2021-12-31-accounts - Barrowmore Limited

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	Page
Reference and Administrative Details
Report ofthe Trustees	2-7
Report ofthe Independent Auditors	8-9
Consolidated Statement ofFinancial Activities	10
Consolidated Balance Sheet
Consolidated Statement ofCash Flows	12
Notes to the Financial Statements	13-28

							2021	2020
					Unrestricted	Restricted	Total	Total
					Funds	Funds	Funds	Funds
				Notes
Income and endowments		from:
Donations and legacies					81,293		81,293	140,726
Charitable activities
Supported accommodation					633,094		633,094	646,599
Other trading activities				3	92 126		92,126	51,162
Investments				4	353,867		353,867	340,617
Total income and endowments					1,160,380		1,160,380	1,179,104
Expenditure on:
Raising funds
Subsidiary - costofsales					30,534		30,534	20,243
Subsidiaiy - operating costs					91,209		9],209	97,781
Charitable activities				8	713,813		713,813	696,293
Other - Cost ofmanaging	investments			9	274,834		274,834	268,647
Total expenditure					1,110,389		1,110,389	1,0&2,964
Net gains on iuvestments				13	350,000		350,000	624,216
Net income					399,991		399,991	720,356
Transfers between funds				19
Other recognised gains/(losses):
-Gains on revalnation of	freehold property			11				167,857
-Actuarial gains/(losses) on		defined benefit pension	plans	18	38,445		38,445	(2,136)
Net movement offunds					438,436		438,436	886,077
Reconciliation offunds
-Total funds brought forward					7,731,791		7,731,791	6,845,714
-Total funds carried forward					8,170,227		8,170,227	7,731,791

		2021	2020	2021	2020
		Group	Group	Company	Company
	Notes	f.
Fixed assets
Tangible assets		2,798,076	2,879,264	2,780,616	2,858,459
Invesnnents
-Investments in subsidiaries	3, 12			I	I
-Investment property	13	4,810,000	4,460,000	4,810,000	4,460,000
		7,608,076	7,339,264	7,590,617	7,318,460
Current assets
Stocks	14	1,317	1,667	1,000	1,350
Debtors	15	6],320	65,570	96,125	105,307
Cash at bank and in hand		649,448	495,318	630,894	485,624
		712,085	562,555	728,019	592,281
Liabilities
Amounts falling due within one year	16	(132,946)	(99,302)	(129,097)	(95,217)
Net current assets		579,139	463,253	598,922	497,064
Total assets less current liabilities		8,187,215	7,802,517	8,189,539	7,815,524
Defined benefit pension scheme liability		(16,988)	(70,726)	(16,988)	(70,726)
Net assets		8,170,227	7,731,79]	8,172,551	7,744,798
The funds ofthe charity:	20
Unrestricted funds:
-General fund	19	7,431,063	6,976,777	7,433,387	6,989,7&4
-Revaluation reserve	19	739,164	755,014	739,164	755,014
Restricted income funds	19
Total funds		8,170,227	7,731,791	8,172,551	7,744,798

				2021		2020
Cash flows from operating activities				(174,245)		(131,933)
Cash flows from investing activities
Rent received				263,741		258,450
Service and rechargeable expenses				90,126		82,147
Deposit account interest						20
Payments to acquire tangible	fixed	assets		(9,147)		(38,844)
Proceeds from disposal oftangible		fixed assets				661
Cash flows from financing activities
Interest paid				(1,051)		(2,140)
Repayment ofborrowing
Repayment ofpension deficit				(15,293)		(16,209)
Increase in cash and cash equivalents				154,131		152,152
Cash and cash equivalents at the beginning ofthe year				495,318		343,166
Cash and cash equivalents at	the end ofthe year			649,449		495418
Reconciliation ofnet incoming	resources before transfers		to net cash flow	from operating	activities
Net movement offunds				438,436		886,077
Depreciation/Impairment charges				90,336		107,018
(increase)/decrease in stock				350		217
(Increase)/decrease in debtors				4,250		31,745
Increase/(decrease) in creditors				33,644		(28,576)
Less: Unrealised net gains on investments				(350,000)		(624,216)
Less: Actuarial (gain)/loss on defined		benefit pension plans		(38,445)		2,136
Less: Unrealised net gains on revaluation offreehold property						(167,857)
Less:Rent received				(263,741)		(258,450)
Less: Service and rechargeable	expenses			(90,126)		(82,147)
Less: Deposit account interest						(20)
Add: Bank interest payable				1,051		2,140
Net cash flow from operating activities				(174,245)		(131,933)
A.nalysis ofchanges in net	(debt)/funds
			At			At
			1Jan 2021	Cashflows		31Dec2021
Cash at bank and in hand			495,318	154,130		649,448
Total Funds			495,338	354,	330	649,448

Donations	and legacies	and legacies
			Unrestricted	Restricted	2021	2020
				K
Donations			6,430		6,430	1,395
COVID-19	government	grants	74,863		74,863	139,331
			81,293		81,293	140,726

Other trading	Other trading	activities
						2021	2020
Subsidiary	Sales					91,672	45,817
Other income						454	5,345
						92,126	51,162
			Barrowmore Social Enterpris		Ltd	As reported in subsidiary
			Per group	Consolidation		financial statements
			Accounts	Adjustments		2021	2020
Turnover			91,671	40		91,711	45,852
Cost ofsaks			(30,534)			(30,534)	(20,278)
Gross profit			61,137	40		61,177	25,574
Government	grant	income	49,727			49,727	53,633
Operating costs			(91,209)	(9,012)		(100,221)	(101,057)
Results for	the year		19,655	(8,972)		10,683	(21,850)

			Barruwmore	As reported in subsidiary	As reported in subsidiary
			Social	financial	statements
			Enterprises Ltd	2021	2020
Fixed Assets			17,459	17,459	20,807
Current	Assets		18,871	18,871	15,793
Current	habilities		(38,653)	(38,653)	(49,606)
			(2,323)	(2,323)	(13,006)
Represented		by
Share capital		and reserves	(2,323)	(2,323)	(13,006)

Investments
		2021	2020
Rents received		263,741	258,450
Seivte and rechargeable	expenses	90,126	82,147
Deposit account interest			20
		353,867	340,617

5	Incoming	Resources	from	Charitable	Activities
							2021	2020
					Activity
	Barrowmore	House/Court:	rents		supported	accommodation	633,094	646,599
							633,094	646,599
6	Net income/(expenditure)			for the year
							2021	2020
	This is stated aftercha~
	Operating leases - equipment						3,77&	6,348
	Depreciation						86,989	]07,018
	Bank interest	payable					1,051	2,140
	Auditors remuneration
	- Audit fees						7,950	7,500

Staff Costs The aggregated payroll costs ofthe above were:
	2021	2020
		K
Wages and salaries	474,537	486,164
Social security costs	36,309	36,638
Pension	18,665	21,991
	529,511	544,793

The average was:	monthly head count was 25 (2020:26)and the av	erage number offull-time equivalent employees	during the y
		2021	2020
Maiiagement
Supported	accommodation
Administration
Maintenance
Ca%
		15	17

Expenditur	e on Charitable Activiti	es
		Activities Undertaken
		Supported	Total	Total
		Accommodation Other	2021	2020
		f.
Staffcosts		165,005	165,005	159,841
Rates0water		3,886	3,886	4,007
Light k heat		68,788	68,788	62,709
Telephone				639
Cleaning		7,328	7,328	7,l &8
Provisions		42,810	42,810	44,493
Insurance		24,617	24,617	38,015
Postage 8cstationery		284	284	192
Legal0professional		3,534	3,534	498
Depreciation		57,403	57,403	52,907
Leasing		1,889	l,&89	3,174
Loan interest		1,051	1,051	2,140
Non recoverable VAT		23,834	23,834	12,110
Bad debts		13,182	13,182	6,452
Motor expenses				120
Repairs Ecrenewah		58,152	58,152	30,342
Agency staff		7,401	7,401	692
Travel expenses		289	289	346
Sundries		(1,396)	(1,396)
Subscriptions		1,035	1,035	1,164
Animal costs		100	100	1,406
Computer costs		201	201
Governance	costs (see below)	5,168	5,168	4,875
Support costs (see below)		229,252	229,252	262,983
		713,813	713,813	696,293

Governance and Support costs
			Total	Total
	Support	Governance	Unrestricted	Unrestricted
	Costs	Costs	2021	2020
	K
StafFcosts	285,986		285,986	302,912
Light0heat	4,261		4,261	15,677
Telephone	3,455		3,455	4,410
Cleaning	716		716	267
Stafftraining				339
Postage Xstationery	1,829		1,829	1,751
Advettising	48		48
Legal k professional	13,017		13,017	9,614
Depreciation	22,154		22,154	36,977
Bank charges	2,371		2,371	2,318
Leasing	1,889		1,889	3,174
Computer costs	2,983		2,983	3,193
Motor expenses Repairs 4renewals	3,356 6,082		3,356 6,082	2,196 19,470
Travel expenses	411		411	415
Sundries	336		336	(1,038)
Subscriptions	2,147		2,147	2,914
Animal costs	1,655		1,655
Auditor's remuneration		7,950	7,950	7,500
	352,696	7,950	360,646	412,089

Other —C	ost ofManaging Investments
		Total	Total
		Unrestricted	Unrestricted
		2021	2020
Rates Bcwater		7,599	7,500
Light @heat		54,413	50,047
Telephone		7,408	8,101
Cleaning		5,250
Insurance		6,848	7,588
Postage Bcstationeiy		128	754
Legal k.professional		13,233	1,195
Depreciation		7,433	13,5]2
Bad debts		12,543	12,614
Motor expenses		297
Repairs &renewals		29,513	22,545
Loss on sale	ofassets		560
Sundries		3,942
Governance	costs (see Note 8)	2,783	2,625
Support costs (see Note 8)		123,444	141,606
		274,834	268,647

Tangible Fixed Assets Group
	Freehold	Plant and	Fixtures and	Motor
	property	machinery	fittings	Vehicle	Total
Cost/Valuation
At 1 January 2021	2,780,000	13,684	357,637	4,750	3,156,071
Additions		915	8,232		9,147
Dispo sais
At 31 December 2021	2,780,000	14,599	365,869	4,750	3,165,218
Depreciation
At I January 2021		13,323	261,773	1,710	276,806
Charge for year	55,600	467	33,419	850	90,336
Eliminated on disposal
At 31 December 2021	55,600	13,790	295,192	2,560	367,142
Net BookValue
At 31December 2021	2,724,400	809	70,677	2,190	2,798,076
At 31 December 2020	2,780,000	361	95,864	3,040	2,879,265

Company
	Freehold	Plant and	Fixtures and	Motor
	property	machinery	fittings	Vehicle	Total
			K
Cost/Valuation
At 1 January 2021	2,780,000	13,684	326,094	4,750	3,124,528
Addibons		915	8,232		9,147
Disposals
At 31December 2021	2,780,000	14,599	334,326	4,750	3,133,675
Depreciation
At 1 January 2021		13,323	251,037	1,710	266,070
Charge for year	55,600	467	30,072	850	86,989
Eliminated on disposal
At 31December 2021	55,600	13,790	281,109	2,560	353,059
Net BookValue
At 31 December 2021	2,724,400	809	53,217	2,190	2,780,616
At 31December 2020	2,780,000	361	75,057	3,040	2,858,458

Fixed Asse	t Investments
						Interest m group
						undertakings
Company
Cost
At 1 January	2021
Amounts written oQ in year
At 31December 2021
The principal	group undeitakings	which are all incorporated		in England and Wales:
						%ofissued
					Issued share	onhnaty shares
			Activity		Capital	capital held
Barrowmore	Social Enterprise	Limited	Operation ofcafe		1	100%
Company Number: 08772299

13	Investment Property —Group and Company
	Cost/Valuation
	At 1 January 2021	4,460,000
	Additions
	Transfers
	Revaluations	350,000
	At 31December 2021	4,810,000
	Net BookValue
	At 31December 2021	4,810,000
	At 31December 2020	4,460,000

Stocks
		Croup		Company
	2021		2020	2021	2020
Provisions	1,000		1,350	1,000	1,350
Goods for resale	317		317
	1,317		1,667	1,000	1,350

Debtors: A	mounts falling due within o	ne year
			Group		Company
		2021		2020	2021	2020
Trade debtors		58,793		65,140	58,793	59,412
Amounts owed by group undettakingS					34,805	45,521
Prepayments	and accrual income	2,]53			2,153
Other debtors		374		430	374	374
		61,320		65,570	96,125	105,307

Liabiliti	es: Amounts falling due within	one year
			Group		Company
		2021		2020	2021	2020
Trade creditors		8,384		11,215	6,933	9,516
Taxation	and social security	49,011		15,740	47,608	14,349
Other creditors		31,717		35,460	31,717	35,460
Amounts	owed to group undertakin@
Accruals	and deferred income	43,834		36,887	42,839	35,892
		132,946		99,302	129,097	95,217

Operating Lease Commitments The folio+~ operating lease payments are committed to be paid	over the foHowing period:
	2021	2020
Expiring:
Within one year	2,239	6,997
Between one and five years	1,084	3,323
	3,323	10,320

Reconciliation o	fopening and clo	sing det	ined benetit pension habiTity:
					2021		2020
Presentvalue ofliability at start ofperiod					70,726		84,799
Unwinding ofthe	discount lhctor			169		860
Remeasurements	- impact ofany	change	in assumptions	(192)		1,216
Remeasurements	- aniendments	to the conti&ution schedule		(38,422)		60
					(38,445)		2,136
Deticit contributions paid					(15,293)		(]6,209)
Present value of	liability at end ofperiod				16,988		70,726
Discount rate apped for the year					1 18%		0,27%

Movement		in Funds
				Net
			At	movement	At
			1Jan 2021	in funds	31Dec 2021
Unrestricted		funds
General fund			6,976,777	454,286	7,431,063
Revaluation		reserve	755,014	(15,850)	739,164
			7,731,791	438,436	8,170,227
Restricted	funds
Total Funds			7,731,791	438,436	8,170,227

			Incoming
			Resources	Resource		Gains and
			in funds	expended	Transfer f	Losses	Movementf
Unrestricted		funds
General fund			1,160,380	(1,110,389)	15,850	388,445	454,286
Revaluation		reserve			(15,850)		(15,850)
Restricted	funds
Restricted	fund
Total Funds			1,160,380	(1,110,389)		388,445	438,436