CHILDREN IN CROSSFIRE STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023 Current finan¢lal year Unr¢sIr1¢t Re•trl¢ted funds fvnd• 2023 2023 Total Total 2023 2022 Incom dend Donations and legacies Charltable activities Investments other Income 523.645 523.645 530,303 2.145.593 2,145,593 2,230,680 2,120 1,793 2,070 2,030 2.120 2.070 Total Incomo 527.835 2,145,593 2.673.428 2,764.806 Raising funds Charitsble actlvmles 300.375 300,375 208.734 2.292.088 2,500,822 292.428 1,868,711 Tolal r•sOU9• expended 509.109 2,292,088 2,801,197 2,161,139 Net In¢omel(exwndltur•) for tho yo•rl Net movement In funds 18.726 {146,495) {127,769) 603,667 Fund balances at 1 Aprll 2022 375.479 1,264,018 1,839,495 1,035,828 Fund balanc•• at 31 March 2023 394.205 1,117,521 1,511,726 1,639,495 statsment of financlal acthltles Indudes all gains arKJ losses recognlsed In the y8ar. All Income and expendltura derive from )nlInU1ng acllvlllos. The statément of financlal activitle8 8180 1x)mpli with the requ1reffnts ft)r an Income and 8ynditur8 aoUnt under the Companies Act 2006. 16-
CHILDREN IN CROSSFIRE STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023 Prlor flnanclal yoar Unrnstrlet•d Rostrlcted funds funds 2022 2022 Tolal 2022 ome and end Donations and legacies Charitable activities Investments Other incom8 $30,303 530,303 2230,680 2,230,680 1,793 2,030 1.793 2.030 Total Incomo $34,126 2330,680 2,764,806 Raislng funds Charitsble activitle8 292,428 257,948 1.610,763 292.428 1,868,711 Total r•8oure•8 •xwnded $50.376 1.610,763 2,161,139 Net Incomo1(oxpondlturn) for the yurl N•t movemont In funds (16,250) 619.917 603,667 Fund balanc88 at 1 Apn'l 2021 391,729 644,099 1,035,828 Fund balanc0• at 31 Mareh 2022 375,479 1.264,016 1,639,495 Tho slatement of finandal actlvlties includes all gains and los rec¢gni8ed in the year. All Income and expenditure derive from contlnulng acll¥ltl89. The ststement of financiej activitiès 8180 cornplies with the requirements for on income and expondlturo account under the CompanlesAct 21)06. 17-
CHILDREN IN CROSSFIRE BALANCE SHEET ASAT31 MARCH 2023 2023 2022 Notss Current assets Debtor5 Cash al bank and in hand 13 542,002 1,025,780 611,152 1.077,215 1,567,782 1,688,367 Cr•dltor•: amounts lalllng duo wlthln one year 14 (56,056) {48.872) Net Current assets 1,511,726 1.639.495 Income lund• Restricted funds Unrestricted funds 16 1.117,521 394,205 1,264.016 375,479 1.511,726 1,639,495 These flnanaal 8tatem8nts have been prepared In accordance with th8 provlslon8 applic8bl8 to (ximpanies subject to the small companies rngim8. The flnancial ststements were approved by the Trustees on 11 September 2023 Marcus O'Neill (Chairperson) Trusts• Seamus Farrel Trust•• Company reglstratlon numb•r N1054061 18-
CHILDREN IN CROSSFIRE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2023 2023 2022 Notss Cash flows from ¢)porating actlvltles Cash {absorbed byyg8ner8ted from operations {53,$55} 639,939 Invfjsllng actlvltles Investment incomo recdv8d 2,120 1,793 Not eash generated from Inv8•tlng a1VIO• 2,120 1.793 Not cash us•d In fin0Ing actlvltlos Nét {do¢rna*•)IlncrgaM In cash and cash aqulvalonts (51,435) 641.732 Cash and cash equlvalents at b8glnnlng of ygar 1,077,215 435,483 Cash and eash oqulvalents at •nd ol y•ar 1.025,780 1.077.215 19-
CHILDREN IN CROSSFIRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 A¢Gountlng polldes Chorlty Infomiallon Children in Crossfire 15 a private company limited by guarantee Incorporated In Northem Ireland. The registered ¢)ffice is 2 St Joseph's Avenue. DERRY, BT48 6TH. 1.1 A¢¢ounllng conv•ntlon The financlal statements have been prepareil In accordance wlth the charitys goveming document, the Companies Act 2006 and "Accounting and Reporting by Charltles.. Slatem8nt of R80)mmended Practlc8 applicable to charities pffjparing their accounts in accordance with the Financial Reporting Standard appllcable in the UK and Republic of IrelarKI (FRS 1021 (effective 1 January 2019).. The charity is a Public Benofft Entity as defined by FRS 102. The finandal statements are prepared In stsrllng. whlch 58 the fUnone1 currency of th8 charfty. Monetsry amounts In these finandal statements are rounded to th8 nearest £. Th8 financial 8tatements have b88n prepared under the historical cost convention. The principal accounting pollcl8s adopted are set out below. 1.2 Golng concern At the tlme of approving the finandal statsments. the Trustees have a reasonable expectatlon that th8 chadty has adequate resources lo continue in operational existence for th8 foreseeable future. Thus the Trusle&s eonllnue to adopt the going concern basis of accounting in preparing the financial ststements. 1.3 Charllabl• fund• Unreslricted funds are 8vallable for use at the dlscretion of the Trustees In fvrth8ran(* of thelr charftab19 objectives. Restdcted funds are suty'e¢t to SP8Ctfic condltions by donors as to how they may be us8d. The purpo8e8 and uses of the restrtcted funds are set out In Ihe note8 to tha finandal statements. Endowment furKls aro subject to spedfic u)nditions by donors that the capltal must be maintsined by the charfty. 1.4 Incom• Income is recognised when the charity is legalty entitled to it after any perfomance conditlons have been met, the amounts can bg measured reliably, and it is probabb that income will be recoivad. Cash donations are recognised on r8¢8ipt. Other donations are recognised once the eharity ha8 been notifi&d of the donation. unlèss perfomiance ¢ondtknons require deferral of the amount. Income lax recoverabla in relation to donalions recelved under Gift Pid or deeds of covenant Is reujgnised at the time of the donation. 1.5 ExndIture Expenditure is recognised once there is a legal or constNctlve r)bllgatlon to make a payment to a third party. It is probable thal settlement will be required and the amount of the obligats'on can be me8sured reliably.
CHILDREN IN CROSSFIRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Accountlng pollcles Icontlnued) 1.6 Tanglble fixed assets Tangible fixed assets are Inltially measured at cost and subsequently m8asurnd at cost or valuallon. nèt of depreciation and any impairment losses. Tangiblè fixed assets costing more than £1,000 are capitalis8d. with all expenditure on capital items below £1.000 being expensed io the Ststement of Finanoal Activities. Depreciallon Is recognised so as to wrlie off the cost or valualbn of assets less thelr residual values over their useful lives on the following bases: FiXre$ and ffttings Motor vehldes 20% straight line 25% stralght Ilne Th8 g8ln or Ioss arising on the disposal of an asset is detein8d as the difference betwéén the sale pmcegds and the carrylng value of thè asset, and Is recognised in the statemènt of financial activities. 1.7 Cash and ¢ash equlvalonts Cash and cash equivalents Indude cash In hand, d8posits held at call wlth banks, other short-t8rm Ilquid Investments with origlnal matuftties of thr88 months or1888. 8nd bank overdrafts. Bank overdrafts are shown within b)rrowlrvJs In current liabilili8S. 1.8 Flnan¢lal Instrumonts The charity has ele¢te(I to apply the provisions of Sedion 11 'Basi¢ Financial Instruments, and S8ctton 12 '0th8r Financial Instruments Issues, of FRS 102 to all of its financial instrumants. Financial instruments are re¢ogni$ed in the charW8 balance sheet when the tharity becomes party to the contractual provlsions of the instrument. Flnanclal assets and liabilities are offseL with the net amounts presented in the financial statemenls, when there Is a legally enforceable rfght to set off the recognised amounts and there is an Intentlon to settle on a net basls or to reallse the asset and settle the Ilabilty slmultaneously. 8a31¢ flnan¢l•l ass•ts Basic financial assets. which include debt(xs and c48h and bank balances, are initially mèasurèd at transactlon price including transaction costs and are subsequenty carried al amortlsed cost using th& èffective Inlerest method unl5 the arrangement constitutes a financing transactlon, where the transaction Is measured at the present value of the future receipts discounted at a market rate of interesl. Financi81 assets lassifie(l as receivable wlthin one year are not amortised. 8•sle Ilnanclal Il•bllftle* Basie fin8ncial liabilities, induding CrltorS and bank loan8 ate initially recognised at transactlon prlce unless the arrangement conslilules a financing transaction, where the debt instrumenl Is measured at the present value of the future Paents di8countad at a market rate of inter88L Financial liabilitie8 dassifiod as payabl6 within one year are not amortised. Debt instrurnents are 8ub8equentty carried at amortised ¢osL using the effective interest rate method. Trade crèditors are obligations to pay for gocMJs or services that have been acquired in tho ordinary course of operations from suppliets. Amounts payable are classffied as current liabiltknos rf payment is duè within one year or less. tf not. they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequenlly measured at amorfised cost using the effective interest method. Dorncognltlon of flnanclal Ilabllltles Financi21 liabilitses aro derecognised when the charitys Contractual oblhjations expire or aro dischargèd or cancelled. -21-
CHILDREN IN CROSSFIRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Accountlng pollcles {Contlnued) 1.9 Taxatlon The Gornpany Is a Gharity and is recogn by HM Revenue & Customs urKler the tharity tsx referenGe XR85661. As a rosull there is no liabilty to taxation any of its inMe. 1.10 Employee b•neffts The cost of any unused holiday entitlement is rec¥)gnised in the period in whth the employee's seNices arn recelv8d. Termination b8nefits are recognlsed Immediately as an expense when Ihe tharlty Is d8monstrably committed to tenninate the 8mF4oyment of an employee or to pmide tsmiinalion beneffts. 1.11 R•tlr•m•nt nOfft9 Payments to d8fin8d contributi¢Jn retirernent benefft schemes are charged as an exp8n$8 as they fall due. Crlllcal accounllng 08llmats8 and Judgwmnts In the application of the charity's accounting policies, the Trustees are requlred to make judgements. esllmales and assumpbons al)out the carrwng amounl of assets and liabilitses that are not readily apparent Irom other sources. The estSmates and associated assumplbns are based on hlstorical expeden¢e and other lactors that are considered to be relevanL Actual results may differ from these estimatss. The e8MateS and und8flylng 8ssumptlons are r8vl8w8d on an ongolng basls. R8vlslons to accountlng eslimales are recognised in the period in which the estimats Is revised where the revision 8ffects only that period, or in the period of Ihe revislon and fulure periods where the revl$lon affecls both Current and fulure perlods. Donatlons and legacles Unrn•trtCt Unreatrlcted funds fund$ 2023 2022 Donations and gifts 523,645 530,303
CHILDREN IN CROSSFIRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Charftablo aclfvltles 2023 2022 Grant funding 2,145,593 2,230,680 Grnnt fundlng Irish Aid, Department of Foreign Affairs and Trad8 Hilton Foundalion Summerhill Foundatlon James Percy Foundallon The BetteNiay Foundation Apèx Dominic Filzpatri¢k Van Oord Support SeDAces Sail Around Ireland St James Place Wllliam Cadbury Rockhill & Aishling Holklay Parks Llfe Unlverslty DFID UKAID Other $69,511 995,589 100,1100 112,141 4,512 20,000 25,000 20,977 7.491 593,110 672,397 120,000 71,430 20,000 33,659 25,000 15,425 14,538 158,420 506,701 281,328 2,145,593 2,230,680 Inve•tmonts Unrestrlctad Unrnstrlcted funds funds 2023 2022 Intsrest receivablo 2,120 1,793 othor Incomo Unrestrlct•d Unr•strlctsd funds funds 2023 2022 Management charge 2,070 2,030 -23-
CHILDREN IN CROSSFIRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Ralslng funds Unrostrlctod Unrestrlctéd fvnds funds 2023 2022 Fund in and ubli Staging fundraising events Stsff costs 105,931 194,444 117,692 174,736 300.375 292,428 Charttablo •ctlvltl•• 2023 2022 Staff costs Pn)gr8mme costs CRM SLbbscripllon and 88sociatgd u)8ts Promotion8 and publlcalion8 Insurance 419.693 400,188 1,914.737 1,308,150 33.576 5,584 2,577 3.511 3,469 3,293 10,290 8,109 756 1,428 1,676 4,357 3,314 3,702 10,849 10,792 8,598 8,831 13,060 8,582 17,204 18,930 14,700 14,700 8.175 6,603 Cb88ning Repalr8 and malntenance Postage, ststionery & adv8rt18lng Telephone IT cost8 Tr8velllng exp8ns8s Other stsff costs Rant Mlscellaneous expenses 2,462,674 1,806,758 Share of govemanc8 e05ts (8ee note 9) 38,148 61,953 2,500,822 1,868.711 Analysls by fund Unrestricted fund8 Restricted funds 208,734 257,948 2,292,088 1.810.763 2,500.822 1,868,711 -24-
CHILDREN IN CROSSFIRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2023 Support costs Support Governance costs costs 2023 2022 Audit fees Legal and professional 7,800 30,348 7,800 30,348 7.800 54,153 38.148 38,148 61,953 Analysed betW88n Charttable actlvltle$ 38,148 38,148 61,953 10 Tr1* None of th8 Tfustees (or any p8rsons c¥Jnnected wth th8m) receNed any remuneration or beneffts from the charfty during the year. No Iruslee was reimbursed expensès during the year12022'. £nil). No trustee received payment lor professional or other Services supplleil lo the charlty (2022.. £nll). 11 Employee• The average monthty number of employees durlng the year was: 2023 Number 2022 Number 17 18 Employmont ¢o•ts 2023 2022 Wages and s818rn9 So¢lal se¢urity costs Other penslon CA)sts 550,576 52.124 11,437 516,595 47.966 10.363 614137 574,924 There re no employees whos6 annual remuneration was more than £60.000. 12 T•xatlon The thartty Is exempt from tsx on In(xxne and galns falllrwJ wlthln section 505 of the Taxes Act 1988 or secllon 252 of the TaXaonOf ChaJeab1e Galns Act 1992 to the extenl that these are applled to Its charllablè objects.
CHILDREN IN CROSSFIRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 13 Dèbtors 2023 2022 Amounts falling due wlthln on• year. Trade debtots Other debtors Prepayments and aecrued income 464,579 52.673 24,750 515,953 38,805 56,394 542.002 611,152 14 Cr•dltors: omounts falllng du• wlthln one year 2023 2022 Other taxation and $o¢ial security A¢¢ruals and d8f8ff8d incom 13,496 42,560 13,350 35,522 56.058 48.872 15 R•tlrnm•nt benofft 8chom•• Delln•d contrlbullon schomo• The Charity owrates a defined contribution pension 8cheme for all qualifying employees. The assets of the scheme are held 5eparatsly from those of the chartty in an independenuy admlnistered fund. The charge to Fyofft or Ioss In respect of defined contribution 8c*emes was £11,437 (2022- £10.3631.
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CHILDREN IN CROSSFIRE NOTES TO THE FINANCIAL STATEMENTS {CONnNUED) FOR THE YEAR ENDED 31 MARCH 2023 17 Analysls of net as80ts belvrnen funds Unrestricted Restrlcted 2023 2023 Total Unrostrlcted Restrl¢tod 2023 2022 2022 Total 2022 Fund balances at 31 March 2023 are represented by.. Current assetsl(liabilitie8) 394,205 1,117,521 1,511.726 375,479 1.264.016 1.639,495 394,205 1,117,521 1,511.726 375,479 1,264,016 1,639,495 18 Flnanclal ¢ommltmonts, guarant¢es and contlngent Ilabllllles Certain grants received and rKelvable may become repayabie to the lund8r rf the charlty Is no longer able to meet the conditions undèr vthich they w8r8 awarded. Due to Ihe nature of thése contingencie$ it may not b8 possible to quantsfy the potential financial effect or give an indication of the timin9 as to the liabilitie8 that may arfse. 19 R•laled party tranMellons Rgmun•ratlon of key managemont personnel The remuneratton of key management pef8onn81 Is as follovA. 2023 2022 Aggregate compensatk>n 263,397 253,408 20 C••h g•n•rnted from oporntlom 2023 2022 (Deficlly$urpu8 for the year 1127,769) 603,667 Adju8tments for. Invè8lment income rocognised in Statement of financial activities (2,120) (1,793) Movèments in working capital: Decrease in deblors Increasel(deGrease) Sn credltors 69.150 7,184 44.148 6,083 Cash labsorbed byvgenoratsd from oporatlons (53,555> 639.939 21 Analysls of ehangos In not lunds The charity had rK) debt during tha year.