Report of the Independent Examlner to The Cross & Stable Charlties I report on the financial statements of the Cross & Stable Charities for the year ended 31. March 2024 which are set out in the attached accounts Respectlve responslbllltles of the Dlrertors and the Independent Examlner As members of the board of directors you are responsible for the preparation of the financial statements; you consider that the audit requirements of the Regulations and s.14412) of the Charities Act 2011 {the Act). do not apply and that an independent examination is needed. Basls of the Independent Examlner's Report An examination includes a review of the accounting records kept by the Cross & Stable Charltles and compariwn of these accounts p￿sented with those record5. It a150 includes consideration of any unusual items or disclosure in the accounts, and seeking explanations from you, as members of the board of directors 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 Examlner's Statement In my opinlon the financial statements give a true and fair view of the Cross & Stable Charities. state of affairs as at the 31. March 2024 and its incomin8 re￿urCeS and application of resources in the year then ended. In connection with my examination, no matter has come to my attentlon: l. Which gives me reasonable cause to believe that in any material respect, the requirements to keep accounting records, and to prepare accounts which accord with the accountin8 records and comply with the accounting requirements, have not been met; or 2. To whlch, in my opinion, attention should be drawn to enable a proper understandln8 of the accounts to be reached. Nichola ohnson 44 Belsize Avenue Milton Keynes, MK6 3LW 28 August 2024 THE CROSS AND STABLE CHARITIES ( A company Ilmited by guarantee) FINANCIAL STATEMENTS FOR THE YEAR ENDED 31-Mar-24 Registered No 2091997 240331 CSC lo 240331 CcmF•ri9s HrAMxls. Prlrtaj 1￿cer￿￿24. Py 1 cl 7 THE CROSS AND STABLE CHARITIES REPORT OF THE COUNCIL OF MANAGEMENT FOR THE Year ended 31 st March 2024 The council has pleasure in presenting their report and financial stateffBnts for the Year ended 31 st March 2024 PRINCIPAL ACTIVITIES The objects of the company are to further the charftable worf( of the Church of England, the Methodist Church. the United Ref0m￿d Church and the Baptist Church in the Ecumenical Parish of Stantonbury in the City of Milton Keynes through the manage￿nt of commercial workshop units at the Cro&8 and Stable. FINANCIAL POSITION The conyany recorded a GAIN of £1.797,76 for the year ended 31 st March 2024 (2023 k)ss £1196.28) Apart from grants made the charity Yrfoud have made 8 gain of £18,118,76 £00 was spent on renovation. The surplus currently available for distrIbut￿n In accordance wlth the temis of the charity deeds amount to £18,007.14.38 TAXATION The company is a registered charity (Number 800370) and therefore exempt from taxation. SHARE CAPITAL The company does not have a share caprtal but is Ilmited by guarantee, In accordance with artide 7 of the company's Memordndum of Assocralion. liability of the members is limited to five pounds. COUNCIL OF MANAGEMENT The persons who have served as member5 of the council (Directors) during the past year are . from reappointed 31-May-02_ 26-May-20 1-Dec-03 ex officio 5Qct4)5 - 10-May-23 5Qct4)5 20Jun-14 1-Dec￿7 8Jun-21 9-Feb-15 31-May-22 1543ct-17 ex officto resigned Ken Brine Revd Andy Jowitt Paul Brookman John Vtheaver Peter Green All1￿ Maynard Paul Smith 15Qct-17 9-Feb-15 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 Peter Green, Treasurer 34 North Twelfth Street Milton Keynes MK9 38T 22-May-24 22-May-24 24CG31 CSC to240331 ST c￿￿195 HC￿￿18. Prirt&l 19ceu)24. 2d7 THE CROSS AND STABLE CHARITIES STATEMENT OF FINANCIAL ACTIVITIES Year to 31 st March 2024 12 months 202312024 12 months 202212023 INCOME Rents and SeNice Charges receivable SeNice Charges Collected Accumulated emrs at Property Suite Bank Interest recetved Note 2 Note 3 Note 4 27.846.83 28,125.16 563.66 5.83 28.410.49 28.130.99 EXPENDITURE Service Charge It8n￿ {£6.360.44 Insurance Water Rate8 Electricity Waste Disposal c￿aning Repairs and Redecordtion Fire Extinguishers HMRC Management Charges Net gain before grants made Legal Fees - Companies, House Maintenance Renovation Reserve Major Repairs Rent AtTears Wrfte off GRANTS made according to Object Note 3 3,693.61 852.00 1,031.03 1,456.94 572.00 1,392.42 3.401.14 644.00 1,590.37 1,672.71 572.00 1,680.98 300.00 1,084.731 SuNey 150.06 3,416.01 18,047.76 Note 5 16 250.00 26,612.73 16 200.00 29,327.27 Net galn*:. SURPLUS or LOSS Transfer• between funds From Unrestricted to Renovation From Designated Venture FX to Unrestricted For Inforniatlon Only Schedule of Deposits Grants Made Note 6 Note 7 Peter Green, Treasurer 34 North Twelfth Street Milton Keynes MK9 3BT 22-May-24 ,XRÉ 240331 c￿ to 240331 tr Ccthrth85 HoB8.￿S. Prlrt&J I￿1￿r24. Py 3 d 7 THE CROSS AND STABLE CHARITIES BALANCE SHEET 31 st March 2024 12 months 202312)24 12 months Tanglble Assets Property at 2-7 Stable Yard Note 8 200.000 200,000 Current Assets Cash at Bank Note 9 Savings account wev Prcfwty Note 10 Loan to St James Debtors - rents receivable EnDr 1.015.48 37,563.66 37,354.61 4,426.77 Note 11 Credito Tenants, retumable deposits Sundry Creditors 572.00 5,572.00 transferred to special account Note 12 CURRENT ASSETS FUNDS Endowrnent Fund Unrestricted Fund available for grants Unrestricted Fund not available for grants Designated Fund Renovation ReseNe 200.000.00 18.007.14 200,000.00 16,209.38 20 000.00 20 000.00 236 209.38 238 007.14 EXEMPTION FROM STATUTORY AUDIT For the year ended 31 st March 2024 the company was entitled to claim exemption from audit under section 477 of the Companles 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 prepardtion of Accounts. COUNCIL OF MANAGEMENT RESPONSIBILITY FOR THE FINANCIAL STATEMENTS The Council of Management acknovAedge 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 reqUire￿ntS of the Companies Act relating to accounts. so far as applicable to the conN)any. These financial statements were approved by the Council of Management on 22nd May 20234 The attached notes. numbered 1- 12. form part of these financial SIateff￿nts. Peter Green, Treasurer 34 North Twewth Street Mihon Keynes MK9 38T Ken Brine, Secretary 16 Huntley Crescent Campbell Park Milton Keynes MK9 3FZ ,XEÉTre 22-May-24 22-May-24 24Q331 CSC to 240331 t¢ HoMxls. ￿1r￿1 1WJy24. Py 4 d 7 THE CROSS AND STABLE CHARITIES NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 st March 2024 1. ACCOUNTING POLICIES The following accounting policies have been applied consistently in dealing with ttems which are considered to be material in relation to the company's financial statements. a) The financlal 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 proftt and loss account as they fall due. 2: RENTS THIS YEAR 202313J24 202212023 months 301.00 for 12 months 300.00 for 12 months 350.00 for 12 months 418.33 for 12 months 516.10 fo 12 rnnths 470.00 for 12 months Unrl 2 Unil 3 Unit 4 Unit 5 Unit 6 Unit 7 3,612.00 3,600.00 4,200.00 5,019.96 6,193.20 5,640.00 28,265.16 418.33 27846.83 3612 3600 4060 5019.96 6193.2 5640 28,125.16 Discout Unlt 5 Rent actually received 28125.16 3. SERVICE CHARGES 20221 XQ3 .I*A The amount of service charges collected at £2.60 psf (2000 sf) Service charge re voids The actual cost of providing services = £3.18 psf Nomin81 k)ss 4. Proparty Sults Error 20221% S. RENTS Wrlts Offs 202213)23 Lyts 3&4 6. SCHEDULE OF DEPOSITS held by Deposlt Protsctlon Serv Unli 2, Cassie ID. 27691653 Unit 3, Wam ID.. 26389655 Unit 4. Wam Unit 5, Zoltan Unit 6, Claire Unit 7. Kelly Butler 202312J24 202213)23 ID.. 21745316 ID.. 28993651 ID: 22040654. 24ai91 CSC xc(xrts to240331 frx C(mFffi85 H(w8e￿I8. 1￿(￿2)?4. ￿ Sd7 7. GRANTS MADE 202312024 202212023 Unallocated surplus held by Stantonbury at 311312014 Unallocated surplus held by Charities at 311312023 16,209.38 10p++ 17,405.66 sU￿lUs alk)cated to Grants 2022123 St James Legal C&S Patio door C&S Electrical Bradwell Organ VAT Christ Church St Andrews Bradwell heater St James Cross and Stable St Lavffence 18,047.76 -3500- -3000 . -3000 -3250 / -900 / -1400. -1200" 15,003.72 1,200.00 10,000.00 5,000.00 Balance held by Charity Available at 31 st March 2023 18007.14 18007.14 16 209.38 16209.28 8. Tanglble Assets l Endowment Funds 202312 202212)23 Property at 2-7 Stable brought on to Balance sheet 200,000.00 200,000.00 . CHARITIES ACCOUNT BANK RECONCILIATION Cop Bnak 202312024 202213)23 Balance In Bank at 31st March 2024 1015.48 37354.61 Balance in Client Acocunt Balance in Savings Account 4426.77 37563.86 Cred itor Cleaning Grant agreed -572 -572 5.000.00 Totalbalance in account at 31 st March 2024 38.007.34 36,209.38 10. PROPERTY SUITE CLIENT ACCOUNT RECONCILIATION 202312124 20221 ￿23 Bank statement at 31 st March 2023 Closed Ck)sed Owed to P￿pertY Suite Owed to Charities Correct Balance in Account 240331 CS£ to 240331 C(xnwI88 Htjksaxls. 1￿{￿3)24. W 6 crf 7 11. DEBTORS Assorted issues with Property suite Unli 6 202313J24 2022120 Units 3&4 Loffaine wiitten of 3019120 Deposit Refund Total Debtors 12. CREDITORS TO Property Suite To Man Com cleaning ProvIs￿n for unit 3&4 electricity Grant 2)2313)24 202212023 572 572 5000 Total Creditors 572.00 5.572.00 g. ACCUMULATED ERRORS AT PROPERTY SUITE Peter Green, Treasurer 34 North Twelfth Street Milion Keyn88 MK9 3BT 22-May-24 24Cts31 CSC to 24CU31 tr Cl¥n￿89 H￿.xI3. Prlrrt&fj 1gCWa)24. Py 7 Ll 7