Company registration No. 06057378 (England & Wales Charity No. 1119350 Crossgate Church Ltd Company Limited by Guarantee Report and Financial Statements For The Year Ended 31 December 2024
CROSSGATE CHURCH LTD TRUSTEES REPORT & FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 Contents Page Charity Reference and Administrative Details Trustees, Annual Report Independent Examiner's Report Statement of Financial Activities Balance Sheet 2to6 Statement of Cash Flows 10 Notes to the Financial Statements 11 to20
CROSSGATE CHURCH LTD CHARITY REFERENCE & ADMINISTRATIVE DETAILS YEAR ENDED 31 DECEMBER 2024 Reglstered charity name Crossgate Church Ltd Charlty registratlon number 1119350 Company registratlon number 06057378 Reglstered offlce The Benchmark 25 Ribbleton Street Preston Lancashire PR15BA Trustee8 Mr J L Bowen Mr A Gardner Mr l K Ferguson Mr S Barratt Mr A Gangaidzo (resigned 21 July 20251 (Chair from 3 June 20251 (appointed 26 June 2025) Secretary Mr S Barratt Key Management p8r8onnel Mr J Wright (Pastor) Independent examlner Cooper Parry Group Limited St James Building 79 Oxford Street Manchester M16HT
CROSSGATE CHURCH LTD TRUSTEES, ANNUAL REPORT YEAR ENDED 31 DECEMBER 2024 The Trustees of the Charity, who are also Directors of the 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 2024. Objectlves and activitie8 The Charity exists in order to demonstrate the love of God in word and action, provide worship facilities to the membership and wider congregation and to provide fellowship and support for each other. The Charity's vision is.. To make fully devoted followers of Jesus Christ and the Charity hopes to achieve this through a biblically based purpose centred on two passages, Mark 12'.30-31 and Matthew 28.'19-20 (Jesus, Great Commandment and Great Commission) which describe loving God, loving your neighbour, making disciples and teaching Jesus, commandments. Crossgate Church summarises this purpose with the phrase.. To be a Christ Centred Community, Loving People Transforming Lives This purpose encompasses and encourages the Charity's activitie5 both internally and externally. The Charity continues to teach 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 it extends its charitable work to meet a variety of social, spiritual and economic needs in the community, regardless of background, race or creed whilst keeping Jesus at the centre with the belief that it is not charitable action making a difference in their life but his transforming power. The strategies we employ to fulfil our aims and objectives can be classified into two broad areas.. looking inwards and looking ouardS, The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Charity should undertake. Internal Church D18clple8hlp & Support Sunday morning services are al the heart of Crossgate's ministry and offer a place where everybody can connect spiritually and meet with God through bible-based teaching, vibrant, modern and energetic worship and prayer. We believe that strong small groups are the foundation to a healthy church and seek to encourage community through small groups, as a growing church we are aware that this can often lead to isolation and people feeling left out, small groups are a way to combat this and strengthen community. Sunday Services offer programmes for all ages held weekly for toddlers up to high school ages. Faith and evangelistic based courses such as Alpha support the charity's vision in making fully devoted followers of Jesus Christ. Simultaneously there are over 20 'small groups, which meet throughout the week at various locations. Throughout 2024, 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 to attend in person. This continues to be a valuable outreach and is used by many including those in other countries.
CROSSGATE CHURCH LTD TRUSTEES, ANNUAL REPORT YEAR ENDED 31 DECEMBER 2024 Community Outreach & Support Crossgate Church is blessed to be seen as a church of influence and significance and fully appreciates the opportunities that are offered to serve the local community and wider afield. This is particularly relevant within the immediate community and the relationship that has been developed with HMP Preston. 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. Crossgate continues to prepare meals for vulnerable members of the church and the local community to provide support. This continued throughout 2024 and basic groceries were also donated to those in need as well as the meals. On average over the year, some 7,000 community meals were prepared and 3,313 bags of groceries were delivered to many households. By seeing people regularly and building trust, we have been able to provide support to 709 individuals. This includes supporting families with debt problems, budgeting, mental health, addiction recovery, loneliness and benefits advice, We have made relationships and gained trust with local homeless people, street workers and those battling addiction, providing food, toiletries and support with housing applications. Some of these people choose to meet with their mental health 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, and support in other areas from us. The building not only serves the church internally but is also used for serving the community externally and used for events for external parties. The Church building has been used for a number of events throughout 2024 supporting varioLJS community organisations, such as No More Knives, Local Users Forum {LUF), NHS Mental Health Events, Maximus Refugee Employability Programme, and Recovery & Rehabilitation services {Emerging Futures and Inspire). We also introduced a community foodbank in 2024. The church works closely with other churches and organisations both locally and nationwide and is a member of the Evangelical Alliance,. the Pastors are members of a UK Leadership NeOrk 'Partnering for Purpose, that meets bi-annually. In December we had multiple Christmas events, our Christmas Celebration Services were once again great success. We were able to host our annual special Carol Service in HMP Preston this year. The church was involved in distributing Christmas assistance to over 300 households by providing money gifts for gas and electricity, food hampers, Christmas lunches and Christmas gifts for families to give their children. Some families received 'Christmas Dinner in a bag, where we gave them a turkey, vegetables and all the trimmings so that they could cook their own Christmas lunches. Gifts were given to children who are known to us through the Community Hub and we provided a Christmas lunch party to over 100 of those who regularly attend the hub, this included vulnerable, homeless and street ladies. Gifts were also given to those who were nominated through our partnerships with other organisations, including gifts for children of serving offenders, social services and local schools. Across the generations Crossgate Church is blessed to be able to be the 'hands and feet, of Jesus to those in need, whether it be close to home or overseas. Structure, governanca and management The Charity is controlled by its governing document, a Memorandum and Articles of Association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. Following a review of the governance structure of the Charity in 2015 the previously separate groups of Trustees and Elders were consolidated into a new, single 'Leadership Board, in March 2016.
CROSSGATE CHURCH LTD TRUSTEES, ANNUAL REPORT YEAR ENDED 31 DECEMBER 2024 We have continued following the format of this structure since, however, it was reviewed in 2024 and agreed by the board that this approach was limiting the church's spiritual oversile as some members have gifting in the area of elder, without a gifting as trustee. We looked therefore, to introduce a Hybrid Model to our board, continuing with the approach of one board, but with different roles. We are now one board of overseers of the church, but some within the board of Elders are nominated as trustees whilst some are solely Elders, due to calling and God's gifting. This approach allows us lo add depth and strength to the team with more Elder's offering greater spiritual oversite and Godly wisdom. The new approach is currently being trialled, and Articles of Association is being updated accordingly. Suitable candidates for new Trustees are identified and discussed by the current Trustees and Lead Pastor, Consensus is required on candidates to take forward before the appointment process proceeds further. A candidate evaluation and interview process then takes place. Successful candidates are then announced to the Membership and, provided there are no objections, the new Elders are formally appointed. If objections are raised, the Trustees will seek to clarify and endeavour to resolve the issue. However, should any doubt remain as to the integrity of the person in question, then approval will not be granted. All new leadership board members first come on the team as Elder, then after 6 months, they either remain as Elder, or become Elder l Trustee if suitable. New Trustees are required to sign a copy of the Charity 'Statement of Affirmation,, 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 of the Memorandum and Articles of Association for information and reference. Staff organlsatlonal Structure The day-to-day running of Crossgate Church is shouldered mainly by the Church Staff, under the leadership of the Senior Pastor and Pastors (Senior Leadership Team), who have been equipped by the Trustees to carry out their duties within an agreed process. The Pastors and the Leadership Board are ultimately responsible for the spiritual health of the Church and oversee the pastoral care of the Congregation, They constantly seek to determine God's will for Crossgate Church, in order that they may lead the Church forward both in vision and direction. Within this remit Ihey also strive to empower and release key people within the various Ministries. Ministry Leaders are directly responsible to the Pastors, who meet on a weekly basis. Unfortunately, in December 2023, our newly appointed Senior Pastor, Martin Trench resigned from his role, due to personal circumstances which led to him returning to Canada with his family. Martin left with our full support and blessing. As part of the previous recruitment process in November 2021, we selected 4 applicants for interview, who we felt were all suitable candidates. Martin Trench was appointed, however, Josh Wright, also applied for the role and finished a close second behind Martin. Josh remained as an associate Pastor in Crossgate Church during Martin's tenure and received both pastoral and spiritual development, and the board recognised an anointing on his life to take up this role. This is therefore, a contlnuation of the process we started 2 years ago as the candidate already went through the interview process and finished very highly, therefore, Joshua Wright was appointed Lead Pastor of Crossgate Church, in December 2023. Josh stepped up in an incredible way, serving and leading the church as the Lead Pastor throughout 2024. In 2024 it was clear that additional Pastoral Leadership was required in the church and the Board authorised the recruitment of an additional Pastor to support Josh. Following a thorough recruitment process, welcoming applicants both internally and externally, Nick Warner was appointed Associate Pastor in December 2024.
CROSSGATE CHURCH LTD TRUSTEES, ANNUAL REPORT YEAR ENDED 31 DECEMBER 2024 Relationshlps between the charity and related parties None of our Trustees receive remuneration or other benefit from their work with the Charity. Any connection beeen a Trustee or senior manager of the charity with a partner organisation or supplier must be disclosed to the Trustees in the same way as any other contractual relationship with a related party and this is acknowledged within the Conflict of Interest policy. Pay pollcy 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-to-day basis. All Directors give their time freely and no Director received remuneration in the year. The pay of the senior staff is reviewed annually. Voluntear8 The Trustees wish to place on record their undoubted 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. Rl8k management The trustees have a duty to identify 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 significant items of expenditure. Receipts or invoices are required in support of payments, which are allocated against the appropriate cost centres in our accounting system to ensure that an audit trail is provided for all expenditure, Appropriate insurance cover is in place and is regularly reviewed to ensure that the charity's risks are managed properly. We are adequately covered for Public and Employers Liability Insurance. It is a requirement that all Trustees and persons working with children andlor vulnerable adults are cleared by the Police under the Disclosure and Barring Service scheme. The charity also subscribes to 'Thirtyone.'eight' (formally Ihe Churches Child Protection Advisory Service) to ensure compliance with the rules and regulations relating lo children and vulnerable adults. Safeguarding is a priority of the charity and a dedicated safeguarding team comprising of a Leader and 2 deputies (split into age-appropriate groups) meet reg ularly for updates and to discuss potential safeguarding issues. This is also in close communication with Thirtyone'.eight, an independent Christian safeguarding charity, Flnanclal revlew During the year ended 31 December 2024 the Charity received total incoming resources of £455,560 of which £17,421 was received as restricted funding. Costs of £406,249 were incurred in connection with the delivery of direct charitable activities and associated support costs. The Trustees would like to thank all those people and organisations who have given so generously in support of the church and the church's ongoing community and ministry work, No material costs associated with fundraising were incurred during the year. The Charity's main source of regular income is support from the membership. There is never certainty over the levels of donations that the Charity receives.
CROSSGATE CHURCH LTD TRUSTEES, ANNUAL REPORT YEAR ENDED 31 DECEMBER 2024 Reserves policy At 31 December 2024 the Charity held total funds of £1,678,375 of which £26,021 was restricted for future use, as detailed in note 15. Unrestricted funds totalled £1,652,354, which included the designated fixed asset fund of £1,596,681 and general unrestricted funds of £55,673. It is intended that sufficient reserves are retained in order to enable the Charity to undertake its financial commitments for a minimum of months. The level of available, liquid unrestricted funds carried forward at 31 December 2024 was therefore below this target. Golng concern The directors are taking all available steps to efficiently manage cash flow and manage it's business risks. This includes exploring all available support being made available from the UK Government, After reviewing the Charity's forecasts and projections against the Income generated through gifts, donations and events, the directors have a reasonable expectation that the Charity has adequate resources to continue operational existence for the foreseeable future. The directors therefore believe that it remains appropriate to prepare the financial statements on a going concern basis. Plan8 for future perlod8 Heading in to 2025, we are excited to move to two services following the growth to church attendance and to further develop and grow our key ministries and continue using the building to serve the church and the community. Our work with other faith based and secular organisations, government agencies and local community groups continues lo flourish, in particular, with Sland by Me Ministries across the Globe. It is our aim to continue to develop these relationships, with the aim of'Loving People and Transforming Lives,. The development and continuation of small groups is to be extended and pushed as a key ministry area. Signed by order of the trustees.. Mr S Barratt, Secretary Date, 9 September 2025
CROSSGATE CHURCH LTD INDEPENDENT EXAMINATION REPORT YEAR ENDED 31 DECEMBER 2024 I report to the Charity trustees on my examination of the accounts of the Company for the year ended 31 December 2024, which are set out on pages 9 to 21. Responsibilitles 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 ('the 2006 Act'i. Having satisfied myself that the accounts of the Company are not required to 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 ('the 2011 Act'}. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145{5) (bl of the 2011 Act. Since the Company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of ACCA, which is one of the listed bodies. Independent examlner's 8tatement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe.. 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 the accounts give a 'true and fair view which is not a matter considered as part of an independent examination,, or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached, Ste n"Grays ACA FCCA For and on behalf of Cooper Parry Group Llmltad St James Building 79 Oxford Street Manchester M16HT Date.. 9 September 2025
CROSSGATE CHURCH LTD STATEMENT OF FINANCIAL ACTIVITIES (INCL INCOME AND EXPENDITURE ACCOUNT) YEAR ENDED 31 DECEMBER 2024 2024 Restrlcted funds 2023 Unrestrlcted funds Total Total Noto Income and endowments from: Donations and legacies Charitable activities Investments Other 351,299 74,941 794 11,105 17,421 368,720 74,941 794 11,105 363,821 57,311 1,093 14,812 Total Income 438,139 17,421 455,560 437,037 Expendlture on: Charitable activities 405,531 718 406,249 445,052 Total expendlture 405,531 718 406,249 445,052 Net Income l (expendlturel 32,608 16,703 49,311 {8,015} Tran8fer8 between fund8 29,976 (29,976) Net movement In fund8 62,584 113,2731 49,311 18,015) Reconclllatlon of funds: Total funds brought fomard 1,589,770 39,294 1,629,064 1,637,079 Total funds carrled forward 15 1,652,354 26,021 1,678,375 1,629,064 The Statement of Financial Activities includes all gains and losses in the year. All of the above amounts relate to continuing activities.
CROSSGATE CHURCH LTD BALANCE SHEET YEAR ENDED 31 DECEMBER 2024 2024 Unrestricted Restricted funds funds 2023 Total Total Not? Fixed assets Tangible assets Intangible assets 2,103,882 122 2,104,004 1,942 2,105,824 122 2,105,946 2,132,182 183 2,132,365 10 1,942 Current assets Debtors Cash at bank and in hand 11 27,580 62,323 89,903 27,580 86,402 113,982 32,681 51,704 84,385 24,079 24,079 Credltor8: amount8 falllng due wlthln one year 12 {57,368} (57,368) (58,946) Net current (Ilabllltleslla888t8 32,535 24,079 56,614 25,439 Total a88ets1088 current Ilabllltl88 2,136,539 26,021 2,162,560 2,157,804 Credltor8: amount8 falllng due after more than one year 13 1484,185) (484,1851 1528,7401 Net a880t8 1,652,354 26,021 1,678,375 1,629,064 Charlty Funds Unrestricted funds Designated fixed asset fund Restricted funds 55,673 1,596,681 55,673 1,596,681 26,021 {4, 593) 1,594,363 39,294 26,021 Total fund8 15 1,652,354 26,021 1,678,375 1,629,064 For the period ended 31 December 2024 the Charity was entitled to 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 trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. The financial statements were approved by the members of the committee and authorised for issue on 9 September 2025 and are signed on their behalf by.. Mr A Gardner, Trustee Company registration number.. 06057378
CROSSGATE CHURCH LTD STATEMENT OF CASH FLOWS YEAR ENDED 31 DECEMBER 2024 2024 2023 Note Cash flow from operatlng activities 20 76,196 (63,2841 Cash flow from Inve8tlng actlvltle8 Investment income Purchase of tangible fixed assets 794 (4,214) 1,093 1138,053) 13,420) (136,9601 Cash flow from flnanclng actlvltle8 Repayment of borrowings (38,078) (31,244) (38,0781 131,244) Net Incr8asal(decrease) In cash and cash equlvalent8 34,698 1231,488) Ca8h and cash equlvalents at 1 January 51,704 283,192 Cash and cash equlvalent8 at 31 December 86,402 51,704 Ca8h and cash equlvalents con818ts of: Cash at bank and in hand 86,402 51,704 Cash and cash equlvalonts at 31 December 86,402 51,704 10
CROSSGATE CHURCH LTD NOTES TO FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 Accountlng pollcies Legal form The charity constitutes a limited company, limited by guarantee as defined by the Companies Act 2006, incorporated in England and Wales. The registered office is The Benchmark, 25 Ribbleton Street, Preston, Lancashire, PR158A. Basls of accountlng The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. 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) which became effectlV6 1 January 2015, the Financial Reporting Standard 102 and the Companies Act 2006. Crossgate Church Ltd meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise slated in the relevant accounting policy notes. The financial statements are presented in sterling which is the fu nctional currency of the Charity and rounded to the nearest £. Preparatlon of the account8 on a golng concern ba818 Like many similar charities, Crossgale Church Ltd is reliant on donations and voluntary giving, the receipt of which can be unpredictable in terms of value and timing. However, the trustees are hopeful that giving will continue to remain al similar levels seen in previous years, and forecasts have been prepared on this basis, Therefore, the trustees have, at the time of approving the financial statements, a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing the financial statements. Incomlng r080urce8 Income is recognised when the charity has entitlement to the funds, any performance 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 reliably. Fund accountlng Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when the funds are raised for particular restricted purposes. 11
CROSSGATE CHURCH LTD NOTES TO FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 Accountlng policies (continued) Resourced Expensed Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement 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 servlces Assets donated for ongoing use by the Charity in carrying out its activities are recognised as tangible fixed assets with the corresponding gain recognised as income from donations within the Statement of Financial Activities. Donated services are recognised as an expense on the Statement of Financial Activities on the basis of the value of the gift lo the Charity where the Charity has control over the service, with corresponding amount recognised as income. Allocatlon8 of 8UPPOrt C08t8 Support costs are those functions that assist the work of the Charity but do nol directly undertake charitable activities, Support costs include back office costs, finance, personnel, payroll and governance costs which support the Charity'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 beeen each activity based on the proportionate direct costings. Tanglbla flxed a8SOts Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairments. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life,. Freehold property Kitchen improvements Technologylsecurity Fixtures and fittings Motor vehicles 2 % straight line 5 % straight line 25 % straight line 25 % reducing balance 25 % reducing balance Land is not depreciated. 12
CROSSGATE CHURCH LTD NOTES TO FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 Flnancial instruments The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments, Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans, concessionary loans and hire purchase agreements which are subsequently measured at amortised cost using the effective interest method. Operatlng lea888 Rentals payable are charged on a time basis over the lease term, Conce881onary Loans For concessionary loans repayable on demand, the carrying amount of the loan has not been adjusted to reflect the below prevailing market rates of interest 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 to reflect repayments and adjusted if necessary for any impairments. Judgement8 and key 8ource8 of 08tlmatlon uncertalnty In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources, The estimates and associated assumptions are based on historical experience and olher factors that are considered to be relevant. Actual results may differ from these estimated. Income from donatlon8 Unrastrlcted Fund8 Restrlcted Funds Total 2024 Total 2023 Gifts Gift aid Grants Donated gifts in kind 298,829 52,470 540 161 16,720 299,369 52,631 16,720 300,440 52,081 11,300 351,299 17,421 368,720 363,821 Included within donations is unrestricted income of £351,299 (2023.. £351,705) and restricted income of £17,421 (2023.. £12,116). During the year the charity received gifts in kind totalling £nil {2023'. £nil). 13
CROSSGATE CHURCH LTD NOTES TO FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 Incomlng resources from charitable activities Unrestricted Funds Restricted Funds Total 2024 Total 2023 Community based activities Events Youth services Pastoral Church services 21,982 52,578 66 134 181 21,982 52,578 66 134 181 17,614 38,024 640 1,030 74,941 Income from charitable activities was £74,941 12023.. £57,311), All such income was unrestricted in the current and previous year. Analy818 of expendlture on charltable actlvltles Actlvltle8 Support and dlrectly governance undertaken c08ts Inote 61 Total 2024 Total 2023 Actlvlty Discipleship & Church Events Pastoral Children's ministry Creative Corporate Youth Church services Community based activities Provision for doubtfu I debts Irrecoverable VAT 1,996 4,636 4,223 4,086 14,940 680 45,754 90,923 2,706 7,588 5,726 5,540 20,259 922 61,913 126,173 8,184 4,702 12,224 9,949 9,626 35,199 1,602 107,667 217,096 8,184 10,426 11,176 11,060 26,230 32,916 4,735 102,958 244,612 939 167 238 239,011 406,249 445,052 Expenditure on charitable activities was £406,239 12023.. £445,052) of which £405,531 12023.. £434,582) was unreslricled and £718 (2023.. £10,470) was restricted. 14
CROSSGATE CHURCH LTD NOTES TO FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 Analysis of support and governance costs 2024 2023 Staff costs Electricity, rates and water Telephone, internet costs and IT support Legal, professional and accountancy fees Bank charges and loan interest Depreciation Insurance Other support costs Vehicle costs Provision for doLJbtful debts Irrecoverable VAT 139,842 1,102 5,452 162 46,147 30,633 874 5,302 1,313 8,184 191,331 4,717 1,483 45,813 30,099 8,034 4,629 1,399 939 239 011 288 444 Nat Incomlng re80urc88 2024 2023 Net r880urce8 are stated after charglng.. Depreciation Amortisation Operating lease charges Independent examiner's remuneration.. Independent examination fee (exclusive of VAT) 30,572 61 2,306 30,008 91 2,232 3,500 Analys18 of staff ¢08t8, tru8tae remuneratlon and expen8e8 and the cost of key management personnel 2024 2023 Wages and salaries Social security costs Pension costs 132,386 4,184 3,272 139,842 178,079 8,701 4,551 191,331 15
CROSSGATE CHURCH LTD NOTES TO FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 Analysls of staff costs, trustee remuneration and expenses and the cost of key management personnel (continued) Partlculars of employees: The average number of employees during the year was as follows.. 2024 No 2023 No Number of staff No employees had employee benefits in excess of £60,000 per annum in 8ither the current or prior year. The Charity trustees were not paid and did not receive any other benefits from employment with the Charity in either the current 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 £44,500 (2023.. £63,047) Tanglble flxed a88et8 Freehold property & Improvements Motor v8hlcle8 Flxtur88 & flttlng8 Total C08t: At 1 January 2024 Additions Disposals At 31 December 2024 2,253,843 4,214 135,940 2,598 2,392,381 4,214 2,258,057 135,940 2,396,595 Depreclatlon: At 1 January 2024 Charge for the year Eliminated on disposals At 31 December 2024 133,604 27,521 125,094 2,777 1,501 274 260,199 30,572 161,125 127,871 290 771 Net book value: At 31 December 2024 2,096,932 8,069 823 2,105,824 At 31 December 2023 2,120,239 10,846 1,097 2,132,182 16
CROSSGATE CHURCH LTD NOTES TO FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 10 Intanglble assets 2024 Cost: At 1 January 2024 Additions At 31 December 2024 617 617 Amortlsatlon: Al 1 January 2024 Charge for the year At 31 December 2024 434 61 495 Net book value: At 31 December 2024 122 At 31 December 2023 183 11 Debtor8'. Amount8 falllng due wlthln one year 2024 2023 Other debtors Prepayments 25,406 2,174 30,776 1,905 12 Credltor8: Amounts falllng wlthln one yaar 2024 2023 Taxation and social security costs Other creditors Accruals Bank loans (note 14) Bounce back loan 4,261 9,280 5,146 28,524 10,157 7,139 9,165 10,438 22,335 9,869 57,368 17
CROSSGATE CHURCH LTD NOTES TO FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 13 Creditors: Amounts falllng due in more than one year 2024 2023 Bank loans (note 141 Bounce back loan 478,677 5.508 484,185 512,826 528 740 14 8orrowlng8 Bank loans measured at amortised cost consist of the mortgage which falls due for repayment as follows.. 2024 2023 In less than one year In to five years In more than five years 28,524 114,094 364 583 507 201 22,335 89,341 423 485 535 161 The mortgage is subject to an interest rate of 30/0 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 properties. 15 Analy818 of charltable funds Incomlng resources Outgolng re8ource8 Tran8fers At31 Dacember 2024 January 2024 Unrestrlcted funds General fund {4,593) Designated fixed assel fund 1,594,363 438,139 {375,677) (29,854) <2,1961 32,172 55,673 1,596,681 1589 770 438 139 405 531 1652 354 Restricted Funds New Home Crossgate Hope Creative Youth 36,872 1,906 428 88 39,294 17,421 {59) (528) (113) 18 718 (29,976) 24,258 1,378 315 70 26,021 17,421 29,976 Total funds 1,629,064 455,560 406,249 1678 375 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 18
CROSSGATE CHURCH LTD NOTES TO FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 terms of the gifts have been met, and the trustees are now able to use the property for the Charity's general charitable purposes. The designated fixed asset fund balance carried forward is equal to the book value of fixed assets less the outstanding mortgage and concessionary loans. The balance carried forward on the New Home fund relates to donations and grants received to fund the refurbishment project, which has been spent during 2024. The Crossgate Hope, Creative and Youth funds relates to capital grant funding. These funds are reduced by the depreciation charged on such equipment each year. 16 Movament In funds - prevlou8 year At1 January 2023 Incomlng re8ource8 Outgolng r080urce8 Tran8fer8 At31 December 2023 Unre8trlcted fund8 General fund 31,487 Designated fixed asset fund 1,331,922 424,921 {405,564) 129,018) (55,4371 291,459 (4,593) 1,594,363 1363 409 424 921 434 582 236 022 1589 770 Restrlcted Fund8 New Home Crossgate Hope Creative Youth 262,805 10,177 562 126 273 670 12,116 {9,559) (7391 (1341 38 (228,490) (7,532) 36,872 1,906 428 88 236 022 Total fund8 1637 079 437 037 445 052 1629 064 17 Analys18 of net as8et8 betweon funds - prevlous yaars Unrestrlcted Funds Deslgnated fixed asset funds Restrlcted At31 general December funds 2023 Fund balance8 at 31 December 2023 are represented by: Tangible fixed assets I ntangible assets Current assets Creditor's falling due within one year Creditor's falling due after one year 2,129,524 2,658 2,024,137 183 84,385 158,946) 528,740 183 47,749 {36,611) 15,914 36,636 (22,335) 512,826 (4,593 1,594,363 39,294 1,629,064 19
CROSSGATE CHURCH LTD NOTES TO FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 18 Operating lease commitments At the reporting end date the Charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows., 2024 2024 Land and Other Items Buildings 2023 2023 Land and Other Items Building8 Within 1 year Within 2 to 5 years 1,312 328 1,312 1,639 19 Related partle8 During the year the trustees made donations to the Charity totalling £12,23212023', £14,383). There were no other transactions with related parties during the current or previous year. 20 Reconclllatlon of net movement In fund8 to net ca8h flow from operatlng actlvltle8 2024 2023 Net movement in funds Depreciation charge Investment income Movement in debtors Movement in creditors 49,311 30,633 17941 5,101 (8,055) (8,015) 30,099 11,093} 1,851 (86,125) 76,196 21 Taxatlon As a charity, Crossgate Church Ltd is exempt from lax on income and gains falling within section 505 of the Taxes Act 1988 or s256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the Charity. 22 Members, Ilability Each member of the charitable company undertakes lo contribute to the assets of the company in the event of it 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, not exceeding £10 for the debts and liabilities contracted before he or she ceases to be a member. 20