Holy Cros& Ardoyne Trust statement of Financial Activities For The ye￿ Ended 31 December 2024 2024 2023 Unrestricted Unrestricted funds funds Notes INCOME AND KNDOWMELYTS FROM: Donations and legacies Charitable activities: Rentsl illcon Cafe 6,007 1,000 77,553 8,305 50,449 91,865 51,449 EXPENDfiuRE ON: Raising fund8 Charitable activities,. Rental income Cafe (1,800) (2,109) (108,529) {12,050) (56,598) (122,379) (58,707) (7,258) NET EXPENDITURE (30,514) NET MOVEMENf IN FUNDS (30,514) {7,258) RECONCILIATION OF FUNDS: Total fimds brought foThv&rd 3,105 10,363 TOTAL FUNDS CARRIED FORWARD 14 (27,409) 3,105 The note8 ott pages 7 to 12 fonn part of these fth&ttcial statements. Page 5 Holy Cross Ardoyne Trust Statement of Fln&tteial Posltlon A8 At 31 December 2024 2024 Unrestrleted funds 2023 Total fuDds oteg FIXED ASSETS Tangible Assets 10 2,220 1,349 2,220 1,349 CURRENT ASSETS Debtor8 Cash at bank and in hand li 3,970 39,086 4,284 23,538 43,056 27,822 (26,066) Credltors: Amounts Falling Due Withln One Year 12 (72,685) NET CURREI¥4T ASSETS (LIABILITIES) (29,629) 1,756 'OTAL ASSETS LESS CURRENT LIABILITIES (27,409) 3,105 NET (LIABILITIES)IASSETS (27,409) 3,105 FtiNDS OF THE CHARITY Unrestricted Funds (27,409) 3,105 TOTAL FUNDS 14 (27,409) 3,105 Oll behalf of the board Fr P Dllffy Trustee 3111012025 The notes on pageg 7 to 12 form part of these fmanoial statements. Page 6 Holy Cross Ardoyne Trnst Notes to the Flnanclal Statements For The Year nded 31 December 2024 l. General Informatlo Holy Crosg Ardoyne Trust is att unincorporated charity registered with the Charity Commission, regi8tored oharity number 101179, The principal address is Holy Cross, 432 Crnn)lin Road, Belfas( Co Antrim. B T14 7GE. 2. Accountlng Pollcles 2.1. B￿1& of Preparatlon of Fln&nclal Statements The financial 8tatenL¢llt8 h&ve been prepared in accordanGe with the Charities SORP (FRS 102) Accounting and Reporting by C]Jarities: Statement of Recommended Practice applicable to charities pteparing their ￿rOllnts in accordarAce with the Financial Reporting Standard applicable in th# UK and Republic of Ireland (FRS 102) (effective l January 2019) Financial Reporting Standard 102 "The Financial Reporting StI￿dard appliGable in the UK and Repub￿¢ of Ireland and the Charities Aot (Northern Ireland) 2008. The charity 18 a Publi¢ Benefit Entity as defined by FRS 102, 2.2. Incoming Resources All inooming resourGes are included in the statement of financial &Gtivitigs when entitlement has passed to the charity. it is probable that the economir benefits a560oiated with the transaotion will flow to the Gharity and tbe amount can be reliably mea8ured, The following speoific policies are applied to particular categories of income.. . in¢omo from donations or grants 18 reco£ni8ed when there is evidellce of entitlement to the gift, receipt 18 probable. and its amowit cm be m¢a8ured reliably, . logacy income is recogni8¢d when receipt 18 probable and entitlement 18 est&blishcd. . irtoorne from donated goods is mea8ured at the fair value of the goods unless thi8 18 impractical to measure reliably> in wbich ca8e tho vakue is derivod from the cost to the donor or the estimated re8ale value. Donated facilitie5 and services are recognised in the aGoounts whon received if the value can be reliably me&8ured, No amount8 are included for the contribution of general volunt¢er8. . income from contr3Ct8 for th¢ 8upply of services 18 Tecognised with the delivery of the GontracteLt Se￿iCe. Thi8 is cla8sified as unrestricted fLmd8 unle8S there is a oontractual requirement for it to be spent on a particular PUTpose and rethrned if unspent, in whi¢h case it D￿Y be reg￿dea &8 TestrioteLL 2.3. Resources Expended Expenditure is recogni8ed on an acGrua15 basis as a liability is incurred. Expendityre includes ally VAT which cannotbe fully recovered, and 18 Classified uncier headings of the statement or rinancial activities to which it relates.. expenditure on Taiging fiu]ds includes the Gosts of all fi￿draISIllg activities, events, non haritabl¢ tr&ding a¢tivities, and th¢ sale of donat¢d goods. • expenditure on ¢lwitable a¢tivitie8 includes all cost8 incurred by a charity in llndertaki￿ activities tkwt furtlw its charitable aims for the benefit of its beneficiaries, including those support costs and Losts relating to the governance of the oharity apportioned to ¢haritabl¢ ￿tivitieS. other expend11m￿ includes all expendittwe that is neither related to raising funds for the charity nor part of its expenditure on charitable activities, All costs are allocated to expenditure oategories reflecting the use of the resource. Direct costs attnbutable to a 8ittgle activity are allocatsd directly to that actlvlty. Shared costs are apportioned between the activitie8 they Contribute to on a rea8Ollable, justifiable, &lld consistent basis. Page 7 oly Cross Ardoyne Trust Iyotes to the Flnancial Statemellts (continued) For The Year Ended 31 December 2024 2.4. Tanglble Flxed Assets and Depreciation Tangible fixed assets are measuted at Cost less accumulated d8pTeciation and any accumulated impairnient losses. Depreciation is provided 8t rat88 C￿¢ll1ated to write off the cost of the f￿ed assets, less their estimated residual value, over their expected useful IAve8 on th¢ following base8: Fixtures & Fittings 200/0 reducing balance 2.5. Cash Cish EquivAlents Cash and cash equivalents are ba8ic financial assets alld include cash iti ILand and deposits h¢ld at Call with banks, Other short- terni highly liquid investments that mattwe An no more thall three months from the date of acquisition and are readily convertible to a l