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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||Sto 11|
|Detailed Statement ofFinancial Activities||12|
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|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.|||
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||||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|
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||||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||||||
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|||||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|
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|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|
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|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.||||||||
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||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|
##
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|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|