to rise beyorid poverty. In 2023 CRY gave a lolal of £39,328 to partners wcwking in Iraq, Myanmar. Gree, Turkey and Burkina Faso lo support refugees. 5. ProvideAid Across all our projects, our partners provide aid to children and their families who need il the most. Through them, we are able lo offer nutritious meals and food pad(age5 to families." access lo health care and clean water for those who lack it, and general provision of aid.
CARE AND RELIEF FOR THE YOUNG (TRADING AS CRY) TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023 Each of the area5 of the work we support (improving mental health. supporting refvgees, empowering girls and enabling education), is a provision of aid to the children. This varies from project to project, but our heart is to ensure all the children's needs are met, to see them rise beyond povety. which indudes, but is not limited to. physical aid. For some projects, physical aid provision is one of their primary focuses.. for others it encapsulates all that they do. In 2023 CRY gave a total of £77,378 to pathers worknng in Arnienia. Philippines. Israel, Lebanon and Syria to provide aid. Fundraising a¢tivities Various sponsored events were participated in over the year )Mth staff and supporters alike joining Tuns and "Tough Muddert events along with football toumaments to raise funds ft)r CRY. We have also continued to rety both on the generosty of our regular supporters and the work of the CRY Iradlng team. CRY Jersey For many years CRY Jersey has been established as a tharty in the Channel Island of Jersey. The dedicated team of slaff and volunteers operate fvio charity shop$ in St Heller and engage in fundraising activities. These indude events stsch as Ihe AppntiCe Challenge. based on the long running IV show where o local sthools run a shop for a day to see who is the most successful. with 811 profits goin9 to CRY Jersey. other events include a sponsored walk and bagging shopping at supermat*ets. CRY Jersey is very muth part of the CRY famity and the surplus that their activtties generate is used to support the work we cary out. In 2023 CRY Jersey contribthed 8 total of £95.103 (£72,OCQ general donation and £23,103 to specific projects) to CRY UK'S work for whith we are mosl grateful. They also cary out their own grant funding projects from time to time and in 2023, they raised £3,000 for a spe(ial care baby unit in Zambia and £5.000 to pay for some walkways in the Philippines, which WFII be reported on in Iheir own accounts.
CARE AND RELIEF FOR THE YOUNG (TRADING AS CRY) TRUSTEES. REPORT {CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023 CRY Trading 2023 saw a lew changes to the Trading arm of CRY. We made the deosion to dose our shop in Cosham. We had been on a 6 month nots'ce period with the Landlord, so exiling the shop did not incur additional costs. Additionally, the Manager had resigned, and we were able to move the Deputy Manager to Dne of our other shops. This meant there was no redundancy. The shop had only relumed approx. £5k gross profil each year for some time and was now showing signs of losing that due lo reducing sales. The year ended with our sales and profits exceedin9 budgel retuming an additional profit contribution of £60k over budget. We noticed how the cost-of-living cnsis was affecting our sales as the year drew lo a dose and anticipate this biling harder into 2024. We Gontinue to roll out CCTV in the shops to offer staff more protection and reduce theft. Shops Ihat have already had this installed have seen tangible improvements. There are continual issues regards the maintenance 8nd repairs of our shops, finding tradesman to make repairs is proving more dfficult as ihey aré in sud) demand. Il's noticeable how labour and malerials have increased in cost. 2024 will be a challenging year bul we will be doing our utmost to maximise sales and control costs. Approximately 70 volunteers work part lime lor the charity. the majority of Ihese working in CRY'S charity shops. These volunteers carry out various roles for differing periods of ts'me. Typical job functions inciude working on Ihe tills, customer services, presentation of the shop's retail area and sorting and pricing in the back offices. In addition the Charity provides work experience for many who need it. They are truly a valuable and essential asset to CRY. Flnancial revlew The charity essentially supports projects based overseas and partnered by associales in those nation5. Our support is dependent on our ability to service an agreement wilh Ihe5e partners. Ea¢h project is reviewed annually and renewed in line with our budgei for Ihe next 12 months. Income is generated through a vartely of channe15 and not tlependent on one method or source only. The likelihood of all income channels failing al the same time is not antictpated. and our strategy for balancing these income routes is paramount lo our lund-Taising policy. CRY does not hold any assets that can be disposed of io raise new funds. The Board of Trustees are very satisfied with the performance of the charity during the year and ils position at 31 December 2023 and consider that the charity is well placed to continue its activities during the corrmng year, and that the a55els are adequate to fulfil its obligations. The Statement of Financial Adivities show lolal incoming resources for the year 01 £1,283,493 (£1,347,153 in 2022} and total reSoUS expended of £1,314,749 (£1,232.139 in 2022). making net outgoing resources of £31 ,256 (incoming of £115,014 in 2022). The total reseNes at the Year End sland at £582,241 {£613.497 in 2022) of which £552,544 <£588,040 in 20221 are unrestricted and £29.6g7 {£25,457 in 2022) are restricted.
CARE AND RELIEF FOR THE YOUNG (TRADING AS CRY) TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023 Reserves policy The chartty needs reserves so that it can continue its operations in the event of an unforeseen srtIall in income or increase in costs. This is important in order that we can continue to support our project partners. whilst also paying all our fixed costs. It is therefore the policy of the charity that unrestricted funds whith have not been designated for a spe(ific use should be maintained at a level equivalent to between 3 and 6 month's expenditure {beeen £310,403 and £620.8061. The Trustees consider thal reseNes at this level will ensure that, in the event of a significant drop in fvnding, they will be able to continue the thartty's current activitses whilst consideration is given to ways in which additional funds may be raised. On 31st December 2023. the charity's unrestricted lunds of £552,544 meets both the notional minimum of three months expendtture as well as our own speCifilEY calculated requirement of £172,000. This figure is reached by taking into consideration our shop rents at £25,121, salaries at £92,146, redundanues at £46,479 and an average of the monihty bills at £8.254. The chafily will endeavour to keep the resetves buift up to this level over the coming year to meet the requirement5 of the reserves policy by strengthening and diversifying our donor base and focusing our efforts on the profftabilty of our retsil base. The principal funding sources in the year were= - CRY Charity Shops {inc. Jersey) - Most shops perfornied at expected levels. but are under Constant review. - Project Sponsorship - Projects ¢an be sponsored, allowing donors to tsrget their giving - Donations and legaeS were received amounting to £367,410 {£478.204 in 2022) - Applications to Grant-making Trusts CRY supports both medium term and short discrete projects by way of one-off ad-hoc grants, ontroff annual grants and oTrgoing fijnding. To some extenl the charity can vary its level of support depending on rts level of income, although with the medium-term projects, especially those involving the residential re of thildren, regular financial support can be qutte critical to their continued operation. The tharity's sponsorthip programmes and income through shop trading help to provide this stabilty. Our expenditure in 2023 has met the objects of the charity as set out in the governing document. The Truslees identify the major risks each financral year through the pparatIOn and update of the strategic plan relating to the operations and reSoUrS of the charity, cash flow projections on income and expendrture and in- year bLJd9etary control mechanisms. Risks are idenlified, prioritised and managed in accordance with current policy, future plans and within available Ipabilty and resource constraints. A principle risk is that tradin9 in our shops suffers due to economic circumstances, although the nalure of our business and pricing policy will greally moderate for this eventuality- CRY has in pla a regular news communication to our supporters and sponsors and values all who offer vital support.
CARE AND RELIEF FOR THE YOUNG (TRADING AS CRY) TRUSTEES. REPORT (CONTINUED){INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023 Plans for the future The primary target is to continue to review the needs of funded projects and respond accordin9ly . We have looked lo optimise our sUPPOrt for some of them in 2024 as their needs have been exacerbated by the cost-of- living crisis that ha5 struck worldwide but has hit the most needy the hardest. Of course we will continue to support new initiatives when possible. Many of these are linked strongly to local churches, and yield more efficient retuins for the beneficiarie5, because the project is essentially owned by the partner on the ground. CRY comes alongside lo factlitate the work they do. These prcyect types are also likely to be more sustainable for the longer term than projects that CRY may directly initiate, which is why this is not something that we now do. CRY'S objectives have been to care for and protecl children and young people in greatesl need. Many ol these have had the opportunity to experience love, affection and security for the first time in their lives and it is this outcome which CRY wishes to conlinue to provide. Our 8mphasis on serving the pooresl of the poor will remain. The demand for our project support and expertise continues to grow, and the charty plans to increase support significanlly in years to come and provide exlra finanaal stability. Alongside the direct care of children and thr families, recent experience has Shown the benefits of providing finance occasionally lo enable projects lo set up programmes which will provide employment. income and self- sulficiency. CRY'S obieclive will always be that of discouraging dependency on "aid" and, in this context, development of seed fundinglbusiness loans wll be considered as viable options in conjunction with our sister microfinance charity, SEED. The expansion of shops will be pursued when encouraging opportunities present themselve5 but this is not a priority. Structure, governance and management The full name of the charity is Care and Relief for the Young. The charity is also known by the name CRY. The charity is a company limited by guarantee (incorporated 29 April 1992) and is therefore govemed by Memorandum and Artides ofAssoaalion. There are reslriclions in the charity's activilies imposed by its MeTnorandum and Articles. The Trustees, who are also the directors for the purpose of company law, and who served during the year and up lo the dale of signature of the financial statements were.. lan Chiddle Katrina Brown Olanike Bamodu Craig Bousfield Mark Scott Simon Robertson Raymond Chow Jamie Harding (Resigned 31 December 2023) (Appointed 17 April 2023 and resigned 21 June 2024) (Appointed 4 Seplernber 2023 and resigned 5 April 2024) At the Annual General Meeting one third of trustees retire, but are eligible for reappointment. Prospective trustee5 are recommended and interviewed by the current Board to assess their particular interest. skills. experience. area of expertise and their potential contribution. Appointment Is approved by the Board of Truslees. None of Ihe Trustees ha5 any beneficial interesl in the company. All of the Trustees are members d the company and guarantee to contribute £1 in the event of a winding up.
CARE AND RELIEF FOR THEYOUNG (TRADING AS CRY) TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023 The charity has a Board of Trustees and a Senior Management Team. The Senior Management Team is responsible for the day-ttrday operation of the tharity and making executive decision5 WFthin the policy and framework established by the Trustees. The Senior Management Team meets on a monthly basis. The Board of Twstees meets at least quarterly and a member of the Senior Management Team attends if required. The Board of Trustees is wmprised of seven TrusteeslDirectors who at year end were lan Chiddle (Chair and Secretary), Katrina Brown, Craig Bousfield. Olanike Bamodu, Mar* Scott Raymond Chow and Jamie Harding. The TrusteelDirectors are responsible for estsblishing the policie5, framework and guidelines for the operation and direction of the charity. They are slewards of the Charity and responsible for its govemance. The Senior Management Team comprised of Chrislopher Tait (Chief Executive Officer), Aimé Gotte (Projects Development Manager), Wendy Clark (Finance Manager), Keziah Biennan (Charrty Operations Manager), Jeffrey Moss (Retail Operations Manager). The Senior Management Team meel regularly to discuss and lake executive decisions in accordance wrih the delegated authority given by the Board of Trustees. New Trustees are encouraged to familiarise themselves with the Memorandum and Artides of Assouation, the policies, aims and objectives of the charity. the projects and to meet members of the Management Tearn and the stsff of the shops, and to familiarise themselves with the "Hallmarks of an Effective Charity" (CC10 document produced by the Charities Commission). also the "Good Govemance" document produced by the NCVO. Remuneration criteria for key management indudes the following - Salary levels are in excess of the minimum living wage, whith is the lowesi level that any CRY employee will receive. Importance is plad on the Chief Executive Officer and the teamwork of the key managers, recognising that each has an equally signrficant part in the success of CRY. The Charity also receives funding from Care and Relief for the Young Jersey (CRY Jersey), a charity regislered in Jersey. CRY Jersey has separate Trustees and was established to raise additional project and operational funds from the Channel Islands. King's Community Church {Southampton) offers support through offices, facÉlities, some occasional funding and volunteers. Most of the tharivs project P8rtners are registered non-profft organisations. Asset cover for funds The Board of Trustees is satisfied that the charity's assets in each fund are available and adequate to futfil its obligations in respect of each fund. Relationships King's Communty Churth (Southampton) - Intemational Outwth Seedfund Ltd Irading as SEED - Microtwsiness Charity Relationships with other Agencies CRY has always worked wth like-minded partners in the various cfjuntries where a need has been identrfied. Most of these partners have been local thurches that have or are building Telation5hips with Ktng's Commun'ty Churth (Southampton). In a few counlries, CRY currently works with other Christian foundations. This prinaple is paramount to CRY'S work. It is therefore important to restate that CRY will onty partner like-minded foundations that have the complete trust and Ce)nfiden of the CRY ExerArtive ITrustees. Review of current projects CuThent projects are regulaty reviewed and as part of this pro$ the principles relating to CRYS emphasis on seff-sufficienry and targeting the poorest of the poor are applied. Ead) project is expeded to confirm that tt aim5 to support those in most need and is actively develowng strategies for self4ufficiency. Three year rolling plans are prOdUd for each project where there is on-going revenue supporL 10-
CARE AND RELIEF FOR THE YOUNG (TRADING AS CRY) TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023 Auditor The auditor, Stjmer Audil (forrnerty Jones Avens), is deemed to be reappointed under section 487{2) of the Companies Act 2006. Disclosure of infomiation to auditor The Irusteeldireclois have confirmed that there is no infomiation of which they are aware which is relevant to the audit. bul of which the auditor is unaware. They have further confinned that they have taken appropriate steps to identify such relevant information and to establish that the auditors are aware of such information. This report ha5 been prepared in accordance with the special provisions relating to small companies within Part 15 of the Cornpanies Act 2006. The Trustees. report was 8pproved by the Board of Trustee5. lan Chiddle Trustee Oaled.
CAREAND RELIEF FOR THE YOUNG (TRADING AS CRY) STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2023 The Trustees, who are also the directors of Care and Relief For the Young for the purpose of company law, are responsible for preparing the Trustees, Reporl and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (UnÈted Kingdom Generally A¢pIe(l Accounting Practice). Company Law requires the Trustees lo prepare finanual statements for each financial year which gtve a true and fair view of the stste of affairs of the charity and of the incoming reSoUrS and application of resources, induding Ihe income and expenditure, of the charitable company for that year. In preparing these finanual ststements, the Trustees are qUIred to.. - select suitable accounting policies and then apply them consistenty, - observe the methods and prinaples in the Charities SORP. - make judgements and estimates that are reasonable and pru¢YenL state whether applicable UK Accounting Standards have been followed. subject to any material departUfe$ disclosed and explained in the financial statements,. and prepare the financial statemenls on the going conrn basis unless it is inappropriate to presume thal the Charity will conlinue in operation. The Trustees a responsible for keeping adequale accounting records that disdose with reasonable accuracy at any time the financial position ofthe tharity and enable Ihem to ensure that the financial statements comply with thé Companies Act 2006. They are also responsible for safeguarding the assels of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other IgUlarIties. 12-
CARE AND RELIEF FOR THEYOUNG
(TRADING AS CRY)
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF CARE AND RELIEF FOR THE YOUNG
Opinion
We have audited the financial statements of Care and Relief For the Young (the 'charity') for the year ended 31
December 2023 which comprise the statement of financial activities, Ihe balance sheet, the statement of cash flows
and notes to the financial statements. induding significant accounting policies. The financial reporting framewo
that has been applied In their preparation is applicable law and United Kingdom Accounting Standards, including
Financial Reporting Standard 102 Th8 Financial RertIng standa applicable in the UK and Republic of Iland
(United Kingdom Generally Accepted Accounling Practice).
In our opinion. the financial statements..
give a true and fair view of the slate of the charitable company's affairs as at 31 December 2023 and of its
incoming resources and application of resources, including its income and expenditure, for the year then
ended,
have been propedy prepared in accordance th United Kingdom Generally Accepted Accounting Practi.,
and
have been prepared in accordanrR with the Tequirements of the Companies Act 2006.
Basls for oplnion
We conducted our audit in accoydance with Intemational Standards on Auditing (UK) IISAS
CAREAND RELIEF FOR THE YOUNG {TRADING AS CRY) INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF CARE AND RELIEF FOR THE YOUNG Matters on which WE are required to report by exception In ihe light of the knowledge and understanding of the chaiity and its environment obtsined in the course of the audit, we have not identthed malerial misstatements in the directors. report induded within the Trustees, report. We have nothing to report in respect of the following matters in rdatton to whith the Companies Act 2006 requires us to report to you if. in our opinion- adequate accounting records have not been kept. or retums adequate for our audit have not been reiVed from branches not vistted by us., or the financial Statements are not in agreemenl with the accounting records and retums.. or certain disclosuS of trustees. remuneration spectfied by law are not made; or we have not reiVed all the InfOa"On and explanations we require for our audit- or the Trustees were nol enlilled lo prepare the financial slatements in accordance with the small companies regime and take advantage of the small companies, exemptions in preparing the Trustees, report and frorn the requirement to prepare a strategic report. Responsibilities of Trustees As explained more fully in the ststement of Trustees, responsibilities, the Trustees, who are also the directors of the charity for the purpose of company law. are responsible for the preparation of the financial statements and for being satisfied that they give a tnje and fair view, and for suc*t intem81 control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misststement, whether due to fraud or error. In preparing the finanaal stalements, the Trustees are responsible for assessing the charity's ability to continue as a going concem, disdosing, as applicable. matters lated to going toncem and using ihe going concem basis of accounting unless Ihe Truslees either intend to liquidate the charitable company or to Gease operations. or have no realistic altemats've but to do so. Audttorfs responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assuran about whether the finanaal statements as a whole are free from material misslatement. whether due lo fraud or error, and lo issue an auditor's report that indudes our opinion. Reasonable assurance is a high level of assuran but is not a guarantee that an audil conducted in accordance with ISAS (UK) will always detect a material misslatement when tt exists. Misstatements can arise from fraud or error and are considered material rf, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these finanaal statements. Identification and assessment of irregularities including fraud Irregularrties, induding fraud, are instances of noTrcompliance with laws and regulations. We designed procedures in line wtth our responsibilities. ouJined above, to detect material misstatements in respect of iffegularits'es, induding fraud. The extent to which our procedures were capable of detecting irregulaiities, induding fraud is detsiled below.. we focused on specific laws and regulations we considered may have a direct rnaterial effect on the finanoal statements or the operalions of the tharity. induding The Companies Act 2006. we obtsined an understanding of the legal and regulatory framework applicable to the entity and how the entity is complying with that framework by making appropriate enquiries of management as well as considering the intemal controls in place to mitigate risks of fraud and non-compliance with laws and règulations; we made enquiries of those charged hth govemance and management 0)nrnIng.. the risks of fraud", instances of non-complian with laws and regulations or knowledge of actual. suspected. or alleged fraud is documented during the period- we allocated an engagement team that we considered (xilledively had the appropriate competence and capabilities to identify or recognise non-compliance with laws and regulats"ons. 14-
CARE AND RELIEF FOR THE YOUNG (TRADING AS CRY) INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF CARE AND RELIEF FOR THE YOUNG Audit response to the risk of irregularities includlng fraud Based on the resulis of our risk assessment. our procedures included, but were not limited to.. performing analytical procedures to idenlify any unusual or unexpecled felalionships. evaluating whether the selection and application of accounting poliaes by the entily that may be indicative of fraudulent financial reporting resulting from managemenl's effort to manage earnings. assessing whether iudgements and assumptions made in determining the accounling estimates set out in note 2 were indicative of potenlial bias. agreeing financial statement disdosures to underlying supporting documentation. reading the minutes of meelings of those charged with govemance. testing ofjournal entries to address the risk of fraud through management override. incorporating an element of unpredictability in Ihe selection of the nature. ts'ming, and extenl of our audit procedures. Conclu8lons regardlng the risk8 of irregularities including fraud There are inherent limitations in our audit procedures described above. The mole removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Material misstatements that arise due to fraud can be harder lo detect than those that arise from error as they may involve deliberate concealment or collusion. A further descrlption of our responsibilities is available on the Financial Reporting Council's website at.. https'.11 www.frc.org.uklaudilorsrespon5ibilities. This description fomis part of our auditorfs report. 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 Ljndertaken so thai we might slate lo the charilaNe company's members those matters we are required to slate lo them in an auditorfs 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 charilable company and the charilable company's members as a body. for our audit work, for thi5 report, or for the opinions we have formed. Robin Evans BA FCA CTA (Senior Statutory Auditor) for and on behalf of Sumer Audit Chartered Accountants ststutory Auditor Piper House 4 Dukes Court Bognor Road Chichester We51 Sussex P019 8FX SumerAudit is a trading name of SumerAuditco Limrted 15-
CARE AND RELIEF FOR THE YOUNG (TRADING AS CRY) STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestricted Restiicted funds funds 2023 2023 Total Unrestricted Restricted funds funds 2022 2022 Total 2023 2022 Notes Income from: Donations and legaaes Other trading activities Investments 290,032 912.007 4.076 77,378 387.410 912.007 4.076 305,143 868,439 510 173.061 478,204 868.439 510 Total income 1,21X.115 77.378 1,283,493 1.174,092 173,061 1.347.153 Expenditure on: Raising fund8 Charitsble activiknes 796,851 444.760 796,851 517,898 729,306 319.885 729.306 502,833 73,138 182,948 Totsl expenditure 1,241,611 73,138 1.314,749 1,049.191 182,948 1,232,139 Net Incomellexpenditure) and movement in funds (35.496) 4,240 (31,256) 124,901 (9,887) 115,014 Reconciliation of funds: Fund balances at 1 January 2023 588,040 25,457 613,497 463,139 35,344 498,483 Fund balances at 31 December 2023 552,544 29,697 582,241 588,040 25,457 613,497 The stalement of financial activities indudes all gains and losses recognised in the year. All income and expenditure derive from continuing 8Ctivities. 16-
CARE AND RELIEF FOR THE YOUNG (TRADING AS CRY) BALANCE SHEET AS AT 31 DECEMBER 2023 2023 2022 Notes Fixed assets Tangible assets 14 33.645 25,328 Current assets Stocks Debtors Cash at bank and in hand 15 16 1.368 70.290 521,224 69,530 568,082 592,882 637,612 Creditors: amounts falling due wlthin one year 17 (43,409) (47,6891 Net current assets 549,473 589,923 Total assets less current liabilities 583,118 615,251 Provisions for Ilabilities (87n (1.754) Net assets 582,241 613,497 The fund3 of the charity Reslricled income funds Unrestrict8d funds 20 29,697 552,544 25,457 588,040 582,241 613,497 These financial statements have been prepared in accordan with the provisions apICable lo companies subject lo the small companies Tegime. The finanaal statements were approved by the Trustees on lan Chiddle Trustee Company registration number 02710775 (England and Wale5J 17-
CARE AND RELIEF FOR THE YOUNG (TRADING AS CRY) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 Notes Cash flows from operating activities Cash (absorbed by)Igenerated from operations 25 (31.130) 109,257 Investing activities Purchase of tangible fixed assets Interest received (19.804) 4,076 {14.310) 510 Net cash used In investing activities (15,728) (13,800) Net cash used in financing activities Net (decrease)fincrease in cash and ¢ash equivalents (46,858) 95,457 Cash and cash equivalents at beginning of year 568,082 472,625 Cash and cash equlvalents at end of year 521.224 568,082 Relating to: Cash at bank and in hand 521,224 568,082 18-
CARE AND RELIEF FOR THE YOUNG (TRADING AS CRY) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting policies Charity infonnation Cafe and Relief For the Young is a prtvale company limited by guarantee incorporated in England and Wales. The regi5teTed office is King5 Community Church. Upper Northam Road. Hedge End, Hampshire, Soulhampton, S030 4BZ. 1.1 Accounting convention The financial statements have been prepared in accordance with the charity's governing document, the Companie5 Act 2006 and "Accounting and Reporting by Charities". Slatement of Recommended Practice applicable lo charities preparsng their accounts in accordance with the Financial Reporting Standard applicable the UK and Republic of Ireland IFRS 102)° (effective 1 January 20191. The charity is a Public Benefit Entity as defined by FRS 102. The financial statements are prepared in slerling, which is the funrtional currency of the charity. Monetary amounts in these financial statements are rounded to the nearesl £. The finan81 statements have been prepared under the historical cost convention. The prrncipal accounting policies adopted are set out below. 1.2 Going concem At the time of approving Ihe financial slatements. the Trustees have a reasonable expectats'on that the charity has adequate resources to continue in operab'onal exislence for the foreseeable future. They have considered relevant information such as forecasts, budgels and business plans and they hold monthly management meeting5 to review financial perfom8nce, cash flow and any emerging risks. Thu5 the Trustees continue lo adopt the going Concern basis of accounting in preparing the financial 5tatemenls. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the Trustees in fiJrtheran of their charitable objectives unless the funds have been designated for other purposes. Restricted funds are subject to specific conditions by donors as to how they may be used. The purSeS and uses of the restricled funds are set oul in the notes lo the accounts. 11 is the policy of the board of trustees to carefully monitor the application of those funds in acrdanCe with Ihe restrictions placed upon them. There is no formal policy of transfer beeen funds or on the alk)cats'on of funds to designated funds, olher than that described above. Any other proposed Iransfer between funds would be considered on the particular cirujmstances. 1.4 Incoming resources Income, including grarrts, is recognised when the charity is legalty entitled to it after any perfomiance conditions have been mel. the amounts can be measured ieliably. and il is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charlty has been notified of the donation, unless performance condrtions require deferral of the amount. Income lax recoverable in relation to donations received under Gifl Aid or deeds ()f covenant is recognised at the time of the donation. Legacies are recognised on reIpt or otheise rf the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. 19-
CARE AND RELIEF FOR THE YOUNG (TRADING AS CRY) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting policies (Continued) The sale of new and donated goods 15 recognised as income when sold. The gift aid on the income from donated goods is recognised a5 income when the goods are sold. 1.5 Resources expended Expenditure is recognised once the is a legal or constnjctive obligation to transfer economic benefit to a third party. rt is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. The policy for induding ttems thIn the relevant aGtNity calegofies of resources expended is to apply costs to the appropriate calegory where identified and to apportion overheads on aft appropriate basis. The costs of raising 8nd generating funds shall include the costs of fundraising events. approprlate proportion of administration salaries and the shop overheads and staffing. Charitable expenditure shall indude all expenditure diredy related to the objects of the charity and includes grants. It also indudes support costs and governan costs relating to the obi'ecls of the charity. The Charity receives grant applications from a number of dient organisalions. The board may accept or reject the application or accept the application subject to condttions. Although there is no legal liability to pay any grant to any organisation. and after approval. it is open to the board to wthdraw an approval already granted, either before or after payment of a grant the accounting trealment is to ueate a creditor for grants relating specifically to the clients activities in the curTent financial year of the tTUStees imrnediately upon approval, and to indude grants relating to actiV.eS in subsequent financial years as finanoal commitments. At 31 December 2023 there were £nil of such grants approved and unpaid. The comparaltve figure for 2022 was £nil. Goveman¢e costs shall indude all expenditijre dirediy related to the cornpliance with charitable and statutory requirements, There are a number of costs, induding staffing costs, where li is impracticable to allocatè these costs pciSelY beeen raising fund5, trading and support for chaiitable a¢tivffjes and the truslees have allocated such costs on the basis of reasonable estimates as follows.'- Staffing costs and related expenses On the basis of salary costs, and hours spent on different activr(ies. Premises costs and relaled expenses On the trustees estimate of space allocaled to different activities. 1.6 Tangible fixed assets Tangible fixed assets are initialty measured at Cost and subsequently measured at cost or valuation, net of depreuation and any impairment losses. Tangible fixed assets are ststed at cost less depreoation. Items of less Ihan £100 are not capitalised. Depreciation is provided at rates calculatsd to write off Ihe cost less estimated residual value of each asset over its expected useful life, as foll(wts= Fixtures. fittings & equipment 25% reducing balan The gain or loss arising on the disposal of an asset is determined as the difference betsveen the sale proceeds and the carrying value of the asset. and is recognised in the statement of finanual activities. -20-
CARE AND RELIEF FOR THE YOUNG (TRADING AS CRY) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting policies (Continued) 1.7 Impainnent of fixed assets At each reporknng end dale, the charity reviews the carrying amounts of ils tangible assets to determine whether there is any indication that those assets have suffered an impairment 105s. If any such indration exists, the recoverable amount of the asset is estimated in order to detemiine the extent of the impairment loss lif any). 1.8 stocks Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and. where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Ilerns held for distribution at no or nominal consideration are measured the lower of replacement cost and cost. Net realisable value is the eslimaled Selling price less all estimaled costs of completion and costs to be incurred in marketing, selling and dislribtjlion. 1.9 Cash and ¢08h equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. 1.10 Financlal Instruments The charity has elected to apply the provisions of Seclion 11 '8asic Finanaal In5tTuments' and Section 12 'Other Financial Instfuments Issues, of FRS 102 to all of ils financial instruments. Financial instruments are recognised in the ¢hariVs balance sheet when thè ¢harity becomes party to the contractual wovisions of the instrument. Financial asse15 and liabilities are offset, wilh the net amount5 presented in the financial slalemenls. when there is 8 legally enforceable right lo set off the recognised amounts and there is an intention to settle on net basis or to realise the 8sset and settle the liabilrty simultaneously. Basic financial assets Basic financial assets. which include debtors and cash and bank balances, are initially measured at transaction price including transaction cosls and are subsequently caffied at amortised cost using the effective inleiest method unless the arrangement constitutes a financing Iransaclion, where the transaction is measured at the present value of the future receipts discounted al a rnarket rale of inlere5t. Financtal a$$e15 classified as receivable wilhin one year are not amortised. Basic financlal liabilities Basic financial liabilities, including creditors and bank loans are initially recognised al transaction price unless the arrangernent constrtutes a financing transaction, where the debt inslrumenl is measured at the present value of the future paymenls discounted al a market rate of interest. Financial liabilities da5sified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or seiCe$ that have been acquired in Ihe ordinary course of operations from suppliers. Amounts payable are dassified as Cuent liabilities rf paymelll is due within one year or less. If not, they are presented as non-currenl liabilities. Trade credttors are recognised initially at transaction price and subsequenily measured at amortised cost Using the effective interest method. Derecognltlon of financial liabilities Finanaal liabilities are derecognised when the tharity's contrathal obligations expire or are discharged or canTrlled. 21
CARE AND RELIEF FOR THE YOUNG (TRADING AS CRY) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting policies (Continued) 1.11 Provisions Provisions are recognised when the tharTty has a legal or construcknve present obligation as a result of a past event, it is probable that the charity will be qUired to settle that obligation and a reliable estimate can be made of the amount of the obligation. The amounl cOgniSed as a provision is the best estimate of the consideration required to settie the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation. Where the effect of the time value of money is malerial, the amount expected to be required to settle the obligation is recognised at present value. en a provision is measured at present value. the unwinding of the discount is recognised as a finance cost in net incomel(expenditure) in the period in which tt arises. 1.12 Employee benefits The cost of any unused holiday entitlement is remgnised in the period in leh the employee's services are received. Termination benefits are rèts)gnised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or lo provide temiination benefrts. 1.13 Retirement beneffts Payments to defined contrtbution retirement benefft schemes are th8r9ed as an expense as they fall due. 1.14 Leases Leases are dassffied as fin8nce leases whenever the tems of the lease transfer substantialty all the risks and rewards of ownership to the lessees. All other leases 8re dassified as operating leases. Assets held under finance leases are recognised as assets at the lower of the assels fair value at the date of inception and the present value of the minimum lease payments. The related liabilty is induded in the balance sheet as 8 finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to net incomel(expenditurel for the year so as to produce a constant periodic rate of inlerest on the remaining balance of the liabilty. Rentals payable under operating leases. induding any lease incentives received, are charged as an expense on a str8ight line basis over the lem of the relevanl lease. 1.15 Winding up or dissolution of the charlty If upon winding up or dissolution of the chaiity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity. Critical accounting estimates and judgements In the application of the charitys accounting poliues. the Trustees are required to make judgements. estimates and assumptr'ons about the carying amount of assets and liabl1'eS that are not Teadily apparent from other sources. The estimates and associated assumpts'ons are based on historical experience and other factors that are considered lo be relevant. Actual results may differ from these estimatps. The estimates and underlying assumpts'ons are reviewed on an ongoing basis. Revisions to aruntIng estimates are recognised in the period in which the estimate is revised where the revision affects fflly that period, or in the period of the revision and future periods where the revision affecls both current and future periods.
CARE AND RELIEF FOR THE YOUNG (TRADING AS CRY) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Incorne from donations and legacies Unrestricted Restricted funds funds 2023 2023 Total Unrestricted Restrithd funds funds 2022 2022 Totsl 2023 2022 Donations and gifts Legaues receivable Grants receivable for core activities 290,032 74.228 364,260 286.928 18,215 173,061 459.989 18,215 3.150 3,150 290,032 77,378 367.410 305,143 173,061 478,204 Donations and gifts Gift aid tax recovery CRY Jersey Other 98,035 95,103 96,894 98,035 95.103 171.122 107,831 107,777 71,320 107,831 125,071 227,087 17,294 155,767 74.228 290,032 74,228 364,260 286,928 173,061 459,989 Income from other trading activlties Unrestricted Unrestricted funds funds 2023 2022 Fundraising activities Shop in¢xsme from sale of new and donated goods 7,283 904,724 45,041 823,398 Other trading activities 912,007 868,439 Income from investments Unrestricted Unrestricted funds funds 2023 2022 Interest receivable 4,076 510 -23-
CAREAND RELIEF FOR THE YOUNG (TRADING AS CRY) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Raising funds Unrestiicted Unrestricted funds funds 2023 2022 Cost of fundraising activities Website development and running rthts Staff costs 12,192 819 21,850 755 6,542 Fundraising and publiuty 22,355 29,147 in Operating charity shops Stsff costs charrty shops Staff costs allo¢ated lo trading 335,805 403,273 35,418 303.907 361,891 34,361 Trading eosts 774,496 700,159 796,851 729,306 Expenditure on charitable activiti Relief of Relief of children and children and young young people people 2023 2022 Direct costs Grant funding of activities (see note 8) 371,590 395,416 Share of support and governaneè ¢osts (see note 9) Support Govemance 139,933 6,375 101,477 5.940 517,898 502.833 Analysis by fund Unrestricted funds Restricted funds 444.760 73.138 319,885 182,948 517,898 502,833 -24-
CARE AND RELIEF FOR THE YOUNG (TRADING AS CRY) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Grants payable Relief of children and young people Totsl 2022 Grants to inslitution5'. Albania Bulgaria Cambodia Guinea Armenia Iraq Kurdistan Laos Myanmar Philippines Romania Egypt Serbia South Sudan Guatemala Togo Ukraine {indudlng refugees) Zimbabwe Greece Miscellaneous Projects Bolivia Madagasgar Pakistan Peru Vietnam Emergency and One Off Response Uganda Haiti Kenya Sierra Leone Turkey Nepal Nigeria Israel Afghanistan Burkina Faso Lebanon Liberia Syria Tanzania 18,830 5.500 7,302 9,015 4,500 23,400 20,000 17,900 12.Q28 7,000 7,800 6.000 6.000 6,000 6,cilO 11,957 11,500 12,000 6,000 1,500 3,000 11,029 7,200 4,025 6,0(X) 18,830 5,500 7,302 9.015 4,500 23,400 20.000 17,900 12,028 7,000 7,800 6.000 6.000 6.000 6,000 11.957 11,500 12,000 6,000 1,500 3,000 11,029 7.200 4,025 6.000 13,203 6,000 17,927 12,546 5,000 19,998 14,036 9,127 6,009 6.000 8.000 6,250 5,500 6,000 4,000 8,870 125,052 12,020 10,120 4,424 7,000 6,000 6,000 10,980 500 8,500 14,754 6,000 11,000 7.000 8,000 3,600 6.000 6,000 9,800 9.256 B.400 5.500 7,910 6,000 9,800 9,256 8,400 5,500 7,910 2.000 17,800 8.000 12,004 6.360 44,074 3.OOQ 2.000 17.800 8,000 12,004 6,360 44.074 3,000 371,590 371,590 395,416 25-
CARE AND RELIEF FOR THE YOUNG (TRADING AS CRY) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Grdnts payable {Continued) Material grants were paid to the following institutions in 2023:_ Afghanistsn- Kabul - Ass Le Pelican Iraq- Kurdistan- Hope for Cornmunities Laos - Rural Skills Training - Fami Paa Baan How COTP Ltd Madagascar- Le Triomphe Children's Centre- Assoc Tanantsoa Syria - Mission Fratemelle Am)enienne Togo- Lome- E¢ole Avenir Enfan 17,800 15,800 17.900 11,029 38.460 11,957 112.946 258.644 Other grants paid to institutions 371.590 eo The charity achieves its objectives by revievng grant applications from local charities and non govemmental organisations in the relevant county- The local reupients are selected wilh great care and the application of the funds is monitored dosely by the charity to ensure the optimum achievement of the objectives. The Trustees, Report has more detail on the projects being supported. Support costs allocated to activities 2023 2022 Staff costs Depreuation Travel and subsisten Telephone and fax Postage Stationery and printing Bank charges Sundry expenses Govemance costs 103.675 11,487 15,214 75,322 8,535 8.815 120 1,910 5,488 225 1,062 5,940 2,939 5.791 708 110 6.375 146,308 107,417 Anatysed beiween: Relief of chIldn and young people 146,308 107,417 2023 2022 Governance costs comprise: Audtt fees 6,375 5,940 6,375 5.940
CARE AND RELIEF FOR THEYOUNG (TRADING AS CRY) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 10 Net movement in fundg 2Q23 2022 The net movement in funds 15 Stated after chargingl{creditsng).' Fees payable for the audit of the charitys financial statements Depreciation of owned tangible fixed assels Loss on disposal of tangible fixed assets 6,375 11.215 272 5,940 8,442 93 11 Trustees None of the Trustees (or any persons connecled with them) received any remuneration or reimbursement of expenses during the year. 12 Employees The average monthly number of employees during the year was: 2023 Number 2022 Number Engaged on ¢haritable activities and support Engaged on fundraising and trading aclivities 30 28 Total 35 33 Employment costs 2023 2022 Èges and salaries Social security costs Other pension costs 510,742 28.404 12,564 444,354 22,119 11,643 551,710 478,116 Redundancy payments in the year amount to £0 (2022 - £0). The full time equivalent number of employees is 20 (2022 - 19). There were no employees whose annual remuneration was more than £60.000. -27-
CARE AND RELIEF FOR THE YOUNG (TRADING AS CRY) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 12 Employees (Continued) Remunerdtion of key management personnel The remuneration of key managernent personnel is as follows. 2023 2022 Agggate compensation 123,359 83,185 13 Taxation As a registered charity. the company is exempt from income and corporation tsx to the extent that its income and gains are applicable to charitsble purposes only. Value Added Tax is recoverable by the company. 14 Tangible fixed assets FixtuTrs, fittings & equipm¢nt Cost At 1 January 2023 Additions Disposals 77,483 19,804 (3,149) At 31 December 2023 94,138 Depreciation and impairment At 1 January 2023 Deprecialion charged in the year Eliminated in respect of di5POsals 52,155 11,215 (2,877) At 31 December 2023 60,493 Carrying amount At 31 December 2023 33,645 At 31 December 2022 25,328 15 Stocks 2023 2022 Magazines for resale 1,368 -28-
CAREAND RELIEF FOR THE YOUNG (TRADING AS CRY) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 16 Debtor5 2023 2022 Amounts falllng due within one year: Trade debtors Other debtors Prepayment5 and accrued income 60 41.114 29,116 45.043 24,487 70,290 69,530 17 Creditors: amounts falling due within one year 2023 2022 Other taxation and social security Trade creditors Other creditors Accruals and deferred income 7,019 27.039 2,333 7,018 6,778 32,285 77 8,549 43,409 47,689 18 Provisions for liabilities 2023 2022 Easlleigh shop di18pidalions provision 877 1,754 Movements on provisions.. Ea$tleigh Shop dilapidations provision At 1 January 2023 Utilisalion of provision 1,754 (877) At 31 December 2023 877 The provision for liabilities and charges is a dilapidations provision for ihe Eastleigh shop. The work will be done over the new lease lerni of 10 years and so this provision is being written off over this 10 year period stsrting in 2015. The original figure of £8,770 is an eslimate and some of the dilapidations may be the responsibility of the leaseholder who Care and Relief for the Young sub-lease from. -29-
CAREAND RELIEF FOR THE YOUNG (TRADING AS CRY) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 19 Retirement benefrt schemes 2023 2022 Defined contribution schemes Charge to profft or loss in respect of defined contribution sthemes 12.564 11,643 The charity operates a defined contribution pension stheme for all quallfying employees. The assets of the scheme are held separately from those of the charity in an independently adMinisted fund.
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CARE AND RELIEF FOR THE YOUNG (TRADING AS CRY) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 21 Analysi5 01 net ¥$sets between funds Unrestricted funds 2023 Restricted funds 2023 Total 2023 At 310ecember 2023: Tangible assets Current assetsllliabilities) Provisions 33.645 519,776 {877) 33,645 549,473 {877) 29,697 552,544 29,697 582,241 Unrestricted funds 2022 Restricted funds 2022 Total 2022 At 31 Oecember 2022: Tangible assels Current asselsl(liabilities) Provisions 25,328 564,466 (1,754) 25,328 589,923 (1,754) 25,457 588.040 25,457 613,497 12 Members. liability The company is limited by guarantee. not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute lo Ihe net assets or liabilities of the company on winding up such amounls as may be required nol exceeding £1. 23 Operatlng lease commltments Operating lease payments represent rentals payable by Ihe company for its charity shops and also for a van on lease rental. At the reporting end date the company had OLrtstanding commitments for future minimum lease payments under non-cancellable operating leases of £629,621 12022 - £736,546) for the shop rents and £15,263 {2022 - £2,277) for the van. The operating lease payments recognised as an expense in the year are £207.496 (2022 - £187,110) for the shop rents and £4,46712022- £3,416) for the van. -33-
CARE AND RELIEF FOR THE YOUNG (TRADING AS CRY) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 24 Related party transactions Transactions with related parties During the year the charity entered into the following iransactions with related parties: lan Chiddle is also a trustee of King's Community Church (Southampton). During Ihe year there were donalions received from King's Community Church (Southampton) of £8,945 (2022 - £9,61 n and there were postage and shredding recharges to King's Communty Church (Southampton) of £1.12012022 - £01. There were also expenses recharged from ng'S Communty Church (Southampton) of £8,850 {2022 - £2,658). This consists of £6,250 (2022 - £0) for Offi renovations. £2,400 (2022 - £2.3331 for stationery and £200 {2022 - £325) for other expenses. Induded in Trade creditors is £794 (2022- £7391 due lo King's Community Church {Southamplon). 25 Cash generated from operations 2023 2022 (Defiol)Isurpu5 for the year (31,256) 115.014 Adjustments for: Investment income recognised in ststement of finanual activities Loss on disposal of tangible fixed assets Depreaation and impairment of tangible fixed assets (4,076) 272 11,215 (510) 93 8,442 Movements in working capital.. {Increase) in stocks (Increase) in debtors (Decrease)Iincrease in creditors (Decrease) in provisions (1,368) 1760) (4,2801 (87n (16,675) 3,770 <877) Cash (absorbed by)Igenerated from operations (31,1301 109,257 26 Analysis of changes in net funds The tharity had no Tnaterial debt durin9 the year.