Reglstered number: 09197084 Charity number: 1160839 BARNABAS COMMUNITY PROJECTS LTD (A company limited by guarantee) UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 *AE12250A' 2411212025 COMPANIES HOUSE #136 BARNABAS COMMUNITY PROJECTS LTD (A company limited by guarantee) CONTENTS Page Referencè and admlnlslratlve delalls of the Company. Its Trustees and advlsern Trustees, report Ind•p•nd•nt examinerfs report Statement of flnanclal actlvltles Balance sh•at 9-10 Notes to the flnanclal statementg BARNABAS COMMUNITY PROJECTS LTD (A company limited by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025 Trustees R Buckle, Trustee (resigned 30 January 2025) A J Rayment, Trustee D E Matthias, Trustee S J Heys, Trustee C A Jones, Trust88 P Extsnce. Trustee H J Jones. Trustee (appointed 10 September 2024) Company regl$ter•d number 09197084 Charfty reglstered number 1160839 Reglstered offlce Barnabas Church Centre Lon9den Coleham Shrewsbury Shropshire SY3 7DN Accountants WR Partners Chart8red Accountants Belmont House Shrewsbury Business Park Shrewsbury Shropshiro SY2 6LG Bankers Barclays Bank PIC 4446 Castle street Shrewsbury Shropshire SY16LG Page 1 BARNABAS COMMUNITY PROJECTS LTD (A company Ilmlted by guarantee TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 202S The Trustees pr8sent their annual r8POrt together with the financial statements of Barnabas Community Projects for the year 1 Aprll 2024 to 31 March 2025. The Annual report serves the purposes of bolh a Trustees, r8POrt and a directors. report und8r company law. The Trustees confirm that the Annual report and financial statements of the charitable company compty with the current statutory requirements, the requirements of the charitable companls goveming document and the provisions of the Statement of Recommended Practice {SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS102) (effective 1 January 2019}. Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors. Report) Regulations 2013 has been omitted. Objectives and actlvltles a. Pollcl•s and oblectlves The charlty was founded by 8amabas Communlty Church In 2014. Our alm is to serve the vulnerable and n6&dy at their polnt of need. We endeavour lo provide a holistic seprfice and, as seen in the feedback we get. the smallest act of kindness can make a big difference to a family or an individual. During the year we were privileged to be able to celebrate 10 years of operations with our dedicated volunteers and stakeholders. Over the years our charitable work has expanded slgnificantly, and we have invested in our staff resources and IT systems to ensure that our services are managed and run efficiently and afe client focussed. In p8rtl¢ular we now have a large shed lo improve our procedures for the recelpt and handllng of Food Bank items. We are very grateful for th8 generosity and good will of individuals and organisations whose financial donations and fund-raising activities underpin everything we do. Our Food Bank supports on average 200 people a week and the food donations we received need to be supplemented by the purchase of fresh food and groceries. In January 2025 we were sad to loose Richard Buckle who was a founder director of Bamabas Communlty Projects. He is now able lo foGUS on other projects and his full-time work. We appreciate his commitment, expertise and hard work over the past 11 years. In settlng objectives and planning for activitiès. the Trustees have given due conslderalion to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity IPB2)'. Page 2 BARNABAS COMMUNITY PROJECTS LTD (A company limited by guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Achlevernents and perfornianc• . Maln achievements of the Company The maln activltles of the charlty are the running of the Food Bank, the rellef of povety and financlal hardshlp, the relief of physical and mental health and the promotion of social inclusion. When planning the activities for the period the directors have considered the Charity Commission's guidance on public benefil. The charity operates in and around Shrewsbury and has a number of activities which seek to reach out to the local community as well as serving members of the church. The Directors and Trustees have paid due regard to guidance issued by the Charlty Commission in deciding what activities the charity should undertake. Flnanclal revlew . Golng conc•rn After making appropriate enquiries. the Trustees have a reasonable expectation that the Company ha5 adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue lo adopt the going concern basis in preparing the flnancial statements. Further detalls regarding the adoptlon of the golng concern basis can be found in the accounting policies. b. Reserves poll¢y During the period the charity received income totalling £185,676 (2024: £196,888> and incurred general expenditure of £222.039 (2024: £206,374). It is the policy of the charity that unrestrlcted funds which have not been designaled for a specrflc use should be maintaingd at a level equivalent to six month's expenditure, deemed lo be £80.000. The Directors and Trustees consider that reserves at this level will ensure that, in the event of a significant drop In funding. they will be able to continue the Gharitys current activities while consideration is given to ways in which additional funds may be raised, This level of reserves has been maintained throughoul the year. As at 31 March 2025 the total reserves Y￿re £217,479 {2024: £252,337) with £19,387 (2024.. £625) in a restricted fund and £198,092 (2024- £251,712) unrestricted. Free reserves were £185.842 (2024.. £240,672) Structur•p governance and manag•m•nt a. Conslltutlon Th8 charlty is controlled by ils governing document, a deed of trust, and constitutes a limited company, limited by guarantee. as defined by the Companies Act 2006. The charity became a company limited by guarantee on 31 st August 2014. It does not have share capital. The charitable company was registered with the Charity Commission on 11th March 2015. Page 3 BARNABAS COMMUNITY PROJECTS LTD (A company limited by guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Structure, governance and management (contlnuod) b. Methods of appolntment or electlon of Trustees The management of the Company is the responsibilty of the Trustees who are elected and c04)pted under the terms of the Trust deed. c. Organisational structure and declslon•making poll¢l•s According lo the Articles of Association, there is no maximum number of directors. The minimum number is three. eight or nine seems to be about the best, and allows for specialisation within the directorate (finance, child protection, health and safety, stsff etc). All directors must be members of Barnabas Communlty Church. Director5 may b8 remunerated. according to article 7.2 (a> which states that 'a director or connected person may recelve a benefit from the charlty in the capaclty of a beneficlary of the charlty provlded that a majorlty of the directors do not benefit in this way,. Directors seNe for three years after which they can be re-elected. In looking for new directors, we follow a 'job description" wlth a particular view to filling any of the roles within the directorship that may be lacking. Directors make a joint decision about approaching one of the Barnabas members, and then delegate the responsibility of discussing with this person further. The cornpanls current pollcy concerning the payment of trade creditors is to follow the CBI'S Prompt Payers Code (copies are available from the CBI. Centr8 Point, 103 New Oxford Street, London, WC1A 10U). Th8 companys current policy concerning the payment of trade creditors is to: Settle the terms of payment with suppliers when agreeing the terms of each transaction Ensure that suppliers are made aware of the terms of payment by inclusion of the relevant terms in contracts Pay in accordance wilh the companys contractual and other legal obligatlons Page 4 BARNABAS COMMUNITY PROJECTS LTD (A company limited by guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Statement of Trustees. responsibilities The Trustees (who are also the directors of the Company for the purposes of company law) 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). Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees musl not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs ol the Company and of its incoming resources and application of resources, Including its income and expenditure, for that period. In preparing these financial slatements, the Trustees are required lo.. select sultable accounting policies and then apply them consistently; observe the methods and principles of the Charities SORP IFRS 102).. make judgments and accounting estimates that are reasonable and prudent; State whether applicable UK Accounting Standards {FRS 102) have been followed, subject to any malerial departures dlsclosed and explained in the financial slatemenls: prepare the financial slatements on the going concern basis unless it is inappropriate lo presume that the Company will continue in business. Thq Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain th¢ Company's transactions and disclose with rèasonable accuracy at any time the financial posltion of the Company and enable them to ensure Ihat the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the members of the board of Trustees and slgned on their behalf by.. A J Rayment Date.. TrJ Page 5 BARNABAS COMMUNITY PROJECTS LTD (A company limited by guarantee INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2025 Independent Examlnerf3 Report to the Trustees of Barnabas Community Projects Ltd ('the Company,) I report to the charity Trustees on my examination of the accounts of the Company for the year ended 31 March 2025. Responsibilitles and Basls of Report As the Trust88s of the Company (and its directors for thè purpos8s of company law) you are responsible for tha 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 ￿qUIred lo be audlled under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my exarnination of the Companls accounts 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. Page 6 BARNABAS COMMUNITY PROJECTS LTD (A company Ilmlted by guarantee) INDEPENDENT EXAMINER'S REPORT (CONTINUEO) FOR THE YEAR ENDED 31 MARCH 2025 Independent Exarninerfs Statement I have completed my examination. I confimi thal no matters have come to my attention in connection with the examination giving me cause lo believe: accounting records were not kept in respect of the Company as required by section 386 of the 2006 Ad; the accounts do not accord with those records., or the accounts do not comply with the accounting requlrements of section 396 01 the 2008 Act other than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examination: or the accounts have not been prepared in accordance with the rnethods and principles of the Statement of Recommended PraGtice for accounting and reporting by charities lapplicable 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. This report Is made solely to the CompanV5 Trustees, as a body, In accordance wilh Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might stat8 to the Companvs Trustees those matters l am required to stste to them in an Independent examinerfs report and for no other purpose. To the fullesl extent parmitted by law, I do not accept or assume responsibility to anyone other than the Company and the Companls Trustees as a body, for my work or for this report. Signed.. Dated: IEJL H Pierce FCA WR Partners 8elmonl House Shrewsbury SY2 6LG Page 7 BARNABAS COMMUNITY PROJECTS LTD (A company limited by guarantee) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted funds 2025 Restricted funds 2025 Total funds 2025 Total funds 2024 Noto Income from: Donations and legacies Charitable activities Investments 709 171,826 2.726 10,415 11,124 171.826 2,726 859 193,894 2,135 Total Incomo 175,261 10,415 185.676 196.888 Expendlturn on: Raising funds Charitable activities 2.041 122,348 2,041 219,998 97,650 206,374 Total •xp•ndlturo 124,389 97,650 222,039 206,374 Net Incomel(expendllure) Translers befvieen funds 50,872 {105,997) (87,235) 105,997 136.363 (9.486) Net movement in funds (55,125) 18,762 136,363) (9,486) Reconclllatlon of funds: Total funds brought forward Net movement in funds 251,712 (55,125) 625 18,762 252.337 (36.363) 261.823 19,486) Total funds ¢arrl•d forward 196,587 19,387 215,974 252,337 The Statement of Flnanclal Activities includes all gains and losses recognlsed in the year. The noteg on pages 11 to 23 form part of these financial 8tAtements. Page 8 BARNABAS COMMUNITY PROJECTS LTD (A company Ilmlted by guarantee) REGISTERED NUMBER: 09197084 BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Nole Fixed a88ets Tangible assets 9,240 11,040 9.240 11,040 Curront as69t$ Stocks Debtors Cash at bank and in hand 12 13 2,041 9.470 232,266 8,399 202,874 211,273 243. 777 Current Ilabllltles Creditors.. amounls falllng due within one year 14 (4,539) (2,480) Net current assels 206,734 241,297 Total assets less curront Ilabllltl•s 215,974 252,337 Total not assets 215,974 252,337 Page 9 BARNABAS COMMUNITY PROJECTS LTD (A company limited by guaranteé) REGISTERED NUMBER: 09197084 BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2025 2025 2024 Note Charlty fund$ Restricted funds Unrestricted funds 15 15 19,387 196,587 625 251, 712 Total funds 215,974 252,337 The Company was entitled to exernption from audit under section 477 of the Companies Act 2006. The members have not required the company lo obtain an audit for the year in queslion In accordance with section 476 of Companies Act 2006. The Trustees acknowledge their responsibilities for complying with the requirements of the Acl with respecl to accounting records and preparation of financial statements. The financial slatements have been prepared in accordance wilh the provisions applicable to entities subject to the Small companies regime. The financial statements were approved and authorised for Issue by the Truslees and signed on their behalf by: A J Raym•nt Dale.. f514 The notes on pages 11 to 23 form part of these financial slatemenls. Page 10 BARNABAS COMMUNITY PROJECTS LTD (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Gen•ral Information The charity is controlled by its goveming document. a deed of trust. and constitutes a limited company, limited by guaranlee. as defined by the Companies Act 2006 Accounting policies 2.1 Basis of preparation of financlal ststements The financial slatemenls have been prepared In accordance with the Charities, SORP (FRS 102) Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102> (effective 1 January 2019}, the Financial Reporting Standard applicable In the UK and Republlc of Ireland (FRS 102) and Ihe Companles Act 2006, Bamabas Community Projects Ltd The charity meets Ihe 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. 2.2 Incom• All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amounl of income receivable can be measured reliably. The recognition of income from legacies is dependent on establishing enlillement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of 8nlitlement to a legacy exists when the Company has sufficient evidenc8 that a gift has been left lo them (through knowledge of the exlstence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims In the estate. Receipt of a legacy must be recognised when it is probable that it will be received and Ihe fair value of the amount receivable. which will generally be the expected cash amount to be distributed to the Company, can be reliably measured. Income tax recoverable in ￿latiOn to investment income is recognised at the time the investment income is receivable, 2.3 Expendlture Expenditure is recognised once there is a legal or constructive obligalion to transfer economic benefit to a third paty, il 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 acts'vity. 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 dlreclly 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 allocated on the portion of the asset's use. Expenditure on charitable activities is incurred on directly undertaking the activities which further the Companls obj'ectives, as well as any associated support costs. All expenditure is inclusive of irrecoverable VAT. Page11 BARNABAS COMMUNITY PROJECTS LTD (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accountlng policies (contlnued) 2.4 Taxation The Company 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 charitsble company for UK corporation tax purposes. Accordingly, th8 Company is potentially exempt from taxation in respecl of income or capllal 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. 2.5 Tanglble flxed assets and depreclallon Tangible fixed assets costing £NIL or more are capilalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. Tangible fixed assets are initially recognised at cost. After recognition. under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible flxed asset into its intended working condillon should be Included in the measurement of cost. Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their esllmated useful lives, on a reduclng balance basis. Oepreciation Is provided on the followlng basls: Motor vehicles Fixtures and fittings Computer equipment 25/0 200 25•/ 2.6 Stocks Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks, Cost includes all direct costs and an appropriate proportion of fixed and variable ov8rheads. 2.7 Debtorn Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 2.8 Cash at bank and in hand Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less Irom the dat8 of acquisltion or opening of the deposit or similar account. Page 12 8ARNABAS COMMUNITY PROJECTS LTD (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting poll¢ies (continued) 2.9 Liablllties and provisions Liabllltles are recognised vthen there is an obligation at the Balance sheel dale as a result of a past event, it is probable Ihat a transfer of economic benefit will be required in settlement, and the amount of the settlement can bo estimated reliably. Liabillties are recognised at the amount that the Company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provlslons are measured at the best estimate ol the amounts required to settle the obllgatlon. Where the effect of the tlma value of money is material, the provision is based on the present value ol those amounts. discounted al the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost. Page 13 BARNABAS COMMUNITY PROJECTS LTO (A company Ilmited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accountlng policie$ (contlnued) 2.10 Pensions The Company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Company to the fund in respect of the year. 2.11 Fund a¢¢ounting General funds are unrestricted funds which are available for use at the dlscretion of the Trustees In furtherance of the general objectives of the Company and which have not been d&signated lor other purposes. Designated funds comprise unrestrlcted funds that have been sel aside by the Trustees for particular purposes. Th8 aim and use of each designated lund is set out in the notes to the financlal statements. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Company for particular purposes. The costs of raising and adminlstèring such funds are charged against Ihe speciflc fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Investment income, gains and losses are allocated to the appropriate fund, Page 14 BARNABAS COMMUNITY PROJECTS LTD (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Income from donations and legacles Unrestrlcted Restrlcted funds funds 2025 2025 Total funds 2025 Total lunds 2024 Legacies Events for volunteers & staff 10.415 10.415 709 709 859 709 10,415 11,124 859 Total 2024 859 859 Income from charltabla actlvltles Unrestricted funds 2025 Tolal funds 2025 Total fvnds 2024 Income from charitable activities 171,826 171,826 193,894 Tot812024 193,894 193,894 Investment income Unra8trlcted funds 2025 Total funds 2025 Total funds 2024 Deposit account interest 2,726 2,726 2, 135 Total 2024 2.135 2, 135 Page 15 BARNABAS COMMUNITY PROJECTS LTD (A company Ilrnited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Analysls of expenditure on charltable actlvlties Summary by fund type Unrestrlcted Restrlcted funds funds 2025 2025 Total 2025 Total 2024 Direct costs 122,348 97,650 219,998 206.374 Total 2024 124, 885 81,489 206,374 Analyslg of •xpondlture by actlvltles A¢tlvltles undertaken direclly 2025 Support co$ls 2025 Totsl funds 2025 Total funds 2024 Direct costs 204,017 15,981 219.998 206,374 Total 2024 178,089 28, 285 206,374 Independent examinerfs remuneratlon The independent examiner's remuneratlon amounts to an independent examiner fee of £1,954 (2024 - £1.861). Page 16 BARNABAS COMMUNITY PROJECTS LTD (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Staff costs 2025 2024 Wages and salaries Social security costs Contribution to defined contribution pension schemes 75,767 5,585 4,066 TO.977 5,275 3,931 85,418 80,183 The average number of persons employed by the Company during the year was as follows.. 2025 No. 2024 No, Administration staff No employee recelved remuneratlon amountlng to rnore than £60,000 in either year. The remuneration paid to key Management personel during the year amounted to £49,142 12024,. £45.845) 10. Trusteos. remunèration and expenses During the year, no TNstees received any remuneration or other benefils (2024 - £NIL). Durlng th8 year ended 31 March 2025, no Trust88 expansés have been incurred (2024 - £NIL). Page 17 BARNABAS COMMUNITY PROJECTS LTD (A company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 11. Tangible fixed assets Motor Flxtures and vehlcles Ilttlngs Computer equlpmenl Total Cost or valuatlon At 1 April 2024 11.795 2,660 874 15,329 At 31 March 2025 11,795 2,660 874 1S,329 Depreclatlon Al 1 April 2024 Charge for the year 2,457 2,334 958 340 3,415 2,674 At 31 March 2025 4,791 1,298 6,089 N•t book value At 31 March 2025 7,004 1,362 874 9,240 At 31 March 2024 9,338 1,702 874 11,914 12. Stocks 2025 2024 Raw materials and consumables 2.041 13. D•btor$ 2025 2024 Due within one year Trade debtors Other debtors Prepayments and accrued income 162 8,408 900 7,462 937 8,399 9,470 Page 18 BARNABAS COMMUNITY PROJECTS LTD (A company Ilmited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 14. Creditors: Amounts falling due within one year 2025 2024 Trade ¢￿dItorS Other taxats'on and social security Pension Accruals and defeffed income 1.041 1,578 414 1.506 1,133 1.347 4,539 2,480 Page 19 BARNABAS COMMUNITY PROJECTS LTD (A Company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 15. Statement of funds Statement of funds - current year Balance at 31 March 2025 Balance at 1 April 2024 Transfers inlout Income Expenditur• Unrestricted funds Deslgnated funds Shrewsbury Town Council Grant Fresh Food Campaign Meole Brace - Home Starter Fund Breathe 1.000 2,807 {984) (1,878) 16 929 560 713 560 1713) 5,080 (3,575) 1,505 General funds General Fund Fo NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 15. Statement of funds (contlnued) Statement of funds - prlor year Balance at 31 March 2024 Balance al l Apnl 2023 Transfers in/out Income Expenditu Unr•stricted funds General Fund Food bank Food Bank Plus (8. 101) 43. 729 208. 742 148.427 70 48,371 (115,659) 32.667 43, 799 175,246 (81,867) 244.370 196,868 (197,526) 251.712 Restrlcted funds Fuel Poverty Fund 805 20 (200) 625 Total of funds 245, 175 196,888 (197,726) 8,000 252,337 Page 21 BARNABAS COMMUNITY PROJECTS LTD (A company Ilmited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 16. Summary of funds Summary of funds - current year Balance at 31 March 2025 Balance at 1 April 2024 Transfers Inlout Incomo Expondltur• Designated funds General funds Restricted funds 5,080 246,632 625 (3,575) 1120,814) 1105,997) (97,650) 105,997 1,505 195,082 19,387 175,261 10,415 252,337 185,676 {222,039) 215,974 Summary of funds - prlor yoar Balance 81 31 March 2024 Balance 81 1 April 2023 Transfers in/out Income Expenditure General funds R8Strict8d funds 244,370 805 196,868 20 (197,526) (200) 251.712 625 245, 175 196, 888 (197,726) 8,000 252.337 Page 22 8ARNA8AS COMMUNITY PROJECTS LTD (A company limlled by guaranteo) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 MARCH 2025 17. Analysis of net assets between filnds Analysls of nel assets between funds - Gurr•nt year Unrestricted Restricted funds funds 2025 2025 Total funds 2025 Tangible fixed assets Current assets Creditors due within one year 9.240 191.886 (4,539) 9,240 211.273 14,539) 19,387 Total 196,587 19,387 215,974 Analysls of net assots bolwo•n funds - prlor y•ar Unrestricted funds 2024 Restricted funds 2024 Total fijnds 2024 Tangible fixed assets Current assets Creditors due within one year 11.040 243. 152 (2.480) 11,040 243, 777 (2,480) 625 Total 251,712 625 252,337 Penslon Gommltm•nts The Charity operales a defined contribution pension scheme. The assets of ihe scheme are held separately from thoes of the charity in an independently administered fund. The pension cost charge represents contributions payable by the group lo the fund and amounlv(J lo £414 (2024: £450) were payable to the fund at the balance sheet date and are Included in creditors. Page 23