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2024-12-31-accounts

Report & Financial Statements

For the year ended 31 December 2024

Company Registration No. 00193144 Charity Registration No. 1164474

CROSSLINKS Company No: 00193144

Contents

Acknowledgements: page 27

1

CROSSLINKS Company No: 00193144 Charity information

Company No.: 00193144 Registered Charity No: 1164474 Principal address 251 Lewisham Way, London SE4 1XF President Mr. David Mills MBE Mission Director Mr John McLernon Trustees Rev. Timothy Houghton Chair Rev. Nick Jones Ms. Deborah Kelly Mr. James Steer Mrs. Victoria Widdows Rt Rev. Roderick C.H. Thomas Mr. Greg Obong Oshotse (Appointed 14[th] March 2024) Ms. Kate Randle (Appointed 14[th] March 2024) Rev. Joel Edwards (Appointed 2[nd] July 2024) Mr. Mark Walkington Mr. Nick Winther Treasurer General Synod Mr. Gabriel Chiu General Synod Representative Co-opted

The Mission Director and General Synod representative are non-voting members of the Board of Trustees. Other senior staff present by invitation.

Bankers Lloyds Bank Plc, 25 Gresham Street, London, EC2V 7HN Danske Bank, Donegall Square North, Belfast. Northern Ireland Allied Irish Bank, 40-42 Ranelagh, Dublin 6. Republic of Ireland Independent Auditor Forvis Mazars LLP, 2[ND] Floor, 6 Sutton Plaza, Sutton Court Road, Sutton, Surrey SM1 4FS Solicitors Lewis & Dick, 443 Kingston Road Ewell, Surrey KT19 0DG Investment Manager RBC Brewin Dolphin Securities Limited, 12 Smithfield Street, London EC1A 9BD

2

CROSSLINKS Company No: 00193144 for the year ended 31 December 2024

The Trustees present their report and financial statements for the year ended 31 December 2024.

Structure, governance and management

Crosslinks is a company limited by guarantee (No. 00193144) which was incorporated on 18 October 1923 and registered as a charity on 19 November 2015 with charity registration number 1164474. The historic role of Crosslinks was as bare trustee.

Any individual can become a member of Crosslinks, if prepared to sign his or her agreement with the basis of the Society, and to signify support for Crosslinks by prayer and gifts for at least a year. The number of members at December 2024 was 913 (2023: 790), with an unquantified number of other individual supporters.

A maximum of 13 individuals makes up the Board of Trustees, of whom 8 are elected on a 5-year cycle by members of Crosslinks prior to the Annual General Meeting normally held in June. Trustees can be elected for up to two periods of 5 years, after which there must be a gap of at least one year before being eligible to stand again for election. Profiles of members standing for election are sent to all members prior to the Annual General Meeting. The Board of Trustees may co-opt up to four members in addition to the eight elected members and care is taken to ensure there is a balance of skills and representation on the Board of trustees.

During the year various aspects of the activities of Crosslinks are presented to the Board of Trustees so they gain a more in-depth appreciation of the work done by the society. The Board of Trustees normally meets five times a year.

The Board of Trustees is responsible for the strategy and direction of Crosslinks, guarding its doctrinal position in the Christian world and monitoring performance on a regular basis, under the spiritual leadership of the Mission Director. The Mission Director (MD), with the assistance of the staff, is responsible for the day to day running within the policies set by the Board of Trustees.

Selection and Induction of Trustees

To be a trustee of Crosslinks, members are nominated by five current members (one of whom must be a trustee) and must sign the Basis of the Society. If there are more candidates standing than vacancies on the Board of Trustees an election is held, with all current voting members entitled to vote. New Trustees are announced at the Annual General Meeting. Once a Trustee is elected, they are introduced at the first Board of Trustees meeting and provided with the necessary background papers and briefings.

Responsibilities of the trustees

Charity law requires the Trustees to prepare Financial Statements for each financial year which give a true and fair view of the state of affairs of Crosslinks and of its income and expenditure for the financial year. In preparing financial statements the Trustees are required to:

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of Crosslinks and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of Crosslinks and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees set the remuneration of the Senior Leadership Team and decide any cost-of-living increase to be granted to the whole of the UK staff on an annual basis each November.

Each trustee, as at the date of this report, has confirmed that insofar as they are aware there is no relevant information (that is information needed by auditors are unaware and they have taken the reasonable steps that they ought to have taken as trustees in order to make themselves aware of any relevant audit informat of that information.

Public benefit

The Trustees have complied with their duty as per the Charities Act 2011 to have due regard to Public Benefit guidance published by the Charity Commission.

The Society advances religion for the public benefit by serving churches and individuals in the proclamation of the good news of the Christian gospel, in Britain, Ireland and around the world. We believe it is of eternal benefit to all people to have the opportunity to hear and respond to the invitation of salvation from our loving God.

3

CROSSLINKS Company No: 00193144

24 (continued)

The ways in which the Society seeks to serve churches and individuals in this endeavour are:

In each of these three areas there are clear ways in which each seeks to proclaim the good news of the Christian gospel through the lens of our two fundamental priorities of evangelistic (i.e. gospel) opportunities and training trainers.

Fundraising Policy

Crosslinks sees itself as a voluntary society of members, who make up the membership of the limited Company.

Crosslinks does not therefore raise funds direct from the public, but receives all of its income from members, individual supporters, churches, trusts, and it also receives legacies from past supporters and members.

Requests for financial support are made to the above groups, on the basis that they have already expressed an interest in the work of Crosslinks. Crosslinks does not contract with any third party for any fundraising activity. Crosslinks is registered with the Fundraising Regulator as well as the Fundraising Preference Service.

Any requests for support are carefully vetted by the Crosslinks team leadership, so that no undue pressure is put on

Reserves policy

Crosslinks should hold a level of free reserves (being total unrestricted funds excluding tangible fixed assets and £ 1,694,182. Free reserves at 31 December 2024 were £626,175 which is 37% (or four months) of stated policy level. Trustees regularly review the steps required to achieve the amounts required in reserves policy, whether by sale of surplus tangible assets or review of current and future activities of the Society.

Investment policy

The historic assets of Crosslinks have been used to hold properties for the accommodation of senior staff, and for the two offices in London and Belfast, from which the Society world. In addition, the resources of Crosslinks have also been held to provide working capital to meet the demands of the ministry throughout the year, but also to meet the current long-term s (See note 13).

Surplus resources not needed for these requirements have been invested, and the trustees have delegated the dayto-day management of this general investment portfolio to Brewin Dolphin Securities Ltd (See page 2).

Brewin Dolphin has the authority and discretion to make investment decisions within the stated objectives of capital growth, a long-term time horizon of at least 10 years, and with a risk category commensurate with this capital growth objective. The Treasurer and Finance Director are in regular communication with Brewin Dolphin to monitor performance.

At the year end the portfolio held 76.4% equities, split between UK and international equities, 16.3% in fixed income, and 7.3% in cash

Risk management

The Trustees have a risk management strategy which comprises:

The trustees aim to review risk under the following 8 headings:

4

CROSSLINKS Company No: 00193144 the year ended 31 December 2024 (continued)

2024 Mission Activities

Crosslinks is currently working on 5 continents, and across all our means of mission as can be seen by the tables below.

----- Start of picture text -----
The Americas Europe Africa Asia & Australia
Long Term Long Term Long Term Long Term
Programmes Programmes Programmes Programmes
Mission Partners 04 Mission Partners 53 Mission Partners 17 Mission Partners 02
MP Projects 02 MP Projects 14 MP Projects 06 MP Projects -
Assoc. MPs - Assoc. MPs 04 Assoc. MPs 06 Assoc. MPs 06
AMP Projects - AMP Projects 01 AMP Projects 01 AMP Projects -
Short term Short term Short term Short term
Programmes Programmes Programmes Programmes
Individuals 02 Individuals 05 Individuals 03 Individuals 01
SBT - SBT - SBT - SBT -
Teams - Teams - Teams 09 Teams -
Indigenous Indigenous Indigenous Indigenous
Projects 03 Projects 05 Projects 11 Projects 03
Study Partners 04 Study Partners 08 Study Partners 94 Study Partners 06
----- End of picture text -----

2023 Mission Activities

----- Start of picture text -----
The Americas Europe Africa Asia & Australia
Total 14 Total 73 Total 127 Total 19
----- End of picture text -----

5

the year ended 31 December 2024 (continued)

CROSSLINKS Company No: 00193144

Finance Overview

In 2024 Crosslinks operated in 5 continents across the globe, taking in Europe, Asia & Australasia, Africa, and The Americas. During the year we have been encouraged by the support of our Members, Churches, Trusts, individuals, and the legacies that we have received. This year Crosslinks received £ 3,784,543 against expenditure of £ 3,885,482, an operating deficit of £ 100,939 operating activities.

----- Start of picture text -----
Other Income
Legacies £0.04m
£0.25m 1.1%
6.6%
Trust Donations
£0.32m
8.6%
2024 Income £3.78m
Personal Donations £2.09m (55.3%)
Church donations £1.08m (28.5%)
Personal Donations Trust Donations £0.32m (8.6%)
Church Donations
£2.09m
£1.08m 55.3% Legacies £0.25m (6.6%)
28.5%
Others £0.04m (1.1%)
----- End of picture text -----

----- Start of picture text -----
Cost of raising funds
£0.11m £0.14m
2.9% 3.7%
Building Partnerships
£0.49m
12.6%
Projects & Grants
£0.27m
7.0%
Short Term
£0.13m
3.5% Mission Partners and Associates
£2.73m
70.3%
----- End of picture text -----

2024 Expenditure £3.89m

Mission Partners and Associates £2.73m (70.3%) Short Term Programmes £0.13m (3.5%) Projects & Grants £0.27m (7.0%) Building Partnerships £0.49m (12.6%) Cost of raising funds £0.11m (2.9%)

6

CROSSLINKS Company No: 00193144 T for the year ended 31 December 2024 (continued)

Financial review

Income totalled £ 3,784,543 which was £ 237,124 higher than 2023 (£ 3,547,419), an increase of 6.68% on 2023.

Donations from individuals relating to continuing support amounted to £ 2,091,034 an increase of £ 135,572 on 2023 (£ 1,955,462). Donations from churches of £ 1,079,869 showed an increase of £ 15,564 on 2023 (£ 1,064,305).

Legacies received in the year amounted to £ 248,857 (2023: £ 201,563), which is £ 47,294 higher.

Trust Income received in the year amounted to £ 324,518 (2023: £ 292,324), which is £ 32,194 higher.

Expenditure amounted to £ 3,885,482 which was £ 187,082 higher than last year (2023: £ 3,698,400), an increase of 5.06%.

During the year our investments, held for the provision of historical pensions, gained £ 32,917 (2023: £ 24,411 gain).

The net deficit before actuarial gain/(loss) on pensions and assets revaluation was £ 68,022 compared to net deficit of £ 126,570 in 2023. We are grateful for the continuing support of our members, Churches, Trusts, and individuals to Crosslinks.

The value of the investment portfolios increased by 9.0% in 2024 (2023: 7.27% increase) compared to an increase of 9.7% for the FTSE 100 (2023: 3.8% increase). The value of the portfolio at 31 December 2024 was £ 466,198 (2023: £ 427,698). This increase is a gain of £ 38,500 before costs and retained income.

Cash of £ 452,152 at 31 December 2024 held in bank accounts to meet Crosslinks day to day expenditure (2023: £ 1,195,782 that included the temporary holding of net proceeds from the Sale of a Bartlett Trust Property of £662,189 and the balance of £533,593 held in bank accounts to meet Crosslinks day to day expenditure).

Crosslinks also owns property for its own use as offices or accommodation for its staff. The value of the property portfolio at 31 December 2024: £ 2,923,000 (2023: £ 3,090,600). This is shown under the heading of Tangible Fixed Assets in the Balance Sheet.

The Investments and Tangible Fixed Assets together more than cover the Long-Term Unfunded Pension liability of £ 490,000 as at 31 December 2024 (2023: £ 555,000).

The cash resources and working capital position at the balance sheet date reflect the benefit of commitments by our supporters to meet their obligations and promises year by year.

Crosslinks has a usable surplus in its Church of England Defined Contribution Scheme of £ nil (2023: £127,000).

The actuarial valuation of the Crosslinks unfunded pension scheme liability has decreased by £ 65,000 (2023: £ 6,000 decrease) and now stands at £ 490,000 (2023: £ 555,000).

All current and future Mission Partners and UK Staff are now invited to join the Church of England Defined Contribution Scheme (called Pension Builder Classic). This scheme is auto enrolment compliant. Employer contributions are calculated on the basis of 20% of Church of England National Minimum Stipend for Mission Partners and 20% of salary for UK Staff.

As a result of the above, the financial statements show a net reserves position, after provision in full for the future fiscal impact of pension liabilities, of £ 3,533,178 (2023: £ 3,758,950).

Against this background, the Trustees remain hugely grateful to God for the continuing support of churches, Individuals and Trusts,

Going Concern

The Trustees continue to monitor the issues that affect both the short- and long-term viability of the Society to ensure that it remains a going concern.

Our careful budgeting and monitoring process ensures that all Mission Partners are fully funded and three-year projections provide early warning of any corrective action that is needed. Other mission activities are committed to, only based on funds that have been received or promised and with no financial liability to the Society.

There are sufficient funds from projected income and cash reserves, if necessary, to cover the budgeted central operating costs of running the Society for at least the next three years.

7

CROSSLINKS Company No: 00193144

4 (continued)

Review of activity and future plans

. We promote and enable

engagement by:

At the end of 2024 there were 92 Mission personnel serving with Crosslinks in 26 countries. The Senior Leadership team support them through personal visits, online meetings and conferences. In early January 2025 Crosslinks ran a residential conference in Kenya for Africa Mission Partners and their families, providing spiritual refreshment, encouragement, and fellowship. In all, 56 attended.

Despite the challenges of the past few years, new mission personnel continued to be selected, prepared, and placed overseas. The Mission activities of the Society are summarised geographically on page 5 of these statements. During the year 0 AMPs retired, and 4 MPs resigned at the end of their deployments. 6 MPs were placed around the world.

112 Study Partners from 24 countries, who are actively engaged in theological and ministry courses in 31 different colleges in 18 countries.

The Office Team in London and Belfast are equipped to work flexibility. This year we further supported that work adaptability by migrating to cloud-based systems and storage. Staff and Trustees met in November 2024 for a conference. One of the conference aims was to share further developments on the strategic priorities set in our Centenary year 2022.

During 2024 Kate Randle, Greg Obong Oshotse and Joel Edwards joined as Trustees.

The trustees are grateful for the progress that continues to be made by Crosslinks mission personnel and projects,

Our prayer is that these efforts, by the grace of God, will result in disciple making disciples across the entire world.

Auditors

A resolution will be proposed at the Annual General Meeting that Forvis Mazars LLP be appointed as auditors to Crosslinks.

BY ORDER OF THE BOARD

Rev. Tim Houghton Trustee

20/06/2025

8

CROSSLINKS Company No: 00193144

Crosslinks

Opinion

2024 which

comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows, and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS Accepted Accounting Practice).

In our opinion, the financial statements:

expenditure for the year then ended.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern.

accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report, other than the financial statements statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements, or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

of company law, for the financial year for which the financial statements are prepared is consistent with the financial statements; and

legal requirements.

9

CROSSLINKS Company No: 00193144

Matters on which we are required to report by exception.

In light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of Trustees

the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud o Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of the financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. Based on our understanding of Crosslinks and its activities, we identified that the principal risks of noncompliance with laws and regulations related to the Charities Act 2011, UK tax legislation, pensions legislation, employment regulation and health and safety regulation, anti-bribery, corruption and fraud, money laundering, and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements, such as the Companies Act 2006 and the Charities Statement of Recommended Practice.

financial statements (including the risk of override of controls) and determined that the principal risks were related to posting manual journal entries to manipulate financial performance, management bias through judgements and assumptions in significant accounting estimates, in particular in relation to use of restricted and endowment funds, and significant one-off or unusual transactions.

10

CROSSLINKS Company No: 00193144

Our audit procedures were designed to respond to those identified risks, including non-compliance with laws and regulations (irregularities) and fraud that are material to the financial statements. Our audit procedures included but were not limited to:

There are inherent limitations in the audit procedures described above and the primary responsibility for the prevention and detection of irregularities including fraud rests with management. As with any audit, there remained a risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls.

A further description of our responsibilities for the audit of the financial statements is located on the Financial www.frc.org.uk/auditorsresponsibilities. This report.

Use of the audit report

Companies Act 2006. Our audit work has been undertaken so that we might s

by law, we do not accept or assume responsibility to anyone other than the charity and the charity body for our audit work, for this report, or for the opinions we have formed.

Signed:

Nicola Wakefield

(Senior Statutory Auditor)

for and on behalf of Forvis Mazars LLP

Chartered Accountants and Statutory Auditor

6 Sutton Plaza, Sutton Court Road, Sutton, Surrey, SM1 4FS

Date: 20/06/2025

11

CROSSLINKS Company No: 00193144 Statement of financial activities for the year ended 31 December 2024

Notes
Unrestricted
£
Income
Donations and legacies
2
3,311,203
Investment income
3
11,960
Other income
26,949
Total Income
3,350,112


Expenditure
Cost of Raising Funds
4
114,148
Charitable activities
5
3,274,214
Total Expenditure
3,388,362
Operating (Deficit)
(38,250)
Net gains on investments
10
25,504
Transfers
Transfers between funds
(63,531)
Net Movement in funds after transfers
(76,277)
Revaluation of Property Asset
9
(167,600)
Gain on defined benefit pension
scheme
13
-
Gain(loss) on unfunded pension
scheme
13
9,850
Net Movement of funds
(234,027)
Reconciliation of funds
Total funds brought forward
14, 15
3,360,200
Total funds carried forward
14, 15
3,126,173		 Restricted
£
433,075
1,356
-
434,431

-
497,120
497,120
(62,689)
7,413
63,531
8,255
-
-
-
8,255
398,750
407,005		 2024
Total
£
3,744,278
13,316
26,949
3,784,543

114,148
3,771,334
3,885,482
(100,939)
32,917
-
(68,022)
(167,600)
-
9,850
(225,772)
3,758,950
3,533,178		 2023
Total
£
3,513,654
11,695
22,070
3,547,419
118,843
3,579,557
3,698,400
(150,981)
24,411
-
(126,570)
127,151
127,000
(54,004)
73,577
3,685,373
3,758,950

The charity statement of financial activities includes all recognised gains or losses in the year

12

CROSSLINKS Company No.: 00193144 Balance sheet at 31 December 2024

Notes
Fixed assets
Tangible fixed assets
9
Investments
10
Current assets
Debtors
11
Cash at bank & in hand
20
Creditors: Amounts falling due within one year
12

Net current assets or liabilities
Net asset or liabilities excluding pension asset or
liability
Provision for Unfunded Pension
13
Usable surplus for C of E Scheme
13
Total net assets or liabilities
Funds
Restricted
14
Unrestricted
15		 £
2,930,805
466,198
277,425
452,152
729,577
(103,402)

 2024
£
3,397,003

626,175
4,023,178
(490,000)
-
3,533,178
407, 005
3,126,173
3,533,178		 £
3,100,492
427,698
267,715
1,195,782
1,463,497
(804,737)

 2023
£
3,528,190
658,760
4,186,950
(555,000)
127,000
3,758,950
398,750
3,360,200
3,758,950

Approved by the Trustees on 18[th] June 2025 and signed on their behalf by:

Mr N. Winther Treasurer

Rev. T. Houghton Chair

13

CROSSLINKS Company No.: 00193144 Statement of cash flows for the year ended 31 December 2024

Notes
Net cash (outflow)/inflow from
operating activities
19
Returns on investments and servicing of
finance
Investment Income
Net cash inflow from returns on investments &
servicing of finance
Capital expenditure & financial
investment
Disposal of investments

Movement in Cash
Purchase of fixed assets
Purchase of investments
Cash outflow for capital expenditure &
financial investment
(Decrease)/ Increase in cash
20		 £

13,316
74,971
157
(1,973)
(80,711)		 2024
£
(749,390)
13,316

(7,556)
(743,630)		 £

11,695
47,043
10,842
(7,963)
(62,469)		 2023
£
967,940
11,695
(12,547)
967,088

14

CROSSLINKS Company No.: 00193144 Notes to the financial statements for the year ended 31 December 2024

1 Crosslinks is a charitable company registered in England and Wales (Co. No. 00193144) and with the charity commission (Charity No. 1164474). The registered address is 251 Lewisham way, London SE4 1XF.

1.1 Accounting policies

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial Statement are as follows:

1.2 Basis of accounting

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 (FRS102) (effective 1 January, 2019) - (Charities SORP (FRS102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Companies Act 2006.

Crosslinks meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.

1.3 Going Concern

The trustees have prepared the financial statement on a going concern basis. The trustees have carefully considered the budgets for the 12 months from the date of signing. The trustees believe that Crosslinks has sufficient funds to meet their liabilities as they fall due.

1.4 Income

Income is recognised when the charity has entitlement to the funds, and it is probable that the funds will be received, and the amount can be measured and is not deferred. Interest receivable is dealt with on an basis. Investment income is dealt with on an basis.

1.5 Fund accounting

All funds received by Crosslinks are applied to the support of direct or indirect mission costs in accordance with the objects of the charity. Where applicable, tax is recovered under the Gift Aid scheme.

As a prerequisite of deploying mission partners, we seek funding partnerships to support an initial 3 years of living expenses and other costs of mission including central administration. All funds received are managed in the name of the individual Mission Partners or other means of mission but are held collectively within general unrestricted funds for the benefit of all mission in process at any one time.

Unrestricted funds

Restricted funds

These are funds which can only be used for restricted purposes within the objects of the charity. Restrictions may arise when specified by the donor or when funds are raised for restricted purposes.

1.6

Expenditure

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 reliably measured. Cost of raising funds - This comprises all costs incurred in attracting voluntary income. Costs of charitable activities - This comprises all costs directly related to the objects of Crosslinks.

1.7

Depreciation

Material individual fixed assets are capitalised at cost. Depreciation is calculated to write off the cost of fixed assets in use at the balance sheet date on the basis described in note 9.

Depreciation and surpluses or losses on the disposal of fixed assets used for charitable purposes are reflected in the Statement of Financial Activities before stating net income before transfers. The charity adopts a policy of revaluation for its properties. Further detail is provided in note 9.

15

CROSSLINKS Company No.: 00193144 Notes to the financial statements for the year ended 31 December 2024 (Continued)

1 Accounting policies (continued)

1.8 Pension contributions

The Society makes use of a defined contribution scheme administered by the Church of England Pensions Board. Contributions payable to the pension schemes are charged to the Statement of Financial Activities to spread the cost of pensions over the service lives of employees in the pension scheme. Mission Partners and UK staff who are ordained are members of the Church of England Clergy Pension scheme for whom Crosslinks makes no contributions. See note 13 for further information. The Society also provides unfunded pensions for some former Mission Partners and UK staff (see note 13).

1.9 Branch offices

The results for the office in Ireland have been incorporated into these financial statements.

1.10 Investments

Investments are stated at market value on the last day of business in the accounting period. Gains and losses on the disposal of investments together with unrealised gains or losses on the annual revaluation are disclosed in aggregate in the Statement of Financial Activities.

1.11 Operating leases

Rentals applicable to operating leases where all the benefits and risks of ownership remain substantially with the lessor are charged to the Statement of Financial Activities as incurred over the term of the lease.

1.12 Foreign currencies

Transactions in foreign currencies are translated at the rates prevailing at the date of the transaction. Balances denominated in foreign currency are translated at the rate of exchange prevailing at the year end.

1.13 Critical Accounting Judgements and Estimation Uncertainty

The directors evaluate estimates and judgements incorporated into the financial statements. Estimates are based on historical information, assume a reasonable expectation of future events, and are based on current trends and economic data, obtained both externally and within the charity:

Property Valuations

Property is disclosed at fair value at the date of the financial statements. We rely on external RICS valuations for 2024. The trustees have reviewed the valuations and consider them to be the fair value of the properties at the year-end.

Pension liabilities

The pension liability is held at the valuation performed at the year-end by external actuaries and the trustees consider this to be a reasonable estimate of the pension liabilities.

1.14 Admin Costs (Note 7)

The admin costs are calculated by removing the costs which relates to the cost of raising funds (Note 4), building partnerships (Note 5), and central support fees from total expenditure of the four UK teams.

2 Donations & legacies

Unrestricted
Restricted


£
£
Donations from Individuals
1,850,418
240,616
Donations from Churches
974,325
105,544
Legacies
248,857
-
Donations from Trusts
237,603
86,915
3,311,203
433,075		 2024

Total

£
2,091,034
1,079,869
248,857
324,518
3,744,278		 2023
Total
£
1,955,462
1,064,305
201,563
292,324
3,513,654

16

CROSSLINKS Company No.: 00193144 Notes to the financial statements for the year ended 31 December 2024 (Continued)

3
Investment Income
Unrestricted
Restricted
£
£
Rental income
-
-
Interest Received
3,364
-
UK Stock Exchange dividends
8,596
1,356
11,960
1,356
4
Costs of raising funds
Mission
Partnership
Team
Ireland


£
£
Salaries and pension
60,981
30,888
Mission Travel
4,622
635
Magazines & literature
15,520
-
Other costs
45
1,457
81,168
32,980		 2024
Total
£
-
3,364
9,952
13,316
2024

Total

£
91,869
5,257
15,520
1,502
114,148		 2023
Total
£
-
2,889
8,806
11,695
2023
Total
£
94,858
4,952
16,626
2,407
118,843

The above costs are an estimate of the contribution the Mission Partnerships team and the Ireland team

5 Charitable activities

haritable activities
Direct costs
Admin costs
(Note 7)


£
£
Mission Partners and Associates
2,505,933
225,534
Short-term programmes (Teams &
Individuals), camps
123,276
11,095
Projects and grants (Note 6)
248,710
22,384
131,450
11,831
Building Partnerships
450,570
40,551
3,459,939
311,395		 2024
Total

£
2,731,467
134,371
271,094
143,281
491,121
3,771,334		 2023
Total
£
2,541,670
102,852
236,462
123,879
574,694
3,579,557

The building partnership line above is an estimate of the cost incurred by each team enabling the above charitable activities and is a percentage of team costs.

6 Projects & Grants

Permanent Projects £
France/Belgium/Germany Inter-Action 15,596
Ethiopia Nekemte school for the deaf 18,583
India Education for Liberation 7,045
Uganda Karamoja 11,875
Cuba Predica Fiel 4,097
Artic Arctic Diocese 109

57,305

17

CROSSLINKS Company No.: 00193144 Notes to the financial statements for the year ended 31 December 2024 (continued)

Projects & Grants

Projects & Grants Projects & Grants Projects & Grants
Crosslinks Indigenous Projects (Grants) £
India North India Bible Training 45,075
Kenya 35,018
Serbia Project Timothy 18,629
Kenya Gracepoint Youth Worker 16,634
Latvia Pardaugava Reformed Church 14,524
Kenya Marsabit Youth Worker 11,550
Nepal Kantipur Church 9,043
Cuba Ceron, Cristobal 7,176
Ethiopia Indigenous Evangelism and Renewal 7,109
South Africa Christ Central Soweto 6,103
Belgium GBU Worker - Belgium 5,005
UK Ministry Fund 5,003
Egypt Diocese of Egypt 3,160
Nigeria Namata, Habibu 2,503
Nigeria Chanta, Ezekiel 2,212
Nigeria Ayuba Ashiru 2,211
__
190,955
Grants of £1,000 or less 450
__
191,405
__
Total Project & Grants 248,710
Other Project Activities
(In addition to the support of Mission Partners and Associate Mission Partners, the following payments were
made in 2024 for project activities listed below, all covered by designated income.
Associate Mission Partners Projects £
South Africa Buchanan, Hope Church 36,790
_
36,790
Mission Partners Projects £
Ukraine Innes
Ukraine Response		 8,597
Italy Oden Gospel Worker 13,931
Portugal Clarke, Comundade de Graca 9,246
Italy Aranzulla, Project Fund 8,433
Nepal Watkinson, SBT Support Fund 1,731
Uganda Howles, UMS Building 6,283
Kenya Mwangi Youth Workers Training 4,188
Argentina Walkers Francisco & Ely Aguirre 112
South Africa 695
__
53,216
BEST £
South Africa Tomalin, Adam 15,618
Kenya Mogita, Abel Moriasi 6,008
Kenya Kahane, Alex Muiruri 4,070
Uganda Egati Eric 3,581
Uganda Cwinyaai Walter 3,468
Kenya Munyoroku, Henry 3,409
Tanzania Katunzi Grayson 2,964
Nigeria Jos Evangelical Theological 2,785

6.1 Other Project Activities

18

CROSSLINKS Company No.: 00193144 Notes to the financial statements for the year ended 31 December 2024 (continued)

Projects & Grants
BEST
Zambia
Moono, Bright
Argentina
Perez, Gibbons, Gaston
Zambia
Chilufya, Joseph
Argentina
Fernandez, Maria Emilia
Uganda
Ntambi Derrick
South Africa
Nkosi, Bonginkosi
Tanzania
Elphace, Raymond
South Sudan
Nguale, Marko Weya
Chile
Yulan, Belen Soledad
Chile
Gonzalez, Luis Gomez
Zambia
Mulenga, Ernest
Ghana
Abosi, Joseph
Kenya
Odhiambo, Erick Otieno
Kenya
Atsali, Samuel
Kenya
Opiyo, Evans
Kenya
Owade, Mary Adhiambo
Tanzania
Philipo, David
Togo
Amou, Koffi
Uganda
BUILD North Karamoja students
Serbia
Jovetic, Radomir
Tanzania
Chihamba, Faraja
South Africa
Maseko, Banele
Belgium
Arnaud, Toni
South Africa
Mangwira John
Ethiopia
Senbeto, Fekede Gemechu
Kenya
Bulyaar, George Thogula
Others
Payments of £1,000 or less
Administration costs allocation
Mission
Personnel
Team
The Hub
Mission
Partnership
Team
£
£
£
Salaries and pensions
265,776
252,703
152,454
Office expenses & other costs
5,537
218,639
11,584
Governance Costs
-
41,537
-
Communication costs
-
-
50,981
Total Expenditure by Teams
271,313
512,879
215,019
Less: Costs of raising funds
(Note 4)
-
-
(81,170)
Less: Costs relating to Building
Partnerships
(196,449)
(98,223)
(108,047)
Less: Central Support Fees
-
(249,658)
-
Total Administration Costs
74,864
164,998
25,802		 Ireland
Team
£
154,438
12,246
-
427
167,111
(32,978)
(88,402)
-
45,731		 2024
Admin
Costs
£
825,371
248,006
41,537
51,408
1,166,322
(114,148)
(491,121)
(249,658)
311,395		 2,778
2,730
2,701
2,644
2,630
2,613
2,541
2,541
2,500
2,500
2,441
2,399
2,235
2,091
1,643
1,612
1,527
1,483
1,332
1,311
1,294
1,287
1,178
1,141
1,108
1,015
__
93,178
25,468
__
208,652

7 Administration costs allocation

The total expenditure of the four UK teams is shown above. The administration costs are calculated by removing the costs which relate to the cost of raising funds (Note 4) and building partnerships (Note 5). No trustees were remunerated during the year (2023: None) for their services as trustees.

Audit Fees for 2024 were £ 19,845 plus VAT (2023: £ 18,900 plus VAT).

19

CROSSLINKS Company No.: 00193144 Notes to the financial statements for the year ended 31 December 2024 (continued)

8 Staff costs

aff costs
2024 2023
£ £
Salaries 655,364 681,972
Social security costs 65,176 67,030
Pension contributions (C of E) 104,831 110,779
825,371 859,781
Staff numbers 2024 2023
Full time Part time Full time Part time
Partnership 3 1 3 1
Personnel 3 1 4 1
Ireland 1 2 2 2
Hub 5 - 6 -
12 4 15 4

In addition, there are 76 (2023: 65) Mission Partners and 16 (2023: 16) Associate Mission Partners for whom the charity is responsible.

One employee was paid at a rate between £60k - £70k in 2024 (2023: One) a further £13k of Pension contributions were made for this employee.

The key management personnel of the Charity comprise the Senior Leadership Team (4) whose employee benefits total £ 254,631 (2023: £ 274,358).

9 Tangible Fixed assets

Cost or valuation
At 1 January 2024
Additions
Property Revaluation
Write offs
At 31 December 2024
Depreciation
At 1 January 2024
Charge for the year
At 31 December 2024
Net book value
At 31 December 2024
At 31 December 2023		 Freehold
property
Furniture and
equipment
£
£
3,090,600
21,946
-
1,973
(167,600)
-
-
-
2,923,000
23,919
-
12,054
-
4,060
-
16,114
2,923,000
7,805
3,090,600
9,892		 Total
£
3,112,546
1,973
(167,600)
-
2,946,919
12,054
4,060
16,114
2,930,805
3,100,492

The historical cost of the freehold property shown above was £ 2,057,701 (2023: £2,057,701).

20

CROSSLINKS Company No.: 00193144 Notes to the financial statements for the year ended 31 December 2024 (continued)

The building element of freehold properties is written off on a straight-line basis over 50 years. Furniture and equipment are depreciated at 15% per annum on a reducing balance basis or 20% per annum on cost depending upon the estimated useful life of the assets.

Our properties are valued on a 3-year basis by a RCIS Surveyor. However, between valuation dates, an annual desktop review is undertaken to measure fair value using relevant indices (primarily House Price Index) and supported by actual sale information of equivalent properties.

10 Investments

Listed on the Stock Exchange
Cash held as part of the investment portfolio
Cash Held in Charities Official Investment Fund
Movement in Investments during the year
Value at 1 January
Additions of listed investments
Disposals of listed investments
Movement in cash
Gains on investments
Value at 31 December		 Cost
£
397,289
7,378
1,872
406,539		 2024
Market
value
Cost
£
£
456,948
386,519
7,378
3,482
1,872
2,789
466,198
392,790
2024

£

427,698
80,711
(74,971)
(157)
32,917
466,198		 2023
Market
value
£
421,427
3,482
2,789
427,698

2023
£
398,703
62,469
(47,043)
(10,842)
24,411
427,698

Included in the portfolio are the following investments which represent more than 5% of the total value of the portfolios.

2024 2023
Market value Market Value
£
 £
Vanguard Funds Plc FTSE 100 UCITS ETF GBP DIS 28,798 23,393
Vanguard Investment UK LT US Equity IDX 36,453 29,295
11 Debtors
2024 2023
£ £
Accrued Income 239,734 231,381
Prepayments 37,691 36,329
Other debtors - 5
277,425 267,715

Accrued Income includes legacies of £127k (2023: £145K).

21

CROSSLINKS Company No.: 00193144 Notes to the financial statements for the year ended 31 December 2024 (continued)

12 Creditors

Social Security
Funds held on behalf of others -Bartlett Trust (note 21)
Accrued expenses		 2024
£
20,582
-
82,820
103,402		 2023
£
21,267
662,189
121,281
804,737

13 Pensions

Crosslinks participates in the following 5 separate pension schemes, 4 of which are within the Church Workers Pension Fund (CWPF) of the Church of England Pension Board (CEPB).

a. Crosslinks CWPF Pension Builder Classic scheme, for all current lay UK staff and Mission Partners

Crosslinks participates in the Pension Builder Scheme section of CWPF for lay staff. CWPF is administered by the Church of England Pensions Board, which holds the CWPF assets separately from those of the Employer and other participating employers.

CWPF has two sections:

  1. the Defined Benefits Scheme

  2. the Pension Builder Scheme, which has two subsections;

a. deferred annuity section known as Pension Builder Classic, and,

Pension Builder Scheme

Both sections of the Pension Builder Scheme are classed as defined benefit schemes.

Pension Builder Classic provides a pension, accumulated from contributions paid and converted into deferred annuity during employment based on terms set and reviewed by the Church of England Pensions Board from time to time. Discretionary increases may also be added, depending on investment returns and other factors.

Pension Builder 2014 is a cash balance scheme that provides a lump sum which members use to provide benefits at retirement. Pension contributions are recorded in an account for each member. Discretionary bonuses may be added before retirement, depending on investment returns and other factors. The account, plus any bonuses declared is payable, unreduced, from age 65.

There is no sub-division of assets between employers in each section of the Pension Builder Scheme.

The scheme is considered to be a multi-employer scheme as described in Section 28 of FRS 102. This is employers and means that contributions are accounted for as if the Scheme were a defined contribution scheme. The pensions costs charged to the SoFA in the year are the contributions payable (2024: £378,976, 2023: £376,919).

A valuation of the Pension Builder Scheme is carried out once every three years. The most recent valuation was carried out as at 31 December 2022.

22

CROSSLINKS Company No.: 00193144 Notes to the financial statements for the year ended 31 December 2024 (continued)

For the Pension Builder Classic section, the valuation revealed a surplus of £34.8m on the ongoing assumptions used. At the most recent annual review effective 1 January 2025, the Board chose to grant a discretionary bonus of 6.7% to both pensions not yet in payment and pensions in payment in respect of service prior to April 1997; and a bonus on pensions in payment in respect of post April 2006 service so that the pension increase was 2.7% (where usually it would be calculated based on inflation up to 2.5%). This followed improvements in the funding position over 2024. There is no requirement for deficit payments at the current time.

The next valuation is due as at 31 December 2025.

For the Pension Builder 2014 section, the valuation revealed a surplus of £8.5m on the ongoing assumptions used. There is no requirement for deficit payments at the current time.

The legal structure of the scheme is such that if another employer fails, Crosslinks could become responsible All current and future lay UK staff and Mission Partners are invited to join this scheme. Contributions are calculated at 20% of National Minimum Stipend for Mission Partners and 20% of salary for UK staff.

At 31 December 2024 Crosslinks had 67 (2023: 68) active members of the CEPB Pension Builder Scheme.

Crosslinks participates in this scheme by virtue of its membership of the Partnership for World Mission (PWM), a network of historical Church of England Mission Agencies.

Under the terms of the PWM agreement, there is a statutory requirement under the Pension Measure 1997 that the Church Commissioners are required to meet the pension costs of clergy employed by Church of England members of PWM.

At 31[st] December 2024 there were 14 (2023: 14) Active Crosslinks clergy who benefited from this provision at no cost to Crosslinks.

c. Crosslinks Unfunded Pension Scheme (Closed)

Crosslinks has made pension payments of £ 55,150 (2023: £ 60,004) to former UK staff and mission partners which are not funded by the arrangements with The Church of England Pension Board. As at 31 December 2024 the £ 490,000 (2023: £ 555,000) and this has been provided in full. The overall liability decreased by £ 65,000 in the year (2023: decreased £ 6,000).

The main assumptions used in the valuation of this liability are the discount rate applied and the annual increase in the CPI. The discount rate was estimated at 5.4% (2023: 4.5%) for the year. The annual increase in the CPI has been estimated at 3.1% per annum for 2024 and 3.1% thereafter.


Provision for pensions at 1 January
Payment in the year
(Decrease)/increase in provision for the year
 2024

£

555,000
(55,150)
(9,850)
490,000
 2023
£
561,000
(60,004)
54,004
555,000

This nded pension payments for the 27 current pensioners in payment. The provision relates to the potential liability to members and former members of the BCMS 1972 Retirement Pension Scheme, including those who also joined the Scottish Amicable scheme in 1983. Within these numbers, adjustments have been made for 14 pensioners who have waived these pensions from Crosslinks for the benefit of Crosslinks. We are incredibly grateful to these individuals for their support of the Society in this way.

23

CROSSLINKS Company No.: 00193144 Notes to the financial statements for the year ended 31 December 2024 (continued)

There is also 1 further individual identified as a prospective unfunded pensioner and provision has been made for their potential future pension liability.

d. Crosslinks CWPF lay UK Staff and Mission Partners Defined benefit Scheme

Crosslinks participates in the Defined Benefits Scheme section of CWPF for lay staff, which is now closed to future accrual. The Scheme is administered by the Church of England Pensions Board, which holds the assets of the scheme separately from those of the Employer and the other participating employers.

CWPF has two sections:

  1. the Defined Benefits Scheme

  2. the Pension Builder Scheme, which has two subsections;

  3. a. a deferred annuity section known as Pension Builder Classic, and

  4. b. a cash balance section known as Pension Builder 2014.

Defined Benefits Scheme

based on final pensionable salaries.

For funding purposes, DBS is divided into sub-pools in respect of each participating employer as well as a further sub-pool, known as the Life Risk Pool. The Life Risk Pool exists to share certain risks between employers, including those relating to mortality and post-retirement investment returns.

The division of the DBS into sub-pools is notional and is for the purpose of calculating ongoing contributions. This does not alter the fact that the assets of the DBS are held as a single trust fund out of which all the benefits are to be provided. From time to time, a notional premium is transferred from emplo -pools to the Life Risk Pool and all pensions and death benefits are paid from the Life Risk Pool.

The scheme is a multi-employer scheme as described in Section 28 of FRS 102. It is not possible to attribute DBS assets and liabilities to specific employers, since each employer, through the Life Risk Section, is exposed to actuarial risks associated with the current and former employees of other entities participating in DBS. This means that contributions are accounted for as if DBS were a defined contribution scheme.

If, following an actuarial valuation of the Life Risk Pool, there is a surplus or deficit in the pool, further transfers -pools, or vice versa. The amounts to be transferred (and their allocation between the sub-pools) will be settled by the Church of England Pensions Board having taken advice from the Actuary.

A valuation of DBS is carried out once every three years. At the most recent valuation at 31 December 2022 there was a surplus of £73.6m.

The next actuarial valuation is due at 31 December 2025.

Since 31 December 2023, the Board has entered into a full buy-in agreement with Aviva to insure all accrued benefits within the DBS of the CWPF.

The Church of England Pensions Board agreed that deficit contributions should cease with effect from 31 December 2022 for employers whose pools were estimated to be materially in surplus. As a result, there is no s financial statements as at 31 December 2023 or 31 December 2024.

The movement in the provision is set out below.

24

CROSSLINKS Company No.: 00193144 Notes to the financial statements for the year ended 31 December 2024 (continued)

Lay UK Staff. The pensions costs charged to the SoFA in the year contributions are payable towards benefits and expenses accrued in that year (2024: £ Nil, 2023: £ Nil), plus any impact of deficit contributions, giving a total charge of £ Nil for 2024 (2023: £ Nil).

Balance sheet liability at 1 January
Deficit contribution paid
Interest cost (recognised in SoFA)
Remaining change to the balance sheet liability*(recognised in SoFA)
Balance sheet liability at 31 December		 2024
£
-
-
-
-
-		 2023
£
-
-
-
-
-

Where relevant this liability represents the present value of the deficit contributions agreed as at the accounting date and has been valued using the following assumptions, set by reference to the duration of the deficit recovery payments:

December 2024 December 2023 December 2022
Discount rate. N/A N/A 0.00%

Lay Mission Staff. The pensions costs charged to the SoFA in the year contributions are payable towards benefits and expenses accrued in that year (2024: £ Nil, 2023: £ Nil), plus any impact of deficit contributions, giving a total charge of £ Nil for 2024 (2023: £ Nil).


Balance sheet liability at 1 January
Deficit contribution paid
Interest cost (recognised in SoFA)
Remaining change to the balance sheet liability*(recognised in SoFA)
Balance sheet liability at 31 December		 2024
£
-
-
-
-
-		 2023
£
-
-
-
-
-

Where relevant this liability represents the present value of the deficit contributions agreed as at the accounting date and has been valued using the following assumptions, set by reference to the duration of the deficit recovery payments:

December 2024 December 2023 December 2022
Discount rate. N/A N/A 0.00%

At 31[st] December 2024 there were 29 (2023: 31) lay UK Staff and Mission Staff pensioners and 95 (2023:100) deferred pension members in the Fund.



C of E pension Liability at 1 January
Payment in the year
(Decrease)/increase in Liability at Triennial Valuation
 2024

£

-
-
-
-		 2023
£
-
-
-
-

25

CROSSLINKS Company No.: 00193144 Notes to the financial statements for the year ended 31 December 2024 (continued)

14 Restricted funds

estricted funds
Mission Associate
Partner Mission
Karamoja Projects Partners Total
£ £ £ £
Funds at 1 January 2024 60,612 160,493 177,645 398,750
Income 793 83,040 350,598 434,431
Expenditure (20,620) (100,831) (375,669) (497,120)
Gain on investment 7,413 - - 7,413
Transfers between funds - (5,457) 68,988 63,531
Balance as at 31 December 2024 48,198 137,245 221,562 407,005

The Karamoja fund represents donations received to fund lump sum payments to Ugandan pastors on retirement within the two Karamoja dioceses. Mission Partner Project funds comprise some 16 (2023: 16) individual funds. These funds represent appeals made by Crosslinks for specific projects controlled by the Mission Partner for specific restricted purposes. Associate Mission Partners funds are funds for which Crosslinks acted in a trustee capacity. A number of AMP funds were closed in 2023 and their balances were transferred out. One MP funds over spent, and funds were transferred in to cover this overspend.

15 Unrestricted funds

nrestricted funds
2024
 2023
£ £
Funds at 1 January 3,360,200 3,263,465
Income 3,350,112 3,198,980
Expenditure (3,388,362) (3,335,135)
Gain on investments 25,504 18,538
Revaluation of Property (167,600) 127,151
Usable Pension Surplus - 127,000
Revaluation in unfunded pension liability 9,850 (54,004)
Transfer between funds (63,531) 14,205
Funds at 31 December 3,126,173 3,360,200

16 Allocation of net assets between funds

llocation of net assets between funds
Restricted
Unrestricted
£
£
Tangible fixed assets
-
2,930,805
Investments
48,198
418,000
Net current assets
358,807
267,368
Unfunded Pension Provision
-
(490,000)
Usable surplus for C of E Scheme
-
-
Total funds at 31 December 2024
407,005
3,126,173		 2024
Total
£
2,930,805
466,198
626,175
(490,000)
-
3,533,178		 2023
Total
£
3,100,492
427,698
658,760
(555,000)
127,000
3,758,950

26

CROSSLINKS Company No.: 00193144 Notes to the financial statements for the year ended 31 December 2024 (continued)

17 Other Financial Commitments

her Financial Commitments
2024 2023
£
 £
Operating leases
Expires within 1 year 185 370

18 Related Party Transactions

Eight members (2023: 7 members) of the Trustees and senior staff were a Trustee of a Church and/or organisation who made donations of £ 74,452 (2023: £ 41,632) to Crosslinks during the year.

A total of £ 432 (2023: £ 446) was reimbursed in 2024 to trustees to cover out of pocket expenses, mainly travelling to trustee meetings.

A total of £ 10,537 (2023: £ 15,398) was donated to the charity by Trustees and senior management team.

No trustees received any remuneration or other benefits relating to employment in the period from Crosslinks.

19 Statement of cash flows reconciliation



Net expenditure before other recognised gains and transfers
Investment (gains)
Investment income
Depreciation including write back
(Increase)/Decrease in debtors
(Decrease)/increase in creditors
Pension payment for CofE scheme
Pension payment for unfunded liability
Net cash (outflow)/inflow from operating activities
ovement in Cash


At 1 January

Movement

At 31 December		 2024

£

(68,022)
(32,917)
(13,316)
(114,255)
4,060
(9,710)
(701,335)
127,000
(55,150)
(749,390)
2024

£

1,195,782
(743,630)
452,152		 2023
£
(126,570)
(24,411)
(11,695)
(162,676)
(63,140)
580,844
672,916
-
(60,004)
967,940
2023
£
228,694
967,088
1,195,782

20 Movement in Cash

27

CROSSLINKS Company No.: 00193144 Notes to the financial statements for the year ended 31 December 2024 (continued)

21 The Bartlett Trust

In the year to 31[st] and charity No 249986 (and transferred to Crosslinks in 2015), set up The Bartlett Trust to provide funds for capital expenditure for the benefit of Trinity College (Bristol Limited) a company limited by Guarantee No. 1056656 Assets acquired from the Trust funds are considered to be property of the Trust, Trinity College (Bristol) Ltd receiving free and beneficial use of those assets. Accordingly, the assets are not reflected in the Accounts of Crosslinks.

Since 1990 certain property assets have been sold and net proceeds from the sales have been applied to the development of the College site. Such funds continue to be held under the terms of the Bartlett Trust Deed. In December 2024, the remaining property 24 Little Stoke Rd was sold. The Trust incurred or committed to expenditure of £ 2,724,979 (2023: £ 2,724,979) on the development of Stoke House, a college property, as follows:

Original Development
1990
Sale Proceeds
15 Lime Close, Brentry (2002)
Sale Proceeds
105 Knole Lane, Bentry (2013)
Sale Proceeds
81 Pine Road, Brentry (2014)
Sale Proceeds
12 Fern Close, Brentry (2015)
Sale Proceeds
24 Little Stoke Road, Brentry (2023)		 £
1,195,912
99,950
138,500
160,617
180,000
950,000
2,724,979

Acknowledgements

The mission work of Crosslinks is based on cooperation and partnerships with our many Churches, Members, Individuals and Trusts. We would like to thank those who have been in gospel partnership with us throughout 2018.

Churches

We would like to thank the various partner churches who continue to support Crosslinks, through their support for a Mission Partner or a particular Means of Mission. We would also like to thank those churches who contribute towards the central support costs of the society.

Members

Crosslinks would like to thank its membership for their continuing support both spiritually and financially. Without this membership the mission society would not survive so we are grateful to them.

Legacies

We continue to give thanks to the Lord for providing for Crosslinks in this way. We are incredibly grateful to all those who have chosen to leave legacies to Crosslinks in the last year.

Trusts

We would like to thank the Trusts who have given so generously to Crosslinks.

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