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REGISTERED CHARITY NUMBER: 1069522
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Report of the Trustees and Audited Financial Statements for The Year Ended 30 June 2025 for The Crossroads Antigua Foundation
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Bullimores LLP Chartered Accountants and Registered Auditor Old Printers Yard 156 South Street Dorking Surrey RH4 2HF
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The Crossroads Antigua Foundation
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Report of the Trustees for the Year Ended 30 June 2025
The trustees present their report with the financial statements of the charity for the year ended 30 June 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: 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) (effective 1 January 2015).
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1069522
Principal address Suite 3 Old King's Head Court 11 High Street Dorking Surrey RH4 1AR
Trustees E Clapton M C A Eaton C Montagu C Steele M Clapton A Fox S Climie
Auditors Bullimores LLP Old Printers Yard 156 South Street Dorking Surrey RH4 2HF
Bankers
Royal Bank of Scotland Pall Mall Branch 9 Pall Mall London SW1Y 5LX
Business managers Musiclore Limited Suite 3 Old King's Head Court 11 High Street Dorking Surrey RH4 1AR
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Investment manager Goldman Sachs International Peterborough Court 133 Fleet Street London EC4A 2BB
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— : The Crossroads Antigua Foundation L.. Report of the Trustees : for the Year Ended 30 June 2025 _ OBJECTIVES AND ACTIVITIES ( Objectives and Aims The objects of the Foundation, inter alia, are: LC e Topatientsestablishand out-patients)and maintain whoa clinic are sufferingin Antiguafromfora thepsychologicalreception, treatmentand / or physiological and care ofillness personsarising(bothfrominL o rf connected any kind whatsoeverin any way and whatsoeverfor providing with themedical consumptionor other of treatment alcohol andand /orattention other moodfor any alteringsuch chemicalspersons _ ¢ To promote or assist in teaching or training any person engaged in the counselling care or treatment of persons suffering from chemical dependence and in the teaching or training of students in that branch of medicine e To conduct or promote research into the care and treatment of persons suffering from any illness, disability, i disease or infirmity as aforesaid and to disseminate the results to the public = e To provide or assist in the provision of spiritual help and guidance for any persons resident (either as
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_ Crossroads’ primary objective is to prevent the to prevent the prevent the the misuse of drugs and drugs and and alcohol by the the treatment and rehabilitation of users. Achievement & Performance L_ programmeDuring the yearat the CrossroadsCrossroadsprovidedCentre,freeAntiguaor assistedvalued placesat US$721,441for international(2024: clients$213,728).to attendThe thequality treatmentof the Lo toprogrammetreatment. is world-renownedCrossroads offer andboth takesa 4aweekholisticand approach6 week basedtreatment on theprogramme, philosophy ofto thegive 12-Stepoptions approachto those seeking treatment.
_ In order to qualify for free or assisted places, clients are initially assessed for suitabil ity based on their treatment — appropriatelyneeds. There aremeansno age,tested.genderFull orinformationracial barrierson the whatsoever.Crossroads AllCentreclientsProgrammes seeking financialis includedassistanceon theirare website. L safeCrossroadsplace forfinancially Antiguan supportsclients to Bevonlive, learnHousenew inskills, Antiguareceive(US$171,847 training and(2024:find their$157,567)) feet for around which sixprovides monthsa in a protected environment and thereafter to find suitable employment. In addition, it runs a family addiction L_ counselling programme, allowing family members to participate in the client’s recovery, which allows them to learn about relationships, addiction, the skills necessary to break destructive boundaries and communication patterns, and be involved in the crucial recovery. Crossroads aims to keep its fees for paying patients as low as possible. There is also a potential for free — accommodation for local clients in Bevon House.
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- e To provide or assist in the provision of spiritual help and guidance for any persons resident (either as patients or otherwise) or working or otherwise in the Antiguan clinic.
The objectives for a particular year are shaped by these aims and reference is made to the needs, financial and other, of the clinic. The trustees determine the donations and/ or financial support to be made to the clinic.
Public Benefit
The trustees confirm that they have complied with the duty in Section 4 of the Charities Act 2006 to have due regard to the Charity Commission’s guidance on public benefit.
Crossroads reviews its aims, objectives and activities each year and has referred to Charity Commission guidelines on public benefit in reviewing its activities and planning future activities.
Crossroads’ primary objective is to prevent the to prevent the prevent the the misuse of drugs and drugs and and alcohol by the the treatment and rehabilitation of users.
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The Crossroads Antigua Foundation Report of the Trustees for the Year Ended 30 June 2025
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- In so far as the trustees are aware: - There is no relevant audit information of which the charity’s auditors are unaware; and - auditThe trusteesinformation haveand takento establishall steps thatthat theythe oughtauditors to haveare aware takenof tothat makeinformation. themselves aware of any relevant
ON BEHALF OF THE BOARD:
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Independent Auditor’s report to the Trustees of The Crossroads Antigua Foundation
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinions on other matters prescribed by the Charities Act 2011
In our opinion, based on the work undertaken in the course of the audit:
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e the information given in the trustees’ report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
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e the trustees’ report has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the Charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees’ Annual Report.
We have nothing to report in respect of the following matters in relation to which the Charities Act 2011 requires us to report to you if, in our opinion:
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e adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us;
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e the financial statements are not in agreement with the accounting records and returns;
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e certain disclosures of trustees’ remuneration specified by law are not made; or
— e we have not obtained all the —_ Responsibilities of the trustees — As explained more fully in the responsible for the the preparation of the = view, and for such internal
- e we have not obtained all the information and explanations necessary for the purposes of our audit.
As explained more fully in the trustees’ responsibilities statement set out on page 4, the trustees are responsible for the the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as they determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the Charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the Charity or to cease operations, or have no realistic alternative but to do so.
Auditor’s responsibilities for the audit of the financial statements
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Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (Uk) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
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The Crossroads Antigua Foundation
Statement of Financial Activities for the Year Ended 30 June 2025
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| 2025 | 2024 | ||
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| Unrestricted | Total | ||
| funds | funds | ||
| Notes | $ | $ | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations & legacies | 2 | 113,460 | 25,547 |
| Investments | 3 | 71,373 | 65,821 |
| Other | 4 | . | 67 |
| Total Income | 184,833 | 91,435 | |
| EXPENDITURE ON | |||
| Costs of raising funds | |||
| Investment management costs | 5 | 25,233 | 27,911 |
| Charitable activities | 6 | 1,033,819 | 539,048 |
| Total Expenditure | 1,059,052 | 566,959 | |
| Net gains/(losses) on investments | 313,482 | 389,682 | |
| NET INCOME/(EXPENDITURE) | (560,737) | (85,841) | |
| Netmovement in funds | (560,737) | (85,841) | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 5,427,342 | 5,513,183 | |
| TOTALFUNDSCARRIEDFORWARD | 4,866,605 | 5,427,342 |
Continuing operations
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All income and expenditure has arisen from continuing activities.
The notes form part of these financial statements
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The Crossroads Antigua Foundation
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- 1. ACCOUNTING POLICIES Basis of preparing the financial statements — The financial statements are presented in US$, which is the the principal operating currency. The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in — accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of 1. RecommendedFinancialFinancial ReportingPracticeStandardapplicableapplicabletoPracticeStandardapplicableapplicabletoStandardapplicableapplicabletoapplicableapplicabletoapplicabletoto charitiesinin the UKpreparingandpreparingandand Republictheirtheir accountsofof Irelandin(FRSaccordance102)in(FRSaccordance102)(FRSaccordance102)accordance102)102) (effectivewithwith the11 — JanuaryUKUK and Republic2015)’,2015)’, Financialofof Ireland’ReportingandReportingandand the StandardCharities StandardCharitiesCharities Act102 ‘The2011.102 ‘The2011. ‘The2011.2011. FinancialTheThe financialReportingstatements StandardhaveapplicablebeenReportingstatements Standardhaveapplicablebeenstatements Standardhaveapplicablebeen Standardhaveapplicablebeenhaveapplicablebeenapplicablebeenbeen preparedin thein the the } value,under theasunder theas theasas modifiedhistoricalbycostthe conventionrevaluationhistoricalbycostthe conventionrevaluationbycostthe conventionrevaluationcostthe conventionrevaluationthe conventionrevaluation conventionrevaluationrevaluation withof certaintheof certainthe certainthethe exceptionassets.assets. of investments investments which are included at market market — Thea going trusteesconcern.consider that there are no material uncertainties about the Charity’s ability to continue as Financial reporting standard 102 - reduced disclosure exemption = The charity has taken advantage of the following disclosure exemption in preparing these financial - statements,Republic of Ireland’:as permitted by FRS 102 ‘The Financial Reporting Standard applicable in the UK and - the requirement of Section 7 Statement of Cash Flow — Income All incoming resources are included on the Statement of Financial Activities when the charity is legally L. entitled to the income and the amount can be quantified with reasonable accuracy. L Donations and gifts are recorded as received. (_ Gifts-in-kind are valued at market value where possible.
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Notes to the Financial Statements for the Year Ended 30 June 2025
The financial statements are presented in US$, which is the the principal operating currency. The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of RecommendedFinancialFinancial ReportingPracticeStandardapplicableapplicabletoPracticeStandardapplicableapplicabletoStandardapplicableapplicabletoapplicableapplicabletoapplicabletoto charitiesinin the UKpreparingandpreparingandand Republictheirtheir accountsofof Irelandin(FRSaccordance102)in(FRSaccordance102)(FRSaccordance102)accordance102)102) (effectivewithwith the11 JanuaryUKUK and Republic2015)’,2015)’, Financialofof Ireland’ReportingandReportingandand the StandardCharities StandardCharitiesCharities Act102 ‘The2011.102 ‘The2011. ‘The2011.2011. FinancialTheThe financialReportingstatements StandardhaveapplicablebeenReportingstatements Standardhaveapplicablebeenstatements Standardhaveapplicablebeen Standardhaveapplicablebeenhaveapplicablebeenapplicablebeenbeen preparedin thein the the value,under theasunder theas theasas modifiedhistoricalbycostthe conventionrevaluationhistoricalbycostthe conventionrevaluationbycostthe conventionrevaluationcostthe conventionrevaluationthe conventionrevaluation conventionrevaluationrevaluation withof certaintheof certainthe certainthethe exceptionassets.assets. of investments investments which are included at market market
Interest and investment income are recognised when receivable.
Royalty income is recognised when receivable.
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Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources.
Costs of generating funds comprise those costs directly attributable to managing the investment portfolio and raising investment income.
Scholarship costs are those direct costs incurred in providing financial assistance to persons attending the Crossroads Centre in Antigua and expenditure incurred in the running of the charity itself as an organisation. The costs are wholly attributable to the sole activity of the charity which is providing assistance to the Crossroads Centre in Antigua.
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Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include audit fees and costs linked to the strategic management of the charity are allocated to the sole activity of the charity.
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The Crossroads Antigua Foundation
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Notes to the Financial Statements — continued for the Year Ended 30 June 2025
Debtors
Debtors are amounts owed to the charity. They are recognised at the measure on the basis of their recoverable amount. Prepayments are valued at the amount prepaid.
Amounts which are owed to the charity in more than a year are shown as amounts falling due after more than one year.
Cash at bank
Cash at bank is held to meet the day to day running costs of the charity as the fall due.
Creditors
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Creditors are amounts owed by the charity. They are measured at the amount that the charity expects to have to pay to settle a debt.
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The Crossroads Antigua Foundation
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Notes to the Financial Statements - continued for the Year Ended 30 June 2025
6. CHARITABLE ACTIVITIES COSTS — continued
Support costs included above are as follows:
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| 2025 | 2024 | |||
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| Governance costs Insurance Trustees’ expenses Auditors’ remuneration General expenses Bank interestandcharges Marketing Amortisation |
$ 7,316 - 13,995 6,141 746 6,456 - |
$ 6,828 41,502 9,668 9,868 752 - 2,778 |
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| 34,654 | 71,396 | |||
| 7. | TRUSTEES' REMUNERATION AND BENEFITS | |||
| There were no trustees’ remuneration or other benefits forthe year end 30 June 2025 norforthe year ended 30 June 2024. There were no amounts reimbursed or paid to the trustees during the year |
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| (2024— $41,502). | ||||
| 8. | INTANGIBLE FIXED ASSETS | Website | Licenses | Totals |
| Development | ||||
| Cost | $ | $ | $ | |
| At 1 July2024 | 13,891 | 2 | 13,893 | |
| Additions | - | - | - | |
| At30 June 2025 | 13,801 | 2 | 13,893 | |
| Amortisation | ||||
| At 1 July2024 | 13,891 | - | 13,891 | |
| Charge for the year | - | - | - | |
| At30June2025 | 13,891 | - | 13,891 | |
| Net Book Value | ||||
| At30June 2025 | - | 2 | 2 | |
| At30June2024 | - | 2 | 2 | |
| 9. | FIXEDASSETINVESTMENTS | 2025 | 2024 | |
| $ | $ | |||
| Listed investments Cash and other equivalents |
3,548,132 16,016 |
4,152,336 55,433 |
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| 3,564,148 | 4,207,769 |
7. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees’ remuneration or other benefits for the year end 30 June 2025 nor for the year ended 30 June 2024. There were no amounts reimbursed or paid to the trustees during the year (2024 — $41,502).
8. INTANGIBLE FIXED ASSETS
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Notes to the Financial Statements — continued for the Year Ended 30 June 2025
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|11.|CREDITORS:|AMOUNTS|FALLING|DUE|WITHIN|ONE|YEAR|
|2025|2024|
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|Accrued|expenses|91,243|65,929|
|91,243|65,929|
|12.|MOVEMENT|IN|FUNDS|
|Net|
|movement|in|
|At|1.7.24|funds|At|30.6.25|
|$|$|$|
|Unrestricted|funds|
|General|fund|5,427,342|(560,737)|4,866,605|
|TOTAL FUNDS|5,427,342|(560,737)|_ 4,866,605|
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Net movement in funds, included in the above are shown on the Statement of Financial Activities.
- RELATED PARTY DISCLOSURES
None of the trustees, or persons relating or connected by business to them, has received any remuneration from the Foundation during the current year or prior year except as noted below.
The Crossroads Antigua Foundation is the sole member of Crossroads Incorporated which is a not-forprofit company, not having share capital and registered in Antigua. Under the terms of the Articles of Association its income can only be applied for charitable purposes. On dissolution of the company any remaining assets would vest in The Crossroads Antigua Foundation. The Foundation made no donation to Crossroads Inc during the year (2024: Nil).
At the year end, included in accruals, The Crossroads Antigua Foundation owed Crossroads Incorporated $50,510 (2024: $26,710) in respect of the Family Programme, Bevon House and for international scholarships for people attending the Crossroads Centre in Antigua. At the year-end Crossroads Incorporated owed The Crossroads Antigua Foundation $1,198,040 (2024: $1,198,040) for a loan to fund building extensions at the Crossroads centre. Capital repayments have been made during the year of $nil (2024: $nil). Interest of $nil (2024: $nil) was receivable on the loan from Crossroads Incorporated during the year.
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|Financial|information|of|Crossroads|Incorporated|based|on|the|draft|audited|financial|statements|at|
|30|June|2025|is|as|follows:|
|2025|2024|
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|Net|(expenditure)/income|for the year|20,471|(155,225)|
|Capital|and|reserves|
|General|fund|4,989,485|4,969,014|
|Restricted|fund|—|other|198,992|217,808|
|5,188,477|5,186,822|
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J Lang, the Administrator of The Crossroads Antigua Foundation, was a director and shareholder in Musiclore Limited in the year. Musiclore Limited has charged $85,763 (year ended 30 June 2025) for management and legal services to The Crossroads Antigua Foundation.
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