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|---|---|---|---|
|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|
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|||||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:||||||||
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|||||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:$50,250)was donated||||to meet the running costs|||
||ofBevon|House, a transitional|||||living facility for clients who have||||completed||the Crossroads|program.||
||||||||||2022||2022||2022||2021|
||||||||||$|||$|$||$|
||||||||||Support||Direct||Total||Total|
||||||||||Costs||Costs|||||
||Scholarships
Management||payable
fees and legal|||services|||22,707|175,183
86,245|||197,918
86,245|143,531
90,624||
||Donations|||||||||||||||
||||||||||22,707|261,428|||284,163|234,155||
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|CHARITABLE ACTIVITIES COSTS—continued
Support costs included
above are as follows:|||
|---|---|---|
||2022|2021|
|Governance costs
Insurance
Trustees' expenses|$ 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|
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|NTANGIBLE FIXEDASSETS||||
|---|---|---|---|
||Website|Licenses|Totals|
||Development|||
||$|||
|Cost||||
|At 1 July 2021|13,891||13,892|
|Additions|||1|
|At 30June 2022|13,891||13,893|
|Amortisation||||
|At 1 July 2021|5,556||5,556|
|Charge for the year|2,778||2,778|
|At 30June 2022|8,334||8,334|
|Net Book Value||||
|At 30June 2022|5,557||5,559|
|At 30June 2021|8,335||8,336|
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|FIXE|DASSET INVESTMENTS|||
|---|---|---|---|
|||2022|2021|
|||$|$|
|Listed
Cash|investments
and other equivalents|4,207,102
47,634|4,854,102
48,330|
|||4,254,736|4,913,224|
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|||Cash and|||
|---|---|---|---|---|
||Listed|Cash|Accrued||
||Investments|Equivalents|Income|Total|
|MARKET VALUE
At 1 July 2021
Additions
(at cost)
Disposals (at market value)
Management
fees
Realised gain/(loss)
Unrealised
gain/(loss)
Forwards|$ 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|
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|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|
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