2022-12-31-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
			]3-28

						2022	2021
				Unn:sti1cted	Restricted	Total	Total
				Funds	Funds	Funds	Funds
			Notes
Income and endowments		from:
Donations and legacies				4 343		4,343	81,293
Charitable activities
Supported accommodation			5	627,571		627,571	633,094
Other trading activities			3	165,330		165,330	92,126
Investments			4	356,055		356,055	353,867
Total income and endowments				1,153,299		1,153,299	1,160,380
Expenditure on:
Raising funds
Subsidiary - cost ofsales			3	64,461		64,461	30,534
Subsidiary - operating costs			3	110,892		110,892	91,209
Charitable activities			8	747,680		747,680	713,813
Other - Cost ofmanaging	investments		9	248,985		248,985	274,834
Total expenditure				1,172,018		1,172,018	1,110,390
Net gains on investments			13				350,000
Net income				(18,719)		(18,719)	399,991
Transfers between funds			19
Other recognised gains/(lo sses):
-Gains on revaluation of	freehold property		1]
-Actuarial gains/(losses)	on defined benefit pension plans		18	(1,202)		(1,202)	38,445
Net movement offunds				(19,921)		(19,921)	438,436
Reconciliation offunds
- Total funds brought	forward			8,170,227		8,170,227	7,731,791
- Total funds carried forward				8,150,306		8,150,306	8,170,227

				2022	2021	2022	2021
				Group	Group	Company	Company
			Notes
Axed assets
Tangible assets			11	2,757,401	2,798,076	2,745,492	2,780,616
Investments
- Investments	in subsidiaries		3, 12			1	1
- Invesnnent property			13	4,810,000	4,810,000	4,810,000	4,810,000
				7,567,401	7,608,076	7,555,493	7,590,617
Current assets
Stocks			14	1,617	1,317	1,300	1,000
Debtors			15	97,153	61,320	113,151	96,125
Cash at bank	and in liand			67],170	649,448	670,021	630,894
				769,940	712,085	784,472	728,019
Liabilities
Amounts Jailing due within one year			16	(177,889)	(132,946)	(168,629)	(129,097)
Net current	assets			592,051	579,139	615,843	598,922
Total assets less current liabilities				8,159,452	8,187,215	8,171,336	8, 1 &9,539
Defined benefit pension scheme		IiabiTity	18	(9,146)	(16,988)	(9,146)	(16,988)
Net assets				8,150,306	8,170,227	8,162,190	8,172,551
The funds	ofthe charity:		20
Unrestricted funds:
- General fund			19	7,426,992	7,431,063	7,438,876	7,433,387
- Revaluation	reserve		19	723,314	739,164	723,314	739,164
Restricted income funds			19
Total funds				8,150,306	8,170,227	8,162,190	8,172,551

			2022	2021
Cash flows from operating activities			(265,789)	(174,245)
Cash flows from investing activities
Rent received			268,677	263,741
Service and rechargeable expenses			87,378	90,126
Payments to acquire tangible fixed assets			(59,501)	(9,147)
Cash flows from financing activities
Interest paid				(1,051)
Pension scheme expenses			(1,400)
Repayment ofpension deficit			(7,643)	(15,293)
Increase in cash and cash equivalents			21,722	154,131
Cash and cash equivalents at the beginning ofthe year			649,448	495,31&
Cash and cash equivalents at the end of	the year		671,170	649,449
Reconciliation ofnet incoming resources	before transfers	to net cash flowfrom operating activities
Net movement offiiixis			(19,921)	438,436
Depreciation/Impairment charges			100,175	90,336
(increase)/decrease in stock			(300)	350
(Increase)/decrease in debtors			(35,833)	4,250
Increase/(decrease) in creditors			44,943	33,644
Less:Unrealised net gains on investments				(350,000)
Less:Actuarial (gain)/loss on defined benefit	pension plans		1,202	(38,445)
Less:Rent received			(268,677)	(263,741)
Less: Senrice and rechargeable expenses			(87,378)	(90,126)
Add: Bank interest payable				1,051
Net cash fiow fiom operating activities			(265,789)	(174,245)
Analysis ofchanges in net (debt)/funds
		At		At
		1Jan 2022	Cashflows	31Dec 2022
Cash at bank and in hand		649,448	21,722	671,170
Total Funds		649,448	22,722	671,170

Donations	and legacies
		Umv, stricted	Restricted	2022	2021
Donations		1,676		1,676	6,430
Government	gi ants	2,667		2,667	74,863
		4,343		4,343	81,293

Other trading	Other trading	Other trading	activities
							2022	2021
Subsidiaty		Sales					165,312	91,672
Other income							18	454
							165,330	92,126
				Barrowmore Social Enterprise		Ltd	As reported in subsidiary
				Per group	Consolidation		fmancial statements
				Accounts	Adjustments		2022	2021
Turnover				165,312	1,460		166,772	91,711
Cost ofsaks				(64,461)			(64,461)	(30,534)
Gross profit				100,851	1,460		102,311	61,177
Government		grant	income	2,667			2,667	49,727
Opemting	costs			(110,892)	(3,646)		(114,538)	(100,221)
Results for		the year		(7,374)	(2,186)		(9,560)	10,683

		Barrowmore	As reported in subsidiary	As reported in subsidiary
		Social	financial statements
		Enterprises Ltd	2022	2021
Fixed Assets		11,909	11,909	17,459
Current Assets		1,859	1,859	18,871
Ctm ent liabilities		(25,651)	(25,651)	(38,653)
		(11,883)	(11,883)	(2,323)
Represented	by
Share capital	and reserves	(11,883)	(11,883)	(2,323)

Investments
		2022	2021
Rents received		268,677	263,741
Service and rechargeable	expenses	87,378	90,126
		356,055	353,867

Incoming	Resources	from	Activities
					2022	2021
					K
			Activity
Banowmore	House/Court:	rents	supported	accommodation	627,571	633,094
					627,571	633,094

Net income/(expenditure) for the year
	2022	2021
This is stated after charging:
Operating leases - equipment	5,117	3,778
Depreciation	100,175	90,336
Bank interest payable		1,051
Auditors remuneration
- Audit fees	7,950	7,950
-Other fees	2,000

Staff Costs The aggregated payroll costs ofthe above were:
	2022	2021
Wages and salaries	475,892	474,537
Social secuig~ costs	31,348	36,309
Pension	20,670	18,665
	527,910	529,511

The average was:	monthly head count was 24 (2021:25) and the av	erage number offull-time equivalent employees	during the ye
		2022	2021
Management
Suppoited	accommodation
Administration
Maintenance
Cafe
		15	17

	Activities	Undertaken
	Supported		Total	Total
	Accommodation	Other	2022	2021
StaC'costs	192,141		192,141	165,005
Rates &water	14,459		14,459	3,886
Light &heat	63,095		63,095	68,788
Cleaning	8,609		8,609	7,328
Provisions	56,390		56,390	42,810
Insurance	17,523		17,523	24,617
Postage &stationery	91		91	284
Legal &professional				3,534
Depreciation	64,317		64,317	57,403
Leasing	2,559		2,559	1,889
Loan interest				1,051
Non recoverable VAT	27,689		27,689	23,834
Bad debts	2,574		2,574	13,182
Computer costs	504		504
Repairs &renewals	72,531		72,531	58,152
Agency staff'	3,017		3,017	7,401
Travel expenses	450		450	289
Sundries	454		454	(1,396)
Subscriptions	1,071		1,071	1,035
Animal costs				100
Computer costs				201
Governance costs (see below)	6,468		6,468	5,168
SuPPort costs (see below)	213,738		213,738	229,252
	747,680		747,680	713,813

Governance	and Support costs
				Total	Total
		Support	Governance	Unrestricted	Unre stricte d
		Costs	Costs	2022	2021
Staffcosts		239,089		239,089	285,986
Light 8cheat		14,506		14,506	4,261
Telephone		3,327		3,327	3,455
Cleaning		126		126	716
Postage k, stationery		1,129		1,129	1,829
Advertising		1,040		1,040	48
Legal Bcprofessional		9,796		9,796	13,017
Depreciation		23,301		23,301	22,154
Bank charges		2,044		2,044	2,371
Multi-employer	pension scheme costs	3,921		3,921
Leasing		2,559		2,559	1,889
Non recoverable	VAT	8,340		8,340
Computer costs		1,277		1,277	2,983
Motor expenses		1,774		1,774	3,356
Repairs 4renewals		10,190		10,190	6,082
Travel expenses		955		955	411
Sundries		2,820		2,820	336
Sub scriptions		1,662		1,662	2,147
Animal costs		971		971	],655
Auditor's remuneration			9,950	9,950	7,950
		328,827	9,950	338,777	360,646

Other —C	ost ofManaging Investments
		Total	Total
		Unrestricted	Unrestricted
		2022	2021
Rates &water		22,384	7,599
Light &heat		59,780	54,413
Telephone		7,649	7,408
Cleaning		2,527	5,250
Insurance		7,162	6,848
Postage k, stationery		170	128
Legal &professional		1,370	13,233
Depreciation		7,007	7,433
Bad debts		(10,840)	12,543
Motor expenses		67	297
Repairs &renewals		33,111	29,513
Loss on sale	ofassets
Sundries		27	3,942
Governance	costs (see Note 8)	3,482	2,783
Support costs (see Note 8)		115,089	123,444
		248,985	274,834

Tangible Fixe Group	d Assets
		Freehold	Plant and	Fixtures and	Motor
		property	machmery	fittmgs	Vehicle	Total
						f,
Cost/Valuatio	n
At I January 2022		2,780,000	14,599	365,868	4,750	3,165,217
Additions				59,501		59,501
Disposals			(652)		(500)	(1,152)
At 31 December	2022	2,780,000	13,947	425,369	4,250	3,223,566
Depreciation
At 1 January 2022		55,600	13,790	295,192	2,560	367,142
Charge for year		55,600	183	43,542	850	100,175
Eliminated on disposal			(652)		(500)	(1,152)
At 31December	2022	111,200	13,321	338,734	2,910	466,165
Net BookValue
At 31 December	2022	2,668,800	626	86,635	1,340	2,757,401
At 31 December	2021	2,724,400	809	70,676	2,190	2,798,075

Company
		Freehold	Plant and	Fixtures and	Motor
		property f	machinery	fittings f	Vehicle	Total
Cost/Valuatio	n
At 1 Januaty 2022		2,780,000	14,599	334,326	4,750	3,133,675
Additions				59,501		59,501
Disposals			(652)		(500)	(1,152)
At 31December	2022	2,780,000	13,947	393,827	4,250	3,192,024
Depreciation
At 1 Januaty 2022		55,600	13,790	281,109	2,560	353,059
Charge for year		55,600	]83	37,992	850	94,625
Elsninated on disposal			(652)		(500)	(1,152)
At 31December	2022	111,200	13,321	319,101	2,910	446,532
Net BookValue
At 31 December	2022	2,668,800	626	74,726	1,340	2,745,492
At 31December	2021	2,724,400	809	53,217	2,190	2,780,616

12	Fixed Asset Investments
	Company
	Cost
	At I .Ianuary 2022
	Ainounts written offin year
	At 31December 2022

Fixed Asse	t Investments
							Interest in group
							undertakings
Company
Cost
At I .Ianuary	2022
Ainounts written offin year
At 31December 2022
The principal	group undertakings	which air all incorporated		in England	and Wales;
							%ofissued
						Issued share	ordinary shares
			Activity			Capital	capital held
Barrowmore	Social Enterprise	Limited	Operation ofca&.			I	100%
Company Number: 08772299

13	Investment Property —Group and Company
	Cost/Valuation
	At 1 January 2022	4,810,000
	Additions
	Transfers
	Revaluations
	At 31 December 2022	4,810,000
	Net BookValue
	At 31December 2022	4,810,000
	At 31December 2021	4,810,000

Stocks
		Group		Company
	2022		2021	2022	2021
Provisions	1,300		1,000	1,300	1,000
Goods for resale	317		317
	1,617		1,317	1,300	1,000

Debtors: A	mounts	fal	ling due within o	ne year
					Group		Company
				2022		2021	2022	2021
Trade debtors				82,497		58,793	82,105	58,793
Amounts owed by group undeitakings							16,390	34,805
Prepayments	and accrued income			14,282		2,153	14,282	2,153
Other debtors				374		374	374	374
				97,153		61,320	113,151	96,125
Liabilities:	Amounts		falling due within	one year
					Group		Company
				2022		2021	2022	2021
							f
Trade creditors				21,153		8,384	18,816	6,933
Taxation and	social secuiity			40,689		49,011	34,761	47,608
Other creditors				39,336		31,717	39,336	31,717
Accruals and	defended	income		76,711		43,834	75,716	42,839
				177,889		132,946	168,629	129,097

Operating Lease Commitments The foHowing operating lease payments are committed to be paid	over the following period:
	2022	2021
Expiring:
Within one year	814	2,239
Between one and five years	2,080	1,084
	2,894	3,323

Reconciliafion o	fopening and clo	sing def	ined benef	it pension liability:
						2022		2021
Present value ofliability at start ofperiod						16,988		70,726
Unwinding ofthe	discount fiictor				139		169
Remeasurements	- impact ofany	change	in assuniptions		(338)		(192)
Remeasurements	- amendments	to the contnbution		schedule			(38,422)
						(199)		(38,445)
Deficit contributions paid						(7,643)		(15,293)
Present value of	liabiTity at end ofperiod					9,146		16,988
Discount rate applied for the year						4.96%		1.18%

Movement	in Funds
			Net
		A.t	movement	At
		1Jan 2022	in funds	31Dec 2022
Unrestricted	funds
General fund		7,431,063	(4,071)	7,426,992
Revaluation	reserve	739,164	(15,850)	723,314
		8,170,227	(19,921)	8,150,306
Restricted	funds
Total Funds		8,170,227	(19,921)	8,150,306

			Incoming
			Resources	Resource		Gains and
			in funds	expended	Transfer	Losses	Movement
Unrestricted		funds
General fund			1,153,299	(1,172,018)	15,850	(1,202)	(4,071)
Revaluation		reserve			(15,850)		(15,850)
Restricted		funds
Restricted	lund
Total Funds			1,153,299	(1,172,018)		(1,202)	(19,92])