Holy Cross Ardoyne Trust
Statement of Financlal Activities
Year ended 31 December 2022
2022
Unreslricled
funds Total funds Tolal ILinds
2021
Notè
Income and ondowments
Donali011s and lègacles
Charitable activities
300
53.977
300
17,008
Total inGome
54,277
54,277
55,393
Expendlture
Expenditure on charllable aclivllles
Total expendlture
63,385
63,38S
63,385
46.146
83,385
48,148
Net (expgnditurejliiirome and net movement Sn funds
19,108)
{9.108)
9,247
Reconclllatlon of funds
Total funds broLighl forward
Total funds Carrled forward
19,471
19,471
10,363
10,224
10,363
19,471
The slalemenl of fiiiancial aclivilie5 includes all gains and losses re¢ognlsed in th8 year.
All Incom@ and expenditure derlve from continuing aclivi1188.
Tho notes on p•ggs 7 to 13 form part of th8S8 financlal stalements.

Holy Cross Ardoyne Trust
Statement of Financial Position
31 December 2022
2022
2021
Not
Fixed assets
Tangiblo fixed assets
13
2,484
3,619
Curront assets
Deblors
Cash al bank and In hand
14
8,568
30,051
7,568
22,154
38,619
29,722
Credltors: amounts falllng due wlthln one yéar
Net current assets
15
30,740
13,870
7,879
15,852
Total assèts léss currènt Ilabllltla8
10.383
19,471
Net a5setS
10.363
19,471
Funds of tlie charlty
Unreslricled funds
10,383
19,471
Total charity fund$
16
10,363
19,471
Those financial slalemenls were approved by the board of Iruslees and aulhorlsed for issue on
24-.,1 iol,i.%. and are slgned on behalf of the board by..
Fr A O'Kane
Tru51eo
Fr P Dufly
Trustee
The iiotes on pages 7 to 13 form part of thoso flniiiclal statements.

Holy Cross Ardoyne Trust
Notes to the Financial Statements
Year ended 31 December 2022
General information
The charity is a publlc, benefit entity aiid a registered charity in Noflhern Ireland and is
uiiincorporaled. The address ol the principal office is Holy Cross, 432 Crumlin Road, 5glfa51, Co
Antrim, BT14 7GE.
Statement of compllance
These financial slalemenls have been prepared in compliance with FRS 102, 'The Financial
Reporting Standard applicable in the UK and the Republic ol Ireland,, the Slalemenl of
Recommended Practice appllcable lo charities preparing their accounts in accordance with Ihe
Financial Reporting Standard applicable in the UK and Républlc ol Ireland IFRS 1021 {Charilies
SORP (FRS 10211 and the Charities Act {Northern Ir61andl 2008.
Aceountlng poll¢les
Basls of proparatlon
The finan¢181 stalemenls have been prepared on Ihe hislor5cal cost basis, as modifled by the
r8valualion of certain financial assets and Ilabillllea and Inv85tm&nt properties measured al fair
valLie through Income or expendllur&.
The financial statements are prepared in sterling, which is (he lunclional currency of the enlily,
Golng ¢oneern
There are no material un¢ertalnlle$ about the charity's ability lo continue.
Judgements and key sourGes of estlmatlon uncertainty
The preparatlon of the financlal stalem6nls r6qLilres management to make judgements, estimates
and assiimplions Ihal affect Ihe arnounls reportfjd. These éstimates and judgoments are
conlinLially reviewod and are based on oxp8rience and other factors, inc1udlng 6xpe¢lallons of
future events Ihal are believed lo be reasonable under the Cifcumslances,
Fund accountlng
Unrestricted funds ar$ available for use al Ihe dlscrellon ol th8 trustee$ to further any of the
charity's purposes.
Designated funds are unreslricled funds earmarked by Ihe Iru5tee5 for parlicular lulure project or
commitment.
Restricted funds ar@ SLibjecled lo reslrictiorss on Ih81r expendllure 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.

Holy Cross Ardoyne Trust
Notes to the Flnanclal Statements leoi?tlnuèdJ
Year ended 31 December 2022
Acrountlng pollcles (contltTiièd)
In¢oining resources
All Iiicoming resources are inGluded In (he slalemenl Of flnanclal activilies when enllllemenl h88
passod lo the ch¢irity,' il is probable that the economic benefits assoGialed wllli the Iransaclion will
Ilow to Ihe charity and the amount can bo roliably measured. The following spocilic policies ar¢
applied lo particular categories of InGomo'.
income from donations or grants is recognlsed when there Is evldence of 8nlillemonl lo the
gift, receipt is probable and ils amount can be measured reliably.
legacy IF)come 19 re¢o9ni$8d when receipi is probable and 6nlitlemenl is eslabllshed.
Ineome from donated good5 is measured al the fair value of the goods unless Ihls is
impracllcal lo measure reliably, In whl¢h case the value is derived fiom the cost lo the donor
or Ihe eslimaled rosale valuè. Donated facilities and services are recognised in Ihe accounts
when receSved If the value C<in be reliably measured. No amounts ar8 included for the
contribulioii ol general volunteers.
Sncome from contracts for the supply of services Is recognis8d wllh the d8liv@ry of the
¢ontracled service. This Is classified as unreslricled fuiids unless Iherè is a conlraclual
requiromenl for il lo be spent on a particular purpose and returned if unspenl. In whlch case
11 may be regarded as restricted.
Resourcas expended
Expenditure is recognise¢l on an accruals basis as a1Sabilily is Incurred. Expenditure includes any
VAT wl)ich cannot be fully recoverod, and Is classified under headings ol the statement of financial
acliviliès lo which il relates,,
expendllure on ralslng funds Includes the costs of all lunéra181ng acllvilies, events, non.
charitable trading activities, and the sale of donated goods.
expenditure on charitable acllvllies includes all costs incurred by a charlly In undertaking
activities that further ils Charitable aims for the benefit of ils beneficiaiies, including those
supparl costs and costg relating lo the govornance of the charily apporlloned to charitable
activities.
other expenditure Includes all expenditur8 Ihal Is nelthei related lo raising funds for the chaTIIy
iior part of 115 expendllure on charitable aclSvitles.
All costs are allocalod lo expenditure categorles reflecllng the use of the resource. Direct Gosls
allrlbLil8ble lo a slngle acllvity are allocated dlreclly to that aclivily, Shared costs are apportioned
between Ihe acllvilies they conlribule lo on a reasonable, justifiable and consi51ent basis.
Tangiblg assgts
Tangiblg assets are initially recorded al c051, and subsequently stated at cost less any accumulated
depreciation and Impalrment losses, Any tangible assels carried at revalued amouiils are recorded
al Ihe fair value al tho dale of revalualion less any subsoqiienl accumulated depreciation and
subsequent accumulated impairrnent loss&s.

Holy Cross Ardoyne Trust
Notes to the Flnanclal Statements fronlinued)
Year ended 31 December 2022
Accounting pollcles (eontliiiiod)
Tanglble assets (e+Jlltlrtuéd)
An increasa in tha carryin9 amount of an asset as a result of 3 ￿ValUatIon, is recognised in other
rocognisod gain5 and losses, unloss il reverses 8 charge fer impairment that has proviously been
reLognised as oxpendilure wllhln the slalement of financial aclivilies, A deGroaso in the carrylng
amount of an asset 88 a result of revaluation, is recoonised in other rettognised gains and10888s,
except lo wh5ch il offsels any previous revaluation gain, in whlch case Ihe loss is shown within
other recognlsad gains and losses on the statement of flnanclal aclivilie8.
Depréclatlon
Depreclalion is calculated so as lo wr518 off Ihe cost or valuation of an asset, le55 Ils resi(iual value,
over the u5efu1 economiG life of that assel as follows,,
Equipment
20•10 slral9ht line
Impalrment of fixed asSOts
A review for indicators of impairment is carrled out al each reporting date, with th6 recovarable
amount being esllmale(J where sucli indlcalors exist. Where the carrylng value exceeds the
recoverable amount. the asset is iimpair&d accordingly. Prior impairinenls are also reviewed for
posslble reversal 81 each reporling dale,
For thé purposes of impairment testing. when11 Is not possible lo eslimatg tha recoverable amount
of an individual assel, an estimate is made of the recoverablg arnounl of the cash-generaling unil
lo which the asset belongs. The c8sh-generaling unil is the smallest Identifiable group of 1¢ 5sels
Ihal includes the asset and generates cash inflows that largely indepelldenl of the cash inflows
from other a8se18 or groups of assets.
For impairment lesling of goodwlll, the goodwill acqulred In a business combination is. from the
acquisllion dalè, allocated lo aach of Iho Cash-generaling units that are oxpecled lo benefit from
Ihe synergies of the cornbiiiation, Ifrespèclive of wh8lh8r other assels or liabilities of the rharily
are assigiied lo Ihoso units.
Financial instrumonts
A financial asset or a financial Ilabllily Is recognised only when tho charlly beconies a party to the
contractLial provisions of the Instrument.
Basic financial instruments are Inillally recognisod at the amounl receivable or payable Including
any related Irai)saclion costs,
Currenl assets and current liabililles are subsequeiitly measured at the cash or other consideration
expected to be paid or reGeived and nol discounted,
Debt Instrument8 are subsequeiitly measured al amorlised cost.
Where Investments in shares are publlcly traded or their fair value can otherwise be measured
reliably, the investment is subsequently measured al fair valufj wllh changes in lair valuo
recognised in income and expendlture. All other such inv8Strn8nls are subsequei)Ily measured al
cost less inipic irni8nl.

Holy Cross Ardoyne Trust
Notes to the Financial Statements (coiillnuedj
Year ended 31 December 2022
Accountlng policies f¢onflnu?d)
Financlal Instruments l¢onllnued)
Other financial inslrumenls, Including derlvalives, are inlllally recognised al lair value, uiiless
paymeiil lor an assÈl is deferred beyond normal business leims or financed at a ral& of inlorest
Ilial is not a rnarkel rate, in which Gaso the assgt is measured 31 the prgsenl valu9 Of tho Ivlure
paymen1$ discounted al a markol rate of Interest for a simllar debt In$lrumenl.
Other financial instruments are subsequently measured al fairvalue, with any change$ recognised
in Ihe 81alemenl of finanGial a¢livilies, wllh the ex¢epllon of hedging in$lrumenis in a deslgnaled
hedging r&lallonship.
Finar)cial assets Ihal are measured al cost or amorlised cost aro r6viewed lor objective evidence
of iinpairment al the end of each reporting dale, If Ihere is oblectlve evid ence ol impairmenl, an
impairmeiil loss is recognised undor Ilie appropriatg hoadlng in the statement of fii)aiicial activities
in which the initial gain was recognlsed.
For all eqLllty instruments regardless of signiflcance. and olh8r financial assets that are individually
$19nlficanl, these are assessed Indlvldually for impairment. Olher financial asse15 are either
a5sess6d indivldually or 9rouped on the basis ol similar Gredil risk characl8risli¢s.
Any raversal$ of Irnpairmenl are recognised immediat81y, to the exlenl that the reversal does not
result in a carrylng amount of the financial asset Ihal exceeds what the Carrying amount would
have beeii had tho impairment not previously beon re¢ognised.
Donatlons and legacles
Unreslricled Total Funds Unrestricted Total Funds
Funds
2022
Funds
2021
Donatlons
Donations - Congregation of the
Passion
300
300
Grants
Department of CommunltSés Covld-19
Grant
38,385
38,385
300
300
38,385
38,385
Charltable actlvltles
Unrestricted Total Fund8 Unreslricled Total Funds
Funds
2022
Funds
2021
Other Iiicome from charitable arllvllles
53,977
53,977
17,008
17,008
10

Holy Cross Ardoyne Trust
Notes to the Financial Statements fconllnued)
Year ended 31 December 2022
Expendlturo on ¢harltable aetlvlties by fund type
Unreslricled Total Funds Uiire51ricled Total Fuiids
Funds
2022
Funds
2021
Costs associated wllh rental
Support Costs
61,561
1,824
61,561
1,824
63,385
43,973
2,173
43,973
2,173
63.385
46,146
46,146
Expendlture ¢n ¢harltable activltlas by actlvity typo
Activities
undertaken
directly
Support Total funds
costs
2022
Total fund
2021
Costs associated with rental
61,561
1,824
63,385
46,146
Analysls of support ¢osts
Analysls ol
supporl costs
aclivlty Total 2022 Total 2021
Support costs - Forelgn exchange varlance
Svpporl c051s- Bank fees
Svrjporl costs . Accountancy fees
Stipporl costs - Depreciation
(337>
96
930
1,135
13371
96
930
1.135
242
76
720
1,135
1 ,824
1.e24
2,173
Net (expendlturellincomo
Net lexpendilurellincome is slated aller charglngllcrediting)..
2022
2021
Depreciation of tangible flxed cissels
1,135
1,135
10. Independent examination fees
2022
2021
Fees payable lo the independent examlner for..
Independent examlnalion ol the financlal slaleni@nls
1,650
720
11. Staff costs
Ouring 2022 Holy Cross Ardoyne Trust's contribulioii lo The Congregation of Ihe Passion of Jfjsus
Christ in relation lo stall costs lor work undertaken on behalf ol the Charity was £27,82712021 '.
£22,195),
11

Holy Cross Ardoyne Trust
Notes to the Flnancial Statements f¢onllnuedJ
Year ended 31 December 2022
12. Trustee remunÈratlon and expensès
None of the Trustees have received any remuneraliDn during Ihg year in their capa¢ily as IrLtsleas.
13. Tanglble flxed a$sot8
Equipmont
Cost
At 1 January 2022 and 31 December 2022
Depreclatlon
At 1 January 2022
Charg8 for the year
At 31 Decgmber 2022
5,673
2,054
1,135
3,189
Carrylng amount
At 31 December 2022
2,484
Al 31 December 2021
3,619
14, Dabtors
2022
2021
Trade debtors
8,568
7,568
15. ¢redltors: amounts falllng due wlthln onè year
2022
2021
A¢¢ruals and deferred Incomo
30,740
13,870
16. Analysls of charltable funds
Unrestrlcted funds
At
1 Jan 2022
At
Incomo Expendlture 31 Dec 2022
Genoral funds
19.471
54,277
163,385}
10,363
At1 Jan
2021
Al
Income Expenditure 31 Dec 2021
General funds
10.224
55,393
146.148)
19,471
12

Holy Cross Ardoyne Trust
Notes to the Financial Statements (¢ontlnii8d)
Year ended 31 December 2022
17. Analysis of net assots between funds
Unre51ricled Total Funds
Funds
2022
Tangibla fixed assets
Current assets
Creditors less than 1 year
Net assets
2.485
38,S18
130,740)
10,363
2,485
38,618
(30,7401
10,383
Unreslricl8d Total Funds
Funds
2021
Tanglble flxed assets
Current assets
Creditors less than 1 y&ar
Net as$6ts
3,619
29,722
113,8701
19,471
3.619
29.722
113,870}
19,471
13