REGISTERED cOmPAy l¥L.MBER.. 06777504 (England and Wale51 REGI.%TLRED CHARITY TriU1BER- 11311124 Report Of the Trut+tees Dd Financial Statements foi. the Year Eknded 31 Deccmbtr 202.1 for CAtzero Limited Harris Laccy and Swain Chartered Accountants and Stywiory Auditors Th¢ Riv¢r51de Building East Yorksliire HU130DZ
Cati.cri> J.imiti'il Cuntinls vl. thL' Findnli'il StJtL'fiiL'lIts the VL'AJ. Ended .11 DL'cembvr 2023 licpvyl of ihL. Trusti'L'5 R¢purl of tliL. IndL'PL'ndcnt Aiiditors 9 10 12
Cattero Umlied Report of tILe Tru5tee5 for the Year Ended 31 December 2023 Th¥ Irustces who are a150 dircrlors ot. the chdi.ity ftri. thc puiposcs of Ihc Conipaiiics Act ?006, present th¢ir rLPOrt illiih Il)e fTnancial 5rareineiir.q of the cliarity for rhe yeai. elided 31 r)eceinber ?0?3. The ITu%1¢¢5 hav¢ adtspied the provis1011S of A¢¢otinlingT and Rcportiiig by ChariliL'%.' Suieinent ot RecoinmLiidLd Practice applicable Iv chJriliLs pr¢parirtL their accounts Tn uccordance witli Ihc Financial Reporiins Stdndard applicable in the UK and Republic of TTLlaiid IFRS 1021 leffeciive l Jaiiuary ?0191. Page I
Calll'i-o LiJiiitL,d Rl'purt i*f lht I'ruslL'L'S for thl. YL'ai' F.Adi'd 31 DL'Lember 21123 Our l)#ck'&Tr(bund
Cat£ero LiThittd Repori of the Trustees for the Year Ended 31 December 2023 our prograinjiic 'sailin<y' ¢xp¢rieiice. IL%ing the 7?ft Catzerv Cliallenge yJclii. offers participant& ali iiiteiise jouriiey. H¢ld iowJrds th¢ eiid of OUT forni&l probyraniines, it pulls logeihei. everythin thai is ILaiiicd buildiiig confidciirc, i¢ainwork and In an Intense 2nd clialltn41118 enviroiimeiii. Tliere is nowhere 10 hidt on IIic5¢ sails. wliich can only be truly JpprLci¢it¢d It'¢xp¢ri¢nc¢d. We liave rigorous pi'o¢edures and processes iii place lo nianage our obligaiions to healtli ttnd safety, safeguarding aiid overnaiite. OBJECTIVES AND ACT.1T1Es CONTINUED Signifi¢%nt Actlvitles Funding Citzero r¢c¢ivcd iDCOEne froni ov¢r 50 diftCTellt sources ihrouglioul ?0?3, ijicludinn pl)ilaniliropic donors. faii)Ily llwsts local bu%in¢s% ai)d individual.% as well a% applying 10 gTan( niaking orgaiii&alioiis for fuiidiiig. W¢ also liave some wondei-fvl fundraiseis dnd raise inconie from Ilie u(ilisaiion of our yacht wlien il is noE bein used for Prooran)mes. Thc majority of our cosis are sraff cosis as we work intCll5iv¢ly with indiyidual.% and famtlics on thcir pcrsonal dcvelopmcnr. supportino Ihcm tlirough cvery Slep. Our Core ¢osts are kept to a miiiimuiii due to tlie uenerou* pro-bono support of many Ivcal buSlli¢bS¢b. A.5 a re5111t, we are pleased 10 report a sniall surplus for the year. which kns been achievcd as a rcsuli of our contin1l iiiiiovaiive ways of workinu thc proiciiveness and cominith]eni of managemeni and siaff as well as th¢ suppoii of our fundejs. We continue to be very proud ofihe aniazin¥ work and re5ilicnce of the team. who work ¢xecptsonally hard ai makin Il)c orgaiiisation J sucLe55, and equally so of the p&rticipattts who, despiie lacing cliallenging conditions. liave acliieved niaiiy persoiial sucte55¢$. Page 3
CllllL'ro LiiiiilÉd RL'port ¢bf thL' I'ru.%rL'I lor thi, Yeai. F.ndL'd 31 DeCLMbl.r 2023 OB.IECTI1'.S ANI) Ill.'Tll.'ITIF.S Cl)%iTINUTr.I) ()tJi- 2023 suppiirli'r$ JR Ri.K '.Iiid %uii%. SC'M%.'I'IIK niir 21123 Lnd ol-yC%ir irl-l. ThL bULCL4% UI. C'JiZiro for ovvi. J dLLddL 1% diii. with()ul doubi, lo tlic dLdiLalLJ ILain vl-.4lJll'. tiu%lLLS Jlld vuluiiiiLr%. C'Jt/.cro Lould noi ci)niinu¥ w1thoui Ilii.%:IDTra7.inbi %uppoi1. Publi¢ beni,fit
C8¢ztro LTriiittd Report of Ille Tru5t&'C5 for the YeaT Ended 31 December 2023 STRATF.GIC RF.PORT Achievement and performanee Ch#rit*ble 2ttlvitle5 In addiLlOlI to achievin¥ tlie conlraciual aorcerntnts, referred lo above. CaiZ¢TQ CQfitiniies 10 seclliE donaiions and cunlTibulion.q Ihruu&Th small grdttis applicaiion%. corporatc support and fundrai51ng evenis. which enable the organisarion 10 tn¢ct it5 0bjccti¢$. Fingncial r¢iiew Finaiicial position Tlie financial posiilon of rhe cliariry 15 disclo8ed in the aita¢hed financial siaiemenis. Reserves policy Ca17.eiD, aloiig wirh all the rliai-ity 5¢Ctor, Is encoiii'aged to have a robiist rc5cTh'es policy that providcs all exicrnal s¢iic%¢s. tuiid pruvidtr% Jnd thc orbTa5118aiion iisclt-. coiifidilicty iii Ihc fuliirc dclivcry ot 5¢rvi¢es. This caij only be evidenced if Ihe res¢rv¢s ar¢ sufficieni io sllpport a loiig ierni 5tra(egy. ThL Trusieeb have e51dbli&hLd a reserves policy will) Ihc loiig-l¢rm obj¥rlivL lu build diid maintain al Icasl Six iTLonih5 LTrpcrarin8 cxpendiiurc estimated at £500.000. This would ¢QVCT funding llnceffainiics and unexpccted or planned addiiional expciidittirc iii ord¢1 lo eiisure Iliai Ihe Charity is ablL ro nicei comrnitincnts and 10 ttsiiliiiue as a ¥oing oncelm. Tli¢ ¢uriei)I polJLy IS 10 IherefoiE, reach a r¢serve fLiJid in exces5 of £500,000 wIthiii a 3 year pLYiod lo 2027. In addiiion 10 a '8cneral Tescrve,, il rs the int¢iitioii To build a'tapital replaeemeni rescrvc. thai will be uscd as o means to providc for niajor rcpairs aiid uiicxpect¢d rapilal ¢051 for Ilie operaiinLJ vesscl Calzero would not ¢XlSl if tlie Lfftique natui-e of Ili¢ PTograilltDes do InvvlvL IIIC OPPOnlLniiies Ihdl this vessel pi'ovid¢5. Tile Lurrenl Icvel ot. IILC reserves 3Tt £180.1?0, £ I 0,000 ot. which have been internally resti'icted as dc5igiiuted funds. The Chariry realist that Ihe CUTNit rinaiicial Ii¥iircs do not iiicel il?cir slaicd reseiv¢5 policy. The Tw4rees arc dttively diver&ifying their services so that they are les5 reliJni on graiit iiiconic and iiicrcasing ihc amouiit of torporaie intomt %0 Iliey liave a niore even balancc of fuiiding. Fixed a5sels Tl)e Twble¢s Are ii)foiniLJd Iliai Ilie opeii markei valiie of Catzero. its CJiall¢n¥e 72 yaclii is around £500.(}. wliich is abovc its nei book valuc iii rlie Finaiicial Siaicnicnts. Tl)is yacht provides Il)e uiiique opportuniry to deliver significai)t experiences to our participants as well eiiabling fiiiidraisingl tlii-uugh COEniMeriidl bdils. Pag¢ 5
cat£er LiiiiitL,d RLPUI't of thL' l-rusiL'LS tur the YeaT F.ndtd 31 DecL'iiib¢r 2023 -%TTIAI'I.-C.IC' IITr,P()II'I' C-()Nl-1S LI.. OMI. fiiluj'i, Rixruitirieijt lind appi&iiitniL'lIt tsl. nLiW IriiitL'¢S Ri%k illA1141lVI'niL'nt
Catzero Limited Rcport of th¢ Trustte$ for the Ytsr Ended 31 Decernber 2023 RF.FERF.NCF. AND ADNIINISTRATIVF. DF.TAII.S Registered Compan?. nuniber 06777504 IEii¥laiid aiid Wales) Registered Ch¥rlt)' number Re¥istertd 2b Hutiiber Sireei Easi Yorksl)irc HUI ITG Tru5tee5 Mr J L DTck OBE (resigned 25.1.231 Mr F. R C Le*'i.% Ire%igned 19.7.23} Mi"5 D J Oxl¢y OBE, DL Mi. C Andi'cw Idppuintcd ?$ 1 ?31 Mrs S L Rcdrnan lappoinlcd 25.1 ?31 Iresigi?ed 24.5.931 Mr J M Sharpl¢y lappoiiited 25.1.23} Dr H E G Boyd lappuirtled 25.1 ?31 Mr S J Smiih {dppointed ?5.1 ?31 Mjss J M Healon Q.P.M. 11gPPOilit¢d ?0.9.23) Ir¢siuned 1.7.?4) Mi's J Bowcs lappoinlcd 8.? ?41 Ms J Hewson lapptsit)ied ? 7 ?41 Thc Board cxpr¢ssed their ilianks to Jim Dick. wlio was IcdvLLig tli¢ oi'gaiii5ation. having founded thc clisriry back in 2008. Thaiiks were a150 expr¢ss¢d to Charles Lewis ivho had also been wtih Caizero since irs concepiioii. Tlie lasi fifteen years of service 2nd sirotig govemaiice liave made a significaiii difference. Cornpany Secrelary Mrs C IM Biadl¢y-Taylor Auditors Harri5 Lacey and Swain Cliartcred Accoiintaiit5 aiid Sthtulury Auditors Tlie Riverside Buildin8 Hesslc Easi Yorkshire I.IUI 3 ODZ Chl¢f Exetutive Officer Dave Bcrtholini Key Management Clare Bradley-Taylor Dcinny Watsoii Pcte Tighe Saiali Cou150n
RL'pi)rt ul thc I'ru51LX5 loi. thc VL4r F.nd¢ .1 l DcrcNJhcr 21123 'I"IIU.S-IF.F.S' RF..SI>()NSIBII.I-11- STplTE.MF.NT I)CK(L Mr¥ D J (IxlLy ()BF.. DL - 1-iuiliL PiigiL ¥
Report of tht It)d¢pendent Audltors to the Menibers of Catzero Limittd Oplthlo 31 DLciiibcr 20?3 whiLII Lotnprisc Ilie StdlLtncnl of FinanLiJI ALiiviriLs. Ihc Balaiice ShLct, IIIL Casli Flow Siat¢iii¢iir and iioics ro Ihc tiiiancial sratcniciits. includiiig a summary of significant accouniing policic5. The finaiicial repoittnB frarnewoi'k tliai lias beeii applied in tlieiT pieparalion is applicable law and United Kindoin AcLouniiii8 Siandards (Uniied Kinsydoin Gtliei'11lY Accepted AccounlinsT Practic¢l. In oiir opiiiion tlie financial 5tatemenls'. give a Itu¢ and fair view of the slai¢ of the chai-ilabl¢ coinpany's drrditb a$ al 31 DeceinbLr ?023 aiid of lis iiiconiing resourte5 and application of resourccs, includttig Ils income and Lxpeiidirure, tor the year Ihen ended; have been PlUPL'Fly piepared In accordaiice iviih United Kingdoni Generally Accepted Accoiiiiliiig Pi'actic¢'. and have b¢¢n prepaicd in a¢Lordtincc wilh the reguirLn)LYiis oftlic Conipaijies Acl l(Ml6. Basis for opinion W¥ coiiduLied uur audit iji acLordaiice with Iniernatioiial Stsiidards Lin Audiiing IUKI IISAS IUKII aiid applirablc law. OUT Te5pon5ibiliiie% undcr Ihose 5till)dard% aT¢ turiheT dcEcTILd in thc Auditors, Irspoi)sibilitics for Ihe audit of thc fjnancial siaienienl.R s¢ciion of our I'epo>rt. We are indepeiTrdenl of Il)e cl)ariiable conipany iii aceoi'daiice iviil) Ilie cihical requii-eiM¢DLS Il)al itre i¢l¢vdnl lo oiii audil uf di¢ rji111¢1] siaiLmLnis in d)L UK. iiicludiJJkT Ilie FRC'S Ethical StttndaTd. and w¢ have lfilled otty other ethical rcsponsibiliiiL'S in accorddnce wilh tliese requirements. Wc beli¢ve tliat IliL audit evidciice wc havc obiaiiicd is siiffieicnt and appiDpriar¢ to providc a basi% foi. oiii. opiiiioii. Coclu$lon5 relting to golng ¢oDter In auditing Ilie fiiianeial statLineiit%, have concliided Ihtst th¢ tnisices. use of ihe going concern basis of accouiiring iii tht prepatalioii of ilic tiiiancial SlaielllLYIIS IS PpprIate. Based oil the WOTk we have peifoiiiid. we hav¢ not ideniified any niaiei-iil ULicerlaintics rclating 10 eveiits or coiiditions concetn foi a pcriod ot'ai Icasi twelve niotttlis tiY)m ivhen Ihc tjnaniial statements arc autliori5ed tur its5U¢. Our responsibilirie$ aiid the sponSibl7111es of Ihe trnstees with respect to going coiicern are described iii Ihe relevant 5CCtions of th15 report. Other Information Tlie liust¢¢s Ji¢ r¢sp)iisible fvi the odiei Infurn)Jlion. Tlic other infonnalion coinprises ilie infonnalioii includ¢d LD tII¢ Antiual Report, oihLr Ihaii tlie Iinailcial staW1)liS and our Rep011 of the lTrdependcnt AudiioTS Ih¢Teon. Our opinion on lh¢ financial slarenients does not cover Ihc other infotllicllion and, excepi to the exieni oiherwise ¢xpli¢iily sthted in our report. we do not express uny forni of assuraiice conclusion ihereon. Iii coniieclion willi our audit ofthc financial siatemenis, our rcsponsibility j5 to read the oihcr iLifoiintttlOD and. in doii)g so, consider whethcr thc oihei. infomation is maieriolly incon5isicDI Wlth ih¢ financial statements or our knowledge obiained iii tlie audit or oihenYis¢ appears to be Inaterially rnisslated. If we irfcnlify sllcl) maierial incoiisisiencies or appar¢ni maierial mi5Stalemenls. w¢ arc required 10 d¢l¢TtDin¢ wh¢il)er tliis gjves tisc 10 A m%iLrial misstaleineni in tl)e tinapcial stutern¢nts IlieTns¢lvcs. If, bbscd on Iht work wt havc pcrformcd, w¢ concSudc ihat iheTe 15 a rnaiciiaS isstaieTnent of thi% oih¢r infomi)tion. wc arc requircd to rcport thai faci. We have nothing to Tq>ort in this regord. Oplnlons fyn oth¢r matters prestribed by the Companie5 Att 2006 In our opinion. based oil tlie WOTk iiiidcriakeii in the coiirse of Ilie aLidii.' the iLIt(>mialioii givcn In the RLPOlI Ot- Il)e Trustees for Ihc tiiiaiicial year for wliich Ihc financial slaiei#enis a PTcpaTcd is consistent with the financial 5rat¢mcnts. aiid tlie Repoit ofdie Trustees has been prepared iii a¢cordaiice witli applicable leg31 requiremeiits. Page 9
Ileporl of thL. Indi'pen(IL'lIt pltJdiior5 to the Meiiibers of C*ti.ero Ltmileil Ithiici's oil which £, al'e rcquircd Itb repTri'l b!. excepiio
Report of the Independent Auditors to the Members of CalLero LiThit¢d Our resp(bn$ibili¢ies for the audii of the fJnn¢lg1 stgttmenis Oiir obJeiiives a tLTr ubidii) re(ul7ble assuraiiLe dbuul wlieiliei. Ilie fiiiaiiLial 5taleiiien15 as a wliole are free froni mAtei'iAI missiJreiJieJii, wliLIIILf due 10 traud oi. errol.. dnd tu Jssuc a R¢pi)rl ot- tli¢ Indepeiid¢iit Audito Ill1 includL5 our opiiiion. Reasoiiuble assui'ance is a high levcl of ussurai)cc. but 15 not a guardniee that ali audii tondiicicd iii accordance witli ISAS IUKI will always delecl a maiei-ial Ini%%la¢eii)enl when it exisis. Misslaiemenis can arise froim frnud or crror and are coiisidcrcd Inalerial if. IndividiTl11Y or in th¥ u¥gT¢gT1L 1¢. Ihey could r¢dbonably be expecred 10 intluence Ihe econoiiiic decisions of useib taken on Ih¢ basi5 of Ih¢se financidl stdlLments. W¢ ideiilify aiid abSCSS th¢ n5ks of tnalcTial Inisslaieinciil of tlir lindncidl sldlcmtiiis. wlicihcr di1¥ 10 fraiid or error, and Then d¥sign and pertom) audti procedures responsive 10 rhosc risks, including obraining audii ¢widen¢¢ Ihal Is bufritieni and appropriate to piY)Nide a basis for our opiiiion. Idcnufying and asscssing poicntial I'isk Irlaied to irregularities In idcnrifying and assc8siiio risks of niaicrial rnis51alenicnl in Tespeci of irregularities. incliidiiig fr2ud and non-ioiiipliaiice witli law5 aiid rtgiilaiioiis. wc consid¢r¢d Ilie following-. Audit r¢spoii4¢ lo risks idenlified lh¢ iialur¢ ol- Ilie industry Jiid s¢Llvr. ronlrol eIivirviiineiil and busLLleSS perforniancc includiiig key drivers tor dir¢¢tors' remunera(ion, bonus levels and perfoiTrance iai'gcrs resulis ofoui. eiiqlliries of niaiiageiiieni aiid tlieii. owii identificaiioii and a55e55rneiil of the risk5 of irre¥lllaritie$: diJy iiiallers we ideiiiifled litiviiig obiaiii¢d aiid revi¢w¢d th¢ compani¢5' dvcuinciitation of Ihcir policies and proccduTCS Telating io.. ideiiiifying. evoluIng and ¢omplyiiig wilh laws and regulaLiOliS and whciher they were aware of any ifi5rances of dLteLiing and responding lo Ihe risks of fraud and wlierlier Ihey liave knowl¢dge of any actual, SUSPCLted or allc8ed Iraud.. th¢ inremal Controls establislied lo Iniligai¢ I'isks of fraud or non-compliaiice wilh laws and regulaiioiis.. the iijaiiers disLussed amon¥ ihe audit eiigJqeiiieiit leani includiiig i'¢garding liow and where fraud mjghi OLiif Ln the finaiicial suicmaits ld atiy poteniial iiidicators of fvaud. Ab a re%ult of Il)ese procedures. we considered the opponunilies and inientives iliat Jiiay exist withio tli¢ L)Iganisaiiv for fraud and ideniified Ihe greatesi poienltal for fraud iii Telalion lo I'¢veiiue d¢f¢rrals. Iii corntnoii with all audiis ui)der ISA5 IUKI. w¢ are a150 1'¢quiird lo perf0ini 5p¢rifiL pror¢duT¢s io respoiid 10 the risk of manaxemenl override. We also obi&iJied &n undcrsrandiiig of the Icgal ai)d rcgulatory fTarnewoi'ks Thal the con)paiiy opeT2tes Iii, frKusiiig oil provisioiis of ihose laws aiid regulation5 tlial liad a diTeCt effetl oli tlie detern)Ination of maierial ainoiints and disLlosurcs iii tl)e tiiiajicial slaiejiieiitb. The key laws and regulalioiL wc ron51dertd iii this roittext incliidcd Ihc UK Companies Act. UK CoTporaie Govenian¢e Code ai)d local t&x legislaiion. In addition, we Lonsidered provisioiis of other laws aiid regulaii011s Ilial do noi have a dii¢cl ¢fttet ort the finailcial st#i¢mcnrs bui compliancc with which may b¢ tundanicnial to the company's ability to operalc or to avoid a material penalty. Au(lit respvnse tv rjsks Edenttfi¢d Our proceduit5 to respoiid to nsks ideiitified included the tollowinu: reviewing the fii)ai)cial slaicmcnr disclosurcs aiid iesiiiig to 5UPPOrting docurneniation to ubbess compliance with provisions of relevAllt laws and regiilaiioiis described as haviiig a direct effect on rhe financial 6taienienis,- ¢nquirJJig ol. tnandbitmeni LOIJLeriiiiig aciual aiid poleiiiial liligalion aiid claiin5.' perforniing analytical procedure5 ro identify any unusual oi. unexpe¢ted rElotionshIps that may indicaic risks of maierial niis5raiemeiii diie to fraiid: rcadillgy mijiules ol-meeliiigjs of tliose ¢liatgi¢d with bivv¢nJan¢¢ obtained an understanding ot pruvisions and lield discussions with managemcni to understand rhe basi5 Ot'recogniiion or noii-recogiiilioii of tax prov15ions- Iiid in addr¢55in¥ tli¢ risk of fiaud tlirough MalgeMent overridL of £oiilro15. iestinu tlie appropL'iatene&s of jounial enlries and other adjustments.. assessing wheihei. the judgements made in Inaking aciouniirt&T estimdies aiE indicative of a potential bias., and evalu211118 the bu5111¢55 Tationale of aiiy sigiiificant Irartsactions that are uiiusual OT OUtS2de (ht normal course ofbusiness. Pag¢ 11
RL'pr&rl oftht Indi'pL¥iidL'nl AILditors fil Ilit Mcnil)i'r5 01. U5L' Ut- (bur rl'piirt
Catzero Llmlied Statement of Financial A¢tivilic5 for the Year Ended 31 DeceTnbrr 2023 ?0?3 Toial fuiids 20?? Total fuiids UrtrestriLied fuiid5 Re&triLied funds Notes IIYCOME AND EI%DOWMENTS FROM Donaiions and legacics 36,880 44?.379 479.259 658,864 Charitable actLVlties Chaiitable acli¥ilie5 74.996 Oili¢r tradill¥ aLtivili¢s Investincnt incoine 281.47_5 3,383 31.736 313.21 3,383 22).634 454 Total 321.738 474.115 795.853 906.948 EXPEf4DITURE ON Charitable activitie5 Chariiable acliwiiies 351.R64 794.?43 i¥¥ET INCOMEIIEXPENDJTUREI 130.1761 24.996 31,736 1?4.9961 1.610 117.4581 Transfers between funds r*et moven7ent in funds 15.1301 6.740 117,458} RECOYCILIA TION OF FbNDS Totsl funds brouglii forward 185.250 181.282 366,532 383,990 TOTAL FUNDS CARRIED FORWARD 180.120 188.0?? 368.142 366.532 The iioies torni part otthese fjiiancial stateinenis Pag¢ 13
CaiLti'o Liijiite RxlanLL'.ShL'el 31 DL'Ci'mbL'r 2023 NI)IL FIXED.4.%SL'I'S ClIRRENI' ASSF.TS 47.X911 7().()96 !1)li.4?7 24.10.: -71.}53 CRET)ITI)R.S 14 1fig.()X41 .7. ('[IKIII."NI A.S.%I,'.TS h.749 T()TAI. .4s%Tr-.-rs i.L%S CURIITr-.NT I'()I'II. I-,IINI) 1()8.141 WLIL Mr% l) J l)xlLy ()tJl-. DL--fiuilLL 14
Catzero Limited Cish Flow Stitrmtnt for the Year Ended 31 December 2023 7073 ?0?2 Noies Cash floivs from opeT2fing artivit1¢5 Cush gcncrilt¢d fi-¢iii OPLraiions Ini¢r¢51 pJid 107,)94 17 2661 117,9881 1,9871 N¢t cash piovided bylluled inl operniin¥ aciiviiits 105,3?8 19.9751 Cash flvws from Investlng icdviil¢$ Piirchasc of tangible fixcd as%cis Tiiieresi rectived 15.0?81 454 3.383 cash used in Investing activiiies 7,779 Cash floM"s from finY4n¢ing aetivitic5 Loan rcpayineiii% iii y¢ar L0311 11)t¢rest paid 14,000) ?81 4,000) Net cash used iii financing aclivlties 13.719) 4.tKK>I Change eash and ¢•$h eqMlI'*leDts In the rcporting perlod Cash cash equivglents at the beginning of tkne reporting period 93,830 1?8,5491 204.597 233,146 Cash t2$h tqulY#lent$ at th¢ of the reporting period ?9%.427 204.597 Th¢ notes parl of these f)nan¢ial statei)Jents Pa¥e l.$
Calicro l.iniiti.d IJiL'$ thL' Ca%h F'lipiy St41tl'lTIL'nt for th¢ I'eai. F.ndL,d JI Dc¢ember 2023 lib.( f)(.11.11-l() ()F Tr-.I' INC'I)1.1(&-XpF.N[1ITuRl."1'[{) Nl.-'l- Lilsll F l.()IN' I,'II().M OPER.QTIN(- .IC'TIIIII'TF., -19.0?(I 14541 I.YX7 155.5?31 1 ?_3,598 1 ?4.8?41 tt tasli prijwidcd l?I'llu.scd inl iipLr.Trliuii¥ 1(17.f 94 ANAI.Y%I.4 C)l-. C'lliliN(:I.-.% IN N Tr'.'I' l.-b-Nl),% 7114.NV7 li}x.4'7 I'otal 17U.g311 )7.£4Y ?{IX.47IJ
Catitro Lilted Notes to the Financial Statements for the YeaT Ended 31 December 2023 ACcOUNTIG POLICIES Basis of prcparin% the financial Statements ThL tinLlncial sialciiiLni% ot. tlii chariilE ble coinpany. which is a public bcnctil enliiy under FRS I O? h41VC been prepJred In accordance wilh Ihc Chaniies SORP IFRS I O?I'Accounting and Reporting by Chai"ilies." Sialem¢ni of Reconiniendtd Practice applicable 10 clioi'iiies prepariiig Ihelr accou11t. accordance witli the Financial Reporiiijg Siaiidard applicablc iij tlie UK ai)d Republic of Irelai)d IFRS 1021 l¢rr¢rliv¢ l January 20191.. Financial R¢i)orting Standard 102 'TlJ¢ Financial R¢porting Standdrd applicablc in the UK and Rcpublic of Tr¢laiid' aiid ¢lie Companies Aci 20116. The financial siaten)eiit% have been prepared under Ilie hisiorical eosl ¢OIIV¢L)li()n. a> i)JtMlJfi¢d by Ili¢ r¢vdludiion vlLeriaiJi ass¢tb. In¢ome liiconiL rcetived for services provided is aCCOUJilLd for on aji aecNals basis. Cash donaiioiis. gjifts and legacies are iiicluded tn full iii tlie iiiconie aiid expeiiditllre arcoiini as tliey are received. Any sigiiitiLaiii iiun-casli doiiatiuiib are iiicludcd iii the iniL)in¢ Jnd ¢xpendiluie dLruuiit al tlie IruslLKs' e5tirnat¢ of their maTket value wli¢n r¢c¢iv¢d. The value of voluntary help is rtO¢ Included in the accounts. Grai)Is oiliti. fuiidii)bY ol a reveiiuL nalure ar¢ dclcrred ajid reledsed lo tlie iiicoll)¢ ai)d ¢xp¢Jidilur¢ accvuiii over rhe period 10 which they rclate. Bank inlcresi is includd iii th¢ in¢om¢ and expendiiure a¢¢ollni on an accruals b&8is. Expenditure Lidbililics arc rccogniscd a5 ¢xpciiditur¢ a5 50011 a5 ther¢ is a legal 01 coiistru¢iive obli¥ttion ¢ominiltin¥ Ihe Charity to thai exp¢ndittir¢, JI is probable rliat a iransfer of econoii)ic benetiis will bc irqujrcd in seltl¢rneLir and thc aniouiit of the obli8aiioii can be IiiLasured reliably. Expciiditure is accounted for on ali acciuals basis 3nd has been classified uiider lieadinvs Ilial augiegate all co.st relalcd lo the category Wheie c05t5 caiinoi be diirctly attributed to particulor h¢ading5 they have been ollorated 10 activiljes on a basis eonsisteni Wlth ihc use of resources. Alloc4tioh and apportioNmtnt of costs All costs ttie allocaltd betwcLm thc cxpenditure caiegorie$ of thc Siaienicnt of Fiiiaiicial Aciivities on Ihc basis designed 10 refleci Ihe use of tlie resource. C05[5 relaiing to a particular aciivity are #llo¢aied dire¢tly. otliei are dpportiujied on an appropriaiL basis. T¥n¥ible flx¢d •58e15 DepT¢LialioA ib PTovided tti die following annual raies irt order 10 wriie otr each asset over lis esiimaled useful Vcsscl Fixtur¢s and fittings Conipuler equipn)ent Siraiglil liiii over 20 years ?O'kn on reducing balan¢e 330/D 01) Cost It Wll5 decmed appropriate to revalue the yachi Caizero to ¢nsur¢ Ih¢ ¢anyiiig amount reported reflccied Ihe Tnarket value. Taxatio The cliarity is exernpr fmm corporaÉ¢on tax on it5 chariiable activities. Fund accounting Uiiiesiricied fuiids can be used in arcordanre ivith the ¢hai'i12ble objectives at the dtscreiion of the trusiees. Restnrtcd fvnds ¢an only used for particular re5tTlCted puiyose5 Wlthin thc objeLlS of th¢ charity. Restrictions arise when spccified by the doiior or wheii funds 411t raised for parti¢ul#r restTi¢ied purposes. Pag¢ 17 eOl)linued...
(tI.tO l.iiiiilid for the Year F.nded J I DL'cL'mber 2023 AC.'C'()LN.iI. i)()l.IC'll-, S- C111117{.d 2n2.1 l3i.X75 L?C).S00 Childr¥ii Iii L26.VllU L40.lll)O L26,-SUU £?7.9311 £?5.noo 17? UUO L4.%.$46 .l30.OQO £_1%,718 t.ifl.O(JO j?7.632
Cat4cro Limited otes to the FinanLiAI Statements- conlinued for the Year Ended 31 December 2023 OTHER TRADING ACTIVITIES ?0?3 ?0?? Corpornre nd other tncome 2??.634 JNVESTMENT liYCOlE ?0?3 20?? Deposii 2ceouni iiiieresi 3.383 454 IIYCOME FROM CHARIT ABLE ACTIVITIES 2023 20?? A¢tiNily Loaii r¢l¢ase ?4.996 CHARITABLE ACTIVITIES COSTS Supporl costs (sce not¢ 71 Direct Costs Totals Clillritable activitics 580.704 213.539 794 ?43 SUPPORT COSTS Indirect Governaiic¢ ¢os15 Tokls Ch41rituble activiiie 209,539 4,01)0 213.539 Support cosis. included in th¢ above, alr a5 follow5.' ?0?3 Cliarilable ?0?? Tolal activities Administration wage5 Rcnt. rates, wal¢r and retU5e Insuran¢e Light and lieat Teltphonc Po%1 siaiioiicry and priniiiig InfomlAlion ieclinology Repairs and renewals InieTesi payable and similai. charge5 Aiiiortisaiion of loaii AudiloiE' reniuneration 162,631 ?3.951 6,096 4.685 3,046 755 4,056 2,053 .266 132.731 21.399 7.031 3.597 3,433 1,227 7.306 1,675 1,987 ?4.996 4.000 4.000 213,539 209,i82 Pa¥¢ 19 eoiilinued...
C14 tLerD LiniitLd loi. the VtAr EndL.d 31 Deccmbi'r 20Z3 NI.-I' INC'I).I1F.IIF.NIPI.-,yI}I'I-[IHfr. ALIDITOR.S' l1Tr-.luYF.RA7'I{) 2U?2 4.DOtJ 4.(lUU iu. TIIL%Tb.F..%' IITr-.%IIIP4F.I 43.1171 fi?5 ?07 ThL dVLfdbfL m(>iiilily llumbLr uf LiiipIIiyLLS durilig Ihl yLiif Wdb ¢iS fvlli)wb-. iy TIIL C'liai'ity is.%iippnricd l?y api?roxiniatcly 49 iinpttid vi)luiiieLr.s.
C#fiero Limlted Notes tu the Flnancial Statemen15 ¢onttnui,d for the Year Ended 31 Decembtr 2023 12. TANGIBLE FIXED ASSETS Firylures aiTrd Con)puier ¢quipin¢ni Vessel Totals COST Ai l Jdijtsary ?073 Additions 6?4.878 5.028 ??.7)0 65).6?6 Ai 31 Dcccmber ?0•3 6?4.878 5,018 33.88? 663.788 DEPRECIATION Ai l jinuary ?(J?3 Cliarge for year 406,078 31.244 1.006 804 19.327 6.978 426.411 39.0?6 Ai 31 Dcccnibcr ?0)3 437.37? 1.810 26.305 465.437 r¥ET BOOK VALUE Ai 31 December ?093 187,556 7,577 198.351 Ai 31 D¢c¢fflb¢T 2022 218,800 4.022 3,393 ??6.?15 If Ili¢ Vessel liad not be revalued Iliey woiild have been included al tli¢ following historieal eosi-. 20LI 2022 Cosi A¥¥regate depreciaiion 540.631 1)95 ?0?) 540.631 168.1701 Valiie of V¢5s¢I if not rev#lued 145,429 175.461 The boat Wa5 revalued by Nigel Ling Marine Surveyor11.Eng FCMS MCIArb MRINAI as ai 31 December ?013 at the tnarkcl value of £500,000. This value is deenied reasollabl¢ by tli¢ TtU5tes. 13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2022 Trade debioT5 Otlier d¢bioTS VAT 36,1 5,778 5.OUO 7?8 31.736 11.062 Ac¢rn¢d inconie Piepdyinenis 11.198 79.6?6 Pag¢21 onlLLlUCd...
C*iiL'ro l.iJiiil¢d tor the YLg1' EndL,d 3 I DL•c¢iiil)L'r 2n23 14. C"RF.DI-I"()11.S-. IlMI)UNI'% FAI.I.I%I-. IJUTr. [l-ll11 I)NE I'F.,IR 4.I16 4.96X 4.Xlll) |%1 )8? 59.()84 16. 4.L)(?Y 4 {)() 4,C)fiX ?_5 yi.,
CarLero Limtttd Notes to the Financial Statements cuntinued for tILe Year Ended 31 December 2023 17. mOVEmET IN FUIYDS Nei nioveTnent in fund5 Traiisfcr5 between lunds At 31.12.73 Ai 1.1.23 Unrestri¢tL.d funds GciiLial lund Designaicd fijnds 185.?50 140.126) 10,000 ?4.996 70,I?0 10,000 185.?50 130.1?61 ?4,996 180.1?0 Restricted funds ASTO Josei)h Raiik Re51ricicd Fuiid Police Critnc Commib.%lOrt Violencc 8?8 672 11.5001 31.736 828 181.282 124.996) 154,786 31,736 181 ?%? 31.736 1?4,996 188.0?? TOTAL FUNDS 366.5.1? 368.14? PaBe 23 cuntiiiued...
cati.ero l.iniitt.d t¢5 t(p thL' binanLidl StaiL'inL'nrs LOlJtiiiucd tor thi, I'LaJ' EndL.d 31 DeLen)ber 2112.1 Ml)I'I-. MI-, rri'l. IY FU14D%_ Lontinii(Il Mc?V¥111L'III expLiiiIL'II UnrestrictL.d futitl 3?1.73X RL'ilriLIL'd fuiiili ¥?¥ ¥?x AFIF SuldiLI' ThL C'li)Iliwoi-kil-.% FoundallOII 5.%011 474.115 144? _17l)I TOTAL TruDS 795.853 1794.?4_31 c0niparativL fur inuvL'IDl•JIt iii t'utLds NLI Ai Unre%tricti'd t'unds 177,71? 7,$38 185.?50 RL'siricti,d lunds ?0(1.17 TOTAI. FUNDS 17.45x1 -366.532
Catzero LiThited Tr4ViLS to the Financial Statemcnl$- continued for the Year Ended 31 December 2023 17. MOVEMEFIT IN FUNDS- contlniied Conip£ifaiTve ttei niovement In fiinds, iiicluded in the above are a5 follows.. Jncoiming R¥50ur¢¢s expended ovemeni Unre5trieted funds GeneTal fund 364,?89 1356,7511 7.538 Restricted fund5 Big l.Ollery Fiind Trusihuu5e Fouii(Jution 69,?10 30.000 1.456 5.9R7 30.000 169.?101 130.0001 11,4561 15.9871 130.0001 ASTO Eluinber Leartiing Consortiiim Hull VciLrans Hull CLLD Scuntliorpe CLLD ABF Svldiers TTibunt TnLSt Wynnc Griffiths Ariiied Forces Cov¢iianl Trusi Youth Future Fund Sllil TiaiiiiR8 Youth Developmuit Fund 31.518 23.500 5.000 1,000 35.875 27,032 6.000 123.5001 15.0001 I 1.0001 135.8751 127.63?) 16,0001 F11. Joseph Raiik Hesblewood Cliildreii's Trust Hyniers School LarsoiislSCMS ChildiLn in Nccd Yorkshire Wal¢T CRF PTO¥Tdinme Hiiddcrsticld Univcrsity Triaiiglc TNst TK Foundaiioii Fi5hniuiigets Ireslricl¢dl 665 ?.000 13.51)0 6.000 ?6,500 5.000 38.718 540 I 5.000 10.000 20.000 10,000 16651 12.0001 113,5001 16.0001 1?6.5001 15.0001 138,7181 15401 115.0001 110.0001 120.0001 110.0001 112.0691 14.2001 24 9961 ARCO New Be2con School Aligra RestTicied Fund 4.200 174 9961 54?.659 1567.6551 1?4.996 TOTAI, FuDs 906.948 1924.4061 117.4581 Page 2$ eoiiliiiued...
CArLero LliJiltL'd for thL' I'L'#i" Endi'd 31 Di'ccml)rr ZIIZ3 M()I'b.Ilb.N-I' IN I.-LINI)% cvntiDiiL.d NLI 177.71? 11? 4x81 i 0.0011 ?4.yL){I i o.ouo 177.71) 1)? 5tiiii RL%lrictid luiids ()71 ?116.?7¥
C*t2ero Limlted Yot¢s to thc FingntlAI Stxtcments continued for the Year Ended 31 December Z013 17. MOVEIMENT IN FUNDS- continued A curreiit year 12 montlis and prior year 12 monil)s combined nei moveiiieni in fuiids. incliided in tlie above ale as tollows-. Re50urce5 expended Movemeiit in funds resourccs Unrestricted funds Guiier81 fuiid Designatcd fund5 676.027 10,000 1708.615} 13?,5881 10,OIK) 686.027 1708.6151 12? 5881 Restricted fund$ Big LoltLry Fund 7?0,333 60.000 ?5.000 1?90.3i31 160.0001 125.0001 11.4561 15.9871 145.0001 1139.?271 Hdwerby Tnjbl ASTO 8?8 Hiiinbei. Learning Consortiuni Hull Veterans Hull CLLD Scuiitliorpe CLLD ARF Soldier5 Tribunc Tru51 Wynn¢ CJriffi¢hs Ariiied Forces Covenaiit Trust Youth Fuiurc Fund Sail Titining Youih Dcvelopmertt Fund Joseph Rank Hesslewood Childien's Trust Hynier5 School LarsonslSCMS Cliildrcii in Need Yoi'k511irc Water CRF Prograinni¢ Hud(lersfi¢ld UniveT5ity Triangle Trnsi TK Foundatioii Fishinoiigcrs Iresrricledl ARCO New Beacon School All[ Rcsincled Fwjd 5.987 45,000 139,?•7 31.518 53,000 153.0(JOI 15.0001 I 1.0001 136.7501 1?7.63?1 16.0001 11.4931 14.0001 113,5001 16.0001 15?,5001 15.0001 138.7181 15401 130.0001 I,ooo 36.750 27.632 6,000 672 4.0(M) 13,5(M) 6.000 52.500 5,000 38,718 540 30,0(K> 18.914 40.000 10,000 1?.069 4.200 140.0001 110.0001 11 ?.0691 14200) 126,4961 124.855) 145.540) 14,5001 12,0001 16,000} 15,8001 126,496} PC CMC 24.855 77.?8? 4,50 2.000 6.000 5.800 Police Crime Coinmission Violence Leaiming For Life Prince's Tiiist Triiiiry House The Cloihworkers Foundation 31,736 1.016,774 (1,010.0341 6,740 TOTAL FUNDS 1.702.801 11.718.649) 15.8481 Page 27
Cat£L'ro ljiniiltd NulL'S tu thL Flniin£ixl.StlllLmL'nfs- L1111.d for ihi, YL'ai' Endeil 31 DL'cenibei' 2023 Tr.l.Al-Tr.D PIIR'I-Y I)1,SC'I.()%L R Tr".. iy. TRU.%TLES 14IDF.MNI-rY INSURAYCE L.FGAL. STATV.S 01. I-HTr. CHARITY Pdb7L ?H
C¥tztro Limited Delailcd Statement of Financial Activities for the Year Ended 31 Decernber 2023 202? INCOMI E AND E.NDOWMENTS DDn¥ttons aijd legacle5 19.763 459.496 55.)33 603.331 Graiits for dclivery of programmls 479.?59 658,864 Other tradlng #ttivltles Cotporat¢ and otl)er InLotxie 1?2.634 Investment inttsine Deposit account iiiieresi 3 J83 454 Charitable activitie5 Loan Teleasc ?4.996 TotAI IncomIng resource5 795,853 906,948 EXPENDITURE Charitable aetivilie5 Off shoi'c sailing Vessel niaint¢nante PL'o8ramii)L delivery On sliore staff costs Off %11ts staff cosis Prv¥7tamnie suppori cosis Piy)gramnie delivery expenses 26,217 45.427 31 i.356 86,814 4.293 56.70? 66.534 40?.475 81.674 5.189 5,470 5.895 35,545 5.374 39.0?6 Deprrcialion of iangibl¢ assels Employer pension cost Insuraiice orrjce Jnarkciin¥ 16.3Y3 413 14.056 835 580.704 715,024 Support Eosis Indlrect costs Administrnlion wages Rent, rai¢ts, Wdi¢r attd re$¢ Insurance Liglil aiid heat Tel¥pl)one Post srationery and printing Iiiforniaiioii technology Carricd forward 16?.631 23.951 6,096 4.685 3,046 755 4,056 205.220 13?.731 ?1.399 7.031 3.597 3,433 7,306 176.724 This page does noi form pan of ttje staliiiory financial staleineii15 Pa¥¢ 29
CJt%L'ro Liijiiie DeliiilL'(l %iatL'm&nt vf TriiiaThii#l ALlivitlL' for thL, YL'ar EndL'd 31 DcL'ciiibcr Z023 17(1.7?4 1.67) ?4.1}()6 ?09.5 j9 Govt'rnJnLL' ¢lJ%ts 4.000 4.000 I'()lal rt%i)Ul'CL.% LXPL'iidLd 7l)4.?4 117.45%)