2021-03-31-accounts - Crest Waltham Forest

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		Page
Report ofthe Trustees	1	to	11
Report ofthe Independent Auditors	12	to	14
Statement ofFinancial Activities
Statement ofFinancial Position	16	to	17
Statement ofCash Flows		18
Notes to the Statement ofCash Flows		19
Notes to the Financial Statements	20	to	31
Detailed Statement ofFinancial Activities	32	to	34

					31.3.21	31.3.20
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
		Notes			f
INCOME FROM
Donations			192,434		192,434	2,036
Charitable activities
Charitable			41,360	776,524	817,884	929,695
Activities Generating	Funds	3	27,928		27,928	163,278
Investment income		4	946		946	1,065
Total			262,668	776,524	1,039,192	1,096,074
EXPENDITURE ON
Raising funds		6	19,624		19,624	49,150
Charitable activities
Charitable			208,107	868,374	1,076,481	999,064
Total			227i731	868474	1096105	1 048214
NET INCOME/(EXPENDITURE)			34,937	(91,850)	(56,913)	47,860
Transfers between funds		19	(716)	716
Net movement in funds			34,221	(91,134)	(56,913)	47,860
RECONCILIATION	OFFUNDS
Total funds brought	forward		14,813	318,078	332,891	285,031
TOTAL FUNDS CARRKD FORWARD			49,034	226,944	275,978	332,891

STATEM	ENT OFFINANCIAL P 31MARCH 2021	OSITION
		31.3.21	31.3.20
	Notes
FIXEDASSETS
Tangible assets	15	17,086	21,358
CURRENT ASSETS
Debtors		232,065	20,671
Cash in hand		219,925	330,574
		451,990	351,245
CREDITORS
Amounts falling due within one year	17	(193,098)	(39,712)
NET CURRENT ASSETS		258,892	311,533
TOTAL ASSETSLESSCURRENT
LIABILITIES		275,978	332,891
NET ASSETS		275,978	332,891
FUNDS	19
Unrestricted funds:
General fund		49,034	14,813
Restricted funds:
Restricted Funds
		226,944	318,078
TOTAL FUNDS		275,978	332,891

		FOR	TH	E YEARENDE	D 31MARCH 2021
					3L321	31.3.20
				Notes
Cash flows from operating	activities
Cash generated Irom operations				I	(111,595)	77,604
Net cash (used in)/provided	by	operating		activities	(111,595)	77,604
Cash flows from investing	activities
Interest received					946	1,065
Net cash provided by investing		activities			946	1,065
Change in cash and cash equivalents			in
the reportiag period					(110,649)	78,669
Cash aad cash equivalents	at	the
beginning ofthe reporting	period				330,574	251,905
Cash and cash equivalents	at	the end	of
the reporting period					219,925	330,574

F	ORTHE YEAR ENDED 31MA	ORTHE YEAR ENDED 31MA	RCH 2021
RECONCILIATION OF	NET (EXPENDITURE)/INCOME		TONET CASH FLOW	FROM
OPERATING ACTIVITIES
			31.3.21		31.3.20
			g
Net (expenditure)/income	for the reporting	period (as per the
Statement ofFinancial Activities)			(56,913)		47,860
Adjustments for:
Depreciation charges			4,272		5,340
Interest received			(946)		(1,065)
(increase)/decrease in debtors			(211i394)		31,200
Increase/(decrease) in creditors			153,386		(5,739)
Net cash (used in)/provided	by operations		(111i595)		77,604

ANALYSIS OF CHANGES IN NET FUN	DS
	At I/4/20	Cash fiow	At 31/3/21
	f.
Net cash
Cash at bank and in hand	330,574	(110i649)	219,925
	330,574	(110,649)	219,925
Total	330,574	(110,649)	219,925

DONATIONS
	31.3.21	31.3.20
	K
Donations	5,809	2,036
Legacies	15,500
Grants	171,125
	192,434	2,036

		31.3.21
		8
London Borough ofWaltham	Forest	68)434
HMRC Job Retention Scheme		67,691
Business Rates Support Grant		35)000
		171,125

3.	ACTIVITIES GENERATING FUNDS	ACTIVITIES GENERATING FUNDS
			31.3.21	31.3.20
			f
	Shop income		423	33,115
	Rents Receivable		27,505	130,163
			27,928	163,278
4.	INVESTMENT INCOME
			31.3.21	31.3.20
	Deposit account interest		946	1,065
5.	INCOME FROM CHARITABLE ACTIVITIES
			31.3.21	31.3.20
		Activity	f
	Fee Income	Charitable	817,884	929,695

				31.3.2021	31.3.2020
Restricted Funds:
St James's Street BigLocal				42,052	94,095
William Morris BigLocal				293,629	173,567
North Meets South BigLocal				95,790	172,974
Noel Park BigLocal				70,959	55,977
The Urban Swift					1,909
Impact BigLocal				95,000	90,000
Hackney Wick BigLocal				111,694	106,210
Restricted Funds: Crest Pro'acts
Waltham Forest Conscious	Care			22,640
Time to Change				33,104	10,237
Buddying and Befriending	-LB	ofWaltham	Forest	11,666
				776i524	704969
Unrestricted Funds:
BigLocal Fees				35,344	25,999
Attendance at day care centre				1,821	191,791
National Grid Grant				3,942	5,000
Other Income				253	1,936
				41,360	224,726
Total Income from Charitable		Activities		817,884	929,695

Other trading	31.3.21	31.3.20
Staffcosts	3,437	16,617
Rent and Rates	14,902	22,284
Insurance		845
Light and Heat	648	2,290
Telephone	504	615
Sundry Expenses Shop	133	6,499
	19,624	49,150

SUPPORT COSTS
				Governance
	Management	Finance	Other	costs	Totals
Charitable	83,741	83,039	4,272	6,623	177,675

		31.3.21	31.3.20
Depreciation	- owned assets	4)272	5,340
Independent	Examiners Fees		1,080

			31.3.21	31.3.20
			f
Fees payable to the charity's	auditors for the audit ofthe charity's	financial
statements			6,580	6,700

STAF	F COSTS
		31.3.21	31.3.20
		f
Wages	and salaries	281,482	283,088
Social	security costs	20,685	18,991
Other	pension costs	7337	8,965
		309,504	311,044

		31.3.21	31.3.20
Charitable	Activities	14	14
Administration		3	3
		17	17

	NOTES TO THE FINANCIAL STATEMENTS -continued FORTHE YEAR ENDED 31MARCH 2021	NOTES TO THE FINANCIAL STATEMENTS -continued FORTHE YEAR ENDED 31MARCH 2021	NOTES TO THE FINANCIAL STATEMENTS -continued FORTHE YEAR ENDED 31MARCH 2021
13.	COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES 31.3.2020
		Unrestricted	Restricted	Total
		funds	funds	funds
	INCOME FROM
	Donations	2,036		2,036
	Charitable activities
	Charitable	234,963	694,732	929,695
	Activities Generating Funds	163,278		163,278
	Investment income	728	337	1,065
	Total	401,005	695,069	1,096,074
	EXPENDITURE ON
	Raising funds	49,150		49,150
	Charitable activities
	Charitable	417,190	581,874	999,064
	Total	466,340	581,874	1,048,214
	NET INCOME/(EXPENDITURE)	(65,335)	113,195	47,860
	RECONCILIATION OF FUNDS
	Total funds brought forward	80,148	204,883	285,031
	TOTAL FUNDS CARRIED FORWARD	14,813	318,078	332,891

15.	TANGIBLE	FIXEDASSETS
				Computer
				equipment
	COST
	At 1 April 2020 and 31March 2021			113,172
	DEPRECIATION
	At 1 April 2020			91,814
	Charge for year			4,272
	At 31March	2021		96,006
	NET BOOK	VALUE
	At 31March	2021		17,086
	At 31March	2020		21,355
16.	DEBTORS:	AMOUNTS FALLING DUE WITHIN ONE YEAR
			31.3.21	31.3.20
	Trade debtors		52,190	20,221
	Other debtors		22/75	450
	Prepayments	and accrued income	157,500
			232,065	20,671

					31.3.21	31.3.20
					f
Trade	creditors				175,402	27,306
Social	security	and	other	taxes	4,417	5,706
Other	creditors				13479	6,700
					193,098	39,712

ANALYSIS OFNET ASSETS	BETWEEN FUNDS
			31.3.21	31.3.20
	Unrestricted	Restricted	Total	Total
	funds	funds	funds	funds
		f	f
Fixed assets	179086		17,086	21,358
Current assets	225,046	226,944	451,990	351,245
Current liabilities	(193,098)		(193,098)	(39,712)
	49,034	226,944	275,978	332,891

				Funds as	Funds as
	Funds as at	Incoming	Outgoing		at
	1.4.20	Resources	Resources	Transfers	31.3.21
		8
Unrestricted Funds	14,813	262,668	(227,731)	(716)	49,034
Restricted Funds	318,078	776,524	(868,374)	716	226,944
TOTAL	332,891	1,039,192	(1,096,105)		275,978
Restricted Funds
a~Bib:
StJames BigLocal	45,768	42,052	(87,380)		441
William Morris BigLocal	102,857	293,629	(325,612)		70,875
North Meets South BigLocal	40,724	95,780	(102,212)		34,292
Noel Park BigLocal	53,464	70,959	(125,214)		(791)
Impact BigLocal	7,027	95,000	(93,776)		8,251
Hackney Wick BigLocal	39,361	111,694	(103,940)		47,116
Designated Fixed asset	28,877				28,877
~CtP '*t:
Buddying and Befriending		11,666	(1,225)		10,441
Time to Change		33,104	(14,617)	(765)	17,722
Waltham Forest Conscious Care		22,640	(14,398)	1,480	9,722
Total Restricted Funds	318,078	776,524	(868,374)	716	226,944
Unrestricted Funds	14,813	262,668	(227,731)	(716)	49,034

		CRESTWALTHAM FOREST	CRESTWALTHAM FOREST
		DETAILED STATEMENT OFFINANCIAL ACTIVITIES
			FOR THE YEARENDED 31MARCH 2021
			31.3.21	31.3.20
			8	E
INCOME
Donations
Donations			5,809	2,036
Legacies			15,500
Grants			171,125
			192,434	2,036
Activities Generating		Funds
Shop income			423	33,115
Rents Receivable			27,505	130,163
			27,928	163,278
Investment income
Deposit account	interest		946	1,065
Charitable activities
Fee Income			817,884	929,695
Total incoming	resources		1,039,192	1,096,074
EXPENDITURE
Other trading	activities
Wages			3,437	16,617
Rent and Rates			14,902	22,284
Insurance				845
Light and Heat			648	2,290
Telephone			504	615
Sundry Expenses Shop			133	6,499
			19,624	49,150
Charitable activities
Wages			236,748	224,025
Carried forward			236,748	224,025

		31.3.21	31.3.20
Charitable activities
Brought forward Social security		236,748 20,685	224,025 18,991
Transport and Travel StatTRecruitment		3,526 9,177	54,111 36,796
Telephone		2,063	1,870
Postage and stationery Volunteer and Speakers Expense		2,721 9,07$	2,036 10,430
Sundries		19957	5,687
Consultant dt Professional	fees	78/75	94,593
Local projects		499444	271,006
Grants payable		35@32	36,627
		$9$,$06	756,172
Support costs
Management
Rent and Rates		18,890	56,762
Insurance		7,521	10,568
Light and heat Telephone		59120 14,375	9,63$ 10,059
Postage and stationery Sundries		18)795 1408	12,723 227
Canteen and Cleaning		1,865	6,918
Subscriptions		3,433	3,967
Advertising Repairs and Renewals		525 11/79	8,385 23,315
Training and Welfare		730	1,140
		83,741	143,702
Finance
Wages		41,297	42,446
Pensions		7437	8,965
Volunteer and Speakers	Expense		646
Meeting Expenses			3,671
Bank charges		62	27
BigLocal Admin Fees		34443	20,928
		83,039	76,683

		FOR THE YEAR ENDE	D 31MARCH 2021
			31.3.21	31.3.20
Finance
Other
Sundries				120
Catering				8,880
Computer	Equip- Depreciation		4,272	5,340
			4,272	14,340
Governance		costs
Auditors'	remuneration		6,580	6,700
Accountancy		fees		1,080
Legal fees			43	387
			6,623	8,167
Total resources		expended	1,096,105	1,048,214
Net (expenditure)/income			(56,913)	47,860