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Charity registration number 1094570
Company registration number 04462901 (England and Wales)
BARNABAS - SAFE & SOUND
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
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BARNABAS - SAFE & SOUND
LEGAL AND ADMINISTRATIVE INFORMATION
| Trustees | Mr G Lee |
|---|---|
| Ms E Shields | |
| Mr J Jones | |
| Charity number | 1094570 |
| Company number | 04462901 |
| Registered office | Wellwood House |
| Dark Lane | |
| Morpeth | |
| Northumberland | |
| NE61 1SU | |
| Independent examiner | Simon Brown BA ACA DChA |
| Azets Audit Services | |
| Bulman House | |
| Regent Centre | |
| Gosforth | |
| Newcastle Upon Tyne | |
| NE3 3LS | |
| Key Management Personnel | Mrs H Brown, Manager |
| Mrs G Monaghan, Finance officer |
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BARNABAS - SAFE & SOUND
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 10 |
| Independent examiner's report | 11 |
| Statement of financial activities | 12 - 13 |
| Statement of financial position | 14 - 15 |
| Notes to the financial statements | 16 - 27 |
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BARNABAS - SAFE & SOUND
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2025
The trustees present their annual report and financial statements for the year ended 31 March 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's memorandum and articles of association, the Companies Act 2006 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 (FRS 102)" (effective 1 January 2019).
Objectives and activities
Fundraising disclosure
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 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.
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 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 charaties 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.
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
Mr T Armstrong (Resigned 5 November 2024) Mr G Lee Ms E Shields Mr J Jones Ms K Johnstone (Resigned 8 June 2025)
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BARNABAS - SAFE & SOUND
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
Statement of trustees' responsibilities
The trustees, who are also the directors of Barnabas - Safe & Sound for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.
In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity 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 charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees' report was approved by the Board of Trustees.
.............................. 0302B2B8B32C4F8. Mr J Jones Trustee
12 November 2025 Date: .............................................
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DIRECTORS' REPORT 2024/2025 Supporting young people as they transition to adulthood, through the provision of youth work and supported housing
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WHAT WE DO
Vision: Giving young people a place.
Approach: We work with young people to understand their short, medium and long-term priorities and challenges, to enable us to provide a service that is unique to them.
Adding Real Value: Our whole ethos is about providing a safe space and a professional team of staff who will listen to, and understand the needs of every individual young person.
LEGAL STATUS & AREA OF BENEFIT
We are a registered charity: No 1094570 We are also a Company Limited by Guarantee: No 04462901 Our area of benefit is Northumberland.
GOVERNANCE & LEADERSHIP
The Board of Directors (who are also Charity Trustees), consists of four members with individual roles and shared accountability for the strategic direction, the fiduciary responsibility and the prudent governance of the charitable company.
During the year the Directors have held 4 board meetings. The Charity held its Annual General Meeting on Wednesday 19th March 2025 where the financial year 2023/2024 was reviewed - annual accounts and charity performance was shared with its members.
FOREWARD
On behalf of the Board of Trustees, I present our Director's Report for 2024-2025. This year has been one of reflection. The many challenges and changes within society is having a profound impact on young people, including financial, mental, and physical health, and just having somewhere safe to live. Media, compounds these issues, giving young people a reality to strive for that for most parts does not exist.
So, we have been questioning what it is we do and why does it matter. How can we meet the needs of our young people in the community that has real impact. Prevention is the key word here; this is a word that has been lost over the last 10 years. With endless cuts in funding to frontline services, most of which worked with young people to give them the skills and resilience they need to become active members of their communities, budgets and targets are now focused on paying for things once they have gone wrong. As you will imagine at a greater cost to the public purse.
This year we decided to shine a light on our youth work project, we employed a youth development lead to focus developing a project that meets the needs of the young people in our community; one which opens opportunities for them to thrive and have the resilience to deal with our ever-changing society. Our youth work is our commitment to prevention, and it is developing at quite a rate, having that positive impact on our young people.
However, we are still mindful that there will always be a need for our Supported Accommodation project, as we have had another year of high occupancy and consistent referrals coming in. New regulation specifically for Supported Accommodation is coming our way so towards the end of this year we have looked at ways to develop our current team to meet these new standards and raise the quality and effectiveness of what we do.
Young people continue to be at the heart of our current priorities. We are immensely proud of our team, volunteers, and supporting partners. We could not have achieved this success without the ongoing support of our community, Charitable Trusts, and those who donated, fundraised, and volunteered to help us deliver our support to young people, we thank you all most sincerely.
Hayley Brown Manager
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14
Number of Number of referrals from young people under 18 years housing referrals 2024-2025 Number of referrals from young people 18 years and over
0
14
2
We began the year with 11 bed spaces. We ended the year with 10 bed spaces as 1 young person Number of took over a Barnabas tenancy. young people Supported accommodation occupancy was 95%. We had young people who who moved in were ready to move on, but could not access affordable accommodation. 95% Whilst, this has a positive impact on occupancy we are mindful of the reasons.
Positive moves to independence Number of Moving on is an integral part of a resident’s support plan. young people 2 who moved on There were no negative move on’s during the year. Our Warnings Procedure was implemented to address any housing issues.
2
This represents the income generated from the provision of our supported accommodation and housing management services. £193,791
After finding myself homeless at 16, I was offered a placement with Barnabas, and I truly believe that with the support I received, it helped shape my future for the better.
I left school with no qualifications and lacked the belief I could turn my life around. I also struggled with addictions, Young People Moved on this led to my relationship breakdown with my family.
Barnabas helped me in all aspects of my life and signposted me to the relevant support services. They also helped me to repair relationships with my family and worked with both myself and my parents.
I am now a qualified mental health nurse after going back to college, then university. I hope I can support and help people the way Barnabas helped me.
The stage between being a child and an adult for me was the hardest thing and it can be hard, and scary! Trying to find your feet in the world and fit in - it is hard! I am forever grateful to Barnabas for not giving up on me and for giving me the support I needed to learn, develop and grow into the person I an now because my story could have been very different.
Former Resident
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The main issues experienced by young people in housing crisis:
Lack of Affordable Rough Sleeping Family Breakdown Mental Health & Welfare &
Accommodation and Sofa Surfing & Relationships Emotional benefits
Wellbeing
Access to Lack of food and Access to housing
Access to banking Budgeting and
healthcare basic essentials deposits and
managing bills
services guarantees
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YOUTH WORK
For young people aged 11 to 19 years.
Our youth work team are trained to keep young people safe. We understand what is important to young people. We promise to always listen, because we value their thoughts, feelings and opinions.
TOTAL INTERACTIONS
1005
Summer Activities
15 sessions delivered 225 interactions
Creative Group
26 sessions delivered 152 interactions
Friday Night Youth Club
20 sessions delivered 346 interactions
Partnership work with New Life Christian Centre Morpeth
1 session delivered 9 interactions
Detached Youthwork
15 sessions delivered 243 interactions
(of which 42 were detailed conversations)
Partnership work with Northumberland College
1 session delivered 30 interactions
IMPACT:
We have developed an outcomes system to demonstrate impact against the charity’s stated objectives. Examples of this include:
Looking at online safety and the dangers of being approached on various sites. Working with young people to show more compassion and empathy for other cultures.
Challenging young people who attempt to harm others. Discussions about body image / weight loss and the importance of a balanced diet and exercise.
- Encouraging young people to understand the value of money.
Working actively with a group of young people about how best to deal with examples of bullying.
Staff Appointment
In November 2024, Ashley Brown joined the Youth Work team as Youth Development and Training Lead. He has helped Barnabas to champion young people, giving them opportunities to develop skills, find positive role models and most importantly have fun during their time with Barnabas Safe and Sound.
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FINANCIAL OVERVIEW
£ 240,560 INCOME FOR THE YEAR £ 219,469 EXPENDITURE FOR THE YEAR RESTRICTED FUNDING
£6,098 restricted funding brought forward from 2023/2024 £22,251 additional restricted funding received during the year. £20,537 of restricted funding spent during the year. £7,813 carried forward to 2025/2026.
HOW DID WE SPEND OUR RESTRICTED FUNDS IN 2024/2025?
£ 14,83314,833 YOUTH WORK & PROJECTSYOUTH WORK & PROJECTS
£ 3,5003,500 HOUSINGHOUSING
£ 2,2042,204 CORE OFFICE ACTIVITIESCORE OFFICE ACTIVITIES
FINANCIAL GOVERNANCE AND RESERVES
Our appointed Treasurer liaised with the Finance Officer regarding day to day processing and reporting. Finances are reported to the Board to assist them in their decision making, and to continually review our strategic plan.
Our current policy is to maintain free reserves equivalent to three months' operational costs of £30,000. The Board of Trustees will review this policy annually, and may alter the amount stated to ensure the Charity continues to meet its financial obligations, whilst demonstrating resilience when managing unforeseen financial situations.
Continued development of our policy will assist Barnabas Safe & Sound in their strategic planning and budgeting process, and will inform the risk management process by identifying uncertainty in future income streams.
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ACKNOWLEDGEMENTS
The work we do is made possible by the fantastic support we receive from our community, the young people with whom we work, charitable trusts and all those who choose to support us by volunteering, sponsoring our efforts, giving their time, and their money to invest in our vision, mission and values. We are truly grateful.
We would like to thank the following organisations who have supported us financially in 2024-2025.
We would like to thank the following organisations who have worked in partnership with us in 2024-2025
NCC Community Chest Morpeth Town Council Joseph Strong Fraser Trust The Community Foundation
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Wellesley Fund
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Riverbank Foundation
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Giving Network Sir James Knott Trust Rotary Club of Morpeth Armstrong Hall Christian Fellowship Karbon Homes Elsie Davis Trust Northumberland Youth Work Alliance The National Lottery Community Fund
We also acknowledge the support we received from those individuals who
give/donate to Barnabas regularly. Your kindness and support is most appreciated.
Northumberland County Council
- Adult Services - Housing Department Morpeth Town Council Bernicia Housing Advance Northumberland Wellbeck Estates Department for Work & Pensions King Edward VI School Yoga Den Morpeth Inside Morpeth More in Morpeth Me & Alan LASP Outdoors Thinky Dinky Do CEO Sleepout Wansbeck Valley Foodbank Young Carers New Life Christian Centre Northumberland College
Lastly, we give special acknowledgement to all the young people who continue to inspire us with your imagination, ideas, and enthusiasm. Thank you.
Barnabas Safe & Sound, Wellwood House, Dark Lane, Morpeth, Northumberland, NE61 1SU Telephone: 01670 517721 / Email: admin@barnabasne.org.uk Website: www.barnabas-northumberland.org.uk
Charity Registration No: 1094570 / Company Limited by Guarantee 04462901
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BARNABAS - SAFE & SOUND
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BARNABAS - SAFE & SOUND
I report to the trustees on my examination of the financial statements of Barnabas - Safe & Sound (the charity) for the year ended 31 March 2025.
Responsibilities and basis of report
As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).
Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable 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 that in any material respect:
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1 accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
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2 the financial statements do not accord with those records; or
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3 the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
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4 the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Simon Brown BA ACA DChA
Azets Audit Services Bulman House Regent Centre Gosforth Newcastle Upon Tyne NE3 3LS 12 November 2025 Dated: .........................
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BARNABAS - SAFE & SOUND
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
Current financial year
| Unrestricted Restricted funds funds 2025 2025 Notes £ £ Income from: Donations and legacies 3 19,426 22,251 Charitable activities 4 193,791 - Other trading activities 5 5,091 - Investments 6 1 - Total income 218,309 22,251 Expenditure on: Charitable activities 7 198,932 20,537 Net income/(expenditure) for the year/ Net movement in funds 19,377 1,714 Fund balances at 1 April 2024 401,291 6,099 Fund balances at 31 March 2025 420,668 7,813 |
Total 2025 £ 41,677 193,791 5,091 1 240,560 219,469 21,091 407,390 428,481 |
Total 2024 £ 45,867 170,443 3,966 8 220,284 257,342 (37,058) 444,448 407,390 |
|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
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BARNABAS - SAFE & SOUND
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
| Prior financial year Unrestricted Restricted funds funds 2024 2024 Notes £ £ Income from: Donations and legacies 3 19,340 26,527 Charitable activities 4 170,443 - Other trading activities 5 3,966 - Investments 6 8 - Total income 193,757 26,527 Expenditure on: Charitable activities 7 200,589 56,753 Net income/(expenditure) for the year/ Net movement in funds (6,832) (30,226) Fund balances at 1 April 2023 408,123 36,325 Fund balances at 31 March 2024 401,291 6,099 |
Total 2024 £ 45,867 170,443 3,966 8 220,284 257,342 (37,058) 444,448 407,390 |
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BARNABAS - SAFE & SOUND
STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025
| Notes Fixed assets Tangible assets 14 Current assets Debtors 15 Cash at bank and in hand Creditors: amounts falling due within one year 17 Net current assets Total assets less current liabilities Creditors: amounts falling due after more than one year 18 Net assets Income funds Restricted funds 19 Unrestricted funds Unresricted funds |
2025 £ 483 68,087 68,570 (12,285) 420,668 |
£ 433,294 56,285 489,579 (61,098) 428,481 7,813 420,668 428,481 |
2024 £ 3,812 32,243 36,055 (12,135) 401,291 |
£ 450,213 23,920 474,133 (66,743) 407,390 6,099 401,291 407,390 |
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BARNABAS - SAFE & SOUND
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2025
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2025.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
12 November 2025
The financial statements were approved by the Trustees on .........................
.............................. 0302B2B8B32C4F8. Mr J Jones
Trustee
Company registration number 04462901
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BARNABAS - SAFE & SOUND
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1 Accounting policies
Charity information
Barnabas - Safe & Sound is a private company 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 registered office is Wellwood House, Dark Lane, Morpeth, Northumberland, NE61 1SU.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's memodandum and articles of association, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Donations
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
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.
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NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
1 Accounting policies
(Continued)
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 receivable basis.
Income tax recoverable in relation to investment income is recognised for the period in which the income is earned.
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.
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure 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 attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
1.6 Tangible fixed assets
Tangible fixed assets costing £250 or more are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Land and buildings 2% straight line Fixtures and fittings 25% straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Impairment of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
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NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
1 Accounting policies
(Continued)
1.9 Financial instruments
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
1.10 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.11 Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
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NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
2 Critical accounting estimates and judgements
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
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NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
3 Donations and legacies
| Unrestricted Restricted funds funds 2025 2025 £ £ Donations from individuals 17,926 - Grants 1,500 22,251 19,426 22,251 |
Total Unrestricted Restricted funds funds 2025 2024 2024 £ £ £ 17,926 12,678 - 23,751 6,662 26,527 41,677 19,340 26,527 |
Total 2024 £ 12,678 33,189 |
|---|---|---|
| 45,867 |
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Docusign Envelope ID: D7DB5D2D-74DD-48FF-B028-AF6E1BF4004A
BARNABAS - SAFE & SOUND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
4 Charitable activities
| Unrestricted | Unrestricted |
|
|---|---|---|
| funds | funds | |
| 2025 | 2024 | |
| £ | £ | |
| Housing management | 193,791 | 167,284 |
| Housing support services | - | 3,159 |
| 193,791 | 170,443 |
5 Other trading activities
| **Unrestricted ** | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2025 | 2024 | |
| £ | £ | |
| Property rental income | 4,861 | 3,775 |
| Youth work | 230 | 191 |
| Other trading activities | 5,091 | 3,966 |
6 Investments
| **Unrestricted ** | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2025 | 2024 | |
| £ | £ | |
| Interest receivable | 1 | 8 |
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Docusign Envelope ID: D7DB5D2D-74DD-48FF-B028-AF6E1BF4004A
BARNABAS - SAFE & SOUND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
7 Charitable activities
| Unrestricted Restricted 2025 2025 £ £ House management 100,278 - Housing support services 17,199 3,500 Floating support - - Core 58,063 2,204 Youth work 18,604 14,833 194,144 20,537 Share of governance costs (see note 8) 4,788 - 198,932 20,537 Analysis by fund Unrestricted funds 198,932 - Restricted funds - 20,537 198,932 20,537 |
Total 2025 Unrestricted Restricted 2024 2024 £ £ £ 100,278 73,118 - 20,699 47,922 9,855 - 6,998 - 60,267 59,758 11,434 33,437 8,233 35,464 214,681 196,029 56,753 4,788 4,560 - 219,469 200,589 56,753 198,932 200,589 - 20,537 - 56,753 219,469 200,589 56,753 |
Total 2024 £ 73,118 57,777 6,998 71,192 43,697 |
|---|---|---|
| 252,782 4,560 |
||
| 257,342 | ||
| 200,589 56,753 |
||
| 257,342 |
8 Support costs
| Examination of the financial statements Analysed between Charitable activities |
Support costs Governance costs £ £ - 4,788 - 4,788 - 4,788 |
2025 £ 4,788 4,788 4,788 |
2024 £ 4,560 |
|---|---|---|---|
| 4,560 | |||
| 4,560 |
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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Docusign Envelope ID: D7DB5D2D-74DD-48FF-B028-AF6E1BF4004A
BARNABAS - SAFE & SOUND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
| 9 Net movement in funds Net movement in funds is stated after charging/(crediting) Depreciation of owned tangible fixed assets 10 Independent Examiner's remuneration Fees payable to the charity's Independent Examiner: Independent Examination of the charity's annual accounts |
2025 £ 16,919 2025 £ 4,788 |
2024 £ 32,232 |
|---|---|---|
| 2024 £ 4,560 |
11 Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
12 Employees
The average monthly number of employees during the year was:
| Provision of charitable services Administrative staff Total Employment costs Wages and salaries Social security costs Pension costs |
2025 Number 4 2 6 2025 £ 87,006 7,040 3,407 97,453 |
2024 Number 4 2 |
|---|---|---|
| 6 | ||
| 2024 £ 100,958 7,560 3,275 |
||
| 111,793 |
There were no employees whose annual remuneration was more than £60,000.
13 Taxation
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
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Docusign Envelope ID: D7DB5D2D-74DD-48FF-B028-AF6E1BF4004A
BARNABAS - SAFE & SOUND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
| 14 Tangible fixed assets Cost At 1 April 2024 At 31 March 2025 Depreciation and impairment At 1 April 2024 Depreciation charged in the year At 31 March 2025 Carrying amount At 31 March 2025 At 31 March 2024 15 Debtors Amounts falling due within one year: Trade debtors 16 Loans and overdrafts Bank loans Payable within one year Payable after one year |
Land and buildings Fixtures and fittings £ £ 617,640 96,580 617,640 96,580 173,036 90,971 12,353 4,566 185,389 95,537 432,251 1,043 444,604 5,609 2025 £ 483 2025 £ 66,819 5,721 61,098 |
Total £ 714,220 |
|---|---|---|
| 714,220 | ||
| 264,007 16,919 |
||
| 280,926 | ||
| 433,294 | ||
| 450,213 | ||
| 2024 £ 3,812 |
||
| 2024 £ 72,105 |
||
| 5,362 66,743 |
Included within creditors more than one year in an amount of £34,781 (2024: £41,468 ) 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.
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Docusign Envelope ID: D7DB5D2D-74DD-48FF-B028-AF6E1BF4004A
BARNABAS - SAFE & SOUND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
| 17 Creditors: amounts falling due within one year Notes Bank loans 16 Other taxation and social security Accruals 18 Creditors: amounts falling due after more than one year Notes Bank loans 16 |
2025 £ 5,721 1,327 5,237 12,285 2025 £ 61,098 |
2024 £ 5,362 1,772 5,001 |
|---|---|---|
| 12,135 | ||
| 2024 £ 66,743 |
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Docusign Envelope ID: D7DB5D2D-74DD-48FF-B028-AF6E1BF4004A
BARNABAS - SAFE & SOUND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
19 Restricted funds
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:
| Movement in funds | Movement in funds | Movement in funds | Movement in funds | |||||
|---|---|---|---|---|---|---|---|---|
| Balance at | Incoming | Resources | Balance at | Incoming | Resources | Transfers | Balance at | |
| 1 April 2023 | resources | expended | 1 April 2024 | resources | expended | 31 | March 2025 | |
| £ | £ | £ | £ | £ | £ | £ | £ | |
| Youth Work Provision | 15,036 | 25,027 | (35,464) | 4,599 | 11,541 | (14,833) | - | 1,307 |
| Core activities | 11,434 | - | (11,434) | - | 8,710 | (2,204) | - | 6,506 |
| Housing support | 9,855 | 1,500 | (9,855) | 1,500 | - | - | (1,500) | - |
| Housing management | - | - | - | - | 2,000 | (3,500) | 1,500 | - |
| 36,325 | 26,527 | (56,753) | 6,099 | 22,251 | (20,537) | - | 7,813 |
The specific purposes for which the funds are to be applied are as follows:
Youth Work Provision
The funding is held in the respect of the provision of youth activities.
Core Activities
Funds which support the day to day operations of the charity.
Housing support
Funding which enables the charity to provide personalised suppport to those in housing crisis.
Housing management
Funding which supports the delivery of housing services, maintains quality and health and safety standards.
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Docusign Envelope ID: D7DB5D2D-74DD-48FF-B028-AF6E1BF4004A
BARNABAS - SAFE & SOUND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
| 20 Analysis of net assets between funds Unrestricted funds Restricted funds 2025 2025 £ £ Fund balances at 31 March 2025 are represented by: Tangible assets 433,294 - Current assets/(liabilities) 48,472 7,813 Long term liabilities (61,098) - 420,668 7,813 |
Total Unrestricted funds Restricted funds 2025 2024 2024 £ £ £ 433,294 450,213 - 56,285 17,821 6,099 (61,098) (66,743) - 428,481 401,291 6,099 |
Total 2024 £ 450,213 23,920 (66,743) |
|---|---|---|
| 407,390 |
21 Financial commitments, guarantees and contingent liabilities
Included in the statement of financial position are unpaid pension contributions of £449 (2024: £441).
22 Capital commitments
The total amount of other financial commitments not provided in the financial statements was £Nil (2024 - £Nil).
23 Related party transactions
Remuneration of key management personnel
The remuneration of key management personnel is as follows.
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Aggregate compensation | 53,007 | 55,955 |
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 (2024: £120), £120 from his spouse V Lee and £50 from trustee John Jones (2024: £Nil).
During the year the charity received membership fees totalling £20 from trustee Emma Shields.
At the balance sheet date the amount due to/from Trustees was £Nil (2024 - £Nil).
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