DoGUSign Envelope ID." 023ED6EF.D7554C3AA62144B38BF89E52 St George's Crypt (A company limited by guarantee) Registered Charity No. 1144474 R¢gist¢r¢d Company No. 07780402 St George's Crypt (A company limited by guarantee) TRUSTEES, REPORT AND FINANCIAL STATEMENTS for the year ended 31 March 2025 St. George's DoGUSign Envelope ID." 023ED6EF.D7554C3AA62144B38BF89E52 St George's Crypt (A company limited by guarantee) CHARITY INFORMATION TRUSTEES AND DIRECTORS The Trustees who served the coinpany during the year were as follows.. EX OFFICIO TRUSTEES The Venerable Paul Ayers Revd Canon Lizzy Woolf F.I,r.CTF.I) TRIISTF.r.s ANI) I)IRF.CTURS Janc Dutton {Chair}- Appointed l O June ?0?4 Jonathan Chc5tcmiaii {Dcputy Chair- EI¢Ltcd 9, Dccctnbcr 2024, Acting Chair bctwccn D¢Lcmb¢r 2023 and Junc 20?4) lan Pickup Janel Swift Rachel Amold Ri¢hard Hughes- Appi)inied 13, S¢pteinber 2024 Dr Helen Reid- Resigned 31 bl March 2025 Jan¢ Cooper- tkc¢ased 31 91 Augu.qt 2025 Hannah I￿,￿n￿Seh￿k- Resigned 4, February ?025 R¢i,d Canon Paul Maybury- Resigned ?Iid June 2025 LEADERSHIP TEAM Chris Fields {Chiet' Executive oificer) Helen Brownridge (Deputy CEO) Revd Andrew Muckle {Chaplain) AndreTh Omond {Head of Development & Strategy}- Appointed 1° June 2024, former Head of Marketing BheLisipho Siwawa (Head of Marketing & PR)- Appointed 1° June 2024 Chris Mason (Head of Finance)- Resigned 31 Augiist 2025 Keith Swalloiv (Head of Finance}- Appointed l O ' Novetnber ?025 C hris Wilson (Head of Client Services) Christine Lane (Head of Health and Well-Being) David Pilling (Head of Nurture) Jatllie Wilson (Deputy Head of Client Services) Lisa Aldrcd {Hcad of Fundraising) Natasha Morosini (Head of Retail) Matthcw Nic¢ {H¢ad of Infrastructur¢)- Rcsigned cff¢ctiv¢ 20, Dec¢mbcr 20?4 Natasha Morosini (Head of Retail) PRtNCTPAL BANKERS LEGAL ADVISERS AUDITOR Az¢ts Audit Services Limited HSBC Bank pl¢ 33 Park Row East Parade Luplon Fawcell LLP Yorkshir¢ Hous¢ 3 Wellington Plac¢ L¢eds LSI 4AP 12 King Sir¢¢l Leeds LSI 2HL LSI 5BD DoGUSign Envelope ID." 023ED6EF.D7554C3AA62144B38BF89E52 St George's Crypt (A company limited by guarantee) CONTENTS Trustees Report and Strategic Report 4-16 Independent Auditor's Report 17-20 Statement of Financial Activities 21 Balance Sheet 22 Statement of Cash Flows 23 Notes to the Financial Statements 24-43 DoGUSign Envelope ID." 023ED6EF.D7554C3AA62144B38BF89E52 St George's Crypt (A company limited by guarantee) TRUSTEES, REPORT Year ended 31 March 2025 A Snapshot of 2024-2025 St. George's Crypt 41,500 beds provided across our serwces for different needs 15.870 care ￿￿tre beds providing ernergency accommodation 12 people completed our rehabilitation programmes and are now substanee free 972 residenis across our accommodation services positively moved on 930 clients attended health 5ervice3 Qi"gani5ed and delivered through The Crypt 3,650 items of lothing given out to elients 3.410 mea]s per month produced for homeless and vulneTable people who accessed our seTwce 760 clients engaged with the activities we delivered 12,180 houts of client volunteeting, supporting work roadino$$ 5000kE of food per month saved from landfill 780 showers PTovided to clients who come to our lunchtime rncal service 2,905 refeJYal$ frorn other agencies In the last year we held in the region of 410 worship services across the charity DoGUSign Envelope ID." 023ED6EF.D7554C3AA62144B38BF89E52 St George's Crypt (A company limited by guarantee) TRUSTEES, REPORT Year ended 31 March 2025 The Charity is ¢x¢eptionally grateful for its ¢ontinued support allowing it to provide accommodation and support for so many pcopl¢ ovcr th¢ year. despite th¢ tough cconomic environmcnt. Thc £135k reduction to funds recognised this year, resulted fron) multiple sources of inconie from controlled trading opportunities, fundraising activities and donors and legacies which are offset by our running costs. Thi5 has led to free reserves giving 0.8 months of operational expense cover when removing fixed assets from General Reserves, utilised to deliver our services. The charity has crcatcd a subsidiary Cntityy Future Proof Full Stop Limitcd, which is currcntly dortnant in anticipation of becotning a Registered Provider of Social Housing, and will be de￿.elOped to increase the organisation's housing stock and standard of accommodation to be otyered to the vulnerable people w¢ work ￿'1th daily. REFERENCE AND ADM1Tr41STRATIVE ILYFORLIL4TIOIY Registered office and operational address.. St Gcorge's Crypt Grcat Gcorgc Street Leeds LSI 3BR Chari istered in En land and Wales Charily R¢gislralion No.. 1144474 (England and Wales) Company Regislralion No: 07780402 The charity inforn)ation page fom)s part of this report. STRUCTURE, GOVERNANCE AND MANAGEMENT The Tnlstees, who are also Directors for the purposes of company law, present their annual rep)rt together with the financial statements for the vear ended 31 March 2025 ￿'hICh 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 Irelaiid (FRS I O? -) (effective l January ?019}- (Charities SORP IFRS 1021), the Financial Reporting Standard applicable in the UK and Republic of Irelai)d {FRS 102) and the Coinpanies Act ?006. DoGUSign Envelope ID." 023ED6EF.D7554C3AA62144B38BF89E52 St George's Crypt (A company limited by guarantee) TRUSTEES, REPORT Year ended 31 March 2025 GOVERNING DOCUMENT St George's Crypt is a company limited by guarantee governed by its Memorandum and Articles of Association dated 20 Septetnber 2011. The Memoranduin and Articles ivere amended by Trustees resolution on 21 July 2025 and subsequently filed on Charity Commission and c.ompanies House. It is registered as a charity with the Cl)arity Comii)ission in Ei)gland and Wales and is a compan), limited by guarantee with the Registrar of Companies. The membership currently is confined to the Board of Trustees however there is provision for wider metnbership. MISSIOLY STATEMENT Our Mission Rooted in Christian compassion, our mission is to ensure that every person in Leeds has access to shelter, support, and dignity- regardless of background- through compassionate care on their journeys out of homelessn¢ss. Our Vision We working towards a Lecds wh¢r¢ homclcssncss is cradiLat¢d. and ¢vcry pcrson has aLcess to safe, stablc housing and the support thcy necd to thrivc. Wc 5cc a futurc whcrc cvcryonc, no mattcr their starting poiiit, has tl)e opportunity to r¢build their life with dignity and hope. With our 95 years of service, our strategy sets out a clear, ambitious frame%vork to solidify our leadership in homeless support services and guide our growth in th¢ years ahead. Ollr Values (The 5 Cs) Our work is und¢rpinn¢d by fiv¢ ¢or¢ values.. Care.. Wc prioritise the physical, emotional. and practical well-bcing of those we serve. Compassion.. We act the empathy and understanding, oftering support ￿ltho￿t judgment. Chri.8ti#nitv.' We treat every individual wilh love, dignity and respect follc)wing ih¢ example of Christ. Collaboration.. W¢ build strong partii¢rships to cnsurc joincd-up scrvivc5 for our Llicnts. Community.: We toster inclusive spaces ￿'￿ere everyone can belong, participate, and grow. PUBLIC BENEFrr STATEMENT The Trustecs aware of and havc Compli￿ with thc duty in section 4 of the Charitics Act 2011 to havc due regard to the public bencfit guidance published by the Charity Cotnmission. The Trustees bcli¢v¢ thc mission statcincnt satisfics thc Charity Commission guid¢lin¢s un publiL bcncfit. In tnoiiitoring and plaiinin¥ prcscnt and future activitlC5, the Trustccs arc verv iiiindful of the nccd to be inclusive in the practical interpretation of the mission statement. They regularly review the impact of the charity's day io day activities in meeting the publi¢ benefit test. DoGUSign Envelope ID." 023ED6EF.D7554C3AA62144B38BF89E52 St George's Crypt (A company limited by guarantee) TRUSTEES, REPORT Year ended 31 March 2025 OBJECTIVES AND ACTIVITIES In accordance with the Memorandum and Articles of Association, the key objectives are the.. The relief of hardship and ]x)verty among those living with homelessness poverty and addiction in the cit). of Leeds and beyond. The advancement of the Christian religion for public benefit. St Gec)rge's Crypt is inspired by prayer and provides professional standards of care and support within a fraMe￿ork of Chrislian faiih and wiliiess. We are very proud of our Ii)ng tradition of sp¢aking i)ul on behalf of the most vulnerable adults ￿1th7n Leeds. The charity continues lo engage with as Inany of the hom¢l¢ssn¢ss r¢l¢vant debates as possible in ord¢r that St G¢org¢'s Crypt is repr¢s¢nt¢d 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 ointmenl of Truslces As set out in the Meii)orandum and Articles of Association, the chair of Trustees is nominated by the Board annually. The Diocese ot Leeds is represented by the Archdeacon ot Leeds, i¥ho serves as an ex officio Trustee. The incuiiibent Rector ot St George's Church, Leeds also serves as an ex o￿le10 Trustee. Board members are appointed bv the Board. Tl)e Board has an Appointments Comtnittee which ivas set up so that they could identify and recruit new Trustees. Board Pwleiiibei-slli Thc Board of Trustccs, which can have up to l? members. is responsible for the overall oversight of the Charity. The Board noniially mc¢ts six titllcs a y¢ar. Thcrc is a Standing Coiniiiitt¢c ￿'1th tn¢mbcrs nominatcd by tlic Board. A Chief Exccutivc Officer (CEO) is appointcd by thc Trustccs to manag¢ the day-to-da}' operations of the Charity together M'ith the Leadersliip Team. To faLilitate ¢ff¢ctive operations. thc CEO has d¢l¢gatcd authority, within frtins agrccd bv trustc¢s, for 0￿ratIonal iiiatt¢rs including finance, einplc)ymellt and develc)pinent of strategy. The Leadership Te￿n comprises the CEO aiid licads of kcy d¢partm¢nt5 in th¢ Crypt. Truglee induLli()n and irAinin Polenlial Truste¢s are interviewed by an ¢xisting Trustee or Trusiees, and Ih¢ir skill set is mal¢hed against the charity's current needs. Once appointed, new Trustees undergo an induction process to brief them of th¢ ¢i)nl¢nl of th¢ Memorandum and Articles of Association. th¢ coinmitlee and de¢ision- making processes, the current strategic plan, the financial performance of the Charity and uplating on current priorities and future plans. During the induction period, the new Triistee meets kev employees and also visits the Crypt's current projects and locations. All Tn]stees are encouraged to attend appropriate internal and external training events where these facilitate wider understanding of their role. Board Meetin The Board tnet 6 times during the year. DoGUSign Envelope ID." 023ED6EF.D7554C3AA62144B38BF89E52 St George's Crypt (A company limited by guarantee) TRUSTEES, REPORT Year ended 31 March 2025 Trustee subcommittees Appropriate subcommittees have been established to work on key issues between board meetings, covering policy, strategy and tinance. Trustees, memsui'emcnt of success The Trustees Iiieasure the success of the charity by a selected number of KPIS. looking at financial sustainability, accommodation occupancy, positive outcomes tor clients, and staffing. Related Parties and cfro eration with other or anisations All Trustees are ind1￿.1dua1IY responsible for ensuring that their register of intetEsts reflects current comtniimcnt5 and rclatioiiships. Thcy are also reiiiindcd- along with tllciiibcrs of the Lcadership Team to disclose on the register of interests all related party connections includiiig Iiieiiibers of their family. Reiiiuneratioi) Pulic l-hc 'l-rustc¢s ind¢p¢iidently r¢vi¢w th¢ pay and remuneration of staff, particularly in light of the rising Cost of living. During the year Chaplaincy continued to provide pastoral support and c)pportunities for worship for staff and clients. During the year the Crypt Chaplain, th¢ Revd Andy Mu¥kle, ￿,8$ join¢d by Marlin Hird as volunteer Chaplain to Growing Rooms. Chaplaincy also takes on the mle of staff wellbeing and we work proa¢tiv¢ly with oiir staff lo ensi1￿ th¢ happiness and qe¢urity of (he whole Crypt family. During the year we were blessed to welcome ordinands and other ministry students on placement and Andy also offered mentoring support to minisiry interns from the Anglican Diocese of Leeds. Andy took on a significant body of ￿'ork for the Trustee Board, updating and amending the Charitable Objects and Memorandum and Articles ot Association ot the Charity. Further noteworthy highlights of the year were the rlinning ot. a bespoke discipleship course based on the film 'Risen' at Growing Rooms for clients and staff; and the creation of a Theological Reflection Partnership with the Community of the Resurrection at Mirfield: where the Leadership Team of the Crypt theologically retlected on the balance of reactivity and reflectivity. DoGUSign Envelope ID." 023ED6EF.D7554C3AA62144B38BF89E52 St George's Crypt (A company limited by guarantee) TRUSTEES, REPORT Year ended 31 March 2025 STRATEGIC REPORT The Trustees review strategy e￿.ery five years in order to ensure that it remains approprital of 41,500 {?024- 42,200) bed spaces occupied during the year. The charity now operates 7 emergency accommodation residential facilities that principallj. focus on crisis accoinn)odation for people in need of emergency accommodation. Clients are required to engage 'ith otTicers from Leeds City Council in seeking suitable tllove on accomtllodation when ready. These facilities are.. Th¢ Car¢ ¢entr¢ (27 b¢d spa¢¢s) is situated in the Crypt underneath St George's Chur¢h in the centre of Leeds and works in close partnership with Leeds City Council, other service deliN'ery partners and the local NHS hospital trust. In the case of the latter, through funding, ti¥0 of these beds for individuals discharged from hospital at risk of potential hotnelessness. Kirkstall Lodge, situated in Kirkstall area of Leeds and offers 9 individual self-contained supported iiniis. Kin¥slon hotel is 51tuatcd in Woodhousc, L¢cds and offers rootn accommodation in a fomicr hotel for up to 24 individuals. Clarion is situated in Kirkstall. Leeds. offers 9 individual self-contained supported units. Aslilar House a HMO. silualed iii Chapel Allerton. Leeds and offers rooms for 15 individuals. DoGUSign Envelope ID." 023ED6EF.D7554C3AA62144B38BF89E52 St George's Crypt (A company limited by guarantee) TRUSTEES, REPORT Year ended 31 March 2025 Regent Lodge, locat¢d in Hyd¢ Park; Lceds offcrs 14 individual flats in a supported housing projcct funded as a commissioned service by Leeds Citv Council. Providing accommodation and support in a safe and regulat¢d ¢iivironment lo residents with a history of heavy alcohol dependency. Don Robins House is a purpose-built accotllmodation block of 24 supported flats located in New Wortlcy, Leeds proi'iding move-on accotnmodation. The 5cheine coinprises of ?4 self- containcd flats (18 on¢ b¢d and 6 two bcd), includin¥ six units whiLh arc adaptcd for disabled us¢ and aitncd at tcnants who have dcmonstratcd that tlicy arc rcady to tnovc frotn cmergciicy accommodation to greater levels of stability and independence in their lives. Meal Provision Food donations hai'e remained a vital part of support for tlie Crypl in the past years and ￿¢ continued lo receiv¢ a very generouq siipply of tins and packetq of non-periqhabl¢ food items. Partnerqhips with a range of high slr¢el sup¢rinark¢ts has proved verv su¢c¢ssful. We ¢srimale 65,592kg {2024-19,836kg) of food haq been prevented froin going to landfill due to our partnerships. We have had a full year of meal donaled from dovecote park and we are receiving more fruit, veg and fresh produc¢ froin Delli Fresh. The charitable catering function served a total of meals 40,908 (2024- 38,664). That represents a daily average of 112 meals (2024 - 106}- This was provided via a Th'alk in lunchtime hot food provision (5 days a week) and meals for residents at ti¥0 of the contracted services. Health and Wellbein Activities are under regular rei'iew to ettsure that the opportunities remain relei'ant and tneet the iminediate needs of the clients. They tend to tocus on health and wellbeing, and programs that will engage the client and develop their self-confidence. Groi*in Rooms The succc5sful Growin¥ Rootns project lcd by recovering addicts, continues to bc fully utilis¢d with constant waitiiig lists. We run both a malc and feiiiale progratnme i*ith participant5 provided wit]i a comprchcnsivc structurc w'hich includcs classroom based thcrapeutic group workshops. 1-2-1 scssions, and two days a week voluntary work often based in the Crypt. The Inain hub for our male programme is a putpusc-built s¢tting to hold th¢s¢ m¢¢tings. W¢ havc fiv¢ fuur bcd rcsid¢ntial hous¢s that we puKhased to SUPTX)rt the Growing Rooms iiien's prograinme. There are an addilionally three flats %¥hi¢h combined to allow for 24 cliei)ts. The Growing Rooms Ladi¢s proje¢t started in Jaiiuary 2023 and has grown to 8 clients. We a¢knowl¢dg¢ the diffe￿ne¢S in male and feiiiale residential rehabilitation. Over 900/0 of the women joining the programme haille children and have to make provision for them for the following 12 Inonthq. Women also tend to hold the responsibility for lh¢ r¢sid¢ncy and often give up their tenancy in order to go into rehab. The programme works the same way as the men's project but may focus on issues that are more relevant to temales. 101 Page DoGUSign Envelope ID." 023ED6EF.D7554C3AA62144B38BF89E52 St George's Crypt (A company limited by guarantee) TRUSTEES, REPORT Year ended 31 March 2025 Retiiil sho The Crypt continues to run four charity shops, located on Town Street, Arniley; Church Lane, Pudsey; Street Lane, Roundhay- and Queens Street, Morley all ivithin the Leeds district. In addition to bringing income for the crypt. each shop is designed to serve the local community, promote the ivork of the Crypt and give volunteering opportunities. Fundraisin The Crypt has a separate in-house fundraising departtllent with responsibility for developing and implementing fundraising strategy. The dcparttncnt has contributed 20 pcr cent of the oi'erall rcvcnuc for th¢ Crypt and ncw and innovative events have been added that collaborate with clients and donors to encourage supporter growth year on ycar. The Crypt adopts thc Cod¢ of Fulldraisillg PraLtice and is regulatcd by thc Fundraising Rcgulator. Thc maiii aspects of The Code as applied by the Crypt include the following:_ Ai)pr()dLlI li) fiindrdi%ino." The Trusle¢s ￿,71[ not us¢ a prof¢ssional fundraiser or coiiimercial participator to apprc)ach any prospective doiiors about supporting c)r giving money to St Gec)rge's Crypt. Work nf. any commercial artici ator8 or rofeqsional 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 Lod formerl known as Faith Lod The Crypt retains the freehold to this property. and is now rented to Beacon housing to provide commissioned service for Leeds City Council. Purtnerslii )s The Crypt continues to look to strengthen cxi5ting partnerships and to build new opportunitlcs for joint workin¥. Significant cxamplcs of our partn¢rships includ¢ Lccds City Council, L¢¢ds B¢Lkctt University, NHS. Crypt Factor and the joint Big Slccp Out fundraising ci'cnt M'ith thc L¢cds Rhinos Foundation and St Gemma's Hospice. DoGUSign Envelope ID." 023ED6EF.D7554C3AA62144B38BF89E52 St George's Crypt (A company limited by guarantee) TRUSTEES, REPORT Year ended 31 March 2025 Social media The Board has continued to recognise that s(Kial media is a significant method of communicating present needs and topics to the wider world. Marketing aCti￿]I]eS therefore include social media (email, Facebook, Linkedln and X (forrllerly Twitter)) leatlets 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. PRINCIPAL RISKS AND UNCERTA1Tr4TIES The central risk registers are subject to annual review and managers are required to monitor specific departmental risks. Tlie Board is satisfied that risk nianagement is appropriate and that financial systems and controls arc in place proportioiiatc to thc size of th¢ charity and to the typc of opcrations. Thc charity also prioritise5 health and safety. staff traiiiing and safeguarding. The charity lias introduced systems to ciisur¢ that it is cotllplyiii¥ ivith GDPR regulations. During the ycar, principal risks and unccrtaintics w¢re- c.ontinuing competition for charitable funding and pressures on public funding. Continuing pressures from client group presenting with a wide range of challenging behaviours and issues. Incrcasing nutnb¢r of clicnts in significant financial distrcss duc to being sanctioncd by thc local authority and, Increasing needs and nutnbers presenting pressures on the Crypt's infrastructure. The charity has considered the following as areas of risk.. Future of local government funding. Reduced doiiatic)ns. Potential chai)ges in legislation relating lo employment and equality- The impact of extemal tactors such as pandemics. PLANS FOR FifTuRE PERIODS The Trustees will continue to develop and itnplement the strategy for the Crypt, and einbed the departmental plans that feed the strategy. This will ii)clude the iinplemei)tation of robust KPI'S to support the executive to tnaintain iterative change. The TrustCe5 will continu¢ to work with the board of FuturcProof to support thc cxccutivc to inovc forward5 the strategic objective of buildiiig more homes for hotneless people. The Trustees will consider options to carry out further developiiients to progress the Crypt's key objcLtivcs. Th¢ Crypt will LOlltinu¢ to work with L¢cds City CounLiI and partn¢rs to addrcss th¢ urg¢nt needs of the homeless in Leeds. The Trusle¢s will ¢onlinue lo keep the Crypt's IT systems under review to eiisur¢ Ihat the ¢harily is up lo date with hardivare and software which ensures optimum perfom)an¢¢ and effi¢i¢n¢y. Furth¢r development of HR sysleins in partnership with Wirehouse are ongoing. 121 Page DoGUSign Envelope ID." 023ED6EF.D7554C3AA62144B38BF89E52 St George's Crypt (A company limited by guarantee) TRUSTEES, REPORT Year ended 31 March 2025 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. Subsequent to the year end, the trustees have advertised for and appointed a replacement Head of Fiiiance, Keith Swallow, and have developed the financial assistant role into a Management Accountant position and have recruited this position. The charity is in the process of implementing a new finance systein Xero. The trustees were deeply saddened b)1 the death of Jane Cooper a much loved and ￿'alUed trustee. The charity's health and wellbeing agenda continues. w'ith our partnerships with Vision c.are for Homeless People. DentAid and Leeds Beckett University for ph)'siotherapy all being active. FINAIYCIAL REVIEW Ov¢rall. the charity has expcriellced a challcnging year in vicw of thc overall tnacrocconomic environment in which we operate. Ti)tal income for the year was £5,420k conipar¢d lo £4,816k in tli¢ previous year. The iii¢r¢ase of £604k was mainly due to additional commissioned services and associated housing benefit payments iii the year at £2,927k, compared with £9 603k in the previous year. Trading income alsi) p¢rfomi¢d well ￿lIth total income of £682k versus the prior year's £584k. Total expenditure for the year was £5,565k compared with £4,668k in the previous year. Costs were ¢losely managed throughout the year but property related costs increased due ro the increasing number of sites, associated utility costs and insurance costs of these sites. Staff costs increases were incurred as the charity took on more projects, increasing the size of its workforce, and moved to pay the 'Living Foundation Minimum Wage, as a minimum. The charity also extended its reach ivith additional services that are planned to be loss making, but serve the charities aims. As a result, net deficit was £135k, a reduction of £322k from the surplus of £1 87k in the previous year. c.ash and cash equivalents decreased by £1,676k in the year predominantly due to the settlement of the Leeds City Council loan (£1.218k), purchase of freehold properties to expand our services. and increase in employee costs. The rinci al fundin soiirces are as follows: Charitable donations Supporting People grants Housing benefit Retail and trading income Legacies 131 Page DoGUSign Envelope ID." 023ED6EF.D7554C3AA62144B38BF89E52 St George's Crypt (A company limited by guarantee) TRUSTEES, REPORT Year ended 31 March 2025 Priein Polic -sho The pricing policy in the shops broadly categorises donated goods received into the following categories, Mwhich then detem)ines the sale price'.- Brand ne￿ donated items ￿lth original sales tags are priced at half its retail price. Good as new donations are priced in accordance with local shop conditioi)s. Older well used donations are priced at a fraction ot the original price. Antiques are researched to establish right price guide for sale either in shops or eBav. Siock 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. Volunleers The charity appreciates the input and contribution of volunteers who tnake an enormous contribution toThards so many aspects ot the Charity's ongoing work. ReseiTr'e5 Polic The Board have resolved that they seek to hold betw'een a minimum of three and a maximum of six months, n]nning costs in free reserves at the end of any one month. Free reserves comprise assets that can readily be r¢alis¢d to fund rh¢ general activities of rhe Crypt less creditors associated with fixed assets less current liabilities. These reserves are held to bridge the gap ktsveen the spending and receiving of funds. At the end ot the financial year, free reserves totalled £379k with ai'erage monthly expenditure of £464k' giving Crypt reserves of 0.8 months. The Charity is activel}, working to increase reserves, for example b>, reducing ¢apilal expenditure and working on income generation inilialives. The Board is confident that the charity will continue to have sutTicient resources to fulfil its dav to day commitments and is aware ihal reserv¢s are soineliiiies required lo bridge ihe gap b¢iM'e¢n expendilure commitmcnts and r¢LClPt of inLom¢ or to cov¢r unplaiin¢d cm¢rgcnLy r¢pairs or capital pU￿￿as¢S. The Tn]stees beliei'¢ that the charity remains a going concern as it has a mixture of income streams including dc)iiations and local authoritv ¢ontracls for delivery of some housing support services. The Trustees have a finance update at each meeting w'hich includes the current period'5 managetnent accounts pack detailing the year-to-date surplusldeficit versus budgeL balance sheet, restricted funds in¢om¢ and exp¢nditur¢, ¢ash flow and varian¢¢s to last year's in¢om¢ and ¢xp¢ndllu￿. Investment olie lJnder the Memorandum and Articles of Association, the Board have the power to make such investments as the}, deem fit in accordance with charity policy. The polic}, 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) ot the Cotnpanies Act 2006. 141 Page DoGUSign Envelope ID." 023ED6EF.D7554C3AA62144B38BF89E52 St George's Crypt (A company limited by guarantee) TRUSTEES, REPORT Year ended 31 March 2025 STATEMENT AS TO DISCLOSURE OF INFORLIIATION TO AUDITOR The trustees who were in oftice on the date of approval of these financial statements have contim)ed, as far as they are aware, that there is no relevant 61 Net ittwm¢ befo¢ rtwgnised gaittOllossesl 72.004 148.28> Unre￿iSed10SS oli Iiwesttnents 141k51 10.278 199 RLalisvd salu vl'lixud asbct Loss on discolltiiiued operations 10.278 NET INCOME 1207.6K)I 72,604 1135.0561 187.389 NET MOVEMENT IN FUNDS 1207.6K)I 72,604 1135.0561 187.389 IoLqI funds brought fon4'8rd 9,001,256 207.526 9.208.782 9.021.393 TOTAL FUNDS CARRIED FORWARD ¥.793.590 280.13V 9.073.726 9.2V8.7¥? The Statement of Financial Activities includes all gains and losses in the year. All income and expeiiditure derive froiii continuing activities. A fully detailed comparative statement of financial activitie5 for the year ended 31 March 2024 {as restated) is shown in note ?6 of the financial statements. The Statement of Financial Activities also complies with the requirements for an income and expenditurc account undcr the Cotnpanics Act 2006. 211 Page DoGUSign Envelope ID." 023ED6EF.D7554C3AA62144B38BF89E52 St George's Crypt (A company limited by guarantee) BALANCE SHEET As at 31 March 2025 Registered Companv No. 07780402 Notes Total fiinds 202) Total funds 2024 FIXED ASSETS Tartgihle &%£et Inve%tm¢nt 8.406.( 7J52 $.1)15.794 7.758 R.414.342 $.023.552 CIIRRENT A%SET8 l)ebt()r 55ll.486 508,%95 2.787.169 C&sh ai bank and in hand ]2￿.￿64 LRF.III'I ORS. Amounts falling dlle ￿'1th1Th on¢ y¢ar 1534.6661 NET CIJRRENT ASSETS 850.078 2.761.398 TOTAL ASSETS LESS CIJRRENT LIABILITIES 9.264.420 10.784.950 CREDITORS Ainoullts falling dlle after more th￿7 one year IIW.6941 11.576.168) NET ASSETS 9.073.726 9.208.78? FUNDS RLslri¢tLxI fun(Is Ilnr¢stri¥i¢d furtds- d¢signat¢ 2¥0.130 5711.IK 8.223.596 207.526 591.UDO 8.410 ?56 TOTAL CHARITY FUNDS 9.07i.726 9208 782 The notes on pages 24-43 fomi part of these financial sral¢ments. 17 December 2025 The financial statements were approved by the board of trustees and authorised for issue on . and signed on their behalf'by.. $vJn¢Oby." lth Pi(Ly 2S4￿49￿&184D IA45C1D8F826131. Jan¢ Dulton Trustee I Pickup Trustee 221 Page DoGUSign Envelope ID." 023ED6EF.D7554C3AA62144B38BF89E52 St George's Crypt (A company limited by guarantee) STATEMENT OF CASH FLOWS For the year ended 31 March 2025 Total funds 2025 Total fund5 2024 Casb iDtIow5 Irom OperAti￿g Activities 187.389 224.957 ?48.454 Profit (Jn dIS￿s￿ oftsngihle fixed assets 1055 Ort disposal ofini'¢siment InwrLsI an(1 dividLnds ILLLIVLd 139.2051 34.778 4( 42.955 99 Lv55 Ini'LStTncnt IlncreaseVDecrease In deblo15 157.932 85.340 Net Q85h inflow operAti￿g actiiities ?24.123 659.469 c.asb llows llstd ID IDvesiing attiviiies Intrrest 2nd dividends reeeived 142.9551 139.002 47?.59S Prucwds sal¢ vf lixvd aS5L*s 229.09U 858.462 Pa￿[n¢nI5 tv acquirc Idngiblv fiAcd a5bCts' Nei t#$h now$ u$ed 1￿1¢$timg #¢¢ivilie8 16fy1.1.50 376.551 C.a%b flows from financi￿g aetiiryties Mortgage Repasments Loan r¢pa￿[n¢￿¢s 154.$671 Net t9%h now% fr(Trm #ttlvltle$ l ).li.490 IDECREASEIIINCRE,tSE IN CIISH & CIISH EQIIII',*LEliTS CASH AND C,tSH EQUIVALENTS BROIIGHT FORII'IIRD 2.787.169 2.575.172 CASH AND C.4SH EQIIIN'ALENTS CARRIED FORW'.4RD 2787 169 ANALYSIS OF CASH AND CASH EQUIVALENTS 2024 Cash flow 2025 Casli at bank and in hand Debt due in l year Debt due in greater than l year 2,787,169 (139,576) 576 168 1,071425 (1,675.517} {149,983} 1.385,474 440 026 1,111,652 (289.559) 190694 6il 399 231 Page DoGUSign Envelope ID." 023ED6EF.D7554C3AA62144B38BF89E52 St George's Crypt (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025 BASIS OF ACCOUNTING The financial statctllcnts hav¢ bccn pr¢parcd in accordanc¢ with Statcincnt of Rccommcndcd Practicc 'Accc)unling and Reporting by Charities" and applieable Accounting Strdndards in the UK and Republic of Ircland (F RS 102) (¢ffcctiv¢ l Jaiiuary 2019}- (Cliaritics SORP (F RS I O• -)), th¢ FinaiiLial Ilcporting Standard applicable in the UK and Republi¢ of Ireland {FRS 102) and the Companies Act 2006. St George's Crypt m¢els the definition of a public benefit entit}, under FRS 102. Assets and liabilities ar¢ initially re¢ognised at histori¢al ¢ost or transaction value unless otherwise stated in the releiwant ac¢ouiiling policy note. The financial stal¢ments have been pr¢par¢d in wuiid sterling as ihis is th¢ currency of the primary economic environmeni 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 COliCERN The financial stateiiients 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 tneet 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 ii)cotne is included in the Staten)ent of Finaiicial Activities when the charity is legally entitled to thc incoine and thc atnount can be quantificd with rca5011ablc accuracy. In accordance with this PK)lic}'. iiicotlle arising froin the provision of hostel accommodation and supporting people is accounted for on an accruals basis. Donalions, legacies and similar resources are a¢counled for on an accruals basis when the ¢harity is l¢gally entitled io the ii)com¢ and the amount can be quantified witli reasonable accuracy. Food doiiatioi)s cannot be acvuratelv measured; therefore, they are not included in income. Other gifts in kind are iniluded in (h¢ Siat¢m¢nt of Financial Aclivilies al ¢stimal¢d market valu¢. Grants from gov¢min¢nt and other ag¢n¢i¢s are accounted for in th¢ year in whi¢h Ihe Charity is legally entitled to the income and the amount can Ee quantified with reasonable accuracy. Investment income and associated income tax refi]nds 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 tinancial 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 241 Page DoGUSign Envelope ID." 023ED6EF.D7554C3AA62144B38BF89E52 St George's Crypt (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025 been met at the year-end date are noted as a commitment but not accrued as expenditure. ALLoc.ATIO￿ AND APPoRT1()￿'mrI.NT OF COSTS Costs of aLtivitics in furtlicranL¢ of the Lharity's objcctives rcprcscnts all cxpenscs. including depreciation, incurred in respect of the operation and maintenance of the hostels. This iiicludes management and adminiqiration ¢osts attributabl¢ to th¢ iiianagement of the chariiy's assets, organisalioiial adininislration and compliance M'iih consritulional and slalu¢Ory reqiiirements. Costs of generating funds represent the sLqff ¢osts, publi¢ity and fundraising ¢osts attributable lo promoting the charity s activity. Governance costs are those incurred in connection with organisational administration and compliance Mjith constitutional and statlltory reqliirements. The allocation of support costs is analysed in note 6 and all costs directly related and incurred in the delivery ot 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. Thc dcpreciation policy was last review'cd in 2018 and changcd so that it reflects more accurately the U5cful lifc of the asscts by using thc straight-linc tllethod for all asscts. Dcpreciation is provided using the following annual rat¢s'. Freehold properties (excluding land) l.¢as¢hold improvements Plant aiid matyhinery Fixtures, fittings and equipment Land 20/0 Straight liiie Over the length of th¢ lease 250/0 - 33.30/¢ srraighi line 20 / ?5 /D Straight line No depreciation ¢harge is made IMPAIRMENTS Fixed assets are r¢vi¢w¢d for impairment if events or ¢hang¢s in ¢ir¢umstan¢¢s indi¢at¢ that the carying amount may not be recoverable. RECOGNITIO￿ OF LIABILITIES Liabilities are recognised where there is a legal or constn]ctive obligation committing the charity to the expenditure. 251 Page DoGUSign Envelope ID." 023ED6EF.D7554C3AA62144B38BF89E52 St George's Crypt (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025 TAXATION St George's Crypt is a r¢gistrr¢d charity and as such is a charity within thc llicaning of sch¢dul¢ 6 of th¢ Firtanee Act 201 O. Accordingly, the Charity is potentiallv entitled to tax exemption under part I l of the Corporation Tax ALt •0 I O or S¢Ltion 256 of th¢ Taxatioii of Char¥cabl¢ Gains Act 1992 in r¢sp¢Lt of income and gains arising. FUND ACCOUNTINC. Unrestricted funds can b¢ used in a¢¢ordan¢¢ with th¢ ¢hariLqble obje¢tiv¢s at the dis¢r¢tion of the trustees. Designated funds ar¢ unr¢stricied funds which ar¢ set aside by the trusie¢s 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 tem]. INVEST.%IEf+lTS All listed investtnents are accounted for at their market value at the balance sheet date. All unli5t¢d invcsttncnts arc accountcd for at cost. REALISED ALYD ULYREALISED GAIIYS AND LOSSES All r¢alised and unrealised gains and losses on investment assets recognised in the accounts. Perjnanent diminutions in the value of fixed assets arc charged to the Statement of Financial ALtivities. PENSION COMNIITMENTS In Aligust 2014 the charit)w commenced pension payments under a defined contribution scheme, as part of auto-enrolment. The contributions pay