BARROW HILL COMMUNITY TRUST Financial statements for the year ended 31st March 2024 Charity number: 1176069 Registered England and Wales
BARROW HILL COMMUNITY TRUST Contents of the flnanclal statements for the year ènded 31st March 2024 Page Admlnlstratlve Details Trustees Annual Report Independent Examiners Report Statement of Financial Artivities Balance Sheet Notes to the accounts 8-14
BARROW HILL COMMUNITY TRUST Administrative details for the year ended 31st March 2024 Registered Name BARROW HILL COMMUNITY TRUST Registered Charity number 1176069 Trustees Simon Redding Lynne Haywood Marion Thorpe Ch8des Scarf Michelle Vickors Naheed Nabi Kane Shelbourne Greg Connor Richard Motley Chair Up to 24th August 2023 Up to 18th September 2023 From 18 September 2023 From 18th December 2023 From 18th December 2023 Rggistgred Office Barrow Hill Memorial Hall 3 Station Road Barrow Hill Chesterfield S43 2PG B•nkors C¢)operalive Bank 15 Elder Way. Chesterfield S40 1UX Independent Examlner Mr Heera Singh FMAAT HSL Accountancy Solutions Ltd Enterprise House 61a Carr House Doncaster DN12BY Page 1
BARROW HILL COMMUNITY TRUST The Diroctors {trustggsl presont their annual report for the year èndèd 31st March 2024 The trustees of the chanly submit their annual report and financial statements for the year ended 31st March 2024. iv nda Policies and objectives The summary of the purposes of the chanly as set out in its governing document is as follows.. 111 To promote for the benefit of the inhabitants of Barrow Hill and surrounding area5 without distinction of sex, sexual orientation. race or of political, religious or other opinions, by associating together the said inhabitants and the local aulhorili8s, voluntary and other organisalions in a common effort lo advance education and lo provide facilities in the interests of social welfare for recreation and other leisure lime occupations with the objects of improving the conditions of life of the said inhabilanls. 1111 To establish or secure the establishment of a community centre IHerein8fter c811ed 'The Centre" and to maintain and manage the same Ivvhelher alone or in co-operation wlh any local authority or person or body} in furtherance of these objects. In s811ing objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit.. running a charity IPB21'. Strategies for achleving objectives Our Vision is to provide local peoplo with a community building they can be proud of. Our Mission is to provide a mulli- purpose hub for the community where people work together lo deliver activities. We aim lo.. • raise awareness of the Memorial Hall and encourage more people to gel involved. repair and maintain the Memorial Hall through a phased development programm8. provide a range of different spaces for activities and events lo happen. make the Memorial Hall viable through room hire and a¢livilie$ and by growing links wth businesses. Actlvltles undertaken to achleve oblectlves The main activities during the reporting p8riod have focussed on progressing the renovation of the Memorial Hall and providing an allernalive facility for community activities al the Haven Community Room. 3 new trustees were successfully recruited lo broaden the range of skills, knowledge and experience on the board. Al the end of April 2023. Trustees signed tho Slaveley Town Deal contract with Chesterfield Borough Council and received Permission to Start the development stage of the National Heritage (Enlerprisel Lollery Fund. During the reporting penod, the charity.. Applied for. and was awarded, a further 100/0 additional funding by the DLUHC {£1.437m in lolall Signed off the final designs for the new NHS Health Hub. Appointed 8 Building Proj8Ct Manager. archilecls and consullanls lo the Design Team. Signed off the final designs for the building and sent out lender packs for the construction works. Carried out a soft strip of the building and cellar, including the removal or safe encapsulation of all remaining asbestos in the Memorial Hall. Registered the charity for VAT. Replaced the slate roof over the Reading Room and grand staircase. Appointed a Heritage Lollery Development Stage Team, comprising a Project Co-ordinator, Activity Planners, Inlerprelation Designers and 8 Business P18nner. Demolished the ladies toilets, extended the gents toilets. built a new children's toilet block and installed a fully equipped "Changing Places" loilel. Published and delivered quarterly newsletters. Installed free wifi al the Haven. Received a grant and purchased a storage shed for the Haven. Obtained grant funding lo refil the kitchen in the Haven Community Room and are currently negotiating a start dale on this project ACTIVITIES during the reporting period have Included.. Weekly Youth Club for ages 11-19 Vveekly Junior Club for primary aged children Warm Space activities Heritage Cafés and drop-ins Easter Craft Activities and Egg Hunt Training in safeguarding, first aid andlor food hygiene for 5 volunteers Page 2
BARROW HILL COMMUNITY TRUST The Directors Itrusteesl present their annual roport (continued) for the year ended 31st March 2024 ACTIVITIES during the reporting period have included.. Visit to Hurst Farm Christmas Lunch Hard Hat tours of the Memorial Hall Christmas wreath-making workshop Worked with partners to organise a community Fun Day al the Roundhouse. Developed and delivered a presentation about the Community Archive. Produced and staffed 8 display at the Cheslertield Canal Festival. Organised drop-in sessions for the community lo view and comment on the building plans. Inereased eommunily engagement and listened lo local concems and issues which we have been able lo pass on lo authorities such as the police Obtained grant funding and donations towards the cost of a defibrillator for the village, A great ¢onlribulion is made by trustees and Community volunteers. Volunteers have sel up and run groups, activities and events. Wilhoul their valuable contribution of lime, energy and &xpertise. the operation ot Barrow Hill Memorial Hall and the Haven would not be possible. In August and September 2023. two individuals broke into the premises and several items of equipment Ifixed assets) were stolen or damaged. Trustees have reported the crime lo the police. Going concorn After making appropriate enquines, the Trustees have a reasonable expectation that the Charity has adequate resources lo continue in operational existence for the foreseeable future. For this reason, they continue lo adopt the going concern basis in preparing the financial statements. Further details regarding th8 adoption of the going concern basis can be found in the accounting policie5. Ro$•rvo8 poIS¢y The Iruslees policy is lo build reserves equal lo al least 3 months, running costs to protect the conlinuily of the charity's activities against fluclualions in income. Reserves are currently bein9 ulilised lo assist cash flow during construction work. Structure, governan¢• and manag•m•nt Background On 4 December 2017, the trustees of Barrow Hill Memorial Club {Registered Charity No.'5204121 established a Charitable Incorporated Organisalion, Barrow Hill Community Trust {Regislered Charity No'.11761K9}. It's registered office address is 3 Slalion Road, Barrow Hill, Chesterfield, S43 2PG. By a general vesting order made by the Iruslees on I l January 2018, 8arrow Hill Memorial Club (Registered Charity No.. 5204121 transferred all ils assets and property to Barrow Hill Community Trust (Registered Charity No.. 11760691 which bee8me the corporate Iruslee. The merger was completed, and the original charity was removed from the charity register, on 8 June 2020. Constitutlon Barrow Hill Community Trust is a registered charity, number 1176069, and is constituted under a Trust deed. Methods of appointment or election of Trustees The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed. In line with the Trustees Recruilmenl and Induction Policy, efforts to recruit and 8ppoinl new Iruslees lake account of the board's skills audit and current capacity. Organlsatlonal structure and declslon4naklng pollcles The organisalional structure of the charity is based on the Prince's Regeneration Trust's BRICK Programme which has been specifically devised for charities hoping to rescue historic buildings and bring them into sustainable use. Sub- groups include at least one trustee along with relevant advisers, residents, consultants and seNice providers who look al an aspect of the project in detail and make recommendations lo the board. Policles adopted for the Induction and training of Trustees The board developed their policy and procedures for the induction and training of trustees in March 2019 and have kept these under annual review. New Iruslees initially join other trustees and advisers as a member of the induction and policies suwroup and lake part in policy development and annual reviews. Page 3
BARROW HILL COMMUNITY TRUST The Dlrectors (trustees) present thelr annual report (contlnuedl for the year ended 31st March 2024 Pay policy for key management personnel All trustees give their time as volunteers and receive no payment or other benefits for carrying out their duties as a Iruslee. Related party relatlonshlps The #ProudToBeBarrowHill group involves partner groups and organisab'ons working together to C(H)rdinale local aclivilies, share knowledge and information about community matters and offer support. In 2023, the group took first place lo win the Partnership Award 21 the Voluntary Sector Awards. The group meet monthly at the Haven. The charity is represented al meetings of the Slaveley Health and Well-being Network. the Chesterfield Cultural Education Partnership and the Slaveley Town Deal Project Sponsors. As a founder member of the Chesterfield Cultural Education Partnership, the trust is taking a leadership role in connecting cullurelheritage and the provision of a multi-purpose community hub to resolving issues of health and education inequity in the community. As part of this, we are planning lo apply for fijnding lo bcx)sl the partnership in the next year. Plans for future perlod8 Over the next two years, this well-loved heritage building will be sympalhelically restored to provide Barrow Hill and the surrounding neighbourhoods with modem, accessible facilities and bring il back lo ils fomier purpose to celebrate ils centenary of community ownership. Trustees will ba conducting a $tralegi¢ review of our Strategy and busine$$ plans during 2024. to provide us with clear plan for the next 5 years,. St•t•mont of Trusto0s' ro$ponslbllltlo8 The Trustees are spOnsible for preparing the Trustees, report and the financial statements in a¢cordan¢e with applicable law and United Kingdom Accounting Standard5 {Uniled Kingdom Generally Accepted Accounting Praclicel. The law applicable lo ¢harilies in England & Wales requires the Trustees lo prepare financial slalemenls for each financial which give a true and fair view of the state of affairs of the Charity and of ils incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to.. select suitable accounting policies and then apply them consistently., observe the methods and principles ol the Charities SORP IFRS 1021,. make judgements and accounting eslimale$ Ihal are reasonable and prudent.. state whether applicable UK Accounting Slandards IFRS 1021 have been followed. subject lo any material departures disclosed and explained in the financial stslemenls., prepare the financial slalemenls on the going concern basis unless il is inappropriate lo presume that the Charity will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy al any time the financial position of the Charity and enable them to ensure that the fin8nci81 s181ements comply with the Charities Act 2011, the Charity IAccountS 8nd 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. The trustees declare that they have approved the above report. Signed on behalf of the trustees Signed.. Name and position.. Date.. Simon Redding 22nd December 2024 Page 4
Examlners report to the trustees of BARROW HILL COMMUNITY TRUST for the year ended 31st March 2024 I report on the accounts of the charity for the ended 31st March 2024 which are sel out on pages 6 to 7. Respective responsibilities of trustees and examiner The charity's trustees are responsible for the preparation of th8 accounts. The charity's Iruslees consider that an audit is not required for this year under section 144121 of the Charities Act 2011 (the 2011 Acll and that an independent examinats'on is needed. It is my responsibility to.. examine the accounts under section 145 of the 2011 Act., follow the procedures laid down in the general Directions given by the Charity Commission under section 14515llbl of the 2011 Act., and stale whether particular matters have come lo my attention. Basis of independent examiner's report My examination was carried out in accordance with the general Directions given by the Charity Commission. An examinab'on includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. 11 also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as Iru$lee$ concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as lo whether the accounts present a "true and fair view" and the report is limited lo those matters sel out in the statement below. Independent exarnlner's Statement In connection with my examination, no matter has come to my attentson.. which gives me reasonable cause lo believe that, in any matsrial respt. the requirements: lo keep accounting records in accordance with section 130 of the 2011 Act; and lo prepare accounts which accord with the accounting records and comply wlh the accounting roquiremenls of the 2011 Act have not been met., or lo which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts lo ba reached. Mr Heera Singh FMAAT HSL Accountancy Soluts'ons Ltd Enterprise House 61 a Carr House Doncaster DN128Y Date.. 22nd November 2024 Page 5
BARROW HILL COMMUNITY TRUST Statement of Financial Activities (Including the Income and Expenditure Account) for the year ended 31st March 2024 Unrestrlct?d Restrlcted funds fund Total 2024 Total 2023 Incoma from.. Grants and donations Charitable activities Investment income Notss 259,357 259,357 12,304 7,459 12,304 Total 12,304 259.357 271,661 7,459 Expendlture on: Charitable activities 12,853 161,592 174,445 21.882 Total 12,853 161,592 174,445 21,882 N8t Incomellexpendilurel -549 97,765 97,216 -14,423 Transfers belwean funds 4,386 4,386 Not mov•m•nt In funds aft•r transforn 3,837 93,379 97,216 -14,423 Total funds brought forward al 1 st April 2023 270,474 29,309 299,783 314.206 Total funds carrl•d forward 31st March 2024 274,311 122,688 397,000 299,783 The above statement includes all gains and loses recognised dljring the year. All activities ar6 regard6d as continuing. The accounting policies and notes on pages 8 to 14 form part of these financial statements. Page 6
BARROW HILL COMMUNITY TRUST Balance sheet As at 31st March 2024 2024 2023 Flxed assets Tangible assets Notes 337,287 266,558 Currgnt a$sgt$ Debtors Cash al bank and in hand 132,661 4,845 137,506 4,350 43,805 48,155 Credltors (amount$ falllng due In ono year} -77,793 -14,930 Nat current assats 59,713 33,225 Net 888ets 397.000 299.783 Raconclllatlon of Fund$ Unreslricled funds Reslrictsd funds Total funds 274,311 122,688 397.000 29,309 270,474 299,783 The Trustees declare that they have approved the account5 above. Signed on b8half of the Charity: Signed.. Name and position.. Simon Redding Date.. 22nd December 2024 The accounting policies and noles on pages 8 to 14 form part of these financial statements. Page 7
BARROW HILL COMMUNITY TRUST Notes to the financial statements for the year ended 31st March 2024 Accountlng pollcles Basis of preparation The financial slalemenls have been prepared in accordance with the Charities SORP IFRS 1021- Accounting and Reporting by Charities.. Stslement of Recommended Pra¢11ce app11¢able lo charities preparing their accounts in accordance with the Financi81 Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191. the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 and the Charities Act 2011. The financi81 statements have been prepared to give 8 '1rue and fairf view and have departed from the Charities (Accounts and Reports) Regulations 2008 only lo the extent required to provide 8 'lrue and fairf view. This departure has involved following the Charities SORP IFRS 1021 published in October 2019 rather than the Accounting and Reporting by Charities.. Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. Barrow Hill Community Trust meets the definition of a public benefit enlrty under FRS 102. Assets and liabilities are initially Cognised al historical Cost or transaction value unless otherwise slated in the relevant accounting policy. Income All income 15 recognised once the Charity has entillemenl lo the income, It is probable that the income will b8 received and the amount of income receivable can be measured reliably. Grants are included in the Statement of financial activities on a receivable basis. The balance of in¢ome received for specific purposes but not expended during the period is Shown in the relevant funds on the Balance sheet. Where income is received in advance of enlillemenl of receipt, its recognition is deferred and included in creditors a5 deferred income. Where enlitlemenl occurs before income 15 received, the income is accrued. Expendlture Expenditure is recognised once there is a legal or conslruclive obligation lo transfer economic benefit to a third party, il is probable that a transfer of economic benefits will be required in selllement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity ar8 made up of the total of direct costs and shared costs, including support costs involved in undertaking each aclivily. Direct costs allribulable to 8 single 8clivily are allocated directly lo that 8clivily. Shared costs which contribute to more than one a¢livity and support Costs which are not allributable lo a single activity are apportioned between those activities on a basis consislenl 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. Expendllure on Charitable acts'vilie$ is incurred on dI¢11Y undertaking the a¢liviUes whlch fvrther the Charlly's objectives, as well as any associated support costs.. Fund accountlng Restricted funds are funds received from donors which are subject lo restrictions on the purposes for which they may be used of which have been raised for a specific project. Unreslricled funds are those where there are no externally imposed reslriclions. These include funds freely 8vai18ble lo the charity for expenditure or appropriation lo reserves for internally designated purposes. Assets Tangible fixed assets are initially recognised at Cost. After reeognilion, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All cosls incurred to bring 8 tangible fixed asset into ils intended working condition 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 estimated useful lives, using the straighl-line method. Depreciation is provided on the following basis= Freehold property Plant and machinery -20° Page 8
BARROW HILL COMMUNITY TRUST Notes to the financial statements for the year ended 31st March 2024 Taxes The BHCT wa$ registered for VAT from 30 April 2023. As a Charity the organisation is exempl from taxation on income and gains falling within section 505 of the Taxes Act 1988 or s256 of the Taxab'on of chargeable gains Act section 505 of the Taxes Act 1988 or s256 of the Taxation of chargeable gains Act 1992 to the exlenl that these ar8 applied to ils charitable objects. Credltors Creditors are recognised where the charity hag 8 present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due lo sellle the obligation can be measured or estimated reliably. Creditors are normally recognised 81 their settlement amount, usually the invoice amount. Accrued charges are normally valued at their setuemenl amount. Debtors Debtors are recognised at the Settlement amount due. Prepayments a valued 81 the amount prepaid. Golng Con¢ern Noto The financial st8lemenls have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The Iruslees have considered the level of funds held and the expected level of income and expenditure for 12 months from 8Uthorising these financial slalemenls. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able lo continue as a going concern. Income from General Restrlctod Fund Fund Total Total 2024 2023 Gr•nt$ and donatlon$ Donations & legacies Grants Total 2024 98 259,357 259,357 7,361 259,357 259,357 7,459 Total 2023 7,361 741,993 Charltablo •¢tlvltlo8 Room hire Other income Total 2024 724 11,580 12,304 724 11,580 12,304 Totsl 2023 Expendlture on General Restrlcted Fund Fund Total 2024 Total 2023 Charitablg activitigs Audit and accountancy Consulting Depreciation Legal expenses 3.441 259 5.920 202 1,383 263 809 24 535 18 12,853 3.441 5.195 106,213 106,472 3,438 2,761 8.681 155 356 1,270 1,500 2,882 2,973 46,219 46.482 6.427 809 1,756 3,188 3,211 263 1,538 2.073 561 19 37 161,592 174,445 21,883 Repairs and maintenance Insurance Salaries and volunteer Telephone, IT software and SUPFX)rt Sundry expenditure Total 2024 Total 2023 18,858 3,025 21,883 Page 9
BARROW HILL COMMUNITY TRUST Notes to the financial statements for the year ended 31st March 2024 Independent examlner's remuneratlon Total 2024 Total 2023 Fees payable lo the Charity's independent examiner for the independent examination of the Charity's annual accounts 1,000 1,000 Fees payable lo the Charity'5 independent examiner in respect of.. All taxation advisory sel¢e$ not included above 1.260 2,350 All assurance services not included above 1,500 4,850 2,260 Tanglblo flxod a$$¢ts Assots Freehold Plant and under property machlnery constructlon Total Cost Additions Disposals At 31st March 2024 120,000 6,516 2,129 150.312 77.281 276,828 79,410 120,000 8,645 227,593 356,238 Ogpreclatlon Al 1 sl April 2023 Charge this period Al 31 sl March 2024 9,600 2,400 670 1,729 10,270 4,552 10,270 8,681 12,000 2,399 14,822 18,951 Not book valuo at 3181 March 2024 08.000 212,771 337,287 Not book valuo at 318t March 2023 Debtors 2024 2023 Trade debtors Other debtor$ Prepayments and accrued income 87,454 19,856 25,350 132,661 2,453 1,897 4,350 Credltors (amounts falllng due In one yearl 2024 2023 Credltors {amounts falllng due In one yearl Trade Creditors Accruals and deferred income 75,533 2,260 11,580 3,350 Salaries costs During the period of these accountg the Charity did not employee any staff. Freelance staff and consu118nt$ have been engaged as and when required. {2023.' NIL) Trustees. remuneratlon and expenses During the year, no Trustees received any remuneration or other benefils12023 - £NILI- During the year ended 31 March 2023, no Trustee expenses have been incurred {2023 - £NILI. Page 11
BARROW HILL COMMUNITY TRUST Notes to the financial statements for the year ended 31st March 2024 Movement of funds Openlng Incomlng Expended Closlng 01.04.2023 resources resources Transfers 31.03.2024 Unrostricted funds General funds 270,474 12,304 -12,853 4,386 274,311 RoStriGtgd funds Chesterfield Borough Council Haven Kitchen Chesterfield Borough Council Haven Shed Chesterfield Borough Council Townsfund DCC Wami Space Feeling Connected Fixed Asset Fund General Charitable Fund Heritage Lottery Fund - Archive Heri18ge Lollery Fund - 2023 Renovations - Changing Places Renovab'ons - Sport Hall SEE (Social Enterprise Exchange) Fund Staveley Health & Wellbeing Subgroup Young People - Junior Club Young People- Teen Club 4,500 4,500 1,0(K) -1,000 141,923 1,500 -107,238 -1,306 -1,408 -2,761 -16,250 18,436 -194 3.626 -2.218 83,763 -2,020 -3,510 -23,333 -33,750 81,003 2.020 7,046 -3,536 -45,200 68,533 40,500 1,000 10,000 1,000 3,066 16,750 2,000 -143 -2,923 400 -2,029 -716 400 2,029 716 299,784 271,661 -174,445 397,000 Transfer of funds During the period of ac¢ount$, the below Restricted Funds have been transferred to a Fixed Asset Fund. Th1$ fund has been sel up lo depreciate assets that have been purchased using Restricted Funds. Chesterfield 8orough Council Haven Shed Chesterfield Borough Council - Townsfund Feeling Connected Heritage Lottery Fund - Archive Heritage Lottery Fund - 2023 Renovations - Changing Places SEE (Social Enterprise Exchange) Fund Slaveley Health & Wellbeing Subgroup -1,)0 -16,250 -2,218 -3,510 -23,333 -33,750 -2,923 400 During the period of accounts, the below Restricted Funds have been transferred lo General Funds. These funds relate lo project that have been completed in previous periods. General Charitable Fund Young People - Junior Club Young People- Teen Club 2,020 2,029 716 Page 12
BARROW HILL COMMUNITY TRUST Notes to the financial statements for the year ended 31st March 2024 Movement offunds Purpose of Restricted Fund$ Fund Chesterfield Borough Council - Community Pur ose Towards the cost of a new kitchen for the Haven Communi Chesterfield Borough Council - Staveley Health and Wellbeing Chesterfield Borough Council - Staveley Town Deal DCC Wam) Space Towards the purchase of a shed for storage 81 the Haven Community Room Funds reclaimed for work carried out as part of the fenovalions of the Memorial Hall Towards energy and activity costs al the Haven Community Room To sel up the New Haven and provide a wami space and activities Feeling Connected National Lollery Heritsge Fund owar eve oping ommuni Ive National Lottery Heritage Fund orep ace eroo over e8 Ing oom an staircase al the Memorial H811 and lo cover the first part of the costs of consultants during the development stage. un srec aime or eins iono anging aces Chesterfield Borough Council.. Changing Places OW8r ecos renov8 ions e p ysica 8C vi Harbnglon Tip Fund area SEE Isocial Enterprise Exchange) Fund owar ar Ing an cos owar e purc aseo alor Staveley Health & Wellbeing Subgroyp owar club Towards fittings and equipment at the Hall for the youth club Towards fitting out the community hub al the Memorial Hall Young People - Junior Club Ings an equipmen or e junior Young People- Teen Club Hartin lon Liaison Fund Movement of funds Openlng 01.04.2022 Incomlng Expended Closlng resources resources Transfer8 31.03.2023 Unrnstrlctad fund$ General funds 289,272 98 -18,857 -39 270,474 Ro$trl¢t&d funds DCC Jubilee Fund DCC Wami Space Feeling Connected General Charitable Fund HLF - Archive Renovations - Changing Places Renovations - Sport Hall SEE (Social Enterprise Exchange) Fund Young People - Junior Club Young People- Teen Club Young People - YCOS & iwill 300 -347 47 -194 3,626 2,020 7,046 10,000 1,000 3,066 2,029 716 4,727 -267 -834 2,020 9,061 10,000 1,000 -2,015 2,334 -102 834 2,029 816 -100 314.206 7,459 -21,882 299,783 Page 13
BARROW HILL COMMUNITY TRUST Notes to the financial statements for the year ended 31st March 2024 Movement of funds Transfer of funds - 2023 Transfers between funds in the year of £8 have been used in order lo write off balances of funds associated with iwill and YCOS which have been agreed with the provider as being complete. There was an overspend on DDC Jubilee Fund which has been transferred lo the general fund. Where further funds have been transferred between the Feeling Connected and See Stricted fvnds of £834. this was in relation to matching the fund. Tol81 transfers between funds of £18,600 from Advice- Reach, Towns Fund - Capacity Funding, Towns Fund - 50/. Advance and Bright Ideas lo the gener81 fund relating lo the change in accounting policies from payment and receipt accounting to accrual accounting. The income for the DCC Wami Space fund came in after the year end with the expenditure already allocated to the fund ocurring in the year. The Iruslees agreed lo front the cost associated with the fund this year. The trustees are confident the carried forward values for the funds are correct. Analys1$ of not 0$8et$ betwoon funds 10. Unrestrlctod R8strlcted Fund$ Funds Total 2024 Tangibl8 fixed assets Current assets Current liabilities 256,285 20,287 -2,260 274.311 81,003 337.287 117,219 137,506 -75,533 -77,793 122.688 397,000 Unrestricted R8stricted Funds Funds Totsl 2023 Tangible fixed assets Current assets CUrn1 liabilities 262,331 23,073 -14,930 270.474 4,227 266,558 25,082 48,155 -14,930 29.309 299,783 11. Prevlous perlods flgure The previous periods figures are provided for comparison purFX)ses only. Page 14