## **THE CROSS AND STABLE CHARITIES** ( A company limited by guarantee) FINANCIAL STATEMENTS FOR THE YEAR ENDED 31-Mar-22 Registered No 2091997 220531 CSC annual accounts to 220331 for Companies House FINAL FINAL.xls - Printed 28/06/2022 - Page 1 of 7 ## **THE CROSS AND STABLE CHARITIES** ## REPORT OF THE COUNCIL OF MANAGEMENT FOR THE Year ended 31st March 2022 The council has pleasure in presenting their report and financial statements for the Year ended 31st March 2022 ## PRINCIPAL ACTIVITIES The objects of the company are to further the charitable work of the Church of England, the Methodist Church, the United Reformed Church and the Baptist Church in the Ecumenical Parish of Stantonbury in the City of Milton Keynes through the Management of commercial workshop units at the Cross and Stable. ## FINANCIAL POSITION The company recorded a GAIN of £15,784.34 for the year ended 31st March 2021 (2021 loss £10,958.6 Apart from grants made the charity woud have made a gain of £16,784.34 £00 was spent on renovation. The surplus currently available for distribution in accordance with the terms of the charity deeds amount to £17,405.66 ## TAXATION The company is a registered charity (Number 800370) and therefore exempt from taxation. ## SHARE CAPITAL The company does not have a share capital but is limited by guarantee, in accordance with article 7 of the company's Memorandum of Association, liability of the members is limited to five pounds. ## COUNCIL OF MANAGEMENT The persons who have served as members of the council (Directors) during the past year are : ||from|reappointed|resigned| |---|---|---|---| |Ken Brine|31-May-02|26-May-20|| |Revd Andy Jowitt|1-Dec-03|ex officio|15-Oct-17| |Paul Brookman|5-Oct-05|29th May 2019|| |John Wheaver|5-Oct-05|20-Jun-14|9-Feb-15| |Peter Green|1-Dec-07|8-Jun-21|| |Allice Maynard|9-Feb-15|31-May-22|| |Paul Smith|15-Oct-17|ex officio|| In accordance with the Articles of Association the number of members shall not be less than three nor more than six. Ken Brine, Secretary 16 Huntley Crescent Campbell Park Milton Keynes MK9 3FZ 31-May-22 Peter Green, Treasurer 34 North Twelfth Street Milton Keynes MK9 3BT 31-May-22 220531 CSC annual accounts to 220331 for Companies House FINAL FINAL.xls - Printed 28/06/2022 - Page 2 of 7 ## **THE CROSS AND STABLE CHARITIES** STATEMENT OF FINANCIAL ACTIVITIES Year to 31st March 2022 |INCOME
Rents and Service Charges receivable_Note 2_
Service Charges Collected
_Note 3_
Accumulated errors at Property Suite
_Note 4_
Bank Interest received
EXPENDITURE
Service Charge Items (£6,360.44
_Note 3_
Insurance
Water Rates
Electricity
Waste Disposal
Cleaning
Repairs and Redecoration
Fire Extinguishers
Environmental survey
Management Charges
Rates
Legal Fees - Companies' House
Maintenance
Renovation Reserve
Major Repairs
Rent Arrears Write off
_Note 5_
GRANTS made according to Object
Net gain
SURPLUS or LOSS|12 months
**2021 / 2022**
26,249.73
0.45
26,250.18
3,038.78
477.01
611.56
1,297.28
572.00
363.81
3,092.40
13.00
1,000.00
10,465.84|12 months
**2020 / 2021**
12,659.01
_2.18_| |---|---|---| |||12,661.19| |||2,936.96
405.97
804.00
1,326.18
572.00
37.81
0.00
0.00
2,144.55
13.00
659.41| |||| |||14,720.00| |||23,619.88| ||15,784.34|10,958.69
-| ## **Transfers between funds** From Unrestricted to Renovation From Designated Venture FX to Unrestricted ## **For Information Only** Schedule of Deposits _Note 6_ Grants Made _Note 7_ Peter Green, Treasurer 34 North Twelfth Street Milton Keynes MK9 3BT 31-May-22 Ken Brine, Secretary 16 Huntley Crescent Campbell Park Milton Keynes MK9 3FZ 31-May-22 220531 CSC annual accounts to 220331 for Companies House FINAL FINAL.xls - Printed 28/06/2022 - Page 3 of 7 ## **THE CROSS AND STABLE CHARITIES** |**BALANCE SHEET**
31st March 2022
**Tangible Assets**
Property at 2-7 Stable Yard
_Note 8_
**Current Assets**
Cash at Bank
_Note 9_
Property Suite client account float
_Note 10_
Loan to St James
Debtors - rents receivable
_Note 11_
Error
Creditors
Tenants' returnable deposits transferred to special account
Sundry Creditors
_Note 12_
**CURRENT ASSETS**
**FUNDS**
Endowment Fund
Unrestricted Fund available for grants
Unrestricted Fund not available for grants
Designated Fund Renovation Reserve
check|12 months
**2021 / 2022**
200,000
37,397.70
0.04
-
580.00
572.00
-

237,405.66
_200,000.00_
_17,405.66_
_20,000.00_
237,405.66
|12 months
**2020 / 2021**
200,000.00
21,281.32
1,610.60
420.00
1,690.60
-| |---|---|---| |||221,621.32| |||_200,000.00_
_1,621.32_
_20,000.00_| |||221,621.32| |||| ## EXEMPTION FROM STATUTORY AUDIT For the year ended 31st March 2022 the company was entitled to claim exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The Directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of Accounts. COUNCIL OF MANAGEMENT RESPONSIBILITY FOR THE FINANCIAL STATEMENTS The Council of Management acknowledge their responsibility for: i) Ensuring the company keeps accounting records which comply with section 221; and ii) Preparing accounts which give a true and fair view of the state of affairs of the company as at the end of its financial year, and of its profit and loss for the financial year in accordance with section 226, and which otherwise comply with the requirements of the Companies Act relating to accounts, so far as applicable to the company. These financial statements were approved by the Council of Management on 31st May 2022 The attached notes, numbered 1 - 12, form part of these financial statements. Peter Green, Treasurer 34 North Twelfth Street Milton Keynes MK9 3BT 31-May-22 Ken Brine, Secretary 16 Huntley Crescent Campbell Park Milton Keynes MK9 3FZ 31-May-22 220531 CSC annual accounts to 220331 for Companies House FINAL FINAL.xls - Printed 28/06/2022 - Page 4 of 7 **THE CROSS AND STABLE CHARITIES** NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31st March 2022 ## **1. ACCOUNTING POLICIES** The following accounting policies have been applied consistently in dealing with items which are considered to be material in relation to the company's financial statements. - a) The financial statements have been prepared using the historical cost convention and in accordance with applicable accounting standards. - b) Rents receivable under operating leases are credited to the profit and loss account as they fall due. |**2: RENTS THIS YEAR**|||**2021 / 2022**||**2020 / 2021**| |---|---|---|---|---|---| |||months|||| |Unit 2|301.00|for 11 months|3,311.00|8|2,408.00| |Unit 3|300.00 for 9 months||2,700.00||-| |Unit 4|480.00 for 9 months||4,320.00||-| |Unit 5|418.33|for 11 months|4,601.63|7|2,928.31| |Unit 6
2,928.31|516.10 fo 11 months||5,677.10|7|3,612.70| |Unit 7
12.00|470.00|for 12 months|5,640.00|7|3,290.00| ||||**26,249.73**||**12,239.01**| |Rent actually received|||25,769.73||| |**3. SERVICE CHARGES**|||**2021 / 2022**||**2020 / 2021**| |The amount of service charges collected at £2.60||psf (2000 sf)|5,200.00||5,200.00| |Service charge re voids|||1,300.00||| |The actual cost of providing services = £3.18 psf|||6,360.54||6,082.92| |Nominal loss|||||| |**4. Property Suite Error**|||**2021 / 2022**||**2020 / 2021**| |There was a £4,92 that will not go.|||||| |**5. RENTS Write Offs**|||**2021 / 2022**||**2020 / 2021**| |Tenant fail unts 3 &|4||||| |failure from 2019/20|||||659.41| |**6. SCHEDULE OF DEPOSITS**|||**2021 / 2022**||| |Unit 2, Cassie|||||| |Unit 3, Lorraine|||300||| |Unit 4, Paul|||480||| |Unit 5, Zoltan|||||| |Unit 6, Claire|||||| |Unit 7, Kelly Butler|||||| 220531 CSC annual accounts to 220331 for Companies House FINAL FINAL.xls - Printed 28/06/2022 - Page 5 of 7 **2020 / 2021** ## **7. GRANTS MADE** |Unallocated surplus held by Stantonbury at 31/3/2014
Unallocated surplus held by Charities at 31/3/2021
Surplus allocated to Grants 2021/22
Bradwell Roof
Christ Church Soup run kitchen eqiipment
C&S Covd personal rellief
St James boiler
Bereavement
St Andrew;s Quiet Garden
Covid support to 6 churches
Balance held by Charity Available at 31st March 2022
Income
12,661.19
_ereror_
Expenditure
8,899.88
-
hange in Reserves
Grants
14,720.00
-
Opening Availability
12,580.01
Closing Availability
_1,621.32_|1,621.22
16,784.34
1,000.00
-
17,405.56|12,580.01
3,761.31
2,000.00
-
720.00
-
12,000.00
-| |---|---|---| |||1,621.32| |||| ## **8. Tangible Assets / Endowment Funds** |||||| |---|---|---|---|---| |**8. Tangible Assets / Endowment Funds**|||**2021 / 2022**|**2020 / 2021**| |Property at 2-7 Stable brought on to Balance sheet|||200,000.00|200,000.00| |**9. CHARITIES ACCOUNT BANK RECONCILIATION**|||**2021 / 2022**|**2020 / 2021**| |Actual Balance in Bank at 31st March|2022||32,026.10|23281.32| |Previous quarter to Charities||||| |2 years Comapnie sHouse||-|26.00
|| |Gain to Main account|6259.89||5,422.73|| |Sundries||-|25.13
|-2000| |Correct balance in account at 31st March 2021|||37,397.70|21281.32| |**10. PROPERTY SUITE CLIENT ACCOUNT RECONCILIATION**|||**2021 / 2022**|**2020 / 2021**| |Bank statement at 31st March 2020|||6259.89|1610.6| |Owed to Property Suite||-|837.20
|| |Owed to Charities||-|5,422.73
|| |Correct Balance in Account||-|0.04
|1610.6| 220531 CSC annual accounts to 220331 for Companies House FINAL FINAL.xls - Printed 28/06/2022 - Page 6 of 7 |**11. DEBTORS**
Assorted issues with Property suite
Unit 6
PAUl Newton Unit 4
HMRC
Units 3&4
Lorraine written of 30/9/20
Deposit Refund
Total Debtors|**2021 / 2022**
480.00
100.00
580.00|**2020 / 2021**
420.00| |---|---|---| |||420.00| |||| |**12. CREDITORS**
TO Property Suite
To Man Com cleaning
Provision for unit 3&4 electricity
Total Creditors|**2021 / 2022**
572
572.00|**2020 / 2021**
572
300
613.95
204.65| |||1,690.60| |Peter Green, Treasurer|Ken Brine, Secretary| |---|---| |34 North Twelfth Street|16 Huntley Crescent| |Milton Keynes|Campbell Park| |MK9 3BT|Milton Keynes MK9 3FZ| |31-May-22|31-May-22| 220531 CSC annual accounts to 220331 for Companies House FINAL FINAL.xls - Printed 28/06/2022 - Page 7 of 7 ## **Report of the Independent Examiner to the Directors of the Cross and Stable Charities** This report on the financial statements of the Charities for the year ended 31[st] March 2021, which are set out on the attached accounts, is in respect of an examination carried out in accordance with the Church Accounting Regulations 2006 (“the Regulations”) and s.43 of the Charities Act 1993 (“the Act”). ## **Respective responsibilities of the Management Committee and the Independent Examiner** As members of the Management Committee, you are responsible for the preparation of the financial statements; you consider that the audit requirement of the Regulations and s.43 (2) of the Act do not apply and that an independent examination is needed. It is my responsibility to issue this report on those financial statements in accordance with the terms of Regulation 25. ## **Basis of the Independent Examiner’s Report** My examination was carried out in accordance with the General Directions given by the Charity Commissioners under s.43 (7)(b) of the Act and to be found in the Church Guidance, 2006 edition. An examination includes a review of the accounting records kept by the Management Committee and a comparison of these accounts presented with those records. It also includes consideration of any unusual items or disclosure in the accounts, and seeking explanations from you, as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an Audit, and consequently I do not express an Audit opinion on the view given by the accounts. ## **Independent Examiner’s statement** In my opinion, the financial statements give a true and fair view of the charity’s state of affairs as at the 31[st] March 2021 and its incoming resources and application of resources in the year then ended. In connection with my examination, no matter has come to my attention: 1. Which gives me reasonable cause to believe that in any material respect the requirements: - To keep accounting records in accordance with s.41 of the 1993 Act; and - To prepare accounts which accord with the accounting records and comply with the accounting requirements of the 1993 Act have not been met; or 2. To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Janet Nelsey 3 Longleat Court Great Holm Milton Keynes MK8 9HD 31 May 2022