REGISTERED COMPANY NUMBER: 06777504 (England and Wales) REGISTERED CHARITY NLMBER: 1138124 Report of the Tru5tte5 and Financial Statements for the Year Ended 31 December 2024 for Catztro Limited Harris Lacey and Swain Chartered Aeeounthnts and Statuiory Auditors Suite I The Riverside Building Hessle East Yorkshire HU13 ODZ
Catztro Limited Contents of the Finanei*l.Statemenls for the Year Ettdcd 31 ember 2024 Page Report of the Trustees Report of the Independent Auditors 7 10 10 Statcfftent ol Flnancial Activities Balanee Sheet Cash Flow Stalement 13 Notei to the Cash Flow Stalcmi'nt Nute5 tu the Financial Sthtements 15 10 ?7 Detailed Statement of Financial Activities 2X (0 ?9
Catzero Limited Report of the Trustees for the Year Ended 31 December 2024 The Ite¢S who are also directors of the charity for the purposes of the Companies Aet 2006, present their report with the financial sthtrnients of the chariry for Ihe year ended 31 December ?0?4. The trustccs havc adopted Ihe provisions of Accouniing and Rcporting by Charilics: Staiemeni ol Recommended Prnctice applicable to charities preparing their accounts in accordance with the Financial Rcporiing Stsndard applicablc in the UK and Republic vf Ire1]d (FRS 102) leffeclive l January 2019). OBJEcfivES AND ACTMTIFS Objective5 and aims Catzero's rnission 15 to crcatc lasting change in Ihe lives of individuals and families through delivery of pcrsonaliscd developinent programmes. Working in communities wheie dcprivation and its impacts are entrencheth we support: * Young people not in employment. education or training. * Long-ierni uneniployed and economically inactive- Families approaching crisls point. lonc parents. care-leavers. Children and young pcoplc dcaling with the ongoing effects of advfflse childhood expenences. * Arnicd Scrvic¢ vclcrans and faniilics of Arnied Servic¢ p¢rs(Trthnel. Charltable Purpost nd Prineipal Activity People of all ages. often with coniplex underlying i&8ues. are supported overcome the barriers that prevent them froiii moving into education, cmploynient or training. Our disEinciiveness lies noi only in what we do, but how wc do it. Our exp¢rienced & dcdicated tcam builds tTUSt & confidence in indTviduals with programmes of s¢lt-analysis. dcvelopment and challenge. Tlie result is lasting personal cliangc. Our baekground From our bases in Hull and Grimsby. our dedICad icam - many who have been witli us since inception - lead a variety of different pro¢JramTnes for all ages. Launched in Decemlxr ?IM18 ro work with NEETS lyouno people not iii educatioii. employment or fraining). we have now exiended our reach to th¢ long-ierni unemploye(L older people wth specific nccds, scryicc vetrrans and 11 families. We look io continue tliis wot as we movc iiito 7024. our 16th year. Our work in sonie of the niost deprived aiid challenuing areas of East Yorkshire. Hull. North and North East Lincolnshire. supports people to overcome their own pcrsonal balcr5. using a combination of acadeniic training, Eeainwork and emotsonal and practical SUPFrf)rt. That support is long-tcrm too. as our 'progressions' team engages pamicipants over the months and years ahead: 'Once Catzero. Always Catzero,. is our ethos. Over the last 15 years, Catzero has provided intensive SUPFX)rt to over 4,1M)O individuals and supported over ?00 farnilie5. Many individuals have successfvily moved into sustainable employmcnL with others going into fiher trdining. complcling short lem] qualificaiions and l or into work expeneiice ]d short and loiig-tenii volunteering. Catzero also lielps willi i&8ues sucli as ttansition from primary to secondary scli(x)l. school atteiidance and GCSE exam preparation and atlcndaiicc and suptx)rts families io build positive lives wiihtn their communities. It is significant tIMt some of the largest privalc eiilerprises and charities locally and naiionally support die Iv0 we do. We also attract grdni_fundinu from leading oruanisalions thal Undetartd hoiv our bespoke pn)gramminu uiiique teambuilding and personal mentoring enoaoes individuals who arc willing to change. (hw progrdmme 'Sailin, expcricncc. using the 72tl Catzero Challenge yachL offers participanl5 an intense journey. Held towards the end of our fonnal progtammes. il pulls logether everything that is leamed buildin¥ coiifidcncc. teamwork and focus in an inlensc and challcnging envimnmenL There is nowhere to hide on these sails. which cali only be tsuly appreciated tf experienced. We have rigorous procedures and prcKesses in place to manage our obligations io health and safety. safe¥uarding and govemance. Page I
Cgtzero Limited Report of the Trnstees for the YLr EndL.d 31 December 2024 OILIF,cfivF.S AND ACTIVITIF.S Significant Activities 111 2024. Cdtzcro ran Icii programnics supportiiiiy 329 individvdlb. includinb. 118 new partlLIPcints {2023.. 1171 dLrob ei&Jhi individudl prugFraiiitnes and 189 rainily members il)roubh iwo Full Faniilies prvb¥ramme5 iii Gi'imsby and Hull. Additioiially. wc provided ongoing .%upwn lo ?? individuals undci our "Oiicc Cat£cro, Always Caizcro" proTlliSC. offcring, hclp wilh carccr progrc&sion addrcssing challcngcs. Participants. cngaged in motiV(Itional activitie5. eini)Ic)ydbilily bL'5.%ions, and IhL'fJiK'UiiL and cDn)ii)unily-building cxcrLise&. Fdmilics rL'LcivuJ one-iO-UiiL SUPPOrt. atlLndLd nLlwork i)liLIiii&s. and rL"liiliuiisliip-btsildingp dLlivilics. Sailing CLntral to our delivcry modcl is our 72-foot Challcngc yachc which is available to all progrJmmc partlLipanls Ihioug7h iaslLr 1[. day kii15, 01 Our Ird115fonndlivL gady Voydgc inligrai part of vur PLisonal dcvLlopmcnt approdLII. S%iJliiL¥ <i1sv Jrivrs il kry fuiidi(I1blll Ivul. willi LurpurdLV P4ifLnCPi ¢nygiiiiT iii an1-buIldIngY aciiviiies. and fuiidrai.5ing sails off¢red to individu411% travelliiig NOaY and thc Ncthcrlan(Ls. Full Fdinili¥5 Faniilies leam 10 tackle lifc'5 ch<illei)&Tes by ideiitifying tlie core issu&s, breaking tlieni into ManagiLble steps. and recognisiii¥ thc actio5 nccdcd to niovc forward. Ouicomos iiicludc Ibur arc not liniiicd lol-. ljiipi-oving s¥ht)ol aticJid4lilLL, CLih¢UiLLd IILdltli willbLlllSJ lUFJlJVltlllb yVWI¥ WvIll¥ Liilv itdiiiRllb. IILlI)in¥ il Itkinily mvvc salcly awdy Iruin ihL Le syslcm. prcvenlinL' youiig peopl¢ entering thc criininiil jUbiiLL syslcm. Corc Eniplo . J.abitsli Progran)nic This progyrainmL ufg¥L15 individuals who arc liirthcst from thc labour mark¢t and unablc io acceKN WO or trdining wiihoLII d higTlI ILVCI u1- supporl. P.irtiLipaiils SLLkiiiLi lu Mkl lilc Lhan&TLS will WO willi Caizcro Pcisoiidl DevL'IvpiiiLI)I %laff In ¢o-d¢sicyii n h¢.spokc probnLininc ofaclivilics cnablinb ihcm io= l. Addrcss pcrbonal lifL c11allcng and balCr5 to dcvcli4)nicnl' ? Muvc Jway Irom rA)VLrty towariL% Lconomic indcpLmdcn¢c and subtainJblc bmiploymcnt" 3. C.rcatL lastingT chaiigyL for IhLlllbelvL% diid Il)eir LOIIIIIIIILiiLie&. Vclcralls Our vcteran focused programm¢b provide lailorcd dcvelopTncnt ond support oddrcbsing mcnthllphysical hc(Ilth, wcllbcing., 5OLial dnd widLrlyiiigT ibSUL.4. building trust and ivntidcticc. crL'a(iiig [tIll¢ p¢1]ul ul)Jngic and aidiiigT thL irdl)silivii Io Livilian lifL. ParliLIp£inlS dLVLlup ncw rL.latioiiships. Lr¢atill&tr d PLLr i¥ruup IlLiwvrk ld Iiiaking Loiiiiiiunity ci)nneclions tliat help to provide SLlPPOrt beyoi)d active projeci delivery. Public bLnefit A.8 a cliarity workinLT jiiiensively witli individuals to move theni into employmen( educatioii. or voctstional training. tlie Trustccs arc satistied that CatZL'ro meets the public bcncfii requircnicnt a5 Sct out in charity law. Thc Ttu%lccs also LunsidLr thc guidanLC providcd by the Charity C()mmission (CC) and thc Charity Commission for Northern Ireld (CCN [} oil public b¥nclit. Pagc 2
C2tZero Limited Report of the Trns¢ees for the Year Ended 31 December 2024 STRATEGIC REPORT Achievement and perforniance Charitable activities During ?0?4, Catzcro delivered its progrdmmes to individuals and families in three of the four local authorities in thc Humber Region.. Hull, Easi Riding of YorkshiTC. and North East Lincolnshire. Throughoul mosi of the year, we einployed 16 fv11_time staff members and engaged approximately 60 voluntecrs to hclp deliver our charitable wod(. A significan( organisational change occurred in June ?024 wilh the appoinrmeni of Adrian Tallon as Chief Executive oiri¢er, following the retirement of Dave Bertholini one of thc charity'5 founding membcrs. The Board expresses i sincerc thanks to Dave for his leadership since the charitys inception. 2024 erfoTrn#llte Full Familic5 Our full faniilies programme engaged with 38 families across the region. benefitting 189 individuals. Many of these families r¢main in active support, with 33 families demonsLraiing signtficant progress against their actions plans, including increased school anendan¢e, imwoved hvalth and wellbeing, and stronger faTnily relationships. As an additional benefit Our delivery team have also delivered The Solihull Approach to enhance menial hcalih and wellbeing for both parents and children. The Full Families programmes are primarily funded by the Naiional Lottery Community Fund, with ihe Grimsby programtnc delivercd in partnepahip with Creating Positive opportuniti (CPOI. Corc Em abili Pro raflimc In ?n24, five cohorts ttK)k part in our traditional per%onal development progrdmmes. supporting a total of 67 individuals. Rereiition rdies refflained exccptionally kn"gh-close to l (K)/o-with over 65Q/o of participants progrcssing into a positive desiination. This success is aitributed 10 the combinatton of land_ba5cd delivcry (focusing on personal development: hedlih and wellbeing, and ejnployability skills) and our disiinctivc sailing experience. wl)ich builds confidence, teamworL and focus. Scafood Careers Pro nimes T1ce short scafwd clnployability progratnmes were delivered in partnership with Made Great in Grirn5by and witii support from the scafood seclor in North Easi Lincolnshi. These inieIisiv¢ three-day progrdmmes supported 24 individuals to build confidence and improve their job search and interview skills. ChildreD in Need - Holida AIAgned ivith our Full Families worL this programme engaged children aged 10-12 yearb from the laniilies we engage witl). This age range enables us to focus on the trdnsition ben¥een primary and secondary school, a key point of tension for children and faniilies. Nineteen children took part and bcncfiicd frorn buildiv)g and other activities during the school holidays which saw them develop friendships, de¢r¢ase anxieties, buTld confidcncc, with most increasing school attcndance a5 a result. Fifteen of the 19 ffw)rted feeling more empowered to make posilive life choiccs. reporting improved mental. physical. emotional wellbeing. and rep)rting wsitive self-belief, confidence and iesilience. Piivale counselling was also offered as part of this programme. Veterans The 2024 veterans programme included three land-b&sed rcsidentials (two in East Yorkshire and one in the Peak Disirici}. alongside an 8-day sailing voyage. Working in collabordtion with other support agencies. Caizero helped ex-servicc peTsonnel address challenges thai were hindering their transition inlo civilian life. Sailiii A core componenr of all our progrnmme4 sailing remains centrdl ts) delivering petsonal change. 111 2024, we delivered I l O sailing days-15 more than in 2023. We facilithted voyages ranging from 4-hour taster sails to 10-day residentials, involving 394 tndividuals. Page 3
C2tZero Limited Report of the Trn5tees for thi. Year Ended 31 December 2024 Tlijb ijlLludL 127 probirdll)n)L PdrtiLiPdnis {LhildrLn fd- niilic5). 267 school pupils rcprcsL'liidiiV¢S frvin IuLal bu.siiie&ges. Financial revieiv Finaniial p(bsition Thc financial p)sition of thc chariiy is di5closcd in the attached financial statemcnts.. Reserve& poliey Catzcro, along wilh all thc chty sector, is encourabved to have a robu5l rVC.5 policy thdt providcs all extcrnal agctlLICS. tund pivvidcr% and thc orgaiiisaiivn iLseif. Lonfid¥nLL ITI tIiL futurL dclivcry of 5ervic. This can only bc cvidLnLcd if ilic ILxtvLs arc sulTiciciil (o supwrf a Ioiibl tcrn) slrdi¢bry_ The Ttubtccs havc c.%tablishcd d rcs¢rvr5 poliry with thr loiig-trffli objccLive Lo build ld iiiikkKitJiii iii ILi1l Inuiith opcrdtingy CXPL'nditure cslimatcd dl £500,0(Kl. This would cover ftmding unLcrtaintics and unexi)ectcd or plannLxI additional cxpLiidi(urc iii ordLr to ensui'L thal tIIL Cliltrity is ablL lo InLct commi1Inenib diid iv Loiiliiiuc a5 ¢1 concern. Tlic currciit policy is to thcrefore. reach a reserve fund in excess tsf £5(K).QOO within a 3 year period li) 211211. In addition to a 'general reservc,. it IS thc inicntivn to build a 'capital rcplacement rLscrvc' thai will bc uscd as d mcanf to prvvidL lor mttjor rLpuir& und uniXPiCt¥d capital cost lor ih¥ 0ratIt)b. VLsscI CatZLro would iiol cxiil it. Illi UiLI4UL namre of tl?e pi0(wrammes do not involvc the opportunilies that this v&&sel provides. Tlie curreiil levcl of frce reserves are £?77.157. Thc Chariry reali.qe the ctIll fTnancial figurcs do not ni¢YE thcir.statLd rcseTh&s policy. Thc TtuslLcti arL aLIivLly divLibityiiig ili¥ir s¢rvicLb W thJl iliey arL Icbs rcliat]l on granl iii¢omL aiiil inLIl111L IIIL ainuunt ofLorporale inlunie sv they have li Inorc cven baldnce or runding. FIX assets TIIL TnislLLs arL iiifvniiLd that dic 017 nkirkcL valuc ol- LdLZ¥'ro. ils CIMllingiL 72 y(h[ is arouiid 14?0.O(K). wliiLII is bove iLg net book vttlue in rhe F inJncial StatenienLs. Tlii% ydLhi proviJc.% the uniquc opwrtunily to dclivcr .signitlLant expcricnLcs to our partlLipantS WCII cNblii)g rundraisinb. Ilirviib.h LomtnLrcial lIs. Our future Tlic CEO &iid Magement Tvam . aclively btrcnbrfheiiinb links wiLh PalerS r¥bvioi]ally aiid nalionally. illLludin&' piiblic and private secior ndC[S aiid supwrters. alono with strdteoic collaboraloT5. Tlic re.trUCturE11g of the Ilumher RLgioii, polilically, with ihc intr(Ktuction of two neNN. Mayoral Authorilith. will reshapc thc policy and tiiiiding landscapc. CJtZcro will proactively engab?c with trM)ih MayoT% to %upport ihcir Piirticularly around 4kill% and Lniploymcnt. Our ambition is io esiablish and sustain Pcrsonal r)evelopment and Full F2111ilies pro&Jrainmes iii all four Huiiiber Incal authoritie% We will coniinue to scck partncrships and to supwirt this work. We have buili a subslantial Ixidy i)f evidLiice tha( demonbrl'alL ix)Ih ihc ILv¢I of nLcd Iduc iu cntrcnchcd dcprivation) and the profound iinpact of our Intcivenlions. DurinL 2Q24. Ihe Twslees and mantigwemenl underiwk d refresh of Ihe chariiy's Slrdie¥ic direction. arid liave idciitificd thc followiiig SLvcn kLy strateLJic iniLiaiivcs as I111) Ihc prionty arcas for tlic cnmiiibtr Ihrec-ycar riod. I. DcvLlop & maintain diversc fundin&F rclalion.%hip5 ihat cnablc rcsilicnt. suslainablc & growing r¢scrvcs. 2. EvidLIILL & cvalutitL tIIL IIIIPaLt of CdiZLro iJidividual% ¥ommuiiitiCb. 3. DLVLlop & delivcr plaLL-baseil proLifaiiiiiiLS fL'ILV¢iftl lu ihc IgL"l audicncc iii LaLh LoL'al authurily in iliL Huinbcr. 4. Acliieve niaximum utilisatioii and inipacl of our F£ople. yaclit and facilities. 5. 1.ed(I, &Fovem. %iLSldin and dcvclop & high perforniing IaM of employecs. trustee5 and voluntccrs who Me1 CJtZero vJluc%. 6. LLvLfd&i¢ thL unique Catzeru brand olTLf- &FCllLrale dcmdiid aiid POSiLiVL 4W(Kiiilioi) LhiuuLFh ctrLLLivc nidrkLlink & comiiiunicaiions 7. Plac¢ thc yacht dt thL heart of who we arL' and whdt wc do. Our OiiLWOiligY iIiiP4iLI and progrcss will bL' %hdred via ()ur WLix%ilc- www_cai/.Lro.org'
Catzero Limited Report of the Trustees for the Year Ended 31 December 2024 STRUCTURE, GOVERNANCE AIYD MANAGEMENT Governing document T]ic charity IS controllcd by ils goveming document. a deed of trnsL and coi]stitutes a limited conipany. liinited by ¥uardntee. as defined by the Companies Act 2006. Recruithient and appointment of neiv trustees Trusiees have id¢nTifi¢d a key sei of skills and experience requircd in ordcr 10 suppon dcv¢lupiTL¥lli iuid Lvlltiiiurd success of the organisation including Leadership, manaoemenL financial. health and straiegic skills, witli Trustees considercd and appoinled based upon experience and knowledge which would bc bcncficial to the organisation. Trnstees oversee. throuuli regular mectil1v. Ihc key elcinents of the cliarity includinu financial moiiiloriiig. liealih and safety reviews, budget allocation and cash flow foreea5ting. VIeW of policies and procedures alongside inteOgating the projec( outromes and milesiones in line with funding obJcctiVCS. Risk management Tlie ¥rustees idLlltify aiid rcvicw thc ti5ks to which the charity is exp)scd and io cnsure appropriatc controls arc in place to provide reasonable assurnnce against fraud and aTOr. REFERENCE A'D ADMII%ISTRATIVE DETAILS Registered Company number 06777504 (England and Wales) Registered Charity number 1138124 Registered office 2b Humbcr Strcel Hull East Yorkshire IIUI ITG Trustees Mrs D J Oxley OBE, DL - Chair of TrStee5 and Chair of Health and Safety Committee Nfr C kndrew MA, BA(Hons), Cmgr FCMI. CIMA Dip - Chair of ihe Remunerntioii Coinmittee Mr J M Sharpley FCA - Chair of the Audit Cotnmittee DrHEGRoyd Mr S J Smiih - Depury Chair of Tnle¢S and Chair of the Blne&s Developmeni Commiitee Miss J M Hearon Q.P.M. (resigned 1.7.?4) (appointed 9.4.25) Mrs J Bowes {appoinied 8.2.24) Ms J Hewson {appoirL*d 2.7.24) Ms A R Budworth lappoilltrd 9.4.?5) Company Secretary Mrs C M Bradley-Taylor Auditor5 Harris Lacey and Swain Chartered Accountants and Statutory Auditors Suite I Thc Riverside Building Hessle East YoTkshire HU13 ODZ Page 5
Cai7xro Limited Report of the Trustees for thc Ycar Endi.d 31 Deccrnber 2024 REFF.RF.iYCF. At)MIt%lSTRATIVE DF.TAILS Chief Eyecvlivt Officer Adridii Tallork Key Management Clare BradlLy-Taylur Daiiiiy Wdistsn Pete TiLil7e Sarah Coulbon AILX Fullcr {appoinred 17.06.25) TRUSTEES, RESPONSIBII.ITY STATEMENT Thc Tru%iccs (who are also Ihe Dircciors ot- Catzcru tor Ihe purpusc5 uf company law) are rcspon51blc tor pr¢pw'in&F thc Report of ttiL TrutitCLS diid Ilie lindllclal slaicincnls in dCLordaiicL Wlth applILthlc law ld Uiiiled KiiiL'doin ALLvuiiliiig Siandard% Iunilcd Kingdom Generally Acccpt Accounting Praciice)_ Compally law rcquircs th¢ trn%tc¢s io prL'paic financial skn(cmcnL% toi cach financial yr which give a truc and fair view ut. Ilic sldlc ot aft-.iirs of Il)C Lh1[abIL CoinpY diid vl- IhL iIiLomiiiLT r&suurc¢s aiid dppliLalioii uf. rLsoufccs. illLludiiib' Llir IJlLIPITif diiid eX{TIdI1ur. of ilic cliari(able coinpany for ihai period. In pi'epariiigtr iliose f5naiicial siatemeiil.%, Ilie TnL8lCCS arc rcquired Lo.. SLILXt suiliiblL dLLuuiiliiib' puliLILS dnd LhLn apply ilicm cunsisienily. ubserve ilic niciliods diid priiiLiples in Ihc L'liarily SORP. makc judbJ¢mcnLg and c51imatC5 that arc re&sonabl¢ Jnd pnidciit- and Pi'CP411f thi Iin4Lnci(Il thc goiii8 COIILLI"ii uiiliib i( ib LTliipprui?riiliL iu pfc%uTnC thai ihc charitabl¢ Lvnipany will cuntinuL in bU%lnL. Thc Tnistcis ai"e responsible for kccpinb proper accoun(ing r¢coids wliicli disclo.%¥ witli r¢asonable accuracy ai any lime thc tinancial position ol- IhL chw"itdblc company ai)d io enablL" thcm to cnsurL thilt thc fiiidncial stdtcineiits cnmply with tlic ConipdlllL.% ALt ?006. Tlicy arc alsu rcspontsiblc for NJlcguardingi tlic etS ol. IIIL LliarilablL compJny an(1 IiciiLL fui. tttkit)bp rLy(mUbIl Sl¥ps Ivr ihL pfL YLiilion dLlrilion vrrriiud iuid oili¥i" ii"ILbvultU itILS. In so lai as ihc Trustecs Jre aware: ilicrc ib Iiu rclevanl audii Infvrmdliuii ofwliiLh ihe cl]lIable cvtnp1Y's audilors drL' ulidwc. ld tlie Tnistee,% have Likci) all stcps that they oubtrht io have taken to niake tl)em%clvcs aware of any relevani audit infomiaiioii and tts cstabli5h that the auditors arc awarc of that ii)fom)ation. ALDITORS ThL audiiors. Harris Lacey and Swain. will be proSed for r¢-aPPOiI?tmcnt at thc ?0?5 Annual Cjcncrdl Mcctiiig,. R¢port ol- Il)L trust'L.%. inLorporaling a stralibTiL rctM)rt. approvLd by ordcr ot. Ihc board ot- iwslLX'S. IhL coillpdlly direLtvrs. oli -.16 and sibyned on 117e boltrd'b beliaifby.. Mrs D J Oxlcy OBE, DL- rustcc P4Lg¢ 6
Report of ihe Independent Auditors lo the Members of Catzero Limi¢ed Opinion Wc hayc audited the financial statcmcnts of Caer0 Liniited (the 'ch1[able compann for the year cnded 31 Deceinbei 2024 which coinprise die Siatemenl of Financial Activiiies. die Balancc Shccl. Cash Flow Siatemeiit and notes lo tlie financial sEaiements, including a Summary of significant accounting w)licies. The financial retK)rting framework thai h&8 bccn applied in their preparation is applicable law and United Kingdoni Accounring S(andards (Uniied Kingdom Generdlly Accepted Accounting Practice). In our opinion the financial statements= givc a tru¢ and fair viciv of thc statc of thc charitsblc COTnpany's affairs as at 31 December ?0?4 ond of its incoming resources and application of resources, including its income and expenditurc. for the year then ended. have bcen ptoperly prepared in accordance with United Kingdom G¢nerdlly Acccpted Accounting Prdcti¢e' and have been prepared in accordance with the requirements of the Companies Act ?(. Basi5 for opinion Wc conducknl our audit in accordance with IntentIonal Stsndar(ts on Auditing {UK) (ISAS (UK)} and applicable law. Our SponsIbl11t]es under those standards are fiher de5Ctibed in the Auditors, respoiis11 )ilities for the audit of the financial srntements section of our rcport. We are indcpendent of Ihe chanble company in accordance with the ethical requireinents that are relevant to our audit of the financial ststem¢nts in the UK: including ihc FRC'S Ethical Standar and we have fulfillcd our other ethical resw)nsibilities in accordance with these requiremcnts. We believe that the audit evidence we have obtained is suificient and appropriate to provide a basis for our opinion. Conclu510115 relating to going coneern In auditing the financial sratements. we have ¢on¢luded tliat the trustees. use of the going concern basis of a¢¢ouniing in the preparation of the financial statements is appropriate. Bascd on the work we have performed. wc havc not ideniified any malcrial unccrtsinties relatiiig to events or condilionb that. individiJAlly nr cnllectively. may cL%i sitrnificant doubt on the eharitable company's ability to continue as a going concern for a period of at le&s1 Thvclve moi)Ihs from when the financial stsietnents are authorised for issue. Our reswinsibilitics and the responsibilities of the trustCC5 With tespect to going conccrn arc described in d)e relevant sections of iliis reporL Other information The trustees are tespunsible for the other infonnalion. The other infonnation comprises the infonnation included in ihc Aiiiiual Repotl oil)er dian tlie financial ststements and our Report of the Iiidependent Audiiors thereon. opinion on the financial statements doc5 not cover the other urfonnation and except to the extent othcnvise explicitly slated in our report. we do not expre&s at]y form of assurance conclusion dieieon. In conne¢tion with our audit of the financial statements. our responsibility is 10 rcad the other iiiforniation aiid, in doing so. consider whethcr the other infom)ation is materially inconsistent with the ftnancial statements or our knowledge obtained in tl)e audit or oihetwisc appe2rs io matcrially misstated. If we Ideiitify such material Inconsistencies or apparent material mi&statemcnlS. we are required io delerniine vthether this gives rise to a rna21 misstafenieni in Ihe financial 5tatenients themselves. If, based on the WOTk we havc perforTne& we ¢on¢lude that thcTC is a material misstatement ot.this other inforn]ation, we arc rcquiTcd to report that fact. We have nothing to r¢port in this regard. Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on thc work undenaken in the cOut of thc audii" Ihc inforniation (Jiven in thc Rcport of the Tn]slees for the fthancial Ye for which the financial stht¢ni¢nls are prepared is consistent widi the financial SteMents. and the Rcport of ihe TnL8tees has been prepared in accordance with applicablc legal requirements. Page 7
Report of the Andependent Auditors to the membe of Caizero Linjited Matters on which we are required to report by eicep¢ion In thc li&trhi ol- thl knowlLl¥y¢ undcr5tdndin£ ot ihc ihai'itJblL coinpany and ILS cnvironmcnt ubtaincd in the COUPJC Ut. Ihc <iudit, wc h(IVL Jivt idLlllifiL(J tna(Ll'ial MissILlne1]iS in thi RLPI)tl ofthL TNsIccs. Wc havL nothiiiLF to rcport in rcspeet of the following mattcrs where thc Companics Act 2(X)6 rcquI% us to report to you it-. in our opinion= adLqUalL' accounlitkgw CordS. hdve nol IKien kLpt or retums adcquatc lor our audii have iiui bLL'n rcccived Irom branLhes not visilcd by $. or the finai)cial 5tatcnicnis arc not in abjrccmciir with (hc accnuniing rccorf% and rctUrnS' OT CLrtJin disclv%urcs ol'tW5tCC5' remunctation &'¢it7Cd by law arc not madc- or we liavL' nol rcccived all thL inlonnaliun aiid cxplanaLions wc rcquire tur our audit. Responsibilities of trustees As cxplainLd mor¥ lully in tIiL Trustc¢,s' Rcsponsibililics StdtemcnL thc trustccs Iwl)o arc dl%0 thc dirLLloTh ot IliL Lharitdble L0mptY fur thi purp)SC5 of Lvlllvf1iY IdW} rcsponsiblL" for diL prcparalioii ol" tIIL tIi)tincial sLalLmei)1s aiid for beiii&i satisfied tliat they give a twe and fair view. aiid for such intemal control as tlie tru.stees delemiine is necc55ary to enablc tIiL prcpar<ion of lincial statcmenls. that are frec from maicrial Inissrdlcnicnt. wh¢dici' duL (o frdud or em)r. Iii prLparinb ihc fiiidllLidl sldtLIIILn15. Ihe trusiLLS arc rcsTX)iisible for IseSsI1]g IhL' charilable COmP£my'S abiliLy lu Continue a going conceni. disclosinb,. as applicahle. matters related to bioiii(w concern and usingi tlie b¥oiiig coI)ceni b1& of accountiiig ujilcys th¢ trustccs ¢i¢hrr iiitciid Iv li4uid4llL ihc charlbIL conipany or to ccasL opcrJiion5. OT havc nu rcali&tiL aliLTnativ¢ but tu do sv. Pag¢ S
Report of the Independent Auditors to the Members or Ca¢Zero Limited Our responsibilities for the audSt of the financial statements Our objectives are io obtain reasonable assurancc about wheiher the financial statemcrkts a5 a whole are free froni maieiial niisstaici)ient. wllether due to fraud or error, and lo issuc a Report of the Iiidependent Audilor5 tlial includes our opinion. Reasonable assurance is a hioh level of &ssurdnee. bul is not a guarantee that ali audit condueied iii accordance with ISAS {UKI will always detect a material Mi&5leMent whcn it exists. MissthLemei)ts can arise from fraud or error and are considered matcrial if, individually or in the aggrega(e, they could rc&80nably be expecied to influence the economic decibionb olubers Laken on the basis olthcsc fmancial srateni¢nts. 'I"he extent to which our procedurcs are capable of detrcttng irregularities. including fraud is derailed below.. We identify and esS the risks of material misstateKlleni of the fjnancial statemeiits. wheth¢r due to fraud or error, and tjien design and perform audit procedures responsive fo those ri5k5. iwJcludin¥ obtainin¥ audit evidence that 15 su1cleI and appropriate to provide a basis for our opinion. Identifying and ass¢ssing rKJtential risks rclated io irregulariiies In idciilifying and assessin¥ risks of malerial misststemcnt in respect of irregularities. iiicluding fraud and non40mpliance wilh laws and regulations. we considered thc following". Audil response io risks identified - the narurc of lh¥ industry and sector. control enviroKllncnt alld business Vrfonan¢c Including key drivers for direciors, remiineralion. boDu5 levels and perforniance tar¢yets - results of our enquiries of maiiagement and their own Identificlon and assessment of the risks of irregulatitTes" - any mattcrs we identified having obtained and revicwed thc companies, docwn¢ntahon of their policies and pn)cedures relatin¥ to.. identifying. evaluating and complying with laws and regulalions and whether they were aware of any insLinces of noncompliaiicc,. - detccting and rrsponding to thc risks of fraud and whether they hove knowledge of any actual. SIL5pected or t4lleged the iniemal controls established to mitigate risks of frdud or non-compliance with laws and regularions. the mariers discussed among thc audit cngagement trom including regarding how and wheTt fraud might occur in the financial SleMentS and any potential indicaiots of fraud. As a result of tliese procedures. we considered the optK)rtunities and incentives that may exist within the organisaiion for fi'aud and idcntified ihc greatest poiential for frdud in rclation to rcijenue deferrals. In common NN'ith all audits under ISAS IUK). we arc also required to perform specific procedur r¢Snd io Ihe risk of managerncnt oVeIde. We also obtained an undersianding of the legal and regulatory frameworks that the company operdies in. focusiiig o pi'ovisions of those laws and regulations that had a dircci cffcct oli thc detemiin&tion of maferial &mouiits and disclosures in the financial statcments. The key laivs and regulations we considercd in this coniexi included the UK Cornpanies Act. UK Corporate Governance Code and local lax legislatson. In addition. we considercd provisions of other 18ws and regulations that do not have a dtrect effect on the financial stalcment5 bul compliance with which may be fundamental io Ihe company's ability to opeTatr or 10 avoid a material penalty. Audit restKJnse to risks identified Our procedures lo resrK)nd to risks identified included tli¢ following: r¢viewin¥ tlie fii)ancial statcmeni disclosutes and testing 10 supporting documentation to assess compliance with provisions of relevant laws and re.(Julatioris described as having a direct effect on ilie financial starements; cnquirtng of management concerning actual and Potrntial liiigation and claims- - perfonning ana1[Cal pedureS to identify any nUal or unexpected relationships that may indicate risks of material misstalemeni due to fraud. reading minutes of meetings of those charged with governance obtained an understanding of provisions and held discssionS with management to understand the basis of recognition or non-recolIiOn of tax PTOVi5iOTJS' and Page 9
Report of the Independent Auditors to the Members of Cai£ern Limitcd in addrcs5iiig iliL' risk ol frdiid througli mandgcinenl vvctridc of coiilrols. ILstinbt tIiL Jpproprialcness of joum¢il LiilriLs and other adJuslmeiiL8" assessing whetlier the Judgenienls made in making accounliiig e.stima(es are iiidicative of a potLnli¢il bi. aiid cvalualing th¢ busine&s rntionalc of wiy sigiiificani Irwisactions that are unus1 or OU15idc thc nomial LOUTSC Ot. busin¢b%. We al.so commiiiiicaied relevant identified laws and rcgJulation.s and potential frnud ri.8k.s to all eiigagemeiit team mcnibcrs. and reniJined alcrt (o any iiidications of fraud or noncompli7¢¢ wtth laws aiid regulations througyhout thc audit. A liirtlier de.qcriplion of our re.spoi).gibilitie% for the audil of the financial statemeiits i.s located on Ilie Fiiiancial Reportiiig Council's websitc at www.trc.or&>.uklaudilor5rcsixiiisibilities. This dcscription tornis parr of our Rcport of tlie Independent Auditors. Uso of (iur repi)rt This rcpoit Is mdde solLIy io ihc charitable company's MCInbs. as a body. in accordancc w7th Chapt¢r 3 of Pall 16 of the Lumpwiics ALI 2006. Our audit work hJs bL'CJi undcrtakcn bo tha[ we mig.lil siatc lo Ilie charilable Loiiipdny's meinlK'rs iliusL nidLtL'rs WL arL' rcquircd lo sLaLL' to them in an audiLurs' rctK)rt and for no i)Ilicr purwsc. To tIiL fullebl exicn( pcrmitlcd by law. wc dn nnr acccpt or 3ksunie r¢.sw)nsibility lo anyonc oiliLr than tlie cliaiitablc conipaiiy aiid iliL charitublc company's mcinber% Ls J body. for our audit ivork. for Ihis report. or for thc opinion.% we havc fomied. Laui-a J DrLW {SLnior Statutory Auditor) ror dnd un bL"haifof Hcirris Laccy Swain Chartered AccoLintallL% aiid S(alUiOry Audilors Suitc Tlii Rivcrsidc Buildin HL&51L Eabl Yorksliire HU13 ODZ DJtc'. Pag¥ 10
Catzero Limited Statement of Financial Activities for the Year Ended 31 December 2024 20?4 Toial funds 2023 Total fid$ Unrestricted funds Restricted fun(Ls Notc5 IYCOME AND ENDOWMENTS FROM Doiiati011s and leoacies 193.045 475.045 668.090 479259 Other Trading aciiviiie5 Investmenl income 291.113 8.?52 ?91,113 8,252 313211 3,383 Total 49?,410 475.045 967.455 795.853 EXPEIITITTURE ON Charitable activities Charitable activities 452.105 450.(K16 90? 111 794243 NET INCOME Transfers betiveen funds Other recognised gain51(105se5) Gains on revalua(ion of fixed assets 40,305 56,732 ?5.039 156,7i2) 65.344 .610 17 250.670 ?50,670 Yet movement in funds 347.707 {31.693) 316.014 1.610 RECONCILIATION OF FUNDS Total funds brough( forward 180,120 188.022 368.142 366.532 TOTAL FU,YDS CARRIED FORWARD 527,827 156.3?9 684,156 368.142 The notes forni part of these financial staiements Pagell
C4tZero Limited Balance.Shee¢ 31 DccL'mber 2024 2024 Total funds 2023 To(al fwJ(ts UnrL'slriLILd ftinds RcslriLled fiin(Ls Notrs FIXED ASSETS Taiigible &sscts 12 419.680 419.680 198,351 CURRENT ASSETS rJLbivis Cash at b<1nk and in hand 13 41.R81 273.459 25.039 66.9211 4U4.749 79,626 298,427 315.340 156.329 471,669 378.053 CREDITORS Ai)iounLs talling du¢ wiihin one year 14 {1 S6.7751 {186.7751 (183282) NET CURRENT ASSETS 128,565 156.329 284.894 194,771 TOTAL A.SSETfi LESS CURRENT LIABILITIES 54¥.245 156.3?9 704,574 393.122 CREDITORS Aniounls f<illinLY duL aficr morc thali onL' YC 15 1?0.41R} 1211.418) (24,980) NET ASSETS 527,827 156.329 684.156 368.142 FUh'DS UiirLslriLtcd tuiid.s'. GciiLI-Jl ILiiid t)csigiiated f41nds Revaluation retsLrvc 17 277.157 170.120 10,1 250.670 5?7.827 180.120 Rcstricrcd frim(L% 156.329 188.022 TOTAL FUNDS 684.156 368,142 The financial stAlemenL were approved by tli¢ Board of Tru8iets and auilioriqed for -.lljl |io[.S................. and wcrc SIgnL 011 its bchalf by-. IS.sue on Mrs D J OxlLy O ILL Thc nolL% forn) part ofihcse fiiwlcial sidlL'mLnts P4igc 12
Catzero Limited Cash Flow Statement for the Year Ended 31 December 2024 20?4 2023 Notes Cash flows from operating activities Cash geiiernt¢d from operdtions Interest paid 107,182 (1.4751 107,594 (2.266) Net cash provided by operdting a1vilIeS 105,707 105,328 Cash flow5 frotN inve5tittg activities Purcl)ase of tangible [ed a&setS Interest received (3.075) 8.?52 (11.162) 3J83 Net cash provided byl{u5cd in) inv&sting activities 5.177 (7.779) Cash flows from financing aetiiities Loan rcpayments in year Loaii intcicst paid (4.0001 (562) (4.)} 281 Net cash used in financing activitics {4,56? ) (3.719) Change in e2sh gDd ¢Ash ¢quiv*lents in the rcporting period Cash cash eqvivalent5 2t the beginning of ihe reporting period 106.322 93.830 298,427 204.597 Cash and cash eqvivalent5 at the end of the reporting period 404,749 298.427 Thc noies fonn part of these fllwicial statcments Page 13
Catzero Limited otes to the Cash Flow.Statemibllt for the Ycar Ended 31 DL'ccmbL'r 2V24 RF.COP4CILIATION OF NET II%COME TO I%ET CASH FLOW FROM OPF.RATING ACflVITIF,S 2023 Ni't ineomL for thc reporting pcriod (as PLr the Statement of Fingnci21 Aclivitie5} Adjustments for: Deprcciaiion charg¥es Intcrcst rcccivcd Intci'e%t pdid Dccrei¢1(1nlfcl) in dLbior5 Increase in crediiors 65,344 1.610 32.416 IX.25?1 1,475 39,026 13,383) 2,266 (55.523) 123,598 3.493 Yet cash provided by operations 107.182 107.594 ANAI.YSIS OF CHANGF.S IN NF.T FUYDS C1h flow Ai31.1?24 Yet 14sh Cash ui bank Jiid in hand ?98.4?7 l 0(),3?2 404,749 ?9X.4?7 I n().3?2 404,749 Debt F)ebL% fallin&F due widiin l ycar D¢bts' fallingy du¢ after l ye8r (4.Y681 1?4.980) {4.96111 1?0,41%1 4.56? {29.9481 4.562 {25,31161 Total 268.479 110.884 379,363 Thc IiulLS part ot thcsL. tiiioiicial slemeLS Pagc 14
Catzero Limited otes to the Financial St2tement5 for the Year EDded 31 December 2024 ACCOUtYriNG POLICIES Basis of prepgring the financial statements The financial 5taiements of Ihe charitsble company. whicli is a public benefit enlity under FRS 102, have been pr¢pared in accordance with the Charilics SORP {FRS I O?) 'A¢¢owiiing and Reporting by Chaiiiies." Siaiement of Recommended Practice applicable to charilics prcparing their accounts in a¢cordance with the Financial ReporLiRg Standard applicablc in the UK and Rcpubli¥ uf (FRS 102) (r(fri(ivr l JiUiUd]y 2019),, Financial Reporting Standard 102 Thc FiT]ancial Rcportin¥ Standard applicable in thc UK and RepubliL of Ireland, and (he Companies Act ?(K)6. The financial slaiemenrs have been prepared under thc Iiisiorical cost convenlion. as m(Klified by the revaluation of certain &ssets. Income Inconie received for services provided is accounied for on an accnwls basis. Cash donaiioll5, gifts and legacies are included in full in the income and expcnditure account as they are rec¢iv¢d. Atly significani non-cash donations arc includcd in tlic income and expeiiditure account at thc trustccs, estima(e of their matet value when received. The value of voluntary help is not included ii) the accounts. GTrnls and other fvnding of a revenue nature are deferred a[ rclcascd to the income and expeiiditure account over the period ro whicl? they relate. Bank interesi is included in the income and eXtndItUre account on an accnjals basis. Expenditure Liabilities are recognised as expendiwre as soon as there is a legal or constructive obligaiion committing the charity to thal cxpcndinlre. il is probable that a transfer of econoniic bcncfits will be required in settleinent and thc atnouni of (he obligation can be me&sured reliably. Expcnditurc is accounied for on an accnwls basis and has been classified under headings that agregate all cost related io the category. Where cost5 caniiot be directly arrribuied to particular headings they have bcen allocatcd to activities on a basis conslstent with the usc of r¢sour¢es. Allocatinn gnd apptsrtinnmemt of costs All costs are allocatcd bctwccn the expendiiijre categories of the Statement of Financial Activities on the basi5 designed to reflect the use of the rcsourcc. Costs Iclaling io a particular activity are allocatcd direcrly, otliets are apportioned on an appropriate basis. Tangible fixed assets Depreciation is piovided at Ihe followin¥ annual rdtes in order to wriie off each asset over its estimated useful lifc. Vessel Fixlures and fitting5 Computer equipment Stsaighi lille over 20 years 2/& on reducing balance 330/o on cost It was deemed appropria to revalue the yacht CaQcro to ensure the Canying amount reportcd reflecicd the market value. Taxation The charity is exempt from Corporation tax on its charitable aciivities. Fund accountlng Unrestricted fill]ds cat] be ILsed ID accordance with the charilable objectives at thc discretion of the Inlees. Restricted fimds can only be used for particular restricted purposes within fhe objects of the charity. R¢strsCtion5 arise when specified by the donor or whcn funds are Taised for particular rcstricted Purposes. Page 15 conhnued...
Catzero Limited Notes to the Financial Stgtements- continued for the Year Endi 31 December 2024 ACCOUNTIYG POLICIF.S- continued Fund accounting Further explanation ofihe niiluTe and Purp ofeach fund is iiicluded iii the ii<rtes lo the filianL11I sialcinciils. Finneil instruments Fililia InsLrumLnls . cl4ibsifiLd Jiid acLuuiiled Ioi. aL¢ordiiig iu ihL substaJic¢ of Ihc LvnlrdLlual drrdllb¥Lnici)t. as financial &ets. fiiiancial liabilities or equity in.sltLimenis. Ali equity instrun)ent is any contact iliar evideiices a residual inlercst in thc uss¢ts of thc company afier dcduclinbb all of ils lidbilitics. Trddc L)tIiLr dLbiurs fLYOgiliiSLd inili¢illy al Iran¢11017 pricc Icss aUribuldblL Irans¢iLli011s costs. Tradc diid oiher credilor% are recognised initially at trailsaciion prsce plS attributable wdnsaction cosLs. Subsequeiit lo initial rccogynilioii thcy arc measured at Jniortised cosi 11)g thc cffcciivL Itl[{ illLiliod. Ic55 Impaimicni lobscs in thc Lasc of trddc dcbtors. Estimates and judtrcments E%iimaies JuduJLmcnL4 ar¢ continually cvalwied arc bdscd un historical cxpcricnce lind othcr tiiclors. iiicludiiig expcithiiuns ot futur¥ ¢VLnls 11)al bL.IIL'vLd io b¥ reasonablL uiidcr tl)c (irLunrtLS. Aliliuugh these esliiiiales are bascd on ihe rJireLlOTS' be.%1 knowlcdge uf Uir oiiiijui)L. cvcnts or acLi(Mis, aclual reqLtIIs uliiwnaiely diffcr from thcsc cstimates. The Dircc[a do not considcr thcrc to be any maierial estimaics aiid Judgcmcnts.. PL'n5il)n and other pts5t-rel1rcmL¢ bencfils The charitable company OPLralc.% a dcfincd contribution 5chemc. Coniribution% payablc lo Ihe charitablL Lompany's pcnsion SLhcmc arc Lliarvcd iv dii SiiilLiii¥iII ut-F"ii}n(Ial Aitivitlf5 tn thc pcriud to WI)11] Il)ey t'¥lJl¢. DOIYATIOYS AND I.F.GACIES' DO1110175 rLYeivcd ii) diL. findnLial ytrdr of£25.0) ld over. I11iludLs-. 2024 2023 Aiiiinymou.% ABF Soldhcrs Big Lottcry Fund Childrcii in NLLd r)rax Fishniongcrs Garfield W¢slon Hawcrby Trnst Hull Coini)IUlliLy Lcd L(K¥il DLryL"lupnicnl JF Brii?Iiall Charitable Tru.%1 PC.C C.RF Pro¥ruTnmc PoslLode LDtIcry Trusihous¥ FoiiiidAtion UKSPF £37.500 £?7.350 £195,666 £26.000 £51,550 £4n.(M)O £30.000 £25.OCA) £25.()01) £?9.500 Ll15,127 £26,000 £40. £30.000 £25.000 £27,938 £35,OOn £45,546 LIIK),O £30.0(M) L68,1 XO Pdbyc 16 conlinucd...
CatZ*ro Limited Notes to the Financial Statements- continued for the Year Ended 31 December 2024 OTHER TRADIIYG ACTIVITIES 2074 2023 Corporate and oiher income 291.113 313211 Ir4vESTIIIEIYT IIYCOME 2024 2023 Dcp05it accowii intrres( 3.383 CHARIT ABLE AcrtVlTIES COSTS Support osis (see note 6) Dirccl Costs Totals Charitsblc activities 68).712 218.399 902,111 SUPPORT COSTS Indirect cosls Govem8nce cos Totals Charitable activities 211,399 218.399 Support costs. included in Ihe above. are follow5: 20?4 Charitable activities 2023 Total activities Adrnini5trdlion wagc5 Rent, rates, water and refi Insurdnc¢ Lighi and heat Telephone Post stationery and printsng Infomialion iechnology Repairs and renewals Intercst payable and siniilar charges Auditors, remuncration 167,)15 ?2,734 6.910 2.995 3,055 856 4,030 ?,0?9 ,475 7,0 162.631 23.951 4,685 755 4,056 2.053 2266 218.399 213.539 Page 17 continu¢d...
Cgtzero Limited otes to the Fin¥nci¥l .St#¢emenls- continued for the Year Ended 31 DecembL'r 21124 OTHF.K 2023 Suppurt Cosls 2111.399 213.539 INTEREST PAYABLE AND SIMILAR EXPENSES NET INCOMEI{EXPENDITURE) NLI inLumcl(CXPLndilurc) ib &talcd dlTrcr chging1{LredilinIl 2024 2023 DcprLcialion- vwiicd 32.416 39.026 AUDITORS, REMUN'F.RATION 2024 2023 Fccs P%iyablc Iv the charity's auditots and Ehcir associatcs for the audit of th¢ Lhariiy s tinanLial biJicmciiLS 10. TRLSTF.ES' REMLNERATION AND BENEFITS Tl)ere wcre no tnislc¢.s' rcmuncrdlion or other benefiLs for the year eiided 31 r)ecrmbci 211?4 nor for dic year ci?dcd 31 Dcccnibei" ?0?3. Tru5tce5' eYpcn5es ThLr¢ wcrc no tnL%tL&S' LXses paid for thc ycar cndcd 31 DcLCm.r ?024 nor for thL year endcd 31 DLLLsnbLI" 2023. STAFF COSTS The &1<1ff Lusts for the yedr <ire as fvllows- 2094 2023 Gluss WaLIL5 Employers NIC cosLs Employets pcnsion Cts 523.700 51,1)19 11,059 490.076 42.574 11.021 586.67R 543.671 Thc aVLra¥L iiionthly nuinbL"r ofLrynployccs durin¥ thL year as follows-. 21124 2023 Maiiagcnicnl aiid adniiiii5trJtioii Sailing Prog7r]in7l dLIivcry li 16 16 Page 18 conlinuLd...
Catzero Limited Notes lo the Financial Statements- continued for the Year Ended 31 December 2024 STAFF COSTS- continued The nurnber of employees whosc cmployee benefits (excluding employer pension costs) exceeded £60.000 was: 2024 2023 £60,(K)1- £70.0(K) The Charity 15 5UPPOrted by approximately 61 unpaid volunteers. 12. TAI%GIBLE FIXED A&5ETS Fixwres and fittings ComputeT equipnient Vthsel Totals COST OR VALUATIO At l January 20?4 Additions Disposa]s Revaluaiions 6?4,878 5.0?8 33.88? 3,075 {11 ?88) 663,788 3,075 (11.288) (204,878) (204.878) At 31 December 20?4 420,000 5,028 25.669 450,697 DEPRECIATION At l January 20?4 Chargc for ycar Eliininalcd on disFx)sal Revaluation adjustments 437,J?? 26.976 1.810 26.305 4,796 {11 ?88) 465,437 3?.416 {11 ?88) {455,548) (455.548) At 31 December 2024 8.750 2.454 19,813 31,017 YET BOOK VALUE At 31 Decembcr 2024 411.250 2,574 5,856 419.680 At 31 December 2023 187,556 3218 7,577 198,351 If Ihc Vessel had not be¢n revalued they would havc been included at the following historical cosl: 2024 2023 Cost A%Rre%a* depreciation 540.631 (4?2 ?34) 540,631 {395,202) Value of vessel if not revalued 118,397 145.429 The boat was rcvalued by Susan Grant of Berthi)n Intcrnational as at l August 20?4 at the fair value of £420,000. This value is dccmcd reasonable by the Trnstees still ai thc year end. Page 19 continued...
CatZ*ro Limited
Yotes to the Financial Statemen15 - continued
for the Y¢gr Ended 31 D¢¢ember 21124
I)LB'foKs: Amou.1.5 Tr ALLIYG DL'F. WITHIN OIYF. YF.AR
?0?4
2023
TriidL dcbtors
VAT
Accrucd incomc
Prep
Catzkro Limited otes to the Fingnci91 St*tements- continued for the Year Ended 31 December 2024 15. CREDITORS: AMOUNTS FALLING DUE AFfER MORE THAN ONE YEAR ?0?4 2023 Other loans (sce note 16) 20,418 24.980 16. LOANS An analysis of the maturity of loans is given below: 2024 2023 Aniounts falling due within one year on demand.. Other loans 4,968 4,968 Amounts failing between one and yrJrs: Oiher loans- 1-2 years 4,968 4.968 Amounts failing due between two and five years: Oilier loans- 2-5 years 15.450 20.012 17. MOVEMENT IN FUNDS Nel movement in funds TraireTs bettveen fimds At 31.1?.24 Atl.l?4 Unrestricted funds General nd Designated funds Revaiua(ion reserve 170,120 iO,O(M) 40.305 66,732 {10,000) 277,157 250.670 250.670 180.120 290.975 56.732 527,827 Restricted funds ASTO Joseph Rank Restricied Fund Police Crime Commission Violence 828 67? 154,786 31.736 1828) 167? ) (23,496) {31.736) lJl,290 UKSPF 25.039 25,039 188.022 ?5.039 {56,7J2) 156.329 TOTAL FUNDS 368,14? 316.014 684.156 Page21 continued...
CtZero Limited otes to the Financial Statements - continued fvr th¢ Year EndLd 31 Deccmbcr 2U24 17. MOVF.MF.NT 1% FUYT)S- £i)ntinued Nct movLmcni in funds. included in thc abovc arc &s tollows.. Ii)coming resoutrcs Resources expcnded Gains and lossas Movenienl in funds Unrestricled fund5 Cleiicral fund RevJluation rcscrve 492.410 (45? 105) 40,3U5 250,670 25Q,670 492.410 1452.105) ?50.670 2).975 Restricttd funds Big. l.ottcry Fund Hull Aiid Eds1 Ridin¥ Community Tnl ASTO ABF Soldicrs Tribunc TnJs( JosL'plI Rlliik Hes.sl¢w(KJd Children's TnLSt Childrei) in Nccd TrianglL TnJ.%t FisliiiioiiLerb IrLitriLILd) PriiiLe's Trust Trinity I Ic)uA¢ plum.r Cjdtcway UKSPF 195,666 (195,666) (4.() (668 (?7,3501 (10.(M)O I (500) 11.IMIO) 1?6.0001 (i¥.0001 {?O.O(M)) 12.0(M) I (15.0001 12.(K)O I (43.141 } 151.5501 1?.0351 {4.8751 (20.648) (573) I5.0( I 668 ?7.350 10,oTh) 500 ?6.0 18,000 2U.(KK) 15.0 68.180 51.550 ?,11.35 4.875 ?0.64X 573 25.039 Mcal.q and Morc Roydl Marinc5 GoolL Windlanns MoiliLr HuiiibL'r Fleni.Ird SL2nley 475.045 {450,(K)61 25.039 TOT AL FifND. 967.455 Iw? 1111 ?50.670 116,014 Pagic 22 continucd...
Cat7xro Limited Not to the Financial Statements - Continued for the Year Ended 31 December 2024 17. MOVEMENT Iry FUNDS - eontinued Comparatives for movement in fuhds Net movcmcnt Trdnsfers beNeen fviid)" At 31.12.23 Ai 1.1.23 Unrestricted fund5 Gencral filnd Designated funds 185250 (40.126) l O.(K)O 24,996 170,120 10.000 185.250 (30,126) 24,996 180,120 Re5trlcted funds ASTO Joscpli Rank Restricted Fund Police Crime Commission Violen¢e 828 67? 154,786 31.736 672 I1,5} 31.736 18128? (24,996) 181.28? 31,736 (?4,996) 188,02? TOTAL FUNDS 366.532 1.610 368.142 Page 23 conhnued...
Catzero Limited Notes to the Financial Sta¢ement5 - continued for thL Year Ended 31 DecimbLr 2(b24 17. MOVF.MF.NT IN FLNI)S- £0ntiDued CoMp41r1v¢ nct movemcni in funds. InLludcd In thc above arc Js follows- Iiicomino r¢sources Resources expcnded MovcmenL iii fund Unrestricted funds CFcncial fi]iid DesignatLd fundt 311.738 10.( (351,864) 1411.1 ?6 } i o.ooo 321.738 (351.$64) {311.126 } Restricted funds Big Lultery Fund Trijstliousc Founduiiuii l.lawerby Trnst ASTO Flull vetCra Hull CLLD A14F Soldier% Amicd Forcc% Covcnani Trust Joscph Rank H¥sslLwwd ChildtL'n's Trusl Childreii iii Need 'l-riLliILJIL I n1 TK Found4ilion F islinioiibiLrs Ir¢striLLLdl RLsI1'iLIL Fui)d PC CMC Police CriniL Commis4ion Violencc LcJmiiiLI For Lite PriiiLc's Trus( Trinity I I0e Thc CloihworkLts Founddiion 151,1?3 30.OOU ?5.000 8?8 15.(K)O 27.938 29.5(M) 875 1.5 1151,123) (30.0(K) ) {25.000) 1128 115,(M)O) ?7 &)38) {?9.5110) 875} (x?8) {2.000) 126.000) 115,(N)O ) {2R.914) {20.0001 (1.5011) 1?4.11551 (45.546) (4.500) 12.OQti) 16.IMIII) 15.8CK> ) 672 26.1XM) 15.1)00 8.914 20.(XM) {1.5no) 4.X55 77.28? 4.5(Xl 2.0(M) 31.736 5.8(K) 474.115 (442.379) 31.736 TOTAL FUNDS 795.853 {794.243) 1,610 Pagc 24 continucd...
Catzero Limited Notes to the Financial StatemeDts- continued for the Ye4r Ended 31 December 2024 17. MOVEMENT IN FUYDS- continued A Cuent year 12 months and prior year 12 months combined position is as follows.. Net movement in n(L$ Transfers bctween )SJnds Ai 31.1?.24 At 1.1 ?3 Unrestrlcted funds General thnd Designaied fun& Revaluation resery¢ 185.?50 179 iO.(M)O 250.670 91,7?8 (10.(Mx) ) 277,157 250.670 185.250 260,849 81,7?8 527,827 Restricted funds ASTO Joseph Rank Resiri¢ted Fund Police Crini¢ Commission Violence UKSPF 828 672 (1.500} 31.736 25.039 18?8) 167? } (48,492) (31.736) 181282 131,290 25.039 181 ?82 56,775 181.728) 156,329 TOTAL FUNDS 366.53? 317,6?4 684.156 Page 25 continued..
Cgt7*ro Limited Notes to the Financial Statements - continued for thi, Ye2r Ended 31 Dteember 21124 17. MOVF.MF.tNT IIN FUNDS- continuL A cllent yL?r 12 months and prior year 12 mi)TLth.g tOTf]hined nct moveniLnt in tiin(Ls. tncludcd in the abovc arc as tollows- Incoming rcsources Resnurcc ¢xpcndcd Gain. and Movcnicnt Unre%trictcd funds GcnLral lund Desigynatcd tiind RLvaluaiivii resc 804.148 10.(M 1803.969) 179 10.000 250_670 250.670 814.148 1803.9691 250,670 260.849 Restricted funds Big Lottery Fund Hull and l.a%i Riding Community TTUSt Trusthousc Fuundation HawLtby TrusL ASTO Fliill Vclcrans Hull CLLD ABF Soldilrb Tribuiie TtUs1 Am)id FnrcL% Covcnani Trtl Joscph RJw)k HLssILWo ChildrLn's Trubl Chil(Ircft iii NLLXI 346.7x9 4,IM)O 30.0 ?5.0(Kl 1,496 15.(M)O ?7,938 56.5150 10.(K)O 875 ?.000 (146.7891 (4.(KKI I 130.(M)O) 125,000) 1668) 115.0001 {?7.9.3111 {56.850 > {10.000) 1875) {1.3?81 13.OLKI) {52.(M)O) (33.(KlO I {8.9141 (40,(M)O ) (1.5(M)) 124.855) (45,5461 14.5(X)) (4.01)0) {21.11110) (5,81)01 I2.0} (43.141) {51.5501 (?,0351 {4.875) (?0.64R ) 15731 (5.0(K) I 828 672 52.000 33.0 8,914 40.0(M) TK Foundaiion Fibhnionuycrn {r¢'striLted) RLslrictLd Fund PC CMC Poli¢L Crimc c.ommission Violence LrnIng Fur Litc PrincL s Trusl Tiiniry I louse The C'loihworkers Foundation Huinbcr Gulcway UKSPF ra% Mcals and More Royal Marines Goolc Wiiidlarms Moilier Hiiiiiber BLrnard Siinley 11.500) 24.855 77.?8? 4,5 31,736 21.(KKI 5,800 68.180 51,550 25.039 4.875 20.648 573 949.160 {X9?,3X5) 56,775 TUTAL FUNDS 1,763.30% (1.696.-3541 250.670 317,624 Pagc 26 continucd...
Catzero Limited Notes ¢0 the Financial Statements- continued for the Year EDdtd 3A December 2024 18. RELATED PARTY DISCLOSURES There were no related party transaclion5 tor ihc year ended 31 December 2024. 19. TRUSTEES 1Tr4DEMNITY INSURANCE The company h&5 Indcmniry Insurance for OtTicets and Trustccs of thc COTnPty. Th¥ ptuniuni Ivi di1& yr was included within the main insurance renewal price widi no breakdown (2023 - £1,067). 20. LEGAL STATLTS OF THE CHARITY The charity is a company limited by guarnntee and h&8 no share capital. Pagc ?7