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2021-12-31-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 2021

Scott & Wilkinson Dalton House

9 Dalton Square LANCASTER LA1 1WD

BARRIE WELLS TRUST

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

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Page
Reference and Administrative Details 1
Report of the Trustees 2 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Financial Statements 8 to 15
Detailed Statement of Financial Activities 16 to 17
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BARRIE WELLS TRUST

REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 DECEMBER 2021

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Trustees Ms P L J Rothwell
Mr M J C Wells
Mr B J Wells
Ms J Wild
Ms M J Fletcher (appointed 27/9/2021)
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
Dalton House
9 Dalton Square
LANCASTER
LA1 1WD
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Page 1

BARRIE WELLS TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021

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 2021. 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 2021 was to increase the volume of executive box donations from 2020 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 them with 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 was launched in 2010 when Barrie Wells first purchased an executive box at Liverpool Football Club solely for use by Box4Kids. The box is still used exclusively at every match for the benefit of seriously ill and disabled children.

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 been the chosen charity partner of The Jockey Club.

The experiences provide a welcome break for children and their families, taking away the reminder of hospital appointments and creating memories that will last forever.

Following the Covid-19 pandemic and hospitality reopening, Box4Kids was able to resume in June 2021 and built back up to supersede normal activity levels by December 2021.

Barrie Wells Trust Heroes continued to operate until June, however, as the charity's focus and resource was then placed on rebuilding Box4Kids, Barrie Wells Trust Heroes activity was put on hold until the end of the year.

Page 2

BARRIE WELLS TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021

Objectives and activities

Objectives, strategies and activities

The Trust's main focus during the pandemic was to continue delivering the aims of the Trust and supporting the communities of Box4Kids through the Barrie Wells Trust Heroes initiative. Following the end of the pandemic the Trust's main objective from June until the year ending 31st December 2021 was to rebuild Box4Kids events back to their normal activity levels.

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 in executive boxes. Policy guidelines were created when the scheme began and these guidelines continued to be followed throughout 2021.

With support from appropriate organisations to select deserving young people, Box4Kids continues to be open to children and young people aged 8-18 (aged 6-18 for entertainment and Jockey Club days) who are diagnosed with a physical illness, disease or disability that is serious or life limiting.

Young people who meet the criteria attend the event with one guest over the age of 18, or up to three guests for Jockey Club days.

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 £233,894 (2020: £190,955) during the period against income of £217,359 (2020: £237,409).

Reserves policy

The Foundation has free reserves of £85,430 (2020: £102,277). 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 2021

Strategic report

Material developments in 2021

There are two main areas to comment on:

Material developments in 2022

The development focus for 2022 is to increase the total number of Box4Kids events, thus supporting more beneficiaries following the pandemic. This will be achieved by a development strategy of acquiring new box donors, alongside maintaining excellent relationships with all current supporters and charity partners.

Other developments will include expanding the range of beneficiaries that Box4Kids supports. This will be achieved through hospital and hospice growth; creating new charitable partnerships with other charities and disability groups; and development of the self-nomination process.

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

Two of the Trustees were employed and remunerated by the Foundation during 2021, following receipt of approval from the Charity Commission.

Risk management

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 25 July 2022 and signed on the board's behalf by:

Mr B J Wells - Trustee

Page 4

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 2021.

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 Dalton House 9 Dalton Square LANCASTER LA1 1WD

26 July 2022

Page 5

BARRIE WELLS TRUST

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2021

2021
Unrestricted
fund
Notes
£
Income and endowments from
Donations and legacies
2
213,061
Other income
3
4,298
Total
217,359
Expenditure on
Charitable activities
4
Box 4 Kids
227,117
Athlete sponsorship
6,777
Total
233,894
NET INCOME/(EXPENDITURE)
(16,535)
Reconciliation of funds
Total funds brought forward
109,012
Total funds carried forward
92,477
2020
Total
funds
£
215,798
21,611
237,409
190,955
-
190,955
46,454
62,558
109,012

The notes form part of these financial statements

Page 6

BARRIE WELLS TRUST (REGISTERED NUMBER: 06848662)

BALANCE SHEET 31 DECEMBER 2021

2021
Unrestricted
fund
Notes
£
Fixed assets
Tangible assets
12
7,047
Current assets
Debtors
13
71,927
Cash at bank and in hand
41,548
113,475
Creditors
Amounts falling due within one year
14
(28,045)
Net current assets
85,430
Total assets less current liabilities
92,477
NET ASSETS
92,477
Funds
15
Unrestricted funds
92,477
Total funds
92,477
2020
Total
funds
£
6,735
4,093
103,844
107,937
(5,660)
102,277
109,012
109,012
109,012
109,012

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

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 25 July 2022 and were signed on its behalf by:

Mr B J Wells - Trustee

The notes form part of these financial statements

Page 7

BARRIE WELLS TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

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.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

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 8

BARRIE WELLS TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021

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.

Donations
Other income
Government grants
Rent relief
2021
£
213,061
2021
£
4,298
-
4,298
2020
£
215,798
2020
£
16,938
4,673
21,611

4. Charitable activities costs

Box 4 Kids
Athlete sponsorship
Grant
funding of
activities
Direct
(see note
Costs
5)
£
£
148,240
-
-
6,777
148,240
6,777
Support
costs (see
note 6)
£
78,877
-
78,877
Totals
£
227,117
6,777
233,894

Page 9

BARRIE WELLS TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021

5. Grants payable

5.
Grants payable
Athlete sponsorship 2021
£
6,777
2020
£
-
6.
Support costs
Box 4 Kids
Management
£
54,664
Governance
costs
£
24,213
Totals
£
78,877
Support costs, included in the above, are as follows:
Management
Wages
Social security
Pensions
Rates and water
Telephone
Postage and stationery
Advertising
Service charge
Computer costs
Travel and subsistence
2021
Box 4
Kids
£
22,201
1,855
505
809
866
4,593
3,887
13,617
3,497
2,834
2020
Total
activities
£
25,670
1,864
430
806
838
3,084
4,503
13,617
3,403
471
54,664 54,686
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
2021
Box 4
Kids
£
3,918
327
89
420
153
3,356
3,726
2,403
617
1,029
1,108
135
3,603
-
2020
Total
activities
£
4,530
329
76
437
148
4,054
1,152
2,403
71
1,219
2,456
162
1,357
2,625
Carried forward 20,884 21,019

Page 10

BARRIE WELLS TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021

6. Support costs - continued

Governance costs - continued

Brought forward
Depreciation of tangible fixed assets
Net income/(expenditure)
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets
2021
2020
Box 4
Total
Kids
activities
£
£
20,884
21,019
3,329
2,467
24,213
23,486
2021
2020
£
£
3,329
2,468

7. Net income/(expenditure)

8. Trustees' remuneration and benefits

Ms P L J Rothwell received remuneration of £12,000 (2020: £11,400). Approval was given in 2011 by the Charity Commission for Ms Rothwell's remuneration.

Mr M J C Wells received remuneration of £8,080 (2020: £nil). Approval was given in 2021 by the Charity Commission for Mr Wells' remuneration.

Trustees' expenses

During the year the charity reimbursed expenses of £3,300 to Mr B J Wells (2020: £307).

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
2021
£
117,949
3,996
2,544
124,489
2020
£
78,288
5,818
1,744
85,850

Page 11

BARRIE WELLS TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021

9. Staff costs - continued

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
Other income
Total
Expenditure on
Charitable activities
Box 4 Kids
NET INCOME
Reconciliation of funds
Total funds brought forward
Total funds carried forward
2021
2020
5
4
1
1
2
1
8
6
Unrestricted
fund
£
215,798
21,611
237,409
190,955
46,454
62,558
109,012

Page 12

BARRIE WELLS TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021

11. Independent examiner's remuneration

The independent examiner's remuneration amounts to an independent examination fee of £3,356 (2020: £4,054).

12. Tangible fixed assets

Fixtures
and
Computer
fittings
equipment
£
£
Cost
At 1 January 2021
11,710
45,173
Additions
792
2,849
At 31 December 2021
12,502
48,022
Depreciation
At 1 January 2021
8,502
41,646
Charge for year
599
2,730
At 31 December 2021
9,101
44,376
Net book value
At 31 December 2021
3,401
3,646
At 31 December 2020
3,208
3,527
13.
Debtors: amounts falling due within one year
2021
£
Other debtors
250
Prepayments and accrued income
71,677
71,927
14.
Creditors: amounts falling due within one year
2021
£
Trade creditors
-
Social security and other taxes
2,267
Other creditors
1,259
Accrued expenses
24,519
28,045
Totals
£
56,883
3,641
60,524
50,148
3,329
53,477
7,047
6,735
2020
£
3,162
931
4,093
2020
£
1,679
652
519
2,810
5,660

Page 13

BARRIE WELLS TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021

15. Movement in funds

At 1/1/21
£
Unrestricted funds
General fund
109,012
TOTAL FUNDS
109,012
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
217,359
TOTAL FUNDS
217,359
Comparatives for movement in funds
At 1/1/20
£
Unrestricted funds
General fund
62,558
TOTAL FUNDS
62,558
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
237,409
TOTAL FUNDS
237,409
Net
movement
At
in funds
31/12/21
£
£
(16,535)
92,477
(16,535)
92,477
Resources
Movement
expended
in funds
£
£
(233,894)
(16,535)
(233,894)
(16,535)
Net
movement
At
in funds
31/12/20
£
£
46,454
109,012
46,454
109,012
Resources
Movement
expended
in funds
£
£
(190,955)
46,454
(190,955)
46,454

Page 14

BARRIE WELLS TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021

16. 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 £118,000 for the year (2020: £140,000).

At the balance sheet date the amount due to Mr B J Wells was £nil (2020: £nil).

Page 15

BARRIE WELLS TRUST

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021

Income and endowments
Donations and legacies
Donations
Other income
Government grants
Rent relief
Total incoming resources
Expenditure
Charitable activities
Wages
Social security
Pensions
Box 4 Kids
NHS Hampers
Grants to individuals
Support costs
Management
Wages
Social security
Pensions
Rates and water
Telephone
Postage and stationery
Advertising
Service charge
Computer costs
Travel and subsistence
Governance costs
Wages
Social security
Pensions
Insurance
Telephone
Carried forward
2021
£
213,061
4,298
-
4,298
217,359
91,830
1,814
1,950
49,984
2,662
6,777
155,017
22,201
1,855
505
809
866
4,593
3,887
13,617
3,497
2,834
54,664
3,918
327
89
420
153
4,907
2020
£
215,798
16,938
4,673
21,611
237,409
48,088
3,625
1,238
58,148
1,684
-
112,783
25,670
1,864
430
806
838
3,084
4,503
13,617
3,403
471
54,686
4,530
329
76
437
148
5,520

This page does not form part of the statutory financial statements

Page 16

BARRIE WELLS TRUST

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021

Governance costs
Brought forward
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 (expenditure)/income
2021
£
4,907
3,356
3,726
2,403
617
1,029
1,108
135
3,603
-
599
2,730
24,213
233,894
(16,535)
2020
£
5,520
4,054
1,152
2,403
71
1,219
2,456
162
1,357
2,625
567
1,900
23,486
190,955
46,454

This page does not form part of the statutory financial statements

Page 17