REGISTERED COMPANY NUMBER: 07425286 (England and Wales)
REGISTERED CHARITY NUMBER: 1137133
ort of the Trustees and
Financial Statements for the Year Ended 30 November 2024
for
CARAMEL ROCK LTD

CARAMEL ROCK LTD
Contents of the Financial Statements
for the Year Ended 30 November 2024
Page
Report of the Trustees
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
6 to 11
Detailed Statement of Financial Activiti
12 to 13

CARAMEL ROCK LTD
Re
ort of the Trustees
for the Year Ended 30 November 2024
The trustees who are also directors of the charity for the purposes of the Companies Act 2006,
present their report with the financial statements of the charity for the year ended
30 November 2024. The trustees have adopted the provisions of Accounting and Reporting by
Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS
102) (effective 1 January 2019).
INCORPORATION
The charitable company was incorporated on 1 November 2010.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by ils governing document, a deed of trust, and constitutes a limited
company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCEAND ADMINISTRATIVE DETAILS
Registered Company number
07425286 (England and Wales)
Registered Charity number
1137133
Reglstered offlce
17-18
Lower Dock Walk
London
United Kingdom
E162GT
Trustees
B Mubiayi
S R Watts (appointed 7.3.25)
L Mahony
R Bowles
R Shum (appointed 15.8.24)
S l Rahim (appointed 9.9.24)
G Forrest (appointed 15.7.25)
Company Secretary
Approved by order of the board of trustees on 16-09-2025 and signed on its behalf by..
ubiayi Trustee
Page 1

The Trustees, who are also the directors for the purposes of company law, present their
annual report together with the financial statements of the Charity for the year 1 De￿mber
2022 to 30 November 2024. The Annual report serves the purposes of both.a Trustees,
report and a directors, report under company law. The Trustees Gonfirm that the Annual
report and financial statements of the charitable company comply with the current ststutory
requirements, the requirements of the charitable company's governing document and the
provisions of the Statement of Recommended Practice (SORP) applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in
the UK and Republic of Ireland (FRS102) (effective 31 January 2022) as amended by
Update Bulletin 1 (effective January 2022).
Since the Charity qualifies as small company under section 382 of the Com
anies Act 2008,
the Strategic report requirements of medium and large companies under th
Companies Act
2006 (Strategic Report and Directors, Report) Regulations 2013 has been omitted.
The Trustees oversee the processes of interaction and decision-making among the actors
involved in a collective form that leads to the good practice of execution of 11 the charities
activities with the authority to make decisions.
Caramel Rock charity began as part of Ascension Church running workshops in a local cafe,
running shows in a local church starting in 2008. From then, the charity established its own
status building track record for its first 2 years gaining charity status in 2010 and has grown
not only working with churches, communÉty groups, schools, youth centres, universities and
businesses.
We have a strong belief in shaping our future leaders and therefore we offer, in every
course, a personal development scheme, as well as helping young people,
't is also our
mission to provide people (children and adults) with the knowledge and exp
rtise of the
fashion industry, to help them forrn a solid foundation for a brighter future.
We are an educational charity that provides courses and training to young people and young
adults Caramel Rock is a creative arts charity providing training and opport
nities, in
Newham for local people.
Additionally, Caramel Rock guides young people to achieve both their short and long-term
goals. This is accomplished through improving their skills and giving them work experience
within the fashion industry.
Objectlves and actlvlties
a. Objectlves
Caramel Rock's objectives include supporting young people and their famili+s, providing
skills, experience and qualifications, and improving young people's confidence, motivation
and ambition in order to help them develop positive opportunities in their lives.
We specifically use fashion as a means to engage with young people because of the interest
it holds for so many young people, as well as the fact that it provides signifiqant and relevant
opportunities for employment in the London retail sector.

Another key objective for Caramel Rock is changing the relationship that young people have
with fashion, encouraging awareness and understanding of 'fast fashion, and how fashion
can be more sustainable.
We believe that young people hold the key to change, as they are the next
consumers, retailers, and business leaders.
eneration of
Alms:
Skill Development.. Provide participants with opportunities to develop practical skills related
to various aspects of fashion design, such as sketching, pattern-making, sewing, garment
construction, styling, or textile manipulation.
Creativity and Innovation.. Foster creativity and innovation by encouraging p
icipants to
explore new ideas, exp&riment with different materials, and develop their unique design
aesthetic.
Experience: As an arts training provider we aim to help young people in disadvantaged
circumstances that may not have the right support or guidance and help theln to connect
with industry professionals, gain experience and receive the qualification they need to
achieve their future career.
Support.. one to one support for young people and their communities to build self-awareness
and confidence to progress on thFir future journey.
We aim to advance the education for disadvantaged young people in the fashion and
creative arts sector to a superior level.
Strategles for achlevlng objectlves.
To achieve these aims Caramel Rock have a strategy to embed Sustainability and
awareness of the circular fashion economy. The Sustainability Project builds knowledge of
the circular fashion economy to the next generation to work in the sector.
We have a strong belief in shaping our future leaders and therefore we offe￿, in every
course, a personal development scheme, as well as helping young people, it is also our
mission to provide people (children and young adults) with the knowledge ahd expertise of
the fashion industry, to help them form a solid foundation for a brighter future.
Our goals are also reached through organising and implementing our own
Fashion Show and other events.
aramel Rock
In setting objectives and planning for activities, the Trustees have given due consideration to
general guidance published by the Charity Commission relating to public b*efit, including
the guidance 'Public benefit: running a charity (P82)'.

Fashion and Creative Arts
As a fashion and arts charity, we use creative arts as a tool to instil confide
those that are passionate about wrsuing a career in this sector or for those
ce and skills to
that show true

potential. Not only is fashion a profitable market but also the creative industry builds life skills
by encouraging individuals to think creatively and solve problems efficiently.1 Our academy
promotes creative (career?) pathways such as fashion, the arts and dance
nd develops
individuals and local people through opportunities of work experience within
the sector.
Caramel Rock delivers our objectives by providing one on one support with young people
and their families, an accredited BTEC vocational diploma level 1 and 2 in f shion and
clothing, portfolio and CV development and work experience placements.
Educatlon
HION
VCAJ'ION
ARITY
CARAMEL ROCK
R¢ii
At Caramel Rock we believe that
verybody has the right to education. Eve
right to be empowered, inspired a
d given an opportunity to uncover their h
life. For us education is power, it's a tool that can improve and sharpen live
importantly we use it to close the fashion technical skills gap in the Fashion
passion for both educating people and advancing the local community ena
the lives of individuals and encourage them to corne together with a shared
voice to advance their community,, Our education programme includes BTE
Diploma Levels 1 and in fashion and clothing, workshops and events.
body has the
hest potential in
but most
ector. Our
es us to enrich
ision and one
Vocational

Job Training
'M:.carami'lrock.r()m
SHION
UCATIO
ARITY
As a fashion and arts academy, Our students are trying to increase future prospects in the
fashion and arts sector. We are passionate about seeking ways to increase job training for
young people. Fashion is considered a leading industry in terms of employing young people
from the age of 18-30 which we are proud of and want to do our part by bringing
opportunities to people. Many of our young pupils have successfully complated and have
gained further experience and work in the fashion industry. We only aim to further this and
provide our services for a wider population of young people without jobs or the right
connections to land them into employment within the fashion sector. This is embedded into
the delivery of all of our programmes and activities. Job training includes placements and
internships with businesses and local fashion brands and businesses.

Strengthenlng Communitles
We believe that the community is at the very heart of what we do. We encourage local
people to work together to not only strengthen the community but increase individual
engagement and involvement in the lives of others. Much of our work is geared towards
inspiring the community to work together and take an interest in what is going on around
them. We help to prompt conversation between the young and the elderly. By instigating
dialogue between parents and children, teenagers, and elderly we hope to create a bond
between local people in the community and increase richness to the community. Activities
such as workshops, events, fashion shows, pop up shops cover the scope of our offer in
strengthening communities. We promote and celebrate diversity and inclusion within the
community, fostering respect, empathy, and understanding across different cultural, ethnic,
and socio-economic groups. Our programmes empower by providing leadership
development opportunities through our youth committee. enabling community members to
take initiative, collaborate effectively, and drive positive change within their neighbourhoods
or organisations.

Mentoring and Enrichment
••
(r
At Caramel Rock we are passionate about seeing this generation work towards their
dreams. We are enthusiastic about mentoring and instilling confidence in those that intend to
develop their lives, or even start up their own business. We have a keen interest in helping
to nurture and prepare individuals into their desired dreams and although we specialise in
the creative industries we have mentored people who have gone on to do wany other things.
Our support is to ensure our beneficiaries gain a better understanding of hoW they can
develop their skills and most importantly how they can contribute to society. We provide
monthly mentoring sessions to support the development of each of those aged 30 and below
in their career development and aspirations. The mentoring monthly sessions cover skills
development and identify areas for improvement or skill development and c
eate learning
opportunities such as workshops, training sessions, or hands-on experienc
s. The
programme includes feedback and reflection and providès constructive feedback on
mentee's performance, projects, or behaviours, and encourages self-reflection to promote
continuous learning and growth.

Objectives and activities
Main actlvltles undertaken to further the Charlty's purposes for the public beneflt.
Caramel Rock works with industry experts in varied fields to progress its work. We are
committed to developing the next generation of creative's by giving people the opportunity to
access resources, courses, opportunities, and gain working experience in the creative arts.
We work with young people and adults as well as vulnerable people and help them get back
into employment or training by equipping them with the skills they need through the creative
arts. We use fashion as a creative means to engage with people. Some students may just
want to gain some experience or have a platform to showcase their work within the industry.,
this is something we also provide.
We also work with young people with disabilities and aim to engage them in our activities
so that they can discover their own passion. We believe that every person has a talent and a
purpose, and we set out to show a wide range of people their ability and potential to
succeed. We are a Christian organisation that stands on Christian values.
Achlevements and performance
Revlew of actlvltles
Caramel Rock is a dynamic youth focused charity that uses the engaging mediums of
fashion and creative arts to improve education, employment and social inclusion
opportunities for disadvantaged young people living within the London Borough of Newham
and neighbouring areas such as Tower Hamlets, the City and Docklands.
Pathways through Education: Formed as a Charty (registration number 1137133) our
creative projects look to provide pathways back into education, employment, or training for
NEET (not in employment, education or training) young people between the ages of 16 and
24 who are disengaged from formal learning environments. We work with over 250 young
people each year through a team of 5 staff and 18 volunteers. Our success and retention
rates are as follows:
80 % achieve full qualification and complete programme engagement.70 % progress into
employment or training in the 6-month post programme
We follow up with all participants within the 6 months window to confirm they are still
engaged within the workplace or further training post the support Caramel Rock has
provided.

Engagement and Participation: The youth activities organised under Caramel Rock have
successfully engaged young people from diverse backgrounds. Attendance rates have been
consistently high,
Review of activltles (continued)
indicating strong interest and participation among the target demographic. The interactive
nature of the workshops have been particularly effective in capturing the attpntion of youth
participants.
Impact on Youth Development.. Caramel Rock activities have had a positive impact on the
development of young people Participants have reported increased confidence improved
teamwork, communication, and problem-solving skills among participants.
Inclusivity and Diversity:. Caramel Rock has actively reached out to underrepresented
communities to promote inclusivity and diversity by providing scholarships or subsidies to
ensure access for all youth, regardless of socioeconomic background. We role model equity
and inclusion through within our staff and volunteers too.
Youth Leadership and Empowemient.. Caramel Rock has successfully empowered young
people by providing opportunities for leadership and decision-making. Yonug participants
have been involved in the planning and organisation of events, as well as in mentoring roles
during workshops. This has empowered them to take ownership of their learning and
contribute to the success of the program.
Community Engagement and Support.. The support from the community, including parents,
educators. and local businesses, has been instrumental in the success of youth activities
associated with Caramel Rock. Partnerships with schools, youth organisatiqns, and
community ￿ntreS have facilitated outreach and resource-sharing, enhancing the reach and
impact of the program.
Long-Term Impact and Sustainability: The youth activities associated with Caramel Rock
have demonstrated potential for long-term impact and sustainability
Flnancial review
a. Reserves policy
Caramel Rock is currently dependent on sub-contract from educational institutions such as
colleges and schools as well as grants and trust funding (source of income)'to sustain its
activities, as earned income alone would not allow Caramel Rock to continue operating.
This means that if there were to be a gap in Caramel Rock (source of debtor) it is likely that
Caramel Rock would have to close.
To avoid closure if funding difficulties were to happen the Caramel Rock board has agreed to
keep a certain level of financial reserves to ensure that main operations can, continue for a
period of 3 months.

The main concerns of the board are to ensure..
that staff can continue working, primarily to secure new funding.
that memberslservice users are supported to move on to other seNiGes.
Currently funding has been secured until the end of each academic year, but if difficulties
were to arise then, it has been calculated those reserves of £30,000 must be built to
continue running for at least 3 months.
The calculations include staff salaries, pensions. and payments to HMRC, rènt, basic office
running costs and other expenses as well as an allowance for redundancy payments to
eligible staff should the organisation be fOr￿d to close.
If service delivery to vulnerable clients is a key factor, reserves may also ta
costs of moving users on to alternative seniices or a period of wind-down s
months.
e into account
rvices over 3
The reserves should be built up from the unrestricted (earned) income. The level of reserves
should be calculated and monitored every 3 months by Caramel Rock (starf, or board
member) This policy should be reviewed yearly and whenever there are sigpificant changes
in staff hours or numbers.
b. Deflclt
Since relocating to our new premises in 2020 at the beginning of lock down I the Charity has
invested significantly in capacity building initiatives aimed at strengthening our operational
foundation and increasing our long-term impact. These investments were inltially supported
by a social investment fund loan awarded in 2019 and later supplemented Y a Bounce Back
Loan received in 2020. Both sources of funding have been instrumental in enabling us to
expand our services and improve infrastructure, though they have also contkibuted to
cumulative deficit in the Charity's unrestricted reserves.
While the Trustees had originally projected that the deficit would be elimina
2023124 financial year through increased fundraising and contract income,
dbythe
xtefnal
challenges and slower-than-anticipated income recovery have delayed this
arget. The
Charity remains in deficit and continues to seNice the repayment obligations on both the
social investment loan and the Bounce Back Loan.
The Trustees are actively reviewing the Charity's financial strategy and remèin committed to
achieving financial sustainability. Measures currently being implemented in
lude the
diversification of income streams, increased emphasis on unrestricted fund
ising, and cost
efficiency across operations. The improved capacity and reputation the Charity has
developed in recent years position it well to secure new funding and partnership
opportunities.
Despite the continued deficit, the Trustees are confident that with prudent fir4ancial
management and ongoing support from stakeholders, the Charity is on a sustainable path
toward recovery. The Board continues to monitor the financial position closdiy and is
exploring further funding opportunities to support our mission and meet rep
obligations.

Financial results
The net income for the year amounted to £2,920 (2023.. £-77,376). No corporation tax is
expected to arise on the results for the period.
Structure, governance, and management
Constitution.
Caramel Rock is registered as a charitable Company limited by guarantee and was set up by
a Memorandum of Association.
b. Methods of appointment or election of Trustees
The management of the Charity is the responsibility of the Trustees who are elected and co-
opted under the terms of the Articles of Association.
Statement of Trustees. responsibilities
The Trustees (who are also the directors of the Charity for the purposes of company law) are
responsible for preparing the Trustees, report and the financial statements in accordance
with applicable law and United Kingdom Accounting Standards (United Kingdom Generally
Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year.
Under company law, the Trustees must not approve the financial statements unless they are
satisfied that they give a true and fair view of the state of affairs of the Cha
incoming resources and application of resources, including its income and expenditure, for
that period. In preparing these financial statements, the Trustees are required to:
select suitable accounting policies and then apply them consistently.
observe the methods and principles of the Charities SORP (FRS 102)
make judgments and accounting estimates that are reasonable and prudent.
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject
to any material departures disclosed and explained in the financial statements.
prepare the financial statements on the going concern basis unless it is inappropriate to
presume that the Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to
show and explain the Charity's transactions and disclose with reasonable accuracy at any
time the financial position of the Charity and enable them to ensure that th financial
statements comply with the Companies Act 2006. They are also responsib
efor
safeguarding the assets of the Charity and hence for taking reasonable steps for the
prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees on 161091202
their behalf by: B Mubiayi
and signed on
Independent examiner's report to the Trustees of Caramel Rock ('the Charity.)

I report to the charity Trustees on my examination of the accounts of the Chprity for the year
ended 30 November 2024.
Responsibilitles and basls of report
As the Trustees of the Charity (and its directors for the purposes of compan
responsible for the preparation of the accounts in accordance with the requi
Companies Act 2006 (The 2006 Act,).
law) you are
ements of the
Having satisfied myself that the accounts of the Charity are not required to be audited under
Part 16 of the 2006 Act and are eligible for independent examination, I repo
in respect of
my examination of the Charity's accounts carried out under section 145 of t
e Charities Act
2011 ('the 2011 Act,). In carrying put my examination I have followed the Di
ections given by
the Charity Commission under section 145 (5) (b) of the 2011 Act.
Independent examlnerfs ststement
I have completed my examination.. I confirm that no matters have come to
connection with the examination qiving me cause to believe:
y attention in
accounting records were not kept in respect of the Charity as requir
of the 2006 Act" or
2. the accounts do not accord with those records. or
3. the accounts do not comply with-the accounting requirements of se
2006 Act other
d by section 386
ion 396 of the
than any requirement that the accounts give a 'true and fair, view wh
matter considered
ch is not
as part of an independent'examination.. or
4. theaccountshavenotbeenpreparedinaccordancewiththemethodsand
tement
rinciplesofthesta
of Recommended Practice for accounting and reporting by charities
charities preparing their aÈcounts in accordance with the Financial
Standard applicable in the UK and Republlc of Ireland (FRS 102).
I have no concerns and have corne across no other matters in connection Mlith the
examination to which attention shbuld be drawn in this report in order to en
understanding of the accounts to be reached.
ble a proper
applicable to
eporting
This report is made solely to the Charity's Trustees, as a body, in accordan4e with Part 4 of
the Charities (Accounts and Reports) Regulations 2008. My work has been yndertaken so
that I might state to the Charity's Trustees those matters l am required to state to them in an
Independent examiner's report and for no other purpose. To the fullest exte
law, I do not accept or assume responsibility to anyone other than the Chari
t permitted by
Charity's Trustees as a body, for my work or for this report.
and the

Inde
endent Examiner's Re
CARAMEL ROCK LTD
ort to the Trustees of
Independent examiner's report to the trustees of CARAMEL ROCK LTD ('the Company.)
I report to the charity trustees on my examination of the accounts of the Company for the year
ended 30 November 2024.
Responsibiliti88 and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law)
you are responsible for the preparation of the accounts in accordance with the requirements of the
Companies Act 2006 ('the 2006 Act,).
Having satisfied myself that the accounts of the Company are not required to be audited under
Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my
examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011
('the 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity
Commission under Section 145(5) (b) of the 2011 Act.
Independent examlner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed
body. I can confirm that l am qualified to undertake the examination because l am a member of the
Association of Chartered Certified Accountants, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in
connection with the examination giving me cause to believe:
accounting records were not kept in respect of the Company as required by Section 386 of
the 2006 Act., or
the accounts do not accord with those records., or
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act
other than any requirement that the accounts give a true and fair view which is not a matter
considered as part of an independent examination., or
the accounts have not been prepared in accordance with the methods and principles of the
Statement of Recommended Practice for accounting and reporting by charities (applicable to
charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to
which attention should be drawn in this report in order to enable a proper understanding of the
accounts to be reached.
Cumberland Accountants Lt
The Association of Chartere
ertified Accountants
IL. 1.11 .£.5..................
Page 2

CARAMEL ROCK LTD
Statement of Financial Activities
for the Year Ended 30 November 2024
30.11.24
Total
furtds
30.11.23
Total
funds
Unrestricted Restricted
fund
fund
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
112,421
142,471
254,892
225,501
EXPENDITURE ON
Raising funds
1,667
1,667
8,850
Charitable activities
Com
163,559
163,159
9,470
174,$96
162,443
Other
9,370
15,012
Total
174,596
186,305
NET INCOMEI(EXPENDITURE)
Transfers between funds
(62,175)
142,471
142,471
{142.471)
80,196
39,196
Net movement In funds
80,296
80,
96
39,196
RECONCILIATION OF FUNDS
Total funds brought forward
(77,376)
(77,176) (116,572)
TOTAL FUNDS CARRIED FORWARD
2,920
2,920
<77,376)
The notes form part of these financial st2t8ments
Page 3

CARAMEL ROCK LTD
Balance Sheet
30 November 2024
30.1
.24
30.11.23
Total
funds
Unrestricted Restricted
fund
fund
Notes
FIXED ASSETS
Tangible assets
82
CURRENT ASSETS
Debtors
Cash at bank and in hand
138,472
2,029
138,
72
29
65,263
5,094
140,501
140,
01
70,357
CREDITORS
Amounts falling due within one year
(49,007)
(49,
07)
(72,197)
NET CURRENT ASSETSI{LIABILITIES
91,494
91,
94
(1,840)
TOTAL ASSETS LESS CURRENT
LIABILITIES
91,494
91,
94
(1,758)
CREDITORS
Amounts falling due after more than one
year
(88,574)
(88,
74)
{75,618)
NET ASSETSI{LIABILITIES)
2,920
20
(77,376)
FUNDS
Unrestricted funds
20
(77,376)
TOTAL FUNDS
20
(77,376)
The charitable company is entitled to exemption from audit under Section 477
Act 2006 for the year ended 30 November 2024.
f the Companies
The members have not required the company to obtain an audit of its financial
year ended 30 November 2024 in accordance with Section 476 of the Companie
The trustees acknowledge their responsibilities for
(a) ensuring that the charitable company keeps accounting records that co
386 and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the stat
charitable company as at the end of each financial year and of its surplus
financial year in accordance with the requirements of Sections 394 an
othewise comply with the requirements of the Companies Act 2006 r
statements, so far as applicable to the charitable company.
tatements for the
Act 2006.
ply with Sections
of affairs of the
r deficit for each
395 and which
ating to financial
The notes form part of these financial statement8
Page 4
continued...

CARAMEL ROCK LTD
Balance Sheet - continued
30 November 2023
These financial statements have been prepared in accordance with the provisjons applicable to
charitable companies subject to the small companies regime.
The fi
ancial statements were approved by the Board of Trustees and authorised for issue on
and were signed on its behalf by:
Trustee
B. Mubiayi
The notes form part of these financial statemants
Page 5

CARAMEL ROCK LTD
Notes to the Financial Statements
for the Year Ended 30 November 2024
ACCOUNTING POLICIES
BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial statements of the charitable company, which is a public b
FRS 102, have been prepared in accordance with the Charities S
'Accounting and Reporting by Charities.. Statement of Recommended Pra
charities preparing their accounts in accordance with the Financial R
applicable in the UK and Republic of Ireland (FRS 102) (effective 1 Janua
Reporting Standard 102 'The Financial Reporting Standard applicabl
Republic of Ireland, and the Companies Act 2006. The financial stste
prepared under the historical cost convention.
nefit entity under
RP (FRS 102)
tice applicable to
porting Standard
2019),, Financial
in the UK and
ents have been
INCOME
All income is recognised in the Statement of Financial Activities onc
entitlement to the funds, it is probable that the income will be received an
be measured reliably.
the charity has
the amount can
EXPENDITURE
Liabilities are recognised as expenditure as soon as there is a legal or con
committing the charity to that expenditure, it is probable that a transfer of
will be required in settlement and the amount of the obligation can be
Expenditure is accounted for on an accruals basis and has been classifi
that aggregate all cost related to the category. Where costs Cannot be di
particular headings they have been allocated to activities on a basis consi
of resources.
tructive obligation
conomic benefits
easured reliably.
under headings
ectly attributed to
tent with the use
TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off
estimated useful life.
ch asset over its
TAXATION
The charity Is exempt from corporation tax on its charitable activities.
FUND ACCOUNTING
Unrestricted funds can be used in accordance with the charitable objectiv
of the trustees.
at the discretion
Restricted funds can only be used for particular restricted purposes within
charity. Restrictions arise when specified by the donor or when fun
particular restricted purposes.
the objects of the
s are raised for
Further explanation of the natur& and purpose of each fund is included i
financial statements.
the notes to the
Page 6
continued...

CARAMEL ROCK LTD
Notes to the Financial Statements - continued
for the Year Ended 30 November 2024
TRUSTEES, REMUNERATION AND BENEFITS
There were no trustees, rernuneration or other benefits for
30 November 2024 nor for the year ended 30 November 2023.
year ended
TRUSTEES, EXPENSES
There were no trustees, expenses paid for the year ended 30 Novembe
year ended 30 November 2023.
2024 nor for the
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Rest
fund
fu
icted
Total
funds
INCOME AND ENDOWMENTS FROM
Donations and legacies
69,150
156,
51
225,501
EXPENDITURE ON
Raising funds
8,850
8,850
Charltable actlvltles
Com
162,443
162,443
Other
15,012
15,012
Total
186,305
186,305
NET INCOMEI(EXPENDITURE)
(117,155)
156,
51
39,196
RECONCILIATION OF FUNDS i
Total funds brought forward
39,779
(156,
51) (116,572)
TOTAL FUNDS CARRIED
FORWARD
(77,376)
(77,376)
Page 7
continued...

CARAMEL ROCK LTD
Notes to the Financial Statements- continued
for the Year Ended 30 November 2024
TANGIBLE FIXED ASSETS
Fixtures
and
fittings
COST
At 1 December 2023
Disposals
82
(82)
At 30 November 2024
NET BOOK VALUE
At 30 November 2024
At 30 November 2023
82
DEBTORS: AMOUNTS FALLIN¢ DUE WITHIN ONE YEAR
30.11.
30.11.23
Trade debtors
138,4
65,263
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.
30.11.23
Bank loans and overdrafts (see iote 8)
Other loans (see note 8)
Trade creditors
Social security and other taxes I
Other creditors
Pension Fund Contribution pa
Accrued expenses
16,8
6,249
8,007
23,184
30,328
709
1,965
1,755
1)
30,0
49,0
72,197
Page 8
continued...

CARAMEL ROCK LTD
Notes to the Financial Statements - co
for the Year Ended 30 November 2024;,
tinued
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE Y
30.11.
30.11.23
Bank loans (see note 8)
other loans (see note 8)
50,0
38,5
50,000
25,618
88,5
75,618
LOANS
An analysis of the maturity of loans is given below:
30.11.
30.11.23
Amounts falling due within one y
Bank overdrafts
Other loans
ar on demand..
16,8
6,249
8,007
16,8
14,256
Amounts falling between one an
Other loans - 1-2 years
two years:
38,5
25,618
Amounts falling due in more tha
five years:
Repayable by instalments..
Bank loans more 5 yr by instal
50,0
50,000
MOVEMENT IN FUNDS
Net
movement
in funds
Trans
betw
fun
ars
en
At
1.12.23
At
30.11.24
Unrestrlcted funds
General fund
(77,376)
(62,175)
142,4
2,920
Restrlcted funds
RESTRICTED Fund
142,471
{142,4
1)
TOTAL FUNDS
(77,376)
80,296
2,920
Page 9
continued...

CARAMEL ROCK LTD
Notes to the Financial Statements - co
for the Year Ended 30 November 20241
tinued
MOVEMENT IN FUNDS- continued
Net movement in funds, included in the above are as follows:
Incoming Resou
resources
expen
ces Movement
in funds
Unrestrlcted funds
General fund
112,421
<174,5
6)
(62,175)
Restrlcted funds
RESTRICTED Fund
142,471
142,471
TOTAL FUNDS
254,892
(174,5
6)
80,296
Comparatlves for movement In funds
Ne
move
infu
At
1.12.22
ent
ds
At
30,11.23
Unre8trlcted funds
General fund
39,779
(117,1
5)
(77,376)
Restrlcted funds
RESTRICTED Fund
(156,351)
156,3
TOTAL FUNDS
(116,572)
39,1
(77,376)
Comparative net movement in fubds, included in the above are as follows..
Incoming Resou
resources
expen
ces Movement
ed
in funds
Unrestrlcted funds
General fund
69,150
(186,3
5) {117,155)
Restrlcted funds
RESTRICTED Fund
156,351
156,351
TOTAL FUNDS
225,501
(186,3
5)
39,196
Page 10
continued...

CARAMEL ROCK LTD
Notes to the Financial Statements - co
for the Year Ended 30 November 2024
'tinued
MOVEMENT IN FUNDS- contiryued
A current year 12 months and pr
r year 12 months combined position is a
follows:
Net
movement
in funds
Trans
betw
fun
ers
At
1.12.22
en
At
30.11.24
Unrestricted funds
General fund
39,779
(179,330)
142,4
2,920
Restrlcted funds
RESTRICTED Fund
(156,351)
298,822
(142,4
TOTAL FUNDS
(116,572)
119,492
2,920
A current year 12 months and Iprior year 12 months combined net m
included in the above are as foll
vement in funds,
Incoming Resou
resources
expen
ces Movement
ed
in funds
Unrestrlcted fund8
General fund
181,571
(360,9
1) (179,330)
Restricted funds
RESTRICTED Fund
298,822
298,822
TOTAL FUNDS
480,393
(360,9
1)
119,492
10. RELATED PARTY DISCLOSUR
There were no related party tran
actions for the year ended 30 November
024.
Page 11

CARAMEL ROCK LTD
Detailed Statement of Financial Activiti
for the Year Ended 30 November 2024
30.11.
30.11.23
INCOME AND ENDOWMENTS
Donatlons and legacles
Gifts
Donations
142,
112,
71
21
225,501
254,
92
225,501
Totsl Incomlng resources
254,
92
225,501
EXPENDITURE
Ralsing donatlons and legacles
Postage and stationery
Sundries
24
43
486
351
67
837
Other tradlng actlvltles
Fixtures and fittings
4,549
Charltable actlvltles
Wages
Rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Advertising
Sundries
Rent
106,
19
82
97
107,242
2,594
1,548
7,701
3,346
4,845
2,516
57
88
90
30
28,
21,520
154,
03
151,312
other
Cleaning
Educational Materials
Meals and entertainment
34
47
89
2,394
12.014
604
70
15,012
Support costs
Flnance
Bank charges
4,599
This page does not for
part of the statutory financial statement
Page 12

CARAMEL ROCK LTD
Detailed Statement of Financial Activiti
for the Year Ended 30 November 2024
30.11.
30.11.23
FinanGe
Information technology
Repairs and renewals
Travel Exp
79
50
622
1,518
29
2,140
Human resource8
SO￿are licences
2,485
Governance costs
Accountancy fees
Legal fees
Due and Subscriptions
52
18
57
1,085
40
4,246
27
5,371
Total resources expended
174,
96
186,305
Net Income
80,
96
39,196
This page does not for
part of the statutory financial statement
Page 13