threefoldcord
(A company limited by guarantee)
Statement of Financial Aetivities
for the Year Ended 30 June 2023
incor
oratin
the Income and Ex
enditure Account
30.6.23
30.6,22
Unrestricted
fund
Restricted Total fi￿aS Totsl funds
funds
Notes
Income and endowments from:
Donations and legacies
21.098
Total ineome And endowments
21.098
21,098
13,460
Expenditure on:
Charitable activities
15 174)
Total expendilure
(15,174)
(15,174)
(14.702)
Net Incomel(ExpendAture) for the year
5,924
5,924
(1,242)
TrAnsftr8 between fvnds
Net movement in funds
5,924
5,924
(1,242)
Reconciliation of Funds:
TotAI funds brought forward
2,300
2,300
3.542
Totsl funds carried forw8rd
The above amounts relate to continuing operations of the cornpany.
The statement of financial activities includes all 8ains and losses recognised in the year.
The notes forn] part of these financial statements
Pagc 6

threefoldcord
(A company limited by guarantee)
Balance Sheet
At 30 June 2023
30.6.23
30.6.22
Not¢s
Fixed Assets:
Tangible assets
11
1,027
Current Assets:
Debtors
Cash at bank and in hand
12
8,328
4.053
11.634
7,550
Creditors:
Amounts falling due within one year
13
(4,437)
(5,250)
Net Current Assetsl(Liabilitie8)
Net Assetsl(Liabilities)
8,224
2,300
Total Net As8etsl(Liabilitie$)
The funds of the eharity:
Unrcstricted funds
Restricted fjjnds
14
8,224
2,300
Total charity funds
The Balance Sheet continues on the following page.
The notes forni part of these financial statements
Page 7
continued...

threefoRdcord
(A company limited by guarantee)
Balance Sheet - continued
At 30 June 2023
Trustees statsments for the yeAr ended 30 June 2023
For the financial year in question the company was entitled to exemptton under section 477 of the Companies
A¢1 2Q06 r¢laiing to 6mall Gompanios.
o memDers nave required the company to obtain an audit of its accoLints for the year in question in accordance
with section 476 of the Companies Act 2006.
The directors acknowledge their respoiisibility for complyllig with the requirements of the Act with resp¢ct to
accountllig records ￿]d for the preparatioii of accounts.
These accounts have been prepared in ￿COrdanCe with the provisions applicable to companies subject to the
small coinpanies, regime.
The financial ststements were &pproved by the Board of Trustees on 9 August 2023 and were sigiied on its
behalf by:
Harry F
Director
son
Company Registrati4)h Number: N1065442 (Northern Ireland)
The notes fomi part of these fiiiancial statements
Page 8

threefoldcord
(A company limited by guarantee)
Notes to the Financial Statements
for the Year Ended 30 June 2023
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The significant principal accounting polici¢s adopt¢(L judg¢m¢nts and key sourc¢s of cstimation
uncertainty in the prepatation of the financial statements are set out below. These policies have been
consistently applied to all periods presented unless otherwise stated.
1.1 Basis of preparation of financial statements
The charitable company constitutes a public benefit entity as defined by FRS 102 and its operations and
principal activities are as disclosed in the Report of the Trustees.
The financial statements have been prepared in accordance with Charities SORP (FRS102) "Accowitillg
and Reporting by ChaTities. Stat¢ment of Recommended Practice applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the United Kingdom and
Republic of Ireland (FRS 102)" (effective l January 2019), th¢ Financial Reporting Standard applicable
in the United Kingdom and Republic of Ireland (FRS 102), applicable charity law. the Companies Act
2006 and United Kingdom Generally Accepted Practic¢.
The financial statements are prepared in sterling, which is the functional currency of the charitable
cornpany. Monetary amounts in these financial statements are rounded to the nvdrest £.
Assets and liabilities are initially reLognised at historic￿ cost or transaction value unless otherwise stated
in the relevant accounting policy note(s).
1.2 Preparation of the accounts on a going Concern basis
The financial statements have been prepared on a going concern basis as the Trustees are of the view
that th¢ imjncdiate futur¢ of the charitable company for th¢ next 12 months is secure and that on this
basis the assessment of the Trustees is that the charitable company is a going concern.
1.3 Fund accounting
Unrestricted funds are available for use at the discretion of the Trustees in fvrtherance of the purposes
of the charitabl¢ company. Restricted funds are donations which the donor has specified are to be solely
used for particular areas of the charitable company's work or for specific projects being undertaken by
the charitable company, OT fl￿dS which have been raised for particular purposes. The costs of raising
and administering such funds are charged against the specific fund.
1.4 Income recognition policies
Items of income are recognised and included in the accounts when the company is legally entitled to the
income. any perfonnance conditions attached to the item of income have been met or are ￿llY within
the control of the company. the amount can be measured reliably and receipt is Considered probable.
Income is deferred only when the charity has to fulfil conditions which are not fully within the control
of th¢ charity before being entitled to it or where the donor/funder has specified that the income is to be
¢xpended in a future period.
Income t&x recoverable in relation to donations received under Gift Aid or deeds of covenant is
recogniged at the time of the donation.
Pag¢ 9

threefoldcord
(A company limitsd by guarantee)
Notes to the Financial Statements
for the Year Ended 30 June 2023
1.5 Expellditure recognition policies and irrecoverable VAT
Expenditure is recognised on an accruals basis once there is a legal or constructive obligation to make a
payment to a third paty, it is probable that settlement will be required and the amount of the obligation
can b¢ m¢asur¢d reliably. Expenditure is classified under the following activity h¢adings'.
Ch￿itable activities include the costs of events undertaken to fiffther the pury)oses of the company and
their associated support costs, including governance costs.
Support costs are those costs incurred in support of direct expenditure on the objects of the company and
include project management carried out at Headquarters. Governance costs are those incurred in
connection with administration of the company and complianc¢ with constitutionaj and ststutory
requireinents.
The analysis of these costs is included in notes 5 and 6.
Itrecoverable VAT is charged as a cost against the activity for which the expendiNre was incurred.
1.6 Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less accumulated depreciation and impairment losses.
Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated
residual value, over their expected useful lives on the following basis..
Computer Equipment
250/0 Straight line
The carrying value of the tangible fixed assets is reviewed annually for impaimient in period to
detennine if events or changes in circumstances indicate the carryin8 value may not be recoverable.
1.7 Debtors
Debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are
valued at the amount prepaid afler taking account of any trade discounts due. Any losses arising from
impairnlent are recognised in expendithre.
1.8 Cgsh at bank and in hand
Cash at bank and in hand includes cash and short terni highly liquid investments with a short
maturity date of three montlis or l¢ss from the date of acquisition or opening of the dq)osit or similar
account.
1.9 Impairnient
Assets not measured at fair value are revicwed for any indication that the asset may be impaired at
each balance sheet date. If such inth'cation exists, the recoverable amount of the asset, or the asset's
cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount
exceeds itg recoverable amounL an impainnent loss is recognised in profit or loss unless the asset is
carried at a revalued ajnount where the impairniont loss As a r¢vaiuation dwr¢as¢.
Page 10

threefoldcord
(A company limited by guarantee)
Notss to the Financial Statements
for the Year Ended 30 June 2023
1.10 Creditors and provisions
CT¢ditors and provisions are recognised where the charity has a present obligation resulting from a
past event tliat will probably result in the transfer of fimds to a thii"d p￿ty and the wnount due to
settle the obligation wi be measured or estimated reliably. Creditors and provisions are nornially
recognised at their settlement amount after allowing for any trade discounts due.
When the effect of the tiine value of money is material, the amount of a provision shall be the present
valuc of the amount expected to be required to settle the obligation.
l.jl I'inancial instrnments
The coinpany only has financial assets and financial liabilities of a kind that qualify as basic fmancial
instThments. Basic financial instrurnents are initially recognised at transaction value and
subsequently measured at their settlement value with the excq)tion of bank loans which are
subsequently me&8ured at the carrying value plu8 acerued interest le8.8 repayments.
1.12 Critical Aeeounting judgements and estimation uncertainty
Estirnates and judgements are continuajly evaluated and are based on historical experience and other
factors, including expectations of future events that are beli¢v¢d to be reasonabl¢ under the
circumstances. Th¢re are no critical judgements in applying the company's accounting policies. There
are no critical accountiiig estiinates and assuinptions.
LEGAL STATUS
The charity is a company lirnited by guarantee, incorporated in the United Kingdom and registered in
Northern IrelAnd, and accordingly does not have share capital. In the event of the charity being wound
up, th¢ liability in respect of the guarantee is limit¢d to £10 per member of the charity.
The charity's registered office address is given on page l of the Report of the Trustees.
INCOME FROM DONATIONS & LEGACIES
30.6.23
Total
30.6.22
Total
Donations from individuals
21,098
Of the above, £nil relates to restri¢t¢d funds (2022: £nil).
NON-EXCHANGE TRANSACTIONS
The charity has benefitted from the contribution ofunpaid general volunteers. Their contribution is not
accowited for due to the lack of a reliable basis of measur•nent.
Pagc 11

threefoldcord
(A company limited by guarantee)
Notes to the Financial Statements
for the Year Ended 30 June 2023
EXPENDITURE ON CHARITABLE ACTIVITIES
Activities
uttdeytsken
directly
Support
costs
Year ended 30 June 2023
Totsl costs
Unrestricted funds
Grants to individuals
Motor & travel
Ti'aining
Telephon¢ & internet
Depreciation
Bank fees
Governance costs (note 6)
2,400
10,145
2,400
10,145
1,246
398
343
142
500
1,246
398
343
142
500
2,629
Restricted funds
TOTAL LxPE1￿ITuRE
12,545
2,629
Activities
undertaken
directly
Support
costs Total costs
Year ended 30 June 2022
Unrestricted funds
Grants to individuals
Motor & travel
Training
Telephone & internet
Printing, postage & stationery
Marketing
Professional fees
Bank fees
Governance costs (note 6)
3,100
9,695
3,100
9,695
299
368
299
368
72
72
520
144
500
520
144
500
13,319
1,383
Restricted fimds
TOTAL EXPEfiDITURE
13,319
1,383
14,702
Page 12

threefoldcord
(A company limitsd by guarantee)
Notes to the Financial Statements - conlinued
for the Year Ended 30 June 2023
GOVERNANCE COSTS
30.06.23
30.06.22
T&x return fee
500
500
500
500
NET IIYCOMEI(EXPENDITURE) FOR THE YEAR
This is Stated after ChargIn￿(crediting).
30.06.23
30.06.22
Cost of independent examination
500
500
ANALYSIS OF STAFF COSTS AND DIRECTORS, REMUNERATION AND EXPENSES
No salaries or wages have been paid to employees, including the truste¢s, during the year.
The average monthly number of employees during the year was as follows:
30.06.23
30.06.22
There were no trustees, benefits or expenses paid for the ye8r ended 30 June 2023 nor for the year ended
30 June 2022.
RELATED PARTY TRANSACTIONS
During the year, the total amount of donations received from trustees, without conditions and on which
gift aid will be claiined was £5,500 (2022: £3,600).
The CEO, Brendan Mccauley, father of truste£ Mary Mccauley was in receipt of expens¢s payments
for mil¢ag¢ £3,150 (2022: £3,150), telephone and internet £399 (2022: £368). travel £2,543 (2022:
£2,867) and travel-related subsist¢n¢e £2,717 (2022.. £2,577).
There was an outstandillg balance due to Brendan Mccauley at 30 June 2023 of £3.937 (2022: £4,750).
10. CORPORATION TAX
The company is exempt from tsx on income and gains to the extent that these are applied to its
haritable objects.
Page 13

threefoldcord
(A company limited by guarantee)
Notes to the Financial Statements - continued
for the Year Ended 30 June 2023
11. TANGIBLE FIXED ASSETS
Computer
Equipment
Totsls
COST
At l July 2022
Additions
Disposals
1,370
1,370
At 30 June 2023
DEPRECIATION
At l July 2022
Charge for year
Eliminated on disposats
343
343
At 30 June 2023
343
343
NET BOOK VALUE
At 30 June 2023
At 30 June 2022
12. DEBTORS
30.06.23
30.06.22
Other d¢btors
13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.06.23
30.06.22
Accruals and deferred income
Other creditors
500
3,937
500
4,437
Page 14

threefoldcord
(A company limited by guarantee)
Notes to the Financial Statements - continued
for the Year Ended 30 June 2023
14. FUNDS OF THE CIIARITY
Net
movement
in fund8
Transfers
belween
funds At 30.0&23
Year ended 30 June 2023
At 01.07.22
Unrestricted funds
Gcneral fund
Restricted funds
TOTAL FUNDS
2.300
5,924
8,224
Th¢ General fund is th¢ "free reserves" after allowing foi all designated fimds.
Net movement in ￿nd& includ¢d in th¢ above are as follows:
Net
movement
in funds
Income Expendithre
Unrestricted funds
General fund
15 174)
5,924
Restrlcted funds
TOTAL FUNDS
15 174)
Net
movement
in funds
Transfers
between
funds At 30.06.22
Year ended 30 June 2022
At 01.07.21
Unrestricted funds
General fimd
Restrieted funds
TOTAL FUNDS
2,300
The General fimd is the "frec rcserves- after allowing for all designated funds.
Pagc 15

threefoldcord
(A company limited by guarantee)
Notes to the Financial Ststements - continued
for the Year Ended 30 June 2023
14. FUNDS OF THE CHARITY continued
Net movement in funds, included in the above are as follows..
Net
movement
in funds
Income Expendfiture
Unrestricted funds
Gcneral fund
13.460
Restricted fund8
TOTAL FUNDS
14 702)
15. ANALYSIS OF TOTAL NET ASSETS BETWEEN FUNDS
30.06.23
Total
funds
Unrestricted
fund
Restrieted
funds
As at 30 June 2023
Fixed assets
Current assets
Current liabilities
1,027
11,634
1,027
11.634
30.0622
Total
funds
Unrestricted Restricted
fund
funds
As at 30 June 2022
Current assets
Current liabilities
7,550
7,550
16. CONTROLLING PARTY
Th¢ board of dtrectors is the ultimate controlling paty.
Page 16