CROSSWAY UNITED REFORMED CHURCH
REPORTOF THETRUSTEES FOR THEYEAR ENDED31stDECEMBER 2024
The trustees of the charity present their report with the financial statements of the charity for the year ended 31st December 2024. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) Accounting and Reporting by Charities' issued in March 2005.
REFERENCEAND ADMINISTRATIVE DETAILS
Registered Charity Number 1169091
Registered Office
Crossway Christian Centre 18 Hampton Street London SEI 6SN
Charity Trustees
Rev Lance Stone Chairman Grace Frimpong Trustee Nancy Najera Trustee
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, the Constitution and constitutes a charity, as defined by the Charities Act 2011.
Membership of trustee board.
The trustees of the charity are also voluntary trustees for the purposes of charity law and under the charity's Constitution are known as members of the Trustees Board.
Induction and training of trustees
All trustees are familiar with the practical work of the church and have undertaken training to support their role.
Organisational structure
The Trustee Board meets quarterly and a quarterly branch feedback report is given at each meeting. The church Minister has the responsibility for the day to day operational management of the church.
Risk management
The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
Internal control risks are minimised by the implementation of procedures for authorisation of all transactions and projects. Procedures and risk assessments are in place to ensure compliance with Health and Safety of volunteers; members; children; and visitors to the church.
OBJECTIVES AND ACTIVITIES
The charity's objects and its principal activity were:
-
a. To advance the Christian faith in accordance with statement of beliefs appearing in the scheduled hereto in London and in such other parts of the United Kingdom or the world.
-
b. To relieve persons who are in conditions of need or hardship, are or sick, to train Lay Preachers and to relieve the distress caused thereby in London and such other parts of the United Kingdom or the world.
-
c. To promote and fulfil such other charitable purposes beneficial to the community in London and in such other parts of the United Kingdom or the world.
ACHIEVEMENTS FOR THE YEAR:
In accordance with the charities objectives we have sought to 'advance the Christian faith' in a number of ways:
We have held Christian services each Sunday for any who want to come.
Pastoral care has been offered to those in need
The church has been available for baptisms, weddings and funerals. We have met for prayer and the church is available for people to come for private prayer.
In accordance 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 need We have made welcome those in distress
Our church building gives a place to meet to organisations that seek to help others and be beneficial to the community around the church. Offered University Students a place of worship during term time.
Conclusion
During this past year we have carried out events in accordance with the charity's objectives
FINANCIAL REVIEW Financial Performance: The results of the year showed a surplus of £43,018.57. An increase of £31 ,24125 on the previous year as depicted in the statement of financial activities and the notes therein.
The bulk of the income for the year is generated from rental income.
Reserves policy
The trustees review the reserves of the charity annually and
acknowledged that the level of fund at present is appropriately sufficient. It is the trustees' policy to generally maintain reserves at a Iow level and to apply donation receipts to funding its activities. In light of the income generated, the trustees consider the balance of the unrestricted funds to be satisfactory in meeting the church obligations should potential liabilities arise.
Principal funding sources
At present the majority of the church's funding continues to come from the rental income from the church properties and personal donations from members of the church and the general public.
FUTURE DEVELOPMENTS:
We are seeking a new minister who can give the time needed to further the work of the charity.
We aim to develop the youth and children's activities To develop the church website to further the aims of the charity
The trustees are responsible for keeping proper accounting records which disclose with 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 Charities Act 2011. They are also responsible 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 information of which the charity's independent examiners are unaware, and each trustee has taken all the steps that they ought to have taken as a trustee in order to make them aware of any examination information and to establish that the charity's independent examiners are aware of that information.
INDEPENDENT EXAMINERS
The independent examiners, X-Star Management Services Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.
ON BEHALF OF THE BOARD:
Minister:
Interim Chair of the Trustee Meeting
Rev. John Grundy Date 23[rd] June 2025
CROSSWAY CROSSWAY UNITED UNITED REFORMED REFORMED CHURCH CHURCH
FINANCIAL FINANCIAL STATEMENT STATEMENT YEAR YEAR ENDED ENDED 31[31] DECEMBER DECEMBER 2024 2024
Crossway Crossway United United Reformed Reformed Church Church
18 18 Hampton Hampton Street Street London London SEI SE1 6SN 6SN
CROSSWAY CROSSWAY UNITED UNITED REFORMED REFORMED CHURCH CHURCH
An An unincorporated unincorporated[association] association affiliated affiliated to[to] the[the] United United Reformed Reformed Church. Church.
Interim Interim Minister: Minister: Rev Rev Lance Lance Stone/Rev Stone/Rev John John Campbell Campbell
Independent Independent Examiner: Examiner: X-Star X-Star Management Management Service[Service] Limited[Limited] Treasurer: Treasurer: Alistair Alistair Wilson Wilson
Administrator: Administrator: Lydia Lydia K K Busagwa Busagwa
Bankers: Bankers: Barclays[Barclays] Bank Bank
Crossway Crossway United United Reformed Reformed Church Church Charity[Charity] No.1169091 No.1169091
Address: Address:[18] 18 Hampton Hampton Street,[Street,] Elephant Elephant and and Castle,[Castle,] London London SE1 SEI 6SN 6SN
http: http://www.crosswaychurch.orgnuk //www.crosswaychurch.org.uk
PAGES PAGES
CONTENTS CONTENTS
CROSSWAY CROSSWAY URC URC DETAILS DETAILS[AS] AS AT AT 31°[31st] DECEMBER[ DECEMBER] 2024[2024]
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||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|INDEPENDENT|INDEPENDENT|EXAMINER'S|EXAMINER’S|REPORT|REPORT|
|1.|1.|STATEMENT|STATEMENT|OF|OF FINANCIAL|FINANCIAL|ACTIVITIES|ACTIVITIES|INCLUDING|INCLUDING|INVESTMENTS|INVESTMENTS|3|3|
|2.|2.|BALANCE|BALANCE|SHEET|SHEET|4|4|
|3.|3.|STATEMENT|STATEMENT OF|OF FINANCIAL|FINANCIAL ACTIVITIES|ACTIVITIES|EXCLUDING|EXCLUDING|INVESTMENTS|INVESTMENTS|=|5|5|
|NOTES TO|NOTES|TO|THE|THE|ACCOUNTS|ACCOUNTS|
|4.|4.|INCOMING|INCOMING RESOURCES|RESOURCES (1|(1|-|-|4)|4)|6|6|
|5.|5.|OUTGOING|OUTGOING RESOURCES|RESOURCES|[(5]|(5|—-|-|11)|11)|7|7|
|6.|6.|CROSSWAY|CROSSWAY SYNOD|SYNOD|ACCOUNT|ACCOUNT|(12|[(12]|-|-|13)|13)|9|9|
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| CROSSWAYUNITED REFORMEDCHURCH END OF YEAR CROSSWAY UNITED REFORMED CHURCH END OF YEAR |
CROSSWAYUNITED REFORMEDCHURCH END OF YEAR CROSSWAY UNITED REFORMED CHURCH END OF YEAR |
31ST DECEMBER2024 31ST DECEMBER |
2024 2024 |
|
|---|---|---|---|---|
| Incoming Resources Incoming Resources |
||||
| Offertory Offertory |
1 1 |
9,751.35 9,751.35 |
||
| Tax Recovered Tax Recovered |
1,960.25 1,960.25 |
|||
| Donations Donations |
2 2 |
560.00 560.00 |
||
| Lettings Lettings |
3 3 |
197,560.45 197,560.45 |
||
| Other Income resources Other Income resources |
250.00 250.00 |
|||
| Refund and on Business rates Refund and on Business rates |
4 4 |
45,451.83 45,451.83 |
||
| Synod Investment Income Synod Investment Income |
8,604.50 8,604.50 |
|||
| Bank Interest Bank Interest |
307.40 307.40 |
|||
| Total Incoming Resources Total Incoming Resources |
264,445.78 264,445.78 |
|||
| Outgoing Resources Outgoing Resources |
||||
| Ministry & Mission Ministry & Mission |
32,808.00 32,808.00 |
|||
| Crossway Praise/Resources Crossway Praise/Resources |
5 5 |
2,080.00 2,080.00 |
||
| Robes Project Robes Project |
“ | |||
| Light & Heat Light & Heat |
6 6 |
46,563.18 46,563.18 |
||
| Donations Donations |
7 7 |
1,250.00 1,250.00 |
||
| Professional Fees Professional Fees |
8 8 |
23,714.28 23,714.28 |
||
| Administration Administration |
9 9 |
24,838.80 24,838.80 |
||
| URC Synod URC Synod |
33,334.00 33,334.00 |
|||
| Repairs & Maintenance Repairs & Maintenance |
10 10 |
59,704.37 59,704.37 |
||
| Salaries Salaries |
11 11 |
34,364.35 34,364.35 |
||
| Total Resources Expended Total Resources Expended |
258,656.98 258,656.98 |
|||
| Net Incoming (Outgoing) Resources Net Incoming (Outgoing) Resources |
5,788.80 5,788.80 |
|||
| Movement in Funds Movement in Funds |
F | |||
| Bal B/ Fwd as at 31st December 2023 Bal B/Fwd as at 31st December 2023 |
11 777.32 11,777.32 |
|||
| Bal C/ Fwd as at 31st December 2024 BalC/Fwdasat31stDecember2024 |
12 12 |
17F66u12 17,566.12 |
3 3
BALANCE BALANCE SHEET SHEET AS AS AT AT 31ST 31ST DECEMBER DECEMBER 2024 2024
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|||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|2024|2024|2024|2024|
|£|£|
|FIXED|FIXED|ASSETS|ASSETS|
|Investment|Investment|[Assets]|Assets|13|13|307,250.40|307,250.40|
|Total|Total|Fixed|Fixed|Assets|Assets|307,250.40|307,250.40|
|CURRENT|CURRENT ASSETS|ASSETS|
|Cash|Cash|at|at|Bank|Bank|(Page|(Page|5|[5]|[)]|)|12|12|43,018.57|43,018.57|
|Compesation|Compesation|[Fund]|Fund|[cash]|cash|11,760.03|11,760.03|54,778.60|54,778.60|
|NET|NET ASSETS|ASSETS|362,029.00|362,029.00|
|Represented|Represented|by:|by:|
|Epworth|Epworth|Multi-Asset|Multi-Asset|Fund|Fund|14,237.84|14,237.84|
|Uninvested|Uninvested|Cash|Cash|72.04|72.04|
|Epworth|Epworth|New|New|UK|UK|Equity|Equity|Fund|Fund|267,598.63|267,598.63|
|Epworth|Epworth|New|New|Global|Global|Equity|Equity|Fund|Fund|25,341.89|25,341.89|307,250.40|307,250.40|
|Unrestricted|Unrestricted|Funds|Funds|12|12|43,018.57|43,018.57|
|11,760.03|11,760.03|54,778.60|54,778.60|
|TOTAL|TOTAL|NET ASSETS|NET ASSETS|362,029.00|362,029.00|
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4 4
| CROSSWAYUNITED REFORMED CHURCH END OF CROSSWAY UNITED REFORMED CHURCH END OF |
YEAR YEAR |
31ST DECEMBER 2024 31ST DECEMBER |
DECEMBER 2024 2024 |
|---|---|---|---|
| Incoming Resources Offertory Tax Recovered Incoming Resources Offertory Tax Recovered |
1 1 |
9,751.35 1,960.25 9,751.35 1,960.25 |
|
| Donations Lettings Other Income resources Donations Lettings Other Income resources |
2 3 2 3 |
560 197,560.45 250 560 197,560.45 250 |
|
| Refund and on Business rates Refund and on Business rates |
4 4, |
45,451.83 | |
| Total Incoming Resources Total Incoming Resources |
255,533.88 255,533.88 |
||
| Outgoing Resources Ministry & Mission Outgoing Resources Ministry & Mission |
32,808.00 32,808.00 |
||
| Crossway Praise/Resources Crossway Praise/Resources |
5 5 |
2,080.00 2,080.00 |
|
| Robes Project Robes Project |
_ | ||
| Light & Heat Donations Professional Fees Light & Heat Donations Professional Fees |
6 7 8 6 7 8 |
46,563.18 1,250.00 23,714.28 46,563.18 1,250.00 23,714.28 |
|
| Administration Administration |
9 9 |
24,838.80 24,838.80 |
|
| URC synod URC Synod |
33,334.00 33,334.00 |
||
| Repairs & Maintenance Total Resources Expended Net Incoming (Outgoing) Resources Repairs & Maintenance Total Resources Expended Net Incoming (Outgoing) Resources |
10 10 |
59,704.37 59,704.37 |
224,292.63 31,241.25 224,292.63 31,241.25 |
| Movement in Funds Movement in Funds |
7 | ||
| Bal B/Fwd as at 31st December 2023 Bal C/ Fwd as at 31st December 2024 Bal B/Fwd as at 31st December 2023 BalC/Fwdasat3istDecember2024 |
12 12 |
11,777.32 43,018.57 11,777.32 43,018.57 |
5 5
NOTES NOTES TO TO THE THE ACCOUNTS ACCOUNTS[FOR] FOR THE THE YEAR YEAR ENDED ENDED 31st 31st DECEMBER DECEMBER 2024 2024 Accounting Accounting Policies Policies
These These accounts accounts have have been been prepared prepared on on basis basis of of Historic Historic Cost Cost and and Investment Investment are are shown shown
at at Market Market Value Value in in accordance accordance with with the the Statement Statement of of Financial Financial Activities Activities which which means means
that that actual actual costs costs are are used used and and no no adjustments adjustments made made for for changes changes in in the the value value of of money. money.
| Incoming Resources Incoming Resources |
2024 2024 |
2024 2024 |
|
|---|---|---|---|
| 1 1 |
Offertory Offertory |
£ | £ |
| Loose Loose |
2,078.35 2,078.35 |
||
| Envelope Envelope |
7,673.00 7,673.00 |
||
| Tax Recovered Tax Recovered |
1,960.25 1,960.25 |
||
| Total Total |
11,711.60 11,711.60 |
||
| 2 2 |
Donations Donations |
||
| Church Members Centre usage Church Members Centre usage |
160.00 160.00 |
||
| Motivational Centre Donations Motivational Centre Donations |
400.00 400.00 |
||
| Total Total |
560.00 560.00 |
||
| 3 3 |
Letting Letting |
||
| Crossway Letting Crossway Letting |
62,365.96 62,365.96 |
||
| Pilgrim Pilgrim |
95,549.19 95,549.19 |
||
| Garland Court Garland Court |
20,576.40 20,576.40 |
||
| The Printworks The Printworks |
19,068.90 19,068.90 |
||
| Total Total |
197,560.45 197,560.45 |
||
| Property Lets Property Lets |
|||
| Great Dover Street Commercial Great Dover Street Commercial |
30,333.68 30,333.68 |
||
| Great Dover Street Flat A Great Dover Street Flat A |
25,929.74 25,929.74 |
||
| Great Dover Street Flat B Great Dover Street Flat B |
39,285.77 So,.205.77 |
||
| Total Property Lets Total Property Lets |
95,549.19 95,549.19 |
||
| 4 4 |
Other Income resources Other Income resources |
||
| Refund The Appliance Centre Refund The Appliance Centre |
42.00 42.00 |
||
| London Borough of Southwark London Borough of Southwark |
45,404.83 45,404.83 |
||
| Arches Key Arches Key |
5.00 5.00 |
||
| Total Total |
45,451.83 45,451.83 |
||
| Outgoing Resources Outgoing Resources |
£ | £ | |
| 5 5 |
Praise and Worship Praise and Worship |
||
| Preacher Preacher |
240.00 240.00 |
||
| Organist Organist |
1,820.00 1,820.00 |
||
| ALSA URC ALSA URC |
20.00 20.00 |
||
| Total Total |
2,080.00 2,080.00 |
6 6
| 6 6 |
Light and Heating Light and Heating |
|||
|---|---|---|---|---|
| British Gas (Utility) British Gas (Utility) |
18,141.62 18,141.62 |
|||
| SSE Gas SSE Gas |
1,375.25 1,375.25 |
|||
| Pozitive Energy Pozitive Energy |
27,046.31 27,046.31 |
|||
| Welcome Energy Welcome Energy |
= | |||
| Total Total |
46,563.18 46,563.18 |
|||
| 7 7 |
Donations Donations |
|||
| Compation UK Compation UK |
600.00 600.00 |
|||
| Daniel Memnez Daniel Memnez |
50.00 50.00 |
|||
| Lydia Busagwa Lydia Busagwa |
50.00 50.00 |
|||
| Pulmonry Fibrosis Trust Pulmonry Fibrosis Trust |
150.00 150.00 |
|||
| United Reformed Church United Reformed Church |
PCM24 PCM24 |
100.00 100.00 |
||
| Rev Lance Stone Rev Lance Stone |
300.00 300.00 |
|||
| Total Total |
1,250.00 1,250.00 |
|||
| 8 8 |
Professional Fees Professional Fees |
|||
| Veale Wasborough Vizards (Legal) Veale Wasborough Vizards (Legal) |
2,494.20 2,494.20 |
|||
| Rendall & Rittner (Service Charge) Rendall & Rittner (Service Charge) |
4,552.95 4,552.95 |
|||
| CPRA Group Ltd CPRA Group Ltd |
16,167.13 16,157.13 |
|||
| Xstar Management/Audit Xstar Management/Audit |
500.00 500.00 |
|||
| Total Professional Fees Total Professional Fees |
23,714.28 23,714.28 |
|||
| 9 9 |
Administration Administration |
|||
| Books and Training Books and Training |
40.00 40.00 |
|||
| Telephone andBroadband Telephone andBroadband |
1,455.33 1,455.33 |
|||
| Insurance Insurance |
13,464.86 13,464.86 |
|||
| L B Southwark LB Southwark |
189.00 189.00 |
|||
| Water Water |
1,035.80 1,035.80 |
|||
| Hospitality Hospitality |
1,011.75 bylded 2 |
|||
| Cleaning Cleaning |
4,017.20 4,017.20 |
|||
| Admin Expenses Admin Expenses |
3,624.86 3,624.86 |
|||
| Total Total |
24,838.80 24,838.80 |
|||
| 9 9 |
Cleaning Cleaning |
|||
| B&C Supplies B&C Supplies |
1,303.83 1,303.83 |
|||
| Newcro Windows Newcro Windows |
1,266.00 1,266.00 |
|||
| KDC KDC |
708.00 708.00 |
|||
| Sparkle (Dishwasher Solution) Sparkle (Dishwasher Solution) |
110.40 110.40 |
|||
| Grafting Gardeners Ltd Grafting Gardeners Ltd |
288.00 288.00 |
|||
| Aldamar Jaramillo Aldamar Jaramillo |
264.00 264.00 |
|||
| Kitchen Rubbish Bin Kitchen Rubbish Bin |
14.98 14.98 |
|||
| Extendable Window Cleaner Extendable Window Cleaner |
61.99 61.99 |
|||
| Total Total |
4,017.20 4,017.20 |
7 7
| 9 9 |
Administration expenses Administration expenses |
||
|---|---|---|---|
| Action Consultancy Action Consultancy |
100.00 100.00 |
||
| Admin expenses Admin expenses |
493.86 493.86 |
||
| Amazon market/subscription Amazon market/subscription |
119.53 119.53 |
||
| The United Reformed Trust The United Reformed Trust |
400.00 400.00 |
||
| CCLI licence CCLI licence |
245.72 245.72 |
||
| Church Finance Supplies Church Finance Supplies |
71.43 71.43 |
||
| The Appliance Cent The Appliance Cent |
318.00 318.00 |
||
| Euro Office Euro Office |
174.00 | ||
| Fasthosts Fasthosts |
41.50 41.50 |
||
| GO cardless GO cardless |
265.00 265.00 |
||
| Google Workplace Google Workplace |
205.57 205.57 |
||
| Granada Batteries Granada Batteries |
37.08 37.08 |
||
| Norton subscription Norton subscription |
89.99 89.99 |
||
| Nisbets Ltd Nisbets Ltd |
179.95 179.95 |
||
| Petty Cash Petty Cash |
460.00 | ||
| Roots for churches Roots for churches |
149.00 149.00 |
||
| Viking Direct Viking Direct |
274.23 274.23 |
||
| Total Total |
3F24u86 3,624.86 |
||
| IO 10 |
Repairs & Maintenance Repairs & Maintenance |
£ | £ |
| Beaver House Beaver House |
791.81 791.81 |
||
| Bollard Security Bollard Security |
288.00 288.00 |
||
| Cornerstone Cornerstone |
1,430.40 1,430.40 |
||
| Cunnings Recordings Cunnings Recordings |
2,605.32 2,605.32 |
||
| Dormakaba UK Ltd Dormakaba UK Ltd |
1,473.60 1,473.60 |
||
| Gill Property Maintenance Gill Property Maintenance |
1,121.99 1,121.99 |
||
| Guideline Lift Services Guideline Lift Services |
8,261.23 8,261.23 |
||
| Brendan Connolly (Locksmith Arches Lock) Brendan Connolly (Locksmith Arches Lock) |
185.00 185.00 |
||
| JP Electrical JP Electrical |
4,281.81 4,281.81 |
||
| Moorhouse Heating Moorhouse Heating |
2,172.00 2,172.00 |
||
| Proton Southern Proton Southern |
125.22 125.22 |
||
| Hilarion Vera Hilarion Vera |
46.31 46.31 |
||
| Safe IS Safe IS |
2,510.06 2,510.06 |
||
| SATS SATS |
3,930.00 3,930.00 |
||
| WFP WFP |
1,461.38 1,461.38 |
||
| Zero Degree air conditioning Zero Degree air conditioning |
13,191.50 13,191.50 |
||
| CharlesJames wrig Charles James wrig |
620.00 620.00 |
||
| PAXTON ACCESS-DOM PAXTON ACCESS-DOM |
116.40 116.40 |
||
| Sub-Total Sub-Total |
44,612.03 44,612.03 |
||
| Property Crossway/Great Dover Property Crossway/Great Dover |
15,092.34 15,092.34 |
||
| Total Total |
59,704.37 59,704.37 |
||
| 11 11 |
Flat expenses Flat expenses |
||
| Southern Housing Southern Housing |
1,727.85 1,727.85 |
||
| Foxtons (Flat Repairs) Foxtons (Flat Repairs) |
10,154.49 10,154.49 |
||
| JJP Electrical JJP Electrical |
780.00 780.00 |
||
| London Borough of Southwark (Pp Licences) London Borough of Southwark (Pp Licences) |
2,430.00 2,430.00 |
||
| Total Total |
15,092.34 15,092.34 |
||
| 8 8 |
12 12 Crossway Crossway Synod Synod A/C A/C 2024 2024
| Crossway Synod A/C 2024 Crossway Synod A/C 2024 |
||
|---|---|---|
| £ | ||
| Opening Balance Opening Balance |
||
| Crossway URC Crossway URC |
33,334.00 33,334.00 |
|
| Epworth Investiment Income Epworth Investiment Income |
8,904.27 8,904.27 |
|
| Sale of Epworth Investment Sale of Epworth Investment |
263.68 263.68 |
|
| Bank Interest Bank Interest |
307.4 307.4 |
|
| Emporth Multi-Assets Emporth Multi-Assets |
159.5 159.5 |
42,968.85 42,968.85 |
| Total Total |
85,254.56 85,254.56 |
|
| Salaries Salaries |
34,364.35 34,364.35 |
34,364.35 34,364.35 |
| Balance C/Fwd 2025 Balance C/Fwd 2025 |
50,890.21 50,890.21 |
|
| Salaries Salaries |
£ | |
| Administrator Administrator |
22,353.55 22,953.55 |
|
| Cleaner Cleaner |
12,010.80 12,010.80 |
|
| Total Salaries TotalSalaries |
34,364.35 34,364.35 |
| General Funds General Funds |
General Funds General Funds |
||
|---|---|---|---|
| 2024 2024 |
2023 2023 |
||
| 13 13 |
Fixed Assets Fixed Assets |
£ | £ |
| Investment Fixed Assets End ofyear 2023 Investment Fixed Assets End of year 2023 |
291,080.68 291,080.68 |
172,104.03 172,104.03 |
|
| Investment Assets Increase/Decrease 2024 Investment Assets Increase/Decrease 2024 |
16,169.72 16,169.72 |
118,976.65 118,976.65 |
|
| Investment Fixed Assets End ofyear 2024 Investment Fixed Assets End ofyear 2024 |
307,250.40 307,250.40 |
291(080.68 291,080.68 |
|
| General Fund Investment 2024 General Fund Investment 2024 |
|||
| Epworth Multi-Asset Fund Epworth Multi-Asset Fund |
14,237.84 14,237.84 |
13,552.89 13,552.89 |
|
| Uninvested Cash Uninvested Cash |
72.04 72.04 |
27.18 27.18 |
|
| Epworth New UK Equity Fund Epworth New UK Equity Fund |
267,598.63 267,598.63 |
255,387.21 255,287 21 |
|
| Epworth New Global Equity Fund Epworth New Global Equity Fund |
25,341.89 25,341.89 |
22,113.40 22,113.40 |
|
| General Fund Balance General Fund Balance |
307,250.40 307,250.40 |
291,080.68 291,080.68 |
|
| Current Assets Current Assets |
|||
| Crossway Unrestricted Funds (Page 5) Crossway Unrestricted Funds (Page 5) |
43,018.57 43,018.57 |
11,777.32 11,777.32 |
|
| Compensation Fund Cash (URC Trust) Compensation Fund Cash (URC Trust) |
11,760.03 11,760.03 |
3,155.53 3,155.53 |
|
| Unrestricted Funds Unrestricted Funds |
54,778.60 54,778.60 |
14,932.85 14,932.85 |
AFFORDABLE f ORDABLE PBOFESSIONAL PROFESSIONAL
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SERVICE SERVICE @STARZe MANAGEMENT SERVICES LIMITED
esTAR
53 SAXVILLE ROAD, ORPINGTON, KENT, BR5 3AN, UK
| 53 SAXVILLE ROAD, ORPINGTON, KENT, BR5 3AN, UK
|} Tel:Email: Tel:Email: 01689 01689 info@xstarmanagement.com info@xstarmanagement.com 833 833 934, 934, email: email: info@xstarmanagement.com info@xstarmanagement.com
| Web: Web: www.xstarmanagement.com www.xstarmanagement.com
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INDEPENDENT INDEPENDENT EXAMINER'S EXAMINER'S REPORT REPORT TO TO THE THE LEADERS LEADERS OF OF THE THE CROSSWAY CROSSWAY UNITED UNITED REFORMED[REFORMED] CHURCH. CHURCH.
We We report report on on the the accounts accounts of of the the Church Church for for the the year year ended ended 31 31 December December 2024[2024] which[which]
comprise comprise the[the] Statement Statement of of Financial[Financial] Activities,[Activities,] the the Balance Balance Sheet Sheet and and related related notes. notes.
This This report report is is made made solely solely to to the the Church Church Council Council (Trustees) (Trustees) in in accordance accordance with with Section Section 145 145
of of the the[Charities] Charities Act Act 2011. 2011. Our Our work work has has been been undertaken undertaken so so that that we we might might state state to to the the
charity's charity’s leaders leaders those those matters matters we we are are required required to to state state to to them them in in an an Independent Independent Examiner's Examiner's report report and and for for no no other other purpose. purpose. To To the the fullest fullest extent extent permitted permitted by by law, law, we we do do
not not accept accept or or assume assume responsibility responsibility to to anyone anyone other other than than the the Church Church and and the the Church’s Church's leaders leaders for for our our examination examination work. work.
Respective Respective responsibilities responsibilities of[of] Trustees Trustees and and Examiner: Examiner: The The Church's Church’s leadership leadership are are responsible responsible for for the the preparation preparation of[of] the the accounts. accounts. They They consider consider that that an an audit audit is is not not required required for for this this year year (under (under Section Section 144 144 of of the the Charities Charities Act Act 2011 2011 (the (the Charities Charities Act)) Act)) and and that that an an independent independent examination examination is is needed. needed.
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It It is is our our responsibility responsibility to: to: e o Examine Examine[the] the accounts accounts (under[(under] Section Section 145[145] of of the[the] Charities[Charities] Act);[Act);]
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e To To follow follow the the procedures procedures laid laid down down in in the the General General Directions Directions given given by by the the Charity Charity Commissioner Commissioner (under (under Section Section 145(5)(b) 145(5)(b) of[of] the the Charities[Charities] Act); Act); and and
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e To To state state whether whether particular particular matters matters have have come come to[to] our our attention. attention.
Basis Basis[of] of Independent Independent Examiner's Examiner's report[report] Our Our examination examination was was carried carried out out in in accordance accordance with[with] the[the] General General Directions Directions given given by by the the Charity Charity Commissioner. Commissioner.
An An examination examination includes includes a a review review of of the the accounting accounting records records kept kept by[by] the the Church Church and and a a
comparison comparison of of the the accounts accounts presented presented with[with] those those records.[records.] It[It] also also includes includes consideration consideration of of
any any unusual[unusual] items[items] or[or] disclosures disclosures in[in] the[the] accounts[accounts] and[and] seeking[seeking] explanations[explanations] from[from] you you as as
trustees trustees concerning concerning any any such such matters. matters.
The The procedures procedures undertaken undertaken do do not[not] provide provide all all the the evidence evidence that that would would be be required required in[in] an an audit, audit, and and consequently consequently no no opinion opinion is is given given as as to to whether whether the[the] accounts accounts present present a a ‘true['true] and and fair' fair’ view view and and the the report report is is limited limited to to those those matters matters set set out out in in the the statement statement below. below.
ACCOUNTANCY ACCOUNTANCY TAX[TAX] PLANNING PLANNING CORPORATE CORPORATE ADVISORY[ADVISORY] CORPORATE CORPORATE TRANING[TRANING]
53 53 SAXVILLE SAXVILLE ROAD, ROAD, ORPINGTON, ORPINGTON, KENT, KENT, BR5 BR5 3AN 3AN TEL:+44 TEI.:+44 (0)[(O)] 1689833934, 1689833934, Email:[Email:] info@xstarmanagement.com, infQ@xstarmanagement.com, Web: Web: www.xstarmanagement.com www.xstarmanagement.com
Registered Registered in in England England and and Wales. Wales. Company Company Registration Registration No. No. 08903173 08903173
AFFORDABIÆ A ORDABLE PROFESSIONAL PROFESSIONAL SERVICE
j i ~ by . MANAGEMENT SERVICES LIMITED 53 53 SAXVILLE SAXVILLE ROAD, ROAD, ORPINGTON, ORPINGTON, KENT, KENT, BRS BR5 3AN, 3AN, UK UK || Tel:Email: Tel:Email: 01689 01689 info@xstarmanagement.com info@xstarmanagement.com833 833 934, 934, email: email: info@xstarmanagement.com info@xstarmanagement.com Web: Web: www.xstarmanagement.com www.xstarmanagement.com
Independent Independent Examiner's Examiner's statement statement
In In connection connection with with our our examination, examination, no no matter matter has has come come to to our our attention: attention:
- Which Which gives gives us us reasonable reasonable cause cause to to believe believe that that in in any any material material respect respect the the
requirements requirements
@
to to keep keep accounting accounting records records in in accordance accordance with with Section Section 130 130 of of the the Charities Charities Act; Act; and and
0 @ to to prepare prepare accounts accounts which which accord accord with with the the accounting accounting records records and and comply comply with with the the
accounting accounting requirements requirements of of the the Charities[Charities] Act Act
Have Have[not] not been been met; met; or or
- To To which, which, in in our our opinion, opinion, attention attention should should be be drawn drawn in in order order to to enable enable a a proper proper
understanding understanding of of the the accounts accounts to to be be reached. reached.
EMMANUEL EMMANUEL[NTIM,] NTIM, MSc. MSc. FCCA FCCA
X-Star X-Star Management Management Services Services Limited[Limited] 53 53 Saxville Saxville Road Road Orpington, Orpington, Kent Kent BR5 BR5[3AN] 3AN
Dated: Dated: 12/05/2025[12/05/2025]
ACCOUNTANCY ACCOUNTANCY TAX[TAX] PLANNING[PLANNING] CORPORATE CORPORATE ADVISORY[ADVISORY] CORPORATE[CORPORATE] TRANING[ TRANING]
53 53 SAXVILLE SAXVILLE ROAD, ROAD, ORPINGTON, ORPINGTON, KENT, KENT, BR5[BR5] 3AN 3AN TEL:+44 (0) (O) 1689833934, 1689833934, Email: Email: info@xstarmanagement.com, info@xstarmanagement.com, Web: Web: www.xstarmanagement.com www.xstarmanagement.com
Registered Registered in[in] England England and and Wales. Wales. Company Company Registration Registration No. No. 08903173 08903173