REGISTERED CHARITY NUMBER: 1156555
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025
FOR
NEWARK CRUSADER CIO

NEWARK CRUSADER CIO
INDEX TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025
Page
General Infomiation
Trustees Annual Report
Independent Examiners Report
Income and Expenditure Account
Statement of Assets and Liabilities
Notes to the Financial Statements

NEWARK CRUSADER CIO
GENERAL INFORMATION
FOR THE PERIOD ENDED 31 MARCH 2025
CHARITY NUMBER
1156555
PRINCIPAL ADDRESS
J Wilkinson
Clo Newark Marina Limited
26 Farndon Road
Newark on Trent
Nottinghamshire
NG24 4SD
INDEPENDENT EXAMINERS
tcp
1 Crow Hill Drive
Mansfield
Nollinghamshire
NG19 7AE
BANKERS
Nat West Bank
1 Market Place
Newark on Trent
Nottinghamshire
NG24 1DY
Page 1

NEWARK CRUSADER CIO
TRUSTEES ANNUAL REPORT
FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025
Introduction
The Trustees present their report and the financial statements of the charity for the period ended 31 March
2025. The trustees have adopted the provisions of the Statement of Recommended Practice (SORPI
"Accounting and Reporting by Charities" (FRS 102) in preparing the annual report and financial statements
of the charity.
Charitable Status
The Newark Crusader CIO is registered with the Charity Commission under registration number 1156555.,
its registered address is Clo Newark Marina Ltd 26 Farndon Road, Newark, Nottinghamshire NG24 4SD.
Organisation and Structure
The day to day management of the boat is carried out by James Wilkinson wtth assistance from Ross Haddow
(Administrator) and Andrew Fearn. Stuartcrampton mainlains the accounting records along with the finances
of the charity and reports directly to the trustees on a regular basis.
Trustees
The Trustees during the year and at the yearend were..
James Wilkinson
Andrew Fearn
All Trustees were appointed under the terms of the Trust Deed.
Administrator
The administrator's post is held by Ross Haddow.
Objectives and Activities
The Newark Crusader CIO was registered 07 April 2014.
The main object of the charity is to provide or assist in the provision of facilities in the interest of social welfare
for recreation or other leisure time occupation of individuals who have need of such facilities by reason of
their youth, age, infirmity or disability, financial hardship or social circumstances, with the object of improving
their conditions of life.
Financial Activities and Review of the Period
There is no major work required on the Crusader. We will continue with general maintenance.
Plans for the Future
The charity will continue to identify and engage with additional groups that could benefit from the boat's
services.
Page 2

NEWARK CRUSADER CIO
TRUSTEES ANNUAL REPORT
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
(CONTINUED)
Trustees, Responsibilities
The trustees are responsible for preparing the Trustees. Annual Report and the financial statements in
accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally
Accepted Acmunting Practi￿).
The law applicable to charities in England & Wales requires the trustees to prepare financial statements for
each financial year which give a true and fair view of the state of affairs of the charity and of the incoming
resources and application of resources of the charity for that period. In preparing these financial statements.
the trustees are required to..
select suitable accounting wlicies and then apply them consistently.,
observe the methods and principles in the Charities SORP 2022 IFRS 102).,
make judgements and estimates that are reasonable and prudent.,
state whether applicable accounting standards have been followed, subject to any
departures disclosed and explained in the financial statements.,
prepare the financial statements on the going concern basis unless it is inappropriate to I
that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy
at any time the financial position ofthe charity and enable Ihem to ensure that the financial statements comply
with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the
trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking
reasonable steps for the prevention and detection of fraud and other irregularities.
Adopted Policy on Reserves
The charity adopts the policy on reserves of keeping the £2,500 loan in place and £2,500 reserves in case of
unforeseen circumstances. Boat repairs. running costs a will be met through income re￿iVed from
passengers.
Risk Management
The trustees have considered the major risks to which the charty may be exposed and have taken steps to
mitigate these.
Signed on behalf of the Trustees
J Wilkinson
T￿stee
05 January 2026
Page 3

NEWARK CRUSADER CIO
INDEPENDENT EXAMINERS REPORT TO THE
TRUSTEES OF NEWARK CRUSADER CIO
FOR THE PERIOD ENDED 31 MARCH 2025
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 March
2025 which are set out on pages 5 to 9
Responsibilities and basis of report
As the charity's trustees you are responsible for the preparation of the accounts in accordance with the
requirements of the Charities Act 2011 ('the Act,).
I report in respect of my examination of the charity's accounts carried out under section 145 of the Act and
in carrying out my examination I have followed all the applicable Directions given by the Charity Commission
under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection
with the examination giving me cause to believe that in any material respect..
accounting records were not kept in respect of the charity as required by section 130 of the Act,. or
the accounts do not accord with those records
I have no concerns and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be
ached.
tcp
1 Crow Hill Drive
Mansfield
Nottinghamshire
NG19 7AE
05 January 2026
Page 4

NEWARK CRUSADER CIO
INCOME AND EXPENDITURE ACCOUNT
FOR THE PERIOD ENDED 31 MARCH 2025
Unrestricted
Funds
2025
Restricted
Funds
2025
Total
Funds
2025
Totsl
Funds
2024
Incoming Resources
Incoming reSoUr￿S from charitsble activf(ies"
Trips
Incoming resour￿$ from generated funds..
Donations re￿iVed
14.893
14.893
20,046
Total incoming resour￿$
14.893
14.893
20,046
Resources Expended
Charitable activities..
Skipper salary
Boat insurance and license
Boat fuel and maintenan
3.791
7,033
3.791
7,033
3,679
15,084
10,824
10,824
18,763
Management and administration..
Telephone
Website
Sundry administration
Professional fees
172
166
1.280
172
166
1,280
164
241
1,525
1,618
1,618
1,930
Total reSoUr￿S expended
12A42
12.442
20,693
Net incomingl{outgoing} resources
2,451
2,451
16471
Transfers between funds
Funds balance brought forward at 1 April 2024
11,554
35,017
46,571
47,218
Funds balance carry forward at 31 March 2025
14,005
35,017
49,022
46,571
Page 5

NEWARK CRUSADER CIO
STATEMENT OF ASSETS AND LIABILITIES
AS AT 31 MARCH 2025
AsAt
31103125
AsAt
31103124
Notes
FIXED ASSETS
Boat
Land and coastal ramp
12.283
22.734
12,283
22,734
CURRENT ASSETS
Nat West current account
17.614
14,919
52.631
49,936
CREDITORS- amount falling due after one year
Olher credilors
Accruals
(2.5001
{1.1091
12,5001
(8651
NET ASSETS
49,022
47,218
RESERVES
Unrestricted Funds
Restricted Funds
14,005
35,017
11,554
35,017
49,022
46,71
Page 6

NEWARK CRUSADER CIO
NOTES TO THE FINANCIAL STATEMENTS
31 MARCH 2025
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of Preparation
The charity constr'tutes a public benefrt entity as defined by FRS 102. The financial statements have been prepared
in accordance wilh Accounbng and RetX)rting by Chanbes. Statement of Recommended Practice applicable to
charities preparing their accounts in accordan￿ wth the Financial Reporting Standard applicable in the UK and
Republic of Ireland issued in October 2022, the Charities Act 2011 and UK Generally Accepted Accounting
Practice.
The financial statements are prepared on a going concem basis under the historical cost convention, modified to
include certain items at fair value.
The significant accounting policies applied in the preparalion of Ihese financial statements are set out below.
These poliaes have been consistenuy applied to all years presented unless otherwse staled.
Funds
As required, the funds of the chanty have been accounted for as restricted. designated or unrestricted as required.
Unrestricted funds are available for use at the discretion of the trustees in fijrtherance of the general objectives of
the charity and which have not been designated for other purp)ses.
Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes.
The aim and use of each designated fund is set out in the notes to the financial statements.
Restricted funds are funds which are to be used in accordan￿ with specific restrictions imposed by donors or
which have been raised by the charity for particular purposes. The cost of raising and administering such funds
are charged against the specific fund. The aim and use of each restricted fund is set oul in the notes to Ihe finanaal
statements.
Income recognition
All incoming reSoUr￿S are induded in the Income and Expenditure Account when the charity is legally entitled to
the income after any performance conditt.ons have been met. the amount can be measured reliably and it is
probable that the income will be received.
For donations to be recognised the charty will have been not.fied of the amounts and the settlement date in
writing. If there are conditions attached to the donation and this requires a level of performance before entitlement
can be obtained then income is deferred urrtil those conditions are fully met or the fulfilment of those conditions is
thin the control of the charty and it is probable that they will be fulfilled.
Fixed asset gifts in kind are recognised when r￿1Vable and are included at fair value. They are not deferred over
the life of the asset.
Expenditure recognition
All expenditure is accounted for on an accruals basis and has been dassified under headings that aggregate all
costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make
payments to third parb"es, rt is probable that the settlement wll be required and the amount of the obligation can
be measured reliably.
Irrecoverable VAT is charged as an expense against the activity for ￿lch expenditure arose.
Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreaation and
accumulated impairment losses. Cost indudes costs directly attnbutable to making the asset capable of operating
as intended. Depreciation is provided on all tsngible fixed assets, at rates calculated to write off the cost, less
estimated residual value, of each asset on a systemalic basis over its expected useful life.
The boat has not been depreaated but has undergone an impairment review. The asset is well maintained and
is holding its value and the Trustees are of the opinion that the market value would be equwalent to the carrying
value of the asset.
Page 7

NEWARK CRUSADER CIO
NOTES TO THE FINANCIAL STATEMENTS
31 MARCH 2025
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued}
Tax
The charty is an exempt charty within the meaning of schedule 3 of the Charities Act 2011 and is considered to
pass the tests set out in Paragraph 1 Schedule 6 Finan￿ Act 2010 and therefore it meets the definition of a
charitable company for UK corporation tax purposes.
Going concern
The financial statements have been prepared on a going ￿n￿rn basis as the trustees believe that no material
uncertainties exist. The trUSt￿S have considered the level of fijnds held and the expected level of income and
expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is
sufficient with the level of reserves for the chanty to be able to continue as a going COn￿rn.
Related party transactions
The Trustees have lent the Charity sufficient funds to cover the working capital in the short term. There is no
agreement in pla￿ for repayment but the Trustees have confirmed that they will not request repayment until such
a lime as there are sufficient surplus funds available.
TANGIBLE FIXED ASSETS
RESTRICTED ASSETS
Ramp
Boat
Totals
Cost
As at 1 April 2024
Addits'ons
22.734
20.000
42.734
As at 31 Marth 2025
22.734
20.000
42.734
Depreciation
As at 1 April 2024
Addib'ons
7.717
7.717
As at 31 Marth 2025
7.717
7,717
Net Book Value
As at 31 Marth 2025
22.734
12.283
35.017
As at 31 Marth 2024
22.734
12.283
35.017
ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted
Funds
Restricted
Funds
Total
Funds
Tangible fixed assets
Nal West current account
Short term liabilities
Long temi liabilities
35,017
35,017
17.614
(1,1091
{2,5001
17.614
(1,109)
(2,500)
Total Net Assets
14,005
35,017
49,022
Page 8