REGISTERED CHARITY NIIMBER.. 1203218 REPORT OF THETRLISTEES AND UNAIIDITED FIN.4NCIAL STATEMETr4TS FOR THE PERIOD 23 [Al, 2023 T031 MARCH 21124 FOR SANDC.ROFr
S.4PiDCROFr C'OliTFNTS OF THF FIN..INC'I,I. ST..ITF.%fF.NTS for the triod 23 _I12I 2023 to 31 .1larch 2024 P¥ge Report of the Trusttes Independent ExxThiDer's Report Statemtnt of Finaocial Atti%'itles Balance Sheet Noies io tbt Flnffjcl•l Siatethtthis 7 w 10 Detailed Statement of Financial Aetil'ities
S.4P4DCROFr RTr_PORT OF "fHTr_ TRI"STF.F.S eriod 23 1121" 2023 to 31 Ilarch 2024 for the The iru5tees ivho are also director5 of the charits. for the pUrSeS of ihe Companies Act 21M)6. present their rew>rt with Th¢ finanLial 5tatetnents of Ihe chariti foT the [0 ended i l MaTch 2024. The iTU51ees ha%"e adopie(l ihe proi'isioiis i)I' AILI)unting and RetK)rting hl Chtiriii¢%.. (IfRe¢oTnmende4S PraLti¢e appliLtible t() LhaTilie% PTepaTing their aLLounts in aLcordanLL lllth the FinanLial Rwrting Sthndard applicable in the UK and RcpubliL Ot'lrcland IFRS 1021 IcftLCtic l Januao. 20191. OBJECTIVES AND ACTIVITIES Objeetivts ims The objLlS Ot'ihc (10 arL': al tIIL preN'eniion and reliel-oftM)%'ertv. hardship LY direSS 1th1n ihe Unitrd Kin8dom bv mak'ing grants to individuals. chariiie5 or other organisalions working to prelent Wbiert) and need. bl IhL ddi'unLL'mL'nl ill- txluLuli()n ivithin the Ilniied Kingthirn flir the 1Crit ()[ the public. by a55lSting (ITgtmibuli()nb supwrting Ihe is'ork Ol'LdLatIOn esiablishments or aSSOLiaicd ii'iih them. cl (hL adiLinLcmLnt ol-thL C)rthothii JL%I'ish rL'ligion iiiihin ihc Unii¢d Kingth)m for th¢ lef11 ot'th¢ public. by raisin8 ail'areness and understanding ol-reli8ious beliels and praaiees. dl IhL ad%'anLLmLnt o1-5ULh other objecis a5 are for ihe tri[ of the public and are charitsble according to F.nglish law.. Prlnelpal octiiltles ond r¢vlT -1 o meei its objecli%'¢s the chari1> made grants qualif!'iTh8 insiituiions. PIIIII,IC' IJTr:NTr.Tr'i-r si',ii'Tr.MTr.Pi' 'I'hL haiL rLlirrLLI IhL ¥uidance tY)niained in (he Chariti. Commi$%ion'% genernl guidanLe on publiL bL'nLfil hLn rcvilwing thL aim Jnd i)bjL¥iii¢% and in plannirtg ih¢ iharil!-'% luiurL' a¢iii-iii¢s. In panicular. the Iru%icL¥ ¢onqidLr h() plannLxl Jiii¥i¢iCS will ¢ontyibui¢ io ib¢ Jims and c1¢1% es sa. Cwrnt l#kin% Pollcy In mJkinB ¥ranl4 d()nu¢ions. thL ¢TUSILes ¢on$idL'r thc rwuc$ ma(k. and thL funds thLn avuiluhlL anLI thL impuLt ihLir runi% will mak< in a¢hiLi irtg ih¢ Lhari¢'% g(iJls. C c?n%idcra¢ii)n 1% gi%cn Ihc (wraii()nal ¢ifJilLlY and rL'PUthti()n i)f ihc rLK1PIL'ni Lharii> and thL' ahilit!. tc)'mJk'L a dttlLYLniL ACHIEvEIENT AND PERFORlANcE C'hrilabl¢ aeiiiitit5 'I"hL Lh¢iriti LiimmLrtiiQ ils ar¢i%'ili¢s during ih¢ i.lor und¢T rN I%..1¢ tru%1¢5 riinsidlr tha¢ thl pLrlorman¥L i?I'ih hJrii> has LIstalL(?rI- dnd Iix)k fi)n¥d tc? inirn-&sixl 41i%'iii- in ihi (uturn.. in svartlLulJr in %upN)rting >()ung p¥i)pli with IhL tix)l% and rl)urEs ihL%' nLLd li) ILad fulfillin8 lii'es and makc a rM)%lLIl'L LX)nLribuiii)n li) %)LicII'. l)uring the }'ear the charilj. made grant5 of£26.6413 to inslllulions. gel
S.4P4DCROFr RTr_PORT OF "fHTr_ TRI"STF.F.S eriod 23 1121" 2023 to 31 Ilarch 2024 for the FINANCIAL REVIEW Financial results InLome for the year totall¢d £36.880. Tothl c1penditu for the )"ear amounied to £26.704. Net incojlle foT the year wa5 £lQ,17h. Reserves poIRty -I'he IrustLLS hai'e esblished ihe level of reserves ithai is those funds thai are freely aN'ailablel thai ihe chaTili' ought to have. Re4er%e% ¢ n¢eJ¢d ¢() bridge the funding g#p% betiieen %nditsg aLtii'ilie4 and re¢¢iiiing )ure¢8 thTtsugh vi)lurttag' danJii(>n% ¥[ls. -rhe trustees consider thai the ideal leNel ofreseTves ai 31 March ?024 'OUld be three months of the expenditure i4.hich equate5 to approximaiel> £6.5(M). "I'he actual reser%'es ai 31 March ?U24 iiere £IO.176. '1-he irusiees rei iew the fund5 regUlur1 t(i Lnsur¢ Ihui there ar¢ suifiLient r¢servvJ M) pr()i'ide financial stsbility fie¥ibililJ. FIITLIRE PLANS -I'hL Lharit%' w'ill Lontinue 10 promole its core aciiviiies and ilill eonsider anv other projects adN'ancing ils objects. 8TRIIC.TIIRF..C.OVERP4ANCE AND M.4P4,IGE,%IEYT Gov¢rthing ALhiei'eJ l)reams registered w'ith the C'harii¥' commission on 23 Nla). 2023. The charii}' is n()lled b% its governin8 doLumLnl. ol-trust and Lc)n%iiiuiLs an unincor1ed LhJrii!'. Re¢rultmtnt nd #ppolnlmeni of Dew Iru51tes N¥iv Irii.%lLL% JrL aprMTrinlLJ EluL li¥ Ihlir iniirv%l in th¢ ii'irt of th¢ charii%' and ihcir rc¢ogni%cd lprIenCe in spcLili¢ li¢ld% iihi¥h will lurther $upw>rt lh¢ Mvrk ol. %and¢roft. I'wsie¢s can h¢ th¢% do rM)i SCTK'¢ und¢r a lix¢d llrm ol- iL'nurL. Orgon150tlon#l Slruclurt 'I'hL h()JrJ i)I'tru%iLx'% aJminist¢rs th¢ ¥hariiv.'fh¢ h)ard m¢¢ts l(j1¢all}.. Rlsk manggement 'I'hL tru%tLLs duly t() idLntily and TCI'ILl4' Ihc ri¥ks t() iihich the Lharity i.s eX¢d and ts) cnsurc approprialc Liinlr()I arc in plJ¥L lo prol ide reawnable aksuranL¢ agains¢ linud and cm)r. 'I'hL' IrustL'% hdi'i d risk rnJndgLmLnt %trJi¢81" Ivhilh iy)mpri>¢s: dn Jnnual rL%'iLl¥ l)fihL ri%ks IhL Lhariil mai faLe: thl L%tablishmenl (Il'si 5tim5 and PrnKLLIuTL5 10 rnitigalc Ih05L risk5 idcniifjcd in Ihc plan: Ihc impl<m¥nthiion ol-proi¢dur¢5 dc5igned io minimiK an! lelIa1 impaL¢ ()n ¢h¢ churil}' should thi?5e risks mdtiridlis¢. REFERENCE AND ADI11NIST]L4TIVE DETAILS Re%i5tered ChArit)' number Prlntlp81 address 25 LlmLri)11 CrLsLYnt London NWII 9TEI Trustees Mr Y Zaidcn MT M Robens ge2
S.4P4DCROFr RTr_PORT OF "fHTr_ TRI"STF.F.S eriod 23 1121" 2023 to 31 Ilarch 2024 for the REFERENCE AND ADIIINISTIL4TIVE DET.41t Independent EiaTniner IT ThuTairdtnatn Sudts%hlln FCCA clo 19-?O Boumc Court Southcnd Road 'oodlord Green ICJ8 SHD Approved by order ot the board of trustees on 2 Decemkr 2024 and si8ned on its behalf b).: MT Y 7.aiden- TN5tee ge3
INDEPENDEYT EX.41I11IER'S REPORT TOTHE TRUSTEES OF S.4NDCROFT Ind¢p¢nd¢nt ¢ixfftin¢r's report to th¢ trust¢¢s ofA¢hieYed Dr¢8fft5 repi)rt ti) the Lharill trusiee% i)n e_xaminaii()n i)f the ()r ALhieied Dreams (th¢ Trusii r()r the period 23 202J to J l larth 2024. Responsibilities and basis of report A% Ihe Lharit} tru%lee% {)[ the Trus1 You are rtsw)nsible fot the p[¢pal0 of the a¢u)unts in a¢u)riJ3n¢e i¥ith ihe requircments ot the Charities Act 2011 I'the ACL'I. I report in respect ot mv eiaminaiion of the"I'rusi's accounts Carried oui under Section 145 of the Aci and in carrving out my examinaiii)n I have l()11()wt(l all appliLable DireLli(S gii.en b!. the Ch#rit!' Commi%sitsn under qe¢ii()n 14i15llhl tsr the Ait. Independent examiner's statement I hai'¢ Ll)mpleted mi e¥aminaiion. l LnfIrM thai no maierial Mair5 hai'e come to m). attention in connection with the ¢xutninutiiin ¥iving m¢ uuse beli,¢ that in an). Muri] $rl- accounting rL*ords werL noi kepi in rLPecI ofthe Trusi as r¢quir¢d M sL10Th 130 of(h¢ Act: or the acLounis do not accord 14 iih ihose records- or thL IlLI)UnIS d(1 n()l L(Impli' ii'ith IhL appliLable rcquiTcrnen15 aincerning the fi)rni and Lx)iitenl (If acLI)ui)t5 5Ct out in thL C'huritiLb IALii)unis und KLlX)rts1 RLgululi(In.5 21K)8 iiihLr thun rLNuirLrnLni thai thL iILLX)unis U truL lair viL%i ivhilh is nc)t a maiitr LM)r)sidLrLd as c>l'an iod¢pLmd¢n¢ LI]natiL)n. I haN'L no c(IncLrn5 and haie come ocr05s no other mailer5 in connection 1th ihe eNamination to hleh atiL'ntion Should bL druwn in thi5 rLy)rt in ()rdLr t() cnablL 41 pr()rrtr undM14dITh8 ()rthL aLxx)unts i() k. TL'aLhed. Mr I'hiirairutnum %udarshan FCCA Ll() IY-211 IliiurnL Court outhLnd R()tsd I iii)dl(Ird (ir¢¢n l(ill 8FID 2 1)¢Lemkr 2024 ge4
S.4P4DCROFr ST.&TF.IIF_)"I OTr F IN.4IC-.IAI. 4c-.rii ii"ITr.s for the eriod 23 1121. 2023 to 31 Ilarch 2024 lJrtre%triLied N0tr5 INC.OME AND EliDOWMENTS FROM D()ntiiicin% legaLIL% EXPENDITLRE ON Raising tunds Charitabl¢ J)ttivilies Granis io insiiiution Supwrt cosis 26,693 Total ?6.704 NET INCOME 10,176 TOTAL FIINDS CARRIED FORIVARD IU.176 CONTINI.'IPiG OPERATIONS All inLI)mL and LxpLnditurL aribLn from eonlinuin8 aciii'ities. The notes fonn part of these flnancial SLgLements Jge5
S.4P4DCROFr BAI..IIC-.F. SHF.ET JI Ilarch 2024 Unrestricted tund Notcs CURRENT ASSETS Cash at bank 30,176 CREDITORS Am()unt% lalling due M ithin one }'ear 120,(X)01 NET CURRENT ASSETS 10,176 TOTAL ASSETS LESS CIIRREP*T LIABILITIES 10,676 NET ASSETS 10.676 IlnrL%tri¥lLd I'unds 10.676 TOTAL FiINDS 10.676 -I'h¢ Iinan¢ial.%iai¢m¢nis ivere Oppro%. by lh¢ Iloard of and authorisd for issue on 2 I)¢Mber 2024 and ere %ibTrnL,d i)n iits bLhJll' bj.. Mr Y /.aidLn-'fru51ee The notes fonn part of these flnancial SLgLements Jge6
S.4P4DCROFr
P40"fTr.S"IO THF. Tr IN.INC'I..ii. s"r.Ii"Tr.hIF.Ts
ror the
triod 23 1121. 2023 to 31 Ilarch 2024
ACCOUNTING POLICIES
Ba515 of preparing the financial 5¢atements
The linanLial 4latetnent% lif the Lharitl. iihi¢h 1% a FM]bliL lnefit eTrlilv under FRS 102, have been prepared in
aLLordanLL l5.ith IhL charitIL SORP IFRS 10?) 'ALcollnting and RctX)rting b). Charitics.- Siaicmcni ot.
RecommcndLd PractlCL applicable to chariiiesprLparing ihLiraec4)unis in accordanec ii'iih ihc Financial RcpDrtin8
Sundard appliLable in the LIK and RepubliL of Irelaiid11.'RS 10?Ilefteeiii'e l Januar). 20191,, l.'inanLial Reporting
qthndaTLI 102 'The Finan¢iJl R¢TX)rling 8tsnJard #pplii8hl¢ in the l.'k and R¢publi¥ i)r IT¢lanLI' and the LhJrili
Ait ?01 l. The lirtJn¢ial siat¢menL% e b¢¢rt PTepat¢d under the hisii)Tj¢al ¢i)%¢ u)ni'entii)n.
Going toncern
I'he Irusiee5. hai'in8 made appropriate enquirie& consider thai adequate resource5 exists for the charit),
lo
Liiniinul in ()p¢ratiiinal exi51encc for the r()rLscLable fulure and ihaL iheref(ITC. It 15 appr(ipriuie t() ud()pl gÉ)ing
¢oniLrn basis in preparin8 the linancial stemen1S as at and ti)r the PLYiod end¢d 30 April 2023. The trusieL'S
haty mad¢ this awssm¢nt in r¢srtti a oron¢ !'¢ar from th¢ dai¢ of approval of thes¢ a¢¢ounts.
Thc ITU%tLLS huie Lx>ncludcd thai Ihcre are no maierial unccnaintle5 Tclated io £'ents i)r condition5 Ihat ma). La%t
5i¥niliLuni d()ubt i)n IhL abiliti (If ihL Lharii) li) Lx)niinuL gi)ing Lx)nLLrn.'IknL arL i)fthL (Ipini()n thut
th¥ Lharily %iill hai¢ %uftiLiini rL%)urLx's io mLi thL liabililiLs as ihL fall duL.
Critical atcounting judgements and key sources of estimation untertainty
l>rLpurulii)n c)I' IhL uLLI)unL% TLLiuifL.% ihL IrustLX% und ManugLynLt iii makL' signilivanljudgLinLnt5 and cslimuiL'5.
I'hL itLm% in IhL aLLc>unL% i%hLTL thL%L' judgimL'nts and ha¥L lL'n madL inLludL-
IloLaiion ol'supwrt io$is a¢ross Lhari¢abl¢ a¢iii'iiics.
Income
All inLÉ)rnL 1% rLIi)gTni%Ld in th¢ slalLmLni ()I' l.'inanii411 Ailii'iliL4 IlllLL ihL Lharil} h&% Lnti(ILmLnl to tliL lund.%. il
i.% prt)bublL thut thL inLxJmL WLII t. rLLILd thL {11 cun bL' mLwurL¥J rLliubl>.
Fxpendlturt
l.idhilitiLs arL reLx>8ni5ed &5 exndItre os s(x)n ILS ihere is a le8al or wnsLTUClIL l)hli8ati()n uimmiiiin8 thL
churil). t(> that C¥PLndiiuTC. il is probablL Ihat a tran.4lcr ()l-cL()iii)rniL bcncfiL% ivill Ix. TLNuircd in 4LiIILniLnl and
th¥ amount ol'¢h¢ obligalion b¢ measurcd rcliably. I..%l11 IA al)UnIc for on an aLLruUI basis hu
bLLn rlu%siliLd und¢r hLa(lings Ihai aggr¢ga¢L all ¢(Tr51 r¢lJi¢d ¢0 thc fiilLg(In.. 'br¢ uTr%i% ¢ann(ii hl dirL¥iI>
JtirihuiiJ 10 pJrti¢ul¥ h¢JJings th¥) hai¥ .n all(KJtLxl Lv Ji¢lkltii% (Trn J u)nsitslini w'llh lh¥ or
rL.%i)ufLL%.
(irnnis (?ffrred 5ubje¢t ¢0 umdilions li.hirh have noi been md ai the fvear end dale are n(Trd a5 a rominitmeni bul
ni)t aiiru¢d as ixp¢ndi¢ure.
Charitable activilies
C'haritablL activitiLs cornprise ihosc cost incurrcd M. Ihc charili" in the dclii'm. of its actii ilics and SCTN iccs lor its
bcn
S.4P4DCROFr NOTTr.S TO TH Tr_ F IN.&NC-I.41. 57"4"1Tr.%IF.NTS- continued ror the eriod 23 1121. 2023 to 31 Ilarch 2024 ACCOUNTING POLICIES- tolltillued Fund accounting RestrictLd tunds Lan onl%. bL' USld tor partlLular rL[ricied purrM)ses iiithin thc objtLts ot'tht charity. RcsiriLiions arise hell ScItIed by thL donor or iihen lunds arc raiscd for partieular resir1ed purp)ses. Furiher e.xplatvation ()f¢he naiure anJ purtx)* ()f vaLh fund i_% inLluded in the ¢th the fJnan¢ial %V41etnenLq. DONATIONS AND LEGACIES Donations C'.H,IRITABLE ACTIVITIES C.'OSTS Cjrani funding or ni)tL 51 (irani$ 10 insiiiuiions %uprx)rt ¥osis 26.693 26.6Y3 2(Tr.693 Piige 8 ontinued...
S.4P4DCROFr NOTTr.S TO TH Tr_ F IN.IIC-I.11. 5T A TTr.IITr.NTS- continued ror the eriod 23 1121. 2023 to 31 Ilarch 2024 GRANTS PAYABLE Grants to insiiiuiiions 26.693 26.693 All grants were paid in line iviih the objects of the ehariTh'. SUPPORT COSTS Suppon costs uptK)rt L(ISts TRIISTEES, RTr:MIIPJER,ITION.4ND BENEFITS ThLYL w¢r¥ no irusttts, r¥'munLr41iot) oroiher b¢n¢fits for thc JKriod ¢nJLxl 31 MarLh 2024. Trustees, exptn5e5 'I'hLrL ivLr< n() Iru.%lL*'s' c%pLmsLy paid for Ihc Nrii)d cnJed 31 March 2(1?4. C'REDITORS.. Alo[lNTs FALLING DIIE II'ITHI) ONE I'EAR ()thLf Lrcditors IOVEMENT IN FUNDS Net mov¢m¢ni in Ai 31..7.24 Unrestricted funds 10.170 10.176 TOTAL FUNDS 10.176 10.176 Piige 9 ontinued...
S.4P4DCROFr NOTTr.S TO TH Tr_ F IN.&NC-I.41. 57"4"1Tr.%IF.NTS- continued ror the eriod 23 1121. 2023 to 31 Ilarch 2024 IOVEMENT IN FUNDS- continued Net tnovernent in funds. included in the aiK>iC arc as folloivs= InL4)min8 rcsources Resources cKpcnded Moillemenl in tunds Unrcstricted funds CJ¢nL'rJl I'Llrtd 36.880 (26.7041 10.176 TOTAL FIINDS 36.880 126.7041 10.176 RELATED PARTY DISCLOSURES l)uring the peri()d. diinlliion50f £30.564 li'ere recei¥'ed frorn the Iruslttsor c()mpwiie¥ ()f ii,hich the%. ure direct()r&. Pag¢ 10