Crossing Borders Education Limited Charity Accounts

COMPANY REGISTRATION NUMBER: SC345106

CHARITY REGISTRATION NUMBER: SC044633

Crossing Borders Education Limited

Company Limited by Guarantee

Unaudited Financial Statements

31 March 2025

Crossing Borders Education Limited

Company Limited by Guarantee

Financial Statements

Year ended 31 March 2025

	Page

Trustees' annual report (incorporating the director's report)	1

Independent examiner's report to the trustees	3

Statement of financial activities (including income and expenditure account)	5

Statement of financial position	6

Statement of cash flows	7

Notes to the financial statements	8

Crossing Borders Education Limited

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report)

Year ended 31 March 2025

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 March 2025 .

Reference and administrative details

Registered charity name	Crossing Borders Education Limited

Charity registration number	SC044633

Company registration number	SC345106

Principal office and registered	Marionburgh Cottage
office	Ballindalloch
	Banffshire
	AB37 9AT

The trustees

	Arnd Wachter
	Elizabeth Egan
	Rebecca Schutt

Company secretary	Elizabeth Egan

Independent examiner	Paul Leathem FCA
	Muir & Addy Chartered Accountants
	Muir Building
	427 Holywood Road
	Belfast
	BT4 2LT

Structure, governance and management

Governing document

Crossing Borders Education Limited is a company limited by guarantee governed by its Articles of Association. It is registered as a charity with the Scottish Charity Regulator (Reference number SC044633). As the company is limited by guarantee (without share capital), no board member has a beneficial interest in the company.

Recruitment and appointment of Board members

The board members of the company are charity trustees for the purposes of charity law and directors for the purposes of company law. The directors have a mix of business and charity experience, and in the event of paricular skills being lost due to resignation or retirement, suitable individuals will be approached to offer themselves for appointment as directors.

Board member induction and training

Most new board members are already familiar with the work of the charity. New board members are encouraged to attend suitable training courses to familiarise themselves with the work of the charity and their responsibilities as board members.

Organisation

The board members, as directors of the company, are legally responsible for the running of the charity. Where appropriate this responsibility is delegated to others with relevant professional skills.

Risk management

The board members have carried out a review of the major risks to which the charity is exposed. Where appropriate, systems and controls have been put in place to mitigate the effects of those risks identified.

Objectives and activities

The charitable purposes of the Company are the advancement of education, the advancement of community development, the advancement of human rights and conflict resolution, the promotion of racial and religious harmony and the promotion of equality and diversity by providing diverse and stimulating educational programs and intercultural tools that have the potential to empower students to see the world from a different perspective and to realize their opportunities and responsibilities for global concerns.

Our interactive method is designed to strengthen human capacities that unlock the powers of diversity and deep connections through vital skills such as curiosity, empathy and social intelligence.

Achievements and performance

The charity has secured partner income. We continue to build on our delivery of online education using toolkits and films, securing new clients and delivery partners. While the financial circumstances of the reporting period continue to be challenging, the charity has succeeded in developing thoughtful relationships with a wide range of organisations that recognise the charity's unique value, approach, and ambition. This has resulted in a improving and encouraging financial situation.

Financial review

Income for the year was £84,113 compared with expenditure of £66,729, resulting in net income for the year of £17,384 (2024 net expenditure of £51,773).

There was a surplus on the unrestricted fund of £7,496 at 31 March 2025 (2024 deficit of £9,888).

Net current assets amounted to £7,496 at 31 March 2025 (2024 net current liabilities of £9,888).

Plans for future periods

Will continue the good work so far along the same trajectory and we are confident that we can expand the charitable income from donations and services into 25-26 with clients and donors in the UK, Europe and the US.

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

The trustees' annual report was approved on 15 December 2025 and signed on behalf of the board of trustees by:

Elizabeth Egan

Charity Secretary

Crossing Borders Education Limited

Company Limited by Guarantee

Independent Examiner's Report to the Trustees of Crossing Borders Education Limited

Year ended 31 March 2025

I report to the trustees on my examination of the financial statements of Crossing Borders Education Limited ('the charity') for the year ended 31 March 2025.

Responsibilities and basis of report

As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities and Trustee Investment (Scotland) Act 2005 (‘the 2005 Act’), the Charities Accounts (Scotland) Regulations 2006 (as amended) and the Companies Act 2006 (‘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 satisfied myself that the accounts 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 accounts carried out under section 44(1)(c) of the 2005 Act. In carrying out my examination I have followed the requirements of Regulation 11 of the Charities Accounts (Scotland) Regulations 2006 (as amended). Independent examiner's statement

Since the charity is required by company law to prepare its accounts on an accruals basis and is registered as a charity in Scotland your examiner must be a member of a body listed in Regulation 11(2) of the Charities Accounts (Scotland) Regulations 2006 (as amended). I can confirm that I am qualified to undertake the examination because I am a registered member of Chartered Accountants Ireland which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act, section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; or

2. the financial statements do not accord with those records or with the accounting requirements of Regulation 8 of the Charities Accounts (Scotland) Regulations 2006; or

3. 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

4. the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

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.

Paul Leathem FCA Independent Examiner

Muir & Addy Chartered Accountants Muir Building 427 Holywood Road Belfast BT4 2LT

15 December 2025

Crossing Borders Education Limited

Company Limited by Guarantee

Statement of Financial Activities

(including income and expenditure account)

Year ended 31 March 2025

	2025		2024
	Unrestricted funds	Total funds	Total funds
Note	£	£	£

Income and endowments

Donations and legacies	5	84,113	84,113	1,152
Charitable activities	6	–	–	935
Investment income	7	–	–	3
		--------	--------	-------
Total income		84,113	84,113	2,090
		--------	--------	-------

Expenditure

Expenditure on raising funds:

	Costs of raising donations and legacies	8	22,829	22,829	22,806
Expenditure on charitable activities		9,10	43,900	43,900	31,057
			--------	--------	--------
Total expenditure			66,729	66,729	53,863
			--------	--------	--------

	--------	--------	--------
Net income/(expenditure) and net movement in funds	17,384	17,384	( 51,773)
	--------	--------	--------

Reconciliation of funds

Total funds brought forward	( 9,888)	( 9,888)	41,885
	--------	--------	--------
Total funds carried forward	7,496	7,496	( 9,888)
	--------	--------	--------

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

Crossing Borders Education Limited

Company Limited by Guarantee

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Current assets

Debtors	14	6,100	6,100
Cash at bank and in hand		4,396	2,341
		--------	-------
		10,496	8,441

Creditors: amounts falling due within one year	15	3,000		18,329
		--------		--------
Net current assets			7,496	( 9,888)
			-------	-------
Total assets less current liabilities			7,496	( 9,888)
			-------	-------
Net assets			7,496	( 9,888)
			-------	-------

Funds of the charity

Unrestricted funds		7,496	( 9,888)
		-------	-------
Total charity funds	16	7,496	( 9,888)
		-------	-------

For the year ending 31 March 2025 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' regime.

These financial statements were approved by the board of trustees and authorised for issue on 15 December 2025 , and are signed on behalf of the board by:

Elizabeth Egan
Trustee

Crossing Borders Education Limited

Company Limited by Guarantee

Statement of Cash Flows

Year ended 31 March 2025

	2025	2024
	£	£

Cash flows from operating activities

Net income/(expenditure)	17,384	(51,773)

Adjustments for:
Other interest receivable and similar income	–	( 3)
Accrued expenses	1,020	990

Changes in:
Trade and other creditors	( 16,349)	( 809)
	--------	--------
Cash generated from operations	2,055	( 51,595)

Interest received	–	3
	-------	--------
Net cash from/(used in) operating activities	2,055	( 51,592)
	-------	--------

Net increase/(decrease) in cash and cash equivalents	2,055	( 51,592)
Cash and cash equivalents at beginning of year	2,341	53,933
	-------	--------
Cash and cash equivalents at end of year	4,396	2,341
	-------	--------

Crossing Borders Education Limited

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The charity is a public benefit entity and a private company limited by guarantee, registered in Scotland and a registered charity in Scotland. The address of the registered office is Marionburgh Cottage, Ballindalloch, Banffshire, AB37 9AT.

2. 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 Statement 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 (FRS 102)) and the Companies Act 2006.

3. Accounting 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 expenditure.

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 uncertainty

The preparation of the financial statements requires management to make judgements, estimates 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 of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. 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 funds or endowment funds.

Incoming resources

All incoming resources are included in the statement of financial activities 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 receipt is probable and entitlement is established. - income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated 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 from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it 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 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 statement 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 donated goods. - expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit 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 charity nor part of its expenditure on charitable activities.

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Financial instruments

A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable 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 with 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, 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 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 of financial activities in which the initial gain was recognised. For all equity 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 of 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 the carrying amount would have been had the impairment not previously been recognised.

4. Limited by guarantee

The company is a company limited by guarantee and not having a share capital. In the event of the company being wound up each member undertakes to contribute such amount as may be required (not exceeding £1) to the company's assets.

5. Donations and legacies

Unrestricted Funds	Total Funds 2025	Unrestricted Funds	Total Funds 2024
£	£	£	£

Donations

Donations	84,113	84,113	1,152	1,152
	--------	--------	-------	-------

6. Charitable activities

	Unrestricted Funds	Total Funds 2025	Unrestricted Funds	Total Funds 2024
	£	£	£	£
Film screening fees	–	–	935	935
	----	----	----	----

7. Investment income

	Unrestricted Funds	Total Funds 2025	Unrestricted Funds	Total Funds 2024
	£	£	£	£
Bank interest receivable	–	–	3	3
	----	----	----	----

8. Costs of raising donations and legacies

	Unrestricted Funds	Total Funds 2025	Unrestricted Funds	Total Funds 2024
	£	£	£	£
Costs of generating income - Film costs	22,829	22,829	22,806	22,806
	--------	--------	--------	--------

9. Expenditure on charitable activities by fund type

	Unrestricted Funds	Total Funds 2025	Unrestricted Funds	Total Funds 2024
	£	£	£	£
Administration costs	42,264	42,264	28,628	28,628
Support costs	1,636	1,636	2,429	2,429
	--------	--------	--------	--------
	43,900	43,900	31,057	31,057
	--------	--------	--------	--------

10. Expenditure on charitable activities by activity type

	Activities undertaken directly	Support costs	Total funds 2025	Total fund 2024
	£	£	£	£
Administration costs	42,264	–	42,264	28,628
Governance costs	–	1,636	1,636	2,429
	--------	-------	--------	--------
	42,264	1,636	43,900	31,057
	--------	-------	--------	--------

11. Independent examination fees

	2025	2024
	£	£

Fees payable to the independent examiner for:

Independent examination of the financial statements	1,675	825
	-------	----

12. Staff costs

The average head count of employees during the year was Nil (2024: Nil).

No employee received employee benefits of more than £60,000 during the year (2024: Nil).

13. Trustee remuneration and expenses

No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.

14. Debtors

	2025	2024
	£	£
Morocco Exchange Ltd	6,100	6,100
	-------	-------

15. Creditors: amounts falling due within one year

	2025	2024
	£	£
Accruals and deferred income	3,000	1,980
Short term loans	–	16,349
	-------	--------
	3,000	18,329
	-------	--------

16. Analysis of charitable funds

Unrestricted funds

	At 1 April 2024	Income	Expenditure	At 31 March 2025
	£	£	£	£
General funds	(9,888)	84,113	(66,729)	7,496
	-------	--------	--------	-------

	At 1 April 2023	Income	Expenditure	At 31 March 2024
	£	£	£	£
General funds	41,885	2,090	(53,863)	(9,888)
	--------	-------	--------	-------

17. Analysis of net assets between funds

	Unrestricted Funds	Total Funds 2025
	£	£
Current assets	10,496	10,496
Creditors less than 1 year	(3,000)	(3,000)
	--------	--------
Net assets	7,496	7,496
	--------	--------

	Unrestricted Funds	Total Funds 2024
	£	£
Current assets	8,441	8,441
Creditors less than 1 year	(18,329)	(18,329)
	--------	--------
Net assets	(9,888)	(9,888)
	--------	--------

18. Analysis of changes in net debt

	At 1 Apr 2024	Cash flows	At 31 Mar 2025
	£	£	£
Cash at bank and in hand	2,341	2,055	4,396
	-------	-------	-------

19. Related parties

The company was under the control of the board of directors (trustees) throughout the current accounting period. One of the directors, Arnd Wachter , was owed £- (2024 £16,349) at the end of the financial year by way of a short-term interest-free loan. Arnd Wachter controls a company limited by guarantee, Morocco Exchange Limited. At the end of the accounting period £6,100 was owed to the company by Morocco Exchange Limited by way of a short-term interest-free loan (2024 £6,100).