Company Number: N1030717 Charity Number: 102188 Crossroads Care Nl Annual Report and Audited Financial Statements for the financial year ended 31 March 2023 Daly Park & Company Limited Chartered Accountants and Registsred Auditors 4 Carnegie Street Lurgan Co. Armagh BT66 6AS Northern Ireland
Crossroads Care Nl CONTENTS Page Trustees, and Other Information Trustees, Annual Report Statement of Trustees, Responsibilities Independent Auditor's Report 10-12 Statement of Financial Activities 13 Balance Sheet 14 Statement of Cash Flows 15 Notes to the Financial Statements 16-21 Supplementary Information relating to the Financial Statements 23
Crossroads Care Nl TRUSTEES. AND OTHER INFORMATION Trustees Loma Martin Peter Bryans Allison Campbell Maggie Bennett David Barclay Anne Gallagher Rebecca Kincade (Resigned 14 March 20231 Sean McQuaid Brian Patterson Esther Stewart Marian Traynor Company Secretary Loma Martin Charity Number in Northern Ireland 102188 Company Number N1030717 Registered Office and Principal Address Kincade Martin House 432 Upper Newtownards Road Belfast County Antrim BT4 3GY Northern Ireland Auditors Daly Park & Company Limited Chartered Accountants and Registered Auditors 4 Carnegie Streel Lurgan Co. Armagh BT66 6AS Northern Ireland Bankers Danske Bank Donegall Square West Belfast Co. Antrim BT16JS Northem Ireland
Crossroads Care Nl TRUSTEES, ANNUAL REPORT for the financial year ended 31 March 2023 The trustees present their Trustees, Annual Report. combining the Directors, Report and Trustees, Report. and the audited financial statements for the financial year ended 31 March 2023. The financial statements are prepared in accordance with the Companies Act 2006, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities= Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). The Trustees, Report contains the infomiation required to be provided in the Trustees, Annual Report under the Statemenl of Recommended Practi (SORP) guidelines. The trustees of the company are also charity Irustees for the purpose of charity law and under the company's constitution are known as members of the board of trustees. In this report the trustees of Crossroads Care Nl present a summary of its purpose, governance, activities, achievements and finances for the financial financial year 31 March 2023. The charity is a registered charity and hence Ihe report and results are presented in a fomi which complies with the requirements of the Companies Act 2006 and. although not obliged to comply with Ihe Statement of Recommended practi applicable in the UK and Republic of Ireland FRS 102. the organisation has implemented its recommendations where relevant in these financial statements. Mission, Objectives and Strategy Objectives The objects of the Company are. for the public benefit, to relieve the stresses experienced by carers and people with physical. mental or sensory impairment within the family or home by offering a respite service through the provision of community based care attendants and, at the discretion of the board and in exceptional circumstances. to provide such care attendants for disabled people alone. ACHIEVEMENTS AND PERFORMANCE Recovering from the Pandemic and the growing challenges of the current economic climate we continue with the most extremely challenging times we have ever seen for the Domiciliary Care sector. Community Care hours have steadied somewhat although generally, only essential domiciliary services are readily available. Thankfully wilh the financial help from the Department of Health during the year. Crossroads shows a steady recovery in this financial year. Our Young Carers project has continued with steady progress during Ihe year with oulings and events now fully restored after the Pandemic. We have been extremely happy wilh the funding and specific granl aid received for the Young Carers Project during the year. The In Your Prime project continues to provide support through the project. although funding during this year has been down. The new year looks more promising with additional advertising for volunteers and active management in place to build on our volunteer portfolio which in tum will increase the help for vulnerable isolated older people. The Activity and Sensory Room project has recovered significantly over the past year post pandemic. Wilh increased ServIS due to funding, we have introduced a Holiday Project Scheme funded by the Trust. We ontinue lo actively seek to secure future funding for the Aclivity and Sensory Room to update equipment frjr the Children.
Crossroads Care Nl TRUSTEES. ANNUAL REPORT for the financial year ended 31 March 2023 Structure, Governance and Management Structure GOVERNING DOCUMENT The charity is a company limited by guarantee and is governed by its Memorandum and Articles of Association dated 1998. The trustees of Crossroads ensure that the charity complies with the governing document. Trustees also make sure thal charity law requirements and other laws that apply to the charity arè complied with. Crossroads governing documenl declare that= What the charity exists to do (its purpose as explained in the objects clause) is adhered to. What powers it has to further its objects How many trustees there should be and how they are appointed and removed Rules about trustees, meelings, how they are arranged and conducted and recorded How to close down the charily The directors who served during the year were: B Patterson - Chairman E Stewart- Treasurer M Traynor- Vice Chairman L Martin - Secretary D Barclay S McQuaid A Gallagher R Kincade (Resigned 1413123) P Bryans A Campbell M Bennett The organisation is governed by the directors who are selected by nomination to the board. All major decisions are made by the directors who are responsible for the oversight and good govemance of the charity. Day to day operational decisions are delegated to the Chief Executive offir. APPPOINTMENT OF TRUSTEES Trustees are appointed in line with the Memorandum & Articles of Crossroads. Four trustees are elected annually by the other trustees of the charity attending the Annual General Meeting to hold positions of Chairman, Vice-chair, Treasurer and Secretary. The trustees have powers to CO•OPt up to Iwo further members to fill specialist roles.
Crossroads Care Nl TRUSTEES, ANNUAL REPORT for the financial year ended 31 March 2023 Governance TRUSTEE INDUCTION AND TRAINING New trustees undergo an orientation day to brief them on.. Their legal obligations under chariiy and company law Informing the new trustee on the content of the Memorandum and Articles of Association The committee and the decision making processes The rent financial performance of the charity During the induction day Ihey will meet key employees and other trustees Trustees are encouraged to attend appropriate external training events lo help wilh their role as trustee ORGANISATION AND cOMMITEEs Crossroads Iruslees meet quarterly, but if a particular subject needs further work then an extraordinary meeting is called. At certain times a sub-committee. if needed. is established to take on specific responsibilities and to make recommendations lo the main board. An organisational chart is attached showing the structure of the organisation whereby the board has overall responsibility of Crossroads. RELATED PARTIES AND CO-OPERATION WETH OTHER ORGANISATIONS Crossroads have a partnership with the British Medical Association (Nl) dating back many years. The BMA have been supportive of the work of Crossroads and have entered into partnership for the Young Carers project and the In Your Prime project. The majority of Crossroads domiciliary work is funded through contracts with Heatth and SocFal Care Trusts. PAY POLICY FOR SENIOR STAFF Directors are unpaid volunteers who have independent control over, and legal responsibility for, the management and administration of Crossroads. The Directors of Crossroads give of their time freely and no director receives remuneration. The senior management team are the key personnel in charge of the operations and day to day business of the charity- Senior staff are appointed at a salary that is deemed reasonable for the position. The pay of the senior staff is not increased nor reviewed. RISK MANAGEMENT Crossroads have 4 ISO'S Inlemational Organisation for Standardisalion A standard is a document that provides requirements. specifications. guidelines or characteristics that can be used consistently to ensure processes and services are fit for their purpose. IS09001- Qualily Management System ISO 27001 Information Security Management System ISO 14001 Environmental Management System OHSAS 18001- Health & Safety Management System Crossroads review on a regular basis the principal risks and uncertainties of the organisation Policies, systems and procedures are in place to miligale risks identified in the review Procedures are implemented lo minimise or manage any potential impact on Crossroads should risks materialise Financial sustainability is the major risk for Crossroads and regular reviews are undertaken to ensure liquid funds to settle debts as they fall due are available Non-financial risks such as fire, health& safety, and food hygiene are managed by ensuring accreditation is up lo date
Crossroads Care Nl TRUSTEES. ANNUAL REPORT for the financial year ended 31 March 2023 Financial Revlew PRICING POLICY The cost for Domiciliary Care Servi is decided by each Health Trust. The Trusts set the hourly rate that they will pay for our seNice. There is no negotiation they operate on a 'take it or leave it, policy. Crossroads are aware through auditors how much an hour of cost and it is seldom the cost per hour that the Trust offers. The care rates offered by the Trust Board for the financial year 2022-2033 was merely £0.8p per care hour increasing by only 0.440/D, and disappointingly no fijrther increase predicted for April 2023. The Board are happy with the results for the year. We have undertaken a SignifinI review of our income and expenditure during the year. This process highlighted a number of areas where we have been able to implement cost savings during the year bul which will also generate further savings in the coming year. The charity returned net incoming resources of £204,064 (2022: £102,632) of which these were unrestricted net outgoing resources of £214.825. INVESTMENT POWERS AND POLICY Trustees have powers to invest and have chosen to buy property as an investment as well as a facility for operational matters. RESERVES POLICY AND GOING CONCERN The Trustees expect that there are reseNes of 3 months operating monies. Any surplus assets of the company shall be applied solely to creating a general reserve for the continuation and development of the company. PLANS FOR FUTURE PERIODS It is Crossroads intention to continue and build upon the domiciliary work that we undertake including self-directed support. We will also continue to diversify in our charitable work by applying to grant making bodies and trusts. We fully intend to continue our support of Young Carers in Northern Ireland and our In Your Prime project. Results and Dividends At the end of the financial year the charity has assets of £1,303,886 (2022 - £1,031,391) and liabilities of £108.978 (2022 - £110.547). The net assets of the charity have increased by £274.064. Trustees The current Irustees are as set out on page 3 Loma Martin Peter Bryans Allison Campbell Maggie Bennett David Barclay Anne Gallagher Rebecca Kincade (Resigned 14 March 2023) Sean MGQuaid Brian Patterson Eslher Slewart Mar¢an Traynor In accordance with the Constitution, the trustees retire by rotation and, being eligible, offer themselves for re-election. The secretary who served during the financial year was.. Loma Martin Compliance with Sector-wide Legislatlon and Standards The charity engages pro-actively with legislation. standards and codes which are developed for the sector. Crossroads Care Nl subscribes to and is compliant with the following.. The Companies Act 2006 The Charities SORP (FRS 102)
Crossroads Care Nl TRUSTEES. ANNUAL REPORT for the financial year ended 31 March 2023 Auditors Daly Park & Company Limited, (Chartered Accountants), were appointed auditors by the Iruslees to fill the casual vacancy and they have expressed their willingness to continue in office in accordance with the provisions of Section 485 ofthe Companies Act 2006. Approved by the Board of Trustees on 19 June 2023 and signed on its behalf by: Brian Patterso. Director Esther Stewart Dlrector
Crossroads Care Nl STATEMENT OF TRUSTEES. RESPONSIBILITIES for the financial year ended 31 March 2023 The trustees, who are also directors of Crossroads Care Nl for the purposes of company18w, are responsible for preparing the finanaal statements in accordance with applicable law and regulations. Company law requires the trustees as the directors to prepare financtal statements for each financial year. Under that law the trustees have elected to prepare the financial statements in accordan¢e with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable lawl including FRS 102 "The Financlal Reporting Standard applicable in the UK and Republic of Ireland" Section 1A {Small Entities). Under company law the trustees musl not approve the financial statements unless they are satisfied that they give a true and fair view of the slate of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the trustees a required lo.. select suitable accounting policies and apply them consistently; obsetve the methods and principles in the Charities SORP make judgements and eslimales that are reasonable and prudent: stale whether the financial statements have been prepared in accordance with the relevant finanGial reporting framework, identify those standards, and note the effect and the reasons for any material departure from those standards- and prepare the financial statements on the going concern basis unless it is inappropriate to presume that Ihe charity wll continue in operation. The Iruslees are responsible for keeping adequate accounting records Ihal are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006 and. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the trustees are aware: there is no relevant audit information (infomialion needed by the charitys auditor in connection with preparing the auditor's report) of which the charity's auditor is unaware. and the Iruslees have taken all the steps that Ihey ought to have taken as trustees in order to make themselves aware of any relevant audit infomation and to establish that the charity's auditor is aware of that infom)ation. Approved by the Board of Trustees on 19 June 2023 and signed on its behalf by". Brian Patter Director Esther Stewart Director
INDEPENDENT AUDITOR'S REPORT to the Members of Crossroads Care Nl Report on the audlt of the financial ststements Opinion We have audited the charity financial statements of Crossroads Care Nl fthe charity,) for the financial year ended 31 March 2023 which comprise the Statement of Financial Activities (incorporating an Income and Expenditure Account). the Balance Sheet, the Statement of Cash Flows and notes to the financial statements, including the summary of significant accounting policies set out in note 2. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" applying Section 1A of that Standard and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with FRS 102. In our opinion, when reporting in accordance with a fair presentation framework the financial statements.. give a true and fair view of the state of the charity's affairs as at 31 March 2023 and of its surplus for the financial year then ended- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practi., and have been prepared in accordance with the requirements of the Companies Act 2006 and the Charities Act (Northem Ireland) 2008. Basis for opinion We conducted our audit in accordance with Intemational Standards on Audiling (UK) (ISAS (UK}) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concem In auditing the financial statements. we have concluded that the trustees. use of the going concem basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that. individually or collectively. may cast significant doubt on the charity's ability to continue as a going concern for a period of at least e1ve months from the date when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. Other Information The other information comprises the infomialion included in the annual report other than the financial statements and our Auditorfs Report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and. except lo the extent olherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the olher information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit. or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent rnaterial misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. 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 nothin9 to report in this regard. Opinion on other matter prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audFt'. the information given in the Trustees, Annual Report for the financial year for which the financial statements are prepared is consistent with the financial statements., and the Trustees, Annual Report has been prepared in accordance with applicable legal requirements. 10
INDEPENDENT AUDITOR'S REPORT to the Members of Crossroads Care Nl Matters on which we are required to report by exception In the light of our knowledge and underslanding of the chartty and its environment obtained in the course of the audit, we have not identified material misstalements in the Trustees, Annual Report. We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion.. adequate accounting records have not been kept- or the financial statements are not in agreement with the accounting records and returns,. or certain disclosures of trustees, remuneration specified by law are not made., or the trustees were not entitled to prepare the financial statements in accordance wilh the small companies regime and take advantage of the small companies, exemption in preparing the Trustees, Annual Report. Responsibilities of trustses for the financial statements As explained more fully in the Statement of Trustees, Responsibilities set out on page 8, the trustees are responsible for the preparation of the financial slatements 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 charitys ability to continue as a going concern. disclosing. as applicable, matters related to going concern and using Ihe going concern basis of accounting unless management either intends to liquidate the charity or to cease operations, or has no realistic alternative but lo do so. Auditorfs responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due lo 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. Irregularities. including fraud, are instan$ of non-complian with laws and regulations. We design procedures in line with our responsibilities. outlined above. to detect malerial misstatements in respect of irregularities, includin9 fraud. The extent to whith our procedures are capable of detecting irregularities. including fraud is detailed below.- Further information regarding the scope of our responsibilities as auditor As part of an audit in accordance with ISAS (UK), we exercise professional judgement and maintain professional scepticism throughout the audit. We also.. Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit eviden that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error. as fraud may involve Collusion, forgery, intentional omissions, misrepresentstions, or Ihe override of intemal control. Obtain an understanding of intemal control relevant to the audit in order to design audit procedures that are appropriate in the CircumstanS, but not for the pUoSe of expressing an opinion on the effectiveness of the charity's internal control. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting eslimates and related disclosures made by trustees. Conciude on the appropriateness of the trustees, use of the going concern basis of accounting and. based on the audit evidence obtained, whether a material uncertainty exists related to evenls or conditions that may cast significant doubt on the charity's ability to continue as a going concern. If we conclude that a material UnrtaInty exists. we are required to draw attention in our Auditor's Report lo the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our Auditols Report. However. fijture events or conditions may Gause the the chartly to cease to continue as a going concern. Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner thal achieves fair presentalion. 11
INDEPENDENT AUDITOR'S REPORT to the Members of Crossroads Care Nl We communicate with those charged with governance regarding, among other matters, the planned scope and tirning of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. The purpose of our audit work and to whom we owe our responsibilities This report is made solely to the charily's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Acl 2006. Our audit work has been undertaken so that we might state to the charity's members those matters we are required to state to them in an auditols report and for no other purpose. To the fullesl extent permitte law, we not accept or assume responsibility to anyone other Ihan the charity and the charity's me a body oro audit work, for this report, or for the opinions we have formed. RK & COMPANY LIMITED Accountants and Registered Auditors gie Street arter Lurgan Co. Armagh BT66 6AS Northern Ireland 19 June 2023 12
Crossroads Care Nl STATEMENT OF FINANCIAL ACTIVITIES Ilncorporating an Income and Expendlture Accounti for the financial year ended 31 March 2023 Unrestricted Restricted Funds Funds 2023 2023 Total Unrestricted Restricted Funds Funds 2022 2022 Total 2023 2022 Notes Income Donations and legacies Charitable activities Income from Charitable Activities Investments Other income 17,252 17,247 34,499 4,961 37,358 42,319 3.2 2,027,852 43,182 2,071,034 1,801,716 43,182 1,844,898 4,215 23,136 4,215 23,136 2,791 123,000 2,791 123,000 Total income 2,072,455 60,429 2,132,884 1,932,468 80,540 2,013,008 Expenditure Charitable adivilies 4.1 1,849,222 79,598 1,928,820 1,831,653 78,723 1,910,376 Net incomellexpenditure) Transfers beeen funds 223,233 {8.408) (19,169) 8,408 204,064 100,815 {24.696) 1,817 24,696 102,632 Other recognised gainsl(lossesl: Surplusl(deficit) for the financial year Unrealised gainsl{losses) on investments 214,825 (10,761) 204.064 76,119 26,513 102.632 70,000 70,000 Net movement in funds for the financial year 284,825 (10,761) 274,064 76.119 26.513 102,632 Reconciliation of funds Balances brought forward at 1 April 2022 13 869,499 51,345 920.844 793.380 24,832 818.212 Balances carried forward at 31 March 2023 1,154,324 40,584 1.194,908 869,499 51,345 920.844 The Statement of Financial Activities includes all gains and losses reGognised in the financial year. All income and expenditure relate to continuing activities. The notes on pages 16 to 21 form part of the financial slalements 13
Crossroads Care Nl Company Number: N1030717 BALANCE SHEET as al 31 March 2023 2023 2022 Notes Fixed Assets Tangible assets 534,185 467,168 Current Assets Debtors Cash at bank and in hand 10 143.453 626,248 137,615 426,608 769,701 564,223 Credltors: Amounts falling due within one year 11 (108,978) {110,5471 Net Current Assets 660,723 453.676 Total Assets less Current Liabilities 1,194,908 920,844 Funds Restricted trust funds Unrestricted designated funds General fund {unrestrictedl 40.584 520,000 634.324 51,345 450,000 419,499 Total funds 13 1,194,908 920,844 The total unrestricted funds includes a revaluation reserve of £170,000) These financial statements have been prepared in accordance with the special provislons relating to small companies within Part 15 ofthe Companies Act 2006. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies. regime and in accordance with FRS 102 "Th8 Financial Reporting Standard applicable in the UK and Republic of Ireland" applying Section 1 A of that Standard. Approved by the Board of Trustees and authorised for issue on 19 June 2023 and signed on its behalf by atterson Dlrector Esther Stewart Director The notes on pages 16 10 21 form part of th& financlal sl8lemenls 14
Crossroads Care Nl STATEMENT OF CASH FLOWS for the financial year ended 31 March 2023 2023 2022 Notss Cash flows from operating activities Net movement in funds Adjustments for.. Gains and losses on investments Depreciation Interest receivable and similar income 274,064 102.632 170,000) 5,043 {4,215} 6,579 (2.791) 204,892 106,420 Movements in working capital: Movement in debtors Movement in creditors {8,192) (1,5691 (27,048) 16.825 Cash generated from operations 195,131 96,197 Cash flows from investing activities Interest received Payments to acquire tangible assets 4,215 (2,0601 2,791 {3,929) Net cash generated from investment activities 2,155 (1,138) Cash flows from financing activities Advances to subsidiarieslgroup companies 2,354 (2,969) Net increasel(decrease) in cash and cash equivalents Cash and cash equivalents at 1 April 2022 199.640 426,608 92,090 334,518 Cash and cash equivalents at 31 March 2023 16 626,248 426,608 15
Crossroads Care Nl NOTES TO THE FINANCIAL STATEMENTS for the financral year ended 31 March 2023 GENERAL INFORMATION Crossroads Care Nl is a company limited by shares incorporated in Northern Ireland. The registered office of the company is Kincade Martin House. 432 Upper Newtownards Road, Belfasl. County Antrim. BT4 3GY, Northern Ireland which is also the principal place of business of Ihe company The financial statements have been presented in Potjnd Sterling {£) which is also the functional currency of the company. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the charity's financial statements. Basis of preparation The financial statements have been prepared on the going concern basis under the historical cost convention. modified to include certain items at fair value. The financial slatements have been prepared in accordance with the Statement of Recommended Practice (SORP) 'Accounling and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102" applying Section 1A of that Standard. As pemiitted by the Companies Act 2006, the charity has varied the slandard formats in that act for the Statement of Financial Activities and the Balance Sheet. Departures from the standard formals are to comply with the requirements of the Charities SORP and are in compliance with section 4.7, 10.6 and 15.2 of that SORP. Statement of compliance The financial stalements of the charity for the financial year ended 31 December 2017 have been prepared on the going conrn basis and in accordance with the Statement of Recommended Practice ISORP) "Accounting and Reporting by Charities preparing their acLounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102" applying Section 1A of that Slandard. Fund accounting The following are the categorises of funds maintained= Restricted funds Restricted funds represent income reIVed which can only be used for particular purposes, as specified by the donors. Such purposes are within the overall objectives of the charity. Unrestricted funds Unrestricted funds Consist of General and Designated funds. General fijnds represent amounts which are expendable at the discrelion of Ihe board, in furtherance of the objectives of the charity. Designated funds comprise unrestricted funds that the board has, al its discretion, set aside for particular purposes. These designations have an administrative putpose only, and do not legally restrict the board's discretion to apply the fund. Income Voluntary income or capital is included in the Statement of Financial Activities when the charity is legally entitled to it. its financial value can be quantified with reasonable certainty and there is reasonable certainly of its ultimate receipt. Entitlemenl to legacies is considered established when the charity has been notified of a distribution to be made by the executors. Income received in advan of due performance under a contract is accounted for as deferred income until eamed. Grants for activities are recognised as income when the related conditions for legal entitlement have been met. All olher income is accounted for on an accruals basis. Expenditure All resources expended are accounted for on an accruals basis. Charitable activities include costs of servIS and grants, support cosls and depreciation on related assets. Costs of generating funds similarly include fundraising activities. Non-staff costs not attributed to one category of activity are allocated or apportioned pro-rata to the staffing of the relevant servi. Finance, HR, IT and administrative staff costs are directly attributable to individual activities by objective. Governance costs are those associated with constitutional and statutory requirements. 16
Crossroads Care Nl NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 March 2023 Tangible fixed assets and depreciation Tangible fixed assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cosl or valuation of tangible fixed assets, less their estimated residual value, over their expected useful lives as follows: Land and buildings freehold Long leasehold property Fixtures. fittings and equipment 00 10 % Straight Line 250/0 Reducing Balance Debtors Debtors are recognised at the settlement amount due after any discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Income recognised by the charity from government agencies and other co-funders, but not yet received at year end, is included in debtors. Cash at bank and in hand Cash at bank and in hand comprises cash on deposit al banks requiring less Ihan three months notice of withdrawal. Taxation and deferred taxation No current or deferred laxation arises as the charity has been granted charitable exemption. Irrecoverable valued added tax is expensed as incurred. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation lo pay more tax in the future, or a right lo pay less tax in the future. Timing differen$ are temporary differences beeen the company's tsxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated lo apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date. INCOME DONATIONS AND LEGACIES Unrestricted Restrictsd Funds Funds 2023 2022 Donations Young Carers Donations Activty Room 17,252 17,252 3,310 13,937 4,961 37,358 3.310 13,937 17,252 17,247 34,499 42,319 CHARITABLE ACTIVITIES Unrestrictsd Restricted Funds Funds 2023 2022 Respite Servi$ Privale Care Department of Health 2,004,727 23,125 2,004.727 23,125 43,182 1,752.132 31.942 60,824 43,182 2,027,852 43,182 2,071,034 1,844,898 INVESTMENTS Unrestricted Restrictsd Funds Funds 2023 2022 Bank Interest Receivable 4,215 4,215 2.791 17
Crossroads Care Nl NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 March 2023 OTHER INCOME Unrestricted Restricted Funds Funds 2023 2022 Grants Received 23,136 23,136 123,000 EXPENDITURE CHARITABLE ACTIVITIES Direct Costs Other Costs Support Costs 2023 2022 Fundraising Costs Care Services Governan Costs 2,977 1,372,128 2,977 1.910.218 15,625 5,187 1,889,437 15.752 538.090 15,625 1,375,105 553,715 1,928.820 1,910.376 SUPPORT COSTS Charitable Activities 2023 2022 Staff Costs Rent & Rales Utilities Repairs. maintenan & Cleaning Travel Costs offi Expenses Sundry Expenses Depreciation 448,070 854 (231 12,454 961 80.367 5,989 5,043 448,070 854 (23> 12,454 961 80.367 5,989 5,043 477,526 40 9,068 2,139 104.531 591 6,579 553,715 553,715 600,474 ANALYSIS OF SUPPORT COSTS 2023 2022 Staff Costs Rent & Rates Utilities Repairs, maintenan & Cleaning Travel Cosls Office Expenses Sundry Expenses Depreciation 448.070 854 (23) 12,454 961 80,367 5,989 5,043 477.526 40 9,068 2,139 104,531 591 6.579 553,715 600,474 NET INCOME 2023 2022 Net Income is stated after ¢hargingl(¢rediting): Depreciation of tangible assels Grants receivable received 5,043 (23,136) 6.579 (123.000) 18
Crossroads Care Nl NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 March 2023 INVESTMENT AND OTHER INCOME 2023 2022 Revenue grants received Bank interest Other interest 23,136 1,319 2,896 123.000 44 2,747 27,351 125,791 EMPLOYEES AND REMUNERATION Number of employees The average number of persons employed (including executive trustees) during the financial year was as follows.. 2023 Number 2022 Number Employees 173 173 The staff costs comprise: 2023 2022 Wages and salaries Social security costs Pension costs 1,640,544 87,416 29.760 1,641,289 87,981 31,287 1,757.720 1.760.557 TANGIBLE FIXED ASSETS Land and buildings freehold Long Fixtures, leasehold fittings and property equipment Total Cost or Valuation At 1 April 2022 Additions Revaluation 450,000 1.768 178.059 2,060 629,827 2.060 70,000 70.000 At 31 March 2023 520,000 1,768 180,119 701.887 Depreciation At 1 April 2022 Charge for the financial year 1.768 160,891 5.043 162,659 5,043 At 31 March 2023 1,768 165,934 167.702 Net book value At 31 March 2023 520,000 14,185 534,185 At 31 March 2022 450,000 17,168 467,168 19
Crossroads Care Nl NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 March 2023 10. DEBTORS 2023 2022 Trade debtors Amounts owed by related parties Other debtors Prepayments and accrued income 74,317 55.556 7,508 6,074 69,353 57,910 2,206 8,146 143,453 137,615 11. CREDITORS Amounts falling due within one year 2023 2022 Trade creditors Taxation and social security cosls Other creditors Accruals and deferred income.. Pension accrual Other accruals 381 440 235 1,710 6,050 102,547 1,897 106,265 108,978 110.547 12. RESERVES Revaluation reserve Funds Total At 1 April 2022 920,844 920,844 70,000 204,064 70,000 Surplus for the financial year 204,064 At 31 MarGh 2023 70.000 1.124,908 1,194,908 13. FUNDS 13.1 RECONCILIATION OF MOVEMENT IN FUNDS Unrestricted Restricted Funds Funds Total Funds At 1 April 2021 Movement during Ihe financial year 793,380 76.119 24,832 26,513 818,212 102,632 At 31 March 2022 Movement during the financial year 869,499 284.825 51,345 (10,761) 920,844 274,064 At 31 March 2023 1,154,324 40,584 1,194,908 20
Crossroads Care Nl NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 March 2023 13.2 ANALYSIS OF MOVEMENTS ON FUNDS Balance Income Expenditure 1 April 2022 Transfers between funds Gains and losses Balance 31 March 2023 Restrictsd funds Young Carers- Other Donations Dept of Health In Your Prime Activity Room 51,345 3,310 14,071 40.584 43,182 43,182 98 22,247 98 8,310 13,937 51,345 60.429 79,598 8,408 40,584 Unrestricted funds Building Reservè Unrestricted General Designated Contingency Reserve 450,000 45,000 70,000 520,000 128,484 2,072,455 1,849.222 (139,749) 374,499 131,341 505,840 869,499 2,072,455 (1.849,222) (8,408) 70,000 1,154,324 Total funds 920,844 2,132,884 1,928,820 70.000 1,194,908 14. CONTINGENT LIABILITIES The Trustees are currently waiting for confimiation from some of the Health Trusts to clarify whether there have been any under l over payments made by them up to the period ended 31 st March 2023. If there are overpayments, it is likely that a refund would need lo be paid by the charity back to the Health Trust. Without clarification, it is impossible to quantify any amounl that may or may not be required but the Trustees feel it is prudent to disclose the possibility. The financial statements do not include any provisions in relation to this matter 15. RELATED PARTY TRANSACTIONS The charity had transactions with a related party during the year. Crossroads Care Nl Recruitment Agency Limited was incorporaled on 24th July 2019 with the charity as the sole shareholder. At the end of the year the charity is owed £55.556 from the Recruitment Agency due an initial loan with interest charged at 50/0 pla. and subsequent expenses paid on its behalf. The Recruitment Agency has also invoiced the charity a total of £1,660 in the year for care ServIS provided, whith is fully paid at the year end. 16. CASH AND CASH EQUIVALENTS 2023 2022 Cash and bank balances 626.248 426,608 17. RESERVES POLICY In line with the Gharity's reserve policy. the Trustees have set aside a designated contingency reSee target of £640.000 which equates to four months of the organisalion's running costs. This reserve is to allow for a continued. smooth delivery of domicillary services in the event of a disruption to income due to unforeseen circumStans. The trustees will continue to work towards this target in future years. 21
CROSSROADS CARE NI SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 MARCH 2023 NOT COVERED BY THE REPORT OF THE AUDITORS 22
Crossroads Care Nl SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS Operating Statement for the financial year ended 31 March 2023 2023 2022 Income 2,105,533 1,887,217 Cost of sales Fundraising Costs 2,977 3,492 2,977 3,492 Gross surplus 2,102,556 1,883,725 Expenses Wages and salaries Social security costs Staff defined contribution pension costs staff training Agency Hours Rates Insurance Light and heat Cleaning Repairs and maintenance Printing. postage and stationery Advertising Telephone Computer costs Hire of equipment Travelling and entertainment YC Activities Legal and professional Accountancy Bank charges Bad debts Rubber GloveslAprons General expenses Unifomis Subscriptions Depreciation 1,640,544 87.416 29,760 2,736 1,660 854 9,624 3,913 1.003 10,725 10,399 17,848 12.833 19,405 1,385 43.705 606 6,098 5,330 761 28 726 12,013 1.641.289 87,981 31,287 2,006 172 40 10,068 3,601 540 6,271 10,800 39.089 13,271 17,825 952 15.760 1,206 4,184 4.500 489 2,071 1.917 4.386 600 6,579 1,428 5,043 1,925,843 1,906,884 Miscellaneous income Revenue grants received other interest Bank interest 23,136 2,896 1,319 123,000 2,747 27,351 125.791 Net surplus 204,064 102.632 The supplementary inforrnation does not form part of the audited financial statements 23