Charity number: 1100036 CATKIN PUSSYWILLOW CHARITABLE TRUST UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024
CATKIN PUSSYWILLOW CHARITABLE TRUST CONTENTS Page Roference and Admlnislrative Details of the Charlty. its Trustees and Advt$er$ TNst005' Report Indapenden¢ Examlner's Report Statomenl of Financlal ActlvStlè$ Balance Shaot Notès to th• Finan¢lal Statements 8-14
CATKIN PUSSYWILLOW CHARITABLE TRUST REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED S APRIL 2024 Trust••s 8 Gold R Harris C Atkin Charity Tegi$torèd number 1100036 Princtpal offica 16 Rosemont Road London NW3 6NE A¢¢ountants Nyman Libson Prlu1 LLP CharterL,d Accouiitanls 124 finchley Rnad London NW3 5JS Bankers Coult5 & Co 440 Strand London WC2R OQS Page 1
CATKIN PUSSYWILLOW CHARITABLE TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 5 APRIL 2024 The Trusleos presonl their annual report togothor with the Iiniincial Statements ol C3tkill PussyWilW Chanlable Trust (the charityl loi Ihe year enrted 5 April 2024. The Trustees Confirm thal the annual report and financial slatemenls of the chanty comply with the Cufroiil slalulory requiretnents. the requirem9Tlts ol the chaniis governing documenl and Ihe pruvisions of Ibe Slalemenl of Rocommended Practice ISORPI, appli¢able to Charities preparing their accounts In aLcurdance wilh Financial Reiiorting StaDd¢ird applicable In the UK and Reputslic of Ir&l8nd IFRS1021 lellectiv¥ 1 January 20191. Objective$ and a¢tivities Poli¢i¥s and obl8ctivgs In compliance with the duly set nut In soclion 4 of Ihp Charities Act 2011 and in shaping our objeelives lor the year and plaiining our activites, the Iruslees have Lunsidered the Charily Coinmission's guid8nce on public benefit. In (Je¢iding which ITTrstilulions lo providc grants lo. the triJ5tees given careful ¢on5ideration lo charilios that share the Irusl's objeclivps. b. Strateg1•$ lor a¢hieving objectives The charitys objects are the rgliel ol poverty, distress and sickngss. the advanctsment of education. Ihg protection ol health and other such charitable purposes a5 th@ Iruslee5 see lil. c. Main a¢tivities undgrtaken to further the charity's PLfrposes for the publlc b•nefit In setting objectives and planning lor activities, tho Trusl99s havo givell duo consideration to general guidance published by the Charity Commission relating to public bènefit, Incllidinq ltte guidance 'Public bèngfit.. running a Charity IP821'. Achlevements and perfomianco Main achitvemènt5 of the charity During Ihe year, chanlable donations received. togethor with r#lated gift aid. amounted to £131.475 12023.. £250.0001. These resuurces, together with IrTrleresl ol £1,1551202.8. £2201, were used lo fund gTanls. Flnancial review a. Going concèrn After making appropriato onquirios. the TtUStees have a reaoonable expectation that the charity ha5 adequate resources to continue in operational existence lor the lore5eèable luture. For this reason. they continuo lo adopt the going concern basis In Pfeparing the finan¢ial slalemon15. Further details regarding the adoption of the going concein ba51s can bo founcl In the a¢counling policies. b. R•sÈrve$ policy The Trustees wish lo safeguard the trust's ability to SUPPDrt the beneficiaries in the future and aim lo achieve this by judicious management of ils resources. P8ge 2
CATKIN PUSSYWILLOW CHARITABLE TRUST TRUSTEES. REPORT ICOKTINUEDI FOR THE YEAR ENOED 5 APRIL 2024 e. Mat•rial investments policy The Trustees. policy with regard to managino Investments is lo aim for $8fety ¢ommensurate with immediate and planned spending requiremenls. Accordingly funds ale kept on short term deposi15 Wlth the Trusl'g bankers. Structur•, gov&Ynance and management a. Constitution The Charity was Èst8blished by a Declaration ol Trust dated 26 June 2003 85 Ihe'catkin Pussywillow Charitablo Trusv and Is registered with the Charity CoTrmission undor tho rogislralion number 1100036. In setting objectives 8nd planning lor aclivilies, the Trusloès have given due consideration to general guidance published by the Charity Commission relating lo public benefit. inclurjing the guidan¢tr 'Public bonefil. running a charity IPB21'. b. Methods of appointment or election of TrusteeB Futurè trustèes are to be appointed by resolution ol the existing Irust?.cs. ¢. Or9anisatton)I slru¢tur¢ and doeision-making poliei•$ The Trust is adminislgrgd by the Board of Trustees which is ils governing body. There are no paid employees and the truslfyes meet ¢11 least Iwice a year lo disc.liss and Implement polic.y. d. Financial risk management The Trustees have assessed the major risks tu wl)ich Ihe charily is exposed, in particular Ihoso rÈlal$d to thè operations and finances ol the charity, aiid are satisfied thal systems and procedures are In place to miligale exposure to the major risks. Plans for future periods Thè Calkin Pussywillow Charitable Trust plans lo wnlinue to operat8 Inlo the lorseèable future with the Continued objective ol prtsviding grants to 5n51itulions working towards the relitrl of poverty, distress and sickness. Page 3
CATKIN PUSSYWILLOW CHARITABLE TRUST TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 5 APRIL 2024 statement of Trustees. responsibilities The Trustees are responsible lor preparing the Trustees. Report and the financial statements in accordance with applicable law and United Kingdom Accounting Sl8ndards Iunited Kingdom Gengrally Acceptèd Aceounling Practice). The law applicable to charities in England & Wales requires the Trugtee5 to prepare financial slèlements for each financial year which give a tru& and lair v19w ol the stale ol allairs ol the charily arld of ils Incoming resources and application ol resources, Including Ils income and expendilure, for that period. In preparing thes8 financial statorllenls. tho Trustees are reqLiired lo". select suitable accounting policies alld then apply them consistèntly, obserye the methods and principles ol the Charities SORP IFRS 1021. ako iucjgmcnls and aecounting estimates Ih¢?l arp rvasonablo and prud&nt., slate whelher applicable UK Accountin9 Sl&nd8rdq IFRS 1021 h<3ve been followe(I, subject to any matenal departures disclosed amd explaingd In the financial slalements, preparo the linancir11 stalvmenis on Ihe gtsing concem ha315 unless Il Is inappropriatg to presurne that the charity will continuo in businoss. The Tru3tees are responsible for keeping adequalo accotjnling rectsrds that aro sufficiènt to show and explain the charily's transactions 8nd discloso with roasonablo &c.curacy al any time the finaiicial position ol the charity and enable them to ensure Ihat thu Iindncidl slatLim¢nis comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and thè prov15ions of the Trust deed. Th$y are also responsible for safeguarding the a8sols of the charily and hL>nco lor taking reason8ble Steps for the prevention and detection ol fraud and othei irregularities. Approved IJ by order of th8 membor8 ol Ihe board of and signed on Iheir b&half by., Trust885 on R Harrls ITrLJsleel Page 4
CATKIN PUSSYWILLOW CHARSTABLE TRUST INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 5 APRIL 2024 Independent Examinèr's R•port to the Trustees ol Catkin Pussywillow Charitable Trust I'tho harity'l I rèport to the charity Trustees on my examination ol the accounts of the charity lor the year ended 5 April 2024. Responsibilkties and Basis of Report As the Trustee5 of the charity you are responsible for the proparalion ol the a¢counts in accordance with the requirements ol the Charities Acl 2011 I'lhe 2011 Act'l. I report In respect ol my examination ol the ¢hanty's ac¢oLints carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145I5llbl ul Ihe 2011 Act. Independent Examiner's Statement Your attention Is drawn lo the la¢1 that the charily has preparecj the accoun15 in accordance with Accounting and Reporting by Gharities. Slatemenl of Rocommonded Practice applicable lo charilies proparing their accounts in accordanc8 with the Financial Reporliny Standard applicable In the UK and Republic of Ireland IFRS 1021 In preference to Ihe Accounting and Reporting by Charitie5.' Statement of Recommendèd Practicè issued on 1 April 2005 which Is referred lo Ir? tho oxlanl rogulatiL>ns bul has boen wilhdrawii l und&rsland Ihal this has been don¢ In order for tho accounis lo provide a true and fair viow in accordancg with the Generally Accepted Accounting Practice effoLlive lor reporting periods beginning on or after 1 January 2015. I have completed my examination. I confirm that no mcltters have come to my attention in connection with the examination giving me cause lo believo thai In any rMtilLSfial rospoct. a¢¢ounting r¢¢ords were not kept In respect ol the charity a5 Toquirod by sèction 130 of the 2011 Act., or Ihg a¢UnIS do not accord wiltt Ihose reLords.' or the accounts do not coinply with the Jpplicdble roquiromenls concerning the form and conlenl ol accounts set out in the Charities IAcLountS dl)d Repodsl ReguldliL>ns 2008 olher thsn any requirem¥nt that the accounts give a 'lrue and fair, vicw which Is not & maller considerod a5 Part ol an Independent examinolion. I have no concèrns and have como across no olhcr maller5 in connection with the examination to which atlènlicin should be drawn in this reporl in ordor lo enable a proper understanding ol the accounts lo be reached, This report is ma(Jo solely to the charity's Truslep.s. as a body, In ac.cordance wlh Part 4 of the Charities (Accounts and Reports) Regulalions 2008. My work has been undertaken so that I might state to the chanty's Trustees those matters l am requ5red to stale to them In Indepondent Examiner's Report and lor no other purpose. To the fullest extent permilted l)y law, I do not accept or assume responsibility lo anyone other than the charity and thè ¢h3rity's Trusi8es as a body. for my work or for this roport. Signed". Andr6w Thomas Dated 3 March 2025 ACA Nyman Libson Paul LLP Chartered Accounlanls 124 Fifichley Road London NW3 5JS Page 5
CATKIN PUSSYWILLOW CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2024 unstriCted funds 2024 Total funds 2024 Tola funds 2023 Note In¢ome from: Donation5 and legacies Charitable activities 131,475 1,15S 131,475 1,155 250,000 220 Total Incom¢ 132,630 132,630 250,220 Expendlturg on.. Charitable aclivilios 109,100 109,100 1 SO,400 Total exponditur* 109,100 109.100 150,40Q Net mov•m¥nt in fund$ 23.530 23.530 99.820 Reconciliatlon of funds.. Total funds brought forward Nel movement in funds 129.668 23.530 129,6fj8 23.530 29.848 99,820 Total funds carried fOard 153.198 153.198 129.668 The Statement of Financial Activities includes all gains and losses recognisod in the yèar. The notes on pages 8 10 14 form part ol these financial sIBlements. Page 6
CATKIN PUSSYWILLOW CHARITABLE TRUST BALANCE SHEET AS AT 5 APRIL 2024 2024 2023 Note Curront assets Deblors 62.500 96,09e 70,000 77.143 Cash at bank and in hand 158.598 147.143 Creditors.. amounts falling (Ju& within on ar 12 15.4001 117.4751 N•t curr•nt assets 153,198 129.668 Totjl ntri ass•ts 153.198 129.668 Charlty funds Unrestricted funds 153.198 129.668 Total funds 153,198 129.668 Th8 financia slalemenls werè approvèd and aulhorised lor Issue by the and signod on their behalf by.. Trustees on R H¥rrl$ ITru5teel Th& notes on pages 8 to 14 lorm part of these financial slalemenls. Page 7
CATKIN PUSSYWILLOW CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 General Trnlormation The Catkin Pussywillow Charitable Trust is 8 charity registered in England & Wales. Ils registered offi¢8 address Is 16 Rosemont Road, London. NW3 6NE. Accotsntlng poliei•$ 2.1 Ba8is ol preparatlon of financial statements The Iinancidl slaterrTrenls have been piepared in accordance with Ihe Chariti85 SORP IFRS 1021 Accounting and Roporting by Charilies. Slalempnt ol Recommellded Practice dppli¢ablo lo charities preparing Ihuir accuunls In <)ccoidanco with the Financial Report1ng Slandard applicable In the UK and Repul)Iic ol Ire18nd IFRS 1021 lelloL11ve l JanLJ¥3ry 20191, Ihe Financ131 Reporting Standard applicable In th6 UK &nd Ropublic ol Ireland IFRS 10218nd the Charities Act 2011. The financial stat8m8nts have been prepared lo giva a 'lrue and fairf view and have departed Irorn the Charitie8 IA¢couri15 and Roportsl Regiilations 2008 only lo the exlenl required lo provide a 'lruo and fair, vi£iw. This deparluro has Involvod fullowing the Cttantitls SORP IFRS 1021 published In October ?019 rcilher Ihaii tho AcLuunling driol Reporting by Charilies.. Slalemant ol Recomrnended Practioe elfoclivo from 1 April 21105 which h¢1S siiIG8 been withdrawn. Calkin Pussywillow Charilable Trust meets lh& dalinilion ol a public benofit ontity under FRS 102. Assels and liabilities are Inilially rtcognised at historical cost or IFansaGtion value unless otherwise statad in the rel6vanl a¢Gounling policy. The charity's functional and presentalional currency is G13P. 2.2 Fund accountlng Genaral funds are unrgstricled fund5 which are available for use at the discretion of the Trvslees in lurtherancts ol tho general objectives ol the chanly and which have not been ¢Jesi9nated for other purposes, 2.3 Going concern The Iruste@s have reviewed Ihe clrcumslances of the charity. and consider that adequate resources conliniie lo be available to flind the activities of 117e charity for the foreseeable future. The Iruslees consider thai there are no material nrtaIntIeS about the charills abilrty to continue as a going concern. 2.4 In¢omè All Tncome is recognised onfje the chc?rity has entillpment to the In¢ome, Il is probable Ihal the Income will be re1Ve(l and the amouni of inLOfflQ reGeivable can be measured reliably. In¢ome tax recoverable in relation lo donations received under Gift Aid OT deeds of covenant is Tecognised al the ts'me of the dona150n. Income lax recoverable in relation to investment income is recognised at the time the investrnent income is receivable. Page 8
CATKIN PUSSYWILLOW CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2024 Accounting poIFcies Icontlnuedl 2.5 Expenditurè Expenditure is recognised once there is 3 legal or conslrLJCtive. oblioaliDn to transfer oconomic benefit to a third p8rty. it Is probable that a transfer of oconomie benefits will be required in selllemenl and the amount of tho obligation can be measured roliably. Expenditure OFI charitable aetivilies Is Incurred on directly und¢rtaking the activities which further the charity's objectives, as well as any 8ssocialed support costs. Grants Pciyable aro charged In the ye,Ir when the offer Is made excopi in those ¢ases where the ofltrr Is condilional. such yianls being recognisod as oxpondilure when the conditions attaching are fulfilled. Grants offered subiecl lo ¢ondilions which have Tiol been met al the year end are noted as a ¢ommitm&nt, but not accrued as expenLliliiro. Govarnance costs are those Incurred Iii collnection with adminislralion ol the charity and compliancg with constitutional ano statulory requirements. 2.6 Interèst roc•lvalJl6 Interest on funds hold on deposit is ineludod when receivable and the amount can bo measured reliably by Ihe Lharily, this is nofmally upun nolilicalion ol th8 Interest paid or payable by the bank. 2.7 D*btor$ Trade and other debtors are recognised al th& seiii&ment Amount. 2.8 Cash a¢ bank and in hand Cash al b8nk and In hand Inclydos cash and shorl.lorm highly liquid inv¢slments with a short maturity ol three months or less from Ilie dale ol ac4u1511ion or opening of the deposit or similar accounl. 2.9 Liabililies and provisions Liabilities arè recugi)ised when Ihere is an obligation at Iho Balance Sheet date as a result ol 3 pa51 èvènt. Il is probable Ihal a Iran%ler of economic benelil will be required in settlement. and the amount of the setlletnent ean be eslimaled re11ahly Liabilities are recognised al the amount Ihat the charity anticipates il will pay to Settle the debt. Provisions are measured al the besl estiniale of the amounts required to settle the obligalion, 2.10 Finaneial instrum•nts The charity only has financial assets and financial Iiabililies ol a kind that quality as basic financial nstrumenls. Basic financial instruments are initially rocognised al transaction value snd subsequently measured at their selllemenl value wilh Ihc exception tsf bank loan5 which are subseqLJenlly measured at èmortised cost using the effective Interest method. Pagg 9
CATKIN PUSSYWILLOW CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2024 Critlcal aecountlng estimates and are8s of Judgment Eslimales and judgments are Cont81[Y evalijaled and are based on historical experience and oltt&r factors, inLluding gxpeclalions ol future 0vents that are believed to be reasonable un(Jer the circumslaNces. Critical accounting eslimales and assumptions. There are no aOUnting estimations or assumptions in the accounts that arè Considered to be critical. Incom¢ from donations and legacies Unreslriclèd funds 2024 Total funds 2024 Total lunds 2023 Donations 131.475 131,475 250,000 Income from charitable a¢tivltles Unreslricled funds 2024 Total funds 2024 Total funds 2023 Interest reGeivabl& 1,155 1,155 220 Aftaly$ls of granls Grants to Total funds 2024 2024 Grants lo institutions 104.300 104,300 Grants t Institutions 2023 Total funds 2023 Grants to institutions 145.000 145,000 Page 10
CATKIN PUSSYWILLOW CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2024 Analysis of grants l¢ontinuedl The ¢hanty has made the following material granls to institutions during the year.. 2024 2023 Name of institution Caring Matters Nc>w Hampslead Theatre HVP UK 25.000 50,000 5.000 5,000 100.000 10.000 5.000 Roundhouse Trust Sl Annes College Turkey Disaster Fund unVer$I1Y of Calilornia Trust UK 10,000 39.300 104.300 145,000 Analysis of expenditure on ¢h#ritable actlvities Surnmary by fund typt UnstrICted funds 2024 To131 2024 Total 2023 Grants to Inslitutions 109,100 109.100 150,400 Analysis of gxp¢ndilur• by actlvltles Grant fundin9 of Support costs Total lunds 2024 2024 2024 Grants to institutions 104,300 4,800 109,100 Induded within sUPPOrt costs are govemance cos15 of £4.800 12023". £5.4001 consisting of legal, professional and independÉnl examination lees directly altribulable to the govemance ol the chaTIIy. Page11
CATKIN PUSSYWILLOW CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2Q24 Analysi5 of trxpendilure by activities Icontinuedl Grani funding of activities 2023 Support costs 2023 Tolal nds 2023 Grants lo institutions 145.000 5,400 150,400 Indèpendent examinerfs remuneration 2024 2023 Fees payable to the ¢hgTily's independent examiner lor the independènt examination of the charity's anntsal accounts 3.000 3,000 10. Trustees, remuneration and èxpon89$ Ouring the year. no Trustees rec*>ived any romuneralion or benefits12023 £NILI. During the year en(led 5 April 2024, no Trusleg expenses have been incurred12023- £NILI. Oebtors 2024 2023 Due within one year Other debtors 62,500 70,ODO 12. CreditOT5: Amounts falling due within one year 2024 2023 Accruals and deferred Income 5,400 17,475 Page 12
CATKIN PUSSYWILLOW CHARITABLE TRUST NOTE5 TO THE FINAMCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 13. Statement of fund$ Stalèmènt of furids - current ygar Balan¢e at 6 April 2023 Balance at 5 April 2024 Income Expenditure Unrestricted fund$ General Funds- all funds 129,668 132,630 1109,1001 153,198 Statement of funds - Prior year Balance at 1 April 2022 Balance at Income Expenditure 5 April 2023 Unrostrlet•d funds Gener81 Funds- all lund$ 29.848 250.220 1150,4001 129.668 14. Analysi$ of net assets betwèen funds Analysls of net assets botween funds . currènt p•rlod Unrastricted funds 2024 Tolal funds 2024 Current assets Creditors due within one year 158,598 IS,4001 158.598 15.4001 Total 153,198 153,198 Page 13
CATKIN PUSSYWILLOW CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 5 APRIL 2024 14. Analysis of net assets betw&•n funds l¢ontinuedl An8lysis of net assets between funds . prior period Unrestricted funds 2023 Total funds 2023 Current assets Creditor5 due within one year 147.143 117.4751 147,143 117,4751 Total 129.668 129,668 1S. Related party transactions Governanco ¢0sls include £2,400 12023.. £2,400) in respect of professional services payable lo Adler Shine LLP. a firm which R Harris Is a cunsullant. A donalion of £80,00012023'. £200.0001 was received Irom C Alkin. a trustee ol the ch8ri18ble trust. Page 14