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2025-03-31-accounts

Company registration number: 7432518 Charity registration number: 1142950

The Barracks Trust Limited

(A company limited by guarantee)

Annual Report and Financial Statements

for the Year Ended 31 March 2025

Daryl Denson ACMA VAST The Dudson Centre Hope Street Stoke-on-Trent ST1 5DD

The Barracks Trust Limited

Contents

Reference and Administrative Details 1
Trustees Report ( incorporating the Director's report) 2 to 6
Independent Examiner's Report 7
Statement of Financial Activities 8
Balance Sheet 9
Notes to the Financial Statements 10 to 20

The Barracks Trust Limited

Reference and Administrative Details

Trustees Anthony Green, Chair Peter Davis, Treasurer to 4th December 2025 David Riley Carol Reddish Rene Carlisle David Platt Anne Smith, Treasurer from 4th December 2025 Secretary David Riley Charity Registration Number 1142950 Company Registration Number 7432518 The charity is incorporated in England. Registered Office Faircroft Mount Pleasant Newcastle under Lyme ST5 1DP Independent Examiner Daryl Denson ACMA VAST The Dudson Centre Hope Street Stoke-on-Trent ST1 5DD Bankers Barclays Bank Business Direct Support Central Octagon House Gadbrook Park Northwich Cheshire SW9 7RB

Page 1

The Barracks Trust Limited

Trustees Report ( incorporating the Director's report)

The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 March 2025.

Objectives and activities

Objects and aims

The Trust aims to:

Ensure the conservation of the Barracks for present and future generations; support local communities through grant-aiding local voluntary and community groups.

It intends to meet these aims through meeting the following objectives:

Public benefit

The trustees have kept in their duty to ensure that the resources of The Barracks Trust are used for public benefit. This has been realised by the Trust in:

The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Grant making policies

During the year ending 31 March 2025 the Trust distributed £3,732 (2024 £4,950) in charitable grants and £349 in donations (2024:£1,606). One of the major problems with grants giving is finding worthy causes to support but grants and donations this year have supported Newcastle Foodbank, supplied a sensory mark making board, enabled housing modifications for a disabled child, St Chads C of E School, Emmaus Staffs t/a Emmaus Potteries and contributions to Newcastle Rotary Club who were supporting various charities and individuals. The Trust has provided £600 in prizes to support Newcastle-under-Lyme’s Music Festival and Newcastle’s Open Art and Craft Exhibition 2024 art prize. Grants to individuals total £732.

The Trust has developed an informal partnership with Newcastle Rotary Club, whereby the two parties work together to provide joint funding for certain projects e.g. safe garden access for disabled child.

Page 2

The Barracks Trust Limited

Trustees Report ( incorporating the Director's report)

Financial review

During this financial year the Trust has undertaken general maintenance and repairs at a cost of £25,451 which is lower than 2024 (£28,000). This includes guttering replacement £18,219 and continuing work on the windows as necessary of £2,327. General repairs and gardening totalled £4,905. Roof and damp issues are constantly monitored, and corrective work carried out as these issues occur.

During this financial year the Board has continued to instigate the decision made in 2023/24 to recommence the replacement of the windows. The terms of reference for Phase III have been drawn up and an initial investigation has established that there would be a further thirty-eight to be replaced at an estimated cost of £160,000. The project will be broken down into three phases, and an application has been made to the National Lottery Heritage Fund for financial support.

The Trust has continued with its initiative to make the building more energy efficient. This has seen the installation of loft insulation in a number of units and the replacement of old wall heaters with new eco-friendly alternatives. One significant development was the investigation to consider solar panels as an alternative power source. A specialist consultant was tasked with providing the Board with a feasibility study at a cost of £3,060. It was hoped that the study would identify economic benefits for the tenants and make the building environmentally friendly. The study found that the estimated cost for solar panels would be in the order of £60,000 but unfortunately with little benefit to either the landlord or the tenants in terms of their energy costs.

In this financial period the Board has successfully overseen the replacement of old and insecure plastic guttering with new guttering based on a Victorian design which is more sympathetic with the overall architecture of the building. The work for this latest replacement was completed by September 2024 at a cost of £18,219.

Policy on reserves

The Trust currently hold unrestricted free reserves of £20,000 (2024 £18,000). to cover

• the need to leave units untenanted to ensure building works may be carried out safely and efficiently;

There is also a designated fund over and above the reserves, to pay for building improvements. At 31 March 2024 designated reserves were £89,539 to be used to complete the Phase II window replacement project and the replacement of the guttering and to investigate and address the environmental issues and concerns for tenants.

At 31 March 2025 designated reserves of £104,396 are available for specific improvements and towards Phase III of the first floor front window replacement.

The remainder of the unrestricted designated funds are £550,000 (2023 £550,000) which is the value of the property.

Page 3

The Barracks Trust Limited

Trustees Report ( incorporating the Director's report)

Investment policy and objectives

The trustees are authorised by the Memorandum of Association to deposit or invest funds, employ a professional fund manager and arrange for the investments or other property of the Charity to be held in the name of a nominee.

Achievements and performance

The trustees continue to carry out the vast majority of the work associated with the Trust.

Business Planning

The trustees renewed their action plan in April 2015, and the following objectives were adopted: 1. To conserve and preserve the building for future generations, in keeping with plans to improve the town;

  1. To ensure that the units are of sufficient standard for letting;

  2. To attract the right mix of tenants in keeping with the ambience of the Barracks and its purpose;

  3. To maximise the surplus for charity distribution given the constraints on the mix of tenants desired;

  4. To promote the history of the building;

  5. To ensure that the organisation’s governance and administration are fit for purpose;

  6. To ensure that grant aid is available to individuals and small organisations for the benefit of the residents of Newcastle-Under-Lyme and surrounding area.

These have been used to drive all activity this year.

Grant Giving – The Trust’s grant giving activities have not been curtailed during this current period, but it is largely down to finding worthy causes to support that restricts the grant giving

The Building and Lettings

During this period the Trust has focused on developing a strategic maintenance and development plan to safeguard the longevity of the building. This covers general maintenance, window replacement, unit refurbishment and the courtyard development and repairs.

There are Environmental issues and concerns which the Trust had decided to initiate by having Energy Reviews to produce an Energy Performance Certificate for each unit. The provision of extra loft insulation and possibly replacing gas boilers with the more energy efficient Green electricity is being discussed. Most of this was initiated after March 2021.

The Trust is also considering ways in which they can help their tenants with the increase in gas and electricity costs as it would prefer to intervene in some positive way rather than letting the businesses fail.

Page 4

The Barracks Trust Limited

Trustees Report ( incorporating the Director's report)

General Maintenance

During this period the general maintenance programme has continued with the Trust focusing on any roof or damp issues. A recent roof survey shows the roof to be in sound condition and any rising damp issues are promptly resolved and are well managed by a building contractor with a proven quality service record. The cost of general maintenance was £4,175.

Unit Refurbishment

There were no significant refurbishment projects during this financial period.

Window Replacement

The Trust initiated Phase II of the project in the year 31 March 2022 which covered the replacement of the ground floor windows on the front elevation. A project budget of £60,000 had been established and a Project Manager and Health and Safety consultant appointed. The windows were installed by March 2022 at a cost of £45,470. Further costs were later incurred for the repairs to the masonry and other external repairs following the installation.

Previously discussed, to replace the final first floor front windows, Phase III will hopefully recommence in 2026 with the Trust investing resources to support the submitted funding bid to the National Lottery Heritage Fund. Work costing £25,900 has been completed since April 2025 for Phase III.

Property Management and Tenancies

Despite tenants leaving during this period there has not been a problem in finding suitable replacements. The town centre location, having a car parking space and the character of the building ensure that there are people keen to take up each vacant unit. The only time that units remain empty is when they are awaiting refurbishment and whilst the work is being carried out.

The Trust has provided an award to support the Open Art Exhibition for the Borough of Newcastle each year since 2014 and is committed to continue this practice in the future. The Trust also provided an award to the Newcastle Music Festival in 2017, 2019, 2022, 2024 and 2025 of £250. The Trust is committed in supporting the Arts, in its widest context, within the Borough. This has enabled the trustees to become more involved with local networks and to recognise local excellence e.g. supporting the Lantern Parade.

Page 5

The Barracks Trust Limited

Trustees Report ( incorporating the Director's report)

Structure, governance and management

Nature of governing document

The organisation is a charitable company limited by guarantee, incorporated on 8 November 2010 and registered as a charity on 19 July 2011.The company was established under a Memorandum of Association. It is not a membership charity.

This charitable company received the assets of the pre-existing unincorporated association, the Barracks Trust (registered charity number 217919) on 1 April 2012. Incorporation was sought to protect the trustees of the charity and also to facilitate the development of the organisation by, for example, taking ownership of other properties.

The Barracks is a grade 2 listed building in the centre of Newcastle-under-Lyme. The building has 19 separate units which are rented out to local organisations. The income is used to maintain and improve the building and the surplus is distributed to local community and voluntary groups and individuals in need through a grant-giving process.

The Trust pays for the services of a managing agent, Lowe and Elliott, to oversee the management of the property. The Trust also pays for administration support. The financial recording is carried out by a volunteer accountant who works closely with the Trust’s treasurer.

Recruitment and appointment of trustees

The serving trustees elect the trustees.

The Trust are actively looking to recruit new trustees. During a previous period, the Trust participated in an event which was organised by VAST for attracting new trustees into the voluntary sector. Further events involvement needs to be undertaken.

Small companies provision statement

This report has been prepared in accordance with the small companies regime under the Companies Act 2006.

The annual report was approved by the trustees of the charity on .................... Dec 16, 2025 and signed on its behalf by:

Anthony E Green ......................................... Anthony E Green (Dec 16, 2025 21:22:31 GMT) Anthony Green Chairman and trustee

.........................................

Page 6

The Barracks Trust Limited

Independent Examiner's Report to the trustees of The Barracks Trust Limited ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025.

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 Barracks Trust Limited 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.

...................................... Daryl Denson ACMA ACMA

VAST The Dudson Centre Hope Street Stoke-on-Trent ST1 5DD

Dec 18, 2025 Date:.............................

Page 7

The Barracks Trust Limited

Statement of Financial Activities for the Year Ended 31 March 2025 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

Note
Income and Endowments from:
Other trading activities
3
Total income
Expenditure on:
Raising funds
4
Charitable activities
5
Total expenditure
Net income
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
14
Note
Income and Endowments from:
Other trading activities
3
Total income
Expenditure on:
Raising funds
4
Charitable activities
5
Total expenditure
Net income
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
14		 Unrestricted
funds
£
72,072
72,072
(49,043)
(6,171)
(55,214)
16,858
16,858
657,538
674,396
Unrestricted
funds
£
74,248
74,248
(53,092)
(8,178)
(61,270)
12,978
12,978
644,560
657,538		 Total
2025
£
72,072
72,072
(49,043)
(6,171)
(55,214)
16,858
16,858
657,538
674,396
Total
2024
£
74,248
74,248
(53,092)
(8,178)
(61,270)
12,978
12,978
644,560
657,538

All of the charity's activities derive from continuing operations during the above two periods.

The notes on pages 10 to 20 form an integral part of these financial statements. Page 8

The Barracks Trust Limited

(Registration number: 7432518) Balance Sheet as at 31 March 2025

Note
Fixed assets
Tangible assets
10
Current assets
Debtors
11
Cash at bank and in hand
12
Creditors: Amounts falling due within one year
13
Net current assets
Net assets
Funds of the charity:
Unrestricted income funds
Unrestricted funds
Total funds
14		 2025
£
550,000
999
124,217
125,216
(820)
124,396
674,396
674,396
674,396		 2024
£
550,000
6,053
102,122
108,175
(637)
107,538
657,538
657,538
657,538

For the financial year ending 31 March 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements on pages 8 to 20 were approved by the trustees, and authorised for issue on .................... Dec 18, 2025 and signed on their behalf by:

Anne Smith ~~...........................~~ Anne Smith (Dec 18, 2025 11:12:51 GMT) .............. Anne Smith Trustee

The notes on pages 10 to 20 form an integral part of these financial statements. Page 9

The Barracks Trust Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

1 Charity status

The charity is limited by guarantee, incorporated in England, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £10 towards the assets of the charity in the event of liquidation.

2 Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared in accordance with 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) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). They also comply with the Companies Act 2006 and Charities Act 2011.

Basis of preparation

The Barracks Trust Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.

Income and endowments

Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the Charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.

Grants receivable

Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognsied as a liability and included on the balance sheet as deferred income to be released.

Page 10

The Barracks Trust Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.

Raising funds

These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Grant provisions

Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable.

Governance costs

These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees meetings and reimbursed expenses.

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Tangible fixed assets

Major expenditure during the year is due to refurbishment of vacant units and necessary repairs to occupied units, windows, fire alarm and courtyard. This is on-going and necessary to maintain a sufficient standard for letting and to conserve and preserve the building for future generations and is therefore written off in full in the year it is incurred.

Page 11

The Barracks Trust Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

Depreciation and amortisation

Asset class

Land and Buildings

Depreciation method and rate no depreciation is provided

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Fund structure

Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.

Designated funds are unrestricted funds set aside for specific purposes at the discretion of the trustees.

Page 12

The Barracks Trust Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

3 Income from other trading activities

Trading income;
Other trading income
Trading income;
Other trading income		 Unrestricted
funds
General
£
72,072
72,072
Unrestricted
funds
General
£
74,248
74,248		 Total
2025
£
72,072
72,072
Total
2024
£
74,248
74,248

4 Expenditure on raising funds

a) Costs of trading activities

Property rental income costs
Marketing and publicity
Note
Property rental income costs
Marketing and publicity		 Unrestricted
funds
Note
General
£
39,038
500
39,538
Unrestricted funds
Designated
£
General
£
18,641
20,821
-
4,020
18,641
24,841		 Total
2025
£
39,038
500
39,538
Total
2024
£
39,462
4,020
43,482

Page 13

The Barracks Trust Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

b) Investment management costs

Note
Other investment management costs;
Amounts payable to property managers
Note
Other investment management costs;
Amounts payable to property managers
5
Expenditure on charitable activities
Charitable Disbursements (Grants)
Prizes
Governance Costs
Donations
Charitable Disbursements (Grants)
Prizes
Governance Costs
Donations		 Unrestricted
funds
General
£
9,505
9,505
Unrestricted
funds
General
£
9,610
9,610
Unrestricted
funds
General
£
3,732
600
1,490
349
6,171
Unrestricted
funds
General
£
4,950
250
1,372
1,606
8,178		 Total
2025
£
9,505
9,505
Total
2024
£
9,610
9,610
Total
2025
£
3,732
600
1,490
349
6,171
Total
2024
£
4,950
250
1,372
1,606
8,178

Page 14

The Barracks Trust Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

6 Analysis of governance and support costs

Governance costs

Independent examiner fees
Examination of the financial statements
Other governance costs
Independent examiner fees
Examination of the financial statements
Other governance costs		 Unrestricted
funds
General
£
550
940
1,490
Unrestricted
funds
General
£
539
833
1,372		 Total
2025
£
550
940
1,490
Total
2024
£
539
833
1,372

Page 15

The Barracks Trust Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

7 Grant-making

Analysis of grants

Analysis
St Andrews Well Being Cafe
Lifeworks Staffordshire
Food Bank Grant
Newcastle District Scout Council
St Chads C of E School
Emmaus Staffs t/a Emmaus Potteries
S Azeem
A Kaleem		 Grants to institutions
2025
£
2024
£
-
1,000
-
1,000
500
1,950
-
1,000
1,500
-
1,000
-
-
-
-
-
3,000
4,950		 Grants to
individuals
2025
£
-
-
-
-
-
-
282
450
732

8 Trustees remuneration and expenses

During the year the charity made the following transactions with trustees:

Anthony Green

£879 (2024: £209) of expenses were reimbursed to Anthony Green during the year.

Peter Davis

£396 (2024: £131) of expenses were reimbursed to Peter Davis during the year.

Rene Carlisle

£9 (2024: £Nil) of expenses were reimbursed to Rene Carlisle during the year.

No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.

9 Taxation

The charity is a registered charity and is therefore exempt from taxation.

Page 16

The Barracks Trust Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

10 Tangible fixed assets

10 Tangible fixed assets
Cost/ valuation
At 1 April 2024
At 31 March 2025
Depreciation
At 31 March 2025
Net book value
At 31 March 2025
At 31 March 2024		 Land and
buildings
£
550,000
550,000
-
550,000
550,000		 Total
£
550,000
550,000
-
550,000
550,000

Revaluation

The fair value of the company's Land and buildings was revalued on 2 February 2011 by Butters John Bee, an independent valuer.

Had this class of asset been measured on a historical cost basis, their carrying amount would have been £Nil (2024 - £Nil).

11 Debtors

Accrued income
Other debtors
12 Cash and cash equivalents
Cash at bank		 2025
£
999
-
999
2025
£
124,217		 2024
£
498
5,555
6,053
2024
£
102,122

Page 17

The Barracks Trust Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

13 Creditors: amounts falling due within one year

Accruals
Deferred income
14 Funds
Unrestricted funds
General
General
Designated
Refurbishment costs
Other
Total funds		 Balance at
1 April
2024
£
18,000
89,538
550,000
639,538
657,538		 Incoming
resources
£
72,072
-
-
-
72,072		 Resources
expended
£
(55,214)
-
-
-
(55,214)		 2025
£
550
270
820
Transfers
£
(14,858)
14,858
-
14,858
-		 2024
£
550
87
637
Balance at
31 March
2025
£
20,000
104,396
550,000
654,396
674,396

Page 18

The Barracks Trust Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

Unrestricted funds
General
General
Designated
Refurbishment costs
Other
Total funds		 Balance at
1 April
2023
£
18,000
76,560
550,000
626,560
644,560		 Incoming
resources
£
74,248
-
-
-
74,248		 Resources
expended
£
(61,270)
-
-
-
(61,270)		 Transfers
£
(12,978)
12,978
-
12,978
-		 Balance at
31 March
2024
£
18,000
89,538
550,000
639,538
657,538

The specific purposes for which the funds are to be applied are as follows:

The restricted National Lottery Heritage Fund is to be used for 'Back to the Barracks' to fund the replacement of windows in the Barracks and provide a series of heritage activities.

Funding from Newcastle-Under-Lyme Borough Council was to pay for window replacement and essential repairs.

Within unrestricted funds is the value of the property of The Barracks Trust charity £550,000 on 1 April 2012, the date of transfer into the company.

Page 19

The Barracks Trust Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

15 Analysis of net assets between funds

15 Analysis of net assets between funds
Tangible fixed assets
Current assets
Current liabilities
Total net assets
Tangible fixed assets
Current assets
Current liabilities
Total net assets		 Unrestricted funds
General
£
Designated
£
-
550,000
20,820
104,396
(820)
-
20,000
654,396
Unrestricted funds
General
£
Designated
£
-
550,000
18,637
89,539
(637)
-
18,000
639,539		 Total funds
at 31 March
2025
£
550,000
125,216
(820)
674,396
Total funds
at 31 March
2024
£
550,000
108,176
(637)
657,539

16 Related party transactions

There were no related party transactions in the year.

Page 20