REGISTERED CHARITY NUMBER: 1191799
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023
FOR
THE BARR FOUNDATION
Tayler Bradshaw Cambridge House 16 High Street Saffron Walden Essex CB10 1AX
THE BARR FOUNDATION
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Statement of Financial Activities | 2 | ||
| Balance Sheet | 3 | ||
| Notes to the Financial Statements | 4 | to | 7 |
| Detailed Statement of Financial Activities | 8 |
THE BARR FOUNDATION
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER 2023
The trustees present their report with the financial statements of the charity for the year ended 31 October 2023. The trustees have adopted the provisions of 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).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1191799
Principal address
Grove House Pensile Road Nailsworth Gloucestershire GL6 0AL
Trustees
Mrs S Barr J Cooper P J Blythe Ms A Forbes T Forsyth
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
............................................................................. Mrs S Barr - Trustee
Page 1
THE BARR FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 OCTOBER 2023
| 31/10/23 | 31/10/22 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| EXPENDITURE ON | |||
| Raising funds | 2 | 900 | 75 |
| Other | - | 6,000 | |
| Total | 900 | 6,075 | |
| NET INCOME/(EXPENDITURE) | (900) | (6,075) | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 75,600 | 81,675 | |
| TOTAL FUNDS CARRIED FORWARD | 74,700 | 75,600 | |
The notes form part of these financial statements
Page 2
THE BARR FOUNDATION
BALANCE SHEET 31 OCTOBER 2023
| 31/10/23 | 31/10/22 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| CURRENT ASSETS | |||
| Cash at bank | 74,700 | 75,600 | |
| NET CURRENT ASSETS | 74,700 | 75,600 | |
| TOTAL ASSETS LESS CURRENT LIABILITIES | 74,700 | 75,600 | |
| NET ASSETS | 74,700 | 75,600 | |
| FUNDS | 5 | ||
| Unrestricted funds | 74,700 | 75,600 | |
| TOTAL FUNDS | 74,700 | 75,600 | |
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. S Barr - Trustee
The notes form part of these financial statements
Page 3
THE BARR FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, 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 (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. RAISING FUNDS
Raising donations and legacies
| 31/10/23 | 31/10/22 | |
|---|---|---|
| £ | £ | |
| Support costs | 900 | 75 |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 October 2023 nor for the year ended 31 October 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 October 2023 nor for the year ended 31 October 2022.
continued...
Page 4
THE BARR FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2023
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| 4. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | |||||
|---|---|---|---|---|---|---|
| Unrestricted | ||||||
| fund | ||||||
| £ | ||||||
| EXPENDITURE ON | ||||||
| Raising funds | 75 | |||||
| Other | 6,000 | |||||
| Total | 6,075 | |||||
| NET INCOME/(EXPENDITURE) | (6,075) | |||||
| RECONCILIATION OF FUNDS | ||||||
| Total funds brought forward | 81,675 | |||||
| TOTAL FUNDS CARRIED FORWARD | 75,600 | |||||
| 5. | MOVEMENT IN FUNDS | |||||
| Unrestricted funds | Net At movement 1/11/22 in funds £ £ |
At 31/10/23 £ |
||||
| General fund | 75,600 | (900) | 74,700 | |||
| TOTAL FUNDS | 75,600 | (900) | 74,700 | |||
| Net movement in funds, included in the above are as follows: | ||||||
| Unrestricted funds | Incoming Resources resources expended £ £ |
Movement in funds £ |
||||
| General fund | - | (900) | (900) | |||
| TOTAL FUNDS | - | (900) | (900) | |||
continued...
Page 5
THE BARR FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2023
5. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds General fund TOTAL FUNDS |
Net At movement At 1/11/21 in funds 31/10/22 £ £ £ 81,675 (6,075) 75,600 81,675 (6,075) 75,600 |
|---|---|
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds | Incoming resources £ |
Resources Movement expended in funds £ £ |
|---|---|---|
| General fund | - | (6,075) (6,075) |
| TOTAL FUNDS | - | (6,075) (6,075) |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Net At movement At 1/11/21 in funds 31/10/23 £ £ £ 81,675 (6,975) 74,700 81,675 (6,975) 74,700 |
|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds | Incoming resources £ |
Resources Movement expended in funds £ £ |
|---|---|---|
| General fund | - | (6,975) (6,975) |
| TOTAL FUNDS | - | (6,975) (6,975) |
continued...
Page 6
THE BARR FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2023
6. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 October 2023.
Page 7
THE BARR FOUNDATION
| DETAILED STATEMENT OF FINANCIAL ACTIVITIES | |||||
|---|---|---|---|---|---|
| FOR THE YEAR ENDED 31 OCTOBER 2023 | |||||
| 31/10/23 | 31/10/22 | ||||
| £ | £ | ||||
| INCOME AND ENDOWMENTS | |||||
| Total incoming resources | - | - | |||
| EXPENDITURE | |||||
| Other | |||||
| Donations | - | 6,000 | |||
| Support costs | |||||
| Governance costs | |||||
| Auditors' remuneration for non audit work | 900 | 75 | |||
| Total resources expended | 900 | 6,075 | |||
| Net expenditure | (900) | (6,075) | |||
This page does not form part of the statutory financial statements
Page 8