| CROSSWAY URC DETAILS AS AT31"DECEMBER2020 | CROSSWAY URC DETAILS AS AT31"DECEMBER2020 | |
|---|---|---|
| INDEPENDENT EXAMINER'S REPORT | ||
| 1. | STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INVESTMENTS | 3 |
| 2. | BALANCE SHEET | |
| 3. | STATEMENTOFFINANCIALACTIVITIESEXCLUDINGINVESTMENTS | 5 |
| NOTES TO THE ACCOUNTS | ||
| 4. | INCOMING RESOURCES (1—5) | |
| S. | OUTGOING RESOURCES (6—12) | 7-8 |
| 6. | CROSSWAY SYNOD ACCOUNT (15—17) |
| Incoming Resources Offertory Donations |
1 | E 6,658.01 |
E | |
|---|---|---|---|---|
| Annual Manse Grant Letting Turn the tide Synod |
2 3 |
1,026.00 96,099.75 |
||
| Other Income resources Investment income (Synod) Interest Income |
4 5 |
5,361.23 6,803.03 196.53 |
||
| VWV re - Great Dover Street Furlough receipts Total Incoming Resources |
1,446.57 1,897.60 |
119,488.72 | ||
| Outgoing Resources |
||||
| Ministry & Mission Outreach |
29,769.60 | |||
| Crossway Praise/Resources Robes Project |
6 | 8,299.58 | ||
| Light & Heat Donations |
7 8 |
17,641.88 843.00 |
||
| Ad mi nistrati on | 9 | 29,019.97 | ||
| Girls Bridage | ||||
| Professional Fees Repairs & Maintenance |
10 11 |
5,448.82 35,477.06 |
||
| URC Synod | ||||
| Other Expesnses (3 Bali) Salaries Total Resources Expended Net Incoming (Outgoing) Movement in Funds |
Resources | 12 | 7,254.86 25,407.77 |
159,162.54 39,673.82 |
| Bal B/Fwd at 31st December 2019 Bal C/Fwd at 31st December 2020 |
13 14 |
51,473.05 11,799.23 |
| 2020 | 2020 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| E | ||||||||||
| FIXED ASSETS | 15 | |||||||||
| Fixed Investments | (General | Fund) | 203,230.39 | |||||||
| 203,230.39 | ||||||||||
| Investment Total Fixed |
property Assets |
Fund | 189,642.68 392,873.07 |
|||||||
| CURRENT ASSETS | ||||||||||
| Cash at Bank (Page | 5 | ) | 14 | 11,694.55 | ||||||
| Compensation | Fund | (URC Trust) | 31,720.01 | |||||||
| NET ASSETS | 43,414.56 | |||||||||
| 436,287.63 | ||||||||||
| Represented | by: | |||||||||
| Epworth New |
Sterling | Sovereign | Bond Fund | 16,574.63 | ||||||
| Epworth New |
Corporate | Bond | Fund | 22,610.96 | ||||||
| Epworth New |
UK Equity | Fund | 147,239.49 | |||||||
| Epworth New |
Global | Equity | Fund | 16,805.31 | 203,230.39 | |||||
| Property Funds |
16 | 189,642.68 | ||||||||
| Unrestricted | Funds | 17 | 43,414.56 | |||||||
| TOTAL NET | ASSETS | 436,287.63 |
| NOTES TO THE ACCOUNTS F Accounting Policies |
NOTES TO THE ACCOUNTS F Accounting Policies |
NOTES TO THE ACCOUNTS F Accounting Policies |
OR THE YEAR ENDED 31STDecem | OR THE YEAR ENDED 31STDecem | ber |
|---|---|---|---|---|---|
| These accounts have been prepared | on basis of Historic Cost and Investment | are | |||
| shown at Market Value | in accordance | with the Statement of Financial Activities |
|||
| wnich means that | actual costs are used and | no adjustments made for changes |
in | ||
| the value of money. | |||||
| 1 Incoming Resources |
E | ||||
| Offertory | |||||
| Loose | 376.83 | ||||
| Envelope | 3,989.00 | ||||
| Tax Recovered | 2,292.18 | ||||
| Total | 6,658.01 | ||||
| 2 | |||||
| Donations | |||||
| 3 | |||||
| Letting | |||||
| Crossway Letting |
12,895.00 | ||||
| Piigrim | 54,053.43 | ||||
| Garland Court |
9,651.32 | ||||
| The Printworks | 19,500.00 | ||||
| Total | 96,099.75 | ||||
| 4 | |||||
| Other Income resources | |||||
| Tl".e URC Synod | 4,350.00 | ||||
| Baxter Hoare Travel | (Ins.) | 750.68 | |||
| Baxter Hoare Travel | 192.00 | ||||
| Insurance | 29.28 | ||||
| AcminTransfer | 39.27 | ||||
| Sub-Tota I |
5,361.23 | ||||
| Unpresented Cheques |
2,602.42 | ||||
| Total | 7,963.65 | ||||
| 6 Outgoing |
Resources | ||||
| Worship Expenses | |||||
| Crossway Praise |
8,252.63 | ||||
| Resources | 46.95 | ||||
| Total | 8,299.58 | ||||
| 8 | |||||
| Light 8 Heat | |||||
| E.on | 9,402.59 | ||||
| British Gas (Utility) | 278.74 | ||||
| CNG Power | 7,960.55 | ||||
| Total | 17,641.88 | ||||
| 9 | |||||
| Donations | |||||
| Compassion UK |
600.00 | ||||
| Donations(Lambeth | Rent/Council | T | 243.00 | ||
| Total | 843.00 |
| 10 Administration | ||||
|---|---|---|---|---|
| Admin | 16,193.61 | |||
| Training and Books |
89,53 | |||
| Travel | 83.60 | |||
| Telephone (Aerial Direct and BT) |
1,735.11 | |||
| Cleaning | 989.17 | |||
| Insurance Water |
5,728.60 1,015.78 |
|||
| Manse Council tax | 3,105.38 | |||
| Hospitality | 79.19 | |||
| Total | 29,019.97 | |||
| 11Professional Fees |
||||
| Veale Wasborough Vizards (Legal) |
1,350.00 | |||
| Gordon 8i Co (i2roperty Xstar Management/Audit |
managemen | 3,598.82 500.00 |
||
| Total Professional Fees |
5,448.82 | |||
| 25th November 2020 - 25th |
November | 2021 | ||
| Edwards Insurance | Brokers | |||
| Crossway United Reformed |
Chui | |||
| (1)Crossway Christian (2) Great Dover Street Total Access Insurance |
Centre | 3,089.77 1,873.96 4,963.73 |
||
| Manse Insurance | 764.87 | |||
| Total Amount Paid |
5,728.60 | |||
| Telephone (Aerial Direct and BT) |
||||
| Aerial Direct (Xway Office) |
1137.98 | |||
| BTGroup (Manse) | 597.13 | |||
| Total Amount Paid |
1735.11 | |||
| Water | ||||
| Castle Water (Water church) | 633.34 | |||
| Thames Water (Manse) |
382.44 | |||
| Total Amount Paid |
1015.78 | |||
| Manse Council tax | ||||
| 16Sutherland Square |
740.00 | |||
| 73 Mina Road 73 Mina Road(144.88, 144x8) Total Amount Paid |
1,068.50 1,296.88 3,105.38 |
| E | |||||||
|---|---|---|---|---|---|---|---|
| Opening Balance Crossway URC Investiment Income Bank Interest |
(5) | 24,000.00 6,803.03 196.53 |
29,012.91 | ||||
| VWV re - Great Dover Street Tot:al Salaries |
1,446.57 25,407.77 |
32,446.13 61,459.04 |
|||||
| Less: Furlough | 1,897.60 | 23,510.17 | |||||
| Rev 3 Bali | 7,254.86 | 37,948.87 | |||||
| Manse Grant Balance C/Fwd 2020 |
1,026.00 | 6,228.86 31,720.01 |
|||||
| Salaries | |||||||
| Administrator | 18,866.31 | ||||||
| Cleaner Total Salaries |
6,541.46 | 25,407.77 | |||||
| Fixed Assets | |||||||
| Investment Fixed Assets |
End | ofyear 2019 | 198,360.09 | ||||
| Investment Assets Loss 2020 Irrvestment Fixed Assets End |
ofyear 2020 | 8,717.41 189,642.68 |
|||||
| 16 | Property Fund Investment |
2020 | |||||
| Epworth New Sterling Sovereign |
Bond Fund | 18,740.42 | |||||
| Epworth New Corporate |
Bond | Fund | 31,732.51 | ||||
| Epworth New UK Equity |
Fund | 124,913.04 | |||||
| Epworth New Global Equity |
Fund | 14,256.71 | |||||
| Property Fund Balance |
189,642.6$ | ||||||
| Current Assets | |||||||
| Crossway Unrestricted Funds |
(Page 5) | 14 | 11,694.55 | ||||
| 17 | Compensation Fund Cash Unrestricted Funds |
(URC Trust) | 31,720.01 43,414.56 |