CROSS STREET BAPTIST CHURCH REG.NO:1188961 TRUSTEES. REPORT AND ACCOUNTS FOR THE YEAR ENDED 31ST MARCH, 2022 OSES-BOLE &CO CERTIFIED PROFESSIONAL ACCOUNTANTSITAX ADVISERS CHARTERED CERTIFIED FORENSIC ACCOUNTANTS & BUSINESS CHARTERED MANAGEMENT CONSULTANTS 39 SAINTS BRELADES COURT BALMES ROAD HACKNEY I ISLINGTON LONDON N15TW Tel: 07584075572
CROSS STREET BAPTIST CHURCH CONTENT Pa Legal and Administrative Infornlation Trustees. Report Indepandent Examlner"s Report to the Tn Statement of Financlal Activitles Balance sheet Notss fomilng part of the Financial Ststement 9_19
CROSS STREET BAPTIST CHURCH LEGAL AND ADMINISTATIVE INFORMATION Reglstered Office: Cross Street Baptist Church 16-18 Cross Street London N128G Managlng Trustses: Rev. N Fernandez (Ministsr) Mrs L Bold de Fernandez Mr O. Fakolade Mrs P. Neili Miss S. Warbus Miss C. Douglas (Treasurer) 1188961 Registered Charity No Bankers: TSB Bank 404 Bethnal Green Road London, E2 OAH Property Tru$teos.' The London Baptist Property Board Ltd 235 Shafteybury Avenue ndon, WC2H 8EP Accountsnts OSES-BOLE&CO Charterèd Certified Forensic Accountants Certified Professional Accountants l Tax Advisers and Business Chartered Management Consultants 39 Saints Brelades Court Balmes Road Hackney I Islington London N15TW Tel: 07584075572
// Cross Street Baptist Church STREET Aims and Purp08es The Pastor & Leadership Team lead Cross Street Baptist Church (CSBC). in furthering the whole mission of the Chuh-. pastor&l, evangelistic. social aT)d ecumellical. The leadership as noted above are also specifically reswnsible for oversight of the Church in managing and maintaining its resources. Objectiv£5 and Actlvities Th¢ church's ]nCIpal charitable Purpose is th¢ advancement of the Christian faith. We providc a public service of Christian worship. and also provide variou5 combinations of youth work, children's work, coff¢e shop. alph& course. etc The Church Leadei3hip is Committed to enabling as ntsny people as possible to worship God and to become part of the community at CSBC. They oversee the l'ange of activities that happen ID and arold the church and strive to reauh the many and varied groups that live in Islington and beyond. The trLlStees have bad due gard to the Charity Commission's guidance on public benefit. CSBC'S public benefit is s¢t out in the following paragraph and in the Achievements and Perforniance 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 th¢ Gospel and growing in their relationships with God. Provision of pastoral care for peopl¢ living in Islington. Providing a hub for ¢ommttnity activities, such as th¢ Islington Centre for Refugees & Migrants, Support Groupg and other Churches et¢. that meet in the building. Supporting national and iuternational mission & outreach work. To facilitate thi5 work, it is important that the fabric of the Cross Street Baptist Church complex and the manse located at 14-18 Cross StreeL London. Nl 2BG is maintain¢d. Achievements and Perfornianee On the 14th March 2021 the church re-opened Sunday services following government easing of Covid_19 restrictions and a low inf¢ction rates, attendance quickly increased wth majority of members 8nd visitors wclcoming a return to full in person s¢rvices. In early July the government r¢moved all legal Covid-19 restrictions, the church responded by re-establishing majority of seryic¢s and removing our own social distancing restrictions whilst still encouraging good hygiene practices. attcndance Continued to increase, those mor¢ vulnerabl¢ Continued to participats in oiw Sunday service remotely via Zoom which is now a pernianent fixture ensuring cveryone is able to worship with us. Stsy & Play and the Crnft group remailled suspended. The ¢huroh held an annual AGM ID the ft week of February 2022, wher¢ we were able to approv¢ both financial and trustees reports for 2022 _2021. the AGM was 8ttended by majority of church members. The youth group continued to enjoy a high attendance, junior youth group meeting wa8 also established, the Cafe resumed physical gathering and the church introduced outreach in form of prayer wall(s in the local area. Th¢ virtual prayer EDeetings that were established the previous year continued and the church also re- intr(Iduced in person monthly prayer night on the last Friday of every month. In 2021 the church w8S able to create and encourage fellowship, it re-opened as a community liub and has begun Te- establishinuT mission and outreach opportunities. Sunday services Sumed with all restrictions lifted on the 13 Septeber but they ce8sed during the November lockdown and between the l O January- 7YI due to higli infectiOT] rates. However. church attendance increased du¢ to virtual participation in servi¢es and thei'e was a]so good engagement with new life groups and prayer me¢titLgs hosted via Zoom. Cross Street B8Ptist Church 3110312022 INTERNAL
Cross Street Baptist Church STREET Swlsl Church Our church continues to give pastotxl care where we PTovid¢ further comfort, en¢our&gement, and suppo¢ through our life groups and com]nunity support outhach and leadership tsam. The church was happy to assist four tnembers to give their lives to Christ and held four baptisms in January 2022. Worship ondProyer The worship team h&s welcom¢d new m¢nibetE to support with 5tnging during Siinday services, the t¢a]n contiiiu¢s to lead worship for.%und&y services atLd other evcnts the churcll held throughout the year. The church held services oll Sunday mornings at I lam which are supported by zoom for all who are unable to attend tn person and ended the y¢ar 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 peopl¢ attended Monday night prayer meetings on Zoom. Regular prayer morning5 have been establishcd with 8- 10 adults in attendance for these serviees which are held between 6am - 7am w¢¢kday mornings. The ¢hur¢h has re-introduced monthly in-person night of prayer on the last Friday of the month. These activities enabled attendees to grow in their relationships with God and to mutually support and Pray for each other. commlty Hub CSBC is a community church locatcd in Islington's Angel shopping district betwee the two main higiistreets (Upper Street and Essex Road). It Is surrounded by a mixture of social and privat¢ housing and has a local School to the rear. The Church attempts to reach out to and serve this divers¢ &nd constantly changing community. It also has strong links with many other loca] churches and host$ ministers, meetings and combin¢d gatherings. The building acts as a hub for other churches, including an Ethiopian Church and a Spanish Spcaking Church that holds services on Saturday's. The Alcoholics Anonymous support 0Up provided support to 30 - 40 Ople seeking to overcom¢ addictions. The Isling(on Centre for Migrants & Refugees also resumed meeting OD weekdays. providing support and advice for refugees and migrants. The nursery occupying th¢ rear hatl Continued to trade and served about 60 young Children in the arca. The church was not hired for extempornneous PUTposes. Miysion & Outreach Spreading the Gospel of lesus Chris¢ His life. death and resunY¢tion are fundamental to all that the church do¢s. As the ¢hurch continued to re-establish in person services and 8¢tivities, we continue to look for opportunities for evangelism. A Christinas Larol Servi¢e was held during the usual Sunday moming servi¢e. A weekly prayer watk was established and this enabled a few memb¢rs to offer prayer and witness to people within the local community during part of the year. A Bibl¢ study group lesson teaching th¢ology was introduced in NoY¢mb¢r and continues to have around l O att¢nde¢5. The Cafe has seen engagement stsadily iise with a diverse group of peopl¢ from the church and wider local community attending. Th¢ Stay & Play group remained Suspended. The church Youth Groups gatherings had around 15 - 16 young people sharing f(x)d. discusskons & suppoit. A new Junior Youth m¢etÉng started on Fridays and had about l O attendees. The LBA internship ended in May 2021 with Youth Work and Media prOjts at th¢ church strengthened by the support given including the cr¢ation of a uew website for the church. The chur¢h collaboration with the Lov¢ Beyond Network continues and the ifttern we are supporting continues to support the church. with chilthYn'5 WO and relational support, as well as all other attivities. The church also continued to support the work of Ben Harley's Bamboo 13ridge Charity for the disadvantag¢d in Vietnam and also pmvid¢d a backdated contribution and continued support for Ewen MacDonald's missionary work in l urkey. Future Plans Sunday services continue to be well attended and the church has welcome new members, hosted several guest speakers and continucd to hold Virttl and in-person life groups and prayer meetings. The chwrh intends to ¢xploi'e ways of increasing evangelism and outreach. The support team of volunt¢ers helped to meet practical and relational needs of m¢mb¢rs and further improve chUh fellowship. The ohurch continued to receive most of its income from tenants, d¢spite reduced usage in this fiscal year. Dot)ors also gave generously. and operatinnal expenses f¢ll dTastically so the church had a large montlily surylus. Funds increased 2021 which help the ¢hurch to continue its mission to bring people Cross Strcrt Bapiist Church 51103f2022 INTERNAL
Cross Street Baptist Church lives to Christ. The ChUh maintsins the plans to improve the premises each year making a welcoming and warni place to worship. The church approved the plans for the essential repairs and improvements to the Manse early 2022. Financial Review with Treasurer's comments This a¢Ut is prepared under SORP 102 ((2015) using the accThal basis, Charity Act 2011. Such accounts will compris¢ of one or more receipts and payments accounts covering restrictcd and unrestricted funds and a statement of assets and liabilities, together with explanatory notes as recotnmended in guidance documents from The Charity CommissioD. the Baptist Union and the Association of Church Accountants & Treasurers (ACAI"). This t¢port is to be reviewed by an indeFndent examiner. The church's income decr¢as¢d by £8,071.79 for the 2021-22 fiscal year due to less operaling hours from thc church tenants, 14owever there has been a 50/0 in¢rease in the rent due from the nursery. The Islington Centre and the Ethiopian Church continued to pay their previous rat¢5 of renL Receipts from ordinary donations increased du¢ to the generosity of church members. The illcome from tax Tecoveries for the 2019_2020 & 2020-2021 fiscal years are still to be claim¢d. 66.OOf* /0 of income (£75.206.48) was r¢ceived through rent, 34.00% (£38,290.91) caine from grants and donations. Income from int¢rest on SavIngd¢>S1t accouots was very meagre. Expenditur¢ increased by £15,991.86, which occurred primarily due to th¢ church r¢-opening after the pandemic, maintenancey projects, ministry and other activities resuming. Salary and pension r¢lat¢d costs represented the highest expenditttre. RepaiF3 and maintenanc¢. insurance and rdte are next thc highest expenditu$. Due to th¢ re-opening of the Church all expenditures costs increased relatively. The church surplus decreased to £15,423.35 for this year. Reserves were re-established and large savings are held for repaIrImprOveMents at the manse. The church has remained fin&nciaIly stable this year in-spite ofthe increased expenditure. Rentsl income is likely to be highernextyear, whil¢ ministy, maintenance and utility costs will inevitably increase. ReserYe5 Policy The Church will have a SUTplus between income received and ordinary operational expenditure next year due to its high rentsl income. It is also insured for loss of rent from the nursery so the r¢serves target is ealculated b&sed on addressing major building repairs which may unexpectedly arise. The church trustees aim to hold £25,000 in reseTve for this purpose. Nevertheless, it is likely that major works at the Manse will reduce reserves significantly next year. Strncthre, Governxnce and Management The Beliefs, Values. Responsibiliti¢s & Rules of CSBC are contained in the CSBC CIO Constitution and the CSBC Fulldam¢ntals Member's document. Th¢ l¢adership of CSBC consist of th¢ Pastor and the L¢ader8hip Team. They meet at least every 2 months, and are respon8ible for the spiritual leadership, oversight attd daY-tdaY 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 ¢hur¢h m¢mbership present at CFMS, including the ele¢tion/ap]x)intment of leaders. Pastor Nestor Femandez led the chur¢h for the full year rep)rt¢d. A new tru,stse was appointsd (Carolyn Douglas). Mr P Muthusami served for half of the ycar and the other managing trnstees continucd to serve in their existing roles. Cross Street Baptist Churdj 3J10312ff22 INTERNAL
Cross Street Baptist Church TRE Administrative InforniatioD Registered Addre85 Cross Street Baptist Church 1 &18 Cross Street Islington. Nl 2BG Cross Street Baptist chUh functioned as a charity that 15 exempt from registration under Section 30 (2) (b) of the Charities Act 2011 during the first week of the year reEK)rted. The Church was officially registered as a new CIO on the 08104f2020 upon Completion of the due processes for registering as a cio. Managing Tntee5 Rev N. Fernandez (Minister) Mrs L. Bold de F¢rnand¥£ Mr O. Fakolade Mrs P. Neill Miss S. Warbus Miss C Douglas Property Trllstee8 llle London Baptist Property Board Ltd 235 Shaftesbury Avenlle London. WC2H 8EP Bgnkers TSB Bank 404 Bethn21 Green Road London. E2 OAH IndependeDt ExAmiDer Moses O E IgunTrubole. BA(Hons.). FAIA. CPFA. FCPA. FFA.. Fellow Association International Accountants Responsible Trustees Tlie Trustees are responsiblc for safeguarding the assets of the charity and henc¢ for taking reasonabk st¢ps for the prevention and detection of fraud and other IgularitieS. The duly apw>inted membcrs of the Board of Trustees who served during the fiscal year 2021-2022 were.. Rev N. Fernandez (Minister) Mrs L. Bold d¢ Fernandez Mr O. Fakolade (Secretary) Mrs P. Neill Miss S. Warbus Miss C Douglas (Treasurer) TRUSTEE SIGNATURES PRtNTED NAMES DATE IJ zo2 Cross Street Bwist Chwrh 3110312022 IERNAL
MOSES-BOLE & CO INDEPENDENT EXAMINER'S REPORT TO ThE TRUSTEES OF CROSS STREET BAPTIST CHURCH PrGfp5%--oF.Jl AfcJuritants ind Gusine55 Managernentconsultants I report on the accounts of the charTty for the year ended 31st March 2022, which are set out below and notes to the financial statements on pages 9 to 19 Respective responsibilities of Trustees and Examiners As the Charrvs Trustees, you are responsible for the preparation of the accounts,. you consider that an audit is not required for this year (under section 144121 of the Charity Act 2011lthe 2011 act) and that an independent examination is needed. It is my responsibility to Examine the atcount (under section 145 of the Act); follow the procedures laid down in the General Directions given by the Charity. Commission {under settion 145{51 (b) of the 2011 Att and State whether particular matters have come to my attention. Basls of Independent Examinerfs report My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as the Trustees concerning any such matters. The procedures undertaken do not provide all theevidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a "true and fair view" and the report is limited to those matters set out in the statement below. Independent Examinerfs Statements In connettion with the examination. no matter has come to my attention-. - l) Which give me reasonable cause to believe that in any material respett the requirement5 To keep accounting records in accordance wtth settion 130 of the 2011 Att,. To prepare accounts which accord with the accounting records and to complywith the accounting requirements of the 2011 Act have not been met or 2) To which, in my opinion, attention should be drawn to enable a proper understanding of the accounts to be reached Mose5 0 E Igunnubole. BA IHONS.J, FAI4 CPF4 FFA Managing Principal MOSES-BOLE&CO FCPA FIC... Chartered Certified Forensic Accountan Certified ProfessionulAccountants and Business Chartered Monogement Consultonts OA TE." 2022. o( Tell +44 1012077(>$2525 Email:. Thkne5bok@?oLiom LmFHoupBu5inÈss CeDtre,Unir Fax'44 10,. 20 7ii4Y3i Web ¥Y*wSe$•C4kn 436ESSEXRoad 1511nOn l= 4-L
TREET BAPTIST CHURCH STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH. 2022 R8Jlitraed Unrestric* income EndohTr2ni FurKts Funds FUM Incoming re8ourc•s Incom6 and endowmont8 from.. Donations and legacies Charitable activities Total R•$ourcos expend•d Expendlture on: Direct Cost Support Cost Governa& Cost Total Tc¢al Funds 38.290.91 75,408.30 113,699.21 38,290.91 75,408.30 113,699.21 53,384 68,387 121,771 43,603.99 52,821.87 2,050.00 98,275.86 43.603 99 52,62187 2,050.00 98.275.86 43,636 35,786 2,862 82,284 Net mov•ment in funds 15,423.36 15.423.35 39,487 Re¢onclll8tion of funds: Total funds brought foMard Nel movgmenl in funds as shown above Total funds ¢arrled forward 4.OH,256 31 15,423.35 4,059,679.66 4,044,256.31 15,423.35 4,059.679.66 4,004.769 39.487 4,044,256
CROSS ST EET BAPTI TCHURCH BALANCE SHEET AS AT 31sr MARCH zoz2 Not88 UnrestriGtsd Funds Restricw End incomè ment Funds Funds Total Last Year FL%8d assets Tangible as8ets Total fixed ?5sets Totsl FurKts 3,979,196.60 3,979.196.80 3.979,196.60 3,995,852 3,979.196.60 3,995,852 Current assets Cash at bank and in hand Total cvrrent assgts 81,808.06 81808.06 81,808.06 81 808.06 49.410 Cr•ditors." at$ falling due within 1 yr. Net current assgtsllliabiliti8sl 1,325.00 1,325.00 1.006 80.483.06 Totsl a$ts knss curr6nt liabilit$ 80.483.06 48A04 4.059 879.e6 4 059,679.86 Total net assets or {li8bllitiasl 4 059.879.66 4 059.679.66 4.044 2S6 Funds of the Charity Unrestri¢ted funds Tolal funds 4 059,679.86 4 059 679.66 4,059.679.66 4.044.256 4 OS9 679.86 4,044.256 Signed by one or trusiees on behalf of all th& trustses". Sign8tEtre'. CthoL Date of approval.. 11-01-2013 FEWtrt C¥AOLYN Sk) I i /0 i / ioii Print Name.
CROSS STREET BAPTIST CHURCH NOTE TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH, 2022 Mot• 1 Ba819 of pr•paration 1.1 8a¥l¥ Of a¢cothtlng These 8ccounls have b prwrnd und8rth& h18t01 cost convention wrth rtems racognised al cost or transaction value unl&8S Othe[v Stat1 in the r61evant note($) to thes8 acwunls The accounts have t)88n prepar8(J In actordano ith th• Finantsal Repoibn9 Stsndard appfveable the UK and Republlc of Inland IFRS11f2) issued on 16 Juty 2014 with Ihe Charilt•8 Act 2011 and the Charity con8tutes a wb4c benefft as deljned by FRS102. 1.2 Oolno conc•rn Conslderlng th• $ts4d l•v•lof Incomlno r•swrw •ndm•mbernNp numb•rth• a qolng con¢8rn with no •ny known tsnfor•s# clreumstanc8 1.3 Ch•nq• of accounting pollcy Th¥ ac¢ounls pr&sent a InJ8 and tsir vlow and thxounkng th adoptsd are oullined tho note Vthh no ¢han9e in policy 1.4 Chang•• to •e¢ountln9 ••tlnt•• No change$ Accountlng M&le$ have ¢)crr•I tn th& reptrn9 Pèrfod (3.46 FRS 102 SORP). 1.5 Mat•rfal prlor y••r •fftiv• No merfal prtor year ¢Thor hav• b8¢n lfied In the reportlng perfv)d13.47 FRS 102 SORPI.
CROSS STREET BAPTIST CHURCH NOTE TO THE ACCOUNTS Not• 2 CONT'DI FOR THE YEAR ENDED 31ST MARCH, 2022 Accountlng pollcles 2.1 RECONCILIATION WITH PREVIOUS GENERALLY ACCEPTED ACCOUNTING PRACTICE There 58 no change in a¢counth'ng poltcy in this peliod 2.2 INCOME This standard list of aco)unting pollaes has bean applied by the charty except for those ti¢ked No or "Nla" Where a different or additional policy has been adopted then this is detail&d in the box below. R•cognltl•>n of Incom• These are included the Statement of Financial Activth'es ISOFAI when. the charty becomes ontrtlecl to the resoLtrces'. 11 is more likely than ttot that the trustees wll receive the resources.. and . tt)e monet8ry value be measured with sufficient reliabillty. Olf#•ttlng There has bèen no offsetttng of assets and liabilities, or income and expenses. Grants and donatlon• Grants and donations are only included in the SOFA when the gengral Income recognition criteria are mel (5.10 to 5.12 FRS 102 SORP). In the case of perfoTmancè related grants. income must only be igcognised to the extent that the charity has provided the specified good$ or services as entitlement lo the grant only o¢xtsrs when the performance related conditions arts mèl15.16 FRS 102 SORPI. Lagaeles There is no legacy received during thi8 period. Governm•nt grants No govemment giant wa8 eiVed during this perio(l. Tax roclalms on donallons and glfts Gift Aid re1vable is induded in inc4)me when there is 8 valid ded8ration from the donor. Any Gift Aid amount iecovered on a donation 18 considered lo be p8rt of that grft and is tr8ated 88 an ad(Jrtion to the same fund as the Inrtial donation unless the dor)or or the terms of the appeal have 8pe¢ffied otherwise. Contractual Ineomo and p•rfomianc• r•lat•d grants This 18 not appli¢able Donatod goods There is no donat good. Donat•d sonrJc•s and fa¢llltl•# Donated services and faalities are included in the SOFA whèn ceiVed at the valtse of the glft to the charity provided the value of the gift can be measured reliably. Donated services and facilities that ale consumed irnmedialely are re¢ognised as income Mlh an 6quivalont amount reeognised as an expense undw the appropriats heading in the SOFA. Support ¢osts The ¢h&rity has incurrèd expenditure on support co$ls. 10
Voluntoor h•lp The value of any vo5untary help receIJ is induded in the accounts but is described in the trustees, annual report. Incom• from Interes4 royattl•s •nd dlvld•nds These are recogniseil as and when re¢xived Incomo from m•mb•Y¥hlp sub8Grlptlons rithes and offèring received from the mombers ar8 in the nature of a gift arp rwnisad 88 Don808. and Leg8Ci&¥ 8•ttl••h•nt of IMurnne• . NONE InSurar claims are only induded in the SOFA vknen the IrwYi8 recognttron uitwia are mgt {5.10 10 5.12 FRS 102 SORP) atKI arè indLKled as an ilom of oll)er incThn8 in the SOFA. Inv••tm•nt yain and IoM•g This include$ any realised or unrealised gains (x108688 on the Sale of inv&stments and any galn or 1095 resulting from revaluing investments to market ¥u• at the end of th• yoar tsjt no this p8rfcrfJ 2.3 EXPENDITURE AND LIABILITies Llablllty r•eo9nltlon Liabilities ale recognised ¥thgr8 it IB more likety than not that there18 418gal or con8tructtve obligth'on committing the charty to pay out resources and the amourt d Ihe obligation can bè measured wth reasonable c&rtainty. aov•man¢• and support ¢o•t• Support cost3 have been all¢xaled bewn govomance cL)$ls and other 8UPPOrt. Govemance cost$ compri8e all c081s involving public accountabilty of the charity and rts coMlance with regulation and good pr8¢tic¢. Supm co$ls indude central fvnclions and have been all¢xated to 8CtNty c08t ¢alegon•8 on a basis consistent with the uso of resourc88, 89 alloc8ting proFerty ¢xJsls by floor aieas. Ix ptrr capita, 8laff Costs by the time spent and other costs by their u•w. Grnnts wlth p•rlomianc• C••MIIIIo The Charity is not awarding grant to any ofganrBation Grant• payabl• wlthout p•rfonbWK• ¢ondltlon• Where there are no conditions 8tta¢hin9 lo the grant that 8nabls th& donor canty lo rg8listr¢ally avoid the commitment. a li8bilily for the fvll fundirg Obl810n must recw1. R•dund•ney cost The charity made no redundancy paymtsnts during tho reporttng 0d. D•f•rr•d In¢om• No materi81 item of deferred irwnts has boon knduded in the awint8. Cr•dltor• The charity has creditors whkh are measur8¢1 at 8ellJement amounts kn any trade discounts Provlslon• for Ilabllitl•s A liability is rneasurèd on recognition at ts historlcal (*St and th&n subsequentty moasured at the ba$1 eslim81e of th6 amtyjnt required to 8ettle the obligation at reportfng dale li
14 ASSETS Tanglbl• fix•d assets ft•r by charlty The8e are caprtal1sI ifthey can be used for more than ty)e year. and at le8St They are valued 8t cost The depreciation rates and metws used are dr8d08e(1 in not6 7. Intanglble flx•d a•s•ts The charity has no intsngibte fixed assets, that is. r70n-monetary assets th8t do not have physic41 substance but are identifiable and are controlled by the ¢harty through oJ$ltrJy 01 al Jights. The am0sation rates and methtxls usfjd are disd088d in note 7. They are v81Lted at cost. H•rftag• a•¥•ts Thè charity has no herrtage assets, that is. n0Monetary assets W7th hl$loric. artistic. scientific, technological. geophysi or environntaJ qu81rts that are held 8nd rnaintained principally lor th•lr conlribthion lo knoadge an¢J culluro. The depreoob.on rat88 arKI methods u88d 8$ disclosed in note 16 18 rtol appli¢able during this period but if available they aro valLd al o)8t Inv••tm•nt• . Th•r• Is no li1v••t In quot•d •har•s •te. FL%ed asset investments in quoted 8hares, trade(I bonds and similar Investménts 8r• valued al inth.aty at cost and Subsequently at fair value (their market valué) al lh8 year end. The same troarmont is applled lo unlisted Inve$lmgnt8 unJ•ss fatr vduo nn0t b• m8a8ur¥d r•lW in whkh ¢889 tt i¥ moasured al ¢08t leBS impailment. Investment$ held for resale or pending their 88le and cash Ind cash eqUr¥8nts g m8turity dat8 of less than 1 year are Ireat¢d as current a8$ ¥88nentS D•btorn Debtors (including trod8 (Joblor8 and loans recervable) are measured on initlol iwnition at selllement 8mount after any trade dls¢tyJnts or amount advanced by th chwity. Sub80quentty. they are mtrawred at the ca8h or oth•r Con8•18"0n expethd to be rtteived. Curr•nt ••8•t Inv•*tm•n¢• Tha charity has no Inv68tments which il holds for res8 Of pentJin9 their 8th and c&8h and cash equivalents with g ry18lurity d8le lès8 than on• year. These indude cash on deposrt and cash equivalents with a maiurity data of less than one year held for inve$lm8ni Pu1$e9 rather than to meet short lem ca8h (#)mmitmenls 89 they lall due. They arè valued at fair v8lu& except where they qualify 88 basic finan¢ial instruments. POLICIIS ADOPTeD ADDITIONAL TO OR OIPPaReMT FROM THO•E Aaove Thor& a no any other polScies adopted.
CROSS STREET BAPT18T CHU NOTE TO THE ACCOUNTS Mots3 CONT'D Analy$ls of incom• CH FOR THE YEAR ENDED 31ST MARCH. 2022 Atha5 Restrlcted End¢)w UnTr8trfct•d Inc¢)me Funds FurKIs Prlor Oonations attd GrnMt8 rilhes & Offering$ Grants Irwme Tax Recoveries r¢)tal Fund& Funds Fund 34,090.91 4,200.00 $4.09).91 4200.00 25,522 16,074 11.788 52,384 Total 38.290.91 eharlt•ble a¢tlvltlo Other- Rental Income ijther- Interest Income. elc. Total 38,290.91 75.206.48 201.82 75.408.30 75.20G.48 20182 75.408.30 88,383 TOTAL INCOM 68,387 113,699.21 113,699.21 121.771 AII ID¢om• In th• Prfor was T•strICt• •xc•w for. Ipl•as• provid• d•s¢rtptlon nd amounts) NONE IVhgr• ary •ndowm•nt is ¢onrt•d Inlo its th• p•rfod> pl•a¥• glvg the •*SW for th• comv•r•loh. XONE Vfrthln t1 Ineome Items abov• th• fojlowlnB it•m8 #re te%1. IpJ••w dl$clos• th• notur•, amoun¢ •nd w Prforygar 14mount8)". Nome 13
CROSS STREET BAPTIST CHURCH NOTE TO THE ACCOUNTS Not• 4 CONT'D Analysis ol •xp•ndltur• FOR THE YEAR ENDED 31ST MARCH. 2022 Analysis of •xpondituro DIRECT COST ission Support Trustee5' Expenses Worship & Media Expenses Youth Evangelism Mission Honourarium Communion Giving StipendslWlowances/ Salaries Trainingl Conferen1 CongTes51Seminars Sm8rt Pension HMRIPAYE & NIC I Restrl¢t•d Unre8trictèd income Fund8 Funds Endowmei Fund$ Prlor y&ar Fund8 Total Funds 4,925.00 1.437.72 1,298.83 1,929.87 175.00 500.00 21,544.86 672.09 5.873.48 5,247.44 4,925.00 1.437 72 1.2g8.83 1.929.87 175.00 500.00 21,544.56 672.09 5,873.48 6,247.44 25 9,923 75 332 21,076 6,338 5.769 SUPPORT COST ¢le8nirG & Pest Control Welfare, Gifts & Donations Water Rate Council Tax Repairs, rnaintenance and Renewals Printing, Po8tao& and Stationary Telephone & Intemet jTISofre Expenses InSurancelParkinglLinCe5 Transport & Travel Expenses Subscriptions Refreshment and Entertainment Oepwialion ofAssels Electricity, Gas.Fuel 8nd Oil Manse ITelecDmmuni¢ationl Manse (Heating & Ughtingl Covid_19 Expenses Equipment Expensed 43 003.99 43,603.99 43,636 2.6g1.43 453.80 162.61 2,004.61 7,475.48 1,599.36 771.40 1,926.42 6,992.57 591.80 1,290.04 989.33 20,570.40 3,392.26 576.56 1,164.00 2,691.43 453.80 182.61 2,004 81 7,475 48 1,599.36 771.40 1,926.42 6.992.57 591.60 1.290.04 959.33 20,570.40 3.392.26 576.56 1,164.00 857 3,266 1,998 1,892 12,631 442 1,036 3,261 50 618 322 3,138 702 7,164 1,938 1,824 62.621.87 62,621.87 35,786 YOTAL EXPENDITURE 96.226.88 56,225.88 79,422 14
ROSS STREET 8APTIST CHURCH NOTE TO THE ACCOUNTS Note S talls of eertatn Item• rf •XPIll 5.1 Fees forexarnin8tron of lh8 ac£ounts Pjease providts detai18 oftha arnnt forany st8ttth1ry ex 8QWI"ryofaco)urts and oth&r services provi¢led by your indepethltrNW. Ifncthiw4 Wasp pkne ty'o. in th8 apprcvnate box(esl. CONfDI FOR THE YEAR ENOEO 31ST MARCH. 2022 Ind8ptht8Y2min8¢8 fees This Y•ar La•tyoar Legal & Profe86tonal F8 630. Legal Flling Fe88 725.C 2.232.00 Oth•rfee¥ Ifor•xarntye.' finBndd knic•. ts)M¢rfy. acwJnl8ncy 8wc••F 125.C4J 2.060.00 2,862.00 Is
CROSS STREET BAPTISTCHURCH NOTE TO THE ACCOUNTS Note 6 Paid employees CONT'D FOR THE YEAR ENDED 31ST MARCH, 2022 Please complete this note if the ¢harity has any employees. 6.1 Staff Costs This Year Salaries and wages Social security costs Pension costs {defi'ned Other employee benefits Totsi Staff costs Last Year 21,544.56 5,247.44 5,873.48 21,076 5,769 6,336 32,665.48 33.181 Please provide details of expenditure on staff working for th6 charity whose contracts are with and are paid by a related party Please give details of the number of employees whos6 total employee benefits (excluding employer pension costs) fell within each band of £10.000 from £60,000 upwards. If there are no such transactions, please enter 'true' in the box provided. No employees received employee benefits (exGluding employer pension costs) for the reporting period of more than £60.000 Band £60,000 to £70,000 to £80,000 to £90,000 to £100.000 to Number of employees NIL NIL NIL NIL NIL 16
CROSS STREET BAPTIST CHURCH NOTE TO THEACCOUNrs Notg 7 CONT'D Tanglbl• fixod as8•ts FOR THE YEAR ENDED 31ST MARCH, 2022 Freehold lantj & bulldings Equlpment, Fvmlture & FJttings land & bulldlngs Total 2021 At th• beginning oflhe year Additlon$ 3,837.773.00 254.142.Ixt 103,937.00 3,995,88ZIJO 3,915.00 3.996,862 Disp0581s 3.915.00 At end of the year 3.837 773.00 2S4,142.00 7.2 DepreCIaOn and Impalments 'Basis Fteehold Propety Motor Vehicle Fixtures & Ftiings Church Equipment Computer Equipment 107 862.00 3,999,767.00 3,995,852 20% 20% Straight Line Method Straight Line Method Stralght Line Method Strai ht Line Method Rate At beginning of the year Disposals Deprecption Impaitment Transfers" IAdd or Deducti At end of the year 20,570.40 20,570.40 7.3 Net Ik valu Net book value at the be9inning of the Yr. Nèt bcM)k value at the end of the y6aT 20 670.410 20.670AO 3,837,773.00 3 637,773.00 264,142.00 264,142.00 101937.00 4996,852.00 87.281.60 3,979,196.60 3,995.852 3,995,852 17
CROSS STREET BAPTIST CHURCH NOTE TO THE ACCOUNTS CONfD Note 8 Cr•dltors and a¢cruals FOR THE YEAR ENDED 31ST MARCH 2022 ounls within 2022 fallin e after more anon due 2021 2022 2021 Accrued Professional Fees HMRC {PAYE} Pension Total 1,325.00 477 529 1,006 1,325.00 18
CROSS STREET 8APTIST CHURCH NOTE TO THE ACCOUNTS (CONT'D Note 9 FOR THE YEAR ENDED 31ST MARCH, 2022 Cash at bank and In hand Cash-on-hand Cutrenl Aecounl Deposit with TSB Deposit with LBPB RBS Savings Account Total This Year Last Year 238.09 60,305.93 20,009.04 1,255.00 543 47,536 1,252 79 49,410 81.808.06 19