REGISTERED CHARITY NUMBER: 12032J8 REPORTOF THE TRUSTEES AND UN FINAP4CIAL STATEMENTS FOR THE YEAR ENDED 31 b'OR SANDCRO
SANDCROFT cor+ii'ENTS OF THE FINAliCIAL STATEMENTS for the ear ended 31 Mareh 202 P#ge Report of the Trn5tee IDdependent Ex#min¢r'5 Report Ststement of Finantial Aetivities Bala£e Sheet Note5 to the Finattel*l Sixtements 7 to 10
SANDCROFT REPORT OF I'H Tr.'fRIISTEES e8r ended 31 March 2025 The trustees who are also direcr$ of the ch&rity for the purposes of the Companies Aci 2006, pr¢sent their report with the fknancial ststements of the charily for the year ended 31 N4arch 2025. Tlie trustees have adopted the provisions of Ac¥ounlitJg and Reportiijg by Chariiie5.' Statem¢Tht of R¢cornmended Pra¢iic¢ applicable lo charities preparing thear account5 in acctsrdance wilh the Financial Reportittg Siatjdard applicable in the IIK and Republic of Ireland {FRS 102) l¢ffective l Januar), 2019). 0EcTIvEs Af*'D ACTIVITIES Obje¢tives And 8im5 The objects of the CIO ar¢.. a) the prev¢rtlion and relief of poverty, liardship or di5tr¢55 within the Dnited Kingdom by making grants to individuals, charities or other organisation5 working lo prevent poverty and need. b) the advanc¢ment of education within rhe u11¢0 Kingdom for the benefil of the publi< by assisting organisaiions 5UPPOrting the work of ¢ducation establishmen15 or a5s0¢iaied with them. c) the advan¢ement of the Orthodox Jeivi5h religion within the Uniied Kingdom for the b¢nefil of the public. by raising awareness and utiderstanding of religious beliefs attd practices. d) th¢ advancement of such other obj¢¢ts a8 are for the benefjt of the public and ar¢ chaTitable a¢¢ording to English law. Princip•l attivities 9nd revlew To meet its tsbje¢iives rhe Charity made grants to qualifying instltutions and individuals. PUBLIC BENEFIT STATEMENT Th¢ board have referred to tlie guidance contained in ihe Charity Commission's general guidance on public benefit when reviewing the aim and 06jeetives and in plat)ning the charity'5 fure activities. In particlllar, the trustees consider how planlled activiiies will contribute to the aims and objeaiv¢s $¢t. GraDt Making Poli¢y In making grant5 and donations, Ihe bu$t¢es consider the rtquests made and the funds then avoilable and the impact their 8rant5 will make achieving the charity's goals. Con$ideiation is given lo the operational efficiency and T¢PUtation of the recipient charkty and the ability to 'make a dÈfference'. ACHIEVEMENT AND PERFORMANCE Cbaritable 8Ctivitie5 The irnsiees consider that the perfomiance of the charit). hos been satisfactory and look forward to incrta5¢d a¢tivity Ln the future, in particular in supporting young people with the tools and Fesour¢¢s they need to lead fulfillin8 lives and make a Fosittve Contribution lo society. During the year. the charity made grants of £62,277 to institutlOll5 and ran programmes and a¢tiviiies whi¢h supported the aitns ol the chariry. FIN.4NCIAL REI'IEW Financl#l positioii Income for ihe year toiall¢d 62,880. Total expenditure amounted to £76,056. Net ¢xpendiiure for the year w¥$ £10.176. Re$¢rves poliry The trusiees have estsblished the level of reseNes Iihat is those ndS that are freely availabl¢} that the Lharity oughi io have. Reserves are needed io bridge the fundin& gaps between spending on aciiwilies and receiving resources through voluntary donations. However, as the trustees only distribute fLtnds which havt been raised and have Do¢ made futtding commÈiments, they consider that the ideal level of reserves a5 at 31 March 2025 would be appTOXltnately twclve montlis of 5UPPOrt ¢osis. 'nrestrided reserves at 31 .March 2025 were £-12024- £10,176). Thc Injstees are actively pursuing sources of funding order to ensure thai (here ale sufficient reserves to provide financial siabiliry and flexibility, and to enable ihe charity io expand ils tiVities. Goillg ton¢¢rn The tm5te¢s are ¢tsnfJdent that the charity will be able lo ctsniinue operaiing in the for¢se¢abl¢ futtTrr¢. Page 2
SANDCR REPORT OF THE TRUSTEES for the ear ended 31 Mar FUTURE PLANS The ¢harity plans io Continue io promote 11$ Core activities and will consider any oiher proj¢¢ts advancing Its objects. STRIIL TURE, GOVERNANCE AND MANACEMENT Governing doeument The charity 15 a Charitable Incorporated Organisation ICIOI governed by a constiiution agreed by the Intslees and re815tered with the Charity Conu]s510n on 23 May 2023. Rtcruitment #ppointment of new trStee5 New Irustee5 are appointcd due lo their inter¢st in ihe work of the charity and their rewgnised experien¢e in sp¢cific fkeld5 which will further support the work of Sandcroft. New trustees are given a full induction by the director. Trnstees Can retiie when they wish as they do not servt under a fixed term of tenur¢. Organistion&l strutture The board of trustees administers th¢ ¢harity. The board meets periodically. Wid¢r network Ai present Sandcroft does not consider itself part of a wid¢r network. Risk mamagement The trustees have a dury to identify and review the risks io whi¢h the charity is exposed and to tnsure appropriat¢ controls are in place to provide reasonable assurance agllSt fraud atHI em)r. REFERENCE AND ADMINISTRA TIYE DETAJIS Regi5ter¢d Chri¢y number 1203218 Principal address 25 Elmcroft Cres¢¢ni London NWII 9TB Trustets Mr Y Zaiden MT M Roberts Independent Examiner Mr Thurairatnam Sudar5han FCCA 0 19-20 Bourne Court Souihend Road Woodford Gree Essex IG8 8HD Page 2
RLPORTOF THE TRIISTEES ror the var til •r h202 Ap by order of th¢ toard of tru5tee5 On 12 September 2025 And sign¢41 on its behalf by.. Zaiden- Trustce Page 3
IYDEPENDENT EXAMIliER'S RLPORT TO THE TRUSTEESOF SANDCRObT IHdependtnt examiner's report to the trustees of Sandtroft I'lht Company,) I report to the ¢h3rity trustee% on my examination of the accounts of the Company for the year ended 31 March 2025. Responsibilitie5 &nd b95l5 of report As ihe charity's trsleeS of the Company {and also it5 diTeclurs for the purposes of company lawl you are Te5ponsibl¢ for the prtparation of ihe accoltnls in accordance ivith the TequircTnents of ihe C.ompani¢s Act 2006 Ilhe 2006 Act'}. Having satisfied myself thatthe accounts of ihe Company are not re9uired to be audited underPart 16 of the 2006 Act and are eligibl¢ foT independent exgmination. I rcport in respect of my examinaiion of your charity's accounts as carri¢d out urkdeT Se¢iion 145 of the Charities Aci 2011 (the 2011 Act'}. In ¢an7ing out my examinhtion I have followed the Direciions given by the Charity Commission under Se¢tioJ) 14515} Ibl of the 2011 Act. lodependent txaminer's 5t%ternent I hav¢ ¢tsmpleied my examination. I confirm that no mattets have ¢ome to my attention in connection with the examination gtving me cause to believe.. accountin&T record5 were not kepi in r¢sped of the Company as requird by Section 386 of the 2006 Act. or the accounts do not accord with th05¢ r¢rord$" or the a¢¢ollttts do not comply with the accounting requiremenis of Se¢tion 396 of the 2006 Act osher than any r¢quirem¢nt that the arcouyjts give a tNe and fair view which is not a rnatter conskdered as part of an independent examinatlon. OT the accounts liave not beeij prepared in accordance with the tneth()ds and principles of the Statement of Recommended Practice for accountkng and reporting by chariiies lappli¢able to charilie5 preparing their accounts tn a¢¢ordance M'ith the Finat)¢ial Report8 Stsndard applicable in ihe UK and Republic of Ireland IFRS 10211. I have no o)nc¢rns and have ¢otne across no other matters in connection with the examination to whi¢h att¢ntion should be drawn in this r¢port in order to enable a proper utLdeTStanding of the a¢¢ounis io be reached. Mr ThuraiTatham Sudarshan FCCA clo 19-20 Bourn¢ Court Southend Road Woodford Green Essex IG8 8HD 12 September 2025 Page 4
SAN StATEF*lENT OF FINA Tr4C ACI'IVITIES eAr ended 31 March 2025 2025 Unrestricted fund 2024 Total funds INCOME AP4D ENDOWMEN'TS FROM Donations and legxies 62,880 36,880 EXPENDITURE ON Ch&ritable actLVlties R¢liefof poverty, advancerntnt of educaiion and r¢ligion Support Costs 73.048 26,693 73.056 26,704 NET IEXPENDITLIRE)IINCOME 110,176) 26,704 RECONCILIATION OF FUNDS Total fund5 brought forward 10,176 10.176 TOTAL FUNDS CARRIED FORWARD 10.176 CONTINIIING OPERATIOiYS All income and expenditure has arisen from conliJ]uin8 activities. The notes forni part of these financial slatemeThls Page 5
ANDCROFT ALANCE SHEET 31 MArth 2025 2025 Unrestricted fund 2024 Total fimd5 Noies CURRENT ASSETS Cash at bank 30,176 CREDITORS Amounts folling due within one y¢ar {20,0001 NET CURRENT ASSETS TOTAL ASSETS LESS CURRETrIT LIABILrriES 10,176 NET ASSETS 10,176 FIINDS Unrestricted funds TOTAL FUNDS The financial staiemenis were approved by the Board of Truskes and authorised for issue on 12 September 2025 and were signed on lis beha Mr Y Zaiden - Trusl¢e The noi¢s fom part of these financtal statemES)ts Pag¢ 6
SANDC.ROFT NOTESTOTHE FINANCIAL STATE ear ended JI MArch 2025 ACCOUNrir4G POLICAES Basis of preparing the financial statements The financial statements of the charitable compally, i¥hich is a public benefjt entity undcr FRS 102. have b¢en prepared in accordanc¢ with the Charities SORP ffRS 102} 'Ac¢L)unting and R¢porting Charities.. SiateTn¢nt of Recommended Practice applicable io ¢hariti¢s preparing their accounts in ac¢oidan¢e with the Financial Reporting Standard applicable in th¢ U'K and Republic of Iieland {FRS 1021 l¢ffeclive l January 20191,, Financial Reportin¥ Startdard 102 '1The Financial Reporiing Standard applicable in the UK and Republic of Ireland, and the c.ompanies Act 2006. The finan¢ial stat¢ments have b¢en prepared under the historical cost convention. Incomt All income is recognised the Statemeni of Financial Aetivilie5 once the chaTity has entitlement 10 the funds, il is probable Ihai the it)¢om¢ will be received and ihe atnotsnt Can be m¢asur¢d reliably. Expenditure Liabili¥ies are recogni5¢d #s expendiiule as soon as there is a legal or constructive obligaiion committing ihe charity to that exp¢nditure, tt is probable ihat a transfer of economic betjefits will be required in settlement and ihe amouDi of the obligation can be measured reliably. Ekpenditure is accounied for on an a¢¢rnals basis and has been clas5ifJ¢d undeF headings thal aggregate all ¢tss¢ related to ihe cote80ry. Il'here costs ranEJOt be dire¢tly attributed to particular headin8s they have been allocated activities on a basis ¢onsistenl iviih the use ofresourc¢5. Expenditt]re on r2i5ing funds includes the costs of all fundraising activitie5. events, non-chariiable irading actiVlll¢s. and the sale of donated goods. Expetlditure on Chariiable activities includes all cosis incurred by a ¢harity it) undertaking activilies that further its Charitable zims for Ihe b¢n¢fit of its benefictarie5. including th05¢ SUPW)rt ¢tssts and ¢osts r¢lattng to the governance of the charity apportioned to charitable activities. Grants payable are charged to ihe 5tateEnent of fJnan¢ial a¢tivitie5 onc¢ a commstment ha5 been made io pay Ihe grant and this has been communicated to the beneftciary or the grani hag been paid, wliicheler is earlier. T¥xation Th¢ ¢h2rity is considered to pass the tests sei out in Sch. 6, para. l of thc Finance Act 2010 and therefore it meets the definition of a cha¥itabl¢ company for LW corporaiion lax puryx)s¢s. Accordingl),, the charity is potentially ex¢mpi from taxation in respect of in¢om¢ or capital gaiThs received within Categories ¢ov¢r¢d by Pt. I I, Ch. 3 of the Corptsraiion Tax Act 2010 or s. 256 of th¢ Taxation of Charg¢abl¢ Gains Act 1992, to ihe exieni thai such income or gains are applied ¢xclusively io charitable purpose5. FuTbd ac¢ounting Unrestricted funds Can be us¢d in aeeordance with the chariiable objectives ai the discretion of the trustees. Restricted ndS can ot]ly be used for panicylar r¢stricted purw>ses within the objecis ofthe Charity. Restrictions arise when sp¢¢ified by ihe donor or lunds are iaised for partI¢lar restricted purposes. Financial instruments A financial asset or a fioan¢ial liability is Tecogni5ed only when the entity becomes a party to the contractua] provisions of the instrumcnt. Basic financial inslrumenis are initially rccogni5ed at the amouni receivable oi payable tncluding afty rtlaied transaction costs, unle55 the arrangemeni constitutes a fjnancing transaction. where it is re¢ogrtised ai the present value of Ihe fuiur¢ payments discounted ai a market rate of interest for a similar debi instrurnent. Current assets and current liabilities aTe subsequently m¢asured at the cash or other ronsideraiion expected lo be paid or received arhd not discounted. Page 7 tonlinued...
SANDC.RO NOTES TO THE FINANCIAL STATEttrlENTS- colltinued for the ear ended 31 Mwrch 2025 DONATAONS AND LEGACIES 2025 2024 Donations 36,880 CHARITABLE ACTIIIITIES COSTS Support costs (see note 41 Diiect Costs Totals Relicf of poverty, advancement of education and religion 7.3,048 7.1.056 Dir( costs includes grants to insiitutLOilS a88rc8atln8 £62.277. SUPPORT COSTS Fittanre Suppon cos TRUSTEES, REMUP4ERATION AND BENEFITS There were no trustees. remuneration or other benefjts for the year ended 3 I Mar¢h 2025 nor for th¢ period cnded 31 March 2024. Trustee$. expenses There were no trusie¢s' expenses paid for the year ended 31 March 2025 nor ftsr the period ended 31 March 2024. Page Continued...
SAh'DCROFT NOTES TO THE FINANCIAL STATEME%"IS- rthe exr ended 31 Marth 2025 ntfftnued CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 oiher ¢r¢41itor5 20,000 MOVEMENT IIY FUNDS Net movem¢nl ij) funds At 1.04.24 Ai 31.03.25 Unrestricted funds General fund 10.176 110,176} TOTAL FUNDS 22.634 10,176} Net movement in funds, included in the abtsve ar¢ as follows.. Incoming resour¢es Resources expended Movement in funds Unr¢stri¢¢td fullds General fvt 62.880 176.056} {10,176) TOTAL FUNDS 70,056 10 176} Cornparative5 for moveJn¢nt in funds Net ovcnient in funds At 31.03.24 2i.05.23 UnrestTlCted fund5 General fund 10,176 10,176 TOTAL FUNDS 10,176 C.OTnpardiive n¢t movement in fi]nds, included in the above 8r¢ as follow5.. Incomin8 r¢S0ree5 Resource5 expended Movement in fu#ds UrestrICted funds G¢n¢ral fund 36,880 {26.7041 10,176 TOTAL FUNDS Page 9 coniinued...
SANDCROFT NOI'ES TO THE FINANCIAL STATEMENTS- contillutd for the tar ended 3 RELATED PARTY DISCLOSURES During the year, donations of £46,854 were rtceived from the wstees or Companies of ivhich they are direciors. Page 10