COMPANY REGISTRATION NUMBER.. 03588496 CHARITY REGISTRATION NUMBER: 1189976 Crest Co-operative Ltd {charity) Company Limited by Guarantee Unaudited Financial Statements 31 March 2021 JONES & GRAHAM ACCOUNTANTS 'AAJZDV08• 23112r221 COMPANIES HOUSE Chartered accountants 45 Vale Street DENBIGH Denbighshire LL16 3AH A10
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Crest Co•operative Ltd (charity) Company Limited by Guarantee Financial Statements Year ended 31 March 2021 Page Trustees, annual reFort (incorFMJrating the diredorfs report) Chartered accountant's port to the board of trustees on the preparation of the unaudited statutory financial statements Statement of financial activities (includiro income ar expenditure account) ststement of financial position Noles to the finanaal stalements 10 The following pages do not forni part of the financial statements Detailed stalement of financial activities Notes to the detailed statement of financial activities 25
Crest C04)perative Ltd (charity) Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) Year ended 31 March 2021 The Iruslees. who are also the directors for the purposes of company law. presenl their report and the unaudited fInarla1 slalemenls of the charity for the year ended 31 March 2021. Rèférèn¢o and administrative d•tails Registered charity name Crest Cw)erative Ltd (charity> Charity registration number 1189976 Company r8gistration number 03588496 Principal office and reglstered Unil 2 Briertey House office Ferry Farm Road LlarKludno Junction Conwy LL31 9SF The trustees Mr M Thompson Mrs K M Baker Mrs A K Burke MrLJCox (Appointed 1 July 2020) (Appointed 1 July 2020} Company gecretary Wendy Williams Accountants Jones & Graham AcctyJntants Chartered accountants 45 Vale Street DENBIGH Denbighshire LL16 3AH
Crest Co•operative Ltd {charlty) Company Limited by Guarantee Trustees. Annual Report (Incorporatlng th• Directofs Report) (ety7thu•d) Year ended 31 March 2021 Structure. governance and managem1 Crest Co-operative Ltd is governed by a voluntary board of TrLtstees.- during the last reporting year. four were registered trustees {including the Chairman) and one other was co-opted onto the board of Trustees for a period prior to being approved at our next AGM lJanuary 20221. Anolher potential Truslee is being interviewed by the Chaimian on 1111121 as wt of our drive lo have a lull board of 7 Trustees. The boord of Ttee5 has met quarterty by Ve0 link (due lo Covid eonlrol measures) in the18sI year. The Senr Management team {Managing Direclor, strateg Business Devdopmenl Manager and the Finance Manager) submit monthly reports to the Trustees and attend the quarterty Trustee meetings lo answer queries. discuss and vote upon strategic decisions outside of the scope of everyday operational decision making. Minutes of meetings are kept by the Company Secretary. Al management rewrts are filed on central server and indude the followng informatK)n.' Financial HR I Wellbeing Health and safely Departmental performan Operational Ltpdales Project development Grants and contracts
Crest Co•operative Ltd (charity) Company Limited by Guarantee Trustees, Annual Report (Incorporating the Directorfs Report) (CMllnu•d) Year ended 31 March 2021 Objectives and activitles objeclNes of the Chanty are SpeCrf1IY restricted to the follwng.. al To advance educatn. training and volunteering particulady for people with disabilities or in need by reason of their social or ecoTh)mi¢ CirmstanCes. bl The prevention or relief of povety by recyding I reuse and proVisn of furniture. clothes and other household items to indivi(Juals in need andlor charities. or other organisalions working to prevent or relieve povety. cl The relief of Unem0yrnent for the benefit of the public in such ways as may be thought fit. including assistance lo find ernOyMent. dl To promote social inclusion for the benefrt by preventing people from becomiThJ socially excluded, relieving the needs of those people who are xKialty exduded and assists.ng them to integrate into society- For the purpose of this dause 'socially excluded. means beiNJ excluded from socty. or parts of sociely, as a result of one or more of the followiro lactors." unemployment- financial hardship," youth or old age. ill health (physical or mentall.. substance abuse or dependeY induding a1h01 and drugs., discrimination on the grounds of sex. race. disability. ethnic orwJin, religion, belief. creed, sexual orientation or gender re-aSsnMenl- poor educational or skills attainment.. relationship and family breakdown.. wor hwsing Ith21 is housing that does not meet basic habitable standards.. crime leilher as a victim of crime or as an offender rehabililaling into sLXty>. e) To promote such other charitsble purposes as ItE trustees may from lime lo time detemiir.
Crest Co-operative Ltd (charity) Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) (conlinuè• Year ended 31 March 2021 Achi•vements and pérfomiance Due lo the persIstere of the Covid pandern, 2021 commenced vilh a 3 month lockdown which, once again, presented signrficanl challenge5 throughout our organisation.. furthermore. additional challenges materialised later in the year affecting the whde economy. including ourselves. Despite these issues. we continued lo explore opportunty when rt presented itself" as wrth 2020 we have made Snlcant progress during 2021, furthering the strategy and objectives sel out in our governing document. Whilst we have mel all of our objeclNes in lesser degrees Ihal Fyevious years {dLFe lo reduced activity as a result of Covid).. new opportunilies have malerialised in an environment continually changing as a result of the pandemt. prompting the Senior Management Team to maintain focus on our core objectives and our position wlhin an unsetued economie landscape. During 2021, the following rKJtable outcomes were achved. Furloughed staff continued lo receive wage top to 100¥0 up as the Govt. contribution reduced.- Secured £463k from WG for the further development of the Happi-tat workshop concept", the grant eovers both capital and revenue experKliture and enabled the acquisition of 3 Gloddaeth Si, Llandudno. Opened our third Community Reuse store on Wellinglon Rd, Rhyl-, also securing a contract to let the upper ffloor to the Probation Service. 6 partKipanls recruited under the Govl. subsidised Kick Start prograrnme. Several grants were accessed to enable financial resilience and continued growth post COVID - Post furfoughlrelurn to work plan5 developed in consuttalion with staff. - An in-house team of wellbeing champions was trained I developed with supwrt from RCS following our successful participation in a pilot Red Dol 365 business wdlbeing survey. Increased placements in the SAP (Supported Abilitie5 Team formerty Work Opps) and established partnerships with Goggaelh School and Youth Service. - Secured an additional Probation serv Community Payback onlra¢t for 2021122. Esta1Shed the Crest food bank and Community Fridge scheme. - Enhanced our training depl. th Pathways, Kick Start and CP initiatives. 2021 was considerably tougher on our staff. particul*ly the effect of a 3 month Icddown during January. February and March. Staff wellbeing remained a primary focus for the SMT as indicators of diminished wellbeiTrJ began to materialise.. that said. the resilience. comrnitmenl and coileclNe 'can do, attitude of the team during another lesling year musl be acknowledged. Our updated business FAan Specffja1IY outlines opportuntties. developments and objecb.ves for 2022. whilst also conlribuling lo the delivery of our loro term vision and the charitable objects of the organisation., 11 remains the Working template for our suslainaNe future beyond Covid. focusing on consolidation of our core objectNes of education. training, votunleering. relief of unemployment. prevenlionlrelief of poverty through reuse and social indusion by playing to our strengths, adhering to our values, Setting realistic objeclives and, ultimately. delNering our mission.
Crest Co-operative Ltd (charity) Company Limited by Guarantee Trustees. Annual R•port (In¢orp¢xating the Directorfs Report) (¢*)rfi•) Year ended 31 March 2021 Financial review The company's IufMver has increased for the fourth consecutive year. increasing from £837,626 in 2020 up lo £957,407 for the year ending 31 March 2021. This represents an increase of 14%. The total expenditure has increased by 8% from £816.982 in 2020 to £885,241 in 2021. A5 a result, the company has achieved a surplus of £72.166 during year ending 31 March 2021. compared lo £20.644 in the previous year. These results are very encouraging with il Ing the company's fwsl yeaf as a registered charty. eSpeCllY after such a chlenging year due lo the covid pandemic. We expe¢t there lo be further changes to the tumover and direct costs fw the year ending 31 March 2022 as some of the trading activities are transferred over lo the Tr8Y incrffproaled subsidiary Crest Trading Stores Ltd. Small company provisions This report has been prepared in accordarte with the provisions aptsbIe lo companies enlilled lo small companies exemption. oli&l&i The trustees, annual rek%NI was approved on .............................. and swJned on behaw of the board of trustees by.. Mr M Thom Trustee on
Crest Co-operative Ltd (charity) Company Limited by Guarantee Chartered Accountant's Report to th• Board of Trustees on the Preparation of the Unaudited Statutory Financial Statements of Crest Co-operative Ltd (charity) Year ended 31 March 2021 As described on the stslement of financial position. the trustees of the charity are responsible for the preparation of the financial stslements for the year ended 31 Mareh 2021. which comprise the slalemenl of financial activities {induding income and expenditure account). statement of financial position and the related notes. You consider that the charity is exempl from an audft under the Companies Act 20(. In accordarKe with your instructions we have compiled these financial slalemenls in order to assist you to fuKil your statutory responsibilrties. from the ?oUnting record5 and from infomation and explanations supplied lo us. JONES & GRAHAM ACCOUNTANTS Chartered accountants 45 Vale Street DENBIGH Denbighshire LL16 3AH
Crest Co-operative Ltd (charity) Company Limited by Guarantse Statement of Financial Activiti•s (including income and expenditure account) Year ended 31 March 2021 2021 Restricted funds Total lunds Tolal funds 2020 unStricted funds Not• Incorno and endowmènts Grants receivable Trading activilies Investment income 456,707 500.530 170 456.707 5Crf),530 170 153.183 683,797 Total Income 957.407 957.407 837.626 Exp•nditur• Expenditure on raising funds: Costs of other trading activitie$ Expenditure on charitsble activities Other expenditure Taxation 128,848 837.944 128,848 758.211 153.057 664,510 1708) 123 (79.734) 10 11 32 Total expenditure 966,824 (79,734) 887.091 816.982 Net Income and not movement In fvnds (9.417) 79.734 70.316 20,644 Rewnciliation of funds Total funds brought forward Total funds Garried forward 308,230 308,230 287.586 298.813 79.734 378,547 308.229 The stslemenl of financia actNilies includes all gains and losses reLvJnise(l in the year. All income an(J expenditure derive from conlinuing activilies. The notes pag•s 10 to 20 fomi part ofth•M fin¢131 statements.
Crest Cowoperative Ltd (charity) Company Limited by Guarantee Statement of Financial Position 31 March 2021 2021 2020 Note Fixed a$$•ts Tangible fixed assets 15 1.325.699 898,605 Current ossets Stocks Debtors Cash at bank and in hand 16 17 1S.732 216,788 376.418 16,454 145,495 395.833 608,938 557,782 Credltors: amounts falllng due tlthhin one y•ar Net current assets 18 73,873 53.821 535,065 503,961 Total assets less curr•nt liabiliti•s 1,860,764 1,402,566 Crgditoys: amounts falling due after more than one year Net a¥s•ts 19 1.482.218 1.094,336 378.546 308.230 Funds of ihe charity Restricted funds Unreslricled funds 79,734 298.813 308,229 Total Gharity funds 24 378.547 308,229 For the year ending 31 March 2021 the charity was entitled to exemption from audit under seclion 477 of the Companies Ad 2006 rdaling to small companies. Directors. reswnsibililies= The members have not required Ihe company to obtain an wdit of its financial statements for the year in question in accordance wth section 476: The directors acknowle(Jge their reskx¢nsibilils for complying with the requirements of the Act with respect lo accounting records and the preparatson of financial sialemenls. These financial slalemenls have been prepared in accord¥Ke with the provisions aPpIable lo companies subject lo the small eompani%' regime. The statement of financial position continues on the following page. The notes on pages 10 to 20 forni part of these financial stat•ments.
Crest Co-operative Ltd (charity) Company Limited by Guarantee Statement of Flnancial Position (continu8dJ 31 March 2021 These financial statements were approved by the board of trustees and authorised for issue on &ol..i..&.l.&.l.., and are signed on behalfofthe board by". Miss W Wlliams Company Secretary The notss on pages 10 tr• 20 fo part oftr*•se finaneial statements.
Crest Coryoperative Ltd (charity) Company Limited by Guarantse Notss to the Financial Statements Year ended 31 March 2021 General inforniation The charity is a puts1 benefit enlity and a prNate company limited by guarantee. gIStered in EnglarKI and Wales and a fegislered charity in ErwlarKJ and Waes. The address of the registered office is Unit 2 Briertey House, Fery Fam Road. Llandudno Junction. Conwy. LL31 9SF. Sement of compliance These financial statements have been wepared in compliance with FRS 102. 'The Financ1 Reporting Standard applicable in the UK and the Republ of Ireland,, the Slalement of Recommended Practice applIts1e lo charities preparing their accounts in accordance with Ihe Financial Reporting Standard applicable in the UK and Repuljic of lTrland (FRS 1021 (Charities SORP (FRS 1021) and the Companies Act 21KJ6 A¢untIng policiés 8asis of preparation The financial statements have been prepared on the historical cost basis. as modrfied by the revalualion of certain finanaal asseis and liabilities and estment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling. which is the funCtnal currerty of the enbty. Going concorn There are no material Uncertaint about the charity's ability lo continue. Judgements and key sources of estimation uncertainty The preparation of the financial statements requires management lo make judgements, estimates and assumptions that affect the amounts repYJrted. These eslimales and judgements are continually reviewed and are based on experience and olher factors, including expectalion5 of future events that are believed lo be reasonable under the circumstances. Income lax The taxation expense represents the aggregale am¢Junt of rrent and deferred tax recognised in the reporting period. Current tax is recognised on taxable income or expenditure for the current and past periods. Current lax is measured 8t the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted al the reptIng dale. 10
Crest Co-operative Ltd (charity) Company Limlted by Guarante• Notes to the Flnancial Statements (condnu• Year ended 31 March 2021 Accounting pollcies {wthnwdJ Fund a¢eounting unStriCted funds are available for use at discretion of the trustees lo further any of the harity's purposes. Desonaled funds are unreslricled funds eamiarked by Ihe truslees for particular future project or commitment. Restricted funds are subjected lo strictl0nS on their expenditure declared by the donor or through the terms of an appeal, and fall into one of Iwo sub-dasses_' restricted incom8 funds or endowment fijnds. Incomin9 rosourc•s All incomirwJ resources are induded in the statement of financial activities when enlillement has passed to the charity.. it is probable that the economic benefits assoCled with the transaclDn will flow lo the charity and the amount can be retiably measured. The following speGrfic policies are applied lo parkncular categories of income". income from donations or grants is recognised when there 1$ evidence of entitlement lo the grft. receipt is probable and 115 amount ean be measured reliably. legacy incorne is recognised when receipt is wobable and entitlemenl is estsblished. income from donated goods is measured at the fair value of the goods ue$S this is impraclul lo measure reliabty. in which case the value is derNed from the cost lo the donor or the estimated resale value. Donated facilities and services are recognised in Ihe accounts when recetved rf the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts the supply of services is recognised with the delivery of the contracted service. This is dassrfied as unrestred fijnds unles5 there is a contractual requiremenl for il to be spent on a partthlar purpose and returned rf unspent. in which case il may be regthed as restricled. 11
Crest Co-operative Ltd (charity) Company Limited by Guarantee Notes to the Financial Statements (¢Mimu•dJ Year ended 31 March 2021 Accounting policies Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expend((ure includes any VAT which cannot be fully recovered, and is dassffEd under headiThJs of the slalemenl of financial activities to which it relales.. expenditure on raising funds irtiudes the costs of all fundraising aclNrties. events. non-charitable IradirMJ activit, and the Sale of donale(I go1$. expenditure on eharilable actNities indudes 211 costs incurred by a charity in undertaking aclivilies that further ils charitable aims for the benefit of ils beneficiaries. including those support costs and costs relats.ng lo the governance of charity aPpOrtned to charitable activities. other expenditure includes all expenditure Ihal neither related to raising funds for the charty nor part of its expendibJre on charitable attNit$. AJI costs are allocated lo expeThJilure categories rdecling the use of the resource. Direct cos15 attributable to a single aclivrty a allOted direct to that activity. Shared costs are apwtioned between the activities they contribute to on a reasonable. justs"fiabte and consistent basis. Tangible ass•ts Tangible assets are initially recorded al cost, and subsequently stated at cosl less any aecumulaled depreciation and impairment losses. Any tangible assets carried al revalued amounts are recorded al the fair value at the dale of revaluation less any subsequent accumulated deprecialion and subsequenl accumulaled impairment losses. An increase in the carrying amount of an assel as a result of a revaluation. is recognised in other recognised gains and losses. unless rt reverses a charge for impairment that has previously been recognise¢Y as expenditure within the slalement of financial activities. A decrease in the carrying amount of an assel as a result of revalualton. is recognised in other recognised gains and losses. except lo which it offsets any previous revaluation gain. in which case the loss is shown within other reCOgned gains and losses on the statement of financol actNibes. 12
Crest Co•operative Ltd (charity) Company Llmlted by Guarantee Notes to the Flnancial Statements (Con Year ended 31 March 2021 Accounting policies Dgpro¢iation Depreciation is calculated so as lo write off the cost or valuation of an asset. less ils residual value. over Ihe useful en0m lrfe of thal assel a5 follows.. Property and improvements Long leasehold propety Enterprise activities equip & fittings Office F&F and c¢xnputer equtpmenl Motor vehicles 4% slraighl line 4% straNJht line 25% straight lir 20% slraighl line 25% straight line Impairment of fixed assets A review for indicators of impairment is carried oul at each rewrting dale, wrth the recoverable amount being estimated where suth indicators exist. Where the carying value exceeds the recoverable amount. Ihe asset is impaired aOrdinglY. Prior impairments are also reviewed for possible reversal at each reporting dale. For the purposes of impaimient testing. when it is not possible to estimate the recoverable amount of an indNidual asset, an eslimate is made of the reCoVerat8 amount of the a5h*enerating unil to whth the asset belongs. Stocks Stocks are measured at the l(nver of cost and estimated selling price less costs to complete and sell. Cost indudes all costs of purchase. cosls of ConVersn and other costs incurred in bringing the Stock lo ils present locats.on and condilion. Finance leases and hir• purchase Contracts Assets hdd under finance leases and hire purchase contracts are regnISed in the slalemenl of financial position as assets and liabilities al Ihe lower of the fair value of Ihe assets and the present value of the minimum lease payments, whh is determined al the inception of the lease term. Any initial d¥ect costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance tharges and redU10n of the outstanding lease liability using the effecltve interest method. Finance charges e allocated lo each period so as lo produce a constant rate of inleresl on the remaining balance of the liabilty. Govemment grnnts Government grants are recogniseil at the fair value of the asset recewed or receivable. Grants are not recognised until there is reasonaNe assurance that charity will compty with the ndilions attaching to Ihein and the ants will be received. 13
Crest Co•operative Ltd (charity) Company Limited by Guarantse Notes to the Flnancial Stat•m•nts (¢001th4 Year ended 31 March 2021 Accountlng poll¢les leonth Government gr•tS (¢•nlinu¢dJ Where the grant does not impose specrfied future performance-rdated conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does imp05e specified future performance-rdated conditions on the recipient. il is recognised in Irome only when performance4elaled conditions have been mel. Where grants received are prior lo satisfying the revenue recognition crileria. they are recognised as a Dellned contribution plans Contributions lo defined contribution plans a recc*3ni5ed as an expense in the period in Ythich the related servu is provi¢Jed. Prepaid conlributions are recognised as an asset lo the extent that the prepayrnent Y11 lead to a reduction in fulure payments or a cash refund. When contributions are not expected lo be settled Whol within 12 months of the end of the reporting date in which the employees render the relaled service. the Ikgbility is measured on a discounted present value basis. The unwinding of the dLscounl is recognised as an expense in the period in which it wises. Llmited by guarantee Number of trsutees as at the Y end was 4. The warranty liats'lity is restricted lo £1 per Irusiee. The company keeps a register of trustees at its lStered office and has been satisfactorily maintained throughout current year. An extracl has been reprrKluced below of the overall membefship movemenls'.- Trustees brought forward New trustees appointed Trustees resigned Trustees carried forward The list of Iruslees carried fornyard as al 31.03.2021 is as follows'.- Michael James Thompson Laurence Jonathan Cox Anna Katrina Burke Kalre Michelle Baker Granls receivable Unrestricted Totsl Funds Unrestrted Total Funds Funds 2021 Funds 2020 Donations Donations 14
Crest Co-operative Ltd (charity) Company Limited by Guarantee Notes to the Financial Ststements Year ended 31 March 2021 Grant$ r•c¢ivable (COMinu8dl Unrestricted Total Funds Unreslricled Total Funds Funds 2021 Funds 2020 Grants DenbighshKe Work Opportunities HMRC Job Retention Scheme Welsh Government ES Grant Weee Fund Grant Other grants 151.510 107,869 49.063 49.795 98.270 151.510 107,869 49,063 49.795 98.270 1 $2.S31 152.531 652 652 4&5.707 456,707 1S3.183 153.183 Trading activities unreStrted Total Funds Unfestitted Total Funds Funds 2021 Funds 2020 Trading income Collections Fumilure paeks Sales of donated items Ragamuffins loys & clothes sales Room rental Probation service income Training income uther income 101.233 224.720 20.735 72.908 6.381 9.735 30.097 12.590 22.131 500,530 101.233 224,720 20.735 72.908 6,381 9.735 30.097 12.590 22,131 5CKI.530 195,642 261,455 13,543 103,548 20.334 6.561 22,962 15,346 44,406 683.797 195.642 261.455 13.543 103,548 20.334 6.561 22,962 15.346 44,406 683,797 Investment income Unrestricted Total Funds Unreslricled Totsl Funds Funds 2021 Funds 2020 Bank interest receNable 170 170 15
Crest Co-operative Ltd (charity) Company Limited by Guarantee Notes to the Financial Statements {cnu•) Year ended 31 March 2021 Costs of othef tradlng actlvltles Unreslricled Total Funds Unrestricted Tolal Funds Funds 2021 Funds 2020 Llandudno Junclton Shop Colvryn Bay Community Store Rhyl Community Ste Ebay shop 63.166 60.696 4.9 63.166 60.696 4.969 17 62.602 90,455 62,602 .455 128.848 128.848 153,057 153.057 Exp•nditur• on charitablg activities by activty type Activities urKlertaken direclly Support costs Total funds 2021 Total fund 2020 Work Opportunities Re-use Hub Kerbside Volunteers Training Pabo Lane. LlarKludno Junelion Happi-Tal GovernarKe costs 83,078 263,882 36.228 83,078 263.882 36.228 102,671 210.674 34.620 132 8,097 31.261 8.625 77.624 10.619 8.625 77,624 10,619 278155 278.155 277.055 480.056 278.155 758.211 664.510 10. Other expenditure Unresirieted Total Funds Unrestricted Total Funds Funds 2021 Funds 2020 L055 on disposal of tangible fixed assets held for chartys own use {708) {708) 11. Taxation Major cornpongnts of tax •xpgnse 2021 2020 Currenttsx: UK ojrrent lax expense Taxation 32 123 32 123 16
Crest co.operative Ltd (charity) Company Limited by Guarantee Notes to the Financial Statements Year ended 31 March 2021 11. Taxation {conllnugdJ R¢Gonciliation ol tax expens• The tsx assessed on the income for the year is the same as (2020: the same as) the starKlard fate of corporation 18x in the UK of 19%12020.. 19%). 2021 2020 Income before taxation 70.348 20.767 Income by rate crf tsx 32 123 12. Net inry)rne Nel income is stsled after Chargin(creditIng}". 2021 2020 Depreciation of tangible fixed assets Gains on disposal of tangible fixed assets 105.099 73,877 {708) 13. Staff costs The lolal staff costs and employee beneffts for the feporbrwJ period are analysed as fdlows: 2021 2020 Wages and salaries Employer contributions to pension plans 566,674 9,281 467,896 5.093 575,955 472,989 The average head count of employees during the yew was 33 (2020.. 28). No em 0Yee receNed employee benefits of more than £60,(M)O during the year12020: Nill. 14. Trustw r•mun•ration and expgThs•s No Temurwatn or other benefits from employment wth the charity or a related enlty were received by ltr* Iruslees. 17
Crest Co-operative Ltd (charity) Company Limited by Guarantee Notes to the Financlal Statements fttintini* Year ended 31 March 2021 15. Tangible fixfjd assets Enlerprise Office F&F activities and Freehold leasehold fittings & computer property rKoperty containers equipment Motor vehicles Total Cost Al 1 Apr 2020 Ad(Jilions 1.028.414 189.414 82.047 146,025 55,420 214.055 1.470,541 532,193 214.055 2.002,734 287,359 At 31 Mar 2021 1.217,828 287.359 82.047 201.445 Depreciatlo Al 1 Apr 2020 Charge for the year At 31 MaT 2021 223,647 82,047 128.268 137.974 571.936 48,327 11.494 17.19) 28,088 10S,099 271,974 11.494 82,047 145.458 166,062 677,035 Carrying amount At 31 Mar 2021 945.854 275.865 55,987 47.993 1,325,699 Al 31 Mar 2020 804.767 17,757 76.081 898,605 16. Stocks 2021 2020 Raw materials and consumables 15.732 16.454 17. Debtors 2021 2020 Trade debtors Prepayments and accnjed iw)me Other debtors 123,825 47,860 45,103 74,979 53.533 16.983 216.788 145,495 18
Crest C(Perative Ltd (charity) Company Limited by Guarantee Notes to the Financial SL1tements Year ended 31 March 2021 18. Creditors: arnounts falling due within ong yoar 2021 2020 Bank loans and overdrafts Trade creditors Accruals and deferred income Corporation tax Obligations under finance leases and hire wrthase Contracts Other credrtors 22 22,542 50,928 122 259 30.966 21.127 212 220 73.873 53.821 19. Crodltors: amounts falllng due after more than one year 2021 2020 Accruals and deferred irorne 1.482,218 1.094,336 20. Finance leases and hlre purchase contracts The lolal future minimum lease payments under ffinance leases and hire purchase contracts are as follows.. 2021 2020 Not later Ihan 1 year {259} (1,296) 21. Deferred income 2021 2020 Al 1 April 2020 1.520,729 1.111,595 22. Ponsions and oth•r post retirement benefits Defingd contribution plans The amount recognised in income or expeThJiture as an expense in relatn to defined contribution plans was £9.281 (2020: £5.093). 23. Govemment grants The amounts recognised in Ihe financial statements for government grants ¥e as follows.. 2021 2020 Recognised in creditors.. Deferred govemment grants due after more than one year 1.482.218 1.094,336 19
Crest Co•operative Ltd (charity) Company Limited by Guarantse Notes to the Financial Stalements (c Year ended 31 March 2021 24. Analysis of charltable funds Unrestricted funds Al 31 Malch 202 At 1 April 2020 Irwme Expenditure General funds 308.230 957.407 1966,824} 298,813 At 31 March 202 Ai 1 April 2019 Inct)me ExpeThJiture General funds 287,586 837.626 1816,9831 308,229 Restrlded funds At 51 March 202 At 1 Aprd 2020 Incc*me Expenditure Restricted Fund 1- dese in alcs 79.734 79,734 At 31 Marth 202 1 Aw'l 2019 Income Expenditure Restricted Fund 1 - desc in alcs
Crest co.operative Ltd (charity) Company Limited by Guarantee Management Infomiation Year ended 31 March 2021 The following pages do not forni part of the financial stalements. 21
Crest Co-operative Ltd (charity) Company Limited by Guarantee Detailed Statement of Financial Activities Year ended 31 March 2021 2021 2020 Income and endowments Grants re¢eivablo Donations Denbigh5hire Work Opportunities HMRC Job Retention Scheme Welsh Government ES Grant Weee Fund Grant Oiher grants 2¢)) 151.510 107.869 49.063 49.795 98.270 152.531 652 456.707 153.183 Trading activltles Trading income Collections Furniture packs Sales of donated items RagamLrffins toys & clothes sales Roorn rental Probation service irorne Training income Other income 101.233 224.720 20.735 72.908 6,381 9,735 30.097 12,590 22,131 195,642 261.455 13.543 103,548 20,334 6,561 22,962 15,346 44,406 500,530 683,797 Investment income Bank interest receivable 170 646 Totsl income 957.407 837.626
Crest Co-operative Ltd (charity) Company Limited by Guarantee Detailed Statement of Financial Activities Year ended 31 March 2021 2021 2020 Expenditure Costs of other trading activities Opening stock Purchases Closing sl¢xk Wages and salaries Pension Costs Rent Rates and water Light and heal Repairs and maintenance Other establishment Motor vehicle expenses Legal and professional fees Other office costs Bank charges and other similar charges Stafflvolunleer travel and expenses Staff welfare and other benefits Staff training Advertising and promOt)n Subscriptions and memberships Tipping and waste fees Other cost of sales Health and safety Miscellaneous expenses 16.454 33.513 15.732 59.495 723 10.0 1.554 4.244 2.323 149 5,305 1.862 737 2,591 1.748 577 8,138 76.523 16,454 44.447 326 10.000 1.363 5,723 1,295 256 4.022 1,138 935 4.480 3,958 246 753 4,210 911 429 937 251 128.848 153.057 Expenditure on charitable activities Opening stock Purchases Wages and salaries Pension costs Rent Rates and water Light and heat Repairs and maintenan Insurance Other establishment Motor vehicle expenses Vehicle leasinglhire Legal and professional fees Telephone 559 9.670 507,179 8.558 39,000 3,501 18,859 11.639 10,944 1.008 26,752 13.296 11,393 6,495 16.376 423.449 4.767 39,034 5.845 9,943 3,545 12.124 1.078 33,895 18,597 11.495 4.822 Carried forward 668,853 584,970 23
Crest Co-operatlve Ltd (charity) Company Limited by Guarantee Detailed Statement of Financial Aclivities (eoniin Year ended 31 March 2021 2021 2020 Brwghl lOard 668.853 584.970 Other office costs Amortisalion Deprlation Other interest payable and similar charges Stsfflvolunleers travel and other expenses Staff welfare Staff training costs Work opps allowance Advertising and promotion Subscriptions and memberships Tipping and waste fees Other cosl of sales Hire of equipment Bank charges and similar charges Donations and sponsorship Conference and event costs Health and safety Compuler & sofvare costs UK Entertainment Textile collections Dylan's NHS Meals Costs Miscellaneous Expenses 2.881 (94,226) 105.099 3,156 148,396) 73.877 5.418 6,126 3.888 1.845 2.929 3,959 6.508 7.196 3,930 1,385 1,030 {1,277 3.466 5,585 280 9.366 6,602 4.874 6.388 1.015 2.059 3.813 2,279 3.693 1.716 504 1.210 5,367 103 354 20.837 2,494 1,526 758.211 664,510 Other expenditurg Loss on disposal of tangible fixed assets held for charl5 own use (708} Taxatlon Current laxalion chargelcredit 32 123 Total oxpenditure 887.091 816.982 Income 70,316 20.644 24
Crest co.operative Ltd (charity) Company Limited by Guarantee Notes to the Detsiled Statement of Financial Activities Year ended 31 March 2021 2021 2020 Costs of other tradlng activlties Llandudno Junction Shop Opening stock Purchases Closing stock Wages and salaries Pension $tS Repairs & maintenance Other establishment costs Motor vehicle expenses Legal and professional fees Other office costs 8ank charges and other similar charges Stafflvolunteer travel and expenses Staff weKare and other benefits Staff training Advertisiv¥J and promotion Subscripttons and memberships Oiher cost of sales Heallh and safety Miscellaneous expenses 9,053 31.498 110,923) 22,008 2,593 40,363 {9,0531 17.751 156 282 81 1,979 569 433 2,481 2.122 137 1.774 119 3,115 1,126 1.760 1.597 424 293 513 2.105 355 213 29 112 20 35 63,166 62.602 Colwyn Bay Communlty Store Opening stock Purchases and consumables Closing stock Wages and sal&ies Pension costs Rent Rates & water Lighl & heal Repairs & maintenance 7.401 2,015 14.8091 33.132 563 10,000 1.554 4,067 210 5,545 36,160 {7.4011 26.696 170 10,000 1.363 5,723 1.013 Carried forward $4.133 79.269 25
Crest Co-operative Ltd (charity) Company Limited by Guarantee Notes to the Detailed Statement of Financial Activities {c¢rtlNj Year •nded 31 March 2021 2021 2020 Brought forward 54.133 79.269 Other establTshmenl otor vehicle expenses Legal and professK)nal fees Other office costs Bank charges and olher similar Charges Slafflvolunleer travel and expenses Staff welfare and olher benefils Staff training Advertising and promotion Sub5cription5 and memberships Tipping and waste fees Other cost of sales Health and safely Miscellaneous exPere$ 30 2,190 736 249 831 151 106 143 240 175 2.043 569 502 1,999 1.836 109 2.105 556 860 216 916 917 216 60.696 90,455 Rhyl Community Storn Wages and salaries Light & heal Repairs & maintertance Staff weffare Tipping and waste fees 4,355 177 322 47 4,969 Ebay shop repairs & maintenance 17 Costs of olher tradlng xtlvitles 128,848 153,057 26
Crest Cowoperative Ltd (charity) Company Llmlted by Guarantee Notes to the Detailed Statement of Flnancial Activlties (conth Year ended 31 March 2021 2021 2020 Expendlture on charitable actlvllles Work Opportunitles Activitles undertaken direc¢ty Purchases Wages and salaries Pension costs Repairs & mainlenan¢g Motor vehicle expenses Vehicle leasing Legal and professional fees Other office costs Stafflvolunleers travel aThJ expenses Staff welfare Staff training costs Work opps allowance Advertising and promolion Other Cost of sales 2.066 77.837 703 14 6,802 4.112 394 116 3.187 815 70 6.255 3W 64.605 1,065 1,688 2,359 8.225 99 43 2.119 317 90 1.845 623 83,078 102,671 Rfruso Hub Activities undertaken direcdy Purchases Wages and salaries Pension costs Repairs & fflainlen8nce Other establishment costs Motor vehicle expenses Vehicle leasing Legal and Profession81 fees Other office costs Other interest payable and similar charges Siafflvolunleers travel and expenses Staff welfare and other benefits staff training Work opps allowance Advertising and promotion Subscriptions and memberships Tipping and waste fees Other cost of sales Hire of equipment Health and safety Dylan's NHS meals costs Miscellaneous expenses 5,994 1g9,386 3,354 3.645 438 14.967 9,767 160,916 1,778 446 15,922 9,414 3.254 435 2.230 459 958 2,294 906 2.823 959 113 554 1.500 1.894 2.937 977 412 20,837 135 185 1.115 2.279 376 45 Carried forward 263,882 210.674 27
Crest Co•operative Ltd (charity) Company Limited by Guarantee Notes to the Detslled Ststement of Financlal Activities (wrtiryKdJ Year ended 31 March 2021 2021 2020 8roughl fOard 263.882 210.674 263.882 210.674 Kerbside Activities undertaken dir•cdy Purchases of textile bags Wages and salwies Pension costs Repairs & maintenance Oiher eslablishmenl cosls Motor vehicle expenses Vehicle leasing Slafflvolunleers travel and expenses Slaff welfare and olher benefits Hire of eqvipmenl Textile collections Miscellaneous expenses 3.676 22,850 345 518 4.543 18.328 157 157 3,624 5,071 5.325 5.071 197 394 354 22 10 36,228 34,620 Volunteers Activities undertaken di¢ty Stafflvolunleers travel and expense5 Training Activities undertaken directly Wages and salaries Repairs & rnainlenance Other eslablishrnenl costs Stsff training costs other cosl of sales 132 7.872 17 225 1,530 8,625 8.097 Pabo Lane. Llandudno Jundion Activitles undertaken directly Opening stock Rates & water Light & heal Repairs & maintenance Other establishmenl costs Other office eo$ts Depreciation Other inlefesl payable and similar charges Stafflvolunleers travel afftl expenses Stsff welfare 559 1.391 9.081 2,207 42 191 61.838 2,054 412 266 28.236 31 12 233 Carried forward 75.SS4 30,999 28
Crest Co•operative Ltd (charity) Company Limited by Guarantee Notes to the Detailed Statement of Financial ActivitFes Year ended 31 March 2021 2021 2020 Brought foThvard 75,554 30.999 Subscriptions and memberships Tipping and waste fees Health and safety MisGellaneous expen5e5 292 1.078 165 535 77,624 31.261 Happi-Tat Activities undertaken dirncfty Wages and salaries Direct charitable activity 9- pension costs Repairs & maintenance SlaffNolunleers travel and expenses Staff welfare and benefits Other cost of sales 7.940 158 72 213 2.106 10.619 Govgrnance costs Wages and salaries Pension costs Renl Rale5 & water Light & heal Repairs & maintenance Insurance Other establishmenl cosls Motor vehicle expenses Aecountaney fees Lèoal and other professional fees Telephone Other office costs Amortisalion of government grants Depreciatson Stafflvolunleers travel and expense5 Staff welfaie and benefits Staff training Staff welfare and other benefits Advertising and subscriptions Subscriptions an¢Y memberships Tipping and waste fees Hire of equipment Bank charges and similar charges Donations and sponsorship Conference and events costs 205.432 3,636 39.000 2.110 9.778 3,451 10,944 511 5,802 8,096 158.496 2.129 39.034 3.791 9,531 2.264 12.124 628 5.846 7.497 350 4.822 2,605 {48,396} 45.641 3.027 4.434 4.579 20 715 1.666 2,698 3,249 1.716 504 1,210 6.495 2,188 (94.226) 43,261 1,982 3.152 2,838 2.375 2.167 3,536 2.953 1.385 1.030 (1.2771 Carried fomard 267.587 270.180
Crest Cowoperalive Ltd (charity) Company Limlted by Guarantee Notes to the Detailed Statement of Financial Activities (c Year ended 31 March 2021 2021 2020 Brought fc¥ward 267.587 270.180 Health and safety Computer & soffvlare costs UK Entertainment Miscellaneous expenses 2.889 5.585 5,367 103 1,405 1.814 278,155 277,055 Expendlture on Gharitabl• a¢tiviti•s 758.211 664.510 30