## **The Cross Community Company** 

## **Statement of Financial Activities for the Year Ended 30 April 2024** 

|Unrestricted<br>**INCOME AND ENDOWME'ITS FROM**<br>fund<br>Notes<br>£<br>Donations and legacies<br>1,350<br>Other income<br>**Total**<br>1,350<br>**EXPENDITURE ON**<br>**Charitable activities**<br>Orphanage - India<br>100<br>International Mission<br>Other<br>3,069<br>**Total**<br>3,169<br>**NET INCOME**<br>(1,819)<br>**RECONCILIATION OF FUNDS**<br>Total funds brought forward<br>24,335<br>**TOTAL FUNDS CARRIED FORWARD**<br>22,516|Restricted<br>30.4.24<br>Total<br>30.4.23<br>Total<br>funds<br>£<br>funds<br>£<br>funds<br>£<br>69,750<br>71,100<br>36,447<br>|Restricted<br>30.4.24<br>Total<br>30.4.23<br>Total<br>funds<br>£<br>funds<br>£<br>funds<br>£<br>69,750<br>71,100<br>36,447<br>|
|---|---|---|
||69,750<br>71,100|36,447|
||76,000<br>76,100<br>200<br>3,269|25,383<br>1,862|
||76,200<br>79,369<br>(6,450)<br>(8,269)<br>11,490<br>35,825|27,245<br>9,202<br>21,283|
||5,040<br>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**<br>Notes<br>Tangible assets<br>4<br>**CURRENT ASSETS**<br>Debtors<br>5<br>Cash at bank<br>**CREDITORS**<br>Amounts falling due within one year<br>6<br>**NET CURRENT ASSETS**<br>**TOTAL ASSETS LESS CURRENT**<br>LIABILITIES<br>**NET ASSETS**<br>**FUNDS**<br>Unrestricted funds<br>7<br>Restricted funds<br>**TOTAL FUNDS**|Unrestricted<br>Restricted<br>fund<br>£<br>funds<br>£<br>26,585 <br>3,434<br>40<br>1,606<br>40<br>5,040<br>(4,109)<br>(4,069)<br>5,040<br>22,516<br>5,040<br>22,516 <br>5, 040|30.4.24<br>Total<br>30.4.23<br>Total<br>funds<br>£<br>funds<br>£<br>26,585<br>26,585<br>3,434<br>1,630<br>1,646 10,500|30.4.24<br>Total<br>30.4.23<br>Total<br>funds<br>£<br>funds<br>£<br>26,585<br>26,585<br>3,434<br>1,630<br>1,646 10,500|30.4.24<br>Total<br>30.4.23<br>Total<br>funds<br>£<br>funds<br>£<br>26,585<br>26,585<br>3,434<br>1,630<br>1,646 10,500|
|---|---|---|---|---|
||||5,080<br>(4,109)|<br>12,130<br>(2,890)|
||||971 <br>27,556|9,240<br>35,825|
||||27,556<br>35,825<br>22,516<br>24,335<br>5,04011,490<br>27,556<br>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... 

Page6 



**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 

Page 7 



**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... 

Page 8 



**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<br>fund<br>£<br>**INCOME AND ENDOWMENTS FROM**<br>Donations and legacies<br>7,700<br>**EXPENDITURE ON**<br>**Charitable activities**<br>Orphanage - India<br>Other<br>2,285<br>**Total**<br>2,285<br>**NET INCOME/(EXPENDITURE)**<br>5,415<br>**RECONCILIATION OF FUNDS**<br>Total funds brought forward<br>18,643<br>**TOTAL FUNDS CARRIED**<br>**FORWARD**<br>24,058|Restricted<br>Total<br>funds<br>funds<br>£<br>£<br>37,000<br>44,700|
|---|---|
||37,000<br>37,000<br>75<br>2,360|
||37,075<br>39,360|
||(75)<br>5,340<br>2,640<br>21,283|
||2,565<br>26,623|



continued... 

Page 9 



**The Cross Community Company** 

## **Notes to the Financial Statements** - **continued** 

## **for the Year Ended 30 April 2024** 

## 4. **TANGIBLE FIXED ASSETS** 

|Improvements<br>to<br>property<br>£<br>**COST**<br>At I May 2023 and 30 April 2024<br>26,585<br>**DEPRECIATION**<br>AtlMay 2023 and 30 April 2024<br>**NET BOOK VALUE**<br>At 30 April 2024<br>26,585<br>At 30 April 2023<br>26,585<br>`5.`<br>**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**<br>Other debtors<br>`6.`<br>**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**<br>Other creditors<br>Accrued expenses<br>`7.`<br>**MOVEMENT IN FUNDS**<br>At 1.5.22<br>£<br>**Unrestricted funds**<br>General fund<br>24,058<br>**Restricted funds**<br>Restricted Fund<br>2,565<br>**TOTAL FUNDS**<br>26,623|Fixtures<br>and<br>fittings<br>£<br>1,540|Totals<br>£<br>28,125|Totals<br>£<br>28,125|Totals<br>£<br>28,125|
|---|---|---|---|---|
||1,540||1,540||
||||26,585||
|||26,585<br>30.4.23<br>£<br>1,630<br>30.4.23<br>£<br>1,249<br>1,641|26,585||
||30.4.24<br>£<br>415<br>30.4.24<br>£<br>666<br>424<br>1,090<br>Net<br>movement<br>infunds<br>£<br>277<br>8,925||||
|||2,890<br>At<br>30.4.23<br>£<br>24,335<br>11,490<br>35,825||2,890|
||9,202||||



continued... 

Page 10 



**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**<br>Incoming<br>resources<br>£<br>General fund<br>1,807<br>**Restricted funds**<br>Restricted Fund<br>34,000<br>Armagh Banbridge & Craigavon<br>Council<br>640<br>34,640<br>**TOTAL FUNDS**<br>36,447|Resources<br>expended<br>£<br>Movement<br>in funds<br>£<br>(1,530)<br>277<br>(25,075)<br>8,925<br>{640)|
|---|---|
||{25,715)<br>8,925|
||(27,245)<br>9,202|



## **Comparatives for movement in funds** 

|**Unrestricted funds**<br>At 1.5.23<br>£<br>Generalfund<br>24,335<br>**Restricted funds**<br>Restricted Fund<br>11,490<br>**TOTAL FUNDS**<br>35,825|Net<br>movement<br>At<br>in funds<br>£<br>30.4.24<br>£<br>(1,819)<br>22,516<br>(6,450)<br>5,040|Net<br>movement<br>At<br>in funds<br>£<br>30.4.24<br>£<br>(1,819)<br>22,516<br>(6,450)<br>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. 

Page 12