THE CROSS AND STABLE CHARITIES
( A company limited by guarantee)
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31-Mar-24
Registered No 2091997
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THE CROSS AND STABLE CHARITIES
REPORT OF THE COUNCIL OF MANAGEMENT
FOR THE Year ended 31st March 2025
The council has pleasure in presenting their report and financial statements for the Year ended 31st March 2025
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 £5,061.85 for the year ended 31st March 2025 (2024 gaun £1797. Apart from grants made the charity woud have made a gain of £20,561.85 £00 was spent on renovation. The surplus currently available for distribution in accordance with the terms of the charity deeds amount to £18,068.99.
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 | ####### | |
| Revd Andy Jowitt | 1-Dec-03 | ex officio | 15-Oct-17 |
| Paul Brookman | 5-Oct-05 | ####### | |
| John Wheaver | 5-Oct-05 | ####### | 9-Feb-15 |
| Peter Green | 1-Dec-07 | 8-Jun-21 | |
| Allice Maynard | 9-Feb-15 | ####### | resigned |
| Paul Smith | 15-Oct-17 | ex officio | resigned |
| Beverley Zialor | 23-May-24 | ||
| Vean Joseph | 6-Apr-25 |
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 3BT
06-Apr-25
06-Apr-25
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THE CROSS AND STABLE CHARITIES
STATEMENT OF FINANCIAL ACTIVITIES
Year to 31st March 2025
| 12 months | 12 months | |||||
|---|---|---|---|---|---|---|
| 2024 / 2025 | 2023 / 2024 | |||||
| INCOME | ||||||
| Rents and Service Charges receivable | Rents and Service Charges receivable_Note 2_ | 28,265.16 | 27,846.83 | |||
| Service Charges Collected | Note 3 | |||||
| Accumulated errors at Property Suite | Note 4 | |||||
| Bank Interest received | Bank Interest received | Bank Interest received | 398.02 | 563.66 | ||
| 28,663.18 | 28,410.49 | |||||
| EXPENDITURE | ||||||
| Service Charge Items (£8067,33 | Note 3 | |||||
| Insurance | 3,795.58 | 3,693.61 | ||||
| Water Rates | 958.00 | 852.00 | ||||
| Electricity | Electricity | 212.32 | 1,031.03 | |||
| Waste Disposal | 1,945.89 | 1,456.94 | ||||
| Cleaning | 572.00 | 572.00 | ||||
| Repairs and Redecoration | Repairs and Redecoration | 583.54 | 1,392.42 | |||
| Fire Extinguishers | ||||||
| HMRC | 300.00 | |||||
| Management Charges | 1,064.73 | |||||
| Net gain before grants made | 34.00 | |||||
| Legal Fees - Companies' House | ||||||
| Maintenance | ||||||
| Renovation Reserve | ||||||
| Major Repairs | ||||||
| Rent Arrears Write off | Note 5 | |||||
| GRANTS made according to Object | 15,500.00 | 16,250.00 | ||||
| 23,601.33 | 26,612.73 | |||||
| Net gain | ||||||
| SURPLUS or LOSS | 5,061.85 | 1,797.76 |
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 06-Apr-25
Ken Brine, Secretary 16 Huntley Crescent Campbell Park Milton Keynes MK9 3FZ 06-Apr-25
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THE CROSS AND STABLE CHARITIES
| BALANCE SHEET | ||||||
|---|---|---|---|---|---|---|
| 31st March 2025 | 12 months | 12 months | ||||
| 2024 / 2025 | 2023 / 2024 | |||||
| Tangible Assets | ||||||
| Property at 2-7 Stable Yard | Note 8 | 200,000.00 | 200,000 | |||
| Current Assets | ||||||
| Cash at Bank | Note 9 | 5,679.31 | 1,015.48 | |||
| Savings accountprev Property Suite client account f_Note 10_ | 37,961.68 | 37,563.66 | ||||
| Loan to St James | ||||||
| Debtors - rents receivable | Note 11 | |||||
| Error | ||||||
| Creditors | - | 572.00 - |
- | 572.00 - |
||
| Tenants' returnable deposits transferred to special account | Tenants' returnable deposits transferred to special account | Tenants' returnable deposits transferred to special account | ||||
| Sundry Creditors | Note 12 | |||||
| 243,068.99 | 238,007.14 | |||||
| CURRENT ASSETS | ||||||
| FUNDS | ||||||
| Endowment Fund | 200,000.00 | 200,000.00 | ||||
| Unrestricted Fund available for grants | 18,068.99 | 18,007.14 | ||||
| Unrestricted Fund not available for grants | ||||||
| Designated Fund Renovation Reserve | 25,000.00 | 20,000.00 | ||||
| 243,068.99 | 238,007.14 | |||||
| check |
EXEMPTION FROM STATUTORY AUDIT
For the year ended 31st March 2025 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 6th April 2025
The attached notes, numbered 1 - 12, form part of these financial statements.
Peter Green, Treasurer 34 North Twelfth Street Milton Keynes MK9 3BT 06-Apr-25
Ken Brine, Secretary 16 Huntley Crescent Campbell Park Milton Keynes MK9 3FZ
06-Apr-25
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THE CROSS AND STABLE CHARITIES
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31st March 2025
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
| 2: RENTS THIS YEAR | 2024 / 2025 | 2023 / 2024 | |
| months | |||
| Unit 2 | 301.00 for 12 months | 3,612.00 | 3,612.00 |
| Unit 3 | 780.00 for 10 months | 7,800.00 | 3,600.00 |
| Unit 4 | joint witrh above | 4,200.00 | |
| Unit 5 | 418.33 for 12 months | 5,019.96 | 5,019.96 |
| Unit 6 | 516.10 fo 12 months | 6,193.20 | 6,193.20 |
| Unit 7 | 470.00 for 12 months | 5,640.00 | 5,640.00 |
| 28,265.16 | 28,265.16 | ||
| Discout Unit 5 | 418.33 | ||
| Rent actually received | 28,265.16 | 27846.83 |
3. SERVICE CHARGES
The amount of service charges collected at £2.60 psf (2000 sf) Service charge re voids The actual cost of providing services = £4.03 psf Nominal loss
4. Property Suite Error
5. RENTS Write Offs
All rents paid in full
5,679.31
6. SCHEDULE OF DEPOSITS held by Deposit Protection Serv
2024 / 2025 2023 / 2024 Unit 2, Cassie ID: 27691653 Unit 3, Warn ID: 26389655 780 Unit 4, Warn Unit 5, Zoltan ID: 21745316 Unit 6, Claire ID: 28993651 Unit 7, Kelly Butler ID: 22040654.
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7. GRANTS MADE
| 7. GRANTS MADE | 2024/25 | 2023 / 2024 | |
| Unallocated surplus held by Stantonbury at 31/3/2014 | 0 | ||
| Unallocated surplus held by Charities at 31/3/2024 | 18,007.14 | 16,209.38 | |
| Surplus allocated to Grants 2024/25 | 15,561.85 | 18,047.76 | |
| St James | -2,500 | ||
| Cross and Stable | -6,000 | ||
| St James | -5,000 | ||
| Christ church | -2,000 | ||
| St James Legal | -3500 | ||
| C&S Patio door | -3000 | ||
| C&S Electrical | -3000 | ||
| Bradwell Organ VAT | -3250 | ||
| Christ Church | -900 | ||
| St Andrew's | -1400 | ||
| Bradwell heater | -1200 | ||
| St James | |||
| Cross and Stable | |||
| St Lawrence | |||
| Balance held by Charity Available at 31st March 2025 | 18,068.99 | 18,007.14 | |
| 18007.14 | |||
| - |
| 8. Tangible Assets / Endowment Funds | 8. Tangible Assets / Endowment Funds | 2024/25 | 2023 / 2024 | |
|---|---|---|---|---|
| Property at 2-7 Stable brought on to Balance sheet | 200,000.00 | 200,000.00 | ||
| 9. CHARITIES ACCOUNT BANK RECONCILIATION | 2024/25 | 2023 / 2024 | ||
| Co-op Bank | ||||
| Balance in Bank at 31st March 2025 | 5,679.31 | 1,015.48 | ||
| Balance in Client Acocunt | 0 | 0 | ||
| Balance in Savings Account | 37,961.68 | 37,563.86 | ||
| Creditor | Cleaning | - | 572.00 |
-572 |
| Grant agreed | ||||
| Total balance in account at 31st March 2025 | 43,068.99 | 38,007.34 | ||
| 10. PROPERTY SUITE CLIENT ACCOUNT RECONCILIATION | 2024/25 | 2023 / 2024 | ||
| Bank statement at 31st March 2023 | Closed | Closed | ||
| Owed to Property Suite | ||||
| Owed to Charities |
Correct Balance in Account
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| 11. DEBTORS | 2024/25 | 2023 / 2024 | |
|---|---|---|---|
| Assorted issues with Property suite | None | ||
| Unit 6 | |||
| Units 3&4 Lorraine written of 30/9/20 |
|||
| Deposit Refund | |||
| Total Debtors | |||
| 12. CREDITORS | 2024/25 | 2023 / 2024 | |
| TO Property Suite | |||
| To Man Com cleaning | 572.00 | 572 | |
| Provision for unit 3&4 electricity | |||
| Grant | |||
| Total Creditors | 572.00 | 572.00 |
9. ACCUMULATED ERRORS AT PROPERTY SUITE
| Peter Green, Treasurer | Ken Brine, Secretary |
|---|---|
| 34 North Twelfth Street | 16 Huntley Crescent |
| Milton Keynes | Campbell Park |
| MK9 3BT | Milton Keynes MK9 3FZ |
| 06-Apr-25 | 06-Apr-25 |
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