The Cross Community Company
Statement of Financial Activities for the Year Ended 30 April 2024
| Unrestricted INCOME AND ENDOWME'ITS FROM fund Notes £ Donations and legacies 1,350 Other income Total 1,350 EXPENDITURE ON Charitable activities Orphanage - India 100 International Mission Other 3,069 Total 3,169 NET INCOME (1,819) RECONCILIATION OF FUNDS Total funds brought forward 24,335 TOTAL FUNDS CARRIED FORWARD 22,516 |
Restricted 30.4.24 Total 30.4.23 Total funds £ funds £ funds £ 69,750 71,100 36,447 |
Restricted 30.4.24 Total 30.4.23 Total funds £ funds £ funds £ 69,750 71,100 36,447 |
|---|---|---|
| 69,750 71,100 |
36,447 | |
| 76,000 76,100 200 3,269 |
25,383 1,862 |
|
| 76,200 79,369 (6,450) (8,269) 11,490 35,825 |
27,245 9,202 21,283 |
|
| 5,040 27,556 |
26,623 |
The notes fonn part of these financial statements
Page 5
The Cross Community Company (Registered number: Nl637875)
Balance Sheet 30 April 2024
| FIXED ASSETS Notes Tangible assets 4 CURRENT ASSETS Debtors 5 Cash at bank CREDITORS Amounts falling due within one year 6 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS Unrestricted funds 7 Restricted funds TOTAL FUNDS |
Unrestricted Restricted fund £ funds £ 26,585 3,434 40 1,606 40 5,040 (4,109) (4,069) 5,040 22,516 5,040 22,516 5, 040 |
30.4.24 Total 30.4.23 Total funds £ funds £ 26,585 26,585 3,434 1,630 1,646 10,500 |
30.4.24 Total 30.4.23 Total funds £ funds £ 26,585 26,585 3,434 1,630 1,646 10,500 |
30.4.24 Total 30.4.23 Total funds £ funds £ 26,585 26,585 3,434 1,630 1,646 10,500 |
|---|---|---|---|---|
| 5,080 (4,109) |
12,130 (2,890) |
|||
| 971 27,556 |
9,240 35,825 |
|||
| 27,556 35,825 22,516 24,335 5,04011,490 27,556 35,825 |
||||
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of t Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable 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 Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
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The Cross Community Company (Registered number: Nl637875)
Balance Sheet - continued
30 April 2024
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 29 April 2025 and were signed on its behalf by:
Mr Raymond Thomas Kelly - Trustee
The notes fonn part of these financial statements
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The Cross Community Company
Notes to the Financial Statements for the Year Ended 30 April 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS I 02, have been prepared in accordance with the Charities SORP (FRS I02) 'Accounting and Repoiiing 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 oflreland (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 the 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 measured 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 the objects of the charity. Restrictions arise when specified hy the donor or when funds are raised for particular restricted purposes.
continued...
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The Cross Community Company
Notes to the Financial Statements - continued
for the Year Ended 30 April 2024
2. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 April 2024 nor for the year ended 30 April 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 April 2024 nor for the year ended 30 April 2023.
3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 7,700 EXPENDITURE ON Charitable activities Orphanage - India Other 2,285 Total 2,285 NET INCOME/(EXPENDITURE) 5,415 RECONCILIATION OF FUNDS Total funds brought forward 18,643 TOTAL FUNDS CARRIED FORWARD 24,058 |
Restricted Total funds funds £ £ 37,000 44,700 |
|---|---|
| 37,000 37,000 75 2,360 |
|
| 37,075 39,360 |
|
| (75) 5,340 2,640 21,283 |
|
| 2,565 26,623 |
continued...
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The Cross Community Company
Notes to the Financial Statements - continued
for the Year Ended 30 April 2024
4. TANGIBLE FIXED ASSETS
| Improvements to property £ COST At I May 2023 and 30 April 2024 26,585 DEPRECIATION AtlMay 2023 and 30 April 2024 NET BOOK VALUE At 30 April 2024 26,585 At 30 April 2023 26,585 5.DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors 6.CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors Accrued expenses 7.MOVEMENT IN FUNDS At 1.5.22 £ Unrestricted funds General fund 24,058 Restricted funds Restricted Fund 2,565 TOTAL FUNDS 26,623 |
Fixtures and fittings £ 1,540 |
Totals £ 28,125 |
Totals £ 28,125 |
Totals £ 28,125 |
|---|---|---|---|---|
| 1,540 | 1,540 | |||
| 26,585 | ||||
| 26,585 30.4.23 £ 1,630 30.4.23 £ 1,249 1,641 |
26,585 | |||
| 30.4.24 £ 415 30.4.24 £ 666 424 1,090 Net movement infunds £ 277 8,925 |
||||
| 2,890 At 30.4.23 £ 24,335 11,490 35,825 |
2,890 | |||
| 9,202 |
continued...
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The Cross Community Company
Notes to the Financial Statements - continued
for the Year Ended 30 April 2024
7. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds Incoming resources £ General fund 1,807 Restricted funds Restricted Fund 34,000 Armagh Banbridge & Craigavon Council 640 34,640 TOTAL FUNDS 36,447 |
Resources expended £ Movement in funds £ (1,530) 277 (25,075) 8,925 {640) |
|---|---|
| {25,715) 8,925 |
|
| (27,245) 9,202 |
Comparatives for movement in funds
| Unrestricted funds At 1.5.23 £ Generalfund 24,335 Restricted funds Restricted Fund 11,490 TOTAL FUNDS 35,825 |
Net movement At in funds £ 30.4.24 £ (1,819) 22,516 (6,450) 5,040 |
Net movement At in funds £ 30.4.24 £ (1,819) 22,516 (6,450) 5,040 |
|---|---|---|
| 5 340 | 27,556 |
8. RELATED PARTY DISCLOSURES
During the year the charity received donations totaling £69,750 from businesses in which one of the Trustees, Mr Ronald Kelly, was a Director/Partner.
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