Charity registration number 1176149 CROWN CRESTCHARITABLE INCORPORATED ORGANISATION ANNUALREPORT AND FINANCIALSTATEMENTS FOR THE YEAR ENDED 5 APRIL2024
CROWN CRESTCHARITABLE INCORPORATED ORGANISATION LEGALAND ADMINISTRATIVE INFORMATION TRUSTEES Shehzad T8yub MrSTayub Graham Page CHARITYNUMBER 1176149 AUDITOR Kllsby &Wllllams LLP Ced8r House Hazell Drlve Newport Gwent NPIO BFY
CROWN CRESTCHARITABLE INCORPORATED ORGANISATION CONTENTS Page Report report Independent audltor's report statement of flnanclal activltlgs Balance sheet Statement of eash fl¢)ws 10 Notes totheflnanelal statsments 11-15
CROWN CRESTCHARITABLE INCORPORATED ORGANISATION REPORT REPORT FOR THE YEAR ENDED 5 APRIL2024 The trustees presentthelrannual report and financlal staternents forthe yearended S Aprll 2024. The flnanclal statements have been prepared in accordance with the accounting policies set out Sn note I to the financial stateffler)tS and Comply with the CIO'S govarning document, the Charltles Act 2011 and "Accountlng and Reporting by Charities.. Statement of Recommended Practlce applicable to charitles preparing their aecounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland Ims 1021 leffectiv@ l January 2019). OBJECTIVES ANDACTIVITIES Pub/icb8nelit The charltytrustees shall applythe capltal and income of the CIO at such tlme ortlrnes and In 5u¢h mannerfor the purposes of relievlng poverty, or educ8tlon orotherwis8 making provision for publlc beneflt In all cases for such exclusively choritable objactsand purposes In any part ofthe world as thetrustees sgefit. The prlneip81 method of provldlng public bengflt shall be the provlslon of grant8 to oth9r organlsatlons reglstered wlth thecharlty Commlsslon. Th8trustees have had regard tothe guldance Issued bythe Charltycommlsslon on publSc beneflt. ACHIEVEMENTS AND PERFORMANCE S/gnificantactlvlt16s&nd8chieven7ents8galnstobjectlv8S The CIO was reglstered on 7th DecemL)er 2017 wlth a vlew to provlde grants to oth$r charltable organlsatlons Snthe future. FINANCIALREVIEW Resgrvespollcy It Isthe policy of the Charltythat unrestrSrt8d funds whith have not been deslgnated fora 5peclfi¢ use should be maintalned at a19V91 aquivalent to betweern three and six months expendlture. The trustees consider that reserves at this level will ensure that, In the event of a signlff¢ant drop in tunding, they wi11 be able to contlnue the Charlty's current activltl8s whlle conslderation Is giver) to way5 in which aoditlonal funds may be raise¢J. This level of reseNes hès been malntained throughouttheyear. STRUCTURE. GOVERNANCE AND MANAGEMENT The Charity is a company limited byguarantee. Thetrustees who served during theyear and up tothg dats of signature of the flnanclal statements were.. Shehzad Tayub MrSTayub Graham Page
CROWN CRESTCHARITABLE INCORPORATED ORGANISATION REPORTREPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL2024 STATEMENTOFREPORTRESPONSIBILMES The trustees are responsiblé for preparlng the R@PDrt R8portand the financlal statements In accordance with appllcable law and United Kingdom Accountlng Standards (Unlted Klngdom Gonerally A¢¢8Pted Accounting Practice). The18w applicable to ¢harities in England and W81es requlres thetru5tees to prepare financial ststements for gach financial year which give a true 8nd fair view of the state of affairs of the Charity and of the incoming resources and application of resoureasof th6Charltyforthat year. In preparfngthes8 financial stat&mBnt4 th• trusteesare requlrgdto.. select sult8ble accountlng pollcles and then applythem ¢onslstently', - obgervethe methods and prlnclples InthgCharltl8s SORP., - mak8 judgements and astim8tasth8taTe reagonable and prudent: stato whèther applicable accountlng standards have betsn followed, svblect to 8ry material departures dlsclosed and explBlned Intheflnanclal statements., and préparè the flnancl81 statements on the golng ¢on¢ern ba818 unless It Is Inappfoprlats to presume that tha charlty wlll contlnue In op6ratlon. The trust9e$ gr8 responslble for keeping sulflclent accountlng record8 that dl$clDSÈ wlth re88onable accuracy at any tlme the flnanclal posltlon of thg Charity and enab19 thom to ensure that th8 flnanclal statements comply with the Charitlo$ Aet 2011, thg Charity (Accounts and Report8) Regulatlons 2008 and the provlslons of th9 trust d80d. Thèy arè also r8$ponslble for safeguarding tho assets of the Chartty and hence fortaklng reasonablo St&ps forthe preventioThand detectlon of fraud and other irregularlties. The Report reportwas approved by the Board ofTrustees. Shehzad Tayub TRUSTEE
l<ilsby Williams. CROWN CRESTCHARITABLE INCORPORATED ORGANISATION INDEPENDENT AUDITOR'S REPORT TOTHE TRUSTEES OF CROWN CRESTCHARITABLE INCORPORATED ORGANISATION Oplnlon We have audlted the financial st8tements of Crown Crestcharltable Incorporated Organisation Ithe'charlty'l for the year ended 5 Aprll 2024 which comprlse the statement of flnanclal actlvltles. the balance sh&et, the statement of cash flows and notes to the financial statements, Includlng slgnlficant accounting policies. The flnanci81 reportlng framework that has been applied in their preparatlon Is appllcable law ano Unbted Klngdom Accountlng Standards, Inclurjlng Financial Reportlng Standard 102 The Flnanclal R8POrtlng St&nd8rd applic8bleln theUKandRepublicof/r818nd{Unlted Kingdom Generally Accepted Accountlng Pra¢tlcel. Inouropinion, the financlal statements.. give a true and farr vlew of the state of the charltys affalrs a$ 8t 5 Aprll 2024 8nd of Its Incomlng resources and appllcation of re80urces, forthe year then ended., have beeft proparly prepared In accordance wlth Unlted Klngdorn Generally Accapted Accountln9 Practlce,. and have b&en prepared In accordancewlththe requlrem&nts of thecharltles Act 2011. Basls foroplnlon We conducted our audlt In accordane¢ wlth Internatlonal Standards on AuditSng IUKI IISAS IUKI) and appllc8ble law. Our re$ponsibSlltles under those standards arg further described In the Audit¢YS r&sponsibilities for the 8udlt ol the fln8ncl81 st8tem8nts seetlon of our report. We are Independent of the Cherlty In accordance with the ethlcal requirements that are rglevant to our audit of the financial statements In th8 UK, Inclu(Jlng the FRCè Ethlc81 Standard. and we have lulfillgd our other ethical responsibilities in accordance with thase requirernents. We belleve that the audlt evldence we have obtainodls Sufflclent and approprlateto provide a ba51s forour opinlon. Concluslon$ Yel•tlng to golng conc•m In auditing the flnarsc1al statements, we hav8 concluded that the Report use of the golng concern basls of 8ccountSng ir) the preparatlon of the flnanclal statements is approprlats. Based on thÈ work we hove perforwned, we have not idontlfled any material uncertainties relatlng to event9 or condltions that, individually or collectively, may cast significant doutst on the Charitys ability to ntInue as a going concern for a perlod of at least twelve months from when the financial statements are authorised ftjr Issue. Our responsibllitles and the responsibilitles of thetrustees with respect to going concern are described in the relevant sections of this report.
Ililsby Williams. CROWN CRESTCHARITABLE INCORPORATEDORGANISATION INDEPENDENT AUDITOR'S REPORT (CONTINUED) TOTHE TRUSTEES OF CROWN CRESTCHARITABLE INCORPORATED ORGANISATION Other inform•tlon The other information comprises the informatlon included In the annual report other than the flnancial statements and our auditor's reportth&r8on. The trustees are responslble forthe other Intormation contained wlthin the annual report. OUT opinion on the flnanclal statements does not cover the other informatlon and we do not express any form of assurance conclvslon thereon. Our responslbility Is to read th8 othèr infoTm8tlon 8nd, In doing so. consider whether the other Informatlon 18 materially inwnsistent with the flnar)clal statements or our knowledge obt8lned In the course of the audit, or otherwlse appears to be materlally mlsststed. If we Identlfy such materlal Incorsslstencies or apparent rnaterlal mlsstataments, we are required to determine whether thls glves rlse to a mater181 mlsstatement In the financS8l statements themselves, If, based on the work we have performed. we conclude that there Is a mèterial mlsstatement of thls other InfoTmatlon, we arg r9quir8d to reportthat faet. We have nothlng to report In thl$regard. Mètter8 on whlch we are requlred to roport by ¢x¢¢ptlon We have nothlng to rgport In respect of thè followlng matters In relatlon to whlch thg Charltles IAecount8 arKI R9POrtsl Regulations 2008 rèqulre usto reportto you Sf, In our opSnlon.' the Informatlon given In the fln8nclal 8t8tements Is Inconslstent In any materlal respect wlth th8 Report report., or sufficlent accountlng records have not been kept., or the financlal statements are not In agreement wlththe 8c¢ountlng records- or we have not received all the Informatlon and 9xplanatlons we requlre for our audlt. Respon¥lbllltlos of trustees As explalned more fully In the ststement of Report responsibllStlgS, the tTUStees are responslble for the pr8parètion of the flnanelal statements and for belng satisflod that they give a true and falr vlew. and for su¢h Internal control as the trustees determlne is necessary to enable the preparation offlnanelal statements that are free from rnaterlal misstatement. whether due to fraud or error. In preparing the flnanclal statements, the trustees are responsible for assesslng thg Charity's ability to eontlnue as a going concern, disclosing, 88 appllcable. metters related to going ncern and using the goln9 concern basis of accounting unless tho trustees either intend to cease operation8. or have no realistic altemative but to do so. Auditor's regpon$lblllties forthe audit of thefinanclal statements We have bèen appolnted as auditor under section 144 of the Charlties Act 2011 and report In accordance wlth the Act and relevant regulation5 made or having effect thereunder.
Ililsby Williams. CROWN CRESTCHARITABLE INCORPORATEDORGANISATION INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF CROWN CRESTCHARITABLE INCORPORATED ORGANISATION Ourobj8Ctlves are to obtain reasonable assurance 8boutwhetherth&flnancial stateménts as 8 whole are free from material mlsstatem&nt, whether due to fraud or error, and to Issue an auditor's report that Includes our oplnlon. Reasonable assurance Is a high level of assurance bLrt Is not a guarante2 that an audit conducte(S in accordancè wbth ISAS IUKI will always detect a material misstatement when it exlsts. Mlsst*ement5 Can arlse from fraud or error and are consldered material If. individually or In the Èggregate. they could reagonèbly be expected to Influence theeconomlc decislons of u$erstaken on the basls of thg8e flnanclal statem9nt8. Irre9ulailtles, Includlng fraud, are instances of non-compllance wlth laws and regulatlons. We design procedures In Ilne with our responslbllltles, outllned above, to detect materlal mlsstatements In respect of Irregularlties, includlng fraud. The extent to whlch our procedures ere capabl& of detecting Irregularitlgs. Ineluding fraud is detalled belgw.. We galned an understancllng of tha legal and regulatory framework applicable to thg company and the Industry In whlch It operates, and consldered the rlsk of acts by the company that were eontraryto appllcable laws and regulatlons, including fraud. Wo deslgned audlt procedures to respond to the rlsk recognlslng thèt the rlsk of not d@t8cting a mat8rlal mlsstatement due to fraud Is higher then the rlsk of not detectlng one resulting from error. as fraud mty Involve dellberats conce8lmgnt by, for example, forgery or Intentlonal mlsropresentatlons, orthrough collusion. We focussed on laws and regulations. whlch could glve rise to 8 materlal M$stat9ment in the flnanclal Statements, Including. but not limlted to, the Comp8nles Act 2006 and UK tax leglslatlon. Our tests inclu(Jed agreelng the flnanclal ststement dlsclosures to underlying supportlng documentatlon, enqulrles wlth management and enqulrles of leg81 counsel. There are Inherent Ilrnitatlons in the au(Jlt procedures descrbbed above and. the further removed non-compll8nce wlth laws and regulations is fromthe events and transactlons reflected In the financial statements. the less Ilkely we woulcl become aware of it. We did not idgntlfy any key audlt matters rèlating to irregularlties, includSng fraud. As Sn all oijr audits, we also èddressed the rlsk of management override of Internal contro15, includlng testing journals and evaluatSng whethgr there was evldence of bias by the dlrectorsthat represented 8 rlskof material mlsstatement due to fraud. As part of an aud in 8rdanCewrth ISAS IUKI, we exerclse professionalludgment and malntain professional scepticlsm throughout the8udlt.Wealso'. Identlfy and assess the rlsks of material mlsstatement of the financlal statements. whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that Is suffielent ana approprSate to provide a basis for our opinion. The risk of not detectlng a material misstatement resulting from fraud is higher than for one resulting from error. as fraud may involve ollusion, forgery, intentional omissions. misrepresentations. orthe overrid8 of internal control. Obtein an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. but not for the purpose of expressing an opinion on the effectivenes5 of the internal wntrol.
l<ilsby Williams. CROWN CRESTCHARITABLE INCORPORATEDORGANISATION INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF CROWN CREST CHARITABLE INCORPORATED ORGANISATION Evaluat& the appropriateness of accountSng policies used and the reasonableness of accountlng estlmates 2nd related dlsclosures made bythetrustees. Conclude on the appropr18teness of the trustees, use of the golng concern basls of accountlng and, basad on the audit evldence obtalned. whether a material uncertainty exlsts related to events or condltlons that rn8y cast $lgnlflcar)t doubt on the charltyb abbllty to contlnue 83 a g0Sng concern. If we conclude that a m8terlal uncertalnty gxlsts, we are requlred to draw attentlon in our auditor's report to the related dlsclosures In the financial statements or, if such dlsclosures 8Te Inad9quate, to modlfy our oplnlon. Our concluslons are based on the audit Èvlden¢e obtalned up to thg date of our audltors report. However, future events orcondltlons may causethe char5ty to ceaseto contlnue8s a golng concern. Evaluate the overall presentatlon, Structure and contgnt of the flnanci81 statements. In¢ludlng the disclosures, and whether the flnancbal statements roprgsent the underlylng transactlons and events In a mannarthat aChIe8 tair presentatlon. We eommunlcate wlth those charged wlth govemance reg8rdlng. among other matters, the planned scopè and tlrning of the audit and slgnlflcant audlt flndlngs, Sncludlno any signlflcant deflciencles in Interna5 Control thatwe Identlfy durlng our audlt. Afurther descrlptlon of our responslbllltles Isavallable on the Flnanc1al Reportlng Councll& website at.. https'.11 www.frc.org.uklauditorsresponsibilitles. Thls descrlptlon forwns part of ouraudltor& report. Other matter8 Your attention Is drawn to the fact that the eharlty has prepared financial statem9nt$ In accordance wlth "Aceountlng and Reportir)g by Charltles: Statement of Recommended Practice appllcabla to charltles preparSng their accounts in accoroance with the Flnanclal Reportlng Standard applicabl8 in thè UK and Republic of Ireland (FRS 1021" las amended) In preference to the Accounting and Reportlng by Charlties.. Statement of Recommended Practlce Issued on l ApTII 2005 which is roferred to in the extant regulatlons but has now been withdrawn. Thls has been done Sn order for the fSnan¢ial statements to provida a true and fair vlew In accordan with urrent Generally Accepted Accounting Pract1.
Ililsby Williams. CROWNCRESTCHARITABLE INCORPORATED ORGANISATION INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF CROWN CREST CHARITABLE INCORPORATED ORGANISATION Use otour report This report Is made solely to the charitys trustees, as 8 body. In accordance wlth port 4 of the Charitles (Aceounts an(J Reports) Regulatlons 2Q)08. Our audlt work has been undertaken so that we mlght state to the charltys trustees those matters we ar8 required to state to them in an auditors report and for no other purpos8. To the fullest extent permltted by law. we do not 8ceept or assume responsibility to anyone other than the charlty and the charlty's trustees as a body, for our audlt work for thls report, or for the oplnions we have formed. Ah] &L, Ataf Sallm Senior St•tutoryAudltor for and on behalf ot Kllsby & Wllllzms LLP Chartered accountants & 5tatutoryÈudltor Ced8rHousa Hazell Drlve Newport Gwent NPiO eFY Date.. Kilsby &Wllliam$ LLP Is ellgible for eppolntment as auditor of the Charlty byvlrtue of Its ellgibilityfor appointment as audltor of a company under section1212 of th6 Companles Aet 2006.
CROWN CRESTCHARITABLE INCORPORATED ORGANISATION STATEMENTOF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 5 APRIL2024 Unrestrlcted Unrestricterj funds funds 2024 2023 Notes INCOME FROM: Donatlonsand legacles 4,808.628 TOTALINCOME 4,808,628 EXPENDITUREON: Charitable artlvltles 233,909 297,060 TOTALEXPENDITURE 233.909 297.060 NEfiNCOMEIIEXPENDITURE) AND MOVEMENTIN FUNDS 4,574.719 1297.0581 RECONCILIATION OF FUNDS: Fund balances at 6 Aprll 2023 10.847.722 11.144,780 FUND BALANCES ATS APRIL2024 15,422,441 10,847,722 The statement of flnanclal aetlvltles Includes all g81ns and losses recognlsed In the year. All Income and expenditure derive from contlnulng actlvltles.
CROWN CRESTCHARITABLE INCORPORATED ORGANISATION BALANCE SHEET AS AT5APRIL2024 2024 2023 Notes CURRENT ASSETS Cash at bank and IN hand 15.425,141 10.850,422 CREDrroRS.' AMOUNTS FALLING DUE WITHIN ONE YEAR (2.7001 12.7001 NEtCURRENfASSETS 75,422,441 10,847.722 NET ASSETS 15,422,441 10,847.722 THE FUNDSOFTHECHAAITY Unrestrlcted fund8 15.1422,441 10,847,722 15,422,441 10,847,722 The flnanclal statementswere approved bythe tru8te•s on... .l..,..l. knlf Shehzad Tayu TRUSTEE
CROWN CRESTCHARITABLE INCORPORATED ORGANISATION STATEMENTOFCASH FLOWS FOR THEYEAR ENDED 5 APRIL2024 2024 2025 Ngtes CASH FLOWS FROM OPERATINGACTIVITIES C88h generated fromllabsorbed by) operations 4,574,719 1297,05BI NETINCREASEIIDECREASE) IN CASH AND CASH EQUIVALENTS 4,574,719 1297,0581 C88h 8nd cash gqulvalents at begbnning of year 10,850.422 11,147,480 CASH AND CASH EQUIVALENTS ATEND OFYEAR 15.425,141 10,850,422 10-
CROWN CRESTCHARITABLE INCORPORATEDORGANISATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL2024 ACCOUNTING POLICIES Charity information The charlty Is a public benefit entity end a registered charlty In England and Wales. The charity Is unincorporated and the address ofthe principal off ic& is1 Bedding Lane, Norwlch NR31ftG. 1.1 Accounting convention The financial statemer)ts have been prepared in accordanca with the Charity* governlng document. the Charltbes Act 2011. FRS 102 'The FinanciÈl Reportlng Standard appllcable In the UK and Republic of Ireland. I'FRS 102.1 and the Charltles SORP "Accountlng and Reporting by Charitles- St8temer)t of Recommended Practice applicable to charities preparlngthelr accounts1n accordance with the Financial R8POrting Standard appllcable In the UK and Republlc of Ireland (Ffis 1021" loffective l January 2019). The Charlty Is a Publlc Beneflt Entlty as deflned by FRS102. The flnanclal statements havg departed from the Charltles {Aceount8 and Reports) Regulatlons 2008 only to the extont required to provldo 8 true and falr view. Thls departure has Involved followlng the Statement of Recommended Practlce for charltles applylng FRS 102 rather than the verslon of tho Statement of Recommanded Practice whieh Is rèferred to In the Regulatlons but whlch has since been wlthdr8wn. The tlrianclal statements are prepared in storling. whlch Is the furictSonal currency of the Charlty. Monetary amounts Inthese flnancial statements are rounded tothe nearest £. The finanel•l statements have been prepared under the hlstorlcal cost nventIon, modlfled to Include the revaluatlon of freehold propertles and to Include Investmer)t properti&s and cgrtaln flnanclal Instrument5 0tfolrvalu&. The prin¢lpal 8ccountlng pollcles adoptsd are $9t out below. 1.2 Golng con¢ern At the tlme of approvlng the flnancial statements. the trustees havg ? reosonable expeetatlon that the Charity has adequate resources to continue in oporational existenee for the forese8abla future. Thus the trustees contlnue to edopt the going concern basis of accountlng In preparing the Ilnanclal statements. 1.5 Charitable funds Unrestrlcted funds are available for use at the dlscretlon of the trustees in furtherance of thelr charitable oblectlves. 1.4 Income Income is reeognised when the Ch8rlty Is legally entltled to It after any performance condltions hav8 been met, theamounts ean be measured rellably, and It Is probableth8t income will be recelved. Cash donations are reeognlsed on recelpt. Other donatlons are recognised once the Charity has been notified of the donation. unless performance condition5 require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognlsed at the time of the donation.
CROWN CRESTCHARITABLE INCORPORATED ORGANISATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5APRIL2024 ACCOUNTINO POLICIES (Contlnuedl Legacies are retnised on recelpt or otherwise If the Charity has been notified of an impending distribution, the amount is known, and receipt is expecterj. If the amount Is not kn¢)wn, the legacy is tTeated as a contingent asset. 1.5 Expendlture Expenditure is recognised oncethere is o legal orconstructlve obligatlonto trènsfer8eonomlc benefit to third party, It is probable that a transfer of economic bèneflt8 wlll be requlred in sgttlement, and the amount of the obligatlDn can be rngasured reliably. Expenditure Is classified by activity. Th& eosts of gach actlvlty are made up of the total of (lirect costs and sharèd costs, Including support costs involved in undertaklng eacft activlty. Dlrect costs attributable to a sing19 actlvlty ere allocated directlyto that activlty. Shared costs which contribute to more than on& activlty and support costs whleh are not attrlbutèbla to a slngle actlvlty are apportloned betweern those 8Ctlvities on a basis conslstènt witfv the use of resources. Central staff cost8 ere allocated on tho basls oftime spent. and depreclatlon charges are allocated on the portlon of the asset's use. 1.6 Cash and ¢a8h equlvo1ont8 Cash and tash equivalents Inclucle cash In hend, deposlts held at call wlth banks. other short-term Ilquld Investments wlth orlginal maturltles of three months or. less, and bank overdrafts. Bank overdrafts arg shown wlthln borrowlngs In Curnt Ilabllltle5. 8•slcflnancl•lassets Baslc flnancl81 assets. whlch Include debtor8 and cash and bank balances, 8Te Inltlally mgasured at transactlon prlce includlng tr8nsactlon costs and are subsequently carried at amortised cost using the eff8ctlve Intprest method unless the arrangement constitutes a flnaneing tronsactlon, where the transèction 18 measured at tho present value of the future recelpts dlscounted at a market rate of Interest. Financ1818s$ets classlfled as recelv8ble wlthln on8 year are not amortlged. Basl¢f/nanel•l/lablllti•s Basic financlal Ilabilities. including credltors and bank loans ar8 Initlally recognlsed at transaction prlce unless the arrangement constitutes a fSnancing transactlon. where the debt instrument is measured at the present valu& of the future payments discounted at a market rate of Intsrest. Fin8ncial Ilabllltles classified as payabl8wlthin year are not tmortlged. Debt instruments are 8ubsequentlycarried at amortised cost, uslng the effective Interest rate method. Trade creditors are obllgations to pay for gooos or services that have been acquired In tho ordinary coursÈ of operations from suppliers. Amounts payable are ¢lasslfied as current liabilities If payment Is due within one year or 1858. If not, they are presented a8 non-current liabi1Sties. Trade creditors are recognised initially at transaction pri and subsequently measured at amortlsed cost uslng the effective interest method. Derecognition olfinan¢iolliab//ities Financlal Ilabilities are (5erecognis@d when the Charity's eontractual obllgations expire or are dlseharged or cancelled. 12_
CROWN CRESTCHARITABLE INCORPORATED ORGANISATION NQTESTOTHE FINANCIALSTATEMENTS (CONTINUED) FOR THEYEAR ENDED 5 APRIL2024 INCOME FROM DONATIONS AND LEGACIES Unrostrlcted Unrestrlcted tunds funds 2024 2023 Donatlonfrom relatsd parties Other 4,808.628 4,808,62B EXPENDITURE ON eHARITA8LE ACTIVITIES Support costs 2024 Support vsts 2023 Dlrert costs Charltable expendlture 231,924 290.838 Share of support and governance c08ts18¢e note 41 Support 1,985 6,222 233.909 297,060 Analysls by lun Unrestricted funds 233,909 297.060 SUPPORTCOSTSALLOCATED TO ACTIVITIES 2024 2023 Avdlt remunsration Bankcharges 1,650 335 5.820 402 1.985 6,222 Analys¢d between: Supportcosts 1,985 6.222 13-
CROWN CRESTCHARITABLE INCORPORATED ORGANISATION NOTES TOTHE FINANCIALSTATEMENTS (CONTINUED) FOR THEYEAR ENDED 5 APRIL2024 TRUSTEES None of the trustees lorany persons connected wlth them) recelved any remunerotion or benefits from tha Charityduring the year. EMPLOYEES The average monthly number of employ&g$ during the yearw88.' 2024 Numb•r 2023 Number Total There w8rg noemployeas employed durlng the year. TAXATION The charity 19 exempt from taxatlon on Itg actlvStles because all Its Ineomg Is applied for charltable purposes. CREDITORS.. AMOUNTS FALLINO DUE WITHIN ONE YEAR 2024 2023 Accruals end deferred income 2,700 2,700 UNRESTRICTED FUNDS Thg unrestricted funds of thgcharlty comprls8the unexpended balances of donatlons and grants whlch are not subjectto speclfie condltlons by donorsand grantors asto howthey rnay be used. At 6 Aprll 2023 Incomlng Re$our¢os resources expended At 5 Aprll 2024 General funds 10,847.722 4,808,628 1233.9091 15,422,441 14-
CROWN CRESTCHARITABLE INCORPORATED ORGANISATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL2024 UNRESTRICTED FUNDS (Continued) Prevlous yeir: At 6 Aprll 2022 Incoming Resourcos resources exp¢nded At S April 2023 General funds 11,1414.780 1297.060) 10.847,722 10 RELATED PARTYTRANSACTIONS Therewere no dlsdosabla related partytransactlons durlng the year12023- none). CASH OENERATED FROM OPERATIQNS 2024 2023 Surpluslldefleitl for theyear 4,574,719 (297,058) Ca8hgenerJto11 fromllabsorb•d by) opor8tlon¥ 4,S74.719 1297,0581 12 ANALYSIS OF CHANOES IN NrfFUNDS Thecharlty had no mater181 debt durlng th¢ year. 13 EVENTS AFfER REPORTINO PERIOD The Charity has purchased an Industrlal gstate In Leleester 8mountlng to £22 milllon post year end. Thls Yvill enable the charlty to recelve regular Ineome whlch In turn hglps the eharity to make donatlons over the longer tgrm. 15-