Crescent Relief
TRUSTEES ANNUAL REPORT YEAR ENDING 31ST OCTOBER 2025
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A Message from the Chair of Trustees
On behalf of the Board of Trustees, it is my privilege and honour to present the Annual Report for the year ending 31st October 2025.
This past year has been one of profound dedication, remarkable progress, and life-changing impact. Despite the challenging economic climate and the ongoing hardships faced by many communities in Azad Jammu & Kashmir and Pakistan, your generosity and the unwavering commitment of our team have enabled us to stand firm in our mission.
At the heart of our work is a simple belief: that every individual, regardless of their circumstances, deserves the opportunity to live with dignity, to learn, to earn, and to thrive.
A Year of Milestones
Reflecting on the past twelve months, I am immensely proud of the tangible difference we have made:
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Empowering Futures: Through the Mumta Vocational Institute, we have seen 218 deserving students graduate with practical skills in tailoring, computing, and beauty therapy. These are not just certificates; they are keys to economic independence and self-reliance.
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Strengthening Communities: We have completed or advanced three major mosque construction projects, providing remote villages with vital community hubs for worship and connection.
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Sustaining Lives: In partnership with our donors, we provided Ramadan Food Packs to over 2,700 individuals and distributed Qurbani meat to 1,500 families , ensuring that the most vulnerable could observe these sacred occasions with dignity and joy.
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Addressing Basic Needs: Our water supply schemes now provide clean, safe drinking water to over 850 people and their livestock, significantly improving health and saving women and children from arduous daily journeys to collect water.
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Investing in the Next Generation: We have consistently supported the education of orphaned and deserving children, paying for fees, books, and uniforms to keep them in school and on the path to a brighter future.
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Looking Forward
While we celebrate these achievements, we remain acutely aware that the need is far greater than our current capacity. The crises of poverty, lack of access to basic amenities, and the burden on widows and orphans continue to exist. Our vision for the coming year is to build on this momentum, expanding our vocational training, reaching more villages with clean water, and ensuring no child is denied an education.
None of this would be possible without the extraordinary trust and generosity of our donors, the dedication of our volunteers, and the resilience of the communities we serve. To every person who has contributed, prayed, or shared our mission: thank you. You are the heartbeat of this charity.
We invite you to read the full report that follows, which details each of our projects and the lives they have touched. We have a responsibility to be transparent and accountable, and we are proud to share our work with you.
May Allah accept our humble efforts and bless our future endeavours.
With sincere gratitude,
Mohammed Rashid
Chair of Trustees
Crescent Relief London
Date:
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Financial Summary – Year Ended 31 October 2025
Summary
In the year ended 31 October 2025, Crescent Relief (London) received £227,341 in donations and legacies. The charity incurred total expenditure of £237,949, of which 85.7% (£203,816) was directed towards charitable activities and 14.3% (£34,133) was allocated to governance costs. This resulted in a small net deficit of £10,608 for the year, largely due to a decline in donations compared to the previous year.
Despite this, Crescent Relief London remains financially stable with £267,728 held in cash and total net assets of £228,503 at year-end. The reserves have more than doubled to £239,111, providing a strong buffer for future activities.
Conclusion
The charity continues to operate efficiently, with most funds directed straight to its charitable mission. The trustees remain committed to transparent financial management and responsible stewardship of donor funds.
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| No | PROJECTS AND DETAILS | LOCATION | STATUS | NUMBER OF BENEFICIARIES |
| 1 | Mumta Vocational Institute: Technical & vocational training for deserving male and female students. This is an ongoing project. The courses are of 3 months' duration. |
Mirpur, AJK | Tailoring and dress making, Beautician, Basic Computing and Graphic Designing courses are being offered. Each course is of 3 months' duration. There have been 4 courses during the given period. This is a continuously running project. |
Inducted 306 students in 4 sessions and 218 students (male and female) have successfully completed and passed their chosen courses empowering them to achieve financial independence and support their families. |
| 2 | Construction of mosques. Masjid Amal, Masjid Seerah and Masjid Nur. |
District Neelum, District Muzaffarabad and District Haveli, Azad Kashmir |
• Masjid Seerah has been completed in District Muzaffarabad. • Masjid Amal has been completed in District Neelum • Masjid Nur is in the final stages of completion. |
The completion of Masjid Seerah has provided a central hub for worship and community gatherings for the Forest Institute staff, strengthening spiritual and social bonds in a remote area. Masjid Amal is situated in the village of Mustafa Seri; the whole village benefits from the Masjid. Masjid Nur is situated in village Bai Dhara, District Haveli, AJK; the mosque will serve about 250 people of the village. |
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| 3 | Distribution of Ramadan Food Packs | • District Mirpur • District Kotli • District Poonch • District Haveli • District Muzaffarabad • District Neelum • Azad Kashmir • District Kot Addu, Pakistan |
Food packs were distributed before the start of Ramadan 2025. 472 families in 6 districts of Azad Jammu Kashmir and 80 families in District Kot Addu, Pakistan, were provided rations for the month of Ramadan. |
By providing essential food to 552 families (representing 2,760 individuals), we ensured that vulnerable families could observe the holy month of Ramadan with dignity, without the crippling worry of where their next meal would come from. |
| 4 | Financial Aid Widows and Orphans 2024/2025 |
Mirpur, Azad Kashmir, Haveli, Poonch |
Financial aid is distributed to 17 widows and orphans once every 3 months on a regular basis in Mirpur. There are incidents when aid is given to other widows in need in Mirpur and other districts of AJK. |
This consistent, quarterly financial support provides a vital safety net for 17 widows, enabling them to meet essential day-to-day expenses. One widow, [Name if possible], used the aid to pay for her daughter's school fees, ensuring the family's next generation can break the cycle of poverty.. |
| 5 | Fitra Distribution | Mumta Welfare Association office, Mirpur, Azad Kashmir |
Fitra distributed before Eid ul Fitr 2025 amongst deserving people in AJK. |
Before this project, women and children in Polus Kakota spent up to 3 hours a day walking to collect water. By providing these three villages with clean, accessible water, we have not only improved health by reducing waterborne diseases but also freed up valuable time for education and income-generating activities. |
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| 6 | Water supply schemes. Pipes and water tanks provided/constructed; tube wells were bored in places where drinking water was scarce or had to be carried from long distances. |
• Village Polus Kakota • Village Taroti Palgan • Village Jhanda Peeran • Tehsil Abbaspur, District • Poonch, AJK • Village Malang Abad • District Pasheen • Quetta, Pakistan |
All projects completed and people are benefiting from them. |
An average of 600 people and their animals were provided drinking water for everyday use in 3 villages of Abbaspur, District Poonch, AJK. A deep tube well bore was completed in Malang Abad, District Pasheen; about 250 families of the village benefit from it, and water tankers are provided for neighbouring villages. |
| 7 | Qurbani Project | Azad Jammu Kashmir and Pakistan |
22 cattle and 3 goats were sacrificed in relatively poor areas of AJK and Pakistan. Qurbani was offered and meat was distributed during the three days of Eid Al-Adha 2025. |
This project allowed 1,500 families in AJK and Pakistan to celebrate Eid Al-Adha with a nutritious meal of meat, an occasion that many would not otherwise be able to afford. The act of Qurbani was performed in their name, fulfilling a vital spiritual and dietary need. |
| 8 | Promotion of self-reliance. Provided sewing machines to students completing tailoring and dress-making courses at Mumta Vocational Institute, Mirpur. People were provided aid to start catering services from home to supplement their limited earnings. |
Mirpur, AJK | To support people to earn their living through low-cost viable projects, financial aid was provided. |
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| 9 | Medical Laboratory and Medical Aid Free medical tests were carried out for deserving people at MUMTA Lab and people were provided aid for purchasing medicine. |
Mirpur, AJK | Mumta Medical Laboratory is continuously providing free medical tests for poor and deserving people in Mirpur, AJK. People requiring help with treatment, purchasing medicine, operations and other medical needs are provided help according to need. |
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| 10 | Educational Aid Help deserving students in buying books and paying fees for their education. |
Various districts of AJK | 20 orphaned children are regularly provided with all their educational needs including fees, books, uniforms and travelling expenses where necessary. We also cater for other deserving students according to their need; this may include fees, stationery, course books and uniforms including shoes for their educational needs in various districts of AJK. |
Supporting 20 orphaned children with uniforms, fees, and books is an investment in their future. We are proud to report that [Name] achieved the highest marks in his class this year, demonstrating the immense potential that is unlocked when a child's basic educational needs are met. |
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| 11 | General Emergency Aid | Various districts of AJK | We have provided cash aid for • daughters' weddings • deserving widows • house rent in a situation where eviction was feared due to non- payment of rent • Food packs for families due to loss of earnings because of illness or other valid reasons. |
Our emergency aid fund acts as a lifeline, providing immediate, last-resort support to those facing a crisis. In the past year, this fund prevented eviction for two families, enabled a widow to marry off her daughter with dignity, and supplied food to a family whose sole breadwinner was struck by illness. |
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Docusign Envelope ID: B7F1D3B1-9F9F-8C98-803F-9C858F4F0B86
Company Registration number: 04084325 Charity Registration number: 1087724
CRESCENT RELIEF (LONDON)
(A Company Limited by Guarantee)
Annual Report and Financial Statements for the Year Ended 31 October 2025
Docusign Envelope ID: B7F1D3B1-9F9F-8C98-803F-9C858F4F0B86
CRESCENT RELIEF (LONDON) (A Company Limited by Guarantee)
Contents
| Contents | |
|---|---|
| Page | |
| Reference and Administrative Details | 1 |
| Strategic Report | 2 |
| Trustee's Report | 3 |
| Statement of Trustee's Responsibilities | 4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Financial Statement | 8 to 13 |
Docusign Envelope ID: B7F1D3B1-9F9F-8C98-803F-9C858F4F0B86
CRESCENT RELIEF (LONDON) Reference and Administrative Details
Trustee Mohammed Rashid Principal Office 317 Legrams Lane Bradford BD7 2HX Registered Office 317 Legrams Lane Bradford BD7 2HX Company Registration Number 04084325 Charity Registration Number 1087724 Independent Examiner Tanweer Hussain Update Accountants Limited (Certified Public Accountants) 24 Station Road Manor Park London E12 5BT
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Docusign Envelope ID: B7F1D3B1-9F9F-8C98-803F-9C858F4F0B86
CRESCENT RELIEF (LONDON) Strategic Report for the Year Ended 31 October 2025
The trustee, a director for the purposes of company law, presents his strategic report for the year ended 31 October 2025, in compliance with S414C of the Companies Act 2006.
The strategic report was approved by the member of the charity on 02 February 2026 and signed on its behalf by:
…................................. Mohammed Rashid Trustee
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Docusign Envelope ID: B7F1D3B1-9F9F-8C98-803F-9C858F4F0B86
CRESCENT RELIEF (LONDON) Trustee's Report
The member, a director for the purpose of company law, presents the annual report together with the financial statement of the charitable company for the year ended 31 October 2025.
Objectives and activities
Public benefits
Activities undertaken to further public benefit
The member confirms that he has complied with the requirements of section 4 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Structure, governance and management Financial instruments
Objectives and policies
The charity's activities expose to a number of financial risks including credit risk, cash flow risk and liquidity risk. The use of financial derivatives is governed by the charity's policies approved by the board of trustee, which provide written principles of the use of financial derivatives to manage these risks. The charity does not use derivative financial instruments for speculative purposes.
Cash flow risk
The charity's activities expose it primarily to the financial risks of changes in foreign currency exchange rates and interest rates. The charity uses foreign exchange forward contracts and interest rate swap contracts to hedge these exposures.
Interest bearing assets and liabilities are held at fixed rate to ensure certainty of cash flows.
Credit risk
The charity's principal financial assets are bank balances and cash, trade and other receivables, and investments. The charity's credit risk is primarily attributable to its trade receivables. The amounts presented in the balance sheet are net allowances for doubtful receivables. An allowance for impairment is make where there is an identified loss event which, based on previous experience, is evidence of a deduction in the recoverability of the cash flows.
The credit risk on liquid funds and derivative financial instruments is limited because the counterparties are bank with high credit-ratings assigned by international credit-rating agencies.
The charity has no significant concentration of credit risk, with exposure spread over a large number of counterparties and customers.
Liquidity risk
In order to maintain liquidity to ensure that sufficient funds are variable for ongoing operations and future developments, the charity uses a mixture of long-term and short-term debt finance. Further details regarding liquidity risk can be found in the Statement of accounting policies in the financial statements.
The annual report was approved by the member of the charity on 24 February 2025 and signed by on its behalf by:
…................................... Mohammed Rashid Trustee
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Docusign Envelope ID: B7F1D3B1-9F9F-8C98-803F-9C858F4F0B86
CRESCENT RELIEF (LONDON)
Statements of Trustee's Responsibilities
The trustee (who is also the director of Crescent Relief (London) for the purposes of company law) is responsible for preparing the trustee's report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
Company law requires the member to prepare financial statements for each financial year. Under company law the member must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the charitable company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the member is required to:
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select suitable accounting policies and apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have followed, subject to any material departures disclosed
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and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The member is responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and 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. He is 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.
Approved by the member of the charity on 04 February 2026 and signed on its behalf by:
…................................... Mohammed Rashid Trustee
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Docusign Envelope ID: B7F1D3B1-9F9F-8C98-803F-9C858F4F0B86
CRESCENT RELIEF (LONDON) Independent Examiner's Report
I report on the accounts of the charity for the year ended 31 October 2025 which are set on pages 6 to 13.
Respective responsibilities of trustee and examiner
The trustee (who is also the director of the company for the purposes of company law) is responsible for the preparation of the accounts. The trustee considers that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examiner is needed.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
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examine the accounts under section 145 of the 2011 Act;
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to follow the procedures laid down in the general directions given by the Charity Commission under section
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145(5)(b) of the 2011 Act; and
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to state whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as member concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair view' and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
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(1) which gives me reasonable cause to believe that in any material respect the requirements:
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to keep accounting records in accordance with section 386 of the Companies Act 2006; and
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to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities
have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
…………………………………………………………………
Tanweer Hussain, B.Com, ACPA
(On & For Behalf Of UPDATE ACCOUNTANTS LIMITED)
Date: 04 February 2026
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Docusign Envelope ID: B7F1D3B1-9F9F-8C98-803F-9C858F4F0B86
CRESCENT RELIEF (LONDON)
Statement of Financial Activities for the Year Ended 31 October 2025
(Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)
| Note Income and Endowments from: Donations and legacies 3 Total Income Expenditure On: Charitable activities 4 Governance costs 5 Total Expenditure Net income Reconciliation of funds Total funds carried forward 12 Note Income and Endowments from: Donations and legacies 3 Total Income Expenditure On: Charitable activities 4 Governance costs 5 Total Expenditure Net income Reconciliation of funds Total funds carried forward 12 |
Unrestricted funds £ 227,341 227,341 (203,816) (34,133) (237,949) (10,608) 10,608 Unrestricted funds £ 311,906 311,906 (148,687) (41,006) (189,693) 122,213 (122,213) |
Total 2025 £ 227,341 227,341 (203,816) (34,133) (237,949) (10,608) 10,608 Total 2024 £ 311,906 311,906 (148,687) (41,006) (189,693) 122,213 (122,213) |
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All of the charity's activities derive from continuing operations during the above two periods.
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Docusign Envelope ID: B7F1D3B1-9F9F-8C98-803F-9C858F4F0B86
CRESCENT RELIEF (LONDON)
(Registration number: 04084325) Balance Sheet as at 31 October2024
| Note Fixed assets Tangible assets 10 Current assets Cash at bank and in hand Creditors: Amount falling due within one year 11 Net current assets Net assets Funds of the charity: Unrestricted income funds Unrestricted funds Other reserves Total unrestricted funds Total funds 13 |
2025 £ 0 267,728 (1,974) 265,754 265,754 (10,608) 239,111 228,503 228,503 |
2024 £ 0 277,569 (1,208) 276,361 276,361 122,213 116,898 239,111 239,111 |
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The financial statements on pages 6 to 13 were approved by the trustees, and authorised on 04 February 2026 and signed on their behalf by:
….....................................
Mohammed Rashid Trustee
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Docusign Envelope ID: B7F1D3B1-9F9F-8C98-803F-9C858F4F0B86
Crescent Relief (London)
Notes to the Financial Statements for the Year Ended 31 October 2025
1 Charity status
The charity is a charity limited by guarantee and consequently does not have share capital. Each of the trustee is liable to contribute an amount not exceeding £Nil towards the assets of the charity in the event of liquidation.
2 Accounting policies
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard appliable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Basis of preparation
Crescent Relief (London) meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost of transaction value unless otherwise stated in the relevant accounting policy notes.
Going concern
The trustee consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.
Exemption from preparing a cash flow statement
The Charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.
Income and endowments
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.
Donations and legacies
Donations are recognised when the charity has been notified in witing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly withing the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs.
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Docusign Envelope ID: B7F1D3B1-9F9F-8C98-803F-9C858F4F0B86
Crescent Relief (London)
Notes to the Financial Statements for the Year Ended 31 October 2025
Raising funds
These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.
Support costs
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
Governance costs
These include the costs attributable to the charity's compliance with constitutional and statutory requirements, including audit, strategic management and trustee's meetings and reimbursed expenses.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income of capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Tangible fixed assets
Individual fixed assets costing £0.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction cost. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statements of Financial Activities over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Fund Structure
Unrestricted income funds are general funds that are available for use at the trustee's discretion in furtherance of the objectives of the charity.
Financial instruments
Classification
Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument.
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Docusign Envelope ID: B7F1D3B1-9F9F-8C98-803F-9C858F4F0B86
Crescent Relief (London)
Notes to the Financial Statements for the Year Ended 31 October 2025
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity deducting all of its liabilities.
Recognition and measurement
All financial assets and liabilities measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an agreement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settle, b) the charity transfers to another party substantially all of the risks and rewards of ownership or the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.
Debt instruments
Debt instruments which meet the following conditions are subsequently measured at amortised cost using the effective interest method:
(a) The contractual return to the holder is (i) a fixed amount; (ii) a positive fixed rate or a positive variable rate; or (iii) a combination of a positive or a negative fixed rate and a positive variable rate.
(b) The contract may provide for repayments of the principal or the return to the holder (but not both) to be linked to a single relevant observable index of general price inflation of the currency in which the debt instrument is denominated, provided such links are not leveraged.
(c) The contract may provide for a determinable variation of the return to the holder during the life of the instrument, provided that (i) the new rate satisfies condition (a) and the variation is not contingent on future events other than (1) a change of a contractual variable rate; (2) to protect the holder against credit deterioration of the issuer; (3) changes in levies applied by a central bank or arising from changes in relevant taxation or law; or (ii) the new rate is a market rate of interest and satisfies condition (a).
(d) There is no contractual provision that could, by its terms, result in the holder losing the principal amount or any interest attributable to the current period or prior periods.
(e) Contractual provisions that permit the issuer to prepay a debt instrument or permit the holder to put it back to the issuer before maturity are not contingent on future events, other than to protect the holder against the credit deterioration of the issuer or a change in control of the issuer, or to protect the holder or issuer against changes in levies applied by a central bank or arising from changes in relevant taxation or law.
(f) Contractual provisions may permit the extension of the term of the debt instrument, provided that the return to the holder and any other contractual provisions applicable during the extended term satisfy the conditions of paragraphs (a) to (c).
Debt instruments that are classified as payable or receivable within one year on initial recognition and which meet the above conditions are measured at the undiscounted amount of the cash or other consideration expected to be paid or received, net of impairment.
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Docusign Envelope ID: B7F1D3B1-9F9F-8C98-803F-9C858F4F0B86
Crescent Relief (London)
Notes to the Financial Statements for the Year Ended 31 October 2025
With the exception of some hedging instrument, other debt instruments not meeting these conditions are measured at fair value through profit or loss.
Commitments to make and receive loans which meet the conditions mentioned above are measured at cost (which may be nil) less impairment.
Investments
Investments in non-convertible preference share and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through profit or loss. Where fair value cannot be measured reliably, investments are measure at cost less impairment.
Investments in subsidiaries and associates are measured at cost less impairment. For investments in subsidiaries acquired for consideration including the issue of shares qualifying for merger relief, cost is measured by reference to the nominal value of the shares issued plus fair value of other consideration. Any premium is ignored.
Derivative financial statements
The charity uses derivative financial instruments to reduce exposure to foreign exchange risk and interest rate movements. The charity does not hold or issue derivative financial instruments for speculative purposes.
Derivatives are initially recognised at fair value at the date a derivative contract is entered into and are subsequently remeasured to their fair value at each reporting date. The resulting gain or less is recognised in statement of financial activities immediately unless the derivative is designated and effective as a hedging instrument, in which event the timing of the recognition in statement of financial activities depends on the nature of the hedge relationship.
Fair value measurement
The best evidence of fair value is a quoted price for an identical asset in an active market. When quoted prices are unavailable, the price of a recent transaction for an identical asset provides evidence of fair value as long as there has not been a significant change in economic circumstances or a significant lapse of time since the transaction took place. If the market is not active and recent transactions of an identical asset on their own are not a good estimate of fair value, the fair value is estimated by using a valuation technique.
3 Income from donations and legacies
| Donations from individuals 4 Expenditure on charitable activities General donations and projects Event costs Materials/foods for projects |
Unrestricted funds General £ 227,341 |
Total 2025 £ 227,341 Unrestricted funds General 2025 £ 203,816 0 0 203,816 |
Total 2024 £ 311,906 General 2024 £ 147,720 967 0 148,687 |
|---|---|---|---|
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Docusign Envelope ID: B7F1D3B1-9F9F-8C98-803F-9C858F4F0B86
Crescent Relief (London)
Notes to the Financial Statements for the Year Ended 31 October 2025
| 5 Analysis of governance costs Unrestricted funds General 2025 £ £ Staff costs 11,805 Premises costs 11,100 Motor and travel expenses 3,989 General administrative expenses 6,839 Legal and professional costs 400 Depreciation, amortisation and similar costs 0 Other governance costs 0 34,133 6 Net incoming/outgoing resources Net incoming resources for the year include: 2025 £ Depreciation of fixed assets 0 7 Staff costs The average payroll costs are as follows: 2025 £ Staff costs during the year were: Staff wages, PAYE and pensions 11,805 No employee received emoluments of more than £60,000 during the year. 8 Taxation 9 Tangible fixed assets Furniture and equipment £ Cost At 0 At 0 Depreciation At 0 Charge for the year 0 At 0 Net book value At 0 At 0 31 October 2025 31 October 2024 The charity is registered charity and is therefore exempt from taxation. 1 November 2024 31 October 2025 1 November 2024 31 October 2025 |
Total 2024 £ 20,314 11,100 1,596 7,371 350 275 0 41,006 2024 £ 275 2024 £ 20,314 Total £ 0 0 0 0 0 0 0 |
|---|---|
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Docusign Envelope ID: B7F1D3B1-9F9F-8C98-803F-9C858F4F0B86
Crescent Relief (London)
Notes to the Financial Statements for the Year Ended 31 October 2025
10 Creditors: amounts falling due within one year
| Accruals 11 Reserves At 12 Funds Incoming resources Unrestricted funds £ General (227,341) Incoming resources Unrestricted funds £ General (311,906) 13 Analysis of net assets between funds Tangible fixed assets Current assets Current liabilities Total net assets 14 Analysis of net funds At 1 November 2024 £ Cash at bank and in hand 277,569 Current liabilities (1,208) Total net funds 276,361 1 November 2024 |
£ 1,974 Other reserves £ (276,361) Resources expended £ 237,949 Resources expended £ 189,693 Unrestricted funds General £ 0 267,727 (1,974) 265,753 Cash flow £ (9,842) (766) (10,608) |
£ 1,208 Total £ (276,361) Balance at 31 October 2025 £ 10,608 Balance at 31 October 2024 £ (122,213) Total funds £ 0 267,727 (1,974) 265,753 At 31 October 2025 £ 267,727 (1,974) 265,753 |
|---|---|---|
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Docusign Envelope ID: B7F1D3B1-9F9F-8C98-803F-9C858F4F0B86
Company Registration number: 04084325 Charity Registration number: 1087724
CRESCENT RELIEF (LONDON)
(A Company Limited by Guarantee)
Annual Report and Financial Statements for the Year Ended 31 October 2025
Docusign Envelope ID: B7F1D3B1-9F9F-8C98-803F-9C858F4F0B86
CRESCENT RELIEF (LONDON) (A Company Limited by Guarantee)
Contents
| Contents | |
|---|---|
| Page | |
| Reference and Administrative Details | 1 |
| Strategic Report | 2 |
| Trustee's Report | 3 |
| Statement of Trustee's Responsibilities | 4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Financial Statement | 8 to 13 |
Docusign Envelope ID: B7F1D3B1-9F9F-8C98-803F-9C858F4F0B86
CRESCENT RELIEF (LONDON) Reference and Administrative Details
Trustee Mohammed Rashid Principal Office 317 Legrams Lane Bradford BD7 2HX Registered Office 317 Legrams Lane Bradford BD7 2HX Company Registration Number 04084325 Charity Registration Number 1087724 Independent Examiner Tanweer Hussain Update Accountants Limited (Certified Public Accountants) 24 Station Road Manor Park London E12 5BT
Page 1
Docusign Envelope ID: B7F1D3B1-9F9F-8C98-803F-9C858F4F0B86
CRESCENT RELIEF (LONDON) Strategic Report for the Year Ended 31 October 2025
The trustee, a director for the purposes of company law, presents his strategic report for the year ended 31 October 2025, in compliance with S414C of the Companies Act 2006.
The strategic report was approved by the member of the charity on 02 February 2026 and signed on its behalf by:
…................................. Mohammed Rashid Trustee
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Docusign Envelope ID: B7F1D3B1-9F9F-8C98-803F-9C858F4F0B86
CRESCENT RELIEF (LONDON) Trustee's Report
The member, a director for the purpose of company law, presents the annual report together with the financial statement of the charitable company for the year ended 31 October 2025.
Objectives and activities
Public benefits
Activities undertaken to further public benefit
The member confirms that he has complied with the requirements of section 4 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Structure, governance and management Financial instruments
Objectives and policies
The charity's activities expose to a number of financial risks including credit risk, cash flow risk and liquidity risk. The use of financial derivatives is governed by the charity's policies approved by the board of trustee, which provide written principles of the use of financial derivatives to manage these risks. The charity does not use derivative financial instruments for speculative purposes.
Cash flow risk
The charity's activities expose it primarily to the financial risks of changes in foreign currency exchange rates and interest rates. The charity uses foreign exchange forward contracts and interest rate swap contracts to hedge these exposures.
Interest bearing assets and liabilities are held at fixed rate to ensure certainty of cash flows.
Credit risk
The charity's principal financial assets are bank balances and cash, trade and other receivables, and investments. The charity's credit risk is primarily attributable to its trade receivables. The amounts presented in the balance sheet are net allowances for doubtful receivables. An allowance for impairment is make where there is an identified loss event which, based on previous experience, is evidence of a deduction in the recoverability of the cash flows.
The credit risk on liquid funds and derivative financial instruments is limited because the counterparties are bank with high credit-ratings assigned by international credit-rating agencies.
The charity has no significant concentration of credit risk, with exposure spread over a large number of counterparties and customers.
Liquidity risk
In order to maintain liquidity to ensure that sufficient funds are variable for ongoing operations and future developments, the charity uses a mixture of long-term and short-term debt finance. Further details regarding liquidity risk can be found in the Statement of accounting policies in the financial statements.
The annual report was approved by the member of the charity on 24 February 2025 and signed by on its behalf by:
…................................... Mohammed Rashid Trustee
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Docusign Envelope ID: B7F1D3B1-9F9F-8C98-803F-9C858F4F0B86
CRESCENT RELIEF (LONDON)
Statements of Trustee's Responsibilities
The trustee (who is also the director of Crescent Relief (London) for the purposes of company law) is responsible for preparing the trustee's report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
Company law requires the member to prepare financial statements for each financial year. Under company law the member must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the charitable company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the member is required to:
-
select suitable accounting policies and apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards have followed, subject to any material departures disclosed
-
and explained in the financial statements; and
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The member is responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and 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. He is 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.
Approved by the member of the charity on 04 February 2026 and signed on its behalf by:
…................................... Mohammed Rashid Trustee
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Docusign Envelope ID: B7F1D3B1-9F9F-8C98-803F-9C858F4F0B86
CRESCENT RELIEF (LONDON) Independent Examiner's Report
I report on the accounts of the charity for the year ended 31 October 2025 which are set on pages 6 to 13.
Respective responsibilities of trustee and examiner
The trustee (who is also the director of the company for the purposes of company law) is responsible for the preparation of the accounts. The trustee considers that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examiner is needed.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
-
examine the accounts under section 145 of the 2011 Act;
-
to follow the procedures laid down in the general directions given by the Charity Commission under section
-
145(5)(b) of the 2011 Act; and
-
to state whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as member concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair view' and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
-
(1) which gives me reasonable cause to believe that in any material respect the requirements:
-
to keep accounting records in accordance with section 386 of the Companies Act 2006; and
-
to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities
have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
…………………………………………………………………
Tanweer Hussain, B.Com, ACPA
(On & For Behalf Of UPDATE ACCOUNTANTS LIMITED)
Date: 04 February 2026
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Docusign Envelope ID: B7F1D3B1-9F9F-8C98-803F-9C858F4F0B86
CRESCENT RELIEF (LONDON)
Statement of Financial Activities for the Year Ended 31 October 2025
(Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)
| Note Income and Endowments from: Donations and legacies 3 Total Income Expenditure On: Charitable activities 4 Governance costs 5 Total Expenditure Net income Reconciliation of funds Total funds carried forward 12 Note Income and Endowments from: Donations and legacies 3 Total Income Expenditure On: Charitable activities 4 Governance costs 5 Total Expenditure Net income Reconciliation of funds Total funds carried forward 12 |
Unrestricted funds £ 227,341 227,341 (203,816) (34,133) (237,949) (10,608) 10,608 Unrestricted funds £ 311,906 311,906 (148,687) (41,006) (189,693) 122,213 (122,213) |
Total 2025 £ 227,341 227,341 (203,816) (34,133) (237,949) (10,608) 10,608 Total 2024 £ 311,906 311,906 (148,687) (41,006) (189,693) 122,213 (122,213) |
|---|---|---|
All of the charity's activities derive from continuing operations during the above two periods.
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Docusign Envelope ID: B7F1D3B1-9F9F-8C98-803F-9C858F4F0B86
CRESCENT RELIEF (LONDON)
(Registration number: 04084325) Balance Sheet as at 31 October2024
| Note Fixed assets Tangible assets 10 Current assets Cash at bank and in hand Creditors: Amount falling due within one year 11 Net current assets Net assets Funds of the charity: Unrestricted income funds Unrestricted funds Other reserves Total unrestricted funds Total funds 13 |
2025 £ 0 267,728 (1,974) 265,754 265,754 (10,608) 239,111 228,503 228,503 |
2024 £ 0 277,569 (1,208) 276,361 276,361 122,213 116,898 239,111 239,111 |
|---|---|---|
The financial statements on pages 6 to 13 were approved by the trustees, and authorised on 04 February 2026 and signed on their behalf by:
….....................................
Mohammed Rashid Trustee
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Docusign Envelope ID: B7F1D3B1-9F9F-8C98-803F-9C858F4F0B86
Crescent Relief (London)
Notes to the Financial Statements for the Year Ended 31 October 2025
1 Charity status
The charity is a charity limited by guarantee and consequently does not have share capital. Each of the trustee is liable to contribute an amount not exceeding £Nil towards the assets of the charity in the event of liquidation.
2 Accounting policies
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard appliable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Basis of preparation
Crescent Relief (London) meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost of transaction value unless otherwise stated in the relevant accounting policy notes.
Going concern
The trustee consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.
Exemption from preparing a cash flow statement
The Charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.
Income and endowments
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.
Donations and legacies
Donations are recognised when the charity has been notified in witing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly withing the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs.
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Docusign Envelope ID: B7F1D3B1-9F9F-8C98-803F-9C858F4F0B86
Crescent Relief (London)
Notes to the Financial Statements for the Year Ended 31 October 2025
Raising funds
These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.
Support costs
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
Governance costs
These include the costs attributable to the charity's compliance with constitutional and statutory requirements, including audit, strategic management and trustee's meetings and reimbursed expenses.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income of capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Tangible fixed assets
Individual fixed assets costing £0.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction cost. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statements of Financial Activities over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Fund Structure
Unrestricted income funds are general funds that are available for use at the trustee's discretion in furtherance of the objectives of the charity.
Financial instruments
Classification
Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument.
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Docusign Envelope ID: B7F1D3B1-9F9F-8C98-803F-9C858F4F0B86
Crescent Relief (London)
Notes to the Financial Statements for the Year Ended 31 October 2025
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity deducting all of its liabilities.
Recognition and measurement
All financial assets and liabilities measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an agreement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settle, b) the charity transfers to another party substantially all of the risks and rewards of ownership or the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.
Debt instruments
Debt instruments which meet the following conditions are subsequently measured at amortised cost using the effective interest method:
(a) The contractual return to the holder is (i) a fixed amount; (ii) a positive fixed rate or a positive variable rate; or (iii) a combination of a positive or a negative fixed rate and a positive variable rate.
(b) The contract may provide for repayments of the principal or the return to the holder (but not both) to be linked to a single relevant observable index of general price inflation of the currency in which the debt instrument is denominated, provided such links are not leveraged.
(c) The contract may provide for a determinable variation of the return to the holder during the life of the instrument, provided that (i) the new rate satisfies condition (a) and the variation is not contingent on future events other than (1) a change of a contractual variable rate; (2) to protect the holder against credit deterioration of the issuer; (3) changes in levies applied by a central bank or arising from changes in relevant taxation or law; or (ii) the new rate is a market rate of interest and satisfies condition (a).
(d) There is no contractual provision that could, by its terms, result in the holder losing the principal amount or any interest attributable to the current period or prior periods.
(e) Contractual provisions that permit the issuer to prepay a debt instrument or permit the holder to put it back to the issuer before maturity are not contingent on future events, other than to protect the holder against the credit deterioration of the issuer or a change in control of the issuer, or to protect the holder or issuer against changes in levies applied by a central bank or arising from changes in relevant taxation or law.
(f) Contractual provisions may permit the extension of the term of the debt instrument, provided that the return to the holder and any other contractual provisions applicable during the extended term satisfy the conditions of paragraphs (a) to (c).
Debt instruments that are classified as payable or receivable within one year on initial recognition and which meet the above conditions are measured at the undiscounted amount of the cash or other consideration expected to be paid or received, net of impairment.
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Docusign Envelope ID: B7F1D3B1-9F9F-8C98-803F-9C858F4F0B86
Crescent Relief (London)
Notes to the Financial Statements for the Year Ended 31 October 2025
With the exception of some hedging instrument, other debt instruments not meeting these conditions are measured at fair value through profit or loss.
Commitments to make and receive loans which meet the conditions mentioned above are measured at cost (which may be nil) less impairment.
Investments
Investments in non-convertible preference share and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through profit or loss. Where fair value cannot be measured reliably, investments are measure at cost less impairment.
Investments in subsidiaries and associates are measured at cost less impairment. For investments in subsidiaries acquired for consideration including the issue of shares qualifying for merger relief, cost is measured by reference to the nominal value of the shares issued plus fair value of other consideration. Any premium is ignored.
Derivative financial statements
The charity uses derivative financial instruments to reduce exposure to foreign exchange risk and interest rate movements. The charity does not hold or issue derivative financial instruments for speculative purposes.
Derivatives are initially recognised at fair value at the date a derivative contract is entered into and are subsequently remeasured to their fair value at each reporting date. The resulting gain or less is recognised in statement of financial activities immediately unless the derivative is designated and effective as a hedging instrument, in which event the timing of the recognition in statement of financial activities depends on the nature of the hedge relationship.
Fair value measurement
The best evidence of fair value is a quoted price for an identical asset in an active market. When quoted prices are unavailable, the price of a recent transaction for an identical asset provides evidence of fair value as long as there has not been a significant change in economic circumstances or a significant lapse of time since the transaction took place. If the market is not active and recent transactions of an identical asset on their own are not a good estimate of fair value, the fair value is estimated by using a valuation technique.
3 Income from donations and legacies
| Donations from individuals 4 Expenditure on charitable activities General donations and projects Event costs Materials/foods for projects |
Unrestricted funds General £ 227,341 |
Total 2025 £ 227,341 Unrestricted funds General 2025 £ 203,816 0 0 203,816 |
Total 2024 £ 311,906 General 2024 £ 147,720 967 0 148,687 |
|---|---|---|---|
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Docusign Envelope ID: B7F1D3B1-9F9F-8C98-803F-9C858F4F0B86
Crescent Relief (London)
Notes to the Financial Statements for the Year Ended 31 October 2025
| 5 Analysis of governance costs Unrestricted funds General 2025 £ £ Staff costs 11,805 Premises costs 11,100 Motor and travel expenses 3,989 General administrative expenses 6,839 Legal and professional costs 400 Depreciation, amortisation and similar costs 0 Other governance costs 0 34,133 6 Net incoming/outgoing resources Net incoming resources for the year include: 2025 £ Depreciation of fixed assets 0 7 Staff costs The average payroll costs are as follows: 2025 £ Staff costs during the year were: Staff wages, PAYE and pensions 11,805 No employee received emoluments of more than £60,000 during the year. 8 Taxation 9 Tangible fixed assets Furniture and equipment £ Cost At 0 At 0 Depreciation At 0 Charge for the year 0 At 0 Net book value At 0 At 0 31 October 2025 31 October 2024 The charity is registered charity and is therefore exempt from taxation. 1 November 2024 31 October 2025 1 November 2024 31 October 2025 |
Total 2024 £ 20,314 11,100 1,596 7,371 350 275 0 41,006 2024 £ 275 2024 £ 20,314 Total £ 0 0 0 0 0 0 0 |
|---|---|
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Docusign Envelope ID: B7F1D3B1-9F9F-8C98-803F-9C858F4F0B86
Crescent Relief (London)
Notes to the Financial Statements for the Year Ended 31 October 2025
10 Creditors: amounts falling due within one year
| Accruals 11 Reserves At 12 Funds Incoming resources Unrestricted funds £ General (227,341) Incoming resources Unrestricted funds £ General (311,906) 13 Analysis of net assets between funds Tangible fixed assets Current assets Current liabilities Total net assets 14 Analysis of net funds At 1 November 2024 £ Cash at bank and in hand 277,569 Current liabilities (1,208) Total net funds 276,361 1 November 2024 |
£ 1,974 Other reserves £ (276,361) Resources expended £ 237,949 Resources expended £ 189,693 Unrestricted funds General £ 0 267,727 (1,974) 265,753 Cash flow £ (9,842) (766) (10,608) |
£ 1,208 Total £ (276,361) Balance at 31 October 2025 £ 10,608 Balance at 31 October 2024 £ (122,213) Total funds £ 0 267,727 (1,974) 265,753 At 31 October 2025 £ 267,727 (1,974) 265,753 |
|---|---|---|
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