CROSS STREET BAPTIST CHURCH TRUSTEES. REPORT AND ACCOUNTS FOR THE YEAR ENDED 31ST MARCH, 2023 MOSES-BOLE &CO CHARTERED CERTIFIED FORENSIC ACCOUNTANTS CERTIFIED PROFESSIONAL ACCOUNTANTSITAX ADVISERS AND BUSINESS CHARTERED MANAGEMENT CONSULTANTS 39 SAINTS BRELADES COURT BALMES ROAD ISLINGTONIHACKNEY, LONDON N1 5TW Tel: 020 7923 4660 Mobile: 075 8407 5572
CROSS STREET BAPTIST CHURCH CONTENT Pa Trnstees and Advisers Trustees. Report Independent Examlner's Report to the Trustees Statement of Flnancial Activltles Balance sheet Notes fomilng part of the Financlal Statement 7-17
CROSS STREET BAPTIST CHURCH LEGAL AND ADMINISTATIVE INFORMATION Reglstered Office: Cross Street Baptist Church 16-18 Cross Street London N128G Managing Trustees: Rev. N Fernandez (Minlster) Mrs L Bold de Fernandez Mr O. Fakolade Mrs P. Neili Miss S. Warbus Reglstered Charity No 1188961 Bankers: TSB Bank 404 Bethnal Green Road London, E2 OAH Accovntants MOSES-80LE&CO Chartered Certified Forensic Accountants Certified Professional Accountants and Business Chartered Management Consuttants 39 Saints Brelades Court Balmes Road IslingtonlHackney, London N15TW
Cross Street Baptist Church TRE Alms aud Purposes Pl11ChTth The P&tor & L¢ad¢rship Team lead Cr05s Street Baptist Church {CSBC), in furthering the whole mission of the Church.. pastor, evangelistic, social and e¢umenical. The leadership as noted aknv¢ are also specificaIly responsible for overnight of the Church in managing and Maintaining its resources. Objectives and Activities The church's wincipal charitable puTws¢ is the advancement of the Christian f&ith. We provide a public service ofchristian worship, and also provide vartous ¢ombinations of youth Work. children's work. coffe¢ shop, a]pha COUTse, e The Church Leadehip is committed to enabling as many people as possible to worship God and to become part of th¢ community at CSBC. They oversee the rangc of aetivities that happen in and around the church and strive to reach the many and vatied groups thar live in Islington and beyond. The tnLStees have had due regaTd to the Charity Commission's guidance on public benefit. CSBC'S public benefit is set out in the following paragrdph and in the Achiev¢ments and Performance section of this Teport. It is shown through the ¢nabling of ordinary people to live out their faith and to com¢ together as a community through.. W0h]p and Prnyer, learning aknut the Gospel and grDwing iti their relationships with God. Provision of pastoral care for p¢ople living in Islitigton. Providing a hub for community activities. such as the 151ington C¢ntre for Refugees & Migrants, Supp)rt CJroups, and other Churches etc. that meet in the building. SupportlDg national and international mis$ion & outr¢ach work. To facilitate this worl it is important that the f2bri¢ of the Cross Street Baptist Church ¢omplex and the MaDse is maintsined. Achievement$ aDd Performanee The church Sunday services in 2022 welcomed several guests including tEgional ministers and guest spe8ker8 from overse. The ehur¢h wel¢omed six new membeTS and held two baptisms. I'he church withess I wedding at Cross Street. Prayer life contined to grow with prayer meetings held weekly on Monday nights, the first Friday of ¢v¢ry month as a designated night of prayer, followed by a wcek of prdyer held in the Tnorning tor the first week of w¢ek of eyery month via zoom. 14xyer was also held in small groups before and during our Sunday serviees. Monday night prayer w&$ attended by between 9 and 16 people. The chur¢h eontinues to facilitate seryice for those who cannot make it in person by sharing our Sunday service over zoom. Stay & Play toddler group Littl¢ Sunbeams and the Living Room café ensured our doors were open to the community. 'rho church h¢ld an annua] AGM where we were able to approve both financial 8lld tnstees reports for 2021-2022, Ihe AGM was attended by majority of chur¢h members. Th¢ young people's ministry was further established with groups for 10- to 15-year-olds Organis¢ a life group foryoung adults 18+ was established. The church has a]$0 established a student ministry which sUPPOrts stud¢nts that share in our values and worship with us by offeriog small grants. Our church continues to give paslornl care where w¢ provide further eomtort, en¢ouragemenL and suppoIL through our life groups and community support outrach and leadership team. A benevolence fund was set up to ftllther support those most in need. 1yor.gkip and Prayer The worship team has welcomed new members to support Wtth Singing during Sunday services, the team continues to l¢ad worship for Sunday services and other events the church held ihroughout the year. The ¢hurch held servi¢es on Sunday mornings at I lam which are supported by zoom for ail who are undble to attend in person and ended the year with 50 adults and 20 young people attendtng physical gatherings, which had recently resutned. 25 adults were involved in mid-week Life Groups on Wednesdays-saturday nights and the church has plans to start t]ew life groups latcr in the year. Cros5 Str¢et Baptist Church 3110312023 INTERNAL
Cross Street Baptist Church Between 12_16 people attended Monday nigbt prayer me¢tillgs on Zoom. Regular prdycr mornings have been estsblished with 8- 10 adults in attendance for these service5 which are held between 6am - 7am weekday mornings. The church bas continued monthly in-pcrson night of Prayer on the last Friday of the month. These activities enabled attendees lo grow in their relationships with God and to mutually sUprt and pray for each other. Community Hub CSBC is a ¢ommunity church loeated in Islington's Angel Shopping district between the two main highstTrets (Upper Street and Essex Road). It is surrounded by a mixture of 50eial and private housing and Iw a l(Kal School to the rear. The church attempts to reach out to and serve this diverse and constantly changing ¢ommunity. It also has strong links with other local churches and hosts ministers, meetings and combined gatherings. The building acts as a hub for other ehur¢hes, including an Ethiopian Church and a Spanish Speaking Church that holds services on Saturday's. A Spanish Youth ministy on Saturday afternoons. Th¢ Alcoholics Anonymo support llp provided sUprt to 30- 40 people seeking tr) overcome addictions. The lslington Centr¢ for Migrants & Refugees also resu]ned meeting on weekdays, providing sw)port 2nd advice for refugee5 and migrants. The nursery oceupying the rear hall continued to trade and served about 60 young Lhildrcn in the ea. The church was not hired For cxtemporaneoths PUTposes. hfission & Outreach Spreading the Gospel of Jesus ChrisL HTS life. dcath and re5urr¢ction are fundamental to ail that the church does. As th¢ church continued to r¢-estsbli5h in person services and activities, we continue to look for opportunities for evangelism. A Christmas Carol S¢rviee was held during the usual Sunday morning service. A weekly prayer wajk was establishel and this enabled a few members lo offer prayer and Witne to people within th¢ local con)munity during part of the year. A Bible study group lesson teaching theology was introdu¢ed in November and colllinues to have around 10 attendees. The Café has seen engag¢ment steadily rise with a diverse group ot'people from the chur¢h and wider local community attending. The Stay & Play group re-opened and is regularly attended. The chur¢h Youth Group5 gatherings had around 15 - 16 young people sharing food, discussions & support. A new Junior Youth meeting started on Fridays and had about l O attendees. The ehurch parth¢red with Light UK for Outreach days which saw the ¢burch involved in evangelism in the community. A llew LBA internship joined the church in September 2022 helping with Youth Leadership including music lessons, Media and technology at th¢ church strengthened the support including the creation of a manual for updating our new website. The ¢hurch ¢ollaborntion with the Lov¢ Beyond Network continues and the intern we ar¢ sUPPOrting continues lo support the chur¢h, with children's work and relational suppotL as well as all other a¢tivitie$. The chur¢h also continued to support the work of Ben Harl¢y'y Bamboo Bridge Charity for the disadvantaged in Vietrjam and aIso pr()vid¢d a barkdated Ontributio continued support for Ewen MacDonald's missionary work in Turk¢y aod our members mission work in Egbe, Nigeri& Future Plans Sunday serviees continu¢ to be well attended and the church has welcome n¢w member% hosted several guest speakers, and eontinued to hold virtual and in-pet%on life groups and prayer meetings. The church intends to explore ways of increasing evang¢lism and Outreach. The support tell or volunteers helped to meet practical and relational needs of members and further tmpmve church fellowship. The church ¢onlinu¢d to receive most of its income from tenants, dcspite reduced llsage in this fis¢al year, However, donors also gave generously. Funds incr¢ased 2022 which h¢lp the chur¢h to continue its mission to brÉng people lives to Christ, suppot1 church ministries and increase our ¢ngagement with the local community. The ¢hurch maintains the plar]s to improve the premises each year making a welcoming and warni place to WOTship. The church plans for the essential repairs and improvements to the Manse finally started after being approved early 2022. CT05S Street Baptist Churth 3110312023 INTERNAL
Cross Street Baptlst Church CR STR Financial Review with TrTerS Commellts This acC0T2 ts prepared under SORP 102 (215) using the accrual b&%1& Charity Act 2011. Such accounts will comprise one or more receipts and payments accouuts covering restrided and unrestricted fi]nds and a statement of assets and liabtlities, together with explanatory notes &$ recommended in guidance documents from The Charity Comtnission. the Baptist Union and the Association of Charity Accountants aDd Treasurers (ACAT). This Teport is to be reviewed by and Independent Exorniner. The church's inc4)me incre&sed by £2334326 for the 2022-23 year due to incrcased rent activity from th¢ church teT]ants. Reeeiirts from ordinary donatioA5 Ine25ed due to the generosity of church members ond new church members. The income from tax recoverie5 for the 2019-2020 fiscal years have be¢n claimed omd will show in next year accounts. 2023-2024 is In the process of being elaimed. 63.00/0 of income (£86.009.90) was re¢eived through r¢n¢ 35.0 (£47.566.88) came from grants and doJTratios. The church continues to receive a small amount of Inc4)me from interest o savingsldeposits account5 of £J.465.48 (2.53Yo) Expendittwe increased by £2,719.96 wthich orcurred mostly du¢ to the incr¢ in support costs. Salary and pension cost represented the highest exFtnditure. Repairs and rnaintenanee. Water Rate and Utility are next the bighest expenditures. Due to the overall rise in the cost of livillg, CxpendituS increased on the whole. The church surplus increased by £21,J48.30 IlUd[n8 int¢rest for this year. Large savings are held for Tepairs/imrxovements 8t the manse. The ChUh has remained fll]aneially stable this year in-spite of the iD¢rea5ed expenditure. Renta] incorne is likely to k higher next year. Reserves Po15ey The Ch[h will have a surplus between income rEceÈved artd ordinary exFenditure rtext year due its high rental income. It is also insured for10&8 of rent from the nuw so the reserves tsrget is calculated bd on addressing major building repaits wbieh Y uneXCted1Y arise. The church tnteeS atm to bold £25.000 in res¢rv¢ for this purp)se. Stniethr4 GovernaD¢e and Mnagement The Beliefs, Value4 Resw>nsibiliti¢s & Rules of CSBC are Contained in the CSBC CIO Constitution and the CSBC Fundamentsjs Member's document. Tr leadership of CSBC consist of the P&stor and the Lea(kr5hip Team. They meet at least every 2 months. and are reswnsible for the spiritual lead¢rship, oversight and daY-tdaY administrlon of th¢ Church, and act on behatf of the Church in Ettween the Church Fellowship Meetings (CFMS). All important dexisTons affecting the chuwh are made by the church m¢mtrship present & CFMS. in¢luding the electioAlaptrf)intsnent of leaders. Pastor N¢5tor Fernandez led the church forthe full year re)rted. Cr058 Stre¢tB4ptLSt Chwth 31A)3r2023 lTrfTERP
Cross Street Baptist Church Administrative Inforniation Registered Address Cross Street Baptist Church 16-18 Cross Street Isliiigton, Nl 2BG Cr05s Street Baptist Chwch fullction¢d 05 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 Churth was officiaily registered as a new CIO on the 0810412020 upon ¢ompletion of the due processes for regislerillg &8 cio. M8naging TrSIe Rev N. Fernandez (Minister) Mrs L. Bold de Fernandez Mr O. Fakolade Mrs P. Neill Miss S. Warbu8 Miss C Douglas Property Trnstees The London Baptist Property Board Ltd 235 Shafte5bwy Avenue London, WC2H 8EP B8nkers TSB Bank 404 Bethnal Green Road London, E2 OAH Indepenijent F,xaminer Moses O E Igutmubole. BA(Hon&), DPA-ACC4, FAIA, CPFA, FCPA, FFA, FIPA, FTA... Fellow Association of International Accountants... Responsible Trnstees The Tnt¢eS are responsible for safeguarding the assets of the eharity and hence for taking reasonable steps for the prevention and detection of fraud and other iTregulariti¢s. The duly appointed members of the Board of Trllstees who served during the fis¢al year 202R_2022 were.. Rev N. Fernandez (MTnister) Mrs L. Bold d¢ Fernandez Mr O. Pakolade (S¢cretary) Mrs P. Neill Miss S. Warbus Miss C Douglas (TtEasurer) TRUSTI:'E SIGN TURES PRtNTED NAMES DATE chyh) J)Th4 ol-o-lo2 Cross StreetB*ptist ChuT 3110312023 INTERNAL
MOSES-BOLE & CO INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CROSS STREET BAPTIST CHURCH cointsA ail& business Management Cor15ultants I report on the accounts of the charity for the year ended 31st March 2023, which are set out below and notes to the financial statements on pages 9 to 19 Respective responsibilities of Trustees and Examiners As the Chartvs Trustees. you a responsible for the preparation of the accounts.. you consider that an audit is not required for this year lunder sertion 14412) of the Charlty Art 2011{the 2011 art) and that an independent examination 15 needed. It 15 my responsibility to Examine the account (under section 145 of the Attl- follow the proodures latd down In the General Directions given by the Charity. Commission (under section 145(5) Ibl of the 2011 Act 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 dirertions 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 the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a "tme and falr vie, and the report is limited to those matters set out in the statement below. Independent Examinerfs Ststements In connection with the examination. no matter has come to my attention-_ 11 Which give me reasonable cause to believe that in any material spert the requirements To keep accounting record5 in accordano with section 130 of the 2011 Act: To prepare accounts which accord with the accounting records and to comply with the accounting uIrements 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 Moses O E Igunnubole. BA (HON&J.iAC4A-ACC4 FAI Managing Pnncipal MOSES-BOLE&CO ChGrtered Certified ForensicAccountun Certified ProfessionolAccountants/TaxAdvisers ond Busines5 Chartered Monugement Consultants OA TE.. IP4 Ff4 FCP c.. 09-01- 202 Tell 10) 2077DI 2525 Emalt i ryw5tx)le#aoL¢orn LertyH(xjsesKceth.Ejn1¢ 1*4410120 73542035 WÈb 436 ESSEXkndlslington.knrfcn.l1 30P t+L
CROSS STREEf BAPTIST CH $TATEMEKf OF FINANCIAL ACTivmES FOR THE YEAR E14DED 31ST MARCH, 2023 PrKY Funds Incomlng resources Income and endowm•nts from.. Donations anly Iegat4e$ Charitable activitEs Total Re$otsrces •xp•n4l•d exp0ndrv? on: Direct Cost Support Cost Govemance Cost Total FLY FrJ# 47.5e6.88 89.475.38 137.042.26 47,.88 38,291 75,408 113.699 137.042.26 43.245.61 55.700.35 1.325.INJ 100,270.96 43,245.61 s5.7.35 1.325.C 1LXI.270.96 52.622 2.050 98.276 Net mov•ment In lund8 36,n1.30 36,n1.30 15,423 Re¢onclllatlon •f lund&" Total funds brought forw8rd Net movemènt in fijnds as shown above Total funds carried forward 4.059.679.66 36.771.30 4.059,679.66 4,044,256 15.423 4.059.679
CROSS STREET BAPTIST CHURCH BALANCE SHEET AS AT 31ST MARCH, 2023 Resirith Income Fund$ Unrestricted Funds EThlow. ment Funds Total Last Year FIxÈd assets Tangibk a$5ets Totsi fixed assets Totsi Funds 4,037.016.64 4.037.016.64 4.037,016.64 4.037.016.64 Current assets Cash at bank and pn hand rolal cutrent assets 3,979,197 3,979.197 62,184 32 62.184.32 62,184.32 62.184.32 81.808 81.808 c1101$.. arnounls falling vAlhin 1 yr. 2.750.00 Nei TnI asseIllabIlItIS$) 2.750.00 1,325 59,434.32 Toial assets less current liabilitre$ 59,434.32 80.483 4,05g.679.66 4,059,679.66 4.044.256 Totsi nel assets or Ilpabciliesl 4,096,4JO.96 4,096,450.96 4,069.680 Funds oftho Charlty Unrestricted fu$ Totsl ftsnds 4.096.450. 4.096.45Q.96 4,096,450.96 4.059.680 4.096,450.96 4.OSg,680 Syned by one or two tnjstees on behalfofaii the trustees.. Slgnatwe.. Date of 8pprov81.. pnI Name..
CROSS STREET BAPTIST CHURCH NOTE TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH. 2023 Iloto 1 8a815 of weparatl¢ 1.1 Ba of a¢countlng These accounts have been prepared under the histOriC81 cost cDnventh)n ¥wlh items recognised at cost or tran$aclK)n value unl6s$ otheSe Stated in the relevant nolel51 to thsse a¢TrI8. The a(xounts have been prepared in ar£Ordan the Financial Reporb'n9 Stand£rd applicab in the UK and Rgpublic of Inland IFRS1021 issued on 16 Juty 2014 and wth the Charities Act 2011 and the Chanty rA)rBtrtutes a publi¢ b8neftt as defined by FRS102. 1.2 Golng concern Conslderlng the steadlew81 of Incomifftw resotsrc¢s andmembershlp numb8rthe Ch•rityls agolng ¢oncem no anyknown unfores•en clrcum$¢ance 1.3 Chan90 of a¢cownt¥ng pollcy The 8ccounts pr&sent a true and vi4 and the accountir@ pollcB8 adopted are those ovtlined in the notè wlth no change in policy IA chang to a¢counting 08llmate$ No changes to accounting estimate$ have Occur in the repth.ng period13.46 FRS 102 SORPI. 1.5 Material PTlor year err•r• No rnalerial pllorYearerr have been identiftsd In the reportitYJ period13.47 FRS 102 SORPI.
CROSS STREET BAPTIST CHURCH NOTE TO THE ACCOUNTS ICONT'D FOR THE YEAR ENDED 31ST MARCH. 2023 Note 2 A¢c¢>untlng policles 2.1 RECONCILIATION YIITH PREVIOUS GENERALLY ACCEPTED ACCOUNTING PRACTICE There is no ¢hang8 in accounting policy In thi5 period 2.2 INCOME This standard list OF 8ccouniing polic$ has b88n applith by th8 charty axceptforthosè tickfd No or 'Nla Where a drfferent or additional policy has adopted then thi8 is d8t8ikd in the box bd(w. Roeognltlon of Income These ar& included in the Statement of Financi81 ActivilYè% ISOFAI bvhen.. ltre charity bècomes entitled to ltre resources., it r6 more likely Itn not that the trustees will receive the r8sources.' and the monotsry value can be meaSud With sufficient reliabilty. Oltsettlng There ha8 been no offsètbng of assets and liabifib'es, or inc0e and oxp&n8es. Grants and donation$ Grants 2nd donations are only included in the SOFA wh8n the g8neral incomé cOgnitt.0n eritena ar¥ rnet15 10 to 5 12 FRS 102 SORPI. In the case of p@rfomanee related grants. income musl only be wognBed to the ext8nt that the charity has providècl the specif& goods or$ervi¢es as eniimement to the grantonty occurs en I Perfonance r¥Psled o)ndits'ons are met15.16 FRS 102 SORPI. Logacl•$ There Is no legacy rec8hial dunng thi8 period. G¢wemm•nt grahts No go¥8rnm8nt grantwas roceived during Ihis pori0(1. Tax r¢claim$ on dotyatSon¥ and 9lfts GrflA receivabl8 is included In in¢ome when there a valid declsration from the donor. Any Gift d arnounl Covered on a donats.on considored to be part ot that gift 8nd is treated as an addition to the Same fund as the inib.al ¢onation Un$5 tho doror the tetms of the appeal have specified Ofherwise CtrntrAe¢ual in¢om• and perfOrnian related grant• rhis oot applicable Dohat•d gwds There is no donated good. Donated s*rvlees and fa¢llltles Donated services and facilitres ar8 induded in the SOFA when received atthe value of tha grflto the charrty providod the value of the grft can be measurèd reliably Donated services and faCIleS that are consumed imFnediately are recognised as income wrth an equiwdlent amount re¢ognpsed as an expens8 under the approprFate ¥ing In the SOFA. Support co4ts The charity ha8 Incurred expenditure on support Costs.
Voluntear help The valu& of any voluntsry help recew&J is not included in 8¢counts but 1$ described in th8 tru5tees' annual rgport. l•comg from Inter•sty r¢108 and dlvldond• Those are recognised as arKI when received lttcome from mthb•r8hlp ub*crfptl•n8 Tithe5 and offèring ¢eNed from the membets are in the nabjre of a grfl are recogni58d as Donations. end Legacie5 S•ttl•m•nt of In¥uranc• clalm$ Insuran claims are only included in the SOFA whon the genaral income roCOgnilK)n criteria are met15.10 to 5.12 FRS 102 SORPI and ar8 Nicluded a5 an item of olher incom8 in SOFA. Invo8tment galns attd loJs¢s This Includes any realised or unr&ali$ed gains or losse$ on the sale of investments and anygain or bss resulting from revaluing inve¥knents to m8rk8t value at ltre end of thè year. 2.3 EXPENDITURE AND LIABILITIES Liablllty reco9nStion Liabilities are recognised where it is more likely than not that there i8 a kgal or ¢onslru¢ts"v8 &>Ialon Cfxnmitting the ¢harrty to pay out re$our¢8s and the amount of lh8 oblwJatson ¢an b& rneasured wilh asOnab certainty. Gov8mance and support costs Support costs have been ellocated between govemance costs and olh$r support. Vernance costs comprise all costs involving public accountsbility of ltre charity and its compli8nce with rogulation and gDod pr8CtKe. Support costs indude caniral fUnctn8 and have b8en alloc8ted to activity cost categones on a bas consi51ent with the use of resources, 6g allocathng property costs by floor areas. or per Capita. staff Costs by the tme spent and olhsr ¢osl$ by th8ir usage. Grants wlth p•rfornianc• condl¢lons The Chanty is not warding grant to any organisabon Grants payable wlthout P8rf•rnianc• condltion• Where there a no eonditions attaching lo the gr8nt that enatyl•s the donor Charity to realistlca avoNI the commitm8nl. a "abilitY for tt)a full funding obligation mu$t be rocognk8ed. Rodun41an¢y ¢08t The charty made no redundanw payments durin9 the reporting pericé. Doferred incorn• No material itew of defeed incc¥n6 ha5 been vicluded in th& accounts. ¢redltors Tke charity has ¢r£ditors which are measured al Settment aTrOunts any trwje discounts PrnvlsJon$ for Ilablllli8S A liability is m8asured trn recognition at its hBtorical cost and Ihen subsequenly mea$ur8d atthe best estimate of the amount quired to 58tU6 the obligation at tha reportyng date Basle fln•ncl•l Instrumants The charity accounts for basic financial instluments on inftial recognition as rRI paragraph 10.7 FRS 102 SORP. Subsequent measuremgnt is a8 por paragr3phs 11 17 to 11.19. FRS 102 SORP.
2.4 ASSETS Tanglblg fix•d &et5 lor by eharlty These are capitali8ed rfth8y can be used for than on8 ygar, and cost at knst They are valu8d at cost. The depreckqtron rates and Metrd$ uséd 8re dclOs$d in note 7. Ihtattgjble flxèd ass•t8 The charity has no intangible assets, that is. non-monetary assets th81 do not have physical substance bul are Identifiable and are controlled by the charity through Cusloty or legal rfghts. The amortisats.on rates and methods used are di8clo3ed in noto 7. They are valued at cost. HerFtage as$8ts The Charity has no heritage assets. that non-Mortsry assets with historic, 8rtp81i¢, scientific. lechnologi¢al, 980physical or enronMental qualitie$ thai a held and maintsin8d principalty for their contribution to knowledg& and culture. The d&pr8ciabon rates and methods u58d as di8¢sed in note 18 is not apploabb during thi5 p&riod bul if avai18ble they are valued at cost Jnv•stmgnt• Fixed asset investmen15 in quoted shares. traded bonds and similar iTrvestrngnts ar• valued 8t lallY at Cost 2nd 8ubsequentty at lair valu8 lth&r market value) 8t the yoar end. The samè treatment is appli&l to unlisted investments unlss$ fairvalue cannot bg measured reliably in which tase rt 1$ mea5ur£d at ¢ost less impairment. Investments h81d for re$ale or pending their sale and cash and cash equiv81ents a maturity date of l y8arare treated as current as$et investments Oobtors DeblDTS Ilnduding trade d8btors and loans rEivabl arè measured on initial recognibon at Settlement amount afterany trad& discounts or amount advanc&d by the charity Subs8quenlty. they are measured st th8 Cash orotherconsiderstion eXcted to be recew8d. Ctsrr•nt asset investmonts The charity has has investments which it holds for resa or pending their5ele and $h and cash uwalents with a rn8lurity dal6 less thsn one ygar. These indude eash on dep051t and cash 8quivalent5 Wth a maturity date of less than one y8ar h61d for Inve$trn&nt purposes rather than to meet short term cash commthents as trey f811 due. They ar& valued atfair v&lue except Lthere thtsy qualfy as ba5icfinancial instruments. OLICIES ADOPTED ADDITIONAL TO OR DIFFERENT FROM THOSE ABOVE Th$r8 is no any other polioes adopted.
CRO STREET BAPTIST CHURC 140TE TO THE ACCOUNTS CONfD FOR ThE YEAR ENDED 31ST114RCH, 2023 ty31 rf Incor FLW Tcw year rthes & OtteiTng Yotai 47.566 ae 47.586.88 $4.091 4.200 30,291 CrItabl• ctl4rf11••1 Oth•r. Rentsi Ir (Xtter. kntere4tkrm, et. T1 47 566 88 3.465 48 89.4F5 38 88,009 3,46S.48 89475 38 75.208 202 75.408 TOTAL IMCO 137,042.21 113,189 •m•unt •rAI atyy y••r fl
CROSS STREET BAPTIST CHURCH NOTE TO THE ACCOUNTS ICONfDI FOR THE YEAR ENDED 31ST MARCH, 2023 Note 4 Prlor Tol•l DIREcf COST k4i88lfw Support Tnjsiees, Expens¢• Worshy & m1¥ Expen YtyJth Evarwknm Honournrium CoMm)n Gmr FuThJ• Fun¢ts5 Fund• Funds 3.889.85 3,889.65 4.925 1.080.54 1.02321 570. 1,080.54 1.023.21 570.00 1.299 1.930 175 5(0 21,545 672 5,873 5.247 Trainingl CMferenc+J Cowrewkni &nart PensK)n HMRIPAYE & NJC I 23,191.59 888.20 6.877.74 5.724.48 23,191.Sg 888.20 6,877.74 5.724.48 43,246.81 41248.81 43,604 C8niTra a Pest CO Wdfare, Gfft8 & Don8b)n¥ W8lerRate coun Tax Rep81rs. m81rrtena RerM• PriNiryJ, Po8tsge and St•knry TethOne & lfttern81 Irfis0•re Expenses In8wancelParkirylLic• Tran8F¢rt & Travel Expwv• SuWripbcffl8 Refreshm1 eTrJ DepreoatSon ofAssets Eknctncjty. G•$ ,F1 arnl 01 Manle (Tcommuni¢•.M} Man* IH8aUnk & LbJhlm91 3.751.11 1,278 20 5.856.64 2,OW29 7.023.57 .10 1.174.24 247.th1 3.355.71 1.411 40 102.58 3.751.11 1.278.30 5.856 64 2,ty)29 7.023 57 360 10 1,17424 247 00 3.355.71 1.411.40 462.58 2.691 454 2,005 7.475 1.599 771 1,926 8,993 592 1,25YI 959 20,571 3.392 577 1.164 21.570.40 4.381.82 21,570.40 4.38162 344 40 1.59).LKJ 1.$50 IKJ 60.700.JJ TOTAL expEMDmiu 98,945.96 98,945.96 90.228 12
CROSS STREEf BAPTIST CHURCH NOTE TO THE ACCOUNTS Nott 5 Detalls •1 cortalth Item¥ of gxp•ndltur• 5.1 Fee5 for examlnation of the 8trounls Flease provid8 details of the amoLll)t paid forany slatulory external scruipny of accounts and other servi*s wovided by your indeskndent examvier. rfnolhing was paid pase enter' in the appiopriale box(esl. GOVERNANCE COST Indep8ent axamlneffs fees CONT'D FOR THE YEAR ENDED 31ST MARCH, 2023 Thls Year L¥t y¢ar 600.00 Legal & Profrssbnal Fees Legal Flling Fee$ 600.00 725.00 Olherfee8 Iforexamrle.. financial athice, wnsultdncy. aitounlancy 5eFvHx)- 125.00 125.00 600.00 1.325.00 600.00 2.050.00 13
CR STRE T BAPTIST NOTE TO THE ACCOUNTS RCH CONTO Mot# 6 Paid èmplom$ FOR ThE YEAR ENDED 31ST R¢H, 2023 Please Complete this note rfthe charity ha5 any employees. .1 Stsff Cosls Thb Year La8tYear SaP8ries and wa Social security costs Pension eosts Id&fin8d Other 8mpkiyee bènef Total Staff c•8ts 23.19159 5.724.48 8,877.74 21,545 5,247 5.873 35.793.81 Please provkyè details of exp8ndfture on staff working for the charity whosè ¢ontracts are arrd a pakl by a related party 32,665 Pbase give detaib of Ihe number of ernployees whose total employee benefits lexcludiTr9 employer pension costs) f811 within each band of £10,000 from £8Q,000 upward5. If Ihsr8 are no Suth transactions. please enter'true, In thè box provided. No employees recewl employee tenefts {$xcluding employ8rpensk)n cgstsl for the portin9 period of more than £60.OCrfJ Band £60,000 to £69,999 £70.000 to £79.999 £80.000 to £89.999 £90.000 to £99.999 £109,999 Number of gmployees NIL NIL NIL NIL NIL 14
CROSS STREET BAPTI T CHURCH NOTE TO THE ACCOUNTS ICONfDI FOR THE YEAR ENDED 31ST MARCH, 2023 hTottr 7 Tanglble fAxgd 08wts Fr6•hold land & EquIprtnI buildings Furnthjre & ptttings land & bulldings Trtal 2022 Atthe be9n ofthe &T Addth'ons 3.637,773.NJ 254,141 107,851 3.999,767.Ix* 3,995.852 79,390.44 tM$pos81$ 79.390.44 3,915 At end of Ihe yeai 3,637,773.00 333.532. 7.2 DoplatIon and impalmi&nt8 'Basls FreetrKJld Property MDlorVehiclè Fixtures & Fittings Ctxjrch Equipm&nt Computer Equipment 107.85100 {079,157.44 3.999.787 Straight Lvie Melhod Str81ght Line Meihol Straight knne Thlethod SlravJht LI Method ' Rate 20% 20% 20% Al bÈgN?niro of the year Di8posa Depreuaiion ITnpainneTrt Transfers. IAdd or t)eductl At end of the year 20.570.4 20,570.40 21,570.40 21,570.40 20,570 T.3 Plot book valuè Net book value althe beginning of YF. Netbook value 81 the end of It year 42,140.80 42,140.80 20,570 3,637,773.00 254,142.00 3.637,T13.00 333.53144 87,281.60 3.979.196.60 65.711.20 4,037,016.64 3.99S 852 3,979,197
CROSS STREET BAPTIST CHURCH NOTE TO THE ACCOUNTS (CONfDI FOR THE YEAR ENDED 31ST MARCH. 2023 Note 8 rtOf5 aml accn due ear 2022 due after mo ear 2023 Accrued Professional Fees HMRC (PAYE} Pension Total 2023 2022 2.7S).LKI 1,325 1.325 16
CROSS STREET BAPTIST CHURCH NOTE TO THE ACCOUNTS (CONTDI FOR THE YEAR ENDED 31ST MARCH, 2023 Not• 9 Cash at bank and In hand Th18 Y•ar cash-0haThJ Current Acwunt Deposit wrth TSB D6posiI LBPB Tolal Last Yoar 215 95 30.388 43 30.321.43 1.258.51 61184.32 238 eJO.306 20,009 1.255 81.808 17