## **Crosby Hall Educational Trust**
**Charity No. 700042**
**Company No. 02232358**
**Trustees' Report and Unaudited Accounts**
**31 March 2024**
**Crosby Hall Educational Trust Contents**
||Pages||
|---|---|---|
|Trustees' Annual Report|2 to 4||
|Independent Examiner's Report||5|
|Statement of Financial Activities||6|
|Balance Sheet||7|
|Notes to the Accounts|8 to|16|
Page 1
**Crosby Hall Educational Trust Trustees Annual Report**
The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, herein present their report with the unaudited financial statements of the charity for the year ended 31 March 2024.
The financial statements have been prepared in accordance with the accounting policies set out in Note 1 to the accounts and comply with the charity's governing document, the Charities Act 2011, the Companies Act 2006 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard 102 applicable in the UK and Republic of Ireland.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Company No. 02232358**
## **Charity No. 700042**
## **Registered Office**
Crosby Hall Back Lane Little Crosby Merseyside L23 4UA
## **Directors and Trustees**
The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:
C. Baxter F.W. Cowell J.H. Daly A.J. Walker M.F. Whitlock Blundell
## **Key Management Personnel**
Chair Mr M F W Blundell Company Secretary MR F W Cowell
## **Accountants**
Sefton Council for Voluntary Service Burlington House Crosby Road North Waterloo Liverpool L22 0LG
## **Bankers**
Barclays Bank PLC 18-22 London Road
Page 2
**Crosby Hall Educational Trust Trustees Annual Report**
Great Crosby Liverpool Merseyside L23 4UA
## **Solicitors**
Weightmans 100 Old Hall Street Liverpool Merseyside L3 9QJ
## **OBJECTIVES AND ACTIVITIES**
The objects of the charitable company are the advancement of the education of the public (including in particular those suffering from need, hardship and distress); the promotion of knowledge, understanding and appreciation of the arts; the advancement of religion for the benefit of the public and such other exclusively charitable purposes as the company deems appropriate.
The aims of the charitable company are to promote the cultural, educational and spiritual development of children, young people and adults, by providing residential courses and facilities in the quiet of the countryside.
The main focus of our activities remains the education and personal development of the visiting children. It is increasingly recognised that out-of-classroom learning has a valuable role to play in supplementing more traditional school-based curricula. Time spent at CHET also benefits children by developing their self-confidence and social skills.
In setting our objectives and planning our activities the trustees have given careful consideration to the Charity Commission's guidance on public benefit.
## **ACHIEVEMENTS AND PERFORMANCE**
During the year the charity provided a residential educational experience to about 2,000 children, mainly in school groups supported by their teachers. These visits attracted particularly positive feedback, leading to the next two terms and the following year becoming almost fully booked with residential visits.
Our wonderful staff are committed to giving every child a great time and a chance to try out new activities, whether it be rafting, archery, orienteering, shelter building, fencing, or using our great adventure course. They take home with them new social skills and a life enhancing experience to share with others, which stays with them for decades. A climbing tower is now complete and includes a facility for handicapped children. There are also an escape room, Jacob's ladder, archaeological dig, and crate stack all on the horizon.
Through our Bursary Fund we were able to support children from low-income families, children from Ukraine and young carers from the local area to come to CHET. The Bursary Fund is provided by covenants from our CHET friends.
Generous donations and a series of cultural events provide funding to substantially reduce charges made to visitors.
Page 3
**Crosby Hall Educational Trust Trustees Annual Report**
## **FINANCIAL REVIEW**
The charity's financial position continues to operate within Trustee expectations. The General Fund has decreased from £96,658 to £79,052. During the period there was a trading surplus of £20,251 (2023 surplus £9,783). Gift Aid of £7,504 and investment income £19,630 was also received in the year. Additionally £69,581 was transferred from the general fund to the Endowment Fund to maximise future earnings. The Bursary Fund increased from £64,322 to £67,132.
The Endowment Fund increased from £457,622 to £522,368.
The charity has a policy of holding a reserve of six months turnover in cash. This reserve is held for reasons of financial prudence. The Trustees are confident that the charity is a going concern. No fund or subsidiary is in deficit.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).
Signed on behalf of the board
F.W. Cowell Trustee 18 October 2024
M.F. Whitlock Blundell Trustee 18 October 2024
Page 4
**Crosby Hall Educational Trust Independent Examiners Report**
## **Independent Examiner's Report to the trustees of Crosby Hall Educational Trust**
I report to the charity trustees on my examination of the financial statements of Crosby Hall Educational Trust for the year ended 31 March 2024 which comprise the Statement of Financial Activities, the Summary Income and Expenditure Account, the Balance Sheet and the related notes.
## **Responsibilities and basis of report**
As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.
Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's financial statements as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
As the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of theInstitute of Chartered Accountants in England and Wales.
I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that:
- accounting records were not kept in accordance with section 386 of the 2006 Act ; or
- the financial statements do not accord with those records; or
- the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination; or
- the financial statements have not been prepared in accordance with the Charities SORP (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Ian Wright Institute of Chartered Accountants in England and Wales Sefton Council for Voluntary Service Burlington House Crosby Road North Waterloo Liverpool L22 0LG 18 October 2024
Page 5
**Crosby Hall Educational Trust Statement of Financial Activities**
## **for the year ended 31 March 2024**
|**Unrestricted**
**funds**
**2024**
**Notes**
**£**
**Income and endowments**
**from:**
Donations and legacies
4
62,105
Charitable activities
5
335,058
Investments
6
19,630
Other
7
15,232
**Total**
432,025
**Expenditure on:**
Charitable activities
8
411,774
**Total**
411,774
Net (losses)/gains on
investments
-
**Net income**
9
20,251
Transfers between funds
(69,581)
**Net income before other**
**gains/(losses)**
(49,330)
**Other gains and losses**
**Net movement in funds**
(49,330)
**Reconciliation of funds:**
Total funds brought forward
1,241,743
**Total funds carried forward**
1,192,413|**Unrestricted**
**funds**
**2024**
**Notes**
**£**
**Income and endowments**
**from:**
Donations and legacies
4
62,105
Charitable activities
5
335,058
Investments
6
19,630
Other
7
15,232
**Total**
432,025
**Expenditure on:**
Charitable activities
8
411,774
**Total**
411,774
Net (losses)/gains on
investments
-
**Net income**
9
20,251
Transfers between funds
(69,581)
**Net income before other**
**gains/(losses)**
(49,330)
**Other gains and losses**
**Net movement in funds**
(49,330)
**Reconciliation of funds:**
Total funds brought forward
1,241,743
**Total funds carried forward**
1,192,413|**Restricted**
**funds**
**2024**
**£**
12,602
-
-
-|**Endowment**
**funds**
**2024**
**£**
-
-
-
-|**Total funds**
**2024**
**£**
74,707
335,058
19,630
15,232|**Total funds**
**2023**
**£**
68,418
323,763
8,177
19,452|
|---|---|---|---|---|---|
|||12,602
9,792|-
-|444,627
421,566|419,810
401,429|
||411,774
-|9,792
-|-
(4,835)|421,566
(4,835)|401,429
9,778|
|||2,810
-|(4,835)
69,581|18,226
-|28,159
-|
||(49,330)|2,810|64,746|18,226|28,159|
||(49,330)
1,241,743|2,810
64,322|64,746
457,622|18,226
1,763,687|28,159
1,735,528|
||1,192,413|67,132|522,368|1,781,913|1,763,687|
Page 6
**Crosby Hall Educational Trust Balance Sheet**
## **at 31 March 2024**
|**Company No.**
**02232358**
**Notes**
**2024**
**£**
**Fixed assets**
Tangible assets
11
1,113,361
Investments
12
174,986
1,288,347
**Current assets**
Stocks
13
1,604
Debtors
14
32,483
Cash at bank and in hand
502,767
536,854
**Creditors:**Amount falling due within one year
15
(43,288)
**Net current assets**
493,566
**Total assets less current liabilities**
1,781,913
**Net assets excluding pension asset or liability**
1,781,913
**Total net assets**
1,781,913
**The funds of the charity**
**Restricted funds**
16
Endowment funds
522,368
Restricted income funds
67,132
589,500
**Unrestricted funds**
16
General funds
79,052
Designated funds
1,113,361
1,192,413
**Reserves**
16
**Total funds**
1,781,913|**2023**
**£**
1,145,082
179,821|
|---|---|
||1,324,903
1,541
51,164
439,326|
||492,031
(53,247)|
||438,784
1,763,687|
||1,763,687|
||1,763,687|
||457,622
64,322|
||521,944
96,658
1,145,085|
||1,241,743|
||1,763,687|
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
For the year ended 31 March 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 11 October 2024
And signed on its behalf by:
M.F. Whitlock Blundell Trustee 18 October 2024
Page 7
**Crosby Hall Educational Trust Notes to the Accounts**
## **for the year ended 31 March 2024**
- 1 **Accounting policies**
## **Basis of preparation**
The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note. The functional currency used is the £ Sterling.
Assets and liabilities are initially recognized at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.
The functional currency used is the £ Sterling.
## **Preparation of the accounts on a going concern basis**
At the time of approving the accounts, the trustees' have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the forseeable future. As such these accounts have been prepared under the going concern basis.
## **Change in basis of accounting or to previous accounts**
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
## **Fund accounting**
Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
Page 8
**Crosby Hall Educational Trust Notes to the Accounts**
## **Income**
- Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
- Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
- Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.
- Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
## **Expenditure**
- Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
- Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
- Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
- Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
- Other expenditure These are support costs not allocated to a particular activity.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
Page 9
**Crosby Hall Educational Trust Notes to the Accounts**
## **Tangible fixed assets and depreciation**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
straight line over lifetime of Leasehold property lease Equipment 25% reducing Motor Vehicles 20% reducing Fixtures & Fittings 10-25% reducing
## **Freehold investment property**
Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.
## **Stocks**
Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.
## **Trade and other debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
## **Trade and other creditors**
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## **Pension costs**
The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
## 2 **Company status**
The company is a private company limited by guarantee and consequently does not have share capital.
Page 10
**Crosby Hall Educational Trust Notes to the Accounts**
3 **Statement of Financial Activities - prior year**
|3
**Statement of Financial Activities - prior year**|||||
|---|---|---|---|---|
|**Income and endowments from:**
Donations and legacies
Charitable activities
Investments
Other
**Total**
**Expenditure on:**
Charitable activities
Other
**Total**
Net gains on investments
**Net income**
Transfers between funds
**Net income before other**
**gains/(losses)**
**Other gains and losses:**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
4
**Income from donations and legacies**
Donations
Gift Aid Recoverable
5
**Income from charitable activities**
Educational activities|**Unrestricted**
**funds**
**2023**
**£**
54,708
323,763
8,177
19,452
406,100
74,407
321,910
396,317
-
9,783
(142,524)
(132,741)
(132,741)
1,374,484
1,241,743
**Unrestricted**
**£**
54,601
7,504
62,105|**Restricted**
**funds**
**2023**
**£**
13,710
-
-
-
13,710
5,112
-
5,112
-
8,598
-
8,598
8,598
55,724
64,322
**Restricted**
**£**
12,602
-
12,602
**Unrestricted**
**£**
335,058
335,058|**Endowment**
**funds**
**2023**
**£**
-
-
-
-
-
-
-
-
9,778
9,778
142,524
152,302
152,302
305,320
457,622
**Total**
**2024**
**£**
67,203
7,504
74,707
**Total**
**2024**
**£**
335,058
335,058|**Total funds**
**2023**
**£**
68,418
323,763
8,177
19,452|
|||||419,810
79,519
321,910|
|||||401,429
9,778|
|||||28,159
-|
|||||28,159|
|||||28,159
1,735,528|
|||||1,763,687|
|||||**Total**
**2023**
**£**
53,433
14,985|
|||||68,418|
|||||**Total**
**2023**
**£**
323,763|
|||||323,763|
Page 11
**Crosby Hall Educational Trust Notes to the Accounts**
## 6 **Income from investments**
|Dividends
Interest Receivable
7
**Other income**
Insurance claims
Ofgem
8
**Expenditure on charitable activities**
_Expenditure on charitable_
_activities_
Educational activities
_Admin costs_
Employee costs
Motor and travel costs
Premises costs
Amortisation, depreciation,
impairment, profit/loss on
disposal of fixed assets
General administrative costs
Legal and professional costs
9
**Net income before transfers**
This is stated after charging:
Depreciation of owned fixed assets|**Unrestricted**
**£**
67,658
220,498
1,564
63,489
32,387
16,176
10,002
411,774|**Unrestricted**
**£**
19,581
49
19,630
**Unrestricted**
**£**
-
15,232
15,232|**Total**
**2024**
**£**
19,581
49
19,630
**Total**
**2024**
**£**
-
15,232
15,232|**Total**
**2023**
**£**
7,757
420|
|---|---|---|---|---|
|||||8,177|
|||||**Total**
**2023**
**£**
4,332
15,120|
|||||19,452|
||||||
|||**Restricted**
**£**
9,792
-
-
-
-
-
-
9,792
**2024**
**£**
32,387|**Total**
**2024**
**£**
77,450
220,498
1,564
63,489
32,387
16,176
10,002
421,566|**Total**
**2023**
**£**
79,519
195,385
2,177
78,329
21,493
17,324
7,202|
|||||401,429|
|||||**2023**
**£**
21,493|
Page 12
**Crosby Hall Educational Trust Notes to the Accounts**
|10 **Staff costs**
Salaries and wages
Social security costs
Pension costs
1 employee received emoluments in excess of £60,000.
11**Tangible fixed assets**
**Land and**
**buildings**
**Equipment**
**£**
**£**
**Cost or revaluation**
At 1 April 2023
1,297,993
127,790
Additions
-
666
At 31 March 2024
1,297,993
128,456
**Depreciation and**
**impairment**
At 1 April 2023
246,813
117,684
Depreciation charge for the
year
12,980
2,693
At 31 March 2024
259,793
120,377
**Net book values**
At 31 March 2024
1,038,200
8,079
At 31 March 2023
1,051,180
10,106
12 **Investments**
**Cost or revaluation**
At 1 April 2023
Revaluation
At 31 March 2024
**Net book values**
At 31 March 2024
At 31 March 2023|**2024**
196,723
10,634
12,266
219,623
**Motor**
**Vehicles**
**£**
9,450
-
9,450
9,450
-
9,450
-
-|**Fixtures &**
**Fittings**
**£**
276,841
-
276,841
193,045
16,714
209,759
67,082
83,796
**Other**
**investments**
**- Listed**
**£**
179,821
(4,835)
174,986
174,986
179,821|**2023**
176,246
8,363
9,821|
|---|---|---|---|
||||194,430|
||||**Total**
**£**
1,712,074
666|
||||1,712,740|
||||566,992
32,387|
||||599,379|
||||1,113,361|
||||1,145,082|
||||**Total**
**£**
179,821
(4,835)|
||||174,986|
||||174,986|
||||179,821|
|||||
Page 13
**Crosby Hall Educational Trust Notes to the Accounts**
## 13 **Stocks**
|13 **Stocks**|||
|---|---|---|
|Finished goods
**Carrying value analysed by activities**
Educational activities
14 **Debtors**
Trade debtors
Prepayments and accrued income
15 **Creditors:**
amounts falling due within one year
Trade creditors
Other taxes and social security
Other creditors
Accruals|**2024**
**£**
1,604
1,604
**2024**
**£**
1,604
1,604
**2024**
**£**
24,268
8,215
32,483
**2024**
**£**
4,844
15,388
20,806
2,250
43,288|**2023**
**£**
1,541|
|||1,541|
|||**2023**
**£**
1,541|
|||1,541|
|||**2023**
**£**
43,437
7,727|
|||51,164|
|||**2023**
**£**
9,768
23,923
17,306
2,250|
|||53,247|
Page 14
**Crosby Hall Educational Trust Notes to the Accounts**
## 16 **Movement in funds**
|16 **Movement in funds**||||||
|---|---|---|---|---|---|
||**At 1 April**
**2023**
457,622
457,622
64,322
64,322
96,658
1,145,085
1,145,085
1,763,687|**Incoming**
**resources**
**(including**
**other**
**gains/losses)**
**£**
(4,835)
(4,835)
12,602
12,602
432,025
-
-
439,792|**Resources**
**expended**
**£**|**Gross**
**transfers**
**£**
69,581
69,581
-
-
(37,857)
(31,724)
(31,724)
-|**At 31**
**March**
**2024**
**£**
522,368|
|**Restricted funds:**
**Endowment funds:**
Expendable Endowment
Fund
_Total_
**Restricted income funds:**
Bursary Fund
_Total_
**Unrestricted funds:**
**General funds**
**Designated funds:**
Fixed Asset Fund
_Total_
**Total funds**||||||
||||-|||
||||-|||
||||||522,368|
||||||67,132|
||||(9,792)|||
||||(9,792)
(411,774)
-
-
(421,566)|||
||||||67,132|
||||||79,052
1,113,361|
||||||1,113,361|
|||||||
||||||1,781,913|
Purposes and restrictions in relation to the funds:
Endowment funds: Expendable Endowment This fund was created in 2006 using funds given by the donors to CHET. It Fund is a type of fund proposed by the Charity Commission's guidance paper CC19. It is partly invested on the stock exchange through the Charities Official Investment Fund (COIF) and partly held on deposit with COIF. The proportions may be varied from time to time by decision of the trustees. The income is applied at the discretion of the trustees for the support of the charitable company's activities and is therefore treated as unrestricted income.
Restricted funds: Bursary Fund The Bursary Fund is a fund from which bursaries are awarded to schools enabling children from impecunious families to enjoy visits to the CHET Centre, from which otherwise they might be excluded for financial reasons. Generally, bursaries do not exceed 50% of the fee and are awarded by the Principal, after discussion with the school, to children whose parents are in receipt of state benefits.
Designated funds:
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**Crosby Hall Educational Trust Notes to the Accounts**
Fixed Asset Fund
The Fixed Asset Fund represents the ring fencing of assets which are not available as part of the general liquid reserves of the charity.
## 17 **Analysis of net assets between funds**
|Fixed assets
Investments
Net current assets
**Reconciliation of net cash / (net debt)**
Cash and cash equivalents
Net cash / (net debt)|**Unrestricted**
**funds**
**£**
1,113,361
-
79,052
1,192,413|**Restricted**
**funds**
**£**
-
-
67,132
67,132
**At 1 April**
**2023**
**£**|**Endowment**
**funds**
**£**
-
174,986
347,382
522,368
**Cash flows**
**£**|**Total**
**£**
1,113,361
174,986
493,566|
|---|---|---|---|---|
|||||1,781,913|
|||||**At 31**
**March**
**2024**
**£**|
|||439,326|63,441|502,767|
|||439,326
439,326|63,441
63,441|502,767|
|||||502,767|
## 18 **Reconciliation of net cash / (net debt)**
FRS 102 requires and entity to report changes in net debt in the accounting period. Crosby Hall Educational Trust does not carry any debt or other borrowings and has a positive net cash position
## 19 **Commitments**
## _**Pension commitments**_
|**_Pension commitments_**|||
|---|---|---|
|The pension cost charge to the company
amounted to:
20 **Related party disclosures**
**_Controlling party_**|**2024**
**£**
12,266|**2023**
**£**
9,821|
||||
The company is limited by guarantee and has no share capital; thus no single party controls the company.
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