2023-12-31-accounts - Crossway United Reformed Church Charity

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1.	STATEMENT OF FINANCIAL	ACTIVITIES INCLUDING INVESTMENTS	3
2.	BALANCE SHEET		4
3.	STATEMENT OF FINANCIAL	ACTIVITIES EXCLUDING INVESTMENTS	5
	NOTES TO THE ACCOUNTS
4.	INCOMING RESOURCES (1 -	4)	6
5.	OUTGOING RESOURCES (5 -	11)	5-10
6.	CROSSWAY SYNOD ACCOUNT		11

1.	STATEMENT OF FINANCIAL ACTIVITIES INCLUDINGINVESTMENTS	3
2.	BALANCE SHEET	4
3.	STATEMENT OF FINANCIAL ACTIVITIES EXCLUDING INVESTMENTS	5
	NOTES TO THE ACCOUNTS

4.	INCOMING RESOURCES (1	-	4)	6
5.	OUTGOING RESOURCES (5	-	11)	5-10
6.	CROSSWAY SYNODACCOUNT			11

Outgoing Resources
Ministry & Mission		29,820.00
Ministers Expenses	6	1,527.68
Robes Project		100.00
Light & Heat	7	23,916.56
Foxtons Management Fees		5,050.27
Foxtons Commission		4,429.71
Donations	8	953.55
Administration	9	36,072.07
Professional Fees	10	4,642.40
URC Synod		31,792.00
Repairs & Maintenance	11	112,209.46
Salaries	12	31,252.93
Total Resources Expended			281,766.63
Net Incoming (Outgoing) Resources			22,593.60
Movement in Funds
Bal B/Fwd at 31st December 2022	13		4,387.10
Bal C/Fwd at 31st December 2023	14		18,206.50

FIXED ASSETS
Fixed Investments (General Fund)	15	291,080.68	291,080.68
Total Fixed Assets			291,080.68
CURRENT ASSETS
Cash at Bank (Page 5 )	14	11,777.32
Compensation Fund (URC Trust)		3,155.53	14,932.85
NET ASSETS			306,013.53
Represented by:
Epworth Multi-Asset Fund		13,552.89
Uninvested Cash		27.18
Epworth New UK Equity Fund		255,387.21
Epworth New Global Equity Fund		22,113.40	291,080.68
Unrestricted Funds			14,932.85
TOTAL NET ASSETS	16		306,013.53

CROSSWAY UNITED	CROSSWAY UNITED	REFORMED CHURCH	REFORMED CHURCH
Statement of Financial Activites Year	Ended		31st December 2023
			2023
Incoming Resources
Offertory		1	9,389.27
Tax recovered		2	1,788.87
Donations		3	90.00
Letting		4	137,157.08
Synod Account Transfer		5	90,170.06
Other Income resources			9,828.66
Total Incoming Resources			248,423.94
Outgoing Resources
Ministry& Mission			29,820.00
Praise and Worship		6	1,527.68
Robes Project			100.00
Light & Heat		7	23,916.56
Donations		8	953.55
Administration		9	36,072.07
Professional Fees		10	4,642.40
URC Synod			31,792.00
Repairs & Maintenance		11	112,209.46
Total Resources Expended			241,033.72
Net Incoming (Outgoing) Resources			7,390.22
Movement in Funds
Bal B/Fwd at 31st December 2022		13	4,387.10
Closing Funds at 31st December 2023		14	11,777.32

	Incoming Resources
1	Offertory
	Loose		1,585.27
	Gift Aid Donations		7,804.00
	Total		9,389.27
2	Donations
	The Book Donation		20.00
	Room Donation		70.00
	Total		90.00
3	Letting
	Crossway Letting		36,005.51
	One-Off Hire		12,078.39
	Pilgrim Great Dover Stu
	Commercial Hall
	Flat A		27,725.90
	Flat B		25,183.67
	Garland Court		20,032.71
	The Printworks		16,130.90
	Total		137,157.08
4	Other Income Resources
	VWV (deposit on Commercial	Hall)	8,750.00
	Admin		42.60
	Octopus Energy		556.08
	CDA Cooker Refund		149.00
	Appliances Direct		70.00
	Amway UK Ltd		43.32
	Amazon UK		91.80
	Ironongry		125.86
	Total		9,828.66

	Outgoing Resources
5	Praise and Worship
	Ministers Expenses	152.20
	Organist	1,295.00
	Preacher	80.48
	Total	1,527n68
6	Light and Heating
	Egon	3,277.29
	Pozitive Energy	16,816.54
	SSE Gas	3,822.73
	Total	23,916.56
7	Donations
	Compassion UK	600.00
	Christian Aid	123.55
	Church Ministers	100.00
	Staff Gifts	130.00
	Total	953.55
8	Administration
	Admin	3,476.14
	Telephone (Aerial Direct and BT)	1,363.63
	IT Media	464,06
	Cleaning	2,500.57
	Water	1,396.12
	Southwark Council tax rates	21,220.70
	Hospitality	578.10
	Insurance	6,004.55
	Total	37,003.87
9	Professional Fees
	Veale Wasborough Vizards (Legal)	3,150.60
	Xstar Management/Audit	500.00
	Rendall & Rittner Ltd	60.00
	Action Consultancy	931.80
	Total Professional Fees	4,642.40
IO	Cleaning
	B&C Supplies	1,049.32
	Amway (UK) Ltd	43.32
	Capital Cleaning	80.66
	Easy Hygiene	64.87
	Aldemar Jamafrillo	264.00
	Newcro Windows	998.40
	Total	2,500.57

Administration
Administration expenses	53.63
Toileteries (Amazon)	135.64
Argos	15.98
SundaySchool stationery	209.35
Bismillah Super Store (tea towels)	9.00
CCLI licence	260.05
Church Finance Supplies (Envelopes)	64.94
Eden Commerce (Holy Communion)	70.18
Fasthosts (IT)	8.40
Festive Lights	56.95
Google Workplace (IT)	106.40
Go Cardless (IT)	349.26
Norton subscription	89.99
Church Snacks/Buscuits/Flowers	570.00
Roots - Church Magazines	109.00
TA Euroland Computers	107.99
Soup Bowls	22.65
Stationery (Viking Direct)	558.99
Prime Intelligence (Refund)	210.00
Total		13,583.74

Foxtons	Management Fess	Commission
Commercial Hall Great Dover Street
Flat A 61 Great Dover Street	2,646.46	1,507.86
Flat B 61 Great Dover Street	890.40	1,811.60
Flat 20 Garland Court	960.00	1,110.25
112 The Printworks	553.41
Total Management Fees/Commission	5,050.27	4,429.71

Repairs & Maintenance
ARC Control Systems	2,436.00
Appliances Direct (New Cooker)	1,198.95
All Services	324.00
Aspect Maintenance	541.62
Store	44.00
Bollard Security	180.00
Beaver House Service	750.32
Capital Workwear	19.51
CDA Group cooker repair	149.00
Cornerstone Security	776.40
Cunnings Recordings	610.80
Dormakaba UK Ltd	909.00
Faithful Fire Protection	170.00
Fast Response Group	201.60
Fluid Foundations	2,948.26
Gill Property Maintenance	837.83
Guidline Lift Services	788.95
Greater London Paving	19,059.96
Hydro Cleansing	7,042.70
KDC Food Hygiene	708.00
Ironmongery Direct	125.86
Moorhouse Heating	3,204.00
PHS Engineers Ltd	696.78
Pimilco Plumbing	1,962.00
Proton Southern	374.25
Wickes (Filling knife/Deep Gap Filler)	28.00
SAFE I.S Ltd	1,550.09
WFP Fire & Security Ltd	1,422.80
Zero Degrees AC Ltd	4,511.00
Sub-Total Repair and Maintenance		53,571.68
Total CrosswayURC Property		58,548.38
Total		112,120.06

Flat expenses
Arc Electrical	834.65
Ardernt Property Ltd	372.00
Bright Home Curtains	136.00
Octopus Energy	23.37
Goldsmith Locke Ltd	4,200.00
CJ Spalding Priceless Carpets	1,000.00
A&E Glazing	1,680.00
Excellent Plus window cleaning	120.00
Fantastic Services	1,303.00
Kingsley Interiors	6,720.00
R Wilson GDS Keys	27.00
Gill Property Maintenance	3,590.24
Foxtons	1,549.00
LB Southwark	3,059.19
Leesafe	594.00
JP Electrical	4,251.02
Octopuis Energy	751.82
Rendell & Rittner	4,254.26
Redring	128.40
Trim Renovations	13,732.80
B A Frost	1,960.00
UK Fortress Locksmith	549.60
Lynnes	1,092.35
paint & samples	36.22
G Worrall Locksmith	24.00
247 Home Furnishing lounge blinds	345.36
Southern Housing	1,787.40
Sub-Total		54,121.68
Payments for repair (Foxtons)		4,426.70
Total flat expenses		58,548.38

Opening Balance			43,333.21
Crossway URC		31,792.00
Epworth Investiment Income		9,650.47
Sale of Epworth Investment		90,079.45
Bank Interest		222.61
			131,744.53
Total			175,077.74
Reinvestment of	Bond proceeds	13,369.04
Crossway URC Trasfer		88,170.06
Salaries		31,252.93	132,792.03
Balance C/Fwd	2024		42,285.71
Salaries
Administrator		20,030.24
Cleaner		11,222.69
Total Salaries		31,252.93

	General Funds	General Funds	General Funds
		2023	2022
Fixed Assets
Investment Fixed Assets End of year 2022		172,104.03	230,668.97
Investment Assets Increase/Decrease 2023		118,976.65	58,564.94
Investment Fixed Assets End ofyear 2023	15	291,080.68	172,104.03
General Fund Investment 2023
Epworth Multi-Asset Fund		13,552.89
Uninvested Cash		27.18
Epworth New UK Equity Fund		255,387.21
Epworth New Global Equity Fund		22,113.40
General Fund Balance		291,080.68
Current Assets
Crossway Unrestricted Funds (Page 5)	14	11,777.32	4,387.10
Compensation Fund Cash (URC Trust)		3,155.53	4,203.03
Unrestricted Funds		14,932.85	8,590.13

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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 2023 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

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Independent Examiner's statement

In connection with our examination, no matter has come to our attention:

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

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

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X-Star Management Services Limited 53 Saxville Road Orpington, Kent BR5 3AN Dated: 25/06/2024

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