Crossflow Limited - Filleted accounts

Registered number

04063180

Crossflow Limited

(A company limited by guarantee)

Filleted Accounts

31 December 2024

Crossflow Limited
Legal and administrative information for the year ended 31 December 2024

Status
The organisation is a company limited by guarantee, incorporated on 31st August 2000 and registered as a charity on 18th October 2000. It is governed by its memorandum and articles of association.


Directors
The directors of the company ("the charity") are its trustees for the purposes of the Charities Act 2011 and throughout this report are collectively referred to as its trustees.

R D H Brindle
C B Mathais

Accountants
K Bhattarai
Accountancy and Tax Practice Limited
20 Bugsby's Way
London
England
SE7 7SJ

Bankers
Coutts & Co
440 Strand
London
WC2R 0QS

Registered office
c/o Accountancy and Tax Practice Limited
20 Bugsby's Way
Greenwich
London
England
SE7 7SJ

Registered number
04063180

Crossflow Limited

Report of the independent examiner

Report to the directors on the preparation of the unaudited statutory accounts of Crossflow Limited for the year ended 31 December 2024
I report on the accounts of the Charity for the year ended 31st December 2024, which are set out on pages 8 to 13. In accordance with your instructions, I have compiled these unaudited accounts in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Responsibilities of the trustees and examiner As the Charity's trustees (who are also the directors of the company for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the accounts of the Company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (“the 2011 Act”). In carrying out my examination, I have followed the Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act.

Basis of independent examiner's report An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosure in the accounts, and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

Independent examiner's statement I have completed my examination. I confirm that no material matters have come to my attention which gives me cause to believe that in any material respect:

• accounting records were not kept in accordance with section 386 of the Companies Act 2006; or
• the accounts do not accord with such records; or
• the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 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 accounts have not been prepared in accordance with the methods and the principles of the Statement of the Recommended Practice for accounting and reporting by charities applicable to charities preparing their accountsig accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

….................................................
Krishna Bhattarai
Chartered Certified Accountants
Accountancy and Tax Practice Limited
20 Bugsby's Way
London
SE7 7SJ

10 September 2025

Crossflow Limited
Registered number:		04063180
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Current assets

Cash at bank and in hand		4,082			4,293

Creditors: amounts falling due within one year	7	(8,249)			(8,249)

Net Current Assets			(4,167)			(3,956)

Net Liabilities			(4,167)			(3,956)

Total Fund
Unrestricted Funds	7		(4,167)			(3,956)

			(4,167)			(3,956)

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 10 September 2025

Crossflow Limited
Notes to the Accounts
for the year ended 31 December 2024

2	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	2024		2023
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	2024		2023
£			£

	Donation received	130,472		157,966

		130,472		157,966

	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
		2024		2023
£			£

	Costs of activities in furtherance of the objects of the charity:
	Grants made	124,496		146,451

	Administration expenditure:

	Travel and subsistence	-		1,188
	Bank charges	74		43
	Accountancy fees	2,150		2,150
	Other professional fees	3,950		3,963
	Sundry expenses	13		(123)
		130,683		153,672

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	2024		2023
£			£

	Other creditors	8,249		8,249
		8,249		8,249


8	Retained fund balances	Total Funds All Unrestricted		Total Funds All Unrestricted
		2024		2023
£			£

	At 1 January	(3,956)		(8,250)
	Surplus/(Deficit) for the year	(211)		4,294

	At 31 December	(4,167)		(3,956)

	Trustees were aware of deficit on fund balance at the year end 31 December 2024. Crossflow Limited do not require to hold further fund other than when fund is requested for a Grant distribution. Fund received on 10th March 2025 of Euro 45,006.73. 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 £124,496 (2023-£146,451) 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