COMPANY REGISTRATION NUMBER: N1654945 CHARITY REGISTRATION NUMBER: 107183 David Paul Cross Foundation Limited Company Limited by Guarantee Unaudited Financial Statements 31 August 2024 MANEELY M ANN HARTERED A Chartered Accountants Aisling House 50 Stranmillis Embankment Belfast BT9 5FL NTANT David Paul Cross Foundation Limited Company Limited by Guarantee Financial Statements Year ended 31 August 2024 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 2024 The trustees. who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 August 2024. Reference and administrative details Registered charity name David Paul Cross Foundation Limited Chariiy registratlon number 107183 Company registration number N1654945 Principal office and regislered Aisling House off ice 50 Stranmillis Embankment Belfast BT9 5FL The truslees Rev Dr Gary Donegan Rev Stanley Gamble Rev William Shaw Independent examlner Gathal Maneely Aisling House 50 Stranmillis Embankrnent Belfast BT9 5FL Structure, govemance and management David Paul Cross Foundation 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) (continued) Year ended 31 August 2024 Objeclives and activities The David Pau5 Cross Foundation confines itself to 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 of grants and donations to third party charities and research bodies in Northern Ireland which are directly concerned with raising awareness of the early identification, treatment and prevention of 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 to housing or inirasiructure, and subsequently ensure more areas of Pijblic Ilte are interconnected. Also, the goal is to help prevenl skin cancer through primary and secondary prevention. Skin cancers and precursors to skin cancer are relatively easy to treat if detected early enough. Through helping teach people what they should look for: raising awareness through public campaigns.. and providing information on primary and secondary prevention, the hope is that the financial burden on our heal+hcare Sysiems will be relieved and u5timately lives will be saved. The David Paul Cross Foundation also aims to mentor and advance community groups and charities which directly tackle issues that are causing political conflict.. actively working towards an equitable and peaceful society while promoting the sustainable development ol urban and rural communities. These benpiilb will tia dernons'ifated ti.. -arried out. Strategic report The following sections for achievemenls and per,ormance and financial review form the strategic report of ;he 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 charity had net currenL liabilities of £7,422 at the balance sheet date. The direciors are confident that future funding will be secured and that 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) (contlnued) Year ended 31 August 2024 The trustees, annual report and the strategic report were approved on 23 May 2025 and signed on behalf of the board of trustees by: (A Rev 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 2024 I report to the trustees on my examination of tne financial statements of David Paul Cross Foundation Limited {'the charity,) for the year ended 31 August 2024. Responsibilities and basis of reporl As the trustees of the company land also its directors for the purposes of company law) you are responsible for the preparation ol the financial statements in accordance with the requirements of Charities Act (Northern Ireland) 2008 {the .2008 Act,) and the Companies Act 20061.the 2006 Act,). You are satisfied that the accounts of the company are not required by charity or company law to be audited and have chosen instead to have an independent examination. Having saiisfied myself that the accounis of the company are not required to be audited under Part 16 of 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 under 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 6519)(b} of the 2008 Act. Independent examiner's statement I have completed my examination. I contirm that no matters have come to my attention in connection with my examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the charity as required by section 386 of the 20d6 Act. or the financial statements do not accord with those records. or the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair, view which is not a matter considered as part of an independent examination., or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accour)ting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland (FRS 102)- David Paul Cross Foundation Limited Company Limited by Guarantee Independent Examiner's Report to the Trustees of David Paul Cross Foundation Limited (contlnued) Year ended 31 August 2024 I confirm that there are no other matters to 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 23 May 2025 David Paul Cross Foundation Limited Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 31 August 2024 2024 Unrestricted funds Total funds Total funds 2023 NvtE Income and endowments Donations and legacies Tolal income 24,900 24,900 Expenditure Expenditure on charitable activities Total expenditure 2,622 2,622 24,900 2.622 2,622 24,900 Net expenditure and net movement in funds {2,622) 12.622} Reconciliatioii of funds Total funds brought forward Total funds carried forward (4,800) 17,4221 14,800} 17,422) 14,8001 (4,8001 The statement of financial activities includes all gains and losses recognised in the year. All incomcj ap.,g expanditure derivts from continijina activities. The notes on pages 9 to 13 fonn part of Ihese financial statements. David Paul Cross Foundation Limited Company Limited by Guarantee Statement of Financial Position 31 August 2024 2024 2023 Nole 11 Crediiors: amounis falling due within one year Nel current liabilities 7,422 4,800 7,422 4,800 (4,800) 14,800) Total assets less current liabilities (7,422) {7,422) Nel liabilities Funds of the charity Unrestricted funds (7,422) {7.422) (4,800) 14,8001 Tolal chariiy funds 12 For the year ending 31 August 2024 the charity was entttled 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, regime. These financial statements were approved by the board of trustees and authorised for issue on 23 May 2025, and are signed on behalf of the board by: Rev Stanley Gamble Trustee The notes on pages 9 to 13 lorm part of these financial ststements. David Paul Cross Foundation Limited Company Limited by Guarantee Statement of Cash Flows Year ended 31 August 2024 2024 2023 Net decrease in cash and cash equivalenls Cash and cash equivalents at beginning of year Cash and cash equivalents al end ol year The notes on pages 9 to 13 form part of these financial statements. David Paul Cross Foundation Limited Company Limited by Guarantee Notes to the Financial Statements Year ended 31 August 2024 General information The charity is a public benefwt entity and a private company limited by guarantee, registered in Northern Ireland and a registered charity in Northern Ireland. The address of the registered off ice is Aisling House. 50 Stranmillis Embankment. Belfast. BT9 5FL. Statement of compliance These financial statements have been prepared in compliance with FRS 102, The Financial Reporting Standard applicable in the UK and the Republic of Ireland., the Staiement 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) (Charities SORP IFRS 102}} and the Companies Act 2006. Accountlng policies Basis of preparation The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expendtture. The financial statements are prepared in sterling, which is the functional currency of the entity. Going concem There are no material uncertainties about the charty's abilty to continue. Judgements and key sources of estlmation uncertainty The preparation of the financial statements requires management to make judgements. estimates and assumptions that affect the arnounts 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 of the trustees to further any of the charitys purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or cotntnitTnent. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income lunds or endowment funds. David Paul Cross Foundation Limited Company Limited by Guarantee Notes to the Financial Statements (conlinued) Year erided 31 AugList 2024 Accounting policies (contlnued) Incoming resources All incoming resources are included in the st2tement of financi212ctivities when entitlement has passed to the charity., it 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 re￿ipt is probable and entitlement is established. income from donated goods is measured at the lair value of the goods unless this is impractical io measure reliably, in which case ihe value is derived from the cost to the donor or the estimaied resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income frorrt contracts for the supply of services is recognised with the delivery of the contracted seNice. This is classiTied as unrestricted funds unless there is a contractual requiretnent for it to be Spent on a pafLicular purpose and returned if unspent, in whicki Cdse it may be regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the Siatement of financial activities to which it relates: expenditure on raising funds includes the costs of all fundraising activities, events: non- charitable trading activities, and the sale of doriated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benelit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the chai ity nor part of its expendiLure on charitable aciivilies. All costs are allocated to expenditure calegories reflecting the use of the resource. Direct COSiS attributable to a single activity are a15ocated direbily to that aciivity. Shared costs are apportioned be￿een the acilViLies ihey contribute to on a reasonable, justifiable and consisient basis. Financial instrurnents A financial asset or a financial liabilty is recognised only when the charity becomes a party to the contractual provision5 of the instrument. 10 David Paul Cross Foundation Limited Company Limited by Guarantee Notes to the Financial Statements (conllnuedj Year ended 31 August 2024 Accounting policies (contlnued) Financial instruments (contlnued) Basic financial instruments are initially recognised at the amount receivable or payabla including any related transaction costs. Current assets and current liabilities 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 otherwise be measured reliably. the investment is subsequently measured at fair value wtth changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. Other financial instruments, 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 that 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 for a similar debt instrument. Other financial instruments are subsequently measured at fair value, wtth 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 amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement tsf financial activities in which the initial gain was recognised. For all equity instruments regardless ol significan￿, 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 of similar credit risk characteristics. Any reversals of irnpairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Limited by guarantee The Charity is a private company limited by guarantee without share capital. The liability of each member in the event of winding-up is limited to £1. Donations and legacies Unrestricted Toial Funds Unrestricted Total Funds Funds 2024 Funds 2023 Donations Donations 24,900 24.900 11 David Paul Cross Foundation Limited Company Limited by Guarantee Notas to the Finaiicial Statements (contlnued) Year ended 31 August 2024 Expenditure on charitable activities by lund lype Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Awarding grants Support costs 22.500 2,400 22,500 2,400 2.622 2.622 2.622 2.622 24,900 24,900 Expendilure on charitable activities by activity type Total lunds 2024 Total fund 2023 Support costs Awarding grants Governance costs 22,500 2,400 2,622 2,622 2,622 2.622 24,900 Independent examinelion lees 2024 2023 iinei ior. Fres Payknle LO ikia ifidepen(iani rxai I Independent examination of the financial statements 2,400 2,400 Staff costs The average employee head count ot employees during the period was Nil. Therefore, there were no employees who received employee benefits ol more than £60,000 during the period. 10. Trustee remuneration and expenses No remuneration or other benefits from employment with the charity or a related entity were received by the trustees. 11. Creditors: amounts falling due wittiin one year 2024 2023 Accruals and deferred incotne 7,422 4,800 12 David Paul Cross Foundation Limited Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 August 2024 12. Analysis of charitable funds Unrestricted funds At 1 September 2023 Al 31 August 20 24 Income Expenditure General funds (4,800) (2.622) 17,422) At 1 September 2022 At 31 August 20 23 Income Expenditure General funds (4.800) 24.900 (24,900) (4,800) 13. Analysis of net assets belween funds Unrestricted Total Funds Funds 2024 Creditors less than 1 year (7,422) (7,4221 Unrestricted Total Funds Funds 2023 Creditors less than 1 year (4,800) (4,800} 14. Analysis of changes in net debt Al At 1 Sep 2023 Cash flows 31 Aug 2024 13