CROSS STREET BAPTIST CHURCH TRUSTEES. REPORT AND ACCOUNTS FOR THE YEAR ENDED 31ST MARCH, 2024 OSES-BOLE &CO CHARTERED CERTIFIED FORENSIC ACCOUNTANTS CERTIFIED PUBLIC ACCOUNTANTsrrAX ADVISER
CROSS STREET BAPTIST CHURCH CONTENT Pa Trustees and Advisers Trustees. Report Independent Examlner"s Report to the Trustees ststement of Financlal Activitles Balance sheet Note5 fomilng part of the Financial Ststement 7-19
CROSS STREET BAPTIST CHURCH LEGAL AND ADMINISTATIVE INFORMATION Reglstered Office: Cross Street Baptist Church 16-18 Cross Street London N1 2BG Managing Trustees: Rev. N Femandez (Minister) Mrs L Bold de Fernandez Mr O. Fakolade Mrs P. Neili Mlss S. Warbus Miss C Douglas Registered Charlty No 1188961 Bankers: TSB Bank 404 Bethnal Green Road London, E2 OAH Accountants OSES-BOLE&CO Chartered Certified Forensic Accountants Certified Public Accountants & Business Chartered Management Consultants 39 Salnts Brelades Court Balmes Road IslingtonlHackney, London N15TW
Cross Street Baptist Church CROSS STREET TRusfEES ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024 {2023-2024) The Trustees present their report and the audited financia] StateMts of the charity for the year ended 31" March 2024. The Trustees have adopted the provisions of the Statem¢nt of recommendcd practice [SORP)-Accounting and R¢p)rting ChaTities" in preparing the annual report and financial statements of th¢ Charity. The financial statements hav¢ ien prewdred in accordance with the accounting policy set out in notes to th¢ awounts and comply with the ¢h8rity's governing do¢ttmenL the chariti Act 2011 and Accounting 2nd Rep)rting by Chariti¢s'. Statement of R¢commended Prdctice appli¢able to charities preparing theiraccovllts in COrdance withthe Fin8JJ¢i81 Reporting stand& applicable in the UK and Republic of Ereland published in Cktoknr 2019. Strclure, Governanc& and M#llgement We are affiliated to the Baptist Union of Great Brits1 The church is also affiliated with the London Baptist Association and the Evangeli AIIiwK¢. Th¢ church fimctions as a Charitsbl¢ IncOrrated Organisation ICIO). charity n4mb¢r 1188961. Th¢ Charity is governed by approved governmcnt document (Constitution). adopted in 2019. This states that th¢ prill¢ipal purkx)se of the charity is the advancemcnl ofthe Christian faith a¢¢ording to the prin¢ipl¢s of the Baptist denominatioTr The Church may also advance education and carry out other charitable purposes in the United Kingdom and other parts of the world. The Cburch occupi¢5 premises that are held by the tA>ndon Property Board Lt on trust whi¢h are entirely compatible with the aEL)v¢ objectives. order to achieve the charitsblc obj¢etives which are set out above. the Church provides a variety of tivilieg IK>th to its Mcmbcrship 2nd to the Community getally. The Trustees of the Church have considered and h&ve regard to the Charity Cofflmissioris guidan¢¢ onpublic benefiL The Belief& Vaiues, Resw)sibiIities & Rules of CSBC are Contsined in the CSBC CIO Constitution and the CSBC Fundamentals Member's dwwnent. The P&8tor & Leadership Team lead Cross Street Baptist Chuwh (CSBCX in furthering the whole mission of the Church.. pastora]. evangelisric, so¢iai and ecumeui¢al. The Pastor and the Leadership Team meet at Icast every 2 months and are tesp)nsible for the spiritual Icadership. ov¢rsighL and day-tfrday administration of the ChurclL maintsining and managing its T¢sources and acting on behalf of the Church in between the Church Meetings (Cms). All important decisions affecting the church are made by the church mernbership present at CMS, including the electionlappoinlment of leaders. P&8tOT Nestor Fernandez ledthe church for the full year reported. The church remains conlrnitted to best practices tn the areas of S&feguardirL& Heahh and Safety. Equal OpT)Ortunitie& Data Protcction. the Environment. and Fin8n¢ia] CoErtrol. Its wlicies in th of these areaq were review¢d aTMI updated during the y¢aT. The Trusttts k¢¢p compliance und¢r review and no i&sues of note have been reFKJrted during the year. Objectives 4Dd A¢tlvlti The church's princitAI charitable pllrP is the advancem¢nt of the Christian faith. We ptx)vide apubli¢ service of Christian worship and also provide various wmbinatiorLS of youth worL childr¢n's wor coff¢¢ shop, alpha course, ¢tc The Chuwh LeAdership is committed to enabling as many people as pissible to w0h)p God and to become part of the community at CSBC. They oversee the range of activities that hapn in and around the chur¢h and strive to reach thc many and varied groups that live in Islington and beyond. Th¢ trustees have had due regard kn the Charity Commission's guidance on public nefiL CSBC'S public benefii is s¢( out in the following pardgrdph and in the Achievements and Performance se¢tion ol this r¢p)rt. It is sho through the enabling of ordinary people to liv¢ out their fatth and lo come together as a communiry. Cr05s StrfBwwi Churth 3110312024 INTERNAL
Cross Street Baptist Church RO TRE The principal activitie5 of the church may iTKlud4 but Testricted to.. public WOT5hip. Prayer4 Bible studyy Preaching and Teaching.. Nurttsre and growth of christi disciples Provision of pastoral care for people living in Islington and London Supp)rting and cncournging ¢haritable and so¢ial action in the Unxla Kingdom and abroad. Providing a hub forcommunityactivities, such asthe Islington Centre for Refugees & Migrants. AA, Support Group& and other Churches etc. Supporting national and international mission & outreach work The teaching. en¢ouragemen¢ welcorne and Incl10n of young people. Education and training for Christian and Community Service To uod¢rt8ke activtties as a tnean of achievingthe Charitable Objectives, the church in ats own. or with other church or groups. The aim is to show the love of J¢55 Christ in both word and deed. bring people into a close relationship wtth GO to supwTrrt cForitable action; and to encourage relationship5 with other Christians. To facilitste this WOTL it is imiknant that the fabric of the Cross Street Baptist Church complex and the Manse is maintained. AebtevemeDts and Perfomance The chUh Sunday services ill this 'financial year. welcomed severnl guests including gIOnal ministers and gu¢si speakeT5 from overseas. The church welcorned thrcc new member5 aDd hcld three baptism.%. Prayer life continued to grow wtth prdyer mcctings held weekly on Monday nights, the last Friday of every month as adeSigned night of prayer, followed by a w¢ek of prayerheld in the morning for the first week of the we¢k of every month via Zoom. Prayer w&8 a]$0 held in stnall groups before and during our Sunday services. The church continu¢s to facilitate servi¢e forthose cannot make it in person by sharing our Sunday service over Zoom. Stay & Play toddler group Little Sunbeams and the Living Room cafe ensuttd our drS were op¢Tr to the community. The church held seryices on Sunday mornings at I l avll and ended the year with an av¢rage attendance of 65 adults and ehildren. The worshipteam haswelcomed newTn¢mtrtrs to SUprt with singing during Sunday services. the team continues to lead worship for sUV services and other events the chur¢h h¢ld throughout the year. The church hLS invested in the worship team with new stage lighting. microphones. and a dnnn shiel(L Around 25 adults wer¢ involved in mi&w¢¢k Life Groups and the ¢hurch has plat)s to start new life gmups later in the year. Th¢ young people's ministy was fiher estsblished with groups for 10 to 15-year-olds. and a Life group for young adulLq 18+. The church ha8 81$0 established a student minTSty that supports studeTrts who share in our values and worship by offering small grants. Our church wntinues to give pa510ral care where we provide further comfrt ¢n¢ouragcmcnL and supporL through our lif¢ groupg and community SUPE outreach aThl leadership team. A benevol¢nce fijnd was set up to fitrther SUpIrt those rnost in need. Community Hub CSBC is a comrnunity church located in 1s1ington's Angel shopping distrith betsyeen the tw'o main high streets (Upper Strect and SeX Road). It is sum)unded by a mixkn of sla1 and private housing and has a local school to the r¢ar. The church attempts to r¢ach out to atKI serve this diverse and constantly changing community. It also h&5 strong links wtth many other l(xxE churches and hosts minisler5' meetings and combined gatherings. The building acts Ls & hub for other churche4 in¢luding an Ethiopian Church and a Spanish-speaking Church that hold5 activities on Friday and Sabjrday evenings. Th¢ Alcoholtcs Anonymo8 sUPPOrt group provided supwrt to Feople seeking to overc4)me addictions. The Islington Centre for mi2tts & Refugees also resumed meetings on wcckdays? provtding support and advic¢ for refugees and Miants. Cross Street B8Pti$t Cbur¢h 31A)3n024 INTERNAL
Cross Street Baptlst Church The nursery occupying th¢rearhall Continu kn trnd¢ and servedyoung children Ènthe area The church w&8 not hired for¢xlemporn)eous pUr$t5. Mission & Outreoch SpT¢ading the Gospel of Jesus ChrisL His life. death and r¢sUrlOn aTr fundamentsI to all that the church does. As the church cortinued io r¢-establish iD-person seNi(es and activities, we continue to l(Xpk for opportunities for ¢vangelism. A ChrtStsDas Carol SeThice was held during the usual Sunday morning service. The prayer walk continue &8 an evangelistic t(x)l and this erL&bled a few m¢mbetE to offer prnyer and witness to rKopl¢ within the local community dwing part of the year. 'I"he Café has seen engagemeut steadily risc with a diverse group of peopl¢ from th¢ Church and wider I1 CO]llTnunity att¢nding. Thc weekly Slay & Play group called'Litt]e SunE¢ams' tEgularly attracts a large number of cEll'ldren plus their parents or carers. The new church Youth Group 110-13yeaTS old) gktherings had around 12 y04mg people sharing fo1 discwsions & supwtL Towards the end ofthe year, we saw the church involved in eydngelism in the community in partnership with 'The Turning" movemeErt that seeks to reach out people in London. The LBA ini¢mship finished her time at Cross Street and very thankful of I]r seryice at the church. The church collaErf)ration with the Lve Beyond Network continues. The church aIso continucd to support the work of B¢n Harley's Bamboo Bridge Chlty for thc disadv8ntsged in Vi¢tham and our rnemb¢rs mission work in Eg, Nigeri& Future Plans Sunday services ¢ontinueto Ee well attended and the church has welcome new memb¢rs, hosted scvcra] guest S5kers, and continued to hold virtual and in-(son life groups and prayermeetings. The church intends to explore ways of incrning evangelism and outreach. The support teaTTt of voluDte¢rs helped to meet PtacÉical and relatioTr needs of membets and fijrther improve church fellowship. The church continued to trceive most of its income from hirings, despite reduced usage in this fis¢a] year, However, donors also gave g¢nerously. Funds incre&g¢d 2023 which help the church to ¢ontinue its mission to bring people lives to ChrtsL support chur¢h ministries and increase our engagement with Ihe local community. The church maintatns the plan5 to improve the pr¢mises ea¢h year making a welcoming and warm pla(t to worship. The church plans for the essential re1[3 and improvements to the Manse continues and expected to finish earli¢r in 2024. We are looking forward to pariner with Love Beyond Netwo as they may be able to provide support for Youth work and English Cl&gses. As the church remains eommitted to Eest Prnctice in w)rdanLY with the Tequir¢ments of th¢ law at)d Charity CoTnmission thice. we will adopting new p)licies and urdate the curTent ones. Financial Review This account is prepared under SORP 102 (215) Ingthe acc Iwi5. CharityAct2011. Such account will comprise one or mort receipts and paymeDts accounts ¢overing restricted and unre5tticted funds and a slatement of assets and liabitities. together with explanatory notes as r¢¢ommended in guidance documents from Th¢ Charity Commission. The Baptist unlo and the AsSoci10n of Church Accountants & TTeasUtrrs (ACAT). Thi5 rqx)rt is to be reviewed by an independent examiner. The ¢hurch's in¢oTnc incrw¢d to £170,667.52 for the year 2023-24 fiscai year due to thc gift aid tsx Tecovery received for fiscat yew5 2019-2020 artd increased Ten activity from the church tenants. R¢¢eipts from TÈthes and offerings in¢re&sed due to the generosity of church meMrS and vAsitOTS. 67.000/0 of incom¢ (£113.939.80) was received through rent new occLsional hiring. 33.OOOh (£56,727.72) came from donations. The church continu¢s to rtteive & small amount of Income from interest on savingslderxlstt aceounts. CtV55 Str¢¢tBwisi thurth 31m3r2024 INTERNAL
Cross Street Baptist Church EET lThe total extrnditure was £108.823.24 this figure Eeprts¢nts direct ¢osL support cost & governance cost The capital exnditie for the year was £46.08022 for Chh building maiTrt¢nance and £38,323.58 for the mgllse expenditure. these figu$ can be found in the fixed assets for depreciation. Due to the overall rise in the cost of liviffjg exrtnditures in¢reased on the whol¢. The church reserves is £30.671.06 incIlg interest for this year in line wrth the charity commission guidelines. tn the next financial th¢ remaining repa]lMproveM¢nts wtit b¢ completed at the manse. We will Colltin to invest fjjrther into youth work andnew projects within the communty. The church has remained financially slable this year in spite of the increas¢d expenditure. Rents] income is likely to higher next yrar. Reserv&s Poticy The reserves poli¢y of CrS Str¢¢t Baptist Church is to hold 14 months of 811 expendTtures to aIlow the church to adapt to any changes in the income or exwiditure of the churclL Th¢ trustees currently believe this amount to £311)00. The trustees are working with the church members to identify ways to use the su4)Iu8 reserves to further God's mission tn the local commwjity Responsible Thtee$ The Trustees are responsible for safegu&ding the assets of the charity and h¢Te for taking rcasonable steps for the pr¢vention and detection of fixud and other irregularities. The duly apwinted Mem[5 of the Board of TnLqtees who served during the fiscal year 2023-2024 were.. Rev N. Fernanth IMiTtist¢r) Litss L. Bold de Fernandez Mr O. Fakolade (Secretary) Mrs P. Neill Miss S. WaTbus Miss C Douglas (Trwurer) TRusfEE SIGNATURES PRINfED NAMES DATE
MOSES-BOLE & CO INDEPENDENT EXAMINEWS REPORTTO THE TRUSTEES OF CROSS STREET BAPTIST CHURCH l port on the accounts of the chartty for the year ended 31 March 2024, which are set out below, and notes to the financial statements on pages 9 to 19 Respective responsibilities of Trustees and Examiners As the Charitws Trustees, you are responsible for the preparation of the accounts,. you consider that an audit is not required for this year (under settion 144{21 of the CharTty Act 2011lthe 2011 actl and that an independent examination is needed. It ts my responsibility to Examine the account (under section 145 of the Artl." follow the procedures laid down in the General Directions gNen by the Charity. Commission lunder section 145151 Ibl of the 2011 Act and State whether particular matters have come to my attention. Basis 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 conceming 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 "true and fair vie. and the report is limited to those matters set out in the statement below. Independent Examinerfs Statements In connection with the examination. no matter has come to my attention- 11 Which give me reasonable cause to believe that in any material respect the requirements To keep accounting records in accordan with section 130 of the 2011 Act: To prepare accounts which accord with the accounting records and to comply with the accounting requirements ofthe 2011 Act have not been met or 21 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 (HON&) FAIA CPFA FFA. FIPA. FTA FCPA. FIC Managing Principal MOSES-BOLE&CO Chcjrtered Certified ForensicAccountants Certified Professional Accountants/faxAdvisers und Business Chortered Monogement Consult DA TE.. 202 I WI912077042525 fThl' Th$¢$b l{DePrtThsCeTre,U k144410)k173542035 Ilbl 436$11roT4LondOn. .i 3(
CROSS STREEf 8APTIST CHURCH STATEMENT OF FINANCIAL ACTMTIES FOR THE YEAR ENDED 31ST IAARCH 2024 FL4id# Fund9 FundE Incomlng resour¢•s Income and endowments from: Donations and legaaes Chariiabla actiwties Total Resour¢•$ oxp•nd•d Exp•ndlture on: Direct Cost Support Cost Governance Cost Total .727 72 113.939 80 170.667 52 56.727.72 113.939 80 170,667.52 47.567 89.475 137,042 52.283.11 55,215.13 1:325.00 108.823.24 52.283.11 55,215.13 1.325 00 108.823.24 43.246 55,700 1.325 100,271 Net movem•nt In fvnds 61.844.2B fj1,844.28 36.771 R•eon¢lllatlom of fund&. Totsl funds brought forward Net movement in funds as shown above Total funds carried forward 4.,450. 61,844.28 4.158.295.24 4..450.96 61.844 28 4 158.295.24 4.059,680 36.771 4,096,451
OSS STREET BAPTIST CFLIRCH 8ALANCE SHE AS AT 31ST AIARCH, 2024 Tolal Last Year Toiai FUts Ffixed assets Tangb 8s8eis Total fiwj assets 4.099.850.04 4.099.850 04 4.037.017 4 099.850.04 4.037 017 Ojrreftt assels Cash al bank and in haNJ Totsi current assets 59.820.20 59.820.20 59 820.20 62.184 Cthiilors.. amowts falnro duewithkn 1 . 1.375.00 1.375 2.750 Net ujrrent 855etsl(l&ditiesl 59 Total rEt assets or{kabifthsl 4138.29524 4 14295.24 409&451 Fund8 of Chaylty Unrestrited fund5 Total funds 4.158.295.24 1429&24 4 158.295.24 4.096.451 4 ISB.29&24 4.096.451 Signed by (XE orb¥o trustees on behalf ofJl tt trwtse" Sgnature.. 22- IQ -2029 Print Name." FGRfvJb)FE
CROSS STREET BAPTIST CHURCH NOTE TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH. 2024 Not• l Ba1$ of •aratIon 1.1 of ace•wntlng These 8¢xounts have been Prepa undertho hBtortal cc6t wilh th Trojgnood al cost or transaLton value unkns Q1hetse statsd in the an( notelsl to te accounts The arxounts have been preparwj In a¢xordance FinarKaal Reporbrrtj Star¥Jatd appllcable In the UK and Rewblic of InLoTrJ IFRS1021 vssueAI on 18 Juty 2014 and with tt Charthes kt 2011 and Ihe Chanty constitutes a public benefft as by FRS102. 1.2 Golng ¢IMlCern a n9 con¢•m with no anykno*n unforeseen circums(&nce 1.3 Chon90 ol a¢¢oMntlng Wlcy The accounts present a true and fair aThJ Ihe aCting poliaes &JopbJ are Ihose oultiw in the note with no thange in polty IA Chang•S to accounllng aStlm•ts8 No ¢harues to a¢hxJunting estim8t85 have ocojrred in Ihe rW"ThJ FerxxJ13.46 FRS 102 SORP). l.S Malerlal prlor ygar •rvorJ No rnate[l prioryear error have begn wjentsw in th• rnwb.rg lod (3.47 FRS 102 SORPI.
CROSS STREET BAPTIST CHURCH NOTE TO THE ACCOUNTS CONfD FOR THE YEAR ENDED 31ST MARCH. 2024 Accountlng pollcles 2.1 RECONCIUATION WITH PREVIOUS GENERALLY ACCEpfED ACCOU•mNG PRACTICE Thèra no ch8n9e in acc4)unting policy in thk8 2.2 INCOME This standard list of a(KouTrtirwJ has been spF4d by Ihe tharity exce0 for IFK15e bcked No cf "Nla" Whern a drff8rent or athlthnal polw h85 been this ts deta in thè trRI Recognltl•n of income Th¢se are Included in the Statement of Fnancial Acmos ISoFA}w". . the charity becrnes enbtknj to Ihe resources." . it more likety Ihan notthat the thL8tees wll rec the r850urc88'. and . Ihe monetary value can rnea$ ?th suffThnl rdiabl. Offsettlng Th8r8 has be no oftsethng of assets 54" ths. or and eynses. Gr8nts anrt tyonabons are onty in the SoFAthen Ihe ge[ reeoynthn Crite are met15 10 10 5.12 FRS 102 SORP) In the ¢ase of wf¢xmance related gÉants. incrfft must onty re¢o9nLwJ to th8 exient thaltha charty has prowded th8 spe0rtt goods cr s8rvirA8 as enmkrwt tothe grarrt onty cor81en the performance relatsd conditK)ns are rlIS.16 FRS 102 SORPI. L•oaG188 There is no lesw receNaJ dtsrirJ thi& kwd. Gov•rnmant grants No govamrrt graniwas duriTra this FeTh). Tax r•clalms ¢)n ¢lonwtl•M and glfts GrftAitt reCeN3b i% indud8d in irthY vkn the i8 a val1 d8dar8tk)n ffom thè dOt Any Gfft Ak1 amount recovered on a don81M)n i ¢¢Yk18r8d to be p8rt clthat grft armj 6 treatsd as an addition to the sarne fund the inthl th)ft8n unkss the donoror Ihe lerms oFthe appeal hav8 Specffjd otheThMse Contractual income and perfomw• Y•lated grants This Ya not aPre8b l)ohatod goods Th8re donated gwj. Donated ••r¥lceJ ahd tscllltkn% Donated $¢rvi¢es and facilit5 are includ8d in the SOFA wTrn fyLNwJ at lh8 value of the gfft to the Charity prowded Ihe valL of grft can rsured reliab Donated SereS and ts¢ilthS that aTe consurned imm&1ot a reo)gntsed a5 incoW Trmth an equivaknt amount re¢iyJn*ed as an 8)P8nsg under the apwoprHts heading th? SOFA The charty has inwrred expenditurE on 5UFwI costs. 10
Volunt••r hP The value of any volunt8ry help [BNe rKJt h)d in ts a(ts)unts b1$ deSCrit in lh6 trust8e8' annuat teport Thesè are recognw1 as and vthen Inmme from memb•r5hlp b8¢tIOn Trfhes and offerirvJ r(¥$d frcfft Ihe are in ts nalure ofa gfft arg rectJnj 85 tknatrons. and Legacies 8ttlom•ttt of Insuran¢• clalm¥ Insuran cLqims are onty included in SOFA when th gerat NicowrÉ wnthn criteria arè met15.10 to 5.12 FRS 102 SORP} aTrJ are Ld as an rtem ol Olher irKorne in the SOF InvM•t g•lns and 1058•• This includes any realisgd or Unled gain5 or k)$58s Ihe Sa of l¥85thts aThJ any gain or toss resulting frcth revaluin9 investments to market value atthe end of the year. 2.3 EXPENDITURE AND LIABILITIE8 Llablllty rocogttltlon Liabilities ar¢ rewnk%ed where it 1$ more kety Ihan not that there 15 a Wl orc£wtN thl¥atron cornmitbng the charity to pay oul resources ang the arrojntof obltyJab"on L¥n t mga8ured TrMlh rèasonablè cetsinty. Support costs have been alkJcated tetsten go¥emance ¢ts a1 othersupwrt. Governan Costs comprkEe all ¢05ts invofving put a¢ntablkty of the ¢harty and it5 ctynplKgnce rEgu18bon and good pra¢tKe. Support Costs include traI fUnCtn$ and have be8n aUrKated to actmty rAJSt categor$ on a bask con51StentMrith the use of resources. alkcab"Tra woperty costs by fkjorareas, or pertsprta. staff ¢05ts by tine spent and olher cthts by t1r usage. Grnts wlth perf¢rnMbK• condllio The Charity 18 not awarding grant to any organi8atk)n Grathts payabl? wlth•tst PertwMa conditions Where Ihere are no corKJitions attachirs lo the grarTrl that enabkn Ihe th)norchanty to realthafly avoid the cornm1nt, a liatslty for Ihe fvll hAr1j oblwJabon must te rwnwl. R•dwndancy charity made no redundancy payNnts during ts reporbrYJ D•t•rred lthe•m No mat8rh?l item ofdefeffèd income has %counts. Credltors The Charity h8$ crEditus whpch are rrwured at settkn amowts any tr discounts Provl$lon8 for liablllll•s A liability is measured on recognits)n at its hi8tal 8rn1 thefi subsequenty Maasu 8t the best 8$tMnata of the amount required to 58tlle Ihe OblbJaft at Ihe rethg (Jate Baslc fln*nclal ltt¥trum•nts The ch8rty accounts forb88ic financkql instruments on inthal r80)gn.on a5 perparagraph 70.7 FRS 102 SORP. Subsequent m6a5urwnent li as per paragraphs 11.17 to 11.19. FRS 102 SORP.
2AA Tanglble flx•d •ts for by charlty Thgse are ¢apitali$ed rf they c2n be used for rnore ihan cne >ar, cc6tat knt They are valued at cost. The depreciation rat8s snd rnethlth usaj are dwkjsed in nots 7. Intanglbl• flxed assets The char5ty has no intangible f1 ass815. that s, non-mw that do not have physical $ubstance but a hYentrfiab arKI are ¢¢)ntrolknl by the cha¥ty thrwgh or 81 rights. The amorti$abon rates and rnethcJ5 used are dkck¥8&1 in note 7. TW a valued atC05L The charty has no herrtage assets. that ts. rrHmonetsry assets WTth histcfic. artisbc. $¢ItIfiC. ted)nOlOga1. geophysical orenvironrnental qualths Ihal are h81d and Maintair princwty ffxts ¢ontributson to knowkdge and cuthJr8. The depretsab.on rales aTrJ methc#S5 Used a5 dis¢losed in note 16 not awJlKabk durirwJ th• FerIC trMJt theytt Valu at cost Inv•stmonts Fe asset investrts in quot•J shafgs. IwthS •KI $¥nkr 1n¥eStsTts vahJ&l at inthal al c05t subsequentty at fair value {thr marf(et vahjel year end. Th8 same treatsr is appr to unlk5tsd inve51rnents Un tsir vatue ¢annot be mgaSuj re1k?Y in whth r2se it is measured at Cost less impairnent Investrnents lkJ for resak9 or peTrJir#J their sale and cash atKI cash UNa18ntsth a rnabJrty date of kn5 than 1 year are as rAJrrent asset n¥estrnènts D•blors Debtors linduding tr&Ye debtors and bans reetNabl we aSured on initKg1 Tecogthrffft at setfernenl amount after any trade di%counts or amount advanced by the charity. Sub5equertty. they 8re measured at or other consk1eratk?n exF4Cted to L Te¢eNed. The charity has has Invesbnents whw fÉ hokls for resakd or p8ndiNJ 1r Sa and cash and cash Uivants with a maturity dale less Ihan one year These inc&Jde cash on deposit cash u1vants wth a maturity dale of kn than year hekl for inlMt purposes rather than to meet short term cash wmmitments 85 tt*y fall éu&. They ar8 valued atfairvalue exwlwhere they qualfy a5 bax instruments. POLICIES AIKIPTED ADDITIOIIAL TO OR DIFFET FROM TIIOSE ABOVE There L4 no any olher policies 8doptaJ.
CROSS STREET BAlmST CHURCH NOTE TO THE ACCOUNTS CONfD FOR THE YEAR ENDED 31ST MARCH. 2024 Il•t• 3 T1 Fund5 y•3r Fund rthes & C¥fenro4s GrftAkYs Total S1,SS0.61 5.1n.11 727.72 SI50.61 5.177.11 5A727.72 47.567 $803 1S,Q55.TT 113.93gAO 0[. knteregt I(. et Total 86.¢MO 3,d6S 89.47$ t$,055.77 113,939.80 TOTAL fllCOME 170.667J2 170.667.52 137.IM2
CROSS STREET BAPTIST CHURCH NOTE TO THE ACCOUNTS CONTD 14ote 4 FOR THE YEAR ENDED 31ST PAARCH. 2024 Analy51¥ af expendttur• Pvlor year Fund8 DIRECT cosr Fur Funds Funth w(K5p & Media Exptse8 Youth Evargdw ks5K HorJw3rium pendAanCe Sats T11 ConlerencelCLYwJre551SetninBr Smart Penston HMRIPAYE & NIC I 2.1[.LI) 4K6.89 1.109 98 610.00 29.186 43 1.0%.$3 7.623.42 6.089 86 2.100.00 4.466.89 1,10998 610.00 29,18e.43 1.0.53 7.623.42 6.089.86 3,890 1,081 1.023 570 23,192 6,878 5.724 512U11 SUPPORT COST CkanirwJ & Pest Contr WdlarE. GIR5 & Dwtic Water Rate Council T8X Repws. maintenarKe Rerxwa PrinbrKJ. Postage arnl Stafr(Mry & Intemet {TISoat Expenses InsurarKelPaTkintsrK Transpcrt & Travd Ew8es SUbscriptss Refreshmwl arwj Enalr¥I Depreciatron of Assets Ekctricty. Gas .Fu4 aTr101 Manse (fekCommunAticfflI Manse IHeab"ng & LohbrvJl Manse (Water R8tes} 52,283.11 43.246 2.148 44 1.386.81 1.949 04 2.217.59 416 22 425.110 1,.69 676 80 3,98124 1.63t.54 453.49 2tr2.85 21.5TO.4D 12.811.16 561.60 2.148.44 1,386 81 1.949.1>¢ 2.217.59 416.22 425.(MJ 1,59S.69 676.80 3.981.24 1.631.54 453.49 282.85 21,570.40 12.811.16 581.60 2292.LY) 814 26 55 215.13 3.751 1278 5.857 2,090 7,024 360 1.174 247 463 21.570 4,382 814 26 55,21S.13 1,550 55,700 TOTAL EXPENMRE 107,498.24 107A98.24 98,946 14
CROSS STREEf BAPTIST CHURCH NOTE TO THE ACCOUNTS Not• S CONfDI FOR THE YEAR ENDED 31ST MARCH 2024 5.1 Fees forexamination of the accounts Pka88 provyje detaiLg oflhe SM paK1 forany ststtrtoryÈxtemJ Scthy ofaoxwrts arK1 (thr servw prowded by yow inLIeFÉt examir£r. h"r1d tAea8eenter'(l apprcptste L{e$l. OOVERMAN¢E COST Thh Y•ar Last yoar Independent exam%8 fees Legal FILkng Fees 125.C 125.IKI 1.32S.LKI 1,32S.00 15
CROSS STREET BAPTIST CHURCH NOTE TO THE ACCOUNTS ICONTDI FOR THE YEAR ENDED 31ST MARCH, 2024 Note 6 Pald employees Please ¢ompl8te thk8 llOt8 rf the cl)arty has any empkn)Ees. 6.1 Staff Cost8 Thij Ye•r La$tY•ar SalarEs and wdg8s Social se¢urty costs P8llsKin CC6ts Idefined Tot•1 staff costs 29.186.43 6.089 86 7.623 42 41899.71 23,192 5.724 6,878 35.794 paSe detwL% c4 ex4nditure staff working forthe chantythose Contracts are and are paid by a rElated F48rty PK8ase gNe detaiLs of Ihe num of 8mpk)>ws wh058 tobl ernF4oyee ben6fft5 (excluding empbyer pEnsion Costs) fell within eath band of £10,oc frcth £60.(KN) upwards. 1fthe no such transacbons. pbase entef in the box pmvthAI. No employees reed empwe benefits {excltsthng 0rnpkiWs)n costs) forb reportiTrJ peri of more Ihaft £eo,000 £60,000 to £69.999 £70.000 to £79.999 £80,000 to £89,999 £,000 to £99.999 £109.999 Number ofernplo$ NIL NIL NIL NIL NIL 16
CROSS STREET BAPTIST CHURCH NOTE TO THE ACCOUNTS ICONTD Note 7 ran91e a5Sgts FOR THE YEAR ENDED 31ST MARCH 2024 FvFehold land & Equlp bulidtng• IW & FUMte & Ixjlldings Flttrngs Total 2023 ditlo 3.637.773.00 333.53144 10T.851 4079.157A4 4QIJ8022 A32358 4999,787 Di8mt8 8W&eO 79.390 At end ofts ye4r 7.2 DfyprgcFatton aml lrnpairnwrtS Freehokl Prop Motor Veh FlureS & Frtbrys Chl Equipment Con7puter Equipr[t 1681853.22 371.856.02 107 85100 4163.$61.24 4,079.1S7 Rate Strd¥ht LirE IAÈ Al Winnwg oftrEyear DlspcK%&Js Deprecki1itin ImpaMeThI Transfers. I or DuC) AteTrJ of the year 41140AO 4&1480 20.fo 21.$7OAO .670.40 21.571 7.3 Not book value Met book v41L at Ihe begfftnhg olts Yr. 3,637.773.00 333.53144 Net bo(kk value at erjd ofthe 3.681853.22 371 85&02 63.711.20 64711.20 42.141 65 71120 4037,016.64 44.140.80 40918S0.Q4 037.016 17
CROSS STREET BAPTIST CHURCH NOTE TO THE ACCOUNTS Nol• 8 CONT'D) FOR THE YEAR ENDED 31ST MARCH, 2024 Credftor8 and actal8 Amounts fallin ue after rnore than one ear 2024 nts fallin thin one 2LY24 du ar 2023 2023 AccnJed Professial F8e8 HMRC IPAYE) Pension Total 1.375.00 2.750 1,375.(K) 1750 18
CROSS STREET BAPTIST CHURCH NOTE TO THE ACCOUNTS CONT'D Not¢ 9 FOR THE YEAR ENDED 31ST MARCH, 2024 Cash at bank and In hand Th18 Year La6t Yèar C8sh-on-hand Current A¢Unt Deposf( %Mth T88 Deposit LBPB Total 272.59 27.555.09 30.671 C6 1,32146 $9.820.20 216 30,388 1,321 1.259 62,184 19