(Charity Number 1176816)
Cross Park Association
Annual Report and Accounts 2022
Introduction
The Cross Park Association was established as a Charitable Incorporated Organisation on 24[th] January 2018.
The building (and site) is owned by the Allhallows Parish Council and contains a recreation field, ‘country park’ and the Pavilion which was converted to form a community hall for the benefit of local residents. Activities were extended during 2022 to extend the part-time Community Café, Platinum Jubilee and Summer Fete activities at Cross Park. Considerable investment was made in equipment and stock for the Café.
Trustees for the year were:
Lisa Newstead (appointed 30[th] October 2020) Rachelle Freeguard (appointed 30[th] October 2020) Elizabeth Wiggins (appointed 30[th] October 2020, resigned 21/2/22) David Wiggins (appointed 30[th] October 2020, resigned 21/1/22) Chris Rimmer (appointed 30[th] October 2020) Chris Fribbins (appointed 30[th] October 2020) Clare Rimmer (appointed 20[th] August 2022)
Accounts are recorded on a Receipts and Payments basis. A new accounting package was installed to help manage and record the increases transactions created by the operation of a part-time Community Café. A new style report has been created and filed with the Annual Return. A summary from the account package is below.
| Balance Brought Forward | £ 7,693.79 |
|---|---|
| Income | |
| Allhallows Parish Council Revenue Grants | £ 4,000.00 |
| Hall Hire | £ 830.01 |
| Café Income Banked | £ 10,789.44 |
| Other Income | £ 2,422.07 |
| TOTAL INCOME | £18,041.52 |
| Expenditure | |
| Rates | £ 409.60 |
| Heating & Lighting | £ 1,195.50 |
| Insurance | £ 172.00 |
| Labour | £ 9,562.40 |
| Events Expenditure | £ 2,391.12 |
| Cost of Sales (Café stock) | £ 1,816.37 |
| Materials | £ 317.89 |
| Hall Hire Expenditure | £ 40.00 |
| Advertising | £ 196.99 |
| Legal Fees | £ 261.84 |
| Entertaining Staff | £ 69.97 |
| Cleaning | £ 1,275.57 |
| TOTAL EXPENDITURE | £17,709.25 |
| Profit | £ 332.27 |
|---|---|
| Bank Interest | £ 4.83 |
| TOTAL | £ 337.10 |
| Balance | £ 8,030.89 |
Annual Report prepared on a retrospective basis by Chris Fribbins, Clerk Allhallows Parish Council and Trustee from 2020.
Chris Fribbins 5[th] March 2023
Logo
Cross Park Association
Management Report
5th March 2023
Prepared by Chris Fribbins
Table of Contents
| Executive Summary | 3 |
|---|---|
| Profit & Loss | 4 |
| Balance Sheet | 6 |
| Cash Flow | 7 |
Cross Park Association Management Report
Page 2 of 8
Executive Summary
Financial year report for FY 2022
| FY 2022 (£) | |
|---|---|
| Cash | |
| Cash Flow From Operations | |
| Cash in | 18,041.52 |
| Cash out | (17,709.25) |
| Net cash surplus (deficit) | 332.27 |
| Cash Flow From Financing Activities | |
| Cash in | 4.83 |
| Net cash surplus (deficit) | 4.83 |
| Cash Flow From Investing Activities | |
| Net cash surplus (deficit) | (1,880.57) |
| Cash Summary | |
| Net cash movements | (1,543.47) |
| Closing cash balance | 6,150.32 |
| Profitability | |
| Revenue | 11,619.45 |
| Cost of sales | (14,127.78) |
| Gross profit (loss) | (2,508.33) |
| Other income | 6,422.07 |
| Administrative expenses | (3,581.47) |
| Finance income | 4.83 |
| Profit (loss) | 337.10 |
| Balance Sheet | |
| Assets | 8,030.89 |
| Net Assets | 8,030.89 |
Cross Park Association Management Report
Page 3 of 8
Profit & Loss
----- Start of picture text -----
5,500
5,000 Profit/Loss
4,500 Income
4,000
Expenses
3,500
3,000
2,500
2,000
1,500
1,000
500
0
-500
-1,000
-1,500
-2,000
Jan 22 Feb 22 Mar 22 Apr 22 May 22 Jun 22 Jul 22 Aug 22 Sep 22 Oct 22 Nov 22 Dec 22
----- End of picture text -----
Financial year report for FY 2022
| Revenue | FY 2022 (£) |
|---|---|
| Cafe Card Income | 5,211.70 |
| Cafe Cash Income | 5,577.74 |
| Hall Hire | 830.01 |
| Total Revenue Cost of sales Cost of sales |
11,619.45 (1,816.37) |
| Labour | (9,562.40) |
| Materials | (317.89) |
| Events Expenditure | (2,391.12) |
| Hall Hire Expenditure | (40.00) |
| Total Cost of sales | (14,127.78) |
| Gross Profit | (2,508.33) |
| Administrative expenses Rent and rates |
|
| Rent and rates | (409.60) |
| Heat and lighting | (1,195.50) |
| Insurance | (172.00) |
| Total Rent and rates General administration |
(1,777.10) |
| Cleaning | (1,275.57) |
| Total General administration Advertising |
(1,275.57) |
| Advertising | (196.99) |
| Total Advertising Professional fees |
(196.99) |
Cross Park Association Management Report
Page 4 of 8
Profit & Loss
| Legal fees | (261.84) |
|---|---|
| Total Professional fees Entertainment |
(261.84) |
| Entertaining staff | (69.97) |
| Total Entertainment | (69.97) |
| Total Administrative Expenses | (3,581.47) |
| Operating Profit | (6,089.80) |
| Other income | |
| Other income | 2,422.07 |
| Parish Council Grants | 4,000.00 |
| Total Other income Finance income |
6,422.07 |
| Interest income | 4.83 |
| Total Finance income | 4.83 |
| Profit Before Tax | 337.10 |
| Net Profit | 337.10 |
Cross Park Association Management Report
Page 5 of 8
Balance Sheet
----- Start of picture text -----
15,000
Shareholders Equity
12,500
10,000
7,500
5,000
2,500
0
Jan 22 Feb 22 Mar 22 Apr 22 May 22 Jun 22 Jul 22 Aug 22 Sep 22 Oct 22 Nov 22 Dec 22
----- End of picture text -----
Financial year report for FY 2022
| Non current assets Fixed assets |
FY 2022 (£) |
|---|---|
| Fixtures & fittings | 1,880.57 |
| Total Fixed assets Current assets Cash |
1,880.57 |
| Barclays Community Account | 1,145.49 |
| Barclays Business Premium Account | 5,004.83 |
| Total Cash | 6,150.32 |
| Net Assets | 8,030.89 |
| Equity | |
| Retained earnings | 7,693.79 |
| Net profit | 337.10 |
| Total Equity | 8,030.89 |
| Shareholders Equity | 8,030.89 |
Cross Park Association Management Report
Page 6 of 8
Cash Flow
----- Start of picture text -----
12,500
Movement in Cash Balance
Cash Balance
10,000
7,500
5,000
2,500
0
-2,500
Jan 22 Feb 22 Mar 22 Apr 22 May 22 Jun 22 Jul 22 Aug 22 Sep 22 Oct 22 Nov 22 Dec 22
----- End of picture text -----
Financial year report for FY 2022
| Revenue | FY 2022 (£) |
|---|---|
| Hall Hire | 830.01 |
| Cafe Card Income | 5,211.70 |
| Cafe Cash Income | 5,577.74 |
| Total Revenue Other income Other income |
11,619.45 2,422.07 |
| Parish Council Grants | 4,000.00 |
| Total Other income | 6,422.07 |
| Total Income | 18,041.52 |
| Cost of sales Labour |
(9,562.40) |
| Events Expenditure | (2,391.12) |
| Cost of sales | (1,816.37) |
| Materials | (317.89) |
| Hall Hire Expenditure | (40.00) |
| Total Cost of sales Administrative expenses Rent and rates |
(14,127.78) |
| Heat and lighting | (1,195.50) |
| Rent and rates | (409.60) |
| Insurance | (172.00) |
| Total Rent and rates Advertising |
(1,777.10) |
| Advertising | (196.99) |
| Total Advertising | (196.99) |
Cross Park Association Management Report
Page 7 of 8
Cash Flow
| General administration | |
|---|---|
| Cleaning | (1,275.57) |
| Total General administration Professional fees |
(1,275.57) |
| Legal fees | (261.84) |
| Total Professional fees Entertainment |
(261.84) |
| Entertaining staff | (69.97) |
| Total Entertainment | (69.97) |
| Funds Generated From Operations | 332.27 |
| Finance income | |
| Interest income | 4.83 |
| Total Finance income | 4.83 |
| Financing Cash Flow | 337.10 |
| Non current assets Fixed assets |
|
| Fixtures & fittings | (1,880.57) |
| Total Fixed assets | (1,880.57) |
| Investing Cash Flow | (1,543.47) |
| Total After Drawings | (1,543.47) |
| Net Cash Movements | (1,543.47) |
| Cash Balance Cash Flow |
(1,543.47) |
| Total Cash Balance | 6,150.32 |
Cross Park Association Management Report
Page 8 of 8