Comp8Try reglstration number. 7432518 Charity registr￿[0D rur¥tr)8r: 1142950 The Barracks Trust Limited (A • kmitsd by guarent￿} Arsnyal Reptrt FE￿[￿181 Stalements forthÈ Yeat Erthj 31 March 2024 DaTrl I)en$￿ ACWI VAS.T Th8 Dudson Centr Hop& Street Stoke-on-Tr8nt ST1 5DD The Barracks Trust Limited Contents Rtsference ￿E￿ Admirustraltva D8tals TFUStèes Rwrt { Èncorporating DireclL*8 Y8F*XtI 2to6 In¢Sp￿deTrt E*4minerfs Rewrt Stabment ol Fin8n¢iaJ ￿1)VIlle5 8olan¢6 Sh88t Notes to tho Fftianeial Statements 101021 The Barracks Trust Limited Reference and Administrative Details Twste•s Anthorry Groan: Chwr Dawd Riley Carol Redd Rene Cffjrli81è David Platt Sveret D&vkl R(￿Y Chartty Registrasion Numb8r 1142 Ct)mpany Registration Munlber 7432518 Registered Offi Mount Pleasant NewCaS￿e up.der Lyme ST5 IDP Independent Examin¥r VAST The Dudson Centre StOke-o￿TreNt ST150D B*Trkors Bar¢È8ys Bank Busin8ss D"',rect eupport ￿traI octag￿ House G8dbrooK P8Tk. No¥thw"I'ch Chashire SW9 7RB The Barracks Trust Limited Trustees Report ( Inco￿oratIng the Directors report) The tnrt&g8, who are th"rectors for the purposes of company law. present the annu￿ report togett the finanslel statemants of thè chantabÈ Compani for ttte yw 31 Marth 2ff24, Obje¢tlvos and ocllvitres Obie¢ts orn1 aims The Tfust atnts tr. Enaure oittgeryolion of Ihè Bafracks for preEpnf and ￿￿tra genekn siipport klo ominunltie8 through gtanl-aidiro local volunT8ry.?nd CDmi¥iity gri)ups. It intends b m•etthe68 aims meèbng tha folknwrva ￿jec￿l¥?5. . Developmgnt of a fijndraising strategy to mae*. buikfiru r6furblsb.fr￿I costs: Ensuring Ihat grent atd is avai18ble to tnd￿.dUatS aTrJ small organisatiorts for th8 bonofil of the residents of Newcaslle-uThS8r-LyTno and surrounding aroa; . Ensu¥ing Ih2t thg <>TrJanisatton's govemance and adminislrat¥on arB fft fr)r putFW' . Maximi&ing th8. usage potent121 of" tha building for irrn gewalkon.. . Estab[￿￿9 a property that complies wtth all legal. ￿1ft1ng and general buildiFV18gisl&lion'. "' Iiiiptoving th8 hsStOTiC wofiie and increase pubknc awaten8ss of the Borr8¢ks es a HeYi18ge sile. Pobfic beneht Th& trusttses tsvp k8Pt in Iheir duty lo thaf th&r050t4rrth of Thè Bknacks Tnjst fr)r pmblitt bohefit. Ths ks béon reoltsed Trust i . Ptovi¢Jing gratts to loc¥1 chaFitébl8 ￿ga￿ti'0r￿: . Providing grants lo m(fiwduals' . Maint￿nIng arkd irnpro¥ing the 8*[A￿S. a S￿r0￿cent herttage atsset ITh the town certre. The trLths Ix)nfirm that they havo ¢ofnplied vjrlh th6 requir8rn&71s of section 1T of Ihe Ctwiltes Act 2011 to regard to Il* ryJbflc bengfit gui(￿nCe Wishgd by the Charity CommissK>n fr)r Ebglond and'Nal&s. Grant makn.ng policies During the yvr &nthng 31 March 2024 the Ttust dsstributed £4,95012023 £3,874} in thar,table gran and £1:606.in donabons 12023.'£1,270 }. On8 of "fhe Tr5ajor problem8 With grants giving is findtng 'worthy causes to supp¢Jt but grants and donations this year navg ssjpported Newcas118 Foodbank, St J)drews Westtands Well Beir¥3 Cefe, knfewoEks Staffordshire. corFlributions to Newtsistle Rolary (aub who were suppotb.ng var*ous ¢haritses, Bfiaade. N￿wCasIte Districl Scout Cotwjcd's "Caslle ' Cap6FS Gan￿, B Arts Lantorn Parade and a pr%ze kn Newcastte-v. nrfei-Lwne's Music Festival. Thè T¥tJst has developed an iNformal partn8rshp Newcastle Rotary Ctub, vAweby tk6 two pariies logelher tt5 provide joint funding for ￿rtaIll prqeGts e.g ¢onations to Ffjd8 C8noer Ch&tity ond Prostate C8n¢et Charity.. The Barracks Trust Limlted Trustees Report { incorporating the Directorfs report) Flftancial review .OIKing Ihi$ f108n17al ￿ar the Tru5t.'has undertakw general mauitA&n¢8 and rgpairs 81 a ¢0st of £28.000 lèthich is high8f Ihon 2023 £11.528 but includ￿ Maki￿ gocd Phase 11 CK the ws+id(w repla￿TT￿lt £9.356. roof and guXeEing r¢pair& tncluiSirwJ sc8rfotding £9.521 g8neY81 rop8W IDt8lltng£5,504. Roof and damp are Gtr£t**ly mrmitored. .t>JTecbvg wi)rt C￿￿28d out as ihag) iSSug8 occur. Onè extraordinary itpm was a cxtKapsed yavement.vAtFon th6 9)uity?rd ythich ntyth ext￿￿1V8 investigation arKJ repair t¢) rèmedy the sihjation. The totsl cost of the repair. w8s £4.423 n708t of Ihe cost was hwtded frcyn Ihe bal￿¢8 held in tho lenanl" wnkn'ro fund ￿th a small (x)ntribubon frum Tho Trtjst. In th8 yaar endTng 31 hlftTdi 2024 work was Corrplet￿J on Pha5e11 Dfthe wirth replac8meDt to the front of the buil(Ing st a wst Df £9,356 as pr8viously mentioned j2023." £18.118.' 2022: £45,470). Tk￿6& ￿￿tS were incjjrred for the masm repa.irs and 0th9r 6xlomo1 repairs e.g., potents'al outterir EeJacem8nt D￿t￿g Ih55 ffnanaal year the Board has m* tt)e deei&on to rgfX)mmence the fe•m6nt of the Wknrk¥ws. The tenns ol referen￿ for ph2s8 IH have been drawn up and an kiitial invT>Stoation has estabRish8d th8t there wtwld be E fuTlher thirty￿ght to rqjlared at an estmated cost of £160.01]0. Tlie project will be broken do￿9} klto thr8e phases 8rKI an apJ¢¢8ti¢)rt w*ll be made lo the HeTitag6 L¢ttsry forfin4n¢i81 support. Th& Trust has 4MtinwJ with iks iniiiative lo make t￿e tLtikling more 8neFgy efficienL Thi¥ h8& s£en the ipista112tion of lolt insMalM)n"in d nurnber.of units ?rKI.Ihe rRplactment of oJd wall heaters wtlh new QCD. fFigndly alt8rnali¥88.' Onè slgnfftant tlevetopmerst was the invesbgatson to consider solBr panfls as "en altemattve pow8r sourcÉ. A Epec381i4 constrtrdni ¥was tasked Nwth provfjding tho Board WFlh 8 f8asibility study al a cost ol £3.C60. It was hoped that th& study W￿￿d ideftknfy 8conomic bBneffts for the tenants eod make the tstylth,ng gnvironmentally ftiendly. Th& study found th8t the estirnaled cost for solar p8nel8 would be kn thè order of £60,0(￿ ￿ wff0rtL￿1e1Y little benefft to 6lther th8 landlord Dr th8 tenants l&mis of thetr energy o)sts. In this IInan￿81 the Board has successfully (p¥er¥een lh8 replacement of SO% ol thei Otd and in88cure pt88llc guttèring v4ith new gFJtt8ring based on a Vi(*oT}8n.deS￿n which is more sympaOI8tic wittk the oyatal arK*itecturp ol the buikling. Tha Teplacer¢Jent of the final 50% is Fganned lo ba compbted by Julv 2024 at a cv5tof £9.00). Th8 Trusl managed Its finwKps w811 *id adhgred to.its reserves p)kcy The Barracks Trust Limited Trustees Rep¢)rt ( incorporating the Direcknr's report) PofKy onwes Tha Trustcytren8y1*4d LU7r8slrthd free reseEV8S of £I8,{K￿(2023£18,oCQ1. b o)V8r . potonliat rentbshgd and a PToject P¢l8nager and Health and &fety consultant appointed. The vjsndows wera installod by .March 2022 at 8 005t of £45.470. Furtlier &￿tS of £18.118 we.re incurrRd for the r8pairs to the masonry and other extemal ropairs foltowing the insta1181M)n. . PropeFty Managernent and Tenancios Despilg tenants loaviw. during this petv)d ther6 kn not beeri a probIgm n fjnding siit8ble replaceménts. Thè town centre fft*ticii. haviiig a ¢8r 5paee and the character of the building eiisure that there are people keen to take i4) each vacatit unit Tha wtSy inig thal units remain empty is th6y are 3woSting r￿￿[bl$hment and N¥hÉtst fv. WQTk is i¥ing carried oiJL Th6 Trusi has PTcMded an award to the t*en Art Exlwbition for the of N8wcastl& ead7 year sin¢a 2Q 14 and is eommittgd to continuè pract¢S IhefvtLwe. Th8 TrustalsD wtswidad "an aw9rd lo the New(3Stfe Music Festival ir% 2017, 201g. 2022 and 2024 of £250. The Trust is cffiJmvtt8d in stspportsng th8 Art5. in ts visdesk context, within th9 Bmh. This tos enabled the trstsStÈg5 to becatr..¥ more involved with Iccal netWOfk5 Io T￿nIs6 Ioc41 8x(*llen(* e.g. ¥upporting the L81kn Par8d& .P8gg5 The Barracks Trust Limited Trustees Report ( incoo)orating the Directovs report) .StnEctUTe. governance managem•rt .Nature oTgov•ming dD¢vment Tr(fr £)rgani621ion is e (*arit8ble comwy limrted by gu8r8nk8, inry)rpornted. 8 November 2010 snd registered as g chatity on 19 Juty 2011.ThE estabfishe(J under a lknor8ndLHn of AswalioR. It tS4B)t e membei*ap ¢hanty. This 4*8ritsble Cornpany ¥￿Ved the ass6ts of trE" pre-exist3ng untFTcorpwa18d assooatior, 8aracks Tntst Iwslered ch&rfty number 2179191 on 1 Apn"1 20f2. Incorporation vas 30vght to p￿teCt th8 trust￿ of charity and also to faalitate ti16 devetOPFTWrt of lh8 organbS8tion by, for Th8 8arr£d(s is a gr* 2 listed buitding in the cgntre of F48w¢aStle-urthr-L￿ne. The l)ullthng has 19 'swarate units which arB rented ¢yJt to So￿￿1 cKganis8ltons. Trie Inome is used to maintain and improvo the buildtng and th&. surplus is distribut&l loca c(xrnKmty and voluntsry groups and .Indivtduals tn Ihrowh a w8nt-giviryJ pror Th6 T￿￿* pays tr the sgrvic8s of a m8naging agent Lowe ano EUirAL to Overs￿ the management of the grope*y. The Trust also t)ays for wjm1n￿tr0t10n support.. The finanai& WOfdirKJ Is cauied Ixtt by a vduntear *crnuRtant who works closdy wtth the TTt¥sVq"treasureT. k￿*￿Itmentand appolnbnentof I￿st*S Thts 8wing trus￿ ￿ect th6 f￿￿te05. Th8 Trust Rrt o¢trw&ly looking to rocwit r¢ew trusLebS. Db"t3ng this Wh)fj, the Ttust P8rtlcipa(ed' in an *iant wh￿ti was organised by" VAST for attrath.ro ryaw trus￿$ inkn the voluntary sector. It is praposed It*at thp Twst b6 18PF8senled 8t g .SHnilar" ei.gnl betng ￿g￿lSed by &Fpport Staff¢rdshvB. Small ¢omponies provtsion strtOTnent This report has been w&par8d fft aCcOrdar￿ with th& smdl compani69 Ftyim8 under the Companies Th* annual rawt was •pprosfd ty the lnth.of fv rth&ity on ....... . . Anthory GTaBn ChaitTnon Qnd trustee Pagè 6 The Barracks Trust Limited Independent Examiners Report to the trustees of The Barracks Trust Limited he Company,) I rèport to lh& ia• trustees M my exaMinatsc￿ of ts a￿￿unts of the COrry￿y for the w ended 31 M8rch 2024. Rpsponsibillties and basis of r￿Ort As the charl￿S tnJstees uf the Company {gnd also its dirottors for the puiw)ses of law) you ar& re¥ponsible for the preparation of Ihe acc￿nts in als)rd9n￿ the rewFi0m￿ts of CAxnpanies Atrt 2006 £'th8 21)06 ALY). Havlng saL'"sfi8d My￿rY th8t the aco)urts of tha Corripany arg Dol reqLKred lo be 8udlted under Part 16 of the 2006 Ad 8nd ara altgible for ir¢depeTident examina¥ion. F report in rospe￿ of my éxaminalton of your chority'5 accoutts as tarried out und8r se&ior, 145 of the Ch8T¥tiBs Act 2011 1.the 2011 A¢f). In canying OL41 my 0X￿Alr￿￿tiON I have fckned the DitBcts0￿5 9Éven by Iho Charity Commission knydor Sa￿0n 145{5}(bl of the 2011 Ac£ Ind¢pendotrt &X8minefs statew*nt I have ¢ornploled my examinalion. I Ix)ftfinn that no matters hgve come to my attention in ￿nneC[lOn with 8x&mif]ation gNing me ¢a￿se to b&lieve: l. a¢￿unt[n0 records were kopt in r* ofTh6 Ba¥racks Twst Limiled as required by &ecllc)n 386 of th& 2006 Act., or 2. thg thttcoynts do not acu)rd with thrjse rewdB". or &. the acWUtts sjo not corftlY,y iyth the ac(X)until￿ rylu￿ernents tsf Sectlon 396 of lh8 2006 Act other than any rewiremont that the ac¢ounts gtve 8 'tnte and fai¥ Vie￿ which is not a matter ¢Pn51der¥d. as part of Sn indopendent examinth"n', OF 4. the anGourt6 have not be8ft prepar•& In ac£o.rdarKe"with the. and prinaples of lh& statement of Recottvnended Practic* ft( acco￿.1]r￿J arTd rwrtsng by th8rilies lappficable lo d)ar..kes prying IF￿1T acLY)Lhts tr acfa7rdance w#h. the Fir5ancial Repthng S13Kdèrd app}i¢8b￿ in the LM( Republic of I￿￿nd (FRS IQ2}}. I hav8 no c￿Cem￿ and have come &cross rK¢ Other m8ttfyrs ￿ cwinedion wtth Iho exaniinaoon to which attenti￿ shoutd ￿ dra*¢i in this report in Otdei to enabl8 a proper understandlng of the acco,Jtits t4) bB reached. ti*ryl DéfisL*ACkfjA ACMA IIAST The Dudson Cgrrtfe Hope Slreel sttske-13n-Tr￿l Dale:. 2711112024 Pdge 7 The Barracks Trust Limited statement of Financial Activtties for the Year Ended 31 March 2024 Ilnciuding Income and Expenditure Account and Statement of Total Recognised Gains and Losses} Unrnstrictsd Total X124 and Endowm•ntsfrom" Olher trading g¢I+v￿9S 74248 74,24 74,248 74.248 Expandituro on: Raising funds Ch8Yltab18 aots'wlies (53,092) &178 (53,092) (8,178) Total 8xpontfrtur8 Nel in¢t)mg 81,2701 81,270 12,978 12.g78 Net ttovetiipnt in fijnds 12,978 12.978 Roconciliation.of funds Total f.unds brought f(*WaF¢ 644,560 T¢tsl funijs G9T11￿ IDrwaFcI 657.538 UDrestri¢tsd Ilestricted fvnds tund5 Total 2(123 Not• lY￿xn? ayd Endowmtrnts from: Donatioiiy ¥nd I￿￿eleS Other t¥a(*'ng 8ctivitias 9.780 9,7e 6,898 Total ii)corne 66,898 9,760 76,858 Expenditure on: Raising fvnds . Ch&rit8¥Ae aclivthes 162.476) 6.131 I9.7￿) {72,2361 16.1311 Tutal axp6nditure (BB.607) {9,760} (78,387) 14,709 N¢t expenditur& Nèt rna¥4menl In funds Rg¢p"Dciliation of tunrls Tiitat funds broLvJbt forward TDtsi fui1é5 Lwried *)rward 64Q.2S9 646,269 644.560 16tth&olw4Ws aGl1vit￿ tt&ive from O￿tinUEng during Ihe above periods. The rnt8s en pBges 10 to 21 fomi an int&3ral pert of Ih8s6 fiftantisl tstatem6ftts. Pag6 8 The Barracks Trust Limited (Registration number: 7432518) Balance Sheet as at 31 March 2024 2Q24 2023 Noi Fixed assets Tangibl& assets 550,000 550,000 Current assets Debtors Cash at bank and in hand 6,053 102,122 7,230 88.238 13 108,175 95.468 Creditors.. Amounts falling due within one year 14 16371 19081 Net current assets 107.538 94.560 Net assets 657.538 644.560 Funds of the charity: Unrestricted in¢omo funds Unreslricled funds 657.538 644,560 Total funds 15 657,538 644.560 For the financial year ending 31 March 2024 the charity was entitled to exempliDn from audit under section 477 of the Companies Act 2006 relating to small companies. Directors. responsibilities". The members have not required th6 charity lo obtain an audit of ils aocounls for the year in question in accordance with section 476., and The directors acknowledge their responsibilities for complying with the requirements of th8 Act with r8sp8cI lo accounting records and the pr8paration of accounts The fi ancial statements on pages 8 10 21 were approved by th& trustees. and 8ulhorised lor issue on .ifr.. and signed on their behalf by.. eter D8VIS Tru51ee The notes on pages 10 10 21 form an int8gral part of these financial slalements. Page 9 The Barracks Trust Limited Notes to the Financial Statements for the Year Ended 31 March 2024 Charity stst ThB limit£d by guarantee, inc(Jwated fTr Engla"nd, &hd Ix¥ngeq￿e￿FY do& iiot h8v8 shar8 capital. Each of the t¥ustees Is liabta to cnntrsbutg an 2mount fK)t &xrEeding £10 tuwardg the assets of the chority in thé went ofSqLAdation. 2 Accounting pok¢￿S Summary ofsignificant accounting policies and key acoounting estvtiatas Thè priftupal accounting pdicT&g app.:ied in the prep8r2tion of Ihese financial statwr¥ents ar8 set out below. The6a Y￿1&S h&v8 Lwn 1X￿$1Stent1Y 8ppl.ied to all the wesentsd, uAI866 Oth￿4 stated. statement.of ¢ompl*an¢e Tho finaneEal slatB.ry￿ts tsve b8en prepared in accor41an￿ ￿1h A¢ountiry and Reporting by Chariti"es: Stat&m8nt of Ra¢￿)mended Practice aWicsble "io di.Lrites preparing their awoynts ift accordance w71h the Fitiancial RaFYJrtiQg Stanthd apJtcabb tn UK 8nd Repijblic of Ireland {FRS f021 £effeottve 1 Janiiary 20191- Icharit'.es SORP {FRS q02}I. Financial R8porling Stsnd&r "appliceble in the UK ond Ret)ublic of"Ire12nd IFRS 1021. They also comply with the Companies Act 2006 ènd ChaNttes'Act 2011. Bttsls of prepaTlltson The BatTacks TrLFSt lh6 dèffftition of a PLSbhc bon8fi¢ entsty undor FRS 1D2. Assets and abKilw arg4 initi81fy ￿(%￿)ntsed tyl histort¢el Cost or trans&tion value &mless OtheN￿ge slated in the rel&VaEIt escouuttny t*kny ruths. Going cDncern T&78 tmslees Cry￿1der that there are no material unc8rtainti88 about the ehaWs abilty to cantinFJè a2 a going conLyn norany sign￿5 Olt areas ()f uncartainty th81 aff￿l.th9 ca¢TJing valug Ot asseL8 held by th8 charity. In¢ome gnd &n'dowments Voluntary incoipe including donafjons. gifts. ￿ants that F)rovide funffjng or ar& of 2 gèneral A&ture is re¢ognised the Charity has èntittem8r).t to. Ihe Income. it is prOb£￿e that the infjQFno will bo fetsived and th8 amounl r4n be mea￿￿.￿th suffitaent reliabilty. Gtanls.aTe rèwgThsed wtwi thg dwi'ty ha8 an enltttement tc.the lunds an.d any wfidtt￿s linked to gratrt8 ha¥e baen mèt. Where performallo co￿{￿0nS arE attached lo the grant and #ra tr) b8 m&t.'the income Is recognsied as a fi8￿1$￿.8[1d srKtLthd.on b8tance sheet a8 {￿fer￿￿ Incomg 10 Page 10 The Barracks Trust Limited Noles to the Financial Statements for the Ypar Ended 31 March 2024 Expenditure All expehditur8 ts Eecounistd there i% a i￿[ u c4)rL*trJelive d)tgation to that exF¢nditu￿. il 15 piobetjle settlément ts requwed *)d the amourt can be ￿leasured rdiably. All Costs are allwated lo the ap￿5CabIP expenditure heading that agg¥8gate simslar costs to L*at category. Where costs cannot b8 direcfjy Bttrtkwl*t io particulai h.gadings they have beers *locat>Y on a basis consistent with the .w%e of r6sourc8s. n8r¥tr81 staff costs a'localed ￿ the of timg 6P8ftL and dapr￿lation bérgts ￿CLated on thè wtion of the 8&8et's usfj. ather support tffits Bre allo(zted based on the .￿rèa￿ of st8ff costs. Raising funds Thesè are t>3sts incuFr8d Fn atrading voluntary I￿[)TrE. the ￿l￿ageM￿l* of inv8sb7wnts and Ineurrgd in tr8diro ac*¥rfies that r8i8e fvnds. Charitable aetivitiès Ch8rit2ble oxpenditur6 comprises IFY)se costs In￿rred ty Iho Gttarity In the delivery of its a¢tvitiès ahd saNsc&s far itÉ bengfiaaTiè5. It indudes tth c05ts that can ba allocated dir• to such a￿Vi￿"6$ and those rA)Sts of an irAiiECt nBture necessary lo suyucirt them. Gtant provist(Ins Piovisii)rts for gr•nls are made %vl)er* intenti(￿.tO inaké &4xant has been ¢>)mnwnicated to the t*c&pient bLrt thgre is uncerkinty at4)ut ertherthe of lkne grant or the amount of grant payatle. Gov8rnJnce #osts ThE*a in-lude Ihe oxts attrÉbutsble to tl* th*itys ctmF4ianc& ￿ conststulional ¥lalutory .T￿v[Fen7pnts. tt7ckthg gudtt, strategic monwent and truste8S m88tings r8imbur GoveTBmentgrant5 .GovgfDment grants 8re r￿Jni￿ b8sed cn th8 8ccru81 model 8nd ere ￿e￿Sured 8t tha fair valu8 of e receivgd or receivable. Grap,Is are dassifi&Y 05 relati￿ either Eo rgvenue or lo assets. Grants rebts.ng to rovenue rwnised in ovw the peric41 in **tch the Fèlated costs ar6 fecognlsed. Grenls Felating to assets are over tho exp￿￿ useful lite ol the a55et. Whrb pati tsf a&rant rpl8ling to an. 2sseLis.d&ferred. tt is rocwnisedas deferred incotno. T&xtiti "Thg ctwrty Ès considgted to pass the tesis sel ￿tst. Pa?4 giatsh 1 ScaHJub 6 of th8 Finan￿ Ad X110 id ttrtèr*re it m88ts th.e rJefinillon 01 a chttritabte 43)bmpany for UK copyation w purposes. Accor"¢ffiTYJ"ty.. th& chwity is wteritially exeTnpl fror: lay2tK)n ￿ r65pect Df iftcorrts Dr capital gains r￿giV￿d wqthin categtsriés Cover&￿ by chapt￿ 3 Part 11 ol tlp".CcrFOS8trffi Tax Act 2010 or Sectson 256 .of IhR Toxalion ol Chafgeabl& Gains Act 1992., to Ine u12nl that &(th tncom6 or gains are opplÉed ￿tI￿gI￿&Y k) d¥aFitable pUfF￿JSe&, 'Tangibl& fixad asspts Maj'or 6xpanditurg durtng ygar is due to refurb1Shtr￿TrI.or Y8￿nI units and necesS￿ry rel￿r5 10 OQCLwi8d ur>ils. windows, fire elarm end ￿lI￿ard. This is on-going aryj nacessary to maint&n a suffiuert s*ondard for lettiTrg and to con8eNe and presew thè l)uilding for fu￿re gen&Ttions &fKI ts thèi$for8 WlittY3n off in tdll thg y8ar it is i2curre PÉge11 The Barracks Trust Limited Notes to the Financial Ststements for the Year Ended 31 March 2024 Dopreclatiun qmortlsaison Asset class Land and Burfd5ngs Pepreciaifon m8thod and fx) ¢epreci8tion is wovided Trnda debtors Tr8da dè¥Jlors <4re arn￿￿￿ du6 froFn cx*lOT￿rs ts meAth.an(kse %4d or perfO￿Nd tn the ordinary coursaof busirJ•sg. Tra(b d8bt0￿ are To￿3n4sell Inrtialty at tr8nsact¥on price. Thèy *ts 6ubstrwenlty measured at am￿￿'Sed cost usiNJ the &ffecttve inttsrest m8trKxa. less prOvis￿n for in7paiTrnenL A provision for the Impaim)e#t of Iroda debtC￿ is 8$18blished when there is obje(*ve evidence that d￿rity véill ntst be able to ¢olW all amounts a£c4wJing to Ihe original temis cf the recgivables. Cfjsh and ca5b frquivalents Cash and cash 8qutval6nls cornprisa cash haNJ apd call depDSitS. 9T￿ other short4em h&hly liquid investments Ihat 8re roa[f￿Y tt)nvertitle to a kno*h amoLtD.t ot cash and ar& subject to an 18unificanl iisk of chang8 in valu8. TTad8 EredttoT "Tft)de creditors arb obligations to P8y for g(x)ds w services that have acy4uw8d in th8 ordinary £xJurse of busines6 from suppliers.. Acoxtnts payab￿ ctasstfjed as cutrenl liabili4?88 rf the Chqiity d￿$ not have an bnC0￿Itional ngh"t. al th8 er￿ of the rewrting pwic#d, tD defer sett￿m￿nt of th8 creditor fDr at l.east twelve months after the repo.rting tst"e. If ttwe an urwnditional rtghl to deter Gettlernent for * feast Iwdve monthg after the fqrthng (tste. Ihoy ere pres8rited os TM-wr¥ert li*litie& Trade u*dttors rewft1￿ inifidly at the fransadwm piic£' and subs8q&sndy at. omortiS8d cost using th9.gffective interest melhod. Fund structure UT]restiTCtttd inconie fvnds ar6 uenerak fvtJd5 thot ore ayaKabIe for use 8t tlp trustees discretion in f(￿herence of the otyeclives of th6 d)aTity. Deygn8t8d fvnd5 fjro unfe8trKted funts" 6et asi(k Yor spec￿c puyposes al tha discretion ot tho The Batracks Tn￿t Limlted Notes to the Financial Statements for the Year En(led 31 March 2024 3 Inconw from donations and bga¢i&s Total 2024 nds 2023 Granls, induding capttal gF3Tts' Government grants 9.760 9,760 9.760 Q.760 The Barracks Trust Limited Notes to the Financial Statements for the Year Ended 31 klarch 2024 4 In¢omo from other trading aotlvi Unrestrictsd funds General Total 2Q24 Trarjinu ihcom*, othpr tr8thrvJ in¢i¥ne 74248 74.248 74.248 74,248 Unrestrictsd Total 2023 Gèneral Tradtng income. Dthor lrnding ineome 66.898 66.g98 88,898 5 ExÈend4turn on rnising fvn e} Costs ol trading aclivitses Unrestricted *Jnds Designated General Total 2024 PropeTty Tental inwme ¢￿Ets M8Fk&ting and 5iubhc4ty 18.641 20.821 4,020 39.462 4,020 18.641 43,482 Unré5tri¢tedfunds D8signatsd General Restrietsd I[￿dS Total 2023 Property rentsl irtTrim costs Marketiny aRd Ixjbliuty 36.t19 16.657 1.495 9,780 62,536 1,495 64,031 36.119 9,760 Poge 14 The Barracks Trust Limited Notes to the Financial Statements for the Year Ended 31 March 2024 b) Invèstmant manauwnerrt costs Unrnstrfeted *und5 General Totsl 2024 Not other investmènt menagemork costs," Amounl$pay4bl? to woperty managers 9.610 9,610 9,610 9,610 Unrostrictsd fund5 Gèneral Total 2023 other inv881mantmon8g8m8ntÉYJstr, Amounts payable to propaFty man8g8rs 8.205 8,205 8,205 8205 6 Exp8ndi*ure on charitsble activities Unrestricted funds Gerieral Tot41 2024 Ch4Fitabl8 Ds'$bursen￿ {GFaritsl Prizes Donation&. 4,950 250 2SO 6,8Q6 Unrestrictpd .funds General Total 2Q23 ChaFitable Disbursements (GF4nts) Prizes Qon8titsr 3.874 370 3,874 370 900 5,144 Page 15 The Barracks Trust Limited Notes to the Flnanclal Statements for the Year Ended 34 March 2024 7 Ana"lysFs of gov?rn8ncoAnd support costs Gove[nftRco CD* Unrestricted bJrTrds General Total 2024 Ind6wndent axamineT F88S Examinalic>n oflh8 finencial ststements Other go¥6rnancÉ C¢Bts 539 833 539 1.372 Unrestricted nds Gen￿1 Total 2023 Indèpendgnt &xamtiler lees Ex*nin4lion Df thp financid ¥latements gov8manc8 cogts 443 Page 18 The Barracks Trust Limited Notes to the Financial Ststsments for the Year Ended 31 March 2024 8 Grant4raking Anatysis of gr4nts Grants to institu£iolls Z024 2023 Peler P￿n Nursery M6wcastle Communrty Transpc4t The Lyme TNSI Newcastle Rotary Club st Andreivs W80 Being Cafe Llfpworks Slafforitshiro Food Ballk GRnt Newoa¥illo Di51n"¢t S¢out Courd . 1,274 3.874 9 Tntstees remuneration and expenses DurE￿g thè year chafy mad&lh8 fofthvknu transacbons trust*. Anthony Green £209 {2023."£NIl) of exp￿598 rnimbur8fid to P6thny Gre8n du￿ng Ihg year. Pat￿ Davis £13112023.. £Ntl) af expenses v4*a reimbursed b Peter Clavis during Ibe yeaf. No trust￿$, 4ny persons connethd Ihern, h??ie rec&ved 8ny T2mun8ration from th8 chartty Lluring the yeBr. 10 Taxation T￿4￿rity is a rwistered (*Jwity and is exBmplfroFn taxation. Page 17 The Barracks Trust Limited Notes to the Financial Ststements for the Year Ended 31 Marcb 2024 11 Tangible 4$5ets Land and Tt)tsl ¢ostl valuati*)n At l Ap￿ 2023 At 31 M8tvh 2024 550.000 550.0(h3 550.OW SXI,O DePre¢latton Al 31 March 2024 N8t boolt value At 31 2D24 55L>,(ICiI 550,000 At 31 Match 2023 550.0 550.QOO valuation Tfve fair ¥8lLre of ts •nys Land 8r%l ￿va￿d on 2 201 I by ButteT6 John Beo, aD indep8ndeftt vduer. Ha0 thts das5 of tisset been mgasured on a histori￿1 tosl Iheir ¢9ryiog *nounl wwld hav& £Nil (2023- £NiJl. 12 Debtors 21fd4 2023 AfrJued inwme othw debtors 1,948 5,282 7,230 13 Cash and tash oqut¥altynts 2024 2023 Ceth atbook lQ2,122 88.,238 P8ge18 The Barracks Trust Limited Notes to the Financial Statements for the Year Ended 31 Nlarch 2024 14 Croditws amounts falllng wlthln 0￿year 2024 2023 Acesua15 54Q 388 87 637 15 Funds Balance at 31 March 21J24 1 APTII 2023 Incomthg R8sources sourc&s expended Tr4nsfErs Uttrtstrieted funds General Goneral 16.000 74248 L612TQ) (12.978} 18,QOO Designat 7fj,560 S￿.000 12,978 89,538 550,000 639,538 12.978 Total funds 61.270 857.538 Poge t9 The Barracks Trust Limlted P4otes to the Financial Statements for thè Year Ended 31 March 2024 Balance at l April Balan¢e at 31 Marrh 2023 lTrcomlng Resour¢gs xponded Transfors unres￿0tttd funds Geueral G8neY 1£.OUQ 86.898 (32.488) (34.410) i&ooo Relurbishment costs oth8r 78,269 550.CM)Q 628,269 L36,119) 76,560 550,QQO 626,560 .119 34.410 Total wjrvstiicted funds 646,269 66.898 (68,607) R•slri¢tsd Natio￿al Lottery H8riEage Fund 9.760 Totol fuod Th8 stwfi¢ putP0S8s for vhilc44 Ihp funds are to be aFplied are as.follows: Th& r69trid8d Nationol Lotw HèTi&ge is to be used Tor 'Bath to the Barradis. to fvnd the tetrlac8thent Of wirKlcws inthe Barracks and provide 0 series of ￿fftage ficti￿11*￿. Funding from Ne¥¥cost*-Undef.Lylle Borujgh Cound Twgs to pay for wirthw Teplacemofil and ess8nlid Tepwrs. Within unrestrTrcted lunds is the ￿lue of the PYLVarty of The 8arrad(s T.fyJstcharity £550,000 ¢Jn 1 Awil 2012. the date ol traDsfer into Ihe ¢ompany. The Barracks Trust Limited Notes to the Financial Ststements for the Year Ended 31 March 2024 6 Analysk of nèt betwèen futtds Total funds at 31 March Unrestricted fun45 General Dèsigiwted Tangtsle flxed assets Cirntass8ts Curr8nt lia1￿"￿treS 550.000 1Q8,175 637 18.637 89,538 Total n*t 8ssets 18,000 639.538 857,538 Total funds at 31 March 2023 Ufwestricted funds General DesigE>ated T8wblo fix¢d ￿￿ets CuTrentasset$ Current li8￿1￿98 550,000 95,468 1908} 18,9)8 !iKJ8) 18,000 Totsl netass&tB 626.560 rf7 Rekted part¥ transaciions TEw6 wé¥6 rtu r4eled partytEansth*Éms intt￿ y*. Page 21