Company r8gi$tration No. 06057378 (England & Walgs) Charity No. 1119350 Crossgate Church Ltd Company Limited by Guarantoe Report and Financial Statements For The Year Ended 31 December 2023
CROSSGATE CHURCH LTD TRUSTEES REPORT & FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 Contents Pag• Charity Reference and Administrative Details Trustees, Annual Report Independent Examiner's Report Statement of Finawal Activities Balance Sheet 2to7 10 Statement of Cash Flows Notes lo the Financial Stsiements 121021
CROSSGATE CHURCH LTD CHARITY REFERENCE & ADMINISTRATIVE DETAILS YEAR ENDED 31 DECEMBER 2022 Registered charity name Crossgate Church Ltd Charlty registration number 1119350 Company reglstration number 06057378 Registorgd office The Benchmark 25 Ribbleton Streel Preston Lancashire PR15BA Trustees Mr J L Bowen Mr A Gardner Mr l K Ferguson Mr S Baatt Secretary Mr J L Bowen Key Management pgrsonnel Rev J Wright (Pastor) Independgnt gxamlner UHY Hacker Young Manchester LLP Chartered Accountsnts Si James Building 79 Oxford Street Manchester M1 6HT
CROSSGATE CHURCH LTD TRUSTEES, ANNUAL REPORT YEAR ENDED 31 DECEMBER 2023 The Trustees of the Charity. who are also Directors of Ihe Company for the purposes of the Companies Act 2006, present their report with the financial statements of the Charity for the year ended 31 December 2023. Objectivos and activitles The Charity exists in order lo demonslrale the love of G1 in word and action, provide worship facilities to the membership and wider congregation and lo provide fellowship and SUPF)Ort for each other. The Charity's vision is- To make fulty devoted followers of Jesus Christ and the Charity hopes to achieve this through a biblically based purpose centred on two passages. Mafk 12=30-31 and Matthew 28.'19-20 (Jesus, Great Commandment and Great Commission) which describe loving Gr1. loving your neighbour. making disciples and teaching Jesus, commandments. Crossgale Church summarises this purpose with the phrase.. To be a Christ Cenlred Community. Loving People Transfomiing Lives This purpose encompasses and encourages the Charity's activities both internally and exlemally. The Charity continues lo leach and demonstrate the love of God in Preston. offer multiple worship services throughout the week and provide both spiritual and tangible support for membership and the wider public. Simultaneously il extends ils charitable work lo meet a variety of social. spiritual and economic needs in the community, regardless of background, race or creed whilst keeping Jesus at the centre wtth the belief that il is not charitable action making a drfference in their life bul his transforming power. The strategies we employ lo fulfil our aims and objectives can be classified into Nvo broad areas- looking inwards and looking ouhvards. The Iruslees have paid due regard lo guidance issued by the Charity Commission in deciding what activities the Charity should undertake. Looklng Inwards Sunday morning services are at the heart of Crossgale's ministry and offer a place where everybody can connect spiritually and meet with God through bible-based leaching. vibrant. modem and energetic worship and prayer. Each Sunday the congregation are encouraged lo share and pray for each other in a safe environment, offering support and encouragement lo each other. There is also a practical element where visitors and guests can be introduced to the church via the 'Nexl Steps Desk, which keeps track of guest numbers and encourages sign ups lo small group's which happen during the week in various guises. We believe that strong small groups are the foundation lo a healthy church and seek lo encourage community through small groups, as a growing church we are aware that this can often lead lo isolation and people feeling left out. small groups are a way lo combat this and strengthen community. Sunday Services offer programmes for all ages held weekly for toddlers up lo high school ages. There is also a parent and child room with comfortable seating, toys and a TV wlh live video stream of the main service for parents with younger babs. Crossgale completed the building work in eady 2023, providing a 100-sealer Youth room and a 60 sealer children's room for use on Sunday mornings and throughout the week for various outreach involving our young people. Athough Sunday morning is the busiest service attended, there are a number of classes and courses running throughout the week. Faith and evangelistic base(1 courses such as Alpha and Chiistian Essentials support the charity's vision in making fully devoted followers of Jesus Christ. Simultaneously there are approximately 20 'small groups, or 'Hope Groups, which meet throughout the week at various locations for numerous purposes and online via Zoom, often with a practical aspect, hobby or theme. Completion of the upstairs building Work also saw the completion of the Chapel room used as a designated space for qu*t refieclK)n, prayer, devotion and for pastoral care meetings. Throughout 2023, Crossgate Church's online presence continued with all services recorded and aired live professionally via our website and YouTube for the congregation who are unable lo attend in person. This continues lo be a valuable outreach and is used by many including those in other countries.
CROSSGATE CHURCH LTD TRUSTEES, ANNUAL REPORT YEAR ENDED 31 DECEMBER 2023 Crossgale continues lo prepare meals for vulnerable members of the church and the local community lo provide support. This continued each week throughout 2023 and basic groceries were also donated to those in need as well as the meals. On average over the year, some 6.700 meals were prepared and 2065 bags of groceries were delivered to al least forty households or individuals per week. By seeing people regularly and building trust, we have been able lo provide further support to some families with debt problems, budgeting, loneliness and support lo access benefits. In the spring of 2023 we were able lo introduce a new element lo our Community Hub and opened our own Community Foodbank, Up lo the end of the year we had given food I shopping on a weeY basis lo approximately Ihity five families or individuals on 8 weekly basis, as well as the regular food deliveries. Al the end of 2022 we started a drop-in cmMunity hub in our churth coffee shop. where those we were helping with meals and others from the Ictal community were able to come in for a coffee, chal and access support for debt management and benefits advice elc. This has continued throughout 2023 anil remained a positive outreach for the community. We have made relationships and gained trust with local homeless people, street ladies and those ballling addiction, providing food. toiletries and support with housing applications and benefit claims. Some of these people choose lo meet with their mental health workers and SUPPOrt workers in our café so that we can also offer support. and we have some local addiction recovery groups that meet on our premises so that service users can come and receive prescription medicines by professionals, arKI support in olhef areas from us. We have also inlroduce(f groups run by our own staff and volunteers including a 12 slep recovery programme and Hope in Mental Health groups. The introduction of the Foodbank means that even more people are coming in and able to access support from us. Looking Outwards The completion of the building works not only serve the church internally but are used for serving the community exlemally also. The newly renovated spaces are used for events for external parties and includes a shower for those in need. We work cfosely with three local prisons in a number of ways. Practically HMP Preston used Landmark and Benchmark for probation training for prisoners. a5 well as other training purposes for prison staff. Crossgate has a team of volunteers who SUppt the existing chaplaincy team in HMP Wymott & HMP Preston. The Church coffee shop which is located within Landmark is open for limited hours Monday- Friday and is of particular importance to HMP Preston who use il on a regular basis for visitors and family members for whom we provide support if needed. The church works closely with other ¢hurche5 and organisalions both locally and nationwide and is a member of the Evangelical Alliance and Lancashire Churches Together,. the Pastors are members of a UK Leadership Neork that meets bi-annually. Crossgale is also a member of the Grow Leadership Network that meets twi a year. Crossgale Hub is now a regislered Warm Welcome Space in Lancashire and appears on the Warm Spaces website. I"Warm Welcome Spaces come in all shapes and &zes.' community centres, librarAes, churches. community Gafes. arts ntre$, local businesses. and sclKJols. No matter where they are based, you can be assured ola warm and Inpndly welcome.") Crossgate Church is blessed to be seen as a church of influence and significance and fully appreciates the opportunities that are offered lo serve the local community and wder afield. This is particularly relevant within the immediate community and the relationship that has been developed with HMP Preston. Across the generations Crossgale Church is blessed to be able to be the 'hands and feel. of Jesus to those in need. whether il be dose lo home or overseas.
CROSSGATE CHURCH LTD TRUSTEES, ANNUAL REPORT YEAR ENDED 31 DECEMBER 2023 Achievements and porformance The conlinualion of Landmark's building and development work throughout the year has been the ongoing story for Crossgale Church. The gradual Iransfomalion from a garage and warehouse lo a multi-functional pla of worship continues lo be a story of both encouragement and ambf(ion for the future of the Church in Preston. This major project was overseen by a dedicated building team made up of industry experts and professionals. The venue seThes both meml)ers of the Church alld the local community. 11 is also hired out for larger one-off corporate events. The café area has increased its service for HMP Preston and operated as a visitor centre for families of inmates. Going forwards this is an area of development and growth for Crossgale Church. In December we had multiple Christmas events. our Christmas Celebration Servi$ were once again a great success both online and in person. We were able to host our annual special Carol Service in HMP Preston again this year. The church was invdved in distributing Christmas assistance lo over 285 households by providing frxjd hampers. Christmas lunches. gift bags and while goods. Some families received 'Chrislmas Dinner in a bag, where we gave them a turkey, vegetables and all the trimmings so that they could cook their own Christmas lunches. Grfts were given lo children who are known lo us through the Community Hub and we provided a Christmas lunch paty for those who regularly allend the hub. Gifts were also given to those who were nominated through our partnerships with other organisalions. inclLtding gifts for children of sefving offenders, social services and local schools. Structurei governance and managefflent The Charity is controlled by ils governing d(ument. a Memorandum and Articles of Association, and conslilules a limited company, limited by guarantee. as defined by the Companies Act 2006. Following a review of the governance stnjcture of the Charity in 2015 the previously separate groups of Trustees and Elders were consolidated into a new. single 'Leadership Board. in March 2016. The purpose of this change was to improve commullicalion, facilitate management efficiency and streamline decision making. The Board provides accountability and oversight for tx)th the spiritual aspects and legal responsibilities of the charity. Suitable candidates for new Trustees are idenlrfied and discussed by the current TnJstees and Lead Pastor. Consensus is required on candidates lo take forward before the appointment process prOed$ further. A candidate evaluation and interview pft)ss then lakes [a¢e. Successful candidates are then announced to the Membership and, provided there are no objections. the new Trustees are formally appointed. If objections are raised, the Trustees will seek lo clarify 2nd endeavour lo resolve the issue. However, should any doubl remain as lo the integrity of the person in question. then approval will not be granted. New Tnjstees are required lo sign a copy of the Charity 'Slatemenl of AfFimialion.' confirming they have not been disqualified from acting as a Trustee. they have no criminal record and their personal financial affairs are above reproach. They are also given a copy of the latest available accounts, a copy of the Charity Commission publication The Essential Trustee - What You Need to Know. and a copy ol the Memorandum and Articles of Association for infomialion and reference. Oryanlsational structure The day-to-day running of Crossgale Church is shouldered mainly by the Church Staff, under the leadership of Ihe Lead Pastor (Josh Wright), who has been empowered by the Tnjslees to carry out their duties within an agreed process. The Pastors allend Trustees meetings and the Lead Pastor acts as intermediary between the Trustees and the Staff Team. The Pastors and the Leadership Board are ultimately responsible for the spirilual health of the Church and oversee the pastoral care of the Congregation. They constantly seek lo determine God's will for Crossgale Church, in order that they may lead the Church forward both in vision and direction. Within this remit they also strive lo empower and release key people within the various Ministries. Ministry Leaders are directly responsible lo the Pastors, Wt meet on a weeY basis.
CROSSGATE CHURCH LTD TRUSTEES, ANNUAL REPORT YEAR ENDED 31 DECEMBER 2023 Dr Martin Trench started his role as the Senior Pastor of Cr05sgale Church in May 2022, which sadly came lo an end in December 2023 due to personal circumstances which led lo Martin and his family returning lo Canada. We were sad to see Martin leave tMJI he left with the full sijpport and blessing from the Trustees and the whole church. This retumed Crossgate to a position of needing to identify and appoint a Senior or Lead Pastor. Back in November 2021, we selected 4 applicants for interview. who we fell were all suitable candidates. During the interviews. G(MJ made il abundantly clear lo all of us that Dr Martin Trench was lo be appointed. Pastor Joshua Wright also applied for the role and finished a close second behind Martin Trench, after going through the process where he was independenuy and objectively assessed by the internal and external individuals involved on the interview team. The board. along with Joshua himself. did not feel the timing was right for him in 2021. However, following 2 further years of professional. pastoral. and spiritual development in his continued role al Crossgale Church along with 18 months of direct mentorship from Dr Martin Trench. we were confident Joshua is now in the position lo lead the church in a permanent position and we believe there is an anointing on his life lo take up this role. This is therefore. a continuation of the process that was started 2 years prior being as Joshua already went through the interview process and finished very highly. We conducted further discussions with Joshua following news of Martins departure and we were all in agreement lo offer him the position wilhoul going down an unnecessary lengthy new process across several months. Pastor Joshua Wright was appointed Lead Pastor. of Crossgate Church, on the 18th December 2023. Rolationships between the Gharity and related parties None of our Trustees receive remuneration or other benefit from their work with the Charity. Any connection between a Trustee or senior manager of the charity with a partner organisalion or supplier musl be disclosed lo the Truslees in the same way as any other contractual relationship with a related party and this is acknowledged within the confl1 of Interest licY. Pay policy for senlor staff The Directors comprise the Board of Directors. who are the charity's Trustees, and the Senior Management Team comprise the key management personnel of the Charity. in charge of directing and controlling, running and operating the Charity on a day-lo-day basis. The Leadership Team al the start of the year comprised of Josh Wright {Pastor) only but with more intentional and regular support from the board of Trustees. He was later joined by Rev Dr Martin Trench who overtook the role as Pastor upon joining the church. All Directors give their lime freely and no Director received remuneration in the year. The pay of the senior staff is reviewed annually. A salary framework for 811 roles within the chLFrch is in place. This has been benchmarked against pay levels in other similar organisalions of comparable size. In addition to defining pay bandings for each role type this framework also provides 8 fflechanism by which staff can be awarded pay increments in recognition of additional responsibilities. Volunteers The Trustees wish lo place on record Iheir undoubled appreciation of the tireless work carried out by volunteers on behalf of the Charity. without which the Church could not continue in its present form. Rlsk managgment The Iruslees have a duty lo identrfy and review the risks lo which the Charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud irregularity and error. Trustee approval is required for all signrficant items of expenditure. Receipts or invoices are required in support of payments, which are allocated against the appropriate cost cenlres in our accounting system to ensure that an audit trail is provided for all expenditure.
CROSSGATE CHURCH LTD TRUSTEES, ANNUAL REPORT YEAR ENDED 31 DECEMBER 2023 Appropriate insurance cover is irb pla and is regularty reviewed to ensure that the charity's risks are managed properly. We are adequately covered for Public and Employers Liability Insurance. 11 is a requiremenl that all Tnjstees and persons workin9 wilh children andlor vulnerable adults are cleared by the Police under the Disclosure and Barring Service scheme. The charity also subscribes to 'Thirlyone'.eighl' (formally the Churches Child Protection Advisory Service) to ensure compliance with the rules and regulations relating to children and vulnerable adults. Safeguarding is a priority of the charity and a dedicated safeguarding team comprising of a Leader and 2 deputies {splil into age-appropriale groups) meet regularly for updates and lo discuss w)tential safeguarding issues. This is also in close communication with Thirtyone'.eight, an independent Christian safeguarding charity. Financial review During the year ended 31 December 2023 the Charity r1Ved total incoming resources of £437,037 of which £12,116 was received as reslricled funding. Costs of £445,052 were incurred in connection with the delivery of direct charitable activities and associated support costs. No material costs associated wlh fundraising were incurred duTing the year. Cash al the year end was £51.704 (2022= £283.192) with the decrease being due to the planned expenditure incurred in the completion of the building works on the first lloor of the Church. The Charity's main source ol regular income is support from the membership. There is never certainty over the levels of donations that the Charity receives. Reservo$ policy Al 31 December 2023 the Charity held total funds of £1.629.064 of which £39.294 was restrTcled for future use, as detailed in note 15. Unrestricted funds lolalled £1,589,770. which included the designated fixed asset fund of £1.594,363 and general unrestricted funds of £{4.593). 11 is intended that sufficient reserves are retained in order lo enable the Charity lo undertake ils financial commitments for a minimum of two months. The level of available. liquid unrestricted funds carried forward St 31 Dmber 2023 was therefore below this target. Going ¢oncem The directors are taking all available steps lo efflendY manage cash flow. to reduce costs and lo plan appropriate commercial actions to take during this period of instability across the UK economy. This includes exploring all available supporl being made available from the UK Govemmenl. The directors believe that the Charity 15 well placed lo manage its business risks successfully despite the eurrenl uncertain economic outlook. After reviewing the Charity's forecasts and projections and obtaining addition21 loan funding through the Governments available loan schemes. the direclors have a reasonable expectation that the Charity has adequate resources lo continue operational existence for the foreseeable future. The directors therefore believe that il remains appropriate lo prepare the financial slatefflenls on a going concern basis.
CROSSGATE CHURCH LTD TRUSTEES, ANNUAL REPORT YEAR ENDED 31 DECEMBER 2023 Plans for future periods Crossgale currently has both online and in-person services on Sunday moming. However. one of the core principles is that of Small Groups and we see these as the foundation of our Church 'family' enabling members to invite new people to various groups throughout the week outside a regular church service. The development and continuation of small groups is lo be extended and pushed as a key ministry area. Our work with other faith based and secular organisalions, govemment agencies and local community groups continues lo flourish. It 15 our aim to continue lo develop these relationships, with the aim of 'Loving People and Transforming LNes'. Heading into 2024 we are excited lo develop the way in which our rooms are being sjsed to best serve the church, the community and lo generate further income allowing us lo even further serve and support the community. Having completed the main works on Ihe mezzanine, we are now keen lo develop the 9round floor. adjust the floorplan and rwurpose the space lo oplimise the churches reach and impact. Signed by order of the trustees= r J L Bowen. Secretary Date.. 23 September 2024
CROSSGATE CHURCH LTD INDEPENDENT EXAMINATION REPORT YEAR ENDED 31 DECEMBER 2022 I report to the Charity trustees on my examination of the ac(xJunts of the Company for the year ended 31 December 2023, which are sel out on pages 9 10 21. Rosponsibilities and basis of report As the Charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 {'Ihe 2006 Act'l. Having satisfied myself that the accounts of the Company are not required lo be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 I'the 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission under section 14515) {b} of the 2011 Act. Since the Company's gfOSS income exceeded £250.000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confimi that l am qualrfied to undertake the examination because l am a member of ACCA, which is one of the listed bodies. Indopendant exam¢ngr's stat8mgnt I have completed my examination. I confimi that no matters have come lo my attention in connection with the examination giving me cause lo belteve- accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act.. or 2. the accounts do not accord with those records,. or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that Ihe accounts give a 'lrue and fair view which is not a maller considered a5 part of an independent examination., or 4. the accounts have nol been prepared in accordan with the methods and principles of the Statement of Recommended Practi for accounting and reporting by charities applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021. I have no concems and have come across no other mallers in connection with the examination lo which attention should be drawn in this report in order lo enable a proper understanding of the accounts lo be reached. Sle Tayson ACA FCCA For and on behalf of UHY Hacker Young Manchester LLP Chartered Accourbtants Sl James Building 79 Oxford Street Manchester M1 6HT Dale: 23 September 2024
CROSSGATE CHURCH LTD STATEMENT OF FINANCIAL ACTIVITIES (INCL INCOME AND EXPENDITURE ACCOUNTI YEAR ENDED 31 DECEMBER 2023 2023 2022 Unrestritted Restsicted nds funds Total Income and endowments from: Donations and legacies Charitable activities Investments Other 351.705 57.311 1.093 14.812 12.116 363.821 57,311 1.093 14.812 799.814 50,548 517 11,382 Total Income 424.921 12.116 437.037 862.261 Expenditure on: Charitable activities 434.582 10.470 445,052 430.731 Total expenditure 434.582 10,470 445,052 430.731 Net income l (expenditure) (9,6611 (8,015) 431.530 Transfers between funds 236.022 {236.0221 Net movement In funds 226.361 (234,3761 (8,015) 431.530 Reconciliation of funds- Total funds brought forward 1.363.409 273.670 1.637.079 1.205.549 Total funds carrled forward 15 1.589.770 39,294 1,629,064 1.637,079 The Statement of Financial Activities includes all gains and losses in the year. All of the above amounts relate to continuing aclNities.
CROSSGATE CHURCH LTD BALANCE SHEET YEAR ENDED 31 DECEMBER 2023 2023 Unrestrlcted Restricted lunds funds 2022 Total Total Noi• Flxed assets Tangible assets Intangible assets 2.129.524 183 2,129.707 2,658 2.132.182 183 2.132.365 2.024,137 274 2.024,411 10 2,658 Current assets Debtors Cash at bank and in hand 11 32.681 15.068 47,749 32.681 51.704 84.385 34.532 283,192 317,724 36,636 36.636 Croditors.. amounts falling dug within one year 12 {58.946) (58,946) {149.673) Net current {liabilities)lassets {11.197) 36.636 25.439 168,051 Total assets less Gurrent liabilities 2.118,510 39.294 2.157.804 2.192.462 Creditors: amounts falling due after more than one year 13 {528,740) (528,740) {555.383} Net assets 1.589.770 39,294 1,629,064 1.637,079 Charity Funds Unreslricled funds Designated fixed asset fund Reslricled funds 14,593} 1,594,363 {4,593} 1,594,363 39,294 31,487 1,331,922 273,670 39.294 Total funds 15 1.589.770 39.294 1.629.064 1.637,079 For the period ended 31 December 2023 the Charity was entiued lo exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Trustees. responslbllltles: The members have not required the Charity to obtain an audit of its accounts for the year in question in accordance with section 476,. and the Iruslees acknoyledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. The financial slalemenls were approved by the members of the committee and authorised for issue on 23 September 2024 and are signed on their behalf by: Mr J L Bowen, Trustee Company registration number.. 06057378 10
CROSSGATE CHURCH LTD STATEMENT OF CASH FLOWS YEAR ENDED 31 DECEMBER 2023 2023 2022 Cash flow from operatlng actlvltles 20 163,284) 529.987 Cash flow from invesling activities Investment income Purchase of tsngible fixed assets 1.093 1138.0531 517 (288,9091 1136.9601 (288,3921 Cash flow from financing activitles Repayment of borrowings (31.2441 (56,7541 {31.244) (56.7541 Net Incr&e1(deCreasel in cash and cash equivalents (231.488) 184.841 Cash and cash equivalents at 1 January 2023 283,192 98.351 Cash and cash equivalents at 31 December 2023 51.704 283,192 Cash and cash gquivalgnts consists of: Cash at bank and in hand 51,704 283.192 Cash and cash equlvalents at 31 December 2023 51.704 283,192
CROSSGATE CHURCH LTD NOTES TO FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 Accounting policies Legal form The charity conslitules a limited company, limited by guarantee as defined by the Companie5 Act 2006, incorporated in England and Wales. The registered office is The Benchmark, 25 Ribblelon Street, Preston, Lancashire, PR1 58A. Basis of accounting The financial statements have been prepared in accordance with Accounting and Reporting by Charities= Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applKable in the UK and Republic of Ireland IFRS 1021 which became effectwe 1 January 2015, the Financial Reporting Starbdard 102 and the Companies Act 2006. Crossgate Church Ltd meets the definf(ion of a public benefit entity under FRS 102. Assets and liabilities are initially recognised al historical cost Of transaction value unless otherwise slated in the relevant accounting policy notes. The financial Statements are presented in slerting which is the functional currency of the Charity and rounded to the nearest £. Preparation of tho accounts on a going concern basis Like many similar charities, Crossgate Church Ltd is reliant on donations and voluntary giving, the receipt of which can be unpredictable in terms of value and liming. However. the tnjslees are hopeful that gwing will continue to remain al similar levels seen in previous years. and forecasts have been prepared on this basis. Therefore, the trustees have, al the time of approving the financial slatemenls. a reasonable expectation Ihal the Charity has adequate reSoUrS to continue in operational existence for the foreseeatAe future. Thus, they continue to adopt the going collcern basis of accountir5g in preparing the financial statements. Incoming resources Income is recognised when the charity has entillemenl to the nds. any perfom)ance conditions attached to the item of income have been met. it is probable that the income will be received and the amount can be measured reliabty. Fund accounting Unrestricted funds can be used in accordance with the charitable objeclNes at the discretion of the Iruslees. Restricted funds can onty be used for particular restricted purwjses within the objects of the charity. Restrictions arise when specrfied by the donor or when the hjnds are raised for particular restricted purposes. 12
CROSSGATE CHURCH LTD NOTES TO FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 Accounting policies (continued) Resour¢ed Expensed Expenditure is recognised once there is a legal or constructive obligation lo make a payment lo a third party. il is probable that selllement will be required and the amount of the obligation can be measured reliably. Expenditure on charitable objectives includes the costs of charitable activities undertaken directly to further the purposes of the charity and their associated support costs. Donated assets and services Assets donated for ongoing use by the Charity in carrying out its actwilies are recognised as tangible fixed assets with the corresponding gain recognised as IrMe from donations within the Statement of Financial Activities. Donated services are recognised as an expense on the Statement of Financial Activities on the ba51S of the value irf the gift lo the Charity where the Charity has control over the service. with a correswnding amount recognised as income. Allocatlons of support costs Support costs are those furli0n5 that assist the work of the Charty bul do not directly undertake charitable aclivilies. Support costs include back office costs, finance, personnel, payroll and governance costs which support the Charty's activities. These costs have been allocated between expenditure on charitable activities on an actual basis where applicable. The remaining support costs have been allocated beiween each aclivty based on the proportionate direct coslings. Tanglble flxed assets Tangible fixed assets are initially measured 8t Cost and subsequently measured al cost, net of depreciation and any impaimienls. Depreciation is provided at the following annual rdles in order to WTite off each asset over its estimated useful lrfe= Freehold propety Kitchen improvements Technologylsecurity Fixtures and fittings Motor vehides 2% straight line 5% straight line 250A straight line 25% reducing balance 25% reducing balance Land is not depreciated. 13
CROSSGATE CHURCH LTD NOTES TO FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 Financial instruments The charity only has financial assets and financial liabilities of a kind that qualify as basic financial ir)stnJments. Basic financial instruments are initially recognised al transaction value and subsequently measured al their settlement value wilh the exception of bank loans, conces5ionary loans and hire purchase agreements whM* are subsequenuy measured at amortised cost using the effective interest method. Operating leases Rentals payable are charged on a time basis over the lease term. Concossionary Loan$ For concessionary loans repayable on demand, the carrying amount of the loan has not been adjusted to reflect the below prevailing market rates of inleresl being charged. Concessionary loans repayable in more than one year have been initially recognised at the amount received with the carrying amount adjusted in subsequent years lo reflect repayments and adjusted rf necessary for any impairments. Judgements and key sources of estimation uncertainty In the application of the tharity's accounting policies, the trustees are required lo make judgements, estimates and assumptions about the carying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are consrdered lo be relevant. Actual results may differ from these estimated. Incomé from donations Unrestrlcted Funds Restrided Funds Total 2023 Total 2022 Gffts Grft aid Grants Donated grfts irs kind 299,800 51,905 640 176 11.300 3W,440 52,081 11,300 663,329 46,)84 90,301 351.705 12.116 363,821 799,814 Induded within donations is UnStrICted income of £351,705 {2022'. £400.204) and reslricled income of £12.116 {2022.. £399.610)- During the year the charity received grfts in knnd totslling £nil {2022.' £nil). 14
CROSSGATE CHURCH LTD NOTES TO FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 Incomlng resources from charitablo activities Unrestricted Funds Restcted Funds Total 2023 Total 2022 Community based activitie5 Events Youth services Pastoral Church servi¢es 17,614 38.024 17,614 38,024 10.454 39.270 640 1.030 664 160 1,030 57,311 57.311 50,548 Income from charitable activities was £57.311 {2022'. £50,548). All such income was unreslricled in the current and previous year. Analysls of expenditure on charitable activitie$ Actlvltles Support and directly govemance undertaken costs (note 61 Total 2023 Total 2022 Actlvity Discipleship & Church Events Pastoral Children's ministry Creative Corporate Youth Church services Community based activities Irrecoverable VAT 3,676 3,941 3.900 9.249 11.607 1.670 36.307 86.258 6.750 7.235 7.160 16.981 21,309 3,065 66.651 158.354 939 10.426 11,176 11,060 26,230 32,916 4,735 102,958 244,612 939 6,916 9,288 3.050 21.274 20,736 3,343 161,630 192,434 12,060 156.608 44S.052 430,731 Expendrture on charitable aclivrties was £445.052 12022.. £430.731) of which £434.582 {2022.. £380.194) was unrestricted and £10.470 {2022.. £50.537) was restricted. 15
CROSSGATE CHURCH LTD NOTES TO FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 Analysis of support and governance costs 2023 2022 Staff cosls Electricity. rates and water Telephone, inlernel costs and IT support Legal, professional and accountancy fees Bank charges and loan interest DeprecAation Insurance Other support costs Vehicle costs Irrecoverable VAT 191.331 163.470 1,401 3,271 801 30.612 23,161 9,900 1791 4,717 1,483 45,813 30,099 8,034 4.629 1.399 939 12.060 288.444 244.597 Ngt incoming resources 2023 2022 Net resources are sLited after charging: Depreciation Amortisalion Operating lease charges Independent examiner's remuneration.. Independent examination fee (exclusive of VAT) 30,008 91 2.232 23.161 137 2,232 3.500 4,000 Analysis of staff costs. trustee remuneratlon and expenses and the cost of key managemont personnel 2023 2022 Wages and salaries Social security costs Pension costs 178,079 8.701 4,557 191.331 153.516 6,624 3.330 163,470 16
CROSSGATE CHURCH LTD NOTES TO FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 Analysis of staff costs. tNstee remuneration and expenses and the cost of key management personnel (continued) Particulars of employees: The average number of employees during the year was as follows: 2023 No 2022 No Number of slaff No employees had employee benefits in excess of £60.000 per annum in etther the current or prior year. The Charity Injslees were nol pai(J and did not receive any other benefits from employment with the Charity in either the Cuent or prior year. nor did they receive any travel or other reimbursed expenses. The employee benefits paid to key management personnel during the year was £63,047 12022: £48.864) Tangible fixed assets Freehold property & improvements Motor vehicles Flxtures & fittings Total Cost: Al l January 2023 Additions Disposals At 31 Docembgr 2023 2,120,726 133.117 131.004 4.936 2.598 2.254.328 138,053 2.253.843 135.940 2.598 2.392,381 Depreciation: Al 1 January 2023 Charge for the year Eliminated on disposals At 31 December 2023 106,757 26.847 122.298 2.796 1.136 365 230.191 30.008 133.604 125.094 1,501 260,199 Net book value- At 31 December 2023 2.120.239 10.846 1.097 2.132,182 Al 31 December 2022 2.013.969 8.706 1.462 2.024.137
CROSSGATE CHURCH LTD NOTES TO FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 10 Intangible assets 2023 Cost.. Al 1 January 2023 Additions At 31 December 2023 617 617 Amortlsatlon". At 1 January 2023 Charge for the year At 31 December 2023 343 91 434 Net book value: At 31 December 2023 183 Al 31 December 2022 274 11 Debtors". Amounts falling dug Within one year 2023 2022 Other debtors Prepayments 30,776 1,905 32,757 1,775 32,681 34.532 12 Credltors- Arnounts falling within one year 2023 2022 Taxation and social security costs Other credttors Accruals Bank loans Inole 14) Bounce back loan 7,139 9.165 10,438 22,335 9,869 3,918 100.027 8,923 27.179 9,626 58.946 149,673 18
CROSSGATE CHURCH LTD NOTES TO FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 13 Creditors: Amounts falling due In more than one yoar 2023 2022 Bank loans (note 14) Bounce back loan 512,826 15,914 528.740 529,358 26,02S 555,383 14 Borrowlngs Bank loans measured al amortised cost consist of the mortgage which falls due for repayment as follows: 2023 2022 In less than one year In two lo five years In more than five years 22,335 89,341 423,485 535,161 27,179 108,718 420,640 556,537 The mortgage is subject to an interest rate of 3Yo per annum over base rate. The mortgage is repayable over a 19 year period. with monthly repayments of £4,359. The mortgage is secured by way of a first legal charge provided over the freehold kyoperties. 15 Analysls of charitablo funds At1 January 2023 Incoming resources Outgoing resources Transfers At31 December 2023 Unrestricted funds General fund 31.487 Designated fixed asset fund 1,331,922 424.921 1405,564) (29.0181 (55.4371 291,459 14.5931 1.594,363 1.363,409 424,921 434.582 236,022 1,589,770 Restrlcted Funds New Home Crossgale Hope Creative Yovlh 262,805 10,177 562 126 273,670 12.116 {9.559) (739) (134) 1228,490} {7,532} 36.872 1,906 428 88 39,294 12,116 10.470 236,022 Total funds 1.637.079 445.052 1 629 064 The New Home fund relates to donations and grant funding received towards the building of a dedicated home for the Church. Upon completion of each stage of the capital work, a transfer is made from the restricted home fund to the designated fixed asset fund. This transfer reflects that the terms of the gifts have been mel. and the trustees are now able lo use the propety for the Charity's general charitable Purposes. 19
CROSSGATE CHURCH LTD NOTES TO FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 The designated fixed asset fund balance carried forward is equal to the tN)ok value of fixed assets less the oulslanding mortgage and concesstonary loans. The balance carried forward on the New Home fund relates lo donations and grants recewed to fund the refurbishment project, which has been spent during 2023. The Overseas Mission fund includes donali0115 received towards the work of the Church in Uganda and Macedoriia. The Creative and Youth funds rdales lo capital grant funding. These funds are reduced by the depreciation charged on such equipment each year. 16 Movement in funds- previous year At1 January 2022 Incoming roUrceS Outgolng resources Transfgrs At31 December 2022 Unrestricted funds General fund 91.426 Designated fixed asset lund 1.061.149 462,651 (358.4051 121,7891 1164.1851 292.562 31,487 1,331,922 1.152,575 462.651 380,194 128,377 1.363,409 Restricted Funds New Home Cr05sgale Hope Creative Youth 33.204 18.788 399.610 {41.6321 18.611) {243) 51 50.537 (128.377) 262.805 10.177 562 126 273,670 177 52,974 399.610 128,377 Total funds 1,205.549 862.261 430.731 1.637,079 17 Analysis of net assots between funds- provious years Unrgstricled Funds Deslgnated fixèd asset funds Rgstricted At31 general December funds 2022 Fund balances at 31 Dgcembgr 2022 are represented by: Tangible fixed assets Intangible assets Current assets Creditor's falling due within one year Creditor's falling due after one year 132.031 274 47.702 (122.494) 26,026 31.487 1,888.458 3.648 2,024,137 274 317,724 1149,6731 555,383 1,637,079 270,022 127.1791 529,357 1.331.922 273,670 20
CROSSGATE CHURCH LTD NOTES TO FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 18 Operating lease commitments At the reporting end date the Charity had outstanding commitments for future minimum lease payments under nonnlIable operating leases. which fall due as follows.. 2023 2023 Land and Other Itams Buildings 2022 2022 Land and Othgr Items Buildings Within 1 year Within 2 10 5 years 1.312 1.639 2,152 2.951 2.951 19 Related parties During the year the trustees made donations to the Charity lolalling £14,383 {2022'. £18,636). There were no other transactions with related parties during the current or previous year. 20 Reconclllation of net movament in funds to net cash flow from operating actlvltles 2023 2022 Nel movement in funds Depreciation charge Investment income Movement in debtors Movement in ciedilors (8,015) 30,099 11.093) 1.851 186,125) 431,530 23,298 {5171 {12,438} 88.114 63,283 529,987 21 Taxation As a charity, Crossgale Church Ltd is exempt from tax on income and gains falling within section 505 of the Taxes Acl 1988 or s256 of the Taxation of Chargeable Gains Act 1992 to the exlenl that these are applied to ils charitsble objects. No tax charges have arisen in the Charity. 22 Members, liability Each member of the charitable ¢xKnpany undertakes to contribute to the assets of the company in the event of il being wound up while he or she is a member, or within one year after he or she ceases to be a member. such amount as may be required. nol exceeding £10 for the debts and liabilities contracted before he or she ceases lo be a member. 21