2021-03-31-accounts - Cross Street Baptist Church

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CROSS STREET BAPTIST CHURCH

TRUSTEES' REPORT AND ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2021

FINAL

CROSS STREET BAPTIST CHURCH

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CONTENTS
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CONTENTS
	Page
Trustees and Advisers	1
Trustees' Report	2 to 6
Independent Examiner`s Report to the Trustees	7	-
A: Statement of Receipts & Payments	8
B: Statement of Assets & Liabilities	9
C: Notes forming part of Statement of Receipts & Payments	10 to 14

CROSS STREET BAPTIST CHURCH

LEGAL AND ADMINISTATIVE INFORMATION

Registered Office: Cross Street Baptist Church 16-18 Cross Street London N1 2BG

Managing Trustees: Rev N. Fernandez (Minister) Mrs L. Bold de Fernandez Mr O. Fakolade Mrs P. Neill Miss S. Warbus

Registered Charity Number: 1188961

Bankers: TSB Bank 404 Bethnal Green Road London, E2 0AH

Payroll & Gift Aid: MOSES-BOLE & CO Professional Accountants / Tax Advisers and Business Management Consultants Unit 4L, Leroy House Business Centre 436 Essex Road London N1 3QP

Cross Street Baptist Church

TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2021

Charity Registration

After a period of preparation, the church became a registered charity on 8 April 2020 and is now a Charitable Incorporated Organisation (CIO) registered with the Charity Commission for England and Wales under Charity Registration Number 1188961.

Following registration with the Charity Commission the assets and liabilities were transferred from the old unincorporated church to the new CIO, the legal formalities of the transfer were completed on 30 September 2020.

The Charity Commission guidance on charity incorporation or change of status is that the reserves transferred from the old charity to the new charity are shown as grant income in the new charity. Hence the transfer of the bank balances at 8 April 2020 are shown as grant income and the receipts and payments for the periods 1 April to 8 April 2020 have been excluded from the receipts and payments analysis for the year shown in the accounts.

Aims and Purposes

The Pastor & Leadership Team lead Cross Street Baptist Church (CSBC), in furthering the whole mission of the Church; pastoral, evangelistic, social and ecumenical. The leadership as noted above are also specifically responsible for oversight of the Church in managing and maintaining its resources.

Objectives and Activities

The Church Leadership is committed to enabling as many people as possible to worship God and to become part of the community at CSBC. They oversee the range of activities that happen in and around the church, and strive to reach the many and varied groups that live in Islington and beyond.

The trustees have had due regard to the Charity Commission’s guidance on public benefit. CSBC’s public benefit is set out in the following paragraph and in the Achievements and Performance section of this report. It is shown through the enabling of ordinary people to live out their faith and to come together as a community through:

Worship and Prayer, learning about the Gospel and growing in their relationships with God.
Provision of pastoral care for people living in Islington.
Providing a hub for community activities, such as the Islington Centre for Refugees & Migrants, Support Groups and other Churches etc. that meet in the building.
Supporting national and international mission & outreach work.

To facilitate this work, it is important that the fabric of the Cross Street Baptist Church complex and the manse located at 14-18 Cross Street, London, N1 2BG is maintained.

Achievements and Performance

Due to the Covid-19 pandemic, many of the church’s usual activities and groups remained suspended for much of the financial year. After introducing safeguards and modifications to the building, Sunday services resumed on the 13[th] September but they ceased during the November lockdown and between the 10[th] January-7[th] March due to high infection rates. However, church attendance increased due to virtual participation in services and there was also good engagement with new life groups and prayer meetings hosted via Zoom. The Youth Group also held physical gatherings with high attendance during the periods when Sunday services were open. The Stay & Play and Craft Groups did not meet at all during this year but other community activities and life groups held virtual meetings. The church was therefore able to maintain effective fellowship and successfully negotiate this period, although it did not operate much as a community hub and mission or outreach opportunities were limited.

Cross Street Baptist Church

January 2022

Cross Street Baptist Church

TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2021

Worship and Prayer

Our main objective is for people to glorify God and experience his love, power and goodness. The worship team served as part of smaller units on Sunday mornings during periods when physical gatherings occurred. The church held other services via Zoom on Sunday mornings at 11am and ended the year with 40 adults and 25 young people attending physical gatherings, which had recently resumed. 25 adults were involved in mid-week Life Groups on Wednesdays-Saturday nights. Between 12-16 people attended Monday night prayer meetings on Zoom. These activities enabled attendees to grow in their relationships with God and to mutually support and pray for each other.

Pastoral Care

A Covid-19 Support Team was formed to assist with meeting the practical needs of members during the national lockdown and provide further comfort, encouragement and support. The worship team did not visit and minister to dementia patients at Mary Seacole House this year.

Community Hub

CSBC is a community church located in Islington’s Angel shopping district between the two main highstreets (Upper Street and Essex Road). It is surrounded by a mixture of social and private housing and has a local school to the rear. The church attempts to reach out to and serve this diverse and constantly changing community. It also has strong links with many other local churches and hosts ministers’ meetings and combined gatherings but these could not occur this year due to the pandemic.

The building acts as a hub for other churches, including an Ethiopian Church but they did not resume physical gatherings during this period. The Alcoholics Anonymous support group provided support to 15 people seeking to overcome addictions, in conformity with the legal limit for such gatherings, while the Narcotics Anonymous Group has yet to return. The Islington Centre for Migrants & Refugees also did not meet on weekdays, although they administered a donations scheme and virtual support & teaching services. The nursery occupying the rear hall continued to trade and served about 60 young children in the area. The church was not hired for extemporaneous purposes.

Mission & Outreach

Spreading the Gospel of Jesus Christ, His life, death and resurrection are fundamental to all that the church does. Opportunities for evangelism over the last year were limited and the church could not host any mission teams or its usual community events and activities. There was a reduced Christmas programme due to some activities being cancelled and the Carol Service was held during the usual Sunday morning service. A weekly prayer walk was established and this enabled a few members to offer prayer and witness to people within the local community during part of the year. The English Conversation Classes were held virtually with a much smaller pool of around 12 attendees. The Café had limited engagement with virtual gatherings although around 4 weekly participants were involved. The Stay & Play and Crafts’ Groups remained suspended as these activities necessitate shared use of objects during physical gatherings. The church had limited engagement with virtual Youth Groups but when physical gatherings occurred there were around 15 young people sharing food, discussions & support. A new virtual Junior Youth meeting started on Fridays and had about 10 attendees.

An LBA intern helped with Youth Work and Media projects at the church from November 2020. The church continued to collaborate with the Love Beyond Network and hosted an intern from September 2020, who assisted with practicalities, children’s work and relational support. 2 church members continue to lead the finance and nursing team at Egbe Hospital Revitalisation Project, Nigeria. The church also continued to support the work of Ben Harley’s Bamboo Bridge Charity for the disadvantaged in Vietnam and also provided a backdated contribution and continued support for Ewen MacDonald’s missionary work in Turkey.

Impact of Covid 19 Pandemic & Future Plans

Sunday services continued virtually at the start of the year, while new life groups and prayer meetings were established. There was increased engagement with internal church gatherings despite the fact that a few older

Cross Street Baptist Church

January 2022

Cross Street Baptist Church

TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2021

members were not able to participate. The introduction of a support team of volunteers helped to meet practical and relational needs of members and further improve church fellowship. However, there was lower participation from contacts outside the church in virtual gatherings and attendance for youth and community groups declined. The Craft and Stay & Play groups were also unable to transition to virtual meetings.

The church continued to receive the majority of its income from tenants, despite reduced usage in this fiscal year. Donors also gave generously, and operational expenses fell drastically so the church had a monthly surplus. Funds increased drastically in the latter half of 2020 and during 2021 after prior outlay on continued roof repairs and signage, sanitising products and adaptations to make the premises safe for the resumption of some activities in September. The church established reserves and these surplus funds will be used for essential repairs and improvements to the Manse.

Financial Review with Treasurer’s comments

This report has been prepared by the Treasurer and Leaders (acting as managing trustees of the Church) on a ‘Receipts and Payments’ basis under Section 133, Charities Act 2011. Such accounts will comprise of one or more receipts and payments accounts covering restricted and unrestricted funds and a statement of assets and liabilities, together with explanatory notes as recommended in guidance documents from The Charity Commission, the Baptist Union and the Association of Church Accountants & Treasurers (ACAT). This report is to be reviewed by an independent examiner.

As the church’s became a charitable incorporated organisation on 8 April 2020 the receipts and payments for the period 1 to 8 April 2020 together with the opening bank balance have been included as a grant / donation from the unregistered unincorporated church to the charitable incorporated organisation as required by the Charity Commission guidance on transfer / merger of charities. However, as the church year covers both periods the financial review below has been based on the full twelve months receipts and payments ignoring the opening bank balance included in income. The statement of financial activities (receipts and payments) includes additional memorandum columns for the full twelve months to 31 March 2021 and the comparative year.

The church’s income only reduced slightly to £112,859 for the 2019-20 fiscal year despite reductions in rental income from most tenants, although this was partially mitigated by a 5% increase in the rent due from the nursery. The Islington Centre and the Ethiopian Church continued to pay their previous rates of rent despite reduced usage but both groups have now started to pay far lower rates. Receipts from ordinary donations increased due to new donors and increased contributions but the income tax recoveries for the 2017-18 & 2018-2019 fiscal years were lower than the previous 2 years. 66.5% of income (£75,035) was received through rent, 23.1% (£26,032) came from donations and 10.4% (£11,788) from gift aid claims. Income from interest on savings/deposit accounts was very meagre.

Expenditure fell drastically to £77,662, which occurred primarily due to a lack of major maintenance projects, while ministry costs also fell sharply due to far reduced activities. As a result, salary and pension related costs represented 45.7% of expenditure (£33,181). Maintenance costs amounted to £15,544 (21.4%), while Insurance and Rates rose to £7,190 (9.9%) due to large water bills, which were suspended. Utility costs fell to £4,302 (5.9%), due to reduced consumption through activities but Administration rose to £3,589 (4.9%) due to IT investments. Gifts & Grants remained stable at £3,366 (4.6%), while Legal & Professional fees increased to £2,862 (3.9%) due to the church’s CIO registration and the pastor’s new MacBook Pro cost £1,824 (2.5%). Ministry expenses were only £804 (1.1%).

The church therefore had a surplus of £40,197 for this year. Reserves were re-established and large savings are held for repairs/improvements at the manse. The church has prospered financially during the Covid-19 pandemic due to extraordinary contributions from tenants and highly reduced costs. Nevertheless, rental income is likely to be lower next year, while ministry and maintenance costs will inevitably increase. It must be noted that this year’s surplus occurred due to exceptional circumstances.

Cross Street Baptist Church

January 2022

Cross Street Baptist Church

TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2021

Reserves Policy

The Church will have a surplus between income received and ordinary operational expenditure next year due to its high rental income. It is also insured for loss of rent from the nursery so the reserves target is calculated based on addressing major building repairs which may unexpectedly arise. The church trustees aim to hold £25,000 in reserve for this purpose. When deducting liabilities from cash fund assets there was £48,404 held in reserve at the year end, so reserves were at 193.6% of the target. Nevertheless, it is likely that major works at the Manse will reduce reserves significantly.

Structure, Governance and Management

The Beliefs, Values, Responsibilities & Rules of CSBC are contained in the CSBC CIO Constitution and the CSBC Fundamentals Member’s document. The leadership of CSBC consist of the Pastor and the Leadership Team. They meet at least every 2 months, and are responsible for the spiritual leadership, oversight and day-to-day administration of the Church, and act on behalf of the Church in between the Church Fellowship Meetings (CFMs). All important decisions affecting the church are made by the church membership present at CFMs, including the election/appointment of leaders, candidates submit details of their skills, experience, and faith for the wider membership to consider when electing new leaders.

Pastor Nestor Fernandez led the church for the full year reported. There were no new trustees appointed and the other managing trustees continued to serve in their existing roles.

Administrative Information

Registered Address

Cross Street Baptist Church 16-18 Cross Street Islington, N1 2BG

Cross Street Baptist Church functioned as a charity that is exempt from registration under Section 30 (2) (b) of the Charities Act 2011 during the first week of the year reported.

The Church was officially registered as a new Charitable Incorporated Organisation on the 08/04/2020 upon completion of the processes for registering as a CIO, number 1188961.

On the 30/09/2020, a transfer of assets & liabilities from the old unincorporated church to the new CIO charity was completed.

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Managing Trustees Property Trustees
Rev N. Fernandez (Minister) The London Baptist Property Board Ltd
Mrs L. Bold de Fernandez 235 Shaftesbury Avenue
Mr O. Fakolade London, WC2H 8EP
Mrs P. Neill
Miss S. Warbus
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Bankers

TSB Bank 404 Bethnal Green Road London, E2 0AH

Independent Examiner

James Lambden FCA CTA of Calculus Accountants and Tax Advisers Limited.

Cross Street Baptist Church

January 2022

Cross Street Baptist Church

TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2021

Responsible Trustees

The Trustees are responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The duly appointed members of the Board of Trustees who served during the fiscal year 2020-2021 were:

Rev N. Fernandez (Minister) Mrs L. Bold de Fernandez Mr O. Fakolade Mr P. Muthusami (Treasurer) Mrs P. Neill Miss S. Warbus

TRUSTEE SIGNATURES PRINTED NAMES DATE Nestor Fernandez Rev N. Fernandez Jan 17, 2022 Nestor Fernandez (Jan 17, 2022 12:20 GMT) Mr O Fakolade Jan 17, 2022 Olubunmi S Fakolade (Jan 17, 2022 12:25 GMT)

Cross Street Baptist Church

January 2022

Cross Street Baptist Church

Independent Examiner's Report to the Trustees of Cross Street Baptist Church

I report to the charity trustees on my examination of the receipts and payments accounts of the charity for the period ended 31 March 2021 which are set out on pages 8 to 14.

Responsibilities and basis of report

As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the charity’s receipts and payments accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

accounting records were not kept in respect of the charity as required by section 130 of the Act; or
the accounts do not accord with those records.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the receipts and payments accounts to be reached.

James Lambden FCA CTA

Calculus Accountants and Tax Advisers Limited Accountants 5 Priory Road Loughton Essex IG10 1AF

Date: Jan 17, 2022

Cross Street Baptist Church

CROSS STREET BAPTIST CHURCH

SECTION A: STATEMENT OF RECEIPTS & PAYMENTS FOR THE PERIOD 8TH APRIL 2020 TO 31ST MARCH 2021

GENERAL RECEIPTS AND PAYMENTS ACCOUNT

NOTES RECEIPTS Donations & Grants 2 Income Tax Recoveries Hiring of Premises 3 Mission Giving 4 Other Income 5	MEMORANDUM MEMORANDUM <------------ 8TH APRIL 2020 TO 31ST MARCH 2021 ------------> 12 MONTHS UNRESTRICTED ROOF LB FESTIVAL TOTAL TOTAL TOTAL FUND FUND FUND FUND FUND FUND 2021 2021 2021 2021 2021 2020 £ £ £ £ £ £ 41,595.97 - - 41,595.97 26,032.38 25,521.99 11,788.35 - - 11,788.35 11,788.35 12,615.67 68,382.51 - - 68,382.51 75,034.51 80,534.00 - - - - - 1,030.00 3.53 - - 3.53 3.54 17.37
Total Incoming Resources	121,770.36 - - 121,770.36 112,858.78 119,719.03
Asset Sales & Loans	- - - - - -
TOTAL RECEIPTS	121,770.36 - - 121,770.36 112,858.78 119,719.03
PAYMENTS Wages, Salaries, Pensions 6 Ministry Expenses 7 Rent, Insurance & Rates 8 Legal and Professional Fees 9 Repairs and Maintenance 10 Electricity & Gas 11 Aministration 12 Gifts and Grants 13	33,181.07 - - 33,181.07 33,181.07 32,782.59 804.02 - - 804.02 804.02 9,076.97 7,150.97 - - 7,150.97 7,189.98 6,446.52 2,862.00 - - 2,862.00 2,862.00 1,800.00 15,424.30 - - 15,424.30 15,544.30 70,623.90 4,301.98 - - 4,301.98 4,301.98 5,579.26 3,445.70 - - 3,445.70 3,588.69 2,573.95 3,365.70 - - 3,365.70 3,365.70 3,220.07
Total Resources Expended	70,535.74 - - 70,535.74 70,837.74 132,103.26
Asset Purchases 14 Loan Repayment 15	1,823.99 - - 1,823.99 1,823.99 - - - - - - -
TOTAL PAYMENTS	72,359.73 - - 72,359.73 72,661.73 132,103.26
Net Receipts/(Payments) Transfers Between Funds Cash Funds Brought Forward Funds of unregistered church	49,410.63 - - 49,410.63 40,197.05 (12,384.23) - - - - - - - - - - 9,213.58 21,597.81 - - - - -
Cash Funds Carried Forward	49,410.63 - - 49,410.63 49,410.63 9,213.58

There were no recognised gains or loses for the period other than those included in the statement of receipts & payments.

The notes on pages 10 to 14 form part of these accounts.

Cross Street Baptist Church

CROSS STREET BAPTIST CHURCH SECTION B: STATEMENT OF ASSETS & LIABILITIES FOR THE PERIOD ENDING 31ST MARCH 2021

UNRESTRICTED RESTRICTED ENDOWMENT FUNDS FUNDS FUND £ £ £ Cash Funds Cash in TSB Current Account 47,536.15 - - Cash in RBS Savings Account 79.41 - - Cash in LBPB Deposit Account 1,252.22 - - Cash held: Unbanked Offerings 412.11 Cash in Cash Float 130.74 - -
TOTAL 49,410.63 - -
Other Monetary Assets Tax refund on Gift Aid (est) 6,251.85 - - Overpayments - - -
TOTAL 6,251.85 - -
FUND ASSET COST CURRENT BELONGS TO VALUE £ £ Investment Assets LBPB Consolidations Endowment - -
TOTAL - -
Assets retained for use 16-18 Cross Street: Church - 3,637,773.00 16-18 Cross Street: Contents - 103,937.00 14 Cross Street Manse - 254,142.00
TOTAL - 3,995,852.00
Liabilities YEAR 2021 2020 PAYE 477.04 483.44 Pension 529.28 527.57 Outstanding Invoices - - Loans - -
TOTAL 1,006.32 1,011.01

TRUSTEE SIGNATURES Nestor Fernandez (Jan 17, 2022 12:20 GMT) Nestor Fernandez Olubunmi S Fakolade (Jan 17, 2022 12:25 GMT)	PRINTED NAMES DATE Rev N. Fernandez Mr O Fakolade Jan 17, 2022 Jan 17, 2022

Cross Street Baptist Church

CROSS STREET BAPTIST CHURCH SECTION C: NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 31ST MARCH 2021

1 Accounting Policies

1.1 Basis of Preparation of Accounts

The accounts are prepared on a 'Receipts & Payments' basis under Section 133 of the Charities Act 2011, the statement of assets and liabilities include assets listed at insured values. The results of the Charity operations are described in the Trustees' Report and are continuing.

1.2 Incoming Resources

Donations from Voluntary Sources

These are income from Tithes and Offerings which are included as incoming resources on receipt.

Gift Aid Repayment from Inland Revenue

Income received from the Inland Revenue authorities are tax reclaims on the donations of tax-paying members of the Church. These are expected to be included in donations from voluntary sources on receipt.

Charitable Trading Income

There is no Charitable trading income during this financial Year . Our Church Hall is only used to support our members and community for their functions.

Interest Income

Bank Interest received is included as incoming resources on receipt.

1.3 Value Added Tax (VAT)

Value Added Tax is not recoverable by the Charity and as such is included in the relevant cost in the Statement of Financial Activities (Receipts & Payments Account).

1.4 Resources Expended

Resources expended are included in the Statement of Financial Activities on a Receipts & Payments basis. Certain costs have been apportioned between direct charitable expenditure, management and administration on a basis consistent with the use of those resources.

1.5 Funds Accounting

Funds held by the Charity are:

Unrestricted General Fund - General Funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance to the general objectives of the charity and which have not been designated for other purposes.

Restricted Funds - Funds which were raised for particular restricted purposes and can only be used for those particular restricted purposes within the objectives of the Charity. The cost of raising and administering such funds are charged against the specific fund.

Investment income, gains and losses are allocated to the approprate fund.

Cross Street Baptist Church

CROSS STREET BAPTIST CHURCH NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 31ST MARCH 2021

RECEIPTS

2. DONATIONS & GRANTS Tithes & Offerings Fundraising Activities Income Tax Recoveries Legacies Grants - Transfer from unregistered church TOTAL 3. HIRING OF PREMISES Monkey Puzzle Angel Nursery Islington Centre for Refugees & Migrants Emmanuel Ethiopian Fellowship Alcoholics Anonymous Narcotics Anonymous Other Single Events TOTAL 4. MISSION GIVING Communion Fund Tear Fund BMS World Mission Home Mission Love Beyond Festival TOTAL 5. OTHER INCOME Current Account Interest Savings Account Interest LBPB Deposit Account Interest/Consolidations TOTAL TOTAL RECEIPTS	Unrestricted Fund 2021 £ 25,522.38 - 11,788.35 - 16,073.59 53,384.32 Unrestricted Fund 2021 £ 50,533.01 11,489.50 5,600.00 700.00 60.00 - 68,382.51 Unrestricted Fund 2021 £ - - - - - - Unrestricted Fund 2021 £ - - 3.53 3.53 121,770.36	Roof LB Festival Total Total Fund Fund Fund Fund 2021 2021 2021 2020 £ £ £ £ - - 25,522.38 24,946.28 - - - 575.71 - - 11,788.35 12,615.67 - - - - - - 16,073.59 - - - 53,384.32 38,137.66 Roof LB Festival Total Total Fund Fund Fund Fund 2021 2021 2021 2020 £ £ £ £ - - 50,533.01 52,500.00 - - 11,489.50 17,979.00 - - 5,600.00 6,720.00 - - 700.00 1,500.00 - - 60.00 1,125.00 - - - 710.00 - - 68,382.51 80,534.00 Roof LB Festival Total Total Fund Fund Fund Fund 2021 2021 2021 2020 £ £ £ £ - - - - - - - - - - - - - - - - - - - 1,030.00 - - - 1,030.00 Roof LB Festival Total Total Fund Fund Fund Fund 2021 2021 2021 2020 £ £ £ £ - - - - - - - 7.43 - - 3.53 9.94 - - 3.53 17.37 - - 121,770.36 119,719.03

Cross Street Baptist Church

CROSS STREET BAPTIST CHURCH NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 31ST MARCH 2021

PAYMENTS

6. STAFF COSTS Pastor`s Gross Stipend, Wages and Salary<br>Wage Payments Relating to Previous Year<br>Employer`s National Insurance & Tax Employer`s Pension Contribution Private Pension Scheme 6.1 NUMBER OF EMPLOYEES IN A YEAR: Minister Part-Time Minister 7. MINISTRY EXPENSES Travel & Subsistence Expenses Training Pastor's Conferences Literature Food Expenses/Hospitality Mission Activities Youth Worship & Media Guest Speakers 8. RENT, INSURANCE & RATES Fees attached to Renting Properties Insurance Water Rates Council Tax 9. LEGAL & PROFESSIONAL FEES Legal Fees Independent Examinations of Accounts Other Professional Services	Unrestricted Fund 2021 £ 21,076.22 - 5,768.88 6,335.97 - 33,181.07 Unrestricted Fund 2021 £ 50.00 - - - 321.91 25.29 332.15 74.67 - 804.02 Unrestricted Fund 2021 £ - 3,261.24 1,997.88 1,891.85 7,150.97 Unrestricted Fund 2021 £ 2,232.00 630.00 - 2,862.00	Roof LB Festival Fund Fund 2021 2021 £ £ - - - - - - - - - - - - Roof LB Festival Fund Fund 2021 2021 £ £ - - - - - - - - - - - - - - - - - - - - Roof LB Festival Fund Fund 2021 2021 £ £ - - - - - - - - - - Roof LB Festival Fund Fund 2021 2021 £ £ - - - - - - - -	Total Total Fund Fund 2021 2020 £ £ 21,076.22 20,838.93 - - 5,768.88 5,683.68 6,335.97 6,259.98 - - 33,181.07 32,782.59 This Year Last Year 2021 2020 1 1 0 0 1 1 Total Total Fund Fund 2021 2020 £ £ 50.00 860.00 - - - 299.00 - - 321.91 2,893.06 25.29 2,788.51 332.15 2,040.42 74.67 25.98 - 170.00 804.02 9,076.97 Total Total Fund Fund 2021 2020 £ £ - - 3,261.24 3,238.91 1,997.88 1,386.91 1,891.85 1,820.70 7,150.97 6,446.52 Total Total Fund Fund 2021 2020 £ £ 2,232.00 - 630.00 1,800.00 - - 2,862.00 1,800.00

Cross Street Baptist Church

CROSS STREET BAPTIST CHURCH NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 31ST MARCH 2021

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10. MAINTENANCE Unrestricted Roof LB Festival Total Total
Fund Fund Fund Fund Fund
2021 2021 2021 2021 2020
£ £ £ £ £
General Maintenance to Church 3,096.23 - - 3,096.23 4,794.02
Roof Replacement Projects 4,572.00 - - 4,572.00 49,652.76
Carpet Replacement 2,719.42 - - 2,719.42 -
Covid-19 Safety & Modifications 1,937.56 - - 1,937.56 -
Manse Maintenance & Improvements 1,768.22 - - 1,768.22 -
Manse Garage Entrance Replacement - - - - 9,050.00
Mezzanine Development - - - - 2,397.69
New Heaters - - - - 2,950.47
Heater Maintenance 474.00 - - 474.00 -
Cleaner & Cleaning Items 597.90 - - 597.90 1,498.96
Rubbish Disposals 258.97 - - 258.97 280.00
15,424.30 - - 15,424.30 70,623.90
11. UTILITIES Unrestricted Roof LB Festival Total Total
Fund Fund Fund Fund Fund
2021 2021 2021 2021 2020
£ £ £ £ £
Church Electricity 1,963.49 - - 1,963.49 2,700.36
Church Gas 1,174.49 - - 1,174.49 1,714.90
Manse Heating & Lighting 1,164.00 - - 1,164.00 1,164.00
4,301.98 - - 4,301.98 5,579.26
12. ADMINISTRATION Unrestricted Roof LB Festival Total Total
Fund Fund Fund Fund Fund
2021 2021 2021 2021 2020
£ £ £ £ £
Office Supplies, Printing & Publicity 442.13 - - 442.13 327.92
IT & Software 1,035.92 - - 1,035.92 -
Broadband 648.00 - - 648.00 650.10
Manse Telecommunications 701.77 - - 701.77 816.83
Subscriptions (CCLI, BU, LBA, EA) 617.88 - - 617.88 779.10
3,445.70 - - 3,445.70 2,573.95
13. GIFTS & GRANTS Unrestricted Roof LB Festival Total Total
Fund Fund Fund Fund Fund
2021 2021 2021 2021 2020
£ £ £ £ £
Communion Fund 100.00 - - 100.00 82.25
Turn Trust (Internships) 1,500.00 - - 1,500.00 -
Ewen MacDonald (Turkish Mission) 900.00 900.00 -
Ben Harley (Bamboo Bridge, Vietnam) 600.00 600.00 700.00
Life Festival - - - - 100.00
Love Beyond Festival - - - - 2,125.00
Home Mission- LBA - - - - -
Other Gifts & Causes 265.70 - - 265.70 212.82
3,365.70 - - 3,365.70 3,220.07
14 ASSET PURCHASES Unrestricted Roof LB Festival Total Total
Fund Fund Fund Fund Fund
2021 2021 2021 2021 2020
£ £ £ £ £
Pastor's MacBook 1,823.99 - - 1,823.99 -
1,823.99 - - 1,823.99 -
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Cross Street Baptist Church

CROSS STREET BAPTIST CHURCH NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 31ST MARCH 2021

15. LOAN REPAYMENTS Loan Costs TOTAL PAYMENTS 16. RELATED PARTY TRANSACTIONS No Life Festival (grants and gifts) Zoom Subscription 1 Cleaning 1	Unrestricted Fund 2021 £ - - 72,359.73 Unrestricted Fund 2021 £ - 143.88 345.00 488.88	Roof LB Festival Total Total Fund Fund Fund Fund 2021 2021 2021 2020 £ £ £ £ - - - - - - - - - - 72,359.73 132,103.26 Roof LB Festival Total Total Fund Fund Fund Fund 2021 2021 2021 2020 £ £ £ £ - - - 100.00 - - 143.88 - - - 345.00 1,245.00 - - 488.88 1,345.00

Prior to the period ending 31st March 2021, the leadership team had sought volunteers from within the congregation to clean the church and undertake this service at the agreed rate of pay. The only volunteer was Abigail Fernandez, Pastor Fernandez's daughter, and the non-connected trustees approved this arrangement. In addition Oluwaseyi Fakolade was reimbursed for the church's Zoom subscription.

17. TRUSTEES' EXPENSES No Travel 2 Ministry, activities and other 3 Manse light and heat Manse telephone and broadband	Unrestricted Fund 2021 £ 50.00 9,923.60 9,973.60 1,164.00 764.76 1,928.76	Roof LB Festival Fund Fund 2021 2021 £ £ - - - - - - - - - - - -	Total Total Fund Fund 2021 2020 £ £ 50.00 740.00 9,923.60 10,537.16 9,973.60 11,277.16 1,164.00 1,164.00 764.76 816.83 1,928.76 1,980.83

The trustees were reimbursed expenses incurred on behalf of the church in relation to travelling on church business, online purchases for the church and in respect of church ministry and activities. In addition, the pastor was re-imbursed a proportion of the light and heat costs of the manse and the cost of the telephone and broadband contract at the manse.

18. TRUSTEES' DONATIONS No Trustees & Related Parties 7	Unrestricted Fund 2021 £ 7,489.99	Roof LB Festival Fund Fund 2021 2021 £ £ - -	Total Total Fund Fund 2021 2020 £ £ 7,489.99 6,480.00

Cross Street Baptist Church

2022-01-17

Final Accounts 31-3-21 v1-2

Final Audit Report

Created: 2022-01-17 By: James Lambden (james.lambden@hotmail.co.uk) Status: Signed Transaction ID: CBJCHBCAABAAreASq80JisVj7u0dno_PGhP0iaOKoL_l

"Final Accounts 31-3-21 v1-2" History

Document created by James Lambden (james.lambden@hotmail.co.uk)

2022-01-17 - 10:30:23 GMT- IP address: 82.71.43.181

Document emailed to Nestor Fernandez (fnestor@email.com) for signature

2022-01-17 - 10:35:58 GMT

Email viewed by Nestor Fernandez (fnestor@email.com)

2022-01-17 - 11:40:46 GMT- IP address: 172.225.10.67

Document e-signed by Nestor Fernandez (fnestor@email.com)

Signature Date: 2022-01-17 - 12:20:21 GMT - Time Source: server- IP address: 81.106.46.125

Document emailed to Olubunmi S Fakolade (steve.fakolade@outlook.com) for signature 2022-01-17 - 12:20:24 GMT

Email viewed by Olubunmi S Fakolade (steve.fakolade@outlook.com) 2022-01-17 - 12:23:40 GMT- IP address: 176.26.165.129

Document e-signed by Olubunmi S Fakolade (steve.fakolade@outlook.com)

Signature Date: 2022-01-17 - 12:25:28 GMT - Time Source: server- IP address: 176.26.165.129

Document emailed to James Lambden (james.lambden@calculusaccountants.com) for signature 2022-01-17 - 12:25:31 GMT

Email viewed by James Lambden (james.lambden@calculusaccountants.com) 2022-01-17 - 13:03:12 GMT- IP address: 82.71.43.181

Document e-signed by James Lambden (james.lambden@calculusaccountants.com) Signature Date: 2022-01-17 - 13:04:46 GMT - Time Source: server- IP address: 82.71.43.181

Agreement completed. 2022-01-17 - 13:04:46 GMT