2023-08-31-accounts

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Company No. 10555864 Registered Charity No. 1173230

CROYDON PRIDE LTD

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 AUGUST 2023

CROYDON PRIDE LTD FOR THE YEAR ENDED 31 AUGUST 2023

COMPANY INFORMATION .......................................................................................................................... 2 TRUSTEES’ REPORT ........................................................................................................................................ Structure, Governance and Management ...................................................................................................... 3 Public Benefit ................................................................................................................................................ 3 Objectives and activities ............................................................................................................................... 4 Achievements and performance .................................................................................................................... 5 Reserves policy and risk management .......................................................................................................... 6 Trustees’ Responsibilities ............................................................................................................................. 7 INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF CROYDON PRIDE LTD .................. 8 Responsibilities and basis of report ............................................................................................................... 8 Independent examiner’s statement ................................................................................................................ 8 STATEMENT OF FINANCIAL ACTIVITIES ................................................................................................ 9 BALANCE SHEET ......................................................................................................................................... 10 NOTES TO THE FINANCIAL STATEMENTS………………………………………………..………..11-17

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CROYDON PRIDE LTD – REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

CROYDON PRIDE LTD

FOR THE YEAR ENDED 31 AUGUST 2023

CROYDON PRIDE LTD

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 AUGUST 2023

The trustees, who are also directors of the charitable company for the purposes of company law, submit their annual report and the financial statements of Croydon Pride Ltd for the year ended 31 August 2023. The trustees confirm that the annual report and financial statements of the company comply with current statutory requirements, the requirements of the company’s governing document and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102 - effective 1 January 2015) - (Charities SORP FRS 102).

STRUCTURE, GOVERNANCE AND MANAGEMENT

Croydon Pride is registered as a charity in England and Wales and incorporated as a company limited by guarantee. It is governed by its memorandum and articles of association. The management of the company is the responsibility of the trustees who are elected and co-opted under the terms of the Articles. The trustees are elected at the Annual General Meeting (AGM); or maybe co-opted during the year and elected at the subsequent AGM.

PUBLIC BENEFIT

Croydon Pride’s trustees have reviewed the Charity Commission guidance on public benefit and have prepared this report with that guidance in mind. The benefits provided by Croydon Pride clearly relate to its aims. No private benefits arise from its work.

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CROYDON PRIDE LTD – REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

CROYDON PRIDE LTD

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 AUGUST 2023

OBJECTIVES AND ACTIVITIES

To promote equality and diversity for the public benefit and in particular the elimination of discrimination on the grounds of sexual orientation or gender identity, including in particular but not exclusively by:

1) raising the awareness of the public with regard to all aspects of discrimination in society and issues and difficulties affecting the lives of lesbian, gay, bisexual and transgender (LGBT) people;
2) cultivating a sentiment in favour of equality and diversity in particular through celebrating the achievements of LGBT people and the diversity of the LGBT community;
3) advancing education and raising awareness in equality and diversity whether by teaching, interaction, performance or producing and/or displaying artistic and other materials;
4) producing publications, lectures, media, promoting public events and exhibitions, public advocacy and other means of communication;
5) associating with voluntary organisations, and/or governmental, public and private bodies to develop and maximise the effectiveness of voluntary organisations run by and for LGBT people;
6) staging and promoting LGBT events and in particular an annual LGBT festival;
7) promoting and providing resources where necessary for providing equality of access for members of the LGBT community to sports, training, employment, business or similar opportunities, where there are barriers to equal access for the time being;
8) promoting activities to foster understanding between people from diverse backgrounds;
9) conducting or commissioning research on equality and diversity issues and publishing the results to the public.

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CROYDON PRIDE LTD – REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

CROYDON PRIDE LTD

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 AUGUST 2023

ACHIEVEMENTS AND PERFORMANCE

The charity strives for LGBT+ tolerance and equality within Croydon’s diverse communities by staging inclusive events, including organising the annual Croydon PrideFest event – London’s second largest Pride Festival –which has firmly become marked in south London’s LGBTQ+ calendar of events.

On Sunday 28 August 2016 ‘Pride’ returned to Croydon for the first time in decades. Since then we have held a PrideFest each year with a break of two years during the pandemic.

During 2020 and 2021 due to the pandemic we were unable to put on our usual Pridefest summer event, but continued to support the local LGBT+ community through our on line presence and other smaller events, when permitted.

For 2023 (and running into 2024) Croydon was the London Borough of Culture, with our PrideFest as a major event within the calendar. With no funding being available from Croydon Council and most of the funding from our usual sponsors being swallowed by the Borough of Culture we were uncomfortably dependent upon the Borough of Culture for our funding. Although we were often assured of the funding being available delays and uncertainty meant that we were unable to commit ourselves to as much spending as early as we would have liked, resulting in less availability and increased costs.

During July we once again put on the Croydon Pridefest in Wandle Park. Increased in costs of many items, such as toilets, generators, fencing etc. were much greater than anticipated. Despite adverse weather conditions this outdoor event was a great success with over 1,200 people taking part in the parade and around 8,000 people attending throughout the day. Fundraising on the day helped with a financial shortfall, and highlighted the costs of putting on this free entry event.

With the loss of the Council grant, lower sponsorship income and increased costs we were once again unable to operate within our budget, and have had to agree delayed payment with a major contractor. The trustees have are assured that income in 2023/24 and potentially limiting operations will be sufficient for the operations of the year and to clear all outstanding costs from 2022/23.

Despite the financial challenges we were still able to have more stalls and a substantial parade. Our planning committee ensured that access for people with disabilities was planned in from inception rather than added on at the end. We were also very pleased to continue to have BSL interpreters to our main stage.

We are grateful for all the continued support we have received from our contractors, local businesses, the many individuals who have donated, and everyone who has supported us through these difficult times.

CROYDON PRIDE LTD – REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 Page 5

CROYDON PRIDE LTD

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 AUGUST 2023

RESERVES POLICY AND RISK MANAGEMENT

The Trustees recognise that control and management of risks is of crucial importance in ensuring the organisation’s future. The Trustees have deemed it prudent to have unrestricted funds (free reserves) held by the charity of at least three months of resources.

The charity has net assets as at year end. These financial statements are prepared on the going concern basis. The trustees have a reasonable expectation that the company will continue in operational existence for the foreseeable future. The trustees are confident that future will become available.

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CROYDON PRIDE LTD – REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

CROYDON PRIDE LTD

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 AUGUST 2023

STATEMENT OF RESPONSIBILITIES OF THE TRUSTEES

The trustees (who are also directors of charitable company for the purposes of company law) 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 Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

Select suitable accounting policies and then apply them consistently
Observe the methods and principles in the Charities SORP
Make judgements and estimates that are reasonable and prudent
State whether applicable UK Accounting Standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements
Prepare the financial statements on the going concern basis unless it is inappropriate to presume 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 of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

The trustees’ annual report has been approved by the trustees and signed on their behalf by;

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....................................................... Paula Goodwin CHAIR

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CROYDON PRIDE LTD – REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

CROYDON PRIDE LTD

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF CROYDON PRIDE LTD

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2023.

Responsibilities and basis of report

As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner’s statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
the accounts do not accord with those records; or
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination; or
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

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 reached.

Anthony Epton BA FCA CTA FCIE Goldwins Chartered Accountants 75 Maygrove Road London NW6 2EG

CROYDON PRIDE LTD – REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 Page 8

Croydon Pride Ltd ststement of financial activities {Incorporating An Income and Expenditure Account) For the year ended 31 August 2023 2023 Total 2022 Total Unrestricted Restricted Note Income from: Donations and1attle$ Charitsble activities other trading activities 51,686 50,500 6,000 51,686 50.500 6.000 82,831 10,000 7,882 Total incorne 108,186 108,186 100,713 Expenditure on: Raising funds Charitable activities 300 99,888 107,241 107,241 Total expenditure 107,241 107,241 100,188 Net income I lexpenditurel before net gains I {lossesl on investments 945 945 525 Net gains I Ilossesl on investments Net income I lexpenditurel for the year 945 525 Not income Iloxpenditurel beforo other recognised gains and losses 945 945 525 Reconciliation of funds: Total funds brought fOnard 6,191 6,191 5,666 Totsl funds carried forward 7.136 7.136 6,191 All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those staled above. The attached notes form part of these financial statements. Page | 9

Croydon Pride Ltd Balance sheet As at 31 August 2023 2023 2023 2022 2022 Note Current assets.. Debtors Cash at bank and in hand 18,940 3,297 22.237 14,900 3,602 18,502 Liabilities: Creditors.. amounts falling due within one year 10 115.100) {12,3111 Net current assets I Iliabilitiesl 7.137 6,191 Total assets less eurrent liabilities 7,137 6,191 Creditors. amounts falling due after one year Total net assets I Iliabilitiesl 7.137 6,191 The funds ofthe charity: Restricted funds Unreslricled funds.. 12 General funds 7.137 6,191 Total unrestricted funds 7,137 7.137 6,191 Total charity fund$ 6,191 The Trustees consider that the company is enlilled to exemption from the requirement lo have an audit under the provisions of section 477 of the Companies Act 2006 and members have not required the charitable company to obtain an audit for the year in question in accordance with section 476 of the Act. The Trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements. The financial statements have been prepared in accordance with the special provisions relating to companies subject lo the small companies regime within Part 15 of the Companies Act 2006 and in accordance with Accounting and Reporting by Charities." Statement of Recommended Pmcticè applicable lo charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102 - effective 1 January 20151. Approved bythetrustees on ..0.1.May.2024....................... and signed on their behalf by.. Paula Goodwin Chair Company registration no. 10555864 The attached notes fonm part of the financial slatemenls. Page 110

Croydon Pride Ltd Notes to the financial statements For the year ended 31 August 2023 Accounting policies al Basis of preparation The finanal statements have been prepared in accordanTr wth Accounting and Reporting by Charities". Staternent of Recomrnended Practi applicable to charities preparing their accounts in accordance with the Financial Reporting Standard 8ppIic8ble in the UK and Republic of Ireland IFRS 102 effective 1 January 20151- Icharities SORP FRS 1021 and the Companies Act 2006. Croydon Pride Ltd meets the definition tsf a public benefit entrty under FRS 102. Assets and liabilities are Initially gnised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note. bl Golny ¢on¢ern The trustees consider that there are no material uncertainties about the charitable comp8ny's ability to cnntinue as a going n¢em. The trustees do not consider that the are any sources ol estimation uncertainty at the porting date that have a significant risk of causing s material adjustment to the carrying arnounts of asset5 and liabilities within the next reporting period. cl Income Income is recognised when the charity has entitletnent to the funds, any Performan conditlOn5 attached to the incorne have been met. it is probable that the Ille will be received and that the amount C8n be measured reliably. Income trom govemment and other grants, whether 'caprtal' grants or 'revenue' grants, Is re¢ognised when the charity has entitlement to the funds. any Performan conditlons attached to the grants have been rnet, it is probable that the income will be received and the amount can be measured reliably and is not deferred. Income received in advance for the provision of specified servic£ is deferred until the criteria for income recognition 8re met. For legacies. entitlement is t8ken as the earlier of the date on which either. the charity is aw8re that probate has been granted. the estate has been finalised and notification has been made by the executor(sl to the charity that a distribution wwll be made, or when a distribution is received from the estate. Receipt of s legacy, in whole or in part, 15 only considered probable when the amount can be measured lIablY and the Charity has been notified of the exe¢utor's intention to make a distribution. Where legacies have been notified to the charity. or the charity is aware of the granting of probate, and the criteria for income recognition have not been mel, then the legacy Is a tated as a contingent asset and disclosed if material. dl Donations of gifts. seNices and facilities Don8ted professional servi5 and donated facilities are recognised as income when the charity has control over the itern or re1Ve the servi, any conditions a$so¢iated wth the donation have been met, the receipt of e¢onomic benefit from the use by the Charity of the item Is probable and that economic benefit can be measured reliably. In accordants with the Charrties SORP IFRS 1021, volunteer time is not recognised so refer to the trustees, annu81 report for more information about their contribution. On receipt, donated gifts, professional serviTrs and donated facilities are recognised on the basis of the value of the gift to the Charity ¥vhi¢h Is the amount the charity would have been willing to pay to obtain servi$ or la¢ilrties of equivalent economic benefit on the open market.. a ¢orresponding amount 1$ then re¢ognised in expenditure in the period of reipt. el Interest CeIVable Interest on funds held Dn deposit is included when receivab and the amount can be measured reliably by the charity.. this is normally upon notification ol the interest paid or payatile by the bank. Fund a¢¢ountlng Unreslricled funds are available to spend on activities that further any of the purposes of charity. Designated funds are unrestricted funds of the charity which the trustees have de¢ided at their discretion to set aside to use for a spe¢ific purpose. Restricted funds are donations which the donor ha5 SPefied are to be solely used for particular area5 of the charity's work or for specific projects being undertaken by the charity. Page 111

Croydon Pride Ltd Notes to the financial statements For the year ended 31 August 2023 Accounting policies Icontinuedl gl Expenditure and irrecoverdble VAT Expenditure is nised once there is a gaI or constructive obligation to make a payment to a third party. it is probable that settlement will be reqUId and the amount of the obligation can be measured lIablY. EXpendrtU Is classified under the following activity headings. Costs of raising funds comprise of trading costs and the costs incurred by the charitable company in inducing third parties to make voluntary contribution5 to it, a5 well as the cost of any activities with a fundra151ng purpose. Expenditure on charitsble activities includes the costs of delivering servi$ undertaken lo further the purposes of the ¢harrty and their associated support costs. other expenditu presents those Items not falling into any other heading. Irrecoveoble VAT Is Charged as a cost against the activity for which the expenditu was incurred. h) Allocation of Support cost8 Support cost5 ale those function5 that assist the work of the chaiity but do not directly undertake charitable activitie5. Support costs indude back office costs. finance, personnel and governance costs which support Tourism Concern's charitable activities. These costs have been allocated between cost of raising fund5 and expenditure on charitable activities. The bases on which support ¢osts have been allocated are set out in note 6. il Operdting lea5e5 Rental charges a charged on a straight line basis over the term of the lease. j) Tangible fixed assgts Items of equipment are eapitalised where the purd)ase price exceeds £200. Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. kl Debtors Trade and other debtors are COgnised at the settlement amount due after any trade discount Offed. Prepayments are valued at the amount prepaid net of any trade discounts due. 11 Cash at bank and in hand Cash at bank and cash In hand includes cash and bank deposit or similar acctsunt. ml Creditors and provisions Creditors and prov1510n5 are recognised where the charity has a present obligation resulting frorn a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be tneasured or estimated reliably. Creditors and provisions are normally recognised at their Settlement amount after allowing for any trsde discounts due. n) Flnanclal Instruments The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial Instruments are Initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank Iosn5 which are Subsequently measured at amorti5ed cost using the effective interest method. ol Pensions The charity did not operate stakeholder pension schernes. Page112

Croydon Pride Ltd Notes to the financial statements For the year ended 31 August 2023 2 Dotailed comparatives for the statement of financial activities 2022 Unrestricted 2022 Restricted 2022 Total Income from: Donations and legacies Charitsble activities Other trading activities 82,831 10,000 7,882 82,831 10,000 7,882 Total income 100,713 100,713 Expenditure on: Raising funds Charitsble activities 300 99,888 300 99,888 Total expenditure 100,188 100,188 Net income l expenditure before gains I Ilossesl on investments 525 525 Nel gains I Ilossesl on investments Net income l expenditure 525 525 Transfers belHeen funds Net income I lexpenditurel before other recognised gains and losses 525 525 Net movement in funds Total funds brought forward Total funds carried forward 5,666 6,191 5,666 6,191 Page | 13

Croydon Pride Ltd Notes to the financial statements For the year ended 31 August 2023 3 Income from donations and legacies 2023 Total 2022 Total Unrestricted Restricted Donations PrideFest Sponsorship Other Event & Sponsorship 9,691 41,995 9,691 41,995 45,892 36,300 639 51,686 51.686 82,831 4 Income from charitable activities 2023 Total 2022 Totsl Unrestricted Restricted Grant income LB of Culture Grant Local Giving 50,000 500 50,000 500 10,000 50,500 50,500 10,000 5 Income from other trading activities 2023 Total 2022 Total Unrestricted Restricted Stall holder 6,000 6,000 7,882 6,000 6,000 7,882 Page | 14

Croydon Pride Ltd Notes to the financial statements For the year ended 31 August 2023 6 Analysis of expenditure Cost of raising funds Charitable activities Support costs 2023 Total 2022 Total Direct costs Community Support Croydon Pride Fest". Marketing & Fundraising Performance Production Administration expenses IT expenses Sundry Website Independent examiner fees Fundraising 350 1,058 20,000 74,724 1,058 20.000 74.724 8,176 5,000 75,010 278 81 10,000 1,100 278 81 10.000 1,100 254 10,098 1,000 300 2023 total Support costs 95,782 11,459 11,459 111,4591 107,241 100,188 107,241 107,241 2022 expenditure 107,241 Of the total expenditure, £107,241 was unrestricted. Analysls of expendlture {prlor yearl Cost of raising Charitable activities Support costs 2022 Total Direct costs Community Support Marketing & Fundraising Performance Production Administration expenses IT expenses Website Independent examiner fees Fundraising 350 8,176 5,000 75,010 350 8,176 5,000 75,010 254 10,098 1,000 254 10,098 1,000 300 300 2022 total Support costs 300 88,536 11,352 11,352 111,3521 100,188 300 99,888 100.188 Page115

Croydon Pride Ltd Notes to the financial statements For the year ended 31 August 2023 Net income l (expenditure) for the year This is slated after charging I Icreditingl". 2023 2022 Independent examiner fee (excluding VATI 1,100 1,000 8 Analysis of staff costs. trustee remuneration and expenses, and the cost of key management personnel The charity did not employ staff during the year. The trustees We not paid or received any other benefits from employment with the company in the year 12022.. £nill. No trustees received payment for professional or other services supplied lo the charity 12022.. £nill. Debtors 2023 2022 Other debtors Prepayment 15,000 3,940 14,900 18,940 14,900 10 Creditors: amounts falling due within one year 2023 2022 Taxation and social security Accruals 198 12,113 15,100 15,100 12,311 Page116

Croydon Pride Ltd Notes to the financial statements For the year ended 31 August 2023 11 Analysls of net assets between funds General unreslricled Total funds Designated Restricted Net current assets 7,137 7.137 Net assets at the end of the year 7,137 7.137 Analysis of net assets between funds (prior yearl unrestricted Designated Restricted funds Net current assets 6,191 6.191 Net assets at the end of the year 6,191 6,191 12 Movements in funds Incoming resources & gains Outgoing resources & losses At the start of the year At the end of the year Transfers Unrestricted funds General funds 6,191 108,186 1107,2411 1107,2411 7,136 Total unrestrlcted funds 6,191 108,186 7.136 Movements in funds {prior yearl Incoming resourTrs & gains Outgoing resources & losses At the stsrt of the year At the end of the year Transfers Unrestricted funds General funds 5,666 100,713 1100,1881 6,191 Total unrestricted funds 5,666 100,713 1100,1881 6,191 13 Operating lease commitments The charity did not have future minimum lease payments under non-cancellable operating leases. 14 Related party transactions The charity has no related party tmnsaclions during the year.12022". Nil) Page117

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CROYDON PRIDE LTD

CROYDON PRIDE LTD FOR THE YEAR ENDED 31 AUGUST 2023

Contents

CROYDON PRIDE LTD

FOR THE YEAR ENDED 31 AUGUST 2023

COMPANY INFORMATION

CROYDON PRIDE LTD

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 AUGUST 2023

STRUCTURE, GOVERNANCE AND MANAGEMENT

PUBLIC BENEFIT

CROYDON PRIDE LTD

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 AUGUST 2023

OBJECTIVES AND ACTIVITIES

CROYDON PRIDE LTD

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 AUGUST 2023

ACHIEVEMENTS AND PERFORMANCE

CROYDON PRIDE LTD

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 AUGUST 2023

RESERVES POLICY AND RISK MANAGEMENT

CROYDON PRIDE LTD

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 AUGUST 2023

STATEMENT OF RESPONSIBILITIES OF THE TRUSTEES

CROYDON PRIDE LTD

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF CROYDON PRIDE LTD

Responsibilities and basis of report

Independent examiner’s statement