Charity number: 1063491 THE DOMINIC BARKER TRUST UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024
THE DOMINIC BARKER TRUST CONTENTS Pages Reference and Admlnistrative Details of the Charlty, its Trustees and Advisers Trustees, Report Independent Examiner's Report Statement of Financial Activities Balance Sheet 10 Notes to the Flnancial Statements
THE DOMINIC BARKER TRUST REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 5 APRIL 2024 Trustees Miss E L Barker Mr G W Barker Mr T Kramers Mrs C Chancellor Dr S Davis OBE Mrs S Aggelt Mr N Lieckfeldt Charlty reglstered number 1063491 Principal office Pound Close Holbrook Ipswi¢h Suffolk IP9 2RA Secretary Mr A G Baker Chairman Mr T Kramers Page 1
THE DOMINIC BARKER TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 5 APRIL 2024 The Trustees present their Annual Report together with the financial statements of The Dominic Barker Trust (the "Charity"} for the year ended 5 April 2024. The TrLbStees confirm that the Annual Report and financial statements of the Charity comply with the current statutory requirements. the requirements of the Charity's governing document and the provisions of the Statement of Recommended Practice, applicable lo charities preparing their accounts in ac¢ordan¢e with the"Charily SORP" Objectlves and activities a. Policies and objectives The primary objectives of the Charity are the advan¢emenl of education of the public in the causes and relief of stammering by means of funding research into stammering originally concentrated in East Anglia where the funding base began. With the growth and spread of the research and the attraction of wider funds the work of the charity has been done on a wider scale. In setting objectives and planning for activities, the Trustees have given due consideration lo general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit running a charity {PB2)'. b. Maln actlvltles undertaken to further the Charity's purposes for the public benefit The Trustees are aware of the need lo consider that the Dominic Bafker Trust is meeting Its obligation lo provide public benefit. Our objectives stated above show that this is our aim, and we endeavour to accomplish these objectives. While we concentrate on different age groups, we cover all communities. A¢hlevement$ and performanc8 Review of financial posltion The attached financial statements show the current state of the finances which the Tfustees consider to be satisfactory. For the year ended 5 April 2024 there was a net deficit of £498 (2023.. deficit of £13.7591. Reserves on bank deposit on that date were £104,924 12023 £105.431). Income for the year amounted lo £37,460 12023. £30.292} and expenditure amounted to £37,958 {2023.' £44,051). At the start of the year the current account with the Bank of Scotland stood al £75,313 and at the end of the year it stood at £44,036. The Bank of Scotland Deposit Account stood al £30,118 al 6 April 2023 and at £60.888 at S April 2024. The Charity's reserves are maintained at a level to ensure future funding levels Ihal have been agreed can be realistically fulfilled. b. Review of a¢tivitle5 The research undertaken in Ipswich has been cenlred on children who stammer, while that undertaken in Norwich was for adults who slammer. The widening of the research al UCL has covered children in S(Jffolk and London of all communities. The research at Newcastle University has been on adults in business and industry. The researchers have been encouraged and funded to attend and give presentations of their work at events such as the annual British Stammering Association meeting, the Qxford Dysfluency Conference, and other international events such as the International Conference in Lisbon. Page 2
THE DOMINIC BARKER TRUST TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 5 APRIL 2024 Achievements and performance (continued) In industry and business the reseafch work of Dr Clare Butler of Newcastle University Business School in previous years, funded by the Trust, Is proving Inslrumental in signing the direction and activities of the Employers Stammering Network IESN} founded by Mr lain Wilkie, a senior partner of EY (formerly Ernest & Young LLPI in coniunclion with Mr Norbert Lieckfeldl, Chief Executive of the British Stammering Association (BSA) Mr Wilkie addressed an open evening of the Charity at Universily Campus Suffolk {UCSI in Ipswich on the employment aspect of stammering research which has become a new aspect of the Charity's work. During the year 6 April 2014 to 5 April 2015 and since then the Charity has commenced funding a research project on the Pattern of Altentional Function In adult stammering by Dr Silviya Doneva of Essex University lo be done at UCS. Dr Doneva has worked with Sarah Coslelloe on her project which has been concluded and is being evaluated. Sarah's work will be circulated and archived at UCS and be made available for practitioners and future researchers in conjunction with Dr Stephen Davies and Professor Peter Howell of Kings College, London. The play pack by Isobel Pickering will shortly be in circulation. The research by Louise Helliker of British Telecom IB T) continues and uses irsformalion Gallected by Sarah Coslelloe The PHD project of Avin Mirawdeli of University College London on the creation of an electronic tool for the detection of future stammering in age five year old children in London and Suffolk on entering the education system has been Concluded. 11 fils with the work of Sarah C051elloe on the potential of very young children who do slammer lo emerge from stammering naturally on the one hand, or to need therapy on the other. Avin Mirawdeli and Professor Peter Howell of UCL have made presentations al the Oxford Disfluency Conference and al similar events In Lisbon and Edinburgh. The research al UCL and UCS by Naheem Bashir continues on stimulating the brain lo explain its impact on inteentIOn and the neural basis of continues on stuttering. A new programme of research by Bertan Demirel began at Sl Anne's College at Oxford University in October 2021 and is projected to last for three years. Since ils foundation in 1997 the Charity has more specifically sponsored or participated in the following:" Research by Isobel Pickering {nee Isobel Crichton Smith) al Suffolk College, and then on returning lo Clinical practice in Ipswich, together with Fiona Hamilton, on the Slartlstop project concenlraling on young children who stammer and help for them from parents al home, together with design and production of a play pack. Further named, the Star Talking project and assisted by Rachel Pennick an activity box was sent lo sixteen Suffolk families supported by phone Calls and research visits which is under continuing evaluation. 2. Research by Tamara Davidson Thompson at the University of East Anglia, for which she received a PhD for her work on the lopic "A Sutvey of Practice of Speech and Language Therapists who Work with People who Sluller She has now returned to practice as a therapist with the Norfolk Primary Care Trust. Her supervisor was Dr Jan McAllister of the University of East Anglia. 3. Research by Sarah Costelloe al University Campus Suffolk, in succession to Suffolk College, on children between the ages of two and five in order to identify the factors which may influence children lo develop persistent long term dysfluency as opposed to early Tecovery and an extended additional study lo investigate a possible connection between stuttering and attention which is ongoing with further study of the effect of parenlal influence on attention. The study involve5 40 children who stammer and a control of 40 children with normal fluency, all based in Suffolk. Page 3
THE DOMINIC BARKER TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Achievements and performance (continued) 4. She has been supervised by Professor Penny Cavenagh appointed by the University of Essex lo be Professor of Health and Enterprise al University Campus Suffolk and data analysis has been carried out by Dr Steve Davis of University College London. 5. Evaluation of a telephone assistive device {TAD}, produced by Voice-Amp of South Africa, to asslst people who slammer when using the phone. The evaluation was done In the United Kingdom by Dr Monica Bray of Leeds Metropolitan University and in South Africa by Dr Nola Walt of the University of Witwatersrand. 6. Support for research by Dr Per Alm In Sweden into Cluttering- the intermittent uttering of several words very rapidly beeen periods of silence- which is now being published. 7. To assist Speech and Language Therapists in Suffolk with their assessment and therapy with people who slarnrner the Trust bought in 2009 thirteen audio visual systems and loaned them out. The equipment was lo aid diagnosis and was not provided locally by the National Health SeNice. 8. Allendance of researchers and making presentations of their work for the Trust al local, national and international conferences al the Oxford Dysfluency Conference. Tours, Toulouse, Cardiff, Trinity College Dublin and Antwerp and also open and study days in conjunction with the British Stammering Association at Ipswich, Norwich and Cambridge. 9. Further lo the Bercow review 'Review of Services for Children and Young People with Speech, Language and Communication Needs attendance at a reception by the Speaker of the House of Commons, Mr John Bercow MP and a further reception held by Mr Norbert Lieckfeldt of the British Stammering Association al the House of Commons arranged by Mr Ed Balls MP for the launch of the Corporate Stammering Nelwork by the British Stammering Association, together with Mr lain Wilkie, SenioT Partner of Human Resources at EY (formerly Ernst & Young LLP) 10. Open Evenings for publicity and for fund-raising at Suffolk College and University Campus Suffolk. the Royal Hospital School at Holbrook, addressed by Mr John Bercow MP, Orwell Park School hosted by the Chairman of Suffolk Coastal District Council, Rotary Inlernalional, Harkstead Community Council, St Andrews Church, Chelmondislon, Magdalene College School, Oxford, Marlborough College and Englefield House, Berkshire. 11. New research by Avin Mirawdeli of University College London supervised by Professor Peter Howell as three year PhD Pfoie¢t lo design a diagnostic tool for tests to distinguish fluent children al the school reception stage of five year olds from those who have or will have fluency communication disorders including possible reading and writing difficulties. Six hundred children al receplion classes in London and Suffolk are being tested. She is now doing further research al Cambridge University. 12. Additional research by Louise Helliker of BT in conjunction with Sarah Costelloe's project in paragraph 3 above using a system called Semantria which analyses the attitude of a speaker or writer in respect of topics menlioned or Ihe overall contents of a conversation and is of particular relevance to young children. 13. Building on the strong family relationships built up under that project over several years and on the fact that only 10 of the original 43 children are still stullering. further questionnaire research. A parent's altitude study, the first of ils kind in the UK, is being done to establish what parents think are or were the causes of their child's slammer, Ihe coping strategses they used and what were their experiences of the therapy. 14. Research by Dr Clare Butler enlilled "Stammering and the Work Place" using qualitative research to elicit details of the employment experiences of people who slammer with a view to establishing proper employment practices in business and industry for staff with speech difficulties and avoidance of discrimination against such staff and with the intention of conlribuling to the Corpofate Stammering Network. This is of special relevance to job Interviews and seleclion for promotion. Page 4
THE DOMINIC BARKER TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Achlevements and performance (continued) 15. The Trust was awarded an honorary degree from the University of East Anglia at University Campus Suffolk for its support for research al the College and elsewhere. In the twenty one year5 since its foundation in 1997, the Charity has raised over £840,000 and has spent over £740,000, first on research based al Suffolk College, Ipswich, then at the University of East Anglia IUEA) in Norwich, and now also at University Campus Suffolk {UCSI in Ipswich. University College London (UCL), Newcastle University Business School, Cambridge University and elsewhere. The Charity would also like lo thank the very many individuals and organisations, some of whom know first hand the impact stammering can have on peoples, lives. for their generous donations and support over the years. Recent supporters include.. Allorian Chartered Accountants Bill Fone Pollilzer Charity - Farrer Brown Trust - Harkstead Community Council Holbrook Gardens Angling Club - Holbrook Gardens Shooters - Holbrook Methodist Church - Holbrook Parish Council - Inner Wheel District Committee - Keith Walkerdine's Legacy - Magdalen College School Oxford Merlin School Orwell Park School - RJV Cadbury Charitable Trust - Royal Hospital School - Sir James Reckilt Trust- Sir Robert Gooch Trust - Sl Andrews Chur¢h Chelmondiston - Suffolk Life Charitable Foundation - Suffolk Lones Suffolk Provincial Grand Charity - Suffolk Trefoil Guild - The Rotary International Conference 2011 Willis Charity - Elstree School. The research connected with the Telephone Assistive Device {TADI produced by Alan Falck and undertaken by Monica Bray (Leeds Metropolitan University) and Nola Walt Iwilswalersrand SAI has demonstrated positive results. However, subsequent use in marketable products has not been achieved as yel. In Sweden, the publicalions by Dr Per Alm continue with acknowledgement to the support of the Charily. Flnanclal review a. Going concern After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future, being a period of at least 12 months from the dale of approval of these financial stalemenls. For this reason. they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies. b, Reserves policy The reseNes policy is to hold sufficient money either in a bank deposit account or the current account to fund all expenditure in current and future years before any programme of expendilure is undertaken. c. Risk management The Trustee's have conducted their own review of the major risks to which the Charsty is exposed and systems have been established to miligale those risks Where the Charity has need for additional funding for specific projects a strategic plan is developed which allows for the diversifi¢ation of funding and activities Internal risks are minimised by the Implementation of procedures for the authorisation of all Iran5aclions and projects and to ensure consislenl quality of delivery for all operational aspects of the Charity These procedures are reviewed annually to ensure they slill meet the needs of the Charity. Page 5
THE DOMINIC BARKER TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Structure, governance and management a. Constitution The Dominic Barker Trust 15 a registered charity, number 1063491, and is consliluted under a Trust deed. b. Methods of appointment or electlon of Trustèes The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed. c. Pay pollcy for key management personnel The Charity as a funder of research has no employees and its Trustees, who are all professionals, receive no remuneration for their qualifying services. The Charity has minimal overheads. Plans for future perlods al Following the award of a PHD to Avin Mirawdeli al University College London for hef research in Ipswich and London on children aged 5 starting Primary School, further consideration is being given lo a concluding study by her at Cambridge University for measuring the outcome of the prediction5 in the earlier study. b) The research by Naheem Bashir al UCL for a PHD which involved additional study in the use of N.l.R.S. funded by a Bogue Research Fellowship has concluded and he has now submitted his Thesis for evaluation. His PhD has now been awarded and he is a trustee of the British Stammering Association (now known as Stammal, and Is doing further research which the trust Is not funding. c} The involvement of the Charity with the Employers Slammerin9 Network run by lain Wilkie of EY (formerly Ernst and Young LLP) and Norbert Lieckfeldl of the British Stammering Association involved a grant by the Trust of £3,000 for work by a post-graduate student at City University under the guidance of Professor Victoria Joffe. the Associate Dean, School of Health Sciences, Languages and Communication, Norbert Lieckfeldt has now retired from the British Stammering Association and has been succeeded by Jane Powell. dl The work of the network goes widely into induslry and business and ils programrne entitled 'Re-defining Stammering at Work, is carried out in the employment world independently from university research. el Research by Dr Clare Butler of New¢3511e University Business School on Ihe work by speech and language teachers, which has involved presentations at Manchester Business School and the British Sociological Association In Leeds and elsewhere will continue, Q The learning book for young children who stammer prepared by Isobel Pickering 'The Star Talking Workbook, has now been completed and a print run will be funded by the Charity. g) The research on stammering in industry by Louise Helliker will continue based on her experiences within her time at BT as an employee. h} Research at Cambridge University by Avin Mirawdeli to follow up her research referenced In la) above in Ipswich and London being done in conjunction with Dr Jenny Gibson at the Faculty of Education in Cambridge. This research continues. Page 6
THE DOMINIC BARKER TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED S APRIL 2024 Plans for future perlods (continued) i) Subject to satisfactory progress the Charity intends lo contribute £1,000 a year for three years to the British Stammering Association to assist research generally. j} Dr 8ertans' research will continue more widely. Statement of Trustees, responsibilities The Trustees are responsible for preparing the Trustees, Report and the financial slalements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Pra¢ti¢e}. The law applicable lo charities in England & Wales requires the Tru51ees to prepare financial statements for each financial which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources. including ils income and expenditure, for that period. In preparing these financial statements, the Trustees are required to: select suitable accounting policies and then apply them consislenlly, observe the methods and principles of the Charities SORP IFRS 102}', make judgments and accounting eslimales that are reasonable and prudent., slate whether applicable UK Accounting Standards IFRS 1021 have been followed, subject to any material departures disclosed and explained In the financial slalements. and prepare the financial slalements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy al any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approv by rder of the members of the Board of Trustees and signed on their behalf by.. r T Kramers (Chair of Trustees) Date. Page 7
THE DOMINIC BARKER TRUST INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 5 APRIL 2024 Independent Examiner's Report to the Trustees of The Dominic Barker Trust I'the Charlty'l I report to the Charity's Trustees on my examination of the financial statements of the Charity for Ihe year ended 5 April 2024 which comprise the Statement of Financial Activities, Ihe Balance Sheet and related notes. This report is made solely to the Charity's Trustees, as a body. in accordance with section 145 of the Charities Acl 2011. My work has been undertaken so that I might stale lo Ihe Charity's Trustees those matters l am required to slate lo them In this report and for no other purpose. To the fullest extent permilled by law, I do not accept or assume responsibility lo anyone other than the Charity and the Charity's Trustees as a body. for my work, for this report, or for the opinions I have formed. Responsibllities and Basis of Report As the Trustees of the Charity you are responsible for the preparation of the Financial Statements in accordance with the requirements of the Charities Act 2011 {'Ihe Acl'l. I report in respect of my examination of the Charity's financial statements carried out under section 145 of the Act and in Carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 14515llbl of the Act. An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the financial stalemenls. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently l express no opinion as to whether the financial slalemenls present a 'Irue and fair. view and my report is limited lo those specific mallers set out in the Independent Examiner's Slalement. Independent Examiner's Slatement I have completed my examination. I confirm that no matters have come lo my attention in connection with the examination giving me cause to believe that in any malerial Tespecl. accounting records were not kept in respe¢l of the Charity as required by section 130 of the Act, or the financial statements do not accord with those records, or the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial stalemenls give a 'true and fair, view which is not a matter considered as part of an independent examination. 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. Signed Emma Clifton Dated 5 February 2025 FCCA Scrutton 81and Limited Chartered Accountants Fitzroy House Crown Street Ipswich IP1 3LG Page 8
THE DOMINIC BARKER TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2024 Unrestricted funds 2024 Total funds 2024 Total funds 2023 Notes Income from: Donations and legacies Investment income 36,690 770 36,690 770 30.199 93 Total income 37,460 37,460 30,292 Expenditure on: Raising funds Charitable activities 780 37,178 780 37.178 1,530 42,521 Total expendlture 37,958 37,958 44,051 Net movement in funds 1498) 14981 {13.759) Reconclliation of funds: Total funds brought forward Net movement in funds 108,772 {4981 108,772 14981 122.531 113,759) Total funds carried fonvard 108,274 108,274 108,772 The Statement of Financial A¢livities includes all gains and losses recognised in both the current and prior years. The notes on pages 11 to 17 form part of these financial statements. Page 9
THE DOMINIC BARKER TRUST BALANCE •HEET AS AT S APRIL 2024 2024 2023 Notes Current assots D&blor6 Cash al baiik and in hand 6,540 104,924 5,421 105,431 11Q,464 110,852 Creditors-, ainounls falling dLie wllhin one year 10 12,190) (2,0801 Net curreiit a$sot6 Total assets lesg current Ilabllltlès bellig i)et as86ts 108,274 108,772 108,274 108,772 Charlty funds ReslriclÈd funds Unroslri¢ted lund8 ',08,274 108,772 Total fuiids 108,274 108,772 Th& financial slaleinenlg were approved and aulhorised tor issue by tha l-rusl6os and signed ¢n Ilieir behalf by.. Kramers (Chair of Tru$lees) Dalo.. Mr G WBarkor (Trustee) ¢vy The notes pn pago$ 1 to 17 form part ol Ihes& financial sl8lem8nls. Page 10
THE DOMINIC BARKER TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2024 General information The Dominic Barker Trust Ilhe 'Charily"l is a registered charity. number 1063491, and is constituted under a Trust deéd. The principal office is Pound Lane, Holbrook, Ipswich, Suffolk, IP9 2RA. Accounting policies 2.1 Basis of preparation of financial statements The financial statements have been prepared in accordance with the Charities SORP (FRS 1021 Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102} (effective 1 January 2015}, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011. The financial slalemenls have been prepared lo give a 'true and fair, view and have departed from the Charities {Accounls and Reports) Regulations 2008 only lo the extent required to provide a 'true and fair, view. This departure has involved following the Charities SORP IFRS 1021 published on 16 July 2014 rather than the Accounting and Reporting by Charities: Slatemenl of Recommended Practice effective from 1 April 2005 which has since been withdrawn. The Dominic Barker Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised al historical cost or transaction value unless OtheiSe slated in the relevant accounting policy. 2.2 Income All Income is recognised once the Charity has enlitlemenl lo the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. For legacies. enlillement is taken as the earlier of the dale on which either.. the Charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executorlsl lo the Charity that a distribution will be made, or when a distribution is received from the eslale. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor's intention to make a distribution. Where legacies have been notified to the Charity, or the Charily is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material. Income tax recoverable in relation lo donations received under Gift Aid or deed5 of covenant is recognised at the lime of the donation. Income tax recoverable in relation to investment income is recognised at the time the investment income is re¢eivable. Page11
THE DOMINIC BARKER TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 Accounting policies (continued) 2.3 Expendlture Expenditure is recognised once there is a legal or conslructive obligation to transfer economic benefit to a third party. Il is probable that a transfer of economic benefits will be required In settlement and the amount of the obligation can be measured reliably. Expendilure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs atlribulable to a single activity are allocated directly to that activity. Shared Costs which contribute lo more than one aclivity and support costs which are not altribulable lo a single activity are apportioned between Ihose activities on a basis consislenl with the use of rescurces. Central staff costs are allocated on the basis of lime spent. and depreciation charges allocated on the portion of the asset's use. Governance costs are those incurred in conne¢lion with administration of the charity and compliance with constitutional and statutory requirements. Charitable activities and Governance costs are costs incurred on the Charity's educational operation5, including support costs and costs relating lo the governance of the Charity apportioned to charitable activities. All expenditure is inclusive ol irrecoverable VAT. 2.4 Interest receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity, this is normally upon notification of the interest paid or payable by the bank. 2.5 Debtors Trade and other debtors are recognised al the settlement amount after any trade discount offered. Prepayments are valued al the amount prepaid net of any trade discounts due. 2.6 Cash at bank and in hand Cash al bank and in hand includes cash and short-lerm highly IiqLtid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 2.7 Llabilitles and provi510flS Liabilities are recognised when there is an obligation at Ihe Balance Sheet dale as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount thal the Chanty anticipates it will pay to settle the debt or the amount il has received as advanced payments for the goods or services it musl provide. Provisions are measured at the best estimate of the amounts required lo settle the obligation. Where the effect of the time value of money is material. the provision is based on the present value of those amounts. discounted at the pre-tax discount rale that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost. Page 12
THE DOMINIC BARKER TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 Accounting policies {continued) 2.8 Financial Instruments The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subseguenlly measured al their settlement value with the exception of bank loans which are subsequently measured al amortised cost using the effective interest method. 2.9 Fund accounting General funds are unrestricted funds which are available for use at Ihe discretion of the Trustees in furtherance of the general obieclives of the Charity and which have not been designated for other purposes. Investment income, gains and losses are allocated to the appropriate fund. Income from donations and legacies Unrestricted funds 2024 Total funds 2024 Total funds 2023 Donalions Donations Ilax recoverable) Donation5 14,968 17,938 14,968 17,938 7,005 21,385 32,906 32,906 28.390 Income tax recoverable 3,784 3,784 1,809 Total 2024 36.690 36,690 30,199 Total 2023 30,199 30,199 Page 13
THE DOMINIC BARKER TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 Investmenl income Unrestricted funds 2024 Total funds 2024 Total funds 2023 Bank inleresl received 770 770 93 Total 2023 93 93 Analysis of expendlture on charitable activities Summary by fund type Unrestricted funds 2024 Total 2024 Total 2023 Direct cosls 37,178 37,178 42,521 Total 2023 42,521 42,521 Analysis of expenditure by actlvities Activities undertaken directly 2024 Support costs 2024 Total funds 2024 Total fund$ 2023 Direct costs 35.542 1,636 37,178 42,521 Total 2023 41,031 1,490 42.521 Page 14
THE DOMINIC BARKER TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 Analysis of expendlture by activities (continued) Analysis of direct costs Total funds 2024 Total funds 2023 Activities 2024 University research costs Newsletter costs 35,192 350 35,192 350 41,031 35,542 35,542 41,031 Total 2023 41.031 41,031 Analysis of support cosls Tolal funds 2024 Total funds 2023 Actlvltles 2024 Accountancy Just Giving fees Website costs 1,147 216 273 1,147 216 273 1,000 216 274 1,636 1,636 1,490 Total 2023 1,490 1,490 Independent examlnerfs remuneration 2024 2023 Fees payable to the Charity's Independent Examiner for the independent examination of the Charity's financial statements 1,170 1,080 Page 15
THE DOMINIC BARKER TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 Trustees, remuneration and expenses During the year, none of the Trustees received any remuneration or other benefits for their qualifying services 12023 £Nil). During the year ended 5 April 2024. no Trustee expenses were incurred12023- £NIL), Debtors 2024 2023 Due withln one year Other debtors 5,540 5,421 10. Creditors: Amounts falling due within one year 2024 2023 Other creditors 2,190 2,080 11. Statement of funds Statement of funds - current year Balance at 6 Aprll 2023 Balance at 5 April 2024 Income Expenditure Unrestricted funds General Funds- all funds 108.772 37,460 137,9581 108,274 Statement of funds - prior year Balance at 1 April 2022 Balance at Income Expenditure 5 April 2023 Unrestricted funds General Funds- all funds 122,531 30,292 (44,051) 108,772 Page 16
THE DOMINIC BARKER TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2024 12. Analysis of net assets between funds Analysis of net assets between funds . current perlod Unrestricted funds 2024 Total funds 2024 Current assels Creditor5 due within one year 110,464 (2,190) 110,464 12,190> Total 108,274 108,274 Analysis of net assets between funds - prior period Unrestricted funds 2023 Total funds 2023 Current assets Creditors due within one year 110,852 (2,080) 110,852 12,0801 Total 108,772 108,772 Page 17