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2020-12-31-accounts

REGISTERED COMPANY NUMBER: 06848662 (England and Wales) REGISTERED CHARITY NUMBER: 1131478

BARRIE WELLS TRUST (A COMPANY LIMITED BY GUARANTEE)

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

Scott & Wilkinson LLP Chartered Accountants Dalton House 9 Dalton Square LANCASTER LA1 1WD

BARRIE WELLS TRUST

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

Page
Reference and Administrative Details 1
Report of the Trustees 2 to 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8 to 9
Notes to the Financial Statements 10 to 18
Detailed Statement of Financial Activities 19 to 20

BARRIE WELLS TRUST

REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 DECEMBER 2020

Trustees Ms P L J Rothwell Company Director Mr M J C Wells Online Marketing Analyst Mr B J Wells Company Director Ms J Wild Customer Service Advisor Company secretary Mr M C Waterton Registered office F7-F9 1st Floor City Lab Dalton Square LANCASTER LA1 1PP Registered company number 06848662 (England and Wales) Registered charity number 1131478 Independent examiner Scott & Wilkinson LLP Chartered Accountants Dalton House 9 Dalton Square LANCASTER LA1 1WD

Page 1

BARRIE WELLS TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2020. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

The Trust's main focus in the year ending 31st December 2020 was to increase the volume of executive box donations from 2019 to enable more beneficiaries to enjoy a Box4Kids event. Focus was also placed on adding additional value to events through meet and greets.

Objectives and activities Objectives and aims

The objectives of the Trust are, for the public benefit:

The objectives of the Trust reflect the charity's main focus, Box4Kids. The Trustees confirm that they have complied with the requirements of section 4 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Box4Kids is an initiative that enables seriously ill and physically disabled children the opportunity to watch a sporting or entertainment event from the comfort and luxury of an executive box. Not only do these boxes provide the VIP treatment, they are also a safe, secure space for both the child and loved one. The children are predominantly nominated by hospital and hospice staff throughout the UK. The initiative, which began at Liverpool FC, is now in its tenth season at Anfield, where Barrie Wells' own executive box is used solely for the benefit of children and their loved ones.

Box4Kids now covers 12 different sports including football, rugby league, rugby union, Formula 1, tennis, athletics, ice hockey, hockey, cycling, basketball, horseracing and cricket. The initiative also offers events at many entertainment venues across the UK including O2 Arena, Wembley, Manchester Arena and the Royal Albert Hall to name a few.

Box4Kids is supported by organisations who donate the use of their executive boxes, whether it be just once a year or on several occasions. Since 2016 the Barrie Wells Trust has had a very special relationship with the Jockey Club.

The experience provides a welcome break, taking away the reminder of hospital appointments and creating memories that will last forever.

Due to the Covid-19 pandemic all Box4Kids events were put on hold from March 2020. The Trust wanted to maintain its ethos throughout the pandemic and created Box4Kids Heroes. This is a unique reversal of Box4Kids and asks children who have previously attended Box4Kids events, to nominate their Box4Kids Hero from a hospital or hospice. Their Hero is then awarded a luxury hamper, certificate, a personalised thank you letter from the Trust and a piece of artwork from their nominee. This initiative began on 1st July 2020 and will continue alongside Box4Kids once executive boxes and venues open up again.

Page 2

BARRIE WELLS TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020

Objectives and activities

Objectives, strategies and activities

Grantmaking

Box4Kids policy

The scheme was established to benefit seriously ill children by enabling them to attend major sporting and entertainment events around the UK as a VIP. Policy guidelines were created when the scheme began and these guidelines continue to be followed throughout 2020.

With support from appropriate organisations to select deserving young people, Box4Kids is open to children and young people aged 8-18 (aged 6-18 for entertainment) who are diagnosed with a physical illness, disease or disability that is serious or life limiting and for whom such an experience would be a 'dream come true.'

Young people who meet the criteria attend the event with one guest over the age of 18.

Children are nominated to attend events by the Barrie Wells Trust's national network of hospitals and hospices or through the Trust's website.

Strategic report

Financial review

Financial position

The Trust spent £190,954 (2019: £270,457) during the period against income of £237,408 (2019: £220,658).

Reserves policy

The Foundation has free reserves of £102,277 (2019: £58,595). It is the policy of the Foundation to maintain free reserves at a level equivalent to one month’s expenditure to cover administration costs. As the major donor is closely involved with the charity, it is not considered necessary to hold excess free reserves.

Page 3

BARRIE WELLS TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020

Strategic report

Material Developments in 2020

There are two main areas to comment on for the year so far:

Material Developments in 2021

The main area of development is the Trust's new Box4Kids Heroes initiative which started on 1st July 2020 and will continue to run alongside Box4Kids once events are back up and running.

Structure, governance and management

Governing document

The Barrie Wells Trust ('the Trust') is a registered charity (number 1131478) and is also a private company limited by guarantee (number 6848662). The Trust's Governing Document is its Memorandum and Articles of Association dated 17th March 2009, as amended on 2nd September 2009 and 27th September 2010.

Recruitment and appointment of new trustees

The Trust's Articles provide that there shall be no fewer than two Trustees at any time. No maximum number of Trustees is specified. Trustees are selected carefully in order to bring a range of business knowledge and expertise to the Trust, and each Trustee has received a comprehensive briefing on the purpose and aims of the Trust. New Trustees will be appointed by the existing Trustees. The Trustees meet as necessary in order to review the strategy of the Trust and to oversee the Trust's financial position.

Trustees are required to disclose all relevant interests and register them with the Trust's Company Secretary and, in accordance with the Trust's policy, to withdraw from decisions where a conflict of interest arises.

Trustee remuneration

One of the Trustees was employed and remunerated by the Foundation during 2020, following receipt of approval from the Charity Commission in 2010.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

The Trustees keep the major risks to which the Trust is exposed under regular review.

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 23 April 2021 and signed on the board's behalf by:

Page 4

BARRIE WELLS TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020

Mr B J Wells - Trustee

Page 5

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BARRIE WELLS TRUST

Independent examiner's report to the trustees of Barrie Wells Trust ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2020.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

S W Hinnigan FCA CTA Institute of Chartered Accountants in England and Wales Scott & Wilkinson LLP Chartered Accountants Dalton House 9 Dalton Square LANCASTER LA1 1WD

7 May 2021

Page 6

BARRIE WELLS TRUST

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2020

2020
Unrestricted
fund
Notes
£
Income and endowments from
Donations and legacies
2
215,797
Investment income
3
-
Other income
4
21,611
Total
237,408
Expenditure on
Charitable activities
5
Box 4 Kids
190,954
NET INCOME/(EXPENDITURE)
46,454
Reconciliation of funds
Total funds brought forward
62,558
Total funds carried forward
109,012
2019
Total
funds
£
220,657
1
-
220,658
270,457
(49,799)
112,357
62,558

The notes form part of these financial statements

Page 7

BARRIE WELLS TRUST (REGISTERED NUMBER: 06848662)

BALANCE SHEET 31 DECEMBER 2020

2020
Unrestricted
fund
Notes
£
Fixed assets
Tangible assets
12
6,735
Current assets
Debtors
13
4,093
Cash at bank and in hand
103,844
107,937
Creditors
Amounts falling due within one year
14
(5,660)
Net current assets
102,277
Total assets less current liabilities
109,012
NET ASSETS/(LIABILITIES)
109,012
Funds
16
Unrestricted funds
109,012
Total funds
109,012
2019
Total
funds
£
3,963
147,032
19,541
166,573
(107,978)
58,595
62,558
62,558
62,558
62,558

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

Page 8

BARRIE WELLS TRUST (REGISTERED NUMBER: 06848662)

BALANCE SHEET - continued 31 DECEMBER 2020

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 23 April 2021 and were signed on its behalf by:

Mr B J Wells - Trustee

The notes form part of these financial statements

Page 9

BARRIE WELLS TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

1. Accounting policies

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Barrie Wells Trust is a private company limited by guarantee, registered in England and Wales. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.

Financial reporting standard 102 - reduced disclosure exemptions

The charitable company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Income from government and other grants are recognised at fair value when the charity has entitlement after any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably. If entitlement is not met then these amounts are deferred.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 15% Reducing balance Computer equipment - Straight line over 3 years

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Page 10

BARRIE WELLS TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020

1. Accounting policies - continued

Fund accounting

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Going concern

The trustees have assessed that the use of going concern is appropriate and that there are no material uncertainties related to events or conditions that cast significant doubt on the ability of the Chanty to continue as a going concern. The trustees make this assessment in respect of a period of one year from the date of approval of the financial statements.

2. Donations and legacies

3.

4.

Donations and legacies
Donations
Investment income
Deposit account interest
Other income
Government grants
Rent relief
2020
£
215,797
2020
£
-
2020
£
16,938
4,673
21,611
2019
£
220,657
2019
£
1
2019
£
-
-
-

Page 11

BARRIE WELLS TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020

5.
Charitable activities costs
Support
Direct
costs (see
Costs
note 6)
£
£
Box 4 Kids
59,832
131,122
6.
Support costs
Governance
Management
costs
£
£
Box 4 Kids
99,694
31,428
Support costs, included in the above, are as follows:
Management
2020
Box 4
Kids
£
Wages
69,369
Social security
2,121
Pensions
1,482
Rates and water
806
Telephone
838
Postage and stationery
3,084
Advertising
4,503
Service charge
13,617
Computer costs
3,403
Travel and subsistence
471
Public relations expenses
-
99,694
Totals
£
190,954
Totals
£
131,122
2019
Total
activities
£
90,084
4,851
1,737
706
960
5,398
11,655
13,617
4,334
1,126
347
134,815

Page 12

BARRIE WELLS TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020

6. Support costs - continued Governance costs

Wages
Social security
Pensions
Insurance
Telephone
Accountancy fees
Legal fees
Premises costs
Computer costs
Payroll fees
Bookkeeping fees
Bank charges
Sundry expenses
Staff training
Depreciation of tangible fixed assets
2020
2019
Box 4
Total
Kids
activities
£
£
12,241
15,897
374
856
262
307
437
454
148
169
4,054
4,163
1,152
4,242
2,403
2,403
71
765
1,219
1,399
2,456
5,199
162
219
1,357
2,062
2,625
-
2,467
891
31,428
39,026
2020
2019
Box 4
Total
Kids
activities
£
£
12,241
15,897
374
856
262
307
437
454
148
169
4,054
4,163
1,152
4,242
2,403
2,403
71
765
1,219
1,399
2,456
5,199
162
219
1,357
2,062
2,625
-
2,467
891
31,428
39,026
39,026

7. Net income/(expenditure)

Net income/(expenditure) is stated after charging/(crediting):

Depreciation - owned assets

2020 2019
£ £
2,468 890

8. Trustees' remuneration and benefits

Ms P L J Rothwell received remuneration of £11,400 (2019: £12,000). Approval was given in 2011 by the Charity Commission for Ms Rothwell's remuneration.

Page 13

BARRIE WELLS TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020

8. Trustees' remuneration and benefits - continued

Trustees' expenses

During the year the charity reimbursed expenses of £307 to Mr B J Wells (2019: £1,658).

The trustees do incur expenses for hosting events but have elected to pay these themselves so they are not formally recorded as expenses of the charity.

9. Staff costs

Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Charitable activities
Governance
Trustees remunerated
No employees received emoluments in excess of £60,000.
10.
Comparatives for the statement of financial activities
Income and endowments from
Donations and legacies
Investment income
Total
Expenditure on
Charitable activities
Box 4 Kids
NET INCOME/(EXPENDITURE)
2020
2019
£
£
81,610
105,981
2,495
5,707
1,744
2,044
85,849
113,732
2020
2019
4
3
1
1
1
1
6
5
Unrestricted
fund
£
220,657
1
220,658
270,457
(49,799)

Page 14

BARRIE WELLS TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020

10. Comparatives for the statement of financial activities - continued

Unrestricted
fund
£
Reconciliation of funds
Total funds brought forward 112,357
Total funds carried forward 62,558

11. Independent examiner's remuneration

The independent examiner's remuneration amounts to an independent examination fee of £4,054 (2019: £4,163).

12. Tangible fixed assets

Fixtures
and
Computer
fittings
equipment
£
£
Cost
At 1 January 2020
11,710
39,933
Additions
-
5,240
At 31 December 2020
11,710
45,173
Depreciation
At 1 January 2020
7,935
39,745
Charge for year
567
1,901
At 31 December 2020
8,502
41,646
Net book value
At 31 December 2020
3,208
3,527
At 31 December 2019
3,775
188
Totals
£
51,643
5,240
56,883
47,680
2,468
50,148
6,735
3,963

Page 15

BARRIE WELLS TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020

13.
Debtors: amounts falling due within one year
2020
£
Other debtors
3,162
Prepayments and accrued income
931
4,093
14.
Creditors: amounts falling due within one year
2020
£
Other loans (see note 15)
-
Trade creditors
1,678
Social security and other taxes
653
Other creditors
519
Accrued expenses
2,810
5,660
15.
Loans
An analysis of the maturity of loans is given below:
2020
£
Amounts falling due within one year on demand:
Other loans
-
16.
Movement in funds
Net
movement
At 1/1/20
in funds
£
£
Unrestricted funds
General fund
62,558
46,454
TOTAL FUNDS
62,558
46,454
2019
£
250
146,782
147,032
2019
£
100,000
593
2,136
2,519
2,730
107,978
2019
£
100,000
At
31/12/20
£
109,012
109,012

Page 16

BARRIE WELLS TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020

16. Movement in funds - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
TOTAL FUNDS
Incoming
resources
£
237,408
237,408
At 1/1/19
£
112,357
112,357
Resources
Movement
expended
in funds
£
£
(190,954)
46,454
(190,954)
46,454
Net
movement
At
in funds
31/12/19
£
£
(49,799)
62,558
(49,799)
62,558

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
TOTAL FUNDS
Incoming
resources
£
220,658
220,658
Resources
Movement
expended
in funds
£
£
(270,457)
(49,799)
(270,457)
(49,799)

Page 17

BARRIE WELLS TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020

17. Related party disclosures

During the year the charity made the following related party transactions:

Donations made by Mr B J Wells without any conditions attached totalled £140,000 for the year (2019: £141,500).

At the balance sheet date the amount due to Mr B J Wells was £nil (2019: £100,000).

Page 18

BARRIE WELLS TRUST

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020

Income and endowments
Donations and legacies
Donations
Investment income
Deposit account interest
Other income
Government grants
Rent relief
Total incoming resources
Expenditure
Charitable activities
Box 4 Kids
NHS Hampers
Support costs
Management
Wages
Social security
Pensions
Rates and water
Telephone
Postage and stationery
Advertising
Service charge
Computer costs
Travel and subsistence
Public relations expenses
2020
£
215,797
-
16,938
4,673
21,611
237,408
58,148
1,684
59,832
69,369
2,121
1,482
806
838
3,084
4,503
13,617
3,403
471
-
99,694
2019
£
220,657
1
-
-
-
220,658
96,616
-
96,616
90,084
4,851
1,737
706
960
5,398
11,655
13,617
4,334
1,126
347
134,815

This page does not form part of the statutory financial statements

Page 19

BARRIE WELLS TRUST

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020

Management
Governance costs
Wages
Social security
Pensions
Insurance
Telephone
Accountancy fees
Legal fees
Premises costs
Computer costs
Payroll fees
Bookkeeping fees
Bank charges
Sundry expenses
Staff training
Fixtures and fittings
Computer equipment
Total resources expended
Net income/(expenditure)
2020
£
12,241
374
262
437
148
4,054
1,152
2,403
71
1,219
2,456
162
1,357
2,625
567
1,900
31,428
190,954
46,454
2019
£
15,897
856
307
454
169
4,163
4,242
2,403
765
1,399
5,199
219
2,062
-
626
265
39,026
270,457
(49,799)

This page does not form part of the statutory financial statements

Page 20