| Page | ||
|---|---|---|
| Report ofthe Trustees | 1to 3 | |
| Independent Examiner's |
Report | |
| Statement ofFinancial | Activities | |
| Balance Sheet | ||
| Cash Flow Statement | ||
| Notes to the Financial Statements | Sto 11 | |
| Detailed Statement ofFinancial Activities | 12 |
| REFERENCE AND | ADMINISTRATIVE DETAILS | ADMINISTRATIVE DETAILS |
|---|---|---|
| Registered Company | number | |
| 10574995(England and Wales) | ||
| Registered Charity Number | ||
| 1172032 | ||
| Registered Office | ||
| 108The Drive | ||
| Hove | ||
| BN3 6GP | ||
| Trustees | ||
| JLA Houston (resigned 31August 2022) | ||
| Mrs RE Morgan | ||
| DrJWMorgan | ||
| RJOverton-Hart (appointed |
15January 2023) | |
| JEPuttock | ||
| Mrs G Sarjudeen | ||
| Chair | ||
| JEPuttock | ||
| Company Secretary |
||
| JEPuttock. | ||
| Treasurer | ||
| IJRCrosthwaite. | ||
| Independent Examiner |
||
| Dr Shona FWardrop C.A. | ||
| Chariot House Limited | ||
| Chartered Accountants |
||
| 44 Grand Parade | ||
| Brighton | ||
| BN2 9QA | ||
| Solicitors | ||
| DMH Stallard incorporating | Grif5th Smith LLP | |
| 47 Old Steine | ||
| Brighton | ||
| BN1 1NW | ||
| Principal Bankers | ||
| Barclays Bank pic, 139/140North Street Brighton BN1 1RU. |
| 31.03.23 | 31.03.23 | 31.03.22 | ||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||||
| Funds | Funds | Funds | ||||
| Notes | ||||||
| INCOME AND ENDOWMENTS | ||||||
| FROM | ||||||
| Charitable activities |
.4 | 590,972 | 590,972 | 474,750 | ||
| Donations legacies |
&grants | 2 | .192 | 4,500 | 4,692 | 36,101 |
| Investment Income |
3 | 896 | 896 | 2205 | ||
| Other Income | 3 | 50 | 50 | 275 | ||
| Total | 592,110 | 4,500 | 596,610 | 513,331 | ||
| EXPENDITURE | ON | |||||
| Charitable activities |
||||||
| Charitable activities |
586,570 | 9328 | 595,898 | 519 17 | ||
| Total | 586 570 | 9328 | 595,898 | 519217 | ||
| Net Income Before Other Recognised | ||||||
| Gains and Losses | 5,540 | -4,828 | 712 | -5,886 | ||
| Net gains/(losses) | on | 10 | -5,566 | -5,566 | 24,409 | |
| investments | ||||||
| Net movement in |
funds | 16 | -26 | -4,828 | -4,854 | 18,523 |
| RECONCILIATION OFFUNDS | ||||||
| Total funds brought forward | 636,989 | 4,828 | 641,818 | 623495 | ||
| TOTAL FUNDS | CARRIED | |||||
| FORWARD | 636964 | 636,964 | 641 818 |
| 31.03.23 | 31.03.22 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||
| Funds | Funds | Funds | |||
| FIXEDASSETS | Notes | ||||
| Tangible assets | 11 | 377,280 | 377,280 | 345,393 | |
| Investments | 10 | 203,638 | 203,638 | 234404 | |
| 580,918 | 580,918 | 579,597 | |||
| CURRENT ASSETS | |||||
| Stocks | 12 | 1,500 | 1,500 | 1,500 | |
| Debtors and prepayments | 13 | 19,783 | 19,783 | 12,910 | |
| Cash at bank | 14 | 43,719 | 43,719 | 61,420 | |
| 65,002 | 65,002 | 75,830 | |||
| CREDITORS | |||||
| Amounts falling due within one year |
15 | (8,956) | (8,956) | (13,609) | |
| NET CURRENT ASSETS | 56,046 | 56,046 | 62 21 | ||
| TOTAL ASSETSLESS | |||||
| CURRENT LIABILITIES | 636,964 | 636,964 | 641,S18 | ||
| NET ASSETS | 636964 | 636,964 | 641,818 | ||
| FUNDS | |||||
| Unrestricted funds |
636,964 | 636,990 | |||
| Restricted funds | 4,828 | ||||
| TOTAL FUNDS | 636,964 | 641,818 | |||
| Any differences of$1are due | |||||
| to roundings |
| 31.03.2023 | 31.03.2022 | ||||
|---|---|---|---|---|---|
| Notes | f. | ||||
| Cash flows from operating activities: Cash generated from operations |
2,274 | 10,359 | |||
| Net cash provided by (used in) operating |
activities | 2274 | 10,359 | ||
| Cash flows from investing activities: Purchase oftangible fixed assets Proceeds fiom sale of investments |
11 10 |
(46,113) 25,000 |
(233447) | ||
| Interest received Dividends received Additional Income |
3 3 2&3 |
530 366 242 |
1,876 329 275 |
||
| Net ca'sh provided by (used in) investing |
activities | 19,975 | 230,76 | ||
| Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning ofthe reporting period |
(17,701) . 61,420 |
(220,408) 281,828 |
|||
| Cash and cash equivalents at the end period |
ofthe reporting | 43,719 | 61,426 |
| CILIATION OFNET INC |
OME TONE | T CASH FLOW F | ROM OPERATING ACTIVI | TIES |
|---|---|---|---|---|
| 31.03.2023 | 31.03.22 | |||
| Net income for the reporting period (asper. the statement offinancial activities) |
-4,854 | 18,523 | ||
| Adjustments for: Depreciation charges Loss/(Gain) on investments Interest received |
14,226. 5,566 (530) |
13,446 (24,409) (1,876) |
||
| Dividends received |
(366) | (329) | ||
| Additional Income Decrease/(increase) in debtors Increase/(Decrease) in creditors |
(242) (6,873) ~4,653 |
(275) (213) ~5,492 |
||
| Net cash provided by (used |
in) operating | activities | 2,274 | 10,359 |
| DONATIONS, LEGACIES AND GRANTS | DONATIONS, LEGACIES AND GRANTS | ||
|---|---|---|---|
| 31.03.23 | 31.03.22 | ||
| Distribution COVID d19 |
from previous legacy Grants (Restricted) |
192 4500 |
' 36 101 |
| Total | 4,692 | 36,101 |
| BHC | C | will seek any repayments. | will seek any repayments. | will seek any repayments. | will seek any repayments. | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| 3. | INVESTMENT INCOME AND OTHER INCOME | 31.03.23 | 3103.22 | |||||||
| Dividend income ' |
366 | 329 | ||||||||
| ' | Deposit account interest | 530 | 1,876 | |||||||
| Compensation fiom Barclays Bank |
for system failures | 50 | 275 | |||||||
| Total | 946 | 2,480 | ||||||||
| 4. | INCOME FROM CHARITABLE ACTIVITIES | 31.03.23 | 31.03.22 | |||||||
| Residents' contributions |
590,972 | 474,750 | ||||||||
| Funds applied from COVID 19Grants | 13 184 | |||||||||
| Total | 590,972 | 487,934 | ||||||||
| 5. | CHARITABLE ACTIVITIES COSTS | 31.03.23 | 31.03.22 | |||||||
| Charitable. activities direct costs | 586,570 | 498,691 | ||||||||
| Costs attributable to the pandemic |
funded | by COVID 19Grants | 9,328 | 20,526 | ||||||
| Total | 595898 | '519,217 | ||||||||
| 6. | NET INCOME/(EXPENDITURE) | 31.03.23 | 31.03.22 | |||||||
| Net income/(expenditure) is stated |
after | charging/(crediting): | ||||||||
| Depreciation —owned assets |
14226 | 13,446 | ||||||||
| 7. | TRUSTEES' REMUNERATION, | BENEFITS AND EXPENSES | ||||||||
| There were no Trustees' remuneration |
or other benefits for the | year ended | 31March 2023 (2022 | anil). There |
||||||
| were Trustees' expenses off211paid for the year ended 31March 2023 (2022 $,13) | ||||||||||
| STAFFCOSTS | 31.03.23 | 31.03.22 | ||||||||
| Wages and salaries | 398,806 | 358,822 | ||||||||
| Social security costs | 29,897 | 25,512 | ||||||||
| Less Small Employer's Allowance |
(5,000) | (4,000) | ||||||||
| , | Workplace pension costs , Total |
8 021 431,724. |
.. | 7 723 388057 |
||||||
| d | ||||||||||
| During the year the total remuneration average monthly number ofemployees |
for key management was 22.5(2022-20) and |
personnel was f98,189 (2022-F89;736). The no employees received emoluments in excess of |
||||||||
| Z60,000. |
| INCOME AND ENDOWMENTS FROM | INCOME AND ENDOWMENTS FROM | INCOME AND ENDOWMENTS FROM | |||||
|---|---|---|---|---|---|---|---|
| Charitable activities |
|||||||
| Charitable activities |
474,750 | ||||||
| COVID Grants | 36,101 | ||||||
| Investment income and other income |
2,480 | ||||||
| Total | 513,331 | ||||||
| EXPENDITURE ON | |||||||
| Charitable activities |
|||||||
| Charitable activities |
519,217 | ||||||
| Total | 519,217 | ||||||
| Net Income Before Other | Recognised Gains and | ||||||
| Losses | (5,886) | ||||||
| Net gains/(losses) on investments |
24,409 | ||||||
| Net movement in funds |
18,523 | ||||||
| RECONCILIATION | OFFUNDS | ||||||
| Total funds brought forward | 623,295 | ||||||
| TOTAL FUNDS CARRIED FORWARD | 641,818 | ||||||
| 10 | FIXEDASSETINVESTMENTS | 31.03.23 | 31.03.22 | ||||
| Charities Ethical Investment | Fund 42,392.37accumulation | units | 197,133 | 227475 | |||
| (previously 47,895.83) | |||||||
| M&G Charifund 438.582 income units | 6,505 | 6,929 | |||||
| Total listed investments | 203,638 | 234,204 | |||||
| There were no investment | assets outside the UK. | ||||||
| 11. | TANGIBLE FIXEDASSETS | ||||||
| Freehold | property | Fixtures &fittings | Totals | ||||
| COST | |||||||
| At 1April 2022 | 320,538 | 77,489 | 398,027 | ||||
| Additions | 38,323 | 7,790 | 46,113 | ||||
| At 31March 2023 | 358,861 | 85,279 | 444,140 | ||||
| DEPRECIATION | |||||||
| At 1April 2022 | 52,634 | 52,634 | |||||
| Charge foryear | 14+26 | ~14 26 | |||||
| At 31March 2023 | 66,860 | 66,860 | |||||
| NET BOOKVALUE | |||||||
| At 31March 2023 At 31March 2022 |
358,861 320,538 |
18,419 24,855 |
377,280 345,393 |
| THE CRESCENT HOUSE CHARITY | THE CRESCENT HOUSE CHARITY | THE CRESCENT HOUSE CHARITY | THE CRESCENT HOUSE CHARITY | THE CRESCENT HOUSE CHARITY | 1,l | 1,l | ', ' | ', ' | ', ' | |||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NOTES TOTHE FINANCIAL STATEMENTS POR | THE YEAR ENDED | 31MARCH | 2023-CONTINUED | |||||||||
| 12. | STOCKS | 31.03.23 | 31.03.22 | |||||||||
| Stocks | 1,500 | 1,500 | ||||||||||
| 13. | DEBTORS: AMOUNTS |
FALLING | DUE | WITHIN | ONE | 31.03.23 | 31.03.22 | |||||
| YEAR | ||||||||||||
| Residents' Fees |
8,031 | 4,345 | ||||||||||
| Prep ayments | 11,752 | 8,565 | ||||||||||
| Total | 19,783 | 12,910 | ||||||||||
| 14. | CASH AT BANK | 31.03.23 | . | 31.03.22 | ||||||||
| Barclays Bank current and deposit | (4,281) | (4,080) | ||||||||||
| Aldermore Bank on demand |
deposit | 48,000 | 30,500 | |||||||||
| Redwood Bank 35-day notice deposit | 35000 | |||||||||||
| Total | 43,719' | .. | 61,420 | |||||||||
| Each ofthese accounts is covered by the Financial | Services Compensation | Scheme | ||||||||||
| 15 | CREDITORS: AMOUNTS | PALLING DUE WITHIN ONE YEAR | 31.03.23 | 31.03.22 | ||||||||
| Trade creditors | 6,293 | 8,818 | ||||||||||
| Utilities | 1,463 | 3,791 | ||||||||||
| Accountants | 1 200 | 1 000 | ||||||||||
| Total | 8,956 | 13,609 | ||||||||||
| 16. | MOVEMENT IN FUNDS | |||||||||||
| ' ' |
||||||||||||
| At | Net | Movement | At | |||||||||
| 01.04.2022 | in | funds | 31.03.2023 | |||||||||
| Unrestricted funds |
||||||||||||
| General Funds | 636,990 | (26) | 636,964 | |||||||||
| Restricted funds | ||||||||||||
| Restricted Funds | 4,828 | (4,828) | ||||||||||
| TOTAL FUNDS | 641,818 | (4,854) | 636,964 | |||||||||
| Net movement in funds, included |
in the above are | as follows: | ||||||||||
| Incoming | Resources | Gains and | Movement in |
|||||||||
| resources | expended | losses | funds | |||||||||
| Unrestricted funds |
||||||||||||
| General fund . |
617,110 | 586,570 | (30,566) | (26) | ||||||||
| Restricted funds | ||||||||||||
| Restricted funds | 4,500 | 9,328 | (4,828) | |||||||||
| -TOTAL FUNDS | 621,610 | 595898 | ~30566) | ~4,854 |
| Investment income |
||
|---|---|---|
| Dividend income |
366 | |
| Deposit account interest | 530 | |
| Donation and legacie's |
191 | |
| Charitable activities |
1,087 | |
| Residents' contributions |
280,714 | |
| Contributions fiom BHCC |
310+59 | |
| Grants re COVID-19 | 4,500 | |
| Compensation f'rom Barclays Bank |
50 | |
| 595,523 | ||
| Total incoming resources |
596,610 | |
| EXPENDITURE | ||
| Charitable activities |
||
| Wages (net ofCOVID-19 Grants) | 389,478 | |
| Employer's National Insurance |
24,897 | |
| Employer's Pension Contributions |
8,021 | |
| Provisions Premises repairs &gardening |
43,688 48,847 |
|
| Cleaning, hygiene and |
laundry | '17,776 |
| Rates and Utilities | 18,963 | |
| Office costs | 3,668 | |
| Insurance | 12,413 | |
| Acc'ountancy | 794 | |
| Independent examiners |
1+00 | |
| Registration fees |
3,331 | |
| Finance charges | 120 | |
| Tralillilg | 3/80 | |
| Residents' entertainment Other expenses Depreciation fixtures &fittings |
3,643 1,553 14226 |
|
| Total resources expended | 595,898 | |
| Net income/(deficit) before gains and losses |
712 | |
| Realised recognised gains and losses | ||
| Realised gains/(losses) | on fixed asset investments | 5,56 |
| Net income | 4854 |