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|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|
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||||||||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|
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|2|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|
##
|3|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|
##
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|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|
##
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##
|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|
##
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|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%|
##
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|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|
##
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