CROSSWAY UNITED REFORMED CHURCH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2021 The trustees of the charty present their report with the financial statements of the charity for the year ended 31 St December 2021. The trustees have adopted the provisions of the Statement of Recommended Practi￿ (SORP) Accounting and Reporting by Charities. issued in March 2005. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity Number 1169091 Registered Office Crossway Christian Centre 18 Hampton Street London SE16SN Charity Trustees Rev Andrew Willet Rachel St Clair Eric Gyamfi Edwin Jarrin (Chairman) Trustee Trustee Trustee STRUCTURE, GOVER￿'ANCE AND MthAGEMENT Governlng document The charity is controlled by its governing documenL the Conslitution and constitutcs a charity, as defIned by the Charities Act 2011. Membership of trnstee board. The Irustecs of thc charity are also voluntary trustccs for the pu￿OseS of charity law and under the charFty's c.onstitution are known as members of the Trustees Board. Induetion and traiiiTn2 of trustees All trnsteos are tarniliar with the practical work of the church and have undertaken trainiT]g to support their role. Organisational structure The Trnstee Board mects quarterly and a quarterly branch feedback report is given at each meeting. The B1￿ch Pastor has the reswnsibility for the day to day operational management of the church supw)rted by the Assistant Pastor clected by the branch. Risk management The Trustees have a duty to idcntifj, and reVI￿V the risks to ivhich the charity is cxposcd and to cnsur¢ appropriate contro15 are in placc to provide reasonablc assurance against fTrud and error. Tnternal control risks dre miniTnised by the implemcntstion of procedutes for authori8ation of all transactions 2nd projects. Procedures and risk assessments al'e in place to ensure compliance with Ilealth and Safely of volunteers; membets; children. alld visitors to the church. OBJECTIVES AND AcrIvrTIES Thc chartty's objccts and its" principal activity w¢rc." To advance the c.hristian faith in accordance wÉth slatemcnt of beliefs appearin(r in the .sch¢dulcd hereto in London and in such other parts of th¢ Unitcd Kingdom or thc ivorl(L b. To relieve persons who are in condilions of ueed or hardship, are elderly or 8ick, to train PastQT5 and to rclicvc the distrc5s causcd thereby in London and such other parts of the United Kingdom or the world. To promote and fi]1fi1 such other charitable Purposes beneficial to the community in London and in such other p8rt5 of thu United Kingdom or thc world. AC VEM NTS FO TH YEAR: In accordan￿ with the charities objectives we have sought to 'advance the Christian faith, in a number of ways: Since retuming after the pandemic restrictions we have held Christian services each Sunday for any who want to come We have held weekly bible studies either in person or on zoom for anyone to come and further their faith We have met for prayer Pastoral care has been offered to Ihose in ned The church has been available for baptisms, weddings and funerals In accordan￿ with the objective of helping others we have done this in a number of ways: We have given money to some who have come in n￿d We have made welcome those in distress Our church building gives a pla￿ to meet to organisations that seek to help others and be beneficial to the community around the church. Conclusion During this past year we have carried OLrt events in accordance with the chartties objectives FINANCIAL REVIEW Financial Perforniance: The results of the year showed a surplus of £3,451.77 as depicted in the statement of financial activities and the notes therein. The bulk of the income forthe year is generated from rental income. Reserves policy The trustees review the reserves of the charrty annually and acknowledged that the level offunding atpresent is appropriate sufficient. It is the trUSt￿s. policy to generally maintain reserves at a low level and to apply donation re￿Ipts to funding its activiti'es. In light of the income generated, the trustees consider the balan￿ of the unrestricted funds to be satisfactory in meeting the church obligations should potential liabilrties arise. Principal funding sources At present the majorty of the church's funding continues to come from the rental inc¢Jme from the church propety and personal donations from member5 of the church and the general public. FUTUREDEVELOPMENTS: We are seeking a new minister who can give the time needed to further the work of the charity and to this end we are producing a 'church profile.. We aim to develop the youth and children's activities To develop the church v￿bSrte to further the aims ofthe charity STATEMENT OFTRUSTEES RESPONSIBIUTIES The trustees are responsible for preparing the financial statements in accordance with applicable law and United Kingdom Generally AC￿pted Accounting Prackn. (UK GAAP) Charity law requires the1rust￿S to prepare financial statements foreach financial year. Underthatlawthetrustees haveelectedto prepare thefinancial statements in accordants with the United Kingdom Generally A￿pted Accounting Practice (United Kingdom Accounting Standards and applicable law). The financial statements are required by law to give a true and fair view of the state of affairs of the charitable company and of the surplus or deficit of the charttable company for that period. In preparing those financial statements, the trustees are required to: Select suitable accounting policies and then apply them consistently. Makejudgements and estimates that are reasonable and prudent. Prepare the financial statements on the going con￿rn basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping proper accounting records which disclose wwth reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Charrties Act 2011. They are also responsib￿ for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. STATEMENT OF DISCLOSURE OF INFORMATION TO INDEPENDENT EXAMINERS So far as the trustees are aware, there is no relevant infomiation of which the charity's independent examiners are unaware, and each trustee has taken all the steps thatthey oughtto havetaken as atrustee in orderto makethem aware of any examination infomation and toestablish thatthe charity's independent examiners are aware of that Info￿nation. INDEPENDENT EXAMINERS The independent examiners. X-slar Management Services Limited, will be proposed for re-appointment at theforthcC￿n1ng Annual General Meeting. ONBEHALF OFTHEBOARD: inister: Chairman Date: 301912022 CROSSWAY UNITED REFORMED CHURCH FINANCIAL STATEMENTS YEAR ENDED 31st DECEMBER 2021 Prepare.d b%" Crosswa!. Uniied Reformed Chureh 18 l1ampton %treet London SEI 651 CONTENrs PAGES CROSSWAY URC DETAILS INDEPENDENT EXAMINER'S REPORT I. STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INVESTMENTS 2. BALANCE SHEET 3. STATEMENT OF FINANCIAL ACTIVITIES EXCLUDING INVESTML ENTS IYOTES TO THE ACCOUNTJ 4. INCOML ING RESOURCES (1- 3) (fv7) 5. OUTGOING RESOURCES {8- 10) 6. CROSSWAY MAiYfENANCE (I I - 11) 7. CROSSWAY SYNOD ACCOUNT 2021 CROSSWAY UNITED REFORMED CHURCH An unincorporated association affiliated to the United Reformed Church. Minister: Revd. Andrew Willett Independent Examiner: X-star Management Service Limited Treasurer: Lillian O'Duntan Administrator: Lydia K Busagwa Bankers: Barclays Bank Crossway United Reformed Church Charity No.1169091 Address: 18 Hampton Street, Elephant & Castle, London SEI 6SN http://www.crosswaychurch.org.uk APFQRDA8it PROFE%%IOPIAL SERVICE QSTAR 53ShMLLE ROAQ ORPINGTON, KEN[, BR5 3AN. UK TEI.. 01689 ￿ 934. itknfftxStJmawJ&m￿t.0jrn INDEPEI4DENT EXAMINER'S REPORT TO THE LEADER5 OF THE CROSSWAY UNITED REFORMED CHURCH. We report on the accounts of the Church for the year ended 31 St December 2021 which comprise Ihe Statement of Financial Activities, the Balance Sheet and related notes. This report is made solely to the Churr* Council rrrustees) in accordan￿ with Section 145 of the Charities Act 2011. Our Work has been undertaken so that we might stste to the charity's leaders those matters we are required to state to them in an Independent Examinerfs report and for no other purpose. To the fullest extent pemiitted by law, we do not accept or assume responsibilrty to anyone other than the Church and the Church'5 leaders for our examination work. Respeclive responsibilities of Trustees and Examiner: The Church's leadership are responsible for Ihe preparation of the accounts. They consider that an audit is not required for this year (under Section 144 of the Charities Act 2011 (the Charities Act)) and that an independent examination is needed. It is our responsibility to: Examine the accounts (under Seclion 145 of the Charities Act): To follow the proCedU￿S laid down in the General Directions gtven by the Charity Commissioner (under Section 145(5)(b) of the Charities Act); and To state whether partI￿lIar matters have come to our attention. Basis of Independent Examinerfs report Our examination was carried out in accordance with the General Directions given by the Charity Commissioner. An exarnination includes a review of the accounting records kept by the Church and a comparison of the accounts presented with those records. It also indudes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees conceming any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as lo whether the accounts present a 'true and fairf view and the report is limited to those matters set out in the ststemenl below. 53 ShlVtLLe KOAD.OBTrINGfoN, KEl￿.BRs3AN , QSTAR 53 SAXIRLE ROAQ ORHNGTON, KENT. 8H53AN. UK T& 01689 833 934. emal.. irfo.(tixstzrrn¥AgemenL¢IXII Independent Examinerfs statement In connection with our examination. no matter has come to our attention: 1. Which gives us reasonable cause to believe thal in any material respect the requirements to keep aco)unting records in ac(x)rdance with Section 130 of the Charities Act" and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charibes Act Have not been met: or 2. To which. in our opinion. attention should be drawn in order to enable a proFEr understanding of the accounts to be reached. EMMANUEL NTIM, MSC. FCCA X-star Management Services Limited 53 Saxville Road Orpington, Kent BR5 3AN Dated: 1110712022 53 SAXVIUE ROAD, ORPINGTON. KEFtr.BR5 3AN CROSSWAY UNITED REFORMED CHURCH STATEMENT OF FINANCIAL ACtJVITIES YEAR ENDED 31st DECEMBER 2021 2021 Income Resources Offertory Donations Letting Synod Transfer Other Income resources Synod Investment Income Interest Furlough receipts Total Incoming Resources 3.301.37 91,623.66 20,000.00 9,147.90 8,848.25 1.25 1.680.00 134,602.43 Outgoing Resources Ministry & Mission Outreach Ministers Expenses Light & Heat Donations Administration Professional Fees Girls Bridage Repairs & Maintenance Salaries 30,161.40 3,797.65 16,733.37 985.00 14,645.77 4,551.00 io li 12 45,582.77 26.179.47 Total Resources Expended Net Incoming (Outgoing) Movement in Funds Bal B/Fwd at 31st December 2020 13 Bal C/Fwd at 31st December 2021 14 142.636.43 8,034.00 19,835.80 11.801.80 BALANCE SHEEf AS AT 31ST DECEMBER 2021 2021 2021 FIXED ASSETS (General Fund) FIXED ASSETS Fixed Investments (General Fund) 230,668.97 230,668.97 Investment Property Fund Total Net Fixed Assets 211,972.63 442.641.60 CURRENT ASSETS Cash at Bank (Page 5) Compensation (Trust Fund} NET ASSETS 15 3,451.77 939.86 4,391.63 447,033.23 Presented By: Epworth New Sterling Sovereign Bond Func Epworth New Corporate Bond Fund Epworth New UK Equity Fund Epworth New Global Equity Fund General Fund Property Fund Compensation Fund Unristricted Fund TOTAL NET ASSETS 15.552.94 21,422.73 173,416.89 20.276.41 230,668.97 211,972.63 939.86 3,451.77 447,033.23 CROSSWAY UNITED REFORMED CHURCH STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31st DECEMBER 2021 2021 Income Resources Offertory Donations Letting Synod Transfer other Income resources Synod Investment Income Interest Furlough receipts Total Incoming Resources 3,301.37 91,623.66 20,000.00 9,147.90 8,848.25 1.25 1,680.00 134,602.43 Outgoing Resources Ministry & Mission Outreach Ministers Expenses Light & Heat Donations Administration Professional Fees Girls Bridage Repairs & Maintenan Salaries 30,161.40 3,797.65 16,733.37 985.00 14,645.77 4,551.00 io li 12 45,582.77 26,179.47 Total Resources Expended Net Incoming (Outgoing) Movement in Funds Bal B/Fwd at 31st December 2020 13 Bal C/Fwd at 31st December 2021 14 142,636.43 8,034.00 19,835.80 11,801.80 srATEMENT OF FINANCIAL ACTIVMES YEAR ENDED 31st DECEMBER 2021 2021 Income Resources Offertory Donations Letting Synod Transfer Other Income resources Total Incoming Resources 3,301.37 91,623.66 20,000.00 9,147.90 124,072.93 Outgoing Resources Ministry & Mission Outreach Ministers Expenses Light & Heat Donations Administration Professional Fees Girls Bridage Repairs & Maintenance URC Synod Total Resources Expended Net Incoming (Outgoing) Movement in Funds Bal B/Fwd at 31st December 2020 14 Bal C/Fwd at 31st December 2021 15 30,161.40 3,797.65 16,733.37 985.00 14,645.77 4,551.00 io li 45,582.77 24,000.00 12 140,456.96 16.384.03 19,835.80 3,451.77 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST December 2021 Accounting Policies 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 which means that actual costs are used and no adjustments made for changes in the value of money. I Incoming Resources Offertory Loose Envelope Tax Recovered Total 457.27 1,799.30 1,044.80 3,301.37 2 Letting Crossway Letting Pilgrim Garland Court The Printworks Total 18,359.86 35.763.80 18,000.00 19,500.00 91,623.66 3 Other Income resources MT Refund and Trip contribution URC Synod Grant Manse Repair Refund Repair & Maintenance Refund Total 957.16 2,882.00 3,900.00 1,410.74 9,149.90 Outgoing Resources 6 MKnisters Expenses Praise and Worship Rev Jacob Expenses Rev Jacob and Supervision Total 185.00 268.65 3,344.00 3,797.65 7 Light and Heating E.on Brit15h Gas ￿tIllty) CNG Power 7,510.63 649.04 6.581.26 1,989.74 2.70 Pozitive Energy Welcome Energy Total 16,733.37 8 Donations Compassion UK J Whelan Presentation Donations (Tessy Askia) Staff Gifts Be Enriched Total 600.00 50.00 60.00 loo.00 175.00 985.00 9 Admin Training and Books Travel (Church Trip Bognor) Admin Telephone (Aerial Direct and BT) Cleaning Water Southwark Council tax rates Hospitality Total 144.00 782.11 6,570.35 2,120.52 3,339.16 341.52 1,248.11 loo.00 14.645.77 Telephone Aerial Direct Telephone BT 1871.09 249.43 2120.52 Book5 and Training Assoc of Church Accounting Training Training ACAT 120.00 24.00 144.00 Cleaning Capital Cleanming Co B&C Supplies Sparkle UK Newcro Windows Easy Hygiene 1,876.80 424.08 46.00 940.80 51.48 3,339.16 10 Professional Fees Veale Wasborough Vizards {Legal} Xstar ManagemenVAudit Towns Needlam Total Professional Fees 595.00 500.00 3456.00 4.551.00 11 Repair5 & Maintenance ARC Control Systems Amazon 4,298.60 36.70 Beaver House Service 819.34 50.00 256.64 1.033.82 113.00 B&Q Catering Appliances Cunning Recording Association Electrical work Elite Integrated Services Fanta5ic Services (Liam O'Niel) Faithful Fire Protection Furnis London 2,163.73 63.00 192.00 1,250.00 3,910.62 837.74 Guidline Lift Services PHS Engineers Ltd HGV Plumbing JJP Electrical 164.45 745.94 Lock Smith Ltd 573.48 Pimilco Plumbing Picture frame 1,365.00 150.00 Proton Southern 232.31 Roofers London (Manse) Trim Decorating Tool Station 3,900.00 7,872.60 16.32 SAFE I.S Ltd 540.60 Zero Degrees AC Ltd WFP Fire & Security Ltd Sub-Total Property CrosswaylGreat Dover Total 3,041.50 1,700.45 35,327.84 10,254.93 45,582.77 Crossway Synod AIC 2021 Opening Balance Crossway URC (Page 5) Epworth Investiment Income Epworth Income Bank Interest Total Salaries Less: Furlough Balance C/Fwd 2021 31,720.01 12 24,000.00 7,763.40 1,084.85 1.25 32,849.50 64,569.51 26,179.47 1,680.00 24,499.47 40,070.04 Salaries 12 Administrator Cleaner Total Salaries 18,928.05 7,251.42 26,179.47 2021 2021 General Funds Property Fund Fixed Assets Investment Fixed Assets year 2020 Investment Assets Increase Investment Fixed Assets year 2021 203,230.39 27,438.58 230.668.97 189,642.68 22,329.95 211,972.63 16 Property Fund Investment 2021 Epworth New Sterling Sovereign Bond Fund Epworth New Corporate Bond Fund Epworth New UK Equity Fund Epworth New Global Equity Fund Property Fund Balance 15,552.94 21,422.73 173,416.89 20,276.41 230,668.97 17,585.23 30,064.93 147,121.07 17,201.41 211,972.64 Current Assets Crossway Unrestricted Funds (Page 5) 15 Compensation Fund Cash (URC Trust) Unrestricted Funds 3,451.77 939.86 4,391.63 ## **INDEPENDENT EXAMINER'S REPORT** ## **TO THE LEADERS OF THE CROSSWAY UNITED REFORMED CHURCH.** We report on the accounts of the Church for the year ended 31[st] December 2021 which comprise the Statement of Financial Activities, the Balance Sheet and related notes. This report is made solely to the Church Council (Trustees) in accordance with Section 145 of the Charities Act 2011. Our work has been undertaken so that we might state to the charity’s leaders those matters we are required to state to them in an Independent Examiner’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Church and the Church’s leaders for our examination work. ## **Respective responsibilities of Trustees and Examiner:** The Church’s leadership are responsible for the preparation of the accounts. They consider that an audit is not required for this year (under Section 144 of the Charities Act 2011 (the Charities Act)) and that an independent examination is needed. It is our responsibility to: - Examine the accounts (under Section 145 of the Charities Act); - To follow the procedures laid down in the General Directions given by the Charity Commissioner (under Section 145(5)(b) of the Charities Act); and - To state whether particular matters have come to our attention. ## **Basis of Independent Examiner's report** Our examination was carried out in accordance with the General Directions given by the Charity Commissioner. An examination includes a review of the accounting records kept by the Church and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts 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 no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below. **ACCOUNTANCY TAX PLANNING CORPORATE ADVISORY CORPORATE TRANING** 53 SAXVILLE ROAD, ORPINGTON, KENT, BR5 3AN TEL:+44 (0) 1689833934, Email: info@xstarmanagement.com, Web: www.xstarmanagement.com Registered in England and Wales. Company **Registration No. 08903173** ## **Independent Examiner's statement** In connection with our examination, no matter has come to our attention: 1. Which gives us reasonable cause to believe that in any material respect the requirements - ⚫ to keep accounting records in accordance with Section 130 of the Charities Act; and - ⚫ to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act Have not been met; or 2. To which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. ## **EMMANUEL NTIM, MSc. FCCA** **X-Star Management Services Limited 53 Saxville Road Orpington, Kent BR5 3AN Dated: 11/07/2022** **ACCOUNTANCY TAX PLANNING CORPORATE ADVISORY CORPORATE TRANING** 53 SAXVILLE ROAD, ORPINGTON, KENT, BR5 3AN TEL:+44 (0) 1689833934, Email: info@xstarmanagement.com, Web: www.xstarmanagement.com Registered in England and Wales. Company **Registration No. 08903173**