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2025-04-05-accounts

CHARITY REGISTRATION NUMBER: 1086153

The Barratt Family Charitable Trust Unaudited financial statements

5 April 2025

The Barratt Family Charitable Trust

Financial statements

Year ended 5 April 2025

Page
Trustees' annual report 1
Independent examiner's report to the trustees 5
Statement of financial activities 7
Statement of financial position 8
Notes to the financial statements 9

The Barratt Family Charitable Trust

Trustees' annual report

Year ended 5 April 2025

The trustees present their report and the unaudited financial statements of the charity for the year ended 5 April 2025.

The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity's governing document, the Charities Act 2011 and Accounting and Reporting by Charities: 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 published in October 2019.

Reference and administrative details

Registered charity name The Barratt Family Charitable Trust Charity registration number 1086153 Principal office Ollands Farm Heydon Norwich NR11 6RB

The trustees

The trustees who served during the year and at the date of approval were as follows:

Mr C W L Barratt Mr W J Barratt Mrs C Barratt Mr S C L Barratt Independent examiner Mark Proctor FCA DChA Lovewell Blake LLP Chartered accountants Bankside 300 Peachman Way Broadland Business Park Norwich NR7 0LB

- 1 -

The Barratt Family Charitable Trust

Trustees' annual report (continued)

Year ended 5 April 2025

Objectives and activities

The objects of the charity are, for the benefit of the public, to support such charitable purposes as the trustees shall in their absolute discretion see fit. In particular, distributions will be made to registered charities (with a strong bias to Norfolk) that the Barratt family know of and would like to support.

Grant-making policy

The trustees meet when required to consider and approve expenditure in accordance with the object of the Charity.

Public benefit

The trustees have had due regard to the Charity Commission's guidance on public benefit.

Achievements and performance

During the year the Trustees made charitable grants of £130,500 (2024: £133,650).

Financial review

Unrestricted fund income totalled £133,671 (2024: £135,966). After making grants totalling £133,000 (2024: £133,650) and incurring administration costs of £2,473 (2024: £2,352) net expenditure for the year before investment gains/losses amounted to £1,802 as shown on page 6 (2024: net expenditure of £36). After losses on investments of £106,971 (2024: gains £73,871) the net expenditure for the year was £108,773 (2024: net income £73,835).

Reserves policy

At the year end the charity had free reserves of £10,993 (2023: £12,817), with a further £1,186,473 (2024: £1,293,422) held in its investment portfolio. The trustees will aim to build up income to make major donations when applicable, but all income will be distributed as and when appropriate.

Investment policy

The trustees will invest the charity's surplus funds in quality equities for long term rising income.

Plans for future periods

The charity will continue to make grants in accordance with its objectives.

Trustees

Members of the board of trustees who served during the period and up to the date of this report are set out on page 1. All trustees held office throughout the period.

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The Barratt Family Charitable Trust

Trustees' annual report (continued)

Year ended 5 April 2025

Structure, governance and management

Governing document

The Barratt Family Charitable Trust was established under a Declaration of Trust dated 17 December 2000, as amended on 17 October 2018. The Trust was registered with the Charity Commission (registration no 1086153) on 12 April 2001.

Recruitment and appointment of trustees

In accordance with the Declaration of Trust, any future trustees must be appointed by resolution of the Trustees. The minimum number of trustees is three.

Induction and training of trustees

All new trustees will be provided with copies of:

New trustees are encourage to read the Charity Commission guidance notes The Essential Trustee - "What you need to know, what you need to do".

In addition, trustees are encouraged to read Charity Commission and other newsletters and to attend courses designed to keep them abreast of their duties and responsibilities.

Risk management

The trustees consider that there are no major strategic or business risks which would affect the ongoing operation of the Charity.

Organisational structure

The trustees administer the charity, and meet twice a year to consider the applications received for funding and to authorise payment of the grants approved.

True and Fair override

The accounts (financial statements) have been prepared to give a "true and fair" view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a "true and fair view". This departure has involved following Accounting and Reporting by charities by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 rather than Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

Independent examiner

Mark Proctor FCA DChA was appointed as independent examiner during the year and will be reappointed for the ensuing year.

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The Barratt Family Charitable Trust

Trustees' annual report (continued)

Year ended 5 April 2025

The trustees' annual report was approved on 16 September 2025 and signed on behalf of the board of trustees by:

Mr C W L Barratt Trustee

- 4 -

The Barratt Family Charitable Trust

Independent examiner's report to the trustees of The Barratt Family Charitable Trust

Year ended 5 April 2025

I report to the charity trustees on my examination of the financial statements of the charity for the year ended 5 April 2025 which comprise the statement of financial activities, statement of financial position and the related notes.

Responsibilities and basis of report

As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).

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 all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

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

  1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or

  2. the financial statements do not accord with those records; or

  3. the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

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The Barratt Family Charitable Trust

Independent examiner's report to the trustees of The Barratt Family Charitable

Trust (continued)

Year ended 5 April 2025

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.

Your attention is drawn to the fact that the Charity has prepared the accounts (financial statements) in accordance with Accounting and Reporting by Charities: 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has since been withdrawn.

I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

Mark Proctor FCA DChA Independent Examiner

Lovewell Blake LLP Chartered accountants Bankside 300 Peachman Way Broadland Business Park Norwich NR7 0LB

18 September 2025

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The Barratt Family Charitable Trust

Statement of financial activities

Year ended 5 April 2025

2025 2025 2024
Unrestricted
funds Total funds Total funds
Note £ £ £
Income and endowments
Donations and legacies 4 100,041 100,041 100,000
Investment income 5 33,630 33,630 35,966
ৄৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄৄ
Total income 133,671 133,671 135,966
৶৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶
Expenditure
Charitable activities 6 (135,473) (135,473) (136,002)
ৄৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄৄ
Total expenditure (135,473) (135,473) (136,002)
৶৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶
Net (expenditure)/income and net movements in funds
before gains and losses on investments (1,802) (1,802) (36)
Net (losses)/gains on investments 7 (106,971) (106,971) 73,871
ৄৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄৄ
Net (expenditure)/income and net movement in funds (108,773) (108,773) 73,835
৶৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶
Reconciliation of funds
Total funds brought forward 1,306,239 1,306,239 1,232,404
ৄৄৄৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄৄৄৄ
Total funds carried forward 1,197,466
৶৶৶৶৶৶৶৶৶৶৶
1,197,466
৶৶৶৶৶৶৶৶৶৶৶
1,306,239
৶৶৶৶৶৶৶৶৶৶৶

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 9 to 15 form part of these financial statements.

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The Barratt Family Charitable Trust

Statement of financial position

5 April 2025

2025 2024
Note £ £ £ £
Fixed assets
Investments 11 1,186,473 1,293,422
Current assets
Debtors 12 975
Cash at bank and in hand 13,411 14,080
ৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄ
13,411 15,055
Creditors: Amounts falling due within
one year 13 (2,418) (2,238)
ৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄ
Net current assets 10,993 12,817
ৄৄৄৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄৄৄৄ
Total assets less current liabilities 1,197,466 1,306,239
ৄৄৄৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄৄৄৄ
Net assets 1,197,466 1,306,239
৶৶৶৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶৶৶
Funds of the charity
Unrestricted funds 1,197,466 1,306,239
ৄৄৄৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄৄৄৄ
Total charity funds 14 1,197,466 1,306,239
৶৶৶৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶৶৶

These financial statements were approved by the board of trustees and authorised for issue on 16 September 2025, and are signed on behalf of the board by:

Mr C W L Barratt Trustee

The notes on pages 9 to 15 form part of these financial statements.

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The Barratt Family Charitable Trust

Notes to the financial statements

Year ended 5 April 2025

1. General information

The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is Ollands Farm, Heydon, Norwich, NR11 6RB.

2. Statement of compliance

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: 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 issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Accounting Practice.

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair view'. This departure has involved following the Accounting and Reporting by Charities: 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 issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The charity constitutes a public benefit entity as defined by FRS 102.

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 measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity, and rounded to the nearest £.

Going concern

There are no material uncertainties about the charity's ability to continue.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.

Income

All income is 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:

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The Barratt Family Charitable Trust

Notes to the financial statements (continued)

Year ended 5 April 2025

3. Accounting policies (continued)

Expenditure

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:

Investments

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

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 the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

4. Donations and legacies

Unrestricted Total Funds Unrestricted Total Funds
Funds 2025 Funds 2024
£ £ £ £
Donations
Donations 100,041 100,041 100,000 100,000
৶৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶
5. Investment income
Unrestricted Total Funds Unrestricted Total Funds
Funds 2025 Funds 2024
£ £ £ £
Income from listed investments 33,630 33,630 35,966 35,966
৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶

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The Barratt Family Charitable Trust

Notes to the financial statements (continued)

Year ended 5 April 2025

6. Expenditure on charitable activities by activity type

Grant funding Total funds Total fund
of activities Support costs 2025 2024
£ £ £ £
Grants paid (note 17) 133,000 133,000 133,650
Bank charges 55 55 114
Governance costs 2,418 2,418 2,238
ৄৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄৄ
133,000 2,473 135,473 136,002
৶৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶
Analysis of governance costs:
Unrestricted Total Funds Unrestricted Total Funds
Funds 2025 Funds 2024
£ £ £ £
Independent examination fees 2,418 2,418 2,238 2,238
৶৶৶৶৶৶ ৶৶৶৶৶৶ ৶৶৶৶৶৶ ৶৶৶৶৶৶
7. Net (losses)/gains on investments
Unrestricted Total Funds Unrestricted Total Funds
Funds 2025 Funds 2024
£ £ £ £
Gains/(losses) on other investment
assets (106,971) (106,971) 73,871 73,871
৶৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶
8. Independent examination fees
2025 2024
£ £
Fees payable to the independent examiner for:
Independent examination of the financial statements 2,418 2,238
৶৶৶৶৶৶ ৶৶৶৶৶৶
9. Staff costs

No salaries or wages have been paid to employees during the year (2024: £Nil).

10. Trustee remuneration and expenses

No salaries or wages have been paid to the Trustees during the year (2024: £Nil).

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The Barratt Family Charitable Trust

Notes to the financial statements (continued)

Year ended 5 April 2025

11. Investments

Cash or cash Listed
equivalents investments Total
£ £ £
Cost or valuation
At 6 April 2024 4,437 1,288,985 1,293,422
Additions 310,477 310,477
Disposals (317,529) (317,529)
Fair value movements (106,971) (106,971)
Other movements 7,074 7,074
ৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄৄৄৄ
At 5 April 2025 11,511 1,174,962 1,186,473
৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶৶৶
Impairment
At 6 April 2024 and 5 April 2025
৶৶৶৶৶৶৶৶৶৶৶
Carrying amount
At 5 April 2025 11,511 1,174,962 1,186,473
৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶৶৶
At 5 April 2024 4,437 1,288,985 1,293,422
৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶৶৶

All investments shown above are held at valuation.

Financial assets held at fair value

The fair value of listed investments is determined by reference to the quoted price for these assets in an active market at the balance sheet date.

12. Debtors

2025 2024
£ £
Other debtors 975
৶৶৶৶ ৶৶৶৶
13. Creditors: Amounts falling due within one year
2025 2024
£ £
Accruals and deferred income 2,418 2,238
৶৶৶৶৶৶ ৶৶৶৶৶৶

14. Analysis of charitable funds

Unrestricted funds

Unrestricted funds
Gains and At
At 6 April 2024 Income Expenditure losses 5 April 2025
£ £ £ £ £
General funds 1,306,239 133,671 (135,473) (106,971) 1,197,466
৶৶৶৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶৶৶
Gains and
At 6 April 2023 Income Expenditure losses At 5 April 2024
£ £ £ £ £
General funds 1,232,404 135,966 (136,002) 73,871 1,306,239
৶৶৶৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶৶৶

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The Barratt Family Charitable Trust

Notes to the financial statements (continued)

Year ended 5 April 2025

15. Analysis of net assets between funds

Unrestricted Total Funds
Funds 2025
£ £
Investments 1,186,473 1,186,473
Current assets 13,411 13,411
Creditors less than 1 year (2,418) (2,418)
ৄৄৄৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄৄৄৄ
Net assets 1,197,466 1,197,466
৶৶৶৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶৶৶
Unrestricted Total Funds
Funds 2024
£ £
Investments 1,293,422 1,293,422
Current assets 15,055 15,055
Creditors less than 1 year (2,238) (2,238)
ৄৄৄৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄৄৄৄ
Net assets 1,306,239 1,306,239
৶৶৶৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶৶৶

16. Related parties

Donations of £100,041 (2024: £100,000) were received from Ollands Investments Ltd, a company of which C W L Barratt, S C L Barratt and W J Barratt are directors.

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The Barratt Family Charitable Trust

Notes to the financial statements (continued)

Year ended 5 April 2025

17. Grants

2025 2024
£ £
Matthew Project 2,000 1,000
Yana 3,000 1,000
School Readers 1,000
Childhood First 2,000 1,000
Buckingham Emergency Food Appeal 500
Holt Youth Project 2,000 1,500
Aylsham and District Care Trust 500 500
St. Martin's Housing Trust 2,000 2,000
Break 1,000 1,000
Musical Keys 500
Song Bird Survival 500
North Norfolk Community Transport 500 500
Purfleet Trust 2,000 1,000
Heron Trust 1,000
Headway 1,000
County Trust 500 1,000
Kings Lynn Night Shelter 1,000
Littlelifts 1,000
East Anglian Art Foundation 1,000
NCF - Nourishing Norfolk 2,000
Norfolk Heart Foundation 2,000
Stepping Stones 500 500
Eating Disorders 1,000
Great Yarmouth Minster 1,000
It's On The Ball 500
My Black Dog 1,000
Mind 1,000
Sue Lambert Trust 1,000
Great Ormond Street Hospital 1,000 1,000
Cambridge Children's Hospital 50,000
Thornage Hall 50,000
NANSA 1,000
The Bircham Centre 500
The Magdalene Group 1,000
222 Broadlands Squadron 650
Wellbeing for Women 1,500 1,500
Connects & Co 500
Norfolk Churches Trust 500
Eating Matters 1,000
EACH 1,000
East Anglian Air Ambulance 500
Nancy Oldfield 500
Big C Cancer Appeal 100,000
Le Paradise Memorial Appeal 500
Shine 500
Norwich Theatre 500
Tapping House: Norwich Hospice 1,000
R.N.A.D Children Education 1,000
Burnham Overy Harbour Trust 1,000
Heritage House 500
Royal Norfolk Regiment Museum 2,500
Hebron House 1,000
Priscilla Bacon Hospice Care 2,000

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The Barratt Family Charitable Trust

Notes to the financial statements (continued)

Year ended 5 April 2025

ৄৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄৄ 133,000 133,650 ৶৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶

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