St George’s Crypt (A company limited by guarantee) 

Registered Charity No. 1144474 Registered Company No. 07780402 

## **St George’s Crypt** 

**(A company limited by guarantee)** 

## **TRUSTEES’ REPORT AND FINANCIAL STATEMENTS** 

**for the year ended** 

**31 March 2023** 




St George’s Crypt (A company limited by guarantee) 

## **CHARITY INFORMATION** 

## **TRUSTEES AND DIRECTORS** 

The Trustees who served the company during the year were as follows: 

## **EX OFFICIO TRUSTEES** 

Revd Lizzy Woolf The Venerable Paul Ayers 

## **ELECTED TRUSTEES AND DIRECTORS** 

Dr Nick Bishop (Chair) Chris Burford Jonathan Chesterman Jane Cooper Ian Pickup Tracey Greig – Resigned 5[th] December 2022 Duncan Milwain – Resigned 5[th] December 2022 Alison Oldfield  – Resigned 18[th] December 2022 Rachel Arnold – Appointed 20[th] July 2022 Dr Helen Reid – Appointed 5[th] June 2023 Janet Swift – Appointed 5[th] June 2023 Revd Paul Maybury – Appointed 24[th] July 2023 

## **LEADERSHIP TEAM** 

Chris Fields (Chief Executive Officer) Jamie Wilson (Deputy Head of Care) Chris Mason (Head of Finance) Matthew Nice (Head of Infrastructure) Chris Wilson (Head of Client Services) Christine Lane (Head of Health and Well-Being) David Pilling (Head of Nurture) Andrew Omond (Head of Marketing) Helen Brownridge (Head of Income Generation, Appointed Deputy CEO 1[st] May 2023) Francis McAllister (Deputy Chief Executive) – Resigned 30[th] April 2022 Cheryl Harrington (Head of Fundraising) – Resigned 7[th] November 2022 Martin Patterson (Head of New Builds and Projects) – Resigned 13[th] June 2023 

**PRINCIPAL BANKERS LEGAL ADVISERS AUDITOR** HSBC Bank plc Lupton Fawcett LLP Azets Audit Services Limited 33 Park Row Yorkshire House 12 King Street East Parade 3 Wellington Place Leeds Leeds Leeds LS1 2HL LS1 5BD LS1 4AP 

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St George’s Crypt (A company limited by guarantee) 

## **CONTENTS** 

|Trustees’ Report and Strategic Report|4-15|
|---|---|
|Independent Auditor’s Report|16-19|
|Statement of Financial Activities|20|
|Balance Sheet|21|
|Statement of Cash Flows|22|
|Notes to the Financial Statements|23-42|



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St George’s Crypt (A company limited by guarantee) 

## **TRUSTEES’ REPORT** 

Year ended 31 March 2023 







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St George’s Crypt (A company limited by guarantee) 

**TRUSTEES’ REPORT** Year ended 31 March 2023 

The Charity is exceptionally grateful for its continued support allowing it to provide accommodation and support for so many people over the year, despite the tough economic environment. The £651k addition to funds recognised this year, came from multiple sources with £449k derived from a donated house, funds given to buy a house and legacies. 

This has led to free reserves giving 6 months of operational expense cover when removing fixed assets from General Reserves, utilised to deliver our services. 

Our ambitious plans and ongoing commitments to projects are planned so reserves do not rise above this 6 month figure over the coming years, with many projects funded directly from charitable giving. 

The charity is also pursuing the creation of a subsidiary entity to become a Registered Provider of Social Housing, which will be developed to increasing the housing stocks and standards of accommodation to be offered to the vulnerable people we work with daily. 

## **REFERENCE AND ADMINISTRATIVE INFORMATION** 

Registered office and operational address: 

St George’s Crypt Great George Street Leeds LS1 3BR 

Charity Registered in England and Wales Charity Registration No: 1144474 (England and Wales) Company Registration No: 07780402 

The charity information page forms part of this report. 

## **STRUCTURE, GOVERNANCE AND MANAGEMENT** 

The Trustees, who are also Directors for the purposes of company law, present their annual report together with the financial statements for the year ended 31 March 2023 which are also prepared to meet the requirements for a director’s report and accounts for Companies Act purposes. 

The financial statements have been prepared in accordance with Statement of Recommended Practice “Accounting and Reporting by Charities” and applicable Accounting Standards in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. 

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## St George’s Crypt (A company limited by guarantee) 

## **TRUSTEES’ REPORT** 

Year ended 31 March 2023 

## **GOVERNING DOCUMENT** 

St George’s Crypt is a company limited by guarantee governed by its Memorandum and Articles of Association dated 20 September 2011. It is registered as a charity with the Charity Commission in England and Wales and is a company limited by guarantee with the Registrar of Companies. The membership currently is confined to the Board of Trustees however there is provision for wider membership. 

## **MISSION STATEMENT** 

## **We are:** 

A faith-based charity operating multiple locations within the city of Leeds, working with the homeless and destitute to break the cycles these people find themselves constrained by. The charity runs specific projects for those with associated issues such as drug and alcohol addictions. 

## **We believe:** 

Through demonstrating a caring, practical faith approach, lives can be transformed regardless of people’s backgrounds and circumstances. 

## **We aim to:** 

- Meet the basic needs of everyone in a safe, non-judgemental and caring environment 

- Support people who are living on the streets into accommodation 

- Help people gain skills and confidence so that they can take an active role in their futures 

- Be good stewards of all that we receive in an open and transparent manner 

- Enable people to make positive choices in their lifestyles, moving towards employability and freedom from addiction 

- Contribute towards local and wider communities enriched by inclusion of everyone in those communities 

- Build on existing partnerships, and create new effective partnerships and projects across the city to offer tailored targeted solutions to issues being faced. 

## **We offer:** 

- 117 owned bed spaces, a further 57 managed bed spaces, 365 days a year. Of the owned bed spaces 15 have been leased to Beacon housing to provide commissioned services for Leeds City Council. 

- Care, compassion and hope 

- Provide a warm 2 course meal free of charge at lunchtimes 5 days a week 

- Immediate practical support in terms of getting fed, cleaned and clothed 

- Opportunities to gain skills, self-confidence and a sense of achievement 

- Places in which people can choose to change 

- A focus on health and wellbeing services to encourage client re-engagement 

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St George’s Crypt (A company limited by guarantee) 

**TRUSTEES’ REPORT** Year ended 31 March 2023 

## **PUBLIC BENEFIT STATEMENT** 

The Trustees are aware of and have complied with the duty in section 4 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission. The Trustees believe the mission statement satisfies the Charity Commission guidelines on public benefit. In monitoring and planning present and future activities, the Trustees are very mindful of the need to be inclusive in the practical interpretation of the mission statement. They regularly review the impact of the charity’s day to day activities in meeting the public benefit test. 

## **OBJECTIVES AND ACTIVITIES** 

In accordance with the Memorandum and Articles of Association, the key objectives are the: 

- Promotion of evangelism 

- Relief of poverty, hardship, sickness and distress among needy and destitute people. 

St George’s Crypt is inspired by prayer and provides professional standards of care and support within a framework of Christian faith and witness. We are very proud of our long tradition of speaking out on behalf of the most vulnerable adults within Leeds. The charity continues to engage with as many of the homelessness relevant debates as possible in order that St George’s Crypt is represented and that the views of our client group are heard. 

The Crypt operates from several locations across the city as detailed in the section, Strategic Report. 

## **TRUSTEES AND MANAGEMENT** 

## **Appointment of Trustees** 

As set out in the Articles of Association, the chair of Trustees is nominated by the Board annually. The Diocese of Leeds is represented by the Archdeacon of Leeds, who serves as an ex officio Trustee. The incumbent Rector of St George’s Church, Leeds also serves as an ex officio Trustee. 

Board members are appointed by the Board. The Board has an Appointments Committee which was set up so that they could identify and recruit new Trustees. 

## **Board Membership** 

The Board of Trustees, which can have up to 12 members, is responsible for the overall oversight of the Charity. The Board normally meets six times a year. There is a Standing Committee with members nominated by the Board. A Chief Executive Officer (CEO) is appointed by the Trustees to manage the day-to-day operations of the Charity together with the Leadership Team. To facilitate effective operations, the CEO has delegated authority, within terms agreed by trustees, for operational matters including finance, employment and development of strategy. The Leadership Team comprises the CEO and heads of key departments in the Crypt. 

## **Trustee induction and training** 

Potential Trustees are interviewed by an existing Trustee or Trustees, and their skill set is matched against the charity’s current needs. Once appointed, new Trustees undergo an induction process to brief them on their legal obligations under charity and company law, Charity Commission guidance on public benefit, informing them of the content of the Memorandum and Articles of Association, the committee 

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## St George’s Crypt (A company limited by guarantee) 

## **TRUSTEES’ REPORT** 

Year ended 31 March 2023 

and decision-making processes, the current strategic plan, the financial performance of the Charity and updating on current priorities and future plans. During the induction period, the new Trustee meets key employees and also visits the Crypt’s current projects and locations. All Trustees are encouraged to attend appropriate internal and external training events where these facilitate wider understanding of their role. 

## **Board Meetings** 

The Board met 6 times during the year (2022 – 6). 

## **Trustee Standing Committee** 

The Standing Committee was established to facilitate decision making between Board meetings. It continues to meet and considers matters between Board meetings and discusses matters to be placed on the agenda for the next Trustee meeting. The Standing Committee also reviews Board minutes prior to sign off by the Chair. 

## **Trustees’ measurement of success** 

The Trustees measure the success of the charity by ensuring that no one is turned away from the Crypt unless their movements are significantly restricted. A client’s movement can be restricted by a health & safety risk to staff and other clients, behavioural constraints and anything else considered to be a risk. The number of clients provided for is variable and dependent on many external factors. The Trustees are committed to supporting on site health and wellbeing opportunities from the Charity’s own funds, if required for all clients even if over and above contractual requirements. 

## **Related Parties and co-operation with other organisations** 

All Trustees are individually responsible for ensuring that their register of interests reflects current commitments and relationships. They are also reminded – along with members of the Leadership Team - to disclose on the register of interests all related party connections including members of their family. 

## **Key Management Personnel** 

The Trustees independently benchmark and review the pay and remuneration of Key Management Personnel in order to ensure that the pay and benefits are still competitive within the sector and local marketplace. 

## **Pastoral Work** 

Revd Roger Quick served as Crypt chaplain and Diocesan chaplain to the homeless until his retirement in November 2022. The position remained advertised and vacant through the rest of the financial year. However, in August 2023, the charity welcomed Andy Muckle to this position. 

## **STRATEGIC REPORT** 

The Trustees review strategy every five years in order to ensure that it remains appropriate and relevant and consistent with the charity’s objectives. The end of the previous five-year cycle coincided with the Covid pandemic, which caused a fundamental reassessment of strategy for the next five years. This reassessment has been completed and a new strategy is in place. 

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## St George’s Crypt (A company limited by guarantee) 

## **TRUSTEES’ REPORT** 

Year ended 31 March 2023 

In developing the new strategy the Charity has had to take into account new accommodation standards as required post Covid, with a reduction on dormitory style bed spaces. This has involved providing services at new properties provided by Leeds City Council, re-purposing existing properties owned by the Crypt, principally the Crypt itself, and considering how to add to the limited stock of suitable properties available in Leeds to meet the needs of the Crypt’s current and future clients. 

The Trustees are confident that the Crypt will remain at the heart of homelessness services in the City of Leeds as it has done for over 90 years. 

## **ACHIEVEMENTS AND PERFORMANCE (as detailed on the Snapshot of our Year).** 

## Introduction 

The year ended 31 March 2023 showed the strength of the Crypt as it has managed to grow both within and post Covid, to offer more bed spaces and strengthen its financial position. The voluntary income in the Statement of Financial Activities on page 20 includes income received both for recurring core services and also for the capital projects. 

The Crypt budgets to cover its core services from recurring income and regular fundraising without recourse to legacy income which, when received, is used either to further develop core services, and / or to fund major projects. The Crypt was very fortunate to receive legacies of £128,643. 

The Crypt enjoys the support of Leeds City Council with contracts in place for Overnight Centre, Regent Lodge and 3 further satellite leased premises. The partnership with Leeds City Council on all of these programmes remains very strong. Furthermore, with support from Leeds City Council, the charity has an additional contract with the Department for Levelling Up, Housing and Communities (DLUHC) to provide additional bed spaces within the city of Leeds. Links with Housing Options at Leeds are very important in creating good options for clients in moving on from the Crypt. 

## **Crisis Accommodation** 

During the past year, the Care Centre continued its core work of providing a range of services for homeless and disconnected people. There were a total of 40,150 (2022 – 25,105) bed spaces occupied during the year. 

The charity now operates 5 emergency accommodation residential facilities that principally focus on crisis accommodation for people in need of emergency accommodation. Clients are required to engage with officers from Leeds City Council in seeking suitable move on accommodation. These facilities are: 

- The Care centre (27 bed spaces) is situated in the Crypt underneath St George’s Church in the centre of Leeds and works in close partnership with Leeds City Council and also the local NHS hospital trust (in the case of the latter, through funding three of these beds for people discharged from hospital at risk of potential homelessness). 

- Kirkstall Lodge is situated in Kirkstall, Leeds and offers 9 individual supported units. 

- Kingston hotel is situated in Woodhouse, Leeds and offers room accommodation in a former hotel for up to 24 individuals. 

- Clarion is situated in Kirkstall, Leeds and offers 9 individual supported units. 

- Ashlar House is situated in Potternewton, Leeds and offers rooms for 15 individuals. 

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## St George’s Crypt (A company limited by guarantee) 

**TRUSTEES’ REPORT** Year ended 31 March 2023 

## **Regent Lodge** 

Regent Lodge is a supported housing project funded as a commissioned service by Leeds City Council to provide accommodation and support to residents with a history of heavy alcohol dependency. The scheme located in Hyde Park, Leeds affords 14 clients the opportunity of being accommodated within a safe and regulated environment and seeks to work with residents to begin to control their drinking. 

## **Don Robins House** 

Don Robins House is a purpose-built accommodation block of 24 supported flats located in New Wortley, Leeds providing move-on accommodation. The scheme comprises of  24 self-contained flats (18 one bed and 6 two bed), including six units which are adapted for disabled use and aimed at tenants who have demonstrated that they are ready to move from emergency accommodation, to greater levels of stability and independence in their lives. 

## **Meal Provision** 

Food donations have remained a vital part of support for the Crypt in the past years and we continued to receive a very generous supply of tins and packets of non-perishable food items. Partnerships with a range of high street supermarkets has proved very successful. We estimate 102,000kg (2022 – 89,997kg) of food has been prevented from going to landfill due to our partnerships. 

The charitable catering function served a total of 39,312 meals (2022 – 41,131). That represents a daily average of 108 meals (2022 – 112). This was provided via a walk in lunchtime hot food provision (5 days a week) and meals for residents at two of the contracted services. 

## **Health and Wellbeing** 

Activities are under regular review to ensure that the opportunities remain relevant, but tend to focus on health and wellbeing and recreational activities for our client groups. 

## **Growing Rooms** 

The successful Growing Rooms project led by a recovering addict, continues to be fully utilised with participants provided with a comprehensive recovery programme, which includes classroom based therapeutic group workshops, 1-2-1 sessions, and two days a week voluntary work often based in the Crypt. The training centre at our Conference Road site is a purpose-built setting to hold these meetings. We have four, four bed residential houses and a further 4 bed Flat purchased to support the Growing Rooms programme. There are additionally two flats which combined to allow for 22 clients. Additional flats are available as move-on accommodation above the Town Street Shop for 3 clients. 

A number of the clients have progressed from addiction to sobriety. After six months on the programme and upon the completion of the agreed milestones, the clients are encouraged to apply to be added to the bank staff rota for placement at the retail shops. 

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## St George’s Crypt (A company limited by guarantee) 

**TRUSTEES’ REPORT** Year ended 31 March 2023 

## **Retail shops** 

The Crypt continues to run three charity shops, located on Town Street, Armley; Church Lane, Pudsey; and Street Lane, Roundhay all within the Leeds district. Each shop is designed to serve the local community and promote the work of the Crypt and give volunteering opportunities. 

## **Fundraising** 

The Crypt has a separate in-house fundraising department with responsibility for developing and implementing fundraising strategy. 

The Crypt adopts the Code of Fundraising Practice and is regulated by the Fundraising Regulator. The main aspects of The Code as applied by the Crypt include the following:- 

- Approach to fundraising: The Trustees will not use a professional fundraiser or commercial participator to approach any prospective donors about supporting or giving money to St George’s Crypt. 

- Work of, any commercial participators or professional fundraisers: The Crypt does not work with any commercial participators or professional fundraisers. 

- Fundraising complaints: The Crypt has not received any complaints regarding its fundraising activities. 

- Protection of the public, including vulnerable people, from unreasonable intrusion on a person’s privacy, unreasonably persistent approaches or undue pressure to give: The Crypt does not ‘cold call’ members of the public on any fundraising campaigns. 

## **Grace Lodge (formerly known as Faith Lodge)** 

The Crypt retains the freehold to this property, but management has passed to Beacon housing to provide commissioned service for Leeds City Council. 

## **Partnerships** 

The Crypt continues to look to strengthen existing partnerships and to build new opportunities for joint working. Significant examples of our partnerships include Leeds City Council, Leeds Beckett University, NHS, Crypt Factor and the joint Big Sleep Out fundraising event with the Leeds Rhinos Foundation and St Gemma’s Hospice. 

## **Social media** 

The Board has continued to recognise that social media is a significant method of communicating present needs and topics to the wider world. Marketing activities therefore include social media (email, Facebook, LinkedIn and X (formerly Twitter)) leaflets and posters. If these activities are expanded in the future any additional marketing activities will be undertaken within the guidelines agreed and recommended by the Institute of Fundraising, the Fundraising Regulator and the Charity Commission. 

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## St George’s Crypt (A company limited by guarantee) 

## **TRUSTEES’ REPORT** 

Year ended 31 March 2023 

## **PRINCIPAL RISKS AND UNCERTAINTIES** 

The central risk registers are subject to annual review and managers are required to monitor specific departmental risks. The Board is satisfied that risk management is appropriate and that financial systems and controls are in place proportionate to the size of the charity and to the type of operations. The charity also prioritises health and safety, staff training and safeguarding. The charity has introduced systems to ensure that it is complying with GDPR regulations. 

During the year, principal risks and uncertainties were: 

- Continuing competition for charitable funding and pressures on public funding. 

- Continuing pressures from client group presenting with a wide range of challenging behaviours and issues. 

- Increasing number of clients in significant financial distress due to being sanctioned by the local authority and, 

- Increasing needs and numbers presenting pressures on the Crypt’s infrastructure. 

The charity has considered the following as areas of risk: 

- Future of local government funding. 

- Reduced donations. 

- Potential changes in legislation relating to employment and equality. 

- The impact of external factors such as the COVID-19 pandemic. 

## **PLANS FOR FUTURE PERIODS** 

The Trustees will consider options to carry out further developments to progress the Crypt’s key objectives. The Crypt will continue to work with Leeds City Council and partners to address the urgent needs of the homeless in Leeds. 

The Trustees will continue to keep the Crypt’s IT systems under review to ensure that the charity is fully up to date with hardware and software which ensures optimum performance and efficiency. Further development of HR systems in partnership with Breathing Space are ongoing. All HR systems and policies will continue to be reviewed and updated as necessary and the Crypt will strive, through the “Up and Up” process, to become a leading charity partner in HR best practice. 

The Crypt’s retail strategy remains a key part of our operations, and this strategy will continue to be under review to maximise revenue generation. 

The charity’s health and wellbeing agenda continues, with our partnerships with Vision Care for Homeless People, Dentaid and Leeds Beckett University for physiotherapy all being active. 

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## St George’s Crypt (A company limited by guarantee) 

**TRUSTEES’ REPORT** Year ended 31 March 2023 

## **FINANCIAL REVIEW** 

## **Summary** 

Overall, the charity has experienced a satisfactory year in view of the challenges it faced. 

Total income for the year was £4,529k compared to £3,825k in the previous year. The increase of £704k was mainly due to additional commissioned services and associated housing benefit payments in the year at £2,156k, compared with £1,506k in the previous year. Trading income also performed well with total income of £573k versus the prior year’s £419k. The crypt was also exceptionally fortunate to be gifted one house and given restricted funding to buy another during the year. 

Total expenditure for the year was £3,877k compared with £3,058k in the previous year. Costs were closely managed throughout the year but property related costs increased due to the increasing number of sites, associated utility costs and insure costs of these sites. Staff costs increased most significantly as the charity took on more projects, increasing the size of its workforce, and was keen to address the ‘cost of living’ crisis for its staff by giving inflation meeting payrises. 

As a result, net surplus was a creditable £651k, a reduction of £120k from the £771k in the previous year. 

Cash and cash equivalents increased by £437k in the year predominantly due to the increase in housing benefit income. 

## **The principal funding sources are as follows:** 

- Charitable donations 

- Supporting People grants 

- Housing benefit 

- Retail and trading income 

- Legacies 

## **- Pricing Policy Shops** 

The pricing policy in the shops broadly categorises donated goods received into the following categories, which then determines the sale price:- 

- Brand new donated items with original sales tags are priced at half its retail price. 

- Good as new donations are priced in accordance with local shop conditions. 

- Older well used donations are priced at a fraction of the original price. 

- Antiques are researched to establish right price guide for sale either in shops or eBay. 

- Stock that has not sold after two weeks will be reduced or moved to a sale rail or promotion area. 

- Donations not sold within a month are placed in a bargain bin prior to recycling. 

## **Food Donations** 

The Board believe it is not possible to place an accurate figure on the value of donated food to the Crypt. Their best estimate of the cost to provide a meal is 50p. Applying this estimate to the number of meals produced in the year of 39,312 (2022 – 41,131), an estimate of the value of food donations in the year is £19,656 (2022 - £20,566). The majority of food donations received would have previously gone to 

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## St George’s Crypt (A company limited by guarantee) 

## **TRUSTEES’ REPORT** 

Year ended 31 March 2023 

land fill sites etc. Considering that this value has been estimated, the Board do not wish to reflect this value in income and expenditure. 

## **Volunteers** 

The charity appreciates the input and contribution of volunteers who make an enormous contribution towards so many aspects of the Charity’s ongoing work. 

## **Reserves Policy** 

The Board have resolved that they seek to hold between a minimum of three and a maximum of six months’ running costs in free reserves at the end of any one month. Free reserves comprise assets that can readily be realised to fund the general activities of the Crypt less creditors associated with fixed assets less current liabilities. These reserves are held to bridge the gap between the spending and receiving of funds. At the end of the financial year, free reserves totalled £1,944k with average monthly expenditure of £323k giving Crypt reserves of 6 months. 

The Board is confident that the charity will continue to have sufficient resources to fulfil its day to day commitments and is aware that reserves are sometimes required to bridge the gap between expenditure commitments and receipt of income or to cover unplanned emergency repairs or capital purchases. 

The Trustees believe that the charity remains a going concern as it has a mixture of income streams including donations and local authority contracts for delivery of some housing support services. The Trustees have a finance update at each meeting which includes the current period’s management accounts pack detailing the year to date surplus/deficit versus budget, balance sheet, restricted funds income and expenditure, cash flow and variances to last year’s income and expenditure. 

## **Investment policy** 

Under the Memorandum and Articles of Association, the Board have the power to make such investments as they deem fit in accordance with charity policy.  The policy is to adopt a risk averse strategy based upon maximising income at minimal risk. The Board review their policy as part of regular scrutiny of practices. 

## **Auditor** 

The auditor, Azets Audit Services Limited, is deemed to be reappointed under section 487(2) of the Companies Act 2006. 

## **STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITOR** 

The trustees who were in office on the date of approval of these financial statements have confirmed, as far as they are aware, that there is no relevant audit information of which the auditor is unaware. Each of the Trustees have confirmed that they have taken all the steps that they ought to have taken as Trustees in order to make themselves aware of any relevant audit information and establish that it has been communicated to the auditor. 

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## St George’s Crypt (A company limited by guarantee) 

## **TRUSTEES’ REPORT** 

Year ended 31 March 2023 

## **STATEMENT OF TRUSTEES’ RESPONSIBILITIES** 

The trustees (who are also directors of St George’s Crypt for the purposes of company law) are responsible for preparing the Trustees’ Annual Report, Strategic 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 which give a true and fair view of the state of affairs of the charitable company and of the income and expenditure of the charitable company 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 in the Charities SORP; 

- make judgements and estimates that are reasonable and prudent; 

- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and 

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charitable Company will continue in business. 

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 

In approving the Trustees’ Report, the Trustees are also approving the Strategic Report therein in their capacity as company directors. 

By order of the board 

Dr N Bishop Chair of Trustees 

Date: 

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St George’s Crypt (A company limited by guarantee) 

## **INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF ST GEORGE’S CRYPT** 

## **Opinion** 

We have audited the financial statements of St George’s Crypt (the ‘charity’) for the year ended 31 March 2023 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (United Kingdom Generally Accepted Accounting Practice). 

In our opinion, the financial statements: 

- give a true and fair view of the state of the charity’s affairs as at 31 March 2023 and of its income and expenditure for the year then ended; 

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and 

- have been prepared in accordance with the requirements of the Companies Act 2006 and Charities Act 2011. 

## **Basis for opinion** 

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. 

## **Conclusions relating to going concern** 

In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. 

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. 

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. 

## **Other information** 

The trustees are responsible for the other information. The other information comprises the information included in the Trustees’ Report and Financial Statements, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information 

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St George’s Crypt (A company limited by guarantee) 

## **INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF ST GEORGE’S CRYPT** 

and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. 

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. 

We have nothing to report in this regard. 

## **Opinions on other matters prescribed by the Companies Act 2006** 

In our opinion, based on the work undertaken in the course of the audit: 

- the information given in the Trustees’ Report which includes the Strategic Report and the Directors’ Report prepared for the purposes of company law, for the financial year for which the financial statements are prepared is consistent with the financial statements; and 

- the Strategic Report and the Directors’ Report included within the Trustees’ Report has been prepared in accordance with applicable legal requirements. 

## **Matters on which we are required to report by exception** 

In light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors’ Report included within the Trustees’ Report. 

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: 

- adequate and proper accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or 

- the financial statements are not in agreement with the accounting records and returns; or 

- certain disclosures of trustees’ remuneration specified by law are not made; or 

- we have not received all the information and explanations we require for our audit. 

## **Responsibilities of Trustees** 

As explained more fully in the trustees’ responsibilities statement, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. 

In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the 

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St George’s Crypt (A company limited by guarantee) 

## **INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF ST GEORGE’S CRYPT** 

going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so. 

## **Auditor’s responsibilities for the audit of the financial statements** 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. 

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report. 

## **Extent to which the audit was considered capable of detecting irregularities, including fraud** 

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above and on the Financial Reporting Council’s website, to detect material misstatements in respect of irregularities, including fraud. 

We obtain and update our understanding of the entity, its activities, its control environment, and likely future developments, including in relation to the legal and regulatory framework applicable and how the entity is complying with that framework.  Based on this understanding, we identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion.  This includes consideration of the risk of acts by the entity that were contrary to applicable laws and regulations, including fraud. 

In response to the risk of irregularities and non-compliance with laws and regulations, including fraud, we designed procedures which included: 

- Enquiry of management and those charged with governance around actual and potential litigation and claims as well as actual, suspected and alleged fraud; 

- Reviewing minutes of meetings of those charged with governance; 

- Assessing the extent of compliance with the laws and regulations considered to have a direct material effect on the financial statements or the operations of the society through enquiry and inspection; 

- Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations; 

- Performing audit work over the risk of management bias and override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business 

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St George’s Crypt (A company limited by guarantee) 

## **INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF ST GEORGE’S CRYPT** 

rationale of significant transactions outside the normal course of business and reviewing accounting estimates for indicators of potential bias; and 

- Performing audit work over the timing and recognition of income and in particular whether it has been recorded in the correct accounting period. 

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation.  This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance.  The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. 

## **Use of the audit report** 

This report is made solely to the Charitable Company’s members as a body in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Charitable Company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the Charitable Company’s members as a body for our audit work, for this report, or for the opinions we have formed. 

## Signed: 

Jessica Lawrence Date: Senior Statutory Auditor 12 King Street for and on behalf of Azets Audit Services Limited Leeds LS1 2HL 

Chartered Accountants Statutory Auditor 

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## St George’s Crypt (A company limited by guarantee) 

## STATEMENT OF FINANCIAL ACTIVITIES 

(INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT) for the year ended 31 March 2023 

|Notes<br>INCOME<br>Donations and legacies<br>1<br>Other Trading Activities<br>2<br>Investments<br>3<br>Charitable activities<br>4<br>TOTAL INCOME<br>EXPENDITURE ON<br>Raising funds<br>5<br>Charitable activities<br>6<br>TOTAL EXPENDITURE<br>Net income before recognised gains/(losses)<br>Unrealised gain/(loss) on investments<br>13<br>Realised gain on sale of fixed asset<br>NET INCOME<br>Transfer between funds<br>19<br>NET MOVEMENT IN FUNDS<br>Total funds brought forward<br>TOTAL FUNDS CARRIED FORWARD<br>18|Unrestricted<br>funds<br>£<br>994,577<br>572,901<br>11,786<br>2,287,262<br>3,866,526<br>340,399<br>3,042,667<br>3,383,066<br>483,460<br>(1,356)<br>-<br>482,104<br>-<br>482,104<br>8,194,979<br>8,677,083|Restricted<br>funds<br>£<br>662,810<br>-<br>-<br>-<br>662,810<br>-<br>493,705<br>493,705<br>169,105<br>-<br>-<br>169,105<br>-<br>169,105<br>175,205<br>344,310|Total funds<br>2023<br>£<br>1,657,387<br>572,901<br>11,786<br>2,287,262<br>4,529,336<br>340,399<br>3,536,372<br>3,876,771<br>652,565<br>(1,356)<br>-<br>651,209<br>-<br>651,209<br>8,370,184<br>9,021,393|Total funds 2022<br>£<br>1,783,456<br>419,248<br>308<br>1,622,405|
|---|---|---|---|---|
|||||3,825,417|
|||||462,681<br>2,595,052|
|||||3,057,733<br>767,684|
|||||2,354<br>600|
|||||770,638<br>-|
|||||770,638<br>7,599,546<br>8,370,184|



The Statement of Financial Activities includes all gains and losses in the year. All income and expenditure derive from continuing activities. 

A fully detailed statement of financial activities for the year ended 31 March 2022 is shown in note 24 of the financial statements. 

The Statement of Financial Activities also complies with the requirements for an income and expenditure account under the Companies Act 2006. 

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## St George’s Crypt (A company limited by guarantee) 

BALANCE SHEET As at 31 March 2023 

Registered Company No. 07780402 

|Notes<br>FIXED ASSETS<br>Tangible assets<br>12<br>Investments<br>13<br>CURRENT ASSETS<br>Debtors<br>14<br>Cash at bank and in hand<br>CREDITORS: Amounts falling due within one year<br>15<br>NET CURRENT ASSETS<br>TOTAL ASSETS LESS CURRENT LIABILITIES<br>CREDITORS: Amounts falling due after more than one year<br>17<br>NET ASSETS<br>FUNDS<br>Restricted funds<br>Unrestricted funds – designated<br>Unrestricted funds – general<br>TOTAL CHARITY FUNDS<br>18|Total funds 2023<br>£<br>7,867,950<br>7,859<br>7,875,809|Total funds 2022<br>£<br>7,718,397<br>9,215|
|---|---|---|
|||7,727,612|
||666,827<br>2,575,172<br>3,241,999<br>(381,026)<br>2,860,973<br>10,736,782<br>(1,715,389)<br>9,021,393<br>344,310<br>581,000<br>8,096,083<br>9,021,393|695,131<br>2,138,364|
|||2,833,495|
|||(405,078)|
|||2,428,417|
|||10,156,029<br>(1,785,845)|
|||8,370,184|
|||175,205<br>7,393,407<br>801,572<br>8,370,184|



The notes on pages 23-42 form part of these financial statements. 

The financial statements were approved by the board of trustees and authorised for issue on ..…………. and signed on its behalf by: 

Dr N Bishop I Pickup Trustee Trustee 

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## St George’s Crypt (A company limited by guarantee) 

STATEMENT OF CASH FLOWS For the year ended 31 March 2023 

|**Cash inflows from Operating Activities**<br>Net income before other recognised gains and losses<br>Depreciation<br>Interest and dividends received<br>Decrease/(Increase) in debtors<br>Decrease in creditors<br>**Net cash inflow from operating activities**<br>**Cash flows used in investing activities**<br>Interest and dividends received<br>Proceeds from sale of fixed assets<br>Payments to acquire tangible fixed assets<br>**Net cash flows used in investing activities**<br>**Cash flows from financing activities**<br>Mortgage Repayments<br>Loans Received<br>Loan repayments<br>**Net cash flows from financing activities**<br>**INCREASE IN CASH & CASH EQUIVALENTS**<br>**CASH AND CASH EQUIVALENTS BROUGHT FORWARD**<br>**CASH AND CASH EQUIVALENTS CARRIED FORWARD**<br>**ANALYSIS OF CASH AND CASH EQUIVALENTS**<br>2022<br>£<br>Cash at bank and in hand<br>2,138,364<br>Debt due in 1 year<br>(73,586)<br>Debt due in greater than 1 year<br>(1,785,845)<br>278,933|Total funds<br>2023<br>£<br>652,565<br>213,183<br>11,786<br>28,304<br>(21,742)<br>884,096<br>(11,786)<br>-<br>(362,736)<br>(374,522)<br>(17,838)<br>-<br>(54,928)<br>(72,766)<br>436,808<br>2,138,364<br>2,575,172<br>Cash flow<br>New Loans<br>£<br>£<br>436,808<br>-<br>1,860<br>-<br>70,456<br>-<br>509,124<br>-|Total funds<br>2023<br>£<br>652,565<br>213,183<br>11,786<br>28,304<br>(21,742)||Total funds<br>2022<br>£<br>767,684<br>208,004<br>308<br>(353,041)<br>(166,838)<br>456,117<br>(308)<br>599<br>(543,742)<br>(543,451)<br>(18,998)<br>822,610<br>(20,785)<br>782,827<br>695,493<br>1,442,871<br>2,138,364<br>2023<br>£<br>2,575,172<br>(71,726)<br>(1,715,389)<br>788,057|
|---|---|---|---|---|
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||



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## St George’s Crypt (A company limited by guarantee) 

ACCOUNTING POLICIES For the year ended 31 March 2023 

## **BASIS OF ACCOUNTING** 

The financial statements have been prepared in accordance with Statement of Recommended Practice “Accounting and Reporting by Charities” and applicable Accounting Standards in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. 

St George’s Crypt meets the definition of a public benefit entity under FRS 102.  Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.  The financial statements have been prepared in pound sterling as this is the currency of the primary economic environment in which the charitable company operates. Monetary amounts in these financial statements are rounded to the nearest £1. 

Consolidated financial statements have not been prepared since the two subsidiaries are immaterial. 

## **GOING CONCERN** 

The financial statements have been prepared under the going concern basis.  The trustees have carried out a review of the charity’s cash flows and resources and are confident that the charity is able to meet its liabilities as they fall due for a period of at least one year from the date of approval of the financial statements. 

## **INCOME** 

All income is included in the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. 

In accordance with this policy, income arising from the provision of hostel accommodation and supporting people is accounted for on an accruals basis. 

Donations, legacies and similar resources are accounted for on an accruals basis when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. 

Food donations cannot be accurately measured; therefore, they are not included in income. Other gifts in kind are included in the Statement of Financial Activities at estimated market value. 

Grants from government and other agencies are accounted for in the year in which the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. 

Investment income and associated income tax refunds are accounted for on an accruals basis. 

Income from shop sales is included in the period in which the sale takes place. Items donated for resale are not included in the financial statements until they are sold. 

## **EXPENDITURE** 

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Expenditure includes attributable VAT which cannot be recovered. Grants offered subject to conditions which have not 

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## St George’s Crypt (A company limited by guarantee) 

ACCOUNTING POLICIES For the year ended 31 March 2023 

been met at the year-end date are noted as a commitment but not accrued as expenditure. 

## **ALLOCATION AND APPORTIONMENT OF COSTS** 

Costs of activities in furtherance of the charity’s objectives represents all expenses, including depreciation, incurred in respect of the operation and maintenance of the hostels. This includes management and administration costs attributable to the management of the charity’s assets, organisational administration and compliance with constitutional and statutory requirements. 

Costs of generating funds represent the staff costs, publicity and fundraising costs attributable to promoting the charity’s activity. 

Governance costs are those incurred in connection with organisational administration and compliance with constitutional and statutory requirements. 

The allocation of support costs is analysed in note 6 and all costs directly related and incurred in the delivery of care including premises costs are included. Costs not directly related have been allocated based on management discretion. 

## **TANGIBLE FIXED ASSETS** 

Expenditure on fixed assets is capitalised in the balance sheet at cost. Gifted assets are capitalised at their market value. The De Minimis capitalisation level is £500 or if the asset has an expected useful life of more than a year. 

The depreciation policy was last reviewed in 2018 and changed so that it reflects more accurately the useful life of the assets by using the straight-line method for all assets. 

Depreciation is provided using the following annual rates: 

Freehold properties (excluding land) - 2% straight line Leasehold improvements - Over the length of the lease Plant and machinery - 25% - 33.3% straight line Fixtures, fittings and equipment - 20% - 25% straight line Land - No depreciation charge is made 

A full year’s depreciation is charged in the year of addition and no depreciation is charged in the year of disposal. 

## **IMPAIRMENTS** 

Fixed assets are reviewed for impairment if events or changes in circumstances indicate that the carrying amount may not be recoverable. 

## **RECOGNITION OF LIABILITIES** 

Liabilities are recognised where there is a legal or constructive obligation committing the charity to the expenditure. 

## **TAXATION** 

St George's Crypt is a registered charity and as such is a charity within the meaning of schedule 6 of the 

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## St George’s Crypt (A company limited by guarantee) 

ACCOUNTING POLICIES For the year ended 31 March 2023 

Finance Act 2010.  Accordingly, the Charity is potentially entitled to tax exemption under part 11 of the Corporation Tax Act 2010 or section 256 of the Taxation of Chargeable Gains Act 1992 in respect of income and gains arising. 

## **FUND ACCOUNTING** 

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Designated funds are unrestricted funds which are set aside by the trustees for specific purposes. 

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. 

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. 

## **LEASING** 

Rentals payable under operating leases are charged against income on a straight-line basis over lease term. 

## **INVESTMENTS** 

All listed investments are accounted for at their market value at the balance sheet date. All unlisted investments are accounted for at cost. 

## **REALISED AND UNREALISED GAINS AND LOSSES** 

All realised and unrealised gains and losses on investment assets are recognised in the accounts. Permanent diminutions in the value of fixed assets are charged to the Statement of Financial Activities. 

## **PENSION COMMITMENTS** 

In August 2014 the charity commenced pension payments under a defined contribution scheme, as part of auto-enrolment.  The contributions payable during the year are charged in the Statement of Financial Activities as they fall due. 

## **EMPLOYEE BENEFITS** 

Contributions to Simply Health are recognised as an expense in the period in which they are incurred. 

## **FINANCIAL INSTRUMENTS** 

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. 

## **CASH AT BANK AND IN HAND** 

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity held for working capital. 

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## St George’s Crypt (A company limited by guarantee) 

ACCOUNTING POLICIES For the year ended 31 March 2023 

## **DEBTORS** 

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid. 

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date. 

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected.  The impairment loss is recognised in the income and expenditure account. 

## **CREDITORS AND PROVISIONS** 

Creditors, loans and provisions are recognised where the Charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably.  Creditors, loans and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. 

Financial liabilities are only derecognised when, and only when, the Charity’s obligations are discharged, cancelled or they expire. 

Amounts recognised as provisions are best estimates of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation. 

## **CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY** 

In the application of the Charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources.  The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. 

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are outlined below: 

## **CRITICAL ESTIMATES** 

## **Depreciation of tangible assets** 

Depreciation policies have been set according to management's experience of the useful lives of the assets in each category, something which is reviewed annually. 

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## St George’s Crypt (A company limited by guarantee) 

## ACCOUNTING POLICIES 

For the year ended 31 March 2023 

## **Legacies** 

Legacies are recognised as income when probate has been granted, the charity has established its entitlement to the funds and where sufficient information is available to allow it to measure its entitlement. 

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## St George’s Crypt (A company limited by guarantee) 

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2023 

|**1.**<br>**DONATIONS AND LEGACIES**<br>Donations including Gift Aid<br>Legacies<br>Grants<br>Furlough Grants|**2023**<br>£<br>1,282,198<br>128,643<br>246,546<br>-<br>1,657,387|**2022**<br>£<br>1,037,084<br>239,329<br>446,664<br>60,379<br>1,783,456|
|---|---|---|



Trustee donations including gift aid totalled £3,746 (2022: £7,720) during the year. 

Donations above includes £164,708 (2022: £153,111) of donated goods and services which has been recognised in both income and expenditure. 

## **2. OTHER TRADING ACTIVITIES** 

|Shop and Nurture income<br>**3.**<br>**INVESTMENTS**<br>Deposit account interest<br>Dividends<br>**4.**<br>**CHARITABLE ACTIVITIES**<br>Accommodation charges<br>Housing benefit and Supporting people income<br>Other income from charitable activities<br>**5.**<br>**RAISING FUNDS**<br>**Direct costs**<br>Staff costs<br>Other staff costs<br>Publicity and fundraising<br>**Support costs**<br>Administration charge||**2023**<br>£<br>572,901<br>572,901<br>**2023**<br>£<br>11,667<br>119<br>11,786<br>**2023**<br>£<br>127,018<br>2,156,241<br>4,003<br>2,287,262<br>**2023**<br>£<br>285,200<br>-<br>38,130<br>323,330<br>17,069<br>340,399||**2022**<br>£<br>419,248<br>419,248<br>**2022**<br>£<br>85<br>222<br>308<br>**2022**<br>£<br>111,015<br>1,505,778<br>5,612<br>1,622,405<br>**2022**<br>£<br>248,407<br>3,704<br>197,228|
|---|---|---|---|---|
|||||449,339<br>13,342<br>462,681|



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## St George’s Crypt (A company limited by guarantee) 

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2023 

## **6. DIRECT COSTS** 

|**.**<br>**DIRECT COSTS**|||||||
|---|---|---|---|---|---|---|
|||**Hostels & Overnight**|**Nurture**||||
|**For the year ended 31 March 2023**|**Crypt**|**Centre**|**Cafes**|**Shops**|**Accommodation**|**Total 2023**|
||**£**|**£**|**£**|**£**|**£**|**£**|
|**DELIVERY OF CARE COSTS**|||||||
|**Raising Funds Costs**|||||||
|Commissions/goods purchased|4,541|108|13,531|233|-|18,413|
|Consumables|-|-|3,906|4,684|-|8,590|
|Uniforms|161|590|765|177|-|1,693|
|Miscellaneous|166,081|638|92|7,112|-|173,923|
|Motor vehicles|8,866|70|4,515|9,220|-|22,671|
|**Hostel & Care Costs**|||||||
|Food|2,692|94|138|3|35|2,962|
|Other household consumables|5,756|3,201|875|5|240|10,077|
|Leisure and recreational|7,505|668|-|-|293|8,466|
|Health and Welfare|6,746|84|5|-|20|6,855|
|Growing rooms expenses|5,187|-|-|-|-|5,187|
|Spacious Places|-|-|-|-|-|-|
|Lighthouse|20,000|-|-|-|-|20,000|
|**Employee Costs**|||||||
|Salaries|850,441|442,396|79,636|133,593|104,904|1,610,970|
|Travel expenses|2,473|35|12|7|885|3,412|
|Recruitment costs|2,225|2,783|220|97|95|5,420|
|Training & conference costs|4,081|2,719|163|950|330|8,243|
|Other staff costs|1,586|471|88|84|-|2,229|
|Volunteer expenses|8,592|54|236|2,851|10|11,743|
|Agency Staff|81,422|111,765|-|-|57,681|250,868|



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St George’s Crypt (A company limited by guarantee) 

## NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2023 

|**For the year ended 31 March 2023**<br>**Property Costs**<br>Rent<br>Operating Lease<br>Council tax<br>Insurance<br>Utilities - Electricity, Gas & Water<br>Refuse collection & cleaning<br>Property repairs & maintenance<br>Depreciation<br>**Sub Total Delivery of Care Costs**<br>**SUPPORT COSTS**<br>**Administration Costs**<br>Salaries<br>Printing, stationery & postage<br>Memberships & subscriptions<br>Telephone/mobile/internet<br>Computers, equipment & furniture<br>Professional and Legal fees<br>Bank charges<br>Loan interest<br>Other Expenditure<br>VAT unrecoverable<br>**Sub Total Support Costs**<br>**Governance Costs (note 7)**<br>**Total Expenditure on Charitable Activities**|**Crypt**<br>**Hostels & Overnight**<br>**Centre**<br>**Nurture**<br>**Cafes**<br>**Shops**<br>**Accommodation**<br>**Total 2023**<br>11,791<br>944<br>-<br>47,244<br>-<br>59,979<br>-<br>-<br>-<br>-<br>49,267<br>49,267<br>5,321<br>479<br>-<br>4,799<br>16,805<br>27,404<br>23,253<br>418<br>-<br>50<br>2,664<br>26,385<br>86,895<br>24,918<br>15,027<br>23,482<br>51,940<br>202,262<br>12,289<br>430<br>157<br>2,193<br>1,168<br>16,237<br>59,022<br>30,986<br>31,063<br>12,505<br>20,046<br>153,622<br>117,694<br>40,929<br>7,872<br>9,882<br>36,806<br>213,183|
|---|---|
||1,494,620<br>664,779<br>158,304<br>259,172<br>343,190<br>2,920,065|
||52,004<br>103,986<br>19,233<br>41,501<br>39,404<br>256,128<br>7,958<br>1,924<br>56<br>2,019<br>293<br>12,250<br>5,515<br>-<br>80<br>214<br>-<br>5,809<br>33,860<br>2,229<br>1,051<br>4,816<br>2,121<br>44,077<br>8,550<br>4,101<br>395<br>2,172<br>537<br>15,755<br>204,444<br>2,167<br>-<br>133<br>(146,650)<br>60,094<br>3,905<br>-<br>32<br>32<br>60<br>4,029<br>47,289<br>11,280<br>-<br>-<br>12,865<br>71,434<br>4,301<br>922<br>-<br>-<br>-<br>5,223<br>58,188<br>38,453<br>-<br>-<br>20,517<br>117,158|
||426,014<br>165,062<br>20,847<br>50,887<br>(70,853)<br>591,957<br>24,350<br>-<br>-<br>-<br>-<br>24,350|
||1,944,984<br>829,841<br>179,151<br>310,059<br>272,337<br>3,536,372|



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St George’s Crypt (A company limited by guarantee) 

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2023 

|**For the year ended 31 March 2022**|**Crypt**|**Hostels & Overnight Centre**|**Nurture**|**Shops**|**Accommodation**|**Total 2022**|
|---|---|---|---|---|---|---|
||**£**|**£**|**£**|**£**|**£**|**£**|
|**DELIVERY OF CARE COSTS**|||||||
|**Raising Funds Costs**|||||||
|Commissions/goods purchased|-|89|3,300|198|-|3,587|
|Consumables|16|-|3,945|3,380|-|7,341|
|Uniforms|311|-|55|-|-|366|
|Miscellaneous|836|-|1,635|6,721|-|9,192|
|Motor vehicles|13,165|-|2,296|7,232|-|22,693|
|**Hostel & Care Costs**|||||||
|Food|1,224|281|-|-|-|1,505|
|Other household consumables|4,774|1,347|380|-|297|6,798|
|Leisure and recreational|415|1,484|-|-|1,084|2,983|
|Health and Welfare|3,919|109|-|-|-|4,028|
|Growing rooms expenses|3,319|-|-|-|-|3,319|
|Spacious Places|-|-|-|-|(35)|(35)|
|Lighthouse|20,000|-|-|-|-|20,000|
|**Employee Costs**|||||||
|Salaries|633,713|345,055|58,671|117,140|86,930|1,241,509|
|Travel expenses|487|97|5|18|478|1,085|
|Recruitment costs|2,400|2,437|98|198|-|5,133|
|Training & conference costs|2,875|2,141|97|1,399|461|6,973|
|Other staff costs|878|335|-|126|-|1,339|
|Volunteer expenses|6,122|3|64|4,558|12|10,759|
|Agency Staff|42,534|113,953|-|-|51,867|208,354|



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St George’s Crypt (A company limited by guarantee) 

## NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2023 

|**For the year ended 31 March 2022**<br>**Property Costs**<br>Rent<br>Operating Lease<br>Council tax<br>Insurance<br>Utilities - Electricity, Gas & Water<br>Refuse collection & cleaning<br>Property repairs & maintenance<br>Depreciation<br>**Sub Total Delivery of Care Costs**<br>**SUPPORT COSTS**<br>**Administration Costs**<br>Salaries<br>Printing, stationery & postage<br>Memberships & subscriptions<br>Telephone/mobile/internet<br>Computers, equipment & furniture<br>Professional and Legal fees<br>Bank charges<br>Loan interest<br>Other Expenditure<br>VAT unrecoverable<br>**Sub Total Support Costs**<br>**Governance Costs (note 7)**<br>**Total Expenditure on Charitable**<br>**Activities**|**Crypt**<br>**Hostels & Overnight Centre**<br>**Nurture**<br>**Shops**<br>**Accommodation**<br>**Total 2022**<br>4787<br>-<br>-<br>`-<br>-<br>46,988<br>-<br>-<br>39,680<br>51,775<br>39,680<br>5,799<br>(643)<br>-<br>2,063<br>11,434<br>18,653<br>23,858<br>-<br>-<br>1,184<br>-<br>25,042<br>10,795<br>26,112<br>12,523<br>21,125<br>51,872<br>122,427<br>3,656<br>3,958<br>2,434<br>2,956<br>554<br>13,558<br>18,228<br>19,779<br>9,335<br>14,032<br>28,063<br>89,437<br>112,127<br>38,823<br>6,538<br>14,493<br>36,024<br>208,005|
|---|---|
||916,238<br>555,360<br>101,376<br>243,811<br>308,721<br>2,125,506|
||35,841<br>61,614<br>22,482<br>37,239<br>27,392<br>184,568<br>5,563<br>515<br>134<br>571<br>414<br>7,197<br>7,383<br>-<br>-<br>405<br>-<br>7,788<br>31,432<br>1,509<br>464<br>5,225<br>2,400<br>41,030<br>10,715<br>823<br>318<br>3,605<br>1,263<br>16,724<br>46,156<br>778<br>-<br>(300)<br>1,236<br>47,870<br>3,203<br>-<br>52<br>32<br>50<br>3,337<br>44,423<br>11,700<br>-<br>-<br>8,628<br>64,751<br>390<br>897<br>-<br>-<br>-<br>1,287<br>38,969<br>20,978<br>-<br>-<br>17,137<br>77,084|
||224,075<br>98,814<br>23,450<br>46,777<br>58,520<br>451,636<br>17,910<br>-<br>-<br>-<br>-<br>17,910|
||1,158,223<br>654,174<br>124,826<br>290,588<br>367,241<br>2,595,052|



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## St George’s Crypt (A company limited by guarantee) 

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2023 

|**7.**<br>**GOVERNANCE COSTS**<br>Auditor’s remuneration for:<br>Audit services – current year<br>Audit services – prior year<br>Other services<br>**8.**<br>**NET INCOME FOR THE YEAR**<br>This is stated after charging:<br>Depreciation<br>Auditor’s remuneration<br>Operating lease rentals – property<br>**9.**<br>**TRUSTEES’ REMUNERATION AND BENEFITS**<br>There was no trustees’ remuneration or other benefits for the year<br>31 March 2022.<br>**10.**<br>**EMPLOYEES**<br>The average monthly number of persons employed by the<br>charity during the year was:<br>Managers<br>Social care staff<br>Administrative staff<br>Staff costs for the above persons:<br>Wages and salaries<br>Social Security costs<br>Pensions costs<br>Benefit in Kind|**2023**<br>£<br>13,850<br>6,300<br>4,200<br>24,350<br>**2023**<br>£<br>213,184<br>20,150<br>90,641|
|---|---|



Included in wages and salaries is an ex-gratia payment of £12,278 and additional payment in lieu of notice totalling £8,481 to one individual. 

There were two employees whose emoluments exceeded £60,000 (2022 - two), one in the band £60,000 - £70,000 (2022 – two) and one in the band £70,000 - £80,000 (2022 – none). The Leadership Team (which comprises those individuals listed within the Leadership Team disclosed on page 2) remuneration, including gross pay, employer’s pension contributions, employer’s national insurance contributions and benefits in kind, during the year totalled £566,375 (2022 – £531,793). To ensure better communication between departments and improved succession planning within the charity, the management structure incorporates 9 Heads of Department and 2 Executives. 

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## St George’s Crypt (A company limited by guarantee) 

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2023 

## **11. TAXATION** 

As a charity, St George’s Crypt is exempt from tax on income falling within Part 11 of the Corporation Tax Act 2010 and on gains falling within s256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objectives.  No tax charges have arisen in the charity. 

## **12. TANGIBLE FIXED ASSETS** 

|Cost<br>At 31 March 2022<br>Additions<br>At 31 March 2023<br>Depreciation<br>At 31 March 2022<br>Charge for the year<br>At 31 March 2023<br>Net book value<br>At 31 March 2023<br>At 31 March 2022|_Leasehold_<br>_Improvements_<br>_Freehold_<br>_Properties_<br>_Plant and_<br>_Machinery_<br>_Fixtures,_<br>_Fittings and_<br>_Equipment_<br>_Totals_<br>£<br>£<br>£<br>£<br>£<br>1,409,817<br>7,095,963<br>249,417<br>493,570<br>9,248,767<br>23,885            274,970<br>4,146<br>59,735<br>362,736|
|---|---|
||1,433,702<br>7,370,933<br>253,563<br>553,305<br>9,611,503|
||405,850<br>495,613<br>238,532<br>390,374<br>1,530,369<br>35,500<br>137,969<br>4,915<br>34,800<br>213,184|
||441,350<br>633,582<br>243,447<br>425,174<br>1,743,553|
||992,352<br>6,737,351<br>10,116<br>128,131<br>7,867,950|
||1,003,966<br>6,600,350<br>10,885<br>103,196<br>7,718,397|



The Trustees believe that the open market values of the completed properties in total is not less than the total book value for freehold properties. 

Within Freehold Properties, land values totalling £196k are included and not depreciated. This is derived from £80k relating to Grace Lodge, £66k related to Don Robins’ House and £50k relating to Regent Lodge. 

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## St George’s Crypt (A company limited by guarantee) 

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2023 

## **13. FIXED ASSET INVESTMENTS** 

|Investments<br>in<br>subsidiaries<br>Listed<br>investments<br>£<br>£<br>At 31 March 2022<br>2<br>9,213<br>Unrealised gain/(loss) on investment<br>-<br>(1,356)<br>At 31 March 2023<br>2<br>7,857<br>Historical cost of investments<br>2<br>4,228<br>**SUBSIDIARY UNDERTAKINGS**<br>The following are subsidiary undertakings of the company:<br>Name<br>Class of shares<br>Holding<br>St George’s Crypt (Trading) C.I.C<br>Ordinary<br>100%<br>St George’s Crypt (Development) C.I.C<br>Ordinary<br>100%<br>Both entities were dormant in the year to 31 March 2023.<br>Listed investments can be categorised as UK equities.|Total<br>£<br>9,215<br>(1,356)|
|---|---|
||7,859|
||4,230|
|||



## **14. DEBTORS** 

|Trade debtors<br>Other debtors<br>Prepayments and accrued income|**2023**<br>£<br>327,278<br>2,172<br>337,377<br>666,827|**2022**<br>£<br>184,514<br>133,596<br>377,021|
|---|---|---|
|||695,131|



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## St George’s Crypt (A company limited by guarantee) 

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2023 

## **15. CREDITORS: Amounts falling due within one year** 

|**REDITORS: Amounts falling due within one year**|||
|---|---|---|
|Bank mortgages<br>Loan<br>Trade creditors<br>Taxation and social security costs<br>Other creditors<br>Accruals<br>Deferred income|2023<br>£<br>16,754<br>54,522<br>30,971<br>61,956<br>15,316<br>160,445<br>41,062<br>381,026|2022<br>£<br>19,064<br>54,522<br>121,866<br>24,783<br>11,403<br>167,899<br>5,541|
|||405,078|



The mortgages and loans are secured by a bank debenture on the charitable company’s assets and by first legal charges over the freehold properties known as: 

- 76 Conference Road, Armley, Leeds (a) 

- 7 Barden Grove, Armley, Leeds (b) 

- 44 Highthorne View, Armley, Leeds (b) 

The mortgage for (a) above is repaid in monthly instalments of £944 and for (b) in monthly instalments of £1,348, and interest is charged at 3% above base rate on both mortgages. 

Public Works Loan Board loans were received from Leeds City Council towards the new builds of Regent Lodge and Don Robins house, with first legal charges over each of these properties and Faith Lodge (25&27 Wellclose Place, Woodhouse, Leeds). Interest is charged at 3.75% over a 30 year period. 

## **16. DEFERRED INCOME** 

|2023<br>£<br>At 1 April 2022<br>Amount released to income<br>5,541<br>(4,318)<br>Amount deferred in the year<br>39,839<br>At 31 March 2023<br>41,062<br>**REDITORS: Amounts falling after one year**<br>2023<br>£<br>Bank mortgages<br>226,532<br>Loans<br>1,488,857<br>1,715,389<br>The amounts falling due after one year are repayable as follows:<br>Bank mortgage<br>£<br>Due between 1-2 years<br>16,754<br>Due between 2-5 years<br>50,263<br>Due after more than 5 years<br>159,515<br>226,532|2022<br>£<br>-<br>-<br>5,541<br>5,541<br>2022<br>£<br>242,060<br>1,543,785<br>1,785,845<br>Loan<br>£<br>54,522<br>163,565<br>1,270,770<br>1,488,857|
|---|---|



## **17. CREDITORS: Amounts falling after one year** 

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## St George’s Crypt (A company limited by guarantee) 

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2023 

## 18. **ANALYSIS OF NET ASSETS BETWEEN FUNDS** 

**For the year ended 31 March 2023** 

|Tangible fixed assets<br>Investments<br>Current assets<br>Current Liabilities<br>Long-term liabilities<br>Net assets at 31 March 2023|Designated<br>Unrestricted Funds<br>General Unrestricted<br>Funds<br>Restricted Funds<br>Total Funds<br>£<br>£<br>£<br>£<br>-<br>7,867,950<br>-<br>7,867,950<br>-<br>7,859<br>-<br>7,859<br>581,000<br>2,280,344<br>380,655<br>3,241,999<br>-<br>(344,681)<br>(36,345)<br>(381,026)<br>-<br>(1,715,389)<br>-<br>(1,715,389)|
|---|---|
||581,000<br>8,096,083<br>344,310<br>9,021,393|



## **For the year ended 31 March 2022** 

|Tangible fixed assets<br>Investments<br>Current assets<br>Current Liabilities<br>Long-term liabilities<br>Net assets at 31 March 2022|Designated<br>Unrestricted Funds<br>General Unrestricted<br>Funds<br>Restricted Funds<br>Total Funds<br>£<br>£<br>£<br>£<br>7,718,397<br>-<br>-<br>7,718,397<br>-<br>9,215<br>-<br>9,215<br>1,534,441<br>1,123,849<br>175,205<br>2,833,495<br>(73,586)<br>(331,492)<br>-<br>(405,078)<br>(1,785,845)<br>-<br>-<br>(1,785,845)<br>7,393,407<br>801,572<br>175,205<br>8,370,184|
|---|---|



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## St George’s Crypt (A company limited by guarantee) 

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2023 

## **19. MOVEMENT IN FUNDS** 

|**For the year ended 31 March 2023**<br>UNRESTRICTED FUNDS<br>Designated funds<br>General fund<br>RESTRICTED FUNDS<br>Chaplaincy<br>Growing Rooms<br>Furniture project<br>New Building Projects<br>Health & Wellbeing<br>Armley Foodbank<br>Counselling Services<br>Occupational Therapist<br>Crypt<br>Printing Project<br>Mental Health Worker<br>Nurture<br>Care<br>Ashlar House<br>**TOTAL CHARITY FUNDS**|At 1 April<br>2022<br>Income & Gains<br>Expenditure &<br>Losses<br>Transfers<br>At 31 March<br>2023<br>£<br>£<br>£<br>£<br>£<br>7,393,407<br>-<br>-<br>(6,812,407)<br>581,000<br>801,572<br>3,866,526<br>(3,384,422)<br>6,812,407<br>8,096,083|
|---|---|
||8,194,979<br>3,866,526<br>(3,384,422)<br>-<br>8,677,083|
||18,225<br>-<br>(4,094)<br>-<br>14,131<br>19,194<br>268,143<br>(230,232)<br>-<br>57,105<br>2,870<br>-<br>185<br>-<br>3,055<br>-<br>75,581<br>(75,181)<br>-<br>400<br>29,523<br>32,250<br>(33,445)<br>-<br>28,328<br>3,145<br>5,200<br>(1,370)<br>-<br>6,975<br>2,179<br>-<br>-<br>-<br>2,179<br>26,641<br>-<br>-<br>-<br>26,641<br>6,100<br>12,000<br>(825)<br>-<br>17,275<br>4,394<br>3,735<br>(2,982)<br>-<br>5,147<br>19,349<br>37,038<br>(29,689)<br>-<br>26,698<br>32,785<br>34,299<br>(28,468)<br>-<br>38,616<br>10,800<br>119,242<br>(12,282)<br>-<br>117,760<br>-<br>75,322<br>(75,322)<br>-<br>-|
||175,205<br>662,810<br>(493,705)<br>-<br>344,310|
||8,370,184<br>4,529,336<br>(3,878,127)<br>-<br>9,021,393|



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## St George’s Crypt (A company limited by guarantee) 

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2023 

|**For the year ended 31 March 2022**<br>UNRESTRICTED FUNDS<br>Designated funds<br>General fund<br>RESTRICTED FUNDS<br>Chaplaincy<br>Growing Rooms<br>Furniture project<br>New Building Projects<br>Health & Wellbeing<br>Armley Foodbank<br>Counselling Services<br>Occupational Therapist<br>Crypt<br>Printing Project<br>Mental Health Worker<br>Nurture<br>Care<br>**TOTAL CHARITY FUNDS**|At 1 April 2021<br>Income & Gains<br>Expenditure &<br>Losses<br>Transfers<br>At 31 March<br>2022<br>£<br>£<br>£<br>£<br>£<br>6,604,588<br>822,610<br>(33,791)<br>-<br>7,393,407<br>786,683<br>2,594,188<br>(2,579,299)<br>-<br>801,572|
|---|---|
||7,391,271<br>3,416,798<br>(2,613,090)<br>-<br>8,194,979|
||29,950<br>8,775<br>(20,500)<br>-<br>18,225<br>5,465<br>115,237<br>(101,508)<br>-<br>19,194<br>2,564<br>-<br>306<br>-<br>2,870<br>95,468<br>143,497<br>(238,965)<br>-<br>-<br>3,494<br>26,630<br>(597)<br>-<br>29,527<br>700<br>2,600<br>(155)<br>-<br>3,145<br>2,699<br>-<br>(520)<br>-<br>2,179<br>26,641<br>-<br>-<br>-<br>26,641<br>13,560<br>6,500<br>(13,960)<br>-<br>6,100<br>6,427<br>-<br>(2,033)<br>-<br>4,394<br>21,307<br>37,034<br>(38,996)<br>-<br>19,349<br>-<br>58,000<br>(25,215)<br>-<br>32,785<br>-<br>13,300<br>(2,500)<br>-<br>10,800|
||208,275<br>411,573<br>(444,643)<br>-<br>175,205|
||7,599,546<br>3,828,371<br>(3,057,733)<br>-<br>8,370,184|



## **Transfers** 

The charity has moved its Fixed Assets from Designated Fund in to General Funds. This is because the Funds have already been spent on assets that are utilised operationally to deliver the services we offer. The remaining Designated Funds are therefore monies ring-fenced by the Trustees and senior leaders to improve the services offered to service users in the future. 

## **Designated funds** 

The designated fixed fund in the prior year represented the net book value of the charity’s fixed assets, less any borrowings thereon and other associated deductions such as creditor retentions sat in trade creditors. 

For the remaining designated funds, the charity is committed to ensuring suitable accommodation is provided to those who are without a residence. As such, the charity is in the process of registering a subsidiary as a Registered Provider of social housing with a view to building more accommodation in the future. Designation of £200, 000 has been undertaken to facilitate this and towards build planning costs in the future. As the charity increases its outreach, a further 2 new projects have being started and £108, 000 has being designated to ensuring the projects are successful. The remaining designations of £273,000 relate to a mixture of property repairs and upgrades and the purchase of new assets. 

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St George’s Crypt (A company limited by guarantee) 

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2023 

## **Restricted funds** 

**Chaplaincy** represents grant from Sir Halley Stewart for research into homelessness and Christianity. 

**Growing Rooms** represents grants awarded to pay for registration to relevant training courses and to reimburse travel expenses for Growing Rooms Project clients who volunteer at the charity. 

**Furniture Project** relates to plan to upcycle old furniture by Growing Rooms Project clients for resale. 

**New Building Projects** represent grants towards the charity’s new housing developments helping homelessness and disadvantaged people. 

**Health & Wellbeing** represents grants towards dental provision and towards client travel expenses. 

**Armley Foodbank** represents grants operating and stocking a foodbank from the Armley Shop premises. 

**Counselling Services** represents grants to support Growing Rooms Project Clients. 

**Occupational Therapist** represents a grant from NHS Clinical Commissioning to provide an in-hours occupational therapist. 

**Crypt** represents grants received to provide services to both clients staying within its properties and towards provision of a lunch time service for non-residents. 

**Printing Project** represents a Growing Rooms Project for clients to design and create screen print items for sale. 

**Mental Health Worker** represents a grant to employ an on-site mental health worker to support the needs of clients engaging with our services. 

**Nurture** represents a significant award towards redevelopment of kitchen facilities to allow training for individuals to gain key life skills through cooking. This is combined with other smaller awards to assist in providing a free lunchtime meal service. 

**Care** represents successfully awarded grants received to allow the charity to update the air ventilation system within the Crypt emergency accommodation setting. 

**Ashlar House:** A new project in partnership with the Department for Levelling Up, Housing and Communities (DLUCH) to provide an additional 15 units of appropriate accommodation for the homeless co-hort. The accommodation is aligned to other projects run by St Georges Crypt and provides shelter, support and food to vulnerable people. 

## **20. PENSION COSTS** 

In August 2014 the Charity commenced pension payments under a defined contribution scheme, as part of autoenrolment.  The pension cost charge represents contributions payable by the Charity and amounted to £37,931 (2022 - £29,856). 

Pension contributions outstanding at the year-end amounted to £11,595 (2022 - £1,653). 

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## St George’s Crypt (A company limited by guarantee) 

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2023 

## **21. OPERATING LEASE COMMITMENTS** 

At 31 March 2023 the Charity had total commitments under non-cancellable operating leases as follows: 

|Payments due:<br>Within one year<br>Between two to five years|2023<br>£<br>85,677<br>59,415<br>145,092|2022<br>£<br>44,939<br>24,972<br>69,911|
|---|---|---|



## **22.     CAPITAL COMMITMENTS** 

There were no capital commitments at the year end (2022 – none). 

## **23. RELATED PARTY TRANSACTIONS** 

The Care Centre is operated from the area beneath St George’s Church, which is owned by the Church and leased to the charity free of charge.  Revd Lizzy Woolf was licensed as Rector of St George’s Church on 2 September 2017 and is an ex officio Trustee. A donation in kind has been recognised within income of £65,000 (2022 - £65,000), being the estimated market value of this rental. 

The charity made the following grant payments during the year to:- 

- Lighthouse West Yorkshire is a related party due to Nick Bishop (common trustee) and Revd Lizzy Woolf being an ex officio Trustee of St George’s Crypt and a Trustee of Lighthouse. During the year a grant payment totalling £20,000 (2022 – £20,000) was made to Lighthouse West Yorkshire. 

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## St George’s Crypt (A company limited by guarantee) 

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2023 

## **24. PRIOR YEAR STATEMENT OF FINANCIAL ACTIVITIES** 

|INCOME<br>Donations and legacies<br>Other Trading Activities<br>Investments<br>Charitable activities<br>TOTAL INCOME<br>EXPENDITURE ON<br>Raising funds<br>Charitable activities<br>TOTAL EXPENDITURE<br>Net income before recognised gains/(losses)<br>Unrealised gain/(loss) on investments<br>Realised gain on sale of fixed asset<br>NET INCOME<br>Transfer between funds<br>NET MOVEMENT IN FUNDS<br>Total funds brought forward<br>TOTAL FUNDS CARRIED FORWARD|Unrestricted funds<br>£<br>1,371,883<br>419,248<br>308<br>1,622,405<br>3,413,844<br>462,681<br>2,150,409<br>2,613,090<br>800,754<br>2,354<br>600<br>803,708<br>-<br>803,708<br>7,391,271<br>8,194,979|Restricted funds<br>£<br>411,573<br>-<br>-<br>-<br>411,573<br>-<br>444,643<br>444,643<br>(33,070)<br>-<br>-<br>(33,070)<br>-<br>(33,070)<br>208,275<br>175,205|Total funds 2022<br>£<br>1,783,456<br>419,248<br>308<br>1,622,405|
|---|---|---|---|
||||3,825,417|
||||462,681<br>2,595,052|
||||3,057,733<br>767,684|
||||2,354<br>600|
||||770,638<br>-|
||||770,638<br>7,559,546<br>8,370,184|



## **25. POST BALANCE SHEET EVENTS** 

After the year end, a property at Highthorne View, Armley, was sold. This property is included within year end tangible fixed assets at a cost of £116k and residual value after accumulated depreciation charges of £104k. 

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