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Company registration number: 04462901 Charity registration number: 1094570
## BARNABAS - SAFE & SOUND
(A company limited by guarantee)
Annual Report and Financial Statements
for the Year Ended 31 March 2023
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## **Barnabas - Safe & Sound**
## **Contents**
|Trustees' Report|1 to 10|
|---|---|
|Reference and Administrative Details|11|
|Independent Examiner's Report|12|
|Statement of Financial Activities|13|
|Statement of Financial Activities|14|
|Balance Sheet|15|
|Notes to the Financial Statements|16 to 27|
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## **Barnabas - Safe & Sound**
## **Trustees' Report**
## **Structure, governance and management**
## _**Arrangements for setting key management personnel remuneration**_
The board, who give their time freely and no trustees received remuneration in the year, have considered who the Key Management Personnel (KMP) of the charitable company, as noted in the Reference and Administration section. Together with the board, these KMP are those in charge of directing and controlling, running and operating the activities of the charity on a day to day basis. The pay of the KMP is reviewed annually and normally increased in accordance with average earnings. The trustees benchmark against pay levels of other charities and similar organisations within the sector and the region. Pay levels are set using this information together with budget and forecast information, ensuring that the charitable company can afford any proposed increases. The board then agree any uplift to remuneration.
## **Objectives and activities**
## _**Fundraising disclosures**_
The charity is required to report how it deals with fundraising from the public. The charity does not use a professional fundraiser or commercial participator to raise funds. Any monies raised direct from the public follows all guidelines set out by the Charity Commission and UK law in every respect. We respect the privacy and contact preferences of all public donors.
## _**Public benefit**_
See disclosure within the Directors report.
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
## **Going concern**
The trustees have prepared a budget and cashflow forecast and have concluded that the charity continues to be a going concern for the foreseeable future. On that basis they have continued to adopt the going concern basis when preparing the financial statements.
9
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## **Barnabas - Safe & Sound**
## **Trustees' Report**
## **Statement of Trustees' Responsibilities**
The trustees (who are also the directors of Barnabas - Safe & Sound for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The annual report was approved by the trustees of the charity on 22/11/2023.................... and signed on its behalf by:
Kate Johnstone 22 Nov 2023 14:26:45 GMT (UTC +0)
......................................... Ms K Johnstone Trustee
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## **Barnabas - Safe & Sound**
## **Reference and Administrative Details**
## **Trustees**
Mr G Lee Mrs E Shields Mr J Jones Ms K Johnstone Ms H C Morrell (resigned 27 March 2023) Mr A R Guest (resigned 16 October 2023) Mr T Armstrong
**Key Management Personnel** Mrs H Brown, Manager Mrs G Monaghan, Finance officer
**Registered Office**
Wellwood House Dark Lane Morpeth Northumberland NE61 1SU
The charity is incorporated in England and Wales.
**Company Registration Number** 04462901 **Charity Registration Number** 1094570 **Independent Examiner** Simon Brown BA ACA DChA Azets Audit Services Bulman House Regent Centre Gosforth Newcastle upon Tyne NE3 3LS
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## **Barnabas - Safe & Sound**
## **Independent Examiner's Report to the trustees of Barnabas - Safe & Sound ("the Company")**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2023.
## **Respective responsibilities of trustees and examiner**
As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of Barnabas - Safe & Sound 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 your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner’s statement**
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 Barnabas - Safe & Sound as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts 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 accounts 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.
Simon Brown 24 Nov 2023 09:03:12 GMT (UTC +0)
...................................... Simon Brown BA ACA DChA Azets Audit Services Bulman House Regent Centre Gosforth Newcastle upon Tyne NE3 3LS
Date:.............................24 November 2023
Azets Audit Services is a trading name of Azets Audit Services Limited.
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## **Barnabas - Safe & Sound**
## **Statement of Financial Activities for the Year Ended 31 March 2023 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)**
|**Note**
**Income and Endowments from:**
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investment income
6
Other income
7
Total Income
**Expenditure on:**
Charitable activities
8
Total Expenditure
Net (expenditure)/income
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
21|**Unrestricted**
**£**
9,207
116,472
10,715
7
-
136,401
(214,087)
(214,087)
(77,686)
(77,686)
485,809
408,123|**Restricted**
**£**
58,780
-
-
-
-
58,780
(40,084)
(40,084)
18,696
18,696
17,629
36,325|**Total**
**2023**
**£**
67,987
116,472
10,715
7
-
195,181
(254,171)
(254,171)
(58,990)
(58,990)
503,438
444,448|**Total**
**2022**
**£**
24,277
153,448
11,672
6
140|
|---|---|---|---|---|
|||||189,543|
|||||(245,682)|
|||||(245,682)|
|||||(56,139)|
|||||(56,139)
559,577|
|||||503,438|
All of the charity's activities derive from continuing operations during the above two periods.
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## **Barnabas - Safe & Sound**
## **Comparative Statement of Financial Activities for the Year Ended 31 March 2022 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)**
|**Note**
**Income and Endowments from:**
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investment income
6
Other income
7
Total Income
**Expenditure on:**
Charitable activities
8
Total Expenditure
Net expenditure
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
21|**Unrestricted**
**£**
7,675
153,448
11,672
6
140
172,941
(200,778)
(200,778)
(27,837)
(27,837)
513,646
485,809|**Restricted**
**£**
16,602
-
-
-
-
16,602
(44,904)
(44,904)
(28,302)
(28,302)
45,931
17,629|**Total**
**2022**
**£**
24,277
153,448
11,672
6
140|
|---|---|---|---|
||||189,543|
||||(245,682)|
||||(245,682)|
||||(56,139)|
||||(56,139)
559,577|
||||503,438|
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## **Barnabas - Safe & Sound**
## **(Registration number: 04462901) Balance Sheet as at 31 March 2023**
|**Note**
**Fixed assets**
Tangible assets
15
**Current assets**
Debtors
16
Cash at bank and in hand
17
**Creditors: Amounts falling due within one year**
18
**Net current assets**
**Total assets less current liabilities**
**Creditors: Amounts falling due after more than one year**
19
**Net assets**
**Funds of the charity:**
**Restricted**
**Unrestricted income funds**
Unrestricted
**Total funds**
21|**2023**
**£**
482,445
14,047
30,272
44,319
(10,192)
34,127
516,572
(72,124)
444,448
36,325
408,123
444,448|**2022**
**£**
484,483
13,673
91,130|
|---|---|---|
|||104,803
(8,657)|
|||96,146|
|||580,629
(77,191)|
|||503,438|
|||17,629
485,809|
|||503,438|
For the financial year ending 31 March 2023 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 charity to obtain an audit of its accounts for the year in question in accordance with section 476; and
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements on pages 13 to 27 were approved by the trustees, and authorised for issue on ....................22/11/2023 and signed on their behalf by:
Kate Johnstone 22 Nov 2023 14:26:45 GMT (UTC +0)
......................................... Ms K Johnstone Trustee
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## **Barnabas - Safe & Sound**
## **Notes to the Financial Statements for the Year Ended 31 March 2023**
## **1 Charity status**
The charity is limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £10 towards the assets of the charity in the event of liquidation.
The address of its registered office is: Wellwood House, Dark Lane, Morpeth, Northumberland, NE61 1SU
## **2 Accounting policies**
## **Summary of significant accounting policies and key accounting estimates**
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
## **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 (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). They also comply with the Companies Act 2006 and Charities Act 2011.
## **Basis of preparation**
Barnabas - Safe & Sound meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
## **Going concern**
The trustees have prepared budgets and a forecast which gives them adequate comfort that the charitable company is a going concern. Therefore the trustees are of the view that the charitable company has sufficient resources for at least the next 12 months (from the date of approving the financial statements). As a result the charitable company's financial statements have been prepared on a going concern basis.
## **Estimation uncertainty and judgements**
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported.There are considered to be no significant judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies which effect the amounts recognised in the financial statements
## **Income and endowments**
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.
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## **Barnabas - Safe & Sound**
**Notes to the Financial Statements for the Year Ended 31 March 2023**
## _**Donations and legacies**_
Voluntary income including donations, gifts and legacies and grants that provide core funding or are of general nature are recognised where there is entitlement, probable receipt and the amount can be measured with sufficient reliability. Such income is only deferred when:
- The donor specifies that the grant or donation must only be used in future accounting periods; or
- The donor has imposed conditions which must be met before the charity has unconditional entitlement.
## _**Grants receivable**_
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.
## _**Gift aid**_
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
## _**Investment income**_
Investment income is recognised on a receivable basis.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
## _**Other income**_
Housing management and support services income is recognised for the period in which the income is earned.
Rental income is recognised as income for the period rent is due.
Youth Club income is recognised as activities are undertaken.
## **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.
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.
## _**Raising funds**_
Expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
## _**Charitable activities**_
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.
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## **Barnabas - Safe & Sound**
## **Notes to the Financial Statements for the Year Ended 31 March 2023**
## **Support costs**
Support costs have been differentiated between governance costs and other support costs. Governance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice. These costs include costs related to the statutory audit and other costs with an apportionment of overhead and support costs.
## **Governance costs**
Governance costs and support costs relating to charitable activities have been apportioned as set out in the Support Costs note.
## **Taxation**
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
## **Tangible fixed assets**
Individual fixed assets costing £250.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
## **Depreciation and amortisation**
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset.
**Asset class Depreciation method and rate** Land and buildings 2% straight line Fixtures and fittings 25% straight line Motor vehicles 25% straight line
## **Trade debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
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## **Barnabas - Safe & Sound**
## **Notes to the Financial Statements for the Year Ended 31 March 2023**
## **Trade creditors**
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provision are normally recognised at their settlement amount after allowing for any trade discounts due.
## **Fund structure**
Unrestricted funds comprise those funds which the trustees are free to use for any purpose in furtherance of the charitable objects.
Unrestricted funds include designated funds, where the trustees, at their discretion, have created a fund for a specific purpose.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
## **Pensions and other post retirement obligations**
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
## **3 Income from donations and legacies**
|Donations and legacies;
Donations from individuals
Grants, including capital grants;
Grants
Donations and legacies;
Donations from individuals
Grants, including capital grants;
Grants|**Unrestricted**
**funds**
**General**
**£**
8,207
1,000
9,207
**Unrestricted**
**funds**
**General**
**£**
5,675
2,000
7,675|**Restricted**
**funds**
**£**
-
58,780
58,780
**Restricted**
**funds**
**£**
345
16,257
16,602|**Total**
**2023**
**£**
8,207
59,780|
|---|---|---|---|
||||67,987|
||||**Total**
**2022**
**£**
6,020
18,257|
||||24,277|
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## **Barnabas - Safe & Sound**
## **Notes to the Financial Statements for the Year Ended 31 March 2023**
## **4 Income from charitable activities**
|Housing management
Housing support services
Housing management
Housing support services
**5**
**Income from other trading activities**
Youth work
Property rental income
Youth work
Property rental income|**Unrestricted**
**funds**
**General**
**£**
109,629
6,843
116,472
**Unrestricted**
**funds**
**General**
**£**
148,112
5,336
153,448
**Unrestricted**
**funds**
**General**
**£**
172
10,543
10,715
**Unrestricted**
**funds**
**General**
**£**
846
10,826
11,672|**Total**
**2023**
**£**
109,629
6,843|
|---|---|---|
|||116,472|
|||**Total**
**2022**
**£**
148,112
5,336|
|||153,448|
|||**Total**
**2023**
**£**
172
10,543|
|||10,715|
|||**Total**
**2022**
**£**
846
10,826|
|||11,672|
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## **Barnabas - Safe & Sound**
## **Notes to the Financial Statements for the Year Ended 31 March 2023**
## **6 Investment income**
|Interest receivable and similar income;
Interest receivable on bank deposits
Interest receivable and similar income;
Interest receivable on bank deposits
**7**
**Other income**
Gains on sale of tangible fixed assets for charity's own use|**Unrestricted**
**funds**
**General**
**£**
7
7
**Unrestricted**
**funds**
**General**
**£**
6
6
**Total**
**2023**
**£**
-|**Total**
**2023**
**£**
7|
|---|---|---|
|||7|
|||**Total**
**2022**
**£**
6|
|||6|
|||**Total**
**2022**
**£**
140|
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## **Barnabas - Safe & Sound**
## **Notes to the Financial Statements for the Year Ended 31 March 2023**
## **8 Expenditure on charitable activities**
|Housing management
Housing support services
Floating support
Core
Support costs
Youth work|**Unrestricted**
**funds**
**General**
**£**
63,794
71,659
6,942
51,349
15,865
4,478
214,087|**Restricted**
**£**
-
9,202
-
13,504
-
17,378
40,084|**Total**
**2023**
**£**
63,794
80,861
6,942
64,853
15,865
21,856
254,171|**Total**
**2022**
**£**
61,806
76,327
11,341
62,913
7,920
25,375|
|---|---|---|---|---|
|||||245,682|
£214,087 (2022 - £200,778) of the above expenditure was attributable to unrestricted funds and £40,084 (2022 - £44,904) to restricted funds.
## **9 Analysis of governance and support costs**
## **Raising funds expenditure**
## **Governance costs**
|Independent examiner fees
Examination of the financial statements
Legal fees
Independent examiner fees
Examination of the financial statements
Legal fees
Professional and legal fees|**Unrestricted**
**funds**
**General**
**£**
4,200
11,665
15,865
**Unrestricted**
**funds**
**General**
**£**
3,240
3,778
902
7,920|**Total**
**2023**
**£**
4,200
11,665|
|---|---|---|
|||15,865|
|||**Total**
**2022**
**£**
3,240
3,778
902|
|||7,920|
## **Allocation of support costs**
The charitable company allocates costs direct to activities as far as possible, then identifies the remaining costs of its support functions. It then identifies those costs which relate to the governance function. Having identified its governance costs, the remaining support costs together with the governance costs are apportioned between the key charitable activities undertaken in the year.
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## **Barnabas - Safe & Sound**
## **Notes to the Financial Statements for the Year Ended 31 March 2023**
## **10 Net incoming/outgoing resources**
Net outgoing resources for the year include:
|Depreciation of fixed assets|**2023**
**£**
36,147|**2022**
**£**
33,767|
|---|---|---|
## **11 Trustees remuneration and expenses**
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
No trustees have received any reimbursed expenses or any other benefits from the charity during the year.
## **12 Staff costs**
The aggregate payroll costs were as follows:
|**Staff costs during the year were:**
Wages and salaries
Social security costs
Pension costs|**2023**
**£**
116,054
4,456
3,825
124,335|**2022**
**£**
120,600
4,577
3,741|
|---|---|---|
|||128,918|
The monthly average number of persons (including senior management team) employed by the charity during the year was as follows:
|Provision of charitable services staff
Administrative staff|**2023**
**No**
9
2
11|**2022**
**No**
10
2|
|---|---|---|
|||12|
No employee received emoluments of more than £60,000 during the year.
The total employee benefits of the key management personnel of the charity were £63,210 (2022 - £58,779).
## **13 Independent examiner's remuneration**
|Examination of the financial statements|**2023**
**£**
4,200|**2022**
**£**
3,240|
|---|---|---|
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## **Barnabas - Safe & Sound**
## **Notes to the Financial Statements for the Year Ended 31 March 2023**
## **14 Taxation**
The charity is exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
## **15 Tangible fixed assets**
|**Cost**
At 1 April 2022
Additions
Transfers
At 31 March 2023
**Depreciation**
At 1 April 2022
Charge for the year
At 31 March 2023
**Net book value**
At 31 March 2023
At 31 March 2022|**Land and**
**buildings**
**£**
569,433
30,207
18,000
617,640
148,893
11,790
160,683
456,957
420,540|**Furniture and**
**equipment**
**£**
110,678
3,902
(18,000)
96,580
46,735
24,357
71,092
25,488
63,943|**Total**
**£**
680,111
34,109
-|
|---|---|---|---|
||||714,220|
||||195,628
36,147|
||||231,775|
||||482,445|
||||484,483|
24
VirtualSignature Transaction Ref. 5DJ6-JWKL-B4XV 24 Nov 2023 09:03:14 GMT (UTC +0) D 3/3 P 27/29
## **Barnabas - Safe & Sound**
## **Notes to the Financial Statements for the Year Ended 31 March 2023**
## **16 Debtors**
|Trade debtors
Prepayments
Accrued income|**2023**
**£**
7,475
-
6,572
14,047|**2022**
**£**
13,527
146
-|
|---|---|---|
|||13,673|
Trade debtors are stated after a bad debt provision of £Nil (2022: £1,181).
## **17 Cash and cash equivalents**
|**17 Cash and cash equivalents**|||
|---|---|---|
|Cash at bank
**18 Creditors: amounts falling due within one year**
Bank loans
Other creditors
Accruals
**19 Creditors: amounts falling due after one year**
Bank loans|**2023**
**£**
30,272
**2023**
**£**
5,027
965
4,200
10,192
**2023**
**£**
72,124|**2022**
**£**
91,130|
|||**2022**
**£**
4,726
610
3,321|
|||8,657|
|||**2022**
**£**
77,191|
Included within creditors more than one year is an amount of £48,443 (2022: £54,979) in respect of liabilities payable or repayable by installments which fall due for payments after more than five years from the reporting date. Interest is charged at 6.5%.
The bank loans due more than one year relate to mortgages on the properties held and there is a legal charge against such properties.
## **20 Commitments**
## **Other financial commitments**
The total amount of other financial commitments not provided in the financial statements was £Nil (2022 - £1,106).
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VirtualSignature Transaction Ref. 5DJ6-JWKL-B4XV 24 Nov 2023 09:03:14 GMT (UTC +0) D 3/3 P 28/29
## **Barnabas - Safe & Sound**
## **Notes to the Financial Statements for the Year Ended 31 March 2023**
## **21 Funds**
|**Unrestricted funds**
**_General_**
General funds
**_Designated_**
Building Maintenance
Fund
**Total unrestricted funds**
**Restricted funds**
Youth Work Provision
**Total funds**|**Balance at**
**1 April**
**2022**
**£**
475,809
10,000
485,809
17,629
503,438|**Incoming**
**resources**
**£**
136,401
-
136,401
58,780
195,181|**Resources**
**expended**
**£**
(204,087)
(10,000)
(214,087)
(40,084)
(254,171)|**Transfers**
**£**
-
-
-
-
-|**Balance at**
**31 March**
**2023**
**£**
408,123
-|
|---|---|---|---|---|---|
||||||408,123
36,325|
||||||444,448|
The specific purposes for which the funds are to be applied are as follows:
## Youth Work Provision
This funding is held in the repsect of the provision of youth activities.
## Property Maintenance Fund
£10,000 has been designated to cover potential ongoing costs in maintaining the property.
## **22 Analysis of net assets between funds**
## **Unrestricted**
||**Unrestricted**|||
|---|---|---|---|
|Tangible fixed assets
Net current assets/(liabilities)
Creditors over 1 year
Total net assets|**General**
**£**
482,445
(2,198)
(72,124)
408,123|**Restricted**
**£**
-
36,325
-
36,325|**Total funds**
**at 31 March**
**2023**
**£**
482,445
34,127
(72,124)|
||||444,448|
26
VirtualSignature Transaction Ref. 5DJ6-JWKL-B4XV 24 Nov 2023 09:03:14 GMT (UTC +0) D 3/3 P 29/29
## **Barnabas - Safe & Sound**
## **Notes to the Financial Statements for the Year Ended 31 March 2023**
## **Unrestricted**
|Tangible fixed assets
Net current assets/(liabilities)
Creditors over 1 year
Total net assets|**General**
**£**
484,483
68,517
(77,191)
475,809|**Designated**
**£**
-
10,000
-
10,000|**Restricted**
**£**
-
17,629
-
17,629|**Total funds**
**at 31 March**
**2022**
**£**
484,483
96,146
(77,191)|
|---|---|---|---|---|
|||||503,438|
## **23 Related party transactions**
During the year the charity made the following related party transactions:
## **Trustees**
During the year the charity received donations totalling £120 from trustee G Lee (2022 - £170 from P Cook and G Lee).
During the year the charity received membership fees totalling £30 from K Johnstone and E Shields. At the balance sheet date the amount due to/from Trustees was £Nil (2022 - £Nil).
27