2022-03-31-accounts - The Crescent House Charity

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			Page
Report ofthe Trustees			Ito3
Independent Examiner's		Report
Statement ofFinancial		Activities
Balance Sheet
Cash Flow Statement
Notes to the Financial	Statements		8to 11
Detailed Statement of	Financial Activities		12

				31.03.22	31.03.22		31.03.21
				Unrestricted	Restricted	Total
				Funds	Funds	Funds
			Notes
INCOME AND ENDOWMENTS
FROM
Donations and legacies
Charitable activities
Charitable activities			4	474,750		474,750	458,168
COVID Grants			2	13,184	22,917	36,101	34,907
Investment Income			3	2,205	-	2405	4,545
Other Income			3	275		275
Total				490,414	22,917	513431	497,620
EXPENDITURE	ON
Charitable activities
Charitable activities			5	498691	20 526	519217	487,116
Total				498,691	20,526	519217	487 116
Net Income Before Other Recognised
Gains and Losses				-8,277	2,391	-5,886	10,504
Net gains/blesses)	on		10	24,409		24,409	40,456
investments
Net movement in	funds		16	16,132	2,391	1tL523	50,960
RECONCILIATION		OF FUNDS
Total funds brought		forward		620,858	2,437	623i295	572,335
TOTAL FUNDS	CARRIED
FORWARD				636990	4828	641818	623,295

			31.03.22		31.03.21
		Unrestricted	Restricted	Total
		Funds	Funds	Funds
FIXEDASSETS	Notes
Tangible assets	11	345,393		345,393	125,592
Investments	10	234,204		234304	209,795
		579,597		579497	335,387
CURRENT ASSETS
Stocks Debtors and prepayments Cash at bank	12 13 14	1,500 12,910 56,592	4 828	1,500 12,910 61420	1,500 12,697 281 828
		71,002	4,828	75,830	296,025
CREDITORS
Amounts falling due within one year	15	(13,609)		(13,609)	(8,117)
NET CURRENT ASSETS		57+93	4,828	62421	287,908
TOTAL ASSETSLESS
CURRENT LIABILITIES		636,990	4,828	641,818	623,295
NET ASSETS		636990	4828	641818	623 295
FUNDS
Unrestricted funds Restricted funds TOTALFUNDS				636,990 4,828 641,818	620,858 2,437 623,295

		31.03.2022	31.03.2021
	Notes
Cash flows from operatiag activiiiesi Cash generated from operations		~10359	10,106
Net cash provided by (used in) operating activities		10,359	~10106
Cash flows from investing activities:
Purchase oftangible fixed assets	11	(233,247)	(57,506)
Interest received	3	1,876	4,262
Dividends received	3	329	283
Additional Income	3	275
Net cash provided by (used in) investing activities		230,767	52,961
Change in cash and cash equivalents in the period Cash and cash equivalents at the beginning reporting period	reporting ofthe	(220,408) ~281 828	(42,855) ~324 683
Cash and cash equivalents at the end ofthe period	reporting	~61 420	~281 828
NOTES TO THE CASH FLOW STATEMENT FORTHE YEAR ENDED 31MARCH 2022
RECONCILIATION OFNET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
		31.03.2022	31.03.21
Net income for tbe reporting period (as per the statement offlinancial activities)		18,523	50,960
Adjustments for: Depreciation charges Loss/(Gain) on investments Interest received Dividends received		13,446 (24,409) (1,876) (329)	13,481 (40,456) (4362) (283)
Additional Income Decrease/(Increase) in debtors Increase/(Decrease) in creditors		(275) (213) ~5492	(1,835) ~7,499
Net cash provided by (used iu) operating activities		10359	10,106

THE CRESCENT HOUSE CHARITY	THE CRESCENT HOUSE CHARITY	THE CRESCENT HOUSE CHARITY	THE CRESCENT HOUSE CHARITY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31MARCH 2022- CONTINUED
2.	DONATIONS, LEGACIES AND GRANTS
		31.03.22	31.03.21
		5
	COVID 19Grants (Restricted)	36,101	34,907
	Total	36,101	34,907

COVID 19Grants (Restricted) Total	COVID 19Grants (Restricted) Total			5 36,101 36,101	5 36,101 36,101			34,907 34,907
Over our two financial years to this year-end, we		had received COVID-19 grants		Irom Brighton		61	Hove City	Council
("BHCC'*) totalling 170,987 (the above figures		include $21 interest).	Each tranche was intended				to assist	with the
funding for specific categories ofadditional costs		incurred over specific	months	as	a consequence	ofthe pandemic. As
at this	year-end, we had incurred additional costs over the last two years due			to	the COVID-19		pandemic	totalling
5138,368 but not every expense exactly matched		BHCC's guidelines.	We estimate		the maximum		funds that	could be
clawed back by BHCC for this financial year to		be 54,828, so these are retained		as a restricted		fund balance		pending
further	discussions with BHCC.
	INVESTMENT INCOME AND OTHER INCOME			31.03.22				31.03.21
	Dividend income				329			283
	Deposit account interest				1,876			4,262
	Compensation from Barclays Bank for system failures				275
	Total				2,480			4,545
4.	INCOME FROM CHARITABLE ACTIVITIES			31.03.22				31.03.21
					8
	Residents' contributions			474,750				458,168
	Funds applied Rom COVID 19Grants				13,184
	Total			487,934				458,168
5.	CHAIUTABLE ACTIVITIES COSTS				31.03.22			31.03.21
								5
	Charitable activities direct costs				498,691			454,646
	Costs attributable to the pandemic funded	by COVID 19Grants			20,526			32,470
	Total				519,217			487,116
6.	NET INCOME/(EXPENDITURE)				31.03.22			31.03.21
	Net income/(expenditure) is stated atter charging/(crediting):							5
	Depreciation —owned assets				13,446			13,481
7.	TRUSTEES' REMUNERATION, BENEFITSAND EXPENSES
	There were no trustees' remuneration or	other benefits for the	year ended		31March 2022		(2021 anil). There
	were trustees' expenses of813 paid for the year ended 31March		2022 (2021 anil).
	STAFFCOSTS				31.03.22			31.03.21
	Wages and salaries Social security costs (net of 54,000allowance) Workplace pension costs Total			358,822 21,512 ~7723 388,057				350,167 22,336 7,236 379,739

	INCOME AND ENDOWMENTS FROM
	Charitable activities
	Charitable activities			458,168
	COVID Grants			34,907
	investment income			4,545
	Total			497,620
	EXPENDITURE ON
	Charitable activities
	Charitable activities			487,116
	Total			487,116
	Net Income Before Other Recognised Gains and
	Losses			10,504
	Net gains/(losses) on investments			40,456
	Net movement in funds			50,960
	RECONCILIATION OF FUNDS
	Total funds brought forward			572,335
	TOTAL FUNDS CARRIED FORWARD			623 293
10	FIXEDASSETINVESTMENTS			31.03.22	31.03.21
	Charities Ethical Investment Fund 47,895.83 accumulation M&G Charifund 438.582 units Total listed investments There were no investment assets outside the UK.	units		227,275 6929 234+04	203,337 6,458 209,795
1.	TANGIBLE FIXEDASSETS
	Freehold		pmperty	Fixtures &fittings	Totals
	COST		8		8
	At 1 April 2021 Additions At 31March 2022	95,170 ~225 368 320,538		69,610 7,879 77,489	164,780 233 247 398,027
	DEPRECIATION
	At 1 April 2021 Charge foryear At 31March 2022			39,188 13,446 52,634	39,188 13446 52,634
	NET BOOK VALUE
	At 31March 2022 At 31March 2021	320,538 ~95 170		24,855 30422	345493 125,592

THE CRESCENT HOUSE CHARITY	THE CRESCENT HOUSE CHARITY	THE CRESCENT HOUSE CHARITY	THE CRESCENT HOUSE CHARITY	THE CRESCENT HOUSE CHARITY
NOTES TO THE FINANCIAL STATEMENTS FOR					THE YEAR			ENDED	31MARCH	2022- CONTINUED
12.	STOCKS								31.03.22		31.03.21
	Stocks								1400		1,500
13.	DEBTORS: AMOUNTS	FALLING		DUE	WITHIN		ONK		31.03.22		31.03.21
	YEAR
	Residents' Fees								4,345		7,197
	Prepayments								8,565		5,500
	Total								12+10		12,697
14.	CASH AT BANK								31.03.22		31.03.21
	Barclays Bank current and deposit								(4,080)		(3,920)
	Aldermore Bank on demand deposits								30,500		75,836
	Redwood Bank 35-day notice deposit								35,000		40,000
	Cambridge k Counties Bank	95-day notice deposit									84,660
	lnvestec Bank 95-day notice deposit										85,252
	Total								61,420		281,828
	Each ofthese accounts is covered by the Financial				Services Compensation				Scheme.
	CREDITORS: AMOUNTS	FALLING		DUE WITHIN ONK				YEAR	31.03.22		31.03.21
	Trade creditors								8,818		5,111
	Utilities								3,791		2,006
	Accountants								1,000		1,000
	Total								13,609		8,117
16.	MOVEMENT IN FUNDS
								At Net		Movement	At
								01.04.2021 in funds			31.03.2022
	Unrestricted funds
	General Funds							620,858		16,132	636,990
	Restricted funds
	Restricted Funds								2,437	2,391	4,828
	TOTAL FUNDS							623295		18,523	641,$1$
	Net movement in funds, included		in the	above are		as follows:
						Incoming		Resources		Gains and	Movement in
						resources		expended		losses	funds
											6
	Unrestricted funds
	General fund					490,414		498,691		24,409	16,132
	Restricted funds
	Restricted funds					22,917			20,526		2,391
	TOTAL FUNDS					513,331		519,217		24409	18423

lnvestmeat income
Dividend income	329
Deposit account interest	~1876
	2,205
Charitable activities
Residents' contributions	239,316
Contributions from BHCC	235,434
Grants re COVID-19	36,101
Compensation 1'mm Barclays Bank	275
	511,126
Total incoming resources	513431
EXPENDITURE
Charitable activities
Wages	358,822
Employer's National lnsunmce	21,512
Employer's Pension Contributions	7,723
Provisions Premises repairs 81gardening	30,858 23,760
Cleaning, hygiene and laundry	14,790
Rates and Utilities Office costs	21,186 4,297
Insurance Accountancy	5,846 847
Independent examiners Registration fees Finance charges	1,000 3,079 139
Tmmmg Residents' entertainment Other expenses Depreciation fixtures dt fittings Total resources expended	3,657 2,455 5,800 13,446 519417
Net incomel(deficit) before gains and losses	5,886
Realised recognised gains and losses
Realised gains/(losses) on fixed asset investments	24,409
Net income	~18 523