Charity number: 1165058 ## CROSSWORLD CHURCH UK Report of the Trustees and Unaudited Financial Statements For the year ended 31 March 2021 Doc ID: 73e00bfcb644ee8d34bff46673a4bc3643eeac76 CROSSWORLD CHURCH UK Contents Page For the year ended 31 March 2021 |Report of the Trustees|1 to 2| |---|---| |Independent Examiner's Report to the Trustees|3| |Statement of Financial Activities|4| |Statement of Financial Position|5| |Notes to the Financial Statements|6 to 10| |Detailed Statement of Financial Activities|11| Doc ID: 73e00bfcb644ee8d34bff46673a4bc3643eeac76 ## CROSSWORLD CHURCH UK Report of the Trustees ## For the year ended 31 March 2021 The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ended 31 March 2021. The Trustees have adopted the provisions of 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 the Republic of Ireland (FRS 102) (effective 1 January 2019). ## **OBJECTIVES AND ACTIVITIES** The Charity's Objectives which are for the benefit of the public are:- - 1) The advancement of the Christian religion; - 2) To promote the work of the Church within the community and assisting those in need - 3) The furtherance of the charitable work of the Charity by the advancement of such other charitable purposes as the Trustees shall from time to time decide. ## **Statement on public benefit** The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'. ## **Volunteers** Crossworld Church UK has many volunteers that assist the Church in achieving its objectives. ## **ACHIEVEMENTS AND PERFORMANCE** During the year the Charity has been compliant in the execution of its public benefit responsibilities by supporting other Churches in the UK as places where people are free to enter for spiritual worship and engage in a number of social functions. In the planning of activities for the year, and having given due consideration to the Charity Commission's guidance on public benefit, and the specific guidance on charities for the advancement of religion in particular, the Charity has been committed in its efforts of supporting the of Church in general and in providing training for its Pastor, Ministers and Leaders in Ministry to be able to spread the Gospel more effectively and improving its service to the wider community. ## **FINANCIAL REVIEW** The charity reported a total income of £78,977 and a net surplus of £36,009 in the year to 31 March 2021, accumulated funds were £117,987, all of which were unrestricted funds. The Trustees continue to place emphasis on financial management to ensure that the funds within the organisation are properly managed. ## **Reserves** The Trustees aim to retain sufficient free reserves at a level which equate to a minimum of three months of unrestricted expenditure. These reserves are held in case of any sudden decline in income and to ensure that the Church can meet it's commitments to providing services and activities. Specifically, these commitments include it's contractual obligations in relation to the continuous support and outreach work. ## **Going concern** At the time of approving the accounts, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus, the Trustees' continue to adopt the going concern basis of accounting in preparing the accounts. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** Crossworld Church UK is a Charitable Incorporated Organisation (CIO) registered on the 6th of January 2016 and governed according to the CIO - Association constitution dated 6th January 2016. It's charity registration number is 1165058. ## **Recruitment and appointment of trustees** Trustees are appointed by the leaders of the Church based on their character, experience, and suitability to serve the Charity's best interests. New trustees are made aware of the legal responsibilities they take on. ## **REFERENCE AND ADMINISTRATIVE INFORMATION** **Name of Charity** CROSSWORLD CHURCH UK **Charity registration number** 1165058 **Principal address** 33 ATTLEE DRIVE DARTFORD DA1 5DN 1 of 11 Doc ID: 73e00bfcb644ee8d34bff46673a4bc3643eeac76 CROSSWORLD CHURCH UK Report of the Trustees Continued For the year ended 31 March 2021 ## **Trustees** The trustees and officers serving during the year and since the year end were as follows: ## **Independent examiners** Mr Marville Linzaga Mrs Teresita Ricafort Mr Victor Tiongan Jr. Mr Michael Garie Ramos Mr Charles Pis-O Mrs Grace Donohue Tolu Obisesan New Bond Accountants 4a - 6a Hythe Street Dartford DA1 1BX Approved by the Board of Trustees and signed on its behalf by ............................................................................. 20 December 2021 Mrs Teresita Ricafort 2 of 11 Doc ID: 73e00bfcb644ee8d34bff46673a4bc3643eeac76 CROSSWORLD CHURCH UK Independent Examiners Report to the Trustees For the year ended 31 March 2021 I report to the trustees on my examination of the accounts of the charity for the year ended 31 March 2021. ## **Responsibilities and basis of report** As the charity trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act'). I report in respect of my examination of the charity’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 examiners statement** I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination. 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. Tolu Obisesan New Bond Accountants 4a - 6a Hythe Street Dartford DA1 1BX 20 December 2021 3 of 11 Doc ID: 73e00bfcb644ee8d34bff46673a4bc3643eeac76 ## CROSSWORLD CHURCH UK Statement of Financial Activities For the year ended 31 March 2021 |**Notes**
**Income and endowments from:**
Donations and legacies
2
Other income
3
**Total**
**Expenditure on:**
Charitable activities
4/5
**Total**
**Net income/expenditure**
**Reconciliation of funds**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**£**
78,027
-
**78,027**
)
(42,018
**)**
**(42,018**
**36,009**
81,978
**117,987**|**Restricted**
**funds**
**£**
950
-
**950**
)
(950
**)**
**(950**
**-**
-
**-**|**2021**
**£**
78,977
-
**78,977**
)
(42,968
**)**
**(42,968**
**36,009**
81,978
**117,987**|**2020**
**£**
103,062
71
**103,133**
)
(55,822
**)**
**(55,822**
**47,311**
34,667
**81,978**| |---|---|---|---|---| 4 of 11 Doc ID: 73e00bfcb644ee8d34bff46673a4bc3643eeac76 ## CROSSWORLD CHURCH UK Statement of Financial Position As at 31 March 2021 |**Notes**
**Current assets**
Cash at bank and in hand
**Creditors: amounts falling due within one year**
10
**Net current assets**
**Total assets less current liabilities**
**Net assets**
**The funds of the charity**
Unrestricted income funds
11
**Total funds**|**£**
**2021**
119,376
**119,376**
)
(1,389
**117,987**
**117,987**
**117,987**
117,987
**117,987**|**£**
**2020**
83,178
**83,178**
)
(1,200
**81,978**
**81,978**
**81,978**
81,978
**81,978**| |---|---|---| The financial statements were approved and authorised for issue by the Board and signed on its behalf by: Mrs Teresita Ricafort Trustee 20 December 2021 5 of 11 Doc ID: 73e00bfcb644ee8d34bff46673a4bc3643eeac76 CROSSWORLD CHURCH UK Notes to the Financial Statements For the year ended 31 March 2021 ## **1. Accounting Policies** ## **Basis of accounting** The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)’, Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Charities Act 2011. CROSSWORLD CHURCH UK meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s). ## **Going concern** At the time of approving the accounts, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus, the Trustees' continue to adopt the going concern basis of accounting in preparing the accounts. ## **Statement of cash flows** The Trustees have taken advantage of the exemption in SORP FRS 102 from including a cash flow statement in the financial statements on the grounds that the charity is small. ## **Funds** Fund is mainly through voluntary donations of tithes and offerings by the church members and the government gift aid scheme. ## **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. ## **Resources expended** Liabilities are recognised as resources expended when there is a legal or constructive obligation committing the Charity to the expenditure. ## **Charitable activites** Charitable activities are those costs relating to activities carried out to meet the objectives of the charity and include directly attributed costs as well as support costs. ## **Allocation and appointment of costs** Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. ## **Taxation** The charity is exempt from corporation tax on its charitable activities. ## **2. Income from donations and legacies** |Donations received
Grants received|**Unrestricted**
**funds**
**£**
64,425
13,602
**78,027**|**Restricted**
**funds**
**£**
950
-
**950**|**2021**
**£**
65,375
13,602
**78,977**|**2020**
**£**
103,062
-
**103,062**| |---|---|---|---|---| 6 of 11 Doc ID: 73e00bfcb644ee8d34bff46673a4bc3643eeac76 CROSSWORLD CHURCH UK Notes to the Financial Statements Continued For the year ended 31 March 2021 ## **Analysis of grants received** |HMRC|**2021**
**£**
13,602
**13,602**|-
**-**| |---|---|---| During the period the charity benefited from £13,602 of government grants in the form of the Coronavirus Job Retention Scheme. In accordance with our accounting policy this credit is included in donations and legacies - grants receivable within the Statement of Financial Activities over the same period as the staff costs it compensates. ## **3. Other income** |Other income|**2021**
**£**
-
**-**|**2020**
**£**
71
**71**| |---|---|---| ## **4. Costs of charitable activities by fund type** |Charitable Activities
Support costs
**Costs of charitable activities by activity type**
**Support costs**
Charitable Activities|**Unrestricted**
**funds**
**£**
20,848
21,170
**42,018**
**Activities**
**undertaken**
**directly**
**£**
21,798|**Restricted**
**funds**
**£**
950
-
**950**
**Support**
**costs**
**£**
21,170|**2021**
**£**
21,798
21,170
**42,968**
**2021**
**£**
42,968|**2020**
**£**
30,885
24,937
**55,822**
**2020**
**£**
55,822| |---|---|---|---|---| ## **5. Costs of charitable activities by activity type** ## **6. Analysis of support costs** |**Charitable Activities**
Support
Governance costs|**2021**
**£**
18,017
3,153
**21,170**|**2020**
**£**
21,116
3,821
**24,937**| |---|---|---| 7 of 11 Doc ID: 73e00bfcb644ee8d34bff46673a4bc3643eeac76 CROSSWORLD CHURCH UK Notes to the Financial Statements Continued For the year ended 31 March 2021 ## **7. Net income/(expenditure) for the year** This is stated after charging/(crediting): |Accountancy fees
Staff pension contributions
**Staff costs and emoluments**
Total staff costs for the year ended 31 March 2021 were:
Salaries and wages
Social security costs
Pension costs
Employee|**2021**
**£**
3,153
941
**2021**
**£**
14,713
935
941
**16,589**
**2021**
1
**1**|**2020**
**£**
3,821
-
**2020**
**£**
14,283
1,881
-
**16,164**
**2020**
1
**1**| |---|---|---| ## **8. Staff costs and emoluments** ## **9. Comparative for the Statement of Financial Activities** The comparative year values on the Statement of Financial Activites are for unrestricted funds. ## **10. Creditors: amounts falling due within one year** |Accruals and deferred income|**2021**
**£**
1,389
**1,389**|**2020**
**£**
1,200
**1,200**| |---|---|---| 8 of 11 Doc ID: 73e00bfcb644ee8d34bff46673a4bc3643eeac76 ## CROSSWORLD CHURCH UK Notes to the Financial Statements Continued For the year ended 31 March 2021 ## **11. Movement in funds** ## **Unrestricted Funds** |_General_
General
**Unrestricted Funds - Previous year**
_General_
General|**Balance at**
**01/04/2020**
**£**
81,978
**81,978**
**Balance at**
**01/04/2019**
**£**
34,667
**34,667**|**Incoming**
**resources**
**£**
78,027
**78,027**
**Incoming**
**resources**
**£**
103,133
**103,133**|**Outgoing**
**resources**
**£**
)
(42,018
**)**
**(42,018**
**Outgoing**
**resources**
**£**
)
(55,822
**)**
**(55,822**|**Balance at**
**31/03/2021**
**£**
117,987
**117,987**
**Balance at**
**31/03/2020**
**£**
81,978
**81,978**| |---|---|---|---|---| ## **Purpose of unrestricted Funds** ## General Unrestricted funds are available for use at the discretion of the Committee in furtherance of their charitable objectives unless the funds have been designated for other purposes. ## **Restricted Funds** |General - R
**Restricted Funds - Previous year**|**Incoming**
**resources**
**£**
950
**950**
**Incoming**
**resources**
**£**
**-**|**Outgoing**
**resources**
**£**
)
(950
**)**
**(950**
**Outgoing**
**resources**
**£**
**-**|**Balance at**
**31/03/2021**
**£**
-
**-**
**Balance at**
**31/03/2020**
**£**
**-**| |---|---|---|---| 9 of 11 Doc ID: 73e00bfcb644ee8d34bff46673a4bc3643eeac76 CROSSWORLD CHURCH UK Notes to the Financial Statements Continued For the year ended 31 March 2021 ## **Purpose of restricted funds** General - R Restricted funds are subject to specific conditions set out by donors as to how those funds may be used. ## **12. Analysis of net assets between funds** |**Unrestricted funds**
_General_
General
**Previous year**
**Unrestricted funds**
_General_
General|**Net current**
**assets /**
**(liabilities)**
**Net Assets**
**£**
**£**
117,987
117,987
**117,987**
**117,987**
**Net current**
**assets /**
**(liabilities)**
**Net Assets**
**£**
**£**
81,978
81,978
**81,978**
**81,978**| |---|---| 10 of 11 Doc ID: 73e00bfcb644ee8d34bff46673a4bc3643eeac76 ## CROSSWORLD CHURCH UK Detailed Statement of Financial Activities For the year ended 31 March 2021 |**INCOME AND ENDOWMENT**
**Donations and legacies**
Tithes & Offerings
Gift Aid
Other Donations
Grants Receivable
**Other income**
Other Income
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Staff Costs - Wages & Salaries
Staff Costs - Social Security Costs
Staff Costs - Pension Contributions
Charitable Donations
Convention & Camp
Missions
Honorarium
Hospitality
Welfare
**SUPPORT COSTS**
**Support**
Insurance
Subscription
Light & Heat
Repairs & Maintenance
Other Costs
Rent & Rates
Professional Fees
Transport Costs
Bank Charges
Media
Service & Processing Charges
**Governance costs**
Accountancy Fees
**Total resources expended**
**Net Income**|**£**
**2021**
50,783
13,642
950
13,602
**78,977**
-
**-**
**78,977**
)
(14,713
)
(935
)
(941
-
-
)
(2,100
)
(675
)
(74
)
(2,360
**)**
**(21,798**
)
(1,319
-
)
(296
-
)
(874
)
(14,063
-
)
(400
)
(25
)
(680
)
(360
**)**
**(18,017**
)
(3,153
**)**
**(3,153**
**)**
**(42,968**
**36,009**|**£**
**2020**
70,583
18,546
13,933
-
**103,062**
71
**71**| |---|---|---| |||**103,133**
)
(14,283
)
(1,881
-
)
(2,600
)
(1,971
)
(3,267
)
(3,934
)
(2,549
)
(400
**)**
**(30,885**
-
)
(354
)
(584
)
(510
)
(150
)
(18,068
)
(1,000
)
(450
-
-
-
**)**
**(21,116**
)
(3,821
**)**
**(3,821**| |||**)**
**(55,822**
**47,311**| 11 of 11 Doc ID: 73e00bfcb644ee8d34bff46673a4bc3643eeac76 This page does not form part of the statutory financial statements