COMPANY REGISTRATION NUMBER: 03588496 CHARrrY REGISTRATION NUMBER: 1189976 Crest Co-operative Ltd {charity) Company Limited by Guarantee Unaudited Financial Statements 31 March 2023 JONES & GRAHAM ACCOUNTANTS LTD Chartered Certified Accountants 45 Vale Street DENBIGH Denbighshire LL16 3AH Illlllllll •Ac[F(l. 2111212023 COMPANIES HOUSE
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Crest Co-operative Ltd (charity) Company Limited by Guarantee Financial Statements Year ended 31 March 2023 Page Trustees, annual report (incorporaling the directoff s report) . Chartered rtified accountants report to the board of trustees on the preparation of the unaudited statutory financial statements Statement of financial activities (including income and expenditure account) Statement of financial position Notes to the financial statements 10 The following pages do not form part of the financial statements Detailed statement of finanaal activities 21 Notes to the detailed statement of financial activities 24
Crest Co-operative Ltd (charity) Company Limitsd by Guarantse Trustses, Annual Report (Incorporating the Directorfs Report) Year ended 31 March 2023 The trustees. who are also the directors for the purFvJses of company law. present their report and the unaudited financial stalernenls of the charity for the year ended 31 Maich 2023. Reference and administrative details Registered charity name Crest C(wperative Ltd {ch2rtyl Charity registration number 1189976 Company registration number 03588496 Prineipal and registered Unit 2 Briertey 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 secretary Wendy WIlmS Accountants Jones & Graham Accountants Ltd Chartered Certified Accountants 45 Vale Street DENBIGH Denbighshire LL16 3AH
Crest Co-operative Ltd (charity) Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (coniinuedj Year ended 31 March 2023 structure. governance and management Crest Co-operative Ltd is governed by a voluntsry board of Trustees,. during the last reporting year, 6 were registered trustees lincluding the Chairmanl}- We continue to 5ear¢h for an appropriately experiencedlskilled candidate as part of our drive to have a fvll board of 7 Trustees. The board of Trustees ho5 met quarterty by link (due to Covid control measure5} in the last year. The Senior Management team (Managing Director. Strategic Business Development Manager and the Finance Managerl submit monthly reports lo the Trustees and attend the qvarterly Trustee meetings to answer quenes. discuss and vote upon strategic decisions oulsKJe of Ihe scope of everyday operational decision making. Minutes of the meetings are kept by the Company Secretary. All management reports are filed on our central Server and include the following information.. Financial R I Wellbeing ealth and safety Departmental performance Operational updates Project development Grants and conlraels
Crest Co-operative Ltd (charity) Company Limited by Guarantee Trustses. Annual Report (Incorporating the Director's Report) (continuedj Year ended 31 March 2023 Objectives and actlvlties The objecbves of the Charrty are specrficalty restricted to the following". al To advance education, training and volunteering particularly for reople with disabilib.es or in need by reason of their social or economic circumslances. b) The prevention or relief of poverty by the recycling I reuse and provision of furniture, ¢lolhes and other household items to individuals in need andlor charities, or other organisation5 working to prevent or relieve povety- cl The relief of unemployment for the benefft of the public in Such ways a5 may be thought fil, including assistance to find employment dl To promote social inclusion for the public benefit by preventing people from becoming socially excluded. relieving the needs of those people who are socialty excluded and assisting them lo integrate into society. For the purpose of thi5 clause 'socialty excluded. means being excluded from society, or parts of society. a5 8 result of one or rnore of the following factors". unemployment. financial hardship," youth or old age." ill health (physical or mental). substance abuse or dependency including alcohol and drugs., discrimination on the grounds of sex, race, disability. ethnic origin. religion, belief. creed. sexual orientation or gender re-assignment," poor educational or skills attainment,. relationship and family breakdown,. poor housing Ithal is housing that does not meet basic habitable slandards.. crime (either as a victim of crime or as an offender rehabilitating into scciety). el To promote such other charitsble purposes as the trustees may from ts.me to time determine.
Crest Co-operative Ltd (charity) Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (continued) Year ended 31 March 2023 Achievements and perfomiance In the face of a nationwide cosl-of-living crisis. our organizalion confronted subslanlial hurdles in the past year. Nevertheless, we proaclivety sought out opportunities amidst the aéversity and made significant strides in the 2022123 period, advancing the strategies and objectives outlined in our governing document. While we achieved our goals to a lesser exlenl than in previous years due lo reduced activity stemming from the cost-ol-living crisis. we seyzed. new opportunitTres arising in the dynamically changing pandemic-influenced environment. This prompted the Senior Management Team to stay focused on our core objeclives within an unsettled economic Landscape. Throughout 2022123. we lebrated several n01ewhY accompAishrnents'. Launched our fourth Community Reuse store on Gloddaeth S( Llandudno. securing a long-temi rental agreement fof the upper fToor to a restaurant. Addrtionally. we redesigned the k)wer floor lo establish a workshop and training suite. Secured an additional Probation Service Community Payback conlract for 2022123. Expanded the Crest food bank and elevated our training department's capabilities lo deliver accredited training programrres_ Recognizing earty signs of diminished staff well-being, the Senior Management Team maintained a primary focus on employee weware. The team's resilien. commitment, and collective 'can-do' attitude in the face of another challenging year deserve acknowledgment. Our updated business plan priorits.zes the consolidation of core activities a5 we navigate the post-P2ndern landscape. It outlines opportunilies. developments, and objectives for 2023 while contTibuling to the realizalion of our long-lerm vision and charitsble objectives. This plan serves as our working template for a sustainable ftrture beyond Covid. emphasizing the consolidab.on of core objectives such as educab"on, training. volunteering. relief of unempk)yment, preventionlrelief of poverty through reuse, and social inclusion. We remain committed lo playing to our strengths, adhering lo our values, setting realistic objectives. and ultimately fvlfilling our mission. Financial review The company's lumover has reduced from £891.297 in 2022 to £628.214 for the year ending 31 March 2023. This is mainly down lo the significant reducb.on in Tading tIvIty being reported through the company, as it continues to transfer such activity to the subsKJiary company. Total grants received have actually increased by 11 Qk compared lo that of 2022. For this same reason. the total expenditure ha5 also reduced from £863,477 in 2022 10 £598.221 in 2023. a feduclion of 44%. As a result, the company has achieved a surplu5 of £29,993 during the year ending 31 March 2023 These results eonbnue lo be encouraging. especially with the majority of trading activities being transferred to the subsidiary company. Crest Trading Stores Ltd. Small company provisions This report has been prepared in accordance with the provIs)n5 appIlble to companies entitled lo the small companies exemption.
Crest Co•operative Ltd (charity) Company Limited by Guarantee Trustees, Annual Report {Incorporating the Directorfs Report) (cortbnuedj Year ended 31 March 2023 The trustees. annual report was approved on ..... - trustees by.. and signed on behalf of the board of Katie Michelle Baker 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 Co-operative Ltd (charity) Year ended 31 March 2023 As described on the slatemenl of financial position, the trustees of the charity are responsible for the preparation of the financial statements for the year ended 31 March 2023. which comprise the statement of financial activities {including income and expenditure accountl. statement of financial position and the relaled notes_ You consider that the eharity is exempt ffom an audit under the Companies Aet 2006. In accordance with your inStructnS we have compiled these financial statements in order lo assist you lo fulfil your statutory responsibilibes, from the accounting records and from information and explanations supplied lo us. JONES & GRAHAM ACCOUNTANTS LTO 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 2023 2023 Unrestricted funds Total funds Totsl funds 2022 Note Income anfl endowrnents Grants receivable Trading activities Investment income 409,902 218,312 409,902 218.312 369,745 521,539 13 Total Income 628.214 628.214 891,297 Expenditure Expenditure on raising funds.. Costs of other trading activities Expenditure on charitable acbvits.es Total expenditure 8,370 590,359 598.729 8,370 590,359 598,729 80,688 782,788 863.476 Net incorne and net movement in funds 29,485 29,485 27.821 Reconciliation of funds Total funds brought forward Total funds carried fomard 4C6.367 406,367 378,546 435.852 435.852 406,367 The statement of financial activities includes all gains and losses reeognised in the year. All income and expenditure derive from continuing activibes. The notes on pages 10 to 19 forni part of these financial statements.
Crest Co-operative Ltd (charity) Company Limited by Guarantee Statement of Financial Position 31 March 2023 2023 2022 Not• Fixed assets Tangible fixed a$5ets Investments 13 1.428.342 14 100 1,489,923 100 1.428,442 1.490,023 Current assets Debtofs Cash at bank and in hand 15 322,979 55.186 378.165 303.412 85.208 388,620 Creditors.. amounts falling due within one year Net current assets 16 84,431 72,587 316,033 293,734 Total assets less ¢urTent liabilities 1.722,176 1,806,056 Creditors: amounts falling due after more than one year Net assets 17 1,286.324 435.852 1,399,689 406,367 Funds of the charity Unrestricted funds 435,852 4L*,367 406.367 Total charity funds 20 435,852 For the year ending 31 March 2023 the charity was entsved to exempts'on from audit under section 477 of the Companies Act 2006 relating lo small companies. Directors. respon51bilitses'. The member5 have not required the company lo obtain an audit of its financial statemen15 for the yeai in question in accordance with section 476.. The directors acknowledge their responsibilities for comptying with the requirements of the Act with Spect to accounting records and the preparah.on of financial statements. These financial statements have been prepared in accordance with the proviSS applicable lo companies subject lo the small companies. regime. The statement of financial position continues on the following page. The notes on pages 10 to 19 form part of these financial ststements.
Crest Co-operative Ltd (charity) Company Limited by Guarantee Statement of Financial Position {conbnuedJ 31 March 2023 These fin ncial statements were approved by the board of trustees and authorised for issue on *3 and are signed on behalf of the board by.. Katie Michelle Baker Trustee The notes on pages 10 to 19 forn) part ofthtte financial statements.
Crest Co-operative Ltd (charity) Company Limited by Guarantee Notes to the Financial Statements Year ended 31 March 2023 General information The charity is a public benefft entity and a private company limiled by guar8nlee, registered in England and Wales and a fegislered charity in England and Wales. The addiess of the registered office is Unit 2 Brierley House, Ferry Fam Road, Llandudno Junction, Conwy, LL31 9SF. Slaternent of eompliance These financial statements have been prepared in compliance wilh FRS 102. The Financial Repong Standard applicable in the UK and the Republic of Ireland.. the Statement of Recommended Practice applicable to charilies preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republ of Ireland {FRS 102) {Charities SORP IFRS 1021} and the Cornpanies Act 2CK)6. Accounting policies Basis of preparation The financial statements have been prepared on the historical cosl basis, as modified by the revaluation of rtain financial assets and liabilitS and investment properties rreasured al fair value through income or expenditure. The financial statements are prepared in sterling, whiGh is the functional currency of the entity- Going concem There are no material unrtaIntieS about the chanty's abilty to continue. Judgements and key sources of estimation uncertainty The preparation of the financial statements requires management to make judgernenls, estimates and assumptions that affect the amounts rewrted. These estimates and judgements are continually revieweé and are based on experience and other factors. including expectations of future events that are bel*ved to be reasonable under the circumstances. Income tax The taxation expense represents the aggregate affUnt of Cuent and deferred tax recognised in the reporting period. Current lax is recognised on taxable income or expenditure for the current and past periods. Current tax is measured at the amounts of tax expected lo pay or recover using the tax rates and laws that have been enacted or substsntNety enacted at the reporting date. 10
Crest Co-operative Ltd (charity) Company Limited by Guarantee Notss to the Financial Statements (¢ontlnuedJ Year ended 31 March 2023 Accounting policies (conlinuedj Fund accounting Unreslricled funds are available for use at the diSCren of the trustees to further any of the charity's pijrposes. Designated funds are unrestrÉcted ndS earmarked by the trustees for particular future Project or omrnilrnent. Restricted funds are suttyected to restnth.ons on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-¢lasses'. restricted income funds or endowrnent funds. Incoming resources All incoming resour$ are included in the statement ol financial activities when enlillemenl has passed to the charity.. il is probable that the economic benefits associated wf(h the transaction will flow lo the charity and the amount can be reliably measured. The following specific policies are applied to partt"cular categories of income.. Income from donabons or grants is recognised when there is evidence of ents"IlerrEnt to the gift, receipt 15 probable and its amount can be measured reliabty.- legacy income is recognised when receipt Is probable and enliuement is established. incorne frorn donated goods is rr*asured at the fair value of the good5 unless this 15 impractical to measure reliably. in which case Ihe value is derived from the cost lo the donor or the estirnated resale value. Donated facilities and services are recognised in the accounts when received rf the value can be reliably measured_ No amounts are included for the contribution of general v(Aunteers. income from contracts for the supply of services is recognised with the delivery of the contracted SeiCe This is classified as unfestricted funds unless there is a conlraclual requirement for it to be spent on a particular purpose and returned rf unspent, in which case il may be regarded as reStred. 11
Crest Co-operative Ltd {charity) Company Limited by Guarantee Notes to the Financial Statements (confrnuedj Year ended 31 March 2023 Accounting policies (¢tyntinu¢d) Resources expended Expenditure is recognised on an accnjals basis as a liability is illcurd. Expenditure includes any VAT which cannot be fully recovered. and is classified under headings of the statement of financial activities lo which it relates.. expendrture on raing funds includes the costs of all fundraising aclwilies, events, non-charilable trading acbvib"es, and the sale of donated gocKIs. expenditure on charitable aclivilies includes all costs incurre(I by a charity in undertaking activities that further its charilable aims for the benefit of its beneficiaries, including those support Costs and costs relatsng to the govemance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitaNe aclrvities. All costs are allocated lo expendrture categories reflectsng the use of the resource. Direct costs attributable lo a single activity are allocated direcdy to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable. justifiable and consislenl ba51S. Tangible assets Tangible assets are initialty recorded at cost, and subsequently slated al cost less any accumulated depreciation and impairment k)sses. Any tangible assels carried at revalued arnounts are recorded at the fair value al the dale of revaluation less any subsequent accumulated depreciation and subsequent aecumulaled impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses. unless it reverses a charge for impaimienl that has previously been reeognised as expenditure within the statement of financial aclNities A decrease in the carrying amount of an asset a5 a result of revaluation. is recognised in other recognised gains and losses, except lo which it offsets any previous revaluation gain, in which se the loss is shown within other recognised gains and losses on the staterrtnt of financial aetivib"es. Depreciation Depreciab'on is calculated so as to write off the cost or valuation of an asset. less ils residual value. over the useful economic lrfe of that a55et as folk)ws' Property and improvemenis Long leasehold property Enterprise activities equip & fittings Office F&F and computer equiprrent Motor vehicles 4% slraighl line 4% slraighl line 25% straight line 200A straight line 250A straight line 12
Crest Co-operative Ltd (charity) Company Limited by Guarantee Notes to the Financial Statements (continu¢dJ Year ended 31 March 2023 Accounling policies (contintsedj Investments Unlisted equity investments are initially recorded at Cost. and subsequently measured at fair value. If fair value cannot be reliably ryasured, assets are measured al cost less impairment. Listed investments are measured at fair value with changes in fair value being recognised in income or expenditure. Investments in associates Inveslrnenls in associates accounted for in accordance with the cosl model a recorded at cost less any accumulated impairment losses. Investment5 in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting dale. the investments are measured al fair value, with changes in fair value taken through income or expenditure. Where il is impracticable lo measure fair value reliably without undue cost or effort the cost model will be adopted. Dividends and other distributions recetved from the investrment are recognised as income without regard lo whether the distributions are from accumulated profits of the associate arising before or aftei the dale of acquisity"on. Investments in joint Vwbtures Investments in joinlty Controlled entities accounted for in accordance with the cost model are recorded at eost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the Iransaction pri. At each reporting date, the investments are measured at fair value, with changes in fair value taken through income or expenditure. ere It 15 impracticable to measure fair value reliably without undue cost or effor( the cost model will be adopted. DivKlends and other distributions received from the investment are fecognised as income without regard to whether the distributions are from accumulated proffts of the joint venture arising before or after the date of acquisith'on. Impaimient of fixed assets A review for indicators of impairment is carned out at each reporbng dale. with the recoverable amount being eslimaled where such indicalors exist. Where the carrying value exceeds the recoverable amount. the asset is impaired accordingly. Pfior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing. when it is not F(>ssible to esbmale the recoverable amount of an individual asset. an estimate is made of the recoverable arTh)unl of the eash-generaling unil lo which Ihe asset belongs. 13
Crest Co-operative Ltd (charity) Company Limited by Guarantee Notes to the Financial Statements (continu Year ended 31 March 2023 Accounting policies [continutdJ Governmenl grants Government grants are OgnISed al the fair value of the asset received oi receivable. Grants are not recognised until there is reasonable assurance that the charity will comply with the conditions attaching to them and Ihe grants will be received. Where the grant does not impose spectfied future performanrelated conditions on the recipient. il is recognised in income when the grant proceeds are received or receivable. Where the grant does Impose specified future performance-relaled condrtions on the recipient, it is recognised In income only when the performanrelated conditions have been met. lthere grants received are prior to sats"sfying the revenue recognrtion criteria. they are recrMJnised as a Limited by guarantee Number of trustees as al the year-end was 4. The warranty liability is restricted to £1 per trustee. The Company keeps a register of Iruslee5 at its registered Offi and has been satisfactorily maintained throughout the current year. An extract has been reproduced below of the overall membership movemenls'.- Trustees brought fonwdrd New trustees appointed Trustees resigned Trustees carried forward The list of tiustees caffled foThvard as at 31.03.2023 is as follows'.- ichael James Thompson Laurence Jonathan Cox Anna Katrina Burke Katie Michelle Baker Grants receivable Unrestricted Tolal Funds Unrestricted Total Funds Funds 2023 Fund5 2022 Donations Donations Crest Trading Stores Ltd 11.576 171,271 11.576 171,271 1.034 68.584 1.034 68.584 Grants Denbighshire Work Opportunities HMRC Job Retention Scheme Weee Fund Grant Other Grants 209.099 209.099 195,356 33,715 13.510 57,546 195,356 33,715 13,510 57,546 17.956 17,956 409.902 409,902 369,745 369,745 14
Crest Co-operative Ltd (charity) Company Limited by Guarantee Notes to the Financial Statements (etnue) Year ended 31 March 2023 Trading activities Unrestricted Total Funds Unrestricted Total Funds Funds 2023 Funds 2022 Trading income Collections Furniture packs Sales of donated items Ragamuffins toys & clothes sales Room rental Probation service income Training income Other ineome 489 161.051 489 161,051 86,615 186,972 38,165 53,191 6.564 22,906 97.260 2,500 27.366 86,615 186,972 38,165 53.191 6.564 22.906 97.260 2,500 27.366 464 195 715 29.167 14.918 11.313 464 195 715 29.167 14.918 11.313 218.312 218.312 521.539 521,539 Investment income Unrestncted Total Funds Unrestncled Total Funds Funds 2023 Funds 2022 Bank inlerest reIvate 13 13 Costs of other trading activities Unrestricted Total Funds Unrestricted Total Fund5 Funds 2023 Funds 2022 Llandudno Junetion Shop Colwyn Bay Community Store Rhyl Community Store Ebay shop Happi-Tat- Communty store Foodshare project 30.533 24.858 8,925 1,515 14,151 706 30.533 24.858 8,925 1,515 14,151 7(hS 8,370 8.370 8,370 8.370 80,688 80,688 15
Crest Co-operative Ltd (charity) Company Limited by Guarantee Notes to the Financial Statements (cwthu¢d) Year ended 31 March 2023 Expenditure on charitable activities by actlvity type Activities undertaken directly Support costs Total funds 2023 Total fund 2022 Work Opportunities Re-use Hub Kerbside Volunleers Training Pabo Lane, Llandudno Junet Happi-Tat Household Drivers Probation Governance cosls 115.562 115,562 105.127 294.436 6.301 34.753 72.670 34,753 72.670 30,985 74,275 20,328 167.604 11.849 167.604 11.849 187.921 187,921 251,335 782,788 402.438 187,921 590.359 10. Net income Nel income is slated after chargin(credIting)- 2023 2022 Depreciation of tangible fixed assets 141.895 107,817 11. Slaff costs The total staff costs and employee benefits for the reporting period are analy5ed as follows.. 2023 2022 Wages and salaries 371,393 583,528 The average head count of empbyees during the year was 4212022-. 32). No employee received empbyee benefils of more than £60.000 during the year {2022'. Nill. 12. Trustee remuneration and expenses No remuneration or other benefits from employment with the charity or a related entity were received by the trustees. 16
Crest Co-operative Ltd (charity) Company Limited by Guarantee Notes to the Financial Statsments (continue Year ended 31 March 2023 13. Tangible fixed assets Enterprise Office F&F LoThJ activilies and Freehold leasehold fittings & computer property propety containeis equipment Motor vehicles Total Cost Al 1 Apr 2022 Additions 1.433,778 43,201 287,359 82.047 225,554 28,268 246,037 2,274,775 8,845 80,314 At 31 Mar 2023 1.476.979 287,359 82.047 253.822 254,882 2,355,089 Depreciation Al 1 Apr 2022 Charge ft)r the year 308,509 39,493 82.047 161.528 193.275 784,852 77,957 15.010} 34.483 33,606 35,342 228,617 141,895 926,747 At 31 Mar 2023 386.466 82.047 195.134 Carrying amount Al 31 Mar 2023 1.090.513 252,876 58.688 26,265 1,428,342 Al 31 Mar 2022 1, 125.269 247,866 64,026 52,762 1,489,923 14. Investments Shares in group ndertakings Cost or valuation At 1 April 2022 and 31 March 2023 Impairment At 1 April 2022 and 31 March 2023 Carrying amount At 31 March 2023 100 100 At 31 March 2022 100 All inveslrT)enls shown above are held at valuation. 17
C rest Co-operative Ltd (charity) Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2023 15. D8btors 2023 2022 Trade debtors Prepayments and accwed incon Other debtors 145.202 284,563 1106.7e61 322,979 132,155 104,152 67,105 303,412 16. Credltors: amounts falling due wlthin one year 2023 2022 Bank loans and overdrafts Trade creditors Accruals and deferred income Corporation tsx Social security and other taxes Other creditors 22 42,999 25,210 89 3.950 317 49,485 15,737 19,209 84,431 72,587 17. Creditors- amounts falling due after more than one year 2023 2022 Accruals and deferred income 1,286,324 1,399,689 18. Deferred income 2023 2022 Al 1 April 2022 1.286.324 1,419,S49 19. Government grants The amounts recognised in the financ1 ststements for govemment grants are as follows-. 2023 2022 Recognise(l in creditors". Deferred government grants due after more than one year 1,286,324 1,399,689 18
Crest Co-operative Ltd (charity) Company Limited by Guarantee Notes to the Financial Statsments (¢tyllinutdJ Year ended 31 March 2023 20. Analysis of charitable funds Unrestricted funds At 31 March 202 At 1 April 2022 Income Expenditure General funds 406.367 628.214 (598.729} 435,852 Al. 31 March 202 At 1 April 2021 Income Expenditure General funds 378,546 891.297 1863,4761 406,367 19
Crest Cothoperative Ltd (charity) Company Limited by Guarantee Management Information Year ended 31 March 2023 The following pages do not fom) part of the financial statements. 20
Crest Co-operative Ltd (charity) Company Limited by Guarantee Detailed Ststement of Financial Activities Year ended 31 March 2023 2023 2022 Income and endowments Grants receivable Donations Crest Trading Stores Ltd Oenbighshire Work Opportunities MRC Job Retention Scheme Weee Fund Grant Other Grants 11,576 171,271 209,099 1,034 68,584 195,356 33,715 13,510 57,546 17,956 409,902 369,745 Trading activities Trading income Collections Furniture packs Sale5 of donated items Ragamuffins toys & clothes sales Room rental Probation service income Training income Other income 489 161.051 86.615 186.972 38,165 53,191 6.564 22.906 97.260 2,500 27,366 521.539 195 715 29,167 14.918 11,313 218,312 Investment income Bank interest receivable 13 Total Income 628.214 891,297 21
Crest Co-operative Ltd (charity) Company Limited by Guarantee Detsiled Ststement of Financial Activities (coftfynuedj Year ended 31 March 2023 2023 2022 Expenditure Costs of other tradlng activities Opening stock Purchases Wages and salaries Rent Rates and water Light and heat Repairs and maintenan Insurance Other estsblishmenl Motor vehicle expenses Legal and professional fees Telephone Other office costs Bank charges and other similar charges Slafflvolunteer travel and expense5 Staff welfare and olher benefits Staff training Subscriptions and memberships Tipping and waste fees Other cost of sales Conference and event costs Health and safety Miscellaneous expenses 15,732 14,318 30,472 3,327 372 3,674 1.963 896 236 2,442 1.011 54 356 2.059 1,014 409 403 2,698 3,324 230 18 144 1,926 400 1.060 30 92 398 8.370 80,688 Expenditure on charitable activities Purchases Wages and salaries Rent Rates and water Light and heat Repairs and maintenance Insurance Other eslablishmenl Motor vehicle expenses Vehicle leasinglhire Legal and professional fees Telephone Other offits costs Amortisalion Depreciation Other interest payable and similar charge5 8,183 553,056 22,750 5,204 13,710 10,191 12,922 1,063 37,110 10,258 12,960 6,644 4,907 199,119 107,817 110 368,069 15,459 6,808 11,613 8.562 3.186 196 38,174 3,188 11,813 6,698 2,827 (103,9941 141,894 554 Carried forward 515.047 707.766 22
Crest Co-operative Ltd (charity) Company Limited by Guarantee Detailed Statement of Financial Activities (¢tyrfinu¢dJ Year ended 31 March 2023 2023 2022 Brought forward 515.047 707,766 StaffNolunteers travel and other expenses Staff welfafe Staff training costs Work opps allowance Advertising and promotion Subscriptions and memberships Tipping and waste fees Other cost of sales Hire of equipment Bank charges and similar charges Donations and sponsorship Conference and event costs Health and safety Computer & 50fiware costs UK Entertainment Miscellaneous Expenses 11.095 8.346 386 4.752 11.598 11.824 882 3,872 4,276 860 3,803 3,139 589 5.968 1.566 2.356 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 2,205 590,359 782,788 Total expenditure 598,729 863.476 Net income 29,485 27,821 23
Crest Co-operative Ltd (charity) Company Limited by Guarantee Notes to the Detsiled Ststement of Financial Activities Year ended 31 March 2023 2023 2022 Costs of other trading activltles Llandudno Junction Shop Opening stock Purchases Wages, salaries and pensions Repairs & maintenance Other establishment cost5 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 Stsff training other cost of sales Health and safety 10,923 8,212 5.356 125 103 1,231 1,011 132 1,472 528 242 132 1,060 30,533 Colwyn Bay Communlty Slore Opening stock Purchases and consumables Wages, salaries and pensions Rent Rates & water Light & heal Repairs & maintenance Other establishment Motor vehicle expenses Other office costs Bank charges and other similar charges Slafflvolunteer.travel and expenses Staff welfare and other benefits Tipping and waste fees Miscellaneous expenses 4,809 3,710 8,307 3,267 79 2,048 116 47 1.211 129 587 31 169 333 Carned forward 24,858 24
Crest Co-operative Ltd (charity) Company Limited by Guarantee Notes to the Detailed Statement of Financial Activities {¢onlinued) Year ended 31 March 2023 2023 2022 8rought fomaid 24,858 24,858 Rhyl Community Store Purchases Wages, salaries and pensions Light & heat Repairs & maintenance Other eslablishmenl costs Telephone Other office costs Staff welfare Tipping and waste fees Health & Safety Miscellaneous Expenses 553 5,076 1,626 1.225 71 30 S3 86 65 8,925 Ebay shop Purchases Wages, salaries and pensions Stafflvoluntary Expenses Stsff Training Tipping & Vvaste fees 828 246 97 166 178 1,515 Happi-Tat- Communty store Purchases Wages. salaries and pensions Rent Rates & water Repairs & rnaintenan Insurance Other office costs StaffNolunleer travel expenses Staff Clothing Cosl Staff Training 384 11,487 60 293 422 896 24 374 106 105 14,1S1 Foodshare project Purchases and ¢(suM3b1eS Wages, salaries and pensions 2,698 3,324 631 Carried forward 6.022 631 25
Crest Co-operative Ltd (charity) Company Limited by Guarantee Notes to the Detailed Statement of Financial Activities (conOtnue(lJ Year ended 31 March 2023 2023 2022 Brought forward 6.022 631 Repairs & mainlenance staff clothing costs staff training Subscriptions and memberships Conference and events 230 75 144 1,926 30 8,370 7( Costs of other trading activities 8,370 80.688 26
Crest Co-operative Ltd (charity)
Company Limited by Guarantee
Notes to the Detailed Statsment of Financial Activities (continue
Crest Co-operative Ltd (charity) Company Limited by Guarantee Notes to the Detsiled Ststement of Financial Activities (continued) Year ended 31 March 2023 2023 2022 Kerbside Activities undertaken directly Purchases of textile bags Wages, salaries and pensions Repairs & maintenance Motor vehicle expenses Vehicle leasing SlaffNolunleers travel and expenses 1,354 3,249 25 816 12 6,301 Volunteers Activities undertaken directly Slaffwolunleers travel and expenses Training Activities undertaken directly Wages and salaries Repairs & maintenan Legal and professional fees Other offi'ce costs stafflvolunteer travel & Expenses Staff clothing costs Staff training costs Advertising & Promotion Subscriptions and licenees other cost of sales Meetings Health and safety 27,016 27.229 226 250 45 364 750 453 26 386 165 2,275 3,597 85 115 2,525 35 34,753 30,985 Pabo Lane, Llandudno Junction Activities undertaken directly Wages, salaries and pensions Rates & water Light & heal Repairs & rnaintenance Other estsblishrrenl costs Motor vehicle expenses Other office costs Depreciation Stafflvolunteers travel and expenses Staff welfare Staff Training Advertising & Promob'¢)n Tipping and waste fees 3,610 5,048 2,833 2.539 8,461 2,289 38 29S 385 58,868 396 58.740 111 342 132 84 732 556 Carried forward 71,711 73.761 28
Crest Co-operative Ltd (charity) Company Limited by Guarantee Notes to the Detailed Statement of Financial Activities {continued) Year ended 31 March 2023 2023 2022 Brought forward 71.711 73,761 Health and safety Miscellaneous expenses 26 488 959 72,670 74,275 Happi-Tat Activities undertaken directly Wages. salaries and pensions Repairs & maintenance Siafflvolunteers travel and expenses Staff welfare and beneffts Staff Training Other cost of sales Health & Safety 18,959 183 196 481 276 228 20,328 Household Drivers Activities undertaken directly Wages, salaries and pensions Repairs & maintenance Motor expenses Vehicle leasing Legal and professional fees Other office costs other interest payable and similar charges Slafflvolunteer travel expenses Staff clothing costs Advertlsing and promotion Subscriptions and memberships Cost of sales PPE 136,298 227 23,409 3,188 14 554 61 2,898 125 70 108 167,604 Probation Activities tsndertaken directly Wages, salaries and pensions Repairs & maintenance Motor vehicle expenses Stafflvolunleer travel costs Memberships and subscnptions 7.859 3,674 300 11,849 Governance costs Wages and salaries Rent 96,506 15,459 179,653 22,750 Carried forward 111,%5 202,403
Crest Co-operative Ltd (charity) Company Limited by Guarantee Notes to the Detailed Statement of Financial Activities (continue Year ended 31 March 2023 2023 2022 Brought forward 111.96S 202,403 Rates & water Light & heat Repairs & maintenan Insurance Other establishment costs Motor vehicle expense5 Accountancy fees Legal and other professional fees Telephone Other office costs Amortisalion of government grants Depreciats"on Stafflvolunleers travel and expense5 Staff welfare and benefits Staff training Advertising and subscriptions Subscriptions and memberships Tipping and waste fees Hire of equiprnent Bank charges and similar charges Donations and sponsorship conferen and events costs Health and safety Computer & sothyare costs UK Entertainment Miscellaneous expenses 3,198 6.565 4,485 3.186 174 6,314 6.876 3,557 6.698 2.368 (103.9941 83.028 7,032 4,824 2,665 5,249 3,802 12,922 307 7.224 6.791 2.671 6,644 3,944 199,119 49,077 3.213 5,186 2,775 7,387 6,S67 653 3,895 598 5,967 1,355 1,452 6,129 25 1,452 10.967 8,961 326 4,276 860 3,803 3,047 474 5,968 1,566 1,397 187,921 251,334 Expenditure on char•table activities 590.359 782.788 30