BARROWMORE Barrowmort re51dent5 and staff th 18 Annual Report and Consolidated Accounts of Barrowmore Limited For the year ended 31 December 2025
Barrowmore Limited Contents of the Consolidated Financial Statements For the Year Ended 31 December 2025 CoDtents Page R¢f¢r¢nG¢ atld Adtnini5trative Details Report of the Tn]ste¢s Report of the Independent Auditors 9-10 C4)nsolidated Statement of Fitianci Actiwities Consolidated Balanc¢ Sheet 12 Con501idated Statcment of Cash FJow5 13 Notrs to th¢ Financial Statements 14-29
Barrowmore Limited Referenee and Administrative Details For the Year Ended 31 December 2025 Charity Registration Number: Company Registration Number: 05988028 Trllstees: Dr N V Fergu550n Mr N A Eckersl¢y TJFCArnold Principal and Registered Offiee: Bamhousc Lane Grcai Barrow CHESTER CH3 7JA Cbief Executive and Company Secretsry: Mr P Haycock The Charity's professional advisors are as followg.. Allditors- ChaTnpion A¢wun¢ants LLP 2nd Ploor Refuge Hous¢ 33-37 Watergate Row CHESTER CHI 2LE Bankers: Nttional We51tninst¢T Bank 33 FA5tgate Street CHESTER CHI ILG Solieitors: CullimoTe Dutton 27 N¢M'gat¢ Str¢¢t CHES'I'EII CHI IDE
Barrowmore Limited Report of the Trustees For the Year Ended 31 December 2025 The trustees, who are also direGtors of the charity for the purpose8 of the Companies Act 2006, present their report with the C4)n801idated financial 5tat¢tnent5 of the charity and its subsidiary for the y&ir ended 31 Decetnber 2025 which are a150 prepar¢d to meet the requirements for a dtre¢tors' report and attounts foT Compani¢5 Act PUTPOSeS. Th¢ financial statements comply with the Charities Act2011, thecomparties Act2006, the M¢morandum and Articles of Association and Accounting and Reporting by Charitits.. Statement of Recomtnended Practice applicable to charittes preparing their accounts in accordance with the Financial Rerrf)rting Standard applic&bl¢ in the UK and Republic of Ireld IFRS 102). Directors and Trustees The directors of the charitable company (the charity) are its trust¢¢s for the purpose of charity law and throughoutthis report are collectively referred to as its trustees. The Board of TTUSt¢¢S IS the hub of governance and wlicy at Bam)wmort. The trustees serving during th¢ p¢riod up to th¢ dale of this report We as follows.. Dr N V Fergusson MrN A Eckersl¢y MrA W Morrison Iresigrted 2711012025) MrJFCAmold Strn¢ture, Governance and Management Governing Document The charity is controlled by its governing document, a deed of trusL a[ constitute5 a limited company. as defin¢d by thecompanies Act 2006. Patron Barrowmore i$ tut]Y seeking a new patton forthe charity. Appointment of New Trnstees No other body is entitled to appoint trustees to th¢ charity atld appointments are made by invitatiott and election in aeeordance with the charity's policy forrectuittnent of tru5t¢¢s. Trustees are appointed ro provide the skills identified as being ne¢essdry for the good governance of BarrowThore Lirnited. The induction of new truslecs is tailored to the needs of the individual but inGludes th¢ provision of key documents and infoTtnation relating to the charity. MaDagemeDt Structure The opeT8tional manag¢m¢nt structuK of the charity has now been in place foT tt nutnber of years. The Chief Executive rewrt5 directly to the Board of TStee5 and has the responsibiliiy for the impleTn¢nt&ion of policy a5 laid down and agreed by the trustees. Reporting to the Chtef Executive are individual Tn4n4gers responsible for Housirw Estate, Mallagemcnt. and Financ£. As a charity, the requirement to mainiain light tontrol of ¢o>5t5 is paratnount. Consequently, many of our managers have dual roles and responsibilities within the man2gement struttUTe and use 15 tnade of outsourcing services such as public ttlations whereverrtecessary. Any increase irt galdry for managetnent will be discussed ata directors, mccting attd agreed at that rn¢¢ting. In the Ga5¢ of the CEO'5 muneration. any incrtBse in salary will b¢ proposed by the chairnian to the Directors foT consideTation. Risk MaDagement The trustees have introdvc¢d formal risk managetnent processes to assess business ti5ks within th¢ charity. Thi5 ha5 involved the identifiration of types of ri5k5 the charity faces, prioritising them in temis of pot¢ntia] i]npact andthe likelihood of occurrence and its effect on the charity's inc4)me and operdtional effectiveness. Initiated within and aclioned by the managetnent te8m, the exeTCi5e covers all identifjable risks wsed to the effective progress of the charity. A risk mapping exertise is undertaken within ch departtncnt. fitlY idtntifylljg wssible tisk areas b¢foT¢ evaluating th¢ potential effects base41 upon a likelihoodlitnpart ry)¢asurem¢nt. Rtsks have been identified in all Tanging from financial risks such as fraud to operational risks including loss of ¢ontra¢ts and loss of key personnel, &ff¢clEng all departtnents. Objeetives and Principal Aetiviti¢s of the Charity Mission Statement Barrowmore is a registered Charity wholly cornmitted to a5SjSting people with a disability to achieve their fvll pot¢ntial. The object of the Charity is to promote the b¢nefit of people resident in England and Walcs with disabilities or who are vulnerable. particularly but not exrlusiv¢ly-
Barrowmore Limited Report of the Trustees For the Year Ended 31 D¢cemb¢r 2025 al To PTovide the opportunity foT tnexningful employrnenl. bl To PTovide accomrnodation and support facilitie5 for people with disabilities. l To provide opportunit1¢5 for people with disabilities to achieve their full potential through education. training and assessm¢nt facilitl¢5. The Irusteeg may apply intome of the Lharity in relieving the need, hardship or distre%& of disabled persons who have been assisted PTeviously by the charily and Iheirdependenls", and the dependeni% of petsong who, at Ihe datt ()f ihtiidedih, were being assisted by the chariiy pwvided that in each tase PTeferente Shall be given to disabled persons who have seTvd in the atmed foTces of the Crown. The Vision BarrowmoiE will always provide the highest quality of care and support and quality of life for an increasing number of people with a disability or ivho are vulnerable in the North Wesl. To PTovide the highest quality support facilities for the d¢v¢loprn¢nt of people with a disability or who vulnerable to achieve their full potential through basic life skills training and ass¢ssrn¢nt facilities. To provide morc opportunitics for meaningftsl employment forpeople with a disability or who are vulnerable on the Batrowmore site and through Ihe Work Choiee Programme. To incrcasethe profileof Barrowrnore and its activities lo attract the funding and investment required from whateversourccto achieve those objeeiives. What we do Barrowmore achieves its aims ienns of the provision of meaningful tmploymtni, suproritd housing, ont to one basic lile skills tailored training and developmtni of vuknerable people with disabilities. Barrowmort has never dtfined iht disabililits wilh which wc dcal. Conscquently our bLncficiarieg may suffer from physical dibilitIes, mental health issu¥s, sensory impaimient or be wheelchair useFS. In addilion, the va%t majority suffeT frotn a learning di%ability. Further, the rnajority of aur residenls have life8lyle issues which, in addititsn tv IheiT vulnerability, TequiTe a high level of understanding und rn4nagenient by the staff. In dtternpling to provid¢ tli¢ best P055ible support for our peopl4 ivhether il be in the tield of employment. accommodation or traiiiillg, we have developed relevant infomialion systems to assess and benchmark our progress. Residents Residents ¢njoy¢d lots of social eV¢Dls in 2025 including holiday5 to I4aven Holiday Park Blackpool. to watch the final match of the season at Chester rc, a river cruise, Liverpool FC Stadiuin Tour, BBQ'S. quizzes, bingo, p)ol competitions etc. In addition. the residents have free haircuts and Iree chiropody every 6 weeks Employment The Dcpartmeni's new contracting and commissiorting procedures precluded many ehariiies and voluntary OTganisaiion ihroughoui Ihc country from participating in the new scheme. In the Ldse of BarrLiwmote this wag de%pite 11$ 80 year track record in Supported Ernploytnent. Shaw Tru%t W85 aptx)inted Prime Contractor for tll051 regions and 5ubGnntTactor5 were named, in the main, by Local Authorities. Barrowtnore Gontinue5 to employ vulneTHble people as the funding Barrowmore staff used to receive from Chhirt West and Chester for I l Barrowrnore etnployees from the Supporting People contract ceased in October 2015. Housing Barrowinore House is an establishment located on the Barrowmore site providing high quality supported accomtllodation for 39 people with disabilities or who arc vulnerable. Bam)ivinorc as part of its review in 2015 identifjed unused storage roomslunderutilised areas to incr¢¢ Ihe overdll number of residential rooms to 42 from 35 to offset the impact of CWAC cuis of £328,000. Supponing People is a dynamic programme encouraging ptople to become more independeni and, in 2006, the chariiy ideniified the problem of a shortagt of appropriate move-tsn aceomrnodation in the Chestsi area for people with a disability. 10 live more irtdependent lives. The trustees therefore sanctioned a developrnent of 14 hungalows to provide tnuch needed inteTiTn rnove-o accomEnodation for resid¢nt5 of BaTrowtnor¢ Hous¢ and other similat establishments. Thi5 was named Barrowmore Court and wa5 ¢OTnpl¢l¢d in Nov¢tniKT 2008 and is currently full to capacity. Volunteers Volunteers in 2025 we received teams from Lloyds Bank. The DWP and RSM lotalling 52 volunteers. Publie Benefit The Irusiets confjrm Ihai they have. when and where necessary lo do 80, paid regard the Charity Commission's Guidante on Public Benefjt when considering and making its dtcisions.
Barrowmore Limited Report of the Trustees For the Year Ended 31 December 2025 SuppoTied housing and 5UPPOrted living that is offered to over 60 residents at Btrn)wtllQT¢ ntInUeS to further the charity's purpose. In addition this has an overall positive impacton the local community as a lot of the residents have social issues that could potentially cause disTUPtion. Frotn a fInancial p¢r5PCCtive it would also cost moTe, which would be paid for from the public financcs, if the services that aT¢ offered at Barrowmore were to cease. The parklands, woodland walk5 and social enterprises such the Café 2re op¢n to the public to use and enjoy. Achievements and Performance Supported Employmellt Barrowmore employs 4 people in a supported capacity and self-funds due to all grants and progTAmmes being withdrawn from the loca] authority since October 2015. Sllpported Housing Barrowmore House Cottlinues io provide a Tnuch needed provision in terms of supportittg wulneTable people with a disability at assisting its residentstoward5 amore independent lifestyle.Notonly dees thepTovisioll Tnake adifference to people's lives, jt provides major cost benefits to the community- An exercise undtrtaken itt 2010 showed th4t th¢ 14arrowtnore House provision saves theLoca] AuthoTlty. the pcr and the National Hea]th Service, a significant amount of money. HoweveT the Supporting People contracts throughout cheshi We due for renewal in March 2014 but this was extended until 31. March 2015. The Supporting People contrdrt was awaTded to Stonham Hotne group. Five Barrowmore eEnploy¢¢s who were in Supporting Ptople roles TUPE'd over to Stonharn Horne Group or took redundancy. Sionhatn Home gTOUP now offer Barrowtnore residents"Floaiing Support" The cU¢t Contract expired with CWAC and Sionham Homegroup 31st March 2017. The contract was then awardtd io FoTViva who are a part of Forurw the new contract slarted on 1st April 2017. FoTViva met with Barn)wmore 14th May 2018 10 confiTtn thatthey were withdrawing Services with BarrowmoTe as from 3 1st May 2018. Thetwo Forviva etnployees that were working 5 day5 a w¢¢k on51te at Barrowtnore offering Floating Support left at th¢ end of May 2018. we no longer have any L%sist2nce CWAC or Forviva in relation to support for our residents. Barrowtnore Court, the charity's interim move-on accommodation PTOj¢Gt Gontinue5 to provide a service relevant to the needs of the S¢Tvice users. Despite funding being unavailable foT the ongoing 5UPPOrt and development of the individual residents, PTogr¢5s continues to be made in equipping the Te$idents for a final move to independent living. Barrowmore, as a long tetm ai]n, Kek5 to offer a floating support service io all ils fortner resident5 when required. Including the four refurbished bungalow5 Iri Robinson Close. Barrowmore can now offer 62 5UPPOrted roomslflats on site in addition to hou5¢s on Irons Lane which tnay become available. All service users, whether leng OT short t¢n Te5idents. ar¢ given training and instruction in developing their living ski115 to promote a more sndependeni lifestyle wher¢v¢r possible. Ourservice useTS, whetheT In Barrowmore House, Barrowmore CourtorRobinson Close, aTe encouraged to partake in allthe activities provided under the Supported Housing banner. A Soctal Committee is in operation. organi5ing visits and events on a regular basis and tnembeT5 Of the Residents, Cotnmittee contlljue to meet monthly with the Chief Executive and the Housing Manager to raise any att¢rs. 5ugge5tions or indeed any grievances which they Tnay have. Maintenance It 15 Twognised that th¢ assets of th¢ charity require agreat d¢*1 of ca, attention and expenditure each year in respectof tnaintenan¢¢ and refvrbishment, particularly the business units within the Enterprise Estate which are now in excess of eighty y¢ars old. In the main this work has been undertaken by ¢xt¢rnal traCtOrS but with ourown maintenance te2m and a training programtne in place, the benefits of utilising our own labour on SQTne rnaint¢nance aspects are two-fold. some cost savings and the opportunity for our disabled employees 10 learn new skills. It is therefore a medium temi objwtivc to upgrade the units, including possible replacement of roof4 to ty and ensure that the Estate provides a hethY income rather than a diminishing asset itt terms of profitability as it ha5 done for some years now. As well as continuing to provid¢ th¢ charity with a source of income it provid¢ fjnd tnaintain a role supporting rural employmcnt.
Barrowmore Limited Report of the Trustees For the Year Ended 31 December 2025 Parkland [espective of it5 re5pon5ibility in tertns of the charity, the directors are awarc of its stewardship rolt th respect of Barmwmore E51al¢ and it5 responsibility to ensure that the environment is Inaintained 10 Iht highest possible standard. We conlinue 10 work with anutnberof organisation5 such a5 Cheshire Wildlife Trust. fwAG and Flinishire Woodland, who have undertsken SUTveys 10 2dtnlify th¢ ways forward in Inaiiaging and Inaillrainiiig the conservation aspeci of the esiate in a coffeci manner. It Should be acknoivledgcd that the cost of mainiaining Ihc grounds and properties of the chaTity aTe extremely high the trustees are currently looking at torms of income lo help offsct this expendiiure. Residential Estate Rentals froin the residential propenies on Irons Lane. Barrowmore Court and Robin50n C105¢, 50tn¢ of which are a150 includ&J within supported housing, providc boih income generntion for the funding of our activit1¢5 and also provide accommodation foi. Some of our peoplt with disabiliiies who are able to lead a mote indendent life than those who live in Barrowmore House. Any of our properties becoming vacant 8Te let with the provision that pr¢fer¢llc¢ is given lo people with disabilities. On this basi Cheshire W#st and Chester (social servTcesl aTe notified of any vacancies and given a certain time scalc to idcniify clients who may be suitahle foT thi5 type of a0MOdation. With the problem5 outlined regarding the lack of move-on accommodaiion ttrtder Suppvrting People, the w5sibility of using vacant properties as half-way accommodation, with floating 8UPPOrt, becomes more important. The charity currently owns 14 house5 on Irons Lane. Redevelopment of tbe Estate During 2011 tlie Charity was approached by a dcvclopmeni company 10 purehasc an area vf sotne 3.1 acre5 an the west side of the estate for the provision of residential properties. This proposal would otTer the Charity the OPrtunity to redevelop the ¢as15ide of the estate. It is ticIpated that if successful, Ihc rcdtvtlopmeni would include a TefuTbishment of a numbeT of business unilstogtther with enliancement of faciliiies covering both charivdble and inL()me generating purpos¢5, along with an element of social enterprise. During 2016 Bloor Homes dccided not to pursue thiE Iiption and as a r¢5ult the planning application was withdrawn. Barrowmore insiructeAI aTLhiieLtS tu louk at a llUTnber of different sch¢m¢5 to be drawn up for public consultation. The Open Public Consuliaiion was held ai the Barrow PrimaTy %chovl for seven days during february 2018. Th¢ community had the opportunity, to look ai six differeni sLhetnes, fiv¥ dome*tiL schetnes and one coinmercial sch¢m¢. The community also had the opportuniiy lo vot¢ for ihtir prtfctred gchetne. In 2026 BarrowmoT¢ will be 5ubinitting a new application to the Planning officcr with fewcr units and an zppropriate rnix of houses that align with the Parish Council's NelbOUrhOod D¢velopmeni Plan. Bluebell Cafe The Illuebell Café at B&wMOre opened its doors irt November 2013. PTitnaTily to offer a Service to th¢ bu5ine55¢5 on th¢ Enterprise Estate and the community of Great Barrow and the surrounding areas, as well as PToviding etnployTn¢n¢ for 8 staff and nuinerous Voluntee over the past 10 years. The Blubcll Café has had a major wsilive impact by promoting th¢ charity (Barrowmore) and bringing on avcragc ovcr 300 cugtomeTS Per week tci the Barr()willor¢ F.slate. As a result the charity receive some small monciary donations along with lols of donated itetll5 such furniture and clothing for the residents in Barrowmore House. It was envisaged that the Bluebell Caf¢ was never intended lo make a profit for Barrowmore Lrd, it was iniiially sei up 10 provide a setViLe to the 24 businesse5 on the Eiit¢rpri5¢ Estate and to serve the local coinmunity as a local hub for all 10 cnjoy wilh il% beautiful location situated within the parkland of the estate. and has provcn lo be an exccllcni marketirtg itrol which has helped ¢nhanc¢ the reputation of the charity. Barrojvmore Enterprise Estate The Enterprise E5tat¢ continues io provide a level of income lo offset the costs of the Eervice pmvision and activities with ivhich the charity is involved. Ai rhe iimcof wriiing all of Ihe business units ate taken and ourTnaTn difficulty isto ensure that adequate Ineasures in ienns of maintenance are taken io ensure that the units aTe kept in a good state of repair and contiiiue to provide a level of income. Ovtr th¢ pasi fe. years over £150,000 has been spent OD the maintenance of the services infrastructure. Back in 200718 a major exercise Was undertaken to examine and Tenew a significant amount of electrical wiring on rhe estate to ensure compliance with tUtt legislation. As mentioned earlier, it should be noted that the financial returns fTOm the Enterprise Estate are declining due to the heavy [[ltenaff quirement and ithas been recogni5edthatbecause of this, thc Enterprisc Estaic in its prescni state would have a limited life but if the development plan above is approved part of the VenUe reccivtd could be utilised to actelerate the upgrading of the facilitie5.
Barrowmore Limited Report of the Trustees For the Year Ended 31 December 2025 Finaneial Revieiv Sllmmary of Year End Position The Staiementof F'inancial Activiti¢s{SOFA)for2025 i$ setoutoH pag¢ I l and showstheanalysisof thethaTity'sincotning resources Pd expenditure of those resources. The monag¢m¢nt of the charity is always constiOU5 Qf the need to maintain costs at a manageabl¢ l¢vel ]d it is pleasing to report thtt in a time of such change and development thi5 15 being achieved. The tTU5t¢¢5 are provided with management aetounting infortllation quarterly and cashflow on a tnonthly basis to ensurethat they are fully aware of the ongoing fittancial status of the organisation. The results for the year show the GTOUP'S T¢5erves are £9.175.11412024.. £9,324,482) with a group deficit in the year of £149,368 {2024- £154.705}. The ttading subsidiary. Barn)wmore Social Enterprises LiTllited. produced a loss of£8,25212024.. £7,009). The principal funding sources come in th¢ way of individual residents who are eitheT 5¢1f-funders or who re£eive a numbeT Of iDdividual benefits such as Housing Benefit, Disability Living Allowance, Person2] Independence Payments, 2nd Carers AIIow7Énce Ctc. Income frorn this area is ci)nsistent with last year. Total income has increased by £69,511 15.5 /ol ovcrall which i5 due to an increase in th¢ monthly rental amounts with rents on the investtn¢ntproperties beingincreased and housing b¢nefitfor supported accommodatiott being raised. both as aresult of the increased xp¢nditure incurred. Ther¢ ha5 been a £73,49415.2%) increase in exp¢nditUTe during the year due to an incre&s¢ in prices acr055 the trfjard, notably water rate5, insuranc¢ and staff wages. Reserve5 Policy Th¢ trustee5 and man2gtmtnl Continually T¢Vl¢W the level of reserves required by the charity. The charity aims lo have free reserves which are thost unrestricted fund5 not inve5t¢d in fjxed assets. The trustees ¢onsid¢r that a5 a relatively Small ch2rity with a fairly predictable ineome sITTll and with average monthly outgoings of undeT £IOO,000 that th¢ short lo mediutn term targ¢t for liquid assets at the end of any given month should currently be set at £200,000 to £250,000. The charity reduced it5 free ruerves position in th¢ year to £344,466 at 31 Dwember 202512024.. £439.6671 and is still in exc¢5s of its target free reserves. Restricted funds at th¢ yeaT-end amounted to £23,OI2024- £23,000) as the charity received a restricted donation in the yearended 31 December 2024. There are cutrently no d¢s1)ated funds. Plans for Future Periods The Board ha5 recognised that in addition to a¢cessing resources in tern of competitiv¢t¢nd¢ring, partnship working with otheT similar minded organisations presents a way of pooling resources and spreading risk. Further. partnerships with commercial organisations with an empathy with the airns and objectives of Barrowmort would prove iKn¢ficiaI to both parties. B8TfowmoTe recognised the need to move forward by diversifying and adopiing social enterpT15e and regeneration. Chairman's Thanks It has been a pleasure and all honourto accept to undertake the role of chairman of Barrowmor¢ in 2026. That role is mad¢ so much easier by the fact that the charity is in good hands and ha5 a board of significant collective experience and very high- quality individual skills covering all aspects of th¢ business and social aspects of the ¢harity. A5 these highly professional skills and the time given by the trustees are tsn a voluntary basis, l thank them once agafft on behalf of Barrowmore for their continued committed support during 2025. It must be noted that our grateful thank5 lThUSt go to Mr. Andrew Morrison for his excellent Service and commibnent first as a trustee and then as Chairman for the past thirteen years. Andrew was very hands on as a trustee and was instrumental in looking at the charity's fJnan¢¢s and introducing a cashflow model that has signifIcantly helped the charity and h¢lp¢d assist the CEO to manage the finan¢es on a daily basis. Givit)g clear guidance and clarity to ensure that suffjcient funds are always available and clear as to what cash there 15 available and to assist with foreGa5ting and budgeting. Mr Haycock and his stsff are again to be thanked and congratlllated on the ntInued advances that they have in 2025 in respect of the overall performance of the organi5ation. In particular with the general co]]tinued increased cost of living.
Barrowmore Limited Report of the Trustees For the Year Ended 31 December 2025 During the past year, the residents have enjoyed nuinerou5 in-house activities such as bingo. pool cott]petitions, indoor caTnival, archery, craft workshop5 and BBQ'S etc. In addition, trips to Liverpool FC Stadium tour, Chester FC, Chester river cruise, teiipin Eowling along with a holiday to Haven Holiday Park Blackpool. The residents enjoyed trips to Windermere and Fleetwood towll centres and the Blackpool Illuminations all tliese activities were provided free of charge for all the residellts and staff to enjoy. All these ongoing activities have been instrumental for the wellbeing of oui. residents, and we continue to see improvements with residellts becoming more confident and independent on a daily basis. Mr Fla)'¢ock and hi5 staff are again to be IhaDk¢d and congratulated on the continued advances that thes. have made again in r¢5pect of the ov¢rall performance of the organisation. In particular ivith the general continued increased c05t of livillg. The ojigotng significant changes that continued duringthe past ycar continued a positive and creative approach that the Barrowmore team have been able 10 create an environineni olachievcmenl in all sectors of iht business. During the pa ytar, the residents have enjo)'ed numerous in-house aLliviiies such as qUi£Lts, bingu, pool compeiilions, archery and BBQ'S eic. In addiiion, Irips 10 ing of our resident& and we %ee improvements wilh Tesidents becoming rnore c()nfidenl and independent on a daily ba%is. Coniinued works has been cotnpleted io the Tesidenis, rooms in Barrowtnore House, full refurbishment$ 10 iRclude, new bathTooms suites. full redetoralion alon8 with neiv ftooiing In addition wark5 have been cotnpleled to propertie8 in Iron5 Lane, BarrowrnoTe Court and Robinson C.105¢ to include n¢w fitted kit¢h¢n5, bathroom5 new flooring and full Ted¢coi'ation and external UPVC window5 Dd doors in Irons l.aTre. It has been very encouraging that we have through continued prudeni managtmcni been able to continue 10 modemise and improve the accotninodation for our resideiiis although our ¢hflOW levels decreased a little this year this Ivas expccttd we are confideni we can achseve one of our critical aims of achieving a more coinfortablc protecrive fthancial status for the charity to enable us to withstalld any exceptional major challenges whilsi continuing 10 achitvt our social aims as siaicd above. On behalf of myself and my fellow diTectOT% I should like 10 express our gTatitude to Mi HayLock and the staff that have cvniinued tu work thri)ughaut 2025 and the ongoing cotllTnilrnent to the re5ideDt5 and the tharity as a whole and for th¢ very PTofe55ional manner in ivhich they have 4ddr¢ssed all challenges in 2025. Trustees, indemnity Arrangementy Individual indetnnilies have been provided to the Ituste&5, under which the COTnpany has 8greed to indetnnify the trustee5 to the extent p¢ttnitted by law ID T¢SP¢Ct of all liabilities to third port1¢5 arising out of, or in nneCtIOn with, their execution of th¢rT powers duti¢s and responsibilities trustees of the coiiipaiiy. These indemnities arc qualifying Third Party Indeinnity Provision5 as defined in Section 236 ot. the Lompanies Act 2006 and copies are available for inspection in the oftice during norinal w'orking hours. Auditors In accordance with the coinpany's articles, a re501ution proposing that Chatnpion Accountant5 LLP be reappointed a5 auditor or th¢ conip any will be put at a General Nqeeting. Statement of Trustees Responsibilities The ¢harity tSte¢S (who are also the directors of Barrowmore Limited tor the purpose of Company lawl are responsible for preparing the Report ot. the Trustees and the financial slateinents in accordance with applicable law and Uniied Kingdom Ac£ounting Standards {United Kingdorn Generally Acccpttd Accounting Practice}. Company law Tequires the trustees to prepare financial stalernents for each finaiicial year which give a true and fair view of the state of affairs of the charity and the group and of ihe incoming resources and application of resources, including the income and expenditure. of the charitable group for that period. In preparing those flnancial statements. the trustees are required to.. Select suitable accounting policies and tlien apply thern consistently., obstrve the mcihods and principlcs in Ihe Chariiics SORP 2019 IFRS 1021. rtmke judgements and tstimaies that aTe re&%onable and pdent. slate whether applicable UK Accounting Standard5 hav¢ been followed, Subject to any mateTial departLlfS disclosed and ¢xpl&ined in the financial statements,. prepare the fjnancial statements on the going concem basis unlw it Is inappropriate to presume that the charity will continue in operation.
Barrowmore Limited Report of the Trustees For the Year Ended 31 Dember 2025 The trustees are responsible for keeping adequate accounting records thAt disc105¢ WTrth Teasonable accuracy at any time the financial P051tion of the chaTltable group and enable them to ¢nsurt that the financial statements cotnply with the Cornpanies Act 2006. They are also responsible for safeguarding tht assets of the ciwity ond th¢ group and hence taking reasonable steps forthe prevention and detection of fraud and othtr irregularities. In so farasthe trustees are aware. atthetimtof approving OurtsSteeS. atmuti P)rt.. there 15 no relevant audit infonnation of which the charitable CoMpY'S &uditor5 are unaware; and the trustets have taken all stepg that they ought to have taken to make themselves aware of any r¢levant audit information and to esl2blish that the auditor is &WaTe of that information. This Twrt ha5 been prepared having taken advantage of the sma]I c4)mpanies exemption in the Cornpanie5 Act 2006. On behalf of the Board.. Dr N V Fergusson Trustec 22 May 2026
Barrowmore Limited Independent Auditor5, Report to the Members and Trustees of Barrowmore Limited For the Year Ended 31 Deeember 2025 Opinio We have audited the atLounts of Barrowmort Limited {th¢ 'charity'} and its subsidiary (the 'group'l for the year ended 31 Dec¢mbEr 2025 which comprise the Consolidated StateTnent of Financial Aaivities, the C'onsolidated and Pareni Balance Shtel5, the C.oD501idaled Siatemenl of Cash Flow and th¢ not¢5 tij ihe aecounis. includinn a suinmary of 5i¥nificdni accouniin¥ polici¢5. '1'he finaticial reporting frainework iliat ha5 been dpplied in iheir preparalioii is applicable law and United Kingdom Accoiiiilingl StanddTds, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ire12nd (United Kingdom Generally Actepied AcLouniin8 Praclicel. In our opinion ihe 2ccounls'. ¥ive a trLie and fair view of the Stale of the group's and charity's affairs as at 31 D¢ceTnbeT 20?5 and of the group's inLomins rewurees and application of Fesources, intludin¥ i1% Income and cxpendilure, foT the year Ihen ended; have bten properly prepared in accordanee with Ilniied Kinsdom Lenerally Accepted Accounling Praciice., and have been prepared in accordance wilh the requiTements of thc Companies Act 2006 B#sis for op110 We condiicted oui audit in accordance with International SiandaTd% on Auditing IUKI IISAS IUKII and applieable law. Our respon5ibilili¢s uDdeT ihtsse siandards are further described in the Audili)I'S Te%paiisibiliiits for the audit of the finanLial staiemenls se¢tion of OUT report. We are independent of the group 3nd LhilY in aecordance with the ethical requirernents Ihat are relevaiit lo our audil of the dLcounts In the UK, including the FRC.'s EihiLal Siandard, and we have fulfilled OUF other eihical rcspoNsibilitie5 1 acLordance with these requiraMent5. We believe that the audii evideiice we have obtained is sule1ertl and appropriate tv provide a basis r(Ir our opinion. Conclusions rel%lin2 to Eoing Co(er In auditing th¢ financial stat¢meDlg, we have concluded that the trustees, use of the gioin¥ eoncern basis ofaccounting Sn the PTeparniion of the financial staternents 1% appropriate. Based on the work we have p¢rform¢d, have not identified any material untertainlies relaiin¥i TO events or conditions ihat, indiwidually or colle¢liv¢ly, tnay si¥nilicaIii doubl on the group and C'hdrity's ability 10 continiie as a going concem for a period of ai least twelve month5 froEll when the tinancial staiemenls are auihori5ed for issue. Our responsibilities and the responsibilities of the irtjslecs with respect to gjoing concern are described in the relevant 5eclion% of Ihis report. Other iDformatkTr Th¢ other inlormation comprises the inforrnatioii iD¢luded in the Iru%ie<'s annual report, oihtr than the rtnancial siaitm¢nls and our auditOT'S reptsrt ihereon. The iriislees are responsible for ihe other infomiaitoii coiilained wiihin the annudl report. Our opiiiion on the rinancial SL8ltinettls does not cover the other infortnLtiort and, excepi 10 the eXtt otherwise expliciily siaied in our report. we do noi xpress any fi)tm ot'assurance conclusion thereon. Our r¢spon.%ibility 15 Its read Ihe other informaiion ar¥d, in doing so, consider whether the oiher infomialion 1% Tnaierially inconsiste1 with the findnLial siatemenis or our knowledge obtained in the cOue i)t' IhL audir or oihtrwise i< ppeJr5 Iv he nlaieiially missiated. It we identify sueh maieTial inconsislenc5¢5 or appaTenl TnateiiJl inissiatLmenis. we are required to ddertnine wheiher this gives rise lo a TTralerial missiatemeni in the financial slal¢m¢nlS thernselves. If, b2%ed on the work wt have rrI)red, we conclude that there is material missialement of this other information. we are required to repon that fact. We have nothing to report in this regard. Opinions otb¢r tnxtters prestribed by the Coillpanies Acl 21106 In ovr opinion, bas¥d on the work undertakeii diiring the audit- the information given in the trusiees, report (incorporating the directors, report prepared for the purposes of toimpany lawl ror the financial year for which the fInl¢la[ statements are prepared Is eonsistetii with the financial statetnents- and the direcloT5' reptsrt lineluded williin the trustees report) has been prepared In accordance with applicable legial requireinents. MatteTS on wbich we #rt re4uired to report by exceptio ID light of the knowledge and understhnding of the gTOUP and Charity and lis eiivironmenl obtained ID the t()UTse of the audit. we have not identified material misslatemet)Is in the directors, Teport (included within rhe trustees, report}. We have nothing 10 Teport in respeci of the following Inatters in relalTrvn Iv which Ihe Companies Act 2006 require us 10 report to Jou if, in our opinion.. adequate and suJfici¢nl 3¢eounling records have not been kept by the paTent ¢harilable company. or retUTn5 ad¢qu2ie for our audit have iiot been r¢¢eived fTom bTanLhes not visited by us; or the parent charitable Lompany's financial statements are not in a¥reetnenl wilh the accounting records and return%,' or certain disclosures of diieclors, reTnuneraiion specifi¢d by law are not IDad¢,- or we have iiot received all th¢ infortnaiion and explanaiions we r¢quiTe foT our audit. or the trustees were not entitled to prepare the financial siaiements in accordanc¢ with the small companies, regime aDd ¢dke advantage of the sThall ¢omp#nies' exemptions in preparing the director5, report.
Barrowmore Limited Jndependent Auditors, Report to the Members and Trustees of Barrowmore Limited For the Year Ended 31 December 202.5 Respothsibilitits of tru$tee$ As explained mi)re fully in the Ststemeiit of Truslees, Responsibilities, the trustees, Iwho are also the directors of the Charity tor the purposes of coinpany 12wI are re%ponsible fvr the preparatioii of the financial stalemenis and for being satisfied thai they give a true and fair view, and tor such Internal control the tTuslee5 determine is nec¢ssary lo enable the preparaiion Orrine]a1 SlalerDenlS thai arc frte from material rnissialeiiienl, whether due 10 fT2ud or error. In preparing the financial statements. the tru%iees are re5pvn8ible for Sessing the gkroup and Charity's ability lo continue as a going concern, disclosin¥ as applicable, mailers Telated 10 going Concern and using the L?oino concem basis of accouniin¥ uiiless ihe trublees either itstent to liquid21e the or Charity or to Leige operatlOll5. or have no realistic altcmative but lo do so. Auditor's responsibilities (or the audit ofthe financial 5tatement5 We have been appoinled auditor under the CoiDpanies Act 2006. Our objectives are io obthin re&%onable a55urance abolit whether the financial statement% as a whole are fTee frorn niaterial rni5Staternenl. whcther due to tr2ud or erroF, and to 15sue an auditorfs rep)n that incliides oiir opiiiion. R&isonable assurante ?.% a high level of siirance, but is not a gu2raniee that an audii conduLled in aLcordaDce with ISAS IUKI will always detect a material missiaieillenl when it ¢¥ists. Misslaleinenis can arise from traud or error and tre considered tnaterial if, individually or in the aggrcgate, Ihey Could reasonably be expeLled lo influence the economic decisions of users taken on the b&%is of these financial 51al¢m¢iits. The responsibility tor the prevention 2nd deteeiion of irregTul2ri¢ies, including fraud. lies with the trustces and with those Charged with goverjianct of the charity. The objectives of our audit in respect of iTregJuSarilies and fraud aretoassess the risk of material misstaiement of the finaiicial statements due io frdud. io tsbiain sulYiLienl, appropriate audit evidence reglarding the assessed ri%ks and to Tespc)nd appropriately to fraud or sU5P¢Cted traud identitied during the audil. W¢ determi1)¢ significant applicable laws dnd Tegulations through discussion with those charLyed with 0vernance ofihe charity and OUT own knowledge ot the charity sector and dtsi¥n audil proeedure% 10 help identify instances of non-compliance wilh thosc laws and regulation5 that n)ay have a material etfect on the tinancial statemenls. We consider the applicable laws 2nd rebiulations io be the financial reporting framework IFRS 102 and the Companies Act 20061, Charity Law. the Televant tax reoulalions in the UK. enipl()ymeni Idw, the Healih and Safety at Work Act 1974 and Safeguardinb We consider the control environment and the PTtsLedures ID pl3ce lo address tdenlified risks, Including management override. iion-compliance with 14LWS and regulations and to PTevenl and detect fraud or irregularity. Our procedures are desigiied to provide rei%onable 35suranc¢ that ihe financial sialenients are free from maieTial tni5Sts1ement OT error and iiiclude.. enquiries of manaL>cJnenr and of Staff Trp key compliance functions; review of minuies of meeiings of th05¢ Charged with governance,. rewiew and testing of manual journal% and si¥nificanl Iran5aclioy)s outside the normal course of business. review of financial Statement disc105UTe5 aiid teslinu lo supporting docurnenh2tion: perforniance of analytical procedures. We 2Te not responsible for prewenling iion-compliance and due io the Inherent limitations of an audit, as described above, the audit cannot be relied upon to detect all instances of non-cornpliance with 13W5 and regulalions. A further description of our responsibilities for ihe audit of Ihe financial slalements is located on ihe Financial Reporting C.ouncil's website at.. http'.Ilwww.trc.or¥.uklauditorsrespon5ib51itl¢s. Thi5 de5CTlPtion fortns part of our auditorfs report. I15e ofour report This report is tnade solely to the charitable company's members, as a body, in accord3nce with Chapter 3 of Part 16 of the Collipanies Ati. OUT audit work has been undertaken so thal we rniLht stale to Ihe charitable Lonipdny'5 membeTS those matter5 we are required to slate io theni in an auditors, report and for no other purpose. To the fullest exient penllitted by law, we do not accept or assuine responsibility io &iyolle other than the charitable company and the chariiablt company's membeTS as a body. for our audit work, for this report, or for the opinions we have foTmed. Ilr,dw IIpL4tcd Andrew Hopwood (Hohs) FCA SenioT Sthlutory Auditor For and on behalf of C.harnpion Accountant5 LLP Statutory AuditOT 2nd FIooT, Refug¢ House. 33-37 Wdtergate Row CHESTER CHI 2LE Champion Accountants LLP is eli¥ible to acl as an auditor in tern)s of Section 1212 of the CoTnpanies Act 2006. Date.. 22 May 2026 10-
Barrowmore Limited Consolidated Statement ofFinancial Activities {Ineorporatlng Income and ExpendStur¢ Aeeount) For the Year Ended 31 Deeember 2025 2025 2024 Totxl FndS Unst£ted Fu Restricted Total Funds Not¢s Income xnd endowments from: Donth)ns illld legAcies 550 550 28,168 Chlliitable aetivittes Supported aecomTN)daith)n 670,421 670,421 627.634 Othertradi8 activities 181,416 184.461 Investments 4117,501 487,505 430,113 Total ineome and endowments 1,339,887 1,339,887 1,270.376 Expenditu on: Rolsig ful5 SubSry- cost ofsaks SUbsry- Operati costs 68.377 120,351 68,377 120,351 72,764 117,744 ChAritsblt activittes 992,838 992,838 910,581 Other- Cost of rnAnaging investments 307,204 307,204 314.186 Total expenditure 1.488.769 1.488.769 1,415,275 Net gains on investments Net income 1148,8821 (148,8821 (144,899) Transfe17 between funds 19 Other recogni5ed gainsl(losses): - Gli$ on rtVAltl&ll of frteltold pN>perty - AtturiAI gatnsl{losstsl on defitted nefit 510 pla 14861 1486) 19,8061 Net movement of funds (149,3681 1149,3681 (154,705) Reconciliatio of funds - Totsl funds brought forwAnl 9,301,482 23,000 9,324,482 9,479.187 - Totgl fuThds earried forward 9.152.114 23,000 9,175,114 9,324,482 Th¢re ar¢ Do Twogni5ed gain5 ldI055¢S Other than a5 5toted above. All incotne and expenditure deriv¢ from continuing activities. The note5 form part of these financial statements.
Barrowmore Limited Consolidated Balance Sheet For the Year Ended 31 December 2025 2025 Gmup 2024 2025 Conyny 2024 Con4)Ally Grtbup Notes xed assets Tangbk assets Inve5trnts - Itwesthrts nsub5idw . Investttrt wperty 2.919.648 2,973,815 2,915.907 2.970.174 12 5,888,000 5,888,1 5.888,0(Xl 5,888,000 8,807,648 8,861,815 8,803.908 8,858,175 CllnTnt assets Stocks Debiors Cash atbank aNi 14 15 3.471 97,628 422,943 5,049 163.227 476.986 2,152 124,140 420,412 3.722 184,405 475,074 524,042 645,262 546,704 663.201 Liabilities Amunts withi) year 16 (149,034) 1172,5321 (136,0341 (163.1621 Net cunTnt assets 375,008 472,730 410,670 500.039 Total assets le55 eurrent liabilities 9,182,656 9.334.545 9,214,578 9,358,214 Defined benefit e]ll s¢htmt Il*blllty 18 {7,5421 {10,0631 17.5421 (10,063) Net aets 9,175,114 9,324,482 9207.036 9.348,151 The fund5 of the charity: unrestited fitMIs.' . Gera] fillyl 20 19 19 8,108,862 1,043,252 ,234,724 1,066.758 8,140,784 1,043,252 8,258,393 1,066.758 23,1>00 RestrKted 0e fills 19 23.0(K> 23,000 23.000 Total funds 9,175,114 9.324,482 9,207,036 9.348,151 The trustees have prepared group accounts in accordance with SeGtion 398 of the Companies Act 2006 and Section 138 of the CharitlBS Ad 2011. The annual accounts are requiTed by th¢ Companies Act 2006 and are for circulation to members of the tOTnpany. The financia] statements were approv¢d by the Board of Trustees on 22 May 2026 and were signed on its beha]f by.. Dr N Ir Fergus8on Company Number.. 05988028 The not¢5 form part of these financial statement$. 12-
Barrowmore LimAted Consolidated Statement of Cash Flow For the Year Ended 31 December 2025 2025 2024 Cxsh 110 ftDm optrntig Aetivittes 1509,8541 {524,8511 CAsh 110Ths fmm investing aetivities Rent receiNed Ser¥ice and Teclwbk expertqes Pa)Tnettt$ 10 aequtre E%ed assets Bank nierc re£eivtd Cash flow5 frDm finantiNg #etivitit$ Pen5A)n scheme expenrs RepairI ofF[K)n dekit 352,341 135,160 128,6831 298,194 131,920 121,7331 13,007) 14,6061 ItTheaseJldeCe} cash and cash equivaknts (54,043) {121,0771 Cash ar hUlVa1errfS at the benorts year 476,986 598,063 C#sh and tash equivaltnts #t the ertd of tht ytar 422,943 476,986 RetoneiliAtion of net intomtng 50e8 trnnsfeTh to net cash tlowfrnm opernting activitte5 Net ve[n¢t ofWs DepreLEItK)nl1rnp2innt Lharge IITLTL'L)1dLLfL'asc til siock 1]raSeYdecreast til debiors Increasdldecre8sel lli creditor8 L£ss: Unreak%ed net on investnrt LE55: Unr¢alis&J netgaiFL4 on revakwtK)nof fr¢ehoid ppertY LE55: AthHrHI (gainybss on defined beneft trEP. tKS5: Rent rtIrd LKss'. Service aThJ Irclwg¢abk L£ss.' Bank ll]t¢r¢5t received {149,368) 82,85Q 1,578 65,599 {23,498) {154,7051 101,935 (1.9821 {56,7971 7,005 486 1352,3411 1135,1001 9,806 1298,1941 1131,920) Net t#sh ffow from operatingactwities (509.854} {524.8511 Allalysis of changes in net (debt)Ifunds At l Jart 2025 C*shflow5 31 Det 2025 Cash at bank arvj I[1 476,986 154,043) 422,943 Totsl Funds 476.986 154.043) 422.943 13-
Barrowmore Limited Notes to the Consolidated Financial Statements For the Year Ended 31 December 2025 A¢¢ounting Policies Accounting tonvention The financi&l statements have been prepared in accord2nce with Accounting and Reporting by Charities.. Statement of Recornrnended Practice applicablc to charities preparing th¢iT accounts in accerdanct with the Financial Reporting StfjndaTd5 applicable inthe UK and Republic of ITeland {FRS 1021. Charities SORP IFRS 1021 and the CoTnpani¢5 Act 2006. Barrowtnore Limited meets ihe definition of a public benefit entity under FRS 102. Assets and liabilitits are initially recognised athistorical cost or tran5aGtion value unle55 otherwise stated in the relevant accounting wlicy note below. The financial statements art prepared in steTling, which is the fvnctional currency of the charity. Monetary amount5 in these financial statements are rounded to the nearest £. Basis of consolidation The Consolidated Statement of Financial Activities. the Consolidated Balantt Sh¢¢t ?d the Consolidated Stattment of Cash Flows include the financial 5tatemellts of the company and its subgidiary undertaking5 made up lo 3 IstDcccmber2025. The 2re urtifortn FK)licies across the group and inirn group trans&ction5 are eliminated on consolidation. Consolidation 15 on a lint by line basis. A separat¢ Statement of Financial Activities and Income and Fxpenditurc Account for rhe charity has not been presented becau5¢ th¢ chaTity has taken advantagc of the exemption affoTded by Section 408 of the Companies Act 2006. Going Co]Jc¢r The trustees feel that Barrowmore is well placed to negotiate the cha]lenging conditions turrently faGing the UK economy. The charity's income, the rnain, is government filnded by Cheshire West & Chester via Housing Benefjt payments and its current Icvel of cash is positive. Its fTtehold property is unencumbered, which Eives th¢ trustee5 comfort in being able to meet th¢ Charity's liabilities forth¢ coming 12 mollths. Sn reaching their conclusion, th¢ trust¢¢s have considered the company'5 tnonthly cash flows and applied sensitivity analysis as appmpri4t¢. Barrowmore'5 income is 650/0 residential 2nd 35 /0 commercial. Barrowmore are actively seeking funding from grant5 from external sources. After¢onsideration of a]1 factors, the truste# n1uE to adopt the going conrn basis llj preparing the finan¢itiJ 5t&tements. The funds of tht thxrity Unttstricted funds ore thosefiind5 foruse atthe discretion ofthetrustees in furtherance of the general objectives of thecharity. Restricted fulld$ ar¢ thos¢ fund5 which are to be used in accord2nc¢ with 5p¢cific restrictions imposed by donors. Incomillg rtsources All incoming reSOUT¢¢5 are included on the Statement of FinanGial ActLVltie5 when the charity is legally entitled to the in¢ome and the gmount can be quantified with reasonable accura¢y. Inv¢sttn¢nt income comprises rents receivable, service and rechargeable expenses and inteTest on c45h baJancc5, and is recognis¢d on an accrual basis. In re5pectof 'Othertrading activities, revenue PreSentS the atnountreceived orreceivable foT good5 and 5¢rv1c¢5 sold during the year. exclusive of Value Added Ta%. Revenue i5 recognised in the flnancial staternent5 when tbe good5 are sold to the Customer. Café sa]es are made in th¢ Unittd Kingdom and are usually in cash or by debitlcredit card. Donated stTvices and facilities are included at the value 10 the charity where this can b¢ quantifjed. No amounts are in¢lud¢d in th¢ financial gtateTnents for time donated by volunteers. Resourtt5 eip¢rJded ExpenditUT¢ 15 occounted for on an accrnals basis and is re¢ognE5ed where there is a legal or constructive obligation to pay.. Raising fund5 includes costs ofcosls of non-charitable trading. Cost of Charitable activitics relate to the work carried out on the core purpose of assisting people with a disability. GoveTnanc¢ costs comprise all u)Sts involving the public accountability of the charity and its cornpliance with regulation and good practice. Where govemance costs carmot bcdirtctly attributed, they are split650/0 across charitabl¢ activities and 35Q/o arc allocated lu 'OtheT- Cost of tnanaging investments,. Support C4)sts are those costs inGu¢d directly in support of expenditure on the obj¢ctlV¢5 ofthe charity. Where support COSts cannot be directly attributed, they are split 65% to charitable 2diviti¢s and 350/Tr are allocated to'Other- Cost of Jnanaging investtn¢nts'. 'OtheT- Costs of Tnanagillg investments. arethe eo$ts 8s$0¢iated with managing and maintaining the Ertierpri$¢ Estat¢ togeiher with th¢ PToperti¢s on Irons Lane. b} dl 14-
Barrowmore Limited Notes to the Consolidated Financial Statements For the Year Ended 31 December 2025 Tangible fixed assets Freehold buildings ar¢ included at valuation. Fom)al valuations are performed every three years. All other tangible fixed assets art included at cost. DepcIallen is provided at the following annual ratcs in order to write off each asset over its esrimaied useful life. Freehold propeny Plant and tnachinery Fixture5 and fitting5 3¥0 on cost Motor vehitle 2/9 Oll Cost Capital iteTns w5ting le5Sthan £1,000 are written off a5 an ¢xp¢n5¢ as acquired., this mor¢ accurntely reflects the assets. useful life. An ainount equal to the excess of the annual depreciation charge on revalued asset5 over the notional hisiorical cost depreciation charge on those assets Is trSferred annually from the revaluation reserve to the generdl fund. io IO% on cost Fixed asset inYe5tments Investment properties are included in thc balance sheet at fair value. Barrowmor¢ Limited holds a fixed asset invesiment sn it5 subsidiaries at cost. Stoeks Stocks are valued at the lower of cost and nci realisable value. after making due allowance for obsoleie and slow moving items. Debtors Trade dtbiors Inclde resident reni invoiced and recovernble at the year end. Prepaymenis and accrued income include expenditure items paid for or invoiced in advance and Tesideni's rents due bui not yet reLovered at Ihe year end. CAsh at bank hand Cash al bank and cash in hd includeE cash and short lerrn highly liquid investTnents with a short Maturity of thTte months OT fortn the dale of aquisilion oropening of the dep051t or Similar account. Creditor$ &nd provisions CreditOTS and pwvision& are T¢cognised where the Charity has a present obligation resuliing from a past event that will Probably r¢5uII in thetransferof funds to a third paTty andthe amountdue to settle tlieobligation be rn¢asured or¢5timated Teliably. Creditors and provisions are nomally recognised at their settlement amount. Deterred income include5 residents rents received in advance which relate to a period after the year end. Financial instruments The charity only has financial assets and fmancial liabilities of a kind that qualify as basic financial instNments. Basic rjnancial insirumenis arc initially reco5wiscd ai irdnsaLtion valuc and subsequently measured ai Ihcir sciilcmcnt value with the excepiion of bank loans Ivhich are subsequently measured at Ihe carrying value plus aecrued inierest less repaymenis. The rJnancin¥ charge 10 expendilutt is at a Lonsl&nt Tate Ldlculated using the effeciive inierest Tnethod. Pension costs P¢n5i0n cost5 for the company's d¢fin¢d contribution schetne are charged against income in th¢ year in which they are incuiT¢d. The company also participates in a multi-employer defined benefit schem¢ details of which are contained ill note 18. Operating leases Rentals paid under operating leases are charged to the illcomt and expendimre on a straight-line basis over the period of the T4xAtion As a rcgisicrcd chariiy. thc company bcncfjls Irom rates rtlicl and is gcncrally exempt from Income Tax. Coryoraiion T& and Capital Gains TaK but not Value Added T. Irrecoverable Value Added Tax 1% %hown 2% a separate cost. 1&
Barrowmore Limited Notes to the Consolidated Financial Statements For ihe Year Ended 31 D¢¢ember 2025 Government grants Governrnent grants are reco)is¢d at the fair value of the asset rettived OT Tec¢ivabl¢ when there i5 reasonable a55urallce that the grant conditions will be met and the grants will b¢ received. A grant that specifies trf0mlante tA)nditions is rwogni5ed in income when the perf0M)ce conditions are met. Where a grant do¢s not specify performance conditions it is recognis¢d irt income when the pn)ce¢ds T¢c¢iv¢d or receivable. A grant Teceived before the Cognition criteria are satisfied is recognised as a liability. Company status BUOw0re is a company limited by guaranttt. The members of the cotnpany 9Te th¢ trustee5. In the event of the charity being wound up. the liability in rtspect of the guarantee is limited to £10 p¢r m¢tnb¢r of the charity. Volunteer5 Th¢ value of services provided by volunteers 1$ ttot incorporated into the financial statements. Further details of the contribution made by volunteers c2n bt found in the Trustees Annual Report and note 2. CritÉC91 aeeounting estim*tts and judgements In the applicationofthe charity'5a¢wunting wlicie5, thetrustee5 are requiredto make judgements, estimates and assurnptions about the e8Trying amount of assets and liabilities that are not readily apparent from other sources. The estirnate5 associated assumption5 are based on historical experience and other factors that are considered to be Televont. Actyal results may differ frorn th¢s¢ e5timat¢5. The e5titnates and underlying assumptions are reviewed on an tsngoing basis. R¢vi510ll5 to a¢wunting estimates are recognised in the period in which tht tstimate is revised where the rvision affects only that perio or in the period of the revision and future periods where the revision affects both current and futUT¢ periods. The ¢5timate5 and assumptions which have a signifieantriskof causing aTnat¢Tial adjusttnetlt to the carrying amoutltof assets and liabilitie5 are as follows. Key sources of estimation uncertsinty Valuation of fixed Assets The financial statements are made up mostly of fixed ass¢t5 and the invcsttnent property. therefo the value of the assets is key to th¢ accounts. Financial impact of the inco]Tect viluation of an assetcould pot¢ntia]ly b¢ high. Donatiolls and legacie$ Unre$tri¢t¢d Restricted 21125 2024 Donation5 550 550 28.168 550 550 28,168 In 2025 the charity receivedvolunteersupportof 52 volunteers12024.. 1271 from th¢ 51aff atLloyds Bank. DWP and RSMUK. In accordance with accounting standard& the ecottomic contribution of generdl volunt¢er5 is not included in the accounts. 16-
Barrowmore Limited Notes to the Consolidated Financial Statements For the Year Ended 31 December 2025 Otber trading a¢tivitiey 2025 2024 Subsidiary Sales 18J,416 184,461 181,416 184,461 Barrownore SociAI Fmterprise tAd Per group Consoli¢kntion Accounts Adjustments As reprtedtn sllknldary flngntlgl statements 2025 2024 Tumover Cnst of sales 181.416 {68J771 1321 181,384 168,3771 184,441 172,764) (koss profit 113,039 132) 113,007 111,680 Operating sts 1120J511 I8} 11212591 1118,6891 Results for Ihe year 17J121 19401 (8.2521 17,ory)I Th¢ eompany owned IOOO/i of the share ¢dpit41 of Barry)winoTe Social Enterpri5e5 Liillited at 31 Dec¢rnb¢r 2025. The subsidiary is registtTed in England and Wale5. Barroivmor¢ Social Enleryri5e5 Lirnited's principal activity 15 that of café opeTator. The lrnding r¢5ults aT¢ Set out above. In the year, Barrowmore Social Enierpriscs Liiniled took advanlagt of exemption from Ihe audit of iheir individual accounts under section 477 of the Companies Aci 2006 relaiing to small companies. At 31 De£ember 2025 the company's assets, liabilities, share capital and reserve5 We.. BArrowThore Ststi#l FLterwlses Ltd As rep)rtedin slllk8ldiAry ritt8n£i#l $tate]n¢nts 2025 2024 Fird A55ets Current Assets Cllrreni liabililies 3,741 4,307 (39,9691 3,741 4,307 {39.9691 3,641 4.4( 131.7181 (31,921} (31,921) 123,6681 Represented by Share capital and reserves {31,9211 I23,(8) 17-
Barrowmore Limited Notes to the Consolidated Financial Statements For the Year Ended 31 December 2025 lllvestmellts 2025 2024 Rent5 received Service and rechargeable e)penses Bank interest received 352,341 135,Ifrf> 298,194 131,920 487501 430,114 Ineoming Resources from Cbaritable Activities 2025 2024 Attiiity supported acconllnodation Barrowrnre Hollselcourt.. ttnts 670,421 627.634 670.421 627,634 - 18-
Barrowmore Limited Notes to the Consolidated Financial Statements For the Year Ended 31 December 2025 Net in¢ome/(expenditure) for the year 2025 2024 This is ststed after charging.. Operating leases equipinent Depreciaiion Auditors remunerhtion - Audit fees -other fees 5,289 8n.460 5,2( 97,828 10,750 1,632 Staff Costs The aggregated payroll cosis of the above were.. 2025 2024 Wages Mrtd salaries &)cial security C05t5 Pension 571,817 53,492 25,607 528.734 49,477 21,095 650,916 599,3ll6 The figuresabovedo not include agency cost8of£3,45012024.. £3,836lwho cov¢rfoT holidaysand sickne55QT Staff 5hortag¢5, OT redundancy e4)sis of £Nil12024.. £Nil}. The Irusiees recei¥cd no cmolumenls OT otheT benefits 3nd there were Iso trustees ¢xp¢n5¢5 paid for the year ended 31 Dtctmber 202512024..£Nill. There wa5 1 ¢tnploye¢ ¢arDing taxabl¢ einoluments within the £1 10.000 10 £120,000 rdnge 12024.. 1}. For staff whose etnolutn¢ii15 ¢xc¢¢d £60,000, pension contributions amounting to £4,676 were paid for bcnefiis under a defined coniribuiion P¢D5ion 5ch¢me (2024.. £4,108). Total key management personnel remuneration (including Employets N.I.I for the yegr was £106.42012024. £92,243). The average monthly head count 2812024.. 271 ?nd the average nutniKr of full-time equivalent employees during the year was.. 2025 2024 ManagenKnt Supported accomnx)dation AdnunistratK>n matenance Cafe 13 19-
Barroivmore Limited Notes to the Consolidated Finaneial Ststements For the Year Ended 31 December 2025 Expenditure on Cbaritable Activities S1)rted Accon]modation Total 2025 Total 2024 Other Staff costs TraIng costs Ratcs & water Light & heat Cleaning Ptovisions Insurnn¢e Postage & 5tationeiy Ltgal & professional DepTeciation t£asing Non COVebIe VAT Bad debts Motorepoen5es Repai & renewaIs Agency staff Trnvel epoenses Sundries Subscriptions AnllThl costs ovemance ¢ost515¢e iKlow) Support ¢osts Isce lOw) 287.125 287,125 3,4(r2 103,975 81265 31,924 63,367 38,445 150 103,975 81,266 31.924 63 J67 38.445 150 95,6( 21277 61,481 27,079 688 75,857 2,630 21330 947 61,437 1fv15 14,544 11301 61,437 1615 12JOI 53,440 3,450 2,392 433 1,847 53,440 3,4> 2J2 433 1,847 77,6K2 3,416 3,467 231 1,892 267 7.721 253.200 8,211 225,886 8211 225,886 992.838 gKJ1838 910,581 Of th¢ total expendire on charitable activities £992,838 12024 £910,581) wa5 unrestricted and £Nil 12024 £Nill was TestrGt¢d. 20-
Barrowmore Limited Notes to the Consolidated Financial Statements For the Y¢ar Ended 31 December 2025 Governance and Support costs Total Unrestritted Total Unr¢5tri¢t¢d 2024 Sllrt Costs Gowrngllte Costs 2025 Staff ¢05ts TT#ining ¢osts Light & heat 'r¢lephone aeanll)g Postage & stationery Advertising t£8al & pn)fessiortal tkpreeigtion Bktnk Chat5 Multi-employer pension scher£ costs LEas8 Non recoverable VA T Conyuterc05ts Motor eyycnses Repairs & renelwls Agency sta Travel e)penses Sundrie5 Subscription5 Aninul cost5 Auditovs reneratIOn 263,705 263,705 249,868 1,020 19,930 I,(r20 75 1,038 19,930 1,020 75 1,038 2,014 17 1,785 12293 9284 3.057 6,693 2,645 7,657 IJ02 3,893 9.757 12,293 9,284 3,057 6,693 2.fA5 7.657 lJff2 3,893 9,757 30,181 15,229 2,392 5,468 2.630 8Jll 2.674 2571 34,135 420 2,714 7.269 1.271 177 11,878 3ty) 3,117 1,512 229 309 3,117 229 12.632 12,632 347,516 12,632 36n,148 401,417 These costs are appOrtned between the varK)us activities of the ¢harity as Show above and in note 9. Detalls of how they are apportM)ned are in Ihe Accounting Polici¢5 in note l. -21-
Barrowmore Limited Notes to the Consolidated Financial Statements For the Year Ended 31 December 2025 Other- Cost of Managing Investments Total Totsl ihhrestricted 2025 iknre5tricted 2024 Rate5 & water Light & heat Telephone Cleaning Insurance Legal & professional DepJEci2tit)n Non-recoverdble VA T Bad debts Repairs & ttnewals Travel eyenses Animal costs vernance costs (see Note 81 Support costs (see Note 8) 8,134 71,925 7,287 337 574 33,034 9,739 2,5( 6.107 41,3 7,139 63,867 7,377 4,870 3,056 6,742 3,694 497 75,588 83 277 4,421 121,631 4.157 13A339 307204 314,186 io Parent Company Surplusll)eficit As p¢rrnitt¢d by section 408 of the Companies Act 2006. the parent company's illcome 8nd expenditUTe account as a single entity has not been included in these financial statements. The parent coInp#ny'5 deficit foT the financial year was £141.115 12024.. £147.6951. -22-
Barrowmore Limited Notes to the Consolidated Financial Statements For the Year Ended 31 December 2025 Tangible Fixed Assets Grnup Freehold 0rty Plant Fixthres And chinery fittlhg$ tthtor Vehi¢le Total Co$UValu#tio At l January 2Q25 AdditK)n5 DisP05a15 Revaluation5 3.161 15.IMO 350 433,369 28,333 4,250 3,615,459 2&683 At 31 December 2025 3,161800 15,390 461,702 4,250 3.IA4,142 DepreciatlOD At l January 2025 aiEe foryear Elirrinated on disposal 230,056 63,256 14,125 472 393,213 19,122 4250 611.(A4 82.850 Ai 31 Decenkner2025 293,312 14J97 412J35 4250 724,494 Net Book Value At 31 De¢ember 2025 2.869.488 793 49,367 1919,&18 At 31 December 2024 2.932,744 915 40,156 1973.815 23-
Barrowmore Limited Iyotes to the Consolidated Financial Statements For the Year Ended 31 December 2025 Tangible Fixed Assets {Continued) Company Frethold 0rtY Plant and Flxthr¢$ #lld fDachiDery fittings Motor Vehicle Totsl Costivaluation At l January 2025 Addition5 DisposaJ5 Revaluations 3,162,8(M) 15,040 350 401,826 25.843 4,250 3,583,916 26.193 At 31 December 2025 3.162.8( 15,390 427,669 4.250 3.610.109 Depreciation At l January 2U25 arge foryear Himinated ort disposal 230,056 63256 14,124 4T2 365J12 16,732 4,2> 613,742 Ai 31 De¢embeT 2025 293 J12 14.596 382.044 4.250 694.202 Net Book Value At 31 Decenkner225 2,869,488 45,625 2.915,)7 At 31 Decen*er2(r24 2,932,744 916 3A514 1970,174 It is BaTrowtnor¢ Limited's policy to formally revalue it5 freehold property every thre¢ years. The freehold properties werc valued by S R Thellwell Chartered Surveyor in June 2024 Oll an existing use fair value alld this valuation is reflected in the figures above. The trustees do not consider thatthe existing usc fair value was matwially different at 31 December 2025. The historical cost of assets (freehold prepertyl included in the above at valuation is £1915.51112024.. £2,915.5 111 and the aggregate depreciation thereon would have been £810,053 {2024.. £751,743). -24-
Barrowmore Limited Notes to the Consolidated Financial Statements For the Year Ended 31 December 2025 12 Fiied A55et Investments Interest ID group Illldertakings Company Cost At l January 2025 Any)unls written off in year At 31 De¢enl)er2025 The pjincipal group undertakings whith art all incorporated in Fngland and Wales.. /0 of issued b5ued share ordiiiaryshares Caixtsl cApitAI held Aetiiity Bar>wre Social Eterprise Linmted Coinpany Number.. 1>87722 OpeTation of¢afé Investment Property- Group and Company Costlvaluation At l January 2025 Additions Transters Rcvaluations S,88&0 Al 31 Ik¢embei' 2025 s,888,(0 Net Book Value At 31 tkcernber2025 5,88& At 31 tkcember 2024 5,888,0 It is Barrowmore Limited's polity to fortnally ValUe it5 investment properties every threc ytays. The investment pr(Ip¢rties were valued by S R Thellwell CharteTed Surveyor iii June 2024 on an existing usc lair value and thi8 valuation is tlerted in the figuTes aknve. lThe tru5t¢¢s do not consider that the existing ust f2ir value was materi&lly diffeTent at 31 December 2025. The historical c05t of asse15 included in the above at valuation is £2,078,37212024.. £2,078,372). -2&
Barrowmore Limited Notes to the Consolidated Financial Statements For the Year Ended 31 Deeember 2025 14 Stocks Group ComtAny 2025 2112S 2024 2024 Provi5ion5 (bod5 for r¢sa]e 1152 1,319 3.r22 1.327 2.152 3,471 5,N9 2,152 3,722 Debtors: AmouDt5 falling due IvithiD ODe year Group Comtthny 2025 2025 2024 2024 Trade debtors Amounts owed by group undertaking5 Prepayment5 and accrued inco Other debtors 95,188 113,(I 94.730 26.969 2.440 112.436 22J48 1.635 47.986 1,635 47,986 97,629 163,227 124,140 184,405 16 Liabilitie5: Amounts falling due within one year Grp Conpny 2025 2025 2024 2024 Trade creditors Ta)#ti()n and sts¢ial security OtheT creditors A¢oTua15 and deferred COn 20,156 23,] 41,471 63, 12,225 21,876 52.462 85.%9 14,976 17,546 41.471 62.041 10275 15,767 52,462 84.658 149.034 172.532 136.035 163.162 -2
Barrowmore Limited Notes to the Consolidated Financial Statements For the Year Ended 31 December 2025 17 Operating Lease Commitmellts The follong ope2ating lease paYntS are corllmitted to be paid over the folk)Wg period.. 2025 2024 F)piring.' Within one year Betweeii one and five yea 2,554 329 5,580 2,883 2,883 8,463 18 Pension Commltm¢nt$ The company operates a defined contributiun pension %cherne. Contrihutions in the yeaT aTnuunied 10 £21,828 12024.. £22,3941. I'he aTnount outstanding at the y¢ar-¢nd i¥as £Nil (2024.. £2,999). tploYer'S conlributiotis are based upon 50/0 of gross ¢amings and etnploy¢e5' contributions are b¢tweell 39/0 and 5Q/o. Th¢ compaiiy a150 participates in arnulti-¢mploy¢rscheill¢ which provide5 beiiefils to some 1.300 noD-associat¢d participatlllg employers. The scheme is a defined benefit scheine in the UK and it is not possible for the company to obtain sufficient intormation to enable it to accouni for the scheme as a defined benefit scheme. Therefore, it accounts for the scheme as a defjned contribution scheme. The schtinc is classified as a 'lasi-man standing arrangcmeni,. Therefore, Ihc company is poieniially liable for oiher participaiing cmplovers, obligations if Ihosc cmploycrs are unable 10 meei Ihcir share of the schem¢ deficit lollowing wiihdrawal frvtn the SLhL'mL'. PartiLipating employers are IgallY required 10 meei their share of the schtme deficit on an annuity purchasL basis on wi1hdraal from ihe schLme. A% Ihe SLheme is in deficit and the Lurnpany agreed to a deficit funding arrangetnenl, the CPY) ill aLL()rdancL with ChaTltie5 SORP IfRS 1021, r¢cognise5 a liability for this obligation. The amount recognised is the net present value of the deficit reduction contributions payable under the agreement that relates to the deficii. The present value is calculated using the discount rale detailed in rhese disclosures. The unwinding of ihe discount rale is recogniscd as a cost together with any remtasurements calculaled in ihe year in respect of the liabiliiy. Reconciliation ofopening and Closing defined benefit pension liabilily.. 2025 2024 Present value of liability at starr of perM)d unWdE of the discount factor RcnKasu1rnts- iryact of any change in assumptions Ren*asurenEnts- anndnEntS to the coniriblltion schedule 10,063 4.863 421 65 138 9,605 486 9,8(kfj Deficit contributions paid (3.0071 14,fAJSI Present value of tiability at end of period 7112 10,ffi3 Discount rate applied forthe year 4.05% 4.gYJts/o -27-
Barrowmore Limited Iyotes to the Consolidated Financial Statements For the Year Ended 31 December 2025 19 Movement in Funds Net At l Jan 2025 At 31 Dec 2025 IN thn( ihrtstrictedfun( neral nd Revaluation reserve &234,724 1,066,758 {125.8621 {23,5() 8,108,862 1,043,252 9.301.4g2 1149J68) 9,152,114 Re5trlttedfunds 23.Otx) 23.0 Totsl Funds 9 324.482 1149,368 9.175.114 Net ve[llent ill funds, included the above alt as follows= Resources in funth Resouret expended Gains IA)sses Transfer lknment UDrestrictedfull Iknernl Revaluation resetve Rt5tricted Restricted fijnd 1,339,887 (1.488,7691 23506 {233)6) 14861 {125,862) lJ,5(h51 Total Fullds 1,339,887 {1,488,769) 1486} 1149,368} The transfers between th¢ General Fund and the Revaluation Reserve relate to the depreciation charge on the reva]ued amount. Restricted Funds The restricted fvnd relates to a donation received in th¢ prior year of £23,000 specifica]ly for the purchase of a tninibu5, which wa5 un5p¢nt at the year tnd. The fund tnovetn¢nts during year are as follows.. Balgnee at l January 2025 In¢(wing Resources Resources eXllded Bglan¢e at 31 DeceM1r 2025 Tr#Nsfer MBNA FoundatK)n 23.0 ,otM) -28-
Barrowmore Limited Notes to the Consolidated Financial Statements For the Year Ended 31 December 2025 20 Analysis of group net assets betsveen funds 2025 Totsl iknrestrletsd fund5 Restricted futtds Tangible fLYd assets Fi a55et vestnnIs Cash at bank and in hand her nel current asset511liabllitiesl Creditors fallg due nx)re than one year Defll)ed benefit pension scheme liibility 2,919,648 5,88&WO 399,943 {47,935} 2,919,8 S,888,0 422,943 147.935} 23,(KM) I7,2) {7,5421 9.152.114 23.lJX) 9,175,114 2024 Total iknrestricted R&stricted fun Tangible fiAEd asset5 Fid a4s¢t InvestnntS Cash at bank and in hand Oiher net currcnt assets/{liabiliti¢5} Orditor5 fallg due in tN)r¢ than one year Dered benefit pension s¢henE liabdity 2,973,815 5,888.IX)O 453,986 14,256) 2,973,815 5,888,(KlO 476,986 14,2561 23,Otx) {10,(k531 110.(k53} 9.301.482 23,fft0 9J24.482 21 Related Party Disclosures 'rransactions with the 5ub5idiary cornpanies are disclosed in Note 3. 'rh¢ amount dut Irom Barrowrnore Social Enterprises Liiiiiled ai ihe balance 5h¢¢t date ivas £26,96912024- £22,348). Interest of £90812024- £9451 ha5 been charged on th¢ average balancc of the loan5 at tlie marktl rale of 3.75Q/o and they are rtpayable on demand. There are no further transactions with related parties to distlose. -29-