2021-03-31-accounts - The Crescent House Charity

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		Page
Report ofthe Trustees		1to 3
Independent Examiner's	Report
Statement ofFinancial	Activities
Balance Sheet
Cash Flow Statement
Notes to the Financial Statements		8to 12
Detailed Statement ofFinancial Activities		13

			31.03.21		31.03.20
		Unrestricted	Restricted	Total
	Notes	Funds I	Funds I	Funds
INCOME AND ENDOWMENTS
FROM
Donations and legacies					3,238
Charitable activities
Charitable activities	4	458,168		458,168	520,707
COVID Grants	2		34,907	34,907
Investment Income	3	4,545		4,545	1,941
Other Income
Total		462,713	34,907	497,620	525,886
EXPENDITURE ON
Charitable activities
Charitable activities	5	454,646	32,470	487 116	515,141
Total		454,646	32,470	487,116	515,141
Net Income Before Other Recognised
Gains and Losses		8,067	2,437	10,504	10,745
Net gains/(losses) on	10	40,456		40,456	(1,507)
investments
Net movement in funds	16	48,523	2,437	50,960	9,238
RECONCILIATION OFFUNDS
Total funds brought forward		572,335		572435	563,097
TOTAL FUNDS CARRIED
FORWARD		620,858	2,437	623495	572,335

			31.03.21		31.03.20
		Unrestricted	Restricted	Total
FIXEDASSETS	Notes	Funds	Funds	FundsI
Tangible assets	11	125,592		125,592	81,567
Investments	10	209,795		209,795	169,339
		335487		335,387	250,906
CURRENT ASSETS
Stocks Debtors and prepayments Cash at bank	12 13 14	1,500 12,697 279,391	2,437	1,500 12,697 281,828	1,500 10,862 324,683
		293,588	2,437	296,025	337,045
CREDITORS
Amounts falling due within one year	15	(8,117)		(8,117)	(15,616)
NET CURRENT ASSETS		2859471	2,437	287,908	321,429
TOTAL ASSETSLESS
CURRENT LIABILITIES		620,858	2,437	623,295	572,335
NET ASSETS		620,858	2,437	623,295	572,335
FUNDS
Unrestricted funds Restricted funds TOTALFUNDS				620,858 2,437 623,295	572,335 572,335

				31.032021	31.03.2020
			Notes	6
Cash flows from operating activities:
Cash generated &om opctutions				10,106	202,057
Net cash provided by (used in) operating		activities		10,106	202,057
Cash flows from investing activities:
Purchase oftangible fixed assets			11	(57,506)
Interest received			3	4,262	1,575
Dividends received			3	283	366
Net cash provided by (used in) investing		activities		52,961	1,941
Change in cash and cash equivalents	in the reporting
period				(42,855)	203,998
Cash and cash equivalents at tbe beginning ofthe
reporting period				324,683	120,685
Cash and cash equivalents at the end	of	the reporting
period				281,828	324,683

NCILIATION OF	NET INCO	ME TON	ET CASH FLOW F	ROM OPERATING ACTIVI	TIES
				31.03.2021	31.03.20
Net income for the	reporting	period
(as per the statement offinancial activities)				50g60	9438
Adjustments for:
Depreciation charges				13,481	13,617
Loss/(Gain) on investments				(40,456)	1,507
Interest received				(4/62)	(1,575)
Dividends received				(283)	(366)
Decrease/(Increase)	in debtors			(1,835)	173,058
Increase/(Decrease)	in creditors			(7,499)	6,578
Net cash provided	by (used in) operating		activities	10,106	202,057

2.	DONATIONS, LEGACIES AND GRANTS	31.03.21	31.03.21		31.03.20
					f
	Donations				1,377
	Legacies COVID 19Grants (Restricted)		34,907		1,861
	Total		34,907		3,238
The first COVID grant was received on 17 June fiom Brighton dt Hove City Council ("BHCC")followed by five further tranches each intended to assist with the funding for specific categories ofadditional costs incurred as aconsequence of the pandemic. As atthe year-end we had exceeded every grant received except for6967forthe "Rapid Testing Fund" and
f1,470	for the "Workforce Capacity Fund". These total f2,437	and are retained	as arestricted	fund balance pending
further	discussions with BHCC.
3.	INVESTMENT INCOME		31.03.21		31.03.20
	Dividend income		283		366
	Deposit account interest Total		4,262 4445		1,575 1,941
4.	INCOME FROM CHARITABLE ACTIVITIES		31.03.21		31.03.20
	Residents' contributions Activity Charitable activities		I 458,168		520,707
5.	CHARITABLE ACTIVITIES COSTS		31.03.21		31.03.20
			f		6
	Charitable activities direct costs	454,646			505,165
	Costs attributable to the pandemic (restricted funds)		32,470
	Expenditure on planned extension Total	487,116			9,976 515,141
This year's expenditure on the extension has been taken as		acapital expense.
6.	NET INCOME/(EXPENDITURE)
	Net income/(expenditute) is stated afier charging/(crediting):		31.03.21		31.03.20
					6
	Depreciation - owned assets		13,481		13,617
7.	TRUSTEES' REMUNERATION, BENEFITS AND EXPENSES
	There were no trustees' remunemtion orother benefits forthe year ended 31March 2021(2020anil).				There were
	no trustees' expenses paid forthe year ended 31March 2021 (2020anil).
	STAFFCOSTS		31.03.21		31.03.20
			f		f,
	Wages and salaries Social security costs Other pension costs Total		350,167 22,336 7,236 379,739		336,303 20,111 6,682 363,096
	During the year the total remuneration forkey management personnel wssf84,728 (2020-f81,943). The average monthly number ofemployees was 18(2019-20)and no employees received emoluments in excess off60,000.

9. COMPARATIVE PERIO	9. COMPARATIVE PERIO	D SoFA
STATEMENT OFFINANCIAL		ACTIVITIES
FORTHE YEAR TO31MARCH 2020
INCOME AND ENDOWMENTS		FROM
Donations and legacies					3,238
Charitable activities
Charitable activities				520,707
Investment income					1,941
Total				525,886
EXPENDITURE ON
Charitable activities
Charitable activities				515,141
Total				515,141
Net Income Before Other Recognised Gains and Losses					10,745
Net gains/(losses) on investments				(1,507)
Net movement in funds					9,238
RECONCILIATION OFFUNDS
Total funds brought forward				563,097
TOTAL FUNDS CARRIED FORWARD				572,335
10 FIXEDASSETINVESTMENTS
					31.03.21	31.03.20
Charities Ethical Investment Fund 47,895.83 accumulation MthG Charifund 438.582 units			units		203,337 6,458	164,096 5,243
Total listed investments					209,795	169,339
There were no investment	assets outside the UK.
11. TANGIBLE FIXEDASSETS
		Freehold		property	Fixtures dt fittings	Totals
COST
At I April 2020				37,664	69,610	107374
Additions At31March 2021			57,506 95,170		69,610	57,506 164,780
DEPRECIATION
At 1April 2020					25,707	25,707
Charge for year At 31March 2021					13,481 39,188	13,481 39,188
NET BOOK VALUE
At 31March 2021 At 31March 2020			95,170 37,664		30,422 43,903	125,592 81,567

12.	STOCKS
					31.03.21	31.03.20
	Stocks				1+00	1,500
13.	DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
					31.03DI	31.03.20
					8
	Residents' Fees				7,197	6,578
	Prepayments				5,500	4@84
	Total
					12,697	10,862
14.	CASH AT	BANK
					31.0301	3L03.20
	Barclays Bank current and deposit				(3,920)	9,023
	Aldermore	Bank on demand		deposits	75,836	61,000
	Redwood Bank 35day notice deposit				40,000	85,000
	Cambridge	61Counties Bank		95day notice deposit	84,660	84,660
	Charter Savings		1 year fixed	to 25/07/20		85,000
	Investec Bank 95day notice			deposit	85,252
	Total				281JQ8	324,683
	Each ofthese accounts is covered by the Financial Services Compensation				Scheme.
15.	CREDITORS: AMOUNTS			FALLING DUE WITHIN ONE YEAR
					31.03.21	31.03.20
						f,
	Trade creditors				8,117	10,248
	Residents'	Fees				5,368
	Total				8,117	15,616

	At	Net Movement	At
	01.04.2020	in funds	31.03.2021
Unrestricted funds
General Funds	572 335	48 523	620858
Restricted funds
Restricted Funds		2,437	2,437
TOTAL FUNDS	572,335	50,960	623,295

	Incoming	Resources	Gains and	Movement in
	resources	expended	losses	funds
Unrestricted funds
General fund	462,713	454,646	40,456	48,523
Restricted funds
Restricted funds	34,907	32,470		2,437
TOTAL FUNDS	497,620	487,116	40,456	50,960

Investment income
Dividend income			283
Deposit account interest			4,262
			4,545
Charitable activities
Residents' contributions			251,791
Contributions from BHCC			206,377
Grants re COVID-19			34,907
			493,075
Total incoming resources			497,620
EXPENDITURE
Charitable activities
Wages Employer's National Employer's Pension Provisions	Insurance Contributions		350,167 22,336 7436 30,574
Premises repairs			12,113
Cleaning, hygiene and Rates and Utilities		laundry	16,637 17,032
Otlice costs			3,700
Insurance			5,500
Accountancy Independent examiners			815 1,008
Registration fees			3,005
Finance charges Trallung			355 697
Residents' entertainment			1,875
Other expenses Depreciation gxtures	k fittings		585 13,481
Total resources expended			487,116
Net income/(deficit)	before gains and losses		10,504
Realised recognised gains and losses Realised gains/tlosses) on fixed asset investments			40,456
Netincome			50,960