2022-06-30-accounts - The Crossroads Antigua Foundation

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			Page
Report ofthe Trustees			1 to 5
Report ofthe Independent Auditors			6to 8
Statement of Financial	Activities
Balance Sheet			10
Notes to the Financial	Statements		11to 17
Detailed Statement of	Financial	Activities	18

				2022	2021
				Unrestricted	Total
				funds	funds
			Notes	$	$
INCOME AND ENDOWMENTS		FROM
Donations &legacies				73,464	16,879
Investments				56,801	61,481
Other					2,314
Total Income				130,332	80,674
EXPENDITURE ON
Costs ofraising funds
Investment management	costs			37,905	40,764
Charitable activities				284,136	234,155
Total Expenditure				322,040	274,919
Net gains/(losses) on investments				(516,629)	773,928
NET INCOME/(EXPENDITURE)				(708,337)	579;683
Net movement in funds				(708,337)	579,683
RECONCILIATION OF FUNDS
Total funds brought forward				6,183,362	5,603,679
TOTAL FUNDS CARRIED FORWARD				5,475,025	6,183,362
Continuing operations
All income and expenditure	has	arisen from continuing	activities.

		The	Cross	roads Antigua Foundation	roads Antigua Foundation
				Balance Sheet
				At 30June	2022
						2022	2021
						Unrestricted	Total
						funds	funds
					Notes	$	$
FIXEDASSETS
intangible Assets						5,559	8,336
investments						4,254,736	4,913,224
						4,260,294	4,921,560
CURRENT ASSETS
Debtors: amounts	falling	due within one	year		10	4,376	32,910
Debtors: amounts	falling	due after more	than	one year	10	1,198,040	1,198,040
Cash at bank						81,130	85,894
						1,283,546	1,316,844
CREDITORS
Amounts falling due within one year						(68,815)	(55,042)
NET CURRENT ASSETS						1,214,731	1,261,802
TOTAL ASSETS	LESS	CURRENT
LIABILITIES						5,475,025	6,183,362
NET ASSETS						5,475,025	6,183,362
FUNDS
Unrestricted funds						5,475,025	6,183,362
TOTAL FUNDS						5,475,025	6,183,362
The financial statements		were approved	by the Board ofTrustees on				.and were
signed on its behalf by:

				The	The	The	Crossroads	Crossroads	Antigua Foundation	Antigua Foundation	Antigua Foundation
				Notes to			the Financial		Statements —continued
						for		the Year Ended 30 June 2022
2.	DONATIONS		8 LEGACIES
													2022		2021
													$		$
	Donations	and	gifts										73,464		16,178
	Gift aid														701
													73,464		16,879
3.	INVESTMENT		INCOME
													2022		2021
													$		$
	Investment	income											56,759		61,290
	Bank interest												43		191
													56,802		61,481
4.	OTHER INCOME
													2022		2021
													$		$
	Royalty income Advertising income												67		2,314
													67		2,314
5.	INVESTMENT		MANAGEMENT					COSTS
													2022		2021
													$		$
	Portfolio management												37,905		40,764
													37,905		40,764
6.	CHARITABLE ACTIVITIES COSTS
	During the year US$107,668(2021:$48,925)was paid. to Crossroads											Incorporated to support			people
	attending	the	Crossroads		Centre			in Antigua.	There was a one-off donation				made to Crossroads Inc in
	2021 of$1,395,296.			In addition,				$67,515	(2021:$50,250)was donated				to meet the running costs
	ofBevon	House, a transitional					living facility for clients who have				completed		the Crossroads	program.
									2022		2022		2022		2021
									$			$	$		$
									Support		Direct		Total		Total
									Costs		Costs
	Scholarships Management		payable fees and legal			services			22,707	175,183 86,245			197,918 86,245	143,531 90,624
	Donations
									22,707	261,428			284,163	234,155

CHARITABLE ACTIVITIES COSTS—continued Support costs included above are as follows:
	2022	2021
Governance costs Insurance Trustees' expenses	$ 6,380	$ 4,387
Auditors' remuneration General expenses	12,063 550	15,877
Bank interest and charges	660	179
TUFR fundraising costs	276	21,135
Amortisation	2,778	2,778
	22,707	44,356

FIXE	DASSET INVESTMENTS
		2022	2021
		$	$
Listed Cash	investments and other equivalents	4,207,102 47,634	4,854,102 48,330
		4,254,736	4,913,224

		Cash and
	Listed	Cash	Accrued
	Investments	Equivalents	Income	Total
MARKET VALUE At 1 July 2021 Additions (at cost) Disposals (at market value) Management fees Realised gain/(loss) Unrealised gain/(loss) Forwards	$ 4,854,102 2,771,952 (2,951,748) 109,404 (631,416) 44,236	$ 48,330 3,010,278 (2,972,069) (38,905)	$ 10,792	$ 4,913,224 5782230 (5,923,817) (38,905) 109,404 (631,416) 44,236
Movement in accrued income			(221)	(221)
Cash rounding	1			1
At 30June 2022	4,196,531	47,634	10,571	4,254,736
			2022	2021
			$	$
Investments held Listed equities Fixed income securities			1,952,946 1,934,004	2,333,930 2,158,121
Hedge funds and others Cash and cash equivalents			, 345.600 22,226	399,279 21,894
			4,254,736	4,913,224

DEBTORS
	2022	2021
	$	$
Amounts falling due within one year: Other debtors Prepayments and accrued income	331 4,045	29,199 3,711
	4,376	32,910
Amounts falling due after more than one year: Other debtors	1,198,040	1,198,040
Aggregate amounts	1,202,416	1,230,950