## CROSSOVER CHAPEL INTERNATIONAL ## **TRUSTEES REPORT AND ACCOUNTS** Prepared by: Kaxton Advisory Apostles Continuation Church Int. UK 2 **CROSSOVER CHAPEL INTERNATIONAL 21 WHIMBREL CLOSE THAMESMEAD LONDON SE28 8HX** HarrowMiddlesexHA1 1 ## **CROSSOVER CHAPEL INTERNATIONAL** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31[ST] MARCH, 2026.** The trustees of the charity present their report with the financial statements of the charity for the year ended 31[st] March, 2026. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005. ## **REFERENCE AND ADMINISTRATIVE DETAILS:** **Registered Charity Number: 1135938 Registered Office:** 21 Whimbrel Close Thamesmead, London. SE28 8HX **Trustees:** Pastor Bismark Asiamah Trustee (Chairman) Miss Phyllis Nkuah Mensah Trustee Mr Patrick Bemia Buah Trustee Mrs Christiana Addo Asiamah Trustee **Independent Examiners:** Kaxton Advisory Ltd Suite 6 The Generator Business Centre Surrey CR4 3FH **Bankers:** Barclays Bank Woolwich, Leicestershire LE87 2BB 1 ## **STRUCTURE, GOVERNANCE AND MANAGEMENT:** ## _**Governance**_ The church is governed by a Constitution and the Church Council, as defined by the Charities Act 2011. ## **Membership of trustee board:** The trustees of the charity are also voluntary trustees for the purposes of charity law and under the charity's Constitution are known as members of the Trustees Board. ## **Induction and training of trustees** All trustees are familiar with the practical work of the church and have undertaken training to support their role. ## **Organizational structure** The Trustee Board meets quarterly, and a quarterly church feedback report is given at each meeting. The Pastor has the responsibility for the day to day operational management of the church supported by the Assistant Pastor elected. ## **Risk management** The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. Internal control risks are minimized by the implementation of procedures for authorization of all transactions and projects. Procedures and risk assessments are in place to ensure compliance with Health and Safety of volunteers; members; children; and visitors to the church. ## **OBJECTIVES AND ACTIVITIES:** ## _**Objectives - For the Benefit of the public**_ - a) To advance the Christian faith in accordance with the statement in such ways in such parts of the United Kingdom or the world as the Church Council from time to time may deem fit. - b) To relieve sickness and financial hardship and to promote and preserve good health by the provision of funds, goods or services of any kind including through the provision of counseling and support in such ways in such parts of the United Kingdom or the world as the Church Council from time to time may deem fit - c) To advance education in such ways in such parts of the United Kingdom or the world as the Church Council from time to time may deem fit. 2 ## **ACHIEVEMENTS AND PERFORMANCE:** ## _**Achievements** :_ - _a)_ The church maintained its multi-cultural status. Congregants are made of multi-racial people. - b) The Chapel as a Pentecostal Evangelical Bible believing Church based in England, which started very small but membership has grown tremendously. - c) Moral and spiritual guidance by guidance and counseling by special prayers for the community and especially the youth within. - d) We donated Bibles and Bible story books to the children and youth of the church throughout the year. - e) The church continues to support the spiritual and physical needs of the community as a whole. - f) Active evangelism within the ministry to win more souls for the Lord’s kingdom. - g) The church continuous to use the electronic media to evangelize to the community. - h) The church made donation to orphanage’s and support a lot of mission work. ## **FINANCIAL REVIEW:** ## _**Church Finances:**_ The church finance committee was responsible for the financial planning during the year. The church was able to raise **£65,085** within the year. The total expenditure for the period was **£75,281** which resulted in a deficit of **£10,195** . 3 srATKMEKf OF TRusfEFS RLSPONSIBILITIF3 licable l•w ￿ Unlknl Kln8thm IlenErnJly A¢cqrtd A**INCOMING RESOURCES**
**2**
Voluntary Income
Other Income
**Total**
**RESOURCES EXPENDED**
**3**
Charitable Expenditure:
Administration & Management
**Total**
**Net Incoming Resources**
**Movement in Funds**
Net Incoming Resources
**Balance brought forward**
Transfers
**Balance Carried Forward**|**General Funds**
£
45,647
19,439
**65,085**
75,281
**75,281**
**-10,195**
-10,195
26,468
**16,273**|**Restricted Funds**
£
£
-
-
**-**
-
**-**
**-**
-
-
**-**|**2026**
**Total**
£
45,647
19,439
**65,085**
75,281
**75,281**
**-10,195**
-10,195
26,468
**16,273**|**2025**
**Total**
75,906
20,515
**96,421**
79,974
**79,974**
16,448
16,448
10,020
-
**26,468**| |---|---|---|---|---| 7 ## **CROSSOVER CHAPEL INTERNATIONAL BALANCE SHEET AS AT 31ST MARCH 2028** **----- Start of picture text -----**
2028 2026
Note g g
Non-Current Assets
Fixed Assets 5 14,891 14,692
14,891 14,892
Current Assets
Bank (Barclays) 3,773 17,938
3,n3 17,938
Creditors: Amount falling due within 1 year 4 1,196 598
Net Current Assets 2,677 17,340
Non-Current Uabilities
Loan 1,195
Net As ets 16,273 26,468
Funds
General 16,273 26,468
Net Movement In Funds
16,273 26,468
Approved by the Board Council on ..........26/08/2026.......................... And signed on Its behalf by
5,564
**----- End of picture text -----**
**----- Start of picture text -----**
Pastor Bismark Asiamah
(Pastor In Charge) ( Treasurer)
..... � ................ .
8
**----- End of picture text -----**
## **NOTES TO THE FINANCIAL STATEMENTS:** ## **1. ACCOUNTING POLICIES** The financial statements have been prepared in accordance with applicable accounting standards and the Charities SORP. ## **Basis of Accounting:** The financial statements have been prepared under the historical cost convention except for the valuation of investment assets, which are show at market value. The financial statements include all transactions, assets and liabilities for which the Church Council is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body nor those that are informal gatherings of church members. ## **Incoming Resources:** All incoming resources are included in the statement of financial activities when the charity is entitled to the income, and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income. Voluntary Income is received by way of collection of alms, tithes, special appeal for funds, donations and gifts and is included in full in the statement of financial activities when receivable. Grants where entitlement is not conditional on the delivery of specific performance by the charity are recognized when the charity becomes unconditionally entitled to the grant. Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included. Gifts donated for resale are included as incoming resources within the activities for generating funds when they are sold. Income from investment is included in the year in which it is receivable. ## **Resources Expended:** Expenditure is recognized on the accrual basis as a liability is incurred. Expenditure included any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates. Costs of generating funds comprise the costs associated with attracting voluntary income and costs of trading for fundraising purposes including the charity’s shop. Charitable expenditure comprises of those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Governance costs are those costs incurred in support of expenditure on the objects of the charity and include project management. 9 ## **CROSSOVER CHAPEL INTERNATIONAL** ## **NOTES TO THE FINANCIAL STATEMENTS - 31ST MARCH, 2026** ## **2. INCOMING RESOURCES** |**Voluntary Income**
**General Fund**
Tithe/Offering
Annual Harvest
Thanks Giving
Pledges
Welfare
Pastoral Care Donations / Children's Ministry
Other Donation
Other Income
**Total**||**General Funds**
26,426
4,784
820
6,530
3,330
3,389
368
19,439
**65,085**|**2026**
**Total Funds**
26,426
4,784
820
6,530
3,330
3,389
368
19,439
**65,085**|**2025**
**Total Funds**
37,497
7,796
3,570
3,878
5,895
14,005
3,266
20,515
**96,421**| |---|---|---|---|---| 10 **CROSSOVER CHAPEL INTERNATIONAL NOTES TO THE FINANCIAL STATEMENTS - 31ST MARCH, 2026** ## **3. RESOURCES EXPENDED:** |Rent/ Rates
Donations
Pastoral Support
Accountancy Fees
Repairs & Renewals
Travel & Transport/Fuel
Insurance
Radio Ministry
Council Tax
Stationery/postage
Administration Cost
Evangelism
Instrumentalist
Honararium
Social Activities
Professional Fees
Youth and Children Program
Depreciation Charge
Utility
Mission/Oprhanage
Training
**4. CURRENT LIABILITIES**
Accrued - Accountancy Fee
Accrued - Independent Examination|**2026**
**Management &**
**Admin**
**£**
25,300
7,310
1,850
598
750
900
1,950
3,200
1,400
300
1,118
1,720
4,300
1,850
3,200
2,916
1,900
3,722
1,633
6,420
2,943
**75,281**
598
598
1196|**2025**
**Management &**
**Admin**
**£**
33,780
7,900
2,900
598
1,000
350
250
5,200
1,000
400
1,400
1,220
4,700
700
3,950
3,915
1,300
3,762
1,650
3,999
-
**79,974**
299
299
598| |---|---|---| 11 ## **CROSSOVER CHAPEL INTERNATIONAL NOTES TO THE ACCOUNTS - 31ST MARCH 2026** ## **5 : NON CURRENT ASSETS** |Cost
Additions
Disposal
**Balance as at 31st March 2026**
**Depreciation**
0
As at 1st April 2025
Charge for the year
**Balance as at 31st March 2026**
**Net Book Value**
As at 1st April 2025
As at 31st March 2026|**PA System**
**£**
3,812
**3,812**
3,811
-
**3,811**
1
**1**|**Musical**
**£**
12,859
**12,859**
12,858
-
**12,858**
1
**1**|**Equipment**
**Van**
**Total**
**£**
**£**
**£**
12,100
10,450
39,221
3,920
3,920
**16,020**
**10,450**
**43,141**
3,810
4,049
24,528
2,442
1,280
3,722
**6,252**
**5,329**
**28,250**
12,210
6,401
14,693
**9,768**
**5,121**
**14,891**| |---|---|---|---| 12