2021-01-31-accounts

Charity Number: 1172503

Cross Ministries

Trustees report and financial statements For the period ended 31[st] January

Cross Ministries

Contents

Page

1. Legal and administrative information 1

2. Trustees report 2

3. Statement of financial activities 3

4. Balance sheet 4

5. Notes to the financial statements 5-6

6. Income and expenditure account 7

Cross ministries

Legal and administrative information

Charity number 1172503 Registered office 14 Vane Close, Harrow, HA3 9XD Trustees Atul Labale (Chair) Maria Augusta Trindade Fernandes Perpetua Fernandes Bankers HSBC

Cross Ministries Report of the trustees for the year ended January 2021

The trustees present their report and the financial statements for the period ended January 2021. The trustees who served during the year and up to the date of this report are set out on page 1.

Annual Report of Cross Ministries 2020/2021

Our charity’s objectives are to promote and advance Christian culture and religion according to special traditions prevailing in the countries where Christianity is practiced. In addition we also support the local community in the Cross Ministries and its suburban areas essentially in understanding the Konkani, Gujrati, English and local culture and in turn integrating the displaced into the local community seamlessly by: - conducting classes - promoting cultural performances - organising social events In addition the charity is geared to relieve hardships endured by the members and others by providing food, clothing, counselling and other services to those in need as well as providing support for other organisations that help people suffering.

Saturday Church Service:

Every Saturday at 1:30 pm we meet, to have our main church service where around 70- 80 people attend our service. 1:30 pm – 2:30 pm Worship, this is led by our worship team. We sing around 9-10 worship songs during which people are given a chance to pray individually. 2:30pm – 2:45pm Announcements and offering takes place. 2:45pm – 3:45pm The preacher then preaches for an hour. 4pm Tea/ Coffee is served alongside food; some people pray with the leaders while others fellowship together. All church services are held at Cross Restaurant 402 High road, Wembley. However, due to the covid 19 pandemic, we had to move online and held our services online.

Tuesday Prayer: Around 15- 20 people meet on Tuesdays at 6pm for a prayer meeting till 8pm and then have a meal together at 8.30pm. Due to the corona virus pandemic this meeting was also conducted online.

Food Donations:

We donated food and groceries to many families in need in the borough of brent during the pandemic.

On behalf of the board

Atul Labale (Chair)

Cross Ministries Statement of financial activities For the period ended 31[st] January 2021

	Unrestricte	2021 total
Incoming resources	d funds(£)	(£)
Incoming resources from generating	funds:
Voluntary Income	11441.00	11441.00
Loan (Covid)	7500.00	7500.00
Balance brought forward	12616.09	12616.09
Total incoming resources	31557.09	31557.09
Resources expended
Premises costs/ hall hire	4580.00	4580.00
Priest expenses	-	-
Accountancy fees	-	-
Hospitality costs	1075.00	1075.00
Cleaning/Printing & Stationary expenses	00.00	00.00
Worship ministry	00.00	00.00
Overseas missions	00.00	00.00
Children’s church expenses	00.00	00.00
Homeless & Evangelism	00.00	00.00
Gift expenses	2600.00	2600.00
Church needs/ Fire & Safety / Insurance	364.82	364.82
Bank Charges	72.00	72.00
Church service	00.00	00.00
Total resources expended	8691.82	8691.82
Net movement in funds
Total funds brought forward
Total funds carried forward	22865.27	22865.27

Cross Ministries Balance sheet 31[st] January 2021

2021

£ £

Fixed Assets Tangible assets

Current Assets Debtors 00.00 Cash at bank and in hand 22865.27 22865.27

Creditors: amounts failing due within one year 00.00 Net current assets 22865.27

Net assets 22865.27

Funds Unrestricted income funds 22865.27

Total funds 22865.27

The financial statements were approved by the trustees on 26[th] November 2021

Atul Labale Maria Augusta Trindade Fernandes

Cross Ministries Notes to financial statements for the period ended 31[st] January 2021

1. Accounting policies

The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year.

1.1 Basis of accounting

The financial statements are prepared under the historical cost convention and in accordance with the Statement of Recommended Practice 'Accounting and Reporting by charities' issued in March 2005 (SORP 2005) and the Charities Act 1993.

1.2 Incoming resources

All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:

Voluntary income is received by way of grant, donation and gifts and is included in full in the statement of financial activities when receivable. Grants where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.

Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included.

Gifts donated for resale are included as incoming resources within activities for generating funds when they are sold.

Income from investments is included in the year in which it is receivable.

1.3 Resources expended

Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered and is reported as part of the expenditure to which it relates.

Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes including the charity's shop.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management.

1.4 Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life as follows;

Fixtures, fittings and equipment -Depreciation is based on assets.

Cross Ministries Notes to financial statements for the period ended 31[st] January 2021

----- Start of picture text -----
Unrestricted
Funds (£)
Unrestricted
2. Voluntary income Funds (£)
11441.00
2021 Total
11441.00
Donations received from members
(£)
Unrestricted
Funds (£)
3. Investment income -
-
Other interest receivable
2021 (£)
00.00
4. Debtors
Unpresented cheques
2021 (£)
- 00.00
5. Creditors
Loan to members 7500.00
-
6. Government loan received
7500.00
----- End of picture text -----

Cross Ministries

Income and expenditure account For the period ended 31[st] January 2021

Notes 2021 (£)

Income 31557.09

Operating expenditure 8691.82 Operating surplus 22865.27 Other income - Interest receivable and similar income - Retained surplus for the financial year 22865.27