**Charity registration number 1163272** ## **QUAYSTONE CHRISTIAN CHURCH** ## **ANNUAL REPORT AND UNAUDITED ACCOUNTS** **FOR THE YEAR ENDED 31 MARCH 2024** ## **QUAYSTONE CHRISTIAN CHURCH** ## **LEGAL AND ADMINISTRATIVE INFORMATION** **Trustees** Robert Lambden Rachel Redfearn Barney Skrentny **Charity number** 1163272 **Principal address** Island House Community Centre Roserton Street London E14 3PG **Independent examiner** **Change of name** with effect from 24 July 2024 the charity’s name was changed to: Crossharbour Community Church ## **QUAYSTONE CHRISTIAN CHURCH** ## **CONTENTS** ||_Page_| |---|---| |Trustees' report|1 - 2| |Independent examiner's report|3| |Receipts and payments account|4| |Statement of assets and liabilities|5| |Notes to the accounts|6 - 8| Page | 0 ## **QUAYSTONE CHRISTIAN CHURCH** ## **TRUSTEES' REPORT** ## **FOR THE YEAR ENDED 31 MARCH 2024** The trustees present their annual report and financial statements for the year ended 31 March 2024. The receipts and payments account t has been prepared in accordance with the guidance issued by the Charity Commission and comply with the charity's constitution, the Charities Act 2011. ## _Objectives and activities_ The principal purpose of the Church is the advancement of the Christian faith guided by the principles of the Baptist denomination. The Church may also carry out other charitable purposes which are compatible with the Christian faith in the UK and/or other parts of the world. The Church's activities may include, but are not restricted to: - regular public worship, prayer, Bible study, preaching and teaching - baptism as defined in the Baptist Union's Declaration of Principle - the Communion of the Lord's supper which shall normally be observed at least once a month - evangelism and mission, locally, regionally, nationally and internationally - the teaching, encouragement, welcome and inclusion of young people - nurture and growth of Christian disciples - education and training for Christian and community service - giving and encouraging pastoral care - supporting and encouraging charitable social action in the United Kingdom and abroad - encouraging relationships with and supporting other Christians. The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. ## _Achievements and performance_ Fortnightly public worship meetings have continued throughout the year. Community outreach has continued throughout the year with activities including the English classes, sewing classes, support groups and "Food with Friends" continuing on a weekly or monthly basis. We started a weekly scripture reading group and made available one to one mentoring both for those exploring the Christian faith and for those continuing their journey. We continue to see testimonies of personal transformation in those we are serving. ## _Plans for future periods_ We believe that to better reflect the nature of the church and the community that we serve the name of the charity should be changed to "Crossharbour Community Church" (This was approved by a vote of the church membership in accordance with our constitution, and confirmed by the Charity Commission in July 2024). We are planning to move premises into a nearby building that has been used as a cafe for a number of years by another Christian charity. The move will give us more opportunities to interact with the community, and a more flexible space for the activities of the church. We also planned local activities as part of an outreach week in the Summer of 2024. Page | 1 ## **QUAYSTONE CHRISTIAN CHURCH** ## **TRUSTEES' REPORT (CONTINUED)** ## **FOR THE YEAR ENDED 31 MARCH 2024** ## _Financial review_ The receipts and payments for the year and the assets and liabilities at the end of the year are summarised in the attached accounts. It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. Any unrestricted funds which are not needed for short-term working capital are deposited with The London Baptist Property Board. The trustees consider that this gives an appropriate balance between achieving an investment return, capital protection, liquidity and ensuring that the funds are used for purposes aligned with the church's charitable objects. The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. ## _Structure, governance and management_ The charity was established by a charitable trust and constitution which were updated on 7 June 2015, prior to that date the church was a charity as part of the Baptist Union of GB. This has been replaced by a new constitution adopted by the charity so that it could transfer to a Charitable Incorporated Organisation (CIO) which was registered by the Charity Commission in July 2024. The trustees believe that the Christian faith is of benefit to both individuals and society as a whole, since it works towards a holistic vision of a transformed and peace-filled community and the flourishing of humankind and all of creation. The trustees who served during the year and up to the date of signature of the financial statements were: Robert Lambden Rachel Redfearn Barney Skrentny The trustees are appointed by the church members. The church is affiliated to the Baptist Union of GB, one of the mainstream Christian churches in the UK. The trustees' report was approved by the Board of Trustees. .............................. Robert Lambden Trustee Date: 31 March 2025 Page | 2 ## **Independent examiner’s report to the trustees of Quaystone Christian Church** I report to the trustees on my examination of the accounts of Quaystone Christian Church (the Trust) for the year ended 31 March 2024. ## **Responsibilities and basis of report** As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner’s statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records. 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. Signed: Ruth Savage BBA (Hons), MICB PM.Dip Savage Nine Ltd, 52 Ashley Street, Sible Hedingham, Essex, CO9 3EH 1st July 2025 ## **QUAYSTONE CHRISTIAN CHURCH** ## **RECEIPTS AND PAYMENTS ACCOUNT** ## **FOR THE YEAR ENDED 31 MARCH 2024** |**Notes**
**Income from:**
Donations and legacies
**2**
Manse reimbursement
Investments
**3**
**Total receipts**
**Expenditure on:**
Charitable activities
**4**
**Net receipts (payments) for the year**
Bank balances at 1 April 2023:
Short term deposits
Cash at bank
**Bank balances at 31 March 2024**|**Unrestricted**
**funds**
**Restricted**
**funds**
**Total**
**2024**
**2024**
**2024**
**£**
**£**
**£**
23,543
-
23,543
4,053
4,053
2,041
-
2,041
29,637
-
29,637
35,265
-
35,265
(5,628)
-
(5,628)
86,055
560
86,615
80,427
560
80,987
54,122
-
54,122
26,305
560
26,865
80,427
560
80,987|**Unrestricted**
**funds**
**Restricted**
**funds**
**Total**
**2023**
**2023**
**2023**
**£**
**£**
**£**
22,444
-
22,444
1,978
1,978
681
-
681| |---|---|---| |||25,103
-
25,103| |||22,963
-
22,963| |||2,140
-
2,140| |||83,915
560
84,475| |||86,055
560
86,615| |||52,081
-
52,081
33,974
560
34,534| |||86,055
560
86,615| All receipts and payments derive from continuing activities. Page | 4 ## **QUAYSTONE CHRISTIAN CHURCH** ## **STATEMENT OF ASSETS AND LIABILITIES** ## _**AS AT 31 MARCH 2024**_ |**Notes**
**Fixed assets**
Tangible assets
**5**
**Current assets**
Debtors
Investments (short term deposits)
Cash at bank and in hand
**Creditors: amounts falling due within one**
**year**
Net current assets
**Total assets less current liabilities**
**Income funds**
Restricted funds
**6**
Unrestricted funds
General unrestricted funds
**6**
Revaluation reserve
**6**|**2024**
**£**
-
54,122
26,865|**£**
519,625
80,987
600,612
560
600,052
600,612|**2023**
**£**
4,496
52,081
34,534|**£**
528,817
89,701| |---|---|---|---|---| ||80,987
-||91,111
(1,410)|| ||362,865
237,187||380,771
237,187|| |||||618,518| |||||560
617,958| |||||| |||||618,518| The accounts were approved by the Trustees on: 31 March 2025 .............................. Robert Lambden **Trustee** Page | 5 ## **QUAYSTONE CHRISTIAN CHURCH** ## **NOTES TO THE FINANCIAL STATEMENTS** ## **FOR THE YEAR ENDED 31 MARCH 2024** - **1** _Accounting policies Charity information_ Quaystone Christian Church is an unincorporated charity formed by a trust deed and constitution which were updated in June 2015. This has been replaced by a new constitution adopted by the charity so that it could transfer to a Charitable Incorporated Organisation (CIO) which was registered by the Charity Commission in July 2024. - **1.1** _Accounting convention_ The accounts have been prepared on a receipts and payments basis in accordance with the charity's constitution, the Charities Act 2011. - **1.2** _Going concern_ At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. - **1.3** _Charitable funds_ Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. - **1.4** _Tangible fixed assets_ Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Tangible fixed assets are stated at cost less depreciation. Freehold property is stated at market valuation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows: Land and buildings 2% p.a. on buildings and improvements Plant and machinery 20% - 33.33% p.a. on cost Fixtures, fittings & equipment 10% p.a. on cost The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is recognised in the statement of financial activities. - **1.5** _Impairment of fixed assets_ At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Page | 6 ## **QUAYSTONE CHRISTIAN CHURCH NOTES TO THE FINANCIAL STATEMENTS** ## **FOR THE YEAR ENDED 31 MARCH 2024** - **2** _Donations and legacies_ **Unrestricted Unrestricted funds funds 2024 2023 £ £** Donations and gifts 23,543 22,444 - **3** _Investment income_ |Interest receivable
_Charitable activities_
Donations
Mission partner UK
Ministry activities
Premises and depreciation
Administration|**Unrestricted**
**funds**
**Unrestricted**
**funds**
**2024**
**2023**
**£**
**£**| |---|---| ||2,041
681| ||**Unrestricted**
**funds**
**Unrestricted**
**funds**
**2024**
**2023**
**£**
**£**
310
149
13,200
5,500
277
354
21,058
16,024
420
936| ||35,265
22,963| - **4** _Charitable activities_ Page | 7 **QUAYSTONE CHRISTIAN CHURCH NOTES TO THE FINANCIAL STATEMENTS** ## **FOR THE YEAR ENDED 31 MARCH 2024** ## **5** _Fixed assets_ |**Cost**
At 1 April 2023
At 31 March 2024
**Depreciation and impairment**
At 1 April 2023
Depreciation charged in the year
At 31 March 2024
**Carrying amount**
At 31 March 2024
At 31 March 2023|**Land and**
**buildings**
**Plant and**
**machinery**
**Fixtures,**
**fittings &**
**equipment**
**Total**
**£**
**£**
**£**
**£**
591,228
3,515
37,671
632,414| |---|---| ||591,228
3,515
37,671
632,414| ||74,568
3,460
25,569
103,597
5,912
54
3,226
9,192| ||80,480
3,514
28,795
112,789| ||510,748
1
8,876
519,625| ||516,660
55
12,102
528,817| ## **6** _Funds_ |At 1 April 2023
Adjustment for opening debtors and creditors
Net receipts (payments) for year
Non-cash items - depreciation
At 31 March 2024
General revenue funds
Revaluation reserve|**Unrestricted**
**funds**
**Restricted**
**funds**
**Total**
**funds**
**£**
**£**
**£**
617,958
560
618,518
(3,086)
-
(3,086)
(5,628)
-
(5,628)
(9,192)
-
(9,192)| |---|---| ||600,052
560
600,612| ||362,865
560
363,425
237,187
-
237,187| ||600,052
560
600,612| Page | 8 **QUAYSTONE CHRISTIAN CHURCH** ## **NOTES TO THE FINANCIAL STATEMENTS** ## **FOR THE YEAR ENDED 31 MARCH 2024** ## **7** _Trustees_ None of the trustees (or any persons connected with them) received any remuneration during the year (2023: 0). No trustees were refunded expenses (2023: Nil). Donations received from the trustees via Stewardship or Charities Aid Foundation during the year ended 31 March 2024 amounted to £6,660. The church made charitable grants to Turn Trust amounting to £13,200 during the year on the basis that its mission activities are in line with Quaystone Christian Church’s charitable objectives. Rachel Redfearn (one of the trustees) is employed part-time by Turn Trust. Quaystone Christian Church has frequently given grants to other charities involved in similar Christian work, and the money Rachel Redfearn receives from Turn Trust is not linked in any way to the money given by Quaystone to Turn Trust. The trustees consulted with advisors prior to making these grants and believe that this payment does not represent any kind of benefit to, or remuneration for, Rachel Redfearn. Turn Trust lease the “manse”, a residential owned by the charity, at a peppercorn rent to provide accommodation for Christian workers who support the church’s outreach in the local community. Page | 9