St George's Crypt (A company limited by guarantee) Registered Ch￿lty No. 1144474 Regislered Company No, 07780402 St George's Crypt (A company limited by guarantee) TRUSTEES, REPORT AND FINANCIAL STATEMENTS for the year ended 31 March 2024 St. George's I Crypt *ADtyJ3Nr* 2411V2024 CCWPANIES House #146 St George's Crypt (A company lirnited by guarantee) f.HARITV INFnRMATIOP4 TRUSTEES AND DIRECTORS The Tru8t¢¢s who setv¢d the company duTingthe year w¢re 8$ follows: EX OFFICIO TRUSTEES Revd Liuy Woolf The Venerable Paul Ayer5 ELECTED TRUSTEES AND DIRECTORS Jane Dufton (Chair)- Appointed 10 June 2024 Jonathan Chestem)an (tkputy Chair- Acting Chair between Dec-23 and Jun-24) lan Pl¢kup Jane Cooper Rachel Amold Dr Helen Reid - Appoin￿ 05th June 2if23 Janet Swift- Appointed 05th Jur* 2023 Hannah Iwanuschak- Appointed 10 June 2LY24 Revd Paul Maybury-AppoiAted 24 July 2023 Richard Hughes- Appointed 13 Septemter 2024 Dr Nick Bishop {Chair}- Resigned 4" December 2023 Chris Burford- Res]￿d 4th De¢ember 2023 LEADERSHIP TKAM Chris Fields (Chief Exe¢utiv¢ Office) Helen Brownridge {Deputy CEO)- Prwoted 111 May 2023 Andrew Muckie (Chaplain) Andrew Omortd (Head of D¢v¢lopm¢ni & Strategy. fonner Head of Marketing) Bhekisipho Siwawa (Head of Mark￿ing & PR) Clwis (Head of Finance) Chris Wilson (Head of Client Servi¢es) Christine Lane (Head of Hea]th and Well-Being) David Pilling (Head of NuTture) Jamie Wilson (Deputy Head of Care) Lisa AldTed (Head of Fundraising) Matthew Nice (Head of IDfroStnKture)- Resigned effective 2(P Decunber 2024 Martin Patterson (Head of New Builds and Projects)-Resi&ned 13 JLme 2023 Nat&8ha Mtyosini (Head of Retail) PRINCIPAL BAf4KERS LEGAL ADVISERS AUDITOR Azets Audil S¢rvi¢¢s Liwnited HSBC Bank plc 33 Park Row East Parade Leeds LSI 5BD Lupton Fawcett LLP Yorkshire House 3 Wellington Place Leeds LSI 4AP 12 King Street Leeds LSI 2HL ZIPage St George's Crypt (A company limited by guarantee) C.ONTKNTS Trustees. Report and Strategic Re 15 Independeni Auditor's Report 1&19 Statement of Financi￿ Activities 20 BaJanc¢ Sheet 21 Statement of Cash Flows Notes to the Financiai Ststements 2344 31Page St George's Crypt (A company limited by guarantee) '.IJIUSTLES' RTr.PORI' Year ended 3 l N4arch 2024 A Snapshot of 2023-2024 St. George's Crypt 14,5DO care c￿tre bulsprovithJ8 ett)Èrgenty 10 Peoplz Lxwiewl 4120DEed rmMl*l 490 attende health servi 2,165 iteltisof 1.710meaJs p Tnonth producedfor homeless witii the gclitywe •t¢e8sed our 10.130 hrxtrs ofdiwt IA53kg of food p iodienu w]y con*to 31170 Referr* 41PaBe St George's Crypt (A company limited by guarantee) 'riius'i'EES' REPOHI. YGir elided 31 Marcli 2024 The Chartty is ¢xceptionally gr*ful for its Ci)ntinued support allowing it lo provide acc(rfnmixlation and support for $0 many people over the year. despite the tough e¢oncxnic environment. The £183k addition to fiuth reeognised this year. cgme from multiple sources from controlled trading opportunitie5, funthai5ing activities and donors, aNI legacie& This led to free reserves giving I monih of operntional expense cover when removing fixed &￿et5 from General Reserve4 utilised to deliver our seThi¢es. Our ambitiow plans to further provide high standard a￿0m)nodation a￿1 through our ongoing ¢ommitments lo projecls to 4ddres5 our eharitable aims, many fill)ded directly from charitable giving means we aim lo maintain or lower this figure. The chATity is still committed to the creation of a subsidiary entity to IKcme a Registered Provider of Social Housin& which will be develoFd to increasethehousingstocks afyj standaTd5 of aKI)mmodation to be offered to tl* vulnerable people we WO￿ with dai]y. REFERENCE AIYD ADMif41STRATJVE INFORMATIOTrI Registered office and oiThtional address: St George's Crypt Greai Gcorg< Street Leeds LSI 3BR hari inEn land and Wales Charity Registtation No: 1144474 (England aThl Wale5} Company Registraiion No.. 07780402 The charity infortnation page forn￿ part ofthis reporL rRUCTURE, GOVERNANCE AND MAf4ACKMENT The Tru5tee4 who are also DirectOf5 for the purposes of company law. present their annual report togetherwith ihe financial sta*ments forthe yew ended 31 March 2024 which ar¢ also prepared to meet the requIreme￿ts for a director's TeFQrt and accounts for CornpaDi¢s Acl purposes. The financial statements have been PTepared in ac￿rdanCe wiih Statement of Recommended Prartice "Accountingand Reporting by Charities" and applieable Accounting Standards in the UK and R¢public of Ireland {FRS 102) (effective l January 2019}- (Charities SORP (FRS 102)). the Financia] Reporting Standard appli¢abl¢ in th¢ UK and Republic of IrelaTh] (FRS 102) and the Cc*npanies Act 2006. 51Pa8e Si George's Crypt (A company limited by guarantee) 'I'IIUSTEES' RLPOR'J" Year end¢d Jl March 20?4 GOVERNING DOCUME]¥T St George's Crypl is a company limited by guarantee govern&1 by its Memorandum and Articles of Asso¢iation d8t¢d 20 September 2011. It ts registerd as a ¢hJrity with the ch￿ilY Commission in England and w￿eS and is a company limited by guaTantee with the Registrar of Companies. Tr membership ¢UTr¢ntly 1$ confined to the Board of Tn￿1¢¢$ however is provision for wider memFKrship. MISSION STATEME]Yr We are: A faillthe4J charity operating multi￿¢ lo¢*ions within the city of L*eds, working with the IM)meless and dgstitute lo break the C￿leS ihese people find themselves C(Ktstrajn￿ by. The charity Tuns specifi projects for those with &w￿lated i&sues such &% dn4 and a]￿h01 addi¢tions. We believe: Through dejnonstrating a ¢orin& practical faith apWOa￿ live5 can be trm%fonnEd r¢g&dl¢s5 of people's ba¢kgTouThls and circ￿5{anG￿. Wegim to: Meet the b&8ic needs of everyone in a safe, non-judgemental aThJ caring e￿Ironment Support people who are living on the streets into accommodation Help people gain sktlls aNI ¢(￿fiden￿* so that they can take an ￿tIVe role in their fi]tures Be g￿d steW￿d5 of all we receive in an open and transparent manner Enable people to make positive choi￿$ in their lifestyl4 moving towards employability and freedom from addiction Contribute towards local and wider communiti&g enriched by inclusion of everyone in those communities Build on existing partnetships. and ¢weate new effective pathrships and proje¢ts across the ¢ity to offer tailored targetfyl So1￿10n$ to Issu￿ being faced. We olTer: 117 Owned bed spaces, a further 57 managed bed spa￿. 365 days a year. Of the owne41 bed spa￿5 15 have been leased to Bexon housing lo provide commissloned services for Leeds City Council. Care. comp￿s1on and hop¢ l¥ovide a warni 2 ¢ourse meal ￿ of charge at lunchtimes 5 days a week Immediate pr*ical support in tsrn￿ of getting fed, clean￿ and ¢lothed Opport￿lI1eS lo gain skills. self-confidence and a seme of ¥hievement Place5 in which people can ¢hoose to change A fo¢us op h¢alth and wellbeingseryices to encournge client Te-engagement 61Page St George's Crypt (A company limited by guarantee) 'riiusiEFS? xEpoiI'r Yenr ended 31 Marth 2024 PUBLIC BENEFIT STA TEME]YT The Trustees are Aware of aThl have complied with the duty in section 4 of the Charities Art 2011 to have due regard to the pthlic benefjt guidance published by the Charity Commission. The Trustees believe the mission ststement satisfies th¢ Charity Commission guidelines on public benefil. In monitoring and plannlng present and fijthre ￿tivitIes. the Truslees are very mindful of the need lo be inclusive in ihe practtCAI interpretation of the mission stalem¢nt. They regularly r¢view the impaot of Ihe charity's day to day activities in In￿ling the publi¢ benefft WSL OBJECTtVEI S AND A￿]VITI￿$ In accordance with the Memorandum Artieles of ASxK1￿10￿ the key objectives are the: Promotion of evgngelism Relief of poverty. hardship. sickness and distTe5s arno￿ needy and destitute people. St George's Crypt is inspired by prnyer and provide5 profe5siona] Standards of care and support within a frRm¢work of Christian faith and witness. We are very proud of our long traditi¢Jn of speaking out on behalf of ttie most vulnerable adults within Leeds. The charity continues to engage with many of the homelessness relevant debates ￿ possible in order that St GeoTge's Crypt is represente4J that the views of our client group are heard. The Crypt operates from several locations acros5 th¢ city as detsiled in ihe Sectio￿ Strategi¢ Report. TRusfEES AND TrWIAGEMENT ointment of Trustees As set out in the Articles of A&wciation. the ¢hair of Trustees is nominated by the Board onnualty. Th¢ Dii*ese of Leeds is represent¢d by th¢ Arthd¢￿on of Leeds. who serves &s an ex offi¢io Trysl¢¢. The incumbent Rector of St George's churc￿ Leeds afso serves as an ex oificio Th]st¢¢. Board members are appointed by the Board. The BoaTd l*s an Appointments C¢)mmitte¢ which was set up so that th¢y wuld identify and recruit new Truslee ard Membershi The Board of ThL8ttts, which can hav¢ up to 12 members. is ruy)Jksible for the overall oversight of the Charity. The Board normally meets six times a year. There is a Stsnding Committee with member$ nominated by the B0￿d. A Chief Ex￿Utive OtTiGer (CEO) is appoinled by the Trustees to manage the day-tLFday operntions of the Charity together with the txadership Team. To facilitate ¢ffective operation& the CEO has delegated a￿horIty, within tern15 ag[￿d by bwste¢s. for operational matters including finance. employment and development of Strategy. The L¢adeTship Team comprises the CEO and heads of key departmenls in the Crypt. Trustee Induction And trainin Potential Trustees are int¢rview¢d by existing Trustee or Tn]stee4 and their skill sei is maiched against the charity's ¢urr¢nt needs. Once apwJint¢d. new Tmsttts undergo an iTrJuction proc¢5S to bri¢f them of the C￿tent of the Memorandum and Articles of Associatio￿ the ¢ommin¢e and decision- making processes, the cuThent strategi¢ plkn. the financial perfornjantt of the Charity and urthtlng on 71Page St George's Crypt (A company limited by guarantee) 'LIIUSI'VLS' REPORT Year ended 31 March 2024 current priorities and firture plans. During the induclion perid, the l￿W Tn￿tee meets key employees and also vislts the Crym's ¢urrent projexts aThJ location5. All Trustees are encouJ3ged to attend appropriate int¢rnal and extemal training events where these facilitoie wider understanding of their rolB. Boir(I f4qcelin The Board met 6 times during the year (2023-6). Truste¢ Slandin Committ Th¢ Standing Committee was estsblished 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 Tn￿te¢ m¢din& The St*nding Committee also reviews Board minutes prior to sign off by the Chair. Trustees, niea5urenient of 5￿C¢t$S The Trustees me&8uTe the 5u¢¢ess of the eharlty ty elksur1￿ no i>ne is turned away from the Crypt unless iheir movements are $ignifi¢antly restricted. A client'5 movement cbn be restricted by a health & safety risk to staff and other clients. beha￿ouTal constraints armi anything else Considered to be a risk The number of clients provided for is variable and dependent on many external factot5. The TTUSlees are ¢ommirted lo supporting on site health and wellbeing opportunities from the Charity's own fund4 if required for all ¢li¢nts even if over and knve contractual requirements. Relaled Pnrlies and Cokn eratlon wilh other o nis*tions All Trustees are indi*idually wp)nsible for ensuring that theTr register of int¢r¢sts reflects current commithients and Trl#tionships. They ¥t xlso reminded- along with members of the L￿ershIP Te8m - to disclose on the registerof inteTests all rel4ted patty connectio￿$ tncluding membets of their family. Kt ement Personnel Th¢ Trusl¢¢s independently benchmth and review the pay and remurmtion of Key Management P¢rsonnèl in order to ensure that the pay and benefits are still competitive within the sector and local mark¢tplac¢. Pastoral Work Revd Roger Quick seTved as Crypt chaplain aNI Di(*es4n ¢haplain to the homeless until his retiTemeni in November 2022. The positi(bn renmtned advertised and vacant through the Test of thB fU￿nCial year. How¢v¢r, in August 2023. the chariry welcom￿ Andy Muckle to this positiott. 81Pège St George's Crypt (A company limited by guarantee) 'rRUSI'EESp) IIEI>ORI' Yeai. ended 31 March 2094 STRATEGIC REPORT The Trustees review sintegy every five years in order to ¢nsuwe that it remains appropriate and Televhnt and consistent with the charity's objerfives. The end of the previous five-year cycle coincided with the Covid pandemic. whlch caused a fijndamental reassessment of strate8y for the next five years. This re￿eSsMent h&s been completed and a new strategy is in place. In developing the new Strategy the Chartty has had to take into account new accommodation standards a5 required post co￿d, with a reduction on dorniitory styl¢ bed spaces. This has involved providing services at new properties provided by Leeds City Council, ryurp05ing existing prowties owned by the Crypt, principally the Crypt itself, and co￿81dering how to add to the limited stock of suitable properties available in Leeds to meet the needs of th¢ Crypt's CUT￿1 and future clients. The Trnstees are confident that the Crypt Wbll remain at th¢ he•t of homelessness servie¢s in the City of Leeds a5 it has done for almost 95 years. ACHJEVEMEP4TS AIYD PKRFORMANCE (Is detAiled on the SnApskn¥Jt ofour Year Intr ucti St Georges Crypt ￿jd8Cts to cover its coFe services from re¢uTTing income and regular fundraising without rec4)urse to legacy Income which. when reteived, is used either to fiirther develop core seryices, and l or to fund major projects. Th¢ Crypt was very fortunate to receive legacie5 of £77.885. The Cryptenjoys the support of Lee¢ts City Council with ¢ontra¢ts in place for Overnight Cenlre, 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 eharity has continued an additional contract with Departmeni for L¢Y¢lling Up. Housing and Communities (DLUHC) io provide additional bed spaces within the city of Leeds. Links with Housing Options at Leedg are very important in creating good option5 for clients in wnoying on from the Crypt. Crisls A¢¢ommod#lion During the past year, the Care Centre COntin￿d its Core w(*k of providing a r8nge of seryice5 for homeless and di5¢011nect¢d people. There w¢re a totsl of 42JlJ) (2023 - 40,150) bed spaces occupied during the year. . The charity now operates S emergency accommodation residential facilities that principally fLKus on crisi5 a￿MMOdatiO¢) for kKopl¢ in need of emergency &commodation. Clients 8r¢ requir¢d io engage with officers from Leeds City Council in seeking suitable move on a￿0mMOdation whBn ready. These r￿llitieS are: The Care ¢entre {27 bed spaces) is situated in the Crypt u￿Ierneath'St George's Church in the centre of Lee￿ and woiks in close PArtnership with Leeds City Council and also the local NHS hospital trust (in th¢ c&se of the latter. ihrough funding three of these beds for peopl¢ dixharg¢d from hospital at risk of potential homelessnes5). 91Pa8e St GeA)rge's Crypt (A company limited by guarantee) I'IiU.s'ri, bb, REI>ORI" Yeai. ended 31 N44iirh 20?4 Kirkstsll Lodge is situated in Kirkstall, Leeds and offers 9 individual supported units. Kingston hotel is situated in Woodhous4 Lee415 and room a¢commodation in & fomier hotsl for UP to 24 individuals. Clarion 15 Situated in KiTkstall, ikeds and Offe￿ 9 individual supported units. A5hlar House is situated in Potternewton. Lteds and offeTS rooms for 15 indivlduals. Regent Lodge is a supported housing projert fimd¢d as & ¢(rtnmission¢d suvi¢e by Leeds City Couneil to provide accommodation and sllp￿rt to residents with a history of heavy alcohol dependency. The s¢heme lo¢ated in Hyde Park. Leeds affryd$ 14 clients the ¢)pporiunity of being &¢commodated within a safe and regulated envimnment and seeks to work with residents to ￿gin to control their drinkin& Don Robins House Don Robins House is o puryx)se-iwilt acwmmodation blwk of 24 supp)trW fl&ts located in N¢w Wortley, Leeds providing movtron aC￿M￿rXI&ti0n. The sch¢m¢ comprises of 24 self-contsined flats (18 one bed 6 two bed). including six unils which aTe adapted for disabled use and aimed at tenants who have demonstrated that they are Teady to mov¢ from emergency a¢wmm(Mlation. to greater levels of Stability and independence in tt*ir lives. eal Provision Food donations have remaÉned a vAta] of support for the Crypt in the pa4t yeara we continued to receive g very generous Supply of tIDS WMI packets of notFperisbable fI￿￿j items. Partnership5 With a ronge ofhigh street supertnarkets hgs provedvery S￿¢*$SfUl. We estim*te 19,836kg (2023-102.OOOk8) of food has be4n preV¢fit￿ from going to landfjll due to our p8rbierships. The charttable catering function sery¢d a trrta] of 38.664 meals (2023 - 39.312). That represents a daily averdge of 106 meals (2023 - 108). This wa% provided v¢a a walk in lutKhtime hoi food provision (5 days a week) and rneals for residents at two of ihe ¢ontracted services. Heglih *nd Wellbein Activities are under regular review to enswe that the opprtwiities remain relevant. but tend lo f(xus on health and wellb¢ing and re¢￿tional a¢tivilies for our client ￿0Up$. Groivbi Room8 The successful Growing Rooms project led by a recovering addicl continues to be fully utilised with parti¢ipants provided with a comprehensive recovery programme, which include5 classToom based therapeutic group workshops, 1-2-1 Sessio￿ and days a week voluntsry WOTk often based in the Crypt. The training centre at our Conference Road site is a pwpose4Juilt setting to hold these meetirtgs. We have four, four bed residential houses and a further 4 bed Flat pwchased to support the Growing R(MTrms programrne. There are addilionally two flats which Co￿bIned to a]low for 22 clients. Addition81 flats are available &$ movtron accommod￿10￿ aiK>V¢ th¢ Town Street Shop for 3 clien IOIPage St George's Crypt (A company limited by guarantee) 'I'IIUtil'EES' REPOR Ye4lr elided 31 March 2024 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 io the bank $tsff rota for placement at the retsil Shops. The Crypt ran Ihree charity shops, l(Kated on Town Stree¢ Armley. Church LaK P￿lSeY atKI Street Lane. Roundhay: all within the Leei]s districL Since the yeaT•end. they have opened a fourth shop on Queens Street, Morley. E￿h shop is designed to s¢rv¢ lh¢ local community and promote the work of the Crypt and give volunt¢tting opportunities. Fundraisi Th¢ Crypt has a separnte in-house futmlraising department with resp)sk4lbility for developing and implementing fundTaising Strategy. The Crypt adopts the Code of Fundr8ising Pra¢tic¢ and is regulated by the Fujmtraising Regulator. The . main asw of The CLNle &% applied by th¢ Crypt include the following:_ Approach io fundraising: Tr Tn&eos will Th)t us¢ a professiona] fundraiser or commeTcial participator to Rpproach any prospective donots aiM)Ut supporfing or giving mon¢y to St G¢orge's Woi'k of, any ¢oiiimercial arlici ators or rofe55iollal tundrni ony commercial partlcipatOTS or professional fundrrisers. .. The Crypt does not w(￿k with Fundraising complaints: The Crypt has nrt received any Mmplaints regarding its fundrnising tivili&s, Proteciion of rhe public. including vulneT8ble people. froni unreasonable intrusioii on a person's privacv, unreasonably p:rsistenl approaches or undue pressure lo give-. The Crypt does not 'cold call. members of the public on any fundraising campaigns. GraeeLodot rormerl known 43 Fgilh IA)d The Crypt retains the freehold to this pror*rty. but management passed to Beacon housing to provid¢ commissioned s¢Thice for Ixeds City Ci)uncil. Pal't￿e1.$hl The Crypt continues to look io strengthen existing partsjerships and to build new opportunities for joint working. Significant examples of our partnerships include Leeds City Council. Leeds Beckett Utliversity, NHS, Crypt Factor and the joint Big Sleep Out fimdraising event with the Leeds Rhinos Foundation and St Gemma's Hospice. Soclgl medi The Board has continued io r¢cognise that s￿la] media is a SI￿lf￿￿1t methTrl of communicating present needs and topics lo the wider world. Marketing actiyities therefore incI￿le social media (¢m&il. IIIPa2e St George's Crypt (A company limited by guarantee) I'R'LISTEES? f4 EPOR'I. Yeilr ci)ded 31 March 2024 Facebook. Linkedln and X (fornherly Twitter)) leafiets and poster5. If these xtivities are exp&￿I¢d in the futwe any additional marketing &¢tivitie5 will be undertaken withiTY the guidelines agreed and r¢coinm¢nded by the Institute of Fundraisi￿ the FEuKlrAising Regulator and the Charity Commission. PRINCIPAL RISKS AND IINCFRTAINTIES The ¢entral risk registers are subject tr) annual rcviv*V and managers are required to monitor specific departmentsl risks. The Board 1$ satisfied that risk management is appropriate that finan¢A&l systems and controls are in place proportionate to the si7£ of the charity and tothe type of operations. The charity also prioritises hea]th and safety. stsfftraining and saf¢guaTding. The charity has introduced systems to ensuT¢ that it is complying with GDPR regUl￿10nS. During the y¢ar* principal risks and u￿￿rtaIn(l¢s were: Conlinuing competition for¢haritsble funding and pressures on public fundin Conlinuing pressures from cli¢nt group PTesenting with a wde range of Ghallenging behoviours and issues. In¢re&sing number of clients in significant financial distress due to being Sanction￿ by the local authority and. In¢r¢a8ing needs and nUM￿rS prtsenting pressures on Crypt's infr&structur¢. The ch￿lty h&8 considered the followingas are8s of risk: Future of local governmeni fimding. Reduced donations. Polentiai chang¢s in legislation relating to employment and equality. The impact of exten￿] frdctors such &8 the COVI[￿7 9 pandemic. PIANS FOR FUTURE PERIODS The Trustees will consider options to ¢arry fiu11￿ developments to progre55 th? Crypt's key objectives. The Crypt will ¢onlinu¢ to work with Leeds City COU￿11 and Part￿r9 to Yddress the urg¢J)t needs of th¢ home1￿ in L¢eds. The Trustees will continue lo keep the Crypt's IT systems under reviewto eTL5ure that the charity is fully up to dafr with hardware and software which ensures optimum performa￿t and efficiency. Furtt￿r development of HR system$ in pofinership with Wirehouse are ongoing. All IIR systems and policies will continue to be reviewed and updated as necessary And the Crypt will strive, through the "Up aAI Up" process. to become a leading ¢harity partttr in HR best prxti The Crypl's retail strotegy remains a key part of our operation& and this straiegy will w)tinue to be under review to maximise revenue generation. The ¢lwity's health and wellbeing agenda continues. with our partnethps with Vision Care for Homeless Peopl4 Dentaid and IKeds Beckett University for physiother3py all being active. IZIPage St George's Crypt (A company limited by guarantee) TIILI.SI'EFS' RP_POIi'J' Ye4ir e.nded 31 March ?0?4 FJNANCIAL REVIEW Summa Overall. the Charity h&8 experienced a sAtisfa¢tory year An view of the challenges it faced. TotAI income for th¢ year was £4.817k cAmipAred kn £4.529k in the p￿VIouS year. The in¢reas¢ of £288k was mainly due to lldditional ¢ommissioned servi￿$ aNI &s$r￿lated housing benefit payments in the year al £2.603K compared with £2.156k in the previow4 year. Trgding inc(¥he also perfornied well with total i￿orn¢ of £584k versus the ￿lor year's £573k Total expenditwe for the year was £4.668k crAnp¥ed with £3,877k in the previous year. Costs were los¢ly mBnaged 1hrough0￿ th¢ year but property related costs increased due to the incrwing number of sjtes. associated utility costs and inswance costs of these site5. Staff wsts incr¢ases were incurred as th¢ charity took on more proje¢ts. increasing the si7£ of its Horkforce. and moved to pay the 'Living Foundation Minimum W8g¢' as its lowesl wage. The charity also extended its reach with additional services that are planned to be1053 makin& but setve ihe chgrities aims. As a resuJL nel Surp1￿8 was a CTeditable £187L a reduction of £468k from the £651k in the previous Cash and wh ¢qulvalents in￿e4Std by £212k Trn th¢ year prethminantly due to the in¢reas¢ in housing benefit income. The Tincl il fundin sources are as follo Charitable donatioAs Supportsn8 People wts Housing benefit Retail and trading irKome Legacies Pricin Polie Sho The pricing policy in the shops broadly ￿t￿OnSe5 dottated gc&$re￿iveO intothe followingcategories. which then deterniines the sale price:. Brdnd donated items with original sales tags are prictd at half its retaTI prirx. Go￿1 &s n¢w donation5 are priced in a¢¢Ordan￿ with local shop Conditio￿8. Older well donations arB priced at a frxtioll of the original price. Antiques are r￿arched to establish right Pri￿ guide foT sale either in shops or eBay. Stock that h&s Nt soLd after two weeks will be r¢duc¢d or moved to a sale rail or pri)motion ar¢& Donations not sold within a month are placed in a bargain bin prior to recycling. Food Doiiafions The Board bEliev¢ itis notwssibleto pla￿ an accurate figure on the va]ue of donaled food to the Crypt. Their best estimate of the cost to provide a meal is Sop. Applying this estimate to the number of meals produced in the year of 38,664 (2023 - 39J12). an estimate of the value of food donations in the y¢8r is £19,332 (2023 - £19.656). The majority of food donation5 re¢¢ived would have previously gone to 131Pa@e St George's Crypt (A company limited by guarantee) I'II'USry'EES' ]iLI'ORT Yc&r ended 3J Mgrcli 2024 land fill sites etc. Consideiing that this value has iren eslirnated, the Board do not wish to refiect this value in income and expenditure. Volunteers The chtrity appre¢iat¢s the input and Contribution of volunteers who mak¢ on enormous contribution towards so many aS&￿ts of the Chariry's ongoing work Reserves Pollcv The Board have resolved that they seek to hold btheen a minimum of three aTrJ a maximum of six months, running costs in free res¢TYeS at the end of any one month. Free rewves comprise assets that can readily be realised to fund the general activities of the Crypt less creditors ass(￿lated with fixed assets less current liabilities. These reseryes are held io bridge the gap be￿een the spending and Teceiving of funds. At the end of the fInW￿l￿ yegr. free reserves totalled £978k with average monthly expenditure of £389k 8iving Crypt resetves of 2.5 months. The Boord 15 tonfident that ihe charity will Ccthtinue to have $uffi¢ient resourt& to fulfil its day to day commiknents and is aware that re5eTves are sometimes Tequired to bridge the gap betww ¢xpendi commitments and receipt of income orto c￿ver unplanned anergency repairs or capital purch￿&8. Th¢ Trustees believe that the tharity retnains • goit)g conC￿n os li has a mixtwe of in¢4>me streams i￿]udIng donali0￿ and I￿al authority ¢ontracts for delivery of some ho￿81￿8 support s¢rvi¢¢5. The TnLStees have a fmance update at each meeting which irKludes the current period's manag¢ment accounts pack detailing the year4￿ddle $urplusldeficit versLLS budget. ba]atKe she¢l, restricled funds income and eX￿nditUTe. cash flow ond vaTign¢e5 to1&8t year's incom¢ and ¢xpenditure. Invcstmcn¢ olic Under the Mem0Tand￿l and Articl￿ of A5￿￿latiOn, th¢ BoaTd have the power lo make such investments as they deem fit in a¢cordance with charity policy. The policy is to adopt a risk av¢rse strategy based upon maximisinB ijKome at n)inimai risk The Boatd review their policy as part of regular scrutiny of practice& Aiiditor The auditor. Azets A￿lIt Services Limit￿1, is deemed to be r¢appointed w]dw secticfft 487(2) of the Companies Ath 2006. STATEMENT AS TO DJSCLOSURE OF JNFORMATION TO AIJDITOR The trwsl¢¢s who were in office on the date of approval of these financiat slatements have confLrn)ed. &s far as they are aware. that there is no relevant a￿lit infoTmation of which the auditor is unaware. Each of the Trustees havc confirnied that they have taken all the step5 that they oughtto have taken as Trt￿teoMr Year ended 31 Mairh 2024 STATZMENT OF TRUSTEES, RESPONSIBILITIES The trustces (who are also directo￿ of St George's Crypt ftir tk pwFN)ses of company law) are responsibl¢ for prtparing the Trustees. Annual Re￿tt. Strategic Report and the fmaneial statements in aC￿rdAnCe with applicable law and United KingdomAccounting St8ndards Iunited KingdomGenenJly Accepted Accounting Pradi¢e). CompAny law requires the trustees to prepare financial statements for each financia5 year which give a true and fairview of th¢ state ofaffairs of th¢ ¢h*iiable ￿1panY of the income and expenditUTe of Ih¢ charitable company for that period. In preparing these financial statements, the trustees are required to: seled suitsble accounting pollcies and then apply them consi￿ently5 obserye the methods and principles in the Charities SORP; make judgements and estimates that are rwonable and prudent" stste whether appii¢able UK Accounting Standards have been followe￿ subject to any material departures disclosed and explained in the financial statements" and prepare the fin￿rIal $￿ements on the going concern ba5xs unless it is inappropriak ￿ presme that the Charitable Company will Continue in bu5ine&s. The tn￿teel Ire responsibl¢ for keeping prop¢r ac¢(Mthting rewrds that dis¢l(tt with re&8onabl¢ accurdcy al any time the fina￿la1 ￿5]tion of the charitable u)mpany and enable them to engure that the financial statemet)ts ¢omply with the Companie5 Act 2￿6. They are also resp)nsible for safeguarding the a55ets of the charitable company and hence for taking reasonable steps for i]K prevention aTrJ detection of fraud and other irregulariti￿. In apyrovin8 the Rep(rt are a]xfy 4V0vi￿ the Strategi¢ Rep(rt tlwein in their ¢apaeity as comp*ry directorg. By order of the LK>ard Jane Dutton Chair of Trl￿teeS Date". 2011212024 151Page St George's Crypt (A company limited by gua￿tee) Ir4DEPEI ]YDENT AUDITOR'S REPORT TO THE MEMBERS OF ST GLORCE•S CRI'PT We have avdited the financial stateTnents of St George's Crypt (the 'charity') for the year ended 31 March 2024 ivhich compTise the Statemenl of Fina￿1￿1 A¢tivities, the Balance Shee¢ Statement of Cash Flows and notes to the financial statements. including a summary of significant accounting policies. The financial reporting framework that h&8 been Jppli¢d in their preparation is oppli¢able law and United Kingdom Ac¢ounting Standards, including FRS I Q2 Tr Financial Reponins Standord appli¢able in th¢ UK and Republic of Ireland" (United Kingdom Generally Accepted Accounting Pradi¢e}. In our opinion. the financial Stydtements: give A true and fair view of the state of the charity's affairs &$ at 31 Ma￿h 2024 and of its income and eX[Kndi￿[e forthe ye#T then ended; have been properly prewed in ￿¢￿danc¢ with United Kingdom G¢nernlly A￿epted Accounting Practice. and have ixen prepared in accordanrz with the Tequirements of the Companies Act 21WJ6. B*sls for opSnion We ¢onducted our audit in Accordance with Intemational StaThlards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilia¢s under those standards are further described in the AuditDr's responsibilities for the audit of the financial statements section of our report. W¢ are I￿1¢1￿nd¢n1 of the charity in accordance with the ethical requirements that aTe relevant to our audit of the financial alements in the UK. including the FRC'S &hica] sta￿ and we have fulfilled our other ethical responsibilities in accordan￿ with these requirements. We believe that the audit evidence we have obtained is gufficienl and appropriate to prnvide a basis for our opinion. Concluslon5 relating to going eoncern In auditing the financial statement4 we have concluded that the Trustees, use ofthe goingconcern b&sis of accounting in the Preparation of the financial ststemcnts is apprnpriats. Based on the work we have wfome& we have not id¢nlifi¢d any malerial uncertainties relating to eYeDts or conditions tha( individually or eollectiyely, may cast significant doubt on the group's ability lo continue us ¥4going ¢on¢¢rn for awiirtl of at least ttyelve from when the fin￿ClaI statetnents are authorised for issu¢. Our reswnsibiliti¢5 and the resp)nsibilities of the trwstees with r¢$￿1 to going con¢ern are d￿cribed in the relevant sections ofthis retKKL 161PaBe St George's Crypt (A company limited by guarantee) INDCIPEf4DEI NT AUDITOR'S REPORT TO THE MEMBERS OF ST CEORCE'S CRY.Iry c)the.r inforniatiii The tr￿l¢c$ are responsible for the other infrnnalion. The inforniation ¢omprises the inftsrniation included in the Tr￿ste¢S. Report and Fin)n¢ial Statements, otheT than the fin9n¢ial Statements and our auditor's report th¢reon. Our opinion on the financial stat¢mtnts does not cover the ot￿r infonnation and. exc¢pl to the extent otben¥ise expli¢idy stated in our rem we do not express aoy forn] of aSSUTanc£ conclusion thereon. In Connection with our audit of the firtanc1￿ statements. our responsibility is to read the oiher infDmir4tion anl in doing 50. Consider whether the oth¢r infomation is M￿triallY inconsistent with the finan¢ial statements or OUT knowledge ￿aIned in the audit or oth¢rwi5¢ appe￿$ to be materially misstated. If we identify suth material inconsistencies or apparnit Materi￿ misslat¢ments. we are required to det¢rniin¢ whether there is a mat¢rial rnisstatement in the fin￿¢14] statements or a material misstatement of the other infomiation. If. based on the work we have perforn)ed. we con¢lud¢ that Ihere is a moterial mi55talement of this oiheT inforniatiory we are required to rel￿ that facL We have nothing to r¢wrt in this reg* Opinions on other mitters prescribed by the Companies Act 21106 In our Opinio￿ based on the work Undert￿eTr in the course of the audit.. th¢ infonnation given in the Trust¢e5' Report which indud¢s the Strategi¢ Rep)rt and the Directors. Report prepared for the puryN)ses of company law. for the financial year for which Ihe fin8ncial statements are PT¢pwed is consisteni with ihe financial stal¢ments" a￿1 lh¢ Strategic Report and th¢ Dire¢tors' Report Ind￿led within th¢ TTUStees' Report has been PTepared in aCCorda￿e with appli￿1¢ legal requirements. MAtters on wbieh we *re r¢quirtd to report by exc¢ption In light of the knowledge ar￿ understanding of the clwity and its environment obtained in the course of the audit, we have not identified rnalerial mi5Statemenrs in the Strategic R¢wirt or the Di￿lorS. Report included within the TnLStees' ReporL We have nothing to report in resp￿1 of th¢ following matters in relation to which the Companies Act 2006 requireg w lo report to you if, in our opini4)n: adequ*¢ and proper accounting records have not been kepL OT returns ad4uth for our audit have not been received from brnnches t￿1 visited by us. or the finanetal statements are not in agreement with the accounting recor& and retwns; ( certain disclosures of truslee5' remun¢ralion specified by law are not made. or we have not re¢eived all the inforniation WMI explanatio￿% we require for our audit. 171Page St George's Crypt (A Cornpany limited by guarantee) INDEI PEP4DENT AUDITORJS REPORT TO THE MEMBERS OF ST CEORGESS CRYPT A*t4PUn51bilitie5 i>fTruslees As explained moTe fully in th¢ tn￿ttrs' responsibilities Stat￿en¢, the trustees (who are alsothe directors of the charitable wmpany for the purposes of ¢ompany law) are rBsponsible for the preparation of the financial statements and for ￿Ing satlsfied that they give a true and fair view, and fol suoh internal control ihe trL￿￿8 detern11￿ is necessary to enable the wepwation of finan¢ia] slatement$ that are free from mat¢rial mis5tatemenL whether du¢ to fraud or error. In preparing the financial stst¢ments, the trustees are responsible for &ssessing the charity's ability to continue as a going ¢otKem. disclosin& as applicable. matters related to going concern atid using the going cryjcen) basis of ac£ounting unless the tr￿Slee5 either intend to liquidate the charity or to cease operations. or hav¢ no realistic alternative but to do so. Audittsr's responslbilities for the *udlt of the fiDand•l sl*ttmtthts Ourobjectives are lo obtain reasonable assurance alx)Dt whetherthE financial statements a5 a whole a free from material misstslemenl whethtr dlbe to fraud or error, arNI to i&fjue an audilor's report that includes ow opinion. Reasonable assurance is a high level of assurance, but is not a guarantee an audit Conducted inaccordance with JSAs(UK) will always deted amaterial misstatement when it ¢xists. Misslatements can arise frorn fraud or error are Considered material if. individualty or in t aggregate, they could reasonably b¢ exFrtted to the e¢momic decisions of t8ken Dn the basis of Ihese financi81 statements. A fi￿h¢r description of OUT rrsFoTh%ibilities for the audit of the finan¢ial statements 1$ located on the Finan¢ial Reporting Council's website at www.frc.or .ukl2uditOi￿reS onsibilities. This description fomis part of our auditor's report. Extent ¢0 wbleh the audit was considerexl capable ofdeteeting irregularitie4 includifyg fraud Irregularitie5, Including frnud, are InSta￿S of nonrfompliawe with laws atxl regulations. We design procedures in line with our resp)nsibililie4 outlined above and on the Financia] ReportiThg.Council'g website. to detect material misststements in respect of irregularities, including fraud. We obtaln and update our understanding of the entity, its athivitiés, its control environment, and likely future developments, includTng in r¢lation lo the legal and regulatory fr*nework appli¢able and how the entity is complying with that framework. Based on this understanding, we identify and assess the risks of material fflisstaiement of the financial staternents. ￿￿ther dts¢ to fraud or error. design and perforni audit wocedures responsive to tl¥)se risks, and olknin audit evidence that is sufficiwi ard appropria1¢ 181Pa8e St George's Crypt (A company limited by guarantee) INDEPEf4DEYT AUDITOR'S REPORT TO THE MEMBERS OF sr CEORGE'S CRYPT to provide a b&sis for our opinion. This includes consideration of the risk of acts by the entity that were contrary to applicable laws and regulation& including frI￿A. In response lo the risk of iTregularities and noTr¢oohpliance with laws a￿1 Tegulations, irKluding fraud. we designed prO￿dur¢S whid) included: Ey4uiry of mana8em¢nt and those clwged with goVerna￿e around a¢￿al and pol¢ntial litigation and claims as well 18 actual, suspected and alleged frnud. Reviewing minutes of meeftngs of those charsed with governance. Awssing the extent of compliance with the laws and T¢gu]atiorL8 ¢onsidered to h8v¢ a direct materia] effect on the fJnan¢ial stAl¢mentS OT th¢ Operatior￿ of the s¢xiety thTough enquiry and inspeLtio R¢viewiDg fiDan¢181 ststement disclosures and testing lo supportiog do¢umentstion to &sse55 compliance with applicable laws and r¢8ulalions: Perforniin8 audit work over the risk of Mar￿geMent bi&s and override of ¢ontrol& in¢ltsding testing of jouma] ¢ntri¢s and other adjustments for appropriatenes& evaluating the business rational¢ of significant transactions outside th¢ Dom)al cOu￿e of business and ￿viewing a¢¢ounling estim*eS for indi￿01$ of potential bias" and Perforniing audit work over the timing and reCo￿ltiOn of inc(xne al￿ in particular whether it h&4 b¢¢n rectyded in the corre¢t a¢counting period. Because of the inherent limitstiOT]s of an audit. there 18 a risk that we will not detect all irregularitie% including those leading lo a material misstatsmenl in the financial siatements or noTrcompli8n¢e with regulation. This Tisk increases the more thac complianr£ with a law or regulatioll is rernoved from the events ond tran5artious r¢fl¢cfrd in the financial statement4 as we will be less Itkely to become aware of Inst￿￿e5 of noJFcomplian¢e. Thc risk of not detecting a material misstatement resulting frorn fraud is higher thon for one resulting from em)r, a8 fraud may iMvolv¢ collusion. fotgery. intentional omission4 misrepr¢s¢ntatLons. or the override of iniernal ¢ontrol. Use of the audit report This report Is made solely to the Charitable Company's members as a body tn a¢cordan¢e with Chapter 3 ofpart 16 of the Coms>ani&8 2006. Our audil work has been undertaken $0 thai we might state to the Charitable Company's members those mallers w¢ arv requir¢d tr) stal¢ lo them in an audltor's report and for no other piirpose. To the fllllest ext¢nt pernjitted by law. we do not accept or ass￿¢ responsibility to anyone other than the company aJKI the Charitable Company's Membe￿ a$ a bcdy for our a￿lIt worK for thts report. or for the opinions we have forni¢d. Jessica Lawrence Senior Statulory A￿ltOr For al￿ on b¢half of Azets Audit S¢rvice5 Limited 2311212024 Chartered Accountants Statutory Auditor 12 King Steet LSI 2HL 191Page St George's Crypt (A company limited by guarantee) S'I'A'I'LMbN'I' OP FINANLIAI. AC-I'IVI'I"IES UNICORPOJiATING THE INCOME AND EXPEhlDITURE ACCOUNT) for the year ei)ded 31 March 2024 TO￿ fix As rejtated Tthal 1023 INCOME IJ03h93 584513 12S.451 1.429.144 554513 42.955 1.7602J4 4.116,846 1ffi57.517 5T1.901 11,786 2287.162 4￿29?56 OthÈtYradin8Atb**i¢% Invtsunerfs 119.971 TOTAL tNCOME 4.571.424 245.422 EXPENDIIURE ON 515.486 3.846.191 4J61ffl 515,486 4,153.075 4.668561 310J99 3536J72 3￿6￿$4 TufAL EXPENJ)nvRE 3.876,771 209.747 161.462) 141285 652565 (991 39205 {1.356) Reoli5Ed8BM onJalgoffixEd &5 L¢MS¢ndi5eontir￿dwat￿1￿5 39305 248,151 161.4621 IB7J 651209 NETMOVEMÈNfJN (61.462) It7.389 6512Qg fimthbrwl4 {asre*thd) 1.752.405 26BJ88 9.￿￿1.393 8370.184 TOTAL FUNDS CAllR￿D FORWARD 93 The Stat¢menl of Financial Activities includes all gains ¥nd loss¢s in the year. All income and trApendittwe derive from continuing activities. A fully detailed comparative ststem¢nt of filla￿la1 activitie5 for the year ended 31 March 2023 (os restated) is shown in not¢ ￿ of the fuw)cial statements. The Ststement of Finan¢ial Activities also Compli￿ with the requirements for art income and expenditure ￿¥Unt und¢r the Compfini&s Ad 2(K)6. 20IPage St George's Crypt (A ￿MpanY limited by guarantee) BALANCE SHEfT As al 31 Mlliel) 2024 Regisiered Conii)aiiy No. 07780402 knas2024 T•tsi fiJnd*2023 12 11115,794 7.758 7.867.950 7.859 lrtvestmerts 7 B75 819 15 501,195 2,757,169 666,827 2575.172 CREorroRS.. Amollrts &Iliu&d￿Wlthin0w y 16 ($34￿6) 138IN261 NETCUJiRElffAS8Frs TOTAL ASSETSLESS CiJRREtff LIABILITIES 10,736.782 CREDITORS: lfitrmo￿ ye•r (iJ76.168) 11.715J89) ASSErs 9021 393 R•striEted 1%￿d5 UnrE51ri¢led fiThb-dEYiw¥J Unre41ri¢l￿ fwdJ-8tn¢Tri TOTAL CHARTfY FUNfx8 268.988 581,000 8 171405 591 902139) Th¢ not¢s on pages 2344 form part of these fina￿la1 statements. The fina￿181 statements wereApproved by the board of truste￿ and authorised for is5u¢on. 2011212024 and sI￿d on their behalf by: Jane Dutton Trustee Pickup Tru￿¢¢ 211Page St George's Crypt (A company limited by guarantee) SI"A'I'L.N4ENIT or CASH PLOWS roi. Ihc yeai. ended 31 Mai'cli 2.02.4 Totsl f￿Vj5 2023 ¢￿b knlkiws fyw*Oper*llDEAtllvlll*s Nel income ￿t01t otherTetWA5ed 8au>5•wJ DtwcEiatiDn Profil dis￿ o(wea* fixed LOSS￿ a￿￿￿7 ofiM**W 187.389 224.957 139,2051 652565 41955 Loss on invEkncnt IkcruR in dekns In¢re•S￿(I￿￿1lts ¢rtditws 157.932 85J40 28.304 121.7421 884.(Y)6 655*.469 Clth •st4 Ill iovoi15¥ xlivSlbH Tnte¥tst A dividwyjs i¢ceTh*d 111.786) Pror S(ynething which is reviewed annualty. 261Pa8e St George's Crypt (A company limited by guarantee) ACLOUN'fiNG POLICIES Foi. Ili¢. year e41ded 31 Mai'c]1 2024 LeEa¢les Legacies aTe r¢¢ognised as inwe when wobate h¥s been granteA], the chwity has established its entitlement lo the funds, sutTicient infornialion is available to allow il to m¢asure its entitlement and where a noti¢¢ of payment has been received. ZIIPaEe St George's Crypt (A company limited by guarantee) NOTES TO T14E fiNANICIAL STATEMENTS l-oi. the year elided 31 Mareji 2024 DONATIONS AND LEGACIES X re#lattd Ilpr4slYirlt IlJ24 Roslrirtld 2ts24 Tr*tsl 1024 Il•nsirfrird 2023 2fy2J 21123 in¢lthlir¢ Gift L£gxie5 Grdrfs 1.138Jfl) 77J85 $7548 IJ03h93 39.IL15 1.1Tr.366 Tl,815 173,193 850297 128fi43 90959 I￿9￿99 4>1￿)1 1.282.198 121.643 246.546 1&57,387 155J87 s￿.481 125.451 Truslee donations itKluding gift aid tolall¢d £3,750 (21r23- £3,746) dwing the year. Donati0Th8 above includes £191,593 (2023 - £164,708) of don&ted goods and ser4ices whtch has been recogDised in b)th income and expenditure. OTHER TRADING AcfJvJTIL8 2024 2023 Shop and Nurture income 584513 584513 572.901 INVESTMENTS 2024 2023 Deposit xcount interesi Dividends 42.955 11.667 119 42.955 CHARITABLE AcrtVITIES Ilnre5trirtr RestYTettd 2024 T•tsi 2014 IlTrrttlrfrkd 1023 RtJlrlr￿J IlJ23 T•tftl 1112) 2024 IS6￿2 It1￿18 127.018 2.483J61 16033J2 1156241 2.156241 )IPa8È St GeorB¢'8 Crypt (A company lit))ited by guatanle¢) NOTES TOTHE FINANCIAL STATEMEwrs Fov the year ended 31 Marth 2024 Pt•rtyC*v JJ (IEJ IMJSI) 5AQ)I I>XTh6 21291 &.1J5 2115) 19fft] 36L 8vrpwum 61* iy2J• iy 4JD6 145 4•3* 11 si3 *5 9) 75J '.17J57 S1.nJ ¥JM3 lJ45).9 411J13 311P2xe St George's Crypt (A company limited by guar8nte¢) NOTES TOTHEF]NANCIAL WATEMENTS Forthe y￿ended 31 Kat¢h 2024 Alv1 157 155 SUPPORTCOSTS I9￿5 4l*l SJJS umy 15. Il67 17 g>IPa8e St George's Crypt (A company limited by guarantee) NU'1'bS'I'I)'fH￿ I."INANLIAL S'I'A'I"EMgNI ror the Jieai. elided 31 March 2024 GOVERNAliCE COSTS 2024 2023 Auditor's remunernlion for: Audit services Non audit services 15.000 14.530 29,530 13.850 10.500 'IET If4COME roR THE YEAR 2024 2023 This is slated after charging: Depreciation Auditor's remuneration Operating leasE rentals-property 224,957 15,000 213.184 10,500 TRUSTEES, REMUNERATION AND BENF.FITS There was no tr￿ste¢s. Temuneration orother benefits for the yearended 31 MaKh 2024 ￿r for the year ended 31 March 2023. 10. EMPLOYEES 2024 2023 The average monthly number of ￿[So[L% employed by ch￿lty durin8 the year was: Managers Socia] ¢are staff Administrative staff 12 64 14 89 14 98 2•24 2023 Staff costs foT the aknve p¢rsons: Wages and salaries Social Security Costs Pensions costs Benefit in Kind 2,523.696 235.248 54.636 12.498 2.826,078 1.942,292 173.053 37.931 10.955 2 166 231 There We￿ two employets whose emoluments eXc￿ded £60.000 (2023 - two), one in the band £70.1)00 - £80,000 (2023 - one) and one in the band £80.1)00 - £90.(X)0 (2023 - none). The tKadership Team (which ¢i>mprises those individuals listed within the Le￿ershiP Team dis¢los¢d on page 2) remuneration, including gro55 pay. employer's pe￿%10￿ ¢ontributioAs. ¢mployer's rthtiond insura￿e contributionq and benefits in kind, during the year t¢)talled £629.389 {2023 - £566.375}. To ensure better communication between departtnenls and improved succession planning wsthin the Ch￿lty. the management struciure incorporates 9 Heads of Deparknent and 2 Executives. 341Page St George's Crypt (A company limited by guarantee) NU'I'ES J-O'I'.HH PINANC'IAL S'1'A'I'EMgN'I'S roi. thc )Jeo1' elided 31 hiaich 2024 TAXA TI.ON As a charity. Si Georg¢'s Crypt is exem Act 2010 and on gal￿ falli i from tax on income falling within Part I l of the Corwjration Tax within s46 of the Taxation of Chargeable Gain5 Act 1992 to the extent th8t these aTe applied to ils charixie objectives. No t&x chaTg&s have ans¢n in the charity. J2. TA TrIGIJILE FIXED ASSF.TS Fixlures. Fillings ap Equipment Le￿chold lJnprovem6nl$ Freehold Pn)perlies Pl¢thl Ma¢hinery Tolals At 31 March 2023 Additio Disposa15 Af 31 March 2024 1,433,702 22.171 7J70.933 410,741 112.424 7,669 50 253563 23.797 553,305 9.611,503 J5,889 472.598 112,424 569.194 9 971677 455.873 277 360 Depr¢¢iation Ar 31 March 2023 Charge for the yvdr Eliminal¢d in wFct of disposals At 31 March 2024 441.35L) 35.958 633.5*2 140.171 243,447 6.786 425.174 42,042 1,743.553 224.957 627 1955 883 477 308 761.126 250,233 467.216 Net book value Ai 31 Marth 2024 978.565 6.908.124 101978 8 015,794 At 31 March 2023 6.737.351 128.131 7 867,950 The Trustees believe that the i)pen mark¢t values of tk ￿p[eled w0￿rtieS in total is not les5 ihan the total E*)ok value for fre¢knld pri)perties. Within Freehold Properties,18nd values lotslling £536k are i￿[Uded and not depr￿lat¢d. This is derived from £80k relating to Grace Lodge, £66k related to Don RobirLS' House. £SOk relating to Regent Lodge, £1 Sok relating to Martha's House and £190k re]￿Ing to Town StreeL 3SIPage St George's Crypt (A company limited by guarantee) NUI'ES'I"U'I'HV klNANCIAL SI'A'I'bMeN'I' ror Ilic J'eai. ended 31 ￿larth ?0?4 13. FIXED ASSET INVEWMErrrs Invesknents IFJ subsidiaries Listed investrnents Note Total At 31 Marth 2023 Disposals Unrealised loss on inveslment 7,857 7,859 (2) 99 14 (2) At 31 March 2024 Historical ¢ost of investments 4.228 Listed inyestsnents can be categoTised &8 UK equities. 14. DISCONTINUED OPERATIOIYS The following were subsidiary und¢rlakings of the company: Name St George's cry￿ {Trading) C.l.C Si George's Cryo {Development} C.l.c Cl&ts of shaxes Oidinary Ordin Holding 11)0% IOOY• Dissolution dat¢ 31 October 2023 29 August 2023 Both entities were dormant in the year to up to th¢ dissolution dat4 after which they were subsequently disposed. J5. DEFfoRS 2024 2023 Trnde debtOTS Other Ikbiors Prepayments and accrued incom¢ 308.059 34.507 166.329 508 895 327.278 2,172 337.377 361Page St George's Crypt (A company limited by guarantee) NO'I'BS'I i)'I'.HE FINANLIAL S-I'AI EMFfN"r ror the year elided 31 hqarch 2024 J6. CREDITORS: Amounls f%llin£ d￿e wifhin year 21)14 2023 Bank mortgages Loan Trnde cKditors T￿tIOn and social security w5ts 0￿r crediloTS Ac¢ruals Deferred income 17,090 122.486 29,014 66,253 66.981 232.842 16,754 54.522 30,971 61,9S6 15,316 160,445 381026 The mi)rtgages and loan5 art Secured by a bank deixnthre on the charitable ¢ompany's a&sets and by first legal charges over the r￿Chold properti¢s known ￿.. 76 Conference Road, Arnil¢y, Lee(L8 (&) 7 Barden Grove. Arniley, Leeds (b) The mortgage for (a) above is repaid in monthly instalments of £944 8nd for Ib) in monthly inst&lments of . £1.348. and interest is ¢harged at 3% above base rnte on mortgages. Public Work5 Loan Board loans were Teceived from Leeds City Council towards the new builds of Regent Lodge and Don RobitLS ho￿. with fwst legal chaTges over each of these properties and Faith IA)dge (25&27 Wellclose Place, woodho￿. tthls). Interest 15 charged at 3.75Y• over a 30 year period. 17. DEFERRED INCOME 2024 2023 At l April 2023 Amount released to income Amount deferred in the year Ai 31 March 2024 41.062 (41.062) 5.541 (4.318) 41,062 18. CREDJTORS.. Amountx f*lliDg After one y￿r 2024 2023 Bank mortga8e8 Loan5 210.142 1366 026 1576.168 226.532 1488 857 1.715 389 The amounts falling due after one year are repayable ￿ follows: Bank mortgage Loan fMe between 2-5 years Due after more than 5 years 84.275 125 867 210.142 440.275 925.751 1,366 026 371Page St George's Crypt (A company limited by guarantee) NO.1..￿￿'t.0 IJ4L TrINANLIAL S'1'A'I'kMEN"I'b foi- Ihc )i¢ar endcd J l Marcli 2024 19. ANALYSIS OF NCIT ASSETS IIETWgEN FUNDS Ftsr th• yelr ended 31 March 2024 Tothi Fwd$ TAr¢iW¢ 15x￿￿tts Investrntnts Cw(¢rtt assets IS.Y94 7.758 2.1￿￿58 1554.W) {1576.1611 8.410256 8.015.794 7.751 3296,D64 1534,6661 11,576.1681 9201,782 591M• 207516 Lans4ctm lill￿"ll1115. N¢trni* 31 M¥¢h2024 591.C 2￿520 FDr the ye•rended 31 2023 (8$ Test•ttd) Fw T+JtBI Funds 7ansiN¢ fixrd Js%ts lthyostments 7167.950 7￿5> 2)551￿6 7J67.950 7.859 3241999 1311.026 581.(JYJ 305J33 136J451 C4rt Liabilities LoDE4¢ml IwlA"IItiB5 Net ass¢ts at JI P*faTeh2Q23 (1.715J191 .171.4QS 511.CO) 26898$ 9.021 J93 381Page St George's Crypt (A company limited by guarantee) NU'IFS 'I'lJ I'HE.PINANCIAL s,fA'IEM￿'I'S Foi. the j'ear ended i I h4ar¢h 2024 20. MOVEMENT IN FUYDS AtIAw 2023 F•ribt yeiriothd $1 M•rnh 2114 TraTrsfrTh Al YI Mu¢h2024 D¢siqrnted lkndg GentMI fjJTrd IOMID 110.cwi 591,CQO 8,410.2S6 9,(101256 ,171.405 8.752.405 4hlO.029 4ffi10.629 (4.361.778) 14.361.778) RBrnCIEDFtMIs ChIpl￿n¢Y 5?.105 3P55 56.029 162.6531 50.481 3.055 FurYdwi< proje N¢w &Jildins ProF Heakh & W8 Amloy Foodknk C0Msellin$Sctv￿ OccupaEionBI TIryi* .336) (Z5331) {6.475) {1.7701 28J21 6975 1179 26A41 17275 5.147 2Q698 .616 41438 1,5rKJ 409 26.641 {1.gx) PriTrtin8 Pwrd¢ Mwrtal H¢￿th wo￿¢1 3232 32.139 19.109 15J61 47J74 Im3 112 141.4331 (20J901 1139Jrn Nurtu 261988 245.472 1306,¥UI 207526 TOTAL CIlAA￿ FUNDS 9.￿1 J93 4.IS6.OSI 14.668.662) 9208.782 391Page St George's Crypt {A company limitrd by guarantee) NO'I-bS 'I'U I'HL FINANCIAL b'l'A'IEMBN'I' Foi. the year ciided 31 Mar¢li 2024 Ilor the Year¢￿e￿ 31 M*JYb2023 lu nstM•ul) At l Aya 2022 Al JI Maw 2023 7J91.I07 ioi.sn 8.194y19 16.112.407) 6,812,407 581,0 Grrt¢Thl 3.941 J48 3,941.148 13)14,422) 13J84.4221 8,752.405 lJthpl*incy Growiro Room$ pw¢Ji¢ N¢wHwildlll8FI¥j¢¢ H¢olh & W¢Ubeini Amil¢y F¢odby* CourEtllins ScrvK¢s IB225 19.194 2170 {4￿94) I￿02]2> IB5 168.143 57.105 3P5S 40Lb 28J28 6975 2.179 26.641 17275 5,147 26.691 39.616 44438 75511 32250 t75.181} 133.445) IiJ7DI 29J2J 3.145 2.179 641 6.1fy) 4394 19J49 31.715 Fr￿}1￿7g Troje J.735 37.038 342 9821 QgN91 (2B,4611 {122821 175J221 Car¢ A¥hl¥ 11¢ 75J22 1370.lel 4529JJ6 (3.178.Iri) 9.021 J93 Tran In 2023, the charity moved its Fixed Assets from D&signaled Fund into General Funds. This is because th¢ Funds have already been spent on assets that are uulised operationally to deliver servi¢4s we offer, Th¢ remaining Designated Funds are therefore monies ring-feJKed by the Tr￿e¢S.81￿￿ s¢nior leaders to improvethe service$ offered lo servirx u5¢rs in the future. lJ4ted funds The designaied fixed fijnd in the prior year ryresented the net book value of the Ch￿Ity'S fixed assets. less any boryowings thereon and other associated (kdudions s￿h &$ creditor Tetentiorns in trade Creditors. For the rernaining designated funds, the charity is ¢fflunitted to ewuring suitable accommodation is provided to thrjse Ivho are without a residence. As such. the charity is in the Process of TegiSteri￿ a subsidiary as a Registered Provider of social ho￿l￿g with a view to buildin£ ujore a¢¢ommc4Jation in the futur¢. Ik$ignation of £200,000 has been undertak¢n to facilitate this and towJrds build planning co#s in the future. As the ¢haTity increases its outreach. a further2 new projects have being started £108.000 has being designlted lo ensuritiEth¢ pmjects are S￿esSfUl. The remaining designatiorts of £273,000 relate io a mixbjre of ￿¥0p￿ Tepairs and upgrades and th¢ purchase of asset& which has been increased by £IO.000 in the year. 40IPage St George's Crypt (A company limited by guarantse) N()I'kS'lb'I'H￿ FINANLIAL S I'A'IEMbN'I Foi. the yeai. ¢nd¢d 31 N43rcli 2024 ResLri¢ted funil Chap14inc)' represents wt Sir Halley Stewart for research into homelesmes5 and Christi¥J)ity. Groiying Rooms represetLts grants awarded to pay forregistration to relevant training courw and to reimbwsetravel expenses for Growing Rooms Proj¢¢t clients who volunte¢r at the charity. Piirniliire Projee.I relates to plan lo utKyGle old fumith by Growing R(K)ms Pmjwt clients for resale. Neiy Buil(ling Projeels Tew¢sent grants toward$ the charity's new housingdevelopments helping homelessness aNI disadv&ntsg￿ people. Health & Wellbeing represents gr￿ts towards derttai provision And towords client trAVti expenses. Armley Foodbank represents grants 0￿ratIng atyj st(Kking a fo(wJbank from the Arniley Shop pr¢miKs. Collnse]ling Services r¢presents gr8nts 10 SUPIKirt Grnwing Rooms Pmjectclients. Occllpational Therapl8t r¢presents a wt from NHS ClinicAI Commissioning to provide an in4￿￿r$ 0￿UP￿tIOna] therapist. Cn'pt repTesents grants rec¢ived to pmvide services to knth clients staying within its proputies and towards provision of a lU￿h tim¢ service for ￿￿￿esIdents. Printing Project represents a Growing R￿mS Project for clients to design and create screen print items for sa]e. Mental HeAlth Worktr represents a grant to employ an on-site mental health worker to support the needs of ¢lients engaging with our servi¢e5. Nurture represents a significant aword towards redeveloF4nent of kitchen facilities to 8]low tTaiThing for individuals to gain key life skills through Cooki￿ This is ¢ombined with other smaller awards to assist in ryoviding a fre¢ lunchtim¢ meal service. Care represents successfully awarded grants received to allow the charity to updale the air ventilation syst¢m within the Crypt em¢rgency accommodation s¢ttin& Ashlay Hoiise- A new proj¢ct in parlnership with the Department for Levellingup, Housing and Communities (DLUCH) to provide an additional 15 units of appropriate awomm(thtion fol th¢ homeless cothort. The a¢¢ommodation is a]igned to other projects by St Georg￿ Crypt pThl provides shelter. support and food to vulnerable people. 21. PEIYSION COSTS . In August 2014 the Charity commtnced pe￿]￿￿ payM￿ts under & defmed c4)ntribution scheme. as part of auto- enroltnenL The pension cost charge represents contributiorks payable by Charity and amounted to £54,636 (2023 £37,931). Pension ￿ntributIonS outstanding al th¢ y¢gr*nd amounted to £23,744 (2023 - £11,595)- 411Page St George's Crypt (A company limited by guarantee) N0J'￿￿'1,(}.1,￿v P'INANCIAI. S'I'A'lbMEN'IB ror the year cnded 31 N4arch 2024 22. OPE114TING LEASE COMMITMENTS Ai 31 Mar¢h 2024 the Charity had total commitsnents under non-cancellabk OWdling leases as follows: 2024 2023 Payrn¢nts du¢-. Within one year BeNeen two to five yeaxs 119,902 85,677 145 092 22. CAPITAL COMMIThIENTS There were no ￿pital commitments at the year•end (2023- none). 23. RELA TED PARTY TRANSAcfioNS The Care Centre is opernted from the beneath St George's Chrt whi¢h is ow]￿d by ihe Church and le￿ed to the charity fiEe of chayge. Revd Liz2y w￿lf licensed as Rector of St George's Church on 2 September 2017 and is an ex offieio Trustee. A donation in kind Iw been Tecognised within irKome of £65.000 (2023 - £65,000), being the estimated market value of this rental. The charity made the following 8Y•nt payments thring the year to:_ LIghth0￿e West Yorkshire is a related party due to Nick Bishop (eknmmon trnstee) and Revd Lizzy Woolf being an ex officio TTIL8le¢ ofst George's Cryy ond a TnLStee of Liththous¢. Duringthe year a grant paymertt totslling £20.0(X) (2023- £20.1XYI) w&8 made to Lighthouse West Yorkshire. 421Page St George's Crypt (A company limÈted by guarant¢¢) NV'I.'LS 'I'U 'I-.Hb PINANCJAL &I'AI'EMENTS Por the Jieor enéed J l Marcli 2024 24. PRIOR YEAR AD,IUSTMENT Prior year figwes have been reststed to remove Care restricted iftcome which had had been incorrectly disclosed as reslri¢t¢d income, th#eby understating unrostrict¢d income ¢arTied forward. This •dju$iment h&8 had the effect of reducing 2023 r&8tricted ]r￿Orne and closing funds by £75,322 as well as in¢re&sing 2023 unrestrith*J income and closing funds by 75.322 u follows,. 2023 Opening reserves as pr¢viously ￿ported Prior year adjustmelt: Unrestricled incorne Restricted income ad'ustm¢nt Reststed ¢losin rese￿¢8 9,012,393 75.322 9 02l 393 Prior year income &s previously rewted Prior year adJustM¢nt: Unr¢$tricted incom¢ R¢slri¢ted In￿rne Kesta*d nor ear income 4.529,336 75.322 4 529 336 431Page St George's Crypt (A company limited by guarantee) NU'IF"S 'I'U'I'HW k'lNANilAL S-I'ATEMbN'I3 Poi- tlie yeai. ended 31 Marcli 2Q24 25. COMPARATIVE STA TEMENT OF Fif4ANCIAL ACTIVITIES IAS RE￿ATED) To¢ai INCOME 587.41 I￿57.517 s72￿] 11.716 2287262 IYhcrTrBdin8ArfiviiKs Tr*VtS¢w¢nts 5TI&II 11.7&5 2387362 3941 TOTAL rNc(hME 5t1.481 4529J36 Rai*n8 fullds Chritabka¢btAIi¢s 340J99 3.Q42.667 340J99 3536J72 3J76.711 493.705 3J83.1 493.705 558.7 9176) 652J6S 13 liJ56) 11,3 R¢di*dyn* offix¥J LWE NEfNcoME 557.426 gin3 651309 19 NBTMovEMwfIN FUNDS 557.426 651309 Ttrtsl foThvard 175J115 8J70,114 26. POST BAUNCE SHEET EVENTS Th¢ Pudsey shop lease was renevKd post yeaT-end for an ￿¢an¢¢lI0b1e puiod of 3 yews at £28,000 per annum. 182 Town Street WAS sold poyt ye&r*nd and 74 Confernice Rd w&8 Purcha￿ with those pr(xeeds. The Hedley lo￿ from Leets City Council was settlrA tM)st yearqend. 441Page St. George's Crypt Great George Street LEEDS LS13BR 0113 245 9061 l.Dr St.George's Crypt admi sl AxeAs Audtt se￿ce# Umltth1 12 Street LS12HL R•: St. G•0￿.$ Crypt To wh¢Jn It may c4Jncem The fvjlknwry Mpras•ntalons b￿9 of of manag￿ent *8ff rele¥8Tht krn￿edge and ex￿rienCe such as we cjjislder r￿•s98ry in wth your audit of the i*aritab )mpany's finand81 slatemenls foi the year end•J 31 Marth 2024. These erquiries have incbjed irtsp¢¢tion of SUFporknThJ documentation wher? apprrpTl8te and suffident b salsfy oursefves that we can make ea foU¢)wkng r8prosentalons. M re&￿Sen￿ti￿ mth to ts b86tofohwkn(y*AwJga and boli&f. GENERAL 1. haw fr￿filled our Te5rK￿$tj￿bss a8 In•t￿ Is sot ￿1 ￿ thg tem1$ of your •rwwwnt dated 26 Jun8 2￿24, uThJer the Companies 2(th and CharitiB5 Act 2011 fr>r prnparing fthanci81 gtatements In aecordait• %%llh 9M4cable law a￿1 Unibj Kingdom Standard¥ Iunited ngdom Generalty AeL*ptsd A(wJnty Practice). foi beivJ satisfied that Ilw a tru? and fair view aTrJ br rn8klng reWesenIatt￿ to you. 2. All the transathor* undwtaken teen prcqjerty ref*cled aThJ recorded In the a¢xwntiro re¢rKth. l Al the ￿c0[￿￿n9 rerx)rth to yw for thè wrpose of yow V* have provthd you with uwesth¢ted access io al apprLyiate petsons wilhkn Ihe L**iith ¢ompany, and wkh 811 ot￿r records and re￿Ied Info￿al￿￿ requested, kndudiTry rrNnutes of all man8gttmént and trustee meatings CaN￿pondenCe wlth The Charty CLyNn1￿c￿. 4. The ffnandal str1￿￿nts free ormatsrt￿ mkntaiwnents. cffjissb)n8. 5. Thg effgcts of un¢orrgct4d mtsstaiemerts are ￿rna￿l81. Ix)th Ind￿￿￿ty arKI In aggregate, to tho finarKial atst￿ents 85 4 T￿. (See append￿ 1 for detsls ofsuch rni$stsl￿ents1. We have. reI&iev￿d arbl apwo*d 01 4￿j11 made kn the fmnci•l gtatem&rrt9. 15ge Pendix 2 for delails ofsuch audit rdptslbmnts). 7. Ws and approved all dBdoyu￿y m*Je in IIE fir•n(xal ytatemerts aThl *t are not awarè of any olher matters which require th'5rknurE in order lo comply Ihe requlremenls ol appliCa￿e ￿ and Unitod Ar&￿n￿.￿j StarNlards IUni18d lfjngdom Generally A￿pIed A￿unti￿j Procticel. INTERNAL CONTROL AND FRA 8. ￿ thowledge ourrespons*yltyl)r ihe d￿ljTr, knplpmonlal*)n ￿ maintenarn￿ ofinlgm?I control to prevent detect fr*hd and grr(¥. and ￿ beleve that we have apprcprtately fvjlfiled thesg reswnSib]l￿'es. We have ifjsdc•gd to y¢)u r8yJlls of ri$k wwmenl Ilwt thè fin￿e￿al statements may be mi5StabJ 85 8 reS￿l of tra￿1. 9. ￿ ha￿ disrlosed lo you affi inslances ofkrv*m w 5USt*thd tra￿1 affecliro the tharilatsle ￿npary involving managemenc empl￿865 who a sIgnific￿l role kn lrtwn81 ¢onlrd orotsrs whorg fra￿￿ Y￿j Aave a material effect ￿ the flnan¢id s18tèments. %iG•Ory0￿ Cryrt Leth" RegistaredlJ*ly Nuirt*r. 1144174 Ilep51wedCorym7 l*unber. 7780402