Charity registration number 1157878 (England and Wales)
THE MICHAEL BARNARD CHARITABLE TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
THE MICHAEL BARNARD CHARITABLE TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees Mr M Barnard Mr J Summerton Mr J Caulcutt Charity number (England and Wales) 1157878 Independent examiner P McKelvey & Co Limited 19 Lime Avenue Upminster Essex RM14 2HY Solicitors Birkett Long Essex House 42 Crouch Street Colchester Essex CO3 3HH
THE MICHAEL BARNARD CHARITABLE TRUST
CONTENTS
| Page | |
|---|---|
| Trustees report | 1 - 2 |
| Statement of Trustees responsibilities | 3 |
| Independent examiner's report | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Statement of cash flows | 7 |
| Notes to the financial statements | 8 - 15 |
THE MICHAEL BARNARD CHARITABLE TRUST
TRUSTEES REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The Trustees present their annual report and financial statements for the year ended 31 March 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charity's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)".
Objectives and activities
Objectives and aims
The objects of the trust are: the relief of poverty for persons in the united kingdom and elsewhere who are in conditions of need, hardship or distress by reason of their social and/or economic circumstances, by reason of their suffering from natural disasters, or by reason of their being victims of crime or violence.
Public benefit
The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Charity should undertake.
Grant making policy
Grantmaking
Grants are made to individuals, organisations and charities and are line with the charities main objectives. Most payments in respect of grants are made direct to the suppliers of charitable goods and services.
Achievements and performance
Significant activities and achievements against objectives
Charitable activities
In the year to the 31[st] March 2025, we continued to have a shortage of funds. However, I donated £50,000 from my pension and that, together with a donation from a friend for £30,000 and two smaller donations, £962, from associates of our mental health counsellor, Michael Woodgate, helped to extend the life of the charity. We received £6,812 from some counselling services we carried out for a school. Rental, dividends and interest received amounted to £20,308 while some fund raising events raised £2,579. In total, our revenue for the year was £110,661.
During the year we spent £150,785 on charitable causes of which £23,200 was to registered charities.
Our expenditure continued to be primarily directed towards treating mental health issues in schools. In total, we spent £100,024 on mental health counselling.
We also spent £13,125 to pay for operations relating to severe medical conditions.
We shall continue to support schools with mental health support.
I would like to conclude by thanking my trustees, John Summerton and John Caulcutt for their help throughout the year.
Financial review
Investment policy and objectives
The governing document provides that the trustees may deposit or invest funds, employ a professional fundmanager, and arrange for the investments or other property of the trust to be held in the name of a nominee, in the same manner and subject to the same conditions as the trustees of a trust are permitted to do by the Trustee Act 2000.
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THE MICHAEL BARNARD CHARITABLE TRUST
TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
Reserves policy
It is the policy of the charitable trust to hold reserves in its' General Fund that have not yet been committed or designated for any particular purpose. The Trustees have set aside these reserves in order to protect the future operations of the charitable company from the effects of any unforeseen variations in its income streams as part of a policy of good financial management practice.
Investment policy
Investment performance
At 31st March 2025, the market value of shares invested in was £205,075
In the year to 31st March 2025, the charity received £9,932 in dividend and interest of £784 representing a return of 4.02% on the 31st March 2024 cash and investment capital.
Structure, governance and management
The Charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
The Trustees who served during the year and up to the date of signature of the financial statements were: Mr M Barnard
Mr J Summerton
Mr J Caulcutt
Recruitment and appointment of trustees
In accordance with the governing document every trustee must be appointed for a term of three years by a resolution passed at a properly convened meeting of the charity trustees. In selecting individuals for appointment as charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the trust.
The trustees have had due regard for guidance published by the charities commission on public benefit.
Organisational structure
[Details of organisational structure.]
The Trustees report was approved by the Board of Trustees.
Mr M Barnard
Trustee
27 January 2026
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THE MICHAEL BARNARD CHARITABLE TRUST
STATEMENT OF TRUSTEES RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2025
The Trustees are responsible for preparing the Trustees Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources of the Charity for that year.
In preparing these financial statements, the Trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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THE MICHAEL BARNARD CHARITABLE TRUST
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE MICHAEL BARNARD CHARITABLE TRUST
I report to the Trustees on my examination of the financial statements of The Michael Barnard Charitable Trust (the Charity) for the year ended 31 March 2025.
Responsibilities and basis of report
As the Trustees of the Charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011.
I report in respect of my examination of the Charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.
Independent examiner's statement
Your attention is drawn to the fact that the charity has prepared the financial statements in accordance with the relevant version of the Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. I understand that this has been done in order for the financial statements to provide a true and fair view in accordance with UK Generally Accepted Accounting Practice.
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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 that in any material respect: 1 accounting records were not kept in respect of the Charity as required by section 130 of the Charities Act 2011.
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2 the financial statements do not accord with those records; or
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3 the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination.
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 financial statements to be reached.
P McKelvey & Co Limited
19 Lime Avenue Upminster Essex RM14 2HY 27 January 2026
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THE MICHAEL BARNARD CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2025 | 2024 | ||
| Notes | £ | £ | |
| Income from: | |||
| Donations and legacies | 3 | 87,774 | 21,000 |
| Charitable activities | 4 | 9,590 | 9,215 |
| Other trading activities | 5 | 2,579 | - |
| Investments | 6 | 10,718 | 26,701 |
| Total income | 110,661 | 56,916 | |
| Expenditure on: | |||
| Charitable activities | 7 | 150,787 | 132,002 |
| Total expenditure | 150,787 | 132,002 | |
| Net gains/(losses) on investments | 13 | 22,771 | 37,564 |
| Net expenditure and movement in funds | (17,355) | (37,522) | |
| Reconciliation of funds: | |||
| Fund balances at 1 April 2024 | 1,029,456 | 1,066,978 | |
| Fund balances at 31 March 2025 | 1,012,101 | 1,029,456 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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THE MICHAEL BARNARD CHARITABLE TRUST
BALANCE SHEET
AS AT 31 MARCH 2025
| Notes Fixed assets Tangible assets 15 Investments 16 Current assets Debtors 17 Cash at bank and in hand Creditors: amounts falling due within one year 18 Net current assets Total assets less current liabilities The funds of the Charity Unrestricted funds 19 |
2025 £ £ 755,769 205,075 960,844 9,500 42,855 52,355 (1,098) 51,257 1,012,101 1,012,101 1,012,101 |
2024 £ £ 755,769 190,847 946,616 9,500 75,549 85,049 (2,209) 82,840 1,029,456 1,029,456 1,029,456 |
2024 £ £ 755,769 190,847 946,616 9,500 75,549 85,049 (2,209) 82,840 1,029,456 1,029,456 1,029,456 |
|---|---|---|---|
| 946,616 82,840 |
|||
| 1,029,456 | |||
| 1,029,456 | |||
| 1,029,456 |
The financial statements were approved by the Trustees on 27 January 2026
Mr M Barnard Trustee
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THE MICHAEL BARNARD CHARITABLE TRUST
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2025
| Notes Cash flows from operating activities Cash absorbed by operations 21 Investing activities Proceeds from disposal of investments Investment income received Net cash generated from investing activities Net cash generated from financing activities Net decrease in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year |
2025 £ 8,543 10,718 |
£ (51,955) 19,261 - (32,694) 75,549 42,855 |
2024 £ 13,020 26,701 |
£ (84,076) 39,721 - (44,355) 119,904 75,549 |
|---|---|---|---|---|
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THE MICHAEL BARNARD CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1 Accounting policies
Charity information
The Michael Barnard Charitable Trust is a an unincorporated charity.
1.1 Accounting convention
The financial statements have been prepared in accordance with the Charity's governing document, the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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 Charity is a Public Benefit Entity as defined by FRS 102.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the Charity.
1.4 Income
Income is recognised when the Charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the Charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
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THE MICHAEL BARNARD CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
1 Accounting policies
(Continued)
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
1.6 Tangible fixed assets
Freehold land and buildings
Not Depreciated
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Fixed asset investments
Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.
1.8 Impairment of fixed assets
At each reporting end date, the Charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
1.9 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.10 Financial instruments
The Charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the Charity's balance sheet when the Charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
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THE MICHAEL BARNARD CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
1 Accounting policies
(Continued)
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the Charity’s contractual obligations expire or are discharged or cancelled.
1.11 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the Charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
2 Critical accounting estimates and judgements
In the application of the Charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3 Income from donations and legacies
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2025 | 2024 | |
| £ | £ | |
| Donations and gifts | 80,962 | 21,000 |
| Grants | 6,812 | - |
| 87,774 | 21,000 |
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THE MICHAEL BARNARD CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
4 Income from charitable activities
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Property rental | |||
| Charitable rental income | 9,590 | 9,215 | |
| 5 | Income from other trading activities | ||
| Unrestricted | Unrestricted | ||
| funds | funds | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Fundraising events | 2,579 | - | |
| 6 | Income from investments | ||
| Unrestricted | Unrestricted | ||
| funds | funds | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Income from listed investments | 9,932 | 24,765 | |
| Interest receivable | 786 | 1,936 | |
| 10,718 | 26,701 |
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THE MICHAEL BARNARD CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
7 Expenditure on charitable activities
| Governance costs 2025 £ Direct costs Loss due to theft - Grant funding of activities (see note 8) - Share of support and governance costs (see note 9) Governance 5,720 5,720 Analysis by fund Unrestricted funds 5,720 |
Grants made 2025 £ - 145,067 - 145,067 145,067 |
Total 2025 £ - 145,067 5,720 150,787 150,787 |
Losses Governance costs 2024 2024 £ £ 17,697 - - - - 6,302 17,697 6,302 17,697 6,302 |
Grants made 2024 £ - 108,003 - 108,003 108,003 |
Total 2024 £ 17,697 108,003 6,302 |
|---|---|---|---|---|---|
| 132,002 | |||||
| 132,002 |
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THE MICHAEL BARNARD CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
| 8 Grants payable Grants to institutions: Other Grants to individuals - 9 Support costs allocated to activities Ground rent and service charges Property repairs Governance costs Analysed between: Governance costs 10 Net movement in funds The net movement in funds is stated after charging/(crediting): Fees payable for the independent examination of the charity's financial statements |
Grants made 2025 £ 133,402 11,665 2025 £ 250 2,825 2,645 5,720 5,720 2025 £ - |
Grants made 2024 £ 86,931 21,072 |
|---|---|---|
| 2024 £ 572 4,249 1,481 |
||
| 6,302 | ||
| 6,302 | ||
| 2024 £ - |
11 Trustees
None of the Trustees (or any persons connected with them) received any remuneration or benefits from the Charity during the year.
12 Employees
The average monthly number of employees during the year was:
| 2025 | 2024 | |
|---|---|---|
| Number | Number | |
| Total | - | - |
There were no employees whose annual remuneration was more than £60,000.
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THE MICHAEL BARNARD CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
13 Gains and losses on investments
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2025 | 2024 | |
| Gains/(losses) arising on: | £ | £ |
| Revaluation of investments | 37,520 | 44,372 |
| Sale of investments | (14,749) | (6,808) |
| 22,771 | 37,564 |
14 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
15 Tangible fixed assets
| Freehold land | |
|---|---|
| and buildings | |
| £ | |
| Cost | |
| At 1 April 2024 | 755,769 |
| At 31 March 2025 | 755,769 |
| Carrying amount | |
| At 31 March 2025 | 755,769 |
| At 31 March 2024 | 755,769 |
16 Fixed asset investments
| Listed | |||
|---|---|---|---|
| investments | |||
| £ | |||
| Cost or valuation | |||
| At 1 April 2024 & 31 March 2025 | 190,847 | ||
| Carrying amount | |||
| At 31 March 2025 | 190,847 | ||
| At 31 March 2024 | 190,847 | ||
| 17 | Debtors | ||
| 2025 | 2024 | ||
| Amounts falling due within one year: | £ | £ | |
| Other debtors | 9,500 | 9,500 |
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THE MICHAEL BARNARD CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
18 Creditors: amounts falling due within one year
| Creditors: amounts falling due within one year | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Accruals and deferred income | 1,098 | 2,209 |
19 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
| General funds Previous Year: General funds |
At 1 April 2024 Incoming resources Resources expended Gains and losses At 31 March 2025 £ £ £ £ £ 1,029,456 110,661 (150,787) 22,771 1,012,101 At 1 April 2023 Incoming resources Resources expended Gains and losses At 31 March 2024 £ £ £ £ £ 1,066,978 56,916 (132,002) 37,564 1,029,456 |
|---|---|
20 Related party transactions
There were no disclosable related party transactions during the year (2024 - none).
21 Cash absorbed by operations
| Cash absorbed by operations Deficit for the year Adjustments for: Investment income recognised in statement of financial activities Loss on disposal of investments Fair value gains and losses on investments Movements in working capital: (Increase)/decrease in debtors (Decrease)/increase in creditors Cash absorbed by operations |
2025 £ (17,355) (10,718) 14,749 (37,520) - (1,111) (51,955) |
2024 £ (37,522) (26,701) 6,808 (44,372) 17,698 13 |
| (84,076) |
22 Analysis of changes in net funds
The Charity had no material debt during the year.
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