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← Spitalfields Crypt Trust

2025-03-31-accounts

Company number: 03734793 Charity number: 1075947

Spitalfields Crypt Trust

Report and financial statements For the year ended 31 March 2025

Spitalfields Crypt Trust

Contents

For the year ended 31 March 2025

Reference and administrative information ....................................................................................... 2 Trustees’ annual report ................................................................................................................... 4 Independent auditor’s report......................................................................................................... 17 Statement of financial activities (incorporating an income and expenditure account) .................... 21 Balance sheet ................................................................................................................................ 22 Statement of cash flows ................................................................................................................ 23 Notes to the financial statements .................................................................................................. 24

Spitalfields Crypt Trust

Reference and administrative information

For the year ended 31 March 2025

Company number 03734793 Country of incorporation United Kingdom Charity number 1075947 Country of registration England & Wales

Registered office and operational address 116-118 Shoreditch High, Street, London, E1 6JN

Trustees Trustees, who are also directors under company law, who served during the year and up to the date of this report were as follows:

Philip Young Chair David Ely Andrew Enga Jean-Baptiste Petard Resigned 16/01/2025 Corin Pilling Matthew Ubogagu Rajul Gill Nicole Chapman Danielle Hillery Lorri Holding Al Mangan Ola Olabintan Susan Frith Company Secretary Nicole Brown Key management Tony Chasteauneuf Chief Executive (until 8/10/2024) personnel Louisa Snow Interim Chief Executive (from 9/10/2024) Permanent Chief Executive from 01/04/2025 Leah Johnson Director of Retail Louisa Snow Director of Services (until 8/10/2024) Liz Marshall Director of Fundraising, Communications & Marketing Bankers HSBC Bank plc 1- 3 Bishopsgate London EC2N 3AQ

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Spitalfields Crypt Trust

Reference and administrative information

For the year ended 31 March 2025

Solicitors Gowling WLG (Pro Bono support) 4 More London Place London SE1 2AU Auditor Sayer Vincent LLP Chartered Accountants and Statutory Auditor 110 Golden Lane London EC1Y 0TG Accountants JS2 Limited One Crown Square Church Street East Woking Surrey GU21 6HR

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Spitalfields Crypt Trust

Trustees’ annual report

For the year ended 31 March 2025

The Trustees, who act in the role of directors, present their report together with the financial statements of the Trust for the year ended 31 March 2025.

The reference and administrative information set out on pages 2 to 3 form part of this report. The financial statements comply with current statutory requirements, the Memorandum and Articles of Association and the Statement of Recommended Practice – Accounting and Reporting by Charities (SORP applicable to charities preparing their accounts in accordance with FRS 102).

Welcome/Introduction

Welcome to our Annual Report for 2024 to 2025. Based in East London, our charity is committed to supporting people experiencing homelessness and in recovery from addictions. Through our services, we strive to empower those we support to foster lasting positive change in their lives.

From our Chair of Trustees, Philip Young

I am always inspired by the people we support; people who access our services when they’ve reached the worst times in their lives and demonstrate considerable resilience as they work with SCT to turn their lives around to establish lasting recovery from homelessness, addictions and associated trauma.

As we continued to navigate challenging times during 2024 to 2025, we drew inspiration from the people we support. We were inspired by the people supported by our Housing First service, the residents of Acorn House who complete an intensive six-month programme, and everyone who finds a supportive recovery community by participating in our Training and Development programme. We are inspired to continue to offer life-transforming and life-saving support, at the same time as navigating rising costs and an extremely challenging environment for income generation.

The Board of Trustees, alongside the Senior Leadership Team, took some difficult decisions during the year, including restructuring our retail and operations teams to ensure financial resilience in the face of economic uncertainty. These decisions are never easy, but we draw on the strength of those who use our services to navigate difficult times.

Community and transformation are at the heart of SCT. This year, we have seen this spirit shine through in our retail team’s response to strategic change, and the positive way they have welcomed more volunteers into our charity shops. It’s thanks to our volunteer community and the professionalism of our retail team that our shops and social enterprises are set to continue to thrive for years to come.

With Dr Louisa Snow stepping into the role of CEO, and the continued dedication and talent of the SCT team, as SCT enters its 60[th] year, I’m confident that we’ll be here for as long as people need our support.

Philip Young, Chair of Trustees, September 2025

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Trustees’ annual report

For the year ended 31 March 2025

From our CEO, Louisa Snow

No one chooses a life of addiction, and no one chooses to be homeless. Often rooted in childhood trauma, multiple exclusion and experiences of abuse and violence, both the causes and solutions of addiction and homelessness are complex. In London alone, over 13,000 people were found sleeping on the streets during the past year, with the majority reported to have substance misuse and/or mental health needs.

We support people to transform their lives, working with some of the most multiply disadvantaged people in society. People who, all too often, don’t have the means to access the services they desperately need. We’re proud that our services are life-changing, and with the average age of death of people who die while homeless standing at just 44 years old, our work is often lifesaving.

Our residential addictions recovery programme, which provides intensive addictions counselling coupled with tenancy sustainment support, our Training and Development programme, supported housing, and Housing First services, all provide opportunities for people to find a lasting recovery. Without our intervention, many of the people we support would remain in an almost impossible-to-escape cycle of homelessness and addiction.

As we enter our sixtieth year, our resolve is stronger than ever. Like many in our sector, SCT faces financial insecurity, rising costs, increased demand and a challenging fundraising environment. We have taken some difficult decisions over the last six months to safeguard our future, including the restructure of our retail and operational teams. This decisive action has helped create the conditions for improved financial performance going forward.

Despite these obstacles, there is much to celebrate. We ensured that funding for our Housing First service is sustainable, the dedication of our gardening volunteers was recognised with another Green Flag Award, and our annual Art Exhibition continued to grow in popularity. We are also proud that our retail operations continued to thrive.

Community is at the heart of what we do. We are incredibly fortunate to have a dedicated community of staff and volunteers who have shown resilience through difficult times. We don’t receive any direct government funding, and are very grateful to all our donors, fundraisers and supporters who have continued to be part of SCT by providing vital funds. We couldn’t support and enable people to transform their lives without this support.

Over the next 12 months, we will continue to focus on navigating significant financial challenges at the same time as evolving our strategy, including embedding co-production into our Training and Development programme and looking for opportunities to extend the support we offer to women within our services. Thank you to everyone who has been part of the SCT community over the past year. Your contributions are transformative.

Louisa Snow, CEO, September 2025

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Spitalfields Crypt Trust

For the year ended 31 March 2025

Trustees’ annual report

About SCT

SCT has been supporting people to transform their lives since 1965. We have changed how we deliver that support since our inception – when we opened a night shelter and soup kitchen in Christ Church Spitalfields – but the challenges of homelessness and addiction remain.

Over the last decade, the number of people recorded sleeping rough each year in London has increased by 75% - from 7,581 in 2014-2015, to 13,200 in 2024-2025. Data relating to people “living on the streets”, which suggests a more sustained and chronic situation, have increased by 90% compared with ten years ago. Similarly, rates of substance misuse have worsened over the past decade. Alcohol-related harm in London has increased, particularly in terms of mortality, despite modest gains in treatment outcomes. Both drug use and overdose-related deaths are increasing steadily. The pandemic likely exacerbated both alcohol and drug addictions, building on long-term upward trajectories.

Perhaps nowhere is the devastating impact of homelessness and addiction more evident than in the data on life expectancy. The average age of death for homeless people in England remains consistently in the mid-40s, both historically and more recently. This translates to a mortality age gap of approximately 30–35 years compared to the general population—reflecting the ongoing and severe issue of premature death in this group. Data spanning over two decades and shows little improvement over time — underscoring persistent health risks and social inequalities faced by people experiencing homelessness.

All our services are intended to enable people with histories of homelessness, addiction, and associated trauma to develop the networks, skills and confidence they need to establish lasting recovery and build more fulfilling and productive lives. We offer a residential service (‘Acorn House’) supporting men experiencing homelessness who wish to participate in an in-depth, long-term abstinent-based addictions recovery programme that allows people to address the causes of their addictions, to prevent recurrence, and to build firm foundations for the future.

Our in-house Addictions Counsellors work alongside our Supported Housing team, offering people trauma-informed, person-centered and multi-disciplinary support to enable them to focus on their recovery. Graduates of our recovery programme are eligible for longer-term support in our ‘move-on’ house, where residents are offered ongoing support to further embed their recovery, and take time to decide on the next steps in their lives.

Our Training and Development team offers a range of skills-based and creative activities both to those in our residential services, and to people in the wider recovery community. Amongst the activities on offer are Art, Literacy and Creative Writing, Digital Skills, Gardening and Woodworking. Our intention is to support people to discover new skills, build their self-esteem and improve their wellbeing, alongside offering meaningful volunteering opportunities to ease the isolation often associated with recovery.

Our Housing First service provides people with immediate access to safe, affordable housing for as long as it is required, without the preconditions often attached to other forms of housing. Once housed, residents are supported to address issues like addiction or mental ill-health, leading to greater stability,

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improved physical and psychological health, and reduced reliance on emergency services.

In terms of service delivery, 49 people took up residency in Acorn House to participate in our recovery programme. Of those no longer resident at the end of the reporting period, 43% had achieve at least six months’ abstinent recovery from various (often multiple) substances, an outcome that compares favourably with similar services. Given the levels of adverse childhood events, trauma, and multiple exclusion experienced by those we support, we are proud of our residents’ achievements.

Eleven of those who graduated from our addictions recovery programme continued to embed their recovery in our ‘move-on’ housing, where residents can stay for up to two years while being supported into longer-term accommodation. Including those who were already resident at the beginning of the reporting period, we have supported 19 people in our move-on house throughout the year.

We are proud that more than 80% of Housing First residents supported since the service was introduced in 2020 have sustained their tenancies. We supported 19 people this year, offering a range of personcentered, trauma-informed and personalised support, in partnership with other organisations.

Our Training and Development programme, open to all who access our accommodation-based services, as well as those in the wider community, delivered over 1000 sessions throughout the year, including Art, Digital Skills, Literacy, Creative Writing, Woodworking/furniture restoration and Gardening.

We are proud to be part of the vibrant and diverse East London community. Our nine charity shops and two social enterprises offer spaces for people to shop, volunteer, and connect with others, while generating vital, unrestricted income to enable us to deliver our services.

About this report

The trustees review the aims, objectives and activities of the charity each year. This report looks at what the charity has achieved and the outcomes of its work in the reporting period. The trustees report the success of each key activity and the benefits the charity has brought to those groups of people that it is set up to help. The review also helps the trustees ensure the charity's aims, objectives, and activities remain focused on its stated purposes.

The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning its future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives that have been set.

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Our Vision, Mission, and Principles

Vision

Our vision is a society where anyone with drug or alcohol addictions and complex needs can transform their life.

Mission

Our mission is to enable people with drug or alcohol addictions and complex needs to achieve lasting recovery and a more fulfilling life. Through our services, and by working with others, we aim to provide the UK’s most effective and compassionate recovery programme.

Principles

Financial Statement

Performance

Total income for this year was £2,978,698 (2024: £2,676,832) and total expenditure was £3,142,329 (2024: £3,014,838) which has meant an overall deficit of £163,631 (2024: £338,006). Of this there was a deficit to restricted funds of £19,841 (2024: £132,439) and a deficit in unrestricted funds of £143,790 (2024: £205,567).

Reserves policy and Going Concern

The Trustees set the target for unrestricted free reserves taking into consideration the need to

The target is calculated with reference to

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Based on the above considerations, the Trustees have therefore set the aspiration for unrestricted free reserves to be circa £470K. This equates to 50% of unrestricted expenditure (excluding retail) as based on the actuals for the year to 31[st] March 2024.

Designated funds represent the value of unrestricted funds invested in fixed assets, which are not readily available for other purposes, and are therefore excluded from the calculation of free reserves. The Board keeps the reserves position under regular review.

The Trustees calculate the free reserves, net of designated funds, at the balance sheet of 31[st] March 2025 to be £194,000.

The reserves are below the target level of free reserves, and so the Trustees review the reserves level regularly, and are in the process of establishing what changes are needed to ensure services can be built back up to closer the target level.

The trustees have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least 1 year from the date of approval of the financial statements. The trustees and the management team have reviewed all budgets and expected income and expenditure projections and have concluded that, there is a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The charity, therefore, continues to adopt the going concern basis in preparing its financial statements. There are further comments on financial risk management below.

Investment policy

Surplus cash is held in either a 1-year fixed term deposit account or instant access accounts, spread across banks to minimise risk.

Principal risks and uncertainties

The Board of Trustees is responsible for the management of risks faced by the Charity. Detailed consideration of risk is delegated to the managers of departments who are responsible, with the Chief Executive Officer, for documenting identifiable risks and taking active steps to manage them. The main risks facing the charity are:

Reputational Risks

Safeguarding the charity’s reputation is a primary duty of the Trustees and SCT has taken steps to ensure that specific reputational risks are managed proactively. SCT has formal written policies and procedures, including Crisis Communications, a clear chain of communication, and a programme of staff training, to mitigate the risk to the charity’s reputation. SCT is also increasingly inviting external evaluation of its services and programmes, to gather objective, external opinion and benchmarks.

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Health, safety, and safeguarding

Risks arising from Health & Safety and Safeguarding – SCT takes seriously its responsibility to provide an environment for staff, service users and volunteers that is safe and free from discrimination, harassment and victimisation. To mitigate this risk, SCT has formal policies in place covering Health & Safety, Equalities and Safeguarding, which are reviewed regularly, as well as specific risk assessments relating to different areas of service delivery.

Data risks

SCT recognises the risk posed by the possibility of data management issues to its reputation and operations, and the need to comply with the General Data Protection Regulation (GDPR), which came into effect in May 2018. To mitigate against the risks arising from data management issues, SCT’s data is hosted remotely by Fluid IT Ltd. SCT is registered with the Information Commissioner and is also registered with the Fundraising Regulator, which has implemented the Fundraising Preference Service to enable individuals to opt out of communications from charities.

In May 2025, SCT was subject to a phishing attack, whereby a member of staff received an email from a recognised platform and was asked to provide personal details, which they did. The staff member immediately realised this was cyber-attack and notified SCT’s external IT support team, who were able to secure the email address. All affected contacts were informed, and the Senior Leadership Team is working closely with cybersecurity insurers to conduct a thorough analysis following a comprehensive data review. The incident was promptly reported to the Information Commissioner’s Office and the Chairty Commission, both of whom have responded to say that no further information is required unless anything else reportable is identified.

Financial risks

The voluntary and community sector continues to navigate financial challenges. Like many others, SCT operates in a climate where grant-makers’ resources are stretched, local authority budgets face cuts, and individual giving feels the strain of economic uncertainty. In the midst of these challenges, we are fortunate to have the support of our nine charity shops and two social enterprises, which play a vital role in sustaining our work. We are committed to growing these enterprises further as resources allow, strengthening our ability to serve the community. In the context of an increasingly challenging economic climate, the cost of running our organisation continues to rise, particularly in relation to salary and NI increases. Despite these pressures, we remain firmly committed to being a London Living Wage employer, reflecting our dedication to fair pay and the wellbeing of everyone who contributes to our work.

As we enter 2025/26, SCT is focussed on minimising expenditure and continuing to invest to grow income for the future. To this end, we have restructured our Fundraising, Communications and Marketing team, having introduced a Fundraising Manager. The structure enhances our capacity to raise the organisation’s profile and generate/diversify our income.

We have also restructured our Retail Directorate with the intention of reducing our headcount, resulting in three redundancies, such that each of managers now has oversight of two stores, better reflecting

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charity retail more widely. Elsewhere in the organisation, we removed two relatively high-paid positions (one in Operations and one in Services) to further reduce costs.

We will continue to review our structure and consider further reorganisation if necessary to ensure efficiency and sustainability. To mitigate risk, SCT has in place a comprehensive system of strategic planning, budgeting, quarterly forecasting and management accounting. The Board, and Senior Leadership Team, ensure our services, staff teams and charity shops are well-managed and operating to their full potential. The Board regularly reviews financial performance and is supported by a Finance Committee, comprised of four trustees, and contributed to by our Senior Leadership Team, management accountants and other key personnel.

Fundraising

We raise funds in a variety of ways, by securing grants from charitable trusts, individual giving, events and community and corporate fundraising. Our fundraising is entirely managed in-house. We did not use external professional fundraisers or have any commercial participators between 1 April 2024 and 31 March 2025. We are members of the Fundraising Regulator and adhere to its code of practice.

We have an Ethical Fundraising policy, follow the principle of 'know your donor' as set out by the Institute of Fundraising and the Fundraising Regulator, and have a Complaints Policy, accessed via our website. There were no examples of non-compliance with the Institute of Fundraising or the Fundraising Regulator’s codes, and we received no complaints during the year.

We provide individualised support for all our fundraisers. We manage third party events fundraising via ‘Run for Charity’ and manage donor stewardship for all owned SCT events. We always ask people to raise funds via Just Giving which enables us to monitor income and ensures money raised goes directly to us. We provide fundraisers who are undertaking larger scale or bespoke activities with letters of understanding, which outline the responsibilities of both parties.

It rare that a donor is not known to us or that a gift is unexpected. However, if we were to receive an unexpected gift from a new donor, we would take steps to contact them to ensure we were the intended recipient of the donation, and to understand any restructuration.

Restricted trust fundraising remains our largest source of income, but securing funding in this area is increasingly difficult. The environment is highly competitive, with more organisations applying for limited funds, and many trusts now choosing to distribute smaller grants across a wider range of beneficiaries. This trend creates additional pressure on organisations such as ours, which depend on sustained levels of support to deliver services effectively. Alongside trusts, our income is generated through individual giving, events, community initiatives, and corporate partnerships. Each of these areas has been affected by the wider economic climate, with the cost-of-living crisis making fundraising particularly challenging.

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Trustees’ annual report

For the year ended 31 March 2025

Despite this, we raised £648,845 against a reforecast target of £670,546. Restricted trust fundraising performed strongly, achieving 97% of its target, and remained the most resilient area of income generation.

Looking ahead, the increasingly competitive funding landscape highlights the importance of maintaining strong relationships with existing trusts, donors and corporate supporters, while continuing to diversify income streams to support financial sustainability.

Fundraising income this year came from the following sources:

Donations: Unrestricted £321,099 Donations: Restricted £306,029 Gift Aid: £21,717

Restricted income was allocated to the following funds:

Choices Recovery: £2,000 Housing First: £165,500 Retail: £1,800 Progressions: £9,637 Addictions recovery programme: £73,000 Training and development programme: £54,092

We are registered with the Fundraising Regulator and received no complaints about our fundraising practices during the financial year. Details of our Fundraising Complaints Policy can be found on our website: www.sct.org.uk/contact

Thank you to our funders

Particular thanks go to the following funders that provided grants and donations of £5,000 or more between 1 April 2024 and 31 March 2025.

29 May 1961 Alice Roughton Foundation Beatrice Laing Charitable Trust Benefact Trust DD McPhail Garfield Weston Joseph Rank Mackie Foundation Martin Geddes Trust Mary Kinross Charitable Trust Merchant Taylors Safe Haven London The Henry Smith Charity

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The Worshipful Company of Cutlers

The Worshipful Company of Clothworkers Worshipful Company of Tobacco Pipe Makers and Blenders True Compliance

Structure, governance and management

Governance

Spitalfields Crypt Trust (‘the Charity’), also known as SCT, is a registered charity (Number 1075947) and was incorporated as a company limited by guarantee and not having a share capital (Number 03734793) on 17 March 1999. The guarantee of each member is limited to £10.

The Trust had a wholly-owned non-charitable subsidiary, Spitalfields Crypt Trading Limited, which had been dormant and was dissolved in February 2023.

The governing document is the Memorandum and Articles of Association of the charitable company (updated and adopted by Special Resolution on 10 December 2012).

All trustees give their time voluntarily and receive no benefits from the charity. Any expenses reclaimed from the charity are set out in note 6 to the accounts.

Recruitment and training of trustees

Trustees are appointed by the existing Board, with due consideration to the inclusive Christian ethos of the Charity, the skills and experience that each prospective Trustee can contribute to the Charity, and a skills audit of the existing Board members. A new Trustee is introduced to the work of the Charity and is given a copy of the governing document, latest annual report, minutes of recent meetings and other documents in line with the Charity Commission’s ‘Finding New Trustees’ guide. The Trustee is then briefed on the vision, mission, strategy and objectives, and fully advised on the financial position of the Charity. He or she will be encouraged to visit operational departments to become acquainted with the range of work carried out by the Charity. Trustees are advised about training courses and resources that may help them to discharge their responsibilities more effectively.

Organisational structure

The Board meets four times a year, or as required, and all heads of department submit Briefing Reports in advance of each meeting to the Board. The main business of such meetings is:

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The Chair of the Board of Trustees meets regularly with the Chief Executive Officer to review operations in relation to the agreed Strategic Plan.

The day-to-day running of the Charity is devolved to the Chief Executive Officer.

Inclusive Christian ethos

At SCT, we see a clear connection between best practice in addictions recovery and in our inclusive Christian ethos, and we’re committed to continually learning and growing by engaging with both. Since its inception, SCT’s work has been inspired and motivated by Christian faith and values. The life and teaching of Jesus is characterised by love – a love which is honest and challenging, accepting and healing. Our staff demonstrate similar characteristics, showing warmth and kindness while being clear and direct.

We are committed to working with people of any faith or none, and to helping them at their point of immediate need. We aim to provide a variety of pathways to recovery, wholeness and new life, tailored to individual needs and aspirations. In some of these pathways we offer opportunities to explore the relevance of the Christian faith, which are always optional.

We recognise that the long term effects of homelessness, addiction, poverty, and other forms of social isolation are deeply damaging to the human body, mind and spirit, but we are passionate in our belief that people can experience real and lasting change in their lives.

Staff are expected to comply with the highest standards, and will be given opportunities to develop their professional skills. We aim to offer a safe environment and a sense of community for all our service users and staff, and to maintain a culture of openness, respect, trust and accountability.

Remuneration policy

Trustees set the salary of the Chief Executive, using market-benchmarking and other data to inform their decision. The Chief Executive sets the salaries of all other staff, using market- benchmarking and other data to review pay levels.

Statement of Trustees’ responsibilities

The trustees (who are also directors of Spitalfields Crypt Trust for the purposes of company law) are responsible for preparing the trustees’ annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable

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company for that period. In preparing these financial statements, the trustees are required to:

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

In so far as the trustees are aware:

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Members of the charity guarantee to contribute an amount not exceeding £10 to the assets of the charity in the event of winding up. The total number of such guarantees at year end 31 March 2025 was 12 (2024:12). The trustees are members of the charity but this entitles them only to voting rights. The trustees have no beneficial interest in charity.

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Auditor

Sayer Vincent LLP was re-appointed as the charitable company's auditor during the year and has expressed its willingness to continue in that capacity.

The trustees’ annual report has been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.

The trustees’ annual report has been approved by the trustees on 22 September 2025 and signed on their behalf by

Philip J. Young Chairman

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Independent auditor’s report

To the members of

Spitalfields Crypt Trust

Opinion

We have audited the financial statements of Spitalfields Crypt Trust (the ‘charitable company’) for the year ended 31 March 2025 which comprise the statement of financial activities, balance sheet, statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

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

Conclusions relating to going concern

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

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

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

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To the members of

Spitalfields Crypt Trust

Other Information

The other information comprises the information included in the trustees’ annual report other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

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

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees’ annual report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the statement of trustees’ responsibilities set out in the trustees’ annual report, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give

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To the members of

Spitalfields Crypt Trust

a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

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

Auditor’s responsibilities for the audit of the financial statements

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

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud are set out below.

Capability of the audit in detecting irregularities

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

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Independent auditor’s report

To the members of

Spitalfields Crypt Trust

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report

This report is made solely to the charitable company's members as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law,

we do not accept or assume responsibility to anyone other than the charitable company and the

charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Judith Miller (Senior statutory auditor)

27 October 2025

for and on behalf of Sayer Vincent LLP, Statutory Auditor 110 Golden Lane, London, EC1Y 0TG

20

Spitalfields Crypt Trust

Statement of Financial Activities (incorporating an Income and Expenditure Account)

For the year ended 31 March 2025

Note Restricted
£
Income
Donations and legacies
2
Residential Recovery Support
240,500
Training & Development
63,729
Charity Shops & Social Enterprise
1,800
Other donations and legacies
-
3
Residential Recovery Support
-
Charity Shops & Social Enterprise
-
Income from investments
-
Other income
-
Total income
306,029
Expenditure
Expenditure on raising funds:
Costs of generating voluntary income
-
1,800
Expenditure on charitable activities
Drop In Services
-
Residential Recovery Support
269,978
Training & Development
54,092
Total expenditure
4
325,870
6
(19,841)
Reconciliation of funds
Total funds brought forward
78,690
Total funds carried forward
14
58,849
Other trading activities
Income from charitable activities
Charity Shops & Social Enterprise
Net (expenditure)/income for the year
before transfers		 £
400
100
-
342,316
492,360
1,825,354
10,004
2,135
2,672,669
237,453
1,591,918
130
895,662
91,296
2,816,459
(143,790)
946,134
802,344
Unrestricted		 2025
Total
£
240,900
63,829
1,800
342,316
492,360
1,825,354
10,004
2,135		 2024
Total
£
245,500
38,574
4,817
235,566
537,273
1,613,468
1,635
-
2,978,698 2,676,832
237,453
1,593,718
130
1,165,640
145,388		 271,784
1,402,739
16,435
1,133,247
190,633
3,142,329 3,014,838
(163,631)
1,024,824		 (338,006)
1,362,830
861,193 1,024,824

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are shown in note 13.

21

Company no.03734793

Spitalfields Crypt Trust

Balance sheet

As at 31 March 2025

Note
Fixed assets
Tangible fixed assets
9
Current assets
Debtors
10
Short term deposits
Cash at bank and in hand
Liabilities
Creditors: amounts due within one year
11
Net current assets
Net assets
12
The funds of the charity
Restricted funds
Unrestricted funds
Designated funds - fixed asset fund
General funds
Total charity funds
13		 £
351,300
-
471,472		 2025

£
608,818

252,375
861,193
58,849
608,817
193,527
861,193		 £
254,193
-
759,854
1,014,047		 2024
£
628,098
396,726
1,024,824
78,690
822,772
(570,397)
(617,322)
628,098
318,036
1024824

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

Approved by the trustees on 22 September 2025 and signed on their behalf by

Philip J. Young Chairman

22

Spitalfields Crypt Trust

Statement of Cashflows

For the year ended 31 March 2025
2025
2024
Note
£
£
£
Cash flows from operating activities:
Net expenditure for the year
6
(163,631)
(338,006)
Adjustments for:
Depreciation charges
9
42,301
46,964
Interest
(10,004)
(1,635)
Increase in debtors
(97,107)
(39,029)
Decrease in creditors
(46,925)
126,942
Net cash provided by operating
activities
(275,366)
Cash flows from investing activities:
Interest
10,004
1,635
Purchase of tangible fixed assets
9
(23,020)
(23,923)
Net cash used in investing activities
(13,016)
Cash flows from financing activities:
Repayments of borrowing
11
-
(42,160)
Net cash provided by (used in) financing activities
-
Change in cash and cash equivalents in the year
(288,382)
Cash and cash equivalents at the beginning of the year
759,854
Cash and cash equivalents at the end of the year
471,472
Cash and cash equivalents consist of:
Short term deposits
-
Cash at bank
471,472
471,472
 £
(204,765)
(22,288)
(42,160)
(269,213)
1,029,067
759,854
-
759,854
759,854

23

Spitalfields Crypt Trust

Notes to the financial statements

For the year ended 31 March 2025

1. Accounting policies Statutory information

Spitalfields Crypt Trust is a charitable company limited by guarantee and is incorporated in England and Wales. Registered office: Acorn House, 116-118 Shoreditch High Street, London, E1 6JN.

a) Basis of preparation

These financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and Companies Act 2006. The Charity is a public benefit entity for the purposes of FRS 102 and therefore has also prepared the financial statements in accordance with the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (The FRS 102 Charities SORP) and the Charities Act 2011.

At 31st March 2025, the charity has unrestricted general funds totalling £193,527 (2024: £318,036) these have reduced as a result of the deficit for the year of £143,790 (2024 Deficit: £205,567). The accounts have been prepared on a going concern which the Trustees believe to be appropriate on the basis of their review of budgets and cash flow forecasts prepared for a period of 12 months from the date these accounts were approved. The Trustees confirm there are no material uncertainties in relation to going concern.

b) Income

All income is included in the statement of financial activities when the charity is entitled to, it is probable that the income will be received and the amount can be measured reliably and is not deferred. The following policies are applied to particular categories of income:

Donations are recognised as income when the charity has control over, or received, the donation, any conditions associated with the donation have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), volunteer time is not recognised so refer to the trustees’ annual report for more information about their contribution.

Clothing and other items donated for resale through the charity's shops are included as incoming resources within activities for generating funds when they are sold.

Incoming resources from charitable trading activity are accounted for when earned.

Revenue grants are credited to the statement of financial activities when receivable.

Where unconditional entitlement to grants receivable is dependent upon fulfilment of conditions within the charity's

c) Expenditure

Expenditure is recognised in the period in which it are incurred. Expenditure includes attributable VAT which cannot be

Expenditure is allocated to the particular activity where the cost relates directly to that activity. Support and governance

Where information about the aims, objectives and projects of the charity is provided to potential beneficiaries, the costs

Where such information about the aims, objectives and projects of the charity is also provided to potential donors, activity costs are apportioned between fundraising and charitable activities on the basis of area of literature occupied by each activity.

Costs of generating funds relate to the costs incurred by the charitable company in inducing third parties to make voluntary contributions to it, as well as the cost of any activities with a fundraising purpose.

Governance costs are the costs associated with the governance arrangements of the charity. These costs are associated with constitutional and statutory requirements and include any costs associated with the strategic management of the charity’s activities.

24

Spitalfields Crypt Trust

Notes to the financial statements

For the year ended 31 March 2025

1. Accounting policies (continued)

d) Funds

Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria

Unrestricted funds are donations and other incoming resources received or generated for the charitable purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular purposes.

e) Fixed assets and depreciation

Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its

Long term leasehold property 50 years
Short term leasehold property Life of the lease
Motor vehicles 4 years
Furniture, fixtures and equipment 3 years

Items of equipment are capitalised where the purchase price exceeds £1,000. Depreciation costs are allocated to activities on the basis of the use of the related assets in those activities. Assets are reviewed for impairment if circumstances indicate their carrying value may exceed their net realisable value and value in use.

f) Pensions

The charitable company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charitable company in an independently administered fund. The pension cost charge represents contributions payable under the scheme by the charitable company to the fund. The charitable company has no liability under the scheme other than for the payment of those contributions.

g) Operating leases

Rental charges are charged on a straight line basis over the term of the lease.

h) Cash and cash equivalents

Cash and cash equivalents includes cash at bank and in hand, and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Cash balances exclude any funds held on behalf of service users.

i) Short term deposits

Short term deposits includes cash with a maturity of three to twelve months

j) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

k) Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

l) Financial instruments

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

25

Spitalfields Crypt Trust

Notes to the financial statements

For the year ended 31 March 2025

2. Donations and legacies

Donations and legacies
Residential Recovery Support
Trusts, Foundations & Corporates
Individual donations
Training & Development
Trusts, Foundations & Corporates
Individual donations
Charity Shops & Social Enterprise
Trusts, Foundations & Corporates
Individual donations
Other Donations & Legacies
Trusts, Foundations & Corporates
Individual donations
Residential Recovery Support
Trusts, Foundations & Corporates
Individual donations
Training & Development
Trusts, Foundations & Corporates
Individual donations
Charity Shops & Social Enterprise
Trusts, Foundations & Corporates
Individual donations
Other Donations & Legacies
Trusts, Foundations & Corporates
Individual donations		 Restricted
£
240,500
-
240,500
63,729
-
63,729
1,800
-
1,800
-
-
-
306,029
Restricted
£
245,500
-
245,500
38,500
74
38,574
4,500
305
4,805
17,000
-
17,000
305,879		 £
-
400
400
-
100
100
-
-
-
221,363
120,953
342,316
342,816
£
-
-
-
-
-
-
-
12
12
114,713
103,853
218,566
218,578
Unrestricted
Unrestricted		 2025
Total
£
240,500
400
240,900
63,729
100
63,829
1,800
-
1,800
221,363
120,953
342,316
648,845
2024
Total
£
245,500
-
245,500
38,500
74
38,574
4,500
317
4,817
131,713
103,853
235,566
524,457

26

Spitalfields Crypt Trust

Notes to the financial statements

For the year ended 31 March 2025

3. Income from charitable activities

Income from charitable activities
Residential Recovery Support
Housing Benefit
Individual Charge
Residential Recovery Support
Housing Benefit
Individual Charge
Expenditure
Costs of generating voluntary income
Charity Shops & Social Enterprise
Drop In Services
Residential Recovery Support
Training & Development
Total expenditure 2025
Costs of generating voluntary income
Charity Shops & Social Enterprise
Drop In Services
Residential Recovery Support
Training & Development
Total expenditure 2024		 £
159,433
937,876
-
631,350
96,790
1,825,449
£
181,296
821,722
13,095
649,564
130,009
1,795,686
Direct Staff
costs
Direct Staff
costs		 Restricted
£
-
-
-
Restricted
£
-
-
-
£
37,850
419,540
130
375,219
24,211
856,950
£
45,996
379,358
126
324,273
28,718
778,471
Other Direct
Costs
Other Direct
Costs		 £
449,881
42,479
492,360
£
493,016
44,257
537,273
£
40,170
236,302
-
159,071
24,387
459,930
£
44,492
201,659
3,214
159,410
31,906
440,680
Support &
Governance
Unrestricted
Support &
Governance
costs
Unrestricted		 2025
Total
£
449,881
42,479
492,360
2024
Total
£
493,016
44,257
537,273
2025
Total
£
237,453
1,593,718
130
1,165,640
145,388
3,142,329
2024
Total
£
271,784
1,402,739
16,435
1,133,247
190,633
3,014,838

4. Expenditure

27

Spitalfields Crypt Trust

Notes to the financial statements

For the year ended 31 March 2025

5. Support costs

Governance:
Allocated staff costs
Audit Fees
Other support costs:
Allocated staff costs
General Office Supplies & Purchases
Premises Costs
Travel, Subsistence & Motor Expenses
Food
Consultancy & Training
Welfare & Therapy Costs
Depreciation
Insurance
Telephone
Bank Charges and interest
Legal
Sundry
Outsourced Finance
Irrecoverable VAT
Net income/expenditure for the year
This is stated after charging:
Depreciation
Operating lease rentals: property
Auditors' remuneration:
- current year audit fee excl VAT		 2025
£
25,046
16,250
41,296
236,809
25,666
45,141
4,801
(1,744)
8,032
107
33,551
-
913
2,735
500
-
48,451
13,671
459,930
2025
£
42,301
449,636
16,250		 2024
£
20,206
15,500
35,706
191,048
18,172
50,170
7,116
448
19,973
1,162
38,214
11,821
1,309
6,687
1,253
106
43,838
13,656
440,680
2024
£
46,964
401,399
15,500
6. Net income/expenditure for the year
This is stated after charging:

Trustees received no remuneration in the year (2024: £0). There was one trustee expense in the year totalling £57.59 (2024:£0).

There were unrestricted donations totalling £16,250 from Trustees in the year (2024: none). There were no other related party transactions during the year (2024: none)

28

Spitalfields Crypt Trust

Notes to the financial statements

For the year ended 31 March 2025

7. Staff costs and numbers Staff costs were as follows:

Salaries and wages
Social security costs
Pension contributions
Redundancy costs
Agency Costs
Volunteer workers' expenses		 2025
£
1,794,527
162,541
63,509
39,363
20,066
7,297
2,087,303		 2024
£
1,764,464
156,455
66,240
3,816
10,089
5,877
2,006,940

The following number of employees received employee benefits (excluding employer pension costs and employer's national insurance) during the year between:

2025 2024
No. No.
£60,000 - £69,999 2 -
£70,000 - £79,999 - 2
£80,000 - £89,999 - 1

The key management personnel of the Charity comprise of the Chief Executive and three members of the Senior Management team. The total amounts paid for salaries and fees in respect of the key management personnel of the Charity were £265,485 (2024 - £287,851).

The average number of employees during the year was 69 (2023 - 71).

The average number of employees (full-time equivalent) during the year was as follows:

Generating Voluntary Income
Charity Shops & Social Enterprise
Residential Recovery Support
Training & Development
Support & Governance		 2025
Number
2
27
15
3
4
51		 2024
Number
5
24
15
4
4
52

8. Taxation

The charitable company is exempt from corporation tax for income arising from its charitable activities. The charitable company is subject to corporation tax for trading income exceeding the charity limit of £80,000 per annum, therefore there is no taxable income.

29

Spitalfields Crypt Trust

Notes to the financial statements

For the year ended 31 March 2025

9. Tangible fixed assets

Long
Leasehold
property
£
Cost
At the start of the year
509,466
Additions in year
-
At the end of the year
509,466
Depreciation
At the start of the year
156,300
Charge for the year
10,690
At the end of the year
166,990
Net book value
At the end of the year
342,476
At the start of the year
353,166
10. Debtors
Trade debtors
Other debtors
Prepayments & Accrued Income
Taxation and social security
11. Creditors: amounts due within one year
Trade creditors
Other creditors
Accruals & Deferred Income
Loan		 Short
Leasehold
property
£
887,832
16,573
904,405
622,201
24,254
646,455
257,950
265,631		 Motor
Vehicles
£
16,153
-
16,153
16,153
-
16,153
-
-		 £
93,608
6,447
100,055
84,307
7,357
91,664
8,391
9,301
2025
£
38,921
74,871
225,569
11,939
351,300
2025
£
202,349
11,349
356,699
-
570,397
Furniture,
fixtures and
equipment		 Total
£
1,507,059
23,020
1,530,079
878,961
42,301
921,262
608,817
628,098
2024
£
23,109
97,122
119,868
14,094
254,193
2024
£
85,038
6,011
484,112
42,160
617,322

Included in accruals and deferred income is £317,410 (2024: £473,006) in relation to Housing Benefit and service charges due from the local authorities and tenants. Hackney Council had various IT issues that has caused an overpayment of Housing Benefit to build up which is being addressed by them and SCT.

An agreement was reached before the year end on £346,046 to be repaid and so payments have been made since January 2025 and are scheduled to finish in January 2026.

The loan relates to a Coronavirus Business Interruption Loan Scheme (CBILS) provided by HSBC secured by a charge over the assets. The loan was taken out in September 2020 over 4 years with interest charged at 3.99% over the base rate.

30

Spitalfields Crypt Trust

Notes to the financial statements

For the year ended 31 March 2025

12. Analysis of net assets between funds
Fixed assets
Net current assets
Long term liabilities
Net assets at the end of the year
Prior year analysis of net assets between funds
Fixed assets
Net current assets
Net assets at the end of the year
13. Movements in funds
At the start
of the year
£
Restricted funds:
Training & Development
-
Residential Recovery Support
78,690
Charity Shops & Social Enterprise
-
Other
-
Total restricted funds
78,690
Unrestricted funds:
Designated fund:
Fixed Assets
628,098
General fund
318,036
Total unrestricted funds
946,134
Total funds
1,024,824		 Restricted
funds
£
-
58,849
-
58,849
Restricted
funds
£
-
78,690
78,690
Income
£
63,729
240,500
1,800
-
306,029
-
2,672,669
2,672,669
2,978,698		 Designated
fund
£
608,818
-
-
608,818
Designated
fund
£
628,098
-
628,098
£
(54,092)
(269,978)
(1,800)
-
(325,870)
-
(2,816,459)
(2,816,459)
(3,142,329)
Expenditure		 General
funds
£
-
193,526
-
193,526
General
funds
£
-
318,036
318,036
Transfers
between
funds
£
-
-
-
-
-
(19,281)
19,281
-
-		 Total
funds
£
608,818
252,375
-
861,193
Total
funds
£
628,098
396,726
1,024,824
At the end of
the year
£
9,637
49,212
-
-
58,849
608,817
193,527
802,344
861,193

31

Spitalfields Crypt Trust

Notes to the financial statements

For the year ended 31 March 2025

Purposes of restricted funds:

Training & Development

Funding towards tutor led activities, peer support groups and employment, training and education support for beneficiaries.

Residential Recovery Support

Specific donations for specialist housing and therapeutic provision for SCT residents and SCT Housing First clients.

Drop In Services

Specific donations for specialist support in community settings for non SCT residents.

Charity Shops & Social Enterprise

Specific donations towards support and community engagement through SCT enterprise settings and teams.

Other

Specific donations for organisational capacity and related provision.

Purposes of designated Fixed Asset Fund

This fund represents the value of unrestricted funds invested in fixed assets which are not, by the nature of fixed assets, readily available for other purposes.

Prior Year Movements in funds

Restricted funds:
Training & Development
Residential Recovery Support
Drop In Services
Charity Shops & Social Enterprise
Other
Total restricted funds
Unrestricted funds:
Designated fund:
Fixed Assets
General fund
Total unrestricted funds
Total funds		 At the start
of the year
£
15,000
181,245
14,884
-
-
211,129
651,139
500,562
1,151,701
1,362,830		 Income
£
38,574
245,500
-
4,805
17,000
305,879
-
2,370,953
2,370,953
2,676,832		 £
(53,574)
(348,055)
(14,884)
(4,805)
(17,000)
(438,318)
-
(2,576,520)
(2,576,520)
(3,014,838)
Expenditure		 Transfers
between
funds
£
-
-
-
-
-
-
(23,041)
23,041
-
-		 At the end of
the year
£
-
78,690
-
-
-
78,690
628,098
318,036
946,134
1,024,824

32

Spitalfields Crypt Trust

Notes to the financial statements

For the year ended 31 March 2025

14. Operating lease commitments

At the year end date the Charity had the following future minimum lease payments under non-cancellable operating leases (all for property) which fall due as follows:

Less than 1 year
2 - 5 years
Over 5 years		 2025
£
293,096
1,112,305
1,645,810
3,051,211		 2024
£
332,289
1,153,823
1,914,946
3,401,058

33

Spitalfields Crypt Trust

Notes to the financial statements

For the year ended 31 March 2025

15. Prior Year Statement of Financial Activities

Income
Donations and legacies
Drop In Services
Residential Recovery Support
Training & Development
Charity Shops & Social Enterprise
Other donations and legacies
Income from charitable activities
Residential Recovery Support
Long-Term Recovery/Employment
Other trading activities
Charity Shops
Income from Investments
Other income
Total income
Expenditure
Expenditure on raising funds:
Costs of generating voluntary income
Charity Shops & Social Enterprise
Expenditure on charitable activities
Drop In Services
Residential Recovery Support
Training & Development
Total expenditure
Transfer between funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
Net income/ (expenditure) resources before
transfers		 Restricted
£
-
245,500
38,574
4,805
17,000
-
-
-
-
-
305,879
17,000
4,805
14,884
348,055
53,574
438,318
(132,439)
-
211,129
78,690

£
-
-
-
12
218,566
537,273
-
1,613,468
1,635
-
2,370,953
254,784
1,397,934
1,551
785,192
137,059
2,576,520
(205,567)
-
1,151,701
946,134
Unrestricted		 2024
Total

£
-
-
245,500
38,574
4,817
235,566
537,273
-
1,613,468
1,635
-
2,676,832
271,784
1,402,739
16,435
1,133,247
190,633
3,014,838
(338,006)
-
1,362,830
1,024,824

34