2022-12-31-accounts - Cross Rhythms

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Charity information
Trustees' annual report
Independent examiner's		report	10
Statement offinancial	activities
Balance sheet			12
Notes to the accounts			14

xRhythms:
Internet:	Our website activity has continued throughout the year at around 200,000
	unique users. However, with the retirement of two core members of the
	music editorial team, a reduced amount of content was published. The
	radio station is streamed online along with our Listen Again facilities. Our
	plan isa full repositioning ofthe main CR website when funds allow.
Media Training	We continue to offer training and work experience placements for
Centre:	unemployed youth, as well as university and college student interns.
	There has been a trickle of these in 2022. Similarly through young
	contributors to our xRhythms vision - bloggers and vloggers. This
	plafform offers many opportunities to a whole new swathe of young
	people to be trained in video production/presenting, editing, interviewing,
	journalism and social media skills and we are rebuilding the team post
	COVID. The number of volunteers working with the charity this year
	dropped to about 100from a normal pre-covid level of 160+.
Conway House:	Rental income for use of our premises is a key support to the charity.
	This year all usable space has been rented out to tenants or used as
	meeting room space for our Wheelhouse coworking facility. We
	continued to make reparations and decorations within the building as
	required. The rental income is included in the Statement of Financial
	Activities under Income from non-charitable trading activities.
Marketing:	Much of our marketing is through partnerships, being at events, contra
	deals and through our own media platforms eg the monthly Email
	Communicator, social media etc.We occasionally attend events to profile
	the work.
General:	We continued to campaign for more monthly partners (Friends) and
	donors, as well as numerous trust applications. We secured funding to
	employ a first employee for the station in Bethlehem.
Board membership:	The Board continues to function well with trustees who have expertise in donors.
	key areas and carry that as a specific area of responsibility in addition to
	their collective responsibility. In addition, we have a group of supportive
	consultants who support the organisation as unpaid volunteers.
Trustee Recruitment	Cross Rhythms selects known potential trustees to fulfil a specific role
and Training:	within the board to provide levels ofexpertise necessary for the oversight
	and guidance to comply with our role and responsibilities on behalf ofthe
	To ensure that the potential trustee fully understands the role a pack of
	information is provided that directs them towards the Charity
	Commissions guidance for a well-run charity and guidance for a well-
	managed company. A probationary period is required to allow a time of
	becoming aware of the role and responsibilities and after a review the

					Total Funds	Total Funds
		Note	Unrestricted	Restricted f	2022 f	2021f
Incoming resources from
generated funds
Voluntary income		2	105,890	42,556	148,446	214,429
Activities for generating
funds
Income from non-charitable trading activities		3	59,806	0	59,806	48,180
Income from charitable trading activities		4	16,543	0	16,543	8,419
			76,349	0	76,349	58,599
Total incoming resources			182,239	42,556	224,795	271,028
Resources expended
Costs ofgeneratlngfunds
Costs ofgenerating voluntary income		5	4,571	0	4,571	7,245
Charitable activities
Costs in furtherance of charitable objects		6	125,855	51,803	177,658	233,413
Governance costs		7	5,471	0	5,471	7,285
Other resources expended
Loan interest payable		8	12,372	0	12,372	10,014
Total resources expended		8	148,269	51,803	200,072	257,937
Net incomel (expenditure) the year	for	9	33,970	(9,247)	24,723	13,091
Net gain on investments			0		0
Transfers between funds			2,973	(2,973)	0
Other recognised gains and losses			0	0	0
Net movement in funds relating to the year			36,943	(12,220)	24,723	13,091
Balances brought forward			375,733	51 682	427,415	414,324
Balances carried forward			412,676	39,462	452,138	427,415

						Total	Total
				Unrestricted	Restricted	2022	2021
			Note	5	5		8
Fixed assets
Intangible assets			10	1,340	16,172	17,512	20,140
Tangible assets			11	359,330	1,324	360,854	364,014
Investments			12	338,000	0	336,000	336,000
				696,670	17,496	714,'I66	720,154
Current assets
Stock				0	0	0	0
Debtors				12,442	1,963	14,405	17,469
Cash at bank				0	20,003	20,003	24,354
				12,442	21,966	34,408	41,823
Creditors: within one	Amounts year	falling due	14	(53,149)	0	(53,149)	(85,986)
Net current	liabilities			(40,707)	21,988	(18,741)	(44,163)
Total assets less current liabilities				655,963	39,462	695,425	675,991
Creditors: after more	Amounts than one	falling due year	15	(243,287)	0	(243,287)	(248,676)
Net assets				412,676	39,462	452,138	427,415
Funds
Restricted			16	0	39,462	39,462	51,682
Unrestricted				102,456	0	102,456	65,513
Revaluation	reserve			310,220	0	310,220	310,220
Total funds				412,876	39,462	452,138	427,415

	Voluntary i	ncome
						Total Funds	Total Funds
						2022	2021
						F	5
	Gifts and donations					115,828	103,441
	Gift aid					14,415	13,959
	Grants					5,635	40,500
	Government	Kickstarter Scheme grants				12,568	56,406
	Government	Covid support	and job retention		grants	0	123
						148,446	214,429
3	Income from non-charitable			trading
						Total Funds	Total Funds
						2022	2021
						6	5
	Rents from Cross Rhythms'			premises		59,806	48,180

									Total Funds	Total Funds
									2022f	2021 5
Trading:	Radio	and website advertising							5,839	5,341
Other charitable		trading							10,704	3,078
									16,543	8,419
Activities	for generating			funds
Costs of	generating		voluntary		income				Total Funds	Total Funds
									2022	2021
									5	5
Marketing	and fundraising			costs					153	1,852
Staff costs									4,418	5,393
									4,571	7,245
Costs in	furtherance		of	charitable		objectives
Provision	ofcharitable services								Total Funds	Total Funds
									2022	2021
									6	5
Radio									95,666	94,483
Other charitable		trading							0	(374)
XRhythms									21,352	75,977
Media training									601	1,326
Cross Rhythms		Worldwide							11,378	11,579
Other charitable		support							46,461	50,420
									177,656	233,413
Analysis	of provision		of	charitable		services
									Total Funds	Total Funds
					Staffcosts		Depreciation/ Amortisation	Other costs	2022	2021
							6		5
Radio						60,921	5,945	28,800	95,666	94,483
Other charitable		trading				0	0	0	0	(374)
XRhythms						15,575	493	5,284	21,352	75,977
Media training						801	0	0	801	1,328
Cross Rhythms		Worldwide				3,115	0	8,263	11,378	11,579
Other charitable		support				16,740	0	31,721	48,461	50,420
						97,152	6,438	74,068	177,658	233,413

Governance
			Total Funds	Total Funds
			2022	2021
				8
Salaries			3,666	3,784
Accountancy	fees		0	0
Independent	examination	fees	1,307	1,181
Legal fees			0	0
Professional	fees		498	2,300
			5,471	7,265

Total resour	ces	expen	ded
							Total Funds	Total Funds
				Staffcosts	Depreciation 6	Other costsf	2022 6	2021
Direct charitable		expenditure		97,152	6,438	74,068	177,658	233,413
Activities for	generating		funds	4,418	0	153	4,571	7,245
Governance	costs			3,666	0	1,805	5,471	7,285
Other resources		expended		0	0	12,372	12,372	10,014
				105,236	6,438	88,398	200,072	257,937

The aggregate	payroll costs were:	2022	2021
		6
Wages and salaries		101,800	154,579
Social security	costs	3,436	8,110
		105,236	180,889

						2022	2021
						No	No
	Number offundraising		staff			0	0
	Number ofadministrative			staff		2	2
	Number of management			staff		1	1
	Other direct	charitable	staff			2	7
							10
	Other costs:					2022	2021
						8	5
	Legal and Professional					1,805	3,481
	Other					86,593	74,389
						88,398	77,870
9	Net outgoing resources
	Net outgoing	resources	after charging/(crediting)			2022	2021
						8	6
	Depreciation	and amortisation				6,438	19,378
	(Profit)/loss	on disposal	offixed assets			0	(2,377)
	Independent examination	Examiner's remuneration ofthe charity's accounts			-the independent	1,307	1,181

Tangible Fixed Assets
		Freehold Property	improvements to Property	Equipment	Total
		E	E
Cost or valuation
At 1 January 2022		324,000	3,995	150,094	478,089
Additions		0	450	0	450
Disposals		0	0	0	0
Transfer to investment	property	0	0	0	0
Revaluation		0	0	0	0
At 31 December 2022		324,000	4,445	150,094	478,539
Depreciation
At 1 January 2022			810	113,265	114,075
Charge for the year			168	3,642	3,810
Eliminated on disposal			0	0	0
At 31 December 2022			978	116,907	117,885
Net book value
At 31 December 2022		324,000	3,467	33,187	360,654
At 31 December 2021		324,000	3,185	36,829	364,014

12	Investment Property
	Cost or valuation
	At 1 January 2022	336,000
	Transfer from Tangible fixed assets	0
	Revaluation	0
	At 31 December 2022	336,000

13	Debtors
						2022f	2021
	Trade debtors					6,908	1,460
	Income tax recoverable					485	225
	Other debtors					3,128	11,838
	Prepayments					3,884	3,946
						14,405	17,469
14	Creditors: Amounts	falling due within one year
						2022f	2021f
	Bank loans and overdrafts					6,837	9,227
	Trade creditors					6,903	7,394
	Taxation and social security					1,033	6,511
	Other creditors					14,939	24,715
	Gross wages and employers		national	insurance	accrual	0	13,348
	Accruals and deferred	income				23,437	24,791
						53,149	85,986

					2022 F	2021f
Bank and other loans					243,287	248,576
					243,287	248,576
Of the above loan amounts	the following	amount	is due in instalments	after 5years:
						I
					2022f	2021 K
Bank and other loans					211,182	208,268

Restricted funds
	Brought Forward	Incoming resources	Outgoing resources	Transfers	Balance carried forward
					5
Media Training fund	8,342				8,342
Churches Media Trust	7,657				7,657
UK Youth	24,605	18,465	(41,183)	(2,699)	(812)
Broadcasting Infrastructure	7,686		0	0	7,686
Other Restricted gifts funds	3,392	24,091	(10,620)	(274)	16,589
	51,682	42,556	(51,803)	(2,973)	39,462