Philip Barker Charity Annual Report and unaudited Financial Ststements For the year ended 31 October 2023
Philip Barker Charlty Contents Independent examinerfs report statement of flnanclal avit5 Balan sheet Notes to the financlal statements 7-11
Philip Barker Charity Legal and administrative Information Truste Slr Edmund 8urton Mr T R A Grove5 Mr5 J P E Groves Mr M Burton Charlty numb•r I(227 Principal addwts Bay Tree Cottage Barbary Close England BA8 08G Ind•pendent examln•r DJH Chester Umited Uoyd Drlve eshire 03k% Buslness Park ElleSMe Port CH65 9HQ Invo$tsrnnt a¢lvlsors IrNeslec W&4ih & Inveslment tsmÉted L3 9AB
Philip Barker Charity Trustees. report For the year ended 31 October 2023 The Trustee5 present their annual repxt and finarKial statements for the year ended 31 Ottober 2023. The accounts have been prepared in accordarKe the accountiThJ 1th$ set out in note I to the accounts and coMY with the deed of trust, the Ctharitie5 Act 2011 and -Accounting and Reporting by Charitles: Ststement of Recommts)ded PraLtice applKable to charities preparin9 their accounts In accordan w(th the Flnanck31 Rep(tlng Stsr¥Jar(l apwicable in the UK and Repub16c of Ireland IFRS 102}- las amended for accountSng perityls commenong from l January 20161. Objertlveg gnd •lms In keeping with the objective5 of the chanty, the Trustees continue to fcKus on supporting Focal charitie5 operating in Chestw and the North West. Recently. lunding ha5 been pmvided for athvities ift rhe South West. All these grants are relatej to youth acttvtties that enhance young people's safety, preparing them for future ernOYMent. enabh.ng to achieve their wtential and. in so doirwj. strengthening local commun¢tie5. The Trustee5 have paid due regard to guJarKe issued by the Charity ComMissn regarding public benefit in deoding v4hat activitS the (harity should undertake. Grant Making Dvrlng the year grat)ts to thalltles t(tslled £165,51MI. The Charity grart-maklng lICY Is to concentrate the Charity's l•mited resour. makn.ng rnaJ grnrts to a small number of charities. where significant and endurino benefits can be delNered. In recent years the thanty has gJPkV)rted the Philip Barker cent for Creative Leaming, Cheshire Youth United, and the Ntsrth West Young People's Cyber Security Safety Initiative,. the lètter ts¥o under the auspices of the y( Federati(M. Thls poliLy has od1ved slgnfficant benefits to innovative and highty effertfiv¢ initiativ¢s. led by inspTrring people. working in partnership. In 2016 the chanty fve a major lJw from the estate of the late Mrs Gwen Mather (founder of the Philip Barker Charity). The trustees sjeexled that these fttrK15 WId be devoted to the estsblishment and operatlon of the Phlllp Barker Centre for Creattve Leaming, within the educatlon department of the University of Chester. initialty. for 5 yeaf5. This initral phase was completed by the grdnt mode on 25 August 2021. The fruits of thls inèt6aYve, wthich 5ght to stimulate innovatlve opportunities and the ImplementaUon of new and eff¥¥ve approachts to teathing, learning and the use of creatSvlty wlthln a range of contexts. are now embe4Jied in the Univer5ity's'i¥)dy of kTr)wledge'. General The Covid ¢sIS had a serious impact on all the LFniforrned youth grnups of the Cheshire Youth United ICYU), rtsuttlng In a loss of Y(n9 people and volunteer5. PAldre59ng this d)allenge. the CYU, with partners. a 'Jobs fale in11¥e showcasing drverse oprx)rtunities for young people, encompasslng partlclpation In youth gmups. volunteerfng p)sition5 and career pathways. Stimulatlng the 5hartng of knowledge and experience, PaTbOPation induded members of a$Ire Scouts, St Johns Ambulance, Police Cadets and RAF Air Cadets. The Y¢xJth Federatlon, alg) supkmyted by the charity. is working with partt)ers, ncludlng the Cheshire and Warringion Pledge progrdmme which ts, effecttvely. acting as a brldge betsyeen Industry young peOe and preparlng them for employment. wtth the reSSary life skills and leadership. Slonlficantly, the effectiveness of grants made by the Chaty is enhanced by the e$4$hment of enduring partnerships with primary and secondary schools. courKsls. police, fire and rescve. vniver5ities {induding teacher Irainifig providers) and national expts. These links a being extended to Indle private settor employers, exemplified by the links with the Sci-Teth Daresbvry Centre. Acknowledgfrng the success of partnering in the North West. the trustees establtshed an initial link in the South West with the Gryphon sd10 in Sherbome. Cknrset, wlth a vw to developing and lolnriy funding an adventure tralnirwj snits"ative drawiNJ on ljest prthe derived from the Duke of Edinburgh Award Scheme. The grants to the Gryphon Sctwl adventure trainlng inibauve totslled £69,IK)O.
Philip Barker Charity Trustees. report (continued) For the year ended 31 Ortober 2023 Major Yoth Grants Buildlng OTr the success of past years of parts)ering with the Youth Federation, major repeat grants were made to the Youth Federation W West Young People's Cyber Safety initKative {£20.000) and Youth Unlted prL¥Jrammes {£20.0001. RespJnd4ng to a special request from the Youth Federdtion, a further grdnt of IÉIO,0001 was made to fvnd additional in-depth trdining around digital skills in cyber Security and networkin9. The trustees have noted the need to provi¢Je mentsi healih support for unrfomied youth groups. A grant of (£40.5001 was made to Unlvers6ty of Chester to fijnd the Phih"p Barker Centre for Creative Leamln9. Cornmunity Grants The major grants to yLwJth oryanlsations have delIVe benefils to k1 communtiles, thFough the well- establish links betsveen the youth organit)n5 and their hxal o)mmunities. Intsrnatlonal Donatkn• A grant of £6,OW was made to Dlsasters Emergency C(Mnmlttee {DECI. Fln?nclal re¥lew Reserves policy The trustees have the reseThes of the charity and a)ndvded that, in order to allow the chartty to be managed effntlY and to provide a buffer. the unrestricted funds nrt invested in inve5trnents held by the charity Should be rnaintained at a levd of apprDxirnately t¥•efve month5 anticipated expenditure. At the balance sheet date reserves We in excess of that amtyjnt. The tntstees o)ntlnue to monitor and review thls policy. There are no restrictions on the chanty's power to invest. The investment strategy is set by the trustees, ith the advice of theFr sto¢kbroker5 (Investec). to whom the day-to-day management of investmertts is delegatsd. The strategy Is to Invest in k)W fisk in¥esDI)ents. g¥eraJng suffident income to fund mlnor grant5. The major grant to the Centre for Creative Learning was funded from capital in order to 5usiai innovation. The $Its for the year show a defi¢it of funds of £L13.410 bef the unwllsed h)ss on revaluatlon of Ilsted Investments. The unrestrthd funds of the chatfjty amountsd to £1.635,810. This £an be compared VIth the figures of past yea¥s:£1,776.554 at October 2022: EI,965,826 at (Ktober 2021.. £1,779.151 at ortober 2020. During this fiF*nthal year 9rants totalled £165,(1. The Trustees continved to exercfse tight control over management and admlntstrab.ve costs, which totèlled £1,920 11.40% of resour expended) and investrnent management of the portfolio by Investec. £10,680 {7.76% of re9jjr expended}. Acknowledglng that the thatlty woukl contynue to suffer from a rnyuced Income from Its Invertments. the tnjstees authorised the reknse of fijnts from the sale of investments in order to Supernent gronts for the current year. The additional funds required to meet approved grants were drdwn frorn the unrestricted funds of the charity. sk m¥n•gement The tnjstees have examlned the major ststeglc. blesS and operatlonal rfjsks whlch the charity faces and confinn that Systems have been established, g) that the nery steps (an be taken to lessen these risks.
Philip Barker Charity Trustees. report (continued) For the year ended 31 October 2023 Str¢th goVern4n and m•tt•gem The Charlty Is iontmlled by its goveming doojment. a deed of tTUSt. and nStit an unlncorported charfjty. The Phlllp Barker Charity S a registertd charity. nunber l(4)0227. The Charity was eSthl$hed by tharitable trust deed on 10 Augu# 1990. The Trustees who Seed during the year and up tr) the dth of sIgnare of the finanoal 5tatsffnts were.. Slr Edmund Burton Mr T R A Groves Mrs J P E Groves Mr M Burton The objects of the chanty are the rellef of povty. adVaernent of educatk>n and the Chthsban relighjn, and other charitable purposes for the benefft of the coMun, through the making of grants to appropriate institutions and organisatiorts. The Trustees give special cr}nderatiOn to the furtheRnce of the objerts in the Clty of Chester a1 the County of Cheshire. Organi5ational sinKm The tTU5tees who seNed during the year aFMI Sn the year end a Set out on page l. Trustee5 a appolnred by the t)a of injstees following 4Yiscusgon of recommendation& They serye for a perlod of flve years, after which they may put tSVeS forward reappointmenL Grant alcatiOnS are collated and considered periodical. The Trv5tees' report was approved by the tsoard of Trustees. Sir Edmund Burton Tru¥t
Phllip Barker Charity Independent examlner's report To the Trustres of Philip Barker Charity report to the Trustees on my examination of the finatio ststements of Philip Bath Char6ty Ithe Chanty} for the year ended 31 ¢)dober 2023. Responsibilrtiu and basis of report s the Trustees of the Charity you are resp)n%ble for the prepaRtion of the financial statements in accordan with the requirements of the Ctharitie5 Act 2011 (the 2011 Act). I report In respett of my examinabon of the ChaFTty'S finanoal ststemerts carried out under section 145 of the 2011 Art. In carrylng out my examination I have followed all the applkable rettiOnS given by the Charity Comrni5sion under section 14515}(b} of the 2011 ACL Independent examlner's gtatement Your attenty.on is drawn to the fart that the tharty has prepar•Y finanrial ststements in accordan with Accounting and Repjrttng by Charities preparing their accwnts in accordorKe with the Financial Rewrbng Standard applicable in the UK ant1 Republtc of Ireland {FRS 102) in prferen to the Accountlng and Reporting by Charitie5: Statent of Recommended Prth issued on l April 2005 whith i8 referred to in the extsnt regulatksns has now been withdrawn. l understand that th¥s has been done in order for finanaal statements to provide a tnJe and fair view in accordan Ylith Generalfy N£¢epted Ac£ounbn9 Prnctice effective for reporting perlods beglnning on or after l January 2015. I have completed my examination. I confirm that no rnattew5 have come to my attention in connecknon wlth the exarninatK)n giving me cause to bdleve that in any materTral respect: accounting records were not kept in respect of the Ctharrty as required by sOn 130 of the 2011 Act,. or the financial statemt$ do not accord with those rethrds; or the financial statements do not coMY with the applicab uirements cortcerning the fomi and content of accounts set out In the CharFties {A(tounts and Reports) Re9uLatlons 2008 other than any requirement that the acajunts give a true and tsir view whth ts not a matter cOndered as part of an independent examination. I have no concerns and have come acn)ss no other matters In COnnOn wlth the examinatyon to whlch attention should be drawn in this rep)rt in order to enable a proper undertanding of the financial ststements to be rEacheil. DJH Ch•ster Umlt•d Mrn O D Lea FCCA Chester House Lloyd Drtve Cheshire Oaks Buslness Park Ellesmere Port Cheshire CH65 9HQ
Philip Barker Charity Statement of financial activities including income and expenditure account For the year ended 31 October 2023 fvnd¥ 2012 Investments 41.689 37.985 Raising funds 10,680 11.159 Charitsble a¢t6vllJes 167,420 56.822 Totsb eXperbd1Y¢ 178,100 67.981 Net galnslllossesl on Investments 23.OOL 190,7391 Il•t outgolng row)ur 1113.4101 1120.7351 other e¢wnled y*ln$ •nd losx Revaluation of fixed a55et inve51ments 127.3341 168.5371 Net movement in funds 1140.7441 1189.2721 Fund balances at l November 2022 1,776,554 1,965,826 Fund b•l•nces •t 31 Ortober 2023 1.635.810 1.776.554 The statement of nnanclal l[leS Indudes all 9alns and losses recthjnlsed In the year. All incorne and exp2rKliLure derive from continuing actr¥itie5.
Phlllp Barker Charity Balance sheet As at 31 October 2023 2023 2022 Flxed assets Investments 1,538.115 1.665,4r Curr•nt •M•ts Debtors Cash at bank ant1 in hantl 51.29S 48,320 94,224 18,748 .615 112.972 Cveditor5: aff¥ts falllfw due wlthln orte year 13 {1,920) {1.8241 Net eurrent assets 97.695 111,148 Total ass•ts ¢¥rr•nt Il•bHIII•s 1.635,810 1,776,554 Income futhds General unrestritted fun RevaluatSon resetrve 1,621.469 14.yl 1,734.879 41,675 1.635.810 1.776.554 1.635.810 1.776,554 The ffnanclal thtements We approved by the TrIst on ............ ,t 20 ILk Sir Edmund Burton
Philip Barker Charlty Notes to the financial statements For the year ended 31 October 2023 Aetountlng polld•s The finanaal statements have been prepared in accordance with the a)ariVs governing document, the Charitie5 Art 2011, FRS 102 Tr Finaroal Reporting 5trndard applicable in the UK and Republic of Iland~ I-FRS 102.1 and the lJafity¢s SORP"Accounting and Reporting by ChartLies". Statement of Recommended practi appliCate to chaTitie5 preporing their &tcounts In accordan with the Financial Reportlng StsThlard alcable in the UK and RePU1C of Ireland IFRS 1021. {effert(ve I January 2019}. The Charlty 15 a Public Benefft Enttty as defined by FRS 102. The Chaty has taken advantage of the provisions in the SORP for chariiies not to ppare a Statement of Cash FIov45. The finanaal Statern are prepared in trr•), which is the fvnrtional rrerV of the Charlty. Monetary amtyjnts In these flnandal staternts are roundeLI to the rwrest £. 1.2 Golng coiicern At the time of apprnving the financial stateme¥ts. the Trustees have a wsonable expectatlon that the Charity has adequate resourtes to o)ntinue in owabonal existen for the fortsttable fvt. Thus the Trustees Conllnue to adopt the gc4ng COnM basis of accounting in preparin9 the financial statements. 1.3 CMrflabl• funds Unrestrirted fvnds a avali al)le for use at the d&rJet6on of the Trustees in furtherance of their charitsble obJectyves. 1.4 InrA>me Income Is recogntsed wthen the Ch•rity is aHy entitled to it after any perfomwnce condltlons have been met. the aTh¥)unts can be na5ured reliatty. and it Is probable that Income wlll be received. All Incorning resources are induded tyi Ihe StatemÈnt of Finantial Activities when the charity is legally entlded to the Income and the amount ran be quantlfied wlth reaSonae accuracy. 1.5 Flxed asset Investments Fixed asset investments a initially measured * tra"On pn exduding trans&tion costs, and a subsequendy measured at fair value at each rep"ng date. Changes in trdir value èfe recogniseL1 In net Incomellexpenditure) for the year. TrdnsaLtw)n costs are expensed as Inrred. 1.6 Cash ush ¢qul¥•lents Cash and cash eouivalents indude cash In harK1. iJepo&ts held at call with banks. other short-tem) Ilquid investments wlth ortginal maturilles of three months or less. and bank ovtrdrafts. Bank overdrafts are shown within Èrfjrrowings in current liabilrties. 1.7 Vln•nd•l In•lruments The Charity has derted to the provisti)ns of Section 11 'Basic Financial Instrumen and Secuon 12'0ther Finanoal lnstrwts Issues. of FPS 102 to all of its financial instrufnents. Finanoal instrurnents are reccJnTrsed in the Charitys babante sheet wtwi the Chanty becomes party to the cofttractual provisions of the instrument. Financial assets and liabiltties are offse¢ with the net amounts presented in the finalal ststements. when there Ls a legalty enfCeable right to set off the rectyjnised amounts and the is an Intention to setNe on a net basis or to realise the ast and settle the liability gmuiraneously.
Philip Barker Charity Notes to the financial statements (contlnued) For the year ended 31 October 2023 Ac¢ountlng polld (C•rhtlnu¢d) Bast flnanoal assets, whith indude debtors and cash and bank batar$, are inttolly measu0 at transartion prlce Induding transaction costs and a subsequently carried at amortised cost using the effeLtive interest method unless the afTangemertt CWitiJt&s a financing transaLtiOn, Vlhere the transartion is meaSUd at the pnt value of the fiJttJre receipts discounted at a market rate of Interest Flnanclal assets das%fied as receNable within year are not allrtISed. ¢ Ilnandal HJWIItI•s Baslc financlal liats"1.e$. indudlng creditors aTrJ bank hmns are Initially recognlsed at transartSon price unless the arrangement conitvtes a financing transaclion, where the debt instrument is measured at the present value of the lubJre payments dixounted at a market wate of interest. Finanthal liabilities clasgfi&1 as payable wrthln one year are not amortised. Flnanclal Ilabilltyes are derecognised when the Charlty's contractual oblationS explre or are discharged or cancelled. 1.8 Employe b¢nefft% The cost of any unvse(J holit1ay entitlement Is [nl in the wiod in whith the employee's sery1 are rec£lved. Tem)iAation beneffts are reccgnised Immediaiety as an expense when the Charlty is demonstrabty committed to terminate the employment of an emp or to PTovlde tern7inaty.on beneftts. 1.9 Taxatlon The charty is exeJnFrt from tax on its chariiable activitie 1.10 Fund Unrestricted funds be used In accordarKe lth the charitable aLtieS at the dlscretlon of the trustees. Totsl funds 1023 2022 Income from listed Investsnts Intere5t- UK fixed interest secuiibes Interest re1¥able 37.954 3.670 65 34.056 3,926 41.689 37.985
Philip Barker Charity Notes to the flnanclal statements (contlnued) For the year ended 31 October 2023 Rlslng fvnds Total fund• 2023 2022 Investment management 10.680 11,159 10.680 11.159 Charltable actlvltles paid Grants pald 20 1022 Grant ftjnding of 3cti¥fties (see note Sl Share of governance costs (see note 71 165.500 1.920 S5.000 1.822 167,42 56,822 fjrants payable rjrnnts p•id pald 2023 2022 Grants to Insty"tutions: 165,500 55,000 The followrng grants We made to ertwrage ythrth actlvities. They were: £69.000 to the Gryphon Sch1 - to fvnd adventure training initiab"ve5 £20,000 to the YoLth FederatM)Tr - fund the North West peOt'S Cyber Safety programme £20,000 to the Youth Federath)n - to fund the Yotrth Unlted artiviti In Cheshire £10,000 to the Youth Federation - to Mnd in-depth cyber trdning £40,500 to the University of Chester- to fvnd the Philip Barker Cerrtre for Creative Leaming £6.000 to the DterS Emerwcy Committee Turkey-syria Earthquake Appeal None of the Trustees (or any persor6 comerted vilth them) reIVed any remuneravon or benefits from the Charity during the year.
Philip Barker Charity Notes to the financial statements (continued) For the year ended 31 October 2023 Independent examSnation relAudIt 995 995 925 995 827 Goveman Accountancy 925 1,920 1,920 1.822 Analysed betr4een Charltsble a(tyviti¢s 1.920 1.920 1.822 Governantr costs IrKludes payments to the auditoF5 of £995 12022 - £995) for independent examiner fees. Employees The average monthly number of employee5 the year was.. 2023 2022 Nurnber Numb•r Totsl There were no employees whose annual rwnuneratton TAas ffl0 thèn £60.000. Net 9•ins/(los8e•) •)n funds 2023 2022 Gain/{10551 Sale (A invesb))ents 23.(Kll 190.7391
Philip Barker Charity Notes to the financlal statements (continued) For the year ended 31 Ortober 2023 Cost or valuallo At l November 2022 Addltlons Valuation thanges Disposals 1,665,406 207.568 127.3341 {307.5251 At 31 Ottober 2023 1.538.ILS C•rrylng amount At 31 Ortober 2023 1.538.115 At 31 October 2022 1.665.406 11 Fin•thci•l in¥lrv 20 22 Carryln9 •moutht af flmthckil ass•is Instruments measured at fair value through or1055 1.538.115 1.665.406 l? Debtors 2022 Amounts laEIIThg due wlthln one year. Other debtor5 51,295 94.224 13 Credltor5: anbourts fa115ng due wlthln y••r 23 2022 other creditors 1.920 1,824 There were no di5dosable related party tran5artion5 durin9 the year {2022- none).