REGISTERED CHARITY NUMBER: 247761 ort of the Trustee5 and Audited Financial Sialements for the Yegr Ended 30 June 2024 for The Order of The Cros5 Town & Forest Chartered .4ccountants & Statutory Auditors First Floor. New Barnes Mill Cottonmill Lane St Albans ALI 2HA
The Order ofThe Cross Contents of the Financial Statements for the l'ear Ended 30 June 2024 Page Referellce and Administrative Detgils Report of the Truslees 2 to 10 Report of the Independent Audito Statement of Financial Activitie5 13 Balance Sheet 14 Cash Flow Stgtement 15 Notes to the Cash Floiv Siatement 16 Notes to the Financial Statements 17 to 25 Detailed Statement of Finallcial Activities 26 to 27
The Order ofThe Cross Reference and Administrative Details for the l-egr Ended 30 June 2024 TRUSTEES Mr Bernard Fallon Mrs Rayleen Finn (resigned 23.11.23) Mr lan Heathcote Ir Roger Score Mrs Sarah Palmer Mr David Nluir Is Cathy Jo Oerter (appointed 12.1.24) Mr Paul Nathan (appointed 9.1.25} Miss Rebecca Keen (appointed ?1.2.25) PRINCIPAL ADDRESS ?7 Old Gloucester Street London WCIN 3AX REGISTERED CHARITY NUMBER 247761 AUDITORS Town & Forest Chartered .4ccountants & Statutory Auditors First Floor. New Bames Mill Cottonmill Lane St Albans ALI 2HA SOLICITORS Hewetts 55 - 57 London Street Reading Berkshire RGI 4PS INVESTMENT lANAGERs RBC Brewin Dolphin The Chativin Building 81 Colmore Row Binningham B3 2BA CCLA Inveslment Management Ltd COIF Charitv Funds One Angel Lane London EC4R 3AB Page I
The Order ofThe Cross ort of the Trustees for the l-egr Ended 30 June 2024 The trustees present their report with the financial statements of the charity for the N'ear ended .30 June 2024. The financial statements have been prepared in accordance with the accouniing policies set out in notes to the accounts and comply with the charity's goN'eming document. the Charities Aci 201 l and the relevant version of the Stateinent of Recominended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in ihe UK and Republic of Ireland (FRS 102). AIM AND PURPOSE The Order of the Cross is an infornial Christian Fellowship, dedicated to the Compassionale Life and the realisation of the Christ within. Since its foundation in 1904 it has promoted a pacifist and vegetarian way of life. Our aim is to offer SUp)rt and encouragement to all who would espouse the Aims and Ideals expressed through the writings of the Founder, the Reverend J Todd Ferrier. OBJECTIVES AND ACTtVlTIES Objectives and .4etivities The Order seeks to achieve the purpose through.. a) the holding of worship services, meditations and meetings where the Founder's writings (referred to as "the Teachings") are read and studied in an elevated atmosphere conducive to spiritual aspiration and healing- and b) the publication, sale and dissemination of the literature that contains the Teachings. The Order organises and provides financial support for regular "Gatherings" of Members and Enquirers (interested non- members) at retreat centres in the UK, North America and Australia. Central to the programmes of the Gatherings are worship services and meetings to study the Teachings. The programmes include times of informal felloH'ship for individuals to share experiences. Some of our services and Ga(herings are for attendance by families with children. Worship services and meetings for the stud). of the Teachings are held in a few localities in the United Kingdom, North America and Australia to which interested Enquirers may be invited. There are weekly services and readings by Conference call and by videoconference ihat are particularly N'alued by isolated Nlembers and Enquirers. The Members in local Groups appoint representatives to Area C.ounci1s who meet annually as United Councils whose function is to support the spiritual culture of the Membership and to guide Enquirers in the Teachings and in the way of life of the Members. The Order announces itself (o the wider public by means of its IA'ebsite (orderofthecross.org) which is indicative of the nature of the Teachings, hoTh' contaci may be made with the Order and how the Order's literature may be obtained. The Trustees have considered the Commission's guidance on public benefit and, in particular. the specific guidance to charities for the advancement of religion. The Tiustees seek io bring the Teachings to the attention of all those who may be drawn to their deeply spiritual message and to include in the religious and social activities of the Fellowship any who may wish to share in ihe personal development that such contaci brings. Page 2
The Order ofThe Cross ort of the Trustees for the l-egr Ended 30 June 2024 ACHIEVEMENT AND PERFORMANCE Membership and Enquirers Nqembership of the Order is available to those who show a deeplv held interest in the Teachings and a commitment to the way of life described therein which includes non-violence and a strict vegetarian diet. Admission to Membership of the Order is at ihe Trustees, discretion. Anyone seeking Membership applies in writing indicating wh> he or she wishes to become a Member. The application mus( be supported in wriiing by tsvo Members. We are willing to welcome new Members regardless of their colour, ethnicity, race, disability, Sexual orientation or religion. The Trustees provide a point of conthci for members of the public through our H'ebsite (orderofthecross.org). It includes attractively arranged material that indicates the nature of our values. literature and activities. We continually seek to improve and refresh the w'ebsite. We refer to individuals, non-members, who are interested in the Teachings as "Enquirers" Contact is usually made initially by email. Where an Enquirer shows Strong interesi and looks for personal contact ive may be able to arrange this with a local Group if there is one close to the Enquirer or by videocall or after an initial meeting we may invite the Enquirer to attend one of our Gatherings. We send such Enquirers a regular publication. 'Spiritual Reflections" that includes articles relating to the Teaching5 and the programme of forthcoming Gatherings. This Serves as a form of contact with those seeking to understand more of the life to which the Order calls. All Members worldwide receive a regular Newsletter of articles and infomiation. There is no membership fee. Members and Enquirers may make financial contributions on an entirely voluntary basis. The Order does not conduct any public fund- raising. Meillbers may be inwited to minister at worship seTh'ices or to lead study meeting5. Members sometimes minister at funerals. Members train for this ministry initially through participating in the activities at local level. or at Gatherings. and then through leading services and study meeiings in small groups and through infornial guidance and feedback. oirices held by fvlembers are honorary. Members ma>. claim Iravel and other incidental expenses necessary for the perfomiance of their duties. Areas and Coullcils The UK is divided into Areas where Nlembers within each .4rea may meet in Council at least once a year to share the experiences of the work in the Area, to plan Area Gatherings of NIembers and Enquirers and to consider any other inatters that may arise. Each .4rea may send one or more representatives for a similar annual sharing in a body known as the "United Councils" where there are also represenlatives sent from North America and Australia. A representative from each Area in the UK, North America, Australia and New Zealand together with an executive cornprising Chairman, Treasurer and Clerk meet twice during the >'ear in a committee knOn as ihe United Councils Committee. The Committee organises a meeting as the United Councils with Representatives and Members that in 2024 was held at the start of the Easter Gathering {see under Gatherings). C105e liaison between the United Councils and the Trustees, including joint meetings between ihe United Councils Committee and the Trustees, ensures that the views and needs of all Members of the Order are taken into account. The structhre of the Councils is such thal everyone who is deepl) inlerested in and involved with The Order of the c.ross as a Member or Enquirer can have their needs recognised, their ideas considered and their spiritual life nourished. Members of the c.ouncils pay particular attention to keepints in contact with frail, isolated and neil. Meinbers in their Areas. They contact Enquirers who have expressed the desire to know more of the Order Teachings and ihe way of life of the Members. The Areas and Councils are essential to the canying out of the Order's charitable objectives. The United Councils C,ommittee receives income from the Orderfs restricted fund5. Thev may receive donations from Members. The Councils draw as and when needed from the Order's unrestricted funds. The financial reporting of the United C4)uncils Committee is consolidated into this Annual Report and Accounts. Page 3
The Order ofThe Cross ort of the Trustees for the l-egr Ended 30 June 2024 ACHIEVEMENT AND PERFORMANCE Gatherings in the UK Gatherings. where for a few days at a time Members and Enquirers. scattered geographically, come together at a retreat centre to share worship, study and fellowship, are Central to the functioning of our community-. In the year 2023 - 2024, the following such Gatherings were held in the UK: 0 215t to 25th July 2023, Gathering at the Ammerdown Centre near Bath 0 25th to 31 st July 2023. the Families Gathering at the Ammerdoivn Centre 0 6th to 8th October 2023, Gathering ai Sheldon Retreat Centre near Exeter 0 16th to 23rd October 20?3, Gathering at Glenthorne, Grasmere, Cumbria 0 28th March to I st April 2024, Easter Gathering at Sarum College. Salisbury o I st to 8th April 2024, Creative Gathering at Swanage, Dorset 0 8th to 16th May 2024, Gathering at Glenihome. Grasmere. Cumbria The Easter Gathering included the Members meeting as the United Councils, as mentioned above. This Gathering also included the annual Members, Nleeting arranged by the Trustees, when consideration was given amongst other matters to the Order's finances. publications and M'ebsiie. No fees are charged for attendance at the Gatherings. Instead, attendees are informed of the cost of accommodation and food and are invited to make a financial contribution. Children and Young People Although children are taught the iva). of life exemplified by our founder primarily in the home. special time5 of ivorship suitable for children are arranged by (he Groups if they have young children in their area. The main event that catered specifically for children M'as: Ammerdown Centre near Bath The Family Gathering as held at the Ammerdown Centre near Bath was once again a most successful gathering open to Members and Enquirers and comprised times of worship and study of the teacliings of the Order. The programme included music-making. art and crafts. The needs of the children were well catered for with a special prowme of activities. The Trustees have a policy for the protection of children that is brought to the attention of the organisers of gatherings and other activities. The Trustees regularly review iheir Safeguarding Policy and Procedures for children and vulnerable individuals. Page 4
The Order ofThe Cross ort of the Trustees for the l-egr Ended 30 June 2024 ACHIEVEMENT AND PERFORMANCE The Order's Work in North America The American membership is a ¢lose-knit community that shares together frequently. The American Council (NAA) sees to the activities of the fellowship, and the USA Corporation administers the investments and sees the council has the funds it requires to operate. The Uniled States and Canada are grouped into three regions b). time zones- Eastem, Central and Western. Each region has a leader that corresponds either bj. email or phone calls w'ith members in their area for any needs or wants that they may have. The representative of each region gives their report at the annual North American Area (NAA) meeting. Members and Enquirers are encouraged to attend the NAA gathering. One day is set aside during the eek for council matters which includes the area reports. literature. and treasurer's report among many other items on the agenda as members consider the needs of the fellowship in North America. This year's meeting was held at the Ojai Retreat Centre in California during Septetnber. Over thirty mernbers and enquirers attended from the Western, Central, and Eastern areas, the United Kingdom and New Zealand. During the week worship services, meditations and studies were shared daily. The Tnlee Liaison reported on the Work being done across the world and the changes that happened the past year. Several enquirers were sent literature and books from the Westem region bookstore in Barstow. Califomia this >'ear. A quarterly American Newsletter is sent from the editor in the Central region to link the members and to make them aware of what is happening in North America. Australia and New Zealand An international gaihering took place in Adelaide in November ?023, with attendees from various parts of Australia, from New Zealand, and from the UK. During the )'ear. the Ausiralian Council ceased to function and members are continuing to communicate by video conference calls and in some cases visiting other meinbers for weekends of felloivship and study. Preparations were made for a gathering in January 20?5 in New Zealand which some Australian members attended. Those who w'ere able to travel to either the UK or USA to attend gatherings were encouraged to request assistance with flI)ts and accommodation as appropriate. International Conference Calls The sharing of services and meetings bv means of conference calls was initiated by Members in North America and now fom]s an international "virtual" community also involving Members in Europe. Australia and New Zealand. This is known as the Communal Sharing Circle and provides for those Members and Enquirers worldwide who wish to take part in a weekly service or reading of the Teachings. Groups meeting by videoconference to read from the Teachings have multiplied and become global in recent years. These groups are held daily., weekly or fortnightly. A Virtual Area Clerk liaises and Coordinates this unifying development. Publications Our main stock of printed books is mainlained at a self_storage facility in Gloucestershire. This is close to. and accessible to, our Literature Secretary who responds to requests for copies of ihe books and sends them by post. We also have Literature Secretaries based in North America and Australia who keep stocks of books for distribution in their part of the world. Whenever the stock of any book becomes low, it is reprinted to replenish the stock. Five titles were reprinted and made available in 2024. Page 5
The Order ofThe Cross ort of the Trustees for the l-egr Ended 30 June 2024 ACHIEVEMENT AND PERFORMANCE We continue to apply the new pricing policy introduced in 20? l and have extended it to non-members. Members and non- members can obtain any of our publications free of charge: including posthge and packing if ordered from one of our Literature Secretaries. A voluntary contribution is encouraged, supported b), a price guide. Our books can still be purchased in the usual way by anyone from a range of public suppliers at commercial recommended retail prices. Guaranteed authentic versions of our printed books are available worldwide from Gazelle via our website. Our printed books continue to be available from Amazon and Alibri and other distributers, but authenticity cannot be guaranteed. PDF versions of five of our booklets continue to be available. free of charge. for download from our website. We have six titles published as eBooks, available from most online bookstores. Periodicals Althou(Jh based in the United Kingdom, the Order is a felloii'ship of like-minded individua15 dispersed around the globe, some in locations isolated from the main centres of activity. The periodicals produced by the Order are therefore central to maintaining the communication links which unifv the Order as a fellowship. There are three periodicals: l. Members, Newsletter The Members, Ne,sIetter is the principal periodical issued quarterly in an A5 full colour booklet format. The Newsletter continues to be distributed to every Member around the world. some of whotn receive it electronically at their request. It alivays opens with a quotation from the Teachings and provides details of Order events around the world- notification and the means of application are provided before events and reports are published after events. The Newsletter is a forum for Menibers to contribute articles which reflect upon the Teachings and their relevance to conternpordry living and the arts, and for Member5 to share their creative gifts, especially in the writino of poetry and in the visual arts, including colour photography. 2. American Newsletter In America, the Members have continued to priKluce great newsletters ivith infomiative and inspiring articles directed mainly to American Members and Enquirers. though they are sent all over the world. 3. Spiritual Reflections The periodical Spiritual Reflections is sent to interested non-members and Enquirers. In parallel with the Members, Newsletter, four issues a year are produced. It opens with the same quotation from the Teachings as the Members, Newsletter and provides details of the Order's events around the 'Orld i%here seekers and friends are encouraged to attend- notification and the means of application are provided before such events and reports are published after evenls. Items and articles from the Nlembers, Neii'sletter are included in Spiritual Reflections that are of interest to this wider readership, including Colour features. Comment and interpretation is provided to introduce the extracts from the teachings and make them accessible to newcomers. General Data Protection Regulation (GDPR) In compliance with GDPR, the Trustees have written confinnation from virtually all Nlembers that they agree to have their contact detai15 held by the Trustees for contact by other members for pastordl reasons, and to receive the Mernbers, Newsletter. The Trustees have similar written confinnation from Enquirers to recei¢ the Spiritual Reflections. Page 6
The Order ofThe Cross ort of the Trustees for the l-egr Ended 30 June 2024 ACHIEVEMENT AND PERFORMANCE Websile The company. Salad Creative, of Poole DorseL 'aS selected io create a new 'ebSite and io provide training so that the members, Iveb group would be able to manage the da)" to day runninu of it. The development has been a big task with rnany video meeting5 a5 well as some face-tfrface time with the developinent team. All being well. it is hoped the new site will be available in early ?025. The principal purpose of the website is to be a point of contact and reference for The Order of the Cross, and to create an atmosphere such that anyone visiting the site should leave feeling more uplifted. It is an important part of the brief that the site is future-proofed as much as possible. Premises The Order owned premises in London used pritnarily forthe provision of piiblic worship services until 2012 when the property was sold. After consultation. the Trustees concluded that due to the geographical dispersion of the active members and the limitations in the practical support tha( they can give. Ihe in(erests of the membership and the work of the Order were best served if. for the time being, the Order did not acquire premises. This has released resources so that Members can give greater support to their local areas and focus on a rich spiritual prooramme of meetinos and gatherings, without the distraction of managing human and physical resources associated with property ownership. The Order's literature stock and anj. essential artefacts used for Gatherings are held in conveniently located secure 5elf-5torage. Artwork and a few special fumishings that could be used for nevi premises are in long tenn storage. Based on experience since 2012, the Order ha5 continued to be satisfactorily administered without the need for a headquarters property. FINAIYCIAL REVIEW Reserves Policy A major part of our income is from investments and deposits. Particular attention is given to investing ethically, consistent as far as p055ible with the Order's Aims and Ideals. We adopt a moderate degree of risk in our investment policy, though our investment portfolio is on the more volatile side of moderdte as our ethical policy steers us away from large conglomerates and defensive stocks that are generallv incompatible with our ethical criteria. We seek a balance between income and capital growth. Approximately l O % of our advised investments are in fixed interest stocks and bonds and the remainder are mainly in equities. A major part of our equity and bond holdings are in ethicall)" uuided collective funds. Much of the remainder of our invested funds are in directly held UK shares selected from a list supplied by EIRIS (Ethical Investment Research and Infom]ation Service) based on our ethical criteria. The selection of collective and listed investments is advised by our investment manager, Brem'in Dolphin. 80/0 of our total funds are held in the CCLA Property Fund. 1.5 % of our total funds are held in a high yield bond issued on behalf of a registered housing charity,. The volatility ofthe investment portfolio is countered by the substantial deposits that provide a defensive capital stability. Subject to prudent limits. our deposits are held with banks that have ethical policies and with building societies. Major Risks The possible risks associated with the Orderfs aciivities are reviewed regularly by the Trustees and where necessary addressed proportionately. Page 7
The Order ofThe Cross ort of the Trustees for the l-egr Ended 30 June 2024 FINAINCIAL REVIEW Review ofthe Accounts (l July 2023 to 30 June 2024) The following coinments are intended lo indicate the main reasons for significant year-on-year changes to income and expenditure shown in the Statement of Financial Activities included with this Report. Total incorne was higher compared with the previou5 year due to higher interest rdtes on deposits. There were balance transfer5 from some Areas as they closed their bank accounts and these are recorded as "donations" During the year the charity was notified of a legacy due from the Estate of ihe late M Walton amounting to £?.578,997. The legacy has been included within these accounts as it is probable that it will be received post year end. Resources expended were generally higher than in the previous year, though as usual, expenditure increased in some areas and reduced in others. Alw'ays our largest item of expenditure is for Gatherings in the UK where 14'e bring together, usually at a residential retreat centre. members and enquirers for a few days of worship. meditation. study and fellowship. This cost increased over the previous vear due lo inflation, increased attendance and one extra gathering in April 2023. The second largest item of expenditure was travel subsidies: these incrvased considerably as we assisted more members to travel between the UK, USA, Australia and New Zealand to minister and otherwise assist at or attend Gatherings both overseas and in the UK. As our number of members gradually reduce. our international contacts. virtually and in person, have increased. Other items of expenditure showing substantial increase were: Trustee and United Councils meetings in person - as our latest two trustee appointee5 are resident w'ell beyond Southern Enoland ivliere we meet in person, Tnjstee travel costs have risen substantially - also there was an additional weekend meeting bringing the totsl of such meetings to four in the y&qr- projects that required additional expenditure were the professional recording of our hymns (the costs are included under "Worship facilities"),. professional development of our iyebsite Still ongoing at tlie tiine of ivriting to make the H'ebsite more appealing and infonnative to enquirers, and easier to manage. reprints of our publications that ivere running out of stock. and in October 2023 a donation of £15.000 was gi.en to The ,4bbey Sutton Courtena).. a retreat centre that we use for Trustee Ineetings, which has charitable aims similar to our - the donation was to assist it5 re-establishment after re-opening in 2023. STRUCTURE, GON'ERNANCE AND MANAGEMENT Governing document The charity i5 controlled by its uo%'eminu documenL a deed of trust and constitutes an unincorpordted charity. Page 8
The Order ofThe Cross ort of the Trustees for the l-egr Ended 30 June 2024 STRUCTIIRE, GOVERNANCE AND MANAGEMENT Charity constitution The Order 15 adininistered by a Council of Trustees who have ultimate responsibility for carrying out the work of the Order and for dealing with its finances. The governing document of the Order is the Declaration of Trust drawn up by the Trustees of the Order in August 1944. This document incorporates a Leuer concerning the Future Administratioi) of the Order, written by the Founder in 1942. The charitable purposes of the Order of the Cross are set out in a Supplemental Trust Deed executed in 1972 prior to registration with the Charity Commission. The Schedule to the Supplemental Trust Deed reads: "The priniary purposes of the Order are as folloivs= ( l ) The advancement of the Christian Religion in accordance with the Founderfs vision and interpretation (2) The holding of regular Services of Public Worship (3) The gii'ing of instruction in the Christian Religion as interpreted by the Founder to the young and in furtherance of the aforesaid primary purposes- (i) The practice of Christian healing by spiritual means (li) The provision of facilities for and the protnotion of religious conferences and retreats (iii) The publication of the Works of the Founder and other books and periodicals descriptive of the Work of the Order (iv) The training of members to act as ministrants for the Order in public worship and in spiritual healing." Overseas, The Order of the Cross USA is a Reuistered Cortrt)ration, tax exempt, H."hich attends to financial and legal matters concerning the Order in the USA and works in close cooperation with the Trustees. Our Australia and New Zealand Area Committee that went through a legal process of incorporation in Australia a few years ago have now closed their non-profit company due to a lack of Australian members coming fonvard to fill the directorships. Reeruitment and appointment of new trustees The Founder's Letter concerning the Future .4dministration of the Order stipulates that the number of Trustee5 continue5 to be nine, though the Twstees resolved in .4pril 2023 to reduce the number to seven. When a vacancy occurs (normally as the result of retirement) the coniinuing Trustees. who are all Nlembers of the Order of the Cross, appoint another representative Member to fill the vacancy. The contraction of the membership and scale of activities in recent years have led us to the view that seven Trustees are sufficient to encompass tlie Order's administration. We take the vieiv that our goveming document allows lis the flexibility to vary the number of Truslees who may be appointed. Responsibilities for the various aspects of the work and administrdtion of the Order are assigned to individual Trustees. The Trustees keep in touch frequently, partly virtuall), b). videoconference. and partly by in-person 'Orking weekends at a retreat centre or other suitable venue. A time of prayer and meditation is an integral part of every Trustee meeting. The weekend meetings, held two or three times a year, provide valuable opportunities for extended consideration of the Order's work. The names of the current Council of Trustees are listed at the start of this report. At the time of writing, there is a vacancy for one Trustee. Page 9
he Year Ended 30 UDe 2024 STATEME OF TRUSTEES, RLSPONSIBILITIES Th¢ trLL41ees gre responsihle fnr prepBnng the Report of the TnLStees and the finBncid swements in accOrce with gpplicable law and United 'ngdoM A¢countin8 Stsndards (Uniled Kingdom Generallv Accepted Accounting Practsce) ll)d8 Financial Reporting Stsndard 102 "The Fin8ncial Rcportmg Stsndard applicable in the UK and Rcpublic of Ireland.. The law applicable to charities in England and Wai¢s. the C.htirities Aci 2011. Chsity (Accounts find Reports) Regujattons 2008 and the proi'i5ions uf thc Itust dccd r¢quircs the tnle¢S to prepare finaD¢iAI gtatemenlg for pnch fin2neiAI vear ¥Athich give a true and fair vieiv of the state of affwrs of the chants. and of the incommg Te50urces and application of resources, including the income expendihire, r)f the charity. foi that perisyj. In preparing those financial statements, the trustee5 are required to.. s¢lecl Suitable accountsng policios and apply them consislthuv. observe the methods and principles in the Charitv SORP. make judgements and esu'maies thaÈ aTe rcaSUllÉiblr ld ptudent: and prepare the financial statements on the going wncern bLSiS unless it is inappToprial¢ lo presume that the charity will ¢ontsnue in busiD&gs. The trusiees are r&8ponsible for keeptng proper accountsng records Mthich th"sclose iiyth r&tsonable accuracv at any u.me the financial position of the charity and lo enable thern lo ensure thai the financi slalemthis comply with the Charities Act 2(J i i. the Charity {Accounts and Reports) Regularjons 2(K)8 and the proi'isions of Ihe trust deed. Thev &re also responsible for safeguarth.ng the &%scts olthe chatity and hce for tsk.ing reasonable sieps loi thc preTrention and detection ollraud and other itTe8U1ilIcs. Approved b)" order of the board of trusiees on .... 19-4 2oziand signed on its behalf bv: Mr Roger Score- Trustee Pa8e 10
ort ofthe Inde endent Auditors to the Trustees of The Order of The Cross Opinion We have audited the financial statements of The Order of The Cross (the 'charity') for the year ended 30 June 2024 which comprise the Statement of Financial Activities. the Balance Sheet. the Cash Flow Statement and notes to the financial statements, including a siimmary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable la. and United Kingdom Accounting Stsndards (United Kingdom Generally Accepted Accounting Practice). including Financial Reporting Sthndard l O? 'The Financial Reporting Stsndard applicable in the UK and Republic of Ireland,. In our opinion the financial statements.. give a true and fair viem. of the state of the charity's affairs as at 30 June 2024 and of its incoming resources and application of resources, for the year then ended. have been properly prepared in accordance with United Kingdom Generall}". .4ccepted Accounting Practice, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland,; and have been prepared in accordance with the requirements of the Charities .4ct 2011. Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors. responsibilities for the audit of the financial statements Section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audil of the financial statements in the LIK. including the FRC'S Ethical Standard, and we have thlfilled our other ethical responsibilities in accordance with these requirements. We believe thai the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going eoncern In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have perfomled. we have not identified any material uncertainties relating to events or conditions thaL individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant section5 of this report. Other information The trustees are restx)nsible for the other inforniation. The other information comprises the inforniation included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon. Our opinion on the financial statements doe5 not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibilitv IS to read the other inforrnation and, in doing 50, consider Nvheiher the other inforniation is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, w'e are required to deterniine M'hether this gives rise to a material misstateinent in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Matters on which we are required to report by eiception We have nothing to report in respect of the folloiving matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if. in our opinion- the infomiation given in the Report of the Trustees is inconsistent in any material respect with the financial statements; or sufTicient accounting records have not been k-ept- or the financial statements are not in agreement with the accounting records and returns; or we have not received all the infomiation and explanations we require for our audit. Pagell
ort ofthe Inde endent Auditors to the Trustees of The Order of The Cross Responsibilities of trustees As explained more fully in the Statement of Trustees, Responsibilities, the trustees are responsible for the preparation of the financial statements which give a true and fair view. and for such internal control as the trustees determine is necessary to enable the preparation of financial statements thai are free from material misstatemenL whether due to fraud or error. In preparing the financial statements, the twstees are responsible for assessing the charity's ability to continue as a going concern, disclosing. as applicable. matlers related to going concem and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations. or haTre no realistic alternative but to do so. Our responsibilities for the audit of the financial statements We have been appointed as auditors under Section 144 of the Charities Act 201 l and report in accordance with the Act and relevant regulations niade or havinu effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial sthtements as a whole are free from niaterial misstatement. whether due to fraud or error. and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance. but is not a guarantee that an audit conducted in accordance with ISAS (UK) w'ill alwa)'s detect a material miss(atement when it exists. Misstatements can arise from fraud or error and are considered material if, individlially or in the reuate, the). could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.. We obtained an underslanding of the legal and regulalory frameworks that are applicable to the entity and detennined that the most significant are those that relate to ihe c.harities Act 2011 and FRS 102. We assessed the risks of material misstalement in respect of fraud as follo'S.. w'e made full enquiries with management and those charged with govemance. As part of our fraud discussions. 'e discussed particular areas 'e believed to be susceptible to misstatement. Also, during our audit, we paid particular attention to looking for any related party transactions. A rther descrip(ion of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uklauditor5respon5ibilities. This description fortns part of our Report of the Independent Auditors. Use of our report This report is made solely to the charity's trustees, as a bod). in accordance with Part 4 of the Charitie5 (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees ihose matters we are required to state to them in an auditors, report and for no other purpose. To the fullest extent perniitted by law, we do not accept or assume responsibility to anyone other than the charit), and the charity'5 trustees as a body.. for our audit work, for this report, or for the opinions we have fornied. Town & Forest Chartered Accountants & Statulory Auditors First Floor, New Barnes Mill Cottoninill Lane St Albans ALI 2HA Date.. 23 April 2025 Zara Dunster FCA (Senior Statutory Auditor) Page 12
The Order ofThe Cross Statement of Financial Activitie5 for the Tr-egr Ended 30 June 2024 30.6.24 Total funds 30.6.23 Total funds as restated Unrestricted funds Restricted funds Notes INCOiIIE AND ENDOWMENTS FROM Donations and legacies 2.596,766 2,596,766 Activities for generating thnds Investment income 8.978 296.59J 8,978 297,9)5 1,097 253,616 Total 2.902.JJ7 2,90J.679 288,466 EXPENDITURE ON Costs of raising funds 6.181 120 6,301 575 Charitable activities 268,257 1,500 269,757 225,879 (hher 129.968 129.968 112.534 Total 404.406 ,620 406,026 338,988 Net gains on investments 699,625 5,241 704,866 176,571 NET INCOME 3,197.556 240 4,963 3,202,519 126,049 Transfers beh%'een funds 17 Net movement in funds 3.197,796 4,723 3,202,519 126,049 RECONCILIATIOIY OF FUIYDS Total funds brought fonvard 11,594,949 53,706 11,648,655 11,522,606 TOTAL FUNDS CARRIED FORWARD 14.792.745 58.429 14.851.174 11,648,655 The notes forni part of these financial statements Page 13
30.6.24 TDtsI fimds 306.23 Tothl f(L8 Unrestricted Restricd fwds rd$ No FIXED A&SETS Tx8ibl¢ Ass¢ts 1187 7 577.863 2.187 7 636.292 3.068 6.951141 12 7.5AO.050 511.429 7.638.479 6.954,2( CURRENf ASSETS 13 .852 1675.398 4,14? 77(1 l.0_$4 1.852 2.675.398 4.1)? 7711 391.(I44 2.078 10.Xi8 Debiors 15 Cash al bank. 7.221.074 4.701.CA CREDITORS ATnounts [lg due Thithi"n one !'eaT 16 18.379) 18.379) 17.199) NET CURRENT.4&5ETS 7 ?12.69) 7.l1'69* 4.6.&16 TOTAL .45SETS LESS CIIRRENT UABILITtES 14.79? 74 14.Sil.174 NET ASSETS 14.797-,4j FU1)5 Unresmaed fiLnds Resincttd fijnds 17 14.79:.74i -71 TOTAL FUYDS The financial SLltements Th"ere appTOI'ed . the Board of Trusiees and authon5ed for Issue i ere s1cd on its behall" h. Mi Ro8¢r Scorc - TnLStrt The nOS forni pan of these finanual swemen Pa8e 14
The Order ofThe Cross Cash Flom. Statement for the Tr-egr Ended 30 June 2024 30.6.24 30.6.23 as restated Notes Cash flows from operating activities Cash genera(ed from operations 462,535) 287.040) Net cash used in operating activities 462.535) 287,040) Cash flows from illve5ting activities Purchase of fixed asset investments Sale of fixed asset investments Current investnients Interest received Dividends received (389,326) 409.041 {70,951) 141.393 156.542 (608,503) 61 J,583 (4,081,819) 97,2.36 156,380 Net cash provided by/{used in) Investing activities 246.699 3,82).123) Change cash alld cash equivalents in the reporting period Cash and cash equivalellts at the beginning of the reporting period (?15,836) (4,110,163) 606,890 4,717,053 Cash and cash equivalents at the end of the reporting period 391,054 606,890 The notes forni part of these financial statements Page 15
The Order ofThe Cross Iyotes to the Cash Floii" Statement for the Tr-egr Ended 30 June 2024 RECOIYCILIATION OF NET INCOIIIE TO NET CASH FLOW FROM OPERATING ACTIVITIES 30.6.24 30.6.23 as restated Net income for the reporting period (as per tbe S¢a¢emellt of Financial Activitie5) Adju5ttnellts for: Depreciation charges Gain on investments Loss on disposal of fixed &s5ets Interest received Dividends received Decrease in stocks (Increase)Idecrease in debtors Increase in creditors 3,202,519 126,049 403 (704.866) 478 (141,393) (156,542) ?26 (2,664,540) 1,180 641 (176,571) (97,236) (156,380) 34 14,294 2,129 Net cash used in operations 462,535) 287,040) ANAL YSIS OF CHANGES IN NET FUNDS At 1.7.23 Cash flow At 30.6.24 Net eash Cash at bank 606,890 215,836 391,054 606.890 215,836 391,054 Liquid resources Deposits included in cash Current asset investments 4,081.819 70,951 4,15? 770 4,081.819 70,951 4,152,770 Total 4.688.709 144,885 4,543,824 The notes forni part of these financial statements Page 16
The Order ofThe Cross INotes to the Financi31 Statements for the l-egr Ended 30 June 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The accounts (financial statements) have been prepared in accordance ivith the relevant version of the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in ihe United Kingdom and Republic of Ireland (FRS 10?) and the Charities Act 2011 and UK Generally Accepted Accounting Practice. The accounts {financial statements) have been prepared to give a 'true and fair, view and have departed from the Charities (Accounts and Report5) Regulations 2008 only to the extent required to provide a 'true and fair view,. This departure has involved following the relevant version of the Ststement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) rather than the Accounting and Reporting by Charities.. Statement of Recommended Practice effective from 1 .4pril 2005 which has since been wiihdrawn. lttcome Voluntary Income Legacies are accoun(ed for in the period in which ihe legacy is received or if. before receipt, there is sufficient evidence to provide the necessary certainty that the legacy will be received and the value can be measured with sufficient reliability. No amounts are included An the financial statements for services donated by volunteers. Donations are recognised once the charity has entitlement to the resources, it is probable that the resources will be received and the monethry value of incoming resources can be measured reliability. Activities in furtherance of charitv's objects Income is accounted for on a accruals basis. Activities for generating funds Income is accounted for on an accruals basis. Investment Income Investment Income is included on the Ststement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified ivith reasonable accuracy. Other Income All other income is accounted for on a accruals basis. Expenditure Resources expended are included in the statement of financiaI activities on an accruals basis. Due to the nature of the charity's activities. the distinction benveen administration and charitsble activities cannot be precisely measured because much of the work undertaken by the members is directly related to the various charitable and welfare activities. For accounting purposes, expenditure is allocated as follows= Charitable activities All direct expenditure is in respect of promoting the aims of the charity including, the neiysletter and various publications and subsidies and grants to other gyoups. Governance costs All other expenditure not directly allocated above including financial expenses and professional expenses. Page 17 continued...
The Order ofThe Cross Notes to the Fillancial Statements - continued for the l-egr Ended 30 June 2024 ACCOUNTING POLICIES- continued Expenditure Grants Grants payable are payments made to related parties or other charities in fvrtherance ofthe charitable objeclives. Grant payments are recognised as expenditure when the conditions for their payment have been met or where there is a constructive obligation to make a payment. Tangible fi¥ed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Plant and machinery Computer equipment 15 % on reducing balance 25 % on reducing balance Stocks Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is based on the cost of purchase on a first in first out basis. Net realisable value is based on estimated selling price less additional costs to completion and disposal. Taxation The charity is exempt from tax on its charitable activities. Fund accounting Funds held by ihe charity are either= Unrestricted general funds these are thnds which can be used in accordance with the charitable objects at the discretion of the trustees. Restricted funds - these are funds that can only be used for particular restricted purposes 74-.ithin the objects of the charity. Restrictions arise when specified b). the donor or when funds are raised for a particular restricted purpose. Further explanation of the nature and purpose of each filnd is included in the notes to the financial ststements. Provisions and accruals Provision5 are recogni5ed when there is a present legal or constructive obligation as a result of p&st events and the amount can be reliably estimated. Provisions are not recognised for future operaling losses. Fixed asset investments Listed investments are initially measured at cost and subsequently measured al market value. Movements in market value are recognised in the statement of financial activities as realised gains or losses. Unlisted investments are included in the financial statements at market value, with movements in market value recognised in the SOFA as realised gains or losses. Current asset investments Current assel investments represents cash or cash equivalents with a Marity of less than one year held for investment purposes. and are initially measured at their transaction price and subsequently measured at fair value. Financial instrument5 A financial asset or a financial liability is recognised only when the charity. becomes a party to the contractual provisions of the instrument. Page 18 continued...
The Order ofThe Cross Notes to the Fillancial Statements - continued for the l-egr Ended 30 June 2024 ACCOUNTING POLICIES- continued Financial instruments Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, Ivhere it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instrurnents are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliabl}', the investment Is subsequently measured at fair value with changes in fair value reCOlSed in the slatement of financial activities. All other such investhlents are subsequently measured at cost less impaimient. Other financial instruments. including derivatives. are initially recognised at fair value. unless payment for an asset is deferred beyond nornlal business tem)s or financed at a rate of interest that is not a market rate, in which case the asset 15 mea5Lired at the present value of the fUtte payments discounted at a market rate of interest for a Similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedtFinu instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impaimient at the end of each reporting date. If there is objective evidence of impairmenL an impairment Ioss is recognised in the statement of financial activities. For all equity instrutnents regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairmenl. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. DONATIONS AND LEGACIES 30.6.24 as restated Total funds Unrestricted funds Restricted funds Total funds Donations Offertory Legacies 14,140 3.629 2.578,997 14,140 3,629 2,578.997 543 1,299 21.911 2.596,766 2,596,766 23,753 Page 19 continued...
The Order ofThe Cross Notes to the Fillancial Statements - continued for the l-egr Ended 30 June 2024 ACTIVITIES FOR GENERATIIYG FUNDS 30.6.24 30.6.23 as restated Total funds Unrestricted funds Restricted funds Total funds Accommodation Publications and literature 8,889 89 8.889 89 10,967 130 8.978 8.978 1,097 INVESTMENT INCOME 30.6.24 30.6.?3 as restated Total funds Unrestricted funds Restricted funds Total fund5 UK Listed investments Unlisted investments Interest receivable 152,723 2,477 141,393 154,065 2,477 141,393 152.863 3,517 97,236 ?96.593 .342 297,935 253,616 COSTS OF IL41SING FUNDS Other trading activities 30.6.24 30.6.23 a5 restated Total funds Unrestricted funds Restricted funds Totsl funds Publications and literatyre 6.181 120 6,301 575 CHARITABLE ACTIVITIES COSTS Grant funding of activities (see note Direct Costs 7) Totals Charitable activities 248,041 269,757 Page 20 continued...
The Order ofThe Cross Notes to the Fillancial Statements - continued for the l-egr Ended 30 June 2024 GIL4NTS PAYABLE The charitv paid grants totalling £21,716 in the year to the following entities: The Order of the Cross US.4 £6)7 The Order of the Cross Auslralia £6.059 • The Abbey, Sutton Courtenay £15,000 SUPPORT COSTS Management Finance Totals Other resources expended 114,993 367 115,360 Management costs includes Auditors Remuneration of £5,400 (2023 - £4,?00). TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended )0 June 2024 nor for the year ended 30 June 2023. Trustees, expenses During the year ended 30 June 2024, 6 trustees and the United Councils Committee were reimbursed expenses totalling £81,931 for travel and trustee meeting expenses, gathering, computer costs, subsidy, post and stationery, and sundry expenses. During the year ended 30 June 2023, trustees were reimbursed travel and other expenses totslling £34,131. io. PRIOR YEAR ADJUSTMENT A prior year adjustment was made in respect of listed fixed assets investments, current assets investments, cash at bank, other debtors and investment income. The prior year adjustments H'ere made to correct the classification of fixed asset investments that had previously been classified as other debtors and cash at bank, and to correcl the classification of current asset investments that had previouslv been shown as cash at bank, as the cash was held for investsnent purposes only, and not for charitable purFK)se5 or for short term cash commitments. This has resulted in fixed a55et investments increasing by £85.168, current asset investments increasing bj £4,081,819, other debtors decreasing by £134,551, cash at bank decreasing by £4,031 oJ2, and the nei income being £1,104 higher. Therefore, the restated net assets are £1,104 higher. Page 21 continued...
The Order ofThe Cross Notes to the Fillancial Statements - continued for the l-egr Ended 30 June 2024 TANGIBLE FIXED ASSETS Plant and machinery Computer equipment Totals COST Ai l July 2023 Disposals 5,805 2,478 1,579) 8,283 1.579) At 30 June 2024 5,805 899 6,704 DEPRECIATIOIY At l July 2023 Charge for year Eliminated on disposal 3,369 365 1,846 38 1,101) 5,215 403 1,101) At 30 June 2024 783 4,517 NET BOOK VALUE At JO June 2024 2.071 116 2.187 At 30 June 2023 ?,436 632 3,068 12. FIXED ASSET INVESTMENTS Listed investments Unlisted investrnents Totals MARKET VALUE At l July 2023 Addition5 Disposals Revaluations Dividends received Interest received 6,894.691 273,950 (409,041) 714,402 93,579 21,797 56,450 6,951.141 273,950 (409,041) 704,866 93,579 21,797 (9,536) At 30 June 2024 7,589,378 46,914 7,636,292 NET BOOK VALUE At JO June 20?4 7.589.J78 46,914 7,636,292 At 30 June 2023 6.894.691 56,450 6,951,141 There were no investment assets outside the UK. Cost or valuation at 30 June 2024 is represented by= Listed investments Unlisted inveslrnents Totals Valuation in 2024 7,589.J78 46,914 7,636,292 Page 22 continued...
The Order ofThe Cross Notes to the Fillancial Statements - continued for the l-egr Ended 30 June 2024 13. STOCKS 30.6.24 30.6.23 as restated Stocks 1,852 2,078 14. DEBTORS: .4MOUNTS FALLING DUE WITHIN ONE YEAR 30.6.24 30.6.23 as restated Other debtors Income tax recoverable Prepayments Accrued income 10,401 75 85,925 2,578,997 3,544 80 7,234 2,675,398 10,858 15. CURRENT ASSET INVESTMENTS 30.6.24 30.6.23 a5 restated Cash equivalents on deposit 4,152.770 4,081.819 16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 30.6.24 30.6.23 as restated Other creditors 8,-379 7,199 17. MOVEMENT IN FUNDS Net movement in funds Transfers between funds At 30.6.24 At 1.7.23 Unres¢ricted funds General fund 11.594.949 J.197.556 240 14,792.745 Restricted funds Restricted 53,706 4,963 (240) 58,429 TOTAL FUNDS 11,648,655 3 ?02,519 14,851,174 Page 23 continued...
The Order ofThe Cross Notes to the Fillancial Statements - continued for the l-egr Ended 30 June 2024 17. MOVEMENT IN FUNDS- continued Net movement in funds, included in the above are as follows: Incoming resources ResOue$ expended Gains and losses Movement in funds Unrestricted fund5 General fund 2.902,337 (404,406) 699,625 3,197,556 Restricted funds Restricted 1.342 (1,620) 5,241 4,963 TOTAL FUNDS 2,903,679 406,026) 704,866 J,202,519 Comparatives for movement in funds Net movement in funds At 30.6.23 At 1.7.22 Unrestricted funds General fund 11,468.900 126.049 11,594.949 Restricted funds Restricted 53,706 TOTAL FUNDS 11,522,606 126,049 .648,655 Comparative net movement in funds, included in the above are as follows: Incoming resources Resources expended Gains and losses Movement in funds Unreslricted funds General fund 288,466 (338,988) 176,571 126,049 TOTAL FUNDS ?88,466 3J8,988) 176,571 126,049 The restricted funds represent two bequests held for restrictive purposes. At 30 June 2024, the £58,429 was made up Winifred Cottrell Bequest- £58.J60 Kemmis Bequest - £69 Page 24 continued...
The Order ofThe Cross Notes to the Fillancial Statements - continued for the l-egr Ended 30 June 2024 18. RELATED PARTY DISCLOSURES There were related party transactions in the year ended 30 June 2024 for trustees, expenses reimbursed, as detailed in note 9. Trustees also paid £JOO into the charity in the year for accoinmodation contributions. There M'ere also related party transaclions for grants paid to the Order of the Cross USA of £657 and Order of the Cross Australia of £10,J10. There were no other related party transactions in the year. Page 25
The Order ofThe Cross Detailed Statement of Financial Activities for the l-egr Ended 30 June 2024 30.6.24 30.6.23 as restated INCOME AND ENDOWMENTS Donations and legaeies Donations Offertory Legacies 14.140 3,629 2,578,997 543 1,299 21,911 2,596,766 23,753 Activities for generating funds Accommodation Publications and literature 8.889 89 10,967 130 8,978 11,097 Investment income UK Listed investments Unlisted investments Interest receivable 154.065 2,477 141,393 152.863 3.517 97,236 297,935 253,616 Total ineoming resources 2,90J,679 288,466 EXPENDITURE Other trading activities Publications and literature 6,301 575 Charitable activities Gatherings Worship facilities Travel subsidies Newsletter, website and announcements Grants to institutions 151,405 14.839 61.351 20,446 21,716 121,642 ,298 49,038 9,546 44,355 269,757 225,879 Other Storage costs Depn of plant & machinery Depn of computer equipment Loss on sale of Lgible fixed assets 13.727 365 38 478 12,278 430 211 14,608 12,919 This page does not form part of the statutory financial statements Page 26
The Order ofThe Cross Detailed Statement of Financial Activities for the l-egr Ended 30 June 2024 30.6.24 30.6.23 as restated Support costs Management Telephone Printing, postage and sta(ionery Sundries Accountancy fee5 Trustees meetings Trustees travel and telephone Professional charges Auditors, remuneration Legal fees 617 4,310 455 3,523 12,273 46,184 41,696 5,400 535 764 10,780 469 3,505 9,749 32,294 37,742 4,200 114,99J 99,503 Finance Bank charges 367 112 Total resources expended 406.0?6 3J8.988 Iyet income/(expenditure) before gains and losses 2.497,653 (50,522) Realised recognised gains and losses Realised gain(lOSSeS) on fixed asset investh]ents 704,866 176,571 Net income 3.202,519 1?6,049 This page does not form part of the statutory financial statements Page 27