COMPANY REGISTRATION NUMBER: 03588496 CHARITY REGISTRATION NUMBER: 1189976
Crest Co-operative Ltd Company Limited by Guarantee Unaudited Financial Statements
31 March 2025
JONES & GRAHAM ACCOUNTANTS LTD
Chartered Certified Accountants 6 Hall Square DENBIGH Denbighshire LL16 3NU
Crest Co-operative Ltd
Company Limited by Guarantee
Financial Statements
Year ended 31 March 2025
| Page | |
|---|---|
| Trustees' annual report (incorporating the director's report) | 1 |
| Chartered certified accountants report to the board of trustees | |
| on the preparation of the unaudited statutory financial | |
| statements | 6 |
| Statement of financial activities (including income and | |
| expenditure account) | 7 |
| Statement of financial position | 8 |
| Statement of cash flows | 10 |
| Notes to the financial statements | 11 |
| The following pages do not form part of the financial statements | |
| Detailed statement of financial activities | 22 |
| Notes to the detailed statement of financial activities | 25 |
Crest Co-operative Ltd
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 31 March 2025
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 March 2025.
Reference and administrative details
Registered charity name Crest Co-operative Ltd 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 (Resigned 14 February 2025) Mrs A K Burke Mrs E Leeb-Redhead Company secretary Wendy Williams Accountants Jones & Graham Accountants Ltd Chartered Certified Accountants 6 Hall Square DENBIGH Denbighshire LL16 3NU
1
Crest Co-operative Ltd
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2025
Structure, governance and management
Crest Co-operative Ltd is governed by a voluntary board of Trustees; during the last reporting year, 6 were registered trustees (including the Chairman)). We continue to search for an appropriately experienced/skilled candidate as part of our drive to have a full board of 7 Trustees.
The board of Trustees has met quarterly by video link.
The Senior Management team (Managing Director, Strategic Business Development Manager and the Finance Manager) submit monthly reports to the Trustees and attend the quarterly Trustee meetings to answer queries, discuss and vote upon strategic decisions outside of the 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 HR / Wellbeing Health and safety Departmental performance Operational updates Project development Grants and contracts
2
Crest Co-operative Ltd
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2025
Objectives and activities
The objectives of the Charity are specifically restricted to the following:
a) To advance education, training and volunteering particularly for people with disabilities or in need by reason of their social or economic circumstances.
b) The prevention or relief of poverty by the recycling / reuse and provision of furniture, clothes and other household items to individuals in need and/or charities, or other organisations working to prevent or relieve poverty.
c) The relief of unemployment for the benefit of the public in such ways as may be thought fit, including assistance to find employment.
d) To promote social inclusion for the public benefit by preventing people from becoming socially excluded, relieving the needs of those people who are socially excluded and assisting them to integrate into society.
For the purpose of this clause 'socially excluded' means being excluded from society, or parts of society, as a result of one or more 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 (that is housing that does not meet basic habitable standards; crime (either as a victim of crime or as an offender rehabilitating into society). e) To promote such other charitable purposes as the trustees may from time to time determine.
3
Crest Co-operative Ltd
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2025
Achievements and performance
During the 2024/25 financial year, Crest continued to deliver significant public benefit in the context of sustained economic pressure arising from the cost-of-living crisis. Demand for the organisation's services remained high, particularly in relation to food insecurity, employability support, and access to affordable household goods. Throughout the year, Crest remained focused on responding to local need, supporting vulnerable individuals, and strengthening communities through inclusive and environmentally responsible services.
The Trustees wish to formally acknowledge the commitment and professionalism of Crest's staff and volunteers, whose contribution has been fundamental to the organisation's achievements.
Community Support and Public Benefit
Addressing food and hygiene poverty remained a core charitable priority. Through the National Lottery funded Happi-tat Project and Crest Foodshare, 85,455 meals were provided during the year, supporting 5,297 individuals. Delivery significantly exceeded original targets, clearly demonstrating ongoing and increasing community need. Service improvements introduced during the year enhanced dignity, access, and operational efficiency.
Employability, Volunteering and Skills
Crest continued to support individuals facing barriers to employment through structured, personcentred programmes. 39 people participated in the Assisted Community Employment (ACE) programme, delivered in partnership with the Conwy Employment Hub. Outcomes included 20 job outcomes, 6 volunteering placements, and 1 educational outcome. Following its success, funding was secured for the programme to continue into 2025/26. Volunteers contributed 5,502 hours of support, and 48 training courses were completed.
Health, Wellbeing and Supported Ability Placement
The Supported Ability Placement (SAP) service continued to deliver inclusive, strengths-based support. During the year, 13,659 hours of support were provided. Crest's community gardens received the Green Flag Award for the for the second consecutive year, recognising high standards of accessibility, environmental management, and community involvement.
Environmental Sustainability and Reuse
Reuse and recycling remain central to Crest's charitable purpose. During the year, 3,111 furniture collections were completed, saving 60 tonnes of furniture from landfill. 267 tonnes of textiles were collected for reuse and recycling. The White Goods service processed 232 tonnes of appliances, supported 1,259 households, delivered £235,950 in savings to customers, and prevented 130 tonnes of CO? emissions.
Community Investment and Governance
Crest reinvested £2,000 directly into local community causes, including schools, sports clubs, and community groups. The organisation achieved UK Reuse 'Business Excellence' status for the second consecutive year following an independent audit. Trustees continued to strengthen governance, risk management, and internal controls, ensuring accountability, transparency, and effective oversight. Staff continued to be paid above the National Living Wage, with ongoing investment in training, wellbeing, and organisational values.
Looking Forward
The Trustees are satisfied that Crest has delivered clear and demonstrable public benefit throughout
4
Crest Co-operative Ltd
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2025
2024/25. With secured funding for key programmes, strong partnerships, and services firmly rooted in community need, the organisation enters 2025/26 in a stable position, and remains committed to delivering its charitable objectives for the benefit of the communities it serves.
Financial review
The financial transactions of the charity during the year and the financial position at the end of the year are set out in the attached accounts and are reviewed in the separate Annual Report. The trustees consider the financial position to be satisfactory.
The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. They intend to keep this matter under regular review.
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
29/01/2026 The trustees' annual report was approved on .............................. and signed on behalf of the board of trustees by:
Mr M Thompson Trustee
5
Crest Co-operative Ltd
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
Year ended 31 March 2025
As described on the statement of financial position, the trustees of the charity are responsible for the preparation of the financial statements for the year ended 31 March 2025, which comprise the statement of financial activities (including income and expenditure account), statement of financial position, statement of cash flows and the related notes.
You consider that the charity is exempt from an audit under the Companies Act 2006.
In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
JONES & GRAHAM ACCOUNTANTS LTD Chartered Certified Accountants
6 Hall Square DENBIGH Denbighshire LL16 3NU
6
Crest Co-operative Ltd
Company Limited by Guarantee
Statement of Financial Activities (including income and expenditure account)
Year ended 31 March 2025
| 2025 | 2025 | 2024 | ||
|---|---|---|---|---|
| Unrestricted | ||||
| funds | Total funds | Total funds | ||
| Note | £ | £ | £ | |
| Income and endowments | ||||
| Donations and legacies | 5 | 515,009 | 515,009 | 552,791 |
| Trading activities | 6 | 130,390 | 130,390 | 220,747 |
| Investment income | 7 | 1 | 1 | 9 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Total income | 645,400 | 645,400 | 773,547 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| Expenditure | ||||
| Expenditure on raising funds: | ||||
| Costs of other trading activities | 8 | 47,727 | 47,727 | 39,876 |
| Expenditure on charitable activities | 9 | 584,887 | 584,887 | 790,275 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Total expenditure | 632,614 | 632,614 | 830,151 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Net income/(expenditure) and net movement in funds | 12,786 | 12,786 | (56,604) | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| Reconciliation of funds | ||||
| Total funds brought forward | 379,248 | 379,248 | 435,852 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Total funds carried forward | 392,034 | 392,034 | 379,248 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 11 to 20 form part of these financial statements.
7
Crest Co-operative Ltd
Company Limited by Guarantee
Statement of Financial Position
31 March 2025
| 2025 | 2024 | ||
|---|---|---|---|
| Note | £ | £ | |
| Fixed assets | |||
| Tangible fixed assets | 13 | 1,331,623 | 1,371,756 |
| Investments | 14 | 100 | 100 |
| ৄৄৄৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄৄৄ | ||
| 1,331,723 | 1,371,856 | ||
| Current assets | |||
| Debtors | 15 | 266,590 | 441,024 |
| Cash at bank and in hand | 45,382 | 43,895 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| 311,972 | 484,919 | ||
| Creditors: amounts falling due within one year | 16 | 111,360 | 271,134 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Net current assets | 200,612 | 213,785 | |
| ৄৄৄৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄৄৄ | ||
| Total assets less current liabilities | 1,532,335 | 1,585,641 | |
| Creditors: amounts falling due after more than one year | 17 | 1,140,301 | 1,206,393 |
| ৄৄৄৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄৄৄ | ||
| Net assets | 392,034 | 379,248 | |
| ৶৶৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶৶৶ | ||
| Funds of the charity | |||
| Unrestricted funds | 392,034 | 379,248 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Total charity funds | 19 | 392,034 | 379,248 |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
For the year ending 31 March 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
The statement of financial position continues on the following page. The notes on pages 11 to 20 form part of these financial statements.
8
Crest Co-operative Ltd
Company Limited by Guarantee
Statement of Financial Position (continued)
31 March 2025
These financial statements were approved by the board of trustees and authorised for issue on 29/01/2026........................, and are signed on behalf of the board by:
Mr M Thompson Trustee
The notes on pages 11 to 20 form part of these financial statements.
9
Crest Co-operative Ltd
Company Limited by Guarantee
Statement of Cash Flows
Year ended 31 March 2025
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Cash flows from operating activities | ||
| Net income/(expenditure) | 12,786 | (56,604) |
| Adjustments for: | ||
| Depreciation of tangible fixed assets | 113,416 | 113,071 |
| Other interest receivable and similar income | (1) | (9) |
| Interest payable and similar charges | 282 | 302 |
| Accrued expenses/(income) | 161,043 | (268) |
| Changes in: | ||
| Trade and other debtors | 9,792 | (112,587) |
| Trade and other creditors | (77,917) | (42,768) |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| Cash generated from operations | 219,401 | (98,863) |
| Interest paid | (282) | (302) |
| Interest received | 1 | 9 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| Net cash from/(used in) operating activities | 219,120 | (99,156) |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | |
| Cash flows from investing activities | ||
| Purchase of tangible assets | (73,283) | (56,485) |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| Net cash used in investing activities | (73,283) | (56,485) |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | |
| Cash flows from financing activities | ||
| Proceeds from loans from group undertakings | (144,350) | 144,350 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| Net cash (used in)/from financing activities | (144,350) | 144,350 |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |
| Net increase/(decrease) in cash and cash equivalents | 1,487 | (11,291) |
| Cash and cash equivalents at beginning of year | 43,895 | 55,186 |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| Cash and cash equivalents at end of year | 45,382 | 43,895 |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ |
The notes on pages 11 to 20 form part of these financial statements.
10
Crest Co-operative Ltd
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 March 2025
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Unit 2 Brierley House, Ferry Farm Road, Llandudno Junction, Conwy, LL31 9SF.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period.
Current tax is recognised on taxable income or expenditure for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
11
Crest Co-operative Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2025
3. Accounting policies (continued)
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
-
legacy income is recognised when receipt is probable and entitlement is established.
-
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
-
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
12
Crest Co-operative Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2025
3. Accounting policies (continued)
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
-
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance 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 charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated 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 impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
13
Crest Co-operative Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2025
3. Accounting policies (continued)
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
| Property and improvements | - | 4% straight line |
|---|---|---|
| Long leasehold property | - | 4% straight line |
| Enterprise activities equip & | - | 25% straight line |
| fittings | ||
| Office F&F and computer | - | 20% straight line |
| equipment | ||
| Motor vehicles | - | 25% straight line |
Investments
Unlisted equity investments are initially recorded at cost, and subsequently measured at fair value. If fair value cannot be reliably measured, assets are measured at cost less impairment.
Listed investments are measured at fair value with changes in fair value being recognised in income or expenditure.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.
Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value taken through income or expenditure. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted.
Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.
Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value taken through income or expenditure. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted.
14
Crest Co-operative Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2025
3. Accounting policies (continued)
Investments in joint ventures (continued)
Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cashgenerating unit to which the asset belongs.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the charity will comply with the conditions attaching to them and the grants will be received.
Where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
4. Limited by guarantee
Number of trustees as at the year-end was 3. The warranty liability is restricted to £1 per trustee.
The company keeps a register of trustees at its registered office and has been satisfactorily maintained throughout the current year. An extract has been reproduced below of the overall membership movements:-
| Trustees brought forward | 4 |
|---|---|
| New trustees appointed | 0 |
| Trustees resigned | 1 |
| Trustees carried forward | 3 |
The list of trustees carried forward as at 31.03.2025 is as follows:-
Michael James Thompson Anna Katrina Burke Ebony Leeb-Redhead
15
Crest Co-operative Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2025
5. Donations and legacies
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
|---|---|---|---|---|---|
| Funds | 2025 | Funds | 2024 | ||
| £ | £ | £ | £ | ||
| Donations | |||||
| Donations | 24,715 | 24,715 | 29,759 | 29,759 | |
| Crest Trading Stores Ltd | 99,000 | 99,000 | 176,729 | 176,729 | |
| Grants | |||||
| Denbighshire Work Opportunities | 201,473 | 201,473 | 217,065 | 217,065 | |
| The National Lottery | 127,326 | 127,326 | 114,238 | 114,238 | |
| Circular Communities Cymru | 54,162 | 54,162 | – | – | |
| Other Grants | 8,333 | 8,333 | 15,000 | 15,000 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| 515,009 | 515,009 | 552,791 | 552,791 | ||
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| 6. | Trading activities | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2025 | Funds | 2024 | ||
| £ | £ | £ | £ | ||
| Trading income | 268 | 268 | 340 | 340 | |
| Collections | 29,338 | 29,338 | 142,409 | 142,409 | |
| Furniture packs | 42,830 | 42,830 | 35,750 | 35,750 | |
| Ragamuffins toys & clothes sales | – | – | 157 | 157 | |
| Room rental | 287 | 287 | – | – | |
| Probation service income | 42,000 | 42,000 | 42,000 | 42,000 | |
| Training income | 11,402 | 11,402 | 6 | 6 | |
| Other income | 4,265 | 4,265 | 85 | 85 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| 130,390 | 130,390 | 220,747 | 220,747 | ||
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| 7. | Investment income | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2025 | Funds | 2024 | ||
| £ | £ | £ | £ | ||
| Bank interest receivable | 1 | 1 | 9 | 9 | |
| ৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶ | ||
| 8. | Costs of other trading activities | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2025 | Funds | 2024 | ||
| £ | £ | £ | £ | ||
| Foodshare project | 47,727 ৶৶৶৶৶৶৶৶ |
47,727 ৶৶৶৶৶৶৶৶ |
39,876 ৶৶৶৶৶৶৶৶ |
39,876 ৶৶৶৶৶৶৶৶ |
16
Crest Co-operative Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2025
9. Expenditure on charitable activities by activity type
| Activities | ||||
|---|---|---|---|---|
| undertaken | Total funds | Total fund | ||
| directly | Support costs | 2025 | 2024 | |
| £ | £ | £ | £ | |
| Work Opportunities | 98,798 | – | 98,798 | 109,233 |
| Precious Plastics | 4,446 | – | 4,446 | 1,095 |
| Training | 14,050 | – | 14,050 | 25,479 |
| Pabo Lane, Llandudno Junction | 92,297 | – | 92,297 | 89,497 |
| Household Drivers | 114,157 | – | 114,157 | 188,396 |
| Probation | 2,411 | – | 2,411 | 2,938 |
| National lottery | 28,641 | – | 28,641 | – |
| Governance costs | – | 230,087 | 230,087 | 373,637 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| 354,800 | 230,087 | 584,887 | 790,275 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
10. Net income/(expenditure)
Net income/(expenditure) is stated after charging/(crediting):
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Depreciation of tangible fixed assets | 113,416 ৶৶৶৶৶৶৶৶৶ |
113,071 ৶৶৶৶৶৶৶৶৶ |
11. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Wages and salaries | 378,389 ৶৶৶৶৶৶৶৶৶ |
519,587 ৶৶৶৶৶৶৶৶৶ |
The average head count of employees during the year was 41 (2024: 41).
No employee received employee benefits of more than £60,000 during the year (2024: Nil).
12. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
17
Crest Co-operative Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2025
13. Tangible fixed assets
| Enterprise | Office F&F | |||||
|---|---|---|---|---|---|---|
| Long | activities | and | ||||
| Freehold | leasehold | fittings & | computer | Motor | ||
| property | property | containers | equipment | vehicles | Total | |
| £ | £ | £ | £ | £ | £ | |
| Cost | ||||||
| At 1 Apr 2024 | 1,492,122 | 287,359 | 82,047 | 257,167 | 292,879 | 2,411,574 |
| Additions | 20,268 | – | – | 53,015 | – | 73,283 |
| ৄৄৄৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄৄৄ | |
| At 31 Mar 2025 | 1,512,390 | 287,359 | 82,047 | 310,182 | 292,879 | 2,484,857 |
| ৶৶৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶৶৶ | |
| Depreciation | ||||||
| At 1 Apr 2024 | 444,796 | 45,977 | 82,047 | 222,617 | 244,381 | 1,039,818 |
| Charge for the | ||||||
| year | 59,140 | 11,494 | – | 27,018 | 15,764 | 113,416 |
| ৄৄৄৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄৄৄ | |
| At 31 Mar 2025 | 503,936 | 57,471 | 82,047 | 249,635 | 260,145 | 1,153,234 |
| ৶৶৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶৶৶ | |
| Carrying amount | ||||||
| At 31 Mar 2025 | 1,008,454 | 229,888 | – | 60,547 | 32,734 | 1,331,623 |
| ৶৶৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶৶৶ | |
| At 31 Mar 2024 | 1,047,326 | 241,382 | – | 34,550 | 48,498 | 1,371,756 |
| ৶৶৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶৶৶ |
14. Investments
| Shares in | |
|---|---|
| group | |
| undertakings | |
| £ | |
| Cost or valuation | |
| At 1 Apr 2024 and 31 Mar 2025 | 100 |
| ৶৶৶৶ | |
| Impairment | |
| At 1 Apr 2024 and 31 Mar 2025 | – |
| ৶৶৶৶ | |
| Carrying amount | |
| At 31 Mar 2025 | 100 |
| ৶৶৶৶ | |
| At 31 Mar 2024 | 100 |
| ৶৶৶৶ |
All investments shown above are held at valuation.
18
Crest Co-operative Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2025
| 15. | Debtors | ||
|---|---|---|---|
| 2025 | 2024 | ||
| £ | £ | ||
| Trade debtors | 134,639 | 144,520 | |
| Prepayments and accrued income | 121,225 | 282,847 | |
| Other debtors | 10,726 | 13,657 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| 266,590 | 441,024 | ||
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| 16. | Creditors: amounts falling due within one year | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Trade creditors | 34,705 | 18,453 | |
| Amounts owed to group undertakings | – | 144,350 | |
| Accruals and deferred income | 17,328 | 20,927 | |
| Social security and other taxes | 56,426 | 84,238 | |
| Other creditors | 2,901 | 3,166 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| 111,360 | 271,134 | ||
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| 17. | Creditors: amounts falling due after more than one year | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Accruals and deferred income | 1,140,301 | 1,206,393 | |
| ৶৶৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶৶৶ | ||
| 18. | Deferred income | ||
| 2025 | 2024 | ||
| £ | £ | ||
| At 1 April 2024 | 1,206,393 | 1,286,324 | |
| Amount released to income | (81,576) | (79,931) | |
| Amount deferred in year | 15,484 | – | |
| ৄৄৄৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄৄৄ | ||
| At 31 March 2025 | 1,140,301 | 1,206,393 | |
| ৶৶৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶৶৶ |
19
Crest Co-operative Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2025
| 19. | Analysis of charitable funds | ||||
|---|---|---|---|---|---|
| Unrestricted funds | |||||
| At | |||||
| At 1 Apr 2024 | Income | Expenditure | 31 Mar 2025 | ||
| £ | £ | £ | £ | ||
| General funds | 379,248 | 645,400 | (632,614) | 392,034 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| At | |||||
| At 1 Apr 2023 | Income | Expenditure | 31 Mar 2024 | ||
| £ | £ | £ | £ | ||
| General funds | 435,852 | 773,547 | (830,151) | 379,248 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
20. Analysis of changes in net debt
| At | |||
|---|---|---|---|
| At 1 Apr 2024 | Cash flows | 31 Mar 2025 | |
| £ | £ | £ | |
| Cash at bank and in hand | 43,895 | 1,487 | 45,382 |
| Debt due within one year | (144,350) | 144,350 | – |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| (100,455) | 145,837 | 45,382 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ |
20
Crest Co-operative Ltd
Company Limited by Guarantee
Management Information
Year ended 31 March 2025
The following pages do not form part of the financial statements.
21
Crest Co-operative Ltd
Company Limited by Guarantee
Detailed Statement of Financial Activities
Year ended 31 March 2025
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Income and endowments | ||
| Donations and legacies | ||
| Donations | 24,715 | 29,759 |
| Crest Trading Stores Ltd | 99,000 | 176,729 |
| Denbighshire Work Opportunities | 201,473 | 217,065 |
| The National Lottery | 127,326 | 114,238 |
| Circular Communities Cymru | 54,162 | – |
| Other Grants | 8,333 | 15,000 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| 515,009 | 552,791 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| Trading activities | ||
| Trading income | 268 | 340 |
| Collections | 29,338 | 142,409 |
| Furniture packs | 42,830 | 35,750 |
| Ragamuffins toys & clothes sales | – | 157 |
| Room rental | 287 | – |
| Probation service income | 42,000 | 42,000 |
| Training income | 11,402 | 6 |
| Other income | 4,265 | 85 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| 130,390 | 220,747 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| Investment income | ||
| Bank interest receivable | 1 | 9 |
| ৄৄৄৄ | ৄৄৄৄ | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| Total income | 645,400 | 773,547 |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
22
Crest Co-operative Ltd
Company Limited by Guarantee
Detailed Statement of Financial Activities (continued)
Year ended 31 March 2025
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Expenditure | ||
| Costs of other trading activities | ||
| Purchases | 15,339 | 16,266 |
| Wages and salaries | 27,450 | 16,953 |
| Repairs and maintenance | 263 | 126 |
| Other establishment | 13 | – |
| Other office costs | – | 23 |
| Staff/volunteer travel and expenses | 2,046 | 861 |
| Staff welfare and other benefits | 80 | – |
| Subscriptions and memberships | 2,536 | 999 |
| Miscellaneous expenses | – | 4,648 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| 47,727 | 39,876 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| Expenditure on charitable activities | ||
| Purchases | 274 | 2,614 |
| Wages and salaries | 350,939 | 502,634 |
| Rent | 25,915 | 39,904 |
| Rates and water | 21,956 | 7,858 |
| Light and heat | 21,372 | 26,720 |
| Repairs and maintenance | 10,648 | 12,082 |
| Insurance | 9,810 | 19,455 |
| Other establishment | 514 | 568 |
| Motor vehicle expenses | 31,966 | 42,078 |
| Vehicle leasing/hire | 113 | 441 |
| Legal and professional fees | 19,612 | 15,489 |
| Telephone | 4,084 | 6,229 |
| Other office costs | 1,553 | 1,806 |
| Amortisation | (81,576) | (79,931) |
| Depreciation | 113,417 | 113,071 |
| Other interest payable and similar charges | 282 | 302 |
| Staff/Volunteers travel and other expenses | 6,322 | 11,917 |
| Staff welfare | 5,609 | 8,973 |
| Staff training costs | 953 | 1,261 |
| Work opps allowance | 447 | 1,588 |
| Advertising and promotion | 7,633 | 6,412 |
| Subscriptions and memberships | 10,014 | 14,378 |
| Tipping and waste fees | 1,662 | 2,087 |
| Other cost of sales | 259 | 1,950 |
| Hire of equipment | 6,186 | 4,492 |
| Bank charges and similar charges | 491 | 5,258 |
| 2,070 | – | |
| Donations and sponsorship | 3,862 | 6,325 |
ৄৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄৄ Carried forward 576,387 775,961
23
Crest Co-operative Ltd
Company Limited by Guarantee
Detailed Statement of Financial Activities (continued)
Year ended 31 March 2025
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Brought forward | 576,387 | 775,961 |
| Conference and event costs | 2,490 | 2,331 |
| Health and safety | 322 | 274 |
| Computer & software costs | 269 | 1,400 |
| UK Entertainment | (53) | 75 |
| Miscellaneous Expenses | 5,253 | 7,419 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| 584,668 | 787,460 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| Total expenditure | 632,614 | 830,151 |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| Net income/(expenditure) | 12,786 | (56,604) |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
24
Crest Co-operative Ltd
Company Limited by Guarantee
Notes to the Detailed Statement of Financial Activities
Year ended 31 March 2025
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Costs of other trading activities | ||
| Foodshare project | ||
| Purchases and consumables | 15,339 | 16,266 |
| Wages, salaries and pensions | 27,450 | 16,953 |
| Repairs & maintenance | 263 | 126 |
| Other establishment costs | 13 | – |
| Other office costs | – | 23 |
| Staff/Volunteer travel expenses | 2,046 | 861 |
| Staff clothing costs | 80 | – |
| Subscriptions and memberships | 2,536 | 999 |
| Miscellaneous expenses | – | 4,648 |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| 47,727 | 39,876 | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| Costs of other trading activities | 47,727 | 39,876 |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ |
25
Crest Co-operative Ltd
Company Limited by Guarantee
Notes to the Detailed Statement of Financial Activities (continued)
Year ended 31 March 2025
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Expenditure on charitable activities | ||
| Work Opportunities | ||
| Activities undertaken directly | ||
| Wages, salaries and pensions | 92,645 | 98,292 |
| Light & heat | – | 19 |
| Repairs & maintenance | 464 | 1,233 |
| Other establishment costs | – | 8 |
| Motor vehicle expenses | 2,070 | 3,363 |
| Legal and professional fees | 197 | 266 |
| Other office costs | 33 | 39 |
| Staff/Volunteers travel and expenses | 2,717 | 3,515 |
| Staff welfare | 85 | 151 |
| Work opps allowance | 447 | 1,588 |
| Subscriptions and memberships | 13 | 485 |
| Other cost of sales | 127 | 274 |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| 98,798 | 109,233 | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| Precious Plastics | ||
| Activities undertaken directly | ||
| Repairs & maintenance | 4,296 | – |
| Cost of sales | – | 1,095 |
| Hire of equipment | 150 | – |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | |
| 4,446 | 1,095 | |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | |
| Training | ||
| Activities undertaken directly | ||
| Wages and salaries | 13,382 | 21,535 |
| Rent | – | 904 |
| Repairs & maintenance | – | 90 |
| Other establishment costs | – | 5 |
| Legal and professional fees | 750 | 750 |
| Other office costs | – | 23 |
| Staff/Volunteer travel & Expenses | 5 | 505 |
| Staff clothing costs | (87) | 398 |
| Staff training costs | – | 369 |
| Subscriptions and licences | – | 900 |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| 14,050 | 25,479 | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| Pabo Lane, Llandudno Junction | ||
| Activities undertaken directly | ||
| Rates & water | 10,316 | 3,457 |
| Light & heat | 8,603 | 11,777 |
| Repairs & maintenance | 1,141 | 3,513 |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| Carried forward | 20,060 | 18,747 |
26
Crest Co-operative Ltd
Company Limited by Guarantee
Notes to the Detailed Statement of Financial Activities (continued)
Year ended 31 March 2025
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Brought forward | 20,060 | 18,747 |
| Depreciation | 68,361 | 66,465 |
| Staff welfare | 207 | 108 |
| Subscriptions and memberships | – | 700 |
| Tipping and waste fees | 1,386 | – |
| Miscellaneous expenses | 2,283 | 3,477 |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| 92,297 | 89,497 | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| Household Drivers | ||
| Activities undertaken directly | ||
| Purchases | 274 | 2,614 |
| Wages, salaries and pensions | 91,655 | 162,381 |
| Repairs & maintenance | 545 | 429 |
| Other establishment costs | 4 | – |
| Motor expenses | 17,364 | 17,309 |
| Vehicle leasing | 113 | 441 |
| Legal and professional fees | 31 | 188 |
| Other office costs | 1 | – |
| Other interest payable and similar charges | 282 | 302 |
| Staff/volunteer travel expenses | 562 | 586 |
| Staff clothing costs | 1,903 | 2,544 |
| Advertising and promotion | 654 | 749 |
| Subscriptions and memberships | 328 | 272 |
| Tipping and waste fees | 89 | – |
| Cost of sales | 132 | 581 |
| PPE | 220 | – |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| 114,157 | 188,396 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| Probation | ||
| Activities undertaken directly | ||
| Motor vehicle expenses | 2,411 | 2,938 |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | |
| National lottery | ||
| Activities undertaken directly | ||
| Wages & salaries | 28,641 | – |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄ | |
| Governance costs | ||
| Wages and salaries | 124,616 | 220,426 |
| Rent | 25,915 | 39,000 |
| Rates & water | 11,640 | 4,401 |
| Light & heat | 12,769 | 14,924 |
| Repairs & maintenance | 4,202 | 6,817 |
| Insurance | 9,810 | 19,455 |
| Other establishment costs | 510 | 555 |
| Motor vehicle expenses | 10,121 | 18,468 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| Carried forward | 199,583 | 324,046 |
27
Crest Co-operative Ltd
Company Limited by Guarantee
Notes to the Detailed Statement of Financial Activities (continued)
Year ended 31 March 2025
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Brought forward | 199,583 | 324,046 |
| Accountancy fees | 4,130 | 8,422 |
| Legal and other professional fees | 14,504 | 5,863 |
| Telephone | 4,084 | 6,229 |
| Other office costs | 1,519 | 1,744 |
| Amortisation of government grants | (81,576) | (79,931) |
| Depreciation | 45,056 | 46,606 |
| Staff/volunteers travel and expenses | 3,038 | 7,311 |
| Staff welfare and benefits | 3,501 | 5,772 |
| Staff training | 953 | 892 |
| Advertising and subscriptions | 6,979 | 5,663 |
| Subscriptions and memberships | 9,673 | 12,021 |
| Tipping and waste fees | 187 | 2,087 |
| Hire of equipment | 6,036 | 4,492 |
| Bank charges and similar charges | 491 | 5,258 |
| Staff welfare | 2,070 | – |
| Donations and sponsorship | 3,862 | 6,325 |
| Conference and events costs | 2,490 | 2,331 |
| Health and safety | 102 | 274 |
| Computer & software costs | 269 | 1,400 |
| UK Entertainment | (53) | 75 |
| Miscellaneous expenses | 2,970 | 3,942 |
| HMRC interest and charges | 219 | 2,815 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| 230,087 | 373,637 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| Expenditure on charitable activities | 584,887 | 790,275 |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
28
Crest Co-operative Ltd 2025
Final Audit Report
2026-01-29
Created: 2026-01-29 By: Emyr Jones (office@jonesandgraham.co.uk) Status: Signed Transaction ID: CBJCHBCAABAAh7zmkInXHbkmC8YbX0kwLx1KWd8PgVod
"Crest Co-operative Ltd 2025" History
Document created by Emyr Jones (office@jonesandgraham.co.uk) 2026-01-29 - 9:16:50 PM GMT
Document emailed to Michael Thompson (mikejthompson23@gmail.com) for signature 2026-01-29 - 9:16:54 PM GMT
Email viewed by Michael Thompson (mikejthompson23@gmail.com) 2026-01-29 - 9:23:09 PM GMT
Document e-signed by Michael Thompson (mikejthompson23@gmail.com) Signature Date: 2026-01-29 - 9:25:17 PM GMT - Time Source: server
Agreement completed.
2026-01-29 - 9:25:17 PM GMT
Independent examiner’s report to the trustees of
Crest Co-Operative Ltd
Company Number: 03588496 Chairty Number: 1189976
We report on the accounts of Crest Co-operative Ltd for the year ended 31 March 2025.
Respective responsibilities of trustees and examiner
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
-
examine the accounts under section 145 of the 2011 Act
-
to follow the procedures laid down in the general Directions given by the commission under section 145(5)(b) of the 2011 Act
-
to state whether particular matters have come to my attention
Basis of independent examiner’s report
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the next statement.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention:
-
(1) which gives me reasonable cause to believe that in any material respect the requirements:
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to keep accounting records in accordance with section 130 of the 2011 Act and
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act
have not been met or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached
Name: Emyr Jones Relevant professional qualification: F.C.C.A Address: 6 Hall Square, Denbigh, Denbighshire, LL16 3NU Date: 29[th] January 2026
On behalf of: Jones & Graham Accountants Ltd