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|---|---|---|---|
|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|
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|||||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|
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||||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|
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|||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|
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|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|
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||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|
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|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|
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|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|