## Cross Park Associaton 

(Charity Number 1176816) 

## Annual Report and Accounts 2024 

## Introducton 

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. The Community Café (operated by Cross Park Association) ceased operations in December 2023 and an alternate provision by Roses Tea Rooms was agreed. This allowed an extension of the hours of operation (up to seven day operation at peak times) making more use of the Pavilion and wider site. This was agreed at a fixed monthly income to the CPA. Building maintenance by the Parish Council continued as a Cool Room and landscaping works were carried out. A concern has been the further increase in the electricity and gas costs. 

The sports field was used for a series of events for local organisations, fund raising activities of the charity and Cross Park Football Club. Events were expanded through the year via third parties (who were responsible for the events). 

There was additional pressure on existing trustees, so additional trustees were sought. 

Trustees for the year were: 

Lisa Newstead (appointed 30[th] October 2020) Chris Fribbins (appointed 30[th] October 2020) Nicola Foster (appointed 17[th] September 2023) Kim Wood (appointed 30[th] September 2023 

Accounts are recorded on a Receipts and Payments basis. An accounting package was continued to help manage and record the increased 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. 

Annual Report prepared on a retrospective basis by Chris Fribbins, Clerk Allhallows Parish Council and Trustee from 2020. 

Chris Fribbins 26[th] March 2025 



**Logo** 

## **Cross Park Association** 

## **Management Report** 

**1st June 2025** 

**Prepared by Chris Fribbins** 



## **Table of Contents** 

|**Profit & Loss**|**3**|
|---|---|
|**Balance Sheet**|**5**|



**Cross Park Association Management Report** 

**Page 2 of 5** 



## **Profit & Loss** 

## **Report comparing FY 2023 and FY 2024** 

|**Revenue**|**FY 2024 (£)**|**FY 2023 (£)**|**Variance**|
|---|---|---|---|
|**Cafe Card Income**|**0.00**|**9,983.48**|**(100%)**|
|**Cafe Cash Income**|**0.00**|**12,116.13**|**(100%)**|
|**Hall Equipment Purchase**|**(720.00)**|**(2,759.01)**|**73.9%**|
|**Events**|**2,038.30**|**1,446.00**|**41%**|
|**Hall Hire**|**908.75**|**1,119.00**|**(18.8%)**|
|**Pitch Hire**|**250.00**|**250.00**|**0%**|
|**Hall Equipment**|**(18.57)**|**0.00**|**-**|
|**Community Cafe Payment**|**5,001.00**|**0.00**|**-**|
|**Total Revenue**<br>**Cost of sales**|**7,459.48**|**22,155.60**|**(66.3%)**|
|**Cafe Stock**|**0.00**|**(10,431.37)**|**100%**|
|**Events Expenditure**|**(218.49)**|**(160.00)**|**(36.6%)**|
|**Total Cost of sales**<br>**Cafe Costs**|**(218.49)**|**(10,591.37)**|**97.9%**|
|**Cafe Equipment**|**(392.95)**|**(405.02)**|**3%**|
|**Total Cafe Costs**|**(392.95)**|**(405.02)**|**3%**|
|**Gross Profit**|**6,848.04**|**11,159.21**|**(38.6%)**|
|**Administrative expenses**<br>**Salaries**||||
|**Cleaning/Cafe Pay**|**0.00**|**(13,569.15)**|**100%**|
|**Total Salaries**<br>**Rent and rates**|**0.00**|**(13,569.15)**|**100%**|
|**Rent and rates**|**(294.41)**|**(302.08)**|**2.5%**|
|**Heat and lighting**|**(5,061.48)**|**(1,475.98)**|**(242.9%)**|
|**Insurance**|**(157.00)**|**(157.00)**|**0%**|
|**Total Rent and rates**<br>**General administration**|**(5,512.89)**|**(1,935.06)**|**(184.9%)**|
|**Cleaning**|**0.00**|**(590.93)**|**100%**|
|**General admin**|**(220.32)**|**0.00**|**-**|
|**Total General administration**<br>**Professional fees**|**(220.32)**|**(590.93)**|**62.7%**|
|**Legal fees**|**(502.40)**|**(21.00)**|**(2292.4%)**|
|**Total Professional fees**<br>**Repairs and maintenance**|**(502.40)**|**(21.00)**|**(2292.4%)**|
|**Repairs and maintenance**|**0.00**|**(142.25)**|**100%**|
|**Total Repairs and maintenance**<br>**Travel**|**0.00**|**(142.25)**|**100%**|



**Cross Park Association Management Report** 

**Page 3 of 5** 



## **Profit & Loss** 

||**FY 2024 (£)**|**FY 2023 (£)**|**Variance**|
|---|---|---|---|
|**Travel**|**(7.40)**|**0.00**|**-**|
|**Total Travel**|**(7.40)**|**0.00**|**-**|
|**Total Administrative Expenses**|**(6,243.01)**|**(16,258.39)**|**61.6%**|
|**Finance costs**<br>**Finance expense**||||
|**Bank charges**|**0.00**|**(4.99)**|**100%**|
|**ClearBooks Accounting Software**|**0.00**|**(136.08)**|**100%**|
|**Total Finance expense**|**0.00**|**(141.07)**|**100%**|
|**Operating Profit**|**605.03**|**(5,240.25)**|**111.5%**|
|**Other income**||||
|**Other income**|**285.81**|**4.99**|**5627.7%**|
|**Parish Council Grants**|**3,220.00**|**2,500.00**|**28.8%**|
|**Total Other income**<br>**Finance income**|**3,505.81**|**2,504.99**|**40%**|
|**Interest income**|**30.88**|**12.47**|**147.6%**|
|**Total Finance income**|**30.88**|**12.47**|**147.6%**|
|**Profit Before Tax**|**4,141.72**|**(2,722.79)**|**252.1%**|
|||||
|**Net Profit**|**4,141.72**|**(2,722.79)**|**252.1%**|



**Cross Park Association Management Report** 

**Page 4 of 5** 



## **Balance Sheet** 

## **Report comparing FY 2023 and FY 2024** 

|**Non current assets**<br>**Fixed assets**|**FY 2024 (£)**|**FY 2023 (£)**|**Variance**|
|---|---|---|---|
|**Fixtures & fittings**|**1,897.56**|**1,897.56**|**0%**|
|**Total Fixed assets**<br>**Current assets**<br>**Cash**|**1,897.56**|**1,897.56**|**0%**|
|**Barclays Community Account**|**2,099.03**|**2,669.84**|**(21.4%)**|
|**Barclays Business Premium Account**|**5,328.18**|**577.30**|**822.9%**|
|**Revolut**|**125.05**|**163.40**|**(23.5%)**|
|**Total Cash**|**7,552.26**|**3,410.54**|**121.4%**|
|**Net Assets**|**9,449.82**|**5,308.10**|**78%**|
|**Equity**<br>**Retained earnings**|**5,308.10**|**8,030.89**|**(33.9%)**|
|**Net profit**|**4,141.72**|**(2,722.79)**|**252.1%**|
|**Total Equity**|**9,449.82**|**5,308.10**|**78%**|
|**Shareholders Equity**|**9,449.82**|**5,308.10**|**78%**|



**Cross Park Association Management Report** 

**Page 5 of 5**