2022-12-31-accounts

CHURCHES TOGETHER IN GREAT CROSBY CHARITABLE TRUST

ANNUAL ACCOUNTS – 1 JANUARY 2022 to 31 DECEMBER 2022

	2022		2021
INCOME
Refreshments	81748		42415
Books / Cards	564		312
Donations	5664		2159
Rents	1238		617
Events – Teas	1102		567
Interest	9		2
Amazon	12		18
Gift Aid	753		329
HMRC – CJRS			16202
Sefton Hospitality Grant			9739
TOTAL		91090		72360

EXPENDITURE

Food & Drink 19114 Wages 49058 Electricity & Water 6461 Telephone 847 Rent 3000 Cleaning 1600 Maintenance 1127 Maintenance – new floor Insurance 1110 Equipment 3327 Sundries 490 Petrol /Transport 65 Gifts & flowers 500 PRS Licence 139 Stationery 200 Card Fees 539 TOTAL Net Surplus/Deficit Less Depreciation Charge Plus stock revaluation Surplus (deficit) for Year	10299 45422 4780 736 927 531 3195 1060 1344 759 4 500 86 153 227 87577 3513 2000 1513	70023
		2337 2000 25 362

BALANCE SHEET AS AT 31 DECEMBER 2022

FIXED ASSETS	2022	2021
Leasehold Land & Property	62000	64000
CURRENT ASSETS
Bank Accounts	26189	22908
Petty Cash	145	49
Banking in transit	394	258
Stock	1412	1412
TOTAL ASSETS	90140	88627
ACCUMULATION FUND
Balance as at 1 Jan 2022	88627
Plus surplus for Year	1513
Balance as at 31 Dec 2022	90140

Accounts to 31/12/22 were presented by MS to the meeting having been examined by Graham Murphy of Crosby Lions.

• The year was our first full year of trade following the impact of Covid over the past 2 years and it is very pleasing to see sales turnover at a record level of £81,748 (£42,415) with total income at £91,090 (£72,360).

• Donations were up at £5,664 (£2,159) but this includes 3 years of the annual £1,000 donation from St Lukes to help cover our rent. Tithing contributions stood at just over £1,200 emphasising the importance of this valuable source of income.

• Our Christmas evening raised £558 an excellent contribution once again.

• Net effect of the above was a surplus of £3,513 and with the depreciation charge of £2,000 our reserves improved by £1,513

• Cash balances increased from £23,215 to £26,728

• In previous years we have undertaken a number of improvements to the premises and this year saw us replace a number of appliances in the kitchen and upgrade some of the chairs.

• Once again, it is pertinent to acknowledge the contribution from some of our key staff.

• The Finance Manger / Company Secretary has overseen the Health & Safety issues as well as managing the claims under Gift Aid which have ensured we have been able to meet our Health & Safety guidelines as well as managing our cash flow.

• Our managers have continued with their excellent service to the local community. Without their unstinting support which extends well beyond the contracted hours, Crossroads would not have been able to survive the pandemic and enjoy the financial results as portrayed in these accounts.

• We are grateful to Geoff & Pam Stubbs who have continued the initiative established by Harry and Nora Harwood which effectively sees the bookstall and cards stocked free of charge to Crossroads so that every pound of sales filters through as surplus income.

• Rent receipts were up from £617 to £1,238 and we continue to look for suitable new tenants to gain additional income outside of café hours.

• Charity Commission guidelines suggest cash reserves should be 50% of running costs and we strive to build cash to a level of £35,000 to meet this commitment.

• Whilst a number of fund raising initiatives have been held over the last few years, the longer term security of Crossroads from a financial perspective will be achieved if we can raise further awareness of this valuable ecumenical initiative and increase the number of people tithing each month.

• Since we launched this initiative, the monthly tithes are running at £100 which is reduced slightly from a peak of £130 so we do need to continue to push for more support to secure the long term future of Crossroads.

Independent examinerfs report to the CHURCHES TOGETHER IN GREA T CROSBYCHARITABLE TRi Accounts for the year ending 31$1 December 2022 Respective respon￿7)1￿1es of Truste¢s and Examiner The Trustees ure re￿￿nSible10T the preparation of the occounts. They ctjnsider thot on audit is not requiredfvr thi5 yeor under section 144 of the Charities Art2011 (The Charities Act) ond that on independent exomintition is needed. It is my responsibility to a) Ext7mine the accounts under section 145 of The Chorities Act bj Tofollow the procedures loid down in the generol directions given by the thority Commission (ul￿r section 145(5J(b) of the Churities Art) c) State whether porticular matters hove come to my 17ttention. Basis of the Independent Examlnerfs statement My examination wos corried out in accordance with general dlrections given by the Charity CommisSiDner. An exnminÉ7tion includes a review of the accounting records kept ty the Trustees and o comparison of the accounts presented with these record5. It olso includes considerotion of any unusuol items or disc105ures in the occounts and seeking explonations from the frustees concerning any such motters. The procedures undertaken do notprovide all the evidence thot would be required in on oudi¢ and consequently no opinlon is given os to whether the accounts present a "true andfair" wew, ond the report is limited to those mtrtters set out in the statementbelow. Independent Examiners Statement In ConnectKin with my examination of the account. no matter has come to my attent￿n 11 Which givesme reasonable Cause to believe that in, any material respert. the ￿qUirementS have not been met: al To keep accounting records in accordance wtth sertionlxlof the CharIt￿S Aci bl To prepare accounts which accord with the accounting records and Comp￿ with the accounting requirements of the Chartties Art; 21 To which. in my opinton. attention should be drawn in orderto enable a proper understsnding of the accounts to be ￿ached. Signed dote OL3 Independent Examiner Name oR*Hrtff rtukPR Y Address 30 RosfHovft D cAd56 1/ -1 l3 qv