If¥yi¥lrdlivii Nuiiibei". N1030717 Charity Number: 102188 Crossroads Care Nl Annual Report and Audlted FlnanGlal Statements for the financial year ended 31 March 2024 Daty Park & Company Limit•d Chartered Accountants and R¢glster8d Auditors 4 Camegle Street Lurgan Co. Arrnagh BT66 6AS Northern Ireland
Crossroads Care Nl CONTENTS Page Trustees, and Other Infomiation Trustees, Annual Rewrt Statement of Trustees. Responsibilities Independent Audilorfs Report 9- 11 Staternenl of Finanual Activities 12 Balance Sheet 13 Stslernonl of Cash Flows 14 Notes to the Financial Ststements 15-20
Crossroads Care Nl TRUSTEES. AND OTHER INFORMATION Trust Lorna Marlin Peter Bryans Allison Campbel Maggie Bennett Anne Glagher David Barday Marian Traynor Esthèr Stewart Biian Patters Sean McQuabJ Company Secretary Lcffia Martin Charlty Numbor In Northern Ireland 102188 Company Re9iStration Number NK130717 Registered Offi¢• and Pr5nelpal Addr Kincade Martin House 432 Upper Nthvlownards Road Belfast County Antrim BT4 3GY Ncrfthem Irdand Auditors Daly Park & Company Limited Charterèd Aecountants and Registered Auditors 4 Camegie Slreet Lurgan Co. Armagh BT66 6AS Northem Ireland Prlnclpal Bankern Dan5ke Bank Donegall Squar• Wast Belfast Co. Antrim BT1 fkls Ncythem Ireland
Crossroads Care Nl TRUSTEES. ANNUAL REPORT tor the financial year ended 31 March 2024 The trustees present their Trustees. Repor¢ eomkn.ning the Direclors. Rewrt and Trustees. Report, and the aLtdited finanaal stslements for the financial year ended 31 March 2024. The finanaal statements are Prepa in ac(J)arKe ryth Ihe ConyJans Act 2006. FRS 102 'The Flnanaal Reporting Standar¥J applItble in the UK and Republ of Ilar¥J. and AccountiThJ and ReKK>itirNJ by ChaDlies'. Stslement of Recommended Prn¢ti applicable to charities preparing their finanLial statements in accordan with the Financial Repc¥ting Starthrd appl'cable in the UK and Republic of Ireland (FRS 102). The Trustees. Report contains the infomation required to be wovided in the Trustees. Annual Report under the Stslemenl of Recommended Practice ISORPI guhlelines. The trustees ol the crynpany are also charity trustees for th& purposa of thawity law and undgr thè companls constitution are known as MOM1S of the knard of trust88S. In this report the tnjstees of CroSsroS Care Nl present a sumNAry of its purpM)se, govemance. activities, achievemenls atml finances kn the financial finanaal year 31 M8fGh 2024. The charity Is a reglstered charity and here the report aThJ results are presenled in a fomi which c(Ynplies WI the quIrnents of the Companies Act 2006 and. although not obliged lo COM wlh the Statement of Recornmended Practice applicable in the UK and Republic of Ireland FRS 102, the organisation has irnplemented its recommendations where reJer4nt irb these finanaal statenwnts. Mission. Obj•etives and Strategy ObJectlve$ The objects of the Company are, for the public benefft. lo relieve the stresses experienced by carers of aN ages and people with physul. menlal or sensory impairment within the famity or hon by offering a respite service through the provision of community based care attendants and, at the di$¢yeb" of the board and in expIlOna[ arcumstances. to provide such care attendants for disabled peOe akTh. ACHIEVEMENTS AND PERFORMANCE In the cjjrrent ecoN)mic dirnate, we continue to have chaifenging times in the Domiciliary Care seclor. CommunSty Care hours have steadied somewhat although generdlly. onty essential domicdiary sel¢e$ are readily available. Al the beginning of this year the living wage inrxeased by £0.92 per h)ur. This had a very sig)ificant impad on the number of wagès being paid each month. Unfortunately. the Injst orty increase¢J the hourly rate by £0.46 whi¢h left a considerable deficit ir¢ lunding. Our Young Carers project has continued with steady progress during the year with outsngs and events continuing to grow. We have been extremely happy wrth the furKling and specific grant aid received for the Young Carers Project durtng the year. The In Ywr Prime project conlJnu@s to w>vide supp¢xt through the project. although fijnding during this year has been down. We are stll actively looking for fuThthng for this project and Volwleers lo continue thi5 Vital wor The Activity and Sensory Rwm project has grovm this year. Wrth increased service5 due to funding, the thildren have benefited from the Holiday Project sch&rr funded by the LFT Trust. We continue io actively seek to secure fvture nding for th8 Acllvity and Sensory Room to update equlpftnt for the Children. A signtficant tjevdopment this year has been the opening of our first Charity Shop. Thi5 endeavour is showing great success. and tS is mainly doT) lo the vc4unteers that Olate the shop on a 8Y basis. We aim to conb'nue to grow Ihrs Ven. Structure. Gov•rnanc• and Managemont Structure GOVERNING DOCUMENT Thg charity is a lpanY limited by guarantee and is governed by tts Memorandum and Artrcks of Assoualion dated 1998. The trustee5 of Crossroads ensure that the charity complie5 th the governing dorxJTrnt. TNstee5 also make sura that charity law requirements and other laws that appty to the charity are ts)rnpld with. Crossroads goveming dcMent decl that - What the chari exists lo do its seasex ined in the ob. ts dausel adhered to.
Crossroads Care Nl TRUSTEES. ANNUAL REPORT for the financial year end8(J 31 Marcn 2024 - What powers it has lo fvrthèr its otyects - How many trustee5 there should be and how they are apFoinled and renw)ved - Rules about trustees, meetings. Ihey are arraryd and COndted and recorded - How lo close down the charity Th8 directors who served during the year w8rn: B Patterson - Chairman E Stewart- Treasurèr M Traynor- Wice Charmn L Martin. Secretary D Barday S M¢Quaid A Gallagh P Bryans A Campbell M Bennett The Organisation is gov8m8d by the diTectCrfs who are s•kcted by nomination lo the board. All major decisions are made by the directors wtho are responsible for the oveTsight and good wveman¢e of the charity. Day to day operational decisions are d¢Fegaled to the Chief Executive Offir. APPPOINTMENT OF TRUSTEES TTUStees ar8 appointed in line the M8nw)randuwn & ArtirJ8s of Crossroads. Four truste8s ar8 att•d annually by the other trustees of tho charity attending the Annual General Meèbng to hold positions of Chairnan, Vice-chair, Treasurer a£ Sècretary. The trustees have powers to c(Tropl up to tsvo lurther membets lo fill spery8lisl res. Govemance TRUSTEE INDUCTION AND TRAINING New tsustees undergo an orientat[ day io brf them on: - Their legal obligations under chanty and company law - Informing the new tnjslee on the content (rfthe MeThKJrandum and tiCleS of Association - The con)mittee aThJ the decision makiThJ processes - The recent financial perforrnan of the charity - During the induction day they will meet key emF4oyees and olher tnjslees - Tnjstees are encourdged to attend approwiale extemal training events to help with their rde as tnjstee ORGANISATION AND cOMMITEEs Crossroads trustees meet quart8ty. bLrt rf a parlicular sutiect needs (&[ work Ih•n an extrwjrdinary meèting is caJl8d. Al certain tiffies a sUMmIttee, rf needay. is established to take spe¢Kr responsibllitles and to make recommendations lo the main tr¥)ard. An organisational chart is altached shthving the stwt#ure of the organisation whereby the board has overa responsibility ol Crossroads. RELATED PARTIES AND C(>OPERATION WITH OTHER ORGANISATIONS CTossroads have a parlnershrp vlth Ihe Britssh med Assc¢lation INI) dating ba¢k many yeaTS. The BMA have been supporbve of the work of Crossroads and have enleTeii into partnership for the Yo¥Jng Carers project and the In Your Pn"me project. The majority of Cmssroads th)micHiary i8 Jnd8d thrgh ¢ontra¢ts Heatth and Social Care Trusts. PAY POLICY FOR SENIOR STAFF Directors are unpaid volunteèrs VI have independent over. aThJ kgal responsiblty for. the management and adminislralion of Crossroads. The Direc0 of Crossroads gNe of thelr time freely arKJ no dlreclor re¢tves remuneration. The senior management leam are the key personnel in thorye of the operat)ns and day to day busness of the hartty. Senior staff a appointed at a salary Ihal is deemed asOnable for th8 POS¢tion. Thè pay of the senior staff is not increased rK)r revwed.
Crossroads Care Nl TRUSTEES. ANNUAL REPORT for ihe firkanuai year enued 31 March Z024 RISK MANAGEMENT Crossroads have 4 ISO'S- Intemat)nal Iganisat)n for StsrHlarditi0n A standard is a d0ment Ihal provwjes r4uirèments. speoficaticffls. guideEines or ¢haracteri5tic5 that can be Jjsed con51slenUy lo ensure procasses and Services are fil for their puryx)se. IS09001- Quality Managefflent System ISO 27001- Informabon Security Management System ISO 14001- Environmental Management System OHSAS 18001 - Heth & Safety ManeMent System - Crossroads rewew on a regular basis the principal rÈsks and uncrtaints of the organi5ation - Policies. systems and procedures are in place to mitigate risks identffied in the revièw - Procedures are implement8d to rninimise or manage any potential impact on Crossroads should dsks mat8ri8lise - Financial sustainabdity 13 the mapr risk for Cros$roads and regular a undèrtaken lo ensure liquid funds to settle debts as they fall due are available - NOn-fancI risks Such as fire. health& safety, and f()d hygiene are managed by ensurng accreditation is up to date Financlal Review PRICING POLICY The cost for Domicilkary Care service is decided by •ath Health TTu3L The Trusts set the h¢)uty ratè that will Pay for our service. There is no negotiation - they operate on a 'take it c leave if policy. Crossroads are aware through audit$ how rnuch an FKJur of cost and it is seldryn the o)st per hour that the Trust offets. The care rates offered by the Trust Boaid for the financial year 202&2024 was merely £0.46p per care hr increasing by onty 3%. and disappointingty no further increase Currently predicted April 2024. The Board a happy wth the resLlts for th8 year. We have undertaken a significant rÈiew of our income and expenditure during tha yèar. This process highlighied a number of areas where we have been able to impl•mgnt C031 savings during the year. but which will also 98ner8ts fvrth8r savings in the ming year. INVESTMENT POWERS AND POLICY Twstees have w)wer5 to invest and have d)osen lo buy property as an investrmgnt as well as a faciltty for opgrational matters. RESERVES POLICY AND GOING CONCERN Thè Trustees expecl that there are reserves of 3 months operating monies. Any surplus assets of the corrpany shall be applied solely to creating a general reserve for the (x)ntinuation and develcyrnent of the company. PLANS FOR FUTURE PERIODS It is Crossroads intention lo continue arwj buTri J wi the domKilary work that we undertake induding self4irected 5UPPOrt. We will also ¢(linUe to diversty in our charTtable %brJrk by apptying to grant making bodiès and trusts. We fully intend to continue our support of Young Carers in Northern Ire1ar and our In Yc*Jr Prime PTojecL Results and Dlvidends Al the end of the finanaal yèar the ¢harity has assets of £1.317,61512023 - £1.303,886) and liabilttres of £109,604 12023- £108.978). The net assets of the thartty have increased by £13.103.
Crossroads Caro Nl TRUSTEES. ANNUAL REPORT for the financial year ended 31 March 2024 Trustees The Cuent Iruste&8 are as set rrttt on page 3 Loma Martin Peter Bryans lison Campbell Maggie Bennett Anne Gallagher Dawd Barclay Marian Traynor Esther Stewart Brian Pattersorb Sean McQuald In accordance with the Con51ilullon. the trustees retire by rotabon and, being ebgible. offer MSelVeS for rekneledion. The secretary who served duiing the firrancral yearwas: Loma Marbn Compliance wÈth Sector-wlde Leglslatlon and Standards The charity engages practiVelY with legislation, stsndards and codes are develcyd for the sector. Crossroads Care Nl subscribes lo and is compliant with the followrwJ= The Companies Act 2006 The Charities SORP (FRS 102) Thè Audltors Daly Park & Company Limited, (Chartered AcClnIaDts). wèrÈ appointed audltors by the trustees lo fill the r2sual vacancy and they have expressed their wtllingness to tinue In Offi In accordan with the prowsions of Section 485 of the Companies Act 2006. Appr<)ved by th• Board of Trust••s on 17 Juno 2024 arHI slgngd on its behalf by: n Patterson Director Esther Stèwart Dlreetor
Crossroads Care Nl STATEMENT OF TRUSTEES. RESPONSIBILITIES for the financial year ended 31 March 2024 The trustees, who are also olrectors of Crossroads Care Nl for the purposes of company law. are rosportsible for prepartng the )Inancial stalem9nls in accordance with applicable law and regulations. Company law requires the tnrstees as the directors to prgpare finanual ststernents for each finanoyal yew. UrKler that law the Iruslees have elected lo prepare the finanual statements in )rdan with United Kingdom Generally Accepted Accounting Practice (United Trfjngdom Accounting Standards and appli(2ble lawl induding FRS 102 'The Financial Reporbng Standard applicable in the UK and Republic of Ir81and' Section 1A (Small Entiliesl. Under ompany law the tru51ee5 rnust not approve the finanual slaternenls unless they are sab"sfied that Ihey glve a true aNI fair view of the state of affalrs of the MpanY and of profil or loss of the company for that period. In prep8rfng these financl81 statements. the trustees are required to: select suitable accounting piCieS and apply them consistently. observe the methods and prin(¥ples in the Charitie5 SORP make judgements and accounting estimatès that are rèasonable and prudent slate whether the financial stalernents have been prepared in aCCoance wtth Applicab18 accounting standard5. Identify those stsndar<l$. and note the effect and the reasons for any material departure from those standards.- and prepare the financial statements on the going concem basis unth it is inappropriate to presume that the tharity will conunue In operation. The trustees are responsible fw keeping adequate accounting records that are sufficient to show and explain the chariVs transactions and disclose with reaSonae accuracy at any tima tha financial position of the charity and 8nabl8 th8m to 8nsur8 that the financial statements coJnply wtth the Companies Act 2006 and. They are also responsiblè for safeguarding thè assets of the tharity and hence for laking reasonable 51ep3 for fhe preventsn and detectson of fraud and oiher irregularities. In so far as the trustees are avrdre.. there is rK) rdgwarit aLKlst Inf(¥matiC linformatK)n needed by the (*ariWs auditor in connection wtth preparing the audilovs roportl ofwhich the charitys auditor is unawars. and the tNstees have taken all the steps that they ought to have tsken as trustees in order to make themselvas awar8 of any r818vant audit inforrnation and to establish Ihal the chariVs aLltor is aware of that information. Approved by the Board of Trustees on 17 June 2024 and slgned on its behalf by: ria atterso Director Esther Stewart Dlrector
INDEPENDENT AUDITOR'S REPORT to the Members of Crossroads Care Nl Report on the audlt of thg financlal sLtsments Oplnion We have audited the Charity finarKial statements of Crossroads ca Nl (kne charity) for the finanaal year ended 31 March 2024 which comprise the Statement of Finanrial Ath"v"es (incorporating an In(xJme and Expenditure Account}. Ihe 8alan¢e Sheet, the Statement of Cash Flows and notes lo the financial statements. inckjding the summary of significant a¢Unting polieles set in note 2. The finanual re"rj framework that has been applied in their preparation is applicable and VnTted Kirydom A¢AInting Standards. induding FRS 102 The Financial Reporting Stsndard applicable in the UK and Republic of IreLand". applying Section 1A of that Stsndard and A¢¢ounting and Reporting by Charities.. Ststemcnt of Recommended Practice applicable to charities preparing theii acwunts in accordance wth FRS 102. In our opinion. when reporting in accordance a fair presentalion fram8work the financiaj statements.. give a true and fair vi8w of the stste of the charity's affairs as at 31 March 2024 and of its SUTpIus for the financial year then ended.. have been property prepared in accordance wilh Unl Kingdom GeneraHy A¢¢epled Accounting PraCte.. and have been prepared in accordan the requirements of Ihe CpleS Act 2006 and the Chatities Act (Northem Irdandl 2008. Basis for oplnlon We conductèd our 8udil in aco)rdance vrith Intemalional Slarxlards on Audiknng IUKI IISAS (UKII and applicablè law. Our resp$1b1¢1es under thosè standards a further described in the Auditorfs responsibltIeS for the audit of the financial stat•ments section of r report. We are independent ol the charity in accordance with ethical requirements Ihal are relevant to our audil of the financaal statements in the UK, including the FRC'S Ethical Standard. and we have fijlfilled our other ethic responsibilths in a(£OrdaTr these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate trj prowde a basis for our opinion. Conclusions relatlng to going concem In audibng the financial stataments, we have co[uded that th8 trLLStees' use of the going concem basis of accounting in the preparation of the finanual statèments is appropriate. Based on the work we have perfom)e¢J. we have not identified any material Urrta1ntieS relating lo events or conditions that. individualty or collectively. may cast swJnificant doubt on the charity's abilty to (tnlinue as a going concem fix a perv)d of al kast h¥elve rnthS from the date the fmanoal statements are authorised ts issue. Chjr responsibiltties and the resrx)nsib1les of the trustees wilh respect to wing concem are described in tho relevant sections of this reporL Oth•r Inforrnation The other information corrprises the information 1ndled in the annu report oiher than the financial statements and our Auditors Report thereon. The trustees are responsible for the other informats.on contained within the annual rèporL Our opinion on the financk3J statements does not ¢Ver the other inlormalion and, except to the exlenl otherwise explicity stated in our reKK)rt. we do not express any f(m of assurdnce condusK)n thereon. (r responsibility is to read the other inf0mtIOn and. in &)rng 80. C¢MSKJer whether the other infom)ation is materially inconsistent with the financial statements or our knoedge obtained in the coutse of th8 audit, or olheTrise appear5 lo te materially misstated. If we identify such rnatèrial inconsistsncie5 or apparent material misstatements, we are rèquirèd to determine whether this gNes rise lo a material misstatement in the finan¢1 statements themselves. If, based on the M)rk we have perfornd. we condude that there is a material Sslatement of this other information. we are requwed to report that fact. We have nothing to rerK)rt in this iegafd. Opinion on other matter pres¢ribed by the Companles Act 2006 In our opinion, bassd on the work uwK*ertaken In thg urse of Ihe audit.. the information given in the Trustees, Annual Report for the ffinanci for which the financial statements arè prepared is consistent with the finanual stal8mènts'. and th8 Trustees. Annual Report has been prepared in accordance with applicable gaI requirements.
INDEPENDENT AUDITOR'S REPORT to the Members of Crossroads Care Nl Matters whlch arè required to report by exception In the light of our knovAed9e and understanding of the chartty aN1 its environment obtalned In the ¢xurs8 of the audit, wè h8v¢ not identrfied material misststèments in the Trustees, knnual Rep We have nothing to report in res of the followng matters where the Companies Act 2006 requires us to report lo you if. in our opinion.. adequate accounting records have not been kepL or the financial stalements a not in agreement with Ihe accounting rety)rds and retums.. or certain disclosures of trustees. remuneration speafied by law are not made. or the trustees were not entilled to prepare the finan¢Aal statements in aCcOrdar the sm811 Companies regime and take advantage of the srnall compaNes' exemption in preparing the Twslees, Annual ReporL Responslbllltlès of trustee5 lor the finanelal stemer As explained more fully in Ihe Statement of Trustees. Re$wnSlIrkneS set out cffl page 8. the tryslees are responsible for the preparation of the finanual statenpnts and for betThJ sabsfied that they grve a tru8 and fail wew, and for such intemal control as they detsnnine is ceSSary to enab the preparation of financial statements that are free from mattriaf rnisstatemenl, whether due to fraud or error. In preparing the finarKial ststements. the Injstees ate reskM)nsible for assessing Ihe charrtls ability to continue as a ing COern, disclosing, as applicable. maiters related lo going cOrern and using the going con basis of sceounb.ng unless management ther intends to Imjuidate the tharity OT lo cease operatrjns. or has no realistic alternative butto do so. Auditorfs rgsponsibilitiès for the audit of th• financlal statements Our objectsves are to obtsin reasonable assurance about whether the finarrial ststemenls as a whole are free from rnalerial misstatement. whether due lo fraud or error. an(J to issue an Audrtorfs Report that includes our opbnion. Reasonable assurance is a high level ol assurance, bul is not a guaontee that an audit ojnducted in accordan with ISAS IUKI will always dete¢t a Jnaterial misstatement when il exists. Misstatements can arise from traud (Y error and are considered material if, individually or in the aggregate. they could reasonabty be eypected to influence the economic decisions of users tsken on the basis of Ihese financi statements. Irregularities. induding fraud, ave instances of non¥comlan th law5 and rEgulalK)ns. We design proCedUS in line with our spOnSibl11t1es, ouuined above. to détect rnater1 misstatements in respect of Irregulari5, including fraud. The extent lo which c¥x procedurès are capatAe of detecling irregularibes, induding fraud is detail&J bekjw.. Further informatlon regarding th• scopè of our responsibillties as audltor As part of an audit in a¢¢or(lanGe with ISAS {UKI. we exercise professional judgement aThJ maintwn professional sCeptIsM throughout the audtL We a150= Idèntsfy and assess the risks of matèrial mrsstslemenl ol the financial statements. vA)ethèr due lo or effor. design and parfom) audrt procedures responsive to those risks. and oblain audit ewdence that is suffia8nt and appropriate to provide a basis for cyjr opin[. The risk of not detecting a material mi5Statèm8nt resulting from fraud is highei than fe< one re5ulling from error. as fraud may invofve collusion. forgery, intentional omissions. misrepresentations. or the override of intemal control. Obtsin an understanding of Intern wnttol rdevant lo the audit in order to sign audii procedures hat are approwate in the urcajmstances. bul Trjt for the PLrrpose of expresslng an ¥10 on the effectiveness of the charity's intem81 (x)ntrol. Evaluate the appropriatene55 of accolIj pdioes usod and fhe reasonableness of accounting estimates and related dis¢Josures made by tnJgtees. Condude on the appropriatenes5 of the trust. usa of the going ¢nCern basi8 of accounting and, bas&d on the audit evidence obtainèd. wh9ther a material uncertainty exists related to events or conditions that may cast significant doubl on the charity's abifity to contrnue as a gng concern. If we conclude that a material UnrtaInty exists. we are required lo draw attention in our Audit¢Ys Report lo the related disclosures in the financial statements or. rf suth di$¢losures are w)a¢Jequate. to modfy our opinion. Our ¢onclusons are based on the audit evidence obtained up to the dale of our Audilorfs Report. However. future events or conditions may Se thè thè charity to C8asa to cts"nue as a going concem. Evaluate the overall presentatton. slrurture and content of the financial statemènts. irKluiffing the discJsures. and whethèr thè financiaj statements represent the ufKl8rlyng transaclions and events in a manner that achieves fair esentation. 10
INDEPENDENT AUDITOR'S REPORT to the Members of Crossroads Care Nl We communicate wih thosè charged wih govemance regaydiry. among other matters. the planned scope and liming of the audit and signfficant audtt findings, indudiThJ any significant defioenae5 in intemal control that we identify during our audit. The purpose of our audlt work and to whom we owe our responsibilities This report is ma(le solely lo the charity's members, as a body. in accordance Chapter 3 01 Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we rnight state to the charitys mernbers those matters we are required to siale lo Ihem in an auditorfs reprt and for no other purpose. To Ihe fullesl exlenl permitted by law. we do not acp1 or assume re$ponslLylrty to anyone other than the Charity and the charity'5 members as a b¢xly, for our audit )rk thrs rwrL or for Ihe opinKsns wè havè fomed. DA ARK & COMPANY LIMITED Cha d Accountants and Registered Auditors 4 C8m8gie Slreet Lurgan Co. Am4h BT66 6AS Northern Ireland 17Junè 2024 11
Crossroads Care Nl STATEMENT OF FINANCIAL ACTIVITIES Iincorporating an Incorne and Expenditure krMIl for the financial year ended 31 March 2024 Unr•strieted Restrict•d Funds Funds 2024 2024 Total Unrestricted Restrtcted Funds Funds Funds 2024 2023 2023 Total Funds 2023 Notss Income Donations and Itga¢i8s Charitable activities Income from Charitable Acty"vitses other tradirg activities Investments Other income 47.894 17.252 17247 34.499 32 1.987.357 21.591 2.008,948 2.027,852 43,182 2,071,034 11649 10,211 13.649 10.211 3.4 &5 4,215 23,136 4,215 23.136 Total incom• 2.017.866 69.485 2,087.351 2.072.455 60.429 2,132,884 Exp•ndlturg Charttablè activitses 1 2.010.809 63.439 2.074248 1.849,222 79,598 1,928,820 Net inCom(eXpendIÉUre) 7.Q57 6.046 13.103 223.233 119,169) 204.064 Transfers bets¥• fijnds (22.141) 21141 (8.4081 8,408 Other r•eognis•d gain8lVosses): Surpluslldeficrt} for the financial year Unrealised gainsl{lossesl on investments (15.084) 28.187 13.103 214,825 110.761) 204.064 70.000 70.000 Nèt mo¥em•nt in fvnds for the financlal year (15,084) 28.187 13,103 284,825 110,761) 274.064 Reconclllation of funds: Totsl funds L*ginning of the year 14 1.154.324 40.584 1.191908 869.499 51.345 920,844 Total funds at the end of the year 1.139,240 68.7TI 1.208.011 1.154.324 40.584 1.194.908 The Statement ol Financial Athib"es indude5 al gains and re¢ognised in the financial year. AJI income and expenditure relate lo continuing actwits"e& pages 15 to 20knn part OflhefwwIaF Stalents 12
Crossroads Care Nl Company Number. N1030717 BALANCE SHEET as at 31 March 2024 2024 2023 Notes FId Ass•ts Tangible assets 535.275 534,185 Current Assets Debtors Cash at bank and in hand 10 11 165,446 616.894 143.453 626,248 782.340 769.701 Credltors: Amounts falllng du• wlthln on• y•ar 12 (1119.604) 1108.978) Net Current Assets 672,736 660.723 Total A55ets le55 Current Liabilities 1,208,011 1.194.908 Funds Restricted trust funds Designated fund5 (Unrestricted) GeneTal fund {unrestricledl 6B,7Y1 528,562 610,678 40.584 520.000 634.324 Total fvnds 14 1.208.011 1.194.908 The total unrestricted funds indudes a revaluation reseNe of £(70.000112023- £(70.000)> These financial statements have been prepared in a(tordance with the $al provisions reiating to small JMpanIeS within Part 15 of the Companies Act 2006. The financtal ststemen¢s have been prepared in accordance swth fhe provisions 8ppficable lo Ix)mp8ni8s subject to the small companies, regime and accordance wtth FRS 102 Yhe Finanual Re9 Standard applicable in the UK and Republic of Ireland.. apptying Section 1A of that standard. Approved by the Board of Trustees and authorlsed for Issue on 17 June 2024 and $5gned on Its behalf by L84L QL Patters0 Dlrector Esther Stewart Dlrector The notes on pages 15 to 20 form pwt ofth8 fnanraal ststemenls 13
Crossroads Care Nl STATEMENT OF CASH FLOWS fci me flnan81 year ended 31 Marcn 2LfI4 2024 2023 Notss Cash fl<>ws from operating activitsos Nel rnovement in fuTh Adjustments for. Gains and losses on Investrnents Depreciation Interesl rac8ivabJe and similar W•M8 13,103 274,064 170.0001 5.043 14.215) 5.182 110.2111 8.074 204.892 Movements in workir¥J capttal: fvloVeffnt in debtors Movement creditors 119.0471 626 {8,1921 11.569) Cash (used inygeneraled from operations {10,3471 195,131 Cash flows from investing athit5•s Int•r8St received Payments to acquire tangible assets 10.211 {6.272} 4.215 12.060} Net cash geneiated from investment adiwtses 3.939 2,155 Cash flow5 from financlng a¢tlvities AdVanS to subsidiarieslgroup compani&s {2.946) 2.354 Net Idecreaseifincr•asè in $h and cash equlvalents Cash and ¢a$h equlvalents at thè beglnntng of the year 19,3541 626.248 199.640 426.608 Cash and cash equivalents at end of the year 11 616,894 626,248 14
Crossroads Care Nl NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2024 GENERAL INFORMATION Crossroads Carè Nl is a C4Jmpany lirrited by share5 incorporated in Northem Iland. The registered office of the company is Kincadè Martin House. 432 Upper Nwylownards Road. Belfast, County Antrim, Bf4 3GY, Northèm Ireland which is also the principal place of business of the company The finanaal statements have been presenled in Pound {£) which is also the ftjnctional cJJrrerKy ol the company. SUMMARY OF SIGNIFICANT ACCOUNnNG POLICIES The following accounting policEs have been apIe<l nStenty in dealing wth items which are considered material in relation to Ihe ¢harity's finan¢ial statements. Basis of preparatlon The financial StsÈewnts hav8 b88n prepared on Ihe going Co[rb basis under the historical cost conventicffl. modrfied to include cèrtain items at fair value. The financial statements have been prepared in a¢¢ordance with thg Statement of Recommended Pradice ISORP)"Acc(xJnting and ReportTng by Charities preparing their accounts in accordance with the Finaftaal Rewrting Standard applicable in the UK and Republic of Ireland FRS 102., applying Section 1A ol that Skndard. As pemitted by the Companies Act 2006. the chanty has varied the standard fomals in Ihal act for the Stste£nt of Financial Activrtses and the Balance Sheet. Dèpartures from the standard fomiats a to comply with the requir8m?rts of the Charili8s SORP and are in comF4iance with section 4.7. 10.6 and 15.2 of that SORP. statement of compliance The finan¢lal statements of the charity for the financaal year ended 31 December 2017 have been prepared on e going concem basi% and in acCA]rdan Mth Ihe St81ement of Recommended Practice ISORP) "Accounting and Reporting by Charities preparing their accounts in accordance with the Finanaal Reporting Stsndard applica• in the UK arKI Republic of Ireland FRS 102". aPpIng Section 1A of that Standard. Fund accounting The following are the eatewrises offvThYs mwntained: Restrlcted funds Restricted funds represent incryme 1Ved wthich can onty be used ts parlioJL8r purK%)ses, as 5peafied by the donors. Such purpose5 are within the ovwal obiecbves of the charity. Unr8strfct•d funds Unrestricted funds consist of Gen and Designaled funds. - General funds represent amunts Wh are experwjabje at the discretion of the board. In furtheran of the objectives of the charity. Designated funds comprise unrestricled funds that the board has. at its discretion. sel aside lor particular purposes. These designations have an administrative pwpose fxly, an(J do not legalty restr1 Ihe board's discretK)n to apply the fund. Ineom¢ Voluntary income or capital ¢5 included rn the Statement of Financial Acts'vities when the chatity is legally tilled lo it. tts financiaj value can be quanbrd wilh ieasonable certainty and there is reasonable rtaInty of its ultimate re¢eipL EntitlerrEnt lo le9acies is considered estailished when the charity has been notified of a distribution to be made by Ihe exectrtors. Income received in advan of dtse performance under a contract 15 counted for as deferred income until eamed. Grants for activities are re¢nISed as income when the related contht¥Jns for legal entiuement have been met. Al olher income is accounted for on an accruals basis. Expenditure Al resources expended are accounted for on an a¢¢ruals basls. Charitable activities Include costs ol services and grants. SUPPOrt costs and depreoatson on related a&8ets. Costs of generating funds similarfy include fundraising acbwlies. NOstaff costs not attributed lo one tegory of activity are allocated or apportioned prfyrAta to the staffing of the relevant service. Finance. HR. IT and administrative staff costs a directly attributable to indiwdual ¥ti¥e$ by obJ"ective. Governae costs arè those assotialgd with constitutional and statary requirements. 15
contlUg11 Crossroads Care Nl NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 Marth 2024 Tangible fixed assets and depreclatSon Tangible fixed assets are state(l al ¢051 or at valtIon. less ac£umulated depreaaticfi. The charge to depreciation is calculated to write off the original cost or vahjation of tsngible fixed assets. less Iheir estimated residual value. over theii expected useful ts'ves as fol. Land and buildings freehc4J Long leasehold propety Fixtures. rIng$ and equipment o°A 1¢Ykn Strayht Line 25% Reduong Balance Debtors Debtors are recognised at the setllement amnt due after any discount offered. Prepayments are vafued al tha am<xJnl prepaBI nel of any tradè discounts due. Incc¥me recognised by the charity from govemment agencies and other etrfundeTr. bjl not yet receive11 at year eThJ, 15 Iludj in debtors. Cash at bank and In hand Cash al bank and in hand comprises tsh on deposit at banks uIrIng less than three rnonlhs notice of withdrawal. Taxation and d•f•rr•d t#xation No current or defeed taxation arises as the c*arity has teen granted chaittable eXSfflF0n. Irrecoverabje valued added tax is expensed a5 incurred. Deferred tsx is recognised in SpeCt of all timing differences that have originated twl not reversed at the balan sheet date where transactions or events have occurred at that dats that wll result in an obligation lo pay more tax in Ihe future. or a right to pay less tsx in the fijture. riming differences are tempordry differences between the companls taxable profits and its sUS as statsd in Ihe financial statements. Deferred lax is measured on an undi5counled basis at the tax ratès that are anticipated lo apply in Ihe p8ri0ds in which the timing differences are expected to reverse. based on tax rates and laws that have been enacted or substantively enacled by the balance sheet date. INCOME DONATIONS AND LEGACIES &1 Unrg$trlct¢d Restricted Funds Funds 2024 2023 Donations Legacies Young Carers Donations Adivity Rotsm 6.629 20 6.629 20 37.793 10.101 17,252 37,793 10,101 3.310 13,937 6,649 47,894 54,543 34,499 CHARITABLE ACThTIES Unrestrkt•d R•strlct Fun(ts Funds 2024 2023 Grants from governments and olh¢i ¢04under5: Resptte Services Private Care Department of Health 1.971.462 15.895 1 J71,462 15,895 21.591 2.¢)04.727 23.125 43.182 21,591 1.987.357 21,591 2,008,948 2.071,034 OTHER TRADING ACTIVITIES Unrestricted Restricted Funds Funds 2024 2023 Other trading aclivilies 13.649 13.649 16
ontinued Crossroads Care Nl NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 2024 INVESThIEHrs Unr•strieted Restrictsd Funds Funds 2024 2023 Bank Interest Recav8ble 10.211 10,211 4,215 OTHER INCOME UrErestrlcted RestrI¢ted Funds Fund$ 2024 2023 Grants ReceNe(I 23.136 EXPENDITURE CHARITABLE ACTivmES rttt Support Costs 2024 2023 Costs Govemance Costs Fundraising Costs Care Services 14.630 15.835 604,041 14.630 19.646 2.039.972 15.625 2,977 1.910.218 3.811 1A35,931 1,439,742 634.506 2.074248 1.928,820 SUPPORT COSTS Charitable Activtties 2024 2023 Repairs. Mainten3nc9 a cleg Sundry Expee8 Rent & Rates Staff Costs Utilities Office Expenses Depreciation Travel Costs Chartty Shop Expenses 26.081 8220 1,097 493,057 26.081 8.220 1.097 493.057 12.454 5,989 854 448.070 123} 80.367 5,043 961 4.062 5.182 972 15,835 84062 5.182 972 15.83S 634,506 634506 553.715 ANALYSIS OF SUPPORT COSTS 2024 2023 Repairs, Maintenance & CleanirvJ Sundry Expenses Rent & Rates Staff.Costs Vtililitrs Office Expenses Depre¢iakn"on Travgl Costs Charity Shop E4Jenses 26.081 8.220 1,097 493.057 12,454 5,989 854 448,070 1231 80,367 5,043 961 84.062 S.182 972 1S,83S 634,$06 553.715 17
continued Crossroads Care Nl NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2024 NET INCOME 2024 2023 Net Income is stated after chargIn{creditIngl. D8preciation of tangible asset5 Grants receivablè rÈ¢eived 5.182 5,043 {23,1361 INVESTMENT AND OTHER INCOAIE 2024 2023 Revewe grants C*ed Bank interest Other interest 23,138 1,319 2.896 7.433 2.778 10211 27,351 EMPLOYEES AND REMUNERATION Number of employees The avèrage nvmber of pewns employed (Induding exeujbve trustee51 during the financial y8ar was as ft)Mow5: 2024 Number 2023 Nvmber Employees 176 173 The Staff costs comfv.. 2024 2023 Wages and salaries Social security costs Pension costs 1.736230 90.557 1,640.544 87,416 29,760 1.865.227 1.757.720 TANGIBLE FIXED ASSETS Land and buildings freehold Long Fixtures, leasèhold flttlngs and property equlpment Total Cost Al 1 Aprfl 2023 Additions S20.)0 1.768 180,119 6,272 701,887 6.272 At 31 March 2024 520,CKIO 1.768 186,391 708.159 D•pr•clatlon Al 1 April 2023 Charge the finanaal year 1.768 165,934 5.182 167.702 5.182 At 31 March 2024 1.768 171.116 172.884 Net book value At 31 March 2024 520,000 15,27S 535.275 At 31 March 2023 520,CQO 14.185 534.185
continued Crossroads Care Nl NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 Marth 2024 10. DEBTORS 2024 2023 Ttado debtors Amounts owed by rdated parties Other debtors Prepaymènts ar accnjed incom• fj6.405 58.502 7.372 33.167 74,317 55,556 7.506 6,074 165,446 143.453 11. CASH AND CASH EQUIVALENTS 2024 2023 Cash and bank balan$ 616,894 626.248 12. CREOITORS Amounts falllng due wSthln one yp¥ 2024 2023 Trade creditors A¢¢ruals ar)d deferred . Pension accru Other accruals 1A32 381 6.155 102.017 6,050 102.547 109.604 108,978 13. RESERVES RevaatIon reserve Funds Total Al the beginning of Ihe year SurKAus for Ihe financial year 70.0(K) 1,124,908 13.103 1.194.908 13,103 Al the end of the year 70.OOQ 1.138.011 1,208.011 14. FUNDS 14.1 RECONCIUATION OF MOVEMENT IN FUNDS Unrestrlcted Restricted Funds Funds Total Funds At 1 Wil 2022 Movement durtng the finanal year 869.499 284.825 51.345 (10.7611 920,844 274,064 At 31 March 2023 Movement during the fui8n¢ial year 1,154.324 115,084) 40,584 28,187 1,194.908 13.103 At 31 March 2024 1.139,240 68.771 1,208.011 19
continued Crossroads Care Nl NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2024 142 ANALYSIS OF MOVEMENTS ON FUNDS Balance 1 April 2023 Incom• Exp•ndlturo Transfers b•tween funds Balanc• 31 Mar¢h 2024 Restricted funds Young Carers- Olhgr DDnalions Dèpt of Health In Your Prime Activity Room 37.793 21.591 68.771 21,591 14 32.228 14 22,127 10.101 40.584 69.485 63,439 22.141 68,771 Unrestricted funds Building Reserve Charity Shop Unreslricted Gener81 Designated Contsngency Reserve 520.000 520.000 8,562 97.406 513,272 14,397 2.003.448 15.835 1,994.953 10,(XYJ 139.5731 7,432 128,484 505.840 1.154.324 2.017.845 {2.010.7881 122.141} 1.139,240 Total fvnds 1.194,908 2.087.330 2.074,227 1.208.011 15. CONTINGENT LIABILMES The Tnjstees a CulntlY waiting for confimatK)n from some of the Heath Trusts to clarify whether there have been any under l over payments made by them up to the period ended 31st March 2023. If there are overpayments. it is likdy that a refvnd need lo be pahl by thè charrty back lo the Health Trust. Without clarification. it is rmpossible to quantify any amount that may or may ngt be required but the Trustees feel it i$ prudent to di5dose Ihe pIbIl[. Th8 ffnancial stat8m8nts not inchjde any prowsions ir7 rdalron to IS matter 16. RELATED PARTY TIiANSACTIONS The Charity had transactions th a related party during the year. Crossroad5 Care Nl Recruitment Agency Limited was incorporated on 24th Juty 2019 the tharity a5 the sole shareholder. At the end of the year the charity is owe(J £58.502 from (hè Recruthenl Agency due an initial loan vrith intwest charged at 5¢A pla, an¢J subsequent expenses pa on its behalf. The Recruitment Agency has also invut*d the charity a totsl of £6.sfK) in the year for care seNths provided, which is fully paNJ at the year end. 17. RESERVES POLICY In line with the tharivs reserve policy, the Tnjslees have set askle a designated contingency reserve taiget of £640,000 which equatès to four months of the cwganisation's funning costs. This reserve is to allow for a continued. srTr)oth delivery of domiallary seryices in the event of a disruption lo income due lo unforeseen urcumstances. The tsustee5 wll contsnue to M)rk towards thi5 target in ftrture years.