COMPANY REGISTRATION NUMBER.. 03588496 CHARITY REGISTRATION NUMBER.. 1189976 Crest Co-operative Ltd (charity) Company Limited by Guarantee Unaudited Financial Statements 31 March 2022 *ABAJJ685" 1WO812022 COMPANIES HOUSE A10 JONES & GRAHAM ACCOUNTANTS Chartered Certified Accountants 45 Vale Street DENBIGH Denbighshire LL16 3AH
Crest Co-operative Ltd (charity) Company Limited by Guarantee Financial Statements Year ended 31 March 2022 Page Trustees. annual report (incorporating the directorfs report) Chartered certified accountants report to the board of truslees on the preparation of the unaudited statutory financial statements Stalement of financial activities (including income and expenditure account) Stalement of financial position Notes to the financial statements 10 The following pages do not form part of the financial statements Detailed statement of financial activities 23 Notes to the detailed statement of financial activities 26
Crest Cowoperative Ltd {charity) Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) Year ended 31 March 2022 The tnjstees, who aTe also the directors for the purposes of company law. present their report and the unaudrted financÉal statements of the charity for the year ended 31 March 2022. RefenCe and administrative details Registered charity name Crest Co-operatNe Ltd Icharityl Charity registration number 1189976 Company registration number 03588496 Principal office and registered Unit 2 Brierley House office Ferry Farm Road Llandudno Junction Conwy LL31 9SF The trustees Mr M Thompson Mrs K M Baker Mrs A K Burke MrLJCox Company s8cretary Wendy Williams A¢¢ountants Jones & Graham Accountants Chartered Certffied Accountants 45 Vale Street DENBIGH Denbighshire LL16 3AH
Crest Co-operative Ltd (charity) Company Limited by Guarantee Trustees. Annual Report {Incorporating the Directorfs Report) (continued) Year ended 31 March 2022 Slructurei govemance and rnanagement Crest co-operats.ve Ltd is governed by a voluntary board ol Trustees.. during the last porting year, 6 were registered Iruslees lincluding the Chairnianl). We conlinue to search for an appropriately experiencedlskilled candidate as part of our drive to have a full board of 7 Trustees. The board of Trustees has mel quarterty by video link (due to Covid control measures) in the last year. The Senior Management team {Managing Director, Strategic Business Development Manager and the Finan Manager) submit monthly reports to the Trustees and attend Ihe quarterty Trustee meetin9S to answer queries. discuss and vote upon slrategic decisions outshde of the scope of everyday operational decision making. hAinules of the meetings a kept by the Company Sefftlary. All management reports are filed on our central server and include the following infomiation= Financial HR I Wellbeing Health and safety Departmental performan Operational updates Project development Gr8rt1s and contracts
Crest Co-operative Ltd (charity) Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) Icontinued) Year ended 31 March 2022 Objectives and activities The objectives of the Charity are speafKalty restricted to the following.. a) To advance education, training and vohjnteering particulat1y for people with disabilities or in need by reason of their social or economic or¢umstan¢es. b} The preventi or reliel of poverty by Ihe recycling I reuse and pw5ion of fumrtvre. clothes and other household items to individuals in need andlor charities. or other ¢Nganis81ions working to prevent or relieve povety. cl The Iief of LTrnemployment for the benefit of the public in SLth ways as may be thought fil. including assistance to find employment. d) To promote soclal inclusion for the public benefit by preventing people from becoming socially ex¢luded. relieving the needs of those people who are sctialty excluded and assisting tnem to integrate into soaety. For the purpose of this dause 'socially excluded. means being excluded from 50ciely, or parts of society. as a result ol one or more of the following faclors." unemployment.. financial hardship" youth or old age- ill health Iphysical or mentsll., substsn¢e abuse or dependency including alcohol ané drugs.. discriminalion on fhe grounds of sex. race. disabilily. ethni¢ orTrgFn, reli9k)n, belief, creed, sexual orientation or gender re-assignrnent., pcw)r education81 oi skills attainment,. relationship and family breakdown., Foor housing (that is housing that does not meet basic habitable slandards.. crime (either as a victim of crime or as an offender rehabili(aling inlo society). el To promote such other charilable purposes as the tnjstees may from time to time detem)ine.
Crest Co•operative Ltd (charity) Company Limited by Guarantee Trustees, Annual Report (Incorporating the Directorfs Report) (continuedl Year ended 31 March 2022 Achievements and perfomiance Due lo the persistence of Ihe Covid pandemic. once again we We presented with significant challenges throughout our organisalion., furtherm¢xe. addilional challenges materialised laler In the year 2021 affe¢ling the whole economy, including ourselves. Despite these issues. we continued to explore opportunity when it presented itself.. ands have made signfficant progress during 2021122, furthering the strategy and objeclives sel out in our goveming documeni. Whilsl we have met all of our objectives in lesser degrees that previous years (due lo reduced activity 8s a resuli of Covidl," new opportunilies have malerialised in an environmenl conlinually changing as a result of the pandemic, prompting the Senior M8nagement Team to mainiain focus on our core objectives and our pOtn wthin an unsetued economic landscape. During 2021122, the following notable oulcomes were achieved.. Furloughed slaff continued to receive wage lop to 100% up as Ihe Govt. conlribution reduced.- Secured £463k from WG for the further development of Ihe Happi-tat workshop ¢oncept,' the grant covers both capital and revenue expenditure and enabled Ihe a¢quisition of 3 Gloddaelh Sl. Ltandudno. Opened our third Community Reuse store on Wellinglon Rd, Rhw., also securing a contract lo let the upper fioor lo the Probation Service. 6 parts"cipanls Ultetj under the Govl. subsidise(l Kick Start programme_ Several grants were 3c¢e55ed to enable financial resilience and continued growth wst COVID - Post furbughlrelum to work plans developed in ¢onsultab'on with staff. An in-house team ol wellbeing thampions was trained I developed wth support from RCS followng our successful participation in a pilot Red Dot 365 business wellbeing survey. Increased placements in Ihe SAP (Supported Abilities Team fornierfy Work Opps) and eslablished partnerships with Goggaeth School and YoLJth Service. Secured an an additional Probalion Service Community Payback contract for 2021122. Established the Crest food bank and Community Fridge scheme. Enhanced oui iraining dept. Wblh Pathways. ck Stsrt CP initialives. Stsff wellbeing remained a primary focus for the SMT as indicators of diminished wellbeing began to materialis8," that said. the resilience. Commitment and colleclive 'can do, attitude of the team during another lesling year mu51 be adtnowledged. Our updated business plan specrfically focuses on consolidatk)n of our core activities as we emerge fiom Ihe pandemic. and outlines opportunilies, developmenis and objectives for 2022. whilst also contributing to the delivery of our long lem7 vision and the charitable objects ol the organisation,. It remains the working template for our sustainable futu beyond Covid. focusing on consolidation of our core objectives of education. training. volunteering, relief of unempkjymenl, preventionlrelief ol of povety through reuse ané social inclusion by plawng to our strengths, adhering to our values, setting realistic obJeclive5 and, ultimately. delNerirrfJ our mission.
Crest Co-operative Ltd (charity) Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) (continuedj Year ended 31 March 2022 Financial rèview The company's tumover has reduced slighlty from £957.407 in 2021 to £891.297 for the year ending 31 March 2022. This is mainly down to the significant reduction in Job Retention Scheme in¢ome during 2022 and represents 8 reduction of just 7%. The total expenditure has also reduced from £887.091 In 2021 to £863.477 in 2022. a reduction of 3%. As a result. Ihe company has achieved a s'Jrplus of £27.976 during the year ending 31 March 2022. compared to £70.316 in the previous year. These results ntinUe to be encouraging. especially with 8 large amount of the trading income being iransfetred to the subsidiary company during the current year. We expect there to be further changes to the tsjmover and direct cosls for the year ending 31 March 2023 as Ihe remaining trading activities are transferred over to the subsidiary company, Crest Trading Stores Ltd. Small company provislons This port has been prepared in 8cwd8nce wth ihe provisK)ns applicab lo comp8nies entitled to the small companies exemption. Irustees by.. The Iruslees. annual report was approved on ...... ... . .... ............ and signeis on behalf of Ihe board of ,,161 r M Thomp Trustee
Crest Co-operative Ltd (charity) Company Limited by Guarantee Chartered Certified Accountants Report to the Board of Trustees on the Preparation of the Unaudited Statutory Financial Statements of Crest COoperative Ltd (charity) Year ended 31 March 2022 As described on the sialement of financial position. the irustees of ihe charity are responsible foi the preparalion of the financial statements for the year endeo 31 March 2022, which comprise the statement of financial acts"vities {including income and expenditure account). slaternent of financial position and the related notes. You eonsider that the charity is exempt from an audil under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you lo fulfil your ststutory responsibilities. from the accounting records and from infomiation and explanations supplied lo us. JONES & GRAHAIA ACCOUNTANTS Chartered Certified Accountants 45 Vale Street DENBIGH Denbighshire LL16 3AH
Crest Co-operative Ltd (charity) Company Limited by Guarantee Statement of Financial Activities {including income and expenditure account) Year ended 31 March 2022 2022 Unrestricled funds Total funds 2021 Total funds Nole Income and endowments Grants receivable Trading activities Investment income 369,745 521.539 13 369,745 521.539 13 456.707 500.530 170 Total income 891.297 891,297 957.407 Expenditure Expenditure on raising funds-. Costs of other trading activities Expendilure on charitable actiwb.es Taxation 80.687 782.788 - 80,687 782,788 128.848 758.211 32 10 Total expenditure 863.475 863,475 887.091 Net in¢ome and ntt movement in funds 27.822 27.822 70.316 Reconciliation of funds Total funds brought forward Total fund5 carried forward 378.546 378,546 308.230 406.368 406,368 378.547 The slalement of financial activrties includes all gain5 and losses CognISed in the year. All income and expenditure ijerive from conlinuing acts"vities. The notès on pages 10 to 21 fom) part of these financial statements.
Crest Co-operative Ltd {charity) Company Limited by Guarantee Statement of Financial Position 31 March 2022 2022 2021 Note Fixed assets Tangible fixed assets Investments 14 1,489,923 15 100 1,325.699 1.490.023 1,325.699 Current assets Stocks Deblors Cash at bank and in hand 16 17 75.732 216.788 376.418 303,412 85,208 388.620 608,938 Creditors= amounts falling due within one year Nèt current assèts 18 72,587 73,873 316.033 535,065 Total assets less current liabilities 1.806.056 1.86L),764 Creditors.. amounts falling due after more than ont year Net assets 19 1,399,689 1.482,218 406.367 378,546 Funds of the charity Unrestricted funds 406.368 378,547 Total charity funds 24 406.368 378,547 For the year erlg 31 March 2022 the tharity was entitled to exemption from audrt untler section 477 of the Companies Act 2006 reL8ting io small ec*npanies. Dire¢tors' resFK)nsibilities'. The members have not required the company to obtain an audit of its financial statements for the year in question in accordan th section 476". The di¢t aCknOwdge their responsibilib.es for complying with the requirements of the Act wth respecl to accounting records and the prepafalion of financial statements. These financial statements have been Prepa in accordance wth the provisK)ns applicable lo companies subject to the small companies, regime. The statement of financial position continues on the following page. The notes on page$ 10 to 21 fo part of th¢s¢ financial slat¢ments.
Crest Co-operative Ltd (charity) Company Limited by Guarantee Statement of Financial Position {¢onNnv8d) 31 March 2022 financial statements were approved by the tw)ard of trustees and authorised for issue on , and are signed on behaw of the board by- Mr M Thom Trustee on The notes on pages 10 to 21 forrn part of these financial statements.
Crest Co-operative Ltd (charity) Company Limited by Guarantee Notes to the Financial Statements Year ended 31 March 2022 General infomiation The charily is a wblic benefit entty and a privale company limited by guarantee. registered in England and Wales and a registereis charity in England and Wales. The address of the reglstered office is Unit 2 Biierley House. Ferry Faim Road. LIandUdr Junction. Cor)wy, LL31 9SF. Statement of cornpliance These financial statements have been prepared in compliance with FRS 102. The Financial Reporting Stsndard applicable in the UK and the Republic of Ireland.. the Staternent of Recommended Pra¢ti¢e applicab lo charities preparing their accounts in accordance with the Financial Reportlng Standard applicabje in the UK and Republic of Ireland IFRS 1021 (Charities SORP {FRS 10211 and the Companies Acl 2(K)6. Accounting policies Basls of preparatlon The financial slalements have been prepared on the historical cost basis, as mdified by the vahJalion of certain financial assets and liabilitS arKI investment properb.es measured at fair value through income or expenditure. The financial statements are prepared in sterling. which is the functional currency of the enb'ty. Going concèm There are no material uncertaintses about the charitls ability lo continue. Judgements and key sources of estimation uncertainty The preparation of the financial statements. requires management to make judgemenls, estimates and assumptions that affect the amounts reported. These estimates and judgèments are continually reviewed and are based on experience and other factors, induding expectations of future events that are believed to be reasonable under the urcumstsnr£s. IncoTne tax The tax3lion expense preSentS the aggregate amcrtjnl of Current and deferred tax recognised in ihe repon9 period. Current lax is reeognised on laxablè income or expenditure for the current and past periods. Current lax is measured at the amounts of lax expected to pay or recover tjsing the tax rates and laws that have been eftacled or substantively enacted al the reportino dale. 10
Crest Co-operative Ltd (charity) Company Limited by Guarantee Notes to the Financial Statements (Contin{ Year ended 31 March 2022 A¢¢ounting policies fcontinuedj Fund accounting Unrestricted funds are available for use al the discretson of the trustees lo further any of the charitys purposes. Designated funds are unrestricle(I funds eam)ad(ed by the trustees for pa¢[ar fuluie project or commitment. Reslricled funds are subjected to restrictions on their expenditure declared by the donor or through the lerms of an appeal. and fall into one of two SubasSeS.. restricted income funds or endowmenl funds. Incoming resources All incoming resources are induded in the ststemenl ol financial activthes when enlillement has passed to the tharity,. il is probable that the economi¢ benefits associated wilh the transaction will flow to the charity and the amounl carh be reliably meaSU¢J_ The following specific Oicies are applied to particular categories of income.. income from donations or grants is CogniSed when there is evidence of entrtlement to ihe gift, receipt is probable 8nd rts amount Can be measured lIablY. legacy in¢ome is recognised when receipt is probable and entitlemenl is established. income from donated g(d$ is measured at the fair value of the goods unless this is mpractical to measure reliabty, in which case the value is derived from the cost to the donor or the estimated resale vahje. Donated facilities and servi5 are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. inwme frorn contracts for the supply of services is recognised with the delivery ol the contracted service. This is clas&fied as unrestricted funds unless there is a contractual requIrnet fof It to be spent on a particular purpose and relumed If unspent, in which case il may be regarded as $triCted. 11
Crest cOperative Ltd (charity) Company Limited by Guarantee Notes to the Financial Statements (conlinu Year ended 31 March 2022 Accounting policies fcLlniinued) Resour¢es expended Expenditure is reeogni5ed on an accruals basis as a liability is incurred. Expendrture includes Ény VAT which cannol be fully recovere(J. and is classiffied under headings of the stslement of financial aclivities lo which it relates.. expendrture on raising funds includes the costs of all fundraising actNilies, events. non-charilable trading activities, and Ihe sale of donated goods. expenditure on Charitsble activities includes all costs in¢urred by a charity in ijndertaking aclivities that further Its charitable aims for the benefit of its beneficiaries, including those support cosls and costs relating to the governance of the charity apportioned lo charitable aclivities. other expendÈture includes all expentjrture that is neither related to raising ftjnds for the eharity nor part of its expenditure on charilable activities. All costs are allocated to expendrture categories reflecling the use of the sOurCe. Direcl costs attribulable to a single activity are allocated directty to Ihat aclivity. Shared costs are apportion between the activit$ they contribute lo on a reasonabk, justifiable and wisislent basis. Tangible assets Tangible assets are initially recorded at cost, and subsequently ststed at Cost less any accurnulated depreaation and impaimient losses. Any tangible assels carried at revalued amounts a recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and SLtbsequent accumulated impaim)ent losses. An inciease in the ¢arrwng amount of an asset as a result of a revaluation. is recognised in other recognised gains and losses, unless it VerseS a charge for tmpairmenl that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of zn asset as a result of revalu31ion, is recognised in other recognised gains and losses, except lo which it offsets any previous revaluatson gain. in which case the loss is shown within other recognised gains and losses the slalemenl of financial actNlties. Depreciation Depreciation is calcuL3ted so as to write off the CA)St or valuation of an asset. less its residual value, over the useful en0m life of that asset as follows= Property and improvements Long leasehold propety Enterprise activities equip & fittings Office F&F and computer equipment Motor vehicles 4% straight line 4% stratght line 250A straight line 200A straight line 25. straight line 12
Crest Co-operative Ltd (charity) Company Limited by Guarantee Notes to the Financial Statements fcontinuodj Year ended 31 March 2022 Accounting policie5 (¢oniinv8d) Investments Unlisted equity inveslments are initially recorded at cosl. and subsequently measured al fair value. If fair value cannot be reliably measured, assets are measured at cost less Impairent. Listed inveslmenls are measured at fair value wth changes in fair value being nised in income or expenditure. Investments in associates Investments in associates accounted for in acCdanCe wlh the wst model ara recorded at cost less any ac£umulale(l impairmènt l(K%ses. Invesiments in associates accounted for in a"-cordance wth the fair value model are initially recorded at the transaction price. At each reporting date. the investments are measured al fair value. with changes in fair value taken through income or expenditure. Where it is impracticable to measure fair value reliably wthout undue cost cr effort, the Cost model will be adopted. Dividends and other distributions received from the investment a re¢ognised as income wthout reg8rd to whether the distributions are from accumulated profits of the associate arising before or after the date ol acquisilion. Investments in joint ventures Investments in jointty controlled entsties accounte¢Y for in accordance with the cosl model are recorded at cost less any accumulated impairment k)sses. Investments In jointly controlled entities accounted for in accordance with the fair value model are initially recorded 8t Ihe Iransadion pri¢e_ At each reporting date. the Investments are measured al fair value. wth changes in fair value taken through income or expenditure. WheTe il is impracticable to measure fair value liablY vAthout undue cost or effort. the cosl Model will be adopted. Oividen¢Js and Oiher distributKpns received from the investment a cOgnised as income wthout regard lo whether the éistribulions are from accumulated profits of Ihe joint venture arising before or after the dale of acquisition. Impairnient of flxed assets A review for indicators of impairnienl is ¢arried OLrt at each reporting date. wlh the ffcoverable amoljnt being estimated where such indicalors exisl. Where Ihe carying value exceeds the recoverable amounl. the asset is impaired acctxdingty. Prior impairments are also reviewed for F<Jssible reversal al each repor1ing dale. For the purposes of impairmenl testing. when it is not possible to estimate the recoverable amount of an individual asset, an estsmate is made of the recoverable amount of the ¢ash-generating unit to which the asset belongs. 13
Crest Co-operative Ltd (charity) Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2022 Accounting policies (¢¢)ntJnuedJ stocks Sto¢ks are measured al the lower of cost and estimated selling price less wsts lo complete and sell. Cost includes all costs of purchase, costs of C¢Ver510 ar other ¢osts incurred in bringing the stock to its present location and condition. Finance leases and hira purchase contracts Assets hekj under finance leases and hire purchase ¢ontra¢ts are re¢ognised in the stslemenl of financial position as assels and liabilities al the k)wei of the fair value of the assets and the present value of the minimum lease payments, which is detemiined al the inception of the lease term. Any initial d1cl costs of the lease are added to the anKJtJnt recognised as an asset. Lease payments are apportioned belween the finance Charges and reduction of the outstanding lease liability using Ihe effective interest method. Finance charges are allocaied to each period so as to produce a constant rate of interest on the remaining balance of the liability. Government grants Govemment grants a recognised 81 the fair value of the asset re¢eNed or receivablè. Gr8nts are not recognised until there is reasonable assurance that the charity wll c£)mply with the conditions attaching to them and the grants will be received. Where the grant does not impose specified fvture performance-related conditions on the recipient. it is recognised in income when the grant proceeds are received or receivable. Where Ihe grant does impose specified future petlormance-relaled conditions on the recipient, il is recognised in income only when the perfom)an¢e4elated conditions have been mel. Where grants ceiVed are prior to sab"sfying the revenue rec(yJnition criteria, they are recognised as a liability. Defined ¢ontribution plans Contributions lo defined contribulion plans are recognised as an expense in the period in which the related service is provided. Prepaid conlributFons are reeognised as an asset to the extent that the prepayment will lead to a reduction in fuiure payments or 8 cash refuné. When contributions a not expecled to be seltled wholly within 12 months of the end of the reporting dale in which the employees lender the lated servi, the liability is measured on a discounted present value basis. The unwinding of Ihe dis¢ounl Is recognised as an expense in the period in which it arises. 14
Crest Co-operative Ltd (charity) Company Limited by Guarantee Notes to the Financial Statements {continuedJ Year ended 31 March 2022 Limited by guarantÈè Number of trsulees as at the year end was 4. The warranty Ikability is restricted to £1 per Irustee. The company keeps a register of trustees al ils registered office and has been satisfactorily maintained Ihroughoul the current year. An extract has been repmduced below of the overall membership movements=_ Trustees brought forward New trustees appointed Trustees resigne Trustees carii&d forward The list of trustees carried foThvard as at 31.03.2022 is as follows.'- Michael James Thompson Lauren Jonathan Cox Anna Katrina Burke Katie Michelle Baker Grants receivable Unrestricted Total Funds Unrestricted Total Funds Funds 2022 Funds 2021 Donations Donations Crest Trading Stores Ltd 1.034 68.584 1.034 68,584 2CKJ 200 Grants Oenbighshire Work Opportunities HMRC Job Retention Scheme Welsh Government ES Grant Weee Fund Grant Other Grants 195.356 33.715 195,356 33,715 151.510 107,869 49,063 49,795 98.270 157,510 107,869 49,063 49,795 98,270 13.510 . 57.546 13.510 57,546 369.745 369,745 456.707 456,707 15
Crest Co-operative Ltd (charity) Company Limited by Guarantee Notes to the Financial Statements {continuedJ Year ended 31 March 2022 Trading activities Unrestricted Total Funds Unrestricted Total Funds Funds 2022 Funds 2021 Trading incorne Collections Fumiture packs Sales of donated items Ragamuffins toys & clolhes sale5 Room rental Probation service income Training income Other income 86.615 186.972 38,165 53.191 86.615 186,972 38.165 53.191 101,233 224,720 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 22.906 97.260 2,500 27.366 521.539 Y2,906 97,260 2,500 27.366 521.539 500,530 Investment income Unrestricted Total Funds Unrestricted Total Funds Funds 2022 Funds 2021 Bank inteiest weivab 13 13 170 170 Costs of other trading activities Unrestricted Total Funds Unrestricted Total Funds Funds 2022 Funds 2021 Llandudno Junction Shop Cown Bay Communty Store Rhyl Community Store Ebay shop Happi-Tal- Community store Foc¥Jshare project 30.533 24.858 8.924 1.515 14.151 706 30,533 24,858 8.924 1.515 14.151 706 63,166 60,696 4.969 17 63,166 60,696 4.969 17 80.687 80.687 128.848 128,848 16
Crest Co-operative Ltd (charity) Company Limited by Guarantee Notes to the Financial Statements (conlinued) Year ended 31 March 2022 Expenditure on charitablè activities by activity type A¢tivibes undertaken dire¢Uy Supp(yt costs Total funds 2022 Total fun 2021 Work Opportunities Re-use Hub Kerbside Volunleers Training Pabo Lane, Llandudno JunclB)n Happi-Tat Governance costs 105.127 294.437 6,301 105,127 294.437 6.301 83,078 263.882 36.228 30.985 100.317 20,328 30.985 100,317 20.328 225.291 8,625 77,624 10.619 278,155 225.291 557.497 225.291 782.788 758.211 10. Taxation Major components of tax expense 2022 2021 Culnt tax.. UK current lax expense Taxation 32 32 Reeonciliatian af tax expense The tax assessed on the inwme lor the year is the same as 12021.. the same a51 the 5tand8ré rate of corporation tax in the UK of-%12021.. 19%)- 2022 2021 Income befe tsxats.on 27,822 70.348 Income by rate ol tax 32 11. Net in¢ome Nel income is stated after charginglluediting).. 2022 2021 DepCl8.0n of tangible fixed assets 107.817 105.099 17
Crest Co-operative Ltd (charity) Cornpany Limited by Guarantee Notes to the Financial Statements {Goni?nu•dJ Year ended 31 March 2022 12. Staff costs The total siaff costs and employee benefits for the reKKM1ing pericKI are analysed as follows.. 2022 2021 Wages and salaries Employer contributions lo pension plans 569,753 13,775 566.674 9,281 583.528 575.955 The average head Unt of employees ¢Juring the year was 32 {2021.. 33). No employee feceived employee benefils of more than £60.000 dLTrring the year12021.' Nill. 13. Trustee remuneration and expensès No rernuneration or other benefits from employment with the charyty or a re18ted entity were received by Ihe trustees. 14. Tangible fixed assets Enterprise Otfice F&F Long actiwties and Freehold leasehold fittings & computer propwty propety containers equiprnenl Motor vehicles Total Cost At 1 Apr2021 Additions 1.217.828 215,950 287.359 82.047 201.445 24.109 214.055 2,002,734 31.982 272,041 At 31 Mar 2022 1.433.778 287.359 82.047 225.554 246,037 2,274.775 Depreciation At 1 Apr2021 Charge for the year 271,974 11.494 82.047 145.458 166,062 677.035 36.535 27.999 16.070 27.213 107.817 At 31 Mar 2022 308.509 39.493 82.047 161.528 193.275 784.852 Carrying amount At 31 Mar2022 1,125.269 247,866 64,026 55.987 52.762 1,489,923 Al 31 Mar 2021 945,854 275.865 47.993 1,325.699 18
Crest Co-operative Ltd (charity) Company Limited by Guarantee Notes to the Financial Statements {¢onthued) Year ended 31 March 2022 15. Investments Shares in group undertakings Cost or valuation At 1 April 2021 Additions At 31 March 2022 100 Impairment At 1 April 2021 and 31 March 2022 Carrying amount At 31 March 2022 100 At 31 March 2021 All investments shown above are held al valuatson. 16. Stocks 2022 2021 Raw materials and consumables 15,732 17. Debtors 2022 2021 Trade debtors Prepayments and accrued income Other debtS 132,155 104,152 67.105 123,825 47,860 45,103 303,412 216,788 18. Creditors: amounts falling due within one year 2022 2021 Bank loans and overdrafts Trade ¢redilors Accruals and deferred income Corporation tsx Social security anl other taxes Obligations under flnance leases arKI hire purchase ¢ontra¢ts Other creditors - desc in alcs 22 42,999 25,210 89 3.950 22 22,542 50,928 122 259 317 72.587 73,873 19
Crest Co-operative Ltd (charity) Company Limited by Guarantee Notes to the Financial Statements fcon¢inuedJ Year ended 31 March 2022 19. Creditors- amounts falling due after more than one year 2022 2021 Deferred government grants 1,399.689 1,482,218 20. Finan¢e leases and hire purchase contracts The total future minimum lease payments under finance leases and hire purchase contracts are as follows.. 2022 2021 Not later than 1 year {2591 21. Deferred incorne 2022 2021 At 1 April 2021 1.419,649 1,520.729 22. Pensions and other post retirement benefits Defined contribution plans The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £13,77512021'. £9,281). 23. Government grants The amounls recognised in the financbal statements for govemment grdnts are as follows.. 2022 2021 Recognise¢J in creditors". Deferred government grants due after more than one year 1.399.689 1.482.218 20
Crest Co-operative Ltd (charity) Company Limited by Guarantee Notes to the Financial Statements {¢onJAu8d) Year ended 31 March 2022 24. Analysis of charitable funds Unrestrictèd fund$ At 31 March 202 At 1 April 2021 Inefjme Expenditure General'.unds 378.546 891.297 1863,4751 406,368 At 31 March 202 At 1 April 2020 Income Expenditure General funds 308.230 957.407 1887,09DI 378.547 21
Crest Co-operative Ltd (charity) Company Limited by Guarantee Management Information Year ended 31 March 2022 The followlng pages do not fomi part of the financial statements. 22
Crest Co-operative Ltd (charity) Company Limited by Guarantee Detailed Statement of Financial Activities Year ended 31 March 2022 2022 2021 Income and endowments Grants receivable Donations Crest Tiading Stores Ltd Denbighshire Work OpportunrtJ"es HMRC Job Reten4ion Scheme Welsh Government ES Grant Weee Fund Grant Other Grants 1.034 68,584 195.356 33.715 200 151.510 107.869 49,063 49,795 98,270 13.510 57.546 369.745 456.707 Trading activities Trading income Collections Fumiture packs Sales of donated items Ragamuffins toys & dothes sales Room rental Probation seNi¢e income Training income Other income 86.615 186,972 38.165 53.191 6.564 22.906 97.260 2.500 27.366 101.233 224.720 20.735 72,908 6.381 9,735 30,097 12,590 22.131 521.539 500.530 Investmènt income Bank interest re¢eivab 13 170 Total in¢ome 891.297 957,407 23
Crest Co-operative Ltd (charity) Company Limited by Guarantee Detailed Statement of Financial Activities fcontinuEdJ Year ended 31 March 2022 2022 2021 Expenditure Costs of other trading activities Opening slock Pur¢hases Closing stock Wages and salaries Pension costs Rent Rates and water Light and heal Repairs 8nd maintenance Insurance Other establishment hAolor vehicle expenses Legal and pmfessional fees Telephone Other offi¢e cosls Bank Charges and other similar ¢harges Stafflvolunteer travel and expenses Staff weware 8nd other benefits Stsff training Advertising and promotion Tipping and waste fees Other cost of sales Health and safety Miscellaneovs expenses 15.732 14,318 16,454 33,513 15.732 59,495 723 10.000 1,554 4.244 2.323 28.908 1.563 3.327 372 3,674 1.963 896 236 2.442 1.011 149 5.305 1,862 737 2.591 1,748 577 436 753 2,059 1,014 409 403 400 1.060 92 398 29 166 937 80.687 128,848 Expenditurè on charitable activities Opening sto¢k Purchases Wages and salaries Pension Costs Rent Rales and waler Light and heat Repairs and maintènance Insuiance Other estabh'shment Molo¥ vehicle expenses Vehicle leasinglhire Legal and professional fees Telephone Other office cost5 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 2,881 8.183 540.845 12.212 22.750 5.204 13.710 10.191 12,922 1.063 37,110 10.258 12.960 6.644 4.6 Carried forward 698,958 671,734 24
Crest Co-operative Ltd (charity) Company Limited by Guarantee Detailed Statement of Financial Activities (contlnuedj Year ended 31 March 2022 2022 2021 Broughi forward 698.958 671.734 Amortisation D&preciation Other interest payable and similar charges Stafflvolunleers travel and other expenses Staff welfare Stsff training costs Work opps allowance Advertising and promotion SubscriplM)ns and memberships Tipping and w8Ste fees Other cost of sales Hire ol equipment Bank charges and simikr charges Donations and sponsorship Conference and event costs Heallh and safety Computer & sofvare costs UK Entertainment Dylan's NHS Meals Costs Miscellaneous Expenses 199.1191 107.817 194.226) 105.099 6,692 9.849 5.666 4.827 8.415 7.826 2,261 6.382 4.302 598 5.967 1.836 2.042 6.129 25 5.418 6,126 3,888 1.845 2.929 3,959 6,508 7,196 3,930 1.385 1,030 {1.2771 3,466 5,585 20,837 2,494 2.205 782.788 758.211 Taxation CUrnt taxation chargelcredit 32 Total expenditure 863.475 887.091 Net in¢ome 27.822 70.316 25
Crest Co-operative Ltd {charity) Company Limited by Guarantee Notes to the Detailed Statement of Financial ActivFties Year ended 31 March 2022 2022 2021 Costs of other trading activities Llandudno Junction Shop Opening stod( Pijrchases Closing stock Wages and salaries Pension costs Repairs & maintenance Other es¢ablishmenl costs hAolor vehicle expenses Legal and professional fees Other office costs Bank charges and other similar charges Stafflvolunteer Iravel and expenses Staff welfare and other benefrts Staff training Advertising and prtynotson Other cost of sales Health and safely Miseellaneous expenses 10,923 8,212 9.053 31.498 110.923) 22,008 160 1.774 119 3,11S 1,126 488 1.760 1.597 424 293 513 29 112 20 4.704 652 125 103 1,231 1,011 132 1,472 528 242 132 1,060 30.533 63.166 Colwyn Bay Community Store Opening stock Purchases and consumables Closing stock Wages and salaiies Pension costs Rent Rates & water Light & heat Repair5 & maintenance Other establishment Motor vehicle expenses 4.809 3.710 7,401 2,015 14,8091 33.132 563 10.000 1.554 4.067 21Q 8.307 3.267 79 2,048 116 47 1.211 2,19Q Carried forward 23.594 56.353 26
Crest Co-operative Ltd (charity) Company Limited by Guarantee Notes to the Detailed Statement of Financial Activities (Gontinuedj Year ended 31 March 2022 2022 2021 Brought fOnard 23,594 56,353 Legal anL1 professional fee5 Other office costs Bank charges and other similar charges Stafflvolunleer travel and expenses Staff welfare and other benefits Staff loining Advert15ing and promolwJn Tipping and waste fees Health and safely Misc£llaneous expenses 736 249 831 151 106 143 240 916 129 587 31 169 333 917 24,858 60.696 Rhyl Community Store Purchases Wages and salaries Pension costs Light & heal Repairs & maintenance Other establishment costs Telephone Other office costs Staff welfare Tipping and waste fees Health & Safety Miscellaneous Expenses 553 4.797 278 1,626 1.225 86 4,355 177 322 71 30 53 86 65 47 68 8.924 4.969 Ebay shop Purchases Pension costs repairs & maintenance Staffmolunlary Expenses Staff Training Tipping & Waste fees 828 246 17 97 166 178 1,515 Happi-Tat - Community store Purchases Wages Pension costs Rent 11,100 387 Carried fOard 11,931 27
Crest cOperative Ltd (charity) Company Limited by Guarantee Notes to the Detailed Statement of Financial Activities {continuedJ Year ended 31 March 2022 2022 2021 Brought forward 11,931 Rates & water Repairs & maintenance Insurance Olhei office costs StaffNolunteer travel expenses Staff Clothing Cost Staff Training 293 422 896 24 374 106 105 14,151 Foodshare projéct Purchases and Consumables Repairs & maintenance 631 75 706 Costs of other trading activities 80.687 128,848 28
Crest Co-operative Ltd (charity) Company Limited by Guarantee Notes to the Detailed Statement of Financial Activities iconlinued) Year ended 31 March 2022 2022 2021 Expenditure on charitablè activities Work Opportunities Activities undertaken directty Vvages and salaries Pension costs Repairs & maintenance Other establishment costs Moloi vehicle experhses VehiclÈ leasing Legal and professional fees Other office costs StaffNolunleers travel and expenses Staff welfare Staff training costs Work opps allowance Subsc¥iplions and memberships Other Gosl of sales Conference and event costs Health and safety Miscellaneous Expenses 81.582 1.486 760 49 4.176 8.225 188 54 2.250 64.605 1.065 1.688 2.359 8,225 99 43 2,119 317 90 1,845 643 4.827 110 540 76 72 10 623 105,127 83,078 Re-use Hub Activities undértoken directly Purchases Wages and salaries Pension costs Repairs & maintenance Other establishment costs Motor vehide expenses Vehicle leasing Legal and piolessional fees Other office costs Other interest payable and similar charges StsffNolunleers travel and expenses Stsff welfare and other benefits staff training Advertising and promotion Subs¢riptKJns and memberships Tipping and waste fees Other cost of sales Hire of equipment Conference and event costs Heallh and safety Dylan's NHS meals costs 6,829 235.884 5.015 2,906 669 24.894 1.188 3.060 468 110 647 3.761 1.644 829 1.049 876 3.089 407 405 452 5,994 199,386 3,354 3,645 438 14,967 2,230 459 958 2,294 906 554 1.500 1,894 2,937 977 412 20,837 Car¥ied forward 294,182 263,747 29
Crest cOperative Ltd (charity) Company Limited by Guarantee Notes lo the Detailed Statement of Financial Activities (continuedj Yèar ended 31 March 2022 2022 2021 Brought forward 294.182 263,747 Miscellaneous expenses 255 135 294,437 263,882 Kerbside Activities undèrtaken diTrectly PLJrchases ol textile b89$ Wages and salaries Pension costs Repairs & mainlenance Motor vehicle expenses Vehicle leasing StaffNolunteers travel and expenses Miscellaneous expenses 1.354 2.833 416 25 816 3,676 22.850 345 518 3,624 5.071 12 10 6,301 36.228 Volunteers Aclivities undertaken directly StaffNolunleers Iravel and expenses Training Activitiés undertaken directly Wages and salaries Pension Costs Repairs & maintenan Other esf3blishment costs Legal and professional fees Olher office costs StaffNolunteer travel & Expenses Staff training costs Advertising & Promotion other cost of sales Health and safety 26,679 550 226 6.966 58 250 45 364 196 115 2.525 35 1.530 30,985 8.625 Pabo Lane, Llandudno Junction Activitios undertaken directly Opening slock Rales & water Light & heat Repairs & maintenance Other establishment costs Other office costs Depreciation Stsfflvolunteers travel and expenses Staff weifa 559 1,391 9.081 2.207 42 191 61.838 12 233 2,539 8.461 2.289 38 396 84,782 342 Carried lorward 98.855 75,554 30
Crest Coryoperative Ltd (charity) Company Limited by Guarantee Notes to the Detailed Statement of Financial Activities (¢OnlintwdJ Year ended 31 March 2022 2022 2021 8rought forward 98.855 75.554 Stsff Training Advertisino & Promotion Subscriptions arKI memberships Tipping and waste fees Health and safety Miscellane$ expenses 132 292 1.078 165 535 732 26 488 100,317 77.624 Happi-Tat Activitles undertaken directly Wages and salariès Pension costs Repairs & mainlen8nce StaffNolunteers travel and expenses Staff wetfare and benefits Staff Training Other cost of sales Health & Safely 18.412 547 183 7.940 72 213 481 276 228 2.106 20.328 10.619 Govemance costs Wages and salaries Pension costs Rent Rates & water Light & heal Repairs & maintenance Insurance Other establishment costs Motor vehicle expenses Accountancy fees Legal and other professional fee5 Telephone Other offi.ce eosls Amortisalion of govemment grants Depreciation Stsfflvolunteers travel arKY expenses Stsff welfare and benefits Stsff training Advertising and subscriptions SLFbscriptions and memberships Tipping and waste fees Hire of equipment Bank charges and similar charges Donations and sponsorship 175,455 4,198 22,750 2,665 5,249 3,802 12,922 307 7.224 6.791 2,671 6.644 3.943 {99.119) 23.035 3.213 5,186 2,775 7,387 6,667 653 3.895 205.432 3,636 39,000 2,110 9,778 3,451 10,944 511 5,802 8.096 968 6.495 2.188 194,2261 43.261 1.982 3.152 2.838 2.375 2.167 3.536 2.953 1.385 1,030 5,%7 Carried foTh¥ard 214.878 268,864 31
Crest Co-operative Ltd (charity) Company Limited by Guarantee Notes to the Detailed Statement of Financial Activities (continuedl Year ended 31 March 2022 2022 2021 Brought forward 214.878 268,864 Conference and events costs HealLh and safety Computer & Softwa $ts UK Entertainment Miscellaneous expenses 1.355 1.452 6.129 25 1.452 11,2771 2,889 5.585 280 1.814 225.291 278,155 Expenditure on charitable activities 782.788 758,211 32