2023-12-31-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 —27

								2023	2022
						Unrestricted	Restricted	Total	Total
						Funds	Funds	Funds	Funds
					iNotes
Income and endowments		from:
Donations and legacies						1,259		1,259	4,343
Charitable activities
Supported accommodation					5	650,775		650,775	627,571
Other trading activities					3	173,979		173,979	165,330
Investments					4	385,956		385,956	356,055
Total income and endowments						1,211,969		1,211,969	1,153,299
Expenditure on:
Raising funds
Subsidiary -cost ofsales					3	70,821		70,821	64,461
Subsidiary - operating costs					3	98,917		98,917	110,892
Charitable activities					8	848,991		848,991	747,680
Other - Cost ofmanaging	investments				9	324,836		324,836	248,985
Total expenditure						1,343,565		1,343,565	1,172,018
Net gains on investments					13	1,078,000		1,078,000
Net income						946,404		946,404	(18,719)
Transfers between funds					19
Other recognised gains/(losses):
- Gains on revaluation of	freehold		property		11	382,800		382,800
-Actuarial gains/(losses)	on	defined benefit pension		plans	18	(323)		(323)	(1,202)
Net movement offunds						1,328,881		1,328,881	(19,921)
Reconciliation offunds
-Total funds brought	forward					8,150,306		8,150,306	8,170,227
-Total funds carried forward						9,479,187		9,479, 187	8,150,306

				2023	2022	2023	2022
				Group	Group	Company	Company
			Notes
Fixed assets
Tangible assets			11	3,054,017	2,757,401	3,046,269	2,745,492
Investments
- Investments in subsidiaries			3, 12			1	1
- Investment property			13	5,888,000	4,810,000	5,888,000	4,810,000
				8,942,017	7,567,401	8,934,270	7,555,493
Current assets
Stocks			14	3,067	1,617	1,950	1,300
Debtors			15	106,430	97,153	124,389	113,151
Cash at bank and in hand				598,063	671,170	596,803	670,021
				707,560	769,940	723,142	784,472
Liabilities
Amounts Ialling due within one year			16	(165,527)	(177,889)	(156,703)	(168,629)
Net current	assets			542,033	592,051	566,439	615,843
Total assets	less current	liabilities		9,484,050	8,159,452	9,500,709	8,171,336
Defined benefit pension scheme liability				(4,863)	(9,146)	(4,863)	(9,146)
Net assets				9,479,187	8,150,306	9,495,846	8,162,190
The funds ofthe charity:			20
Unrestricted funds:
- General fund			19	8,388,923	7,426,992	8,405,582	7,438,876
—Revaluation	reserve		19	1,090,264	723,314	1,090,264	723,314
Restricted income funds			19
Total funds				9,479,187	8,150,306	9,495,846	8,162,190

			2023		2022
Cash flows from operating activities			(451,883)		(265,789)
Cash flows from investing activities
Rent received			263,192		268,677
Service and rechargeable expenses			119,723		87,378
Payments to acquire tangible fixed assets			(2,574)		(59,501)
Bank interest received			3,041
Cash flows from financing activities
Pension scheme expenses					(1,400)
Repayment ofpension deficit			(4,606)		(7,643)
Increase in cash and cash equivalents			(73,107)		21,722
Cash and cash equivalents at the beginning	ofthe year		671,170		649,448
Cash and cash equivalents at the end ofthe year			598,063		671,170
Reconciliation ofnet incoming resources before transfers		to net cash flow from operating		activities
Net movement offunds			1,328,881		(19,921)
Depreciation/Impairment charges			88,758		100,175
(Increase)/decrease in stock			(1,450)		(300)
(increase)/decrease in debtors			(9,277)		(35,833)
Increase/(decrease) in creditors			(12,362)		44,943
Less: Unrealised net gains on investments			(1,078,000)
Less: Unrealised net gains on revaluation	offreehold property		(382,800)
Less: Actuarial (gain)/loss on defined benefit pension plans			323		1,202
Less: Rent received			(263,192)		(268,677)
Less: Service and rechargeable expenses Less: Bank interest received			(119,723) ~3,041i		(87,378)
Net cash flow from operating activities			(451,883)		(265,789)
Analysis ofchanges in net (debt)/funds
		At			At
	1	Jan 2023	Cashtlows		31Dec 2023
Cash at bank and in hand		671,170	(73,107)		598,063
Total Funds		671,170	(73,107)		598,063

Donations	and
		Unrestricted	Restricted	2023	2022
					f
Donations		1,259		1,259	1,676
Government	grants				2,667
		1,259		1,259	4,343

		2023	2022
Subsidiary	Sales	173,979	165,312
Other income			18
		173,979	165,330

		Barrymore Social Enterprise Ltd	Barrymore Social Enterprise Ltd	As reported in subsidiary	As reported in subsidiary
		Per group	Consofidation	financial statements
		Accounts	Adjustments	2023	2022
Turnover		173,979	1,125	175,103	166,772
Cost ofsales		(70,821)		(70,821)	(64,461)
Gross profit		103,158	1,125	104,282	102,311
Government	grM income				2,667
Operating	costs	(98,917)	(10,142)	(109,058)	(114,538)
Results for	the year	4,241	(9,017)	(4,776)	(9,560)

			Barrymore	Barrymore	As reported in subsidiary	As reported in subsidiary
			Social		financial statements
			Enterprises	Ltd	2023	2022
Fixed Assets				7,748	7,748	11,909
CutTent Assets				2,820	2,820	1,859
Current liabilities			(27,227)		(27,227)	(25,651)
			(16,659)		(16,659)	(11,883)
Represented	by
Share capital	and reserves		(16,659)		(16,659)	(11,883)
Investments
					2023	2022
Rents received					263,192	268,677
Service and rechargeable		expenses			119,723	87,378
Bank interest	received				3,041
					385,956	356,055

5	Incoming Resources	from	Charitable Activitie	s
					2023	2022
			Activity
	Barro~mnore House/Court:	rents	supported	accommodation	650,775	627,571
					650,775	627,571
6	Net income/(expenditure)		for the year
					2023	2022
	This is stated after charging:
	Operating leases - equipment				8,223	5,117
	Depreciation				84,596	94,624
	Auditors remuneration
	- Audit fees				9,225	7,950
	-Other fees				750	2,000
7	Staff Costs
	The aggregated payroll costs of		the above were:
					2023	2022
	Wages and salaries				509,781	475,892
	Social security costs				43,305	31,348
	Pension				26,845	20,670
					579,931	527,910

Total kcy m	anagemen	t personnel remuneration (including Employers N.I.) for the year	was f94,4	10 (2022 -	f.102,247).
The average	monthly	head count was 27 (2022:24) and the average number offull-time	equivalent	employees	during the year
was:
				2023	2022
Management
Supported	accommodation
Administration
Maintenance
Cafe
				14	15

			Activities	Undertaken
			Supported		Total	Total
			Accommodation	Other	2023	2022
Staffcosts			221,037		221,037	192,141
Rates &water			13,017		13,017	14,459
Light &heat			78,701		78,701	63,095
Cleaning			12,396		12,396	8,609
Provisions			61,131		61,131	56,390
Insurance			19,129		19,129	17,523
Postage &stationery			310		310	91
Legal &.professional			3,167		3,167
Depreciation			61,448		61,448	64,317
Leasing			4,112		4,112	2,559
Non recoverable		VAT	22,582		22,582	27,689
Bad debts			554		554	2,574
Computer costs						504
Repairs &renewals			87,749		87,749	72,531
Agency staff			11,095		11,095	3,017
Travel expenses			5,405		5,405	450
Sundries			1,064		1,064	454
Subscriptions			1,153		1,153	1,071
Governance	costs (see below)		6,484		6,484	6,468
Support costs (see below)			238,457		238,457	213,738
			848,991		848,991	747,680

Governance	and	Support costs
					Total	Total
			Support	Governance	Unrestricted	Unres tricted
			Costs	Costs	2023	2022
StaQ costs			257,658		257,658	239,089
Training costs			3,034		3,034
Light &heat			16,641		16,641	14,506
Telephone			6,796		6,796	3,327
Cleaning						126
Postage &,stationery			1,039		1,039	1,129
Advertising			418		418	1,040
Legal &professional			14,390		14,390	9,796
Depreciation			18,232		18,232	23,301
Bank charges			1,690		1,690	2,044
Multi-employer	pension scheme costs		5,324		5,324	3,921
Leasing			4,112		4,112	2,559
Interest on overdue		taxation	748		748
Non recoverabk	VAT		9,674		9,674	8,340
Computer costs			2,662		2,662	1,277
Motor expenses			2,582		2,582	1,774
Repairs &,renewals			16,275		16,275	10,190
Travel expenses			1,311		1,311	955
Sundries			2,449		2,449	2,820
Subscriptions			1,457		1,457	1,662
Animal costs			365		365	971
Auditor's remuneration				9,975	9,975	9,950
			366,857	9,975	376,832	338,777

Other —C	ost o	fManaging Investments
			Total	Total
			Unrestricted	Unrestricted
			2023	2022
Rates 8cwater			15,635	22,384
Light k heat			58,446	59,780
Telephone			6,204	7,649
Cleaning			3,138	2,527
Insurance			6,908	7,162
Postal k stationery				170
Legal Ecprofessional			1,565	1,370
Depreciation			4,916	7,007
Non-recoverable		VAT	6,007
Bad debts			1,159	(10,840)
Motor expenses			220	67
Repairs k renewals			88,607	33,111
Loss on sale	ofassets
Sundries			140	27
Governance	costs	(see Note 8)	3,491	3,482
Support costs (see Note 8)			128,400	115,089
			324,836	248,985

Tangible Fixed Assets
Group
	Freehold	Plant and	Fixtures and	Motor
	property	machinery	fittings	Vehicle	Total
Cost/Valuation
At 1 January 2023	2,780,000	13,947	425,369	4,250	3,223,566
Additions		1,093	1,481		2,574
Disposals			(15,214)		(15,214)
Revaluations	382,800				382,800
At 31December 2023	3,162,800	15,040	411,636	4,250	3,593,726
Depreciation
At 1 January 2023	111,200	13,321	338,734	2,910	466,165
Charge for year	55,600	402	31,906	850	88,758
Eliminated on disposal			(15,214)		(15,214)
At 31December 2023	166,800	13,723	355,426	3,760	539,709
Net BookValue
At 31December 2023	2,996,000	1,317	56,210	490	3,054,017
At 31December 2022	2,668,800	626	86,635	1,340	2,757,401

Tangible Fixed Assets (Continued)
Company
	Freehold	Plant and	Fixtures and	Motor
	property	machinery	fittings	Vehicle	Total
Cost/Valuation
At I January 2023	2,780,000	13,947	393,827	4,250	3,192,024
Additions		1,093	1,480		2,573
Disposals			(15,214)		(15,214)
Revaluations	382,800				382,800
At 31December 2023	3,162,800	15,040	380,093	4,250	3,562,183
Depreciation
At I January 2023	111,200	13,320	319,101	2,910	446,531
Charge for year	55,600	402	27,745	850	84,597
Eliminated on disposal			(15,214)		(15,214)
At 31December 2023	166,800	13,722	331,632	3,760	515,914
Net BookValue
At 31December 2023	2,996,000	1,318	48,461	490	3,046,269
At 31December 2022	2,668,800	627	74,726	I 340	2 745 493

							Interest in group
							undertakings
							f.
Company
Cost
At 1 January	2023
Amounts written ofl in year
At 31December 2023
The principal	group undertaking	which are aH incorporated		in England	and Wales:
							%ofissued
						Issued share	ordinary shares
			Activity			Capital	capital held
Barrowmore	Social Enterprise	Limited	Operation ofcafe				100%
CompanyNumber:08772299

Cost/Valuation
At 1 January 2023	4,810,000
Additions
Transfers
Revaluations	1,078,000
At 31December 2023	5,888,000
Net BookValue
At 31December 2023	5,888,000
At 31 December 2022	4,810,000

14	Stocks
								Company
					2023		2022	2023	2022
	Provisions				1,950		1,300	1,950	1,300
	Goods for resale				1,117		317
					3,067		1,617	1,950	1,300
15	Debtors: Amounts falling due within			one year
								Company
					2023		2022	2023	2022
	Trade debtors				105,036		82,497	104,592	82,105
	Amounts owed by group undert~							18,403	16,390
	Prepayments	and accrued income			1,020		14,282	1,020	14,282
	Other debtors				374		374	374	374
					106,430		97,153	124,389	113,151
16	Liabilities:	Amounts	falling due within		one year
						Group		Company
					2023		2022	2023	2022
	Trade creditors				9,619		21,153	7,464	18,816
	Taxation and	social security			18,819		40,689	13,110	34,761
	Other creditors				50,234		39,336	50,274	39,336
	Accruals and	deferred income			86,855		76,711	85,855	75,716
					165,527		177,889	156,703	168,629

The following operating lease payments are conunitted to be paid	over the foHovving period:
	2023	2022
Expiring.
Within one year	5,492	814
Between one and five years	7,477	2,080
	12,969	2,894

	Reconciliation of	ope	ning and clo	sing def	ined benef	it pension	liability:
								2023	2022
									f
	Present valu: of liability at start ofperiod							9,146	16,988
	Unwinding ofthe	discount factor						331	139
	Remeasurements	- impact ofany		change	in assumptions			(8)	(338)
	Remeasitrements	—amendments		to the contribution		schedule
								323	(199)
	Deficit contributions		paid					(4,606)	(7,643)
	Present value ofliability at end ofperiod							4,863	9,146
	Discount rate applied		for the year					5.31%	4.96%
19	Movement in	Funds
								Net
							At	movement	At
							1Jan 2023	in funds	31Dec2023
								f
	Unrestricted funds
	General fund						7,426,992	961,931	8,388,923
	Revaluation reserve						723,314	366,950	1,090,264
							8,150,306	1,328,881	9,479,187
	Restricted funds
	Total Funds						8,150,306	1,328,881	9,479,187

			Incoming
			Resources	Resource		Gains and
			in funds	expended	Transfer	Losses	Movement
						f.
Unrestricted		funds
General fund			1,211,969	(1,343,565)	15,850	1,077,677	961,931
Revaluation		reserve			(15,850)	382,800	366,950
Restricted		funds
Restricted	fund
Total Funds			1,211,969	(1,343,565)		1,460,477	1,328,881

			2023
	Unrestricted	Restricted	Total
	funds	funds
Tangible fixed assets	3,054,017		3,054,017
Fixed asset investments	5,888,000		5,888,000
Cash at bank and in hand	598,063		598,063
Other net current assets/(liabilities)	(56,030)		(56,030)
Creditors falling due in more than one year
Defined benefit pension scheme liability	(4,863)		(4,863)
	9,479,187		9,479,187
			2022
	Unrestricted	Restricted	Total
	funds	funds
Tangible fixed assets	2,757,401		2,757,401
Fixed asset investments	4,810,000		4,810,000
Cash at bank and in hand	671,170		671,170
Other net current assets/(liabilities)	(79,119)		(79,119)
Creditors falling due in more than one year
Defined benefit pension scheme liability	(9,146)		(9,146)
	8,150,306		8,150,306