REGISTERED COMPANY NUMBER: 11080543 (England and Wales) REGISTERED CHARITY NUMBER: 1189120
Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2024
for
THE CRYSALYS FOUNDATION
Infinitas Accountants Limited Unit 6 North Business Park Cherry Hall Road Kettering Northamptonshire NN14 1UE
THE CRYSALYS FOUNDATION
Contents of the Financial Statements for the Year Ended 31 March 2024
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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 10
Detailed Statement of Financial Activities 11
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THE CRYSALYS FOUNDATION
Report of the Trustees for the Year Ended 31 March 2024
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of 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 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objective of the charity is to prepare traumatised people for a healthier and happier future and to assist partners in trauma-informed strategy and practice.
Public benefit
We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. In particular, the Trustees consider how planned activities will contribute to the aims and objectives they have set.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The charity has been involved in the provision of trauma services nationally and provides an online website and APP to assist people in dealing with trauma.These have now been used by increasing numbers of people (in the tens of thousands). The charity has also led a number of successful partnership pilot and research projects. The charity is backed by the National Lottery Community Fund and some other relatively major backers.
FINANCIAL REVIEW
Financial position
The charity's income during the year originated from grants and donations which amounted to £167,128.
Reserves policy
The charity's trustees consider that the current reserves of £124,584 at 31 March 2024 are sufficient to sustain its operations over the forthcoming year. Of the year end reserves total, £7,886 represents unrestricted funds and £116,698 represents restricted funds. Reserves are needed to temporarily fund timing gaps between the receipt and spending of income, and fund future projects. The trustees actively monitor reserves of the charity at regular trustee meetings and make appropriate arrangements to ensure the charity has adequate resources to continue to operate.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Recruitment and appointment of new trustees
New trustees are elected by the existing trustees of the charity with appointments and reappointments being decided on an annual basis. Trustees have the power to appoint new trustees on an interim basis until the next AGM.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
11080543 (England and Wales)
Registered Charity number
1189120
Registered office
60 Sutton Street Flore Northampton Northamptonshire NN7 4LE
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THE CRYSALYS FOUNDATION
Report of the Trustees for the Year Ended 31 March 2024
Trustees S Adiele S Alexander D S R Goble G J Goss A H Pryce J Toman M Unalkat C J Waldron N E White Independent Examiner Infinitas Accountants Limited Unit 6 North Business Park Cherry Hall Road Kettering Northamptonshire NN14 1UE 19/12/24 Approved by order of the board of trustees on ............................................. and signed on its behalf by: ~~..........................~~ Adrian Pryce (Dec 19, 2024 19:22 GMT) ............................................. Trustee
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Independent Examiner's Report to the Trustees of The Crysalys Foundation
Independent examiner's report to the trustees of The Crysalys Foundation ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024.
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:
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accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
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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
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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.
Caroline Armstrong FCA
Infinitas Accountants Limited Unit 6 North Business Park Cherry Hall Road Kettering Northamptonshire NN14 1UE 19/12/2024 Date: .............................................
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THE CRYSALYS FOUNDATION
Statement of Financial Activities for the Year Ended 31 March 2024
| Unrestricted Restricted fund fund Notes £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 11,851 155,277 Investment income 2 335 - Total 12,186 155,277 EXPENDITURE ON Charitable activities Charitable 2,674 78,996 Other 107 2,479 Total 2,781 81,475 NET INCOME 9,405 73,802 RECONCILIATION OF FUNDS Total funds brought forward (1,519) 42,896 TOTAL FUNDS CARRIED FORWARD 7,886 116,698 |
2024 Total funds £ 167,128 335 167,463 81,670 2,586 84,256 83,207 41,377 124,584 |
2023 Total funds £ 68,612 38 68,650 52,784 - 52,784 15,866 25,511 41,377 |
|---|---|---|
The notes form part of these financial statements
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THE CRYSALYS FOUNDATION
Balance Sheet 31 March 2024
| Unrestricted Restricted fund fund Notes £ £ CURRENT ASSETS Debtors 6 - - Cash in hand 8,978 116,698 8,978 116,698 CREDITORS Amounts falling due within one year 7 (1,092) - NET CURRENT ASSETS 7,886 116,698 TOTAL ASSETS LESS CURRENT LIABILITIES 7,886 116,698 NET ASSETS 7,886 116,698 FUNDS 8 Unrestricted funds Restricted funds TOTAL FUNDS |
2024 Total funds £ - 125,676 125,676 (1,092) 124,584 124,584 124,584 7,886 116,698 124,584 |
2023 Total funds £ 50 42,347 42,397 (1,020) 41,377 41,377 41,377 (1,519) 42,896 41,377 |
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The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. Trustee
The notes form part of these financial statements
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THE CRYSALYS FOUNDATION Notes to the Financial Statements for the Year Ended 31 March 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of 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. INVESTMENT INCOME
| 2. INVESTMENT INCOME |
|
|---|---|
| Deposit account interest | 2024 2023 £ £ 335 38 |
| 3. NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Accountancy |
2024 2023 £ £ 1,092 - |
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THE CRYSALYS FOUNDATION
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.
| 5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted fund fund £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 6,012 62,600 Investment income 38 - Total 6,050 62,600 EXPENDITURE ON Charitable activities Charitable 7,347 45,437 NET INCOME/(EXPENDITURE) (1,297) 17,163 RECONCILIATION OF FUNDS Total funds brought forward (222) 25,733 TOTAL FUNDS CARRIED FORWARD (1,519) 42,896 6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 £ Other debtors - |
Total funds £ 68,612 38 68,650 52,784 15,866 25,511 41,377 2023 £ 50 |
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THE CRYSALYS FOUNDATION
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Other creditors 8. MOVEMENT IN FUNDS Unrestricted funds General fund Restricted funds Restricted Fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund Restricted funds Restricted Fund TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund Restricted funds Restricted Fund TOTAL FUNDS |
2024 2023 £ £ 1,092 1,020 Net movement At At 1.4.23 in funds 31.3.24 £ £ £ (1,519) 9,405 7,886 42,896 73,802 116,698 41,377 83,207 124,584 Incoming Resources Movement resources expended in funds £ £ £ 12,186 (2,781) 9,405 155,277 (81,475) 73,802 167,463 (84,256) 83,207 Net movement At At 1.4.22 in funds 31.3.23 £ £ £ (222) (1,297) (1,519) 25,733 17,163 42,896 25,511 15,866 41,377 |
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THE CRYSALYS FOUNDATION
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
8. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming resources £ Unrestricted funds General fund 6,050 Restricted funds Restricted Fund 62,600 |
Resources expended £ (7,347) (45,437) |
Movement in funds £ (1,297) 17,163 |
|---|---|---|
| TOTAL FUNDS 68,650 |
(52,784) | 15,866 |
| A current year 12 months and prior year 12 months combined position is as follows: Net movement At 1.4.22 in funds £ £ Unrestricted funds General fund (222) 8,108 Restricted funds Restricted Fund 25,733 90,965 |
At 31.3.24 £ 7,886 116,698 |
|
| TOTAL FUNDS 25,511 |
99,073 | 124,584 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Restricted Fund TOTAL FUNDS |
Incoming Resources Movement resources expended in funds £ £ £ 18,236 (10,128) 8,108 217,877 (126,912) 90,965 236,113 (137,040) 99,073 |
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THE CRYSALYS FOUNDATION
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
9. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2024.
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THE CRYSALYS FOUNDATION
Detailed Statement of Financial Activities for the Year Ended 31 March 2024
| INCOME AND ENDOWMENTS Donations and legacies Grants Donations Investment income Deposit account interest Total incoming resources EXPENDITURE Other Subcontractors Travel Support costs Management Insurance Telephone Postage and stationery Advertising Sundries Promotional events Website development Information technology Computer costs Governance costs Accountancy Consultancy Legal fees Other professional fees Total resources expended Net income |
2024 £ 153,953 13,175 167,128 335 167,463 2,479 107 2,586 383 53 41 106 150 - - 733 310 1,092 41,052 565 37,918 80,627 84,256 83,207 |
2023 £ 62,600 6,012 68,612 38 68,650 - - - 247 - - - - 7,794 335 8,376 241 - 40,257 3,910 - 44,167 52,784 15,866 |
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This page does not form part of the statutory financial statements
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