Charlty registration nurnber 21357941 (England and Wale$}
CRH Charitable Trust
Annual report and financial statements
For the year ended 31 March 2025
CRH
Charitcd)le
Trust

CRH CHARITABLE TRUST
LEGALAND ADMINISTRATIVE INFORMATION
Truste&s
Mr P M Stafford
Mrs D M Colquhoun
Mr H J J Rylands
Mrs A Falk
Dr D Hyland
Mr S Devlin
Sècretary
Mrs E Wilkler
Chadty number
213579-R
Registered offlce
F114. Bollon Arena
Arena Approach
Horwich
Bollon
BL6 6LB
Auditor
DJH Audit Limited
Bridge House
Ashley Road
Hale
Alirincham
WA14 2UT
Bank•rs
Bardays Bank PIC
Leicester
LE87 2BB
Solicitors
Land Law LLP
11>14 Market Street
Allrincham
WA14 1QB
Investrnent Managers
Sar8sin & Partners
Juxon House
100 St Paul's Churchyard
London
EC4M 8BU
CCLA Fund Managers
Senator House
85 Queen Victoria Slreel
London
EC4V 4ET

CRH Charitable Trust
Contents
Page
Trustees, report
Statement of TnJstees' responsibilities
Ind&p8ndent auditorfs report
Slalemenl of ffinanual actNilies
10
Balance sheet
Note5 to the linancial slatements
12-21

CRH Charitable Trust
Trustees. Report
For the year ended 31 March 2025
Trust8es' report
The trustetrs present their annual report and finana815tatements for the year ended 31 March 2025.
Obleclive5 and a¢tlvltles
The charity was originally sel up in 1842 by an Act of Padiam8nl to operate a hospital addressing mentsl health
illnesses. In Ilue course. the charity became known as Cheadle Royal Hospital.
In 1994 the charity s(￿d the assets and undertaking relating lo the operation of Cheadle Royal Hospital whilst having
also entered into an agreement for the development. into Cheadle Royal Business Park, of ils 5urrotsnding land.
Thereafter, Ihe charity retained all ils irwme arising until a new scheme for thè charily, which was renamed CRH
Charitable TTU5t. ￿ceiVed the assent of Padiament on 9th April 2006. The charity was then able lo apply its income
in accordance with new objects prescribed in ihe scheme. The objects under this scheme are..
il to relieve persons who are sick. convalescent, disabled. handicapped or infirm and, in particular, but not
exclusively. such persons who are suffering from mental illness in any of its fornis; and
ill lo promote or assist in the promobon of research into the alleviation or rJJre of mental illnèss in any of ils fomis.
The trustees confim thal they have referred to the Charity Commission's general guidance on public benefit when
raviewing the charity's aims and objectives and in planning future aclivittes.
Grant making policy
The char*ly's grant making policy has been estsblished to achieve 115 objects for the benefit of the public.
The charity invites online appli￿110n$ at h
1hh￿.lhe¢th¢h0ri
which meet its objectives.
Applicati￿S musl conlain a summary of their prowjsals which are then considered at a quarterly meeling ol the
trustees. As part of the as5e5sment process. gran15 over a minimum Ihreshold will b8 subjecl to a visit and
discussi￿ wth the applunl organisation. Thereafter. a ￿port will be drafted lor cOnS￿eratIon by the trustees.
The trustees are willing lo consider grdnts coverin9 UP to Ihree years, conditional on satisfactory interim progress
reports.
Eligibility lor grants is usually restricted lo applicants who are regislered Char￿e$ with at least a Iwo ye8r history
8nd who have relevant expertise. in order lo ensure Ihal Ihe benefits lo the intended beneficiaries are of a high
qualily. The Iruslees are particularfy keen to encourage new and. hopefully. sustainable vdunleerTrng projects.
The Irustees are mindful, when approvirKJ applications. thal there should be no ¢Jiscrimination in the selection of
intended beneficiaries.
Investment poli¢y
The trustees are authorised lo invesl in such assets as they see fiL Acc(Kdingly. the trustees have established a
policy of prudently managing the Chari￿s investment fijnds by granbng discretionary investment aulhorily lo
external professional fund manage¥s.
In July 2022. the Ifuslees 3ppoinled CCLA ar￿ Sarasin & Partners as joint ITiveslment Managers with
discretionary investment powers to maximise lot81 relums on the trust's investment portfolios with a target of
achiewng returns ol CPI plus 3% over the inveslmenl ¢yde. Tnjstees are advised Ihal Ihis faclors in a levèl of
risk appropriale lo CRH Charilable Trust.

CRH Charitable Trust
Trustees. Report (CONTINUED)
For the year ended 31 March 2025
AchleveMant$ and pgrformance
During the period. grants amounted to £343.070 12024.. £227.1491. This rep￿￿nts 38 grants paid during the
year12024.' 361. Grants ranged from £3.750 10 £38.500 (2024.. from £1.5S) 10 £10.4311 with an average of
£9.028 {2024.' £6.3091.
Beneficiary organis8tions are detailed in note 5. The trustees monitored and reviewed annual reports on the
progress of mulli-year projects for which funding has been madè before approving subsequenl payments.
Across the Nmh West the grants were sp￿ad as f(Alows'.
Donations by geographgic region 2025
Ashtr
Airrincham
Tiaflofd
611kenhe
Byatkt
Ciockpc
Saiftxd
Frerron
801
7%
Ilorihwesc
Ilorth'.West
Chead'.e
Moreca
Che￿1
Mefkn<sde
umbna
4lan£heg
Lancathi
B￿kb￿n 1 6*ktLtTrl • BolCXI
Lawash re • Mar*friea£Y * • l.1oiixatrtE
lic*-.h'.4'&7 b t4c%Ehll'e51 • PrsG

CRH Charitable Trust
Trustees. Report (CONTINUED)
For the year ended 31 March 2025
Flnanclal rovlew
Distributable incom8 during the year was £371.65212024= £313.9581. The increase takes accounl of the full year's
benefit oflhe investment of £3.480.000 being proceeds from Ihe sale of laThJ during the prior ygaT.
There were no gains fmm the sale of land during the year12024: a gain of £3,696,536). In the Endowment Funds.
investment losses amounted £193,803 12024.. a gain of £877.0371 In Ihe Unrestn"cle(l accumulated income fund.
invesltnenl losses amounled to £36,04912024.' a gain of £146.024}.
The prior year gains on the sale of land primarily reflected the land located on St Ann's Road North, Cheadle,
supplemented by a SU￿￿5 on the sale of a lÈasehok1 propety asset.
Expenditure in the year amounted to £410.137 {2024= £265.789). Grants amounted lo £343,070 12024..
£227,149). The deficit ol investsmenl income over expenditijre during the year amounted lo £25.24712024.' a gain
of £56,260).
Gains/losses 2025
5yearsiimmary income and
gfanls exlended
4.LYJO.LKO
3,(X)O,(
400.￿0
0.￿0
a)0.￿0
I,(x)o,(
ioo.wo
2U2J
2([22
21P24
2025
.I,CKO.WO
2021
2022
2￿23
2020
•PropMygrtins
Crat45paid
Total lunds al year-end decreased from £13.817.539 to £13.562.440.
RoseThe$ Pollcy
The trustees have established a prudenl policy of managing the Charity's reserves in the context of their
investment policy. The trustees plan to ¢Jislribut8. each year. approximately 3% of the charity's furhds less
expenses, with the aim, over the investmenl ¢yde. of preseThing the real value of the charity's investment funds.
taking inllation into account. The Irustees recognise that investmenl retums will fluctuate and so maintain
unrestricied reserves as a buffer which allows for the chartws long temi distribution policy to be mainlained.
The Imstees retain the discretion to increase or decrease the level of distributK)ns (directly impacting the level of
reseNesl lo take into account their ￿VIeW ol applications received.
The smaller Permanent endowment fund was set up al the direction of the charity comrnissioneis. Income from
this fund is required lo be accumulated in the fund.

CRH Charitable Trust
Truslees. Report (CONTINUED)
For the year ended 31 March 2025
Structure, govomance and management
The charity is a registered charity covered by a scheme Sea￿ by the charity coMmiss￿nerS on 26 March 2006 and
given effect by an order of the Secretsry of State on 9 April 2006. The scheTne altereLI the exisling administration of
Ihe charity under which il was gov&rned by regulations updated on 17 March 1950.
Under the 2006 Scheme. 8 nominated truslee must be apw)inted by the President of the Royal College of
Psychiatrists and five co-opted trustees musl be appointed al a meeting of the tmstees. The appointment of the
nominated Iruslee is for a period of four years aTh5 the ap￿l￿t￿ent Co-opted trustees is fora period of five years.
The Iwstees manage the day lo day operations of the ¢J)arity. The charity (knes nol employ any staff dirèctly bul
does utilise the services of {il a Secretary & adminislrator emFdoyed by Beyond Profit Lld and. {iil, a grounds
maintenance manager.
All trustees give of their lime freety and no trustee remuneralion or expenses were paid in the year. The trustees
met six times during the yea¥. The trustees who served duriro the year and up to the date of signature of the
finanaal statements were=
Mr P M Stafford
Mrs D M Colquhoun
Mr H J J Rylands
Mrs A Falk
Dr D Hyland
Mr S De￿in
IAppoir)ted until the 2025 AGM)
IAppy)inled unbl 03 Jul 20291
IAppoinled 9 July 20291
(Appointed until 01 July 20261
IAppoinled until the 2025 AGMI
{Appoinled unbl 04 July 20271
Biographies ol trustees are Set oul below=
Peter Stafford - Chalrman
Prior to being appointed as a trustee. Peler h8d p￿viOUSlY served as a tnjslee of RathbO￿ Training for 9 years. He
is a chartered accountant retiring as a partner and parthership board MeM￿r of Deloitte.
Dlana Colquhoun
Diana is a lawyer spec*alising in commercial piopety Iransactions. She was a partner al Addleshaws in Manchester
for many years and a consultsnl al Land Law LLP. Before joining the Iruslees at CRH she was a governor at
Withington Girts School, and later a truslee at the David Lewis Centre, a5 well as hawng interesls in a n￿mber of
businesswomen's groups.
John Rylands
Prior to being appointed 8$ 8 trustee. John had served as Irusteo and lead treasurtrr al Together Trust and as a
trustee al Manchester Outward Bound Association. Following a self*mploye(I career in corporate finance, John
presently pursues a number of avic and private c(Knmer(yal interests.
Amanda Falk
Prior lo retiring in August 2020, Arnanda was a soliutor advising on trusts. tax and estates {using her rnai(len name.
Freernanl. This included 10 years a5 head ol the privale client department of Myerson Soli¢itors LLP. She also
Sgrved as a director of Trafford ShoprwM)bility for 10 years. She now erbjoys a number of hobbies.
Dèclan Hyland
Declan is Ihe nominated Iruslee apwinted by the President of the Royal College of Psychialrisls. Oeclan is a
Consultant in general adult p5y¢hiatry working in the North West region. He ha5 been a Consultant since August
2016. His currenl Iruslee roie with the CRH Chariiable Trust is hi5 first role as a trustee and one he is really
enjoying.
Stephen Devlin
Stephen is a retired corporale18wyer (having specialised in capital market transaction51 and now sits as a Depuly
Districl Judge (Civill on the Northern Circuil. He has recently retired as Chair of Trvslees of the David Lewis Centre
having been a trustee there for 9 years.

CRH Charitable Trust
Trustees. Report {CONTINUED)
For the year ended 31 March 2025
Risk management
11 is the policy of the CRH Charitable Trust lo identify aThJ proaclively manage rt5ks. The charity will in general be
risk neutra1 in ils decision making. bul may accept higher risks where Ihwr impact is within the charity's stsled risk
appetite and where there are clear strategies in place lo miligate and monilor the risk being faced.
The fcAlowing key principles outline the charity's approach to risk m8n8gement and intemal control..
The board of trustees has responsibility for ovefseeing risk management within the charity 8$ a whole.
An open and receptive approach to so5ving risk problems is adopted by th& bDard of Irusle8S.
The Secretary supports. advises and 1ml￿ements policies approved by Ihe board of trustees.
The charity makes conservative and prudent rec(vJnition and disdosure of the financial and non-financial
implications of risks.
Key risk indicators will be identified arKI monitored on a regular basi8 as refined in Ihe risk management
timeiable.
Induction and training of trustees
An induction pack is made availat￿e lo new truslees which includes a copy of the goveming document, a summary
of the ¢harity's objectives. a copy of the Charity CommissM)n's guide on the duties of a Irustee and the mosl recent
finanual statements.
Auditors
The charity appointed as aLvJitors duriThJ the year DJH Audit Limited. previously known as DJH Mitten Clarke Audit
Limited.
Th
rustees. roport was approved by the Board of Trustees.
Mr P M Slafford
Trust
Date..
irf fJ I￿XI-

CRH Charitable Trust
statement of Trustees. reponsibilities
For the year ended 31 March 2025
The Iruslees are responsible for preparlng the Trustees. Report and the financial ststements in accordance with
applicable law and United Kingdom Accounting Standards Iuniled lfjngdom Generally Accepted Ac¢ounting
Practice).
The law applicable to ch8rities in England and Wales requires the trustee5 to prepare financial statements for each
finanaal year which give a true and fair view of the state of affairs of the L*arity and of the incoming resources and
application ol resources of the charity for that year.
In preparing these financial statements. the Iruslees are required to=
select suitable accounting policies and then aprAy them con51slenty:
obsefve the methods and prinuples in Ihe Charitses SORP;
make Judgements and estimates thal are reasonalAe and pnjdent..
stat& whether applicable accounting standards have been folkmed. subject to any matefial departures
disclosed and explained in the financial slalements.. and
prepare the financial statements th8 g(Mng concem basis unless il is inappropriato to presum& that the
charity wll continue in operation.
The trustees are responsible for keeping sufficient accounting records that disdose wlh reasonable accuracy at any
time the financial position of the charity and enable them to ensure that the financial slatemenls comply with the
Charities Act 2011. the Charity IAccounts and Reports) Regulations 2008 ané the provisions of the trust deed. They
are also responsible for safeguarding Ihe assets of Ihe charity and h￿ce for taking teasonable steps for the
prevention and d8toction of fraud and olher irregularities.

CRH CHARITABLE TRUST
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF CRH CHARITABLE TRUST
Oplnlon
We have audited the financial stalements of CRH Charitsble Trust {Ihe 'chariWI fly the year ended 31 March 2025
which cornpri5e the stslement of financial aclivilies, the balance sheet and notes lo the financial statements,
including significant accoijnling policies. The financi81 ￿pOrting framewoTk that h8$ been applied in their preparation
is applicable law and United King(k)m Accounbng Standards. including Finan(ial Reporting Standard 102 The
Financial Reporting Standard applicable in the UK and Republic ol lTrland Iunited Kingdom Generally AC￿pted
Accounting Practice).
In our opinion, the financial statements=
give a true and fair view of the slal8 of th8 charity's affair5 as at 31 March 2025 and of ils incoining resources
and application of resources. for the year then ended..
have been propedy prepared in accordance with Uniied Kingdom Gerwalty Ampted Accounting Practice.
and
havo begn prepared in accordance with Ihe ChariliesAct 2011.
Basi5 for opinion
We conducted our audit in accordan￿ with Intemational Slandards on Audibng IUKI (ISAS IUKII and applicable
law. Our responsibilities under those slandards are lurther described in the AuditoRs ￿SpOnsIbl11t1eS for Ihe audit ol
the financial slat8m8nls section of our report. We are independent of the charity in accordance with the elhie31
requirements that are relevant lo our audit of the financial statements in the UK. induding the FRC'S Ethic81
Standard. and we have fulfilled our other ethical responsibilities ir) acc¢Ndanc$ with these requirements. We believe
that the audil evidence we have obtained is sufficient and appropriate to Kxovi¢Je a basis for our opinion.
Con¢luslons relating to golng conc•rn
In auditing the financial stalemenls, we have o)ncluded that the Trusiees. use of Ihe going corlcern basis of
accounting In the preparation of the financial slalements is appropriate.
88sed on the work we have perfomièd. we have not identified any material un￿rtainli&S relating to events or
conditions thal, individu8lly or collectively. may cast sign5fi¢ant doubl on Ihe charl￿$ ability to continue as a going
concern for a period of at least hvelve months from when the financial statements are authorised for issue.
Our responsibilities and the resrx)nsibilities of the trustees with re5￿t lo going concem are described in thg
relevant sections of this report.
Other Information
The other information comprises the information induded in the annual report other than the financial slelements
and our auditor's report thereon. The Iruslees are ￿$[M)nSIble for the other infomialion contained within the annual
report. Our opinion on the financial stalefftents d￿S not cover the other infrmiation and we do not express any form
of assurance conclusion thereon. Our responsibility is lo rea¢J the other information and, in doing so, Consider
whether the other information is wnalerially inconsistent with the financial slatements or our know18dge obtained in
the course of the audit, or olheMise appears lo be materially misstaled. If we identify such material inconsistencies
or apparent material mi5Stalemenis, we are ￿qUired lo delemiine whether this gives rise to a material missialemenl
in the financial statements themselves. If, based on the work we have perforrne(l. we conclude that thwe is a
material misstaternenl ol this other infom)ation, we are require(I to report that fact.
We have nolhing to ￿port in this regard.

CRH CHARITABLE TRUST
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF CRH CHARITABLE TRUST
Matters on which we are requlrad to report by ex¢optlon
We have nothing to report in respect of Ihe I￿lO￿ng maliers in relation lo which the Charities {Accounts and
Reports) Regulations 2008 require5 US to rewrt to you if. in cmjr opinion..
the information given in the finan¢ial statements is In￿)nsiStent in any malerial respect the Trustees,
report.. or
sufficient accounting records have not been kepL OT
lh8 financial slalemen15 arg nol in agreement with the accounting ￿(￿Jrd$', OT
we have not received all the information and explanations we require for our audit.
Responslbllltles of trustses
As explained more fully in the statement of Trustees. resw)nsibililies. the tru51ees are responsible for the
preparatim of the financial statements and for being satisfied that they give a true and fair vsew, and foT such
internal control as the twstees determine is n￿eSSary lo enable the preparation of financial stalements that are free
from material misstalement. whether due to fraud or error. In preparing the ffinan¢ial statements, the trustees are
responsible for assessing the charity's ability lo continue as a going ￿nCeM. disdosing. as applicable, matters
related to going concem and using the going con￿r￿ basis of aC￿U￿ting unless the Injstees either intènd to ceas
operalions, or have no realistic allemabve bul to do so.
Audltorfs responslbllltl8s for the audlt of tho Ilnancial statements
We have been appointed 8$ auditor under section 145 of the Charilies Acl 2011 and rewrt in accordance with the
Act and relevant regulations made or having effect thereunder.
Our objecbves are lo obtain ￿3$Onable assurance about whelher Ihe financial stalefnents as a whole are free from
material misslatemenl, whelher due to fraud or error. and lo issue an audilorfs report thal includes our opinion.
Reasonable assurance is a high level of 8ssurance but is rtot a guarantee that an audil conducted in accordance
with ISAS IUKI will always detect a material misstatement when il exists. Mi5ststements can arise from fraud OT
error and are considered material rf, irKlivi(lually or in the aggregate, they could ￿asonablY be expected to influence
the economic decisions of users taken on the basis of these finaw81 statements.
Irregularities, including fraud. are Instar￿$S of non-com￿lance with laws and rtrgulations. We design PTo¢edures in
line ¥Mth our responsibilities. oudined above. to detect material wviis518lemenls in respect of irregularities, including
fraud. The extent to which our procedures are capable of delecling irregularities. including fraud, is detsiled below.
Our approach lo identifying and assessing the risks of material misstalernenl in respecl of irregularities, Including
fr8ud and non-compliance wilh laws and regulations. was as follows=
Ihe engagement partner ensured Ihal the engagement tearn collectlvely had the appropriate competence,
capabilitie5 and skills to identify or recognise nonwpliance with apFdicable laws and regulations.,
we identified thè laws and regulations applicable lo the charity through discussions with the trustees, and
from our previous knowledge 8nd experience of the charty;
we assessed Ihe extent of compliance with the laws ar￿ regulations idenljfied through making ènouiries of
management and inspecting any available legal corresw)dence- and
we focused on specific laws and regulation which we consider may have a direct material effect on thfj
financial Stalemenls, indudÉng legislation 5u¢h 8$ the Charity Act 2011 and the SlatetTrent ol recommended
pra¢li¢e applicable lo Charities preparing their accounts in a¢¢oidance with Financial Reporting Standards
8ppli¢able to the United KIn￿10M and Republic of Ireland IFRS 102).
We assessed the susceptibility of the charities finanual statements lo material misststem8nt. induding obtsining an
unéerstandin9 01 how fraud mtghl occur, by=
making enquiries of Trustees as lo where they considered there was susceptibility to fraud, their knowledge
ol actual. suspected and alleged fraud.. and
considering the Inlemal controls in pla￿ to mibgate risks of fraud t￿n-Compliance wilh laws and
regulations.

CRH CHARITABLE TRUST
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF CRH CHARITABLE TRUST
To a(1￿￿$$ the risk ol fraud through management bias and override of controls, we..
performed analytical prcKedures to i(Jenlify any unusual or unexpected relationships..
tested journal entries lo i¢Jenlrfy unusual transactions.,
assessed whether judgements and assumptions ma(le in detemiining a(xx)unling estsm8tes were
indkcative of potential bias.,
investigaled the rationale behind significant or unusual transaclion5- and
rfomied walkthrough lests on major Iransaction cy¢les.
In response to the fisk of irregularities arKI non-compliance with laws and regu18tiu)s, we designed procedures
which included. bul were not limited to..
enquiry of those Charged with govemance around aclual and w)tential litigation and daims.
enquiry of Iru51ees lo identify any instances of n¢M-compliance th laws and iegulations.
agreeing Financial Stalement dlsd0su￿S to underlying supporting documents.
reviewing leg81 and professional fees incuired during Ihe year lo identify any polential indications of non-
cornpliaftce with laws and regulati￿$.
review of board meeting rninules
Despite appropriate planning and performing our work in accordan￿ with International Audiling Standards, there
are ahvays inherent limitalions that non-compliance is not delecled. Non compliance with laws and regulations is
often further removed from the events and transactions reflected in the financial slalemenls and material
misslalernents due to fraud can be deliberately concealed from audi1c￿s. for exafflple through misroprosenlalion,
forgery or ¢ollusion.
M8terial misstatements that arise due lo fraud can be harder to detect Ihan those that arise from error as they may
involve deliberate concealment or collusion.
A furth8r d&scriplion of our reswnsibilities is avail￿le on the Financial Reporting Council's wèbsite at". http5'.11
ww.Irc.org.uklaudilorsresponsibilities. This dv6cripbon fomis part of our audilorfs report.
usa of our ieport
This report is mado solely lo the charity's trustees. as a tr￿y, in accordan￿ with Part 4 of the Charities (Accounts
and Reports) Regulations 2008. Our audit work has been undertaken so that we might stale to the ch81ity's Iruslees
those mallers we are required lo slate to them in an auditor's report and lor olheT purpose. To the lullesl exlenl
permitted by law, we do not accept or assume resw)nsibility to anyone other than the charity and the charity's
trustees as a body. for our au¢Jil work, for this report. or lor the opinions we have fomied.
Joanne B¢amlsh ACA FCCA {Seni¢r Statutory Auditor)
for and on behalf of DJH Audlt Llmited
Awl,L
OLIO? Izols
Accountants
Slatulory Auditor
idgo House
Ashley Road
Hale
Alth'ncham
WA14 2UT
DJH Audit Limited is eligible for app(Mntment as audilor of the charity by ¥i￿e of its eligibility for appointment as
auditor ol a company under section 1212 of the Companies Act 2006.

CRH Charitable Trust
Statement of financial activities
For the year ended 31 March 2025
Unrestricted Endowrnent
fund5
funds
2025
2025
Total Unrgstrlcted Endowment
funds
fund5
2024
2024
Total
2025
2024
Notes
Incoma from
Investmenis
Olhei income
358.323
13.329
5.040
8.198
363.363
21,527
304.813
9.145
4,911
3.180
309,724
12,325
Total income
371.652
13.238
384.890
313.958
8.091
322,049
Expgnditurn on:
Charitab18 aclivilies
Grants payable
Support and
goveman
Lggal and professional
343,070
343.070
227.149
227.149
31,014
36,053
31.014
36.053
33.184
5.456
33.184
5,456
Total expenditure
410,137
410.137
265.789
265,789
Net income & expenditure
before gainslllossesl on
inveslmenls
138.485)
13.238
{25.2471
48.169
8.091
56,260
Net gainslllossesl on
investments
10
{36.049) 1193.803) (229.8521
146.024 4.573.573 4.719,597
Not mov¢mont in
funds
{74.534) 1180.565) 1255.0991
194.193 4.581,664 4,775.857
Roeonciliatlon of funds:
Fund balances al 1 April 2024
2.010,601 11.806.938 13,817.539
1.816.408 7.225.274 9.041,682
Fund balanus at 31 March
2025
1.936.067 11.626.373 13,562,440
2,010.601 11.806.938 13.817,539
The statement of financial activities includes all gains and k)sses recrM3nisgd in the year. All income and expènditure
derive from continuing acb'viiies.
The rKJles on pages 12 to 21 fotm part of these financial swemenls.
10-

CRH Charitable Trust
Balance Sheet
As at 31 March 2025
2025
2024
Notes
Flxgd assèts
Tangible assets
Investments
12
13
Z21.859
13.065,561
221,859
13.280,865
13.287.420
13,502.724
Current assets
Debtors
Cash al bank
14
38,750
275.249
11.584
321.075
313.999
332,659
Creditors: amounts falling due within
one year
15
{38.979)
117,844)
Net current assets
275,020
314.815
Total assetsloss current liabilitles
13.562,440
13,817,539
Endowment funds
General endowment fund
Permanent endowment fund
Revaluation reserve
16
11.274.695
189.930
161.748
11.458,862
186.328
161.748
11.626.373
11.806.938
Incomg fund$
Unrestricted accumulated income fund
1.936.067
2,010,601
Total funds
13,562.440
13,817.539
The notes on pages 12 to 21 form part of these financial statements.
The financial statements were approved by the twstees on .....
Mr
J J Rylands
Trust0&
11

CRH Charitable Trust
Notes to the financial statements
For the year ended 31 March 2025
A¢¢ountlng poll¢l•s
Charity information
CRH Charitable Trusl is a registered charity.
1.1 Accounting convention
The financi81 $tstÈments hav6 been prepared in accordance wth ihe charity's governing slalude, the
Charities Act 2011, FRS 102 'The Financial Reporting Slandard applicable in the UK and Republic of I￿land,
I'FRS 1 D21 and the Charities SORP "Acc(yJnting and Reporting by Charities.. Slalemenl of Recommended
Practice applicable lo charities preparing their accour)ts in accordarKe wilh the Financial Reporting Slandard
applicable in the UK and Republic of Ireland IFRS 102)- (effective 1 January 20191. The ¢harity is a Public
Benefit Ents'ty as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for thariti&s not to prepare a Statement of
Cash Flows.
The finan¢i81 slalements are prepared in stèding. which is the functional currency of the charity. Monetary
amounts in these financial slatements are rounded to Ihe rearesl £.
The financial stslements have been prepa￿ under the historical cost convention. and the principal
accounting poliaes adopted are sèt out below.
1.2 Going concern
At the lime of approving the financial stalements. the truslees have a rea￿nable expectation that the charity
has adequale resources to continue in operational existence for the foreseeable ftjlure. Thus the trustees
continue to adopt the going concem basis of accounting in preparing the financial stslem$nts.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtheran￿ of their charitable
obje¢tlV6S.
En¢*iwmenl funds are subject 10 5pecffic wndilions detailed in the thaiitys ￿￿eMing d¢xument.
1.4 Income
Overall, income is wognised when the charity is legalty entitled to it after any performance conditions have
been mel, the amounts can be measured reliably. and it is probable that income will be received.
Income from investments is recognised when receivable in cash lerms from the investment portfolios.
1.5 Exp8ndltura
Expenditure 15 recognised once there is a legal or Conslrudive oblKJation to transfer economic benefit to a
third party, il is probable that a transfer of economic benefits will be required in Se￿eMent, and the anK)unt of
the obligation can be measured reliably.
1.6 Tan9lbl¥ fixgd assets
Tangible fixed assets are initially measured at cost and subsequenly me8sured 8t cosl or valuation. nel of
depreciation and any impairment losses.
The only assets held by the charity in the year relate lo freehold larhd which is nol dep￿lated.
The gain or loss arising on the disposal of an asset is detemiined as Ihe difference between the sale prO￿edS
and the ¢arrying value of the asset. and is recognised in the statement of financial aclivilies.
Mixed use property is dassified as property. plant and equipment and rneasured using the cost model whe
the lair value of the investment component cannot be measured reliably.
12-

CRH Charitable Trust
Notes lo the financial statements (CONTINUED)
For the year ended 31 March 2025
A¢¢ountlng poll¢l8s
Icontlnuedl
1.7 Fixed asset Investments
Fixed asset investments are initially meaSU￿d at transaction price excludiThJ transaclion costs, and are
subsequenlly measured al fair value at each rerx)rting date. Changes in fair value are recognised in nel
incomellexpenditurel for the year. Transaction costs are expensed as inujrred.
1.8 Impalmient of fixed assets
At each reporl'ng end dale. the charity reviews the carrying amwnts ol its tangible asseis to detemiine
whether there is any indication that those assets have suffered an impaimienl loss. If any such indication
exists, the recoverable amounl of the asset is estimated in order to detemiine ihe extent of the impairment
loss lif 8nyl.
1.9 Cash and cash equivalents
Cash and cash equivalents indude cash in hand. derM)sits held at call wth banks. other short-tem liquid
investrnenls with original malurlties of thres months of less. and bank overdrafts. Bank overdrafts are shown
within borrow1￿S in current liabilities.
1.10 Financial Instrumonts
The charity has elected to apply the provisions ol SeclM)n 11 'Basic Financial Instruments. and Section 12
'Olher Financial Inslrumenls Issues. of FRS 102 to all of its financial instmmenls.
Financial inslruments are rtscognised in Ihe charilys balance sheet when the charity becomes party to th6
contractual provisions of the instrument.
Financial 85seis and liabilities are offset, with the net amounts presented in the financial stalemenls. when
the￿ is a legally enforceable right to set off the recognised amounts and Ihere is an intention to settle on a nel
basi5 ty to realise the asset and settlg the liabilily simultane(wJsly.
Basic finaD¢ial assets
Basic financial assets. which include debtors arHJ cash and bank ba18r￿e$, are initially measured al
Iransa¢lion price including transaction cosls and are subsequently Ca￿led al amortised cost using the effective
interest method unless the arrangement constitutes a financing transa¢lion, where the Iransa¢lion is
measured al the present v81ue of the future receipts disc4)unted at a market rale of interest. Financial assets
classified as receivable wthin one year are not amorb"sed.
Bas1¢ flnancial liabilities
Basic financial li8bililies. induding creditors and bank toans are initially roo￿nised al Irans8dion price unless
the arrangement constilutes a financing transaction. where the debt instrumenl is measLFred at the present
value ol the futurg payments discounted at a markèt rate of inte￿st. Financial liabilities ¢lassified as payable
within one year are not amortised.
Trade creditors are obligalions lo pay for g(K)ds or services that have been acquired in the ordinary course of
operations from suppliers. Amounts payaNe are Classifted as current liabilities if payment is due within one
year or less. If nol. they are presented as non-current liabilities. Trade creditors are recognised initially al
transaction price and subsequently measured at arrnrti￿5 c05t usirrfJ the effective interest method.
Derecognition of financial Ilabilities
Financial liabilities are derecognised when the tharily's contractual obligalions expire or are discharged or
cancelled.
13-

CRH Charitable Trust
Notes lo the financial statements (CONTINUED)
For the year ended 31 March 2025
Crltlcal accountlng estlmates and judgements
In the application of the charity's accounting polirjes, the tru51ees are required lo make judgements, eslifllales
and assumptions aboul the carrying amount of a55ets and liabilities that are not readily apparent ffom other
sourc8s. The estimates and associated assumplioiis are based on historical experience and other f8clors that
are Considered to be relevant. Actual results may differ Irom these estimates.
The estimates and undertying assumpb'ons are reviewed on an onwing basis. Revision5 to a¢¢ounling
estimates are recognised in the peri￿£ in which ihe estimate is revised where the revision affe¢ls only that
period. or in the peri¢xl of the revision and fulure peri(Mls where the revision alfgcts both current and futu
periods.
Classlflcation and measurement of mlx•d-uu propgrty
The charity owns land that is held partly for operalional use and partly to eam profit from its development.
Under FRS 102, where a land is held for both inveslmenl and operab.onal purposes. il is r￿rMallY required to
be split be￿een investmenl property and property. plant and equipment, with the investment portion
measured at fair value and the operational tN)rtion al c05t less depreciation and impairment.
Management has delemiined that the fair valu8 of the investment component of Ihg land cannot be measLJred
reliably. In line with FRS 102, the entity is pem)iited to measure the land al cost less depreciation and
impairment. As a result, the18nd has been dassified as freehold laThJ and buildings and is being measured
using the cost model. M8nagemgnl wll ￿VieW this assessment each ￿porting period to determine whether
the fair value ol the investment comtM)nent tr￿ComeS reliably measurable. See note 12 for further details.
Income trom Investmènts
Unrestri¢ted Endowm¥nt
funds
funds
2025
2025
Total Unrèstrl¢ted Endowm•nt
funds
funds
2024
2024
Total
2025
2024
Income from managed
funds
358.323
5,040
363.363
304.813
4,911
309,724
Other Income
Unrostrlcted Endowment
funds
funds
2025
2025
Totsl Unrestrlcted Endowment
funds
funds
2024
2024
Total
2025
2024
Management fee
rebate
lThlerest ieceived
Other incorne
1,279
11.950
100
8.113
85
9.392
12.035
614
8.531
3.143
37
3.757
8.568
13.329
8.198
21,527
9.145
3.180
12.325
The fund managers charged fees wthin Ihe funds tolallir¥J £127,401 in the year12024.. £72.2721. Periodically,
the I￿veStment managers may rebate a tx)rtion of their fee. This ￿ale is disck)sed as above.
14-

CRH Charitable Trust
Notes to the financial statements (CONTINUED)
For the year ended 31 March 2025
Grants payablo
2025
2024
Grants to institutlOn5'.
Carilas Di0￿Se of Sallord
Bla¢kpool FC ComFnunity Trust
Birchall Tnjsl
Counselling & Family Centre
Cad*sl& Eden Mind
Beacon Counselling
Bolton Adult Autism Sup￿1
Henshaws
LGBT Foundation
Howgill
Manchester CareTS
Open Door
Opportunity Sw)rts
Warrington Youth Zono
A-Z Communit￿$ Indusive
Growing Well - Tebay
Lancashire Mind
Neuro Therapy Centre
Seashell Trust (RS for Deafj
West End Impact
Ashton United in the Communty
Kings Community
Ashton United in Ihe Community
Wallhew House
Bipolar UK
Back on Track
Uphill Ski Club
Arts for Recovery in the Community (ARCI
Freedoni from Torture
Jusllife
Ride2Sucess
SEN Families SuF)POrt Group
South Manchester Down Syndrome Support Grp
SPARC
Wave Forward
BlackbuTn Rovers Community Trust
Shaftesbury Youth Club
Bolton Wanderer5 in the Community
Together Trust
Just Drop In Youth
Starling
WAVE Adventure
Cheshire Young Carers
Jam8s's Place Charity
Rossendale Trust
BIRD
Leigh Community Trust
38,500
19,949
18,200
15,000
14,660
14,400
13.000
11,142
11.000
10.000
10.000
10.000
10,000
7.621
7.500
7,500
7,500
7,500
7.500
7.500
7,253
6.500
6,000
6,000
5.640
5,355
5,100
5.OCIJ
5,0
5,000
5.000
5,000
5,000
5.000
5,1)00
4,710
4,290
3.750
6.365
10,000
10,1￿0
7.$00
6.500
5,365
5.000
5.000
10,000
3.393
7,500
10,431
10.000
10,000
10,000
10.000
10,000
10,000
7,500
6,440
15-

CRH Charitable Trust
Notes to the financial slatements (CONTINUED)
For the year ended 31 March 2025
Grants payabl•
Icontlnuedl
Panathlon
Disability Snowsp(Ki UK
Manna House
Olympias Music Fojndati
rime Out Group Northwest
SMILE GROUP
Autism Indu51VO
Sallord Refugee Link Isarelil
Greater Manchester Community Chaplain¢y
Woodwork To Wellness
Reubens Rèfvat
MedEquip4Kids
Anthony Seddon Fund
Dernenlia Togelher Wirral
The Hope Centre
River ol Life
6.000
5.200
5,000
5.000
5.000
5,000
5,000
5,000
4,500
4,200
3,750
3,000
3,000
3.000
1.955
1.550
343,070
227.149
Commitments
As at 31 Mar¢h 2025, grants Committed lo be paid in future peri(Kls. subject to certain grantee perfomance
conditions, amounted to £444.78212024.. £136.303).
Support costs
Support Govemance
costs
costs
2025
Support Governance
costs
costs
2024
Inswan
Audit
Accountancy
Secretarial fees
Storage
Grolsnds maintenance
costs
3,414
3.414
6,000
1.2(M)
12.414
31
2.185
2,185
6,000
1,140
12,151
6.000
1.200
9.311
1,140
9.113
3.103
31
3,038
7.955
7.955
11,624
11,624
21.880
9.134
31.014
24.062
9,122
33.184
Insuran￿. Audit. Accountancy, Storage and Grounds maintenance are wilhin Ihe Direct basis of allocation.
Secretarial fees and Bank charges are within the Usage basis of allocats"on.
Govemance costs includes p8yments lo Ihe audiloTS of £6.(N)0 (2024.. £6.000) for audil lees.
16-

CRH Charitable Trust
Notes to the financial statements (CONTINUED)
For the year ended 31 March 2025
Trustees
None of the trustees (or any persons connected wilh them) received any remuneration or benefits from the
charity during the year.
No expenses were reimbursed lo trustees in the year12024- none).
Employees
The￿ were no employees or employee remuneration during Ihe year12024'. None).
Legal and prole$$ional fees
Unrestrlcted Unrestrlctèd
fund5
funds
2025
2024
Legal and professional lees
36.053
5.456
Where legal and professional fees relate to a sale tr8nsa¢tion completed In the peritxl. the expenditure is
netted off against the corresponding income. as detailed in note 12. Where there is no completed transaction.
legal and professional fees are expensed againsl unrestricted income.
10 Net gainslllo55esl on Investments
Unrestricted
accufflulated Endowment
in¢om• fund
funds
Unr¥stri¢tsd
Total accumulated Endowment
income fund
funds
Total
2025
2025
2025
2024
2024
2024
Gainlllossl on
investments
Gain on sale of
investment pro￿rties
136,0491 (193.803) (229.8521
146.024
877,037
1.023.061
3.696.536 3,696.536
136.0491 {193.803) {229,8521
146,024 4,573,573 4,719,597
11 Taxatlon
The charity is exempt from tax on income and gains falling wthin section 505 of the Taxes Act 1988 or section
252 of the Taxation of Chargeable Gains Act 1992 to Ihe extent that these ale applied to its charitable objeds.
17-

CRH Charitable Trust
Notes to the financial statements {CONTINUED)
For the year ended 31 March 2025
12 Tanglble flxed assets
Freehold land
Cost or valuation
At 31 March 2025
221,859
At 31 March 2024
221,859
Freehold land amounting to £221.85912024= £221.859) has not been impaired.
The charity's ownership of freehold land derives from the land's use in the 0￿ra110n of Cheadle Royal
H05Pltal prior to 1993. The carrying amounl was d&t8miined in 1993 following a rgmeasuremenl and was
treated as deemed cost in accordance with the transibonal provisions for FRS 102.
Part of the land is subject lo the 1996 Development Agreement with the Charity's developmenl partner which
Crealed Cheadle Royal Business Park for office use. The charity has been independently advised there is no
current demand for offices in the location. As a result. wtthin the lerrns of the present Developmenl Agreement
and without allernalive use planning consenis. trustees are unable to ascrtbe any meaningful value to the
undeveloped land on thè Cheadle Royal Business Park.
During ihe year, the charity entered into negotiatirms for the possible disposal of part of this land for an
altemative use. Thase negotiations are ongoing but any di5wJsal would b8 subjecl to planning ¢onsènl for
change of use and lo the acouisition by a third party of a lease￿k￿ interest in part of the land. The gros$
payment to the charity coukl exceed £3m but Ihis would be subject to the deduction of c051s which cannot be
accurately estimated at present. Separately, negolialions a￿ at an e8dy stage for the disposal of further
parcels of land subject lo planning consent. It is not possible to eslifflate what the gross payment to the charity
or ils associated c051s might be.
Outsid8 of the Cheadlg Royal Business Park. the charity owns a plot of land, part of which is subject lo
operational use by The Priory Hospil81. in line with the charities objectives. The charity has been advised there
is little prospecl of a¢hieMn9 planning pemiission for uses which w(MJld allow for a meaningful development ol
the land.
As 8 result. the tnistees ccffilinu& to hold th8 mixed use PrO￿rtY at deemed cost as per FRS 102
requirements, due to inability to measure reliably, the fair v81ue of the investrnent propety component ol the
land.
18-

CRH Charitable Trust
Notes to the financial statements (CONTINUED)
For the year ended 31 March 2025
13 Flxed asset Investmgnts
M#nag•d Cllent cash In
funds
portf¢llo
Total
Cost or valuation
At 1 Apnl 2024
Additions
Valuation ch8nuesl cash movemenl
13.277.640
17.683
{229.852)
3.225
13,280.865
17,683
{232.987)
13.1351
At 31 March 2025
13.065,471
90
13.065,561
Carying amount
At 31 March 2025
13.065,471
90
13.065,561
At 31 March 2024
13.277,640
3.225
13,280,865
14 Dobtors
2025
2024
Amounts falling duo wlthin on• yoar:
Ac¢rued income
Prepayments and accrued reimbursements
747
38.003
870
10,714
38,75D
11,584
15 Crodltors: amounts falllng due wlthln one year
2025
2024
Accruals
38.979
17,844
19-

CRH Charitable Trust
Notes to the financial statements (CONTINUED)
For the year ended 31 March 2025
16 Endowment funds
At l Aprll
2024
Incoming
resour¢¢$
Gains and At 31 March
losses
2025
Endowm8nt funds
General endowment fund
Permanent endowment fund
Revaluation reserve
11.458.862
186.328
161.748
7.870
1192,0371 11.274.695
{1.7661
189,930
161,748
11.806.938
13,238
1193.803} 11.626.373
Prevlous year-
At 1 April
2023
Incomlng Revaluatlons At 31 Mar¢h
sources
gain5 and
2024
10s$¢s
Endowment funds
General endowment fund
Permanent end¢)wm&nt fund
Revaluation reserve
6.899.162
164.364
161.748
3.030
5.061
4.556.670
16.￿3
11.458,862
186,328
161.748
7.225,274
8.091
4.573,573
11.806.938
The Pemianent endowrnenl fund includes an amount set aside at the directi￿ ofthe Charity Commissioners
in order lo r￿0Up £1.239.371 previously paid to dear the charity's debt5. The Commissioners directed Ihe
Iruslees lo purchase investments with an original value of £51.000. cvrrenl value of £189.93012024'.
£183,32818nd to accumulate income and capital appreciation thereon until the sum spenl of £1.239.371 has
been recouped. When the full sum has been recouped Ihe funds will reinain as part of the permanent
endowment of Ihe charity.
17 Unrestricted funds
Thè following are general funds which are available to be spent for any ofthe charity'5 purposes.
At 1 April
2024
Incoming
r•sources
Resourcès
ndèd
Gains and At 31 March
losses
2025
General fund
2,010.601
371.652
1410.137)
136,0491
1,936,067
At 1 Aprfl
2023
In¢omlng
re50urc
Resources
expended
Galns and At 31 March
losses
2024
General fund
1.816.408
313.958
{265.789)
146.024
2.010,601

CRH Charitable Trust
Notes to the financial statements (CONTINUED)
For the year ended 31 March 2025
18 Analysls of net assets b•tween funds
Unrnstricted Endowment
funds
funds
2025
2025
Totsl Unrostricted Endowment
funds
funds
2024
2024
Total
2025
2024
Assets held
by funds:
Tangible assets
Inveslrnenls
Debtors
Creditors
Cash at bank
221.859
1.665.757 11,399.804
38.750
138.9791
270.539
221.859
13.065.561
38.750
138,9791
275,249
221,B59
11.417.416
221,859
13,280,865
11.584
117,8441
321,075
1,863.449
11.584
{15.593)
151.161
12.2511
169.914
4.710
1,936,067 11.626.373
13.562.440
2,010.601
11,806.938
13,817.539
19 Relot&d party transactions
There ￿re no dis¢losatAe related party transactions during the year12024 - none).
21