Centre for Cross - Border Studies
(company Ilmlted by guaratit¢¢)
INDEPENDENT AUDITOR'S REPORT TO THÉ MEMBERS OF CENTRE FOR
CRO&S4ORDER STUDIES
p.ort on the audlt of th• flnanclal statgments.
We have audttod the financlal statements of Cth for Cros8-Border Studles Clho Charltabb Company,) forfhe
year ended 31 July 2023 set out on pag•B 12 to 28, whlch (x)nlprf8e tho *atem&)t of financlaj •Gtlvllles (kncluding
IDcome and expendSiure a¢court), the b*nce 8heat,'the 8talém*tt of cash flows and related not88, kncludlng the
' SUMM￿ of $lgnllFant ac¢ountlng I￿11010& #et out In note l.The financSal reportlng frame￿ork that been appllad
In thelr pr8parnllon18 UK Lw and FRS 102 The Flnanthal Reporting PAandard applkable In the UK and Republlc ol
Irelan
In our oplnlon:
the financlal statements glve a tNe and falr vl8w of the 8tate of the Charftable COM￿￿$ affalr8 88 at 31 July
2023 and of tts Ihcomlng re8aurce8 arid application of reBources')ncludlng its Income and expéndlture proflt for
yearthen endad,
tho financlal 8totement6 have baen property prepared In.accordan¢e wlth FRS 102 The Flnan¢lal Reportfng
Patsndard applicable In the UK and Republb of Ireland;grKI
the financlal 8taternnts have been prepared In aecordance wRh the requlrements of the Compahies Act 2008.
We our audft In aacord￿¢8 wlth Intematlonal Standar(ts on Al￿11 Ing (UK) (ISAS {UK)).ond applkable
law: Ow r8skM)n8lbllltlas under those 8tandard8 are fiirther d88crlbed in the Audltorf8 wnshlties for lh• audlt of
the financhl 8lat•inent8 8got1￿ of our rq)ort, We ar• Independent of. the Ch84ltable cOn￿Y In accordanc•
' ￿h1¢•I requlrements that are relevant to our audft of IT￿IcIal stat￿Onts In tha UK, In¢luding the Fknanclal"
Rèportlng Councll (FRC)'s Ethkal Stan(lard, and wa have fuirfbd our other athfcal re8pon8lbllltle8 In accordance
with Ilme requlrameni8.
We bolleve that the audlt we have obta&ryed18 sufficlent and approprfate to provide a basls for our oplnlon.
Conclu3lons r•lattng to golng concem
The Tru8te88 have prepared the th?￿￿la1 Statements on the going concem basls as they do not Mltend to Ifquldate
the Charkablo Company or to cease K8 operatiDn8, and.a8 they hav8 conclu(led that thè Chartt8ble CO￿PanY'S.
fnanclal p081tlon mean8 that th181s reall8tlc. They have also ¢Ohcluded that there are rio matsrial uncortalntles that
I￿Uld Iwe cast slgnfflcant thbt over Its ability to C￿￿tInUe a6 a golng concem for at Jea8t a year from the date of
approval of Ihe flnanclal Stat￿t8 (Ihe golng concem poriod).
In our evaluation of ts TN&tee￿ Conc￿810n$, we consldered the Inhernnt tsk8 to the Chwitable. Compaoy'8
bu8lne88 and analysgd how th086 rlsk8 intghl affect t￿ Charlta)16 Compan18 fina￿la1 resour￿ or ablllty
to contlnu• q)eratlons ovw the golng conc•m perfod.
In audftlng the flnanthl 8tata*ents we hav• 0￿cluded that the Tru8tee'8 use ofthe gwg oonceth ba818 of
accounttw In the preparalon of thé financlal Statements Is approprlate.
Ba8ed on t￿ VK)rk we ha￿ performed, we have not IdentIf￿ any materfal unthirtth8 relaling to ev•nls or
eondltlon8.tht, Indlyklually or￿lleCtIvelY, may ¢a&t 81gnl11￿t doubt on thè Charftab'l8 c￿lipal￿8 abrtty to
contlnue"a8 a g￿ng concem fry a period of at loast £webrn months from Ihe dat• when the financlal 8tatemants are
aulhorhed for188ue,
Our responsbllltles arid tho. r8spon8lbllltl88 of the tru8te8s Wkh respect to golng oon¢em are deswlbed In the
relevant 8ection8 of th18 rei)orL

Centre for Cross - Border Studies
(tompony lknlted by 8uaranlee)
INDEPENDENT AUDrroR'S REPORT TO THÉ MEMBERS OF CENTRE FOR
CROSS-BORDER STUDIES - contlnued
Howev¢r, a8 we cannot predlct al luture events or condltlon8 and as subsequent ovarts may regult In cxrtcome8
Ihat are Incon8ts1ent wlth JuthJement8 th￿ were reasonabb at the thne they wer• made, the ab8ence of r•ferance
to a materlal un￿rtaInty In thls a￿1￿3 report ts not a guarantee that the Charftable Company wlll contlnue In
operatbn.
Dot•ctlng Irregularltle8 Includlng fraud
We idenufied the araa8 of laws and reguknfjon8 that could reaeonably be expected to have a materlal fjffect ¢)n the
finandal 8taternent8 and d8k8 of meierlal m188tatem8nt du8 to fraud, u8lng our und8r8tandlng of the •ntlty'8
Indu8try, regulatory envlronment and other extemal factor8 and Inqulry wlth the Tru8iee8. In addlilon, our rlsk
a88eS8mont procedure8 Sncluded: Inqulrlng with the Trustffis a8 to the Charitabl8 Company'8 poliGl88 and
proGedures regarding conyllance wlth lthvs and regulatkn8 and prevention and dettttlon of fra￿￿. knqulrlng
whether the Tru8tee8 have knowq•dge of ￿ actual or 8U8pected non-compllance wlth law8 or regulallons or
alleged fraud: In8WtINJ tho Charllable Company'8 regulatory and legal corre8pondon¢•; and readlng Board
mlnutes.
We d18CU88•d Identilkd laws aNI regulatson$, fraud rlsk factor8 and the need to r8maln akn among the audft team.
The Charitable Company18 subJ•ct to lthvs and regulatlon$ that directly aftect the finan&al statements Includlng
companS88 and Ilnandal r•ptythg legtslatkn. We a88•ssed the extent of compllance wlth these laws and
regulatlons a8 part of our pro¢edure8 on the related finan￿1 8tat&nent IterrA, Includlng 888e8skn9 the Ilnanclal
statement d18cIo8ure6 and agrgelng them Io 8UPPOrtlng documentatknn when rR¢e$6ary.
Th• Chaiitablo Company Is not subject to other IM and regulatlons whern the crnquences of nonwcompllan
could have a materS8l effect on amounts or di8clo8ure8 In the fingmal statements.
. Audltlng 8tandard8 lknll lh& requlred audlt procedur•s to Identlfy nOn￿COmplIanca wtth these non4lrect law8 and
regulatlon8 to Inqulry of the Trustse8 and In8pectlon of ragulthry and legal corre8pondenca, If any. Th88• limited
procedure8 dld not Identlfy actual or 8U8pected non4ompllance.
We a8$essed events or condlttons that wld indicate an Incentlw or prnssure to commlt fraud or wlde an
opportunity to commli fraud. AS rwulrad by auditin9 Standards, we pwfoimed proceduros to addre$8 the rlsk of
management overrlde of controls. On thi8 audtt we do not belleve there Is a fraud rl8k related to revenue
r•wnlllon. We dld Mt klentlfy any addlllonal fraud rf8k8.
In mpon$o to r￿k of fraud. we al80 pwhm18d procedures Includlng: 1den￿fyIn9 Joumal entrlo8 to test ba8ed on rhk
¢rlt•rk and ¢omparkng the Idendr￿d entrigs to supportlng doc￿lentatIon. evaluallng the busln•s$ purpose of
6lgn1f￿nt unusual lrnn8actlon8', a88068ing 8lgnifi¢ant accounilng estlmates for blas; and as8u$ing the dl8cIo8ures
in the financlal stat￿ents.
Owlng to the Inherenl Ilmllalion8 of an audlt. there18 an unavcldabb r18k that we may not have detected som•
materAal ml88tatements In the financSal Statements, even though we have prop•rty planned and pwhm18d our audlt
In accordanc• wiu) auditing standards. For exampl•, the further removed non4onwliance wlth la￿ and regulallons
(irregulerities) Is from tho ev•nt8 and tran8action8 reflectsd'ln the finandal statements, the1688 likely the Int￿ntlY
Ilmlt•d pr￿$dureS requlred by audlting stsndard$ would klentlfy It.
In addttlon. a8 with any audlt, there rem8ln8 a hlgher rf8k of non-delectlon of Irregu*rldes, as the88 may Imffjlva
co1kn81on, forgery, Intentional om1885on8, nknpre8entation8, (Y the overrlde of Internal controls. We are not
re8ponsSble for preventlng non•compllance and cannot bo expothd to detect non-conwlance wfth all law8 and
regu￿￿on$.
Othorlnfomwdon
The tru8te8s are r•8pon$ible for the other infomiafjon pr88ented In Iho Annual Report together wlth the financlal
statements. The other Infomiation comprkns Ihe inf¢Nmatbn Included In the tru8tee8' wort. The finan¢ial
statements and our audl(*s report thereon do not comprhe pwt of the other Infom)atlon. Our oplnlon on Ihe
fina￿la1 Statal￿nts d088 not cover the other Inf￿MatIon and, ac¢ordlngly, we do nol express an audtt q)Inlon or,
Isxcept a8 expllcluy Slated bel￿￿, any fomi of as8Uran￿ ¢onclu81on there(x).

Centre for Cross - Border Studies
(¢ompAny Ilmlted by guarantee)
10
INDEPENDENT AUDITOR'S REPORT TOTHE MEMBERS OF CENTRE FOR
CROSS-BORDER STUDIES - contlnued
Our respC￿S1bI11ty18 to read the other rfomRtion ￿d, in doing 80, Gonsidor whether, based on our financial
8tatenxnts audl wort(, the InfomRtbn Ihweln Is rnaterlally mhsiated or In¢onsl8tont wlth the ffnan¢lal Statemonls
or ¢)ur audlt knowledw Based 801ely on that Work ￿ have not identified material mi8¥tatem¢nts in the ther
Inf0m￿lOn.
Bas•d 8ololy on our work on the (ther Infomi*ion undert*en during the course of the audit:
. we have not klentlfied matarlal mlsstatmnts In the trustses, r•port;
. In our oplnion, the Inf(mnallon glven In the Iru8tees' report Is o)n618tent wllh the fina￿01 8tataments; and
• in our oplnion, the tru8tees' report ha8 been prepared in a¢¢ordan¢e with the C(xnpani•8 Acl 20tI3,
IAatt•rs on whlch ￿ arn rnqulrnd to report by excepllon
Under the Companle8 Act 2006 we arn requlred to rewt to If, In our opkllon:
adequate o￿ntIng record8 have not been kept. or return8 adequth for our audli ha￿ nol been recelved
frc*n branche8 not vl8lled by u8, or
the financlal Staternents are not In agreement with tho accountlng records and retums; or
rtakn d18cIo8ure8 of tru81ee8' r￿UneratiOn 8pedfied by law are not made; or
we have not receSved all th6 Infomiatlon and 8xplanatloni we requlre for our audlt; or
the tru8tee8 were not errtltl8d to tako 8dvanlag8 of the small companies exemptlon from the requirnment to
prewe a 8trategk rewt
We have nothlng to report In these r88pects.
Re8p8ctlv8 respon8lbllltlo8 and re5tr1ctlong on ug6
R￿ponSIbIlI￿•S of trustees for tho ffnanclal stateM￿tr
As explaln•d fully In the tfU8lee8' re8ponsU)Illtl88 Statement 8et out on page 7, the trustee8 we re8pon81ble
for: the preparation of the financlal statements Includlng belng 88tl8fied that they glve a true and falr vlew, such
Intemal control as they determlne Is necessary to enable the preparatlon of financlal Statements thal are free frc*n
matsrial ml68tatThn( ￿ether due to fr&KI or error, 888e88kn9 the Chwttable Compan￿8 abilliy to conllnue as a
golng con¢xm, dlsdosing, a8 applkabb, matter8 related io golng concem; and using Ihe going concem baso of
aCc￿ntIng unle88 they elther Intend to Ilquld* the CharRable Company or to cperatlons, or have no
rèallstlc aliematfve but to do 80.
Audltorfs respO￿l)llItIeS for th• audt of th• ftnanelal 8tatements
Our cyecoves are to obt8in r•a80nabl8 a88ur8nce about whett*r the fIna￿la1 statements as a whole are free fr
matsrial misstat8m8n( wh•th•r due to fraud, other IrregularS1ie8 or errcK, and to i88ue an opinlon In an audltorfs
report. Reas￿ble 88surance18 a hlgh kvel of as8uranc8 but18 not a guarantee th8t an audtt (x)nducted In
accordance wlh ISA8 (UK) wlll always detect a materlal ml88latemenl when li ex16ts. MIs8tatement8 can arbe fr
fraud, other Irrogularities or error and arn con8klered material I, Indivklually or In Ihe aggregate. they could
a80nably be expected to Infiuence the econom1¢ de¢i$ioro of Lts•r3 takw on Iho basls of thase finan¢lal
A fuller doscrfptton of our responsl)lttle6 b provldod on tho FRC'S web8fte at
www frc.or
auditorsfe

Centre for Cross - Border Studies
(eonwany Ilmlted by 8uarAntse)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CENTRE FOR
CROSS-BORDER STUDIES - contlnued
The purp060 01 ouraudlt workand to whom w• ow• our rn8ponslblllt108
Our report 18 made solety to the Charftable CompanV6 members. as a body, In accorda￿￿ wlth Chapter 3 Part 16
of the Companles Act 2008. Our audlt work ha8 been undertaken P•0 thal we mlghl slate lo the Charilable
Companrf8 members those matt8r8 we are requlred to state to them In an audltorf8 report and for no other
purp08e. To Ihe fulle8t extent perrrmtted by law. we do not accept or a88ume r88ponsibility to anyone other than Ihe
Charftable Company and Ihe Charftable ConN)anYs rI￿er8. as a body, lor our audlt work, lor ihis report or for
the oplnk)n8 we have fomied.
Slgnatur•:
John Pool• {SenloY sta￿tOrY Audllor)
for and on behall ol
KPMG Statutory Audllor
The $01018t Bulldlng
l Lanyon Plac•
Bowa
BT13LP
29 Aprll 2024

Centre for Cross- Border Studies
(company lknlt¢d by guarantee)
12
Statement of fmancial activities (ineluding income & expenditure account) for the year
ended 31 July 2023
Unrestricted Restricted
Funds
Totsl
Funds
2023
Total
Funds
2022
Nots
Income:
Other tradll)g activities
Income from ¢hexitsbl¢ activities
338,595
338A95
291273
630068
349.989
243.897
593,886
292273
292273
Totsl Income
338,595
Expendlthre:
Charitable a¢tAviti¢s
Exp*nditure on raising funds
Total expendlture
Net Income for the year
Reeoneiliation of funds
(296264)
(7500)
(303,764)
(11,491)
(317,842)
(614,106)
(7￿￿)
(621ffj06)
9262
(511,877)
(7,500)
(519,377)
74509
(317,842)
20,753
Totsl funds brought forward at l AMgll8t
Net Income for the year
Transfer between hn(L8
16
521,080
(11,491)
417,814
20,753
938094
9262
864J85
74509
Totsl funds earrled forward at 31 Juty
16
509,589
438,567
948,156
938,894
All amounts above relats to wntinuing operations of the charitsble Company.
The statem￿lt of fmancial activities includes all gains and losse8 recognised in the year.
Notss on pages 15 to 28 forn) part of these financial statements.