REGISTERED CHARITY NUMBER: 1187493
Report of the Trustees and
Unaudited Financial Statements
for the Year Ended 31 January 2025
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 2025
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Page |
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Report of the Trustees |
1 |
to |
2 |
Independent Examiner's Report |
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3 |
|
Statement of Financial Activities |
|
4 |
|
Balance Sheet |
|
5 |
|
Notes to the Financial Statements |
6 |
to |
9 |
Detailed Statement of Financial Activities |
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10 |
|
The Sidney & Phyllis Krystal Foundation
(UK)
Report of the Trustees for the Year Ended 31 January 2025
Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyearended31January2025. The
trusteeshaveadoptedtheprovisionsofAccountingandReportingbyCharities:StatementofRecommended Practice
applicableto charitiespreparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableinthe 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 2025 according to our budgeting parameters
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 2025.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charityis controlledby its constitutiondated21 January2020and constitutesa CharitableIncorporated 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 (deceased 13.1.25)
Ms C Dandridge
Ms H Hirst (resigned 1.7.24)
O J Smith (appointed 1.2.25)
Ms B Williamson (appointed 1.8.24)
Page 1
The Sidney & Phyllis Krystal Foundation
(UK)
Report of the Trustees for the Year Ended 31 January 2025
REFERENCE AND ADMINISTRATIVE DETAILS
Independent Examiner
A J Bennewith
FCA, FCPA, FFA, FFTA, FIPA, DChA, FRSA
Upper Ground Floor
18 Farnham Road
Guildford
Surrey
GU1 4XA
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
..........................................................................
O J 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)
IreporttothecharitytrusteesonmyexaminationoftheaccountsofTheSidney&PhyllisKrystalFoundation(UK) (the
Trust) for the year ended 31 January 2025.
Responsibilities and basis of report
AsthecharitytrusteesoftheTrustyouareresponsibleforthepreparationoftheaccountsinaccordancewith the
requirements of the Charities Act 2011 ('the Act').
I reportin respectof my examinationof the Trust'saccountscarriedout underSection145of the Act andin carrying out
my examinationI havefollowedallapplicableDirectionsgivenby theCharityCommissionunderSection145(5)(b)of the
Act.
Independent examiner's statement
I havecompletedmy examination.I confirmthatnomaterialmattershavecometo my attentioninconnectionwith 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.
I have no concernsand have come acrossno othermattersin connectionwith the examinationto whichattention 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 2025
|
|
31.1.25 |
31.1.24 |
|
|
Unrestricted |
Total |
|
|
fund |
funds |
|
Notes |
£ |
£ |
INCOME AND ENDOWMENTS FROM |
|
|
|
Donations and legacies |
|
24,000 |
5,001 |
EXPENDITURE ON |
|
|
|
Charitable activities |
|
|
|
Charitable activities |
|
25,255 |
11,230 |
NET INCOME/(EXPENDITURE) |
|
(1,255) |
(6,229) |
RECONCILIATION OF FUNDS |
|
|
|
Total funds brought forward |
|
1,940 |
8,169 |
TOTAL FUNDS CARRIED FORWARD |
|
685 |
1,940 |
The notes form part of these financial statements
Page 4
The Sidney & Phyllis Krystal Foundation
(UK)
Balance Sheet
31 January 2025
|
|
31.1.25 |
31.1.24 |
|
|
Unrestricted |
Total |
|
|
fund |
funds |
|
Notes |
£ |
£ |
CURRENT ASSETS |
|
|
|
Cash at bank |
|
1,765 |
3,020 |
CREDITORS |
|
|
|
Amounts falling due within one year |
4 |
(1,080) |
(1,080) |
NET CURRENT ASSETS |
|
685 |
1,940 |
TOTAL ASSETS LESS CURRENT LIABILITIES |
|
685 |
1,940 |
NET ASSETS |
|
685 |
1,940 |
FUNDS |
5 |
|
|
Unrestricted funds |
|
685 |
1,940 |
TOTAL FUNDS |
|
685 |
1,940 |
The financialstatementswere approvedby the Boardof Trusteesand authorisedfor issueon .............................................
and were signed on its behalf by:
.............................................
O J 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 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
Thefinancialstatementsofthecharity,whichisapublicbenefitentityunderFRS102,havebeenprepared in
accordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicableto charitiespreparingtheir accountsin accordancewith the Financial Reporting
StandardapplicableintheUKandRepublicofIreland(FRS102)(effective1January2019)',Financial Reporting
Standard102 '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 charityhas entitlementto the funds,it is
probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethata transferofeconomicbenefitswillberequiredinsettlement and
the amountof the obligationcan be measuredreliably.Expenditureis accountedfor on an accrualsbasisand has
beenclassifiedunderheadingsthataggregateallcostrelatedtothecategory.Wherecostscannotbe directly
attributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwiththeuse of
resources.
Grantsofferedsubjecttoconditionswhichhavenotbeenmetattheyearenddatearenotedasa 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.
Restrictedfundscan onlybe usedfor particularrestrictedpurposeswithinthe objectsof the charity. Restrictions
arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31January2025norforthe year
ended 31 January 2024.
continued...
Page 6
The Sidney & Phyllis Krystal Foundation
(UK)
Notes to the Financial Statements - continued for the Year Ended 31 January 2025
2. TRUSTEES' REMUNERATION AND BENEFITS - continued
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 January 2025 (2024: NIL).
3. |
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
|
|
|
|
|
|
|
Unrestricted |
|
|
|
|
fund |
|
|
|
|
£ |
|
INCOME AND ENDOWMENTS FROM |
|
|
|
|
Donations and legacies |
|
|
5,001 |
|
EXPENDITURE ON |
|
|
|
|
Charitable activities |
|
|
|
|
Charitable activities |
|
|
11,230 |
|
NET INCOME/(EXPENDITURE) |
|
|
(6,229) |
|
RECONCILIATION OF FUNDS |
|
|
|
|
Total funds brought forward |
|
|
8,169 |
|
TOTAL FUNDS CARRIED FORWARD |
|
|
1,940 |
4. |
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
|
|
|
|
|
31.1.25 |
31.1.24 |
|
|
|
£ |
£ |
|
Other creditors |
|
1,080 |
1,080 |
5. |
MOVEMENT IN FUNDS |
|
|
|
|
|
|
Net |
|
|
|
|
movement |
At |
|
|
At 1.2.24 |
in funds |
31.1.25 |
|
|
£ |
£ |
£ |
|
Unrestricted funds |
|
|
|
|
General fund |
1,940 |
(1,255) |
685 |
|
TOTAL FUNDS |
1,940 |
(1,255) |
685 |
continued...
Page 7
The Sidney & Phyllis Krystal Foundation
(UK)
Notes to the Financial Statements - continued for the Year Ended 31 January 2025
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 |
24,000 |
(25,255) |
(1,255) |
TOTAL FUNDS |
24,000 |
(25,255) |
(1,255) |
Comparatives for 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 |
Comparative 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) |
continued...
Page 8
The Sidney & Phyllis Krystal Foundation
(UK)
Notes to the Financial Statements - continued for the Year Ended 31 January 2025
5. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
|
|
Net |
|
|
|
movement |
At |
|
At 1.2.23 |
in funds |
31.1.25 |
|
£ |
£ |
£ |
Unrestricted funds |
|
|
|
General fund |
8,169 |
(7,484) |
685 |
TOTAL FUNDS |
8,169 |
(7,484) |
685 |
A currentyear12 monthsandprioryear12 monthscombinednetmovementin funds,includedin theabove are
as follows:
|
Incoming |
Resources |
Movement |
|
resources |
expended |
in funds |
|
£ |
£ |
£ |
Unrestricted funds |
|
|
|
General fund |
29,001 |
(36,485) |
(7,484) |
TOTAL FUNDS |
29,001 |
(36,485) |
(7,484) |
6. RELATED PARTY DISCLOSURES
Therewere no relatedpartytransactionsfor the year ended31 January2025nor for the periodended31 January
2024..
7. INDEPENDENT EXAMINER'S FEE
|
2025 |
2024 |
|
£ |
£ |
Independent Examiner's fee: |
|
|
For examining the accounts |
1,080 |
1080 |
|
|
|
Page 9
The Sidney & Phyllis Krystal Foundation
(UK)
INCOME AND ENDOWMENTS
Donations and legacies
Donations
Total incoming resources
EXPENDITURE
Charitable activities
Postage and stationery
Administrative costs
Computer costs
Website design
Grants to institutions
Support costs
Governance costs
Accountancy
Total resources expended
Net expenditure |
Detailed Statement of Financial Activities
for the Year Ended 31 January 2025
31.1.25
31.1.24
£
£
24,000
5,001
24,000
5,001
396
576
10,720
7,644
1,149
1,870
-
60
12,030
-
24,295
10,150
960
1,080
25,255
11,230
(1,255)
(6,229) |
Detailed Statement of Financial Activities
for the Year Ended 31 January 2025
31.1.25
31.1.24
£
£
24,000
5,001
24,000
5,001
396
576
10,720
7,644
1,149
1,870
-
60
12,030
-
24,295
10,150
960
1,080
25,255
11,230
(1,255)
(6,229) |
|
|
|
|
|
5,001
576
7,644
1,870
60
- |
|
|
10,150
1,080 |
|
|
11,230 |
|
|
(6,229) |
This page does not form part of the statutory financial statements
Page 10