threefoldcord
(A company limlted by guarantee)
Statement of Financial Activities
f r the Year Ended 30 June 2024
inco
oratin
the Income and E%
enditure Account
30.6.24
30.6.23
Restricted Total ￿ndS Total ￿llds
funds
Unrestricted
fund
Notes
Income and endowments from:
Donations and legacies
15,672
15,672
21,098
Total income and endowments
15,672
15,672
21,098
Expenditure on:
Charitable activities
22,536)
Total expenditure
(22,536)
(22,536)
(15,174)
Net Income/(Expenditure) for the year
(6,864)
(6.864)
5.924
Transfers between funds
Net movement in funds
(6.864)
(6,864)
5.924
ReconciRiYation of Funds:
Total funds brought fonvard
8.224
8,224
2,300
Total funds carried forward
1,360
1,360
8,224
The above amounts relate to continuing operations of the company.
The statemeiit of f￿anCIal activities includes all gains and losses iecognised in the year.
The notes fonn part of these fInancial statements
Page 6

threefoldcord
(A company limited by guarantee)
Balance Sheet
At 30.June 2024
30.6.24
30.6.23
Noteg
Fixed Assets:
Tangible a8set8
685
1,027
Current Assets:
Debtots
Casli at baitt and in hand
12
3.093
886
8,328
3,306
3,979
11,634
Creditors:
Amounts falling due within one year
13
(3.304)
(4.437)
Net Current Assets/(Liabilities)
675
7,197
Net Assetsl(Liabilities)
1,360
8.224
Total Net Assetsl(Liabilities)
1,360
8.224
The funds of the chgrity:
UnretTrtrict¢d funds
Restricted fuiids
14
1,360
8,224
Total charity funds
1,360
8,224
The Balance Sheet continEiCS on the following page.
The notes forni part of these financial statements
Pag¢ 7
ontinued...

threefoldcord
(A Company limited by guarantee)
Balance Sheet- eontinued
At 30 June 2024
Trustees statements for the year ended 30 June 2024
For the financial year in question the company was entitled to exemption under section 477 of the Companies
Act 2006 relatiiig to small companies.
No mcmbers have required the company to obtain an audit of its accoiints for the year in question in accordance
with section 476 of the Companies Act 2006.
The directors acknowledge their responsibility for complying with the requireineiits of the Act with respect to
accounting records and for tlie preparation of accouiits.
These accouiits have been prepar¢d in accordance with tl)e provisions applicable to companies subject to the
small coinpanies, regime.
The financial statements were approv¢d by tlie Board of Trustees on 6 March 2025 and were signed on its
behalf by:
Harry Fe
Director
gLIS
Coinpaiiy Registration Nuinber: N1065442 (Northeni Ireland)
The notes fonn part of these financial stakments
Page 8

threefoldcord
(A company limited by guarantee)
Notes to the Financial Statements
for the Year Ended 30 .June 2024
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The significant principal accounting policies adopted. judgements and key sources of estimation
Ullcertainty in the preparatioii of the fiiiancial statenients are set out below. These policies have been
consistently applied to all periods presented unless otherwisc stated.
1.1 Basis of preparAtion of financial statements
Thc 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 bttn prepared in accordance with Charities SORP (FRS102) "Accounting
and Reportiiig by Cliarities.. 'Stateiiieiit of Recoinnieijded Practice applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicabl¢ in the United Kingdom and
Republic of tr¢land (FRS 102)" (¢ff¢ctive l January 2019), the Financial Reporting Standard applicable
in the United Kingdom and Repiiblic of Ireland (FRS 102), applicable charity law, the Companie8 Act
2006 and United Kingdom Generally Accepted Practice.
The f￿anCIal statements are prepared in sterling. which is the functional currency of the charitable
company. Monetary amounts, in these financial statements ar¢ round¢d io the nearest £.
Assets and liabilities are initially recognised at historical cost or transaction value unless othenvise stated
in the relevant accounting policy note(s).
1.2 Preparation of the accounts on a going concern basis
The tinancial staterncnts have been prepared on a going concern basis as the Trustees are ot- the view
that the immediate future of the charitable company for the next 12 months is secure and that on this
basAS the assessment of the Trustces is that tli¢ cliaritable coinpany is a going concern.
1.3 Fund accounting
Unrestricted fvndq are available fnr u,se at the discretinn of the Truqteeq in furtherance of the purposes
of the eharitablc company. Rcstricted ￿ndS are donations which the donor has specifled are to be solely
used for particular areas of the charitable company's work or for specific projects beKng undertaken by
the charitable company, or funds which have been raised for particular purposes. The costs of ralsing
and administering .such funds are charged against the specific fund.
1.4 Income recognition policies
Items of income are recogni8ed and included in the accounL8 when the company is legally entitled to the
llicome, any perfomiance conditions attached to the item of income have been met or are fully withTn
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 whicli are not fully within th¢ Control
of th¢ charity b¢for¢ being entitled to it or where the donor/funder has specifi¢d that the income is to be
expended in a fuiure period.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is
recognised at the time of the donation.
Page 9

threefoldcord
(A company limited by guarantee)
Notes to the Financial Statements
for the Year Ended 30 .Tune 2024
1.5 Expenditure recognition policies and irreeoverable VAT
Expenditui"e is recognised on an accruals basis oncu there is a legal or constructive obligation to make a
payment to a third party, it Is probable that settlement will be required and the amount of the obligation
can be measured reliably. Expenditure is classified under the following activity headings:
Charitable activities include the costs of events undertaken to further the purposes of the company and
their associated support costs, including governance costs.
Support Costs are those costs incurred in support of d2rcct expenditure on the obj¢cts of the Company and
include project management carried out at H¢adquarter8. Cyovernance coqts are thos¢ in¢u￿¢d in
connection with administration of the company and compliance with constitutional and statutory
requirements.
The analysis of these costs is incliided in notes S and 6.
Irrecoverable VAT is charged as a Lost dgainst the aLtivity for whiLh the expenditur¢ wab inLurred.
1.6 T Angible fixed assets and depreciation
Tangible fixed assets are stated at cost less accumulated depreciatioii and iinpairineiit losses,
Depreciation is prov&d¢d at rat¢s calculated to write off tlie cost of fixed assets, less their estimated
residual value, over their expected useful lives on the following ba818:
Computer Equipment
250/0 Straight line
The carrying value of the taiigible fixed assets is revicw¢d aiiiiually for iinpairment in period to
deterniine if events or changes in circumstanc¢s indicate the carrying value inay not be recoverable.
1.7 Debtors
Debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are
valued at the amoiint prepaid after taking account of any trade discounts due. Any loss¢s arisiiig from
impairnient aiE recognised iii expeiiditure.
1.8 Cash at bank and In hand
Cash at bank and in hand includes cash and short tenn highly liquid investmcnts with a short
maturity date of three months or less from the date of acquisition or opening of the deposit or similar
account.
1.9 Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at
each balance sheet date. If such indication exists, the recoverablc amount of the asset, or the asset's
cash generating UlllL is estimated aiid compared to the carrying amount. Wliere th¢ carrying amount
exceeds it8 recoverable amount, an impairment Loss is recognised in profit or loss unless th¢ asset is
arried at a revalued amount where the impainnent loss is a revaluation decrease.
P2ge 10

threefoldcord
(A company limited by guarantee)
Notes to the Financial Statements
for the Year Ended 30 June 2024
1.10 Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligatioii resulting froni a
past event that will probably result in the transfer of funds to a thÈrd party and the amount du¢ to
Settle the obligation can be measured or e.stiinatcd reliably. credito￿ and provisions are nomially
recogniscd at their settlement amount after allowing for any trade discounts due.
When the effect of the time value of money is material, the amount of a provision shall be the present
value of the amount expected to be rcquÉred to settle the obligation.
1.11 Financial instruments
The coinpany only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financtal instruments are initially recognised at transaction value and
subsequently me&8ured at their.settlement value with the exception of bank loan8 which are
subsequently measured at the carrying value plus accrued interest less repayments.
.1.12 Critical accounting judgement$ and estimation un¢ertYdinty
E5timat¢s and judbyements ar¢ continually evaluated and are based on historical experience and other
factors, including expectations of fli￿re evcnts that are believed to b¢ reasonabl¢ under the
circuimstances. Tliere al'e no criticaljudgejnents in applyLLig the company's accounting policies. There
are no critical accounting estimatcs and assumptions.
LEGAL STATUS
The charity is a eompaiiy liiiiited by guarantee. inCo￿orated in the Uiiited Kingdom and registered in
Northern Ireland, and accordingly does not have share capital. In the event of the charity beiiig wound
up, the liability in re.8pect of the guarantee is limited to £1 O per member of the charity-
The charity's registered office address is giv¢n on page l of the Report of the Trustees.
INCOME FROM DONATIONS & LECACIES
30.6.24
Total
30.6.23
Total
Donation8 from individuals
15,672
21,098
Of the above. £nil relates to restricted funds (2023: £nil).
NON-EXCHANGE TRANSACTIONS
The charity has benefitted from the contiibution of unpaid general volunteers. Tlieir contribution is not
accounted for due to the lack of a reliable basis of measurement.
Pagell

threefoldcord
(A company limited by guarantee)
Notes to the Financial Statements
for the Year Ended 30 June 2024
EXPENDITURE ON CHARITABLE ACTIVITIES
ActlVAties
undertaken
directly
Support
costs
Year ended 30 June 2024
Total cost%
Unrestricted funds
Grants to individuals
Motor & ts'av¢l
Printing of books
Training
Software
Website
Telephone & internet
Deprcciation
Bank fees
Governance cosLs (note 6)
7,000
8.951
4,612
7,000
8.951
4,612
60
459
14
460
342
138
500
60
459
14
460
342
138
500
20,563
1,973
22,536
Restricted funds
TOTAL EXPENDITURE
20,563
22.536
Activities
undertaken
directly
Support
costs Total costs
Year ended 30 June 2023
Unrestricted funds
Grants to individuals
Motor & travel
Training
Telephone & 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
12,545
15,174
Restricted funds
TOTAL EXPENDITURE
12,545
2,629
15,174
Pa£¢ 12

threefoldcord
(A company limited by guarantee)
Notes to the Financial Statements - continued
for the Year Ended 30 June 2024
GOVERNAIYCE COSTS
30.06.24
30.06.23
Independent examination fee
500
500
500
500
NET INCOME/(EXPENDITURE) FOR THE YEAR
This is stated after chargingl(crediting):
30.06.24
30.06.23
Cost of independent ¢xamination
500
500
ANALYSIS OF STAFF COSTS AND DIRECTORS, REMUNERATION AND EXPENSES
No salaries or wages have been paid to eniployees, including the trustees, duriiig the year.
The average monthly number of employee8 during the year was a,8 follow8:
30.06.24
30.06.23
There were no trusteesl benefits or expenses paid for the year ended 30 June 2024 nor for the year ended
30 June 2023.
RELATED PARTY TRANSACTIONS
Duriiig tlie year, tlie total aniouiit of doiiatioiis received froin trLiStees, witl)out Conditions and on which
gift aid will be Claimed was £4,600 (2023: £5,500).
The CEO, Brendan McCauRey, father of trnstee Mary Mccauley, was in r¢c¢ipt of expenses payments
for mileage £3,150 (2023: £3,150), printing of books £1,072 (2023: £nil), telephone and internet £460
(2023: £399), travel £2.477 (2023: £2,543) and trdvel-related subsistence £2,256 (2023: £2,717).
Ther¢ was an outstanding balance due to Br¢ndan McCaul¢y at 30 June 2024 of £2,804 (2023: £3,937).
10. CORPORATION TAX
The company is exempt from tax on income and gains to the extent that these are applied to its
charitable objects.
Page 13

threefoldcord
(A company liniited by guarantee)
Notes to the Financkal Statements - continued
for the Year Ended 30 June 2024
11. TANGIBLE FIXED ASSETS
Computer
Eqiiipment
Totals
COST
At l July 2023
Additions
Disposals
1,370
1,370
At 30 June 2024
1.370
1.370
DEPRECIATION
At l July 2023
Chai'ge for y¢ai"
Eliminated on disposals
343
342
343
342
At 30 June 2024
685
685
NET BOOK VALUE
At 30 June 2024
685
685
At 30 June 2023
1,027
,027
12. DEBTORS
30.06.24
30,06.23
Other debtor8
3,093
8.328
13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.06.24
30.06.23
Accruals and deferred income
Other creditors
500
2,804
500
3,937
3,304
4,437
Pag¢ 14

threefoldcord
(A company limited by guarantee)
Notes to the Financial Statements - continued
for the Year Ended 30 June 2024
14. FUNDS OF THE CHARITY
Net
movement
in funds
Transfers
between
funds At 30.06.24
Year ended 30 June 2024
At 01.07.23
Unrestricted fund$
General fvnd
8,224
6,864)
1,360
Restricted funds
TOTAL FUNDS
8,224
6.864)
1,360
Th¢ General fund is the "free reserves" after allowing for all designated funds.
Net movement in fvnds, included in the above are as follows:
Net
movement
in funds
Income Expenditure
Unrestricted funds
General fund
15,672
Restrlcted funds
TOTAL FUNDS
15,672
22,536)
6,864
Net
movement
in funds
Transfers
between
funds At 30.06.23
Year ended 30 June 2023
At 01.07.22
Unrestricted funds
General fund
2,300
5,924
8.224
Restricted funds
TOTAL FUNDS
2,300
5,924
8.224
The General fund is the 'free reserves" after allowing for all designated funds.
Pag¢ 15

threefoldcord
(A company limited by guarantee)
Notes to the Financial Statements - continued
for the Year Ended 30 June 2024
14. FUNDS OF THE CHARITY continued
Net inovement in funds, included in the above are as follows:
Net
movement
in fund$
Income Expenditure
Unrestricted funds
General fund
21,098
15,174)
5.924
Restricted funds
TOTAL FUNDS
21,098
15,174)
5,924
15. ANALYSIS OF TOTAL NET ASSETS BETWEEN FUNDS
30.06.24
Total
funds
Unrestricted
fund
Restricted
funds
As at 30 June 2024
Fix¢d assets
Current assets
Currcnt liabilitics
685
3,979
3,304)
685
3,979
1,360
1,360
30.06.23
Total
funds
Unrestricted Restricted
fund
funds
As fit 30 June 2023
Fixed 2.%%ets
Cui'r¢nt assets
Current liabilities
1,027
11,634
4,437
1,027
11,634
4,437)
8,224
8,224
16. CONTROLLING PARTY
The board of directors is the Ultin￿te controlliiig paty.
Page 16