COMPANY REGISTRATION NUMBER: N1654945 CHARITY REGISTRATION NUMBER: 107183 David Paul Cross Foundation Limited Company Limited by Guarantee Unaudited Financial Statements 31 August 2022 MANEELY Mc CANN CHAR ERED A Chartered Accountants Aisling House 50 Stranmillis Embankment Belfast BT9 5FL COUNT NT David Paul Cross Foundation Limited Company Limited by Guarantee Financial Statements Year ended 31 August 2022 Page Trustees, annual report (incorporating the director's report) Independent examiner's report to the trustees Statement of financial activities (including income and expenditure account) Statement of financial position Statement of cash flows Notes to the financial statements David Paul Cross Foundation Limited Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) Year ended 31 August 2022 The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity lor the year ended 31 Augusl 2022. Reference and administrative detalls Reglstered charlty name David Paul Cross Foundation Limited Charity reglstration number 107183 Company reglslration number N1654945 Principal office and registered Aisling House ofti¢e 50 Stranmillis Embankment Belfast BT9 5FL The truslees Rev Dr Gary Donegan Rev Stanley Gamble Rev William Shaw Independent examiner Cathal Maneely Aisling House 50 Stranmillis Embankment Bellast BT9 5FL Struclurej governance and management David Paul Cross Foundalion Limited was registered as an incorporated charity with the Northern Ireland Charity Commission on 13th March 2020 operating under Memorandum and Articles of Association dated 10 August 2018. New trustees can be appointed at any time by a resolution of a meeting of the trustees. David Paul Cross Foundation Limited Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (conlinued) Year ended 31 August 2022 Objectives and activities The David Paul Cross Foundatioii conliiies ilself lo making exclusively charitable donations through.. the award of bursaries and grants to community projects, third party charitable organisations and individuals which are directly tackling issues that are causing political conflict, promote youth education, and reconciliation and resilience in Northern Ireland; and the award ol grants and donations to third party charities and research bodies in Northern Ireland which are directly concerned with raising awareness of the early identification, treatmenl and prevention ol skin cancer for the general public. By providing financial support the objective is that the Foundation can help the local area to cope as well as to adapt to stresses and strains such as long-term demographic change, slow economic growth and poor access lo housing or inlrastruclure: and subsequenlly ensure more areas of public life are inlerconnecled. Also, thè goal is to help prevenl skin cancer through primary and secondary prevention. Skin cancers and precLJrsors to skin cancer are relatively easy to Ireal il detected early enough. Through helping leach people what they should look lor, raising awareness through public campaigns,. and providing inlorinalion oli primary and secondary prevention, the hope is that the liiiancial burden oli oui heallhcare sysleirs will be I'elieved aiid Liliiinalely lives will be saved. The Davirt Paul Cross Foundation also aims lo mentor and advance community groups and charities which directly tackle issues Ihal are causing political conflict,. actively working towards an equitable and peaceful society while promoting the sustainable development ol urban and rural communities. These beiiefils Wlii be demonstrated Iliroi5gli ongc..'ng rTioiiiloring and p.valiJalion of work being carried out. Strategic report The following sections for achievements aiid performanGe and financial review lorm the strategic report of the charity. Achievements and performance The charity generates funds from donations. Financial review These Charity accounts has been prepared on a going concern basis, notwithstanding the fact the charily had net current liabilities of £4,800 al the balance sh8el date. The directors are confident that fLtture funding will be secured and thal the charity will continue to be financially sustainable. Small company provisions This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption. David Paul Cross Foundation Limited Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (confinued) Year ended 31 August 2022 The trustees, annual report and the slrategic report were approved on 31 May 2023 and signed on behalf of the board of trustees by: Flev Stanley Gamble Trustee David Paul Cross Foundation Limited Company Limited by Guarantee Independent Examiner's Report to the Trustees of David Paul Cross Foundation Limited Year ended 31 August 2022 I report Ic the tiuslees on my examiiiatloi) 01 Ilie lii)ancial slaleineiils ol David Paul Cross Foundation Limited I'the charity,) foy the year ended 31 August 2022. Responsibllities and basis of report As the trustees of the company (and also its directors for Ihe purposes of company lawl you are responsible for the preparation ol the financial statements in accordance with the requirements of Charities Act (Northern Ireland) 2008 (the .2008 Act'l and the Companies Atl 20061.the 2006 Act,). You are satistied that the accounts ol the company are not required by charity or company law to be audited and have chosen instead to have an independent examination. Having satisfied myself that the accounts ol the company are not required to be audited under Part 16 ol the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's financial statements as carried out undel section 65 of the 2008 Act. In carrying out my examination I have followed the general Directions given by the Charity Commission for Northern Ireland under section 6519llbl ol the 2008 Act. Independent examiner's statement I have completed my examination. I confirm that no mallers have come lo Iny alleiilioii in connection with my examination giving me cause lo believe that in any material respect: accounting records were not kept in respect ol the charity as required by section 386 01 Ihe 006 Act., or the financial slalemenls do not accord with those records,. or the financial statements do not coinply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and lair, view which is not a matter considered as parl of an iiidependent examination. or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice lor accounting and reporting by charities applicable to charities preparing their accounls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). David Paul Cross Foundation Limited Company Limited by Guarantee Independent Examiner's Report to the Trustees of Davld Paul Cross Foundation Limited (continued) Year ended 31 August 2022 l confirm that there are no other matters lo which your attention should be drawn to enable a proper understanding of the accounts to be reached. Cathal Maneely Independent Examiner Aisling House 50 Stranmillis Embankment Belfast BT9 5FL 31 May 2023 David Paul Cross Foundation Limited Company Limited by Guarantee Statement of Financial Activilies (including income and expenditure account) Year ended 31 August 2022 2022 Unrestricted funds Total funds Total funds 2021 Note Income and endowments Donations and legacies Total income 8,400 8,400 Expenditure Expenditure on charitable activities Tolal expendilure 6,120 6,120 Net Income and net movement in funds 2,280 Reconciliation of f unds Total funds brought forward Total funds carried forward 14.8001 14.8001 14.8001 {4,8001 17.0801 14.8001 The statement ol financial activities includes all gains and losses recognised in the year. All iiicome and expenditure derive from continuing aclivilies. The notes on pages 9 to 13 form part of these financial statements. David Paul Cross Foundation Limited Company Limited by Guarantee Statement of Financial Position 31 August 2022 2022 2021 Note 11 Credilors: amounts falling due within one year Net current liabllitles 4,800 4,800 4,800 4,800 (4,8001 14,800) Total assets less current liabilities 14,8001 (4,800) Net liabilities Funds of the Charity Unrestricted funds 14,8001 {4,800) {4,8001 {4,8001 Total charity funds 12 For the year ending 31 August 2022 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors. responsibilities: The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regirne. These financial statements were approved by the board of trustees and authorised for issue on 31 May 2023, and are signed on behalf of the board by.. Rev Stanley Gamble Trustee The notes on pages 9 10 13 form part of these financial statements. David Paul Cross Foundation Limited Company Limited by Guarantee Statement of Cash Flows Year ended 31 August 2022 2022 2021 Nel decrease In cash and cash equivalents Cash and cash equivalenls at beginning of year Cash and cash equivalents at end of year The notes on pages 9 to 13 lorrn part of these financial slatements. David Paul Cross Foundation Limited Company Limited by Guarantee Notes to the Financial Statements Year ended 31 August 2022 General informalion The Charity is a public benefit entity and a private company limited by guarantee, registered in Northern Iroland and a registered charity in Northern Ireland. The addr@ss of the registered offi is Aisling House, 50 Stranmillis Embankment, Belfast, BT9 5FL. Statement of compliance These financial statemenls have been prepared in complianoe with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement ot R&commended Praclice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP IFRS 102)) and the Companies Act 2006. Accounting policies Basis of preparation The financial statements have been prepared on the hlstorical cost basis, as modified by the revaluation of certain linancial assets and liabilities and investment properties measured at fair value through income or expendilure. The financial statements are prepared in sterling, which is the functional currency of the entity. Going concern There are no material uncertainties about the charity's ability to continue. Judgements and key sources of estimation uncertainly The preparation of the financial statements requires management to make judgements, estirnates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors. including expectations of future events that are believed to be reasonable under the circumstances. Fund accounting Unrestricted funds are available for use at the discretion ol the trustees lo further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commilment. Restricted funds are subjected to restriclions on their expenditure declared by the donor or Ihrough Ihe terms of an appeal. and lall into one of two sub-classes.. restricled income funds or endowment lunds. David Paul Cross Foundation Limited Company Limited by Guarantee Notes to the Financial Statements l¢onlinuedJ Year ended 31 August 2022 Accounting policies f¢ontAnued) Incoming resources All incoming resources are included in the statement of financial activities when enlillemenl has passed to the charity,. il is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income.. income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. incorne Irom donated goods is measured at the lair value ol Ihe goods unless this is impractical lo measure reliably: in which case the value is derived from the ¢osl to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received il the value can be reliably measured. No amounts are included for the contribution of general volunteers. iiicoine froin contracts lor Ilie supply ol services is recogiiised wilh the delivery ol Ihe contracted service. This is classified as unreslricted funds unless there is a ¢ontractual requirement lor il to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. Resources expended Expenditure is recognised oli an accruals basis as a liability is incurred. Expenditure includes any VAT which cannol be fully recovered, and is classilied under headings ol the statement of financial activities to which il relates.. expenditure on raising funds includes the costs ol all iundraising activities, events, non- charitable trading a¢livities, and the sale of donated goods. expenditure on charitable activities includes all Gosts incurred by a charity in undertaking activities that further its charitable aims for the benefit ol its beneficiaries, including those support costs and costs relating to the governance of the Gharily apporlioned to charitable activities. other expenditure includes all expenditure that is neither related lo raising funds for the charity nor parl ol its expenditure on Gharilable activilies. All costs are allocated lo expenditure categories reflecting the use ol the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute lo on a reasonable, justifiable and consistent basis. Flnancial instrumenls A financial asset or a financial liability is recognised only when the charity becomes a party lo the contractual provisions of the instrument. 10 David Paul Cross Foundation Limited Company Limited by Guarantee Notes to the Financial Statements (conllnued) Year ended 31 August 2022 Accounting policles fconlinuedj Financial instrumenls (continued) Basic linancial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Current assets and current liabililies are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Where investments in shares are publicly traded or their fair value can olherwise be measured reliably, the investment is subsequently measured at lair value with changes in fair value recognised in income and expenditure. All other such inveslments are subsèquently measured at cost less impairment. Other financial instrurnents, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest thal is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest lor a similar debt instrument. Other linancial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amorhsed cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairrnent loss is recognised under the appropriate heading in Ihe statement of financial activities in which the initial gain was recognised. For all equtty instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis ot similar credit risk characteristics. Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what Ihe carrying amount would have been had the impairment not previously been recognis8d. Limited by guarantee The Charity is a private company limited by guarantee without share capital. The liability ol each member in the @vent of winding-up is limited to £1. Donalions and legacies Unreslricted Total Funds Unrestricted Total Funds Funds 2022 Funds 2021 Donatlons Donations 8,400 8,400 11 David Paul Cross Foundation Limited Company Limited by Guarantee Notes to the Financial Statements (Gonlinued) Year ended 31 August 2022 Expenditure on charitable activities by fund type Unreslri¢ted Total Funds Unrestricted Total Funds Funds 2022 Funds 2021 Awarding grants Support costs 6.000 120 6,000 120 6,120 6,120 Expenditure on charitable activities by aclivity type Total lunds 2022 Total fund 2021 Awarding grants Governance Costs 6,000 120 6,120 Independent examination fees 2022 2021 Fees payable to tlie independent exa,. iiiner for.. Independent examination of the financial slalements 2,400 2,400 Staff costs The average employee head count ol employees during the period was Nil. Therefore. there were no employees who received employee benefits of more than £60,000 during the period. 10. Trustee remuneration and expenses No remuneration or other benefits from employment with the charily or a related entity were received by the trustees. 11. Credilors: amounts falling due within one year 2022 2021 Accruals and delerred income 4,800 4,800 12 David Paul Cross Foundation Limited Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 August 2022 12. Analysis of charitable funds Unrestricted funds At 1 September 2021 At 31 August 20 22 Income Expenditure General funds (4,8001 14,800) Al 1 September 2020 At 31 August 20 21 Income Expenditure General funds 17,080) 8,400 (6,120) 14,800) 13. Analysis of nel assels between funds Unrestricted Total Funds Funds 2022 Creditors less than 1 year 14,800) {4,800} Unrestricted Total Funds Funds 2021 Creditors less than 1 year 14,8001 14,800) 14. Analysls of changes in nel debt At At 1 Sep 2021 Cash flows 31 Aug 2022 13