The Cross Community Company Statement of Financial Activities for the Year Ended 30 April 2023 30.4.23 Total funds 30.4.22 Total funds Unrestricted Restricted fund fLU]ds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 1,807 34,000 35,807 44,700 Other income 640 640 Total 1,807 34,640 36,447 44,700 EXPENDITURE ON Charitable activities Orphanage - India International Mission to Jews 108 200 25,075 25,183 200 37,000 Other 1,222 640 1,862 2,360 Total 1,530 25,715 27,245 39,360 NET INCOME 277 8,925 9,202 5,340 RECONCILIATION OF FUNDS Total funds brought forward 24,058 2,565 26,623 21,283 TOTAL FUNDS CARRIED FORWARD 24,335 11,490 35,825 26,623 The notes fonn part of these financial statements Page 5
The Cross Community Company Balance Sheet 30 April 2023 30.4.23 Total nds 30.4.22 Total funds Unrestricted Restricted fund fLU]ds Notes FIXED ASSETS Tangible assets 26,585 26,585 26,585 CURRENT ASSETS Debtors Cash at bank 1,630 9,860 1,630 10,500 1,922 643 640 640 11,490 12,130 2,565 CREDITORS Amounts falling due within one year (2,890) (2,890) (2,527) NET CURRENT ASSETS (2,250) 11,490 9,240 38 TOTAL ASSETS LESS CURRENT LIABILITIES 24,335 11,490 35,825 26,623 NET ASSETS 24,335 11,490 35,825 26,623 FUNDS Unrestricted funds Restricted funds 24,335 I 1,490 24.058 2,565 TOTAL FUNDS 35,825 26,623 The charitable company is entitled to exemption from audit under S¢¢tion 477 of the Companies Act 2006 for the year ended 30 April 2023. The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) ¢nsuring that the charitable company keeps accounting records that comply with Scctions 386 and 387 of the Companics Act 2006 and (b) preparing financial statements which give a true and fair view of the state of affairs of the charltable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companics Act 2006 relating to financial statements, so far as applicable to the charitable company. The notes forni part of these financial statements Page 6 continued..-
The Cross Community Company Balance Sheet- continued 30 April 2023 These financial statements have been prepared in accordance with the provisions applicable to charitablc companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 30 January 2024 and were signed on its behalf by: Mr Raymond Thomas Kelly - Trustee The notes fom part of these financial statements Page 7
The Cross Community Company Notes to the Financial Statements for the Year Ended 30 April 2023 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charitable Company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective I January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical Cost convention. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing tbe charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be Tneasured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Improvements to property not provided Taxation The charity is exempt from corporation tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within th¢ objects of the charity. Restrictions arise when spccificd by the donor or when funds are raised for particular restricted pUoses. Page 8 continued..
The Cross Community Company Notes to the Financial Statements - continued for the Year Ended 30 April 2023 TRUSTEES, REMUNEIL4TION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 30 April 2023 nor for the year ended 30 April 2022. Trustees, expenses There were no trustees, expenses paid for the year ended 30 April 2023 nor for the year ended 30 April 2022. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted fund funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 7,700 37,000 44,700 EXPENDITURE ON Charitable activities Orphanage - India 37,000 37,000 Other 2,285 75 2,360 Total 2,285 37,075 39,360 NET INCOME/(EXPENDITURE) 5,415 (75) 5,340 RECONCILIATION OF FUNDS Total funds brought fonvard 18,643 2,640 21,283 TOTAL FUNDS CARRJED FORWARD 24,058 2,565 26,623 Page 9 continued...
The Cross Community Company Notes to the Financial Statements - continued for the Year Ended 30 April 2023 TANGIBLE FIXED ASSETS Improvcments to propety Fixtures and fittings Totals COST At l May 2022 and 30 April 2023 26,585 1,540 28,125 DEPRECIATION At l May 2022 and 30 April 2023 1,540 1,540 NET BOOK VALUE At 30 April 2023 26,585 26,585 At 30 April 2022 26,585 26,585 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 30.4.23 30.4.22 Other debtors 1,630 1,922 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 30.4.23 30.4.22 Other creditors Accrued expenses 1,249 1,641 1,541 986 2,890 2,527 MOVEMENT IN FUNDS Net movement in funds At 30.4.23 At 1.5.22 Unrestricted funds General fund 24,058 277 24,335 Restricted funds Restricted Fund 2,565 8,925 11,490 TOTAL FUNDS 26,623 9,202 35.825 Page 10 continued...
The Cross Community Company Notes to the Financial Statements - continued for the Year Ended 30 April 2023 MOVEMENT IN FUNDS - continued Net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 1,807 (1,530) 277 Restricted funds Restricted Fund Arn]agh Banbridge & Craigavon Council 34,000 (25,075) 8,925 640 (640) 34,640 (25,715) 8,925 TOTAL FUNDS 36,447 (27,245) 9,202 Comparatives for movement in funds Net movement in funds At 30.4.22 At 1.5.21 Unrestricted funds G¢neral fund 18,643 5,415 24,058 Restricted funds Restricted Fund 2,640 (75) 2,565 TOTAL FUNDS 21.283 5,340 26,623 Comparative net movement in funds, included in the above are as follows: Incoming resources Resources expcndcd Movement in funds Unrestricted funds General fund 7,700 (2.285) 5,415 Restricted funds Restricted Fund 37,000 (37,075) (75) TOTAL FUNDS 44,700 (39,360) 5,340 Page 11 continued...
The Cross Community Company Notes to the Financial Statements - continued for the Year Ended 30 April 2023 MOVEMENT IN FUIYDS - continued A current year 12 months and prior year 12 months combined position is as follows: Net movement in funds At 30.4.23 At 1.5.21 Unrestricted funds General fund 18,643 5,692 24,335 Restricted funds Restricted Fund 2,640 8,850 11,490 TOTAL FUNDS 21,283 14,542 35,825 A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows". Incoming resources Resources expended Movement in funds Unrestricted funds General fimd 9,507 (3,815) 5,692 Restricted funds Restricted Fund Am]agh Banbridge & Craigavon Council 71,000 (62,150) 8,850 640 (640) 71,640 (62,790) 8,850 TOTAL FUNDS 81,147 (66,605) 14.542 RELATED PARTY DISCLOSURES During the year the charity received donations totalling £34,000 from businesses in which one of the Trustees, Mi Ronald Kelly, was a Dircctor/Partner. Page 12
The Cross Community Company Detailed Statement of Financial Activities for the Year Ended 30 April 2023 30.4.23 30.4.22 INCOME AND ENDOWMENTS Donations and legacies Donations 35,807 44,700 Other income Grant received 640 Total incoming resources 36,447 44,700 EXPENDITURE Charitable activities Grants to institutions 25,200 37,000 Other Printing, stationary & advertising General expenses 473 240 286 286 713 Support costs Management Insurance Light and heat Telephone Repairs & renewals 278 (460) 241 912 482 118 530 971 1,130 Finance Bank charges 133 127 Governance costs Accountancy and legal fees 655 390 Total resourccs expended 27,245 39,360 Net income 9,202 5,340 This page does not fonn part of the statutory financial statements Page 13