REGisfERED COMPANY tYUMBER: 10574995 (England and Wales) REGISTERED CHAIUTY NUMBER: 1172032 REPORT OF THE TRUSTEES AND IJNAUDrrED FANCIAL STATELKENTS FOR THE YEAR ENDED 31 MARCH 024 FOR THE CRESCEKf HOUSE CHAIUTY
CRESCELYf HOUSE CHARITY ONTEiYfs OF THE FINANCIAL sfATEMENTS FOR THE YEAR ED 31 MARCH 2024 Report of the Ito3 Independent Examin&s Report Statem¢ntof Finaucial Activities Balan¢e Sh¢¢t Cash Flow Statement Note5 to the Financial Statements 8toll Detsil¢d Statement of Financial Activities 12
THE CRESCE HOUSE CHARtTY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The Truthes. who 8re also directors of the chaTitable company ("the Charity-) for the purp05¢$ of the Companies Act 2006, preseni their report with the fmancial seMents of the Chariiy for the year ended 3 l March 2024. The TSteeS have adopted the provisions of Accounting and Reporting by Charities.. Statem¢nt of Recommended Prnctice applicable to charities preparing their accounts in accordance with the FiDaucial R¢portillg Stsndard applicable in the UK alld Republic of Ireland (FRS 102) (effective l January 2019). tNCORPORATION The Ckwity was in¢orpoTated as a company limited by guaTantee on 20 January 2017. OKIECTIVES AND AcfivTfiES The object of the Charity ts the relief of women who are infirm, disabled or in need of convalescence by the provision of accommodation. tn fiwtherdllce of ihe object. bllt not otherwise, the Trnstees may provide a residential home. This is done throu¥) the 19-bed residential accommodation and care home at Crescent Holls¢ 108. The Drive. Hov4 E&st Sussex, BN3 6GP. Where vacancies exist at the residential home wbich cannot filled by women, th¢ TTUStees may admit to the residential home men who are infirrty disabled or in need of convalescence. The Tnlee3 have paid due regard to the Charity CotDllLi5SiOll guidatLce on public benefit in deciding what activtties the Charity ¢an und¢rtake. The Ttte5 cousÉder that tlLe Charity has contillued to meet the public benefit requirement in providtDg reli¢f and help in its provisioll of 3ccOOdatioll for peoplE who are infm, disabled or in need of convalescence. This fits within Charitable purp05e5 given the cIltieS Act 2011 and the Trustees consider that there are no undue restri¢tii)ns on who may beD¢fit fro the Charity'5 activities. NANCIAL REw FlnADcial position. Thi5 year tw Seen $igoifi¢ant expenditure of £122.000 on maintsining th¢ fabri¢ of the iwilding. There is fwther work to be done bu¢ fortllllately not (Trn this scal¢. Th¢ Cbartty also ¢ontinued to suffer increased ¢osts on provisions (up 17.50/0). gas (up 512%), ¢ItriCity (up 36JO/o) and staffmg (up 16.9Yo). Our tota] exp¢nditure was up £181,240 (up 30.4Lhb ) larg¢ly due to tb¢ buildiog repairs butnoneth¢less suli to b¢ funded. Fee incorne for this year recovered by £98,603 on l&st year (up 16.7%) wht¢b w&$ an excellent performance. Th8t tmprovement was as aresult of fee increases per room and the benefit of the extra tncome from a full yvdr of having our two new rooms Availabl& The Charity had to withdraw another £40,000 from its investments this year to partly cover the costs of the building maittienance. After that withdrawal the tnvestments are showing & net decline in value of £14,934 (£30.566 l&st year) but an illvesttllent improvetnent of £25.066 eompared to an investmellt decline of £5.566 last year. They have held up well despite the global tunnoil. AS at year end the Charity still had £188,704 invested {£203,63D. The net rnovernent in fidS for this yeaT was a deficit of £60,098 (deficit of £4,854) alI attributable to the property lltaintenallce progr8rllme. Pay xttd R¢muner#¢ioo Whtle tbe rllajority of the staff have their salary linked to the Nation81 Mitiimum Wage, the senior aDageLellt pet%onnel at the care home are paid a percentage above that level. All of the salaries are subject to at least annual review by the Tn]stees in conjunctioll with the Manager of the hoTn& Reserv&s policy The Trustees consider the fmancial position of the Charlty to bo satisfactory 8]though obviously weaker thao last year. The Trustees, policy is to hold a of tbree months, expenditure covered by unrestricted reserves. While our totsl expellditure this year was £777.138 that included £122,000 of exceptional expenditure on the propety. The net operdtional total expenses would bave been £655,138 which would requir¢ minimum net unTestricted reserves of £163.785. Th¢ Charity is holding £18.748 cash. plus £188.704 of investments kIllg a total of £207,452 in our unrestricted T¢5erve& equivalent to 3.8 months. cover (4.98 l&st year). Although the reserves are reducel th¢ Trnstees aT¢ salisfi¢d that the r¢s¢rves are sufficient. It is the policy of the ChaLity ID invest sllrplus monies in tbe Ethi¢al Fund of th¢ chari11 Official Inv¢sltnent Fund (cotF) and in the M&G ChaTifun(t although llo new iuvestw¢nis ar¢ propos¢d for this p¢riod. Tbe5¢ investment fid5 are held as the Charity's resetve to cover ¢x¢¢piional ullfores¢¢n exp¢llditure and io th¢ event of a $XgnifII drop in income over a period of titne.
THE CRESCENT HO SE CHAIUTY REPORT OF TRUSTELS FOR THE YEAR ENDED 31 MARCH 2024 eontiDu¢d FUTURE PLANS Once the home is back to thller regular occupancy and subject to further fidIng reviews. it is still th¢ Trustees, intention to conv¢rt th¢ currently unused second floor illto a traiuiDg area and rest room for the staff. Prior to undertaking thi5 proi¢cL th¢ opportuTrtty will be tskenio UFKlate one of the bathrooms. Conelusioll The Trnstees would ITk¢ to express their sincere appreciatiotL to the rnanagement and staff of CTescent HO8¢ for the way they have Carried out their duties alld cared for the residcDt4 particularly during the extensive buildiog WOTks undertaken in the latter half of this year. STRUCTURE GOVERNANCE AND MANAGKMEiYr GoverniDg doeument The Charity is controlled by its memorandu & Articles of Associatio and COnstit&S a limited company. Iimtted guardDte¢. as d¢fin¢d by the Companies Act'2(x)6. Constithtlon The Charity was ineorpornted on 20th January 2017 but rernalned dorniant Until 1st OctoEer 2017. It fornjally represents the incorporation of the charitable trusL The Crescent House Charity (Charity Registration Number 2306791 The Charity is the successor Ix)dy to th¢ original rlwtty and wa5 registcred with the Charity Commission on 14th Matrh 2017. The nuTllbEr of TTus¢ees shall be not les5 than three and not more than twelve. One third (or th¢ Dumber nearest on¢ third) of th¢ Trustee5 Inust retire at each AGM bu( if eligibl4 may be reappointed. The current Trllst¢ are due to retire as folEows:_ John Puttock and Gillian Saryudeen at the AGM due in AUgt 2024. Jon Morgan at the AGM due in August 2025. Bob Overtortr-Hart aThd Rosie MorgHn at the AGM due in Augiist 2026. New tTUStees are identified and appointed by the existing Trnstees. The Chair of the Tnjstees is responsible for the ioduction of any new Thistees, which ijkvolves awareness of a trustee's responsibilities, the governing documeJLt, administration procedures and the history and objects of the Charity. A ]Lew Trustee receives a copy of tbe previous year's annual report and accounts and a copy of the Charity Commx&8ion leafleL 'Yhe Essential Trnstee-what You Need to Know-. The Charity is I11d by guardntee and hence no slwes hav¢ be¢Th i35ueiL Eath TTusl¢e is 4150 4 memlr of the Clwity aDd there ar¢ no other metDbers. In tb¢ event of lh¢ Cbarity being wound up or otherwise dissolve th¢ liability of th¢ members by way of guarantee is lilted under ¢laus¢s 10 Ond 11 of the M¢m0TandU of Association to an amouut no¢ ¢x¢¢ediug £1 ea¢h. No Trust¢¢ has ally kn¢fi¢ia] inl¢r¢s( in the Chwity. The Chainnan and the Treasurer handle the d&y-tfrd&y administration of the Charity. The Trustees meet approximately every three months to review the ChaTitys acttvitie5, mana¥erncnt accounts and any staff or resident issues. Mw]gg¢m¢t]t accounts are circulated Tnonthly. The day to day Tunning and management of the home is the responsibility of the rnanager, Mrs Theresa Mcneill. Also, each month a tnT5t¢e ViSTts ihe home and formulat¢5 & report for the other (n]stee5. C4)vering the six main areas of staff, resideThty occupancy. Frnises, events and Mplaints (if any). Risk Th¢ major risk is that wè bave no residents. We have I I moms that can be occupied"either by council funded residents or privately. Chjr rates are tbe most competitive in the area and we have maititained a Minimu of ocojpancy througboul the home this year. The Trustees continue to monitor the occupancy levels and ¢ou$ider furth¢r adv¢rti5iIl& Fir¢ is 8 substantial risk. W¢ have 18 fire tinguISher8 {wat¢r, C02 and chefftical) around the buildlng plus a fire blankeL All extinguisheT3 ar¢ servirxd annually. and the 5faff undergo Iraining every 6 onths. Each iesident has a peT8onal eva¢uatiOll Protection plan. Infection 1$ the other major risk, but thc ho¢ is ¢1&7ned thoroughly daily. Health and safrty ]DsptiOnS aTe regularly catri¢d out and a¢tiou is tsken to ensure that any r¢couun¢ndations are followed. The CQC atso ¢arries out T8nd( tnspectrons which h&ve been enti[Y aceeptable. and any observaii(trns quickly resolved.
THE CRESCENT H REPORT OF THK TRU EES FOR THE YEAR Ef4DED 31 MAR H 2024 coutittu REFEREL¥CE AND ADMINISTRATIVE DETAILS Reglstsred Company tr 10574995 (ETrglattd alld Wales) Registered Charity Number 1172032 Registered Office 108 The Drive Hove BN3 6GP Trustees Mrs K E Morgan Dr J W Morgan R J Overton-Hart J E Puttod( Mrs G Sariudeen Chair J E Puttock Compally Secretsry J E PllttocL Treasurer I J Rcrosthwaite. . Independent Examiner Dr Shona F Wardrop C.A. CbariotHouse LImitj Chartered Accountsnts 44 Grdnd Parade Brigbton BN2 9QA SolieitOTS DMH Stallard incOOrating Griffith Smith LLP 47 Old Steitle Brightojk BNI INW Prlncipal Bank¢rB Barclays Bank plc. 1391140 Nortb Street Brighton BNI IRU. Approved by order of the Board of Truste¢s on 16th September 2024 and sigDed on its behalf by:
EPENDXNT EXALWIINER'S REPORT TO THE TRUSTEES OF THE CRESCE HOUSE CHARrrY IndepeDdent Examiner's report to the Trustee5 of The Cres¢¢nt House Charity"Cthe Cotnpany I teportto the eharity Trnstees on my exaTDination of the arcourtts of th¢ Company fortheyear ended 31 March 2024. Res91111fIeS basis of report As the clwitys Trngtees of the Colnpatty (and also its directors for the purposes of ci)mpauy Jaw) you are responsible for thepwaration of tbe accounts in accordance with the require¢ts ofthe Compallies Act 2006 Ohe 2006 Ace). Having satiSfd myself that the accounts of the Company are not required to be audited under Part 16 of the 2(6 Act and are eligible for independent eXa[niatiOn, I report iti respect of my exainination of your charity's accounts as catried out under section 145 of tbe Charities Act 2011 ('the 2011 Acl,). In carrying out my. eKitntnation I hav¢ foll¢)wed the Directions given by the Charity Commission under section 145(5) (b) of the 201 l Act. Jndependellt ¢X#miD*s statement Since your ¢harity's gross income exceeded £250.000 your examiner must I a membeT of a listed body. I ¢an confirm thar I am qualified to undertake tbe examination because I a registered member of the Institute of Chart¢red AecourtlaDts of SC4and, which 1$ one ofthe listed IKJdies. I h&ve completed my examination. l ¢onfinn t[l no hav¢ cotue to my attention ill a)Dllerfion with the examination giving me ¢aus¢ to believe: accoulltingT¢¢OTd5 were notkept in r&qpect of the Company as required by s¢c¢ion 386 of the 2(M)6 Ac¢.Dr tbe accounts do not accord with those records. or the accounts do not comply with the aceountÉng Tcqllirements of section 396 of the 2(M)6 Act ¢)ther than aTry requirement that the a¢¢owits give a true and fair view which is Thot a matter¢oThsidered as part of al independent exwninatioD' or the accounts have not been prepared in accordanee with the methods aod prillcipl&s of the Statement of Recommended Pradice for accounttng and reporting by Charities [applicable to ch8rtties preparing their accounts in accordance with the Financial Reptirtirtg Standard applicable ill the UK and Republic of IrelaDd (FRS 102)]. I have no ¢oncerns and bave come acros$ no other tter3 in connection with the exatntllation to whith attention sELould be drdwn in this report in orderio enable 4 properunderstanding of the accounts to be reache(L Dr. ShoDaF. Wardrop C.A. Chariot House Limited Chartered Accountants 44 GtId Parade Brighton East Sussex BN2 9QA Dale.. LF........................2024
THE CRLSCENT HOUSE CHARrrY srATEMENf OF FINANCIAL ACTEvrrIES CORPORATING AN INCOME AND EXPE]WITURE ACCO FOR THE YEAR ENDED 31 MARCH 2024 31.03.24 31.0323 Fund5 Fulld8 INCOME AND ENDOWMENrs FROM Charitable activities DonatioS legaci&8 & gr lrtvesttnent tncome Other Income 689575 374 I5 689515 374 U125 590.972 4.692 896 50 Totsl 691974 691J74 596,610 EXPENDITURK ON Charitable activities Clwitsble activities 777.138 595.$98 TotAI 777 138 Net Income Mdore Other Rrynised Gains Loss¢5 (85.164) (85,164) 712 Net gaIn(lO55) on io 25.066 25066 (s66) Net movement im hnds 16 (60.097) {60,097) (4,854) RECONCILIATION OF FUNDS Totsl fuDds brought forwdrd 636. 641.818 FORWARD 57&867 636,964 Apty of£1 are due to rowidingy
THE CRESCENT H USE CHARfTY BALANCE SHEET AT 31 MARCH 2024 31.03a4 31.0323 Fuods FIXED ASSETS Tan7)le a ]nvestments Not&s 368.429 188.704 368.429 188.704 377280 203,63B io 557.133 557.133 580.918 Stocks Debtors and prepaymellts Casb at bauk 1s( 11479 18.748 31727 1.500 19,783 13 14 12.479 18.748 32,727 65.002 CREDITORS Amounts falling due within one ye4T 15 {iiw) (12,934) (8.956) iYET CURRENT ASSETS TOTAL ASSETS LKSS CURREiwf LIABILITILS 576.867 576.867 636.964 NET A&SETS Unrtttrictrd futsth Rethtcted fvnds TOTAL FUNDS Ary dii terencu of£1 are due lo round 576.867 636,964 YIA867 636.964 The Charity is artitled to exemptioD from audit under Section 477 of the Cwiies Act 2(K16 for the year ended 31 Mh 2024. The members have Dot required the Charity to oljtaill all audit of its financi statanats for the.year ended The TtU5t¢es acknoivleJJg¢ their resw)nsibiliti¢s for (a} (b) ensuring that the Charity acuntillg records compty with tiOns 386 and 387 of the Comwdnies Act 2)6 and preparing financial ststements which give a trne and fair view of the state of affairs of the Chlty &s at the end of eath financial year )d of its surplus or deficit for each fitwicial year in accordanee wxth the requirements of Sectiotts 394 and 395 al wllieh otherwise eompty with th¢ r¢quir¢Tnabts of th¢ Comp1¢$ A 2006 to financial Sts(em. so far &$ is applicable kn the Charity. These financial ststements bave been in XC0rd with the wial PnWiSiODS of Part 15 of the C4)mpanies Act 2006 relating to tharitsble small companie5. Th¢ sfatements w¢r¢ appD>V by th¢ B(wd of Tnts 16th septemb 2024 ajxi w¢r¢ sigued on its behalf J E Puttock.
E cRENT HOUSE CHARrrY CASH FLOW STATEMENT FOR TIiE YEAR EL¥D£D 31 MARCH 2024 31.012024 31.03.2023 Notes Cth liows from operatiug 4¢¢ivities: CaslL genetated from op¢ratiOll5 Net cash provlded by (used 5ll) operatlDg activhies Casb floivs from iDve5ting xetiyities: Purchase of tsngible fixed assets Proceeds from sale of investments Inlerestreceived Dividends r¢ceAved Additional In¢ome li io (46.113) 25.000 530 366 242 40.000 1,632 393 374 Net ¢ash provlded by (used in) investlDg actlvlti¢s 42 19 75 CbIge ljh cash and equlv21ents the reporting period Cash and £ash equivl¢nts #t the b¢g&nNSng of the reporting pcriod (24.972) (17.701) 43.719 61.420 Cash aDd egsh eqllivleDts at the end oftb¢ r¢w>rtimg period N(yfES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2024 RECoNCILTIo1¥l OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 31.(II2024 31.0323 Net Intome fortbe reportlng perlod (as ptr the ststsmelll of fln4ndal aetfvttles) Adjustments for: Depreciation tharges Los51(Gain) on investments Interest received Dividends received Additional Income Decrease/(Incrv&8e) in debtors -6097 4854 8,851 (25.066) (1.632) (393) (374) 7J04 14226 5.566 (530) (366) 1242) 16.873) 4.653 Net eash provlded by (used in) operathig aedvltlL8 67 71
THE CRESCENT HOUSE CHARrrY NOTLS TO THE FINANCIAL STATEMEN75 K)R THE YEAR ENDED 31 MARCH 2024 ACCOU1[NG POLICIFS B#si8 of preparing the fin8Theil statements The finoncial statements of the Charity. which is a public ben¢fit ¢niity &s defined ty FRS 101 have been prepared tn accordance with the CtrLarities SORP (FRS 102) 'Accounting and Re[]ng by Charili". StatenLent of Re¢ommmd¢d Pr#etic¢ applicable to chariti&s weparing their accounts ID a¢[dance with the Financial Reporting Standard appli¢abl¢ in th¢ UK and Republic of Ireland (FRS 102) (effectiv¢ l January 2019),. Financial Reporting Stsndard 102 The FiDanciaI ReFKJrting Stsndard applicable in the UK and Republic of Ireland. and tELe G)mpanies Act 2. The finkncial ststrments are prepared in Sterlin& whi¢h is the fiJllctionaI currency of the Charity, and are rounded to tbe nearest pnd. 'They have Iwi". prep8Trd under tbe historieal eost convention. with the eXc¢pl1 of whith are included at market value. IDcom¢ All income is recognised in th¢ Stat¢m¢nt ofFinancial Activities on¢¢ th¢ Chority h&8 entitlement to th¢ fund4 tt 1$ probable that the income will be rweivaL and ihe amount can be Tnere1 reliably. Expelldlture Liabilities are re¢ognised as eXndi1Ure a$ 500n as is a legal or conslThctiv¢ djligaiiou comtnitting the Charity lo that ex)d]lUre, it is probablc that a trdn5f¢r of ewnomic benefits will reqTr in s¢ttlement and the amount of the obligation ¢an be me&sured reliabty. ExF¢nditure is accounted for on an a¢¢ruAls b&sis 8nd has been classified un¢kr h¢ading$ that ag8regalc all costs related to the category. Where costs cannot be dir¢cily attributtyj to particu]ar Iwling4 they have been alloCatyJ"to,1¥itleS on a basis consi&¢n¢ with the use of resources. BAsfie FIDnelal Instruments The Charity has only fjnancial &8scts and financial liabiliti¢5 of a kind that qualify as basic finat)¢ial instsiunents. Basic financial instruments are injliolly r¢co8niscd at transaction valu¢ and are subscqu¢ntly measured at thctr settlement value. TAnglbie fixed 488¢ts Deprtciation is provided on the fj[c5 aDd fittings at 21Ph on cos iti (vd¢r to write off each a58¢t ovcr fivo Stocks Stocks are valued at tho lower of coBt and net reaiisable valu Taxatlon The Charity is COrn8idered to p&ss the tests s¢t out in Paragrnph I Schedule 6 Finance Ad 2010 and therefore il meets the definition of a charitsble compaDy for UK CO)ratIon Tax put$. Accordingly. the Charity 15 poteutially exempt from thxation in respecl ol in¢ome or capitsl gaiDS reccived within categories ¢overed by Ch8Ptcr 3 Part l I Colrat7 Tax Aci 2010 or Section 256 of the Taxation of Charg¢abl¢ Gains Act 1992. to the exttthat such income or gains aff applied exclusively dwitsble purpo Fund accounting Unrestrictcd funds can b¢ used in accordance with the charitsble objectives It th¢ disud)n of the Tnths. Restricted funds can only be w8ed for restrictrd purwjw within the objeots of the Charity. Reslriclions arise when specificd by thc th>nor ( when funds are rdised f(* r&ICted PU Forther expIanation ofthe llature 8nd purpose of each fund 15 included in the note5 to the fllwi¢ial slalements. PensKon costs other post-retlrenent btllefjts The Charity operates a defined contnl)ution pSlon s¢heme with NEST. Employer contributions payablc to the ChArity's pcnsion scheme (¢urrentty 4% of the eligibl¢ camillgs of the m¢rnbers of the Cbarity's workplace pension 5¢beme) are chargcd to the St2tetnent of Financial Aclivitits in the period to which they relate. Jwlgem¢nts and key sources of ¢81imxtloD uneert4inty In th¢ applieation of the Charity's accounting policies, th¢ Charity is requiTfAI ¢0 lljake judgements. estimat&s and assumptions about the crying value of assets and liabilities that are not readily apparent from other sources. The estiJn8t& and a13ted aSsUOiS are based on bisiorical experience and other factors considerryj to be rclevant. Acts]al results th.ffer from th¢s¢ estimates. There aTC no estimates or a8Sllmptions that are CODsidered to have a significant tisk of causing material &Jjustmcnts to the financial statements in a future period.
THE CRESCENT HOUSE CHARITY NOT THE FINANCJAL STATEIVIENTS FOR THE YEAR Ef4DED 31 MARCH 202Lk CONTINUED ACCOUNTING POLICILS CONfiNUED GolDg eoDeerD The Trustees consider that there are no Jnaterial uncertainties about the Charity's ability to ntInue as a going concern. Income from trddtng actiyities has recovered following the lifting of Covid restrictions and the new Tooms beillg available from June 2022. The ThIstees are very confident in tbe Charity's ability to continue as a going ¢on¢em. There are no material uncertainties affecting the yearfs a¢¢ount& Dof4ATIONS LEGACIES AND GRApr8 31.03.24 31.03.23 Distribution from previous legacy covtD 19 Grants (Restricted) Donations Totsl 192 4.500 374 374 4,692 INVEsfMEiYf INCOME AND OTHER INCOME 31.03.24 31.03.23 Dividend income Deposit account interest Compensation from Barclays Bank fOrySte failures Total 393 1.632 366 530 50 946 2,025 ll¥COME FROM CHARrrABLE ACTLVITIIS 3124 31.03.23 Residents, contributions Total 689 575 590.972 CHAIUTABLE ACTIVITIFS COSYS 31.0124 31.03.23 Charitable activities dirt Costs Costs attributsble to the pandctnic fimded by COVID 19 Grants Total 777.138 586.570 9.328 595,898 777.138 NET c011(EXPEND1TuRE) 31.03.24 31.03.23 Net incomeJ{expenditure) 15 5thted atler¢hargIn(edlt[llg). DepreciatiOD- owned assets V51 14226 TRUSTEESI REMUNERATION, BENEFITS AND EXPENSES There We no Tru5tees' remiItieration or other benefits for the year ended 3 l March 2024 (2023 £nTI). There were Trustees, ¢xpse5 of £37 paid for the ycar ended 31 March 202412023 £211). STAFF COSTS 31.03.24 31.03.23 Wages and salaries Social secwity costs Less Small ErnployEr'5 Altowance Workplace pension costs Totsl 454,489 31,002 {5.000) 8.047 398,806 29,897 (5,000) During tbe year tbe total Temuneration for key mallag¢m¢D¢ p¢tsoDn¢l was £104.452 (2023-£98,189). The average montbiy number of employees was 25.1 (2023-22.5) aud no employ re¢eiv¢d emoluments in excess of £60.(M)O.
THE CRESCENT HO E CHARITY NiJfES TO THE FINANCIAL STATEMENTS FOR THE ENDED31 MARCH 2024- CONNNUE COMPARATIVE PEIUOD SOFA STATE NT OF FTNANCIAL ACTIVITIES CORPORATING AN INCOME AND EXPENDITURE ACCO FOR THE YEAR TO 31 MARCH 21123 INCOMB AND ENDOWMENTS FROM Charitable activities Charitable activities Don*ions, l¢ga¢ies and grants Investment iTrcome alld other income 590.972 4,692 Total EXPENDITURE ON Charitable adivities Cltaritable activities 596.610 Tolal 595.898 N¢t In¢om¢ Before Other RecogDised Gains 8Dd 712 Net gaiDsI(10&8e5) on investments -5,886 Net rnovement in funds RECONCILIATION OF FUNDS 4.854 Totsl funds brn)Jght forward 641.848 TOTAL FUNDS CARRIED FORWARD 636 964 10 FIXED A&SET INWEsfMENTS 31.03.24 31.03.23 Charities Etbical Investment Fund 34.657.97 accumulation utllts (previously 42,392.37) M&G ChaTifund 438.582 income Totsl listed investments If2.318 197,133 6,386 18&704 203.638 There were no inveslment assets outside tbeUIQ 11. TANGIBLE FIXED ASSETS Freehold propety Fixtures & fittings Totals cosr At l April 2023 Additious At 31 MaTdJ 21n4 358,861 85.279 .444.140 358.861 85.279 444.140 DEPRECIATION At l April 2023 Charge foryear At 31 March 2024 66,860 8.851 75.711 66,860 8,851 75,711 NET BOOK VALUE At 31 MarclL2024 At 31 March 2023 358.861 358 861 9,568 18.419 36&429 377,280 The propety at 108 The Drive has been rdlued at cost io
THE CRESCENT HOUSE CHAIU OTES TO TATEMENTS FOR T NDED 31 MARCH 202& coNr 11 STOCKS 31.0324 31.03.23 StsKks 1,500 13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.03.24 31.03.23 R¢sid¢nts' F¢ Prepaymort8 Utilities Total 1,035 10,604 840 11479 8.031 11.752 19.783 14. CASH AT BANK 31.03.24 31.03.23 Barclays Bank current And deposit Aldemiore Bank OD demottd deposit Total (39.252) (4,281) 1&748 43,719 Each of th¢s¢ 8cwunts is covered by the Fioan¢ial Seryica4 Compensation Scknemo. 15. CRKDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.1)&24 31.03.23 Trade crcditors Utilitics Residents AccountAnts Totsl 9,814 1,121 859 6,293 1.463 11994 8,956 I& MOVEME IN FUNDS At 01.04.2023 Net Movement in fUlS At 31.03.2024 Unrestrlcted tllnds Gen¢rdl Funds 636.964 (60.097) 576,867 Restricted funds Restricted fiund5 636.964 (60,097 576067 Net movement in fithds. included in the above are as follows: Inco]ng Resources Gains and 1053e5 Movement in Unrestricted fuDds General tund Restricted funds R¢stricted n05 691,974 777,138 25,066 (60.098) 691974 17. RELATED PARTY DISCLOSURES wtte Do relat paTtytrns&ctiotts for the year ended 31 March2024 (2023 'knil'). li
THE CRESCENT HOUSE CHARTrY DETAILED STATEMENr F FINANCIAL AC AR NDED 31 MARCH 2024 Illvestment lucome Dividend in¢ome D¢posi¢ a¢count intert Dollatioms and kgacies 393 1,632 374 2,399 Charltsble acttvltles Residents, contributions Contributions from BHCC 364,031 689 575 Totsl IN¢omlng resovrcey EXPEI¥DITURE Ch#rlt4ble actlvltles Wagcs Employer's National ljL8urate Bmployer's Pension ContributiorLS Provisions Prerntses repairs & 8ardenin8 Cleauin& hygiene and laundry Rates and Utiliti¢$ Office costs Insurnnce Accountancy Independt examine Registrntion fees Financo charg¢s Training Residents, oniertainmenl Other ¢xpcnses D¢pr¢¢iAlion rtUreS & fittings TotAI resour¢v ¢xpemded 454.489 26.002 8,047 51,631 154.186 19.513 24.872 3,976 ii.ioi 896 1,2¢)0 2.827 I03 3.511 4,303 1,630 777,138 Net in¢omel(defi¢it) before gaiDs and loss R¢allsed re¢ognlsed lD5 and 1058es Realised gainsl{Ios5es) on red &sset inv¢sttn¢nts Net Income 12