Registered number
04063180
Crossflow Limited
(A company limited by guarantee)
Filleted Accounts
31 December 2023
Crossflow Limited
Registered number: 04063180
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Current assets
Cash at bank and in hand 4,293 -
Creditors: amounts falling due within one year 7 (8,249) (8,250)
Net Current Assets (3,956) (8,250)
Net Liabilities (3,956) (8,250)
Total Fund
Unrestricted Funds 7 (3,956) (8,250)
(3,956) (8,250)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
.....................................................
Charles Mathias
Director
Approved by the board on 27 August 2024
Crossflow Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommend Practice applicable to charities preparing the accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Companies Act 2006 and UK Generally Accepted Practice as it applies from 1January 2015.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistency applied to all years presented otherwise stated.
Going Concern / Covid 19
The trustees remain satisfied that the organisation is a Going Concern. At the time of approving the financial statements, the Trustees have a reasonable expectation that the Charity has adequate resources to support the current level of expenditure and to continue in operational existence for the foreseeable future. The Trustees have, however, recognised that, due to the impact of COVID 19, there has been a significant impact on the activities of the charity. The Trustees are committed to supporting the charity and will continue to evaluate the situation on an ongoing basis and to develop plans for the charity.
Incoming Resources
Income is received by way of donations and gifts and from fundraising events. Income is recognised when received.
Resources Expended
Resources expended are recognised in the period in which they are incurred. Resources expended include attributable VAT which cannot be recovered.

When applicable, expenditure has been directly attributed to specific activities.
Fund Accounting
Funds held by the charity are all unrestricted general funds which can be used in accordance with the charitable objects at the discretion of the trustees. The fund does not have any Designated or Restricted funds
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
Crossflow Limited is a registered charity and eligible for the exemptions from taxation available to charities in respect of their charitable activities.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
(Directors (trustees) receive nil remuneration.
Charity do not have paid employee.
3 Donations and gifts 2023 2022
£ £
Donation received 157,966 141,824
157,966 141,824
All of the income received by the charity during the year and previous year was unrestricted income.
4 Direct charitable expenditure Total Funds All Unrestricted Total Funds All Unrestricted
2023 2022
£ £
Costs of activities in furtherance of the objects of the charity:
Grants made 146,451 137,185
Administration costs:
Travel and subsistence 1,188 665
Bank charges 43 40
Accountancy fees 2,150 2,163
Other professional fees 3,963 4,506
Sundry expenses (123) 102
153,672 144,661
5 Fees Paid for Examination of the Accounts:
Independent examiner: Accountancy fees 2,150 2,163
Other Professional Fees 3,950 4,506
6,100 6,669
6 Taxation
Crossflow Limited is a registered charity and eligible for the exemptions from taxation available to charities in respect of their charitable activities. No UK Corporation tax arises on its activities for the year.
7 Creditors: amounts falling due within one year 2023 2022
£ £
Other creditors 8,249 8,250
8 Retained fund balances Total Funds All Unrestricted Total Funds All Unrestricted
2023 2022
£ £
At 1 January (8,250) (5,413)
Surplus/(Deficit) for the year 4,294 (2,837)
At 31 December (3,956) (8,250)
Trustees were aware of deficit on fund balance at the year end 31 December 2023. Crossflow Limited do not require to hold further fund other than when fund is requested for a Grant distribution. Fund received on 7th March 2024 of Euro 42,002.28. This income was received to cover the future grants request. Board of trustee believe that there are no material uncertainties about the charity's ability to continue in operation for the foreseeable future.
9 Trustees remuneration and expenses reimbursed
None of the Trustees received any remuneration for their services as trustees during the period, and no trustee expenses were reimbursed.
10 Voluntary assistance and staff cost
In addition to the direct cost incured in the projects and reported in the accounts, the charity receives assistance from volunteers. This contribution is not included in the accounts. The charity did not incur staff costs during the year and previous year, as the charity did not employ staff during the year.
The key management personnel of the charity comprise the trustees. No remuneration was paid to the Trustees.
11 Cost of activities in furtherance of the objects of the charity
Grants made are considered to be a part of the costs of the activities in furtherance of the objects of the charity because much of the charity's development programme is carried out through grants to organisations local to the region of the Himalayas which support long term sustainable benefits for a community, which are monitored by the charity.
Grants made of £146,451 (2022- £137,185) were payable in the current period were made to Crossflow Nepal, a charitable trust established in Nepal. Crossflow Nepal runs education, health and community development programmes. Crossflow Nepal operates independently of Crossflow Limited, except, as described in the Trustees Report, Crossflow Limited monitors the benefits to the local community arising from the grants paid to Crossflow Nepal and the proper use by Crossflow Nepal of the funds made available, as is standard practice in the charity sector. However, neither charity has the power to appoint or remove a significant proportion of the charity trustees of the other, nor are the charities subject to common control.
12 Other information
Crossflow Limited is a private company limited by guarantee and incorporated in England. Company's registered office at:
c/o Accountancy and Tax Practice Limited
20 Bugsby's Way
London, England
SE7 7SJ
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