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|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)||
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##
##
|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|
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