Smalles Goldie Group CHEATING ADVANTA¢IE REGISTERED COMPANY NUMBER: 12934741 (England and Wal) REGISTERED CHARITY NUMBER: 1192296 The Cranswick Charitable Trust Unaudited Financial Statements For the period 7th October 2020 to 31st March 2022 SCW204¥W145 ICAtw CHARTERED ACCOUNTANTS ol Smaile5GobePartNwship
The Cranswick Charitable Trust (Registered number: 12934741) Contents of the Financial Statements for th? period 7th Octobor 2020 to 31st March 2022 Page R8farenco and Admlnlstrative Detalls R•port of the Trustees Indep•ndont Ex8mlnerf8 Report Statamant of Financial Activities Balancg Sheot Cash Fl¢)w Stat•m•nt Notos to th• Cash Flow Statement Notes to th• FinAnclal Statements 10 to 13
The Cranswick Charitable Trust Reference and Admlnistrative Details for the perlod 7th October 2020 to 31st March 2022 TRUSTEES Mr S Glover lappoinled 7.10.2020} Ms M Spencer lappointed 7.10.20201 Mr A Naplhine lappointed 7.10.2020} Mr M D V Roberts18ppointed 7.10.20201 COMPANY SECRETARY Mr S Glover REGISTERED OFFICE Crane Court Ferriby Road Hes51e HU13 OPA REGISTERED COMPANY NUMBER 12934741 (England and Wales) REGISTERED CHARITY NUMBER 1192296 INDEPENDENT EXAMINER Smalles Goldie Chartered Accountsnts Regent's Court Prin$ Street Hull East Yorkshire HU2 8BA SOLICITORS Rollits LLP Citadel House 58 High Street Hull HU1 1QE BANKERS Uoyds Banking Group plc 15 Market Place Driffield East Yorkshire Y024 6AH Page 1
The Cranswick Charitable Trust (Registered number: 12934741) Report of the Trustees for the period 7th October 2020 to 31st March 2022 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present thelr report with the financial slalemenls of the charity for Ihe period 7th October 2020 to 31st March 2D22. The Iruslees have adopted the provisions ol Accounting and Reporting by Charib'es.. Staternent of Recommernled Practice applicable to tharilies preparing their accounts in accordan with the Finarrial Reporting Standard applicable in the UK and Republic of lfftland IFRS 1021 (effectivè 1 January 20191. INCORPORATION The charitable company was Incorporat on 7th October 2020. OBJECTIVES AND ACTIVITIES Objectives and aims The cl)je¢tives of the trust are to providg SUPPCrt lo such registered charities or for such olher charitable purposes 8s the trustees in theirdiscretlon think fit. induding alleviating hardship faced by individuals an¢J their families and supportiTrJ charitable causes relating lo fwd povety and educallonal need. SIgnifan1 activities The trust commenced its aclivilies during 2021 following receipt of donations from CranSWk plc and related parties. These activities focussed on supporting a number of smaller charities whose actwities were in areas ofthe United lQngdom where the Cranswi¢k Group had operations. The ¢Jonations were applied by the charits'es for the purchase ol equipment and other project costs and wer8 made lo regiSted charities addssing child poverty and educational needs. In March 2022 given the unprecedented situation In Ukraine, the Iruslees a150 agreed that it would appropriate lo support charitable causes focusgd on alleviating hardship in Ukraine and made a donation to the UNICEF Ukraine emergeney appeal. The trust does not aept unsolidted requests and urKl8rtakes a proactive grant-making progrdmrne and the trustees liaise with other charities, ststulory aulhorilie5 and voluntary organisations lo entify potential recipients. The trustees also liaise with execub'ves al Cranswick lo identlfy potential iecipienls, however, ary de(isK)n whether to award a grant to anyone with a current or past connection lo Cr8nswi¢k is al the twstees. sole discretion. 11 is unllkely that the trust would support total project costs unless applIntS are able to demonstrate that funds have been raised or are in the presS of being raSsed from olher sources. All decisions of the trustees about grants are made in accordance wSth the trusys grant maklng pollcy and adherfng lo the charills conflict of interest policy. Public benefit The Trustees nriMi that they have referred to the guidance contained in Ihe Charity Commis&ons general guidance on public benofil when reviewing the settlements aims and objectives and in planning fijture activities and setting the grant making policy. ACHIEVEMENT AND PERFORMANCE Charltable activiti0$ As sel out in note 4 of the financial ststemenls the chatlty made grants lo charitable organisalions and causes of £8,000 during the year. The daOn9 made by the tnjsl have (th the excepllon of the donallon lo UNICEF) supported smaller charities which do not benetit from a national profile in relation lo their activities. where the trustees consider that donation5 by the trust would be material in relation lo the delivery of such charities, activities. FINANCIAL REVIEW Financial positlon The trust's income for the year was £530,5D5. Grants of £8,000 were paid during the year. Th8 sEe of grants varied from £1.000 10 £4,000 and an analysis is providgd in note 4. Page 2
The Cranswick Charitable Trust (Registered number: 12934741) Report of the Trustees for the pgrlod 7th Octc43er 2020 to 31st March 2022 FINANCIAL REVIEW Principal funding sourcès The trust is funded by donations from Cranswtck plc and related parties. Reservo$ poIIcy Total reserves amount to £510.334, of which £14,334 are unrestricted. There are no matèrial amounts designated ¢x commilled al the end of Ihe reporting pericMI. The Iruslees aim to maintain reserves al a level that will allow the distribution of grants lo achieve the charitable objects of the Irusl. The Iruslees will continue lo make grants lo individuals in need and lo other charities and voluntary organisalions. FUTURE PLANS The trust received a &gniant donation of £500.000 from Crans¥Mck plc in March 2022, which expressed wlsh that such donation be applied towafds the all8vialion of hardship resulting from the conflict in Ukiaine. The trustees will be undertaking a review in 2022 to identify appropriate charitable causes to which such donation can be applied. The trustees will also continue to identify smaller charilEs f¢u$$ed c*t alleviating hardship. food povety and educAlional ne&J in relation lo whh other funds of the trust will be 8pplied. STRUCTURE, GOVERNANCE AND MANAGEMENT Govemlng document The trust was reg15tered with the Charfty Commission under refer2te 1192296 on 12 November 2020 aThY Is slruclured in accordance with thg Trust Memorandum dated 7 October 2020. Recruttrrtent and appointment of new trust•es Trustees are appointed for a period of three years and may bg appointed for a second and third three-year period. If for any reason a trustee is no longer able to act lincludiro on the expiry of a Ihree-year term of appointm$nll. the remaining truslges will decide on a replacement. The trustees have not undertaken specific training, bLrt they are satisfi'ed with the level of gxperience in charity matters and rely on professlon81 advisers where approprfale. There is no fomial procedure in place for the inducllon and training of trustees and any training is dealt with as necessary in consultation with Advisers. Organisational structura The trust is managed by 8 board of trustees which conslsls of three Cranswick Group emptyees and an independent Iruslee. who do not receive any remuneration or expenses in relation lo the performance of Iheir roles as trustees. Adminislralive support and fa¢iliti8s are provided to the trust by Cranswick pl¢. The trustees meet periojirxlly, and al lea51 twi a year. to consider the broad strategy and areas of activity ol the trust. induding grant making. investment and risk man8gemenl. Risk management The Iruslees have a duty to idenlfy and review the risks lo whlch the charlty is exposed and to ensure appropriate wnlrols are in place to provide reasonable assuran against fraud and error. TRUSTEES. RESPONSIBILrrY STATEMENT The truslees {who are also the directors of Tho Cranswick Charitable Trust for the purposes of company lawl are responsible for preparing the Report of the Trustees and the financial slalemenls in accordance with applicable law and United lfjngdom Accounting Standards (United Kingdom Generally Accepted Accounting praCte). Page 3
The Cranswick Charitable Trust {Registered number: 12934741) Report of the Trustees for the period 7th October 2020 to 31st March 2022 TRUSTEES. RESPONSIBILITY STATEMENT - contlnuod Company law requires the Iruslees lo prepare finanrial slatemenls for each financial year which give a true and fair view of the state of affairs of the chariiable company and of the incoming resources and application of resources, including the income and expendilure, of the charitable compary for that period. In preparing those financial statements, the trustees are required to select suitable accounting policies and then apply them Consistent., observe the methods and principles in the Charity SORP., make judgements and estimates that are reasonable and prudent., wepare the financial statements on the going concein basi5 unless il is inappropriate to presume that the charitable company will ¢ontinue in business. The trustees are responsible keeping proper accounting records which disclose with reasonable accuracy al any Ilme the finanaal posiJon of the charitable c¢mp8ny and lo enable them lo ensure that the financial s¢alemenls comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the ch8ritsble company and hence for taking r68sonable steps for the prevention and detection of fraLKI and other irregularities. This report has been wepared in accordance with the 5pecAal provisions of Part 15 oflhe Companies Act 2006 relating to small companies. Approved by order of Ihe board of trustees on ..... . and signed on 115 behalf by.. Ms M spenr- Trustee Page 4
Independent Examinerfs Report to the Trustees of The Cranswick Charitable Trust Indopondent examinerfs report to the trustee$ of The Cranswick Charitsble Trust {*he Company.) I report to the charity trustees my examination of the accounts OF the Company for Ihe period 7th October 2020 to 31st March 2022. Responsibilities and basis of r•port A5 the charity's Iru5tees of the Company land o1$0 its directors for thg purwse5 of company law) you are responsible for the preparation of the accounts in accordan with the requirements of the Companies Act 2006 {'Ihe 2006 A¢l'l. 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 I'lhe 2011 Acri. In carrying out rny examination I have followed the Directions given by the Charity Commission under section 145151 {bl of the 2011 Act. Ind•p•ndÈnt examlner's statement Since your charity's gross income exceeded £250,000 your examiner musl be a member of a listed booy. I can confirm that l am qualified lo undertake the examination because l am a wislered member ofthe ICAEW hich is one of the listed bodies. 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.. accounting records wew not kept in respect of the Company as required by secuon 386 of the 2006 Act.. or the accounts do not aword wlh those rOrds,- or the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirèment that the accounts give a true and fair view which is not a matter considered as part of an independent ex8minab'on', or the accounts have not been prgpargd in acwdancg with th8 molhods and prinaples of the Slalemenl of Remmended Pradice for accounting and reporting by charities (applicable to tharilies preparing Ihwr accoun15 in accordance wth the Finanaal Reporting Standard applicable in the UK and Republic of Ire18nd (FRS 102)). I have no COnmS and have come across no other matters in connection with the axamination to which attention should be drawn in this rep( in order to enable a proper understanding of Ihe acCntS to be reached. Stephen Bramall Bsc FCA Smalles Goldie Regent's Court PrinTrss Street Hull East Yorkshire HU2 8BA Date.. 61h July 2022 Page 5
The Cranswick Charitable Trust (Registered number: 12934741) Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the period 7th Octob•r 2020 to 31st March 2022 Unrestricted fund Restrrcted fiJrKJ Total funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 30.505 500.000 530,505 EXPENDITURE ON Charitable activitie5 Education Food Poverty Ukraine Crisis Support Costs 1,000 3,000 1,000 3,000 4.000 12.171 4.000 12,171 Total 16.171 4.000 20.171 NET INCOME 14.334 496,000 510,334 TOTAL FUNDS CARRIED FORWARD The notes form part of these financial Statements Page 6
The Cranswick Charitable Trust (Registered number: 12934741) Balance Sheet 31st March 2022 Unrestrlcled Restricted fund fund Total fvnds Notes cuRREP ASSETS Debtors Cash at bank 2,160 14,334 2.160 510.334 496.000 16.494 496.000 512.494 CREDITORS Amounts falling due wthin one year (2,160) 12.160) NET CURRENT ASSETS 496 000 510 334 TOTAL ASSETS LESS CURRENT LIABILITIES 14,334 496.000 510,334 NET ASSETS 496,000 510.334 FUNDS Unrestricted funds Restricted funds 14.334 496,000 TOTAL FUNDS 510,334 The charitable company is enliued to exemption from audit urKler Section 477 of the Companies Act 2¢J)6 for the period ended 31st March 2022. The members have not required the company to obtain an audit of its financial 5tstemenlsfor the period eed 315t March 2022 in accordar¢e wlh Secth)n 476 of the Companies Act 2006. The Iruslees acknowledge their responsibilities for 18) ensuring that the charitable Company keeps accounting record5 that compty with Sections 386 and 387 of the Companies Act 2006 and preparing financial statements whlch give a true fair view of the slate of affairs of the charitable company as al the end of each fin8nryal year and of its surplus or deficit for each financial year In accordance with the requirements of Sedons 394 and 395 and which othermse comply wth the requifernenls of the Cornpanies Act 2006 relating to financial slatemenls, so far as appli¢8ble lo the charitable compary. Ibl These financAal statements have been prepad In accordan the provisions applicable to charitable companies subject to the small companies regime. cial slalements were approved by the Board of Trustees a1 authorised for Issue on . and were signed on its behalf by.. Ms M Spencer- Trustee The notes form part of these financial statements Page 7
The Cranswick Charitable Trust (Registered number: 12934741) Cash Flow Statement for the period 7th October 2020 to 31st March 2022 Notes Cash flows from operating activities Cash generated from operations 510.334 Net cash provided by operating activities Chango In cash and cash oquivalents in the reportirKJ perfod Cash and c8$h èquivalants at the beginning of the rgportlng period 510.334 Cash and cash gqulvalents * the end of tha rnporting period 510.334 The notes form part of these flnancial statements Page 8
The Cranswick Charitable Trust (Registered number: 12934741) Notes to the Cash Flow Statement for th* period 7th October 2020 to 31 st March 2022 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING AcTIVlEs Net income for the reporting period las pèr thè Stat8mant of Financial Activrtiesl Adjustment5 for: Increase in debtors Increase in creJilor3 510.334 12.160) Net cash provided by oporations 510.334 ANALYSIS OF CHANGES IN NEf FUNDS AI 7.10.20 Cash flow At 31.3.22 Net cash Cash at bank 510,334 510.334 510,334 Total 510.334 510.334 The notes fomi part ol these financial stslemenls Page 9
The Cranswick Charitable Trust (Registered number: 12934741) Notes to the Flnanclal Statements for the perlod 7th October 2020 to 31st March 2022 ACCOUNTING POLICIES Basls of preparlng the financlal statsmgnts The Cranswi¢k Charitable Trust is a company limited by guarantee and is registered with the Charity Commission of England and Wales. In the event of the charity being wound up, the liability in respect of the guarantee is limrted lo £1 per membef ofthe chanty. The principal address is given in the charity infornialion on page 1 of these finanaal statements. The nature of the charity's operations and prinopal activities are that of supportiThJ Gharitable cryanisa110115 through the provisk)n ol grant funding. The charity conststutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their a¢¢ounis in accordance with the FinarKial Reporting Stsndard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United lQngdom and Republic of Ireland {FRS 102}, the Charities Act 2011. and UK Generally Accepted Accounting PraGtice. The finanrial statements are prepared on a going concern bags under the historical cost convention. modified to include certain items at fair value. The financial $18tements are presented in sterling which is the functional CUrneY of the charity and rounded to the nearest £. Incomo All income is recognised in the Slalement of Finanual Activities On the charity has entitlement lo the funds. il is probable that the income will be receivèd and the amount can be measured reliably. The value of donations made by way of the cash settlement of professional fees and insurance premiums by affiliated entities are recognised as income al the Irans8¢tson cost of the underfying sup Y and in the period that the underfying supply is made. Expendituro Liabilities are wognised as expenditure as soon as there is a legal orconstrucb.ve obllgation committing the charity to that expenditure, it is probable that a transfer of economic benefits wll be required in settlement and the amounl of the obligation can be measured reli8bly. Expenditure is aCUnted for on an 0rua5$ basis and has been ¢lassrfied underheadings that aggregate all cost r8laled ID the category. Where Costs ¢annol be dI¢11Y attributed to particular headings they have been allocated to atVIlle$ on a basis consislenl the use of resources. Grants payablo Granls aulhorised and paid by the tnjstees are included wthin the statement of financial activities in the furtherance DI the charitable objectives of the trust. Grants payable a charged in the year when the offer is conveyed to the recIpnt expt in those cases Whe the offer is conditional, such grants beiro recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject lo conditions which have not been rnel al the year end are noted as a commitment, but not 8ccwed as expenditure as these remain al the diretIOn of the Iruslees. Support costs All support costs are shown separately from the underlyro tharitable aclivib'e5. Toxatlon The charlty Is exempl from corporafjon lax on ils Charitab activities. Fund accountlng 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 reslricled purposes wlthin the objects of the charity. R8stri¢lions arise when specified by th& donor or when funds are raised for particular restricted purposes. Page 10 continued...
The Cranswick Charitable Trust (Registered number: 12934741) Notes to the Financial Statements - continued for the period 7th October 2020 to 31st March 2022 ACCOUNTING POLICIES - continued Fund ac¢ountlng Further explan81ion of the nature and purpose of eath fund is included in the notes to the financial statements. DONATIONS AND LEGACIES Donations Donalioiis- governan costs met by Cranswick plc 518,725 530.505 CHARITABLE ACTIVITIES COSTS Charitable activities costs represent grants payable and support $ts. Detailed breakdowns are induded in notes 4 and S respectively. GRANTS PAYABLE Educab'on Food Poverty Ukraine Crisls 1,000 3.000 The total grants paid to institutions during the year was as follows.. Commilled for future periods Total recognised in year Paid in year The Kinetic Science Foundation The Exodus Project ENYP Bundles of Joy UNICEF 1,000 1,000 1.000 1,000 4.000 1.000 1,000 1.000 1,000 4,000 Grants paid lo Institutn$ 8,000 8.000 Grants paid to individuals Page11 continued.-.
The Cranswick Charitable Trust (Registered number: 12934741) Notes to the Financial Statements - continued for thè period 7th October 2020 to 31 st March 2022 SUPPORT COSTS Govemance costs Finan Totals Support Costs 391 11,780 12.171 Support costs. included in the above, are as follows.- FinanGo Support Costs Bank charges 391 Governance costs Supwt Costs Insuran Accountancy fees Legal fees 2.320 2.160 7.300 TRUSTEES. REMUNERATION AND BENEFITS There were trustees, remuneration or other benefits for the peri ended 31 st March 2022. Truste8s' •xpenses There were no trustees, expenses paid for the period ded 31st March 2022. DEBTORS: AMOUIUS FALLING DUE WITHIN ONE YEAR Prepayments ané accrued Inrne 2.160 Page 12 ntinued...
The Cranswick Charitable Trust (Registered number: 12934741) Notes to the Financial Statements - continued for the period 7th Octobor 2020 to 31st March 2022 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Accruals and deferred income MOVEMENT IN FUNDS Net movement in funds At 31.3.22 Unr•strict•d fund5 General ftjnd 14,334 14.334 Rastrictsd funds Restricted Fund 496.000 496.000 TOTAL FUNDS Nel movement in funds. induded in the above are as flOws.. Inwming resources Resources expended Movemenl in funds Unrestrlcted funds General fund 30.Y15 116.1711 14,334 Restricted funds Restricted FUNJ 500,000 14.0001 496.000 TOTAL FUNDS Reslricled funds relate lo funds donated by Crdnswick plc specnS¢xlly to be applied lo the alleviation of hardship relating to the conflict in Ukraine. The general fund represents funds which have no s[fiC designation. 10. RELATED PARTY DISCLOSURES Ouring the year the trust received income of £505,000 and the payrnent for professional fee$ and Insuran premiums totalling £11,780 from Cranswick F4c. The Cranswick Charitable Trust ICCTI is run independgnuy to Cranswick plc, although there is an affiliation ben the organisalions. During the year the trust received ineome of £14,037 from Thomas Broadbent & Sons Ltd. Adarn Couch is a non-execulive director of Thomas Broadbent & Sons Ltd and a director of Cranswick plc. In aCCordare with Cranswi¢k plc usual practice, non-execubve d1ctOr fees of £1,250 per month are directed to be paid to the charity. Page 13