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2022-12-31-accounts
|
Page |
| Reference and administrative details of the Trust, its Trustees and advisers |
1 |
| Trustees' report |
2-5 |
| Independent auditors' report on the financial statements |
6-9 |
| Consolidated statementoffinancial activities |
10 |
| Consolidated balance sheet |
11-12 |
| Trust balance sheet |
13 |
| Consolidated statement of cash flows |
14 |
| Notes to the financial statements |
15
- 28 |
| Trustees |
M Tempia, Co Chair |
|
P Koivin KC, co Chair |
|
C Sweeney |
|
E Hatch (appointed 1 November 2022) |
|
G Woodfall |
|
R Smith |
|
A Stevens |
|
D Forde |
|
L Marshall |
|
A Peet |
| Company registered |
|
| number |
11360503 |
| Charity registered |
|
| number |
1193331 |
| Registered office |
Anerley Business Centre Room 8 |
|
Anerley Road |
|
London |
|
SE20 8BD |
| Company secretary |
A Brown |
| Independent auditors |
Nyman Libson Paul LLP |
|
Chartered Accountants |
|
Statutory Auditors |
|
124 Finchley Road |
|
London |
|
NW3 5JS |
|
|
Restricted |
Unrestricted |
|
Total |
Total |
|
|
funds |
funds |
|
funds |
funds |
|
|
7 months |
7 months |
|
7 months |
12 months |
|
|
ended |
ended |
|
ended |
ended |
|
|
31 December |
31 December |
31 |
December |
31 May |
|
|
2022 |
2022 |
|
2022 |
2022 |
|
Note |
|
|
|
|
|
| Income from: |
|
|
|
|
|
|
| Donations and legacies |
3 |
|
229 |
|
229 |
30,257 |
| Other trading activities |
4 |
|
698,918 |
|
698,918 |
702,761 |
| Total income |
|
|
699,147 |
|
699,147 |
733,018 |
| Expenditure on: |
|
|
|
|
|
|
| Charitable activities |
5 |
|
334,654 |
|
334,654 |
285,702 |
| Total expenditure |
|
|
334,654 |
|
334,654 |
285,702 |
| Net income |
|
|
364,493 |
|
364,493 |
447,316 |
| Transfers between funds |
14 |
(820) |
820 |
|
|
|
| Net movement in funds |
|
(820) |
365,313 |
|
364,493 |
447,316 |
| Reconciliation of funds: |
|
|
|
|
|
|
| Total funds brought forward |
|
820 |
445,508 |
|
446,328 |
(988) |
| Net movement in funds |
|
(820) |
365,313 |
|
364,493 |
447,316 |
| Total funds carried forward |
|
|
810,821 |
|
810,821 |
446,328 |
|
|
|
31 |
|
|
|
|
|
December |
|
31 May |
|
|
|
2022 |
|
2022 |
|
Note |
|
|
|
|
| Fixed assets |
|
|
|
|
|
| Tangible assets |
10 |
|
74,234 |
|
37,056 |
|
|
|
74,234 |
|
37,056 |
| Current assets |
|
|
|
|
|
| Debtors |
12 |
501 |
|
61,317 |
|
| Cash at bank and in hand |
|
|
|
811 ,630 |
|
|
|
|
|
872,947 |
|
| Creditors: amountsfalling due within one |
|
|
|
|
|
| year |
13 |
(270,745) |
|
(463,675) |
|
| Net currentassets |
|
|
736,587 |
|
409,272 |
| Total assets less current liabilities |
|
|
810,821 |
|
446,328 |
|
|
|
810,821 |
|
446,328 |
| Total net assets |
|
|
810,821 |
|
446,328 |
| Charity funds |
|
|
|
|
|
| Restricted funds |
14 |
|
|
|
820 |
| Unrestricted funds |
14 |
|
810,821 |
|
445,508 |
| Total funds |
|
|
810,821 |
|
446,328 |
|
|
|
31 |
|
|
|
|
|
December |
|
31 May |
|
|
|
2022 |
|
2022 |
|
Note |
|
|
|
|
| Fixed assets |
|
|
|
|
|
| Investments |
11 |
|
1 |
|
1 |
|
|
|
1 |
|
1 |
| Current assets |
|
|
|
|
|
| Debtors |
12 |
30 |
|
|
|
| Cash at bank and in hand |
|
1,006,831 |
|
811 ,630 |
|
|
|
|
|
811 ,630 |
|
| Creditors: amounts falling due within one |
|
|
|
|
|
| year |
13 |
(196,041) |
|
(365,303) |
|
| Net current assets |
|
|
810,820 |
|
446,327 |
| Total net assets |
|
|
810,821 |
|
446,328 |
| Charity funds |
|
|
|
|
|
| Restricted funds |
14 |
|
820 |
|
820 |
| Unrestricted funds |
14 |
|
810,001 |
|
445,508 |
| Total funds |
|
|
810,821 |
|
446,328 |
|
7 months |
|
|
ended |
12 months |
|
31 |
ended |
|
December |
31 May |
|
2022 |
2022 |
| Cash flows from operating activities |
|
|
| Net cash used in operating activities |
232,865 |
424,489 |
| Cash flows from investing activities |
|
|
| Purchase of tangible fixed assets |
(37,664) |
(37,487) |
| Net cash used in investing activities |
(37,664) |
(37,487) |
| Change in cash and cash equivalents in the period |
195,201 |
387,002 |
| Cash and cash equivalents at the beginning of the period |
811,630 |
424,628 |
| Cash and cash equivalents at the end ofthe period |
|
811 ,630 |
| The notes on pages 15 to 28 form part ofthese financial statements |
|
|
|
Restricted |
Unrestricted |
Total |
|
|
funds |
funds |
funds |
Total |
|
7 months |
7 months |
7 months |
funds |
|
ended |
ended |
ended |
12 months |
|
31 |
31 |
31 |
ended |
|
December |
December |
December |
31 May |
|
2022 |
2022 |
2022 |
2022 |
| Crowd funding |
|
|
|
30,098 |
| Other donations |
|
229 |
229 |
159 |
| Total 2022 |
|
229 |
229 |
30,257 |
|
Unrestricted |
Total |
|
|
funds |
funds |
Total |
|
7 months |
7 months |
funds |
|
ended |
ended |
12 months |
|
31 |
31 |
ended |
|
December |
December |
31 May |
|
2022 |
2022 |
2022 |
| Events income |
698,918 |
698,918 |
702,761 |
| Total 2022 |
702,761 |
702,761 |
|
|
Unrestricted |
|
|
|
funds |
Total |
|
|
7 months |
7 months |
Total |
|
ended |
ended |
12 months |
|
31 |
31 |
ended |
|
December |
December |
31 May |
|
2022 |
2022 |
2022 |
| Direct costs |
334,654 |
334,654 |
285,702 |
| Total2022 |
285,702 |
285,702 |
|
|
Activities |
|
|
|
|
undertaken |
Support |
Total |
|
|
directly |
costs |
funds |
Total |
|
7 months |
7 months |
7 months |
funds |
|
ended |
ended |
ended |
12 months |
|
31 |
31 |
31 |
ended |
|
December |
December |
December |
31 May |
|
2022 |
2022 |
2022 |
2022 |
| Direct costs |
72,378 |
262,276 |
334,654 |
285,702 |
| Total 2022 |
93,222 |
192,480 |
285,702 |
|
| Total |
|
| funds |
Total |
| 7 months |
funds |
| ended |
12 months |
| 31 |
ended |
| December |
31 May |
| 2022 |
2022 |
| 72,378 |
93,222 |
|
Total |
|
|
funds |
Total |
|
7 months |
funds |
|
ended |
12 months |
|
31 |
ended |
|
December |
31 May |
|
2022 |
2022 |
| Salaries, Nl and pension |
118,236 |
113,003 |
| Depreciation |
486 |
431 |
| Accountancy and related fees |
22,213 |
14,754 |
| Office expenditure |
21,288 |
20,138 |
| IT expenditure |
|
1,677 |
| Insurance |
3,037 |
2,863 |
| Recruitment |
5,521 |
3,757 |
| Repairs and maintenance |
1,145 |
1,718 |
| Legal, professional and consultancyfees |
90,350 |
34,139 |
|
262,276 |
192,480 |
| 7 months |
|
| ended |
12 months |
| 31 |
ended |
| December |
31 May |
| 2022 |
2022 |
| 7,000 |
2,500 |
|
Group |
|
Trust |
|
|
7 months |
Group |
7 months |
Trust |
|
ended |
12 months |
ended |
12 months |
|
31 |
ended |
31 |
ended |
|
December |
31 May |
December |
31 May |
|
2022 |
2022 |
2022 |
2022 |
| Wages and salaries |
104,418 |
104,981 |
52,209 |
52,490 |
| Social security costs |
10,456 |
5,637 |
5,228 |
2,818 |
| Contribution to defined contribution pension |
|
|
|
|
| schemes |
3,362 |
2,385 |
1 ,681 |
1,193 |
|
118,236 |
113,003 |
59,118 |
56,501 |
|
Group |
|
Trust |
|
|
7 months |
Group |
7 months |
Trust |
|
ended |
12 months |
ended |
12 months |
|
31 |
ended |
31 |
ended |
|
December |
31 May |
December |
31 May |
|
2022 |
2022 |
2022 |
2022 |
|
No. |
No. |
No. |
No. |
| Employees |
4 |
2 |
4 |
2 |
| 31 |
|
|
| December |
31 |
May |
| 2022 |
|
2022 |
|
|
1 |
|
|
|
Concert Bowl |
|
|
Office |
Computer |
under |
|
|
equipment |
equipment |
construction |
Total |
| Cost or valuation |
|
|
|
|
| At 1 June 2022 |
|
3,209 |
34,278 |
37,487 |
| Additions |
780 |
2,034 |
34,850 |
37,664 |
| At 31 December 2022 |
780 |
5,243 |
69,128 |
75,151 |
| Depreciation |
|
|
|
|
| At 1 June 2022 |
|
431 |
|
431 |
| Charge for the period |
12 |
474 |
|
486 |
| At 31 December 2022 |
12 |
905 |
|
917 |
| Net book value |
|
|
|
|
| At 31 December 2022 |
768 |
4,338 |
69,128 |
74,234 |
| At 31 May 2022 |
|
2,778 |
34,278 |
37,056 |
|
Investments |
|
in subsidiary |
|
companies |
| Trust |
|
| Cost or valuation |
|
| At 1 June 2022 |
|
| At 31 December 2022 |
1 |
| Net book value |
|
| At 31 December 2022 |
1 |
| At 31 May 2022 |
1 |
| The following was a subsidiary undertaking of the Trust: |
|
|
|
| Name |
|
Class of |
Holding |
|
|
shares |
|
| Crystal Palace Park Events Limited |
|
Ordinary |
100% |
| The financial results ofthe subsidiary for the period were: |
|
|
|
| Name |
Income |
Expenditure |
Net assets |
| Crystal Palace Park Events Limited |
698,918 |
(698,918) |
1 |
|
Group |
|
Trust |
|
|
31 |
Group |
31 |
Trust |
|
December |
31 May |
December |
31 May |
|
2022 |
2022 |
2022 |
2022 |
| Due within oneyear |
|
|
|
|
| Trade debtors |
|
43,200 |
|
|
| Other debtors |
501 |
|
30 |
|
| Prepayments |
|
18,117 |
|
|
|
501 |
61,317 |
30 |
|
|
Group |
|
Trust |
|
|
31 |
Group |
31 |
Trust |
|
December |
31 May |
December |
31 May |
|
2022 |
2022 |
2022 |
2022 |
| Trade creditors |
520 |
5,224 |
520 |
5,224 |
| Amountsdue to Crystal Palace Park Events |
|
|
|
|
| Limited |
|
|
180,090 |
353,484 |
| Other taxation and social security |
31,235 |
33,924 |
6,291 |
3,345 |
| Accruals and deferred income |
238,990 |
424,527 |
9,140 |
3,250 |
|
270,745 |
463,675 |
196,041 |
365,303 |
|
|
|
|
|
|
Balance at |
|
|
|
|
|
|
31 |
|
|
Balance at I |
|
|
Transfers |
December |
|
|
June 2022 |
Income |
Expenditure |
in/(out) |
2022 |
| Unrestricted funds |
|
|
|
|
|
|
| General Funds |
- all funds |
445,508 |
699,147 |
(334,654) |
820 |
810,821 |
| Restricted funds |
|
|
|
|
|
|
| Crowdfunding |
|
820 |
|
|
(820) |
|
| Total of funds |
|
446,328 |
699,147 |
(334,654) |
|
810,821 |
|
Unrestricted |
Total |
|
funds |
funds |
|
31 |
31 |
|
December |
December |
|
2022 |
2022 |
| Tangible fixed assets |
74,234 |
74,234 |
| Current assets |
1 ,007,332 |
|
| Creditors due within one year |
(270,745) |
(270,745) |
| Total |
810,821 |
810,821 |
|
Group |
|
|
7 months |
Group |
|
ended |
12 months |
|
31 |
ended |
|
December |
31 May |
|
2022 |
2022 |
| Net income for the period (as per Statement of Financial Activities) |
364,493 |
447,316 |
| Adjustments for: |
|
|
| Depreciation charges |
486 |
431 |
| Increase in debtors |
(287,435) |
(23,248) |
| Increase/(decrease) in creditors |
155,321 |
(10) |
| Net cash provided by operating activities |
232,865 |
424,489 |
|
|
Group |
|
|
|
31 |
Group |
|
|
December |
31 May |
|
|
2022 |
2022 |
| Cash |
in hand |
|
811,630 |
| Total |
cash and cash equivalents |
|
811,630 |
|
|
|
|
|
|
|
|
At 31 |
|
|
|
|
|
|
At 1 June |
|
December |
|
|
|
|
|
|
2022 |
Cash flows |
2022 |
| Cash |
at |
bank |
and |
in |
hand |
811 ,630 |
195,201 |
|
|
|
|
|
|
|
811 ,630 |
195,201 |
|