Company RegiStIon No. 03328436 (England and Wales) Registered Charity Number: 1064922 Lancashire Partnership Against Crime Limited Report of the Trustees and Financial Statements for the Year Ended 31 March 2023 (Limited by Guaranlee) 1111 1111 *ACCPUL6A• 2310912023 COMPANIES House
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LANCASHIRE PARTNERSHIP AGAINST CRIME LIMITED CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Poge Report of Ihe Trustees Independent Examinerfs Report to the Member5 Slalemenl of Financial ActivitEs Balance Sheet Notes to the Finanual Statements 10
LANCASHIRE PARTNERSHIP AGAINST CRIME LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 The Iruslees, who are also directois of the charity for the purposes of the Compan$ Acl 2006. present their report and the audited financial sialements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions ol the Statement of Recommended Practice ISORPI 'Aceounts'ng and Reporting by Chafilies" in preparing the annual report and financial statements of the charity. The financial statemen15 have been prepared in accordance wth the accounkn.ng policie5 set out in notes lo the accounts and eomply th the challty's governing document. the Charities Acl 2011 and Accounting and Rewrting by Charities." Statement of Recommended PraCte applicable to charities preparing their accounts in accordance with the Financial Reporting Standard appIats[e in the UK and Republic of Ireland putrfished in October 2019. REFERENCE AND ADMINISTRATIVE OAlLs Registered Company NuMr 03328436 (England and Wales) Règistered Charity Number 1064922 Registered Office PO Box 78 County Hall Preston PR1 8HX Trustees David Ronaky Smith Ichaimianl OBE John Bamett MBE DL Roger James Dudley Berry Philip Neil Davidson Ann Dean DL Adrian French Graham Leonard George Gooch Or Allison Elizabeth Jones PhD Dennis Mendoros OBE DL Russell Millhouse Katherine O'connor MBE Amanda Parker JP DL Suzana Sheldon•Edwards DL Cmgr. FCMI. FRSA Andrew James Snowden Wendy Ann Walker QPM Edwin John Walsh MBE Altsf Hussain Yusuf Resigned- 24 February 2023 Company Secretary Lancashire County Council Accountants MHA Moore and Smalley Richard House 9 Winckley Square Preston PR1 3HP Page 3
LANCASHIRE PARTNERSHIP AGAINST CRIME LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document. a deed of trust, and consts"tutes a limited CLJmpany, limited by guarantee, as defined by the Companies Act 2006. The Memorandum and Artides of Association were amended and approved on 29 June 2017 and the amended constitution is as follows", The Charity has ts¥o ststulory classes of director. A directo and B dIlOrS. The following pemanenl organisations have the power to appoint A directors as follows".- Lancashiie Con5tabulary- 2 Lancashire County Council The Police and Crime Commissioner- Laneashire Dislrict Leaders Group- 1 Class A directors have Ihe power to appoint Class B direclors. Training is wovided for Dire¢tor$ as required. Related party LANPAC Limited is a wholly owned subsidiary of the charity. A summary of transactKJns undertaken wth LANPAC during the year is set out in nole 9 of the financ*1 ststements. OBJECTIVES AND ACTWMES Aim ofthe Charty The Lancashire Partnership Agairtst Crime was estsblished in 1992 and is a partnership of Lanc8shire Businesses. publ Services and Voluntary OrganisatnS working togelher lo reduce levels of crime and disorder ross Lancashire, Blackwol and 81ackbum with Darwen. The Partnership has charitable ststus and is a company limited by guarantee which raises valuable addilional resour5 through fundraising events, charitable donations and grants. The aim of the charity is lo promote Ihe prevention and reduction of crime and anti-social behavioui in Lancashire and to support initsab.ves that lead to increased communrty safety and better quality of life for our region's residents and visitors. Achlevements in the year The Charity's main ath.vity continues lo be the payment of grants for projects linked lo the prevention of crime. Many of the schemes the chanty helps were designed to reassure and protect the vulnerable and elderfy, reduce incidents ol criminal damage and anlFTrsocial behavh)ur, reduce vehicle crime and domestic burglaries in addition to engaging with young people to introduce them into construthe Iwsure I"me aclivilies. The charty continues to award grants on application. E&h grani application is VIewed and authorised where il is considered to satisfy the objectNes of the chanty. In establishing the objectives and activib.es of the Charity, the Directors have haj due regard lo the guidance published by the Charty Commiswon on publK benefiL During Ihe year, the chaiity awarded 79 grants lo varK)u5 organi5alions and hosted successful confereKes on njral crime Prevention and other aa5 of crime prevention relevant lo members. Page 4
LANCASHIRE PARTNERSHIP AGAINST CRIME LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 Our Funding Established in 1992 the Lancashire Partnership Against Crime has gone from strength lo strength wth over £4 million being allocated towards projects Unty-wide. providing a significant addition to community safety and prosperity and making a 81 differerbce lo the communty of LarKashire. Funds ale raised in the charity largely from (kjnations. Through the trading Subsidiary. LANPAC Limited, we also raise funds from various events and the annual membership fee received from our members. LANPAC members represent the complete spectrum ol Lancashire's businesses and publtc setvices, including the police. l¢xal aulhorilies, national companies with branches in the county. small local fimis, pla of worship and even sole traders. No org3nisation is loo large or small and our graduated system of membership fees 15 designed lo ensure that no one is excludeé. We bdieve that our members exemplty the best of Lancashire, people who undeisland the Importance of corporate social responsibility and ts growng impact. tth on their working environment and the way they Ihemsefves are per1Ved by their customers. The charity or any person on behalf of the charty does not raise funds from the Publ by fundraising and does not use professional fundraisers. Our Membets The svpport of our members is vital to our success. We encourage partnership working and encourage matched funding being sought to ¢ompkn)ent any Mon allated by LANPAC lo pum*prime projects. As a result, this has rnulliplied our initial oulL8y fourfold, so that, in real terms. for every £400 donated to LANPAC in the fom ol a membership fee, it is in reality worth £1,600 to our charity Financial review Totsl incoming resources forthe yearwere £108,534 (2022-. £101,650). Total resourees expended were £145.787 12022.. £108,709). The charity had net outgoing reSoUrS of £37,25312022." £7,05SI. Reserves policy The free reserves ofthe Charity as al 31 March 2023 were £78.57612022.. É115.8291. The directors are regularly promoting granl applicab"ons. however grants awarded depend on the volume and quality of applications received. Investment powe Under the Articles of Association the Direclors have the power to expand the funds of the company in such manner as they shall consider mosl beneficial for the achievement of the objects. Risk management The trustees have a duty to identr'fy and VIeWthe risks lo which the charity is expose(l and lo ensure appropriate controls are in place lo provide reasonable assurance against fraud and error. The main risk to the charity is ensurin9 that gfanls are awarded to na fwje wqect& All projects appIationS are reviewed and the projects visited wherever possible. Going con¢em The Trustees consider that the charity has sufficient reserves to meel liabilities as they fall due for a period of al least twelve months from the date of the signing of the accounts. As such, the accounts are prepared on a going concern basi5. Page 5
LANCASHIRE PARTNERSHIP AGAINST CRIME LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 Remuneration of key management personnel The salary of the key Thanagemenl personnel 15 rrhel by Lancashire Constabulary and is in accordance with the relevant Lancashire Constabulary remunerakn.on scales. PLANS FOR FUTURE PERIOOS The Charity plans lo conbnue its grant makiro ¥b"vities and lo duce reserves through the awarding of larger amounts lo suitable bvjger projects. The Charity will also provide practKal supwrt in the fomi of conferences, particularly in those areas which are seen as wiorities. This repK)rt ha5 been prepared in actrdance wth the specFal p[owsn$ of Part 15 of Ihe Compan5 Act 2006 relating to small compan. 3010612023 Approved by the Board of Trustees on . . and were gned on its behalf by '. David Ronal Smith OBE- Tntee Page 6
LANCASHIRE PARTNERSHIP AGAINST CRIME LIMITED INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF LANCASHIRE PARTNERSHIP AGAINST CRIME LIMITED FOR THE YEAR ENDED 31 MARCH 2023 I report to the charity Irvstees on my examinal]"on of the accounts of the charity for the year ended 31 March 23 which are set out on pages 8 to 19. Responsibilities and basis of report As the Gharity trustees of the eompany land also its direetors for the purposes of company lawl you are responsible for the prepawalion of the accounts in aCrdance with the qu1ments of Ihe Companies Act 2006 I'the 20LK Act'i. Having satisfied myself that the CL)Unts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for Independent examination. I rep)rt in respect of my examination of youi company's accounts as carried out under sectK)n 145 01 the Charilies Act 2011 1.the 2Q11 ACYI. In carrying out my eXaMinatn I have folbwed the Directions given by the Chanty Commission under 5eth.on 14515llbl of the 2011 Act. Independent examlnerfs statement I have completed my examination. I conthm that no matters have come to my attentson in connection the examination giving me cause to bele that in any material respect 1.accounling records ¥*ere not kept in SpeCt of the company as required by section 386 of the 2006 Act.. or 2.the accounts do not xcord wrth those records." or 3.the accounts do not comply with the accounts.ng requiremenls ol seciKsn 396 of the 2006 Ael other than any qU4rement that the accounts give a 'true and farr viewl whKh is not a matter Consered as part of an independent examination., or 4.the accounts have not been prepared in accordance with the methods and principles of the Ststemenl of Recommended Practice for accounting and reporting by charities applicable lo charities preparing their accounts in accordance vmlh the Finanal Rewling Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no conGems arKf have come across no other matter5 in Connection with the examination lo whKh attention should be drawn In this report in order lo enab a proper understsnding of the accounts to be reached. Nicola Mason FCA DChA MHA Moore and Smalley Richard House Winckley Square Preston PR1 3HP .Q51Q712.023.............................. Dale Page 7
LANCASHIRE PARTNERSHIP AGAINST CRIME LIMITED STATEMENT OF FINANCIAL ACTMTIES {INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 UARCH 2023 Unrestrided general Restricted n(ts funds Total fijnds 2023 To¢al funds 2022 Income and end0¥nts from Note Donations and kgacies ch9r1tab acts"ub"es In)Aslnnts 7.261 70.613 100 77.864 11)0 30.570 85,324 100 16,226 30.570 Total Incoming resources 37.821 70.713 108.f34 101.650 Exp¢ndlture on Charil8bbÈ actikities 75,074 70.713 145,787 108.709 Totsl resources expended 75.074 70.713 145.787 108,709 Net (outgoing) l incoming resources (37,253) 137.253) (7,0591 Transfers ReconcltIOn of fvnds 8a&nces brought forward at 1 ApTiI 2022 12 121 538 128597 Balances carrièd forward at 31 March 2023 12 78.S76 5.709 84,285 121.538 Page 8
LANCASHIRE PARTNERSHIP AGAINST CRIME LIMITED BALANCE SHEET FOR THE YEAR ENDED 31 MARCH 2023 2023 2022 Unrestricted Restrkted Total funds Total funds fu Note InveStntS Current assets Cash at bank 128 873 123.164 5.709 128.873 153.868 Current liabilities Anx)unts faling due q1h1n one year 10 (44.590) 144.590) 132,332) Net current assets 78.574 5.709 84,283 121.536 Net assets 78.576 S,709 84.285 121.538 Represented by: Unrestricted fvnds Restricted funds 78,S76 78.576 115.829 78.676 5.709 285 121.538 FDr the financial year ended 31 March 2023 the company was entiued to exemption from audit under section 477 of the Companies Ael reL8tsng lo sm811 companies. The directors aCknOwdge their responsibilrties for complwng th the requirements of the Companies Aei 2006 with respect lo accounting record5 and the preparation of financial statements. The members have not required the company to obtsin an aLKlil of its financial ststements for the year in question in accordance with SeCn 476. These financial statements have been prepared in [dance wth the provtsions appIatsIe to companies subject to the small companies, regime. The fin ia ate 3010612023 nts We approved by the Board ofTrustees on ................. and We signed on its behalf David Ronald Smith OBE- Trustee Company Registration No. 03328436 (England and Wales) Page 9
LANCASHIRE PARTNERSHIP AGAINST CRIME LIMrrED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 ACCOUNTING POLICIES The prrnapal aceounting [l¢leS adopted, judgements and key sources of estimation UnrtaInty in the preparalioll of the financial stslemen15 a as follows".- Basis of preparing the financial statements LanGa5hire Partnership Again51 Crime Limited is a incorporated tharrty in England. In the event of Ihe charity being wound up, the liability in respect ofthe guarantee is limtted to £1 per memberofthe charity. The address of the registered office is gwen in the charity information of these financial ststements. The nature of the charty's OperatnS and prinupal actNrties a in the detailed in the Report of the Trustees. The charty constitutes a publ benefft enbty as defined by FRS 102. The financial ststements have been prepared in accordance with Accounkn"ng and Reporting by Chanties" Statement of Recomrnended Practice applicable to charities preparing their accounts in ar£ordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1.021 issued in October 2019 ,the Financial Reporting Standard applicab in the Unrted Kingdom and RepuNic of Iieland IFRS 1021. the Charities Act 2011, the Companies Act 2006 and UK Generalty Accepted Acc4)unting Practice. The linancl statements are prepared on a going nCern basi5 under the histori1 cost convenlKJn, modified to include certain items at fair value. The financBI statements are presented in sterling which is the functional curreY ol the charity and iounded lo the nearest £000. The significant accountsng policies applied in the preparation of these financial ststements are sel out below. These policies have been consistently applied lo all year5 psellted unless otherwise stated. Preparatlon of the accounts on a going ¢oncem basis" The financial slalements have been prepared on a going concem basis and the trustees believe that no material uncertainties exist. The Tfustees consider that the challty has sufficient reserves to meet lbIlitieS as they fall due for a period of al lea51 ts¥efve months from the date of the 5yning of the accounts. Income recognition Grants and other donabons income frorn donations is induded are included when the charity Is legally enlrtled lo the income after any perforrnan c0ndrtnS have teen met. the amount can be measured reliably and it Is probable that the Income will be received. Gift aid donations Ihe subsidiary company. LANPAC Limifed covenants to pay to the partnership a sum equal to 100% of the annual taxable profit of the company for eh accnunting period. This is ac££Junled for when received. Interest reNab- interest is Iuded ¥then receNatAe by the charity. Page 10
LANCASHIRE PARTNERSHIP AGAINST CRIME LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 1. ACCOUNTING POLICIES Income recognition Donated facilitS and donaletl professional servKes are rectsjnised in ino)me al their fair value when their economic benefit is probable, rt can be MeaSud relkqbly and the charity has control over the rtem. Fair value is determined on the basis of the value ol the gtft to the charty- For example the amount the charity would be willing to pay in the open market for such facilities a1 servi. A corTe5ponding arOunt is recognised in expenditure. Expenditure recognition AJI expenditure Is accounted for on an accruals basis and has been ctassified under headings that aggregate all costs rekted lo the category. Expenditure is recognwd where there is a legal or constructive obligation lo make payments to Ihird parts, (( is probabk Ihat the settlement wll be required and the amount of the oblKJab'on Can be measured reliabty.ll is categorised under the following headings.. Expenditure on charitatre aclNitE5 include5 grants. conference5, prOfessn01 fees Irrecoverable VAT is tharged as an expense &3ainsl the actsvity for which expendrture arose. Grants payable lo third parties are within the charrtable objectives. Where unconditional grants are offered. this is accrued as soon as the reeipienl is notified of the grdnt. as this gives rise to a reasonable expectation that the recipient will reeetve the grants. Where grants are condib'onal relating to perf0mnCe then the grant is only accrued when any unfulfilled conditions are outside of the control of the charity Investments Investments in subsidiaries are measured al cost less impaimient Future commitments Future commitments are to be met from ftre income. sLh commrtments are not prowded for until the ielevant expenditure becomes due. Taxation The charity is an exempt chanty within the meaning of schedule 3 of the Charities Act 2011 and 15 considered lo pass the tests set out in Paragraph 1 Schedule 6 Finan Act 2010 and therefore it meets the definilion of a Charitab company for UK corporation tax purposes. Judgements and k¥y sources of estimation uncertainty There are no judgements or key sources ol e51imab"on. Fund accounting unreStrted funds can be used in &COrae with the charilable objectives at the discretion of the IrL+Stees. Reslricled funds can only tse used for p3rticuL3r restricted purposes within th8 objects of the eharity. Restrictions arise when specified by the donor or when fuThJs are raised for particular restricted purposes. Furthei explanat}n of the natu and puipose of each funds is ineluded in the notes lo Ihe financial statements. Page 11
LANCASHIRE PARTNERSHIP AGAINST CRIME LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 2. DONATIONS Unrestrlcted general Restrieted funds Total ftJnd5 2023 Total funds 2022 Note Donations Donation in kir*J 7.2S1 7.251 26,449 7.251 70.613 77,864 85,324 The charity also benefits from using offKe SP at Lanc&8hire Constsbulary bul the value of this cannot be measured wlh reasonable accuracy. Prior year Unrestricted general Rèstricted funds Total fund5 2022 Total fund5 2021 Note Donations Donation in kind 26,449 131,293 62.667 58.875 26.449 S8,875 85.324 193,960 Page 12
LANCASHIRE PARTNERSHIP AGAINST CRIME LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 3. INCOME FROM CHARITABLE ACTIVThIES Unrestricted general Restricted funds Tot•1 funds 2023 Total funds 2022 Shriety Rose Bo*4 grant 11)0 100 Prior year income relates to restrthd funds. 4. INVESTMENT INCOIAE Unrestricted general Restrkted fvnds Total funds 2023 Total fund5 2022 Oeposit xcount interest In¢onE donated by the subsidiary 570 570 30,000 13 16,213 30,570 30.570 16,226 Prior year income relates to unrestrthd funds Page 13
LANCASHIRE PARTNERSHIP AGAINST CRIME LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 S. CHARITABLE ACTIVITIES COSTS Unrestrkttd general Restricted nds Total funds 2023 Total funds 2022 Pro1t grants Bank charges Conference costs Wages and salaries 13)Kernan¢e ¢¢)sts 60, 191 100 60.291 38,631 49 7,105 58,875 11,778 11,778 70.613 055 70.613 7S.074 70.713 144787 108,709 All grants are n>de to or9ani5ab.ons *xl grc)up5. Prior year Unrestrlcled Total Total general Restrict funds funds funds 2022 funds 2021 Project grants Bank charges Conference costs Wages and sahries &>K•rnae costs 39,324 49 7,105 (693) 38.631 49 7.105 58.875 150,424 51 5,134 62,667 $8,875 50.527 58.182 108.709 222,276 NET INCOMINGI{OUTGOINGI RESOURCES Net income I (expenditure} L% Staled after charging 2023 2022 Independenl e>2rrination fees Page 14
LANCASHIRE PARTNERSHIP AGAINST CRIME LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 STAFF COSTS 2023 2022 Not• Wages salaries National Insurance contribulions Penson ¢ontritwb"ons 57.570 5,371 50.322 3,419 70.613 58.875 There are 2 employees12022". 21. No empbyees receNed lolal employee benefits (excluding emptyer pension cosisl of more than £60,000 Key management personnel The remuneration (including National Insurance and pert$)n conlribulionsl in respect of key management personnel for the year included above was £43.919. TRUSTEES, REMUNERATION AND BENEFITS No twstees rec£ived remunefalion or other benefits for services a5 a trustee for the year ended 31 March 2023, nor for the year ended 31 March 2022. One of the trustees is jointly responsible for the day lo day administrat of the charity and ils subshliary and the cost of these service5 (together with the cost Df other adminislralnie slaffj mel by LancaShI Constabulary and shown as both a donation in kind (Note 21 ano expenditure (Note 7)- There were no Iruslees. expenses paKJ for the year ended 31 March 2023, nor for the year ended 31 March 2022. Page 15
LANCASHIRE PARTNERSHIP AGAINST CRIME LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 FIXED ASSET INVESTMENTS 2023 2022 InstrInI in subsid1 - LWAC Linibj LANPAC Limited Icompany number 03365702). Class of share: holding (>dinary 100 2023 2022 Fixeij assets Current assets Current habilb'es 2.076 87,976 2,768 67.768 84.361 67.055 Aggregate capitsl £2 and resenes 84,1 67,055 TurnoKer Cost of sales and adrrinistrali%e ewses oonab.ons Distnbution5 to parent chan'ty under gift aid Bank interest receiKpble CorF<Jrab"on tax 57,935 (10,756) 39.032 111,848) 130.(M)O} 127 116,2131 Relained profit kn disln'butlS 17.306 10.930 Page 16
LANCASHIRE PARTNERSHIP AGAINST CRIME LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 ArroLrts due b subshjiary undwtsking Unpaid share capitsl in subsidiary AccruaLs and deferred ir¢owe 41.562 26,413 44.590 32.332 11. MOVEMENT IN FUNDS Current year Brought 0MMg Resources forward resourcts expended Transf•rs 0110412022 Carrled forward 3110312023 Unrestricted fvnd5 GÈneral fuTh Restricted funds Pdice CrinE Convryssioner FuTrJ Shriewdty Rose BcApA Donation in knnd 5.71YJ 4709 100 11001 Total restrlcted funds S,709 70.713 170,713) 5,709 Total funds 121.538 108.S34 (145.787) The balarKes on the restricted lunds repie5ent donab.ons repIed %thich have not yet been allLKated to projects. The balance on the Pdice Crime CTrnrni5sioner Fund 15 for projects under the Community Action Fund. Page 17
LANCASHIRE PARTNERSHIP AGAINST CRIME LIMITED NOTES TO THE FlhlANCIAL STATEMENTS- CONTINUED FOR THE YEAR ENDED 31 MARCH 2022 11. MOVEMENT IN FUNDS Prior year Brought Incomlng Resources Carrd forward 3110312022 0110412021 unrestr1¢t ld$ neral fund 675 115829 Restricted ndS Police cadets Police Crirre Cotrrrissioner Fund Shrievaty Rose Bov Donation in kind Total reStrted funds 1.667 11.6671 5.709 1110 1100) Total funds 128 $97 121 538 12. NET ASSETS FUND The current year splrt of assets by fund is included on the balance sheet. The split for prior year is as follows.. 2022 Unrestrkted Restrict Total funds fund nds In%estr*nts Current assets Current lialm'lities 148,159 5,709 153,868 32 332 Total ndS 115.829 5.709 121.538 13. RELATED PARTY DISCLOSURES During the year, the fOlklr transactions have taken plxe behveen The Lancashire Partnership Against Crime Limited and its subsidiary e4)mpany LANPC Limrted. Distn"butions received from LINPAC Limited in the year ere £30.000. (2022. £16.2131. Included within creditors is a balance due to LANPAC Limitwj of £41,562 (2022.. £26,413). Page 18
LANCASHIRE PARTNERSHIP AGAINST CRIME LIMITED NOTES TO THE FINANCIAL STATEMENTS- CONTINUED FOR THE YEAR ENDED 31 MARCH 2022 14. EVENTS AFTER THE REPCIRTING DATE In accordance with the latest ICAEW guhlan, donatsons by a trading subsid43ry io its parent charity cannot be recognised as an expense but must be recognised a5 a distn"buth"on. Distributions can onty be recognised when they are paid or when a legal obligation for their payment is Created. The di5tn"bulion for the year ended 31 March 2023 of £47.998. will made by the subsidiary and recognised as income of the Charity in the year ending 31 March 2023. Page 19