Charity Number: 1172503
Cross Ministries
Trustees report and financial statements
For the period ended 31[st] January 2023
Contents
Page
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Legal and administrative information 1
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Trustees report 2
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Statement of financial activities 3
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Balance sheet 4
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Notes to the financial statements 5-6
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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 2023
The trustees present their report and the financial statements for the period ended January 2023. 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 2022/2023
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;
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conducting classes
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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 80 - 90 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.
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.
Food Donations:
We donated food and groceries to many families in need in the borough of Brent.
Friday Homeless Ministry;
Every Friday 8-10 containers are filled with hot food and taken to different places and distributed to the homeless on the streets, in the city of London, like Kings Cross, Euston, Victoria, Wembley, Harrow, etc.
Water bottles and warm clothes are also distributed.
Cross Prayer Walk
November 2023, we completed 55 cities of England (whole of England cities), carrying the cross and praying for the cities. We also completed Cross prayer walk in 8 European countries.
Care Home Ministry
Through our Magarida ministry, we distributed Christmas gifts to the Residents of a Care home in Wembley.
On behalf of the board
Atul Labale (Chair)
Cross Ministries Statement of financial activities For the period ended 31[st] January 2023
| UNRESTRICTED FUNDS 2023 TOTAL | UNRESTRICTED FUNDS 2023 TOTAL | ||
|---|---|---|---|
| Incoming resources | (£ ) | ||
| (£) | |||
| Incoming resources from generating funds: | |||
| Voluntary Income | 9953.94 | ||
| 9953.94 | |||
| Loan (Covid) | 4035.79 | 4035.79 | |
| Balance brought forward | 22865.27 | 22865.27 | |
| Total incoming resources | 36855.00 | 36855.00 | |
| Resources expended | |||
| Premises costs/ hall hire | 8627.008627.00 | ||
| Priest expenses | |||
| Accountancy fees | |||
| - - |
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| Hospitality costs | 1500.001500.00 | ||
| Cleaning/Printing & Stationary expenses | 00.00 00.00 | ||
| Worship ministry | 00.00 | 00.00 | |
| Missions | 6300.00 | 6300.00 | |
| Children’s church expenses | 00.00 | 00.00 | |
| Homeless & Evangelism | 00.00 | 00.00 | |
| Gift expenses | 00.00 | 00.00 | |
| Church needs/ Fire & Safety / Insurance | 800.00 800.00 | ||
| Bank Charges | 122.20 | 122.20 | |
| Church service | 00.00 | 00.00 | |
| Loan Instalments | 3464.00 | ||
| 3464.00 | |||
| Total resources expended | 20813.41 | 20813.4 | |
| Net movement in funds | 1 | ||
| Total funds brought forward |
Total funds carried forward
16041.59
16041.59
Cross Ministries Balance sheet 31[st] January 2023
2023
£ £
Fixed Assets Tangible assets
Current Assets Debtors 00.00 Cash at bank and in hand 16041.59 Creditors: amounts failing due within one year 00.00 Net current assets 16041.59
Net assets 16041.59
Funds Unrestricted income funds 16041.59
Total funds 16041.59
The financial statements were approved by the trustees on 28th November 2023
Atul Labale Maria
Augusta Trindade Fernandes
Cross Ministries
Notes to financial statements
for the period ended 31[st] January 2023
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 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 2023
Unrestricted funds Unrestricted 2. Voluntary income Funds (£) Donations received from members 9953.94 9953.94 2023 Total (£) 3. Investment income - Other interest receivable 2023 (£) 00.00 4. Debtors Unpresented cheques 2023 (£) - 00.00 5. Creditors Loan to members 6. Government loan to pay back £4035.79 £4035.79
Cross Ministries Income and expenditure account For the period ended 31[st] January 2023
Notes 2023 (£)
Income 35855.00
Operating expenditure 20813.00
Operating surplus 16041.59
Other income - Interest receivable and similar income -
Retained surplus for the financial year. 16041.59