Charity registration number 207622 THE HEINZ, ANNAAND CAROL KROCH FOUNDATION ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 THE HEINZ, ANNAAND CAROL KROCH FOUNDATION CONTENTS Page Legal and adfninislialive inform8lion Trustees. report Slatemenl ol trustees, responsibilities Indépendent audilorfs rÈport Stalemenl of financial aclDlities 10 Balance sheet kQoles lo Iha flnancial slalemenls 12-18 THE HEINZ, ANNAAND CAROL KROCH FOUNDATION LEGAL AND ADMINISTRATIVE INFORMATION Trustees D Lang H Aslle J Seagiim X Lang C Ru5hbraok Senlor Management Team B Aslle- Adininislrator Charily number 207622 Princlpal address PO Box 327 Hampton UK TW12 9DD Audltor Xeinadin Audit Limiled Riverside House, Kings Reach Business Park Yew Slieel Stockpori Cheshire United Kingdom SK4 2HD Bankèrs HSBC Bank PLC 120 Church Slre81 Eccles Manchester M3 OLS THE HEINZ, ANNAAND CAROL KROCH FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 The trustees presenl Iheir annual report and financial slalements lor the year ended 31 March 2024. The financial slalemenls have beon prepared in awordance with tho a￿￿￿11￿9 policies sel out in note 110 Ihe financial slalemenls and cotnply with Ihe charity's conslilulion. Ihe Gharilies Act 2011 and "Accounting and Reporting by Charities.. Slalemelll of Recommended Practice applicable lo charities preparing Iheii aocounls in accordance with the Financial Reporiing Standard applicable in the UK and Republic of Ireland IFRS 1021" lefleotive 1 January 20191. Obj8ctlv&s and activit1&$ Objecls and alm5 The charily's prinup21 objecl is lo apply its ineom6 to assist Ihose people suffeiing sèvere poverly. The Iruslees have sel out lo a¢hleve Ihls by making grants lo people in need. Objectives. strategies and activllies The foundation has made 593 granl awards in Ihe cvrFent year lotalling £16g.850. 12023.. 559 grants lolalling £144,728). Publirt benefit Thg foijndalion 2ppli&.s the InvÈstmeni in¢ome for the public benefit by making grant awards lo people sufferlng from significant financial hardship. The truslees confirm that Ihey have complied wilh Ihe requiremenis of section 17 of the Charities Acl 2011 to have due fegard lo Ihe public benefil guidance published by the Charily Commission for England and Wales. Grant makingpolicies Applications for g12nls are cansider8d by Ihè Irusleès al bi-monthly Imeètings. Grants lend lo bè ol modÈst amounts and are intended lo gssisl people in need. Most applicants come Ihrougli olheT charitie5 and local avlhorilies. Grants continue lo be small in value and largeled al the lower end ol the social scale. THE HEINZ, ANNAAND CAROL KROCH FOUNDATION TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Achlevements and performance Individual 9ranl numbers exceeded awaids made last year. The foundation tnade a significant conliibulion lo vailous charilies for larger than average awaids lolalling £24k. From the lolal amount of grants dispeTsed1£169.8kl. É51k was awardÈd in individual granls involving incidents of domeslic abuse. In November 2023 the office saw a surge in telephone and email enquiries, largely due to the national presence of thè loundalion wilhin the charity sector, hiuh visibility on prominent websites and Ihè éxpansivè langè of grants made avgilablo lo individuals tsuffering finalloi31 haidship. The demand from Housing A550C181ions and NHS TILFSIS has increased sigllilicanlly. with caseworkeis submilling multiple requests priinaiily, for flOO￿ng and while goods. There has also been an inGioase in Social Presciibers and Wellbeing Coordinators, who have laken a holislic approach when Inaking referrals and citing financial hardship as one coinponenl in allevidling the emolional distress Df their clients. The office has adopted a number of measures lo manaoe Ihe influx ol enquiries, one ol which is lo assign lead-¢oordinalors for large organisalions xnd charitiès whose roltr is lo oversee applications piior lo submisston. An ifti1181 screening process has been pul into operation lo identify and verity if these enquiries satisfy the foundations eligibilily crileTia for a gTanl. The referrals being submitted are often unsalislactory. with discrepancies needing to be addressed prior lo submission. Addilionally ihe office is providing extra guidance to caseworkers to progress Iheir application. Many charilies ale feeling the effects of the cost of living CTISIS. There has been a decrease in the piovision from some lundors. ovetheads have increased and geneTally an oveiall decline in public (fonalions. A number of CAB offices are running community projects and have deilicaled advisers lo assist individuals sulfering Irom the impacl ol Ihe cost of living crisis. The new financial year presents a number of challenges but the Irustees are confident in eontinuing to providè une68sing support to those who are facing finanaal har(Sship. Finanoial review Golng concern The board of tTu8lees has a reasonable Èxpèctation th81 the foundation will have ad6quate resources lo continue In operalional exislellce for the foreseeable future. For this reason il ￿n(InueS lo adopt the going concern basis in prepaiing the finanaal slatemenls. Policy on reseNes It is Ihc policy ol the Iruslees lo maintain the unreslricle(f lunds. which ale Ihe free reserves of the charity, al a level ol a leagt six monll)s expendilure. This provides sufficient funds lo cover management and administration cosls and lo respond lo emergency grant applications. Unrestricted funds remained considerably above Ihis level Ihroughoul thè yèar. Principal fundlng sources The foundalions piinciple funding source is Ihe investment income generated by Ihe investment POFllolio. liivestmehtpolicy aiid objectives The Kroch Foundation's ILJnd manager is CCLA. with whom th8 Foundation holds units in the COIF Charities Investment Fund Ilnveslmenl Fund). The Investment fund is a pooled mulli-assel inveslmenl vehicle with a laige number of undpilying investors and appiox. £3.78 bn of assets and best suited to the Foundalion's iiicome and capilal growth requirements. As 013151 March 2024. Ihe value of our investment was £7.193m million (excluding cash held in tho COIF Chaiilios Deposit Fund which was approx. £90kl. The loreeasl annual income for Ihe COIF Charities Investmerit Fund for calendar year 2024 is £195,630, reprèsÈnling an invéslmÈnt yield of 2.72Q/(+. THE HEINZ, ANNAAND CAROL KROCH FOUNDATION TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Slru¢ture. governance and management N81ure of governing docuintrnt The Hein2. Ann3 8nd Carol Kroch Foun(Salion is a rÈgistered d)arily (No. 2076221 and is governed by trust deeds dated 23rd Mar¢h 1962 and 71h August 2Q14. Recruitment andappolntment of Irustees The charily is governed by ils Iiusl deeds which slate Ihal Ihe seleclion and appointment of new Iruslees is al the discrelion ol Ihe chairman. Organi$alionalstru¢ture The adminislralor rpport8 lo the boaid al their bt-annual meellngs. Inductltsn and training of Irustees The Indudion process includes a meeting ￿th Ihe Chair of Trustees who explains a brief history of Ihe fO￿ndatiO￿,1he inveslme¥rts. Ihe grant tmaking prooe5s, powers arml responsibililtes of Ihe trust board. A￿angelile￿tS forselting key inaAJag&mentpersonnel remuiieBtio The foundation employs an a(tminislralor whose salary is reviewed by the board annually. Financlal in8truinèi)ts Objective5 andpolicffe5 The charity's aclivilies expose il to a nun)ber of financial risks including credit risk. cash flow risk and liquidity risk. The us6 of financisl delivalives is goveriied by Ihe charily's policies approved by Ihe board of trustees. which provide wrillen principles on the use ol finanual derivatsves to maiiage these risks. The charity does not use deriv8ilv6 Ilnandal instruments for speculallve purposes. Cash flow risk The charity's activities expose il primarily to the financial risks of invèslm8nl yields arbd inlèrÈsl ratÉg. Inlerest bea¥ing asseis and liabilities are held al fixed rale to ensure certainly of cash ftows. Credit rlsk The ¢harily's piincipal fjnancial assets are bank balances and investments. The credit risk on liquid lunds is lirniled becausè the COLJnlerparliès aré banks with hioh crèdit-ralings assigned by inleriialional oredil-rating agencies. The d)8rity has no siunificant concenlration of credit risk. Llquidlly rlsk In order to tnainlain liquidity lo ensure Ih81 5ufticienl lunds are available lor ongoing operations and future developmenls, the charily caps Ihe gianls mad8 to the annual incomÉ frotTr Sls portfolio, after ènsuring sufficiènt reserves are Telained for ils adinii)islralion costs. THE HEINZ, ANNA AND CAROL KROCH FOUNDATION TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Disclosurn of Infomlatlon to audltor Each trustee has taken sleps Ihal they oughl lo have IAken as a Iru8leè in order to make Ihemselves aware of any relevanl audil inlormI feceived all th8 information and explanalions we require for our audit. THE HEINZ, ANNAAND CAROL KROCH FOUNDATION INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE HEINZ, ANNA AND CAROL KROCH FOUNDATION Responsibllilles of trustees As explained mDre fully in th8 s131emenl of Iruslees, responsibilits'es, Ihs trustees ar8 rèsponsible lor the preparation of the financial slalemenls and for being satisfied Ihal they qive 8 true and fair view, 8nd for such inlein81 control as the trustees delèmiine is ne¢essary lo eiiable the prèparation of finai)aal slal&menls Ihal are f￿$ from matefl81 misslalenienl, whelhei due to fiaud or eiror. In pieparing (he financial slalemenls, the Intrsleos are responsible lor assessing Ihe chaiity's ability lo Continue as a goiiig conc8in, disclosing, as applicable. malle¥s Telaled lo going concern and using the going Con￿rn basis ol accounting unless the truslees eilher intend lo cease operations. or have no re21islic allernalive bul lo do so. Audltorfs rèsponslbllltlès for thÈ audit of thè flnanclal statèmènts We htive been ¢ippoinled as audilor under section 145 ol Ihe Chaiilies Acl 2011 and report in aceordan¢e with Ihe Act and relevant iegulalions made or having elfecl Ihereunder. Our obje¢lives are lo obtain reasonable assuran￿ aboul whether the [￿anCIal alalemenls as a whole afe free from maler131 niisslalemeiit, whelher due lo fraud or error. ai)d to issue an audilorfs report Ihal incliides our opinion. Reasonable assurance is a high level ol assurance but is not a guaranlee that an audit conducted in accordance with ISAS IUKI will always detecl a nialerial misstatei)ienl when il exisls. Misslalemenls can arise from fraud or error and are considered material if. individually or in the agyregt]le. they could re3sonéibly be expected lo iiifluence the economic decisions of users taken on the basls of these financial slalemenls. Iiregularilies. induding fraud. are instances of non-compliance with laws and regulations. We design procedures in line wilh OUT responsibililies, outlined above. lo detecl Inalerial misslalemenls in respect of irregularities. including fraud. The extent lo which our proeedures are eapable of delecting irregularities, incltjding fraud, is detailed below. the engagement patlner ensured that the engagement team colleclively had the appropriate competence. capabilities and skills lo idenlily or recognise non-eomplianee with applicable laws and regulalions.. wo idonlified the laws and règulations applicable to Ihe Irusl through discLÈssions with directors and other management, and from our comn)erclal knowledge and experlgn¢e of the Charities se¢lor,' we focusod on spcoific laws and rcgulalions which wo considoiod may have a direct rnalorial otfcol ork the financial slatements or Ihe operations of the Irusl, including the Companies Act 2006, laxalion legislation and data protection, anli-bribery, einploymenl, enwronmental, and heallh and safety legislation.. we assessed Ihe exlent of comp5iance wilh Ihe laws and regulations idenlified above through making enqulrfes ol managemenl and Inspedlng leg21 ¢orresponden¢e'. and idenlifiod laws and iegulalions wore oommunicalod within Ihe audit team regulady and Ihe team retnained aleil lo instances of non-compliance throughout the audit. We assessed the suseeplibility of Ihe liust's financial stateinents lo material misslatement, including obtaining an underslanding ol how Iraud I￿ight occur, by: making enquiries of Inanau6menl as lo where they consldered Ihere was sus¢epllbllity lo fraud, Ihelf knowledgo of actual, suspected and alleged fraud,. and considering Ihe inleinal ¢x)nliols in pla￿ lo mitigate risks of fraud and non-compliance with laws and regulations. To address Ihe risk ol fraud through management bias and override of controls. we.. performed analytical procedures lo idenlify any unusual or unexpected ielalionships. test￿ journal enliies to identify unusual Iiaiisaclioiis.. assessed whether judggmenls aT)d assumptions made in delermining Ihe accounting estirnales were indicative ol polenlial bias., and invesligaled Ihe rationale behind significanl or unusual transactions THE HEINZ, ANNA AND CAROL KROCH FOUNDATION INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE HEINZ, ANNA AND CAROL KROCH FOUNDATION In response lo IhÈ risk of iiregulaTtlies and non-compliance w71h laws and regulations, we designed procedures which included. bul were not limited lo.. agieaing financial statement disclosurès to undèrlying supporting docuinenlalion,. readlng Ihe minutes of meetings of those charges with governance enquiring ol Imanagemenl as lo actual and potential liligalion and daims.. and reviewing coriespondence wilh HMRC, A further descriplion of our responsibilities is available on the Financial Reporting Council's website al= hllps'.11 www.frc.org.uklaudilorsresponsibilities. This descriplion forms part of our auditor's report. Use of our report This report is rnade solely to the charity's Irustees. as a body, in accordance with part 4 of the Charities (Accounis and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charily's trustees those malters we are ¥equired lo slate lo Ihem in an dudilor's report and for no olher purpose. To the lullesl extent pemiilled by law, we do rlol accept or assuffte responsibilily lo anyone other than the charity and Ihe ohartty's Iruslees as a body, for our audit work, loi this report, or for the opinions w¢ have foifflod. Xeinadsn Audit LÉmited 13/01/3014 Stalulory Auditor Riverside House. Kings Reach Buslness Park Yow Street Stockport Cheshire United Kingdom SK4 2HD X8inadin Audit Limitèd is ÈligiblÈ lor appoinlmenl as audilor of Ihe charily by virtue of its eligibility for appoinlment as audiior of 8 company under sètlit)n 1212 01 thè Companies A¢1 2006. THE HEINZ, ANNAAND CAROL KROCH FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted funds 2024 Uiire8trlcted funds 2023 Notes Income from.. Inveslmonls 196,089 191,950 Charilable activities 208.619 177.536 Nel gainslllossesl on inveslmenls 597.Q63 (259,4201 Net incomellexpenditurel and movement in funds 584.533 {245,0061 Réconclllatlon of funds: Fund balances al 1 April 2023 6,759.754 7,004,760 Furid balar)ces at 31 Maych 2024 7,344.267 6.759,754 The slalemenl of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from ¢onlinuing aclivilies. The notes on pages 12 10 18 form part of these financial slalemenls. 10- THE HEINZ, ANNAAND CAROL KROCH FOUNDATION BALANCE SHEET AS AT31 MARCH 2024 2024 2023 Notes Fixed assets Inveslments io 7.193,138 6,596.075 Current assets Cash at bank and in hand 155.753 168,319 Creditors.- amounts falllng due wllhl one year 11 14,6041 14,6401 Nel current assels 151.149 163,679 Total assets less current Ilabilities 7,344,287 6.759.754 Incom8 funds Unreslricled funds 7,344,287 6,759.754 7.344.287 6,759,754 The notes on pages 12 10 18 form part of these financial slalemenls. Thé fin8nci81 statèments were approved by the Trustees on 18 July 2024 D Lang Trustee C Rushbiook Trustee 11 THE HEINZ, ANNAAND CAROL KROCH FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies Charlty Informatlon The Heinz. Anna ar)d CaFoI Kroch FoundalKin is an unincorporated charity. 1.1 Accountlng conventlon The financial slalenienls have been prepared in accordance with Ihe cl7arily's trust de￿. the Charities Acl 2011. FRS 102 "The Financial Reporting Standard applicable in the UK and Repvblie of Ireland" I"FRS 102,1 and the Charities SORP "Accounting and Reporting by Chaiilies.. Slalemenl of Recommended Practice 8pplicable lo charities preparii)g thelr aceounls in 8ccordance with the Financial Reporting Standard applicablÈ in thè UK 2nd Republic of Iieland (FRS 102)" leffeclive 1 January 20151. The charily is a Public Benefii Enlily as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charilies not to prepare a Statemen( of Cash Flows. The fiiiancial slalemenls have dep8rted from the Charities (Accounts and Reports) Regulations 2008 only lo the extent requirecl lo provide a Ifue and fair view. This departure has involved following Ihe Slatemenl ol R9e￿MM￿nded Practice for charities applyiiig FRS 102 rather Ihan Ihe version ol the Statement of Recommended PracAice which is releried lo in the Regulations bul which has sinc6 been wilhdrawn. The financial slalemenls are prepared in sleding, whi¢h is Ihts funcllonal cuirency ol Ihe charity. Monetary amoun15 in those financial stalernenls ale rounded lo tho nearest £. The financial stalemeiits have been PTepared under the historical cost convention. unless othewise staled in the Yelev3nl accounting policy notes. The principal accounting policies adopted are sel oul below. .2 Golng concern The Iruslees consider Ihal there are no Inaterial uncertainties about the eharily's abi1Sly lo ¢onlinE5e as a going coneern. 1.3 Charltable funds Unreslficled funds are available for use at the discretion of Ihe IrL¥Stees in fLJrtherance o( Iheir chaiiiable objectives. 1.4 Incoine Voluntary incoine induding donaliojis, gifts, legacies and grants Ihal provide core lunding or are 012 gen￿al nalijre is recognised when Ihe charily has enlillement to the income. il is probable Ihal the income will be recebved and Ihe arnount can be measured wilh surficient ¥eliability. Cash donations are recognised on receipt. Other donalions are recognised once the charity has been ftolified of the donalion, tjnless performance eondilions require deferral of Iha amoLJnl. Incomé tax rècov&rabls in relalion to donations received under Gift Aid or deeds of covenant is r6cogniséd at thé timÈ tsf Ihé donation. Legacies are recognised on receipt or otherwse if Ihe charily has been notified of sn impènding dislribulion, the amount is known, and receipt is expecied. 11 the amount is not known. the legacy Is Irealed as a cunlingenl asset. Interest on funds held on deposil Is Ineluderl when recelvAblè and the amounl Can be measured reliably by the charity.. this is normally upon iiolificalion of the interest paid or payable by Ihe bank. Dividends are iecognised once Ihe dividend has been declared and notification has been received ol the dividend due. 12- THE HEINZ, ANNAAND CAROL KROCH FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcles Icontlnuedl 1.5 Expendlture Expendilure is re¢ognised onee therè is 8 lègal or conslructive obligation lo IransfÈr éeonomic benelil lo third party. il Is probable that a Iran$fer ol economic benefits will be required in selllemenl, and the amount of the obligation can be measured reliably. Expendllure is da$s￿led by activity. The costs of each aclivity are made up ol the loial of direct cosls and Shared costs, including 5UPPOrt CQs18 involved in undertaking each aclivily. DireGt cos15 alliibulable to a sii)gle aclivily are allocated direGlly lo that aclimty. Shared costs which conliibule lo tllore than one 8Ctivily and support cosls which are not atlribulable lo a single aclivily are apportioned between those aclivilie5 on a basis consislenl with the tjse ol resotjrces. Cenlral staff cosls are allocaled on Ihe basis of lime spent, and depreciation charges are allocated on the portion of Ihe asset's use. Raising funds These are costs incurréd in allraeling voluntary incom6, tha managèmènt of investments and those incurred in trading activtlies Ihal raise funds. Grant provisions Provisions for grants are made when the intention lo make a granl has been i*)mmtJnkaled lo the iecipienl but there is unceriainty about either the timing of Ihe grant or Ihe amount of grant payable. Support costs Support eosls include c6nlral functions and have been allocated to activity cost categories on a basis eonsislÈnl with thé usé of resources, for examplè, alfor2ting property costs by floor areas. or per capila. staff costs by the lime spent and olher costs by Ihelr usago. Govemance costs These include the costs allribulable lo the charity's compliallce with conslilulional and slalulory ￿Ql)IremenIs, including audil, strate9io manageinenl and Iiustee's meelings and reimbursed expenses. 1.6 Tangible flxèd assets Tangible fixed assets are ir)ilially measured al cosl and subsequently measured al cosl or valuation, net of depreciatioi) and any impairmenl losses. Depre¢iallon Is fecognised sr) as lo write off the cost or valuation of assets less Iheii iesidual values over their useful lives the following ba3es- 1.7 Flxed asset inve5tm&nts Fixed asgel inveslmenls, other than programme related inveslmenls. are incliided al maTkel value al the balancè sheet dale. Re81isèd q2ins and losses on investments are calculated as the differen￿ between sales proceeds and Iheir market valug al the slarl ol Ihe year. or their subsequenl cosl. and are charged or cfediled lo Ihe Slalen)ent of Fiiianctal Activities in the period of disposal. Unrealised gains and losses represenl the movemenl in market values during the year and arè erediléd tsr charged lo the Slalemenl of Financial Activilies based on Ihe market value al the year end. 1.8 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held al call wilh banks, other short.leim liquid investments with original malurilies of three months or1ess. aiid bank overdrafts. Bank overdiafts are shown within borrowings in current liabililies. 13- THE HEINZ, ANNAAND CAROL KROCH FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policles Icontinuedl 1.9 Taxatlon The charily is cor)sidered to pass the lests sel out in Paragraph 1 Schedule 6 of Ihe Finance Act 2010 and therefore it meets the definition of a charitable enlily for UK corporation lax purposes. Accordingly. the chaiity is potentially exempl from laxalion in respect ol income or capital gains re￿iVed within ealegories covered by Cliapter 3 Part 11 of the Corporallon Tax Act 2010 or Seclion 256 of Ihe Taxation of Chargeable Gains Act 1992, to the eytenl that 5udTr inGome or gains are applied exdu5ively lo Gharilable purposes. 1.10 RetirÈmer7t benefits The chaiily operates a defined conlribulion ￿nsIon scheme which is a pension plan under whl¢h fixed conlfibylions are paid into a pension fund and the charily has no legal 01 con51ruclive obligation lo pay further nlfibulions evon il the lund does not hold sufficicnl assols lo pay all employees Ihe benefits relaling lo employee service in Ihe cu¥renl and prior periods. Contributions lo defined contribulion plans are recognised in the Stalement ol Financial Aelivities when Ihey are due. 11 eontribtjlion payments exceed lh8 contribution due lor se*vice, the excess is recognised as a prepayment. Income from investments Unrestrlcted Unrestrleted funds funds 2024 2023 Dividénd r8téivablè Ifom olh8r lis18d inv8slmenls Int¢resl re¢eivable 191,793 4,296 191.793 157 1Qe.OB9 191.950 Graiits payable Grants of £169,85012023'. £144.7281 were awarded during the year. £1,533 {2023.' £1,594) of grants awarded were nol taken up. Total grants paid of £168.317 12023.. £143,134) induded giants lo inslituliolls lolalling £24,087 12023'.£12,740). which comprised £10,000 lo Sallord Foundation, £9,000 lo Salford Survivor Project and £5.087 to Helping Disabilities. Total grants paid to individuals lolalled £145,76312()23= £130,394). 14- rW)rr V (F) V)- Ix m (YJ U) (O c(0￿0# yi I THE HEINZ, ANNAAND CAROL KROCH FOUNDATION NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 AudIt0￿S remuneratlon Fees payable to the chaiily's auditor and associatés.. 2024 2023 For audlt servlces Audit olthe financial slateinenls of the ¢haiily 3,90C) 3.668 Foy other seNlces All olher non-audil se￿iceS 3,240 3.204 Trust•8s Two Iruslees have been reimbursed for Iravel eypens6s from the charity during Ihe year lolalling £625 {2023'. £nill. Employees The aveT8ge monthly numbér of èmployees during the y6ar was.. 2024 Nuimber 2023 Nuinber Employmènt eostg 2024 2023 Wages and salariÉs Other penslon co￿$ 26,360 5,442 24.694 5,442 31,802 30,136 There were no employees whose annual remuneialion was rnore than £60,000. Taxatlon The charity is a registered charity and is Iherefoie exempl from laxalion. 18- THE HEINZ, ANNAAND CAROL KROCH FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Tangible fixèd assets Offi¢é pqulpmerbt Cost Al 1 Aprsl 2023 4,131 Al 31 March 2024 4,131 Dèprcciatlon and impaÉYmènt At l April 2023 4,131 Al 31 March 2024 4,131 Carrying amoLEllt 10 Fixed asset investments Llstsd Investments Cost or valuation Al 1 April 2023 Valuation d)Énges 6,596.075 597.063 Al 31 March 2024 7,193,138 Carrying amount Al 31 March 2024 7,193,138 Al 31 March 2023 6,596,075 11 Creditors: amounts falling duÈ wlthln oilè yèar 2024 2023 Olliei laxalion and social security Accruals and deferted incom8 1,034 3,571 1.103 3.537 4,605 4,640 12 Rotiremont benefit schemes Defined contrihutioi) schemes The charity operates a defined contribution pension scheme. The pension cost charge foT the year represenls contributions payable by the charity lo the scheme and ainounled to £5.44212023. £5,442). 17 THE HEINZ, ANNA AND CAROL KROCH FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 13 Unreslrlcted funds The unrestricted funds ol Ihe charity comprise the unexpended balances ol donations and grants which are not subject lo specifie condilions by donors and granlors as lo l)Dw they may be used. These include designaled funds which have been sel aside out ol unrestricted funds by Ihe Iruslees for specific purposes. At 1 April 2023 Incoming resources RÈ50urces èxpènded Galns and At 31 March lossés 2024 Genoral funds 6.759,754 196,089 1208,8191 s97,[￿3 7,344.287 Previous yèar,. At 1 April 2022 Incoming resources Resources expended Galns and At 31 March losses 2023 General funds 7.004,78 191.950 1177.5361 {259.4201 6,759,754 14 Analysls of iiét assets betsveen funds Unrèst¥lcted Unrèst¥icted fund$ funds 2024 2023 Fund balances al 31 March 2024 are represented by.. Investments Cuirenl asselsl{liabililios1 7,193,138 8,596.075 151,149 163.679 7,344,287 6,759,754 15 Related party trar)sactions Transactions wlth related partles During ihe year the Charity enteTed into the following Iransaolions wilh related parties.. Mrs B Astle Mrs B Aslle, the foundations admiiiislralor is ilie daught6r in.law of one of the Iluslees Mrs H Aslle. Mrs B Aslle re¢eived salary of £26,380 12023.. £24,693). pension conliibulions of £5,442 12023.. £5,442) and gxpenses of £601 12023.. £nill as adminislralor. The remune¥alion is sel by the board. Al the balancé sheet dale Ihe 8mounl due lo Mrs B Aslle was £nil12023- £nill. 18-