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COMPANY REGISTRATION NUMBER: 3257547
CHARITY REGISTRATION NUMBER: 1059393
Crossroads Braintree and Chelmsford Ltd
Company Limited by Guarantee
Financial Statements
For the Year Ended
31 March 2025
Crossroads Braintree and Chelmsford Ltd
Company Limited by Guarantee
Financial Statements
Year Ended 31st March 2025
Page
Trustees' Annual Report (Incorporating the Director's Report)
1
Independent Examiner's Report to the Trustees
4
Statement of Financial Activities (Including Income and Expenditure Account)
6
Statement of Financial Position
7
Notes to the Financial Statements
9
Crossroads Braintree and Chelmsford Ltd
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year Ended 31st March 2025
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 March 2025 .
Reference and Administrative Details
Registered charity name
Crossroads Braintree and Chelmsford Ltd
Charity registration number
1059393
Company registration number
3257547
Principal office and registered
8 Park Farm
office
Witham Road
Black Notley
Braintree
Essex
CM7 8LQ
The Trustees
Stephen Tate
Malcolm Richardson
Jennifer McFaull Chair
Oluwafolakemi Biyi
(Retired 23 May 2024)
Matthew Barker
(Retired 13 March 2025)
Andrea Bennett
(Retired 4 June 2024)
Wendy Dove
Irene Guppy
(Retired 3 June 2024)
Sharyn Griffiths
(Appointed 13 March 2025)
Company Secretary
Stephen Tate
Independent Examiner
Carol Green FCCA
Structure, Governance and Management
Legal Status
The Company is a registered charity and is limited by guarantee. A special resolution was passed on 28th April 2017 changing the name of the company from Crossroads Care Braintree District and Chelmsford to Crossroads Braintree and Chelmsford Ltd .
Organisation and Financial Controls
The Charity is administered and controlled by a board of Trustees, who are also the Directors of the company. The Directors also maintain strict financial controls in order to make the most efficient use of both the funding received and from charges received.
Investment Powers and Restrictions
The Directors have the power to make investments and have invested surplus funds in fixed term bonds of up to two years or on deposit at the bank.
Objectives and Activities
The Charity's objective is to relieve stress on the carers of sick relatives by offering respite services and intends to continue providing this service in the future.
Achievements and Performance
Our principal objective is currently to continue developing the service and we are still trying to build the client numbers by advertising in local magazines. We are aiming to reach out to carers in the Braintree and Chelmsford areas, employing more staff when needed to accommodate this.
Results
The results for the year, and the charity's financial position at the end of the year are shown in the attached financial statements.
Risk Management
The board of directors take account of risks that the Charity may be exposed to when making any major decisions.
Financial Review
Crossroads originally budgeted for a deficit of around £20,000 for the year and that looked likely for a large part of the year, a slight increase in customer numbers and a late grant award helped bring the final figure down below £15,000. However, that does not disguise another challenging year. The core service customer base has stabilised, albeit at a lower level, with new customers constantly needed to offset the loss of existing ones who have seen the loss of some or all of their funding from the County Council. This is likely to remain an ongoing problem until the funding of social care is addressed at a national level. Attendances at the Day Centre continued to fluctuate over the year, ranging from the very disappointing to the extremely encouraging. A varied programme of activities was presented and the enthusiasm of new staff bodes well. The lower customer base overall, meant that expenditure on employees was again lower than budgeted. The difficulty in recruiting new staff meant more was spent on stationery and advertising with a number of new carers started during the year as Trustees continued to offer pay rates above the minimum wage with significant increases in April 2024.
Fund raising becomes more difficult each year as everyone faces up to the cost of living crisis, but exploring all opportunities meant exceeding the fund raising budget, which helped to minimise the deficit and meant that the financial reserves stood at around £163,000 at 31st March with £90,000 of this in a designated reserve and the remaining £73,000 is held in a general fund of which all but £500 is unrestricted. The office lease is due for renewal in December 2025 and further increases in both pay and national insurance in April 2025 has meant increasing our charges more than Trustees would like to keep a budgeted deficit below £4,000 for 2025/26, but early indications are that this has not deterred Day Centre attendances so we will endeavour to reduce the deficit further.
Small Company Provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
The trustees' annual report was approved on 11 July 2025 and signed on behalf of the board of trustees by:
Crossroads Braintree and Chelmsford Ltd
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of Crossroads Braintree and Chelmsford Ltd
Year Ended 31st March 2025
I report to the trustees on my examination of the financial statements of Crossroads Braintree and Chelmsford Ltd ('the charity') for the year ended 31st March 2025.
Responsibilities and Basis of Report
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act’).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. Independent Examiner's Statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
2. the financial statements do not accord with those records; or
3. the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or
4. the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Carol Green FCCA Independent Examiner
Peyton Tyler Mears
Middleborough House
16 Middleborough
Colchester
CO1 1QT
14th July 2025
Crossroads Braintree and Chelmsford Ltd
Company Limited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year Ended 31st March 2025
2025
2024
Unrestricted funds
Restricted funds
Total funds
Total funds
Note
£
£
£
£
Income and endowments
Donations and legacies
5
24,692
14,946
39,638
30,648
Charitable activities
6
190,680
190,680
206,720
Investment income
7
6,109
6,109
5,280
-----------
---------
-----------
-----------
Total income
221,481
14,946
236,427
242,648
-----------
---------
-----------
-----------
Expenditure
Expenditure on charitable activities
8,9
236,188
14,446
250,634
246,280
-----------
---------
-----------
-----------
Total expenditure
236,188
14,446
250,634
246,280
-----------
---------
-----------
-----------
-----------
---------
-----------
-----------
Net expenditure and net movement in funds
( 14,707)
500
( 14,207)
( 3,632)
-----------
---------
-----------
-----------
Reconciliation of funds
Total funds brought forward
177,062
177,062
180,694
-----------
---------
-----------
-----------
Total funds carried forward
162,355
500
162,855
177,062
-----------
---------
-----------
-----------
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
Crossroads Braintree and Chelmsford Ltd
Company Limited by Guarantee
Statement of Financial Position
31 March 2025
2025
2024
Note
£
£
£
Fixed Assets
Tangible fixed assets
15
709
1,454
Current Assets
Debtors
16
18,108
19,428
Investments
17
138,932
137,268
Cash at bank and in hand
12,812
34,060
-----------
-----------
169,852
190,756
Creditors: amounts falling due within one year
18
7,706
15,148
-----------
-----------
Net Current Assets
162,146
175,608
-----------
-----------
Total Assets Less Current Liabilities
162,855
177,062
-----------
-----------
Net Assets
162,855
177,062
-----------
-----------
Funds of the Charity
Restricted funds
500
Unrestricted funds
162,355
177,062
-----------
-----------
Total charity funds
21
162,855
177,062
-----------
-----------
For the year ending 31st March 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Crossroads Braintree and Chelmsford Ltd
Company Limited by Guarantee
Statement of Financial Position (continued)
31 March 2025
These financial statements were approved by the board of trustees and authorised for issue on 11 July 2025 , and are signed on behalf of the board by:
J McFaull
Chair
Crossroads Braintree and Chelmsford Ltd
Company Limited by Guarantee
Notes to the Financial Statements
Year Ended 31st March 2025
1. General Information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 8 Park Farm, Witham Road, Black Notley, Braintree, Essex, CM7 8LQ.
2. Statement of Compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement 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) (Charities SORP (FRS 102)) and the Companies Act 2006.
3. Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis.
Going Concern
There are no material uncertainties about the charity's ability to continue.
Judgements and Key Sources of Estimation Uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Fund Accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
Incoming Resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: - income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. - legacy income is recognised when receipt is probable and entitlement is established. - income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. - income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources Expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: - expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. - expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. - other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible Assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Office equipment
-
10% straight line
Computers
-
20% straight line
Impairment of Fixed Assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial Instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Defined Contribution Plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.
4. Limited by Guarantee
The company is limited by guarantee.
5. Donations and Legacies
Unrestricted Funds
Restricted Funds
Total Funds 2025
£
£
£
Donations
Donations and fundraising
2,272
2,272
Grants
Charitable grants received (see notes)
22,420
14,946
37,366
---------
---------
---------
24,692
14,946
39,638
---------
---------
---------
Unrestricted Funds
Restricted Funds
Total Funds 2024
£
£
£
Donations
Donations and fundraising
2,129
2,129
Grants
Charitable grants received (see notes)
15,920
12,599
28,519
---------
---------
---------
18,049
12,599
30,648
---------
---------
---------
6. Charitable Activities
Unrestricted Funds
Total Funds 2025
Unrestricted Funds
Total Funds 2024
£
£
£
£
Charges
190,680
190,680
206,721
206,720
-----------
-----------
-----------
-----------
7. Investment Income
Unrestricted Funds
Total Funds 2025
Unrestricted Funds
Total Funds 2024
£
£
£
£
Bank interest receivable
6,109
6,109
5,280
5,280
--------
--------
--------
--------
8. Expenditure on Charitable Activities by Fund Type
Unrestricted Funds
Restricted Funds
Total Funds 2025
£
£
£
Care services
172,358
14,446
186,804
Support costs
63,830
63,830
-----------
---------
-----------
236,188
14,446
250,634
-----------
---------
-----------
Unrestricted Funds
Restricted Funds
Total Funds 2024
£
£
£
Care services
173,916
16,099
190,014
Support costs
56,266
56,266
-----------
---------
-----------
230,182
16,099
246,280
-----------
---------
-----------
9. Expenditure on Charitable Activities by Activity Type
Activities undertaken directly
Support costs
Total funds 2025
Total fund 2024
£
£
£
£
Care services
186,804
63,830
250,634
246,280
-----------
---------
-----------
-----------
10. Analysis of Support Costs
Care Services
Total 2025
Total 2024
£
£
£
Premises
15,617
15,617
14,177
Communications and IT
1,469
1,469
1,248
General office
2,332
2,332
575
Day Centre
14,864
14,864
13,587
CQC regulation fee
673
673
673
Training
1,870
1,870
1,447
Stationery
3,544
3,544
1,899
Insurance
1,922
1,922
1,836
Sundry expenses
2,082
2,082
2,204
Accountancy and Examiner fees
1,657
1,657
1,865
Travel expenses
16,066
16,066
14,994
Affiliation fees & Subscriptions
989
989
1,014
Depreciation
745
745
747
---------
---------
---------
63,830
63,830
56,266
---------
---------
---------
11. Net Expenditure
Net expenditure is stated after charging/(crediting):
2025
2024
£
£
Depreciation of tangible fixed assets
745
747
-----
-----
12. Independent Examination Fees
2025
2024
£
£
Fees payable to the independent examiner for:
Independent examination of the financial statements
888
888
-----
-----
13. Staff Costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
2025
2024
£
£
Wages and salaries
184,574
187,932
Employer contributions to pension plans
2,230
2,082
-----------
-----------
186,804
190,014
-----------
-----------
The average head count of employees during the year was 19 (2024: 19 ).
No employee received employee benefits of more than £60,000 during the year (2024: Nil).
14. Trustee Remuneration and Expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees;
15. Tangible Fixed Assets
Office equipment
Computers
Total
£
£
£
Cost
At 1 April 2024 and 31 March 2025
3,954
3,832
7,786
--------
--------
--------
Depreciation
At 1 April 2024
3,784
2,548
6,332
Charge for the year
17
728
745
--------
--------
--------
At 31 March 2025
3,801
3,276
7,077
--------
--------
--------
Carrying amount
At 31 March 2025
153
556
709
--------
--------
--------
At 31 March 2024
170
1,284
1,454
--------
--------
--------
16. Debtors
2025
2024
£
£
Trade debtors
16,675
18,181
Prepayments and accrued income
1,433
1,247
---------
---------
18,108
19,428
---------
---------
17. Investments
2025
2024
£
£
Investment in Bonds
138,932
137,268
-----------
-----------
The investment is in the form of deposits with United Trust, Cambs & Counties and Saffron Building Society.
18. Creditors: amounts falling due within one year
2025
2024
£
£
Accruals and deferred income
7,706
15,148
--------
---------
19. Pensions and Other Post Retirement Benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £ 2,230 (2024: £ 2,082 ).
20. Grants
Grants received:
2025 2024
Albert Hunt
3,000
Barchester Health
1,000
Birkett Long
1,500
Braintree Lions
306
Braintree United
500
Chelmsford City Council
6,000
Churchill Foundation
2,000
Colchester Catalyst
2,700
800
Community Fund
2,000
4,920
EALC
500
ECC
4,500
ECF
5,040
5,000
Edward Gostling Foundation
5,000
Essex Care Associates
400
600
FSJ
1,500
Groundwork
250
Magic Little Grants
500
Provide Community
4,000
Stansted Airport
449
Tudwick Foundation
3,000
Walter Farthing (Trust) Ltd
5,000
Witham Rotary
500
32,446 28,519
21. Analysis of Charitable Funds
Unrestricted funds
At 1 April 2024
Income
Expenditure
At 31 March 2025
£
£
£
£
General funds
87,062
221,481
(236,188)
72,355
Designated Fund
90,000
90,000
-----------
-----------
-----------
-----------
177,062
221,481
(236,188)
162,355
-----------
-----------
-----------
-----------
At 1 April 2023
Income
Expenditure
At 31 March 2024
£
£
£
£
General funds
87,194
230,050
(230,182)
87,062
Designated Fund
90,000
90,000
-----------
-----------
-----------
-----------
177,194
230,050
(230,182)
177,062
-----------
-----------
-----------
-----------
The designated fund was established as a contingency against the potential loss of future funding.
Restricted funds
At 1 April 2024
Income
Expenditure
At 31 March 2025
£
£
£
£
ECF (Dulverton Trust Fund)
Colchester Catalyst
Essex Community Foundation
2,700
(2,200)
500
ECF
Various other
12,246
(12,246)
-----
---------
---------
-----
14,946
(14,446)
500
-----
---------
---------
-----
At 1 April 2023
Income
Expenditure
At 31 March 2024
£
£
£
£
ECF (Dulverton Trust Fund)
5,000
(5,000)
Colchester Catalyst
4,500
(4,500)
Essex Community Foundation
ECF
3,500
(3,500)
Various other
3,099
(3,099)
--------
---------
---------
-----
3,500
12,599
(16,099)
--------
---------
---------
-----
22. Analysis of Net Assets Between Funds
Unrestricted Funds
Restricted Funds
Total Funds 2025
£
£
£
Tangible fixed assets
709
709
Current assets
169,352
500
169,852
Creditors less than 1 year
(7,706)
(7,706)
-----------
-----
-----------
Net assets
162,355
500
162,855
-----------
-----
-----------
Unrestricted Funds
Restricted Funds
Total Funds 2024
£
£
£
Tangible fixed assets
1,454
1,454
Current assets
190,756
190,756
Creditors less than 1 year
(15,148)
(15,148)
-----------
-----
-----------
Net assets
177,062
177,062
-----------
-----
-----------