REGlStERED CHARITY NUMBER. 1096412 REPORT OF THETRU5TEES AND UNAUDITED FINANCIAL 5tATEMENTS FOR THEYEAR ENDED 30 APRIL 2024 FOR THE SIR CLIFF RICHARD CHARITABLE TRusr Tie mcwhir.er Partr.ershiF Limited Cliartered Accouniants 336 Molesey Rood qersham W&lior. on TharrEs Surrey K[12 3PD
THE SIR CLIFF RICHARD CHARITABLE TRUS[ CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024 Page Report oftheTrustees Independent Examiner'5 Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements Detailed Statement of Financial Activities 10
THE SIR CLIFF RICHARD CHARITABLE TRUS[ REPORT OF THE TRUSTEE5 FOR THE YEAR ENDED 30 APRIL 2024 The tru5-.ees Jieseni Iheir report will te finaicial st3Te.mer-.s Oi rhe chcrily fo" the yea, endea so Apri 2024. The trustees have 8doptpd the provisions of Accou?-.irig drid Repcting oy Cha'i:ies." Statement of RKomrYendec Practice appliiable io clarities piepa.irg 14e r 3ccouirs n ac.c.-, aice wilh Ike FiiidliLidl ReFK)rting Standard app icaDle in the UK and Rejublic cf Ire ano IFRS l J211=tFeciivts l JanLery 20191 oBJEIvEs AND ACtIVlTIES Objective5 and aims The Irust is eSrabI,,sh0,O[ chai'.ab e purposes as-.ho Irustees sall deterThine trom t.me to fimc. Significant activities Tle [rusie Ivlddc cha'it8ble donaiions iotalling r126.000-Jr pg tie year.12023_ £122,000). Public bonefit The -.rL5tees canfirm -.hat they have complied wrth i?e duly 5ec.ioi 4 of Ihe Cha"iiies Aci 200K to have due iegard 10 tke Ch2riiy Comm ssioi's geie.'al guidance on pJ?lic beqe'ii 'Ckia.'i ies ard Public Beie'il' FINANCIAL REVIEW I r)ve5tment policy and objectives TTe trustees have aasolute and uniostricied dis(reiiori over the inves-meni of trusi cssets. ReseTves policy The -.rL'Stees have rtsviewed -.he Irus-'s n&ds for resewes ir line with lie Opeiaiional Guidance No 43 (Charily Income Re5erde51 Issued by the Charily Comrriission. t the don.21 oris rTidde by the trusr ale ..• ie5tx)nse to d.rect r&]vests a?d aGplKation£ made to ihe truslees. ReoJesis for g-anis and ooneiions are assesspd Ipcularly -y -.he t'us-ee5 who Lse Ibeir discrelioiary powers in olde,. 10 dotprmine 10 whem dl)d in what amou-ls Ih,ose dc.na-.iJns ale to De T.6de. STRUCtURE, GOVERNANCE AND MANAGEMEMt Governing document -he ' rust INas fo.Jnded by deed of Iiust, daied l - Ih rebruay 200312s amended oy Deed of P,mendment dJleo 8ik May 20241, by Sir Cliff lC.ad. It is a regis=ered charily nutYJe' l OS6412 Recruitment and appointment of new trustees -he-.ru5tees during Ihe yetir were". Sir Cliff Richard M.Q. Smith T Ir4..Iks laF?oinied 21 MST D A Normapd 1.231 Tbe initial -.rustees were appointed by ihe settlor_ Fulaie Iru5tees rriey be aJpoiitLO by a resolaiion o, IFe tru5tee5. REFERENCE AND ADMINISTRATIVE DttAILS Registered Charity number 1096412 Principal addre55 PO Box423 Leatherhead Surroy It22 2HJ Trustees IM C £mith <irC Richér MST D A Ncrmand DT Fidnk5 lappoinied 21.11.23) Page
TrIE 51R CLIFr RICHARD CHAR ELE TrLJ¥r REPORT OF ThE TRUSTEES FOR THE YEAR END&) 30 APRI 2024 REFERENCE AND ADMINlStRATfvE oAlL5 Independent Examiner Paul R Mcwhirter FCA The MLthirter Yartnuship .lle CharterEd Acccuntants 336 Mclesty Road kfsham walt( on Thmes KT12 3PD Appro%ed byorder ofthe bwd dtrusm on 27 Fegnjafy 295 arKf shjned M tts terlf. M C Smit.i. Trustee Page 2
INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF THE SIR CLIFF RICHARD CHARITABLE TRUS[ Independent exami ner's report to the rru5tees of The Sir Cliff Richard Charitable Trust I repart to the ckiarity triJsle.?s ofi ryy examiration of -.ke accounis cf I kie S"r Cl i-, Rictriard Cliariiable Trusi Iihe rustl for the year ended 30 April 2C2£ ResponSbIlltles and basis of report As Ike :kidrily [{Ste5 of te frus: you are responsible for the prep31btior of the accou1ts in accoidlnce with the requirerren=s of the Ckar-.i=s Aci 2011 j l.ie Act'l I rpporp. in respe=1 o Ty pxamination Oi the I"us:'s accgunis ca'"'ed oul uiaor Seclijn l a5 01 Ihe ALL aia In carrying ou= my examination I have lollowec 8118pplicable Difeciions given by -he Ckarily Corrmission ijncer Section 14JlSllbl F)f the Ac-. Independent examiner's statement 5irc= your char iy's grogs In=OTe ex=oedt3d £240.0) yo..r examiner MLSI be a member of a listec Jody. I can con-lrm thai l am qualified io urde?ke Eie examigaLK)1 1CauSe l am 3 Tember of -he Insiiluie of Chartered .4ccountanis in Englpnd and Wal?5, which li one of tke listed bcKJies. l F-iave ccmple-.ed my exaT naiioi)_ I confiiT Ihai ro rraie'ial mailers iGve come io my aiTention in conn.tion wilh rhe examination giving me caJse to bElieve-.hal in any ma-.erial 'p.spect- ccoJrrting records were nor kept n respecr cf th= TrLSt as requiree by SecLion 130 of the Act,. cr Ihe 3ccounTs do no- 2cco'd wilh those records", or Ihe acccunts dc rot c.omply with -he apti cahl- requ reni@r s Loicerriir.g il'.e form dnd content of accounis ser out in the 1hari-.ies (Accoanis 2nd Bepor.5) Regulat Ops 2J08 other tban Bny recJiremenl that lie accoLinrs give true 2nd fair view which Js noi a mG-ter considered &iS gan Jl aq incepegoerir excm na-ioi. I have no conceiri! GrTrd have corye acr055 no oiher mat-.ers in coine(iion with -he ex&mine=ion to wlich aiiention shoJld be drawn n th.5 ie?ort n crder ro enable. a propp.r iiioeisienciig cf ifre eccoL'lllS to re6cYed. Paul fi Imcvlhirter FCA The Insiiluie o, Ch2rtered Acccuniants in Englard and wa.es The Vicwhirter Partnership imiiec Chartered Accouitar,ts 336 frfiolesey Road Hershai-l W31ioi' on TharYe5 Si,rrey 12330 27 -ebrLary 2025 Gge3
THE SIR CLIFF RICHARD CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 APRIL 2024 ?024 Unrestricred fund 2023 funds Notes INCOME AND ENDOWMENTS FROM Dop.ations ard legaci= 4iO,296 109,748 Invesrmeni Irlcome 4,240 .550 Total 454,i36 11',,298 EXPENDITURE ON Charitable activities DonatlO-1S 126,OOv 12L,oao Oiher 1.394 978 Total 12 1,394 122,978 INCOMv(EXPENDUR 32/,142 111.68") RECONCILIATION OF FUNDS Total funds biouiJ.It fowar 373.9?8 385,608 TOTAL FUNDS CARRIED FORWARD 701,070 373,928 The noies form patt o,. -hese financ al siaterrents Page 4
THE SR CLIFF RICHARD CHARfiABLETRU BALANCE SYEET 30 APRIL 2024 2024 Unresthcted ffiJnd X123 IDtsI fijnds otes CURREMt L55Ers Cash at thnk ?oz CREDITORS AmoLnts tslling due 1th1 ye3r (1,0201 (9781 CURRENT A55Ef5 701.070 TufAL A55Ef5 LESS CURRENT ALME5 701,070 313928 ASSE[5 701,070 FUNDS Uniestrirted 7CI.070 373928 TOTAL FUNDS 701.070 3.9?8 The fina?cial 5ratements wcrc approv bv the Eoard of TpJsrees aqd authffifd fcm i>sue cn 21 February 2Q2J arxl were sigrEd on tts tehaif by. MCSmth- TpJ5t T DA NOmand-Tr[ee The re5 fom part dthesefnarlal 5taternffits Page S
THE 51R CLIFF RICHARD CHARITABLE TRUST NOTE5 TO THE FINANCIAL ¥tATEMENTS FOR THE YEAR ENDED 30 APRIL 2024 ACCOUNTING POLICIES Basis of preparing the financial siatements The finarcial stelemenrs of Ikie chè.rity, ch is G PLblic benefit pTr[ily under FRS 102. h&ive beer prepared li accordanfe witn .-P.e Clidrities SORP IFRS -,C21 'Accounting aTd Repoting by Ch,Brities Siatemeit o, Recommendec Pr2Ctic.p. a-..3 Icable to =hari-.ies pr=parng their accoJF15 in arcordapc- wirh Lhe Finarcial Reporting SiaYc&rd apJ'ica3'e In rne 3r,d Reoug.IC of Irelapd IFRS "?) ieffective l JanLèry 201 91,. Financial ReDorripg Standard 1.2 'Th- irnaic el Reporting Siai-da'J apF' able p tie JK and Rcpu?',i= or I". eland, ènd The Chariiies Aot PO. l. The fina<ic".i<il st8temerrs kave. bepp pi-par= Jnoer ihe Fiist?rlOj cosi Jnvention. Income A.1 Incoi-,e 15 [Cog[sed in the Siarerrenr of Financial Ac-ivities once rie cha'it&' ha5 entitl-mell t -0 lil c funds, it is Jrobable that-.he ncc)me will '-ceived inG the aTOUlI can be measured ieliably. Expenditure Liabililie5 are recogn sed 35 eXndItUre. a5 50cn 85 -kere is a legdl or constructive obligaii- -n committir.g =he charity lo th3E cxpenai-.Lre, 11 is prc?able th61 a iransfer af economic èerefits wil bp Ipqii red in 5ert emi)nt and the amouni of Ihe obligaiion cap e measured reliaHly. =xperd"ture 15 GC=oJn-ed rar on en Eccruals bESIS 8nd bas trRen cld55ified uider k,eadings ihai aggregale ¢11 cosi re.a:.ec -0 lie catf Goy. Wbere cosis Cdnnot be directly aiiributed to Jarticular headings Ihey have en allocaied to Gcliviiies on a basis consisren( w th the use of resources. Direct chcritable expenditure comFr ses dorèiions. ip.clJded on Ilie acciuals basis, made In funherarnce of the charitable obiecis OT the chéiity. ThF Trus1 pays loi exaT n81ici fees. bank :harges a.-c minor sundry expensos. No other management énd adTrin siraiion Cvsts are IncL,rred. by the charily. The cia ly ieceived f",* services f'om Balladeer Limiied End th.ese arYouiif5 dre not consiGered alarial. Ir'ecoverable VAT Is Iieated as parr of rhe expEnse-o wPiich Il ielates and is 1015epdfdle,Iy dnalysed. Gidnts offered subject to condiiions which have no- tken mp.t at the yea. end date ale noted as E comm.Ime.nt but not accrded as extEnditUlL'_ Taxation The char iy is exempi Trom tax e.n Its charitable act vities. Fund accounting Unresi'ic."ted lJrds can be used in accordance w-ki Ihe char ia.-le obje(t'ves ai Ilie discrciion of itre-rusiees. Rcstric-.ed fJrds can 04ly be used for part.icular restr"c.tpd p:Irposes wiihin the oèiect5 0, tTe charily. Resi iictions arise '¥vhen sppfjified Dy :he uonoi or wher fJnds arts r3i5ec fo." par.icular restri=led purposes. FLrthpi expl8na-.ion ol t.ie iaiu'e cnd pui-ose of ea= fund is inclueed in the no-es t- Ihe financial SidlL'r"Ic'iits. INVESTMENT INCOME 20.?4 2023 tpresi received oi IIK bank accounts 4,240 1,550 Page 6 coriinued...
THE SIR CLIFF RICHARD CHARITABLETRUST NOTES TO THE FINANCIAL StATEMENTS- continued FOR THEYEAR ENDED 30 APRIL 2024 GRANTS PAYABLE 2024 2023 Donation5 126,CX)O 122.000 -he following cheritable dona'.ions were made In the ypar". 2024 2023 Princcss Alice H05?ice Arts Centre GroJp No'doff - 2Jbbins MU CTrildrci's Ali AmbJlance Nara tle Breathing Ck2rily Sundry dona=ions oiF r3.OOv or less each i 0.000 6.000 5,QJO 4,000 4,000 99,COO ' ?6,CO" 12?.000 TRUSTEES, REMUNERATION AND BENEFITS There were no Irusiees, rtsmunererion or other bene'115 for ihe ye3- ended 3C Apnl 2024 ior '.cr Ihe year erded 30 ,4pril 2023. Tru5tees' expenses There were no -rustee<' cxpc.n5es paid for Ihe yeai ended 3C A.J'il 2024 noi lor the year ended 3- April 20?3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricied fund INCOME AND ENDOWMEWS FROM Donaiioi IS aic legacie5 109,748 Investment ipcoTe 1,550 Total 111,298 EXPENDITURE ON Charitable activities Donaiions 122,000 Other 978 Total 122,978 NET INCOMEIIEXPENDITUREI 111,6801 RECONCILIATION OF FUNDS Toial funds brought foThard 385,608 TOTAL FUNDS CARRIED FORWARD .8 7.8,928 Pasc 7 continued...
THE SIR CLIFF RICHARD CHARITABLE TRUST NOTES TOTHE FINANCIAL STATEMEMtS- continued FOR THE YEAR ENDED 30 APRIL 2024 CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR ?C?4 2023 Oiher crecitors 1,026 978 MOVEMENT IN FUNDS Net movemenL in fuids Ai 30.4 24 At l.i.23 Unrestricted funds Gneral fund 373.928 327,142 701.070 TOTAL FUNDS .8 7.4,9?8 327.142 701,07J Ner rrovement in 'unds, included in Ihe a*)ve a"e es t OWS-. IncoTring 'esources Reso Irces expended Movemeni In funds Unrestricted funds General 'und 4i4.536 1127,3941 327,142 TOTAL FUNDS 4J4.536 {12 1.394j 3?7,142 Comparative5 for movement in funds movement in furids At 30.4.23 Ai ;.5.22 Unrestricted funds Gp.n&ral fund 385,608 {1-.6èK)I A73,928 TOTAL FUNDS 385.608 (11.&801 373,928 Comparative iei movemeni in funds. incluced in the_ étx)ve are as fo, ow5- IriC-Tiing 'esoLIccs Resources cxpepded Movement in funds Unrestricted funds Cipfiefdl fJnd 111.298 [1 ?2,978; {11,6801 TOTAL FUNDS I11.?98 111?.9781 (11.6801 contiiued...
THE SIR CLIFF RICHARD CHARttABLE TRUS[ NOTES TOTHE FINANCIAL STATEMEWS- conrinued FOR THE YEAR ENDED 30 APRIL 2024 MOVEMENT IN FUNDS- continued A curreii yeor 12 monihs ard prior year 12 ionrhs combined Josiiion is as follow5- Ner movemer-. in funds Ai 30.4 24 Ai l.Sa2 Unrestricred funds 11g.ner81 fund 38>,608 31.i.462 701,07C TOTAL FUNDS 385.(A)8 315,462 701,070 A cu'reni year 12 months and prior year 12 monihs combined nei movemeni in runds. ipclJdec in the above arF s follows". 4esources extEnded Movement In funds resources Unrestricted funds Genera fuid 65,834 1250,3721 315,462 TOTAL FUNDS 565.8J4 125-,3721 315,462 RELATED PARTY DISCLOSURE5 Thore were no rela-.cd pir.y tra15acEions fo"-. 4e yearendea 30 AFil 2024. Pege 9