pany regi51ralion nurriber 7432518
ChaAty reglstrallon number 1142950
The Barracks Trust Limited
(A company limitsd by guarantsèl
Annual Report.and Financial Statements
For the Y&ir Endad 31 March 2021
Daryl Denson ACMA
VAST
The Dudson Centre
Hope Streel
Stok&on-Trenl
ST15DD

The Barracks Trust Limited
Contents
Reference and Adminislratnie DetAils
Truste88 Report l inworaling thè Dir8ctorfs Ye￿rt)
2to7
Independent ExamineT'S Report
Statemenl of Fin8n¢ial Activities
88lanee Sheet
10
Notss.to the FinanrAal Statements
11to21

The Barracks Trust LSmlted
Reference and Administrative Detai15
Chair
Anthony Green
Trustees
Anthony Green, Chalr
Peter D8ws. Treasurer"
0￿￿ Illey
Carol Reddish
Reno Cartisle
Davlcl. Riley
Secrotary
Charlty Registration Number
1142950
Company Reglstratlon Number 7432518
The tharily is inccryraled In England..
F8lrcroft
Mount Pleasant
Newca511e underLymè
ST51DP
Rggi6tered Offlce
Independent Examiner
Da￿ Denson ACMA
VAST
The tjudson C8ntre
Hope Street
Stcske-on-Trent
ST15DD
Bankws
Bardays Bank
Business Direct Support Cèntral
Octagon House
Gadbrook Park
NDrthwich
Cheshlre
SW9 7RB

The BarraGks Trust Llmited
Trustee8 Report ( Incorporatlng the Director's report)
Thé trustees, who ara dlreolors for thé purposes. of eompany law, present Ihe annual report eo9eth&r
wSth the flnanclal slatom9nls of th8 charit8ble company for the ye8r ended 31 March 2021.
Oblectlves and actlvlties
"Oblects and 81ms
The Tnjst aims to..
Ensure the consgrvallon of the Barracks for ptesent and fijture gener8tions', and SL¢PPOrt local
communi1195 through grant-aldlno local voluntary and communlty. grcups.
It inter￿$ to meet these aims through meeting the following oblectlw..
• Dwolopmgnl of a fundraising strategy lo meet building refvrbishment costs;
Ensuring that gTant 1$ avaIlab￿ lo individuals and .small organisations for the benefit of the
residents of Newcasle-under-Ly.me and surroundlftg arga..
. Ensuring that the org8nssation'$ govemance and administration are fil for wrposo;
axlmising the usage potenli81 of the building for income generation-
Establishing a prop¢ty that ￿mplIeS with all legal, p18nning and g￿eral tHAikling legis]alion',
• Improving the historic profi18 and I￿￿eaSe publfc aw8r8ness of the Barrocks as a Herftage Site.
Public benefit
The Irustee5 have kept lft their duly to ensure that the r&sources of The Barracks Twst 8r8 Used for
publ1¢ bonefft. Thls hag b88n realised by th8 Trust in..
. Providing grants.to tocal charitabie organisation6'
Providing grants to individuats.,
. Main12ining and improving the Barracks, 8 $i9nificant hgritagg assel in thè town centre.
The trustees(onfirm that Ihey have complled ￿th th8 requiremenls of sectlon 17 of th? Charities Act
2DI 1 to have du6 Trgard to the publK benefft guKfanGe publlshed by the Charfty Commisslon for
Eng￿nd andwales.
Grant making policies
Be¢au$e of the orpgolng an(F anticipated refurbi8hment c¢xls Ihg Trust only dlslrlbuted £3.615 Sn
(*)arilable gran18 which is sllghlly Fow than 20201 £4,187}- One of the major problems with grant
giving Is findlng good caus88 to supporl. The Trust has devekped an infomal partnershlp with
Newcastle Rotary Club whereby the Iwo parties work together L) prowde joint funrling tor certain
prtiiects e.g... provisÉon ol PPE for local Nursiny Homes.
Page 2

The Barracks Trust Llmited
Trustees Report { Incorporating the Director's report)
Financial review
During this financial year the TNSI ha8 undertaken general maintenance and repairs al a cosl of
£10.683, Ihis in¢lude5 scaffolding costs of £2,524. ThSs 18 substyantialty lower than 2020 (£23,203)
which Is partly due to the much-improv8d slate of the. buildlng. DuAng Ihls pellod there ii16re no
sEonlfKxnl refurbl$hment costs. Most of the repair aosls. werg 85soclatsd with roof repalrs anrj the
resolution of damp1s8U8$.
In tha report endlng 31 March 2020 it was noted that a fvrther £20,000 was to be resorved for ttie.
Phase I window rgpairlréplacèrhent project whlch wss due lo be, anj was, completed successfully by.
the end of May 2020. The Trust are incr8dSbly pleased with the replacement windows and thank L.
Jones (Joinery) Limiled for the quality of the wtndows and Instsllab"on.
Iri addilkjh, a fvrther £60,000 wli I be reserved for Phasè11 of thé ongoing ￿ndOW repairlreplacement
project which Is planned lo be completed by January 2022, Phasé V ¥i¢l focus on 1hé replacement of
windows in tha front 91avallon of the bullding.
The Trust has managed its"finances w￿1 and adheted to its reBerves wllcy
Policy on resérves
The Trust curronlty hold unr8slrlctsiJ free reserves of £119,518.
£18.000 is lo cover.
' polgntial rent arrears.,
. tenants leamng and unrts beir#J left v8cant unat4e lo rent uut.,
the n8ed lo leave unlts untenanted to ensure build2n9 Wort￿ may ba orrfed out 88fvly and
el[￿lentlY..
' any unplanned emergency repairs.
TheTe Is £101.518 In the de￿gnal•j fvnd towards tha window rel￿aC&mOn* prolecl pha8e 11 (Front
EIBvationl and the raplacernent of the gultering.
The reslrfrted funds currenlty show a delicit of £8,999. we are we4Ung on a final paymeni from
National Lollery Heritage FurKI for £9,760. This wll be paKI al Ihe end of the project In April 2022.
In￿lMent pollcyand obje¢tNes
The truslaes are aulhoiised by the Memorandum of Assoclalion to.deposil or invest fund8. employ
professional lund mangggr and arrange for Ihe Investments or other propgrty of tho Charity lo b8 held
In the name of a nomir*e.

Tho Barracks Trust Limit•d
Trustees Report { Incorporatlng the Dlrectotrs report)
Achievèments and performance
The trustees continu8 to carry out the vast majority of the worka880dat8d wltt) the Tru8t.'
Buslness Planning
The truste8s r8newed Ihelr aGtion plan in April 2075, the following obl￿1￿@S were adoplèd:
1. To conseNe and preserve the buikling for fulure generations. in keeping vjlth plans lo Smprove the
2.. To ansure that the unlts are of suffiuenl standard for letting,,
3. To allract thè righl mix of tenants in keeplng with the ambience of the BaThocks and its purpose-
4. To maximise the surplus for charfty dislrSbullon glven tho o)nstralnls on the mlx of tenants desired-
5. To prornote the hislory of the lyjikling.,
6. To ensure that the Drganisation's 9overnanco and administrab'on are *t for purpose-
7. fo ensure thal grant aid ts avallable to individuals and smal organisatBJn5 for the ben&fit of tha
residents of Nwcaslle-vnder-L￿me and surtr)unding area.
These have been used to drive all actiuity this year.

The Barracks Trust Limited
Trustees Report ( IncorpDratlng the Dlrectorfs report)
The 8ullding and Lettlng8
During this period the Trust has fccus8d on developlng a slralegiG main1enanGe arKI ¢evelopmenl
plan to safeguard the longBvity of the building. Thls covers gerBral maintenan￿, window
replaeemenL unit ￿furb15hM8nI and the courtyard development
General Maintenance
During Ihis peiictl the general maintsnanc8 programme has continued with the Trust fo'cusing on any
roof or damp issues. A recent. roof survey shows th8 roof to be in sound condition and any iising
d8mp issues ore PTomptly resolved and are well managed by a building conlr2Ctor wilh a proven
quallty service r8cortl. The annual co￿ of roof. repairs and resolutiort of damp Issues was £6,.827
' includlng scaffoldlng cosfsof £2.524'.
Unit Refurbishment
Th"èr6 were no significant refurbSsh"ment project8 during this financial perlod.
Window Re￿acement
A major concern for the Trust is the current stale of the" WI￿0￿$. Following the Trust's award of
£99,000 from the National Lottery Heritage Fund in 2018 8 ¢￿SIC￿rablE amoLJnt of work has been
undertaken lo ropla¢e all of windows In the courtyard. The tota cosl durlng thls period has been
£24,815 which includgs Piojecl Management f88s, Heallh and Safety consultation foe8 and
scaffolding costs lotalling £6,929 being malch funded by the Tw5t", labrication and installa1￿n costs
incurr8d for thè windows Df £17,677, Project Officer £2,755 and Dth&r professional faas to inctude the
RemIniscen￿ ￿ole¢l of £1,750. Total costs in the previous finarchl yoor endlng 31 March 2020 were
£90,6TT whlch Included £14.000 match fundlng.
The remaining restricletl monies will fund v8fTOU$ events to promote the historical aspects of the
bullding. This includes the eslablishmenl of a research team, creatng a lantem parade, ￿ramle ptn
making. p￿mS 8boul the B8rrad<5.
The Trust has now lfiillated Phase 11 of thé prolact whl¢h cowrs Ihe replacement of th8 ground fioor
windows on thg front elevation. A proiecl budget of £6D,O(M) has teen established, a project manag6r"
and H￿th and Safely con5uMant appointed. Quotes have been r6ceivgd and a manufacturer has
begn th0sgn.11 is planned that thg wndows will b8 installed by January 2022.
P8g8 5

The Barracks Trust Llmlted
Trustees Report { incorporating the Directorfs report}
PrDperty Management and Tonandes
Despita tgnanls leaving durfng Ihis perfod there ha8 not been a problem in finding suitable
replacements. The town centre locafjon, havSng a car parking ¥ace and the character of the buikling
ensure that Iheie are people keen to tska up each vacant unil. The only lime that units remain empty
i8 when they are awaiting refurtjishmenl and whlEsl the work Is b8lng carrSed out.
The Trust has provSdÈd an award lo supwrt the Open A'rt Exhibitron for the Borough of Newcastle
each ye8r since 2014 and is committed lo conlinufj this practice In the fttlurè. The Trust 8180 promded
an gward to the Newcastle Music Festival in 2017 aTh￿ 2019 of £250 and has rscenlly agreed lo
support the f8sllval in 2022. The Trust is committed in supportiffj the Arts, in 115 widest conl@xt wilhln
Ihe BorDugh. Thls has enabled the tnjslees to become more Invo￿ed with local networks and lo
recognise Ioc31 excellence.
Structurq govemaficè and management
Naturg of govemlnu document
The organisation is a charitable company limll8d by guarantee. Incorp)raled on 8 NovembÈr 2010
and regbstered as a charity on 19 July 2Q11.The company Wds ¢Stablished undei g Memorandum of
Asso¢lation. It is not 8 mambership charity.
This charitabl8 ￿MpanY rac6iv9d the assets of. the pre-exi5bng unincorporated association, the
Barracks Trust (registered charity numbgr 217919) on 1 Aprll 2012. Incorporation was sought to
protect the trustees ol the charity and also to facilita18 the development of the organIsa￿On by.. for
9xample, taking oWne￿hIp of other properties.
The Barracks a grade 2 lisled building In the centre of Newcath.under-Lyme. The building has 19
separate units which are r&nled out to k)Gal organlsallohs. The hcome 18 used to maintain and
imprctve the building and the surplus ts disliibu18d to local ccffimunlty and vnluntary groups and
indlvlduals In need Ihrou9h a granl-giving process.
The Trust pays fot th8 se1￿CeS of a markaglng agenL to oversee the management of property.
During Ihis perK)d the Trust ¢hanged managlng agent from Butters John Bee IBJBI to Low8.and
Elliott. 11 was felt that follcwing a Ghange ot ownership of WB and an associated resliucluring that
Lowe and Elliott would b& a be118r rrt to support th& requltgments of1he Trust. Tbe Trust also pays for
admlnislralive yjpport. The financial recording is carried out by a volunte8r accountant who works
dosely ￿th the Tnjst's treasurer.
Page 6

The Barracks Trust Limlted
Trustees Report ( incorporating the Directorfs report)
Recruitment and appointment of trustegs
The serving trustees elect the trustees.
Important non4dJusting event5 aftor th& financial pgrlod
The COVID pandemic wnlinues lo present the Trust with a number of ch811gnges.
Tenanls-l believe the Trust has worked with all the tenants in 2 reasonable and compassionate way.
This working together has contributed towards the successful survival of our tgnant base. The Trust
has given financial support in the form of deferred rental payments. made contributions to th8 repair of
services within the units which are not normally a Landlord responsibility.
Trust Projects - The Trust received a grant of £97,600 from the National Lottery Heritsge Fund
towards the cost of repla¢ing 43 windows. £48,80LI was received in 2019 and a further instalmenl of
£39,040 in 2020. The last instalmenl of £9,760 will be paid in 2022. Despite the pandemic and lock
down all of the specified windows were ¥eplaced. One element ol the project that was severely
impacted was the historical development programme. The programme included a number of discrete
events and activities such as the formation of a research team lo invesligalè th& social history of the
Barracks, historical walks, a drama group lo create a mini-Barracks play, publication of a Barracks
history booklet., all these events have been postponed becaLJse of the pandemic.
Grant Gimng - The Trust's grant giving activities have been curtailed during this pericxj.
Small companies provision statement
This report has been prepared in accordan￿ with the small companies regime under the Companies
Act 2006.
The annual report Was approved by the trustees of the charity on
behalf by..
and signed on ils
Anthony Green
Chairman and trustee
P8ge 7

The Barracks Trusl Llmited
Independent Examlnefs Report to the trustees of The Barracks Trust Llmited
("the Company")
I report lo th8 charity FJuslees on my Bxamlnalh)n of Ih'e a(counls of Iho Company for the year ended
31 MarGh 2021.
Re$ponsibillties and basis of report
As the charity's truste¢s Df fhe Company (and also ils dire¢tors lor Ihe'purposes Df company law) you
a￿ responsible for the preparation of th& ac¢ounls in accordance w&th the requirements of the
Companies Act 2D061'the2006 Aty).
Havlng sallsfied mysdf thal the acc4Jun15 of The Bar￿ck$ TrnstLimited are not required to be audited
under Part 16 of Ihe 2006 Act 8nd are eligible for independenl examination. I report In re8pect of my
examInal￿)n of your charity's accounts as carrled out un(Jer seclK)n 145 of the Charltles Act 2011 {'th6
2011 Act'l. In catrying out my examination I hav& followed th9 Dlrèctions given by the Charlty
Commission under section 145ISllbl of the 2011 Act.
IndopÈnd•nt Èxamlngrfs statement
I havg Gomplgled my examlnallon. I confimi that no maller8 have come to.my attenlk)n In conn8Ctlon
with the 8xamination glvlng me cause to belleve:
l. accounting record8 were not kept in respect of The Barracks frust Limited as reqLtlred by sectton
386 of th8 2006 ACL or
2. the 8ccounls do not accord with those records.. or
3. the accounts do not Gomply with tho arcounling requireménts of secuon 396 of the.2006 Act
other than any requirement Ihal the accounts give a frue and fair vwil wh￿h 15 not a matter
considered as part of an independent exBmination', or
4. the accounts have not be8n prepar8d in aBcordanc8 wllh tha methods and princ4ple5 of th8
statement of Recommended Piaclice for accounting and ￿porting by charities lapplicable lo
chaTibe5 prepamg the(r accounts in aC￿danCe wlh Ihe Financial Repjrting Standard
applicable in thè UK and Rèpublic of Ireland IFRS 10211.
I have no wncems and have come across no other matt8rs.in ￿OnneCtIon with the gxaminalion to
which attention should be drawn in this report in 0￿￿1 lo enable a proper understanding of the
accounts lo be reached.
Dar5d Denson ACThAA
VAST
The Dudson Gentr¢
Hop8 Street
stoK9-on-frenl
ST1 5DD
211.121.2.Q2.J..
Page 8

The Barracks Trust Llrnlted
Statement of Financial Activities for tho Year Ended 31 March 2021
{Includlng Income and Expenditure Account and Statement of Total
Recognlsed Gains and Lossés)
Unrestricted
fiirsds
Restricted
fijnds
Totsl
2021
Note
Income and Endowments from:
Other trading activities
Tol81 Income
64.787
Expenditure on:
Raising funds
Charilable activsbes
134,138)
(4.410)
(17,886)
(52,0241
4,410
Total exp9ndiluro
Net inèomellexpendilurel
Nal movement in funds
38,S48
56,434)
26,239
117.886
8,353
26,239
117.886)
Reconclllatlon of funds
Total funds brought foNtard
Totsl funds carried forward
643,279
669,518
Unrestricled
funds
652,166
16
{8,9991
Restricted
runds
660,519
Totsl
2020
Not•
Income and Endowments from:
Donations and legacies
Olher trading aollvlt
40.542
64.554
TolBI Income
64,554
40.542
105.096
Expenditure on:
Raising funds
Gharitsbfe actlvltles
168,2031
(5,3431
73,546
1148.0431
5.343
Total expendttura
Nel expendlture
79.840
1153,386)
(48,2901
(48.290)
8,9921
139,298
Net movement in funds.
Reconclllatlon of funds
16,9921
139,298}
Total funds brought foThvard
Totsl lun(ts carrled foFW8rd
652,271
48,185
8,887
700,456
652,166
16
643,279
All of the charlty'8 a¢liwlie5 derhe from conllnuing operations during the a)ove Iwo pgrrods.
The nolos ¢)n pages 1110 21 form an integr91 part of these financtal statements.
Page 9

The Barracks Trust Llmifed
(Registration number: 7432518)
Balance Sheet as at 31 March 2021
2021
2020
Note
Flxed asset9
Tanglble assets.
12
550,000
550,ODO
Current assets
Deblois
Cash at bank and In.han(J
13
14
7,985
103,034
6.785
111,019
5001
102,566
Creditors-'Anvounts falling due within ono yoar
15
Net current assets
110,519
102.1fj6
Natassots
660.519
652.166
Funds Of the charlty:
Restricted income funds
Restrlcled funcfs
18
18,999).
8,887
Unrestrictod incomè tunds
Unrestricted fund5
669.518
660519
643.279
Total lunds
16
652,166
For the firYan¢ial year endlng 31 March 2021 the charlly was enfjlled to exempb'on from audit undor
seclh)n 477 of the Companie5 Act 2006 relating 10 small companies.
DiTedors' responsibiliti8s'.
The member8 have nof tEqulred the ch*lty to obtaln an au(Jtt of Ils ac¢ounts for Ihe year'"In
quostion In a¢(x)rdance wlth section 476,. and
The directors acknowledge their re5ponsibllllies for compjyng wtth Ift requlrements of the Act
spect to accounting recy)rds and the preparation of accounts.
Th8 financial slalamenls on pages g to 21 wera appmved by thé trustaes, and authorised for issu& on
-8LI41 LILL.. and signed on thelr behalf by.
Trustee
The rK)tes on pages 11.10 2.1 form an integral part Df those financial 5tstemènts.
Page 10

The Barracks Trust Llmlted
Notes to the Flnancial Statements for the Year Ended 31 March 2021
1 Charity stat￿5
The charity is limited by guarantee.. incorporated in England, and c￿nSeqUen￿Y does not have share
capital. Each of Ihe trustees Is liable to contiib(rte an amount not.exceedlng £10 towards the assets of
Ihe charlly In the ovonl of Ilquidaiion.
2 AGcounling pollcles
Summary of significant accounting poli¢ies and kBy accounling estimates
The principal accounting policie5 applied in the preparation of thesè financial statemènts are sel out
below. These wlicies have been consist9ntly applied b all the years presented, unless olheN5Q
Stated.
Statement of compliance
The finan¢ial st8lemenls have been prepar&d in a￿rdance wilh Accounting and Reporting by
Charftles.. Statement of Recommended Praclice applicable lo charities preparing their accounts in
accordance wlth the Hnan¢ial Reporting.Standard applicable in thè UK and Republic ot Ireland {FRS
1021 leffeclive 1 January 20191 {charl￿e8 SORP IFRS 1021). the Finanoiol Reportlng Standard
applicable in the UK and Rg"public of Ireland IFRS 102}. They also comply with the Companies Act
2006 and Charities Act 2011.
Basls of preparation
The Barracks Trust Llmlted mèets the defin￿On of 8 publlc benefit entity under FRS 102. Assets and
liabilities are initially recognised at luslorieAI cost or transaction value unless othe￿1$8 slated In th@
rel$vant a¢counling PDlicy notes.
Going concern
Tha Irustges considgr thal ther.e arg no matsdal uncertalnlles about thg charitys abllty to conllnue'as"
a going con¢grn nor any signilicant areas of uncertainty that affert th6 oarrying valu8 of assets held by
the charity.
InLome and 9ndowments
Voluntary Incomg Indudlng donations. giftg. lauaeA&s 8rKI grants that provide o)re fundlng or are Df 8
gengral nature is recognised when the Charity has enlillempnt to the Income, It Is probable that the
income will be received and the amount can be measured with Suffic￿￿t ￿lIabIlIty.
Grants receivable
Grants are reccyJnlsed when the charlty.has an enllllement to th2 funds and any condilions linkod lo
the grants have bgen meL Where perfom)anc8 cOndI￿On9 are a*hed to the grant and are yet lo be
met, thg income is re¢ognsied as a liability and included on the bal￿tte Sh￿tr as defatrad income fo
bè released.
Page11

The Barracks Trust Limlted
Notes to the Flnancial Statements for the Year Ended 31 March 2021
Expendlture
All expendllure Is iec()gnised once there is a lègal or constructiv& obligab'on lo that expenditure, it is
probable settlemeni is required and the amount can be measured retiably. All costs are allocated to
the appli(xble expenditure headlng that aggregate similar costs to thal category. Where costs cannot
be dlreclly attrlbuted lo particular headlngs they have been allocated on a basi5 consistent with the
U8e of resources, wrth centr81 staff C4Ydls allocated on the basis of lime spent, and depreciation
charg&s aflocat￿ on th8 portSon of the 8sseYs use. Other support cos18 are allocaled based on the
spread of stsff cost8.
R8isin9 fvnds
These are COBts Incurred IA atracllng voluntsty income, th'e rnanagemenl of investments and those.
incurrèd In trading activities that ral88 funds.
Charit&l)le actiyities.
Charitable expenditure comprfses those costs Incurrod by the GharSty In the dellvgry of Ils advlUes
and services for its beneficiaries. 11 includes both costs that can.bp allocaled.direclly to such a￿1vIlle&
and those rosts of an indirect nature necessary lo support them.
.Grantprovlslons
Piomsrons for grants are made when the intention lo mak8 a grant.has been communicated to the
reclplenl butthere 58 uncertainty about etther the timin9 of the 9fdnt or the amount of grant payable.
Governance costs
These include the costs attrtbulable lo the charit￿5 Complia￿ with consliluttonal and slalutory
requirements, induding audit, strategic management and tnjstees's meetings arKI reimbursed
expenses.
Govèrnment grants
Government grants are recognised based on the accrual m(yJel and are measured al Ihe *wr value of
the 8SSèt received or recewable. Grants are classified as ￿latIng either to revenue or lo as5els.
Grants relaling lo ￿venue are recognised in income over the period In which the related costs ?re
recognlsed. Grants relallng lo a8sets are tEcognlsed over the expected usefvjl IKe of the asset. Where
part of a grant r8lallng lo an a8S&t f8'defarred, il Is recogniséd as dgferred Income.
Taxatlon
The tharily is considered to pass the t8sts set out in Paragraph i Schedule 6 of the Fihance ArA 2010
and therefore it meets the definib'on of a charitable company for UK corptsraiion lax purposes.
Accordingty, the charity is WtentI￿lY exempt Irom laxatKJn In 'r88p8c1.of income or capital 9ains
recetved within ¢alegcAies covered by Chapter 3 Part 11 of the Ctsrporation Tax Act 2010 or Section
256 of the Taxallon of Chargeable Galns Act 1.992. to the exlenl that 3uth income or gains are
applled exclusivgly to oharltabl8 wrposes.
Tangible lixed assets
Major expenditure during Ihe year is due lo refurbishinent of vacant units and necessary repairs 10
occup5ed unlts, windows. fire alami and courtyard. This is on.gohg and necessary to malnlatii .a
sufflcieni s18ndard for lelling and to conserve and pras8rve th8 building for futu￿ generations and Is
therefore wrltten off In full In the ygar It is Incurred.
Page 12

The Barrack5 Trust Limitgd
Notes to the Flnanclal Statements forthe Year Ended 31 March 2021
DeproGialion and amortisatlon
Assgt ¢la$$
Land and Bulldlngs
Depreclatlon method and rate
no depreciation is Provided.
Trade dèbtors
Trade debtors afe arnounts due from customers for merchand'xe sold or seNices performed In Ihe
ordinary course of business.
Trade debtors 8re recogni5ed initially al the transaction price. Thay aro subs8q' uènly measured at
amortlsed cost usSng the effective interest rn2th￿, less proV￿10n for I￿palM1@nI. A provi5h)n for the
Impairmonl of tsado debtors Is 88tabli$hed when there Is oblectNe evldence that the charty wlll notbe
able to collect all amounts due according IL) tho original term8 of th8 recglvables.
Cash and cash •qulvalents
Ca8h and cash equlvalents coinprfse cash on hartd and call deposlts. and other short-temi tmghly
Ilquid inv88trnenls Ihal are readily convertlble to a known amount of c85h and are subject to an
insignificaTrt ttsk of Ghange In valug.
Trade credltors
rrade credllDrs are obligations to pay tor gmds or 5@twices th8t have bèén acquired in thg ordinary
course of busln&ss from SUPNlers. Aw9unts payable are classmed 8s current Ilatlllfje8 If the Gharfty
does tK)I have an uncondilional right, al thg end Df tha raportng period, to d&fgr s&tll8menl of the
creditor for at least twelve months aft8r the reporting date. If there is an unconditional right to defer
5etdernent for at least tsjelve months after the repnrting date, Ihey are presented as non-ojrrenl
Ilablllues.
Trade creditor5 arp reGognissd initially at the transaction prtce subsequenlly measuwj al
amorti58d cost using the efferlivg interest method.
Fund 8trycture
Unrestricted income fvnds are gener81 funds that are.available for use at the trustees dIScre￿On in
further8nce of th9 oblecllve8 of the charfly.
Das>3nated funds are unrestricted funds set aside for specilr wry)0S￿ al the discretion of tha
trustee$.
Reslricted income funcls are those donated for use in a particxAar area or for purposes, the
use of whith Is restr(cted lo that area or purpose.
Page 13

The Barracks Trust Llmit9d
Notss to the Flnancial Statements for the Year Ended 31 March 2021
3 Income from donatlons and legacles
Total
2021
Re5triGted
funds
Total
2020
Grants, including capital grants.
Government grants
40,542
40.542
40,542
40.542
4 In¢omo froin other trading aGtlvltles
Unrestricted
fvnds
Genergl
Total
2021
Trading income-,
Other Irading income
64,787
64,787
64,787
Unrestrlcted
funLIs
General
Total
2020
Trading income-
Qlher trading income
64,554
Pago 14

The Barrack5 Trust Limited
Notes to th9 Financlal Slatements for the Year Ended 31 March 2021
Expendlture on r41slng fund$
a) Costs of tradlng actlyltles
Unrestrictsd.
funds
General
Rèstrictèd
funds
Total
2021
Note
Prwty rèntal inGom8 ¢osts
25,036
77.886
42,922
25.036
17,886
42.922
Unrestrict&d
*LEnds
Gèneral
Restri¢t¢d
funds
Total
2020
Note
Pn¥)erty rental income costs
Legal fees
56,2D8
450
79,840
136,048
450
56.658
79.840
136.498
bl Investment management costs
Unrestrlcted
funds
General
Total
2021
Note
Qthw investment thanagemont ¢osts"
Amounts payablg to.propèrty managers
9,102
9,1.02
9,102
9,102
Unrestrl¢tsd
runds
General
Total
2020
other inve51rnent management ctists.
Amounts p￿t￿e to propety managers
11,546
11,545
Page 15

The Barrack5 Trust Lirnited
Notes to the Financlal Ststements for the y.ear Ended 31 March 2021
6 Expendlture on charltable a¢tlvltles
UnroStrl¢tèd
fund
Gonpral
Total
2021
Charilab16 Disbursements {Granls)
.Grants A(Jministratlon
Govemance Costs
Donation
2.615
38
757
1,000
2,615
38
1.000
4.410
Unreslrictod
lunds
GÈnoMI
Total
2020
Charitable Dlsbursements {Grants}
Grants.Adminlstralion
Govemance Costs
4,187
1[
1,056
100
5,343
7 Analysls of govemance and support CQ6ts
Govgrnance GOStS
Unrestrlcted
fund$
Ggnaral
Totsl
2021
Independent exAminer fees
Examination of the financial st8tenients
l)ther govemanc&.c08ts
500
257
257
757
757
Unrestricted
funds
General
Total
2020
Independent examlner fees
Examlnadon of the financial slatemenfs
other govamance costs
400
656
Page 16

The Barracks Trust Limlted
Noles to the Financial Statemenls for the Year Ended 31 March 2021
8 Government grants
Nil was re¢elved from The National Lottery Hedtage Fund.12D20 £39,040)
Nil was received from Newcaslle under Lyme Borough Coundl from Its Hlstorfc Bullding Grant Fund.
12020 E1,5021
The amount of grants recognised In Iho financial slalemenls was £-12020 - £40.542}.
Thera w&e no unfulfilled conditions at the year end for either of the grants recewed.
The charity dkl not benofll from any oth8r forms of govemment a$sl8tonGe.
g Grarit4naking
Analysis of grants
Grants to
imdividuals
2020
Grants ttr institulion
2021
2020
AnalysTS
Newcastle Fotsdbank
Bradwell Lodge
OurSp2ce
Peter Pan Nursgry
Thomas Knott
1st Westland Guides
Newcastle Communily Transport.
Newcastle und?r Lyme Friendship Cèntre
Douglas M8cm1118n
N.S. Asperg8rs
The LITno Trust
NeWcaS￿e District
Better Togelher
250
150
1.283
7,00
304
500
250
q,000
715
100
300
3,487
700
10 Tru6tse$ remuneration and •xpenses
No trustees, nor ony pèr8ons.(x)nnected wtth them. have resTrive.d any remuneration frt>n thg charity
during the year.
No Irustees hBve received.ary reimbursed expenses fr(￿ Ihe dudng the year.
11 Taxatlon
The charity is a regist&red charty and is therefo￿ exempl from t2xaticffl.
Page 17

The Barracks Trust Llmited
Notes lo the Financial Statements for the Year Ended 31 March 2021
12 Tanglb19 fExgd as$gts
Land and
ljuildings
Total
Costl valuation
At 1 April 2020
At 31 March 2021
550,000
550,000
S50,￿0
550,000
Depre¢latlon
At 31 March 2021
Not book valuè
Al 31 March 2021
550.000
550.000
At 31 March 2020
550.OOQ
550,000
Revaluatlon
The falr valu9 of lh8 company's Land and bull dlngs Ylas revalued on 2 February 2011 by Butlers John
Bee, an independent valuer.
Had this d2ss of asset been measured on a historical c05t basis, their c8rryin9 amount Vlou￿ have
been £550,00012020- £550.000).
13 Dgbtors
2021
2020
Trade debtors
Prepayments
other debtors
4.230
1,755
7.985
1.599
6,785
14 Cash and cash èquivalents
2021
2020
Cash atbank
103,034
95,781
Page 18

The Barracks Trust Limited
Notes to the FinanGial Statements for the Year Ended 31 March 2021
15 Credltors: amoun'ts falllng due wlthln one year
2021
2020
Accruals
400
2D20
Deferred income al 1 April 2020
Amounts released from ple￿Ou$ periods
Defeired incomp al year end
238
238
1&Funds
Balanco at
l April
2020
Balanc& at
31 March
202
Incoming
resources
Resourc06
expended Transfers
Unrastrieted funds
Generdl
General
18.000
64,787
131,6191
133.168)
IB.000
Deslgnated
Refurbi5hmenl costs
Oth
(6.929)
33.168
101.518
550,tx)o
651,518
550,000
625.279
33,168.
Total unrgstri¢t9d funds
643,279
64,787
13B.5481
669.518
Restrieted funds
Nallonal Lottèry Herltage
Fund
8,887
117,8861
8.999
Total funds
652 166
660.519
Balance at
l Aprll
2019
Balance at
31 March
2020
Incomlhg
resources
Rèsou￿8$
expandod
Transfer6
Unrostricted fund6
General
G&nBral
18,OOQ
64.554
162,7091
18,000
Paga19

The Barracks Trust Limited
Notes to the Financlal Statements for the Year Endéd 31 PJlarch 2021
Balance at
1 Aprfl
2019
Balance al
31 March
2020
Incoming
resources
Resources
expended
Transfers
Deslgn8ted
Refurbishment costs
Other
84,271
550,000
{10,837}
1,845
75.279
550,000
110,83n
1.845
625.279
Tot81 unrestricted funds
652,271
73,5461
643,279
Restrlcted
National Lollery Heritage
Fund
Newcaslle-Under-Lyme
Borough CDundl
48.185
39.Q40
178.3381
8,887
Total restricted funds
48,185
40,542
170,8401
Total funds
TOO.456
105.096
153.386
652.166
The 5pe¢ific PUTpos8&for which the funds are to be applied are a5 fcllows..
The reslrfcted Natlohal Lottery Heritage fund Is to k used for ' Baok to the Barracks, to fund.the
r&pla￿ment of windows in the Barrack5 and provide 8 seiies of heritage aclivilies. The final
instslment of £g.T60 18 duo in Aprll 2022.
Funding from Newcaslle-Under-LyThe Borou9h C¢)uncil was b pay lor wndow repl?cem8nt and
essential repairs.
Within unffslricted funds is tho value of the propÈrty of Thg Barfad(s Trust d)arily £550.000 on 1 Apdl
2012. the dalg of Iransfgr into the company.
Page 20

The Barracks Trust Llmited
Notes to the Flnanclal Statements for the Year Ended 31 March 2021
17 Analysis of n&t assets beiween funds
Tofal funds
t31
March
2021
UnrestrÈcted'funds
Deslgnated
Restrfctsd
funds
General
Other
Tangible fixed assets
Curienl.88sets
Current liabilities
550.000
550,OC()
111,019
150QI
51,668
500
68,350
(8.9991
Totsl net assets
51,168
68,350
660.519
Totsl funds
at31
PAarth
2020
Unrestrictgd funds
Designated
Rg$tri¢tfjd
funds
GÈneFal
Other
Tangible fixed Bssels
Current assets
Current liabilities
550.OLK)
550.000
102,566
14001
652,166
18,400
400
75,279
8,887
Total n8t asse15
18,000
75.279
550.000
8.887
18 Non4dlu$tin9 event5 after the finan¢ial peTiod
The COVID pandemic (x)nlintJes lo pwent Ihe Twst with a numb￿ of challenges.
Tenants-l beligve the Tnisl has worked wlh all the tenants In a reasonable and compasslonato way.
This working k)gelher has cot)tributed towards the successful gjrvival of aur lenanl basg. The. Trust
has gÉven financtal support in th& form of deferred rantal payments, mad& Contributions to Ihe repair of
seM¢es within Ihe units which are not rK)rmally a Landlord responsi1￿lity.
Twsl Projects Thè Trust rece￿ed a grant of £97.6(K) from the National Lottery Herrtage Fund
towards the fyjst of rgplaoSng 43 wirKlows. £48.800 was receivtsxl In 2019 8nd a further inslalment of
£39,040 In 2D20. Tbe last instslm8llt of £9,760 will be pahl in 2022. Desplle the pand8mlG and lock
down all of the speclfled wlndows were ¥ep(aced. One element of the project that was severely
Impaoted was the h18torlc81 development programme. The programffte hcluded a number of discrete
gvertls and a￿[￿lIeS such as the form81ion of a resoarch team lo Invesligala the soolal hlslory of th&
arracks, historical walks, a drarna group to crgat& a mini-8arracks pky, wblicalion nf a Barrdc&s
history bookle*" all these events have been postponed becauye.of Ihe pandemi
Grant GMng- The Twsfs grant givlng acbvitses have been ¢urtalled duiing this pedod.
Pago 21