2020-12-31-accounts - Barrowmore Limited

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	Page
Reference and Administrative Details
Report ofthe Trustees	2-8
Report ofthe Independent Auditors	9-10
Consolidated Statement ofFinancial Activities
Consolidated Balance Sheet	12
Consolidated Statement ofCash Flows	13
Notes to the Financial Statements	14-30

					2020	2019
			Unrestricted	Restricted	Total	Total
					Funds	Funds
		Notes
Income and endowments	Irom:
Donations and legacies			140,726		140,726	4,568
Charitable activities
Supported accornrnodation			646,599		646,599	671,602
Other trading activities			51,162		51,162	138,545
Investments			340,617		340,617	382,148
Total income and endowments			1,179,104		1,179,104	1,196,863
Expenditure on:
Raising funds
Subsidiary -cost ofsales			20,243		20,243	53,698
Subsidiary -operating costs			97,781		97,781	75,122
Charitable activities			696,293		696,293	744,261
Other - Cost ofmanaging investmeuts			268,647		268,647	328,250
Total expenditure			1,082,964		1,082,964	1,201,331
Net gains on investments		13	624,216		624,216
Net income			720,356		720,356	(4,468)
Transfers between funds		19
Other recognised gains/(losses):
-Gains on revaluatiou offreehold property		11	167,857		]67,857
-Actuarial gains/(loss es) on	defined benefit pens ion plans	18	(2,136)		(2,136)	(2,924)
Net movement offunds			886,077		886,077	(7,392)
Reconciliation offunds
-Total funds brought forward			6,845,714		6,845,714	6,853,106
-Total funds carried forward			7,731,791		7,731,791	6,845,714

				2020	2019	2020	2019
				Group	Group	Company	Company
			Notes
Fixed assets
Tangible assets				2,879,264	3,311,026	2,858,459	3,301,450
Investments
-Investments	in subsidiaries		3, 12			1	1
-Investment	property		13	4,460,000	3,305,000	4,460,000	3,305,000
				7,339,264	6,616,026	7,318,460	6,606,451
Current assets
Stocks			14	1,667	1,884	1,350	1,463
Debtors			15	65,570	97,315	105,307	126,254
Cash at bank	and in hand			495,318	343,166	485,624	318,874
				562,555	442,365	592,281	446,591
Liabilities
Amounts falling due within one year			16	(99,302)	(127,878)	(95,217)	(131,371)
Net current assets				463,253	314,487	497,064	315,220
Total assets less current		liabilities		7,802,517	6,930,513	7,815,524	6,921,671
Defined benefit pension scheme liability				(70,726)	(84,799)	(70,726)	(84,799)
Net assets				7,731,791	6,845,714	7,744,798	6,836,872
The funds	ofthe charity:		20
Unrestricted	funds:
-General fund			19	6,976,777	6,224,001	6,989,784	6,215,159
-Revaluation	reserve		19	755,014	621,713	755,014	621,713
Restricted income funds			19
Total funds				7,731,791	6,845,714	7,744,798	6,836,872

								2020		2019
Cash flo~ from operating	activities							(131,933)		(225,952)
Cash flows from investing	activities
Rent received								258,450		287,231
Service and rechargeable	expenses							82,147		94,861
Deposit account interest								20		56
Payments to acquire tangible fixed assets								(38,844)		(104,609)
Proceeds &omdisposal	oftangible		flxed		ass ets			661
Cash flows from financing	activities
Interest paid Repayment ofborrowing								(2,140)		(2,077)
Repayment ofpension deficit								(16,209)		(16,578)
Increase in cash and cash	equivalents							152,152		32,932
Cash and cash equivalents	at	the beginning			ofthe year			343,166		310,234
Cash and cash equivalents	at	the end	ofthe year					495,318		343,166
Reconciliation ofnet incoming resources					before trans	fers	tonet cash flow from operating		activities
Net movement offunds								886,077		(7,392)
Depreciation/Impairment charges								107,018		91,678
(Increase)/decrease in stock								217		798
increase)/decrease in debtors								31,745		48,141
Increase/(decrease) in creditors								(28,576)		17,970
Less:Unrealised net gains	on	investments						(624,216)
Less:Actuarial(gain)/loss	on	defined	benefit pension plans					2,136		2,924
Less:Unrealised net gains	on	revaluation		of&eehold property				(167,857)
Less:Rent received								(258,450)		(287,231)
Less: Service and rechargeable		expenses						(82,147)		(94,861)
Less: Deposit account interest								(20)		(56)
Add: Bank interest payable								2,140		2,077
Net cash flow &om operating		activities						(131,933)		(223932)
Analysis ofchanges in net		(debt)/funds
							At			At
						I	Jan 2020	Cashflows		31Dec2020
Cash at bank and in hand							343,166	152,]52		495,318
Total Funds							343,166	152,152		495,318

Donations	and legacies	and legacies
			Unrestricted	Restricted	2020	2019
Donations			1,395		1,395	4,568
COVJD-19	government	grants	139,331		139,331
			140,726		140,726	4,568

					2020f	2019
Subsidiary	Sales				45,817	133,218
Other income					5,345	5,327
					51,162	138,545
		Barrowmore Social Enterprise		Ltd	As reported	in subsidiary
		Per group	Consolidation		financial	statements
		Accounts	Adjustments		2020	2019
Turnover		45,817	35		45,852	133,796
Cost ofsales		(20,243)	(35)		(20,278)	(53,251)
Gross profit		25,574			25,574	80,545
Government	grant income	53,633			53,633
Operating	costs	(97,781)	(3,276)		(101,057)	(76,983)
Results forthe year		(18,574)	(3,276)		(21,850)	3,562

			Bar rowmore	As reportedin	subsidiary
			Social	financial	statements
			Enterpris es Ltd	2020	2019
Fixed Assets			20,807	20,807	9,578
Current	Assets		15,793	15,793	38,994
Current	liabiTities		(49,606)	(49,606)	(39,728)
			(13,006)	(13,006)	8,844
Represented		by
Share capital		and reserves	(13,006)	(13,006)

4	Investments
						2020	2019
	Rents received					258,450	287,231
	Service and rechargeable	expenses				82,147	94,861
	Deposit account interest					20	56
						340,617	382,148
5	Incoming Resources from		Charitable	Activities
						2020	2019
				Activity
	Barrowmore House/Court:	rents		supported	accommodation	646,599	671,602
						646,599	671,602
6	Net income/(expenditure)		for the year
						2020	2019
	This is stated after charging:
	Operating leases - equipment					6,348	9,871
	Depreciation					107,018	91,678
	Bank interest payable					2,140	2,077
	Auditors remuneration
	-Audit fees					7,500	7,500

Staff Costs The aggregated payroll costs ofthe above were:
	2020	2019
Wages and salaries	486,164	485,650
Social security costs	36,638	39,495
Pension	21,991	21,679
	544,793	546,824

The average was:	monthly head count was 26(2019:29)and the ave	rage number offull-thne equivalent employees	during the ye
		2020	2019
Management
Supported	accommodation
Administration
Maintenance
Cafe
		17	19

Expenditure	on Charitable Activitie	s	s
		Activities Undertaken
		Supported		Total	Total
		Accommodation	Other	2020	2019
				K
Staff costs		159,841		159,841	161,811
Rates &water		4,007		4,007	7,891
Light &heat		62,709		62,709	56,093
Telephone		639		639
Cleaning		7,188		7,188	8,325
Stafftraining
Provisions		44,493		44,493	46,419
Insurance		38,015		38,015	35,995
Postage &stationery		192		192	528
Legal &,professional		498		498	673
Depreciation		52,907		52,907	52,907
Loss on sale	ofassets
Leasing		3,174		3,174	4,935
Loan interest		2,140		2,140	2,077
Non recoverable VAT		12,110		12,110	24,298
Bad debts		6,452		6,452	(17,374)
Motor expenses		120		120	561
Repairs &renewals		30,342		30,342	47,235
Agency staff		692		692	7,301
Travel expenses		346		346	736
Sundries					142
Subscription	s	1,164		1,164	1,612
Animal costs		1,406		1,406	8,418
Governance	costs (see below)	4,875		4,875	4,875
Support costs (see below)		262,983		262,983	288,803
		696,293		696,293	744,261

Governance and Support costs
			Total	Total
	Support	Governance	Unres tricted	Unrestricted
	Costs	Costs	2020	2019
Staffcosts	302,912		302,912	318,169
Light &heat	15,677		15,677	14,023
Telephone	4,410		4,410	7, 122
Cleaning	267		267
Stafftraining	339		339	1,394
Postage &stationery	1,751		1,751	3,038
Advertising				89
Legal &professional	9,614		9,6]4	8,103
Depreciation	36,977		36,977	23,869
Bank charges	2,318		2,3]8	3,684
Leasing	3,174		3,174	4,935
Computer costs	3,193		3,193	3,094
Motor expenses	2,196		2,196	4,189
Repahs &renewals	19,470		19,470	40,950
Agency staff				2,326
Travel expenses	415		415	1,552
Sundries	(1,038)		(1,038)	5,081
Subs criptions	2,914		2,914	2,695
Auditor's remuneration		7,500	7,500	7,500
	404,589	7,500	412,089	451,813

Other —Cost ofManaging Investments
	Total	Total
	Unres tricted	Unrestricted
	2020	2019
Rates &water	7,500	(ROTI
Light &heat	50,047	66,894
Telephone	8,101	9,397
Insurance	7,588	8,346
Postage &stationery	754	549
Legal &professional	1,195	22,284
Depreciation	13,512	13,512
Bad debts	12,614	15,120
Motor expenses		394
Repairs &renewals	22,545	35,466
Loss on sale ofassets	560
Subscriptions		360
Governance costs (see Note 8)	2,625	2,625
Support costs (see Note 8)	141,606	155,510
	268,647	328,250

Tangible Fixed Assets
Group
	Freehold	Plant and	Fixtures and	Motor
	property	machinery	fittings	Vehicle	Total
Cost/Valuation
At 1January 2020	3,873,584	13,684	323,704	500	4,211,471
Additions			34,594	4,250	38,844
Trans fers	(653,605)				(653,605)
Revaluations	(439,979)				(439,979)
Disposals			(661)		(661)
At 31December 2020	2,780,000	13,684	357,637	4,750	3,156,070
Depreciation
At 1January 2020	653,185	12,963	233,897	400	900,445
Charge for year	77,472	360	27,876	1,310	107,018
Trans fers	(122,821)				(122,821)
Revaluations	(607,836)				(607,836)
Eliminated on disposal
At 31December 2020		13,323	261,773	1,710	276,806
Net Book Value
At 31December 2020	2,780,000	361	95,864	3,040	2,879,264
At 31December 2019	3,220,399	721	89,807	100	3,311,026

Tangible Fixed Assets (Continued)
Company
	Freehold	Plant and	Fixtures and	Motor
	property	machinery	fittings	Vehicle	Total
Cost/Valuation
At 1January 2020	3,873,584	13,684	307,011		4,194,779
Additions			19,083	4,250	23,333
Trans fers	(653,605)				(653,605)
Revaluations	(439,979)				(439,979)
Disposals
At 31December 2020	2,780,000	13,684	326,094	4,750	3,124,528
Depreciation
At 1January 2020	653,185	12,963	226,781		893,329
Charge for year	77,472	360	24/55	1,310	103,397
Trans fers	(122,821)				(122,821)
Revaluations	(607,836)				(607,836)
Eliminated on disposal
At 31December 2020		13,323	251,036	1,710	266,069
Net Book Value
At 31December 2020	2,780,000	361	75,058	3,040	2,858,459
At 31December 2019	3,220,399	721	80,230	100	3,301,450

Company
Cost
At 1January 2020
Amounts written offin year
At 31December 2020

The princ	ipa	l group	undeitakin	gs which are	all incorpomted	in England and	Wales:
								% ofissued
							Issuedshare	ordinary shares
					Activity		Capital	capital held
Barrowmore		Social	Enterprise	Limited	Operation	ofcafe		100%
Company	Number:		08772299

13	Investment Property —Group and Company
	Cost/Valuation
	At 1January 2020	3,305,000
	Additions
	Trans fers	530,784
	Revaluations	624,216
	At 31Deceinber 2020	4,460,000
	Net Book Value
	At 31December 2020	4,460,000
	At 31December 2019	3,305,000

Stocks
						Group		Company
					2020		2019	2020	2019
					f		f
Provisions					1,350		1,022	1,350	1,022
Animals							441		441
Goods for	resale				317		421
					1,667		1,884	1,350	1,463
Debtors:	Amounts		falling due within	one year
						Group		Company
					2020		2019	2020	2019
							f		f
Trade debtors					65,140		96,034	59,412	105,049
Amounts	owed by group undertakings							45,521	20,376
Prepayments		and accrual income					873		455
Other debtors					430		408	374	374
					65,570		97,315	105,307	126,254

Liabilitie	s: Amounts	falling due within	one year
				Group		Company
			2020		2019	2020	2019
						f
Trade creditors			11,215		42,440	9,516	50,600
Taxation	and social security		15,740		17,381	14,349	13,709
Other creditors			35,460		33,836	35,460	33,836
Amounts	owed to group undertakings
Accruals	and deferred	inconm	36,887		34,221	35,892	33,226
			99,302		127,878	95,217	131,371

Operating	Lease Commitments	Lease Commitments	Lease Commitments
The following		operating	lease payments	are committed	to be paid over the following period:
						2020	2019
Expiring:
Within one	year					6,997	5,505
Between one		and five years				3,323	5,322
						10,320	10,827

Reconciliation ofopening and closing de	fined ben	efit pension liabili	ty:
				2020		2019
Present value ofliability at start ofperiod				84,799		98,453
Unwinding ofthe discount factor			860		1,561
Remeasurements -impact ofany change	in assumptions		1,216		1,303
Remeasurements -amendments to the contribution		schedule	60		60
				2,136		2,924
Deficit contributions paid				(16,209)		(16,578)
Present value ofliability at end ofperiod				70,726		84,799
Discount rate applied for the year				0.27%		1.13%

Movement		in Funds
				Net
			At	movement	At
			1Jan 2020	in funds	31Dec2020
Unrestricted		funds
General fund			6,224,001	752,776	6,976,777
Revaluation		reserve	621,713	133,301	755,014
			6,845,714	886,077	7,731,791
Restricted	funds
Total Funds			6,846,714	886,077	7,731,791

			Incoming
			Resources	Resource		Gains and
			in funds	expended	Transfer	Losses	Movement
Unres tricted		funds
General fund			1,179,104	(1,082,964)	34,556	622,080	752,776
Revaluation		reserve			(34,556)	167,857	133,301
Restricted	funds
Restricted	fund
Total Funds			1,179,104	(1,082,964)		789,937	886,077

				2020
		Unrestricted	Restricted	Total
		funds
Tangible fixed assets		2,879,264		2,879,264
Fixed asset investments		4,460,000		4,460,000
Cash at bank and in hand		495,318		495,318
Other net current assets/(liabilities)		(32,065)		(32,065)
Creditors falling due in more than one year
Defined benefit pension	scheme liability	(70,726)		(70,726)
		7,731,791		7,731,791
				2019
		Unrestricted	Restricted	Total
		funds
		f
Tangible fixed assets		3,311,026		3,311,026
Fixed asset investments		3,305,000		3,305,000
Cash at bank and in hand		343,166		343,166
Other net current assets/(liabilities)		(28,679)		(28,679)
Creditors falling due in more than one year
Defined benefit pension	scheme liability	(84,799)		(84,799)
		6,845,714		6,845,714