OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2021-01-31-accounts

REGISTERED CHARITY NUMBER: 1187493

Report of the Trustees and

Unaudited Financial Statements
for the Period

21 January 2020 to 31 January 2021

for

The Sidney & Phyllis Krystal Foundation
(UK)

A J Bennewith FCA, FCPA, FFA, FFTA,
FIPA, DChA, FRSA
3 Wey Court
Mary Road
Guildford
Surrey
GU1 4QU

The Sidney & Phyllis Krystal Foundation
(UK)

Contents of the Financial Statements

for the Period 21 January 2020 to 31 January 2021
Page
Report of the Trustees 1 to 2
Independent Examiner's Report 3
Statement of Financial Activities 4
Balance Sheet 5
Notes to the Financial Statements 6 to 8 
The Sidney & Phyllis Krystal Foundation
(UK)

Report of the Trustees

for the Period 21 January 2020 to 31 January 2021

Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheperiod21January2020 to
31January2021.ThetrusteeshaveadoptedtheprovisionsofAccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancial Reporting
Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

1. Establishment of UK CIO

- Application to the UK Charity Commission was successful in January 2020

- Complete all requirements for the setting up of a charitable CIO

2. Humanitarian work

- Agree donation budget for the CIO

- Research potential donor recipients

3. Website Updates

- Update the SPK website to include the UK CIO, ensuring there is very clear definition between the two entities.

- Put together costs and present to the board for approval

- Carry out build changes

ACHIEVEMENT AND PERFORMANCE

4. Establishment of UK CIO

5. Humanitarian work

- List of potential donor recipients presented to the board and agreed

- Charitable donations awarded

6. Website Updates

- Website build changes completed

FINANCIAL REVIEW

The Trustees refer the Charity Commission to the Independent Financial Examiner's report on the finances for 2021.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

Thecharityiscontrolledbyitsconstitutiondated21January2020andconstitutesaCharitable Incorporated
Organisation (CIO).

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Charity number

1187493

Principal address

PO Box 1556

Guildford

Surrey
GU1 9YX

Page 1

The Sidney & Phyllis Krystal Foundation

(UK)

Report of the Trustees
for the Period 21 January 2020 to 31 January 2021

Trustees

Ms A M Smith Chair (appointed 22.1.20)
Ms C Dandridge (appointed 22.1.20)
Ms H Hirst (appointed 27.1.20)

Independent Examiner

A J Bennewith FCA, FCPA, FFA, FFTA,
FIPA, DChA, FRSA
3 Wey Court
Mary Road
Guildford
Surrey
GU1 4QU

Approved by order of the board of trustees on 27 April 2021 and signed on its behalf by:

Ms A M Smith - Trustee

Page 2

Independent Examiner's Report to the Trustees of The Sidney & Phyllis Krystal Foundation

(UK)

Independent examiner's report to the trustees of The Sidney & Phyllis Krystal Foundation (UK)

I reportto the charitytrustees on my examinationof the accountsof The Sidney & PhyllisKrystalFoundation(UK) (the
Trust) for the period 21 January 2020 to 31 January 2021.

Responsibilities and basis of report

AsthecharitytrusteesoftheTrustyouareresponsibleforthepreparationoftheaccountsinaccordancewith the
requirements of the Charities Act 2011 ('the Act').

I reportinrespectof my examinationof theTrust'saccountscarriedoutundersection145of theActandin carrying
out my examinationI have followedall applicableDirectionsgiven by the CharityCommissionundersection 145(5)(b)
of the Act.

Independent examiner's statement

I havecompletedmyexamination.I confirmthatnomaterialmattershavecometomyattentioninconnection with
the examination giving me cause to believe that in any material respect:

1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or

2. the accounts do not accord with those records; or

3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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. 

Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhich attention
should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

A J Bennewith FCA, FCPA, FFA, FFTA,
FIPA, DChA, FRSA
3 Wey Court
Mary Road
Guildford
Surrey
GU1 4QU

28 April 2021

Page 3

The Sidney & Phyllis Krystal Foundation

(UK)
Statement of Financial Activities
for the Period 21 January 2020 to 31 January 2021
Unrestricted
fund
Notes £
INCOME AND ENDOWMENTS FROM
Donations and legacies 29,356
EXPENDITURE ON
Charitable activities
Charitable activities 17,149
Governance costs 840
Total 17,989
NET INCOME 11,367
TOTAL FUNDS CARRIED FORWARD 11,367 
The notes form part of these financial statements

Page 4

The Sidney & Phyllis Krystal Foundation
(UK)
CURRENT ASSETS
Cash at bank
CREDITORS
Amounts falling due within one year
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
NET ASSETS
FUNDS
Unrestricted funds
TOTAL FUNDS		 Balance Sheet
31 January 2021
Unrestricted
fund
Notes
£
12,207
3
(840)
11,367
11,367
11,367
4
11,367
11,367		 
The financialstatementswere approvedby the Boardof Trusteesandauthorisedfor issueon 27 April2021and were
signed on its behalf by:

A M Smith - Trustee

The notes form part of these financial statements

Page 5

The Sidney & Phyllis Krystal Foundation
(UK)

Notes to the Financial Statements

for the Period 21 January 2020 to 31 January 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

Thefinancialstatementsof thecharity,whichis a publicbenefitentityunderFRS 102,havebeenprepared in
accordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial
ReportingStandardapplicablein the UK and Republicof Ireland(FRS 102) (effective1 January2019)', Financial
ReportingStandard102 'The FinancialReportingStandardapplicablein the UK and Republicof Ireland'and the
Charities Act 2011. The financial statements have been prepared under the historical cost convention.

Income

All incomeis recognisedin the Statementof FinancialActivitiesoncethe charityhasentitlementto the funds,
it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredin settlement
andtheamountof theobligationcanbe measuredreliably.Expenditureis accountedforonanaccruals basis
andhas been classifiedunderheadingsthataggregateall costrelatedto the category.Wherecostscannot be
directlyattributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwith the
use of resources.

Grants offered subject to conditionswhich have not been met at the year end date are noted as a  commitment
but not accrued as expenditure.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthe charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial
statements.

2. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the period ended 31 January 2021.

continued...

Page 6

The Sidney & Phyllis Krystal Foundation

(UK)

Notes to the Financial Statements - continued for the Period 21 January 2020 to 31 January 2021

2. TRUSTEES' REMUNERATION AND BENEFITS - continued

Trustees' expenses

Duringthe yearoneof the trusteeswas reimbursed£94 fortelephoneandofficesuppliesincurredin carrying
out her duties as a trustee.

3. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£
Other creditors 840
MOVEMENT IN FUNDS
Net
movement At
in funds 31.1.21
£ £
Unrestricted funds
General fund 11,367 11,367
TOTAL FUNDS 11,367 11,367
Net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 29,356 (17,989) 11,367
TOTAL FUNDS 29,356 (17,989) 11,367

4. MOVEMENT IN FUNDS

5. RELATED PARTY DISCLOSURES

There were no related party transactions for the period ended 31 January 2021.

continued...

Page 7

The Sidney & Phyllis Krystal Foundation

(UK)

Notes to the Financial Statements - continued for the Period 21 January 2020 to 31 January 2021

6. INDEPENDENT EXAMINER'S FEE

2021
£
Independent Examiner's fee:
For examining the accounts 840 
Page 8

T￿S1 UK for the Pwsod 21 Janua 2020 to 31 Jaftua The trustees iYeseTrt 31 January 2021. The t Recommended Practi Stsndard applicable in eir repryt with the finanoal Statern￿ of the d￿rity the pericKI 21 January 2020 to ee5 have adopted the pr￿ls1On5 of Accountir6 and Reporting by Chartties: Ststement of applicable to tharities preparing their ac¢ounts in accordan￿ wtth the Fjnanaal Reporting e UK and Republic of Irelarkd IFRS 1021 leffective lJanuary 20151. OBJECTIVESAND A l. Establlshment of Application to th Complete all re Kao UK Chartty Commission was successful in January 2020- ￿1￿ments forthe setting up of a chaTitabEe CIO 2. Humanitarian Agree donation Research pote budget for the ao ial donor reCip￿nts 3. Webslte Uwl Up(late the SP Put together c CArry out build website to indudethe UK Cto. ensuring there is very deardefinition between the two entities. ts and present to the board for appr<Nal hanges ACHIEVEME1￿A?Io P Establishment Completed all UKCIO uirements forthe setting up of a charEta￿e ao 5. Humanitsrian w Donation bu*t for 2021 agreed with Trustees 5t of p)tential donor reupients presented to the board and agreed Charitable donptions awarded 6. Website Upd SPK webstte Website build ate costs presented to and appn)ved by the Trustees. hanges completed F114ANCIAL PEVIEW The Trnstee5 refer th CharTty C(rnisston tothe IndepaK4ent FinaMial Examinerfs report on thefinan￿S for 2021. STRucfuRE. GOVER Governing document The charity is contr Or8ani53tion iaoi. NCE AND MAIIAGEMEiir Iled by its Constr￿ dated 21 January 2020 and cOnOitU￿ a (hafitable Incorporated REFERENCEAND AD RegFStered Charlty 1187493 INISTRATIVE MAILS Principal address Homestead Cottage Thomcombe Str Bramley Sur GU5 OLT Page I

MsAMSmith Ms C Dandridge Ms H Hirst -apFhynted 22.1.20 . app)intÈd 211.20 - appolrrted 27.L20 A J Bennewith FCA FCP FIPA, DChA. FRSA 3 Wey Court Mary Road GuildFord Surrev GU14QU FFA FFr Ap ved by order of the and its behalfty. Ms A M Smith - Trustee Page I