The tru5tee5 pre*nt their rewrt wtth the ffinanoal ststements OF the tharity fo¥ the period 31January 2023 to
31 January 2024. The tTU5tees have adopted the priMgor6 of RetK)rtÈng by Charities". Statement vf
l. Humanitarian
- Seekh¥o addibonal charibes to wppcrt in 2024
ACHIEVEMEKfAND PERFORh141KE
3. HuManitsr[￿ work
Organisation iaoi.
1187493
PO Box 1556
wI9¥A
Ms A M Smith thair (ap￿inted 22.L201

The
FIPA, W FRSA
3 Weycourt
Guildford
Surrey

```
REGISTERED CHARITY NUMBER: 1187493
```

## **`Report of the Trustees and`** 

## **`Unaudited Financial Statements`** 

```
for the Year Ended 31 January 2024
```

```
for
```

```
The Sidney & Phyllis Krystal Foundation
(UK)
```

```
A J Bennewith
FCA, FCPA, FFA, FFTA, FIPA, DChA, FRSA
Upper Ground Floor
18 Farnham Road
Guildford
Surrey
GU1 4XA
```



```
The Sidney & Phyllis Krystal Foundation
(UK)
```

## **`Contents of the Financial Statements for the Year Ended 31 January 2024`** 

||**`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 9`|





```
The Sidney & Phyllis Krystal Foundation
(UK)
```

## **`Report of the Trustees`** 

## **`for the Year Ended 31 January 2024`** 

```
The trusteespresenttheirreportwith the financialstatementsof the charityfor the year ended31 January2024. The
trusteeshaveadoptedthe provisionsof AccountingandReportingby Charities:Statementof Recommended Practice
applicableto charitiespreparingtheiraccountsin accordancewiththe FinancialReportingStandardapplicablein the
UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
```

## **`OBJECTIVES AND ACTIVITIES`** 

## **`Humanitarian work`** 

```
- Maintain support of our existing donors
```

```
- Seek two additional charities to support in 2024
```

## **`Website`** 

- `Maintain updates via news articles and reporting on our established donor recipient charities` 

## **`ACHIEVEMENT AND PERFORMANCE`** 

## **`Humanitarian work`** 

- `Continuing to support our existing donor recipients` 

## **`Website Updates`** 

- `Ongoing maintenance of the Community Hub with news articles` 

## **`FINANCIAL REVIEW`** 

```
The Trustees refer the Charity Commission to the Independent Financial Examiner's report on the finances for 2024.
```

## **`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
```

## **`Trustees`** 

```
Ms A M Smith Chair
```

```
Ms C Dandridge
Ms H Hirst
```

## **`Independent Examiner`** 

```
A J Bennewith
FCA, FCPA, FFA, FFTA, FIPA, DChA, FRSA
Upper Ground Floor
18 Farnham Road
Guildford
Surrey
GU1 4XA
```

```
Page 1
```



```
The Sidney & Phyllis Krystal Foundation
(UK)
```

## **`Report of the Trustees for the Year Ended 31 January 2024`** 

```
Approved by order of the board of trustees on 8 April 2024 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 year ended 31 January 2024.
```

## **`Responsibilities and basis of report`** 

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

```
I reportin respectof my examinationof the Trust'saccountscarriedoutunderSection145 of the Act andin 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
Upper Ground Floor
18 Farnham Road
Guildford
Surrey
GU1 4XA
```

```
Date: .............................................
```

```
Page 3
```



```
The Sidney & Phyllis Krystal Foundation
(UK)
```

## **`Statement of Financial Activities`** 

## **`for the Year Ended 31 January 2024`** 

|||`31.1.24`|`31.1.23`|
|---|---|---|---|
|||`Unrestricted`|`Total`|
|||`fund`|`funds`|
||`Notes`|`£`|`£`|
|**`INCOME AND ENDOWMENTS FROM`**||||
|`Donations and legacies`||`5,001`|`14,000`|
|**`EXPENDITURE ON`**||||
|**`Charitable activities`**||||
|`Charitable activities`||`11,230`|`12,031`|
|**`NET INCOME/(EXPENDITURE)`**||`(6,229)`|`1,969`|
|**`RECONCILIATION OF FUNDS`**||||
|`Total funds brought forward`||`8,169`|`6,200`|
|**`TOTAL FUNDS CARRIED FORWARD`**||`1,940`|`8,169`|



```
The notes form part of these financial statements
```

```
Page 4
```



```
The Sidney & Phyllis Krystal Foundation
(UK)
```

## **`Balance Sheet`** 

## **`31 January 2024`** 

|||`31.1.24`|`31.1.23`|
|---|---|---|---|
|||`Unrestricted`|`Total`|
|||`fund`|`funds`|
||`Notes`|`£`|`£`|
|**`CURRENT ASSETS`**||||
|`Cash at bank`||`3,020`|`9,129`|
|**`CREDITORS`**||||
|`Amounts falling due within one year`|`4`|`(1,080)`|`(960)`|
|**`NET CURRENT ASSETS`**||`1,940`|`8,169`|
|**`TOTAL ASSETS LESS CURRENT LIABILITIES`**||`1,940`|`8,169`|
|**`NET ASSETS`**||`1,940`|`8,169`|
|**`FUNDS`**|`5`|||
|`Unrestricted funds`||`1,940`|`8,169`|
|**`TOTAL FUNDS`**||`1,940`|`8,169`|



```
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon8 April2024and 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 Year Ended 31 January 2024`** 

## **`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`** 

```
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31January2024norforthe year
ended 31 January 2023.
```

```
continued...
```

```
Page 6
```



```
The Sidney & Phyllis Krystal Foundation
```

```
(UK)
```

## **`Notes to the Financial Statements - continued for the Year Ended 31 January 2024`** 

## **`2. TRUSTEES' REMUNERATION AND BENEFITS - continued`** 

## **`Trustees' expenses`** 

```
There were no trustees' expenses paid for the year ended 31 January 2024 (2023: NIL).
```

## **`3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`** 

|||||`Unrestricted`|
|---|---|---|---|---|
|||||`fund`|
|||||`£`|
||**`INCOME AND ENDOWMENTS FROM`**||||
||`Donations and legacies`|||`14,000`|
||**`EXPENDITURE ON`**||||
||**`Charitable activities`**||||
||`Charitable activities`|||`12,031`|
||**`NET INCOME`**|||`1,969`|
||**`RECONCILIATION OF FUNDS`**||||
||`Total funds brought forward`|||`6,200`|
||**`TOTAL FUNDS CARRIED FORWARD`**|||`8,169`|
|**`4.`**|**`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**||||
||||`31.1.24`|`31.1.23`|
||||`£`|`£`|
||`Other creditors`||`1,080`|`960`|
|**`5.`**|**`MOVEMENT IN FUNDS`**||||
||||`Net`||
||||`movement`|`At`|
|||`At 1.2.23`|`in funds`|`31.1.24`|
|||`£`|`£`|`£`|
||**`Unrestricted funds`**||||
||`General fund`|`8,169`|`(6,229)`|`1,940`|
||**`TOTAL FUNDS`**|`8,169`|`(6,229)`|`1,940`|



```
continued...
```

```
Page 7
```



```
The Sidney & Phyllis Krystal Foundation
(UK)
```

## **`Notes to the Financial Statements - continued for the Year Ended 31 January 2024`** 

## **`5. MOVEMENT IN FUNDS - continued`** 

```
Net movement in funds, included in the above are as follows:
```

||`Incoming`|`Resources`|`Movement`|
|---|---|---|---|
||`resources`|`expended`|`in funds`|
||`£`|`£`|`£`|
|**`Unrestricted funds`**||||
|`General fund`|`5,001`|`(11,230)`|`(6,229)`|
|**`TOTAL FUNDS`**|`5,001`|`(11,230)`|`(6,229)`|



## **`Comparatives for movement in funds`** 

||`Net`||
|---|---|---|
||`movement`|`At`|
|`At 1.2.22`|`in funds`|`31.1.23`|
|`£`|`£`|`£`|
|**`Unrestricted funds`**|||
|`General fund`<br>`6,200`|`1,969`|`8,169`|
|**`TOTAL FUNDS`**<br>`6,200`|`1,969`|`8,169`|
|`Comparative net movement in funds, included in the above are as follows:`|||
|`Incoming`|`Resources`|`Movement`|
|`resources`|`expended`|`in funds`|
|`£`|`£`|`£`|
|**`Unrestricted funds`**|||
|`General fund`<br>`14,000`|`(12,031)`|`1,969`|
|**`TOTAL FUNDS`**<br>`14,000`|`(12,031)`|`1,969`|



```
A current year 12 months and prior year 12 months combined position is as follows:
```

|||`Net`||
|---|---|---|---|
|||`movement`|`At`|
||`At 1.2.22`|`in funds`|`31.1.24`|
||`£`|`£`|`£`|
|**`Unrestricted funds`**||||
|`General fund`|`6,200`|`(4,260)`|`1,940`|
|**`TOTAL FUNDS`**|`6,200`|`(4,260)`|`1,940`|



```
continued...
```

```
Page 8
```



```
The Sidney & Phyllis Krystal Foundation
(UK)
```

## **`Notes to the Financial Statements - continued`** 

## **`for the Year Ended 31 January 2024`** 

## **`5. MOVEMENT IN FUNDS - continued`** 

```
A currentyear12monthsandprioryear12monthscombinednetmovementinfunds,includedinthe above
are as follows:
```

||`Incoming`|`Resources`|`Movement`|
|---|---|---|---|
||`resources`|`expended`|`in funds`|
||`£`|`£`|`£`|
|**`Unrestricted funds`**||||
|`General fund`|`19,001`|`(23,261)`|`(4,260)`|
|**`TOTAL FUNDS`**|`19,001`|`(23,261)`|`(4,260)`|



## **`6. RELATED PARTY DISCLOSURES`** 

```
Therewerenorelatedpartytransactionsfortheyearended31January2024norfortheperiodended 31
January 2023.
```

## **`7. INDEPENDENT EXAMINER'S FEE`** 

||`2024`|`2023`|
|---|---|---|
||`£`|`£`|
|`Independent Examiner's fee:`|||
|`For examining the accounts`|`1,080`|`960`|
||||



```
Page 9
```