Charlty number. 1042211 MICHAEL CRAWFORD CHILDREN'S CHARITY UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025
MICHAEL CRAWFORD CHILDREN'S CHARITY CONTENTS Page Reference and Adminlstratlve Dgtalls of the Charfty, Its Trustees and Advl$ers Trustees, Report Independent Examingrfs R9POrt Ststement of Flnan¢lal Actlvltlos Balance Sh8gt Notes to the Flnan¢lal Ststgments 8-18
MICHAEL CRAWFORD CHILDREN'S CHARITY REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 OCTOBER 2025 Trustees M P Crawford C8E A Clark K Dias N MacAller Crawford Charlty regl$terèd numbor 1042211 Prlncipal addrgS$ Regina House 124 Finchley Road London NW3 SJS Ind&yndent examlners Adler Shine LLP Chartered Accountants Aston House Comwall Avenue London N3 1LF Banker¥ The Royal Bank of Scotland plc 28 Cavendish Square London W1GODB Investment adVern NLP Financial Management Limited Charfes House 108-110 Finehley Road London NW3 5JJ Page 1
MICHAEL CRAWFORD CHILDREN'S CHARITY TRUSTEES. REPORT FOR THE YEAR ENDED 31 OCTOBER 2025 The Trustees present their report and finanual 5talemenls for the year ended 31 October 2025. The Trustees confirm that the annual report and the financial statements of the charity eomply with the current slalulory requirements and the provisions of the Statement of Recommended Practice ISORPI. applicable lo charitigs preparing their accounts in accordance with the Finanual Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021 leffeclive 1 January 20191. Status and admlnlstratlon The charity was established by a trust deed dated 18 April 1994 and is Tegislered wlh Ihe Charity Commission under the registration number 1042211. The charity is govemed by its trust deed which estsblished the Michael Crawford Children's Char(ty as an unincorporated association. The charity was estsblished in order lo promot6 any charitable purposeg for the benefit of Children and young people and in parts'cular bul wrthjul limilalion lo the relief of sickness and the relief of povety. Govemance The charity is administered by the Board of TTUStee5 which is ils governing body. The Trustees meet regularly lo diusS and implement poli. Trustees are appointed to the Board by Mr Crawford CBE during his lifetime and thereafter by the Trustees, in accordance with the charitys trust deed. R¢vlew of a[vItIeS and flnancial position During the year the charity reeeived donations of £6,083 and investment income of £126,046. Grants payable for Ihe year amounted to £127,746. The charills primary assets compris& the holding of listed investments lo the value of £6,649.271 together with funds held wlh UK banks. The Tru$lee$ are of the opinion that the financial position of the charity at the balance sheet date is suffiuenl lo meet 11$ ongoing projects. The charity continued lo achieve ils principal objectives and made grants lolalling £127,746 to other Child'S charities during the ygar. As a resuk, the Trustees are satisfied that the charty has fulfilled ils public services obligations. The Trustees confirm that in accordance with Section 17 of the Charities Act 2011, they have referred lo the Charity Commission's general guidance on public beneff( when reviewing the Trust's aims and objectives and in pkqnning their future grant maknng activities. Grant maklng pollclg$ Applications are reiVed from numerous organisations. The Trustees determine, wth consideration being given lo the availability of funds and the charitys objectives, which of the suitable applicants receive a grant award. Page 2
MICHAEL CRAWFORD CHILDREN'S CHARITY TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 OCT08ER 2025 Trustee$ The Trustees who served during the year and up to the date of this report were.. M P Crawford CBE A Clark K Dia5 N MacAller Crawford Investment powersi pollcy and perfomiance The Trustees have wide investment powers as set out in the governing document. Investments are made in range of shares and bonds and managed on a discretionary basis by external investment advise. The Board's investment policy Is lo aim for safety commensurate wlh immediate and planned spending requlremenls. The Board considers the performance of the investments to be in accordance wlh this policy. Further details of investments can be found in notes 11 and 12 to the financial slalements. The Trustees will continue to rnanage the charitys investment$ in fOrmity wth this poticy and the governing documènt. Resèrvès policy The Trustoes have now met their prewously stated objective of increasing the Expendable Endowment Fund to £5 million lo gstablish an ongoing lund to finance future donations. The Trustees will continue to review the level of their current and foreseeable expenditure in the light of future investment performance, general g¢onorni condthons and implementslion of their grant making policies. Rlsk fathirs The Board of Trustees are reSponsie for the management of risks faced by the charty. All major risks to which the charity is exposed have been identified, assessed and controls established a$ appropriate. Consequenuy the Trustee$ are satisfied that the major risks have been miligaled. Trustees. responsibilities statsmont The Trustees are responsible for preparing the TNstees' port artd the financial statements in accordance wth applicable law and United Kingdom Accounting Standards Iuniled Kingdom Generally Accepted Accountsng Practs'cel. The law applicable to charities in England & Wales requires the TNstees lo prepare financial stslements for each financial year which give a true and fair view of the slate of affairs of the charity and ol the incoming iesources 8nd application of resources of the charity for that period. In preparing these financsal statements, the Trustees are required to.. select Suitable accounting polici&$ and then apply them consistently; observe the methods and principles in the Charities SORP IFRS 1021.. make judgments and 8ccounling estimates that are reasonable and pnjdent.. slate whether applicable UK Accounting Standards IFRS 1021 have been followed, subject to any material departures disclosed and explained in the financial slalemenls.. ppare the financial statements on the going concern basis unless il 1$ inappropriate lo presume that the charity 11 continue in business. Page 3
MICblAEL CRAVIFORD CHILDREN'S CHARrrY TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 OCTOBER 2025 Th• Trust88s ar8 responsible for kegpirrfJ pr¢pr accounting r8ccKds that are suffv'ent to show and exF48in thè caritys tran$8ction$ 8nd dlsdose with asOnable accuracy at any time thè 11naftGk?I p0Son of the Charity and 8n8bl8 thm to ensure that the financk?I siatements cornply with the CharTbes Act 2011, the Charityes (Accounts and Reports) Regulation5 21yJ8 and provisions of the trust deed. They a aLso responsible for safeguarding tha assets of the charity and hanca for tang reasonabb steps for Ihe pvention and detedTon of fraud aad other irragulartties. Apprtyv8d by order of the members ofthe board of Trustsos and signed on their bahaff by. KDI TrustEa /9 A7-,/Z Pag? 4
MICHAEL CRAWFORD CHILDREN'S CHARI INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 OCTO8ER 2025 Independent Examlner's Rgport to th• Trusts•s of Mlchael Crawford Chlldrgn'$ Charlty I'tho Charity'l I report lo the chanty Trustees on my examination of the accounts of the Charity for the year ended 31 October 2025. This report is made solely to the charity Iru5tees, as a body. in accordance with section 145 of the Charities A 2011. My rk has been undertaken so that l rnighl slate lo the charity those matters l am required lo stsle lo them in an independent exarninerfs report and for no other purpose. To the lullest extent pemitted by law, I do not accept or assurne responsibilty lo anyone other than the charity and the charity trustees. Responslbllltles and Basls of Roport As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities kl 2011 Ilhe 2011 Act'l. I report in respect of my examination of the Charitys accounts rrIed out undar section 145 of the 2011 Act and in e4rrying out my examination I have followed the applicable Directn$ given by the Charty Commission under section 14515llbl of the 2017 Act. Indèpendènt Examlner's Statement I have completed my examination. I confirm that ng matters have come to my attention in connection wth the examination giving me cause to believe that in any material respect.. accounting records were nol kept in respect of the Charity as required by section 130 of the 2011 Act., or the accounts do not acr wth those records". or the accounts do not comply wlh the applicable requirements conceming the form and content of accounts sel out in the Charities (Accoun15 and Report51 Regulations 2008 other than any requirement that the accounts give a'lrue and fairf view which is not a matter considered as part of an independent examination. I have no COnrnS and have come across no other matters in connection wth the examination lo which attention should be drawn in this report in order lo enable a proper understanding of the aUnIS lo be reached. Dated: 10.04.26 Sonia Yeshin. FCA. For and on behalf of Adler Shine LLP Chartered Accounlanls Aston House Cornwall Avenue London N3 1 LF Page 5
MICHAEL CRAWFORD CHILDREN'S CHARITY STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 OCTOBER 2025 Expendable Endowment Fund 2025 Totsl funds 2025 Total fijnds 2024 Note Income from: Donations Investments 6.083 126,046 6,083 126,046 2,586 122,642 Total Incomg 132,129 132,129 125,228 Expendlture on: Raising funds 2.220 2,220 2,220 Charitable ath'vilies Other expgndilure 130,557 75.763 130,557 75,763 103,127 73,084 Total expendlture 208.540 208,540 178,431 Net expertdlture before inve5tsnent gainslllossg31 Nel 98ins on investments 176,4111 583,988 176,4111 583,988 153,2031 528,540 Net movement in funds 507,577 507,577 475,337 R¢¢onclIlaOn of funds: Total funds brought foNard Nel mvemenl in fijnds 6.150,740 507,577 6,150,740 507,577 5.675,403 475,337 Total funds Cathed forward 6.658,317 8,658.317 6.150,740 The Ststemenl of Financial Aclivilvès includes all galns and10$5es recognised in the year. The noles on pages 8 to 18 fom part of these financial statements. Page 6
IIICHAEL CRAWFORD CHILDRENE CHARTff BALANCE SHEEr A5 AT 31 OCTOBER 2025 2025 2024 F4xod a$8•ts InveStrnts 11 6.649,271 6,135.2S7 8,849,271 8,135,257 Current a¥s•ts Dgbtors Cash at bank and In hand 13 1,920 9.706 2,220 15.768 11.626 17,988 Creditors.. amounts falling due wlhin on8 14 (2,5801 12,5051 Nst ¢unBnt assets 9.046 15,483 Total ass•ts current IlablllU8S 8,656.317 6,150,740 Net assets 6.658,317 6,150,740 Total n•t ass•ts 6.858.317 8,150,740 Chartty fvnds Resthcted funds Expendable gndowmsnt fun 8.658.317 ,15).740 Totsl funds 6,658,317 6.150,740 Tho finanL?al statements were approval aftd authoylsed for issue bythe Trusl8es and Snad on thelT behaK ty. A Clar Trustee Trustee Oatè.. /0 047-/ 2¢1 Th8 not8s on pages 8 to 18 fonn part oflho88 financAèl statements. Page 7
MICHAEL CRAWFORD CHILDREN'S CHARI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2026 AccountSn9 pollclgs 1.1 Basjs of pr8paratlon of financlal statements The financial slalemenls have been prepared under the historical cost conventy'on with items recognised al cost or transaction value unless olheMse slated in the relevant notes to these accounts. The financial slalements have been prepared in accordance with the Slalement of Reeommended Pradice.. A¢¢ounling and Reporting by Charities preparing their accounts in accordance wlh the Financial Reporting Stsndard applicable in the UK and Republ tsf Ireland {FRS 1021 leffeclive 1 January 20191 and Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021 and the Charrties Act 2011. Michael Crawford Children's Charity constilues a public bènefit entity as defined by FRS 102. 1.2 Fund accountlng The charity maintains an Expendable Endowment Fund. The Trustees have cleaded lo allocate all voluntary income together with all investrnenl income to the Fund. In any given year, the Trustees may, bLrt need not, apply the balance standing lo the credit of the Expendable Endowment Fund In furthering the charivs objectives. 1.3 Income Donation inwe arising fr¢Jm donations and gifts are credited to the Statement of Financial Activities in the year in which they are received. Gift aid is also recognised on a received basis. Inve$lment income is recognised on an accruals basis. Page 8
MICHAEL CRAWFORD CHILDREN'S CHARir NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2026 Accountlng poll¢les Iconllnuedl 1.4 Exp8nditure Expendifure is recognised once there is a leg81 or constructive obligation to transfer economic benefit to a third party, il is probable that a transfer of economic benefits wl1 be required in settlement and the amount of the obligation can be measured reliably. Expenditure is da$sified by activity. The costs of each activity are made up of the total of direci costs and shared costs, including support costs involved in undertaking each activity. Direct costs allributsble to a single aelivity are allocated directly to that activity. Shared sts which conlribLJle lo more than one activity and support costs which are not attributable to a single acts'vity are apportioned between those a¢tNib'es on a basis consislenl with the use of resources. This comprises expenditure. including grants. incurred whdly or mainly in eonnection with the direct charitable activities of the charity. Expenditure on grant5 18 recorded once there is an uncondikn'onal commitment to pay the grant or it has been paid, whichever is the eartier. The tharity has not made any grant commitments of more than one year. li} Raising fijnds This comprises expenditure incurred in eonneetion wth the costs of genefab'ng donations. lill Charitable activities This Comprises expenditure, including grants, incurred wholly or mainly in connection with the direct charitsble activities of the charity. Expenditure on grants is recorded once there is an unconditional commitment to pay Ihe grant or il has been paid, whichever is the earfier. The charity has not made any grant commitments of more than one year. liiil Governance This comprises expenditure incufred In eonnection wlh the govemance ol the charity and is reeognised on an accwals basis. Expend"f(ure on raising funds indudes all expenditure incurred by the Charity lo raise funds for ils charitable purposes and includes costs of all fundraising ad'vilie$ events and non-charilable trading. Expenditure on charitable activities is incurred on directly undertaking the aclivÈlies which ftjrther the Charitys objectives. as well as any associated support costs. 1.5 Investments Fixed asset investments are a fomi of financial instrument and are Initially recognised al their transaction cost and subsequenlly measured at fair value al the balance sheet dale, using the midmarkel value al that dale. Profil and lo$$es on disposa15 and unrealised gains and losses on revaluations of listed investments are shown in the Statement of Finanryal Activities as a single item under the heading 'Gains on inveslmenls.. Page 9
MICHAEL CRAWFORD CHILDREN'S CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2026 Accountlng pollcles {conllnu•dl 1.6 Direct taxatlon The charity a registered charity and is generally exempt from income tax and Ptal gains lax but is not able to recover VAT. Irrecoverable VAT is induded in the cost of those items to which it relates. 1.7 Golng concern Al the lime of approving these financial statements the Trustees have a reasonable expectation that the eharity has adequate resourcos lo continue in operational existence for the next 12 months. The Trustees therefore consider it appropriate lo continue lo adopt the going concern basis in preparing the charity's financial statements and ther& is no material uncertainty th the charitys ability lo continue as a going concem. 1.8 Dgbtors Other debtors are recognised at the settlement amount. 1.9 Cash at bank and In hand Cash al bank and in hand includes cash and short term highly liquid investmen15 wth a short maturity of three months or less from the date of acquisrf(ion or opening of the deposit or similar acc£•unl. 1.10 Llabllltles and provlslon$ Liabilities are rgwgnised when there is an obligation at the balance sheet date as a result of a past event, il is probable that a transfer of economic benefrt will be required in settlement. and the amount of the settlement can be estsmaled reliably. 1.11 Flnanclal Instruments The Charity tsnly has finanual assets and finanaal liabilities of a kn'nd that qualify as basic financial inslrumenls. Basic financial instruments are initially recognised at transaction value and subsequently measured 81 their settlement value. 1.12 Interest and dlvld8nd$ rgcglvablo Interest and dividends from the investment port101 are recognised when recewed. Pa9e 10
MICHAEL CRAWFORD CHILDREN'S CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 Judgements In applylng accountlng poll¢les and key $ourc¢s of ostlmatlon and uncertalnty The prepaTalion of the financial slalemenls reqUIS managernenl lo make judgements, eslirnales and assumptions that affect the amounts reported for assets and Iiabil(ties as al the reporting date and the amounts reported fof revenues and expenses during the year. However. the nature of the e$lirnalion means that actual outcomes eould differ from those estimates. Ac¢mal$ The charity makes an estimate of arualS al the year end based on invoices received after the year end and work undertaken which has not been invoiced baseKI on quotations or eslimales of amounts that are due for payment. Investmonts The tharily makes an estimate of the value of listed investments at the year end based on valuath.on reports prepared by investment advisors. Trustees, bènefits: advances. credlt and guarantees None of the Trustees received any remuneration during the year nor were reimbursed for any expenses {2024- £nill. Income Irom donatlons Expendable Endowment Fund 2025 Total funds 2025 Donations 6,083 6,083 ExpendabKg Endowment Fund 2024 Total funds 2024 Donations 2.586 Page11
MICHAEL CRAWFORD CHILDREN'S CHARI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 Investment Incomé Expendab Endowrnenl Fund 2025 Total fvnds 2025 Income from listed investments Interest receivable 125,611 435 125,611 435 Total 2026 128,048 126.046 Expendable Endowment Fund 2024 Totsl funds 2024 Income from listed inve51ment5 Interest receivable 121,426 1,216 121.426 1.216 Total 2024 122,642 122.642 Anatysls of oxpendlture by expendlture typ Costs of genèratlng funds Totsl funds 2025 Other costs 2025 Expenditure on raising voluntary income 2.220 2.220 2.220 2,220 Page 12
MICHAEL CRAWFORD CHILDREN'S CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 Anatysls of gxpendlturg by expendlture typ• Icontlnuedl Total funds 2024 Other costs 2024 Expend(ture on raising voluntary income 2.220 2,220 2.220 2,220 Charltsblg acllvltlgs Totsl funds 2025 Other costs 2025 Donations lo other charities Govemance C¢)sts 127,746 2,811 127.746 2.811 Total 2026 130,557 130.557 Total funds 2024 Other costs 2024 Donations lo othor tharitses Gov8mance costs 100,406 2,721 100.406 2.721 Total 2024 103,127 103.127 The charity did not undertake any activity directly bul mel ils charitable purposes by making grants to other ¢hawities. Grant$ made were all in respect of the following.. Other charitable activities £127,74612024' £100,406}. Page 13
MICHAEL CRAWFORD CHILDREN'S CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 202S other charltable actlvttfes comprlsed: 2025 2024 The Sick Children's Trust Strongbones Children's Charitable Trust Handicapped Children's Action GfOUP DEMAND Designabilily Olh8rs 80,000 15,000 15,000 50,000 15,000 15,000 3,000 7,500 9,9C 17.746 Total 127,746 100.4C6 Govgrnancg costs 2025 2024 Independent examinali¢)n fees linduding VAT) General costs 2.595 216 2,505 216 Total 2,811 2,721 other oxpendEture Expendable Endowment Fund 2025 Total funds 2025 Investment management fees 75.763 75,763 Expendable Endowment Fund 2024 Total funds 2024 Inve$thient management fees 73,084 73.084 Page 14
MICHAEL CRAWFORD CHILDREN'S CHARI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 Net galn$ l {lossesl on Investments 2025 2024 Revaluation of investrnenls lo markèt value al year end Gain on disposal of investments 535,797 48,191 386,113 142.427 Total 583.988 528,540 10. Independent examlnatlon The independent examinels remuneration amount$ lo an independent examiner fee of £2,59512024 £2,505). Flxéd asset Investments LSsled securities Cost or valuatlon Al 3 November 2024 Additions Disposals Revaluab'ons 6,135,257 2,217,737 12,239,520) 535,797 Al 31 October 2025 6,649,271 Investments al market value MpriSe £6,649,271 12024.. £6,135.2571 worth of listed inveslments. All investments are held in the UK with Standard Life. Page 15
IAICHAEL CRAWFORD CHILDREN'S CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 12. Ll$tod Investm•nts at market value Comprlsed: 2025 2024 Money Market Instruments linc cashl Bonds UK Equities Overseas Equities Mylli asset 330,670 2,961,927 678,484 2,562,818 115,372 261,874 3,180,823 383,232 2,218,311 111,017 6,649.271 6,135,257 13. Debtors 2025 2024 Prepayinents and ?rUe income 1.920 2,220 Page 16
MICHAEL CRAWFORD CHILDREN'S CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 14. Credltors., Amounts falllng due wlthln one year 2025 2024 Accruals 2.580 2,505 15. Summary offunds Brought fonvard Incoming res¢)urces Expenditure Gainsl (Losses) Carried forward Expendable endowment fvnd 6,ISO,740 132,129 1208,540) 583,988 6,658,317 16. Analys1$ of net assets between funds Analysly of nèt assets btheon funds- current year Unrestricted funds 2025 Total funds 2025 Fixed asset investments Current assets Croditors due %Mthin one year 6.649,271 11,626 12,5801 6,649,271 11,626 12,5801 Total 6.658,317 6,658.317 Analysls of n•t assets between funds- prlor year Unroslricled funds 2024 Totsl fundy 2024 Fixed asset investments Current assets 6.135,257 17,988 {2,5051 6,135.257 17.988 12,5051 Creditors due within Dr year Totsl 6,150,740 6,150.740 Page 17
MICHAEL CRAWFORD CHILDREN'S CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2026 17. Rglatgd party tranu¢tlons Grants and donations payable include £80,00012024.. £50.000} payable lo The Sick Children's Trust, a charity of 1¢h Mr M CraIrd C8E is President. There 1$ no balance outstanding at the year end12024'. £nill. The Trustees consider there to be no ullimalo controlling party. Page 18