2020-10-31-accounts

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Charity Registration number 1 1 6 3 9 0 7

CROSSFARE CHRISTIAN CENTRE

Report and Unaudited Financial Statements

Period of Accounts

Start date: 01[st] November 2019 End date: 31[st] October 2020

CROSSFARE CHRISTIAN CENTRE

Legal and administrative information

Church Trustees Mr Bassey Marshall (Chairman) Miss Esi Asunam Adu Mr Samuel Ashiru Charity number 1 1 6 3 9 0 7 Church Address Flat 1 38 Gonville Road Thornton Heath Surrey CR7 6DA Accountants ROSAB Accounting & Tax Services 38 Cross Lane East Gravesend Kent DA12 5HH Bankers Lloyds Bank Plc

CROSSFARE CHRISTIAN CENTRE

	Page
Report of the trustees	1 - 2
Report of the independent examiner	3
Income and expenditure	4
Notes to the financial statements	5 - 6

CROSSFARE CHRISTIAN CENTRE

TRUSTEES’ REPORT

The trustees have the pleasure of submitting their report and the financial statements for the year ended 31 October 2020.

Outline

Crossfare Christian Centre is a Pentecostal Church founded in London, United Kingdom in 2014. It is open to all nationalities, races, ages and sexes with the main objective of preaching the gospel of JESUS CHRIST firstly in the United Kingdom and to all over the world.

Objectives of the Charity, Principal Activities and Organisation of Our Work

The objectives of Crossfare Christian Centre are: a)The furtherance of Christianity and the Christian education.

b) Provision of suitable atmosphere where the Christian principles can be taught and developed within our community.

The principal activities of the church are Christian worship, Christian outreach program to increase Christian awareness and to spread the gospel of our Lord Jesus Christ and the development of the whole man, spiritually, mentally and physically.

We have a number of volunteers who assist in helping us achieve our objectives.

Developments, Activities and Achievements in the Year.

The process of development, planning and implementation have continued in the last year, during which the church have been successful spiritually in ministering to the needs of different kinds of people and training the church members to deal with various community members who have been coming to the church requiring different kinds of assistance.

Our outreach works in the year have yielded much fruit. We have extended our counselling and caring works beyond the four walls of the church premises by offering counselling and prayer support to prison inmates, and the sick at the hospitals.

We have also been successful in helping people develop biblical principles that build up their self-esteem enabling them to fulfil their purpose and live a happy and productive life.

2021 Outlook

The church looks forward to the year 2021 with renewed optimism with plans to expand capacity in most of its activities and to increase access for existing and potential users of its services.

Trustees Responsibilities

The trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time. They are also responsible for safeguarding the assets of the trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Review of Financial Position

Please refer to the annexed accounts for the details of the Financial Statements for the year ended 31 October 2020

Page 1

CROSSFARE CHRISTIAN CENTRE

TRUSTEES’ REPORT (CONT)

Trustees’ Responsibilities in Relation to the Financial Statements

The Charities Act requires the Trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for that period. In preparing these financial statements, the trustees are requested to:

Select suitable accounting policies and then apply them consistently;
Make judgements and estimates that are reasonable and prudent;
State whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements;
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The Trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with Charities Act. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Accountants

The Accountants, ROSAB Accounting and Tax Services has indicated their willingness to continue to act for the charity. Accordingly a resolution will be proposed at the forthcoming Annual General Meeting.

Approval

This report was approved by the board of trustees and signed on their behalf by:

Mr Bassey Marshall Chairman, Board of Trustees

On the 24 July 2021

Page 2

CROSSFARE CHRISTIAN CENTRE

Independent Examiner’s Report to the Trustees of Crossfare Christian Centre.

We report on the financial statements of the Trust for the year ended 31 October 2020, which are set out on pages 4 to 7.

In accordance with instructions received, I have prepared without carrying out an audit the financial statements for the year ended 31 October 2020. These financial statements were prepared from accounting records of the church, information and explanations supplied to me by the Church Council.

Our review was limited primarily to inquiries of the trustees and other volunteers and analytical procedures applied to the financial data.

Respective responsibilities of trustees and examiner

The charity’s trustees are responsible for the preparation of the financial statements. The charity’s trustees consider that an audit is not required for this year (under section 43(2) of the Charities Act 1993 (the 1993 Act)) and that an independent examination is needed.

It is my responsibility to:

examine the financial statements (under section 43(3)(a) of the 1993 Act);
to follow the procedures laid down in the General Directions given by the Charity Commissioners (under
section 43(7)(b) of the 1993 Act); and
to state whether particular matters have come to my attention.

Basis of independent examiner’s report

My examination was carried out in accordance with the general directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the financial statements.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

(1) which gives me reasonable cause to believe that in any material respect the requirements

to keep accounting records in accordance with section 41 of the 1993 Act; and
to prepare financial statements which accord with the accounting records and comply with the accounting requirements of the 1993 Act have not been met; or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

ROSAB Accounting & Tax Services 38 Cross Lane East Gravesend Kent DA12 5HH

Date: 24 July 2021

Page 3

CROSSFARE CHRISTIAN CENTRE

Statement of Financial Activities

for the year ended 31 October 2020

Unrestricted Restricted Notes Funds Funds Incoming resources Donations & similar incoming resources 2 76,658 0 Activities in furtherance of the charity's objects 0 0 Investment income 3 0 0 Total Incoming resources 76,658 0 Resources Used Cost of generating funds 4 922 0 Cost of activities in furtherance of the charity's objects 5 58,474 0 Expenditure on managing/administering the charity 6 37,431 0 Investment 7 0 0 Total Resources Used 96,827 0 Net Incoming/(Outgoing) Resources (20,169) 0 Gains and Losses - Gains/losses on assets for own use 0 0 - Gains/losses on investment assets 0 0 Net Movement in Funds (20,169) 0 Balance at 1 November 2018 350,879 0 Balance at 31 October 2019 8 330,710 0	Total Funds 2020 76,658 0 0 76,658 922 58,474 37,431 0 96,827 (20,169) 0 0 (20,169) 350,879 330,710	Total Funds 2019 57,124 0 0 57,124 1,425 19,250 63,372 0 84,046 (26,922) 0 0 (26,922) 377,801
		350,879

Page 4

CROSSFARE CHRISTIAN CENTRE

Balance sheet as at 31 October, 2020

Notes Fixed assets Tangible assets 9 Current assets Debtors and prepayments 10 Cash at bank and in hand Creditors: amounts falling 11 due within one year10 Net current assets Total assets less current liabilities Creditors: amounts falling due after more than one year Net assets Represented by: Funds brought forward Net income/(deficit) over expenditure Total Funds 12	2020 £ £ 155,500 174,904 306 _ 175,210 (600) _ 174,610 _ 330,710 - _ 330,710 _ 350,879 (20,169) _ 330,710 _	2019 £ £ 157,216 192,060 2,203 _ 194,263 (600) _ 193,663 _ 350,879 - _ 350,879 _ 377,801 (26,922) _ 350,879 _	2019 £ £ 157,216 192,060 2,203 _ 194,263 (600) _ 193,663 _ 350,879 - _ 350,879 _ 377,801 (26,922) _ 350,879 _
			350,879 _

Page 5

CROSSFARE CHRISTIAN CENTRE

1. Accounting policies

1.1. Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standards for Smaller Entities (effective April, 2008). In preparing the financial statements the charity follows best practice as laid down in the Statement of Recommended Practice ‘Accounting and Reporting by Charities’ (SORP 2000) issued in October 2000.

1.2. Incoming Resources

Income is recognised in the period in which the charity is entitled to receipt and the amount can be measured with reasonable certainty. Income is deferred only when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.

1.3. Resources Expended

All expenditure is included on cash basis and is recognised when there is a legal or constructive obligation to pay for the expenditure.

1.4. Fund Accounting

Details of the nature and purpose of each fund is set out in note 8.

1.5. Tangible fixed assets

Fixed assets are shown at historical cost

2.Donation & Similar incoming resources Tithes, offerings and voluntary donations (Unrestricted) Building Fund (Restricted 3. Investment Income Income from Media sales Rental Income 4. Cost of Generating Funds Printing & Advertising	2020 £ 76,658 - 2020 £ - - - 2020 £ 922 ______ 922 ======	2019 £ 57,124 - 2019 £ - - - 2019 £ 1,425 ______ 1,425 ======

Page 6

5 COST OF ACTIVITIES IN FURTHERANCE OF CHARITY'S OBJECTS RENT & RATES GIFT TO LESS PRIVILEGED AND ELDERLY PEOPLE OTHER CHARITABLE GIFTS EVANGELISM & MISSIONARY COST 6 EXPENDITURE ON MANAGING/ADMINISTERING THE CHARITY OPERATIONS AND TRUSTEE SUPPORT STAFF TRAINING & WELFARE MOTOR EXPENSES PROPERTY AND FACILITY COST EQUIPMENT PURCHASE REPAIR & MAINTENANCE TELEPHONE, WEBSITE & INTERNET ADMINISTRATION COST / LOAN BUILDING FUND LOAN REFUND MULTI MEDIA PROJECT/MEDIA EXPENSES TRAVEL & SUBSISTENCE ACCOUNTANCY FEE OTHER LEGAL AND PROFESSIONAL FEES GENERAL EXPENSES BANK CHARGES AND INTEREST PAID DEPRECIATION 7 INVESTMENT COST TOTAL COST 8 FUNDS Unrestricted Restricted Funds Funds £ £ At 1 November 350,879.00 - Surplus/(deficit) for the year (20,169.00) - Transfer of funds - - At 31 October 2020 330,710.00 -	7,920.00 28,490.00 17,064.00 5,000.00 58,474.00 - 8,350.00 294.00 5,200.00 8,250.00 6,103.00 1,060.00 45.00 - - - 600.00 4,100.00 1,404.00 309.00 1,716.00 37,431.00 - 96,827.00 Total Funds 2020 £ 350,879.00 (20,169.00) - 330,710.00	5,300.00 950.00 1,000.00 12,000.00 19,250.00 - 23,665.00 - - 708.00 - 933.00 5,704.00 24,000.00 106.00 610.00 600.00 1,845.00 657.00 4,543.00 63,371.00 - 84,046.00 Total Funds 2019 £ 377,801.00 26,922.00 -	5,300.00 950.00 1,000.00 12,000.00 19,250.00
			- 23,665.00 - - 708.00 - 933.00 5,704.00 24,000.00 106.00 610.00 600.00 1,845.00 657.00 4,543.00
			63,371.00
			-
			84,046.00
		350,879.00

Unrestricted funds comprise those funds which the trustees are free to use in accordance with the charitable objects

Restricted funds are funds which have been given for particular purposes and project.

9. Tangible fixed assets

Building £ Cost At 1 November 2015 - Additions 155,500 At 31 October 2020 155,500 Depreciation At 1 November 2019 - Charge for the year - At 31 October, 2020 - Net Book Value At 31 October, 2020 155,500 _ At 31 October 2019 155,500 10. CURRENT ASSETS Prepayments within one year Debtors and prepayments Cash at bank and in hand Cash at bank and in hand	Building £ Cost At 1 November 2015 - Additions 155,500 At 31 October 2020 155,500 Depreciation At 1 November 2019 - Charge for the year - At 31 October, 2020 - Net Book Value At 31 October, 2020 155,500 _ At 31 October 2019 155,500 10. CURRENT ASSETS Prepayments within one year Debtors and prepayments Cash at bank and in hand Cash at bank and in hand	Building £ Cost At 1 November 2015 - Additions 155,500 At 31 October 2020 155,500 Depreciation At 1 November 2019 - Charge for the year - At 31 October, 2020 - Net Book Value At 31 October, 2020 155,500 _ At 31 October 2019 155,500 10. CURRENT ASSETS Prepayments within one year Debtors and prepayments Cash at bank and in hand Cash at bank and in hand	Motor Furniture Van & Fittings £ £ - - - - - - - - - - __ - - - - __ _____ - -	Motor Furniture Van & Fittings £ £ - - - - - - - - - - __ - - - - __ _____ - -	Motor Furniture Van & Fittings £ £ - - - - - - - - - - __ - - - - __ _____ - -	Motor Furniture Van & Fittings £ £ - - - - - - - - - - __ - - - - __ _____ - -	Plant & Equipment £ 14,147 8,570 22,717 21,001 1,716 22,717 - _ 1,716 2020 £ 174,904 2020 £ 306	Total £ 14,147 164,070 178,217 21,001 1,716 22,717 155,500 _ 157,216

				_
								2019 £ 192,060 2019 £ 2,203

Page 8

CREDITORS	2020	2019
	£	£
Creditors: Amounts falling due
within one year
Bank Overdraft	-	-
Other creditors (Accountancy fee)	600	600
	600	600
	£	£
Creditors: Amounts falling due
after more than one year
Mortgage	-	-

Unrestricted Funds 12. Funds £ At 1 November 350,879 Surplus/(Deficit) for the year (20,169) Transfer of Funds - _ 330,710	Restricted Total Funds Funds 2020 £ £ - 350,879 - (20,169) - - __ _____ - 330,710	Total Funds 2019 £ 377,801 (26,922) - _ _ 350,879

Page 9

CROSSFARE CHRISTIAN CENTRE

Period of Accounts

CROSSFARE CHRISTIAN CENTRE

Legal and administrative information

CROSSFARE CHRISTIAN CENTRE

Contents

CROSSFARE CHRISTIAN CENTRE

TRUSTEES’ REPORT

Outline

Objectives of the Charity, Principal Activities and Organisation of Our Work

Developments, Activities and Achievements in the Year.

2021 Outlook

Trustees Responsibilities

Review of Financial Position

CROSSFARE CHRISTIAN CENTRE

TRUSTEES’ REPORT (CONT)

Trustees’ Responsibilities in Relation to the Financial Statements

Accountants

Approval

CROSSFARE CHRISTIAN CENTRE

Independent Examiner’s Report to the Trustees of Crossfare Christian Centre.

Respective responsibilities of trustees and examiner

Basis of independent examiner’s report

Independent examiner’s statement

Date: 24 July 2021

CROSSFARE CHRISTIAN CENTRE

Statement of Financial Activities

for the year ended 31 October 2020

CROSSFARE CHRISTIAN CENTRE

Balance sheet as at 31 October, 2020

1. Accounting policies

1.1. Accounting convention

1.2. Incoming Resources

1.3. Resources Expended

1.4. Fund Accounting

1.5. Tangible fixed assets

9. Tangible fixed assets