CROSSFIRE TRUST
Page 10
STATEMENT OF FINANCIAL ACTIVITIES
YEAR ENDED 31 MARCH 2023
Unrestricted
Funds
Restricted
Funds
Total Funds
2023
Total Funds
2022
Note
Income from:
Donations and legacies
Charitable activities
Other income
87,464
71219
1,096
111246
95,521
198,710
166,740
1,096
84,507
173,503
Total income
159,779
206,767
366,546
258,010
Expenditure on:
Charitable activities
(143,127)
(143,127)
(118,967)
(118,967)
(262,094)
(262,094)
(202,195)
(202,195)
Total expenditure
Net income before
transfers
16,652
87,800
104,452
55,815
Transfer between funds
10
167,789
(167,789)
Net income/(expenditure) for
the year
184,441
(79,989)
104,452
55,815
Reconciliation of funds
Total funds brought fonvard
Total funds Carried fonvard
211,657
225,409
437,066
381,251
396,098
145,420
541,518
437,066
The Statement of Financial Activities includes all gains and losses in the year and therefore
a statement of total r¢co.¢mised gains and losses has not been prepared.
All of the above amounts relate to continuing activities.
The notes on pages 13 to 24 fomi part of these financial ststements.

CROSSFIRE TRUST
Page 11
BALANCE SHEET
31 MARCH 2023
2023
2022
Note
Fixed assets
Tangible assets
14
449,857
274,912
Current assets
Debtors
Cash at bank and in hand
15
78,461
76,095
32,685
193,972
154,556
(12,895)
226,657
(14,503)
Creditors: Amounts falling due within one year
16
Net current assets
141,661
212,154
Total assets less current liabilities
591,518
487,066
Creditors: Amounts falling due after more tban
one year
17
(50,000)
541,518
(50,000)
437,066
Net assets
Charity funds
Restricted income funds
Unrestricted income funds
19
20
145,420
396,098
225,409
211,657
Total charity funds
541,518
437,066
These financial statements were approved by the members of the committee on the
Christa Weir
Charity number: NIC 101499

CROSSFIRE TRUST
Page 12
STATEMENT OF CASH FLOWS
YEAR ENDED 31 MARCH 2023
2023
2022
Note
Cash floiv from operating activitie6
22
81,331
67,210
Net cash flow from oper2ting activities
81?31
67,210
Cash flow from investing activities
Payments to aquire tangible fixed assets
(199208)
(4,592)
Net eash flow from investing activities
(199,208)
(4,592)
Net (decrease)/increase in cash and casb
equivalents
(117,877)
62,618
Casb and cash equivalents at l April 2022
193,972
131,354
Cash and cash equivalents at 31 March 2023
76,095
193,972
Cash and cash equivalents consist of -
Cash at bank and in hand
76,095
193,972
Cash and casb equivalents at 31 March 2023
76,095
193,972

CROSSFIRE TRUST
Page 13
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2023
Principal accounting policies
General information and basis of preparation
Crossfire Trust is a charity which rcgistered with The Charity Commission for Northern Ireland
on I l June 2015. The address of the registered office is given in the charity infomiation on
page l of these financial statements.
CrOssf￿e Trus¢ a charitable trust is constituted under a trust deed dated 28 November 1984.
CrossfIre Trust constitutes a public benefit entity as defined by FRS 102.
Statement of com
liance
The financial statements have been prepared on the (yoing concern basis under the historical cost
convention and in accordance with Accounting and Reportin
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 issued in October
2019, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102),
the Charities leoislation in Northern Ireland and UK Generally Accepted Accounting Practice.
These financial statements have been prepared under the historical cost convention, as modified
by the revaluation of investments.
The financial statements are prepared in sterling, which is the functional currency of the entity
and rounded to the nearest £ l.
The significant accounting policies applied in the preparation of thes¢ financial statements are set
out below. These policies have been consistently applied to all years presented unless othenvise
stat¢d.
Fund accounting
Unrestricted funds of the charity consist of a General Fund which is expendable at the
discretion of the trustees in furtherance of the charitable objectives of the charity and which
has not been designated for other purposes.
Designated funds are unrestricted funds earniarked by the Manaoement Committee for
particular purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions
imposed by donors or which have been raised by the charity for particular purposes. The
costs of raising and administering such funds are charged a(yainst the specific fund.
Income recognition
All income is included in the Statement of Financial Activities (SOFA) when th¢ charity is legally
entitled to the income after any perforniance conditions have been met, the amount can be
measured reliably and it is probabl¢ that the income will be received.
For donations to be recognised the charity will have been notified of the amounts and the
settlement date in writing. If there are conditions attached to the donation and this requires a level
of perfomiance before entitlement can be obtained then income is deferred until those conditions
are fully met or the fulfilment of those conditions is wÉthin the control of the charity and it is
probable that they will be fulfilled.

Page 14
CROSSFIRE TRUST
NOTES TO THE FINANCIAL STATEMENTS (Continued)
YEAR ENDED 31 MARCH 2023
Principal accounting policies (continued)
Income recotrnition (continued)
Donated facilities and donated professional services are recognised in income at their fair value
when their economic benefit is probable, it can be measured reliably and the charity has control
over the item. Fair value is determined on the basis of the value of the gift to the charity. For
example the amount the charity would be willing to pay in the open market for such facilities and
services. A corresponding amount is recognised in expenditure.
No amount is included in the financial statements for volunteer time in line with the SORP (FRS
102). Further detail is given in the Trustees, Annual Report.
Voluntary income received by way of donations and gift is credited to revenue on a receivable
basis.
Gifts in kind donated for resale are included at fair value, being the expected proceeds from sale
less the expected costs of sale. Where estimating the fair value is practicable upon receipt it is
recognised in stock and 'Income from other trading activities, Upon sale, the value of the stock is
charged against 'Income from other trading activities, and the proceeds are recognised as 'Income
from other trading activities, Where it is impracticable to fair value the items due to the volumc
of low value items they are not recognised in the financial statements until they are sold. This
income is recognised within 'Income from other trading a¢tiviti¢s'.
Fixed asset oifts in kind are reco(ynised when receivable and are included at fair value. They are
not deferred over the life of th¢ asset.
For legacies, entitlement is the earlier of the charity being notified of an impending distribution or
the legacy being received. At this point income is re¢ognised. On occasion legacTes will be
notified to the charity however it is not possible to m¢asure the amount expected to be distributed.
On these occasions, the legacy is treated as a contingent asset and disclosed.
Income from government and other grants are recognised at fair value when the charity has
entitlement after any perforniance conditions have been met, it is probable that the income will be
received and the amount can bc measured reliably.
If entitlement is not met then these amounts are deferred. Revenue grants are credited to incoTning
resources on the earlier date of when they are received or when they are receivable, unless they
relate to a specified future period. Grants which contribute towards specific expenditure on fixed
assets are credited to the Statement of Financial Activities in full upon receipt.
Investment income is interest earned throuJ(y holding cash at bank. Interest income is recognised
when receivable.
Deferred income
Income from certain events has been deferred as the concerned events will not occur until after
the year end.

Page 15
CROSSFIRE TRUST
NOTES TO THE FINANCIAL STATEMENTS (conlinued)
YEAR ENDED 31 MARCH 2023
Principal accounting policies (continued)
Expenditure recognition
All expenditure is a￿oUnted for on an accruals basis and has been classified under headings that
aggregate all costs related to the category. Expenditure is recognised where there is a legal or
constructive oblioation to make payments to third parties, it is probable that the settlement will be
required and the amount of the obligation can be measured reliably.
Where costs cannot be directly attributed to a particular heading they have been allocated to
activities on a basis consistent with the use of the resources. Staff costs and overhead expenses are
allocated to activities on the basis of staff time spent on those activities.
Fund-raisinfj costs are those incurred in seeking voluntary contributions and do not include the
costs of disseminatiniy infonnation in support of the charitable activities.
Employee benefits
When employees have rendered service to the charity, short-tern] employec benefits to which the
employees are entitled are recognised at the undiscounted amount expected to be paid in
exchange for that service.
Value Added Tax
The charity is not registered for VAT purposes" therefore expenditure is shown inclustve of
VAT.
Fixed assets
Tangible fixed assets are stated at cos¢ or valuation less accumulated depreciation.
The costs of minor additions. where the useful life is considered to be less than 2 years, are not
capitalised.
Depreciation
Depreciation is calculated so as to WTite off the cost of an asse( less its estimated residual value,
over the useful economic life of that asset as follows:
Freehold Property
Fixtures & Fittings
Motor Vehicles
5 % (improvements); Nil (land and investments)
150/0 - 20 % strai(rht line and reducing balance
100/0 - 200/0 straight lin¢
Operating lease agreements
Rentals payable under operating leases are charged to the SOFA on a straight line basis over the
period of the lease.

Page 16
CROSSFIRE TRUST
NOTES TO THE FINANCIAL STATEMENTS (conlinued)
YEAR ENDED 31 MARCH 2023
Principal accounting policies (continued)
As a charity, it benefits from various exemptions afforded by tax legislation. It is therefore not
liable to corporation tax on income or gains falling due within those exemptions. Recovery is
made of tax deducted froTll receipts under gift aid.
Going concern
The financial statements have been prepared on a going concern basis as the trustees believe that
no material uncertainties exist. The trustees have considered the level of funds held and the
¢xpected level of income and expenditure for 12 months froTJ) authorisino these financial
statements. The budgeted income and expenditure is sufficient with the level of reserves for the
charity to b¢ able to continue as a going concern.
Judgements and key sources of estimation uncertainty
The following judgements including those involving estimat¢s have been made in the process of
applyin(T the above accounting policies that have had the most si.onificant effect on the amounts
reco.onised in the financial statements and that have a significant risk of causiniF a material
adjusknent to the carrying amounts of assets and liabilities within the next financial year:
(i) depreciation method and asset useful lives
The estimates and assumptions are reviewed on an ongoing basis considering the current and
future market conditions.
Investment property
Investment propety is initially recorded at cost, which includes purchase price and any directly
attrituble expenditure.
Donations and legacies
Unrestricted Restricted Total Funds Unrestricted
Funds
Funds
2023
Funds
Restricted Total Funds
Funds
2022
Donations
Lefjacy
87,464
111,246
198,710
43,711
26,039
14,757
69,750
14,757
84,507
87,464
111246
198,710
43,711
40,796

Page 17
CROSSFIRE TRUST
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 MARCH 2023
Income from Charitable activities
Unrestricted Restrieted Total Funds Unrestricted
Funds
Funds
2023
Funds
Restricted Total Funds
Funds
2022
Grants
NIHE / Clients
Shop and market
sales
Other sundry
income
250
65,843
95,521
95,771
65,843
2,850
59,165
105,683
108,533
59,165
2,910
2,910
5,011
5,011
2,216
2216
794
794
71219
95,521
166,740
67,820
105,683
173,503
Other income
UDrestricted Restricted Total Funds Unrestricted
Funds
Funds
2023
Funds
Restricted Total Funds
Funds
2022
Rental income
1,096
1,096
1,096
1,096
An21ysis of expenditure on charitable activities
Activities
undertaken
directly
Activities
undertaken
directly
Support
costs
Total
2023
Support
costs
Total
2022
Helping
disadvantaged
people of South
Arniagh
Siniving Kettle
(Added
Value)IYarn &
Darn
219,958
35,073
255,031
157,644
32,580
190,224
6,563
500
7,063
11,482
489
11,971
226,521
35,573
262,094
169,126
33,069
202,195
£118,967 (2022 £96,066) of the cost of activities undertaken directly and £Nil (2022 £410) of
support costs were attributable to restricted funds. £107,554 (2022 £73,060) of the cost activities
undertaken directly and £35,573 (2022 - £32,659) of support costs were attributable to unrestricted
funds.

Page 19
CROSSFIRE TRUST
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 MARCH 2023
10. Fund transfers {corttinued)
Donations received for the investment property have been shown within restricted funds. The
investment property has been purchased during the year. There are no specific tenns or
restrictions placed on the donations received. Therefore, the investment property has been
transf¢￿ed from restricted funds to unrestricted funds.
I l. Staff costs aDd employee benefits
Total staff eosts were as follows:
2023
2022
Wafjes and salaries
Social security costs
Pension costs
112,429
5224
3207
84,825
2,969
2,377
120,860
90,171
Allocated to:
2023
2022
Hclping disadvantaged people of South Arn]afjh
120,860
90,171
120,860
90,171
Particulars of employees:
The average number of employees during the year, calculated on the basis of full-time
equivalents, was as follows:
2023
No
2022
Number of management staff
Project staff
No employee received total employee benefits of more than £60,000 durino the year (2022 - Nil).
12. Trustee remuneration & related party transactions
The key management personnel of the charity are considered to be the trustees and the Chief
Executive Officer.
None of the trustees received any remuneration or expenses duriniF the year (2022 - £Nil).
Members of the management committee received total remuneration of £59,586 (2022 - £52,156)
during the year.
No trustee or other person related to the charity had any personal interest in any contract or
transaction entered into by the charity during the year (2022 - Nil).

Page 20
CROSSFIRE TRUST
NOTES TO THE FINANCIAL STATEMENTS (conlinued)
YEAR ENDED 31 MARCH 2023
13. Taxation
The Charity is a registered charity and as such, is entitled to certain tax exemptions on income
and profits from investments and surpluses on any trading activities carried out in the furtherance
of the charities primary objectives, if these profits and surpluses are applied solely for charitabl¢
purposes.
The charity is not registered for VAT and accordingly, all their expenditure is inclusive of VAT
incurred.
14. Tangible fixed assets
Land and Investment Fixtures &
Buildings
property
Fittings
Illotor
Vehicles
Total
COST OR VALUATION
At l April 2022
Additions
616,090
135,108
21,760
13,802
765,000
199208
177,448
At 31 March 2023
616,090
177,448
156,868
13,802
964,208
DEPRECIATION
At l April 2022
Char(ye for the year
At 31 March 2023
351,430
16,900
124,856
7,363
13,802
490,088
24263
368,330
132,219
13,802
514J51
NET BOOK VALUE
At 31 Marcb 2023
247,760
177,448
24,649
449,857
At 31 March 2022
264,660
10,252
274,912
The investment property relates to a commercial property purchased in February 2023 located in
Cardinal O'Fiaich Square, Crossmaglen.

CROSSFIRE TRUST
Page 21
NOTES TO THE FINANCIAL STATEMENTS (conlinued)
YEAR ENDED 31 MARCH 2023
15. Debtors
2023
2022
Other debtors
Prepayments and accrued income
37,557
40,904
28,742
3,943
78,461
32,685
16. Creditors: Amounts falling due wutbin one year
2023
2022
PAYE and NIC
Accruals
Other creditors
2,416
4J90
6,089
2,257
6,157
6,089
12,895
14,503
17. Creditors: Amounts falling due after more than one year
2023
2022
Other creditors
50,000
50,000
50,000
50,000
Other creditors include £50,000 repayable on an interest free concessionary loan which is
repayable in one payment at the end of the l O year loan period on 23 June 2024.
18. Pensions
The charity operates a defined contribution pension scheme for employees. The assets of the scheme
are held separately from those of the charity. The contributions paid by the charÉty during the year
amounted to £3,207 (2022 - £2,377). At the balance sheet date outstanding payments to the fund
totalled £747 (2022 - £688).

CROSSFIRE TRUST
Page 23
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 MARCH 2023
21. Analysis of Det assets between funds
As at 31 March 2023
Tangible Net current Lon¢y term
r￿ed assets
assets
liabilities
Total
Restricted Income Funds:
Restricted Fund - Capital
Restricted Fund - Revenue
132,926
132,926
12,494
12,494
132,926
12,494
145,420
Unrestricted Income Funds
316,931
129,167
(50,000)
(50,000)
396,098
Total Funds
449,857
141,661
541518
As at 31 March 2022
Tangible Net current
fixed assets
assets
Lono terni
liabilities
Total
Restricted Income Funds:
R¢stricted Fund - Capital
Restricted Fund - Revenue
150,752
150,752
74,657
225,409
74,657
150,752
74,657
137,497
212,154
Unrestricted Income Funds
124,160
(50,000)
(50,000)
211,657
Total Funds
274,912
4J7,066
22. Reconciliation of net income to net cash flow from operating aetivities
2023
2022
Net income for year
104,452
55,815
Depreciation and impainnent of tangible fixed assets
(Increase)/decrease in debtors
Decrease in creditors
24,263
(45,776)
(1,608)
81J31
19,928
4,838
(13,371)
67,210
Net cash flow from operating activities

CROSSFIRE TRUST
Page 24
NOTES TO THE FINANCIAL STATEMENTS (eontinugd)
YEAR ENDED 31 MARCH 2023
23. Analysis of changes in net debt
At
l April
2022
Cash
flows
At
31 March
2023
Cash and cash equivalents
Cash at bank and in hand
193,972
(117,877)
(117,877)
76,095
76,095
193,972
Long term borrowings
(50,000}
(50,000)
{50,000)
(50,000)
Net funds
143,972
(117,877)
26,095
24. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2023
2022
Less than one year
Between one and five years
Greater than five years
3,024
9,828
3,024
12,096
756
12,852
15,876
25. ContingeDcies
The charity has a contingent liability to repay grants received if certain conditions are not met or
if they are breached.