Charity règistrgtion numb•r 1011513 C¢xnpany reglstra¢lon numbgr 02710775 (England and Wales) CARE AND RELIEF FOR THe YOUNG (TRADING AS CRYI ANNUAL RepoRT AND FINANCIAL STATEMENTS FOR THE YEAR EMDED 31 DECEMBER 2024
CARE AND RELIEF FOR THE YOUNG (TRADING AS CRY) LEGAL AND ADMINISTRATIVE INFORMATION Trusto0s lan Ctryddle Katrina Brown Olanike Bamodu Craig Bousfield Mark Scott Seth Gyimah Rachd RigL)y Alison Williams (Appointed 2 December 20241 (Appointed 14 October 20241 (Appointed 9 June 20251 Secretary lan CNddle Charlty numb•r 1011513 Company number 02710775 Prlnclpal aildress KSng9 Communlly Church Uppèr Northam Road Hedge End Hampshire Soulhamplon S030 4BZ R•glstorod offl Kings Community Church Upper Northarn Road Hedge End Hampshlr8 Southampton S030 43Z Auditor Sumer Audit Plpor House 4 Duk9$ Court BOgn Road Chichester West Sussex P019 8FX Bank•r8 Bt)rdays Bugine$$ B*)nking Solpnl and Dorsel Tea PO Box 739 Portsmouth P019AZ Soll¢ltor$ Eric Robinson Solicitors Vanbrugh House Grange Drivts Southampton S030 2AF
CARE AND RELIEF FOR THE YOUNG (TRADING AS CRY) CONTENTS Page Trustees. Ipport Statemènt of Trust8gs' r85ponslbllllles 12 Indèpandent 8udllor's report 13- 15 Statement ol financial activities Ba18n¢e sheet 17 Ststemenl of cash flows 18 Not8s lo thè financial stat•m8nls 1s-36
CARE AND RELIEF FOR THE YOUNG (TRADING AS CRY) TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 Th8 Truste8s, who are a150 diredors of Ihe charily for th8 purpose5 01 th8 Cornpanies Act 2006, pre58nl th8ir report with the financial slalements of the chwity for Ihe year ended 31 December 2024. Included within this report is the trustees. rèport and direclors, report as requir8d by company law. The financial slatemenls have been prepared in ac¢Drdan¢e wth the aontIng policies set out in note 1 to the financial slatamènls and comply wilh th4 charily's Mèmorandum and Articls ol Association. the Companies Act 2006 and Accounting and Reporting by Charities." Staterllent of Recornrnended Practs"ce applicable lo charities preparing their accounts In accordance with the Financial Reporting Standard epplicable in the UK and Republic of Ireland IFRS 1021" 18ffeclivg 1 January 20191. Chairman's Review Wo 8r8 v&ry thankful and ple88ed lo r8port Ihal 2024 h8s bean anolher great ygar in th&1118 of CRY, alb811 wbth sorn& changes in low. One of the major events was the succession process lo the role ol CEO. Chris Tait who has seN8d magnificenlly for seven years read)ed a1ondmBrk slage in his life, reliremenl. Al our end of year celebration meal togethér iho irusl88$ 8nd slaff axpressed thanks In varlous ways lo applaud Chr58 and hls wbfe Jan for Ih6lr unerring 8UPPOrt and Chris's wisth)m during his leadership. In hls st8ad. Aimè Gotlè has stèpped up to lake our mlsslon foMard. Almé has 8eNèd for thrèè year$ 38 our Proje¢t Development Manager, but his vision and charisma lor the work is second to none. W8 ar8 thrilled with how Aimè has initiated new groundbreaking apprDad)es lo finding qualfying projects 8nd creoting great marketing ideas. He Is ielaiively young and will agr88 that this new rol8 will be a1tr8rning &xparienc&, bul he is up for tho ¢hallgngè, Tlie f8¢1$ 81)d dylails 11181 follow sp¥8k for tlieinselves 8nd w$ ii*sed iiut e18borale furlher liere. Iii 8ddilioti. as 11)i& is b&ing virillen wè havé two more youfflger truste8$ taking up the challenge of seNing ivilh us, and so wè go on from slr•ngth lo strength. And he said to Ihem,"The harvest is plenlilul, bul the labtrurers arg few. Therefore, pray earnestly IL) Ihe Lord ol the harv88t lo É&nd out labourers into his harvest. Go your way,. behold, l am Eanding you out., Luke 10..2-3 We say every year how thankful are for the support base, sponsor8, volunteers and staff, that rnakes the diNerence to serve vulnerable ohildren. Our continued reliance on the God who rx)urs out His love and faithful supply, lo spread hope in a dlsadvanlaggd ggn$rallon of chlldren to copg and se8 vlctory In Ih&lr Ilves, lan H. Chiddle Chalrman May 2025
CARE AND RELIEF FOR THE YOUNG (TRADING AS CRY) TRUSTEES. REPORT ICONTINUED}(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 Oblectlves and actlvStles CRY believ&s in a wodd where 811 ¢hildr&n and young paopl& Can fulfil ih8ir God-given ptrlenlial. We work lo empc)wer Childr8n to rise Beyond Pov8ty und&r the 18ad8rship of local charnpionB. Besides providing aid acros$ the board, the main aetivtties of the charrty in relakn'on to ils objects currenljy include.. Enabling Edu¢alion Etnpowering Girls - SupportinE Refugees Improvlng Mental He811h Public benefil:_ Tho Trust¢gs havg pald due rg98rJ lo guldan¢fj Issug(J by Ihg Chartty Comrnlsslon in dldIng what o¢lvillg9 the charty should undertake. Th8 Irusleos of CRY are very 8W810 of the aims of the charity and tha rned)8ni8m8 by which the activities ernploytsd lo chieve Ihoye aim5 are operated. This r8POrt highligh15 th8 aims, th& rnechanisms, and th8 actiwlie5. Apart from the ne¢es88ry costs of Charity 818ff, the solo b6neliciaiie$ of lh8 work ol CR Y a children. young ptsoplo, and their immediate families, who do not have the capatiilily or the resources availeble to Ihern in the normal course ol their ¢aily living or silu8tion. They benefit through Ihe s8¢rifioial giving ol others who do nol need the same level of assistance lo relitrvfj what rnighl b¢ a de8peral¢ exis19n¢e. The benefits gre lot8lly free lo those who reGeivB them. The Iru51ee5 Strongly sUPP(Jrt Ihe nolion Ihat 8ny individual gr organis81ion Should nol profil from CRY aclivities or projects. if th8y h8Vg adequate r8souice$ ol their own. Equally, the trustees are not aware of any delrinent occurring because ol the activities perfDmied, anl in all 5ituaiions where CRY has involvement. the beneflari¢S benefit within their social and ¢ulluro1 conlexl. CRY actively works with children, young people und their families through local NGOS and churches. encoura9in9 them to lake responslbillly lor the carg prTrJrammg$ In Ihelr own community. CRY gn¢our8ges lialgon wlth loc41 governrnenl and otrer NGOS. involves and seeks lo enhance local comrnunities as well as planning appropriate funding strategie8 for eath programme which will encourage sell-sufficiency and discourage long lemi dependency. Special attention is being given lo Ihoso groups of pfroplg wllhln Ihg wld9r communlly whl¢h ar¢ marglna11s9d or dls¢rlmlnal$d egainst.
CARE AND RELIEF FOR THE YOUNG (TRADING AS CRY) TRUSTEES. REPORT ICONTINUED}(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 During 2024 CRY work8d in.. Afghanistan Albania Bolivia Bulgarfa Burkina Fa50 Cambodi8 D8tnocialiG Republi¢ ol the CongQ Egypt Greece Guat8mala Guln8a Halts. Iraq Kenya Kurdistan Laos Lebanon Liberla M41ddgas¢ar My8nm8r Nepal Nigeria Occupied PaleS.nIan Territories Pakistan P8ru Phillppines Romania Serbia Sierra Leone South Sudan Tanzania Thailand Togo Turkgy Uganda Ukraine . Wd R•litrt for thè Youn9 aw an Inl•mational Christian tthildr•n'$ charlty th th• missSon to #Mpor childmn In th IX8s1 disadvantaged nations to rise beyond poverty under the leadership of local charnpions, The particular way in which these )bjeclives and activities are achieved are delailed below'.- To provide clolhlng, food, accommodallon. education, medical eare and any other needs. To provide a safe and secure environment where children and young people can find assistance and develop maturity, SOCI81 skills and education with particular carg for the growth in the love of God. The relief ol children and young people suffering from poverty. The charity strives to empower, and Ihe future focus will eonlinue lo be on assisling in the creation ol fi'nancially sell-8UPPOrting mrUnitIa9 by advice, resource and vocalional training. During 2024 we worked in 38 Nations lo meet the practical. emotional and spiritual negds ol the mosl vulngrable and marginalised children, to help them grow up in safety, and with the support and resources they need lo survive and thrive.
CARE AND RELIEF FOR THE YOUNG (TRADING AS CRY) TRUSTEES. REPORT ICONTINUED}(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 Significant aclwi118s in 2024 includ8d.. Providin9 practical solutions for childion in nged Iprevgntson, inlorv¢ntion and rointagr8tionl. Eypanding and influencing the provision of childcare. Encouraging and SUPPDrting families to care for their own children. Supporting 18sid8nlial childcarg progratnrnes where appropriat8, Resourcing and 5UPPOrting schools, preschwls, hornework clubs etc, which provide education lor deprived children and young people. Providing life skills and sexual health educalign. Provldlng and encouraging access lo vocatlonal Irainbng. Provlding appropriata m8dical asslstanca lo d8prfv8d childron and young p•opl8. R•sourclng and supportlng r8habllllallon programrn89 for chlldr8n and young poopl8 wlth addlctlons. SupportlnE children. young people and their families who have dlsabilities and speclal needs, Provldlng 'Day Centre, type actlvities for chlklren 84nd young people Including those wllh dlgablll¢le3 and gpeclal needs. Supporting r81ug885 across Europ8 and th8 Middl8 East with sh81t8r, food and madical car8. Supporting the development Of sm811 business ventures with. f¢r ex8mple, 'seed fundino,. sp&c181isl skills et¢. which provided employment for young paople and genorated incom• lincome generation will h•lp achi•v• $•ll-suffici6ncy of th• arious care prograrnmesl. Offorlng trainSng opportunllSes to partners lo strengthen th8ir humanitsrian and 8ducational ini1Satlv8S, through both laeé-to-laeè and online lormals. The charity 8chieves ils obje¢tives by revie'Ning grant applications from charities and non-governmental organisalions (NGOS) in the relevant country. The managamenl team may a¢cepl or reject the appliealion subject 10 condition$. Tha reapients are selected with great care and the application ol the funds is monitored closely by the charity to ensure the optimum achievernenl ol the objoctlves. An analysis of granis by aroa is included in the notes lo the statement of Financial Aclivilies.
CARE AND RELIEF FOR THE YOUNG (TRADING AS CRY) TRUSTEES. REPORT ICONTINUED}(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 Achlevgments and perfomiance Wts ¢0118boraled with native inilialives lo ampJwer childr&n to rise beyond ptsverty this year in 38 nations. mosly across the Global South. Thase partnerships 8ncompa8s a wide array of organisalions, including Ghildr8n'8 hom8s, schDoIs, ChUe$, children's centres, paediatric ¢lini¢s, and tseYd. We have 4 areas ol wcrk we supp)rt- 1. Emptswèr Girlg Across the worfd, girfs are trequenlly overfook8d and denied th8 same OPPOrtunilies as boys. CRY, in coll8borali(>n wilh its partners, is dedi¢aled to combating gender ineqLJality by providing avenues for higher education, vocational training. and apprenli¢e$hipg. al(x)gsid& offaring essential 8itl and Nygiene provisions. Through these inilialives, we strive to empower young women and enable them to realize their lull potential and rise beyond poverty. In 2024 CRY gave a total of £27221 to partners workirvJ in Laos, Guaternala, Bolivia and Liberia to empower 2. Enable Educalon We understand the irrport8nce of education in helping elevate people from poverty, We work with schools lo help with building dassrooms, providinq furniture and 18xlbooks, payinq teachers and providing hol m83ls lor students who can't afford to pay. With our partners, we empower children and adults with life skills and pra¢tlcal skllls such as Cooklng, $ewlng, music, and molorblkes lo lrnprove Ihelr chances of Ilndlng ernployment and incre85ing their confidence. Through our network ol partners, we empower the rnost vulnerable to access edLJeAlion Ihey might OthernlSe be deprived of, while also ensuring they receive ossenllal 8ld and 811 the baslc ngcessllies every ¢hlld d88&rv8s. In 2024 we held an Education Forurn in Nairobi. Kenya with all our partners from across Africa who are odiieslors. This w*9 Iolind lo hugaly (Jséliil lima 8nd impaeto<1 thoif work or•ally. Wè plgn to run anolh•r Education Forum in 2026. In 2024 CRY gave a total of £165,160 to partn8rs working in Cambodia. Guin?a, Kurdislan, Romania, Soulh Sudan. Togo, Ukraine, Zimbabwe, Pakistan, Vielnarn, Uganda, Harti, Kenya. Sierra Leone, Nepal, Afghanist, My8nm8r, Nigeria ond Tonzanio to enable edvcotion. 3. Improve Mental Health Through our pariners, we improve ¢hildren'6 mentsl health by helping Ihem process and overcome trauma aused by Ihgii pèrsonal circum$l8n¢gs. war, natural di%asler8, or their history. Our efforts include healthy rnind-relaled courses. a discipleship programme that incorporates counselling and trauma-infomied Iherapie5. and providing a¢¢ess lo sporting, educational, and recreational a¢livilies. Additionally, we improve mental heatth by facilitaling access lo professionals such as social workers, doctors. psychologists, lawygr8, and trained relEious leaders. In 2024 CR Y gave a total of £64,691 to partners workirvj In Albania. Bulgaria, Egypt, sela, Madagascar, Peru, Philippines and Kenya 10 Improve menral heaifh. 4. Support Refugees When children become refugees, they frequently lack the physical and ernolional SUprt nettssary lo shield them from harm. Through a variety of partner initiatives w¢xldwide, we offer sale spaces for rest, nourishment. clothing, ¥nd play. These projects also provide educational opportunities, life skilly IrainiThJ, and spiritual and ernolional care for refugee children, helping trem bUIld their lives wilh dignity, and hope to rise beyond povety. In 2024 CRY gave a total of £63,964 to partners working in Iraq, Myanmar, Greece, Turkey, Burkina Faso, Thailand, Lebanon. Democralic Republic of the Congo and Occupied Palestinian Territories to support refvgees.
CARE AND RELIEF FOR THE YOUNG (TRADING AS CRY) TRUSTEES. REPORT ICONTINUED}(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 Fundralslng a¢tl¥ltles CRY hav8 adopted the Charity Gov8rn2nc8 Code for Fundraising. Ilarious sponsored events were participated in over the year wrth staff and supporters alike gelling in¢olved. In 2024 we held our annual football tournament, a Christmas Fundraising Evenl and supported local businesses 10 raise funds for CRY. We have also continued to rely both on the generosity ol our regular supporters and Ihe of the CRY trading ieam. CRY Jersey For many year5 CRY Jersey ha5 been establishgd as a charrty in the Channel 18land of Jersey. The dedicated learn of slall and volunteers operate Iwo charity shops in Sl Heliei and engage in flindraising aclimties. These include events such as'lhe Appignll¢e Chalgnge. basecl on the long runnlng TV show where two local schools run 8 shop for a day to See viho is the rnost successful, with all profits going lo CRY Jer58y. Other events include a Sponsored walk and bagging shopping al supermarkets. CRY Jersey is very much part of the CRY larnily and the surplus Ihal their aclivikn'es genera18 is used lo support the work vie cary out. In 2024 GR Y Jersey contributed a lolal of £72,000 as a general donation lo CFY UK'5 work for which we are most grateful. They also con-.ribuled an additional £15.500 to suppgrt exi$ting CRY project$ around the world, 8$ well 9$ surner Camps lor chldren In Ukraine and Turkey. CRY Trading A6 8nliclp8led. tradin9 performance durlng the year was adversely affe¢ted by several exlèrn818nd intern8118¢lors. Thgse included the continuing cost.ol.living crisi3. incre8sed operation81 costs in tha posl-covid anvironment, rising waga pressures required to retain 51afF, and the ongoing decline in high street retail aclivily, driven by the cA)ntinued growth ol onlin8 shoppSng channels. In parallèl, vie observÉd a noticeablè declin8 in both thé quantity and Quality of donatèd good$. Thi$ trènd appe8rs linked to th• growing popularity ol rèsalè plattorms sueh as •Bay #nd Vlni•d, wh8rè Sndlvlduals ar• opt5ng to mon•tl$è thèir unwanlad Ilems dlrtrci1y rather than donate thèm tts CRY. Whlle th•s# mark#i dynamics affect8d th# *nlirè charity rètall sector, we note that sever81 oornpelitors were ford to close store5 during the year, suggesling Ihat CRY'S retail operations have shown relatively groattr re$ilien¢e, A key opèrational dè¢i$lon taken during the year was the elosLJre of r)ur Gtssport shop. Dgspite havinu only recently OP8n•d, this location ¥xp•ri•nced signilicanlly low•r footfall and salès p•rformance than our oth¥r sil•s. Fortunat¥ly, th8 èbsence of a fortnal leas8 agreem8nt enabled us tt) e1 this IDEation with rninimal impact. Excluding Ihtr Gosport closure, our remaining retail units performad woll. achieiiing lotal saltrs just £5.000 below budg¥t. In addition, effeetive cost management allowed us to remain £10.000 under budgeted expenditure, resLlling in a gross profit perforrn8nce trat exceeded our expectations. In Ilght ol the economy and the aforementioned Challenges, It is unllkely that our current retail portfolio can deliver Sustained sales growth year on year, To thi5 end, we have Initiated several strategic exploralions, induding tr18lling Sunday trading al selected siles, evaluating the potential lor'boulique-slyle, tall concepts, exploring expansion into more ffluent areas Such a5 Oxfordshire and InN'esting in the refurbishment and rnoderni5ation of OLJr esting shops to enhance customer exp&rience and cornpetiliveness. We also note with conrn the impacl of in¢reased tax liabilities set to take effect in 2025, which will place further pressure on nel profilabilrty. These changes. coupled with rising rent, repair, and property rnain1ence costs. as well as naw compliance obligations introduced over the past 12 monlhs, will dernand greater administrative oversight and operational Qi5opline Iiom Qui stsfl.
CARE AND RELIEF FOR THE YOUNG (TRADING AS CRY) TRUSTEES. REPORT ICONTINUED}(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 In conclusion, although 2024 brought consid8rable cha118ng85, It also demon5trat8d th8 adaplabilily and resili8nc8 ol our retail teams Looking ahead to 2025 and beyond, trustees acknowledge the need to continue exploring strategie5 Ihat will ¢nabl CRY lo continue rosponding ¢ffo¢tiv¢ly to Iho gvglvin9 and incroasingly ¢gmpetilive rtsil land$cap&. Fln•n¢lal revl•w The charity essentially supports proje¢ls based overseas and partnered by asso¢iales in Ihose nats'ons. Our support is dependent on our ability 10 service an agreement wrth th888 partners. Each project 1$ reviewed annually and renewetl in line with our budget for the next 12 months. Income is gengraled through a variety of channels and not dgpendenl on ong method or source only. Thg likelihood ol all inoome channels failing at the sarne tirne is not anticipated, and our strate9y for balancing these income routes is paramounl lo our lund-raislng poll¢y, CRY does not hold any assets that can be disposed of to raise new funds. Th8 Board ol Trustees are very satisfied with the performance of Ihe charity during the year and its posits'on al 31 December 2024 and consider Ihal the charity is well ploced to contt'nue its activities during the coming year, gnd that the assets ai8 adequa19 to lulfil ils obligations. The Statement ol Financial Activitie5 show total incoming resources for the yeBr 01 £1,222.0261£1.283,493 in 202319nd toial resouices expend8d of £1.274,8fj01£1.314,749111 20231. maklng net outgolng resouices of £52.834 loutgolng ol £31.256 in 20231. Th9 total Ip$grves al Ilp yg&r gnd sland at £529,4071£582,241 in 20231 ol which £506,0651£552,544 in 20231 are unrestricted and £23,3421£29,697 in 20231 are reslricled. R•••tv•$ poll¢y The Trustees recognise the importance of holding appro?ri8te levels of unreslri¢led reseTh'e5 lo ensure Ihe ongoing operational stability ol th8 charity. Mainlalning sufficient r8S8rv8S 8nables th• charity lo respond 8ffectiv81y lo unlor•seen reductions in Incom• or incr#asès In •xpèndilurè, whllè continuing to m88t Its (x)mmhmènls to projct partn8rs and covèr essential Ilxacl 818. 11 Is th8 polity ol thè tharlty that unrèstrlctéd lunds not olherwls8 d8slgnal•d for speclllc purposés should b8 malntalned at a18v¥l equivalent to betweon thre& and six months of average expenditure. Thtr Trustees believe Ihis rang¥ providtrs a prudent buffer that allows lirne to adjust operations or secure altemalive funding in the event ol a significant fi'nancial challenge. As al 31 Do¢embr 2024. the charlly held unr¢8trl¢ted r•$fjrv•$ of £506,065, whlch meets both the lower Ihreshold of the reserves policy and provides wverage lor specific known liabilit5 and project cotnrnilments. This figure includes= Shop rantal commilments.. £40.078 Salary obligalion5.' £108,941 Provision for a polenlial redundancy liability.. £63,277 Provision for ongoing projocl commitm8nts.. £111,870 Average tnonthly op8rational expenditure. £28,767 The remalnlng £153,132 wlll be usgd for fundlng new Inhiatlvtrs 8nd re8¢tlng to day to day Issues such as malntenanco, compliance. funijraising cost5. promotional cost5 and any unlore5een issues thal rnay arise on a daily basis.
CARE AND RELIEF FOR THE YOUNG (TRADING AS CRY) TRUSTEES. REPORT ICONTINUED}(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 Th8 Truste8s ar8 cornrnitt8d to rnaintaining res8rves al an appropriat8 lev81 and will contlnU8 to tnonitor th8 charity 5 financial position closety. Efforts 111 be made over the coming yearto strengthen and diversify the ¢qritY 5 donor base and ènhanco Iho profitability of its retail opor8lion$, in ordgr lo support Ihe sustainability ol the resoryos in lino wilh this policy. Tha rèsèrves policy indudas a provlsion for potèntial rèdundancy li<bS1iliès to •nsurè that, should th8 organisaticn nasd to cease operations, the associated costs can tnet. The principal funding sources in the year were.. CRY Charity Shops {inc. Jerseyl- Most shops performed al expected levels, bul are under constant review ProjgGI Spon¥ortship- Projecls Can bg sponsored, gllowing donors lo larggl Ihgir giving Donations and legacies w8re rec8ived amounting to £362,9811£367,410 in 20231 - Applications to Granlqnaking Trusts CRY supports bolh medium t8rm and short dlscrele prol8Cts by way of one.off ad-hoc grants, one.Dff annual grants and on.going funding. To some extent the ch8rity can vary ils level o15UPPOrt dep?nding on its level of income, 811hough with the rnedium.torm projects, eSP8cially those Involving the resldontial car8 of chlldr•n, regular financial support can b8 qult8 critical lo théir conlii)u•d opr¢atIOn. Th8 charity's sponsorship programm&s and Incomè through shop trading hèlp lo provide this Stability. Our expenditure in 2024 has rnet the objec15 01 tre charity as sel out in the governing document. The Tru51ees identify the major risks each financial year through the preparalK)n and update ol the strategic plan relating lo the operatigns ond resour¢es of the charrty, cash flow projections on income ond expenditure end in-year budgetary conlrtsl mgchanisms. Risk$ ar9 identified, priorili$trL4 and man8g?d in a¢coidancg with current policy, fulurg plgns and viilhin available capability and resource constr8inls. A prlneipl8 risk Is that trading In our shops suff8rs due to 8CCinomic clrcumstancès, alihough th8 nature ol our busin8SS nd pricing policy will greatly moderate for this evenlualily. CRY has in place a r8yular news eommunicali¢n lo our supporters and sponsors and valu?8 all who offer wlal support.
CARE AND RELIEF FOR THE YOUNG (TRADING AS CRY) TRUSTEES. REPORT ICONTINUED}(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 Plans for th& future CRY'S main ambition 18 to continue supporbn9 th8 majority of its curr8nl proje. pathers and Io 8xp2nd th3t support as Iin8n¢i81 resources allow. Our as5tance piirnarily inclu¢es ongoing financial contribulions to help sustain ¢harilable projects for children mostly in the Global Soulh. Additionally, we occasionally provid8 grants lor one-off capital expenses that support project development- for example, constructin9 a classroorn. Given the scale of suffering faced by children globally. our level of support vari88 based on the specific ne8ds and capacities ol each project partner. While we deliver aid throLJgh our partners, our core mission goes beyond immediate support we aim to help children re8¢h 8 place where they no longer rely on it. Our vision is io see them break Iiee frtsm the cycle ol poverty lor good. Therefore. asiL8 from responding lo emergency situations, we priorilise working with partner organisations thai offer holistic support and create sustainable pathways toward independence, reducing long-term aèp8ndenco on charitable ald. To achieve our primary 9oallsl, we are actively dèveloping and enhancing severBI key areas ol the thority. This includes. bul Ss not limbled lo, Improvlng our 6xi$llng charity shops-focuslng on ilam prestsnlatlon, shop layout. and ovtsrall customer experience-to maximis& profilabilily. We have recently opened a new shop, and while we do not currently plan lo open another in the immediate future, we remain Dpen lo opportunilies that Could contribute to incpased revenue. In addition. we are refining our communications strategy including how we engage wrth existing sponsors, attract n8w ones, and report on our progress. We have also undertaken several inlemal reoiews gnd are implementing improved processes 10 8nsure we 8tay on tcp tsl cornpliance, HR rèsponyibilili8s. and other op6r811(x181 tasks. All of these efforts forn) p¥rt of 8 bro8(Jer slialegi¢ pl811 ¥iii)ed 81 d$livEring a slroiig Kelurii on iiiveslrri8iit over liiiie. The ultimate 9081 is lo boost both our r8v8fflue and opèralion81 eflieièney, enabling us to increase tha support wé provide lo children around the world through the vital work ol our partner organisalions. 8lru¢lur*, goveman¢• and man29om9nt The ILIII name ol the charity is Care and Relief for the Young. The charrty is also known by the name CRY. Th8 tharlty Is a CoMpY Ilmit8d by guarantée lincorporal8d 29 Awll 19921 and is th8r81or8 gov8rned by a Memorandum and Articles ol Asso¢iaiion. There are restrictions in the charity's actwilies imposed by its Memorandurn and Artides. Th6 Tru$t8e$, who are also the directors lor thtt purpose of company law, and whcs sèrved during Ihe yèar and up lo th8 dale ol signature of the financial slat8ments wera.. lan Chiddle K8lrin8 Brown Ol¥nik• Bami)du Craig Bousfield Mark Scutt Raymond Chow Jamb& Harding Seth Gyimah Rachel Rigby Alison Williams (Resigned 21 June 20241 IResigned 5 April 20241 IAppointe<J 2 DgGembgr 20241 {Appointed 14 Octobtrr 20241 (Appointed 9 June 20251 Al the Annual G8neral Meeting on8 third ol trustees retire, bul are eligible lor reappoinlmenl. Prospèctive Iruslees are recommended and inl&Niewed by the ¢urrenl Board to ass&ss their particular interest. skills, experience, area of expertise and their potenb'al conlribulion. Appoinlment is approved by the Board of Trustees. Nong ol th8 Tru$l8e8 has any benefi¢i81 inloro$1 in Ihe rnpany. All of the Tru8188s 8r& members of the company and guarant88 to contribute P1 in th8 event of a winding up.
CARE AND RELIEF FOR THE YOUNG (TRADING AS CRY) TRUSTEES. REPORT ICONTINUED}(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 Th8 charity has a Board of Tru5lees and a Senior Manag8rn8nt Team. Th8 Senior Managetn8nt Teatn is r8spDnsible for the d8y-to-d8y operakn'cn of the charily and rreking executive decisions Wlthin the policy and trarnework est8bli5hed by the Trustees. The Senior Management Team meets on a monthly basis. Th¢ Board of Truslees mo?¢$ allgast quartrly and a member ol the S8nior Manag8rnent Team attends if r8quired. Tha Trustè8lDiractors ara rèsponsibl for establishing tha polici•s. Iramowork and guidalinas for thè operation and direction of the charily. They are stewards of the Charity and responsible for Its governance. Th8 S8nior Manageffl8nl Team ecYnpiis8d Chris Tail Ichief Execuliw8 Officeil, [ne Gott8 (Piojgcts D8v8loprn8nt Manager, who then barne CEO in September 20241, Wendy Clark (Finance Managerl, Keziah Brennan Icharity Operations Manager) 8nd Jeffrey kloss IRetsil Operations Manager). The Senior Management Team rneel regularfy lo iscuss arid takv 8xeculive dtscisions in accofdancv wilh the d¥l¥galed authority giv()ri by Iha Board ol TrUs1fS. New Trustees are encouraged to lamiliaris8 themselves with the Memorandum and Arti-18s of Association, the policies. aims and obje¢lives of the charity, the projects end to meet members of the Manggement Team and the slaff ol the shops, and lo familiarise Ihtsmselvès with "Hallmarks of an Effectiv& Charity ICC10 document produced by the Chariti86 Commission), also the Good Govflrnance" document prDduced by the NCVO. Retnuneralion criteria lor key tnan3gemgnl inGludes the following Salary levg1$ arg In gx¢os$ of Ihg mlnlmum lillng wago, whl¢h Is Ihg low•sl1gvel that any GRY omploygg wlll rgcèlve. Importance 15 placed on the Chief Executive Officer and the leamwcsrk ol the key managers, wognlsing ¢h31 each ha8 an equally signili¢ani part in the suc¢oss of CRY. The Charity also receives funding from Care and Relief lor the Young Jersey ICR Y Jersey). a charit5 registered in Jersey, CRY J8rs8y has sèp8rat8 Trust•8s and was 8stablish8d to rals8 additional proj8Ct and opérational funds from th• Chann•l Islands. King'$ Communrty Church Isoulhomplonl offfjrs $upport Ihrough facilities. som9 occaslon81 lunding end volunteers. Most of the charity's project partners are registered non-?rofit organisations, A$$gt ¢OVor for fund$ The Board ol Trustees 1$ satisfied that Ihg ¢harily'$ a115 in $a¢h fund ar¢ available and ad¢qug1g to lulfil 11$ obligations in respect ol each fund Relatlonshlps King's Community Church ISoulharnplonl- International Outreach Seedfund Ltd trading a5 SEED - Microbusiness Charity The Collaborative Project IUSAI- Aid Charity Rglatlon$hlp• wlth othgr Aggn¢lg$ CRY has always worked with like-minded partner5 in Ihe various countries where a need has been identified. Most of these partners have been local churches that have or are bullding relallonshlps with Klng's CommunSly Church Isoutharnptonl. In a f¥w countries, CRY currently works with othBr Christian foundations. This prirtiple is paiamounl to CRY'5 work. It is Iherelore important to re51ale that CRY wlll only partn#r like-mlnded fcundatlons that havè thè complet trust and confidence of the CR Y Ex8CUtivg l Tru8t895. Review of Cuent projects Current projects are regularly reviewed and as part of Ihis process the principles rel81ing to CRYS emphasis on 8011-suffici8n¢y and largeling Ihtr poorest ol th& POC>r are applied. Each project is ext*cl&d lo ¢onlirm that il aims to pport those in tnosl need and is actively developing strategies for self-suffiGi9ncy. Three year rolliw plans are produced for each project Whe there is on-going revenue support. 10-
CARE AND RELIEF FOR THE YOUNG (TRADING AS CRY) TRUSTEES. REPORT ICONTINUED}(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 Audltor The auditor. Sumer Audtt, is deen& lo be roappointed under $8¢lion 48712101 the Compani&s Act 2006. Dlsclosur• of Infomiatlon to audltor The trusleeldireclors have confirrr£d that there is no inlorrnation ol which Ihey are aware which is relevant lo the audit, but of which thtr auditor is unaware. They havg further Confirmed that Ihoy hav& lakon appropiial8 steps lo idanlify such relevant inforynalion and lo establish that the auditor5 are aware ol such information. This report has been pPared in accordance with the special prOvlOnS relating to srnall companie5 Wrthin Part 15 of Ihe Companies Acl 2006. Th8 Trustees. report was approved by the Board of Trustees. lan Chiddl• Trustee Dal¢d,' 5 August 2025 11
CARE AND RELIEF FOR THE YOUNG (TRADING AS CRY) STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2024 Th8 Truste8s, who are a150 the dir8Ctor5 01 Care and Rdi8f For the Young lor th8 purpose of cotnpany law, are r85ponsibl for preparing the Tru5tees' Report and the financial statements in accordance with 8pplicable law and United Kingdom Accounting Standards junited Kingdom Generally Atcepted Accounting Practi¢o1. Company Law requires the TrusteÈs to prepare finan¢ial statements for each financial year which give a true and fair view ol thè slatè of affairs ol tha charity and ol th incoming rèsources and application ol rasourcos, including th income and expenditure, of the charitable company for that year. In pipparing these financial statetn8nts, the Tiustges ar8 r8quir8d lo.. select suitable accounkn'ng pc)licies and Ihen apply them consistently.. observ& th8 m8thods and princlplès In th• Charltlès SORP", maké iudgarnants and astimal8s that aro r&asonabl8 and prud•nl', and prepare tho Ilnanclal slat8m8nts on the going conc8rn basis unles8 5115 inapproprlal8 lo pr8sum8 Ihat Ihe charity wlll continu8 In operation. Th8 Trust88s ar8 responsibl8 lor k8eplng adéquate accountSng r8cords that disclose wlth r8a50nabl• accuracy at any Ilm8 ¢h• Ilnancial positson ol thè charity and 8ndble thèm lo ènsure Ih81 th8 financial st<ilèmènts coinply with the Compani8s Acl 2006. They are also rèsponsible for s8fegu8rding the 85S0ts of the charity and hence for18king reasonable step8 for lh8 prev8nb.on and d•t8ction of fraud and othér irregulariti85, 12-
CARE AND RELIEF FOR THE YOUNG (TRADING AS CRY) INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF CARE AND RELIEF FOR THE YOUNG Oplnlon Wts h8V& 8udited the finan¢ial stslamènls ol Care and R&litsf For tho Young Ith& 'charily'l lor th8 y&arended 31 Dacember 2024 which comprise th8 stat8rn8nt of fiNancial aotivi1188, th8 balance sheet, th& 8tat8ment of cash flows and no18S to th8 financial stalemenls, including significant a¢f))uniing policies. The financi81 repDriing framework that has been applied in their prgpar81ion is applicabb18w and Uniled Kingdom Accounting Siandardg. including Financial Reporting Slandaid 102 The Financial Reporting Standard applicable in tha UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Pradi¢el. In our opinion, the financial staternenls.. give a true and lair view ol the slate ol the charitable company's affairs as at 31 December 2024 and of ils incoming r¢sour¢8s and application ol resour¢e$, including rts income and expènditure, for the year then endéd,. havé b88n property prèpar8d In accordanc8 wlth Unit8d Klngdom G8n8rally Acc8ptèd Accountlng Practlce.. and have been prepared in acc(rdance wrth the requirements of the copaNieS Act 2006. Basi8 for opinion We conducted our audrt in accordan wilh International Standards on Auditing IUKI IISAS IUKII and applicable law. Our r&8ponsibili1168 undor those Standards arts lurthar d8s¢rib$d in the Aiidilors 1&8ponsibilili&s forth& audil of the fin&n¢i&l stal&ments section ol our report. We are independent of the charity in accordanca with the ethical requirements that are relevant to our gudit of Ihe lin8nc481 Slgtempnls in the UK, including the FRC'S Ethic81 Slandaid. and we have f(Jllilled our other elhi¢al responsibilities in accordancg wilh these rgquiremenls. We bgli$ve that the audit eviden¢s wg hgve obtained 1$ sufficient arKI appropriate io provide a basi5 lor our opinion. Conclusions Telating to going roncern In audlllng th8 Ilnanelal slatam8nt$, we have eon¢luded that thè Trusl6è8' usè of the golng wncern b8$18 of accounllng In the preparation ol Ihe linawial slal8m8nls is appropriate. Basèd on Ilw work n8va p8rforn. w4 h8vè not Idèntlflèd any m8lèrlal uncèrt8lntl8a rèlatlnu to èV8nls or eondltlong that, individually or collec'Vely. may cast significant doubl on the charity's ability lo continue as a going concern for a period of ai 108sI Iwelve months Ircm wh8n thè finan¢ial $tatementS 8ro 8ulherlsed lor Issua. Our responsibilities and the responsibililiÈs ol the Truste8s with respect lo going concern ar8 described in the relevant se¢lions DI this report. Othgr Infomiatlon Th8 other information comprls8s thè Infom)ation Includ8d in the annual rèport other than th8 financlal stal8m8nts and our auditor's report Ihereon. The Trustee5 ere responsible fc the other Inforrnation Contained within the 8nnual report. Our opinion on the linanaal slatsm8nts does not cover the olher infomiation and. except to th6 extsnt otherwisa explicitly stat8¢ in our report, we do n()1 express any form ol a58ur#nce con¢lusion th#rtron. Our re5pDnslbllily Is to r*ad the other Infomatior) and. in doing so, consider whether the other infnrmation is rn?lerially inconsistent with the financial staternents or our knowl4dg• oblain$d in thè cours8 ol th$ audit, or olh•rwis• appears lo ba matarially misstAlgd. 11 w8 Idantify such mat8rfal Inconsistencies or apparent malerial rni5Statements, we are required to deterine whether thi5 gives rise to a tnaterial misstatement in the fin8nGial stalemenls themselves. If, based on tre work we have perforrned, we conclude that there is mat¥rial misstatttm¥nt of this othèr information, w¥ are rèquirdd to raport thal fact. We have nothing to report in this regard. Oplnlons on other mattgrs proscrSbed by tho Companl8s Act 2006 Iii our opinion, based on the work underiaken in the course of oui audit.. th8 Inlomalon Ven In the Trust$, raport for th8 flnancl81 year for whl¢h Ihe fInaal $181gm&nl8 are prepad, whl¢h indudes the directors, report prepared for the purpK)ses ol company law, is consistent wlh the linanoal stslemenls., Iha dirèctors, rèport includad within the Trustèès, rèport has &n prèparad in accordancè with applicablè lagal requirements. 13-
CARE AND RELIEF FOR THE YOUNG (TRADING AS CRY) INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF CARE AND RELIEF FOR THE YOUNG Matters on whlch we are requSred to report by excepllon In ihe light ol tha knowbdge and understanding ol tho charity and ils environment obtained in the cour8e of the audit. w¥ hav8 not idenlffi8d mat8rial misstal8m8nts in the diractor8' r8POrt included within th8 Trust88s' report. We have nothing to report in respect of thè Idlowlng mattèrs in r8lalSon to which tha Companlgs Act 2006 rgquir•s us to r8port lo you rf, in our opinion.. adaquat& accounling records hava not baen k8pt, or rgturns adequate lor our audll have nol bg8n recèived from branches nol visit8d by u5.. or Ihe linanaal s18lemenls are not in agreement with the a¢counling records and returns., or ¢ert8in dlsclosures of trusiees. rtsmuneiallon specffied by law ara not made., or we have not received all the information and explanations we require forour audit., or the Trus1ees were not enliued lo prepare the financial statements in accordance with the small companies regime and lakp. 2dv2ntxop. nl thp smxll r.nmDAnip.s' pxp.mptinn8 in prp.p2ring thp. Triiilpps, rp.pnrt and fmm Ihp rpqijirpmp.nt t prapare a slraleglc raport. Re$ponslbllltlos of TNSt•o8 As expl¥in¢d morg fully in thg slatemgnl of Trusl¢&s' rgsponsibilili$s, Ihg Tru$lee$, who arg also the dir$¢lors ol tho charily ft)r the purp059 of cornpany law, are responsible for the prgparalion of the financial 3tg1grnenls and lor beinq 5a115fied that Ihey give a true and fair view, and for su¢h inlernal conlrgl as the TNsl¢es determine is ne¢¢ssary lo enable the preparation ol financial staietngnl$ that arg Irge Irorn rllaleri¥l rni$stalgmgnl, wh?Iher due lo fraud or error, In prgpaiing Ihg financial stalernents, the Trustees are responsible for assessing the charity 5 ability lo continue as a going concem, disclosing, as gpplicable, matters related lo going concern and using the going concern basis ol accounling unless the Trustees either inlFnd lo liquidalg the charilablg cornpony or lo ¢gase op9r8lions. or hav¥ no r$alislic allginativg bul lo do so. Auditor's responsibilities for the audit of the financial statements Our objectives are lo obtain reasonable assurance about whether the ffi'nancial statements as a whole are free from material missl¢lemenl, whelh¢r due lo fraud or error, and lo issue an ou¢Jilorfs report that includes our opinion. Reasonable assuranwe is a high levgl ol QBBurance bul is not a guarantee Ih3t L4udil wnducted in L4ccordance with ISA5 IUKI will aayS detect material misslatemenl when il exists. Misstatements can arise trom fraud or error and are considered material il. individually or In the aggrogale, they could r9880nably be expected to Influgnce th& economlc de¢l8lon$ of usgrs18kan on the basls ol these financial slalemenls. Id•ntifi¢alion and a68$mont of irTegularit1•8 in¢luding fraud Irregularlll8s, Ineludlng fraud, are insl8ncés ol non<¢mlance vAlh laws and regulallons. IN¢ d8slgn oroeèdurés in Ilna wllh our rtssponsibililios. ouUin¥d above, lo d8t¥ct material misslatamtsnls in rasp¥cl of irrtrgularilitrs, including fraud. Tho Oxltrnt lo ihich our pro¢edures are Capable ol dete¢ling irregularits-es. including fraud. is detailed below. In identifying 833e33ing ri3k3 of rnaterial mi83taternenl in re3pect ol irregularth'e8, inGluding fraud and non-GompliBnGe viith laws and regulations, our procedures induded the following.. Obtaining an understanding ol the legal and regulatory framework that the charity operates in. focusing on those laws and regulations that had a direct effecl on the finanaal slalemenls and operations., Obtaining an understanding of the charity's policie5 and procedures on fraud risks, including knowlalge of any actual, suspacted or allèg$d fraud.. and - Discussing among the gngag8mont team how and where fraud might occur in Ihg financial sial8menls and any potential indicators ol fraud through our knowledge and understanding ol the cotnpany end our sgc-.or-specifiG expenence. As a result of these prccedufys, we considered thè opporfunib'es incentives that rnay exist within the association for fraud. We are also required to perforrn specific procedure5 to respond to Ihe risk of rnanagetnent ovwride. As a result of performing the above, we identified the following areas a5 those rn¢1 likely lo have an impact on the financial 5t3lernenls'. health & salety and employment law, as well as compliance with the UK Companies and Charititrs Acts. 14-
CARE AND RELIEF FOR THE YOUNG (TRADING AS CRY) INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF CARE AND RELIEF FOR THE YOUNG In addOn to the above, our procur&s to r8spond io risks idenlthed induded the followiry.. Making enquiries of rn8nagernenl about any known or suspectsd instances ol non-compliancg with laws and regulations and fraud.. Reviewing mlnut8s ol me8tlngs ol the board and s8nior managém8nl'. Rgading correspondence with regulators.. ChallengirYJ a¥8umptions and judgemènts madè by management in Ihoir 8ignificanl accounting eslim8les'. and Auditing the risk of management override ol controls, including through testing joumal entries and other adjustments for approprialen8S5. Du6 to tha inheranl limitations of audi1, ther& is an unavoidable rigk that some matarial missl8lernenl8 in the financial statements rnay not be detected, even though the audit is property planned and p8rformed in accnrdanc8 with the ISAS IUKI. For instance, the further removed non-compliance is from the events and Iransgclions reflecled in the financial sialements, the less likely the auditor is lo become aware ol il or tD recognise thg non-compliance. A further des¢riplion ol our responsibilities Is available on the Financial Reporting Coun¢il's website al.. http5.'Im.frC.orG.Uk}audltOrsre8p0sIbIIil18s. This description forms part ol ow audil0rf8 report. U8• of our r•port This rppnrt is ma(Jp sol8ly to the charitable ccrnpany's n*mbers, as a body, in accordance with Chapter 3 of Part 16 01 the Companies Acl 2(X)6. Oiir audit work has been undertaken so th81 we might slate lo the charitable company's members those rnallers we are required IO Stale lo IheTr in an audilorfs report and lor no olher purpose. To the fullest exlenl permilled by law, we do not aocept or assurne responsibility to anyone Other than the charitable cornpany and the charitable company's mombers as a body, lor our audll work, lor Ihls report, or for Ihg oplnions we h8vg formed. Robin Evans BA FCA CTA DChA (Senior Statutory AL4ditorl for and on behall of Sumer Aud Chart•rnd Aceountants Slatutory Audltor Chlches¢Or 10 September 2025 Sumor Audbt Is th• tradlng narn• of Sum•Y Audlteo Llmlt•d 15-
CARE AND RELIEF FOR THE YOUNG (TRADING AS CRY) STATEMENT OF FINANCIAL ACTtVlTIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unr•stri¢tsd Restri¢t•d funds funds 2024 2024 Total Unro8tri¢tsd Re8tri¢ltsd fund8 funds 2023 2023 Total 2024 2023 Notes Incom• from= Donations and legacies Other trading 8¢1ivities Invaslments 304.729 847.235 11.810 58,252 362,981 847,235 11,810 290,032 912,007 4,076 77,378 367.410 912,LX17 4,076 Tat*l ificofft• 1,163.774 58,252 1,222,026 1.208,115 77,378 1,283.493 Expendllure on: Raising funds Charitable tivleS 765,192 445.061 765,192 509,668 796,851 444,760 796.851 517.898 64,607 73,138 Tolal expgndllurfj 1,210253 64,607 1,274,860 1,241,611 73,138 1.314,749 N•t •XPgndltur• and mov•m•nl In funds 146,4791 16,3551 152,8341 135,4961 4,240 131,2561 R•conelllatlon of funds.. Fund balances al 1 January 2024 552,544 29,697 382,241 588,040 2S,457 613,497 Fund balanc•• at 31 0ècemb•r 2024 506.065 23,342 529,407 552,544 29,697 582.241 The stal8m•nl of finanel818cllvi1189 Ineludes 811 gain8 and losses ré¢ognls6d Sn the year. All Ineome éxpèndllure derlv8 from continuing 8Ctivilias. 16-
CARE AND RELIEF FOR THE YOUNG (TRADING AS CRY) BALANCE SHEET AS A T 31 DECEMBER 202d 2024 2023 Not9¥ FlxÈd 8gse18 Intangibl8 assets Tangible asyet5 13 14 10,116 30,142 33.645 40,258 33,645 Currgrit assgts Stock Debtors Cash at bank and in hand 15 16 1,278 64,960 473.989 1,368 70,290 521,224 540,227 592,882 Crgdllors= )mounts lallln9 du• wlthln on• year 17 151,0781 143,4091 N•t currant ass•ts 489. 149 549.473 Total a88•ts1088 ¢iirront liabilitlO8 529,407 583,118 Provisions for liabilitièg 18 18771 N•t a$s•t8 529,407 582,241 The fvndB vf the charity Reslricled income funds Unrestricted lunds 20 23,342 506.065 29,6Y7 552.544 529,407 582,241 These fin3ncial slalernenly have LEen prepared in accOance with the provisions applicable lo cornpanie8 subject lo the small companies reginE. Thè financial slalemen18 wère approved by the Trustèès on 28 July 2025 lan Chlddl Trust•• Company regi8lr8llon number 02710775 (England and W81881 17-
CARE AND RELIEF FOR THE YOUNG (TRADING AS CRY) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 NoteB Cash flows from operatlng actlvltl•s Cash absorbed by oper8lion8 25 133.9761 131,1301 Invèstlng actlvlt5•8 Purchase of intangible assets Purchase ol tangibl& fixed as8919 Interest received 111,2001 113,8631 11,810 119,8041 4,076 Net Catsh u8tsd in investing a¢tivitie8 113,2591 115,7281 Net ca•h usèd In tlnanclThg actlvltle¥ N•t d•cr•ai• In cajh and cash •qulval•nt$ 147,2351 146,8581 Cash and cash equivalents gt beginning of year 521,224 568.082 Cash and cash •qulval•nls at •nd of y•ar 473.989 521,224 R•latino to.. Cash al bank and in h8nd 473.989 521,224 18-
CARE AND RELIEF FOR THE YOUNG (TRADING AS CRY) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Ac¢ountSng pollcle8 Ch8rity infowmation Care and Reli8f For the Young is a privat8 company limitod by guarantea incorporal8d In England and Wal8s. Th8 registerod officè Is Kings Community Church. Upp8r Northam Road, Hadge End, Hampshlr•, Southatnplon, S030 4BZ. 1.1 A¢¢ountlng convontlon The financial stalements have been prepared in accordance ivith the tharity'5 governing docurnent, the Companie5 Act 2006 and "Accounting and Reporiing by Charities,. Statement of Recommended Practice applicable lo charities preparing their accounts in accordanc& with the Finanaal Reporting Slandard applicat)le in the UK and RepuLilic of Ireland IFRS 1021" lèffectlvè 1 Jankjary 20191. The charily is 3 Public Bf)nelit Entity as dèflrned by FRS 102. The financial slalements are prepared in 51erfing. which is the functional currency ol the charity. Monetary amounts in Ih9sa financial stAlamants a round&d to thè nearest £. The financial stalements have been prepared under the historical cost convents'on. The principal accounting policies adopted are stsl ¢ul below, 1.2 Going concem Al the lirne of approving the financial slalern8nt8, the Trustees have a reasonabl8 expectation Ihal the charity hag adequate resources lo continue in operational existence lor the foreseeable lulure. They have considered relevant inlorm81ion sud) as ltsre¢a$is, budgets and business plans 8nd they htsld monthly management meeb'ngs lo review financial performance, cash flow and any emerging risks. Thu5 the Truslaes continue lo adopt the going concern basis of accounting in preparing the financial statements. 1.3 Chril•ble fund• Uiirgslii¥l¥J fuiids ¥v¥ilabl¥ for u¥¥ al Ili*s d15br¥0I7 rJl Ili¥ Tru¥l¥¥4 iii luilliw¥iiL¥ L)f Ilwli Ll)%)ritratsl¥ uLTrj¥GIiv¥¥ unless the funds have been designated for other purposes. R8$lrlcted lunds aro subl8¢1 lo sp&clfi¢ eondillons by donor8 88 lo how théy may be us8d. Thts purp08è8 8nd usès of th8 reslrict8d fUS ara sel out in the nol8s lo the accounts. 1118 thè polSey of the board ol Iru81è08 to car61ully monllor Ihe appllcallon of Ihosts funds in ae¢ord8n¢e wllh th restricts'ons placed upon thtrm. Thtsre is no loiftAI policy ol Iransfar be90n funds or on Iht allocation of lund8 to designated funds, olher Ihan that described abtjve Any Othér prop08ed trangfèr between lund8 would be considered on the particul81 circurn$tan¢88. 1.4 Incornlng resources Incotn8, including grarts, is recognised wh8n th8 charity 15 legally entitled to it after any perf(rnanCe condilion5 have been met, the amounts can be measured reliably. and It Is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donaliDn. unless perlomiance conditions require deferral ol the arnount. Income lax recoverable in relalion to donallons received undor Gift Ald or deeds ol ¢oven&nt18 r8¢ognlsed at the time of Ihe donatlcn. Lggacies ara r8cognis8d on rec8ipt or othetwis8 il the charity has b88n notili8d of an irnp8nding disliibution, lh8 amoLJnl is known, and receipt is expecied. If the amount is not known, th2 legacy is treated as a contingent asset. 19-
CARE AND RELIEF FOR THE YOUNG (TRADING AS CRY) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 A¢¢ounting policies Icontinutdl The 88le of nev4 and doneled goo(Is 1$ recognised 88 income when sold. The gift eid on the in¢ome trom doneted goods is recognised as Incorne when the goods ale sold. 1.5 Resources expended Expenditure Is recognised once there is a legal orconstructive obligation to transfereconomic benefit to a third paty, It is probgble that a tr8n6for of economic bonoth'ts will bo rUired in sotutsmont. and the amount of th& obligation can be measured reliably. The policy for including Ite within the relevant alIVity categories ol resources expended is to apply costs lo the appropriate category where identified and lo Bpportion overheads on an appropriate basis. The costs ol raising and generating funds shall include the costs of fundraising evenl8, appropriate proportion ol administra.an salaries end Ihe shop overheads and staffing. Charitable expenditure shall include all expenditure directly related to the objects of the oharity and inoludes grants. 11 also indudes support ¢osls and govemance Costs relating lo the objects of the ¢harily. The Charity receives grant applications from a number of client organisaliDns. The board may accept or rejeot the applic81ion or accept the application subject lo conditions. Although there Is no lejal liability lo pay any grant io any organisalion. and after approval, it is open lo the board lo wilhdraw an approval already granted, either befor8 or after payment ol a grant the accounting treatment is lo oreale a creditor lor grants relating specifically lo the clienls activities In tne ¢urr6ni Ilnancial y8ar ol the tru$t&68 1rnmlIaleIY upon approval, and to In¢lu(Je grants rolaiin9 10 actlvilltss In subsequent financial years as financial commrtmenls. Al 31 December 2024 there were £nil of such gran15 approved and unpaid. The ¢omparative figure lor 2023 was £nil. Gtsv8rnance costs sh811 in¢luc18 all 8xpenditurè diieelly r8lal8d lo the compliance with charit8bl6 and slalulory requirements. Thgr8 ara a number of costs, includin9 Staffing costs, wh8ra11 Ss Impracticablè to allocate Ihgs6 costs proclsaly between raising funds, trading an¢J sUPPQrt for tharilable artiwlies and the trustees have alloGat9d 5uGh Gosls on the basis ol re850n8ble eslimales as folloM's'.. Staffing costs and relate(1 gxpenseB On the basis ol salary costs, and hours spent on different aCtties. Premiseg Costs and r#l3led #xpens•s On the truslees estirnate of space allocated to different activitres. 1.6 Intanglblè fixèd assèts oth•r than gaodwlll Intangible ass8ts acquired separately from a business are recognised at CO81 and are subsequently rneasured at cost less accumulated amortisation and accumulated impairment losses. Amortisation is r¥cognis¥d so as lo writ¥ off th¥ cost or valualion of ass•ts l¥ss th¥ir rèsidual valuas ov¥r Ih*ir us¥ful lives on Ihe following base5'. webt8 and rebrand fj years slr8ighl line -20-
CARE AND RELIEF FOR THE YOUNG (TRADING AS CRY) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 A¢¢ounting policies Icontinutdl 1.7 Tangible fixéd assets Tangihle fixed assets are initially measured at cost end subsequenlly measured al cost or valuation, net ol depreualion and any impairment Ios8es. Tangible fixed assets are statsd al cost less depr8ciation. Items of less than £100 are not capitalised. D8preciation is provid8d al rat8g ealeulat8d to writ8 otr thè coet lèss 88tima18d r&8idual valu• of éach aÈs8t OV8r its &xp&cted us8ful lile, 8$ follows.. Fixtur88. fittings & equipmanl 25% r8ducing balanee The gain or106s afising on th8 disposal of an aBset is det8rmin8d a6 1h8 difference belw88n th8 Sale proc8eds and tho carrying value ol the ass8t, and Is rèco9nls8d In statem8nt ol Ilnancial aclvlties. 1.8 Impalrm•nt ol 1Sx•d a88•t8 Al ea¢h reporting end date, the ¢harily review$ the ¢arrylng amounts of Its tsngible and Sntsngible assels lo determlné wh•th8r thèrè 1$ any indieat¥)n that thosè a$4814 havè Suffered an impaiim8nl 104$. If any Such indieation èxi$t$, thè r8cov8rabl& amnt of thè 2ss8t Is 8Stlmaled In ord8r to d8t8rminè th8 8Ktent ol th8 Impalrm8nt loss lil anvl. 1.9 stocks Stock5 are slated at the lower ol cost and estirnated selling price less costs to complete and sell. Cost comprises direct materials and, where 8pplicab16, dire¢l18bour costs and those overheads th81 h8v8 been incurred in bringing the sl¢xks to their present loc8tDn and condition. Items held for dislributs'on al no or nominèl consideration are measured the l(yNer ol replacement cost and cost. Nét r8alisabl8 valuè Is tha estlmated s8lling prlc• lèss all èstimatèd costs ol eoryletlon and costs to bè incLJrrèd In morkeling. selling and distribution. 1.10 Cash and rA8h gqulval•nt$ Cash and cash equival8nls includ8 cash in hand, d8posSts hdd at call wth banks. olh•r short-18rm liquid inv8Stm8nls wlth orlglnal maturltles of thr8è months or lèss, and bank ovèrdrafts. 1.11 Flnan¢l•l Instrum•nts The charity h85 elected lo apply the provisions of Section 11 'B83ic Fin8n¢ial Instrumènts, and SÈ¢tion 12'01her Financial Instrurnents Issues, of FRS 102 to all of its financial instruments, Financial inslrurnenls are cognised in the ch8rily'5 balence Sheet when the charity becomes party to the contractuol provisions of the in5trum*nl. Financi8185set5 and liabilitie5 are offset, with the nel amounts presented in the financial 5t8lernenls. when there 15 legally enforcoable right to sal off recognistrd amounts and thar8 is an inltrnlion lo sellle on a nel basis or io realistr the asset and seitle the Ilabllty slrnultaneously. 8a51¢ flnanclal assets Basic financial assets, which include debtors and cash and bank balancos, are inits"3lly measured al transaction pric induding transgdion costs and are subsequently rarried at amor115ed cost Using Ihe effective intere51 rnelhod unless the ariangemenl conslitules a linancing Iransaclion, where the Iransaction is rneasured al the pr85enl value ol Ihe future r8ceipts d15counled al a rnarket rate of int8r851. Financi41 assels classffied a5 rec8ivable within one year are not amortised. 21
CARE AND RELIEF FOR THE YOUNG (TRADING AS CRY) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 A¢¢ounting policies Icontinutdl Basie financial lithbiliti&$ Basic financial liabilities, including creditors and bank loans are initially recognised at transaction pri unless the arrangen)enl constitut$s a financing transaction, whro the dobl instrumonl is measurgd al Ihe prèsènt value ol th$ future payments discounted at a market rate ol interest. Financial liat)ilities classified as payable within one year are not amortised. Debt instruments are subsequently rarried al arnortised cost, using the effective interest rate methixj. Trade creditor$ ar8 obligations lo pay for goods or services Ihal have been acquired in the ordinary coursg ol operations from supplier5. Amounts payable are ckssilied as current liabilities if payment iy due within one year or less. 11 not. they aro presented as non-currcnl liabilitios. Trade crcdilofs aro rocognisod initially al transaction price and subsequgnlly rveasured al amortisgd using tbg effgclive inlerest rnelhod. DwKognltlon of IlnanGlal Ilabllltles Financial li<ibilikn'es are derecognised when the ch8rSty's contractual obligation5 expire or 3re discharged or cancelled. 1.12 Provlslons Provisions ar8 recognisad K,h8n th8 charity has a18gal or conslrucllv• prasant obllgalion as a rèsult ol a past 8V8nl, 11 is probable that the charlly wlll be rèqulred lo settl& that obIlgaOn and a rellable estimate can be made ol the amount of the obligation. The amount recogni5ed 85 a provision is the best estimate of the consideration required lo selde Ihe present obligation al the reporting end date, taking into account the r15ks and urcertainlies surrounding the obligation. Where the effect of th8 lime valua ol monèy Is mat&rfal, th6 amount 8xpect•d lo b• required lo séttle th8 obligation Is r8cognls8d at prasenl valuè. When a provislon Is mèasurèd at prasenl valué. th8 unwindlng ol thè dlscount Is r8cagnls8d as a financè eost in nel Incomollaxp8ndlturÉl In the pertod in whl¢h11 adsès. 1.13 Employee benefits The costs ol short-term ernployee benefits are recDgnised a5 a liability and an expense. The cpsl of any unusgd holiday enlitlgmenl 18 rgcognised in Ihg period in which the 9mployg9'5 ¥gryIC95 are rgceived. Ttrrmlnallon beneflls arg rtrcognSsed Immedlalgly a$ on exp9nsg whn lh9 charlly 1$ dgmonstrably commlllgd lo terminate the etnploymenl of an gmployee or to provide lerminalion b9ng1ils, 1.14 Retirement benefit$ PayftEnts lo delvièd contritIoN r8tlremènt benefit schèmes are charged as an expensé as they fall due. 1.1S L••us Rentals payable under operating lease8, including any lease incentives received. are charged as an expen8e on a qtrAioht linp hA818 nvpr Ihp. lp.rrn nf Ihp rplpvAnt Ip.A8p 1.16 Wlndln9 up or dlssolutlon of th• charlty 11 Upon windin9 up or dissolution ol the charity there remain any assets. after the satisfaction ot all debts and liabilities, the assets represented by the 8¢cumulaled fund shall be transferred lo some other Charitsble body or todies having similar objects lo the charity, -22-
CARE AND RELIEF FOR THE YOUNG (TRADING AS CRY) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Crltlcal accounung estlmates and Sudgements In the 8pplie8bon of the ch8rity'$ 8e¢ounting polioes, the Tru$tees a required to m8ke judgernents. e$brn8tes and assumptions about carrying atnounl of assets and liabilities that ale not readily apparenl from other sources. Th8 estirnates and associated assumption5 are based on hi5torlcal expèrfence and other lactors that are consldered to be relevant. Actual iesulls may differ from these esllmates. Thp p.limAIp And ijndprfying A88iJmptinnq Arg. rp.vipwpd nn An nnonino hAqi¢ Rp.viinn In Aernijnlino p.8lim2ip.8 Arp recogn159d in the perlod in which the estimate is rev158d where the revlsvjn affects only that perlod, or In the period ol the revision and Tutur8 periths where the revision aff8cls both current and future periods. In¢om• Irom donatlons and1oga¢l•s Unr•¥trlctsd R•strl¢t•d funds funds 2024 2024 Toial Unrestrlctsd R•8lrlct•d funds fund5 2023 2023 Total 2024 2023 Donations and gWIs Lgga¢ig$ r&¢eivabl& Grants receivable for core activities 295,710 9,019 S8,252 353,962 9,019 290,032 74,228 364,260 3,150 3.150 304.729 58,252 362,981 290,032 77,378 367,410 Don8llons 8nd ulft• Gift aid 18x reCory CRY J9rsgy Other 94,279 85.000 116,431 94,279 87,500 172,183 98,035 95,103 96,894 98,035 95,103 171.122 2,500 55,752 74,228 295.710 58,252 353,962 290,032 74,228 364.260 Incom• from oth•r tradlng actlvltl•s Unrestrlctod Unrostrlctgd lunds lundg 2024 2023 Fundraising activities ShDP income from sale of new and donalgd goods 6.568 840,667 7,283 904,724 Other trading acuvilies 847,23S 912,(K)7 -23-
CARE AND RELIEF FOR THE YOUNG (TRADING AS CRY) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Income from Investments VnrÈgtricted Unr•9trictèd funds lunds 2024 2023 Inte1 receivable 11.610 4,07Q Raising funds Unre8tri¢ttsd Unrestrf¢ted fund8 funds 2024 2023 Fundraisin nd ublicit Cost ol fundraising aGts'vilies Website developrnenl and runnlng cosls Staff costs 12,331 914 10,396 12,192 819 Fundraisin9 and publicity 23,641 22,355 Tradin Operating charlty shops Staff eosts charrty shops staff costs allo(94 lo Iradlng 310,246 384,798 46.507 335,805 403,273 35,418 Trading c051s 741,551 774,496 765,192 796,851 -24-
CARE AND RELIEF FOR THE YOUNG (TRADING AS CRY) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Expendltur6 on charStablo actlvltles Reliet of Relief of Childron and children and young pgoplg young pgoplo 2024 2023 Dir•ct CO8ti Kenya ConlerÈn¢e- Education Forum 28,113 Grant funding of aclivili8s (see no18 81 321.036 371,590 Sharo of support ind gov•rnan¢è ¢0ts1818•• note 91 Support Governance 150,864 9.655 139,933 6,375 509,868 S17.898 Anatysls by fund Unreslricled funds Reslricled lunds M5,061 64,607 444,760 73,138 509,668 517,898 -25-
CARE AND RELIEF FOR THE YOUNG (TRADING AS CRY) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Grants payable Reliéf of ¢hildren and young p90pIo 2024 2023 Grdn15 to inslitutKJns'. Albania Bulgar18 Camtodia Guinea Armenia 15,166 6,000 9,550 17,604 15,166 6,000 9,550 17.604 18.830 5.500 7.302 9,015 4.0 23,400 20,1X>O 17,0 12.028 7,000 7.800 6,0)0 6.LX)O 6,(X)O o,rJoo 11,957 11,SXI 12.WO 6.(K>O 1,$)0 3,Q)O 11.029 7,200 4,025 6,Q)O Iraq Kurdi$lan Laos Myanmar Philipplnes Rom8nia Egypt Serbia South Sudan Gualoi))8la Toyo Ukraine lincludiTrJ relug8e8j Zirnbabwe Greece Mis¢elloneous pioie¢is 23.400 7,800 6,274 12,024 12,800 7,800 8.778 6,000 6,000 6.000 7.799 8.000 13,800 6.000 23,400 1,800 6,274 12,024 12,800 7,800 8,778 6,000 6,000 8,000 7,799 8.000 13,800 6.000 6.000 7,800 6,500 8,146 6,000 600 6.000 9,000 13,000 7,800 3,000 6,000 6,083 5,084 1,800 8,180 7,800 8.948 6,000 7,800 6.500 8,146 6,000 600 6,000 9.000 13,000 7,800 3,000 6,000 6,083 5,084 7,800 8,180 7,800 8.948 Madagasgar Paklslan Peru Vietnam Emergency and One Off Ra$ponse Uganda Haili Kenya Si8rr8 Laone Tutkgy Nepal Nigeria Isr8ellGaz8 Afghanistan Burkina Faso Lebanon Liberia Syria 6.tx)o 9.800 9,256 8,400 7.910 2,WO 17.800 12,W4 fj,360 44.074 Tanzania Congo Thailand 6,000 7,500 3,000 6,000 7,500 3,000 321,036 321,036 371,590 -26-
CARE AND RELIEF FOR THE YOUNG (TRADING AS CRY) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Grants payabl• Icontinutdl 2024 2023 Material grants were paid to th8 following institutions'.- Afghaiiistaii- Kabul - As5 Le Pelican Guinea Jubilee Intemational Schwl Iraq Kurdislan - Hope for Communities Laos- Rural Skills Training- Farm Paa Baan How Corp Ltd Madagascar- Le Triomphe Children's Centre- Assoc Tananlsoa Syna- Mission Fraiemelle Armenienne Togo- Lome- Ecole Avenir Enfan¢8 17,800 17,604 15,800 17.9)0 11,029 38.460 11,957 17,604 303,432 112.946 258.644 Other grants paid to institutions 321,036 371,590 R•ll¥l of ¢hlldr•n and young p•opl• The charity achieves ils obje¢tives by reviewing grant applications Irom local charities and non governmental org8nisalions in Ihts r8lev8nl Country, The local recipi$nlg are 8elecl6d with great cara and the application of the funds is monitored closely by the charity to ensure the optimum achievernenl ol the objectives. The Trustees, Report hos more deloil on th¢ projects bein9 SUPPOrted. Support costs allocatgd to actlvltl•s 2024 2023 Staff costs Depreciatlon Rent Legal and professional fees Travel and subsistence Tol8phone and lax Puslage Slalionery and printing Bank charges Sunrlry gxpenses Intem costs Governance co8ls 104,451 18,456 3,000 1,654 7,933 69 2,773 6,167 98 5,033 1,230 9,655 103,675 11,487 15,214 2,939 5,791 110 6,375 160.519 146.308 Anatys•d bolween: Relief of children and young p8opI8 160,519 146,308 -27-
CARE AND RELIEF FOR THE YOUNG (TRADING AS CRY) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Support CO8t$ allocat to a¢tiviti¢$ Icontinutdl 2024 2023 Governance colts ¢ompri8e'. Audit fees Audilor5 fees for non audit yrk 5.100 4,555 3,375 9,655 6.375 10 Trust9•$ None ol th8 Trustees lor any pergons connected with them) received any remuneration or r8irnbursemenl ol expenses during the year. 11 Employ•es The averdge monthly nurnber ol employee5 during the yeer bw88'. 2024 Nrnr 2023 Numb•r Engaged on chaillablo activl¢l•s and support Engog¢d Dn fundraising and trading activities 27 30 Total 32 35 Employm*nt ¢¢5 2024 2023 Wages and salari8s SuLliil S¥Luiily other pension costs 505.768 29,379 11,005 510,742 28.404 546,152 551,710 Th8 lull lime equivalent number of employees ig 1912023- 201. There were no employees whose annu81 remunerallon was more than £60,000. -28-
CARE AND RELIEF FOR THE YOUNG (TRADING AS CRY) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 11 Employ•¢$ Icontinutdl Rèfflunerjjtion of kéy rnthnagement pernonnol The remuneration ol key rnanagement personnel is as follows. 2024 2023 A99regale compensatioii 140,853 138,671 12 Taxatlon As 8 ragislered charity, the company is exernpl from income and cOrpora.0n tax lo th8 tsxlgnt th81 its inecrnè and gains are applicable to charitable purposes only. Valu& Added Tax is recoverable by th8 cornpany. 13 Intan9lbl• flx•d oss•ts Wobsllè and rwbrand Cost At l Jaiiuary 2024 Additions separately acquired 11,206 Al 31 December 2024 11.206 Amortl$aiion and Impalm)gnt At 1 January 2024 Amortisation charged lor the y&ar 1.LYJO At 31 December 2024 1.LYaO Carrying amount Al 31 Decemb8r2024 10.116 Al 31 DeGember 2023 -29-
CARE AND RELIEF FOR THE YOUNG (TRADING AS CRY) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 14 Tanglble flxed assets Flxtures. ffttlngs & equipment Cost At 1 January 2024 Additions Disposals 94,138 13,863 115,2161 At 31 December 2024 92,785 D•pr•clatlon and Impalrm•nt At 1 January 2024 Depreciation charged in the year Eliminated in respect ol disFos£15 60,493 10.046 17.8961 At 31 Dec8mb8r 2024 62.643 Carrylng amount Al 31 December 2024 30.142 14t 31 December 2023 33,645 15 Stocks 2024 2023 Magazines lor resale T•shirts lor resale 1,128 150 1.278 16 Debtors 2024 2023 Amounts lalllng duè wlthln ona y•ar'. Trad# d*btors Other debtors Prep3ymen15 and accrued income 60 41,114 29.116 40,202 24,758 64,960 70,290 -?o-
CARE AND RELIEF FOR THE YOUNG (TRADING AS CRY) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 17 Credllors.. amounts falllng due wlthSn one year 2024 2023 Other taxation 8nd social 8ecurily Trade creditors Other creditors Accruals and deferred Incon)e 8,453 31,811 2,420 8.394 7.019 27,039 2.333 7,018 51,078 43,409 18 Provlslons lor Ilabllltl•s 2024 2023 Ea811elgh Shop dilapldallons provlslon 877 At 1 January 2024 UtIIis81ion of provlsion 877 18771 At 31 Dècember 2024 The proviyion for liabilities and charges 15 a dilapKlations provision lor lie Eastleigh shop. The work will be done over Ihe lease temi ol 10 yeors and so this prgvision is bein9 written off over thi$ 10 yoor period stortino in 2015. The original ligure ol £8,770 is an e51irnalg and 50mg ol Ihg dil8pidalion8 may be Ihg r95ponsibilily ol Ihg lea5?hglder Y4ho Care and Rellef for the Young sub-lease from. 19 R•tlr•m•nt b•n•tit schèm• Dollnod con¢rlbutlon schemes Tli¥ Lliarily OP¥l<ilt¥ & cl¥fir Lviltribuliui) pei)SlUl bLli¥iii¥ rui dll yu{Ililyiiig ¥iiipluyfytrs, Tliv as18 tsl sili¥iiii ai¥ held sepdralely Ironi Iliose ot the charity in an iii(Jependently adrniriislerttd fund. Thg charge to èxpondSlurg In raspecl ol daflned contrfbutlon schm8s was £11.00512023 - £12,564). Includad Sn cr8ditor5 Is £2,42012023- £2,333) r8laling lo pension sch8tne liabilities. 21
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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 2024 21 Analysls of net assets between fund Unrostricted lund8 2024 R•$trictsd funds 2024 Totthl 2024 At 31 Docembei 2024- Intaii9ible ffixod assets Tangible assets Currenl a8selsJlliabililiesl 10,116 30,142 465.807 10,11fj 30,142 489,149 23.342 506,065 23,342 529,407 Unrn8lricted funds 2023 Re•trictsd funds 2023 Tol•l 2023 At 31 D•¢•mbei 2023: T8ngible 8s5els Currtsnl asso181lliabili11981 Provislons 33,645 519,7T6 18771 33,645 549,413 18771 29.697 552,544 29,697 582.241 22 Mernberg. Ilablllly The Company is limited by arantee, nol having 8 share capil81 and conseqLJenlly Ihe liability of rnembers is limiled, subjocl 10 8n undertaking b> 8a¢h membor lo contribule lo the nel asso1$ or liabililies ol the company on winding up such amounts as may be required not exceeding £1. 23 Op•ratlng l&•$• ¢ommltm•nt$ Operating lease payment5 represent rentals payable by the CDmpany for its charity shops and office space and also for a van on lease rental. Al the repong end date the company had oulslanding comrnrtments loi future minimum lease payments under non-eancollablè opèrating leasès of £652,10912023- £629,621) lor thè shop rénts and officè rènlBI and £10,79612023 £15.2631 for the van. The operatin9 le8se payments rectsgnised as an expense in the year gre £185,244 12023- £207,4961 for Ihe shop rents and offi¢a iant818nd £4,46112023 - £4,467) for the van. -24-
CARE AND RELIEF FOR THE YOUNG (TRADING AS CRY) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Relatsd party transactSons Transactions with related p&rtie8 During the year the charity enlered into the followlng tranSaCtnS wlth related parti8S.' lan Chiddle is also a trustee of King's Community Church IsthaMptonI. During the year there were unrestricted donations receive(l from Kl'S Community Church Isouihamplonl of £3,79012023- £8,945) and there were postage and shredding rhargeS to KiNg's Cornrnunity Church ISoutharnptoNI of £012023 - £1,120) arvj food racharges of £13212023- £01. There were also expenses recharged from King's Cornmunity Church ISoLJthamplonl of £6,49612023 £8.8501. Th58 e¢nslsls of £012023 - £6,250) for offlc& ronovaUon8, £3.00012023- £0) for officb ienl81, £3,28012023- £2,400) for stationery and £21612023- £2001 for other expenses. Includ&d in Trade cr8ditors is £012023 - £7941 due ID KI,$ Commtsnity Church Isouthanytonl. Unr8slricl8d donations lotallng £1,20312023'. £nill were received from thr88 trustèes. -25-
CARE AND RELIEF FOR THE YOUNG (TRADING AS CRY) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 25 Cash genorated from operatlons 2024 2023 Delicil for the year 152.8341 131,2561 Adjustments for.. Inveslment inrne recognised in statenent of ffi'nancial activities Loss on disposal of t8n9ible fixed ossels Amortisalion and impainn&nl ol inlangibltr assets Depreciation and impairment ol tangible fixed ass•ts 111,81DI 7,320 1,090 10,046 14,0761 272 11,215 Movements In wtsrkn.ng capital.. Decre8selllncreasel In siocks Dècrsasellinciaasal in d$btors Increaselldeer8as81 in creditors IDecrga5el In provi510nS 90 5.330 7,669 18771 11,3681 17601 14.2801 18771 Cagh abjorbed by operationB 133.9781 131,1301 26 Analygls of chang88 In not funds Th8 charity had no mat8ri81 debt during the year. -26-
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